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2025-06-30-accounts

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE

ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 307 JUNE 2025

CHARITY NUMBER- 1042358

Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CFO

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE TRUSTEES’ REPORT FOR THE YEAR ENDED 3014 JUNE 2025

The Trustees present their annual report and financial statements of the charity for the year ended 30" June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

OBJECTIVES AND ACTIVITIES

The objects of the Trust are to promote such charitable purposes for the benefit of young people living in Leicester, Leicestershire, and Rutland in particular, those undertaken by youth organisations, as the trustees in their absolute discretion think fit.

Grant Making Policy

Modest grants are made to individual young people and the Trust also makes grants to voluntary youth organisations. All grants are made at the discretion of the Trustees to support the aspirations and needs of young people and their voluntary organisations.

Public Benefit

In planning the Trust’s grant making the trustees have given consideration to the Charity Commission’s published guidance on public benefit.

Achievements and Performance

Over thirty years from the founding of the Sir Andrew Martin Trust for Young People the ten trustees continued their tradition of business and grant-making meetings in June, September, January and April. Over sixty individual young people received grants together with twenty youth groups. The variety of applications for grants continued to be wide and were welcomed by the trustees. Grants for individuals continued to be awarded for sport, music, dance and drama, as well as fees for educational courses, travel, residential opportunities and the provision of laptops. The scope of applications was wide, not least in regard to travel, including to destinations as diverse as Borneo, the Philippines, Nepal, Florida, Europe, Portugal, Japan and Scandinavia. In particular the Trust supported young people undertaking courses at Leicester's Curve Theatre workshops.

Support to Young Carers for educational, sporting and leisure activities continued the trustees’ almost thirty years of such support.

During the year the trustees discussed their intention to review and update the trust's website, and a paid appointment was made to facilitate revision and regular updating of the site. The intention was to make the site more mobile phone and young person friendly.

The trustees were extremely appreciative of a donation to the trust fund from the estate of the late long-time Chair, the Hon Ann Brooks and decided to partially earmark the donation to support five young people receiving tuition at Leicester's Curve Theatre on the Young Curve theatrical courses.

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Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CFO

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE TRUSTEES’ REPORT FOR THE YEAR ENDED 307 JUNE 2025

Late in the year a discussion of the trustees prompted an approach to the Lord-Lieutenant of Leicestershire with regard to him possibly holding a small reception, the Trust having passed its thirtieth anniversary. The Lieutenancy had been supportive ofthe trust in the charity's early years.

The trustees continue to be very thankful for the administrative assistance provided by Samworth Brothers Limited, Melton Mowbray in receiving applications and responding to decisions of the trustees.

Financial Review

Income totalling £54,334 (2024: £44,313) was received during the year of which £47,192 (2024: £40,726) was investment income. This funded grants of £41,037 (2024: £38,843) to individuals and charitable organisations. Capital investments were valued at £1,416,691 (2024: £1,409,751) at the year end.

Investment Policy and Powers

The trustees have the same full and unrestricted powers of investment in all respects as if they were the beneficial owners.

The investment strategy is set by the trustees and takes account of recent demands for funds and an assessment of expected future needs (see Reserves). The investment policy and strategy are reviewed with the investment managers at regular intervals.

The investment objective is to maximise income available to make grants while maintaining the long-term value of capital.

Risk Management

The main risks to which the charity is exposed as identified by the trustees have been considered and systems have been established to mitigate those risks.

Reserves Policy

The Trust Deed permits the spending of capital; the trustees have, however, agreed to retain the capital for the time being and to invest it to produce income to make grants. The trustees are managing the reserves to balance the needs of current and future beneficiaries. It is not anticipated that the needs of beneficiaries will diminish over time.

Plans for the Future

The objectives of the Trust remain unchanged for the future; the intention is to continue managing the funds on a consistent basis and distributing income as grants to those in financial need.

Structure, Governance and Management

The Sir Andrew Martin Trust for Young People is a registered charity, number 1042358. It was established by a Trust Deed dated 18° November 1994.

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Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CFO

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE TRUSTEES’ REPORT FOR THE YEAR ENDED 3074 JUNE 2025

Organisation, management, and delegation

The administration of the Trust's grant making activities is carried out, at no cost to the Trust, by a volunteer from Samworth Brothers Limited.

The Trustees meet quarterly to make grants and review the Trust’s performance, its financial position, and its investments. The Trustees, in their power, have delegated accountancy matters to LCVS.

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Trustee Recruitment and Appointment

; Having considered relevant skills, experience, and geographical requirements, potential new Trustees are approached by the existing Trustees and then appointed with the agreement of the Trustees. The Trustees are also responsible for the induction and training of new Trustees.

Name The SirAndrew Martin Trust forYoung People
Charity number 1042358
Principal Office LCVS
151 Dale Street
Liverpool
L2 2AH
Trustees John Aldridge OBE
David Andrews DL
Michael Elliott
Alec Jeffery
Alison Jolley
David Knowles DL
Susan McEniff
Samuel Plummer
David Smith
MartinTraynorOBE

Liverpool Charity and Voluntary Services (LCVS), a corporate trustee, which is incorporated under the Companies Act as a company limited by guarantee without share capital as company number 181759, a registered charity, number 223485, and a charitable Trust Corporation. LCVS trustees, who are also its directors, were as follows during the year. LCVS Chair Sonia Bassey MBE

LCVS Treasurer

Mike Thomas

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Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CFO

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE TRUSTEES’ REPORT FOR THE YEAR ENDED 3074 JUNE 2025

LCVS Trustees Dorcas Akeju
Sonia Bassey MBE
Christopher Colwell (Appointed3 June 2025)
Maxine Ennis
Anna James (Appointed 17" October 2024)
Dr Hardamanjit R Kaur (Appointed 17‘ October 2024)
Ken Perry (Resigned 2"¢ September 2024)
John Price (Resigned 4" November 2024)
Anne M Reading (Appointed 17" October 2024)
Michael Salla
Louise Scholes (Resigned 2° June 2025)
Gemma Shone
James Sloan
Michael Thomas
Company Secretary Helen Rotheram
Independent Examiner Paula SanchezACCA
Score Lane
Liverpool L16 5EF
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent, ME19 4JQ
Investment Manager Rathbones Investment Management
Port of Liverpool Building
PierHeadLiverpoolL31NW

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:

¢ select suitable accounting policies and then apply them consistently.

° observe the methods and principles in the applicable Charities SORP.

¢ state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements.

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Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CFO

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE TRUSTEES’ REPORT FOR THE YEAR ENDED 3074 JUNE 2025

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on and signed on their behalf by

[Smith] |[David] Signed by:

David Smith, Vice Chair of Trustees

Dated: Saar 28 ccstsesteee

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE

| report to the trustee on my examination of the accounts of The Sir Andrew Martin Trust For Young People (‘the charity’) for the year to 30 June 2025, which are set out on pages 8 to 15.

Responsibilities and basis of report

As the trustee of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

| report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, | express no opinion as to whether the accounts present a ‘true and fair view’ and my report is limited to those specific matters set out in the independent examiner's statement.

Independent examiner’s statement

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Name: Paula Sanchez

FAL)Zo fl2. Op,~

Name of applicable listed body: Association of Chartered Certified Accountants Relevant professional qualification or body: ACCA

Date: 29 October 2025

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Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CFO

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 307 JUNE 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Funds| |Income|Capital| |Funds|Funds|Total|Total| |Income|2025|2025|2025|2024| |from:|Notes|£|£|£|£| |Donations|2a|6,844|-|6,844|3,225| |Charitable|activities|2b|-|-|-|80| |Investments|2c|47,490|-|47,490|41,008| |Total|income|54,334|-|54,334|44,313| |Expenditure|on:| |Charitable|activities|3|43,687|-|43,687|40,813| |Total|expenditure|43,687|-|43,687|40,813| |Net income|10,647|-|10,647|3,500| |Net|gains|on|investment|4|-|6,940|6,940|116,119| |Net movement|in|funds|10,647|6,940|17,587|119,619| |Reconciliation|of funds:| |fJ|o|talrward funds|brought|14,300|1,409,751|1,424,051|1,304,432| |Tf|o|talrward funds carried|’|24,947|1,416,691|1,441,638|1,424,051|

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The notes on pages 10 to 15 form part of these accounts.

The net movement in the funds in the year is derived from the continuing activity of the charity.

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Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CFO

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE BALANCE SHEET AS AT 3074 JUNE 2025

Fixed assets
Investments
Notes
4
30June
£
June2025
£
1,416,691
30%June
£
June2024
£
1,409,751
Current assets
Debtors 5 - -
Cash balances 27,470 16,429
27,470 16,429
Current liabilities
Creditors 6 (2,523) (2,129)
Netcurrentassets 24,947 14,300
Netassets 1,441,638 1,424,051
The funds ofthe charity:
Unrestricted funds
Capital funds
Incomefunds
7
7
£
1,416,691
24,947
£
1,409,751
14,300
1,441,638 1,424,051

Approved and authorised for issue by the Trustees and signed on their behalf by

[ DadSigned by:Smith David Smith, Vice Chair of Trustees

Dated: ...2° October2025

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Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CFO

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 307 JUNE 2025

1. ACCOUNTING POLICIES

Basis of Accounting

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (SORP 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and Charities Act 2011.

The trust constitutes a public benefit entity as defined by FRS 102.

_ The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

Going concern

At the time of approving the accounts, the trustee has reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustee continues to adopt the going concern basis of accounting in preparing the accounts.

Investments

In accordance with Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2019), investments held as fixed assets are stated at fair value. Realised and unrealised gains and losses are dealt with as movements on the Capital Fund. Investments are valued at the mid-market price on the valuation date.

Fund accounting

Unrestricted funds are considered ‘free’ reserves and are available for use or retention at the discretion of the Trustees, in accordance with the charity’s objectives. Free reserves are undesignated funds available for the furtherance of the general objectives of the charity.

Income recognition

Income from investments comprises dividend income and interest and are accounted for when received in the financial year. Donations are recognised at the earlier of notification or date of receipt, in the case of the third-party donations and legacy income when received by the organisation.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accrual basis. All expenses, including support and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities.

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Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CF0

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3074 JUNE 2025

Raising funds costs relate to expenses incurred in the management of the investment assets. Charitable activities include grant funding, along with associated support costs, to beneficiaries. These are dealt with in the Statement of Financial Activities when payment has been approved by the charity. Governance costs relate to compliance with constitutional and statutory requirements and specifically include all costs incurred by the charity in producing the Annual Report.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

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Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CFO

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

Taxation

The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. Partial recovery is made of tax credits on UK dividend income. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.

Critical Accounting Estimates and Judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. here are not key estimates or judgements in the preparation of these accounts.

  1. Income and endowments from:
Income Capital Capital Total Total
Funds Funds
2025 2025 2025 2024
a. Donation and legacies
Donations
Legacy
Gift aid
£
1,075
5,000
769
£ -
-
-
£
1,075
5,000
769
£
3,075
-
150
6,844 - 6,844 3,225
b. Charitable activities
Celebration event
£
-
£ - £
-
£
80
c. Investments
Bank interest
£
298
£ - £
298
£
282
Investments dividends and interest 47,192 - 47,192 40,726
47,490 - 47,490 41,008

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Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CF0

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

3. Expenditure on charitable activities:
Direct Support&
Total
Total
Charitable Governance
2025
2024
Expenditure
£
Costs
£
£
£
The benefit ofyoung people living in
Leicester, Leicestershire, and Rutland
41,099 2,588
43,687
40,813
and youth organisations
Analysed as follows:
2025 2024
Directcharitable expenditure:
Grant funding
£
41,037
£
38,843
Leaflets 62 -
41,099 38,843
2025 2024
Support& Governance costs:
Financial Administration - LCVS
£
2,173
£
1,629
Independent examination
Bank charges
350
65
250
91
2,588 1,970
Total expenditureon charitable
activities
43,687 40,813

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Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CF0

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30'4 JUNE 2025

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The|following|grants were|made|during|the|year|to|young|people|to|49|individuals|and| |20|Groups| |Grants|of £1,000|and|over|£| |Antoin Akpom|Ach'ment|2,000| |Asfordby Amateurs|1,000| |Blaby|and|Whetstone|1,000| |Braunston|Adv.|Play|2,000| |Countesthorpe|Scouts|2,000| |Golden|Token|1,200| |Happy|Days|Childrens|Char.|1,000| |Inspire|Youth|Collective|4,000| |Kings|Olympic|Wrestling|1,000| |Leicester|Theatre|Trust|2,500| |Market|Harborough ATC|1,000| |New|Parks|Clubs|for YP|1,876| |Richard|Moore|Sports|Centre|2,000| |Streetvibe|1,892| |Thurmaston|Marching|Brass|1,000| |Ukranian|School|1,000| |23,468| |Grants|under £1000|17,569| |Total|grants|41,037| |4.|Fixed|Asset|Investments| |2025|2024| |Quoted|Investments:|£|£| |Market|value|at|18t|July|2024|1,409,751|1,293,632| |Net|unrealised|gains|on|investment|6,940|116,119| |assets| |Market Value|at 30|June|2025|1,416,691|1,409,751| |Book Value|at 30|June|2025|960,858|960,858|

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The trust holds 100% of its investments in a Charity Commission approved pooling scheme, the Settlors’ Trust Fund (STF), administered by Liverpool Charity and Voluntary Services and managed by Rathbones Investment Management. At 30th June 2025, the assets of the STF fund had a total market value of £34,091,813 (2024: £33 821,443) of which £1,416,691 (2024: £1,409,751) is an asset of the trust.

5. Debtors

There were no debtors during the year end 30" June 2025 (2024: Enil)

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Docusign Envelope ID: 84C2B490-8E78-423E-A848-3195EC808CFO

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025

6. Creditors

Creditors
2025 2024
£ £
Financial Administration - LCVS 2,173 1,629
Independent examination fee 350 500
2,523 2,129

7. Unrestricted Funds

Income Fund: Investment income and donations received for distribution as grants to individual young people and charitable voluntary youth organisations.

Capital Fund: Funds held provide income for the on-going activities of the trust.

8. Related Party Transactions

Support and governance costs: include £2,173 (2024: £1,629) payable to LCVS in respect of accountancy and trust administration.

At 30 June 2025, creditors included an accrual of £2,273 to LCVS (2024: £1,629). LCVS is related to the Trust by virtue of LCVS being the Trust’s corporate trustee.

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