IIEGISTERED CIIARIIY NUMBEIL. 1119799 REPORTOFThE TRusfEES AND UP14UDITED ANAIICIALSTATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2020
THE JOHN LAMBERTCHAAmES.SHEP5HED coNrENTS OF THE FINANaALSTATEMEPll5 F(Xt THE YEAR ENDED 31 DECEM8ER2020 Report of theTrustee5 Ito3 Indepdent Examlnerfs Rep(*t Statrment of Rnanoal ktMJ Statementof nand Position Notes to the Flnancial Statwnents 7t014
ThEJOHN LAMBERT CTrL4RrnES.SIIEPSHED REPORTOFThE TRUSTEES FOR THE YEAR ENIJED 31 DECEMBER 20x1 The trustees present thesr reFxt with the financial statements ot the charSty for the year ended 31 t)ember 2020. The trustee5 adopted the FXOVtslons of Accojntlng and Reytir8 tharities.. 5tstement of Recommended Practke appllcable to charities preparirE their %¢cnts in actcdance wlth the Financlal Repn8 standard appll¢able In the UKand Republlc of Irdand IFRS 1021 leffectlwe lJarkUary 2019). OBJECrnIESANDAcfM Oblectl¥esand airns The tharity has the ¢)blitylon to mon¥ the scheduled proFwUes Investments appfyin8 TplUS Income after malntenance and management Bnd Pr1511 ftyextr•)rdinary paIrS In the ratton ofr. al for rellef of those in need either genwalty or per5(xts rident in Ancient Parish of Shepshed who are In conditlons of need. har(bhip or distress makine grants of money. or pr(Nkalng or paylng for IteTh4 falItieS. calculated to reduce the nerf hardship or di5tre55 of such person4 wbjertto rtain re5tJiclions. bl 2fJ Edu(4tion Foundatlon: In promotin8the education, i1KILKIÉ 5(KioI and physical trainin& of ppr51)n5 resident in the area of the AJ)dent Parlsh olshepshed Itho have not attalned the a8e of 25 years and ¥tho are In need offinancial tstan. The Trustees enyloy the esSiOnal of a propty lettin8 and many to t¢llètt rents. manage and maintsin the property in a mannerto opllmlse the retum from the pmpwtylmM Grants are made aftwsuitable erffjulry bytheTrustees to redp1& undertheterms ofthe oblects noted. benefft The Iru5tees have paid due regard to gUidCe Issued tythe Charlty Commlssbon In deddln8 wthat actmtles the charlty should undertake forthe publi¢ befit ACHievEMENT AND PERFORMAN The charfty has dtstr5buted 1512019: 321 yants In tt y. tots11l £351912019: £8.7tKII. 1412019: 301 of these grwrts totsllin8 £3J1912019: £7SLKJI were distributed tt> inONiduaE5 and 112019.. 2) of these grants totalling £21KI12019: £12Q)I We dlstrlbuted to Inslitytl(ms. These are analysed In the appendim to the counts. HMANCL REWEW The Trustees ha determined to sufficierrt Sums in rE5erve to enable thern to meet. a5 far a5 possib. unexpected maj*X rEpars to the propertle It Is resdved by the tn that cash reserves of £25AKIJ are set aside for this purp At the end of the year the tharlty hdd reserves of £93149712019- £907.3031 irKluding cash reserves of £82.401 12019-£5&5851 whlth L% tonsldefed bYthetnteQSto besuffldeftt for the tharlty to carry (Art Its oblectlwés. srRUCTuRE.GORNANCE AND AiAPWfMEP The stheme dwjment wassealed dated 28th February1972 tharitse& 11 John Lambert ofthe Lambèrt Edutational ndation). 233664 21 The Lzmbert Ethicationzl Foundation. No. 52&J)2. Both of the above vme cancelled on the ster of Owritles In June 21NJ7 wlth thejohn lambert tharitles. 5hepshed No. 1119799 entwed on the traI ter of tharilie5Wtth effertfrom 22June 2(Q7.
THEJOHN LAMBERT(WillmES.&IEII%IED FOR ThE YEAR V4DED31 DECEMOER2020 REFEREPKEAt4DADMINISTAATIVE DEfAIiS li799 Prfndpal addrffis 85mlthyWay 5hepshed Lou8hborou Leke5ter5hlre LE 9TQ MrAC Robèrts Mrs B Alnsworth Mr E W Atkln Mrj H Bradfr•ryl MrMFox Mr B Grlgg Mrs C Hallam MT5 P Ollver MT Whlttington MrG S Freckelton The body of Trustses shall conslst when complete of twelve competent p5(15 reskllng In or nejr the area of the Anclent Parfsh olShep5hed. Trustees are apwnted frKa tenm ol five r$ by the $tIng Trustees. Thtte shall b• In Annual General Meetlng and ¥t leasttwo ordIn methln85 In eath ye•r. l rel•ted partylnformatlon Is dlsck75ed In note 14 olthe a¢(nts. The truste•5 a55e55ed the maSw rtsk5 kn T*hlth tharlty Is ewsed, •re s•fjsfiad that swems are In place to mltlgate exposure to the major rlsks. Nl&l Xln8sley AC4 Chartered Accountsnt Duncan &Toplls Lknitsd 3 Prlnces Cour Royal Way Lou8hborwKh Lelcestershlre LEII 5XR aertlo the Tnttto Mrs l Monk Fretheltons Limited l Lelcester Road LouEhborough Leics LEii covi(> There h35 a Blobal pandemic from the outbmk of C(hld-19. The Wentlal impxt of thls became significant in March 2020 and It has caused widespread diyuption tD all aspects of Eronomi¢ sctial and tharltable acttvlty acmss the wodd, induthngthe UL
THEM)HN LAMBERTCfrL4RIIIES.SIWED REPORT OFThE TRUSTEES FOR THEYEAR ENDED 31 DECEIAPER J)10 The trustees have consldered the impKt of Cad and hwe tsken 5tep5 to ensurE the wellbèing of themsdves and the derl and, far a5 deE1cabIe. the rnalntenan of its clwitable activities. consider that Covtd ha5 not had a SIlfiCant Impact on the finan(Sal vlabllity of the th¥ity. The trustee5 are (onfKlert that the tharlty ts Sn a poth to contime to manage the situation whlle worklng to mitipts the risks prtsejrted wheTr p0s9ble. Eath of the tnJstee5 has confiimed that there is no infOrnOn of which thry are aware whith is relLwant to the independent examination. but of whkth the IndepeThlent examiner is unaware. have fvrtherconfirnied that they have taken appropriats 51ep5 to identify such rdevant Information and to esiabllsh that the Independ•rt examlner Is re of suth Informatlon. zslslii ApprDved by tyderof the bo¥d of trustees on.............................-.....-.. s181 on Its behallby. Mr G S Frecke -Trustee
INDEPENDENTEXAMIP4ERS REPORTTO THETIll OF THE JOHN LAMBERTCHARMES-SHEISHED report to the chwlty tFUStee5 on rnyexamination of the atujunts of theThÈJohn LambertCharttle9-Shepshed (the Trust) frytheyear ended 31 Decemiw 202 A5 the charitytrustees of theTrustyou are reSpsl le forthe Preparati of the COUnts in arAY)rdance wlth the requirements of the Charities Act2011 IYieAcVI. I report in respert of my examlnathy) ofthe Trusvs aCllnts carrfed undersectlon 145 of the Artand In carrylng (Mrt my examinatlon I fdlrmed all appliCae (Irertions bythe Charity Commission under section 14515llb) otthe Act. I have completed my examlnotlon. l Confirm that no material mattets hawe¢ome to my attenkn In ¢onneclion wlth the examlnayon ging me ¢ause to beueve that In any material respe(£ atcounting records were not keptln res of theTru5ta5 required by secti1 130 of theA¢ or the accounts do not ac£ord with those records.. the actnts do not cc¥nplywith the applicable requirements o)nr2rnin8the form a1 content ofaccounts set out in the Charib¢s IAtt¢unts and Reports) 2L118 otherthan any requlrtsmentth* the accounts give a true and falrvlewwhlth is not a mattercorsidered as part of an independent examination. I have no (cernS arKI have come acr055 no gther matters in tonnedion with the exarThnatiLm to whth attention shouEd be drawn in thls report In order to enable a proper unduthndin8 of the accounts to be reathed. Niall Kin851eyACA Chartered Accountant Duncan &TOlS timitsd 3 Prfnwcourt Royal Way Lou8hboro Leicestsrshl LEII 5XR 2610312021
srATEMENTOF HNANcIALAcrES FOR THE YE1 Et4DED31 DECEMBER 21)XI 2020 Uryestrlcted f[$ 2019 Totsl funds INCOMEAND Ef4D(Y•VMEfiTS FIKJM Investments 51.560 48204 Total SI60 48204 EXPENDITURE ON Property Expenses Other Expenses Grants paid 18W3 37.411 1041 &71Kl Tolal 25,482 49.152 Net gaIn(loSSeS) lft¥¥trmits 18841 27,538 NET IKCIME 26.590 RECONauATION OF PJNDS Tol•l funds bvoWforw4vd )7303 880.713 TOTAL FUNDSCARRIED FORWARD 932.497 907,3 The note5 f(¥m part ofthe5e financial 5ktements
THEJOHN LAMBERT CTri4MES.SHEP5HED STATEMENfoF FINANCIALPOSrnON AT31 DECEMBER21)20 2020 2019 Totsl fvnd5 fiJnd5 HXEDASSS Investments Invesbn•rt prcyrty 14,951 835.C(#) 15.577 835.0 WJ351 850.577 Debtors Cash at bank li L5 82.401 230 58.585 83.91TI 58.815 CREDITORS Amountsfalllng due wlthln oneyear 113611 12M891 NEfcuRRENT ASS 82546 56.726 931497 9J7303 NEfASSErs 931497 t7303 FUND5 untritte fvrtts: Unrestrlcted- General fund DeslBnated- Education Fund De51gnated.Necessl fvjnd Designatsd- ReparFund 917.645 8.314 888.932 5.217 2.590 931497 7,303 TOTAL FUNDS 931497 J7.303 The. )In nri statvnwrts were appro¥ed aUth(K issue by the Board of Trustees on Kl were SIe on its behalf1. Mr G S Freckelton-Trustee The note5 fomi partofthe5e flnanaal ststvnents
THEJOHN LAM8ERTCHAllmES.SHEPSHED NOTES TOTHE FINANCIALSTATEMElll5 FOR THE YEAR EIIDED 31 DECEMBER 20x1 GENERAL INFORMATION Thejohn iambwt Charlde5. Shep51wJ fs an unl(porat Clty kn Erand. chwI5 stered number 15 1119799. The dwritvs prfndpal Pla ofbuslne$5 t$ 8&YthWay, Swed, l01cesh1Te. LE12 9QT. The tharftyhas use ofan Offi at 64 Bdton StreeL she. Lekrshlre. LE12 The flnan¢lal ststements presented tn stullry Thkh b the funcllonal currency of th• charlty and are rounded to the neare51 L The sK81t7tant account1 pollde5 applied in the wep¥•tlM ofthese atcourts •re set out below. Thw polkl•s have been C£5t¢ntty •prAled to•M fvyesthted unlessotheMs•stated. The fin•ndal statsmentsio¥wts Indlvthl The ent constSbJtss a pIk benefftentlty a5 defined by FRS 101 The flnanci81 stste ol the thartty, Thlth Is • publF¢ benefft entsty undv FRS 102. hwe been prepared In accordance with the Chorltles SOAP IFRS 1021 'AC£nnI and Repn8 by charles. Statement of Recommended Pract5ce wpliuble to tharhles their accounts In Kcordance wlth the Financial Report1 Standard applkable In the UK and Republlc of Ireland IFRS 1021 leffectfrle lJ¥nuary 20191,, Yinano41 Reportlbw Stsndard I2 Th Ftnoncial ReprytlnB Stsndard applICab In the UK ar Republlc of Irdand, and the Charltles Att 2011. The flnandd statements hwe been prepored undw the hlstorical cost conventlon vAth the emceptlon of Investynents whl¢h are Induded at marketwue. as m¢xllfied the raluat ot certaln a55ets. The flnanclal 5tstements are prepared th) • 8oln8 c(KKwn bas15 urthr ts h15torfcal c4>St conventlon. modlfled to Ind(Kl¢ certaln ftems atfalr Value. The charfty has taken ofthe followlng dlsc105ure exernptt In preparfn8 these flnandal staternnts. pennltted by FRS 102 Yhe Flnandal Reporttngstsrthrd appllcable In the UK and Republ1¢ of Ireland,: the re4ulrements of Settl 7 Stat•ment of Cash Flty Incom• All Income15 recwised in the Stement of Fin1nd kiMtle5 once the tharity has entttlement to the funds. Jt Is probable that the income tAIII be received and the anntrart be measured reliabty. Expendltyre Llablllties are reco8nlsed as exp•111¢ as som as thère s a Wl or Constr obll8atlon commtttln8 the charlty to that •(pendltur¢ Is wobable that a transler of economlc benefits WAII be rqulred In settlement and the amount of the obligaiion can be mèasured rdlabty. EXpdItre Is accwnted for on an accruals basis and has been dassified under headlr4s that awe8ate all cost rdated to the cate80ry. WhEre tt*sts cannot be dlrertly ortrlbuted to partl(JJlar he•JI ht t)ÈÈn all(Kated to actlvitles on a basls £ThIstent wlth the use of resour¢es. Grants offwed sublert to ¢ondlV¢v)s whoth not been met at the year end date are Thxed as a commibnent but nota¢crued as expendltur& Pa8p 7
THE JOHN iAMBERTCHAIIfflES. SHEPSHED NOTES TO THE FINANCIALSTATEMEKlS- coKnNUED F(IR THEYEAR ENDED 31 DECEMBER 2U20 Investrnent operty Is shrhbn at mLbt recertvaluatkm. Any surplu5 (X defiot aris1 from changes in fair value is reco8ni5ed In the Starnt of HnarKlal A(tMtte Ta10 The charlty IseXemptfrn tsx on Tts thittble xli¥Trlie> Fund a¢¢¢wntlr Unrestr5cted fvnd5 can be used in acrordKÈwrth the thwltable obhethes atthe dis(Tetion of thetru5tees. Further QKplanatJon of the nabjre and purpose of eath induded In the notss to the financial statements. Irfvestrnents were rectWi5ed inldally atfairrdlue. Subsequendythry are re(ognlsed at fairvalue wth char8e5 rttoenlsed In 'net gainsll1055esl on investments" In thÈ StsFA as the shares are publldy traded so thelr value can be measured reliawy. DebS and credltors wlth no stated irrterest rats and recv&lÈdr ptyabk rythin onèyear are recorded at trarsKtJon prke. kny1055e5 Wi5iry8 fmm impairnnt arerecwlsed In exwdltuT& In the appllclon of the charitable mpan5 acrountin8 polw. management is required to make Judgements. estlrnates and assumptlowts abrt the carrytng value of ats and Ilabllttles that are not readily apparent other Sour The estlmates and undethI assumptlons are based on historfcal experien d otherfartors thatare cortsldered to be relwdnL Ackn reyjlts may dlfferfrom thtse estlmate5. The estSmates and undethins assumptions art rtyd on an gng basts. Re41%ons to a(£ounting e5timate5 arè reniSed In the perlod In thich the esiimats rs re¥i5ed rfthe wision affe¢L% only that perlod. or in the period ofthe Mis1¢ and firture perfods If the mision affects both current and fvture periLKI& There are no crftka accountingiudBpments orestimation untertalntytha¢ In the oplnlon of the tnes. will he a material effect on the finarKial ststemen There ha5 been a ¥obal pandemlc from tr outtK of CvA&19. The poterrttal Impart of Cty4id-19 ber•ne slgnlficant in Marth 2020 and is caun£ widespread dkntpthn to all aspects olecfjn(xnl4 sodal and tharitrblp acuvtty &ross the wtyld. Indudlr8 the UL As a re5uIL the thariV5 OPW*ions have been reduced slnce March 2020 as fewer applicatkns for grants were recelved. The trustee5 bdie4e that grant applkatlons wlll increase a8aln In 2021 and beyond. ThÈ trustees are t4dent that the pandemic has had very little impatt M the Income streams of the Charlty. Therefore, they consider that thè tharity has suffldert cash reser¥V and ts in a P)Siti to continue to manzee the 5itUati¢)n. It Is on this basts that the trustees C(m5idw it apsxowith to prepare the ffinandal ststements on the 8oin8 concwn basi>
THEJOHN iAMBERTCIIARillES.SHEP5HED NOTES TOTHE FINAf4aALsfATEMENTS. COP4TllaltD FOR THEYEAR ENDED31 DECEMBER2020 2020 . 2019 SL187 47,743 Deposlt account interest In¢(Knefrom listed Inbvbnents 325 51,560 48.204 GRANTS PAYABLE 20 Gr)ts pah 3519 &7LKI Thetrtal grants pald to IrtsttbJt]on5 dUrf theywwasasfdknvs: 2020 20 Education Fund Nece5Sitous Fund IA0 200 2(K) 2(Kl 1.200 Thetotal Krnnts paid to Sndt¥ldu dUrfrtheW5 a5follrths: 2019 Edu¢atlon Furtd Necessitous Fund 2,250 L069 3,750 3.750 3.319 7,5rA) SUPPORT CO Govwnance Manwent TotsLs Property Expenses Other Expenses L8,883 L718 1,362 1.362 21.%3 Support costs. induded in theabm. are asfol(Ms:
IIOTESTOTHE FifwxiALSTATEMENTS.copmwED 2019 Expww Tot activibes Totsl acbvities Rates and water Insuran ents ro5ts Repalr5 and maintenan Postsge and ststionery aerks honorarfum Office cleanlng 332 2.119 6323 .ir 332 2.119 6.323 li 2.671 7,276 128 140 450 128 L140 171 1.1 1718 20.601 39.132 2020 2019 Expenses Totsl activiiie5 Independent examinerfs renwnwati L3F2 L320 INDEpe14DENT EXAMIWERY REIJWNEIATIOM 2019 Independentexamlnatlon L362 L320 Totsl noraUdIt fees 1320 TRUSIEES. PEWNEIIATIOMAIIDBÈNEFITS There were no tnee5, remuneratlon (Y beffjefft5tr the)wr ended 31 De¢*nber 2020 nor forthèyear ended 31 December 2019. There were no tn, expaw for the year ended 31 DKember2020 rw for thè year ended 31 tlecember 2019. There were no lOyeeS and therth nD PayFDII in operation duri1¥ theye3r. There vRre 10 trustees12019.. 101 and the derkto the trustees.
THE JOHN iAMBERTCHAIES. 5HEP5HED NOTE5 TO THE FINANCIALSTATEMENTS. C£TIl&lE0 FIXEDASSEf IN¥EsfMEiifs Invèstmeftts At ljanuary 2020 Addltions Revaluatlons 15577 258 18841 14351 NET BOOKVAWE At31 December 2020 14,951 At 31 Decnber 2019 15.577 There vJprE no irr¥eStt assèts outsklethe UL though the ftxed asset 1n¥vtM are Induded In the finandal stateffthts at market valuatlon, the ortglnal cost of the assets is unavailalle 3$ they we ¥quifyd befofy the Invclvement of arry of ¢urrentTrustees. TherefoTr 1$ not posslbletod55d05e the unrealised 8atns thare induded within the above fun&. FAIR VAWE At ljanuary 2020and 31 DeCem12(rI0 835.0(KJ NET BOOKVAWE At 31 December21T20 835,IXKJ At 31 Oecwnber2019 835,LllO Investment Propertle5 The propeTties listed bdow been year5 by the tharity.The rn05t ntfOrmal ¥aluatiOn. as at 31st D¢mber 2019. was carrfed out by the Propty Mana8ement Agents at open market value. The charTty the use of an offi¢e within 6 & 8 Bdton street tthwdertd to of Immaterrdl value for accounts apwtlonment purpose Openkng Valuation Closlng Valuation Propertie5 5hepshed, LeiE5 2 Befton Street 4 Be]ton Street 6 & 8 Bdton Street 10 Bdton Street 12 Belton Street 14 8etton Street 16 Belton Street 77,500 77.500 81,(0 79.Q)O 82,500 87.500 77 77,500 77,500 81.¢lJO 79.0 82,500 87,500 77,500 Page li
T•IEJOHII LAMBERTCHAIE$. SHEPSHED IE5 TO THE FINANCIALsfAYEMEPIIS. CONIIIWED FOR THE YEAR EIIDED 31 DECEPABER20XI 18 Betton Street 20 Beltt>n street V4 Britannla Street 77StJ) 775 1175TrJ 117,500 835.0 83s,Lo 2020 20 Other debto L506 230 2020 20 L361 EMeNTIN FUNDS Net nvlmnt In funds At LL20 At31.12aO Unvektsd Unr&tritted- GÈnÈrdl fund Lnate& Educatlon Fund 888.932 28.713 12.2501 112691 917,645 8.314 5.217 2.51 Desl8nate& Repalr Fund 7.aB 932,497 TOTALFUND5 7.303 932,497
THEJOHN IAMBERTCHARfflES. SHEP5HED IIOTESTOTHE FINAPXIALSTATEMErits.copmiwED vrt>VEMENf IM FU14DS. C4Xbtlnu Nttnwentln funds. Indth In the abave area5fLqI¢M5: IrK(nSr Galns aThl M¢yMntln fund5 Unrestrirted- General fund DÈSortQd. Educa15on Fund Desi8nated-Nece5Ytous Fund {2L9631 122501 112691 28.713 12.2501 11.2691 125A821 18841 25,194 TOTALFUMDS 25A821 25,194 Transfers MITment in fur At LL19 funds At 31.12.19 UnreArkt•d Funds Unrestrirted- General lund DesiEnated- Education Fund De5i8nated-NÈCttsU$ Fund Wr Fund 868,642 5314 3S290 14,7501 I3) 115,LTrJOI 888,932 10.564 5,217 2590 880.713 26%0 )7,303 TOTAL FUNLiS 8W.713 907,303 Comp¥att¥e net in Ifid in abm are as follw" lrtomln8 Re>)urces GnS and Movement In Ios5e5 funds Unrestricted- Geral fund De5ignated- Education Fund DeSknated44ecslts Fund 140.4521 14,7501 2?38 35.290 14,7501 39501 149.1521 2738 26590 TOTAL FUNDS 149.1521 27538 26,590 The desl8nated fvnds for Ne([15 and Educ3Eiw GTrnts in atcordants the Trust document are derived from an allLKatlon ol surplus Income after account ha5 been made fry general expendibjre, manyment (c5 et4 d 1ftent propwty and approprfate pnY4lslon for repair and refurbishment of In¥estrnent property.
THE JOHN LAm8ERTCHARm. SHEPSHED P40TESTO THE FINANCIALsfATEMEPIIS. CONTIMIED FOR THE YEAR ENDED 31 DECEMBER 2020 There vthe no related party trdrtsactlors for the ended 31 tie¢wnber 2020 w the year ded 31 Dernber2019. The carrying amount of the thartvs finantsal inStrumts are a5 foll(¥.. 2020 2019 Anancthl •ssets ttfatrVatrJethr0h IK•me*d Llsted Investments 14.951 77 The Incorne5. exp net galns net Iws attrlknlAe to the thartys finandal Iwtstruments are summarised as fdltrws: 2020 2019 Netyn5 kwe5 lindudit¥ than8es in fairTAlue) Flnancièl assets measur•Y atf•rTftluethr net ielp1[tU 1884) 1538 The ttxal dlvldend intome from financial assets thatare measured at fairvalue the income ststèment Wa5 £32512019- £428). Paee 14
APPENDIX I-GRApifs PAID FOR ThE YEARENDED 31 DecEMBEII 2(IXI Educatlon GrnThts 2910912020 G Hillier 2910912020 B Stepher LvJI2020 A Monk 0111012020 A Phdps 0711012020 Ajalota 0711012020 K Bl4d 0511112020 G ake IIIV2020 J Ddby-mo 250 The followlnggrantswere approved and pald. and were unwesented the bank at the year-end: 2110112021 J Shwk IHEJOHN LAMBERTQIAMns-SHEPSHED APPENDIX I-GRANTS PAID FOR THE YEAR ENDED 31 DECEM8ER 1019 2V07n020 A Ddm 16109n020 M Moss 2910912020 Lselby 2910912020 J Eling OUIOI2020 E Phelps Irstitution5 2211212020 Toy Librnry