THE LAYZELL BURES CHARITY COMPANY LIMrrED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 REGISTERED CHARITY NO: 1125614 COMPANY NUMBER 06661482 MOORE GREEN CHARTERED ACCOUNTApirs SUDBURY SUFFOLK
THE LAYZELL BURES CHARITY CONTENTS PAGE Legal and administrative information Report of the trustees Independent Examinerfs Report Stslemenl of Financial Activities Statement of Financial Position Notes foming part of the financial stslements 6-10
THE LAYZELL BURES CHARI TRUSTEE'S ANNUAL REPORT INCORPORATING THE DIRECTOR'S REPOR YEAR ENDED 30 SEPTEMBER 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 3tith September 2024. Reference and adminislrntive details Registered charlty name The Layzell Bures Charity Company Number 06661482 Charity Number 1125614 Principal Offlce 45 CambTtdge Road Colehester Essex C03 3NR Registered Office 22 Friars Street Sudbury. Suffolk. C010 2AA Dlrectors & Trustees Geoffrey William Challacombe David Gainsford Jackson hley Cooper Company Secretary Moore Green Limited Accountsnts Moore Green Chartered Accountant 22 Friars Street Sudbury Suffolk C010 2AA Page 1
THE LAYZELL BURES CHARITY TRUSTEE'S ANNUAL REPORT INCORPORATING THE DIRECTOR'S REPOR YEAR ENDED 30 SEPTEMBER 2024 Governing document The organisation is a charitable company limited by guarantee. incorporated on 31st Juty 2008 and registered as a charity in August 2008. The Company was established under a Memorandum of Association which established the objects and Powe of the charitable company and is govemed under tts Articles of Association. Irs the event of the company being wound up, the members are required lo contribute an amount not exceeding £1 Operational Structure The Charity operates through Trustees supported by a professionally qualffied administrator. RegulaT reports are reiVed by the Trustees and acted on appropriately. Rgcruitment and Appointment of the Board of Tte$ New Tnjsiees will be appointed as and when needed in line wth the charitys objeebves. Risk Management Suitable pro¢edures are in for to minimise perceived risks. Such procedures are reviewed annualty. Objectives and activities The charÉty's objects and prinapal adivities are the support of young persons setting out in farming who are in need. and relief of unemployment by". The provision of loans for the purchase of famiing equipment The provision of training of such persons in agriculture and fam managemenL and The provision of fami land upon lemis appropriate to their needs. A¢higvement and perfomiancg Birches Fami was suetsssfully re-let to a couple who had narrowly missed out on a tenancy last year. The Trustee's task in choosing beNveen excellent applicants seems lo be more difficult each year. Our Administratorwas kept busy over queries rangingfrom the ownership of Base Reference Data to the 8lleviAtinn of flooding at Hedingh8m Road. Bulmer. In this case. at an authorised expense of about £3.885 the Trustees acted as good neighbours and cured the problem without the necessity of deciding actual liabilityforthe f looding. Following a special meeting lo discuss Ihe principle of a proposed development on some of our land, in late Julythe Trustees flew to Scotland to view three BESS sites varyingfrom. in the course of construction. to a complete working site. Subject to our stringent requirements concerning noise and visual abatement. the Trustees were agreeable to taking the matter one step further and at the date of this Report. Heads of Terms are being negotiated. Flnanclal Review A spreadsheet and cash-flow forecast are updated on a quarterty basis and any sh3nnScanl changes reported to the d1ClOr$ who act accordingly. Reservgs Policy There is no formal reserves policy bul as the rental income far exceeds any nonnal e>penditure there are always sufficient financial reserves on both short and long term deposit lo meet any likely shortfall from defaull by our tenants. The cash-ffow projection is updated regularty to ensu thi5 positson remains. Small Company provlslons is report has been prepared in accordan the provisions applicabte to companies entiued to the small panies exemption. Th lees, annual reportwas approved on .......... ........ . and s[qrd on behalf of the board of trustees by.. Director Page 2
THE LAYZELL BURES CHARI INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES YEAR ENDED 30 SEPTEMBER 2024 I report lo the charity trustees on my examination of the accounts of the company for the year ended 30th September 2022 which are set out on pages 4 to 10. Responsibilities and basis of report As the charity Iruslees of the company land atso its directors for the purposes of company lawl you are responsible for the preparation of the acGounts in accordance the requirements of the Gompanies Act 20C6 I'the 2006 Acl"l- Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 {"the 2011 ACV,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 1451511bl of the 2011 Independent Examinerfs Statement I have completed my examination. I confirm that no matters have come to my attention in connection the examination giving me Gause to believe that in any material iespeGL accounting records were not kept in respect of the company as required by section 386 of the 20C6 Act.. or the accounls do not accord with those records.. or iii) the accounts do not comply wlh the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair vievl which is not a matter considered as part of an independent examination. or iv) the accounts have not been prepared in accordan with the methods and principles of the Statement of Recommended Practi for aunts.ng and reporting by charibes I have no COnrnS and have come across no other matters in connection with the examinatton to which attention should be drawn in this pOrt in order to enable a proper understanding of the accounts to be reached. Signed.. Name.. Nicholas Fa Address: Moore Green Chartered Accountants 22 Friars Street Sudbury C010 2A4 Date.. Page 3
THE LAYZELL BURES CHARITY STATEMENT OF FINANCIAL ACTMTIES includin income & ex nditure account YEAR ENDED 30 SEPTEMBER 2024 Unrestrlcted Restricted Funds Funds Total 2024 Notes 2023 INCOMING RESOURCES: Income and endowments Donations and legacies Charitable activities Inveslm&nt income 21140 4489 21140 4489 21223 1627 Total incomin9 resources 25629 25629 22850 EXPENDITURE: Expenditure on charitable activities 41748 41748 32125 Total expendlture 41748 41748 32125 NET INCOMEIIEXPENDITUREI AND NET MOVEMENT IN FUNDS (16119) (16119) 19.275) RECONCILIATION OF FUNDS Total fvnds brought forward 1876392 1876392 1885667 Totsl funds carried for*ard at 1860273 1860273 1876392 The stslement of financial activities includes all gains and l¢)sses recognised in the year. Al income and expenditure derive from continuing ath)s. Page 4
THE LAYZELL BURES CHARITY STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2024 Note5 2024 2023 FIXED A$ss Tangible fixed a$5ets 12 1715901 1734759 CURRENT ASSETS Debtors 13 3705 232 Cash al bank and in hand 143655 144897 147360 145129 TOTAL ASSETS 1863261 1879888 CREDITORS Amounts falling due within 1 year 14 2988 3496 NET CURRENT ASSETS 144372 141633 NET ASSETS 1860273 1876392 FUNDS Restricted 15 Unreslricled 1S 1860273 1876392 1860273 1876392 For the year endlng 30th September 2024 the chanty wa5 entrtled to exemption trom audit under section 477 of the Companies Act 20C6 relab.ng to companies. Trustees responsibilittes= The shareholders have not required the charity to obtain an audit of its finanryal statements for the year in question in accordance with section 476.. The trustees acknowledge their responsibilities for complying wth the requirements of the Act respect to accounting records and the preParatn of financial ststements. These financial staternents have been prepared In accordance the provIsnS appIlb lo CoMpanS subject to the small companies regime. The nancial statements were approved by the board of trustees and authorised for issue on ................. ............ igne half of the board by= Mr G W Challacombe Dlrector The notes on pages 6 10 10 fomi part of these accounts. Page S
THE LAYZELL BURES CHARIT NOTES FORMING PART OF THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 1. GENERAL INFORl•lATION The charity is a private company limited by guarantee. registered in England and Wa5 and a registered charity in England and Wale$. The address of the registered Offi is 22 Friars Street. Sudbury. Suffolk C010 2A4. 2. STATEMENT OF COMPLIANCE These financial statements have been prepared in mplIance with FRS 102. The Financial Reporbng Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practi applicable lo charities preparing their aUnts in accordan with the Finanual Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102) (Charittes SORP (FRS 1021) and the Charities Act2011. 3. ACCOUNTING POLICIES 3.1 Basis of preparation The finanrjal statements have teen ppared in accordance wilh Accounting and Rewb"ng by Charitie5.' siatement of Recommenae(J Practi applicable io chaniies prepanng meir accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20151- (Charities SORP {FRS 10211. the Financial Reporting Standard applicable in the UK and Rapublic of Ireland {FRS 1021 and the Companies 2006. 3.2 Golng Concern There are no material uncertainties about the chantls ability to Continue. 3.3 Fund accounting Unieslricled funds are available for use at the diSCon of the trustees to further any of the chariws purposes. Designated funds are unrestricted funds earmarked by the trustees for parlicular future project or commilmenL Restricted funds are subject to restrictions on their expendrture declared by the donor or through the temis of an appeal. and fall into one of sul>classes: restricted income funds or endowment funds. 3.4 Incoming resources AJI incoming resources are included in the statement of financial activities when entitlement has passed to the charity-, it is probable that the economic benefits associated wth the Iransacknon wll flow to the charity and the amount can be reliabty measured. The folloY4ing speCff policies are applied to particular categories of income. income from donations or grants is recognised when there is eVKIen of entlernent to the grft, receipt 15 probable and ils amount can be measured reliably. legacy income is recognised when the reeeipl is probable and entiuement is established. income from donated go¢)Is is measured al the fair value of the goods unless this is impractical lo measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilitles and serViS are recognlsed in the accounts received rf the value can be reliably measured. No amounts are included for the contrib¥Jtion of general volunteers. income from contracts for the supply of serviS is recognised with the delivery of the contracted servKe. This is classrfied as unrestricted funds unless there is a contraciual requirement for il to be spent on particular purpose and retumed if unspen( in whith case il may be regarded as restricted. Page 6
THE LAYZELL 8URES CHARI NOTES FORMING PART OF THE FINANCIAL STATEMENTS CONTINUED YEAR ENDED 30 SEPTEMBER 2024 3.5 Resources expended Expenditure is recogni$ed on an accruals basis as a liability is incurred. Expenditure indudes any VAT which cannot be fully recoVed. and is dassified under headings of the stsiement of finanaal activf(ies to which il relates.. expen¢Jllure on raising funds inctudes the cost of all fundraising activities, events. non-charitable trading aclivilies, and the sak of donated goods. expendilure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating lo the governan of the charity apportioned to charilable actNities. • other expenditure includes all expenditure that is neither relaled to raising funds for the ¢hanty nor part of 11$ expenditure on charitable activiliÈs_ AJI costs are allocated to expenditure categories reflecting the use of the resour. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned befven the activities they contribute to on a reasonable. justffiable and consistent basis. 3.6 Tangible Assets Tangible a$5ets are initialty reeorded at cost. and subsequenuy stated al cost less any accumulated depreciation and impaimenl losses. Any tangible assets carried at revalued amounts are recorded al the fair value at the date of revaluation loss any subsequent accumulated deprcciation and subsequent accLtmulaled impaimient losses. An increase in the Carrying amount of an asset as a result of a revaluab"on. is Tecognised in other reeognised gains and losses. unless it ieverses a charge for ImpalmnI that has previously been cognised as expenditure within the ststemenl of financial activilies. A deerease in the carrying amount of an asset as a result of revaluation. is recogni5ed in other recognised gains and losses. expt to which it offsets any previous revaluab.on gain. in which case the loss is shown wthin other recognised gains and losses on the statement of ffinanctal activities. 3.7 Depreclatlon Depreciation 1$ calculated so as to wrFte off the cost or valuation of an asset. S its residual value. over the useful economic lrfe of that asset as follows- Freehold land Grain store 5% Straight line 4. LIMITED BY GUARANTEE There is no share Capital arKJ each memberfs liabilty is limited to £1 on wnding UP. 5. DONATIONS AND LEGACIES 2024 2023 Donations and grants 6. CHARITABLE ACTIVITIES 2024 2023 Rental income Wayleaves RPAJforesty commission 19358 1782 20474 749 21140 21223 Page 7
THE LAYZELL BURES CHARITY NOTES FORMING PART OF THE FINANCIAL STATEMENTS CONTINUED YEAR ENDED 30 SEPTEMBER 2024 7. INVESTMENT INCOME 2024 2023 Interest receivable 1627 . TOTAL RESOURCES EXPENDED 2024 2023 Insurance Estate management Legal & Professional Accountancy General expenses Salaries Bank charges 2413 2199 979 6100 1235 1495 1084 2043 62 188J8 306 Depreciation Repairs VAT interest 18858 9724 41748 32125 9. EXPENDITURE ON CHARITABLE ACTiwnES BY ACTJvrrY TYPE Activibe5 undertaken Support directty Costs Total Funds 2024 Total Funds 2023 ChaiitablE expenditure Governan Costs 40253 40253 1495 30890 1235 1495 40253 1495 41748 32125 10. NET INCOMEIIEXPENDITUREI Nel incomel{exp8nditurel is slated after chargingl{¢reditingl: 2024 2023 DepreatiOn of tangible fixed assets 18858 18858 11. INDEPENDENT EXAMINATION FEES 2024 2023 Fees payable to the independenl examiner for. Independent examination of the financial statements 1495 1235 Page 8
THE LAYZELL BURES CHARITY NOTES FORMING PART OF THE FINANCIAL STATEMENTS CONTINUED YEAR ENDED 30 SEPTEMBER 2024 12. TANGIBLE FIXED ASSETS Freehold Land and Buildin Total COST At 1 October 2023 1892703 1892703 Additions Disposals At 30 Seplewnber 2024 1892703 1892703 DEPRECIATION Al 1 October 2023 157944 157944 Charge for year 18858 18858 Disposals At 30 September 2024 176802 176802 NET BOOK VALUE At 30 September 2024 171 $901 1715901 Al 1 October 2023 17347S9 1734759 13. DEBTORS 2024 2023 Tiade debtors Prepayments and accwed income VAT 3473 232 232 3705 232 14. CREDITORS- amounts falling du8 within ong year 2024 2023 Accruals and deferred income VAT 1350 1638 1350 2147 2988 3497 Page 9
THE LAYZELL BURES CHARITY NOTES FORMING PART OF THE FINANCIAL STATEMENTS CONnNUED YEAR ENDED 30 SEPTEMBER 2024 15. ANALYSIS OF CHARITABLE FUNDS Unrestricted Funds At 0111012023 At nditure Trnnsfers 3010912024 Income Unrestricted Funds 1876392 25629 41748 1860273 Restricted Funds At 0111012023 At nditurg Transfers 3010912024 Income Restricted funds 16. ANALYSIS OF NET AssEfs BEnNEEN FUNDS Unrestricted Restricted Total Funds Funds Funds 2024 Tangible fixed assets Net current assets 1715901 144372 1715901 144372 1860273 1860273 Page 10