THE LEYSDOWN CONSERVATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 DAVERT BANKS & COMPANY WOODLAND LODGE THE WOODLANDS ESHER SURREY Iff10 8DD THE LEYSDOWN CONSERVATION TRUST CON ENT Page Legal and Administrative Information Report of the Trustees 213 Balance Sheet Statement of Financial Activities Investment Account 619 Investment Income 10113 Notes to the Financial Statements 14115 Report of the Independent Examiner 16 THE LEYSDOWN CONSERVATION TRUST LEGAL AND ADMINISTRATIVE INFORM TIO Constitution The Leysdown Conservation Trust is a Registered Charity governed by the Trust Deed dated 24 January 2005, Charity Number 1154281. Trustees The Trustees who served during the year were as follows.. A Harding Chairman Mrs D M Rawstron Dr M MacQuity Miss C Harding Mrs J Rainbow B Rainbow Independent Examiner R T Hecquet Davert Banks & Co Woodland Lodge The Woodlands Esher, Surrey KT10 8DD Bankers C Hoare & Co 37 Fleet street London EC4P 4DQ Solicitors Smyth Barkham LLP 1 Mitre Court Buildings Inner Temple London EC4Y 7BS THE LEYSDOWN CONSERVATION TRUST REPORT OF THE TRUSTEES- 1 OR THE YEA ENDED 5 APRIL 2024 The Trustees are pleased to present their Report together with the Financial Statements of the Charity for the year ended 5 April 2024. Legal and Administrative information, set out on Page 1, forms part of this Report. The Financial Statements comply with current statutory requirements and the Statement of Recommended Practice - Accounting and Reporting by Charities. 1. Objectives and Activities The objects of the trust are the promotion and encouragement of the conservation, improvement and protection of the Countryside especially in Sussex, for the public benefit. 2. Achievements and Performance The Trustees own Leysdown Cottage, Butchersfield Lane, Hartfield, TN7 4LB and the surrounding land. In July 2016 they entered into a five year agreement with the Sussex Wildlife Trust (registered charity number 2070051 to fund the Vera Dalley Lederman Scholarship and Environmental Training Programme with a separate five year lease of Leysdown Cottage to provide accommodation for the trainees awarded the scholarships. Leysdown Cottage was refurbished to make it suitsble for use by the trainees and the Sussex Wildlife Trust appointed the first three trainees in July 2016. Any further projects were to be the subject of separate agreements. When the original agreement and lease expired in 2021, they renewed for a further years to July 2023. The arrangements have been renewed during the year with a ten year lease expiring 10 July 2033 (with a break date at five years) and concurrent funding agreement Eleven trainees have now completed the programme and all have obtsined employment in the conservation sector The Trustees are confident that the relationship with the Sussex Wildlife Trust fulfils the public benefit test. 3. Financial Review Dr V M Dalley Lederman, the Settlor of the Charity, died on the 21 July 2012 and under her Will bequeathed a legacy to the charitable trust of £500,000 together with the freehold propety and land, Leysdown Cottage, Hartfield, Sussex TN7 4LB. During the year ended 5 April 2016, the trustees received a further capital legacy of £1,000,000 and an income legacy of £20,947 from the Executors of Dr V M Dalley Lederman. During the year ended 5 April 2017, the trustees received a final capitsl legacy of £112,866 and an income legacy of £276 from the Executors of Dr V M Dalley Lederman. It is anticipated that the trust income will be taken in its entirety in the early years in the refurbishment of Leysdown Cottage and making the annual payment to support the Vera Dalley Lederman Scholarships and Environmentsl Training programme. In the event of a shortfall, the trustees have recourse to expendable reserves which at the 5 April 2024 amounted to £1,819,456 including investments. THE LEYSDOWN CONSERVATION TRUST REPORT OF THE TRUSTEES- 2 FOR THE YEAR ENDED 5 APRIL 2024 4. Structure, Governance and Management This infomats'on is set out on page 1. New Charity trustees are appointed by a majority of the existing trustees. 5. Reference and Administr8tive Details This information is set out on page 1. The trustees usually meet at least once a year. A chairman is appointed by th6 trustees to manage the day-to-day operations of the charity and keep the other trustees fully informed. Leysdown Cottage and the surrounding Land owned by the trust is registered at the Land Registry in the names of Anthony Harding and Diana Rawstron on Trust for The Leysdown Conservats'on Trust. Approved by the Trustees and signed on their behalf by A Harding - Chaiman THE LEYSDOWN CONSERVATION TRUST BALANCE SHEET AT 5 APRIL 2024 Note 2024 2023 Heri eAs et Freehold Property and Land: . Leysdown Cottage Hartfield, Sussex TN7 4LB 750,000.00 £ 750,000.00 Fixed A Investments - pages 619 1722 310.00 1635,104.00 2 472 310,00 2 385 104.00 Current A sets Cash at Bank.. Smyth Barkham LLP Client Account at C Hoare & Co Funds held by Quilter Cheviot 41,808.33 58 526.50 49,872.32 50 682.05 100,334.83 100,554.37 Liabilities.. Amounts falling due for payment within one year 3 189.00 3 962.40 Net Current Assets 97 145.83 96 591.97 Net Assets £ 2569455.83 £ 2481695.97 Unrestricted £ 2569455.83 £ 2481695.97 Approved by the Trustees on the 29 July 2024 and signed on their behalf. A Harding THE LEYSDOWN CONSERVATION TRUST STATEMENT OF FINANCIAL ACTIVITIES R THE YEAR ENDED 5 APRIL 2024 Unrestricted Funds Total Year Ended 5 April 2024 Total Year Ended 5 April 2023 Income from.. Investments - pages 10113 Deposit Interest 46,666.03 £ 46,666.03 £ 2 022.93 2 022.93 43,848.07 743.62 Total 48688.96 £ 48688.96 £ 44 591.69 Expenditure on.. Raising Funds Sussex Wildlife Trust 5,332.48 32,500.00 5,332.48 32,500.00 5,548.08 30,000.00 Other Expenditure Property Expenses Independent Examiner's Fee Professional Charges 6,264.00 2,520.00 2,469.60 6,264,00 2,520.00 2 469.60 7,950.00 2,520.00 1772.40 Total Resources Expended 49 086.08 49 086.08 47 790.48 (Expenditure) I Income before Investments 397.12) { 397.12 ){ 3,198.79) Net (Losses)IGains on Investments pages 619 Realised Unrealised 2,399.99) ( 90 556.97 2,399.99 ) ( 99 556.97 { 8,687.83) 138 777.84) Income l (Outgoings) 87,759.86 87,759.86 { 150,664.46) Fund Balance brought forward 2 481,695.97 2 481695.97 2 632 360.43 Fund Balance carried forward £ 2569455.83 £ 2569455.83 £ 2481695.97 8 8 8 I I I 8 8 8 8 8 8 8 8 8 8 8 8 8 - xir)ccrpULn oJ(w 8 8 8 8 8 8 8 8 8 8 (IJQ CL¢D(n è£&oQ) è èth(U