THE LEYSDOWN CONSERVATION TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 DAVERT BANKS & COMPANY WOODLAND LODGE THE WOODLANDS HER SURREY KT10 8DD
THE LEYSDOWN CONSERVATION TRUST NTENT Page Legal and Administrative Information Report of the Trustees 213 Balance Sheet Statement of Financial Activities Investment Account 619 Investment I ncome 10113 Notes to the Financial Statements 14115 Report of the Independent Examiner 16
THE LEYSDOWN CONSERVATION TRUST LE AND ADMINISTRATIVE INF RMATION 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 Mrs D M Rawstron Dr M MacQuitty Miss C Harding Mrs J R8inbow B Rainbow Chairman 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 R THE YEAR ENDED 5 APRIL 2025 The Trustees are pleased to present their Report together with the Financial Statements of the Charity for the year ended 5 April 2025. 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 conseNation, 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 207005) to fund the Vera Dalley Lederm8n Scholarship and Environmentsl Training Programme with a separate five year lease of Leysdown Cottage to provide accommodation for the trainees awarded the scholarships. Leysdown Cotlage was refurbished to make it suitable 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. Thirteen trainees have now completed the programme and all have obtained employment in the conservation sector Having reviewed the success of the programme with the Sussex Wildlife Trust each year , the Trustees have been pleased to continue the arrangements with a further lease expiring on 10 July 2033{ with a break date at five years } and concurrent funding agreement The Trustees are confident that the relationship with the Sussex Wildlife Trust fulfils the public benefit test. 3. FlnanGlal Revlew 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 property 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 capital 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 fully utilised in the refurbishment of Leysdown Cottage and making the annual payment to support the Vera Dalley Lederman Scholarships and Environmental Training programme. In the year ended 5 April 2025, there was net income of £1,972 before Investments. The trustees have recourse to expendable reserves which at the 5 April 2025 amounted to £1,734,417.84 including investments.
THE LEYSDOVIN CONSERVATION TRUST REPORT OF THE TRUSTEES- 2 R THE YEAR ENDED 5 APRIL 202 4. Structure, Governance and Management This information is set out on page 1. New Charity trustees are appointed by a majority of the existing trustees. 5. Reference and Administrative Details This information is set out on page 1. The trustees usually meet at least once a year. A chaiman is appointed by the 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 Conservation Trust. Approved by the Trustees and signed on their behalf by A Harding - Chairman
THE LEYSDOWN CONSERVATION TRUST BALANCE SHEET AT 5 APRIL 2025 Note 2025 2024 Herita Freehold Property and Land.. - Leysdown Cottage Hartfield, Sussex TN7 4LB 750,000.00 £ 750,000.00 Fixed Ass Investments - pages 619 1639 567.00 1722,310.00 2 389 567.00 2 472 310.00 Current Asse Cash at Bank.. Smyth Barkham LLP Client Accounts at C Hoare & Co Funds held by Quilter Cheviot 60,629.49 37 101.35 41,808.33 58 526.50 97,730.84 100,334.83 Liabilities.. Amounts falling due for payment within one year 2 880.00 3 189.00 Net Current Assets 94 850.84 97 145.83 Net Assets £ 2484417.84 £ 2569455.83 Fund Unrestricted £ 2484417.84 £ 2569455.83 Approved by the Trustees on the 25 July 2025 and signed on their behalf. A Harding
THE LEYSDOWN CONSERVATION TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 202 Unrestricted Funds Total Year Ended 5 April 2025 Total Year Ended 5 April 2024 Income from: Investments pages 10113 Deposit Interest 49,061.73 £ 2 606.22 49,061.73 £ 2 606.22 46,666.03 2 022.93 Total 51667.95 £ 51667.95 £ 48 688.96 Expenditure on: Raising Funds Sussex Wildlife Trust 5,735.53 40,000.00 5,735.53 40,000.00 5,332.48 32,500.00 Other Expenditure Propety Expenses Independent Examiner's Fee Professional Charges 6,264.00 2,520.00 2 469.60 2,520.00 1440.60 2,520.00 1440.60 Total Resources Expended 49 696.13 49696.13 49 086.08 Income l (Expenditure) before Investments 1,971.82 1,971.82 ( 397.12 > Net Gains l (Losses) on Investments - pages 619 Realised Unreallse 16,425.26 103 435.07 ) ( 16,425.26 ( 103 435.07 ) 2,399.99) 90 556.97 (Outgoings} I Income 85,037.99 ) { 85,037.99) 87,759.86 Fund Balance brought forward 2 569 455.83 2 569 455.83 2 481695.97 Fund Balance carried forward £ 2484417.84 £ 2484417.84 £ 2569455.83
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THE LEYSDOWN CONSERVATION TRUST INVESTMENT INCOME - 1 FOR THE YEAR ENDED 5 APRIL 2025 Dividend Paid UK Dividends Astrazeneca PLC 125 Ordinary Shares Barclays PLC 3,250 Ordinary Shares BP PLC 800 Ordinary Shares Compass Group PLC 300 Ordinary Shares Diageo PLC 275 Ordinary Shares Experian PLC 300 Ordinary Shares GSK PLC 320 Ordinary Shares Haleon PLC 870 Ordinary Shares Halma PLC 150 Ordinary Shares HSBC Holdings 1,750 Ordinary Shares Intermediate Capital Group PIC 585 1135 Ordinary Shares Legal & General PLC 1,750 Ordinary Shares Lloyds Banking Group PIC 10,000 Ordinary Shares London Stock Exchange PIC 45 Ordinary Shares M&GPIc 4,335 Ordinary Shares Mercantile Inv Trust PLC 3,600 Ordinary Shares National Grid PLC 500 1645 Ordinary Shares Octopus Renewables Infra PLC 18,000 Ordinary Shares Prudentl81 PLC 460 Ordinary Shares Reckitt Benckiser Group PLC 100 Ordinary Shares Relx PLC 275 Ordinary Shares 307.00 273.00 193.64 142.86 218.02 143.44 195.20 53.94 33.30 1,130.18 346.73 361.03 290.00 54.14 858.33 280.80 297.77 478.66 76.16 196.30 165.00 Car Forwar 6,095.50 10-
THE LEYSDOWN CONSERVATION TRUST INVESTMENT INCOME - 2 FOR THEY R ENDED APRIL 2025 Dividend Paid UK Dividend Brou ht Forward 6,095.50 Rio Tinto PLC 250 Ordinary Shares Segro PLC 600 Ordinary Shares Shell PLC 480 Ordinary Shares Smith (DS) PIC 1,145 Ordinary Shares Tesco PLC 1,263 Ordinary Shares 31 Group PLC 425 145 Ordinary Shares TR Property Inv Trust PLC 5,200 Ordinary Shares Unilever PLC 115 Ordinary Shares United Utilities Group PLC 400 Ordinary Shares 845.00 54.60 517.96 137.40 157.88 160.36 816.40 170.28 132.76 9 088.14 sln Interest Paid Allianz UK Gilt Yield I Inc 36,700 Shares Octopus Renewables 18,000 Sharos Premier Milton 27,250 Shares Royal London Sterling Credit Inc Z 29,650 124,700 Shares UK 0.875% 22.10.2029 £45,000 UK 4.750h 07.12.2042 £14,500 UK 1.75% 22.07.2047 £25,500 1,772.33 604.94 434.05 1,841.53 196.88 326.25 191.25 5 367.23 11
THE LEYSDOWN CONSERVATION TRUST INVESTMENT INCOME - 3 FOR THE YEAR ENDED 5 APRIL 2025 UK Units Trusts Dividend Paid IAccumulated Baillie Gifford Japanese Inc Growth 7,200 Ordinary Shares BlackRock Cont Euro Inc 11,600 Ordinary Shares Fidelity Asia Pacific 5,300 Shares J P Morgan Emerging Markets 10,775 Shares M & G Japan Sterling 7,200 Shares Mayfair Propety Inc Trust for Charities 29,894.62 123,000 Shares Premier Milton European Opps 7,000 Acc Shares Thesis Climate Asset B Inc 481,121.63 Shares 210.24 753.53 96.45 173.48 121.40 1,217.00 94.06 26 050.33 28 716.49 Pro ution Segro PIC 600 Shares 114.60 For n Dividend Gross Tax Received Allspring (LUX) World Wide Fund 195 Shares Fidelity US Quality Income 7,650 Shares International Public Partnership 13,000 Shares I Shares 111 Real Estate 860 Shares Roche Holdings AG 40 Shares 648.66 648.66 1,178.22 1,178.22 1,072.50 1,072.50 53.58 53.58 340.50 119.17 221.33 Veritas 10 Shares 54.86 54.86 3 348.32 £ 119.17 3229.15 12-
THE LEYSDOWN CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS - 1 FOR THE YEAR ENDED 5 APRIL 2025 ntin Policies (a) Basis of Preparation The Financial Statements have been prepared in accordance with the Statement of Recommended Practice applicable to Charities in accordance with the Financial Reports'ng Standard in the UK and Republic of Ireland {FRS102). (bl Fund Accounting Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. (c) Incoming Resources All Incoming Resources are included in the Statement of Financial Activities when the Charity is legally entitled. (d) Resources Expended All Expenditure is accounted for on an Accrual basis. rita e Ass The Trustees consider that Leysdown Cottage and the surrounding land is a Heritage asset. The propety and land has scientific and environmental qualities and is maintained by the trustees for its contribution to knowledge and culture. As stated in the report of the trustees, the trustees have entered into an agreement with the Sussex Vmldlife trust under which that trust is responsible for the management and conserwation of the property and land. Access to the property and land is through educational programmes organised by the Sussex Wildlife Trust. The propety and land is stated at the valuation when donated to the Charty. Fixed Asset Revaluations Investments are stated at Market Value on the 5 April 2025. 14-
THE LEYSDOWN CONSERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS- 2 FOR THE YEAR ENDED 5 APRIL 202 2025 2024 4. Liabiliti Liabilities.. Amounts falling due for Payment within one year Independent Examinerfs Fee 2,520.00 2,520.00 Professional Charges 360.00 669.00 2 880.00 £ 3 189.00 Trus s Remuneration The Trustees neither received, nor waived any emoluments during the year, (2023124 £Nil} No Expenses were reimbursed to the Trustees during the year, (2023124 £Nil) During the year, a charge of £ 1,440.60 was made by Smyth Barkham LLP for Administration Services, (2023124 £ 2,469.60) Mrs D M Rawstron, a Trustee of this Charity, is a Consultant at Smyth Barkham LLP -15-
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the accounts of the Charity for the year ended 5 April 2025, which are set out on pages 4 to 15. Respectlve responslbilltles of governors and examiner The charity's trustees consider that an audit is not required for this period {under section 145{1) of the Charities Act 2011) (the Act), and that an independent examination is needed. It is my responsibility to Examine the accounts (under section 145 of the Act), To follow the procedures laid down in the General Directions given by the Charity Commission (under section 154 of the Act), and To state whether particular matters have come to my attention. Bas18 of Indepondent oxamlnerf8 Statement My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. Independent examlnevs statement In the course of my examination, no matter has come to my attention. which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that: proper accounting records are kept in accordance with the Act. accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act- or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. R T Hecquet FCA Chartered Accountant Davert Banks & Co. Woodland Lodge The Woodlands Esher, Surrey KT10 8DD 5Au ust 2025 -16-