Langdale Trust Annual Report and Financial Statements Year ended 30 November 2024 Charity number .' 215317 Feltons Chartered Aocountants Birmingham B1 3JR
Langdale Trust Report and financial statemgnts Year ended 30 November 2024 Contents Page Reference and 8dminislr*live details Report of the trusle&s Independent Examiner's report on the financi41 staiemenls Statement of financial activities Balance sheet Notes forming part cl the financial slalements. incorporating.. Statement of accounling polictes Other notés to the financial statements 12
Langdale Trust Rèftrenee and Adminlstrative Detalls For the year ended 30 November 2024 Trustees hAr T R Wlson Ms T M Wilson Mr J Elvin Ms N Rieley Secretary Ms J Hobday Principal office and solicitors Veale Wasbrou9h Vizards LLP PO Box 3501 Bristol BS2 2FL Charity number 215377 Independent examiner Feltons 8 Sovereign Court 8 Graham Streel Bimingham B13JR Bankers Lloyds Bank PIC We5trninster House Branch Epona House Pheonix Vvay Swansea SA7 9HG stockbrokers and investment advisèrs EFG Harris Allday 33 Greai Charles Street Birmingharn B3 3JN Gore Browne Investment Management Delta House 12B Nlxth Park Road North Yorkshire HG1 5PG Fundament Limited 58-60 Berners stet London W1T 3NQ LGT Wealth Management Minerva House 29 Eagl Paradg Leeds LS15PS Page 1
Langdale Trust Trustees. Report For the year ended 30 November 2024 The Trustees present IheS1 annual report together with thé financi31 statements ol Langda Trust for the year ended 30 November 2024. The financial 51alemenls have been prepared in acwrdance wllh the accounting policies sel out in note 1 to the accounts and comply with the Trust's governing document, the Charities Act 2011 and Accounting and Reporty'n9 by Charities.. Statement of Recommended Practs"ce applicable lo charities preparing their 8GGounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland published October 2019. OBJECTIVES AND ACTIVITIES Pollc5es and objectives Under the Trust's governing document, the Trustees 17ave wide powers ol investrnent lo apply the TrJst Fund ID charitable institutions or for other charitable purposes within the United Kingdom as the Trustees in Ihelr absolute discrelion think fil from b'me to time. The Trustees have consistently followed su¢h tertn5 since the Trust was founded and this is confirmed in the Trusfs grant making policy. In shaping the Trust's objectives for the yè3r, planning ils activities. and reviewin9 the TrusV5 grant making policy, the Trustees have considered the Charity Commission's guidance on public benefit. The TrLJStees have monitored the progress ol investments lo ensure that tho Trust15 In a position to achieve ts objeclNes. Aetivities for achievin9 objectlves The Trustees have made grants in the year totalliftg £140.000 (2023.. £135,0001 lo various charitable inslilulior)s in furtherance of the above obje¢ls. ACHIEVEMENTS AND PERFORiUtANCE Investment policy and performance Historically. the investments have been in modest or medium rlsk sacurllies selected to.. {al give a sufficient financial retum to enable the Trust to carry out its purptsses effectivety and without disruption,. maintsin. or il possible, enhance the capital value of the investments funds and income derived therefrom in re81 terms.. (cl obtain a reasonable balance beNveen capital growth and income so that the Trust can ryel future as well as ¢urrenl needs", and Idl avoid inveslmenls that are unduly risky. Ibl The Trust's investmen15 have performed salislaclorily against thi5 policy This investment policy is revlewed annually by the Trustees with the investment advisors and in line with Charity Commissi(x guidance. During the course of the year, and following financial advice taken from Berry & Oak. the Trustee5 have diversified the imeslmenl portfolio by appointing four Inve51menl managers to manage discrete investment pois, each with its own objectives and parameters. Pa9e 2
Langdale Trust Trustees. Report l¢onlinu•dl For the year ended 30 November 2024 To introduce further diversih'calion lo the Tmsl fund by spreading the investmenls across four inveslrnenl managers taking dislincl investment approaches. Relying on olle investment manager, following one investment strategy and risk mandate. lo manage a large poilfolio, opens the Trust fund up lo unsy51emalic risk associated with that sole manager. Splitting the ILJnd between several investment Managers. each wlh a slighdy different mandatè, largeling a different level of risk, and otten a different timescale lor wheri the rnoney is needed and then blended into an overall strategy provKJe5 additional diversification that can protect the fund from a single investment manager and strategy underperforming lor a year or several Financlal revlew The 8118¢hed financial statements show the stste of the finances al 30 November 2024 which the Trustees consider to be sound. Dividends, illlerest and commission, being the Charity's total income. amounted lo £195,22512023." £187,608). Total expandilurè lor the year amounted lo £190.56112023'. £171,307). The surplus for ttte year before gains 8nd105ses was £4.66412023.' £3,69910ss1. At 30 November 2024 the nel assets of the charity lolalled £5.525,069 12023.. £5,131,162). Thi5 figvre is represented by the expendable endowment fund of £5.246,05512023." £4,877,454), an unrestriGted designaled fund (A D Wi150n Meinorial Fund) 01 £223.33412023." £232.0111 plus a general fund of £55.68012023'. £21,697). and property valued al £224,40312023". £224,403). The Trustees have included the invesltnents ol the charity at market value which 15 considered lo be the fair value on 30 November 2024, in awordance with requirements of the Stslemenl of Recornmended Pra¢tice.' Accounting and Reporting by Charities. The Trustees consider the general fund lo be the Charity's reserves, to be called upon il needed lo ensure that the Char¢ty's running costs can be mel for to three years. Owing lo the nature of the Charity's work, i.e. discretionary grant-making, the Trusteès a¢knowledge that il the Charity were ever in a position where ils investment portfolio was not producing sufficient income to make grants al the level previously made, the Trustees would have to reconsider its aclivib'es bul 8re not obliged to make a certain Ve1 of granis in any Particular yeai. STRUCTURE. GOVERNANCE ANO NIANAGEMENT Con5titutlon Langdale Trust is a charitable trust established by 3 sÈlllemenl dated 27 May 19eo Ilhe Setllementl. Thi5 Trusl was established to én8blÈ gifts lo iE made lo other charib'es. On S June 2012 the Trustees pa55ed a resolution pursuant lo Section 280 of the Charities Act 2011 to include additional adminislralive provisions in the selvement Method of appointmènt or election of trustees Trustees are appointed by existing Trustees by Oeed of Appointment The Trustees who served during the year are set out on page 1. Trustees meet annually lo oversee the govemance ol the TrusL agree the broad slolegy and areas ol aclwity for the Trust including Consideration of gianl-making, reseives and risk management, policies and perforrn3nce. More lately the Trtsslees have mel virtually in line with Charity Commission guidance. On 23 July 2021, the Trustees passed a resolution pursuant lo Section 280 of the Charities Act 201110 include provisions that rmit electronic meetings lo be held. Page 3
Langdale Trust Trustees, Report Icontinuedl For the year ended 30 November 2024 Day-lo-day management of the Trust's investments Is delegated to the investment advisor5 on a discretionary investrnenl managed basis. The Tru51ee5 annually review the slalemenl ol investment policy whlch governs the discretnary parameters. Day to day adminislralion is delegated lo the Trusté8's solicilors. Veale Wasbrough Vizards. The TtU51ees are developlng an induction pack for new Trustees and keep training needs under review. The Trustees assess applications and award grants in line with their grant making policy. Risk management There are no major risks identified by the Trustees, though the Trustees are awaie that the majority of the Tru515 investments are subject lo variations iri the stock market lo whi¢h the Trust is exposed. ThB5e iisks are reviewed annually by the Trustees with the investment advisors who monitor the non-property Inveslmenls. The Truslees also review the Tru51'5 property portfolio with advisor5. The Trustees receive details ol seminars on rnallers affecbng charities to assess them in meeting their training needs. The Trustees maintain appropriate insurance cover. FUTURE DEVELOPMENTS The Trustees plan to continue the Trust's exisb'n9 activities, whilst monitoring investment markets. TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees are responsible for pparing the Trustees, report and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Awounting Practice). The law applicable lo ¢h8rilies in England & Wales requifft5 the Trustees to prepare financial 51alements for each financial year which give a true and fair VEW ol the state ol affairs of the charity and of the incoming resources and application of resources ol the charity for that period. In preparing these Iinancial slalements, the Trustees are required lo.. select suitsble accounting policAes and then appty them consistently., observe the methods and principles in the Charitie5 SORP 2019 IFRS1021', make judgments and accounting eslirnates that a reasonable and prudent.. slate whether apPIable ac¢ounling standards have been followed, subject lo any material departures disclosed and explained in the financial statemenis., prepare the financial $talennIS on the going concern basis unless Il is inappropriate to piesume Ihal the charity will continue in operation. Page 4
Langdale Twst Trustees. R&port Icontlnuedl For the year ended 30 Novgmber 2024 The Trustees are responsible for keeplng proper accounling records that are suffiaenl to show and explain the charity's transactions and disclose with reasonab accuracy al any lime the linallcial p0511ion of the charily and enable Ihern lo ensure that the financial statements comply wllh the Charille5 Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets ol the charity and hence for taking reasonable step5 for the prevention and detection of fraud and other Irregularities. This report was approved by the Tiuslees. on 6 Jung 2025 and signed on their behalf by.. MrTRWi1son Trustee Page 5
Independent Examiner's Report to the Trustees of Langdale Trust I report to the eharily trustees on my examlnalion of the aoUnt5 of the charity for the year ended 30 November 2024 which are s£1 out on pages 7 10 17. Responslbllltles and basis of report As the ¢harills truslee5 you are responsible lor the pr8paralron of the accounts in ¥cordance wlh the requirements of the Charities Act 2D111'lhe Act'l. I report in respect ol my examination of Ihe charitys accounts earried out under section 145 of the Act and in carryirKJ out my examinali)n I have followed all the applicable DireclK)ns given by the Charity Commission Under sectio 14515llbl ol the Act, Independent èxaminer's statement Your attention is dfftwn to IhE fa¢1 that the charity has prepared the 8ccounls in accordance with Accounling and Repgrting by Charities." Statement ol Recommended Practice applicable to charih'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland r5sued in October 2019 in preference to the Accountin9 and Reporting by Charilie5.' Statement ol Recommended praCte issued on 1 April 2005 which is referred to in the extant regulations but has been wilhdrawn l understand that this has been done in order for the attounts to piovkle a true 8nd fair view in accordance with the Generally Accepted Accounting Practice elleclive lor ieporting periods beginning on or aller l January 2019 I have completed my éxamination. I confirm that no Materi matters have come to my attention in ¢onnection wlh the examination giving me cause lo believe that in any material respect.. accounting records were not kept in re5ped ol the charity as required by section 130 01 Ihe Ac(. or th8 8ccounts do not accord with those records.. or the accounts do not comply Trmth the 8pplicable quIreMentS concernin9 the fomi and content of accounts sel out in the charitr.es IAccounl$ and Reports) Regulations 2008 other than any requirement that the accounts 9ive a'lrue and fair vlew. which is not a maller considered as part ol an Independent examination. I have no concerns and have come across no other matters in connection with the examination lo which 8tlention Should be drawn in this report in order to enable & proper understanding of the accounts lo be reached. David W Farnsworth FCA For and on behalf ol Fellons Feltons Chartored Accountants 8 Sov$reign Court 8 Graham Street Birmingham B13JR •aS Page 6
Langdale Trust Statement of financial activities for the year ended 30 Novèmber 2024 Unre$tricled Endowment funds Yotal 2024 Total 2023 Ivnds Notes Incorne Investments 195.225 195.225 167,608 rotal rncome 195,225 195,225 167,608 Expenditure Costs ofraising fLfnds. Management costs Charitable aclivities." Grènts to inslitulion5 Support ¢osls 17,875 20.642 38.517 20,284 140.000 12,044 140.000 12,044 135.000 16,023 Total expenditure 169,919 20.642 190,561 171,307 Net In¢omellexpenditurel before Investment gainsll105se5 25.306 120,6421 4,664 13,6991 Nel 98inslllossesl on investments 10 389,243 389,243 1399.0561 Ngt in¢omellexp•nditurel before transfers 25,306 368,601 393.907 1402.7SSI Gros5 tran5fpr5 between funds 10 Net movernent in funds 25.306 368,601 393,907 1402.7551 Reconciliation of funds Totsl funds brought forward 10 253,708 4,877,454 5,131,162 5,533.917 Total funds Carried forward 279,014 S,246,055 5.525.069 5.131.162 All of the charity's 8ctivities derfve frorn continuing operations during the above two financial periods. Page 7
L8ngdale Trust Balancè sheet as at 30 November 2024 2024 202J Notes Fixed assets Investment properly Inve5trnenls 224,403 ,238.727 5.463,130 224.403 4,676.153 5.100.556 Current asset5 Debtors Cash at bank and In hand 29,636 39,023 68.659 433 36,621 37.054 Credrtors.. amounts fallin9 due within one year 6.720 6,448 Net current assets 61.939 30.606 Net assets 5,525,069 5,131,162 Funds of the charity: Unrestricted lun¢Js Endowment funds 10 10 279,014 5,246.055 253,708 4,877.454 Total funds 5,525.069 5.131,162 The financlal statements were approved by the board of trusteés on 6 June 2025 and were signed on its behalf by.. Mr T R Wilson- Trustee The mtes on pages 9 10 17 form part of these accounts. Pa9e 8
Langdale Trust Notes to the financial statements for the year ended 30 November 2024 1. Accountlng pollcies al General information Langdala Trust is an unincorporated charitable trust registered in England aArl Wales. The address ol the principal offi¢e is 9lven In the releFence and adtninistrative details of the chaiity on page 1 of these financial slatefflents The nature ol the Charlty's operations is to apply the Trust rund to ¢harilable instilullons Dr foi other charitable purposes wthin the Uniled Kingrlom. bl Basls of preparation of finar¥cl statements The financial statements have tseen prepared to give a 'lrue and fair, view and have departed from the Char(lie5 (Accounts and Reports) Regulations 2008 only to the exlenl required to provide a 'true and lair view,. This departure has involved followng the Accounting and Reporting by Charities,. Statement ol Recommended Pra¢tiGe applicable lo charilles preparing their accounts in a¢¢or6an¢e with the Firsan¢ial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Pracliee effective from 1 April 2005 which ha5 since been withdrawn. The financial stalefflents have been prepa in accordance with Accounting and Reportsng by Gharitieg.. Slaternent of Recommended Practice applicable to Charilles preparing thelr accounts In accordance with the Financial Reporting Standard appficable in the UK and Republic of Iland issued in October 2019 Iwith early adoption permiltedl, the Financial Reporting Standard applicable in the United Kingdorn and Republic of Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accepted Accounting P¢aclice. The charity const1leS a public benefit entity a5 defined by FRS 102. The financial ¥tOt¢ments are prepared under (he historical cost convpnlion unless olhenmise Staled in the relevant accounts'ng policy note. e} Golng concern The financlal statements have been prepared on a going conTrrn basis as the trustees befieve Ihat no material uncertainties eKisI. The Iruslees have considered the level of fund5 held and Ihe expected level of income and expenditure for a PerQd of 12 month5 fiom the dale of authori5ing these financial statements. The budgeted income and expendllure is sufficlent wllh the level of ServeS for the charity to be able to continue a5 a going conc8rn. d) Income reco9nltlot) All incomlng resources are included In the Statement ol Winancial Activities ISOFAI once the charity has entilletnent kn the income, 11 is probable that the income wll be receSved and the amount of income recelvable can be measured reliably. Page 9
Langdale Trust Notes to th9 financial statements for the year ended 30 November 2024 Icontinuedl 1. Aecountlng policie5 Iconlinuedl 81 Expenditure Tecognition All expenditure is accouni8d for on an accrua15 basis and has been classified under he8dings that aggregate all costs related lo the category. Expenditure is recognised where there Is a legal or constructive obligation lo fflak8 payments to third parties. it is probable that the selllemenl will be required and the amount ol the obligation can be measured reliably. 11 is calegoiised under the follon9 headings". Support COSts are those costs In(yJrred directly in support of expenditure on the object$ of the charity. Governance CDSts are those Incurred in connection with the adrninistration of the charity and cornpliance with constitutional and statutory requirements. Granls payable are chargèd in the year when the offer is made except in those cases where the offer is conditional. such grants being reco9nised a5 expenditure when the ¢ondib-ons allaching are fulfilled. Grants offered subiect to conditions which have not been Mel al the year end ère noted as a cofflmitment. bul not accrued as expenditure. l expenditure is Inclusive of irrecoverable VAT. f) Investments Fixed asset inveslfflenls are a form ol financial inslrL*ment and are Iniually iecogn15ed Et their transa¢lion cost and subsequently tneasured 81 fair value at the balance sheet dale. unless lair value cannot be rneasured reliably in whtch case 1115 rne8sured at ¢o$l less impairment. Investment gain$ an(1 losses. whether realised gr unreali5ed, are combined and shown in the heading 'Net Ilossesllgains on investments, in the Statement of Financial Activities. 91 Investment property Inve5trnent property is carried at fair value deterrnined annually by the Trustees and derived from Ihe current market rèrnts and Investment property yields for comparable real estate, adjusted If necessary for any difference in the nalure, location or CDndilion of the speclflc asset. No d8preGiation is provided. Changes in fair value a reco9ni$ed in the Statement of Finan¢ial Activitie5. h) Interest receivable Interest on funds held on deposit Is Ineluded when recelvable and the amount can be measUd liablY by the ¢hariiy. Thrs is normally upon notifirdlion ofihe InteSt pald or payable by the bank. il Debtors Trade and other debtors are recognised al the selllement amount after any trade discount offered. Prepayments are valuéd at the amount prepaid net of any trade discounts due. Page 10
Langdala Tiust Notes to the flnancial Statements for the year ended 30 November 2024 {continuedl l. Accounting policles l¢ontlnuEdl jl Cash at bank and In hand Cash 2¢ bank and in hand includes cash and short terin highly liquid investrnenls wth a short maturity of three months or les5 from the date of acquisllion or opening ol the deposit or Simllar account. kl Llabllltles Liabilitie5 are recognised when there is an obligation at Ihe balantre sheet dale as a result of a past event. il Is probable thal a transfer of economic benefit will be required in selllement. and the amounl of the selllement can be estimated reliably. Liabilities are recognised al the amount that the charity anticipates it will pay to sellle the debt or Ihe amount it has received as advanced payments lor the goods or se(vices it rnusl provide. Provisions are measured at the best estimate of the amounts required to sellle the oblig81ion. 11 Flnanclal Instruments The chadly only has financial asset5 and financial liabilities of a kind Ih81 qualify as tsasic Inancial instruments. Baslc financial inslfumen15 are initially recognised at Iransactson value and subsequently measured al their setllernenl value. ml Fund accounting General funds 8re unreslri¢led funds which a ovailable for use at the discretion of the Trustees in furtheiance of the general objectsves of the charity and which have not been designated lor Other purposes. Designated funds comprise unrestricted funds that have been sel 85ide by the Trustees for particular purposes. The aim 3nd use of e3ch designaled fund Is sel out in the notes to the financial slaternenls. The Endowfnenl Fund is an expendable endowment. Income generated Is to be used in furtherance of the chzrilable objectives. The fund is available lo spend al the dis¢relion of the Truslegs. n) Critical accounting estimates and areas of judgement Eslimales 3nd ju(Igemenls are ¢onlinually evaluated and sre based on historical experrence and other factors. includin9 expe¢talion5 of future events thal are believed lo be reasonable under the circumstances. rhe rosuliing ac¢ouniing as5umptiOlls 11, by definition, seldom equal the related aetu?I results. The eslimales and as$umptions that have a significant risk of causing a material adjustment to the carrylng amtsunts of assets and liabilities wilhin the nexl financial year arè Ihe valuatiori DI inve51menl property. Pa9e11
Langdale Trust Note5 to the financ131 $tal¢m*nts for the year Ènded 30 November 2024 Icontinuedl 2. Investment Incorne Unrestricted Endowment ftsnds fLinds Total 2024 rotal 2023 Income from lisled investments 195,225 19S.225 167.608 95 225 195.225 167.608 2023 total 167,608 187,608 3. Grants payable to Institutions Total 2024 Total 2023 Institutlons Age UK Group Air Ambulan¢e (Great W8slernl Blrmlnghaffl Royal Ballet Birrningham Sl MaS Hospice Birmingharn Selllemenl Bowel Cancer UK Bristol Drugs Proje British H8art Foundation Bumblebee Conservavon Trust Clean Rivers Trust C21vert Trusl Caiers UK The Corrymeela Cofflmunity Crohns and Colitis UK Deafblind UK Den7enlia UK Dodford Children's Holiday Farm Ecological Continuity Trust Future Trees Trust Galapagos Conservation Trust Healing Oog5 Ironbridge Gorge Museum Ttust Lld Kingswood Trust Maiine Con$ervath'on Trust Martin House Hospice MeiGy Ships National Trust New Biidge 4,OOD s.0 2,000 4.000 5,CQD 3,500 4,000 4,000 8,000 3,500 4,000 2.OIM) 3.000 4,000 3,000 3,000 5.000 4.000 4.Q 2,000 3,000 4,OC 2,003 4,000 4.fX)O 2.000 8,000 2,(X)O 3,WO 1.000 2,000 2,000 4,000 3,CQO 2.CQO 4.000 4,000 2,000 4.000 Carried fornvard 78.000 75,000 Pa99 12
Langdale Trust Notes to the financlal slalvments for the year ended 30 November 2024 l¢onlinuedl 3. Grants payable to institut40ns Icontinuedl Total 2024 Total 2023 grought foward 78.000 75.000 People's Irusl for endangered species Places2Bè Prisoners Abroad Rainforesl Foundation Re-cyde Relate Royal Airforce Benevolenl RNIB SASBAH Sl George'$ Youth club Slroke Asso¢ialion Survival International Surfers Against Sewage Tall Ships Youth Trust The House on Ihe Corner The Respite Assockqlion Up n, Away Warley Wood Community Trust Wildlife Trust Gweni Wildlife Trust Beds, Cambs & Northant$ YMCA ICenlral} Young Lives Vs Cancer 4.000 2,WO 3.000 4,000 4,000 3,CQO 4,000 4,000 4,000 2.000 4,000 4,000 4.000 4,OOQ 4.000 4,000 4,000 7,500 4,000 4.0 5.000 2.000 3.000 2,000 4,000 5,000 7,500 3,000 4.000 4.000 4.000 Total 140.wo 135,000 Total number of grant5 41 34 Page 13
Langdale Trust Notes to the finanelal statements for the year endèd 30 Nov8mber 2024 (continued} 4. Analysis of 5UPPOrt cost5 Unrestrlcied Endowment funds funds Total 2024 Total 2023 Indendent examination fee Legal and professional fee Sundry expenses 1,950 9.540 554 1.950 14.0 73 9,540 554 12.044 12.044 16,023 2023 total 16.023 16,023 S. Trustees remuneration During the year, no trustees receiv8d remuneralion12023 £nill or b8nefits in knnd12023 . £nill. During the year, Iravel and subsistence exp8nses totslling £54112023.. £nill were r6imtwJrstd to four trustees. 6. Investment prtspprty Woodland Valuation AI 30 November 2023 and 30 November 2024 224.403 The property was purchased al the end of 2016. The Trustees have considered the valuation and deem this appropriate lor the cuirent year. No formal valuallon has been underiaken bul Ihis wll be reviewed on an annual basis. 7. Fixed asset irtvestments Listed Securlties Market value Al 1 Decernber 2023 Additrons Disposals RevaluatlOll5 4,876.156 2.335,269 11.431.1591 (541,5391 At 30 November 2024 5,238,727 Page 14
Langdale TTllSt Notes to the financlal stzlèmenls for the year ended 30 November 2024 lcontinuedl B. Debtors Total 2024 Total 21J23 Amounts held by inveslrnenl manager5 29,636 433 29,636 433 9. Credltors. amounts falling due within one year Total 2024 Total 2023 Accfuals 6.720 6.448 6,720 6,448 10. Analysls of funds Balance at 1 Decernber 2023 Gains, Balance at losses and 30 November transfets Incoming resources Re80urc8s expended 2024 Deslgnated funds A O Wi150n Memorial Fund 180.821 132.300 1140.9771 172,144 Rev?luallon ieserve Woo(Iland Total designale¢J funds 232.011 132,300 140,977 223,334 General funds General fund 21,697 62,925 55,680 Total VnTestriclefl funds 253.708 195.225 1169,9191 279.014 Endowment funds Expendable endowment 4.877.454 (20.6421 389,243 5.246,055 Yotsl fund$ 5,131.182 195,225 1190,561 389,243 5,525,069 Page15
Langdale Trust Note$ to the financial Statements lor the year ended 30 November 2024 Icontinuedl 10. Analysis of funds Icontinuedl Comparative Infomjation in respect of the preceding period Is as follow$. 83lance at 1 December 2022 Gains. Balance at losses and 30 November transfers 2023 In¢oming resources Resources expEnded Designated funds A D Wilson Metnorial Fund 435.416 158.761 1135,7391 1277,6171 180,821 Revaluation reseNe Woodland 51.190 51.190 Total designated fund$ 486,606 158.761 {135,739 77.6171 232,011 General funds General fund 29.787 8,847 116,9371 21.697 Total Unreslri¢led funds 516.393 167,608 152,676 277,6171 253.708 Endowmentfunds Expenclable endowment 5.017.524 118,6311 1121,4391 4,677,454 Total funds 5,533.917 167,608 171.3071 1399.0561 5.131.162 Name of fund D05cription, nature and purpose offund AD Wllson Memorial Fund This Is held In memory of a fomier chaimian of the Trust a5 8 reseNe for on. oll lar9er projecls which may arlse In subsequ&nl yèars. A woodland was purchased in the year ending 30 Novernber 2016 and 18 shown a5 an inveslfflenl property. There is also con5ideraiion of a bursarylspon50rship fortraining in for8slryhYoodland ffianag8menl being 8Wored. Expendable endowment fund This fund is the capital endowment ar15ing fiotn the cre81ion ol the trust which is held to generèle income for use in furthering Ihe charitable objects. The fund is a¥aSlable to spend at the discretn ol Ihe Trustees. Page 16
Langdalè Trust Note5 to the flnan¢lal statements for the year ended 30 November 2024 Icontinuedl 11. Analysis of net assets beiween fijnds Fund balances al 30 November 2024 aff presented by.. Unrestrlcted Endowment fvnds funds Total funds Fixed a$sel investments Investment property Current assets cutnI liabilities rotsl net assets 5.238,727 5.238,727 224,403 68.859 6,720 5.525.069 224.403 61,331 6,720 279,014 7,328 5.248.055 Cornpaialive information in re$pecl of Ihe preceding perigd (s as follows Unrestrlcted Endowment funds fund5 Total funds Flxed a5sei investments Investment property Current assets Cuirenl liabilities Total net assets 4,876,153 4,876.153 224,403 37.054 16.4481 5,131,162 224.403 35,753 16.4481 253.708 1,301 4.877,454 12. RelatÈd party transactions Ms Jaime Hobday15e¢relaryl is a partner of Veal Wasbrough Vizards LLP 20Z4 2023 SecrÈiarSal Services reGharged by reialed party durirvj th? year 9,270 9,000 Page 17