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 st￿et
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 Tr*Jst 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 ry*el 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
discret￿nary 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 p￿paring 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 apPI￿able ac¢ounling standards have been followed, subject lo any material departures
disclosed and explained in the financial statemenis.,
prepare the financial $talen￿nIS 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 a￿oUnt5 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 praCt￿e 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¥c￿l 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 I￿land 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 const1￿leS 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 Per￿Qd 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 follo￿n9 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 measU￿d ￿liablY by the
¢hariiy. Thrs is normally upon notifirdlion ofihe Inte￿St 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 I￿nancial
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 $tal¢m*nts for the year Ènded 30 November 2024 Icontinuedl
2. Investment Incorne
Unrestricted Endowment
ftsnds
fLinds
Total
2024
rotal
2023
Income from lisled investments
195,225
19S.225
167.608
95 225
195.225
167.608
2023 total
167,608
187,608
3. Grants payable to Institutions
Total
2024
Total
2023
Institutlons
Age UK Group
Air Ambulan¢e (Great W8slernl
Blrmlnghaffl Royal Ballet
Birrningham Sl Ma￿S Hospice
Birmingharn Selllemenl
Bowel Cancer UK
Bristol Drugs Proje
British H8art Foundation
Bumblebee Conservavon Trust
Clean Rivers Trust
C21vert Trusl
Caiers UK
The Corrymeela Cofflmunity
Crohns and Colitis UK
Deafblind UK
Den7enlia UK
Dodford Children's Holiday Farm
Ecological Continuity Trust
Future Trees Trust
Galapagos Conservation Trust
Healing Oog5
Ironbridge Gorge Museum Ttust Lld
Kingswood Trust
Maiine Con$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
Inde￿ndent 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
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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 discret￿n 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$sel investments
Investment property
Current assets
cut￿nI liabilities
rotsl net assets
5.238,727
5.238,727
224,403
68.859
6,720
5.525.069
224.403
61,331
6,720
279,014
7,328
5.248.055
Cornpaialive information in
re$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