LUTTERWORTH TOWN ESTATES
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR EI¥DED 31 JULY 2023
CHARITY NO: 217609
SitNpsoD & Co (Atcountsnts) Ltd
ChArt¢red Accoullt*ttts
21 Hiph Strnei
Lurterworth
t*ieestershire
LE17 4AT

LUTfERWORTH TOWN ESTATES
coNrENTS
IndeTJendent Examin&s Rep(
Swemeni of Finwbciai Acuvili
Balance Sheer
Notes tt) ¢h¢ Finan¢i#l Ststements
8-12
P¥4ge-l-

LUTTERWORTH TOWN ESTATES
TRusfEES' REPORT FOR THE YEAR ENDED 31 JULY 2023
The Trllstees Dresent their ann￿1 ￿port and financiai ststements of the charity for the year ended 31 July 2023. The
financial state￿￿nts have been prepared in ￿OrdanCe wth the x¢owrting policie5 W out in TK)te i to the accounts and
complv with the Charitv's Iwst deed. the Charities Aet 2011 aThJ the A¢countino and Charities Ststernenl of Recommended
Prac¢i¢¢ (second edition) and FiD8ncia] Reportiti4 Standard FRSIO".
TRUSTEES
MT R W Coleman
Mrs C Harringt¢)n (Treosurer)
Mr$ G Robinson {C￿lmi4n)
Mr M Utting
Mrs M White
Mr M P¢rks
Mr W Zilberts
C Weston (Resigned 24 October 2023)
CHARITY ADDRESS
12 Markd Street
L￿￿erWOrth
l.eiee5tershire
LE174EH
REGISTERED NUMBER
217609
STATUS AND ADMINISTRATION
In 1214 an 4nnual Market Charter was gran￿j by King John, 9Th1 in 1414 a weekiy M#Tkd ChArter was wted by Henry
the 5th. Both of these allowed the street vendin8 of hors¢& rAttlr and othtr grDds. Alms Houses and House8 for Indus
helped the ixrf)r but in ihe 16th e¢ntury, in the 43rd year of her reign. Queen ElÉtsFEth made a st&tut¢ for chAritable
purposes, and the r¢8ulation of the administration of propertie& fijnds for ¢haritrdble purtK>5¢5 and maintenance of the
highways. At thi5 time the Town Fathw5 came tnto bcing. LutteTh¥orth grew and ihe a¢¢ivities of the Town F&thers are
well recorded in minute books. propcrty purchw donations and b￿U&%￿. Dewls are held in the r￿d offi￿.
With gOvern￿Rnt statutes in the 19th century {1834 Poor Laws) Charity Commissioners tffOU8ht in schemes established by
law. and Luitenvorth Town Esta￿ Charity om¢ into being &% 1¢ wo￿5 today.
The prr5ent scheme was sealed on the 5th of September 1983, and re8ul*d by 8 schemc of the Charity Conunissioner5 of
th¢ 12th January 1972 and in the matter ofthe Charities Ad 1960.
P3ge-2-

LUTTERWORTH TOWN E￿ATEs
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2023
ORGANKSATIONAL STRUCTURE
Lutterworth Town Estates Charity is admiwstertd by 9 Tn￿ tlw¢ are app)inted ￿..
One Ex-officio Tru￿. The Re￿Or of ts FrtlesÉknicai l¥rish of St. Mary. Luttmvonh.
Fiv¢ C(￿OPtatIvt Tn￿tt$ elected for a period of 5 years.
Thffe Trust¢¢s nominated by the Town CouKil for a w1￿j of 4 yea
Within this there Are 2 apwinted Trt￿. Mrs G￿dEnt R(*inson as C11pir whd Mrs Carole Harrington as Tre&surer.
The TTUSttts utilise the servic¢ of a 5elf4mployed bookkttper. The properties are rnanaged by a professional managing
agert. Thisl¢e5 ¢xpenge5 are very low and only invoSv¢ ￿fUnts of ETh)nie5 sm on telephone calls made on behalf of th¢
Charity.
￿￿EcTs
Subject to payment of nornmi exp¢nsH th¢ Chority applies its in¢orne ￿ close to one third •$ twible to the Lutt¢TWOrth
Town Hall Charity.
The r¢5idue of the iTJtome from the lellin8 of prowties in ts town, MAY be given attording to ne¢d, for any charitablt
purpos< for the Ben¢ral b¢n¢fit tsf th¢ inhabi￿ts of th¢ knvn of LutttrwOrtl￿ for whi¢h provision is not a]ready made out
of rate& taxes or other publie fuThJs.
Our Charity donAtions are made to the si¢L elderly, infirnj aTKI disabled, we have conta¢1 with the Citizens Advice Bureau.
Leicesier Charitv Link and the I(￿1 hospitsl and health all of whom are aw￿ of our commitment to a5sis¢ lh¢
people of LutteTWOrth who Are in need.
IUSK ASSESSMENT
Any Changes in1¢8i51ation re8ardin8 our properties are advistil to us by our Mwwging Awt& and a watching brief ig kept
on our buildin8S.
REPORT AND VALUATION
The properties are a mix of rtSidenti￿ and Cc¥nrn￿l￿ and have b¢ert Valued by the tr￿Ste¢S at market value
based on ¢urrent pri¢e5 for 5irnilar woperties in the sam¢ Icution and condi¢ion. The commercial pro￿rtY that was bein8
constructed la￿ year was wmpleted thwin8 the year.
KESERVES
Unrcstricted funds wi be used in accLYdart¢ with the chartfable djjedives at the dis¢r¢tton of the t￿St￿.
It ha5 llot been the policy of the Charity to accumulate significant unrcstricted fvnds. it is aim of the Charity to
distribute & invesi monies for the benefit of the inhabitants of the town WIM) 8re in nced. Howevcr. the TnL$t¢es are vcrv
aware oi the need to relain a certain amourt of money to the needs of urnent rcrAirs to the ptwies and to Tnainlain
* reserve for worksng ¢apital requirements. All sujplus futmls hay< over the y¢aT& rernve5ted and will ¢ontinue to be
so. when and if availabl¢. There are no de5ifft*d funds
Th¢ T¢strie4ed funds will be used for th¢ PWFM)se for which thev wer¢
Page-3-

LUTfERWORTH TOWN ESTATES
TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2023
INVESTMENT POLICY
The tThJst¢es ￿lleY Is to maintain its iYoperti&s to a high stsndard. in or&r to pn)vide an income for the eharitv. An
surylus is invested in interest iwing bank acc(Mm¢% makn"n8 morc income available for canying out the objects of the
thAnD.
TRUSTEES AND OTHER RELATED PARTY TRANSAcfioNS
Reimbursed ¢xpcnw Faid to Mrs G RobIt￿On for th¢ yearto 31 Julv 2023 were £1￿.
No remuneration WAS paid to any twstee and there were no other releted pty tiwjsactions.
TRUSTEES RESPONsIB￿rnEs
The charity trustees are ffsponsible for prwing a trusted annual repc*t and financial statanents in aKordance wiih
applicable law and United Kingdom Accounting Stsndards (unit￿ Kingdom Generally A¢¢¢pted ArKounting Practice).
The law applicable ¢0 charities in England and Wales requir¢5 the charity tr￿$￿e$ ¢0 prepare financial statements for each
y￿r which 8iV¢ 8 t￿e and fair view of the stste of affairs of the charity and of the i￿Oming resources and applieation of
resource5. of the chofity for that period. In preparÈn8 the fina￿la] sts1emen￿ th¢ InL5tees art requiTed to:
- sele¢t suitsble ￿￿Unting Folieie4 and then apply them consisi¢ntl)'
- ob5¢rve the methods and PTin¢ipl¢s in the applÉe&bl¢ ¢han"ti¢s SORP;
- make judgements and estimates thai are re&wnable and prudent
- sto¢e whtiher applicable accounting standard5 have been followrt 5ubJ'ect to any m￿jaI departureg disclosed and
¢xplaiDed in the finaneial Statements;
- Prepare the finarteial ststements on the 80ing b&4is unless it is in•pwopriate to pr¢sume the charity will
continue in busine&8
The irustees 4T¢ Tesponsible for keeping PrnFer accounting rwords that disclose with reasonable accurney at any time the
rinanci81 position of the eharity and to enable them io Wlsure ihat the financiel 5tatem¢nts ￿mplY with the Charities Act
2011. the applithle Charities (Accounts and Rep)rts) K¢8ula¢ions. and the provÈsions of the Trusi deed. They are also
responsibl¢ for safe8wdin8 ihe assets of the ¢haTiry and tsking retsrffloble steps for the prevention of hud and oiher
irrt8ulgritie_4.
The trustees are responsible for the maintenance and iniesrtty of the charity and financial inforniation Includ￿ on the
charity's website. Legisl￿JOn in the United Kin8dom governin8 the rryaration and di$5eminatson of the fJnan¢ial
statements. may differ from le8i$l¥tion in other jurisdictions.
Approved by th¢ trustees on thd Sign￿ on their behalf by..
Mrs G Robinson
Chaimion
9 January 2024
Page-4-

LUTTERWORTH TOWN EsfATES
INDEPEI¥DENf EXAMINERS, REPORT TO THE TRUSTEES OF
LirrrERWORTH TOWN ESTATES
I re￿rt to the trU￿e¢S on my examin￿{On orth¢ accounts of Lutterth Town Es¢ate5 for the year ended 31 July 2023.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's trustees, you are reswjnsible for the preptiEation of the ac£owJts in ac¢ordan¢¢ with the r¢quirements of
the Chartties Act 2011("the Act").
S Teport in reSPECt of Tlly examinatbon of the Tnm's a¢¢ounts carrked out undcr section 145 of the 2011 Act and in
carrying out my examin8lion I have follow￿ all thc applicable Directions siv¢n by the Charity Commission under
sertion 1451SXbl of the ALI.
INDEPENDENT EXAMINER'S STATEMENT
I have cfjmpleted my txamiiiation. I c4)nfimi that no mlteriai m•ttvs ￿ve come to my athiion in
connection with the examinats.on wvin8 me cause to b¢li¢ve tha¢ in any m￿trIal rw..
l. &C￿Unting records weff kept in r¢8pect ofih¢ TnLSt 8$ required by sectil￿ 130 of the Aa. or
2. the a¢counis do not A¢¢ord with those re￿d5. or
i. the accoun1$ do noi comply wilh the applicable requirememts conceming the forni and ¢ontent of accounts set out in
Ihe Charities (Accounts Ind Reports) Regulmions 2(K)8 (thr ihan any r4uirement that the thceounts gi￿ a 'true and fair
Yiew which is not a matter considued as port oran in ¢x¥miriatiLMh.
I hav¢ no ¢on¢em5 #nd h4ve ¢om¢ ¥ross no th matters in connection with th¢ ¢xarnination to which attention should
be drF4wn in this r¢Fon in order lo ¢n¥bl¢ 4 prqyer underSt￿lmS of the accounts to be reach￿.
MDR Shave
]•or and on behalf of
SirnD50n & Co IAccouniants) Ltsl
C.harteTed Accountants
l Hi4h Stre¢t
Lutterworth
Lei¢est¢rshire
LE174AI'
9 January 2024

LUThERWORTH TOWN ESTATES
ATEMENT OF FINANCIAL ACTlVtTIES
FOR THE YEAR I AUGUST 2f122 TO 31 JULY 2023
?023
Restricted Unrestricted
f4ote Fund
Fund
2022
Totsl
Totsl
INCOMING RESOURCES
Gra￿$ received
Property illc£)me
Martoet income
Investment income
High Point irt¢ome
178.20-
54.371
3.345
2.063
5,477
55.103
2.715
793
9.or2
55.103
2.715
793
9.072
Totsl IDcoming Resources
RESOURCES EXPENDED
67.683
67.683
243.465
C￿t of generntlag fvttds
Property expenses
Market ¢xpenses
High Point expens¢s
44.174
1,673
11080
44.174
1,673
12.080
21.653
1.684
5,046
57,927
57.927
28.383
Chgrilfible expendltnr•
Costs of activities in fwthernnce of
charitable objectives
Management and administr￿lon
1.49)
350
17,875
1.849
17.875
4.458
71,474
1.499
18.22)
19.724
7J.932
Totsl Re8ourees EIp¢nded
1.499
76.152
77,651
104.315
et incotning re50urceJ for tbe y￿r
(1,4W)
(8.469)
(9,968)
139,150
Net gains on investment ¥sxts- realised
gains on investment &ss¢ts- unreali5ed
502
502
Net moyernent in fuods
(7,967)
(9,466)
139.150
.4Ccu[n￿Jfrd Funds brought foThv8rd at l AUgL￿t 2022
326,4ty)
1,955,711 2282.210
1,989.060
Ae¢lltnulated Fund Carried fonvard ai 31 Jllty 2023 4
325.(
1,947,744 2271744 2.128.210
Page-6-

LirrrERWORTH TOWN ESTATES
BALANCE SHEET
AS AT31 JULY 2023
21123
2022
Note
FIXED A&SETS
Investments
Tansible assets
2.065.000
19.618
2.064.498
11115
? 084.618
2,076,613
CURRENT ASSETS
Debtors
Cash at bank and in hthd
6.405
215.If29
20.665
193.163
221334
213.828
CURRENT LIABILITIES
Trade creditors
Other creditors And provi5ion5
3.505
30.703
4,208
4,023
134.208)
18,231)
NET ASSETS
12T2,744
2,282,210
ACCUMULATED FUNDS
Unrestricted funds
Fair value re5¢
Restri¢t¢d funds
1.708.527
239217
325,0(Ml
1.716.99b
238.71 <
326,49Y
1271744
2.281210
The accounts w¢re approved by the Both of Tnkths on and signed its behalf by:
Mrs C Il*rrrttgto
Treasurer
Qc44
9 lanuary2024
Page-7-

LUTfERWORTH TOWN E￿ATEs
YOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
Ac¢ounting potici
1.1. Basis of preparadon And assessme￿t of going CODcern
The a¢counts (fEnan¢iAI statements) have i￿en prepared under the histr￿jea1 cost c4)nvention with item8
recogRis¢d at cost OT traThsauion y￿UC unless otherwise >ated in the relevani note(5) to these ae¢ounts. Thc
financi￿ ststements have been preFAr¢d in aceordance with the second eiliiion of th¢ Chariues Ststemeni or
Recomrnended Praeti¢e issued in October 2019, the Reporting Standard applicable in the Uniiea
Kingdom and Republic of Ireland (FRS 102) and the Charities Art 2011. The trustees consider that theTe are no
material uJKertainties about th¢ T￿￿t'S ability to C￿lInUe as 8 ¢on¢ern.
1.1 Incoming reJource8
Bank interest is included in th¢ SOFA on reeeipt
Property Bnd market income ts re¢ognised as li fatls du¢ to be rtttived by the charity. however no leeount 18
k¢n of amourtts receivable rk)t invoiced & the year ¢TrJ.
Grants are rKognised wh¢n received by th¢ ¢haTity.
Other income is included when ￿e1Ved by the thrity.
1.3. Ruources expended
All expendiiure is attounted for on an I￿r￿lIS basis. All expenditure which is diredly Telated to the provision
of advi¢e 5¢rvices is included within eharitable expeThJiwre. Other costs have been shown as the cost of Allocated
management and administration.
1.4. TAttgibl¢ fixed assets #nd depreeiatlon
Investsnent fixed assets held al Current markd v8iue, others are held at cost. Ass¢ts under construdion are
held at the lower of and market v8Jue. Dtprcciatson is provided at the following annual rates in ord¢r to
allocthe the dweciable amount of ¢Kh asset over its ¢stiM￿cd useful life..
quip￿￿at
15 % per thnum of net b￿[ value
IDvestmeD15
Investment
properties
At l Augu￿ 2022 - &5 previously valued
Revalu81ions
2.064,498
502
at 31 July 2023
2,065.(K>O
All investm¢ni assets are hdd in the United Kin8d¢x
Page-8-

LUTTERWORTH TOWN ESTATES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
2.1. Investment propertles
Included within the above is investment propertie5 measured at valuation ￿ follows..
At l August 2022
Additions
Revaluation
730.000
1.024.498
502
1.755,000
In respect of the investtneni properties held at valuatiotl, the oggre¥ate Cost and Comparable carrying amount th&t
would have been r¢cognised ifthe irhve5tmenl PToperties had b¢¢n ¢a￿led under the his1or1￿] ¢ost mod¢l are &4
follows:
2023
2022
A88re8&te cost
1,515,783
491.28)
Tangible fixed *Mets
Equlpment
Total
Net book vftlue
At l August 2022
Additions
10.966
10,966
23.081
23.081
Depreciation
Charge for the year
13.463)
13.46.?
Net book value
At 31 July 2023
19.618
19.618
Pa£e-9-

LUTTERWORTH TOWN EsfATES
NOTES TO THE ACCOUNT
FOR THE YEAR ENDED 31 JULY 20LI
Movement in funds
Incomlkng Outgoing lllvesthiellt
l August Rty)urce8 Reyource4
GaiD8
2022
A¢
31 July
2023
Totsl Res¢ri¢ted Funds
326.499
1.499
325,000
TotY41 Unrestrlcted Funds
1,955,711
68.185
76.152
1,947,744
TOTAL FUNDS
2,282210
68,185
T7.651
2.272.744
Restrlet¢d Funds
Hish Point build costs
Heritage Centre ond Luttenvorth Museum
fit-out
Continuirkg Developm¢ni of the
Heritage Centre and Lutterworth Musew
Shop Front Improvemen¢
250,C
250,000
30.(
30.000
45,CMKt
1.499
4S.000
1,499
326.49)
1.499
325.0(x)
Hlgh Point b￿lId costs
Fhese Brnnts were reeeiyed tyorn HArborough District CIMLncil atKI liLP Ls contributh.ons towards the ¢onstrwtion
of an improved and modern museum buildin8 in LunttThvorth rown centre.
Herit*g¢ Centrn LutteTWOrth Museum fit¥OUt
This 8fdnt was received from GLP to help fund the in￿n￿l fit4)ut and devel(VWLt of the Herithge C¢Dtre space
and Lutterworth Museum.
Continuing Dtvelopme*t ofthe Herit*%t celt￿ L¥tterwortb Museu
This grant was T￿e1ved from GLP to fvnd the employment of professional re￿U[re5 or an individual. who will
help develop, launch aThJ estsbli5h a sustsinable 0￿11￿8 mtyJel for the Heritag¢ C¢ntr¢ and th¢
Lutterworth Musewn.
Shop Front Inlproveme￿t
This grallt was received from HartrK)rough ilstrio Council io irnwov¢ the apturnnce of shop fronts in order to
boost the ap￿￿1 and character of prinmry shopping arw to attract more C￿¢0M￿S.
Page- 10-

LvfTERWORTH TOWN ESTATES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
TOWD HAll GrAllt
2023
Tow) Hdl Charity Grant
There is no unrestri¢*d income this ye4r ond $0 wment is due.
C￿1 ofgeDer*tlng fuids
2023
21n2
Property r¢pair5
M8n8g¢m¢nt charges
Property insurarte
Advertising
Depreci&tion on equipm¢rf
Market wa8es
Market tolls
High Poinl Tepairs and miscellaneous exp￿se5
Hi8h Point heat and li8ht
High Point insurance
31.862
7,181
1.668
9,233
8.761
1,436
75
2,148
3.463
1.020
653
4.209
5,008
1863
749
1.978
2.831
237
57.927
Page-11-

LUTTERWORTH TOWN ESTATES
YOTES TO THE ACCOiINrs
FOR THE YEAR ENDED 31 JULY 2023
Charitsbk eIp¢ndi¢Mre
2023
2022
Grants- Communitv Proie¢L%
Grants- rc5tricted
Town hall don*ions upo)ming year
Bookkeeping and adminisirthion
0￿1¢¢ tel¢phone and internet
Office administration expenses
Sundrv expenses
Office rates al￿ water
Office insurdnce
Oirl￿ heat and li8h¢
Office repatr$
Professional f￿5
Accouniancy
4.458
4.059
553
1.562
21
4,376
628
1.818
59
297
240
903
57.59:
2,66ry
2,897
198
744
4.668
2.773
19J74
75.932
Page-12-

LUTTERWORTH TOWN ESTATES
INCOME AND EXPKNDITURE AccouNr
FOR THE YEAR ENDED 31 JULY 2023
2023
2022
INCOME
Grants- unresiri¢t¢d
Grants- restrieted
Property
Market
High Point
Bank interest
1.500
178.207
54.373
3,345
5.477
2.063
55.103
1715
793
67.683
244.963
EXPENDITURE
Cjenernl
Property
Market
High Point
17.875
44,174
.673
12.080
71.474
(75.8021
(99,857)
8,119
145,108
GRANTS PAID
Individ￿15
Communitv PToj¢¢ts
Restricteil
350
250
4.458
1.499
(1,849)
(4.708)
TOWN HALL GRANT
Per note S
NET GAINS ON INVEsfMENf ASSETS
Realised
Unr¢ali%d
YJ2
11347)
(4,708)
SURPLUS OF INCOME FOR THE YEAR
(9.466)
140.400
P8g¢-13-

LurrERWORTH TOIVN ESTATES
OVERHEAD EXPENSES
FOR THE YEAR ENDED 31 JULY 2023
2023
2022
GENERAL EXPENSES
Bookkeeping and administration
Office telephone and intemet
OffIce administration exp¢nses
Sundry experLq¢S
Office rates and water
Offlce insurance
Office knt and light
OtTi¢¢ w&irs
Professionaj f¢¢5
Accountan¢y
4,059
553
.562
21
297
198
744
4,668
4.376
628
1.818
59
297
240
905
57.592
1662
1897
1773
17.875
71.474
PROPERTY EXPENSES
Property repairs
Manag¢meni char8es
Property insuTance
Advertisin8
Depreciation on equipm¢nt
31.862
7.181
9.233
8.761
1,436
75
2,148
3,463
44.174
21,653
MARKET F.XPENSES
MaTk¢t wages
MArket tolls
1,020
653
935
749
1,673
1,684
HICH POINT EXPENSES
Hi8h Point repairs and mi5c¢llaneous expens¢s
High Point heat and lig
High Point insurance
4,209
5.(K18
1863
1.978
2,831
237
12.080
5,046
Pgge-14-