Charity règistration number 217609 (England and Walasl LurrERWORTH TOWN ESTATES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
LUTTERWORTH TOWN ESTATES LEGAL AND ADMINISTRATIVE INFORMATION Trusts Rev N Byard W lberts M Utting G Robinson M hrte J Ackerley R Coleman Ch#rlty numb•r (England and Wal•sl 217609 Prfnclp•l addrnss 12 Market Street Luttewjrth Leicesleishire LE174EH IndendOnt •xamlner Cotton$ spealiSt SeTh6ce8 Llfflited 21 High Street Lutterworth Leiceslefshir* LE174AT
LurrERWORTH TOWN ESTATES CONTENTS Trustees. rewrt Independent examinevs report Stslement of financAal activities Balance sheet Notes to Ihg financi81 Slalwnents 6-14
LUTTERWORTH TOWN ESTATES TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY2025 The Iwstees present their annual and ffinanaal statements for the year ended 31 July 2025. The thn8ndal statements have been preparèd in OrdanI vAth the accounttng pdi(ges sel oul in note 1 to the financial statèments and CoMY Mlh the Chaws governing document, the Charrt¢'es Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK ar Republic of I18n(l. and the Charities SORP 'Accounting and Reporting by Charrties." Statement of Recommended PractKe apICable to chanlies preparing their ac£oun15 in accordance wrth the Financial R8porb"ng Standard ap&th"¢8ble In ihe UK and Repu of Iland IFRS 102)" ObJoctlvo$ •nd aetlvltl•8 Subject to payment of normal èxpenses th8 Charity appli85 as ckne as F•)55ible lo one third of rts unrestricted income lo the Lutterworth Town Hall Chanty. The r&$idu8 of tho irrf>Jme from l&tlin9 01 properb'8s in th& town, may b8 gIn acCl1n9 to ne8d, for any charitable purpose, for the general befil of the Inhabitants of the lon of Lutterworth, for whith w0Slon 1$ not 8lready mado out of ratas, taxes crf other pubfic lund$. Our charrty donations are made to the sick. eldewly, infim and disabled. we contact wllh citen$ Adv Bureau, Leicester Charity Link. and the Iwl hospital and health centre, all of vthom are aware of our commitmenl lo asw61 the p•opl& of LLttt•Thvorlh are In neèd. Publlc bon8fit The Iruslees have due regard to guJance issued by the Chanty Commi55ion in decxling vthat ac*vitie5 the charity should undertake. Flnanelal r•vl•w Res&Thes polKy Unreslrict8d funds can be used in a¢cort1ancg wth th9 thantab obiocIw85 at tho discrotion of the trusl8es. It ha5 nol beon the policy of the charty to accumulate synfficant unrestricted furHls. as rt is the aim ol the charity lo dislnbule 8nd invest monies for the benefit of the inhabrtants of the town who are in need. However. the trustees arg very aware ol Ihe need lo relain a certain amount ol mow to meat th8 n8eds ol urganl repairs to tho proport18S and lo maintain a reserve for workn'ng capital requirements. All ¥urplu$ fiFnds have, over the years, been fein8ted 8nd VMII continue to be go, when and rf available. There are no designated funds. The reslrKted fun(Js WIN be used for the purpose for whith they were given. Investmentpolicy The trustees policy is to maintain rts wopertw lo a high standard. in order lo prowde an income for the tharty. Any Surplus is inve51ed in Interest bearing bank ac(y)unts, makn.ng more income awailable for Carrying out Obcts of thè charity. Maiorrisks Any changes in legislation re9arding our properlies are advised to us by our Managing Agènts, and a watching brièf is kept on our buitdings.
LUTTERWORTH TOWN ESTATES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Stru¢ture, gtsvtrmance and management In 1214 an annu?1 Market Chartw was granted by King John. and in 1414 a weeY Markèt Chartèr was grantèd by Henry the 5th. Both ol these allowed the street vendiThJ of horsès. ¢8ttle and other g(KJds. Alm$ House$ and House for Industry helped the poor but in the 16th century, in Ihe 43rd year ol her rèign. Quèèn Elizabèth made a slalule lor (aritsble purpose5. and the regulation of the administrab.on ol properb"es. funds for ¢h8rilable purposes and maintenare of the highways. At this time the Town Fathers came into being. LutteNthh grew and the activthes of the Town Fathers are wel recorded in minute books. propety purcas8s. donab.ons and bequests. Detsils are held in the record offices. th the govemment ststLrt•$ in thtr 19th century 11834 Poor Laws) Charrty Commissioners brrNJghl in scernes estsblished by law, and Lutterworth Town Estates Charrty came into being a3 11 work8 lTrJay. The present scheme wa8 sead on Ihe 5th of Seplembèr 1983. and regulale(I by 8 stheme of the Chgrity COMMI10nls of the 12th January 1972 and in the mattw of the Charilio$Act 1960. The Iruslees who 8eNed during the year and up lo dale of signature of the [an(JaI statements We.. Rev N Byar W Zilberts M Utting G Robin$on VVhit8 J Ackerl&y R Coleman Mr8 C Harrington IR8gned 18 Fe 2025) Org&rri$8lion81 stniolu Luttgrworth Tthvn Estates Charlty Is admlnlstered by 9 Trusto08. thesè arè appoinltd as.. One Exwofficio Trustee. Tho R8caor of th• E¢X$18S1k8l Parish of Sl. M¥ry Luttorworth. Five Cccy8rativ8 Trustees elecled for a peritsj 015 years. Three Tw81e88 nominalgd by the Town Council for a peiiod 014 years. thln this there is 1 appoinled Trustee. Mr5 GerahJin8 Roon as Chair. Tho tru$l•e$ u1130 the 8ervir of a Se114MOyèd boolegper. Th¢ propertkn #re managed by ¥ prof&s$ional managing agent. Trnjslees 8xpen are very low and orty Invofve refuThJ$ of monles spent on telephone calls mad& on behaff of the chanty. The trust. report was approved by tha Board of Truslees. G RobsOn Tru8t•• Date.. ZL
LUTTERWORTH TOWN ESTATES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LurrERWORTH TOWN ESTATES I report to the Iruslees on my exambnation of th& financAal statements of Lutterworth Town Eststss (the charity) for the year ended 31 July 2025. Re¥pon8lblliti•s and b$l$ of Y•port As the Iruslees of the charty you are resKthsible for the preparation of the finanaal statements in accordance wth the requirements ol the Charities Act 2011. l Teport in respect of my examlnallon of lh& tharity's financaal statements ¢arri8d out und&r sg¢lion 145 of the Charities Act 2011. In carrying out my axamination I have followed the Directions gNen by the Charty Commission under $e¢tion 145I51(bl of the Chanties Act 2011. Indepeftd•nt •xaminerfs tstem•nl Your attention is drawn to Ihe lact that thè chaiity has prepare¢l the financial ststemenls in aceordance with the relevanl version of th¢ Statement of ReImMen1)ed practs. applicable to tharities preparing their financial statements in accJ)rdance with the FinanrAal Rtrporting Standard applicabl6 in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charrties". Ststemenl of Recommended Practs'ce issued gn 1 April 2005 which is referred lo in the extant regu1}nS but has now been withdr4n. l understand that this ha8 been done in order for the finoncial staternenls lo prowde a Ifue and fair vi9w in aCrdanc with UK Ggngrally Accept•d Accounting Pwti¢o. I have ¢ompkgt8d my examination. l o)nfimi thal no mattèrs havè ttjmè to my atteniitsn In connèctlon th the examlnation giving me cause to believe that in any malerial respe¢t.' accounting records We not kept In speCt of the charity as requlred by 5eclon 130 of the Charttles Act 2011. the financ4al 5talemenl$ do not acK•Jfd with those re¢ords," or the finanu81 statements do not rpty th th& appluble wuirements cnnceming the forrn and conlenl ol finanelal statements sel out In the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that Ihg financial statements gNe a Irug and fair which is not a matter considered as part of an independent examination. I have no concorns and have Come across no olheT matten in conne(on wrth the examination lo which attention shoukl be drawn in this report in order lo enabb a proper understanding of Ihe finanox31 slalements lo be reached. W SmArt For and on behalf of Cottons Sp•clali4t Servlce¥ Llmltsd 21 High Street Luttprworth Leicestershire LE17 4AT Dale.. 5 March 2026
LUThERWORTH TOWN ESTATES STATEMENT OF ANANCtALAcTrvmES FOR THE YEAR ENDED 31 JULYZ025 fvThJ¥ nd• 2028 lur4J• 2024 fvnd• 2a24 26 X24 2024 Incorn• Irorn.. Dwllmi•id •s.n9 2.110 ,709 2.01P Tot Ih¢Om• •3.013 •3,013 Exp•ndhur•on'. 38.371 31.371 Ch•nt4bCM 19,e80 19, 1ai•l •p•tl+ 8e.299 Ndi 275.LVJ 275.DX7 N•t 275,ttTh) 27ThX• 1trJ IDJ FuThY bqknc•i41 l Awu2024 1.?.8 f•.217 t2n.W 1,7IAI.$27 325.0ty) 2J•217 2,272.7U Funth at*1 014317 2.645.C 1.70D,Wf 325.DLV XJ•,217 ,2Y2.044
LUTTERWORTH TOWN ESTATES BALANCE SHEEr AS AT 31 JULY 2025 2025 2024 Notss Flx•d a88•ts Tangible assets Investment property 13 14 28,327 2.340,000 19,370 2,C65,000 2,308,327 2.084.370 Currènt assets Debtors Cash al bank and w) hand 16 8,851 205,102 186,915 193,481 213.953 Credltors: amounts falllng dug wlthln ono yèar 16 113.756) 125.479) N•t ¢urvont a880ts 179.725 186.474 Totsl us•t• l•#* ¢urrent Ilabillll•s 2.548.052 2.272.844 Th• fund• ofth• ¢h•rlty Endowment funds Reslncted InMe funds Unreslrided fundj 17 514,217 325,0 1.708,835 239.217 325,000 1,708.627 19 2.$48,OS2 2,272.844 The finanual slalemenls were approved by the Iruslges C ........... ............. G Roblnson Trust•e
LUTTERWORTH TOWN ESTATES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2025 AccoUnng po4cles Charity Infomwtlon Lutterworth Town Estates is a registered tharity lo woyide r&lef of need for the residents of LutteThvorth. 1.1 Basi• of PleratiOn The financial statements have been prepaied in alrdanCe wrth the charity's goveming document. the charit$ Act 2011. FRS 102 'The FInanri Reporting Standard applicable in the UK and RepublK of Irdand" and the Chantiés SORP "AcUnting and Reporting by Charrties.. Statement ol Recommended Practice applicablg lo charikn'e5 preparing their acccyjnts in accordance with the Financial Reporb'ng Standard 8pplicable in the UK and Republic of Ireland IFRS 1021". The charity is a Public Benefft Entity as defined by FRS 102. The charity has taken advantage of the pro¥isp)n$ in the SORP for ¢hwil$ not lo prepare a statement of Cash Iltsws. The financaal statèments have d8p8rted from the Ch8ribe$ IA(£ounls and Reports) Regulation$ 2008 only to the extent required Io PfOVMle a true and lair vivw. This d8partur8 has involv8d lollowing th& Statement of Recommended Praclice for thanties apptying FRS 102 rather than the version of Ihe Statement of Recomrnended Praclice whKh is refeffgd to in thg Rogulations bLbt whic ha$ &n¢8 b90n withdrawn. The financial stal$m&nls are propared in 81erfiDg. whic is the functional oJneY of tha d)arty. Mon8tary amcyjnts in thesa finan¢ial slalemenls are rounded lo the nearest £. The financial slalemenls have been prepared und&r th& hislorKal cost cVentIon, modified to indude tho valuation ol freehold properties and lo indude investm8nl properbes and certain financAal instruments al fair value. The prindpal accounting poIKi8s adopted are oul bo1N. 1.2 GoSng con¢•rn Al the lime of approwng Ihe financial slat8menls. the Iwslees have a reasonable expe¢tion that thè charity has adequate resources lo continue in opeiauonal existence for the foreseeable fulurfr. Thus the Iruslees conbnue to adopt th• goin9 conrn basis of o¢¢ounting in prparing the finaneAal ststomants. 1.3 Charttsbl• fund Unrestricted fijnds are available fry use al the di8crntion of th& try81ee$ in fur1hera of their tharitable objeelw. Reslricled funds are subjgd to spacific condibons by donors or grantors as to how thay may ba usod. Tho purposes and uses ol the $tricted funds aré sat out in thè notès to the financ481 statements. Endowment fur$ aré subject lo conditws by donors Ihat Ihg capital musl be maintained by th charity. 1A Incom• Bank interest is induded in the SOFAon r•c•ipt. Property and markel income is recognised as rt fals dug to be rerrit49d by the charity, )wer no acxounl is tsken of amwnts receivabk but Th)t invoKed at t year end. Grants and donations ar• recanIsed when rld by the d)arity. Other Income Is includ&d when 1ve1 by the caiity.
LUTTERWORTH TOWN ESTATES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 A¢¢ounting policies (Continued) 1.6 Expenditure All expenditure is a¢count8d for on an basis. Al expenditure whith is direcaiy related lo the provision of admce services is induded within charrtable expendrture. Other costs habE been shown 88 the cost of alkjcaled management arNI administrab'on. 1.8 Tanglbl• flx•d a88•ts Tangibl8 fixed assets are inibaly m8awTed al cosl and subsequenlly measured al LY)sl or valuation, nel of d8preciabon and any imparmenl losses. Oeprecialion is cgnIs9d so as lo wnle off the cost or valualbon of a55ets less their residual values over their useful on the following bases.. Fixtures and fittiws 1$% Tfjduung balance The galn or loss 8ri9ing on the disposal ol an asset is detennined as tha dnlerence bthoen the sale prc¢ged$ and the Carrn9 value of the 858et, and is recognised in the 5talèmenl of finanoal acliwts"e8. 1.7 Invo•tmont prnp•ty Investment property, which 6$ prorty held to eam rentals andlor for capital appreciation. 1$ initially r8cogni5ed 81 co81. which indud85 the purthase $t and any dir•ctty attributabl8 oxp8ndilure. Subsequently it is measured al lair Value at the reporb'ng end dale. The surF4us or defiot on revaluatTr is recognised in profrt or lo$$. 1.8 Impalrni•nt of fix•d a•s•ts At tsach reporting end datè, the charity rw•ws thè earrying •mnts of its tangible assets lo delemine whether Ihere Is any IndallOn thal those assets have suffered an impaimient loss. 11 any such indication exists. Ihe recoverab amount ol Ihe assel is eslimaled in ordeT lo delemiine the ext&nl of the impaimenl loss Irf any). 1.9 Ca•h and Cash •qulval•nts Cash and cash equivalenls indude cash in hand. deposits held at call with banks. other 8hort-lemi liquid inve8lmenls wth onginal matunlies of Ihr89 months or1088. and bank overdrafts. 8ank ovgrdr8fts arg shown within borrLwing$ Sn current Iialy"hb"es. 1.10 Flnanclal ItrUments The chanty has elected lo apply the provigons of Sacb'on 11 '8asic Financial Instruments, and Sectun 12 'Othgr Finanoal Inslrumenls Issues, ol FRS 102 lo al of its financi41 instruments. Financial instruments are Tecognised in tha tharity's b4lanc* sheel when the d)arrty b9comgs party lo th8 contractual provisions of the instrument. Finana81 assels and liabilrties are offset, wrth the I1 amovnts presented in the financial slalemenls, when there Is a legalty enforceab rigm to sel off the re¢y)gnised amounts and there is an intention lo settte on a nel basis or lo realise the asset antl sethe the liability 5imthneously. Basic financial assets Basic financAal assets, whKh include debtor5 and cash and bank baEantxs, are initially measured al transaction price induding transactKbn Ixssts atKI are subsequenlty camed at arnoTtisèd cost using the effective interèst method unless the arrangement nstUteS a finanong transathon. where the transaction is measured at the PTesenl ¥ve of the future receipts discounted at a market rate of interesL Finan¢ial assats da56ified as r¢GeiYable within one year are not amorti59d.
LUTTERWORTH TOWN ESTATES NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 JULY2025 ountlng policl•s {ContIntsl Ba$le finan¢i•lliabiliti Basic finanaal liabilth'es. induding creditors and bank loans ara rnilla1 rou)gniwl at Ir8n8action unless the arrangement nstitUteS a financing transaclion. whèrè the dèbt instrument is mèasured 81 the present value of the future payments discounted * a market rale ol interest. Financial liabililv&5 dassffied as payable vrithin one year are not amortised. Debt instruments are subsequèntty carried at afflortk%ed cost. using the effective interest rale method. Trade creditors are obligalions to pay for gocxls or sèrwcès that h8ve been wuireil in the ordinary cixJr$e of Opgrations from suppliers. Amc4Jnls Payab are dassffied as txjrrenl li8bilib.es il payment is due within tsn6 year or less. If not, they are psented as norcent liabilities. Trade uedilors are recognised initially al Iransaclion wice and subsequently mèasured il amorlised ojst U8ing the effective interest method. D•rncognltlon Olfln•n¢l•1bl1•tI Financial Irabilities are dereco9nis¢d tA)en th& ¢hariWs ntrodUal obligatb)ns expire or are diKharged or cancelled. Crlllcll accountlng g•tlmatos and ludgem•nts In Ihe application of the tharty's accounling policies. the truslees are required to make judgements. eslimales and assumptrons about Ihe rn9 amount ol assels and liabilrtiès that a not readily apparent from other sources. The eslim8les and associated as5umption5 are based on historical experk8nce and other factors that are ¢Dnsidtsred lo be relevant. Actual resuhs may dTrffer from these estimates. Thg &Stimatg$ and underlwn9 assumptK¢ns a rewewed on an onwng basis. R&vi$ions lo a¢UntIng 08timat&s arg racognisad In tha period In the e$limate Is rgvised wher& thè revision affacts only that period, or in the prd of the rthsion an¢J fulure period$ where th& WIOn affects both wrrent and futur8 periods. Incom• from doMtlon• •nd l¢g•¢l Unrntrlctsd Unrn•trlctfrd funds funds 2026 2024 Donations ¥rd grfts
LUTTERWORTH TOWN ESTATES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 Income from ¢haritable *ctfvlties Unmtrlctsd UnrwJtri¢tèd fund¥ funds 2025 2024 Property income Markèt Incomo High Poinl in¢om8 87.051 2.110 21.39) 62,168 2,605 21,016 90,551 85.789 Incom• from Inv••lm9nts Unr•#trlct•d Unrestrlctsd lundB fund¥ 2025 2024 Interest recoivable 2,610 Town Hall Grnnt Town Hall Charity Grant- 2025.. NIL {2024.. NIL). Exp•ndlturn on ralslng fund Unr••tiiet4d Unr•strict•d fvnd• nds 2025 2024 Propety repairs Propety insurance Market tolls High Point repairs and miscell8n¢ous expenses High Point heal and light Management charges Other trading actiwts.es Market wages Depre¢iab"on on aquipmenl 11,865 2,417 254 2.634 6.401 40.330 2.502 254 2.501 7.368 3,236 3.061 1.020 3,599 Total costs 38,371 68,639
LUTTERWORTH TOWN ESTATES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025 Expenditure on Charitab adiviti 2025 2024 Dlrect costs Grants- Indid$ Bookkeeping and MIniStration Offe telephone and intemet off& adminislralion expenses Sundry èxpenses Offic8 rales and wat&r Office insuranc• Office hoat and light Offe repairs Professional fees 32.481 6,104 635 2.945 39 289 218 914 1,795 4,272 691 1,989 257 999 1,448 4,877 6,423 50,094 18,619 Share of support and go¥•rnanc• ¢o•ts1$o• nots 91 Govemance 3.041 19.680 Analysis by lund Unre$lri¢ted funds 19.860 Support co•ts allocat•d lo •ctfvltl•• 2(126 2024 Govemance co813 4,340 3,041 Analywl b•tse•n: Managem•nl and administration 3,041 10 14•t movement in funds 2025 2024 The nel movement in lunds 18 Stated aftor tharginglltxtditingi.. Fè8s payaW lo the c*ariVs independent &xaminw. - for the independent examinalion of the charivs financial siatements - for other finaneial seThices Depreciation of ownèd tsnyitrAe frxed &8sets soo 3,840 2.541 3,599 io-
LUTTERWORTH TOWN ESTATES NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 JULY2025 11 Gains and loi$es on investments Endowment Endowment fundg funds 2025 2024 Gainslllossesl arising on-. Rtsvaluat of inveslm&nl properb'es 275.0 12 Taxatlon The charity is exempl from laxati¢)n on ils actiVbtye$ because al its incc¥ne is applied for charitable purposes. 13 Tangiblo fixed a•ts FlxtufoB Jnd Imln Co¥t Al 1 August 2024 Additions 28,833 13,1 Al 31 July 2025 42,594 D•prn¢latlon and Impalm)•rt Al 1 Augu512024 Depreciation c*8r9ed in the year 9,263 5,004 At 31 Juty 2025 14,267 C•rylng •mount Al 31 Juty 202S 28.327 Al 31 Juty 2024 19.370 14 Inv••lm•nt pyopgrty 2025 Cost and fair v41ue Al 1 August 2024 Nel gains tsr kjsses through tsir Value adjustments 2.C65,000 275.000 At 31 July 2025 2,340,000 Induded within the abo¥e is Inveslrnent properfies nwsur8d al valuation of £2,290,CK)O. 11
LUTTERWORTH TOWN ESTATES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 JULY2025 14 Invèstment property IContinu¢d) In resrd of the investmènt properties held at vabjalion. the cx)st and ojmparable c9rylng amount that would have been recognised Jf the investment prope"e5 had been carfied under thè h(stori¢ cost model are as follows." 2025 2024 Cost Accumulat deprouation 1.775,783 1,515.783 Carrying amount 1,775,783 1,515,783 15 Debtor¥ 2025 2024 Amounts falllno du• wllhln on• Yr. Tradè debto Prepaymen18 and accrued incom¢ 2,158 4.410 4,724 4,127 8,851 18 Credltor¥: amounts falllng duo wlthln on• r 2025 2024 Other tsxalion and 80ual security Trade creditors Awu81g and detsrred income B03 740 12,213 1.392 24.087 13,756 26,479 17 Endowm•nt fund• Endowment fijnds r9presenl a8sel8 which musl bè held pennanenlty by tho charfty. Income ari$lng on the endowment funds can be used in accordance with the objects of the ¢harty and 1$ Induded as unre$lri¢ted income. Any caprtal gains or h)sses on the 8s8ets lom part of the fund. At 1 August 2024 Galn• and IoMs At31 Juty 2026 Pomianont •ndovfflwnts Rèvaluation reseNe 239.217 275,CK)O 514.217 12-
LUTTERWORTH TOWN ESTATES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 17 Endowmtrnt fund• (Continued} Previou¥ year: At 1 August 2023 Gains and los$es At 31 July 2024 Pwm•rtènt •ndowm•nts Revaluathon reserv8 239,217 239,217 18 R•strlctsd fvnds The restricted funds of the chanty comprise the unexpendgd balances of donab.ons and grants held on trust subject lo speufK conditions by donors 8$ to how they may be used. At 1 August 2024 At 31 July 2025 High Polnt bulld costs Heritage Centre and Lutterworth Museum frt-oul Continuin9 dgvelopmenl of tha Heritsg6 Centrg and LutteThvorth Museum 250.000 30,000 45,0(MJ 250.0 30.WO 45,000 325,000 325,000 Pr•vlou• year. At l Augu•t 2023 At 31 July 2024 HSgh Point budd costs Heritage Centre and Lutterworth Musèum fft-out Continuing d•veknprn¢nt oflhe Hontage Contrè and LutteTrvorlh Museum 250.0 30,CKJO 45,(0 250,000 30.000 45.000 325,000 325.000 Hlyh Point build ¢Mts These grants were recei¥ed from Harborough Districl Counc41 and GLP as ntribUtionS towards the conslrUcln of an improved and modem museuffl buikjing in Lutterworth tryn centre. H•ritsg• C•nh and LUttOorth Mu#•um fft-out This grant wa5 received frorn GLP to help frjnd Ihe inlwnal fft-out and d&velopmenl of thè H8rltage Cenlro space and Luttetworth Museum. Contlnulng Developm•nt ofthe Hor Centre and Lutt¢mrfh Mus•um This grant was received from GLP lo fund Ihe employment of professional resources or an individual. who wll hèlp develop, 18und) and estsblish a suStainae opetaling model lor both Ihe Herrtage Centr8 and the Luttefworth Museum. 13-
LUTTERWORTH TOWN ESTATES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2025 19 UnrtrIcted funds Thè unr85tricted hjnds oflhe charity ojmwise the unexpended balarKes of th)nations and grants which are not subjèct to spe¢tfi¢ nrtn$ by donors and grantors as to how they may be used. These include désignal8d funds whid) have been sel aside out of unre5tricled lunds by the trustee5 for 5pecAfic purwses. At 1 August 2024 Incoming resources Ro$our¢•s expended At31 July 2025 Gèneral fiJnd# 1.708,627 93.013 192,8051 1,708,835 Pr•vious Yr. A¢ l Augu•t 2023 In¢oming Rosour¢ our¢ expènded At 31 July 2024 General lunds 1.708.527 88.399 (88,2991 1.708,627 20 An•fy•l• ol net a•J•ts betwwn fvnds Unr•sblct•d RMtrl¢t•d Endowment fund8 nd8 funds 2025 2025 2025 TotAI 2025 At 31 Juty 202S: Tangibb a5set8 Investment propertles Currtnl assetsl0iabilrt$) 28.327 1.545.783 134,725 28,327 2,340.000 179.725 280.CQO 45,OLTh) 514.217 1.708,83S 325,} 514,217 2,548,052 Unrnstrlct•d RMtrICt Endowm1 funds nd¥ fund¥ 2024 2024 2024 Tot•1 2024 At 31 Juty 2024: Tangible assets Investment prorti1$ Currenl assotsllk8bilrb•8) 19,370 1,545.783 143.474 19,370 2,C65,000 188,474 2BO.C 45,¢)CKI 239,217 1.70B.627 325,01 239.217 2,272.844 21 Relat•d party trnn•a¢tion• There were no disdosat4e related party transacthjns during the year {2024- none). 14_