THORPE LANGTON TOWN LAND CHARITY Worklputpose is to provide 5ubsidised housing for local not so fortunate m¢mb¢rs of our community. We also provide educational grants for students and apprentices, allotment siles for the parish and maintenance of the Defibrillator located in the parish. Our income is derived from house Tental and investments. our monies have mainly been spent on the housing stock upkeep. A WMARLOW CHAIRMAN OF THE TRUSTEES TRUSTEES ANNUAL REPORT FOR CHARITY NUMBER.. 222020 THORPE LANGTON TOWN LAND CHARITY REGISTERED CHARITY NO: 222020 FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 berry accountants Itd Bowden House 36 Northampton Road Market Harborough Leicestershire LE16 9HE Page I THORPE LANGTON TOWN LAND CHARITY REGISTERED CHARITY NO: 222020 STATEMENT OF FINANCIAL ACtIVlTIES YEAR ENDED 30 SEPTEMBER 2024 Total 2024 Total 2023 INCOME Property rents gross COIF Charities Investment Fund Income Unit5 35,916 21,339 195 194 Interest 2,469 38,580 1,417 22,950 Total Income EXPENDITURE Property repairs and maintenance Letlins commissions Insurance 22,665 23,495 6,715 1,690 2,561 1,625 370 Administration costs Educational grant scheme Bank charges Legal lees Rates and utilities 500 63 69 1347) 11981 1,556 29,829 Total Eypenditure 30,935 Surplu5 06 Income over Expenditure 7,645 16,8791 Other recogni5ed gains and10s5es Profit on investments unrealised 693 87 8,338 16,7921 Net movements in funds Balances brought forward as l October 2023 1,692,436 1,699,228 Balance5 carried forward at 30 September 2024 £ 1,700,774 £ 1,692,436 Page 2 THORPE LANGTON TOWN LAND CHARITY REGISTERED CHARITY NO: 222020 BALANCE SHEET YEAR ENDED 30 SEPTEMBER 2024 Note 2024 2023 FIXED AS5ET5 Land 39,710 1,535,0(X) 39,710 1,535,000 Property Investments 1,581,982 1,581,289 CURRENT A55ET5 HSBC Current account 13,544 8,368 HSBC Deposit account Markei Harborough Building Society 105 246 102 777 118 792 111,147 £ 1,692,4J6 NET ASSETS £ 1,700,774 Represented by-. Accurllulated Fundg £ 1,700,774 £ 1,692,436 Approved by the Trustees of Thorpe Langion Town Land Charity and signed on its behalf by Trustee Page 3 THORPE LANGTON TOWN LAND CHARITY RECISTERED CHARITY NO- 222020 NOTES TO THE ACCOUNT5 YEAR ENDED 30 SEPTEMBER 2024 11 ACCOUNTING POLICIES The accounts are prepared under the historical c05t convention with the ex￿ptIon ol lixed a55et5 and investments which have been revalued and in accordance with Statement ol Recommended Practice.. Accountin8 and Reportin8 by Charities las applicable to ihe smaller charity) and all applicable Accounting Standards. bl Transactions are accounted for on a receipt5 and payment5 ba515. cl Fixed Asseis Land is Valu￿ by the trustees based on local agricultural values Properties are valLJed by independent valLJers at market Value Investments are staled at bid market value Gains or losse5 on fixed a55ets, whether realised or unrealised, are disclosed in the statements ol fixed asset 8ains and movement on lolal funds in the year in which ihey arise. Realised gains or 1055e5 on fixed assets sold in the year are calcubated as the difference between the amount at which the fixed assets were valued at the beginning of the year lor cost if purchased during the yearl and sale proceeds. 21 FIXED ASSETS Investments Land Properties Total 2023 Market Value- 1 October 2023 Additions Disposals Revalvation Net Unrealised Profits Market Value- 30 September 2024 6.579 39,710 1,535,000 1,581,289 1,581,202 693 693 87 £ 7,272 £ 39,710 £ 1,535,000 £ 1,581,982 £ 1,581,289 Properties were valued by independent surveyors in March 2022 at £1,535,000. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND MEMBERS OF THORPE LANGTON TOWN LAND CHARITY I report on the accounts ol the Trust for the year ended 30 September 2024. Respective responsibilities of trustees and the examiner The charity's trustees are responsible lor the preparation ol the account5. The Charity's trustees consider that an audit Is not required for this year under section 144121 ol the Charities Act 201 I (the 201 l Act) and that an independent examination is needed. It is my responsibility to.. exarnine the accoun15 under section 145 of the 2011 Act- lo follow ihe procedures laid down in the general Directions given by the Charity Commission under section 1451511bl of the 2011 Act,. and To state whether particular matt￿5 have come lo my attention. Ba515 of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination Includes a review of the accountins records kept by the Charity and a comparison of the account5 presented with those records. It also includes consideration of any unusual items or disclosures in the accotJn15. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as lo whether ihe Accoun15 present a 'true and fair view. and the report is limited lo those matters set out in Statement below. Independent examiner's statement In connection with my examination, no rnatter has come to my attention.. 111 which gives me reasonable cause to believe that in any material respect the requirements:_ to keep accounting records in accordance with section 130 01 the 201 l Act; and to prepare accounts which accord with the accounting records and comply with the accountin8 requirements ol the 2011 Act. have not been met; or 121 to which, in my opinion, attention should be drawn, in order to enable a proper understanding ol Ihe acco t5 to be reached. Signed: MRS R WALDEN FCCA BERRY ACCOUNTANTS LTD CHARTERED ACCOUNTANTS BOWDEN HOUSE 36 f*ORTHAMPTON ROAD MARKET HARBOROUGH LEICESTERSHIRE LE16 9HE Dated.. )L"S aLuJ4 THORPE LANGTON TOWN LAND CHARITY REGISTERED CHARITY NO: 222020 FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2024 berry accountants Itd Bowden House 36 Northampton Road Market Harborough Leicestershire LE16 9HE Page I THORPE LANGTON TOWN LAND CHARITY REGISTERED CHARITY NO: 222020 STATEMENT OF FINANCIAL ACtIVlTIES YEAR ENDED 30 SEPTEMBER 2024 Total 2024 Total 2023 INCOME Property rents gross COIF Charities Investment Fund Income Unit5 35,916 21,339 195 194 Interest 2,469 38,580 1,417 22,950 Total Income EXPENDITURE Property repairs and maintenance Letlins commissions Insurance 22,665 23,495 6,715 1,690 2,561 1,625 370 Administration costs Educational grant scheme Bank charges Legal lees Rates and utilities 500 63 69 1347) 11981 1,556 29,829 Total Eypenditure 30,935 Surplu5 06 Income over Expenditure 7,645 16,8791 Other recogni5ed gains and10s5es Profit on investments unrealised 693 87 8,338 16,7921 Net movements in funds Balances brought forward as l October 2023 1,692,436 1,699,228 Balance5 carried forward at 30 September 2024 £ 1,700,774 £ 1,692,436 Page 2 THORPE LANGTON TOWN LAND CHARITY REGISTERED CHARITY NO: 222020 BALANCE SHEET YEAR ENDED 30 SEPTEMBER 2024 Note 2024 2023 FIXED AS5ET5 Land 39,710 1,535,0(X) 39,710 1,535,000 Property Investments 1,581,982 1,581,289 CURRENT A55ET5 HSBC Current account 13,544 8,368 HSBC Deposit account Markei Harborough Building Society 105 246 102 777 118 792 111,147 £ 1,692,4J6 NET ASSETS £ 1,700,774 Represented by-. Accurllulated Fundg £ 1,700,774 £ 1,692,436 Approved by the Trustees of Thorpe Langion Town Land Charity and signed on its behalf by Trustee Page 3 THORPE LANGTON TOWN LAND CHARITY RECISTERED CHARITY NO- 222020 NOTES TO THE ACCOUNT5 YEAR ENDED 30 SEPTEMBER 2024 11 ACCOUNTING POLICIES The accounts are prepared under the historical c05t convention with the ex￿ptIon ol lixed a55et5 and investments which have been revalued and in accordance with Statement ol Recommended Practice.. Accountin8 and Reportin8 by Charities las applicable to ihe smaller charity) and all applicable Accounting Standards. bl Transactions are accounted for on a receipt5 and payment5 ba515. cl Fixed Asseis Land is Valu￿ by the trustees based on local agricultural values Properties are valLJed by independent valLJers at market Value Investments are staled at bid market value Gains or losse5 on fixed a55ets, whether realised or unrealised, are disclosed in the statements ol fixed asset 8ains and movement on lolal funds in the year in which ihey arise. Realised gains or 1055e5 on fixed assets sold in the year are calcubated as the difference between the amount at which the fixed assets were valued at the beginning of the year lor cost if purchased during the yearl and sale proceeds. 21 FIXED ASSETS Investments Land Properties Total 2023 Market Value- 1 October 2023 Additions Disposals Revalvation Net Unrealised Profits Market Value- 30 September 2024 6.579 39,710 1,535,000 1,581,289 1,581,202 693 693 87 £ 7,272 £ 39,710 £ 1,535,000 £ 1,581,982 £ 1,581,289 Properties were valued by independent surveyors in March 2022 at £1,535,000. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND MEMBERS OF THORPE LANGTON TOWN LAND CHARITY I report on the accounts ol the Trust for the year ended 30 September 2024. Respective responsibilities of trustees and the examiner The charity's trustees are responsible lor the preparation ol the account5. The Charity's trustees consider that an audit Is not required for this year under section 144121 ol the Charities Act 201 I (the 201 l Act) and that an independent examination is needed. It is my responsibility to.. exarnine the accoun15 under section 145 of the 2011 Act- lo follow ihe procedures laid down in the general Directions given by the Charity Commission under section 1451511bl of the 2011 Act,. and To state whether particular matt￿5 have come lo my attention. Ba515 of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination Includes a review of the accountins records kept by the Charity and a comparison of the account5 presented with those records. It also includes consideration of any unusual items or disclosures in the accotJn15. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as lo whether ihe Accoun15 present a 'true and fair view. and the report is limited lo those matters set out in Statement below. Independent examiner's statement In connection with my examination, no rnatter has come to my attention.. 111 which gives me reasonable cause to believe that in any material respect the requirements:_ to keep accounting records in accordance with section 130 01 the 201 l Act; and to prepare accounts which accord with the accounting records and comply with the accountin8 requirements ol the 2011 Act. have not been met; or 121 to which, in my opinion, attention should be drawn, in order to enable a proper understanding ol Ihe acco t5 to be reached. Signed: MRS R WALDEN FCCA BERRY ACCOUNTANTS LTD CHARTERED ACCOUNTANTS BOWDEN HOUSE 36 f*ORTHAMPTON ROAD MARKET HARBOROUGH LEICESTERSHIRE LE16 9HE Dated.. )L"S aLuJ4