LEVERINGTON FEOFFEES CHARITABLE TRUS FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th JUNE 2025 LEVERINGTON FEOFFEES CHARITABLE TRUSTS INDEX Page Report of the Tnthos 1TrIep￿derrt Examlmrfs Cl*ke¥ Musrc SeNices T￿￿t Statement of FIn￿cIal Re￿1 n Sickn955 Fund BalW￿ SI￿1 Lands Scheme Chanty Statemenl of Financial A(alvili Balaft￿ Sheet 10 To*n Land8 EdUCa￿nal Found Statement of Adiviles Balanco She61 11 12 Notes lo Iho Aeetyjrts 13 LEVERINGTON FEOFFEES CHARITABLE TRUSTS LEGAL AND ADMINISTRATIVE INFORMATION The charities th8 Comm(￿ Cc￿tr￿ of Leveringlon Feoffees are a5 fdl(M5: Charity MJrrt>or 269579 273753 311325 232526 Clarke's Music Serwces Trust Leverington Relief in &'ckness Fund Town Lands Educati￿al FoUr￿allOn To*n Lands New Scheme (includir4J Philip tharllon, Wlham Hah￿In5 & Town Hous8 endornts, ttyether John Swaine. Ellard Griffin. Thomas Criplin and Thomas Swaine (under S￿l$l$ting Trusts)) cHAIR￿N E Nth￿ing TRUSTEES n￿)inated.. E Bramley Leverington Parson Drove P W￿laM9 Co-cvted. M Humphrey R A Littlechild D H Ne44rfiThJ E Nthth'ng A Keti J Everall S Kublik L Sandall L Turr*r D Ball Ictsimwi) CLERK TO THE TRUSTEES Mrs R Ga 78 High Road Gorefield WISBECH. Carnb5 INDEPENDENT EXAMINER C L Smithee FCCA T C Gr(MJP G14. The Boalh¢)use Business Centr8 1 Harbour Squar8 WISBECH. Camb$. PE13 38H Page I LEVER1￿TON FEOFFEES CHARITABLE TRUSTS REPORT OF THE TRUSTEES Trusts￿ Roport The tyustees present their report and financial statemenls for Ihe >ear ended 30th June 2028. The charities under tho coMmC￿ control of the LBveringlon Faoffe8s aro rA)nstitut8d by a Deed of Tnjst and are registered charittes as Sho￿ on page one. const1t￿lOn and objects The ow5 of the ￿￿￿tIeS arè as follo￿..- Town Lands Charity- to reli8v8 either generally or indithlly persons resid￿1 in the parish of Leveringlon las al 31 sl Marth 19941 or wdows in the P￿ISh of Nevrton. are in conditions of ￿ed, hardship or dislres5 by way of fflth.ng grants of mcffley or provith'ng or pawng for items. services or facilities, or by way of donatM)ns or subscriptM)ns to inskntuticffls or cryanisalicffls Wthich provide Ihe the same. Undgr a charity scherne dated 291h Awil 1994. the Tovm mana98d as Lands, John Swaine. Thomas Swaine. &lard Griffin and Thomas Critth"n chari11￿ are 8dminisiered and managed 89 Port of the TON￿ Lands Charity. Leverington Relief in Sickness Fund - to relieve in cases of need, p8rsons r89ident in the Parish of Leverington who are sick. convalesGenL di5abW. h74KIKappgd or infinn. Clarke's Music Service Trust- lo t¥0￿de grants to kral nMMians in need of f*)ancial help. Tovm Lands Educational FthJThdation . to pr(MMle education of thiklren and young peTson5 resident in the Parishes of Gorefield, Lewington and ParKm fkove by vray of payments for higher education, attending lo their he¥lh w physi¢al ¢onditK)n. prowding suwl appliances and glasses as newtssary. Organisatlon and admlnlstratlon The cwn¢il of trustees Is as ShCA￿ on page 1. App)inbrtht of Tmslee$ is govemed by the Trust Deed of the charlty. The Board of Trustees is auth￿iSed to aPr￿t new truslees to fill vacan(4es arising through resNJnation (f death of an existing trustee. Thg charity is organised so that ts trustees meel regulaty lo ifs affairs. Ther8 is a clerk to the tnjslees I￿0 receives an honorarium each )Ear vlith the trustees volunteering their free ol charge. There have been no changes in the pokies of the chty the last report. Grant maklng pollcy and publlc benofft The ir￿e of fund is distrtsuted in accordance wFlh the c4)J•* of Ihe various charities. The Trustees have ccffitinued lo give attention to provith'ng •JucalK>nal assisiancfj ts 5th￿)1 leavers and supporting requests by the needy for g￿ts. The Chadton's t>ol6 distribul1c￿ was made to 131 ehgible p￿$￿$. The Trustees have paid due r•Jard to Ihe ￿arity CLYMiissK>n g•Jance ￿ publtc b￿￿ffit in d8cwJing what aclivities and indmthals Ihe ch￿ltieS sh￿Id ￿pprrfL Page 2 TON FE CHAJUT REPORT OF THE TRUSTEE Fln0n¢lal rnvl•w and iTr¥•stm•nt polky Th8 Trusl Deed athorf$os the trustees to fnakè and ￿ld investm￿. I￿$1M￿￿ h8ld have b8en ar4ured in accordancè with th• Trusl Deed. Oeiails of the various Charli￿S. inc(xne and experyjllure and fiD8ncial positim as al 30th Juno 2025 oro sel out on pag8s 6 10 14. These fina￿181 ststwwits SIK￿k1 be re￿ ￿ c￿lunG11￿ ￿1th their related notes. The Tru51ees will c￿linUe to mathwse thew investft￿ts to enswe there is suffKtenl income lo m881 their targots for grants and di51ribulion& The assets and invostmenls are ind8p8nd8nly ravw*d (In an annual basis lo enwre thal income d long.temi grn¥th we acl*8v￿. In th¢ opinion of lh8 1rust￿ tho charities. slate ol are ThM>sl 5atisfathy. Funds avallabl• The wesenl level of lunding is adffjuate to support the ¢ty)tinu•b￿ of Iho ¢kn8ritieg' ob￿$ and p[￿K1P81 actiwlies. Slat•m•nl of Trwt••J' R•spoMlbUIII•s The law applKable lo charities in En*nd & w￿8$ rwuygs tho trusleos lo prgpare fffian¢lal $talèm8nls for each financial ygar Show a true and fair viaw of the affai￿ ol the tharity and its financlal aGlivili05 for Ihat ￿riOd. In pieparfrwd thosè financial stat￿￿nIS. the Trusle8s are required to:. - s8lecl suitable accounlirvJ pdicies and th￿ apply th8m c￿51$￿1￿. - make judgem8n15 and 851imatas that arè rèasona￿• arKI prt￿nI - slate whether applical￿o slandards and statem￿ts of rKrym)￿•d wactice have b8en lollrmfjd s&JJecl lo any departures disd0s￿ and explain￿ in Ihe financial stsi8m6nts,' and - prepare the financial statem8nls on the going concern basis unloss it 18 inappfopriale to wesum8 Ihal th• charity V*ill continuo in op¥a￿n•1 exislw. The trustees are responsible lor keeping proper rec￿d5 vknich thsdose 4*ilh reasonable 8ccuracy al any limo the finonci81 posilion of the charity and to enable them lo ensLtre that the financial sialements ¢Thrwly wilh (Ihe AGI,). They are also re¥J(mible for safeguarding lh8 assets of the charity and h8nce for taking r8ascfflable steps for the wevenlion and deleclion of fraud and olher irregularili8s. Approv•1 This rep(xt was ap by Ihe trustèès and signad on I￿1r belwlf: Chairman Daled: Pag? 3 CHARITAB PENDENT EXAMINeR'S REPORT TO LEVERIN E TRUSTEE I raporl cffi t￿ a¢cwnts d the Trusts lh& yaar 3)Ih 2025 vthich we 8Ot out page86 10 14. R•1￿ctIv• r•spon•lbllltle8 of tru•tM• •nd •xan Tha charivs tfUSt888 are ￿¥￿￿1b10 wepwallon of tha The trusleos consider that an audil Is rfjqui￿d this yaar lh8 A(a 2011. s. 14412) f lh• kri d Ihal an InWandenl examknaticffi is needed. 11 is my r8sporffjibility ¢0: 6xamine the 8￿nts under s¢clicn 145 cl the Actr. follow Ihe pro¢*Jur8s laid in the Gweral oiractlc￿ by the Chaiity CA￿￿71￿0n lundor sedon 14￿5> (b) of tha Act; stato particul¥ mattérs have ctyne to my allenti(ffi. Ba818 ol Inthp•rKl•nt •xaml*• r•port My 8xamlnation was canied In ￿c￿danC0 ￿ Ihe General Direclic¥B given by Ihe Charity Commi$$ion. An examlnatic¥b includes a review of the accowrting records kept by th8 chafity and a cA)mpris¢n of the accounts wosented ttK)se rwds. It also incI￿leS consFdwalA)n of any unusual Items ty ds¢105ures in tho a¢ccwnts. end 8eekiNJ eXpl￿tiOnS fr(Th you as InJsteg8 con¢eming any such matt•rs. The procedures uTrJwtsken do not all thg evKlence th81 would be reqwred in an wdil. and C4w￿lIY no is given as to whether th6 a¢o)Lmls esonl a and falf •vJ the i¢pcAI is I¥¥bI￿ to matlws séi c￿1 in ts stslemenl bekA¥. Indep•nd•nt •y•mln•f• •tAt•m•nt In conne¢llon *Thlh ry exaN¥natKm, no mattw ¢cfflo lo my attentkn: <1) Athlch givas me roa8onth ca￿8 lo ljekn #i. ￿Y nthial rèspecl, the fwUlrem￿ts .' to keep accountwig records in acCOrdw￿ *ilh sèt*on of Iho kt,. aThJ to prepawe accounts whith accord *ith tho acc(xx)lirKJ ro¢ords a￿j cornplyth Ihe accounting re(pJirements of (Mh8 Pour Squar6 WISBECH. Cambri(198shi PE13 3BH Pap4 LEVERINGTON FEOFFEES CHARtfABLE TRUSTS CLARKE'S IAUSIC SERVICES TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30th JUNE 2025 Unr•strlcted Endowmènl Funds Fund 2025 2025 Total 2025 Tolal 2024 INCOME Dividends- COIF Investment Fund 197 197 193 TOTAL INCOME 197 197 193 EXPENDITURE Dyect Charitable ExpeThlilure - MUS￿ Granls Management and Administration Exp8rk Clerk's Salary Accountancy Fees 50 60 50 60 TOTAL EXPENDITURE 110 110 110 NET INCOMEI{EXPENDITURE) FOR THE YEAR 87 87 83 NET GAINSI{LOSSESI ON INVESTMENTS Unreallsed galnl(loss) on revalUalk￿ of Investments 302 302 528 NET MOVEMENT IN FUNDS 87 {3021 {215) 611 TOTAL FUNDS BROUGHT FORWARD at 1st July 2024 1.124 7.173 8.297 7.686 TOTAL FUNDS CARRIED FORWARD at 30th June 2025 1,211 6,871 8.082 8,297 LEVERINGTON FEOFFEES CHARITABLE TRUSTS CLARKE'S MUSIC SERVICES TRUST BALANCE SHEET AS AT 30th JUNE 2025 Funds 1025 Fund 2025 T¢Jtal 2025 Total 2024 FIXED ASSETS Investments- 352.60 Shares COIF Investment FuThJ Income Units - al Va￿ation 6,871 871 7,173 TOTAL FIXED ASSETS 6.871 6,871 7.173 CURRENT ASSETS Cash held by TownlaTrts New Sthme 1.271 1.271 1.271 1271 1,184 1.184 Creditors'.amounts falling due vAthin one ￿r NET CURRENT ASSETSIILIABILMES) 1,211 1.211 1,124 TOTAL ASSEfs LESS CURRENT LIABLMES 1.211 6.871 8,297 NET ASSETS 1.211 6,871 8.082 8.297 TOTAL FUNDS OF THE CHARrrY 1.211 6,871 8,082 8,297 LEVERINGT CHARITABLE TRUSTS KNESS FUND ATEMÉNT FINANCIAL AC FOR THE YEAR Ell ITES Unr•strlctgd Endtyivm¢nt Fund• Fund 2025 2025 Total 2025 Tolal 2024 INCOME Investmont Income Interest- Deposil account TOTAL INCOME EXPENDITURE Dtrect Charltabk Exp8rKlilure. Land Management a￿1 AdmInislrax￿ Expenses Clerk's Sal AccountavKy Faos 50 TOTAL EXPENDrruRE 110 110 NET INCOMEI{EXPENDITURE) FOR THE YEAR (110) 1110) (110) NET GAINSI{LOSSESI ON INVESTNEIITS Reallsed tllsposal of knveslmert NET MOVEMENT IN FUNDS (110) 1110) {110> TOTAL FUNDS BROUGHT FORWARD at 1st Juty 2024 6.11 0,106 8,216 TOTAL FUNDS CARRIED FORWARD at 31Mh Jun• 2025 5,996 6.106 Page 7 LevERINGTON FEOFF NE Funds Fund Total 2025 Toial 2024 CWRENT Assm Deblors Cash held by Townlands New Scheme 6.060 6,186 6,068 6,166 Creditor8:amounl$ fallkvJ (hje vmlhin one NET CURRENT ASSEfMuABILITE8) 5,996 6.106 TOTAL ASSET8 L&88 CURRENT L148LrnES 5,998 6.106 NET ASSETS 6.106 TOTAL FUNDS OF CHARITY 6,106 Pag8 8 LEVERINGTON FEOFFEE OS NEW SCHEME RPORAnNG TOWN LANDS THOPIAS CRIPLIN JOHN SWM4E THOM SWAINE AND ELLARD GRIFFIN CHARITIES STATEMENT OF FINAN E 2025 Unro8irlcl•d Endowm•nt Fundl Fund 2026 Total 2025 Total 2024 INCOME Renl Inveslment Incom8 38.257 38,257 38.109 Irbteresl - Bank arKI Deposit Dividends- COIF Investmenl FurKI 12 11.03e 12 11.036 11 10.364 TOTAL *4COME 49.305 48.484 EXPENDITURE DIT•ct Charltabl• Exp•ndftur• Grants & donalions - Charllon's Oole - Tovffl L￿d5 E￿ca￿nal FurKI Music Individuals 9.225 25.5 9,225 25,500 9,875 22,150 500 9.300 13.010 13,D10 Admlnlstratlon In8urarice Land malnlenance Clerk's Salary Gen&ral Expense$- Allotmerts & kth.5cel1￿ouS Accountancy Fees Professional Fees 290 3,8SO 171 1,740 5,805 3,650 157 1,740 2.143 171 1.740 5,805 TOTAL EXPENDITURE NET INCOMEI(EXPENDrruRE> FOR THE YEAR NET GAINSI(LOSSES) ON INVE8TMEfrITS Unreallsed galnl{lossl on revaluatM)n of inveslments (10.286) (10,2801 (1,785) 3,883 4,685 18.675 Transfer beh¥een fvnds NET MOVEMENT IN FIJNDS 19.484) 3.883 15,601) 1e.890 TOTAL FUNI)S BROUGHT FORWARD at 191 July 2024 TOTAL FUNDS CARRED FORWARD al 30th Jun¢ 2025 1,670.950 1.729.7 1.712,￿8 49.364 1.674.833 1,724.197 1,729.798 INGTON CHARITABLE TRUSTS SCHEME CH•RITY THOMAS CRIPUN GRIFFIM CHAR CORP MAS SWAIN AND EET AT Unro•trlct•d Endtythi•nt Fund• Fund 2025 2025 Total 2024 2025 Note FIXED ASSETS Investmént Property- Land lrtanglble Asset 1.349.X17 1.349,307 5,993 1.349.307 S.993 Inva$lm8rts. COIF Inve81ment Irwno Un*$ Cofunds Unit Trusts - P*gon Trusl Fund Aegon Tnjsl Fund ief UR COIF Prop8ty Fund 69.111 197.709 69,111 197.709 72,142 191.559 39,042 61,949 39.844 52.713 319 $33 1,674,833 39.844 359,377 1.714,677 TOTAL FIXED AS8Ers CURRENT ASSETS D•btors Cash at B￿k Bank Deposit 219 31,978 219 31,978 219 40.409 836 33.045 41,464 Credikns'.amounts fallYvJ due wrlhwi ¢)n8 ytar Cash hekl on behaff ol Ethcationa FurKI Cash h¢kl on behalf ol Clwke's Musk Servte Tfust Cash held ¢)n behalf (rf Rellef kn Sh*ness FurKI 1,741 14.458 1.271 1,741 14,458 1,271 1.741 12.568 1,184 6.165 NET CURRENT ASSETSI(LIABILITIES) 9,520 19.806 TOTAL AS8ET8 L&S8 CURRENT LIABIUTIES 1.674.833 1,724197 1.729.798 NET ASSETS 49.364 1.674.833 1724197 1.729,798 TOTAL FUNOS OF THE CHARrrY 49,364 1.674.833 1,724,197 1.729.798 Page 10 RINGTON FEOFFEES CHARITABLE TRUSTS TOWN LANDS EDUCATIONAL FOUNDATION TIES END Funds 2025 Fund 2025 Total 2024 2025 INCOME Inveslmenl kn¢ome Donation- Town Lands Ch*ity DNldends - COIF Investment Fw Interest - Bank Deposit ACCO￿71 25,SOO 1,824 20 22,150 1,785 32 1,824 TOTAL INCOME 27.344 EXPENDITURE Dwect Charitablo Emponditwe. Grants to 25.5(10 25,800 22.150 Clerk'$ Salary Aecounlancy Fees TOTAL EXPENDITURE 25,610 NET INCOMEIIEXPE•IDfniRE) FOR THE YEAR 1.734 1,734 1,707 NET GAINSI(LO8SE8) ON INVESTMe14TS Unrealiged gaIn￿{lo$S¢s) on r•rdluation of inveslmfr 2.789 NET MOVEMENT IN FUNDS 1.734 (2.789) 11.055) 6,$97 TOTAL FUND5 BROUGKf FORWARD •11st Juty 2024 15.136 06.378 81.514 74,917 TOTAL FUNDS CARRIED FORWARD at 30th Jun• 2025 16.870 63.589 80,459 81,514 Page11 LEVERIIGTON FEOFFEE CHARITABL us TOWN LAJ4DS EDUCA 10 BALANCE StrEET AS AT 3 NDATION Fund• 2025 Fund Total 2025 Tolal 2024 FIXED ASSETS Investm&*- 3263.12 Shares COIF Inveslmenl FLMXI Income Units - al ¥￿allOn 66.378 TOTAL FixeD ASSErs 83.589 CURRENT ASSETS Cash al bank ITolffiGl￿d & Swalne Bank Deposil 14,458 2.642 17.1(X 14,458 12.5e8.00 2,798 15,366 17,100 Credilors'.amounts f8lllng the **hln 230 230 NET CURRENT ASSETSI(LIABLffies) 10.870 IQ870 15,136 TOTAL ASSET8 LESS CURRENT LLABIUTIES 16.870 63.589 80,4S9 81.514 NET ASSETS 63.589 80,459 81.514 TOTAL FUNDS OF TrE CHARITY 16.870 63,589 80,459 81.514 Page 12 RINGTON FEOF HARrrA8LE TRUSTS NOTES T THE ACCOUNTS THE YEAR ENDED 3 1. Ac¢ounllng Poll¢l A¢¢ountlng conventlon The flnanclal stataments are wepwed under the listori¢a cost conventK¥n as mc*Yifthfj by the inclusion of Investments al ma￿et value and in accordance with appbiGable accounllng standards. In preparing the financial sialemenls the chaT￿Y follows best praclise as laid dijwn in Ihe Statement of Recommended Praclke: Acwunlin9 and Reportlng by Charilw. (SORP 2015) (aff￿¢r￿ 1 Jarx4ry 2015.) Income- Rent is dealt wlth on a cash basis. No aGGow￿ has been taken of rent prepaid or accrued. Accrued income has been fly ￿￿8$1￿1 ir¥￿me rKel¥able. Exwndltur•- Expendlture i8 Induded on an &¢nJats basis. Expenditure fKlud88 wipA VAT whlr* cannol b8 rocovered and is réported as wt of Iho eXp￿diture lo which It relates. Invutm•nt8 - Cuffenl Asset Inveslmerts are valued a5 f<h¥s,' a) COIF Inveslmenl Furrfl IrKome Unlts at value published by Chwlies OffteAal Investment Fund. b) M & G Charilund at v*e pu￿1Shed by M & G se￿rIties Liniled. ) Unll Trusts held under the umtyella of Cdunds Ltd al puFAisl*d bkl vdue at Sheet date. d) COIF Prowty FurKI at published bkl Val￿ at 8alan¢o Sl*el date. Reallsed and ￿realISed gths and losse8 tm knvestmonts wth in Ilw St*ement of Flnan¢lal ACtrrfIt￿. Land- Th Truslees have Valu￿ Ihe l*xl h8hJ for KNeslmenl purp￿ at 30th June 2025 on Iho b8518 of current r￿m8￿nces. al appr0￿matelY£4.Ooo pw atte for Awltural Holdings, and £8.000 pw acr8 for Farm 8uslnoss Tenancies. The Trusteés belove that valuatw is aptxorAth 8t tlNs time. Tax•tlon - As charilable Org￿l$al￿5. ￿ne of Ihe fund5 ￿ Subpd to IrKX)ffte Tax. and therefore interest and investment income ts sho*fft &Yoss rg¢elv6d. The charilies arn Ir*'ble to reclaim input VAT and al expenses are shovm i￿￿$1¥e of vaue Added Tax. 2. Town Lands Seh•m•- Flx•d eniF Co81 and V4luatlon: Al 1st July 2024 Revalualfon Additions Di5Fx>sals (deemed cosi) 1.349.￿7 AI 30th June 2025 N•t Book Valu•: As al 30th June 2025 1.349.307 As al 301h June 2024 1.349.307 The original cost ol Land sh¢y•m at valualion is £470.959.(KI. Pago13 LEVERINGT U8 ACCOUNT PIOTES T TH OR 3. T•)wn Lands Sch•m•. Intwwlbh As••ts tan End Iblo Asset8 G•n•rJl Pur EntIUeM￿ts PThght Forward Addilions Value as at 301h June 2025 5.g93 Fu n•ral Pu Market val￿ Brought Forwwd Less D￿pOS* al cawyir¥J value Invested Add nel gain(b55) on revaknlion Mwkel Value as al 30 2025 36.426 299.592 36,426 Page 14