THE LANGTREE TRUST
(Charity No. 232924)
Trustees Re
ort and Financial Statements
for the Year Ended 30 Se
tember 2024

THE LANGTREE TRUST
Contents
Legal and Administrative information
Report ofthe Trustee5
2-4
Receipts and Payments Account
Statement of Assets and Liabllitles
Independent Examiner's Report

THE LANGTREE TRUST
The Trust Is a registered charity constituted under its Foundation Deed dated 14th December
Ih
1963, amended on 25 June 2007 by Re501ution of the Trustees. Charity Registration Number
232924.
The Trustees
During the year the Trustees were:
Ms L Lockwood
Mrs K Bertram
MrREWay
Mr W Conway
Mr S Thorpe
Ms R Morgan
Chair
Secretary
Treasurer
Principal Address
Clo Xeinadin South Wales & West Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GLIO 3UT
Independent Examiner
Xeinadin South Wales & West Limited
701 Stonehou5e Park
Sperry Way
Stonehouse
Gloucestershire
GLIO 3UT
Bankers
CAF Bank Ltd
25, Klngs Hlll Avenue
Kings Hill
West Malling
Kent ME19 4JQ
Investment Managers
Schroder & Co. Ltd
Tla Cazenove Capital Management
12 Moorgate
London EC2R 6DA

THE LANGTREE TRUST
Report of the Trustees for the Year ended 30th September 2024
The Trustees are pleased to prcsent their report iogether with the financial statements for the
Year ended 30th September 2024. The financial staiements have been prepared in accordance
with the applicable accountin8 policies thal comply with the charity's trust deed, the Charities
Act 2011 and thestaiement of Recommended Practice on Accounting and Reporting bycharities
SORP. The Financial Statemonts comprise a Receipts and Payments Atcounl for the Year and a
Statement of Assets and Liabilities as at 30th september 2024.
The Trust was esiablished by Mr. and Mrs. A.G.Timpson in 1963 and is governed by a Foundaiion
Deed dated 14.. December 1963. amended on 25, June 2007 by Resolution of the Trusiees,
The Foundation Deed empowers the Trustees to èpply" .the Trust Funds and the income arisin8
therefrom
for such charitèble trusts and suth charitable Pufposes as the Trustees shall in their
uncontrolled discretion from time to time determine"
The Foundation Deed expressly states that the trust shall be "wholly non-sectarian and non-
political...
and thai "The Trustees shall not be bound
to distinguish between capital and
income but may apply either capital or income for such purposes of the Trust as they may think
No funds are held on Special trusts and the Trust does not solicit gifts. donations or contributions.
Trust Polieies
Without restricting their absolute discretion, the broad principles applied by the Trustees in the
allocation of charitable giving are as follows-
l. Trustees seek to help locally based organi5ètions in the county of Gloucestershire. with
priority to those in Stroud District. which provide valuable community support services
to disadvantaeed people.
2. Applications for grants related io buildings or the environment will be assessed on their
impact for local community benefit.
3. Grants are typically in ihe range of £250 to £750 but can be from as little as £50 and up
to £l,QOO.
4. Given the above criteria large national organisations are unlikoly to qualify for funding.
The Trustees are aware of the Public Benefit provisions of the Charities Act 2011 and of the
guidance on them published by the Charity Commission. They are satisfied thai the object5 of
the Charity and the activities of the Charity are within the definitions of Charitable Purposes as
set down in the Act.

THE LANGTREE TRUST
Report of the Trustees for the Year ended 30th September 2024
Trust Policies- cont
The Trustees are not aware of any public detriment caused by the Charity's objects or activities,
and nor are they aware of anyone receiving private benefit from the Charity's activities.
The Trustees meet four or five times a year to allocate resour￿5 in accordance with these general
principles. They aim to distribute the income of the Trust each year. recognising that this will vary
from year to year, depending on the incidence of appeals and the pattern of income receipts.
Their intention is that this balance should be attained over a period of years.
The Trustees have adopted an investment policy designed to maintain the value of the Fund in
real terms over a perlod of years, while, a5 far as possible, increasing its annual income. In
pursuing this policy, the Trustees have received regular professional advice from Cazenove
Capital Management, a subsidiary of Schroder & Co. Limited, a recognised firm of Stock Exchange
Brokers and Fund Managers.
Trustees selection methods and tralnlng
Current trustees when recruiting new trustees. consider the skills, knowledge and experience
required to ensure that the charity is well governed and run effectively. The Charity ensures that
all its new and potential trustees have acce55 to the Charity Commission's publication
Responsibilities of Charity Trustees ICC31 and that they have read and understood the contents.
Trustees understand their obligation to check the eligibility of new trustees they are aware of the
legal rules on eligibility to serve as a trustee.
There is no current requirement to appoint new or additional trustees until the number is
reduced to three.
Risk Management
The Trustees have assessed the risks to which the Trust is exposed and consider that the major
risk faced by the charity is a possible loss in the value of, or income from. its investments. This
rlsk is minimised by the use of a professional investment adviser.
ReseNes Policy
The Trustees pollcy Is to retain the free reserve5 of the Charity (the Income Fundl to meet
contingencies. This Fund was accumulated in the year5 to 1997, since then the Trustees have
sought to distribute fully the incorne of the Fund, taking the experience of three or four years
together.

THE LANGTREE TRUST
Report of the Trustees for the Year ended 30th September Z024
Trustees Responsibilitles
The Trustees are required by law to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the Trust and of ihe income and expenditure
during the yoar. In preparin8 these statement5 the Trustees are required-
to selett 5Ultable accounting policies and apply them consi5tenily
to make judgements and estirnates that ale reasonable and prudent
to follow applicable accounting standards and the Charities SORP, disclosing and explaining
any departures in the linancial statements
to prepare the financial statements on the going concern basis unless it is inappropriate to
assume the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disc105e with
reasonable accuracy ai any time the financial position of the Trust and enable them to ensure
that the financial statements comply with the requirements of section 130 Charitiès Att
2011.They are also responsible fDr safeguardin8 the assets of the Trust and for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Artl¥itles durln8 the Year. Achlevements and performance
n the course of the year the Trustees met formally on four occasions and approved a total of 39
charitable 8ifts totalling £28,125. After gÉfts and expenses and with a net income from
investments sales and purchases of £1,055 the excess of payments over receipts for the year was
E8212023: excess of payments over receipts £32,314).
Value of the Fund
The overall value of the Fund at 30th September 2024, including investments valued at market
value, was £1,842.305 which compares with £1.656,344 at 30, September 2023. an inciease of
£185,961.
Investment Changes in the Year
£506,556 was received from the sale of holdings and £505,501 was invested in acquisitions of
new invesiments.
Independent Examiner of the Accounts
The Trustees record their appreciation tif the services and assistance they have received from
GCSD Accountants Limited who are willing to act a5 Independent Examiners in accordance with
section 145 of the Charities Act 2011.
Signed for and on behalf of The Trustees on February 2025.
Chairman

THE LANGTREE TRUST
R•ca
ts and Pa
onts ￿coUnt lor the Yoar to 30th S•
tembvr 2024
2024
2023
Recelpts
lrtve51menl IrtDme
Receip15 frorTr Sale of Investments
37.226
506.5Jf6
38.929
479.657
Total R8colpt5
913.782
Paym¢nt#
CharIlab￿ gi45
Pur£*a5e ol l*vestrnents
Accounlan15 fee5
Adrnin151ratson c0515
Inve51menl ￿anage￿￿￿t lees
28.125
23.245
1.014
773
8.286
720
303
8.126
Total PayTrents
Net R¢¢¢lpt> IPaym•nlsl
lor Ihe Year
B3
132.3141
Casn F¢Jnds lasiyear and
40.268
72.580
Cash Funds Ih15 year en¢J
40.349
4C266
Staiom•nt of Assets and Li4bilrtlP5 as 4t 30th SI
embor 2Q24
2024
Inve•tmonts at Market V*ue'.
UK Bond funds
Global Bonds lunds
VK Equily funds
Iniemalionol Equity IuttTJs
lemalive illVE5tmEnts
Liqu,'dity Funds
Capital alc cash
179.150
127. 193
270.834
983.040
241.685
16Jf.793
128.394
276.305
763.613
246.228
3 Jf.691
1.264
6.119
1.808.D21
1.617.288
Lash al bank
Cash Iloat
34.234
39.006
50
N•t ass•ts
1.842.305
1.656.344
Approved by the frustee5 Dn 3rd Pebwary 202
Signgd

THE LANGTREE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
INDEPENDENT EXAMINERS REPORT
TH
I report on the financial statements of the charity 1.the Trust'l reBiStered number 232924 for the
year ended 30, September 2024, whlch are set out on pages I to 5.
Resperttve responslbllltles ot trustees and examlner
The charity's trustees are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011. The charity'5 trustees consider that an audit Is not required for
this year LTrnder Section 144 of the Charities Act 2011 Ithe Charities Act) and that an independent
examination is needed.
It is my responsibility to..
examine the accounts under section 145 of the Charlties Act,
to follow the procedures laid down in the generol Directions given by the Charity Commission (under
section 14515llbl of the Charities Att, and
• to state whether particular matters have come to my attentlon.
Basis of independent examinerfs statement
My examination was carried out in accordance with general Directions given by the Charity Commission.
An examination includes a review of the occountir¢g records kept by the charity and a comparison of the
actounts presented with those records.
It also includes consideration ol any unusual items or disclosure5 in the accounts, and seekin8
explanations from the 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 to whether
the accounts present a 'true and fairf view and the report is limited to those matters set out in the
statement below.
Independent examlnerfs statement
In connertion with my examination, no matter has come to my attention
111 which gives me reasonable cause to believe that in, any materiol respert, the requirements..
to keep accounting records in accordance with section 130 of the Charities Act-
to prepare account5 which accord with the accounting records and comply with the accounting
requirements of the Charities Act have not been met- or
121 to which. in my opinion. attention should be drawn in order to enable a proper understanding of the
account5 to be reached.
Matthew Ra
les FCA
Xeinadin South Wales & West Limited
701 Stonehouse Park
Sperry Wav
Stonehouse, Gloucestershire
GLIO 3UT
Date.. 25 February 2025