THE LANGTREE TRUST (Charity No. 232924) esRe rt and Flnanclal ments for the Year Ended 30 Se tember 2025
THE LANGTREE TRUST onten Legal and Administrative information Report ofthe Trustees 24 Receipts and Payrnents Account Staternent of Asset5 and Liabilities Independent Examinerfs Report
THE LANGTREE TRusr The Trust is a registered charity constituted under its Foundation Deed dated 14 December 1963. amended on 25th June 2CNJ7 by Resolution of the Trustees. Charity Registration Number 232924. The Trustees During the year the Trustees were: Ms L Lockwood Mrs K Bertram Mrs T Lowe MrREWay Mr W Conway Mr S Thorpe Ms R Morgan Chair Seuetary10111012024- 03102120251 Secretary10410212025- 30109120251 Treasurer Prlnopal Address C/0 Xeinadin South Wales & West Limited 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GLIO 3UT Independent Examlner Xelnadin South Wales & West Llmited 701 Stonehouse Park Sperry Way Stonehouse Gloucestershlre GL103UT Bankers CAF Bank Ltd 25, Kings Hi51 Avenue Klng5 Hill West Malling Kent ME19 4JQ Investment Managers Schroder & Co. Ltd T/a Cazenove Capttal Management 12 Moorgate London EC2R 6DA
THE LANGTrEE TRUST Report of the Trustees for the Year ended 30th September 2025 The Trustees are pleased to present their report together with the financial Statements for the Year ended 30th September 2025. The financial statements have been prepared in accordance with the applicable accounting policies that cornply with the charitvs trust deed, the Charities Act 2011 and the Statement of Recommended Practice on Accounting and Reporting by Charities SORP. The Financial Statements comprise a Receipts and Payments Account for the Yeai and a Statement of Assets and Liabilities 85 at 30th September 2025. The Trust was established by Mr. and Mrs. A.G.firnpson in 1963 and is governed by a Foundatlon th Deed dated 14 December 1963, amended on 25 June 2007 by Resolution of the Trustee5. The Foundation Deed empowers the Trustees to apply" .the Trust Funds and the income arising therefrom ... for such charitable trusts and such charitable purposes as the Trustees shall in their uncontrolled discretion from time to time determine.. The Foundatiors Deed expressly states that the trust shall be "wholly non-sectarian and non- political... and that "The Trustees shall not be bound to distinguish between capital and Income but may apply either capital or income for such purpose5 Of the Trust as they may thlnk flv. No funds are held on Special trusts and the Trust does not solicit glfts, donatlon5 or contrlbutlons. Trust Pollcles Without re5trirting their ab501ute discretion. the broad principle5 applied by the Trustees In the allocatlon of charitèble 8rving are as follows: l. Trustees seek to help locally based organisations in the county of Gloucestershire, with priority to those In 5troud District. which provide valuable community support service5 to disadvantaged people. 2. Applications for grants related to building5 or the environment will be a55e5sed on their impact for local community benefit. 3. Grants are typically in the range of £250 to £750 but can be from as little as £50 and up to £l,CW. 4. Given the above criteria large national oiganisation5 are unllkely 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 that the object5 of the Charity and the activities of the Charity are withln the definition5 of Charitable Purpose5 as set down in the Act.
THE LANGTREE TRU5r Report of the Trustees for the Year ended 30th September 2025 Trust Polkles- cont The Trustees are not aware of any public detriment caused by the Charity'5 objects or attivities, and nor are they aware of anyone receiving private benefit from the Charity's actlvities. The Trustees meet four or five times a year to allocate resource5 in accordance with thesegeneral principles. They aim to distribute the incorne 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 Fvnd in real terms over a period of years, while. as far as possible, increasing its annual income. In pursulng this policy, the Trustees have received regular professional advi from Cazenove Capital Management. a subsidiary of Schrodef & Co. Limited, a recognised firm of Stock Exchange Brokers and Fund Managers. Trustees selectlon methods and tralning Current trustees when recrulting new trustees, consider the skills, knowledge and expertence required to ensure that the charity Is well governed and run effectively. The Charity ensure5 that all its new and potential trsjstees have access to the Charity Commission's publitation Responsibilitles of Charity Trustee5 ICC31 and that they have read and understood the content5. Trustees understand thelr obll8ation to check the eligibility of new trustees they are aware of the legal rules on eli8lbllity to serrfe as a trustee. There Is no current requlrement to appoint new or additional trustees until the number is reduced to three. Rlsk Mana8ement The Trustees have assessed the risks to whlch 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. Thls risk is minimised by the use of a professional investment adviser. Reserves Pollcy The Trustees policy is to retain the free reserves of the Charity Ithe Income Fund) to meet contingencies. This Fund was accumulated in the years to 1997. since then the Trustees have sought to distribute fully the income of the Fund. taking the experience of three or four years together.
THE LANGTREE TRUST Report of the Trustee5 for the Year eDded 30th September 2025 Trustees Responsibilities 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 the incorne and expenditure during the year. In preparing these statements the Trustees are required: to select suitable accounting policies and apply them consistentlv to rnake judgements and estimates that are reasonable and prudent to follow applicable accounting standards and the Charitles SORP, disclosing and explaining any departures in the financial statements to prepare the financial statements on the gotng concern basis unless It is inappropriate to assume the charity will continue In operation. The Trustees are responsible for keeping proper accounting record5 which disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financlal statements comply with the requirements of 5ertion 130 Charities Act 2011.They are also responsible for safeguarding the assets of the Trust and for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Artlvltles durlng the Year, Achlevements and perforniance In the course of the year the Trustee5 met formally on four occasions and approved a total of 42 charitable Bifts totalling £25,980. After gifts and expenses and with a net income frorn Investments sales and purchases of £17.779 the excess of receipts over payments for the year was £20,29612024'. exce55 of receipts over payments £83). Value ot the Fund The overall value of the Fund at 30th September 2025. Including investments valued at market value, was £1,974,764 whlch compares with £1,842.305 at 30 September 2024, an increase of £132,459. Investrnent Chan8es in the Year £453,848 wa5 received from the Sale of holdlngs and £436,069 was Invested in acquislrions of new investments. Independent Examiner of the Accounts The Trustees record their appreciation of the servlces and assistance they have received from Xeinadin South Wales & West Limited who are willing to act a5 Independent Exarniners in accordance with section 145 of the Charities Act 2011. Signed for and on behalf of The Trustees on ...7.. /kpF4.4.....2026. Chairman
EETR ST R• and ntfo ber 20 R¢eipts Investment Income Recelpts from S818 ol Inves1ftts 39.118 453.848 37.226 $06.556 Total R¢¢•ipts 492,964 543.782 Paym•nts charitab gffls Purth85e ol Instrnelts Accotsniants ftes AdrIMnraIn costs Inveskneryt managemenl tses 25.980 436.089 1.074 28,12S 505.501 1.014 773 0.286 8.878 Total P•ym•nts 472.668 543,899 Not R•¢•lpt• IPaym•ntsl lor Ihe Y•sr 20298 63 ¢4$ Fund¥ lut yYar•nd 40,349 40266 Cash FtsTrds Ihb ya•f •nd 80.645 40,349 v•¥tm•nts ai Market Va•.. UK Boné funds Gbbal Bonds lunds UK Eqvity funds Intemaiional Eqvrfy fuThJs Aiiemaiive knvesirrthts 143.393 130.477 294.996 1.076,962 288.297 15.022 179.150 127,193 270.834 983,010 241.685 6.119 1.929,087 1,808.021 Cash al bank C8sh no81 45,827 50 34.234 N•t as8•ts 1.974.784 1.842.305 ¥ ..2026 Apwoved bythe TKustees on ............ Sfte
ThE LANGTREE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 30- SEPTEMBER 1025 INDEPENDENT EXAMINERS REPORT I report on the linaThcial 51atements off the charity l-the Tru5fl registered number 232924 lor the year ended 30, September 2025. which are sei out on pages I to 5. Respective responslbllltles of trustees and examlmr The charity's trustees are responsible ffor the preparation of the ac(ovnts in accordance with the requirements of the Charities Act 2011. The charity'5 trustees consider that an audit Is not re4uired for this year under seCtn 144 of the Charities Act 2011 Ithe Charities Act) and that an independent examinatlon is needed. 11 is my responsibility lo.. examine the accounts under 5ertion 145 of the chariti ACL to lollow the procedure5 laid down in the general Difec16ons 8i¥efi tsy the Charity Comm15510ri lu•der section 145lSllbl of the Charities Act. and to State whether particular rnatters have come to my attention. 8•sis ol Independent examlnees Statement My examination was carried oui in accordance with general Dire£tior15 givers by the Charity Commission. An exarninaiion include5 a review ol the accountin8 records kepi by the charity and a tornparison of the accounts presersted with those retord5. It also Includes conslderation of any unusual item5 or dlKlosures in tht accounts. and seellre explanations Irom the trustees eoncerning any such mètteis. The procedyies unJerta*en do not provide all the evidence that would be required In an audit. and consequently no opinion 15 given as to wheihec the accounts presenr a 'true and fairf View and the report Is limited to those maiieis set out In the statement below. Independent examlnerfs sta¢ement In connection with rny examination, no matter ha5 tome to my attention 111 which gives rne reasonable taU5e to belseve thhi in, any material respect. the qUireMentS.. to keep accountin8 record5 in acwrdance with section 130 of the Charit5 Act., io prepare accounrs which accoid with the accounting records and £ornply with the ac(ountln8 requirernents of Chavitits Att have nor been met,. or 121 io which, in my opinion. attention should bE dfawn in order to enable a proper understanding of the accounts io be reached. Matthew Ra es FCA Xeinadin South Wales & West Limited 701 Stonehouse Park Sperry Wav Stonehouse, GI01Ster$hlre GLIO 3UT Pate.. 2026