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 Inves1ft￿ts
39.118
453.848
37.226
$06.556
Total R¢¢•ipts
492,964
543.782
Paym•nts
charitab￿ gffls
Purth85e ol In￿strnelts
Accotsniants ftes
AdrIMn￿*raI￿n costs
Inveskneryt managemenl tses
25.980
436.089
1.074
28,12S
505.501
1.014
773
0.286
8.878
Total P•ym•nts
472.668
543,899
Not R•¢•lpt• IPaym•ntsl
lor Ihe Y•sr
20298
63
¢4$* 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 ............
S*fte

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 seCt￿n 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 Charit￿5 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, GI01￿Ster$hlre
GLIO 3UT
Pate..
2026