Charty regi5tratlon number 237841 (England and Waltss) THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Venner C Graham C Langham J Lews Reverend P Kfjlknnson Charlty number 237841 PrlnGipal address 7 College Rood Wlloughby Rugby CW23 8BN Indep$ndènt axamlner Cottons Specialist Setwces Limited Chestnut Field House Chestnut Field Rugby w&ICkSh1re United iQngdom 21 2PD BankeTS HSBC Bank Lt(J 15 Churth Street Rugby CV213PN Soliciloys Brethertons LLP SolictioTS Monlague House 2 Clrfton Road Rugby V21 3PX
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY CONTENTS Pago Tntstees, report Independent examinees report Statement of financial activities Balar sheet Notes to the flnanryal statements 6-13
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Tru¥tees present th•ii annual report al financial statèments for Ihe year ended 31 DTnr 2024. The finanaal statements have been prepared in accordan wrth the accounting policies set out in llote 1 to the financ4al statements and CoMY wtlh the goveming documwi( Ihe Charittes Act 2011 and "Attounting and Reporting by Charities." Ststemenl of Reconlmended Pracb¢2 applicable to Charities preparing their accounts in accordan wrkh the Financial Reportin9 Standard applicae in the UK and Republic of Ireland IFRS 1021" (effective 1 January 2019). OWectlv•s and actlvltle¥ The objectives of the charity is as follows". 11 To provide pensions for pEtsons qualtfied". 21 To PTovide relief for persons resident in the area of benefit vkno are in need, hardship or thstress.. al By makn'ng grants of money to them., b) By providing or paying for goods, seNces or facilities for them., c} By making grants of morley to other persons or bodies vtho provide goods, serwcEs or faulibes to those in need,. 3) To providè assistance for the underprrvileged children of the parish and for Students or other young people who are in need of financial help for the furtherance of thr 5tudw or ¢oreers". 41 And in 80 far as the income of the charity tst be applied towards the objects thve, it may be appli8d for Ihe benefrt of inhabitants gf the area of effit as the trustees think fit "Peon$ who, thmugh no fault of their own and in Sle of their efforts, ether through ill heath, disability or unfcmtunate arcumstances, are not able to enjoy the standard of life ènjoyed by their peers. To be eligible for pension payments, daimants must show that they are in rept of pension edit and resided in the avtl parish of Long Lawford for al least five yaars before their appointrnerEt as pensionor& publ benefft The Trustees have paid due regard lo guidance issued by the Charity Commission in d8Ctding what adivitses the Charty should undertake. Achlevements and pèrforniance Distributed monthly pensions an¢ Christinas bonuses to pensicwbers in the parish. The total pension payments made during the year vras £10.020 12023 - £9,300). Induded wthin this amount are paymènts lo penOnerS who receive an adoonal Chrithas grant of£40. Made grants and donations to Sick or disabled persons for conwltants, fees and hospiial ewense8. Provided mobility aids and stairlifts for disabled people. Made grants and donations to Residential Homes and Associations whD contribute in some way to the weffare and care of loeal residents, to students, to underwiwleged Chdren through the village school, to other local schryjs to enat4e them to improve facilities which wll benefit Long Lawford children, to local churches alld welfare and ywth organisations. None of the aid provided to the schools should havo been provided by thè locsl authority. 2024 2023 Don*ions and gTrrvts to FndFviduals and groups £14.694 £11.374 ChristFna8 grants to charitÈes In Rugby ATea £30.000 £31,500 £44.694 £42,874
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnancl81 Review The Charity had income in the year Of £gS,01012023 - £74,813) and sppnt £101:188 {2023- £89,420) on charitable activ¥iies Ipawng a deficit before gainsllosses on investments of £5.17812023- £14,607 net defiat}. There has been no fair value 8djustment to the invethent propeTb"es held for this finanryal year {2023 - £285,000 loss). There was a gain on invesknents held in the sum of £26,989 (2023 - £31,292). resulling in an overall gain on investments of £26,989 (2023 - £253,708 loss). Increasing the dosing fvnd al 31 December 2024 to £1.628,115 12023- £1.606.304). Structure goY8rnance and management The Charity is an unincorpored chaiity first estaLlished under 8 daed dated 24th July 1973 {amended 21st December 2001). The Chaiity is registered wilh the Chatlties Commission under Charity Number 237841. The Tnjstees who served during the Y and up to the date of Signatu oflhe finan¢ial statements were.. J Howes (Resigned 29 Febry 20241 J Venner C Graham E Barfow C Langham J Lews Revere[ P Wlkinson (Resigned 29 Febnjary 20241 Methods used to recruit and appoint newTrustee is by the w8y of nominatiorF 1¢h is seconded by current Trustees at an official meèting hdd quarterly. The Trustees, report was approved by the BO3 ofTrustees. J Lews Tyustee
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY I report to the Trustees on my exawnination of the financial statem8nts of The Sir ELfvRrd Boughton Long Lawford Charity {the Charity) for the year ended 31 December 2024. Responslbllltles and basls of report As the Trustees ofthe Charity you are responsitrje forthe preparaknn oflhe finarla1 statements m cOrdan wth the requirem8nls of the Charibes Act 2011. I report in respect of my examination ol the Charitys financial 5talements carried oui urn1er wtion 145 of the chartb.es Act 2011. In carying otrt my examination I have follchved the Directi given by the Charlty Commission under section 145{5llbl of the CharitiesArt 2011. Independont @xaminerfs ststemenl I have Mpleted my examinatKJn. I CnfiM? that no matters have ojme to my attention wi ty)nneLb"on wrth the examination giwng me Cause to believe that in any matetial respect accounting records were rwjt kept in resFect of the Charity as required by secon 130 of the ChariiiesAct 2011. the finanual statements (lo not (jrd Ythh those records,. or the financial statements do not comply swlh applicabje requirements conMIng the forni and contenl of financial statements set out in the Charilies IAcccyJnts and Reports) Regulation5 2008 other than any requirement that the finanoal slatements gtve a true and fair view, is not 8 matter consi¢red as part of an independent examination. I have no GOnm5 ar have come across no other matters in tnnli0n wrih the eXaMinan to whlch attention should b8 drawn in this report in orderto enat4e a proper un(r1j of the financial statements to be rea¢h&J. James Melvln BA BFP FCA Cottons SpeGialist Semces Mited Ch8Stnut Field House ChestnLrt Field Rugby Wdrwckshire CV21 2PD United KingdDm Dated.. 19 AugLtst 2025
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted funds 2024 Unrestrictsd funds 2023 Note5 InGomo from: Inve8tments 96,010 74,813 Totsl Income 96.010 74,813 Expenditure on: Charitable ath'wties 101,188 89,420 Totsl expenditur8 101,188 89,420 Net gainsl(losses) on investments 26,989 (253,7081 Net InGomgllexpenditurel and movement in fund$ 21,811 (268,315} Reconclllation of fund$: Fund balarkCQS ai 1 January 2024 1.606,3t14 1,874,619 Fund balances at 31 December 2024 1,628,115 1,606,304 The statement of finanryal acbwt.es InddeS gains and tosses recognised in th8 year. All income and expenditur8 derive from continuing activities.
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY BALANCE SHEET AS AT31 DECEAIBER 2024 2024 2023 Notes Fixed assets Tangible assets Investrnent property Investments 11 12 13 880.000 611,088 880,000 584.098 1.491.727 1,464.Q98 Current assets Debtors Cash al bank and in hand q4 7,497 175,431 4,821 216.495 182.928 221,316 Credltors: amounts falling due wlthin one y8ar 15 146,540) 179,110) N•1 current assets 136.388 142.206 Totsl assgts less CUbTent liabllltles 1,628.115 1,606,3tM The funds of the Charity Unrestiicled funds 17 1,62B,115 1,606,304 1.628.115 1,606,304 The flnancial ststements were approved by the Trustees on ... J Lèwis Trustoe
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢countlng pollcl•s Charfty informlon The Sir Edward Boughton Long LawfoTd Charity is an uninrworated charty first established under a deed dated 24th Juty 1973 (amended 21st December 20011- 1.1 Accountlng COTEventlon The financial ststements have bewt prepared in aCCAYdan wth the Charity's trust deed, thè Charibes Aci 2011, FRS 1 D2 Yhe Flnancial Reporting Standard applicable in the UK and Republlc ol Irelan I'FRS 1021 and thè Charitie5 SORP -AcoJunting and Rewbng by Charities." Statement of Recommended Practice applicable to tharities preparing their accounts in 8¢¢ordan¢e wth the Fin8niial Reporting Standard appliCae in the UK and Republic of Ireland IFRS 102}" {effecve 1 January 2019). The Charity is a Public Benefit Ent'ty as éefin?d by FRS 102. The Charity has tsken advantage of the promssons in the SORP for d)arities not tr¥ prepare a Statement of Cash Flows. The financial statements have departed from the Charibes (Accounts and Rep)rtsl Regulab"ons 2008 only to the exLenl required to provide a ttue and fair view. This departure has irwolved followrtg the Statelnenl of Re(xmmended Practice f¢r Charities opplylng FRS 102 rather than the version of the Stslement of Recommended Practice whith is r&ferred to in the Regulations bul which has since been w1trdWn. The Ilnancial stslements are prepared in sterling. vthich is the functional currency of the Chary. Monetsry amounts in these financFal statements are rounded to the nearest £. The ffnandol statements nave b8en prepared un%Jer the historical cs)st comiention, modtThed to Include the rev81uation of freehold Properties and to indude investment propettes and certain financ4al Snstfume¢rts at fair value. The principal aecounling polioe5 adopted are set out below. 1.2 Golng concem At the lime of appmving the financtal statements. the Trusiees h8ve a Tra$ab]e expectation that the Charrty has adequate resources to conb.nue in operational eStenCe for thè for@seeab future. Thus the Trustees continue to adopt the going concem basts of accounting in Preparing the finall0 statemenls. 1.3 Charitable funds Unre5tricled fvnds are available for use at the discretion of the Trustees In.fvrtherance of their thaAtable objectives. 1A Income Income is Tecognised when the Charity is leg81ty entitled to it after any perfoTmanGe conditions have been mat, the amounts can be measured reliauy. and it is probable thal income will be red. Cash donations are recognised on Other d(ationS are recagTh5ed onts the Charity has been nolified of the donation, unless perf0rnan conditi.ons rÈquire éeferral of the amount. Income t8x recoverable in relation to donations received under Gl"d or deeds of covenant Is reccon15ed at the time of the don*J"on. Legacies are recognised on receipt or otherw5e rf the Charity has been notified of 8n iMpding distribLrts'on. the amount is known. and recpt is expÈcled. If the amount Is llot known, the legacy is treated as nts"ngenl asset.
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng polkles Icohilnuedl 1.5 Expenditure Exp8ndTture is recognised onc8 theT2 is a legal or wislruclive oNigation to transfer economic benefit to a third party, it is probable that a transfer of economic beneffls wll be required in settlement. and the amount o the obligation can be measured reliabty- Expenditure is d8ssffied by activtty. The costs of each activty are m up of the totsl Df direct costs and shared costs, induding support costs invofved in undertakn.ng each adiwty. Direct costs 8lbUtab18 to a single activity are allocated dIdY to that acbty. Shared costs lIch contnbute to more than one actiwty ancl support costs whith are not attritxrtable to a single acb.vty are apportioned beNveen those actimties on a basls nsistenl with the use Df resour. cal staff CA)Sts are allocated on the basis of time spenL and deprerAation charges are allocaled on the Forb'on of the asseys use. 1.6 TanglblÈ fad assets Tangible fixed assels are initialty measured at cost arKI subsequ8nty measured at cost or valuation, net of depreaation and any impairnient10sses. Deprery8tion is recogni5eil so as to vnite off the cJ)st or valuation of a55ets less their residual values over thelr LlSeful lives on Ihe fc4lowing bas8S: Computers 20% Strdight line method The gain or loss arising on the disposd of an asset is determined a5 the difference between the sale proceeds and the tsryng v8lu8 of the asseL ar 1$ racDJnised in tha atemènt of financial activibes. 1.7 Invostment propè Invesbnenl prop8ty.. which is propety hdd to eam rentals andlor for capital apprtIon. is initially recognised at cost ch Indudes the purthase cost and any directly attributable expenditure. Sub5equentJy it IS m8asLtred at fair value at the reporting end date. The SluS or deficit on revaluation is recognised in offt loss. 1.8 Flxod asset investments Fixed asset investments are inibally meawred at tran5aclion prlee exduding transacOn costs, and aTe subsequenlly measured at fair value at e8ch reportirig date. Change5 in fair value ar& recognised in net ncomellexpenditure) for the year. Transaction cosls are expensed a5 InGurred. 1.9 Impalmient of flxed assets Al each reporbng end date, the Charty rwews the canwng amounts of its tangible assets to detemine whether there is any indicat.on that those assets have suffered an impairment loss. If any SLth indication exists, the recoverable amoLtnt of Ihe asset is estimed in order to delermlne the extent of the impairment loss lif 3nyl. 1.10 Cash and cash equlvalents Cash and eash equivalents indude in hand. dewsits held at 11 with banks, other Short-tM liquid investments wth lUInal rnaturibes of three months or less, and bank overdrats. Bank overdrafts are shown wEthin hllrrowngs in currerrt liabiifties.
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcies Icontlnued) 1.11 Financlal Instrumènts The Charity has eleced to apply the provision5 of Section 11 'Basic FinancAal Instruments. and Sedon 12 'Other Finanaal InSMentS Issues, of FRS 102 to of its financial inStments. FlnanThal instrurnents ar8 recognised in the Chari5 balanc£ sheei wthen the Charity becomes paty to the contractual prow5ions of the instrumenL FinancAal assets and liabile$ are offset, vthh the nel amcmjnts presented in the financial statements, when the is 8 legalty enforceable nght to set off the recognised omswnts and there is 8n intention to see OTb a nel basis or to realise the asset and settte the liabilty simultaneously. Basic Ilnaneial assets Basic finanU assets, whith indude debtors and sh arKI bank balances, are initially measured at transartion price induding transaction cost5 8T)d are subsequenuy carried 818mortised wsl using the effectN8 interest rnethod sjnI the arrangement constiartes a )SnancAng transaction, where the transacton is measured at the prent velL¥e of the fvture receipts dtscounted at a market rate of interest. Financial assets dassfied as receivable within one ye8r are not amorts"sed. Basic financial Ilabilities Basic finan81 liabilities, induding Lyeditors and bank loans are inrEtany recognised at transaction pric8 unless the arrangement constitutes a ffinanong transaction. Vkne the debt Instment is measured at the present value of the fltture payments discounted al a market rate of inleresL Financial liab11.es dassified as payable thin one ye8r are not amortised. D8bt instruments are subsequenly earried at amorbsed cost, using the effethe interest rate method. Trade cyeditors are obligations to pay for goods OT semces that havè been acquired th8 0111)ary course of operations from supplieTS. knounts payable are dassrfied as current liabilities if payment 16 due Vthin one year or lÈss. If not, they are pres8nted as norkcurrent li8bilttt¢s. Trade creditors are recognised initially at transaction price and subsequeTrtiy measured at amorbsed CA)St using the effeGkive interest Metsd. Dereeognlbon of financlal lJTabilities Finandal liebilitse8 are derecognisa Yknen the Chwtys ntra1Ual otrJigation5 expire or are discharged or cancelled. 1.12 Employee beneffts The cost of any unused hdiday ent(Ilement is recognlsed in the period in whith tre employee's seNices are received. Termination beneffts are reGognised immediately 8S 8n expense when the Charity is demonstrabty committed to lemiinate the emrAoymertt of an nPlOYee orto provide temiination benefits. Crltlcal a¢countEng estlmates and lydgements In the application of the CharitS accounting policies. the Tnjstees are required to make judgemertts, estimates and assumptions about the carrying amount of assets and liabilities th8t are not ieadity apparent from other sour. The estimate5 and asswated assumption5 ale based on histori[ experience and other factots that are considered to be relevanl. Actual re5ulis may dtffer from these estimates. The estimes and Ltndertwng assumptions are reviewed on an ongoing basis. Revision5 to accounting estimates are recognised in the pèriod in which Ihe estimate is remsed where the reOn affects only that period. OT in the period of the revision and ftthre riOdS where the revssion affects both wrrent and firture periods.
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incom? from Investments Unrèstrlcted Unrestricted funds funds 2024 2023 Rentsl income Incpme from listed investmeT Interest receivable 88.297 6.991 722 66,273 6.895 96,010 74,e13 Expendlture on charltsble acllvllles Rellef of hardship 2024 Relief of hardship 2023 Oirect costs Depreuation and impaiTment Independent examiners fees Building repairs Telephone Insurance Alotment expenses B8nk charges Legal and profrssional Staff Costs IT sofiware and consUmae$ Postage 160 2.040 3.042 316 4,964 5,495 100 1,620 27,101 195 1,441 1,110 250 290 3,887 2.405 4.819 22.524 558 1.281 46,474 37,246 Gr8nt lunding of activibe8 (see note 51 $4,714 52.174 101,188 89,420 Analysis tsy fund Unte5tricted fijnds 101,188 89,420
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payabl• Rollef of hardship 2024 Rellef of hardshlp 2023 Grants to institubons= hristmas grants 30,000 31,500 Grants t¢ indrviduals 24.714 20,674 Net movament In funds 2tJ24 2023 The net movement in funds is slated after chargingllcredrting)". Fees payatr4e for the independent examinab.on oflhe chariVs finanry81 ststements D8preciabon of ovmed tangible fixed assets 2.J40 160 1,100 Trust885 None uf the Tnjstees {or any petsons connected wth them) r¢Ved any rernuneration during the period but theTe was a honorarium payment of £637 made to the Chairman to cover the cost of travel expenses during the year {2023- £590). Employe The average Tnonthty number of employ5 during fhe yearwas" 2024 Number 2023 Numbpr There were no employees whose annual remuneratton was than £60,000. Galns and losses on Investsnents Unrnstricted Unrastrlcted funds fundg 2024 2023 Gain¥Jllosses) arising ori" Revaluation of investrnents Revaluab"on of investment propertkes 26.989 31,292 1285.000) 26,989 1253.7081 10-
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 TaMtlon The charity is exempt from taxation on ts ac*viWes because all its income is &PF1'ed for charitable purp)ses. 11 Tanglble fixed assets CLThpule Additions 799 At 31 December 2Q24 799 Depreciatlon and impaimient Depreciation charged in the year 160 At 31 December 2024 160 CaIng amount Al 31 December 2024 639 12 Investment property 2024 Fair value At 1 January 2024 and 31 Dmber 2024 880,000 Investment propety compr¢ses of three bU11ngS or land held to eam rentsls andlor for capital apweC4ati. The fair value Df the investment Properties has been arrived at on a nts1 yield basis, equa5 to ten times the annual rent. During the yearthe trustees valued the property as follows: 2024 2023 HSBC Bank c, 15 Church Street Rugby 370.000 370,000 12 Bank Street, Rugby 470,000 470.000 lotment18nd. Bilton Lane, RL6gby 40.000 40.000 8BO.000 880,1M)D 11
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Flx•d asset investments Managed funds C05t orvaluatlon At 1 January 2024 Valuation thanges 584,098 26,99Ql At 31 Dember 2024 611,088 Carrying amount At 31 Decemb8r 21724 611,088 At 31 December 2023 584,098 2024 2023 Investmerrts at fair value compri COIF CharrÈies Imiestment Fund Investments managed by Thje Potentlal WM IMutti-Asset Fund) 256,836 354,2S2 251.162 332,936 611,088 584,098 14 DebtOf5 2024 2023 Amounts falllnu due v41thln one year: Prepayrnents and accru& income 7.497 4,821 15 Crediiors: amounts falling due wlthln one year 2024 2023 Notss Defeed income Other credit AGGruals 16 21,000 23,500 21.000 57,000 1,110 48.540 79.110 16 D8f8rrod Incom2 2024 2023 An"$ing from Mar-25 rent paid in advance 21,000 21,000 12-
THE SIR EDWARD BOUGHTON LONG LAWFORD CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Deferr income {Contlnuedl 2024 2023 Deferred incom8 IS irteluded within.. Cujrent liabilstses 21.000 21,000 Movements in the year. Defeed income 8t 1 January 2024 Released from prewous periods 21.000 28,125 17.1251 Deferred income at 31 Del 2024 21,000 21,000 17 Unrestrictbd funds The unrestricted ftjnds of Ihe charity wmpnse the unexpended balances of don*'ons and grants whTrch are not subject to specifiE conditions by donors and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incoming resourcos ResouTEe5 expended Galns and losses At31 Docember 2024 General funds 1,606,304 96.010 1101.1881 26.989 1,628,115 Prgv]ous yaar: At 1 January 2023 Incoming resources Resources expended Galns and Iossos At31 DeGember 2023 General fvnds 1,874.619 74.813 {89,420) 1253,7081 1,S06,304 18 Related party transactlons The were no disdosablÈ related party transactions during the year12023- none). 13-