Charity registration number 246410 (England and Wales)
ELMLEY LOVETT CHURCH. SCHOOLAND COMMUNITY TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr R Cartwright
Mr J Goodwin
Mrs J Goss
Mrs B Needham
Mr N Wright
Charity number
246410
Principal address
clo Ryelands Fami
Elmley Lovett
Nr Dro1￿ICh
Worcestershire
WR9 OPT
Independent examiner
CKCA Limited
No 4 Castle Court 2
Castlegate Way
Dudley
West Midlands
DY14RH
Solicitors
MFG Solicitors
Tyihe House
20-21 The Tything
Worcester
WR1 1HD

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
CONTENTS
Page
Trustees, report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial statemenls
6-14

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report and financial statements for the year ended 31 March 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and
comply with the Trust's deed, the Charities Aci 2011 and -Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commenGing
from 1 January 2016)
Objectives and activities
The funds of the charity are for the benefit and support of the school at Cutnall Green, the maintenance of the
Parish Church of Elmley Lovett and for the poor of that Parish as set out in the Trust's Goveming Documents.
The Trustees have paid due regard to guidan￿ issued by the Charity Commission in deciding what activities the
Trust should undertake.
The Trust's properties were maintained.
The funds held in an investment portfolio managed by Rathbone Investment Management Limited are used to
generate both income and capital growth.
During the year distributions were made in accordance with the terms of the Trust deed.
Achievements and performance
Financial review
Net incoming resources before movement in market value of investments amounted to £23,00712023.' Net outgoing
resour￿ £22,936). The increase in market value of investments amounted to £104,178 {2023: decrease of
£184,702) resulting in total funds of £2,809,766 (2023- £2,682,581).
In the opinion of the Trustees the need for a designated repairs reserve that is maintained to allow for major
unforeseen circumstances continues to remain at £10,000. It was also considered that maintaining a £5.000 level
of reserve in the general purposes reserve is sufficient to meet the administrative expenditure of the Trust and is
sufficient for 1 yearfs administration expenses.
The Trust operates a total retum approach to the investment of the permanent endowment. In accordance with the
terms of the Order made by the Charity Commission. the trustees confimi that:
in identifying the value of the portion of the pemianent endowment that represented unapplied total retum, the
trustees first identified the value of the initial founding gift at July 2007.
when determining the amount of unapplied total retum to transfer to income the trustees have considered the
amount of income required to maintain the current level of charitable activity.,
when reaching their decision as to the unapplied total retum to transfer to income, the trustees have taken
professional advice from their investment advisers regarding the market outlook, investment trends and yield and
the prospect for future capital growth.
Our investment advisors (Rathbones) are instructed to invest to maximise the total retum on permanent endowment
funds within the constraints of a medium to low risk investment portfolio. The expendable endowment since 2007
has been managed as low to medium risk portfolio .
The trustees reviewed the policy for withdrawal of funds from the unapplied total retum fund in 2016. The revised
policy aims to maintain the real value of the pemianent endowment in the medium term.
The Trustees have assessed the major risks to which the Trust is exposed, and are satisfied that systems are in
place to mitigate exposure to the major risks.

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
The Trust was estsblished by a charitsble trust deed on 3rd January 1871 subsequently amended by charitable
deeds on 15th November 1907, 25 November 2008 and 21 December 2015.
The Trustees who served during the year and up to the date of signature of the financial statements were:
Mr R Cartwright
Mr J Goodwin
Mrs J Goss
Mr J Homer
Mrs B Needham
Mr N Wright
Rev S Winter
(Resigned 15 January 2025)
(Resigned 31 August 2024)
The Trustees appointed to the board are members of the Parish or Parishes nearby who are involved in the Church
and have the best interest of the community at heart. The day-to4ay running of the charity is carried out by the
board.
The Trust is run by the board of Trustees. MFG Solicitors attend meetings where relevant to ensure that the
expenditure and distributions are in accordance with the trust deed.
The Trustees, report was approved by the Board of Trustees.
Mrs B Needham
Trustee
3 February 2026

ELMLEY LOVErr CHURCH, SCHOOL AND COMMUNITY TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ELMLEY LOVETT CHURCH. SCHOOLAND COMMUNITY
TRUST
I report to the Trustees on my examination of the financial statements of Elmley Lovett Church, School and
Community Trust (the Trust) for the year ended 31 March 2024.
Responsibilities and basls of report
As th6 Trustees of the Trusl you are responsible for the preparation of the financial statements in accordance with
the requirements of the Charities Act 2011.
I report in respect of my examination of th8 Trust's financial statements carried OLrt under section 145 of the
Charities Act 2011. In carryin9 Out my examination I have followed the Dir8Ctions given by the Charity Commission
under section 145(5){b) of the Charities Act 2011.
Independent examlnor's statemént
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material resped..
accounling records were not kept in respect of the Tnjst as required by section 130 of the Charities Act 2011.
the financial statements do not accord with those records: or
the financial statements do not comply with the applicable requirements conceming the fonn and content of
financial statements set oul in Ihe Charities (Accounts and Reports) Regulations 2008 other than any
requirement thal the financial statements give a true and fair view. which is not a matter considered as part of
an indepèndent examination.
I have no concerns and have com8 across no other matter5 in conneclion with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financlal statements to be reached.
Blake Morris (FCA)
CKCA Limited
No 4 Casue Court 2
Castlegate Way
Dudley
Wesl Midlands
DY14RH
3 February 2026

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted Endowment
funds
funds
funds
Total
2024
Total
2023
Notes
Income from:
Investments
91.214
208
91,422
81,500
enditure on".
Charitable activities
31,965
36,450
68,415
58,564
Net (losses)Igains on investments
104,178
104,178
{184,702}
Net incomingl{outgoing)
resources before transfers
59.249
(36.242)
104.178
127,185
{161.766}
Gross transfers between funds
10
(40,249)
40,249
Net movement in funds
19.000
4,007
104,178
127,185
{161,766}
Fund balances at 1 April 2023
14,718
89,602
2,578,261
2,682,581
2,844,347
Fund balances at 31 March
2024
33,718
93,609 2,682,439
2,809,766 2,682,581
The statement of financial activities includes all gains and losses recognised in the year.

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Fixed assets
Investmenl properties
Investments
11
12
517,000
2,167,264
517,000
2,063,086
2,684.264
2.580,086
Current assets
Debtors
Cash at bank and in hand
14
10,427
99,223
137,805
137.805
109,650
Creditors: amounts falling due within
one year
15
(12.303)
(7,1551
Net current assets
125.502
102.495
Total assets less current liabilities
2,809,766
2,682,581
Capital funds
Endowment funds including UTR Fund
Income funds
Restricted funds
Unrestricted funds
16
2,682.439
2,578,261
17
93,609
33,718
89,602
14,718
2,809.766
2,682.581
The accounts were approved by the Trustees on 3 February 2026
Mrs B Needham
Trustee

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity information
Elmley Lovett Church, School and Community Trust is a charitable trust govemed by a trust deed approved by
the Charity Commission merging the Elmley Lovett Church School Poor Estate charity and Elmley Lovett
Educational Foundation, and came into force on 21 December 2015.
1.1 Basis of preparation
The accounts have been prepared in accordan￿ with the above goveming sGheme, the Charities Act 2011
and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021- (as amended for accounting periods commenGing from 1 January 2016). The
Trust is a Public Benefit Entity as defined by FRS 102.
The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1
not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practi￿ for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterfing. which is the functional GU￿enCY of the Trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. modified to include the revaluation of
investment properties and certain financial instruments at fair value. The principal aGGounting policies adopted
are set out below.
1.2 Going concern
At the time of approving the financial statements. the Trustees have a reasonable expectation that the Trust
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going cOn￿M basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are sel out in the notes to the accounts.
Endowment funds are subjecl to specific conditions by donors that the capital must be mainlained by the
Trust.
1.4 Income
Income is recognised when the Trust is legally entitled to it after any performance conditions have been met.
the amounts can be measured reliably. and it is probable that income will be re￿ived.
Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of
the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation
to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on re￿Ipt or otherwise if the Trust has been notified of an impending distribution, the
amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent
asset.

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.5 Expenditure
Charitable activity costs includes the direct costs of the activities of the Charity.
1.6 Investment property
Investment property, which is property held to eam rentals andlor for capital appreciation, is initially measured
at cost and subsequently measured using the fair value model and stated at its fair value as the reporting end
date. The surplus or deficit on revaluation is recognised in net incomel(expenditure) for the year.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction Pri￿ excluding transaclion cosls, and are
subsequently measured at fair value at each reporting dale. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposils held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The Trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Trust's balan￿ sheel when the Trust becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the fvture receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or
are settled, or when the Trust transfers the financial asset and substantially all the risks and rewards of
ownership to another entity. or if some significant risks and rewards of ownership are retained but control of
the asset has transferred to another paty that is able to sell the asset in its entirety to an unrelated third paty.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Trust's contractual obligations expire or are discharged or
cancelled.

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from investments
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Rental income
Other income
Interest receivable
21.178
70.036
21,178
70,036
208
14.294
67,117
14.294
67,117
89
208
89
91,214
208
91,422
81,411
89
81,500
Expenditure on Gharitable activities
Governance Governance
costs
costs
2024
2023
Direct costs
Insurance
Repairs & Maintenance
Elmley Lovett PCC
Educational Foundation & Relief in Need Grants
1,202
4,036
22,571
36,450
948
5,474
19,722
28,925
64,259
55,069
Share of support and governance costs (see note 4)
Governance
4,156
3,495
68,415
58,564
Analysis by fund
Unrestricted funds
Restricted funds
31,965
36,450
29,639
28,925
68,415
58,564
Support costs allocated to activities
Governance
costs
2024
Total
2023
Governan
4,156
3,495

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to activities
(Continued)
2024
2023
Governance costs comprise:
Legal and professional
Agents fees
1,738
2,418
1,530
1,965
4,156
3,495
Included in governance costs above is £1,738 (2023= £1,530) for Independent Examiners fees.
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl(crediting)'.
Fees payable for the independent examinalion of the charity's financial
statements
1,738
1,530
Trustees
None of the Trustees (or any persons connected with them) re￿iVed any remuneration during the year.
Employees
There were no employees during the year.
Gains and losses on investments
Endowment Endowment
funds
funds
2024
2023
Gainsl{losses) arising on=
Revaluation of investments
104,178
{184,7021
Taxation
The Gharity is exempt from taxation on its aclivilies because all its income is applied for Gharitable purposes.
10 Transfers
There has been a transfer of £40.249from unrestricted funds to restricted funds during the year. This
represents the distribution of the monies due to the Poor Fund (£750) and the Educational Foundation
{£39,4991 and is held as a restricted fund.

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Investment property
2024
Fair value
At 1 April 2023 and 31 March 2024
517,000
Investment property comprises Bearcroft Field and Church Cottage. The fair value of the investment property
has been arrived at on the basis of a valuation carried out at 31 January 2016 by John Andrews of Dolittle and
Dalley FRICS. who is not connected with the Trust. The valuation was made on an open market value basis
by reference to market evidence of transaction prices for similar properties.
The Trustees are of the opinion that the valuation of investment property has not materially changed during
the year.
12 Fixed asset investments
Listed
investments
Cost or valuation
At 1 April 2023
Valuation changes
2,063,086
104,178
At 31 March 2024
2,167,264
Carrying amount
At 31 March 2024
2.167.264
At 31 March 2023
2,063,086
2024
2023
Investments at fair value Gomprise..
Fixed Interest
UK Equities
Overseas
Altemative Markets
Cash
223,176
716,748
1.015.243
138.815
73.282
174,078
974,107
716,619
173.235
25.077
2,167,264
2,063,116
13 Financial instruments
2024
2023
Carrying amount of financial assets
Instruments measured at fair value through profil or loss
2,167,264
2,063,086
10-

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
10,427
15 Creditors: amounts falling due within one year
2024
2023
Other creditors
Accruals and deferred income
8,340
3,963
4,929
2,226
12,303
7,155
16 Endowment funds
Endowment funds represent assets which must be held pennanently by the Trust. Income arising on the
endowment funds can be used in accordance with the objects of the Trust and is included as unrestricted
income. Any capital gains or losses arising on the assets fomi part of the fund.
At 1 April
2023
Gains and At 31 March
losses
2024
Pemianent endowments
2,578.261
104,178
2.682,439
Previous year:
At 1 April
2022
Gains and At 31 March
losses
2023
Pemianent endowments
2,762.963
{184.7021
2.578.261
17 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
Incoming
resources
Resources
expended
Transfers At 31 March
2024
2023
Poor Fund
Educational Foundation
2.826
86.776
(1,000)
(35.450)
750
39.499
2,576
91,033
208
89.602
208
(36.4501
40.249
93.609
11

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Restricted funds
(Continued)
Previous year:
At 1 April
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
Poor Fund
Educational Foundation
14,478
52,188
15
74
(28,925)
17,258
34,514
2,826
86,776
66,666
89
(28,925)
51,772
89,602
18 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
Incoming
resources
Resources
expended
Transfers At 31 March
2024
2023
General funds
14.718
91.214
(31.965)
(40.2491
33.718
Previous year:
At 1 April
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
General funds
14,718
81,411
(29,639)
(51,7721
14,718
12-

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Unapplied Total Return
The charity ha5 been granted the investment power of total return by the Charity lexerci5ed its rights bv
the Trustee5 under 5ertion 104IA) of the Charities A£t 2011 on 30January 2016.Thi5 power permits the
trustees to invest permanently endowed funds to maxim45e total return and therefore to apply an
appropriate portion of the unapplied totsl re￿rn to income.The unapplied total return remains invested
a5 part of the permanent endowment until that pO￿tr is exercised. When exercised it allow5 the trustees to
apply an appropriate portion of the unapplied totsl return to incorne each year.
Endowment for v￿Pp￿d Total
investment
Return
Total Endowment
At l Aprll 2022
Movements
Gains I11055esl 2023
L724,128
LO38￿6
2,762,964
1184.702)
1184.7021
Totd 31 Marth 2023
1,724,128
854,134
2,578,262
At l Apnl 2023
Movements
Gains I Ilosses12024
L724,128
854,134
2,578,262
104.178
104.178
Totd 31 March 2024
1,724.128
958,312
2,682,440
20 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted Endowment
funds
funds
2024
2024
Total
2024
At 31 March 2024:
Investment properties
Investments
Current assetsl{liabilities)
517,000
2,125,316
40,123
517,000
2,167,264
125,502
41,948
(8,230)
93,609
33.718
93,609
2,682,439
2.809,766
Unrestricted
funds
2023
Restricted Endowment
funds
funds
2023
2023
Totsl
2023
At 31 March 2023:
Investment properties
Investments
Current assetsl(liabilities)
517.000
2.021.138
40,123
517.000
2.063,086
102,495
41.948
(27,230)
89,602
14,718
89,602
2,578,261
2,682,581
13-

ELMLEY LOVETT CHURCH, SCHOOLAND COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
14-