Charty number: 249105
THE CULFREY LANDS CHARITY
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

ThE CULFREY LANDS CHARITY
CONTENTS
Page
Rof8ronce and admlnlstratSv• dotalls of th• charlty. Its tru$t••s and advlsers
Trust•e8' report
Indepondent •xamln•rf• report
Recolpts and paymfjnts account
stst•m•nt Of è$ièts and Ilabllltles
Not•8 to tho IlnaD¢l•l ststements
8-10
M•nagèmtnt Inf¢miatlon S¢h•dul•$

REFERENCE AND ADMINISThATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2025
Trust••s
Trusl8e8 during the year were..
M Parry, Chairman
A P Machin, Treasurer
Rev L Br8bin-Smith
A whi￿Orth
N Sardeson
P Hobbs
S Copsey
One Twslee holds officg by virtue of being Chair of the Parish Councll. Thr80 Trustses arè nomlnaled by thè
Parish Council. Two Trustees are ccwpled.
Charlty roglstor8d number
249105
Prlnclpal offlce
The Gables. Barff Road. Potterharbworth. Lincoln. LN4 2DU
Thosè wlshing lo contact Ihe trustees should write to the above addross.
A¢countsnt¥
Streets LLP, Tower House. Lucy Tower Street. Lincdn. LN1 IXW
Bank•r¥
National Wg$tmlnster Bank p
Investm•nt Cust¢dlan8
M & G Group, Chellenham
Page I

TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 202S
The Trustees present their annual report together with the financial statements of The Culfrey Lands Charity Ithe
charilyl for the year end8(J 31 December 2025. The Trustees confirm that the Annual report and financial
statements of the charity c(￿pIY with the current statutory requirements and th8 r8quir8ments of th9 charity's
governing document.
Structure. governance and management
a. CONSTITUTION
The Culfrey Lands Charity incorporates the charities of Mary Briggs arKt Richard Newbee under an order of the
Charity Commisyion datsd 27 Juty 1971. The Charity is reglstered under Ihe Charities ¢11960. number 249105.
Thg pfincipal object of the charity is to appty surplus income in r81i8ving ailhar g8n8rally or Indlvidualty person8
resident in th& parish of Pottgrhanworth who afg in condilK)n of need, hardship or distress.
b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
Tho management ol the charity is the responsibility of the Trustses. There are ￿o'Ex￿fflCio Trusle85,' one being
the current Chair of the Parish Council and one bein9 the current Rector ol the ecclesiastical parish of St AndTOW
in Potterhanworth. Three trustees are nominated by the charty andlor Parish Council. One trustee is co-opted
from a business in or near the Parish of Potterhanworth.
¢. 08JECTIVES AND ACTNrrES
The permanent copilal of the Charity comprises 15 acres {approximalelyl of arablg land. bungalows known
as tho CulfTey Cotlages. and a Small amount of income producing invostmgnts.
In accordance with Ihe Trust Dee(I, and after the expenses of man8gemenl of the charity's assets, a yearly sum
18 paid Iow8rds the maintenance of the Ioc81 churd) clock, and in the year ended 31 December 2025 the sum
pald was £23412024.. £2341. The Trust deed also provides that an annual sum b8 paid to th8.Official Cuslodlan
of Charities in respect of Extraordinary Repair Fund for the extraordinary ropalr, improvement or rgbullding of
the almshouses and other propety- In the year ended 31 December 2025 £48012024.. £4801 was transferred to
Ihls fund.
The trustees spent £20.160 on replacing windows and doors al cottages during Ihe year.
Subject lo the above paymgnls any surplus income may b8 appliod in religving either generally or intllvidually
persons resident in the parish of Pottgrhonworth who are in cond¢lion of need, hardship or dlslress.
The charily h8s conllnued to operate wtthin its charitsble purposes during the year, providing affordable
accommodation in the Cufvy Cottages and making appropriate (*aTitable payments. The Trustees intend to
continu8 wilh Ihis type and scalg of aciivity in th8 fvtvre.
d. INVESTMENT POLICY AND PERFORMANCE
The Trustees. investment policy is to secure reasonable rates of retum. induijing some element of participatlon
in stock market movomonts, while minimising indNidual investment risks. This Is achieved by investing surplus
funds in a mixttjre of unii-based investrnents designed specrficalfy for Ihe charity sector. with some investment
in buikling society deposit accourts.
Page 2

TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
e. GOING CONCERN
After maklng approwiate enquiries. the trustees have a reasonable expectstion that tho charfty has adequats
resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt
the going ¢oncem basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the Accounting Policies.
f. RESERVE POLICY
The Trustees have a Reswv8s policy which is reviewed on an annual basls. or more frequently If deemed
necessary. This review encompasses the nalurg of income and expenditure streams. the need lo match
incomg with commilmenls. The Trustees have delem)in8d that f8SWVeS have to be sufficient to build
conlSngency for unexp8cl8d repairs lo Ihe almshouses operated by the charity.
This report was approved by the Tnjstees on 17 March 2026 an(1 signed on thelr b8half by..
A P MACHIN
Treasuref
Page 3

THE CULFREY LANDS CHARITY
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CULFREY LANDS CHARITY
I report on the financial slalemenls ol the charity for the year ènded 31 Decemb&r 2025 which are sel out on
pages 6 to 13.
Thls report is made solely lo the charity's Trustees. as a body, in ac￿rdanCe with secllon 145 of the Charities
Act 2011 and regulations madg under section 154 of that Act. My work ha5 been undertaken so that I might slate
lo the charitys Trustees those matters l am requiwd lo stalé to them in an Independent examinor's report and
for no other purpose. To the lullesl exlenl permitted by law. I do not accept or assume responsibility lo anyone
other Ih8n the charity and the charity's Trustees as a body. for my work or for this report.
RESPECTIVE RESPONS181LrriES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the p￿paratiOn of the a￿￿nIs. Tho charity's trustges consider that
an audit is not requlred this year under section 144 of the Charities Acl 2011 Ilhe cha￿tIeS Act) and that an
independent examination is needed.
It ss my responslbllSty to..
exarnine thg accounts under section 145 of Ihe Charilios Act.
lo follow the Pfocedures laid down in the general Direc1K￿$ glven by Ihe Charity Commission (under
section 14515llbl of the Charities Act. and
lo state whether particukr mattgrs have come to my altenlion.
8ASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with general Oirections grven by the Charity Commission. An
examination includes a review ol the accounting fecords kept by the charity and a cornparison of the accounts
presented with those records. It aL80 includes consideration of any unusual items or disclosurgs in the
accounts, and seeking explanations from the Iruslees conceming any such matt8fS. The procedure8
undertaken do not provide all the evidence that would be required in an audil, antl consequently no opinion is
given as lo whether the accounts present a Yrue and fairf v￿W arKI the rep(xt is limited to those matt8rs Sgt out
in the statement below.
Page 4

THE CULFREY LANDS CHARITY
INDEPENDENT EXAMINER'S REPORT Icontlnuedl
FOR THE YEAR ENDED 31 DECEMBER 2025
INDEPENDENT EXAMINER'S STATEMENT
In connedon with my examination. no material matters have come to my attentlon which gives me cause lo
believa that in. any material respect=
accounting records were not k8Pt in ac¢x*rdance with section 130 of the Chanties Act or
the accounts do not ￿0rd wilh tha accounting r8cords
I have come across no other matters in wnneC1￿ll with the examination lo whlth attention should be drawn In
order lo enable a proper underslanding of the ￿￿Unts lo bg reached.
Llnda Lord Bsc FCA TEP
Strgels LLP
Tower House
Lucy T¢)wer Strgets
Lincoln
LN1 1XW
Datèd.. 24 March 2026
Page 5

THE CULFREY LANDS CHARrrY
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
Vnr•strl¢tod
funds
2025
Total
funds
2025
Tot81
lunds
2024
Nota
RECEIPTS
Investsment income
29.960
29.960
13,320
TOTAL RECEIPTS
29.960
29.960
73.320
PAYMENTS
Property expenditure
Adminislralion costs
Grants
Asset and investrnenl purchases
25,505
1.019
5,786
25,505
1,019
5,786
2,842
1,017
6,047
480
TOTAL PAYMENTS
388
NET RECEIPTSIPAYMENTS
(2.8301
12.8301
2.934
Cash funds lasly88r end
TOTAL FUNDS AT 31 DECEMBER 2025
The notes on pages 8 to 10 form part of thesg financial ststgmgnts.
Page 6

THE CULFREY LANDS CHARtrY
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 DECEMBER 2025
2025
2024
Note
CASH FUNDS
Bank Current Account
4,824
1,994
4.824
INVESTMENT ASSETS
Short Tem Investments
126,558
126, 716
ASSETS RETAINED FOR CHARirY's
OWN USE
Freehold LÈnd and Bulldings
TOTAL ASSETS
135,795
138,783
. TOTAL LIABILITIES
TOTAL AsseTS LESS LIABILITIES
13S795
The financial stslomgnts were approved by th8 Trustees on 17 March 2026 an(1 signed on Ih&ir behalf, by:
M PARRY
ChaSrman
A P MACHIN
Treasurer
The notes on pages 8 to 10 fonn part ofthese financial sL*merts.
Page 7

THE CULFREY LANDS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
ACCOUNTING POLICIES
1.1 Ba$1$ of pr¢paratI¢￿ of flnanclal sL*om•nts
The finan¢i81 $18lements have been prèpared under the historic81 eA)sl convention, with th8 èxcèption
of inveslrnents which are included at market value. and have been prepared on the receipts 8nd
payments basis and lake no account of deblots or eThdilors at the year ond.
1.2 Fund accountlng
General funds are unre5tricled funds which are 8vai18ble for us8 8t the discretion of the Trustees in
furtherance of the general objecttves of the charity and whkh have not been de3ignated for other
purposes.
Designated funds comprise unreslricled funds that have been sel aside by the Trustees for particular
purposes. The aim and usè of each design8teO lund is sel out in the notes to the financial stalemenls.
Investment Income. gains and 10s50$ allocatèd to th6 appropri818 fund.
1.3 Invostmonts
Investments are stated at market valu8 al the balance shèèt dale.
1 A Repalr ¢08ts
Repalr cosis Sncurred Sn the year are rellected in the Receipts and Payments Accounts.
INVESTMENT INCOME
Unr•$trlct•d
fund$
2025
Total
fund$
2025
Total
funds
2024
Land rent
Bungabw rent
Wayleaves
Caravan Storage
Renewable Heal IncenlNe
Oisposal proceeds from sale of shares
Dfvidend income from shares
1.869
7.502
15
935
1.428
17.500
1,869
7,502
15
935
1,428
17,500
1,693
7,280
15
1,508
1,384
1,440
P8ge 8

THE CULFREY LANDS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PROPERTY EXPENDITURE
Unrestrictad
funds
2025
Total
funds
2025
Total
funds
2024
Insurance
Water rat8S
Repairs and rnainlenance
Barn refurbishmenl
r Source Pump ser￿¢8
Window Cleaning
Cottage Renovations
674
570
3,261
$20
674
570
3.261
S20
647
539
1,612
44
360
156
20.160
156
20.160
ADMINISTRATION COSTS
Unrestrlctod
lunds
2025
Total
fund$
2025
Tofal
lunds
2024
Accountancy fees
Other subscriptions
Postage
990
15
14
990
15
14
990
75
12
ASSET AND INVESTMENT PURCHASES
Unre$trl¢ted
funds
2025
Total
funds
2025
Totgl
lunds
2024
Curr8nt assgt investment addilions
270
27
Page 9

THE CULFREY LANDS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
SHORT TERM INVESTMENTS
2025
2024
Cost
Beginnlng of yèar
Additions
Accumulated income rfrinvested
Disposals
83.323
83.023
270
30
23
115.5651
End of year
Markat value
FREEHOLD LAND AND BUILDINGS
2025
2024
Freehokl arable land., 15.468 acres (not valued)
Fre8hokl bungalows.. 1 8nd 2 Cuffrey Cottag88
7,243
7,243
Page 10

THE CULFREY LANDS CHARrrY
MANAGEMENT INFORMATION SCHEDULES
FOR THE YEAR ENDED 31 DECEMBER 2025
THE CULFREY LANDS CHARrrY
MANAGEMENT INFORMATION SCHEDULES
YEAR ENDED 31 DECEMBER 2025
Pagè11

THE CULFREY LANDS CHARITY
MANAGEMENT INFORMATION SCHEDULES
FOR THE YEAR ENDED 31 DECEMBER 2025
CHARrrY FUNDS
Deslgnated funds
Extra
ordinary
repalrs
Routlne
Slnklng Fund malntenanc•
Total
Beginnlng of year
33.012
1058
91,646
126,716
Income revlnvesled
23
503
Transfer.. Repairs
.117,5001
117,5001
Addltion8
UnreBlSs8d galnl(loss) on
Investments
1,793
15.046
18.839
126 5S9
Genor•l fund¥
G•n8ral
fund
Beglnnlng of y68r
12.067
Oellcil of recelpls over payments
{2,8301
End of thg year
Total Unrestricted lunds
135796
Page 12

THE CULFREY LANDS CHARITY
MANAGEMENT INFORMATION SCHEDULES
FOR THE YEAR ENDED 31 DECEMBER 2025
INVESTMENTS
Net book
value Market value Market value
2025
2025
2024
HELD AS SHORTTERM (OR CURRENTI
ASSETS
Accumulated income..
16,732 NAACIF income shares IM&G
Inve51menlsl
13,832
17,305
33,012
760 NAACIF accumulated shares IM&G
Inveslmenlsl
52.348
107,173
91,646
Routlnè malnt8nanc8 luNI:
Natwgsl Busines8 Reserye Accounts
081
Page 13