Charlty wi5tratlon number 258699 The Leslie Sell Charitable Trust Annual Report and Unaudlted Finanaal Statements For the year ended 5 Aprll 2025 Gilberts
The Leslie Sell Charitable Trust Contents P¥• Le881 and administrative inlomiatson Trustee5' report Independent examlnees report Statement of fbnanctal acbvities Balanre sheet Notes to the financial statements 7-16
The Leslie Sell Charitable Trust Legal and Admlnlstrative Infomiation Trustees Adrian Nkola Co88lr Edward Wiltshire th1efEXU1fve and SeueLIry Pada Griffiths Charlty nurnber 258699 Prlncipal address 1st Fl 8.10 Upper Marfboroh Road St Alba Hertlordshire ALI 3UR Independent eNarnlner Gilberts Chartwed ACntants Pendragon House 65 London P*)ad St Albans Hertford5hire ALI iu Bank• HSBC pk l Mathet Plxe Hiichin Hertford5hire SG5 IDR Sollcitors SA Law Gladstore PIKe 36. 38 Upper PA)ad 5t bar Hertfordshire ALI 3UU Investment adv150 Rathbone Greenbat Invest$ 10 Queen Square Bristd BSI 4NT
The Leslie Sell Charltsble Trust Trustees, Report For the year ended 5 Aprll Z025 The Trustees present their report ènd thnartial statéments for the year ended 5 April 2025. The tinancial statements have bee prepared in accordance with the )untIn8 policies sÈt out in notè I to the flnancial statements and comply wilh the Trust'5 trvst deed, the charies Act 2011 -Ac(ountir£ and Reportin8 by Charitre5'. Statement of Rècommended PraCe applicable to charittes preparfjn8 thelr xcounts In accordCe with the Financial Reportin8 Standard applicablt in the UK and Republic of Ireland IFRS 1021 leffettive ijanuary 20191". Rtftrence and Adrnln15twatlwe Oetams The Le51ie Sdl Charitable Trv5t 15 an unincorpordted a550ciatKJn established by its Founder, the late Leslie Baden Sell. by a Trust Deed daled 3 April 1969 and 15 a rewstered charity. number 258699. The executive orficer nSIble for the day-lo-day runnin of the charity is Paula Griffiths. The objective of the trust is to support )yth group5. PriWP31ty Scimrts and Guldes. tryJt also ottr COMMlty 8roup5. at the discretion of the Trustees In accordance with the trust deed. The financial 5Men1$ he been prepared in acctNdarKe with COUntIng policies set out in note I to the ffinancial statements and tomply with the TnJst'5 governi dotumaK ihe Charities Att 2011 and"Aco)unting arKJ Reportfng by Charltie5: 5taternent of Reconwnended Pr¥knce applicab to charities KYeparinB their xcounts in accordancè with Financial Reporrin8 Stsndard app&cable in the UK and RepublK of Ired {FRS 1021- leffettive i January 2019}. Oblertlves and The Trust makes cash grants to scout and lde groups to help with the finan¢irq of such as building works, transport or equipment. In addition, thq make grants to groups t0d5 the costs ol trips. The Trust decides on the level of grants in accordance with guideline5 agreed by the Trustee5. The 8uiddinesare leWed twice a year. The Trust a150 owns rme building which h44 been kased free ofd)ar8eto residents for use as a ¥ilia8e hall. General cash grarts in the year to S April 2025 totalbed £310W612024- £311.596). Athieyéments and performan Incomin8 resources lor ihe year to 5 Apfil 2025 totalled £91.940 compared wf(h £108.405 in the previous year. The hlstor5c cost of quoted invellmems at 5 April 2025 has decreased by £255,636. The decrease in market value of investments during the year of £342,879 has been debited to the Stement of financial Actibities. Fknon¢lal re¥lew The Trust's ffnanclal assets are held in a coMnat) of investments and cash deposits and theseare reviewed at regular trustee meetings. The Trustees have in mlnd ethical considerations when maing irNestments in the St¢xk Ehange and they do not Invest in companies with any of the followin8 ch¥xteiisths.' pr health safety records, poor management relatTrons. poor environmèntal records. those tontrenir human rights. tlb)sè that Fxoduce armaments, alcohol. iobacco, pornoBraphy or that invofve gambling. The Trust's quoted invèstmÈnt portfolK) is managed by Rathbone Greenbk InmentS. Each Spri the Truslees review the bud8et of income eXpeI[ture fDrecast for the Ènsuing yèar. Thèy fix a level of forecast incorne a¥lable lor 8rant awwds, havire estimated the effects of inflation on the Trust's assets. Grant awards are made each month and each 8rnnt Is revlewed apwoved Iw & l&ist one TrLStee. Structure. 8the¢nance and manment The trus¢ees who have 5eThed during the year and ynce theyear end are set out on page l. New Trustee5 are appginted by exi5tin8 Tru5tee5 in accordance with the tr(rt deed. Thechwity ensures that all new Tru5tee5 are wven sufficient training upon appointment by attendin8 meetines and reading relevant literalu. TheTruAees meet regularty to assess yant applications and rewew the financlal poSIn of the Tnjst. The Trustees have assessed the major risks to which the charlty Is exposed. in particular those related to the operatlons and finances of the Trust. and are sèttsli•d that gystems are in pl&e to miifgate their exwsure to the major risks.
The Leslle Sell Charitable Trust Trustees, Report (Continued) For the year ended S Aprll 2025 Pl•ns forfu¢ rXIS The Tru#ees plan w mntlnue to perforrn the mykofttharity in the5ame wcce5sfv1 monntt. There no signlficant chaws currently planned. Trustees. rosponslbmhles Tht Trustèes are resporfjible fof weparw¥ the Tw5tee5' Repwt ind the Aefflents in xcofdarKe with appficable law and United ngdoA¢£0MInl St¥ds (Llnittd Kwwdom G¥raIA¢£emed kcwitlrv4 Practitel. ThE law lo charities in Erand ar Waks requn5 the Trustees to prep¥e financia 5taternen for each financlal year whkh wve a true and falr vlew of the statt ol affavs of the Twst and of the incorThr¥x resources aNI appllcat¢on of re50urce$ of the Trust forthat ye¥. In prep¥lng these flnancial thèTrustees we requtred ro: - select suttsble accoun[¢ rieS the41 applythemcon%Aenty: -obser¥e the methods and Pfkitips intheOwiiie5 SORP.. - make ludKements and esiimates that are rea50n•ble WKI pnmknt - 3tate whdhtr appllcable actounw standards been foYthd, suwert ts aty matwial departurts disclosed and explaine In the financial 5tatements.' aThJ - Prepa the finant1 statéments on the concem basis unless h 15 inipwowi•te io prtsfft that tht charity will continue in operatlon. The Trustees are respon51ble for keepSr sufftknt aCco¥NI records that disclose 050nable accuracy at any ilme the financlal posltion of the Twst and enable them to enswe that the flal01 Stateffnts with the Ch•rfties Art 2011, the haiity ¢Acccnts and Reportsl Regulations 21x18 the FIrlOn50f thevusrdeed. They ar also reSPLwible for safe8u¥dlr4 the assets of the Tnfjt hee for reasonablè steps for the wevention and dete£tion ol frnud and other Irrqularities. The Trustees. rewt was apwo¥ed trfthe Board Trut AthS•n Sell Twstee
The Leslle Sell Charitable Trust Independent Examlner's Rewl To the Trustee5 Of The Leslie Sell Charitable Trust We report to the Trustees on my e¥amIn of ihe fina1¥ stements of The Le51vd Sell Clwitable Trust (the Trusil for the year ended 5 April 2025. RespDnsibllbfl•s and basls ol rePt As the Trustees of ihe Tru you are ponSIble for the preparation of the finandal ststements in accordance Iwth thè requirernent5 of the Charities Act 2011 Ithe 2011 Actl. We report in respect of our examinabon of the Trusl's financial Statements carried out under seciion 145 of the 2011 Act. In carryin8 Out our examination we have foSh)wed all ihe applicable TeCtionS 8Nen by the Charity Commi5sK)n under section 14Sl5llbl of the 2011 Act. 1ndtndent emamlner'sstatement Your attents.on is drawn to the kn that the cty ha5 Fwepared finarKial statements in accortsrKe with Accounting and Reporting by Charitie5 preparing their auounts in cOrdae with the FInCIal Reportin8 Stsnd¥d applicable in the UK and Republic of Iland IFRS 1021 in prefererKe to the Accounting and Reportin8 by Charities.. Statement of Recommended PractitÈ issued on l April 2()5 which is referred to in t extant regulations but ha5 now been withdrawn. INe understand that this has IJe done orde( for financial #ements to provide a true and fair view In accordance with Generalty Accepted Actn11n8 Prathce effettive for repMin8 wwxls beKinnin&on or after I lanuary 2015. We have wmpleted our examinion. Vle ¢onffimi that mattws have come to Ouf attentlon in connection wlth the examination 6ivin8 uscause to believe that in ary material respect.. accounting record5 We not kept in respert of the Trust a5 required by sectM)n 130 of the 2011 Act. or the financial statements do not accord with those rectyds; or the financial sraternents do comply wilh the applKable reqwrements corKerning the fomi and content of accounts sth out in the Chariiies (Accounts and Rewtsl Regularrts 2()8 other than any requirement that the accounts give a trut and fr view which is not a matter nsidered as part of an independent examination. We have no concerns and have come across no other matters in COnOn with the examinatKn to which attent6on sho be drawn In this report In order io enable a proper underst•)din8 of the linancial statements to be reached. GllJe¢ts Cha Penthagon House 65 London Road st Albans Hertfordshire ALI ILI
The Leslle Sell Charltable Trust Statement of Financial Artivities IndUd1 the Income and ExpendSture AcCnt For the year ended S April 2025 Unrestricted Urtrestrlcted lunds fur*ds 202$ 21)24 Income frorn: Investments 9L940 108.405 Totsl Income 9L940 108.405 Expendliure on: Raising funds Tr•din8 ¢osts Investment management 3.360 16.734 3,210 17,626 20,836 Depreciation and sundry expenses Grants Charfton Bam- insurance Charlton Barn- repal Legal and professional fees Website fees 3.467 310.886 4,439 11.9)7 3.589 311,596 3,129 425 Totsl tharltatsle e¥pendlture 331.401 318,739 Totsl expenditure 35IW6 339.575 Net gainlllossl on revaluation of investments Net 8ainslllosseslon investments 342.879 ,477 24.763 35,523 Net expendbture and movtment In funds 1513.9581 1220,4101 Rttondlladon oflunds: Fund balances at 6 Wil 2024 4157.583 4.377.993 Fund balances at SAprfl 2025 3,643.625 4.157,583 The statement of linancial aciiwties iwKludes all gain5 and 105se5 recogrused in the year. All irKome and expenditure derNe from continuin8 athvStles. There are no movtments on restricted funds.
The Leslle Sell Charftable Trust 8alance sheet As at 5 Aprll 2025 Z024 Flxed assets Tangible assets Irwestments 93J15 3J28J31 96,925 4,344,814 3.922356 4.441.739 Cyrient •ssets Debtors Cash at bank and in hand S,459 168,703 177X 174.162 Credltors: arnountsf•llry dye Twlthkn yoar {613811 15&4441 Net ¢urreTht asset5 12L243 115,718 Totsl assets less twrent IlaWles 4.557.457 Income lunds Restricted fvnds Unrestricted funds 399074 5.643h2S 3tyJ74 4,157583 4013A99 4.557.457 ThE financial stements h•4e been prepared in ¥iordance wth Ch¥leS The financial statements were approveé bv the Trwtees on.... ... .... . . . .. RP IFftS1021 and the charleS*t 2011. Adrian Sell Trustre
The Leslle Sell Charltable Trust Notes to the Flnanclal Statements For the year ended S April 2025 Accountlni poll¢les Charity Information The Leslie Sell Ctable Tntst is a Trust In Eand. The regered office is tst Floor. 8-10 Upper Malbtsrough Road. St bans. Herts. ALI 3UR. Ll A¢¢ounttnK corwentlon The linancial siements have been prepared in (darKe with Charilies Act 2011 aryl"Accounting and RepxJrtin8 by Charities.. Statement of RecommendLxI Ple athicaNe to chariries pparing their accounts in accordante with the Financial Reporting Standard applicable in the UK and Rep of Ireland IFRS 1021 leffective ljanuary 20191.. The Trust is a Public Benefit Entlty as dèfined by FRS 102. The Trust has tsken adtIO¢ of the provisi in 50RP for charitles appIne FRS 102 Update Bulletin I not to prepare a Statement of Cath Flo¥. The financial statements have departed from the th¥ities (Accounts and Reports) RegulSon$ 2008 only to the extent required to prOe a tiue and fair view. TNS departwe hos iNolved followin8 the Statement of Recommended Practice forcharitles applying FRS 102 ratherthan the veth olihe Stennt of Recommende£l Practbce which 15 referred to ift the Regulations but which has since been withdrawn. The financial stalements are prepared in Ste1 whh is the furthnal currew of the Trust. Monetary amounts in these linancial statements are rounded to the nearest £. Thè thNancial statements have been prepared Lder historKal cost conventfon. modified to incde the revaluat?on of freehold properties and to indude investment prortieS and certain hnaTKial Instrumenis ai fa¥ value. The principal accountin8 policies adopted are Set out bekyw. 1.2 Goln¢ ¢cmcem At the rfme of approving the finarKial stements. the Trust he a reasonable eXpeCtaOn that the Trust ha5 equate resources lo conttnue in operational exerKe for at least 12 months from the date of approval of the financial statements. Thu5 the Trustees continue to adopt the gryrrf concern basis of accounti in preparing the finCIal statements. 1.3 Charltable funds Llnrestricted fvnds are available for use at dbsuetron of the Tru5tee5 in furtherwKe of the general i)bjectives of the charity and W(h have not been desnated forother purposes. Restrlcted funds are subiett to rest{K0$ on their expenditure dedared by the donor. )d lall Into one of two sub- ¢Ie$.. restrKted fundsor thdowment funds. IA Incixne Income for the year represents in¥eMment ib)come received and dew5it interest receivab. Income is recogni5ed when the Tru is legally entiiled to it after perfOrMCe conthtions have been met, the amountscan be measured rellav. and it is probable that imome will bè recelved.
The Leslle Sell Charftable Trust Notes to the Financial StatÈments (Conttnuedl For the year ended 5 April 2025 Icontlnuèdl IS General ush Krants Expènditure is rÈtognisèd orte tre is è1È83l or constnxth oblatlon to irnnsfer economic benelir to a third party. r( 15 probable that a transfer of economic benefits will be requiréd in settltmènt. and the amount of the obli8arioD be measured reliabty. Expenditure is da$lied by KtSvity- The costs of each activity are rhade up of total of dir&i costs and shared costs, includin8 SUPPOrt costs involved in undertakinK each &lbVity. Dett costs tributabk to a single activity are allixated direcily to that activity. Shared costs which mntribute to rTh)re thaTh one actfvity and support costs whlch are not attribable to a single actfvlty are apportioneil brtween those ¥tivities on 3 basis conSient with the use of re%wrce5. Central sthff costs a allocated on the basis of time spent, and depreu3tb)n thges are allocated on ihe portion of the asset's use. General cash grants are grants paid duri ar. 1.6 Tan8lblè fixed assets Trngible fixed assets are Initlaly nasured at cost and subsequentfy measured at cost or ¥alOn. net of depreciaknork and any impairment10s5es. DepreCsaon is recogni5ed 50 as to write off the cost or wllIOn of assets less their residual value5 over their useful lives on the followin8 bases= Barn, watend Lane, Chalton Shed. Watefend Lane. Chalton 67 yew5 10 ye$ Ifulfy depreciated} The 8ain or loss arisin8 on the diswjsal of 35set is dÈtermined as the difference between the le proceeds a1 the carrylngvalue olthe assrt, and is reco8nSsed in the statt of fin3n¢i4 aclhvide> L7 Fixed asset InveStmts Fixed asset investments are initialty measured at transactkn price eludIng transaction costs, and are subsequently measured at fair value at each reporring date. chae5 in fzirvalue are retO8nised in net i0(eXpendituTÈ) for thè year. Transaction cosis are expense(l as irKurred. L8 Flnandal Instwm•nts The Trust has elected to appty the prus1OnS of SettK)n 11 and Sectlon 12 of FRS 102 to all of its financial instruments. FinarKial instruments are recogni5ed in the Trust balance sheet when the comp)y bec(rn party to the contra¢tual provisions of the instrument. Bask financhl assets Baslc financial assèts. whith include dtbtots and cath barth balaTKes, are Inma1 measured a transaction price and are subsequèrfty carried at amorfsed cost the effettfve inierest method unless the arrangement constitutes fsnancing transactmin. where thè transactitin is mèasurèd at thè present1r value of the future receipts dIscoted at a market rateof interest. Financial assetsclawlied as receiv*Jle within oftt yEar are not arrK)rdsed. Baslc finanflal Ilabllltles Basic financlal liabilities, whlch include tle and other payatrAes and bank hxns, are initially ffleasured at transatt%o price and are subseouently carried at anwjrtw cost usln8 effective interest method unless the arrangemènt constttuies a hnanciNg transxtion. where the debt insirument is measured at the present fair value ol the future receipts dIOUnted at a market rdte of interesL
The Leslle Sell Charltable Trust Notes to the Financial Statements (Contlnuedl For the year ended 5 Aprll 2025 A¢1{nI policles Icmtlnued) 19 Taxailon The Tivst is a charity thin the Meani of Pawraph I Schedde 6 finance Act 2010. Accordingly. thè Trust is potenttalEy exempt from taxatbn in respe(t of intome or Cawl gains wittrNn categories covered by Schedule 3 of ihe Charitfies Aci 2011 to the extent that suth income or eains are exclusively io charitable purposes. IrNtStrnent Incorn Unre5trkted unStrICted funds lunds ZOZ5 2024 Incoff from investments Interest receiv•bl 45,686 46.254 56.199 52,206 91,940 108,405 Net m¢mwt M fvnds 2025 2024 The nei mov&neni in funds is stated afterchar8in8llcredrbng): Depreciation of owned tangible fixed assets Unrealised 10$5 on investments Galn on disposal of investments 3,0 342.879 188.4771 24.763 135.5231 Trustees None of the Trustees lor any perm Conted wtth thwnl re1ve remuneradon or beneffts from the Trust during the year. Employees There were no employees during thtyear. The charity is &xmpt from taxation on its arti¥itieS b$• all its incomt is applied for charitable purposes.
The Leslie Sell Charitable Trust Notes to the Financial Statements (Continued) For the year ended 5 April 2025 Tan8lNe fixed assèts landi8•m wthYe•d Co At 6 Apdl 2024 214,661 At S April 2025 214,661 Dèpfeclatlon and Impalm)e At 6 April 2024 Oepreciation charged in the year 117,736 3,000 At 5 April 2025 120,736 Carrylrq amount At 5 April 2025 93.925 At 5 April 2024 96.925 io-
The Leslle Sell Charltable Trust Notes to the Financial Statements (Continued) For the year ended S April 2025 8 FIMed •s$et Investments Ilunerol fydlnxv Market Vil V4lw4 2014 Quot•d hN•5trnMts Equmy lrt%stments Accentrepl¢ Adobe I NV 170 41.488 35A28 15307 21.249 136 4L156 14.W 19.388 14,722 31.786 IJL488 35028 37N51 1fi977 9.819 ApD¥ Pk U5DO.Oi ASMLHoldiny NV Assa ANOY NPVSer 8 utodesk Inc 51X) 41.156 20,480 40.719 21,169 29.623 38.840 ZL818 31,045 43,962 Zl.116 75.111 11636 29.716 65,376 18,289 63.159 10233 54,480 14.722 13L7861 lelh¥ay PLC Eeohn US Aerttw L7Tr) 49.411 51789 39.051 1215 49.412 38.352 139m41 ExperlaTh FDMGroup Hold8spIC Gehult Grouppkllormeth P¢fypyl 20.684 7L899 33.439 8.788 28.360 2L930 56.272 56,870 30.137 13.995 33.898 3L851 7.283 I12 3,715 6).048 33.439 Xl 28.3fA) 4012 56.2n 29309 30.U7 30334 3.140 Cre street Ener8ySINaV Pk Grténttsat UK Wind 117.4331 Haleoh 7283 3,71S g)555 9.6CIJ 33568 53JS1 43,263 835 39.705 Ilalma Iiorrt HE[re 551 33568 53,C61 21A77 39,705 35.555 24.809 13.533 89.24) 57.461 42.&7 24.417 Id.179 15.506 52.753 54.052 14.8 37.247 0,406 46,269 173eO 34A88 16A84 723 S969 25.799 13.788 lo3 20.164 76320 36388 41,472 4S972 8S219 43.155 hneon Terlale5AG tertèk6rowJ Johnson Controts Intl VSO 1 nos GrrP pk Le8al &Genenl Matsha#s Group Mkrosoft Corp Nattonal Gri 1213161 355 Isy*J 24A19 13533 38,921 18.3fy) 260 89.2 11545 .614 42294 430 44.916 42107 24.417 14.179 15. 6B891 30fv71 18,9S2 26.7SY) 19.37S 66.360 47.904 40,048 Octows ReThble ithfrn frusi Or5ted AS OxlDTd Inst1mErtts 1310 170) piudeTrNal AELX pk Renewab$ Infrastr¢ Group O(kwLl Intl S4 Sthnethr Elettrfc5E EUR4 Srhroder Investmeni Manaaement Gk4bal Enpr8yTlans0n QlThc Shimano In¢ NPW shares 51753 48J88 S451 239 1262391 36571 36.571 30.$76 133J55 64.731 64.731 39.166 57,849 34,635 44,841 57.292 31040 49.710 33,380 45.697 4B.137 144.fthl Smrth & Trlephew Smith DS 26557 13,974 4Q824 i.(th U.402 4342 29A39 49.617 26.557 47A03 I40} I.4)2) Spettrfs Pic Spira¥ Sa0 Eng-26.92p 5SE Pit 22317 26.659 29,8ag 49,617 50,459 2.11 270 a3,6ZI 44,364 35.535 Ster& pk Thermo FishersenD Inc 105 50.459 -li-
The Leslie Sell Charltable Trust Note5 to the Flnanclal Statements (Continued) For the year ended 5 April 2025 Fixed asset inve5trnents Nun•rol Morket Va Markrt Val clSdI Adl•ook Cash C05t 2024 ToD¥a swemsASA iknr pk Lthite Gvoup Int 14CO 24.891 24.891 24385 70AIO 47.101 15.419 33.(01 75 47.11 15.419 33.081 1¥274 57.S55 38.938 65.915 63M49 4.127 725g9 32335 Xylem kne LlSSO.01 111.70 JA23fi49 33971 P33S391 L429.181 1533,288 1.747.291 Aberdeen St3ndard Fknd M¥-Gbl dex Ikd S Instl Inc 250.cw 145.216 i.i(J) 126210 145.216 120,Th1 IZ7,663 165.330 121200 170,896 FranklinTemplEton Global Fffls HM¥fF ETCSeeurthes RM Physical Gold L453 IZq716 120.716 115.545 37,083 20.076 14,162 34.936 28,677 76.J04 Hannon AJMstron8SI knfr3 Impax Ermronmental Markd5 PLC Janus Hefvternan 37m3 20230 64.944 79248 .7CQ 17.4921 2&677 Lombard OdierFundsGlobal Cllmaie Bond System Hedge Maylair Catal Propertylnc Tw5t for Charity Mlma FundsGlobalGfeen uond H51A 105.435 1105.4351 98.201 81JU 69346 69.346 61,081 6036 S4> SS.611 37 55.618 J7 48,7Bg 45578 4612 52.787 pIctA$sel Management Rathbonè Llral Trnst IA¥a8ewthi. Eihical Bond Inc 155 194469 194832 74 IX832 16.798 172,696 46•) 1?3.187 S3,610 179.845 Rabee0sam5rt EntrKy Fund al London. Ethkal bty)d 2 knc S&PGIDbal 221 I7& 201 ijo 1204A651 416x1 43.680 12.421 38382 53,709 Stewart ITrvE5tors. A 5u&iain BAtt 16.747 14.9711 81W6 Waysione FundSer¢s 92,563 91.711 Iw.019 25&959 13217631 1323 IXth539 1.tyJ2.191 . 1204.682
The Leslle Sell Charltsble Trust Notes to the Financlal Ststements (Contlnued) For Ihe year ended 5 April 2025 8 Fbxed a55et In¥e5tments Icontknwdl M•rkrf Market OrdlNry Cost CW Adl Book Cash C05t V•lu¢ 2025 ZOZ5 2024 Euro lrt¥estmert &nk- 1.375%Sw 710312025 Euro In¥stment Bank. 0.75%SN MTN ishares11 PLCUSOTIPS UCITS ETF£ HdBd dlst lshare$11 PLC. UXGilts UOTS ETF 8U 181212) A3,420 241j 417J 110.745 64,097 220 74 7865 61928 15hares11 PLC USD TIPSVCIT5 ETF£ Ht18d di Krediianst Furwit. OmS% Gtdsm 151tr)12026 Treasury. 118% ViSto¢k 2210312029 Treasury- J18X IA5to¢k Z2m311Q26 Treasury. 318% boThd52211012026 Treasury- 718%Slock 22IIOn029 I(KJ.OYJ 101519 Treasury- 2 In%5Ck 1710712024 75332 Treasury. 718% GieenGlk 3110712033 530.IWJ) 334.984 Trtasury- 114%GIt 3Uty202S 89.225 Treasury y4%GItt 3Y07n031 $8.(K(1 45.714 Treasury 118% VLGMI 23IIJI1036 16at195 6912 12U7¢ IW61 I861 111266 121838 58.121 71.048 94.561 IOL519 117.247 f4),444 75,9&) 95233 88246 111826 58.891 71968 37.( 51121 SOAQ) 7118 9¢1 55311 77,149 321.329 91,746 44,615 164,452 8LTII 41&705 405318 119.2251 45.714 46X37 1333.986 391824 L136.298 LO9752 1.287.841 321,654 988.B54 IL24U14 2.323 3.566.018 3.723.331 4,239.814 Un4UOttd Irmstsnents vestment Properots ILut)Thl Lhllited Ordknary 5hare501£1ea( 105.OQ) Tot•1 ol IMstsiierits 3.926.fS1 98&854 IL246.8141 3.67L018 3.8331 4.344.814 -13-
The Leslie Sell Charitable Trust Notes to the Financial Statements (Continued) For the year ended 5 April 2025 Debto 1025 2024 Arnounts falHn¥ due wlthkn year. Other debtors 5.116 5.459 10 Credltorg: arnounts tslllni due *lthln one ar 20Z5 2024 Accruals 6¥381 58.444 li Re5twlcted funds The restricted fund5 Qf the charity cornprt5e the unexpewhjed balantes of dOnatiS and grants held on trust subiett to specific conditions by donors as to JW they be used. At6Aprll Zl)24 At 5 Aprll 2025 399,874 399,874 Pre¥lt)us year. At6 Aprl 202Y At 5 2024 399.874 399,874 12 Umeslrirted f5 The unrestricted funds olthe ch¥ity comprise ihe unexpended balarKes of donations and grants which are not subject to specilic condirions by donors and erantors as to h)w ih•f mty be used. These include desrtated fund5 which have been set aside out of unresiriued funds by the irustees for specific purposes. At 6 2024 Incomkn8 Resow¢esGalns •nd los At S Aprfl 2025 General funds 4,157.583 91.940 16943751 88.477 3,643,625 Pre¥lous year. At 6 Aprl 2023 Inc RewwcesG•h)s and losses At S Aprll 2024 ded General funds 4.377.993 108.405 1364.3381 35.523 4.157.583 14-
The Leslie Sell Charltable Trust Notes to the FSnanclal Statements IContinued} For the year ended 5 Aprll 2025 Movement kn awity FUN15 Brou8ht forward Movement in year 2025 2024 Unrestricted Fund5 General Reserve 4,157.583 {513,9581 3.643,625 4.157.583 4.157.583 1513.9581 3,643,625 4,157,583 Re5trk¢ed Fund5 Permanent endowment 399.874 399,874 399A74 399.874 399,874 399.874 Unrestrlcted funds indude free and gener* lund5 that are not designated for l(lar purposes. The general reserne is made up of th$tribats1e a)d rn>n.dirtritwtsNe resew as foll¢)ws: Brought Movement in year 2025 2024 D15trlbutable 3,739.425 418.158 1253.1131 1260.8451 3.486,312 157,313 3.739.425 418,158 4,157,583 1513.9581 3.643.625 4.157,583
The Leslie Sell Charitable Trust Note5 to the Flnancial Statements (Continued) For the year ended 5 Aprll 2025 14 Rdated p*11es The Charity is related to the fc4lowirecompJw. Investment ProperDes (Lutonl Limiied, of tst Fkw, &IO Upper Marlborou8h Road. St Albans. Hertfordshlre, ALI 3UR, in which the Trust holds the investments shown in the Fixed Asset Inbwtments we. bein8 a 31.58% shareholdin8 and a trustee holds a pOtiOn as director. No other transathorswfth relateLI parties were undertakw. -16-