2025-04-05-accounts

LIEBENROOD CHARITABLE TRUST

FINANCIAL STATEMENTS

5 APRIL 2025

Contents

Page

1. Administrative Information 2. Trustees' report 3. Independent Examiner's Report 4. Statement of Financial Activities 5. Balance Sheet

2. • 1. Notes to the Financial Statements

FLETCHER & PARTNERS

CHARTERED ACCOUNTANTS

SALISBURY

Page 1

LIEBENROOD CHARITABLE TRUST

ADMINISTRATIVE INFORMATION

TRUSTEES

Mr Colin Liebenrood Mrs Anne Liebenrood Mr Mark Liebenrood Mr James Fletcher

CHARITY ADDRESS

Crown Chambers Bridge Street Salisbury SP1 2LZ

ADVISERS

Independent Examiner

Andrew Radice Chartered Accountant

Bankers

Cater Allen

Investment Managers

Rathbone Investment Management Limited

REGISTERED NUMBER

270322

Page 2

LIEBENROOD CHARITABLE TRUST TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

The Trustees present their Annual Report and Accounts for the year ended 5 April 2025, which have been prepared in accordance with the charity's trust deed, 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 (FRS102).

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity was established by trust deed dated 18 January 1974 by Mr C.J.F. Liebenrood and is registered with the Charity Commission, No, 270322. Under clause 14 of the Trust Deed trustees are appointed by the Founder, Colin Liebenrood.

The trustees have reviewed the main risks to which the charity is exposed and confirm that systems have been established to mitigate those risks.

PUBLIC BENEFIT

The trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.

OBJECTIVES AND ACTIVITIES

The object of the trust is to distribute its income to such charities or for such charitable purposes as the trustees decide.

ACHIEVEMENTS AND PERFORMANCE

During the year the charity made donations to seventeen charities totalling £35,000.

FINANCIAL REVIEW

The trust's total income amounted to £74,933 which consisted of investment income of £38,469, gifts of shares valued at £23,964 and donations of £10,000 plus gift aid £2,500. The trust donated £35,000 to other charities. Governance, investment management costs and exchange rate costs amounted to £13,126. The trust's investments realised gains of £8,418 and unrealised losses were £173,071. so that overall the net assets decreased by £137,846 to £1,918,478 (2024: £2,056,324).

INVESTMENT POLICY

The Trustees seek to ensure compliance with the provisions of the Trustee Act 2000 and have appointed Rathbone Investment Management Limited to manage the investment portfolio, with the aim of applying criteria for socially responsible investment, to invest at a medium level of risk, to maximise total returns and to maintain the charity's capital.

RESERVES POLICY

The Trustees aim to maintain a level of reserves that will produce an annual income sufficient to cover the grant applications and management and administration costs.

PLANS FOR FUTURE PERIODS

The Trustees plan to continue to make donations to other charities at around the same monetary level.

Signed on behalf of the Trustees C J F Liebenrood .................................................. Trustee Approved by the Trustees on 2 September 2025 .................................................. Date

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIEBENROOD CHARITABLE TRUST

I report to the trustees on my examination of the accounts of the Liebenrood Charitable Trust (the Trust) for the year ended 5 April 2025, which are set out on pages 4 to 8.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).

I report in respect of my examination of the Trustees’ accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

(2) the accounts do not accord with those records; or

(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Andrew Radice

Name: A J Radice FCA

Address: Guelder Cottage, Hanging Langford, Salisbury, SP3 4NW

Date: 9 October 2025

Page 4

LIEBENROOD CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025

Notes INCOME FROM: Donations Donation of shares Investments 2 Total Income EXPENDITURE ON: Raising funds: Investment management costs Exchange rate movement Charitable activities 3 Total Expenditure NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS/LOSSES OTHER RECOGNISED GAINS AND LOSSES Realised gains/(losses) on disposal Unrealised gains/(losses) NET MOVEMENT IN FUNDS Total funds brought forward Total funds carried forward	Income Fund 7,000 - 38,469 45,469 - 37,122 37,122 8,347 - - 8,347 35,293 £43,640	Capital Fund 5,500 23,964 - 29,464 10,601 403 - 11,004 18,460 8,418 (173,071) (146,193) 2,021,031 £1,874,838	Total 2025 12,500 23,964 38,469 74,933 10,601 403 37,122 48,126 26,807 8,418 (173,071) (137,846) 2,056,324 £1,918,478	Total 2024
				43,750 - 36,662
				80,412
				10,313 - 36,056
				46,369
				34,043 9,830 32,583
				76,456 1,979,868
				£2,056,324

The notes on pages 6 to 8 form part of these accounts

Page 5

LIEBENROOD CHARITABLE TRUST

BALANCE SHEET

AS AT 5 APRIL 2025

Notes FIXED ASSETS Investments 5 CURRENT ASSETS Debtors 6 Cash at bank and in hand LIABILITIES Creditors falling due within one year 7 NET CURRENT ASSETS TOTAL NET ASSETS Representing : THE FUNDS OF THE CHARITY (UNRESTRICTED) Income Fund Capital Fund TOTAL CHARITY FUNDS	2025 1,871,072 2,500 49,806 52,306 4,900 47,406 £1,918,478 43,640 1,874,838 £1,918,478	1,962,050 8,750 90,114 98,864 4,590 94,274 £2,056,324 35,293 2,021,031 £2,056,324 2024	1,962,050 8,750 90,114 98,864 4,590 94,274 £2,056,324 35,293 2,021,031 £2,056,324 2024
			£2,056,324
			35,293 2,021,031
			£2,056,324

Signed on behalf of the Trustees C J F Liebenrood ................................................................. Trustee Approved by the Trustees 2 September 2025 ................................................................. Date

The notes on pages 6 to 8 form part of these accounts

Page 6

LIEBENROOD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

1. ACCOUNTING POLICIES

a. Basis of accounting

The financial statements are prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS102) and the Charities Act 2011 and applicable regulations. These financial statements are drawn up on the historical cost accounting basis except that investment assets are carried at market value.

The charity meets the definition of a public benefit entity under FRS 102.

The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.

b. Fund structure

Under the deed of trust by which the charity is constituted, income and capital have to be distinguished. The trustees' power to accumulate income ended on 18 January 1995. The trust deed also gives the trustees the power (but not the duty) to distribute capital, which therefore does not form permanent endowment.

c. Income

Income is accounted for in the period in which the charity is entitled to the income, it is probable that the income will be received and the amount of income can be measured reliably. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

d. Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is included on an accruals basis. Grants and donations are included in the statement of financial activities in the period in which they became payable.

e. Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

f. Debtors

Debtors are measured at the amounts the charity anticipates it will receive from a debt or the amount it has paid in advance for goods or services.

g. Cash at bank and in hand

Cash at bank and in hand includes cash and cash on deposit.

h. Creditors

Creditors are measured at the amounts the charity anticipates it will pay to settle a debt or the amount it has received as an advance payment for goods or services it must provide.

i. Financial Instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. They are initially recognised at transaction value and subsequently measured at their settlement value.

2. INVESTMENT INCOME Dividends from UK equities and unit trusts Property income distributions Interest on UK equities and unit trusts Deposit interest Dividends from overseas equities Overseas fixed interest Reportable income on offshore funds	2025 17,383 1,986 10,203 1,152 3,259 3,483 1,003 £38,469	2024 18,337 1,818 9,659 1,059 1,373 3,509 907	2024
		£36,662

Page 7

LIEBENROOD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5 APRIL 2025

3. CHARITABLE EXPENDITURE Grantmaking Medical charities Bowel Disease Research Foundation Marie Curie Cancer Care Motor Neurone Disease Salisbury Hospicecare Trust Ltd Thrive (Society for Horticultural Therapy) Versus Arthritis Relief of Poverty/Welfare Childrens Chance The Children's Society Karuna Trust Refugee Council Save the Children Shelter Trussell Trust Environmental charities Campaign for Better Transport Charitable Trust Friends of the Earth Animal Welfare Cats Protection League PDSA Governance costs (Note 4) 4. GOVERNANCE Accountancy Independent Examination	2025 500 2,000 2,000 1,500 1,500 3,500 1,500 2,000 2,000 2,500 2,000 5,500 3,000 1,500 1,500 1,000 1,500 2,122 £37,122 2025 1,872 250 £2,122	2024 500 2,000 2,000 1,500 1,500 3,500 1,500 2,000 2,000 1,500 2,000 5,500 3,000 1,500 1,500 1,000 1,500 2,056	2024
		£36,056
		2024 1,806 250	2024
		£2,056

The accountancy fees are payable to Fletcher & Partners, Chartered Accountants, a firm in which Mr J Fletcher is a partner, under authority provided by Clause 8 of the Trust Deed.

Page 8

LIEBENROOD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5 APRIL 2025

5. FIXED ASSET INVESTMENTS

Market value at 6 April 2024 Additions at cost Disposals at opening value Unrealised gains/(losses) Increase in cash held by investment manager Market value at 5 April 2025 Investments at market value comprise: Investment assets in the UK Investment assets outside the UK Cash held by investment manager Historical cost at 5 April 2025 6. DEBTORS Income tax recoverable 7. CREDITORS: Amounts due within one year Accruals Accountants fees Independent examination fee Stockbrokers management fee	Listed investments 1,962,050 544,889 (446,203) (173,071) (16,594) £1,871,072 1,107,585 741,903 21,584 £1,871,072 £1,687,994 2025 £2,500 2025 1,800 500 2,600 £4,900	2024 £8,750	2024
		2024 1,740 250 2,600	2024
		£4,590