Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
Charity number: 284782
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE LESLIE MARY CARTER CHARITABLE TRUST
Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 16 |
Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023
| Trustees | Stephen Richard Mallett Wilson MBE |
|---|---|
| Martyn Ralph Carr | |
| Marycita Jane Wilson | |
| Sara Anne Carr | |
| Charity registered number 284782 Principal office Providence House 141-145 Princess Street Ipswich IP1 1QJ Accountants Menzies LLP Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP Bankers Cater Allen Private Bank 9 Nelson Street Bradford BD1 5AN Solicitors Birketts LLP Providence House 141-145 Princes Street Ipswich IP1 1QJ Independent Examiner Janice Matthews FCA Menzies LLP Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP |
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report together with the audited financial statements of The Leslie Mary Carter Charitable Trust for the year 1 January 2023 to 31 December 2023.
Objectives and Activities
The objectives of the Charity as set out in its Trust Deed are “To apply the Trust Fund and the income thereof upon such Charitable Trusts and for such Charitable purposes and in such shares or proportions as the Trustees shall in their uncontrolled discretion from time to time determine."
In pursuance of this aim the Charity makes grants to organisations, mainly those local to the late Miss Carter, in Northeast Essex and Southern Suffolk, as well as national charities.
The Trustees receive grant applications either by post or email. Prior to their meetings the Trustees establish the income which is available for distribution. The Trustees review all applications received and shortlist those which are felt to reflect the known interests of the founder and make decisions accordingly.
In carrying out their activities the Trustees have had regard to the Charity Commission’s guidance on public benefit.
Achievements and Performance
During the year, the Charity awarded grants of £290,500 (2022 - £75,000) to selected charities. By their programme of grants the Trustees have been able to support local organisations as well as providing much needed funding to national organisations.
Financial Review
At 31 December 2023 the Charity had total funds of £7.89m (2022 - £7.84m), invested in a portfolio of shares, and various rental properties, which generate income in the form of dividends and rental income. At 31 December 2023 the value of quoted investments was £5,118,975 (2022 - £4,942,415), unquoted private company shares were £395,500 (2022 - £395,500) and rental properties £2,265,000 (2022 - £2,295,000). Income from quoted investments were £140,778 (2022 - £131,528), unquoted investments £45,200 (2022 - £45,199) and rental income £44,180 (2022 - £38,318). The average rate of return of quoted investments was 3%. This is line with the Trustees’ expectation.
After taking into account the grants paid the Charity had net income of £84,234 (2022 - net expenditure £412,679).
It is the Charity’s investment policy to invest surplus funds in an investment portfolio managed by J M Finn. The expectation is that the investments will achieve a return of between 2 and 3%. The portfolio is invested by J M Finn in a progressive sector whereby 70 - 90% is in stocks and shares (currently 85%). The Charity adopts an ethical policy in that the Trustees do not invest in tobacco products and limit investment in armament products.
The Trustees have identified the investment performance of its portfolio of listed and unlisted investments and investment properties as being the major risk or uncertainty facing the Charity. This risk is managed by taking appropriate advice from investment and property specialists
It is the policy of Trustees to invest all surplus funds and as overhead costs are limited the Charity does not need to keep separate reserves. Grants paid are funded from current year’s income.
Plans for the Future
The Trustees aim to ensure the Funds of the Charity are appropriately invested and to continue the existing programme of Grant Funding.
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
Structure and Governance
The Charity is constituted as a Charitable Trust and its governing document is the Deed of Trust dated 11 March 1982.
Trustees are appointed by the existing Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Martyn Ralph Carr (Trustee)
Date: 22-Apr-2026
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
Independent examiner's report to the Trustees of The Leslie Mary Carter Charitable Trust ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2023.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
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:
Dated: 23-Apr-2026
Janice Matthews FCA
Menzies LLP
Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Note Income from: Donations and legacies 4 Investments 5 Other income 6 Total income Expenditure on: Raising funds 7 Charitable activities 8 Total expenditure Net (expenditure)/income before net gains/(losses) on investments Net gains/(losses) on investments 13 Net movement in funds before other recognised gains/(losses) Other recognised gains/(losses): (Losses)/gains on revaluation of fixed assets 12 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2023 £ - 230,174 - 230,174 39,431 305,789 345,220 (115,046) 199,280 84,234 (30,000) 54,234 7,837,590 54,234 7,891,824 |
Total funds 2023 £ - 230,174 - 230,174 39,431 305,789 345,220 (115,046) 199,280 84,234 (30,000) 54,234 7,837,590 54,234 7,891,824 |
Total funds 2022 £ 21,862 215,045 9,365 246,272 47,880 89,850 137,730 108,542 (521,221) |
|---|---|---|---|
| (412,679) 80,000 (332,679) 8,170,269 (332,679) 7,837,590 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to 16 form part of these financial statements.
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
BALANCE SHEET AS AT 31 DECEMBER 2023
| Note Fixed assets Investments 13 Investment property 12 Current assets Debtors 14 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Total net assets Charity funds Unrestricted funds 17 Total funds |
39,252 95,322 134,574 (22,225) |
2023 £ 5,514,475 2,265,000 7,779,475 112,349 7,891,824 7,891,824 7,891,824 7,891,824 |
46,208 177,992 224,200 (19,525) |
2022 £ 5,337,915 2,295,000 |
|---|---|---|---|---|
| 7,632,915 204,675 |
||||
| 7,837,590 | ||||
| 7,837,590 | ||||
| 7,837,590 | ||||
| 7,837,590 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Martyn Ralph Carr (Trustee)
Date: 22-Apr-2026
The notes on pages 7 to 16 form part of these financial statements.
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. General information
The Leslie Mary Carter Charitable Trust is an unincorporated Charity registered in England and Wales.
The address of the principal office is given in the Charity information on page 1 of these financial statements.
The trusts objectives are to apply the Trust Fund and the income thereof upon such Charitable Trusts and for such Charitable purposes and in such shares or proportions as the Trustees shall in their uncontrolled discretion from time to time determine.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and 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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Leslie Mary Carter Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The Charitable Trust has significant assets. In the opinion of the Trustees, the Charity is therefore a going concern for at least twelve months from the date of approval of these financial statements and for the foreseeable future. The accounts are accordingly prepared on this basis.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.5 Investments
Listed investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Unlisted investments held as fixed assets are shown at cost less provision for impairment.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
2. Accounting policies (continued)
2.8 Liabilities and provisions (continued)
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
3. Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The main estimate used is the valuation of the Charity's investment properties, which are valued by reference to the anticipated market value of the property at the valuation date using comparable evidence.
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
Critical areas of judgment:
There are no critical areas of judgment in these accounts.
4. Income from donations and legacies
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Legacies | - | - | 21,862 |
Legacies comprise assets left to the Charity in the Estate of the late Leslie Mary Carter.
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
- Investment income
| Income from investment properties Income from listed investments Income from unlisted investments Other interest receivable Total 2023 |
Unrestricted funds 2023 £ 44,180 140,778 45,200 16 230,174 |
Total funds 2023 £ 44,180 140,778 45,200 16 230,174 |
Total funds 2022 £ 38,318 131,528 45,199 - 215,045 |
|---|---|---|---|
- Other incoming resources
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Gain on disposal of investment properties | - | - | 9,365 |
- Investment management costs
| Investment management fees Property management costs Total 2023 8. Analysis of expenditure by activities |
Unrestricted funds 2023 £ 27,979 11,452 39,431 |
Total funds 2023 £ 27,979 11,452 39,431 |
Total funds 2022 £ 28,066 19,814 47,880 |
|---|---|---|---|
| Grant | ||||
|---|---|---|---|---|
| funding of | Support | Total | Total | |
| activities | costs | funds | funds | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Charitable activities | 290,500 | 15,289 | 305,789 | 89,850 |
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
- Analysis of expenditure by activities (continued)
Analysis of support costs
| Birketts LLP Administration Fees Governance costs |
Activities 2023 £ 12,330 2,959 15,289 |
Total funds 2023 £ 12,330 2,959 15,289 |
Total funds 2022 £ 11,950 2,900 14,850 |
|---|---|---|---|
- Analysis of grants
| Grants to | Total | Total | |
|---|---|---|---|
| Institutions | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Charitable donations | 290,500 | 290,500 | 75,000 |
The Charity has made the following material grants to institutions during the year:
| The Charity has made the following material grants to institutions during the | year: |
|---|---|
| 2023 | |
| £ | |
| Name of institution | |
| Action Medical Research for Children | 5,000 |
| Alzheimers Research UK | 10,000 |
| Barn Owl Trust | 5,000 |
| Blind Veterans UK | 5,000 |
| Brain Tumor Charity | 5,000 |
| British Heart Foundation | 5,000 |
| Butterfly Conservation | 2,000 |
| Caring Together | 2,000 |
| Caudwell Children | 3,000 |
| Cruse Bereavement Support | 5,000 |
| EACH | 5,000 |
| East Anglia Air Ambulance | 5,000 |
| Fareshare East of England | 4,000 |
| Fishing for Heroes | 2,000 |
| Fornham St.Martin (Bell restoration project) | 3,000 |
| FAYAP | 2,000 |
| Fresh Start | 3,000 |
| Future Trees Trust | 3,000 |
| Great Ormond Street Hospital | 5,000 |
| Headway Suffolk | 3,000 |
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| ES TO THE FINANCIAL STATEMENTS THE YEAR ENDED 31 DECEMBER 2023 |
|
|---|---|
| Hear for Norfolk Hour Community Inspire Suffolk Ipswich Community Playbus Landmark Trust Listening Books Little Ouse Headwaters Project MacMillan Cancer Support Macular Society Marie Curie Marine Conservation Society National Maritime Museum Norfolk Accident Rescue Service (NARS) Norfolk & Suffolk NHS Foundation Trust Ormiston Families People's Trust for Endangered Species Perennial Riding for the Disabled (Woodbridge) Royal Air Force Benevolent Fund Rural Coffee Caravan Samaritans Save the Children St.Elizabeth Hospice St.Helena Hospice St.Mary's Church, Stoke by Nayland St.Nicholas Hospice Care St.Peter's Church, Copdock St.Peter's Church, Sibton SSAFA Suffolk Accident Rescue Service (SARS) Suffolk Building Preservation Trust Suffolk Wildlife Trust Tall Ships Youth Trust The Afghanistan & Central Asian Association The Almshouse Association The Excelsior Trust The Mission to Seafarers The Princes Trust The Sailor's Children's Society The Salvation Army Tom's Trust University of East Anglia 5th Woodbridge Sea Scouts WWF (Pakistan) |
2,000 1,000 4,000 5,000 10,000 5,000 2,000 3,000 5,000 5,000 5,000 2,500 2,000 2,000 5,000 1,000 5,000 1,000 1,000 2,000 5,000 5,000 15,000 10,000 2,000 5,000 2,000 2,000 3,000 5,000 2,000 30,000 2,000 10,000 5,000 2,000 5,000 5,000 2,000 3,000 5,000 5,000 5,000 5,000 |
| 290,500 |
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
10. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £2,900 (2022 - £2,900).
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).
During the year ended 31 December 2023, expenses totalling £59 were reimbursed or paid directly to 1 Trustee (2022 - £NIL).
12. Investment property
| Valuation At 1 January 2023 Deficit on revaluation At 31 December 2023 |
Freehold investment property £ 2,295,000 (30,000) |
|---|---|
| 2,265,000 |
The Charity owns two properties, land at Fordham Farm which is registered in the name of Fordham Farm Limited, a company whose directors and shareholders are the Trustees of the Charity, and Abbotts Hall Farm, which is registered in the name of the Trustees of the Charity. These properties are held in Trust for the Charity.
The valuation of the properties were valued by Clarke & Simpson, Chartered Surveyors, on the 14th August 2024 & 16th January 2026.
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
13. Fixed asset investments
| Cost or valuation At 1 January 2023 Additions Disposals Revaluations At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 |
Listed investments £ 4,942,415 146,222 (168,942) 199,280 5,118,975 5,118,975 4,942,415 |
Unlisted investments £ 395,500 - - - 395,500 395,500 395,500 |
Total £ 5,337,915 146,222 (168,942) 199,280 5,514,475 5,514,475 5,337,915 |
|---|---|---|---|
Unlisted investments comprise shares in Kentex Limited which were left to the Charity by the late Leslie Mary Carter. These have been valued at probate value.
The unlisted investments are registered in the name of the Trustees and held in Trust for the Charity.
14. Debtors
| Due within one year Other debtors Prepayments and accrued income 15. Creditors: Amounts falling due within one year Accruals and deferred income |
2023 £ 6,056 33,196 39,252 2023 £ 22,225 |
2022 £ 7,568 38,640 |
|---|---|---|
| 46,208 | ||
| 2022 £ 19,525 |
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
16. Financial instruments
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 5,118,975 | 4,942,415 |
Financial assets measured at fair value through income and expenditure comprise fixed asset investments. The value of investments calculated with reference to the market value of the shareholding.
17. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds Statement of funds - prior year Unrestricted funds General Funds |
Balance at 1 January 2023 £ 7,837,590 Balance at 1 January 2022 £ 8,170,269 |
Income £ 230,174 Income £ 246,272 |
Expenditure £ (345,220) Expenditure £ (137,730) |
Gains/ (Losses) £ 169,280 Gains/ (Losses) £ (441,221) |
Balance at 31 December 2023 £ 7,891,824 |
|---|---|---|---|---|---|
| Balance at 31 December 2022 £ 7,837,590 |
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Docusign Envelope ID: 04A16218-7656-465B-B60E-6E5AFC9BA3D3
THE LESLIE MARY CARTER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
18. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Fixed asset investments Investment property Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ 5,514,475 2,265,000 134,574 (22,225) 7,891,824 |
Total funds 2023 £ 5,514,475 2,265,000 134,574 (22,225) 7,891,824 |
|---|---|---|
Analysis of net assets between funds - prior year
| Fixed asset investments Investment property Current assets Creditors due within one year Total |
Unrestricted funds 2022 £ 5,337,915 2,295,000 224,200 (19,525) 7,837,590 |
Total funds 2022 £ 5,337,915 2,295,000 224,200 (19,525) 7,837,590 |
|---|---|---|
19. Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2023.
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