Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 Charity number: 284782 TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE LESLIE MARY CARTER CHARITABLE TRUST Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## 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: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **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 Page 1 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together with the audited financial statements of The Leslie Mary Carter Charitable Trust for the year 1 January 2024 to 31 December 2024. ## **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 £273,308 _(2023 - £290,500)_ 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 2024 the Charity had total funds of £7,936,324 _(2023 - £7,891,824)_ , invested in a portfolio of shares, and various rental properties, which generate income in the form of dividends and rental income. At 31 December 2024 the value of quoted investments was £5,245,115 _(2023 - £5,118,975)_ , unquoted private company shares were £395,500 _(2023 - £395,500)_ and rental properties £2,280,000 _(2023 - £2,265,000)_ . Income from quoted investments were £138,246 _(2023 - £140,778)_ , unquoted investments £45,200 _(2023 - £45,200)_ and rental income £42,733 _(2023 - £44,180)_ . 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 £29,500 _(2023 - £84,234)_ . 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. Page 2 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ## **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: 16-May-2026 Page 3 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE LESLIE MARY CARTER CHARITABLE TRUST ## **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 2024. ## **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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 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: Dated: 19-May-2026 Janice Matthews FCA ## **Menzies LLP** Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP Page 4 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 |**Note**
**Income from:**
Investments
4
**Total income**
**Expenditure on:**
Raising funds
5
Charitable activities
6
**Total expenditure**
**Net expenditure before net gains on investments**
Net gains on investments
11
**Net movement in funds before other recognised**
**gains/(losses)**
**Other recognised gains/(losses):**
Gains/(losses) on revaluation of fixed assets
10
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
**226,758**
**226,758**
**38,427**
**284,687**
**323,114**
**(96,356)**
**125,856**
**29,500**
**15,000**
**44,500**
**7,891,824**
**44,500**
**7,936,324**|**Total**
**funds**
**2024**
**£**
**226,758**
**226,758**
**38,427**
**284,687**
**323,114**
**(96,356)**
**125,856**
**29,500**
**15,000**
**44,500**
**7,891,824**
**44,500**
**7,936,324**|_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_| 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. Page 5 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## BALANCE SHEET AS AT 31 DECEMBER 2024 |**Note**
**Fixed assets**
Investments
11
Investment property
10
**Current assets**
Debtors
12
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one year
13
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
15
Unrestricted funds
15
**Total funds**|**9,036**
**36,473**
**45,509**
**(29,800)**|**2024**
**£**
**5,640,615**
**2,280,000**
**7,920,615**
**15,709**
**7,936,324**
**7,936,324**
**-**
**7,936,324**
**7,936,324**|_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_| The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: **Martyn Ralph Carr** (Trustee) ## Date: 16-May-2026 The notes on pages 7 to 16 form part of these financial statements. Page 6 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **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. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. ## **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. Page 7 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **2. Accounting policies (continued)** ## **2.4 Expenditure (continued)** 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. 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. Page 8 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **2. Accounting policies (continued)** ## **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.** ## **Investment income** |Income from investment properties
Income from listed investments
Income from unlisted investments
Other interest receivable
**Total 2024**|**Unrestricted**
**funds**
**2024**
**£**
42,733
138,246
45,200
579
226,758|**Total**
**funds**
**2024**
**£**
**42,733**
**138,246**
**45,200**
**579**
**226,758**|_Total_
_funds_
_2023_
_£_
_44,180_
_140,778_
_45,200_
_16_| |---|---|---|---| ||||_230,174_| Page 9 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **5. Investment management costs** |Investment management fees
Property management costs
**Total 2024**|**Unrestricted**
**funds**
**2024**
**£**
29,048
9,379
38,427|**Total**
**funds**
**2024**
**£**
**29,048**
**9,379**
**38,427**|_Total_
_funds_
_2023_
_£_
_27,979_
_11,452_| |---|---|---|---| ||||_39,431_| ## **6. Analysis of expenditure by activities** ||**Grant**|||| |---|---|---|---|---| ||**funding of**|**Support**|**Total**|_Total_| ||**activities**|**costs**|**funds**|_funds_| ||**2024**|**2024**|**2024**|_2023_| ||**£**|**£**|**£**|_£_| |Charitable activities|273,308|11,379|**284,687**|_305,789_| ## **Analysis of support costs** |Birketts LLP Administration Fees
Governance costs|**Activities**
**2024**
**£**
4,095
7,284
11,379|**Total**
**funds**
**2024**
**£**
**4,095**
**7,284**
**11,379**|_Total_
_funds_
_2023_
_£_
_12,330_
_2,959_| |---|---|---|---| ||||_15,289_| ## **7. Analysis of grants** ||**Grants to**|**Total**|_Total_| |---|---|---|---| ||**Institutions**|**funds**|_funds_| ||**2024**|**2024**|_2023_| ||**£**|**£**|_£_| |Charitable donations|273,308|**273,308**|_290,500_| Page 10 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 The Charity has made the following material grants to institutions during the year: ||**2024**| |---|---| ||**£**| |**Name of institution**|| |ActivLives|**5,000**| |Age Concern North Norfolk|**2,000**| |Age Well East|**5,000**| |Aylsham & District Care Trust|**2,000**| |Blesma|**5,000**| |Bone Cancer Research Trust|**5,000**| |Brave Futures|**2,000**| |British Wireless for the Blind Fund|**2,000**| |Bug Life|**2,000**| |Cancer Support Suffolk|**4,000**| |Cirdan Sailing Trust|**5,000**| |Combat Stress|**5,000**| |Connects & Co|**5,000**| |EACH|**10,000**| |Fishermen's Mission|**5,000**| |Friends of All Saints Church, Brightlingsea|**5,000**| |Frozen Light|**2,500**| |Greenpeace Environmental Trust|**2,000**| |Headway Norfolk & Waveney|**3,000**| |Hearing Advisory Service|**5,000**| |Hearing Dogs for Deaf People|**5,000**| |Home Start in Suffolk|**5,000**| |Lennox Childrens Cancer Fund|**2,000**| |Mind Over Cancer|**5,000**| |Mind Mid and North East Essex|**3,000**| |MNDA|**5,000**| |Multiple Sclerosis Trust|**2,000**| |Musical Keys|**7,500**| |My Life|**5,000**| |National Horseracing Museum|**4,308**| |Norfolk Community Law Service|**5,000**| |Norwich Community Hospital & C Charitable Trust|**2,000**| |Open Road West Norfolk Trust|**5,000**| |Ormiston Families|**5,000**| |Our Special Friends|**3,000**| |Panathlon Foundation|**2,000**| |Racing Welfare|**5,000**| |RNIB|**5,000**| |Robin Cancer Trust|**2,000**| |Royal Agricultural Benevolent Institution|**4,000**| |RSPCA|**2,000**| Page 11 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |Rural Coffee Caravan
Saffron Hall Trust
Samaritans
Snettisham Memorial Pavilion Fund
Sofa Project
Soil Association
St.Elizabeth Hospice
St.Helena Hospice
St.Nicholas Hospice Care
Stroke Association - Second Chance Stroke Group
Suffolk Building Preservation Trust
Suffolk Community Foundation
Suffolk Historic Churches Trust
Suffolk Mind
Suffolk Wildlife Trust
Support Dogs
Swan Youth Project
The Mardler
The Nancy Oldfield Trust
The Offshoot Foundation
The Seafarers Charity
The Trussell Trust
Whitton Church PCC
Wilderness Foundation UK
WWT
Wymondham Baptist Church
Wymondham Youth Bus|**2,000**
**5,000**
**5,000**
**3,000**
**5,000**
**1,000**
**5,000**
**5,000**
**5,000**
**2,000**
**2,000**
**5,000**
**5,000**
**4,000**
**15,000**
**2,000**
**4,000**
**1,000**
**2,000**
**2,000**
**5,000**
**5,000**
**5,000**
**3,000**
**3,000**
**5,000**
**2,000**| |---|---| ||**273,308**| ## **8. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £3,600 _(2023 - £2,900)_ , and an accounts preparation fee of £3,600 ( _2023_ - _£NIL_ ). ## **9. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ . During the year ended 31 December 2024, expenses totalling _£_ 84 were reimbursed or paid directly to 1 Trustee _(2023 - £59_ ). Page 12 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **10. Investment property** |**Valuation**
At 1 January 2024
Surplus on revaluation
At 31 December 2024|**Freehold**
**investment**
**property**
**£**
**2,265,000**
**15,000**| |---|---| ||**2,280,000**| 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 4th February & 12th March 2026. ## **11. Fixed asset investments** |**Cost or valuation**
At 1 January 2024
Additions
Disposals
Revaluations
At 31 December 2024
**Net book value**
At 31 December 2024
_At 31 December 2023_|**Listed**
**investments**
**£**
**5,118,975**
**168,577**
**(168,293)**
**125,856**
**5,245,115**
**5,245,115**
_5,118,975_|**Unlisted**
**investments**
**£**
**395,500**
**-**
**-**
**-**
**395,500**
**395,500**
_395,500_|**Total**
**£**
**5,514,475**
**168,577**
**(168,293)**
**125,856**| |---|---|---|---| ||||**5,640,615**| ||||**5,640,615**| ||||_5,514,475_| 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. Page 13 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **12. Debtors** |**Due within one year**
Other debtors
Prepayments and accrued income|**2024**
**£**
**4,601**
**4,435**
**9,036**|_2023_
_£_
_6,056_
_33,196_| |---|---|---| |||| |||_39,252_| ## **13. Creditors: Amounts falling due within one year** |Accruals and deferred income
**14.**
**Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditure|**2024**
**£**
**29,800**
**2024**
**£**
**5,245,115**|_2023_
_£_
_22,225_| |---|---|---| |||_2023_
_£_
_5,118,975_| 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 Page 14 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **15. 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 2024**
**£**
**7,891,824**
_Balance at_
_1 January_
_2023_
_£_
_7,837,590_|**Income**
**£**
**226,758**
_Income_
_£_
_230,174_|**Expenditure**
**£**
**(323,114)**
_Expenditure_
_£_
_(345,220)_|**Gains/**
**(Losses)**
**£**
**140,856**
_Gains/_
_(Losses)_
_£_
_169,280_|**Balance at 31**
**December**
**2024**
**£**
**7,936,324**| |---|---|---|---|---|---| ||||||_Balance at_
_31 December_
_2023_
_£_
_7,891,824_| ## **16. Analysis of net assets between funds Analysis of net assets between funds - current period** |Fixed asset investments
Investment property
Current assets
Creditors due within one year
**Total**|**Unrestricted**
**funds**
**2024**
**£**
5,640,615
2,280,000
45,509
(29,800)
7,936,324|**Total**
**funds**
**2024**
**£**
**5,640,615**
**2,280,000**
**45,509**
**(29,800)**| |---|---|---| |||**7,936,324**| Page 15 Docusign Envelope ID: AC378597-BE26-8025-82CD-4AFA8B666076 ## THE LESLIE MARY CARTER CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **16. Analysis of net assets between funds (continued)** ## **Analysis of net assets between funds - prior period** |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_| ## **17. 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 2024. Page 16