REGISTERED CHARITY NUMBER: 285524 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 FOR LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST RML Taylor FCCA I Carnegie Road Newbury Berkshire RG14 5DJ
LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 December 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financlal Activltles Balanc• Sheet Notes to the Flnancial Staternents 6 to 12
LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST REPORT OF THE TRUSTEES For The Year Ended 31 December 2025 The trustees present thelr report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provlsions of Accounting and Reporting by Charities- statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective I January 2019) OBJECTIVES AND ACTIVITIES Objectives and aims Lambourn Church of England School House Trust is an unincorporated charity established by a Deed of Trust, whose purpose is 'the advancement of the education of children in the parish of Lambourn,. The Trust aims to fund grants and donations each year wbth the total value determined by investment returns and the availability and eligibility of projects/activities to fund. The trustees apply the funds at their discretion and In accordance wlth the charitable purposes and object of the charlty. Any decision to award a grant or donation remains solely the responsibility of the trustees. Publlc benefit The focus of the trust is on supporting projects and artlvitles that are outside the core education provision and that are beneficial in meeting the specific needs of the children in the parish. The Charity's Trustees have had due regard to the Charity Commission's guidance on Publlc Benefit. ACHIEVEMENTS AND PERFORMANCE Achievements and Performance In 2025 the trust distributed grants/donations to the value of £36,600. Grants were made to the local school towards the lease of minibus and coach travel expenses for educational activities. Additional grants to the school were for books to upgrade the library reading lists, upgrading existing facilities to produce an early years BalanceAbility cycle track and for new playground equipment. other organizatlons to benefit were Lambourn'5 Youth Club, Brownies, Guides and Rainbows. The trust continued its funding to the Imagination Library Scherne providing some 50 pre-school children in the Lambourn postcode with a monthly reading book. FINANCIAL REVIEW Financial position The Trust does not carry out any fund-raising activities. It funds its grant-maklng actlvlties wlth Income derived from a tangible asset in the form of a residential property which provided a modest annual Income and assets held in investment funds at the lower end of the rlsk spectrum. Reserves policy The Trust holds a proportlon of funds in readily accessible accounts to ensure it can meet its annual obligations for grants and make provision for the maintenance of the residential property. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unbncorporated charity. Recruitment and appolntment of new trustees The appointment of Trustees is governed by the Deed of Trust of the Charity. They are subject to being 3 in number. Each serve a 4 year term. The Trustees are specified In the Deed of Trust to be.. The Vicar of the Parish of Lambourn. Appointed by the ParDchial Church Council of the Parlsh of Lambourn. Appointed by Excalibur Academies Trust and be from the Parish Df Lambourn. Page I
LA14BOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST RepoRT OF THE TRUSTEES For The Year Ended 31 December 2025 STRucfuRE, GOVERNANCE AND MANAGEMENT Organlsational structure The Charity was established on l August 1982 and is administered by the Trustees. All decisions are made by the Trustees having tsken appropriate third party advice where deemed necessary. Rlsk mana9emeTrt The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure that appropriate controls are in place to provide reasonable a55urance against fraud and error. A Grants and Donations Policy sets out the criteria for awarding grants. Payment of the grant is madè retrospettively upon receipt of evidence that the activity or projett has taken place in accordance with the grant's terms. The Trust has an InvestrnÈnt Policy and the Trustees review the Investments on a regular basis with the assistance of profe55ional advisors. This ensures that any relevant risks are identlfl@d and monitored and managed In the appropriate manner. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 285524 Principal address 13A Oxford Street Lambourn Hungerford Berkshire RG17 8XS Tru$tees C Harris Rev J Mintern Ms A L Webster IniFependent Examiner RML Taylor FCCA I Carnegie Road Newbury Berkshire RG14 5DJ Approved by order of the board of trustees on by.. and signed on its behalf C Harris - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST Independent examiner's report to the trustees of Larnbourn Church of England School House Trust I report to the charity trustees on my examination of the accounts of Lambourn Church of Eng5and School House Trust (the Trust) for the year ended 31 December 2025. Responslbllltles 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 Art 2011 I'the Act,). I report in respect of my examlnation of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examinatlon I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examifier's Statement I have completed my examination. I confirm that no material matters have come to ffly attention in connectlon with the examination giving me cause to believe that in any material respect.. accounting records were not kept In respect of the Trust as requlred by Sertion 130 of the Act. or the accounts do not accord with those records. or the accounts do not comply with the applicable reoulrements concerning the forrn and content of accounts set Dut in the Charities {Accounts and Report5) 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 connectlon 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. RML Taylor FCCA I Carnegie Road Newbury Berkshire RG14 SDJ Date.. Page 3
LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2025 2025 Unrestricted fund 2024 Total funds Notes INCOME AND ENDOWMENTS FROM Donation5 and legacies 93 Investment income 53,605 52,919 Total 53,698 52,919 EXPENDITURE ON Charitable activities Charitable expenditure 36,555 32,660 other 2,374 Total 38,929 32,660 Net gains/{losses) on investments 144,809) 25,080 NET INCOME/(EXPENDrruRE) (30,040) 45,339 RECONCILIATION OF FUNDS Total funds brought forward 1,863,284 1.817,945 TOTAL FUNDS CARRIED FORWARD 1,833,244 1,863,284 The notes form part of these financial statements Page 4
LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST BALANCE SHEET 31 December 2025 2025 Unrestricted fund 2024 Total funds Notes FIXED ASSETS Investmants Investments Investment property 1,076,029 525,000 1, 120,838 525,000 1.601.029 1,645,838 CURRENT ASSETS Debtors Cash at bank io 1,109 232,402 55 218,632 233,511 218,687 CREDITORS Amounts falling due within one year (1,296) (1,2411 NEf CURRENT ASSErs 232,215 217,446 TOTAL ASSETS LESS CURRENT LIABILITIES 1,833,244 1,863,284 NET AsseTS 1.833,244 1,863,284 FUNDS Unrestricted funds 12 1,833,244 1,863,284 TOTAL FUNDS 1,833,244 1,863,284 cl I state ent re approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. C Harrlg - Trustee The notes form part of these financlal statements Page 5
LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST NOTES TO THE FINANCIAL sfATEMENTS For The Year Ended 31 December 2025 ACCOUNTING POLICIES Basls of preparing the flnanclal staternents The financial statement5 of the charityi which is a public benef5t entity under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancia1 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} {effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluatlon of certain asset5. Overall risk to operations Following the year end, there have been no substantial developments that would affect the Charity's ability to remain in surplus. The Charity has therefore determined that there are no post balance sheet events and accordingly, the financial position a5 at, and results of the operations for, the year ended 31 December 2025 have not been adjusted to reflect thelr impart. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the incorne will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there Is a legal or constructive obligation committbng the charity to that expenditure, It Is probable that a transfer of economic benefit5 will be required in settlement and the amount of the obligation can be measured reliably. Expenditure s accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to attivities on a basls conslstent wlth the use of resources. Grants offered subject to condStions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Charitable activStles Grant and Donations: The Trustees apply the funds of the School House Trust at their di5cretlon and in accordance wlth the charitable purposes and objects of the Charity. The number and value of grants is necessarily limited to the amount of funds that are available for distributlon each year. The trustees have determined that the current priorities for funding grant5 are.. Facilitatlng extra-curricular activities for children aged 5-1 l in areas of art5, Sport and culture. Encouraging pre-school children to attaln basic skills in literacy and speaking and listening. Enabling children to achieve thelr full potentlal in literacy. The trustees will only conslder appllcation5 for grants from orgènisatlons, not indlviduals, withln the Parish of Lambourn. Applications for grants received not in-keeping with the priorities for support will only be considered under exceptional circumstances. The trustees will allocate a portion of the fund each year for small donations of up to £500. Investments Investment property is shown at most recent valuation. Any aggregate SLJrplus Dr deficit arising fmm changes in fair value is tognIsed In the Statement of Flnancial Activities. Page 6 continued...
LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued For The Year Ended 31 December 2025 ACCOUNTING POLICIES - Contlnued Investments The overall investment objectlve is to produce the best financial return with an acceptable level of risk. Long-term funds: Are used to generate a fairly high level of income whlle minimising the risk of capital losses. The ncome and capital gains will aid in protecting the Charity's capital from the impact of inflation. The charity uses the Consumer Price Index {CPI) as an inflation measure and the target return on investment is inflation plus 5010. Short-term funds.. The Charity will use short term investments with a minimum A-credit ratingi to achieve a competitive rate of interest on cash balances, with the matrn aim being to have readlly accessible funds in the case of unexpected expenditure or low value capital pmjerts. Ethical Policy: The Charity expects fijnds to be invest and managed in accordance wlth the Church of England's Ethical Jnvestment Advisory Group and the UK Stewardship code. Taxation The charity is exempt from tax on its charltable activities. Fund accounting Urirestricted funds can be used in accordance with the charitable objectives at the dlscretlon of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fund5 are raised for particular restricted purposes. Further explanatlon of the nature and purpose of each fund is included In the notes to the financial statements. INVESTMENT INCOME 2025 2024 Rents received Investment income Deposlt account interest 12,822 40,643 140 12,386 40,346 187 53,605 52,919 Page 7 continued...
LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2025 GRANTS PAYABLE 2025 2024 Charitsble expenditure 36,555 29,161 The total grants paid to organisations during the year was as follDWS'. 2025 2024 Lambourn Church of England Primary School Other institutions 25,679 18,562 10,876 10,600 36,555 29,162 INDEPENDENT EXAMXNERS. REMUNERATION 2025 2024 Independent examiners, remuneration Independent examSners' remuneration - Non Independent examination 578 718 546 696 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. STAFF COSTS The Trust dld not employ any staff in the current or the preceding year. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Investment Income 52,919 EXPENDITURE ON Charitable activities Charitable expenditure 32,660 Net gains on investments 25,080 Page 8 contlnued...
LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRusr NOTES TO THE FINANCIAL STATEMENTS - contlnued For The Year Ended 31 December 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued Unrestricted fund NET INCOME 45,339 RECONCILIATION OF FUNDS Total funLls brought forward 1,817,945 TOTAL FUNDS CARRIED FORWARD 1,863,284 FIXED ASSET INVEsfMENTS Listed nvestments MARKET VALUE At l January 2025 Revaluations 1, 120,838 144,809) At 31 December 2025 1,076,029 NET BOOK VALUE At 31 December 2025 1,076,029 At 31 Decernber 2024 1,120,838 There were no investment assets outslde the UK. Cost or valuation at 31 December 2025 is represented by.. Listed Investments Valuation in 2020 Valuation in 2021 Valuation in 2022 Valuation in 2023 Valuation in 2024 Valuation in 2025 C05t 93,091 142,066 {133,626) 94,227 25,D80 (44,809) 900,000 1,076,029 Page 9 continued..-
LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2025 INVESTMENT PROPERTY FAIR VALUE At l January 2025 and 31 December 2025 525,000 NET BOOK VALUE At 31 December 2025 525,000 At 31 December 2024 525,000 Fair value at December 2021 is represented by.. Valuation in 1998 Valuation in 2007 Valuation in 2014 Valuation in 2017 Valuation in 2020 Valuation in 2022 Cost 169,960 255,000 35,000 (40,0001 55,000 50,000 40 525,000 The cost represents the origlnal cost of the land on which the property is now situated. There Is no SUPPOrting documentation available to determine the costs incurred when erecting the property. The Trustees obtained a professional valuation of the investment property during the year ended 31 December 2025. The valuation was conducted by Marc Allen Estate Agents and 15 considered to be a fair estimate of the market value. 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors Prepayments 1,053 56 55 1, 109 55 Page 10 contlnued...
LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued For The Year Ended 31 December 2025 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 other creditors 1,296 1,241 12. MOVEMENT IN FUNDS Net movement in funds At 31.12.25 At 1.1.25 Unrestricted funds General fund 1,863,284 (30,0401 1,833,244 TOTAL FUNDS 1,863,284 (30,040) 1,833,244 Net movernent in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 53.698 138,929) (44,809) (30,0401 TOTAL FUNDS 53,698 {38,929) 144,809) 130,040) Comparatlves for movement In funds Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 1,817,945 45,339 1,863,284 TOTAL FUNDS 1,817,945 45,339 1,863,284 Comparative net movement in funds, included In the above are as follows.. Incoming resources Resources expended Gains and losse5 Movement in funds Unrestricted funds General fund 52,919 (32,6601 25,080 45,339 TOTAL FUNDS 52,919 (32,6601 25,080 45,339 Page 11 continued...
LAMBOURN CHURCH OF ENGLAND SCHOOL HOUSE TRUST NOTES TO THE FINANCXAL STATEMENTS- continued For The Year Ended 31 December 2025 12. MOVEMENT IN FUNDS - contlnued A current year 12 months and prior year 12 months comblned positlon Ss as follow5: Net movement in fund5 At 31.12.25 At 1.1.24 Unrestrirted funds General fund 1,817,945 15,299 1,833,244 TOTAL FUNDS 1,817,945 15,299 1,833,244 A current year 12 months and prior year 12 months combined net movement in funds, included In the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unre5tri¢ted funds General fund 106.617 {71,589) (19,729) 15,299 TOTAL FUNDS 106,617 (71,5891 119,729) 15,299 13. RELATED PARTY DISCLOSURES Alison Webster is a Trustee appointed by Excalibur Academies Trust who are responsible for Lamboum Church of England School which receives donations from the Trust. Page 12