. torthe year thmled 31 March 2025 Charfty number. 2865TI Lady Downrfs Charfty Contalts Page and adminlstTative Infom￿tiOn Tntstees Annual Rewrt 2to4 Independent Examinerfs Rewt Recelpts and Payments Account ststement of Assets and Llabllltles Notes to the Receipts abxl Payment Account Lth Down<$ Clwlty Trnstees Mr K H Ardron Mr5J Clouting (Untll January 20281 Iuntll November 2026) E(desl•stkal Parfsh of Upton St Leonards: Mr J Wasunna-smith (Unttl Jur* 2027) MrsDSCox (Until May 2026) Mrs R M 8all . Dr T G Harix)tUe (Untll May 20251 (Until May 2028) Revd Helen Oomplon Mrs K E L Brooks IFrom OctobEr 20211 286577 Upton St Leonards Gloucester GL4 8DX oxamlne¥s Randall & Payne Ilp Chargrove House 9wrdirWn Cheltenham. G￿￿Stershlre GL514GA Uoyds Bank 19 Eastgate Street Gloucester GU INU &12 aarence Street Glourester GLI IDZ Papl Forthe yew ended 31 Ihr¢h 2025 The charity Is nm In accordan￿ with the Scheme of 1982 whlch specified that the body of trustees shall conslst of seven competent persow, belngone ex officlo. four nornlnatlve and two ctroptstlve trustees. Apwlntlng bodles are made aware of the terms of ¢ffice and the duties ofthelr appointees and co-optatlve tritstees (who are similarly infomied of the ab(rye) are selected by Board 45 the need arises. Legal and admlnistratlve Inforrnatlon Is set out on Pa8e l of the Flnandal Ststements. Pages 24 Indude extracts from the 8￿￿￿nIng document, pollcy statements on publichy, 8rant makin& Investments, reser￿5 and accountln& arnlthe Independent ExamSnefs Report. Havlng put kn pla￿ a vettln8 policy for all Trustees ￿eral years ago. thls Is now being applied as rwi Trustees are appointed and eMi%ting Trustees are renewlngtheir tenure. Following feedback from appllcants. a separate appllcatlon fomi vrds deslgned speclficalty for student applicants and uploaded onto the webslte. Thls seems to be working well and feedback ha5 been positlve. Rlsk Managemert Potkv The charity malntslns awareness of Tr Charity Governan￿ Code for Smallertharitles, rewlz1n80bse￿•fi of good risk management by An acknowledgement Of￿ trusteeg respDnslblh￿es Qutlined in the Charlty Commisslon publltation CC3- The Essentlal Tntstee. Maintalniw an over¥iewof the rtsk idèntification proces& Q)nfirn)ation that major risks Identlfied have been a￿esSed and wlll conttnue to be reviewed. The dwrity has ift pla￿, and will keep under revtew. policies for the retentlon and safe destructlon of all Infomiation (indudlng personal data) whlch It holds in paper and elertronic fomi. The charivs retention polt(y shall confirni the Per￿)d forwhith infomiatk)n lirKludln8 personal data) shall be retsined. The thaiivs objectlves are primarily to provide grantaid to residents of the parish of Upton St Leonard5 may find themseEvos Fn o)ndltions of need. hardship OT distress, to provlde special benefits for Upton St Leorjards Church of EngFand Primary School, and secondafily to provlde benefitsto other schoo15 attended try chlldren resldent within the parish: to provide flnancial assistan￿ to advan￿ the education of such ch￿1 en under the 38e of 25, and to provide assi5tante toothercharltsble orKdnis3tions within the parislL The trustees of the tharity seek to complywith the temis and the spirit of theTrust Deed. In this connection current concepts of need and hardship teKMI to be more liberal than those applicable when the l)eed was created and the trustees take thls Into account whllst also havlng regard to advtce glven fr￿7 tlme to tln by the Charity Commission In reaching decisions. The adminlstration of the Charity, includir4 a degree of financial management. calts fo¥ signiftcant sklll and effijrt and It is the policy ofthe to payan approprfate fee to its aerkto ensure that the Mvrk Is L7ffled out efflcietrtfy. The trustees have referred to d Charity commission'sguidan￿ on the preparntion of the financial statements and confirni that they ha¥e complfed with their duty in Section 4 of the Charities Art 2011 to have due regard to pubfic benefit guldan published by the Charbty Commlssion for England & Wale& Rellef of p(werty and access to educatlonal awards are avallable to all Irres￿ of age, ethnicity, sexual orlentatitsn or religion but are subject to geo8raphical requlrements as Stated In the thartys governing document. Dur]n8the past year, the Trust dell¥ered aIn￿St £40XKN) in 24 award5. a slgftifKant Increase fr(ffn the previous year {£27000 in 15 awards in the pre¥lous year). The Trust was pleased to grant £10￿) to USL Prlmary Sthool as well as £5(KK> to Coopers Edge Sc1K￿l to help fund thelryr 6 residential trip to London. Pw3 Lady Downrf5 TritsteesAnnuJl Report 1¢ont5m￿dl Fortheyear ended 31 Marth 2025 In addition. £5,1(K) was gl¥en.to JAmes HopklnsTru#to asslst wlth the costs of supporting 2 chlldTen from the vlllage. £1870 was glveTh to hardshlp req￿$t$, £15LKI wenttothe vlllage Brownie packs to help with the costs of theIr￿lsu$ and craft equipmenL £16500 went to students and £750 to the village show. The Tntstees are grateful to Kelth Ardron for supeThising and managlngThe Trusts investments. Grants Polky The trustees s*kto d15trllNJte a5 neath as can be achleved the available annual Income,. thls. of course, belng dependent on the number andtype ot appllcatlons made. They (k> not Intend, In any foreseeable sittsation. ¢0 disttllmrte any part of the capltal fund. Grants are after a detslled examlnation of each applicanvs l￿d$ and resource5, but a de￿ee of unifomilty ar￿ consSstenLV Is ?pplled where there are common features. Where appropriate, intsr¥tews are held w pastoral vlslts made bythe tTUStees. Strkt conftdentiality Is malntained and finandal reports are In a forni w￿ch does not breach thls rule. We alè alw￿ cmsclousof the need to make the publsc withi'n our area awa￿ of ourobJectNe> In addititin to contsrtsng medlcal, profe55ional and vtllap or84ni5ations, we use the press and have our ovm webslte www.lad downe.or through whkh appllcatlons cap be made. From time to time. we dlstribute a leaflet oud5nlng the awards we can make to house1￿Id$ in our area and we have ptsred artidesabout the Trust In USL Ufe magazine. Con5crous olthe need to engage with potential students and people outslde the catchment area for USL Ufe magazine. we placed an adwertlsementon the vlllage CommunEty Facebook page a5 well as those of nel8hlx)urlng resldentlal areas covered by the Trust. Th15 proved extr￿ successful and led to a slgThifKant uptske arnongst thE un(kr8faduates kn the parish. In 8eneTrl temJ% our xheme requires us to help reslde¥ who are in hardshlp or need in an appropriate way and iys here where It can be difficult to make putentlal redpients aware ofthe help we may be able to th and we often have to rely on frlends who can encourage people to apply. Asecond malor rewNTrment of the scheme is to supportthe vlllB8e and others In the area wlth ItenLS not nomialty provided by the Local Ed￿ation Authorlty. We can gfve grants to yrrtmg people under the age of 2S to help thelr education and tralnlng with wmputer equlpmenL I￿kS and travel. In additton. have the Lady t)owne Award which can be up to £3,(W for spe(ifK edu(atlonal proiects for young people. Flnally. we can help chayltable organisatlons In the parish that have oblectlves relevant to our stheme. It should bÈ noted that our rules spetsfy appllcants must cutTently live In our area, or have ltved within our area in the past fr&r at least 10 years, before becoming eliglble for an awar(L ITr this context the area Is defined as the parlsh of Upton St LeoTrard5 as it existed in 1966 which indude5 Parts of Abbeydale. Abbeymead and Coopers Edge: qualifylng streets are listed on owwebsite. Income from Investments has been steady durlng much of the year but dropped towards the end of the peii¢)d in line wlth flnandal rnarkets 8enerally, as a result of global economk issues. Investment income for 2025 was £ 31ffi00,12024- £30,739) and total payment5 were £ 44￿, {2024- £30.498). The value of the ￿)rtfolIO has decreased by £ $2,674, {2024- Inuease of £92￿06) decreasi￿ the enth)vfftent fvnd to £ 1,03@554, (2024- £1087.015} andthe unreStrIrt￿ fund to £ 53.739, 12024-£55,9521. Tovdrds the end of 2017 the Trustees most of Its portfollo tothe Charities Olfidal Investment Fund rnanaged by cc￿ ￿Ulting in a small loss both in capitsl value and In income at the time, which ￿cked up subsequently. The twin aims of the Trustees are to ntslntsln and if ￿sSIble, enhance the capltal value of the Trust FUNI. whilst athievln& as far as is possible, an irwsed Ilow of Income generated by the portfolio. at least in Ilne with Inflatlon over the longer term Idefined as over 10 years). The Trustees are aware of the relaxation of former restrictions on the use of endowment ￿pItal but WIU seek to maintsin these funds at a sufficient level to generate enough income to fund the Charitys obSective5. lady IYty•m¥sawrAv Tnstees AThxwl Rewt (contlnued) For the yw ernled 31 Marth 21ll5 The Endowment FurKI now stands at£L036554, owlngto Eood manaBement of the Invert￿nt portfollo. It Is the intentlon of the trustw to retain 8 malor part of these reserves in orderto malntsin Income levels, Ixrt they are aware of the Total Return PofKy under which they COU￿ If necessary, better irtlltse the Income and from some of tkns endowmenL A significant sum,£53,T39 cash fund5, has atso accrued to the unrestricted fund; the Tru#ees wish to re￿n a wor*lng balan￿ of approxlmatety thls size In order to CO￿ at least one yearfs totsl wants and expenditure. The avamablllty ofgrants Is publklsed by regular arrfl tsrgeted advertlslng withln the area covered tythe charfty and through contactswlth a wlde range of local organtsatlons whl¢h inv(Ave almost every fa￿ of commuimty life. but it remains difftult to find indivi(ti￿¥ within the area who would be eligible for the beneffts on offer. New bulldinE on a large scale wlthln the parlsh. Indydlng a new Sd￿1. Iws resulted In ￿l¢allonS from ￿lat￿th new resldentsthere as well a5 fnxn the sthool itself. In addition. plannlng consent has been gtanted for the buildir¥of a new xhool within the parlsh that wlll cater for chlldren wth a ¥arlety ot sperial educatlonal needs. atth0￿ it Is expected that most of these thildren will resfde outslde of the parlsh boundarfes. The trustees wlll CA)ntinue to appty the wtrKlples as outtsned alKJve in meetlt¥ the ctwlleTr8es that may be befo￿ them. The tfustees are responsible for keeplry woper acC￿th recordswhlch dlsdose with reasonable &curacy at any time the flnancial position olthe chath aF￿ to enable them to ensuyethatthe fijwicial statements tomptywlth the Charitles Att 201L They2￿ also responsible for safeguarding the assets of the charfty and hen￿ for taklng reasonable steps fortr* preventSon ar￿ detectlon of fraud and ¢>theriThe8ukrltk& The Tiustees recommend that Randall & Payne LLP remaln In Offi￿ uhtil the next Annual General Meetlt Th15 report was approv￿ by the Tr￿tee5 on.JILLI.2ts_ - and signed on thelr behalf by DrT. G. Harbottle Chalrm3n K H Ardron Tn45tee Ifide￿ndent E￿ni￿S Report to the Tntstees of Lady Downds Charlty I re￿)rt to the charity trustees on my examinatlon of the accounts of the charity for the year ended 31 March 2025 which a￿ set out on page5 6 to 8. Respthis1￿1It1eS and basts of re As the charitrfs trustee5 you are responsible for the p￿ParatIon of the accounts in attordance with the requirements of the Charities Act 2011 ('the ACY). I report in respect of my examination of the charivs accounts carTied out under section 145 of the Art and in carrying out my examination I have followed all the appfKable Oirertions ￿'ven by the Charity Commission under section 14515llb) of the Act. Independert examlnees statement I have completed my examination. I confimi that no material matters have come to my attention connection with the examination giving me cause to believe that in any matertal iespect: accounting records were not kept in respect of the tharity as required by section 130 of the Act: or 2. the accounts do not accord with tlM)se record5 I have no concerns and ha¥e come acr055 no other matters in cOn￿CtIon with the examination to whFch attention should be drawn inthis report in orderto enabfe a proper understandingof the accounts to be reached. L_, £ /_ LLf Ryaft Moore CA For and behalf of Randall & Payne LLP Chartered Accountsnts & Independent Examiners Chargfove House Shufdington Road Cheltenham GL514GA 3rd Decern6er 2025 Recewsand Payments knnt 2025 Investmerrt income 31,634 30.739 Total Rtteipts 30.739 Grantto Upton St Leonards Church of England Prlmary Scl Othergrants aerys fee Annual offlce allowan￿ and expenses Postage. stationeryar￿l admln costs Webslte costs Tntstees Indemnlty Inswance ioA 29.760 16,745 IA02 223 173 examination fees Told Payments 30A99 240 Bank and cash balaft￿ at 31 March 202412023 3L138 31,879 Forthe yw •Kl•d 31 Mw¢h 2025 Curfent accwnt 31.879 31,879 2024 2025 2024 UK equftk5 COIF Charity Funds 17Jl 17,671 38,281 51739 55352 2024 UK equltles COIF Charlty Fund5 9.716 9.959 1.077,056 I,087￿15 2024 Webslte costs ITJ 173 953 25 The above Recelpts and Payments Ac£ount V￿5 approved ty the tntsson Lli.. --- behaW by DrT Harbottle ChalrnHn K H Ardron Trustee lady Dawrf$ aMrfty Notestolhe Retelpts and Paymerts Attount Forthe ￿ ended 31 March 2025 2024 Student award Student 8rants (books and Èquipment}- 15 cases (2024- 6) HardshIp/dlsabl￿ty grants- 3 cases (2024- 2) Upton St Leonard's Brownies Upton St Leonar(fs Chlldrens Football Teams-fundlngfor new equipment Upton St Leonard's Show Children's Classes (inchjdes 2024 payment) James Hopkins Trust Abbeydale Communlty As%>clatlon- new noticeboard Coopers Edge 5d￿1-Year 6 Resklential Tf¥> IL750 1517 L537 578 16245 No remuneratit)n or expen￿ was paid orwas dueto be pald to anytr¥tstse duringthe year.