RE(48TERED CHARITY NUMBER: 8276S4 ortottho Unaudlled Flna ducatlonal Foundatlon Wrighl Vigar Limthd c￿rtOr0d A¢¢wnlgnts 8 Bu81￿88 Advt¥•r* 15 N￿￿E1 Lincdri ncdnshiT• LN1 1XG kè Au ust2026 g• Report olthe Tru¥tee IniWnd•nt Eyamln•r¥ R•w* statement of FlnanGlal Actfvitles 8alaTrc• 8lw•t otss toth• Flnan¢l81 Statements 10 b 14 15 L••kn Ed rt of the Trustee5 Enrled 31 A us Th• trust••s present th•r r8POrt ￿ tha fina￿￿￿ statem&nts of the charity for Ihtr y¢ar ended 31 ALVUSt 2025. The tr￿19*5 havo adoptgd the FXDVf6i￿$ of AG¢ouniThJ R*pL￿1Va by Charit￿8.. Statorrwjnt of R•¢omm•nd&4 Pra¢be• applicalle to thattti8s prapa?Mw lh￿r acr¥)uTrts iTh aGcordarm V￿th th• FFMno41 Rewting Standxd awicabb in the UK and R•public of IreLqTrS IFRS 10211gffadive 1 Jsnuary 20191. 08JECTIVES AND ACTAIITES Alms and ObJectl¥es The Fo(fftdatiDn 888ks to promot• lh• A¢ad•mi4 t•d)n1￿1, S￿141, morAI and phyBical •JuGBtron of yOLmg poople in Lincoln. q. Th• S¢homo P￿￿d08 S)r paymant of9rants for ￿￿¢8￿9￿81 b￿effit toth¢ Pro)rigt¢rs of 8ny iTrJ•p8nd?nt Dke<* Grant. Sd70d in th City of Llnr*)In. the of •M lègdvy charitabkg, In whith r•liolous 118tN¢tion r4 own in a¢eDrdance the tloctrt￿s of the Churth of Engknd and whT¢h prowdo fol the dijtotion cl a suffiGMt numbor of puptls.. also b) the Govomors or MAt)agws of any Voluntary Aided or SperA81 Agreernerbt SthDoI the Cty of Lincdn in iGh relI￿oU$ Instruction is gNen in acrA)rdAn¢e with docIn"r￿ of the Church of ETraland, pun)08& of •nolAing the G0￿mOr8 ¢x Manag•r8 to ¢crfnply with Ihwr oblytitTh und•r th• Educats'on Acts 1944 to 1￿7 and tho Regul8tion8 made thereurthT. Th? recogn&& thAt mLth of the fir#1 critorth l& no iowef appli04bl8, but tho governing d¢¢umont (k)es mt contain pow*s to am8nd tho sch•Th and to wite sthamo 18 prohibitivdy •ypensi¥e. 2. Tha S¢hemo 8180 Prokn for pwn•nt of gfaThts lor tho b￿fil of chl(ken and w)0 ago CO ts¥gnty-five years ¢Y par￿ts, ar¢ re8id8nt in thè Cty of LI￿￿n arKJ vtho. In the opiThon of th• Trust•M, in need ol finanowl as&stsnca for the follo￿n0 wrpos•$'. . Exlibthis, Gr¥nts OT Mainte￿r￿• Ak)wanc*s, ton0￿¢ 01 any 8acC￿d9ry schcd. traniw 6)r t•achars, univtrslty ly other in8titutsM of lurfh¢f linduding rrfofewonol aTrJ technicall eduG4tvx. approved by the Tru5teBs, to awarcknd under ￿￿•$ to b& m&d& by Ihe TruJte88. induding ru105 a$ tr) the valug and pork?d of t•nun ef exhitrition, •nd th• and m•thod of •scw￿lIn*rtl •nd sglgdw of fAftdK￿. - Financ￿$ a8sistarbC8, Outfits. dothing. tools. instruments or bx*s lo help bènaficiaries lea￿Thg sehod, a or anyother edu¢at￿nsI estsbli8hrnent, to prepare for ar prof888ion, trado or¢alling. - H•1v￿ #nd educ*tir¥a bonefto81i08 thvough Ih*"r ￿"s￿r* tyma acbVi￿5 w as to d•vdop thair ph￿1¢81, m•rtal, moral and 8writual capacities Ihat they may grow to full as i¢TraNiduj￿ and wr￿be￿ of *iioty sr¥J that ￿'r condttionB al1rf8 may be IMP￿¥0k1. . 0th8Th*i80 promoting the ethcation of bDftefi￿*l#$. Page 1 L•eke o11h•Tr￿le*5 rthe Year Ended 31 A U5t 2026 81gnlll6ant acllvltles The Trust rthAGts crty sttondary sdmls and i￿titutiC￿8 of Furth8r arKI High8r EduCatiC￿ and o)mmunity •thcai*)n centres annually in order to rnako staff and sbjdents aware of the grants and actively encourag05 thts staff of thoBe inSbtUt￿ to ACta8 trLts18es oltha tharity. CUrren￿Y lh¢￿ are main doadllnos on wonts aC•#em￿ yew 80 Ih#t applicati￿$ can be wi¥idered at th¢ 8am8 timo. Awards can then be n7adè in iho ffijll thty•Aedg& of t￿>88 in the gre8t85t neèd ovèr th# year, ralher than deti$lo￿ being made 09 8pplicat%)n$ come in. ￿)plIcationS 8ubnNtt*d after tN• deo¢*iM are ¢￿S1o￿llY COn￿d￿rad ind}v¢du81￿ i1j￿Jg•￿ to bo aFpropriale. The ￿teria for the d￿lrib￿tsn ofgrants is now *Yll ￿tab$IShed arKI considerod ft trpLTrJS•. Thè aWicath)n 4nd #swuated document8 are updaled annually, ¥Kth parbcular att8ntion being paid to the 8p￿rGaI0￿ critsria. The ¢uffent pnyceduro 4wgrrl$ to b& rathfied by th• full commmee folkn¥ing a sUb-￿MM￿O? meetin9 vknich extends th• tim• bdor• appli¢anl8 8T0 inlornwd ofthe oulccm• Trujteas 8T• ￿aTrimouS thal lh* board ￿ a wl8dive responBbbility to mak• the ffinal derA&on, thus rotaining gvor&ght of th• budgot. qugsb'oning deci*on6 and mAktng recommandatbons. Appl1ratio￿ forgrants fromthè fund arè l￿wa￿CePt¥j &xctUSN8ty by 8mail. Folkn*ArvJ th8 introknth?n ofthe p8yrr*nt ol bursari•s by BACS in 2017-%18. all rgapionts Pa￿ by thi$ mgthod. An 11 pint 8(410 of 4¥•8Tds Gu￿￿￿Y fdW•S from £160 to £580 wr t•rm. Th• t•m)ty amounts deternwned each yèar take Into account t￿ annu41 incomo OY the Loeka Educat￿n￿ Foundathcn and tr￿8 are rniTrJf￿ ofth8 P¥)tonti81 for gn inr*•ase in 8pplicoti¢ns to Tesult in an incr9469 in fjypeni*tu￿. Thg T8mily figure 15 d•lermI￿ in S8plemb8rfor th* lorthtomir¥J acadomic yo8r1o.g. September 2024 for Academic ￿Hr 202¥251. Th• Is a￿dad mo$ o year for the duration of th8 course baing studied and it is anticipated Ihat. once a gr4rrt •m￿nI has bÈen detgnnsnod. the grant *ill not red14￿. Fbwever. rer4pi?nt5 ￿ Infr)rm￿ that Èhe amtyjnt va 8ubj8Ct to appropiia cer•8s b•ing madè, lh￿r finan￿1 rirr4Jmstarrns r•￿inIng th• s•m¢ and th• Chority h•wThJ suffic40nt Th ant may i￿real6 subi￿tIO avwloblèfvTrts. N¢wapplicwts. oath acadamic year, rnay re￿1¥9 le￿ p•rpokntthan tr previous year. Qrants lor ewnt8 rarvJ8 frnm £31XI- £460 UEtffia SP￿led to eaGh awlicatk)n. AnmK?$ ar• wllh OD a case by case b85i8, wrLh th8 aMo￿t aWa￿ed at th? dlfjcredon olfv w#nt8' ccrnm￿ta8. kn eyArn￿o m8y b ¢ontribution to one-off pas8PQrt ev￿08, expon505 01c. To 8c¢crfnmcrflato the incr•asThJ of aw]1NtVb￿ rt i4 n8cts8¥Y to kéep the foThs and Gliteria undor ¢¢nthnt low. Th• numb•T ofsixth fowm 8ttMlents applw.ng br pnts ￿ Mtent ￿*r$ hAs incfeased mark•rlly. to oround 50% of aw>l¢r•tion5. The trustèps felt that thes• st￿ents needed to ￿ l¥JnSK1ered on 4 &iff8r•nt tra￿$ to othor ￿delts are at universty, wcfk or on apprenbctrship6 and de¢ld¥d to introdw 0 ngw point cn tho scale of awHrd5. 0. to olk>w for Sixth Forn) $lud8nls to be paid at a bast rate1£16D pw1erm in 2024-251. Avplic•t1or￿ $h)wng a naèd were stlll considered on the m&in scale of awards. Publlc b•n￿tt Tho trustees havo recognised Ihe fKod to art IDT thè Publ￿ b8n&fit. *ithin tho eomtrairts of the fund and tAkirwJ into 8¢￿Unt guid8nc& i88uéd by t￿ Charity Commigwon. Grantmaklny The tn￿leas, fyJrr8nt poFcy is lo piityiY* grAnts to indivhlual In need. Agraed that 8chool8 m4y apply for lurth as thay 888 fit. Trustoes h&¥# defined financml need a5 stwjonls from familie# on I(￿ inGDme. Mini￿rn wago, stat• benoffts, with 4 8irvJle parant or kwng indorxndEnlty. The oitwia for awwdin9 grants arè revwed and updated anTwally. Whero appbcanty oro applywig for fjnancHI as8i8tanc• o kK0￿MMe or penr¥J of study. exBmpl&s of cb3teria 0)ns￿or8d are ￿0￿.$ pdiklgs Icomplaints. Dats Protection, Financ¥81 and Sal8guardiThJl ￿re revi•wod in Nlay 2024. It wa d8rAded that tha p￿ICY on finan¢lal docum•nts n••d•d to ba rowev￿d and a p)IKy ￿V￿1r￿ GDPR wa neod•d. A new Dmla Protèction pdicy was ￿￿tten and actsptsd kn January 2025. Th• blén¢• ol thè sxiliie• ww• ¢¢mgd to be still frtSor purpose. Afrjrther re￿￿￿ of all th8 policigs will tsk8 in VAY 2026. In Voy 2025 the FoufKlati¢n ¢omm8Mcrf8t8d 100 years 8inc• th• dèath of Canon Leek¢ vAth an E￿n￿Ort9 s•rvlc• tn th• ¢athodral fol1w￿ by r￿r•S￿M*nts. Cur¥ont &nd pa￿ TNat￿l ètt•nd•d and tha prcgrarnm• IDr lh• *￿¢* ¢ont•irod ¢ommonlsfrom grant r•¢ip*nts abwt tho F￿￿ndatiOn'S wants had helped tholr adu¢atbn. Ona trusteo. ￿tIr Mullins, ha$ $t4rt8d lo examino the c4d paper ro¢￿d$ of the Foundation, a view to pr88erving lho￿ rd*ied lo if8 hi•tory. 0$ as ￿knting itwns lor ¢l$po801 in a￿e{dar￿ *7th Iho re￿8•d D•t• PTobGtron Pdiw. FINANCIAL REVIEW Prfn¢lpal lundlng soureès Tho FoLMd#t(¢n's inwn• cam88 from rent T￿Oi¥•d C￿ prop•ty intrnt on Sa￿r￿ 4nd in¥o8tmant8. Th05• •8￿ts are, ryara dorived frryn. the wwnal fwnd4￿Qn cltho dMrity4nd 8ndwn8nt tund. Th• Foundalion doo8 not actively fvndr4ig• but fo¢uw• on protoclino And *r*Anung thè wrrfk d•$w•d by Canon Leeke through 9gVgmaTTh ofits •￿$t[r￿ re60ur¢8$. Pago 3 ona ort oftheTrustees ust 202S FINANCIAL REViEW Inv•gkn•nt polkyand t)bJ*Cu￿$ It is the tru8t8es' pdicyto maintatn rts irKomefrorn propeity and inve8trnerts. whilst saf•uuarding F￿ndation fvThJs farfuture dis1nt￿ticfi. N•t inwme ts to be fftlai¢wd for gr8nt8 to stththnts. Previtiusty, tt)e diwidaTrJ on th• CBF Chureh ol England inves¢m•nl f￿d wa8 to b8 UBed for ary n>>ni•$ 4wa¥d•d,' however. during 202ts21 And 2021-22 trustees Agreed to relain th15 rrrf)ney for t>uildlnq MaInte￿nce. Thse amounts tron8feffed inb the CBF depositlund, tha balanc• ¢J) r8presenlB the ngw designated fund for prop8ty mant8nanc•. In 202*25 th mArk•t vthlua of inve8lrnent• ￿ th CBF Chur¢h ol Engtsrrtl Inv•ÈtrMent Fund d•cna¥•d by U.982 10 £286,023, a decr•a$¥ of 3.04%. Thetf(*a8 Cth8id8T in tho IvJht ofthe current dimAte Ih8s8 invesknènts ay• still perfomiing in a 8olsfactory manner. The propaty w88 V8Jued ts acGwnting purpts￿ on 31 August 2024 at £825,000 by Mr P 8•nks of Eddiaons. This 18 ¢on$id•r•d to b¢ 8fk appropriot• Currgnl volualK•Tr of Ihg prop•rty by th• trtots88. The PTcpwty on *fiioh ￿￿tal inc¢m• 18 ro¢alv8d is a Gradtr 11 listsd building ￿t￿n a ccnswvation ar88 wilh the oltginal part dalng from Ih• s•v•nt••nth Century. The t•Mnts respon5it4• for gonor￿ maintonance, ond the Leak8 F￿ndatIOn Lg re¥p)nGiLq• lor lorYJ stsndinB structural r8pwr5. Insuranc• fortho tuiklino 18 FIOVkt8d by thetenant, on èy2minatsc￿ during 2024-25 was •gr••d ts bo moro than •uffid•nt. Th• In•uran￿ li thKkfjd y8ady bHg$. The romedial w(**s to Ihe of the building unthrtaken in 2022-23 a8 2 I￿nt ?x8rciBti befvM•n th& Trust¢e$ ond ¢uNont tsnanc LI￿￿n CdleuB Gr¢up, has brought the builth'ng up to 4 good standArd. both in t8rrn5 of haltlrvJ dotsrfor*tion oftho f*bric olthg builtwnll, •spg¢i•lty by ingress cfwattrr. and M&￿n9 thg whdo buildiThJ Iwk much morn pr88•ntabkn. T*• Tr￿1¢￿$ Ihe irnprovements m¥J? a wn8idarabl8 poslive dMw*nce to awea of ChrisV$ Flogpital Terrar• In tho ts"8tOriG partof LiFLcdn. Tha Mtmor#ndum of R8Tht Reviow was svJn•d in May 21r20. a9rwng that the rent or* Chri8f8 Hospital T*￿¢8 b• rn¢¥•asod to £55.OfKJ b8d(dated to 1 October 2018. The 4rring of th• r•wr8icrfHry 18858 pl8e• in AUg￿t 2020. Ihè dalay b￿n9 partly due to the 811uation with Covid 19. The Start d*t8 of th6 renffival wa6 1 O¢tc*w 2023. and tnd date 30 Sapt&mber 2033. Thè firstfiye years ¢f ront is Bot at £KI,CrfJO. DurirvJ Ihè th8t￿s￿n￿ around the lo￿ ranewal it was di6cover•d that a strt) of land Ac¢w6 to th8 car park at the proportywas th*7)ed by th• UTYV¢Tsify of tinculn. This w&$ d￿Mfjd to ￿ an oversYJht vhn the roathmy to th car park was eonstrucled many year6 ago, folknwj by tho sa•of thD adj8oent woporty bythe unY¥Bf5ity. NogOiali￿ for Ihtr purchase of this gtTTrP, dround 70 8quar• metsr5, Ihe unNersity have conlinu•d but limitsd r8spoTts8 from tho universty. It was agreed that1￿ IN6tees and the Dic¢esan Tnjst aTrJ 8oard of Financ? ILDT8FI Limited each rThitribute 50% tm c08t of a valuation grthi$ ¥trp and L•m￿rtSm￿h Harnpton ww• ddy •pwnl•J. Thwr Y8lual*)n wa8 £5.01)O, and th& univef8ity ha¥8 offered th¢ lond to tha tr￿1•8$ fei Ilws amount, but wth covenant5 up¢)n it. Peter Banks, of Edd￿n$ thsed against wtin9 thes¥ ¢ov8nant8 and dis￿$$1¢?￿8 continue. further COrn￿1catth arises in that The Linrxiln Dhx85an Trust and Board of FirYanc# ILDTBFI Limitsd is narnod 46 tho Iwl prw•t¢r ofth& PTOPOrty #nd acts 0$ • custodian trustee. tt was to ask LDTBF Ltd lo tran8f8Tth8 yoperty to th• Tw)t8eJ ￿ that it. tcylhor wlh tho slry of18nd, can bo tom￿ntry as on• pfcperty under proWor8hip The Leekp Ftyjndatkm. Full acc￿$ riohts would be granted to the LDTBF Ltd. kn •nal￿t them to re￿ and r•p8ir th• adia¢ent Eoward Kilg Hou$e, vthith they0c￿py. unfort￿at0￿ LirKoh Ur4V8rsty were not pr*pared tQ 88111he Strlp of wlthout Testri¢￿￿ COVer￿ty and so thB proposed pur¢hAse will not now take placè. Furlh8r di8cu8sKins about trAnsferrTrng the Lwership of the buildwill from LDTBF tolhèTru8te•s ￿11 tske pl•c8 duriryJ 2025126. Pgge 4 l Foun ofthe Tr￿lE Year Ended J1 Au 025 FIMPJICIAL REVIEW R•gerv•s pollcy The tru5tee5 aim to unr•sln"d•J rgserv8s $ufficwntto ho[￿[r all commrfrn8nts to pay grants in fvluo. As thos commitmants arè recogni￿1 in tha ffinancial statemants, thk8 MeaT￿ th8t unre8tricttd reseNe$ 8h¢uld be grnatsr Ihan £nil. &ncè the ￿MmitMentS rwnis•d Gover 80me wlll nol h until tlw nox1 finarKd year. thi5 IEads to bull¢J￿P gf ¢8?h held 8P8rt from endtswThant imi?$tmonts. Prevv￿g y¢ar8 i￿lUded ¢Lvnmitrn8nts for up to three t* four y8ars, bul Iha Iru3tees toJk the d•dsi¢M to only ￿MMitt• long-tomi Ètudenls for one finawal yearwthilst declarirwJ 1h8 8XP•G*ation that they woukl be able lo Contin￿ to 8UPPOrt the student for the durath¢m of GLtsJéct to &ppr¢priate progr888 being made, Iheir f￿anCIal r4rcumstsnreB f¥mainiAg tho sam& and the charity having $uffiGi•nt fvnds. A5 noted 8bove. th8 trustae8 deuded to d89iwate ts)t￿ hold in th• C8F d•po￿l fund foT M￿ntenanCe of the prwty. This fund fomB part ol unr•strl¢tsd r•s•N•S. At Iha y•ar •nd, the charfty Iwd ra88￿$ d £W2.285 Ir￿UdIng 4 dwnèted fvnd trf 04,83212024.. £84.oeA d•slgnated fund £83,97018ndol￿￿ent fuTrSs of £t.111,023 12024: £1,119.9851 and gorkryral lunds of Iwati¥o £2.547 12024.. p)5itive £941. Th• Trust805 are aware ¢went ol grants pay0￿8 Wil regu￿ in 8 n•Jath"vtr b*hnc& In gweral fund& Tt ill athlress th$ in 2025126 by reductng the prcp8rty rnawrt•nane4 lund to restore thficil. STRUCTURE. GOVERNANCE AND hlANAGEMENT Gov•Tntng document The goveming document of the (knarity is a Sch￿ mod• by Ihè S8• of Stato kn EdU￿￿tr￿ and Swnca uThYar S.18 ch￿1￿88 Act 1960 datsd 28 July 1967. Re¢NMmènt and appolntmtht of newtrustses Th8 body of Tru•tso9 ¢on•iJt of 11 per￿* althou￿ haw 12 pernons to •n•uM Smooth w¢¢e88ion of I[￿te&s. THREE RepreBentativo TrLth#s to bg OP￿Inted.. Onè by lh• 81¥hop of Ona by thè Daan and Chaptorol Llnooh Cathedr21 On8 byth8 Lin¢oln DIOC8￿ Board ol EduGa*on ArKI EIGHT {NINE currentty in pla¢¥) 0th8r TIu8t￿5 to be apwnlad by rpÉolubon of tho Twst••s IOT the timo baing olfica, at least of thom $hJuld. whwo p05*ble, Gmtributa to the work of pastornl caR in tha local comMUr￿ty. Repre88ntative Trusteos $ho11 be appo+nt•d k)r a pemd of 5 years. r8newabb a¢¢ording to the norn￿1 of tho appoin1irvJ bocly. Organlsatlr>nal struclu Th• fvll W of truste95 a minimum of Ihrea tim&s a yew. Day-to4ay aGlwths ara Co￿rdInat#d by iho Cleth and by • $ub-eomthrtt•• appoinbd by th& truste95 from th•ir nyrnbar. Tho sub-wmmiitsè has cléar d•l•llation of ra8PLYTr￿￿1llty fr1rd￿￿10n maknng th te9ar¢J totb? alocation ofwants to thnts and meet 8 minimum oftsic8 a year. A fjnal applKats"on dat• is set for the start of Ihe a¢xdemic year. h￿th a Iwth•r ¢pporbJnity 8ffoTdetJ to thosè 8trarbThJ coums In January. The indusion of$pxik application dates anabJ8s irtyov•d manag¢ment offuTrds. Rlsk maDagem¢ht Tho tru$ts&s havo 8xamw)od mAior strategic, busin￿ and eperaiK¢nal rDksthi¢lTr Chawly f#os &nd that systams aro in pl￿ to enabl& Tegular r•ports to b8 produced 50 that r￿Cessary steps ¢an b¢ tsken to Teduca thwe rish. Thoy ore partilthrfy of tho vulnbrabity of many of th& Found4tsm* ¢I￿nts and havg * poky on th8 Saf•3uaNlinB of vul￿ra￿a 8•rthArie$. Adthtionally. the ry)mmitte8 is awRr• of thèir k*gal oblvJat*)n to TW ony s•riou$ in￿dentS to th¢ Charity Commisson. from the Inforrnatton c￿￿miS￿n0￿S orri¢* c*) Data Prcrt0ct￿n are ftsllowed with apprcwriab confidantiaity proto¢d b?ing ad￿r0d t* wilh MgaKI to $8nsitlv• inf￿alIC￿. Of th8 sybv8, perstsnal data. as $p8ufi8d in the protectiw act, ¢)M rthvwttothe L8eka EdLution•l FouTKlation IB physGdlmoMal h•ahh. The thta protsction pdicy was and arnended in to 1he ODPR cam8 into effect in May 2018. Trust•os take o)gnisanc8 of the Qhanty CommissKn'8 Compl18p￿ To)lknt is u$¢d to èvaluate tha charivs porf0m)0n￿ against leg8¢ rpqutram8nts aTrJ practKe reCOm￿￿datIon&. Con￿deration is glv•n lo managing thts kisk$ of financial ¢rim6 and a￿$•. purGhB50 and paymènts", p•ym&nt by ch•qu8 protrtol payrnent of 8xpar￿•S arKI reMbur￿Me￿t. REFERENCE AND ADMthIISTRATIVE DEfhJLS R•glst•r•d Chthty 527854 Paps on81 F e TnMtees Year Ended 31 A us p￿￿1PaI *dthess Sh*￿n Edgar Leeke Educational FouThJation 21 Station Ro*J, TimbortqTrJ Lincoln LN4 3SA M8 J Amokl Mr M MaF¥l Mr S Rudman Mrs H Cadousn Mts J Jones r C Ra￿￿4( Mr M Edgar Mr M Snao Mrn R L Kntrthes Canth P Mullir Mr P Br￿tst Prnvlous of ¢h¥lty The tharity was wav￿U5￿ legkp CIArrch and Eth¢•ttu)al Foundolion.. IndependentExamln•r PAul Colcomb FCCA Wright VvJ8r ￿'Mi￿d Chorterthd keiJun12llts & BusknwsG A04￿•1• 15 No￿nd Lin¢dn LNI 1XG AFprov•d by onlJrofth• knrd ofInth￿ort 1 08￿mbIr202S and 8ignad on ts beha￿ty. ar- Tn￿te0 Page 6 Examlnef$ Re rtto the TTU Leek• Educational Foundati Indty•nd•nt •xamln•f$ rnport to th* trusteeg ol L¢•ke Educatlonal Foundatl¢)n I r8POrt to Ihe charity trust￿5 on rny •xanNnatMin of tho aoxunts of L•ek• Edue4li)nal FO￿dakn Ilhe TnMtI for the ygar ended 31 August2025. ResponsI￿lI1(eS and basls of report AS the thaT*ty trust888 of th8 Tn￿1 you are responsible for th• pr•watknn of th• *¢¢¢unts in oc¢othe• vith tho rnquir8m8nts of the ChBrib88 Act 20111￿6 AGr). I r8pth in raspact of my examination ofth8 TrusV8 a(￿unts carried out und•r S•ctton 145 ofth• A¢t in ¢¥tyny out my ex*nknats"on I follo￿d all aFplieabla Direction$ 9iven by Iho Charity Ccfflmi￿b]n under SBclon 145(SMb) of th• Act. Inthpendent ex•rnlDeV¥ sl*ment I havè Comp￿1&d my examination. I confinn th8t no matori91 mattows havo comè to my att•ntAon in e*Thn•eknon th •xAminatnn giving m8 caus• to ￿110¥8 Ihat in any makngl msport.. 8crounting rec￿d5 nat kept in rèsppct ollhe Tmst as req￿red by Section 180 ofth8 Act.. or do not a￿d with thrAo rocords., or th• ocoounts do Mt eomply with tha aP￿1¢•bI• r•qirirgm¢nts ¢￿¢9m1n￿ the fcfm and ¢¢nt•nt of *oc￿ni• 8•t out in the Chariti8s lAC¢￿￿ts 4nd R•portsl Rogul4llons 2006 ¢th¢r than any r8qusrem8ntfh8t the al%￿nts glve tnJo and f85r thi(* ￿ not a malter¢w*deT8d as p3rt of an iTrJep8ndent 8JAminalM. I ha¥e no Ce￿rA?M￿ And hav• uime a¢ro8s no other mattws In w￿•Cl10n with the examinaUon lowhl¢h att￿￿On shouhj be drawn in thi8 re￿rt in Orderto enable a ptrper undBrntonrfing oftha 8cLounts to ba r•achod. Paul Coicomb FCCA Wrjjht Vigar Limib Charttred A¢countants & Busin•B¥ AthiBorn Lincoh LincolThshlre LN1 1XG 1 Decomhr 2025 Pqgp 7 eeke du¢atlonal Fou statement of Flnandal Actfvliles they 2025 Tgt41 funds 2024 fund$ lund lunds Notes come AND ENDOIVMENTS FROM Inv8slment income 72,182 72,182 71.470 ExPE•lD￿uRE ON Rai•ing funds ChaTltable adMNes Grants to inolviduals 83.Kt1 63.601 60.072 Total $3,*1 03,961 1.032 Not ga1n￿(lo8￿&I on inv8Stm* 18,9621 18,9821 (52.048} INCOMEIIEXPENDITUREI 8,221 (8,962} (7411 141,808) RECIJNCIUATION OF FUNDS Total funds br¢uohtforword 84,C64 1.119,985 1204.049 1,245.657 TOTAL FUND8 CARRIED FOIVIARD 92,286 1,111.023 12WJ,308 1,204.049 The not*s fomi pèrtofthes8 financial stat•M￿¢S P￿8 31Au U5t 2025 2028 Tolal fvnds 2024 Total nd5 lund Notss FIXED A88Ers Flx•d 0s¥¢t Inve3tmetr Fixed a8¥et invtstments Investrn&nt wopeTty 286,023 825,OC(I 825.0( 825,000 1.111,023 1,111,023 1.119.985 CURIIENT A8SET8 Debtors Cash at bank 10 88 127,979 88 127,979 114.see 128,Ce5 128.066 114.654 CREDrroR8 AnTrJunts faling dl￿thIn y 11 135.7801 (35.7801 130.5901 NET CUIIREIIT ASSET8 92,285 92,285 TOTAL ASSETe LE88 CURRENf uABIL￿1E$ 92,285 1.111,023 1203,%18 1204,049 NET ASSETS 2,28S 1,111.023 1.2f3.308 1,204,049 FUNDS Unre&trict&g funds En(lOwr￿nt funds 12 92,285 1,11 f,023 84.084 1,11&,985 TOTAL HINDS 1,203,308 1,204,049 The finan￿•1 sta1￿￿nt6 apprts¥￿ thè Boa￿ of Tntste86 ar￿ *Jtlv)ris•d for isw8 on 1 D8comber 202S and r¢ siyd on its b•h8lfby. dgAr- Truste• The not•$form partoftheSeffi#a￿1aI staiemenls Papg ucat onal Fou Notes to Flnan¢lal Statements 31Au ust 2026 A¢COUNTIIIG POLICIE8 Bas15 ol prtyarlbVJ th•llMnclal statements The finartKal statern￿ts of thè charity. thi¢h $8 a pulAi¢ benefit entity under FRS 102, havo boen prepargd in acrAwdanc• wth the Charitses SORP IFRS 1021 'Attounling and ty tharrb8&.' Stat•m8nt of ROWM￿ndad ProctK• Opplicab￿ to ch8rFb8s prepariTra th8ir ar¢ounts 7n ac¢ordanc• th• Finamyal Raporhng StaTrttard #p￿1¢&blO In UK and ReWbI￿ gf Irdand IFRS 1U21lorredi￿ 1 January 20151, Firwwwl Reportsng Standard 102 Tho FinBnGial Reporting Stgndard appl￿8￿10 in th8 UK and Republ￿ of Ireland, and Charities Act 2011. The firwncial stat8mÉnts have b88n preparod ￿1￿•r th6 historical w8t convention with Ihe gx¢èpb"on of ir*w9trrrtnts %thi¢h ar8 indud8d at mark6tvduD, 4$ rnodhd bythg revolu4tK￿ ofcort8in aBBets. Flmnclal rEportlno $tdndard 102-r•du6ed dlKlosure exemp￿4￿* Tho thar5ty takan advantage of Ihe follovring d1￿¢)￿ur• •x&nption in FI￿ring th888 fin8n¢hl $l•l•m•nts. as p•rrnrtbd by FRS 102 Thg Fmanrid R•port•)g Standard ¥Fpl1￿b19 in th• UK Rewblioof tr•￿rA1,. r•9￿r*M0nlS of S¢¢tion 7 Statsmnt of C8Bh FI￿5. AII iFwm8 15 mLxvJni8ed in thg Statément of FinAnrA41 Aetivth•s once the chwity ho8 9ntitlèmontto the find8. it is prObAb￿ thatthe irKune %*7ll b¢ i¥¢¥fv¢d and th8 atr￿niCan be meawred reliibly. E%￿ndItyJrt LMbiliti8s •r• re¢wnM•d 4$ oxp8ndthr8 4• $c•Jn •B th•r• 18 a19gal or ¢on8truGtive obl19•￿¢￿ committsrvJ th8 chaiity to that expenditsAr•, 11 b FvobaI￿$ that 0 tr8n8fer of è¢orthN l>en•fft• bè required in S•1knn￿t w)d th9 8mount ol tha ot4igaton eAn bt Tha$u￿d r•li8bty. Expendituro 18 aeKountsd for on an a¢cru818 bask£ and has b08n C&8Srf￿d Iwading6 that aggregats au c05t rdated to Iha GatsgLry. w￿r• f*)sts cannot bg dir•eNw dtrkn￿ lo Pl￿¢u￿r h•odings they ha￿ b•on Alk%at•d to oeti¥lti88 on A ba8k• ￿MIllent *ith tho L Grants promi50d f(* lh• n•xt 12 Iw¥• b￿n a6 ¢0mM￿ted e4)snthr• a￿1 4r• 81Th croditOf5 in note 11. Granls offered Subl￿tkn condi￿on5 whith hav8 Mt begn rn•t atth•y•or•Trl dat• ar• no a5 8 wmmilment but not a¢¢rued R6 axponditura. Inv•stm•nt pffjperty Inveslrntnt prcp8ty 18 shuwn at tl* ffteAkt roeontvaluatti￿. Any 80grW• $urpluB of d•fidlarokng from chaTV8 In market v&4u* 1$ récognvaed wihin ts StatementofFIMMd AGtiwkntsl¢rtho y￿r It attlibutes to. Ta¥alltsn Th• chority •x•mptfrom tsx on its 8c*vits•9. Fund accountlbvj Unrosthd8d fund5 cén be usèd in accordan¢•%￿th th& clwitalAe objecti¥es 4tthe dw81ion ofthe twsla8S. End)wment thjnds reprowt the gft on which the Charity was f￿nded. Th¢ ¢aMal of ths fut¥l must b& pr06ewd and gains lor 106sas} in vth• of In￿$tMeftts indudiThJ propatty added to the fund. Tha income 0risir¥J from lh8 endo%wn8nt frjnd 1$ to te spent in acrorilant* W71h the obi•di¥e$ of the Ch8wity but 1$ not 0thgNis8 r88trrd•d $) 1$ dag8ad a$ unr•6trid•d Furth¢r èxplanation 01lh• naDJre and purposEtoI eath fund is indud•d in notas to thefir>Bn¢ial ststoments. Flx•d •55et INest￿ts INosSm8nts aro piitsqljy r8cognised at Ih•irtranwtion valuo and wJb88quenty m•asur•d atth￿rfsir Val￿ a¥ at thè balant* S￿et dale ￿￿n0 ￿ do￿ng quoled market pr￿0. The #tat￿nt of financ431 mdud•s net gain8 losÈss Arl*ng on r•v#luation and di8pJ8818 througlwul the par. Py10 eonlinu•d... Note5to the Fknanclal S&iteTr￿Trts. Go for the Year Ended 31 Au USt 2ff25 INVESTME14T INCOAIE 2025 2024 Rents recèN•d DeF￿t account irrt•Mst 60,￿0 12,182 59,583 11,e87 72,182 71,470 RPJSING FUNDS 2025 2024 PropBty mainl•naDc• ¢￿ts GPAln PAYABLE Grants to Ind1M￿ 2025 2024 Gr￿ts in the 4)vement in grant commitrner 52,520 $0,320 4.OXI Grants ￿y￿ble 57,560 54.370 SUPPORT COST8 Gr8n15 to indimdua 6,041 IRUSTEES. REMUNERATION AND BENEFTrs There weFO no IrustoeB' ramunera￿0Th cf olh8r I￿ofil$ for tho y•ar endod 31 August 2025 nor for Iho year eThlad 31 A￿USt 2W24. Truste¢s' *xpen5•S Thw• wwe no tr￿5, Éxp8n888 pahl for the y•or and8d 31 Aug[￿t 2025 nor for the year endBd 31 Augu812024. INDEPENDENT EXAM114ATION FEES 2025 2024 depgndent èxamlnws f 280 110 FIXED A8SET INVESTMEp¥f8 m￿iK￿ VALUE At 1 Septembw 2024 R•v*lualior 294,985 18,982) At 31 August 2025 286,023 MEf BOOKVALUE At 31 Augu812025 286.023 At 31 2024 294,985 Paga11 lom5 $ to the Flnan¢hl 8 lor the Year Ended 31 ments.conUnuvd ust2025 FIxEDA86￿ INVE8TMeMTS. ¢onWn￿ed Thwe wwo Tr) inmtrn*)t as8ets cxthdeth? U Co* or¥a￿allon at 31 August 2025 is r8pr•sent•d by.. Vèluabon in 2022 V*luatDn in 2023 Voluatk*n in 2024 val￿￿Tr in 2025 Cost 29,001 14.8461 22,954 247,978 286,023 INVESTMENT PROPEiYrY FAIR VALUE At 1 S•pt8mb8r2024 and 31 A￿ust 2025 825,QOO NET BOOKVALUE At 31 August 2025 825.000 At 31 AwJu5t 2024 825,lJ)O The properiywa5 valued at £825,0(X) on 31 August 2024 by Mr P Banks 86¢ FRICS IRRV of B4nks, LO￿ & Charter8d &JNtyors. The bu$ie88 cons￿￿ Ihi$ to b8 8Tr apyopriats ￿1[ant ¥al￿tron. F3iT valu6 At 31 A￿uSt 2025 18 ropre¥ented by.. ValuAtion in 2021 valUat￿n in 2024 150,0( 175.IXIOI 750.(￿10 825,CKJO 10. OEBTORB.. AMol￿Ts FALLING DUE WITHIN ONE YEAR 2024 Notes to Ihe Flnan¢fj•l Staten￿ . contlnupd forthe Year Ended 31 A ust 202S 11. CREDITORS: AMOUIITS FALUNG DUE VnTHIN ONE YEAR 2026 2024 Grants paya1￿8 Othar cr8ditu5 29.520 6.2 24A80 6.110 35,780 MOVEMEMT IN FUNDS Tr•Trsf•rs 1.9.24 Infvr 31A.26 Unrnstrlct•d fvnd5 Genoralfvnd Prep8rty mo1nten8nc•f￿d 13.601} 11,822 (2,5471 94,832 83.970 8221 92285 Endowmonl fund 1,119.985 18,9621 1.111.orJ TOTAL FUND8 1.204.049 (7411 1.203.308 Net TThMmont in fwd8, indudfrd in tho al)ove orn 08 follews: In fund Unrègtrlct•d fvmls GenèrydlfvtKI Property maintsnwco fimd 60,(p)o 12.182 163,601) 1360 13,8011 11.822 T2.182 (63,9811 8.221 Endwnent funds ErtdoW￿t fund I8.￿2) (8.9621 TOTAL FUNDS 72,182 183,961} 18,9621 (7411 Comparattves for mts¥ernnt In funds movemènt In funds At 1.9.23 31A.24 Gener81 fund Propeity malntsnanc• fund 1.126 72.50a 11,0321 11.470 83.970 73,626 1Q,438 EndDwment fvnds End0wY¢X￿fr1ryJ 1.172.031 152,11461 1,119,985 TOTAL FUND8 1.245.657 141.6061 1.204,049 PwJo13 to Ihe Fknanclal 8tatwnEnts . ntIn￿d r thÈ Year Ended 31 Au U5t 2025 12. MOVEIIEi¥f IN FUNDS. ¢onWnu•d Comparative net rnovom•nt in luth, in(4udgd in the above aro 8sfoWowrn'. Incon￿ng Resour￿$ Galns and PAo¥onwnt •xpfrrthd In fvnds UnrestElrAed funds Gènèral fuThJ Prcpoty maintenane*fwd e0,￿0 11.470 161,0321 11,0321 11,470 71,470 (61,0321 10,438 Endowmentlunds Eth*rn•ntfund 152.0481 152,0461 TOTAL FUNDS 71.470 161.0321 152.(1461 141.608 g•rwal fi￿d is awailablo for byttw Iw8tg88 in ace£¢d#￿wIh the obi*ts ¢hwlty. Th• de8*2nabJ ￿nd has b•￿ ¢r•ated ￿ owdture on maintsn4w oftho Chii5f$ Hogprtql Terracg prO￿lty. The en(l)Ymwnt fund CL¥￿18￿ of th• ￿8•1$ with tha thaFity and iib*knts %¥hich ha¥e r8pkc8d lh8 ortgin41 lo￿)dat￿)n a550ts. Ini£smB from thè andowmfrnt fund k* Imm&li•181y credited to lh• lund. Transterg betw•*n f A ￿nsfer of £960 w85 m8de from th¥ wwerty MaInt￿4￿C¥ fund to g￿￿ra1 fvJxl$ to covèr mpair costs paid . th• prior ygar. RELATED PARTY IXSCLO8URES S Edgar %%*$ £4,00012V24.' £4,O)01 for 80Thi￿9 providFd in the rolo ol Fin￿￿ and Grants Officer arn4 •xpenses of£10812024.. £981. Therè Ao p8YrT￿ itt tha eurFent year. S Edgar i8 tht spo￿¢ oftruBts8 M Edgar. pa￿ 14 Detalled S ol Flnan¢ial forthe Y Ended 31 A ust 2025 2025 2024 IIKOME AIID ENDOIVNEPffi8 R•nts r8caN8d O•po*t account inter8St 60.OD3 12,182 59,583 11,887 72.182 71,470 Total In¢omlng resourc 71182 71,470 EXPENDITURE Proporty rnaintanarttr ¢osts Chariiabl• actfvtt Gr￿ts to indiwdual$ 57.580 54,370 Support costs Gov•rnan¢e Costs In8ur8n Indepondarrt examl & m•8ting 1,110 4,393 6,041 5.702 Tolal res￿1¢￿ •xpended 63.961 61.032 8,221 10.438 This pwje dogs not fr)m) part oflh• statywfin•nca818tat•m•nt8 Page15