THE JOHN LUCY TRUST Registered Charty No. 528686 ANNUAL REPORT and FINANCIAL STATEMENT of the Trustses FOR THE YEAR ENDED 5th APRIL 2022 Chairman of the TruSt￿s. Mrs Alison J Harrison Hanter Snitterfield Street Hampton Lucy Wamick CV35 8AX Bankers: HSBC Bank Ltd 11 High Str￿t Wa￿iCk CV34 4AS Land Agents: Godfrey-Payton 25 High Street Warwick CV34 4BB Independent Examiner: Anthony K Stein ACA Home Close House Grovefields Farm Hampton Lucy CV35 8AT THE JOHN LUCT TRUST- ANNUAL TRUSTEES. REPORT TO 5th APRIL 2022 Registered Charity No 528686 BACKGROUND The John Lucy Trust Deed was sealed on 5th December 1997 by the Charity Commissioners for England and Wales and was established by amalgamating the following charities.. 1. John Lucy Organist Twst founded 81h August 1868 2. Lucy Educational Foundation constituted 1st May 1906 3. Wlliam Rogers Charty fourKled 5th July 1749 PURPOSE OF TRUST To manage the Trusl's property situated in the Parish of Hampton Lucy. From the proceeds of income, less expenses in managing the propety. to apply the nel PrO￿d$ in defined proportions for the benefft of Hampton Lucy Primary School and Hampton Lucy Parish Church. and in promoting the education of persons under the age of 25, who are or whose parents are, resident in the Parish of Hampton Lucy, and who are in need of finan¢Éal assistance. TRUSTEES The body of the T￿￿t consists of five trustees: One Ex-officio Trustee: Rev A B Larkin Two Nominat&d Trust￿5. Mr E L Hoare and Mr C S NorthcO￿Green Two c￿opted Trustees.. Mrs A J Harrison and Mrs T Potter MEETINGS The Trustees held four meetings in the financial year to 5 April 2022. SubsKliary meetings were also held from time to time between selected Trustees to discuss specific issues. ACTIVITIES AND ACHIEVEMENTS Propertles Ttr￿ Twstees. with the assistan￿ of their Land Agents. continued their careful management of the four properties they own in the Parish of Hampton Lucy. viz.. the John Lucy Village Hall. the Old Post Offi￿. The Boars Head Public House and Church Lodge. Where appropriate, the Trustees paid the costs of insuring the properties as well as paying for their rouiine fflaintenan￿. Coronavirus (Covid-19) The Trustees have agreed a repayment plan with the present tenant of The Boars Head for Ihe outstsnding rent vthich has accrued as a result of the effect on trade caused by the pandemic. This has enabled The Boars Head to remain open for busine&8 during these difficult tNnes. Investments These consist of cash funds only and are deposited with HSBC Bank. Warwick and wrth the COIF - Charities Deposit Fund as detsiled in the accompanying Income and ExperNJiture Account. A financial reserve is being mainlained to fund the cost of mcxlemising our properties. During the course of the year. funds were raised from charitable organisations and donations from the public to finan￿ the cost of refurbishing the Village Hall. The work induded improving its kitchen and WC factlilies. creatirMJ a new meets.ng room and providing a level floor area to make the building more adaptable and funclional. The year end accounts refer to the amounts r￿1Ved vta donalions and grants and the expenditure. An account was set up by the Trust witti the Co-op Bank to accept grants and to pay the building contractors. There is a small amount of work to be completed in the 2022r2023 finanaal year. and there are enough funds in the account to pay for this. The Trustees have fully supported this project as it has brought the Hall up to modem standards, in addition to dealing with essential repairs. The donors have been made fully aware of the purpose of the expenditufe and Ihe TTUStees are very grate￿1 for their generosty. An Opening Event was held in Juty to ￿lebrate the refurbishment to which all donor5 were invikd along with local d￿nrtarles. The improvements are considered to be of great benefft to, not only the village communty, but in particular the Village School and the Church and their communities in conductin9 their activiiies. The Trust owns four properties in the village of Hampton Lucy. viz.. the John Lucy Village Hall. the Old Post Offi￿, The BoaTS Head Public House and Church Lodge. The indicative value of all these assets is beiween £750,000 and £1,000.000. Risk Management and Confiicts of Interest These policies are monitored and updated as ne￿Sary to tske into account prevailing circumstances. Complaint Proc•dur• No complaints were received via the Trusvs Complaint Procedure during the year. FUND DISBURSEMENTS Disbursements to beneficiaries are detailed in the accompanying Finanoal ststement. The Trustees granted sums of £16,000 to the church to help with Maintenan￿ of the church building and £8.000 to Hampton Lucy Primary School. Grants. some of which were received from ￿ntral and local government sources. and donations were used to pay for the refutbishtnent wotks carried out to the Village Hall. The Trustees do not employ any paid staff but delegate much of the daY-t(￿daY operation of the Trusl funds to their Land Agents. Godfrey-Payton of Warwick, who are paid a commission based upon the charl￿S rental income. The Tnjstees believe they have carried oth the Trusvs purpose with due regard to the Trust's Scheme and the need to operate for the public benefrt. FINANCIAL YEAR The Financiali $ 5° April 2022 ) inspected by te paDying this report is for the period 6th April 2021 to and statements relating thereto have been Signature . J. Full Name..............-... Chairman of the Trustees THE JOHN LUCY TRUST ACCOUNTS YEAR TO 5TH APRIL 2022 Godfrey-Payton 25 High Street Warwick CV34 4BB Prepared by Godfrey Payton 04/08/2022 THE JOHN LUCY TRUST ## **Income & Expenditure Account for the year to 5th April, 2022** |2021||£|£|£| |---|---|---|---|---| ||Rents Receivable:|||| |24,006|The Boar's Head (Ms A Heron)||24,231.25|| |8,220|Church Lodge (P.C.C.)||8,220.00|| |7,440|Old Post Office:: Mrs T Taylor||7,440.00|| |3,000|Use of John Lucy Hall (VHMC)||3,000.00|| |42,666||||42,891.25| ||Donations and grants|||75,095.61| |10|Bank Interest (Gross) Received for year|||16.29| |42,676||||118,003.15| ||Less Expenses:|||| ||Godfrey-Payton, Commission on :|||| |4,266|Rents of £42,891.25 @ 10%||4,289.13|| |1|Interest of £10.44 @ 5%||0.81|| |4,267|||4,289.94|| |853|Plus VAT thereon @ 20%||857.99|| |5,120|||5,147.93|| |-|Management Expenses||0.00|| |576|Insurances : Hall & Men's Club|585.34||| |223|Church Lodge|236.56||| |231|Old Post Office|245.04||| |1,030|||1,066.94|| |238|Trustees Indemnity Insurance||237.63|| |-|Donation to Youth Club (cheque not presented)||(275.00)|| |160|Donation to Hampton Lucy Village Hall Management Committee||-|| |25|Secretary and auditor's expenses||25.00|| ||Sundry expenses||85.30|| |60|Bank Charges||84.33|| ||Village Hall refurbishment||75,261.23|| |993|Property repairs - Per Schedule||7,030.40|| |7,626||||88,663.76| |35,050||||29,339.39| |54,973|Balances at 5th April 2021 brought forward|||66,022.29| |90,023||||95,361.68| ||Payments to/for Beneficiaries :-|||| |16,000|Hampton Lucy P.C.C.||16,000.00|| |8,000|Hampton Lucy C of E Primary School||8,000.00|| |24,000||||24,000.00| |66,023||||71,361.68| ||Balances in hand at 5th April 2022|||| |24,533|Current Account||27,903.03|| |28,682|CCLA Account||28,693.85|| |-|Centenary fund Coop bank account||8,840.23|65,437.11| |53,215||||| ||Less Creditors:|||| |5,121|Godfrey-Payton Management Fee||5,147.93|| |25|Secretary's expenses||25.00|| ||Loan due to HLVHMC||9,000.00|| |19,387||||14,172.93| ||Rent debtors:|||| |17,994|The Boar's Head (Ms A Heron)||20,137.50|| |(40)|Old Post Office:: Mrs T Taylor||(40.00)|| |||||20,097.50| |37,341||||71,361.68| Prepared by Godfrey Payton 04/08/2022 1 THE JOHN LUCY TRUST ## **Schedule of Repairs * Sundry Expenses for year ended 5th April 2022** |**Property repairs**
The Old Post Office :
Electrical testing
Roof repairs
Boiler service
Church Lodge :
Lantern fitted
Electrical maintenance re exposed connections on external lights
Electrical testing
Exterior painting replace French door
Toilet cistern
Boiler service
Hall & Men's Club ;
Cleaning - Eco Clean
Drain cleaning/CCTV survey
**Sundry expenses**
Wine for Tony Stein
Drinks for Village Hall working party
Blue paint|£
300.00
234.00
84.00|£
618.00
4,990.40
1,422.00| |---|---|---| ||95.00
100.20
240.00
4,152.00
180.00
223.20|| ||480.00
942.00|| ||23.00
40.30
22.00|| |||7,030.40| |||| |||85.30| Prepared by Godfrey Payton 04/08/2022 2 ## **THE JOHN LUCY TRUST (Reg. Charity no. 528686)** ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE JOHN LUCY TRUST I report on the accounts of the Trust for the Year Ended 5[th] April 2022, which are set out on the following pages. ## **Respective Responsibilities of Trustee and Examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - Examine the accounts under Section 145 of the Charities Act - To follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and - To state whether particular matters have come to my attention. ## **Basis of Independent Examiner’s Report** My examination was carried out in accordance with the general direction given by the Charity Commission. An examination includes a review of the accounting records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts show ‘a true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent Examiner’s Statement** In connection with my examination of the accounts for this year, no matter has come to my attention 1. that gives me reasonable cause to believe that, in any material respect, the requirements: - a) to keep accounting records in accordance with Section 130 of the Charities Act; and - b) to prepare accounts that accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or, 2. to which, in my opinion, attention should be drawn in order to enable a full and proper understanding of the accounts to be reached. Home Close House Grovefields Farm Hampton Lucy Anthony K Stein A.C.A. 11 August 2022 CV35 8AT