THE JOHN LUCY TRUST Registered Charity No. 528686 ANNUAL REPORT and FINANCIAL STATEMENT of the Trustees FOR THE YEAR ENDED 5th APRIL 2024 Chairman ofthe Trustees: Mrs Alison J Harrison Hanter Snitterfield Street Hampton Lucy Warwick CV35 8AX Bankers: HSBC Bank Ltd 11 High Str*t walek CV34 4AS Land Agents: Godfrey-Payton 25 High Street Warwick CV34 4BB Independent Examiner. Anthony K Stein ACA Home Clfft House Grovefields Farm Hampton Lucy CV35 8AT
THE JOHN LUCT TRUST-ANNUAL TRUSTEES. REPORT TO 5th APRIL 2024 Registered Charity No 528686 BACKGROUND The John Lucy Trust Deed was sealed 5th December 1997 by the Charity Commissionews for England and Wales arNJ was eStasshed by amalgamating the following charities: 1. John Lucy Owganist Tn fOuled 8th August 1868 2. Lucy Educational FoundatM)n Const1ttrt 11t May 1 3. Mliam Rog Charity founded 5th Juty 1749 PURPOSE OF TRUST To manage the Trusfs property situated in the Parish of Hampton Lucy. FrLYn the proceeds of Inc, less expenses in managing the property. to appty net proCeIS in defined pToporti(pns for the benefft of Hampton Lucy Prirnary School and Hampton Lucy Paiish Church, arKJ in promoting the education of penS under the age of 25. are or whose parents are, resNJent in the Paiish of Hampton Lury, and who are in need of financial assistin. TRUSTEES One Ex-offiao Trustee.. Positson vacant TV Nominated Tnjstees". Mr E L Hoare and Mr C S Northcottrfvn Two Cowted Trustees: A J Hatrison and Mrs T Potter MEEfiNGS The Tnjstees hekl four meetings in the fanCIal year to 5 April 224. Subsidiary meetings vRre also held from time to time between selected Trustees to discuss specific Issues. ACTMTIES AND ACHIEVEIIENTS The Trustees. wilh the assistan of trEir Land Agents. continued their careful m8fiagerrrt of the four propertEs they own in the Parish of Hampton Lucy, viz.. the John Lucy Willage Hall, the Old Post Office, The Boar5 Head Public House and Church Lodge. Where appropriate. the Trustees paid the sts of K)surwy the properties as ¥1 as payirv for their routine rna1ntenan.
These constst of cash funds only and are depo with HSBC Bank. war% and with the COIF- chare$ Deposit Fund as detsiled in the accompanying Income and Expenditure AccounL A financial reseNe is being maintsined to fund the cost of modemtsing our propertE& There is a small edit balan in the Cw) Bank Centenary Aixx)unt. whith is to be used specifically for completing the refurbislment w0S to the Ifillage Hall. Assets The Trust owns four properties In village of Hampton Lucy. viz., the John Lucy Village Hall. the Old Post Offi, The Boars Head Public House arml Church Lodge. The irKlicabve value of all these assets is betvRen £750,000 arKI £1,000,000. Risk Management and Confiicts of Interest These policies are monitored aTKI updated as necessary to tske mto account prevailing CInMStan Compknint Procedure The had no cause to invoke their policy for dealing wilh cnplaInts as no complaints were sthitted duiing the year. FUND DISBURSEMENTS DiStrements to berlarI&S are detali ed in the a(xx)mpanying Financial Statement. The TnBtees granted of £16.000 to the church to help with rnaintenan of the church buildirvJ and £8.100 lo Hampton Lucy Prniary School. £280 was granted to the Hampton Lucy Youlh Club. No grarts were reIVed from Central and L1 Govenvnent Sour duriThJ the year and donakn were ed to pay for refurbishnEnts Trd to the Village Hall. The Trustees do not employ any paid staff but delegate much of the day-ttsday operatK>n of the Ttust furKls to their Land Agents, Godfrey-Paykn of WanNick, who are paid a (*Jmmisston based upon the charity's rentsl inwme. The Trustees believe they have canied out the Trusfs purpose with due regard to the Trusfs Scheme arml the need to operate for public benefit
FINANCIAL YEAR The Financial S 5th April 2024 a fin Ccnpany1ng this report is for Ihe period 6th April 2023 to nt Examiner. Chainnan of the Trustees
THE JOHN LUCY TRUST {Reg. Charity no. S28686) INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE JOHN LUCYTRUST th I report on the accounts of the Trust for the Year Ended 5 April 2024, which are Set out on the following Pages. Respectlve Responsibllltles of Trvstee and ExarnSner The charity's trustees are responsible for the preparation of the accounts. The charltrfs trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Artl and that an independent examlnation is needed. It is my responsibilty to: Examine the accounts under Section 145 of the Charities Act To follow the procedures laid down in the general Directions given by the Charlty Commission (under section 14515llbl of the Charities Act). and To state whether particular matters have come to my attention. Basis of Independent Examlnerfs 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 Examinerfs Statement In connection with my examination of the accounts forthis year, no matter has come to my attention l. that Elves me reasonable cause to believe that, in any material respect, the requirements: al to keep accounting records in accordance with Section 130 of the Charitles bl 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 oper understanding of the accounts to be reached. Home Close House Grovefields Farm Hampton Lucy CV35 8AT Ant A.C.A. 29 August 2024
THE JOHN LUCY TRUST ACCOUNTS YEAR TO 5Th APRIL 2024 Godfrey.Payton 25 High Street Wamck CV34 4BB Prepared by Godfrey Payton 107}2024
THE JOHN LUCY TRUST In¢om &Ex Accou to 8th Rents Reeeiv8ble". The B08rf5 Hsarj Ims A Hèron) Church Lodge IP.C.C.} Post Offir..: Mrs T Taybr Use of John Lucy Hall IVHMCI 24.45e 8.325 7.470 3.000 43.251 23,676.56 8.640.00 7.800.00 3.000.C 43,116.56 4,166 L)onation$ grants 509 Bank Interest (Grossl Rec6fved for year 47,925 902.5Q 44.019.06 Less Expertses: Godfrey-payknn. CommLssion on '. Renls of £43.118.56 10% Interestof £W2.9) 4.325 25 4.311.66 45.13 4,356.79 871.36 5.228.15 870 5.220 240 Lk8 VAT Ihèffjon 20% Godfrey PaOrt- •cc4untsncy fee Godfrey PaOn- Boats Head rEnt InsuTrnces '. Hall & Mens Club Church Lod98 Old Posl Off5ce 840.00 420.54 241.49 223.06 672 267 1,425 227 1.725.09 228.80 Trust888 Indomnty Inswance 25 251 Secretsryand a£wJitorfs 8yp?roes Eypenses re Launch av•nt Pl8que Cotnfflernora ap81 Bank Charges Village Hall refurt)i3hment Property repaiis- Per Scwulg 25.00 126.00 121.31 0.00 97 11.634 2,744 21,623 28,302 71,362 Balance8 al 5th April 2023 brDught fCard 97.684 14.621.44 29.397.82 71.614.05 101,011.67 Paymènts knmor HenefidarknB:. Harnpton LucyP.C.C. Harnpton Lucy C of E Primary School Harnpton Lucy Youth Club Grapevine magazine 17,¢)00 8.500 250 300 26.050 16,000.00 8,100.00 280.00 0.00 24.38D.CKI 76 631.87 Balances in haThJ at 5th Apr512023 Current Accourt CCLAAecount Centery fuTrJ Coop bank accounl 41,5B9 29,203 709 71,)1 54,691.91 30,105.08 27.83 84.824.82 Les3 cdIto.. Godfv&*PaPon M8nagemerrt Fee Countysida sèrvtces involce P8yBb srerIs expenses Loan due to HLVHMC 5221 5.228.15 0.00 25.00 9,000.00 SD 9,000 14,271 15.153.15 Rent d¢btors.' The Boarfs Head Ims A Heron) Old Post ClfFice:: Mts T T8yk)r 14.424 1401 7,000.00 40.00 6,960.00 76.631.67 PT6pafed by Godfrty Payton 1210712024
THE JOHN LUCY TRUST hedule of Re irs'su es for ear ended 5th rll 2022 Property rnpairs Tho Old Post Office . Boiler seM¢e EPC Gar(kn clearance 123.29 140 00 900.00 1.163.29 Churth Lodge '. New boiler Instsll new basin Roof repairs New lèver taps 80iler r8P8ir Roof repairlnew tiles 3.276.CKJ 454.20 456.00 222.54 60.LKJ 216.1)0 4.684.74 Hall & Men's Club.. Boiler repair Boiler servi Boiler repair New cooker hobs Repairs to Greenhouses Electricty tr> shed 168.(KJ 81. 432.C(J 83.98 63.48 492.(KJ 1.321.06 Prepared by Godfrey pOn 1210712024
The John LucyTrust Reconciliatlon of Rent Recelvable to Rent Received Year to 5th April 2024 Agreed Wrfte off Openlng Debtors Closlng Dèbto Recelvable Re¢el¥ed The Boats Head Ims A Hgronl Church LcKlge IP.C.C.I Old Post Office.. Mrs T Taylc Use of John Lucy Hall IVHMC} 25.408.75 31.100.00 8.840.00 8,640.00 T,8f1.00 7.800.IXI 3,0.00 3,000.00 1,792.19 14,423.44 0.00 140.001 0.00 7.000.00 140.CQI 44,908.75 50,540.00 1,792.19 14,383.44 6,960.00 12107r2024