THE JOHN LUCY TRUST Registered Charity No. 528686 ANNUAL REPORT and FINANCIAL STATEMENT of the Trustees FOR THE YEAR ENDED 5th APRIL 2025 Chairman of the Trustees. Mrs Alison J Harrison Hanter Snitterfield Street Hampton Lucy WanNick CV35 8AX Bankers: HSBC Bank Ltd 11 High Str￿t Warwick CV34 4AS Land Agents.. Godfrey-Payton 25 High Street Wawick 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 2025 Registered Charity No 528686 8ACKGROUND 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 Trust founded 8th August 1868 2. Lucy Educational Foundation constituted 1 St May 19( 3. William Rogers Charity founded 51h July 1749 PURPOSE OF TRUST To manage the Trusys property situated in the Parish of Hampton Lucy. From the proceeds of income. less expenses in managing the propety, to apply the net proceeds in defined proportions for the benefit 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, restdent in the Parish of Hampton Lucy, and who are in need of financial assistance. TRUSTEES The body of the Trust consists of fr4e trustees.. One Ex-officio Trustee.. The Reverend Linda MacDermott Two Nominated Trustees.. Mr E L Hoare and Mr C S Northcote-Green Two Co-opted Trustees: MTS A J Harrison and Mrs T Potter IJIEETINGS The Trustees held four meetings in the financial year to 5 April 2025. Subsidiary meetings were also held from kn'me to time between selected Trustees to discuss specific issues. ACTIVITIES AND ACHIEVEMENTS Properties The Trustees, with the aSsiStsn￿ 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 Office. 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 roLrtine maintenance. During the course of the financial year, it was decided to refurbish and modernise the Old Post Office which became vacant in October 2024, with a view to reletting the propety in the early summer of 2025 at an improved rent. The cost of this is reflected in the 5th April 2025 end of year accounts. Investments These consist of cash funds only and are deposited with HSBC Bank, WaThvick and with the COIF- Charities Deposit Fund as detailed in the accompanying Income and Expendtture Account. A financial reserve is being maintained to fund the cost of m<)dernising our properties. There is a small credit balance in the Co-op Bank Centenary Account, which is to be used specifically for completing the refurbishment works to the Village Hall. Assets The Twst owns four properties in the village of Hampton Lucy, viz.. Ihe John Lucy Village Hall, the Old Post Offi￿, The Boars Head Public House and Church Lodge. The indicative value of all these assets is between £750.000 and £1,000,000. Risk Management and Conflicts of Interest These policies are monitored and updated as necessary to take inlo account prevailing circumStan￿s. Complaint Procedure The Trustees had no cause to invoke their policy for dealing with complaints as no complaints were submitted during the year. FUND DISBURSEMENTS Disbursements to beneficiaries are detailed in the accompanying Financial Statement. The Trustees granted sums of £8,000 to the church to help with maintenance of the church building and £4,200 to Hampton Lucy Primary School. £170 was granted to the Hampton Lucy Youth Club. No grants were received from Central and Local Government sources during the year. The Trustees do not employ any paid staff but delegate much of the day-to-day operation of the Trust funds to their Land Agents, Godfrey-Payton of Warwick, who are paid a commission based upon the charty's rental income. The Trustees believe they have carried out the Trusl's purpose with due regard to the Trust's Scheme and the need to operate for the public benefit. FINANCIAL YEAR The Financi 5th April 20 inspected tem nt accompanying this report is for the period 6th April 2024 to ks and slatements relating thereto have been ndent Examiner. Signature . Full Name Chaimian of the Trustees THE JOHN LUCY TRUST ACCOUNTS YEAR TO 5TH APRIL 2025 Godfrey-Payton 25 High Street Warwick CV34 4BB Prepared by Godfrey Payton 26/08/2025 THE JOHN LUCY TRUST ## **Income & Expenditure Account for the year to 5th April 2025** |2024||£|£|£| |---|---|---|---|---| ||Rents Receivable:|||| |23,677|The Boar's Head (Ms A Heron)||28,000.00|| |8,640|Church Lodge (P.C.C.)||8,640.00|| |7,800|Old Post Office:: Mrs T Taylor||4,550.00|| |3,000|The Village Hall||3,000.00|| |43,117||||44,190.00| |903|Bank Interest (Gross) Received for year|||1,172.93| |44,020||||45,362.93| ||Less Expenses:|||| ||Godfrey-Payton, Commission on :|||| |4,312|Rents of £43,116.56 @ 10%||4,419.00|| |45|Interest of £902.50 @ 5%||58.65|| |4,357|||4,477.65|| |871|Plus VAT thereon @ 20%||895.53|| |5,228|||5,373.18|| |840|Godfrey Payton - Boar's Head rent review|||| |421|Insurances : The Village Hall|457.69||| |241|Church Lodge|267.70||| |223|Old Post Office|247.25||| |1,725|||972.64|| |227|Trustees Indemnity Insurance||243.60|| |25|Secretary and auditor's expenses||30.00|| |126|Plaque commemorating appeal||-|| |121|Bank Charges||120.00|| |7,169|Property repairs - Per Schedule||23,035.29|| |14,621||||29,774.71| |29,398||||15,588.22| |71,614|Balances at 5th April 2024 brought forward|||76,631.67| |101,012||||92,219.89| ||Payments to/for Beneficiaries :-|||| |16,000|Hampton Lucy P.C.C.||8,000.00|| |8,100|Hampton Lucy C of E Primary School||4,200.00|| |280|Hampton Lucy Youth Club||170.00|| |24,380||||12,370.00| |76,632||||79,849.89| ||Balances in hand at 5th April 2024|||| |54,692|Current Account||64,145.38|| |30,105|CCLA Account||31,278.01|| |28|Centenary fund Coop bank account||27.83|95,451.22| |84,825||||| ||Less Creditors:|||| |5,228|Godfrey-Payton Management Fee||10,601.33|| |900|Countryside services invoice payable||-|| |-|Godfrey-Payton Old Post Office project management||3,000.00|| |25|Secretary's expenses||-|| |9,000|Loan due to The Village Hall||9,000.00|| |15,153||||22,601.33| ||Rent debtors:|||| |7,000|The Boar's Head (Ms A Heron)||7,000.00|| |(40)|Old Post Office:: Mrs T Taylor||-|| |||||7,000.00| |76,632||||79,849.89| Prepared by Godfrey Payton 26/08/2025 1 THE JOHN LUCY TRUST ## **Schedule of Repairs for year ended 5th April 2025** |**Property repairs**
The Old Post Office :
House clearance net of tenants contribution
Asbestos refurbishment survey
Asbestos removal from kitchen
Structural engineer site visits
Damp proof course
Refurbishment interim payment
Interim fee for the project management of the Old Post Office
Refurfishment second interim payment
Church Lodge :
Gutter clean
New toilet and fixings
Install insulation/expanding foam in bathroom/soil pipes
Labour and materials for extractor fan
Boiler service
The Village Hall
Boiler Service|£
75.00
474.00
1,154.63
930.00
1,893.60
7,200.00
3,000.00
7,200.00|£
21,927.23
1,026.46
81.60| |---|---|---| ||120.00
484.66
235.20
105.00
81.60|| ||81.60|| |||| |||23,035.29| Prepared by Godfrey Payton 26/08/2025 2 ## **The John Lucy Trust Reconciliation of Rent Receivable to Rent Received Year to 5th April 2025** |The Boar's Head (Ms A Heron)
Church Lodge (P.C.C.)
Old Post Office: Mrs T Taylor
The Village Hall|**Receivable**
**Received**
**Repaid to**
**tenant**
**Opening**
**Debtors**
**Closing**
**Debtors**
28,000.00
28,000.00
7,000.00
7,000.00
8,640.00
8,640.00
0.00
0.00
4,550.00
5,200.00
690.00
(40.00)
0.00
3,000.00
3,000.00
0.00
0.00| |---|---| ||44,190.00
44,840.00
690.00
6,960.00
7,000.00| 26/08/2025 3 THE JOHN LUCYTRusr {Reg. Charlty no. 528686) INDEPENDENT EXAMINER'S REPORTTOTHE TRUSTEES OF THE JOHN LUCYTRUST report on the accounts of the Trust for the Year Ended 5th April 2025. which are set out on the following pages. Respertive Responslbllltle5 of TTustee and Examiner The charitls trustees are responsible for the preparation of the accounts. The charitV5 trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 Ithe 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 Dlrections given by the Charity Commission (under section 145151{bl of the Charities Act). and To state whether particular matters have come to my attention. Basls of Independent Examinerfs 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 fairf view and the report is limited to those matters set out in the statement below. Independent Examinerf$ Ststement In connection with my examination of the accounts for this year. no matter has come to my attention l. that gives me reasonable cause to believe that, in any material respect, the requirements.. al to keep accounting records in accordance with Section 130 of the Charities Act: and 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 proper understanding of the accounts to be reached. Home Close House Grovefields Farm Hampton Lucy CV35 8AT Ant A.C.A. 4 August 2025