Company Registration No. 2523744 (England and Wale81
Lytham Town Trust Limited
Report and Accounts
For the Year Ended
31 December 2023

LYTHAM TOWN TRUST LIMITED
CONTENTS
YEAR ENDED 31 DECEMBER 2023
Page
Company infomabon
Report of the trustees,
Report of the audrtor
Statement of financial a¢tivilies
10
Balance sheet
Accounting w)licies
12
Notes lo the accounts
15

LYTHAM TOWN TRUST LIMITED
COMPANY INFORMATION
Elected directors
D K Gill-chaiman #
S C Kitt- Secretary #
D F Clarke- Deputy Chaimian #
Mrs A Evans#
Dr A J P Gilchrist
WR THale#
RACSmilh#
AMWolfp#
Nomlnat•d dir•clorn
Mrs S M Comah #- Lytham St Annes CIV￿ Scciety
J D Hornyak - Fnends of Lytham Hall
A Lavin- BAE Systems Iretired 17 April 20241
J R Thomas - Fykle Council Irelired 4 May 20231
S M Williams- Lytham Heritage Group
M Wlhers- Fylde Council lappoinled 17 July 20231
Honorary Llfo Vl¢•.Pr••idonts
G A Buffas IDied 28 January 20241
Secretary
SCK
Regl8tored offl¢e
Assembly Rooms
Dicconson Terrace
Lylham
FY8 5JY
Company numb•r
2523744
Re9Sstergd ch•rlty numb•r
1000098
Audltorn
Ashworth TW$U￿ Ltd
17-19 Park Street
Lylham
FY8 SLU
#- Members of Ihe executive committee
Page 1

LYTHAM TOWN TRUST LIMITED
IA Re9islered Charity and a Company Limited by Guarantee)
REPORT OF THE TRUSTEES
YEAR ENDED 31 DECEMBER 2023
The Trustees, who are also directors of the charity for the purposes of the Companies Act. present their report
and the audited financial statements of ltte chanty for the year ended 31 December 2023. The trustees have
adopted the provisions of the Slalement of Recommended Pracbee ISORPI -Accounting and Reporting by
Chariltes" IFRS 1021 in preparing the annual report and financial stalem8nl$ of the charity.
The financial statements have begn prepared in accordance with the accounting poliC￿S set out in the notes lo
the a￿oUnt5 and comply with the charity's goveming document. the Charities Act 2011 and Accounting and
Reporting by Charities. Slalemenl of Recommended Praclice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard app1￿ible in the UK and RepubliG of Ireland 155ued in October
2019
Structure, governance and management
Governing document
The Trust is a company limited by guarantee and also a registered chanty. The organisalion was established
under a Memorandum of Association on 19 July 1990 which established the objects and powers of the charitable
company, and il 1$ govemed under its Articles of Associatson.
Appointment of trust•o8
The directors of the company are also chafity Iruslees lor the purposes of charity law. Under the requirements of
the Memorandum and Articles of Association. the board of directors shall consist of..
Nomlnated members of..
Numbgr of nomln•
Fylde Council
Lytham Sl Annes Civic Soc*ty
Lylham Heritage Group
BAE Systems
Friends of Lytham Hall
Cowopted members
Any said person having direct connections wrth the primary objects
ol the company - CCpOPted by the Board at its diSCret￿n
Elected members
Tru8tee8 inductlon and trainlng
An induction prcgramme is provided for all new trustees which includes Infomialh)n about the Trust's constilulion,
finances and governance. All Trustees receive ¢gpie$ of the Charity Commission bulletins and other p¢Jblicalions,
where relevant.
R•latod yrtl••
Any transaction entered into by the Trust is influenced onty by the con3Kleralion of the charity's own interests.
Rlsk management
The trustees continually examine the major strategic business and operational risks which the charity faces and
systems have been established to l@ssen these risks.
Page 2

LYTHAM TOWN TRUST LIMITED
IA Registered Charity and a Company Limrted by Guarantee)
REPORT OF THE TRUSTEES {CONTINUEDI
YEAR ENDED 31 DECEMBER 2023
Organlsatlon
The business of the charity is managed by the Board which meets quarteily Day lo day operational matters aré
delegated to an Executive Committee comprising of at least six members of the Board. Other sub - committees
deal with propety matters and the management of the Assembly Rooms and also report to the Board An
Executive Committee comprising of tsvo members from Lylham Town Trust and tsvo members from the Herlt8ge
Trust for the Northwest oversee Ihe mana9errEnt of Lylham Hall.
Objectiv03
The Trust's obie¢tives a￿ lo preserve building$ of hi$lori¢81 and architectural interest and to provide community
cenlres and other aft￿nitIeS for the inhabitants of the community fesidin9 in Lylham.
Review of activities - Achievements and perfoTmanc•
Actlvltles
There have been no significant changes in the activity￿ of the Tfusl in the year.
Flnan¢lal rovlew
Thè net surplus on incoming ￿soUrCeS before revalual￿n$ and gainFJlosses on investrnents was £62,19212022'.
£78,387).
The directors have adopted a reserves policy whereby the unresth'cted fvnds not sel aside for or invested In
tangible fixed assets, is be￿een 12 and 24 mnths of the average resources expended over the previous th￿e
years. exGluding exceplional items.
The reserves at 31 Dècembar 2023 cakulated on this basis equate lo 30 mnths12022 21 Months).
The funds hekl al the end of the year were.
2023
2022
Unrestricted Fund - General
Unreslricled Fund - Designated
Reslricled Fund - Endowment Fund
Reslricled Fund - Lytham Hall
1,072,060
395,000
805,952
955,113
993,229
390,ofJO
786,242
980, 151
ToLg1 Fundg 4131 December
3.228. 125
3.129,622
Objective8 and actlvltles
The Trust owns Lytham Hall which is tr￿fia9ed by The Heritage Trust for the North Wesl under a 99 year lease.
The Assembly Rcx)ms are let lo the Tfust by Fylde Borough Council under a 125 year lease at a nominal rent which
runs from 1991. Part of the building Is ￿1 on commercial tenanues and the remainder houses a public library and a
community centre
Page 3

LYTHAM TOWN TRUST LIMITED
IA Registered Chaiity and a Company Limrted by Gua￿ntee)
REPORT OF THE TRUSTEES ICONTINUEDI
YEAR ENDED 31 DECEMBER 2023
Oblectlve5 and activitigs Icontinuod
In shaping the Trust's objeth'ves for the year and ￿annIng our xts"vtts"es, Ihe directors have considered the Charity
Commission's guidance on public benefit, induding the guidancE on fee charging. The Trust relies on room hire
income to cover 115 operating costs. In setting the ￿e1 of hire charges, the directors have sought lo ensure that the
Assembly Rooms are aecessible to charitsble and community organisations ty tharging fees that are below
ommertial rates.
A88embly Rooms
The Assembty Rooms continue lo be a well-used and loved o)mmunity asset embra¢ing h￿h quality tenants ike
the Lytham Library servi￿ ak>ng wrth many community organisations using the Ribble Room for daily use.
Repair work to the roof and car park is planned in the year ahead otherwise the building is in very goTr#
ondition.
The Trust is proud of its work here, in offering community-based activIt￿S and services allowing it to clearly
achieve one of rt5 Gore chartsble objectives
Lytham Hall
Thg tru51e8s werg sorry lo seè the dèparture of Liz Moss during the year, although she has continued as a
trustee of Heritage Trust lor the Northwest bul were pleased lo welcome Michael Guy. her replacement as
Chief Executive Officer.
The Lylham Hall Executive Committee. the ff*mbership and scope of which is sel out in the lease of Lytham
Hall, now meets tAice a year. The Lytham Hall Partnership has accordingty become redundant and has been
disbanded.
As reported18sI year Fylde Council accepted that their grant of £75 000 had been appl￿ towards the
maintenance of the Collection and that the terms on which 1$ was 9ranled have accord¢n9ly been met. Thi8
enabled the corresponding loan of £75.000 lo Hentage Trust for the North Wesl lo be cancelled.
The replacement of the geptic tank wth a sewage treatment plant was completed during the year with Lytham
Town Trusl contributsng £40.000 towards the cost from the income accumulated in tho Lytham Hall Endowmènt
Fund.
Lytham Institute
In Decemb9r the Charity Commission published rts lon9-awarted decision on the proposgd cy pr05 scherno for
the Lytham Institute charity. This conffimed that the Iruslee. Fylde Council. does not have the FX)wer lo sell the
building without repla¢ing it unless a further applicatson is made lo the Commission. As an added protection the
Commission sp8cifi8d that such a decision cannot be made until additional. indèpendonl, trusto8s are
appointed. The obligation to progress this now rests with the Council.
Lytham Town Trust continues to work wrth the Lytham St Annes Civic Scriety. Lytham Hentage Group and the
Friends ol the Lylham Institute lo ensure that the Lylham Institute has a sustainable fLslure a5 a community
838et.
Page 4

LYTHAM TOWN TRUST LIMITED
IA Registered Charity and a Company Limited by Guarantee)
REPORT OF THE TRUSTEES (CONTINUED)
YEAR ENDED 31 DECEMBER 2023
Future developments
Assembly Rooms- Work will b8 undertaken lo remedy water ingress and improve drainage on a fial roof and
there are proposals to re-render the wall in the car park.
LyÉh8m Hall- Since the year end a proto¢ol has been agreed for the approval of landlord's consents and
consents have been granted for the following work5."
Inslallalion of solar panels on the inner roof glevations
Additional parking and drainage improvements
Resloralion and renovation ol the Gardenerfs Cottage to provide holiday accommodat￿n
Lytham Institute~ Fylde Council has confimied that funding has been secured for a feasibility study on which
business plan and applications for hjnding for the resloralion of the building can be based
Olrectorn. r•8ponslbllltlM lor lh• accounts
The Irusl8es (who are also dir8clors of Lylham Town Trust Limited for thè purpo￿ ofeompany lawl arè rèsptsnsiblé
for prepafing the Trustees, Annual Report and the financial slalements in accordance with appli¢abb law and Unitgd
Kingdom Accounkn"ng Standards Iunrted Kingdom Generalty Accepted AeLountsng Prathce).
Company law requires the Uirectors to prepare finanual statements for each financial year. which give a true and
fair view ol the stale of affairs of the chantabie company and of the incoming resources and application of resources,
including the income and exFendilufe. of the chantable company for that period. In preparing these financial
ststemènts, the trustees are r8quir8d to".
select surtable accounting polties and then appty them eth*$tenlly,'
observe the methods and principles In the Chanties SORP 2019 IFRS 1021.,
make judgements and eslimales that are reasonable and prudent,.
State whether applicable UK Accounting Standards have been folliJved. subject to any malenal departur8S
disclosed and explained in th8 financial slatemenls".
prepare the financial statements on the going wncem ba$is unless it 18 inapproprkqte to presuffÉ that the
charitable company will continue in operation.
The direclots are resrthsible for keeping adequate acc(yJntsng records that disclose wrth reasonable accuracy al
any tr'me the financial posf(ion of the chantable company and enable them lo ensure that the financial slalements
comply with the CompanÈs Act 20CE. They a￿ also responsible for safeguarding the assets of the charitable
company and hence for taking reasonab￿ steps for the preventson and detethn of fraud and other irregularityés.
In so far a5 the directors are aware..
there is no relevant audit inf0m1at￿n of which the company's auditors are unaware,. and
the dI￿lorS have taken all steps that they ought to have taken lo make themselves aware of any relevant
audit infomation and lo èstablish that t￿ auditor is aware of that infomiation.
Page 5

LYTHAM TOWN TRUST LIMITED
IA Registered Chafity and a Company Limited by Guarantee)
REPORT OF THE TRUSTEES (CONTINUED
YEAR ENDED 31 DECEMBER 2023
Audltor4
Ashworth Treasure have indicated that they do not wish to te ￿ap￿01nted because of their lack of charity expertise.
The tnJstees will accordingly be going through a sejgction prccess to appoint new auditors.
SCKItt
Secretary
Page 6

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
LYTHAM TOWN TRUST LIMITED
Oplnlon
We have audited the financial statements of Lylham T¢)wn Trust Ltd for the year ended 31 December 2023 which
comprise the Statement of Financial Activities. the Ststement of Histofical Cost Surpluses and Deficits. the
Balance Sheet and the related notes. The financial reportsng framework that has been applied in their preparation
is applicable law and United TrQngdom Aexountsng Standards Iunited lQ"ngdom Generally Accepted Accounting
Praelicel.
In our opinion the financial state￿￿1$..
glve a true and fair vlew of the state of the ¢hariiable company's affairs as at 31 December 2023, and of fts
incoming resources anci application ol resources, Includirsg its Incomè and èxpenditure, for the year then
ended..
have been properly prepared in accordance wrth Unrted Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
B••l# lor oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and appliGable
law. Our responsibilrties under those standards are further de$en￿d In the Auditor's responsibilities for the audit
of the financial slalemenls section of our report We are Independent of the ¢hanlable company in accordance
wrth the ethical requirefflenls that a￿ ￿levant to our audit of the financial statements in the UK. including the
FRC'S Ethical Standard, and we have fvlfilled our other ethical responsibilities in 8ccordance with these
requirements. We believe that the audit evidence we have obtained is 5uffi¢ient and appropriate to provide a
basis for our opinion.
Coneluilonl rnlatlng to qolng concern
In auditing the financkgl stal6m6nts. wè hove ￿ncluded that the trustees, u8e of the going concem ba8is ol
accounting in the preparation ol the ffinancial slateffenls is appropriate.
Basèd on the work we have pertorffed. we have not idenlffied and material uncertainties relating to events or
conditions that, Individually or colleclivety. may cast significant doubl on the Charitable wmpany s ability lo
continue as a going concern for a period of at least ￿e1ve months from when the financial statements are
aulhorised for i55ue.
Our ￿SpOnsIbl11t1e$ and the responsibilrties of the truttees with respect lo going concern are described in the
relevant sections of this report.
Other Inforniatlon
The other information includes the lntom7al￿n contained in the trustees, annual report. other than the financial
slalèmènts and our auditor's ￿pOrt Ihereon. The Iruslees are responsible for the other information. Our opinion
on the financial statements does not cover the other information and, except to the extent olhetwise explicitly
slated in our report, we do not express any form of assurance conclusion thereon Our responsibility is lo read
the other information and, in doing so, consi¢Jer whether the Olher information Is maierially Inconsisieni with the
financial stslements or our knowledge obtsined In the audit or othe￿iSe appears to be materially misstated. 11 we
identify such material inconsistenc￿5 or apparent material rnisstalernents. we are required lo determine whether
there Is a material mi5s1aiement in the financial ststements themselves If. based on the work we have performed.
we conclude that there is a material misstalemenl of this other infomiab"on, we are required to report that tacl.
We have nothing to report in this regard.
Page 7

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
LYTHAM TOWN TRUST LIMITED
CONTINUED
Oplnlons on other matters presGTibed by the Companies Act 2006
In our opinion, based on the work undertaken in the cnurse of the audit..
the information given in the Iruslees. report for the financial year for which the financial stslements are prepared
is consistent with the financol statements,.
Mattels on whlch we are requlfed to report by exceptlon
We have nothing lo report in respect of the following matters in relation lo whKh the Companies Act 2006 requirgs
us lo report to you if, in our opinion-.
adequate accounting records have not been kept, or retums adequate for our audit have not been received
from branches not visited by LIS, or
the financial statements are not in agree￿fit with the accounts.ng records and retums,. or
certain disclosures tsf directors, remuneration specified by law are not made". or
we have not received all the information and explanations we require for our audit.
Responslbllltlm of trustee•
As explained more hjlly in the trustees, responsibilit￿ ststement set out on page 5. Ihe Iruslees (who are also
the dire¢lors of the charitable company for thè purposes of company lawl are responsible for thè preparation of
the financial stslemenls and for being satisfied that they give a true and fair view. and for such internal control as
the Iruslegs determine is necessary to enable the preparats'on of financial statements that are free from matenal
rnisstslemenl, whether due to fraud or error.
In preparing the financial slatemenls. the Iruslees are responsible for assessing the charitat•le company's ability
to continue as a going concem, disclosing. as appli¢able, matters ￿lated lo going concern and using the going
concern basis of accounting unless the Iruslees either intend to liquidate the charitable company or to cease
OP8ralions, or have no realistic ahernatNe but to do $0.
Audltor'8 r•8pon8lbllltle8 for tho audbt ol the fln•n¢lal statements
Our otyjeclwes are lo obtain reasonabl8 assurance about whether Ine flnanc¢al statements as a whole are free
from material misslalement. whether due lo traud or error. and to Issue an auditor's report that includes oui
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will a￿vayS deleel a material misslatemenl when it exists. Misslatemenl$ can arise
from fraud or error and are considered material if, individually or in the aggreg3le. they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial slatemenls.
Irregulanlies, Including fraud, are Instances of non-compliance wrth laws and regulations. We ¢Jesign proceoures
in line with our responsibilities. outlined above, to deteel material misstatements in respect of Irregulanlies,
including fraud The specific procedures for the engagement and the extent to which these are capable of
deleclin9 irre9ularities, in¢ludin9 fraud Is detailed below.
enquiry of m8na9ement and those charged wrth governance 8round actual and potential litigation and
claims,
enquiry of the charities staff, management and those charged wilh govemance to identsfy any instances
of non-compliance with laws and regulation5.
reviewing minutes of meetings of those Charge wth governance.
reviewin9 financial statement disclosures and lesling lo supporting documentation to a55e55
Compliance with applicable laws and fegLslations,
auditing the risk of management ovemde of controls. including lesling of journal entries and other
adjustments for appropriateness. and evaluating the business rationale of significant transactions
outside the normal course of busine5S.
Page 8

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
LYTHAM TOWN TRUST LIMITED
CONTINUED
A further descflption of our responsibilities for the audit of the financial stslements is located on the Financial
Reporting Council's website al.. ww.ftc.oig.uklauditorsresponsibililies. This descnplion forms part ofour auditor's
report
This r8POrt is made solely to the chanlab18 company's members. as a trx)dy, in accordance with Chapl&r 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
company's members those matters we are required to state lo them In an auditor'5 report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the
charitable company and the charrtable company's members as a b>Jy, for our audit work, for this report, or for
the opinions we have formed.
An audit involves obtsining evidence about the amounts and disclosures in the financial slalements sufficient lo
give rtasonable 88surance that the fin8n¢i81 statements art free from mateftal mi88latemenl. whether Caused by
fraud or error This Includes an assessment of. whelhef the accounting policies are appropriate to the charitable
company's circumstances and have been consisieniiy applied and adequately disclosed,. the reasonableness of
significant accounting estimates macle by the Irustee$", and the overall presentation of the financial stslements.
In addition, we read all the financial and non-financial information in the Trustees. Annual Report to identify
material inconsistencies with the audiled financial statements 11 we become aware of any apparent material
mis$tal&menl$ or in¢onsisten¢ie$ we ¢onsid•r th• impl¢alion$ for our r8POrt.
Anthony Coon•y IS•nlor St•tutory Audltorl
for and on behalf of Ashworlh Treasure Limited
Statutory Auditors
17-19 Pafk Street
LYTHAM. Lancashire, FY8 SLU
SiloJA/ 21)4
Page 9

LYTHAM TOWN TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI
YEAR ENDED 31 DECEMBER 2023
Re8trOcted
Fut)d
Lytham
Hall
unr￿trIcted
Fund8
G•n•r•l D￿19n*t•d
R•strict•d
End¢wm•nt
Fund
Nole
2023
2022
Incornlng rgoourcos
Donations
Investments
Charitable activities
5,000
104,600
29.860
114,102
33.347
24,719
138,821
108.348
75.001
Total Incomlng
re8ource8
147,449
24.719
75,001
247,189
139,460
Re8ource8
expend
Raising lunds
Charitable activities
15,887
46,721
1,320
40,000
17.207
167,770
15,755
45,318
81,049
Total r•60ur¢e•
gxpended
62,608
41,320
81,049
184,977
61,073
Nel incomingllout90ing}
resources before
revaluations. Investment
disposals and transfers
84,841
{16.6011
16.048}
62,192
78.387
Realised gainslllosses)
Unrealised gainslllosses)
10b
744
35.567
744
35,567
14761
141,9151
Nel
in¢omellexpenditurel
84,841
19,710
16.0481
98,503
35,996
Transfers ba￿08n
funds
16,0101
5.000
1,010
15
Net movornent In
funds
78,831
5,000
19,710
15.0381
98.503
35,996
Total lunds brought
forwar
993.229
390.000
786.242
960. 151
3.129,622 3,093,626
Total fund$ carrled
forward
1,072,CÉO
395,000
805.952
955,113 3.228,125 3,129,622
All of the above results are derived from contsnuing activilies. All gains and losses recognised in the year are
included above.
The notes on page$ 15 to 22 form part of these accounts.
Page 10

LYTHAM TOWN TRUST LIMITED
BALANCE SHEET
YEAR ENDED 31 DECEMBER 2023
Note
2023
2022
Flxed assets
Tangible fixed assets
Investments
10a
10b
1,739.898
805,952
1,743,940
786,242
2.545,850
2,530,182
Current assets
Debtors and Pfepayments
Loans
Cash at bank
48,462
31,202
75.000
590,973
12
650,181
698.643
697,175
Credltorn - Amounts falling due
within one year
Unexpended grant
Accruals and oth•r er•ditore
13
14
75,000
22,735
18,388
16 368
97,735
N•t eurr•nt a•••ts
682,275
599,440
Total as$ets1gs$ Ilab1111106
3,228,125
3,129,622
Funds
Unrg$trlct•d
General
Revalualion reserve
556,674
515,388
477,843
515,386
15
15
1,072.060
395.000
993.229
390,000
Designated reserves
1.467.060
1,383,229
Ro$trfcted
Endowment Fund
Lytham Hall
16
16
805,952
955.113
786,242
960,151
3,228,125
3,129,622
The notes on pages 15 10 22 fomi part of these accounts.
These accounts were approved by the Directors on 13bK and signed on their behalf by
D K Gill Chainnan
Company Registratlon No. 2523744
Page 11

LYTHAM TOWN TRUST LIMITED
ACCOUNTING POLICIES
YEAR ENDED 31 DECEMBER 2023
Accountlng policies
Basls of accountlng
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared
in accordance with Accounting and Reportt'ng by Charitr"es.' Statement of Recommended Practice applieable to
charili8s preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and
Republ￿ of I￿land IFRS 1021 issued on 16 July 2014. the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland IFRS 1021 issued in October 2019, the Chanties Act 2011, the Compan185 Act
2006 and UK Genefally Accepted PraclKe as Il applies from 1 January 2015.
The significant accountsng policies aPpl￿d in the Pfeparation of these financial statements are set out below.
These policies have been consistently applied lo all years presented unk%ss otherwise stsled.
Going concorn
The financial statements are prepared on a going concem basis under the historical cost convention, modified to
include certain items al fair valuè.
The financial $tstemenls are prepared in sterfing which is the functsonal currency of the charity.
Incomlng re8our¢e•
All incoming resour¢e$ are included in the SOFA when the charity Is legalty enlilled to the incnme and the amount
can be quants'fied with reasonable accuracy.
For legacies. enlitlernent Is taken as the earlier of the date on wh￿h either the charity is aware that probate has
been granted, the estate has been finalised and nolificalion has been made by the executorlsl lo the Trust that a
distribution will b• made. or when a distribution is ￿e1Ved from the estate Receipt of a legacy. in whole or in
part. Is only considered probable when the amount ean be measured reliably and the charity ha$ been notified of
the executor's intention lo make a distnbulion leg8¢ie$ have been notified lo the charity or the ¢h8rity 18
aware of the granting of probate and the cntefia for InGonR recognition have not been met, then the legacy is
treated as a eonlingent asset Bnd dis¢losed If material The Wies are eTediied 10 the general lund unless ttte
legator indicates a spttifi¢ bequest.
Capital grants and donations are induded in incr1n￿ in the pericrfj in whth the eXpendrtU￿ they are intended lo fijnd
is incurred
Resourc08 oxponded
Expenditure Is re¢ognised when a liability is incurred Contractual arrangements are recognised as goods or
services are supplied. Other payments ale recognised when a con51ruclive obligation arises that results in the
payment tyeing unavoidable.
Expenditure on raising funds comprises investment management costs. Charitable activrties expenditure
comprises those costs Incurred by the charity in the delivery of its activities and services for ils beneficiaries
Governance costs are those incurred in the operation of procedures and associated with the decisions making,
performance and control of the organisalion. with providing structures lo give rt overall direction to the organisalion
and lo satisfy the expectslions of accountability to those outside Il. Also included are costs with meeting the
conslitulional and statutory requirements and inspection. Support costs are those costs which enable fund
generating and charitable actsvitses to be undertaken.
Page 12

LYTHAM TOWN TRUST LIMITED
ACCOUNTING POLICIES (CONTINUED)
YEAR ENDED 31 DECEMBER 2023
Fixod assets
T•ngiblo
The cost of fixed assets is depreciated on a 5traighl line basis at the folknving rates-.-
Freehold buildings
per annum
Fixtures and equipment 10% ter 3nnum
Improvements to long ￿aseho￿ propety 5% per annum
Lytham Hall is a Grade 1 listed building and is being maintained in a good stste of repair. Clifton Portfolio controls
several properties which are let and also maintained in a goc*J state of repair. The directors consider the
depreciation rale lo be appropriate.
Investments
Inve51menls are initially recognised at their transactw value and subsequentty measured at their market value
as at the balance sheet dale. The stslemenl of financial activities Includes the nel gains and losses arising on
reValuat￿n and disposals throughout the year.
All gains and losses are taken lo the statemènt of financial aelivili@s as they anse. Realised gains and lossés on
investments are calculated as the difference betAeen sales proceeds and their opening carrying value or their
purchase value If acquired subsequent lo the first day of Ihe financial year Unrealised gains and losses are
calculalerj as the difference be￿een the fair value at the year end and their carying valu8. Realised and
unrealised Investment gains and losses a￿ combined In the Statement of Financial Activities,
Investment propertlè8
Investment properties for which fair value can be measured reliably wilhoul undue cost or effort are measured at
fair value at each reporting date wilh changes in fair value recognised in 'nel gaIn￿{lo$se$l on investments, in the
Statement of Financial Aciivilies. The directors are satisfied Ihal the value of the proFerties is not maleria11y different
lo the current OFen market value. DepreC￿l￿)n ts not provided in respeel of freehold Invesltr*nl woFertiès.
D•btorn
Trade and other debtors are recognised al the settlement amount due after any trade discount offered
Prepayments are valued at the amount prepaid net of any trade discounts due.
Crodltors
Creditors are recognised where the chanty has a present obligatson ￿suIts.ng from a p83t event that will prob8bly
ull in the transfer of funds lo a third paty and the amount due to settle the obligation can be measured or
estimated reliably. Cre(litors are normally reccgnised at their settlem8ni amunl aft&r allowin9 for any tradè
discounts due.
Conce831onary lo•n8
Concessionary loans inelude those receNable and payable to thir(I partt.es which are infrrest free or below market
interest rates and are made lo advance charrtable purposes. All loans are repayable on demand within one year,
the loan is measured al cost. less impairment. Where the loan is repayable more than one year, the loan is initially
measured at fair value and subsequenlly measured al amrtised Cost using the effective interest rale method.
less impairment.
Flnanclal Instruments
The charity only has financial assets and financial liabilibes of a kind that qualify as basic financial inslruments.
Basic financial instruments are initialty recc>Jnised at transaction value and subsequently measured at their
settlement value.
Page13

LYTHAM TOWN TRUST LIMITED
ACCOUNTING POLICIES ICONTINUEDI
YEAR ENDED 31 DECEMBER 2023
Taxation
The charity is exempl from corporatson tax on rts charitable actsvrties
Fund •c¢ountlng
Unr851ricted funds can be used in accordance with the charitable objectives al the discretion of the trustees.
Designated fvnds comprise unrestn'cled funds that have been set aside by the trustees for particular purposes.
Reslricled funds can only be u3ed for parti¢ular restricted purposes within the objects of the charity. Restrictions
arise when specific by the donor or when lunds are raised for Pa￿cular reslricled purposes
Thè eost of raising and administering such fvnds are charged against the specific fvnd.
Doslgnat•d lund•
A88embly Rooms R•palrn
Amounts are appropriated from the Accumulated Fund at the discretion of the Board to m8•1 thé longer
term maintenance of the Assembly Rooms. The annual Iransler is made in accordance with the
maintenance plan.
Horlt•g• Property
This has been set aside from a propety sab lo holp pro￿1v8 buildings of architectural and historical
interest in Lylham.
Further explanation of the nature and purpose of each fund is included in th& notes 10 the financlal slatemenls.
Ca•h flow gbtatem•nt
The Company has not prèpared a cash IIN Statement as part of the fin8ne￿I SIateff￿nts, having taken advantage
of the exemptions from preparing such a statement on the grounds Ihal it qualifie6 as a small company.
Slgnlflcant •$tlmat•8 and Judg•m•nts
In the application of the charity's accounting policies, the trustees are required to make judgements, eslimale8
and assumptions about the carrying amount of assets and Iiatsililies that are not readily apparent from other
sources. The Iruslees do not believe that there are any estimates or assurnpbons which have a significant nsk of
causing a material adjustment lo the carrying amount of assets and liabilities.
Page 14

LYTHAM TOWN TRUST LIMITED
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles
The financial staterr*nts have been prepared in accordance with the accounbng policies sel out on pages
12to 14.
T•x•tlon
The company is a regisiered charity and exempl from c0rWrat￿n tax.
Income Irom donatlon•
R•¥trlct•d
Fund$
Lytham
Hall
Unre8tricted
R￿tricted
Fund D••ign*ted Endowment
G•MAI
Fund
Fund
2023
2022
Donations
5.000
Total for 2022
s.000
5,000
Ineome from Inve8tments
Re8trlcted
Fund•
Lytham
Hg411
Llnr••trl¢t•d
RMtrlct•d
Fund D••ign#tgd Endowmènt
¢ngr•l
Fund
Fund
2023
2022
Rents receNed
Bank Interest
DIV￿endS
90.553
23,549
90,553
29,741
18,527
84,887
9,091
10,622
6,192
18.527
Total for 2023
114.102
24.719
138,821
104,600
Total for 2022
91,139
13.461
104,600
Page 15

LYTHAM TOWN TRUST LIMITED
NOTES TO THE ACCOUNTS {CONTINUEDI
YEAR ENDED 310ECEMBER 2023
Income Irom charltable activities
Restricted
Fund¥J
Lytham
H•ll
Unrn8trlci¢d
ft￿trICted
Fund L)•sign¥ted Endowmènt
Gener•1
Fund
Fund
2023
2022
Room hire
Recharged
Insurance
Service charges
Car park fees
Grant written off
Rental income
11,639
11,639
12,310
2,332
12,826
6.550
2,332
12,826
6,550
75,000
2,111
9,800
5,638
75,000
Total for 2023
33.347
75,001
108,348
29,860
Totsl lor 2022
29,859
29,860
Expendltur• on rahlng funds
RMtrlct•d
Fund•
Lytham
H*ll
Unrn•trtcted
R••trlct•d
Fund DMign•t•d Endowm•nt
G•n•r•l
Fund
Fund
2023
2022
Investment
management
costs
15,887
1.320
17.207
15,755
Totsl for 2023
15,887
1,320
17,207
15,755
Total for 2022
14,795
960
15,7S5
Page 16

LYTHAM TOWN TRUST LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2023
Analysls of oxpondlturn on charltable actlvltles
Assernbty
Rooms
Lytham
Hall
2023
2022
Wages and National Insurance
Gardening
Cleaning
Repairs and renewals
Telephone
Heat. light and water
Insurance
Audit fee
Accountancy
Professional fees
Loan written off
Contnbulion lo drainage project
Sundnes
Depreeialion..
Buildings
Fixtures and fith'ngs
5.400
1,709
5.694
4,112
937
13.227
5.638
2.500
4.800
783
5,400
1,709
5,694
4,112
937
13,227
5,638
2,500
4,800
1,794
75,000
40.000
276
5,400
2,391
5,440
623
859
6,479
7,496
2,770
2,096
5,330
1,011
75,000
40.000
278
388
5,038
5.038
1,645
5,038
1,008
1,645
46,721
121,049
167,770
45,318
R••tdcted
Fund•
unr￿l-
rf¢t•d
Fund Oe¥lgnated endowment
G•n•r*i
Fund
Fund
Rutrlct•d
Lytham
Mall
2023
2022
Management of
Assembly
Rooms
Lytharn Hall
Governance
costs Inole 81
44,221
44.221
121,049
37,410
5,138
40,000
81,049
2,500
2,500
2,770
Total for 2023
46,721
40,000
81,049
167,770
45,318
Total for 2022
40.180
5.138
4S.318
Page 17

LYTHAM TOWN TRUST LIMITED
NOTES TO THE ACCOUNTS (CONTINUED
YEAR ENDED 31 DECEMBER 2023
Governance costs
2023
2022
Audit fee
2,500
2,770
Trustoe8 remuneration
The charity trusteès were not paid or received any other benefits from employment with the charity In the
year12022.' £nill neither were they reimbursed expenses during the year12022. £Nill No charity Iruslee
received payment for Professional or olhef seNi¢es supplied lo the ¢harity12022.' £NIll.
10
{a} Tan9lbl• fix•d assets
Fr¢•hold
L•nd and
bulldlngl
InvMtrn•nt Flxturn• and Improv•m•nt
proport1￿ Equlpm•nt
to property
Total
Co•1 or ¥alu•tlon
At 1 January 2023
Disposal
Revaluats'ons
Additions
1.007.660
842,000
47,214
22,291
1,919,165
2.641
2,641
At 31 Dec•mb•r 2023
1,007,660
842,000
49.855
22.291
1,921,806
Depr8¢lallon
Al 1 January 2023
Depreciation on disFosals
Charge for Ihe yeaf
11 S,874
37,060
22,291
17S,225
5.038
1,645
6,683
At 31 Docomber 2023
120,912
38,705
22,291
181.908
Net book v•luo
At 31 Oecember 2023
886.748
842.000
11.150
1.739.898
Al 31 Oecember 2022
891,766
842.000
10.154
1,743,940
No value has been attributed lo the Tru5Ys 125 year lease of the Assembly Rcoms.
The investr￿nt properties were re-valued by Bushells & Benstead, Chartered SuTveyor5. at 31 December
201Q and, in the opinion of the iJirKtors, thore has been Materi￿ ¢han9e in value Sin￿ that date.
Page 18

LYTHAM TOWN TRUST LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2023
10lbl Investments
2023
2022
Market value at 1 January 2023
Additions lo Investments at cost
Disposals al carrying va5ue
Net Investment gainWllosses)
473.958
151.420
130.4931
34.g91
430,637
130,670
144.9581
142,3911
Market Valu? at 31 December 2023
629,876
473,958
£29,749 inv8Stm8nts al cost wer8 sokl
dunng the year12022.' £45,434)
2023
Market
valu•
2023
2022
Market
valu•
2022
Co8t
Co8t
Investments comprise..
Unitised and common investment funds
Ca3h and cash equiv8lenls
629.876
176,076
S9S.411
176.076
473.958
312.284
474,936
312,284
805,952
771,487
786,242
786,242
D•btorn •Thd pr•paym•nt•
2023
2022
Rent receivable
Prepayments
Other debtors
2,538
1,604
44,320
6,550
2.127
22,525
48,462
31,202
12
Conce•8lonary loans rncelvabl•
2023
2022
Heritage Trusl for the North West
75,000
Following acceptsnce in May 2023 by Fylde Council that expenditure incurred on the Colle¢tron by HTNW
fully met the criteria ol the grant lo Lylham Town Trust thi5 loan was deemed lo have been repaid in the
year ending 31 December 2023.
Page 19

LYTHAM TOWN TRUST LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2023
13
Unoxpended grant
2023
2022
Fylde Borough Council
75.000
The Council agreed in May 2023 that the grant had been appl￿￿ lo its original pUry￿Se
14
Creditorn: Due within l••s than on• y•ar
2023
2022
Rent rKeivable in advan
Accwals
3,950
12.418
6.550
16,185
16.368
22.735
16
Unr•8trlctod fund$
Brought
loThiard at
1Jan
2023
Carrl•d
lorward at
31 Doc
2023
GalnB and
Transfer8
In¢om•
Ex￿ndIture
General UTrre8tfl¢l￿ fund8
993,229
147,449
162,6081
16.0101 1,072,060
Oe81gnatod funds
Assembly Rooms
Hentage Propety
15,000
375,000
5,000
20,000
375,000
Tolal dMlgnated fund8
390.000
5,000
395.000
Total fund•
1,383,229
147.449
(62.6081
11,0101
1,467,060
The general lund represents the free fvnds of the trust which a￿ not designale¢y lor a particular purpose.
2023
2022
Total funds Total fufids
Represented ty.
Tangible fixed assets at cost less depreciation
Revaluation of tangible fixed assets
Net current assets less current liabilrties
337,764
515,386
613,910
336.768
515,386
531,075
1,467.060
1,383,229
P8ge 20

LYTHAM TOWN TRUST LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENOED 31 DECEMBER 2023
15
Unrestricted fund8 Icontinuedl
Doslgnated fund8
Assembly Room6 ropalr8
Amounts are appropnated from the Accumulated Fund at the discretion of the 8oard to meet the longèr
term maintenanGe of the Assembly Rooms in a￿Or￿anCe with Ihe maintenanre plan.
Horltago Property
This ha$ been sel aside from a property sale to provide funding lo help preserve buildings of ar¢hile¢tural
and historical Interest In Lylham.
2023
2023
Assembly Herltage
Rooms
Property
2023
2022
Total
Tot•1
1 January
31 December
15.000
20,0
375,000
375,000
390,000
395.000
210.000
390.000
Represented by
2023
2022
Net currenl assets
39S.000
390,000
395,000
390.000
16
R•itrlct•d fuThd•
Brought
forward at
1Jan
2023
Carried
forwarfl at
31 D8C
2023
Galn81
(lo•se$>
Incorn• Expenditure
End¢)wment
Lytham Hall
786,242
960. 151
24,719
75.001
141,3201
181,0491
36,311
1,010
805,952
955,113
1.746.393
99,720
1122.3691
37,321
1,761,065
Endowment Fund
Repr8senled by
2023
2022
Investments
Nel current asselsllliabilities)
Cash deposits
629.876
473,958
176,076
312,284
05,952
786,242
Page 21

LYTHAM TOWN TRUST LIMITED
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2023
16
Re8tr1cted funds {contlnu•dl
Lytham Hall Fund
R&presented by
2023
2022
Tangible fixed assets
Current assets less Current liabilities
886,748
68,365
891,786
68,365
955,113
960,151
The Endowment Fund is a permanent endowment for the benefst of Lytham Hall the income from which
is applied towards prOje￿S al Lytham Hall. A￿e$S lo the capital become5 available in the event of the
lease of Lylham Hall to Heritage Tnjsl for the North Wesl Ltd being lerminaled or after the expiry of eighty
yeafs from 1 January 2005.
The Lytham Hall fund represents the donations originally received lo enable the purchase of Lytham Hall
less deprècial￿n charged since acquisitron and includes an unspent wacy of £5,00012022. £5,000>
17
Capltal commltments
The Company had no contracted capital commitments at 31 December 202312022.. None).
18
Dlrectorn and •mployMs
2023
2022
The Trust had I part limè equival8nl employee during the year12022.' 1 part tim81
The employees, costs amunt to
Salary
Social Security costs
5,400
5,400
5,400
5,400
There are no employees who receivéd total employee benefits of more than £60,00012022 .' none).
19
Reloted p•rty tran$•¢tlon8
Rent of £1 is payable by The Herrtage Trust for the North Wesl for Lylham Hall and Lylham Town Trust
made no donations to Heritage Trust lor the North West in the ye8r12022". £Nill.
Al 31 December 2023 the loan outstanding from Herrtage Trusl for the North Wesl of £75.000 had been
Written off12022. £75,000).
20
Control rnlatlonshlps
The company 15 undef the ¢ontrol of the direclors.
Page 22