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2021-12-31-accounts

TAYLOR NEWTON AND HIBBERT CHARITY TRUST

ACCOUNTS FOR THE YEAR ENDED

31ST DECEMBER 2021

CHARITY NUMBER : 1061643

TAYLOR NEWTON AND HIBBERT CHARITY TRUST

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

CONTENTS

Income and Expenditure Account

Balance Sheet

Notes to the Financial Statements

Trustees Annual Report

Independent Examiner's Report

Page I PAGE 4,5&6 7,8&9 10

TAYLOR NEWTON AND HIBBERT CHARITY TRUST

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2021

INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST DECEMBER 2021
RECEIPTS
Bank Interest
Investment Income
Grazing, Rents and Wayleave
TOTAL RECEIPTS
PAYMENTS
Buildings Insurance
Property Repairs
Property and Grazing Letting Fees
Trustee Expenses
Property and Grazing Advertising
Accountancy Charges
Rates, Water and Electricity
Sundries
Legal and Professional Fees
(DEFICIT)/SURPLUS AVAILABLE
FOR DISTRIBUTION
Grants and Doles Distributed
Transfer to Endowment Fund
(DEFICIT)/ SURPLUS OF RECEIPTS
OVER PAYMENTS
Increase in Land and Building Valuation(See note 3)
Gains on Investments (See note 4)
Transfer to Revenue Fund		 2189
22935
2947
77
0
918
0
0
300
4500
1000		 2021
138
3456
22601		 2021
26195
29366
-3171
5500
-8671
215000
16697
223026

Page 2

2020

532 3389 21771 25692

2088 9589 2839 0 0 900 0 13 0 15429 10263

8516 1000 9516 747 - 7075 7822

TAYLOR NEWTON AND HIBBERT CHARITY TRUST

BALANCE SHEET
AS AT 31ST DECEMBER 2021
FIXED TANGIBLE ASSETS
Land and Buildings per valuation
Investments at market value
CURRENT ASSETS
Community Account - Barclays Bank
High Interest Account - Barclays Bank
Santander Bond
Debtors and Prepayments
Cash in Hand
CURRENT LIABILITIES
Creditors and Accruals
TOTAL NET ASSETS
FUNDS
CAPITAL FUND
Balance at 1st January 2021
Balance at 31st December 2021
REVENUE FUND
Balance at 1st January 2021
Add: Surplus of Receipts over payments
Balance at 31st December 2021
Approved by the Trustees on 30th June 2022.
TRUSTEE
Mrs G.A. Brierley
TRUSTEE
Mrs M.A.E.T. Clitheroe
TRUSTEE
Mr J.E. Brierley
Less:
Loan from Capital Fund to Revenue Fund
Add:
Repaid in the Year		 NOTES
3
4
 45686
131490
50000
-
-
227176
15222
506415
(15970)
490445
1000
562135
223026		 2021
930250
134402		 2021
1064652
211954
1276606
491445
785161
1276606

Page 3

2020

715250 117705 832955

43042 131477 50000 - - 224519

4894 219625 1052580

490445

562135 1052580

TAYLOR NEWTON AND HIBBERT CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

1 PRINCIPAL ACCOUNTING POLICIES

a) Accounting Convention

The financial statements are prepared under the historical cost conv by the inclusion of investments at market value and in accordance w Commission guidance

b) Investment Income

Investment Income consists of income received in the year.

c) Resources Expended

Expenditure is included on an accruals basis

Grants payable are charged in the year when the offer is conveyed to

d) Fixed Asset Investments

Investments are valued at the middle market price at the close of bu December 2021.

Land and Buildings were valued by Ulverston Auction Mart Property (rebranded - previously Harrison Coward Valuer and Estate Agents o on 25th October 2021

Gains/(Losses) arising on revaluation are credited/charged to the Inc Expenditure Account.

Page 4

vention as modified with Charity

o the recipient.

siness on 31st

y of Ulverston)

come and

TAYLOR NEWTON AND HIBBERT CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021 (Continued)

Myles Taylor Charity Trust

b) Lot Number
1.00
2.00
3.00
4.00
5.00
Total
Allotments Field		 Location
Hollow Lane
Windermere Road
Poor Lindale
Skinner Hill Paddock
Back o' the Fell		 Area (Acres)

3.64
5.40
1.40
0.66
13.07
24.17
0.76

Formerly Myles Taylor Charity Trust

Lawrence Newton Charity Trust

Lawrence Newton Charity Trust
Blue Cross Field
Poor Closes
Ornamental Ground
Formerly Lawrence Newton Charity Trust		 1.73
3.00
0.22
4.95

The land and property was valued by Ulverston Auction Mart Property (reb Harrison Coward Valuers and Estate Agents of Ulverston) on 25th October

The previous valuation, carried out on 24th July 2012 was £715,250.

Page 5

llowing three charities:-

41 50 39 stitute Charity

s follows:-

Valuation

25500.00 38000.00 11250.00 7500.00 90000.00 172250.00 4500.00 325000.00 420000.00

921750.00 1500.00 4500.00 2500.00 8500.00 930250.00

randed - previously 2021.

TAYLOR NEWTON AND HIBBERT CHARITY TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021 (Continued)

4 INVESTMENTS

Investments are all held by The Charities Official Investment Fund. The funds ar the COIF Income Shares.

the COIF Income Shares.
Myles Taylor Charity Trust
2027
Income Shares
80
Income Shares
2107
Income Shares at Cost
Lawrence Newton Charity Trust
327
Income Shares
172
Income Shares
499
Income Shares at Cost
Lindale Sick and Poor Fund
1222
Income Shares at Cost
Taylor Newton and Hibbert Charity Trust
 Market Value
12/31/2021
41689
1645
£2,027.00
43334
6725
3538
£3,175.00
10263
£1,222.00
25132
£25,000.00
55673
£31,424.00
134402
Cost
41689
1645
43334
6725
3538
10263
25132
55673
134402		 41689
1645
43334
6725
3538
10263		 6725
3538
25132
55673

2707
Income Shares
Total 6535
Income Shares at Cost

The increase in market value of £16697 is shown in the Income and Expenditure year ended 31st December 2021.

5 CAPITAL FUND

Refurbishment of Skinner Hill Farmhouse and the development of Skinner Hill Ba Shippon into two residential units, was financed by authorised borrowing from th Fund, repayable at the rate of £1000 per year from annual income.

Page 6

e invested in

Market Value 12/31/2020

36509 1441 37950

5890 3098 8988

22010

48757

117705

Account for the

arn and he Capital

TAYLOR NEWTON AND HIBBERT CHARITY TRUST

ANNUAL REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2021

AIMS AND OBJECTIVES

This report covers the period from 1st January 2021 to 31st December 2021. It i report of the Charity which was set up by a Scheme sealed by Order of the Char 23rd October 1996. The objects of the Charity are to apply the income of the Ch generally or individually persons resident in the Parish of Lindale and Newton-in conditions of need, hardship or distress, by making grants of money or providing services or facilities calculated to reduce the need, hardship or distress of such income is not required in any year for this purpose it is applied for such charitab general or individual benefit of the inhabitants of the Parish of Lindale and New as the Trustees shall think fit.

APPLICATION OF INCOME

Having defrayed the cost of maintaining the Charity properties and of the admin donations were made to local causes. Assistance was given to the following loca purposes and for the general benefit of the inhabitants of the area of benefit. Gr the cutting of grass at Lindale churchyard for the general benefit of parishioner bodies outside the parish but for the potential benefit of parishioners as follows: Foundation; St Mary's Hospice; Springfield Women's Refuge; North West Air Am North West Blood Bikes.

MANGEMENT OF CHARITY LAND AND BUILDINGS

The Trustees continued to instruct Ulverston Auction Mart Property (rebranded as agents for letting and managing the land and properties owned by the Charity regularly. The grazing land continued to be let on 2-year grazing agreements. Th Skinner Hill were occupied on assured shorthold tenancies during 2021. The Tr of Electricity Northwest on 5th December 2019 to discuss the wayleave agreem by the trust. New agreements and rents are being negotiated, the wayleaves hav await completion of the lease for the substation. A number of repairs on the prop the year. 2 Myles Taylor Barn required new fans in the kitchen and bathroom. S replacement doors and windows fitted. All three properties required five year el a considerable amount of remedial work had to be carried out. The septic tank w was deteriorating and delaminating so required replacing with a new treatment legislaton. All of the allotments owned by the Charity were eventually occupied f and land is now registered with the Land Registry and email alerts in place. The upgrading of the properties has been affected by the retrictions that were in pla

INVESTMENTS

The development of the Skinner Hill properties, completed by the Trustees in 19 income in 2021 to meet the charity's objectives. The income was reduced as som

tenants were furloughed as a result of the covid restrictions. The trustees had a this year. Cash is invested in a number of sound financial institutions.

TAYLOR NEWTON AND HIBBERT CHARITY TRUST

ANNUAL REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2021 (Continued)

MEETING OF THE TRUSTEES

There were five Trustees at the beginning and end of the reporting period, as fo Mrs G.A. Brierley Co-opted Trustee until 09/2022 - Chairman Mrs M.A.E.T. Clitheroe Co-opted Trustee until 12/2021 - Treasurer Mr J.E. Brierley Co-opted Trustee until 09/2022 - Secretary Mrs L. McClure Trustee nominated by Lindale and Newton in Rev'd G.T. Wilson Ex-officio Trustee, as replacement for Team R Peninsula Team Ministry, which includes the P

The Trustees manged to meet in person twice during the year and conducted a f because of the covid 19 restrictions.

The Chairman is elected annually by the Trustees. Mrs G. Brierley was re-electe Chairman. Mr J. Brierley acts as Secretary/Correspondent. Mrs A. Clitheroe act

TRUST ADVISORS

Bankers: Solicitors: Accountant
Barclays Bank plc Hart Jackson and Sons CWR Chart
Kendal - South Lakeland Group PO Box No 2 20 Mannin
PO Box No 25 8-10 New Market Street Lancaster B
9 Highgate Ulverston Caton Road
Kendal Cumbria LA12 7LW Lancaster
Cumbria LA9 4DF Lancashire

Page 7

is the twenty fifth annual rity Commissioners on harity in relieving either n-Cartmel who are in g or paying for items, persons. If and insofar as ble purposes for the wton-in- Cartmel

nistration of the Charity, l causes for charitiable rants were made towards s. Donations to : Rosemere Cancer mbulance and

996, produced a regular me rents were reduced when

revaluation of the properties

Page 8

llows:-

Cartmel PC until 05/2026 Rector for the Cartmel Parish of St Paul, Lindale. further two meetings by Zoom

ed to be ts as Treasurer.

ts: tered Accountants Way Business Park d

LA1 3SW

TAYLOR NEWTON AND HIBBERT CHARITY TRUST

ANNUAL REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2021 (Continued)

TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMEN

Law applicable to Charities in England and Wales requires the Trustees to prepa statements for each financial year which give a true and fair view of the Charity activities during the year and of its financial position at the end of the year. In pr financial statements the Trustees are required to:-

select suitable accounting policies and then apply them consistently;

make judgements and estimates that are reasonable and prudent;

state whether applicable accounting standards and statements of recommended been followed subject to any departures disclosed and explained in the financial

prepare the financial statements on the going concern basis unless it is inapprop that the Charity will continue in business.

The Trustees are responsible for keeping accounting records which disclose with accuracy at any time the financial position of the Charity and enable them to ens financial statements comply with the Charities Act 2011. They are also responsib safeguarding the assets of the Charity and hence for taking reasonable steps for and detection of fraud and other irregularities.

Approved by the Trustees on 30th June 2022 and signed on their behalf by:-

Mrs G.A. Brierley CHAIRMAN

Page 9

NTS

are financial y's financial reparing those

d practice have l statements; and priate to presume

h reasonable sure that the ble for r the prevention

TAYLOR NEWTON AND HIBBERT CHARITY TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF TAYLOR NEWTON AND HIBBERT CHARITY TRUST

We report on the accounts of the Trust for the year ended 31st December 2021, which are

Respective Responsibilities of Trustees and Examiner

As the charity's trustees, you are responsible for the preparation of the accounts; you con requirement of Section 144(2) of the Charities Act 2011 (the 2011 Act) does not apply and examination is needed. The Charity is preparing accrued accounts, and we are qualified t examination by being a qualified member of The Institute of Chartered Accountants in En

It is our responsibility to examine the accounts under Section 145 of the Charities 2011 A basis of procedures specified in the General Directions given by the Charity Commissione Section 145(5)(b) of the Act, whether particular matters have come to our attention.

Basis of Independent Examiner's Report

Our examination was carried out in accordance with the General Directions given by the C An examination includes a review of the accounting records kept by the charity and a co accounts presented with those records. It also includes consideration of any unusual item accounts and seeking explanations from you as trustees concerning any such matters. The do not provide all the evidence that would be required in an audit and consequently no op whether the accounts present a "true and fair view" and the report is limited to those mat statement below.

Independent Examiner's Statement

In connection with our examination, no matter has come to our attention:-

have not been met; or

CWR CHARTERED ACCOUNTANTS

20 MANNIN WAY LANCASTER BUSINESS PARK CATON ROAD

LANCASTER LAI 3SW

Page 10

e set out on Pages 1 to 6.

nsider that the audit

d that an independent to undertake the ngland and Wales.

Act and to state, on the ers under

Charity Commissioners. omparison of the ms or disclosures in the

e procedures undertaken pinion is given as to tters set out in the

ments

d

ith the

rstanding of the

13th September 2022