Taylor Newton and Hibbert Charity Trust
Annual Report and Financial Statements
Year Ended 31st December 2023
Charity Number.. 1061643

Taylor Newton and Hlbbert Charity Trust
Annual Report and Financlal Statements
Year ended 31st December 2023
Contents
Page
Reference and administrative details
Trustees, annual report
Trustee's responsibilities statement
Independent eaxminer's report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements

Taylor Newton and Hlbbert CharityTrust
Reference and administrative detalls
Year ended 31st December 2023
Registered charity name
Taylor Newton and Hibbert Charity Trust
Charlty registration number
1061643
Principle office
IA Priory Crescent
Grange over Sands
Cumbria
LAII 7BL
The trustees
G. A. Brierley {Chairl
M. A. E. T. Clitheroe {Treasurer)
J. E. Brierley
Rev, G. T. Wilson
L. Mcclure
Accountants
CWR Chartered Accountants
20 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LAI 3SW
Solicitors
Hart Jackson and Sons
POBoxNo2
8-10 New Market Street
Ulverston
LA12 7LW
Bankers
Barclays Bank PLC
PO Box No 25
9 Highgate
Kendal
LA9 4DF

Taylor Newton and Hlbbert Charity Trust
Trustees, annual report
Year ended 31st December 2023
Structure• governance and management
The Trust was formed on the 1st January 1997 by the amalgamation of the following three charities:
Myles Taylor Charity Trust
Lawrence Newton Charity Trust
Lindale Sick and Poor Fund
Charity Number 226341
Charity Number 236650
Charity Number 223139
Under a scheme dated the Ilth December 2002, the assets of the Lindale Institute Charity (Charity Number
2513401 were amalgameted on the 23rd January 2003.
There were five trustees at the beginning and end of the reporting period, as follows:
G.A. Brierley
Co-opted Trustee until 0912028- Chairman
M.A.E.T Clitheroe Co-opted Trustee until 12/2027- Treasurer
J.E. Brierley
Co-opted Trustee by Lindale and Newton in Cartmel PC until 09/2028- Sec
L. Mcclure
Trustee nominated by Lindale and Newton in Cartmel PC until 0512026
Rev'd G.T. Wilson Ex-officio Trustee, as replacement for Team Rector for the Cartmel Peninsula Team
Ministry, which includes the Parish of St Paul, Lindale.
The Chairman is elected annually by the Trustees. Mrs G. Brierley was re-elected to be Chairman. Mr J.
Brierley acts as Secretary/Correspondent. Mrs A. Clitheroe acts as Treasurer.
The trustees managed to meet in person four times during the year.
Aims and objectlves
This report covers the period from 1st January 2023 to 31st December 2023. It is the twenty seventh annual
report of the Charity which was set up by a Scheme sealed by Order of the Charity Commissioners on 23rd
October 1996. The objects of the Charity are to apply the income of the Charity in relieving either generally
or individually persons resident in the Parish of Lindale and Newton-in-cartmel who are in conditions of
need, hardship or distress, by making grants of money or providing or paying for items, services or facilities
calculated to reduce the need, hardship or distress of such persons. If and insofar as income is not required
in any year for this purpose it is applied for such charitable purposes for the general or individual benefit of
the inhabitants of the Parish of Lindale and Newton-in- Cartmel as the Trustees sha51 think fit.
Appllcation of income
Having defrayed the cost of maintaining the Charity properties and of the administration of the Charity,
donations were made to local causes. A5SiStance was given to the following local causes for charitiable
purposes and for the general benefit of the inhabitants of the area of benefit. Donations to bodies outside
the parish but for the potential benefit of parishioners as follows: Rosemere Cancer Foundation, St Mary's
Hospice, North West Air Ambulance, Springfield Women's Refuge, Northwest Blood Bikes and Beep Doctors.

Taylor Newton and Hibbert Charlty Trust
Trustees, annual report (contlnuedj
Year ended 31st December 2023
Management of charlty land and bulldlnEs
The Trustees continued to instruct Ulverston Auction Mart Property (rebranded - previously Harri50n
Cowardl as agents for letting and managing the land and properties owned by the Charity, the Trustees
were consulted regularly. The majority of the grazing land continued to be let on 2-year grazing agreements.
One agreement has been drawn up for a piece of land that has been neglected for several years. The
agreement is on a peppercorn rent for the first four years whilst the tenant works to bring it back to
agricultural condition.
Two other agreements were not renewed as the land was being badly farmed. New tenants have been
found and agreements drawn up. The rents were negotiated to reflect the work needing to be done to bring
the land up to good agricultural conditions.
The three letting properties at Skinner Hill were occupied on assured shorthold tenancies during 2023. A
number of repairs on the properties were completed during the year. l Myles Taylor Barn has had a new
bathroom fitted. Skinner Hill farmhouse had loft insulation and a bedroom wall insulated. Also three new
skylights fitted. All of the allotments owned by the Charity were occupied for the year and there is currently
a waiting list.
All property and land is now registered with the Land Registry and email alerts in place.The ongoing
maintenance and upgrading of the properties is a priority and the trustees intend to look to upgrading the
kitchens and bathrooms over the next couple of years.
Investment5
The development of the Skinner Hill properties, completed by the Trustees in 1996, produced a regular
income in 2023 along with rents from land held by the Trust this is used to meet the charity's objectives.
Cash is invested in a number of sound financial institutions.
The trustees annual report was approved on
trustees by:
Jolorlz
and signed on behalf of the board of
G.A. Brierly
Chair of trustees

Taylor Newton and Hlbbert CharityTrust
Trustees, responslbllltles statement
Year ended 31st December 2023
The trustees are responsible for preparing the trustees, report and the financial statements on accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice}.
The law applicable to Charities in England and Wales requires the charity trustees to prepare financial
statements for each year which give a true and fair view of the state of affairs of the charity and of the
incoming resources and application of resources, of the charity for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the method5 and principles in the applicable Charities SORP;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to Show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of
the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the
applicable Charities {Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud a nd other irregularities.

Taylor Newton and Hibbert Charity Trust
Independent Examlner's Report to the Trustees of Taylor Newton and Hlbbert Charlty Trust
Year ended 31st December 2023
I report to the trustees on my examination of the financial statements of the Taylor Newton and Hibbert
Charity Trust I'the charity'l for the year ended 315t December 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accrodance with the requirements of the Charities Act 2011 {'the Act'l.
I report in respect of my examination of the charity's financial statements carried out under section 145 of
the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515){b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the Act;
or
the fsnancial statements do not accord with those records,. or
the financial statements do not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understandlng of the account5 to be
reached.
Phillip Dennison ACA FCCA
Independent Examiner
CWR Chartered Accountants
20 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LAI 35W

Taylor Newton and Hibbert Charity Trust
Statement of Financial Activities incorporating Income and Expenditure Account
Year ended 31st December 2023
Unrestricted
funds
Capital
funds
Total
2023
Total
2022
Note
Income and endowments from:
Donations
Charitable activities
Other trading activities
Investment income
Other income
30
24,648
30
24,648
500
25,054
6,260
6,260
3,644
490
Total Income
30,938
30,938
29,688
Expendlture on:
Charitable activities
26,358
26,358
13,745
Total expenditure
26,358
26,358
13,745
Net income/(expenditure)
4,580
4,580
15,943
Transfers between funds
li
I 1,0001
1,000
Other recognised gains/{losses)
Net gain/llossesl on investments
10,914
10,914
15,6291
Net movement in funds
14,494
1,000
15,494
314
Reconclllation of funds
Total funds brought forward
li
784,475
492,445
1,276,920
1,276,606
Total funds carrled forward
798,969
493,445
1,292,414
1,276,920
The statement of financial activities includes all gains an losses recognised in the year,
All income and expenditure derive from continuing activitie5.

Taylor Newton and Hibbert Charity Trust
Statement of Financial Position
Year ended 31st December 2023
2023
2022
Note
Flxed asssets
Tangible fixed assets
Investments
930,250
129,687
930,250
118,773
1,059,937
1,049,023
Current a55et5
Debtors
Cash at bank and in hand
233,569
229,868
233,569
229,868
Credltors: amounts falling due within one year
io
1,092
1,971
Net assets
1,292,414
1,276,920
Funds of the charity
Unrestricted funds
Capital fund
11
li
798,969
493,445
784,475
492,445
Total charity funds
1,292,414
1,276,920
These financial statements were approved by the board of trustees and authorised for issue on ,S.ol Qrlzy
and are signed on behalf of the board by:
Mrs M, A. E. T. Clitheroe (Trusteel
Mrs
A Brierley (Trustee)
Mr J. E. Brierley ITrustee}

Taylor Newton and Hlbbert Charlty Trust
Notes to the Flnanclal Statements
Year ended 31st December 2023
l. General Information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated.
The address of the principle office is IA Priory Crescent, Grange over Sands, Cumbria, LAII 7BL.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting
Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102} (Charities SORP IFRS 1021) and the Charities Act 2011.
3. Accounting policies
Basls of preparatlon
The financial statements have been prepared on the hlstorical cost basls, as modified by the revaluation of
certain financial assetes and liabilities and investments measured at fair value through income or
expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the time of approving the financial statements, the trustee5 have a reasonable expectation that the
charity has adequate resource5 to continue in oprational eistance for the forseeable future.
Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any the charity's
purposes.
Capital funds are earmarked by the trustees for the refurbishment of Skinner Hill Farmhouse and the
development of Skinner Hill Barn and Shippon into two residential units.
Incomlng resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it 15
probable that the economic benefits associated with the transaction will flow to the charity and the amount
can be reliably measured. The following specific policies are applied to particular categories of income:
Investment income consists of income received in the year.

Taylor Newton and Hibbert Charity Trust
Note5 to the Financial Statements (contlnued)
Year ended 31st December 2023
3. Accounting policies {continuedJ
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered, and is classified under headings of the Statement of financial activity to which it
relates:
expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that
further its charitable aims for the benefit of it beneficiaries, including those support costs and costs relating
to the governance of the charity apportioned to charitable activities.
Tangible assets
Tangible assets are initially recorded at cost, and the subsequently stated cost less any accumulated
depreciation.
The land and buildings were valued by Ulverston Auction Mart Property (rebranded - previously Harri50n
Coward Valuer and Estate Agents of Ulverstonl on the 25th October 2021.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at falr value. If falr
value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or
expenditure.
io

Taylor Newton and Hibbert Charlty Trust
Notes to the Financial Statements Icontinuedj
Year ended 31st December 2023
4. Charitable activities
Unrestricted
funds
Capital
funds
Total
2023
Total
2022
Grazing, rents and wayleave
24,648
24,648
25,054
24,648
24,648
25,054
5. Investment income
Unrestricted
funds
Capital
funds
Total
2023
Total
2022
Bank interest
Investment income
2,700
3,560
2,700
3,560
97
3,547
6,260
6,260
3,644
6. Expenditure on charitable activities by fund type
Unrestricted
funds
Capital
funds
Total
2023
Total
2022
Grants and doles distributed
Building insurance
Property repairs
Property and grazing letting fee5
Trustee expenses
Accountancy
5,200
1,667
15,095
3,216
16
1,164
5,200
1,667
15,095
3,216
16
1,164
3,500
1,524
4,325
3,162
22
1,212
26,358
26,358
13,745
6. Independent examinatlon fees
2023
2022
Fees payable to the independent examiner for:
Independent examination of the financial statements
Other financial services
600
564
600
612
1,164
1,212
7. Trustee remuneration and expenses
None of the trustees {or any persons connected with them) received any remuneration during the year. One
trustee was reimbursed a total of £16 for expenses incurred12022: 1 trustee reimbursed £22).
li

Taylor Newton and Hibbert Charity Trust
Notes to the Financial Statements fcontlnuedj
Year ended 31st December 2023
8. Tangible fixed assets
Land and bulldlngs
The land and buildings owned by the charity at the 31st December are as follows..
M lesTa
lor Chari
Trust
Skinner Hill Fields:.
Lot Number
Location
Area (Acres)
Valuation
1.00
2.00
3.00
4.00
5.00
Hollow Lane
Windermere Road
Poor Lindale
Skinner Hill Paddock
Back o, the Fell
3.64
5.40
1.40
0.66
13.07
24.17
25,500
38,000
11,250
7,500
90,000
172,250
Total
bl
Allotments Field
0.76
4,500
Skinner Hill Farmhouse
325,000
dl
Skinner Hill Barn and Shippon
420,000
Formerly Myles Taylor Charity Trust
921,750
Lawrence Newton Charit Trust
Blue Cross Fleld
Poor Closes
Ornamental Ground
Formerly Lawrence Newton Charity Trust
1.73
3.00
0.22
4.95
1,500
4,500
2,500
8,500
930,250
The land and property was valued by Ulverston Auction Mart Property (rebranded - previously Harrison
Coward Valuer5 and Estate Agents of Ulver5tonl on the 25th October 2021.
The previous valuation, carried out on the 24th July 2012 was £715,250.
12

Taylor Newton and Hibbert Charity Trust
Notes to the Financial Statements l¢ontlnuedJ
Year ended 31st December 2023
9. Investments
Investments are all held by The Charities Official Investment Fund. The funds are invested in the COIF
Income Shares.
Market
Value
31112/2023
Market
Value
31/1212022
Cost
M 5esTa
lor Charit Trust
2027
80
2107
Income Shares
Income Shares
Income Shares at Cost
40,226
1,588
41,814
36,841
1,454
38295
2,027
Lawrence Newton Charit Trust
327
172
499
Income Shares
Income Shares
Income Shares at Cost
6,489
3,413
9,902
5,943
3,126
9069
3,175
Lindale Sick and Poor Fund
1222
Income Shares at Cost
1,222
24,251
22,210
lor Newton and Hibbert Chari
Trust
2707
Income Shares
25,000
53,720
49,199
6535
Income Shares at Cost
31,424
129,687
118,773
The increase in market value of £10,91412022.. decrease1£15,629)l is shown in the Income and Expenditure
Account for the year ended 31st December 2023.
Financial asesets held at fair value
For lisetd investments, valuation is the market value at the reporting date.
Listed investments consist of 6,53512022: 6,5351 shares held in the COIF Charities Investment Fund.
10. Creditors: amounts falllng due within one year
2023
2022
Trade creditors
1,092
1,971
1,092
1,971
13

Taylor Newton and Hibbert Charity Trust
Notes to the Financial statements (continuedj
Year ended 31st December 2023
11. Analysis of charitable funds
At
01 Jan 2023 Income
Gains
and losses
At
31 Dec 2023
Expenditure
Transfers
Unrestricted fund
Capital fund
784,475
492,445
30,938 {
26,35811
1,000)
1,000
10,914
798,969
493,445
1,276,920
30,938 1
26,3581
10,914
1,292,414
At
01 Jan 2022 Income
Gains
and losses
At
31 Dec 2022
Expenditure
Transfers
Unrestricted fund
Capital fund
785,161
491,445
29,688 1
13,74511
1,0001 { 15,6291
1,000
784,475
492,445
1,276,606
29,688 {
13,7451
15,6291
1,276,920
Unrestricted funds are available for use at the discretion of the trustees to further any the charity's
purposes.
Refurbishment of Skinner Hill Farmhouse and the development of Skinner Hill Barn and Shippon into two
residential units was financed by authorised borrowing from the capital fund, repayable at the rate of £1,000
per year from annual income.
IZ. Related parties
No related party transactions took place during the year, other than certain trustee's expenses already
disclosed in note 7.
14