2024-12-31-accounts - Taylor Newton And Hibbert Charity

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Taylor Newton and Hibbert Charity Trust

Annual Report and Financial Statements Year Ended 31st December 2024

Charity Number: 1061643

Taylor Newton and Hibbert Charity Trust

Annual Report and Financial Statements

Year ended 31st December 2024

Contents	Page
Reference and administrative details	2
Trustees' annual report	3
Trustee's responsibilities statement	5
Independent examiner's report to the trustees	6
Statement of financial activities	7
Statement of financial position	8
Notes to the financial statements	9

Taylor Newton and Hibbert Charity Trust

Reference and administrative details

Year ended 31st December 2024

Registered charity name	Taylor Newton and Hibbert Charity Trust
Charity registration number	1061643
Principle office	1A Priory Crescent
	Grange over Sands
	Cumbria
	LA11 7BL
Trustees	G. A. Brierley (Chair)
	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
	LA1 3SW
Solicitors	Hart Jackson and Sons
	PO Box No 2
	8-10 New Market Street
	Ulverston
	LA12 7LW
Bankers	Barclays Bank PLC
	PO Box No 25
	9 Highgate
	Kendal
	LA9 4DF

Taylor Newton and Hibbert Charity Trust

Trustees' annual report

Year ended 31st December 2024

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 Charity Number 226341 - Lawrence Newton Charity Trust Charity Number 236650 - Lindale Sick and Poor Fund Charity Number 223139

Under a scheme dated the 11th December 2002, the assets of the Lindale Institute Charity (Charity Number 251340) were amalgameted on the 23rd January 2003.

Year Ended 31st December 2024

G.A. Brierley Co-opted Trustee until 09/2028 - 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
L. McClure Trustee nominated by Lindale and Newton in Cartmel PC until 05/2026
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 objectives

This report covers the period from 1st January 2024 to 31st December 2024. It is the twenty eighth 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 shall think fit.

Application of income

Having defrayed the cost of maintaining the Charity properties and of the administration of the Charity, donations were made to local causes. Assistance 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, Great North Air Ambulance, Springfield Women's Refuge, Northwest Blood Bikes and Beep Doctors. A Donation to High Newton Village Hall towards installation of toilets. A donation to Lindale Village Hall for essential repairs is pending.

Taylor Newton and Hibbert Charity Trust

Trustees' annual report (continued)

Year ended 31st December 2024

Management of charity land and buildings

The Trustees continued to instruct Ulverston Auction Mart Property (rebranded - previously Harrison Coward) 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 land at Poor Closes has been put on a five year Farm Tenancy aggreement while the land at Blue Cross Field remains on an Agricultural Holding Act Tenancy.

The three letting properties at Skinner Hill were occupied on assured shorthold tenancies during 2024. A number of repairs on the properties were completed during the year. 1 Myles Taylor Barn has had a roof light replaced. 2 Myles Taylor Barn has had a new multi fuel stove fitted and the loft insulation was removed and renewed. Skinner Hill farmhouse had a new bathroom 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.

Investments

The development of the Skinner Hill properties, completed by the Trustees in 1996, produced a regular income in 2024 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 18/08/2025 and signed on behalf of the board of trustees by:

G.A. Brierly Chair of trustees

Taylor Newton and Hibbert Charity Trust

Trustees' responsibilities statement

Year ended 31st December 2024

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 methods 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 and other irregularities.

Taylor Newton and Hibbert Charity Trust

Independent Examiner's Report to the Trustees of Taylor Newton and Hibbert Charity Trust

Year ended 31st December 2024

I report to the trustees on my examination of the financial statements of the Taylor Newton and Hibbert Charity Trust ('the charity') for the year ended 31st December 2024.

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').

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 145(5)(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 financial 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 understanding of the accounts to be reached.

Phillip Dennison ACA FCCA Independent Examiner

CWR Chartered Accountants 20 Mannin Way Lancaster Business Park Caton Road Lancaster LA1 3SW

Taylor Newton and Hibbert Charity Trust

Statement of Financial Activities incorporating Income and Expenditure Account

Year ended 31st December 2024

Note Income and endowments from: Donations Charitable activities 4 Other trading activities Investment income 5 Other income Year Ended 31st December 2024 Expenditure on: Charitable activities 6 Total expenditure Net income/(expenditure) Transfers between funds 11 Other recognised gains/(losses) Net gain/(losses) on investments 9 Net movement in funds Reconciliation of funds Total funds brought forward 11 Total funds carried forward	Unrestricted funds £ - 24,203 - 7,366 - 31,569 27,266 27,266 4,303 1,000) ( 2,930 6,233 798,969 805,202	Capital funds £ - - - - - - - - - 1,000 - 1,000 493,445 494,445	Total 2024 £ - 24,203 - 7,366 - 31,569 27,266 27,266 4,303 - 2,930 7,233 1,292,414 1,299,647	Total 2023 £ 30 24,648 - 6,260 -
				30,938
				26,358
				26,358
				4,580 10,914
				15,494
				1,276,920
				1,292,414

The statement of financial activities includes all gains an losses recognised in the year. All income and expenditure derive from continuing activities.

Taylor Newton and Hibbert Charity Trust

Statement of Financial Position

Year ended 31st December 2024

Note Fixed asssets Tangible fixed assets 8 Investments 9 Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year 10 Net assets Funds of the charity Unrestricted funds 11 Capital fund 11 Total charity funds	2024 £ 930,250 132,617 1,062,867 - 238,926 238,926 2,146 1,299,647 805,202 494,445 1,299,647	2023 £ 930,250 129,687
		1,059,937 - 233,569
		233,569 1,092
		1,292,414
		798,969 493,445
		1,292,414

These financial statements were approved by the board of trustees and authorised for issue on 18/08/2025 and are signed on behalf of the board by:

Mrs M. A. E. T. Clitheroe (Trustee)

Mrs G. A Brierley (Trustee)

Mr J. E. Brierley (Trustee)

Taylor Newton and Hibbert Charity Trust

Notes to the Financial Statements

Year ended 31st December 2024

1. 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 1A Priory Crescent, Grange over Sands, Cumbria, LA11 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act

3. Accounting policies

The financial statements have been prepared on the historical cost basis, 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 trustees have a reasonable expectation that the charity has adequate resources to continue in oprational existence 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.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is 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

Investment income consists of income received in the year.

Taylor Newton and Hibbert Charity Trust

Notes to the Financial Statements (continued)

Year ended 31st December 2024

3. Accounting policies (continued)

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 Harrison Coward Valuer and Estate Agents of Ulverston) on the 25th October 2021.

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair 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.

Taylor Newton and Hibbert Charity Trust

Notes to the Financial Statements (continued)

Year ended 31st December 2024

4. Charitable activities

Unrestricted funds £ Grazing, rents and wayleave 24,203 24,203 5. Investment income Unrestricted funds £ Bank interest 3,756 Investment income 3,610 7,366 6. Expenditure on charitable activities by fund type Unrestricted funds £ Grants and doles distributed 6,500 Building insurance 1,682 Property repairs 14,539 Property and grazing letting fees 3,175 Trustee expenses 44 Professional Fees 180 Accountancy 1,146 27,266 6. Independent examination fees Fees payable to the independent examiner for: Independent examination of the financial statements Other financial services	Capital funds £ - - Capital funds £ - - - Capital funds £ - - - - - - - -	Total 2024 £ 24,203 24,203 Total 2024 £ 3,756 3,610 7,366 Total 2024 £ 6,500 1,682 14,539 3,175 44 180 1,146 27,266 2024 £ 600 546 1,146	Total 2023 £ 24,648
			24,648
			Total 2023 £ 2,700 3,560
			6,260
			Total 2023 £ 5,200 1,667 15,095 3,216 16 - 1,164
			26,358
			2023 £ 600 564
			1,164

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 £44 for expenses incurred (2023: 1 trustee reimbursed £16).

Taylor Newton and Hibbert Charity Trust

Notes to the Financial Statements (continued)

Year ended 31st December 2024

8. Tangible fixed assets

Land and buildings

The land and buildings owned by the charity at the 31st December are as follows:

Myles Taylor Charity Trust

a) Skinner Hill Fields:- Lot Number Location 1.00 Hollow Lane 2.00 Windermere Road 3.00 Poor Lindale 4.00 Skinner Hill Paddock 5.00 Back o' the Fell Total b) Allotments Field c) Skinner Hill Farmhouse d) Skinner Hill Barn and Shippon Formerly Myles Taylor Charity Trust Lawrence Newton Charity Trust Blue Cross Field Poor Closes Ornamental Ground Formerly Lawrence Newton Charity Trust	Area (Acres) 3.64 5.40 1.40 0.66 13.07 24.17 0.76 1.73 3.00 0.22 4.95	Valuation 25,500 38,000 11,250 7,500 90,000
		172,250 4,500 325,000 420,000
		921,750 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 Valuers and Estate Agents of Ulverston) on the 25th October 2021.

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

Taylor Newton and Hibbert Charity Trust

Notes to the Financial Statements (continued)

Year ended 31st December 2024

9. Investments

Investments are all held by The Charities Official Investment Fund. The funds are invested in 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 2707 Income Shares 6535 Income Shares at Cost	Cost 2,027 3,175 1,222 25,000 31,424	Market Market Value Value 31/12/2024 31/12/2023 £ £ 41,135 40,226 1,624 1,588 42,759 41,814 6,636 6,489 3,490 3,413 10,126 9,902 24,798 24,251 54,934 53,720 132,617 129,687

The increase in market value of £2,930 (2023: increase £10,914) is shown in the Income and Expenditure Account for the year ended 31st December 2024.

Financial asesets held at fair value

For lisetd investments, valuation is the market value at the reporting date.

Listed investments consist of 6,535 (2023: 6,535) shares held in the COIF Charities Investment Fund.

10. Creditors: amounts falling due within one year

Trade creditors	2024 2023 £ £ 2,146 1,092 2,146 1,092

Taylor Newton and Hibbert Charity Trust

Notes to the Financial Statements (continued)

Year ended 31st December 2024

11. Analysis of charitable funds

Unrestricted fund Capital fund Unrestricted fund Capital fund	At 01 Jan 2024 Income Transfers £ £ £ 798,969 31,569 1,000) ( 493,445 - 1,000 1,292,414 31,569 - At 01 Jan 2023 Income Transfers £ £ £ 784,475 30,938 1,000) ( 492,445 - 1,000 1,276,920 30,938 - Expenditure £ 26,358) ( - 26,358) ( Expenditure £ 27,266) ( - 27,266) (	Gains and losses £ 2,930 - 2,930 Gains and losses £ 10,914 - 10,914	At 31 Dec 2024 £ 805,202 494,445
			1,299,647
			At 31 Dec 2023 £ 798,969 493,445
			1,292,414

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.

12. Related parties

No related party transactions took place during the year, other than certain trustee's expenses already disclosed in note 7.