## **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|
1
**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|
2
**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.
3
## **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
4
## **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.
5
## **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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. 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
6
## **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.
7
## **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)
8
**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.
9
## **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.
10
## **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).
11
**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.
12
## **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|
|---|---|
13
## **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.
14