Richard Dumbreck's Singleton
Trust
Registratlon number: 1106862
Annual Report and Financial
Statements
5 April 2024
dOdd&co

Rlchard Dumbreck's Singlaton Trust
Conlents
Reference and Administrative Details
Tfust8es' report
Trust&8s' responsibilities
Independent auditors. report
Staternent of financlal actlvlties
10
Balance Sheet
11
Notes to the financlal slatèments
12

Richard Dumbreck's Singleton Trust
Reference and Admlnlstratlve Details
Charity name
Richard Dumbreck's Singleton Trust
Charity raglstratlon numb•r
1106862
Prlnclpal office
Ingham & Yorke
Brookside Bam
Downham
CLITHEROE
BB7 4BP
Ragl$t•red offi¢e
Ingham & York8
Brooksid6 Barn
Downham
CLITHEROE
BB7 4BP
Trustees
K Walker
S Fryars
P Allen
A Rogerson
OKay
S Cholmondeley
M Smith
A D Hindley
(Appointed 14 December 2023}
A R Davies
(Appoinled 14 December 2023}
8ollcltor
Naplhens
Darw8n House
Walker Office Park
8LACKBURN
B812QE
Bankers
Barclays Bank PIC
Castle Street
CLITHEROE
8B7 2BU
Audltor
Dodd & Co Audlt Limlted
FIFfEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA12RW
Page 1

Richard Dumbreck's Singleton Trust
Reference and Administrative Detalls
Investment Advisor
Investec Wealth and Investment Limited
30 Gresham Street
LONDON
EC2V 7QN
Page 2

Richard Dumbreck's Singleton Trusl
Truslees. Report for the Year Ended 5 Aprll 2024
Approved by the Trust88s on 21 November 2024 and signed on their b8half by..
The financial statements have been prepared in accordance wth the accounting policies sel out in noles lo the
accounts and comply with the charitls govemlng document, Ihe Charities Act 2011 and Accounting and
Reporting by Charities.. Slalement of Recommended Practice applicable lo chariti85 prepartng their accounts In
accordanGe with the Flnanclal Reportlng Standard appllcable lo the UK and R8publl¢ ol Ifel8nd.
STRATEGIES FOR ACHIEVING OBJECTIVES
The Trustees strategies are formulated for tha banefit of th8 community of Singleton. During the year work
continued on a number of aspects of the Vision for Great Singl8ton, including dètailed discussions with various
organlsalions and with advic& being sought from the Charity Commission.
The Trustees continued lo liaise generally with Ioc81 groups and organisalions.
The Trustees focus for the year was once again on the maintenance and Improvement of their properties and
land, with continued attention on th8 condition of the estate woodland. including the replanting of Caudle Wood.
Financial support was also provided for local organisalions.
MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC 8ENEFIT
The Tru5te8s have paSd due regard to guldance Issued by the Charity Commission in deciding what activi1188
they Should undertake.
The Trustoes confirm th81 they have paid due regard lo the Charity Commission guidan¢8 on public benefit
reporting in deciding what actlvitles the ch8rily should undertake. Th8 remainder of Ihls AnnLial Report explains
the Charity's work durlng the year and how it has been carri8d out for the publlc benefit.
ACTIVITIES FOR ACHIEVING OBJECTIVES
The a¢tlvltles und8rtaKen lor the objectives of the Charity have bèen th8 renting out of properties to the
inhabiianls of Singleton and Ihls has rais8d £231,079.0012023.' £226,203.00). Surplus funds have be8n used lo
forward the oblectlves of Ihe Charlty.
REVIEW OF ACTIVITIES
During the p&riod Ihe Charity received gross rental incom8 of £231,079.00 12023.. £226,203.00) from tho
inhabitants of Singleton Village who rent the prop8rt18s contained within the Trust. Repair work and utility
payments appertaining to the properties amounted lo £80,426.00 (2023.. £165,462.00) whilst there wa5 no capital
expenditure incurred 12023.. £550.00). Governance costs in the period amounted to £50,428.00 12023=
£49,480.00>.
The Tnjsl continued to carry out repairs and extemal re48cora*ion lo Ihe properties during the year. No major
cottage refurbishment schemes were required during this period.
An updated tree condition report was obtained and further work was carried out on the removal of dead and
potentially dangerous trees in the estate woods and adjoining roads and properties in ac¢ordance with the
recommendations received in the report. Caudle Wood was replanted during the winter of 2023.
Mr Edward Mills conlinu8s lo provide specialist woodland advice to the Trust.
For the year commencing 6th April 2023 Mr. K. Walker was re-appointed as Chair, Mr. M. Smith was appointed
Deputy Chalr after Mrs. A. Rogerson confirmed she did not wish to sland again for this position du8 to work
commitments and Mr. P. Alleri was re-appointed as Treasurer.
Rents
No.2 Statlon Road was re-let In November 2023 followlng some mlnor repalr works being carrled OUL The
Sporting Rights Agreement was renewed with Mr. T. Pridmore from February 2024.
The land previously let to Cuadrilla remains in-hand whilst the aflercare agreement monitored by Lancashire
County Councll continues.
Page 3

Richard Dumbreck's Singleton Trust
Trustees. Report for the Year Ended 5 Aprll 2024
The Trustees made the following charitable donations during Ihe financial year..
Singleion School- £12.350.00
FOSS IFri&nd$ of Singleton School)- match funding - £2,325
Slngleton Gala - £50.00
Local Resid&nl- Bereavèmènt Financial Assistance- £1.930.00
Acoms Nursery re Child Caro- £851.00
£765.00
Poppy Appeal - £20.00
L Fryar5 re Singleton Scarecrow Competition - £190.00
A Hindley re Singleton Villag9 Coronation Lunch- £292.00
M L Planning- planning fee for new clubhouse for Singlelon BovAing Club - £820.00
Sin9lelon Parish Councll- 50% c06t of litter plcking - £2,808.00
Youth Opportunilles Scheme Appllcattons- £250.00 and £160.00
In addition, an historic loan lo Singleton School of £10,040,00 has been written off and Irealed 8s a gift lo the
school.
Work on thi5 scheme by Highways England has continued and is nearing compl8tion. The final claim for
compensation is likely to be submitted shortly. Highways England have approached the Trust to enquire whether
the Trust would like lo retain ownershlp of a small area of land which is not now requlred for the s¢h8me and
discusslons about this are ongoing.
Thjstees have continued to maintain the concessionary footpaths and the P(JaGe Garden and th8 use of these
facilitiès has conlinu&d to ba enjoy&d and proved beneficial to local residents. Further bulb planting has been
carried out in th8 P8ace Garden.
The site wslh th8 benefit of outline planning pemiission for a small residential development scheme on land at
Manor Farm, to the south of Weelon Road, has been marketed for sale by tender and bondilional contracts for its
sale to Lanley Developments Ltd were exchanged in January 2024. The Sale is conditional on a satisfactory full
planning permission being obtained by Lanley together with the Trustees approval lo the proposed plans and the
outcome of the application was awaited al the financial year end. Prior to exchange of contracts the Trustees
soughl speci81isl legal advice, inoluding correspondence with the Charity Commission, to ensure that they had
the necessary power lo sell Ihe land and that all due processes had been followe¢.
The Trust has conlinued to liaise with Singleton Bowling Club in respect of their wish to build a new clubhouse
and paid £821.00 to M L Planning Consultants in resp&cl of their fees for submitting the necessary planning
application on behalf of the Club lo Fylde B.C. The Trust also agrèed lo make a contribution of £51, 182.00 lo the
8owling Club towards the cost of the project, but only once the Bowling Club had reached agreemenl with the
Diocese of Blackbum, the owners of the land, in respect of lei'ms for a long term lease of the land from the
Diocese to the Club. Terms were agreed in April 2024 with the project due to cotr.mence in May 2024.
Pag8 4

Richard Dumbre¢k's Singleton Trusl
Trustees. Report for the Year Ended 5 Aprll 2024
Discussions are also currently taking place be￿en the Trust and the Dio¢ese with regard to land ownership by
both parties within Great Singleton and the possibility ol an exchange of some land, to both parties mutual
benefit.
Loll of Possible Vi
Discussions have continued with Singleton Parish Councll regarding the possibility of a collaborative project lo
create a village green for Singleton on Trusl land between Church Road and The Millers Arms, as envlsaged
within the original Vlsion for Singleton. Singleton Parish Council are leading on this matter and have discussed It
wilh Fyldg 8.C. Ther¢ havo b8en conslderable delays bul Fylde 8.C. have now confirmed that thoy have
assigned a project manager and deslgn8r, so il is hoped thal progress will be made on this project in the coming
y8ar.
an
No decision has yel b88n reached on lh8 futurè use of the old workshop and kennels following r&ceipt of a
feasibility study. Work has commenced on clearing out the old buildin9s and the unused yard area lo the rear has
b8en let on a short term Iic6nc8 basis for storage purposes.
'chard Cornish. the partnar al Ingham & Yorke who has b88n responsible for the management of tha Trust's
land and propefty at Singleton since the fomiation of the Trust, announced his intention lo retire from 30th April
2024. Richard Bell. who had worked for Ingham & York8 previously including assisting with the Sing181on Estat8
management, was re-joining the firm from 28th April 2024 as a partner and would take over responsibility for the
on-going managemenl work for the Trust.
K Walk8r
Trustee
P Allen
Trustee
Page 5

Richard Dumbreck's Singleton Trust
Trustees. Responslbllttles In relatlon to the Flnanclal Statements
The trustees are responsible for preparing th8 Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards.
The law applicable to charities in Eng18nd and Wales requires the trustees to prepare financial statements for
each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming
resources and application of resources of the charity for Ihal period. In preparing these financial statements. the
trustees are required lo:
select suitable accounting policies and then apply thèm consistently.,
observe the methods 8nd principles In th8 Charities SORP.
make judgements and 8Stima18S that are reasonable and prndent.,
state whether applicable accounting standards have been follow8d, subject lo any matérial departures
disclosed and explained in the financial statements- and
prepare the financial statements on the going concern basis unless It Is inapproprialo to presumo th8t Ihe
charity will conlinue in business.
The tru$tees are responsible for keeping proper accounting records that disclose wlh reasonable accur8cy at
any lime Ihe financial position of the charity and enable them to ensure that the financial statemènts comply with
the Charities Act 2011 as amended by the Charities Act 2022, the Charity (Accounts and Rèports) Regulations
and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hence
for laking reasonable steps for the prevention and delecliDn of fraud and other irregularities.
Page 6

Independent Audltors. Report to the Trustees of
Richard Dumbreck's Slngleton Trust
Oplnlon
We have audited the financial slalemen15 of Richard Dumbr8ck's Singleton Trust for the year ended 5 April 2024.
sel out on pages 10 to 21 which comprise Ihe Statem8nl of Financial Activities, the Balance Sheet, thg Statement
of Cash Flows and the related notes. The finan¢i81 reporting frarnework that ha5 been applied in Iheir preparation
Is applicable law and Unit8d Kingdom Accounting Standards. including Financial Reporting Standard 102 (FRS
102) The Financial Reporting Standard appllcable in the UK and Republic of Ireland {Unlted Klngdom Generally
Accepted Accounting PraGtice).
In our opinion the financial stal8ments.'
givo a Iwe and falr vi8w of th8 slate of the charity's affairs as at S April 2024 and of Its Incomlng resources
and application of rgsources. for the year Ih8n ended;
have been property prepared in accordancé with Unit8d Kingdom Ganerally Accepted Accounting Practice
applicable lo smaller entities.. and
have been prepared in accordance wllh the requiTrmenls ol the Charities Act 2011
Bagls for oplnlon
We coriducled our audit in accordance with Inlornalional Standards on Auditing {UK) (ISAS (UKII and applicable
law. Our responsibilitl8s under those standards are further described in the Auditor's r8SPOllsibililies for th8 audit
of the financial slalernents section of our report. We ar8 ind8pendenl of th8 Charity in accordance wilh the ethi¢al
requlremenls that are relevant lo our audSt of the financial Statements in the UK, Includlng the FRC'S Ethlcal
Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We
believe that the audit evidence we have obtained is suffiGient and appropriate to provlde a basis for our oplnlon,
Conclu8lon$ relotlng to golng conc•rn
In auditing the financial stalernents, we have concluded that the Iruslee'8 use of the golng conc8m basS8 of
accounting in Ihe preparation of the financial slalemenls is appropriate.
Based on the work we have p8rfomi8d, w8 havè not id8nlified any material uncertair¢lies relating Io gvgnts or
ondilions that. individually or collectively, may cast si9nifi¢anl doubt on the charity's ability lo continue as a going
concern for 8 p8rlod of al le88112 months from when the linancial st8temenls aro authorlsed for issu8.
Our responslbllStles and the r8sponsibilits.8s of th8 trusteès wth respect to going concern are degcribed in the
rel8vant section5 of thls report.
Other infoTmatlon
The olher Snformatlon comprls85 the information included in the annual report. other than the financi81 slalements
and our auditor's report thereon. The Iruslees are responsible for the other information. Our opinion on the
financial statemenls does not cover the other Infomiallon and we do not express any form of 88surance
conclusion th&reon.
In connection with our audit of the financial statemanls, our responsibility is to rgad tho other Information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears lo be materially misstated. If we idenlify such material
incon51slencies or apparent materlal misstatements, we are requi￿¢ to determine whether the￿ is 8 material
mi$5tat8menl in the financial statements or o malerial misstatement of the other infomiation. If. b8S8d on the
work we have performed. we conclude that there is 8 material misstatement of this other infomation, we are
required lo report thal fact.
We have nothing to report in this regard.
Paga 7

Independent Auditors, Report to the Trustees of
Rlchard Dumbreck's Slnglelon Trust
. continued
Matt•r8 on whlch we are r¢qulred to r•port by exceptlon .
In the light of the knowledge and understanding of the Charity and its environment obtained in the COUTSe of the
audit,
we
have
not identified
material
mis51alemenls
in
the
Trustees,
Annual Report.
We have nothing lo report in respect of the following matters where the Charities (Accounts and Report8)
Regulations 2008 requires us lo report to you if, in our opinion..
adequ8le accounting records have not been kept, or r8lums adequate for our audit have not b88n rec8ived
from bran¢hes nol visited by us., or
the fln8ncial statements are not in agreement Mlh the accounting records and r61ums,' or
we have not receiv8d all the Infomiation and éxplanations we require for our audit.
Responslbilitios of trugteo8
As explained more fully in the Trustees, Responsibllilies Slalemonl set out on page 6, the trustees are
responsible for the preparatlon of the Financial Stslemenls which give a true and fair view, and for such internal
control as the trustees determine is necessary to enable the preparation of Financial Stalemenls that are fr88
from materlal misstatement. whether due to fraud or error.
In preparlng the financial statements, the trustees are responslble for assgssing th& charlly's ablllty to conllnue as
a going concem, disclosing. as applicable, matters related lo going concern and using the going concem basis of
accounllng unless the Iruslees either intend lo Ilquldate the company or lo cease operations, or have no realislic
alternative bul lo do so.
Audltor's ro8pon8lbillties for the audlt of th• flnanclal statements
Our objectiv&8 are to obtain reasonable assurance 8bout whether th8 flnancial statements as a whole are free
from material misstatement, whether due lo frasjd or error, and to 155ue an auditor's rgport that includes our
opinion. Reasonable assurance 18 a high level of assurancè bul is not a guarantee that an audit conducted in
a¢cordance wilh ISAS (UK) will always detect a material mlsslatement when it exists. Misslalements can arise
from fraud or error and are considered mal6rial if. individually or in lh8 aggregate, thèy could reasonably be
expected to inffluènce thè economic decisions of users taken on tha basis of these financial slat8menis.
Irregulaiilies. Including fraud, are instancés of nonrycompliance with laws and r8gulations. We design procedures
In line with our responsibilities, oullln8d above, to detect material misstatements In r8spect of irr8gularilies,
including fraud. The specific procedures for Ihls engagement and the extent to which these are capable of
detecting Irregularities, including fraud is detalled below,.
Page 8

Independent Audllors. Report to the Trustees of
Rlchard DumbreGk's Slngleton Trust
. continued
We have.,
Obtained an understanding of the legal 8nd ￿gUlatOry framework applicable to the entity and how the entity is
complying with that framework..
Obtsined an understanding of the entity's policles and procèdures on compllan¢e wllh laws and r8gulations,
including documentation of any instances of non-complianc8,'
Idenitfied the laws and regulations that have significance in the conlexl of th8 8nlity',
Obtained an understanding of the entity's risk 88888sm6nt process. including the risk of fraud,.
Assessed 8nd avaluated the $usc8plibility of th8 entitys financial statements to m81erial misstatement, through
error and fraud.,
Implemented procedures to enable the identification and testing of unusual or unexpected journal entries;
Evaluated th8 assumptions and judgements used by management within significant accounting estimates and
assessed if these indicate 8vidence of management bias.,
Tested significant transactions. in particular the evaluatlon of thè buslness rationale for any ￿tCh appear
unusual or outside the company's normal course of business.,
Review8d the fiiiancial statements and tested the dSsclosures against supporting documentation,.
Communicated relevant matters (including those above) to 811 members of the audit team lo ensur8 th8y
understood the rlsks specific lo thè entlly and the audil procgdures planned to miligale these.
A further d8scriplion of our rgsponsibililies for the audll of th8 financlal slalem8nts is located on the Financial
Reporting Council's website at.. www.frG,org,ukJaudilorsresponsibili118s. Thls descripllon foms part of our
audltor's report.
Because of the inherent limitalions of an audit, there is a risk Ihal we wll not detect all irregularities, including
lhose18ading to a material misstatement in the financial Slalements or non-compliance with regulation. This risk
increases the moro that compliance with a law or regulation is removed from the events and transactions
reflected in the financial slalemenls, as we wlll be less likely lo become aware of Instances of non-complianee.
The risk is also greater regarding irregularities occurring du& to fraud rather than error, as fraud involv8S
Intentlonal concealment, forgery. colluslon, omlsslon or misrepresentation.
Use of our report
This rgport is made solely to the charity's trustees, in accordance wilh Part 4 of the Char,.tl8s {Accounts and
Rgportsl Rggulalions 2008. Our audit work has been undertaken so that we might stale lo the charity's Iruslees
those matters we are required lo state lo them in an auditor's rgport and for no other purpose. To the fullest
extent permilled by law, we do not accept or assume responsibility lo anyone other than the ¢hafity and the
ch8rity's truslees, for our audit work, for Ihi5 report, or for the opinions we have formed.
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA12RW
Dodd & Co Audit Limi18d
Chartered Accountants & Reglslered Auditors
21 November 2024
Dodd & Co Audit Limited is eliglble to act as an auditor in terms of sect6on 1212 of Ihe Companles Ad 2006
Page 9

Richard Dumbreck's Slngleton Trust
Statement of Financial Activities for the Year Ended 5 April 2024
Unrnstrlct•d Total Fund8 Total Fund8
Funds
2024
2023
Note
Income
Investments
Charitable activltles
Total income
32.357
32,357
231,079
263,436
29,461
248,018
277,479
231.079
263.436
Exp8ndltur•
Raising funds
Charilable acliviti8S
12,417
184.957
197.374
12.417
184,957
197,374
11.850
253.775
265,625
Total expenditure
Gainsl(10$s951 on invostm8nl assets
72,747
72.747
1,047,656
Nel Incomellexpendllure)
138,809
138,809
1,059,510
R•concillation of fvnd¥
Total funds brought fO￿ard
Total funds carrigd forwgrd
11,903.254 11,903,254
12,042.063 12.042,063
10.843,744
11.903,254
All of the income and exp8ndlture In 2023 related to unreslrlcted funds.
The notes on pages 12 to 21 form an Integial part of these financial statements.
Page 10

Rlchard Dumbreck's Singleton Trust
Balance Sheet as at 5 Aprll 2024
2024
2023
Noto
Fixed ass9ts
Tangible ass8ts
Investments
10
11
3.271
11,860,033
11,863.304
4,923
11,765.009
11,769,932
Current as8at8
Debtors
Cash at bank and in hand
12
23.555
184, 144
207,699
37.307
134.529
171,836
Credltor8: Amount8 falling due within
on• year
13
(28,940)
138,514)
Net currenl as$ot•
178.759
133,322
Net a8•at8
12,042.063
11,903,254
The funds of the ¢harlty'.
Unre8trlct•d fund8
Unre$lricted income funds
12,042,063
11,903,254
Total charlty lund$
The flnancial slalements have been prepared in accordance with the Flnanclal Reportlng Standard appllcable In
the UK and R8publlc of Ir8land IFRS 102).
12,042,063
11,903,254
Approved by the B08rd on 21 Nov8mb8r 2024 and signed on its behalf by:
K Walker
Trustee
P Allen
Trustee
The notes on pages 12 to 21 fom an integral part of these financial statements.
Page11

Richard Dumbreck's Singleton Trust
Notes to the Financlal Statements for the Year Ended 5 Aprll 2024
Accountlng pollcles
Statement of compllance
The accounts (financial statements) have been prepared under the historical c051 convention with iiems
recognised at cost or transaction value unless othemise slated in the relevant nolels} to these accounts.
The financial stalomenls have been prepared in accordance with the second edition of the Charities
Stat8ment of Recommended Practice issued in October 2019. the Financi81 Reporting Standard applicable
in the United Kingdom and Republic of Ireland {FRS 1021 and the Charities Act 2011 as amended by the
Charities Act 2022.
The accounts (financial statements) have been prepared to give a 'lrue and fair, vigw and have departed
from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required lo provide a 'true
and fair view,. This departure has involved following Accounting and Reporting by Charities preparing their
accounts in accordance wth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland
(FRS 1021 rather than the Accounting and Reporting by Chanlies.'Statement of Recommended Practice
effective from l April 2005 which has Since been withdrawn.
Basis of preparation
The charily meets the definition of a public benefit entity under FRS 102. Assets and liabilitiès are initially
recognised at historlcal cost or transaction value unless otherwise slated in the relevant accounting policy
notes.
Golng concern
These fin8nci21 statements have beèn prepared on a going concern basis.
Fund accounting policy
Unrestricted income funds are g&neral funds that are available for use at the Irustees. discretion in
furtherance of the objectives of the charity.
Further details of each fund are disclosed in note 16.
Income and endowments
Income from Government and other grants. whether 'capital' grants or 'revenue' grants, is recognised when
the charity has entitlement to the funds, any performance conditiDns attached lo the grants have been met,
it is probable that th8 income will be received and the amount can be measured reliably and is nol deferred.
Investment income is recognised on a receivable basis.
Income from charitable activities includes income recognised as earned las th8 related goods or services
are provided) under contract.
Pag8 12

Richard Dumbreck's Singleton Trust
Notos to th8 Flnanclal Statements for the Year Ended 5 Aprll 2024
. continued
Expendlture
Liabilitiés ale recognised as soon as thère is a legal or constructive obligation commltting the charity lo the
expenditur8. All expenditure is accounted for on an aocruals basis and has been classified under haadings
that aggregale all costs re18ted to the catégory.
Expenditure on ralsing funds are investment manag8m8nl faes.
Charitable expenditure comprises those costs incurrod by the Chartty In tha delivery of ils activities and
services for ils beneficiaries. It includas both costs that Can be allocated directly lo such activities and those
costs of an indirect nature necessary to support them.
Grants payable are payments made to third parties in the furtherance of the charitable objectives. Where
the charity gives a grant with conditions for ils payment being a specific level of 58rvice or output to bè
provlded, such grants are only recognised In the SOFA once the recipient of the grant has provSded the
speGifiG seNice or output.
Grants payable without perfonnance conditions are only recognised in the accounts when a commllment
has been made and there are no conditions lo be met relating lo the grant which remain in the control of the
charity.
Provisions for grants are made wthen the intenlion to make a grant has been communlcated to the recipient
bul Ihere is uncertginty about &ither the timlng of the grant or th8 amount of grant payablè.
Support costs
Support costs Include Contral functions and have been allocated to activity cost ¢alegorie$ on a bas18
¢onslslenl wllh the use of resources, for examp18. allocallng property costs by floor areas, or pér caplts,
staff costs by the lime spènt and oth8r costs by their usage.
Flxgd a$80ts
Indlvldual fixed assets cosllng £100 or more are Inlllally recorded al cosl.
Deprgclallon
Dapreclalion is provided on tangible fixed assets so as lo write ofl the cost or valuation, less any estimated
residual value, over their expected u8eful economic Ille as follows..
P18nl and machin8ry
Flxtures and fittings
20Yo reducing balance basis
250A Straight line basis
Cash and Cash Equlvalents
Cash and cash equivalents compris8 cash on hand and call deposits. an¢ other short-term highly liquid
Investments Ihat are readily convertiblo to 8 known amount of cash and arg subject to an insignificant risk of
change in value.
Invostment propertles
Certain of the charity's properties are held for long-lemi investment
No depreciation is provided in respect of investment properties and they are revalu8d annually. The surplus
or d6ficil on revaluation is credited or charged lo th8 Statement of financial activities based on the market
value 8t the yaar end.
Pago 13

Rlchard Dumbreck's Singleton Trust
Notes to the FlnanGlal Statements for the Year Ended 5 Aprll 2024
. continued
Investments
Fixed asset investments are included al market value at the balancè sheet date.
R8alis6d gains and losses on investments are calculated as the difference b91ween sales proce8ds and
thelr market valu6 at the start of the year, or their subsequent cost. and are charged or credited lo the
statement of the financial activities in the period of disposal.
Unrealised gains and losses repres8nt the movement in m8rkel values during the year and are credited or
charged to th8 slaternenl of financial activities based on the market value al the year end.
In￿stment Incomp
Unrnstrlctod Total Funds Total Funds
Funds
2024
2023
Dividends receiv6d
Bank deposit Interest
30,426
1,931
30,426
1.931
29,249
212
32,357
32.357
29,461
Charftablo actlvltle8
Unrestricted Total Funds Total Fund•
Funds
2024
2023
Singleton e8tato
Rental income
Other income
(Profitllloss on salo of tangible fixed assets held for Charitys
own use
231,079
231.079
226,203
21.190
625
231.079
231,079
248,018
Pa98 14

Rlchard Dumbreck's Singleton Trust
Notes to the FlnanGlal Statements for the Year Ended 5 Aprll 2024
. continu8d
Expendlture
Investment Slnglèton
Income
estate
Total
2024
Total
2023
Dlreet costs
Grants payable
Portfolio management fee
Foreigr¢ currency {gains)Ilosses
Utilities
Insurance
Repairs and renewals
Bad debts written off
35,474
35,474
12,476
(591
4,813
10,788
69,949
8.169
141,610
16,409
11,850
12,476
{59)
4,813
10,788
69,949
8,169
129,193
4,725
9,281
160,737
7,390
210,392
12,417
Support costs
Website expenses
Sundry expenses
Trustee expenses reimbursed
Account8ncy fees
The audit of the charity's annual accounts
Sècretarial Servirks
Legal and prolesslonal fèes
Depreciatson and impairm6nt
413
1,975
900
2,520
6,960
396
40,948
1,652
413
1,975
900
2,520
6,960
396
40,948
1,652
55,764
403
2.138
700
2.223
3.600
43,657
1,671
55,233
12,417
184.957
197,374
265,625
Page 15

Richard Dumbreck's Singleton Trust
Notes to Ihe Flnanclal Statements for the Year Ended 5 Aprll 2024
. continued
Grants payable
2024
2023
Kathrin Fryars
Contribution to Singleton School & Frlends of Slnglelon School
Contribution to Singelton School
Singleton & Thlstleton Gala
Singlalon Parish Council
Acorns Breakfast Club
Poppy Appeal
Singleton School
8ereavemenl Asslslance Donation lo a Local Resident
Rachael Bullough
L Fryars- Scarecrow
Payment towards Child Care
Payment towards Ghild Care
Planning application re Bowling club pavilion
Slngleton coronation lunch
50% contribution lo lrtler picking
Cost towards iPad
6.597
2,325
4,984
12,350
50
5.000
210
2,202
75
20
10,004
1,930
160
190
851
765
820
292
2,808
250
16,409
Govèrnan¢• ¢osts
2024
2023
Accovnlancy feès
Audftors remuneration - 2023 accounts
Auditorn remuneration - 2024 accounts
Legal and professional fees
2,520
1.920
5,040
40,948
50,428
2,223
3.600
43,657
49,480
Trustees. remuneiatlon and •xpon8es
£900 12023 £700) was paid to nine12023 s8ven> trustees for the reimbursement of Ir8veS expenses
during the year.
Pag8 16

Richard Dumbreck's Singleton Trust
Notes to the FlnanGlal Statements for Ihe Year Ended 5 Aprll 2024
contlllU8d
Net Incomlng resources
Net in￿Ming resources is stated aft8r chargingl{creditingl:
2024
2023
The audit of the charity's annu81
accounts
6,960
3.600
6,960
3,600
Proflt on disposal of langlblo
fixed assets
Depreciation of owned assets
1625)
1.671
1,652
Page 17

Richard Dumbreck's Slngleton Trust
Notes to the Flnanclal Statements for the Year Ended 5 Aprll 2024
. continued
Taxation
The regislared charity is ex8mpt from taxation on income and gains.
10 Tanglble Ilxed assèls
Plant and
machlnory
Flxtur•s,
includlng motor ffttlngs and
v•hl¢le8
equlpment
Total
Cost
As at 6 April 2023 and 5 Aprfl 2024
4,785
13,254
Depre¢latlon
As at6 April 2023
Charge for Ihe year
As al 5 April 2024
3,453
267
3,720
4.878
1,385
6,263
8.331
1,652
9,98.3
Not book value
As at 5 Aprll 2024
As at 5 April 2023
1,065
1,332
2.206
3,591
3,271
4.923
11 Inveslments held as fixed assèts
Investment
proportles
Llstod
Inve$tm•nts
Totsl
Markét valu•
As al 6 April 2023
R¥valuallon
Additions
Disposals
As al 5 April 2024
10,795,000
2,000
970,009
70,747
453,737
1431,4601
1,063,033
11,765,009
72.747
453,737
(431,460)
11,860.033
10,797,000
Not book value
As at 5 April 2024
As al 5 April 2023
All investment assets are either lisled on UK or ov8rseas Stock exchanges, or valued by reference to such
investments.
10,797.000
10,795.000
1,063,033
970.009
11,860,033
11,765,009
Investment property is comprised of properties rented out. Investment prop6rties were revalued by Richard
Cornish FRICS on behalf of Ingh8m & Yorke Chartered Surveyors In the year ended 5 April 2023. The
Board have reviewed the value of the investment properties and consider these lo be al fair value at tho
year ended 5 April 2024.
Page18

Richard Dumbreck's Slngleton Trust
Notes lo the Flnanclal Statements for the Year Ended 5 Aprll 2024
. continued
12 Debtors
2024
2023
Trad8 debtors
Other debtor9
Pr8paymenls and accrued Income
11,491
16,498
10.004
10,805
37,307
12,064
23,555
13 Cr•dltors'. Amounts falllng due wlthln one year
2024
2023
Tradè credllo
Accruals and deferred Incoma
4,319
24,621
28.940
10.110
28,404
38,514
14 Non4dJustlng post balance •h••t avonts
A sile with tha b8n8fil cf outline planning pemission for a small r8sid8nllal development schem8 on land at
Manor Farm. to the south of Weeton Road, has been marketed for sale by lender and conditional contracts
for Ils sale to Lanlay Developmenls Ltd were exchanged in January 2024. Tlie sa.'e is conditional on a
8alisfactory full plannlng permlssion bèing obtainèd by Lanley together wth the Trustees approval to the
proposed plans and the outcom6 of the application was awaited at ihe financial year end.
15 Ralated partles
Controlllng entily
The charily Is controlled by the trusleB8.
Rèlated party transactlons
Anne Rogerson {Trusteel is a partner in W Rogerson & Sons, tenants of Part Grang8 Fam7 and of Slnglelon
Park. She doe5 not vote al any Trustees meetings on 8Dy matters which are related to those two area5 of
land. Michael Smith (Trusleel rents a cotlage from the Trust. The tenancy of the cottage commenced prior
to his appointment as a Trusleg. Keith Walker is a Governor of Singleton School and Alec Davies Is Chalr
of the Governor5 al Singleton School. They do not votè al any Tru51ee Meetings on any mallers which are
re181ed lo making loansldonations lo Singleton School. Sara Cholmondeley ITru5tee) is also a member of
the Singleton and Thistleton Gala Committee. who the Tnjsl have made a contribution to in this financi81
yoar. Sara is nol involved in discussions regarding the level of financi81 contribution to be made. There are
no related paty Iransactions involving any other trustees.
Page 19

Richard Dumbreck's Singleton Trust
Note5 to the Flnanclal Statements for the Year Ended 5 Aprll 2024
. Continued
16 Analysls of funds
Other
rèeognlsad
galn$llos$es
At 6 Aprll
2023
Incomlng
re80urces
Resources
expended
At 5Aprll
2024
Gèneral Fundg
Unrestricted income fund
11,903,254
263.436
1197,374)
72,747
12,042.063
Pag8 20

Rlchard Dumbreck's Singleton Trust
Notes to the Flnanclal Statements for the Year Ended 5 Aprll 2024
. continued
Prior p•riod
At 6 Aprll
2022
Incomlng
resour¢e8
Rèsources
exponded
Other
rocognised
9ainsllo8808
At 5 Aprll
2023
Genoral Fund8
Unr8stricted Incomè fund
10,843,744
277,479
1265,6251
1,047,656
11,903,254
17 Nel 4$8ots by fund
Unrestrlctod
Funds
Total Fund•
2024
Tolal Funds
2023
T8ngible assets
Investmanls
Current assftls
Creditors.. Amounts f8lllng due wthln one year
Nel assets
3.271
11.860,033
207,69g
128,940)
12.042,063
3,271
11,880,033
207,699
128,940)
12,042,063
11,765.009
171,836
(38,514)
11.903,254
Prlor perlod
Unr•strl¢tèd
Funds
Total Funds
2023
Total Funds
2022
Tangible assets
Investments
Current assets
Creditors: Amounts f81I1ng due within one year
Net ass8ts
4,923
11,765,009
171,836
138,5141
11.903.254
4,923
11,765,009
171,836
{38,5141
11.903,254
6.044
10,725.001
135,224
(22,525)
10,843,744
Page 21