Company No: 05947391
Charity No: 1119426
Osbaldeston Trust
IA Registered Charity and Company
Limited by Guarantee)
Report and Financial Statements
For The Year Ended
31 December 2020
mha
MOORE & SMALLEY

OSBALDESTON TRUST
CONTENTS
Page
Charity details
Trustees, report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the accounts

OSBALDESTON TRUST
CHARITY DETAILS
Trustees:
R Atkinson
R G Gates
C F Marsden
Rev M Sawle
K Williamson
Secretary..
Rev M Sawle
Registered office:
Richard House
9 Winckley Square
Preston
PR1 3HP
Charity number:
1119426
Independont examiner:
Nicola Mason FCA, DChA
MHA Moore and Smalley
Chartered Accountants
Richard House
9 Winckley Square
Preston
PR1 3HP

OSBALDESTON TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees present their report and financial statements of the charity for the year ended 31 December
2020. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI
'Accounling and Reporting by Charities. IFRS 1021 in preparing the annual report and financial statements of
the charity.
The financial statements have been prepared in accordan￿ with the accounting policies set out in notes to
the accounts and comply with the charity s goveming document, the Charities Act 2011 and Accounting and
Reporting by Charities". Statement of Recommended Practice applicable lo charities preparing their accounts
in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland published
in October 2019.
Structure, Govemance and Management
Governing document
The charity originated from the will of John Osbaldeston dated 26 November 1665, in which a bequest of
£500 was made which was required lo be invested for the yearly relief and maintenance of the poor of the
township of Leyland. The company was incorporated on 26 September 2006 and is governed by a
Memorandum and Articles of Association.
Recruitment and appointment of new trustees
Training and instruction is provided for new trustees by means of meetings with the current trustees and
discussions with regard to responsibilities and pro￿dure$.
After the resignation of any sole d1￿clOr appointed for incotporation purposes only. the nLJmber of directors
musl not be less than three, but lunless otherwise determined by ordinary resolulionl are not subject to any
maximum. The charity may only appoint new directors by ordinary resolution. At the first annual general
meeting all the directors had to ￿tIre and be re-elected, and al subsequent annual meetings one-third of the
directors must reti￿ and are eligible for reappointment.
Objects, Activities and Public Benefit
Objgcts
The objects of the charity are..
To relieve either generally or individually persons resident in Leyland and the surrounding area who are in
conditions of need, hardship or distress by the provision of housing, accommodation, and related benefits
calculated lo reduce the need, hardship or distress of such persons.
Activities
The charity owns 12 12019". 121 almshouses and is a member of the Almshouse Association. The trustees
have had due ￿gard lo guidance published by the Charity Commission on public benefit.
Achievements andperformance
All properties continue to be fvlly occupied ex￿p1 ft)r periods of transition. The Trust will endeavour to keep
all properties fully occupied.
The Trust will continue to rebuild a healthy level of reserves for any future refurbishment work which may be
quired.

OSBALDESTON TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
Financial Review and Future Plans
The statement of financial activities is on page 5.
Out of the £1,213,775 12019.. £1,192,255) unreslricled funds, there is a surplus of £166,275 12019.
£144,755) on free reserves.
Free reserves excludes the fixed assets and bank loan to fund the
enhancements lo the propety. The trustees wish lo hold enough reserves to cover 12 months running costs
which equates lo approximately £30,000. The surplus funds will be used to build a healthy reserve for any
future refurbishment work.
vid1
The Trustees remain mindful of possible financial pressures on the Trust as a result of the Covid 19 crisis
and have concluded that there is no significant going COn￿M risk.
This report was approved by the trustees and authorised for issue on 28 May 2021 and signed on their
behalf by..
K Williamson - Trustee

OSBALDESTON TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF OSBALDESTON TRUST
I report to the charity trustees on My examination of the accounts of the charitable company for the year
ended 31 December 2020 which are set out on pages 5 10 12.
Responslbllltles and basls of report
As the charity trustees of the charitable company land also ils directors for the purposes of company lawl
you are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 20061'the 2006 Acl'l.
Having satisfied myself that the accounts of the Charitable company are not required to be audited under Part
16 of the 2006 Act and are eligible for Independent examination, I report in respect of my examination of your
charitable company's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In
carrying out my examination I have followed the Directions given by the Charity Commission under section
14515llbl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confimi that no mallers have come lo my allenlion in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charitable company as required by section 386 of
the 2006 Act., or
the accounts do not accord with those records,. or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a 'lrue and fair view, which is not a matter considered as
part of an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102}.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be
reached.
2410612021
Dale..
Nicola Mason FCA. DChA
MHA Moore and Smalley
Chartered Accounlanls
Richard House
Winckley Square
Preston PR13HP

OSBALDESTON TRUST
STATEMENT OF FINANCIAL ACTIVITIES
IINCLUDING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2020
Unrestricted
general
funds
Total
funds
2020
Total
funds
2019
Incomo from:
Note
Charitable activities
Investments- bank interest
47.749
1,015
47,749
1,015
46,407
400
Total income
48.764
48.764
46,807
Expendlture on:
Charitable a¢tivilie5
Other- loss on sale of fixed asset
27,244
27,244
34,434
11,688
Total expenditure
27,244
27,244
46,122
Net income
21.520
21.520
685
Other recognised losses
Loss on revalution of fixed assets
149,7861
Net movement in funds
21.520
21,520
149,1011
Reconciliation of funds:
Total funds brought forward al 1 January 2020
1 192,255
1 192 255
1241 356
Total funds carried forward at 31 December 2020
1,213,775
1,213,775
1, 192,255
All of the above amounts relate lo continuing activities.

OSBALDESTON TRUST
BALANCE SHEET
2020
2019
Note
Fixed assets
Tangible assets
1.047.500
1,047,500
Current assets
Cash at bank and in hand
Debtors
165,859
2,050
143,522
2,855
Credltors: amounts falllng due wlthln
one year
11,6341
1,622
Net current assets
166,275
144,755
Net assets
1.213.775
1,192,255
Represented by..
Unreslricled general funds
1.213.775
1,192,255
Total funds
1213 775
1 192,255
AS AT 31 DECEMBER 2020
For the year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Trustees. responsibilities..
The members have not required the charity to obtain an audit of its accounts for the year in question in
accordance with section 476,. and the Iruslees acknowledge their responsibilities for complying with the
requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts were approved and aulhorised for issue by the trustees on 28 May 2021 and are signed on
th.eir beh.alf by..
K Williamson - Trustee
Company Number: 05947391
The notes on pages 7 10 12 form part of these financial stalemenls.

OSBALDESTON TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Accounting policies
The trust Is a registered charity, established under the last will of John Osbaldeston dated 26
November 1665. In the event of the charity being wound up, the liability in respect of the guarantee
is limited to £1 per member of the charity. The address of the registered office is given in the charity
information on page 1 of these financial statements. The nature of the charity's operations and
principal activities are on page 1.
The charity conslilutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of loland issued in October 2019,
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS
1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Aceounting
Practice.
The financial statements are prepared on a going concern basis under the historical cost convention,
modified to include certain items at fair value. The financial statements are presented in sterling
which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial ststemenls are set
out below. These policies have been consislenlly applied to all years presented unless othemise
stsled.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that
no material uncertainties exist. The trustees have considered the level of funds held and the
expected level of income and expenditure for 12 months from aulhorising these financial statements.
The Trustees remain mindful of possible financial pressures on the Trust as a result of the Covid-
19 crisis and have concluded that there is no significant going concern risk. The budgeted income
and expenditure is sufficient with the level of reserves for the charity lo be able to continue as a
going COn￿M.
Incomlng resources
All incoming reSoUr￿S are included in the Statement of Financial Activities when the charity is
legally enlilled lo the income and the amount can be quantified with reasonable accuracy. Grants
reslricled by the terms of the grantor are shown under reslricled funds.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related lo the category. Irrecoverable VAT is included with the net costs. Where
costs cannot be directly attributed to particular headings they have been allocated lo activities on a
basis consistent with use of the resources.
Tangible fixed assets and depreciation
Tangible fixed assets costing more than £1,000 are capilalised and Included al cost including any
incidental expenses of acquisition.
Depreciation has not been charged on freehold buildings as the trustees consider the estimated
residual value of the propety lo be a significant proportion of the book value, SLJch that the
depreciation would be immaterial. The estimated residual value is expected to be high due lo the
charity's policy of maintaining the property such that physical deteriorab'on does not occur and the
cost5 of such maintenance are charged in the year of incidence.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged lo the Statement of
Financial Acb'vities.

OSBALDESTON TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Accounting policies {continugd)
Tangible fixed assets and depreciation
Properties whose fair value can be measured reliably are held under the revaluation model and are
carried al a revalued amount, being their fair value at the dale of valuation less any subsequent
accumulated depreciation and subsequent accumulated impaimient losses. The fair value of the
land and buildings is usually considered to be their market value.
In accordance with the
requirements of FRS 102, revaluations are carried out with sufficient regularity to ensure that the
carrying amount does not differ materially from that which would be determine using fair value at the
end of the reporting period.
Revaluation gains and losses are recognised in the Statement of Financial Activities.
Impairment of assets
At each reporting period end date, the charity reviews the carying amounts of its tangible and assets
to determine whether there is any indication that those assets have suffered an impairment loss. If
any such indication exists, the recoverable amount of the asset is estimated in order to determine
the extent of the impairment loss lif any).
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value
in use, the estimated future cash flows are discounted lo their present value using a pre-tax discount
rale that reflects current market assessments of the time value of money and the risks specific to the
asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset is estimated to be less than ils carrying amount, the carying
amount of the asset is ￿dUCed to ils recoverable amount. An impairment loss is recognised
immediately in the Statement of Financial Activities
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted fvnds that have been sel aside by the Iruslees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Financial instruments
Financial instruments Sre classified and accounted for, according to the Substan￿ of the contoclual
arongement, as either financial assets or financial liabilities.
Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the Iruslees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo
accounting estimates are recognised in the period in which the estimate is revised where the ￿vIsion
affects only that period, or in the period of the revision and future periods where the revision affects
both current and future periods.

OSBALDESTON TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Judgements and key sources of estlmatlon uncertalnty {contlnued)
Key sources of estimation uncertainty
The eslimales and assumptions which have a significant risk of causing a material adjustment to the
carrying amount of assets and liabilities are as follows.
Valuation of property
As described in note 6 to the financial statements, investment properties are ststed at fair value
based on the valuation perfomied by a Chartered Surveryor and RICS Registered Valuer dated 1
November 2019. This has been calculated by his knowledge and experience in property vlues in the
Lancashire and North Wesl area.
Income resources from charitable activities
Unrestricted
general
funds
Total
funds
2020
Total
funds
2019
maintenan￿ income
47,749
47.749
46.407
Prior year charitsble activities income is in relation lo unrestricted general funds.

OSBALDESTON TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Expenditure
Unrestricted
general
funds
Total
funds
2020
Total
funds
2019
Administration
Legal & Professional fees
Telephone
Council Tax
Insurance
Gas and electricity
Independent examination
Other accountancy fees
Book keeping fees
Sundry
Donations paid
Loan interest payable
Mileage
Lifeline maintenance and monitoring
Repairs and maintenan
Loss on sale of property
290
290
70
1,854
180
84
3,878
266
942
143
800
245
180
180
3.326
3.326
990
468
1.000
90
1.000
990
468
1.000
90
1.000
419
120
2,021
23,412
11,688
46,122
100
1.952
17.848
100
1,952
17,848
27.244
27.244
Re-valuation of properties
49,786
27,244
27,244
95,908
Prior year charitsble activities expenditure is in relation to unrestricted general funds.
Operatlng proflt
2020
2019
Net income is slated after charging".
Independent examinab.on fee (exclusive of VATI
Other accountancy fees (exclusive of VATI
Loss on sale of tangible fixed assets
825
785
119
11,688
-10-

OSBALDESTON TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Tangible fixed assets- used by Charty
Freehold
land and
buildings
Total
Cost
Al 1 January 2020
Additions
Disposals
Revaluation
1.047.500
1.047.500
At 31 December 2020
1.047.500
1.047.500
Depreciation
Al 1 January 2020
Charge for the year
Eliminated on disposals
Eliminated on revaluation
At 31 December 2020
Net book value
At 31 December 2020
1,047,500
1,047,500
Al 31 De￿mber2Ol9
1,047,500
1,047,500
There were no disposals of almhouses during the year.
There were no revaluations during the year. Revaluations will take place on all Almhouses once
every 5 years.
Debtors
2020
2019
Prepayments and accrued income
2,050
2,855
2,050
2,855

OSBALDESTON TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2020
Creditors: amounts falling due within one year
2020
2019
Accrued charges
Sundry creditors
990
680
1,634
1,622
Trustees remuneration and expenses
No remuneration or expenses have been paid to the board of Iruslees.
10
Related party transactions
There were no related party transactions in the current or previous year.
11
Fund reconciliation and anatysis of net assets between funds
All funds in 2020 and 2019 relate lo general ull￿ slricted funds.
-12-