OSBALDESTON TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Company registration number 05947391 (England and Wales)
Charity registration number 1119426 (England and Wales)

OSBALDESTON TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr R Gates
Mr CF Marsden
Mr M Sawle
Mr K Williamson
Secretary
Mr M Savle
Charlty number (England and Wales)
1119426
Company number
05947391
Reglstered offlce
7-9 Station Road
Hesketh Bank
Preston
Lancashlre
PR4 6SN
Independent examlnor
Champion TLL Limited
7-9 Station Road
Heskelh Bank
Preston
Lancashire
PR4 6SN

OSBALDESTON TRUST
CONTENTS
Page
Trustees report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes lo the financial statements
6-13

OSBALDESTON TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set oul in notes to the
accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Objectlves and actlvltles
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, accommodalion. and related benefits calculated
to reduce the need, hardship or distress of such persons.
The charity owns 13 (2023: 13) almshouses and is a member of the Almshouse Associatlon. The Irustees have had
due regard to guidance published by the Charity Commission on public benefit.
Publlc benefit
The trustees have paid due regard to guidance Issued by the Charily Commission in deciding what actlvlties the
charity should undertake.
Achlevements and performance
Significant aclivilies and achievemenls against objectives
All properties continue to be fully occupied except for periods of transition. The Trust will endeavour to keep all
properties fully occupled.
The Trust will contlnue to rebuild a healthy level of reserves for any future refurbishment work ￿1¢h may be
required.
Flnanclal revlew
The statement of financial activitles is on page 5.
Out of the £1.481,803 (2023.. £1.282.585) unrestricted funds, there is a surplus of £111.303 (2023.. £96,347) of free
reSe￿e5. Free reserves excludes the fixed assets. The trustees wish to hold enough reserves to cover 12 months
running costs which equates lo approximately £45,000. The surplus funds will be used to build a healhy reserve for
any future refurbishment work or to purchase further properties.
Reserves policy
Rlsk Management
The trustees have a duty to identify risks and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees actively review the major risks which the charily faces on a regular basis through regular meetlngs of
the trustees which cover operational and financial reviews. The trustees also examine other operational and
business risks which the trust face and confirm thal they have established systems to mitigate the significant risks.
Inveslmenl policy
Investment pollcy
The trustees keep in review the funds of the charity and will ensure that investments are made which are in the best
interests of the charity.
structure, governance and management
The charily originated from the will of John Osbaldeston dated 26 November 1665, in which a bequest of £500 was
made which was required to 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.

OSBALDESTON TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees, who are also the directors for the purpose of company law, and who senfed during the year and up to
the date of signature of the financial statements were=
Mr RAlkinson
(Resigned 9 May 2024)
Mr R Gates
Mr CF Marsden
Mr M Sawle
Mr K Williamson
MrA W Atkinson
(Resigned 9 May 2024)
Recruitment and appointment of Irustees
Training and instruction is provided for new trustees by means of meetings with the current trustees and discussions
with regard to responsibiSities and procedures.
After the resignalion of any sole director appointed for incorporation purposes only, the number of directors must not
be less than three, bul (unless otherwise determined by ordinary resolution) are not subjecl to any maximum. The
charity may only appoint new directors by ordinary resolution. At the first annual general meeting all the directors
had to retire and be re-elected, and at subsequent annual meetings one-third of the directors must retire and are
eligible for reappointment.
The trustees report was approved by the Board of Trustees.
Mr K Williamson
Trustee

OSBALDESTON TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF OSBALDESTON TRUST
I report to the trustees on my examinalion of the financial statements of Osbaldeston Trust (the charity) for the year
ended 31 December 2024.
Responslbllltles and basls of report
As the trustees of the charily (and also its directors for the purposes of company law), you are responsible for Ihe
preparation of the financial statements in accordance with the requirements of the Companies Acl 2006.
Having satisfied myself that the financial slatements of the charity are not required to be audited under Part 16 of
the Companies Act 2006 and are eligible for independent examination. I report in respect of my examination of Ihe
charity's financial statements carried out under seclion 145 of the Charities Act 2011. In carrying out my examinalion
I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examlner's statement
I have completed my examinalion. I confirm that no matters have come to my attentlon in connection with the
examinalion giving me cause to believe that in any material respect-
accounting records were nol kept in respect of the charity as required by section 388 of the Companies Act
2006.
the financial statements do not accord with those records., or
the financial statements do not comply wilh the accounting requirements of section 396 of the Companies Act
2006 other than any requirement that the financlal statements give a true and fair view, whlch is ncl a matter
considered as part of an independent examination., or
the financial statements 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in conneclion with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Champlon TLL Llmlted
P Bell ACCA
7-9 station Road
Hesketh Bank
Preston
Lancashire
PR4 6SN
Date..
Oi

OSBALDESTON TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestrlcted Unrestrlcted
funds
funds
general deslgnated
2024
2024
Total Unrestrlcted Unrestrlcted
funds
funds
general deslgnated
2023
2023
Total
2024
2023
Notes
Income from..
Charitable activities
Investments
57.822
2.617
57,822
2,617
49.326
2,016
49,326
2,016
Total Income
60,439
60,439
51,342
51,342
Expendltur8 on:
Charitable activities
45,483
45,483
34.221
34,221
Total expendlture
45,483
45,483
34,221
34,221
Net gainsl(Ioss8s) on
Investments
184,262
184.262
Net Income
14.956
184,262
199.218
17,121
17,121
Transfers between
funds
(138,738)
138.738
Net movement In
funds
14,956
184.282
199,218
(121,617)
138,738
17,121
Reconclllatlon of funds:
Fund balances at 1 January
2024
96.347 1,186,238 1.282.585
217,964 1,047,500 1,265.464
Fund balances at 31
December 2024
111,303 1,370,500 1,481,803
96,347 1,186,238 1,282,585
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

OSBALDESTON TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
FIx8d assets
Tangible assets
11
1,370,500
1,186,238
Current assets
Debtors
Cash at bank and in hand
12
2,413
112,743
2,245
96,744
115.156
98.989
Credltors: amounts falllng due wlthln
one year
13
(3.853)
{2,642)
Net current assets
111,303
96,347
Total assets less current Ilabllltles
1,481,803
1.282.585
Income funds
Designated funds
General unrestricted fund8
16
1.370,500
111.303
1,186,238
96,347
1.481,803
1,282,585
1,481,803
1,282.585
The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006. for the year ended 31 December 2024.
The dlrectors acknowledge their responsibilities for complying with the requlrements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not requlred the company to obtain an audit of its financial statements for the year in question In
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to Ihe small companies regime.
The financial statements were approved by the Trustees on .
Mr K Williamson
Trustee
Company reglstratlon number 05947391

OSBALDESTON TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
Charlty Informatlon
Osbaldeston Trust is a prlvate company limited by guarantee incorporated in England and Wales. The
registered office is 7-9 Station Road. Hesketh Bank. Preston. Lancashire, PR4 6SN.
1.1 Accountlng convenllon
The financial statements have been prepared in accordance with Ihe charity's governing document, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland. ("FRS 102°) and the Charities SORP "Accounting and Reporting by Charities.. Statement ol
Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The
charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of
Cash Flows.
The financial statements are prepared in sterling. which is the functional currency of the charily. Monetary
amounls in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historlcal cost convention. modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value. The principal accounting policies adopted are set out b810w.
1.2 Golng concern
At the lime of approving the financial stalements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trLLqtees
continue to adopt the going concern basis of accounting in preparing the financlal statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the tTUStees in furtherance of their charitable
objectives.
Designated funds are general funds which have been set aside by the trustees for specific purposes. These
can be designated and undesignated as required.
Restricted funds are subject to specific conditions by donors or granlors as to how they may be used. The
purposes and uses of the restricted funds are set oul in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or othepwise if the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a
contingent asset.

OSBALDESTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcies
(Contlnued
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in setllemenl, and the amount of
the obligation can be measured reliably.
Expenditure is classified by aclivity. The costs of each activity are made up of the total of dir&t costs and
shared costs, including support costs involved in undertaking each activity. Direcl costs attributable to a single
activity are allocated directly to that activity. Shared costs which conlribule to more than one activity and
support costs which are not atlribulable to a single aclivily are apportioned between those activities on a basis
consistenl wilh the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tanglble fSxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Freehold land and assets in the course of construction are not depreciated.
The gain or loss arising on the disposal of an asset is determined as Ihe difference belween the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impalrment of flxed assets
At each reporting end dale, the charity reviews the carrying amounts of ils tangible assets to determine
whether there is any indication Ihal those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the Impairmenl
loss (if any).
1.8 Cash and cash equlvalenls
Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-term liquid
Investments with original maturilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabililies.
1.9 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12
'Other Flnancial Instruments Issues, of FRS 102 to all of its financial instruments.
Flnancial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, wilh the net amounts presented in the financial statements, when
there is a legally enforceable right to sel off Ihe recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured al the present value of the future receipts discounted at a market rate of interest. Financial assels
classified as receivable within one year are not amortised.

OSBALDESTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
(Contlnued)
Basic financial liabilltles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement conslitules a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effeclive interest rate method.
Trade credltors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as currenl liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at
Iransaclion price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of flnanclal Ilabllltles
Financial liabilities are derecognised when Ihe charity's contractual obligations expire or are discharged or
cancelled.
Incomo from charltable actlvltles
Malntenancemalntenance
ofAlms
ofAlms
Houses
Houses
2024
2023
Maintenance fees
57,822
49,326
Analysls by fund
Unreslricled funds - general
57,822
49,326
Income from Investments
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Interest receivable
2,617
2,016

OSBALDESTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expendlture on charltable activltles
Alms
Houses
2024
Alms
Houses
2023
Dlrect costs
Admin expenses
Telephone
Insurance
Book-keeping
Sundry
Donations paid
Llfeline
Repairs and renewals
Professional fees
868
651
180
3,047
1,320
71
1,000
2,361
23,532
35
524
3,360
1,550
72
1,500
2,412
30,851
2,082
1,188
43,883
32,721
Share of support and governance costs (seo note S)
Governance
1,600
1,500
45,483
34,221
Analysls by fund
Unreslricled funds - general
45,483
34,221
Support costs allocated to actlvltles
Alms Houses
2024
Total
2023
Governance
1,600
1.500
Net movement In funds
2024
2023
The net movement in funds is slated after chargingl(crediting):
Fees payable for the independent examination of the charily's financial
statements
1,600
1,500
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.

OSBALDESTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Employees
2024
Number
2023
Number
Total
There were no employees whose annual remuneration was more than £60.000.
Remuneratlon of key management personnel
The remuneration of key management personnel was as follows:
Galns and losses on Investments
Unrestrlcted Unr8Strlcted
funds
fund8
deslgnated deslgnated
2024
2023
Gainsl{losses) arlslng on:
Revaluation of investment properties
184,262
10 Taxatlon
The charity is exempt from taxation on its activities because all ils income is applled for charitable purposes.
11 Tanglble flxed assets
Freghold land
and bulldlngs
Cost
At 1 January 2024
Revaluation
1,186,238
184,262
At 31 December 2024
1.370,500
Carrylng amount
At 31 December 2024
1,370,500
At 31 December 2023
1,186,238
There were no disposals of almhouses during the year.
The properties were revalued by an independent reviewer in July 2024. It is the policy of Ihe Charity that
revaluations will take place on all Almhouses once every 5 years wilh Ihe next being due in 2029.
10-

OSBALDESTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Debtors
2024
2023
Amounts falllng due wlthln one year:
Other debtors
Prepaymenls and accrued income
410
2,003
409
1,836
2,413
2,245
13 Credltors: amounts falllng due wlthln one year
2024
2023
other credltors
Accruals and deferred income
2,253
1,600
1,142
1,500
3,853
2,642
14 Unre8trlcted funds - deslgnated
Thes8 are unrestricted funds which are material to the charity's aclivilies.
At 1 January
2024
Incomlng
resources
Transfers
Galns and
losses
At31
December
2024
184.262
184,262
1,370,500
Designated
1.186.238
184,262
1.186.238
184,262
184,262
1,370,500
Prevlous year:
At 1 January
2023
Incomlng
resources
Transfers
Galns and
losses
At31
December
2023
Designated
1,047.500
138.783
1,186,283
1,047,500
138,738
1,186,238
11

OSBALDESTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Unr8Strlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and granls which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 January
2024
Incomlng
resources
Resources
expended
Transfers
Galns and
losses
At31
December
2024
Designated
Unrestricted
1,186,238
96,347
184,262
1,370,500
111,303
60,439
(45,483)
1,282,585
60,439
(45,483)
184.262
1.481,803
Prevlous year: At 1 January
2023
Incomlng
resources
Resources
expended
Transfers
Galns and
losses
At31
D8cemb8r
2023
Designated
Unrestricted
1,047,500
217,964
138,738
(138,738)
1.186,238
96,347
51.342
(34,221)
1,265,464
51,342
{34,221)
1,282,585
Designated funds of £1,370,500 (2023.. £1,186,238) relate to the net book value of the fixed assets which are
not liquld funds and cannot be easily realised for the day to day running of the charily.
16 Analysls of nat assels between funds
Unrestrlcted Unrestrlcted
funds
funds
general deslgnated
2024
2024
Restrlcted Endowment
funds
funds
Total
2024
2024
2024
Fund balances at 31 December 2024 are
represented by:
Tangible assets
Current asselsl(liabilities)
1,370.500
1,370,500
111,303
111.303
111.303
1,370.500
1,481,803
12-

OSBALDESTON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Analysls of net assets between funds
(Contlnuedl
Unrestrlcted Unrestrlcted
funds
funds
general deslgnated
2023
2023
Restrlcted Endowment
funds
funds
Total
2023
2023
2023
Fund balances at 31 December 2023 are
represented by:
Tangible assets
Current assetsl(liabililies)
1,186,238
1,186,238
96,347
96,347
96.347
1,186,238
1,282,585
17 Related party transactlons
There were no disclosable related party transactions during the year (2023 - none).
13-