OSBALDESTON TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Company registration numbgr 05947391 IEngland and Walgs) Charily registration nL¢mber 1119426 (England and Walesl
OSBALDESTON TRUST LEGAL AND ADMINISTRATIVE INFORMATION TrusteeB Mr R Gates Mr CF Marsden Mr M Sawle Mf K Williamson Mrs H J Higgins (Appointed 1 May 20251 S8cratary Mr M Sawle Country of Incorporatlon Uniled Kingdom (England and Wales) 05947391 Charlty raglstratlon England and Wales 1119426 Reglst•r•d offlce 7-9 Slalion Road Hesketh Bank Pfeston Laneashire PR4 SSN Indepondènt èxamlner P Bell FCCA Ch8mpion TLL Limited 7-9 Slatlon Road Pre8lon Lancashlre PR4 6SN
OSBALDESTON TRUST CONTENTS Pag8 Trustees report Ind9pendent examinevs report Statement of financi81 activiliBs Balance sheet Notes to the financial statements 6-13
OSBALDESTON TRUST TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present Ihelr annual report and financial statements for th8 year en(J9d 31 December 2025. The flnanclal slalements havg been prepared in accordance with the a¢counlSng polici&s set out in notes to the accounls and comply with the charity s governing document, the Charities Act 2011 and Ac¢ountlng and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Flnanclal Reporting Stsndard applicable in the UK and Republic of Ireland published in October 2019. Oble¢tlve$ and actlvltles To relieve eilh9r generally or individually persons resident In Leyland and the Surroundlng area who are in conditions of need, hardship or distress by th8 provision of housing, accommodation. and related b8nefils calculated to redLsce the need. hardship or dislr9ss of such persons. The ¢h8rlly owns 1312024.. 131 almshouses and is a member of the Almshouse Assoclation. The Iruslegs have had due regard lo guldance published by the Charily Commission on public benefit. Public benerfil The trustees have paid due regard lo guldance issued by the Chority Commissiorb in decldlng what activities lh8 charity should undertakg. A¢hl&vgmants and performance SigftJili¢ant activities and 8¢hièvemenls again81 obj8cliv6s All proportles continue lo bo lully occupied except for p&rlods of Iran811ion. The Trust will endeavour to keBp all properties fully ouupied. The Trust wlll continue lo rebuild a healthy level of rtsserves for any future refurblshment work which may be required. Flnanclal revlew The ststemenl of financi818Ctivilies is on pau& 5. Out ol the £1.508,97512024-. £1,481,803) unreslricled fund8, there is a surplu5 of £112,47512024'. £111,303 1 of free reserves. Free resewgs èxcludes Ihe fixed assets. The Iruslees wish to hold enough resetV9$ to cover 12 months running costs which equates to approximately £45,000. The surplus funds will bg used to build a healthy reserve for any fulure refurblshmenl work OT lo pur¢h8s$ furiher properties. Reserves ptrlicy R15k Management The Iruslees have a duly lo identify risks and VIeW the risks to which the charily Is extx)sed and lo gnsure appropriate controls are in place lo providtr rgasonable assurance against fraud and error. The Iru51ees actlvely review the major risks which the charity faces on a regular basis Ihrough regular mgellngs of the truslees whioh cover operational and financial reviews. The Iruslees also examlne other operational and busin8ss risks which the trust lace and confirm that they have established systems lo miligal8 Ihe signilicanl risks. Invgslmenl policy Investment pollcy The trustees keep in review the funds of the charily and 11 ensure that invèslments are made whlch are In the best Interests of the charity. structure, governance and managemènt Thè charity originated from the will of John Osbaldeston dated 26 Novamber 1665, in which a bequest of £500 was made whlch was required to be invested for Ihg 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 2025 The trustees. who are also the directors for purpose of company law, and who served during th8 year and up lo the dale of signature of the linan¢ial stalemenls were.. Mr R Gales Mr CF Marsdtsn Mr M Sawle Mr K William50n Mrs H J HgInS {Appolnled 1 May 20251 ReGruilmefit and appoinlmeftl of Irustees Training and instruction is providgd for new Iruslees by means of meetings wllh Ihg current Iruslees and dlscusslons with regard lo rtssponsibililies and pro¢edur&s. Alter the resignation of any solg dir¢¢tor appointed for Incorporation purposes only, th6 number of directors musl not be less than thie8. but (unless otherwise determined by ordinary resolulionl are not subject to any maximum. The charity may only appoint new direclors by ordinary resolulion. Al th8 first annual general meeting all Ihe directors had to reliTe 8nd be re-elected, and al subsequent annual meetings one-third of the dlreclors musl rellre and are eligible lor reappoinlm&nt. Thè Iruslegs report was approved by the Boar<1 ofTrusleos. Mr K Wllliamson Trustee Dale..
OSBALDESTON TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OSBALDESTON TRUST I report lo tho trustees on my examinallon of Ihe financial sla18m8nls of Osbaldeslon Trust Ilhe charllyl for the year ènded 31 December 2025. R6sponslbllltles and basls of report As the truslees of th8 charity land also ils directors for the purposes of company lawl, you a¥e responsible for Ihg prtrpar8tlon of the financial statements In accordance wilh the requlremenls of the Companies Act 2006. Having satisfied myself that the finan¢lal slatèments of the charily are nol r8qulred lo be audited under Part 16 of the Cornpani8s Act 2006 and are eligiblè for Independent examinalion, I report In respect of my exatnination of the charity's financial stalem6nls carried out under se19n 14S of the Charities Act 2011. In cairying out my examination I h4vg followod ihe Oireclion8 givgn by the Charity Comrnission undor section 14515}Ibl of the ChariliosAcl 2011. Ind•p&nd•nt gxamlnerfs stat•mgnt I havè ¢ompleted my exafflin81ion. I confirm that no mallers have come to my allenlion in connection wilh the examination giving me Cause lo believe that in any material respect.. accounting records were not kept in respect of the ¢harity as requiTed by sectlon 386 of the Companies Act 2006. the liftancial sialemenls do nol accord wilh those records: or thè flnancial slalemenls do not comply with the accounting requirements of secliors 396 of thg Companies Act 2006 other than any requirement that the flnancial slalements give a true and fair view. which is not a matler Considered as part of an Independent examination.. or the financial statements have nol been Prepared in accordance with Ihe rnelhods and principles of the Slalernent ol Recommended Praclico for accounting and roporting by charilies applicable lo charities preparing their financial slatemenls in accordance wlth Ihe Financial Reportlng Standard applicable in the UK and Ropublic of Ireland IFRS 1021. I have no concerns and have come across no other mallers in connection wilh the examination lo whleh attenlion should be drawn in Ihls ieport in order lo enable a Proper understanding ol the financial statemenls lo be Teached. Champlon TLL Llmlted P Bell FCCA 7-9 Slalion Road Heskelh Bank Pfeston Lancashire PR4 6SN Dote-.
OSBALDESTON TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unr&strlct8d Unrastrlcted funds funds genèral d•slgnated 2025 2025 Tot81 Unrgstricted Unrestri¢t8d funds funds ggneral deslgnated 2024 2024 Total 2025 2024 Notes Income from: Cha¥ilable activities Investmenls 65,294 2,638 65,294 2,638 57.822 2.617 57,822 2.617 Total Income 67.932 67,932 6Q,439 60,439 Expendlture on.. Chariiable activities 40,760 40,760 45,483 45.483 Total •xp•ndlture 40.760 40,760 45,483 45,483 N8t gainslllossesl on investments 184,262 184,262 Net Income 27,172 27,172 14,956 184,262 199,218 Transfers betW8en funds 126.0001 26,000 Net mov•m•nt In funds 1,172 26.000 27,172 14.956 184,262 199.218 Raconcillatlon of funds.. Fund balances 811 January 2025 111,303 1,370,500 1,481.803 96,347 1,186,238 1,282,585 Fund balan¢&s ot 31 D8c8mbor2025 112.475 1,396.500 1.508,975 111.303 1,370.500 1.481.803 The slalemenl of financl81 aclivilies includes all gains and losses r8¢ognlsgd In Ihfj year. All income and 6xpendilur tlerivfj from conllnuing aclivili8s.
OSBALDESTON TRUST BALANCE SHEET ASAT31 DECEMBER 2025 2025 2024 Notes Flxèd assèts Tanglblo assets 11 1.370,500 1.370.500 Currènt 85S•ts Debtors Cash al bank and in hand 12 1,239 141.308 2,413 112,743 142,547 115,156 Creditors.. amounts falllng due wlthln one year 13 14,0721 13,8531 Net current assets 136,475 111,303 Total assets less currènt Ilabllilles 1.508,975 1,481,803 Incom8 funds Unrestricted funds- Deslgnated funds G6neral unrestricted fund8 eneral 1.396.500 112,475 1,370.500 111,303 1.508.975 1.481.803 1,508,975 1.481.803 The company is entitled to the exemption from the audit requirement conlalned In seclion 477 of the Comp8nles Act 2006. lor the year ended 31 December 2025. The dlrectors acknowledge IheS1 responsibilities for complylng with the requirements of the Companies Acl 2006 with respect lo accounting records and th& pr$paralion of financial slatemonts. The members have not requifed the company lo obtain an audit of Ils flnanclal statem&nt$ for the year in question in accordance with section 476. Thesè financial statements have been prepared in accordance with Ihe provisions applicabltr lo companies subject lo the small companies regime. Th$ flnancial statements wer8 approved by the Tru¥le&s on . 'i.l.sl.Ib Mr K Williamson Trustee Company reglslratlon numbèr 05947391
OSBALDESTON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Ac¢ountlng pollcles Charlty Informatlon 0sbald8slon Trust is a private company Ilmiled by guarant89 Incorporated in England and Wales. Tho registered office Is 7-9 Station Road, Heskelh Bank, Preston, Lancashire, PR4 6SN. 1.1 Accountlng convantlon The financial stalemenis have been prepared in accordance with the charivs governing document, Ihe Companies Act 2006, FRS 102 'The Financial Reporting Siandard applicable in the UK and Republic of Ireland" {"FRS 102,1 and the Charilies SORP "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities pr&paring their accounts in accordan¢o with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021" leff8clive 1 January 20191- The charity is a Publlc Benefit Enlily as defined by FRS 102. The charily has iaken advantage of th& provisions in the SORP lor charities not to prepare a Slalemgnl of Cash Flows. The financial s¢al8ments are prepared in slerllng, whlch is the functional cuNency of thè charity. Monetary amounts In these financial slatgmgnls are rounded lo the nearest £. The financlal sialemenls h8v• been prepared under the hlslorfcal cost convention. modified lo Snclude the revaluation of freehold properties and lo include Inveslment properties and certain financial instruments al fair value. The principal acoounling policies adopted are set out below. 1.2 Golng eoncern At the lime of approving thè lln8nclal slalements, Ihts Iruslees have a reasonable expe¢tallon thal the charity has adequate resources lo continue In operaiional existence for thè foreseeable future. Thus the trustees conlinue lo adopt th8 going concern basis ol aGcoLJnting in preparing the financial stslemenls. 1.3 Charitable funds Unreslricled funds are available for us9 al the discretion of the trustees In furtherance of Ihelr charl¢able objectives. Deslgnatgd funds are genèral funds which have been sel aslde by th& Iruslees for specifi¢ purposes. These can be designated and undesignaled as rgquSred. R&slricted funds are suble¢l lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled funds are set out in the notes lo Ihe flnancial slalemenls. Endowment funds are subl9¢1 to specific conditions by donors that the capital must be malnlained by the charity. 1.4 In¢om• Income Is recognised when the chaTSly Is legally enlilled lo il after any performance condlllons have been mel, the amounts Can be measured reliably, and it is probable Ihal income will ba received. Cash donations are recognised on receipl. Other donalions are iecognised once the charity has been notified ol the doftalion. unless performance conditions 18quire deferral ol the amount. Incomè tax recoverable in relation lo donations feceived under Gift or deeds of covenant is recognised al the lime of Ihe donation. Legacies are recognised on receipt or otherwise if the ohorily has been notified of an impènding dislribulion, the amount is known. and iecoipt Is expecled. 11 the amount is not known. the legacy is Irealed as a conlingenl asset.
OSBALDESTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles {Contlnuedl 1.5 Expendlture Expenditure is recognlsèd once there is a legal or conslruclive obligation lo transfer economic benefit lo a third paty, il is probable that a Iransler of economic benefits will be required in settlement, and the amount of the obligation ¢an b& measured reliably. Expenditur9 Is classified by activity. Thg eosts of each aclivlly 8rs made up of the total of direct costs and shared costs, in¢luding support costs involved in undertaking each a¢livily. Dire¢t ¢ostS atlribulable lo a singla activity are allocated dire¢lly to that aclivily. Shared costs which contribute lo more than one activity and support costs whSch are not allribulabla to 8 slng1& activity are apportloned between those acliviligs on a basis consistent with the use of resources. Central staff costs are allocated on th8 basls of time spent, and depreciation charges are allocal¥d on tha Portion of the asset's use. 1.6 Tanglble flxed assèts Tangible fixed assets afè initially measured al cost and subsequently fflea8ured 81 Cost or valuation, nel of depreclallon and any impairment losses. Fr&Bhold land and assels in the course of conslwction are not depreciated. The gain or loss arising on the disposal of an assgt Is determined as tho difforen¢è between the sale proceeds and th& carrying value of the asset. and is recognised in tho statement of financial aclivilies. 1.7 Impalrment of flx&d assets At each reporting end date, the ch8rily roviews ihe carrying amounts ol ils tangible assets to delermlne wh8ther there is any indication thal those assets have suffered an impairment loss. 11 any such indicalion exists, the recoverable amount ol th9 8s58t is eslimated in order lo determine th& extent of thè impaimient loss lif any). 1.8 Cash and cash gqulvalents Cash and cash equivalents include Cash in hand. deposits held al call wilh banks, other short-lerm liquid inveslmenis with original maltjrltles of Ihree months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in curnt liabilities. 1.9 Flnanclal Inslrumants The charity has elected lo apply Ihtr provisions of Section 11 'B8sl¢ Flnancial Instruments, and Secllon 12 'Olher Financial Inslrumenis Issues. of FRS 102 to all ol Its financial instruments. Financial instruments are recognised in th9 charills balance sheet when the charity becomes parly lo the conlraclual provisions of the Instrum8nl. Flnancial assets and Ilab11ilie5 are offs&l, wllh the net amounts presented In Ihe financial statements. when therè Is a legally enlorce8blg right to sel off Ihe recognised 8rnounts and there is an intèntion lo sellle on a n&t basis or lo reallse the asset and $ettl& ihe Ilabillty simultaneously. Basic linonclol assols Basic financlal assets, which Include debtors and cash and bank balances, artr Inltlally measured at transaction price including Iransaclion ¢osls and arè subsequenlly carried at amortised cost using Ihg affective inlgrost method unless the arrangement conslilules a flnanclng transaction, where the Iransaclion Is measured al the present value of the future receipts discounted al a market rale ol inlèresl. Flnancial assets classified as receivable wilhin one year are not amortised.
OSBALDESTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng poll¢lès Icontlnuedl BaslG fln8nelal Ilabllltlgs Basic financi81 liabllllles, Including creditors and bank loans are initially Tecognised al Iransactlon price unless the arrangement conslilultss a financing transaction, where the debt instrumenl is measured at the presenl valug of the future payments discountèd at 8 market rale of interest. Financial li¥bililies classified as payable within one ye8r are not amoriised. Dabl Inslwmenls are subsequently carrlad al amortised c051, using the effgcIIvg inlgresl fate method. Trade creditors are obligalions to pay for goods or services that hav& been acquired In the Ordinary ¢ourse of operalions from suppliers. Arnounls payabla are classified as current liabilities if payment Is due within one year or less. 11 not, they a presented as non-currenl liabilities. Trade creditors are recognised initl8lly at Iransa¢lion pr¢ce and subsequenlly measured at amortised cost using the effe¢livB interest method. Dere¢ognltlon of flnanclal Il&bllltle$ Fin8nclal liabililies are derecognlsèd when the charity's conlra¢lual obllg8tlons expire or are discharged or cancelled. Income from ¢harltablè actlvltles MaSntet7anceMaintenanc8 of Alms of Alm Houses Houses 2025 2024 Maintenance fees 65,294 57.822 Analysls by fund Unrestricted funds- genoral 65,294 57.822 Income from Inv•$lm•nts Unrestrlctgd Unrestrlcted funds funds 2025 2024 Interest feceivable 2,638 2.617
OSBALDESTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Expondlture on charltable actlvltl•8 Alms Houses 2025 Alms Hous•s 2024 Dlrect costs Admin expenses Insurance Book-keeping Sundry Donations paid Lifeline Repairs and renewals Professional fees 1.463 2.990 868 3,360 1,550 72 1,500 2,412 30,851 2,082 1,188 77 500 2.907 31.123 39.060 43,883 Sharè of support and gov•rnan¢o ¢o$ts {see note 51 Governance 1.700 1.600 40.760 45,483 Analysls by fund Unreslrlcled funds- general 40,760 45,483 Support costs allocatad to actlvltles Alms Houses 2025 Total 2024 Govern8n¢e 1,700 1.600 2025 2024 Governan¢è costs comprlsè.. Independent Examination 1.700 1.600 1,700 1.600 Net mavemont In funds 2025 2024 The ng1 movement In funds is staled after chargingllcredltlngl.. Feès payable for Ihe independent exarninalion of the charilws financial statemen18 1,700 1,600
OSBALDESTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEIWBER 2025 Tru5tee$ None of th¢ truslees lor any persons connected wllh Ihoml received any remuneration or ben8fils from Ihg charily during Ihg y&8r. Employees 2025 Number 2024 Number Total There were no employees whose annual remuneration was more than £60.000. Gains and loss•s on Investments Unrestrlcted Unre$trl¢t8d fund5 funds dgslgnated de51gnat8d 2025 2024 Gainslllossesl arislng on.. Revaluation of inve¥lm8nt proparties 184,262 10 Taxatlon Thè charity is exempl from taxation on ils actlvities because all its incomo is applied for charliable purposes. 11 Tanglblo flxed asset Frèèhold land and bulldlng$ Cost Al 1 January 2025 1,370.500 Al 31 Oecember 2025 1,370.500 Carrylng amount At 33 Oecember 2025 1.370,500 At 31 December 2024 1,370.500 Therg were no disposals of almhousès durlng the year. The pioperiies wer8 ravalued by an independent reviewer in July 2024. It is Ihe policy of the Chafily that revalualions will lake place on all Almhouses once every 5 years with the ngxt being due in 2029. 10-
OSBALDESTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Debtors 2025 2024 Amounts falllng due wllhln on• year: Other debtors Prepayments and accrued income 410 2.003 391 1.239 2.413 13 Cr8dllors: amounts falllng du• wlthln one year 2025 2024 Other ¢reditors Accruals and deferred income 2.372 1.700 2,253 1,600 4,072 3.853 14 Unr•strlct•d funds - deslgnated Thesa are unrestricted funds which are material to the charSlYs aclivilies. At 1 January 202S Incomlng r6source5 Transfar$ Galns and lossès At31 December 2025 Flxed Assets Boiler r9plaoem6nl programme Fir8 replacement programme 1,370,500 1.370,500 21,000 5,000 21,000 5.000 1.370,500 26,000 1,396,500 Prevlous year.. At 1 January 2024 In¢omlng résources Transfers Galns and losses At31 D8c•mber 2024 Flxed Assets 1,186,238 184,262 1,370,500 1,186,238 184.262 1,370.500
OSBALDESTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Unr&$trlct8d funds - deslgnatod Icontlnuedl Designated funds al the year end amount lo £1.396.50012024.. £1,370,500) £1,370.500 relates lo tho nel book value of the fixed assets whl¢h are not Ilquld funds and cannot be easily reallsed for Ihe day-to-day running ol the charity. £21,000 relates lo the cost ol replacement boilers in the Alfflshou$es, 8 programme which th8 Ifusl88s hav8 agreed lo undertake over a number of years. £5.000 relates to Ihe cost of replacement fires in the Almshouses, 8 programme which the Iru¥lo8s have agreed lo undertakfy ovor a number of yoars 15 Unrestrlcted funds The unreslric18d funds of the ¢harity comprise the unexpended balances of donalions and grants which are not subject lo specific conditions by donors and grantors as lo how they may b8 used. Th9s8 include deslgnaied hjnds which have been sel aside out of unreslricled funds by the trustees for spedfic purposes. At 1 January 2025 Incomlng r•sour¢es Resources exp•ndgd Transfers Galns and 10$s0$ At31 December 2025 111.303 67,932 {40,760} 126,0001 112,475 Pr•vlous year: At 1 January 2024 Incomlng r8sourcgS Resources 8xpond8d Transfers Galn8 and losses At31 December 2024 96.347 60,439 145,4831 111.303 16 Analysls of n&t assets between funds Unrostrlctad Unrestrlcted fund$ funds gèneral d¥slgnatgd 2025 2025 Restrlcted Endowment funds funds Total 2025 2025 2025 Fund balances at 31 December 2025 are ropr•s8ntèd by: Tangible asseis Current assèlsllliabililiesl 1,370,500 1.370.500 138.475 138,475 138,475 1,370,500 1.508.975 12.
OSBALDESTON TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 16 Analysls of net assets between funds Icontlnuedl Unrestrl¢tttd Unr8Strlctèd funds funds gener81 dèslgnated 2024 2024 R•slrlct¥d Endowment funds funds Total 2024 2024 2024 Fund balanc05 at 31 December 2024 are rèpr8$&nl•d by.. Tangiblè assets Current assetslllSablllll&s} 1.370.500 1.370.500 111,303 111.303 111.303 1,370.500 1.481,803 17 R&latod party transadlons Therg w&re no dls¢losabl8 relaled party Iransadions during the year12024- non&l. 13-