Charhy rn4l*tratlon nnber 1204065 HORACE CHARLES BURLEY WILL Trusr ANNVAL REPORT ANO UNAUDITED FINANCIAL STATEMeNT8 FOR THE YEAR ENDED S APRIL 2024 ) Hargreaves & Woods CHARIEkFD ACCtsVNT ANTS & ts11SINESS ADVISERS
HORACE CHARLES BURLEY WILL TRUST CONTENTS P•g• Log81 grnl admlnlslralive Inlormallon TnJ8188B' Teport Indop8nd8nl 8xaMlrnS roport Slatemenl of flnanclal actlvSt1o8 Balanc• 8h98t Notes to Ihg flmndal stgtomonts 7.13
HORACE CHARLES BURLEY WILL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tru$t••s r M J W11118ms MrJFCAmok Mr8 AB8bblngton-Planl (Appnted 29 Aprll 20241 harlty numb•r 1204065 Ind&p•nd•Dt •x•mln•r JMm8s Hargroave$ FCA Cholmondeley Houspj D88 Hi118 Park Chestsr Ch88hlr8 CH3 SAR
HORACE CHARLES BURLEY WILL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Irusi888 prÈ88nl Ihèlr annual raporl and finandal statem&nls foi thè year ended 5 Aprll 2D24. Th• finandal slaloments have been prepared In acCOrdNCe the accniintlng pollclos s&1 out in note 1 to the finaneièl stslem•n18 And comply wslh the Iiusfs govorning document. the Charities Act 2011 and 'Accountlng arnd Reporttng by Char5Ues,' Sl8lemgnt of Rpcommendad Pr8cUce 8ppllc8ble lo charllies prepèrin9 Ihelr accounts in accordanc8 with thè PlnanclAI Rgporllng Standard pkable in tho UK and R4public ol Ireland IFRS 1021" leff8cllv8 1 Januaiy 20191. ObctIVe# and h¢tlvltl•• Upon Trust durlng tha pariod ol Slghly y8ars eomrnencing with lh6 dalè ol my deslh to pay or apply lh8 whole or so much of th8 llgt ol my r881duary estate As my Tru8te88 8h811 In Ih81r gb$olul8 dlscr8tlon think lit In and towards.. tha prov185on ol An annu81 day Irip or ouling Ihe choir of Ihe said chuich. Iht) b811 lingers ol the sald hUh and Ih08e who clean and tidy tho ChUhy8rd ol the 8ald church InclvdSng tho provision ol o lunch gn(J 8 dlnn8r on 8uch Ir or outing and., Such Charitae provlslon as rny Tru81888 shall from Ilmo 10 11rn8 think tll. subject as alorasoid my Truslè98 shall hold my resjduary 8stale 8nd tho income Iheretrl In Tnjsl lor Iha Pamthi91 Churd) Cuuncll ol the PBrf8h of Sl Peters Chh, Waverton, Chtrshl. P(lIC b&nelll Th& Irusl8as havè du8 ragard to guld8nc8 Is¥ued by thg Charlly Ccmmleslon In decldlng what advllles Ilifj trust should undortak8. A¢hlgvMivrnt• •nd p•rfomi4n¢• Signilicanl acllvilles and &chlevem&nts ègainsl ob]lIV&S Every year, the Trust pays IOT the Chufckn Hall admlnislrntorlvèrgty. the in8urance lor the Church And tho Burley Hall, repalrs to Sl Pelerfs Church and Iho Annuol dlnn?r the volunloors spopjlled In Ihe Ll)jecls ol the Charity. Fln•n¢lal r•vl•w Dwlw the y88r Ihe tru81 had Income 01 £47,076 from lh8 Snvoslmgnl pLYtlollo hold. Th1$ lrn¢ome was sllghtly le than the costs Incurred during the year but lh• trust has morg Iharn ¥ufllclenl lunds io call on sliould Ihe n8ed ar16e. Resekves policy 11 1$ the polltry ol Ihe trust that unreslrlcted fundg whlch have rnol bgen tleslgmaled for 8 speclflc use should be rrBlnlontd at A18vèl 8quIv818nt to belw8en throo 8nd Blx monlh's 8xpendllure. The tru51ees corn98r thal resarv8s al Ihls level wlll ensure that, the 8v8nl ol a $ignillcanl drop In funding, they wlll be able to conunue the twsl'8 tturrenl 8(alvlllgs whll8 consid8rAtlon 1$ giv8n to way8 additlonal funds may be raised. This l•v&l ol r8serves has bèan Tnaknl8lned Ihrou9hcxJl thè y88r. Structure. govvrn4nr and m•n8g•m•nl Th8 Irustaes who 88ryed durlng the y88r 8n¢ up lo the date of 81gnature of the Iln8nelal st8temenl8 worg.. Mr M J Wi1118ms MrJFCAmold Mrs A Bebbinglon-Planl (Appoirhted 29 April 20241 RrUitment and appntInen( of Irusl88S Tru8188s are appolnted by resolu0 of Irustees as lald out in tha ArtlcFeB of Asgoclalkjn. None of th8 Irusl8es has any beneficlal Interest In the conwany. Al of Ih8 trus188s ar8 m•mb8rs ol tha company and guaran18e to contrlbuto £1 In the evgnl ol a wlnding up.
HORACE CHARLES BURLEYWILL TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Tha tru818es' repryt oppnwed by the Boaid ol TnJgte8s. Mr M J Williams J F C Ar[Kd Mr8 A Bebbiwton. Plant Trustsè Tru•t•• Tru8t 24 January 2025
HORACE CHARLES BURLEY WILL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HORACE CHARLES BURLEY WILL TRUST I wèpNt to Ihe trLJStè68 on my éxamination ol thè flnanclal $tOlements of Hor8cè Ch8rf#s Burfey Will Twsl lthe trusll for the y8ar ended 5 Aprll 2024. R•sponBibilltle¥ and b481% ol report As Iha Iw$l&e$ of the trust you are re8pon8ibl8 for lh8 prgparalk)n of th8 fln8nrial 51alèmt)nls in ecLdanCe wlth th8 r[rOmnIs of tho Charilles Act 20111th8 2011 Acll. I rgporl In rg8pe¢t ol my ex8mlnRlon of the Iru$f8 finan¢1 $lalemèn19 C8th8d out und8r saotlon 145 01 th8 2011 Act. In c8rrylng out my 8xamlnakn.on I hav8 lollLw8d all thè appl1r28 Dlr@ctions glv8n by th8 Charlly Commission undw w¢llon 14515llb) ol the 2011 Act. Ind•pénd•nt •xamln8rf8 Statement Your allenlion is drawn lo Ihg 18¢t that Ihe cl)aiily has pr6pared financial slalEftmAnt8 in A¢rrdae wlth A¢¢ounting and Reportlng by Charllles prep8dng thali accounts In accordance wilh th8 Financial RE)porllrig Slaiid8rd appllcabl$ Sn Ihe UK and R6publlc ol Ireland IFRS 1021 In pr8ler8nce lo the Accounting and Reportlng by Ch4rhies.' Slalemenl of R&comm8nd8d Pract0 188u&d on 1 April 2005 1¢h Is rolerrgd to in the exlanl regulations bul h8$ now begfi wlthdrawn. l un¢Y¢rsland that thls h8B been done In order for flnanclal 8¢81omenls lo provSde a true and la5r vlew In accordanc Ih Generally ApIed Avccyjnllng Pra¢li¢e effèctiva lor reportlng pèriods beginning on or aller 1 January 2015. I h8v8 cornpleted my ex8mino1ion. I confirm Ilial no rnallers have come lo Iny allonon in eonnoclion with Ihe axaminallon givlng rne ¢auge lo Wlove Ihat in any malerlal respect.. accounting racords were nol k•pl In respect ol the Iru$t gs requlr&r* by section 130 01 the 2011 Act,. Of Ihe Nnanclal glalemeni$ do not a¢¢ord with tho¥¢ r8cords.' or lh8 flnanclal stalemènth do not comply th tho appllcable regulremanls ¢on¢ernlng Ihe form ond wnlenl ol accounL$ $8t out in the Chanlies (Accounts and Roport81 R6giilallons 2(X)8 othar Ihan any requlromonl that tho accounts glve a true and 18lr vigw whlch Is not a maltor conslderpd as P8rt ol an Indsi)ènd8nl •xaminalion. I have no concernB and hava coma 8cros8 no rjther rn8llew8 In oonnecllon with tho 8xarnlnallon lo which allenllon should btt drawn Ir th58 roP()rt In ord•r to •nabl8 a propur undeislanding of thè Ilnandal statements t¢ he raarhtyd. W8 have nol verifi1 the prior y8ar figuros as Ihl& IIu81 has b•on a¢1fvo for o numbgr 91 y&ars. We only conllrm the curr8nl yeur pogilion ol Ihe linan¢581 sl&lomgntB. JArnM Hargr•8¥•• FCA Cholmondeley House Dee Hlls Park Chester Ch8shirg CH3 SAR Dated..
HORACE CHARLES BURLEY WILL TRUST STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Endowment fund# 2024 Endowment lundi 2023 Notss Inrn9 fr¢m: Inv&8lmont8 47,116 53,281 Totsl incom• and •ndowm•nlJ 47,116 53.281 Exp•ndlluro on.. Ral$ing lund8 Charitablo acllvll88 Other 8xp6ndlbJre 8.598 22.347 22,413 8,450 10,507 39,756 Total Ompondlturg 53.358 58.713 Nel gainslllossesl on Inv881manls io 3,830 Nei Incomell•xp•ndllur•l ond movorn•nt In fund¥ 12,412 2.208 R•conclllallon of funds: Fund b8lan¢99 81 eAprfl 2023 1.267,900 1.265.704 Fund balan8 tht 5 Aprll 2024 1,265,497 1,267,909 Thg 81818rn8nl of flnonclal o¢tivitie8 Incl(0$ 911 galn8 8nd1085è9 recognlsèd In thè yogr. Al In(x& end 8xp8rKliluro derlvo from conllnulng actlvlll88.
HORACE CHARLES BURLEY WILL TRUST BALANCE SHE ASAT5APRIL 2024 2024 2023 Not•• FlxÈd 985018 Tangible assets Investm8nts 12 13 1.OCX) 1.098.709 1,118 1.113,892 1.099,709 1.11S,010 Cuirgnt a88•t1 Dgblors Ca8h al bank and in hand 14 1,036 168,392 3,516 152,084 169,428 155,599 Credltor9'. •mount8 lilllng du• wlthln on• y•ar 15 13,6401 {2,7001 Net curnont aB••tB 165,788 152,1199 Total a••et81o•s Guifont Ilabllltl•• 1,265,497 1,267.909 Nol a88•18 •xcludlng p•nslon Ill11tY 1,26S,497 1,267,909 Tho fund• Oltho truBt Endowm8nt ILmds 16 1,26fj,497 1.267,909 1,265,497 1.267,909 Th9 Ian¢11 $lalem8nls wer8 approved by the Iruslee5 on 24 January 2025 Mr M J W1111arns Tru9t•• rJFCArndd Tru¥ts• Mrs A Bebblnglon-Pl8nl Tru8t¥g
HORACE CHARLES BURLEY WILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 A¢¢ouAtlhg poll¢los ChArlty Inforniatlon Horacé Ch8rl85 Burfey Wlll Trust ha6 beGomo a charfiy as from 21st July 2023. 1.1 Ac¢oun¢lng ¢onv•ntlon The 1Snanclal slht6m6nts hav8 prgpaigd Sn accordance wlth the trusfs governlng document, th8 Chailli8s Aet 2011, FRS 102 The Flnancial R8portlng Slandard gpplicabl8 In the UK and RepuNlc ol Ireland. {'FRS 1021 and Ihg Charitle9 SORP "Accountsng and Reporting by ChaFili83.' Slatem8nl ol Racomm8nd8d Praclk6 applle8bl& lo charl1¥ pr8pafinu IheiT accounts in accordanc8 wlth tho Financlal Reporting Slandard 8pplk8bl¢ in thè UK ana Ropubll¢ ol Iroland IFRS 1021 leff)clive 1 J8nuary 20191. The tru8158 a Publlc Benefit Entity 99 delId by FRS 102, The trusl ha8 taken odvanlage of the provisSons Sn th$ SORP lor ¢h8rllle$ ntsl Its pfypar a sl8l&menl of Cash Flows. The finandal stal&m8nls havg dgparle(I Irom the Charllig¥ {Aoi1n1S and Report81 R8sulaison8 2(J8 only lo the gxlenl roqtthlred lo provSd¢ a Irue and falr vlew. This departure has Involved lollowlng th8 Slalem8nl ul R6¢omm8nded Practs'ce for charities applying FRS 102 rather than tho version ol the Slal8menl ol Recomrllended Piacll¢e whid) is relerred lo In the Regulations bul whlcli has since been withdrawn. The financlal 91olemenl8 are prepar8d In 8t8rllng, whlch 18 the funcllonal currency of the trust. Monetary omounls In th88e flnancial 51alemenls are rounded lo Ihe nea1051 £. The finanolal slo18rn8nls h8va beeTh prepared under the hlslorlcgr Cost convention, Im11d to In¢lude ihe r8valuation Df Ireahold properlles and lo include Invaslm8nl propertles and c8¥laln Ilnandal Inslrumenls al lair valLb61. The wlncJp81 accountlno polScles adopteé ara sat out below. 1.2 Golng ¢¢n¢•m At 11)8 lime Df 8pprovin9 tha financial slalem6nls, tho trustee$ have a reasonable expeclallon thBI the Iru$l has adequ8t8 r•90UfCeS to conlinuej in opgratlon81 gxlslènce for thè forèyeeablè futufa. Thus tha trustè89 ¢onlinu• lo adopt tha golng concom basls ol accounlln9 In pmpadng lh8 fina181 $lalom¥nls. 1.3 Charltabl• fund8 Unregtrlct8d funds &r• avall8blo for use 01 th• d18crèllon ol the Irusl8&8 In furth•ranc9 of thelr ¢harlt8tAe obJ9clives. RestricEod funds are subject lo specific conditions by donors or groniors as 10 how théy m8y ba used. Thè purposes and use5 01 the re51rl¢led lund$ are get out In tho nol98 lo the linancbal Blalornonls. Enoont funds ara sublecl 10 8pe¢lflc condlllons by dorors that Ihè c8pll81 musl b8 malntaln8d by th8 Irusl. 1.4 Income Inoome is r8COgnised when Ihe trust Is legally entitled lo it 8fter any performance coTh%iWons h8ve been rnel, the amountg C8n be mèasurgd re118bly, and il is prthble Ihal Income will bg received. C8sh (lonatlons 818 recogni8ed on recoipl. Olhor donatlon$ are reeognlsèd oncè Ihè trust has beon notlllad ol Ihè donatlon, unless perfomianLe condllltsns requlr8 d8ferral of thg amunl. Income lax recoverable In relatlon ¢0 donations iecgivod undgr Girt Aid or d98ds of cov8nanl Is ragnISed at th8 tlmo of th8 donation. Lgg8clgs aro rocognSsed on receipt or otherwise if Ihg trust ha5 been notified gf an irnpendlng distrutIOn, the amount is known. and recp1 18 expected. 11 thg amount 1$ noi thown, the le@Y Is Irealed as a ctsnlingdnl 8ss&I.
HORACE CHARLES BURLEY WILL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUEOI FOR THE YEAR ENDED 5APRIL 2024 A¢¢ountlng pollcl•• Iconllnuedl 1.5 Expendlture Expenditure is recogni5ed once there is a leg&1 or construcd¥e obligallon lo Iiansler economic benefil to thlrd p8rty, it Is probable that o Ironsfar of econom1¢ nefits will be required in se11ment, and th& amount of the obligalk)n can be maasured rellably. Expendlkntre is cl8gsified by a¢tlvily. The ¢09ts of 981* 8dfvlty are mde up ol Ihe lolal ol d11 co$18 and shared costs. including support costs Involvad In unfjerlaking ea¢h activity, Dlroct costs attr1table lo a slngle a¢livlty aro 8110¢81od diroclly lo that actIly, Sharod costs which conlribulè to moi8 than one actiwty and support CDsls whkh are noi allrtbulable lo a slngle a¢vItY a apwrtlonod bolw6en thosè acb"vltk)g on a basls ¢onsislenl vAlh th8 usg ol r8sourceB. Contral s18ff costs are allocatèd on th• b881$ ol time spent, and depreclalion charps are allocated on th8 Portknn of the Bsso1'6 us8. 1.6 Tanglbl• flx•d a•sèt8 T8ngibl8 fixed 88sets are initi8lly megsur8d 81 cost ond subsoquUy mea¥ured al cost or valuation, net ol d•preclatlon and ony 5mpAlrmonl10$889. D8pr6¢latlon1s recognlsed so a8 to wdle oll Ihe cost or vglu811on ol 898els less Iholr resldual values ovei Ihalr U8elul IlveB on lh8 Ic41owlng ba$g8'. Freohold Land and bulklngs Flxlur88 and litlirvJ8 Nol depreclaled 10% r&durAng belanco The gain or103s arisliig on lkne disposal ol an a88el18 d8termlned as th6 dlffai81)ce bèNvè8n Ihg sal4 prtsL'aeds and the c8rrylng valuB ol the 88881, and Lg iecognised h the 518tement ol linanclal actjv1.es. 1.7 Fix6d a•ut Inv••lment• Flxed 86set investments are Inlllally measured al lrnns8ctlon prlce excluding Iran$aotlgn cD$l8, and arè Subsequently m88sured al fair valuo at each reporting dale. Changes in lair value are iecoonlsed In ntsl Incomolloxpendilur81 lor the year. Transaction cosls ale expensed as Sncurrad. 1.8 Impalrm•nt of Itxod a¥s•t8 Al oach reporllng end dale, the tru81 revbws th8 carrylng 8mounl8 ol It8 langitAe 888e18 to determine whether there 18 any Indication Ihal those assets have suffer8d an impairment luss. 11 any Such indication exlBts, the recoverable amounl ol the as8et 16 e81imaled in order to determine the extonl of tho impairm8nt loss Ilf 8nyl, 1.9 Ca¥h ond cajjh 9qulvalgnl• C8sh and ca9h aqulvalenls SndLMle cash In hand, deposlis hald &1 call with banks, othèr 8hoil-Iwrn Ilquld Invostmanls wlth orfglnal moturltl88 of Ihree tTr)nths or less. and bank ov8rdrgft$. ovordrofts pre shown w(Ihkn boriowlngs in curignl liath'llll8s. 1.10 Flnanclal In$trumgnt8 The trust has 81ected to apply thè provlslons of S8cllon 11 'Baslc Flnan¢l81 Inslium6ni8' snd Sertltsn 12'01h•r Financlal In$lrurnents l$suos' ol FRS 102 lo all of119 flnanrjal in$lrum8nls. Flngnclal In8¢wments are rg¢ognIs In tho trust's bglanc8 shgel when th8 trusl bgcomes pprly lo the contractual provlslons of tha instrument. Flnancial a8581s and liabilitie5 are offsel, wilh the nel amounts pr85gn18d In tha Ilnancial sta18m8nts. when there 1$ alggally trnforcoable rfght to sel off the recognlsed moUn15 and there is an inlenlion to $8llle on a noi ba8is or lo r881i58 the asset and selllo tha Ilabihty slmultaneously.
HORACE CHARLES BURLEYWILL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 A¢¢ountlng poll¢lo# IConllTruod 8Jslc IlnanGlg1 essets 89sic linanclal a$s8t5. whlch includ8 deblors and cash and bank balances. are Inilially measured al traCtIOn prlce In¢ludlng transaction costs Jnd are Subsequendy carried al amorllsod cost U9ing the effective Interasl mothod unl8ss th6 arrangèmènt constitutes a financing Iransaclion, where the transaction is measumd al Ihe presenl value ol the futu recelpl$ discounl¢d at a markel fate ol intere81. Financial assets Clas18¢ as r6c8iv8bla wlthln on• ye&r are not amortl88d. B•$l¢ fln4n¢l•l 11oblllfl•$ Bas5c flnanclal Ilabilltles, Includlng credilors and bankloons are Inlllaly r¢¢ognlged 01 tran$8¢llon prfce unlea8 the arrangement conslllules a fjnanclng Iransaction, where the débt inslrumenl Is moasyr•d 31 Ihe presonl value ol the lulure p8yrnenls discounted at a math6t rate ol interèst. Finan•1 Ilabilities classithèd as pay$bl6 thin one year ar8 nol amortised, D8bt Instruman18 ar• subsoquenlly ¢arfKgd 81 anw)rti8ed co81, u8kn9 Ihg gffective inlgr881 ralo mfjlhod, Trade eredlloi8 8r8 obllg8Uon8 to pay lor a¢d8 or 8èrvl¢86 that havè been aCqUid In th& ordlnary cour8• 01 OP8rallons from suppllèr8. Amounts payatAè arè ¢la88115ed as current li8bllllies 11 paymonl 1$ du8 wlthin on6 year or less. If not, thèy ar• prèABnled as noncurrenl liabilillos. TrAdo cr&c511ors arft rocngnlsed Inlllally Bl tran88clion pr@ and subsequenlly m8ayured JI arnL)rtl¥ed co81 uslng the effacllve Intarest method. Dorecoqnlllon olllnanclal Il•bllllhs Firanclal Ilabllilles 4re dor¥cognl88d Ihtr tru81'8 eonlwaclual oblsgaliony expire or are dl6chaTg8d or can¢elled, Crltlcal accountlng •illmitoi and Judg•m•nts In Ihe appllcallon of the trust's a¢couniing pollcles. Ihe trustees arft roqulr8d to make luégemeThL8, 6sllm&le8 and assurnpllon8 about th8 carrying amount of a8Sat8 and IlabllStlos that arg not roadlly apparenl from other sources. Thè osllmalos and associal8d assumptions Are basFJd on hi6torical exporlenc8 and other factors Ihal ar6 consSd8red to bo relevBnL Aclud re8ults may dlff8f Irom these e5timales. The eslim81gs and undertying &s8umpllons are rev18W8d on an Ongoin basis. Revi8lons lo accounlino sllm¥t88 are recognised in the p8rifyJ In whlLh the esliinal8 Is rvvised where Ihe revlsion aft8rls lY that period, or Sn tho Pertod of the revlsk)n and future portods where the revision affect$ both currenl And fu14Jre P8riod8. Incom• from Inv8strnent8 En41owm•nt Endowm•nl lunds fundi 2024 2023 Ronlol Income Irveglmenl In¢ome 40 47.076 40 53,241 47.116 53.281
HORACE CHARLES BURLEY WILL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 Expèndlturo on ral8Sng funds Endowment Endowment fund8 lund8 2024 2023 Investment managemgnl 8,598 8,450 Expondltur• on ¢horltable acllvltl• Chorltoblo •¢tlvlt1•5 2024 Ch4rltablo &¢tlvltle8 2023 Dlr•ct colts Sharg ol Jupport and gov•m4n¢• ¢o•t*18•0 nots 61 Govamance 22,347 Ahilyill by lund Endowmgnt funds 22,347 10.507 Supporl ¢o•t• allo¢atod lo actfvllle• 7074 2023 G0veManr co$1$ 22.347 10,507 Analy$vd b¢tween- Chmritable aclivlll8s 22,347 10.507 2024 2D23 Governanre costs compr1¥•: Accountancy L8gal and prDfo$8lon81 Ind6pgndent examinallon Barilsler feos 5.48J 7,884 1,200 7,81X) 5,101 22,347 10,507 Tru•loéJ During the year the trust pald MO Coxey & Co, Ltd £5.463 for accountancy fee8. MD Coxey & Co. Ltd In turn have paid Martin Willlams lor hi6 Involveffl8nl In accounls prgpar8Uon. Non8 ol th9 other tsv$iee& hève reGgIVgd any rgmuneratlon or bBngfils from the trusl during tho year 10-
HORACE CHARLES BURLEY WILL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Empby••¥ Th• avarag8 monthly number of employgos durlng the y8ar was.. 2024 Numb•r 2023 Numbti Total There were no ernployeos wh080 annual r•rnunerallon was moi& than £60,000. Olhot oxpghdllure Endowment Endowm•nt funds fund• 2024 2023 Nel103s on dlspo8al of langiblg Ilx•d oss818 Annu81 Olnner & lunch wllh Sl Peterf¥ Church Offlaals Church Hall 8dminl$iratQTlverger Church And Burloy Hall h8uran¢• P8rlBh 8hAre arrears Churoh r8p8lr8 118 1,S98 8.329 5,(hS7 1,189 6.040 4,977 25,939 1,611 7,301 22.413 39,756 10 Galn• and lo5s•s on Inv•stm8nlq Endowmgnt Endowmtnt funds fund8 2024 2023 Golno111088e81 arls5ng on.. Sale of investments 3,830 7,637 11 Taxatlon Th8 ¢h&rfiy18 exempl from laxallon on118 act1118$ b8cau88 811 ils In¢omg 18 applled f(v ¢haritablo pury)0686. 11
HORACE CHARLES BURLEY WILL TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED S APRIL 2024 12 T•nglble flx•d agg•tg Fr•ohdd land FlxluM and and buNdlng8 Illllng• Totsl Cost At 6 Aprtl 2023 Dlsposals 1,000 118 1,118 At S A1 2024 1,000 1.000 C•rrylng Jmount Al 5 Aprll 2024 1,1)00 1,000 Al S Aprll 2023 1.000 118 1.118 13 Flx•d A81•t Inv••tm•nt• Ll•t•d Unll•ted Inv•slm•nls Inv•6tm•nt8 Total Co¥1 or Yalultlon Al 8 Aprll 2023 Addillons D18P0881g 1,113.392 105,724 1120,9071 500 1,113,892 105,724 1120,9071 AI 5 ApTS12024 1,098,209 500 1,098,709 Carrylng amount Al 05 Aprll 2024 1,098.209 500 1,098,70Q AI 05 WII 2023 1,113.392 500 1,113,892 14 D•btors 2024 21123 Amount• falllng wlthln ¢n• yoar.. Olh8r dgblor5 1,036 3,515 15 Crodltorn: Amounts falllng du• wlthln on• y•ar 2024 2023 Other credltors Attfus and d8ferred Sncoma 40 3.600 2.700 3.640 2.7(10 12-
HORACE CHARLES BURLEY WILL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 16 Endowment lundi Endowment lund$ ièpr88ènl 8gsets whlch must be held peTrngnenVy by the trust. Income arislng on the endowment lunds can bts used In a¢¢ord8ne8 wllh thè obje¢i8 tsf tha trusl And 1$ Induded Is (M)roslricted ncom&. Any ¢apilal gains or losse8 arising on the assets forrn part ol tho fund. At 8 Aprll 2023 Incomlng reJource8 R•sourc8s 4xpanded Galns and Ios8e• Al S Aprll 2024 P•mian•nt •ndowm•nts 1.287.909 47,116 153,3581 3,830 1,265.497 Prwlou• y•ar. Al 6 Aprti 2022 Incomlng R$our¢e$ r••ourl •XPonded Galn8 and IoJJ•o8 At S Aprll 2023 Porman•nt endowm•nl• 1,285.704 53,281 158.7131 7.637 1,267,909 17 An•ly•l• of nel a•¥•t• b•tw••n tund Endowmonl fund• 2024 Al S Aprll 2024,, Tanglble as8e18 Inveslmtsnts Currenl 8gt8111181ItI•Sl 1,000 1,09fS.709 166,788 1,266,497 Endowm•nt fund 2023 At S Aprll 2023: Tangiblè A$80ts Investments Currènt assatsllllabllitlesl 1.118 1,113,892 152,899 1,267,909 18 Rolatsd party tr•nsactSons There were no dlsdo8abla rglalèd party tr8n6ac¢ions durmg tho yèar12023. none). 13-