Charity registration number 1204065
HORACE CHARLES 8URLEY WILL TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED SAPRIL2025
) Hargreaves & Woods
CHARTERED ACCOUNTANTS & BUSINESS ADIJISERS

HORACE CHARLES BURLEY WILL TRUST
CONTENTS
Page
Legal and administrative infomiab.on
Trustees, report
Independent examinerfs report
Slalement of finana81 aCIN￿e$
Balance sheet
Notes lo the financial statements
7-13

HORACE CHARLES BURLEY WILL TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
MT M J Wlliams
Mr J F C Arnold
Mrs A Bebbington-Planl
(Appointed 29 April 20241
Charity registratlon
England and Vvales
1204065
Independent examiner
James Hargreaves FCA
Cholrnondeley House
Dee Hills Park
Chester
Cheshire
CH3 SAR

HORACE CHARLES BURLEY WILL TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2025
The trustees present their annual report and financial statement5 for the year ended 5 April 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
fin8ncial statements and comply with the trust's governing document, the Charities Act 2011 and "Accounting and
Reporting by Chaiities." Slalernent of Recommended Practice applicable to chaiities preparing their accounts in
accordance with the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 (effective l Janvary 20191.
Obiectlves and activities
As this trust becatlle 8 registered charity on 21sl July 2023 it can operate in perpetuity, Trustees shall in their
absolute discretion think fil in and towards.
the provision of 8n annual day Iflp or outing for the choir of the said church, the bell ringers of the said
church and those who clean and tidy the churchyard of the said church including the provisi(In of 8 lunch
and a dinner on such trip or outing and.,
such Charitable provision as my Trustees shall from tirt7e to time think fil, Subje￿ as aforesaid my Tfuslees
shall hold my residuary estate arld the incorne thereof in Trust for the Parochial church Council of the
Parish of St Peter'5 Church, Waverton. Cheshire.
Public benefit
The trustees have paid due regard to guidance i55ued by the ChaTity Commission in dec#ding what activities the
tiust should undertake.
Achievements and perfomiance
Signilicant 8Glivilies and achievem8nls against objeetivgs
Every year, the Trust pays for the Church Hall administrattsrlverger. the insurance for Ihe Church and the Burfey
Hall, repairs to St Pelerfs Church and the Annual dinner for the volunteers specified in the objects of the Charity.
Financial review
During the year the trust had income of £48,834 frorn the investment portfolio held. This incolne was slighdy
le5S than the costs incuired during the year but the trust has more than sufficient funds to rall on should the
need arise.
Reserves policy
It is the policy of the trust that unrestricted funds which have not been designated ft>r a specific use should be
maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves
at this level will ensure that, in the event of 8 significant drop in funding, they will be able to continue the Irusl's
current activities while consideration is given to ways in which additional funds may be raised. This level of reserves
has been maintained throughout the year.
Structurè* governance and management
The trustees who setwed during the year and up to the date of signature of the financial statements were..
Mr M J Williams
Mr J F C Arnold
Mrs A Bebbington-Plant
(Appointed 29 April 20241
RecruNtm8nl and appoinlment of I￿Stee￿
Trustees are appointed by Deed of Appointment and in alignment wth the Charty Commission's Guidance on
Finding New Trustees.
Non of the trustees have any beneficial interest in the Charitable Trust

HORACE CHARLES BURLEY WILL TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
The trustees, report was approved by the Board ofTrustees.
Mr M J Wlliams
J F C Arnold
MrsA Bebbington-
Plant
Trustee
Trustee
Tru8tee
16 De￿mber 2025

HORACE CHARLES BURLEY WILL TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HORACE CHARLES BURLEY WILL TRUST
I report to the trustees on my exarninalion ol the financial statements of Horace Charles Burfey Wll Trust lthe trust)
foi the year ended 5 April 2025.
Responsibllitles and basis of report
As the trustees of the trust you are responsible for the preparation of the finanaal st8ternents in accordance with the
requirements of the Charities Act 2011.
I report in respect of my examination of the trust's financial statements carried out under section 145 of the Charities
Act 2011. In carrying out my examination I have followed the Directions given by the Charity Comrniswon under
section 14515llbl of the Charities Act 2011.
Independent examlnerfs ¥tstement
Your 8ttention is drawn to the fact that the charity has prepared the financial ststements in accordants with the
relevant version of the StateTnent of Recommended Practice applicable to ch8rities preparing their financial
statements in 8ccordanTr with the Financial Reporting Standard applicable in the UK and Republic ol Ire18nd IFRS
1021 in preference to the Accounting a￿d Reporting by Charities.. Statement of Recomrnended Practice 15sued on 1
April 2005 which is referred lo In the extant regulations but has now been withdrawn. l understand that this has
been done in order for the financi81 statements to provide a true and fair view in accordance with UK Generally
Accepted Accounting Practice.
I have completed my exaTnin8tion. I confirm that no matters have come to my attention in connection with the
examination giving me CaLJse to believe that in any material respect..
accounting records were not kept in resped of the trust as required by section 130 of the Charits'es Act 2011.
the financial statements do not accord wth those records., or
the financial statements do not comply with the applicable requirements conceming the fom) and contenl ol
financial statements set out in the Charities (Accounts and Reports) Regulations 2008 othei than any
requirement that the financial slalements give a true and fair view, which is not a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper vnderstanding of the financial statements to be reached.
We have not verified the piior ye8r figures as Ihis trust h88 been active for a number of years. We only confirm the
current year position of the financial statements.
James Hargreaves FCA
CholTnondeley House
Dee Hills Park
Chestei
Cheshire
CH3 SAR
16 December 2025

HORACE CHARLES BURLEY WILL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2025
Endowment
funds
2025
Endowment
fund5
2024
Notes
Income from..
Investments
48,834
47,116
Total Incom8 and 8ndovdments
48,834
47,116
Expenditure on=
Raising funds
Charitable activities
Other expenditure
10,324
15.326
44,366
8,598
22,347
22.413
Totsl expenditure
70.016
53,358
Net gainslllossesl on investrnents
10
146,959
3,830
Net Incomellexpendlturèl and movement in fund¥
125,777
12,4121
Reeonclllatlon of funds=
Fund balan￿S at 6 April 2024
1,265,497
1.267,909
Fund balances at S Aprfl 2025
1,391,274
1,265,497
The slalement of financial activities indudes all gains and losses recognised in the year. All income and expenditure
derive frorn continuing activiues.

HORACE CHARLES BURLEY WILL TRUST
BALANCE SHEET
AS AT 5APRIL 2025
2025
2024
Notes
Fixed assets
Tangible assets
Investments
12
13
fj,000
1,264,223
1.000
1,098,709
1,265,223
1,099.709
Current assets
Debtors
Cash at bank and in hand
14
275
130.076
1,036
168,392
130,351
t69,428
Creditors.. amounts falling dug Withln
one year
15
14,3001
13,6401
Net current assets
126,051
165,788
Total assets less current liabilities
1.391,274
1,265,497
Net asset5 excludlng penslon Ilability
1.391,274
1,265,497
The funds of the tru8t
Endowment funds
16
1,391,274
1,265,497
1,391,274
1,265,497
The finanaal statements were approved by the trustees on 16 De￿mber 2025
Mr M J Wfilliams
Trustee
rJFCArnold
Trustèè
MrsA 8ebbington-Plant
Trnstee

HORACE CHARLES BURLEY WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Accounting policies
Charity information
Horace Chades Burley Will Trust has become a charity as from 21st July 2023.
1.1 Accounting convention
The financial statements have been prepared in accordance with the trust's governing document, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" I'FRS 102.1 and the Ch8rrties SORP "Accounting and Reporting by Chaiities". Statement ol
Recommended Practice applic3ble to charities preparing their accounts in accordance with the Financi81
Reporting Standard applicAble in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. The
trust 15 a Public Benefit Elltily as defined by FRS 102.
The trust has taken advantage of the provision8 in the SORP for charities not to prepare a Statement of Cash
Flows.
The financial st8tements have departed from the Charities (Accounts and Reportsl Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement ol
Recommended Practice for charities applying FRS 102 rather than the version of the Slalement of
Recommended Practice which 15 referred lo in the Regulats'ons but which has since been withdrawn.
The finanrial statements are prepared in sterting, which 15 the functional ￿rrencY of the trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepa￿d under the historical c051 convention, Imodified to include the
revaluation of freehold properties and to include investrnenl properties and certain finanaal instruments at fair
valuel. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a re850nable expectation that the trust
has adequate resour￿$ to continue in operational existence for the foreseeable fLJture. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Reslrided lunds are subject to specific conditions by donors or grantors a5 to how they may be used. The
pijrposes and uses of the restricted lunds are set out in the notes to the finanaal statements.
Endowment funds are subject to specilic conditions by donors that the capital must be maintained by the trust.
1.4 Income
Incorne 15 recugni5ed when the trust is legally entitled to it after any perfomance condrtions have been rnel.
the amounts can be measured reliably, and rt is probable that income will be re￿ived.
Cash donations are recognised on receipt. other donat10￿8 are recognised once the trust has been Th)tified ol
the donation, unless perfortnance conditions require deferral of the amount. Income lax recoverable in relation
to donations received under GiftAid or deeds of covenant 15 recognised at the time of the donation.
Legaries are recogni5ed on receipt OT Othe￿iSe if the trust has been notified of an impending dislribulion. the
8mounl Is known. and receipt is expected. If the amount is not known, the legacy is tiealed as 8 conlingenl
ssel.

HORACE CHARLES BURLEY WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Accounting policies
Icontlnuedl
1.5 Expenditure
Expenditure is recognised once there is a legal or conslruclive oblig8tion to transfer economic benefit to a
third party, it 15 probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured Teliabty.
Expenditure is classrfied by activity. The costs of each activity are made up of the total of dir￿ costs and
shared costs. including support costs involved in undertaking each activity. DiTe¢t costs attributaLqe to a single
activity are allocated directly to that 8otivily. Shared costs which COntr￿bUte to more than one activity and
support costs which ale not attribLJt8ble to a single activity are apportioned between those activitEs on a basis
consistent with the use of resou[￿s. Central stsff costs are allocated ON the basis of time Spent. and
depreciation charyes are allocated on th@ portion of the asset's USÈ.
1.6 Tan9ib18 fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at eost or valuation, net ol
depreciation and any irnpaimient103ses.
Depreriation is recognised so as to write off the cost or valuation of assets le55 their residual values over their
useful lives on the following bases..
Freehold land and buildings
Not depreu8led
The gain or loss arising on the disposal of an asset is determined a5 the differenTr between the sale prO￿edS
and the carrying value of the asset. and 15 recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset Investments are initially measured at transaction price exduding trans8Ction costs, and are
subsequently measured at fair value at each reporting dale. Changes in fair value aTe recognised in net
incomellexpendilurel for the year. Transaction costs ale expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end dale, the trust reviews the carrying amounts of its tangible assets to determine whether
there is any iridication that those assets have Suffered an impairment loss. If any such indication exists, the
recoverable amount of the asset is estimated in order to delerrnine the extent of the irnpairment loss Irf any).
1.9 Cash and cash equlvalents
Cash and cash equivalents incltsde ca8h in hand. deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank oveTdTafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.10 Financial instruments
The trust has ele¢ted lo appty the provisions ol Section 11 'Basic Financial Instruments, and Seci+on 12'0ther
Financi81 Instruments Issues, of FRS 102 to all of its financial instruments.
Fin8ncJal instruments are recognised in the trust's balance sheet when the trust becomes party to the
contractual provisions of the instrurnent.
Financi81 assets and li8bilibe5 are offset, with the net amoun15 presented in the financial statements, when
there is a legally enforceable right to set off the recognised arnounts and there is an intenb.on to settle on a net
basis or tts realise the 8sset and settle the liability simultaneously.

HORACE CHARLES BURLEY WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Accounting policieB
Icontbnuedl
Basic financial assets
Basic financial assets, which include debtors and cash and bank bal8nces. are initialty measured at
transaction price including transaction costs and are subsequelldy carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing tranSa￿lon. where the transaction is
tneasured at the present value of the future receipts discounted at 8 market F8le ol interest. Financial assets
da5sified as receivable within one year are not amortised.
8asic financlal liabllltles
Basic financial liabilities, including creditors and bank loans ale inthally recognised at transaction price unless
the arranoement constitutes a financing tf8nsaclion, where the debt instrument is measured at the present
value of the future payrnenls discoLJllted at 8 market rate of interest. Financial liabilities classified as payable
wthin one year are not amortised.
Debt instruments are subsequently ￿rrIed 8t amortised cost, using the effective inteTest rate method.
Tiade creditors are obligations to pay for goods or ServI￿S that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current li8bilities il payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade cieditor5 are recogni5ed initially at
transaction price and subsequently measufed 818mortised cost U51ng the effective *nterest method.
Derecognition of financlal liabilities
Financial liabilities are derecognised when the tNst's contractual obligations expire or are discharged or
cancelled.
Critlcal accounting estimates and judgement5
In the application ol the trust's accounting policies. the trustees are required to Tnake judgements, estimates
and assumptions about the carrying amount of as5els and liabilities that 8re not readily apparent from other
sources. The estimates and associated assumptions are based on historical expeTience and other factors that
are considered to be relevant. Actual resutts may differ from these estirnate5.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revision5 to accounting
estirnates are ￿COgnised in the period in which the estim8te is revised where the revision affects ￿}Y that
period, or in the period of the revision and future periods where the revision affects both curient and futL+re
periods.
ncome from investhitnts
Endowment Endowment
funds
funds
2025
2024
Rental income
Other income
40
48,794
40
47,076
48.834
47,116

HORACE CHARLES BURLEY WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Expèndlture on raislng funds
Endowment Endowment
funds
funds
2025
2024
Investment management
10,324
8,598
Expenditurè an Charitable actlvltles
Charitable
acttvities
Charitable
a¢livtties
2024
2025
Direct costs
Share of support and govemance costs (see note 61
Govemance
15.326
22,347
Analysis by fund
Endowrnent fLJnds
15.326
22,347
Support eosts allocated to activities
2025
2024
Govemance costs
15.326
22,347
Analysed be￿en.
Ch8rilable activities
15,326
22,347
2025
2024
Governance costs comprise..
Accountancy
Legal and profes5ion81
Independent examination
Barrister fees
7,200
6,155
1,971
5,463
7,884
1,200
7,800
15,328
22,347
Tru$t8es
During th8 year the trust paid MD Coxey & Co. Ltd £7,200 for accountancy fees. MD Coxey & Co. Ltd in turn
have paid Martin WilliaTns for his involvetnent in the accounts preparation and foT his work 88 a trustee.
During the ye8T the tIU5t has paid Cullimore Dutton Soliotois £6,155 for legal fees. Cullimore Dutton Solicitors
in tum have paid Adele BebbingtOn-Plant for her work as a trustee.
None of the other IIu51ees have re￿IVed any iemuneialion or benefit5 from the trust during the year
10

HORACE CHARLES BURLEY WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
Employees
The average monthly number of employees during the year was..
2025
Number
2024
Number
Total
There were no employees whose annual remuneration was more than £60,000.
Other expÈndlture
Endowment Endowment
funds
fund5
2025
2024
Net loss on disposal ol tangible fixed assets
Annual Dinner & lunch with Sl Pete¢s Church Officials
Church Hall administratorlverger
Church and Burfey H811 insurance
Parish share arrears
Church repairs
118
1,598
8,329
5.067
9,449
5.181
28.851
7,301
44,366
22,413
10 Gains and losses on Investmènts
Endowment Endowinent
funds
funds
2025
2024
Gainslllossesl arising on..
Sale of investments
146,959
3.830
11 Taxation
The charity is exempl trom taxation on its actNilies because all its income 1$ applied for charitable purposes.

HORACE CHARLES BURLEY WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
12 Tanglble fixed assets
FYe8hold18nd
Cost
At 6April 2024
1,000
At 5 April 2025
1,000
Carrying amount
Al 5 April 2025
1,000
At SApril 2024
1,000
13 Fixed asset investments
Llsted
Unlisted
in¥e8tments investments
Total
Cost or valuation
At 6 April 2024
Additions
Disposals
1,098,209
381,772
1216,2581
5(M)
1,098,709
381,772
1216,2581
At 5 April 2025
1,263,723
500
1,264.223
Carryin9 amount
Al 05 April 2025
1.263.723
500
1,264,223
At 05 April 2024
1,098,209
500
1,098,709
14 Debtors
2025
2024
Amounts falling due within one year..
Other debtOTS
275
1.036
15 Creditors= amounts falling due within one year
2025
2024
Other Creditors
Accruals and defeired income
40
3,600
4,300
4,300
3,640
12

HORACE CHARLES BURLEY WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
16 Endowment funds
Endowrnent fund5 represent assets which musl be held pertnanently by the trust. Income arising on the
endowment funds can be used in accordance with the objects ol the trust and is included as unrestricted
income. Any capitsl gains or losses arising on the assets ftsrm part of the fund.
At 6 Apdl
2024
Incoming
resource$
Resources
expended
Galns #nd
Ios58S
At 5 April
2025
Pemianent endowments
1,265,497
48.834
170,0161
146,959
1,391,274
Previous year=
At 6 Aprfl
2023
Incorning
resources
Resources
expended
Galns and
losses
At S April
2024
P8rmanent endowrnents
1,267,909
47,116
IS3,3581
3,830
1,265,497
17 Analysis of net assets be￿een funds
Endowment
funds
2025
At S April 2025..
Tangible assets
Investments
Current a5setsllliabilities}
1,000
1,264,223
126,051
1,391,274
Endowmènt
funds
2024
At 5 April 2024..
Tangible assetg
Investments
Current a5setsllliabilitiesl
1,000
1,098.709
165,788
1,265,497
18 Rèlated party transactions
There were no disclosable related party transactions during the year12024- none).
13-