HORBURY COMMON LANDS TRUST STATEMENT OF ACCOUNTS 31ST DECEMBER 2020
HORBURY COMMON LANDS TRUST
CONTENTS
| PAGE | |
|---|---|
| TRUSTEES | 1 |
| AUDITOR'S REPORT | 2 |
| HORBURY COMMON LANDS TRUST(incorporating the | |
| Harry Warner Trust, Barrie Wood Froggett bequest,and the | |
| Arnold Bowers bequest, Wray Cottage Homes(incorporating | |
| theWilliam Foster Charity),F M Henderson,Guy Poppleton, | |
| A W Brooke Charitiesand theHorbury Educational Foundation) | 3-4 |
| NOTES TO THE ACCOUNTS | 5-6 |
HORBURY COMMON LANDS TRUST
ACCOUNTS
YEAR ENDED 31ST DECEMBER 2020
TRUSTEES:
(2020)
CHAIRMAN:
W B INGHAM
VICE CHAIRMAN:
J A YARROW
TRUSTEES:
J DAVID MELLOR
J CHRISTINE WIGGLESWORTH CHRISTINE M CUDWORTH WILLIAM B INGHAM K MICHAEL M ADAMS KEITH LISTER MARK L TURNER E ANN WEBSTER JULIE A YARROW
CLERK:
MARTIN F MILNER
-1-
REPORT OF THE AUDITOR TO
HORBURY COMMON LANDS TRUST
FOR THE YEAR ENDED 31 DECEMBER 2020
Despite a year of turmoil in relation to the coronavirus pandemic, the total funds of the Trust have increased by £119,917, a majority of the increase is in relation to the surplus on revaluation on the COIF investment of £87,649. A review of rents increased income in the year by £7,470.
Donations and grants paid have increased during the year, a total of £43,158 compared to £36,144 in 2019. During 2020 there were no grants paid to aged persons, covid restrictions prevented this.
The combined bank balances amount to £91,137, an increase of £33,683 on 2019. A further £30,000 is to be invested into COIF shares, and an amount to be determined to be transferred into the COIF deposit account.
There have been no additions or disposals of fixed assets during the year.
While the review did not include verification of the historic apportionment between Capital and Distribution Funds, in my opinion the accounts and notes give a true and fair view of the Trust affairs and are in accordance with the books of account, information and explanations given to me.
Lisa Hutton 18 Alverley Way Birdwell Barnsley S Yorks S70 5SS
Dated: 6 August 2021
-2-
HORBURY COMMON LANDS TRUST INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31st DECEMBER 2020
| Notes INCOME Rents Dividend Income Donation Interest Received EXPENDITURE Donations and Grants 3 Agents/Legal Fees Administration/Sundry expenses 4 Clerk's Honorarium Accounts Fee Annual Dinner SURPLUS (DEFICIT) FOR YEAR Gain (Loss) on revaluation of investments 5 Reconcilation of Funds Total funds brought forward Total funds carried forward |
2019 General Restricted Total Total £ £ £ £ 37,834 - 37,834 30,364 41,226 336 41,562 41,141 - - - - 61 - 61 131 2020 |
|---|---|
| 79,121 336 79,457 71,636 |
|
| 43,158 - 43,158 36,144 420 - 420 400 111 - 111 544 3,000 - 3,000 3,000 500 - 500 500 - - - 799 |
|
| 47,189 - 47,189 41,387 |
|
| 31,932 336 32,268 30,249 86,940 709 87,649 207,884 118,872 1,045 119,917 238,133 1,742,415 11,524 1,753,939 1,515,806 |
|
| 1,861,287 12,569 1,873,856 1,753,939 |
-3-
| Notes £ £ Fixed Assets Tangible assets 6 329,007 Investments 5 1,458,110 1,787,117 Current Assets Debtors - Cash at bank and in hand 7 91,137 91,137 Current Liabilities Deferred Income 2,998 Accruals 1,400 Creditors - Net Current Assets 86,739 1,873,856 Represented by: Unrestricted Funds 1,861,287 Restricted Funds 12,569 Total Funds 1,873,856 HORBURY COMMON LANDS TRUST BALANCE SHEET AS AT 31st DECEMBER 2020 2020 |
Notes £ £ Fixed Assets Tangible assets 6 329,007 Investments 5 1,458,110 1,787,117 Current Assets Debtors - Cash at bank and in hand 7 91,137 91,137 Current Liabilities Deferred Income 2,998 Accruals 1,400 Creditors - Net Current Assets 86,739 1,873,856 Represented by: Unrestricted Funds 1,861,287 Restricted Funds 12,569 Total Funds 1,873,856 HORBURY COMMON LANDS TRUST BALANCE SHEET AS AT 31st DECEMBER 2020 2020 |
Notes £ £ Fixed Assets Tangible assets 6 329,007 Investments 5 1,458,110 1,787,117 Current Assets Debtors - Cash at bank and in hand 7 91,137 91,137 Current Liabilities Deferred Income 2,998 Accruals 1,400 Creditors - Net Current Assets 86,739 1,873,856 Represented by: Unrestricted Funds 1,861,287 Restricted Funds 12,569 Total Funds 1,873,856 HORBURY COMMON LANDS TRUST BALANCE SHEET AS AT 31st DECEMBER 2020 2020 |
£ £ 329,007 1,370,461 1,699,468 - 57,454 57,454 2,083 900 - 54,471 1,753,939 1,742,415 11,524 1,753,939 2019 |
£ £ 329,007 1,370,461 1,699,468 - 57,454 57,454 2,083 900 - 54,471 1,753,939 1,742,415 11,524 1,753,939 2019 |
|---|---|---|---|---|
| 1,787,117 86,739 |
1,699,468 54,471 |
|||
| 91,137 2,998 1,400 - |
57,454 2,083 900 - |
|||
| 1,873,856 | 1,753,939 | |||
| 1,861,287 12,569 |
1,742,415 11,524 |
|||
| 1,873,856 | 1,753,939 |
The financial statements on pages 3 to 4 were approved by the trustees on and signed on their behalf by:
W B Ingham
-4-
1
HORBURY COMMONS LAND TRUST NOTES TO THE ACCOUNTS AS AT 31st DECEMBER 2020
Accounting Policies
a) Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard 102 applicable in the UK and Ireland and the Charities SORP 2015.
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b) The accounts have been prepared on the historic cost convention with the exception that investments are valued at market value. The accounts are in accordance with applicable accounting stardards, and the Charities SORP 2015. The accounts in the prior year were prepared under the previous UK GAAP and Charities SORP.
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c) Investment income is recorded when receivable.
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d) Expenditure on grants is recorded once the Trust has made an unconditional commitment to pay the grant and this is communicated to the beneficiary or the grant has been paid, whichever is the earlier, The Trust has not made any grant commitments of more than one year.
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e) Other expenditure is included in accounts on an accruals basis.
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f) All investments are held under the Charties Official Investment Funds and are valued at market value as per schedules supplied by the Charities Official Investment Funds
2
Taxation
The Trust is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes.
- 3
| Donations and Grants Welfare Associations, Clubs and Schools Local Churches Primrose Hall Horbury Community Centre Trust Individuals St Peter's Church - Service and repairs of Clock St Peter's Church Lighting St Peter's Church Bells Green Park Feasibility Study Grants to Aged persons Horbury Schools Restricted Grants - Horbury Academy Administration expenses Printing, Stationery and postage & other incidental expenses -5- |
2020 £ 7,200 12,198 2,959 8,811 - 260 4,800 - 5,082 152 - 2,000 43,158 - 43,158 111 111 |
2019 £ 11,455 6,051 1,105 1,822 500 253 - 10,000 - 4,958 - |
|---|---|---|
| 36,144 - |
||
| 36,144 | ||
| 544 | ||
| 544 | ||
4
HORBURY COMMONS LAND TRUST NOTES TO THE ACCOUNTS AS AT 31st DECEMBER 2020
| 2020 £ 5 Investments Cost Charities Official Investment Fund 80,299.76 Income Units 550,768.51 £ 1,446,311 Restricted Charities Official Investment Fund 655.09 Income Units £4,601.31 11,799 1,458,110 Movement in fixed assets were: Carrying value (market value) at beginning of year 1,370,461 Add: Additions to investments at cost - Less: Disposals at carrying value - Add/deduct: Net gain/(loss) on revaluation 87,649 1,458,110 6 Tangible assets Freehold land at Storrs Hill Road 26,000 Freehold land at Little Common 50,000 Freehold land at Southfield Lane 250,000 Furniture and Effects at valuation 3,007 329,007 The freehold land at Storrs Hill Road and freehold land at Little Common are based on a market valuation as at 20th July 2002.The freehold land at Southfield Lane is based on a market valuation as at 16th September 2004. 7 Cash at bank and in hand Barclays Bank plc - Current Account 67,137 COIF Deposit Fund 23,172 Cash in hand 58 90,367 Restricted Barclays Bank plc - Current Account 770 91,137 -6- |
2019 £ 1,359,371 11,090 |
|---|---|
| 1,370,461 | |
| 1,162,577 - - 207,884 |
|
| 1,370,461 | |
| 26,000 50,000 250,000 3,007 |
|
| 329,007 | |
| 33,810 23,112 99 |
|
| 57,021 433 |
|
| 57,454 | |