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|| |the**William Foster Charity**),**F M Henderson**,**Guy Poppleton**,|| |**A W Brooke Charities**and the**Horbury 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. - 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. - c) Investment income is recorded when receivable. - 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. - e) Other expenditure is included in accounts on an accruals basis. - 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| |||