HORBURY COMMON LANDS TRUST
STATEMENT OF ACCOUNTS 31ST DECEMBER 2021
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 | 5-7 |
HORBURY COMMON LANDS TRUST
ACCOUNTS
YEAR ENDED 31ST DECEMBER 2021
TRUSTEES:
(2021)
CHAIRMAN:
J A YARROW
VICE CHAIRMAN:
K LISTER
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
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REPORT OF THE AUDITOR TO
HORBURY COMMON LANDS TRUST
FOR THE YEAR ENDED 31 DECEMBER 2021
The total funds of the Trust have increased a further £243,799 during the year. The COIF investments continue to grow and this resulted in an increase in valuation of £208,675 for the year.
Donations and grants paid have slightly decreased during the year, a total of £39,762 compared to £43,158 in 2020. At 31 December 2021 donations pledged during the year and not paid amounted to £20,000.
The combined bank balances amount to £75,361, a decrease of £15,776 from 2020. A further £50,000 had been invested into COIF shares. The deposit accounts are to be amalgamated into one 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: 9 September 2022
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HORBURY COMMON LANDS TRUST INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31st DECEMBER 2021
| 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 Purchase of 2,520.38 COIF Income Units SURPLUS (DEFICIT) FOR YEAR Gain (Loss) on revaluation of investments 5 Cost of 2,520.38 New COIF Income Units 5 Reconcilation of Funds Total funds brought forward 8 Total funds carried forward 8 |
2020 General Restricted Total Total £ £ £ £ 35,134 - 35,134 37,834 42,673 346 43,019 41,562 - - - - 3 - 3 61 2021 |
|---|---|
| 77,810 346 78,156 79,457 |
|
| 34,542 5,220 39,762 43,158 - - - 420 120 - 120 111 2,250 - 2,250 3,000 500 - 500 500 400 - 400 - 50,000 - 50,000 - |
|
| 87,812 5,220 93,032 47,189 |
|
| (10,002) (4,874) (14,876) 32,268 207,001 1,674 208,675 87,649 50,000 - 50,000 - |
|
| 246,999 (3,200) 243,799 119,917 1,861,287 12,569 1,873,856 1,753,939 |
|
| 2,108,286 9,369 2,117,655 1,873,856 |
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| Notes £ £ Fixed Assets Tangible assets 6 329,007 Investments 5 1,716,785 2,045,792 Current Assets Debtors - Cash at bank and in hand 7 75,361 75,361 Current Liabilities Deferred Income 2,998 Accruals 500 Creditors - Net Current Assets 71,863 2,117,655 Represented by: Unrestricted Funds 8 2,108,286 Restricted Funds 8 9,369 Total Funds 2,117,655 HORBURY COMMON LANDS TRUST BALANCE SHEET AS AT 31st DECEMBER 2021 2021 |
Notes £ £ Fixed Assets Tangible assets 6 329,007 Investments 5 1,716,785 2,045,792 Current Assets Debtors - Cash at bank and in hand 7 75,361 75,361 Current Liabilities Deferred Income 2,998 Accruals 500 Creditors - Net Current Assets 71,863 2,117,655 Represented by: Unrestricted Funds 8 2,108,286 Restricted Funds 8 9,369 Total Funds 2,117,655 HORBURY COMMON LANDS TRUST BALANCE SHEET AS AT 31st DECEMBER 2021 2021 |
Notes £ £ Fixed Assets Tangible assets 6 329,007 Investments 5 1,716,785 2,045,792 Current Assets Debtors - Cash at bank and in hand 7 75,361 75,361 Current Liabilities Deferred Income 2,998 Accruals 500 Creditors - Net Current Assets 71,863 2,117,655 Represented by: Unrestricted Funds 8 2,108,286 Restricted Funds 8 9,369 Total Funds 2,117,655 HORBURY COMMON LANDS TRUST BALANCE SHEET AS AT 31st DECEMBER 2021 2021 |
£ £ 329,007 1,458,110 1,787,117 - 91,137 91,137 2,998 1,400 - 86,739 1,873,856 1,861,287 12,569 1,873,856 2020 |
£ £ 329,007 1,458,110 1,787,117 - 91,137 91,137 2,998 1,400 - 86,739 1,873,856 1,861,287 12,569 1,873,856 2020 |
|---|---|---|---|---|
| 2,045,792 71,863 |
1,787,117 86,739 |
|||
| 75,361 2,998 500 - |
91,137 2,998 1,400 - |
|||
| 2,117,655 | 1,873,856 | |||
| 2,108,286 9,369 |
1,861,287 12,569 |
|||
| 2,117,655 | 1,873,856 |
The financial statements on pages 3 to 4 were approved by the trustees on and signed on their behalf by:
J A Yarrow
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1
HORBURY COMMONS LAND TRUST NOTES TO THE ACCOUNTS AS AT 31st DECEMBER 2021
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
4
| Donations and Grants Welfare Associations, Clubs and Schools Local Churches Primrose Hall Horbury Community Centre Trust St Peter's Church - Service and repairs of Clock St Peter's Church Lighting Green Park Feasibility Study Grants to Aged persons Horbury Schools Restricted St Peter's & Clifton Primary School Administration expenses Printing, Stationery and postage & other incidental expenses |
2021 £ 10,999 9,969 823 1,338 269 4,242 1,800 5,102 - 34,542 5,220 39,762 120 120 |
2020 £ 7,200 12,198 2,959 8,811 260 4,800 5,082 152 - 2,000 |
|---|---|---|
| 43,158 - |
||
| 43,158 | ||
| 111 | ||
| 111 |
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HORBURY COMMONS LAND TRUST NOTES TO THE ACCOUNTS AS AT 31st DECEMBER 2021
| 2021 £ 5 Investments Cost Charities Official Investment Fund 82,820.14 Income Units 600,768.51 £ 1,703,312 Restricted Charities Official Investment Fund 655.09 Income Units £4,601.31 13,473 1,716,785 Movement in fixed assets were: Carrying value (market value) at beginning of year 1,458,110 Add: Additions to investments at cost 50,000 Less: Disposals at carrying value - Add/deduct: Net gain/(loss) on revaluation 208,675 1,716,785 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 33,541 COIF Deposit Fund 45,826 Cash in hand 98 79,465 Restricted Barclays Bank plc - Current Account 4,104 - 75,361 |
2020 £ 1,446,311 11,799 |
|---|---|
| 1,458,110 | |
| 1,370,461 - - 87,649 |
|
| 1,458,110 | |
| 26,000 50,000 250,000 3,007 |
|
| 329,007 | |
| 67,137 23,172 58 |
|
| 90,367 770 |
|
| 91,137 |
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8
HORBURY COMMONS LAND TRUST NOTES TO THE ACCOUNTS AS AT 31st DECEMBER 2021
| Funds General Investments Bank Accounts and Cash Tangible Assets Current Liabilities Due from Restricted Funds Restricted Funds Investments Bank Accounts Due to General Fund |
2021 £ 1,703,312 72,747 329,007 3,498 - 6,718 2,108,286 13,473 2,614 6,718 - 9,369 |
2020 £ 1,446,311 88,869 329,007 4,398 - 1,498 |
|---|---|---|
| 1,861,287 | ||
| 11,799 2,268 1,498 - |
||
| 12,569 |
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