## **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|| |the**William Foster Charity**),**F M Henderson**,**Guy Poppleton**,|| |**A W Brooke Charities**and the**Horbury Educational Foundation**)|**3-4**| |**NOTES TO THE ACCOUNTS**|**5-7**| ## **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 -1- ## **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 -2- ## 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| -3- |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 -4- 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. - 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 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| -5- ## 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| -6- 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| -7-