## **HORBURY COMMON LANDS TRUST** 

# **STATEMENT OF ACCOUNTS 31ST DECEMBER 2022** 



## **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 2022** 

## **TRUSTEES:** 

## **(2022)** 

## **CHAIRMAN:** 

M L TURNER 

## **VICE CHAIRMAN:** 

J A YARROW 

## **TRUSTEES:** 

J DAVID MELLOR CHRISTINE M CUDWORTH WILLIAM B INGHAM K MICHAEL M ADAMS ** KEITH LISTER * MARK L TURNER E ANN WEBSTER JULIE A YARROW 

* Resigned during 2022 ** Died during 2022 

**CLERK:** 

MARTIN F MILNER 

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## **REPORT OF THE AUDITOR TO** 

## **HORBURY COMMON LANDS TRUST** 

## **FOR THE YEAR ENDED 31 DECEMBER 2022** 

The total funds of the Trust have decreased during the year by £213,056. The COIF investments contributed £201,073 to the reduction in funds. 

Donations and grants paid have increased during the year, a total of £85,549 compared to £39,762 in 2021. At 31 December 2022 donations pledged during the year and not paid amounted to £19,000. 

The combined bank balances amount to £33,378 a decrease of £41,983 from 2021. A further £30,000 had been invested into COIF shares. The deposit accounts have been amalgamated into one account. A total of £2,974 was paid from the restricted fund account in to the main 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: 18 September 2023 

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## HORBURY COMMON LANDS TRUST INCOME AND EXPENDITURE ACCOUNT 

FOR THE YEAR ENDED 31st DECEMBER 2022 

|Notes<br>INCOME<br>Rents<br>Dividend Income<br>Donation<br>Interest Received<br>EXPENDITURE<br>Donations and Grants<br>3<br>Agents/Legal Fees<br>Administration/Sundry expenses<br>4<br>Clerk's Honorarium<br>Accounts Fee<br>Annual Dinner<br>Purchase of 1,571.28 COIF Income Units<br>SURPLUS (DEFICIT) FOR YEAR<br>Gain (Loss) on revaluation of investments<br>5<br>Cost of 1,571.28 New COIF Income Units<br>5<br>**Reconcilation of Funds**<br>Total funds brought forward<br>8<br>_Total funds carried forward_<br>8|2021<br>General<br>Restricted<br>Total<br>Total<br>£<br>£<br>£<br>£<br>35,134<br>-<br>35,134<br>35,134<br>45,162<br>356<br>45,518<br>43,019<br>-<br>-<br>-<br>-<br>335<br>4<br>339<br>3<br>2022|
|---|---|
||80,631<br>360<br>80,991<br>78,156|
||85,549<br>-<br>85,549<br>39,762<br>3,000<br>-<br>3,000<br>-<br>175<br>-<br>175<br>120<br>3,750<br>-<br>3,750<br>2,250<br>500<br>-<br>500<br>500<br>-<br>-<br>-<br>400<br>30,000<br>-<br>30,000<br>50,000|
||122,974<br>-<br>122,974<br>93,032|
||(42,343)<br>360<br>(41,983)<br>(14,876)<br>(199,506)<br>(1,567)<br>(201,073)<br>208,675<br>30,000<br>-<br>30,000<br>50,000|
||(211,849)<br>(1,207)<br>(213,056)<br>243,799<br>2,108,286<br>9,369<br>2,117,655<br>1,873,856|
||1,896,437<br>8,162<br>1,904,599<br>2,117,655|



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## HORBURY COMMON LANDS TRUST BALANCE SHEET AS AT 31st DECEMBER 2022 

|Notes<br>**Fixed Assets**<br>Tangible assets<br>6<br>Investments<br>5<br>**Current Assets**<br>Debtors<br>Cash at bank and in hand<br>7<br>**Current Liabilities**<br>Deferred Income<br>Accruals<br>Creditors<br>_Net Current Assets_<br>**Represented by:**<br>Unrestricted Funds<br>8<br>Restricted Funds<br>8<br>_Total Funds_|£<br>£<br>£<br>£<br>329,007<br>329,007<br>1,545,712<br>1,716,785<br>1,874,719<br>2,045,792<br>-<br>-<br>33,378<br>75,361<br>33,378<br>75,361<br>2,998<br>2,998<br>500<br>500<br>-<br>-<br>29,880<br>71,863<br>1,904,599<br>2,117,655<br>1,896,437<br>2,108,286<br>8,162<br>9,369<br>1,904,599<br>2,117,655<br>2022<br>2021|£<br>£<br>£<br>£<br>329,007<br>329,007<br>1,545,712<br>1,716,785<br>1,874,719<br>2,045,792<br>-<br>-<br>33,378<br>75,361<br>33,378<br>75,361<br>2,998<br>2,998<br>500<br>500<br>-<br>-<br>29,880<br>71,863<br>1,904,599<br>2,117,655<br>1,896,437<br>2,108,286<br>8,162<br>9,369<br>1,904,599<br>2,117,655<br>2022<br>2021|
|---|---|---|
|||2,045,792<br>71,863|
||33,378<br>2,998<br>500<br>-||
||||
|||2,117,655|
|||2,108,286<br>9,369|
|||2,117,655|



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 2022 

## **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 

|2022<br>£<br>**Donations and Grants**<br>Welfare Associations, Clubs and Schools<br>24,592<br>Local Churches<br>10,051<br>Methodist Church damp proofing<br>6,500<br>Primrose Hall<br>909<br>Cluntergate Centre (Horbury Community Centre Trust<br>1,275<br>Cluntergate Centre, boilers & flooring<br>16,000<br>St Peter's Church - Service and repairs of Clock<br>277<br>St Peter's Church Lighting<br>-<br>St Peter's Church Roof & Georgian Windows<br>10,000<br>Green Park<br>10,000<br>Grants to Aged persons<br>5,945<br>Horbury Schools<br>-<br>85,549<br>Restricted<br>St Peter's & Clifton Primary School<br>-<br>85,549<br>**Administration expenses**<br>Printing, Stationery and postage<br>175<br>& other incidental expenses<br>175|2021<br>£<br>10,999<br>9,969<br>-<br>823<br>1,338<br>-<br>269<br>4,242<br>-<br>1,800<br>5,102<br>-|
|---|---|
||34,542<br>5,220|
||39,762|
||120|
||120|



4 

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## HORBURY COMMONS LAND TRUST NOTES TO THE ACCOUNTS AS AT 31st DECEMBER 2022 

||||||2022|2021|
|---|---|---|---|---|---|---|
||||||£|£|
|5|**Investments**|Cost|||||
||Charities Official Investment Fund||||||
||84,391.42<br>Income Units|£|630,768.51<br>||1,533,806|1,703,312|
||Restricted||||||
||Charities Official Investment Fund||||||
||655.09 Income Units||£4,601.31||11,906|13,473|
||||||1,545,712|1,716,785|
||Movement in fixed assets were:||||||
||Carrying value (market value) at beginning of|year|||1,716,785|1,458,110|
||**Add**: Additions to investments at cost||||30,000|50,000|
||**Less**: Disposals at carrying value||||-|-|
||**Add/deduct**: Net gain/(loss) on revaluation|||-|201,073<br>|208,675|
||||||1,545,712|1,716,785|
|6|**Tangible assets**||||||
||Freehold land at Storrs Hill Road||||26,000|26,000|
||Freehold land at Little Common||||50,000|50,000|
||Freehold land at Southfield Lane||||250,000|250,000|
||Furniture and Effects at valuation||||3,007|3,007|
||||||329,007|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||||15,068|33,541|
||COIF Deposit Fund||||18,160|45,826|
||Cash in hand||||150|98|
||||||33,378|79,465|
||Restricted||||||
||Barclays Bank plc - Current Account||||-<br>-|4,104<br>|
||||||33,378|75,361|



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8 

## HORBURY COMMONS LAND TRUST NOTES TO THE ACCOUNTS AS AT 31st DECEMBER 2022 

|**Funds**<br>**General**<br>Investments<br>Bank Accounts and Cash<br>Tangible Assets<br>Current Liabilities<br>Due from Restricted Funds<br>**Restricted Funds**<br>Investments<br>Bank Accounts<br>Due to General Fund|2022<br>£<br>1,533,806<br>33,378<br>329,007<br>3,498<br>-<br>3,744<br>1,896,437<br>11,906<br>-<br>3,744<br>-<br>8,162|2021<br>£<br>1,703,312<br>72,747<br>329,007<br>3,498<br>-<br>6,718|
|---|---|---|
|||2,108,286|
|||13,473<br>2,614<br>6,718<br>-|
|||9,369|



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