HORBURY COMMON LANDS TRUST
STATEMENT OF ACCOUNTS 31ST DECEMBER 2024
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 2024
TRUSTEES:
(2024)
CHAIRMAN:
S BROOK
VICE CHAIRMAN:
M L TURNER
TRUSTEES:
J DAVID MELLOR CHRISTINE M CUDWORTH * MARK L TURNER E ANN WEBSTER JULIE A YARROW STEPHEN BROOK ANGELA BYRAM * PETER BALDOCK ALAN HUDDERS SARAH JOLLY
*Resigned during 2024
CLERK:
MARTIN F MILNER
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REPORT OF THE AUDITOR TO
HORBURY COMMON LANDS TRUST
FOR THE YEAR ENDED 31 DECEMBER 2024
The total funds of the Trust have increased during the year by £52,782. The COIF investments contributed £37,185 to the increase in the funds.
Donations and grants paid have increased during the year, a total of £65,427 compared to £55,020 in 2023.
The combined bank balance amounted to £20,133 a decrease of £34,403 from 2023.
There has been no additions or disposals of fixed assets during they 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 S70 5SS
Dated 9 September 2025
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HORBURY COMMON LANDS TRUST INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31st DECEMBER 2024
| 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 2,417.46 COIF Income Units SURPLUS (DEFICIT) FOR YEAR Gain (Loss) on revaluation of investments 5 Gain (Loss) on revaluation of tangible assets 6 Cost of 2,417.46 New COIF Income Units 5 Reconcilation of Funds Total funds brought forward 8 Total funds carried forward 8 |
2023 General Restricted Total Total £ £ £ £ 35,132 - 35,132 35,132 46,979 - 46,979 46,333 - - - - 3,115 3,115 1,264 2024 |
|---|---|
| 85,226 - 85,226 82,729 |
|
| 57,027 8,400 65,427 55,020 - - - 2,400 141 - 141 494 3,000 - 3,000 3,000 500 - 500 500 561 - 561 657 50,000 - 50,000 - |
|
| 111,229 8,400 119,629 62,071 |
|
| (26,003) (8,400) (34,403) 20,658 37,185 0 37,185 142,036 0 0 0 34,000 50,000 - 50,000 - |
|
| 61,182 (8,400) 52,782 196,694 2,092,199 9,094 2,101,293 1,904,599 |
|
| 2,153,381 694 2,154,075 2,101,293 |
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| Notes £ £ Fixed Assets Tangible assets 6 363,007 Investments 5 1,774,933 2,137,940 Current Assets Debtors - Cash at bank and in hand 7 20,133 20,133 Current Liabilities Deferred Income 2,998 Accruals 1,000 Creditors - Net Current Assets 16,135 2,154,075 Represented by: Unrestricted Funds 8 2,153,381 Restricted Funds 8 694 Total Funds 2,154,075 HORBURY COMMON LANDS TRUST BALANCE SHEET AS AT 31st DECEMBER 2024 2024 |
Notes £ £ Fixed Assets Tangible assets 6 363,007 Investments 5 1,774,933 2,137,940 Current Assets Debtors - Cash at bank and in hand 7 20,133 20,133 Current Liabilities Deferred Income 2,998 Accruals 1,000 Creditors - Net Current Assets 16,135 2,154,075 Represented by: Unrestricted Funds 8 2,153,381 Restricted Funds 8 694 Total Funds 2,154,075 HORBURY COMMON LANDS TRUST BALANCE SHEET AS AT 31st DECEMBER 2024 2024 |
Notes £ £ Fixed Assets Tangible assets 6 363,007 Investments 5 1,774,933 2,137,940 Current Assets Debtors - Cash at bank and in hand 7 20,133 20,133 Current Liabilities Deferred Income 2,998 Accruals 1,000 Creditors - Net Current Assets 16,135 2,154,075 Represented by: Unrestricted Funds 8 2,153,381 Restricted Funds 8 694 Total Funds 2,154,075 HORBURY COMMON LANDS TRUST BALANCE SHEET AS AT 31st DECEMBER 2024 2024 |
£ £ 363,007 1,687,748 2,050,755 - 54,536 54,536 2,998 1,000 - 50,538 2,101,293 2,092,199 9,094 2,101,293 2023 |
£ £ 363,007 1,687,748 2,050,755 - 54,536 54,536 2,998 1,000 - 50,538 2,101,293 2,092,199 9,094 2,101,293 2023 |
|---|---|---|---|---|
| 2,137,940 16,135 |
2,050,755 50,538 |
|||
| 20,133 2,998 1,000 - |
54,536 2,998 1,000 - |
|||
| 2,154,075 | 2,101,293 | |||
| 2,153,381 694 |
2,092,199 9,094 |
|||
| 2,154,075 | 2,101,293 |
The financial statements on pages 3 to 4 were approved by the trustees on and signed on their behalf by:
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HORBURY COMMONS LAND TRUST NOTES TO THE ACCOUNTS AS AT 31st DECEMBER 2024
1
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
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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 Individual - conservation trip Primrose Hall Cluntergate Centre (Horbury Community Centre Trust) St Peter's & St John's Heating St Peter's SBG celebrations St Mary's Church, seating St Peter's Church - Service and repairs of Clock Floral display for John Carr anniversary Green Park Grants to Aged persons Horbury Schools Restricted Horbury Town FC U16 trip to Spain Horbury Breakthrough Youth Project Administration expenses Printing, Stationery and postage & other incidental expenses |
2024 £ 18,850 7,743 400 1,012 3,000 - 950 10,000 292 - 8,000 6,780 - 57,027 1,400 7,000 65,427 141 141 |
2023 £ 29,250 7,189 - 1,017 742 6,000 - - 292 600 3,000 6,930 - |
|---|---|---|
| 55,020 - - |
||
| 55,020 | ||
| 494 | ||
| 494 |
4
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HORBURY COMMONS LAND TRUST NOTES TO THE ACCOUNTS AS AT 31st DECEMBER 2024
| 2024 £ 5 Investments Cost Charities Official Investment Fund 87,463.97 Income Units 693,249.42 £ 1,774,933 1,774,933 Movement in fixed assets were: Carrying value (market value) at beginning of year 1,687,748 Add: Additions to investments at cost 50,000 Less: Disposals at carrying value - Add/deduct: Net gain/(loss) on revaluation 37,185 1,774,933 6 Tangible assets Freehold land at Storrs Hill Road 80,000 Freehold land at Little Common 250,000 Freehold land at Southfield Lane 30,000 Furniture and Effects at valuation 3,007 363,007 The freehold land at Storrs Hill Road, Little Common and Southfield Lane is based on a market valuation as at 8th February 2023. 7 Cash at bank and in hand Barclays Bank plc - Current Account 306 COIF Deposit Fund 18,839 Cash in hand 294 19,439 Restricted Barclays Bank plc - Current Account 694 20,133 |
2023 £ 1,687,748 |
|---|---|
| 1,687,748 | |
| 1,545,712 - - 142,036 |
|
| 1,687,748 | |
| 80,000 250,000 30,000 3,007 |
|
| 363,007 | |
| 558 44,424 460 |
|
| 45,442 9,094 |
|
| 54,536 |
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8
| 2024 £ Funds General Investments 1,774,933 Bank Accounts and Cash 19,439 Tangible Assets 363,007 Current Liabilities 3,998 - Due from Restricted Funds - 2,153,381 Restricted Funds Investments - Bank Accounts 694 Due to General Fund - 694 HORBURY COMMONS LAND TRUST NOTES TO THE ACCOUNTS AS AT 31st DECEMBER 2024 |
2023 £ 1,687,748 45,442 363,007 3,998 - - |
|---|---|
| 2,092,199 | |
| - 9,094 - |
|
| 9,094 |
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