## **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|| |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 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 -1- ## **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 -2- ## 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| -3- |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: -4- ## 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. - 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
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 -5- ## 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| -6- 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| -7-