REGISTERED CHARtri NUMBER: 222196 Report of the Trusto0s and Financial Statèments for tho Year End8d 31 D8cèmb8r 2024 for Poor'sland Trust Bennett Kirkhope Smith Chartered Certrfied Accounlanls Surtes 5 & 6 The Prinlworks Hey Road Barrow Clilheroe Lancashire B87 9W8
Poorfsland Trust Contents of the Flnanclal Statements for thé Yèar Endèd 31 Docomber 2024 Page Report of the Trustees 1 to 3 Indgpgndont Examin•r's Report Statomgnt of Financial Actlvlties Balance Sheet Notos to the Flnancial Statomenls 7 to 12 Detailed Statement of Finandal Actlvltles 13
Poor'sland Trust Report of the Trustees for the Year Ended 31 December 2024 The trustees psent their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of A¢UntIng and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliCate in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectivos and aims The objects and aims of the charity are.. {1) to promote the education of persons who are in need of financial assistance and resident in the area of benefit. 121 the relief of persons resident in the area of benefit who are in need. hardship or distress by.. lal making grants of money lo them. or (b) providing of paying for goods. seNices or facilities for them,. or Icl making grants of money to other persons or bodies who provide goods. services or facilities lo those In need. Each year the Iruslees review our objectives and activities to ensure they continue lo ect the charities aims. In carrying out thi5 review the trustees have considered the Charity Commission's general guidan on public benefit. Our objectives and aim5 remain lo provide advancement of educalion and relief ol povety for all persons r&sidenl in the area of SlaidbLtrn. Publ1¢ ben•fit In selling our objectives and reviewing our grant making decisM)ns we have given careful consideration lo the Charity Commission's public benefit guidance. Our objectives and aims as described above benefit the public and local community by enhanang the lives of those in need. hardship or distress and by promoting eduGalion of those in need. Grantmaking The charity's grant making poltcy allows the trustees lo make grants, al Ihelr dIsClI0n, to individuals resident in S12idburn in need of financial assistsnce lo promote education or relief of financial hardship. This ties in with the eharilable objectives which are specifically lo make such grants as described above. ACHIEVEMENTS AND PERFORMANCE Charitable actlvltles The trustees have continued to invest in their land and buildings to ensure they are maintained in good condition. They operate their work units for the twin benefits of providing lo¢al employment and producing income for the tnjst. Support to tha people in the community whom they consider to be needy as well as supports'ng local organisations for Community andlor education purposes has continued in the year tolalling £17,969. This includes the granting of £12.575 to local Sidents with less financial means in order to assist them during the Easlei and Christmas Periods, £500 to the Slaidburn Archive to assist with ongoing costs, and £100 10 the Slaidburn Steam Rally to assist with the annual costs of holding the event. £4.794 was granted lo Si Brennands Endowed School for the purchase of computer equipment for ¥Ghool children and staff. The maintenance of the work units and local grant making is in line with the charitsble objectives in assisting local people and the aforementioned institutions in being available lo the public and society as a whole. Page 1
Poorfsland Trust Report of the Trustees for the Year Ended 31 December 2024 FINANCIAL REVIEW Prlnclpal fundlng sources The charity's main income SOU is from rents réceived. which amounted to £25,619. Thls along with other investment income of £12,452 and countryside stewardship of £44 provided total investment Income of £38,115. In accordance with the charitable objectives, £17,969 of grants have been made. The costs of generating the ntaI income were £7,628, and governance and support costs lolalled £2,973. A bad debt of £1,306 that was written off in the previous year, for an unpaid loan lo a Slaidburn resident. was unexpectedly repaid and therefore the bad debt expense was reversed thi$ year. Surpluses generated are held in reserves for future expenditure or grant making and deficits are offset against brought forward reserves. Reservès policy The Iruslees have reviewed the reserves of the charity. Their policy is to trold sufficient funds to meet al least iwelve months operating costs as well as to accumulate reserves for future expenditure on local facilities in arcordance with the aims and objectives of the charity- Total fvnds of £897,179 are hdd at the year end, which includes £625,172 fixed assets. £247.805 of the fixed asse15 are restricted funds. Of the remaining £272,007 net current assets, funds of £201.868 are designated towards a future project lo develop accommodation for the eldedy in the Slaidburn area. This leaves £70,139 unrestricted and undesignaled reserves. which are held in accordance with the reserves policy above. Golng concarn The Iruslees use the going concern basis of accounting in the pParatIOn on the financial statements and there is no discernible doubt about the charity being able lo operate on a going concern basis of at least twelve months from the date when the financial statements are aulhorised. FUTURE PLANS Designated funds of £201,868 are being held for a futu project. in which lo develop accommodation for the eldedy in the Slaidburn area. There is currently no lime frame on starting or complellng this plan bul the funds are being held for a lime that an opportunity lo pul il into action becomes feasIle. The trustees will continue to provide facilities and finar101 assistance for the community of Slaidburn. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a scheme dated 29 November 2011 and conslitules an unincorporated charity. Rocruitrnent and appolntment of now trustees By this scheme a body of nine trustees is constiluled. of whom four are lo be nominated and five co-opted- each appointment musl be for a term of four years. Organisational structure The trustees meet 4-5 times a year lo discuss matters arising and plan future activities and expenditure. They are assisted by an administrator. who is provided by Slaidburn Village Hall. Al decisions are taken by the Iruslees. Induction and trainlng of new trustees New Iruslees are provided with a copy of the governing document and a verbal induction by an existing trustee. Page 2
Poor'sland Trust Report of the Tru$t¢es for the Year Ended 31 Decgmber 2024 REFERENCE AND ADMINISTRATIVE DAlLs Registered Charity number 222196 Prlnclpal addresg Woodhouse Gate Fam Callow Road Slaldburn Clilheroe Lancashire BB7 3AQ Trustees Mr J E Harrison Mr A Rigby Mr H H Robinson Mr T W Wells Mr N M Breaks Mrs G E Musson Mrs H Bury Mrs J HaNJh MrJACarr Mr RJ sperer All the Iruslees above, with the exception of Mr A Rigby, Mr N M Breaks, Mrs G Musson, Mr JA Carr. Mrs J Hai9h and Mr RJ Spencer are mentioned on the deeds as title holders in their capacity as the trustees of The Slaidburn Poorfsland Trust. Indapendant Examlner Bennell Kirkhope Smith Chartered Certrfied Accountants Suites 5 & 6 The Printworks Hey Road Barrow Clitheroe Lancashire BB7 9WB Bankers Barclays Bank PLC Castle Street Clitheroe Lancashire BB7 2BT 1314012a2r Approved by order of the board of trustees on .......................................... and signed on ils behaff by.. d/lG Mr H H Robinson - Trustee Page 3
Independent Examinerfs Report to the Trustees of Poorfsland Trust Independent examinerfs rgport to thg tru$tg9s of Poor'slanil Tru$t I report to the charity trustees on my examination of the accounts of Poorfsland Trust (the Trust) for the year ended 31 December 2024. Responsibilitigs and basis of r8port As Ihe charity trustees of the Trust you are responsible for the preparalK*n of the accounts in accordance with the requirements of the Charities Act 20111'lhe Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity CommissDn under Section 14515llbl of the Act. Indepondont examinar's statement I have completed my examination. I confirm that no material maller5 have come lo my attention In connection with the 8xamination giving me cause to believe Ihal in any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act.. or the accounts do not accord wllh those records.. or the accounts do nol comply with the applicable requirements concerning the fom) and content of accounts sel out in the Ch8ritles (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connecllon with the examination to which attention should be drawn In this report in order to enable a proper understanding of Ihe aGwunts to be reached. Mrs A M Smith Bennett Kirkhope Smith Chartered Certffied Accounlanls Suites S & 6 The Printr(S Hey Road Barrow Clitheroe Lancashlre BB7 9WB io Ila liOLr Dale.. Page 4
Poolsland Trust Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 Total fvnds 31.12.23. Total funds Unrestricted Restricted funds fund Notes INCOME AND ENDOWMENTS FROM Investment income 38.115 EXPENDITURE ON Raising funds 7,628 7,628 11,733 Charltablo actlvltlgs Relief of poverty Advancement of edu¢ation 12,575 4,088 12,575 4,088 12,185 5,600 Other 2,973 2.973 Total 27,264 27,264 32.497 NET INCOMEIIEXPENDrruRE) 10,851 10,851 (1.5431 RECONCILIATION OF FUNDS Total funds brought fonNard 638,523 247,805 886.328 887.871 TOTAL FUNDS CARRIED FORWARD 649,374 247 805 897 179 886,328 The notes form part of these financial slatemenls Page 5
Poorfsland Trust Balancè Sheet 31 DKember 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Reslricled funds fund Notes FIXED ASSETS Tangible assets Investment property 172 377,195 172 625,000 225 625,000 247,805 377,367 247.805 625,172 625,225 CURRENT ASSETS Debtors Cash al bank 5,464 271.538 4,129 262,833 271,538 277,002 277,002 266.962 CREDITORS Amounts falling due within one year {4,9951 {4,9951 {5,859} CURRENT ASSETS 272,007 272,007 261,103 TOTAL ASSETS LESS CURRENT LIABILITIES 649.374 247.805 897,179 886,328 NET ASSErs 649,374 247,805 897,179 886,328 FUNDS Unreslricled funds Restred funds 649,374 247,805 638,523 247,805 TOTAL FUNDS 897,179 886.328 The financial slalemen15 were approved by the 808rd of Trustees and authorised for issue on . and were signed on its behalf by-. Mr J E Harrison - Trustee The notes form part of these financial statements Page 6
Poorfsland Tru$t Notes to tho Financial Statemènts for tho Year Ended 31 Dècèmbèr 2024 ACCOUNTING POLICIES Basis of preparing the financial ststements The financial statements of the charity, which is a public benefit enlty under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounling and Reporting by Charities= Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the histor1 cost convention. Income All income is recognised in the Stslemenl of Financial Aclivilies. Once the charlty has entitlèment to the funds, il is probable thal the income will be received and the amount can be measured reliably. Expenditurè Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commilling the charity lo that expenditure. il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured llabty. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be direcuy attributed lo particular headings they have been allocated to activities on 2 basis consislenl with the use of resources. Grants offered sublecl lo cond(tions which have not been mel al the year end dale are noted as a mmilment but not accrued as expenditure. Tangiblo fix assets Depreciation is provided al the following annual rates in order lo write off each asset over rts estimated usefvl lrfe. Fixtures and fittings Offe equipment 15% on reducing balance 250/0 on reducing balance Investrnent property Investment property is shown al most recent Valuatn. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Stat8menl of Financial Aclivilies. The valuation has been piovided by an independent valuer who h)Ids the relevant professional qualifications and has experience in the location and class of the investment property being valued. Taxation The charity is exempt from tax on its charitable aclivilies. Fund aeeounting Unrestricted funds can be used in accordan with the charitable Oblte5 at the discretKJn of the trustees. Restricted funds can only be used for particular restricted purposes wrthin the objects of the charity. Restrictions arlse when specrfied by the donor or when funds are raised for parti¢ular restricted purposes. Further explanation of the nalure and purpose of each fund is included in the notes lo the financial slatements. Page 7 continued...
Poor'sland Trust Notes to the Flnanclal Statements - contlnued for the Year Ended 31 DeGember 2024 INVESTMENT INCOME 31.12.24 31.12.23 R8nls received Countyside stewardship and Wae2Ve Oeposil account interest 25,619 25.364 12.452 5,546 38,115 30,954 TRUSTEES. REMUNERATION AND BENEFITS There were no trustee5' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses There were no Iruslees, expenses paid for the year ended 31 Decemb 2024 nor ft)r the year ended 31 December 2023. 'COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds fund Total fvnds INCOME AND ENOOWMENTS FROM Investment income 30.954 30,954 EXPENDITURE ON R8ising"funds 11,733 11,733 Charitabl• actlvltlos Relief of poverty Advancement of education 12.185 5,600 12,185 5.600 Other 2,979 2,979 Total 32,497 32,497 NET INCOMEI{EXPENDITURE) 11.5431 11,543) RECONCILIATION OF FUNDS Total funds brought forward 640,066 247,805 887.871 TOTAL FUNDS CARRIED FORWARD 638,523 247,805 886.328 Page 8 continued...
Poorf51and Trust Notes to the Finantial Statements - contlnued for the Year Ended 31 December 2024 TANGIBLE FIXED ASSETS Fixtures and fittings equipment Totals COST At 1 January 2024 and 31 December 2024 910 DEPRECIATION Al 1 January 2024 Charge for year 875 4,963 48 5,838 53 Al 31 December 2024 880 5,011 5.891 NET BOOK VALUE At 31 December 2024 30 142 172 Al 31 December 2023 35 225 INVESTMENT PROPERTY FAIR VALUE At 1 January 2024 and 31 Decembèr 2024 625,000 NET BOOK VALUE At 31 December 2024 625,000 At 31 December 2023 625.000 Investment Property Revaluatlon Unr8Stricted Restrict Total Balance at 31 December 2021 and 1 January 2022 Revaluations 242,195 135,000 247.805 4),000 135,000 Balan¢e at 31 January 2022 377,195 247,805 625,000 Fair value at 31 December 2024 is repres8nled by.- Valuation in 2022 Valuation in 2015 Cost 135.000 330,718 159,282 625,000 Page 9 continued...
Poor'sland Trust Not65 to the Finan¢¥al Statements - continued for thè Year Ended 31 December 2024 INVESTMENT PROPERTY . ¢ontlnued If investment propety had not been revalued it would have been included at Ihe following historical cost.. 31.12.24 31.12.23 Cost 159.282 159.282 Investment property was valued on an open market basis on 25 August 2023 by Richard Turner & Son. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors Other debtors Prepayments 1,392 3,306 766 831 2,044 1,254 5,464 4,129 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 VAT Other ¢redilors Deposits held Acwed expenses 1,003 392 2,504 1,210 1,753 1,210 4.g95 MOVEPAENT IN FUNDS Nel movement in funds At 31.12.24 A11.1.24 Unrestricted funds General fund Designated fund 436,655 201,868 10,851 447,506 201.868 638,523 10,851 649,374 Restrlcled funds Reslricled fund 247,805 247,805 TOTAL FUNDS 886,328 10.851 897,179 Page 10 continued...
Poorf8land Trust Notes to the Financial Statements - Contlnued for the Year Ended 31 December 2024 MOVEMENT IN FUNDS. continued Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrostrict funds General fund 38,115 {27,264) 10,851 TOTAL FUNDS 38,115 27,264) 10,851 Comparatives for movement in funds Nel movement in funds At 31.12.23 At1.1.23 Unrestricted funds General fund Designated fund 438,198 201,868 11,543) 436,655 201,868 640,066 {1,543} 638.523 Ro$trlcted funds Restricted fund 247,805 247,805 TOTAL FUNDS 887.871 1,543) 886.328 Comparative nel movement in funds. included in the above are as follows- In¢oming resources Resources expended Movement in funds Unrestrlcted funds General fund 30,954 (32.497) 11,5431 TOTAL FUNDS 30.954 32,497) Page11 continued...
Poorfsland Trust Nol'os to tho Flnanclal Statements - continugd for the Year Ended 31 December 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows= Net movement in funds Al 31.12.24 At1.1.23 Unrestricted funds General fund Designated fund 438,198 201,868 9.308 447.506 201.868 640.066 9,308 649.374 Restrict•d funds Reslricled fund 247,805 247,805 TOTAL FUNDS 887.871 9.308 897.179 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resourc8S Resources expende Movement in funds Unrèstrlcted funds General fund 69,069 159,761) 9,308 TOTAL FUNDS 69.069 59,761 } 9.308 The designated funds of £201,868 are held towards a future project lo develop accommodation for the elderly In the Slamlburn area. The $tricted funds of £247.805 relate to a granl reGeived towards the cost of the investment propety. 10. RELATED PARTY DISCLOSURES £150 was gifted to Mrs Brernla Harrison as a thank you for complellng the annual bwkkeeping for the charity. She is the spouse of Trustee Mr John Halson and the grft was agreed by Trustees al a meeting of Trustees. There were no other related paty transactions for the year ended 310ecember 2024. £150 was gifted to Mrs Brenda Harrison as a thank you for completing the 8nnua5 bookkeeping for the charity in the year ending 31 December 2023. There were no other related party transactions for the year ended 31 December 2023. Page 12
Poorfsland Trust Detailed Statèrnont of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME ANO ENDOWMENTS Invgstment income Rents received Countyside stewardship and wayleave Deposit account interest 25,619 25,364 12.452 38,115 30.954 Total in¢omln9 resources 38.115 30,954 EXPENDITURE Ralsing funds Insurance Light and heal Rates and waler Repairs Internet 2,414 3,231 192 899 892 2,314 3,208 218 3,703 2,290 7,628 11,733 Charitable activitles Donations Bad debts Grants 2.504 {1.306) 17,969 13.975 16,663 17,785 Support costs Managemtrnt Rent Administration fees Fixtures and fittings depreciation Office equipment depreciation 70 1,560 48 63 1.683 1.689 Other Sundries 150 150 Governance costs Independent examination fee Legal and professional fees 1,040 100 1.040 100 1,140 1,140 Total resources expended 27.264 32,497 Nèt incomel{expénditurel 10,851 This page does not fomi part of the slalulory financial slalements Page 13