REGISTERED CHARITY NUMBER: 225449 Report of th• TfU•t••• •nd Finan¢lal Statsmonts fortho Yoay Endod 31st M•r¢h 2024 Garstang Tn Tru8t Tt)r8 + Gomall Ltd Chortered Certlfied Accountants River 96 High Street Garstang Preston Lancashire PR3 1WZ
Garstsng Town Trusl Contents of the Financlal Ststoments for the Yèar Ended 31 st March 2024 P890 Chalrni•'¥ Report Report of th? TSta 2 to 3 Indopond•nt Examlnerf8 R•port Statsment ot Flnandal Actlvltles Balanco Sheet Notes to the Flnandal Stst•rnents 7 10 11 De&I•d Statwnent of FSnandal A¢tlvhleB 12
Garstang Town Trust Chalmian'$ Report for tho Yoar Ended 31st March 2024 Chan In Tru$t•M: Wyre Trustee Elizabeth Webstsr dKI not starKI for Wyre wJ8in, therefore cam& off the Trusl only to b9 appolnt8d back onto the TnJ8t as a Gar8tany Town Courtdl presentate Tnthe. Sandra Pethins became a G8rstang Town Counullor again and was therefce re-appjinted to the Tnt as a Gatang Town Council Representative Trustee. Wyre Councillor Mr8. Alice Collin80n was welcom8d to thè TN81 as a Wyre Repr980ntative Tfuslee. Trustee Mrs. Elizabgth pr$0,8 temi of off*e cgme lo on end. She hod o busy year ahaad as hgr husband vras appoSnted Mayorof Gathg. iority on tho bulldlngs thls yearwas the orrfJolwJ d8mp rxwfing at the Arts Centro, ond decoratlng. Issuos wilh Ihg beer cellar rcof. slill ongoing, in thg hand$ of Robin$on'$ and the roof bgknn th8 Town Hall and M$rk8t House. Storm damage to the Arts Centre flat roof was tsmporarity repaired, slill awaiti p?manent repair. The North $ld8 of Matst House has r8nd8rad follovAng the bulkllng next door at App18garth. The boundary wall b8hYe8n Town Tnjst property and Mr. & MTr. Dyers. property has been rebuilt a$ it Was in very pcK)r condition. Mark•t: The market 18 holding its own und8rthe curr8ntfflnaal cSrcum8t8nce& Flnanco.. A donation of£500 was made to thè G8r8tsng Christm88 Lights apwl. A naw highor-intorsst bank a¢¢ount was op8ned to eam a battèr rgturn on TcAwi Trust money. Thank you lo Trustee Mr. lan Sevrdrt for org8nlliNJ the buihjiro of a websitè for thé Tw$1 to pronb)ts wh81 do and to promote the mark8ts. Pagg 1
Garstang Town Trust Report of the Truste•s for th? Year Ended 31st March 2024 The trustees Present their report with the flnanclal siataments of the charfty for th8 year ended 31st Mard) 2024. Th8 trustèes have adopted the provish)ns of Accounting and Reporting by Charil8s: Statemant of Rec(xMm8nd8d Practtce appllcable to chaiibes preparing their accounts In accordance vhth the Flnancial ReporUThJ Stsndard appllcable In the UK and Republ of Iland IFRS 1021 leffeclive 1 January 2019). OBJECTIVES AND ACTIVITIES Obl•ctlv•s and alms Estoblishing and maintaining various buildings for the use of the inhabTtants of GaTStang and for any olher charitatle purpose brthg general benefit of the inhabitants of Garstsng that the trustees thSnk fit. ACHIEVEME1 AND PERFORMANCE Charitabl• activlUe• The Trust has continued lo support the Christmas Lights with fijnds of £500 provided. Fundrol•lng actlvlt1•8 The Arts Centre. The Garstang Club ond both the North and South shops 8r8 al fvlly op8n. FINANCIAL REVIEW In the oplnlon of th8 TTUSt8es. th8 chaiity has perforned to a satisfactory level. Thefe was a deficit made of £4,135 compared to a surplus of £3,522 in 2023. The deficit ¥was created due to necessary extrdordinary costs relating to remedial rk and subsequent redecoraon at the Arts Centre. totalling £28,930. £7,000 of this expenditure Is to be reimbursed by the Arts Sockty In the nexi financial y&afs. Tha r*imbursgmonl ho$ bg¥n rofi8¢twJ in accounts. reducFng the dellcit aCrdIngly. STRUCTURE. GOVERNANCE AND MANAGEMENT Gov•rnlng docum?nt The charity is controlled by rts govemlng document, a deed of trust and constitute$ on unlnc0rpolat charfty. GaTStBng Town Trust arg responsible for runnlng the market and upkeep of several listed bulldings In Garstsng after which surplus money may be glven In grants to local groups to holp them with their pr<4e¢ts. A free charity Stall is provided {April to October) OLtside the Mark8t Hous8 for th8 use of IAl organ8"0ns/gT0uPS wlshlng to rais8 fijnds. This can b& booked via the Mathet Superintendent REFERENCE AND ADMINISTRATIVE DETAILS Rogi¥t•red Charity numtJeT 225449 Prln¢lp•l address Town Hall Market Place Gatstang Preston Lancashire PR3 1ZA TfustO08 Mr G Harter Mr T Iblson Mr M G Haiford Mrs JA Nickson Lady DM Atkins Mr D R Lewis Chalrnan Mr IR Sewart Mrs E J Webster lappolnted 2116r231 Mr A R Allon Mr5 EA Collinson (appointed 114123} Mr5 S D PeTkins lappointgd 1141231 Page 2
Garstang Town Trust Report of the Trustees for the Year Ended 31st March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Indepgndent Examlner Mr MR Gomall Tower8 + Gomall Ltd Charter8d Cerlifie(l Accountants River View 96 HEgh Str¢gt Garstang Preston Lancashire PR3 1WZ Approved by order of board oftrusteas on 101h Marth 2025 signe¢J on its behalf by.. Mr D R LgvA8- Twst88 Pago 3
Independent Examlnerfs Report to tho Trustees of Garstang Town Trust Independ•nt ¥mIne8 rnport to th• trustees of Garstang Town Trust I report to the d)arity Irust888 on my 8X8minalKJn of ts acKounts of GarstsNJ Town Tnjst (the Twstl for the year ended 31st March 2024. R•sponibllltles and ba81$ of roport As Ihg charity tnjstees of the Trust you are SpOn$1b1O ft>r the preparation of 1hg accounts in accordance vAth requlrgments of tha Charib8s Act 2011 (Ihe Acv). I raport in T8SPeCt of my examlnallon of the Trusfs accounts c8rrled out under Section 145 of the Act and in Caryng out my exanNnatlon I have folowed all appllcable Dify¢tions glven by Iha Charfty Comm18slon under Sectlon 14515llbl of the Indopendent •xaminorf• ¥tatement I have compl8led my examlnatlon. I conflm that no material matters hav• come to my attention In conng¢tK)n Vth mination glvlng me cau8e to beli8vo Ihat In any material respert. 8ccounling records We not kept in respect of th8 Twst 88 requlred by Sectk)n 130 of the ACL. or the accounts do not accord wlh th08e records., or thè accounts do not comply tt)8 8ppll¢able requlrgmonts concemlng thè fomi and content of.a¢cowts tel out in Charitias (Accounts and Reports) R8gulations 2008 other than any requirgmgnt that tho 4¢Unts true and fairvlewvthich Is rKl a matt6rconsider8d a8 part of an independent 8xamin8tion. I havg no concems 8nd have como rOSS no other matters In conne¢tion with the examination to whkh attenlion should be dravm in thls r8port in order lo enablg a proper understsndlng of Ihe aw)unts to be reacheo. Mr MR Gomall Towers * GomaN Ltd Chartèrgd C8rtiffied A(uuntants Fver Vi8w 96 High Street Garstsng Preston Lanca$hirfr PR3 1WZ 101h Mor¢h 2025 Page 4
Garstsng Town Trust Statement of Financlal Actlvlties for the Year Ended 31sl March 2024 2024 Unreslrfclgd fvnd 2023 Totsl fvnds Not88 INCOME AND ENDOWMENTS FRCAI Other tradlng actlvlttes Investment income 61,034 439 53.714 111 Total 61,473 53,825 EXPENDITURE ON Rai$lng frjnds 42,756 27.828 Othèr 22.852 22,477 Total 65,608 50,303 NET INCOMEI{EXPENDmJREI {4,135) 3,522 RECONCILIATION OF FUKJS Total funds brought forward 1,325,344 1.321,822 TOTAL FUNDS CARRIED FORWARD 1.321.209 1,325,344 The Mles fomi part ofthe8e financk41 statom8nls P&Jo 5
Garstang Town Trust Balan¢• shoot 31st March 2024 21724 Unreslri¢tod 2023 Totsl funds FIXED ASSErs Tangible oss 1.2W,619 1280,619 CURRENT ASSETS Debtors Cash at bank 7.fyjo 34,819 46.416 41.819 46,416 CREDrroRS AnK*unts falling du8 vAlhln one year (1,229) {I.PlI IIET CURRENT ASS3 40.590 44.725 TOTAL A8SEfs LESS CURRENT LIABILITIES 1.321.209 1,325.344 NET ASSETS 1,321.209 1.325,344 FUNDS Unreslricled fvJnd8 1.321,209 1.325.344 TOTAL FUNDS 1,321,209 1.325,344 The finandal statements were approved by the Board of Tr[tee$ and a(rthori8ed for Issue on 10th March 2025 re slgned on haifby.. MrDRL8wis-Tn The nol88 fom part ofthese fin8nual statements P899 6
Garstang Town Trust Notes to the Financial Staternents for the Year Ended 31 st March 2024 ACC¢XIIrnNG POLICIES Basls of prnparlng the financlal 8tatsmont• The financial stst8ments of the charity. which 1$ 8 publlc bèn8flt èntity under FRS 102, have beèn Prepared In accordance vthh the Charities SORP IFRS 1021 'Accounting and Reporting by chan.8S.. Ststement of Recommended Practice applicable to chanties preparing thoir accounts in accoTd8n¢e with thè FlnancABI Reporting Standard applicable In the UK and Republlc of Ireland IFRS 102} leff8Ctlv8 1 January 2019}', Finandal Reporting Standar(J 102 The Financial Roporting Standard applicable in the UK and Republi¢ ol Ir8land' and the Charltles Act 2011. The ffinan¢ial statsments have been prepared under hlstortcal cost convention. Income l inTr)me Is re£oJn188d in thè Statsment of Fin8ndal AtIeS onca the charity has entKlement to the fvnd$, 18 probabb that the incorne will b& received and the amount can be me&8ured rdiab. Exp•ndlturn Liabilitiès are recognlsed as expenditure as soon as therp 1$ a Iggal or constructive obligatM)n commtttlng th6 oharity to that exp8ndlture, f( 18 probab th818 transf8r of 8conomK ben8ffts will be requlred In 88tUement and th8 amount of the obligation can bo me8$ured rellably. Expenditure is accounted for on an accruals basls and has been classlfied under h8adiros that aggfO9ate all cost related lo the category. Whar8 costs cannot b8 dlr8cUy 8ttsfbuled to parflcular headings thay have been alkKaled lo a¢lMties on a basls consistent vth the u8e of re8ourc88. Tanglblo fix•d •u•ts DepTeciaUon Is proided at the folloirwJ annual rate8 in order to wrlt8 off each asset ovgr Its eslimaled u88fv1 Taxation The charfty Is exempt from tax on Ils ch8rflob acues. Fund accountlng Unrestslct8d funds can be used In accordance th th8 charrtaile obleGtiVo$ at th8 dlscTrUon of the trustee$. Restrfcted funds can only b8 v88d for particular restrlcted purposes thin the objects of ¢harfty. Ros1rfl0 arise when Specified by Ilw donor when fijnds are raised for parbcular restricted ptsrposes. Furfhor explanation of the nature and purpose of each fvnd is Indudad in th8 notes to the financial ststsmènts. OTHER TRADING ACTIVITIES 2024 2023 Mathet Tolls and Shop Rerts Garslang Arts Centm 8ri115h Legion storage spar 48,608 2,720 6,368 3,338 42.3} 2.040 2.916 61.034 53,714 INVESTMENT INCOME 2024 2023 Deposit a¢coLtnt interest 439 PeT continugj...
Garstang Town Trust Notes to Ihe Flnanclal SLitem•nts - continued for the Year Ended 31st March 2024 TRUSTEES. REMUNERATION AM) BENEFITS There were no Irustee$' remuneration LY olhar bengfits for thg y98r end80 3181 March 2024 nc* for tha year end8(J 31st Marth 2023. Tru8te•s' expense¥ There no knJ8tee$' eyertses pald br the yoar ended 31st March 2024 nor for the ygar end8d 31st March 2023. COMPARATIVES FOR THE STATEMENT OF FINAMCIAL ACTMTES Unrestrfcted fijnd INCOAIE AND ENDOWMENTS FROM other trading aCtitieS Investment incom& 53.714 111 Totsl 53.825 EXPENDITURE ON Ralsing fijnds 27,826 Other 22.477 Total 50,303 NET INCOME 3,522 RECONCILIATbON OF FUNDS Total ndS brought fOard 1,321,822 TOTAL FUNDS CARRIED FORWARD 1.325,344 TANGIBLE FIXED ASSETS The Markol House Butchers Cwrt The Town Hall COST At 1stAl 2023 and 31st March 2024 198.675 221,866 DEPRECIATION At 1st ri1 2023 and 31st March 2024 NET BOOK VALUE At 31 st March 2024 198,675 509,904 221,866 At 318t March 2023 198,675 509,904 221.886 Page 8 conlinued...
Garstang Town Trust Nots$ to the Financial Ststements - continued for the Year Ended 31st March 2024 TANGIBLE FIXED ASSEfs. ¢ontlnuod The Old Grammar Sthool Office eqylpment Totals COST At 1st April 2023 and 31st March 2024 350,174 1.280.808 DEPRECIATION At 1st April 2023 and 31st March 2024 189 NET BOOK VALUE At 3181 March 2024 350,174 1.280,619 At 31$t Klar¢h 2023 350,174 1.280,619 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Olher tlebiorg 7,000 CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2024 2023 Taxalion and so¢ial tsecuiity 1,229 1.691 MOVEMENT IN FUNDS Nel movem8nt In ftjnds At 114123 3113124 Unrn•trict•d lund* General fijnd 1,325,344 {4.13S) 1.321209 TOTAL FVNOS 1,325.344 {4,135) 1,321,209 Nèt mov8mont In funds. included in the above 8r8 88 follows.. Incoming resources ResoLrces ow¢ndgd Movement In funds Unre•tricted fund• G8nero1 fvnd 61.473 (65.608) 14.1351 TOTAL FUNDS 61.473 (65.608) 14.1351 Pagg 9 eonllnuèrt...
Garstang Town Trust Notes to the Financlal Statements - continued for the Year Ended 31st March 2024 IOVEME14T IN FUNDS- ntInUed Comparatlvo$ for rnov•m•nt In fund$ rr#)vement In funds At 114122 31r3r23 Unr•stri¢ted funds General fund 1,321,822 3.522 1,325.344 TOTAL FUNDS 1,321.822 3.522 1,325.344 Comparative net movement In funds. I1lud kn the abovo are &8 folltsws: IncomirvJ resources ResourceB eynded Movement in funds Unrestrfet•d funds Gengral fund 53,825 150.303) 3.522 TOTAL FUNDS 53,825 {50,3031 A current year 12 months and prfor year 12 month$ combined po$itton 1$ a8 foNows: Net movement tn At 114122 3113124 Unrnstrfcted fund$ General fund 1.321.822 (613) 1,321209 TOTAL FUNDS 1.321.822 {6131 1,321.209 A currsnl year 12 monthB and prfor year 12 monlhs comblned net movement in fund$, induded in the above ar8 88 follows.. Incomlng resources ResoLtrces expended Movement in fijnds UnrB¥trlct•d fund$ G8n6ral fund 115.298 {115.911} 1613} TOTAL FUNOS 115.298 1115.9111 (6131 Pag8 10 ¢onlinu8d...
Garstang Town Trust Notss to the Financial Statements - contlnued for thè Year Ended 31st March 2024 10. RELATED PARTh DISCLOSURES There %%ere no related paty tr8nsactlons for the anded 31st Marth 2024. 11. PROPERTIES The following prowiies are 0ed and maintaird by Garstang Town Twst.. Garstsng Town Hall. Market Place, Gar8taThJ. This building was buAt in 1755. Market Hous&. Market Place. Gar8tsNJ. This building w8$ tr#Jili in 1843. Mgrket Cms8. M8rf(el Place. Gar8tang. Thg Old Grammar School. Hlgh Stre8t. GarstAng. This was founded In 1602. Bom and Land * Ihg roar of46 HKJh Stre8L Gar8tsng {Butcher8 Courtl. The buildlngs were revalued In the accounts to 31 March 2017 8 figur8 bas8d ukx)n the buiklings In8UF8nce at thè time. Pag¥11
Garstang Town Trust Dètailed Statem•nt of Financial Actlvities for the Year Ended 31st March 2024 2024 2023 INCOME AND ENDOWMENTS Oth?r tradlng •¢tSvlti06 Market Tolls and Shop Rents Garstang Arts Centre Brtbsh Legion Storage Space 48.608 2.720 6.368 3,338 42.3 2,916 61,034 53,714 Investm•nt incom• Deposit account inlgr88t 439 111 Total Incomlng r•sources 61,473 53,825 EXPENDrruRE Raislng donations and 1•gac* Rates and water In8urance LwJht and heat Propety repairs Cleaning expgns88 SLtndrfes 179 4,233 7,227 14,658 1,504 25 4.222 14.570 22,162 1,691 25 42,756 27.826 Oth•r Xmas Llghts Donatbn$ 500 8(X) 1,000 1,800 Support cost• Management Wa9es Telephone AdVerSIng Professlonal tses 20,476 335 423 18,209 288 21,234 19,845 Flnan PAYE Interest Oth•r Expen 158 746 Go¥•rnanco c06ts Ac¢ountancy Total resourc88 eypendod 65,608 50,303 N•t l•xpendltureVSncun• 14.135} 3,522 Thls pag¢ doe8 not forn part of th8 statutory )Inartlal statements Pagg 12