REGISTERED CHARfpi NUMBER.. 22S449 R¢p¢xt of th• Trystws and Unau¢lt•d Flncl•l StateThnts for th• Yoar Endod 3181 Mar¢h 2025 Gar8Ling Ttyn TTu•t TO¥Ts + G(Mn811 Ltd Chartered Certified Accotants RNgr V 96 HvJh Street Ggr5tsThJ Proston Lanca5hire PR3 1WZ
Garstang Town Trust Contents of the Flnanclal Statements for the Year Ended 31st March 2025 Report of th• Tru•ts•• 1 to 2 Ind•p•nd•nt Ex•mlnerf• Report Stat•m•nt ol Fln•ncl•l Actlvltl Balanc• Sh••t Not•• to th• Flnanclal Stat•m•nt• 6 to 10 D•tall•d St•tsm•nt of Flnandal Acllvltl
Garstang Town Trust Report of the Trustees for the Year Ended 31st March 2025 The trustees present their rewi vhth the finanL¥al ststements of the dlIty for the ypar ended 31st March 2025. The trustees have adopted the promsions of AccoLtnting and ReportiTrJ by CharfU88.' Statement of Recommended Practic6 applicable to Charities preparfng thwr accounts in accordance the FinarKial Reporting Standard applicable in the UK Republic of Ireland IFRS 1) {effectr48 1 January 2019). OBJECTIVES AND ACTivmES Oblrttlves and alms Establishing and maintaining vartous bulk1irnJs for the use of the inhabitarrts of Garst8ng and for gny other charitable purpose for the general benefit of tha inhabltanls of Garsl8ng Ihat the trustges thlnk fft. ACHIEVEMENTS AND PERFORMANCE Charltabl• a¢tivities The Trust has continued lo Support the Chrislma8 Lhts wth fund8 of £5 provid8d. Fundrnl•lng actlvltl• Tho Art8 Centre, Th6 GarstaivJ Club and both the North 8r¥J South shops and m8rk8ts are all fvlly open. FINANCIAL REVIEW In the opinion of th9 Trustees, the charlty hos performed to a salisf8Ctory 18vel. There was a deficAt m8de of £3,360 compared lo a daflcm of £4,135 In 2024. The was crgaled in large part du8 to necessary extraordinary costs relatlng to roof rgpair8 8nd fixing damp i88Ug8 81 Art8 Cgntrg. totsllirwJ É10.878. STRUCTURE. GOVERNANCE AND MANAGEMEprr GovernSng dtxum•nt The charity is controlled by Ils governing dc¢umw)l. a d88d of trust and con8tibJtg8 an unlrworatod ¢hadty. GaT3tarwJ TO Trust aT6 respOnbIg NnnirvJ the market upk08p of 8evernl 118tthJ bulldlngs In Garstsro aftor vdhich surplus money m8y be given In grants lo local groups lo help them their projects. A free charity stall 18 provided (April to October) outslde the Marf(et Hou89 the uso of I1 ¢yganlzationslgroups shIThg lo Twse funds. Th18 can be booked the Mwk81 Superfntendent REFERENCE AND ADMINISTrATIVE DETAILS Reglst•r•d Chrlty numb•r 225449 Prfnclpal •ddr•s• Town Hall Market Place Garstang Preston Lancashlro PR3 1Z4 Trusts¢• Mr G Hart8r Mr T Iblson MT M G Hatford Chairman Mrs JA Nickson Lady DM Atkins Mr D R Lewis Mr IR Sewart Mrs E J Webster Mr A R Allen Mrs EA Collinson Mrs S D Perkins Pag8 1
Garstang T¢)wn Trust Report of the Trustees for the Year Ended 31st March 2025 REFERENCE AND ADMINISTRATIVE DEfAILS Indep¢ndtnt Examiner Mr MR Gomall Towers + Gomall Ltd Chartered Cerbfied Accoun&t5 Rlv8r View 96 High Street Gar8tsng Preston Lancashire PR3 1WZ Awroved by order of the board of Irust8e8 3(th January 2026 and s*Jn•J on behalfby.. /7l10/£/ Mr M G HaWord- Trustse Page 2
Independent Examlnefs Report to the Trustees of Garstang Town Trust Independ•nt •xamSnees r•port to th• trust•es of Gar8tang Tvn Trust I report lo th& charfty trustees on my examination of Ihe accounts of Gar8tsry Tovm Tnjst {the Trust) for th8 ye8r ended 31st March 2025. Rosp¢nslbllltl•s and balis of rnport As the charity tnjstèes of the Tnjsl you are responsib Ihe pT9parion of the alUnts in accordance with the requirements of the Charilies Act 2011 {Ihe Ac¢'l. I report in respect of my examinatKJn of the TnBYs accounts caThied (Mjt under Sectson 145 of the Acl and In carryiro out my 6xaminab.on I have foll0kn all applicable Diwlions given by th& Charity Commlssion under Sfjction 145(5Xbl of the Indep•nd?nt •xamln•rf• •tat•m•nt I have completed my examination. I confi that no malwial matters ha com8 to my attenllon In conngclion with the examination giving me cause to belleve that In any material re8pecL' a¢countiru record8 were not kepl In rew of Tnmt as Tgqutred by Sectk)n 130 ofth& Act., or thè accounts do not accord wlh those rwrds,. or the accounts do not coinpjy Trmth the applicable r8quitsment8 cwming the fom arKI conlenl of accounts set out in the Chariti98 (Accounts and Rerknrts) Regulations 2008 other than any fequlrement Ihal the accounts give a true and tsir eW [Ch k not 4 matter &Jnsidor8d as part of an indeperKlanl examination. I h8ve no concern8 and have come across no cther matters In ¢onnethion the examination lo wfiich attèntion $hould bg dravm In thi8 report In order to 8nabl8 8 underthdirYJ ofthe acctyjnls to b& rgached. Mr MR Gomall Tr5 + Gomall Ltd Chartered Certified A¢coltants Rtver View HMJh Street Prgston Lawshlre PR3 1WZ Page 3
Garstang Town Trust Statement of Flnanclal Actlvltles for the Year Ended 31st March 2025 2025 Unrethcted fund 2024 Total hjnds INCOME AND ENI>OWMENTS FROM other trading a¢tivities Invgsth)ent income 63,134 831 61,034 439 61,473 EXPENDrruRE ON Raislng funds 37,828 42.756 0th8r 29,497 22.852 T¢)tal 67.325 NET INCOMEIIEXPENOITURE) (3,3eo) 14,135) RECONCILIATION OF FUNDS Total funds brought f0Thrd 1,321,209 1.325,344 TOTAL FUNDS CARRIED FORWARD 1,317,849 1,321,209 Pajg 4
Garstang Town Trust Balance Sheet 31st March 2025 2025 Unrestricted fund 2024 Total fvnds Notes FIXED ASSETS Ta1b1& assbts 1.280.619 1,280,619 CURRENT ASSETS Debto Cash al bank 3.429 7.000 34.819 38275 41,819 CREDtroRS Amount$ falling due within one year 11.0451 (1.229) NET CURRENT ASSETS 37.230 40.590 TOTAL ASSETS LESS CURREKf UABILMES 1.317.849 1.321,209 NET ASSETS 1,317,849 1,321,209 FUNDS Unr8$tn"cte(I funds 1,317.849 1,321,209 TOTAL FUNDS 1,317,849 1,321,209 The financlal statements approved by tho Board of Tru8ts0$ aNJ auth0ri88d for188ue on 301h January 2026 and wère signed on 11$ bohalf by. Mr M G HaMord- Trustée notes kKm ofthese finarrial statem9nts PaJe 5
Garstang Town Trust Notes to the Flnancial Statements for the Year Ended 31st March 2025 AccouimNG POLICIES 84818 of prgparing the financlal stat•m•nts The financial alernents of the chanty. whith is a publlc benefft enbty under FRS 102. have b88n prepargd in accordance the Charities SORP IFRS 1021 'Accounting and Rgporting by Charitlos.. Stalem8nl of Recommended Practic applicable to charibes preparing Iheir accounts in ac¢ordance with the Financial Reporting Standard appluble in the UK and Reput4tc of Ireland IFRS 102}18ffectwe l January 20191., Financial Reporting Stsndard 102 The Financial RerK¥ts'ThJ Stsndard applicable in the UK and Republic of Ireland, and the Chariti'ès Act 2011. The finan(ial statemgnts have tthn wopared under the historical cost convention. In¢om• All income Is recogni8o(1 in the Ststement of Finanual Acbvrti88 on¢e the chaiity has ontrtl8m8nt to the fvnd8, 11 is probable that th8 incomo ill b8 and the amwnt cari bo rnea8urY r8llabty. Exp•ndltur• Liabilities are recogn180d a$ expendiiwg 88 800n a$ therg Is 8 l&Jal or ¢on8tnJcUve obllgati¢Jn Committing tha charty lo that expenditure, it Is probable that a transfer of eIK$M1¢ benefits will be required in sewemonl and the amount of the oblvJation can be measured rejrably. E¥ndilure is aLrA)unled for on an accrualB basls and has been dassified under h8adirKJs that aggregate all cKJsl related to the category. Where costs cannot be dlrgdy a)b(blo0 to pa1Cular h81ityJs they haNp ten allculed to on a b8818 conslstsnt vAth the u88 Tanglble Ilx•d Depreciatlon Is Provlded al the follthiTrJ annual r8te8 to I10 off each 888el over its ostlmaled u88ful Ilfe. Taxallon The charfty18 exempt from tsx on It8 chwIts8 xtfvllle& Fund ¥¢countlng Unrestrl¢led lund8 can be u¥ed in accordance wlth thè tharltablè oblectlves at di$etiOn of th8 Irustg98. Rethcl8d fijnds can onty be usfjd for pacular restn'ctsd purposes within the objgcts of tho charfty. Reslrlctlons arfse when swcKled by the donor orNthen funds arg raised for particul8r restricted purposes. Further 8xplanallon of thè rthre pf ogch lund18 In the no¢e8 to tha financlal 8tatemonl8. OTHER TRADING ACTMnES 2025 2024 Market Tolls and Shop Rents Garstang Arts Centre 8rth.sh Legion Storag8 Space 50.215 3.011 48,608 2,720 3,338 63.134 61,034 INVESTMENT INCOME )25 2024 Dwslt nI intergst 831 439 Page 6 continued...
Garstang Town Trust Notes to the Financlal Statements - Continued for the Year Ended 31st March 2025 TRUSTEES. REMUNERATION AND BENEFITS There wefe no trustees. remuneralion or other benefits for the )E8r eNled 31st Marth 2025 Mr for the year ended 31st March 2024. Tru¥t••s' •xp•nges The were no tNstees' expen808 pakl for the year ended 31st March 2025 nor for tho year ended 31s1 March 2024. COMPARATIVES FOR THE STATEP4EKf OF FINANCIAL ACTMTIES Unr88tricted fvnd INCOME AND ENDOWMENTS FROM Other trading Inv881ment Income 61.034 439 Totsl 61,473 EXPENDITURE ON Ralsing fund$ 42,756 Other 22.852 Tot•1 NET INCOMEIIEXPENDMJRE) 14,1351 RECOhlCILIATION OF FUNDS Total funds broloht forward 1,325,344 TOTAL FUNDS CARRIED FORWARD 1,321,209 TANGIBLE FIXED ASSEts The Market House Butchers Court The Town Hall COST At 1st Ap1 2024 and 3181 March 2025 198.675 221,866 DEPRECIATION At 1st April 2024 and 31st March 25 NET 800K VALUE Al 3131 Marth 2025 198.675 221.866 At 31st March 2024 198,675 9.W4 221.866 Pag8 7 conllnl...
Garstang Town Trust Notes to the Financial Statements - continued for the Year Ended 31st March 2025 TANGIBLE FIXED ASSETS- cofttinu•d The Cmd Grammar School equipment Totsls COST At 1st April 2024 aThJ 31st March 2025 .174 1.280.808 DEPRECIATION At 1st Aprll 2024 arKI 31st March 2025 189 189 NET BOOK VALUE At 31st March 2025 350,174 1.280.619 At 318t March 2024 350.174 1,280,619 DEBTORS.. AMOUNTS FALLING DUE WIThIN ONE YEAR 2025 2024 Olher d8btOf8 3.429 7.000 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Taxallon and wurity 1,045 1,229 MOVEMENT111 FUNDS Nel movement In lunds At 3113125 At 114r24 Unr•8trl¢t•d fund• GOra1 hjnd 1.321.209 13.3601 1,317.849 TOTAL FUNDS 1,321.209 13.3601 1,317.849 Nel movement In funds. Induded In the atx)ve arg as foll¢y•Yb: IncomiTrJ Resources re$wr exnded Movement In funds Unr••trtct•d funds General lund 63, {67.3251 13,3601 TOTAL FUNDS 63.V)5 {67,3251 13,3601 P*Je 8 continued...
Garstang Town Trust Notes to the Flnanclal Statements - continued for the Year Ended 31st March 2025 MOVEMENT IN FUNDS- continu•d Comparatlves for movom•nt In funds Net wernnl in fvnds At 3113r24 At 114r23 Unr•$trlct•d fund• General fvnd 1.325.344 4,135} 1,321.209 TOTAL FUNDS 1.325.344 14.1351 1,321.209 Cofflp8rthe net *)¥•MnI In fLThJ8. Indud8d In the above are 88 foll¢)1.. Incomlng Tesourcgs Resources expended Movement in funds Unr•stIlct fund• Gener81 fvnd 61,473 (85,6081 14.1351 TOTAL FUNDS 61.473 165.6081 14,135} A tren1 yoar 12 month8 8n(I year 12 comblned wth'on18 a8 follow8.' Nat movement In fvnds At 114r23 3113r25 Unrutrf¢t•d fundB General fvnd 1.325.344 {7.4951 1,317,849 TOTAL FUMDS 1,325,344 17,495) 1.317,849 A current year 12 months and Frfhy year 12 ¢(bird n8t m0Ment In funds. included in thg above are as follow5: IncomiFWJ sowce8 expeThYod Movemont In fund8 Vnrnstrfct•d fund• Ggn8ral fvnd 125,438 1132.9331 17,495} TOTAL FUNDS 125,438 {132,933} {7,4951 PaF9 continued...
Garstang Town Trust Notes to the Financlal Statements - continued for the Year Ended 31st March 2025 10. RELATED PARfi DISCLOSURES There were no related paty transac1KS frthe year ended 31st March 2025. PROPERTIES 11. The follov•7ry properties are ¢md and maintaned by G8rstsrKJ Town TrusL" GarstsrvJ Tovm Hall. Market Place. Garstsng. This bulldiThJ was built in 1755. M8rket Hou8e. Market Place, Garstary. Th18 kIn9 was tlIt in 1843. Market Cr08s. PAarket PlaL, Gars18ryJ. The Old Grammar Sch¢)ol. High Strè&L GaTStang. Tlws was Inded in 1602. 8am arnl Land al the w of 46 HhJh Street. Garntang18ut¢hern Cwt). The buildlngs Te reval in Ihe accwnt8 10 31 March 2017 with a fh3ure based un th8 bulldlngs Insurance al the lime. Pe 10
Garstang Town Trust Detailed Statement of Flnanclal Activlties for the Year Ended 31st March 2025 2025 2024 INCOME AND ENDOWMENTS Other trad5ng actlvltles Market Tolls and Shop Rents Garstsng Arts Centre Brib'sh Legion storage space 50.215 3.011 6.368 3,540 48.608 2,720 6.368 63,134 61,034 Investment Incomo Depo811 account inl8r6st 831 439 Totsl In¢omlng r•soure•s 61.473 EXPENDITURE Ral$lng donatlon• l•gxl Rates and water Insur8nc Ltqhl and heat Property repairs Cleanlng expgnsos Sundrfes 86 4,222 14,570 22,162 1,691 25 4,539 14,915 16,381 1.839 70 37,828 42,756 Oth•r Xmas Lbhts 500 support costs Manag•m•nt Wages Telephone Advertising 20,950 395 1,527 20,476 335 423 22.872 21,234 Oth•r EXpSe8 158 Gov•m•nu costs Accountancy Legal f88s 960 5.117 6,125 960 Tol81 re80urce8 expended 67.325 65.608 N•t •xp•ndltu 13.wl 14.1351 Thi8 Page does f(m part ofthe statulrxy fInala1 statements Page11