HORNBIES fioUNDATION CHARITY II'UMBER 503802 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGE Independent Examiners Report Stat¢rn¢nt of Financial Activities Balance Sheet 9 Notes to the Accounts APPENDIX Chlty Infonnation I'ru8t¢es R¢port
HORNBIES FOUNDATION Page 2 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES Ofi HOILNBIES FOUNDATIOIY FOR THL YLAR ENDED 31 DECEMBER 2024 I repoit on the accounts of the Trust for tb¢ year ended 31 December 2024 which are set oiit on pag¢s 3 to 9. RESPBCTIVB RESPONSIBILITIES OF TRUSTEES AND EXAMINER As the Cliarity's Tnstees you are responsible for the preparatioji of the accounts, you consider that the audit requirement of s¢ction 144(2) of the Charities Act 2011 (the Act) does not apply and Lhat an independent examination is needed. It is my responsibility to examine the accounts under Section 145 of the Act and'to state, on the basis of proceduies specified in the GerLeral Directions given by the Charity Commissioners under Section 145(5)(b) of the ACL whether particular mclttei's have come to rny attentt'on. BASIS OF TNDEPENDENT EXAMNERS REPORT My examination was carried out in accordance with the General Directions Ven by the Charity Commissioner8. An examination includes a review of the accounting records Icept by the charity and & coinparisthi of the accounts presented with those records. It also includes consideration of any unusual items or disclosur¢s in the accounts and seelcing explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that Wollld be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. INDEPENDENT EXAMINER'S STATEMENr In conneGiion with my examinaLiofts, no mE1Ll¢r ha8 come to my attention: (l ) which gives me reasoijable cause to believe that in aiiy rn<ltcrial respect the requirements to Iceep accounting records in accordance with the Act, and to prep&re accounts which accord with the aCCDunting records and Lo COTr]ply with the accounting requirements of the Act have not been met. or (2) to which in rny opinioii attention should be drawn in order to enable & proper und nding o the accounts to be reached. . HARRISON F,C,A Rawcli ffe and Co, Ltd, Unit l Baroiis Court, Graceways, Blackpool, FY4 5GP Date: l9 March 2026
IIORNBIES FOUINDATIOLN Page 3 STATEMENT OF FINANCItlL ACTIVITIES FOR THLI YEAR ENDING 31 DECEIWIBER 2024 Note 2024 2023 2022 INCOMING RESOURCES Investment income Other Income Realised gains TOTAL INCOME 89,082 1,000 99,352 189,434 65,689 3,650 67,727 69,339 67,727 RESOURCES EXPENDED Direct ¢haritable Charitable gifts and recoupment Other Ex enditure Management and adrninistration Work on farm properties TOTAL EXPENDITURE Net iiicornel(deficieiicy) for the year 86,996 65,000 120,000 19,629 2,585 109,210 80,224 18,399 5,099 88,498 19,159) 16,778 19,145 155,923 88,196) STATEMENT OF OTHER RECOGNISED GAINS Unrealis¢d inv¢stment gains/(losses} Fair value adjiL8tment on property TOTAL OTHER GAINS 47,048 175,000 222,048 106,967 (142,959) 106,967 142,959 NET MOVEMENT IIY FUNDS FOR THE YEAR 302,272 87,808 (231,155) The note8 on pages 5 to 9 forni part of these accounts.
IIOILNBIES foLNDATiofi P&igL 4 BALANCE SHLE'I. AS AT 31 DECEI¥IBER 2024 Note 2024 2023 2022 FIXED ASSETS Investments 5,080,990 4,809,252 4,693,768 CURtIENT ASSETS Debtors Caskl at Bank and in hand 19,455 13,237 32,692 8,327 8,327 32,702 32,702 Less: CURRENT LLABILITIES 320 6,489 3,188 NET CUEUiENT ASSETS £32,372 £1,838 £29,514 TOTAL ASSETS LESS CURRLNT LIABILITIES £5,113,362 £4,811,090 £4,723,282 CAPITAL Permanent Endowed Fund Unrestricled funds: Capital Income Revaluation reserve 1,105 1,105 1,105 2,779,524 2,732,476 2,625,509 310,726 230,i02 249,661 2,022,007 1.847,007 1,847,007 £5,113J62 £4,811,090 £4,723,282 Appro d by ihe Tnjstces on 19 March 2026 and signed on their behalf TRUSTEE The notes on pages 5 to 9 form part of these accounts.
HORNBILS fouNDATION Page 5 OTES TO THE ACCOUNTS FOR THE YEAR E DED 31 DECEMBER 2024 I, ACCOUNTING POLICJES 1,] BASIS OF PREPARATTON OF AccouKrs The accounts are preped under the historical cost convention and include the results of the charity's operations which are described in the Trustees Report and all of whicli are contiiiuing. The accounts have been prepared in accordance with the Statemait of Recommended Practice for charity accounts. The charity h&s taken advantage of the exemption in Financial Reporting Standard No l from the requirement to produce a Gash flow statement on the grounds that it qualifies a8 a small charity. 1.2 TANGTBLE FtXED ASSETS FOR USE BY THE CHARTTY - Tangible.fixed a8sets for use by the charity IK re stated at cost less depreciation. 1,3 INVESTMENTS Investments are stated at market value with the exception of investsnent properties which are to be revalued with sufficient Tegularity in line with FRS 102 Tegulations. Realised and unrealised gains and losses on investments are dealt with in the statement of Financial Activities. Investment incoine plus associated tax recoverable is credited to income on an accruals basis, using dates of payment for dividends and daily accrual for interest. Land 2Lnd building8 are shown at a valuation undertalcen in December 2018 plus capital expenditure since that date. 1.4 INCOME Voluntary income and donic lions aTe accounted for as received by Ihe charity. No pemianent endowments have been received in th¢ period, 1,5 VALUE ADDED TAX Value Added Tax is partially recoverable by the charity, otherwise it 1$ included in the relevant Costs it) the Statement of Financial Activities, 1.6 MANAGEMENT AND ADMtNISTRATION Expenditure on management and adrninistration of the charity includes all expenditure not directly related to the charitable activity.
HORNBIES fouNDATION Page 6 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 INVESTNIBNT & OTHER INCOME 2024 56,632 32,450 1,000 2023 55,760 9,929 2022 55,510 12,217 Rental income Income received including way leaves Wind farni proj¢ctS survey licellce Completion monies frorn Vincents Realiscd gains 3,650 99,352 £189,434 £69,339 £67,727 MANAGEMENT AND ADMINISTRATIVE EXPENDITURE 2024 8,353 3,595 2,OOQ 5,169 290 222 £19,629 2023 7,340 3,310 3,000 4,376 255 118 £18J99 2022 6,076 3,115 3,000 4,247 340 Insurance Accountancy rharges Clerks salary Propcrty management charges Trustees ¢xp¢n8eS HMRC interest £16,778 INVESTMENTS Fair Value 2023 4.1 INVESTMENT LAND AND BUILDINGS 2024 2022 Thc following investment properties ale owned by the Trust- 1,1, Low¢r Flouse & Marsh View Farms, PR4 ITS 1.2. South Greenbills Farm, PR4 3HR 1.3. Newton Hall Farll4 PR4 3RT 1.4. 14.96 acTeS Land adj Bluecoat School, PR4 3RT 1,5, 16.59 acres at Ncw H¢y Lane, PR4 3SA 1,6. 80.50 acres at W¢8ham House Fan PR4 3FtD 1,7. Paddock Land at Bush L1¢, PR4 1 SA 900,000 850,000 850,000 775,000 775,000 775,000 750,000 700,000 700,000 45,000 45,000 45,000 50,000 50,000 50,000 800,000 725,000 725,000 20,000 20,000 20,000 £3,340,000 £3,165,000 £3,165,000 The land and Properties (ve shown at a valuation carried out by SHP Valuers Limited on 20th September 2024. The nurnbering corresponds to their numbering in the valuation report.
HORNBIEI S FOUNDATION Pag¢ 7 OTES TO THE ACCOUNTS FOR THE YLAR ENDED 31 DLI CEMBER 2024 4.2 INVESTMENTS- SHAKES AND UNIT TRUSTS 13,794.72 COIF Income Shares 670.87 1,626.40 752.29 2024 279,940 174,840 423,866 35,899 2023 273,756 166,376 479,610 28,966 2022 250,365 147,852 426,210 26,477 COIF Accumulation Sh&T¢8 COIF Accumulation Shares ASI American Equity fund A Aoc Artemis UK Select Fund Class 'C' Accumulation Units 5,381.99 52,636 42,195 35,575 8,706.78 10,866.44 OMR Inve5co Global Bond Fidelity Sustainable Euiopean Equity W Acc Fidclity Global Sp¢cial Situations Fund A Fidelity Mon¢yBuild¢r Dividend Fidelity Money Biiilder Dividend Fia W Income 18,545 63,254 24,297 25,512 64,873 21,464 25,512 57,316 19,016 25,189 10,408.79 52.58 68 67 66 2,350.49 359.53 Fidclity Asia W Accurnulation Fid¢lity Special Situation Fund A AXA Framlington American Growth Fund R Acwmulation 38,901 19,433 35,022 16,819 36,339 15,949 36,316 3,368,79 AXA Framlington American Growih Flind D AccuttlatiOll 57,202 45,344 3,492.94 Jupiter UK Multi Cap Incorne W (GBP) Inc HSBC UK Growth & Incorne Fund (Income c) 36,459 28,724 11,401.52 8,535 S,L43 7,877 1,278.51 JPM Jap7 Fund B Accumulatioll JPM UK Equity Growth Fund B Accurnulation 8,643 7,364 6,738 8,001.48 16,163 14,323 12,882 23,750.00 M&G Gilt & Fixed Interest Income Fund M&G CharifiLnd - Equities Invesiment Fund for Cbarities AcLumulation 16,599 18,014 18,062 157.97 51,655 47,386 45,726 973.00 2C?,225,49 22,382.90 M&G Charifimd - Incorlle Share8 Schroder UK Equity Fund Z InGorne SchToder UK Alpha Plus Z Income SUTL Cazenove Charity Equity Value Fund A InLotne 14,326 22,289 16,698 13,962 20,668 17,042 14,298 19,538 15,999 8,125,19 40,707 37,863 34,451 Threadneedle ATn¢ri¢an Select Fund Retail N¢t Accumulation 4,161,34 27,215 22,513 19,350 Funds disposal - further infoiinution p¢nding 28,313) 28,313) (28,313 £1,445,369 £1,378,969 £1,272,002 Morket Market Market value value value 878,646 919,742 824,427 566,723 459,227 447,575 £1,445,369 £1,378,969 £1,272,002 COTF Shares Other investments
HORNBIES FOUNDATION Pag¢ 8 NOTLI S TO THE AccoufsTS FOR THE YEAR ENDED 31 DECEMBLR 2024 4.3 INVESTMENTS- OTHER COIF - Charity Deposit Account 2024 2023 2022 295,621 265,283 256,766 £295,621 £265,283 £256,766 4.4 SUMMARY Investment land & buildings Inv¢stments - shar¢s and unit trusts Investments - other 2024 2023 2022 3,340,000 3,165,000 3,165,000 1,445,369 1,378,969 1272,002 295,621 265,283 256,766 £5,080,990 £4,809,252 £4,693,768 DEBTORS Due within one year,. Rent debtor 2024 2023 2022 19,455 £19,455 £0 £0 CILEDITORS VAT liability AC¢nlS 2024 320 2023 3,489 3,000 £6,489 2022 3,188 £320 £3,188 FUNDS OF THE CEIAKITY 7.1 PERNL4NENT ENDO MENT FUND 2024 2023 2022 tb Legacy froin John Hornby on 13 June 1730 £1,105 £1,105 £1,105 7.2 UNRESTRICTED FUNDS - CAPITAL Fiinds brought forward Unrealised gainslOossc8) Fi]n(ts carxied fornvard 2024 2023 2022 2,732,476 2,625,509 2,768,468 47,048 106,967 (142,959) £2,779,524 £2,732,476 £2,62S,509 7.3 UNRESTRICTED FUNDS - INCOME Funds biought fonv&rd Net incoJnel(deficiency) for th¢ year Fimds carried forward 2024 2023 2022 230,502 249,661 337,857 80,224 (19,159) (88,196) £310,726 £230,502 £249,661 7.4 UNRESTRICTED FUNDS - RE Revaluatioll r¢s¢rve broiight forward Fair value adJitcllt FidS carried forward ALUATTON 2024 2023 2022 1,847,007 1,847,007 1,847,007 175,000 £2,022,007 £1,847,007 £1,847,007
HORNBIES FOUNDATION Page 9 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBLR 2024 CHIlRtTABLE GIFTS & RECOUPMENTS Newton Bluecoat St Michael Parish Chiwch 2024 81,996 5,000 £86,996 2023 65,QOO 2022 120,000 £65,000 £120,000
HORI¥BIES FOUNDAIION Appeiidix I CHARITY INFORIIIATION TRUSTEES Mrs. E.R. HardnH] Mr. C. Bannist¢r 11 Hornby Drive Newton with Scal¢s 26 Southlands Kirkha Preston Preston PR4 3TR PR4 2TR Mr. T,J. Parkinsoll Mrs. J.C. Benson Church Farm Coronation Villa Blacluool Road Newton with Sc&les Moor Hall Lane Newton with Scales Preston Pr¢ston PR4 3RJ PR4 3RY Mr. R. Tomlinson Mr. J. Kitcheii Marsh Farni Clifton 16 Hill Crescent Newton Preston 14ESton PR4 OXE PR4 3TR Mr. G. Fogdeii The Gables Mr. M. Goi'nall Aulumn Fold New Hey Lane Newton with Scales Thames Slreel Newton Preslon Preston PR4 3SB PR4 3RH Mr. M. Tomlinson Mr. J.C. Mathews Salwick EIall Fami 15 Beaumont Gardens Salwick Poulton-le-Fylde Laiicashire Preston PR4 OYJ FY6 7NX Cllr. P. Rigby Wrea Broolc Farm Fr. S. Baldwin Lund Vicarage Chm'ch Lane Wrea Brook Lalle Bryning Preston Clifton Preston PR4 3PP PR4 OZE
HORJBIKS FOUNDATION Appendix I CHARITY INFORNIATION CHARTTY NUMBER 503802 cHARy OFFICES C/0 Vincent Solicitors, 25 Park Street, FY8 SLU INDEPENDENT EMMINER T,C. Trlai'rison F.C,A. Rawcliffe and Co. Ltd, Unit l Barons CoiirL Grac¢ways, Bla¢l(pool, FY4 5GP BANKERS Halifax Plc, Trinity Road, Halifax, West YOrhlre, HXI 2RG
HORNBIES FOUIIDATION Appendix 2 CHARITABLE TRUST TRUSTEES, REPORT FOR YEAR ENDED 31 DECEMBER 2024 The Trustees present their report and accounts for the year ¢nded 31 December 2024. TRUSTEES The Trustees named on appendix I have served during the year. Appointtnent is governed by the Trust Deed of The Charity. The Trustees are authorised to appoint new Trustees to fill vacancies arising throilgh resignation or death of an existing Trnstee, INVESTMENT POWERS The Trust Deed authorises the Trustees to malce and hold investrnents which it does at present and which are detailed in the accounts. ThesG investmcnts hav¢ been acquired lll accordance with the powers available to the Trustees. CONSTITUTION OBJECTS AND POLICIES The Charitable TnLSt is constituted by Trust Deed which entitles the Tnist fLmd and income produced to be used for the charitable piw)oses as set out in the trust deed, Since the inception of the Trust-the main area of funding ha8 been in assisting the development and needs of the School. The policy of the Charitable Trust As to review on a regular basis requests for financial a8SiStance wbich meet the objectives and criteria of the Trust. Fimds for distribution being rnade from the income pioduced from the Charitable Trusts investments. Thc assets of th¢ Charitable Trust are held in order to produce ftmds for distribution. DEVELOPMENT AcrtVITtES AND ACHIEVEMENTS The Truste¢s consider that the pcrforniÉmCe of the charity this year has been most satisfactory. The Trustees are also pleased that the Trust has been able to provide ongoing support for thc school. F[NANCL REVIEW Thc Charitable Trust does not ask for donations fxom individu&ls or orgalltsations, however, they would be gratefully received. FUTURE DEVELOPMEwrs The Trustees are constantly rev.iewing the performance of th¢ C]iarity's investments and in the Liglit of this, it inay be necessary from time to time to dispose of such investments and re-invest as the Trustees or its advisors see fit to do so. STATEMENT OF TRUSTEES, RESPONSIBILITIES Th¢ Trustees are required under the Charities Act 2011 to prepare financial statements for each financial year which give a true and lair view of the charity's fall¢la1 activities during the year and of its financial position at the end of the year (unless the cliarity is entitled to prepare accounts on tlie altcmalive reccipts and payments basis). In preparing fmancial statemellts
HORNBIES FOUNI DATION Appir)dix 2 CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEIBER 2024 giving a true and fair view the Trustees should follow best practice and.. a. select suitable accounting policies and apply them consistently" make judgements and estimates thal are reasonable and prudent; c. state whether applicable accounting standards and slatements of recommended practice have been followed, subjcct to any departures disclosed and explained in the financial statemenls; d. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charily and which enable them to ensure ihal the financial slatements comply with applicable laws and regulations. They are also responsible for safcguarding the assets of the charity and hencc for taking reasonable steps for the prevention and detection of fraud and other irrcgularities, APPROVAL hi ort was approved by the Trustees on 19 March 2026 and signed on their behalf. TRUSTEE