Horace Ta lor Trust ort for the Year Endin Annual Re 5thA ril 2024 The statement of accounts show the currant financial position of the Trust. The balanc8 sheet show8 a historical valuation of the propertles, whlch are presentty undervalued. Compared to the previous year, the Trust rental inGome was similar but there was a significant Incr8as8 in bank int8rest which increased the unrestricted fund, d8spIt8 Increased donations during the reportlng year. The six residential apartm8nts at Wesley Court continue to be offered on charitable terms to residents of Driffield and th& surrounding area. The occupation has again been suc￿Ssful with 100 % occupation during the reporting perii)d. Th8 ground floor commercial unit at 46 Middle Street North contlnues to be occupied as a hairdressing salon with ancillary use. The four flats at the same property have been rented successfully throughout the year. At Lairhill Fami, Middleton, the house continues to be let and the process of conv8rting the redundant brick and tiled buildings to residential use continues to progress through the planning process albeit slowly. The same cornments apply to the planning process to convert the traditional farm buildings at Pleasant Wood Farm, Wansford where the house contlnues to be let successfully. The farm land at Wansford continues to b8 considergd for part of an energy sch8me. At Flamborough, High Warrendale Farm and Lowwarrendale Fami there is nothing signrficant to report for the year, although th8 Tenant at Flamborough has given notice to r8tire In October 2024. The Trustees continue to review their investment strategy and decided that cash deposits held at the bank remain the correct policy to undertake during the economlc condltlons and pending the developrnent costs of converting the farm buildings as mentioned above into residential use. The Trustees have continued with their medium risk investment with the portfolio of shareholdlngs managed by stockbrokers. The remaining cash balances have once again been invested with a number of different bankslbuilding societies for strategic security reasons. The Trustees decided to retain thelr propety investsnents and also expressed interest in considering the purchase of suitable property to add to their portfolio if the opportunity should arise. The Trustees donated the minl bus to the Driffield Klngs Mill Special School an organisation with a close affiliation to the Trust. The Trustees have continued to provide financial assistance to local charities, churches, schools and recreational clubs within the administrative area of the Trust. They have also granted educational bursaries to school 18avers awaiting th'eir-first year at-Unlv6rsity. During the year there were no changes to the Trustees. Date: 31st January 2025 HORACE TAYLOR TRUST STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 HORACE TAYLOR TRUST BAL4NCE SHEEr YEAR ENDED 5APRIL 2024 2024 2023 Notes R6strl¢tsd Capltal Fund Flxed assets Freehold land and bulldlng8 Currènt assets Invtsslmènt Fund Bank accounts 1,592.849 1,590,387 146.847 423,568 2.163,063 147.559 426,030 2,163,976 UnrèstrlGtèd Inctsmè Fund Flxed as$gts Minibus Current ass6ts Investment Fund Bank accounts Deblors and prepayments Currènt liabrlltles Creditors and aGGruals 4,108 31,287 1,318,193 67,036 25,285 1,245,588 88,082 {10,730 1.405,786 110 663 1,332,400 Net current assets Total ngt assets 3,568.849 3,496,376 Ropyaserrtgd by: R8stiiGt8d Capital fund I pag8 2) Unraslrictgd inooma fund I pag@ 21 2,163,063 1,405,786 2,163,976 1,332,400 3,568,849 3,496,376 D.P. Atkinson, Chairman Dat6: 28th Novembar 2024 On b8h2lf of the Board of Twslee8 HOFIACE TAYLOR TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 5 APRIL 2024 Rgstrctgd Capitsl Fund Unre$trid8d Income Fut)d TOTAL Balance brought forward al 6 April 2023 2,183,976 1,332,400 3,496,376 Ng18Utplus forthe yaar I page 3 1 73,581 73,581 2,163,976 1,405,981 3,569,957 Investm&nt revaluation 1913} {1951 11,1071 Bal@nce caffted furward &1 S Aprll 2024 2,163 063 1.405,786 3.588 849 Note.. the reslrfcted Gapltgl fund Is not distribuloble. The unreslri¢led Income fund Is dlslrlbulable., s86 note 710 the accounts. HORACE TAYLOR TRUST UNRESTRICTED INCOME FUND INCOME & EXPENDITURE ACGQUNT YEAR ENDED 5 APRIL 2024 2024 2024 2023 2023 Noles Income r