CHARTTY NUMBER 510195 PRIMROSE HALL REPORT AND FINANCIAL STATEMENTS PERIOD ENDED 31ST DECEMBER 2023 CONfENTS l. Officials and other details 2. Report of the Trustees 3. Income and expenditure account 4. Balance sheet 5. Independent examiners report 6. Trustees Annual Report PRIMROSE HALL OFFICIALS AND OTHER DETAILS TRUSTEE THE HORBURY HERrrAGE COMMUNITY BUILDING PRESERVATION AND MANAGEMENT TRUST LTD (COMPANY REG. NO. 4122636 1 CHARITY NO. 1091935) ADDRESS Primrose Hall 4 Green Park Avenue Horbury West Yorkshire WF4 6EG REGISTERED OFFICE 36 Beechwood Grove Horbury Wakefield West Yorkshire WF4 5JQ BANKERS National Westminster Bank PLC 56 Westgate Wakefield WFI IXF PRI￿[ROsE HALL REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31° DECEMBER 2023 The trustees present herewith their Annual Report with the accounts of the charity for the period ended 31° December 2023. I. OBJEc￿vE To refurbish and reopen and manage Primrose Hall for the benefit of the community of Horbury and surrounding district. 2. TRUSTEES The Trustees of Horbury Heritage CBP&M Tn]st Ltd who served during the period were:_ Mr M C Cudworth (Chairnian) Mrs E A Webster (Vice Chair) Mrs C M Cudworth Mrs PJ Dalton (Resigned 3110112023) Mrs J Howarth (Resigned 3110112023) Mr K14ornian Mr C J Randall (Treasurer) Mrs I M Randall Mrs S Walker (Secretary) SIGNED ON BEHALF OF THE BOARD OF TRUSTEES Mrs S Walker- Secretary APPROVED BYTHE TRUSTEES ON... JE PRIMROSE HALL INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31- DECEMBER 2023 2023 2022 Income Hirings Fundraising 34,696 34,570 1,229 995 Grants 5,838, 3,719, Interest 819 Total 45A82, 37,293 Expendlture Wages, tax, Nl 17,543, 15,931 Cleaning and hygiene 2,286. 1,746 Elec and gas 3,687 Water Insurance 1.012. 968 Maintenance and repairs 7.945 4.275 Sec/accounting/sundry/phone 814, Advertising and website 179 Other Note 6.093 2,012 Total 40.021. 30126 Surplusldeficit on year 5.461 . 7.167 Notes l. Includes £2,1X)O grant to Green Park and £4023 to Mid Yorkshire Community Foundation for senior citizens club PIUMROSE HALL BALANCE SHEET AS AT 31- DECEMBER 2023 CURRENT ASSETS Current account cash at Bank: Reserve 44.460 , 88,587, 133,047. (4.329) Less liabilities- accrued grant for senior cltizens club NET ASSETS 128 718. FUNDS C/fwd 31.12.2022 Net profit 123,257, 5,461, 128 718. For the year ending 31" December 2023 the company was entitled to exemption from audit under sectlon 47712} of the Companies Act 2CKI6. The members have not required the company to obtain an audlt In accordance with section 476 of the Companie5 Act 2006. The directors acknowled8e their responsibility for: il ensuring the company keeps accounting records which comply wrth Sectlon 386; and ill preparlng accounts which give a true and fair view of the state of affalrs of the company as at the end of the financial year. and of its profit and loss for the financial year, In accordance with the requirements of section 393. and which otherwise comply with the requirements of the Companies Att relating to accounts, so far as is applicable to the company. ACCOUNTING POLICIES The f￿ancial statements are prepared under historical cost rA>nvention. SIGNED ON BEHALF OF THE BOARD OF TRUSTEES TRUSTEES- MR M C CUDWO .MRSA WEBSTER........................................ APPROVEDBYT14EBOARDON...................................... PRIMROSE HALL INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF HORBURY HERITAGE CBP&M TRUST LTD AND THE PRIMROSE HALL CHARITY REPORT ON THE ACCOUNTS FOR THE YEAR 31" DECEMBER 2023 The charitvs trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. INDEPENDENT EXAMINER: JULIE CRAVEN It is my responsibility to: Examine the accounts under Section 145 of the Charities Act To follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act), and To state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINERS REPORT My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fairf, view and the report is limited to those matters set out in the following statement. INDEPENDENT EXAMINERS STATEMENT In connettion with my statement, no matter has come to my attention l. Which gives me reasonable cause to believe that in any material respect the requirements: To keep accounting records in accordance with Section 130 of the Charities Act. To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met, or 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 3. 1 have not obtained independent verification of all investments with the Trustees for Horbury Heritage CBP&M Trust Ltd and Primrose Hall Charity NAME: JULIE CRAVEN SIGNATURE: Relevant professional qualification or body NONE ADDRESS: 16 CLUNTERGATE, HORBURY, WEST YORKSHIRE, WF4 SAG DATE: THE HORBURY HERITAGE COMMUNITY BUILDING PRESERVATION & MANAGEMENT TRUST LTD Trustees. Annual Report 2023 Company Reg No 4122636. Charlty No 1091935 Ilncorporating Primrose Hall Charity No 510195) April 19th 2009 saw the Trust commence artively managing Prirnrose Hall as a community hall. Horbury Heritage C. B. P. & M. Trust Ltd is the Trustee of Primrose Hall Charity no 510195. The main purpose of refurbishing and reopening the Hall met one of Horbury Heritage C.B.P.& M. Trust Ltd Objects: "To preserve for the benefit of the people of Horbury and of the Nation, the historical architectural and constructional heritage that may exist in and around Horbury" The refurbishment of Primrose Hall fulfilled this Object and represents sustainable regeneration and mana8ement of a community hall to meet the needs of Horbury people and the wider community. Primrose Hall continues to make a valuable contribution towards social inclusion within the town. encouraging good community health and social relationships. The Trust has no direct responsibility for any other projects as at December 31st 2023, but it has continued to be active in trying to protect the heritage of Green Park, Horbury and lobby regarding several historic buildings within the town. We remain committed to improving the condition of and promoting a better future for Green Park. This was left in Trust for the use and benefit of the people of Horbury. Along with Horbury Common Lands Trust, Horbury Heritage Trust {HHT} has undertaken a feasibility Study into how the park can be improved, managed and maintained if Wakefield Metropolitan District Council IWMDC) grant a long lease to HHT under a Community Asset Transfer. The Trustees have also held a public consultation regarding our plans and had them substantially endorsed by the local community and has completed and been successful in applying for and being awarded a Community Asset Transfer. The next stage is for Green Park to be transferred to HHT under a 50-year lease. to manage and improve with a Friends of Green Park Horbury Group. This group has been fomied and is accountable to HHT. Financial support of £80￿pa from Horbury Common Lands Trust and £21X)Opa from Primrose Hall will meet the projected running costs. Negotiations on the lease at the end of December 2023 are at an advanced stage and only one or two final points needs sign off by WMDC before it can complete. The Trustees have continued payments of £2(K)O per annum from the Primrose Hall Charity to support the Green Park project preliminary and annual running costs should it reach fruition. These funds together with grants and funds raised for the project are under HHT control and are shown as a specific reserve item in the balance sheet as well as being separately detsiled in the income and expenditure of HHT. Primrose Hall: In respect of Primrose Hall's financial perforniance, 2023 continues normal trading conditions after all the disruption of Covid lockdowns two years ago. So, income from hirings remains the main source of the hall's income. Grant income is boosted this year by the grant raised to run a Senior Citizen5 Club though over 80% of that grant 15 paid over to Mid Yorkshire Community Foundation to promote and staff the Club. The payment out is shown in the "Other expenditure- line of the accounts. The Trustees particularly thank Horbury Common Lands Trust who continue to provide a much-appreciated annual award of £1.017 in 2023 towards our running costs. Expenditure remained similar to 2022 except for Maintenan￿ and repairs, where expenditure again returned to more regular levels after a low year in 2022. We have again increased salaries in line with inflation to reward our staff appropriately. Our success in managing the income and expenditure prudently over 14 years has allowed us to retain healthy Primrose Hall bank balances totalling just under £129,(￿ at the end of this period. The Trustees are of the opinion that retaining a substantial reserve continues to be a prudent position as further major expenses will be incurred from time to time. In particular they are considering investment in solar panels to reduce electricity bills going forward as our fixed tariffs come to an end. Horbury Heritage CB.P.&M. Trust Ltd: Despite the main focus of our activities being The Primrose Hall Charity, the Horbury Heritage C.B.P.& M Trust Ltd remains an independent legal entity and its, accounts continue to be shown separately. Funds raised towards the Green Park project, but held by HHT are shown separately and funds held for that purpose are shown in a specific reseNe. The Trust has continued to monitor and lobby Wakefield MDC regarding the closing of all conditions relating to refurbishment of the Grade11 listed Carr Lodge Mansion and its associated parkland, alon8 Wlth Horbury Old Hall. We are taking a close interest in the future of the listed fomier decontamination unit behind the old Town Hall. We continue to monitor the planning proposals for the redevelopment of the area surrounding the unit. We deem it prudent to retain a reseple within the Heritage Trusts accounts in case further expense is required in these or other areas of local heritsge importance. The balances a￿ currently sufficient to meet that objective. Discounting Green Park fundraising and costs, the main HHT accounts again shows a small surplus of £130 on the year, The sums held for Green Park are accumulatin8 despite fee payments to prepare for the planning application for the development of the Park and totalled £34,174 at 31st December 2023. Grants included £10,000 Lottery Grant and £400 from the Rotary Club towards new gates once the Park transfers. Fundraising proceeds and donations totalling £3,872 were also received including £544 raised at the Horbury Show. Expenditure has included £3,862 towards fees for reports needed for Planning but we have also invested nearly £2,300 in tools and equipment and training to maintain the park once it is under our control. ACCOUNTING POLICIES: The financial statements are prepared under historical cost convention. COMPANY LIMITED BY GUARANTEE: Every member promises that if the Charity is dissolved whilst he/she remains a member, or within 12 months afterwards, to pay £1 towards the costs of dissolution and the liabilities incurred by the Charity whilst the contributor was a member. This concludes the Trustees Annual Report.