2023-03-31-accounts - Holme Valley Land Charity

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CHARITY COMMISSION FOR ENGLAND AND WALES Trustees. Annual Report for the period From 0110412022 To 3110312023 Charity name: Holme Valley Land Charity Charity registration number: 700350 Objectives and Activities SORP ref8renc8 Summary of the purposes of the charity as set out in rts governing document Par4 1.17 The object of the charity is to promote such charitable purposes for the general benefit of the inhabitants of the parish of Holme Valley a8 the trustee thinks fiL The management of eight parcels of land a¢ros$ the Holme Valley which were exhausted stone quarries originally awarded to Holme Valley Parish Council. which remains tho sole corporate Trustee of the now established Land Charity. One Site in Meal Hill, Holme (Site 19) was sold during the year for £23,000 following a community consultation. No other sites have been sold this year but actlons have been agreed to progress options for some activo sites to ensure each is delivering public benefit for residents of the Holme Valle Yes, the Trustee has had regard to the guidance on publlc benefit in its review of its sites so they are managed for best benefit for the local community. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19 Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefrt Para 1.18 Additional inforniation (optional) You ma choose to include further statements where relevant about: SORP reference The Trustee has not awarded any grants this year as it is retaining all monies until infornied decisions can be made about any future spend or grant schemes. Psra 1.38 Policy on grant making Policy on social investment including program related investment Par3 1.28 NIA

Contribution made by volunteers All Trustse members are volunteers. Par8 f 38 Achievements and Perfonnance SORP referenct The Charity continued with the employment of a part-time Secretary. Thoir role has been to improve administration and enable the effective Implementation of Trustee decisions on th8 sites. The sites under HVLC ownership are as follows: Site 1- Chippings, Schole8 site 2- White Wells Site 3- Cliff Slte 8- Sude Hill Site 12- Wo11 Housès. Cartworth site 16- Hepworth Road, Jackson 8ridge Site 23- Swinden Knowl, Honley Slts 24- Wolfstones, Upperthong (numbers arn the original refernnce numbers from the registration of HVLC In 2009 and these are the only remainlng sites Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Additional Infomiatlon (optional) You ma choose to include further statements where relevant about: This year has focused on progressing active projects on several sites as outlined below. Achievements against objectives set Para 1.41 Thls Is alongside managlng ongoing matters such as addressing any fly- tipping, and exploring options for future Uses of all sltss. Dotall8 of tho key sites this year. Chlppings- slle 1 Work has contlnued by HVLC In partnershlp with a lo¢al Community Land Trust (EcoHolmès) to develop 10 affordable homes whlch meets local neèd and is designed sustainably to addre$$ the climate emergency. Having previously agreed to transfer the site to E¢oHolmes by way of leasehold transfer the respective legal representatives of all parties continued to develop an Option Agreement to grant the lease. Planning permission was granted (subject to conditions in Februa 2023 forthe

development of 10 affordable homes and HVLC continue to work with EcoHolmes, and its build partner Connect Housing, to complete the legal aspects so that development might commence in 2024. Cliff & Wolfstonas - $lte8 3 & 24 The Trustse consldered that as these two sites provide a well-used public amenity and are likely to be retained by the charity in the long temi. it would bo wise to consider if there are any ongoing ecological or othèr maintenance issues we should conslder to preserve the long temi benefit to the community in line with our charitable objectives. Surveys were Commissioned on both sltss and any recommendations will be considered in the next financial year. Site 23 - Swinden Knowl The location and layout of this small sits has made it tsrget for fly tipplng whlch has occurred twice this year. The Trustees gave thought to the possibility of selling the site although it's designation as Gommon land would restrict interesL The Trusts8$ offered the site to local groups if they could come up with plans that would benefit the ¢ommunity but only one group, the Honley Village Community Trust showed a viable interesL DisGussions are still ongoing. Site 16- Hepworth Road. Jackson Bridge During the year, the Trustees were approached by a local businessman who expressed an interest in renting the buildings at this site for parking and storage purposes. We engaged 801icitors to draw up the legal agreemenl but the prospective tenant wlthdrew prlor to signing. Perfornan of fundraising activrties against objectives set NIA Para 1.41 Our investment policy is to minimise rlsk and our funds are held in two accounts: CCLA for lon temi retention Investment perfomance ainst ob'ectives Para 1.41

of ftsnds raised through land sales and Coop as a current account. Olher Financial Review Review of the charity's finan¢ial position at the end of the peri¢xI Para 1.21 We have stable finances that have been enhanced thi5 year by the sale of Site 19 (Meal Hlll, Holme), the majority of the sale proceeds having been transferred to our CCLA deposit aGcount. Our other Income has in¢aSed primarily through rising intsrost ratès which has paid a far better return than previous years. Expenditurè has remained stable with our main outlay being the cost of employing a part time secretary. Some legal costs were incurred in relation to the proposed lease of the building at Jackson Bridge (Site 16) which subsequently fell through. Legal costs regardlng the Option Agreement with EcoHolme$ for the Chippings development have so far been covered b EcoHolmes. We hold reserv8s to allow us to pay cover any up-front costs associated wilh the future usage of our sites. This Includes the ¢o$t of seeking planning pennission, professional fees for tsnancies and other land management costs. The Trustses have started to consider ways In which the reserves might be distributed by grants or other means for genèral public benefit and how much we should continue to hold in resetves for future contingency. Statement explaining the policy for holding reserves stating why they are held P8r8 1.22 Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the ¢harity ¢ontinuing as a going concem Para 1.22 £396,069 NIA Para 1.22 Para 1.24 NIA P8ra 1.23 NIA Addltlonal information (optional) You may choose to include further statements where relevant about-

Sale of sltss and recolpt of tenancy income. The charity's principal soUS of funds (including any fundraising) Para 1.47 HVLC does not invest funds at the momènt other than in CCLA to minimise risk. Investment policy and objectives including any social investment poli¢y adopted P8ra 1.46 The principal the Chippings development does not proceed as planned and that the effort and money spent to date (in 2021) doos not result in a viable scheme. However, land could still be disposed of in the future and at this stage. the slts's value as amenity land still remains above funds committed. A description of the principal risks facing the charity Para 1.46 Other

structure, Governance and Management Description of charity's trusts- Holme Valley Parish Council is the sole corporate Trustee of the Holme Valley Land Chari HVLC Administrative Framework with Charity established by Charities Commission Order on 6th Janua 2009 Sole Corporate Trustee is Holme Valley Parish Council Type of governing documenl Para 1.25 I'.-Lls,' ,-Jè.'... roydl ( liarter) How is the charity constrtuted? i e.g unincorporated association. CIO) Trustee selectit)n methods including details of any Constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Parn 1.25 All Holme Valley Parish Council Councillors automatically become members of the Trustee so are duly elected every four years (or at by- elections l through co-options In tween). Additional infonnation {optionall You ma hoose to include further statements where relevant about.. Trustees have been provided with dotaTls of the active sites and summary raports of each site have been prepared to aid understanding of the history of each site. Policies and procedures adopted for the induction and training of trustees Para 1.51 Thè Trusteè employs a part-time Secretary to provide administrative and project management support. The Trustee meets quarterly and makes the overall declsions about land sales and the future plans for each site. It also appoints a management committee of up to 8 members of the Trustee. This committee meets monthly to handle day-to-day matters and progress the actions agreed by the Trustee. The charity's organisational structure and any wider network with which th8 charity works Para 1.51 The charity is run separately from the Holme Valley Parish Council and its Secretsry is not a CounGil employee so records are managed separately from the Parish Council. Relationship with any related partiès Para 1.51 Other Reference and Administrative details Charit name Other name the charity uses Holme Valle Land Charit Previously known as the Holme Valley Parish Council Graveshi of Holme Land Charit

istered charit number Charity's principal address 700350 Holme Valley Land Charity Holmfirth Civic Hall Huddersfield Road Holmfirth HD9 3AS Names of the charity trustees who manage the charity Date¥ acted if not for whd• ear Trustse name Office Ilf any) Holmfirth Civic Hall Nome Of porson lor body) èntitled oint trustee ifan Holme Valley Parish Council Huddersfield Road Holmfirth HD9 3AS Cor orate trustees- names of the directors at the dale the re Dlrfjctor n•m• ortwasa roved Name of trustees holding title to propèrty belonging to the charity Trustr• n•m• Dotès Aetrd rf not for wholè Funds held as custodian trustees on behalf of others Description of the assets NIA held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects NIA Details of arrangements for safe custody and segregation of such assets from the charrty's own assets NIA Additional inforniation (optional) Names and addresses of advisers (Optional infomiation)

Type of adviser Name Address Name of chlef 8XeCUtive or names of senior staff membors {Optional infomiation) Exemptions from disclosure Reason for non4isdosure of ke rsonnel details Other o tional inforniation Declarations The trusteès declarè that they havè approved thè trusteès, report above. Signed on bahalf of the rity's trustses Slgnature(8 Full namels) Position leg Secretsry, Chair, etc) Pat Colling Chair of Trustee Tom Dixon Vice£hair of Trustee Date Iq. (l.

CHARITY COMMISSION fOR ENfjLANJ AND WALES HOLME VALLEY LAND CHARfrY Receipts and payments accounts CC16a For the perl¢)d 0110412022 3110Y2023 Section A Receipts and payments Unre8trl¢ted funds to nup••t RoStCd fund$ Endowment funds Total lund8 Lastyoar toth• noarnJt£ tothB nernt£ ioth• wr••t£ 19th0 nMr••t£ A1 Receipts Rep7taL% & Wa Interest T?18 to 6.616 360 10 ,516 Sub total(Gmss incomg for AR) 88$ $27 A2 As$•t and Inwstment •ales, I tsblel. Land ZIODD Sub total 29.885 $27 A3Po ènts In¥urance Mbng Q)gts Fees Administrath Examining aGCQUrtanl Bank th3rges 2B? 36 9D7 1$70 304 $07 a,s70 250 3,462 250 Sub total &04S 4,016 A4 Asset and investment uKha$es, see table Aflordable Homes, Scholes "Chi ect 7,2QO Sub total 4045 11.216 Net of rncelpts/(payments) A5 Trdnsfeys between fund8 A6 Cash funds last year end Cash funds this yearend 24.840 24,840 10,689 371,229 396.069 371,229 396,069 3B1,918 371,229 CCXX R1 accwrt8 ISSI 10108r2023

Section B Statement of assets and liabilities at the end of the period UnreBtrlcted R#¥trlcted fvnds Endowm•nt funds to no•r• Categorie$ Oetslls to £ B1 Cash fund• b3nk acuulrt CAF tqnk baDk actol Ccrt)t4nk bonk 8ccowI CC[AdEI Amd rotal cash funds 396,069 Unre8trictèd fund Rostrictsd fund Endowmont fund8 ton•¢1t£ Details Fund tDwhlth Cwt lO&or CLWrnhtvalufr 83 InStment ass8ls nd AsRegI¢r vnre¥tn0d 222.206 Offiee equiwnBr 413 Fundto whlch ajsetbelon Cuvrentvalue Details ¢o•t{0Olw•l) B4 Assets retained thè charity's own us• Fundto wN¢h knount du• on•1 on 85 Liabilities SKJned orlAwtW5tEe5 Ott behaWolaU the tsu5tees natu Ptint Nama Dats of rowdl CCXX R2 accounts ISSI 1010W2023

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Charity Name HOLME VALLEY LAND CHARITY	Charity Name HOLME VALLEY LAND CHARITY	Charity Name HOLME VALLEY LAND CHARITY

31stMarch 2023	Charity no (if any)	700350

1 and 2: Receipts and payments schedule (CC16a)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2023.

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 10[th] August 2023

Signed: Name: NIGEL PETER ARMSTRONG Relevant professional CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS qualification(s) or body (if any):

Oct 2018

IER

Address: Pi PARTNERS LTD, SUITE 3,

VICTORIA COURT, 91 HUDDERSFIELD ROAD

HOLMFIRTH, WEST YORKSHIRE, HD9 3JA

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER