REGISTERED CHARITY NUMBER: 702924 Report of the TruBtaas and Flnancial Statements forthe Yaar Ended 318t March 2024 for The Bowland Willagg Trust Towefs + Gomall Ltd Chartered Certified Auntants Rlver V18W 96 Hlgh Street G8r8tang Preston L8ncashlre PR3 IWZ
The Bowland Village Trust Contents of the Financlal Statements for the Year Ended 31 st March 2024 Page Report of the Trngtses 1 to 2 Indepèndent ExamIn08 Report statement of Flnancial Activltles Balance Sheet Notes to the Financlal 8tatemonts Detslled Ststement of Financlal Actlvltle8 10
The Bowland Village Trust Report of the Trustees for the Year Ended 31st March 2024 The (ruslees present their report wth thè Itnanual statements of *he chatity for the year end8d 31 st Marth 2024. The trustees have adopted the provisions of Accounting and Reportlng by Charitle$: Slalement ol Remmended PracU&8 applicabla to charities prep8ring Ihelr acGounts in accordance with the Flnandal Fieportlng Standard applicable in Ihe UK and Republlc of Ire13nd <FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES ObJe¢tives and alms The objectlves af Ihe charity sel out In the Trusl Deed are: To advanc2 the educatlon and skllls, 2nd to pmmole the welfare of people who have leamlng disabhlllies In Garstang and Ihe surrounding area, by tha provislon of a sultable home environment and acc8SS to skllls and educalional development with supervision and support. {Support is also providad for 8CGornpanwng physical disabllitles which are ofien present]. To enable them lo develop mentally, physically and splrltually. to roa88 Ihelr fijll potentlal as Individuals 80 that Ih8y may be seen and acc8Pted as valued m8mbers wilhin and by sociaty and so that their condilions of life may be Improved. The Trust fulfils these oblecllves by helplng to provlde answars to the needs of Ioc81 peopl8 with leamlng and accompanwng physical dlfficullies. Today Ihls is mainly through the provision of suilable houslng and a180 through the provtslon of educatlon 2nd skills trainlng, IcKally. where eppropriat8 In additlon, the Trust 8UPPOrts peopSe wlth leamlng dl$ablSlties by fundlng socAal activltles and holidays and by helplng people wlth furnishlng and redecorallng thelr home$ and by provldlng 8peclali6t equipmenl, Many disabled people do not have the funds or family to provlde gUPPOrt above thal provlded by their beneflts. The help that the Trust can provlde Is oflen the only way that thelr arMmOdation can be brought up to 8 siand8rd that Twst members fe81 is acceptsbla. The Trust has no employees and Is not directly responslble for Ihe car8 that our ben8fleiaries re5Ved. However following the Grenfell fire the Trust as a responsible landlord has contracted a company to over8ee the Heatth and Safely as w811 as the m8lntellan¢e of their propertie$ 8nd receives quarterly reports and is nolifled immedlately of arislng Issues. Slgnlflcant activltles Major refurbishment costs induded the completion of a new kltchen at 10 Joe Lane along wth a new boiler, 8nd a naw bathroom al 21 Gregory Meadow. Publlc beneflt The Trust has ref8rred lo the Chatity Comrnlssion's guldance on public benefit and has complied wlih the duty In s.4 of the CharStl8s Ad 2006. ACHIEVEMENT AND PERFORMANCE Charltsble actlvlties Each year, the Trusl glfts a food vouther to each person under our care al Chrfglmas time. Th15 finanual year, this amounted to £1,280.. Fundra16ing actlvltie6 Currently all Ihe Trust funds are derlved from the rents collected from our Tenants. HNANCIAL REVIEW Revlew of Financlal AGtlvlties In the opinlon of the Trustees. the charity has performed t() a sallsfaclory level. Income for the year totalled £137.407 <2023., £112,237). Total expenditure vffts £96.86412023,' £78.017J, the largesi rKJrtlon of Ihls wag related to Ihe rental payments on our renled properties, and property managenienl fee8. Mortgage intere61 pald Ihls year was £10,712 (2023: £6,455). The surplu8 on unreslricted funds for the year was £40.543 (2023 .£34,220). At the y6ar-end cash at bank was £296,524 {2023: £244,982) and our lolal nel as88ts were £859,748 <2023: £819.205). Page 1
The Bowland Village Trust Report of the Trustees for the Year Ended 31st March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng doGument The tharity is controlled by Ils goveming document. a deed of Irusl 3nd constitutes an unlnGorpDrated dritY. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity number 702924 Prlnclpal address clo Mr A18n Pearson Momlngslde 30 Bonds Lane, Bonds Garst8ng LanshIre PR3 1ZB Trustees Mr A Pearson Mrs E N Pearson Mrs S A Goldsplnk Mr D Gerrard Mr B P Whlttaker Mr J l Gerrard Trustée Independent Examiner Towers + Gom811 Ltd Ch8rtered Certified Accrmjnlanls River View 96 High Street Garst8ng Preston Lancashire PR3 1WZ Approved by order of the board cf InBt88s on .,.... ............ and signed on Ils b8half by: ilr A Pearson- Trustee Page 2
Independent Examlner's Report to the Trustees of The Bowland Vlllage Trust Independent examlneW8 report to the trustsés of The Bowland Vlllage Trust I report to the charity Iwstees on my examination of the accounts of The Btw18nd Ifillage Twst (Ihe Trust) for the year ended 31st March 2024. Responslbilltles and basis of report As the charlty truslees of the Trust you ar8 responslble for the preparatlon of ihe accounts In accordance with Ihe requirements of the Charrtles Act 2011 {'the Ad?. I report in respect of my examinatlon oflhe Trust% accounts carrled oul under Sedion 145 of the Act and In carrying oul my examination I have followed 811 appllcable DireciiLMS given by the Charity Gommisslon under SeGtion 145(5)(b) of the Act. Independènt examinèf8 Btatement I have cOmeled rny examlnalion. I confirm that no material malters have cx)me to my attentlon In ¢onnecllon wlth the examlnatlon glving me cause to beliwe that In any malerfal respecL' aceounllng records Vre not kept In re8pecl oflha Tru8l as réqulred by Seclion 130 of Ihe Ad,. or the accounts do not accord whth those records. or the 8c&ounls do rt comply th the appllcabie requirement8 ¢onceming Ihe fomi and nIent ol accounls sel out in Ihe Charflles (Accounts and Reports) Regulations 2008 other than any requlrement that the acwunts gwe a and falrvÉew whleh Is nol a maller consEdered 88 part of an independenl examlnatlon. I have no Goncerns 8nd have come acloss no othet matters in conneclion the axamlnallon lo thich attenllon should ba drawn in thls réport In ordèr10 8nable a proper understandlng of the accounts to be reaGhed. MicJKel Gornall Towers + Gornall Ltd Charlered Cerlified ACCounlS River View 86 High Street Garstang Preston Lanca8hlre PR3 1WZ D8te: ..... Page 3
The Bowland Village Trust Statement of Financlal Activitles for the Year Ended 31st Mar¢h 2024 2024 Unrestrlcted fund 2023 Tolal funds Notes INCOME AND ENDOWMENTS FROM Donalions and legacl8s Inveslmenl income 132.407 112,237 Total 137,407 112,237 EXPENDITURE ON Raislng funds 27,884 29,550 Olher 68,980 48,467 Totsl 96,864 78,017 NET INCOME 40,543 34,220 RECONCILIATION OF FUNDS Tolal funds broughl forward 819,205 784.985 TOTAL FUNDS CARRIED FORWARD 859,748 819,205 The notes lom) part of these finandal statements Page 4
The Bowland Village Trust Balance Sheet 31st March 2024 2024 Unrestrlcted nd 2023 Total funds Note FIXED ASSETS Tanglble assets 916,163 916,476 CURRENT ASSETS Cash at bank 296,524 244,962 CREDITORS Amounts falling due wthin one year {214,050) {192,301) NET CURRENT ASSETS 82,474 52,681 TOTAL ASSETS LESS CURRENT LIABILITIES 998,637 g69,157 CREDITORS Amounts lalling due after more than one year {138.889) (149,952) NET ASSETS 859,748 819,205 FUNDS Unrestricted fund8 859,748 819,205 TOTAL FUNDS 859.748 819,205 Th& financlal statements were approved by the 808rd of TN8tees and authorlsed for Issue on and wer8 signed on its behalf by,. rus The notes form part of these financial statements Page 5
The Bowland Village Trust Notes to the Financlal Stst8ments for the Year Ended 31st March 2024 ACCOUNTING POLICIES Ba8is of preparing Ihe financlal statements The financial statements of the charity, whlth Is 8 public benefit entity under FRS 102, have b8en ppared in accordance with the Charili8s SORP IFRS 102) 'Accountrng arKf Repotling by Charilies: Slalement of Recommended Practice appllcable to charities preparing Iheir aCunts in accordance with the Flnancsal Reporting Standard appliGablo in the UK and Republic of Irelanij IFRS 102) (effeGlive l January 2019),. Financial Reportlng Standard 102 The Financtal Reporting Standard appllcable in the UK and Republlc of IrelarKI' and the Chartties Act 2011. The financial slatoments have been prepared under the ht8torical cosl Convtion. Income Ali IncM618 recognised in the Slatement of Financlal Activltles One the charity h88 entlllemont to the funds. It Is probable that the income 11 be recaved and the amount can be nasured reliably. Expendlturn Llabililies are recognl$od as expendilure as soon as there Is a legal or construcllve obligation committing the ch8rlty lo that éxpenditur8, It is probable Ihat a tr8nsfer of eoonomlc benefiis wlll requlred In settlement and the amount of Ihe obligation can be measured reliably. Expenrfilur8 18 accounted for on an ac¢wals ba$1$ and has been dasslfied under headings that aggregate all co81 related lo the category. Where costs Cannot be dlrtclly atlribut8d to partiujlar he8dlngs they hav6 been alloc8ted to activiuès on a basis tsIstent with Ihe use of re$ource8. Tanglble fixed asset8 D8preciatlon is provlded at Ihe following annual rates In order to bwlle off each assel over its eslimated useful Ilfe. Flxtures and frtlngs 150A on r6duclng balance Taxatlon The chadly is axempt from lax on it8 charllable activitles. Fund accounllng Unreslricled funds can be used in accordance wlth the Ghalitable objectivas at Ihe discrelEon of the tntstees. Restiicled funds can only be u8ed for parlicular restricted purposes within the objects of the charity. Restriclions arlse vthen spBdfled by the don<Y or vhjen funds are ratsed for particular restrided purposes. Further explanatlon of the nature and purpose of each fund is included in the notes to Ihe finanGial slatements. INVESTNIEKf INCOME 2024 2023 RlS recelved Deposil aCCnI internst 132.317 go 112,237 132,407 112,237 TRUSTEES. REMUNERATION AND BENEFITS There were no Intstees, remunerallon other benefits for the year ended 31sf March 2024 nor for the year end 31 st March 2023. Trust$, oxpens There no Irustees, expenses paid lor the year ended 3181 March 2024 nor for Ihe year ended 31 st March 2023. Page 6 contlnued...
The Bowland Village Trust Notes to the Financial Statements . continued for the Yeai Ended 31st March 2024 TANGIBLE FIXED ASSETS Flxtures and flttlngs Freehold property Tolals COST Al 1st Aprll 2023 and 318t Mard) 2024 914,549 39,157 953,706 DEPRECIATION At 1 st Aprll 2023 Charge for year 37,230 313 37,230 313 At 31st March 2024 37.543 37,543 NET BOOK VALUE At 31 st Mardi 2024 914,549 1.614 916,183 At 3181 Mgreh 2023 914,549 1,927 916,476 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trad8 credltOTS other credllers 212,640 1.410 191,851 450 214,050 192,301 CREDITORS., AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Other cxedilors 138,889 149,952 LOANS An analysls of the maturity of loan8 is glven b810w'. 2024 2023 Amoun18 falling due in m(Ye Ihan Ilve years: Repay8ble by instalments.. Other loans more syrs Inslal 138.889 149,952 MOVEMENT IN FUNDS Net movement In funds At 114123 3113124 Unrestricted funds General fund 819.205 40,543 859,748 TOTAL FUNDS 819,205 40,543 859,748 Page 7 continued...
The Bowland Village Trust Notes to the Flnancial Statements - continu for the Year Ended 31st March 2024 MOVEMENT IN FUNDS- contlnued Net movement In funds. Included In the above are as follows: Incomtng resources Resources expended Movemenl In funds Unrestricted funds Géneral fvnd 137,407 (96.884) 40,543 TOTAL FUNDS 137,407 <96,864) 40,543 Comparatives for movement in funds Nel movement in funds At 114122 3113123 Unre$trlcted funds General fund 784,986 34.220 819,205 TOTAL FUNDS 784,985 34.220 819,205 Comparatt¥e net movement In funds, included In th8 above are as follows: Incomlng re80urces Resources expended Movemenl In funds Unrostrlcted funds General fund 112.237 (78.017) 34.220 TOTAL FUNDS 112,237 (78,0171 34220 A current year12 months and prior year12 monlhs combined p08ilion is 8s follows: Net movement In funds At 3113r24 Ai 114r22 Unrestrlcted fund$ Genersl fund 784,986 74,763 859,748 TOTAL FUNDS 784,985 74.763 859,748 Page 8 ¢onllnued...
' The Bowland Village Trust Notes to the Financial Statements - contlnued for the Year Ended 31st March 2024 MOVEMENT IN FUNDS - conllnued A current year12 month8 and prior year 12 monlhs comblned net movement In funds. IncFuded In the above ar8 as follows: Incomlng resources Rasources expended hAovement In funds Unrestrlcted fund8 General fund 249.644 (174,881) 74,763 TOTAL FUNDS 249,644 (174,881) 74,763 RELATED PARTY DISCLOSURES There ware no related party transactlons for Ihe year ended 31st March 2024. Page 9
The Bowland Vlllage Trust Detailed Statement of Financial Activitles for the Year Ended 31st March 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legaGle8 Donalions 5,000 InveBlment Income Ren18 recelved Deposll 8ccounl interest 132,317 go 112,237 132.407 112,237 Total incoming re8ourc88 137.407 112,237 EXPENDITURE Inv08tmènt management costs Porifolio managemenl 24,960 24,960 Other Expendllure for beneficiari88 Rent for beneficiaries Mortgage Bank tharges 27.344 30.305 10,712 619 16.893 24,545 6.455 574 88,980 48,467 Support Cts Flnance Dqjreciation of tangible fixed assels 314 340 Gov6man¢o costs Insurance Accountsncy and legal fees 1.958 652 1.2q8 3.032 2,810 4,250 Tolal resources expended 96,864 78.017 N&t Income 40,543 34,220 This page does nol fom part of the stslulory financlal slalemants Page 10