REGISTERED COMPANY NUMBER: 00434045 (England and Wales)

REGISTERED CHARITY NUMBER: 1089667

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FRECKLETON CHARITABLE TRUST LIMITED

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

11

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objectives are to promote the benefit of the inhabitants of Freckleton by the advancement of education and the provision of facilities in the interest of social welfare for recreation and other leisure time occupations.

Significant activities

The charity achieves its' objectives by offering grants and donations to local charitable organisations.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policy for the year.

Grantmaking

Grants are usually awarded annually. Applications for grants are invited from local community groups and the intention is that grants should be for one off purposes rather than as an annual source of income for groups. One exception to this general rule is the maintenance of the children's grave in the churchyard.

The requests are considered by the trustees, who give preference to youth, the village hall and other village organisations.

Volunteers

The charity is dependent upon its volunteers, who are its trustees, and they perform the charity's work including all administrative functions.

FINANCIAL REVIEW

Financial position

The income received during the year from investments was £6,569 (2024 - £5,703). A total of £3,931 (2024 - £3,833) has been awarded in grants during the year. After deducting support costs of £1,440 (2024 - £1,533), the surplus of funds retained for the future was £10,861 (2024 - £1,485).

Investment policy and objectives

The charity receives income from listed investments, which were purchased from accumulated funds.

Reserves policy

It is the policy of the trustees to maintain a cash reserve sufficient to meet two years worth of grants.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a limited company, limited by guarantee, as defined by the Companies Act 2006.

It was originally incorporated on 28th April 1947 and registered as a charity on 5th December 2001. The company was established under a Memorandum and Articles of Association which were amended by special resolutions in 1950, 1951, 2000 and 2001. These documents established the objectives and powers of the charitable company.

Recruitment and appointment of new trustees

The directors of the company are also trustees for the purposes of charity law. They are elected by existing members for a period of three years and may offer themselves for re-election. Trustees are appointed by the board of trustees, who may also remove trustees, should they become unfit to continue in office.

Induction and training of new trustees

Training is provided on an ongoing basis, and upon commencement for new trustees.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed, and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

00434045 (England and Wales)

Registered Charity number

1089667

Registered office

Longroots Lower Lane

Freckleton

Preston

Lancashire

PR4 1HH

Trustees

Mrs S Dutton

Ms C J King

Mr T Threlfall

Mrs E J Willis

Rev. S N Heath

Mr D Fare

Mr B J Whittle

Mr T J Fiddler

Mr P N Outhwaite (resigned 1.10.24)

Mrs J Courtney-Whiteside

Mrs P A Knight

Mrs L Wareing

Rev. T J Swindells

Dcn K L Gabbatiss

Company Secretary

Mr D Fare

Independent Examiner

James Todd & Co

Greenbank House

141 Adelphi Street

Preston

Lancashire

PR1 7BH

Approved by order of the board of trustees on 4 November 2025 and signed on its behalf by:

Mrs P A Knight - Trustee

Independent examiner's report to the trustees of Freckleton Charitable Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

J T Howarth MBA, FCCA

The Association of Chartered Certified Accountants

James Todd & Co

Greenbank House

141 Adelphi Street

Preston

Lancashire

PR1 7BH

4 November 2025

Period

6.4.23

Year Ended

to

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Investment income

2

6,569

-

6,569

5,703

EXPENDITURE ON

Raising funds

3

713

-

713

860

Charitable activities

Community grants

3,931

-

3,931

3,833

Support Costs

727

-

727

-

Other

-

-

-

673

Total

5,371

-

5,371

5,366

Net gains on investments

9,663

-

9,663

1,148

NET INCOME

10,861

-

10,861

1,485

RECONCILIATION OF FUNDS

Total funds brought forward

117,996

15

118,011

116,526

TOTAL FUNDS CARRIED FORWARD

128,857

15

128,872

118,011

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Investments

7

101,566

-

101,566

104,550

CURRENT ASSETS

Cash at bank

29,484

15

29,499

14,127

CREDITORS

Amounts falling due within one year

8

(2,193

)

-

(2,193

)

(666

)

NET CURRENT ASSETS

27,291

15

27,306

13,461

TOTAL ASSETS LESS CURRENT LIABILITIES

128,857

15

128,872

118,011

NET ASSETS

128,857

15

128,872

118,011

FUNDS

10

Unrestricted funds

128,857

117,996

Restricted funds

15

15

TOTAL FUNDS

128,872

118,011

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 4 November 2025 and were signed on its behalf by:

Mrs P A Knight - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The presentation currency of the financial statements is the Pound Sterling (£).

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments

Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument. Basic financial assets, which include investments, debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest.. Basic financial liabilities, which include creditors and accruals, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest..

2.	INVESTMENT INCOME

Period

6.4.23

Year Ended

to

31.3.25

31.3.24

£

£

Dividends receivable

6,391

5,703

Interest receivable

178

-

6,569

5,703

3.	RAISING FUNDS

Investment management costs

Period

6.4.23

Year Ended

to

31.3.25

31.3.24

£

£

Support costs

713

860

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024.

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Investment income

5,703

-

5,703

EXPENDITURE ON

Raising funds

860

-

860

Charitable activities

Community grants

3,833

-

3,833

Other

673

-

673

Total

5,366

-

5,366

Net gains on investments

1,148

-

1,148

NET INCOME

1,485

-

1,485

RECONCILIATION OF FUNDS

Total funds brought forward

116,511

15

116,526

TOTAL FUNDS CARRIED FORWARD

117,996

15

118,011

6.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees of the charity, being the directors and trustees, was 14 (2024: 14).

7.	FIXED ASSET INVESTMENTS

Listed

investments

£

MARKET VALUE

At 1 April 2024

104,550

Disposals

(12,647

)

Revaluations

9,663

At 31 March 2025

101,566

NET BOOK VALUE

At 31 March 2025

101,566

At 31 March 2024

104,550

There were no investment assets outside the UK.

Cost or valuation at 31 March 2025 is represented by:

Listed

investments

£

Valuation in 2021

14,456

Valuation in 2022

6,781

Valuation in 2023

(9,377

)

Valuation in 2024

1,148

Valuation in 2025

9,663

Cost

78,895

101,566

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

84,591

91,542

Fixed asset investments were valued on a market value basis on 31 March 2025 by Canaccord Genuity Wealth Limited .

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

-

6

Creditors : Grants Payable

1,500

-

Accrued expenses

693

660

2,193

666

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year on demand:

Bank overdrafts

-

6

The overdraft relates to the Canaccord Genuity Wealth Limited portfolio accounts and will be settled by future income from the stock and shares held within the portfolio.

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

117,996

10,861

128,857

Restricted funds

Designated members fund

15

-

15

TOTAL FUNDS

118,011

10,861

128,872

Net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

6,569

(5,371

)

9,663

10,861

TOTAL FUNDS

6,569

(5,371

)

9,663

10,861

Comparatives for movement in funds

Net

movement

At

At 6.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

116,511

1,485

117,996

Restricted funds

Designated members fund

15

-

15

TOTAL FUNDS

116,526

1,485

118,011

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

5,703

(5,366

)

1,148

1,485

TOTAL FUNDS

5,703

(5,366

)

1,148

1,485

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.