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					SLAIDBURN POOR'SLAND




   FINANCIAL ACCOUNTS

    FOR THE YEAR ENDED

    31ST DECEMBER 2006




  Gary Cottam Asociates Limited
      Chartered Accountants
            Lancashire
                                       Slaidburn Poor'sLand
                                         Financial Statements
                                For The Year Ended 31 st December 2006


TRUSTEES

A Carr
E Rigby
H Robinson
J Parry
M Slinger
M Shaw
W Brown
T Wells
JE Harrison
AR Rigby


SECRETARY

M Shaw


CHARITY NUMBER

222196


INDEPENDENT EXAMINER

Gary Cottam Asociates Limited
Chartered Accountants
Rural Business Centre
Myerscough College
Bilsborrow
Preston
PR3 ORY


CONTENTS

                     2                Independent Examiners Repo rt

                      3                Income & Expenditure Account

                      4                Balance Sheet

                      5 to 5           Notes to the Financial Statements


 The following do not form part of the statutory financial statements:


                      6                Detailed Income and Expenditure Account




                                                    page 1
                                            Slaidburn Poor'sLand
,
                                          Independent Examiners Report
                                             To The Shareholders Of
                                              Slaidburn Poor'sLand
                                     For The Year Ended 31 st December 2006




    Respective responsibilities of trustees and examiner

    The charity's trustees are responsible for the preparation of financial statements. The charity's trustees
    consider that an audit is not required for this year ( under section 43(2) of the Charities Act 1993 (the Act)
    and that an Independent Examination is needed.

     It is our responsibility to examine the accounts (under section 43(3)(a) of the Act), follow the proceedures
    laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the Act
    and state whether any particular matters have come to our attention.


    Basis of independent examiner's statement

    Our examination was carried out in accordance with the general directions given by the Charity
    Commissioners. 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 any unusual
    items or disclosures in the accounts, and seeking explanations from the trustees concerning any such
    matters. The proceedures undertaken do not provide all the evidence that would be required in an audit,
    and consequently we do not express an audit opinion on the accounts.




    Independent examiner's statement

    In connection with my examination, no ma tters have come to my attention :

    (1) which gives me reasonable cause to believe that in any material respect the requirements to keep
    accounting records in accordance with section 41 of the Act; and to prepare accounts which accord with
    the accounting records and comply with the requirements of the Act have not been met; or

    (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the
    accounts to be reached.




     Gary Cottam Asociates Limited
     Chartered Accountants
     Registered Auditor

     Rural Business Centre
     Myerscough College
     Bilsborrow
     Preston
     PR3 ORY

     28th November 2007




                                                         page 2
v


                                             Slaidburn Poor'sLand
                                        Income & Expenditure Account
                                   For The Year Ended 31 st December 2006


                                                       Notes                          2006        2005
                                                                                          £          £
    RENTAL INCOME                                                                    23,335     21,629


    GROSS PROFIT                                                                     23,335     21,629

    Net operating expenses                                                            4,659     11,017

    OPERATING PROFIT                                                                 18,676     10,612

    Other Operating Income                                                            4,432     13,100
    Interest receivable and similar income                                            6,086      5,213

    EXCESS OF INCOME OVER EXPENDITURE                                                29,194     28,925

    Charitable Distributions                                                          6,050      5,650

    SURPLUS OF INCOME TRANSFERRED TO
    RESERVES                                                 3                    £ 23,144    £ 23,275




                          The notes on pages 5 to 5 form part of these financial statements

                                                       page 3
~                                           Slaidburn Poor'sLand
    .

                                                   Balance Sheet
                                              At 31 st December 2006


                                                              Note             2006                     2005
                                                                               £              £            £
        FIXED ASSETS
        Tangible assets                                           2                     163,662       147,569


        CURRENT ASSETS
        Debtors                                                            2,331                        1,051
        Cash at bank and in hand                                         139,380                      133,609

                                                                         141,711                      134,660

        CREDITORS: Amounts falling due within one year                      1,250                       1,250

        NET CURRENT ASSETS                                                              140,461       133,410

        NET ASSETS                                                                  £   304,123   £   280,979


        CAPITAL AND RESERVES
        Capital Account                                           3                     225,879       225,879
        Income and expenditure account                            3                      78,244        55,100

        TOTAL FUNDS                                                                 £   304,123   £   280,979




        The accounts were approved by the trustees on 28th November 2007




        W Brown                    M Shaw                             H Robinson, Trustees

        a ro~                                                         a 6. ovo991         -




                            The notes on pages 5 to 5 form part of these financial statements

                                                         page 4
A



                                                   Slaidburn Poor'sLand

                                                   Notes to the Accounts
                                           For The Year Ended 31 st December 2006



    1.    ACCOUNTING POLICIES


    1.    Turnover

          Turnover comprises the value of rental income received during the year.


    2.    TANGIBLE FIXED ASSETS
                                                           Land and        Fixtures &         Office
                                                           Buildings          Fittings    Equipment                     Total
                                                                   £                 £             £                        £
          Cost

          At 1 st January 2006                                394,661              910                99              395,670
          Additions                                            15,733                 -              630               16,363
          Grants Received                                     (247,805)               -                 -         (247,805)

          At 31 st December 2006                              162,589              910               729              164,228

          Depreciation

          At 1st January 2006                                          -           253                 43                 296
          For the year                                                              98                172                 270

          At 31 st December 2006                                                   351                215                 566

          Net Book Amounts

          At 31st December 2006                           £    162,589         £   559          £     514     £       163,662

          At 31 st December 2005                          £ 146,856            £   657          £      56     £       147,569



     3.    RESERVES
                                                                                                              Income &
                                                                                                    Capital Expenditure
                                                                                                account               account
                                                                                                       £                    £
           At 1st January 2006                                                                   225,879               55,100
           Excess of Income for the year                                                                               23,144

           At 31st December 2006                                                            £       225,879       £     78,244




                                                              page 5
                                        Slaidburn Poor'sLand

                                  Income and Expenditure Account
                              For The Year Ended 31st December 2006

                                                          2006                      2005
                                                          £             £          £                £
Sales

Rental Income                                                      22,395                      18,137
Rent Deposits                                                         740                       3,492
Others                                                                200                           -

                                                                   23,335                      21,629

Other Income
Grants                                                4,432                   13,100
Bank Interest                                         6,086                    5,213

                                                                   10,518                      18,313

                                                                   33,853                      39,942

Less Expenses

Rent                                                     12                       36
Rates                                                      -                     145
Heat, Light & Power                                   1,621                    1,040
Repairs & Renewals                                    1,050                    5,942
Advertising                                              25                       25
General Insurance                                     1,095                    1,190
Telephone                                               281                      371
Office Expenses                                            -                      32
Sundry Expenses                                         190                      320
Accountancy Fees                                        280                      210
Legal & Professional Fees                              (200)                   1,572
Bank Charges                                             35                         -
Depreciation                                            270                      134

                                                                    4,659                      11,017

Excess of Income over Expenditure for the Year                     29,194                      28,925

Charitable Distributions                                            (6,050)                     (5,650)


Surplus /(Deficit) of Income for the Year                        £ 23,144                  £   23,275




                                                 page 6

				
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