REGISTERED CHARITY NUMBER: 1001423 R•port of tho Trusts•s and Unaudltod Fln•nci•l 81atemgnts for th• Yaar End•d 31•t Augu#t 2025 for R B Mas••y M•morl•l Tru•t Smalles Goldie Ch8rtered Accounlanls Regenfs Court Prlncgss Street Hull East Yorkshire HU2 88A
R B Massey Mamorlal Trust Con¢onts ol tho Flnanclal Statements for the year •ndod 31$t Augu¥t 2025 Pag• Report of the Trn8tee• 1 to 2 Ind•pondent Examlnerfs R•port Slat•m•nt ot Flnanclal Actlvlti Balan¢9 Sheet Not•• to the Flnanclal Stat•m•nt* 6 10 13
R B Massey Memorlal Trust Report of the Trustees for the year ended 31st August 2025 The trustees present their report with the financial statements of the charity for the year ended 31st August 2025. The tru8lee8 h8Vg adopted the provisions of Accounting and Reporting by Charities.. statement of Recommended Practic8 applicable lo charities preparing their accounts in accordance with the Financlal Rgportir@ Stsndard applicable in the UK and Republic of Ireland IFRS 102}18ffeclNe 1 January 20191. Ob}ectivos and Actlvltles The Robert B Massey Memorial Trust was established by Trust Deed dated 1 August 1990. Its purpose to provide, in the interes18 of social welfare and the improvement of the conditions of1rf8 for Ihg inhabitants of ihe Town of Market Weighlon in th8 County of East Yorkshire and its ngighbourhcA)d. a public fecrealSon ground and other recreational facilitles including a Bowling Gr8èn. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charlty Ss controlled by ils governing document. a deed of trust and constilut8s an unlncorporaled chartty- RecTultmqnt and appolntm•nt of n•w trust•eg Management Committe&'. Dyk88 E Keithley J Phillips A 8rooks D Smith R Barnes C Barnes l Trustees meet al 18asl three lirn83 a year and cdlacllvely have the power lo appoint now Trusl808. The Charity receiv85 adminlslrallon and lég81 $6rvic8s from Stamp Jackson & Proct8r Limlleij and ono of tha Trustee$, ACT Proctar,18 8 con8ultanl in that firm. The Managemgnt Committae hBS continued lo upkeep the rgcrealonal facilities provided by tha TnJ81 at thè Pavilion and Bowling Green, which h8v8 been widely used by the public In Ihg Mark8t Welghton ar8a. Achlovornents and Pqrformance The Robert B Massey Memorial Trust acc6pled a further four Grgnts for fundlng, loans and hgd nine ¢urrent bursary applicant8 In the financlal year ended 31 August 2025. Flnanclal Revlow The recreallonal fa¢lllll88 provlded by the Trust conllnua lo be self4UPPOrtlng. The fln8ncio1 position of Iha Trust conllnu8s to be sound, as d8tslled on pag8 5. Of the totsl funds, £4,106,688 12024 £4,121,787) is repres8n18d by fixed assets and Invèstments. both of whlch provldè an es8errtlal onlribution to the Ch8rlty's wgllbèing. Ri•k managemenl The Trustees examine the malor rlsks Ihat the Charity face8 each year. The Charity has developed systems lo monitor and control these rtsks to miligale any impact that they may have on the Ch8rlty in the future. REFERENCE AND ADMINISTRATIVE DETAILS R&glst•rnd Chailty number 1001423 Prfnclpal addregs o A C T Procter Stamp Jackson & Procter Llmlled S Parliament Slregt Hull East Yorkshire HU12AZ Trustees Mr C W Clubley Mr A C T Procter Miss J E Phillips Mr D L Beadle Mrs U M Henley Page 1
R 8 Mas$ey PAemorial Trust Report of the Trustees for tho year gndod 318t August 2025 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examlner Smalles Goldle Chartered Accountants Regent'5 Court Princess Street Hull East Yorkshire HU2 88A 80li¢ltorg Stsmp Jackson & Proctor Llmiled 5 Parliament Stre&t Hull HU12AZ Advler 84nkern: HSBG pl 17 High Street Market Walghlon York Y043 3AE Cater Allen 9 Nelson Street Bradford B015AN Awountants: Johnson & Co Howthorne House 28 Cowgale Walton HU15 1NB 1£ s£ 2026 Approved by order ol the board of Iruslees on ....................,........................ and slgned on h8 behalf by-. Mr C W Clubley- Trus Pa99 2
Indopondent Examinorf$ R•port to the Trustees of R B Massoy Memorial Trust Ind•pendont $xamlnerf8 raport to the trustees of R B Massey Memorial Trust I report to the charity tru8legs on my &xaminalion of the accounts of R 8 Massey Memorial Trust {the Trust) for the ye8r ended 31st August 2025. Responslbllltles and basls of report As the charity trustees of tha Trust you are responsible for the prep8r8thJn of the accounts In accordance with the requirements of Ihe Charities Act 20111'the Acl'l. I report in respect of my examlnali(m of the Trust's accounts carrpd out un(Jer Section 145 01 the Act and in arrying out my examlnation I have followad all applicable Diraclions given by the Charlly Commission under Section 145{5llbl of the Act. Independènt examSn¢r'$ Statement I have compleled my examination. I rIMi that no materL91 matters h8ve corne lo my attentlon In connectlon with the examination glving rné causo 10 beligve that in any material respect.. accounllng records wore not kept W5 r8sp8ct of the Trust as requlred by Section 130 of the Act., or the accwnts do nol accord with th088 rgcords- or the accounts do not comply with the appllcable requiremants concerning Ihe fom and conl8nl of accounts set out in the Charities IAccounls and Reportsl Regulations 2008 olher than ony requirernent th81 the accounts give 8 tnje and fair view whiGh is not o matter consideied a$ part of on independent 8X8mination. I have no concems and hav8 eomg acros8 no other matter8 in connectlon wllh Ihg examinotlon lo whlch attentson should be drawn in this report order to 8n8ble a propgr understanding of the accoLbn18 to be reached. S. T. Bramall, 8SG.. FCA Smolles Goldie Chart8red Accountants Regent's Court Princess Stroet Hull E88t Yorkshlre HU2 8BA Poge 3
R B Massey Memorlal Trust Statement of Flnanclal Actlvltles for the yoar onded 31st August 2025 2025 Unrgstrlcted fvnd 2024 Total funds Notss INCOME AND ENDOWMENTS FROM Donations and legacies 13.471 22,199 Charltabl• actl¥ltle8 Recrealonal ground 7,132 8,332 Investment income 131 995 139,275 Total 152 598 169 806 EXPENDITURE ON Raislng fund8 17,829 18.300 Charltabl• aGtlvttl•• Support to local groups and Indwiduals Recreational ground 64,827 100.748 59,585 48.160 Support G06ts Total 246 974 177 241 Net galn¥ on Inve8lm8nts 132476 322,614 NET INCOME 41,067 315,179 RECONCILIATION OF FUNDS Total funds brought forward 4,480.870 4.165.691 TOTAL FUNDS CARRIED FORWARD 4518970 4,480,870 The notes fom) part of these financial statements Pag8 4
R B Ma$$ey Memorfal Trust Balance Sh88t 31st August 2025 2025 Unrn$trkt•d fund 2024 Total funds Nots8 FIXED ASSETS Tangible assets Invastments Investments Soclal Invoslments 340,188 344.832 3,760.347 3,776,955 4,106.688 4,121.787 CURRENT AsseTS Stocks Debtor8 Cash 8t bank and in hand 200 61,248 357 992 200 48.902 320.982 419.440 370,084 CREDITORS Amounts folllng due wlthin one year 10 {7,1581 111,0011 NET CURRENT ASSETS 412281 359 083 TOTAL ASSETS LESS CURRENT LIABILITIES 4,518,970 4,480,870 NET AS8ET8 4 518970 4 480.870 FUNDS Unrestrloted funds 51897Q 4 480.870 TOTAL FUND8 4 518 970 4 480 870 ci81 sta nts were approved by the Board of Tru8tse8 and aulhorisod for issue on 19L Yu.N.A..l.0I. 6 . and were slgn8d on Its bghalf by.. Mr C W Clubley- usl Mf A C T Proctw- Trustee The rleS form part of these I)narle1 stat6ments Pag9 5
R B Massey Memorial Trust Notes to tho Flnanclal Statements for th• year ended 31st August 2025 ACCOUNTING POLICIES Basis of praparlng the financlal statemonts The financlal slalernenls of the Gharity, which 55 a public benefit entity under FRS 102, havg been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Slolement of Recommended Practice 8pplicable lo charities preparin9 their accounts in accordance wilh the Financial Reporting Standard applicablg in the UK and Republic of Ireland IFRS 1021 leffaclive 1 January 20191.. Financlal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republlc of Ireland, and the Charities Act 2011. The financial slalem8nts have been prepared under th8 hlstorloal c081 convention, with the exceptbon of inveslmonts which are included at market value. Income All income 18 rocognlsed In the Ststem6nl of Financlal Activities once the charlly h88 enlltlement to th8 fvnds, It Is probable that tho Income will be received and the amount can b8 measured rgliably. Expendlture Llabililies are recognised 8s expenditure as soon as there18 a legal or conslruclive obligation commitllng the charity to th81 expendllure, il is probabla that a transfer of economic benefits will be required In seitlement and the amount of thg Dbligallon can be measured reli8bly. Exp8ndilur8 is accounted for on an accruals b8sls and has been classllled under headings that aggregate all cost related to the category. Where costs cannol be direcuy 8ttributad lo partlcular headlng8 they have been allwaled to aclivitles on a basis con81Stent with Ihe use ol resources. Grants offered Subject to conditions which have not bèen mel al the year ond dale are noted as commllmenl but not accru&d as expendllure. Tanglble flxed a•$ets Depr8ciation Is provided al the following annual rates In order to write off gach asset over 418 esllmaled useful Ilfe. Land and bulldlngs 8owllng Green Flxlures and Itttings 2Vo on reduclng balancg 5% on reduclng balanc8 10Ukn on reduclng balance Stock• Stocks are valued al the lower of cost 8nd nel roalisable value, after making due allowance for ob8olele and slow movlng item8. Taxatlon Tho charfty Is exempl from tax on Its charflablg a¢livi1188. Fund accountlng Unrestricted fund8 can be u8ed in accordonce wlth Ihe charflable objectives at the discretion of the truslaes. Restrlcled funds can only be used for particular re¥lricled pUoSeS within the oblects of tho ch8rrty. Restrictions arise when spectfied by the donor oc when funds arg raised lor particular restricted purposes. Furthar explanation of the n8ture and purpose of each fund 18 Included in the note5 to the financial statgments. Invgstments Stock5 and shares quotgd on a recognised stock exchange are induded in the balance sheet al their mid-markel value at Ihe year end. Tho var18nces beNveen market value and the original cost or annual revaluatlon of the investments are shown as unrealisad Invtsstment gains or108ses. The differences between th8 orKJinal cost and the prcKeeds of invaslmenls disposed of are shown as again or loss in the statgment of financial activity. P89e 6 continued...
R B Ma$$•y M•morlal Trust Notss lo tho Financial Statements - continued fortho arended 31st August 2025 Programme Related Investmonls A programm8 related investrnent is an asset held by a charity that provldes inve8tsnent funding to individuals or organisalions in order to directly lurther the charitable purposes of the investing charity., any financial return obtained is nol a prim8ry reason for making tho investment. A programme related investment or mixed molive investment may be madg in the form ol conces$ionary loan to a third paty interest free or at below prevaillng markat rates. Concessionary loans are not made solely lo a¢hiev8 a financial relum. Concessiorbary loans are madè wholly OT in part lo advance charitable Pufposes for the benefit of a charity's kneficiaries. Charits"es making lor raceivingl GonssIOnary loans repayab on demand or within one year 3houl¢J not adjust the carrying amounl of the loan lo reflect the below PTev8iling market ratss of interest beSng charged. Howev8r. for k)8ns repayable in more than one year, a charity making lor r8ceivingl con¢gsslonary loans mu51 opt to either.. initially r8cognise 8rtd measure the loans al the amount rgceived or paid. with the CHARITIES SORP IFRS 1021 carrylng 8mount adjusted in subsequent years lo reflect repayments and any accrued interest and adjusled if necessary for any imp8irmenl- or measure such108n8 Inillally at their falr value and subsequently attheir 8mortlsed costs Using the effective Inlaresl method (this would effectively Ire81 tho conce88ionary 81ament of thg loan 88 a fi'nanclng cost or inlere8t Incomg, as appllcabl81. For moro Informatlon on the use of the effèctlve inler8st method, rafer lo sècllon 11 of FRS 102. INVESTMENT INCOME 2025 2024 R8nls recelved Dividends received Deposit Account Int¢rosI 1,824 121,095 7,720 122,659 8,898 131995 139,275 SUPPORT COSTS 2025 2024 Insurance Llghl and heat Rales and water Accountancy Independent examiners fge Admini51r8tSon fees 7.296 3,196 1.813 2.958 1.446 47,061 6,832 3,660 942 2,352 1.446 35.985 63,570 51,216 TRUSTEES. REMUNERATION AND BENEFITS There were no trusta8s' remuneration or other bonofils for the year ended 31st August 2025 nor for the year erKled 31st Augu* 2024. Tru$toes' •xpensea There wera no trustees, gxpBnses paid for the year ended 31st August 2025 nor for tha y8ar ended 31st August 2024. P8gg 7 continued...
R B Massey Memorlal Trust NoteB to the Flnanclal Statèments - contlnued for tho y•ar onded 31st August 2025 TANGIBLE FIXED ASSETS Flxtur•s and fittings Land and bulldlngs Bowllng Green Totals COST Al 1st Sepl8mber 2024 AddS1ions Disposals 444,995 76,872 36.618 1.155 558.48S 1,155 At 31st August 2025 444,995 DEPRECIATION At 1st September 2024 Charge for y88r Ellminal8d on disposal 124,020 3,987 81,758 758 27,877 982 213,653 5.725 416 Al 3181 Augus12025 128 007 218 962 NET BOOK VALUE At 31st August 2025 316.988 Al 31st Augugt 2024 320.975 15,118 8,741 344,832 Included in cost or valuatlon of land and bulldlnos Is freehokl land of £121.65312024- £121.653) which Is not depreciate(l. Land ¢omprI883 1.63 acres of18nd al Beverley Road, Market Weighlon. East York$hirg conlalnlng the pavllSon and bowling green, 5.058 hectares of land soulh ol Beverley Road. Market Wolghlon and 1.18 hoctares of land north of the A1079. Market W8ighton. FIXEO ASSET INVESTMENTS 2025 2024 Market value at 1 September 2024 Additions Disposals Changg in Market Valu9 3,778.955 578.593 {685.4591 90,258 3.458,137 469,611 1282,4421 131,649 Market value al 31 Augu$l 2025 3 760,347 3,776,955 Historical co81 al 31 August 2025 2 801705 2908 571 Analysls of Investm•nts UK Equitie5 UK Government Stock 3,228.018 532,329 3.393,073 3 780,347 3,776.955 Pag9 8 cx)ntinued...
R B Massey M•morial Tru¥t Notes t? the Flnanclal Ststements - contlnued for the year onded 31st August 2025 FIXED ASSET INVESTMENTS - conllnuad Indlvldual investments exceeding 5% of th8 porttolio were as follows.. 2025 2024 Ajliance Twst Legal & General US Index Trust Shell 226,440 356.336 203.864 214.920 317,672 200.646 Net Igainl l Loss on Inve8tmenls 2025 2024 Sala proc88ds Cost of Investments Sold 727.877 685 4591 473,407 282 4421 Prolll on Sale of investments sold Incr8880 in value of porttollo In the year 42.218 190.965 131.649 Nèt g8ln on Investment8 132 476 322614 SOCIAL INVESTMENTS Loans 2025 MARKET VALUE New In year Repayments in year 6,365 Al 3181 August 2025 NET BOOK VALUE Al 3181 August 2025 At 318t August 2024 2025 2024 STOCKS 200 200 DEBTORS: AMOVNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors Prepayments 1S.000 48,902 48.902 Page 9 contSnued..
R B Massey Memorial Trust Notss to th• Financlal Ststem¢nt8- contlnued lor the year gndod 31st August 2025 10. CREDITORS: Afv10UNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Othor credllor8 7,158 11.001 11. RELATED PARTY DISCLOSURES During the year the Chadty received admlnlslr81ion and legal Servlces from Stsmp Jackson & Procler Limited. in which ACT Procler is a consultant. The c081 of th&8e services amounl8d to £47.061 for the yaar ended 31 August 2025 {2024 £35,985). 12. INCOME AND EXPENOITURE OF THE MANAGEMENT COMMITTEE 2025 2024 Income Bowllng foes- Indoor - outdoor League and compèlilttin fees Refreshments Book Stall Raffle Badges and sportswoar Hlre of hall Donations (Note 131 Selby Le8gue Knock Out Cup Prizo Bank interest re¢elvod Closing stock 2.026 1.210 1,049 2.567 1,440 1,177 998 160 30 1,750 13,471 100 138 200 317 1.770 22.200 208 200 20,941 30,939 Expendlturo League and competillon fees Green upkeep Refreshment8 Insurance Light and heal Rates and water Bank charges Sundries Replacement mats Refurbi5hmenl of pavilion tchen Rep8irs and renewals Replacement dllch mats Accountancy 8aéges and sportswear Depre¢ialion of fixture and fittings Depreciation of power mowor Openlng Stock 676 1,854 218 7,296 2,356 1.613 99 193 4,930 981 1,773 247 6,832 3,660 942 109 13,405 1.356 2.153 540 1.783 38 350 185 200 389 205 200 32,958 Excess Iloefidtl of Income expandilure over expenditure Page 10 continued...
R B Massey Momorial Trust Mote3 to the Flnancial Statemonts . ¢ontinued for the yoar endod 315t August 2025 13. DONATIONS BilL8 p81d dire¢tly by the goneral committee 2025 2024 Rates Commerclal waste Insurance Hedge cutting Refurbishment of povllion kitchen Rep18cemenl mats Boller sgrvic Fire 8al8ty and electrical repalrs 172 127 7,296 72 131 6,832 760 13,405 4,936 162 778 13,471 21.2C Other Oonatlon• Donations lo the Bowls Club Donallon from the Gener81 Committe8 1,000 Total Don8tlons per the accounts 22,200 14. GENERAL INCOME ANO EXPENDITURE ACCOUNT FOR THE YEAR 2025 2024 In¢om• 88nk Intere81 Inve8lmonl income Rent Profit on 8018 of Investments 8.938 121,095 1,824 42,218 8,687 122,659 7,720 190 961 174,075 330,027 Admlnlstrallon fvés JM Flnn f8es Crest sponsorship mgmbershlp Gharge LEI renewal Oonations Fee8 re rent Accountancy Bursary & Apprentlce Scheme Repairs Depreclation of oerBtor Depreciation of healers Depreciation of mi119nnium leclum Dèpreciallon of community hall flxture¥ Dgprecialion of bowlbng gregn Depreciation of pavilion Depreciallon of communlty hall 47,061 17,829 589 35.985 17,367 758 174 48,160 1,020 3,258 33.000 100.748 3.864 49,500 74 16 186 72 173 756 18 206 81 72 796 1,440 224.834 144,963 Excess of income over oxpendilu 185.064 Page 11 continued...
R B Massey M•morlal Trust Notss to the Flnanclal Statements- Conllnued for tho y•ar gnd•d 318t August 2025 15. INVESTMENTS Market Value Number Cost Ordinary sharos and unlt trusts 31 Infrastructure Alliance Trust Astra Zenfj¢a Bankers Investment Trust British American Tabacco Bluefield Solar In¢ome Carillion Cty of London Invgslmonl Tru81 Cranswick Dlageo EcclesiBstical Insurance 8.625% prefs Gieencoat UK Wind Imporial Brands JPM Global Growth & Income JPM European Growth & Income 35,01)0 18,OLK) 600 145,000 2,130 so,000 15,000 24,000 2,000 4,500 75,000 45.000 2,150 33,000 57,000 104,589 137,081 44.507 146,566 60,286 57.510 49.623 99.008 64,284 80,623 99,790 65.681 46.309 160.879 72,384 119.350 226.440 70.740 178.640 89.141 44,100 119,640 102,000 92.205 109.125 49.095 67.123 186,120 P Ill L&G US Index Legal & General Mufr8y Intern81n81 Nallon81 Grld Personal AssBls Tru81 Reckltt 8enckisor RELX Rlo Tinto Scottlsh Amerl¢an Investment Trust Smith & Nephew Shell SSE Stewart Ajla Pacmc TR Property Unilever 72,105 358,336 61,875 77,910 81.489 113,718 104,517 113,718 51,990 162,560 38,032 203,864 84,770 41.641 64.200 144,212 36,900 25,000 26,500 7.828 22.000 1,890 3,300 1,120 32,000 2,750 7.484 4.900 4.050 20,000 3,100 65.960 72,495 76,158 70,148 76,503 75.213 16,686 15,769 151,775 43,628 115,130 74,852 17,682 87,750 53,656 Gov•rnment st¢ek 2.00/. IL Treasury Stock 2035 0.125¥. IL Tre8sury Stock 2028 3.25% Treasury Stock 2033 0.5% Treasury Stock 2029 4.5V• Treasury Stock 2034 54,000 115.000 80.000 85,000 150,000 119,394 99,977 74,S47 74,951 149913 128,268 105.489 73,944 75,905 148.725 2 801 705 3 760 347 P8ge 12 continued..-
R B Massey M•morlal Trust Nots8 lo the Flnanclal Slat•menl8 - conllnugd for the y9ar ended 318t Augujst 2025 16. CASH AT BANK 2025 2024 HS8C- Enterprise aocount HSBC- Depo3lt account HS8C- Treasur8r account Cater Allen Stsmp Jackson & Proctor Llmlled- Cli8nt account JM Finn - deposit account Cash In hand 1,104 6,692 279 90.020 244.093 15.500 304 1.084 6.710 1,423 75.170 203,328 33,245 357 992 Page 13