Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## Stokesley Manorial Lands Trust Registered Charity Number 1023299 Annual Report and Financial Accounts For the year ended 31 March 2022 Page 1 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## Contents 1. Administrative Information ....................................................................................... 3 a. Registered Office .................................................................................................... 3 b. Registration with Charity Commission .................................................................. 3 c. Names of Trustees in Year Ended 31 March 2022 ................................................. 3 d. Names of Trustees on the Date of Approval of Annual Report ............................. 3 e. Name of Bankers .................................................................................................... 3 2. Structure, Governance and Management ................................................................. 4 a. Nature of Governing Document............................................................................. 4 b. Recruitment, Appointment and Training of New Trustees ................................... 4 c. Dates of Meetings .................................................................................................. 4 4. Coronavirus (COVID-19) ............................................................................................. 6 5. Achievements and Performance ................................................................................ 6 6. Public Benefit Statement ........................................................................................... 8 7. Risk Management Statement .................................................................................... 8 8. Financial Review ......................................................................................................... 8 a. Review of Year 2021/22 ......................................................................................... 8 b. Reserves Policy ....................................................................................................... 9 9. Plans for Future Periods ........................................................................................... 10 10. Statement of Trustees’ Responsibilities ................................................................ 11 11. Independent Examiner's Report to the Trustees................................................... 13 a. Respective Responsibilities of Trustees and Independent Examiner .................. 13 b. Independent Examiner's Statement .................................................................... 13 12. Statement of Financial Activities for the year ended 31 March 2022 ................... 14 13. Statement of Financial Position for the year ended 31 March 2022 .................... 15 Notes to the Financial Statements Year Ended 31 March 2022 .................................. 16 1. General information............................................................................................. 16 2. Statement of compliance ..................................................................................... 16 3. Accounting policies .............................................................................................. 16 4. Activities for Generating Funds ........................................................................... 18 5. Investment income .............................................................................................. 18 6. Other income ....................................................................................................... 18 7. Investment Management Costs ........................................................................... 19 8. Expenditure on Charitable Activities by Fund Type ............................................. 19 9. Expenditure on Charitable Activities by Activity Type ......................................... 19 10. Net (Losses) / Gains on Investments ................................................................. 19 11. Independent Examination Fees ......................................................................... 19 12. Staff Costs .......................................................................................................... 20 13. Trustee Remuneration and Expenses ................................................................ 20 14. Investments ........................................................................................................ 20 15. Creditors: Amounts Falling Due Within One Year ............................................. 20 16. Analysis of Charitable Funds .............................................................................. 20 17. Analysis of Net Assets Between Funds .............................................................. 21 Management Information ........................................................................................... 21 Page 2 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## **1. Administrative Information** ## _**a. Registered Office**_ The registered office of Stokesley Manorial Lands Trust is the Town Hall, Stokesley, North Yorkshire, TS9 5DG ## _**b. Registration with Charity Commission**_ Stokesley Manorial Lands Trust is registered with the Charity Commission as number 1023299. ## _**c. Names of Trustees in Year Ended 31 March 2022**_ Members of the Managing Committee during the above year were: |Name|Period of Service|Position|Notes| |---|---|---|---| |Graham Sowerby|Full Year|Chairman|Elected| |Mike Canavan|Full Year|Vice Chairman|Elected| |Julie McLuckie|Full Year|Secretary /Treasurer|Ex Officio| |Sean Carey|Full Year||Elected| |David Cook|from 9 November 2021||Co-opted| |Bryn Griffiths|Full Year||Elected| |Chris Johnson|Full Year||Elected| |Nigel Johnson|Full Year||Co-opted| |Katriina Makinen|to 6 January2022||Co-opted| |David Oxley|Full Year||Elected| |Karen Robinson|to 30 November 2021||Elected| |AndyWake|Full Year||Elected| |Mark Wilson|to 2 August 2021||Co-opted| ## _**d. Names of Trustees on the Date of Approval of Annual Report**_ Members of the Managing Committee on the date of approval of the Annual Report were: |were:||| |---|---|---| |Name|Position|Notes| |Graham Sowerby|Chairman|Elected| |AndyWake|Vice Chairman|Elected| |Julie McLuckie|Secretary /Treasurer|Ex Officio| |SallyAtkinson||Co-opted| |Mike Canavan||Elected| |Sean Carey||Elected| |David Cook||Elected| |Bryn Griffiths||Elected| |Chris Johnson||Elected| |Martin Luxton||Co-opted| |David Oxley||Elected| |AudreyScott||Co-opted| ## _**e. Name of Bankers**_ Stokesley Manorial Lands Trust's bankers are HSBC Bank, PO Box 117, 60 Albert Road, Middlesbrough, TS1 1RS Page 3 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## **2. Structure, Governance and Management** ## _**a. Nature of Governing Document**_ The charity was established by a Deed of Trust dated 19[th] July 1919 to Stokesley Parish Council. ## _**b. Recruitment, Appointment and Training of New Trustees**_ All members of Stokesley Town Council[1] serve as trustees of the charity as part of their duties as Town Councillors. The Secretary/Treasurer of the charity is also Clerk to Stokesley Town Council. Trustees serve until the date of the next Town Council election. If a Town Councillor is not re-elected at the time of the next Town Council election or resigns as a Town Councillor, he / she is required to resign as a Trustee of Stokesley Manorial Lands Trust. Candidates standing for election to the Town Council, or who have put themselves forward for co-option, are advised that part of their duties if elected or co-opted would be to serve as Trustees. One of the existing Trustees is identified as mentor to any new Trustee and, along with the secretary, provides guidance and a source to whom queries may be addressed. All new Trustees are provided with a copy of relevant Charity Commission documents including: CC3 – Essential Trustee: What You Need To Know CC15b – Charity Reporting and Accounting: The Essentials Copies of other important documents are also available from the secretary on request and are provided to all Trustees prior to discussions / decisions on specific topics. ## _**c. Dates of Meetings**_ Meetings are routinely held on the first Thursday of each alternate calendar month and are open to the members of the public. Exceptionally additional meetings may be held between the usual bi-monthly meetings if there is urgent business to transact. The annual general meeting of the Trust is held in June each year. With Covid-19 restrictions still in place the April 2021 was held remotely using Zoom. All further meetings through 2021/22 returned to being held as in-person meetings in the Town Hall. > 1 Prior to 1 April 2017 Stokesley Town Council carried the name Stokesley Parish Council Page 4 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## **3. Objectives and Activities** The objectives are to provide an income from activities upon the areas of manorial land within the centre of the town of Stokesley, to use this income to support Stokesley Town Hall Trust, and to maintain the manorial lands and structures built upon them as well as to promote other charitable events for the benefit of the residents of Stokesley. The indenture of 19[th] July 1919 leaving the Manorial Lands in trust to the then Parish Council states that they should be used ‘for the benefit of the Town of Stokesley’. The indenture further states ‘the Donor as Settlor hereby conveys unto the Parish Council …. First all the Wastes or waste ground belonging appertaining or appurtenant to the Manor of Stokesley …. (except such parts thereof as have been heretofore enclosed) within the precincts of the Town of Stokesley as this latter is defined and comprised with the Verge line coloured Yellow marked on the Ordnance Map (coloured Edition) for the Township of Stokesley aforesaid published in the year one thousand eight hundred and ninety four together with all encroachment rents now or hereafter due in respect of the same’. A copy of this map of the lands is held by Stokesley Manorial Lands Trust and is available for inspection on request. ‘Secondly all that market now and heretofore held on the Saturday in each week in the Town of Stokesley aforesaid with the tolls and with all liberties and free customs thereunto belonging and all other the franchises and rights of market and market tolls …. in the said town of Stokesley ... and (so far as still subsisting) all those yearly fairs known as Palmsun and Trinity Fairs held in the said Town or Village on the Saturday before Palm Sunday [and] the Saturday before Trinity Sunday with the tolls thereof and all other (if any) franchises or rights of fair and fair tolls …. exercised or enjoyed by the Donor in the said Town or Village or any part thereof to hold the some unto and to the use of the Parish Council their successors and assigns for ever for the use and benefit of the said Township of Stokesley’ Areas of the ‘wastes or waste grounds’ left in trust have been registered with the Land Registry. A copy of the map of the registered lands is held by Stokesley Manorial Lands Trust and is available for inspection on request. The so-called Manorial Lands include, but are not limited to, areas of West Green, the areas of cobbles along the High Street and Bridge Road, the area of the High Street south of the Town Hall, College Square, land along the banks of the River Leven including the Drying Ground, Leven Wynd, the Jubilee Bridge over the River Leven to the south of Leven Wynd and the road leading south from that footbridge to the sewage pumping station (sometimes known as Cattery Lane). The timings of the markets and fairs referred to in the indenture have changed over the years. The weekly market is now held each Friday. In addition, a Farmers’ Market is now held on the first and third Saturday of each month with an additional Farmers’ market on a Sunday leading up to Christmas. The single annual fair is now held on the Wednesday to Saturday of the week containing the third Thursday in Page 5 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 September, i.e. the week leading up to the day of the Stokesley Agricultural Society annual show. ## **4. Coronavirus (COVID-19)** ## **a) National Restrictions** The third national lockdown, which had been implemented in early January 2021 and remained in place, with the exception of the re-opening of schools, at the start of the financial year. From 12 April 2021 non-essential retail and outdoor venues, including pubs, were allowed to re-open. In mid-May 2021 indoor venues including pubs, restaurants and cinemas were allowed to re-open and all legal limits on social contact were removed with effect from 21 June 2021 ## **b) Impact on the Trust** The revised layouts which had been introduced for both markets, with hand sanitising points provided, remained in place at the start of the financial year and continued through much of the reporting period. Stewards continued to be present to provide guidance and stallholders retained their own safety measures. With the easing of government restrictions non-essential stalls returned to the market from mid-May 2021 and the annual fair returned in September 2021. ## **5. Achievements and Performance** The Friday Market continues to provide a weekly focus of activity on The Plain and draws customers from Stokesley and the surrounding villages into the town centre. The structured outdoor setting provided by the market continued to provide a comfortable shopping environment for attendees. The market was featured in the December 2021 edition of the Market Times, a publication of the National Market Traders Federation. The monthly Farmers’ Market, which started in 2003, continued to thrive following re-opening. The stalls fully occupy The Plain. The market is run by Northern Dales Farmers Market, a not-for-profit social enterprise, where stallholders sell goods that they have been grown or produced locally. It continues to be recognised as one of the most successful and popular Farmers’ Markets in North Yorkshire and the North East, drawing customers from a wide geographical area, in part based on the awards and features that it has achieved over a number of years. It is no coincidence that the Town Hall is hired out to commercial enterprises on this day each month. The popular Christmas Farmers’ Market, now an established feature of the calendar, was again held successfully on the last Sunday before Christmas, supported by events in the Town Hall. The additional Farmers’ Market on the third Saturday of the month, initially held in February and March 2021, became an established event in the calendar, with the exception of August, September and January and was Page 6 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 separately branded as the Northern Dale Makers Market as the financial year progressed. On all other days The Plain routinely provides unlimited free car parking space in the town centre for visiting shoppers, workers in the commercial centre of Stokesley and others. Occasionally, The Plain is used in connection with other events, including the Christmas Lights switch on and late-night opening activities in late November. and the charity cycle ride which is due to return in May 2022. Less formally it is used as a gathering point or stopping off point for a number of car rallies on summer Sundays. The commitment to clear and grit The Plain when it has been adversely affected by severe winter weather on market days remains. This provides an improved environment for the stallholders and improved safety for their customers. Most of the cobbles along the High Street are leased to Hambleton District Council (HDC) through to 2090 and provide the basis for the free disc parking scheme in the Town Centre. The agreement in principle previously secured with HDC for it to fully fund the cost of remediation the leased cobbles to an agreed standard and to surrender the lease remains in place. Formal public consultation was successfully completed in autumn 2022 on the draft Off Street Parking Places Order (OSPPO) prepared by Ward Hadaway LLP, solicitors with considerable experience, on behalf of the Trustees and Stokesley Town Council, and, with the co-operation of HDC, the revocation of the current HDC OSPPO. The new OSPPO covers the areas currently leased to HDC and other areas of Manorial Land in the Town Centre. Discussions were successfully concluded, in principle, on the enforcement by Scarborough Borough Council of the restrictions on the areas of Manorial Land to be covered by the new OSPPO once the lease is surrendered by HDC. With technical input from HDC, the tender process was successfully completed by end February 2022 for the remediation of the cobbles leased to HDC. An initial paper outlining the increased costs resulting from the tender was prepared for a meeting with HDC in early March 2022. Following this meeting HDC requested the formal submission of a paper requesting a grant from HDC to cover the full costs of remediation, including project management and contingencies. This was submitted in mid-March 2022 for consideration at a future HDC Cabinet meeting. The trust continues to seek additional long-term parking spaces close to the town centre which would facilitate the introduction of time-limited free parking on The Plain. The five-year inflation linked lease agreed in August 2017 for the Annual Fair in September concluded with the Fair to be held in September 2021. The Stokesley Levenside Improvement Project, whose scope includes reconstruction of the river wall, provision of the new riverside path, a replacement for the current Golden Lion Mews footbridge, new signage and interpretation panels was granted planning permission by HDC in December 2021. Page 7 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 The decking on areas of Manorial Land has proved popular, particularly during the summer months, with customers of the two hospitality businesses which had secured planning permission prior to granting of licences by the Trust. In Autumn 2021 Northern Powergrid completed the long outstanding project for the undergrounding of cables of cable along Levenside, part of which will include the laying of cable under Manorial Land and for which a wayleave agreement is in place. However, the Trust has been frustrated in attempts to secure meaningful dialogue with BT / Openreach to achieve a similar conclusion for its cables and equipment. ## **6. Public Benefit Statement** The Trustees are confident they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in the exercising of their powers and duties. ## **7. Risk Management Statement** The Trustees consider that they have the right skills and experience to understand financial information, identify and manage risks. On an ongoing basis, the bi-monthly trustee meetings keep track of income and spending against the budget. Strategically the main focuses are the protection of the income streams which come from the two markets and the fair as well as establishing a longer-term expenditure plan covering capital projects to maintain the Manorial Lands and further financial support to Stokesley Town Hall Trust. Actions relating to these two areas are given in more detail in Section 8. ## **8. Financial Review** ## _**a. Review of Year 2021/22**_ Overall income from the markets was £27,319 in 2021/22, an increase of £8,119 as the Friday market recovered from the impact of the Covid-19 restrictions after the first quarter of the financial year and the second monthly market hosted by Northern Dales Farmers Market Ltd continued to be held. The Annual Fair returned in September 2021 after its cancellation by the licensee the previous year. Net income received from the inflation-linked Fair licence, was £10,309 compared with Nil in 2020/21. Income from Leases and Licences increased to £2,660 in 2021/22 from £1,194 in 2020/21. The Trust benefitted from the return to payment of the full value of the Church House lease after the reduction provided in 2020/21 as part of the package of Covid-19 support to hospitality businesses. Additionally, income was received from licences for two areas of decking installed on the High Street by hospitality businesses. The loss of one-off benefit to income in 2020/21 from the signing the new agreement for the electricity supply to the EA cabinet on Levenside meant wayleave Page 8 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 income reduced from £262 to £32 in 2021/22. Turning to other income, in 2020/21 a £10,000 grant was received from the Government Covid-19 support fund and donations in 2021/22 totalled £2,000. Whilst there was only limited expenditure on repairs and maintenance made by the Trust in 2021/22 of £1,368, a further £5,738 was spent on consultancy fees related to the Stokesley Levenside Improvement Programme. Expenditure related to the market decreased to £231 in 2021/22 from £1,593 in 2020/21 and related to the ongoing provision of sanitising consumables. No money transferred to Stokesley Town Hall Trust in the financial year 2021/22, compared with transfers of £9,000 in 2020/21. This is the first time in detailed records dating back to the financial year 1993/94 that no support has been required for the day-to-day operation of the Town Hall and its facilities. The independent examiner for the Trust appointed in 2014/15 remains in place. The examiner’s remit includes reporting on internal controls of the Trust. Any actions identified by and agreed with the independent examiner are implemented by the Trustees. The Reserves Policy of the Trustees is to seek to maintain a minimum total reserves balance of approximately £40,000 across the two trusts at all times. Recognising this objective, the Trustees established in 2017/18 a long-term investment portfolio of approximately this value, the full details of which were given in an earlier annual report. The 31 March 2022 market value of the portfolio recorded an increase of £6,164 over the previous financial year end, as the investments continued to recover from the impact of extraordinary events linked with the Covid-19 pandemic. Income from the portfolio of totalled £1,827 in 2021/22 compared with £1,717 in 2020/21, with bank interest falling to £11 in 2021/22 from £57 in 2020/21. ## _**b. Reserves Policy**_ A formal Reserves Policy, initially adopted by the Trustees on 2 October 2014, remains in place. This is based on Charity Commission guidance, the requirements of charity law and the Charities Commission Statement of Recommended Practice. A summary of the key elements of the policy is provided below. A full copy of the Reserves Policy is available from the treasurer of the Trust. The policy recognises that Stokesley Manorial Lands Trust (SMLT) and Stokesley Town Hall Trust (STHT) share both common trustees and a common objective of enabling the Town Hall to remain as a permanent community facility. In recognition that the governing document for SMLT expressly states the objective to support STHT and that there is no similar statement in STHT governing document that permits the reverse transfer of funds from STHT to SMLT, the overall policy of the Trustees is to hold the majority of the reserves in SMLT. Through the medium to longer term the Town Hall is forecast to continue to suffer an ongoing shortfall of income against expenditure. Further investment will be Page 9 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 required to refurbish both the external structure and the internal fabric of the building. Additionally, the nature of the Manorial Lands and the structures built on them mean that when work is required this involves significant expenditure. Unrestricted reserves of up to approximately £15,000 are required to provide ongoing support to Stokesley Town Hall Trust for approximately one year to fund the anticipated shortfall in income against ongoing expenditure, particularly in the context of increased utility costs. Unrestricted reserves of up to approximately £40,000 are justified for the purpose of future refurbishment of the Town Hall external and internal fabric. This value broadly equates to the level of spend in the recent refurbishment programme. For Stokesley Manorial Lands Trust restricted reserves of at least £60,000 are justified on the basis of funding future major capital schemes. In previous years such capital schemes have included the resurfacing of The Plain, the building of the new Jubilee Bridge, the relaying of the cobbles on Leven Wynd, the resurfacing of the triangle of Manorial Land stretching north from the Masonic Hall, remarking of the parking spaces on College Square and the re-grouting of the cobbles in the Market Cross area. In the coming years it will be necessary to resurface College Square and relay other areas of cobbles that are the responsibility of the Trust. With recent inflation the indicative costs of resurfacing College Square and the other cobbled areas have increased to approximately £80,000. A provisional estimate of circa £200,000 has been made for the potential cost to the Trust of the refurbishment of the leased cobbles. Additional reserves are required to be held prior to any significant development projects, such as the planned Stokesley Levenside Improvement Programme. For Stokesley Manorial Lands Trust unrestricted reserves of up to approximately £25,000 are justified to provide for the ongoing viability of the two trusts against expenditure requirements in addition to those specifically identified above. The Trustees will manage the balances held in each of the above reserves, as income is accrued from the ongoing commercial activities of Stokesley Manorial Lands Trust and donations are made to the Stokesley Town Hall Trust and expenditure made, in the context of the three-year forward plans of each of the trusts. The Trustees will seek to maintain a minimum total reserves balance of approximately £40,000 across the two trusts at all times. The Trustees review this policy at least annually and will decide by resolution at meetings of the trusts on significant changes in the value of reserves held by each trust. The Trustees consider the level of reserves currently held is necessary in order to meet both the current and future expenditure outlined above. ## **9. Plans for Future Periods** The Trustees will continue their efforts to draw to a satisfactory conclusion the dialogue with Hambleton District Council (HDC) to bring about the remediation of Page 10 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 the leased areas of cobbles on the High Street by finalising the terms of the surrender of the lease. Following this a medium-term plan will be developed for the phased work on these cobbles that forms part of the wider repair and refurbishment programme for the cobbled areas that are the responsibility of the Trust. The Town Council, on behalf of the Trustees, will also progress the implementation of the Off Street Parking Places Order (OSPPO) which will cover not only the areas currently leased to HDC but also other areas of Manorial Land in the Town Centre. In tandem, the Town Council, on behalf of the Trustees will also conclude arrangements for the enforcement of the OSPPO. The implications of the Stokesley Town Hall Trust’s forward plans of income and expenditure and the ongoing need for financial support will be incorporated into the forward expenditure plans of the Stokesley Manorial Lands Trust. The Trust will seek to negotiate a further inflation linked medium-term lease for the Annual Fair in September and to resolve the outstanding issues related to the new Environment Agency (EA) cabinet near the Jubilee Bridge. The Trust will continue to seek to secure meaningful dialogue with BT / Openreach in its attempts to secure the undergrounding of its cables and equipment on Levenside in the areas where undergrounding has already implemented by Northern Powergrid. Following the grant of planning permission for the Stokesley Levenside Improvement Project and given the indicative costs of the project, Trustees efforts will now focus on securing further grant funding, in addition to the identified Trust reserves committed to the project, to enable construction to be taken forward. The Trustees will progress the conclusion of appropriate fee-payable licence or lease agreements with an additional two interested parties for further decking to be placed on the cobbles on the High Street, subject to the prior granting of planning permission. Efforts will continue to identify potential additional revenue streams through the use of Manorial Lands and to identify possible sources of grant funding for other improvements of Manorial Land. ## **10. Statement of Trustees’ Responsibilities** The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the financial position of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to: - select suitable accounting policies and then apply them consistently; Page 11 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 12 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## **11. Independent Examiner's Report to the Trustees** The following pages are taken from the Trustees’ Report and Financial Statements document prepared by Mr Graeme Boagey, the Independent Examiner. I report to the trustees on my examination of the financial statements of Stokesley Manorial Lands Trust ('the charity') for the year ended 31 March 2022 ## _**a. Respective Responsibilities of Trustees and Independent Examiner**_ As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity's financial statements 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. ## _**b. Independent Examiner's Statement**_ I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the financial statements do not accord with those records; or 3. the financial statements do 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. Graeme Boagey FCA Independent Examiner 384 Linthorpe Road Middlesbrough TS5 6HA Date: 6 October 2022 Page 13 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## **12. Statement of Financial Activities for the year ended 31 March 2022** |**March 2022**||||| |---|---|---|---|---| |**Item**|**Note**|**2022**||**2021**| |||**Unrestricted**
**Funds**|**Total**
**Funds**|**Total**
**Funds**| |**Income and Endowments**||||| |Activities for GeneratingFunds|4|£42,320|£42,320|£20,656| |Investment Income|5|£1,838|£1,838|£1,774| |Other Income|6|£956|£956|£17,667| |**Total Income**||**£45,114**|**£45,114**|**£40,907**| |||||| |**Expenditure**||||| |Expenditure on Raising Funds:
Investment Management Costs|7|||Nil| |Expenditure on Charitable
Activities|8,9|(£11,559)|(£11,559)|(£45,680)| |**Total Expenditure**||**(£11.559)**|**(£11.559)**|**(£45,680)**| |||||| |Net (Losses) / Gains on
Investments|10|£5,010|£5,010|£3,653| |||||| |**Net Income / (Expenditure) and**
**Net Movement in Funds**||**£38,565**|**£38,565**|**(£1,930)**| |||||| |**Reconciliation of Funds**||||| |Total Funds Brought Forward||£149,297|£149,297|£151,227| |**Total Funds Carried Forward**||**£187,862**|**£187,862**|**£149,297**| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Page 14 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## **13. Statement of Financial Position for the year ended 31 March 2022** |**Item**|**Note**|**2022**|**2021**| |---|---|---|---| |**Fixed Assets**|||| |Investments|15|£53,886|£47,722| |**Total**||£53,886|£47,722| ||||| |**Current Assets**|||| |Cash at Bank and in Hand||£134,846|£102,355| |Creditors: Amounts FallingDue Within One Year|16|(£870)|(£780)| |**Net Current Assets**||**£133,976**|**£101,575**| ||||| |**Total Assets Less Current Liabilities**||**£187,862**|**£149,297**| ||||| |**Net Assets**||**£187,862**|**£149,297**| ||||| |**Funds of the Charity**|||| |Unrestricted Funds||£187,862|£149,297| |**Total Charity Funds**|17|**£187,862**|**£149,297**| ||||| These financial statements were approved by the board of trustees and authorised for issue on 6 October 2022 and are signed on behalf of the board by: ## _G Sowerby_ G Sowerby Chairman of the Trustees / Chairman of the meeting at which the accounts were approved Page 15 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## **Notes to the Financial Statements Year Ended 31 March 2022** ## _**1. General information**_ The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Town Hall, Stokesley, North Yorkshire, TS9 5DG. ## _**2. Statement of compliance**_ These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. ## _**3. Accounting policies**_ ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Disclosure exemptions** The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. - (b) Disclosures in respect of financial instruments have not been presented. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Page 16 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds **.** ## **Incoming resources** All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: • income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. • income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: • expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. • expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. • other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. ## **Investments** Listed investments are measured at fair value with changes in fair value being recognised in profit or loss. Page 17 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## _**4. Activities for Generating Funds**_ ||**Unrestricted**
**Funds 2022**|**Total**
**Funds 2022**|**Unrestricted**
**Funds 2021**|**Total**
**Funds 2021**| |---|---|---|---|---| |**Donations**||||| |Market Rents|£27,319|£27,319|£19,200|£19,200| |Fair (Net of
Related Expenses)|£10,309|£10,309|NiI|Nil| |Leases and
Licences|£2,660|£2,660|£1,194|£1,194| |Wayleaves|£32|£32|£262|£262| |Donations|£2,000|£2,000|Nil|Nil| |**Total**|**£42,320**|**£42,320**|**£20,656**|**£20,656**| ## _**5. Investment income**_ |**_5. Investment_**|**_income_**|||| |---|---|---|---|---| ||**Unrestricted**
**Funds 2022**|**Total**
**Funds 2022**|**Unrestricted**
**Funds 2021**|**Total Funds**
**2021**| |Income from
Listed
Investments|£1,827|£1,827|£1,717|£1,717| |Bank Interest
Receivable|£11|£11|£57|£57| |**Total**|**£1,838**|**£1,838**|**£1,774**|**£1,774**| ## _**6. Other income**_ ||**Unrestricted**
**Funds 2022**|**Total Funds**
**2022**|**Unrestricted**
**Funds 2021**|**Total Funds**
**2021**| |---|---|---|---|---| |Gain on disposal
of tangible fixed
assets held for
charity's own use|**Nil**|**Nil**|**Nil**|**Nil**| |Gain on disposal
of intangible
assets
for charity's own
use|**Nil**|**Nil**|**Nil**|**Nil**| |Other income|**£956**|**£956**|**£17,667**|**£17,667**| |**Total**|**£956**|**£956**|**£17,667**|**£17,667**| Other income represents income of £956 of VAT reclaimed in the year ended 31 March 2022. Other income received during the year ended 31 March 2021 is income of £10,000 from Hambleton District Council for rates, £72 for skip charges and £7,595 of VAT reclaimed. Page 18 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## _**7. Investment Management Costs**_ ||**Unrestricted**
**Funds 2022**|**Total Funds**
**2022**|**Unrestricted**
**Funds 2021**|**Total Funds**
**2021**| |---|---|---|---|---| |**Total**|**Nil**|
**Nil**|**Nil**|**Nil**| ## _**8. Expenditure on Charitable Activities by Fund Type**_ ||**Unrestricted**
**Funds 2022**|**Total**
**Funds**
**2022**|**Unrestricted**
**Funds 2021**|**Total Funds**
**2021**| |---|---|---|---|---| |Direct
Charitable
Expenditure|£4,838|£4,838|£11,002|£11,002| |Support Costs|£6,721|£6,721|£34,678|£34,678| |**Total**|**£11,559**|**£11,559**|**£45,680**|**£45,680**| ## _**9. Expenditure on Charitable Activities by Activity Type**_ ||**Activities**
**Undertaken**
**Directly**|**Support**
**Costs**|**Total Funds 2022**|**Total**
**Funds**
**2021**| |---|---|---|---|---| |Direct Charitable
Expenditure|£4,838|Nil|£4,838|£11,002| |Support Costs|Nil|£6,721|£6,721|£34,678| |**Total**|**£4,838**|**£6,721**|**£11,559**|**£45,680**| ## _**10. Net (Losses) / Gains on Investments**_ ||**Unrestricted**
**Funds 2022**|**Total Funds**
**2022**|**Unrestricted**
**Funds 2021**|**Total Funds**
**2021**| |---|---|---|---|---| |Fair value
adjustment on
listed
investments|£3,922|£3,922|£3,653|
£3,653| |Gains / (Losses)
on Listed
Investments|£1,088|£1,088|Nil|
Nil| |**Total**|**£5,010**|**£5,010**|**£3,653**|
**£3,653**| ## _**11. Independent Examination Fees**_ |**_11. Independent Examination Fees_**||| |---|---|---| ||**2022**|**2021**| |**Fees payable to the independent examiner for:**
**Independent examination of the financial statements**|**£912**|**£780**| Page 19 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## _**12. Staff Costs**_ The Secretary/Treasurer is paid by Stokesley Town Council. There are no employees of Stokesley Manorial Lands Trust during the year ended 31 March 2022 or in the prior year ended 31 March 2021. ## _**13. Trustee Remuneration and Expenses**_ No trustees receive any emoluments (2021: None). ## _**14. Investments**_ |**_14. Investments_**|| |---|---| ||**Listed Investments**| |**Cost or Valuation**|| |At 1 April 2021|£47,722| |Additions|£5,295| |Disposals|(£3,053)| |Fair Value Movements|£3,922| |**At 31 March 2022**|**£53,886**| ||| |**Impairment**|| |At 1 April 2021 and 31 March 2022|| |**Carrying Amount**|| |**At 31 March 2022**|**£53,886**| |**At 31 March 2021**|**£47,722**| All investments shown above are held at valuation. ## **Financial assets held at fair value** Investments held as fixed assets are revalued at mid-market value at the balance sheet date and the gain or loss taken to the statement of financial activities. ## _**15. Creditors: Amounts Falling Due Within One Year**_ ||**2022**|**2021**| |---|---|---| |Trade Creditors|Nil|Nil| |Accruals and Deferred Income|£870|£780| |**Total**|**£870**|**£780**| ## _**16. Analysis of Charitable Funds**_ ## **Unrestricted Funds** ||**At 1 April**
**2021**|**Income**|**Expenditure**|**Gains and**
**Losses**|**At 31**
**March 2022**| |---|---|---|---|---|---| |**General**
**Funds**|**£149,297**|**£45,114**|**(£11,559)**|**£5,010**|**£187,862**| ||**At 1 April**
**2020**|**Income**|**Expenditure**|**Gains and**
**Losses**|**At 31**
**March 2021**| |**General**
**Funds**|**£151,227**|**£40,097**|**(£45.680)**|**£3,653**|**£149,297**| Page 20 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## _**17. Analysis of Net Assets Between Funds**_ ||**Unrestricted**
**Funds 2022**|**Total Funds**
**2022**|**Unrestricted**
**Funds 2021**|**Total Funds**
**2021**| |---|---|---|---|---| |Tangible
Fixed Assets|Nil|Nil|Nil|Nil| |Investments|£53,886|£53,886|£47,722|£47,722| |Current
Assets|£134,846|£134,846|£102,355|£102,355| |Creditors
Less Than
One Year|(£870)|(£870)|(£780)|(£780)| |**Net Assets**|**£187,862**|**£187,862**|**£149,297**|**£149,297**| ## **Management Information** ## **Detailed Statement of Financial Activities Year Ended 31 March 2022** ## **Income and Endowments** |**Income and Endowments**||| |---|---|---| |**Item**|**Year Ending 31**
**March 2022**|**Year Ending 31**
**March 2021**| |Market Rents|£27,319|£19,200| |Fair(Net of Related Expenses)|£10,309|Nil| |Leases and Licenses|£2,660|£1,194| |Wayleaves|£32|£262| |Donations|£2,000|Nil| |**Sum**|**£42,320**|**£20,656**| |Income from Listed Investments|£1,827|£1,717| |Bank Interest Receivable|£11|£57| |**Sum**|**£1,838**|**£1,774**| |**Gains on disposal of tangible fixed**
**assets**|**Nil**|**Nil**| |**Gains on disposal of intangible**
**assets**|**Nil**|**Nil**| |**Other Income**|**£956**|**£17,667**| |**Total Income**|**£45,114**|**£40,097**| Page 21 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2022 ## **Expenditure** |**Item**|**Year Ending 31**
**March 2021**|**Year Ending 31**
**March 2020**| |---|---|---| |Portfolio Management Fees|Nil|Nil| |Rates|(£502)|(£166)| |Rent|Nil|Nil| |Water|Nil|Nil| |||| |Repairs and Maintenance|(£1,368)|(£185)| |Other interest payable and similar
charges|(£23)|Nil| |AccountancyFees|(£960)|(£780)| |ConsultancyFees|(£5,738)|(£33,898)| |||| |Donations|Nil|Nil| |SundryCosts|Nil|(£58)| |Market Expenditure|(£231)|(£1,593)| |Other Interest Payable and Similar
Charges|Nil|Nil| |Grant to StokesleyTown Hall Trust|Nil|(£9,000)| |Grant to StokesleyTown Council|(£2,737)|Nil| |**Total Expenditure**|**(£11,559)**|**(£46,680)**| |**Fair value adjustment on listed**
**investments**|**£3,922**|**£3,653**| |**Gains/(losses) on listed**
**investments**|**£1,088**|**Nil**| |**Net Income/ (Expenditure)**|**£38,565**|**(£1,930)**| Page 22 of 22 CHARITY REGISTrATION NUMBER: 11)23299 Stokesley Manorial Lands Trust Unaudited Financial Statements 31 March 2022 Stokesley Manorlal Lands Trust Financlal Slalomonts Yoar erKled 31 March 2022 Page Trustees. annual report Independent examinÈrfs raport 10 thè irusièès Stalemenl of financial activities Statem8nt of linancial position Not85 to the financial statements The following pages do not torm part ol the Ilnanclal ststaments Detailed statement ol financial activities 13 Stokesley Manorlal Lands Trusl Truslees. Annual Report Year ended 31 March 2022 The trustees present their r8Wrt and the unaudited fina￿la1 statements of the tharily lor the ygar ended 31 Mar¢h 2022. Referenco and admlnislrntlve dotalls Reglstered charlty n•m• Stokesley Manorial Lands Trusr Charlty reglgtratlon number 1023299 Principal offl The Town Hall Stok6$1ey North Yorkshire TS9 5DG Tho trustee9 K Makingn M Wilson D Cook M Canavan S Carey B Griffiths C Johns N Johnson D Oxley K Robinson G Sowerby A Wake IResigned 6 January 20221 IResigned 2 August 20211 IApwnled g November ￿21) (Rgsigwl 29 November 20211 Company #8crètary J ￿Uckle Independent eXan￿￿T Graerne 8oagey. FCA Chipchase Manners 384 LIntho￿& Road Middlesbrough TS5 6HA Structuro. govoman¢e and managefflent The charity was •thbli5hed by Deed ol Trust datad JLAY 1919 by StokesLpy Parish Council Irenarned Stokesley Town Council on 1 Awl 20171 And t)e¢ame a regist*Y charity on 1 July 1993 with the Charity Commission No.. 1023299. The Managing Cornmittea mambers are typ￿allY apF(Jinted on a 4 yearly basss, tAJt Ss dependent on Ihe date ol the Town Council elections. Thes• membars arg also mernbers of Stokesby Town Coun¢il. Committee meetings are held on the second Thursday ol each month. Stokesley Manorial Lands Trust Truslee$' Annual Report I¢oftithwdJ Year ended 31 March 2022 Oblectl¥es and aelSvltl¢a The charity is established to administer the activities ol an area ol land within the centre ol the town of Stokesley, which was bequeathed to Slokesley Town Council in 1919. The (A)jective is to promde an incorne from Ih&5e activities to support the Town Hall Trust as well as prornote other charrtable evenls. The rnajorily ol Manorial Lants are used for ¢ar park ta¢ilities during the week exwt for Friday when an open rnarkel is held and every first Saturday when a Farmers, Market lakes place. Rent is charged to each of the stall holders and the sums raised are provided for the benefit of the Trust. In addition 10 the adiwtiès concerned wilh letting the Manorial Lands. eff¢Jrt is a150 devoted to maintaining the condition of road surfaces, foofvrfays and such structures as are buill upon Ihem which come in the scope of the Manorial Lands. The charily 15 organised as an independent association ol the bcal residents who are appointefj l¥orn Stokesley Town Council extèpl for Ihe SeCretary￿reasUrer who is a150 Ihe Clerk to Slokesley Town Council. Thè activities include the prowsion of the car parking space in the centre ol Slokesley and a weekly market. Annually the Manorial Lands are given to Slokesley Fair wh￿h lasls lor one week during September. Aehh¥tmnts and perlomiance The level ol leltings which i￿lUde the weekly rnarket, Farmers, Market and annual lair receipts is surri¢ienl to provide financial support to the Town Hall Trust when requireil. Flnanclal r8t408w The attac￿￿ financial statements show the current state ol aNairs which th¢ ¢ommitt¢e ¢¢nwder to be sound. The financial statamènts show any Iransler$ Of in¢ome which have been made to the Town Hall Trust. The Covi&19 pandemic has affected tho income of St0kgs1￿ Manorkql Lands Trust. Mathet rents have been adversely aff8et8d. Following Ih8 easiw of the CovkY-19 restriclions income levels have started lo ￿lUrn to pre Covid-19 levels. The trustees, annual report was approved on 7 Jung 2022 8tKJ 8i9ned on txhaw ol the board of trustees by.. A Wake Trustee Stokesley Manorial Lands Twst Independent Examlner's Report to the Truslees ol Slokesley Manorlal Lands Trust Year ended 31 March 2022 I reFort to frus¢ee$ on my examination ot financial statements of Stokesley Manorial Lands Trustllhg charitll for Ihe year eThJed 31 Mar¢h 2022. Respon$lbllltles and basig of report As the trustees ol Ihe chaiity you are responsible for the weparation ol Ihe financial stateff£nts In aC￿rdanCe bwth the requirem&nts of the Charities Acl 2011 Ilhe Ad'l. I report in ￿SpeCt ol my examinarw)n of the charity's financial stalèmènts carrfed out under 88clion 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by Ihe Charity Commission under sectN)n 14515llbl ol the Ael. Ir*Jepèndent examlnerfs stat•m•nt I have ¢x)rnpleted my examinaiK)n. I confirrn that rKJ material matters have come lo my attention In connectM)n wrth Ihe examination gmng me cause to believe that in any matèrial res￿1.. accountiThJ ￿e0rd5 wgre not kept in re6Fecl ol Ihe charity as requyed by sectlon 130 01 thè Aci.. or the financial staiemenls do not accord wrth those records., Qr the financial statements do not cornply with the applicable requirements conceming the lom aThJ C(￿ten1 of accounts set out in the Charities (Accounts and Reports) R£gulations 2008 other than any requirement that the aceounls give a 'tru8 and fair. view which is not a mattèr considered as part ol an independent exarninalion. I havè no wncerns and have come across no other matters in connection wrth Ihe eXa￿natIOn to which attention shoukl be drawn in this report in order to 8nable a propgr under31anding of the account o be reached. Grae Boagey, FCA In￿pendent Examiner Chipchasè Manners 384 Lintho￿￿ Fload Middlesbrough TSS 6HA 7 June 2022 Stokesley Manorial Lands Trust Statement of Flnanclal Actlvltles Year ended 31 March 2022 2tr22 UnrestrKted lund8 T¢)tsl lund$ Total ftjnds 2021 Incom? and endowments Acti¥Aties for generating funds Inv8Strnent incom? Other income 42.320 1,838 956 42.320 1.838 956 20.656 1,774 17,667 Totsl Income 45,114 45,114 40.097 Expendllur• Expenrfiture on charrtatrje activrtias Total •xp8ndiiure 111,5591 111.5591 111,5591 111,5591 145,6801 145,6801 Ngt gains on inveslments S.010 5.010 3,653 Not Incomel{exPendl￿rel and n•t mov8m•nt In fundg 38.565 11,9301 Re¢onclllatlon of funds Total funts brought torward Totsl funds ¢orrlgd lo￿ard 149,297 149,297 151,227 187.862 187.862 149.297 The ststem$nt of financial activities includes all gains and losses recognised in the year. All I￿Orne and expenditure thrive from continuSng actlvftles. Th• not¢s on PAge$ 6 lo 11 form the#effMn¢l•l ￿tern¢fi siokesley Manorial Lands Trust Stalement of Financlal Posltion 31 March 2022 2022 2021 Flxed awts Investments 13 &8,886 47.722 Curreni assets Cash at bath and in hand 134,846 102.355 Credltors: omounts falllng dug wlthln one year Nèt eurrenl ass•ts 14 18701 133,976 17801 101,575 Total a55ets1o99 eurront Ilabllltles Net assèts 187,862 149,297 149,297 187,862 Funds ol the charfty U￿reStr￿ed funds 187.862 149,297 Tot•1 charlty funds 15 187.862 149,297 These finanual statements We￿ approved by the board of trustees and authorised lor issue on 7 June 2022. and a￿ swne(l on behalt of the board by.. Awthe Trustaè Th• notets on p•ge8 6 to 11 l<>rm thBao Ilnllnclwl statemwts Stokesley Manorial Lands Trusl Notes to the Finan¢lal Slatoments Year onded 31 March 2022 General Inlormatlon The charNy is a public benefit enlity and a registered tharily in England and Wates arky 15 unSnCorporat￿t. addres5 of the principal olfice is The Town Hall, Slokesley, North Yorf(shire. TS9 SDG. Statsrnent ol compllanco These financial statements have been prepared in compllancè with FRS 102. Tha Financial ReportiwJ Standard 3pplKabl8 in th8 UK an¢J the Republic ot IreIar￿', the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Financial Reporting Standard aF¥)licabl8 in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Chariti8s Act 2011. Accountlng pollelo9 Basls ol pr•paratlon The financial slalernents have been prepared on the hIs￿rIeal 0)￿ basls. as mcKliNad by the revaluation of ￿rtain financial assets and liatx'lit18s and inve51rnent properties rneasured at fair value through in¢omè or *xpenditur*. The fina￿la1 statements a￿ p￿pared in sterliwJ. which is lunctional eurrtney ol the entity. Golng ¢on¢ern There are no material un¢ertainties abwt the ch8ritls atm'lity lo o)ntinue. Dlgclosur• •xeriWlons The entfty satislitss Ihe Criteria ol being a qualfying entity as defined in FRS 102. As such. vantage has been taken ol the following disclosure exernplions avallablo under paragraph 1.12 of FRS 102.. lal No cash Ibw statement has been presented for the company. Ibl Disclosures in respe￿ ol fina￿la1 instrurngnts hav8 Ilot been pre58ntsd. Judgvmenl¥ and key gources ol estlmatlon uncertalnty Th8 preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amwnls reported. These estimates aThJ judgements are continually reviewed and arts basad on *xperi&nc* and other factor5, including 8xpeciations of Iuiure events that are beI￿Ved to be ieasonable urmjer the cirujmstances. Fund aeeountlng Unrestricted funds ara aVaiL9b￿ for use at the discretion of thè trustees to lurlher any of Ihe charilvs purposès. Designated fuThJs are unrestricted lunds earrnarf(ed by the trustees for particular future proiect or commitment. Restricted fuThY5 are svbjecled lo restrictions on their expenditure declared by the donor or through the terms ol an appeal. and fall into one of two sub-classes.. restricted income lunds or en¢S)wmenl funds. Slokesley Manorial Lands Trusl Notes lo Ihe Flnanclal Ststernenls Year ended 31 March 2022 Accountlng pollcles i¢onthrw¢J Incomlng resourc•s All i￿Orne is included in ihe statement ol financial actlvities when enlitlement has passed to the charity, il is probable that the economic benefit5 associated wilh the transaction wlll Ilow 10 the charity and the arnount can bè rèliably measur￿. The followSng spe(xtfj¢ policies are applied to particular categories of inwrne.. ' in¢x)rne from donations lx grants is recognlsed when ihere is evIder￿e ol entitlement to glft. recei￿ is probable and its amount can bg measured reliably. incom& froffl Ixnlracts lor the supply 01 Selv￿eS is ￿cOgnISed with th8 delivery of the contract8d service. This is classified as Unrestr￿6￿ luntJ5 unless there is a conlraclual requirement lor It to be spent on a partIc￿lar purpose and retumed il unspent. in which casè it rnay be regardèd as reslricled. Resourcas 0x￿n￿ EXpeThyitu￿ is recDgnised on an accruals baws a5 a liaknlily is incurred. ExpeThYilure includes any VAT ¢annol be fully recover8d, and is classified under headings of the $tstement of linanrAal adiwbes lo which it relates-. expanditure on raising funds in¢ludes the cosls of all fundraising activities, events, non4harilable trading activrties, and the sale ol donaied goods. Èxpenditure on charitabl¢ a¢tlvrt￿S indudes all costs incurred by a charity in undertaking activities that further its tharitable ￿rnS lor the benèfil of its berTeficiaries. including those support costs aThJ eost5 relating to Ihe g0Veman￿ of tho ¢harity apportioned to charitable actNities. olher expendrture indudes all expenthtuie that 18 neither related to raisirKJ funds for the tharity nor part of rts expenditure on charitabl* acti￿lIes. All costs are aiocated to expenditure categories ￿fleeting the use of the resource. Direct costs attributable to a single actimly are allocated dIr￿llY to Ihat activity. Shared eosls ara apportion8d behveen the a￿l￿tIeS they contritr￿te to on a reasonable, jus1th.￿e and consistent basis. In¥egtrnenls Listed investments are moa&Jr￿ at lair value with ¢hanges in fair value being recognisad in profrt or loss. siokesley Manorial Lands Trust Noles to the Flnanclal Statements 1c0nrfTh￿dJ Yoor ended 31 March 20¥2 Actlvllla$ for gw¢ratlng funds Unrestricted Total Funds Unrestitted Total Funds Funds 2022 Funds 2021 Donatio Market rents Fair Inel of relaled expenses) Leases arxl licences Wayleaves Donaiions 27,319 10,309 2.660 27,319 10,309 2,660 32 2.000 19.200 19.200 1,194 262 1,194 262 2,000 42,320 42,320 20,656 20,656 Inv0￿M0￿ Incorno Unre5tricled Tolal Funds Unrestricted Total Funds Funds 2022 Funds 2021 Incorne Ircffl listed investmonts Bank interest recewable 1,827 1,827 1,717 57 1,717 57 1.838 1.&38 1,774 1,774 othèr Income Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Other incorne 956 17,667 17.667 Other inwme represants incom8 of £956 of VAT reclairned in Ihe year ended 31 March 2022. Other income receivad during the year ended 31 March 2021 is incorne of £10,000 from Hambleton Disthct Council for rates. £72 skip charges and £7,595 01 VAT reclained. Expondltur8 on ¢hartthblo 8¢llvlll•s by fund type UnrestrKted Total Funds Unre51rK*ed Tolal Funds Funds 2022 Funds 2021 Direct charitable expgndilure Support costs 4.838 6,721 4.838 6.721 11,002 34.678 11,002 34,678 11,559 11,559 45,680 45,680 Stokesley Manorlal Lands Trust Notes to the Financial Statements (¢onth¥•dJ Year ended 31 March 2022 Expendltur• on charitable actlvltl•s by •cttvlty typo Activities undèrtak£n drectly Support Total lunds costs rotal IL#)d 2021 Direct charitable exkwnditure Govemance costs 11,002 34,678 45.680 6,721 6,721 11.559 6.721 Net galn$ on invesknonts Unreslr*led Total Funds UnrestrKled Total Funds Funds 2022 Fun¢J$ 2021 Fair valuo adjustrnent on listed inv851rnentS Gainslllossesl on sale of listed investment 3.922 3.922 3,653 3,653 1.088 1.088 5,010 5.010 3.653 3,653 10. Indep•￿ent exarnlnatlon 2022 2021 Fees payable lo thè independent examiner f￿.. Independent •X8mination ol the financial statements 912 780 11. Staff cos The Secretarytrr8asurer is paid by Stok¥sley Town Cour￿11. Thera Ar8 no ewnployees of Stokesley Manorid Lands Trust durirvJ the year ended 31 March 2022 or fvi th• ￿ar ended 31 March 2021. 12. TN5ts0 r•mun•ratlon and expen909 No trustees rec•lv8 any ernoluments12021 .' NO￿). Slokesley Manorial Lands Trust Notes lo the Flnancial Statements {etsnlNJwd) Year ended 31 March 2022 13. In¥•stm8thts Llsted Inv•stm•nts Cost or valu￿10n Al l April 2021 Addrtions Disposals Fair value movements 47,722 5,295 13.0531 3,922 At 31 March 2022 53,886 lrnp•lmiant At 1 Aprfl 2021 and 31 March 2W22 Carylng arnount At 31 Mareh 2022 S3,886 47,722 At 31 March 2U21 All investrnenls sfv)wn abov• are hekl at valualion. Fln•ncl•l asse¢s held at falr value Investm8nts he￿ as fixed asse15 are revalued al mid-market value at the balance sheet date aThJ the gan or Ioss lak8n lo the slatement of fInar￿JaI activities. 14. Credltors- amounts falling due wllhln one year 2022 2021 Accruals and deferr￿j Inco￿ 870 15. Anal￿1¥ of charlt*Jl• funds Unr￿rIC￿4 lund¥ At Gains and 31 March 20 losses Al 1 Ayil 2021 Incy)me Expenditure General funds 149.297 45.114 111.5591 5.010 187.862 At Gains and 31 March 20 losses 21 At 1 Ppril 2020 Ineom Exp¢nditur$ General fuNIs 151,227 40,097 14s.6801 t49,297 10 Slokesley Manorlal Lands Tru Notss to the Financlal Statements (con Year ended 31 March 2022 16. Analysls ol net ￿etse￿ funds Unrestr￿•d Total Fundg Funds Investments Current assets CreditcKs *ss than 1 year assels $3,886 134,846 18701 187,862 53,886 134,846 18701 187,8&2 Unrestrtl8<1 Total Fund5 Funds 2021 Investm¢nts CU￿nt assets Creditors less Ihan 1 year Net asset8 47.722 102.355 17801 149,297 47.722 102,355 17801 149,297 11 Stokesley Manorlal Lands Trust Managgmonl Inlormatlon Year ended 31 March 2022 Th• lollowlno pges do not lonn part ol th• tlnoneld statem￿1 12 Slokesley Manorlal Lands Trust Detsiled Statement ol Flnanclal Activities Year ended 31 March 2022 2021 Incom8 and ¢ndowments Aetlirytles for generatlng lunds Market rents Far Inel of ￿lated expenses) Leases and lice￿eS Wayleaves Donaiions 27,319 10,209 19,200 1,194 262 2,OCK) 42,320 20.656 Inv•Jtment Income Incom8 from li51ed investments Bank inlerest receivable 1,827 1.717 57 1.838 1.774 Other In¢om• Oth8r in(x)rne 956 17,667 Total income 45,114 40.097 Expendlturn Expendlturè on charttable acllvlll•a Rates armj water Flepalrs and maintena￿e R8pair5 to premises and othor maintenance wotl(s A￿ountancY f8èS Consuhancy lees Other inter8St payable and sirnilar charges Grant to Stoke$￿Y Town Hall Trust Sundry expenses Granls lo Siokesley Town Council Market expenditure 15021 11661 11851 11,3681 19601 IS.7381 1231 17801 133.8981 19,0001 1581 12,7371 I￿1) 111,5591 11.5931 145,6801 Toial ?xpendlturg 111.5591 145.6801 Nel galns on Inveslments Fair value adjustment on listed Invastments Gainslllossesl on 5&e of listed investm&nt 3.¥22 1,088 5.010 3,653 Net incornellexpendStur91 38.565 11,9301 13 CHARITY REGISTrATION NUMBER: 11)23299 Stokesley Manorial Lands Trust Unaudited Financial Statements 31 March 2022 Stokesley Manorlal Lands Trust Financlal Slalomonts Yoar erKled 31 March 2022 Page Trustees. annual report Independent examinÈrfs raport 10 thè irusièès Stalemenl of financial activities Statem8nt of linancial position Not85 to the financial statements The following pages do not torm part ol the Ilnanclal ststaments Detailed statement ol financial activities 13 Stokesley Manorlal Lands Trusl Truslees. Annual Report Year ended 31 March 2022 The trustees present their r8Wrt and the unaudited fina￿la1 statements of the tharily lor the ygar ended 31 Mar¢h 2022. Referenco and admlnislrntlve dotalls Reglstered charlty n•m• Stokesley Manorial Lands Trusr Charlty reglgtratlon number 1023299 Principal offl The Town Hall Stok6$1ey North Yorkshire TS9 5DG Tho trustee9 K Makingn M Wilson D Cook M Canavan S Carey B Griffiths C Johns N Johnson D Oxley K Robinson G Sowerby A Wake IResigned 6 January 20221 IResigned 2 August 20211 IApwnled g November ￿21) (Rgsigwl 29 November 20211 Company #8crètary J ￿Uckle Independent eXan￿￿T Graerne 8oagey. FCA Chipchase Manners 384 LIntho￿& Road Middlesbrough TS5 6HA Structuro. govoman¢e and managefflent The charity was •thbli5hed by Deed ol Trust datad JLAY 1919 by StokesLpy Parish Council Irenarned Stokesley Town Council on 1 Awl 20171 And t)e¢ame a regist*Y charity on 1 July 1993 with the Charity Commission No.. 1023299. The Managing Cornmittea mambers are typ￿allY apF(Jinted on a 4 yearly basss, tAJt Ss dependent on Ihe date ol the Town Council elections. Thes• membars arg also mernbers of Stokesby Town Coun¢il. Committee meetings are held on the second Thursday ol each month. Stokesley Manorial Lands Trust Truslee$' Annual Report I¢oftithwdJ Year ended 31 March 2022 Oblectl¥es and aelSvltl¢a The charity is established to administer the activities ol an area ol land within the centre ol the town of Stokesley, which was bequeathed to Slokesley Town Council in 1919. The (A)jective is to promde an incorne from Ih&5e activities to support the Town Hall Trust as well as prornote other charrtable evenls. The rnajorily ol Manorial Lants are used for ¢ar park ta¢ilities during the week exwt for Friday when an open rnarkel is held and every first Saturday when a Farmers, Market lakes place. Rent is charged to each of the stall holders and the sums raised are provided for the benefit of the Trust. In addition 10 the adiwtiès concerned wilh letting the Manorial Lands. eff¢Jrt is a150 devoted to maintaining the condition of road surfaces, foofvrfays and such structures as are buill upon Ihem which come in the scope of the Manorial Lands. The charily 15 organised as an independent association ol the bcal residents who are appointefj l¥orn Stokesley Town Council extèpl for Ihe SeCretary￿reasUrer who is a150 Ihe Clerk to Slokesley Town Council. Thè activities include the prowsion of the car parking space in the centre ol Slokesley and a weekly market. Annually the Manorial Lands are given to Slokesley Fair wh￿h lasls lor one week during September. Aehh¥tmnts and perlomiance The level ol leltings which i￿lUde the weekly rnarket, Farmers, Market and annual lair receipts is surri¢ienl to provide financial support to the Town Hall Trust when requireil. Flnanclal r8t408w The attac￿￿ financial statements show the current state ol aNairs which th¢ ¢ommitt¢e ¢¢nwder to be sound. The financial statamènts show any Iransler$ Of in¢ome which have been made to the Town Hall Trust. The Covi&19 pandemic has affected tho income of St0kgs1￿ Manorkql Lands Trust. Mathet rents have been adversely aff8et8d. Following Ih8 easiw of the CovkY-19 restriclions income levels have started lo ￿lUrn to pre Covid-19 levels. The trustees, annual report was approved on 7 Jung 2022 8tKJ 8i9ned on txhaw ol the board of trustees by.. A Wake Trustee Stokesley Manorial Lands Twst Independent Examlner's Report to the Truslees ol Slokesley Manorlal Lands Trust Year ended 31 March 2022 I reFort to frus¢ee$ on my examination ot financial statements of Stokesley Manorial Lands Trustllhg charitll for Ihe year eThJed 31 Mar¢h 2022. Respon$lbllltles and basig of report As the trustees ol Ihe chaiity you are responsible for the weparation ol Ihe financial stateff£nts In aC￿rdanCe bwth the requirem&nts of the Charities Acl 2011 Ilhe Ad'l. I report in ￿SpeCt ol my examinarw)n of the charity's financial stalèmènts carrfed out under 88clion 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by Ihe Charity Commission under sectN)n 14515llbl ol the Ael. Ir*Jepèndent examlnerfs stat•m•nt I have ¢x)rnpleted my examinaiK)n. I confirrn that rKJ material matters have come lo my attention In connectM)n wrth Ihe examination gmng me cause to believe that in any matèrial res￿1.. accountiThJ ￿e0rd5 wgre not kept in re6Fecl ol Ihe charity as requyed by sectlon 130 01 thè Aci.. or the financial staiemenls do not accord wrth those records., Qr the financial statements do not cornply with the applicable requirements conceming the lom aThJ C(￿ten1 of accounts set out in the Charities (Accounts and Reports) R£gulations 2008 other than any requirement that the aceounls give a 'tru8 and fair. view which is not a mattèr considered as part ol an independent exarninalion. I havè no wncerns and have come across no other matters in connection wrth Ihe eXa￿natIOn to which attention shoukl be drawn in this report in order to 8nable a propgr under31anding of the account o be reached. Grae Boagey, FCA In￿pendent Examiner Chipchasè Manners 384 Lintho￿￿ Fload Middlesbrough TSS 6HA 7 June 2022 Stokesley Manorial Lands Trust Statement of Flnanclal Actlvltles Year ended 31 March 2022 2tr22 UnrestrKted lund8 T¢)tsl lund$ Total ftjnds 2021 Incom? and endowments Acti¥Aties for generating funds Inv8Strnent incom? Other income 42.320 1,838 956 42.320 1.838 956 20.656 1,774 17,667 Totsl Income 45,114 45,114 40.097 Expendllur• Expenrfiture on charrtatrje activrtias Total •xp8ndiiure 111,5591 111.5591 111,5591 111,5591 145,6801 145,6801 Ngt gains on inveslments S.010 5.010 3,653 Not Incomel{exPendl￿rel and n•t mov8m•nt In fundg 38.565 11,9301 Re¢onclllatlon of funds Total funts brought torward Totsl funds ¢orrlgd lo￿ard 149,297 149,297 151,227 187.862 187.862 149.297 The ststem$nt of financial activities includes all gains and losses recognised in the year. All I￿Orne and expenditure thrive from continuSng actlvftles. Th• not¢s on PAge$ 6 lo 11 form the#effMn¢l•l ￿tern¢fi siokesley Manorial Lands Trust Stalement of Financlal Posltion 31 March 2022 2022 2021 Flxed awts Investments 13 &8,886 47.722 Curreni assets Cash at bath and in hand 134,846 102.355 Credltors: omounts falllng dug wlthln one year Nèt eurrenl ass•ts 14 18701 133,976 17801 101,575 Total a55ets1o99 eurront Ilabllltles Net assèts 187,862 149,297 149,297 187,862 Funds ol the charfty U￿reStr￿ed funds 187.862 149,297 Tot•1 charlty funds 15 187.862 149,297 These finanual statements We￿ approved by the board of trustees and authorised lor issue on 7 June 2022. and a￿ swne(l on behalt of the board by.. Awthe Trustaè Th• notets on p•ge8 6 to 11 l<>rm thBao Ilnllnclwl statemwts Stokesley Manorial Lands Trusl Notes to the Finan¢lal Slatoments Year onded 31 March 2022 General Inlormatlon The charNy is a public benefit enlity and a registered tharily in England and Wates arky 15 unSnCorporat￿t. addres5 of the principal olfice is The Town Hall, Slokesley, North Yorf(shire. TS9 SDG. Statsrnent ol compllanco These financial statements have been prepared in compllancè with FRS 102. Tha Financial ReportiwJ Standard 3pplKabl8 in th8 UK an¢J the Republic ot IreIar￿', the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Financial Reporting Standard aF¥)licabl8 in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Chariti8s Act 2011. Accountlng pollelo9 Basls ol pr•paratlon The financial slalernents have been prepared on the hIs￿rIeal 0)￿ basls. as mcKliNad by the revaluation of ￿rtain financial assets and liatx'lit18s and inve51rnent properties rneasured at fair value through in¢omè or *xpenditur*. The fina￿la1 statements a￿ p￿pared in sterliwJ. which is lunctional eurrtney ol the entity. Golng ¢on¢ern There are no material un¢ertainties abwt the ch8ritls atm'lity lo o)ntinue. Dlgclosur• •xeriWlons The entfty satislitss Ihe Criteria ol being a qualfying entity as defined in FRS 102. As such. vantage has been taken ol the following disclosure exernplions avallablo under paragraph 1.12 of FRS 102.. lal No cash Ibw statement has been presented for the company. Ibl Disclosures in respe￿ ol fina￿la1 instrurngnts hav8 Ilot been pre58ntsd. Judgvmenl¥ and key gources ol estlmatlon uncertalnty Th8 preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amwnls reported. These estimates aThJ judgements are continually reviewed and arts basad on *xperi&nc* and other factor5, including 8xpeciations of Iuiure events that are beI￿Ved to be ieasonable urmjer the cirujmstances. Fund aeeountlng Unrestricted funds ara aVaiL9b￿ for use at the discretion of thè trustees to lurlher any of Ihe charilvs purposès. Designated fuThJs are unrestricted lunds earrnarf(ed by the trustees for particular future proiect or commitment. Restricted fuThY5 are svbjecled lo restrictions on their expenditure declared by the donor or through the terms ol an appeal. and fall into one of two sub-classes.. restricted income lunds or en¢S)wmenl funds. Slokesley Manorial Lands Trusl Notes lo Ihe Flnanclal Ststernenls Year ended 31 March 2022 Accountlng pollcles i¢onthrw¢J Incomlng resourc•s All i￿Orne is included in ihe statement ol financial actlvities when enlitlement has passed to the charity, il is probable that the economic benefit5 associated wilh the transaction wlll Ilow 10 the charity and the arnount can bè rèliably measur￿. The followSng spe(xtfj¢ policies are applied to particular categories of inwrne.. ' in¢x)rne from donations lx grants is recognlsed when ihere is evIder￿e ol entitlement to glft. recei￿ is probable and its amount can bg measured reliably. incom& froffl Ixnlracts lor the supply 01 Selv￿eS is ￿cOgnISed with th8 delivery of the contract8d service. This is classified as Unrestr￿6￿ luntJ5 unless there is a conlraclual requirement lor It to be spent on a partIc￿lar purpose and retumed il unspent. in which casè it rnay be regardèd as reslricled. Resourcas 0x￿n￿ EXpeThyitu￿ is recDgnised on an accruals baws a5 a liaknlily is incurred. ExpeThYilure includes any VAT ¢annol be fully recover8d, and is classified under headings of the $tstement of linanrAal adiwbes lo which it relates-. expanditure on raising funds in¢ludes the cosls of all fundraising activities, events, non4harilable trading activrties, and the sale ol donaied goods. Èxpenditure on charitabl¢ a¢tlvrt￿S indudes all costs incurred by a charity in undertaking activities that further its tharitable ￿rnS lor the benèfil of its berTeficiaries. including those support costs aThJ eost5 relating to Ihe g0Veman￿ of tho ¢harity apportioned to charitable actNities. olher expendrture indudes all expenthtuie that 18 neither related to raisirKJ funds for the tharity nor part of rts expenditure on charitabl* acti￿lIes. All costs are aiocated to expenditure categories ￿fleeting the use of the resource. Direct costs attributable to a single actimly are allocated dIr￿llY to Ihat activity. Shared eosls ara apportion8d behveen the a￿l￿tIeS they contritr￿te to on a reasonable, jus1th.￿e and consistent basis. In¥egtrnenls Listed investments are moa&Jr￿ at lair value with ¢hanges in fair value being recognisad in profrt or loss. siokesley Manorial Lands Trust Noles to the Flnanclal Statements 1c0nrfTh￿dJ Yoor ended 31 March 20¥2 Actlvllla$ for gw¢ratlng funds Unrestricted Total Funds Unrestitted Total Funds Funds 2022 Funds 2021 Donatio Market rents Fair Inel of relaled expenses) Leases arxl licences Wayleaves Donaiions 27,319 10,309 2.660 27,319 10,309 2,660 32 2.000 19.200 19.200 1,194 262 1,194 262 2,000 42,320 42,320 20,656 20,656 Inv0￿M0￿ Incorno Unre5tricled Tolal Funds Unrestricted Total Funds Funds 2022 Funds 2021 Incorne Ircffl listed investmonts Bank interest recewable 1,827 1,827 1,717 57 1,717 57 1.838 1.&38 1,774 1,774 othèr Income Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Other incorne 956 17,667 17.667 Other inwme represants incom8 of £956 of VAT reclairned in Ihe year ended 31 March 2022. Other income receivad during the year ended 31 March 2021 is incorne of £10,000 from Hambleton Disthct Council for rates. £72 skip charges and £7,595 01 VAT reclained. Expondltur8 on ¢hartthblo 8¢llvlll•s by fund type UnrestrKted Total Funds Unre51rK*ed Tolal Funds Funds 2022 Funds 2021 Direct charitable expgndilure Support costs 4.838 6,721 4.838 6.721 11,002 34.678 11,002 34,678 11,559 11,559 45,680 45,680 Stokesley Manorlal Lands Trust Notes to the Financial Statements (¢onth¥•dJ Year ended 31 March 2022 Expendltur• on charitable actlvltl•s by •cttvlty typo Activities undèrtak£n drectly Support Total lunds costs rotal IL#)d 2021 Direct charitable exkwnditure Govemance costs 11,002 34,678 45.680 6,721 6,721 11.559 6.721 Net galn$ on invesknonts Unreslr*led Total Funds UnrestrKled Total Funds Funds 2022 Fun¢J$ 2021 Fair valuo adjustrnent on listed inv851rnentS Gainslllossesl on sale of listed investment 3.922 3.922 3,653 3,653 1.088 1.088 5,010 5.010 3.653 3,653 10. Indep•￿ent exarnlnatlon 2022 2021 Fees payable lo thè independent examiner f￿.. Independent •X8mination ol the financial statements 912 780 11. Staff cos The Secretarytrr8asurer is paid by Stok¥sley Town Cour￿11. Thera Ar8 no ewnployees of Stokesley Manorid Lands Trust durirvJ the year ended 31 March 2022 or fvi th• ￿ar ended 31 March 2021. 12. TN5ts0 r•mun•ratlon and expen909 No trustees rec•lv8 any ernoluments12021 .' NO￿). Slokesley Manorial Lands Trust Notes lo the Flnancial Statements {etsnlNJwd) Year ended 31 March 2022 13. In¥•stm8thts Llsted Inv•stm•nts Cost or valu￿10n Al l April 2021 Addrtions Disposals Fair value movements 47,722 5,295 13.0531 3,922 At 31 March 2022 53,886 lrnp•lmiant At 1 Aprfl 2021 and 31 March 2W22 Carylng arnount At 31 Mareh 2022 S3,886 47,722 At 31 March 2U21 All investrnenls sfv)wn abov• are hekl at valualion. Fln•ncl•l asse¢s held at falr value Investm8nts he￿ as fixed asse15 are revalued al mid-market value at the balance sheet date aThJ the gan or Ioss lak8n lo the slatement of fInar￿JaI activities. 14. Credltors- amounts falling due wllhln one year 2022 2021 Accruals and deferr￿j Inco￿ 870 15. Anal￿1¥ of charlt*Jl• funds Unr￿rIC￿4 lund¥ At Gains and 31 March 20 losses Al 1 Ayil 2021 Incy)me Expenditure General funds 149.297 45.114 111.5591 5.010 187.862 At Gains and 31 March 20 losses 21 At 1 Ppril 2020 Ineom Exp¢nditur$ General fuNIs 151,227 40,097 14s.6801 t49,297 10 Slokesley Manorlal Lands Tru Notss to the Financlal Statements (con Year ended 31 March 2022 16. Analysls ol net ￿etse￿ funds Unrestr￿•d Total Fundg Funds Investments Current assets CreditcKs *ss than 1 year assels $3,886 134,846 18701 187,862 53,886 134,846 18701 187,8&2 Unrestrtl8<1 Total Fund5 Funds 2021 Investm¢nts CU￿nt assets Creditors less Ihan 1 year Net asset8 47.722 102.355 17801 149,297 47.722 102,355 17801 149,297 11 Stokesley Manorlal Lands Trust Managgmonl Inlormatlon Year ended 31 March 2022 Th• lollowlno pges do not lonn part ol th• tlnoneld statem￿1 12 Slokesley Manorlal Lands Trust Detsiled Statement ol Flnanclal Activities Year ended 31 March 2022 2021 Incom8 and ¢ndowments Aetlirytles for generatlng lunds Market rents Far Inel of ￿lated expenses) Leases and lice￿eS Wayleaves Donaiions 27,319 10,209 19,200 1,194 262 2,OCK) 42,320 20.656 Inv•Jtment Income Incom8 from li51ed investments Bank inlerest receivable 1,827 1.717 57 1.838 1.774 Other In¢om• Oth8r in(x)rne 956 17,667 Total income 45,114 40.097 Expendlturn Expendlturè on charttable acllvlll•a Rates armj water Flepalrs and maintena￿e R8pair5 to premises and othor maintenance wotl(s A￿ountancY f8èS Consuhancy lees Other inter8St payable and sirnilar charges Grant to Stoke$￿Y Town Hall Trust Sundry expenses Granls lo Siokesley Town Council Market expenditure 15021 11661 11851 11,3681 19601 IS.7381 1231 17801 133.8981 19,0001 1581 12,7371 I￿1) 111,5591 11.5931 145,6801 Toial ?xpendlturg 111.5591 145.6801 Nel galns on Inveslments Fair value adjustment on listed Invastments Gainslllossesl on 5&e of listed investm&nt 3.¥22 1,088 5.010 3,653 Net incornellexpendStur91 38.565 11,9301 13