Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## Stokesley Manorial Lands Trust
Registered Charity Number 1023299
Annual Report and Financial Accounts For the year ended 31 March 2023
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## Contents
1. Administrative Information ....................................................................................... 3 a. Registered Office .................................................................................................... 3 b. Registration with Charity Commission .................................................................. 3 c. Names of Trustees in Year Ended 31 March 2023 ................................................. 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. Achievements and Performance ................................................................................ 6 5. Public Benefit Statement ........................................................................................... 7 6. Risk Management Statement .................................................................................... 7 7. Financial Review ......................................................................................................... 8 a. Review of Year 2022/23 ......................................................................................... 8 b. Reserves Policy ....................................................................................................... 9 8. Plans for Future Periods ........................................................................................... 10 9. Statement of Trustees’ Responsibilities .................................................................. 11 10. Independent Examiner's Report to the Trustees................................................... 12 a. Respective Responsibilities of Trustees and Independent Examiner .................. 12 b. Independent Examiner's Statement .................................................................... 12 11. Statement of Financial Activities for the year ended 31 March 2023 ................... 13 12. Statement of Financial Position for the year ended 31 March 2023 .................... 14 Notes to the Financial Statements Year Ended 31 March 2023 .................................. 15 1. General information............................................................................................. 15 2. Statement of compliance ..................................................................................... 15 3. Accounting policies .............................................................................................. 15 4. Activities for Generating Funds ........................................................................... 17 5. Investment income .............................................................................................. 17 6. Other income ....................................................................................................... 17 7. Expenditure on Charitable Activities by Fund Type ............................................. 18 8. Expenditure on Charitable Activities by Activity Type ......................................... 18 9. Net (Losses) / Gains on Investments ................................................................... 18 10. Independent Examination Fees ......................................................................... 18 11. Staff Costs .......................................................................................................... 19 12. Trustee Remuneration and Expenses ................................................................ 19 13. Investments ........................................................................................................ 19 14. Creditors: Amounts Falling Due Within One Year ............................................. 19 15. Analysis of Charitable Funds .............................................................................. 19 16. Analysis of Net Assets Between Funds .............................................................. 20 Management Information ........................................................................................... 20
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## **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 2023**_
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 to 14 June 2022|Elected|
|AndyWake|Full Year|Vice Chairman from 14 June 2022|Elected|
|Julie McLuckie|Full Year|Secretary /Treasurer|Ex Officio|
|SallyAtkinson|from 14 June 2022||Co-opted|
|Sean Carey|to 9 May2022/from 14|June 2022|Elected/Co-opted|
|David Cook|Full Year||Elected|
|Bryn Griffiths|Full Year||Elected|
|Chris Johnson|Full Year||Elected|
|Nigel Johnson|to 9 May2022||Co-opted|
|Martin Luxton|from 12 July2022||Co-opted|
|David Oxley|Full Year||Elected|
|AudreyScott|from 14 June 2022||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|
|AndyWake|Chairman|Elected|
|Graham Sowerby|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
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## **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 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.
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## **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
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
September, i.e. the week leading up to the day of the Stokesley Agricultural Society annual show.
## **4. 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. Data provided by the former Hambleton District Council / North Yorkshire Council indicates that, on average, footfall in the town centre is higher on Friday than any other day of the week.
The monthly Farmers’ Market, which started in 2003, continues to thrive. The stalls fully occupy The Plain. The market is run by Northern Dales Farmers Market, a notfor-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. 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 Northern Makers’ Market, the additional Farmers’ Market on the third Saturday of the month continues as an established event in the calendar, apart from September and December. It is no coincidence that the Town Hall is hired out to commercial enterprises on each day that a Farmers’ Market is held on The Plain.
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 Stokesley Sparkle, which incorporates the Christmas Lights switch on and late-night opening activities in late November, and the annual charity cycle ride. 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. Despite the earlier agreement in principle secured with HDC for it to fully fund the cost of remediation the leased cobbles to an agreed standard and to surrender the lease and the completion in autumn 2021 of the formal public consultation, with the co-operation of HDC, on a new draft Off Street Parking Places Order (OSPPO) on behalf of the Trustees and Stokesley Town Council, including the revocation of the HDC OSPPO, HDC formally withdrew its grant offer in October 2022 for ‘remedial works on the cobbles because of lack of progress’ which was linked
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
with the surrender of the lease by HDC. HDC then advised that it would draw up a costed programme of permanent repairs to the cobbles to be undertaken by HDC.
Subsequently HDC completed a further tender exercise, which was based on an outdated condition survey, and awarded the contract to the same contractor previously identified as preferred bidder by the Town Council / Trustees. Ironically, the remedial work only commenced in April 2023, after the demise of HDC and the establishment of the new unitary authority North Yorkshire Council.
A new five-year inflation-linked licence, with ceiling and floor limits, was agreed with the operator of the Fair in early September 2022.
The scope of the Levenside Footpath Improvement Project was reviewed with the appointed contractor. It was concluded that the provision of the new riverside path was not dependent on the reconstruction of the river wall. In response to concerns expressed by residents it was decided to exclude replacement of the Golden Lion Mews footbridge from the current phase of work. Work on the first new length of the footpath commenced in March 2023. Progress was also made on the developing the written and photographic content of the interpretation panels to be installed on Levenside and other Manorial Land locations.
The decking on areas of Manorial Land continues to prove popular with customers, particularly during the summer months, and now covers four hospitality businesses.
The Trust continued to be frustrated in attempts to secure meaningful dialogue with BT / Openreach to achieve the undergrounding of its cables and equipment along Levenside.
## **5. 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.
## **6. 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 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 7.
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## **7. Financial Review**
## _**a. Review of Year 2022/23**_
Overall income from the markets was £20,203 in 2022/23, a decrease of £7,116 following the ‘miserable months’ initiative. This initiative aimed to increase the number of stalls attending the Friday market through the quieter winter period by providing free stallage for those stall holders who attended the market each week in the period November 2022 to March 2023. Most, but not all, regular attendees took up this offer with the anticipated consequent reduction in Friday market income during the period. The income from the monthly Farmers’ markets and Makers’ markets was little changed from the previous year.
The Annual Fair in September 2022 generated net income of £11,228, up from £10,309 in the previous year. Income from Leases and Licences increased to £6,177 in 2022/23 from £2,660 in 2021/22. Wayleave income increased to £6,554 in 2022/23 from £32 in 2021/22. The Trust benefitted one-off payments relating to a property on College Square and from Zzoomm to cover the installation full-fibre broadband cables on the Trust’s land plus an initial payment from Northern Powergrid. Additionally, income was received from licences for a further two areas of decking installed on the High Street by hospitality businesses.
Turning to other income, donations in 2021/22 totalled £2,000 but fell to Nil in 2022/23. Offsetting this, grants totalling £32,000 were received in late 2022/23 from Hambleton District Council and North Yorkshire County Council in advance of work starting on the Levenside Footpath Improvement Project.
Compared with expenditure of £5,738 in 2021/22 on consultancy fees related to Levenside Footpath Improvement Project, £6,916 was spent in 2022/23 and covered the repainting of parking spaces at the western end of the High Street, the provision of an additional length of birdsmouth fencing along Levenside and the initial payment for the information panels to be installed on Manorial Land No market related expenditure was made in 2022/23 compared with £231 in 2021/22.
For the second successive year no money transferred to Stokesley Town Hall Trust in the financial year 2022/23. Checking detailed records dating back to the financial year 1993/94, the last two-year period is the first time 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
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
approximately this value, the full details of which were given in an earlier annual report. The 31 March 2023 market value of the portfolio recorded a decrease of £10,622 over the previous financial year compared with a gain of £6,164 over the previous financial year end, negatively impacted early in the year by Russia’s invasion of Ukraine and, subsequently, the political turmoil in the UK and the increase in interest rates. Income from the portfolio totalled £2,034 in 2022/23 compared with £1,827 in 2021/22, with bank interest increasing to £626 in 2022/23 from £11 in 2021/22.
## _**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 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
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
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.
## **8. Plans for Future Periods**
Following the decision by Hambleton District Council (HDC) to retain the lease for the disc parking areas on the High Street and undertake the remediation of the leased areas of cobbles, the Trustees will monitor the standard of each phase of the works as it is completed by the contractor who is now be working on behalf of the new unitary authority, North Yorkshire Council., The Trustees will develop a plan to co-ordinate refurbishment of the cobbles that are the responsibility of the Trust with the work on the adjacent leased areas.
The Town Council, on behalf of the Trustees, will also progress the revision and subsequent implementation of the previous draft Off Street Parking Places Order (OSPPO) which will now cover only the areas of Manorial Land in the Town Centre which are used for parking that are not covered by the existing HDC lease and OSPPO. In tandem, the Town Council, on behalf of the Trustees will also conclude arrangements for the enforcement of the OSPPO by North Yorkshire Council, based on the earlier agreements, in principle, with Scarborough Borough Council.
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 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.
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
The Trust will seek 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.
The Trustees will continue monitor the Levenside Footpath Improvement Project through to planned completion in 2023/24.
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.
## **9. 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;
- 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.
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## **10. 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 2023
## _**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: 3 August 2023
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## **11. Statement of Financial Activities for the year ended 31**
## **March 2023**
|**March 2023**|||||
|---|---|---|---|---|
|**Item**|**Note**|**2023**||**2022**|
|||**Unrestricted**
**Funds**|**Total**
**Funds**|**Total**
**Funds**|
|**Income and Endowments**|||||
|Activities for GeneratingFunds|4|£76,162|£76,162|£42,320|
|Investment Income|5|£2,660|£2,660|£1,838|
|Other Income|6|£71|£71|£956|
|**Total Income**||**£78,893**|**£78,893**|**£45,114**|
||||||
|**Expenditure**|||||
|Expenditure on Charitable
Activities||(£8,608)|(£8,608)|(£11,559)|
|**Total Expenditure**||**(£8,608)**|**(£8,608)**|**(£11.559)**|
||||||
|Net (Losses) / Gains on
Investments|9|(£12,299)|(£12,299)|£5,010|
||||||
|**Net Income / (Expenditure) and**
**Net Movement in Funds**||**£57,986**|**£57,986**|**£38,565**|
||||||
|**Reconciliation of Funds**|||||
|Total Funds Brought Forward||£187,862|£187,862|£149,297|
|**Total Funds Carried Forward**||**£245,848**|**£245,848**|**£187,862**|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## **12. Statement of Financial Position for the year ended 31 March 2023**
|**Item**|**Note**|**2023**|**2022**|
|---|---|---|---|
|**Fixed Assets**||||
|Investments|13|£43,264|£53,886|
|**Total**||£43,264|£53,886|
|||||
|**Current Assets**||||
|Cash at Bank and in Hand||£203,496|£134,846|
|Creditors: Amounts FallingDue Within One Year|14|(£912)|(£870)|
|**Net Current Assets**||**£202,584**|**£133,976**|
|||||
|**Total Assets Less Current Liabilities**||**£245,848**|**£187,862**|
|||||
|**Net Assets**||**£245,848**|**£187,862**|
|||||
|**Funds of the Charity**||||
|Unrestricted Funds||£245,848|£187,862|
|**Total Charity Funds**|15|**£245,848**|**£187,862**|
|||||
These financial statements were approved by the board of trustees and authorised for issue on 3 August 2023 and are signed on behalf of the board by:
## _G Sowerby_
G Sowerby
Chairman of the meeting at which the accounts were approved
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## **Notes to the Financial Statements Year Ended 31 March 2023**
## _**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.
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Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
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 16 of 21
Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## _**4. Activities for Generating Funds**_
||**Unrestricted**
**Funds 2023**|**Total**
**Funds 2023**|**Unrestricted**
**Funds 2022**|**Total**
**Funds 2022**|
|---|---|---|---|---|
|**Donations**|||||
|Market Rents|£20,203|£20,203|£27,319|£27,319|
|Fair (Net of
Related Expenses)|£11,228|£11,228|£10,309|£10,309|
|Leases and
Licences|£6,177|£6,177|£2,660|£2,660|
|Wayleaves|£6,554|£6,554|£32|£32|
|Donations|Nil|Nil|£2,000|£2,000|
|Grants|£32,000|£32,000|Nil|Nil|
|**Total**|**£76,162**|**£76,162**|**£42,320**|**£42,320**|
## _**5. Investment income**_
||**Unrestricted**
**Funds 2023**|**Total**
**Funds 2023**|**Unrestricted**
**Funds 2022**|**Total Funds**
**2022**|
|---|---|---|---|---|
|Income from
Listed
Investments|£2,034|£2,034|£1,827|£1,827|
|Bank Interest
Receivable|£626|£626|£11|£11|
|**Total**|**£2,660**|**£2,660**|**£1,838**|**£1,838**|
## _**6. Other income**_
||**Unrestricted**
**Funds 2023**|**Total Funds**
**2023**|**Unrestricted**
**Funds 2022**|**Total Funds**
**2022**|
|---|---|---|---|---|
|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|£71|£71|£956|£956|
|**Total**|**£71**|**£71**|**£956**|**£956**|
Other income represents income of £71 of skip charges in the year ended 31 March 2023. Other income received during the year ended 31 March 2022 is income of £956 of VAT reclaimed.
Page 17 of 21
Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## _**7. Expenditure on Charitable Activities by Fund Type**_
||**Unrestricted**
**Funds 2023**|**Total**
**Funds**
**2023**|**Unrestricted**
**Funds 2022**|**Total Funds**
**2022**|
|---|---|---|---|---|
|Direct
Charitable
Expenditure|£7,562|£7,562|£4,838|£4,838|
|Support Costs|£1,046|£1,046|£6,721|£6,721|
|**Total**|**£8,608**|**£8,608**|**£11,559**|**£11,559**|
## _**8. Expenditure on Charitable Activities by Activity Type**_
||**Activities**
**Undertaken**
**Directly 2023**|**Support**
**Costs**
**2023**|**Total Funds**
**2023**|**Total Funds**
**2022**|
|---|---|---|---|---|
|Direct Charitable
Expenditure|£7,562|Nil|£7,562|£4,838|
|Governance
Costs|Nil|£1,046|£1,046|£6,721|
|**Total**|**£7,562**|**£1,046**|**£8,608**|**£11,559**|
## _**9. Net (Losses) / Gains on Investments**_
||**Unrestricted**
**Funds 2023**|**Total Funds**
**2023**|**Unrestricted**
**Funds 2022**|**Total Funds**
**2022**|
|---|---|---|---|---|
|Fair value
adjustment on
listed
investments|(£12,299)|(£12,299)|£3,922|£3,922|
|Gains /
(Losses) on
Listed
Investments|Nil|Nil|£1,088|£1,088|
|**Total**|**(£12,299)**|**(£12,299)**|**£5,010**|**£5,010**|
## _**10. Independent Examination Fees**_
|**_10. Independent Examination Fees_**|||
|---|---|---|
||**2023**|**2022**|
|**Fees payable to the independent examiner for:**
**Independent examination of the financial statements**|**£912**|**£912**|
Page 18 of 21
Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## _**11. 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 2023 or in the prior year ended 31 March 2022.
## _**12. Trustee Remuneration and Expenses**_
No trustees receive any emoluments (2022: None).
## _**13. Investments**_
|**_13. Investments_**||
|---|---|
||**Listed Investments**|
|**Cost or Valuation**||
|At 1 April 2021|£53,886|
|Additions|£1,677|
|Disposals|Nil|
|Fair Value Movements|(£12,299)|
|**At 31 March 2022**|**£43,264**|
|||
|**Impairment**||
|At 1 April 2021 and 31 March 2022||
|**Carrying Amount**||
|**At 31 March 2022**|**£43,264**|
|**At 31 March 2021**|**£53,886**|
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.
## _**14. Creditors: Amounts Falling Due Within One Year**_
||**2023**|**2022**|
|---|---|---|
|Trade Creditors|Nil|Nil|
|Accruals and Deferred Income|£912|£870|
|**Total**|**£912**|**£870**|
## _**15. Analysis of Charitable Funds**_
## **Unrestricted Funds**
||**At 1 April**
**2022**|**Income**|**Expenditure**|**Gains and**
**Losses**|**At 31**
**March 2023**|
|---|---|---|---|---|---|
|**General**
**Funds**|**£187,862**|**£78,893**|**(£8,608)**|**(£12,299)**|**£245,848**|
||**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**|
Page 19 of 21
Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## _**16. Analysis of Net Assets Between Funds**_
||**Unrestricted**
**Funds 2023**|**Total Funds**
**2023**|**Unrestricted**
**Funds 2022**|**Total Funds**
**2022**|
|---|---|---|---|---|
|Tangible
Fixed Assets|Nil|Nil|Nil|Nil|
|Investments|£43,264|£43,264|£53,886|£53,886|
|Current
Assets|£203,496|£203,496|£134,846|£134,846|
|Creditors
Less Than
One Year|(£912)|(£912)|(£870)|(£870)|
|**Net Assets**|**£245,848**|**£245,848**|**£187,862**|**£187,862**|
## **Management Information**
## **Detailed Statement of Financial Activities Year Ended 31 March 2023**
## **Income and Endowments**
|**Item**|**Year Ending 31**
**March 2023**|**Year Ending 31**
**March 2022**|
|---|---|---|
|Market Rents|£20,203|£27,319|
|Fair(Net of Related Expenses)|£11,228|£10,309|
|Leases and Licenses|£6,177|£2,660|
|Wayleaves|£6,554|£32|
|Donations|Nil|£2,000|
|Grants|£32,000|Nil|
|**Sum**|**£76,162**|**£42,320**|
|Income from Listed Investments|£2,034|£1,827|
|Bank Interest Receivable|£626|£11|
|**Sum**|**£2,660**|**£1,838**|
|**Gains on disposal of tangible fixed**
**assets**|**Nil**|**Nil**|
|**Gains on disposal of intangible**
**assets**|**Nil**|**Nil**|
|**Other Income**|**£71**|**£956**|
|**Total Income**|**£78,793**|**£45,114**|
Page 20 of 21
Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2023
## **Expenditure**
|**Item**|**Year Ending 31**
**March 2023**|**Year Ending 31**
**March 2022**|
|---|---|---|
|Portfolio Management Fees|Nil|Nil|
|Rates|(£646)|(£502)|
|Rent|Nil|Nil|
|Water|Nil|Nil|
||||
|Repairs and Maintenance|(£6,916)|(£1,368)|
|Other interest payable and similar
charges|(£92)|(£23)|
|AccountancyFees|(£954)|(£960)|
|ConsultancyFees|Nil|(£5,738)|
||||
|Donations|Nil|Nil|
|SundryCosts|Nil|Nil|
|Market Expenditure|Nil|(£231)|
|Other Interest Payable and Similar
Charges|Nil|Nil|
|Grant to StokesleyTown Hall Trust|Nil|Nil|
|Grant to StokesleyTown Council|(Nil|(£2,737)|
|**Total Expenditure**|**(£8,608)**|**(£11,559)**|
|**Fair value adjustment on listed**
**investments**|**(£12,299)**|**£3,922**|
|**Gains/(losses) on listed**
**investments**|**£Nil**|**£1,088**|
|**Net Income/ (Expenditure)**|**£57,986**|**£38,565**|
Page 21 of 21
CHARITY REOISTRATION NUIIBai: 1023299
Stokesley Manorial Lands Trust
Unaudited Flnanclal Statements
31 March 2023
Stokesl8y Manorfal Lands Trust
Flnanclal Statemonts
Yèar ended 31 March 2023
Page
Trustees, annual report
Independent examinef8 report to the trustees
stgternent of finandal activilles
Statement of financlal p081tlon
Not8S to the fjnandal 8tatements
The followlng pages do not form part of th• financlal 8tatoments
Det8lled statement of financlal actlvlties
12
Notes to the detalled staternent of flnanclal acllvltle8
13
Stokesley Manorial Lands Trust
Tyustaes, Annual Report
Year endod 31 March 2023
The InJste83 present Iheir reF<#1 •nd the unaudited finandal statements of the charity for th6 year
endad 31 MarL* 2023.
ft•tsr•n and admlnl8tratlv• d•tall•
R•gl8ter•d Gharlty name
Sloko818y Manorfal Lands Trust
Ch4rlty reglBtralk¥n numb•r
1023299
PrlnclpAI ofAre
Th& Town H811
Stok?sley
North YNk8h*e
TS9 6DG
Th• tru•t•••
S Alkln$on
M Cgnav•n
IApOnl•d 14 Juno 20221
(Re8lgn&J 9 May 2022,
AFS)olnt8d 14 June 20221
S P CArey
D C¢)ok
B Grlffith8
C John¥on
N JOhnn
M Luxton
D Oxloy
A Scott
G sothY
A Wak8
{Reslgned g May 2022)
(Appolntod 12 July 20221
IAppolnt•d 14 Jung 21Y221
Comp•ny g•¢r•t•ry
J M¢Lu¢kb•
lThd•p•nd*nt •x•mln•r
Graeme Boagey, FCA
Chlp¢h•se Mann8fB
384 Llnthorpa Road
Mlddl88brough
rs5 6HA
Strudur•. gov•rn•nrA and m•n¥g•rn•nl
Tho charity was establlshod by 08ad of Tw81 dated July 1919 by Stokesby Parlsh Councll {rwarned
Sloke81oy Town Coundl r)n 1 ApTII 20171 and became a r8gi5twed tharity on 1 July 1993 wilh tho
Charity Commlsslon No: 1023299.
The Man8glnu Commlttee membèr8 typkaly appolntod on a 4 yearfy bas, bLrt Is d8pandent on
the date of the Town Council elections. These membgrs ar¢ also mernbm of Stoke8ley Town
Councll. Committee meellngs gre held on the flrsl Thursday of ea¢h month.
Stokesley Manorial Land5 Trust
Trustees. Annual Report {coniinu•dl
Year ended 31 March 2023
Obl•¢tlvq¥ and actSvlil•s
The charlly is 88tabllsh8d to ?drnln15tor the acUvlU•B of 8n area of land wthin the cèntre of the town of
stokesley, which was bequeathed lo Slok8sley Town Coundl In 1919. The objecte19 to provldo an
In¢oma from these gcUvlllg5 to support the Town Hall Trust as well as promote other charitable ents.
Th8 malorlty of Manorlal Lands are u6*Y foi ¢ar parf¢ fadllues durlng lh• w•ok ewpt frf Frfday when
an open market is hèld and each first and third Saturday when, respectively Farner8' MaetS ond
M88kers' Markets t8ke p18C8. Rent Is ch8rg8d io each of the ¥tsll hol¢JeT5 and tho surns raised ar8
provijed for the bèneflt of tho Tw51. In addllion lo the actlvlties conc8mod with lettlng the Manorial
Lands. gflort Is also devoted to maSntaining the conditson of ro8d Surfa$. fooLway8 gnd Such
$tru¢tures as aro built them whl¢h Come In tho scope oftha Manorfèl Lands.
Tho ch4rlly18 organlaéd a8 Bn Indèp•ndent 8880cSatbn of th? bcal re8ld8nt8 who are appolnled Irom
Stokaslgy Town Coun¢ll Qxeapt lor tho secretaryreasUrer vtho 15 also the Clèrk to Stoke51ey Town
Councll. Thq a¢llvlll¢$ Include th& provl$lon of the Cai parklng space In the oenlro of Stokasley 8nd
weekly market. Annu811y th8 Manodal Lands are glven to Stok8818y FaSr whlch latsts for on8 wa8k
during September.
Achl•vernents and p•rlorm•nc•
Tho level ol lettlngs whlch Include the wèèkty rnarkot, Famern, Mark8t and annual la5r rtt•lot$ I
$ufficl8nt to provlda flnanclal support to lh8 Town Hall Trust when reqred.
Flfi•ncl•l rnvl•w
Thè $tt•¢h¢d fIn¢1¢1 st#tom•nts Ihe curronl 81gb of affakB whleh the commltteg ¢on¥lder lo ba
nd. The flnancl81 Btatom8nl8 Show any tr8nsf&r8 of IncNn8 whlth have be$n m8d• to the Town
Hall Tfu¥L
The Tfugleej opte(S lo support the Market Tradwg ovèr thè vAnt8r months offerfng thom rMI fre
pllch83 bgtween November to Marth lor Ihdr altend¥nce •v8ry weok. Thls meant th• market was
wo11 aitendgd over tho vhnter wlth m08t Stall hoklers signlng up to thls aLv88ment
The lrusle85' annual repcrt waB approved on 44* 20Z3 and 9rd on behall ol the bo8rd of
trustee8 by..
A Wako
Trustee
Stokesley Manorlal Lands Trust
Indapendent Examlner's Report to the Tru8te88 of Stoke81ey Manorlal Lands
Trust
Year 8nded 31 March 2023
I rèport to the trusl8•5 on my examinallon of the Itnancl81 stst¢ments of st0keY M8norlal Lands
TTUSt (Yhe ch8rity'l for th8 year ended 31 M8r¢h 2023.
Rgsponglbllltles and bash of r•port
A6 the trusLe•8 of the charfty you gre SponsIble lor Ihe prep8faUon of the financl81 statsmwts In
a¢¢ordanc? wlth the requlmm•nts Charitie8 Ad 2011 Ilhe Ael'l.
I report in respect of my axamSnalion ol the charlly's Ilnanclal statemants carfed oul under sadon 145
of thè 2011 Act and In eÈrrylng out my examination I hav& follwed &ll the applkat40 Dlreclion¥ glven
by tha Charlty C¢)mml8slon under 6ecllon 144SXbl of the Act.
Ind•p•ndonl •xamln•rf• •t•t•m•nt
I h0 cc4npl6lod my examlnauon, I conflmi that no mater181 mottars h8ve come to my attenlknn In
connactlon wlth the examlnatlon glvlng me cau to bdknv• that In *ny matorlal rospart
accounlng r¢¢or¢l8 w•r• nol kept In reSpt of the charfly a8 r•qulr•d by 88¢tlon 130 of thè
Acl., or
the ffinanclal stslemènl8 do not a01 wlth Ihu8e records., or
the flnanclal statem8nl$ do not C¢)mply th Ihe appllcable rgqulremgnts Qoncornlng the
fom End contant d a¢¢ounl8 8et 1 In the Charill&s lAcents and R8portsl R8gulBlions
2008 olh•r than any reqUir¢mt IhAI the accoun18 give 4 Yrul and ta tsW whlch 1$ not
matter CGfflsklered as part of¥n Ind8pendent oxamlnatlon.
I hgv• no con¢em8 and hav• Gome acro8¥ ollw mthtter8 In connoOn wllh th• •xamln•Uon to
whlch attenllon should bg drawn In th1$ report In ord¢r lo enobl• a proper und•w#tsndlng of the
8¢counts t be reachad.
Graome 808gey, FCA
Independent Examlngr
Chlp¢ha$• M•nners
384 Llnthorp& Rojd
Mlddlesbrough
TS5 6HA
2023
stokesley Manorlal Lands Trust
statemant of Financlal ktlvlti•s
Yéar ended 31 March 2023
2023
Unrgstrfctod
fvnds Total funds Tolal fdS
2022
Incomo #nd •ndowm•nts
Actlvllles fry oenerallng fiJnd8
Invo8tment Income
Other incom•
78.162
2.860
71
78,162
2.680
71
42,320
1.838
958
Tot•1 Incam•
78.893
78.893
45.114
Exp•ndliur•
Expendllure on Charbtsble acUvlU•8
Tot•1 oxp•ndhur•
(8.6081
(B,808)
{8.808)
(8.808)
111,5591
111,559)
N•l11088•¥ygaln$ on InvestfnonlB
112,2991
(112091
5,010
N•1 Incom• and n•t mov•m•nt In fundB
57,986
57,988
38.S85
R•¢onGlll•tlon olfibndj
Total lundB brought forward
Tot•1 fund• c•rrl•d foThv•rd
187,882
245,848
187,882
245,848
149,297
187,882
Tho $t¥temenl of tlnan¢l81 ac16vlUe$ In¢hJde8 all galn8 and loases recognl88(I In th• yew.
All Income and expèndllure derlve from conlinulng 4CUvlll.
The not•* on pag 6 to 10fomi p•rt ol thosofinancl81 •l•t•m•nts.
Stokesley Manorlal Lands Trust
Statement of Flnanclal Posltion
31 March 2023
2023
2022
Flx•d Assèts
Invasiments
13
43,204
53.886
Current a$s•l•
Cash at bank and in hand
203,490
134.846
Cr•dltorg: amounts falllng due wtthln on• y•ar
N•1 ourr•nt a•••ts
14
(912
202.584
1870)
133,976
187,882
Totsl u••t•1•8• curr•nl labllltl
245.848
M•t **vts
245.848
187,882
Fund* af th• charlty
lthr68tr*tertl fund8
245.848
245,848
187,882
Total tharlty lund•
10
187,862
Th•8• flnBnclal Btslement8 w•r• *pprov8d by Iho boerd ol trustees arKJ auihorl3¢d for19sue on •*
y 2023. and •M S19n on behalf olthe l)oard by:
3 ¢XIr
APL)L
A Wake
TnJsts8
Th• notqs gn pagu 6 to 10 partolth••• ffnanclal ¥lat•m¢nt¥.
Stokosley Manorial Lands Trust
Notos to the Financial Statoments
Year ended 31 March 2023
Genèral Inforrnatlon
Th8 charfty 18 a publi¢ bengflt antlly and a reg15terod charliy in England and Wal88 and Is
unlncorporaled. The addr•$8 of th• prfndpal office is The Town Hall, Slok881•y, North Yorkshlrè,
TS9 5DG.
Statemt of compllance
Th888 1(nHn¢iAI 8181oments havè boen prgpaffjd In compliance wlth FRS 102, Thts Flnanclal
Reporting Standard appllcabla In thè UK and Ihe Republ1¢ of Ireland.. the Statemgnl of
Recommendad Pracuce appllcable to thBri1188 prep8rlrffj th81r accounts In accordart¢è th the
Flnancl41 Reportlng Standard appllcable In th8 UK and Republlc ol Irel8nd IFRS 1021 Ichadtlès
SORP IFRS 10211 and th• Charltl•s 2011.
Accountlnq polScl•g
Ba•lJ of pr•p•rthtlon
Tha finondal statements have been prepared on ihe hlBtorfcg1 ba$ls, as modlfled by th8
r•vJluallon ol certaln Ilnanclal assets ané Ilabllllles and Investment prortIeS me*$ured at falr
valu& through income or oxpendlture.
The flnandal 8talam•nts Aro prepAred In 8terflng, whlch IB th• funclbnal ¢urr•ncy of th• entky.
Golng n¢•rn
Th8Te are no m8t•rial unc8rtaintl•s about the chBrtya ablllly lo wnllnue.
Dliclo•ur• •x•mptlon¥
Th¥ èntlty sa31{88 the ¢rtl0rf8 of btslng 8 qu•fyIng enllly 88 dn•d In FRS 102. As such.
ath8nlage has been tsken of the Idlowlng dlsdosure exemptlons #vai18ble under parggr8ph
1.12 of FRS 102.. 191 No cash Ilow ststernènt has been lor the company. Ib)
Dl?clooure8 In reepect of flnanclal In8trnmgnts have not been proxènted.
Judg•m•nl• and koy •our¢tt of e•tlmatlon uThc•rtalnty
The PreparaOn of the fln8nd81 st8lam•nts r•qulro8 man89èmt to make ludgemants,
o¥llmales and assumpuons that affe¢t amount8 rewted. Th•8è •Stlmates and ludgamènls
8ro contlnualty rovlowed and ar8 based on 0XrIence and other ladtys. InGIL¢dlng expectatlonB
of futurè •vènts that ar• balled to bo reaBvnabb under the C1MStarths.
Fund accountlng
Unre8trfcted lunds aio wallable for u89 al the dlscrntlon of the tru51e03 to furthor any of the
char5ty'¥ purpo8e$.
Designated lunds are LmreBtrlctad funds 88rm8rked by th? trustees for pprUcular fura or
mMlimt.
Ra8tr1cl8d funds are subjected to r85tr1th)n8 on IheSr oxpondllure d•¢lar•d by the dDnor or
thTough the Igms ol ¥n appeal, and fall into ono ol t subd853e8'. rethcled Income fvnds or
enE1owment funds.
Stokesley Manorlal Lands Trust
Notes to the Financial Stst&merrtS f¢ontlnv8dJ
Year ended 31 March 2023
Accountlnu pollcles ftonthiuadj
In¢omlng r•sour¢ea
All ineome Is Includé¢ In the stslernent of linan¢ial activities when entltlement has PBssed lo thè
charity, il is probabl¥ that the ocon¢xnl¢ bonefits as8oclaled wSth ihe Iran6a¢tlon 11 flow to the
charfty and the amount can b• rèliably measured. Th$ lollowlng sp8clflc policie6 are appllad to
partlar ¢8leoorle8 of Income:
Income from donatlons or grant8 ig recogni3ed when there is •¥enCe of enfjllement to the gfft,
receipt Is probable and Its amount be measured rèllabty.
Income from contracts lor the supply of seNc88 18 recognlsed wlth the dellvwy ol the
contrac¢gd servlce. Thls 1$ classifled as unreslricled fund5 nIes8 there Is a conlraclual
raqu5r•mt for It to bè $pent on a partul81 purposo ind retufned Jf un$penl, In whlch cfjw 11
moy be r8gard8d as re8lrSclBd.
Re•ourc•$ •xp•nd•d
Expendllur•18 recoonl8¢d on an accfuo1$ b•Bls a8 a Ilabllity iry incurfgj. Exp8ndKur8 Includés any
VAT whlch cannot be lully recover8¢J, gnd 18 cI•s81fiod undw headlnge of thè 8talèmonl of
Iln8ncial actlvllles 1¢ whlch11 relates..
8xpendlture on rnlslnG funds includes thg ¢0818 of all tundralslng aclfvS1188, onts,
non-ch¥r5table tr8dlng actlvlll&s. and th& sglo of d¢nat¢d g¢xd8.
8xpgndllur• on charltable ac¥111&$ Includ•s Bll coBta incurred by a ¢h?rlty In undertaklng
octSvlll¥s Ihtht further its ch8rlt8bl8 alm$ for tho bon6fl10l b•naficlarlès. In¢ludlng tho8•
Support Costs and co8ts relatlng to Ime govornancg of the charity apportion¢d to ohorl¢8ble
•dlvltl•8.
other oxpendllure Includes all expendlture thal 18 nelther robat•d lo r8l¥lng fvnd8 for the
¢harlly nor port ol ils ¢xpendtturfr ¢harltabl& octivili?J.
AII COBts ar& alILted lo exp8ndllur8 cglegorle8 reflecting th8 us& ol th8 resource. Dlrecl costs
attributable to 8 slngle activity aro 811oealed dlreclly to thal aclfvthy. Shar8d coJl3 Bre epportloned
between tho actlvllles IW cc•ntrSbut• lo on a rgasonablg, Iu8Ullable and con8lstonl ba818.
Imwtm•nl8
Llsled Inveslm8nl$ ara meBsured 91 folr value wlth chang83 Sn f•lr v¥luo hlng Tfjcognised In
profll or Soss.
Actlvttl•• for q•n•rntlng tund*
Unrtthcted fot•l Funds Unr•8trlclod Tot•1 Funds
Funds
2023
Funds
2022
Dcnallon8
Maikst nts
Fak Inat ol relat•d 8xpwtse¥)
Leasèg and Ilcence
wae4veS
t>onaUons
20,203
11,228
6,177
O,S54
20,203
11.228
6.177
6,664
27,319
10.309
2.680
27.319
10.309
2.800
32
2.000
2,000
stokesley Manorial Lands Trust
Notes to the Financlal Statemonts l¢grnHnu8dJ
Year ended 31 March 2023
Actlvltl•g for generntlng funds fMnllnvedJ
Unresirlcted Total Funds Unreslrtcied Total Fund3
Funds
2D23
Fund¥
2022
Grants
Grants rgcoiv¥bl
32,000
76,162
32.000
76,162
42.320
42,320
Inv•akn•nt In¢gm•
Unr88trfctéd Totsl Fund• UnreslrSctsd Tot81 FurMIs
Funds
2023
Funds
2022
In¢om• Ilsled Inveslments
B*nk Inter•8t reI¥0b18
2.034
828
2.034
826
1,827
1,827
2,880
1,838
1.838
Othor In¢om•
UnT1Cted Totsl Fund• Unre8lrlct•J Ttst Funds
Fd$
2023
Fund8
2022
Other Income
71
71
958
Other Incoffle repro11$ Inccyne 01 £71 of ¥klp Charg08 In tha yew 4nd8d 31 March 2023. Other
Incomg rec8fvBd durfng Ihg year end 31 M4r¢h 2022 Is Income of £966 of VAT Tedalm•d.
EXpdItur0 on ch•rhabl• •otlYlil•B by fund typ•
Untrict•d Total FuTKl• Unrosirlcted Tolal Fund$
FundB
2023
Fund8
2022
Dlrect chJrltabltr ¢yndlture
Support Go?15
7.562
7,562
1,046
8.608
4.838
6,721
11,559
4,838
8,721
8,808
11,669
Expèndltur• on chorStabl• aotlvltlm by •ctlvlty typ•
Actlvlues
undertaken
dIdY
Supp¢Jrt Tot•1 funds
2023
Total fund
2022
Dlrect chaTltabK8 wiendliure
Govemanre cos18
7,582
7,582
4,838
6,721
1.048
7,582
8,808
11,5SQ
Stokesley Manorial Lands Trust
Notes to the Financial Statomonts
Yèar ended 31 March 2023
N•t I108•e¥ygainJ on Invesbwints
Unrestricted Total Fund¥ Unrestrlctod Total Fund
Funds
2023
Funds
2022
Falr value adluslm8nl on listed
Investments
GaInlI06$esI on Sab of Il$t•d
Investment
112,299)
112.299)
3,922
1,088
{12,299>
112,299)
6,010
5,010
10. Ind•p•nd•nt ?x4mlnatlon fa
2023
2022
F888 payablo to the IndepèNlenl gX8mlner for..
IndeponI exarnlnallon of the IlnandBI 8latemenlB
912
912
11. 3t•ff co•t•
The Secret8ryrrr¢88urw 58 pald by Sloke$lw Town Councll. There are no emploYS of
Stckesley MonrJNal LaniJ8 TIUBI durlng th8 wr end•d 31 March 2023 or In the prfor year andad
31 March 2022.
11. Tru•t•• r•mun•r4tlon and •xp•n•
No trustse3 recefve any vmoluments {2022 .. Nono).
13. Inv••tm¢nts
Lknt•d
InvMlm•nt•
Co•t or valutttlon
Al 1 Aprll 2022
AddltlOn8
Fak value movem•nts
S3,888
1,677
112,2991
43,284
At 31 March 2023
Imp•lmient
At 1 April 2022 and 31 March 2023
Caryinq •mount
At 31 Mah 2023
43.264
Al 31 March 2022
53,888
All Inv99th)8nt8 8hcp*m abov8 are hgld at valu4lk)n.
Fln4n¢i•l a8B•ts h•ld at falr
5nvestments hdd as flxed assets arè rèval8 al mld-m¥k8t value at th8 balarK8 sha8t date An
the galn ¢x loss taken to tho statement of finandAI activities.
Slokeslèy Manorial Lands Trust
Notes to tho Financlal StatementSi¢ohllmWI
Year ended 31 March 2023
14. Cr•dltorn: •mounts falllng duo wlthln on• y•ar
2023
2022
Accruals and d6fgrred Incom8
912
870
15. Anafyil• of ¢h•rlEablo fundB
unrtrIC1•d fund¥
At
Galns and 31 Mareh 20
l Aprll 2022
Income Expendllur•
G•ner•l lund8
187.862
78.893
{8,8081
{12.2991
245.848
At
Galns and 31 March 20
108908
22
1 A1 2021
Incom• ExpeNif(ur•
General fund8
149,297
45,114
{11,559)
6,010
187,882
10. An•ly•l• of n•t u¥•t• b•tw••n lundl
Unrestrkted Total Fund•
Fund8
2023
Invostmenl
Curre1 aB8ets
Cradltor8 less thon 1 yoar
Nvt U8•ts
43,284
203,496
19121
245,848
43,284
203,498
{9121
245,848
Unr•8tr1clod Totol Fund8
Fund8
2022
Inve8tm8nts
Current a&t8
Cr8dltor51888 than 1 y•ar
N•t 4•8•
53.880
134,846
18701
187.862
53.888
134,848
(8701
187,862
10
Stokesloy Manorial Lands Trust
Management Information
Year ènded 31 March 2023
Th• foll¢y*lng pag•• do not forni part ol th• Iln•nd•l •tat•m•nt•.
11
Stokesley Manorial Lands Trust
D•tall6d Ststsment of Flnanclal Activitles
Year ended 31 March 2023
2023
2022
Income and endowment*
AvItIe4 for g•n•ra¢lng fund
Markèt Tents
F81r Inel of related eypenBe81
Lea8e8 and Ucenceg
Wae8veS
Donations
Grants rec8BbI6
20,203
11,228
,177
8.554
27.319
10.309
2,680
32
2.000
32,000
78.162
42.320
Inv•stm•nt In¢om•
Income from listed inv8th•nts
Bank ntere81 rec•lvabkg
2,034
1.827
2,880
1,836
other Incom•
Olhor Income
71
956
Tot•1 InGom•
78.893
46.114
Exp•ndltur•
Expondltur• on ¢harlt•bb• a¢tlvltl••
Rat95 and 181
Ropalrs and malntananc•
Legal gnd pmfo$$Sonal fees
Other inleregt payoble and MIlar eharga8
Grants to Slok881gy Tovm CourKI
Mark•1 8xptUre
{8481
16.9181
1954}
(921
(5021
11,3881
(8,6981
1231
12,7371
12311
{11,6691
18.808}
Tot#1 •xp•ndltur•
18,e081
111,559)
N•t1lo•s•$ygaln# on Inv•8tm•nt•
Ffjlr valu? adlustmenl on Ilsled Investmants
G#lnslll0ss) on Bale of listed insiment
(12.2091
3.922
1.088
112,2991
6,010
N•t In¢om•
S7,986
38.$6S
12
Stokgsley Manorlal Lands Trust
Notes to the Dotalled Statement ol Flnancial Actlvltl•s
Year ended 31 March 2023
2023
2022
Expendttur• on charltabl• 4th1tl•s
Olr4Ct charltablo •xpendlture
Acliviti•s undertaken dlr•¢tty
Rates and water
Repalrs to pr8mlg9$ 8nd other makntenance works
Sundry exp8ns8s
Market exp•ndltur0
(0461
16,9161
1502)
11.3681
12,737)
12311
{4,8381
17,582)
Gov•rnaneo co•ts
Accounlancy fe&
consult8Y f•81
Bank Ghwjeg
(954)
19601
{5.7381
123)
{0.7211
1921
11.046)
Exp•ndltw• on c11•bI* •ctl¥lti
18,608)
{11,659)
13
CHARITY REOISTRATION NUIIBai: 1023299
Stokesley Manorial Lands Trust
Unaudited Flnanclal Statements
31 March 2023
Stokesl8y Manorfal Lands Trust
Flnanclal Statemonts
Yèar ended 31 March 2023
Page
Trustees, annual report
Independent examinef8 report to the trustees
stgternent of finandal activilles
Statement of financlal p081tlon
Not8S to the fjnandal 8tatements
The followlng pages do not form part of th• financlal 8tatoments
Det8lled statement of financlal actlvlties
12
Notes to the detalled staternent of flnanclal acllvltle8
13
Stokesley Manorial Lands Trust
Tyustaes, Annual Report
Year endod 31 March 2023
The InJste83 present Iheir reF<#1 •nd the unaudited finandal statements of the charity for th6 year
endad 31 MarL* 2023.
ft•tsr•n and admlnl8tratlv• d•tall•
R•gl8ter•d Gharlty name
Sloko818y Manorfal Lands Trust
Ch4rlty reglBtralk¥n numb•r
1023299
PrlnclpAI ofAre
Th& Town H811
Stok?sley
North YNk8h*e
TS9 6DG
Th• tru•t•••
S Alkln$on
M Cgnav•n
IApOnl•d 14 Juno 20221
(Re8lgn&J 9 May 2022,
AFS)olnt8d 14 June 20221
S P CArey
D C¢)ok
B Grlffith8
C John¥on
N JOhnn
M Luxton
D Oxloy
A Scott
G sothY
A Wak8
{Reslgned g May 2022)
(Appolntod 12 July 20221
IAppolnt•d 14 Jung 21Y221
Comp•ny g•¢r•t•ry
J M¢Lu¢kb•
lThd•p•nd*nt •x•mln•r
Graeme Boagey, FCA
Chlp¢h•se Mann8fB
384 Llnthorpa Road
Mlddl88brough
rs5 6HA
Strudur•. gov•rn•nrA and m•n¥g•rn•nl
Tho charity was establlshod by 08ad of Tw81 dated July 1919 by Stokesby Parlsh Councll {rwarned
Sloke81oy Town Coundl r)n 1 ApTII 20171 and became a r8gi5twed tharity on 1 July 1993 wilh tho
Charity Commlsslon No: 1023299.
The Man8glnu Commlttee membèr8 typkaly appolntod on a 4 yearfy bas, bLrt Is d8pandent on
the date of the Town Council elections. These membgrs ar¢ also mernbm of Stoke8ley Town
Councll. Committee meellngs gre held on the flrsl Thursday of ea¢h month.
Stokesley Manorial Land5 Trust
Trustees. Annual Report {coniinu•dl
Year ended 31 March 2023
Obl•¢tlvq¥ and actSvlil•s
The charlly is 88tabllsh8d to ?drnln15tor the acUvlU•B of 8n area of land wthin the cèntre of the town of
stokesley, which was bequeathed lo Slok8sley Town Coundl In 1919. The objecte19 to provldo an
In¢oma from these gcUvlllg5 to support the Town Hall Trust as well as promote other charitable ents.
Th8 malorlty of Manorlal Lands are u6*Y foi ¢ar parf¢ fadllues durlng lh• w•ok ewpt frf Frfday when
an open market is hèld and each first and third Saturday when, respectively Farner8' MaetS ond
M88kers' Markets t8ke p18C8. Rent Is ch8rg8d io each of the ¥tsll hol¢JeT5 and tho surns raised ar8
provijed for the bèneflt of tho Tw51. In addllion lo the actlvlties conc8mod with lettlng the Manorial
Lands. gflort Is also devoted to maSntaining the conditson of ro8d Surfa$. fooLway8 gnd Such
$tru¢tures as aro built them whl¢h Come In tho scope oftha Manorfèl Lands.
Tho ch4rlly18 organlaéd a8 Bn Indèp•ndent 8880cSatbn of th? bcal re8ld8nt8 who are appolnled Irom
Stokaslgy Town Coun¢ll Qxeapt lor tho secretaryreasUrer vtho 15 also the Clèrk to Stoke51ey Town
Councll. Thq a¢llvlll¢$ Include th& provl$lon of the Cai parklng space In the oenlro of Stokasley 8nd
weekly market. Annu811y th8 Manodal Lands are glven to Stok8818y FaSr whlch latsts for on8 wa8k
during September.
Achl•vernents and p•rlorm•nc•
Tho level ol lettlngs whlch Include the wèèkty rnarkot, Famern, Mark8t and annual la5r rtt•lot$ I
$ufficl8nt to provlda flnanclal support to lh8 Town Hall Trust when reqred.
Flfi•ncl•l rnvl•w
Thè $tt•¢h¢d fIn¢1¢1 st#tom•nts Ihe curronl 81gb of affakB whleh the commltteg ¢on¥lder lo ba
nd. The flnancl81 Btatom8nl8 Show any tr8nsf&r8 of IncNn8 whlth have be$n m8d• to the Town
Hall Tfu¥L
The Tfugleej opte(S lo support the Market Tradwg ovèr thè vAnt8r months offerfng thom rMI fre
pllch83 bgtween November to Marth lor Ihdr altend¥nce •v8ry weok. Thls meant th• market was
wo11 aitendgd over tho vhnter wlth m08t Stall hoklers signlng up to thls aLv88ment
The lrusle85' annual repcrt waB approved on 44* 20Z3 and 9rd on behall ol the bo8rd of
trustee8 by..
A Wako
Trustee
Stokesley Manorlal Lands Trust
Indapendent Examlner's Report to the Tru8te88 of Stoke81ey Manorlal Lands
Trust
Year 8nded 31 March 2023
I rèport to the trusl8•5 on my examinallon of the Itnancl81 stst¢ments of st0keY M8norlal Lands
TTUSt (Yhe ch8rity'l for th8 year ended 31 M8r¢h 2023.
Rgsponglbllltles and bash of r•port
A6 the trusLe•8 of the charfty you gre SponsIble lor Ihe prep8faUon of the financl81 statsmwts In
a¢¢ordanc? wlth the requlmm•nts Charitie8 Ad 2011 Ilhe Ael'l.
I report in respect of my axamSnalion ol the charlly's Ilnanclal statemants carfed oul under sadon 145
of thè 2011 Act and In eÈrrylng out my examination I hav& follwed &ll the applkat40 Dlreclion¥ glven
by tha Charlty C¢)mml8slon under 6ecllon 144SXbl of the Act.
Ind•p•ndonl •xamln•rf• •t•t•m•nt
I h0 cc4npl6lod my examlnauon, I conflmi that no mater181 mottars h8ve come to my attenlknn In
connactlon wlth the examlnatlon glvlng me cau to bdknv• that In *ny matorlal rospart
accounlng r¢¢or¢l8 w•r• nol kept In reSpt of the charfly a8 r•qulr•d by 88¢tlon 130 of thè
Acl., or
the ffinanclal stslemènl8 do not a01 wlth Ihu8e records., or
the flnanclal statem8nl$ do not C¢)mply th Ihe appllcable rgqulremgnts Qoncornlng the
fom End contant d a¢¢ounl8 8et 1 In the Charill&s lAcents and R8portsl R8gulBlions
2008 olh•r than any reqUir¢mt IhAI the accoun18 give 4 Yrul and ta tsW whlch 1$ not
matter CGfflsklered as part of¥n Ind8pendent oxamlnatlon.
I hgv• no con¢em8 and hav• Gome acro8¥ ollw mthtter8 In connoOn wllh th• •xamln•Uon to
whlch attenllon should bg drawn In th1$ report In ord¢r lo enobl• a proper und•w#tsndlng of the
8¢counts t be reachad.
Graome 808gey, FCA
Independent Examlngr
Chlp¢ha$• M•nners
384 Llnthorp& Rojd
Mlddlesbrough
TS5 6HA
2023
stokesley Manorlal Lands Trust
statemant of Financlal ktlvlti•s
Yéar ended 31 March 2023
2023
Unrgstrfctod
fvnds Total funds Tolal fdS
2022
Incomo #nd •ndowm•nts
Actlvllles fry oenerallng fiJnd8
Invo8tment Income
Other incom•
78.162
2.860
71
78,162
2.680
71
42,320
1.838
958
Tot•1 Incam•
78.893
78.893
45.114
Exp•ndliur•
Expendllure on Charbtsble acUvlU•8
Tot•1 oxp•ndhur•
(8.6081
(B,808)
{8.808)
(8.808)
111,5591
111,559)
N•l11088•¥ygaln$ on InvestfnonlB
112,2991
(112091
5,010
N•1 Incom• and n•t mov•m•nt In fundB
57,986
57,988
38.S85
R•¢onGlll•tlon olfibndj
Total lundB brought forward
Tot•1 fund• c•rrl•d foThv•rd
187,882
245,848
187,882
245,848
149,297
187,882
Tho $t¥temenl of tlnan¢l81 ac16vlUe$ In¢hJde8 all galn8 and loases recognl88(I In th• yew.
All Income and expèndllure derlve from conlinulng 4CUvlll.
The not•* on pag 6 to 10fomi p•rt ol thosofinancl81 •l•t•m•nts.
Stokesley Manorlal Lands Trust
Statement of Flnanclal Posltion
31 March 2023
2023
2022
Flx•d Assèts
Invasiments
13
43,204
53.886
Current a$s•l•
Cash at bank and in hand
203,490
134.846
Cr•dltorg: amounts falllng due wtthln on• y•ar
N•1 ourr•nt a•••ts
14
(912
202.584
1870)
133,976
187,882
Totsl u••t•1•8• curr•nl labllltl
245.848
M•t **vts
245.848
187,882
Fund* af th• charlty
lthr68tr*tertl fund8
245.848
245,848
187,882
Total tharlty lund•
10
187,862
Th•8• flnBnclal Btslement8 w•r• *pprov8d by Iho boerd ol trustees arKJ auihorl3¢d for19sue on •*
y 2023. and •M S19n on behalf olthe l)oard by:
3 ¢XIr
APL)L
A Wake
TnJsts8
Th• notqs gn pagu 6 to 10 partolth••• ffnanclal ¥lat•m¢nt¥.
Stokosley Manorial Lands Trust
Notos to the Financial Statoments
Year ended 31 March 2023
Genèral Inforrnatlon
Th8 charfty 18 a publi¢ bengflt antlly and a reg15terod charliy in England and Wal88 and Is
unlncorporaled. The addr•$8 of th• prfndpal office is The Town Hall, Slok881•y, North Yorkshlrè,
TS9 5DG.
Statemt of compllance
Th888 1(nHn¢iAI 8181oments havè boen prgpaffjd In compliance wlth FRS 102, Thts Flnanclal
Reporting Standard appllcabla In thè UK and Ihe Republ1¢ of Ireland.. the Statemgnl of
Recommendad Pracuce appllcable to thBri1188 prep8rlrffj th81r accounts In accordart¢è th the
Flnancl41 Reportlng Standard appllcable In th8 UK and Republlc ol Irel8nd IFRS 1021 Ichadtlès
SORP IFRS 10211 and th• Charltl•s 2011.
Accountlnq polScl•g
Ba•lJ of pr•p•rthtlon
Tha finondal statements have been prepared on ihe hlBtorfcg1 ba$ls, as modlfled by th8
r•vJluallon ol certaln Ilnanclal assets ané Ilabllllles and Investment prortIeS me*$ured at falr
valu& through income or oxpendlture.
The flnandal 8talam•nts Aro prepAred In 8terflng, whlch IB th• funclbnal ¢urr•ncy of th• entky.
Golng n¢•rn
Th8Te are no m8t•rial unc8rtaintl•s about the chBrtya ablllly lo wnllnue.
Dliclo•ur• •x•mptlon¥
Th¥ èntlty sa31{88 the ¢rtl0rf8 of btslng 8 qu•fyIng enllly 88 dn•d In FRS 102. As such.
ath8nlage has been tsken of the Idlowlng dlsdosure exemptlons #vai18ble under parggr8ph
1.12 of FRS 102.. 191 No cash Ilow ststernènt has been lor the company. Ib)
Dl?clooure8 In reepect of flnanclal In8trnmgnts have not been proxènted.
Judg•m•nl• and koy •our¢tt of e•tlmatlon uThc•rtalnty
The PreparaOn of the fln8nd81 st8lam•nts r•qulro8 man89èmt to make ludgemants,
o¥llmales and assumpuons that affe¢t amount8 rewted. Th•8è •Stlmates and ludgamènls
8ro contlnualty rovlowed and ar8 based on 0XrIence and other ladtys. InGIL¢dlng expectatlonB
of futurè •vènts that ar• balled to bo reaBvnabb under the C1MStarths.
Fund accountlng
Unre8trfcted lunds aio wallable for u89 al the dlscrntlon of the tru51e03 to furthor any of the
char5ty'¥ purpo8e$.
Designated lunds are LmreBtrlctad funds 88rm8rked by th? trustees for pprUcular fura or
mMlimt.
Ra8tr1cl8d funds are subjected to r85tr1th)n8 on IheSr oxpondllure d•¢lar•d by the dDnor or
thTough the Igms ol ¥n appeal, and fall into ono ol t subd853e8'. rethcled Income fvnds or
enE1owment funds.
Stokesley Manorlal Lands Trust
Notes to the Financial Stst&merrtS f¢ontlnv8dJ
Year ended 31 March 2023
Accountlnu pollcles ftonthiuadj
In¢omlng r•sour¢ea
All ineome Is Includé¢ In the stslernent of linan¢ial activities when entltlement has PBssed lo thè
charity, il is probabl¥ that the ocon¢xnl¢ bonefits as8oclaled wSth ihe Iran6a¢tlon 11 flow to the
charfty and the amount can b• rèliably measured. Th$ lollowlng sp8clflc policie6 are appllad to
partlar ¢8leoorle8 of Income:
Income from donatlons or grant8 ig recogni3ed when there is •¥enCe of enfjllement to the gfft,
receipt Is probable and Its amount be measured rèllabty.
Income from contracts lor the supply of seNc88 18 recognlsed wlth the dellvwy ol the
contrac¢gd servlce. Thls 1$ classifled as unreslricled fund5 nIes8 there Is a conlraclual
raqu5r•mt for It to bè $pent on a partul81 purposo ind retufned Jf un$penl, In whlch cfjw 11
moy be r8gard8d as re8lrSclBd.
Re•ourc•$ •xp•nd•d
Expendllur•18 recoonl8¢d on an accfuo1$ b•Bls a8 a Ilabllity iry incurfgj. Exp8ndKur8 Includés any
VAT whlch cannot be lully recover8¢J, gnd 18 cI•s81fiod undw headlnge of thè 8talèmonl of
Iln8ncial actlvllles 1¢ whlch11 relates..
8xpendlture on rnlslnG funds includes thg ¢0818 of all tundralslng aclfvS1188, onts,
non-ch¥r5table tr8dlng actlvlll&s. and th& sglo of d¢nat¢d g¢xd8.
8xpgndllur• on charltable ac¥111&$ Includ•s Bll coBta incurred by a ¢h?rlty In undertaklng
octSvlll¥s Ihtht further its ch8rlt8bl8 alm$ for tho bon6fl10l b•naficlarlès. In¢ludlng tho8•
Support Costs and co8ts relatlng to Ime govornancg of the charity apportion¢d to ohorl¢8ble
•dlvltl•8.
other oxpendllure Includes all expendlture thal 18 nelther robat•d lo r8l¥lng fvnd8 for the
¢harlly nor port ol ils ¢xpendtturfr ¢harltabl& octivili?J.
AII COBts ar& alILted lo exp8ndllur8 cglegorle8 reflecting th8 us& ol th8 resource. Dlrecl costs
attributable to 8 slngle activity aro 811oealed dlreclly to thal aclfvthy. Shar8d coJl3 Bre epportloned
between tho actlvllles IW cc•ntrSbut• lo on a rgasonablg, Iu8Ullable and con8lstonl ba818.
Imwtm•nl8
Llsled Inveslm8nl$ ara meBsured 91 folr value wlth chang83 Sn f•lr v¥luo hlng Tfjcognised In
profll or Soss.
Actlvttl•• for q•n•rntlng tund*
Unrtthcted fot•l Funds Unr•8trlclod Tot•1 Funds
Funds
2023
Funds
2022
Dcnallon8
Maikst nts
Fak Inat ol relat•d 8xpwtse¥)
Leasèg and Ilcence
wae4veS
t>onaUons
20,203
11,228
6,177
O,S54
20,203
11.228
6.177
6,664
27,319
10.309
2.680
27.319
10.309
2.800
32
2.000
2,000
stokesley Manorial Lands Trust
Notes to the Financlal Statemonts l¢grnHnu8dJ
Year ended 31 March 2023
Actlvltl•g for generntlng funds fMnllnvedJ
Unresirlcted Total Funds Unreslrtcied Total Fund3
Funds
2D23
Fund¥
2022
Grants
Grants rgcoiv¥bl
32,000
76,162
32.000
76,162
42.320
42,320
Inv•akn•nt In¢gm•
Unr88trfctéd Totsl Fund• UnreslrSctsd Tot81 FurMIs
Funds
2023
Funds
2022
In¢om• Ilsled Inveslments
B*nk Inter•8t reI¥0b18
2.034
828
2.034
826
1,827
1,827
2,880
1,838
1.838
Othor In¢om•
UnT1Cted Totsl Fund• Unre8lrlct•J Ttst Funds
Fd$
2023
Fund8
2022
Other Income
71
71
958
Other Incoffle repro11$ Inccyne 01 £71 of ¥klp Charg08 In tha yew 4nd8d 31 March 2023. Other
Incomg rec8fvBd durfng Ihg year end 31 M4r¢h 2022 Is Income of £966 of VAT Tedalm•d.
EXpdItur0 on ch•rhabl• •otlYlil•B by fund typ•
Untrict•d Total FuTKl• Unrosirlcted Tolal Fund$
FundB
2023
Fund8
2022
Dlrect chJrltabltr ¢yndlture
Support Go?15
7.562
7,562
1,046
8.608
4.838
6,721
11,559
4,838
8,721
8,808
11,669
Expèndltur• on chorStabl• aotlvltlm by •ctlvlty typ•
Actlvlues
undertaken
dIdY
Supp¢Jrt Tot•1 funds
2023
Total fund
2022
Dlrect chaTltabK8 wiendliure
Govemanre cos18
7,582
7,582
4,838
6,721
1.048
7,582
8,808
11,5SQ
Stokesley Manorial Lands Trust
Notes to the Financial Statomonts
Yèar ended 31 March 2023
N•t I108•e¥ygainJ on Invesbwints
Unrestricted Total Fund¥ Unrestrlctod Total Fund
Funds
2023
Funds
2022
Falr value adluslm8nl on listed
Investments
GaInlI06$esI on Sab of Il$t•d
Investment
112,299)
112.299)
3,922
1,088
{12,299>
112,299)
6,010
5,010
10. Ind•p•nd•nt ?x4mlnatlon fa
2023
2022
F888 payablo to the IndepèNlenl gX8mlner for..
IndeponI exarnlnallon of the IlnandBI 8latemenlB
912
912
11. 3t•ff co•t•
The Secret8ryrrr¢88urw 58 pald by Sloke$lw Town Councll. There are no emploYS of
Stckesley MonrJNal LaniJ8 TIUBI durlng th8 wr end•d 31 March 2023 or In the prfor year andad
31 March 2022.
11. Tru•t•• r•mun•r4tlon and •xp•n•
No trustse3 recefve any vmoluments {2022 .. Nono).
13. Inv••tm¢nts
Lknt•d
InvMlm•nt•
Co•t or valutttlon
Al 1 Aprll 2022
AddltlOn8
Fak value movem•nts
S3,888
1,677
112,2991
43,284
At 31 March 2023
Imp•lmient
At 1 April 2022 and 31 March 2023
Caryinq •mount
At 31 Mah 2023
43.264
Al 31 March 2022
53,888
All Inv99th)8nt8 8hcp*m abov8 are hgld at valu4lk)n.
Fln4n¢i•l a8B•ts h•ld at falr
5nvestments hdd as flxed assets arè rèval8 al mld-m¥k8t value at th8 balarK8 sha8t date An
the galn ¢x loss taken to tho statement of finandAI activities.
Slokeslèy Manorial Lands Trust
Notes to tho Financlal StatementSi¢ohllmWI
Year ended 31 March 2023
14. Cr•dltorn: •mounts falllng duo wlthln on• y•ar
2023
2022
Accruals and d6fgrred Incom8
912
870
15. Anafyil• of ¢h•rlEablo fundB
unrtrIC1•d fund¥
At
Galns and 31 Mareh 20
l Aprll 2022
Income Expendllur•
G•ner•l lund8
187.862
78.893
{8,8081
{12.2991
245.848
At
Galns and 31 March 20
108908
22
1 A1 2021
Incom• ExpeNif(ur•
General fund8
149,297
45,114
{11,559)
6,010
187,882
10. An•ly•l• of n•t u¥•t• b•tw••n lundl
Unrestrkted Total Fund•
Fund8
2023
Invostmenl
Curre1 aB8ets
Cradltor8 less thon 1 yoar
Nvt U8•ts
43,284
203,496
19121
245,848
43,284
203,498
{9121
245,848
Unr•8tr1clod Totol Fund8
Fund8
2022
Inve8tm8nts
Current a&t8
Cr8dltor51888 than 1 y•ar
N•t 4•8•
53.880
134,846
18701
187.862
53.888
134,848
(8701
187,862
10
Stokesloy Manorial Lands Trust
Management Information
Year ènded 31 March 2023
Th• foll¢y*lng pag•• do not forni part ol th• Iln•nd•l •tat•m•nt•.
11
Stokesley Manorial Lands Trust
D•tall6d Ststsment of Flnanclal Activitles
Year ended 31 March 2023
2023
2022
Income and endowment*
AvItIe4 for g•n•ra¢lng fund
Markèt Tents
F81r Inel of related eypenBe81
Lea8e8 and Ucenceg
Wae8veS
Donations
Grants rec8BbI6
20,203
11,228
,177
8.554
27.319
10.309
2,680
32
2.000
32,000
78.162
42.320
Inv•stm•nt In¢om•
Income from listed inv8th•nts
Bank ntere81 rec•lvabkg
2,034
1.827
2,880
1,836
other Incom•
Olhor Income
71
956
Tot•1 InGom•
78.893
46.114
Exp•ndltur•
Expondltur• on ¢harlt•bb• a¢tlvltl••
Rat95 and 181
Ropalrs and malntananc•
Legal gnd pmfo$$Sonal fees
Other inleregt payoble and MIlar eharga8
Grants to Slok881gy Tovm CourKI
Mark•1 8xptUre
{8481
16.9181
1954}
(921
(5021
11,3881
(8,6981
1231
12,7371
12311
{11,6691
18.808}
Tot#1 •xp•ndltur•
18,e081
111,559)
N•t1lo•s•$ygaln# on Inv•8tm•nt•
Ffjlr valu? adlustmenl on Ilsled Investmants
G#lnslll0ss) on Bale of listed insiment
(12.2091
3.922
1.088
112,2991
6,010
N•t In¢om•
S7,986
38.$6S
12
Stokgsley Manorlal Lands Trust
Notes to the Dotalled Statement ol Flnancial Actlvltl•s
Year ended 31 March 2023
2023
2022
Expendttur• on charltabl• 4th1tl•s
Olr4Ct charltablo •xpendlture
Acliviti•s undertaken dlr•¢tty
Rates and water
Repalrs to pr8mlg9$ 8nd other makntenance works
Sundry exp8ns8s
Market exp•ndltur0
(0461
16,9161
1502)
11.3681
12,737)
12311
{4,8381
17,582)
Gov•rnaneo co•ts
Accounlancy fe&
consult8Y f•81
Bank Ghwjeg
(954)
19601
{5.7381
123)
{0.7211
1921
11.046)
Exp•ndltw• on c11•bI* •ctl¥lti
18,608)
{11,659)
13