Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## Stokesley Manorial Lands Trust Registered Charity Number 1023299 Annual Report and Financial Accounts For the year ended 31 March 2025 Page 1 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## Contents 1. Administrative Information ....................................................................................... 3 a. Registered Office .................................................................................................... 3 b. Registration with Charity Commission .................................................................. 3 c. Names of Trustees in Year Ended 31 March 2025 ................................................. 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 3. Objectives and Activities ............................................................................................ 4 4. Achievements and Performance ................................................................................ 5 5. Public Benefit Statement ........................................................................................... 7 6. Risk Management Statement .................................................................................... 7 7. Financial Review ......................................................................................................... 8 a. Review of Year 2024/25 ......................................................................................... 8 b. Reserves Policy ....................................................................................................... 9 8. Plans for Future Periods ........................................................................................... 10 9. Statement of Trustees’ Responsibilities .................................................................. 10 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 2025 ................... 13 12. Statement of Financial Position for the year ended 31 March 2025 .................... 14 Notes to the Financial Statements Year Ended 31 March 2025 .................................. 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 .......................................................................................................... 18 12. Trustee Remuneration and Expenses ................................................................ 18 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 Page 2 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## **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 2025**_ Members of the Managing Committee during the above year were: |Name|Period of Service|Position|Notes| |---|---|---|---| |AndyWake|to 11 March 2025|Chairman to 11 March 2025|Elected| |Graham Sowerby|Full Year|Vice Chairman|Elected| |Julie McLuckie|Full Year|Secretary /Treasurer|Ex Officio| |SallyAtkinson|Full Year||Co-opted| |Mike Canavan|Full Year||Elected| |Sean Carey|Full Year||Co-opted| |David Cook|Full Year||Elected| |Claire Craster|from 10 June 2024||Co-opted| |Reece Doherty|from 10 June 2024 to
15 July2024||Co-opted| |Bryn Griffiths|Full Year||Elected| |Chris Johnson|Full Year||Elected| |Martin Luxton|to 4 April 2024||Co-opted| |David Oxley|Full Year||Elected| |Gary Yuille|from 12 November
2024||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| |SallyAtkinson|Chair|Co-opted| |Graham Sowerby|Vice Chair|Elected| |Julie McLuckie|Secretary /Treasurer|Ex Officio| |Mike Canavan||Elected| |Sean Carey||Co-opted| |David Cook||Elected| |Claire Craster||Co-opted| |Bryn Griffiths||Elected| |Chris Johnson||Elected| |David Oxley||Elected| |GaryYuille||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 2025 ## **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. ## **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. Page 4 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 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 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 North Yorkshire Council indicates that, on average, footfall in the town centre is higher on Friday than any other day of the week. Page 5 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 The monthly Farmers’ Market, which started in 2003, continues to thrive. The stalls often 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 that it has achieved over a number of years and on features in the national press. The popular Christmas Farmers’ Market, now an established feature of the calendar, was again held successfully on the last Sunday before Christmas, supported by a craft fair and other 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 either a Farmers’ Market or a Makers’ 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 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. On 1 April 2023, the lease for most of the cobbles along the High Street, which runs through to 2090 and provides the basis for the free disc parking scheme in the Town Centre, transferred from Hambleton District Council (HDC) to the unitary North Yorkshire Council (NYC). Whilst the remedial work on the cobbles as specified by HDC commenced in April 2023 under the auspices of NYC, progress through 2023/24 had been both slow and intermittent. At the start of the financial year under review none of the sections upon which refurbishment work had taken place was fully complete to a standard considered by the Trustees to be acceptable. With no reinstatement of white lines frequent examples of either unstructured or indiscriminate parking characterised the rest of calendar year 2024. A further meeting was held with senior NYC representatives in May 2024 to seek to address the outstanding issues. Agreement was reached at that meeting that a joint inspection of the cobbled areas would be held shortly thereafter. However, by early August 2025, despite exchanges of e-mails, no date had been offered by NYC. As a result, the Trustees lodged a formal complaint with NYC. In September 2024 NYC Page 6 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 accepted that the work which had been to undertaken to that date had not been done to an acceptable standard. A further a joint meeting was held with NYC, the contractor and Trustee representatives in late October 2024. In the short term this resulted in the appointment of both a contractor to undertake the white lining work and the appointment of a project manager for the longer term refurbishment project. Whilst the initial white lining did take place in December 2024 remedial work by the contractor was necessary and full white lines were provided not Conservation Area compliant T / dotted line demarcation. As at end March 2025 scoping of the work forming part of the further refurbishment project had not been completed, nor any provisional timetable. Whilst in March 2024 a proposal had been received from NYC for it to surrender the cobbles lease. Whilst the Trust indicated that it was minded to consider negotiating without prejudice such a surrender this would be subject to satisfactory completion of the current works and a clear understanding of how future maintenance costs would be met. No resolution on either of these matters had been achieved by end March 2025. The five-year inflation-linked licence agreed in September 2022, with ceiling and floor limits, with the operator of the Fair remains in place. The decking areas on Manorial Land continue to prove popular with customers, particularly during the summer months. As outlined in the previous annual report a new area of decking was installed for summer 2024, taking the number of areas of decking back to three. 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 Page 7 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 support to Stokesley Town Hall Trust. Actions relating to these two areas are given in more detail in Section 7. ## **7. Financial Review** ## _**a. Review of Year 2024/25**_ Overall income from the markets was £25,146 in 2024/25, an increase of £422 from 2023/24. The increase in revenue from the weekly Friday markets more than offset a small reduction in income from the monthly Farmers’ markets and Makers’ markets, which nevertheless all but met budget. The Annual Fair in September 2024 generated net income of £10,975, a decrease of £110. Whilst income increased this was more than offset by higher road closure costs. Income from Leases and Licences increased £4,492 in 2023/24 to £6,546 in 2024/25. Wayleave income decreased from £10,451 in 2023/24, when it was boosted by the one-off payment from Openreach for existing facilities on Manorial Land, to £134. Turning to other income, with the completion of the Levenside Footpath Improvement Project no donations nor grants were received in 2024/25, compared with grants totalling £136,915 and a donation of £2,500 in 2023/24. Expenditure on the final elements of the Levenside Footpath Improvement Project in 2024/25 totalled £10,940, with the balance over the donations and grants being funded from the Trust’s reserves. Other significant items of expenditure in 2023/24 included £10,460 on the resurfacing of Cattery Lane with the relaying of the road surface on Cattery Lane and repairs to The Plain representing the balance of the spend on Repairs to Premises. £5,000 was transferred to Stokesley Town Hall Trust in 2024/25 to cover the day-today operation of the Town Hall and its facilities (2023/24 Nil). The company which was appointed in 2014/15 to act as independent examiner for the Trust 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 an initial long-term investment portfolio of approximately this value, the full details of which were given in an earlier annual report. As the financial position of the Trust has improved additional funds were subsequently placed in the portfolio. At 31 March 2025 market value of the portfolio was £118,066, an increase of £4,857 over the previous financial year compared with a decrease of £364 over the previous financial year end, as interest rates continued to ease. Income from the portfolio totalled £4,675 in 2024/25, up Page 8 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 from £1,529 in 2023/24, with bank interest decreasing from £2,175 in 2023/24 to £2,063 in 2024/25. ## _**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 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 cobbled areas at the western end of the High Street. Page 9 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 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** With the concerns noted earlier in this report on the standard of the cobbles’ refurbishment work being undertaken on the land leased to North Yorkshire Council, the Trustees will continue to press for the necessary remedial work to be carried out. The Trustees will continue to seek to progress the plan to co-ordinate refurbishment of the cobbles that are the responsibility of the Trust with the work on the adjacent leased areas. 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 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. 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 Page 10 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 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. Page 11 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## **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 20254 ## _**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. C S Gorman, FCA, FCCA Independent Examiner 384 Linthorpe Road Middlesbrough TS5 6HA Date: 13 January 2026 Page 12 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## **11. Statement of Financial Activities for the year ended 31 March 2025** |**March 2025**||||| |---|---|---|---|---| |**Item**|**Note**|**2025**||**2024**| |||**Unrestricted**
**Funds**|**Total**
**Funds**|**Total**
**Funds**| |**Income and Endowments**||||| |Activities for GeneratingFunds|4|£42,801|£42,801|£190,167| |Investment Income|5|£6,738|£6,738|£3,704| |Other Income|6|Nil|Nil|Nil| |**Total Income**||**£49,539**|**£49,539**|**£193,871**| |||||| |**Expenditure**||||| |Expenditure on Charitable
Activities||(£35,713)|(£35,713)|(£212,144)| |**Total Expenditure**||**(£35,713)**|**(£35,713)**|**(£212,144)**| |||||| |Net (Losses) / Gains on
Investments|9|(£546)|(£546)|(£364)| |||||| |**Net Income / (Expenditure) and**
**Net Movement in Funds**||**£13,280**|**£13,280**|**(£18,637)**| |||||| |**Reconciliation of Funds**||||| |Total Funds Brought Forward||£227,211|£227,211|£245,848| |**Total Funds Carried Forward**||**£240,491**|**£240,491**|**£227,211**| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Page 13 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## **12. Statement of Financial Position for the year ended 31 March 2025** |**Item**|**Note**|**2025**|**2024**| |---|---|---|---| |**Fixed Assets**|||| |Investments|13|£118,066|£113,209| |**Total**||**£118,066**|**£113,209**| ||||| |**Current Assets**|||| |Cash at Bank and in Hand||£125,970|£117,463| |Creditors: Amounts FallingDue Within One Year|14|(£3,545)|(£3,461)| |**Net Current Assets**||**£122,425**|**£114,002**| ||||| |**Total Assets Less Current Liabilities**||**£240,491**|**£227,211**| ||||| |**Net Assets**||**£240,491**|**£227,211**| ||||| |**Funds of the Charity**|||| |Unrestricted Funds||£240,491|£227,211| |**Total Charity Funds**|15|**£240,491**|**£227,211**| ||||| These financial statements were approved by the board of trustees and authorised for issue on 13 January 2026 and are signed on behalf of the board by: ## _S Atkinson_ S Atkinson Chair of the meeting at which the accounts were approved Page 14 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## **Notes to the Financial Statements Year Ended 31 March 2025** ## _**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 15 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 Designated funds are unrestricted funds earmarked by the trustees for particular future projects or commitments. 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 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## _**4. Activities for Generating Funds**_ ||**Unrestricted**
**Funds 2025**|**Total**
**Funds**
**2025**|**Unrestricted**
**Funds 2024**|**Total Funds 2024**| |---|---|---|---|---| |**Donations**||||| |Market Rents|£25,146|£25,146|£24,724|£24,724| |Fair (Net of
Related
Expenses)|£10,975|£10,975|£11,085|£11,085| |Leases and
Licences|£6,546|£6,546|£4,492|£4,492| |Wayleaves|£134|£134|£10,451|£10,451| |Donations|Nil|Nil|£2,500|£2,500| |Grants|Nil|Nil|£136,915|£136,915| |**Total**|**£42,801**|**£42,801**|**£190,167**|**£190,167**| ## _**5. Investment income**_ |**_5. Investment_**|**_income_**|||| |---|---|---|---|---| ||**Unrestricted**
**Funds 2025**|**Total**
**Funds 2025**|**Unrestricted**
**Funds 2024**|**Total Funds**
**2024**| |Income from
Listed
Investments|£4,675|£4,675|£1,529|£1,529| |Bank Interest
Receivable|£2,063|£2,063|£2,175|£2,175| |**Total**|**£6,738**|**£6,738**|**£3,704**|**£3,704**| ## _**6. Other income**_ |**_6. Other income_**||||| |---|---|---|---|---| ||**Unrestricted**
**Funds 2025**|**Total Funds**
**2025**|**Unrestricted**
**Funds 2024**|**Total Funds**
**2024**| |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|Nil|Nil|Nil|Nil| |**Total**|**Nil**|**Nil**|**Nil**|**Nil**| Page 17 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## _**7. Expenditure on Charitable Activities by Fund Type**_ ||**Unrestricted**
**Funds 2025**|**Total Funds**
**2025**|**Unrestricted**
**Funds 2024**|**Total Funds**
**2024**| |---|---|---|---|---| |Direct Charitable
Expenditure|£23,579|£23,579|£27,370|£27,370| |Support Costs|£12,134|£12,134|£184,774|£184,774| |**Total**|**£35,713**|**£35,713**|**£212,144**|**£212,144**| ## _**8. Expenditure on Charitable Activities by Activity Type**_ ||**Activities**
**Undertaken**
**Directly 2025**|**Support Costs**
**2025**|**Total Funds**
**2025**|**Total Funds**
**2024**| |---|---|---|---|---| |Direct Charitable
Expenditure|£23,579|Nil|£23,579|£27,370| |Governance Costs|Nil|£12,134|£12,134|£184,774| |**Total**|**£23,579**|**£12,134**|**£35,713**|**£212,144**| ## _**9. Net (Losses) / Gains on Investments**_ ||**Unrestricted**
**Funds 2025**|**Total**
**Funds**
**2025**|**Unrestricted**
**Funds 2024**|**Total Funds**
**2024**| |---|---|---|---|---| |Fair value
adjustment on
listed investments|£1,175|£1,175|(£381)|(£381)| |Gains / (Losses) on
Listed Investments|(£1,721)|(£1,721)|£17|£17| |**Total**|**(£546)**|**(£546)**|**(£364)**|**(£364)**| ## _**10. Independent Examination Fees**_ |**_10. Independent Examination Fees_**||| |---|---|---| ||**2025**|**2024**| |Fees payable to the independent examiner for:
Independent examination of the financial statements|**£1,092**|**£960**| ## _**11. Staff Costs**_ The Secretary/Treasurer is paid by Stokesley Town Council. There were no employees of Stokesley Manorial Lands Trust during the year ended 31 March 2025 or in the prior year ended 31 March 2024. ## _**12. Trustee Remuneration and Expenses**_ No trustees received any emoluments (2024: None). Page 18 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## _**13. Investments**_ |**_13. Investments_**|| |---|---| ||**Listed Investments**| |**Cost or Valuation**|| |At 1 April 2024|£113,209| |Additions|£8,416| |Disposals|(£4,734)| |Fair Value Movements|£1,175| |**At 31 March 2025**|**£118,066**| ||| |**Impairment**|| |At 1 April 2024 and 31 March 2025|| |**Carrying Amount**|| |**At 31 March 2025**|**£118,066**| |**At 31 March 2024**|**£113,209**| 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**_ ||**2025**|**2024**| |---|---|---| |Amounts owed to undertakings in which the charity has a
participatinginterest|£2,501|£2,501| |Accruals and Deferred Income|£1,044|£960| |**Total**|**£3,545**|**£3,461**| ## _**15. Analysis of Charitable Funds**_ ## **Unrestricted Funds** ||**At 1 April**
**2024**|**Income**|**Expenditure**|**Gains and**
**Losses**|**At 31**
**March 2025**| |---|---|---|---|---|---| |**General**
**Funds**|**£227,211**|**£49,539**|**(£35,713)**|**(£546)**|**£240,491**| ||**At 1 April**
**2023**|**Income**|**Expenditure**|**Gains and**
**Losses**|**At 31**
**March 2024**| |**General**
**Funds**|**£245,848**|**£193,871**|**(£212,144)**|**(£364)**|**£227,211**| Page 19 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## _**16. Analysis of Net Assets Between Funds**_ ||**Unrestricted**
**Funds 2025**|**Total Funds**
**2025**|**Total Funds**
**2025**|**Unrestricted**
**Funds 2024**|**Unrestricted**
**Funds 2024**|**Total Funds**
**2024**| |---|---|---|---|---|---|---| |Tangible
Fixed Assets|Nil|Nil||Nil||Nil| |Investments|£118,066|£118,066||£113,209||£113,209| |Current
Assets|£125,970|£125,970||£117,463||£117,463| |Creditors
Less Than
One Year|(£3,545)|(£3,545)||(£3,461)||(£3,461)| |**Net Assets**|**£240,491**|**£240,491**||**£227,211**||**£227,211**| |**Management Information**
**Detailed Statement of Financial Activities Year**
**Income and Endowments**||||**Ended 31 March 2024**||| |**Item**|||**Year Ending 31**
**March 2025**||**Year Ending 31**
**March 2024**|| |Market Rents|||£25,146||£24,724|| |Fair(Net of Related Expenses)|||£10,975||£11,085|| |Leases and Licenses|||£6,546||£4,492|| |Wayleaves|||£134||£10,451|| |Donations|||Nil||£2,500|| |Grants|||Nil||£136,915|| |**Sum**|||**£42,801**||**£190,167**|| |Income from Listed Investments|||£4,675||£1,529|| |Bank Interest Receivable|||£2,063||£2,175|| |**Sum**|||**£6,738**||**£3,704**|| |**Other Income**|||**Nil**||**Nil**|| |**Total Income**|||**£49,539**||**£193,871**|| Page 20 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## **Expenditure** |**Item**|**Year Ending 31**
**March 2025**|**Year Ending 31**
**March 2024**| |---|---|---| |Rates|(£548)|(£548)| |Rent|Nil|Nil| |Water|Nil|Nil| |Levenside Footpath Enhancement|(£10,940)|(£183,663)| |Repairs and Maintenance|(£18,031)|(£25,577)| |Other interest payable and similar
charges|(£102)|(£113)| |Legal and Professional Fees|(£1,092)|(£1,968)| |ConsultancyFees|Nil|Nil| |||| |Donations|Nil|Nil| |SundryCosts|Nil|(£242)| |Market Expenditure|Nil|(£33)| |Other Interest Payable and Similar
Charges|Nil|Nil| |Grant to StokesleyTown Hall Trust|£5,000|Nil| |Grant to StokesleyTown Council|Nil|Nil| |**Total Expenditure**|**(£35,713)**|**(£212,144)**| |**Fair value adjustment on listed**
**investments**|**£1,175**|**(£381)**| |**Gains/(losses) on listed**
**investments**|**(£1,721)**|**£17**| |**Net Income/ (Expenditure)**|**£13,280**|**(£18,637)**| Page 21 of 22 Stokesley Manorial Lands Trust Annual Report and Financial Accounts for the year ended 31 March 2025 ## **Notes to the Detailed Statement of Financial Activities Year ended 31 March 2025** |**Item**|**Year Ending 31**
**March 2025**|**Year Ending 31**
**March 2024**| |---|---|---| |**Expenditure on charitable activities**
**Direct charitable expenditure**||| |Rates|(£548)|(£548)| |Rent|Nil|Nil| |Water|Nil|Nil| |Repairs and Maintenance|(£18,031)|(£25,577)| |Other interest payable and similar
charges|Nil|(£10)| |Legal and Professional Fees|Nil|(£960)| |SundryCosts|Nil|(£242)| |Market Expenditure|Nil|(£33)| |**Sum**|**(£23,579)**|**(£27,370)**| |**_Governance Costs_**||| |Levenside Footpath Enhancement|(£10,940)|(£183,663)| |AccountancyFees|(£1,092)|(£1,008)| |Bank Charges|(£102)|(£103)| |**Sum**|**(£12,134)**|**(£184,774)**| |**Total Expenditure**|**(£35,713)**|**(£212,144)**| Page 22 of 22 CHARITY REGISTRATION NUMBER: 1023299 Stokesley Manorial Lands Trust Unaudited Financial Statements 31 March 2025 Stokesley Manorial Lands Trust Flnancial Statements Year ended 31 March 2025 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The followlng pages do not torm part ol tho linanclal statements Detailed statement of financial activities 12 Notes to the detailed statement of financial activities 13 Stokesley Manorial Lands Trust Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial ststements of the charity for the year ended 31 March 2025. Referenc8 and admlnlstratlve detsils Reglstered charity name Stokesley Manorial Lands Trust Charlty reglslratlon nun￿ 1023299 Prlnclpal offl¢e The Town Hall Stokesley North Yorkshire TS9 SDG The trustees S Atklnson M Canavan S P Carey D Cook C Craster O Dell-Price 8 Griffiths C Johnson M Luxton D Oxley G Sowerby A Wake G Yuille (Appointed 15 May 2024) (Appointed 10 June 2025) (Resigned 4 April 2024) (Resigned 11 March 2025) (Appointed 12 November 2024) Company secretary J McLuckie Independènt examlner C S Gorman, FCA, FCCA Chipchase Manners 384 Linthorpe Road Mi(Jdlesbrough TS5 6HA Structure, govemance and management The charity was established by Deed of Trust dated July 1919 by Stokesley Parish Council (renamed Stokesley Town Council on 1 April 2017) and became a registered charity on 1 July 1993 with the Charity Commission No.. 1023299. The Managing Committee members are typicalty appointed on a 4 yearly basis, but is dependent on the date of the Town Council elections. These members are also members of Stokesley Town Council. Committee mgetings are held on the first Thursday of alternate months. Stokesley Manorial Lands Trust Trustees. Annual Report (¢onlinued) Year ended 31 March 2025 Obj8ctlV8s and actlvltles The charity is established to administer the activities of an area of land within the centre of Ihe town of Stokesley, which was bequeathed to Stokesley Town Council in 1919. The objective is to provide an income from these activities to support the Town Hall Trust as well as promote other charitable events. The majority of Manorial Lands are used for car park facilities during the week except for Friday when an open market is held and each tirst and third Saturday wh8n. respectively Farmers. Markets and Maskers. Markets take place. Rent is charged to each of the stall holders and the sums raised are provided for the benefit of the Trust. In addition to the activities concerned with letting the Manorial Lands, effort is also devoted to maintaining the condition of road surfaces. footways and such structures as are built upon them which come in the scope of the Manorial Lands. The charity is organised as an independent association of the local residents who are appointed from Stokesley Town Council except for the Secrelaryrrreasurer who is also the Clerk to Stokesley Town Council. The activities include the provision of the car parking spac8 in the centre of Stokesley and a weekly market. Annually the Manorial Lands are given over for one week during September for use by Stokesley Fair. A¢hlov•ments and pertorman¢• The level of lettings which include the weekly market, Farmers, Market and annual fair receipts Is sufficient to provide financial support to the Town Hall Trust when required. Flnanclal revlew The attach8d financial statements show the current state of affairs which the committee consider to be sound. Grants totalling £5.000 have been rnade to the Town Hall Trust in the year ended 31 March 2025 (year ended 31 March 2024 - Nill. The trustees. annual report was approved on 13 January 2026 and signed on behalf of the board of trustees by.. S Atkinson Trustee Stokesley Manorial Lands Trust Independent Examiner's Report lo the Trustees of Stokesley Manorlal Lands Trust Year ended 31 March 2025 I report to the Irustees on my examination of the financial statements of Stokesley Manorial Lands Trust {'the charity'l for the year ended 31 March 2025. Responslbllltles and basls of report 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 cttaritys 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 ACL Independènt examlner's statemant 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: accounting records were not kept in respect of the charity as required by sectlon 130 of the Act., or the financial statements do nol ac￿rd with those records. or the financial stalements do not comply with the applicable requir8ments concerning the form and content of accounts set out in the Charities (Accounts and Fleportsl Regulations 2008 other than any requirement that the accounts give a Irue and fair, vi8w which is not a matter considered as part ol an ind8pendent examination. I have no concerns and have come across no other matters in connection with th8 examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. C S Gorman, FCA, FCCA Independenl Examiner Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA Stokesley Manorial Lands Trust ststement of Financial Actlvltles Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Activities for generating funds Investment income 42,801 6,738 49,539 42,801 6.738 190,167 3,704 193,871 Total Income 49,539 Expenditure Expenditure on charitable activities Total expendlture 6.7 (35,713) (35,713) (35,713) (212,144} (35,713) {212,144) Net losses on investm8nts (5461 15461 1364) Nel Incomel(exp8ndlture) and nat movement In fund8 13,280 13,280 (18,637) Reconclllatlon of funds Total funds brought forward Total funds carrled lorward 227,211 240,491 227,211 240.491 245,848 227,211 The statement of financial activities includes all gains and losses recognised in the year. All income and 8xpenditure derive from continuing activities. The notes on pages 6 to 10 form part ol these flnanclal slatemonts. Stokesley Manorial Lands Trust Statement of Flnanclal Position 31 March 2025 2025 2024 Nots Flxéd assets Investments 12 118,066 113,209 Currant asset8 Cash at bank and in hand 125,970 117,463 Cradllors: amounts falling due wlthln one year Net current assets 13 (3.5451 122.425 240,491 240,491 (3.461 } 114,002 227.211 227,211 Toial assais1888 current Ilabllltl88 Net a88e18 Funds ot tho charlty Unrestricted funds 240.491 227,211 227.211 Total charlty lunds 14 240,491 These financial statements were approved by the board of trustees and authorised for issue on 13 January 2026, and are signed on behalf of the board by: S Atkinson Trustee Tha notes on pageg 6 to 10 form part of Ihese flnancial statements. Stokesley Manorial Lands Trust Notes to the Financial Ststements Year ended 31 March 2025 Gen8ral Informatlon 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. ststement of compllance These financial statements have been prepared in compliance with FFIS 102. The Financial Reporting Standard applicable in Ihe UK and the Flepublic 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. Accountlng pollcles Ba8ls of preparatlon The flnancial statements have been prepared on the historical cost basis, as modlfied by the revaluation of certain financial assets and liabilities and Investment propertles measured at fair value through Income or expenditure. The financial statements are prepared in sterling, which is the functional currency ot the entity. Golng concern There are no material uncertainties atx)ut the charitys ability to continue. Dlsclo8ure exemptlons The entity satisfies the crlteria of baing 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: la) No cash flow statement has been presented for the company. Ibl Disclosures in respect of financlal Instruments have not been presented. Judgements and key $ources of esllmation uncertalnty The Fxeparation of the flnancial stalements requires management to make judgements, estimates and assumptions that aff8Ct the amounls reported. These estimates and judgements are continually reviewed and are based on exFerience and other faclors. including expectations of future ev8nts that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charitys purrM)ses. Designated funds are unrestricted funds earmarl(ed 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 efKlowm8nt funds. Stokesley Manorial Lands Trust Notes to the Financial Ststements (Conllnued) Year ended 31 March 2025 Accountlng policies fcontlnued) 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 associatecl with Ihe transaction will Ilow 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 amouni Can be measured reliably. income from contracts for the supply of servlces is recognised with Ihe delivery of the contracted Service. This is classifled as unrestricted funds unless Ihere15 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. Resource8 axpended Expenditure Is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, arKI is classified under headings of the statement of financial activities to which it relates: expenditure on raising lunds includes the costs of all fundraising activities, events, non- charitable trading activities. aThJ the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, inclLJding those support costs and costs relating to th8 governance of the charity apportioned to charitable activities. other expenditure includes all expendlture 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 Ihe resource. Direct costs attribulable to a single activity are allocaled directly to that activity. Shared costs are apportioned between the activitl8S they contribute to on a reasonable, justifiable and consist8nt basts. InV8￿ments Listed investments are measured at fair value with changes in fair value b8ing recognised in profit or loss. Actlvltles for generatlng funds Unrestricted Total Funds Unrestricted Tolal Funds Funds 2025 Funds 2024 Donatlons Market rents Fair (nel of related expenses) Leases and licences Wayleaves Donations 25,146 10,975 6,546 134 25,146 10,975 6,546 134 24,724 11,085 4,492 10,451 2,500 24.724 11,085 4,492 10.451 2,500 Stokesley Manorial Lands Trust Notes to the Flnancial Statements {￿ntInU•d} Year ended 31 March 2025 Actlvities lor generatlng funds (coniinuedj Unrestricted Total Funds UnreStr￿ed Total FLJnds Funds 2025 Funds 2024 Granls Grants re￿1vable 136,915 190,167 136.915 42,801 42,801 190.167 Investmenl Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from listed investments Bank interest receivable 4,675 2,063 4,675 2,063 1.529 2,175 3,704 1,529 2.175 6,738 6.738 3,704 Expendlture on charltable acllvltles by lund ty Unrestricted Total Fund8 Unrestricted Total Funds Funds 2025 Funds 2024 Direct charitable expenditure Support costs 23,579 12,134 35,713 23,579 12,134 35,713 27.370 184.774 212,144 27.370 184,774 212.144 Ex￿ndIture on ¢harltable actlvltl•s by actlvlty ty Activltles undertaken directly Support costs Total funds 2025 Total fund 2024 Direct charitable expenditure Govemance costs 23.579 23,579 12.134 35,713 27.370 184,774 212,144 12,134 12,134 23,579 Nel1088es on Investments Unrestricted Tolal Funds Unrestricted Total Funds Funds 2025 Funds 2024 Fair value adjustment on listed investments Gains/{losses) on sale of listed investment 1.175 1.175 (381) (381) (1,721) 1546) (1,721) {546) 17 17 (364) (364) Stokesley Manorial Lands Trust Notes to the Flnanclal Statements Icondnued) Year ended 31 March 2025 Independant examination fees 2025 2024 Fees payable to the independent examiner for- Independent examination of th8 financial statements 1,092 960 10. Staff costs The Secretaryrrreasurer is paid by Stokesley Town Councll. There are no employees of Stokesl8y Manorial Lands Trust during the year ended 31 March 2025 or in the prior year ended 31 March 2024. 11. Trustee ramuneratlon and •xp•ns98 No trustees receive any emoluments (2024 . None). 12. Invg¥tment8 Llsted Invostmgnts Cost or valuatlon At 1 April 2024 Additions Disposals Fair v￿u8 movements 113.209 8,416 (4,734} 1,175 At 31 March 2025 118,066 Impalmiant At 1 Aprll 2024 and 31 March 2025 Carrylng amount At 31 March 2025 118,066 113,209 At 31 March 2024 All investments shown above are held at valuation. Flnanclal assot$ hald ai fair value Investments held as 1Sxed assets are revalued at mid-market value at the balance sheet date and the gain or loss taken to the statement of financial activities. 13. Credilors.. amounts talllng due wlthln one year 2025 2024 Amounts owed to undertakings in which the charity has a participating interest Accruals and deferred income 2,501 1,044 2,501 960 3,545 3,461 Stokesley Manorial Lands Trust Notes to the Financlal Statements (contimmdj Year ended 31 March 2025 1& Analysls of charitable fund$ Unrestrlcted funds Al Gains and 31 March 202 losses At 1 April 2024 Income Expenditure General funds 227.211 49,539 (35,713) (546) 240,491 At Gains and 31 March 202 losses At 1 April 2023 Income Expenditure General funds 245,848 193,871 {212.144) (3641 227,211 15. Anaty$i$ ol nel a88ets ￿tween funds Unrestricted Total Funds Funds 2025 Investments Current assets Creditors less than 1 year Net assets 118,066 125.970 (3,545) 240,491 118.066 125.970 {3,545) 240,491 Unrestricted Total Fund5 FurKJs 2024 Investments Current assets Credilors less than 1 year Net a&8et8 113,209 117,463 (3.4611 227,211 113,209 117,463 {3,461 } 227,211 10 Stokesley Manorial Lands Trust Management Infonnation Year ended 31 March 2025 Tho followlng pageg do not fonn part of the flnanclal 8tatement& 11 Stokesley Manorlal Lands Trust Detailed Stslement of Financial Actlvltles Year ended 31 March 2025 2025 2024 Income and endowments Activities for generating funds Market renls Fair (net of related exp￿Ses) Leases and licences Wayleaves Donations Grants receivable 25,146 10.975 6,546 134 24,724 11.085 4.492 10,451 2,500 136,915 42.801 190,167 Investmènt Income Income from listed inv8stments Bank interest receivable 4.675 2.063 1,529 2,175 3,704 6.738 Tolal Incom• 49,539 193,871 Expendllura Expendllure on charllable acllvllles Flales arKI water Levenside Footpath Enhancement Repairs to premises and other maintenance works Legal and professional fees Other interest payable and similar charges Grant to Stokesley Town Hall Trust Sundry expenses Market expenditure 1548) (548) (10,9401 (183,663) (18.031) {25,sn) (1,092) (1.9681 {102) (1131 <5.000) (242) 133) (35,713) {212,144) Tolal expendlturn 135.713) (212,144) Net losses on Investments Fair value adjustment on listed investments Gainsl(lossesl on sale of listed investment 1,175 (1,721) (546) 1381) 17 (3641 Net Incomel(expenditure) 13,280 {18,637) 12 Stokesley Manorial Lands Trust Notes to the Detailed Statement of Flnanclal Aclivities Year ended 31 March 2025 2025 2024 Expendlture on charitable actlvltles Direct charllable expenditure Actlvlties undertaken dlrectly Rates and water Repairs to premises and other rna1ntenan￿ works Legal and professional fees Other interest payable arKI similar charges Grant to Stokesley Town Hall Trust Sundry expenses Market expenditure (548) (18.031) (548) (25.577) (960) (10) (5,000> (242) (33) (27,370) 123.579) Governanc• costs Levenside Footpath Enhancement Accountancy fees Bank charges 110,940> (183,663) (1,092> (1.008) (102} {103) (12,134> {184,774) Expendlture on charltablg acllvltle8 (35.713} (212,144) 13 CHARITY REGISTRATION NUMBER: 1023299 Stokesley Manorial Lands Trust Unaudited Financial Statements 31 March 2025 Stokesley Manorial Lands Trust Flnancial Statements Year ended 31 March 2025 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The followlng pages do not torm part ol tho linanclal statements Detailed statement of financial activities 12 Notes to the detailed statement of financial activities 13 Stokesley Manorial Lands Trust Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial ststements of the charity for the year ended 31 March 2025. Referenc8 and admlnlstratlve detsils Reglstered charity name Stokesley Manorial Lands Trust Charlty reglslratlon nun￿ 1023299 Prlnclpal offl¢e The Town Hall Stokesley North Yorkshire TS9 SDG The trustees S Atklnson M Canavan S P Carey D Cook C Craster O Dell-Price 8 Griffiths C Johnson M Luxton D Oxley G Sowerby A Wake G Yuille (Appointed 15 May 2024) (Appointed 10 June 2025) (Resigned 4 April 2024) (Resigned 11 March 2025) (Appointed 12 November 2024) Company secretary J McLuckie Independènt examlner C S Gorman, FCA, FCCA Chipchase Manners 384 Linthorpe Road Mi(Jdlesbrough TS5 6HA Structure, govemance and management The charity was established by Deed of Trust dated July 1919 by Stokesley Parish Council (renamed Stokesley Town Council on 1 April 2017) and became a registered charity on 1 July 1993 with the Charity Commission No.. 1023299. The Managing Committee members are typicalty appointed on a 4 yearly basis, but is dependent on the date of the Town Council elections. These members are also members of Stokesley Town Council. Committee mgetings are held on the first Thursday of alternate months. Stokesley Manorial Lands Trust Trustees. Annual Report (¢onlinued) Year ended 31 March 2025 Obj8ctlV8s and actlvltles The charity is established to administer the activities of an area of land within the centre of Ihe town of Stokesley, which was bequeathed to Stokesley Town Council in 1919. The objective is to provide an income from these activities to support the Town Hall Trust as well as promote other charitable events. The majority of Manorial Lands are used for car park facilities during the week except for Friday when an open market is held and each tirst and third Saturday wh8n. respectively Farmers. Markets and Maskers. Markets take place. Rent is charged to each of the stall holders and the sums raised are provided for the benefit of the Trust. In addition to the activities concerned with letting the Manorial Lands, effort is also devoted to maintaining the condition of road surfaces. footways and such structures as are built upon them which come in the scope of the Manorial Lands. The charity is organised as an independent association of the local residents who are appointed from Stokesley Town Council except for the Secrelaryrrreasurer who is also the Clerk to Stokesley Town Council. The activities include the provision of the car parking spac8 in the centre of Stokesley and a weekly market. Annually the Manorial Lands are given over for one week during September for use by Stokesley Fair. A¢hlov•ments and pertorman¢• The level of lettings which include the weekly market, Farmers, Market and annual fair receipts Is sufficient to provide financial support to the Town Hall Trust when required. Flnanclal revlew The attach8d financial statements show the current state of affairs which the committee consider to be sound. Grants totalling £5.000 have been rnade to the Town Hall Trust in the year ended 31 March 2025 (year ended 31 March 2024 - Nill. The trustees. annual report was approved on 13 January 2026 and signed on behalf of the board of trustees by.. S Atkinson Trustee Stokesley Manorial Lands Trust Independent Examiner's Report lo the Trustees of Stokesley Manorlal Lands Trust Year ended 31 March 2025 I report to the Irustees on my examination of the financial statements of Stokesley Manorial Lands Trust {'the charity'l for the year ended 31 March 2025. Responslbllltles and basls of report 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 cttaritys 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 ACL Independènt examlner's statemant 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: accounting records were not kept in respect of the charity as required by sectlon 130 of the Act., or the financial statements do nol ac￿rd with those records. or the financial stalements do not comply with the applicable requir8ments concerning the form and content of accounts set out in the Charities (Accounts and Fleportsl Regulations 2008 other than any requirement that the accounts give a Irue and fair, vi8w which is not a matter considered as part ol an ind8pendent examination. I have no concerns and have come across no other matters in connection with th8 examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. C S Gorman, FCA, FCCA Independenl Examiner Chipchase Manners 384 Linthorpe Road Middlesbrough TS5 6HA Stokesley Manorial Lands Trust ststement of Financial Actlvltles Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Activities for generating funds Investment income 42,801 6,738 49,539 42,801 6.738 190,167 3,704 193,871 Total Income 49,539 Expenditure Expenditure on charitable activities Total expendlture 6.7 (35,713) (35,713) (35,713) (212,144} (35,713) {212,144) Net losses on investm8nts (5461 15461 1364) Nel Incomel(exp8ndlture) and nat movement In fund8 13,280 13,280 (18,637) Reconclllatlon of funds Total funds brought forward Total funds carrled lorward 227,211 240,491 227,211 240.491 245,848 227,211 The statement of financial activities includes all gains and losses recognised in the year. All income and 8xpenditure derive from continuing activities. The notes on pages 6 to 10 form part ol these flnanclal slatemonts. Stokesley Manorial Lands Trust Statement of Flnanclal Position 31 March 2025 2025 2024 Nots Flxéd assets Investments 12 118,066 113,209 Currant asset8 Cash at bank and in hand 125,970 117,463 Cradllors: amounts falling due wlthln one year Net current assets 13 (3.5451 122.425 240,491 240,491 (3.461 } 114,002 227.211 227,211 Toial assais1888 current Ilabllltl88 Net a88e18 Funds ot tho charlty Unrestricted funds 240.491 227,211 227.211 Total charlty lunds 14 240,491 These financial statements were approved by the board of trustees and authorised for issue on 13 January 2026, and are signed on behalf of the board by: S Atkinson Trustee Tha notes on pageg 6 to 10 form part of Ihese flnancial statements. Stokesley Manorial Lands Trust Notes to the Financial Ststements Year ended 31 March 2025 Gen8ral Informatlon 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. ststement of compllance These financial statements have been prepared in compliance with FFIS 102. The Financial Reporting Standard applicable in Ihe UK and the Flepublic 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. Accountlng pollcles Ba8ls of preparatlon The flnancial statements have been prepared on the historical cost basis, as modlfied by the revaluation of certain financial assets and liabilities and Investment propertles measured at fair value through Income or expenditure. The financial statements are prepared in sterling, which is the functional currency ot the entity. Golng concern There are no material uncertainties atx)ut the charitys ability to continue. Dlsclo8ure exemptlons The entity satisfies the crlteria of baing 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: la) No cash flow statement has been presented for the company. Ibl Disclosures in respect of financlal Instruments have not been presented. Judgements and key $ources of esllmation uncertalnty The Fxeparation of the flnancial stalements requires management to make judgements, estimates and assumptions that aff8Ct the amounls reported. These estimates and judgements are continually reviewed and are based on exFerience and other faclors. including expectations of future ev8nts that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charitys purrM)ses. Designated funds are unrestricted funds earmarl(ed 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 efKlowm8nt funds. Stokesley Manorial Lands Trust Notes to the Financial Ststements (Conllnued) Year ended 31 March 2025 Accountlng policies fcontlnued) 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 associatecl with Ihe transaction will Ilow 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 amouni Can be measured reliably. income from contracts for the supply of servlces is recognised with Ihe delivery of the contracted Service. This is classifled as unrestricted funds unless Ihere15 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. Resource8 axpended Expenditure Is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, arKI is classified under headings of the statement of financial activities to which it relates: expenditure on raising lunds includes the costs of all fundraising activities, events, non- charitable trading activities. aThJ the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, inclLJding those support costs and costs relating to th8 governance of the charity apportioned to charitable activities. other expenditure includes all expendlture 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 Ihe resource. Direct costs attribulable to a single activity are allocaled directly to that activity. Shared costs are apportioned between the activitl8S they contribute to on a reasonable, justifiable and consist8nt basts. InV8￿ments Listed investments are measured at fair value with changes in fair value b8ing recognised in profit or loss. Actlvltles for generatlng funds Unrestricted Total Funds Unrestricted Tolal Funds Funds 2025 Funds 2024 Donatlons Market rents Fair (nel of related expenses) Leases and licences Wayleaves Donations 25,146 10,975 6,546 134 25,146 10,975 6,546 134 24,724 11,085 4,492 10,451 2,500 24.724 11,085 4,492 10.451 2,500 Stokesley Manorial Lands Trust Notes to the Flnancial Statements {￿ntInU•d} Year ended 31 March 2025 Actlvities lor generatlng funds (coniinuedj Unrestricted Total Funds UnreStr￿ed Total FLJnds Funds 2025 Funds 2024 Granls Grants re￿1vable 136,915 190,167 136.915 42,801 42,801 190.167 Investmenl Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from listed investments Bank interest receivable 4,675 2,063 4,675 2,063 1.529 2,175 3,704 1,529 2.175 6,738 6.738 3,704 Expendlture on charltable acllvltles by lund ty Unrestricted Total Fund8 Unrestricted Total Funds Funds 2025 Funds 2024 Direct charitable expenditure Support costs 23,579 12,134 35,713 23,579 12,134 35,713 27.370 184.774 212,144 27.370 184,774 212.144 Ex￿ndIture on ¢harltable actlvltl•s by actlvlty ty Activltles undertaken directly Support costs Total funds 2025 Total fund 2024 Direct charitable expenditure Govemance costs 23.579 23,579 12.134 35,713 27.370 184,774 212,144 12,134 12,134 23,579 Nel1088es on Investments Unrestricted Tolal Funds Unrestricted Total Funds Funds 2025 Funds 2024 Fair value adjustment on listed investments Gains/{losses) on sale of listed investment 1.175 1.175 (381) (381) (1,721) 1546) (1,721) {546) 17 17 (364) (364) Stokesley Manorial Lands Trust Notes to the Flnanclal Statements Icondnued) Year ended 31 March 2025 Independant examination fees 2025 2024 Fees payable to the independent examiner for- Independent examination of th8 financial statements 1,092 960 10. Staff costs The Secretaryrrreasurer is paid by Stokesley Town Councll. There are no employees of Stokesl8y Manorial Lands Trust during the year ended 31 March 2025 or in the prior year ended 31 March 2024. 11. Trustee ramuneratlon and •xp•ns98 No trustees receive any emoluments (2024 . None). 12. Invg¥tment8 Llsted Invostmgnts Cost or valuatlon At 1 April 2024 Additions Disposals Fair v￿u8 movements 113.209 8,416 (4,734} 1,175 At 31 March 2025 118,066 Impalmiant At 1 Aprll 2024 and 31 March 2025 Carrylng amount At 31 March 2025 118,066 113,209 At 31 March 2024 All investments shown above are held at valuation. Flnanclal assot$ hald ai fair value Investments held as 1Sxed assets are revalued at mid-market value at the balance sheet date and the gain or loss taken to the statement of financial activities. 13. Credilors.. amounts talllng due wlthln one year 2025 2024 Amounts owed to undertakings in which the charity has a participating interest Accruals and deferred income 2,501 1,044 2,501 960 3,545 3,461 Stokesley Manorial Lands Trust Notes to the Financlal Statements (contimmdj Year ended 31 March 2025 1& Analysls of charitable fund$ Unrestrlcted funds Al Gains and 31 March 202 losses At 1 April 2024 Income Expenditure General funds 227.211 49,539 (35,713) (546) 240,491 At Gains and 31 March 202 losses At 1 April 2023 Income Expenditure General funds 245,848 193,871 {212.144) (3641 227,211 15. Anaty$i$ ol nel a88ets ￿tween funds Unrestricted Total Funds Funds 2025 Investments Current assets Creditors less than 1 year Net assets 118,066 125.970 (3,545) 240,491 118.066 125.970 {3,545) 240,491 Unrestricted Total Fund5 FurKJs 2024 Investments Current assets Credilors less than 1 year Net a&8et8 113,209 117,463 (3.4611 227,211 113,209 117,463 {3,461 } 227,211 10 Stokesley Manorial Lands Trust Management Infonnation Year ended 31 March 2025 Tho followlng pageg do not fonn part of the flnanclal 8tatement& 11 Stokesley Manorlal Lands Trust Detailed Stslement of Financial Actlvltles Year ended 31 March 2025 2025 2024 Income and endowments Activities for generating funds Market renls Fair (net of related exp￿Ses) Leases and licences Wayleaves Donations Grants receivable 25,146 10.975 6,546 134 24,724 11.085 4.492 10,451 2,500 136,915 42.801 190,167 Investmènt Income Income from listed inv8stments Bank interest receivable 4.675 2.063 1,529 2,175 3,704 6.738 Tolal Incom• 49,539 193,871 Expendllura Expendllure on charllable acllvllles Flales arKI water Levenside Footpath Enhancement Repairs to premises and other maintenance works Legal and professional fees Other interest payable and similar charges Grant to Stokesley Town Hall Trust Sundry expenses Market expenditure 1548) (548) (10,9401 (183,663) (18.031) {25,sn) (1,092) (1.9681 {102) (1131 <5.000) (242) 133) (35,713) {212,144) Tolal expendlturn 135.713) (212,144) Net losses on Investments Fair value adjustment on listed investments Gainsl(lossesl on sale of listed investment 1,175 (1,721) (546) 1381) 17 (3641 Net Incomel(expenditure) 13,280 {18,637) 12 Stokesley Manorial Lands Trust Notes to the Detailed Statement of Flnanclal Aclivities Year ended 31 March 2025 2025 2024 Expendlture on charitable actlvltles Direct charllable expenditure Actlvlties undertaken dlrectly Rates and water Repairs to premises and other rna1ntenan￿ works Legal and professional fees Other interest payable arKI similar charges Grant to Stokesley Town Hall Trust Sundry expenses Market expenditure (548) (18.031) (548) (25.577) (960) (10) (5,000> (242) (33) (27,370) 123.579) Governanc• costs Levenside Footpath Enhancement Accountancy fees Bank charges 110,940> (183,663) (1,092> (1.008) (102} {103) (12,134> {184,774) Expendlture on charltablg acllvltle8 (35.713} (212,144) 13