THE NU￿ALL TRUST
TRUSTEES. ANNUAL REPORT
AND FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 JANUARY 2024

THE NU￿ALL TFIUST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
PAGE 1
ADDRESS
60 High Street
Burnham-on-sea
Somerset
TA81PE
REGISTRATION NUMBER
1085196
GOVERNING INSTRUME
The Trust was constituted by the Wills of the late Edna lone Nultall who died on 9 January 1999 and
the late James Nuttall who died on 12 January 1999 and amalgamated in The Nuttall Trust by deed
dated 12 January 2001.
OBJECTS
The objects of the Charity are such charitable purposes for the general benefit of the inhabitants of the
said Parishes of Brent Knoll. East Brent, Mark and Lympsham. The Trust is administered by the
Truslees.
TRUSTEES
The Trustees who have acted during the year are:
Mr J H Counsell
Mr N Redding
Mr R C Banwell
Mr J Baker
The Trustees have full and unrestricted ￿werS of investment.
SOLICITORS
Barrington & Sons
60 High Street
Burnham-on-sea
Somerset
TA81PE
INDEPENDENT EXAMINER
David Wright
Westcotts (SW) LLP
80 Oxford Street
Burnham-on-sea
Somerset
TA81EF

THE NurrALL TRUST
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
PAGE 2
STOCKBROKERS
JMFinn&Co
St Brandons House
29 Great George Slreet
Bristol
BS15QT
BANKERS
Lloyds Bank
73 High Street
Burnham-on-sea
Somerset
TA8 INP
SUMMARY OF ACTIVITIES
The Trustees sought suitable recipients for grants from occupiers and organisations within the Parishes
of Brent Knoll, East Brent, Mark and Lympsham.
The total holdings were worth £1,163,803 at January 2024 (£1,179,175 at 31 January 2023).
The Trustees policy is to distribute the majority of the charty's income reseNes, thus maintaining a low
level of reserves. Grants of £38,146 were made leaving a deficit of £23,864 for the year under review.
REMUNERATION
No remuneration or other benefits have been paid or are payable to any trustee or connected person
in the period under review.
ACCOUNTS
The accounts have been prepared on a receipts and payments basis and prepared in accordance with
applicable accounting standards and Statements of Recommended Practice and comply with the
Charities Act, statutory requirements and the governing instrument.
STATEMENT OF MAJOR RISKS
The Trustees hereby agree that the major risks to which the Charity is exposed are as follows:_
Inappropriate investment.
Inability io act in a timely fashion to professional advice on investments.
Establishing bona fides of Applicants for Grants from Ihe Trust.
Security of cash investments and security documents.

THE NUThALL TRUST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
PAGE 3
STATEMENT OF MAJOR RISKS Continued
The Trustees having reviewed these major risks certify that they have adequate systems in place by
the taking of timely professional advice on investment. portfolio and investment documentation, local
knowledge of potential applicants for grants and acting in a collegiate fashion in decision making with
any two Truslees able to act by and on behalf of all Trustees.
Approveol by the Trustees and signed on their behalf by:
N REDDING
Dated

PAGE 4
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE NUTTALL TRUST
FOR THE YEAR ENDED 31 JANUARY 2024
Responsibilities and basis of reporl
I report to the trustees on my examination of the accounts of the above charity (llhe Trust'l for the year
ended 31 January 2024. As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011 ('the Act"). I report in respect
of my examination of the Trust's accounls 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.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination which gives me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act., or
the accounts did not accord with the accounting records. or
Ihe accounts did not comply with the applicable requirements concerning the forrn and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requiremenl 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.
DAVID WRIGHT
WESTCOTTS (SW} LLP
CHARTERED ACCOUNTANTS
80 OXFORD STREET
BUFINHAM-ON-SEA
SOMERSET
TA81EF
11.12.24

THE NUThALL TRUST
RECEIPTS AND PAYMEKfs ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2024
PAGE 5
2024
2023
INCOME FUND
Receipts
Dividends {net}
Surplus/(Deficit) on investment sold
32.558
(6,012)
35,424
2,268
Payments
Grants
Independent Examiner's fee
J M Finn & Co fees
Barringtons Fee
38,146
930
9,894
1440
31,945
1,668
10,184
1,440
Total expenditure
50,410
(45,237)
Surplus l (Deficil) for year
(23.864)
(7.5451
Capital funds
Investments made
Investments sold (see note below)
58,636
(23,892)
33,834
51,049
(44,672)
59,803
Surplus carried forward
44,714
58,635
REPRESENTED BY:
Lloyds Bank
Barringtons- Client Account
JMFinn&Co
34.294
41.477
774
17,824
11,860
46.154
60,075
Current Assets
Current Liabilities
(1,440)
(1,4401
44,714
58,635

THE NurrALL TRUST
STATEMENT OF ASSETS AND LIABIUTIES
AT 31 JANUARY 2024
PAGE 6
2024
2023
CAPITAL
FUND
INCOME
FUND
CAPITAL
FUND
INCOME
FUND
CASH AND BANK DEPOSITS
Lloyds
JMFinn&Co
Barringtons - Client Account
34.294
11.860
41,477
17,824
774
OTHER MONETARY ASSETS
Income tax repayments
OTHER MONETARY LIABILITIES
Creditors
(1.4401
(1,440}
INvESTME￿rs
Stocks and shares at cost (as per
attached schedule) (Valuation at
31 January 2024 £1.163,803}
(Valuation at 31 January 2023
£1,179,175)
610,107
620,048
610,107
44.714
620,048
58,635
These accounts were approved by the Trustees on
and signed on their behalf by..
N REDDING

THE NurrALL TRUST
SCHEDULE OF INVESTMENTS
AT 31 JANUARY 2024
PAGE 7
Quantity
Security
Cost @ 31
January 2024
Valuation
2024
Valuation
2023
2,100 Aberforth Smaller Companies
750 Anglo American plc
1,700 Associated British Foods plc
450 Ball Corp
11,930.77 BNY Mellon Fund Managers
5,000 BP plc
370 Capital Gearing Trust
1,900 DiaEeo plc 28
3,000 Experian Group plc
360 Ferguson plc
2,906 Land Securities Group plc
16,500 Legal & General Group plc
4,000 Lindsell Train Ltd
18,000 Lloyds Banking Group plc
1,833 National Grid plc
880 Nestle SA Ordinary
1.067 Rio Tinto plc
1,550 RIT Capital Partners
1,803 Royal Dutch Shell plc
13,000 Scottish Mortgage & Trust plc
2,100 Smith & Nephew plc
1,350 SSE- Scottish & Southern Energy plc
36,000 TR European Smaller Co's PLC
14.424.94 Troy Trojan O Inv
12,900 UK Treasury 1.25% Idx-Lkd 2027
17,250 UK Treasury 0.125% Idx-Lkd Gilt 22103/29
400 Unilever PLC Ord
230 Kone OYJ NPV
12,000 Bankers Investment Trust
1,000 Guinness Asset Management Fund PLC
3,000 Impax Environmental Markets
2,100 Polar Capital Funds Global Insurance
70 CG Portfolio Fund PLC
9,500 SVS Church House Investments
14,000 GCP Infrastructure Investments Ltd
2,400 Schroder Asian Total Return
100 Findlay Park Funds ICAV American
11,000 Greencoat UK Wind PLC
10,(X)O Allianz UK & European Inv Funds Strategic
85 Roche HLDNGS
100 Microsoft Corp Com STK
2,000 Segro PLC
15,123.10
6,896.00
13,550.01
9,045.55
11,380.02
19,900.60
15,901.25
14,046.35
14,701.94
14,578.26
28,224.00
14,224.50
39,797.00
19,675.06
25,827.73
23,122.50
17,020.00
54,349.50
85,696.00
53,460.00
28,980.00
25,998.75
31,552.00
21,287.07
25,685,75
24,442.50
18,259.50
66,880,00
76,778.00
40,896.00
20,586.10
41,910.00
16,300.40
9,464.40
18,788.25
86,963.27
67,423.73
30.349.00
42,803.22
97,396.00
23,404.50
23,267.25
58,680.00
18,013.86
25,250.66
26,209.69
10.271.25
10,155.48
12,336.00
18,293.50
12,900.00
16,438.59
14,020.30
10,397.75
13,552.00
10,560.00
13,405.95
17,523.00
10,130.00
21,493.19
20,128.01
20,728.97
15,849.02
27,103.51
8,411.50
13.737.52
14,329.78
14,659.73
29.810.33
9,809.50
11,734.67
17,894.31
9,606.10
14,826.96
24,762.23
24,863.74
15,768.69
10.023.22
9,855.38
15,673.23
12,005.43
10,183.43
14,828.27
10,581.65
42,075.00
17,092.00
7,656.30
19,338.15
79,352.25
58,717.01
29,388.00
44,119.41
100,594.00
23,320.50
22,747.50
57,420.00
18,406.22
26,314.77
27,426.43
15,388.00
9,006.31
12,456.00
20,116.70
11,385.00
17.262.42
13,197.10
10,426.25
12,199.74
13,998.87
15,680.81
13,517.26
24,563.32
20,109.78
17,866.53
10,128.00
16,038.89
15,862.00
8,971.00
19,216.20
31,349.20
17,636.00
610.100.56
1,163.802.90
1,179,174.92