THE NUTTALL TRUST
TRUSTEES, ANNUAL REPOFrr
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

THE NurrALL TRUST
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
PAGE 1
ADDRESS
60 High Slreel
Burnham-on-sea
Somerset
TA81PE
REGISTRATION NUMBER
-108519S
OBJECTIVES AND ACTIVITIES
The Trust was constituted by the Wills of the late Edna lone Nuttall 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.
The objects of the Charity are Such charitable purposes lor the general benefit of the inhabitants of the
Parishes of Brent Knoll, East Brent, Mark and Lympsham, and the trustees seek sultable recipients for
grants from occupiers and organisations within the Parishes ol Brent Knoll, East 8rent, Mark and
Lympsham.
Trustpe Appointn7ent
Trustees prior to appointment are subject to interview by the pxisting trustees and are selected on the
basis of their local conneclions and their experience. Appointments can take place at any meeting of
the Trustees lollowing the resignatlori of an incumbent trustee. Upon election as a trustee, they are
required to sign a deed of appointment, which is then registered with the Charities Commission. There
is no formal induction procedure is in place, but new trustees have the procedures and duties explained
by existing trustees.
Policy cn grant m2king
The trustees continue to make grants to families In accordance with the grant making policy which is
reviewed annually and updated where appropriate.
PubliG Benefit
.The trustees of The Nutlall Trust have regard and are aware of the Charity Commissions public benefit
guidance when exercising their duties lo which Ihe guldance is relevant. Together we ensure that we
carry out our charities purpose for Ihe public benefit.
TRUSTEES
The Trustees who have acted during the year are,.
Mr J H Coun5ell
Mr N Reclding
Mr R C Banwell
Mr J Baker
The Trustees have full and unrestricted powers of investment.

THE NurrALL TRUST
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
PAGE 2
SOLICITORS
Barrlnglon & Sons
60 High Street
Burnham-on-sea
Somerset
TA81PE
INDEPENDENT EXAMINER
Mrs C Willlams FCA DChA
Westcotl (SWI LLP
47 Boutporl Street
Barnstaple
Devon
EX31 1SQ
STOCKBROKERS
JMFinn&Co
St Brandons House
29 Great George Street
Bristol
S15QT
BANKERS
Lloyds Bank
73 High Street
Burnham-on-sea
Somersel
TA8 1NP
SUMMARY OF ACTIVITIES
During the year the Trust received income of £72,270 which comprised dividends of £32,782, and the
proceeds on the sale of investments of £39,488. Grants of £32,823 and payments of £10,201 were
made leaving a surplus 01 £29,246 for the year.
The Trust's principal sourc8s of funds
The Trust holds a portfolio of listed investments which are managed by J M Finn & Co. At the year end.
the total holdings were worth £1,202,995 (£1,163,803 at 31 January 20241.
Reserves Policy
The Trustees policy is to distribute the majority of the charity's income reserves, thus maintaining a low
level of reserves.
STATEMENT OF MAJOR RISKS
Tho Trustees hereby agree that tho major risks to which the Charity is exposed are as lollows:.
Inappropriate inveslment.
Inability to act in a timely fashion to professional advice on investments.
Establishing bona fides of Applicanls for Grants from the Trust,
Securiiy of cash inveslments and security documents.

THE NurrALL TRUST
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
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 prolessional advice on investment, portfolio and investment documentation, local
knowledge of potential applicants lor grants and acting in a collegiate fashiDn In decision making with
any two Trustees able to act by and on behalf of all Trustees.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the trustees, report and the financial statements in
accordance with the United Kingdom Accounting Slandards (United Kingdom Generally Accepted
AGCOUnting Practice> and applicable law and regulations,
The law applicable to charities requires the trustees lo prepare financial statements for each Ilnancial
year which give a true and fair view of the state ol affairs of the charity and of the incoming resources
and appllcatlon of resources of the charity for that period, In preparing these financial slalemenls, the
trustees are required lo:
select suitable accoullling policies and th8n apply them consistently.
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether appllcable accouniing 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 inappropriale to presume
that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that 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, the Charities (Accounts and Reports) Regulations 2008,
and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of
the charity and hence for taklng reasonable steps for the prevention and detection of fraud and other
irregularities.
The trustees are responsible forlhe maintenance and integrity of the corporate and financial information
included on the charitable company's website. Legislation governing the preparation and dissemination
of financial stat8menls may differ f rom legislation in other jurisdictions.
Approved by the Trustees and signed on their behalf by.,
N REDDING
Daled

PAGE 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NUTTALL TRUST
FOR THE YEAR ENDED 31 JANUARY 2025
I report to the trustees on my examination of the accounts of The Nutlall Trust for the year ended 31
January 2025.
Responsibllities and basis of report
As the charity trustees ol The Nullall Trusl, you are responsible lor the preparation of the accounls in
accordance with the requirements of the Charities Act 2011 I'the Act'}.
I report in respeGt of my examination of The Nuttall Trust's accounts carried out under section 145 01
the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by
Ihe Charity Commission under section 145(51(bl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention In
connectiDn with the examination giving me cause to believe that in any materlal respect,.
1. accounling records were not kept in respect ol Everything Ellie as required by section 1 $0 of the
Act; or
2. the accounts do not accord with those records. Dr
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 lo enable a proper understanding ol the accounts to be
reached.
Catherine Vvilliams FCA DChA
Independent Examiner
Westcott ISWI LLP
47 Boutport Street
Barnstaple
Devon
EX31 1 SQ

THE NurrALL TRUST
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2025
PAGE 5
2025
2024
INCOME FUND
Receipts
Dividends (gross)
Proceeds on investment5 sold
32,782
39,488
32,558
27,822
Payments
Grants
Independent Examiner's fee
J M Finn & Co fees
32,823
38,146
930
9.894
10,201
Tolal expenditure
43,024
48,970
Surplus I (Deficit) for year
29,246
11,410
Capital funds brought forward
Investments made
46,154
125,992)
58,636
123,892)
Surplus carried forward
49,408
46,154
REPRESENTED BY:
Lloyds Bank
Barringtons - Client Account
JMFinn&Co
34,254
34,294
15,154
11,860
49,408
46,154
All income and expenditure is unrestricted.

THE NurrALL TRUST
STATEMENT OF ASSETS AND LIABILITIES
AT 31 JANUARY 2025
PAGE 6
2025
2024
CAPITAL
FUND
INCOME
FUND
CAPITAL
FUND
INCOME
FUND
CASH AND BANK DEPOSITS
Lloyds
JMFinn&Co
Barringtons- Client Account
34,254
15,154
34,294
11,860
INVESTMENTS
Stocks and shares at cost {as per
attached schedule) {Valuation at
31 January 2025 £1,202,995)
(Valuation at 31 January 2024
£1,163,803}
531,574
610,107
631,574
49,408
610,107
46,154
These accounts were approved by the Trustees on
and signed oll theii behalf by:
N FIEDDING

THE NurrALL TRUST
NOTES TO THE FINANCIL STATEMENTS FOR THE YEAR ENDED
31 JANUARY 2025
PAGE 7
1 Accounting pollcles
Basis of preparatlon
The accounts have been prepared on a receipts and payments basis and prepared in accordanco with
applicable accounting standards and Statements of Flecommended Practice and comply with the
Charities Act, statutory requirements and the governing instrument.
Going concern
The trustees consider that thero are no material uncertaintles about the charlty's ability to continue as
a going concern.
Income and endowments
All incoming resources are included in the statement of financial activities when the charity receives the
income.
Expenditure
Expenditure is recognised on a payments basis. Expenditure includes any VAT which cannot be lully
recovered, and Is reported as part of the expenditure to which it relates.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly liquid
Investments that are readily convertible to a known amount of cash and are subjecl lo an insignificant
risk ol change in value.
2 Trustee remuneralion
No retlluneration or other benefits have been paid or are payable to any trustee or connected person
in the period under review.
3 Taxation
The charity is a regislerod charity and is therefore exempt from taxation.

THE NUTTALL TRUST
SCHEDULE OF INVESTMENTS
AT 31 JANUARY 2025
PAGE 7
Quantity
Securlty
Cosi @ 31
January 2025
Valuatlon
2025
Valuation
2024
2,100 Aberforth Smaller Companies
750 Anglo American plc
1,700 Associated British Foods pl
450 Ball Corp
11,930.77 BNY Mellon Fund Managers
5,000 BP plc
370 Capita l Gearing Trust
1,900 Diageo plc 28
2,200 Experian Group plc
360 Ferguson plc
16,500 Legal & General Group plc
4,000 Lindsell Train Ltd
18,000 Lloyd5 Banking Group plc
2,367 National Grid plc
880 Nestle SA Ordinarv
1067 Rio Tinto plc
1,550 RIT Capital Partners
1,803 Royal Dutch Shell plc
10,000 Scottish Mortgage & Trust plc
2,100 Smith & Nephew plc
1,350 SSE- Scottish & Southern Energy plc
36,000 TR European Smaller Co'5 PLC
14,425 Troy Trojan O Inv
12,900.00 UI( Treasury 1.25% Idx-Lkd 2027
17,250 UK Treasury 0.125% Idx-Lkd Gilt 22103/29
400 Unilever PLC Ord
350 1(one OYJ NPV
12000 Bankers Investment Trust
1,000 Guinness Asset Management Fund PLC
3,000 Impax Environmental Markets
2,100 Polar Capita l Funds Global Insurance
70 CG Portfolio Fund PLC
9500 SVS Church House Investments
2,400 Schroder Asian Total Return
11,000 Greencoat UK Wind PLC
10000 Allianz UK & European Inv Funds Strategic
85 Roche HLDNGS
100 Microsoft Corp Com STK
2000 Segro PLC
100 Essilorluxottica
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
12,440.10
14,578.26
20,728.97
15,849.02
27,103.51
11,855.80
13,737.52
14,329.78
14,659.73
29,810.33
7,545.77
11,734.67
17,894.31
9,606.10
14,826.96
24,762.23
24,863.74
15,768.69
14,885.21
9,855.38
15,673.23
12,005.43
10,183.43
14,828.27
10,581.65
12,199.74
13,998.87
15,680.81
13,517,26
24,563.32
20,109.78
17,866.53
17,686.25
30,408.00
17,853.75
32,334.00
20,225.94
28,398.81
21, 125.00
17,834.00
45,961.00
88,154.00
52,615,05
39,979,50
19,529.20
11,221.20
23,191.87
6U,369.39
52,186.97
30,566.00
48,293.36
108,550.00
21,672.00
22,025.25
63,864.00
19,834.29
26,912.26
28,227.08
18,528.00
14,630.88
15,048.00
22,957.80
12,210.00
20,477.52
13,246.24
10,521.25
11,808.00
18,996.17
13,233.00
8,427.00
21,524.32
33,492.84
14,348.00
22,213.86
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
53,46Q.00
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.OU
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
20,116.7D
11,385.00
17,262.42
13,197.10
10,426.25
10,128.DO
16,038.89
15,862.00
8,971.00
19,216.20
31,349.20
17,636.00
631,573.53
1,202,994.80
1,163,802.90