The Poors Estate and Others
Nafferton Feoffees ChaTlties Trust
(Charity Number 232796)
Annual Re
ort of the Trustees 2020
The Trustees 2020
Dr D F Wigglesworth
Mrs M A Buckion
Mrs F Trewartha
Mr Nick Waiies
Mr l Kiiching
Mr H Glover
Mrs C Harrison
Mr Barry Green
Mr Paul Nicholson
Chairnian
Honorary Secreiary
Vice Chairman
Honorary Treasurer
(Appointed 2020)
(Appointed 2019)
(Appoinied 2019)
(Appointed 2018)
(Appointed 2020)
(Appointed 2016)
(Appointed 2019)
(Appointed 2016)
(Appointed 2019)
Strucmre and Governance
The three charities known as the PooTS Trust. the Town Trust, and the John Baron
Trust covering the ecclesiastical parish of N'afferton, Wansford. and PockthoTpe, are
op¢raied logether, and knoivn as the Nafferton Feoffees Charities Trust.
The scheme incorporales the schemes of1890, 1960, and John Baron's Will of1709,
regulaied by the revised scheme of1974.
There are 9 trustees of Ihe scheme. These comprise of two nominated trnst¢es from
Nafferton Parish Council and one nominated trustee from Wansford Parish Council
(all 4-year appointmenls), with 6 co-opted tnjsiees (5-year apintments). Co-opted
Irusiees can be proposed for consideration by nomiT)ation: person5 Wlth appropriate
skills have th¢ opportunity to offer ihemselv¢s for selection. and appointment.
Grants and disbursements are nornially spent annually and derived from interest or
dividends from invested capital funds, and income from rental of property and
agricultural land. Howevcr. the Trustees may carry fund5 over from one year to
another to enable disbursements to be deferred or larger. in any one year as decided
by the Trnstees. Capital Funds may only be used for the purchase of property,
exceptional equipment, or land for the benefit of the Parish. On disposal of any
property, or land assel. the proceeds shall bc returned io investment capital.
The objectives of the Trust are.
To provide assistance to people in special hardship in the Parish.
Bursaries may be provided for Students.
Grdnts may be made for school sludents for study trips and projects etc.
Funding shall be aTrailable for the enhancement and development for public
benefil of village community facilities and recreaiion grounds and play areas
in the Parish.
Funding support for village institutions and groups which are of value to the
Communiiy within The parish. including children's and youth groups.
Financial Review
The total assets of ihe Trust ai Dec 2020 were £1,236.278. (£1,165,544 in 2019). This
includes the property and land owned by the Trusts (£i56,075). whicli have been
actively managed and maintained during the year. bui Ehe main a5sel is invested funds
in Bank deposits and Inveslmenl Funds with CCLA of £833,638.
The income generated from these assets and oiher financial investments was £34.252
(£32.692 in 2019); This has enabled grants and disbursements of £13,520 to be made
during the year.
Administration expenses incurred by the Trnsi (£1,110) in the year were for
professional fees, insurdnce and sundry expenses.
The Charity Trust does not act as custodian Irustees for any other Charities.
Achievements and Perforniance
The Trustees of Nafferton Feoffees Charities Trust have had four meelings during th¢
year of 2020, but due lo Covid restrictions three of these have been held by Zoom.
There has been no change to thc Trustees during ihe past year.
As in prcvious years. the laroest disbursements in the last year have been for the
Scholarship scheme. Other recipienis of granis have once again been several village
group£ and youth organisations, and individual young people to help with their wider
educational and sporting needs. and towards furthering the fabric and appearance of
the village ofNafferton. However, Ihe grants made for the SEudents to travel with
World Challenge to Madagascar wer¢ nol taken up because of cours¢ the trip was
cancelled due lo the pandemic in 2020. The T51 also supported Nafferton WI,
Nafferton in Bloom, in addition to individuals. enabling them to further their
educational sNdies and life experience.
The Trust continues to fund its annual scholarships (the scheme is now in its
nineteenth year). to two local swdents entering University on a degree course. for
their course duration- Ihey receive £2100 and £1500pa. We have nded addilional
smaller awards loo. The bursary recipients continue to express their gratitude for the
support. and enthusiastically report their progress to us. The trnstees have agreed to
award bursaries for the next financial year and continue lo explore other ways to
help non-university students develop skills and gain qualifications locally loo.
During ihe past year the Trnst has been working with the Trnstees of the Jefferson
Hodgson Tnl to bring about the merger of that TNSI with the Nalferton Feoffees
Chariiies Trust. Thi5 process is not yel llY completed. however. Ihe Charity
Cornmission have confinned the merger from I si January 20? I, but the financial
investments and cash accouni have not yet been transferred. This merger brings Ihe
Charities together wilh substantial financial security 10 continue to support common
aims and objectives 10 SUPPOrt ihe village of Nafferton, will bring about an
opportunity of ini'estment in the Parks lo provide improvements for community
benefii.
Public Benefit
The trusiees confinn that they have complied with their duty to have due regard to the
guidance on public benefil published by the Charity Commission in exercising their
powers and duties during 20?0.
ort Confirnied b TTUSt¢es
Dat¢; at the AGM of the Trusiees on Tuesday 20ih April 2021 this report was
approved.
Address of Honorar
Secrela
of Nafferton Feoff¢es Charities Trust
South Catileholmes Farn]
Wansford
DRIFFIELD
Y025 8NW
Dr David Wigglesworth
Chainnan
20th April 2021
## **NAFFERTON FEOFFEES**
## **FINANCIAL STATEMENTS**
**YEAR ENDED 31 DECEMBER 2022 Registered Charity No. 232796**
Page 1
## **NAFFERTON FEOFFEES**
## **Financial Statements for the Year Ended 31 December 2022**
|**Contents**|**Page**|
|---|---|
|Independent Examiner's Report|3|
|Statement of Trustees' Responsibilities|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the financial statements|7-9|
Page 2
## **NAFFERTON FEOFFEES**
## **INDEPENDENT EXAMINERS REPORT YEAR ENDED 31 December 2022**
## **Report of the independent examiners to the Trustees of Nafferton Feoffees**
We report on the accounts of Nafferton Feoffees for the year ended 31 December 2022 which are set out on pages 3 to 5
## **Trustees**
The trustees at the financial year end were as follows: Dr D F Wigglesworth Mr H Glover Mr N Waites Mrs F Trewartha Mr N Robson Mr S Sharp Mr I Kitching Mr T J Wakeley
## **Respective responsibilities of trustees and examiner**
The trustees are responsible for the preparation of the accounts.
The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is our responsibility to:
- (a) examine the accounts under section 145 of the 2011 Act;
(b) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
( c) to state whether particular matters have come to our attention.
## **Basis of the independent examiner's report**
Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with our examination, no matter has come to our attention:
(1) which gives us reasonable cause to believe that in any material respect the requirements:
(a) to keep accounting records in accordance with section 130 of the 2011 Act; and
(b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Signed by : Jackson Robson Licence, Chartered Accountants**
**33-35 Exchange Street, Driffield, East Yorkshire, YO25 6LL on: 27th April 2023.**
Page 3
## **NAFFERTON FEOFFEES**
## **Financial Statements for the Year Ended 31 December 2022**
## **Statement of Trustees' responsibilities**
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. In preparing those financial statements the trustees are required to:-
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates which are reasonable and prudent;
- state which accounts have been prepared in accordance with the Statement of Recommended Practice - Accounting by Charities; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the concern will continue in operation.
The trustees are required to act within the framework of trust law and the Charities Acts;they are also responsible for keeping proper accounting records. The trustees have a general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the funds and to prevent and detect fraud and other irregularities.
Annual Report dated: 18/04/2023
Page 4
## **NAFFERTON FEOFFEES STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2022**
|**Note**
**Incoming resources:**
Income from investments
2.1
Gain on revaluation of investment property
7
**Total incoming resources**
**Resources used:**
Cottage expenses
3.1
Grants and charitable donations
3.2
Trust management and
administration
3.3
**Total resources used:**
Net incoming/(outgoing) resources
Net movement in funds|**TOTAL**
**TOTAL**
Town
Poors
**FUNDS**
Town
Poors
**FUNDS**
Trust
Trust
**2022**
Trust
Trust
**2021**
£
£
**£**
£
£
**£**
-
32,600
**32,600**
-
33,790
**33,790**
-
-
-
-
**-**|
|---|---|
||-
32,600
**32,600**
-
33,790
**33,790**|
||-
8,704
**8,704**
-
1,648
**1,648**
-
211,197
**211,197**
-
28,906
**28,906**
-
792
**792**
-
756
**756**|
||-
220,693
**220,693**
-
31,310
**31,310**|
||-
(188,093)
**(188,093)**
-
2,480
**2,480**|
||-
188,093
-
**188,093**
**-**
-
2,480
**2,480**|
Page 5
## **NAFFERTON FEOFFEES BALANCE SHEET YEAR ENDED 31 DECEMBER 2022**
|**TOTAL**
**FUNDS**
**Note**
**2022**
**£**
**Fixed assets:**
Tangible fixed assets
4
246,075
Intangible assets
5
588
Investment assets-other funds
6
690,697
Investment property
7
170,000
**1,107,360**
**Current assets:**
Bank current accounts
8
24,197
**24,197**
**Net current assets:**
**24,197**
**TOTAL NET ASSETS**
**1,131,557**
**FUNDS:**
Capital Reserve
9
**1,131,557**
**TOTAL FUNDS**
**1,131,557**
_Signed by the Treasurer, Mr N Waites_
_Approved and signed_
_on: 18/04/2023_
_by the Chairman, Dr DF Wigglesworth_
_on: 18/04/2023_|**TOTAL**
**FUNDS**
**2021**
**£**
246,075
588
985,181
170,000|
|---|---|
||**1,401,844**|
||32,290|
||**32,290**|
||**32,290**|
|||
||**1,434,134**|
||**1,434,134**|
||**1,434,134**|
|||
………………………………
…………………………………………….
Page 6
## **NAFFERTON FEOFFEES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022**
**1. Accounting policies** (this note should be read in conjunction with the following notes 2 to 10)
The financial statements have been prepared in accordance with the Charities Act 2006 together with applicable accounting standards and the Charities Statement of Recommended Practice.
The financial statements have been prepared under the historical cost convention with the exception of tangible fixed assets and investment properties which are included at valuation, and investment assets, included at market value.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold land & buildings are not depreciated.
## **Investment assets**
Investment assets are shown in the balance sheet at market value.
## **Investment property**
Investment property has been accounted for in accordance with FRS 102 as follows:
(a) investment properties are revalued annually and the gain or loss is taken to the profit and loss account.
(b) investment properties are not depreciated but remeasured to fair value at each reporting
Page 7
## **NAFFERTON FEOFFEES NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2022**
||**YEAR ENDED 31 DECEMBER 2022**|
|---|---|
|**2. Incoming resources**
2.1 Income from investments:
Field rents
Less : Commission
Cottage rents
Less : Commission & expenses
Dividends received
Bank Interest received
**Total incoming resources**
**3. Resources used**
3.1 Costs of generating funds:
Cottage repairs
Advertising and postage costs
Professional fees - letting costs
Insurance
Land maintenance and park work
3.2 Grants, charitable donations
Nafferton in bloom
Nafferton WI
Scholarship expenses
N & A Titchener - daughter archery
Nafferton School Yurt
Nafferton Recreation Club Floodlights
Interviews
Nafferton Methodist Church Refurbishment
Nafferton Under Fives iPad
Benjamin Glover|**TOTAL**
**TOTAL**
Town
Poors
**FUNDS**
Town
Poors
**FUNDS**
Trust
Trust
**2022**
Trust
Trust
**2021**
£
£
**£**
£
£
**£**
-
3,342
**3,342**
-
3,459
**3,459**
-
(401)
**(401)**
-
(372)
**(372)**
-
8,815
**8,815**
-
8,280
**8,280**
-
(5,152)
**(5,152)**
-
(2,317)
**(2,317)**
-
25,997
**25,997**
-
24,739
**24,739**
-
-
**-**
-
1
**1**|
||-
32,600
**32,600**
-
33,790
**33,790**|
||**-**
32,600
**32,600**
-
**33,790**
**33,790**|
||**TOTAL**
**TOTAL**
Town
Poors
**FUNDS**
Town
Poors
**FUNDS**
Trust
Trust
**2022**
Trust
Trust
**2021**
£
£
£
**£**
-
-
**-**
-
-
**-**
-
-
**-**
-
68
**68**
-
-
**-**
-
1,014
**1,014**
-
963
**963**
-
311
**311**
-
7,741
**7,741**
-
255
**255**|
||-
8,704
**8,704**
-
1,648
**1,648**|
||-
-
**-**
-
500
**500**
-
300
**300**
-
250
**250**
-
20,500
**20,500**
-
15,550
**15,550**
-
50
**50**
-
600
**600**
-
-
**-**
-
10,000
**10,000**
-
103
-
**103**
**-**
-
2,006
**2,006**
-
600
**600**
-
-
**-**
-
187,500
**187,500**
-
-
**-**
-
950
**950**
-
-
**-**
-
1,400
**1,400**
-
-
**-**|
||-
211,197
**211,197**
-
28,906
**28,906**|
Page 8
## **NAFFERTON FEOFFEES NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2022**
|3.3 Trust management and
administration:
Professional fees
**Total resources used**|**TOTAL**
**TOTAL**
Town
Poors
**FUNDS**
Town
Poors
**FUNDS**
Trust
Trust
**2022**
Trust
Trust
**2021**
£
£
**£**
£
**£**
-
792
**792**
-
756
**756**|
|---|---|
||-
792
**792**
-
756
**756**|
|||
||**-**
220,693
**220,693**
**-**
31,310
**31,310**|
## **4. Tangible fixed assets**
|**4. Tangible fixed assets**||
|---|---|
|VALUATION
18th April 2019
Transfer of land from Jefferson and Hodgson Charity Trust|**Land**
**£**
**186,075**
**60,000**|
||**246,075**|
The land comprises of a Grade 2 arable field, Bridlington Road, Nafferton, a Grade 3 arable field, Carr Lane, Nafferton and also Grade 3 grass field, Nethergate, Nafferton. The other properties owned by the trust have been treated in the financial statements as investment properties (see note 7).
## **5. Intangible assets**
|||
|---|---|
|**5. Intangible assets**
BPS Entitlements 3.27ha land - Ruston Parva - at cost
**6. Investment assets**
CCLA Investment Management
**7. Investment property**
18th April 2019
28 Station Road, Nafferton
30 Station Road, Nafferton
**8. Bank current accounts and short term deposit accounts**
Bank of Scotland Current Account
**9. Capital Reserves**
Movements on the Capital reserves were:
Capital Reserves at 1 January 2021
Total net movement in funds
Increase / (Decrease) in value of Investment
Capital Reserves at 31 December 2022|**2022**
**2021**
**£**
**£**
588
588|
||**2022**
**2021**
690,697
985,181|
||**2022**
**2021**
85,000
85,000
85,000
85,000|
||170,000
170,000|
||**2022**
**2021**
24,197
32,290|
||45,977
25,355|
||**£**
1,434,134
(188,093)
(114,484)
**1,131,557**|
## **10. Status of Funds**
Both the Town trust and the Poors trust are general funds with no restrictions.
Page 9
## **NAFFERTON FEOFFEES INDEPENDENT EXAMINERS REPORT YEAR ENDED 31 December 2022**
## **Report of the independent examiners to the Trustees of Nafferton Feoffees**
We report on the accounts of Nafferton Feoffees for the year ended 31 December 2022 which are set out on pages 3 to 5
## **Trustees**
The trustees at the financial year end were as follows:
Dr D F WigglesworthMr H Glover Mr N Waites Mrs F Trewartha Mr N Robson Mr S Sharp Mr I Kitching Mr T J Wakeley
## **Respective responsibilities of trustees and examiner**
The trustees are responsible for the preparation of the accounts.
The trustees consider that an audit is not required for this year under section 144(2) of the Cha and that an independent examination is needed.
It is our responsibility to:
- (a) examine the accounts under section 145 of the 2011 Act;
- (b) to follow the procedures laid down in the general Directions given by the Charity C under section 145(5)(b) of the 2011 Act; and
- ( c) to state whether particular matters have come to our attention.
## **Basis of the independent examiner's report**
Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity an comparison of the accounts presented with those records. It also includes consideration of any items or disclosures in the accounts, and seeking explanations from you as trustees concerning matters. The procedures undertaken do not provide all the evidence that would be required in a and consequently no opinion is given as to whether the accounts present a 'true and fair view' a report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with our examination, no matter has come to our attention:
(1) which gives us reasonable cause to believe that in any material respect the requirements:
- (a) to keep accounting records in accordance with section 130 of the 2011 Act; and
(b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Signed by : Jackson Robson Licence, Chartered Accountants 33-35 Exchange Street, Driffield, East Yorkshire, YO25 6LL on: 27th April 2023.**
rities Act 2011 (the 2011 Act)
Commission
y nd a unusual g any such an audit and the
g