Charity registralion number.. 506119 Easthorpe Common Lands Foundation Annud ert and FiTwi¢ia] Statrments forthe Y¢ar Ended 31 December 2021 Nick Bonncllo RWB Chartered Accountants Northgate Hous¢ North G4te New Ba5ford Nottingham NG7 7BQ
Easthorpe Common Lands Foundation Contents (continued) Reference and Athninistrniive D¢tsils Trustee5' Report 2to3 Statement of Trtr¢s, R¢Sn$1111Ities Independent ExarnineV5 Rert Statement of Financial Activities Balance Sheet Noies to the Financi31 StateJn¢nts 814
Easthorpe Common LaDd& Foundation Referente and AdmiDiStrative Detai Cbairma Mr C Knapton Trusteej Ms E M Miichell MrMFStott MrRVBlat Mr A J H RfAlford Charlty Regl$tr•tion Number 506119 PTSn¢lpil Olll¢e CIO Soythwell ToTL co¢7] Offi The Burgage Southwell Nottin8h#mshi NG25 OEP Independent Exmlller Nick Bonnello RWB Chartered A¢countAnts North8ate House Nonh G¥tr New Basford Nollingh4m NG7 7BQ Page I
Easthorpe Common Lrdnds FouDdation Tru8tee8' Report The trustees Prese the a1u TeKKJrt tog¢ther with the financial 5tstements of the Clwity for the year ¢nd¢d 31 December 2021. Trugtees artd officers The mjstees and officers serving during the year and since the year end wrr¢ as follow5.' Trustees: M5 E M Mttehell Mr M F Stott (appointed 20 January 2021) Mr R V Blaney Mr A J H Radford Mr C Knapton Objtttives and •¢tivities Objects twlnLf The Charity established by a Iwy ¢t)dowment the lat¢ 19th ¢enrLtty. The objects of the clwity were established as, and remain &8, the provi5ioD Of health, welfare and education and the pmvision of facilitic5 to deliver such charitable objects for the YOUD& poor alld others in and around th¢ area of Easthorpe, SouthwEII. Nottinghamshire Pubtic btnefii Th¢ Inr¢S ¢onfimi that they have Compli with th¢ tequirements of CtiOn 17 of the Charities Act 2011 lo have duc regard to th¢ publi¢ benefit guidaDce Publish by the Charity Conjmission for England and Waies al that its obj¢¢ts are etrtirely Charitable. AthievemeDts and Performa¢¢ The Chity's policy is to make 8rallts to indidual$ may have financial. health or learning difficulties in order to provide facilities or therapies that will 151 their wnditions and similarly to make grants or8anisation5 to &SSi5t with particular projects or fxilities. The Charity aims to support particular projects rather than Providing assistan¢¢ io groups or individuals for Y-to4•Y mainiejwice or runDing costs. Grants of £1,560 werc mad¢ this year.. horse riding lessoDs for an iDdiYTrdual requiring rehabilitative therdpeutic support and kitehen equipmtnt for an alm5hou5¢ in Southwell to &ssist a local charitable Int. The Trustees meet four times a year to consider grdnt applications by r¢f¢r¢n¢e to published criteri4 applications are a]so &s5e55ed over email l)etween such rneetings Fin4n¢ial revie The total income re¢eiYed by the Charity amountd w £10.254. After deductin8 expenses of £19,077, the Ch8rity5' d¢fi¢it fwm ¢haritable activitie5 Wd5 £8.823. Afler the profit made frorn 5a]c of building £275,00 and the unreali5ed gain on investmeDt of £6.979. the cljarity made a surplus of £273.156 for the year. A5 at the year en¢ Ch¥ity's accumulated fimd amounts to £1.066,470 which solety includes gen¢rn] unYe$tricted fund5. Pag¢ 2
E&%thorpe Common Lands Foundation Trustees, Report (continued) JnveJthienipolicy objectiv FollowTrn8 consultation with users thc Charity took the de¢i$ion durin8 the year to sell both Easthorpe Ha]1 and the adjoining ¢ar¢tak¢r's ac£ommodation. Rental incomc frotn the H1 and its use had declined in recent year5 and in turn thc lack of incomc together with th¢ ODgoin8 costs of propcrty owmcr5hip and maintenance meant that ke¢ping and runnin8 thc Hall and ttage was having a significani detyimentsl effect tsn the Charity's finances with little b¢nefit for the 10¢41 ¢ommuntty. There were also increasing regUl10n burd¢ns iDvolv¢d with the provision of residtntial a¢¢ommothiot) and le8 adion bewm¢ necess winst a tenanL Professional advice was sought to th¢ sal¢ Price of th¢ wtta8e bein8 the full mwk¢t VAlu¢. The sale was SueSsfullY completed durin8 thc year. Th¢ lrnsie¢s have tdken the view ownership and rent41 of the Temainin8 PQrtfolits of agriculiural land and th¢ Allottnenls on Crink Lane and inv¢stsnenL on the advice of an IFA, of the pm¢e¢ds of s?]e of the hall and cotlagc is the best way lo maxirni5e the income of the Cbariry and minimi5c thc co$1 of maintsinit)g its inv¢svnent rx)rtfolio nd thereby for the Charity to thchieve its objeciives. Th¢ tTYSW$ ck to rnLximise the income fN)m capiial of th¢ Charity in order to U5¢ th income to mcct those objeaiyeg. The tnJst¢es intend to maintain and grow the ¢apitAi ovailable to the Charity in line with Infl10. Strncturei governante and mttiement NaiNre ofgovepwthg do¢¥m¢MI In a¢¢ordanc¢ with the Chrity5 8ovemirtg do¢umeni there ar¢ 5 trustees, two trustees Ilated by Southw¢ll Town Council aThd three c(H)ptcd trusirts including the Chair. The tru5tecs mcct four times a year to ¢on5ider and Tevi¢w the Charity'5 fiThanccs and invesknents. of on8oin8 adrnini5tration publicity {includin8 the use of a w¢b$it¢ link throuBh the Towm Council in order mort ¢ffeffliv¢ly to delivcr on the Charity's objKtive$}. Th¢ Charity is Currenily an uniD¢orw)rated aSSOCLalion under a mist deed going back to 1961 but the tru$l¢es hav¢ reached the decisiort to seek registration with th¢ Charity Commission as a ChaTitabl¢ Inwrporated Organisation (CIO) which the tNst¢es believe will better fa¢ilithte th¢ d¢liv¢ry of the Chtity'$ objeaives. The annual report was approved by the of the Charity on 10 June 2025 and $id on its b¢half by: Mr C Knapton Chairman Pa8¢ 3
Eth0rye Common Lands Foundation Statement of Trnstees, Responsibilities The trustees are responsible for preparing the trustee5' report and th¢ finan¢ial statements in accordance wtth th¢ unit Kingdom AccountiD8 Standards (linit Kiogdom Generally Accepted Acrounting Prnctieel and applicable law and regulations. The law applicable to charitie5 requires the Irustees to prepare faDCla[ sthtctllents for eaeh fllwicial year which give a true and fair view of the State of affairs of the Charity and of the in¢oming resources and application of r¢50ur¢es of the Charity for that peri¢Jd. In Pleparing these financial 5tsterncn thc trustees are required to.. seleL1 suitable accountitig poli¢i¢s and then apply them ¢onsi$tently: obsetve the method5 and principles in the Charities SORP; Tnake judgements and estimates th81 are reasonable and prudentr 5tatc whrther appli¢able accounling Standards hav¢ be¢n followe<L subjed to maieriaj departure5 di5cIos and explained in the financial st*ements: and prepare the fanCIal 5certts on the 8OiD8 concern ba515 unl¢ss it is ioappropriate to presume that the Charity will continue in business. The tWStees are responsible for kecping pper accounting ttcotd5 that dis¢los¢ with rea8onable accuracy at any lime the fu)ancial position of the Charity and enable them to eDsure that thc financia] statements cotnply with th¢ Charitie5 A¢t 2011, the Charitie5 {AccouDts and Rwns) RegLtlation5 21)08. and the provisions of the constitution. The trustees are a]50 responsible for safeguarding the &s5cts of the Charity and hence for taking reasonable sieps for the prevention and dete£tion of fraud and other irreg4]larities. The ¢tustee$ are resp)nsible for the maintenanre and integrity of the corporate and fin8ncial inforniation included on th¢ charitabl¢ tompany's website. Legislation governing the preparation and dissemination of financial statemcnts may diff¢r frnm legislation in other jurisdictiODS. Approved by the tru5t¢e5 of the Charity on 10 June 2025 and $i¢d on its behalf by". Mr C Knaplo Page 4
Easthorpe Common Lands FoundatlOD Independent Examintr's Report to the trustees of E¥sthorpe Common Lands Foundation I report to the trusi¢es on my ¢xaminion of the IOlts of Ea5thorpe Common Londs FouDdation for the year end¢d 31 December 2021. Responsibilities basis of report A5 the Charity trusiees of Easthorpe Cornm Lands FoUnlOn you we reSnsible for the pr¢parntion of the aecounts in accordance with the r¢quirements of the Charitics 2011 ('th¢ Ad,). I report in re5pe¢t of my examination of the EasthoTpe Common tands FoUndlOn,$ accounts carried out under section 145 of thc 201 l Act and in ¢aryin8 Out my exBMIniott I have folkTrw¢d all the ¥plicable Dir1109 given by the Ch&rity Commission tjnder section 14515Mbl of th¢ Ar¢. IDdependellt exAminer'i gttement I have ¢ompl¢t¢d my ¢x3mination. I confirni no material matt¢TS have ¢ome my attention in wnnection with the examination Biving m¢ ¢ause to believe that in any materigl Tespeet: l. accountin8 records wer¢ not k¢0 in respect of Comrnon L4nds FoUndlOn as required by section 130 of the Act.. or 2. the a¢counts do not accord with those records.. or 3. lh¢ Bccount3 do TK)t eomply with the acwuntin8 T4UiTernettts eon¢¢rnin8 the form and content of *cUnts set out in th¢ ChBritie5 (AOU and Reponsl Regulations 2008 other than any r¢qyirement that the a¢unt5 give a 'tTU¢ ond fair view, which is no¢ A maller Colded as part of 4n indep¢nd¢nt examinalion. I have no concerns and have Come acr055 tho other matters in conneciion with the examination lo whi¢h attention should b¢ dr8wn in this report in order to ea4ble a prop¢r understsnding of the aUnts to be rcaghed. Nick Bonnello RWB Chartered Ac¢ountants Northgate House North G&te New Basford Nottingham NG7 7BQ 10 June 2025 Poge 5
Easthorpe Common Lands Foundation Statement of Financial Activities for the Year Ended 31 December 2021 Unmtri¢t¢d rllodl Total 2021 Note Incorne #nd EDdowmeDts from: Charitable A¢tiviii¢s Investment incoTh¢ 7.730 2.524 7.730 2,524 Totsl in¢om¢ 10,254 10.254 ExpeDditure on: ChArithbl¢ 8¢tivitie$ 19,077) 19,077 Total expendkture Gainsllosses on investment sets 119.077) 281.979 Il9.0771 281.979 N¢t in¢ome 273.156 273,156 Net movEment itt funds 273.156 273.156 ReconcilitlOD of Total filt5 brought lorward Toiai wried fonvjrd 793.314 793.314 12 1.066.470 UnTestrictd fun 1.066.470 I'otal 2020 Note IDcome #Dd End•ents from.. Charitable Bctivities Inv¢stm¢nt in¢om¢ 10.244 802 10,244 802 Totsl income 11,046 11.046 Expeoditmre on: Charitable activities 7,099 7.099 TotAi txptnditu Gainsliosses on investment assets (7.0991 1,259 (7.0991 1,259 Net incorne 5206 5.206 Net nk)vemeni in fits 5206 5,206 ReeoncilAItloD of funds Total funds brought foTh¥ard 788,108 788.108 Total ful5 carried forward 12 793.314 793.314 The note5 on pa8es 8 14 forni an integrai part of these financia] statcmcnts. Page 6
E&¥thorpe Common Lands Foundalion (Reglslration number: 506119) Balance Sheet ag #t 31 December 2021 2021 2020 No Flxed J$etJ Tan8ible assets Inv¢smicnts 735.000 309.440 735.000 22,460 1.044.440 757,460 Currenl #gseig Cash ai bank and in h4nd 10 23,183 37,854 Credltorg.. Amounts falling due wltbltt otte yeAr 1,153 2,000 Net curren¢ imet$ 22.030 35.854 Net ij$¢t3 1,066.470 793.314 unds of the Chrlty: Unrestrl¢t¢d iDcome fund$ Unrestricted funds 1.066.470 793,314 Total funds 12 1,066.470 793,314 The finan¢1 stst¢rnents on pages 6 w 14 ¢ approved by the trusl¢es. and autlw)rised for issu¢ on 10 June 2025 and siBn¢d on their behglf by.. Mr C Knaplon Chaimian The notes on pages 8 to 14 form an integn] part of these financial sents. Page 7
E4sthorpe Common Landg Foundation Notes to the Financial Statements for the Year EDded 31 December 2021 l A¢¢ounting policiej Sttemtnt of eompllAD¢e The fancIal statements have been pT¢pared in accordantt with the second edition of the Charities Statem¢nl of Recommended Practice issued in O¢iober 2019, the Financia] Reporting Stsndord opplic4ble in the Unitd Kingdom and Republic of Ireland IFRS 1021 and the Charities ALt 2011. B•sl$ of prepArtlOD E&%thorpe Comtnon Lands FoW)dl0 meets the definition of • publi¢ benefit entity under FRS 102. The coUnts Ifmancial statemerttsl have been prepared under the hi5tori¢tl cost coThv¢niion with iterns rtcognised at COSI OT transLCtion value unless othcrwise swed in th¢ T¢levant 14$} to these accounts. Going conctrD The trlee9 Consider that there are no Tnrial uncthtiinties the Ch•Tity$ ability coniinue as a Boing n¢ern. ltscome Ind endowm¢n¢$ Income generated on rurthing alloth)ents for Ical people and Mting feilds w¢ accountrd lor on an accruhl$ bwsis. when it 15 probY4bl¢ that th¢ in¢ome will be received. Deferredlmcome Deferred in¢omt represents amounts rKeived for firture periods and is r¢le•5ed to incomin8 $OUrCeS in th¢ p¢riod for whicty it been received. Such income is only defeTrtd when.. - The th)nor specifies that th¢ grant or donation MU only b¢ us¢d ID fvture accounting periods: or - The donor hos impoged condition5 which be befo th¢ Charity bas uttcottdiiionai entitlement. Inve51ment income Int¢r¢s¢ on fvnds held on deposit ts ineluded wheTh rw¢iv8ble and the amount ¢m be measured reliably by the Charity,. this 1$ nornially upon notification of the Liiierest Pald or payable by thc bank. Dividends are CO8n1$ed once the dividend has been d¢clJred and N)tification bas been revived of the dividettd due. Eipenditsre All expenditure is reco8nised ontt there is • leg¥] or constructiv¢ obligation to thai expenditure, it l5 probabl¢ settlemeni is required and the amount can be measured reliably. All e03ts are allocatcd to the &ppli¢8bl¢ expenditure heading that aggr¢¢¢ similar costs lo calegory. Wh¢r¢ ¢o$ts c8tOt be directly attributcd to POrti¢ular he8din8S th¢y havc b¢ctJ all0¢ed on o b&sis con515tent wKth the use of 50¢5, wth central 5tsff Costs allocated on the basi$ of time spenK and depreciation Charges ailochted on the portion ol the &85et'5 use. Other support costs are a]lo¢ated based on the spread of stsff ¢05ts. Pe8
Easthorpe Common Lands Foundation Notes to the FiDan¢i41 Statements for tbe Year Ended 31 December 2021 (continued) Choriioble aclivili Charitable expenditure comprises th)se costs incwTed by the Charity in the delivery of its activitic5 and Services for Lts beneficiles. li includes both costs bc allocatrd d1ctlY to suth activitie5 and those costs of an indi¢ nature necessary to 5UPPOrt them. Support costs Support ¢osis in¢lud¢ central fimctions have been allocat¢d to activity C4JM ¢at¢gori¢s on a ba815 con515tcni with the use of r¢50urr¢s. for exwnple. allocating propcrty costs by tknr areas. or per staff costs by the time spent and other costs by their us8ge. Governttet eosts The$¢ in¢lude the c05t5 attribu¢able w the Charity's complian¢¢ with eonstitutiona] and $tstutory requirements. including 4udit. 5trate8ic management and tru5tee5 mectings reimbursed expcn5C$. Taxtlo The Charity is c(m5Ldered pass th¢ tests Stt out in Parngraph I Schedule 6 ofthe Fin8D¢¢ Act 2010 therefore it meets lh¢ d¢finilion of 8 ch¥itsble company for UK COTpoNion tsx purp05C5. Accordingly, the Chority IS potentially exemp¢ from taxation in resp1 of income or ¢8pitsI 8ains rcceived within ¢ate8ories cov¢red by Chapter 3 Part I l of the Corporniion Tax Act 2010 or Scctiott 256 of the Twition of Char8eabl¢ GJin5 Act 1992, 10 the extent that such inwme or gains are applicd exclusively to chwitsble puryoses. Flxed 85set Investments Fixed a5S¢t investhienis, oth¢r than pro8¢ rel•d inve5tment& we in¢lud¢d at nwket Wlle at the bAnce sheet dale. Realised Bains and 10s5¢5 on inve51rncnts e ¢al¢ul*ed a5 the differeD¢e between sales pn)ce¢ds and their markd v41ue al the start of the year. or their subs4UCrti co& and are charged or crediied to the Sts1¢nI of Financial Aciivities in the period of disposal. Unreolised 84iDs and losses represen¢ the m0vernl in markd vJlue5 during the year are credited or charged to th¢ Stsiemeni of Financial Athiviiies based on the mukrt value at the yw end. Cash t19h equlv•l¢Dts Cash and cash equivalcnts compri% cath on hBnd and ]1 deposits, and othcr short-trmi highly liquid inve5bn¢nts that are readily ¢onvertibl¢ lo o known amount of wh are subj¢¢t kn an insignificant risk of Ehange in valu¢. FuDd ytrurture Unresirid¢d income funds general fwith that are available for w ai the tru¢¢9 disrtion in fiuthernn¢e of the objc¢tives of the Ch8rity- Pag¢ 9
Ethorpe Common Lands Foundation Notes to the Financial Ststements for the Year Ended 31 December 2021 (continued) 2 Ineome from ¢b•ritsble ctivitiu Uor¢$tricted fund$ Generil Totsl 2021 Rentsl it)come 7.730 7.730 UDre5trieted ruDds CeDerl Total 2020 Rental in¢4)me 10244 10,244 3 1nvtstmeDt ineojne Unrestricted tunds G¢#¢rnl Total Dds Oth¢r in¢ome from fixed &35et investments 2.524 2.524 Total for 21121 2.524 2,524 Total for 2020 802 802 4 Expenditsre OD charitable •rtivits¢s Adivity undertake directly Activity suppDrt tosts 2021 Rat¢s and water Light & heat 753 1.902 973 10,486 159 1.993 753 1.902 973 10.486 159 1,993 1,560 98 Legal & profe5Si¢XLal Gencrai expense5 Repairs & maintenance Donations Bank Charges 1.560 98 1,560 16.364 17.924 Pa8e 10
Easthorpe Common Lands Found8tion Notes to the Financial Statemellts for the Year Ended 31 Detember 2021 (continued) Activity support costs 2020 Ratc5 and water Light & heat Insuran¢e l.egal & Profession G¢neral expen5¢5 Repairs & maintenan¢e Bank charges 1,907 1,080 1.907 1.080 3,046 165 416 425 60 165 416 425 60 7.099 5 An•lNls of gov¢rnntt aDd iUPPDrt costs Governanct tosts Uprestricted fundj G¢n¢T41 Total fulld$ Ind¢p¢nd¢Dt ¢xaminer f¢es Examination of the financial st•t¢m¢D¢5 1.152 1,152 Tot1 for 2021 1,152 1.152 6 Trnjteeg remun¢r•tlou •nd expell1 No trnsiees, nor any persons connected with th, htr¢ received ony rwnuneration from the Chtrity during th¢ y¢or. 7 T4x*tlon Th¢ Charity is a resistered chvity aod 1$ therefore ¢x¢mpt from laxatioti. Pagell
Easthorpe Common Lands Foundation Notes to the FinaDci81 Ststements for the Year Ended 31 December 2021 (continued) 8 T•ngible fixed 4Jxts Latsd Ind buildinp To¢al Coyt At l Janudry 2021 735.0(Kl 735,000 AI 31 Dember 2021 735.000 735.000 Depr¢cition Ai 31 December 2021 Net book vilue At 31 December 2021 735,000 735.000 At 31 December 2020 735.1)00 735.000 9 Flxed AJMI Invutm¢nls 2021 2020 Other inv¢s¢m¢nts 309.440 22.460 Oth¢r Inv¢stments Llsi knveytments Tot#1 Cost or Vxlutlo At l January 2021 Revaluation Additions 22.460 6.980 280.0¢)0 22,460 6,980 280.000 At 31 December 2021 309,440 309,440 Net book vilut Ai 31 De¢ember 2021 309,440 309,440 At 31 December 2020 22.460 22.460 Page 12
Easthorpt Common Lands Foundation IYote5 to the Financial Statements for the Year Ended 31 December 2021 (continued) 10 Cash alld cAsb equivaleots 2021 2020 Cash at bank 23.183 37.854 11 Creditors: flling due witbiD ODe ytxr 2021 2020 Accrua]5 D¢f¢rred income 1.152 2,000 1.152 2,000 12 Fwids B818nce at 31 December 2021 Bl•llee #t I Jnuary 2021 Other recognised gaiDs/Oos5e5) IDCOmillg resourrts Ruources Èxptndtd UDrestrietsd fvndg Generol General Funds 793,314 285.254 19.077 6,979 1.066,470 Balance at 31 December 2020 ltt¢e •t I January 2020 Other Resourcu recogrhised ¢xpended gAill5IOo5) Ineoty)iTrg Unrestricted fvDds Gthernl General Funds 788.108 11,046 (7.099) 1.259 793,314 Page 13
EthorPe Common Lands Foundgtion Notes lo the Financial StatemeDts for the Year Ended 31 December 2021 (continued) 13 AnatyJis of net usets bettveell fwi•Js Unrestricted fund5 Gener41 Total fun(15 At 31 Detember 2021 T8ngibl¢ fixed awts Fixed asset inYesttn¢nts Curr¢nt assets Cyrrent liabilities 735,000 309,440 23,183 (1,1531 735.000 309.440 23,183 1,153} Total net assets 1.066,470 1,066,470 Unrestricted fuDds CeDeral Totsl fvDds *t 31 DeceDJber 2020 Tangible fixed &ssets Fixed assei investments Current assets Current liabilities 735.000 22.460 37.854 {2.000) 735,000 22.460 37,854 2,0001 Tothi net assets 11 793.314 793,314 14 Rel4ted p4rty tr#tysxrtiotts There were no relatrd party transa¢tiolls in the year. P88e 14