Charity registralion number.. 506119 Easthorpe Common Lands Foundation Annud ￿e￿rt 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 Tr￿tr¢s, R¢S￿n$11￿11Ities Independent ExarnineV5 Re￿rt Statement of Financial Activities Balance Sheet Noies to the Financi31 StateJn¢nts 8￿14 Easthorpe Common LaDd& Foundation Referente and AdmiDiStrative Detai Cbairma Mr C Knapton Trusteej Ms E M Miichell MrMFStott MrRVBlat Mr A J H RfAlford Charlty Regl$tr•tion Number 506119 PTSn¢lpil Olll¢e CIO Soythwell To*TL co￿¢7] Offi The Burgage Southwell Nottin8h#mshi NG25 OEP Independent Ex*mlller 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 a1￿u￿ 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¢ In￿r¢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 Ch￿ity's policy is to make 8rallts to indi￿dual$ 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 In￿t. 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 H￿1 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 regUl￿10n 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 Su￿eSsfullY 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 Infl￿10￿. Strncturei governante and m*tt*iement NaiNre ofgovepwthg do¢¥m¢MI In a¢¢ordanc¢ with the Chrity5 8ovemirtg do¢umeni there ar¢ 5 trustees, two trustees I￿l￿ated 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$l¢es hav¢ reached the decisiort to seek registration with th¢ Charity Commission as a ChaTitabl¢ Inwrporated Organisation (CIO) which the tNst¢es believe will better fa¢ilithte th¢ d¢liv¢ry of the Ch*tity'$ objeaives. The annual report was approved by the of the Charity on 10 June 2025 and $i￿d on its b¢half by: Mr C Knapton Chairman Pa8¢ 3 E￿th0rye Common Lands Foundation Statement of Trnstees, Responsibilities The trustees are responsible for preparing the trustee5' report and th¢ finan¢ial statements in accordance wtth th¢ unit￿ Kingdom AccountiD8 Standards (linit￿ Kiogdom Generally Accepted Acrounting Prnctieel and applicable law and regulations. The law applicable to charitie5 requires the Irustees to prepare f￿aDCla[ sthtctllents for eaeh fllwicial year which give a true and fair view of the State of affairs of the Charity and of the in¢oming resources and application of r¢50ur¢es of the Charity for that peri¢Jd. In Pleparing these financial 5tsterncn￿ thc trustees are required to.. seleL1 suitable accountitig poli¢i¢s and then apply them ¢onsi$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