2020-12-31-accounts - Astbury Mere Trust

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	Trustees' Annual Report	Trustees' Annual Report	Trustees' Annual Report	Trustees' Annual Report	Trustees' Annual Report	for theperiod	for theperiod	for theperiod
	From	Period start date			To	Period end date
		01	01	2020		31	12	2020

Section A Reference and administration details

Charity name ASTBURY MERE TRUST Other names charity is known by None Registered charity number (if any) 1007740 Charity's principal address Astbury Mere Country Park Sandy Lane, off Newcastle Road Congleton, Cheshire Postcode CW12 4FP

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Robert J Minshull		01.01.2020- 31.12.20
Alison Cresswell	Chair
Sarah J Minshull	Secretary
Gavin Wolfenden
Lorraine Mort	Treasurer
John Whitehead
Jeannie Silk
Caroline Whiting
Nigel Bayley		01.01.20- 23.09.20
Graham Cresswell
Elizabeth Wardlaw		01.01.20- 17.12.20
Peter Clowes		01.01.20- 07.08.20
Richard Mort
Margaret Gartside		Appt 17.02.20
Peter Speed		Appt 12.12.20

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

Section B Structure, governance and management

Description of the charity’s trusts

Memorandum of Association Type of governing document (eg. trust deed, constitution) A company limited by guarantee and not having a share capital How the charity is constituted

(eg. trust, association, company)

Voting of current Trustees Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

To provide for the benefit of the inhabitants of Congleton and district a managed and maintained country park at Astbury Mere in perpetuity for recreation or other leisure time occupation with the object of improving life for the said inhabitants.

Summary of the main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)

The trustees confirm that the main activities undertaken during the
reporting period have been in accordance with the Charity Commission’s
guidance on public benefit.
The main activities undertaken by the trust were land management
operations to maintain and improve the Country Park for the benefit and
enjoyment of the public. The activities were arranged through our
Ranger Service and most involved volunteer work either in full or in part.
The key activities for 2020 were:
The management plan for the park 2017-2022 was completed and this
will be guiding the overall site management works over the next five
years.
The year was dominated by the impact of Coronavirus which had
implications in particular for the level and degree of public interaction that
site staff could have with visitors.
Other impacts included the suspension of volunteer input into site
management activities and a reduced Ranger presence, the
consequence of the drop in income to the Trust. As a result, site
operations were constrained which had a knock-on impact on grounds
maintenance tasks and forward planning operations, with some site tasks
were put out to external contract and restricted in scope in comparison to
previous years. Nevertheless, the park was kept safe and welcoming
throughout and all core jobs were completed.
The amenity grassland areas were kept cut throughout the season and
the annual cut of the various hay meadows was completed. In the
Community Orchard limited tree pruning was undertaken and the
meadow paths were kept regularly strimmed.
Path side vegetation was kept cut back and the car park beds trimmed. In
addition, the various hedges adjacent to Banky Fields, Galbraith Close
and Sandy Lane were all trimmed.
Trees were coppiced in the southern woodlands as part of the ongoing
woodland management plan and elsewhere several dead / dying trees
were removed on safety grounds. Some tree thinning works were
undertaken at the request of neighbours
Clearance work around the newly planted trees in the Margaret Memorial
Woodland was undertaken, with broken tree guards and trees replaced
as necessary. In October a task undertaken by Congleton District
Conservation Volunteers saw the refurbishment of another flight of the
steps that wind through this woodland.
A new seat was installed in the Community Wildlife Area to replace one
that was originally installed in memory of an ex-trustee
A contract to refurbish the land drainage system, shedding water away
from the lakeside path on the southern and eastern banks of the park

was completed. Other drainage and associated minor resurfacing works were also completed elsewhere in the park.

Additional details of objectives and activities (Optional information)

We do not have any permanent or semi-permanent volunteers.

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Volunteers are sought for particular jobs or projects as needed. Our primary source is from those who have volunteered in the past; volunteers come from many sources including individuals, organised groups such as the Congleton Conservation Volunteers and businesses looking for activities to support their social responsibility programmes.

Section D- Achievements and Performance

Summary of the main achievements of the charity during the year

Whilst the year started off with a fairly familiar pattern of visitor use, the period from March onwards was one of immense change. Initially the effect of lockdown was to see a marked drop off in day visitors, the suspension of visitor centre group bookings and the cancellation of all public events. The park was very quiet for several weeks but with lockdown restrictions eased the park then experienced unprecedented visitor numbers along with the associated pressures. This manifested with increased path edge erosion (people looking to social distance as much as possible), a change in visitor profile (more first-time visitors) and an overall and very noticeable increase in total visitor numbers. At the beginning of 2020 we were able to complete a large project to refurbish and modernise a large building that the Trust own and rent to a company that run water sport activities and land based activities such as wood craft and orienteering. We were able to perform these works mainly due to our success in obtaining grants from various sources including William Dean Trust, Astbury May Day and Congleton Inclosure Trust. Groups utilising the park up to March 2020 included Parkrun, Pram Fit and both The Dogfather’s and Petiquette’s dog training classes. After the Coronavirus pandemic hit these activities were suspended. Users of the Visitor Centre up to March 2020 included Congleton Writers Forum, Congleton Advanced Motorists, Congleton Sustainability Group, the U3A’s Welsh Improver, Improve Your Spanish and Flower Arranging classes plus professional bird photography workshops. We did not reopen the visitor centre during the remainder of 2020.

Section E Financial review

Brief statement of the charity’s policy on reserves

Details of any funds materially None in deficit

Further financial review details (Optional information)

You may choose to include additional information, where While the income derived from the Trust’s investments only represents relevant about: 25-30% of the total income it is necessary to ensure that the reserves are  the charity’s principal kept as safe as possible whilst generating the best level of return. The investment objective is to generate a return bettering inflation over the sources of funds (including long term, after expenses. This should allow the Trust to at least any fundraising); maintain the value of the investment, whilst the income from that  how expenditure has investment is used to contribute to the running cost of managing and supported the key objectives maintaining the park.

how expenditure has supported the key objectives of the charity;
investment policy and All investments should produce a return in line with the Trust’s stated investment objectives agreed by the Trustees and where practical
objectives including any ensuring that those funds are invested ethically.
ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Sarah Dean

Position (eg Secretary, Chair, Secretary etc) Date 09.09.21

REGISTERED COMPANI. NUhlBF.R: 01131405 (F.ngl&nd and REGISTERED CHARITY NUMBER: J0O7740 rt tsf tlbe Trn¥tees #nd Ullaudited Tr'iD3llcial Statements for the Year LDded 3151 Deretnber 2020 for A5tbun" lere Trust Hammond McNulty LLP Bank House Markit S4uarL Conglelo C"heshire CW12 IET

Astbun )lere Trnst Contents of tkne Financial Siatements for th¢ Y¢thr Endcd 3 1st Dec¢rnbcr 91120 V#ge Report of the Tru51ee5 Independent Exgminer's Report Statement of Financlal Actliities Balante Sheet Notes to the Fln*ncig1 Statements 7 to 14

Astbur Mere Tn]st (R istered number: 11233141151 of tbe Trnstees for tht Year Ended 31st December ?020 The Iru51e¢s who a also directors of Ihe ¢haiity for the puwtK)5t5 of Compani&% Act "IM)6. present their report with the fin3n¢ial statements of ihe chariN for iht year ended 31 st December ?O?O. The irnsiees hai'e adopted the proN'isions of Accollnting and RLPUrting bv Chuntie%'. StstttnLllt vf RLcoiIimtnd.d PtULiiCC p[iLUb. to chatitlLs prLparing their ULLuunts in uccordanLK' with the Financial Reportin Stsndard applicable ir tht UK and Republic of Irrland IFRS 10?) (etTecrive l January 2019). OBJECTIVES AND .AcT['1TTEs ObjeetSves and aims Thc main pUr$t of thc Charity is to and tnaintain th¢ Louniry patk at Astbury Muc, ConglLton. S"I'RUCI'URL. GOI"ERN.4NCE AND MANAGEMENT Governin document The iharily Is conirolled by its governing documen4 a deed of irusi. and ¢onsrituies a limii¢d company, limited bs guarnntee, as dcfJtKd by thc Compajiics ALI 26. REFERENCE AND ADMlF*lSTIL4TIVE DETAIIS Registered C(bmpanv number 02331405 (England and 1i'31esl Registered Ch•rity number 1007740 Reglstered omee Asibury Mere Collntry Park Salldy Lant Congleton Che%hire CW124FP Trustees R J Minshull (resigned 31112120201 C J Whiting Mrs J Silk N Bayley IsIgned 2319,120201 MTS E Wardlaw Iresigned 171121 020) G olfenden P ClowL4 IdLXknd%cd 71N,'20201 J Whitehead Mrs S Dean A CTES5well G F Cresswell M A F GJrt%idc Cllr latvointcd 171?12020) Llfvlort RBMLIrt Cllr S M Aker5 smith {appointed 91312021 P Speed Iappoiniecl 12.'1?j?QfjQ) Compan). Secretary Mrs S Dean Independent Examiner H&mmond MLNuliy LLP Bank House Market Square Conuleton Cheshirt CW12 IET Page I

Astbur Mere Tn]st (R istered number: 11233141151 of tbe Trnstees for tht Year Ended 31st December ?020 Approved by order of rhe board of trustees on 23rd Sepiejnbei 2021 and signed lis behalf by.. A Cr¢&sw¢II - Trustee Page 2

Inde endent F.ithminer's Re Ast ere ori to ihe Trustees of ru51 Independent tx&minerf5 pOrt to thv trustees of Astbur)" Ilere Tn( I'tht Compgn report io rhe uharii>' Irusie¢s on m}. examination gf the aicoimts of the Compani" for ih¢ ar ended 31 $1 tkcember 2020. ReSPOT15ibilities bw515 Dr report As the charil}'s In151ees of the Company land al its direeiors for the purposes of company lawl you are responsible for tlie prtpurlltion uf tht L'cuU11t accord4LllCe with tht rtsiiiiremLllt4 uf tht con1p41 Aci 2O(kn i*he 20D6 Ac¢l. Hjving satisfied my>elf that the a¢¢ounts of the Company are noi requiryd to be audiied under Part 16 of the 20U6 Act and are ¢libFibl¢ far independeni exaniination. I report in rpect ot my examination ot-your charity.% accounis as carried out uiid¢r %ection 145 of the Charili¢s Act ?01 l ('Ihe :01 l A¢i'l. In carrying out my examinaiion I have follom'ed Ihe Directions given by Ilie Charily Commission undcr scLtion 145{)I Ibl of ihc 2011 Act. Independent exatniner 5 5taternent I haN'e conipl¢t¢d my exaTnin(iliTrD. I confJTm thal maltCY5 have come to wny attention in coDnertIt wilh th¢ exiunination givin¥ me ¢aus¢ lo beliew¢'. accouti[1g record5 were Dot kept in respect of ihe Company as required by seclion 386 of the 2006 Acl- or Ihe accounts do not accord with those re¢onE- or the dccounis do not comply with the accounting requirement% of tIOn 396 of the •006 Act otlier than dny requiremeni that Ihe account5 gipe a ITue aTrd fair view H'hich is nol a Tn311er con51dered as part oran independent exaTnination: or the decounts have noi been piepatyd in aiLoidance M ith the melhod5 dnd prin&iples of the Staremenl of R¥eonimeIided Practice for accouniing and renIng by charities (applicable io charities preparin&y iheir accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Irelalld IFRS 1021). I have no ¢on¢ems and hai.'e come a¢mss no oiher rnaiTetS IA ¢Otmeciion with the examinauon 10 which aiieniion should be drawn in this report in ordtr to tnable a proper undetststing ofiht accounis io bt reacht Aanda Grint H&inmond McNulty LLP Bank House Market Square Con(TILtoll Cheshire CW12 IET 23rd Stptember 2021 Page 3

Astbun )lere Trnst Stattmtnt of Flnnel#l.4etli'ltl¢s for tht lear Ended 31st December ?020 311121211 Tolal funds 31112119 Tot31 fun Unteslii¢led fund Re5tTiCted funds Nvtes INCOME AND ENDOM'MENTS FROL¥I Donation8 a[ Icga¢i&% 14574 17.500 32.1174 38,685 Othcr tradinu activitic% It)veslment Incoine Total 37,831 17.620 70,025 37,831 17,620 37.490 18,613 94.788 17.51M EXPEIYDITLIRE ON R4i%iTrg tund 1207 2,2117 3,072 Charitable ¢tivities Country park maintenance & maftagemeni 62.016 62.1116 70.392 Total 64323 61,223 73.464 Ner gain{loSSeS) on invesrmen NET INCOME 3J12 17.500 20,812 46.002 TrnnsfÈr% betÈn fund$ Net 0Vement in funds 14 45J72 (25.116111 20.812 46.002 RECONCILIATION OF FUNDS Total fuDds brought forward 397.7116 36,(KM 433,706 387.704 TOTAL FUNDS CARRtED FORWARD 433 706 The notes lorni part of these fukclaI siatements Page 4

Astbur Mere Tn]st (R istered number: 11233141151 Balnee Shtct 315t Derembtr 202 31112120 Tolal funds 31112,'19 Tot31 fun Unteslii¢led fund Re5tTiCted funds Nvtes FIXED ASSETS Tungiblc J%%Lt Invesim¢nts 2111.486 215.208 424.694 210.486 2142118 424.694 16?.496 222,664 385,160 10 CURRED ASSET Stocks Dtbtu Cash ai bank and in hand 872 872 6,286 31.271 3&429 1,030 (Tr.423 53.926 61J79 12 20J31 27.489 10.94D 10,94 CREDITORS Amounts falling due within i)ne )rar 13 19.(rf)51 19,6051 (12,833} NET CURRENT ASSETS 17.884 10.940 28.8?4 48.546 TOTAL ASSETS LESS CURREfT LIABILITIES 443J78 111.94 454J18 433,706 NET ASSETS FLNDS Unr¢51ricltd funds Re%tricted fund 413378 454 10 940 18 433 70( 14 443,578 10.940 45451a -197.706 TOTAL FUNDS 4_33 7U6 The chariiable company 15 entitled to exemption frotn audit under Sedion 477 of the C(xnpanies _Act 2006 for the year ended 3 1st DEtember 202n. The niemlKT5 have not required the company to obtain an audit of it5 financial statements foi the year ended 31 st Deccinber 2020 in accordance wilh Se¢iion 476 of lh¢ Companies Aci The Irusteeb aCKnoledge their responsibilities for eniuringy that the Charitable ¢omÈYany keeps accounting records thai comply with Seciions 386 and 387 of the Companies Act 2006 and piepanr]b fir]an¢ial %tateTnenL% which bfii'e a TTUC and fa. ir view ot the slate vf affdir* of the charitable LN)mpany at the end of each financial year and of ils surplus or deficil lor each financial fvear in accordanie wilh ihe requirements tsf SeLlions 394 and 39) and which oiherwise cojnply M'ith the requirerneDts of ihe Companies Aci 2(K)6 relaLing lo financial siatejnents, so tar as applicable to the charitable company. Ib) The notes lorni part of these fukclaI siatements Page 5 continued...

Astbur Mere Tn]st (R istered number: 11233141151 Balantt Shtel- 31st Derembtr 202 These financial s1Qi¢mlS have been prepared in accordanie wilh the provisions applicable to clwitable Companies subject to the small companie5 re&Fimt. The financial statewnents were appTDved b} the Board of TSlee5 and authoTi5ed for issue 2.lrd Septemb¢T 2021 and were 51Ened on its behalf by= A CTEs%well - TnL41ee The notes lorni part of these fukclaI siatements Page 6

Astbun )lere Trnst oies to the Fitsncl#l Stiem¢nts for tht lear Ended 31st December 7020 ACCOUNTING POLICIES Basi5 of prep3Ting the financial statemeDts The finuncial %tdtemLllt% uf thc Lharitsble companv. hiL is a public nefit tnlity under FRS 102, bn prepdiLd in accordance wilh the ChaTilies SORP (FRS 1021 'AccountiDg and Reportino by C.harities= SiateilleTrt of Recownrnended Practi¢e applicable to chari¢]e> preparing their ¢counis in a¥cordan¢e w'ith the Finan¢il Reporting Stsndard appli¢Jble in the UK and Republic of Ireland IFRS 102) letTeciive l Januarv ?019I'. Financial Reporting Standard 102 The Financial Reptsriing Siandaid applicable in Ibe UK and Republic of Ireland. and the Cotnpanies A¢t 2006. The financial siaiemenis have tK'cn prcwycd undcr thL hisiorical Cobt ¥onvcntion. with thc cxccption of itlvestmcnts whiLh arc includcd at markct value. The tru5t¢e% h4ti'e Conside(1 Iht pntential rTnpact of COVID-19 Ihe pnncipal activitiei of the charity. anij the! believe that thej. haTre suffi¢ienl resources in place to 0rat¢ for ihe foreseeable fuiure.The}' believe Ih¢re are no material un¢ertainties about ihc chil),S abiliiy to eoniinuc.Thus, thcy continuL to adopt thc going conccrn basis of aecountinq in prcparijig the tinancial staiement5. All income is recogn15ed In the Statetnent of FIT)clI1 Aclii'ities once the ch3rity has entii]enient lo the fullds, It 15 probable that the income will be received and the amouni be me&%urtd reliably. Expendlture Liabilities ale reco¥nised experKlitur¢ as Sn there I a leual 01 ron%tructiNr obligation coniillitting tli£ chdrity lo that exp¢ndiiuie. li li prob4ble thaT a Iian5fer ol¢conomi¢ benefiis will be required in seiilemtni and Ihe amouni ofihe obligaiion can be measuttd reliably. Expen(Liture is cOun[cd for on an accruals bas-ls and has bttn classified under headings that aregate all cost related to the category. Where cosis cannoi be directly anribuied io particular kadings they have been allocated 10 acriviiies on a basis consisith)i with the use of resowces. Tangible fixed assets Depreiiation is provided dt the followin¥ annual Tales in OTder to write off each over its estimated useful life. Freehuld property Plani and machinery Fixturts and fitiings Computer equipmeiit 20/0 on ieduL'in¥ balatK'e not provided on land 10/0 on reducin.y balance I10 on reducin.) balance IOY• on reducinu balanc£ Stork5 Stock5 are valued ai ihe lower of CO and nei r¢alisabl¢ value, after making du¢ allowan for obsoleie and slow moving ilemb. Taxation Thc chrItY is CXLmpi frojn eorporation tax on its ChlbIL &rtivitits. Fund accounti#g Unrestricted fi]n(Ls can b¢ used in CordanCe with the charitable objectives at die dire[lOn of tlie trnstees. RcstriLted funds CUD onlN bc USLd fur partlLu14tr rcstriLicd pur5 witbin ihc objLXts- ot thc chatity. Rc5trictioii% whe specitied by the donor orwhen tunds are raised tor tthnicular restricted purposes. Further eKpl3nation of ihe naluTE and purpos¢ ol each fund 15 includd in the [1 to the linaTrcial %talemeTrL4. Vgluation of inie%tnieiits Ini'e5tnients art included at theii maTkel values Tulin(Tr at 31 st December 2020. The valuation is based on the mid-market prices from ihe appropriaie Sttxk Exchange. matet makers or trom ihe leVanT fund manager. Page 7 continued...

Astbun )lere Trnst Plotey to the Stattments- eontlnutd for tht lear Ended 31st December 7020 OTHER TRADING ACri.iT1Es Room Hire Catering Concession Car PaTking 4,IMb6 8182 3,802 11.816 37 31 INVESTMENT INCOME 3111&211 Rentq received Listed Invebttnent Incotn¢ Dep05lt account inierest 10,750 6J107 63 12,285 6,219 109 114ISING Fuf4DS Investment mllagtment eosts 3 1112119 Portfolio management NET INCOMEI(EXPEi¥DITLRE) Nei inCoTnellexpendiiuI is stated after Cbawnglltrediting): 3111Tr20 31112119 DepTecialion- owied asls Dcficit tsn di%po%al of fix¥d 4227 3.557 TRU.%TEES' REi¥IUNERATIOIY AND BENEFrts There were tnjsiees, remuneraiion 01 oiher benefils lor the year ended 31st Decernber 2020 noi for ihe ended 31st DLLLmbLr 2019. Tru5tees' expenses Tru%tCL' cxpLn4L'S paid in thc VLar totalled £349 IL3.911 2019> to thr. trustCL'S followq, rcpairs £47 to une trn%tLL' 12019 £7.36 10 three trustees}, PTiriting, p05taoe and stationery £0 11019 £116 to two tTUSte¢s}, fixed asset addition5 £289 to one truSe{20]Y £3,023 for one trusteel, general e%ne5 £13 to i)De trustee (2019 £16 for one trusteel. Page 8 continued...

Astbun )lere Trnst Plotey to the Stattments- eontlnutd for tht lear Ended 31st December 7020 STAFF COSTS The aierage monthly nurnber of ernployees during iht y&qr was as follows: 3111Tr20 Country park maintenance & management No employe£s re£eived eTnoluTneiils in excess 01£60.0(M). COMPA114TAI'ES FOR THE STATEIII£NT OF FIP4ANCIAL ACtAVITAES Unrestricfrd fund ResiriLled funds Total INCOME AND ENDOIVMENTS FROM Donaiions and legacies 9.785 28,900 Other trading a¢tiN'iiies Investment incom¢ Tot#1 77.490 18.613 (15,888 37.49n 18,61.? 94.788 28,900 E.XPELYDITURE or4 Ilaisin¥ tund5 3.072 3.1)72 Charitable activitie5 Cuuntrv PUTk rnaiTrl¢nanLe & TlageTent 70,392 70J92 Totlll 7.1.464 Net gains on investmtnls 24.678 46.002 NET INCOTrIE 17.102 28,900 Transfers be¢Meen funds Net movtrnent in funds 8.670 25.772 (8 6701 20.230 46.002 RECONCILIATIOP4 OF FUNDS Total funds brought fonvard 311,934 387.704 TOTAL FUNDS CARRIED FORW.4RD 433 706 Page 9 continued...

Astbun )lere Trnst Plotey to the Stattments- eontlnutd for tht lear Ended 31st December 7020 TANGIBLE FLXED ASSETS Freehold prupL*rty Plani and machinery Cornpllter L4UlPIDtTht fittirL¥s Total% COST At 1st January •020 Addiiion Dlspoials Al 31 st December 2020 DEPRECIA Tior Ai 1st JanIry ?020 Charge for year At ? Isl December ?O?O NET BOOK V.4LUE At ? 1st December ?O?O At 31 st December 2019 IM.822 5S.&43 2&172 529 194,481 55,8q3 .9131 2&259 731 21675 4.879 246 698 11,853 13.697 1256 14.943 3,772 2.663 3¥2 31,985 19 14?.969 162496 FIXED A&SET INI'ESTMENTS Listed inl'estments MARKET VALUE Ai I st January ?020 AdditH)ns Disposals NL't rL'ali%ed uain%.'{10%sL41 Net unrealised gainsJ'llos5esl Ai 31 Et DECeTnirr ?020 NET BOOK I'.4LUE Ai 31 st Dccernirr ?0211 Ai 31%1 Decemkr 2UIY 222.664 41.964 146.9301 (3.SS21 215 2118 215.2118 The invesimenis are analvsed ag follows.. 2020 £019 Outside ih¢ UK 37 /0 40/• Page 10 continued...

Astbun )lere Trnst Plotey to the Stattments- eontlnutd for tht lear Ended 31st December 7020 ii. STOCKS stks 872 12. DEBTORS: AMOUNTS FALLINC DITE IIITHIN ONE YEAR 31112QO 31112119 Trade debtor VAT Prepaymertls. 53 1.256 5.114 642 13. CREDITORS: AMOUYTS FALLING DUE MITHIN 0E YEAR 3111Tr211 31112119 Trade creditors Accrued expenses 2,931 6.674 3.764 14. MOI'EMENT IN Fuf4DS et Trdn%fe berween fullds moemenT in funds At 11112U 111121JJ Unrestricted funds General tund 397,706 JJ12 42,560 443.578 Restricted funds Mrs J Clowes Mr5 D Dillion MLdium TLntJ RLSLfvL Sailing Centre Phase 3 460 4811 iu,ou J4.OINI 1,060 36.OOD (24.110(1 18.5601 42 5601 A7.5 17.5110 20.812 TOTAL FUNDS Nei movement in funds. irtcltsded in the above ale as follows= Inci>ming resources Resources expended Cjains and losses Movern¢nt in funds Unrestricted funds Generdl fund 7•.025 (64,2231 {2,4Tr 3J12 Restrieted funds Sailin¥* C¢nire PhLs¢ 3 17,5011 TOTAL FUNDS Pagell continued...

Astbun )lere Trnst Plotey to the Stattments- eontlnutd for tht lear Ended 31st December 7020 14. MOVEi¥IENT IN FUTrIDS- continued Comptsr#tives for Mtyvlm¥t itt funds et I0venIent in lunds Transfers between lunds At -31112119 Ai 111119 Unrestricted funds General fund 371.9_14 17,102 8.670 397.706 Restricted funds Mrs J Clowcs Mr5 D Dillion Sailing Centre Phas¢ 2 Medium Tenn Re%erve Southern Entry Path Stsiling Centre Phase 3 46 480 480 810 25.5 (26,-3301 24,IKM) {4.0001 2.34UI 34,000 3.4(bts 15.770 TOTAL FUNDS 433 70fi Comparaiive nei movem¢nt in lunds, included in the aknve are as lollows.. Incoming Resources e.xrtded Gams and Movement in fun(t4 Unrestricted funds General t'und 65.888 (73,4641 24.678 17.102 Restricted funds Sail Cenire Phase 2 Sailing Centre Phase 3 25,500 28.900 TOTAL FUP4DS Page 12 continued...

Astbun )lere Trnst Plotey to the Stattments- eontlnutd for tht lear Ended 31st December 7020 14. MOVEi¥IENT IN FUTrIDS- continued A eutTent year 12 months and prior year 12 months combined p)sition isas lollow3'. Net movement in fund% Tran5feT5 between At 111119 31J121JJ Unrestrieted funds General tund 371,934 20.414 443,578 Rv5tricted funds Mr% J Clolves Mrs D Dillion Sailing C.entre Phase 2 Medium Tern] Reserve Souihern Entry Path Sailing CentTe Phase 3 460 4x0 830 10.IM)O 25,5 (26.330) 10,000 {4.(KM)I ?0.9(M)I 51 Y301 ?0,9 46.400 li.770 TOTAL FUNDS 454 518 A ¢unYni year 12 monihs and prior year 12 months Combined net movemeni in funds, in the above are as follows.. Tncoming resouices Resollrces expended Gains and losses Movement in funds UNrestrirted funds General filnd 135.913 (137,687) 22,1¥8 20.414 Restricted funds Sdilillg Centre Phase 2 Sailing Cenire Phase 3 25.5(K> 25.50 20.900 46,40U 46.4(XTr 183 113 TOTAL FUNDS 1.37.()87 15. RELATED PARTY DISCLOSIIRES During the yearthere were the tollowing related party ITanli0S= L6.(MKb of costs wLre paid 10 NWC Consthction for prorrtY ¥(kJition8. Mr.4 S Dean ]% d dircctor of NWC Con%rnJction Ltd. A loan of £2U.000 was made to the trust duting the year by Mr R Minshull who is a trnstee. The lo1 was repa]d in full to Mr R m1hU[l during Ihe year. Page 13 continued...

Astbun )lere Trnst Plotey to the Stattments- eontlnutd for tht lear Ended 31st December 7020 16. COVID-19 During the year, the UK Otinued io be impacied by the outbreak of COI.'ID-19. In order 10 manage the spd of the virns thL Govtrnment irnpu4ed bignificunl rL%tiicliuns tht tno%ctnent of people and thL llbilit). of bUSinL4Se to LOlltilluL to tTade. The TTuslee5 aCknowledC the IDcreasinn risk froTV COVID-19 and hal'e soubI to miliijaie their risk by Ca5,]g out a thorough review as discussed below- Govemmeni assistance Thc charity has tskcn advantagc of thc govenjmcni grdnts. Page 14

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