Trustees' Annual Report for the period Period start date Period end date 01 01 2024 31 12 2024 From To
~~ee~~ Section A Reference and administration details
Charity name ASTBURY MERE TRUST Other names charity is known by None Registered charity number (if any) 1007740 ~~[YT~~ Charity's principal address Astbury Mere Country Park
Sandy Lane, Congleton, Cheshire Postcode CW12 4AW
Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
ee es
1 Margaret Gartside Chair
a rs Gs
2 Sarah Dean Secretary
a ns
3 Lorraine Mort Treasurer
ee re
4 Caroline Whiting
es ee GR
5 Gavin Wolfenden
es es
6 Richard Mort
es rs Gs
7 Graham Cresswell
es es Gs
8 Peter Speed
ee es Ge
9 Suzie Akers Smith Ret 10.05.24
es nD I
10 Philip Howell
ee es en
11 [George Robert ]
Edwards
a eeee
12 Mark Edwardson Appt 16.07.24
es rs tI
13 David Brown Appt 16.01.24
ee rs Gt
14
ee rs Gs
15
es es Gs
16
a rs Gs
17
a ns
18
ee Gs
19
es rs tI
20
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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:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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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 2024 were: Ongoing maintenance operations, along with repairs to paths, seats, fencing and signage kept the park looking in prime condition. Annual tasks were completed through the year including the cutting back of vegetation adjacent to paths throughout the site, around the Wildlife Area pond and in the Community Orchard. The various meadows throughout the park had their seasonal cuts, with bramble and self-sown saplings removed from the meadows on the east bank of the park. Volunteer clients from the Rossendale Trust spent a number of days trimming some of the park’s shrub beds. We also welcomed several individual volunteers, work experience students and young people undertaking restorative justice work in the community. In total the equivalent of 56 additional ‘person days’ (excluding work undertaken by volunteer trustees) were committed to the site over the course of the year. Work continued on the thinning of the woodland at the southern end of the park. A full site tree safety audit was undertaken and work commenced on the production of a new 10year woodland management plan for the site. |
|---|---|
Additional details of objectives and activities (Optional information)
We do not have any permanent or semi-permanent volunteers. Volunteers are sought for particular jobs or projects as needed. Our You may choose to include primary source is from those who have volunteered in the past; volunteers further statements, where come from many sources including individuals, organised groups such as relevant, about: The Rossendale Trust and businesses looking for activities to support their social responsibility programmes.
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
Section D- Achievements and Performance
Summary of the main achievements of the charity during the year
The Park remained as popular as ever throughout the year, with an estimated 480,00 visitors now enjoying the facilities.
Regular groups from Congleton U3A and Congleton Writers Forum continued to utilise the Community Room and the weekly Congleton Park Run remained well frequented, as in previous years.
We hosted a couple of sponsored charitable walks, mini first aid classes and birdwatching events. Local Beaver groups came pond dipping and groups from students Peak Pursuits continued to make use of the park for a range of educational activities.
The park’s bird boxes had their annual check as usual. This year it was found that 97% of the boxes had been occupied, an indication the overall health of the woodland environment
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)
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You may choose to include additional information, where While the income derived from the Trust’s investments only represents relevant about: 7% 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
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sources of funds (including long term, after expenses. This should allow the Trust to at least
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any fundraising); maintain the value of the investment, whilst the income from that
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• how expenditure has investment is used to contribute to the running cost of managing and
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supported the key objectives maintaining the park.
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of the charity;
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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
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objectives including any ensuring that those funds are invested ethically.
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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 16.05.25
Charity registration number 1007740 (England and Wales)
Company registration number 02331405
ASTBURY MERE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ASTBURY MERE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mrs S Dean | |
|---|---|---|
| G F Cresswell | ||
| L I Mort | ||
| R B Mort | ||
| Mr P Speed | ||
| Mrs Caroline Whiting | ||
| Mr P Howell | ||
| Mr G Wolfenden | ||
| Mrs M A F Gartside | ||
| Mr G R Edwards | ||
| Mr D T Brown | (Appointed 16 January 2024) | |
| Mr M Edwardson | (Appointed 16 July 2024) | |
| Ms Clare Hudson | (Appointed 28 April 2025) | |
| Secretary | Mrs S Dean | |
| Charity number (England and Wales) | 1007740 | |
| Company number | 02331405 | |
| Principal address | Trustee Office | |
| Astbury Mere Country Park | ||
| Sandy Lane | ||
| Congleton | ||
| Cheshire | ||
| England | ||
| CW12 4AW | ||
| Registered office | Trustee Office | |
| Astbury Mere Country Park | ||
| Sandy Lane | ||
| Congleton | ||
| Cheshire | ||
| England | ||
| CW12 4AW | ||
| Independent examiner | Amanda Grint, FCCA | |
| Hammond McNulty LLP | ||
| Bank House | ||
| Market Square | ||
| Congleton | ||
| Cheshire | ||
| England | ||
| CW12 1ET |
ASTBURY MERE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 16 |
ASTBURY MERE TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The main purpose of the charity is to manage and maintain the country park at Astbury Mere, Congleton. 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.
Significant activities
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 2024 were:
Ongoing maintenance operations, along with repairs to paths, seats, fencing and signage kept the park looking in prime condition. Annual tasks were completed through the year including the cutting back of vegetation adjacent to paths throughout the site, around the Wildlife Area pond and in the Community Orchard. The various meadows throughout the park had their seasonal cuts, with bramble and self-sown saplings removed from the meadows on the east bank of the park.
Volunteer clients from the Rossendale Trust spent a number of days trimming some of the park's shrub beds. We also welcomed several individual volunteers, work experience students and young people undertaking restorative justice work in the community. In total the equivalent of 56 additional 'person days' (excluding work undertaken by volunteer trustees) were committed to the site over the course of the year.
Work continued on the thinning of the woodland at the southern end of the park. A full site tree safety audit was undertaken and work commenced on the production of a new 10 year woodland management plan for the site.
Volunteers
We do not have any permanent or semi-permanent 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 The Rossendale Trust and businesses looking for activities to support their social responsibility programmes.
Achievements and performance
Significant activities and achievements against objectives
The park remained as popular as ever through the year, with an estimated 480,000 visitors now enjoying the facilities.
Regular groups from Congleton U3A and Congleton Writers Forum continued to utilise the Community Room and the weekly Congleton Park Run remained well frequented, as in previous years.
We hosted a couple of sponsored charitable walks, mini first aid classes and birdwatching events. Local Beaver groups came pond dipping and groups of students from Peak Pursuits continued to make use of the park for a range of educational activities.
The park's bird boxes had their annual checks as usual. This year it was found that 97% of the boxes had been occupied, an indication the overall health of the woodland environment.
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ASTBURY MERE TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
While the income derived from the Trust's investments only represents 7% of the total income it is necessary to ensure that the reserves are kept as safe as possible whilst generating the best level of return. The investment objective is to generate a return bettering inflation over the long term, after expenses. This should allow the Trust to at least maintain the value of the investment, whilst the income from that investment is used to contribute to the running cost of managing and maintaining the park.
All investments should produce a return in line with the Trust's stated investment objectives agreed by the Trustees and where practical ensuring that those funds are invested ethically.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Reference and administrative details Registered Company number
02331405 (England and Wales)
Registered Charity number
1007740
Registered office
Trustee Office Astbury Mere Country Park Sandy Lane, Congleton Cheshire CW12 4AW
Company Secretary
Mrs S Dean
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mrs S Dean
G F Cresswell L I Mort R B Mort Cllr S M Akers Smith (Resigned 10 May 2024) Mr P Speed Mrs Caroline Whiting Mr P Howell Mr G Wolfenden Mrs M A F Gartside Mr G R Edwards Mr D T Brown (Appointed 16 January 2024) Mr M Edwardson (Appointed 16 July 2024) Ms Clare Hudson (Appointed 28 April 2025)
Recruitment and appointment of trustees
Trustees can be appointed at any meeting of the trustees. Anyone wishing to become a trustee has to submit an application to the trustees. At the AGM one third of the trustees, being the longest serving members, retire and can stand for re-election, so that trustees are effectively voted in for 3 years. Trustees are voted in by a majority vote.
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ASTBURY MERE TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees' report was approved by the Board of Trustees.
Mrs M A F Gartside Trustee
25 June 2025
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ASTBURY MERE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ASTBURY MERE TRUST
I report to the trustees on my examination of the financial statements of Astbury Mere Trust (the Charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 to enable a proper understanding of the financial statements to be reached.
Amanda Grint, FCCA
Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET England 25 June 2025
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ASTBURY MERE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 4,770 4,389 Charitable activities 4 85,507 - Investments 5 7,401 - Total income 97,678 4,389 Expenditure on: Raising funds 6 2,259 - Charitable activities 7 94,623 114 Total expenditure 96,882 114 Net gains/(losses) on investments 12 16,826 - Net income 17,622 4,275 Transfers between funds 4,062 (4,062) Net movement in funds 9 21,684 213 Reconciliation of funds: Fund balances at 1 January 2024 469,128 21,063 Fund balances at 31 December 2024 490,812 21,276 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 9,159 5,126 17,340 85,507 78,540 - 7,401 7,855 - 102,067 91,521 17,340 2,259 2,354 - 94,737 87,118 575 96,996 89,472 575 16,826 9,194 - 21,897 11,243 16,765 - 6,989 (6,989) 21,897 18,232 9,776 490,191 450,896 11,287 512,088 469,128 21,063 |
Total 2023 £ 22,466 78,540 7,855 |
|---|---|---|
| 108,861 | ||
| 2,354 87,693 |
||
| 90,047 | ||
| 9,194 | ||
| 28,008 - |
||
| 28,008 462,183 |
||
| 490,191 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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ASTBURY MERE TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Fixed assets Tangible assets 14 Investments 15 Current assets Stocks 16 Debtors 17 Cash at bank and in hand Creditors: amounts falling due within one year 18 Net current assets Total assets less current liabilities Net assets The funds of the Charity Restricted income funds 19 Unrestricted funds |
2024 £ 7 8,827 57,968 66,802 (11,296) |
£ 222,499 234,083 456,582 55,506 512,088 512,088 21,276 490,812 512,088 |
2023 £ 7 10,168 53,885 64,060 (14,539) |
£ 217,791 222,879 |
|---|---|---|---|---|
| 440,670 49,521 |
||||
| 490,191 | ||||
| 490,191 | ||||
| 21,063 469,128 |
||||
| 490,191 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 25 June 2025
Mrs M A F Gartside
Trustee
Company registration number 02331405 (England and Wales)
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ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Astbury Mere Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Trustee Office, Astbury Mere Country Park, Sandy Lane, Congleton, Cheshire, CW12 4AW, England.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's articles of association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. Investments are included at market value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
| Freehold land and buildings | 2% on reducing balance and not provided on land |
|---|---|
| Plant and equipment | 10% on reducing balance |
| Fixtures and fittings | 10% on reducing balance |
| Computers | 10% on reducing balance |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.9 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.11 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 4,053 4,389 Gift Aid 717 - 4,770 4,389 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 8,442 4,798 17,340 717 328 - 9,159 5,126 17,340 |
Total 2023 £ 22,138 328 |
|---|---|---|
| 22,466 |
4 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Room Hire | ||
| Sale of goods | 4,844 | 4,368 |
| Catering Concession | ||
| Sale of goods | 27,856 | 26,362 |
| Car Parking | ||
| Sale of goods | 26,445 | 21,603 |
| Rents Received | ||
| Sale of goods | 26,362 | 26,207 |
| 85,507 | 78,540 |
- 5 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Other income | 6,762 | 7,242 |
| Interest receivable | 639 | 613 |
| 7,401 | 7,855 |
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ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
6 Expenditure on raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Trading costs | ||
| Other trading activities | - | 273 |
| Investment management | 2,259 | 2,081 |
| Total costs | 2,259 | 2,354 |
- 7 Expenditure on charitable activities
| Total Costs | Total Costs | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Depreciation and impairment | 6,237 | 5,507 |
| Wages | 15,966 | 12,849 |
| Pensions | 292 | 205 |
| Rates and Water | 1,712 | 710 |
| Insurance | 9,606 | 6,714 |
| Light and heat | 6,234 | 9,107 |
| Telephone | 537 | 433 |
| Postage and stationery | 79 | 151 |
| Sundries | 1,744 | 1,656 |
| Repairs | 16,535 | 15,174 |
| Warden Costs | 28,231 | 28,533 |
| PSP Charges | 1,967 | 1,274 |
| 89,140 | 82,313 | |
| Share of support and governance costs (see note 8) | ||
| Governance | 5,597 | 5,380 |
| 94,737 | 87,693 | |
| Analysis by fund | ||
| Unrestricted funds | 94,623 | 87,118 |
| Restricted funds | 114 | 575 |
| 94,737 | 87,693 |
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ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
8 Support costs allocated to activities
| 8 Support costs allocated to activities |
||
|---|---|---|
| Bank Charges Paypal Fees Governance costs Analysed between: Total Costs 9 Net movement in funds The net movement in funds is stated after charging/(crediting): Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets |
2024 £ 1,250 101 4,246 5,597 5,597 2024 £ 6,237 - |
2023 £ 1,011 186 4,183 |
| 5,380 | ||
| 5,380 | ||
| 2023 £ 5,507 1,732 |
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
Trustees' expenses
Trustee expenses paid in the year totalled £701.20 (2023 £NIL). Repairs £250.39 to one trustee (2023 £NIL), general expenses £418.26 to one trustee (2023 £NIL) and PPS £32.55 to two trustees (2023 £NIL).
11 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 |
|---|---|
| Number | Number |
| 1 | 1 |
There were no employees whose annual remuneration was more than £60,000.
- 12 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Gains and losses on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| Gains/(losses) arising on: | £ | £ |
| Revaluation of investments | 13,531 | 9,220 |
| Sale of investments | 3,295 | (26) |
| 16,826 | 9,194 |
13 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
14 Tangible fixed assets
| Tangible fixed assets | |
|---|---|
| Freehold land and buildings Plant and equipment Fixtures and fittings Computers £ £ £ £ Cost At 1 January 2024 210,675 27,085 24,854 4,673 Additions - - 10,945 - At 31 December 2024 210,675 27,085 35,799 4,673 Depreciation and impairment At 1 January 2024 21,466 18,174 6,353 3,503 Depreciation charged in the year 2,284 891 2,945 117 At 31 December 2024 23,750 19,065 9,298 3,620 Carrying amount At 31 December 2024 186,925 8,020 26,501 1,053 At 31 December 2023 189,209 8,911 18,501 1,170 |
Total £ 267,287 10,945 |
| 278,232 | |
| 49,496 6,237 |
|
| 55,733 | |
| 222,499 | |
| 217,791 |
- 13 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
| 15 Fixed asset investments Cost or valuation At 1 January 2024 Additions Valuation changes Realised loss Disposals At 31 December 2024 Carrying amount At 31 December 2024 At 31 December 2023 16 Stocks Finished goods and goods for resale 17 Debtors Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 18 Creditors: amounts falling due within one year Other taxation and social security Trade creditors Other creditors Accruals and deferred income |
Listed investments £ 222,879 61,029 13,531 3,295 (66,651) 234,083 234,083 222,879 2024 2023 £ £ 7 7 2024 2023 £ £ 1,921 1,822 137 310 6,769 8,036 8,827 10,168 2024 2023 £ £ 2,343 547 480 4,642 37 37 8,436 9,313 11,296 14,539 |
|---|---|
- 14 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 January | Incoming | Resources | TransfersAt 31 December | TransfersAt 31 December | |
|---|---|---|---|---|---|
| 2024 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| Mrs D Dillion | 480 | - | - | - | 480 |
| Medium Term Reserve | 10,000 | - | - | - | 10,000 |
| Defibrillator Replacement | 325 | - | - | - | 325 |
| Dogbath | 60 | - | - | - | 60 |
| Toilet Refurbishment Phase 3 | 198 | 3,864 | - | (4,062) | - |
| Biodiversity Project | 10,000 | - | (114) | - | 9,886 |
| R Minshull Footpath Project | - | 25 | - | - | 25 |
| Mayor's Charity Tree Planting | |||||
| Project | - | 500 | - | - | 500 |
| 21,063 | 4,389 | (114) | (4,062) | 21,276 | |
| Previous year: | At 1 January | Incoming | Resources | TransfersAt 31 December | |
| 2023 | resources | expended | 2023 | ||
| £ | £ | £ | £ | £ | |
| Mrs D Dillion | 480 | - | - | - | 480 |
| Medium Term Reserve | 10,000 | - | - | - | 10,000 |
| Defibrillator Replacement | 325 | - | - | - | 325 |
| Dogbath | 60 | - | - | - | 60 |
| Toilet Refurbishment Phase 1 | 422 | 6,152 | - | (6,574) | - |
| Toilet Refurbishment Phase 2 | - | 415 | - | (415) | - |
| Toilet Refurbishment Phase 3 | - | 198 | - | - | 198 |
| Biodiveristy Project | - | 10,000 | - | - | 10,000 |
| Educational Signs Plant Stand | - | 575 | (575) | - | - |
| 11,287 | 17,340 | (575) | (6,989) | 21,063 |
20 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At | 1 | January | Incoming | Resources | Transfers | Gains and | At |
31 December | |
|---|---|---|---|---|---|---|---|---|---|
| 2024 | resources | expended | losses | 2024 | |||||
| £ | £ | £ | £ | £ | £ | ||||
| General funds | 469,128 | 97,678 | (96,882) | 4,062 | 16,826 | 490,812 |
- 15 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
| 20 | Unrestricted funds | (Continued) | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Previous year: | At 1 | January | Incoming | Resources | Transfers | Gains and | At 31 December |
||
| 2023 | resources | expended | losses | 2023 | |||||
| £ | £ | £ | £ | £ | £ | ||||
| General funds | 450,896 | 91,521 | (89,472) | 6,989 | 9,194 | 469,128 | |||
| 21 | Analysis of net assets between funds | ||||||||
| Unrestricted | Restricted | Total | |||||||
| funds | funds | ||||||||
| 2024 | 2024 | 2024 | |||||||
| £ | £ | £ | |||||||
| At 31 December 2024: | |||||||||
| Tangible assets | 222,499 | - | 222,499 | ||||||
| Investments | 234,083 | - | 234,083 | ||||||
| Current assets/(liabilities) | 34,230 | 21,276 | 55,506 | ||||||
| 490,812 | 21,276 | 512,088 | |||||||
| Unrestricted | Restricted | Total | |||||||
| funds | funds | ||||||||
| 2023 | 2023 | 2023 | |||||||
| £ | £ | £ | |||||||
| At 31 December 2023: | |||||||||
| Tangible assets | 217,791 | - | 217,791 | ||||||
| Investments | 222,879 | - | 222,879 | ||||||
| Current assets/(liabilities) | 28,458 | 21,063 | 49,521 | ||||||
| 469,128 | 21,063 | 490,191 |
22 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
- 16 -
Charity registration number 1007740 (England and Wales)
Company registration number 02331405
ASTBURY MERE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ASTBURY MERE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mrs S Dean | |
|---|---|---|
| G F Cresswell | ||
| L I Mort | ||
| R B Mort | ||
| Mr P Speed | ||
| Mrs Caroline Whiting | ||
| Mr P Howell | ||
| Mr G Wolfenden | ||
| Mrs M A F Gartside | ||
| Mr G R Edwards | ||
| Mr D T Brown | (Appointed 16 January 2024) | |
| Mr M Edwardson | (Appointed 16 July 2024) | |
| Ms Clare Hudson | (Appointed 28 April 2025) | |
| Secretary | Mrs S Dean | |
| Charity number (England and Wales) | 1007740 | |
| Company number | 02331405 | |
| Principal address | Trustee Office | |
| Astbury Mere Country Park | ||
| Sandy Lane | ||
| Congleton | ||
| Cheshire | ||
| England | ||
| CW12 4AW | ||
| Registered office | Trustee Office | |
| Astbury Mere Country Park | ||
| Sandy Lane | ||
| Congleton | ||
| Cheshire | ||
| England | ||
| CW12 4AW | ||
| Independent examiner | Amanda Grint, FCCA | |
| Hammond McNulty LLP | ||
| Bank House | ||
| Market Square | ||
| Congleton | ||
| Cheshire | ||
| England | ||
| CW12 1ET |
ASTBURY MERE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 16 |
ASTBURY MERE TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The main purpose of the charity is to manage and maintain the country park at Astbury Mere, Congleton. 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.
Significant activities
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 2024 were:
Ongoing maintenance operations, along with repairs to paths, seats, fencing and signage kept the park looking in prime condition. Annual tasks were completed through the year including the cutting back of vegetation adjacent to paths throughout the site, around the Wildlife Area pond and in the Community Orchard. The various meadows throughout the park had their seasonal cuts, with bramble and self-sown saplings removed from the meadows on the east bank of the park.
Volunteer clients from the Rossendale Trust spent a number of days trimming some of the park's shrub beds. We also welcomed several individual volunteers, work experience students and young people undertaking restorative justice work in the community. In total the equivalent of 56 additional 'person days' (excluding work undertaken by volunteer trustees) were committed to the site over the course of the year.
Work continued on the thinning of the woodland at the southern end of the park. A full site tree safety audit was undertaken and work commenced on the production of a new 10 year woodland management plan for the site.
Volunteers
We do not have any permanent or semi-permanent 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 The Rossendale Trust and businesses looking for activities to support their social responsibility programmes.
Achievements and performance
Significant activities and achievements against objectives
The park remained as popular as ever through the year, with an estimated 480,000 visitors now enjoying the facilities.
Regular groups from Congleton U3A and Congleton Writers Forum continued to utilise the Community Room and the weekly Congleton Park Run remained well frequented, as in previous years.
We hosted a couple of sponsored charitable walks, mini first aid classes and birdwatching events. Local Beaver groups came pond dipping and groups of students from Peak Pursuits continued to make use of the park for a range of educational activities.
The park's bird boxes had their annual checks as usual. This year it was found that 97% of the boxes had been occupied, an indication the overall health of the woodland environment.
- 1 -
ASTBURY MERE TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
While the income derived from the Trust's investments only represents 7% of the total income it is necessary to ensure that the reserves are kept as safe as possible whilst generating the best level of return. The investment objective is to generate a return bettering inflation over the long term, after expenses. This should allow the Trust to at least maintain the value of the investment, whilst the income from that investment is used to contribute to the running cost of managing and maintaining the park.
All investments should produce a return in line with the Trust's stated investment objectives agreed by the Trustees and where practical ensuring that those funds are invested ethically.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Reference and administrative details Registered Company number
02331405 (England and Wales)
Registered Charity number
1007740
Registered office
Trustee Office Astbury Mere Country Park Sandy Lane, Congleton Cheshire CW12 4AW
Company Secretary
Mrs S Dean
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mrs S Dean
G F Cresswell L I Mort R B Mort Cllr S M Akers Smith (Resigned 10 May 2024) Mr P Speed Mrs Caroline Whiting Mr P Howell Mr G Wolfenden Mrs M A F Gartside Mr G R Edwards Mr D T Brown (Appointed 16 January 2024) Mr M Edwardson (Appointed 16 July 2024) Ms Clare Hudson (Appointed 28 April 2025)
Recruitment and appointment of trustees
Trustees can be appointed at any meeting of the trustees. Anyone wishing to become a trustee has to submit an application to the trustees. At the AGM one third of the trustees, being the longest serving members, retire and can stand for re-election, so that trustees are effectively voted in for 3 years. Trustees are voted in by a majority vote.
- 2 -
ASTBURY MERE TRUST
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees' report was approved by the Board of Trustees.
Mrs M A F Gartside Trustee
25 June 2025
- 3 -
ASTBURY MERE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ASTBURY MERE TRUST
I report to the trustees on my examination of the financial statements of Astbury Mere Trust (the Charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
-
4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 to enable a proper understanding of the financial statements to be reached.
Amanda Grint, FCCA
Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET England 25 June 2025
- 4 -
ASTBURY MERE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 4,770 4,389 Charitable activities 4 85,507 - Investments 5 7,401 - Total income 97,678 4,389 Expenditure on: Raising funds 6 2,259 - Charitable activities 7 94,623 114 Total expenditure 96,882 114 Net gains/(losses) on investments 12 16,826 - Net income 17,622 4,275 Transfers between funds 4,062 (4,062) Net movement in funds 9 21,684 213 Reconciliation of funds: Fund balances at 1 January 2024 469,128 21,063 Fund balances at 31 December 2024 490,812 21,276 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 9,159 5,126 17,340 85,507 78,540 - 7,401 7,855 - 102,067 91,521 17,340 2,259 2,354 - 94,737 87,118 575 96,996 89,472 575 16,826 9,194 - 21,897 11,243 16,765 - 6,989 (6,989) 21,897 18,232 9,776 490,191 450,896 11,287 512,088 469,128 21,063 |
Total 2023 £ 22,466 78,540 7,855 |
|---|---|---|
| 108,861 | ||
| 2,354 87,693 |
||
| 90,047 | ||
| 9,194 | ||
| 28,008 - |
||
| 28,008 462,183 |
||
| 490,191 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
ASTBURY MERE TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Fixed assets Tangible assets 14 Investments 15 Current assets Stocks 16 Debtors 17 Cash at bank and in hand Creditors: amounts falling due within one year 18 Net current assets Total assets less current liabilities Net assets The funds of the Charity Restricted income funds 19 Unrestricted funds |
2024 £ 7 8,827 57,968 66,802 (11,296) |
£ 222,499 234,083 456,582 55,506 512,088 512,088 21,276 490,812 512,088 |
2023 £ 7 10,168 53,885 64,060 (14,539) |
£ 217,791 222,879 |
|---|---|---|---|---|
| 440,670 49,521 |
||||
| 490,191 | ||||
| 490,191 | ||||
| 21,063 469,128 |
||||
| 490,191 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 25 June 2025
Mrs M A F Gartside
Trustee
Company registration number 02331405 (England and Wales)
- 6 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Astbury Mere Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Trustee Office, Astbury Mere Country Park, Sandy Lane, Congleton, Cheshire, CW12 4AW, England.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's articles of association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. Investments are included at market value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
| Freehold land and buildings | 2% on reducing balance and not provided on land |
|---|---|
| Plant and equipment | 10% on reducing balance |
| Fixtures and fittings | 10% on reducing balance |
| Computers | 10% on reducing balance |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.9 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 8 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.11 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 9 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 4,053 4,389 Gift Aid 717 - 4,770 4,389 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 8,442 4,798 17,340 717 328 - 9,159 5,126 17,340 |
Total 2023 £ 22,138 328 |
|---|---|---|
| 22,466 |
4 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Room Hire | ||
| Sale of goods | 4,844 | 4,368 |
| Catering Concession | ||
| Sale of goods | 27,856 | 26,362 |
| Car Parking | ||
| Sale of goods | 26,445 | 21,603 |
| Rents Received | ||
| Sale of goods | 26,362 | 26,207 |
| 85,507 | 78,540 |
- 5 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Other income | 6,762 | 7,242 |
| Interest receivable | 639 | 613 |
| 7,401 | 7,855 |
- 10 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
6 Expenditure on raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Trading costs | ||
| Other trading activities | - | 273 |
| Investment management | 2,259 | 2,081 |
| Total costs | 2,259 | 2,354 |
- 7 Expenditure on charitable activities
| Total Costs | Total Costs | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Depreciation and impairment | 6,237 | 5,507 |
| Wages | 15,966 | 12,849 |
| Pensions | 292 | 205 |
| Rates and Water | 1,712 | 710 |
| Insurance | 9,606 | 6,714 |
| Light and heat | 6,234 | 9,107 |
| Telephone | 537 | 433 |
| Postage and stationery | 79 | 151 |
| Sundries | 1,744 | 1,656 |
| Repairs | 16,535 | 15,174 |
| Warden Costs | 28,231 | 28,533 |
| PSP Charges | 1,967 | 1,274 |
| 89,140 | 82,313 | |
| Share of support and governance costs (see note 8) | ||
| Governance | 5,597 | 5,380 |
| 94,737 | 87,693 | |
| Analysis by fund | ||
| Unrestricted funds | 94,623 | 87,118 |
| Restricted funds | 114 | 575 |
| 94,737 | 87,693 |
- 11 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
8 Support costs allocated to activities
| 8 Support costs allocated to activities |
||
|---|---|---|
| Bank Charges Paypal Fees Governance costs Analysed between: Total Costs 9 Net movement in funds The net movement in funds is stated after charging/(crediting): Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets |
2024 £ 1,250 101 4,246 5,597 5,597 2024 £ 6,237 - |
2023 £ 1,011 186 4,183 |
| 5,380 | ||
| 5,380 | ||
| 2023 £ 5,507 1,732 |
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
Trustees' expenses
Trustee expenses paid in the year totalled £701.20 (2023 £NIL). Repairs £250.39 to one trustee (2023 £NIL), general expenses £418.26 to one trustee (2023 £NIL) and PPS £32.55 to two trustees (2023 £NIL).
11 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 |
|---|---|
| Number | Number |
| 1 | 1 |
There were no employees whose annual remuneration was more than £60,000.
- 12 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Gains and losses on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| Gains/(losses) arising on: | £ | £ |
| Revaluation of investments | 13,531 | 9,220 |
| Sale of investments | 3,295 | (26) |
| 16,826 | 9,194 |
13 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
14 Tangible fixed assets
| Tangible fixed assets | |
|---|---|
| Freehold land and buildings Plant and equipment Fixtures and fittings Computers £ £ £ £ Cost At 1 January 2024 210,675 27,085 24,854 4,673 Additions - - 10,945 - At 31 December 2024 210,675 27,085 35,799 4,673 Depreciation and impairment At 1 January 2024 21,466 18,174 6,353 3,503 Depreciation charged in the year 2,284 891 2,945 117 At 31 December 2024 23,750 19,065 9,298 3,620 Carrying amount At 31 December 2024 186,925 8,020 26,501 1,053 At 31 December 2023 189,209 8,911 18,501 1,170 |
Total £ 267,287 10,945 |
| 278,232 | |
| 49,496 6,237 |
|
| 55,733 | |
| 222,499 | |
| 217,791 |
- 13 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
| 15 Fixed asset investments Cost or valuation At 1 January 2024 Additions Valuation changes Realised loss Disposals At 31 December 2024 Carrying amount At 31 December 2024 At 31 December 2023 16 Stocks Finished goods and goods for resale 17 Debtors Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 18 Creditors: amounts falling due within one year Other taxation and social security Trade creditors Other creditors Accruals and deferred income |
Listed investments £ 222,879 61,029 13,531 3,295 (66,651) 234,083 234,083 222,879 2024 2023 £ £ 7 7 2024 2023 £ £ 1,921 1,822 137 310 6,769 8,036 8,827 10,168 2024 2023 £ £ 2,343 547 480 4,642 37 37 8,436 9,313 11,296 14,539 |
|---|---|
- 14 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 January | Incoming | Resources | TransfersAt 31 December | TransfersAt 31 December | |
|---|---|---|---|---|---|
| 2024 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| Mrs D Dillion | 480 | - | - | - | 480 |
| Medium Term Reserve | 10,000 | - | - | - | 10,000 |
| Defibrillator Replacement | 325 | - | - | - | 325 |
| Dogbath | 60 | - | - | - | 60 |
| Toilet Refurbishment Phase 3 | 198 | 3,864 | - | (4,062) | - |
| Biodiversity Project | 10,000 | - | (114) | - | 9,886 |
| R Minshull Footpath Project | - | 25 | - | - | 25 |
| Mayor's Charity Tree Planting | |||||
| Project | - | 500 | - | - | 500 |
| 21,063 | 4,389 | (114) | (4,062) | 21,276 | |
| Previous year: | At 1 January | Incoming | Resources | TransfersAt 31 December | |
| 2023 | resources | expended | 2023 | ||
| £ | £ | £ | £ | £ | |
| Mrs D Dillion | 480 | - | - | - | 480 |
| Medium Term Reserve | 10,000 | - | - | - | 10,000 |
| Defibrillator Replacement | 325 | - | - | - | 325 |
| Dogbath | 60 | - | - | - | 60 |
| Toilet Refurbishment Phase 1 | 422 | 6,152 | - | (6,574) | - |
| Toilet Refurbishment Phase 2 | - | 415 | - | (415) | - |
| Toilet Refurbishment Phase 3 | - | 198 | - | - | 198 |
| Biodiveristy Project | - | 10,000 | - | - | 10,000 |
| Educational Signs Plant Stand | - | 575 | (575) | - | - |
| 11,287 | 17,340 | (575) | (6,989) | 21,063 |
20 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At | 1 | January | Incoming | Resources | Transfers | Gains and | At |
31 December | |
|---|---|---|---|---|---|---|---|---|---|
| 2024 | resources | expended | losses | 2024 | |||||
| £ | £ | £ | £ | £ | £ | ||||
| General funds | 469,128 | 97,678 | (96,882) | 4,062 | 16,826 | 490,812 |
- 15 -
ASTBURY MERE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
| 20 | Unrestricted funds | (Continued) | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Previous year: | At 1 | January | Incoming | Resources | Transfers | Gains and | At 31 December |
||
| 2023 | resources | expended | losses | 2023 | |||||
| £ | £ | £ | £ | £ | £ | ||||
| General funds | 450,896 | 91,521 | (89,472) | 6,989 | 9,194 | 469,128 | |||
| 21 | Analysis of net assets between funds | ||||||||
| Unrestricted | Restricted | Total | |||||||
| funds | funds | ||||||||
| 2024 | 2024 | 2024 | |||||||
| £ | £ | £ | |||||||
| At 31 December 2024: | |||||||||
| Tangible assets | 222,499 | - | 222,499 | ||||||
| Investments | 234,083 | - | 234,083 | ||||||
| Current assets/(liabilities) | 34,230 | 21,276 | 55,506 | ||||||
| 490,812 | 21,276 | 512,088 | |||||||
| Unrestricted | Restricted | Total | |||||||
| funds | funds | ||||||||
| 2023 | 2023 | 2023 | |||||||
| £ | £ | £ | |||||||
| At 31 December 2023: | |||||||||
| Tangible assets | 217,791 | - | 217,791 | ||||||
| Investments | 222,879 | - | 222,879 | ||||||
| Current assets/(liabilities) | 28,458 | 21,063 | 49,521 | ||||||
| 469,128 | 21,063 | 490,191 |
22 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
- 16 -