THE NATURESAVE TRUST ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 CHARITY NUMBER: 1048505 THE NATURESAVE TRUST YEAR ENDED 31 AUGUST 2024 OFFICERS AND PROFESSIONAL ADVISERS Trustees David Moore Christopher Pitt Georgina Allen Registered and Business address South Devon House Babbage Road Totnes Devon Independent examiner Claire Bottaro, Group Management Accountant Lloyd&Whyte Itd, Bindon Road, Taunton Bank The Co-operative Bank Olympic House 6 Olympic Court Montford Street Salford M5 2QP THE NATURESAVE TRUST ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Legal Status The Naturesave Trust is constituted by Trust Deed dated 1 June 1995. The Naturesave Trust is a registered Charity, charity number 1048505. Objects The Naturesave Trust was formed to promote and encourage the protection, preservation and improvement of the environment for the benefit of the public, in particular by encouraging the greater adoption of sustainable development through the funding of specific environment and conservation projects. Administration Trustees who held office during the year were: Georgina Allen {appointed 1 February 2024) David Moore Christopher Pitt Flnancfal Review During the year monies were received of £76,082 froffl Naturesave Polic7es Limited - Premiurn Account. These funds were used in furtherance of the objects of the charity and were applied towards: Moor Trees Friends of the Dart Sal's Shoes Westcountry Rivers £15,000 £10,000 £5,000 £4,900 Sustainable Southams It takes a Village Lower Impact LivTng Plastic Free North £4,000 £3,696 £3,620 £2.510 as well as other conservation projects. The Trustees continued to hold social investments in various organTsations which share the trust'5 values. No additional social investments were made during the year. These investments are made directly in pursuit of the Trust's charitable purposes. The purpose of such investments is not to generate a financial return to the Trust but to further the objects of the funding charity. The Trustees are keen to support those projects with a long-term benefTt, which deal proactively with the root of a particular problem as opposed to merely reacting to the effects. The projects considered must be from environment and conservationist groups and organisations who seek funding for specific projects and not the general administrative costs of their respective organisations. For further information please contact Mr Christopher Pitt care of Naturesave Policies Limited, South Devon House, Babbage Road, Totnes, Devon Tel: 01803 864390 Email: mail@naturesave.co.uk Alternatively, details of all projects funded are on the web site. Trustees, Responsibilities Charity law requires the Trustees to prepare a receipts and payments account and statement of assets and liabilities for each financial. year, which give a true and fair view of the state of affairs of the charity and of its financial activities for that year which properly present the charity's receipts and payments for the year together with its assets and liabilities at the end of the year, and adequately distinguish any material special trust or other restricted fund of the charity. In preparing those financiaL statements the Trustees are required to: a) Select suitable account policies and apply them consistently: b) Make judgement and estimates that are reasonable and prudent; c) State whether applicable accounting standards and statement5 of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements: d) Prepare the financial statements on a going concern basis unless it is appropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial posltion of the Charity and which enable them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In the opinion of the Trustees the Charity is entitled to prepare accounts on a receipts and payments basis. Reserves policy It is the policy of the charity to seek to maintain a balance in the region of £5,000 for the purpose of maintaining the level of income for future grants. Rlsk management The charity incurs minimal operating costs and grants are made only on the strengths of income received. The Trustees consider that this prudent reserve policy minimises the risks to which the charity is exposed. Christopher Pftt Trustee . June 2025 THE NATURE5AVE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 I report on the accounts of Naturesave Trust for the year ended 31 August 2024, which are set out on pages 5 and 6. Respectyve Responsibllities of Trustees and Examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144{2> of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: a) Examine the accounts under section 145 of the 2011 Act. b) To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and c) To state whether particular matters have come to my attention. Basis of Independent Examiner's Report My examination was carried out in accordance with the general Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanation from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent Examiner's Statement In the course of my examination no matter has come to my attention: 1 . Which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements: a. To keep proper accounting records in accordance with section 130 of the 2011 Act" and b. To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act; or 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Claire Bottaro THE NATURESAVE TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Incon* receipts Voluntary thnations Bank interest Investment dividends & interest Redemption of investments Total Receipts 76,082 50,298 11,514 144 9,9)2 5,801 66,001 87.740 Payments Grants and thnations Environmental performance review and monitoring Environmentally aware trading certificate5 Printing and Y￿b$ite Trustees, liability insuran Trust administration Other Total Payments 90,606 11,686 25,860 6,435 279 10,(KK) 2.476 115,047 213 1,750 84 34,342 Net receipts for the year Bank balan￿ 31 August 2023 Bank balan￿ 31 August 2024 27,307 139,887 112.580 31.659 108,228 139.887 STATEMENT OF ASSETS AND LIABILITIES AS AT 31 AUGUST 2024 2024 2023 Investment assets Social investments 174,637 174,781 Cash funds Current account Dep￿lt account 112,580 139,887 Net assets 287,217 314,668 Chrlstopher Pitt Trustee June 2025 THE NATURESAVE TRUST NOTES TO THE FINANCIAL STATEMEprrs FOR THE YEAR ENDED 31 AUGUST 2024 1. Accounting Policies The Receipts and Payments Account has been drawn up as a summary of the receipts and payments made during the year by the Charity. Amounts are included as received by the Charity or as cheques are drawn. The Receipts and Payments Account and Statement of Assets and Liabilities have been prepared following the guidance for accountancy for smaller charit7es issued by the Charity Commissioners. 2. Statement of Assets and Liabilities The Statement of Assets and Liabilities consists of the balances on the bank accounts and investments purchased as social investments primarily to further the objects of the funding charity and not w7th the primary motivation of a financlal return. 3. Trustees No Trustee received any remuneration in the year. 4. Related Party Transactions During the year the Charity received £76,082 (2023 - £50,298) from Naturesave Policies Limited. 5. Taxation The Trust is a registered Charity and is therefore exempt from any liability to taxation.