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2023-10-31-accounts

Ramblers Holidays Charltable Trust Registered Charity Number: 1069835 Trustees, Report and Financial Statements forthe year ended 31st October 2023 Wenn Townsend Chartered Accountants Oxford

Ramblers Holldays Charltable Trust Contents Page Legal and administrative infomialion TNstees' report Independent auditor's report statement of financial activities Balance sheet Notes to the financial statements 10-16

Ramblers Holidays Charltable Trust Legal and admlnlstratlve Infomiatlon Trustees: Mr J Sissons {appoinled 28104120221- Chair Mr M Duxbury {appoinled 28104120221 Mr K Goddard {appoinled 0211112023} Mr P Edgerton lappoinled 2713120231 Dr D M Dwyer (appointed 26110120221 Ms H Cooper lappointed 2611012022) Mrs C Searte (appointed 0510712023) Trustees Nominated by Ramblers Holidays Group Ltd: Mr J Sissons- Chairman Mr M Duxbury Mr P Edgerton Dr D M Dwyer Ms H Cooper Treasurer and Registered O￿lce. Mr M Duxbury clo Ramblers HOl￿ayS Ltd Lemsford Mill Lemsford Village Welwyn Garden City AL8 7TR Principal Operating Office: Lemsford Mill Lemsford Village Welwyn Garden City AL8 7TR Independent Auditors: Wenn Townsend 30 Sl Giles Oxford OX13LE Bankers: Barclays Bank plc PO Box 279 Eagle Point Capability Green Luton LU13US Investment Advisors: Ralhbone Investment Management Limited Port of Liverpool Building Pier Head Liverpool L3 1 NW

Ramblers Holidays Charitsble Trust Tru5tees' Report for the yoar ended 31st October 2023 The Trustees present their annual report together with the audited financial slalemenls of the Charitable Trust for the year ended 31 sl October 2023. The Trustees confi'rm that the Amnual Report and financial slalemenls comply with the cutrenl slalutory requirements, the requirements of the Charitable Trust's governing document and the provisions of the Statement of Recommended Practice {SORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019. Pollcles and objectives Constitution Ramblers Holidays Charitable Trust is a registered charity Ino. 10698351 and is regulated by a scheme sealed on 16th June 2005. Trustees The directors of Ramblers Holiday Group Limited appoint the nominated Trustees who hold office for three years. Co-opted Trustees are appointed at 2 special meeting of the charity's Trustees and are appointed for one year. There are 5 nominated Trustee positions and there can be up to 2 co-opted Trustees. Grant making policy The Trustees have the power to make donations and grants lo other organisalions for purposes which fall within the principal activities of the trust as sel out below. Investment pollcy The investment of the tru51 funds is at the Trustee's discretion. Rathbones Investment Management Ltd are employed to advise the Trustees and invest the trust funds in accordance with an agreed medium risk strategy. Risk ￿VIeW The Trustees have considered the risks to which the charity is exposed and have established Systems for miligaling those risks. Trustees minimise investment risks by having regular valuation ￿pOrtS and discussions with their investment advisers. Internal risks are minimised by Pro￿dureS implemented for authorising transactions lo ensure consistent quality of delivery for all operational aspects of the charity. The Trustees review these procedures periodically.

Ramblers Holidays Charitable Trust Trustees. Report for the year ended 31st October 2023 Icontlnuedl Achlevements and performance Financial review The accounts show net incoming reSoUr￿S of £35,80012022.' £64.3371 and a nel loss on funds after loss on investments of £70,327 12022.. net loss of £242.7841. In the current period the charity approved grants of £86,166. Of the grants awarded £22,906 was paid in the period with £19,260 payable in 2023124, £22,000 payable in 2024125 and £22.000 payable in 2025126. Reserves policy The Trust does not have a reseTves policy, although with funds at the year end of £3,505.733 and ongoing commitments restricted lo grants payable in the future, the Trustees feel the charity is in a strong financial position. Golng concern After making appropriate enquilies, the Trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concein basis in preparing the financial stalemenls. Furthei details regarding the adoption of the going concern basis can be found in the ACCO￿n11n9 Policies. Structure, governance. and management Method of appointment or election of Trustees The management of the trust is the responsibility of the Trustees who are nominated and co-opted under the terms of the Tfust Deed. Principal activities The Ramblers Holidays Charitable Trust is a registered charity Ino. 1069835}, regulated by a scheme sealed on 16th June 2005. The scheme replaced the Ramblers Association Trust Deed as the governing document of the trust. The trust holds and applies monies received from Ramblers Holidays Group Lim((ed. The Trustees apply income arising from the investment fund lo meet the trust's objectives, as follow., To promote. encourage and assist in.. The provision and protection of ft)otpaths arbd other ways over which the public have a right of way or access on fool. The protection and enhancement for the benefit of the publi¢ of the beauty of the countyside and other areas which are provided for the benefit of the public by such lawful means as the trustees think fit. including by encouraging the public to provide and preserve public aceess lo18nd on foc•l. The provision ol facilib'es for and the organising of walking and other outdoor recreational a¢tiv¢ties with the object of improving the conditions of life for the persons for whom the facilities are intended, namely the public at large, and in the interests of social welfare. The advancement of the education of the public in subjects relating lo access to, and the preSe￿ation and conservation of, the countryside. and of the health benefits of otsldoor recreational pursufts. iv) The Trustees may further the objects particularly by helping 811 persons to a 9realer knowledge. love and care of the COLtntryside and urban open spaces, and by eneouraging participation in walking.

Ramblers Holidays Chafitable Trust Trustees. Report for the year ended 31st October 2023 Icontinuedl Trustees The Trustees who served in the year were as follows.. Mr J Sissons {appoinled 2810412022)- Chair Mr M Duxbury18ppoinled 2810412022) Mr K Goddard {appoinled 02111120231 Mr P Edgerton lappoinled 2713120231 Dr D M Dwyer (appointed 26110120221 Ms H Cooper (appointed 26110120221 Mrs C Searle (appointed 05107120231 Trustees training and induction New Trustees are met by the Chairman, Secretary and Treasurer of the charity and given a detailed briefing on the background lo the charity. New Trustees are also provided with copies of recent financial stalemenls, a copy of the Charity Trust Deed and a copy of the Charity Commission publications felaling to Trustees, duties and responsibilities. Trustees have access to appropriate training eourses as required. Trust activities during the year 202212023 Ramblers Holidays Charitable Trust exists to support people from all walks of life lo a¢￿$S the outdoors with an emphasis on helping those who might not be able to aC￿SS the outdoors themselves. During 2022-23, trustees madè efftirts to expand the geographic and demographic footprint of the support given with the intention of creating a lasting impact that will encourage greater engagement with the outdoors. A feature of trustees. considerations in 2022123 was to leverage the support we can provide by balancing collaboration with orgar*isations over time with supporting one-off initiatives. Investment advi$er$ The charity has retained the seNices of Rathbone Investment Managemenl Limited. Public benefit The Trustees have had due regard lo guidance published by the Charity Commission on public benefit. The charity's commitment lo public benefit is reflected in the details given of principal acb"vilies. Dlsclosure of information to auditors Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that." so far as that Trustee is aware, there is no relevant audit infOrn￿li0ft of which the charitable company's auditors are unaware, and that Trustee has tsken all the steps that ought lo have been taken as a TNslee in order lo be aware of any relevant audit infomiab.on and to establish that the charitsble company's auditors are aware of that information.

This report was approved by the Trustees on 23 April 2024 and signed on their behalf by.. 'Iff s ISSèLLS Mr Jeff Slssons- Chairman

Ramblers Holidays Charitable Trust Truste¢s' report for the year ended 31st October 2023 (contlnued) statement of trustees, responsibilities The Charity's Trustees are responsible for preparing the Trustees, Anrlual Report and the financial slalemenls in accordance with applscable and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Pracbcel. Company law requires the Charity Tru51ees to prepare financial slatemenls for each year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the charitable Irust for that period. In preparing these financ¢al statements. the Trustees are required lo.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles of the Charities SORP.. make judgements and accounting estimates that are reasonable and prudent., slate whether applicable UK Aecounting Standards have been followed, subject lo any rnaterial departures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charitable trust's transactions and disclose with reasonable accuracy at any lime the financial position of the charitable trust and enable them lo ensure that the financial 5talemen15 comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Ramblers Holidays Charitable Trust Independent Auditorfs Report to the members of Ramblers Holidays Charltable Trust Opinion We have audited the flnancial slatemenls of Ramblers Holidays Charitable Trust for the year ended 3151 Odober 2023 which cornprise the Statement of Financial Aetivities, the Balance Sheet, and notes to the financial statements. including a summary of significant 8ttoynling poliaes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Finanaal Reporting Slandard 102 The Financial Reportffng Sf8ndard appli¢8ble lrt the UK 8nd Republic of I￿land (United Kingdom Generally A￿pIed Accounting Practice). In our opinitsn the finanaal slalement8'. give a Irtje and fair vrew of the state of the charity's affairs as at 31st October 2023. and of ts incoming ￿sourceS and application of re50ur¢es, induding its income and expenditure. for the year then ended., have been properly prepared in aecordance with United Kingdom Generally AC￿pted Accounting Practice,. and have been prepared in accoidance with the iequirements of Ihe Charities Act 2011. Basis for oplnion We conducted our audit In accordance with Intematstsnal Standards on Auditing {UKI {ISAs IUK}l and applicable law. Our responsibilities ¢Ander those standards are further described in ihe Auditor's responsibilities for Ihe audit of the finanaal statements section of our report. We are independent ol the charitable trust in accordance with the ethical iequirements that are rel¢v8nl lo our audit of the financial statements in the UK, induding the FRC's Elhi(xl Standard, and we have fulfilled our other ethical responsibtltiies in accordance with these requiremen15. We believe that the audit evidence we have obtained is sulficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In audrtin9 the financial statements. we have concluded Ihal the Iruslees, use of the golng concem basis of accounting in the preparatson of the financial statements Is appropTh81e. B8sed on the work we have performed, we have ntrt identified any material uncertainlies relating lo events or c¢)nditions that, individually or collectively. may cast signilicant doubt on the charitable company's ability lo continue as 8 gotng ctsn￿rn for a period of 81 least Iwelve months from when the finanaal statements are authorised for issue. Our responsibilities and the responsibilitses of the trustees with respecl to going concem aio described In the relevant seclions of this report. Oth¢r intomiation The Iruslees are iesponsible for the other infomiation. The other information comprises the inforrnation induded in the trustees. annual rewrt, other than the financial statements a￿￿ our audilorfs report the￿0￿. OUT opinion on the finanual slatemenis does not cover Ihe other informal¢on and, except lo the extent otherwise explicitly slated in our report. we do not express any lomi of assurance conclusion thereon. In connection with our audit of the financial s¢atements, our responsibility is to read Ihe othttr infomation and, in doing $0, consider whether the other information is materially inconsistent with the financial Stalemenls. or our knowledge obtained rn the audit or olhemse appears to be materialw misslaled. If we idenlfy such rnaterial Inconsistencies or apparent material misslalernents. we are required lo determine whether there is a material mi$51atement in the finanaal statements or a material mi5Stalemenl of the other infomation. If. based on the work we have performed, we conclvde that there is a material mis5ts1emenl of this other 5nformation, we are required to report that f8d. We have nothing to report in thi5 Tegard. Matters on which we arè requlred to report by ex¢eplion We have nothing to report In respect of the following matters in relatIC￿ to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you il, in our opinion.. the infomiation given in the Trustees, Report 4s inconsistent In any malerial respect with the financial stalemenls.. or adequate accounting fecords have not been kept, or returns adequate for our audit have not been re￿iVed from branches not visited by us.. or the financial statements are not in agreernent wth the ar￿U￿tIng records and returns.. or we have not received all the information and explanations we require for our audrt. Responslbllities of trustees As explained more fully in the Iruslee5' responsibilities statement set out on page 5, thÈ trustees are iesponsible for Iht preparation of the finanryal slalemenls and for being satisfied that they give a true and fair view, and lor $u¢h internal control as the trustees determine is necessary to enable the preparation of financÉal statements that are free trom material misstatement, whether due to fraud or error.

Ramblers Holidays Charltable Trust Independent Auditor's Report to the members of Ramblers Holidays Charitable Trust Icontinuedl In preparing the financial statements. the trustees are responsible for assessing the charitable trust's abilily to Contin￿ as 8 going concein. disclosing. as applicable. matte15 related ttr goin9 concern and using the going concern basis of a¢counting unless the trustees either intend to liquidate the charrtable trust or to cease operations. or have no realistic Iternative bul to do so. Auditor's responsibilitlès for the audit of th• financlal statemants We have been appointed as auditor under Section 144 of the Charilles Act 2011 and report in accordance wth the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from rnalerial misstatetnent, whether due to fiaud or error. and to issue an auditorfs report that irtludes our opinion. Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to Influen￿ the e¢onomic deGi$ions of users taken on the basis of these finanaal statements. A further description of our responsibilities for the audit of the finanaal statements is located on the Financial Reporting Council's website at.. www.frc.org.ukJauditorsresponsibililies. This description fomis part of our audilorfs reF>Ort. Irregularities, includit)g fraud, are instances of non-compliance wilh laws and regulations. We design procedures In line with our responsibilities, outlined above, to delect material misstalemenls in respect of irregularitie5, including fraud. The specific prO￿dureS for this engagement and the exlenl to which these are capable of detecting iriegularities. including fraud is detailed below.. Enquiry of management, those charged with goveman¢tr, around actual and potential litigation and claims; Enquiry of entity staff in tsx and compliance functions to identfy any instances of non-compliance wth laws and regulations.. Reviewng minutes of rneetin9s ofth05e charged with govemance., Reviewng finanual statement disdosures and lesting to sUppO￿ng documentation lo assess ry)mpliance with applicable laws and regulations.. Perfom)ing audit work over the risk of management override of controls, including testing of loum81 Èntries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside Ihe normal course of business and reviewing accounting eslimales for bias. Because of the inherent limilalions of an audit, there is 8 risk that we wll not detect all irregularities. including those leading to a rnaterial rnisstalement in the financial slalements or non-compliance with regulation. This risk increases Ihe more that compliance with a law or regulation is r8moved frorn the event5 and transactions reflecled in the financial statements. as we will be less likely lo become 8warÈ of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo traud r*her than error. as fraud inVo￿eS inlentional concealment, forgery, collusion, omission or misrepresentation. Use of our rèport This rèport is made solely to the Trustees, as a body. in accordance with Part 4 of the Chariti85 (Accounts arnd Reports) Regulations 2008. Our audrt work has been undertaken so that we might state to the Trustees those matters we are required to stale to them in an auditorfs report and for no other puipose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trustees, for our audit work, for this report. or for the opinions we have fomed. Wenn Townsend Chartered Accountsnts and Statuiory Auditors Oxford - 2024 Wenn Townsendis elwible to act as an auditorin tenns of seefion 1212 of rhe CompaniesAct 2006.

Ramblers Holidays Charitable Trust ststÈment of Flnan¢lal Activities Ilncluding income and expenditure account) For the year ended 31st October 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Ineomlng resources Donations Investments 1.075 98.589 1,075 98,589 91,801 Total Income 99,664 99,664 91,801 Expenditure on: Investment management costs Charitable activities and governance costs 13,818 50,046 13.818 50.046 15.135 12.329 Total expenditure 163,864) 163,864) (27.4641 Net incomellexpenditure) before Investment gainsllosses Nel gainsl(losses) on investments 35,800 {106.127) 35,800 1106,1271 64,337 1307,1211 Net Incomel{expenditurel 170.3271 170,3271 1242,7841 Reconciliation of funds: Total fvnds broughl forward 3.576,060 3,576.IKO 3,818,844 Total funds carried forward 3.505,733 3,505,733 3,576.ts0 All the CharFty's operations are classed as continuing. The notes on pages 10 to 15 form part of these financial $tatements

Ramblers Holidays Charitable Trust Balance Sheet At 315t October 2023 Notes 2023 2022 Fixed assets nveslments 3,452.205 3,372.733 Current assets Cash at bank and in hand Debtors 119,864 205,923 1,763 119.864 207.686 Creditors: amounts falling due within one year 122,336) 14.3591 Net current assets 97,528 203.327 Cieditors amounts falllng due after one year 10 144,000) Net assets 3,505,733 3,S76,060 Charlty Funds Unrestricted funds 3,505,733 3,576,060 Total Funds 11 3,505,733 3.576,060 The financial slalements were approved by the TrLEslees on 23 April 2024 and signed on their behalf by.. J Sissons Mr Jeff A Sis$ons- Chairma The notes on pages 10 to 15 form part of these accounts

Ramblers Holidays Charltable Trust Notes to the Financial Statements for the year ended 31st October 2023 Accounting policies {a) Basis of preparation The financial statements have been prepared in accordance with Acwunting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republic ol Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Accounting Practi￿. Ramblers Holidays Ch8ri1able Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are init1311y recognised at historical cost or transaetion value unless otherwise stated in the relevant a¢counling policy. The finanaal statements have been prepared on a going concem basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statements. The budgeted income and expenditure are sufficient wilh the level of reserves for the charity to be able to continue as a going concem. The financial statements are presented in sterling which is the functional cu¥rency of the charity and rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consislenlly applied to all years presented unless otherwise slated. {bl Charltable status The charity is registered with the Charity Commissioners for England and Wales and is governed by a scheme sealed on 16th June 2005. The charity is exempt from in¢ome lax and capital gains tax liabilities bul has borne VAT on ils expenditure where appropriate. {cl Income Income from investments is accounted for on an accrual basi5, Donations are treated as income in the year of receipt. Idl Expenditure Expenditure is accounted for on an accrual basis. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the trust's operations, including support costs and costs relating to the g0Veman￿ of the trust apportioned lo charitable a¢livilies. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject lo conditions which have not been met at the year end are noted as a commitment, bul not accrued as expenditure. 10

Ramblers Holidays CharStable Trust Notes to the Flnancial Statements for the year ended 31st October 2023 onlinued .. A¢¢ountlng policies {continuedl (el Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value al the balance sheet date, unless fair value carinot be measured reliably in which case il is measured at cost less impairment. Investment gains and losses. whether realised or unrealised, are combined and shown in the heading 'gainslllosses} on investments, in the statement of financial acb'vities in¢orporab'ng income and expenditure account. ifj Interest receivable Inte￿st on funds held on deposit is included when receivable and the amount can be measured reliably by the Irusl., this is normally upon notification of the interest paid or payable by the bank. Igl Cash at bank and In hand Cash al bank and in hand includes cash and short term highly liquid investments with a shtsrt mattjrity of three months or less from the dale of acquisition or opening Ot the deposit or similar account. (h} Liabilities and provisions Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in seitlemenl, and the amount of the settlement can be estimated reliabty. Liabilities are recognised al the amount that the trust anticipates it will pay lo sewe the debt or the amount it has received as advanced payments for the goods or Services il must provide. Financial instruments The trust only has financial assets and fir¢ancial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequenlly measured al amort¢'sed cost using the effective method. ') Fund account5ng General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the general objectives to the trust and which have not been designed for other purF)oses. Designated fijnds comprise iJnrestr*cted funds that have been set aside by the Trustees lor particula¥ purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 11

Ramblers Holldays Charltable Trust Notes to the Financial Statements lorthe year ended 31st October 2023 ¢ontinued........ Investment income Unrestricted Funds 2023 ToLIl Funds 2023 Total Funds 2022 Dividends Bank interest 96,961 1,628 96,961 1,628 91,734 67 98,589 98,589 91.801 Analysis of expendlture on charltable actlvltles and governance costs Unrestricted funds 2023 Total funds 2023 Total funds 2022 Granis awarded Trustee meeting costs 2nd expenses Audit and accountancy fees HonoraTium Website development and computer Gosls Legal fees Retirement gift Other costs 2021 grant withdrawn Underspend of prior period gr2nl 86,166 2.202 1.920 86,166 2,202 1.920 5,589 584 2.235 1,500 2,345 2,345 1,598 500 323 781 {1,200} 142,168) 781 11,200} {42,1681 50,046 50,046 12,329 12

Ramblers Holidays Charltable Trust Notes to the Financlal Statements for the year ended 31st October 2023 continued . Analysis of expendlture by expenditure type Other costs Other costs 2023 2022 Expenditure on investment management 13,818 15,135 Costs of raising funds 13,818 15,135 Grants awarded Trustee meebng costs and expenses Audit and 8ceountancy fees Honorarium Website development Legal fees Retirement gifts Other costs 2021 grant withdrawn Underspend ol prior period grant 86.166 2,202 1,920 5.589 584 2,235 1,500 2,345 1,598 500 323 781 {1.2001 {42,1681 Charitable actlvllles 50.046 12,329 63.864 27,464 Net Incomellexpenditurel 2023 2022 Auditor's remuneration 1,920 2,235 During the year. no Trustees received any remuneratior¢12022.' £Nill. During the year, no Trustees re￿iVed any benefits in kind12022'. £Nil}. During the year, Trustees received reimbursement expenses of £843(2022.' £50}. Auditor's remuneration The auditor's remuneration amounts lo an audit fee of £1,92012022.' £2,235). 13

Ramblers Holldays Charitable Trust Notes to the Financial Statements for the year ended 31st October 2023 continued Flxed asset Investments Ll$ted Securities Market value Al 1 st November 2022 Additions Disposals Net unrealised gainslllossesl 3,372,733 2,247.281 12,061.6821 1106,1271 At 31st October 2023 3,452,205 Debtors 2023 2022 Other debtors 1.763 Credltofs: amounts falling due within ong year 2023 2022 Accruals Grants payable within one year 3,076 19,26D 4.359 22,336 4,359 10 Credltors: amounts falling due after one year 2023 2022 Grants payable after one year 44,000 44,000 14

Ramblers Holidays Charitable Trust Note5 to the Financial Statements for the year ended 31st October 2023 continued ..... 11 Statement of funds- ¢urrent year Balance at 1st November 2022 Balance at Gainsl 31st October (Losses) 2023 Income Expenditure Unrestricted funds Unrestricted fvnds- all lunds 3.576,060 99,664 163,864} {106,1271 3,505,733 statement of funds- prior year Balance at 1st November 2021 Balance at Galnsl 31st October (Losses) 2022 Income Expenditur¢ Unrestricted fvnds Unrestricted funds- all funds 3,818.844 91,801 127,464) {307,121} 3,576,060 12 Analysis of net assets between funds- current year Unrestricted Funds 2023 Fixed asset investments Current assets Creditors due within and after one year 3,452.205 119.864 166,3361 3,505.733 Analysls of n¢1 assets between funds- prior year Unrestrieted Funds 2022 Fixed asset investments Current assets Creditors due within and after one year 3,372.733 207,686 {4.3591 3.576,060 13 Related party Rarnblers Holiday Group Limited, a company Ilimited by guarantee) registered in England, has the power lo appoint up to five Tfu5tees of the charity. 15

Ramblers Holidays Charltable Trust Registered Charity Number: 1069835 Trustees, Report and Financial Statements forthe year ended 31st October 2023 Wenn Townsend Chartered Accountants Oxford

Ramblers Holldays Charltable Trust Contents Page Legal and administrative infomialion TNstees' report Independent auditor's report statement of financial activities Balance sheet Notes to the financial statements 10-16

Ramblers Holidays Charltable Trust Legal and admlnlstratlve Infomiatlon Trustees: Mr J Sissons {appoinled 28104120221- Chair Mr M Duxbury {appoinled 28104120221 Mr K Goddard {appoinled 0211112023} Mr P Edgerton lappoinled 2713120231 Dr D M Dwyer (appointed 26110120221 Ms H Cooper lappointed 2611012022) Mrs C Searte (appointed 0510712023) Trustees Nominated by Ramblers Holidays Group Ltd: Mr J Sissons- Chairman Mr M Duxbury Mr P Edgerton Dr D M Dwyer Ms H Cooper Treasurer and Registered O￿lce. Mr M Duxbury clo Ramblers HOl￿ayS Ltd Lemsford Mill Lemsford Village Welwyn Garden City AL8 7TR Principal Operating Office: Lemsford Mill Lemsford Village Welwyn Garden City AL8 7TR Independent Auditors: Wenn Townsend 30 Sl Giles Oxford OX13LE Bankers: Barclays Bank plc PO Box 279 Eagle Point Capability Green Luton LU13US Investment Advisors: Ralhbone Investment Management Limited Port of Liverpool Building Pier Head Liverpool L3 1 NW

Ramblers Holidays Charitsble Trust Tru5tees' Report for the yoar ended 31st October 2023 The Trustees present their annual report together with the audited financial slalemenls of the Charitable Trust for the year ended 31 sl October 2023. The Trustees confi'rm that the Amnual Report and financial slalemenls comply with the cutrenl slalutory requirements, the requirements of the Charitable Trust's governing document and the provisions of the Statement of Recommended Practice {SORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019. Pollcles and objectives Constitution Ramblers Holidays Charitable Trust is a registered charity Ino. 10698351 and is regulated by a scheme sealed on 16th June 2005. Trustees The directors of Ramblers Holiday Group Limited appoint the nominated Trustees who hold office for three years. Co-opted Trustees are appointed at 2 special meeting of the charity's Trustees and are appointed for one year. There are 5 nominated Trustee positions and there can be up to 2 co-opted Trustees. Grant making policy The Trustees have the power to make donations and grants lo other organisalions for purposes which fall within the principal activities of the trust as sel out below. Investment pollcy The investment of the tru51 funds is at the Trustee's discretion. Rathbones Investment Management Ltd are employed to advise the Trustees and invest the trust funds in accordance with an agreed medium risk strategy. Risk ￿VIeW The Trustees have considered the risks to which the charity is exposed and have established Systems for miligaling those risks. Trustees minimise investment risks by having regular valuation ￿pOrtS and discussions with their investment advisers. Internal risks are minimised by Pro￿dureS implemented for authorising transactions lo ensure consistent quality of delivery for all operational aspects of the charity. The Trustees review these procedures periodically.

Ramblers Holidays Charitable Trust Trustees. Report for the year ended 31st October 2023 Icontlnuedl Achlevements and performance Financial review The accounts show net incoming reSoUr￿S of £35,80012022.' £64.3371 and a nel loss on funds after loss on investments of £70,327 12022.. net loss of £242.7841. In the current period the charity approved grants of £86,166. Of the grants awarded £22,906 was paid in the period with £19,260 payable in 2023124, £22,000 payable in 2024125 and £22.000 payable in 2025126. Reserves policy The Trust does not have a reseTves policy, although with funds at the year end of £3,505.733 and ongoing commitments restricted lo grants payable in the future, the Trustees feel the charity is in a strong financial position. Golng concern After making appropriate enquilies, the Trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concein basis in preparing the financial stalemenls. Furthei details regarding the adoption of the going concern basis can be found in the ACCO￿n11n9 Policies. Structure, governance. and management Method of appointment or election of Trustees The management of the trust is the responsibility of the Trustees who are nominated and co-opted under the terms of the Tfust Deed. Principal activities The Ramblers Holidays Charitable Trust is a registered charity Ino. 1069835}, regulated by a scheme sealed on 16th June 2005. The scheme replaced the Ramblers Association Trust Deed as the governing document of the trust. The trust holds and applies monies received from Ramblers Holidays Group Lim((ed. The Trustees apply income arising from the investment fund lo meet the trust's objectives, as follow., To promote. encourage and assist in.. The provision and protection of ft)otpaths arbd other ways over which the public have a right of way or access on fool. The protection and enhancement for the benefit of the publi¢ of the beauty of the countyside and other areas which are provided for the benefit of the public by such lawful means as the trustees think fit. including by encouraging the public to provide and preserve public aceess lo18nd on foc•l. The provision ol facilib'es for and the organising of walking and other outdoor recreational a¢tiv¢ties with the object of improving the conditions of life for the persons for whom the facilities are intended, namely the public at large, and in the interests of social welfare. The advancement of the education of the public in subjects relating lo access to, and the preSe￿ation and conservation of, the countryside. and of the health benefits of otsldoor recreational pursufts. iv) The Trustees may further the objects particularly by helping 811 persons to a 9realer knowledge. love and care of the COLtntryside and urban open spaces, and by eneouraging participation in walking.

Ramblers Holidays Chafitable Trust Trustees. Report for the year ended 31st October 2023 Icontinuedl Trustees The Trustees who served in the year were as follows.. Mr J Sissons {appoinled 2810412022)- Chair Mr M Duxbury18ppoinled 2810412022) Mr K Goddard {appoinled 02111120231 Mr P Edgerton lappoinled 2713120231 Dr D M Dwyer (appointed 26110120221 Ms H Cooper (appointed 26110120221 Mrs C Searle (appointed 05107120231 Trustees training and induction New Trustees are met by the Chairman, Secretary and Treasurer of the charity and given a detailed briefing on the background lo the charity. New Trustees are also provided with copies of recent financial stalemenls, a copy of the Charity Trust Deed and a copy of the Charity Commission publications felaling to Trustees, duties and responsibilities. Trustees have access to appropriate training eourses as required. Trust activities during the year 202212023 Ramblers Holidays Charitable Trust exists to support people from all walks of life lo a¢￿$S the outdoors with an emphasis on helping those who might not be able to aC￿SS the outdoors themselves. During 2022-23, trustees madè efftirts to expand the geographic and demographic footprint of the support given with the intention of creating a lasting impact that will encourage greater engagement with the outdoors. A feature of trustees. considerations in 2022123 was to leverage the support we can provide by balancing collaboration with orgar*isations over time with supporting one-off initiatives. Investment advi$er$ The charity has retained the seNices of Rathbone Investment Managemenl Limited. Public benefit The Trustees have had due regard lo guidance published by the Charity Commission on public benefit. The charity's commitment lo public benefit is reflected in the details given of principal acb"vilies. Dlsclosure of information to auditors Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that." so far as that Trustee is aware, there is no relevant audit infOrn￿li0ft of which the charitable company's auditors are unaware, and that Trustee has tsken all the steps that ought lo have been taken as a TNslee in order lo be aware of any relevant audit infomiab.on and to establish that the charitsble company's auditors are aware of that information.

This report was approved by the Trustees on 23 April 2024 and signed on their behalf by.. 'Iff s ISSèLLS Mr Jeff Slssons- Chairman

Ramblers Holidays Charitable Trust Truste¢s' report for the year ended 31st October 2023 (contlnued) statement of trustees, responsibilities The Charity's Trustees are responsible for preparing the Trustees, Anrlual Report and the financial slalemenls in accordance with applscable and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Pracbcel. Company law requires the Charity Tru51ees to prepare financial slatemenls for each year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the charitable Irust for that period. In preparing these financ¢al statements. the Trustees are required lo.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles of the Charities SORP.. make judgements and accounting estimates that are reasonable and prudent., slate whether applicable UK Aecounting Standards have been followed, subject lo any rnaterial departures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charitable trust's transactions and disclose with reasonable accuracy at any lime the financial position of the charitable trust and enable them lo ensure that the financial 5talemen15 comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Ramblers Holidays Charitable Trust Independent Auditorfs Report to the members of Ramblers Holidays Charltable Trust Opinion We have audited the flnancial slatemenls of Ramblers Holidays Charitable Trust for the year ended 3151 Odober 2023 which cornprise the Statement of Financial Aetivities, the Balance Sheet, and notes to the financial statements. including a summary of significant 8ttoynling poliaes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Finanaal Reporting Slandard 102 The Financial Reportffng Sf8ndard appli¢8ble lrt the UK 8nd Republic of I￿land (United Kingdom Generally A￿pIed Accounting Practice). In our opinitsn the finanaal slalement8'. give a Irtje and fair vrew of the state of the charity's affairs as at 31st October 2023. and of ts incoming ￿sourceS and application of re50ur¢es, induding its income and expenditure. for the year then ended., have been properly prepared in aecordance with United Kingdom Generally AC￿pted Accounting Practice,. and have been prepared in accoidance with the iequirements of Ihe Charities Act 2011. Basis for oplnion We conducted our audit In accordance with Intematstsnal Standards on Auditing {UKI {ISAs IUK}l and applicable law. Our responsibilities ¢Ander those standards are further described in ihe Auditor's responsibilities for Ihe audit of the finanaal statements section of our report. We are independent ol the charitable trust in accordance with the ethical iequirements that are rel¢v8nl lo our audit of the financial statements in the UK, induding the FRC's Elhi(xl Standard, and we have fulfilled our other ethical responsibtltiies in accordance with these requiremen15. We believe that the audit evidence we have obtained is sulficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In audrtin9 the financial statements. we have concluded Ihal the Iruslees, use of the golng concem basis of accounting in the preparatson of the financial statements Is appropTh81e. B8sed on the work we have performed, we have ntrt identified any material uncertainlies relating lo events or c¢)nditions that, individually or collectively. may cast signilicant doubt on the charitable company's ability lo continue as 8 gotng ctsn￿rn for a period of 81 least Iwelve months from when the finanaal statements are authorised for issue. Our responsibilities and the responsibilitses of the trustees with respecl to going concem aio described In the relevant seclions of this report. Oth¢r intomiation The Iruslees are iesponsible for the other infomiation. The other information comprises the inforrnation induded in the trustees. annual rewrt, other than the financial statements a￿￿ our audilorfs report the￿0￿. OUT opinion on the finanual slatemenis does not cover Ihe other informal¢on and, except lo the extent otherwise explicitly slated in our report. we do not express any lomi of assurance conclusion thereon. In connection with our audit of the financial s¢atements, our responsibility is to read Ihe othttr infomation and, in doing $0, consider whether the other information is materially inconsistent with the financial Stalemenls. or our knowledge obtained rn the audit or olhemse appears to be materialw misslaled. If we idenlfy such rnaterial Inconsistencies or apparent material misslalernents. we are required lo determine whether there is a material mi$51atement in the finanaal statements or a material mi5Stalemenl of the other infomation. If. based on the work we have performed, we conclvde that there is a material mis5ts1emenl of this other 5nformation, we are required to report that f8d. We have nothing to report in thi5 Tegard. Matters on which we arè requlred to report by ex¢eplion We have nothing to report In respect of the following matters in relatIC￿ to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you il, in our opinion.. the infomiation given in the Trustees, Report 4s inconsistent In any malerial respect with the financial stalemenls.. or adequate accounting fecords have not been kept, or returns adequate for our audit have not been re￿iVed from branches not visited by us.. or the financial statements are not in agreernent wth the ar￿U￿tIng records and returns.. or we have not received all the information and explanations we require for our audrt. Responslbllities of trustees As explained more fully in the Iruslee5' responsibilities statement set out on page 5, thÈ trustees are iesponsible for Iht preparation of the finanryal slalemenls and for being satisfied that they give a true and fair view, and lor $u¢h internal control as the trustees determine is necessary to enable the preparation of financÉal statements that are free trom material misstatement, whether due to fraud or error.

Ramblers Holidays Charltable Trust Independent Auditor's Report to the members of Ramblers Holidays Charitable Trust Icontinuedl In preparing the financial statements. the trustees are responsible for assessing the charitable trust's abilily to Contin￿ as 8 going concein. disclosing. as applicable. matte15 related ttr goin9 concern and using the going concern basis of a¢counting unless the trustees either intend to liquidate the charrtable trust or to cease operations. or have no realistic Iternative bul to do so. Auditor's responsibilitlès for the audit of th• financlal statemants We have been appointed as auditor under Section 144 of the Charilles Act 2011 and report in accordance wth the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from rnalerial misstatetnent, whether due to fiaud or error. and to issue an auditorfs report that irtludes our opinion. Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to Influen￿ the e¢onomic deGi$ions of users taken on the basis of these finanaal statements. A further description of our responsibilities for the audit of the finanaal statements is located on the Financial Reporting Council's website at.. www.frc.org.ukJauditorsresponsibililies. This description fomis part of our audilorfs reF>Ort. Irregularities, includit)g fraud, are instances of non-compliance wilh laws and regulations. We design procedures In line with our responsibilities, outlined above, to delect material misstalemenls in respect of irregularitie5, including fraud. The specific prO￿dureS for this engagement and the exlenl to which these are capable of detecting iriegularities. including fraud is detailed below.. Enquiry of management, those charged with goveman¢tr, around actual and potential litigation and claims; Enquiry of entity staff in tsx and compliance functions to identfy any instances of non-compliance wth laws and regulations.. Reviewng minutes of rneetin9s ofth05e charged with govemance., Reviewng finanual statement disdosures and lesting to sUppO￿ng documentation lo assess ry)mpliance with applicable laws and regulations.. Perfom)ing audit work over the risk of management override of controls, including testing of loum81 Èntries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside Ihe normal course of business and reviewing accounting eslimales for bias. Because of the inherent limilalions of an audit, there is 8 risk that we wll not detect all irregularities. including those leading to a rnaterial rnisstalement in the financial slalements or non-compliance with regulation. This risk increases Ihe more that compliance with a law or regulation is r8moved frorn the event5 and transactions reflecled in the financial statements. as we will be less likely lo become 8warÈ of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo traud r*her than error. as fraud inVo￿eS inlentional concealment, forgery, collusion, omission or misrepresentation. Use of our rèport This rèport is made solely to the Trustees, as a body. in accordance with Part 4 of the Chariti85 (Accounts arnd Reports) Regulations 2008. Our audrt work has been undertaken so that we might state to the Trustees those matters we are required to stale to them in an auditorfs report and for no other puipose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trustees, for our audit work, for this report. or for the opinions we have fomed. Wenn Townsend Chartered Accountsnts and Statuiory Auditors Oxford - 2024 Wenn Townsendis elwible to act as an auditorin tenns of seefion 1212 of rhe CompaniesAct 2006.

Ramblers Holidays Charitable Trust ststÈment of Flnan¢lal Activities Ilncluding income and expenditure account) For the year ended 31st October 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Ineomlng resources Donations Investments 1.075 98.589 1,075 98,589 91,801 Total Income 99,664 99,664 91,801 Expenditure on: Investment management costs Charitable activities and governance costs 13,818 50,046 13.818 50.046 15.135 12.329 Total expenditure 163,864) 163,864) (27.4641 Net incomellexpenditure) before Investment gainsllosses Nel gainsl(losses) on investments 35,800 {106.127) 35,800 1106,1271 64,337 1307,1211 Net Incomel{expenditurel 170.3271 170,3271 1242,7841 Reconciliation of funds: Total fvnds broughl forward 3.576,060 3,576.IKO 3,818,844 Total funds carried forward 3.505,733 3,505,733 3,576.ts0 All the CharFty's operations are classed as continuing. The notes on pages 10 to 15 form part of these financial $tatements

Ramblers Holidays Charitable Trust Balance Sheet At 315t October 2023 Notes 2023 2022 Fixed assets nveslments 3,452.205 3,372.733 Current assets Cash at bank and in hand Debtors 119,864 205,923 1,763 119.864 207.686 Creditors: amounts falling due within one year 122,336) 14.3591 Net current assets 97,528 203.327 Cieditors amounts falllng due after one year 10 144,000) Net assets 3,505,733 3,S76,060 Charlty Funds Unrestricted funds 3,505,733 3,576,060 Total Funds 11 3,505,733 3.576,060 The financial slalements were approved by the TrLEslees on 23 April 2024 and signed on their behalf by.. J Sissons Mr Jeff A Sis$ons- Chairma The notes on pages 10 to 15 form part of these accounts

Ramblers Holidays Charltable Trust Notes to the Financial Statements for the year ended 31st October 2023 Accounting policies {a) Basis of preparation The financial statements have been prepared in accordance with Acwunting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republic ol Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Accounting Practi￿. Ramblers Holidays Ch8ri1able Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are init1311y recognised at historical cost or transaetion value unless otherwise stated in the relevant a¢counling policy. The finanaal statements have been prepared on a going concem basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statements. The budgeted income and expenditure are sufficient wilh the level of reserves for the charity to be able to continue as a going concem. The financial statements are presented in sterling which is the functional cu¥rency of the charity and rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consislenlly applied to all years presented unless otherwise slated. {bl Charltable status The charity is registered with the Charity Commissioners for England and Wales and is governed by a scheme sealed on 16th June 2005. The charity is exempt from in¢ome lax and capital gains tax liabilities bul has borne VAT on ils expenditure where appropriate. {cl Income Income from investments is accounted for on an accrual basi5, Donations are treated as income in the year of receipt. Idl Expenditure Expenditure is accounted for on an accrual basis. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the trust's operations, including support costs and costs relating to the g0Veman￿ of the trust apportioned lo charitable a¢livilies. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject lo conditions which have not been met at the year end are noted as a commitment, bul not accrued as expenditure. 10

Ramblers Holidays CharStable Trust Notes to the Flnancial Statements for the year ended 31st October 2023 onlinued .. A¢¢ountlng policies {continuedl (el Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value al the balance sheet date, unless fair value carinot be measured reliably in which case il is measured at cost less impairment. Investment gains and losses. whether realised or unrealised, are combined and shown in the heading 'gainslllosses} on investments, in the statement of financial acb'vities in¢orporab'ng income and expenditure account. ifj Interest receivable Inte￿st on funds held on deposit is included when receivable and the amount can be measured reliably by the Irusl., this is normally upon notification of the interest paid or payable by the bank. Igl Cash at bank and In hand Cash al bank and in hand includes cash and short term highly liquid investments with a shtsrt mattjrity of three months or less from the dale of acquisition or opening Ot the deposit or similar account. (h} Liabilities and provisions Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in seitlemenl, and the amount of the settlement can be estimated reliabty. Liabilities are recognised al the amount that the trust anticipates it will pay lo sewe the debt or the amount it has received as advanced payments for the goods or Services il must provide. Financial instruments The trust only has financial assets and fir¢ancial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequenlly measured al amort¢'sed cost using the effective method. ') Fund account5ng General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the general objectives to the trust and which have not been designed for other purF)oses. Designated fijnds comprise iJnrestr*cted funds that have been set aside by the Trustees lor particula¥ purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 11

Ramblers Holldays Charltable Trust Notes to the Financial Statements lorthe year ended 31st October 2023 ¢ontinued........ Investment income Unrestricted Funds 2023 ToLIl Funds 2023 Total Funds 2022 Dividends Bank interest 96,961 1,628 96,961 1,628 91,734 67 98,589 98,589 91.801 Analysis of expendlture on charltable actlvltles and governance costs Unrestricted funds 2023 Total funds 2023 Total funds 2022 Granis awarded Trustee meeting costs 2nd expenses Audit and accountancy fees HonoraTium Website development and computer Gosls Legal fees Retirement gift Other costs 2021 grant withdrawn Underspend of prior period gr2nl 86,166 2.202 1.920 86,166 2,202 1.920 5,589 584 2.235 1,500 2,345 2,345 1,598 500 323 781 {1,200} 142,168) 781 11,200} {42,1681 50,046 50,046 12,329 12

Ramblers Holidays Charltable Trust Notes to the Financlal Statements for the year ended 31st October 2023 continued . Analysis of expendlture by expenditure type Other costs Other costs 2023 2022 Expenditure on investment management 13,818 15,135 Costs of raising funds 13,818 15,135 Grants awarded Trustee meebng costs and expenses Audit and 8ceountancy fees Honorarium Website development Legal fees Retirement gifts Other costs 2021 grant withdrawn Underspend ol prior period grant 86.166 2,202 1,920 5.589 584 2,235 1,500 2,345 1,598 500 323 781 {1.2001 {42,1681 Charitable actlvllles 50.046 12,329 63.864 27,464 Net Incomellexpenditurel 2023 2022 Auditor's remuneration 1,920 2,235 During the year. no Trustees received any remuneratior¢12022.' £Nill. During the year, no Trustees re￿iVed any benefits in kind12022'. £Nil}. During the year, Trustees received reimbursement expenses of £843(2022.' £50}. Auditor's remuneration The auditor's remuneration amounts lo an audit fee of £1,92012022.' £2,235). 13

Ramblers Holldays Charitable Trust Notes to the Financial Statements for the year ended 31st October 2023 continued Flxed asset Investments Ll$ted Securities Market value Al 1 st November 2022 Additions Disposals Net unrealised gainslllossesl 3,372,733 2,247.281 12,061.6821 1106,1271 At 31st October 2023 3,452,205 Debtors 2023 2022 Other debtors 1.763 Credltofs: amounts falling due within ong year 2023 2022 Accruals Grants payable within one year 3,076 19,26D 4.359 22,336 4,359 10 Credltors: amounts falling due after one year 2023 2022 Grants payable after one year 44,000 44,000 14

Ramblers Holidays Charitable Trust Note5 to the Financial Statements for the year ended 31st October 2023 continued ..... 11 Statement of funds- ¢urrent year Balance at 1st November 2022 Balance at Gainsl 31st October (Losses) 2023 Income Expenditure Unrestricted funds Unrestricted fvnds- all lunds 3.576,060 99,664 163,864} {106,1271 3,505,733 statement of funds- prior year Balance at 1st November 2021 Balance at Galnsl 31st October (Losses) 2022 Income Expenditur¢ Unrestricted fvnds Unrestricted funds- all funds 3,818.844 91,801 127,464) {307,121} 3,576,060 12 Analysis of net assets between funds- current year Unrestricted Funds 2023 Fixed asset investments Current assets Creditors due within and after one year 3,452.205 119.864 166,3361 3,505.733 Analysls of n¢1 assets between funds- prior year Unrestrieted Funds 2022 Fixed asset investments Current assets Creditors due within and after one year 3,372.733 207,686 {4.3591 3.576,060 13 Related party Rarnblers Holiday Group Limited, a company Ilimited by guarantee) registered in England, has the power lo appoint up to five Tfu5tees of the charity. 15

Ramblers Holidays Charitable Trust Lemsford Mill Lemsford Welwyn Garden City Hertfordshire AL8 7TR

23 April 2024

Wenn Townsend

Chartered Accountants and Registered Auditors 30 St Giles Oxford OX1 3LE

Dear Sirs

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your audit of the charity’s financial statements for the year ended 31st October 2023. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.

General

Internal control and fraud

Assets and liabilities

Accounting estimates

Legal claims

Laws and regulations

Related parties

Subsequent events

Going concern

Grants and donations

The following grants were awarded in the period by the trustees.

Outward Bound Trust 10,088.00
Mark Wood 50,000.00
AGS Foundation 7,000.00
Mind Over Mountains 2,544.00
Crows 459.00
Lake District Federations 5,709.00
KADFA 400.00
Wanlock 2,000.00
Lancashire CPRE 2,000.00
Hacyon Rambling Club 439.00
St Bedes & St Josephs 2,000.00
My Kind of Books 1,660.00
Hunsdon Scout Group 1,867.20
───────
£ 86,166.20
═══════

Non-audit services

Yours faithfully

.............................................................................................................................. Signed on behalf of the board of trustees by J. Sissons Chair

23 April 2024