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** 

- 1 We have fulfilled our responsibilities as trustees as set out in the terms of your engagement letter dated 20th December  2019,  under  the  Charities  Act  2011  for  preparing  financial  statements  in  accordance  with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you. 

- 2 All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. 

- 3 All the accounting records have been made available to you for the purpose of your audit.  We have provided you with unrestricted access to all appropriate persons within the charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission. 

- 4 The financial statements are free of material misstatements, including omissions. 

## **Internal control and fraud** 

- 5 We  acknowledge our responsibility for the design, implementation, and maintenance of internal control systems to prevent and detect fraud and error.  We have disclosed to you the results of our risk assessment that the financial statements may be misstated because of fraud. 

- 6 We  have  disclosed  to  you  all  instances  of  known  or  suspected  fraud  affecting  the  entity  involving management, employees who have a significant role in internal control or others that could have a material effect on the financial statements. 

- 7 We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others. 

## **Assets and liabilities** 

- 8 The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements. 

- 9 All actual liabilities, contingent  liabilities  and guarantees given to third parties have been  recorded  or disclosed as appropriate. 

- 10 We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements. 

## **Accounting estimates** 

- 11 Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. 

## **Legal claims** 

- 12 We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements. 



## **Laws and regulations** 

- 13 We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements. 

## **Related parties** 

- 14 Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements. 

## **Subsequent events** 

- 15 All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. 

## **Going concern** 

- 16 We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs.  We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements. 

## **Grants and donations** 

- 17 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income. 

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** 

- 18 We understand that, under the FRC Ethnical Standard, the provision of audit and non-audit services to us by yourselves gives rise to a potential threat to independence.  We confirm that you have explained to us the threats and that you have relied on the Provisions Available for Audits of Small Entities with regard to the potential self-review threat. We confirm that we have discussed the accounts and agree the figures in the final accounts. 

Yours faithfully 


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

23 April 2024