or trees creating native woodland Annual Report and Accounts 2023-24 Deepblue Accountants Ltd Unit 112 91 Mayflower Street Plymouth Devon PLI ISB
Moor Trees Contents Pages 2tolO Trustees, Annual Report Independent Examine5 Report Statement of Flnanclal Actlvitles li 12 Summary Income and Expenditure Account Balance Sheet 13 14 Notes to the Accounts 15to25 Detalled Statement of Financlal Activitles 26to28
Moor Trees Trustees Annual Report The trustee5, who are also directors of the charity for the purposes of the Companies Act 2006, present their report wlth the unaudlted flnanclal statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DEfAILS Company No. 03716434 Charlty No. 1081142 Registered Office The Old School Centre Totnes Road South Brent Devon TQIO 9BP Directors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: H.M. Aldis J.R. Allen T. Ferry J.P. Green J. Isaac T. Murphy G.P. Sharp S.P. Smith (Resigned 24 September 2023) Company Secretary J.R. Allen Accountants Deepblue Accountants Ltd Unit 112 91 Mayfiower Street Plymouth Devon PLI ISB Page 2
Annual Report and Accounts 2023-24 TRUSTEES, REPORT IINCLUDING DIRECTOR'S REPORT) For the year ended 31 MARCH 2024 The trustees present thelr annual report and financial statements for the year ended 31 March 2024. Objectives and artlvltles The objects of the Charity are to promote the following purposes: The presep4ation and conservation for the public benefit of the environment, and in particular Dartmoorfs wild natural forests; The advancement of education amon8St the public concerning natural history, conseniation and the environment, and in particular the role of the woodland restoration in the stabilisation and regeneration of ecosystems. The trustees are satisfied that the chariV5 actNities as perfomied in 2023-24 have been for the public benefit. Artlvitles. achlevements and performance Health Woodland Creation This year saw the charity continue to work with a range of landowners and partners to support a programme of tree planting and woodland expansion. To underpin our work in this area a new policv Woodlond Creation Principles was developed led by Dr Thomas Murphy. These principles will guide our work and assist us in prioritising way and how we plant healthy woodlands. Utilising the expertise of our Woodland Creation Advisor, Graham Burton, we directly supported five landowners with advice and guidance on the design and planning of their woodland creation scheme. Three of these were supported to access funding from the Plymouth and South Devon Community Forest grant programme. 'i!I'¢. Tree plantln8 at Upcott Gran8e Fami, January 2024 Pa8e 3
Over the winter of 2023-24, with the help of a diverse cohort of volunteers we delivered 331 volunteering days exceeding 1,986 volunteering hours in total. We directly planted over 10,OlXI trees covering 8.6 hectares of land over the duration of 26 planting days. This activity included assistin8 South West Lakes Trust with a natural regeneration project at Venford reservoir and corporate partner Meritex Ltd planting thelr own new woodland. With funding from the National Grid Community Foundation we were also able to SUPPOrt a further eight local groups with trees and protection products for thelr woodland and hedgerow creation activities. Our summertime programme of monitoring continues to sltes we had previously planted including a revisit to the first ever site we planted at Scorriton Down. A survey of landowners was carried out with the aim of assisting us to understand more about the motivations to restore and create woodland and improve our assistance and support for landowners. he planting process with Moor Trees staff ond volunteers wos one of the most positive and inspirational experiences of my life. There hos been o very high survival rate of the trees, ond there hos been o noticeable incre05e in wildlife in the last six years. Our experience and whot we have been able to show people hos inspired neighbouring landowners to plant trees or remove grazin9 and ollow noturol regeneration of woodland and species rich grossland. (landownerj Local rovenance tree su Our UKISG {UK and Ireland Sourced and Grown Assurance Scheme) approved tree nurseries have continued to expand with the support of new infrastructure including a new commercial fridge purchased and erected with the assistance of a range of grants and donations including a capital grant from the Forestry Commission's Tree Production Capital Grant, Steel Charitable Trust and Devon Environment Foundation. During Summer 2023 we had over 64,000 seedlings and saplings growing across our two sites. By the winter of 2023-24 we had over 25,800 local provenance trees from 27 species available for supply. In total we supplied over 16.0(X) trees to 32 customers not including our woodland creation schemes. This included The Duchy of Cornwall, Devon Wildlife Trust (Devon Treescapes) and South West Lakes Trust. The charity signed a new three-year agreement with the Woodland Trust to support our activity in providing local provenance trees for local tree planting schemes. The activity included our annual Seed Gathering Programme which saw us gather and process in our two community tree nurseries over 670,000 seeds, nuts and fruit from Dartmoor and the surrounding area. Included in this partnership is a dedicated stream of activity helping to build our understanding and success rates in germinating and growing the following priority species: guelder rose, small leaved lime, whitebeam, large leaved lime, wayfaring tree, A gt4w ol stsxleots seeds at our Community Tiee Nursery Page 4
wild service tree, wych elm alongside our ongoing black poplar cultlvation. With funding from The D'oyly Carte Trust we also improved our training and identification resources for volunteers. In collaboration with the National Lottery funded project Dynamic Dartmoor, in conjunction with Parklife SW CIC, we provided guidance and shared our knowledge and expertise in the identification, appropriate collecting and recording of seed collecting with local community groups and schools. The seeds gathered were then processed by our team of volunteers at our Community Tree Nurseries. Our experience in expanding and optimising production at our Community Tree Nurseries continues to be called upon by local 8roups requesting visits as well as our ongoing involvement in the Community Tree Nursery Collaborative peer to peer learning network. As part of the governmenvs Tree Productlon Innovation Fund supported projert 'Growing Diversitv we have delivered a webinar on administrative process and commercialisation of tree nurseries as well as a training session on biosecurity. Moor Trees has also been leading a pilot as part of the government funded Trees Outside Woodland programme to test and evaluate the feasibility of offering a group scheme for Community Tree Nurseries to be accredited by the Plant Healthy Certification Scheme. Moor Trees was also featured as a case study in an online appendix to The Tree Growers Guide that we helped co-author as part of previous Green Recovery Challenge Fund activity. Volunteerin with Moor Trees Volunteering at Moor Trees is an opportunity to learn new skills, understand more about forest heritage while helping to improve the environment, SUPPOrt the local community, enhance biodiversity and at the same time improve individuals, mental health and wellbeing. Through our regular, weekly volunteering days the charity benefited from more than 4,260 hours, equivalent to 2.5 full-time members of staff. Ip Page 5
Activities range from collecting seeds from local woodlands and helping to germinate them in our nurseries, through to nurturing and tending more than 70.LKIO saplings in our nurseries before planting on sites across Dartmoor and the surrounding area. "Working with people from mony different walks of life, abilities ond generations (as a young person),. friendly welcoming otm05phere,' feeling like I'm moking o difference. It's o brilliont opportunityfor people like me doing their Duke of Edinburgh" (volunteer) -1 love being port of Moor Trees, I love doing something reolly practicol ond positivefor the environment every week, andfor climate chonge. I love being part of the volunteer team ond spending time with such lovely people, staff and volunteers eoch week, mokingfriends and meeting new people of all ages ond bockgrounds, ond the reolly interesting diverse conversotions we have. There s always a very positive, no worries atmosphere, so I can leave my troubles at home and just be in the moment.- (volunteer) In February and March the Moor Trees community of volunteers and staff past and present came together for two special tree planting days. The first in Memory of our colleague Brian Daniel who passed away in December and the second for our co-founder Christopher Layton. Communications advoca and outreach The charity continues to promote its activities through a twice-yearly membership newsletter and regular e- newsletters. Our social media channels provide an opportunity to promote our regular volunteering days as well a5 educate the wider community about our seasonal tasks of seed gathering, tree growing and planting. This year the charity was featured on local television highlighting our involvement in the restoration of Wistman's Wood with The Duchy of Cornwall. As well as featuring our day of acorn gathering at the temperate rainforest Site of Special Scientific Interest a reporter turned up at our Dartington tree nursery to cover the processing of the acorns to feature on BBC Spotlight. Our work was also covered in the local press including two double-page feature5 in The Moorlander. J• Volunteers carefulty gathering acorns at Wlstman's Wood, October 2023 Our advocacy programme is also expanding. The charity was invited to speak at a dedicated event on temperate rainforests organised by the Dartmoor Society outlining our views for the future restoration and expansion of these valuable habitats. Moor Trees a150 provided evidence to an Independent review of protected site management on Dartmoor commissioned by the Secretary of State for Environment. Food and Rural Affairs. Income eneration This year we carried out an extensive review of our fundraising progress to date which culminated in the development and implementation of a comprehensive new fundraising strategy. The aim is to diversify our income streams and build a more sustainable and resilient pipeline of funding opportunities and regular giving while also expanding our engagement with corporate supporters. Page 6
We are very appreciative of our corporate supporters in 2023-24 who were: Calendar Club, Christopherfs, David & Charles Ltd, Doyle & Whitley Ltd, EAD Ecology, Ecologic Consultant, Gla55 Partitioning, Goulden & Sons, Meritex International, Metric UK Boiler Hire, Partrac, Rabbie's Tours, Raft Lighting, South Hams Motor Club, Treewise Ltd, Vault 53, Wildings Studio and WM Guitars Ltd. The charity continues to offer tree dedications and also successfully ran a crowdfunding campaign with Crowdfunder and the Aviva Community Fund this year linked to our work restoring ancient woodland. Our eo The charity currently has a small, dedicated team of five staff. Salaries are reviewed annually bv trustees as part of budget considerations and approval. All new roles recruited have their salary agreed by the trustees following input from an HR advisor. Trustee selection Trustees are selected following receipt of an appltcation and successful interview. Trustees are elected by secret ballot at a General Meeting by the members. Trustees need to obtain at least 50Y. of the vote. Trustee5 serve until the next Annual General Meeting following their election. Retiring members are eligible for re-election. Lookin ahead to 2024-25 and be ond The business plan 2024-25 highlighted the following priority areas to improve our performance and the impact we make: Tree Production ond Woodlond Creotion Moor Trees will continue its expansion of production to full optimisation at our two Community Tree Nurseries and negotiate multi-year growing and supply contract5 for 5chernes and partners on Dartmoor. We will also be more targeted with our engagement with landowners to Strategically engage in woodland regeneration and creation projects following an exercise of priority mapping of potential sites on Dartmoor. Raising Funds Our new fundraising strategy will be fully implemented with a focus on developing our corporate relationship5, regular giving through and increased profile and brand awareness. Improve our donorjourney by investing in a CRM database ahead of launching a 25 th Anniversary Appeal Increasing awareness of our work A new communications strategy with dedicated resource will help to grow our profile in the local community. Activity will be targeted on landowner and corporate engagement a5 well as encouraging volunteering and regular giving. We will raise awareness of our knowledge and expertise a part of a programme of activity to celebrate 25 years of delivery with a focus on the difference we will deliver for climate and nature by 2050 Improving our volunteering experience A review of our volunteering and engagement activity will aid us in being more inclusive with opportunities to engage with the charity to help increase recruitment and retention of volunteers. Page 7
Governonce ondfuture planning The charity will continue to invest in its systems and processes as well as improving our approach to Health and Safety, data protection, confidentiality, risk management and financial procedures. We will invest in our staff with training opportunities and a new appraisal process. We will carry out an audit of trustee skills and experiences as well as commission light touch review of our governance procedure5. Page 8
TREASURER'S REPORT For the year ended 31 MARCH 2024 This year the charitvs performance demonstrated an improved position both in terms of diversification of our income streams as well as prudence and efficiency savings in our expenditure. Income During 2023-24 the charity generated £310,123 in income of which £37,278 was through restricted funds. Unrestricted funds amounted to £272,845. Investing in a dedicated fundraiser helped the charity to further diversify its income working with a variety of existing and new funders including an increase in corporate supporter5. The charity signed a new three-a8reement with the Woodland Trust to assist with our local provenance tree production. In addition, unrestricted grants were awarded frorn Alpkit Foundation, Garfield Weston Foundation, Norman Family Charitable, Schroder Charitable Trust and Swire Charitable Trust. Restricted 8rants were awarded from National Grid Community Matters. We brought forward £86,610 into the 2023-24 financial year. Ex enditure The charivs expenditure was £ 201,165 (compared to £275,638 in 2022-23). Fund balances As at the year-end, MoorTrees has total funds available of £195,568 of which £178,878 is unrestricted. Reserves The charity's Reserves Policy is to allow for unforeseen circumstances. The trustees do not foresee any risk of significant expenditure being required by the charity outside of its annual business planning and budgeting. Any such costs will be prepared for, and funding sought in a timely manner. The intention of this policy is to retain sufficient reserves in the event that the charity should face serious operating challenge or dramatic shift in its funding. While the aim of the charity's trustees is to utilise funds on the advancement of its charitable aims it will require a certain level of annual reserves for the following eventuality: l. Contingency- unexpected expenditure in the event of an emergency 2. Coshflow-value of the annual budget's monthly payroll 3. Closure- calculated for remaining salaries of staff for notice period and winding up the charity and ensuring the payment of creditors These principles are utilised to allow MoorTrees to calculate a reserves figure that satisfies the Charity Commission's suggested aims and the charivs desired aims. The reserves level for 2024 has been calculated at £38,988. Risk miti ation and mana ement The trustees meet regularly and review risks throughout the operating year. The charivs principal risks include its financial sustainabillty and resilience, pest management and biosecurity at the tree nurseries, extreme weather events, volunteer recruitment and retention, safeguarding, health and safety especially at our tree nurseries and tree planting operations. A new risk management framework and risk register is being developed in 2024. Page 9
Moor Trees Trustees Annual Report The Trustees are responsible for keeping proper accounting records that disc105e with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial Statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provi5ion5 applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board J. Isaac Trustee 29 September 2024 Page 10
Moor Trees Independent Examiners Report Independent Examlner's Report to the trustees ol Moor Trees I report to the charity trustees on my examination of the financial statements of Moor Trees for the year ended 31 March 2024. Responslbllities and basls of report As the charity's trustees of the company land also its directors for the purposes of company law} you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under Section 145 of the Charities Act 20111'the 2011 Act,). In carryin8 Out my examination I have followed the Directions given by the Charity Commission under section 145{51 Ib) of the 2011 Act. Independent examiner's statement As the charity's gross income exceeded £250,0(X) your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in accordance with section 386 of the 2006 Act . or the financial statements do not accord with those record5: or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination," or the financial statement5 have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Sarah Glenister FCCA Association of Chartered Certified Accountants Deepblue Accountants Ltd Unit 112 91 Maynower Street Plymouth Devon PLI ISB 29 September 2024 Page 11
Moor Trees Statement of Financlal Actlvities for the year ended 31 March 2024 Unrestricted funds 2024 Restricted funds Totsl funds Total funds 2024 2024 2023 Notes Income and endowments from: Charitable activities Other 109,105 163.740 37,278 146,383 163,740 185,463 111,648 Total 272,845 37,278 310,123 297,111 Expenditure on: Charitable activities Other 41,412 141,316 5,437 13,( 46,849 154,316 89,209 186,429 Total 182,728 18,437 201,165 275,638 Net gains on investments Net income 90,117 18,841 108,958 21,473 Transfers between funds 190,910 (190,910} Net income before other gains/(losses) 1172,069) 108,958 21,473 281,027 Other gains and losses Net movement in funds 281,027 (172,069) 108,958 21,473 Reconciliation of funds: Total funds brought forward (102,149) 188,759 86,610 65,137 Total funds carried forward 178,878 16,690 195,568 86,610 Page 12
Moor Trees Summary Income and Expenditure Account for the year ended 31 March 2024 2024 2023 Income 310.123 297,111 Gross income for the year Expenditure 310,123 297,111 194,464 268,183 Oepreciation and charges for impairment of fixed assets 6,701 7,455 Total expendlture for the year Net income before tax for the year 201,165 275,638 108,958 21,473 Net Income forthe year 108,958 21,473 Page 13
Moor Trees Balance Sheet at 31 March 2024 Company No. 03716434 Notes 2024 2023 Fixed assets Tangible assets 10 20,238 20,238 26,290 26,290 Current assets Stocks Debtors Cash at bank and in hand li 14,700 74,640 107,199 196,539 (21,2091 175,330 5,688 26,102 68,298 100,088 (39,7681 60,320 12 Credltors: Amount falling due within one year Net current assets 13 Total assets less current Ilabilitles 195,568 86,610 Net assets excludlng penslon asset or liablllty 195,568 86,610 Total net assets 195,568 86,610 The funds of the charity Restrlcted funds Restritted income funds 14 16,690 16,690 188,759 188,759 Unrestrirted funds General funds Designated funds 14 97,544 81,334 (151,191) 49,042 178,878 {102,1491 Total funds 195,568 86,610 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2024 the company wa5 entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 29 September 2024 And signed on its behalf by: J. Isaac Trustee Jr 29 September 2024 Page 14
Moor Trees Notes to the Accounts for the year ended 31 March 2024 l Accountlng pollcles Basls of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective I January 2015} - {Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the CompanSes Act 2006. Change In basls of accountlng or to prevlous accounts There has been no change to the accounting policies {valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountlng Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities {SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the incorne and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated service5 These are only included in income {with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable. measurable and material. Volunteer help The value of any volunteer help received is not Included in the accounts. Investment income This is included in the accounts when receivable. Gains/{losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. a55et5 Gains/{losses) on investment assets This includes any gain or loss on the sale of investments. Page 15
Moor Trees Notes to the Accounts Expendlture Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and Is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs assoclated with attracting voluntary incorne, fundraising raising funds trading costs and investment management COSt5. Expenditure on These comprise the costs Incurred by the Charity in the delivery of its activities and charitable activltles service5 in the furtherance of its objects, including the making of grant5 and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those cost5 associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. Grants payable Governance costs Taxation The charity is exempt from corporation tax on its charitable activitie5. Tangible fixed assets and depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Nursery/ Planting equipment 20-25% reducing balance Motor vehicle 33% reducing balance Office equipment 25% reducing balance Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 16
Moor Trees Notes to the Accounts Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits With banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other credltors Short term creditor5 are measured at the transaclion price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencles Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance lease5 are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expense5 and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expense5 are Tecognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payment5 are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is iecognised as a reduction of rental expense on a straight-line basis. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised a5 expense5 when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Page 17
Moor Trees Notes to the Accounts Recelpt of donated goods, facllitles and servlces All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. Each member 8ives a 8uarantee to contribute a sum not exceedin8 £1.00, to the company should it be wound up. As at 31 March 2023 therefore were 7 members. 3 Statement of Flnanclal Artlvlties - prlor year Unrestrlcted funds Restrlcted funds Totsl funds 2023 2023 2023 Income and endowments from: Charitable activities Other 34,465 111,648 150,998 18S,463 111,648 Total 146,113 150,998 297,111 Expenditure on: Charitable activities 19,562 186,429 69,647 89,209 186,429 Other Total 205,991 69,647 275,638 Net Income (59,878) 81,3SI 21,473 Net Income before other galns/(losses) Other galns and losses: Net movement In funds (59,878) 81,351 21,473 159,878) 81,351 21,473 Reconclllatlon of funds: Total funds brought forward Totsl fvnds carrled forward 142,272) 1102,150) 107,408 65,136 188,759 86,609 Page 18
Moor Trees Notes to the Accounts 4 Income from charitable actlvltles Unrestrlcted Restrlcted Total Total 2024 2023 Woodland Trust 7,588 7,588 62,957 68,041 1,5CX) GRCF Grant Groundwork UK Devon Environment Foundation 20,(KM) The Neighbourly Foundation Community Fund - National The Big Give Grant CLA Charitable Trust 800 iO,CKK) 5,165 3,0(Y) 4,0 10,000 Evolving Forests Ltd Forestry Commission - Tree The D'oyly Carte Charitable Trust 16,690 16.690 3,0(Kl 3,000 National Grid- Community Matter5 10,ocK) 10,000 Steel Charitable Trust 22,105 22,105 4,000 2,500 30,OCK) 50,CK)O 500 Schroder Charity Trust The Norman Charitable Trust 2,5 30,OCX) 50,000 500 Swire Charitable Trust GarField Weston Foundation Alpkit Foundation 109,105 37,278 146,383 185,463 5 Other income Unrestricted Totsl Total 2024 2023 Other 402 402 1,527 2,289 17,096 3,050 40,085 20,886 Membership Fees & Gift Aid Corporate Membership Fees Tree Dedication 1,504 35,910 2.893 26,890 7,063 209 1,504 35,910 2,893 26,890 7,063 209 Donations Carbon Mitigation Interest Woodland Creation Consultancy & Professional Fees 50,477 50,477 24,525 38,392 38,392 2,190 163,740 163,740 111,648 Page 19
Moor Trees Notes to the Accounts 6 Expendlture on charltable artlvltles Unrestrlcted Restrlcted Total Total 2024 2023 Expenditure on choritoble ottivities Consumable Materials Tools and Equipment Subcontractors 1,333 2,359 16,951 20,769 41,412 3,843 1,594 5,176 3,953 16,951 20,769 46,849 51,310 24,659 13,240 Fundraising Activitie5 5,437 89,209 7 Other expenditure Unrestrlrted Restrirted Total Total 2024 2023 Ernployee costs Motor and travel costs 100,510 8,462 13,OQKI 113,510 8,462 3,009 134,963 10,584 3,090 Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 6,701 6,701 7,455 11,778 11,778 10,856 154,316 24,633 5,703 186,428 10,856 141,316 13,000 8 Net income before transfers 2024 2023 This is stated after charging: Depreciation of owned fixed assets 9 staff costs 6,701 7,455 2024 2023 Salaries and wages Social security costs Pension costs 101,546 5,859 1,841 109,246 119,314 6,012 2,207 127,533 No employee received emoluments in excess of £60,000. The average monthly number of full time equivalent employees during the year was as follows: 2024 Number 2023 Number Permanent employees Page 20
MoorTrees Notes to the Accounts 10 Tan8lble flxed assets Nursery/ Plantlng equlpment Motor vehlcle Office equlpment Total Cost or revaluatlon At l April 2023 Additions Disposals At 31 March 2024 Depreclatlon and Impalrnient At l April 2023 Depreciation charge for the year Oisposals At 31 March 2024 40,532 649 18,968 6,562 66,062 649 (4,800) 61,911 (4,800) 14,168 41,181 6,562 16,560 18,820 4,392 39,772 50 543 6,108 6,701 (4,800) 14,070 {4,8001 41,673 22,668 4,935 Net book values At 31 March 2024 At 31 March 2023 11 Stocks 18,513 23,972 98 148 1,627 2,170 20,238 26,290 2024 2023 Finished goods 14,700 14,7 5,688 5,688 Carrylng value analysed by artlvlties 2024 2023 Trees, stakes etc 14,700 14,7(Kl 5,688 5,688 12 Debtors 2024 2023 Trade debtors Other debtors Prepayments and accrued income 73,105 49 15,813 49 1,486 74,640 10,240 26,102 Page 21
Moor Trees Notss to the Accounts 13 Credltors: amounts falling due within one year 2024 2023 Trade credltors Other taxes and soclal security Other creditors Accruals Deferred Income 12,808 4,491 1.483 2,427 8,304 4,2S8 1,337 764 25,105 39,768 21,209 Paff 22
Moor Trees Notes to the Accounts 14 Movement In funds Incomlng resources At31 Resources expended Gross transfers (includlng At l Aprll other 2023 galns/losses) March 2024 Restrlrted funds: Restrfrted Income funds: Woodland Trust Finnis Scott Foundation The D'oyle Carte Charitable Trust National Grid - Community Matters The Norman Charitable Trust Postcode Local Trust Garfield Weston Foundation Devon Community Foundation GRCF 112,995 5.OtK) 7,588 (7,588) (112,995) {5,CX)O) (3,000) (3,lJX)) 10,(xx) {io,o(J)) {I,CK)01 120,0001 1587) 20,000 587 2.OLX) 24.177 {2,000) {26,328) 2,151 Devon Environment Foundation Forestry Commission, England Total 20,0(X) (20,000) 16,690 37.278 16,690 16,690 188,759 118,437) 1190,910) Unrestrirted funds: General funds 1151,1911 192,845 {181,395) 237,285 97,544 Designated funds: Legacy Leslie Smith Foundation Mr & Mrs Darlington Trust Groundwork UK The Neighbourly Foundation Community Fund- National The Big Give Grant CLA Charitable Trust Evolving Forests Ltd Forestry Commission - Tree Production Capital Grant Garfield Weston Foundation Swire Charitable Trust 10,595 (10,595) (5,000) 1,018 11,500) (800) (10,000) 15,165) (3,000) (1,333) {1,018) 1,500 800 10,0 5,165 3,0(X) {1,333) 1,334 lo.0 {10,000} 50,( 30,(K)O 50,000 30,000 Total 49.042 (1,3331 (46,375) 81,334 Totsl funds 86,610 310,123 1201,165) 195,568 Page 23
MoorTrees Notes to the Accounts Purposes and restrictlons in relation to the funds: Restricted funds: Woodland Trust Finnis Scott Foundation The D'oyle Carte Charitable Trust National Grid - Community Matters The Norman Charitable Trust Postcode Local Trust Garfield Weston Foundatlon Devon Community Foundation GRCF Devon Environment Foundation Forestry Commission. England Designated funds: Legacy Leslie Smith Foundation Mr & Mrs Darlington Trust Groundwork UK The Neighbourly Foundation Community Fund - National The Big Give Grant CLA Charitable Trust Evolving Forests Ltd Forestry Comrnission - Tree Production Capital Grant Production Capital Grant IS Analysls of net assets between funds Unrestricted Restrirted funds Total funds Fixed assets Net current assets 17,899 175,317 193,216 2,341 io 20,240 175,327 195,567 2,351 Page 24
Moor Trees Notes to the Accounts 16 Reconciliation of net assets At31 March At l April 2023 Cash flows 2024 Cash and cash equivalents 68,298 68,298 38,901 38,901 107,199 107,199 Net assets 68,298 38,901 107,199 17 Commitments Operatlng leose commitments Annual commitments under non-cancellable operating leases are as follows: 2024 2024 2023 2023 Land and buildings Land and buildings Other Other Operating leases with expiry date: Pension commitments 2024 2023 The pension cost charge to the company amounted to: 1,841 2,207 18 Related party disclosures Controlling party There is no controlling party. Page 25
Moor Trees Detslled Statement of Flnanclal Actlvltles for the year ended 31 March 2024 Unrestrlcted funds Restrlcted funds Totsl funds Total funds 2024 2024 2023 2024 Incorne and endowments from: Charitable activities Woodland Trust GRCF Grant Groundwork UK Devon Environment Foundation The Neighbourly Foundation Community Fund - National The Big Give Grant CL4 Charitable Trust Evolving Forests Ltd Forestry Commission - Tree The D'oyly Carte Charitable Trust National Grid - Community Matters 7,588 7,588 62,957 68,041 1,5C 20,(XX) 800 io,o(N) 5,165 3,0} 4,000 iO,OCK) 16,690 3,OCK) 16,690 3,000 10,000 10,tM)O Steel Charitable Trust Schroder Charity Trust The Norman Charitable Trust Swire Charitable Trust Garfield Weston Foundation Alpkit Foundation 22,105 22,105 2,500 30,L 50,CKJO 500 2,500 30,000 50,000 500 146,383 109,105 37,278 185,463 Other Other Membership Fees & Gift Aid Corporate Membership Fees Tree Dedication 402 402 1,504 35,910 2,893 26,890 7,063 209 1,527 2,289 17,096 3,050 40,085 20,886 1,504 35,910 2,893 26,890 7.063 209 Donations Carbon Mitigation Interest Woodland Creation Consultancy & Professional Fees 50,477 38,392 163,740 50,477 38,392 163,740 24,525 2,190 111,648 Total income and endowments 272,845 37,278 310,123 297,111 Expendlture on: Charitable activities Consumable Materials Tools and Equipment Subcontractors 1,333 2,359 16,951 20,769 3,843 1,594 5,176 3,953 16,951 20,769 51,310 24,659 13,240 Fundraising Activities Page 26
Moor Trees Detalled Statement of Flnandal Actlvltles 41.412 5,437 46,849 89,209 Total of expendlture on charftable artlvltles 41,412 5,437 46,849 89,209 Employee costs Salarieslwages Employer's NIC Pension costs Staff recruitment Staff training Staff protective clothin8 Temporary staff 88,546 5,859 1,841 685 13,0(K) 101,S46 5,859 1,841 685 119,314 6,012 2,207 2,779 305 1,032 209 2,338 100,510 1,032 209 344 2,338 113,510 4,002 134,963 13,CM)O Motor and travel costs Vehicles- General costs Vehicles- Leasing and hire costs Vehicles- Fuel Travel and telephone 482 482 2,066 483 483 1,966 5,531 8,462 1,966 5,531 8,462 2,809 5,710 10,585 Premises costs Rent Rates 3,1)09 3,009 3,169 (791 3,090 3,009 3,009 General administrative costs, including depreciation and amortisation Depreciation of Nursery/ Planting equipment Depreciation of Motor vehicle Depreciation of Office equipment Bank charges Equipment repairs and maintenance General insurance5 Advertising and Promotion Software, IT 5UPPOrt and related costs 6,108 6,108 6,657 50 50 74 543 142 543 724 142 323 306 306 2.071 2,472 2,071 2,472 1,854 8,259 3.583 3,583 4,161 Printing, Postage and Stationery Memberships and subscription5 fees Consumables and refreshments 1,708 1,708 8,313 276 276 41 1,220 18,479 1,220 18,479 1,682 32,088 Legal and professional costs Accountancy and bookkeeping Other legal and professional costs 3.708 3,708 2,801 7,148 7,148 2,902 10,856 10,856 5,703 Page 27
Moor Trees Detalled Statement of Flnanclal Artlvltles Total of expendlture of other costs Totsl expendlture Net 8alns on investments 141,316 13,000 154,316 186,429 182,728 18,437 201,165 275,638 Net Incoffle 90,117 18,841 108,958 21,473 Transfers between funds 190,910 (190,910) Net Income before other galnsl{losses) Other Gains 281,027 {172,069) 108,958 21,473 Net movement In funds 281,027 (172,0691 108,958 21,473 Reconclllatlon of funds: Total funds brought forward (102,149) 188,759 86,610 65,137 Total funds carrled forward 178,878 16,690 195,568 86,610 Page 28