Charlty roglstratlon number 1084259
Company reglstration number 040930881England and Walos)
WYCHWOOD FOREST TRUST LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

WYCHWOOD FOREST TRUST LTD
LEGALAND ADMINISTRATIVE INFORMATION
Truste•8
Mr H Astor
Mr H Sl John
Ms L Stavè18y
Mr R Crocker
Mr R Newman
Mr R Wamer
Mr I Wilkinson
Mr D Astor
Ms S Davles
Charlty numbor
1084259
Company numb•r
04093088
Roglsterod offlce
WODC Woodgreen
New Yatt Road
Witney
Oxfordshire
OX28 1NB
Indepondènt •xamln•r
Chapman Worth Llmited
2 The Old Estate Yard
High Street
East Hendred
Wantage
OxfordshSre
OX12 8JY

WYCHWOOD FOREST TRUST LTD
CONTENTS
Pago
Truste8s' report
Independent examine￿8 report
Statement of financlal adlvities
Balance sheet
Notes to the financlal statements
8-18

WYCHWOOD FOREST TRUST LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Truste8s present thelr report and financlal statements for the year ended 31 March 2024.
The accounts have been prepared in accordance with th8 accounting pollcies set out in note 1 to the accounts
and comply with the Charitys govèmlng document. the Companies Act 2006 and °Accounting and Reporting by
Charities: Statement of Recommended Practlcè applicable to Charities preparing their accounts in accordancè
with th8 FlnancSal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° {as amended for
accounting periods commencing from 1 January 2016).
ObJectlv•s and aetlvltles
The Charivs objects are to advance the education of the public In th8 hlstory. ecology, management and
economy of woodlands, tr888 and othèr wildlife habltats and their place in thè characteristic landscapes of the
fotyknone parishes currently within the District of W8St Oxfordshir8 all of which are wholly or partly within the area
of the fomer Noman royal hunting Forest of Wychwood and such other areas as the Charity may from time to
tlme decide. and lo conserve, restorè, re-8Stablish and promole the management and use of tr88s. woodlands,
other wildlife habitats and characleristic landscap8s for the benefit and wherever 8ppropriate wlth the
participalion of thè public and thereby to enhance the natural beauty, am8nltle$ and rural economy of the
countryside of the parishes and of Wesl Oxfordshir8 and such other areas as the Charity may from time to time
declde.
The Trustees have pald due regard to guidan¢p issued by the Charity Commlsslon in declding what activilles the
Charfty should undertake.
The strategios adopted In furthèrance of these objects are:
1 Consetv8 and rèstore natural landscapes and wildllfe habitats.
manage our reserves to an exemplary level to Improv8 wlldlif8 habitats
directly, through partnérships or via influence or advice, plant and manage trèès to C￿819 morè
wildlife habitat and conn8clivlty wlth oth8r habitats
deliver landscape scale conseryalion proj8Cts to bring mor8 land into better conservallon status
support our conservation groups (currently Bird Aid, Hedgelaying, Barn Owl, Flora, Drystonè
Walling)
2. Impart natural landscapes and wildlife habitats learnSng. We wlll:
Increase awareness and understanding of the Wychwood Forest's natural ènvironment
build knowledge and skills that support restoration and conservation
3. Engagè individuals and organisalions in conservation support and aotion. We will..
collaborate in funding and dellvery partnershlps
offer a variety of volunteering opportunities
promote membership of th8 Wychwood Forest Trust
omrnunicate with individuals, communlties and organisations
4. Govern and run an effectlve financially viable organisation that adheres to its missSon and valu8s. We wlll:
ensure we hav8 th8 necessary policies and processes in place. keeping abreast of current leglslation
and best practice
support our tTUStees, staff and volunteers with Iraining and equipment needed to perfonn their role
maintain and develop income streams and manage our finances prudently

WYCHWOOD FOREST TRUST LTD
TRUSTEES. REPORT (CONTINUED>(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and p•rfomianc•
During the year the Charity continued lo forge ahead with a broad range of actlvlti8s, guided by the key themes
of our current Stratègic Plan. Our ¢haritable activities are designed lo hav8 cross-cutting effects with these
themes to maximise the impact of our resourc8s and some key activitles are oullined here.
Con$oNatlon and Rostoratlon
Th8 Chartty contlnued to maintain its freehold ownership of the nature r8s8rvès at Foxburrow Wood, Grimes
Meadow. Singe Wood and Gibbets Close Hill. We also continued our management or lease agreements for
Wigwell in Charlbury and Dean Common near Chadlington. Manag8m8nt of these reserves to maintain and
enhance their value for people and wildlife was the focus of our site-based conservation a¢tivlty during the year.
Work commenced on the restoration of the 20 ha Gibbets Close Hill slt8 on the outskirts of Witney, refining plans
to allow natural succèsslon to play a signific8nt role. In collaboration with Oxford Unlversity, w8 b8gan to record
dats from a series of long-tenn èxperiments lo monltor the effécts of allowing woodland habitat to re-establish
largély through ecologlcal succession and natural processes. Although 8ssenllally a minimal Interventlon 'wSlding'
approach, the dècislon was taken to disrupt the historic agricultural drainage of the land that conveys rainwater
away from the land. In partnership with Freshwat8r Habitats Trust, we devised a project lo create nine discrete
wetlands by uncovering and blocking the field draln system. The interv8ntlon wlll re-establlsh more natural
drainage pattems and retum standlng water to Ihe land.
At Wigwell nature reserve in Charlbury we continued to work with the Friends of Wigwell volunt88r group and
wider group of stak8holders to furth8r implemènt plans for crealing a wllder and more diverse habitat mosaic
across the reserve, whilst continuing to malntaln the existing valuable ecological features such as the Ilmeslone
grassland Local Wildlife Sila. Importanl Scrub species such as blackthom. havthorn and dog rose have been
allowed to encroach from hedgerows and field margins, and collectively are now providing a signrfio8nt nectsr
source when in flower. The abundance of patchy regeneratlng scrub Ss also of grèat value as the food plants of
Several rare buttertly sp8cl8s in the lO￿lIty. This year our efforts were rewarded by the first record of the black
hairstreak, a blackthom 8peciallst known from only a few dozen sites in central England.
Slnge Wood in Halley has been selectèd as 8 survey site for a new national project initiated by the Bat
Conservation Trust lo understand more about Iwo of the UK'S rar8st bats. Both the barbastelle and B8chsl8in's
bat rèly on old, often ancient, humid woodlands of the kind now so infrequent in th8 modern landscape. Even for
bats, both species live secretlve lives up amongst woodland canopies and so their natural hislories are still little
understood. Singe Wood provides the right type of habitat in the right typ8 of landscap8, so hopefijlly can
contribute to our understanding of these mysterious animals if present.
Beyond our own nature reserves, we have worked on or given conservation advice to many individuals or
organisations, Including community woodland groups, private estates and parish councils. We have also
prioritised partnership working to achieve mutual benefit.
Loamlng & Voluntoorlng
Our learning and volunteering activities throughout the year were focussed around our range of work parties,
outreach events and school visits. Throughout the year we have used our conservation volunteers across all of
our own sites, and have run work parties at Carterton Country Park in collaboratlon wlth Wést Oxfordshire DistrSct
Council. W8 have h8ld a program of walling and hedge laying skills courses and another of guided walks and
training sessions covering wlnter tree identification, reptile natural history and landscape ecology amongst
others. We have continued to build stronger, deeper links with local Scout. Brownie and Bèavef groups and
visited numerous local primary schools to talk about nature and WFT.
with generous grant support from FCC Communities Foundation, we began work on planning and constructing
an outdoor learning area at Foxburrow Wood. When completed the enclosed area will have shelters, composting
toilets and other rustic furniture and be shared wilh other local envlronmental and outdoor education groups.

WYCHWOOD FOREST TRUST LTD
TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Partn•rshlp and Partlclpatlon
The Dry Stone Walllng Group contlnued to thriv8 and its member's skills were still very much in d8mand. Having
compleled a major project at Cogges Manor Fami, our 8xpert walling team began the brand new entrance wall at
FOxbu￿0W Wood. This has been a very significant job, but as it has taken shape has developed into an amazing
new entrance to the reserve and a b8autiful piece of ￿aftSmanship. Our dry slone walls are a proud heritage
feature of the Wychwood area and the wider Cotswolds in their own rlght. but they also provide important
habilals for a wide range of plants and animals.
The hedge laying group continued to work on a similarly larg8 job of laylng more Ihan 1 km of young hedge along
Jubi188 Way in Witney to thè north of Glbbets Close Hill. Undertaken in partnership with Wèst Oxfordshire District
Council, the work has attracted much posStlV8 attention locally as St has been gradually laid.
The Flora Group monllorèd seven rare species across more than 20 dlfferenl sltes. Th8 Wychwood remains a
last stronghold in our region for a number of sp8¢les that have become very rare in the modem landscape, such
as m8adow clary, red hemp-nettle, and yellow slar-of-Bethlehem. The group monltor trends in th8s8 speclal
rarities over the years. They also make recommendations and lake management actions to ensure the ￿ntInued
survival and where possible, local expansion, of thése sp8ci8s at their remaining known locations.
Flnanclal rovlew
It is the policy of the Charlty that unr8strlct8d funds whlch have not been deslgnated for a spoclfic use should be
main18ined at a level equivalent to meet atleast slx months, 8xpenditurg. The Trustees consider Ihat reserves at
thls18V81 will 8nsur8 that, in the èvent of a significant drop Sn funding, they will be able lo contSnu8 the Charlty's
currenl activities while conslderation Is given to ways In whlch addltional funds may be raised. Th58 level of
reserves has been maintained throughout the year.
The Charity has a reserves policy thal also 8ncompass8s contingency funds agalnst losses In Institutional
funding and a development fund for investrnent In new projocts.
The Trustees identify and periodically revlew thè major rlsks to which the Charity is exposed and ensure that
systems are in place lo mitigate these risks. Those risks includè financial, environmental, compliance and
OP8rational areas. In order that the risks to which we are exposed are minlmSsed we ensure that W8 have
adequate insurance in place, maintain and monitor our reserves policy, rnonitor our financial activities against an
approved budget and strategic plan, seek lo widen the range of fund-raising activlties, pay particular attentlon to
publicity and keeping our members informed about our activities, ensure a close working relationship b&￿een
the Trustees and the Wychwood Forest Trust partners and und8rstand and comply with company and charity law
and wulation.
Structure, govornanco and managoment
Wychwood Forest Trust Ltd - the Charity - is a company Ilmited by guaranteè. govemed by a Memorandum and
Articles ofAssociatlon, whlch are dated 22nd May 2012.
The Trustees meet as a Board every three months to Oversee the activltl8s of the Charity to ensure its objèctives
are being achieved. Certain r8sponsibilitl8s of the Board have been delegaled to various sub-committees that
additionally meet as required.
The Chief Executive, Neil Clennell, has delegated authority to manage the Charity's day to day affairs, in line wilh
the Charity's objectives. The Trustees rernain responsible for the strategy and policies of the Charity. The
Trustees have been elected for th8ir experience and knowledge of various aspects of an environmental charity's
affairs. The administrative and financial housekeeping of the Charlty are covered by the Finance Manager.
The Chief Executive contlnues to develop and implement fund raising activities to complement the grants that we
receive from our local authority partners and generate from our operational activities. The Charity would like to
offer its thanks for thè continued support of Oxfordshire County Council and Wesl Oxfordshire District Council.
The TTUStees. who are also the directors for the purpose of company law, and vtho served during the year and up
to the date of signature of the financial statements were..
Mr H Astor
Mr H St John

WYCHWOOD FOREST TRUST LTD
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Ms L Slaveley
Mr R Crocker
Mr R Newman
Mr R Warner
Mr I Wilkinson
Mr D Astor
Ms S Davie8
None of the Twstee8 has any beneficial Interest in the Company. AH of the Trustees are member8 of the
Company and guarantee to contdbute £1 In the evenl of a wlndlng up.
The Tru8teeJ are required to prepare financlal statements for each ffinanclal year, whkh glve a true and falr vlew
of the slate of affairs of the Charity and the incoming re80urces and applicatton of r880urc8s, induding the net
income or expondlture for the yeai. In preparing th05@ financial Blalernents, the Trustees are required to..
8ele¢t Suitable accounting pollcle8 and apply them con8iStently.'
make judgements and estimates that are reasonable and prudent.,
stste wh8th8r applicable accountlng standards have been followed, $ubJ8ct to any material departUrn8
dlsclosed and explained Sn the financial 8tatement8-
prepare financial statements on the going concern ba$13 unless it is inapproprlate to presume that the
Company will continue in business.
The Trustees are responslble for keeplng proper accounting r8cords whlch disclose wlth reasonable accurafw 8t
any tlme the finanrial position of the Charty and which enable them lo ensure that the financial slatements
comply wlth the Companies Act 2006. They are also respon$lble for taklng reasonabl8 steps for the preventlon
and detection of fraud and other Irregularitl•8.
TheT
ees, f
port was approved by the Board of Trustee8.
Mr D A•tor
Trustee

WYCHWOOD FOREST TRUST LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WYCHWOOD FOREST TRUST LTD
I report to the Truste8s on my Èxamination of the financial stat8m8nts of Wychwood For8st Trust Ltd {the
Charity) for the year ended 31 March 2024.
Rasponslbllltl•s and basls of report
As the Trustees of the Charity land also its directors for the purposes of company law) you are responsibl8 for
the preparalion of the financial slat8ments in accordance with the requirements of the Companies Act 2006
Ith8 2006 Act).
Havirsg satisfied myself that the financial statements of the Charity are not required to be audited und8r Part 16
of thè 2006 Act and are eligible for independent examination, I report In respect of my examination of the
Charity's financlal stat8m8nts ¢arried out under section 145 of the Charities Act 2011 {th6 2011 Act}. In carying
out my examination I have followed all the applicable Dlrection5 given by the Charity Commission under
section 145{5){bl of the 2011 Acl.
Indepondont oxamlnofs 8lat•m•nt
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examlnation giving me cause to believe that in any matenal r8spect'.
accounting records wer8 not kept in respect of the Charity as requlred by section 386 of th8 2006 Act,, or
the financial statements do not accord wlth those records,, or
the financial stalements do not comply with the accounting requirements of section 396 of the 2006 Act
othèr than any requirement that the accounts give a true and fair view whi¢h 15 not a matter considered as
part of an independent examination; or
the financial statements have not been prepar8d in accordance wlth the methods and principles of the
Statement of Recommended Practice for accounting and r8POrting by charities applicable to ch8Ttti88
preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and
Republlc of Ireland IFRS 1021.
I have no concems and have come across no other matters In connection wlth the 8xamlnation to which
attentlon should be drawn in this report in order lo enabl8 a proper understanding of the financial slatements lo
be reached.
Anna Chapman F
Chapman Worth Limited
2 The Old Estatè Yard
High Street
East Hendred
Wantage
Oxfordshlre
OX12 8JY
46/1112dLI

WYCHWOOD FOREST TRUST LTD
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlctèd Dèslgnated Restrictod
fund8
funds
fund8
Total
2024
Total
2023
Notès
Incomè fr
Donatlons
Charitable activiti8s
Event income
Investments
oth8r Income
58,453
58,453
12,250
15,672
723
500
491.280
10,000
19,206
541
12,250
12,931
2,741
723
500
Total Income
62,417
25.181
87.598
521.027
ondlture on:
Raising funds
Fundraising and publicity
315
2.000
2,315
315
Charltsble a¢tSvities
91,134
31.165
6,180
128,479
118,037
Totsl resourcos expended
91,449
33,165
6,180
130,794
118,352
Not loutgolng)Ilncomlng
r•sourcos bofora transfers
{29,032)
17,984)
(6,180)
(43,196)
402,675
Gross transfèrs bétween funds
{19,794)
19,794
Not1oxpondlture)Ilncome for the y•arl
Ngt movement In funds
{48.826}
11,810
(6,1801
(43,196)
402,675
Fund balances al 1 Aprll 2023
136,598
95,179
770,346
1,002,123
599,448
Fund balancos at 31 March
2024
87.772
106,989
764,166
958,927 1,002,123
The ststemenl of financlal activilies indudes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognlsed in the year. All income and
expenditure d8rtve from continuing activitl8S.
The statement of financial aclivities also complies with the requlrements for an income and expenditure account
under the Companies Act 2006.

WYCHWOOD FOREST TRUST LTD
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Note8
Flx•d au•ts
Tangible asset8
14
789,180
768,914
Curr•nt aM•ts
Stock8
Debtors
Cash 8t bank and In hand
15
16
498
3,775
171.337
545
7,594
241,407
175,810
249,548
Cr•dltorn: •mount• falllng du• wlthln
on• y•ar
17
(5,863)
(18,337)
Net current 088ets
169.747
233.209
Total a8$0ts I￿* currnnt Ilablllllg$
958,927
1,002,123
Incom• fund8
Restrfded fund8
Deswnaled funds
Unre8trlcted lund8
19
20
764.166
106,989
87,772
770,346
95,179
136,598
958,927
1,002,123
The Company Is enlllled to the exempllon from the audit requlrement contalned In 88ctlon 477 of the Companles
Act 20L￿. for the year ended 31 March 2024. The members have nol required the Company to obtain an audit of It8
financial statements for the year in questlon In accordance wlth sectlon 476.
The TN8tee8 acknowledge thelr responslbllllles for ensuring Ihat the Charlty koep8 accounllng record8 whlch
comply with section 386 of the Acl and for preparlng financial statements which give a true and f81r vlew of the slat
of affairs of the Company as at the end of the financlal year and of It8 incoming resources and application of
resources, includin9 Its incorne ond expendrture, for the financial year in accordance wlth the requirements of
sections 394 and 395 and which otherwise comply with the requlremenls of the Companies Acl 2006 relating to
fjnancbal statements, so frdf 88 appllc4ble to the Company,
These financial statements have been prepared in accordance wlth the Provisions applicable to companles subject
to the 8mall companles regime.
The accounts were approved by the Trustees on .... .......
Mr D Astor
Tru•tso
Company Reglstratlon No. 04093088

WYCHWOOD FOREST TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollclos
Charlty Informatlon
Wychwood Forest Trust Ltd Is a prlvatè company Ilmlt8d by guarantéè Incorporated In England and Wales.
The registered office is WODC Woodgreen, New Yatt Road, Witn8y. Oxfordshlre, OX28 1 N8.
1.1 Aeeountlng eonvonllon
Th8 financial statements have beén prepared In accordan¢8 wlth the Charlty's govemlng document, the
Companies Act 2006 and 'Accounting and Reporting by Chanties: Statement of R8commended Practice
applicable to charities preparing their acGounts in accordance with the Flnanci81 Reportlng Standard
applicable in the UK and Republic of Ir81and (FRS 102). las amended for accounting periods commencing
from 1 January 20161. The Charity is a Public Benefit Entity as defined by FRS 102.
The Charlty has taken advantag8 of thè provislons in th8 SORP for charities applylng FRS 102 Updat8
Bulletln 1 nol to prepore a Statement of Cash Flov￿.
Thè financlal slat8m8nts are prepared In sterllng, whlch 18 the functional currency ol the Charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial stal8mènts have b8en prepared under the hlstorf¢al cost ¢onvenllon. The prlncipal accountlng
policies adopted ar8 set out below.
1.2 Golng coneam
At the time of approvlng tho financial slat8m8nts. the Trustees have a reasonabl8 8xpectatlon that the Charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Truslees
contlnuè to adopt th8 golng concèm basls of accounting in preparing the financial stslements.
1.3 Charltable fund8
Unrestncted funds are available for use at the discretion of the Trust88s In furtherance of their charitable
objectives.
DesSgnated funds comprise funds whSch have been set aslde al the dlscretlon of the Trustees for specific
purposes. The Purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are subjèct to spècific conditions by donors or grantor5 as to how they may be used. The
purposes and uses of the restricted funds are set out in the notès to the financial statements.
1.4 Incomlng resourrAS
Income is recognised when the Ch8rity is legally entitled to it after any performance conditions have ￿en
m81. the amounts can be measured reliably, and it is probablè that Income will be received.
Cash donations are r8cognised on recelpt. other donatlons are r8cognis8d once the Charlty has been notified
of the donation, unless perfomance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of Covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notrfied of an imp8ndlng distribution.
the amount is known, and receipt is expected. If the amount Is not known. the legacy Is treated a5 a
contingent asset.

WYCHWOOD FOREST TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollclos
(Contlnuod)
1.5 Resourcos oxpended
Expenditure is recognised onc8 there Is a legal or construdive obligation to transfer economic benefit to a
third party, it is probable thal 8 tr8nsfer of economic benefits wlll be required in settlement, and th8 amount of
the obligation can be measured rèliably.
Expenditurè is classified by activity- The costs of each activity are made up of the total of direct costs and
shared costs, including support costs Involvèd in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that actlvlty. Shar8d costs which contrlbule lo more than one activity and
support costs which are not attributable lo a single activity are apportioned bebNeen those activities on a basis
consistent with the use of resources. Cèntral staff costs are allocated on Ihe basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tanglble flxed asset8
Tangibl8 fixed assets are Inltlally measured al cost and subsequ8ntly measured at Cost or valuallon, net of
depreciation and any impalm8nl losses.
Depreciation is recognis8d so as to wrlte off the C¢)St or valuatlon of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Motor vghlcles
not depr8cSated
25Vo reducing balance
The galn or loss arislng on the disposal of an asset is detennlned as th8 dlffèrènce b￿￿e0n the sale
proceeds and thè carrylng v81uè of the a5sel, and is recognised in the statement of financial activilies.
1.7 Impalrniont of flxed assets
At each reporting end datè, the CharSty reviews the carrylng amounts of its tangible assets to determlne
whether there is any indication that those assets have sufferèd an impaimènt loss. If any such indication
exists, the recoverable amount of the assèt is èstlmatèd in order to detemlne the extent of the Impainnent
loss (if any).
1.8 Stock•
Stocks are stated al the lower of cost and eslimated selling pric8 less costs to ¢omplÈt8 and sell. Cosl
comprSs8s direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for dislribution al no or
nominal conslderation are measured at the lower of replacement cost and cost.
Net realisable value is the estimated selllng price less all 8sllmated Costs of completion and costs to be
incurred in marketing, Selling and distribution.
1.9 Cash and cash equlvalonls
Cash and cash equivalents include cash in hand, deposits held at call wlth banks, othèr short-term liquld
investments with original maturities of three months or less, and bank overdrafts. Bank overdraft5 are shown
within borrowings in current liabilities.

WYCHWOOD FOREST TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcl•8
{Contlnued)
1.10 Flnan¢lal Instruments
Thè Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'other Financlal Instruments Issues, of FRS 102 to all of its financial instruments.
Flnanclal Instruments are rècognised In the Charivs balance sheet when the Charity becomes paty to the
contractual provisions of the instrument.
Financlal assets and Ilabilltles are off50t, with the net amounts presented in the financial statements, when
there is a legally enforceable right to sel off the recognis8d amounts and th8re Is an intenlion to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Baslc Ilnanclal assets
Basic financial assets, which include debtors and cash and bank balancès, are initially measurèd at
transactlon price Including transaction costs and are subsequently carrS8d at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaclion. where the tran5aclion is
measured at the present value of the future rec*ipts discount8d at a markel rale of Interest. Financlal assets
Classlfièd as re¢elvable wlthln one year are not arnortlsed.
8•s1¢ flnan¢lo1 Ilabllltles
Basic financial liabilities, including credltors and bank loans are inltially r8cognis8d at transaction prlce unless
the arrangement constllutes a financlng transaction. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities Glasslfied as payable
within one year are not amortised.
Debt Instruments are subsequently carrl8d at amortlsed cost, uslng the effective interest rate method.
Trade creditors are obligations lo pay for goods or s8Nices that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabili1S8s if payment Ss due within one
year or lèss. If not, they arè presenlèd as non-current liabilities. Trade creditors are recognised initially at
transaction prlce and subsequently measured at 8mortls8d cost using the effective interest method.
Derecognltlon of flnanclal Ilabllltles
Financial liabllilies are derecognised when the Charlty's contractual obligations expire or are distharged or
Cancèlled.
1.11 Employoe benoflts
The cost of any unused holiday entitlement Is recognlsed In th8 period In which the employèe's s8Nicès ar8
received.
Temination benefits are recognised immediately as an expense when Ihe Charity is d8rnonstrably committed
to teminate the employment of an employee or to provide tennination benefits.
1.12 Retlrement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
10-

WYCHWOOD FOREST TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
crftlcal aecountlng astlmates and Judgements
In th8 application of the Charity's accounting policies, the Trust88s are required to make judgements.
estlmates and assumptlons about the carying amount of assets and liabilitles that ar8 not readlly apparent
from other sources. Th8 estimatès and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may drffer from these 8StimatgS.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate Is revls8d where the revislon affects only that
Period. or In th8 period of the revision and future periods where Ihe revision affects both current and future
periods.
Donatlon$
Unrestrlclod D•slgnated Rgstrlcted
fund8
funds
funds
Total
2024
Tolal
2023
Donations and gifts
Grants receivable
Membership fees
Donated goods and services
8,873
33,912
14,668
1,000
8,873
33,912
14,668
1,000
386.070
88.912
12.718
3,580
58,453
58,453
491,280
For the year ended 31 March 2023
58,300
2,300
430,680
491.280
Charltablo actlvltlo•
2024
2023
Grants received
12,250
10,000
Event Income
Unrestrlcted Deslgnatod
funds
funds
2024
2024
Total Unrestrlcted Deslgnated
funds
funds
2023
2023
Total
2024
2023
Evenl income
Sale of goodslservices
12,931
12.931
2,741
16,180
16,180
3.026
2,741
3,026
2,741
12,931
15,672
3,026
16.180
19,206
11

WYCHWOOD FOREST TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from Investmonls
Unrestrfclod Unrèstrfeted
funds
funds
2024
2023
Interest rec*ivabl8
723
Other Incomo
Unrestrlcted Unrostrlcted
funds
funds
2024
2023
Compènsation for 8¢¢ount closure
500
Ral8lng funds
Unrostrlctèd D•$lgnatod
funds
funds
Total
2024
Total
2023
Fundraisin
Adv8rtislng
Cost of raising funds
and ublici
2.000
2,000
315
315
315
Fundraising and publicity
315
2.000
2,315
315
315
2.000
2,315
315
12-

WYCHWOOD FOREST TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charltable a¢tlvltlo5
2024
2023
Staff costs (Note 12)
Charity expenditure
Event èxpéndituré lexcludlng staff)
Projoct Costs
89,450
16.585
9.630
457
78.412
15,083
11,995
1,384
116.122
106,874
Share of support costs (s88 not8 10)
Share of govemance costs (see note 10)
8,462
3.895
7,989
3,174
128,479
118,037
Unrestricted funds
D8signat8d funds
Reslrict8d funds
91,134
31.165
6,180
79,202
34,308
4,527
128,479
118,037
10 Support costs ollocatod to acllvltles
2024
2023
Rent
Bookkeeplng
Sundry
Printing
IT Sol￿Var8
Govemance costs
830
5,029
996
5,706
319
677
291
3,174
676
1.863
3.895
12,357
11,163
Analysed bet￿8n.
Charitable activities
12,357
11,163
11 Trusleos
None of the Trustees (or any persons connected with them) received any remuneration or benefits from th8
Charity during the year.12023: None)
13-

WYCHWOOD FOREST TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Employèès
Number of employees
The average monthly number of employees du￿ng thè year was:
2024
Number
2023
Number
Employment cost8
2024
2023
The costs of employing the above persons durlng th8 year were:
Wag8s and salaries
89,450
78,412
There ar8 no employees who received total employee b8n8flts of more than £60,000.
13 Taxatlon
The charlty Is exempt from tax on income and gains falling withln section 505 of the Taxes Act 1988 or section
252 of the Taxation of Charg8ablÈ Gains Act 1992 to the extent that these are applled to its cherltable objects.
14 Tanglbl• flx•d a8i•t•
Fr••hold l•nd A•*•t• und•r
and bulldlng• con•tructl•n
Motor
v•hl¢l••
T•tsl
Co•t
At 1 April 2023
Addltions
768.465
7,500
775.965
20,379
20,379
At 31 March 2024
768.465
20,379
7,500
796,344
Depreclatlon and Impalmi•nl
At 1 April 2023
Depreciation charged In thè year
7.052
112
7,052
112
At 31 March 2024
7,164
7,164
Carrylng amount
At 31 March 2024
768,465
20,379
336
789,180
At 31 March 2023
768,465
449
768,914
Assets under conslruction additions relate to costs associated with the ongoing Foxburrow Wood
Enhancement Project.
14-

WYCHWOOD FOREST TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Stock$
2024
2023
Finished goods and goods for resale
498
545
16 Debtorn
2024
2023
Amount$ f4lllng du• wllhln on• yoar:
Trade debtors
Other debtors
Prepayments and accrued Income
1,230
2,820
2,816
959
3,775
7,594
17 Crodltors: amount8 falllng du• wlthln on• y•ar
2024
2023
Other taxation and social security
Payments received on account
Trade creditors
Other crèditors
Accruals
2,068
240
11,585
1,524
2,988
135
522
3,138
5,863
16,337
18 Rotlremonl beneflt sch•mo•
Deflnod Contrlbutlon schemes
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
schèmè are held separately from those of the Charity In an independently administered fund.
15-

WYCHWOOD FOREST TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Restrlcled fundi
The income funds of the Charity include restricted funds comprising the followlng un8xpended balances of
donations and grants held on trust for specific purposes..
At 1 April
2023
Incomlng
rosources
Resources At 31 March
axpended
2024
Flora Group
Wigwell
Singe Wood
Foxburrow Wood
Gibbets Close Hill
30,741
39,377
260,460
64,768
375,000
30,741
35,029
260.460
62,936
375,000
(4,348)
(1.832>
770,346
(6,180)
764.166
Provlou* yoar:
At 1 Aprll
2022
Incomlng Resources At 31 March
ro$ource¥
oxpended
2023
Flora Group
Wigwell
Singe Wood
Foxburrow Wood
Gibbets Clos8 Hill
30,061
43,672
260,460
680
30.741
39,377
260,460
64,768
375,000
{4,295)
65,000
375,000
(232)
334,193
440,680
{4,527)
770,346
16-

WYCHWOOD FOREST TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 D&51gnat•d funds
These are designaled funds which are matèrlal to th8 Charlty's actlvitl8S.
At 1 Aprll
2023
Incomlng Resourcos
r••ources
•xpondod
Transfers At 31 March
2024
Forest Fair
Gibbets Close
Evenlodè Catchment
Partnership
Other
440
12,931
130.763)
(2.402)
17,392
2,402
2,300
92,439
12,250
14,550
92,439
95,179
25,181
(33,165)
19,794
106,989
Prevlous yoar:
Al 1 Aprll
2022
In¢omlng
rosourcos
R•sOu￿0*
oxpendod
Tran$f•rs At 31 March
2023
109,496
18.480
(34,3081
1.511
95.179
21 Unro8trlctod funds
The unr8slricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have beèn sat aside out of unrestricted funds by the trustees for specific purposes.
At 1 Aprll
2023
Incomlng
rèsources
Resources
expended
Transfor8 At 31 March
2024
General funds
136,598
82,417
191.449)
119,794)
87,772
Prevlous year:
At 1 April
2022
Incomlng
resources
Resources
expended
Transfers At 31 March
2023
General fvnds
155,759
61,867
(79,517)
11,511}
136,598
17-

WYCHWOOD FOREST TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
22 Anatysls of nèt assets belweon funds
Unrnstrfctod Deslgnatod
funds
funds
Restrlcled
funds
Total
2024
2024
2024
2024
At 31 March 2024:
Tangible asséts
Current assetsl(liabilitiesl
21,558
66.214
122,243
(15,254)
645,379
118,787
789,180
169,747
87.772
106,989
764,166
958,927
Unr•strlcted D•slgnated
funds
funds
Restrlctod
funds
Total
2023
2023
2023
2023
Al 31 March 2023:
Tangible assets
Current asselsl{liabllitie$)
21,671
114,927
122.243
{27,064)
625,000
145,346
768,914
233,209
136,598
95,179
770,346
1,002,123
18