Charity registration number 10842591England and Wales) Company registration number 04093088 WYCHWOOD FOREST TRUST LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WYCHWOOD FOREST TRUST LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms L Staveley Mr R Crocker Mr R Newman Mr R Warner Mr I Wilkinson Ms S Davies Ms R Pearson Mr R Lord (Appointed 16 November 2024) (Appointed 16 November 2024) Charty number 1084259 Company number 04093088 Registered office WODC Woodgreen New Yatt Road Wtney Oxfordshire OX28 1NB Independent examiner Chapman Vilorth Limited 2 The Old Estate Yard High Street East Hend Wantage Oxfordshire OX12 8JY
WYCHWOOD FOREST TRUST LTD CONTENTS Page Trustees, report Independent examineffs report Statement of financial activities Balance sheet Notes to the financial statements 8-18
WYCHWOOD FOREST TRUST LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report and financial statements for the year ended 31 March 2025. The accounts have been prepared in accordance wth the accounting policies set out in note 1 to the accounts and comply with the Charity's goveming document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan th the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (as amended for accounting periods commencing from 1 January 2016). Objectives and activities The Charity's objects are to advance the educab'on of the public in the history, ecology, management and economy of woodlands, trees and other wldlife habitats and their place in the characteristic landscapes of the forty-one parishes currently within the District of West Oxfordshire all of which are wholly or partly within the area of the former Norman royal hunting Forest of Wchwood and such other areas as the Charity may from time to time decide,. and to conserve. restore, re-estsblish and promote the management and use of trees, woodlands, other wildlife habitats and characteristic landscapes for Ihe benefit and wherever appropriate with the participation of the public and thereby to enhance the natural beauty, amenities and rural economy of the countryside of the parishes and of West Oxfordshire and such other areas as the Charity may from time to time decide. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. The strategies adopted in fvrtherance of these objects are.. 1 Conserve and restore natural landscapes and V¥4ldlife habitats. manage our reserves to an exemplary level to improve v4ildlife habitats directly, through partnerships or via Influen or advice, plant and manage trees to create more wildlife habitat and connectivity with other habitats deliver landscape scale conservation projects to bring more land into better conservation status support our conservation groups (currendy Bird d, Hedgelaying, Barn Owl, Flora, Drystone Walling} 2. Impart natural landscapes and wildlife habitats leaming. We wll= increase awareness and understanding of the Wychwood Forest's natural environment build knowledge and skills that support restoration and conservation 3. Engage individuals and organisations in conservation support and action. We wll: collaborate in ndIng and delivery partnerships offer a variety of volunteering opportunities promote membership of the Wchwood Forest Trust communicate with individuals, communib'es and organisations 4. Govem and run an effective financially viable organisation that adheres to its mission and values. We will: ensure we have the necessary policies and ProsseS in place, keeping abreast of current legislation and best practice support our trustees, stsff and volunteers wth training and equipment needed to perform 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 2025 Achievements and perforniance During the year the Charity continued to forge ahead wtth a broad range of activities, guided by the key themes of our current strategic Plan. Our charitable activities are designed to have cross-cutting effects with these themes to maximise the impact of our resources and some key activities are outlined here. Conservation and Restoration WFT has continued to maintain freehold ownership of the nature reserves at Foxburrow Wood, Grimes Meadow, Singe Wood and Gibbets Close Hill. We were notified of a forthcoming freehold legacy of a small woodland, Quicken Copse, which we have accepted in principle. We also continued our management or lease agreements for Wgwell and Dean Common. Management of these reserves to maintain and enhance their value for people and wldlife was the focus of our site-based conservation activity during the year. Work continued on the restoration of Gibbets Hill site on the outskirts of V¥ltney. Although essentially a minimal intervention 'wlding' approach, last year the decision was taken to disrupt the historic agricultural drainage of the land that conveys rainwater away from the hill. In partnership wth Freshwater Habitats Trust we created nine large but shallow wetlands by uncovering and blocking parts of the old field drain system. The resulting features have been in place for almost a year and have SucsfUllY rewetted parts of the land and have already been used by spawning amphibians. At Wgwell nature reserve in Charlbury we continued to Vrk Yth the Friends of Wigwell volunteer group and a der group of stakeholders to further implement plans for creating a wilder and more diverse habitat mosaic across the reserve, whilst continuing to maintain the existing valuable ecological features such as the limestone grassland Local Wildlife Site. Important scrub species such as blackthorn, hawthom and dog rose have been allowed to encroach from hedgerows and field margins, and collectively are now providing a significant nectar source when in flower. The abundance of patchy regenerating scrub is also of great value as the food plants of several rare butteffly species in the locality. After last year's first ever record of the black hairstreak, a blacklhom specialist known from only a few dozen sites in central England, a second specimen was photographed this year. 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, and thanks to our many collaborators for helping us achieve our charitable objectives over the past year. Learning & Volunteering Most of our focus this year was on continuing to create an outdoor learning area at Foxburrow Wood. With generous grant support from FCC Communities Foundation, we have been constructing shelters, composting toilets, and rustic furniture. The project wll be completed next year but already the space has been used positively by local Guide, Scout, and outdoor education groups. 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 collaboration wth West Oxfordshire District Council. We held our usual program of rural skills courses. natural history training, guided walks and public talks, and also held our inaugural WFT hedge laying competition at Foxburrow Wood which was a su¢¢ess that we wll repeat.
WYCHWOOD FOREST TRUST LTD TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Partnership and Participation Our much respected hedge laying group continued to work on our own and partners. hedges during the autumn and winter season. They also continued a long-running project to lay more than 1 km of young hedge along Jubilee Way in Witney to the north of Gibbets Hill, undertaken in partnership yth the land and hedge owner West Oxfordshire Distrid Council. The project is now into its fourth season. The dry stone walling group members, skills are still very much in demand. not least by ourselves this year. Having built a magnificent new entrance wall to Foxburrow Wood, the team began work on a smaller construction within the site's developing education area this year. Dry stone walls are a proud heritage feature of the Wychwood area and the wider Cotswolds in their own right. but they also provide important habitats for a wide range of plants and animals. The walls built as part of Foxburrow Wixjd's restoration will last for Centuries. The expert flora group continued to monitor seven rare species across more than 20 different sites. The Wychwood remains a last stronghold in our region for a number of species that have become very rare in the modern landscape, such as meadow clary, red hemp-nettle, and yellow star-of-Bethlehem. The group monitor trends in these special rarities over the years. Financial VIeW It is the policy of the Charity that unrestricted fvnds which have not been designated for a specific use should be maintained at a level equivalent to meet at least six months. expenditure. The Trustees consider that resetves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reseNes has been maintained throughout the year. The Charity has a reserves policy that also encompasses contingency funds against losses in institutional funding and a development fund for investment in new projects. The Trustees identify and periodically review the major risks to which the Charity is exposed and ensure that systems are in place to mitigate these risks. These risks indude financial, environmental, compliance and operational areas. In order that the risks to which we are exposed are minimised we ensure that we have adequate insurance in place, maintain and monitor our reserves policy, monitor our financial activities against an approved budget and strategic plan, seek to widen the range of fund-raising activits'es, pay particular attention to publicity and keeping our members informed about our activities, ensure a dose working relationship beeen the Trustees and the Wchwood Forest Trust partners and understand and Comply with company and charity law and regulation. Structure, governance and management Wychwood Forest Trust Limited {"the Charity" or °VIFf) was incorporated on 19 October 2000 and is govemed by its original Memorandum of Association from that date and its most recent Articles of Association, which are dated 1 November 2025. The Trustees meet as a Board every three months to oversee the activities of the Charity to ensure its objectives are being achieved. Certain responsibilits'es of the Board have been delegated 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 remain responsible for the strategy and policies of the Charity. The Trustees have been elected for their experience and knowledge of various aspects of an environmental charity's affairs. The administrative and financial housekeeping of the Charity are covered by the Finance Manager. The Chief Executive continues 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 the continued support of Oxfordshire County Council and West Oxfordshire District Council. The Trustees, 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 (Resigned 16 November 2024> Mr H St John (Resigned 31 October 2025)
WYCHWOOD FOREST TRUST LTD TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Ms L Staveley Mr R Crocker Mr R Newman Mr R Warner Mr I Wilkinson Mr DAstor Ms S Davies Ms R Pearson Mr R Lord (Resigned 16 November 2024) (Appointed 16 November 2024) (Appointed 16 November 2024) None of the Trustees has any beneficial interest in the Company. All of the Twstees are members of the Company and guarantee to contribLrte £1 in the event of a winding up. The Trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Charity and the incoming resources and application of resources, including the net income or expenditure for the year. In preparing those financial statements, the Trustees are required to.. select suitable accounting policies and apply them ¢onsistently- make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements., prepare financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees, report was approved by the Board of Trustees. Mr R Warner Trustee Dated.. ! November 2025
WYCHWOOD FOREST TRUST LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WYCHWOOD FOREST TRUST LTD I report to the Trustees on my examination of the financial statements of Wchwood Forest Trust Ltd (the Charity) for the year ended 31 March 2025. Responsibilities and basis of report As the Trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordan with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity's financial statements carried OLrt under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515}Ib} of the Charities Act 2011. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006. the financial statements do not accord wth those records" or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 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 statements have not been prepared in accordance wth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and have come across no other matters in connection wth 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. Anna Chapman FCA Chapman Worth Limited 2 The Old Estate Yard High Street East Hendred Wantage Oxfordshire OX12 8JY 10 Nov 2025 Dated..
WYCHWOOD FOREST TRUST LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Designated Restricted funds funds funds Total 2025 Total 2024 Notes Income from: Donations Charitable activities Event income Investments Other income 148,058 148,058 16,531 2,253 803 58,453 12,250 15,672 723 500 15,000 1,531 2,253 803 Total income 151.114 15.000 1,531 167,645 87,598 enditure on: Raising funds Fundraising and publicity 334 334 2,315 Charitsble adivities 70,372 2,946 45,259 118,577 128,479 Total resources expended 70,706 2,946 45,259 118,911 130,794 Net incomel(expenditure) for the yearl Net movement in funds 80,408 12,054 {43,728} 48,734 (43,196) Fund balances at 1 April 2024 87,772 106,989 764,166 958,927 1,002,123 Fund balances at 31 March 2025 168,180 119,043 720,438 1,007,661 958,927 The statement of financial activits'es indudes all gains and losses recognised in the year. The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also Complies with the requirements for an income and expenditure account under the Companies Act 2006.
WYCHWOOD FOREST TRUST LTD BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 14 804.813 789,180 Current assets Stocks Debtors Cash at bank and in hand 15 16 1,190 5,395 202,649 498 3,775 171,337 209,234 175,610 Creditors: amounts falling due within one year 17 (6.386) 15,863) Net current assets 202,848 169,747 Total assets less current liabilities 1,007,661 958,927 Income funds Restricted funds Designated funds Unrestricted funds 19 20 720,438 119,043 168,180 764,166 106,989 87,772 1,007.661 958,927 The Company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The members have not required the Company to obtain an audit of its financial statements for the year in question in accordance viith section 476. The Trustees acknowledge their responsibilities for ensuring that the Charity keeps accounting records which comply with section 386 of the Act and for preparing financial ststements which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its incoming resources and application of resources, induding its income and expenditure. for the financial year in accordance with the requirements of sections 394 and 395 and which otherwse comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company. These financial statements have been prepared in accordance Yth the provisions applicable to companies subject to the small companies regime. 1 November 2025 The accounts were approved by the Trustees on ......................... Mr R Warner Trustee Company Registration No. 04093088
WYCHWOOD FOREST TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Wychwood Forest Trust Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is WODC Woodgreen, New Yatt Road, Wilney, Oxfordshire, OX28 1 NB. 1.1 Accounting convention The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006 and "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). (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling. vthich is the fvnctional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Truslees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion 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 subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Incoming resources Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donalions are recognised once the Charity has been notified of the donation, unless performance 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 othetwise if the Charity has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
WYCHWOOD FOREST TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued 1.5 Resources expended Expenditure is recognised once there is a legal or constwctive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits wll be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the followng bases.. Freehold land and buildings Motor vehicles Foxburrow Wood Enhancement not depreciated 25 % reducing balance 1 OOA straight line The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the Charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impaiment loss (if any). 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to Complete and sell. Cost comprises 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 distribution at no or nominal consideration are measured at the lower of replacement cost and cost. Net realisable value is the estimated selling pri less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilits'es.
WYCHWOOD FOREST TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued 1.10 Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, wth the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the aangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. DeCognItion of financial liabilities Financial liabilities are derecognised when the Charrty's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide temiinab'on benefits. 1.12 Retirement 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 2025 Critical accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in vthich the estimate is revised where the revision affects only that period, or in the period of the revision and future periods vthere the revision affects both current and future periods. Donations 2025 2024 Donations and gifts Legacies receivable Grants receivable Membership fees Donated goods and services 47,255 42,000 41,614 16,064 1,125 8,873 33,912 14,668 1,000 148,058 58,453 Charitable activities 2025 2024 Grants received Charitable rental income 15,000 1,531 12,250 16,531 12,250 Analysis by fund Designated funds Restricted funds 15,000 1,531 12,250 16,531 12,250 11
WYCHWOOD FOREST TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Event income Unrestricted Unrestricted Designated funds funds funds 2025 2024 2024 Total 2024 Event income Sale of goodslservices 12,931 12,931 2,741 2,253 2,741 2,253 2,741 12,931 15,672 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 803 723 Other income Unrestricted Unrestricted funds funds 2025 2024 Compensation for account dosure 500 Raising funds Unrestricted Designated funds funds Total 2025 Total 2024 Fundraisin Advertising Cost of raising funds and ublici 2,000 315 334 334 Fundraising and publicity 334 334 2,315 334 334 2,315 12-
WYCHWOOD FOREST TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities 2025 2024 Staff costs (Note 12) Charity expenditure Event expenditure (excluding staffj Project costs 86,775 11,386 4,165 302 89,450 16,585 9,630 457 102,628 116,122 Share of support costs (see note 10) Share of govemance costs (see note 10) 12,279 3.670 8,462 3,895 118.577 128,479 Analysed between: Unrestricted funds Designated funds Restricted funds 70,372 2,946 45,259 91,134 31,165 6,180 118,577 128,479 10 Support and governance costs 2025 2024 Rent Bookkeeping Sundry Printing IT software 3,588 5,668 130 1,418 1,475 830 5,029 64 676 1,863 12,279 8,462 Governance costs 3,670 3,895 15,949 12,357 13-
WYCHWOOD FOREST TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Support and governance Costs (Continued 2025 2024 Governance costs comprise: Independent examiner's fee AGM meeting costs Other 3,294 300 76 3,138 700 57 3,670 3,895 11 Trustees None of the Trustees (or any persons connected with them) reiVed any remuneration or benefits from the Charity during the year. (2024.. None) 12 Employees Number of employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Employment costs 2025 2024 The costs of employing the above persons during the year were: Wages and salaries 86,775 89,450 There are no employees who received total employee benefits of more than £60,000. 13 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 14-
WYCHWOOD FOREST TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Tangible fixed assets Freehold land Assets under and buildings construction Motor vehicles Foxburrow Wood Enhancement Total Cost At 1 April 2024 Additions Transfer 768.465 20.379 16,962 (37,341) 7,500 796,344 16,962 37,341 At 31 March 2025 768.465 7.500 37,341 813,306 Depreciation and impaimient At 1 April 2024 Depreciation charged in the year 7,164 7,164 1,329 1,245 At 31 March 2025 7.248 1,245 8,493 Carrying amount At 31 March 2025 768.465 252 36,096 804,813 At 31 March 2024 768,465 20,379 336 789,180 Assets under construction additions relate to costs associated with the ongoing Foxburrow Wood Enhancement. During the year the first phase of the asset under construction was completed and utilised by the charity. The asset has been depreciated from the date of completion. 15 Stocks 2025 2024 Finished goods and goods for resale 1,190 498 16 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accwed income 375 3,420 1,600 2,816 959 5,395 3,775 15-
WYCHWOOD FOREST TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Other Creditors Accwals 1.763 883 446 3,294 2,068 135 522 3,138 6,386 5,863 18 Retirement benefit schemes Defined contribution schemes The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund. 19 Restricted funds The income funds of the Charity indude restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. At 1 April 2024 Incoming resources Resources At 31 March expended 2025 Flora Group Wigwell Singe Wood Foxburrow Wood Gibbets Close Hill 30,741 35,029 260,460 62.936 375,000 (302) (13,804) 14.601) {15.049) (11,503) 30,439 21,225 255,859 49,418 363,497 1.531 764.166 1.531 (45,259) 720,438 PVIouS year: At 1 April 2023 Incoming resources Resources At 31 March expended 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 16-
WYCHWOOD FOREST TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Designated funds These are designated funds which are material to the Charity's activities. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 Evenlode Catchment Partnership Other 14.550 92.439 15.000 (2.301) (645) 27,249 91,794 106,989 15,000 (2,946) 119,043 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Forest Fair Gibbets Close Evenlode Catchment Partnership Other 440 12,931 (30,763) (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 21 Unrestricted funds The unrestricted 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 indude designated funds which have been set aside out of unrestricted funds by the charity for specific purposes. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 General funds 87.772 151,114 (70,706) 168,180 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General funds 136,598 62,417 {91,449) (19,794) 87,772 17-
WYCHWOOD FOREST TRUST LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Analysis of net assets between funds Unrestricted Designated funds funds Restricted funds Total 2025 2025 2025 2025 At 31 March 2025: Tangible assels Current assetsl{liabilities) 21,474 146,706 122,243 (3,200) 661,096 59,342 804,813 202,848 168,180 119,043 720,438 1,007,661 Unrestricted Designated funds funds Restricted funds Total 2024 2024 2024 2024 At 31 March 2024: Tangible assets Current assetsl{liabilities) 21.558 66.214 122,243 (15,254) 645,379 118,787 789,180 169,747 87.772 106,989 764,166 958,927 18-
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