Charlty reglslratlon number 1089771
Company reglstratlon number 04210261 (England and Wales)
THE FAIRYLAND TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

THE FAIRYLAND TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Jane Vaus
StuartAdams
Glynis Adams
Secratary
Sarah Wise
Charfty number
1089771
Company number
04210261
Prlnclpal addr888
12 Jolly Sailor Yard
Wells-n8xt-th8-S88
Norfolk
NR23 1LA
Independent examlner
Mapus-smith & Lemmon LLP
48 King Street
King's Lynn
Norfolk
PE30 1HE

THE FAIRYLAND TRUST
CONTENTS
Page
Trustees, report
Independent examiner's report
St8ternenl of financial activities
B81ance sheet
Notes to the accounts
7-12

THE FAIRYLAND TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE PERIOD ENDED 31 DECEMBER 2023
Th8 trustees present their annual rèport and fin8ncial sta18mènts for the period end&d 31 December 2023.
The accounts have been prepared in accordanc8 Wlth the accounting policies set out in note 1 to the accounts
and comply with the charity's governing document, lh8 Companies Act 2006 and 'Accounting and Reporting by
Charities.. Statement of Recommend8d Practice 8pplicab18 lo charities preparing their accounts in accordance
with the Financial Reporting Stsndard applicabl8 in the UK and Republic of Ireland IFRS 1021" (as amend8d for
accounting periods commenclng from 1 January 20161
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the
financial position of the charity and which enable them lo ascertain the financial position of the charity and which
enable them lo ensure that the financial statements comply with applicable law and regulations. They are also
responsible for safeguarding the ass81s of the charity and hence for taking reasonab18 steps for the prevention
and detection of fraud and other irregularities.
Objectives and activities
The Charity was founded on 12 December 2001. Th& Governing Instruments under which the charity operal8S IS
the declaration of trust, and policies made from time to lime by the trustees. The company is a registered charity
(Charity Number 1089771 }. It is a limited company registered in England and Wales and Is limited by guarantee
and has no share capitsl. The company r8gistration nurnber is 04210261.
The charity's objecls are lo adv8n¢e the education of children and young persons in the conservation of the
ènvlronment, in particular the conseNation of woodland and other natural wildlife habilals. The policies adopted
in furtherance of these objects are lo help children and young persons through leisure lime activities to develop
their physical, mental and spiritU81 capacities that they may grow to full m81urily as individuals and members of
society.
From Novèmber 31st 2022 to 31st December 2023 the Fairyland Trust continued its work to further ils charitable
objectives of engaging young people and families in nature by holdlng 8 Fairy Fair Sn May23, and The Real
Halloween in Oclob8r23, running natur8 workshops and associat8d aclivilies. During this period th8 Trust also
ended use of ils ren18d stores at New Farm in Wells next the Sea and look on a new unit at Abbey Fami, West
Acre, which is near to the 8vent slle at Bradmoor Woods. This improved the sustainability of the operallons and
ncurr8d extra cosls in rebuilding and ouffitting the unit intedor.
The trustees have p8id due regard lo guSdanc8 issued by the Ch8rtty Commission in deciding what activities the
charity should und8rt8ke.
Achlevements and performanco
Flnanclal revlow
The attached documents demonstrate in financial terms th9 aclivilies of th8 charity for the past year. As can be
seen the Charity has a deficit in the year of £2,799 compared to a surplus of £5,655 in 2022. The direct
charitable expenditure is mostiy met with a combination of workshop fees and cash taken at the fairs.
It is the policy of the charity that unrestricl8d funds which have not been designated for a specific use should be
maintained al a level 8quivalent to between three and six month's stsndard running expenditure. The trustees
considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able
to continue the charily's current activities while consideration is given to ways in which additional funds may be
raised. This level of reserves has been maintained throughout the period.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in
place lo mitigate exposure to the major risks.

THE FAIRYLAND TRUST
TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE PERIOD ENDED 31 DECEMBER 2023
Structure, governanco and management
The charity is a company limtted by guarantee and does not have share capital.
The Irust8es, who are also the directors for the purpos8 of company law, and who served during the period and
up to the date of signature of the financi81 statements were..
Jane Vaus
StuartAdams
Glynis Adams
New trustees, being qualified by experience, are appointed by recDmmendation of the current truslees, or by
proposal of a current trustee entiued lo vote at a me8ting of the Gharity.
None of the Irustees has any beneficial interest in the company. All of the truslees are members of the company
and guarante8 to contribute £1 in the event of a winding up.
The trustees, report was approvèd by the Board of Trustees.
Stuart Adam8
Trustee
Dated: ..J.fP./7./to.....

THE FAIRYLAND TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE FAIRYLAND TRUST
I raport to the tnjstees on my examinatlon of the financial statements of The Fairyland Trust Ilhe charity) for th6
period 8nd8d 31 D8cember 2023.
Responslbllltles and basls of report
As the trustees of Ihe charity land also its directors for Ihe purposes of company lawl you are responsible for the
preparation of the financial statgmenls In accordance with the requirements of the Companies Act 2006 (the 2006
Acl}.
Having satisfied myself that the financial statements of the charity are not r8quired to b8 audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's
financial slalements carried out under section 145 of th8 Chariti8s Act 2011 Ilhe 2011 Act). In carrying out my
examination I have followed all thè applicabl8 Directions given by th8 Charity Commission under section 14515)(b}
of th8 2011 Act.
Independent oxamlnerfs Statement
I have completed my examination. I confirm that no matters have come to my attention in connection wlth th8
examination giving me caus8 to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or
th8 financial sta18ments do not accord wlth those r8cords,' or
the financial statements do not comply with the a¢counling rèquirements of $8Ction 396 of the 2006 Act other
than any requlr8ment that th8 accounts giv8 a true and fair vl8w which is not a matter consldered as part of an
Independent examinatlon., or
the financial statements havé not been prepared in accordance with the methods and principlas of the
Statement of Recommended Practice for accounting and reporting by Charities applicable to charit18S
preparing their accounts in accordance with the Financial Reporting Standard applicabl8 in the UK and
Republic of Ireland IFRS 102}.
I have no Goncerns and have come across no other matters In connectlon with the examination to which attention
should be drawn in this report in order to 8nable a proper understanding of the financial slatements lo b8 reached.
ljlapus-smith & Lemmon LLP
48 King Street
Klng's Lynn
Norfolk
PE30 1HE
Dated..
i?15114

THE FAIRYLAND TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 DECEMBER 2023
Unrestrlcted Restricted
funds
funds
Total
2023
Total
2022
Notes
Incom
frorn:
Charitable activities
95,924
95,924
83,486
endlture on..
Charitable activities
98.221
98,223
77,831
Net (expenditurellincome for thè yearl
Net movement in funds
12,2971
(2)
(2.2991
5,655
Fund balances at 1 November 2022
91
7,517
7,608
1,953
Fund balance8 at 31 December 2023
(2,206)
7,515
5,309
7,608
The statement of fln8nci818Ctivltles Includes all gains and Ioss88 r￿OgnISed In th8 period.

THE FAIRYLAND TRUST
BALANCE SHEET
AS AT31 DECEMBER 2023
2023
2022
Notes
Flxed assets
Tangible assets
53
74
Current assets
Stocks
Debtors
Cash al bank and in hand
2,000
1,585
3,421
1,500
15,592
11,947
7,006
29,039
Credltors: amounts falllng due within
one year
10
11,750)
121,5051
Net current assets
5,256
7,534
Total a$$ets les$ ¢urrent Ilabllltles
5,309
7,608
Income funds
Restrict8d funds
Unrestricted funds
11
7,515
12,206)
7,517
91
5,309
7,608
Company registration number 04210261

THE FAIRYLAND TRUST
BALANCE SHEET (CONTINUED)
ASAT 31 DECEMBER 2023
Th& company is entilled to the exemption from the audit r8quir8ment contained in section 477 of the Companies Act
2006, for the period ended 31 Decembar 2023.
The dlrectors acknowledge their responsibilities for complylng wllh the requir8ments of th9 Companies Act 2006
with respect to accounting r8cord5 and the preparation of financial statem8nts.
The members have not required the company to obtsln an audit of its financial stslements for the period in queslion
in accordance with section 476.
These flnanclal statements hav8 been prepared In accordance wlth the provislons applicable to companlès subl8ct
to the small companies regime.
Thè financial statements were approved by the Truslees on
SIu8rt Adams
Trustoe
Company reglstrat5on numbor 04210281

THE FAIRYLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
Accounting policles
Charfty Infomiatlon
The Fairyland Trust is a private company limited by guarantee incorporated in England and Wales. The
registered office is 48 King Street. Kings Lynn, Norfolk, PE30 1 HE.
1.1 Accountlng conventlon
The accounts have been prepared in accordance with th8 charity's govèrning 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 IFRS 1021" las amended for accounting periods commencing from 1 January 20161.
The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements ar8 prepar8d In sterling, which is the functional currency of th8 charity. Monetsry
amounts in these financial ststemenls are rounded lo the nearest £.
The financial slatements have been prepared under the historlcal cost convention. The principal accounting
policies adopt8d ar8 set out below.
1.2 Charllable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restri¢ted funds are subject to specific conditions by donors or granlors as to how they may be us8d. The
purpos8s and uses of the restricted funds 8r8 set out In th8 notes to the financial statements.
1.3 Incomlng resources
Income is recognised when the charity is legally entitled to il after any performance condilions have been met,
the 8mount$ ¢an be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the ch8rlty h8s been notified
of the donation, un18SS P8rformanc8 conditions require deferral of the amount. Incom8 tax recov8rable In
relation to donations received under Gift Aid or dèeds of covenant is recognised at the time of the donation.
Interest is included when recelv8d by the charity.
1.4 Resources expended
Expenditur8 Is recognlsed once there is a18gal or constructSve obllgation to transfer economic benefit to
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amounl of
the obligation can be measured reliably.
Expenditure is classified by activity. Th& 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 contribule to more than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources. Central stsff costs are allocated on the basis of lime spent, and
depreciation charges are allocated on the portion of the asset's use.
Expenditure is recognised when 8 liability is incurred. Contractual arrangements and perfom)8nce related
grants are recognis8d as goods or services are supplied. Other grant payments are recognised when a
Constructive obligation arises thal results in the
Costs of generating funds are those costs incurr8d in trading activities that raise funds.
Govemanc8 Costs include those incurred in the governance of the charlty and Its assets and are
primanly associated with the constitutional and slatutory requirements.

THE FAIRYLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
Accounting policies
(Contlnued)
1.5 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation 8nd any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of ass8ts less their residual valuas over their
useful lives Dn the following bases..
Shed
Computer equipment
Other
25010 reducing balance basls
25010 reducing balance basis
250h reducing balance basis
The gain or loss arising on thg disposal of an asset is detem)ined as th8 dlff&ren¢e b8tWgen the sale
proceeds and the carying valu8 of the asset, and is recognised in the statement of financial activiti8s.
1.6 Stocks
Stocks are slated at the lower of Cost and estimated selling pric8 18SS Costs lo comp18t8 and sèll. Cost
comprises dlrect materlals and, where appllcable, direct 18bour costs and those overheads that have been
incurred in bringing the stocks lo th8ir pr8S8nl location and condition. Items held for distribution at no or
nominal conslderation are measured the lower of replacement cost and cost.
N8t realisab18 value Is the estimated selling price l@ss all 8Stlma18d costs of ¢ompletion and costs to be
incurred in marketing, selling and distribution.
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposlts held at call with banks, other short-term liquid
investm8nls with original maturities of three months or less, and bank overdraft5. Bank overdrafts are shown
within borrowings in current liabilities.
1.8 Investments
Investments are reflected in the accounts at their current market value.
1.9 Taxation
The company is a registered charity and qualifies for relief from rnrporalion tsx under Taxes Act 1988, Section
505. Consequently, no tax liabilities arises.
Charltable actlvltles
2023
2022
Gift aid donalions
Event income
Workshop fees
Merchandise
18,743
71.637
5.146
398
22,339
56,600
4,547
95,924
83,486

THE FAIRYLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
CharStable activities
2023
2022
Depreciation (restricted and unrestricted)
Event costs and malerials
Storage rent
Workshop costs
Workshop materials
Training costs
General fundraising costs
Stationary, postage and administration
Travelling and subsistance
Accountancy
Other charitable expendlture
21
64,193
7,890
5,681
5,821
550
146
5,916
3,238
1,693
3,074
24
51,834
2,558
6,604
1,850
683
597
5,949
1,574
1,260
4,898
98,223
77,831
98,223
77,831
Tru8t8eS
None of the trustees lor any p8rs0ns conn8ci8d with them) received 8ny remuneration or benefits from th8
charity during the period.
Employees
Th8 av8rage monthly number of employe95 during the period was..
2023-
Number
2022
Number
Total
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
Taxation
Th8 charity Is 8xempt from taxation on its activities because all its income is appli8d for charitable purposes.

THE FAIRYLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
Tangible fixed assets
Shgd
Computer
equipment
Oth•r
Totsl
Cost
At 1 November 2022
900
211
20,450
21,561
At 31 December 2023
900
211
20,450
21,561
Depreclat5on and Impalnnent
At 1 November 2022
Depreciation charged in the period
897
210
20,380
20
21,487
21
At 31 December 2023
898
210
20,400
21,508
Carrylng amount
At 31 December 2023
50
53
At 31 Oclob8r 2022
70
74
Stocks
2023
2022
Stock
2,000
1,500
Debtors
2023
2022
Amctyunts falling duo withln one year:
Trade debtors
Prepayments and accrued income
610
975
14,461
1,131
1,585
15.592
10 Credltors: amounts falling due withln one year
2023
2022
Trade creditors
Accruals and deferred income
19,755
1,750
1,750
1,750
21,505
10

THE FAIRYLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
11 Restrlcted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may b8 usad.
At1
November
2022
Resources
expended
At31
Decembèr
2023
7,517
(2}
7,515
Prevlous year:
At1
November
2021
Resources At 31 October
expgndod
2022
7.520
13)
7,517
12 Unrestricted funds
The unrestricted funds of the charity comprlse the unexpended balances of donations and grants which are
not subject to specific Gonditions by donors and grantots as to how they may be used. These includè
designaled funds which h8ve been set aside out of unrestricted funds by the trustees for specific purposes.
At1
November
2022
Incomlng
resources
Resources
expended
At31
December
2023
General funds
91
95,924
{98,221 }
12,206)
Prevloug yoar:
Incomlng
resources
Resources At 31 October
expended
2022
November
2021
G8n8ral funds
(5,5671
83,486
177,828)
91
13 Analysls of net assets between funds
Unrestrlcted
funds
Total
Fund balances at 31 December 2023 are represented by..
Tangible assets
Current assetsl(liabilities)
53
5,256
53
5.256
5,309
5,309
11

THE FAIRYLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
14 Statement of movement In funds
At31
Oclober
Incomlng
2021 Resources
At31
October
2022
OutgoSng
Resources
Transfer
Restricted funds..
Shed. tents and domes
7,520
(3)
7,517
Total r8Strict8d funds
7,520
(3)
7,517
Unrestrict8d funds,.
G@n8ral funds
(5,567)
83,486
(77,828)
91
Total unrestricted funds
(5,567)
83,486
177,828)
91
15 Analysls of changes In net funds
The charity had no material debt during the yéar.
12