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2021-03-31-accounts

Registered Charity No. 1094139 www.thetrailstrust.org.uk

THE TRAILS TRUST

The Charity that creates access to the countryside for all - on foot, bicycle or by horse

Patrons : The Lord Hylton, The Rt Hon the Lord Waldegrave of North Hill PC. President : Angela Yeoman OBE DL

Annual Report of the Trustees for the year ended March 31[st] 2021

The trustees are pleased to report that the Trust has continued in the furtherance of its objectives during this period. The charitable objectives of The Trails Trust are:

‘For the benefit of the public to promote the protection, restoration and improvement of existing bridleways, byways and other public rights of way, and the addition of new bridleways, byways or other public rights of way, in the interests of social welfare and with a view to improving the conditions of life of the public’.

Agricultural Transition from EU Common Agriculture Policy to Environmental Land Management Scheme (ELMs).

This year was almost entirely taken up by working in partnership with Government via the Department for Environment Food & Rural Affairs. TTT facilitated The Mendip ELMs Test 159 ‘How to incentivise green infrastructure access & biodiversity creation’. This Test is informing the Defra Tests and Trials programme on landowner’ opinions on the barriers to creating or enhancing new access with biodiversity measures, the potential valuation for access improvements and access creation (based on a community rights of way improvement aspirational route across their land), willingness to collaborate with others, what advice will be needed, how a future scheme could incorporate access into a future ELMs plan on their holding.

The team designed and surveyed a network (Rights of Way Improvement Plan) of over 100 routes in the Mendip test area and interviewed fifty landowner and land manager participants using an aspirational route access and biodiversity report, questionnaire and option lists designed by the team, to ascertain participant willingness to permanently create the multi-use (for horse, bicycle, foot, disable vehicle) aspirational route and improve existing routes across their land holding.

TTT would like thank the Mendip Test Team members - local agricultural consultants Mike Clements and Mike House, Natural England principal access Pippa Langford, Tim Haselden and Jim Hardcastle from the Mendip Hills AONB unit, Dr Kelly Davis and TTT trustee Lynn Myland and TTT facilitators Rachel Thompson and Jo Piper (who unfortunately had to retire due to family reasons) for their commitment to the test.

TTT would also like to thank TTT member Dr Janice Bridger and Anthony Gibson OBE for peer reviewing the report.

The report can be found here http://www.thetrailstrust.org.uk/pages/downloads.php

1 

THE TRAILS TRUST

Registered Charity No. 1094139 www.thetrailstrust.org.uk 

The Charity that creates access to the countryside for all - on foot, bicycle or by horse

Patrons : The Lord Hylton, The Rt Hon the Lord Waldegrave of North Hill PC. President : Angela Yeoman OBE DL

Other work

TTT has continued to cooperate and work with

Nationally

Trustees

The current Management Board of trustees are Paul Hooper OBE (Chairman), Sally Whittaker, Jennifer Ham, Sheila Petherbridge and Lynn Myland. Rachel Thompson MBE continues as development and administration officer. The Board was very sorry to say goodbye to retiring trustees Keith and Amy Reynolds and thank them for their work in supporting TTT since 2013.

Anyone interested in serving as a trustee should register their interest by writing to TTT at trailstrust90@gmail.com

With best wishes and thanks to all our members for their continuing hard work and support of TTT

Paul J Hooper OBE for the Board of Trustees

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The Trails Trust

Registered Company Number: 03637593(England and Wales) Registered Charity Number: 1094139

Report of the Trustees and Unaudited Financial Statements For The Year Ended 31 March 2021 For THE TRAILS TRUST

1

The Trails Trust

Contents of the Financial Statements For the Year Ended 31 March 2021

Page
Report of the Trustees 3
Independent Examiner’s Report 4
Statement of Financial Activities 5
Balance Sheet 6 - 7
Notes to the Financial Statements 8 - 9
Detailed Statement of Financial Activities 10

2

The Trails Trust

Report of the Trustees For the Year Ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company Number 03637593 (England and Wales) Registered Charity Number 1094139 Registered Office Townsend Cottage Townsend, Priddy Wells, Somerset BA5 3BP Trustees Jennifer Mary Ham Sheila Petherbridge Sally Whittaker Amy Reynolds (retired 26/01/21) Keith Reynolds (retired 26/01/21) Lynn Myland Paul J Hooper OBE (appointed 26/01/21) Company Secretary Rachel Thompson MBE Independent Examiner Priddy Accountancy Ltd (Rick Tobiassen)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

ON BEHALF OF THE BOARD

Trustee Paul J Hooper OBE

Date 27/09/2021

3

The Trails Trust

Independent Examiner’s Report to the Trustees of

The Trails Trust

I report on the accounts for the year ended 31 March 2021 set out on pages five to nine.

Respective responsibilities of trustees and examiner

The charity’s trustees (who are also directors for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under Section 145 of the 2011 Act

To follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and

To state whether particular matters have come to my attention.

Basis of the independent examiner’s report

My examination was carried out in accordance with the General directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statements below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met, or

Signed R Tobiassen

4

5

The Trails Trust

Statement of Financial Activities for the year ended 31 March 2021

2021 2021 2021 2020 2020 2020 2020
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
Notes £ £ £ £ £ £
Incoming Resources
Incoming resources from
generated funds
Voluntary Income 80250 - 80250 8840 - 8840
Activities for generating
funds		 2 - - - - - -
Investment Income 3 98.15 - 98.15 94 - 94
Total Incoming Resources 80348 - 80348 8934 - 8934
Resources Expended
Costs of Generating Funds
Costs of Generating
Voluntary Income		 - - - - - -
Governance Costs - - - - - -
Other resources expended 74223 - 74223 3742 - 3742
Total Resources Expended 74223 - 74223 3742 - 3742
Net incoming / (outgoing)
Resources		 6125 - 6125 5192 - 5192
Reconciliationof Funds
Total Funds brought forward 12249 12249 7057 7057
TOTAL FUNDS
CARRIED FORWARD		 18374 18374 12249 12249

The notes form part of these financial statements.

- 5 -

The Trails Trust

Balance Sheet

as at 31 March 2021

2021 2021 2021 2021 2020 2020 2020 2020
Unrestricted
Funds		 Restricted
Funds		 Total
Funds		 Unrestricted
Funds		 Restricted
Funds		 Total
Funds
Notes £ £ £ £ £ £
CURRENT
ASSETS
Prepayments &
accrued income		 - - - - - -
Cash at Bank 18374 18374 12249 12249
NET CURRENT
ASSETS		 18374 18374 12249 12249
TOTAL ASSETS
LESS CURRENT
LIABILITIES		 18374 18374 12249 12249
NET ASSETS 18374 18374 12249 12249
FUNDS
Unrestricted funds 18474 18474 12249 12249
Restricted funds
TOTAL FUNDS 18374 18374 12249 12249

The notes form part of these financial statements.

- 6 -

The Trails Trust

Balance Sheet (continued) At 31 March 2021

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The trustees have not required the charitable company to obtain an audit of it’s financial statements for the year ended 31 March 2021 in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

Ensuring that the charitable company keeps accounting records that comply with sections 386-387 of the Companies Act 2006 and Preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its income and expenditure for each financial year in accordance with the requirements of sections 394-395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Trustees on 27/09/21 and were signed on its behalf by

Paul J Hooper OBE Trustee (Chairman)

The notes form part of the financial statements

- 7 -

The Trails Trust

ACCOUNTING POLICIES

Accounting Convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial reporting Standards for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and reporting by Charities.

Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources Expended

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

ACTIVITIES FOR GENERATING FUNDS

2020 2021
£ £
Fundraising events
 0 0
INVESTMENT INCOME 2020 2021
£ £
Deposit Account Interest 94 98

The notes form part of the financial statements

- 8 -

The Trails Trust

TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 March 2020 nor for the year ended 31 March 2021. There were no trustees’ remuneration or other benefits for the year ended 31 March 2020 nor for the year ended 31 March 2021. There were no trustees’ remuneration or other benefits for the year ended 31 March 2020 nor for the year ended 31 March 2021.
2020 2021
£ £
Trustees’ Expenses - -
STAFF COSTS 2020 2021
£ £
Wages and salaries - -
MOVEMENT IN FUNDS
Net
movement
At 01.04.20 in funds At 31.03.21
£ £ £
Unrestricted funds
General fund 12249 6125 18374
Restricted funds
Restricted funds
 - -
TOTAL FUNDS 12249 18374
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
Resources Expended in funds
£ £ £
Unrestricted funds
General fund 80348 74223 6125
Restricted funds
Restricted funds - - -
TOTAL FUNDS
 80348 74223 6125

The notes form part of the financial statements

- 9 -

The Trails Trust

The notes form part of the financial statements
INCOMING RESOURCES
Voluntary Income
Gifts
Donations
Grants
Subscriptions
Activities for generating funds
Fundraising Events
Consultancy and Sales of Publications
Investment Income
Deposit incoming interest
Total incoming resources
RESOURCES EXPENDED
Costs of generating voluntary income
Sundries
Governance costs
Legal fees & bank charges
Support Costs
Management
Trustee's expenses
Administration Costs
Advertising
IT
Expenses
Finance
Insurance
Other
Maintenance
Events
Project expenses
Website Costs
Project Officer Fee
Project Services
Project Expenses
Total resources expended
Net (expenditure)/income		 2021
£
71493
0
7800
0
957
80250
0
0
98
80348
0
0
0
60
0
733
793
942
130
0
165
0
£72,193
74223
6125		 2020
£
0
0
7849
0
991
8840
0
0
94
8934
0
0
0
209
0
0
209
843
0
0
190
2500
0
3742
**5192 **

- 10 -

The Trails Trust

The notes form part of the financial statements

- 11 -

Independent Examiner’s Report to the Trustees of The Trails Trust

I report on the accounts for the year ended 31 March 2021 set out on pages five to nine.

Respective responsibilities of trustees and examiner

The charity’s trustees (who are also directors for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under Section 145 of the 2011 Act

To follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and

To state whether particular matters have come to my attention.

Basis of the independent examiner’s report

My examination was carried out in accordance with the General directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statements below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met, or

Signed R Tobiassen