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2022-03-31-accounts

The Trails Trust

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

The Charity that creates, improves and preserves access to the countryside for all - on foot, bicycle, ridden and driven horse and disabled conveyance.

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

Please reply to: The Trails Trust Registered Office, Townsend Cottage, Townsend, Priddy, Wells BA5 3BP Tel: 01749 871264 email trailstrust90@gmail.com

Report of the Trustees for the year ended March 31[st] 2022

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).

TTT reported on The Mendip ELMs Test 159 ‘How to incentivise green infrastructure access & biodiversity creation’ grant funded by Defra (value £87,000).

TTT and the team designed and surveyed a permanent multi- use network (Rights of Way Improvement Plan) for the Mendip test area, interviewed fifty landowner and land manager participants using an aspirational route access and biodiversity report and questionnaire to ascertain participant willingness to create / improve public access and biodiversity across land holdings report here http://www.thetrailstrust.org.uk/pages/downloads.php.

Having established a strong willingness amongst participants to engage with public access and biodiversity TTT approached Defra to bid for a second follow on test in Landscape Recovery programme. Throughout 2021 – 2022 TTT has been working on test 159A proposal Incentivising green infrastructure public access and biodiversity creation in land management’. This test (value £159,000) will explore the advice and guidance framework and mechanisms, long term agreements and covenants, payments and blended finance that will be needed to enable landowners and land managers to plan, create and improve green infrastructure public access, with enhanced biodiversity in land management plans for their individual holdings. The team and participants will also deliver best practice and landscape scale management plans. This test will report in 2023 – 2024

Farming in Protected Landscape (FiPL) scheme.

TTT has supported members and trustees involved in FiPL in their areas which have seen the development of some useful permissive bridleways.

Trustees: Chairman – Paul Hooper OBE, Hannah Gardner BSc (Hon), MSc, CEnv, MRICS Greg Glendell, Jennifer Ham BHSI MAE, Sonia Kundu, Fiona Powell, Sally Whittaker

Company Secretary: Rachel Thompson MBE. Registered Company Address: Townsend Cottage, Townsend, Priddy, Wells BA5 3BP

TTT is a Company limited by Guarantee registered in England and Wales No 3637593.

National consultations, campaigns and forums - In 2021 / 2022 TTT has

Trustees

The trustees for 2021 – 2022 were Paul Hooper OBE (Chairman), Sally Whittaker, Jennifer Ham, Lynn Myland, Greg Glendell, Fiona Powell, Sonia Kundu and Hannah Gardner. Rachel Thompson MBE continues as development and administration officer. The Board was very sorry to say goodbye to retiring trustee and rights of way officer Sheila Petherbridge and thank her for her extraordinary work in supporting TTT for so many years.

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 Paul J Hooper OBE for the Board of Trustees

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 2022 For THE TRAILS TRUST

1

The Trails Trust Contents of the Financial Statements For the Year Ended 31 March 2022

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 2022

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 2022. 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 (retired 27/09/2021) Sally Whittaker Lynn Myland Paul J Hooper OBE Hannah Gardner (appointed 27/09/2021 Greg Glendell (appointed 27/09/2021) Sonia Kundu (appointed 27/09/2021 Fiona Powell (appointed 27/09/21) 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 26/09/2022

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 2022 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 Tobiasson 28/09/22

4

5

The Trails Trust

Statement of Financial Activities for the year ended 31 March 2022

2022 2022 2022 2022 2021 2021 2021
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
Notes £ £ £ £ £ £
Incoming Resources
Incoming resources from
generated funds
Voluntary Income 26,458.45 - 80250 - 80250
Activities for generating
funds
2 - - - - - -
Investment Income 3 71.48 - 71.48 98.15 - 98.15
Total Incoming
Resources
26,529.93 - 80348 - 80348
Resources Expended
Costs ofGeneratingFunds
Costs of Generating
Voluntary Income
- - - - - -
Governance Costs - - - - - -
Other resources expended 23,031.80 - 23,031.80 74223 - 74223
Total Resources
Expended
23,031.80 - 23,031.80 74223 - 74223
Net incoming / (outgoing)
Resources
3498.13 - 3498.13 6125 - 6125
Reconciliation of Funds
Total Funds brought
forward
18,374.01 18374.01 12249 12249
TOTAL FUNDS
CARRIED FORWARD
21,872.14 21,872.14 18374 18374

The notes form part of these financial statements.

- 5 -

The Trails Trust

Balance Sheet

as at 31 March 2022

2022 2022 2022 2022 2021 2021 2021 2021
Unrestricted
Funds
Restricted
Funds
Total
Funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
Notes £ £ £ £ £ £
CURRENT
ASSETS
Prepayments &
accrued income
- - - - - -
Cash at Bank 21,872 21872 18374 18374
NET CURRENT
ASSETS
21,872 21,872 18374 18374
TOTAL ASSETS
LESS CURRENT
LIABILITIES
21,872 21,872 18374 18374
NET ASSETS 21,872 21,872 18374 18374
FUNDS
Unrestricted funds 21,872 21,872 18374 18374
Restricted funds
TOTAL FUNDS 21,872 21,872 18374 18374

The notes form part of these financial statements.

- 6 -

The Trails Trust

Balance Sheet (continued) At 31 March 2022

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2022 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 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
2021 2022
£ £
Fundraising events
0 0
INVESTMENT INCOME 2021 2022
£ £
Deposit Account Interest 98 71

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 2021 nor for the year ended 31 March 2022.

2021 2022
£ £
Trustees’ Expenses - -
STAFF COSTS 2021 2022
£ £
Wages and salaries - -
MOVEMENT IN FUNDS
Net
movement
At 01.04.21 in funds At 31.03.22
£ £ £
Unrestricted funds
General fund 18,374 3,498 21,872
Restricted funds
Restricted funds
- -
TOTAL FUNDS 18,374 21,872
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
Resources Expended in funds
£ £ £
Unrestricted funds
General fund 26,529 23,031 3498
Restricted funds
Restricted funds - - -
TOTAL FUNDS 26,529 23,031 3498

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
2022
£
18308
0
7035
0
1115
26458
0
0
71
26529
0
7
0
121
0
185
947
1160
0
75
20536
23031
2021
£
71493
0
7800
0
957
80250
0
0
98
80348
0
0
0
60
0
733
942
130
0
165
0
72193
74223

- 10 -

The Trails Trust

Net (expenditure)/income

3498 5192

The notes form part of the financial statements

- 11 -

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