OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-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

Trustee Report 2022 - 2023

The work of The Trails Trust is to lobby for and provide green infrastructure routes for public access and biodiversity. This work has continued throughout 2022 – 23 under the chairmanship of Paul J Hooper OBE.

Hannah Gardner was elected as Vice Chairman. The Board was also pleased to welcome three new trustees to the Trust during this period. These were Lachlan Wilson, Miranda Fyfe and Andrew Combes who individually bring legal, public access and railway path development expertise adding to the Board’s skillset and expertise.

During the period the Board has:

Individual Members of the Board are also involved with:

Defra ELMs contract

TTT has been successful in achieving a contract for a second Test and Trial 159A valued at £160,000. The test is designed around the processes, mechanisms and advice & guidance required to help landowners and land managers ‘layer’ access into land management plans. (The test commenced in July 2022 and will run until June 2024

Trustees: Chairman – Paul Hooper OBE, Vice Chairman- Hannah Gardner BSc (Hon), MSc, CEnv, MRICS, Miranda Fyfe MA Cantab , Greg Glendell, Jennifer Ham BHSI MAE, Sonia Kundu, Fiona Powell, Sally Whittaker, Lachlan Wilson BA Oxon, Andrew Combes, Consultants: Lynn Myland, Rachel Thompson MBE 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.

Access routes and infrastructure

A number of access routes have been achieved or are being worked on in various locations including

New infrastructure - Access bridges – Andrew Combes has developed a cost-effective new bridge, details are being circulated to local highway authorities.

Papers and training

A facts & figures carriage driving paper has been produced and is intended to be included on the TTT website when planned work to the site has been concluded (planned for 2024).

Volunteer training for Somerset Rail2trail was undertaken to assist volunteers with approaches to landowners.

The Trails Trust looks forward positively to the next year 2023 – 2024 with a strong and hard-working Board.

Paul J Hooper OBE Chairman

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 2023 For THE TRAILS TRUST

1

The Trails Trust Contents of the Financial Statements For the Year Ended 31 March 2023

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 2023

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 Sally Whittaker Paul J Hooper OBE Hannah Gardner Greg Glendell Sonia Kundu Fiona Powell Lachlan Wilson (appointed Nov 2022 ) Miranda Fyfe (appointed Nov 2022 ) Andrew Combes (appointed March 2023)

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 30/09/2023

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 2023 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

4

5

The Trails Trust

Statement of Financial Activities for the year ended 31 March 2023

2023 2023 2023 2023 2022 2022 2022 2022
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
Notes £ £ £ £ £ £
Incoming Resources
Incoming resources from
generated funds
Voluntary Income 60,946.50 - 60,946.50 26,458.45 - 26,458.45
Activities for generating
funds
2 - - - - - -
Investment Income 3 96.04 - 96.04 71.48 - 71.48
Total Incoming
Resources
61,042.54 - 61,042.54 26,529.93 - 26,529.93
Resources Expended
Costs of Generating
Funds
Costs of Generating
VoluntaryIncome
- - - - - -
Governance Costs - - - - - -
Other resources expended 62,583.15 - 62,583.15 23,031.80 - 23,031.80
Total Resources
Expended
62,583.15 - 62,583.15 23,031.80 - 23,031.80
Net incoming /
(outgoing) Resources
-1,540.61 - -1,540.61 3,498.13 - 3,498.13
Reconciliation of Funds
Total Funds brought
forward
21,872.14 21,872.14 18,374.01 18,374.01
TOTAL FUNDS
CARRIED FORWARD
£20,331.53 £20,331.53 21,872.14 21,872.14

The notes form part of these financial statements.

- 5 -

The Trails Trust

Balance Sheet as at 31 March 2023

2023 2023 2023 2023 2022 2022 2022 2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
Notes £ £ £ £ £ £
CURRENT
ASSETS
Prepayments &
accrued income
- - - - - -
Cash at Bank 20,331 20,331 21,872 21872
NET CURRENT
ASSETS
20,331 20,331 21,872 21,872
TOTAL ASSETS
LESS CURRENT
LIABILITIES
20,331 20,331 21,872 21,872
NET ASSETS 20,331 20,331 21,872 21,872
FUNDS
Unrestricted funds 20,331 20,331 21,872 21,872
Restricted funds
TOTAL FUNDS 20,331 20,331 21,872 21,872

The notes form part of these financial statements.

- 6 -

The Trails Trust

Balance Sheet (continued) At 31 March 2023

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
2022 2023
£ £
Fundraising events
0 0
INVESTMENT INCOME 2022 2023
£ £
Deposit Account Interest 71 96

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.

2022 2023
£ £
Trustees’ Expenses - -
STAFF COSTS 2022 2023
£ £
Wages and salaries - -
MOVEMENT IN FUNDS
Net
movement
At 01.04.22 in funds At 31.03.23
£ £ £
Unrestricted funds
General fund 21,872 -1,541 20,331
Restricted funds
Restricted funds
- -
TOTAL FUNDS 21,872 20,331
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
Resources Expended in funds
£ £ £
Unrestricted funds
General fund 61.042 62,583 3498
Restricted funds
Restricted funds - - -
TOTAL FUNDS 61,042 62,583 -1,541

The notes form part of the financial statements

- 9 -

The Trails Trust

2023 2022
£ £
INCOMING RESOURCES
Voluntary Income (Contracts) 59895.50 18308
0 0
Donations 0 7035
Grants 0 0
Subscriptions 1051 1115
Activities for generating funds 60946.4 26458
Fundraising Events 0 0
Investment Income
Deposit incoming interest 96.04 71
Total incoming resources 61042.54 26529
RESOURCES EXPENDED
Costs of generating voluntary income
Sundries 0 0
Governance costs
Legal fees & bank charges 0 7
Support Costs
Management
Trustee's expenses 0 0
IT 232.22 196
Expenses 30.98 185
Finance
Insurance 924.45 947
Other
Maintenance 0 1160
Events 0 0
Project expenses 0 0
Consultancy Services 1900 0
Facilitation (Defra T&T) 59,495.50 20,536
Total resources expended 62,583.15 23,031
Net (expenditure)/income -1540.61 3498

The notes form part of the financial statements

- 10 -

The Trails Trust Indepelldent Ex4rniDer's Report to th¢ Trustees of The Trnils Tru I repoTt on ihe aLVOUllts for the year ended 31 March 2023 w out on pAge¥ tive to tiinc. Respeellve re%pons5bllities of trusteei #lld ex*miDer Thc Lhuriiy'¥ Iru%leeq (who alyA) dirccl()rs for pun￿￿¢$ ()f c()mpany law) rLypi)ngible l()r ihc prLparition the 4ccounl4. The LhaTily'¥ Ini4ics Lonsid¥J' Iha( audil 1.% tJ(71 re4uirLxi fc)[ this y¢ai {ui)der SeLIi4)n 144(21 of Ihe Cliarilies ALI 2011 Ithe 2011 ALI) and ihai ittdepKndenl examiiutloll iy rcquir¢d. Ilaving 8aii%fi¢d my%klf (hai th¢ Lb￿]ry iy n(>1 qubj¢LI li) audit under conjpatiy law is elI￿1b]e ftsr ind¢pend¢ni examinalion. it iy iny responsibility k().. ExamiThc ihc 11CLOUDl% un(ler Section 14.5 of Ihtt 2011 All ro follow lh¢ tYoc¢dutt% laiit down in thv CILnctal DircclioiJ$ 8ivm hy ihc Charity (".ommi88ion lundcr Seelion 14515llbl ol. IhL 201 l Acl}' and T(Tr $141¥ wh¢th¥r particular mait¢r4 hav¢ Loine l(Imy thitL'NIl(￿. BAsly of the IndependeDI ex8mlner'• report My ¢xaminatiun WA¥ ¢atrL¢d i)Ul in accordance wlih iht GL'nLYal dircclioDY givLn by th¢ C'.harity ComtlliYSLon. An ¥x&min4litsn ii)¢ludc% & T￿IrW ol Ihc UCLouniin8 rccord4 kepi by It￿ elmrily a￿1 a ciunpariyot) iTrfihc accoun1% pi'¢4ciilcd willi Ih(14L recnrds. 11 Jl%o include% LCwi%ider￿ltlI1n nt. aiiy imu5ual ileiny Dr Lli¥cloyurLy in Ihe aL¢I)uni%, and sLLkn'ng ¢xpl4nJtivny froni you #q Irusl¢¢s LoiiL¢rniiig any yuch Inaii¥r%. TlieproLedurL8 i1ndcr1AkL￿ d(¥ noi pri)vidL all lh¥ ¥vid¥ncL that would be rc4uired iii an oudii, nnd ¢on9¢4u¢'Thily nil ()piiiion i¥ givcii lo whether the aL¢Duni$ prex'tii a 'lnJ¢ rtiir view. and Ilje rep(>rt ig liinilLd 10 Iho%e maiiLry sei oui iii thL &lalLinLnls beluw. l￿dePendent ex•mlner'$ it8temtnt In Lurniillion wilh iny LxaJnind1io￿ no inalt¢r hu5 LUrnL l() my all¢'iilion'. I I I which 8iv¢s me rea#onAbl¢ ca￿￿. lo beli¥yc ihul. irt any inalu'iul rL￿Pl￿1. th¢ r¢quiT¢m¢nly lo k¢cp accounting reLufLts in ￿COrd￿n¢￿' with scci1￿5 3Xfv3¥7 0l.ihc C.'oinpllnie8 ALI 2006; aNJ lo pr¥pdr¥ J¢ii)unl8 whi¢h iLii)rd wilh lh¥ aLLiiuJilirig TCL(Irds. L(?Jnply wiilj ihL aLcounling r¢'quir¢inen15 of $ccli()ny 394-3115 LifthL C()IFipanie¥ ALt 2￿ £llllt wilh th¥ meih(yJs and prinLipILY of tlic Stal¢inwnt of ReLomniendcd PraclLCC.' ALrounting and Re￿)llirtg by L'l￿rItil￿. have noi been mel, or Iny opinion, Iilliniion be drawn in order lo ¢nabl¢ J prop¢r under41dtKling ofihe oL'COLinly lo Sign¢d R Tobias%