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2024-03-31-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

2023-2024 Trustee Report

The trustees for the year 2023- 2024 were Paul Hooper OBE (Chairman), Hannah Gardner (Vice Chairman), Jennifer Ham, Greg Glendell, Miranda Fyfe, Sally Whittaker, Fiona Powell, Andrew Combes, Sonia Kundu and Lachlan Wilson. The TTT consultants were: Rachel Thompson and Lynn Myland.

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 2023 – 24.

Partnership with Defra ELMs test and trial T159A

The main focus for this period has been the continuation of the environment land management test incentivising green infrastructure public access and biodiversity creation in land management’. The TTT Mendip test team is working with landowner participants and stakeholders from private, public and third sectors to 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 test is due to complete later in 2024.

Lobbying for improved access

Lobbying national and local government for improved access for all has continued throughout the year. The main focus nationally has been reversal of the planned 2031 cut off date to record historic paths, amendments to some negative effects of the Deregulation Bill, for access to forestry to be free for all users and for new access either upgraded or created to be permanent, not permissive.

National Partnerships and forums

This year TTT joined the WCL Nature for everyone lobby campaign, the Access & Engagement (Defra) Forum which focussed on the 15 minutes’ walk to greenspace policy. TTT also continued working with other organisations including British Horse Society and Cycling UK, Farming in Protected Landscapes panels supporting access projects, local access forums and Local Community Networks.

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.

Members and volunteers Forum

Throughout the year TTT continued to offer bi-monthly member forums and periodic railway path forums, so that members and others are able to share information, process, good practice and issues.

Access routes and infrastructure

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

Paul J Hooper OBE Chairman

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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 2024 For THE TRAILS TRUST

1

The Trails Trust Contents of the Financial Statements For the Year Ended 31 March 2024

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 2024

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 2024. 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 Miranda Fyfe Andrew Combes Company Secretary Rachel Thompson MBE Independent Examiner Nordic Accountancy Limited (Rick Tobiasson)

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

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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

Rick Tobiasson

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5

The Trails Trust

Statement of Financial Activities for the year ended 31 March 2024

2024 2024 2024 2024 2023 2023 2023 2023
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
Notes £ £ £ £ £ £
Incoming
Resources
Incoming
resources from
generated funds
Voluntary
Income
55935.90 - 55935.90 60,946.50 - 60,946.50
Activities for
generating funds
2 - - - - - -
Investment
Income
3 180.16 - 180.16 96.04 - 96.04
Total Incoming
Resources
56,116.06 - 56,116.06 61,042.54 - 61,042.54
Resources
Expended
Costs of
Generating
Funds
- - - - - -
Costs of
Generating
Voluntary
Income
- - - - - -
Governance
Costs
- - - - - -
Other resources
expended
62,583.15 - 62,583.15
Total
Resources
Expended
62,017.99 62,583.15 - 62,583.15
Net incoming /
(outgoing)
Resources
-5,901.93 -1,540.61 - -1,540.61
Reconciliation
of Funds
Total Funds
brought forward
20,331.53 20,331.53 21,872.14 21,872.14
TOTAL
FUNDS
CARRIED
FORWARD
£14,429.60 £20,331.53 £20,331.53

The notes form part of these financial statements.

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The Trails Trust

Balance Sheet

as at 31 March 2024

2024 2024 2024 2024 2024 2023 2023 2023 2023
Unrestricted
Funds
Restricted
Funds
Total Funds Unrestricted
Funds
Restricted
Funds
Total
Funds
Notes £ £ £ £ £ £
CURRENT
ASSETS
Prepayments &
accrued income
- - - - - -
Cash at Bank 14,429 14,429 20,331 20,331
NET CURRENT
ASSETS
14,429 14,429 20,331 20,331
TOTAL ASSETS
LESS CURRENT
LIABILITIES
14,429 14,429 20,331 20,331
NET ASSETS 14,429 14,429 20,331 20,331
FUNDS
Unrestricted funds 14,429 14,429 20,331 20,331
Restricted funds
TOTAL FUNDS 14,429 14,429 20,331 20,331

The notes form part of these financial statements.

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The Trails Trust

Balance Sheet (continued) At 31 March 2024

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2024 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

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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

2023 2024
£ £
Fundraising events
0 0
INVESTMENT INCOME 2023 2024
£ £
Deposit Account Interest 96 180

The notes form part of the financial statements

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The Trails Trust

TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2024.

2023 2024
£ £
Trustees’ Expenses - -
STAFF COSTS 2023 2024
£ £
Wages and salaries - -
MOVEMENT IN FUNDS
Net
movement
At 01.04.23 in funds At 31.03.24
£ £ £
Unrestricted funds
General fund 20,331 -5,901 14,429
Restricted funds
Restricted funds
- -
TOTAL FUNDS £20,331 £14,429
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
Resources Expended in funds
£ £ £
Unrestricted funds
General fund 56,116 62,017 5901
Restricted funds
Restricted funds - - -
TOTAL FUNDS £56,116 £62,017 -£5901

The notes form part of the financial statements

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The Trails Trust

The Trails Trust
2024 2023
£ £
INCOMING RESOURCES
Voluntary Income (Contracts) 54978.90 59895.50
0 0
Donations 0 0
Grants 0 0
Subscriptions 957 1051
Activities for generating funds 55935.90 60946.4
Fundraising Events 0 0
Investment Income
Deposit incoming interest 180.16 96.04
Total incoming resources 56116.06 61042.54
RESOURCES EXPENDED
Costs of generating voluntary income
Sundries 0 0
Governance costs
Legal fees & bank charges 0 0
Support Costs
Management
Trustee's expenses 0 0
IT 77.94 232.22
Expenses 158 30.98
Finance
Insurance 803.15 924.45
Other
Maintenance 0 0
Events 0 0
Project expenses 0 0
Consultancy Services 0 1900
Facilitation (Defra T&T) 60,978.90 59,495.50
Total resources expended 62,017.99 62,583.15
Net (expenditure)/income -5901.93 -1540.61

The notes form part of the financial statements

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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 2024 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 Rick Tobiasson

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The Trails Trust