CHARITY REGISTRATION NUMBER: 1104700 

## The Keepers Trust Unaudited Financial Statements 

31 March 2021 

MILLER DAVIES LLP Chartered accountants A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN 



The Keepers Trust 

## Financial Statements 

## Year ended 31 March 2021 

||Pages|Pages|
|---|---|---|
|Trustees’ annual report||1 to 3|
|Independent examiner's report to the trustees||4,|
|Statement of financial activities||5|
|Statement of financial position||6|
|Notes to the financial statements|7|to 13|
|The following pages do not form part ofthe financial|statements||
|Detailed statement of financial activities||15|
|Notestothedetailedstatementoffinancialactivities||16|





The Keepers Trust 

## Trustees’ Annual Report 

## Year ended 31 March 2021 

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2021. 

## Reference and administrative details 

|Registered charity name|The Keepers Trust|
|---|---|
|Charity registration number|1104700|
|Principal office|Flat3 &4|
||55 Drayton Gardens|
||London|
||SW10SRU|



## The trustees 

The trustees who held office during the year, all of whom are members of the executive committee are: 

|MrA<br>Little|(Chair)|
|---|---|
|MrsJ Little||
|MrA Courage||
|Mrs S Courage||
|MrGMantle||



Independent examiner Martin Davies FCA Independent examiner and Chartered Accountant ICAEW 

## Structure, governance and management 

The charity is an unincorporated entity which is governed and managed by the executive committee. Potential committee members are interviewed by the committee and if approved are appointed onto the committee. 

The governing document of the charity is a declaration of Trust dated 1st June 2004. 

1 



## The Keepers Trust Trustees’ Annual Report (continuea) Year ended 31 March 2021 

## Objectives and activities 

The Keepers Trust land is a nature reserve with its sole aim to preserve, protect and improve the native indigenous flora and fauna. 

With advice from Wiltshire Wildlife Trust, the Keepers Trust continues to manage the land and with special advice on the land's SSSI area from Natural England. 

## The charitable objectives continue to be: 

To advance public education and research into flora and fauna and other aspects of the physical and natural environment (including the publication of the useful results of such research). To promote the conservation, protection and improvement of the physical and natural environment for the benefit of the public and in particular (but without prejudice to the generality of the foregoing) to promote the establishment and maintenance of nature reserves. 

The continued maintenance and improvement of the existing bridle path way in co-operation with the local Byways Officer. 

## Statement of Public Benefit 

The committee confirm that they have complied with the duty of the Charity Act 2011 to have due regard to public benefit in delivering the activities of the Trust. The charity preserves and enhances the natural environment and maintains the public bridle pathway for public use and enjoyment. 

## Achievements and performance 

The trust received donations of £69,866 during the year (£65,000 - 2020). 

The continuing work on the trust land is as follows: 

During the past year of COVID restrictions, we have been able to maintain the running of the trust with administrative work being furloughed and working from home when possible. Our land manager has been able to maintain safe working conditions working independently on the trust land. The maintenance of the SSSI Down land continues with little disruption and with the advice from Natural England. 

The valley and Truckle Hill, formerly nitrate improved commercial grassland, is being cut for hay each year to return the soil to its natural condition for all native herb and grass plants. This is proving to be a continuing success with each years maintenance. 

Further coppicing and selective tree thinning will be carried out in the winter months to improve the habitat for butterflies and wildlife. 

Fencing and redefining land areas will be carried out during 2022, which will be a lengthy process. 

The work of restoring the trust land to its natural former environmental condition is visible by the increase of wildlife diversity which is very encouraging and the continued archaeology study will add new insights into the British Roman era. 

2 



The Keepers Trust 

Trustees’ Annual Report (continuea) 

## Year ended 31 March 2021 

## ee 

## Financial review 

The executive committee has set out the financial statements of the charity on pages 5 to 13. 

The charity received £69,866 from donations during the year. At the year end the funds available to the charity which had not been expensed were £47,086 (£12,189 - 2020). 

It is the policy of the Trustees to maintain reserves at a level to enable it to be administered effectively, to meet its short-term expenditure requirements and to have adequate resources to fund its charitable objectives. In establishing this policy the Trustees have considered the nature of its incoming resources, which are mainly from donations. The level of reserves is subject to periodic review when considering changes to the charity's activities and requirements. 

## These funds available are expected to be used within the next financial period. 

The trustees’ annual report was approved on 21 January 2022 and signed on behalf of the board of trustees by: 

By order of the trustees, 

Ancony Little Antony LittTé (Jan 24, 2022 15:21 GMT) 

Mr A Little Chair 

3 



## The Keepers Trust 

## Independent Examiner's Report to the Trustees of The Keepers Trust Year ended 31 March 2021 creweerste gareeerste gare gare canna 

creweerste gareeerste gare gare canna sccipecscesigemeonmecccesisne:, | report to the trustees on my examination of the financial statements of The Keepers Trust (‘the charity’) for the year ended 31 March 2021. 

## Responsibilities and basis of report 

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

| report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## Independent examiner's statement 

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

   1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

   2. the financial statements do not accord with those records; or 

3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. 

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 


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Martin i 

Independent examiner and Chartered Accountant ICAEW 

A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN 

21 January 2022 

4 



The Keepers Trust 

## Statement of Financial Activities 

## Year ended 31 March 2021 

|||2021|2021|2020|
|---|---|---|---|---|
|||Unrestricted|||
|||funds|Totalfunds|Total funds|
||Note|£|E|£|
|Income and endowments|||||
|Donations and legacies|4|86,116|86,116|103,283|
|Charitable activities|5|17,308|17,308|—|
|Total income||103,424|103,424|103,283|
|Expenditure|||||
|Expenditure on charitable activities|6,7|68,527|68,527|113,665|
|Total expenditure||68,527|68,527|113,665|
|Net income/(expenditure) and netmovement infunds||34,897|34,897|(10,382)|
|Reconciliation offunds|||||
|Total funds brought forward||12,189|12,189|22,571|
|Totalfundscarriedforward||47,086|47,086|12,189|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

The notes on pages 7 to 13 form part of these financial statements. 

5 



The Keepers Trust 

## Statement of Financial Position 

## 31 March 2021 

|31 March 2021|31 March 2021|31 March 2021|31 March 2021|
|---|---|---|---|
|ge||||
|||2021|2020|
||Note|£|£|
|Fixed assets||||
|Tangible fixed assets|13|-|4,120|
|Current assets||||
|Debtors<br>Cash at bank and in hand|14|2,206<br>48,486|oa<br>11,381|
|||50,692|11,381|
|Creditors: amounts falling due within one year|15|3,606|3,312|
|Net current assets||47,086|8,069|
|Total assets less current liabilities||47,086|12,189|
|Net assets||47,086|12,189|
|Funds of the charity||||
|Unrestricted funds||47,086|12,189|
|Totalcharityfunds|17|47,086|12,189|



These financial statements were approved by the board of trustees and authorised for issue on 21 January 2022, and are signed on behalf of the board by: 

Antony Little Antony Litt (Jan 24, 2022 15:21 GMT) Mr A Little Chair 

Charity registration number: 1104700 

The notes on pages 7 to 13 form part of these financial statements. 

6 



## The Keepers Trust Notes to the Financial Statements Year ended 31 March 2021 

1. General information 

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Flat 3 & 4, 55 Drayton Gardens, London, SW10 9RU. 

2. Statement of compliance 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. 

3. Accounting policies 

## Basis of preparation 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## Going concern 

There are no material uncertainties about the charity's ability to continue. 

## Judgements and key sources of estimation uncertainty 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## Fund accounting 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

## Income recognition 

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

7 



## The Keepers Trust Notes to the Financial Statements (continued) Year ended 31 March 2021 eee 3. Accounting policies (continued) 

## Income recognition (continued) 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

- - income from gift aid generated from donations is recognised only when the HMRC payment is received and is not recognised on an accruals basis. 

- - income from the Government Coronavirus Job Retention Scheme (see Note 5) is recognised from the day of receipt. 

## Expenditure 

Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- ° expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. 

- e expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- ° other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

## Tangible assets 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

## **e** e 

## ee 

8 



The Keepers Trust Notes to the Financial Statements (continued) 

## Year ended 31 March 2021 

## ee 

## 3. Accounting policies (continued) 

## Depreciation 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

## Motor vehicles 

- 20% straight line 

## Financial instruments 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. 

## Defined contribution plans 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 

## 4. Donations and legacies 

||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|2021|Funds|2020|
||£|£|£|a|
|Donations|||||
|Donations|69,866|69,866|65,000|65,000|
|HMRC Gift Aid|16,250|16,250|38,283|38,283|
||86,116|86,116|103,283|103,283|



## 5. Charitable activities 

|||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds||2021|Funds||2020|
|||||£||£|£||£|
|Coronavirus|Job|Retention|Scheme|17,308||17,308|~||-|



9 



## The Keepers Trust 

## Notes to the Financial Statements (continuea) 

## Year ended 31 March 2021 

|6.|Expenditure on charitable activities by fund type|Expenditure on charitable activities by fund type|||||
|---|---|---|---|---|---|---|
|||Unrestricted|Total|Funds|Unrestricted|Total Funds|
|||Funds||2021|Funds|2020|
|||£||£|£|£|
||Management and maintenance of trust||||||
||estate land|65,777||65,777|111,327|111,327|
||Support costs|2,750||2,750|2,338|2,338|
|||68,527||68,527|113,665|113,665|
|7.|Expenditure on charitable activities by activity type||||||
|||Activities|||||
|||undertaken|Support||Total funds|Total fund|
|||directly||costs|2021|2020|
|||£||£|£|E|
||Management and maintenance of trust||||||
||estate land|65,777||_|65,777|111,327|
||Governance costs|—||2,750|2,750|2,338|
|||65,777||2,750|68,527|113,665|
|8.|Analysis ofsupport costs||||||
|||Independent||Other|||
|||examination|accountancy||||
|||fees||costs|Total 2021|Total 2020|
|||£||£|£|£|
||Staff costs|-||1,000|1,000|588|
||Governance costs|1,750||-|1,750|1,750|
|||1,750||1,000|2,750|2,338|
|9.|Net income/(expenditure)||||||
||Net income/(expenditure) is stated after|charging/(crediting):|||||
||||||2021|2020|
||||||£|£|
||Depreciation of tangible fixed assets||||4,120|4,120|
|10.|Independent examination fees||||||
||||||2021|2020|
||||||£|£|
||Fees payable to the independent examiner for:||||||
||Independentexaminationofthefinancialstatements||||1,750|1,750|



10 



## The Keepers Trust Notes to the Financial Statements (continuea) 

## Year ended 31 March 2021 

## 11. Staff costs 

The total staff costs and employee benefits for the reporting period are analysed as follows: 

||2021|2020|
|---|---|---|
||£|£|
|Wages and salaries|55,092|56,992|
|Social security costs|1,182|2,488|
|Employer contributions to pension plans|1,278|1,341|
||57,552|60,821|



The average head count of employees during the year was 2 (2020: 2). 

No employee received employee benefits of more than £60,000 during the year (2020: Nil). 

## 12. Trustee remuneration and expenses 

Staff costs are in respect of the management and maintenance of the trusts' estate. No remuneration or expenses are paid to any of the charity's trustees. 

## 13. Tangible fixed assets 

||||Motor|
|---|---|---|---|
||||vehicles|
||||£|
||Cost|||
||At 1 April 2020 and 31 March 2021||20,600|
||Depreciation|||
||At 1 April 2020||16,480|
||Charge for the year||4,120|
||At 31 March 2021||20,600|
||Carrying amount|||
||At 31 March 2021||oF|
||At 31 March 2020||4,120|
|14.|Debtors|||
|||2021|2020|
|||£|£|
||Other debtors|2,206|_s|
|15.|Creditors: amounts falling due within one year|||
|||2021|2020|
|||£|£|
||Trade creditors|264|229|
||Accruals and deferred income|1,750|1,500|
||Other creditors|1,592|1,583|
|||3,606|3,312|



11 



The Keepers Trust 

Notes to the Financial Statements (continuea) 

## Year ended 31 March 2021 

## a, 

16. Pensions and other post retirement benefits 

## Defined contribution plans 

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,278 (2020: £1,341). 

## 17. Analysis of charitable funds 

||Unrestricted funds||||||
|---|---|---|---|---|---|---|
||||At|||At 31 March|
|||1 April 2020||Income|Expenditure|2021|
|||£||£|£|if|
||General funds|12,189||103,424|(68,527)|47,086|
||||At|||At 31 March|
|||1 April 2019||Income|Expenditure|2020|
|||£||£|£|E|
||General funds|22,571||103,283|(113,665)|12,189|
|18.|Analysis of net assets between funds||||||
||||||Unrestricted|Total Funds|
||||||Funds|2021|
||||||£|E|
||Tangible fixed assets||||_|~|
||Current assets||||50,692|50,692|
||Creditors less than 1 year||||(3,606)|(3,606)|
||Net assets||||47,086|47,086|
||||||Unrestricted|Total Funds|
||||||Funds|2020|
||||||£|£|
||Tangible fixed assets||||4,120|4,120|
||Current assets||||11,381|11,381|
||Creditors less than 1 year||||(3,312)|(3;312)|
||Net assets||||12,189|12,189|
|19.|Financial instruments||||||
||The carrying amount for each category of|financial|instrument is as follows:||||
||||||2021|2020|
||||||£|£|
||Financial assets measured at fair value through||income|and expenditure|||
||Financial assets measured at fair value through income and||||||
||expenditure||||48,486|11,381|



12 



The Keepers Trust 

## Notes to the Financial Statements (continuea) 

## Year ended 31 March 2021 

|19.|Financial instruments (continued)|||
|---|---|---|---|
|||2021|2020|
|||£|£|
||Financial liabilities measured at fairvalue through income and expenditure|||
||Financial liabilities measured at fair value through income and|||
||expenditure|3,606|3,312|



13 



The Keepers Trust 

Management Information 

Year ended 31 March 2021 

The following pages do not form part of the financial statements. 

14 



The Keepers Trust 

## Detailed Statement of Financial Activities 

## Year ended 31 March 2021 

||2021|2020|
|---|---|---|
||£|£|
|Income and endowments|||
|Donations and legacies|||
|Donations|69,866|65,000|
|HMRC Gift Aid|16,250|38,283|
||86,116|103,283|
|Charitable activities|||
|Coronavirus Job Retention Scheme|17,308|-|
|Total income|103,424|103,283|
|Expenditure|||
|Expenditure on charitable activities|||
|Wages and salaries|55,092|56,992|
|Employer's NIC|1,182|2,488|
|Pension costs|1,278|1,341|
|Repairs and maintenance|3,470|44,347|
|Insurance|626|848|
|Legal and professional fees|2,750|3,529|
|Depreciation|4,120|4,120|
|Other interest payable and similar charges|9|—|
||68,527|113,665|
|Total expenditure|68,527|113,665|
|Netincome/(expenditure)|34,897|10,382|



15 



The Keepers Trust 

## Notes to the Detailed Statement of Financial Activities 

## Year ended 31 March 2021 

||2021|2020|
|---|---|---|
||£|£|
|Expenditure on charitable activities|||
|Management and maintenance of trust estate land|||
|Activities undertaken directly|||
|Wages/salaries|55,092|56,992|
|Employer's NIC|1,182|2,488|
|Pension costs|1,278|1,341|
|Repairs & maintenance|3,470|44,347|
|Insurance|626|848|
|Legal and professional fees|-|1,191|
|Depreciation|4,120|4,120|
|Other interest payable and similar charges|9|_|
||65,777|111,327|
|Governance costs|||
|Governance costs - independent examiners fees|1,750|1,750|
|Governance costs - other professional fees|1,000|588|
||2,750|2,338.|
|Expenditureoncharitableactivities|68,527|113,665|



16