CHARITY REGISTRATION NUMBER: 1104700
The Keeper's Trust Unaudited Financial Statements 31 March 2024
MILLER DAVIES LLP Chartered accountants A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN
The Keeper's Trust
Financial Statements
Year ended 31 March 2024
| Pages | Pages | |
|---|---|---|
| Trustees’ annual report | 1 to 3 | |
| Independent examiner's report to the trustees | 4 | |
| Statement of financial activities | 5 | |
| Statement offinancial position | 6 | |
| Notes to the financial statements | 7 | to 13 |
| The following pages do notform part ofthe financial | statements | |
| Detailed statement of financial activities | 15 | |
| Notestothedetailedstatementoffinancialactivities | 16 |
The Keeper's Trust
Trustees’ Annual Report
Year ended 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Chair's report
Mr A Little (founding trustee) has been handing over responsibility of the day to day running of The Keeper's Trust and its land to Mr A Courage (trustee). Mr Little stood down as chair on 1st March 2024 with Mr A Courage taking over the position of Chair of the Trustees. Mr Courage and Mrs Courage (both Trustees) will work together to build on Mr Little's vision of a Nature Reserve for future generations. Mr Little continued to support in an advisory capacity sharing his knowledge of the past 20 years land management of the trust land up until his untimely death on 24th December 2024.
With the consent of interested parties, in February 2024, Mr Mantle resigned as a trustee. Mr Mantle was instrumental in helping to set up the trust in 2004 and the Trust thanks him for his assistance over the years.
Reference and administrative details
| Registered charity name | The Keeper's Trust | |
|---|---|---|
| Charity registration number | 1104700 | |
| Principal office | Flat 3 & 4 | |
| 55 Drayton Gardens | ||
| London | ||
| SW10 9RU | ||
| The trustees | MrA Courage (Chair) | |
| Mrs S Courage | ||
| MrA Little |
(Deceased 24 December 2024) | |
| MrG Mantle | (Resigned 13 February 2024) | |
| Independent examiner | Martin Davies FCA Independent | examiner and Chartered |
| AccountantICAEW |
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 ist June 2004.
| | | | | | | |
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The Keeper's Trust
Trustees’ Annual Report (continueg)
Year ended 31 March 2024
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 £99,429 during the year (£184,051 - 2023).
The continuing work sn the trust land is as follows:
The maintenance of the SSSI Down land continues with advice from Natural England. A meeting was held with Natural England and Graziers and draft a strategic plan is being prepared.
The valley and Truckle Hill, formerly nitrate improved commercial grassland, has been cut for hay each year to return the soil to its natural condition for all native herb and grass plants.
The coppicing and selective tree thinning work continues to be carried out in the winter months to improve the habitat for butterflies and wildlife.
Fence maintenance and woodland management continued through the year.
A meeting took place with the Wiltshire Council Public Rights of Way Officer, to agree strategy for signage and management of Public Rights of Way.
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The Keeper's Trust
Trustees’ Annual Report (continued)
Year ended 31 March 2024
Financial review
The executive committee has set out the financial statements of the charity on pages 5 to 13.
The charity received £99,429 from donations during the year. At the year end the funds available to the charity which had not been expensed were £28,028 (£58,276 - 2023).
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.
The funds available are expected to be used within the next financial period.
The trustees’ annual report was approved on 11 February 2025 and signed on behalf of the board of trustees by:
AmosAmos Courage Courage(Feb 11, 2025 14:56 —_GMT+1) Mr A Courage (Chair) Trustee
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The Keeper's Trust
Independent Examiner's Report to the Trustees of The Keeper's Trust
Year ended 31 March 2024
| report to the trustees on my examination of the financial statements of The Keeper's Trust (‘the charity’) for the year ended 31 March 2024.
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 compieted 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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements did not accord with those records; or
-
the financial statements did 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.
i 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.
Martin Davies FCA
Independent examiner and Chartered Accountant ICAEW
A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN
11 February 2025
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The Keeper's Trust
Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Totalfunds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 126,402 | 126,402 | 194,051 |
| Total income | 126,402 | 126,402 | 194,051 | |
| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | 156,650 | 156,650 | 145,769 |
| Total expenditure | 156,650 | {56,650 | 145,769 | |
| Net (expenditure)/income and netmovement in funds | (30,248) | (30,248) | 48,282 | |
| Reconciliation offunds | ||||
| Total funds brought forward | 58 276 | 58,276 | 9,994 | |
| Totalfundscarriedforward | 28,028 | 28,028 | 58,276 |
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.
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The Keeper's Trust
Statement of Financial Position
31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 12 | 8,280 | 9,720 |
| Current assets | |||
| Debtors | 13 | - | 883 |
| Cash at bank and in hand | 29,553 | 53,870 | |
| 29,553 | 54,753 | ||
| Creditors: amounts falling due within one year | 14 | 9,805 | 6,197 |
| Net current assets | 19,748 | 48,556 | |
| Total assets less current liabilities | 28,028 | 58,276 | |
| Net assets | 28,028 | 58,276 | |
| Funds of the charity | |||
| Unrestricted funds | 28,028 | 58,276 | |
| Totalcharityfunds | 16 | 28,028 | 58,276 |
These financial statements were approved by the board of trustees and authorised for issue on 11 February 2025, and are signed on behalf of the board by:
AmosAmos CourageCourage(Feb 11, 2075 14:56 GMT+1}
Mr A Courage (Chair) Trustee
Charity registration number: 1104700
The notes on pages 7 to 13 form part of these financial statements.
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The Keeper's Trust
Notes to the Financial Statements
Year ended 31 March 2024
- 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.
- 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 projects or commitments.
Restricted funds are subject 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
Ali 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:
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The Keeper's Trust
Notes to the Financial Statements (continueg)
Year ended 31 March 2024
3. Accounting policies (continued)
Income recognition (continued)
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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.
Expenditure
Expenditure is recognised on an accruals basis as a 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.
-
® 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.
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° 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.
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The Keeper's Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2024
- 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.
- Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 99,429 | 99,429 | 184,051 | 184,051 |
| HMRC Gift Aid | 26,973 | 26,973 | 10,000 | 10,000 |
| 126,402 | 126,402 | 194,051 | 194,051 |
- Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Management and maintenance of trust | ||||
| estate land | 154,100 | 154,100 | 143,231 | 143,231 |
| Support costs | 2,550 | 2,950 | 2,538 | 2,038 |
| 156,650 | 156,650 | 145,769 | 145,769 |
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The Keeper's Trust
Notes to the Financial Statements (continueg
Year ended 31 March 2024
6. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Management and maintenance of trust | |||||
| estate land | 154,100 | - | 154,100 | 143,231 | |
| Governance costs | - | 2,550 | 2,550 | 2,538 | |
| 154,100 | 2,550 | 156,650 | 145,769 | ||
| 7. | Analysis ofsupport costs | ||||
| Independent | Other | ||||
| examination | accountancy | ||||
| fees | costs | Total 2024 | Total 2023 | ||
| £ | £ | £ | £ | ||
| Staff costs | - | 700 | 700 | 688 | |
| Governance costs | 1,850 | - | 1,850 | 1,850 | |
| 1,850 | 700 | 2,550 | 2,538 | ||
| 8. | Net (expenditure)/income | ||||
| Net (expenditure)/income is stated after | charging/(crediting): | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Depreciation oftangible fixed assets | 3,690 | 3,240 | |||
| 9. | Independent examination fees | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independentexaminationofthefinancialstatements | 1,850 | 1,850 |
10. Staff costs
The average head count of employees during the year was 2 (2023: 2).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
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The Keeper's Trust
Notes to the Financial Statements (continueq
Year ended 31 March 2024
11. Trustee remuneration and expenses
Staff costs are in respect of the management and maintenance of the trusts’ estate.
No remuneration, or expenses, is paid to any of the charity's trustees.
12. Tangible fixed assets
| Motor | |||
|---|---|---|---|
| vehicles | |||
| £ | |||
| Cost | |||
| At 1 April 2023 | 36,800 | ||
| Additions | 2,250 | ||
| At 31 March 2024 | 39,050 | ||
| Depreciation | |||
| At 1 April 2023 | 27,080 | ||
| Charge for the year | 3,690 | ||
| At 31 March 2024 | 30,770 | ||
| Carrying amount | |||
| At 31 March 2024 | 8,280 | ||
| At 31 March 2023 | 9,720 | ||
| 13. | Debtors | ||
| 2024 | 2023 | ||
| £ | gE | ||
| Other debtors | - | 883 | |
| 14. | Creditors: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors | - | 247 | |
| Accruals and deferred income | 3,700 | 1,850 | |
| Social security and other taxes | 1,637 | 2,080 | |
| Other creditors | 4,468 | 2,020 | |
| 9,805 | 6,197 |
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The Keeper's Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2024
15. 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 £1,640 (2023: £1,649).
16. Analysis of charitable funds
Unrestricted funds
| At | 1 April | At 31 March | At 31 March | ||||
|---|---|---|---|---|---|---|---|
| 2023 | Income | Expenditure | 2024 | ||||
| £ | £ | £ | £ | ||||
| General | funds | 58,276 | 126,402 | (156,650) | 28,028 | ||
| At | 1 April | At | 31 March | ||||
| 2022 | Income | Expenditure | 2023 | ||||
| £ | £ | £ | £ | ||||
| General | funds | 9,994 | 194,051 | (145,769) | 58,276 |
17. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2024 | |
| £ | £ | |
| Tangible fixed assets | 8,280 | 8,280 |
| Current assets | 29,553 | 29,553 |
| Creditors less than 1 year | (9,805) | (9,805) |
| Net assets | 28,028 | 28,028 |
| Unrestricted | Total Funds | |
| Funds | 2023 | |
| £ | £ | |
| Tangible fixed assets | 9,720 | 9,720 |
| Current assets | 54,753 | 54,753 |
| Creditors less than 1 year | (6,197) | (6,197) |
| Netassets | 58,276 | 58,276 |
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The Keeper's Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2024
18. Financial instruments
| The carrying amount for each category offinancial instrument is as follows: | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Financial assets measured at fair value through income and expenditure | ||
| Financial assets measured at fairvalue through income and | ||
| expenditure | 29,553 | 54,753 |
| Financial liabilities measured at fair value through income and expenditure | ||
| Financial liabilities measured at fair value through income and | ||
| expenditure | 8,168 | 4,118 |
13
The Keeper's Trust
Management Information
Year ended 31 March 2024
The following pages do not form part of the financial statements.
14
The Keeper's Trust
Detailed Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 99,429 | 184,051 |
| HMRC Gift Aid | 26,973 | 10,000 |
| 126,402 | 194,051 | |
| Total income | 126,402 | 194,051 |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 67,135 | 67,433 |
| Employer's NIC | 41,754 | 2,153 |
| Pension costs | 1,640 | 1,649 |
| Land maintenance costs | 2,800 | 11,300 |
| Repairs and maintenance | 76,092 | 54,246 |
| Insurance | 582 | 599 |
| Legal and professional fees | 2,950 | 5,105 |
| Depreciation | 3,690 | 3,240 |
| Other interest payable and similar charges | 7 | 44 |
| 156,650 | 145,769 | |
| Total expenditure | 156,650 | 145,769 |
| Net(expenditure)/income | (30,248) | 48,282 |
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‘ $
The Keeper's Trust
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Management and maintenance oftrust estate land | ||
| Activities undertaken directly | ||
| Wages/salaries | 67,135 | 67,433 |
| Employer's NIC | 1,754 | 2,153 |
| Pension costs | 1,640 | 1,649 |
| Land maintenance costs | 2,800 | 11,300 |
| Repairs & maintenance | 76,092 | 54,246 |
| Insurance | 582 | 599 |
| Legal and professional fees | 400 | 2,567 |
| Depreciation | 3,690 | 3,240 |
| Other interest payable and similar charges | 7 | 44 |
| 154,100 | 143,231 | |
| Governance costs | ||
| Governance costs - independent examiners fees | 1,850 | 1,850 |
| Governance costs - other professional fees | 700 | 688 |
| 2,550 | 2,538 | |
| Expenditureoncharitableactivities | 156,650 | 145,769 |
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