Charity registration number 1108273 (England and Wales}
THE MAXFIELD NATURE CONSERVATION TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

THE MAXFIELD NATURE CONSERVATION TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr R N Hobbs
Mr J Willsher
Mr B J Yates
Secretary
Charity number
Mr J Willsher
1108273
Principal address
Maxfield Manor
Three Oaks
Eighteen Pounder Lane
Hastings
East Sussex
TN35 4NU
Independent examiner
Harding & Associates LLP
Coplhorne Business Suite
Coplhorne Way
Copthorne
Wesl Sussex
RH10 3PG

THE MAXFIELD NATURE CONSERVATION TRUST
CONTENTS
Page
Trustees, report
Independent examinels report
Statement of financial activities
Balance sheet
Notes to the financial statements
6-15

THE MAXFIELD NATURE CONSERVATION TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The trustees present their annual report and financial statements for the year ended 5 April 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's Trust Deed, the Charities Act 2011 and "Accounting and
Reporting by Charilies.- 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)" las
amended for accounting periods commencing from 1 January 20191.
The charity has also adopted the Charity Governance Code which closely aligns with the charity'5 Trust Deed.
Objectives and activities
The charity's objects and principal activities are..
1. To promote and conserve the physical and natural environment by protecting. creating and restoring
biodiversity in the upper reaches of the River Brede Valley and elsewhere for the benefit of the public.
2. To promote public education in connection with the physical and natural environment and the flora and fauna
of that environment.
3. To support the study of ecology and conservation.
4. To promote such other exclusively charitable object as the Trustees shall decide.
The trustees have paid due regard lo guidance issued by the Charity Commission on public benefit in deciding
what activities the charity should undertake.
Achievements and performance
The main area of charitable activity is to support the study of ecology and nature conservation, which the charity
has continued lo do during the year.
In association with the Friends of the Brede Valley, the Trustees have continued to contribute to the production of
the Brede Valley Wildlife publication.
Financial review
During the year the charity received grants of £49,279 {2023 - £16.0511 and other income of £6,265 12023
£7,728) and incurred total expenditure of £36,111 {2023 - £27,035) giving rise lo a surplus of £19.433 {2023
deficit of £3,256) for the year. Unrestricted funds available to carry forward amounted to £226.131 (2023
£206.6981.
Princi
al fundin
sources
Aside from voluntary income from donations, the principal funding source for the charity is currently by way of
grants from the Countryside Stewardship Scheme.
Reserves Polic
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to between three and six month's expenditure. The trustees considers that
reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the
charity's current activities while consideration is given to ways in which additional funds may be raised. This level
of reserves has been maintained throughout the year.
The Management Committee has reviewed the charity's reserves now standing at £608,57412023 £589.1411.
After deducting the suffl of £382,44312023 - £382,443) earmarked for the Heritage Assets, the uncommitted
reserves freely available for current activities amount to £226,131 12023 £206,698}. This is sufficient for the
charity'5 needs in normal circumstances for al least the next twelve months.

THE MAXFIELD NATURE CONSERVATION TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Risk Mana
ement
The Management Committee has conducted a review of the major risks to which the charity is exposed. ￿ere
approprlate. systems or procedures have been established to mitigate the risks the charity faces. Intemal control
risks are minimised by the implementation of procedures for aLrthorisation of all transactions and projects.
Procedures are in place to ensure compliance with health and safety of volunteers, clients and visitors lo the
locality. These procedures are periodically reviewed to ensure that they rneet the needs of the charity-
Structure• govemance and management
Govemin
Document
The Maxfield Nature Conservation Trust was registered as a charity with the Charity Commission on 23 February
2005 (Charity Registration No. 1108273).
The charity is govemed by its Trust Deed dated 10 February 2005.
The trustees who served during the year and up to the date of signature of the financial statements were..
Mr R N Hobbs
Mr J Willsher
Mr B J Yates
Recruitment and A
ointment of Mana
ement Committee
The Tnjstees are elected as members of the Management Committee. A5 a small organisation, it has not been
considered necessary to institute a formal training programme for new Trustees.
anisatonal Structure
The Maxfield Nature Conservation Trust has a Management Committee of three members who meet quarterly
and are responsible for the strategic direction and policy of the charity.
Related Parties
In so far as it is complimentary lo the charity's objects, the charity is guided by both local and national policy. The
charity had no interest in these organisations.
Plans for future periods
The charity plans to continue the activities outlined above in the forthcoming years subject to satisfactory funding
arrangements. The charity policy is, therefore, to continue building up the free reserves by means of annual
operating surpluses, supplemented by general appeals from time to time.
The trustees, report was approved by the Board of Trustees.
Mr J Willsher
Trustee
Dated.. 12 June 2025

THE MAXFIELD NATURE CONSERVATION TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MAXFIELD NATURE CONSERVATION TRUST
I report to the trustees on my examination of the financial statements of The Maxfield Nature Conservation
Trust Ilhe charity) for the year ended 5 April 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.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the
Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity
Commission under section 145{51{b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with
Accounting and Reporting by Charities.. Slalernent of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended
Practice issued on 1 April 2005 which is referred lo in the extant regulations but has now been withdrawn.
l understand that this has been done in order for financial statements lo provide a true and fair view in
accordance with Generally Accepted Accounting Praciice effective for reporting periods beginning on or after 1
January 2015.
I have completed my examination. I confirm that no material Matters have come lo my attention in connection
with the examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the Charity as required by seclion 130 of the Charities Act
2011.
the financial statements do not accord with those records., or
the financial statements do not comply with the applicable requirements concerning the form and content
of firiancial statements Sel out in the Charities {Accounts and Reports} Regulations 2008 other than any
requiiement that the financial slalements give a true and fair view, which is nol 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 financial statements to
be reached.
M J Harding FCA FCCA
Harding & Associates LLP
Independent Examiner
Copthome Business Suite
Copthorne Way
Copthome
West Sussex
RH10 3PG
Dated.. 12 June 2025

THE MAXFIELD NATURE CONSERVATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2024
Unrestricted Endowment
funds
funds
2024
2024
Total Unrestricted Endowment
funds
funds
2023
2023
Total
2024
2023
Notes
Income and endowments from:
Donations and legacies
Other trading activitie5
Investments
Other income
49,373
4,166
2.005
49,373
4,166
2,005
16.431
5,411
437
1.500
16,431
5,411
437
1,500
Total income
55,544
55,544
23,779
23.779
Expenditure on:
Raisin
funds
Fundraising and
publicity
26,924
26.924
23.319
23,319
Charitable activities
9,187
9.187
3,716
3,716
Total expenditure
36,111
36,111
27,035
27,035
Net incomel(expenditurel and
movement in funds
19.433
19.433
13,2561
13,256)
Reconciliation of funds=
Fund balance5 at 6 April 2023
206,698
382,443
589,141
209,954
382,443
592,397
Fund balances at 5 April 2024
226,131
382,443
608.574
206,698
382.443
589.141
The slalement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

THE MAXFIELD NATURE CONSERVATION TRUST
BALANCE SHEET
ASAT5APRIL 2024
2024
2023
Fixed assets
Tangible assets
Herilage assets
14
15
11,642
382,443
12,063
382,443
394,085
394,506
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
12,770
61.047
143,492
3,000
59.823
138,423
217,309
201,246
Creditors: amounts falling due within
one year
Other creditors
18
2,820
6,611
Net current assets
214,489
194,635
Total assets less cunrnt liabllities
608,574
589,141
The funds of the charity
Endowment funds
Unrestricted funds
19
20
382.443
226.131
382,443
206,698
608,574
589,141
The financial statements were approved by the trustees on 12 June 2025
Mr R N Hobbs
T￿stee

THE MAXFIELD NATURE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies
Charity information
The Maxfield Nature Consetvalion Trust is a registered charity in England and Wales and is unincorporated.
The address of the principal office is Maxfield Manor. Three Oaks, Eighteen Pounder Lane. Hastings, East
Sussex, TN35 4NU.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Trust Deed, the Charities Act
2011 and "Accounting and Reporting by Charities.. 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 IFRS 1021 {as amended for accounting periods commencing from l January 2019).
The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for smaller charities not to prepare a
Slalement of Cash Flows_
The financial slalements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a trve and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather Ihan the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the lime of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees
continue lo adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Designated funds are unrestricted funds earmarked by the Trustees for a particular future project or
commitment.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the reslricled funds are sel out in the notes lo the financial slatemenls.
Endowment funds are restricted funds subject to specific conditions by donors that the capital must be
maintained by the charity.
1.4 Income
All incoming resources are included in the statement of financial activities when entitlement has passed lo the
charity,. it is probably that the economic benefits associated with Ihe transaction will flow lo the charity and the
amount can be reliably measured.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation.

THE MAXFIELD NATURE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies
(Continued)
Legacies are recognised on receipl or othetwise if the charity has been notified of an impending dislribulion.
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
conlingenl asset.
Income from donations or grants are recognised when there is evidence of entitlement lo the gift, receipt is
probable and its amount can be measured reliably.
Income from trading activities is recognised once the goods have been SLJpplied to the purchaser, when both
the income from the sale and the cost of the goods sold can be measured reliably, and receipt of the income is
probable.
1.5 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered, and Ihis is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income.
Charitable expenditure comprises those cost5 incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly lo such activilies and those
costs of an indirect nature necessary to support them.
Governance costs Include those costs associated with meeting Ihe constitutional and statutory requirements
of the charity and include the independent examination fees and costs linked to Ihe strategic management of
the charity.
All costs are allocated between the expenditure categorie5 of the SOFA on a basis designed lo reflect the use
of the resource. Costs relating lo a particular aclivily are allocated directly, others are apporboned on an
appropriate basis.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. nel of
depreciation and any impaiment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Agricultural buildings
Plant and equipment
Property improvements
20 /0 on cost
200/y on cost
No depreciation
The gain or loss arising on the disposal of an asset is det8rmined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.

THE MAXFIELD NATURE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies
(Continued)
1.7 Heritage assets
The charity holds heritage assets. These are tangible fixed assets with historical, artistic. scientific,
technological, geophysical or environmental qualities that are held and maintained principally for their
contribution to knowledge and culture.
Newly purchased heritage assets are capilalised and included al cost including any incidental expenses of
acquisition. The charily has chosen not lo adopt a policy of valuation, and therefore heritage assets continue
lo be carried al historical cost, subject to impairment review.
Where heritage assets were acqtjired in past accounting periods and not capitalised, it can be difficult or
costly to attribute a cost or value lo them. In such cases. these assets are excluded from the balance sheet if
reliable cost information 15 not available and conventional valuation approaches lack sufficient reliability or
significant costs are involved in the reconstruction or analysis of past accounting records or in valuation, which
are onerous compared with the additional benefit derived by the users of the accounts in assessing the
trustees, stewardship of the assets.
The very long expected lives of heritage assets, due lo their nature, value and need to be protected and
preserved means that depreciation is not material and is. therefore, not provided.
1.8 Impairment of fixed assets
At each reporting dale, the charity reviews the carrying amounts of its tangible assets to determine whether
there is any indication that those assets have suffered an impairment loss. If any such indication exists. the
recoverable amount of the asset is estimated in order to determine the exlenl of the impairment loss {if anyl-
Prior impairments are also reviewed for possible reversal at each reporting dale.
1.9 Stocks
Stocks are stated al the lower of cost and eslimaled selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs ar)d those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Nel realisable value is the estimaled selling price less all esb"mated costs of completion and costs to be
incurred in mart(eting, selling and distribution.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid
investments with original maturities of three months Of less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.11 Financial instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right lo sel off the recognised amoLtnts and there is an intention lo settle on a nel
basis or lo realise the asset and settle the liability simultaneously.

THE MAXFIELD NATURE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Accountlng policies
(Continued)
Basic financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement constitutes a financing Iransaclion, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured al the present
value of the future payments discounted al a market rale of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cosl using the effective interest method.
Derecognition ol financial liabilities
Financial liabilities are de￿COgnised when the charity s contractual obligations expire or are discharged or
cancelled.
1.12 Employee benefits
The cost Df any unused holiday entitlement is recogr]ised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
lo terminate the employment of an employee or lo provide termination benefits.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required lo make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affecls both current and future
periods.

THE MAXFIELD NATURE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Income from donations and legacies
Unrestricted
funds
2024
Unrestricted
funds
2023
Donations and gifts
Grants
94
49.279
380
16.051
49.373
16,431
Grants
Countryside Stewardship Scheme
49.279
16,051
49,279
16,051
Income from other trading activities
Unrestricted Unrestricted
funds
funds
2024
2023
Lelling and licensing arrangements
Other income
2,000
2,166
2.000
3,411
Other tra(Jing activities
4,166
5,411
Investments
Unrestricted Unrestricted
funds
funds
2024
2023
Other interest receivable
Bank Interest receivable
215
1,790
225
212
2.005
437
10

THE MAXFIELD NATURE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
other income
Unrestricted Unrestricted
funds
funds
2024
2023
Nel gain on disposal of tangible fixed assets
1,500
Expenditure on raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Grant-related costs
Seeking donations. grants and legacies
26,924
23,319
Charitable activities
Charitable Charitable
Expenditure Expenditure
2024
2023
Conservation activities
5.863
Share of support costs (see note 9)
Share of governance costs (see note 91
17
3,307
3.710
9,187
3.716
Support costs allocated to activities
2024
2023
17
3.307
Govemance costs
3,710
3,324
3,716
Analysed between:
Conserrfation activitie5
3,324
3,716
11

THE MAXFIELD NATURE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
10 Net movement in funds
2024
2023
The net movement in funds is slated after chargingllcredilingl-.
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
Lossl{profill on disposal of tangible fixed assets
2,820
421
3,270
1,321
11.5001
11 Trustees
None of the trustees (or any persons connected with them) received any remuneration. benefits or reimbursed
expenses from the Charity during the year.
12 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Total
There were no employees whose annual remuneration was more than £60,000.
13 Taxation
The charity is exempl from tax on income and gains falling within secliori 505 of the Taxes Act 1988 Dr section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
14 Tangible fixed assets
Agricultural
buildings
Plant and
Property
equipment improvements
rot31
Cost
Al 6 April 2023
26.360
38,520
11,065
75,945
Al 5 April 2024
26,360
38,520
11,065
75,945
Depreciation and impairment
At 6 April 2023
Depreciation charged in the year
26,360
37,522
421
63,882
421
At 5 April 2024
26,360
37,943
64,303
Carrying amount
At 5 April 2024
577
11,065
11,642
Al 5 April 2023
998
11,065
12,063
15 Heritage assets
12

THE MAXFIELD NATURE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
15 Heritage assets
{Continued)
The heritage assets. comprising 140 acres of land in the River Brede Valley, are held to advance the
preservation and conservation objectives of the charity including the study of ecology and nature
conseNation.
The land was donated at a cost of £382.443 in 2005.
The current value of the land is estimated at £770,000.
16 Stocks
2024
2023
Livestock
12.770
3,000
17 Debtors
2024
2023
Amounts falling due within one year..
Other debtors
Prepayments and accrued income
60,388
659
59,365
458
61,047
59,823
18 Other creditors falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
971
5,640
2,820
2,820
6,611
19 Endowment funds
Endowment funds represent asset5 which musl be held permanently by the charity. Income arising on the
eridowmenl fijnds can be used in accordance with the objects of the charity and is included as unre51ricted
income. Any capital gains or losses arising on the assets form part of the fund.
At 6 April
2023
At 5 April
2024
Permanent endowments
382,443
382,443
13

THE MAXFIELD NATURE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
19 Endowment funds
(Continued}
Previous year:
At 6 April
2022
At 5 April
2023
Permanent endowments
382,443
382,443
20 Unrestricted funds
The unrestricted funds of the charily comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as lo how they may be used. These include
designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes.
At 6 April
2023
Incoming
resources
Resources
expended
At 5 April
2024
General funds
206.698
55,544
(36,111)
226,131
Previous year-.
At 6 April
2022
Incoming
resources
Resources
expended
At 5April
2023
General ftjnds
209,954
23.779
127.035)
206.698
21 Analysis of net assets between funds
Unrestricted Endowment
funds
funds
2024
2024
Total
2024
At 5 April 2024.
Tangible assets
Heritage asset5
Current assetsllliabilitiesl
11.642
11,642
382,443
214,489
382,443
214,489
226,131
382.443
608,574
14-

THE MAXFIELD NATURE CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
21 Analysis of net assets between funds
{Continued)
Unrestricted Endowment
funds
funds
2023
2023
Total
2023
At 5 April 2023:
Tangible assets
Heritage assets
Current assetsllliabililies)
12,063
12,063
382,443
194,635
382,443
194,635
206,698
382,443
589.141
22 Related party transaction5
The following amounts wère outstanding at the reporting end date-.
Amounts owed by related
parties
2024
Balance
Amounts owed by related
parties
2023
Balance
Net
Net
Other related parties
60,388
60,388
59,365
59,365
60.388
60.388
59,365
59,365
The above amounts were owed to the charity by Mr P Newton, the donor of the land. The loan consists
mainly of Rural Payments Agency {RPA} payments made lo Mr P Newton and due lo be transferred lo the
charity.
The loan is unsecured and repayable on demand. Interest is charged al 1.88°1o on the balance excluding the
RPA payments due lo be transferred lo the charity.
There are no other related party transactions12023 - none).
15