THAMES CHASE TRUST LIMITED Acom an Limited b uarantee UNAUDITED FINANCIAL STATEMENTS 31 IWCH 2024 P KITTLE FFAtFIPA FA Financial Accountant
THAMES CHASE TRUST LIMITED DIRECTORS C Burt resigncd 23 May 2024 O Rogers - Vice Chair- resigned 22 October 2024 G Anderson appointed 22. March 2024 M J Barkwith S M Cantle appointd 25 May 2023 R C Hirst D W Langlcy N W Langley tb A P Saulter resigned 16 November 2023 M M Wright resigned 25" May 2023 th TRUSTEES C Burt resigned 23 May 2024 O Rogers - Vice Chair G Anderson appointed 22, March 2024 M J Barkwith S M Cantle appointed 25 May 2023 R C Hirst D W Langley N W Langley A P Saultcr resigned 16 November 2023 th M M Wright Signed 25 May 2023 REGISTERED OFFICE Thames Chas¢ Forest Centre Broadfields Pike Lane Upminster RM14 3NS REGISTERED IWMBER 05687558 (England & Wales) CHAIUTY NUIVIBER 1115627 BANKERS Co-operative Bank PO Box 250 Skelmersdale WN8 6WT INDEPENDENT EXAMINER P Kittle FFAIFIPA FFTA
THANIES CHASE TRUST LIMITED Pages Report of the directors Independent examiners report Accounts comprising: 6&7 Income and expenditure account 8&9 Balance sheet 10-14 Notes to the accounts
Page I THAMES CHASE TRUST LIMITED REPORT OF THE DIRECTORS The Directors present their annual report for the year ending 31 March 2024. Organisation The names of all those who w¢r¢ the charity's trustees and directors on the date the report was approved or who served as a trustee and dir¢ctor in the reporting period are set out on the index page. Review of activities In April 2011 the Thames Chase Trust fornially took over r¢sponsibility from local authorities, for pursuing landscape regeneration and better access to and knowledge of, Ihe countryside within the boundaries of the Thamcs Chase Community Forest. During 2023124 the Trust continued to successfully develop conscrvation and landscape improvemcnt projects and to support its overall activities for the benefit of local communities. This has b¢cn carried out throughout the expanded Community Forest, now incr¢ased to 98 square miles from the original area of 40 square miles. Income from grants, donations and various funthaising activities totalled £723,794. A total of £665,676 w&$ invested directly in the Trust's charitable work. As a con5equen¢¢ the Trust's accounts for th¢ year show a surplus of £58,118. The Trust could not have undertakcn th¢ year's a¢tiviti¢s without the help of our tremendous team of staff, volunteers and supporters. The Trust has continucd to look fonvard and plan for the longer tern] development of the Community Forest. In March 2015 the Trust fomjally launched the third edition of the Thames Chase Plan - the overarching strategic document that guides the work of the Trust. The Plan set out the vision for the Thames Chase Community Forest over the next 10 years. Transforniing landscapes, transfom)ing lives. During 2023124 the Trust continued to work closely to the Plan. Work has been ongoing to refresh the Thames Chase Plan covering 2025 onwards. To promote the interpretation of and improve the flow of infomiation relating to the natural environment within and just beyond the boundaries of the Thames Chase Community Forest, the Trust has continued to dcvelop the Thames Chase website and social media plarfonns. These dev¢lopments not only help to provide up-to-date inforn]ation regarding Thames Chas¢ Trust and our activities, but also links related organisations and activities throughout the Community Forest area. Walking, running & riding. nature & wildlife, health, and history & heritage headings generate helpful pathways. During 2023/24 the Trust succcssfully secured furth¢r grants to support progressive development projects across the Community Forest, including major funding from DEFRA for the fourth year of the Tre¢s for Climats tree planting prOaMme. The Trust continues to perforni the Legacy Body role for the Land of the Fanns Landscape Partnership Scheme (2017-2022). This was supportcd by a grant of £1.359 Million from the National Lottery Heritage Fund and enabled a programme comprising 27 hcritage, environment and community projccts. I'hames Chase Trust as the Lcad Partner worked in partnership with Havering, Thurrock, Brentwood, Barking & Dagenham, and Essex Councils, Thames21, the Thames Estuary Partnership, Museum of LK)ndon Archaeology, and Forestry England. The overall programme comprised investment of in excess of £2.4 Million with additional funds having been raised, including financial support from Thames Water, the Environment Agency, Local Authorities, Forestry England, and the Veolia Maintenance Trust. The grants provided opportunities that have both embraced and been integrated with the Thames Chase Plan. The Trust was fonnally appointed to act as the L¢gacy Body to ensure and safeguard on-going legacy through maintenance and management. During 2023124 the Trust's Consultant Director (CD) and Deputy Director (DD) have worked closely with the Board of Trustess and our partners and taken forward projects and strategic initiatives including those summarised below.
Page 2 THAMES CHASE TRUST LIMITED REPORT OF THE DIRECTORS Cont'd The Trust has continued to work with the national England's Community Forests network to progress the DEFRA funded Trees for Climate programme. Thames Chase Trust is the lead Community Forest for East London and South-west Essex. During Year 4 the Trust invested a further £364,908 (Revenue & Capital) to successfully complete projects to plant over 30,545 trees across 17 hectares with our partners, including Brentwood Borough Council. London Borough of Havering, Thurrock Council, London Borough of Barking and Dagenham, the National Trust, schools and other local organisations. The programme has been extended by an additional year amd is now a 6-year initiative and will run, as a minimum, to 2026. Year 5 of the programme h&8 now been confirnied by Government and the Trust is beginning to organise the 2024125 planting schemes with partners. This will bring further funding to the Trust and the Community Forest. Th¢ Trust has continued to strengthen its partnership working with local and county authorities. The Trust is once again working with one county authority partner and four local authority partners. Collectively, the work completed by the Trust to sustain these partnerships secured £34,000 income for the Trust in 2023124. The Trust is now in communication with all partners, including a new local authority which will bring the total number to five, to secure 2024125 funding. In accordance with the Trust's Legacy Body role for the Land of the Fanns, the footprint of the Community Forest was incieased in 2023 from 40 square miles to 70 square miles. In 2024, with the support of our partners, the area has increased to 98 square miles. This has strengthened the network of strategic partnerships across the Community Forest, including the addition of a new local authority partner in Basildon Borough Council. This has the potential to secure a further £8,000. The strengthened network of strategic partners has resulted in the creation of the Thames Chase Strategic Partnership Board. This group meets quarterly and ensures that partners are fully engaged in the development of the Community Forest and are able to influence the delivery of the Thames Chase Plan. The Thames Chase Strategic Partnership Board will be th¢ Advisory Group for the creation of the next Thames Chase Plan (2025-2035). The Trust has continued to actively engage with the South Essex Catchment Partnership and the Roding, Beam & Ingrebourne Catchmcnt Partnership. The Trust sustained its co-hosting arrangement with Thames21 in 2023124. This secured investment of £30,000 into the Community Forest. The Trust with Thames21 also worked in partnership to utilise additional funding from the Thames Water Catchment Partnership Support Fund to increase capacity and the scope for co-hosting in the RBI CP. This additional funding brought tn a further £22,000 into the Community Forest. The Environment Agency has confinned that Catchment Partnership hosting funding will be available in 2024/25 and the Trust has secured agr¢em¢nt from Thames21 that we will jointly co-host both Partnerships again in 2024125. This will bring a minimum of £30,000 investment into the Cornmunity Forest. Thames Water has confirmed that the Thames Water Catchment Partnership Support Fund is for 5 years in total, with £15,000 funding potentially available for years 2 to 5. The Trust has continued to work with the Greater London Authority, Foresty Commission London, and an extensive list of pan-London partners to drive forward the new London Urban Forest Plan (LUFP). The Trust is an influential member of the LUFP Working Group, ensuring that there is clear reference to Thames Chase throughout the document. This has also resulted in the Trust being an active supporting organisation in the Delivery Groups that have been forn]ed to take fonvard each phase of the Plan. The Trust is also an active member of the London Green Infrastructure Partnership, influencing the devclopment of pan-London partnerships, projects and income generation.
Page 3 THAMES CHASE TRUST LIMITED REPORT OF THE DIRECTORS Cont'd The Trust is actively engaged with th¢ emerging Local Nature Partnerships in London and Essex which will influcnce the creation of Local Nature Recovery Strategies for these areas. The Trust is specifically supporting the Woodland Advisory Group, actively working with many partners to develop this. The Trust has continued to develop the Community Tree Nurscry (CTN) at the Forcst Centre and in particular with sustained communication with onc of the Trust's corporate partners, Mac¢ Construction. The Trust has received pr(Fbono benefits and construction materials from Mace, which helped the Trust to achieve its aspiration to extend th¢ existing CTN in 2023124. The Trust has continued to work with Forestry England to plan and develop a new Natural Play Trail at the Thames Chase Forest Centre. This Project will be further developed in 2024125. The Trust has been Teviewing operations at the Thames Chase Forest Centr¢, to propose and develop ways in which the Trust can make the best use of its facilities and maximise the offer for visitors. This has made excellent progress, seeking to achieve three key objectives of increacsing income gencration, providing a day's offer to families and visitors, and promoting and interpreting the work of th¢ Trust across the 98 square miles of Thames Chase Community Forest. The Thames Chase Forest Centre Tea Room opened in July 2023 which has supported the day's offer and brought additional visitors back to the Forest Centre. The Trust has commenced its refresh of the next Thames Chase Plan. This will be the approved Forest Plan for Thames Chase Community Forest. The process is being led by the CD to complete and publish a new Plan by 2025. The Tt has continued to deliver its growth plans for the All Staff Team. During 2023/24 the Trust has supplemented the Team with the recruitment of a Wellbeing oificer and an additional Forest Centre Assistant. Thc Trnst continued to manage a growing group of conservation volunteers, led by the Programmes Team. 'l-hese volunt¢¢rs have worked to assist in maintaining public open space across the Community Forest in local authoritie5 and organisations that have countyside to manage. The Trust currently has 98 volunteers providing valuable support across a varicd range of activities. The Thames Chase Trust is responsible for the running of thc Forest Centre (the complex of buildings including a Visitors Ccntre and 17" Century Essex Barn, in Pikc Lane, Upminstcr). The Ccntre is a key tool for helping the community learn from and enjoy green space. Visitor numb¢rs totalled around 64,000 during 2023124. Our on-sitc facilities tog¢ther with Forestry England's Community Woodland have provcd popular attractions. As a registered charity the Trust remains heavily reliant on donations and fundraising to supplement grant income. Major events in 2023124 included two notable successes, our 7th Annual Art Exhibition featuring works of art produced by talented local artists, and the popular Apple Day. With the major conservation plans and projects currently in hand, in particular DEFRA Trees for Climate, 2024125 promises to be another challenging and exciting year for the Trust. To learn more and obtain further infomiation, including a Copy of the Thames Chase Plan, please visit our website at www.thameschase.or .uk. To learn more about the Land of the Fanns please visit the Project's website at www.landofthefanns,or
Page 4 THAMES CHASE TRUST LIMITED REPORT OF THE DIRECTORS Cont'd 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 insurance cover and re&sonable policies are in place to provAd¢ assurance against fraud and ¢rror. The Board has forniulated a Risk Register to help regular review and manage areas of potential risk. In addition, policies and procedures to support management and control are in place with specified review dates. Public Benefit The Trustees have complied with the duty in Section 17 of the Charities Act 201 I to have due regard to public benefit guidance published by the Charities Commission. Th¢y have referred to the guidance in the Charity Commission's general guidance on Public B¢nefit when reviewing the Trust's aims and objectives and in planning fiJture activities as demonstrated above. Reserves Policy The Trust's reserves policy has been forniulated with reference to the current Risk Regist¢r. As a charity the Trust is reliant financially on donations and fundraising for a large proportion of annual income. This is subject to fluctuation and is influenced by the external economic environment (as was experienc¢d by the impact of COVID19}. It is therefore important to keep a financial buffer to support potential recovery planning, in the light of any significant future income loss. As a consequence, the Board considers it prudent to aim to hold sufficient reserves of unrestricted fvnds to cover up to twelve months of the Trust, s operating costs. Any project specified grant income held to meet associated commitments required by funders, and funds retained to contribute as matched funding to Projects, wijl be held separately. Following the successful grant award from the National Lottery Heritage Fund for the Land of the Fanns Project, the Trust set up a Designated Fund within reserves to hold funds to support both the management and maintenance of completed projects, and the longer terni scheme legacy. As at 31° March 2024 the Designated Fund totalled £98,750. The Trust embarked on the exciting DEFRA Trees for Climate Programme in 2020121. A sum of £43,099 of capital grant ndIng received and unused from Year l is retained in a separate Designated Fund. This report has been prepared in accordance with the special provisions of Part 15 of the Compani¢s Act 2006 applicable to companies subject to the small companies, regime. 2024 and signed on its behalf by.. This report was approved by the Board on 1£ tY21/ M J Barkwith Director
Page 5 INDEPENDEIYT EXAMINER'S REPORT TO THE TRUSTEES OF THAMES CHASE TRUST LIMITED This report on the accounts of the trustees for the year ended 31 March 2024, which are set out on pages 7 to 15, is in respect of an examination carried out under Section 145 of the Charities Act 2011. Respective respoDsibililies of the trustees and examiner As the members of the trustees you are responsible for the preparation of the accounts, you consider that th¢ audit requirement of section 144 of the Charities Act 2011 (The 201 l Act) does not apply. It is my responsibility to.. Examine the accounts under section 145 of the Charities Act. To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)9(b) of the Charities Act). and To state whether in particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with 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 wilh those records. It also includes consideration of any unusual Items or disclosures in the accounts, and seeking explanations from the 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 a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: (l ) which gives me reasonable cause to believe that in, any material respect, the requirements; to keep accounting records in accordance with Section 130 of the Charities Act" and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper undeTStanding of the accounts to be reached. P Kittlc FFA/FIPA FFTA Financial Accountant 37 Fraser Close Chelmsford Essex CM2 OTD Date: 1£ 015*2024
Page 6 THAMES CHASE TRUST LIMITED STATEMEIYT OF FtNANCIAL ACTIVITIES FOR THE YEAR EIYDED 31 MARCH 2024 Unrestricted Designated Restricted Funds Funds Funds TOTAL 2024 2023 Notes INCOMING RESOURCES Voluntary Income 507,355 6,000 513,355 377,395 Activities in furtherancc of the charities objectives 173,562 270 173,832 378,999 Other Income / Income from Investments 36,607 36,607 6,665 TOTAL INCOMING RESOURCES 717,524 270 6.000 723,794 763,059 RESOURCES EXPENDED Cost of generating funds 209,578 1,562 211,140 297,109 Costs of activittes undertaken directly 452,642 828 453,470 439,308 Governance costs 1,066 1,066 1,163 TOTAL RESOURCES EXPENDED 663,286 2,390 665,676 737,580 NET INCOMll¥G RESOURCES FOR THE YEAR 54,238 (2,120) 6,000 58,118 25,479 Transfers 2,996 {2,996) 57,234 (5,116) 6,000 58,118 25,479 Balance as at l April 2023 291,774 424.507 716,281 690,802 BALANCES CARRIED FORWARD Balance as at 31 March 2024 349,008 419,391 6,000 774,399 716,281 The notes on pages 10 to 14 form part of these financial statements
Page 7 THAMES CHASE TRUST LIMITED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EIYDED 31 MARCH 2024 Unrestricted Designated Restricted Funds Funds Funds TOTAL 2024 2023 Notes Turnov¢r 680,917 270 6,000 687,187 756,394 Operating charges 663,286 2,390 665,676 737,580 OPERATING SURPLUS 17,631 (2,120) 6,000 21,511 18,814 Other interest reeeivable and similar Ineome Interest receivable 36.607 36,607 6,665 Surplus OD ordinary activities before Taxation 54,238 (2,120) 6,000 58,118 25,479 Surplus (Deficit) on ordinary activities before taxation 54,238 (2,120) 6,000 58,118 25,479 The notes on pages 10 to 14 forni part of these financial statements
Page 8 THAMES CHASE TRUST LIMrrED BALANCE SHEET 31 MARCH 2024 Not 2024 2023 FIXED ASSETS 292,572 280,538 CURRENT ASSETS Cash at bank and in hand Debtors 782,738 211,279 990.334 15,882 TOTAL CURRENT ASSETS 994,017 1,006,216 CREDITORS: amounts falling due in l year 512,190 570,473 NET CURRENT ASSETS 481,827 435,743 TOTAL ASSETS 774,399 716,281 Unrestricted Funds 349,008 291,774 Designated Funds 419,391 424,507 Restricted Funds 6,000 774,399 716,281 The director's statement required by Sections 475(2) and (3) are shown on the following page which fornis part of this Balance Sheet. The notes on pages 10 10 14 forni part of these fiDVdncial statements
Page 9 THAMES CHASE TRUST LIMITED BALANCE SHEET Continued DIRECTOR)S STATEMENTS RE UIRED BY SECTIONS 475 FOR THE YEAR ENDED 31 IVIARCH 2024 In approving these financial statements as a director of the company I hereby confimi: (a) that for the y¢ar stated above the company was entitlcd to the exemption conferred by Section 477 of the Companies Act 2006. (b) that no notice has been deposited at the registered offic¢ of th¢ company pursuant to Section 476 r¢qucsting that an audit be conducted for the year ended 31 March 2024. and (c) that l acknowledge my responsibilities for: (l ) ensuring that the company keeps accounting records which ci)mply with Section 386; and (2} preparing financial statemenls whi¢h give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Sections 394 and 395 and which othenvise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company. These fInancial statements have been prepared in accordance with the sp¢cial provisions of Part 15 of the Companies Act 2006 and the Financial Reporting StandaTd for Smaller Entities (effective April 2008) applicable to companies subject to the small companies, regime. The financial statements were approved by the Board 2024 signed on its behalf by: A/J M J Barkwith Director The notes on pages 10 to 14 forni part of these financial statements
Page 10 THAMES CHASF. TRUST LIMITED NOTES TO ACCOUNTS 31 MARCH 2024 ACCOUNTING POLICIES 1.1 Accounting convention The accounts of the company are prepared under historical cost convention in accordance with the Statement of Recognised Practice for Accounting and Reporting by Charities 2005 (SORP 2005) and applicable accounting standaTds. 1.2 Incoming resources Unrestricted Designated Restricted Funds Funds Funds TOTAL 2024 2023 Voluntary Income Donations Grants & service level agreements 41,510 465,845 6,000 47,510 37,772 465,845 339,623 507,355 6,000 513,355 377,395 Activities For the Generation of Funds Funds generated by.. Fundraising Rent income Sales Cafe income NHLF Land of the Fanns Events Conservation volunteers Profit on Disposal of Asset Cycling project 27,527 23,072 36,070 15,204 27,527 17,126 23,072 23,072 36,070 23,630 15,204 13,227 270 223,407 15,401 27,320 51,461 43,067 2,231 5,919 270 15,401 51,461 4,827 4,827 173,562 270 173,832 378,999 Income from Investments Bank interest 36,607 36,607 6,665 36,607 36,607 6,665 1.3 Profit and Loss Account In accordance with Sections 394 and 395 of the Companies Act 2006, in order to give a true and fair view of the transactions of the charity, the statutory profit and loss accounts have been replaced by an income and expenditure account.
Page 11 THAMES CHASE TRUST LIMITED NOTES TO THE ACCOUNTS- 31 MARCH 2024 2 RESOURCES EXPENDED Unrestricted Desi nated Restricted Funds Funds Funds TOTAL 2024 2023 Cost of generating voluntsry income Goods for rcsale Local projects South Essex catchment project Cycling project NHLF Land of Fanns Proj¢ct Trees for Climate Project Community Tree Nursery Car park management Fund raising activities Advertising and PR Miscellaneous 17,463 38,124 15,000 8,385 17.463 13.086 38,124 10,253 15,000 15,000 8,385 8,744 1,562 136,706 107,149 100,439 2,881 3,264 1,000 1,000 18,640 7,101 936 1,516 1,562 107,149 2,881 1,000 18,640 936 209,578 1,562 211,140 297,109 Costs of activities undertaken directly Staff costs: gross salarics EmployeT'S NJ cost ETnployers pension cost Administrdtion Professional fees Services Repairs, rnaintenance & renewals Travel & subsistence Depreciation Operating Lease 278.444 17,076 5,198 5,984 4,068 95,697 20,070 6,212 11,702 8,191 278,444 265,590 17,076 18,129 5,198 4,957 5,984 5,545 4,896 1,055 95,697 84,429 20,070 41,476 6,212 6,921 11,702 10,187 8,191 1,019 828 452,642 828 453,470 439,308
Page 12 THAMES CHASE TRUST LIMITED NOTES TO THE ACCOUNTS- 31 MARCH 2024 Staff Costs 2024 2023 Gross Salaries Er's Nl Er's Gross Pension Salaries Er's Nl Er's Pension Cost of activities directly undertaken HLF Land of the Fanns project 278,444 17,076 5,198 243,388 16,005 4,553 22,202 2,124 404 Total staff costs 278,444 17,076 5.198 265,590 18,129 4.957 The averagc number of employces during the year was 14 (2023: 13) No Employee received more than £50,000 in emolumcnts during the year (2023: Nil) During the year no trustecs received any remuneration (2023: Nil) nor reimbursement of ¢xpenses (2023: Nil) Governance costs were £1,066 (2023: £1,163) and include the cost of the independent review of £1,066 (2023: £1,163) 3 TAXATION Th¢ company, being a registered charity, is entitled to exemption from United Kingdom taxation under the Income and Corporation Taxes Act 1988 and may recover tax deducted from its investment income. 4 FIXED ASSETS Leasehold Land & Buildings Motor Vehicles Plant & Equipment Total COST At l April 2023 Additions Disposal 200,000 17,191 24,090 83.294 6,545 307,384 23,736 At 31 March 2024 217,191 24,090 89,839 331,120 DEPRECIATION At l April 2023 Charge for the year Reversal on Disposal 6,023 6,023 20,823 4,819 26,846 11,702 860 At 31 March 2024 860 12,046 25,642 38,548 Balance at 31 March 2024 216,331 12,044 64,197 292,572 Balance at 31 March 2023 200,000 18,067 62,471 280,538 Lkpreciation is provided at the following rates in order to write off each asset over its estimated useful life: Land & Buildings No provision made at present on long lease purchase of £200,000 expiry 2141 Remedial building modifications 50/0 straight line 25 % straight line 50/0 straight line Motor Vehicle Plant & Equipment
Page 13 TIL4MES CHASE TRUST LIMITED NOTES TO THE ACCOUNTS- 31 MARCH 2024 Cont'd DEBTORS 2024 2023 Other debtors Trees for Climate Prepayments 28,637 167,732 14,910 14,376 1,506 211,279 15,882 CREDrroRS: Amouwfs FALLING DUE WITHIN ONE YEAR 2024 2023 Other crcditors Other accruals Trees for Climate., Advanced Income Accruals NHLF Land of the Fanns: Advanced Income Accruals 53,059 43.697 56,759 28,337 191,271 43,260 243,562 60,000 149.983 30,920 149,983 31,832 512,190 570,473 SHARE CAPITAL The company is limited by guarantee and therefore does not have a share capital. 8 MOVEMENT ll¥ FUNDS 2024 2023 Balance at l April 2023 Surplus retained for the year 716,281 58,118 690,802 25,479 Balance at 31 March 2024 774,399 716,281 Analysis of Assets & Liabilities between Funds Unrestricted Funds Designated Restricted Total Tangible Assets 292,572 292,572 Plet Current Assets 349,008 126,819 6,000 481,827 Total 349,008 419,391 6,000 774.399
Page 14 THAMES CHASE TRUST LIMITED FUNDS MOVEMENT SUMMARY- 31 MARCH 2024 Resources 01.04.23 Incoming Outgoing Investment Transfer Income In/{Out) 31.03.24 Unrestricted Funds 291,774 54,238 2,996 349,008 Designated Funds: NHLF Land of the Fanns 100,042 (1.292) (15,030) 83.720 Fixed Asset Fund (note l) 280,538 12,034 292.572 Trees for Climate Project 43,927 (828) 43,099 Restricted Funds Hole Farn) Legacy 6,000 6,000 Total Funds 716,281 60,238 (2,120) 774,399 Notc I: The Fixed Asset Fund represents thc net book value of Fixed Assets including the purchase of the Farn]housc leasc and remedial work undertaken during 2024.