THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Llmited by Guarantee)
FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
Company Registration Number: 03428850
Charlty Registration Number: 1115855

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Limited by Guarantee)
FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
CONTENTS
Page
Company Particula
Report of the Trustees
2-6
Reports of the Auditors
7-10
Financial Statements
ststement of Financial Activities
Balance s￿&t
12
Cash Flow Statement
13
Notes to the Financial Statements
14-24
The following page does not forni part of the statutory flnanGlal
statements
Income and Expenditure Account
26

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
REFERENCE AND ADMINSTRATIVE DETAILS
TRUSTEES:
Mr I Cotter
Cllr A King (Chair)
Mrs B pa￿er {Chairl (Resigned 1810612024)
Mr B Carter (Resigned 1011212024)
Cllr L Care
Mrs C Clarke{Resigned 1810612024)
Dr R Horry
Mrs Claire Wilkins (Resigned 1810612024)
Mr Roger Bennett (Appointed 1810612024)
Mrs Sarah Welsh IAppointed1810612024)
Mrs Anna Cluley (Appointed 0111012024)
Ms Rachel Bennett IAppointed1810312025)
COMPANY SECRETARY:
Mr P Peat {Resigned 1710112025)
TRUST MANAGER
Mrs S Walton
FINANCIAL OFFICER
Mr M Kenyon
County Hall
Matlock
Derbyshire
DE4 3AG
REGISTERED OFFICE:
COMPANY REGISTRATION NUM8ER:
03428850
CHARITY REGISTRATION NUMBER:
1115855
AUDITORS:
Apc Chartered Accountants and Registered Auditors
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH
BANKERS;
Lloyds Bank
1 Buver Place
London
SW1H OPR

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
TRUSTEES ANNUAL REPORT
The Trustees, vtho are also directors of the charity for the purposes of the Companies Act, submit their annual rewrt and
the audited financial statements for the year ended 30 September 2024.
OBJECTIVES AND ACTIVITIES
The principa activity of the company, which is limit￿ by guarantee, is the awarding of grants to third parties, including
Environmental Bodies for approved projects under the Landfill Communities Fund. Funding is CUrren￿Y drawn from two
different landfill operators. Awards are m8de by a manageffEnt committee composed of nominees of local authoiities aThJ
other public bodies and one private individual. The Trust acts as an approved Environmental Body for administering avRrds
by Wall8y's Quarry {formerly Red Industries) and Tarmac (formerly Lafarge Tamacl. Since 2005 the Trust has teen
responsible for administering the Tarmac Landfill Communities FuTrl nationally. The Trust has managed the Walleys
Quarry Community Fund in parts of Staffordshire since 2017, In addition, the Trust manages non Landfill Communities
Fund grant %hemes from time to time, in particular Lodge House Surface Mine Community Fund12012 - 2016) and
partof the Agg￿gatss Levy Sustainability Fund (2002- 2011),
DET'S success is measured against its oty'ecliv8s of awarding grants in *cordance with the rules and criteria of eath
fUr￿er whilst r8COV8ring operating costs from adminislralivg fees, The Trust's success is also assessed by ENTRUST
against HMRC'S targets for Environmental Bodies - that unspent funds should be no more than 1.5 times irKome; arKI to
keep adfflinistration costs within 7.5 0/0 of annual project expenditure (and endeavour not to transfer funds to Environmental
Bodies with costs above this level).
Publlc 8eneflt
In order to ensure the Trust continues to benefft the public, it airns to manage funds and distribute grants on behalf of the
Trust's fvinders correctly and fairly in accordance with the rules and criteria of each fund, The Trust aims to award grants
to schemes which will lead to long term and sustainable improvements to people's quality of life and the enviionment,
The Trust works to ensure that its operations are compliant with the Charity Commissions Guidelines and the requirements
of the Landfill Communities Fund and those of any other fund il manages.
The Trust values the vital contribution volunteers make to projects it supports. As well as providing a vital source of labour
and expertise for the benefit of the wider communrty, volunteers can also develop new skills which will benefit them in the
future.
(knnership of a project is also important to the Trust. Public benefit is maximised by supporting projects that will be owned
and operated by a local authority or a committee or group appointsd by the I￿al community.
The sustainability and environmental aspects of projects are also important to the Trust, To have a wider public benefit
projects should have a long term future and minimise environmental impacL
Finally, in order to maximise public benefit the Trust has supported projects that improve access for people with disabilib'es
and fflobility difficulties.

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
TRUSTEES ANNUAL REPORT
ACHIEVEMENTS AND PERFORMANCE
Achievements1997 - 2024
Since 1997, over £33m has been secured through the Trust for projects under the Landfill Communities Fund, with the
range of Landfill Communities Fund grant awarded from £300- £603,000 (average £24,750) During this lime funding has
been secured for almost1,330 Landfill Communities Fund projects of which approximately 642 are in Derbyshi￿. Proj6rts
funded outside Derbyshire are mainly managed by the Trust for Tamac or Walleys Quarry. During this financial year total
funding of £1,097,215 has been secured under the LCF with the range of awards from £1,380 to £123,000 (average
£21,514). In total 51 projects were supported of which 12 were in Derbyshire
During year another round of the DET Funding Scheme was held with frjnding from reserves. In selecting which projects
to support through this Fund, the Trust aimed to give consideration to environmental impact I carbon reduction and energy
efficiency and ststed a preference not to support projects reliant on fossil fuels where alternatives are an option, and also
to take note of the level of deprivation in the area of the project, A total of £75,796 was awarded to 6 projects, all within
Derbyshire:
Findern Footpaths GrDUP - Cote Close 2024
Thorpe Village Hall - Installatson of Green Energy
Killamarsh Parish Council - Solar Project, Killarnarsh Community Hub (completed May 24 with underspend of £3,790)
Rykneld Bowling Club - Energy Saving Projecl
Chesterfield Canal Trust - Landscaping & Links Project {withdrawn by applicant October 2024)
People ExpresslHatton Parish Council - Jubilee Peace & Hope Garden (withdrawn by applicant Octotser 2024}
Since 1997 the work of the Trust has been supported by a range of Landfill Operators and Environmental Bodies of which
the principal funders have been Tamiac If0m￿rIY Lafargel, Walleys Quarry {fomierly Red Industries), Viridor Credits, Biffa
Award, Global Environmental, Hanson Environmental Fund, Veolia Environrnental Trust, Cemex Communty Fund and
WREN.
Frorn b'me to time the Trust has also managed non landfill funds in particular part of the Aggregates Levy Sustainability
Fund and a Section 106 Fund on behalf of UK Coal and Derbyshire County Council. Whilst the Trust is always interested
in exploring the possibility of managing other funds at the present time it is solely managing landfill funding.
Currently projects managed by the Trust are supp)rted with grants awarded by Tamac and Walleys Quarry. The Trust
acknowledges their support with thanks.
Flnanclal revlew
During the year, the Trust received restricted funding of £827,63312023: £1,225,750) f￿rn landfill operators and other
Environmental Bodies, including allocated interest the Tfust also allocated £75,79612023 £102,019) of its own funds,
added to the restricted reserves brought ftjrward of £2,289,135 as restated {2023,' £3,053,051 as restated) there was a
total of £3,192,564 (2023.. 4,380,763} available for funding projects under the Landfill Communities Fund.
The Trust board met 3 times during the year and allocated £1,052,935 {2023'. £1,787.969) to 55 (2023. 64) projects.
During the year 83 (2023. 68) projects met the funding criteria and were paid a total of £1,906,615 {2023'. 2,093,030 as
restated) leaving restricted reserves carried forward of£1,300,95512023.' £2,289,135 as restated).
The deficit (2023'.deficit) for the year was £1,062,739 {2023: £810,192) which reduces reserves. This is made up of a
deficit after transfers, of £74,559 {2023'. 46,276 as restated) on the unrestricted fijnd and a deficit of £988,180 (2023..

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
TRUSTEES ANNUAL REPORT
£763,915 as reststedl on the restricted lund. The net Itquid assets of the charity have decreased to £1,754,864 {2023'.
decreased to £2,817,603).
The principal funding sources are Tarmac and Walleys Quary .
Over the course of the y8ar donations from both the Trusvs contributing Landfill Operators d6cr8ased significantly. This
reflects both an industry wide trend for less waste going to landfill and also particular circumstances relating to the landfill
srtes ofeath of the Trust's ￿ conlribuling Landfill Operalci& Al th8 same time the Trust's costs, which largely comprises
staffing recharges by Derbyshire County Council, have been increasing. The Tnjst is aware of these issues and will be
considering how to manage these challenges over the coming months.
Investment powers and pollcy
Under the terms of the Memorandum and Articles of Asscciation, the charity has the power to invest in any way the
Trustees wish.
Reserves pollcy
The Trustees have established as at 30 Septsmber 2024 the total level of uniestricted reserves held amounting to
£453,909 {2023.' £528,468 as restated) to provide a bLrfter for uninterrupted services due to any unforeseen future events.
This represents approximately 58 months administrative costs and will be kept under review.
Plans for future periods
Tarmac are expected to continue lo provide funding for the foreseeable future. However Walleys Quarry landfill srte was
issued with a closure notice by the Environment Agency in November 2024 and the company went into liquidation in
February 2025. The Trust will be considering how to manage these challenges over the coming months.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The Derbyshire Environmental Trust Limited is a charitable company limited by guarantee and was incorporated on 29
August1997. It is governed by a Memorandum and Articles of Associats'on dated 29 August 1997 and updated in June
2006, May 2010, May 2012, and May 2018,1ts objects are to award grants to third parties, including Environmental Bodies
for approved projects under the Landfill Communikn'8s Fund.
It is registered as a charity with the Charity Commission,
Appointment of Trustees
New Trustees are normally invited to join the Trust by the board, after having been nominated by their respecl've member
bodies. The appointmentls made at the first available meeting after receipt of Ihe nomination. The Trustees of the company
are also Trustees of the charity under the company's Articles and are members of the Management Committee. Under the
requirements of the Memorandum and Articles of Association the member5 of the Management Committee are elected to
serve for a period of one year after which they must be rfrelected at the next Annual General Meeting IAGM).
All members are circulated with invitations to nominate Trustees prior to the AGM advising them of the retiring Trustees
and requesting nominations for the AGM.

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
TRUSTEES ANNUAL REPORT
Trustee induction and training
New Trustees uThJergo an orientstion process to brief them on their legal obligations under charity and company law, the
contsnt of the ￿MoranduM and Arlicles of Associats'on, the committee and decision making prfKesses, the business plan
and recent financial perf0rnan￿ of the charity. During the induction they are invited to meet key employees and other
Trustees.
Organisation
The board of Trustees usually meet four ts'mes a year to review the strategy and perfomance and to ￿t the operating
plans and budgets. The Financial Officer v￿rkS closely with the Trust Manager to ensure that the income charged by the
Trust is sufficient to keep the TNst viable. The Financial off￿r submits up to date fInar￿la1 reports to Trustees meetings,
showing the Trusts current financial position.
Internal controls
The charity has set systems of intemal control, which are designed to provide reasonable, but not absolute, assurarKe
against material misstatement or loss. They include:
A strategic plan and an annual budget and quarterfy revrews, approved by the Trustees.
Regular consideration by the Trustees of financial results, variance from budgets, non-financial perfornanGe
indicators and benchmarking reviews.
Delegation of authority and segregation of duties.
Identrfication and management of nsks.
The Trustees have also set the following policies on internal control..
Clarified the responsibility of management lo implement the Trustees, policies and identify and to evaluate risks
for their considerati'on.
Communicated that employees have responsibilty for intemal control as part of their accountsbility for achieving
objectives.
Embedded the control system in the charity's operations so thal11 becomes part of the culture of the charity.
Included procedures for reporting failings immediately to appropriate levels of manaJement and the Trustees
together with details of corrective action being undertaken.
Risk management
The Trustees have a risk management strategy which comprises..
An annual ￿VIeW of the risks the charity may fwR, along with new risks as they arise.
The establishment of systerns and pKKedures to mitigate those risks identified in the plan. and
The implementation of procedures designed to minimise any potential impact on the chanty should those risks
materialise.
This wort has identified a limited number of risks, but has resulted in better procedures and contingenGy plans and has
given the impetus for LEtter planning.
Pro￿ureS are in Pla￿ to ensure compliarKe with health and safety of staff and visitors to the premises. A key element
in the management of financial risk is the continued review of the level of reserves.

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
TRUSTEES ANNUAL REPORT
TRUSTEES RESPONSIBILTIES
The Trustees in office durirvJ th8 y6ar are listed on page 1. Aso listed on page 1 is th8 charity's registered number, the
charity's registered office addr8ss and the charity's bankers.
The Trustees (who are also directors of The Derbyshire Environmental Trust for the purposes of company law) are
responsible for preparing the Trustees, Annual Report and the financial slalem6nls in accordance with q)plicable law and
United Kingdom Accounting Standards (United Kingdom Generally AC￿pted Accounting Practi￿).
Company law requires the Trustees to prepare financial ststements for each financial year. Under company law the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view ofthe st*
of affairs of the charitable company and of the incoming resources and application of resources, including the ir¢ome and
expenditu￿, of the charitable company for that period. In preparing these financial st*ments, tTr￿ Trustees are required
select suitable accounting policies and then apply them consistently.,
observe the meth()Js and principles in the Charities SORP 2019 (FRS 102),.
make judgements and estimates that are reasonable ar)J prudent.,
stste whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial ststements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitsble company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time
the financial ￿sitiOn of the charitable company and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware..
there is no re16vant audit information of which the charitable company's auditor is unaware., and
the Twstees have ta(en all steps that they ought to have tsken to make themselves aware of any relevant audit
infonnation and to establish that the auditor is aware of that information.
AUDITORS
The auditors Apc are deemed to be re-appointed under section 487{2) of the Companies Act 2006.
The report of the Trustees has been prepared in accordance with the special provisions of Part15 of the Companies Act
2006 relating to small companies.
On behalf of the b¢)ard of Trustees
Trustee
fr i)/,l.,
Dated

INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
Opinion
We have audited the financial slalements of The Derbyshire Environmental Trust Limited (the 'charilable company'l for
the year ended 30 September 2024 which comprise primary statements such as the Ststement of Financial Activities,
Balance Sheet and notes to the finar￿la1 statements, including a summary of signrficant accounting policies. The financial
reporting framewoth that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applKab18 in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the slate of the charitable company's affairs as at 30 September 2024, and of its incoming
SoUr￿S and application of resources, including its income and expenditure, for the year then ended,.
have been proFerly prepared in accordance wrth United Kingdom Generally Accepted Accounting Pr&tice,' and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our
responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial
ststements section of our reFQrt. We are independent of the company in aCcOrda￿e wrth the ethical requirements that are
relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined
is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial ststements, we have concluded that the Trustees, use of the going concem bass of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identif￿d any material uncertants'es relating to events or conditsons
that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concem for a
period of at least twelve months from when the financial statements are authorised for iss￿.
Our responsibilities and the responsibilities of the Trustees with respect to going corKem are described in the relevant
secti'ons of this report.
Other inforniation
The Trustees are responsible for the other infomation. The other infomation comprises the information included in the
rewrt of the Trustees, other than th8 financial statements and our auditor's report there(￿. Our opinion on the financial
statements does not cover the other information and, ex￿pt to the extent otherwise explicitly stated in our report, we do
not express any form of assurance conclusion thereon.
Our responsibilty is to read the other infomiation and, in doing so, consider whether the other infomation is materially
inconsistent with the financial statements or our knowledge obtained in tIE course of the audit or othe￿iSe apFears to be
malerially misstated. If we idenbfy such material Inconsister￿leS or apparent material misstatements, VR are required to
determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work
we have performed, we conclude that there is a material misstatement of this other infonnation, we are required to report
that fact.

INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the ￿￿rk undertaken in the course of the audit..
the infonnation given in the Trustees, report (incorporating the directors, report} for thè financial year for vthich the
financial statements are prepared is consistent with the financial statements., and
the dIr￿t0[8, report has been prepar6d in accordance with applicable18gal requirements,
Matters on whlch we are requlred to report by exceptlon
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of
the audit, we have not identified ma18rial misstatements in Ihe directors, r8POrt,
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 r6yuires us to
report to you if. in our opinion..
adequate accounting records have not been kep( or retums adequats for our audit have not been received from
branches not visrted by us,. or
the financial staterrents are not in agreement with the accounting records and retums., or
certain disclosures of directCfS' remuneration sp8cifi8d by law are not maje,. or
we have not received all the Infomats'￿ and explanations V￿ require for our audit
the Trustees were not entitled to prepare the financial statements in accoidance with the small companies, regim8
and take advantage of the synall companies, exemptions in preparing the directors, report and from the requirement
to prepare a stralegic report.
Responslbllltles of Trustees
As explained more fully in the Trustees, responsibilities statement set out on page 6, the Trustees (who are also the
directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial
ststements and for being satisfied thatthey give a true and fair view, and for such intemal control as the TrUSt￿S determine
is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the Trustees are resp)nsib18 for assessing the chari18b18 company's ablllty lo
contsnue as a going concem, disclosirg, as applicable, matters related to going concern and using the going concem basis
of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no
realistic altemative but to do so.
Auditor's responsibilitles for the audit of the financial statsments
Our obj'ectives are to obtain reasonabk assuran￿ about whetherthe financial statements as a whole are free from material
misstatement, whether du8 to fraud or error, and lo issue an auditor's report that includes our otinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will
always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, indivijually or in the aggregats, they could reasonably be expectgj to influence the economic decisions of
users tsken on the basis of these financial statements.

INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
Irregularities, including fraud, are instances of noniompliance with laws and regulations. We design prttedures in line
with our responsibilities, outlined above, to detect material misststements in respect of irregularities, induding fraud. The
extent to which our procedures are capable of detecting irregularities, includiNJ fraud is detailed below..
Because of the inherent limitstions of an audit, there is a risk that we will not detect all irregularities, including those leading
to a material misstatement in the fi'nancial statements, as we will be less likely to become aware of instances of non-
compliance. The risk is also greater regarding irregularities occurring due to fraud ratI￿r than error, as fraud involves
intentional ¢0￿ealMent, forgery, collusion, omission or misrepresentstion.
Identifylng and assessing potenllal rlsks related to irregularltles
As detailed alx)ve we carried out our audit in line with the appropriate gu￿anCe. In regards to our prO￿dureS during the
initial plannirvJ, onsite work and final review stages we assessed our audrt plan against the charvJing environments and
updated wherever appropriate.
In identifying and assessing risks of material misstatement in respect of irwularities, including frdud and non-compliance
wth laws and regulations. we have considered and carried out a background infornation assessment on the company and
Icwjked at all of the appropriate laws and regulab'ons that the company must abide with.
These included GDPR, Health & Safety and the Charities SORP.
The synificant laws and regulations in regards to the business in addits'on to Companies Act, Health & Safety and GDPR
are regularly reviewed by the companls management and updated for compliance.
Audlt response to risks identlfled
As a result of perfomiing the above, we identified incorne recognition as key audit matters related to the potential risk of
fraud or error. Our Specif￿ procedures in this regard are as follows..
Agreement of all income to bank statements
Re-calculating deferred Ir￿ome
Agreement of amounts paKI out to supporting dccuments
Re-calculating Ir￿Me in unrestricted fund
In addition to the above, our Pr￿edureS to respond to risks identifred included the following..
Reviewing the financial statement disdosures and testir)3 to supporting documentation to assess compliance with
provisions of relevant laws and regulations, which have a direct effect ¢)n the financial statements
Making enquiries of management,.
We used limited analytical review prO￿dureS during our audit work and pla￿d more reliance up on our transactional
and detailed audit tests'ng. Our analytscal review for highlighting trends were then reviewed and assessed aJainst our
detailed testing work.
As part of an audit in accordarKe with ISAS (UKI, we exercise professional judgment and maintain professional scepticisrn
throughout the audit. We also:
Identify aryj assess the risks of makrial misststement ofthe financial statements, whether due to fraud or error, design
and perfomi audit procedures resFonsive to those risks, and obtain audit evidence that is sufficient and appropriate to
provide a basis for our opinion. The risk of not detecling a material misstatement resuth'ng from fraud is higher than

NDEPENDENT AUDITORS REPORT TO THE MEMBERS OF
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the
override of intemal control.
Obtain an understanding of internal control relevant to the audit in order to design audit prO￿dureS that are appropriate
in Ihe circumstances, but nal for the purpose of expressing an opinion on the effectiveness of the charitable company's
intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related
disclosures made by the Trustees.
Conclude on the appropriateness of the Truste8s' use of the going wncem basis of accounting and, based on th6
audit evidence obtained, whether a material un￿rtainlY exists related to events or conditions that may casi significant
doubl on the charitable company's ability to continu8 as a going concern. If we conclude that a material uncertainty
exists, we are required to draw attention in our auditor's report to the r81at8d disclosures in the financial statements or,
if such disclosures are inadequate, to modrfy our opinion. Our conclusions are based on the audit evidence obtaned
up to the dat8 ofour auditor's report, However, futur8 events or conditsons may cause the charitable ￿MpanY lo cease
to conts'nue as a going concem.
Evaluate the overall presentation, strLKture and content of the financial statements, including the disclosures, and
whether the finanGial statements represent the underfying transacttons and events in a manner that aGhieves fair
presentation.
We communicate with those charged with govemance regarding, among other matters, the planned scope and timing of
the audit and significant audit findings, including any significant deficEncies in internal control that we identify during our
audit.
Use of our report
This r8POrt is made so181y lo the charitable company's members, as a body, in accordance with Chapter 3 of Parl 16 of
the Companies Act 2006, Our audit work has been undertaken so Ihalwe might stale to the charitable company's members
those matters we are requir8d lo state to them in an audilo¢s report and for no other purpose. To th8 fullest extent permitted
by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitsble
company's m￿nber8 as a body, for our audit v￿rk, for this report, or for the opnions we have fomied.
Matthew Higglnson FCCA (Senlor StatutoryAudltor)
For and on behalf of
Apc Accountants Limited
Chartered Accountants and Statutory Auditors
7 St John Street, Mansfield, Nottinghamshlre, NG18 1QH
Dale,. l?
10

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
(incorporating an income and expenditure account)
YEAR ENDED 30 SEPTEMBER 2024
Total
funds
2024
Total
funds
2023
as restated
Unrestricted
funds
Restrlcted
funds
Note
Income
Income from charftable activities:
Tax credts re￿Ived
116,898
827,633
944,531
1,409,895
Investment income
11,818
10,424
22,242
12,275
Total income
128,716
838,057
966,773
1,422,170
Expendlture
Expendlture on charitable actfvitles:
122,813
1,906,699
2,029,512
2,232,362
Total expenditure
122,813
1,906,699
2,029,512
2,232,362
Net income l (expenditure) before transfers
and taxatlon
5,903
{1,068,6421
11,062,739)
(810,192)
Transfer between funds
12
(80,462)
80,462
Net Income l (expenditure) for the year
174,559)
1988,180)
11,062,739)
(810,192)
Reconclllatlon of funds
Fund balance brought forNard at1 October
12
528,468
2,289,135
2,817,603
3,627,795
Fund balance carrled forward at 30
September
12
453,909
1,300,955
1,754,864
2,817,603
All of the above are derived from continuing activities. All gains and losses recognised in the year are included atJ)ve.
The notes on pages 14 to 24 fonn part of these financial statements

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Limited by Guarantee)
BALANCE SHEET
YEAR ENDED 30 SEPTEMBER 2024
Note
2024
2023
as restated
CURRENT ASSETS
Cash at bank and in hand
1,810,3
2,832,241
Other debtors
10
1,598
1,811,988
2,832,241
CREDITORS: Amounts falling due
within orE year
11
(57,124)
(14,638)
1,754,864
2,817,603
NET CURRENT ASSETS
1,754,864
2,817,603
FUNDS
Restricted funds
Unrestricted funds
General funds
12
1,300,955
2,289,135
12
453,909
528,468
1,754,864
2,817,603
These accounts are prepared in accordance with the special provisions of Part15 of the Companies Act relating
to small companies and constitute the annual accounts required by the Companies Act 2006 and are for
Circulation to the members of the company.
Signed on behalf of the Board of Truste6s
Trustee
Company Registration Number.. 03428850
The notes on pages14 to 24 form part of these financial statements
12

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Llmlted by Guarantee)
CASHFLOW STATEMENT
YEAR ENDED 30 SEPTEMBER 2024
Note
2024
2023
as restated
Net cash oufflow (inflow) from operating acts'vities16
11,044,093)
(874,083)
Cashflows from financial activities
17
22,242
12,275
Change in cash and cash equivalents
in this reporting penod
18
(1,021,851)
(861,808)
RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN
NET CASH FUNDS
Net Funds at1 October
2,832,241
3,694,049
Net Funds at 30 September
1,810,390
2,832,241
13

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1. ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key Sour￿ of estimation uncertainty in the
preparation of the financial statements are as follows:
Summary of significant accounting policies
a) General Infomiatlon and basis of preparatlon
The Derbyshire Environmental Trust Limited is a private company limit￿ by guarantee registered in England and
Wales. In the event of the chanty being wound up, the liability in res￿ of the guarantee is limited to £10 per
member of the charity. The address of the registered office is given in th8 charity information on page 3 of these
financial statements. The nature of the charity's operations and principal activities is the avRrding of grants to
third parties, including Environmental Bodies for approved projects underthe Landfill Communities Fund,
The charity conststutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Chaiities: Statement of Recommended PraGtice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Stsndard applicable in the
Unrted Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, Companies Act 2006 and UK
Generalty Accepted Accounting Practi￿.
The financial statements are prepared on a going concem basis under the historical cost convention, modified to
include certain items at fair value. The financial statements are presented in sterling which is the functional
currency of the charity and rounded to the nearest £ unless stated othenyise in indivhdual notes
The significant accounb'ng policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise ststed.
b) Funds
Unrestricted furKls a￿ available for use at the discretion of the Trustees in furtheran￿ of the general objectives
of th8 charty and which have not been designated for other purposes,
Restricted funds are funds which are to be used in accordance with specific restrictions impjsed by donors or
which have been raised by the charity for particular purposes. The cost of raising and administering such funds
are charged a3ainstthe specrfic fund. The aim and use of each restrict￿ fund is set out in the notes to the financial
statemnts
c) Income recognition
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally
entitled to the income after any perfomance conditions have been met, the amount can be measured reliably and
it is probable that the income will be received.
14

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
c) Income recognition (continued)
The Trust receives income from landfill operators and occasionally other Environmental Bodies under the Landfill
Communities Fund for the pU￿se of funding communty and environmental projects. The income from the landfill
operators charged to the Statement of Financial Activiltes when the funding is ￿e1Ved by the Trust as this is the
point at which the Trust is legally responsible for the funds.
The Landfill Communities Fund monies are held for SFending on community and environmentsl projects the
income is credited to the restricted reserv6.
Of the Landfill Communities Fund, the Trust receives a fee (usually 7,50/0 of e&h project approved or each
donation received) for administering the projects and this is credited to the unrestricted reserve. As the income
relates to specffic projects, th& administration fee is deferred over the life of each project.
Gifts in kind for distributs'on are included at valuation and recognised as income when they are distributed to the
projects. Gifts donated for resale are included as income ￿en they are sold. Donated facilities are included at
the value to the charity where this can be quantified and a third paty is bearing the cost. No amounts are included
in the financial statements for Servi￿ donated by volunteers.
Interest income is included in the SOFA when it has been earned.
d) Expenditure recognltlon
All expenditure is accounted for on an accruals basis and has been classrfied under headings that aggregate all
costs related to the category. Expenditure is recognised where there is a legal orconstructive obligation to make
payments to third parts'es, it is probable that the settlemenl will be required and the amount of the obligats'on can
be measured reliably.
All overhead expenditure is accounted foron an accruals basis as a liability is incurred. ExpEnditure includes VAT
which cannot be recovered arKJ has been classified under headings that aggregats all costs related to the
category as follows,.
Costs of generating funds comprise the costs associated with attracting vcluntary income.
Charitable expenditure comprises th¢)se costs incurred by the charity in the delivery of its activities and
seniices for ts benefKiaries. It includes both costs that can be allocated directly to stKh activities and
those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity arKI include the audrt fees and costs linked to the strategic management of
the charity.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to retlect
the use of the resource. Costs relating to a particular activity are allocatsd directly, others are
apportioned on an appropriate basis e.g. floor areas, per capita or estimated usage as set out in note 5.
Awards to appI￿ants are allocated to projects during the year and are charged to the SOFA when the
grant claim is submitted by the applicant, and can be identifi'ed as Meeting the requirements forthe grant.
Once the requirefflent of the grant are met, the furKls are transferred to the SOFA and current liabilities.
15

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
d) Expenditure recognltion (contlnued)
Admin fees are charged to the SOFA over the life of each project, the admin fee deferred at the balance
sheet date is detemiined by the stage of completion of each project.
I￿ecoVerable VAT is charged as an expense aganst the activity for which expenditure arose.
e) Debtors and credltors receivable I payable within one year
Debtors and creditors with no stated interest rate and recervable or payable within one year are re￿rded at
transaction price. Any h)sses arising from impaimient are recognised in expenditure.
fjTax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to
pass the tests set out in Paragraph 1 Schedule 6 Finance Acl 2010 and therefore it meets the definrtion of a
charitable company for UK corporatson tax purposes.
g) Golng concern
The financial statements have been prepared on a going con￿rn basis as Trustees believe that no material
uncertainties exisL The Trustees have considered the level of fvI￿S held and the expected level of income and
expenditure for12 months from authorising these financial stalements. The budgeted income and expenditure is
sufficient with the level of reserves for the charity to be able to continue as a going concem
2. INCOME
Unrestrfcted
Income
Restrlcted
Income
Total
2024
Total
2023
restated
Income from charltable activiti•s
Landfill operators
116,898
827,633
944,531
1,409,895
116,898
827,633
944,531
1,409,895
Investment Income
Bank interest received
11,818
10,424
22,242
12,275
Total incoming resources
128,716
838,057
966,773
1,422,170
Total incoming resources 2023 as
restated
190,410
1,231,760
1,422,170
16

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
3. GRANTS PAID IN FURTHERANCE OF THE CHARITY'S OBJECTS
Grants paid by category (per Landfill Tax Regulations 1996):
2024
£'ooo
2023
£'ooo
Category A
Remediation of land
Category B
Reduction of pollution
Category D
Public amenities
Category DA Conservation of biodiversity
Category E
Restoration of religious buildings or buildings of historical
interest
Non Landfill Community Fund Grants
1,906
2,083
Non
Grants paid during year
1,906
2,083
4. GRANTS PAID IN FURTHERANCE OF THE CHARITY'S OBJECTS
Analysls of Charltable Awards in the year
Grant Reclplent
£'ooo
Nature of award
Buxton Park Bowls Club
Nether Kellet Parish Council
81gg1esv￿rth Arts Collective CIC
Friends of Cromford Canal
Killamarsh Parish Council
Great Rocks Social and Industrial Club
12
Selbourne Parish Council
12
Over Kellet Jubilee Bells Project Working Party 12
Horstead with Stanninghall Parish Council
12
Coltishall Parish Council
13
Mountsorrel Parish Council
14
Bedale Sports Club & Community Centre
14
The zir￿ Project CIO
15
St Michael & All Angels Church, Earl Sterndale
15
Rothley Ivanhoe Tennis Club
15
Skipton Community Sports Hub
15
Tideswell Bowls Club
16
Kirkby Portland Cricket Club
16
Clough Hall Bowling Club
16
mayr￿ld Recreational Association
18
High Peak Theatre Tnjst operating as Buxton
Opera House
Carried forward to next Page
10
10
10
Rebuild of access paths and seats project
Play area
The BIGG Theatre
Beggarlee extsnsion
Solar project
Energy efficient project
New children's play area
St Cuthbert's Church
Replacement slide, Horstead
Cricket pavilion renovation
Repoints'ng Castle Hill memorial & new chains
Solar panel project
Renovations at Zinc HQ, Buxton
Kitchen & toilets project
Rothley tennis LED floodlights
New cofflmunity social space
New floodlighting installation project
Cricket net improvements
Clough Hall Bowling Club
Mayfield Community Playground
18
Anniversary access project
285
17

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
ILlmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
4. GRANTS PAID IN FURTHERANCE OF THE CHARITY'S OBJECTS
Analysis of Charitable Awards in the year Icontinued)
Grant Recipient
£'ooo
Balance broughl forward from previous pa3e
285
Swithland Memorial Hall
Salcare
Thorpe Village Hall
Montgomery Canal Restoration Trust
Tumditch Village Hall Committee
Collingham Tennis Club
Cheadle Cricket Club
Audley Football Club
Newcasde Town Football Club Youth
Bolsover District Council
Nature of award
18
18
19
20
20
20
20
20
20
21
Swithland Memorial Hall refurbishment project
Solar panels
Green energy project
Montgomery Canal restoration
Playground renovation
Lighting project
New practi￿ facilits'es
Grounds maintenance equipment
Grounds maintenance equipment
Whilwell Land Development - comrnunity & sensory garden
Protection, maintenance & improvement of Millennium
Square, Bristol
Clubhouse extension
Children's playground
Floodlight replacement project
Thorpe Meadows bridge replacement
Community play area improvement
History room project
New practice net facility
Refurbishment
Toilet refurbishments
Education centre
Westholme Court play area
Parf( St Playground transfomiation project, phase 4
St Mark's Church Shelton under one roof project
We the Curious
Peterborough City Rowing Club
PaNiich Parish Council
Colligham Foott)all Club
Nene Park Tnjst
Levs Play at 8ernards Heath
Kirkby Fleetham Village Hall Charity
Oakmere Cricket Club
Northwood Parish Hall
MeThJen Village Hall
Ecclesboume Valley Railway Association
Masham Parish Council
St Stephen Parish Council
Parochial Church Council of trie Ecclesiastical
Parish of Hanley
St Stephen Parish Council
Lutterworth Athletic Football Club
West Tanfield Memorial Bowls Club
Future Leisure in Coxhoe
Winster Playing Fields Association
Historic England
Wirksworth Regeneration and Development
cic
Fairfield Club Ltd
22
22
22
25
25
25
25
25
28
30
33
34
35
35
41
42
42
43
45
48
50
Park St playground transformation project, St Albans
Clubhouse extension
Renewal of green surround & repair of green edges
Active Life Centre - Solar panel installation
Refurbishment of children's play area, Winsler playing fields
Thornborough Henges
Wirksworth community skatepark
54
Fairfield b)wling pavillion
1,232
18

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
£'ooo
1,232
54
54
56
59
60
60
65
67
83
Balance brought forward from previous page
Buxton Rugby Union Football Club
Christ Church Corbridge
Langar cum Bamstone Parish Council
Stainforth Village Hall
Langwith Cricket Club
Quamford & Heathylee ￿Morial Hall
Ferryhill Tovm Council
Bishop Middleham Parish Council
Wood Lane Cricket Club
Phase 2 recovery plan
Repairs prqect
Village hall
Upgrade Stainforth villlage hall
Fencing and grounds improvement
Upgrade village hall facilities
Ferryhill renewables project
Regeneration phase 2
New disabled toilet & kitchen ￿heffle
Grants paid over £10,OCKI
Grants paid under £10,000
1,790
116
Total grants paid
1,906
5. TOTAL EXPENDITURE
Basls of
costs
Tolal
2024
Schemes
Governance
Total 2023
as restated
Costs dlrectly attrlbutable to activities
Awards to applicants
Administration
Entrust fees
Professional fees
Dlrect
Direct
Direct
Dlrect
1,906,615
65,606
29,379
1,906,615
87,534
29,379
5,414
2,083,239
94,334
49,059
4,512
21,928
5,414
Supporting costs allocated to
actlvltles
Insurance
General expenses
Transactlons
Transactions
76
168
258
68
334
236
334
884
Total expenditure 2024
2,001,844
27,668
2,029,512
2,232,362
Totsl expenditure 2023
2,208,236
24,126
2,232,362
Of the total expenditure, £1,906,69912023: £2,093,030 as restated) was attrtbutable to the restn'cted fund and
£122,813 (2023.. £139,332 as reststed) was attributable to the unrestricted fund.
19

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
Net incoming resources for the year are ststed after charging:
2024
2023
as
restated
Audit fee
6. TRUSTEES REMUNERATION AND RELATED PARTY TRANSACTIONS
No Trustee has claimed for any remuneration during the year (2023: None).
During the year £Nil in travel expenses were paid to Truslees (2023.. £211,
No Trustee or other person related to the charity had any personal inlerest in any contract or transaction entered
into by the charity during the year (2023.. £nil) other than the transactions disclosed above.
Owing to the nature of the environmental Trust and the compositson of the board of Trustees being drawn from
local public and private sector organisations, transactions may take place with organisations in wh￿h the Trust
has an interest. All transactions involvir)g such organisations are conducted at arm's length and in aGcordance
with the Trust's financial r8gulations and normal procurement procedures, All project expenditure is authoris&J
by the board as a whole including the main Trust funders Tarmac and Walleys Quarry who approve the project
related expenditure.
During the year, £Nil in grants were paid to Derbyshire Wildlife Trust (2023. £17,084) a Charitable Company in
which Mr B Carter is involved.
During the year, £18,174 in grants were paid to Salcare Limited (2023.. £18,174 approved) a Charitsble
Cofflpany in which B Parker is involved through Rural Action Derbyshire.
During the year, £8,820 in grants were paid to Ozzy Wheels BMX Limited (2023.. £8,820 approved) whrch is a
Derby City Council supported project where Cllr L Care is a councillor.
7. STAFF COSTS
There We￿ no employees during the year {2023.' none). No employee received remuneration in excess of
£60,000 (2023,. none)
Although the Trust has no employees, 2 (2023.. 2) memkrs of staff are employed by Derbyshi￿ County Council
(DCC) to work solely for the Trust. Slaff costs are also recharged from DCC for financial and legal servI￿s. These
employment costs are recharged to the Trust and included within the recharge figure noted in note 6 above. Total
amounts recharged in respect of staff costs during the year V￿re £87,534 (2023.. £84,627).
The total amount of Trustee and key management personnel benefits (including recharged amounts) was £83,226
{2023'. £80,859).
20

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
{Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
8. TAXATION
As a charity, The Derbyshire Environmental Trust Limited is exempt from tax on income and gains falling within
section 505 of the Taxes Act1988 or s256 of the Taxation of Chargeable Gains Act1992 to the extent that these
are applied to its charitable objects. No lax charges have arisen in the charity.
9. CASH AT BANK AND IN HANO
2024
2023
as restated
Restricted fund
Unrestn'cted fund
1,344,099
466,291
2,289,135
543,106
1,810,390
2,832,241
10. DEBTORS
2024
2023
as restated
Other debtors
1.598
1,598
11. CREDITORS: Arnounts falllng due within one year
2024
2023
as restated
Accruals and deferred income
Grants approved not yet paid
Other creditors
13,980
43,144
14,638
57,124
14,638
The aggregate amount of secured liabilities is £Nil (2023.. £Nill.
21

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
12. STATEMENT OF FUNDS
At30
September
2024
At 1 October
2023
as reststed
Income
Expenditure Transfers
General reserve
528,468
128,716
122,813 (80,462)
453,909
Total unrestrlcted funds
528,468
128,716
122,813 (80,462)
453,909
ReStr￿t￿ funds:
Schemes
2,289,135
838,057
1,906,699 80,462
1,300,955
Total restricted funds
2,289,135
838,057
1,906,699 80,462
1,300,955
Total funds
2,817,603
966,773
2,029,512
1,754,864
The restricted fund represents funding speCif￿allY for the on-going schemes of the charity of which £1,205,734
(2023.. £2,103,127 as restated) has been allocated against fijture projects that have not yet fulfilled the condition
for payment
Unrestricted general funds represent the administration fees agreed with the landfill operators for ￿MinIstering the
environmentsl projects carried out by the Trus( these funds can be used for..
a) To provide fvnds which can be designated to Specif￿ projects to enable these schemes to be
undertaken at short notice,. and
b) To cover management administration fund-raising and support costs without which the charity could
not function. and
c) To provKle an accumulatson of funds for future development opportunities designed to fvrther the
objectives of the charity.
The Trustees consider it prudent that unrestricted rpserves should te sufficient..
a) To cover two yearfs management, administration, fund-raisiTrJ and support costs,.
b) To cover the expected future winding up cosls of the Trust.
Unrestricted reseNes are currently above that rdnge.
Material transfers between reserves
The Trustees agreed to transfer £75,796 {2023'. £102.019} from its unrestricted reseNes to restricted reserves
during the year in order to apply futher funds to its charitable objectives as the Trustees telieve they have
Suff￿lent Unrestrict￿ reserves to continue as a going concem.
22

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
13. PRIOR YEAR ADJUSTMENTS
There has been a restatement of the opening resenies of £55,314 between the unrestricted and restrrcted
reserves. There was a miscalculation of the split of bank interest received between the unrestricted and restricted
reserves of£22,966 that should have been allocated to the unrestricted reseNe as this relates to interest received
on the bank balance held for unrestricted purposes in line with the fvnding agreement. There is also an adjustment
for £32,348 which ￿lateS to admin fees and plaques that were allocated against the unrestricted reseNe in
previous years which the income related to this was ￿oUnted for under the restricted reserve.
At30
September
2023
At30
September
2023
as restated
Interest
adjustment
Admin expenses
adjustment
General reserve
473,154
22,966
32,348
528,468
Total unrestricted funds
473,154
22,966
32,348
528,468
Restricted funds..
Schemes
2,344,449
(22,966)
(32,348)
2,289,135
Total restricted funds
966
Total funds
2 817 603
2 817 603
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Restrfcted
funds
2024
2023
as
restated
Total
General
funds
Total
Funds balance at 30 September 2024 are
represented by:
Current assets
Current liabilikn'es
1,344,099
143,144)
467,889
(13.980)
1,811,988
(57,124)
2,832,241
(14,638)
Total net assets
1,300,955
453,909
1,754,864
2,817,603
23

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
15. CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES
The charitable company has no capilal commitments or contingent liabilities at the balan￿ sheet date.
16. RECONCILIATION OF NET INCOMEIEXPENDITURE TO NET CASH INFLOW FROM OPERATING
ACTIVITIES
2024
2023
as restated
Net (expenditure) l income for the reporting period
(as per the Statement of Financial Activities)
Interest received
Increa￿ I Idecreasel in creditors
Ilncrease}I decrease in debtors
(1,062,739)
122,242)
42,486
(1,598)
(810,192)
{12,275)
{51,616)
Net cash (used) I provided by operatirvJ activities
(1,044,093)
(874,083)
17. CASHFLOW FROM FINANCING ACTIVITIES
2024
2023
Interest received
22,242
12,275
Net cash inflow from financing activities
22,242
12,275
18. ANALYSIS OF CHANGES IN NET FUNDS
At1
October
2023
At30
September
2024
Cashflows
Cash at bank
2,832,241
(1,021,851)
1,810,390
2,832,241
(1,021,851)
1,810,390
24

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
The following page does not form part of the statutory financial statements.
25

THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED
{Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
2024
2023
as restated
INCOME
Landfill operators
Bank Inte￿St
944,531
22,242
1,409,895
966,773
1,422,170
EXPENDITURE
Awards to appltcants
Administration
Entrust fees
Insurance
Audit fee
Sundries
1,906.615
87.534
29,379
334
5,414
236
2,083,239
94,334
49,059
334
4,512
884
(2,029,512)
(2,232,362)
{DEFICIT) I SURPLUS FOR THE YEAR
(1,062,739)
(810,192)
26