THE DERBYSHIRE ENvIRONMETrAL TRUST LIMITED (Umltod by Guarantee) FINANCIAL STATEMEKrs YEAR ENDED SEPTEMBER 21125 Company Reglstratlon Numbor: 03428850 Charity Rryistratlon Number. 1115855
THE DERBYSHIRE ENVIRONMEFifAL TRUST LIMITED (Llmited by Guaranteol FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 CONTENTS Pag• Company Particulars Rep)rt ofthe Twstees Reprts of the Auditor5 7-10 Finar181 Statsn*nts Statsmgnl of FIar Acthiritie5 Balance Sheet 12 Cash Flow Statsment 13 Notes to Ihe FIn¢01 Statemnts 14-24 The followlng pay dou not form part of the itthrtory flnancl•l ststement$ Inc4me arKI EXndttUre Accnt
THE DERBYSHIRE EbMRONMENTAL TRUST LIMITED REFERENCE AMD ADMINSTRATIVE DETAILS TRUSTEES". Mr I Cotter CllrA lfjng (Chair) Mr B Cartel IRe5KJn8d 10112r20241 Cllr L Care R Horry Mr RDpr Bennett Mr5 Sarah Welsh Mts Anna Cluley (Appointed 01110120241 Ms Rachèl B8nnett IAppoinled 18103120251 Mr Nick Adams (Appointed 17106120251 TRUST MANAGER Mrs S Walton FINANCIAL OFFICER Mr M Keryon County Hall Malllxk D&rfoyshire DE4 3AG REGISTERED OFFICE: COMPANY REGISTRATION NUMBER, 03428850 CHARITY REGISTRATION NLIMBER: 1115855 AUDrroRS.. Apc Chwiered Accountants and Registered Audltors 7 Sl John Street Mansfie Notb'ngharnshire NG181QH BANKERS., Lhjyds Bank 18uller Pl London SW1H OPR
THE DERB YSHIRE EMVIRONMENTAL TRUST LIMITED TRUSTEES ANNUAL REPORT Trustees, vtho are Iso directo ofthe charity for purposes of the CornpanEs AGt, submit their annual report aTrJ thè audtsd financial statements forthe year ended 30 September 2025. OBJECTIVES AND ACTlVtTIES The principal activity of the company, vthlch is limited by guarantee, is thè awarding of grants to third pathes, including Envtronmentd 8cJie5 for approved prclects under the Landfill ComMuneS Fund. FuThJing 15 received from Landfill Operators and other EnvirDnmentd Bodies. Awards are maje by a management committee ctfflposed of nominees 01 local aulhorilies and other public bJdie5 private irKlividuals. The TTUSI acts as an approved Environmental Body for admintslering awards by TaaC If0edY Lalarge Ta) and WaIY'S Quarry Ifornerty Red Industries). Since 2005 the Trust has been resp)nsIblorad1niStering the Tamac Landfill Communrties Fund natnally. The Trust has managed the Walleys Quary Comrnunty FuThY in parts of staft$ShIrel2D17-2Q2Sl. The Trust is also Gurrenyy administering sidual Landfill commun11$ FurKI nbmies fr£ ValenGia CommunitEs Fund, whth wa5 wound up in July 2025. In addition, the Trust has manag8d non Landfill Communities Fund grant scherne5 from lime to lime, in parti¢ular thè Lodge House Surface ne Communty FuThfj12012- 20161 aThJ part ol Aggogate5 Levy Sust•'nabillty Fund12002- 20111 DET'S su¢cèss Is measured 4ainst tts elJj8cbves of awarding grants in accordance with the ruth and crtsria of each fvnder whi151 recovering operatiry costs from adrninistrative fees. The Trust also assessed by ENTRUST against HMRC'S targets for Environmentsl Bodi95- ¢urrenUy Ihal un¥Jenl lund5 should be no rnorp than 1.5 thn5 ncome,. and to keep administrats'on costs within 7.5 % 018nnual proj8cI expenditure, Publlc Benefft In order lo ensure the Trust contrnues to benefft the public, it aims to manage funds dtstrlbuts grants on haIr ol the Trust's funder5 correctly and fairly in xcorrlance with the rules and criteria ol 8h fund. Thè Trust aims to award grants to schemes which will lead to bjng tem and sustainabl& improvèments to PèOF4e's qualty ol life th8 environment. The Tnjstworks to ensure that its operations compliant vilh th8 Charity COMMs1On$ Guklèlines and the requirements of the Landllll Communities Fund and those of any othei lund il man8$. The Trust vaue5 the wtsl conlribulKJn volunteers make to projects11 supp)rts. A5 11 a5 provJing a vltal source of labour and expertise lor the tsenefit of the wider communty, volunteers can also develop new skills which wll benefit them in the nership of a project is also imp)rtanl to the Trust. Public benefit is maximLsed by supportsng projects that 11 be owned and operdled by a atritY or a committee or group apint8d by Ihe local communlty. The sUstainalIty and enrOnMents1 aspects of propcts are also important lo the Trust. To have a er public benefit, projects should have 8 long lemi fLrture minimise environmentsl impa¢l. Finally, in orderlo rnaximi5e public tenefi( Trust has SLPPOrted projeclsthat improve access for people disabilities and mots'lity diffiGultie5.
ThE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED TRUSTEES ANNUAL REPORT AcHIEmENTs AND PERFORMANCE Achi8v8ments 1997- 2025 Slnce 1997, 0r £33rn has teen secured Ihrowh the Trust for pmjects uThJer the Landffil Communities Fund, wlth range ol Landfill Comrnunits Fund grant award&J from £300- £603,000 laverage 3,4¢Xli. During thi% time fuThding has teen secured for almosl1,360 Landfill Communilres Fund projects 0fwhh approximately 654 are in Defbyshire. Propcts funded outside Derbyshire are malnly managed by the Trust for Tarmac or Walleys Quary. However in this Feriod the Trust has comTnenced a TO distributing residual funding from Valencia Comrnunilies Fund, and most proiects fvnded from thi5 source wll probably be outside Derbyshire. During this finarKial yeartotal lunding of £880,160 has been secur8d under the LCF vAth Ihe raroe of awards from £2,460 trj £110,000 (average £20,469). In total 43 projects were supported 0fwhh 12 werp in DeYShI During year another round ofthe DET Funding Schem8 was h8bJ th lunding Irn eN&$. In selecting whi¢h prc¥e¢ts to support through this FuTrJ, the Trust aimed lo give consideratKJn to environrnenlal Impxll Garton Teductson and energy efficiency and stated a preference not to supwrt projects reliant on fossil fuels where ahemaltves are an opts)n, and also lo tske note of the level of depriVatn in the aa ol the project. A total of £41,618 was awarded to 6 PToiects, all within Derbyshi.. Risley vhth HopewEII Pafi5h Council- Biodiver5Ity Communlty Gmup (underspend of t1,0661 Pilsley Parish Council- rton Green Biodiverslly Communty Group Swarkstone Cnthet Club- Solar Pane15 Rykneld Bowling Club- Solar Panels lunder5Fend of £1,152) Lition Parish COU11- Playgffjund Project Winster Parish Councll- Fk)ren¢é Glodwin Fcolpalh Projtsrl luTrderBFend of £4801 Since 1997 the Work ol the TnL81 has beèn supwrted by a raNJe of Landfill OtEralor5 Environmental Bodies of which the principal funder5 hav6 teen Tamac Ifomièrfy Lafargel, Walleys Quarry Iforyn8rly Red Indu51riesl, Valencia Communities Fund Iform8Ay Viridor Credits), Brffa Award, Global Environmental, Hanson Environmentsl FuTrJ, Vwlia Environmentsl Trust, Cemex Communlty Fund and WREN. From liTh to bme the Tr(t ha5 a150 managed non landfill funds, in pathul8r part of the Aggregates L8vy Sustainabllrty Fund and a Section106 FLtThd on behall of UK Coal and DerbyshiTr County Council, Whilst the Trust is alwayB interest& in expbring the SSIbIlIty of man4ing other fuThJs, al Il present lime11 is soWy manwJing landfill luTrJing. Currently, prqects managed by the Trust are supported with grants awarded by Tamiac and Walleys Quarry. Trust ar*nowge5 I1r sUPPOrt with Ihanks, Flnanclal revlew During the year, the Trust re1Ved restricted funding of £1,123.09912024.. £827,633) frorn landfill Operato and other Environmentsl Bodies, including allocated interest the Trust aL80 alkxated £41,618 12024 £75,796) of ts own funds, added to the Teslricled reserves brought forward of£1,300,95512024.' £2,289,135) there wa5 a totsl of£2,465,67212024.' £3,192,564) available for funding projects under the Lar11 Communibès Fund. The Trust board mel 5 times during the year and allfKated £880,16012024'. £1,052,9351 to 4312024, 551 projects, During the year 61 {2024.' 831 proiects met Ihe fundirwj criteTia and were paid a total of £1,151,57912024.. £1,906,615) leavirYJ restricted reseNes carried foward ol £ 1,313,99212024'. £1,3t)J,9551.
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED TRUSTEES ANNUAL REPORT The deficil12024'.defficitl forthe yeaf was £47,54012024.' £1,062,7391 whh reduces reseNes. This is mle up of a deficit after Iransfet5, of £60,57712024.' £74,559) on the unrestred fund and a deficit of £13,03712024.' E988,1801 on restrted fu. The nel IUld assets of the charfty have decreased to £1,707,32412024.' decreased to £1,754,864). Thè principa funding sources are TarnaG, Waleys Quary and Valerla. After a 5kJw start, overall donations for year ere 0ra11 Sncan1lY twgher than 2024. Contrtbulions frorn Walleys Quarry ceased part way through the year, due to their landfill site closing and the company subsequently enteriro liquKlaln. However, lowards the latter part of the year. donations frorn Tarnx recovered from thè pvIouslY reduc levels. ForTamac, despite the gener81 trend for less waste going lo landfill, pathcularcircumslances meanllotal donations over the year re much higher. A contritiOn of residual lunds was also receNed from arK)ther Enwronmental Bc¥Jy, Valencia CommUneS Fund, followr¥J their closure in July 2025. The Trw81's Costs, which largely ¢omprise stsffir recharges by Derbyshire County Council. Irreased slIghY due lo a modest bcal govemmenl pay award. The Trust i8 aware ol the uncertainty of income ve1$ goin9 forwards and will be consRl8rirKJ how to manage this chall&r@e ov8r th8 coming months. Investment power8 and poll¢y Under the tem5 of Memorandum and Arts'cles of Ass(xIal)n, Ihe charity has the p0r to invest in any way the Tru5t8es wish. Reserves pollcy The Tru5tee5 have estsbli5hed a5 al 30 Septsmter 2025 the total thl of unrestn'cted reserves held amounting to £393,33212024, £453,909) to provide a buffer for uninterrupted 5ery¢ces due b any unforeseen ftjlure events. This repr8$8nts approximately 47 months administrative costs and wll be kept under revw. Plan8 for future perlodi Tamac are expected to continue to provide fvnding for the loreseeable fu1v, although the general Ind br kss waste to landfill means there is unlikely lo be a sustained recovèry to previous donation levels. Walleys Quary Lgndfill slle was ISSU with a closur& notice by the Environment Agency in Novembar 2024 and the company enleod liqubjation in February 2025, so there wtll be no further income from this source. The Trust continues to consider how to manage these challenges overthe coming months, bul has secured a role distribLrting residual lunding trom Valencia Communibes Fund, which will help in the short tsmi. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The Derbyshire Environmenta Trust Limited is a charitable company limited by guaranteè and was incorpjrated on 29 Augusl1997. It is govemed by a Memcirandum and Art'cles ol Association dated 29 August 1997 and updated in June 2006, May 2010, May 2012, and May 2018.lts objects are to award grants to third partEs. including Environmental Bodies for approved wcyects under the Landfill Communiti'es FuTha. 11 is registered as a ck*rity viih the Charty Commission. Appointment of Trustees New Trustees are normally invited lojoin the Trust by the ard, after having en nominated by their respective member bc¥Jies. The appointment is made althe firstavailable meeb'ng after r1p1 ofthe nomination The Trustees of1CompanY are also Trustees oflhe charity under Ihe company's Artbs and are mernrs ol the Management Committee. Under the
THE DERBYSHIRE ENWRONMENTAL TRUST LIMITED TRUSTEES ANNUAL REPORT requirements oflhe Memorandurn and Arbcles ofA$5ratIon the memters oflhe Management Committee are elected to seNe frK a penDY ol one year after which they musl te ected at the next Annual General MeelirKJ IAGMI. All rnembers are arculated with invitations to rKJminate Trustses prior to ttp AGM advLSiNJ thèm of thè retiring Trustees and r8questiNJ nominab'orts lor the AGM, Trustee Inductlon and tralnlng New Trustees rècefve an infomwtion pxk including det1$ of their al obligatiorts under chanty and company law, the M8mrandurn and Arbcles olAssociatson, the ¢Cmittee dgcision making prrttsses. and recentfinid Ferfornance of the charty. They arè invhed to meet kèy emFlJyees before being apwintsd. Organlsatlon The board of Trustees usually meet four limes a year to Teview Ihe strategy ar performance and to sel the 0ratIng plans and budgets The Financial OffKer rkS clcwly wlh the Trust Manager to ensure that the incon charged by the Tru51 is suffiGienl lo keep the Trusl viabte. The Financ5al Officer submits up lo dale financ reports lo Trustees rneeling5, showing Trusts ¢unpnl finarla1 posth'on. Internal control6 The chanty has sel systems of inlemal control, vthich are designed to provide reasonable, bul not absoluts, assurance a9ainst matenal misgtalemenl or ksss. Thèy Includè.. A strategic plan and an annual budget and quarterly reviews, approved by the Trustees. Regular wnsideralion by the Trustee5 of financial results, variance Irorn budgets, non-financial performance indicators and benchmarking revtews, DèI8galn ofauihority and 5egregalion of dutss. Idenknftalion and manayemènl of ri5k5. The Trustses have also sel thè following policiès on intemal control.. Clarlfied the reswnslbilty of management to implement the Trustees, pJlicies and Klentrfy and to evaluate visks for their considerthn. Communicated that employee5 have responsibility for inlemd control as part of their ac£ouniability fcr achiewng ObCtrveS. Embedded the Gonlrol system in the charity'5 oFerations so that il becomes part of the cumure of the charity. Included procedures for rewitiw failings immedkqlely lo appropriate levels ol management aTrd the Trustse5 together wilh detsi15 01 corrective action being undertaken. Ri$k managgment The Trustees have a rnanagemenl strategy whh compri5es.' An annual rewew ofthe risks the charity may fa, ak•ng with new risks a5 they arise The establishment of sysletll5 and p¥cKedur8s lo mitigate those risks identified in the plan,. and The iMpMentatton ol pTL&Ure5 designed to minimLse any potenb'al irnpact on the charity shOd those nsks materialise,
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED TRUSTEES ANNUAL REPORT This Drk has idenbfied a limited number of risks, bul has re5utted in tetter procèjures and ts)ntiThJency plarts ¥KI has given the imFelus lor tetter planning. PrCdure5 are in plxe lo ensure compliartt wlh health and safety of stsff and lIOrS to the premises. A key ernent in the rnanagemenl of financid risk is the Cc'nUed revEw of the level of reserves. TRUSTEES RESPONSIBILTIES The Trustee5 in offe durir4J the year are li51ed on page 1. AL50 Itst on page 1 k8 the charfly's registered number, the charity's registered office addres5 and charitys banke. The Trustee5 (W are alg) directoTr of The Etby5hire Enmfonffentsl Trust for Ihè wrposes ol company lawl are responsiNe for preparing the Trustees, Annual Rewrt and the ffinancial statements in accoTdance with applrAble law arKI United Kin9Jorn Accounting Stsndards (United Kingdom Generally Ac¢eptsd Anting Pracltil. Company18w requires the Trusteey to ppa fjnand81 ststèments for each financial year. Under company law the Trustees musl not approve Ihg financial statements unless they are Satisfied that they give a trne and lair vW of the state of affair5 01 the charitsbb company and of the incomlng resoutce5 and appliGalion of resoue5. inoiuding th8 Irne and expenditure, of the charitsble company for Ihat periTrJ. In preparing these financial statemènts, Trwte8s are required sebct suttable auntIng polichqs Ih8n apply th8m consistenuy., obs8ry8 the mèthods and prilpleS in the Chariti'es SORP 2019 IFRS 1021,. make judgements and eslimai8s that are reasonabkg and prudent,. stal& whether appIable UK Accounting Standards have been folknved, subject to any mat9rial departurES disclosed and explained in the financial slalements,. ppare the financial slalem8nts on the going concem b&8is unless il is inappropriate to presume that the charitable company will continue in Operan. The Trustees are responslble lor keeping adequate accounting records thal disclose with aSonab cUraCY at any tirne the financial p)silKJn ol the charstable comwy and enable them to ensufy that the fInarlar statements comply wlth the Companies Act 2006. They are also respJn51ble for safeguardirvJ the assets of the charilabl8 company and herKe lor taking reasonable steps for ts prevention and detection ol fraud and other igUlarities. In so far a5 the Trustee5 are avRre', there is no rebvant audit information of whiGh ttE charitable ¢ompany's audttor Is unaware,. and Tru51ees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audrt infomats'on aTrJ to e51abli5h Ihat the auditor ts aware ol that infomation. AUDITORS The aLfrJrtors ADC are deemed to be re.app)inted under stIOn 487121 of the CompanEs Act 2006. The rewrt ol the Trustees has been ppar*I In 0rd th the speaa provIsn$ ol Part15 of the Companies Act 2006 relth'ng to small wmpanies. On behalf of the board of slees Trust88 Dated..
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED Oplnl¢)n We have audrted the financial statements ol The Derbyshire EnvIronnI Tnjsl Limited lthe 'charitsb company'l lor the year ended 30 September 2025 which comprise primary statements swh as the Statement of Financial ActiVe$, Balance Sheet notes lo the financia statements, including a summary of significant accountiro p)Its. The financial rewrting frarnework that has been applied in their preparation is applicable law and United Kingdom Accounting StsndaTds, induding Finala1 ReFQrtmg Standard 102 The Fin8ncial Repoth'ng Sl8nd8rd 8pplicable Ihe UK ancl RepublK of Ireland (United Kirvjdorn Generally Accepted Accounting Practice). In our OnIOn the financial statemènts.. give a In aTrJ fair vlew of Ihe state ofthe charftable &)mpany's affa'rs as at 30 Septemter 2025, of ts IOrng resource5 appltcation of resources, including its income and expenditure, lor the ye8f then ended,. have been properfy prepared in accordance wrth United Kirodorn Gen8rally Accepted Accounting Practice,, and have been prepared in cOrdar with the requirements ol the COmpanS kt 20C6. Basls for oplnlon We condNlfrd our audit in Kcordance 1th Inlematijnal Standards on Auditiry (UK) IISAS IUKII aTrd 8ppIKabk law. Our reswnsibilities under those stsndards are further desCrid in the Awjilor responsibilibes for the wdrt of the finar181 stalements Section of our report. We are independent ol company in accordance with the elhKal requirernents that are relevant to our 8udll of the financial statements in the UK, including t1 FRC'S EthiGal Standard, and we havg fulfilled ¢r other elhiGal respOlbIlitIeS in accordance wtth these requirenIs. We beIve that the audrt ewd8n¢è we have obtained is suffKKgnl and appffjpriats lo provld8 a basis lor our opinKJn. Concluslons r•latlng to golng concern In audihng thè financial statements, we have ctsncluded that th8 Tws1. use ofth8 going ¢oncem basis of aUnting in the prnparation ol the financsal statements is appropriate. Based on the work we have Ferfomied, w8 have not idenb'fied any material uncertainties telaliNJ to events or conditsons that, IndivKlually or collectivèly, may cast significant iioubl on the companls ability lo contsnue as a going corKem for a period ofal18asl t1ve months frorn when the financial statements are aulhorised for issue. Our respon5iknlities and r8SFondb1les of tr Trustees wlh resFttt to going concem are described in the relevant secl'ons ol report. Other InforMon The Tmsteès are responsible for the other infomiathon. The other infomab'on comprises th infomalKin included in the report ol the Trustees. other than the financial staterrents and our auditorfs repJrt Ihereon. Our op1rOn on the financial stslements does not cover the other infomiab'on and, except lo the extent otherwise expluuy slated in our report, we do Thjl express any fom of assurancè concluston thern. Our respon5ibilty 15 to re&J fv other inforrnalwjn aTrJ, in doir¥J 50, CSIder vtstheT the other infomiation is maleriawy inconsistsnl with the financial ststements orour knowledge (blained in the cOue ol the audit or otherwise appears to te materially misstated. If identify such material in¢onsistencie5 or appaonl material mthtements, we are required to delerrninè whèther this gives rise lo a matenal misstatement in the financial stslèments themselves. If, based on the work e have performed, corlude that there is a rnatenal misststemenl of Ihis other information, are required to report that facL W8 have nothing to report in this regard.
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED Oplnlons on other matters pre5crlbed by the Companiès Act 2006 In our Opinn, based on1he )rk undertaken in thg thrsè of audiL' th8 infomiabjn given in the Trustees, repjrt IKuJrp)ratiNJ th8 directors, r8POrtI lor tre ffinanci81 yEaT tor whh the financial statements are prepared is consislenl ¥th the financial 5tatements,' and the directors, rèport has be8n pwared in accord£8 with applrAbkg legal requirew£nis, Matters on whlch w• are r•qulred to report by axceptlon In the Iyhl of our knowbjge and und&r5tsnding ol thé charitsble company arkl its enronment obtsined in the course of audit, have not Klenb'fied material mi55tatèmènts in the dir8¢tors' r8FOrt We have nothing to repNt in respect of the following maiter5 in relation to which the CompanEs Act 2J6 requires us to pJrt lo you rf, in our opinion.. &J8quate accounbng récords have not téen kept, or retums adequatè for wr audit have not been received from branches not visited by us., or the financial statémènts arè nol in agmmenl with the accounting records and r@lums,' or certain disclosures of directOf5' reMUneratn specified by law are not rnade,. or we have not received all the information and explanal'ons we require for our audit Ihe Trustees wer8 not enlitbd lo prepare finanual stat8m8nts in accordance wrth th8 small companie5, regimg and lake advantage of the srnall companies. exemptions in preparing the director5, rgport and from the requirement to wepare a strategic pOrt. ReJpon8lbllhl•s of Trustees As explained more fttlly in thè Trustees, rasp)nsibilits'es statement sel out on page 6, the Truste&s Iwho are also the directors of the charitable company for the purpose5 of company lawl are resp)nslbk for ts preparation ol thè financAal statements and forteing 5ali5fied that they give a true and fair vi, and forsuch intemal control asthe Trustees determine necessary to enable ihe preparalw ol finanu81 statem8nls that are free from material rnr6slatement, whether due to fraud or error. In preparing the financial ststemenls, the Tru5t88s are responslble for aSSesng the charitable company's ability to cont¢nue as a goirKJ concem, disclosing, as applicable, matters related Ir> going concem and using the going concem basis of accountsrrfJ unless the Trustees either intend to liquidate the Charitsts company or lo cease operatK*n5, or have no realistic allemalive bul to 50. Audttorfs ro8pon$lbilitios for thè audtt of the finandal statèments Ourobjeclives are lo obtsin reasonable assurance about vthetherlhe finartial ststements as a whole are free frorn material misstatement, whether due to fraud or error, and to issue an audil0rf5 report that includes our opinion. Reasonab assurance is a high level of assurance, but is not a guarantee that an audit conducted in COrdanCe wAth ISA5 IUKI wll dways delect a material misslalemenl wkn it exists. Mi55ts1ements can arise frDrn fraLkl or error and are considered materiJ rf, indivKlually or in the aggregate, they wuld reasonably te exFrfled to influènce the economic decisiDn5 01 usets taken on thè basis of these financia sta18ments. ITTegularilies, including fratyj, are instance5 of nonvcomplianGe with law5 and regulalKsn5. WÈ d&sn prCUres in line with our responsibilit$, out11rd above, to detect material misstatemènts in respect of irregUlar'es, including fraud. The extent to which our procedures are Capab of detecting irregularilEs, irKludirpJ fraud is (ktsiled tsel)w.'
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED Because of the Inrent limrtalKJns of an audlt. there is a risk that will not detect all IrregularSties, ifludIng those leading to a material misstatement in the financial Statements, as VAPI te less likely lo become aware of instances of non- complian. The risk is also greater regarding irregularibes occurring due to fra rather than error. as fraud involves intentional OJncealn%nt, forg&ry, collusDn, (#nIss or misr8presentatvJn. Identlfylng and as8e8sSng wtentlll rf5ks related to Irregularities As detailed atDve we caThd out our audit in line with the appropriats guidance. In regards to our procedures during the initial planniw, onsite work and final miew stages we assessed our audit plan against the ChaIng environments and updated wherever appropThate. In thnlfying and assesslng risks of material mtsslatemenl In Te5Fect of iff8gularities, includiNJ fraud and non-compliance vmth laws regulations, we have considered and carried ovl a background infom)ation assessmènt on the ¢ompany and looked at aw ol th& approprth laws and regulathS thal Ihe company rnusl &Jide bMIh. These inGluded GDPR, Health & Safety aTrJ Chaiiti'es SORP. The signifrAnl laws and regulations in regards lo th8 business in addition to Companies Act, Health & Salety and GDPR are regularty reviewed by Ihe company's management updated for Bompliance. Audlt rnsponie to rlik8 identlfied As a result of perforrnirvJ the above, we identsfied income wgntticfi as key audit matters related to the pjlential nsk of fraud or grror. Our sFecific procedures in this r8gard are as follows., Agr8emènl of all income to bank statements Rewcalculats'ng deferred iwme Agrè8mgnl of amounts pa out to supporting d(unts Re<alculaling irKom8 in unrestrfcted fund In addillon to the atove, our procedures to respond lo risks Klentif iKltkled the following.. ReVierj the financial ststemenl disck)5ures and te51irg to supporting docUMentan to assess compliance with provisions of relevant laws and regulations, which have a direct effoct on the fmancial stsiements M&king erquiri8s of manag8m&nt', We used lirnited analyb'cal review procedure5 during our audit work and placed more liance up on our transactional and detsiled audit lestin9. Our analytical rewew for highlighting IreThJs wèrè then reviewed and assessed against our detsi18d testing work. As part of an audit in accordarte with ISAS {UK), we ex81$e professionalju6Jrnent and maintain professional sceplicisrn throughout the audiL We also.. Idenbfy aTrJ assess the risks of material misstatement of Ihe ffinancial slatemenls, whelherdue lo fraud or error, design and perfom audit procedure5 Tesportsive to those risks, and obtain audit eviderte that is suffic1 and appropriate to provide a basis lor our opinion. The risk ol not deltIng a material rnisstatemènl wulling from fraud is higher than for one resultsng fmm error, a5 frdwj may Invol collusion, forgery, intentiL)nal orniMons, misrepresentab'cffis, or the override of internal control. Obtain an understsnding of intsmal control relevanttothe audit in orderto design audit procedures thatare appyopriale in the ciicumstances, bul wlforlhe purpose of expsIng an opinion on the &ffecli*nes5 oflhe thwitable companls intemal control.
INDEPENDENT AUDtTORS REPORT TO THE MEMBERS OF THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED Evaluats the appropriateness of accounting used a1 the reasonableness ofaccounling estimates and r8labJ dtsdosures made by the Tnjstees. Conclude on the 8ppr<prialeness of the Trustees, use of the going conrn basis of untIng and. based on ti audit evidence obtained, whether a material uncertainty exists related to events or CondonS that may Gasl significant doubl on Ihè chantable company's abilrty lo continue as a going concem. 11 conclude that a material uncertainty exists, are required to drdw attention in our auditorfs rewrt to the related discbsures in the financial statements Dr, if such disclosures are in)Jequate, to modify our opinion. Our conclusion5 are based on the audtt ewdence obtained up to the dats ofourauditor's report. However. future events orcondilKJns may Gau5e the Gharitsble Gompany lo cease to continue as a going concem. Evaluate ov8rall presentation, structure and conlenl of the finan¢ial stalerrents, irKJudlng the dIsre5, a whether the financial sts18m8nts repSent underfying transtionS and @vènts in a manner that achwes fair presentation. We communicate wlth those charged 1th governance regarding, anong other mattets. ttE planned 5cJJpe arwj liming of the audil and significant audit findings, including any significant deftvdncies in intsmal control Ihal we identify dunng our audk. Use of our report Thr5 report is made solely to the charflable companys membèrs, as a bjdy, in accordance vith Chapter 3 of Part16 of the Companles Act 20( Ouraudil work has been undertaken so that we might stsle lo the charitable cornpany's rrombers those mattets we are required lo stsle to Ihgm in an auditorfs report and lorno 0th8rpurwse. To the fullest extsnl pemwtt by law, we do not accept or assume SponsIbility lo anyone other than the charitable company and tr* chantsble CompY'S memters as a dy, for our audit work, for this report, or for the opinvJns we have farmed. Alalthew Hlgglnson FCCA fsenlor StstutoryAudltor) For •nd on behalfof Apc Account•nts Llmll•d CharteredAccountants •nd St•lutoryAudltors 7 St John Stroet, Mansfleld, Nottlnghamshiro, NGI8 IQH Date.. "Lx1031iozfa' 10
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED (Limlted by Guarantgel STATEMENT OF FINANCIAL ACTMTIES {inwrporating an income and expendlturo account) YEAR ENDED 30 SEPTEMBER 2025 Total lunds 2024 Total nds 2025 unstrIcted fvnd Re8trfcted funds Noi• Income Incom? from charitable activitles: Tax credits wived 109,680 1,116,435 1,226,115 944,531 Inveslmenl income 8,237 6,664 14,901 22,242 Total Income 117,917 1,123,099 1,241,016 966,773 Expendltur• Expendltur• on charttable •ctlvltl•J'. 136,876 1,151,680 1,288,556 2,029,512 Total expndttur• 136,876 1,151,680 1,288,556 2,029,512 Net Income I l•xp•rKllturg) bofor• tran•f•rn and taxatlon 118,9591 128,5811 147,5401 11,062,739) Transfer tehlpen funds 12 141,618) 41,618 Incomo l {expMdlturel for tha year 100,S771 13,037 147,5401 11,062,739) R8conclllatlon of fund• Fund balance broughl foNrarf al1 Crtober 12 453,909 1,300,955 1,754,864 2,817,603 Fund bilance carrSed forward at 30 Sèptember 12 393,332 1,313,992 1,707,324 1,754,864 Afi ofthe ave are derived fmm continuing athvities. Ml gains aTrJ losse5 reccgnised in year are indud8d *Jove. The notes on pages14 to 24 fo part ofthese financial statements 11
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED (Llmited by Guarantsol BALANCE SHEET YEAR ENDED 3Q SEPTEMBER 2025 2025 2024 CURREpif ASSETS Cash at bank arna In hand 1,735,561 1,810,3 Other debtOf5 10 1,598 1,735,561 1,811,988 CREDITORS.. Amounts falling du8 within onè year 11 128,2371 157,1241 1,707,324 1,754,864 NET CURRENT ASSETS 1,707,324 1,754,864 FUNDS Restricted funds Unreslncted funds Generd funds 12 1,313,992 1,300,955 12 393,332 453,gJ9 1,70T,324 1,754,864 These accounts are p¥epar&J in accNdance wlh th8 SFrfial FKDVIsns of Part1 S of the Companies Act relaliryj to small compans and consliluts the annual accounts required by th8 Companie5 Act 20C6 and are for circulation to th8 m8mb8rs ol the cornpany. Slgn8d on behalf of the Board of Trusts Twstee Company Registration Number 03428850 The notes on page514 to 24 fo part of these finarKial ststernents 12
THE DERBYSHIRE ENVIRONMENTAL TRUST UMITED (Llmlted by Guardntell CASHFLOW STATEMEP YEAR ENDED 30 SEPTEMBER 2025 2025 2024 Net cash ouffiDW linfflowl from operatrng activlbe515 189,7301 11,044,093} Cashfflows from financial actNKies 16 14,901 22,242 Change in cash and cash 8qUNabnts in IhK8 repjrtjng pèriod 17 174,829) 11,021,851) RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET CASH FUNDS Nel Fund$ at1 Ixober 1,810,390 2,832,241 Nel Funds at 30 Septefflber 1,735,561 1,810,3 13
THE DERBYSHIRE ENVIRONMENTAL TRUST UMITED (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 I. ACCOUNTING POLICIES The principal accounliNJ policies adopted, judgemènts and key sources of estimation uncèrtainty in thè PreParan of the financial Statements are as follows.. Summary of 8lgnlflcant accountlng pollcl al General Information and basls of preparatlon The Derbys.r8 Enmronmenlal Trust Limrted is a private company limited by guarantee wtstered in England and Wales. In Ihe event of the chanty beirvJ wound up, the liability in respect of the gLsaranlee is limited lo £10 per member of the chanty. The address of the registe offe is given in Ihe charity lnfomialn on page 3 of these financial statemenis. The nature ol the charity's operations and principal athvilies is the awatding ol grants to third parties, including Envin)nmental 8(Idl8s for approv projects under the L8ndffill Communits Fur, The charity wislllutss a public benefft enlty as defId by FRS 102, Thg financial ststemon15 have teen prepar8d in accordance with Accounbng and ReportiNJ by Charit5.. Slalgmenl ol Rewmmended Praclre applicab lo charitses pffjpanng their ¥counts In ardance Ihe Financial Reporting Standard applicable in the UK aTrJ RepublK Df Ireland issued in October 2019, thè Financial Reporting Standard applicable in the United Kingdom and Republr of Ireland IFRS 1021, the Chanb'es Act 2011, COmpanS Act 2006 and UK Generdly Accepted AccountiryJ Pr8cb'ce. The finala1 statements are y8pared on a going concem basis under Il historical cost Conventson, Modif to include certaln Itèffts al falr valuè. The financial 5taternents are presented In sledlng which is the functDnal currency of charity arKI rounded b th8 nèar8sI £ unless statsd otlKpMse in iThlividual notes Thè signifan1 accounling lIe$ applied in Ihg preparatijn of these ffinancial Statements are sel out below. Tse p)1&S hav8 be8n consislenlly applled to all year5 presented unless otherwise ststsd. bl Fundi Unreslrfcted fvnds are avaIlae for uge al the discrekn of the Trustees in furtheiance of the general objecb'ves of tke charity and which have Ml be8n deSnated for olher purposes Reslncted funds are fijnds which are lo used in accordance vith specffic restrictions imposed by donor5 OT which have been rarsed by the charity for particular purposes. The cost of raising and administering such fvnds are charged against the specffic fund. The aim and use of eh restricted fund is sel out in the rvJles to the fjnancial ststements cl Income recognitlon All incoming resour a included in the Ststemenl of Financia Activities ISOFAI when Ihe charity is legally enliued lo the income after any perfomwnce ¢Cd1.0nS have been met, the amountcan be measured reliably and 1115 probable that the incorne will be received. 14
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMtTED (Limit•d by Guaranteo) NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 30 SEPTEMBER 2025 c} Income recognltlon Icontlnuedl The Trust receives incorne from laTrafill operators and oc£asionaltyothei Environmentsl Bojies under the Landfill Communities Fund for the puw offuTrYing cornmunity and environmental proiects. The income ftom the landFIll OP9rators Charged to the Slalemenl ol Financial Actiwti'es when the fvThJing is received by the Trusl as this s Ire Foinl al whh the Tnrsl is legally responsib for the funds. The Landfill Communities Fund monies are held for SFending on community and environmentl pro1 the income is credited lo the restricted reserve. Of the Landffill Communities Fund, th8 TNst receives a fee (usually 7.5% 01 each proieGI approved or eh donation received) lor administering the prqects and this is credrted to tha unrestrictèd serve. As thè income relate5 to specifK project5, the adrninistrathon fee is deferred over the life of each project. Gift5 in kind lor dtstrlbutKJn are Included at valuation and ogniSed as incomè thèy are dtslributed lo the projeots. Glfts donated for resale are included as income when ihèy are sobj. t)onated IlI111&S 8re included al the value b the chaiity there this Gan be quantifd and a third party is bearirvJ the cost. No amounts are inc110d in the fina181 sta18ments for donated by volunteers. Intsresl income rs Iluded in the SOFA when it ha5 been eamed. dl Expendlture iawgnltlon All exp8ndiluTe15 xcounled for on an xcruls basis and has teen Classif under headiThJs that aggregate all costs related to the cagory Expèndllurè is recognised where there is a legal or constructive ovation lo make payrTrents lo third parties, il is probable that the settlement w511 b8 r8ouir8d and thè amount of thè OblaOn can bè mèasured oliably, All overhead expenditure is accounted for on an accruals basis as a liabilityls incurred. E¥Fenditure indudes VAT whlch cannot bg recovered and has teen classifd under headings that aggregate all costs reL3ied to thè category as folk)ws'. Costs of g8nerats.ng funds comprise Ike costs a55(Kiated vlith attractirrfJ voluntwy inco. Charitable eXndrture comprises those costs inourTed by the charity in the delivery ol its tiVitieS and sèrvices for its beneficiaries.11 include5 bDlh cos15 that Gan be alljcated directly to SLdi actiwtses and those costs ol an indirecl nature necessary lo support them. Govemance costs include those cc6ts associated wlh meeting the conslhutional and stabjtory requir&menls ol th)& charity and includ8 th8 audit fee5 and wsts linked lo the 51ratsgt managempnl of the Gharity. AII costs aTe allocatsd belwEen the expenditure CategOS of the SOFA on a basis desiqred to refl the use of th8 resource. Costs relating to a Partular bvty are allwated directly, others are apportioned on an appropriate basis e.g. flo)r areas, Fer ¢apita or estimated usage a5 set out in note 5. Awards to applunts are allocated to projects during the year and are charged to thè SOFA when tr grant claim is submrtted by the applrcanl, and can be Identif as meeting the requirements forthe grant, Cmce the r8quirement of th8 grant are mèl, the fUS are transferred to the SOFA and current liabilits'es 15
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED (Limlted by Guarantsel NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 dl Expenditure rocognltlon Icontlnued) Admin lee5 are charged to the SOFA over the life ofeach project, the ajmin fee deferred atthe balarKe sh8è1 date Ss deternin by stsge of completion of each project. Irrecoverab VAT is charged as an expènse 4anst the xtivity for which exFendiiure aros8. •) Delknrg and credltorn recelvable I payabbe within one year Debtors and creditors vAth no stated inl8resl rate and receNabk8 or payable within one year are recorded al transaction price. Any1055es arising from impl8n1 are reGfrJnis&J in eXwnditU. fjT Th8 charfty is an ex8mpt charity yh1 Ihe m8aning of hedUle 3 of Ihe Charl1 Act 2011 i8 considerèd lo pass the tèsts sèt tsul in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il meèts thè dèfinIn of a ¢haniatle MpanY for UK ¢orpJratton tax purp)ses. gl Golng concom The finala1 ststements have been prepared on a going concem basis as the Trus18es b81ieve th81 no material uncertainties exist. The Trustees have considered the level of funds held and expected bv&l ol income and expenditure for12 months from aulhori5ing these frnancial Statements The budggled income arKI expeTrJiture 15 sufficient with the lèvel of res8rves fci the charity to be able to continue as a going concèm 2. INCOME Unroitrlctod Income Restrlcted Income Total 2025 Total 2024 Incorne from Charltable actSvltles Landfill operators 109,680 1,116,435 1,226,115 944,531 109,680 1,116,435 1226,115 944,531 Investment Income Bank intere51 received 8,237 6,664 14,901 22,242 Total Incomlng resources 117,917 1,123,099 1,241,016 966,773 Totsl incoming resoue9 2024 as restated 128,716 838,057 986,773 16
THE DERBYSHIRE ENvIRONME[AL TRUST LIMtTED (Limiled by Guaranto0) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 3. GRANTS PAID IN FURTHERANCE OF THE CHARITYS OBJECTS Grants paid by category Iper Landfill Tax Regulab'ons 19961.. 2025 £'ooo 2024 £'ooo Cate90ry A R8m8diation of land Category B Reduction of lltion Category D Public amenities Category DA Conservation of biodiversity Cate90ry E Restoration of religious buikliryJs or buildings ol historical interest Non Landf1 Community Fund Grants 1,151 1,906 Grnnts pald durlng year 1,151 1,906 4. GRANTS PAID IN FURTHERANCE OF THE CHARiff's OBJECTS Analysls of Charltable Awards In the year Grant R•cSplont £'ooo Nature ol award Ecc185bJume Valley Railway Assoaaban Skiplon Community Spjrts Hub Mainsforth Amateur Boxiro & Fltness Club Swarkeslone Cricket Club 10 10 10 10 12 13 14 Education centre N8w communlty soaal space Improvements to Ihe Club Solar pane15 morfal Park Solar panels Nether Langwith Village Gen imprr)vements Solar pane15 High Pèak ntsnqe pro1, Cole Heath Recreth'c Ground Phase 3 propcl- toilet È4ock building Solar proj&1 Improving SItOr experierce at Fingnnghce WIGk Nalure Discovery Cent Play are8 for Weflington Clubhouse exlension was Iand riverbank resknation Sonning Ctynmon Parish Couroil Rykneld Bowling Club Nether LangvAlh Pansh Coun¢ll Kingsley organon 14 High Peak Borough Council Conglelon Rugby Unton Foolball Club Wcod Lane Crk81 Club 15 15 15 Essex Wildlife TnLs1 Wellington Community AsSocialn Pelerborough City Rowng Club The Coltech FouTrJalc Lockingion cum Hemirglon Parish Council & Heminglon Recreation Ground Masham Town Hall Community Charity Lid Parwich Memonal Hall Sevenoaks Indtsjr BOW Club Eight Ash Green Crket Club Sl Marfs Chutch, Knutton Carried forward lo next page 16 16 18 18 20 20 Hemk)ck comrnunity and swrts pawlion project Stage 3 imprtrvements Alrewas Island riverbank rèstoration InstallalK)n of solar panels Jèmising & improving the clubhouse Boiler project 20 20 326 17
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED {LimitBd by Guaranteg) NOTES TO THE FINANCIAL STATEhlENTS YEAR ENDED 30 SEPTEMBER 2025 4. GRANTS PAID IN FURTHERANCE OF THE CHARITY'S OBJECTS Analysls of Charltable Award6 In the year (continued} Grant Reclpient £'ooo Balance brought foThRrd from previous pe 326 Clough Hall Bowling Club Blunham Spjrts and S181 Club Peak StThct National Park FoundatiJn North K8ste¥en District Council Sl Michael & Al Angels Church Par(Khial Church CourKil of the E¢cl&skthal Parish of Hanley Audley Cricket Club co1Y H8ath Parish Council Gaw5WOrth Parh Council Mollish Rugby Fcotball Club Madeley Whts51ar Football Club Kem5irvJ Cricket Club A¢aYèmy of Th881re Arts Tideswell Parish Council Bwnall End Cricket Club & Miners Welfare Lutterworth Cnckel Club NeaSle Town Ftball Club Youth Nature of award Improved accessibility palhway Creabng clean en8rgy & sustainability ChangiNJ pl%es toilet at PSleY Hay Sand play arèa Re-roofing & decoration 23 25 26 26 27 29 30 30 30 30 32 32 35 35 37 38 39 72 63 69 1,074 77 Sl MalK'S Church Shetton under one roof pro1 Grounds maintenance equipment High Street reCreat)n ground play 8Tra Play area n0VatIOn Ftcodlighling Clubhouse project Prdcbce lacillty Brad*pll Education Centr8 improvernents Richard Lane playground Solar project Improvements Bc41er projoct Training n8ts Community cant Poruand Inn propcl Phase 2 rvery plan Audkgy CrKkel Club Chin5gy, Buxwtyth & Brownside Parish Counc POand Inn CIC Buxton Rugby Union Foolball Club Grants Pa uTrJer£10,(KJO Totsl grants paid 1,151 18
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED (Llmiied by Guarantee) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 5. TOTAL EXPENDITURE Basis of costs Total 2025 Total 2024 Schem Governan¢• Costs directly attr•butabl8 to activltles Awards to appiants Adrninislralion Entru51 fees Prof8sstr)nal fees Dirnct DlroGt Dlrect Dlrèct 1,151,579 72,746 35,631 1,151,579 94,667 35,631 5,956 1,906,615 87,534 29,379 5,414 21,921 5,956 Supportlng Colts allouted to aetivitles Insurance Gen8ral expenses Transactlons Transactions 62 201 411 49 473 250 334 236 Totsl expendltur¢ 2025 1,260,219 28,337 1,288,556 2,029,512 Total expendltur• 2024 2,001,844 27,668 2,029,512 or thè total èxpenditure, £1,151,68012024'. £1,906,6991 Wds attrfbutable to the restrlcted fvnd and £136,876 12024.. £122,813> was attributajle to the unrestricted fund. Nel incoming restyjrces for the year are stsbj after charging., 2025 2024 Audit fee 6, TRUSTEES REMUNERATION AND RELATED PARTY TRANSACTIONS No Trustee has claimed for any reMUneraln during the yew12024'. None). During the year £61 in travel exFen5es were paid to Trustees12024. £NIII. ND Tnjstee or Otr person rglated lo the charity haj any personal interest in any Kintractff Irdnsaction entered into by the chanty during the year12024.' £nill other than the Irans%tions disclosed ab)ve. Qwing to the natUFB of the enrOnmntal Tnjst and the coMpos.0n of Ihe board of Trustses bèlrKJ drawn from local public and private sector organisalwJn5, transa¢tions may take place wlh organisations in which the Trust has an intèrest. All transactions involving such organisalions are conducted at arm's leryth in accordance th the Trust's financial regulalvns and mmial prUrement procedures Ail project exFendrture is aurISed by the trard as a w3)e including ts rnain Trust funder5 Tarmac and WaIy$ Quarry who approve the project related exFendibJre. 19
THE DERBYSHIRE ENVIRONMENTAL TRUST UMITED (Llnlted by Guarant•&l KITES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 7. STAFF COSTS There were no empb)yoes during the y8¥12024.' tMMel No empbyee tewved remuneration in excess of £60,00012024'. nonè). Although the Trust has no employees, 212024.. 21 m8mbers of staff affj employed by Dgrfoyshire Q)unty Council IWC) to work solety forlhe Trust Staff costs are aL80 recharged from DCC forfinancial and18gal Se$. These ernploymenl costs are recharged to the Trust and induded within the recharge figure noted in 6 atove. Tot amounts recharged in rtspecl ol staff costs during the year vEre £93,19312024. £87,534> The lolal amnI ofTrustee and key manwmenl per%Jnnd beneffts (IrlUdIng recharged amountsl was£88,503 12024. £83,226). TAK4TION As a charity, The Dert)yshire Environmgntsl Trust Limited is exempl from tax on income and gains falling wthin section 505 oflhe Taxes Act1988 or s256 ofthe Taxation ol Charyjeable Gan$ Acl1992 to the extent that these are applied lo its char+labb obpcts. No tax charges have arisen in the chanty. CASH AT BANK AND IN HAND 2025 2024 Reslrict8d fund Unrestricted fund 1,313,992 421,569 1,344,099 466,291 1,735,561 1,810,390 10. DEBTORS 2025 2024 Other debtors 1.598 1,598 20
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED (Limited by Guarantsel P40TES TO THE FINANCIAL STATEMEpirs YEAR ENDED 30 SEPTEMBER 2025 11. CREDITORS: Amounts falllng due wlthln onè year 2025 2024 AccruaLs aTrJ deferrfra income Grants approved not yet paid Othercreditors 28,237 13,980 43,144 28,237 57,124 The aggregate amount ol s8cured liabilities is £Nil12024'. £Nil). Deferrnd Incom• 2025 2024 D8f8rred income al start of year Resources dèfèrred in the year Amounts released from prewous years 12,224 12,224 Tl* deferred ir¢ome he at 30 Sèptember 2024 was incorne received in advance relating to thè admln f8e for the manag8menl ol the VaL9nC Communitie5 Fund whtch r6 (Werred over the expected lif8 ofthe sch8me. 21
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 12. STATEMENT OF FUNDS At30 September 2025 At l October 2024 Incomfr Expendttur• Transfèrn General 588 453,909 117.917 136.876 141,6181 393,332 Total unr¢strlGted funds 453,909 117,917 136,876 141,6181 393,332 Restricted fvnd5.' Schen*s 1,300,955 1,123,099 1,151,680 41,618 1,313,992 Total restrfcted fundg 1,300,955 1,123,099 1,151,680 41,618 1,313,992 Total fundi 1,754,864 1,241,016 1,288,556 1,707,324 The restricted fund represents funding specifically for the on-going SGheme5 of the charity olwhich £807,75012024'. £1,205,734) ha5 been allocated aInSt fubjre projects that have not yel futfilled the condition for payrnenl Unrestrictsd general funds represent thè admSnislration fees reed with the ldfill operators forpAJTrini8tering the environmental pr4ects camed out by the Trust, th6se funds can used tor, al Tts providè funds which can be deslgnaled to SFecffic projects to enable these schemes tc be und&rtak8n at short nobce,, aThJ bl To cover management ajministralion fvnd-raising and support wsts witlDul vthKh the charity could not function. and c} To provKle an aCcumall0n ol funds for lutUTe devekQrrnL Opportunit designed to fUrtr the objecbves of the charity. Thè Trustees consider it pwdent that Unstricted reserves should ke sufflck8nl'. al To cover tsvo year'5 managernenl, adminislrab'on, fund-raising 5UPPJrt C05ts', bl To cover the expectsd future winding up costs of Ihe Trust Unrestricted reserves are cuN8nlly ab)ve thal range. Material transfers between rryeS The Trustees agreed to transfer £41,61812024'. £75,796) from its unrestn'ctsd r8$ lo restricted reserves during the year in order to apply fvrther funds lo its charitable obpctive5 as the Trustses teligve Ihey have suffiGienl unrestricted reserves lo contrnue as a going concem.
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED {Limlted by Guarant8el NOTES TO THE FINANCIAL STATEMEirrs YEAR ENDED 30 SEPTEMBER 2025 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Restricted fund$ General funds 2025 2024 Total Total FuTras balance at 30 Septemb8r 2025 are repSented by.. Currènt assets Current liabilities 1,313,992 421,569 128,2371 1,735,561 128,2371 1,811,988 157,1241 Total not i$Mts 1,313,992 393,332 1,707,324 1,754,864 14. CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES The Charitab company has no ¢apltal commitments or conts'ngenl liabllities al the balance sheet dats. 15. RECONCILIATION OF NET INCOMEIEXPENDITURE TO NET CASH INFLOW FROM OPERATING ACTivfTIES 2025 2024 Net lexFend5turel l incorne forlhe reFLIrtI peric las per the Statement of Fina14 Acl1vit$) Inleffjsl received InCaSe I Ide¢reasel in crgJltor5 Ilncreasell decrease in debto 147,5401 11,062,739) 114,9011 122,2421 128,8871 42,486 1,598 11,5981 Net cash lusedl I prowded by operating Xb.V@s 189,7301 11,IM4,0931 16. CASHFLOW FROM FINANCING ACTMTIES 2025 2024 Interest received 14,901 22,242 cash infknv Irn fina1rj liAlle$ 14,901 22,242 23
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED Iumlted by Guardntsel NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 17. ANALYSIS OF CHANGES IN NET FUNDS At30 September 2025 Octobar 2024 Cashflowi Cash al bank 1,810,39) {74,8291 1,735,561 1,810,390 174,8291 1,735,561 24