THE DERBYSHIRE ENvIRONMETr￿AL 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 Finar￿181 Statsn*nts Statsmgnl of FI￿ar￿￿ 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 EX￿ndttUre Acc￿nt 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 8c*Jie5 for approved prclects under the Landfill ComMun￿eS 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 Ta￿aC If0￿edY Lalarge Ta￿￿) and WaI￿Y'S Quarry Ifornerty Red Industries). Since 2005 the Trust has been resp)nsIb￿lorad￿1niStering the Tamac Landfill Communrties Fund nat￿nally. 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 thn￿5 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 8￿h 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 COMM￿s1On$ Guklèlines and the requirements of the Landllll Communities Fund and those of any othei lund il man￿8$. The Trust vaue5 the wtsl conlribulKJn volunteers make to projects11 supp)rts. A5 ￿￿11 a5 prov*Jing a vltal source of labour and expertise lor the tsenefit of the wider communty, volunteers can also develop new skills which wll benefit them in the nership of a project is also imp)rtanl to the Trust. Public benefit is maximLsed by supportsng projects that ￿11 be owned and operdled by a a￿t￿ritY or a committee or group ap￿int8d by Ihe local communlty. The sUstaina￿lIty and en￿rOnMents1 aspects of propcts are also important lo the Trust. To have a ￿￿er public benefit, projects should have 8 long lemi fLrture minimise environmentsl impa¢l. Finally, in orderlo rnaximi5e public tenefi( Trust has SLPPOrted projeclsthat improve access for people disabilities and mots'lity diffiGultie5. ThE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED TRUSTEES ANNUAL REPORT AcHIE￿mENTs AND PERFORMANCE Achi8v8ments 1997- 2025 Slnce 1997, 0￿r £33rn has teen secured Ihrowh the Trust for pmjects uThJer the Landffil Communities Fund, wlth range ol Landfill Comrnunit￿s Fund grant award&J from £300- £603,000 laverage ￿3,4¢Xli. During thi% time fuThding has teen secured for almosl1,360 Landfill Communilres Fund projects 0fwh￿h approximately 654 are in Defbyshire. Propcts funded outside Derbyshire are malnly managed by the Trust for Tarmac or Walleys Quary. However in this Feriod the Trust has comTnenced a TO￿ distributing residual funding from Valencia Comrnunilies Fund, and most proiects fvnded from thi5 source wll probably be outside Derbyshire. During this finarKial yeartotal lunding of £880,160 has been secur8d under the LCF vAth Ihe raroe of awards from £2,460 trj £110,000 (average £20,469). In total 43 projects were supported 0fwh￿h 12 werp in De￿YShI During year another round ofthe DET Funding Schem8 was h8bJ ￿th lunding I￿rn ￿eN&$. 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 depriVat￿n in the a￿a 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 COU￿￿11- 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*now￿ge5 I￿1r sUPPOrt with Ihanks, Flnanclal revlew During the year, the Trust re￿1Ved 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 Lar￿11 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 wh￿h reduces reseNes. This is m*le up of a deficit after Iransfet5, of £60,57712024.' £74,559) on the unrestr￿ed fund and a deficit of £13,03712024.' E988,1801 on restr￿ted fu￿. The nel I￿Uld assets of the charfty have decreased to £1,707,32412024.' decreased to £1,754,864). Thè principa funding sources are TarnaG, Waleys Quary and Valer￿la. After a 5kJw start, overall donations for year *ere 0￿ra11 S￿n￿can1lY twgher than 2024. Contrtbulions frorn Walleys Quarry ceased part way through the year, due to their landfill site closing and the company subsequently enteriro liquKlal￿n. However, lowards the latter part of the year. donations frorn Tarnx recovered from thè p￿vIouslY reduc levels. ForTamac, despite the gener81 trend for less waste going lo landfill, pathcularcircumslances meanllotal donations over the year ￿re much higher. A contri￿tiOn of residual lunds was also receNed from arK)ther Enwronmental Bc¥Jy, Valencia CommUn￿eS Fund, followr¥J their closure in July 2025. The Trw81's Costs, which largely ¢omprise stsffir recharges by Derbyshire County Council. Ir￿reased slIgh￿Y 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 p0￿r 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 I￿nd 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 r￿1p1 ofthe nomination The Trustees of1￿CompanY are also Trustees oflhe charity under Ihe company's Artbs and are mern￿rs ol the Management Committee. Under the THE DERBYSHIRE ENWRONMENTAL TRUST LIMITED TRUSTEES ANNUAL REPORT requirements oflhe Memorandurn and Arbcles ofA$5￿ratIon the memters oflhe Management Committee are elected to seNe frK a penDY ol one year after which they musl te ￿￿ected at the next Annual General MeelirKJ IAGMI. All rnembers are arculated with invitations to rKJminate Trustses prior to ttp AGM advLSiNJ thèm of thè retiring Trustees and r8questiNJ nominab'orts lor the AGM, Trustee Inductlon and tralnlng New Trustees rècefve an infomwtion pxk including det￿1$ of their *al obligatiorts under chanty and company law, the M8mrandurn and Arbcles olAssociatson, the ¢C￿mittee dgcision making prrttsses. and recentfin￿id 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 0￿ratIng 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 finar￿la1 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, DèI8gal￿n 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 Ob￿CtrveS. 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 wh￿h 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 iMp￿Mentatton ol pTL￿&Ure5 designed to minimLse any potenb'al irnpact on the charity shO￿d 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. PrC￿dure5 are in plxe lo ensure compliartt wlh health and safety of stsff and ￿lIOrS to the premises. A key e￿rnent in the rnanagemenl of financid risk is the Cc￿￿'nUed revEw of the level of reserves. TRUSTEES RESPONSIBILTIES The Trustee5 in off￿e 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 E*tby5hire 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 A￿nting Pracltil. Company18w requires the Trusteey to p￿pa￿ 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 v￿W of the state of affair5 01 the charitsbb company and of the incomlng resoutce5 and appliGalion of resou￿e5. inoiuding th8 I￿rne and expenditure, of the charitsble company for Ihat periTrJ. In preparing these financial statemènts, Trwte8s are required sebct suttable a￿untIng polichqs Ih8n apply th8m consistenuy., obs8ry8 the mèthods and pri￿lpleS in the Chariti'es SORP 2019 IFRS 1021,. make judgements and eslimai8s that are reasonabkg and prudent,. stal& whether appI￿able UK Accounting Standards have been folknved, subject to any mat9rial departurES disclosed and explained in the financial slalements,. p￿pare the financial slalem8nts on the going concem b&8is unless il is inappropriate to presume that the charitable company will continue in Opera￿n. 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 fInar￿lar 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 i￿gUlarities. 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 s￿tIOn 487121 of the CompanEs Act 2006. The rewrt ol the Trustees has been p￿par*I In ￿0rd￿￿ ￿th the speaa provIs￿n$ 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 EnvIron￿nI￿ Tnjsl Limited lthe 'charitsb￿ company'l lor the year ended 30 September 2025 which comprise primary statements swh as the Statement of Financial ActiV￿e$, Balance Sheet notes lo the financia statements, including a summary of significant accountiro p)It￿s. The financial rewrting frarnework that has been applied in their preparation is applicable law and United Kingdom Accounting StsndaTds, induding Fina￿la1 ReFQrtmg Standard 102 The Fin8ncial Repoth'ng Sl8nd8rd 8pplicable ￿ Ihe UK ancl RepublK of Ireland (United Kirvjdorn Generally Accepted Accounting Practice). In our O￿nIOn 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 I￿Orn￿g 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 COmpan￿S 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 desCri￿d in the Awjilor responsibilibes for the wdrt of the finar￿181 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 respO￿lbIlitIeS in accordance wtth these require￿￿nIs. We beI￿ve 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 a￿Unting 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 t￿1ve months frorn when the financial statements are aulhorised for issue. Our respon5iknlities and ￿ r8SFondb1l￿es of tr* Trustees wlh resFttt to going concem are described in the relevant secl'ons ol report. Other InforM￿on 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 op1r￿On 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 ther￿n. Our respon5ibilty 15 to re&J fv other inforrnalwjn aTrJ, in doir¥J 50, C￿SIder vtstheT the other infomiation is maleriawy inconsistsnl with the financial ststements orour knowledge (blained in the cOu￿e 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, cor￿lude 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 Opin￿￿n, 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 wh￿h 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 en￿ronment 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 2￿J6 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' reMUnerat￿n 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 aSSes￿ng 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&s￿n prC￿￿Ures in line with our responsibilit￿$, out11r￿d 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 In￿rent limrtalKJns of an audlt. there is a risk that will not detect all IrregularSties, if￿ludIng 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 caTh￿d 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 Cha￿Ing 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 regulath￿S 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(￿u￿nts Re 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 reMUneral￿n during the yew12024'. None). During the year £61 in travel exFen5es were paid to Trustees12024. £NIII. ND Tnjstee or Ot￿r 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 en￿rOnm￿ntal 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 pr￿Urement procedures Ail project exFendrture is au￿rISed by the tr￿ard as a w￿3)e including ts rnain Trust funder5 Tarmac and WaI￿y$ 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￿￿$. These ernploymenl costs are recharged to the Trust and induded within the recharge figure noted in 6 atove. Tot amounts recharged in rtspecl ol staff costs during the year vEre £93,19312024. £87,534> The lolal am￿nI ofTrustee and key manwmenl per%Jnnd beneffts (Ir￿lUdIng recharged amountsl was£88,503 12024. £83,226). TAK4TION As a charity, The Dert)yshire Environmgntsl Trust Limited is exempl from tax on income and gains falling wthin section 505 oflhe Taxes Act1988 or s256 ofthe Taxation ol Charyjeable Gan$ 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 ￿58￿8 453,909 117.917 136.876 141,6181 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 l￿dfill 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 aCcum￿all0n ol funds for lutUTe devekQrr￿nL Opportunit￿ designed to fUrt￿r the objecbves of the charity. Thè Trustees consider it pwdent that Un￿stricted 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 r￿ryeS The Trustees agreed to transfer £41,61812024'. £75,796) from its unrestn'ctsd r￿￿8$ 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 rep￿Sented 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$Mts 1,313,992 393,332 1,707,324 1,754,864 14. CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES The Charitab￿ company has no ¢apltal commitments or conts'ngenl liabllities al the balance sheet dats. 15. RECONCILIATION OF NET INCOMEIEXPENDITURE TO NET CASH INFLOW FROM OPERATING ACTivfTIES 2025 2024 Net lexFend5turel l incorne forlhe reFLIrtI￿ peric las per the Statement of Fina￿14 Acl1vit￿$) Inleffjsl received InC￿aSe 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 I￿rn fina￿1r￿j ￿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