Registered Company no. 06252763 (England and Wales)
Registered Charity no. 1122314
Forest of Avon Trust
(A company limited by guarantee)
Audited Financial Statements
For the Year Ended 31 March 2025
*AEH6XW9*
1111212025
COMPANIES HOUSE
A08
#244

Forest of Avon Trust
Contents
For the year ended 31 March 2025
Referènce and admlnlstratlve detalls
Trustees, annual report................................................................................................................
Independent auditof s report
Statement of financlal activltles
Balance sheet
Statement ofcash flows..................
Notes to the financial statements
.10
12

Forest of Avon Trust
Reference and admlnl8tratlvo dotall8
Chair
Alister Rankine
Tru¥ts•8
Robert Bernay8 OBE DL
Professor Sara Blackmore (to 27 November 2024)
Christopher Bloor
Giles Clarke CBE DL
Charles Davies
Pamela Gilder
Nigel Howe
Prof888or Mathew Jones
James Mayer
ArKlrew McLaughlin
Senlor Management Team Alex Stone- Chief Executive Officer
David Taylor- Chief Financial Officer (to 10th July 2025)
Prlnclpal offlc•
Studio 3
Utility House
3 York Court
Upper York Street
Bristol
BS2 8QF
R•glst•rod offlco
Bath House
6-8 Bath Street
Bristol
8S16HL
Company number
06252763 (England and Wales)
Charfty numb•r
1122314
Bankorn
Natwest
8 South Parade
Chew Magna
8S40 8SG
Triodos Bank
Deanery Road
Bristol
8S15AS
Nationwide Building Society
Kings Park Road
Moulton Park
Northampton NN3 6NW
Audltovs
Gravlta Audit Westem Llmited
Chartered Accountants and Statutory Audltors
Bath House
8 Bath Slreet
Bristol
BS16HL

Forest of Avon Trust
REPORT OF THE TRUSTEES
The Trustees, who are also directors of the charity for the purpose of the Companies Act 2006, are pleased to
present their report and financial statements for the year ended 31 March 2025.
Reference and administrative infomiation set out on page 1 foms part of this report. The financial statements
comply with the Memorandum and Articles of Association and the Statement of Recommended Practice
Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) {effective from January
2019).
STRUCTURE GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by its Memorandum and Articles of Associatlon, and18 8 company limited by
guarantee. as defined by the Companies Act 2006.
R•crultm•n( •ppolntm•nt and tralnlng of now tru•t•
New Trustees are recruited through an open invitation to apply followed by an assessment of their suitabilrty
and, if appropriate, interview by the Chair of the Board and a number of other Trustees with advice from the
Chief Executive Officer and Chief Financial Officer. Successful candidates are then proposed to the full Board
of Trustees ft)r formal appointment.
Staff r•mun•ration
Staff are pald according to salary bands agreed by Triistees on an annual basis. An annual pay review is
undertaken in April whereby the Trustees decide on any variation to bands and Chief Officers review individuals
pay within those bands which is then submitted to the Trustee's Financial Sub-committee ft)r approval. The
Chair reviews Chief Officers. pay. Promotions are determined by the Chief Officers.
Relaled partles
None of the Trustees receive remuneration or other benefit from their work with the charity. In the current year,
no other related party transactions took place with the Trustees.
Rl•k manag•m•nt
The Trustees have a duty to identify and review the risks to whlGh the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTivrriES
Objectlves and aims
The objects of the charity are to promote for the benefit of the public th8 conservation, protection and
improvement of the physical and natural environment within the Forest ofAvon. in parts'cular by:
a) providing, conserving. protecting and improving woodlands;
b) delivering education, training, volunteering and other activities, Including the arts, which engage the publrc
in conserving, protecting, improving, using and understanding woodlands and the wider physrAI and natural
environment. and
c) improving derelict land and harmful sites and to provide or assist in the provision of facilities in the interest
of social welfare for recreation or other leisure time occupation of the public at large, in particular by
maintaining. improving and providing recreation and leisure opportunrties within the Forest of Avon.
Public b•noflt 8lat•mant
The Trustees confirm that they have fulfilled the statutory requirement to have due regard to public benefft
when planning and undertaking the charity's work.

Forest of Avon Trust
FINANCIAL REVIEW
The Trust's main funding sources are:
Trees for Climate grant fundlng. capital and revenue. received as part of the govemment's Nature for
Climate Fund.
Grant funding for specific projects
Grant funding from foundations, other charities and grant making trusts.
Public donations and business sponsorship.
This funding enables the Trust to meet its objectives by funding core activity and additional projects that result
in increased tree and woodland cover. increased connection of people to their local woodlands. activity
conserrfing, protecting and improving woodlands, delivering education, training, volunteering.
The Trusfs principal risks and uncertainties are based around:
Reduction of income and incorn￿eneratIng opportunities resulting in restriction of the Trust's activity
or excess of expenditure resulting in flnancial constraints and instability.
Failu￿ of projects resulting in loss of reputation and future income opportunities.
Loss of staff or key partners.
Reduction in government and wider support for tr8e plankn'ng 8nd woodland activity.
The strategy to manage risks involves continued review of risk registers and risk assessments. strong and
transparent Trustee oversight and Trustee involvement in major decisions and expenditure. The Trust diversifies
rts income streams to bring resilience. The Trust applies strict reporting and quality control processes to all project
delivery to reduce the risk of failure. The Trust has expanded its team to reduce the likely effects of loss of staff
and continues to develop the team structure to enable succession planning.
Total income for the y8ar.was £2,265,432 (2023124: £1,480,112). The charlty was able to increase its expenditure
on charitable activities. resulting in total expenditure of £2,209,682 for the year {2023124.. £1,437,604). The carry
fofward into 2023124 includes restricted funding of £104.245 {2023124: £57.429) and unreslri￿ed funds of
£471,001 {2023124: £460,162), giving a total funds balance of £575,247 (2023124: £517,591) to be carried
forward.
In the Trustees, view, the reserves should provide the charlty wlth adequate financial stabilty and the means to
meet its charitable objectives for the foreseeable future. The Trustees propose to maintain the charity's
unrestricted reserves at a level which is at least equivalent to six months, operational expenditure and have done
so having regard to its manner of operation of likely funding streams. The Trust will maintain a minimum
unrestricted funding reserve equivalent to 6 months, average monthly running Costs of £44,000 plus a maximum
sum of £80,000 providing for procurement of equipment and accommodation. The Trust's activities are planned
more than a year in advance and any surplus will be addressed when forthcoming budgets are approved by the
Trustees.
Trust•e$ Responslb51rties
The Trustees (who are also the directors of Forest of Avon Trust for the purposes of company law) are responsible
for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing those
financial statements. the Trustees are required to:
select suitable accounting policies and then appty Ihem consistently;

Forest of Avon Trust
observe the methods and principles in the Charity SORP 2019(FRS 102)"
make judgements and estimates that are reasonable and prudent,.
state whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements,. and
prepare the financial.statements on the going concern basis unless it is inappropriate to presume that
the charitable company wlll continue in business.
The Trustees are iesponsible for keeping adequate accounting fecords which disclose wilh reasonable
accuracy at any time the financial position of the charitable company and to enable them to ensure that
the financial statements comp.ly 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 relevant audit information of which the charitable company's auditors are unaware., and
the Trustees have taken all steps that they ought to have taken to make themselves aware'of any
relevant audlt information and.to establish that the auditors are aware of that information.
Auditors
The auditors, Gravita Audit Western Limited, wlll be proposed for re-appointment at the forthcoming
Annual General Meeting.
Approved by order of the Board of Trustees on 2nd Oecember 2025 and signed on lis behalf by..
A Rankine
Chair and Trustee

Forest of Avon Trust
Report of the Independent Auditorn to the Membern
Oplnion
We have audited the financial statements of Forest of Avon Trust (the 'charitable company,) for the year ended 31
March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement
and notes to the financial ststements. including a summary of significant.accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice). including Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland,.
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its
incoming resources and application of resources, includin9 its income and expenditure, for the year then
ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the
UK and Republic of Ireland and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Stsndards on Auditing (UIQ (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial ststements 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 audlt evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.
Conclu8lon8 relatlng to golng con¢•rn
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not idenb'fied any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concem for a period of at least hvelve months from when the financial staternents are
'authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the
relevant sections of this report.
Oth•r infomiatlon
The trustees are responsible for the other inforrnation. The other infomiation comprises the information included
in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and. except to the extent otherwise
explicitly stated in our report, we do not express any fomi of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otheThvise appears to be materially misstated. If we identify Such material
inconsistencies or apparent material misstaternents. we are required to dotermine whether this giv¥s rise to

Forest of Avon Trust
material misstatement in the financial statements themselves. If, based on the work we have performed. we
conclude that there is a material rnisstatement of this other information, we are required to report that fact. We
have nothing to report in this ￿gard.
Opinlons on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Report of the Trustees for the financial year for which the financial statements
are prepared is consistent with the financial statements" and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to r•port by •xc•ption
In the light of the knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misststements in the Report of the Trustees.
We have nothing to report In respect of the following matters where the Companles Act 2006 requires us to report
to you if, in our opinion..
adequate accounting records have not been kept or retums adequate for our audit have not been received
from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees, remuneration specified by law are not made; or
we have not recelved all the infomiation and explanatlon8 we require for our audlt,. or
the Trustees were not entitled to take advantage of the small companies exemption from the requirement
to prepare a Strategic Report or in preparing the Report of the Trustees,
Responslbllltles of Trustees
As explained more fully in the Trustees, Responsibilities Statement, 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
statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees
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 responsible for assessing the charitable company's ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations, or have no realisb-c alternative but to do so.
Our r•sponslbllltles for the audit of the flnanclal stat•m•nts
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from rnaterial misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit
conducted in accordance with ISAS (UK) will a￿ayS detect a material misststement when it exists. Misstatements
can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably
be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below:

Forest of Avon Trust
We obtained an understanding of the legal and regulatory frameworks applicable to the charitable company and
the sector in which rt operates. We determined that the following laws and regulations were most significant: Thè
Companies Act 2006, UK GAAP, The Charities Act 2011 and the Charrties SORP.
We obtained an understanding of how the charitable company is complying with those legal and regulatory
frameworks and made enquiries to the management of known or suspected instances of fraud and non-compliance
with laws and regulations. We corroborated our enquiries through our review of board minutes, other relevant
meeting minutes and review of correspondence with regulatory bodies.
We assessed the susceptibility of the charitable company's financial statements to material misstatement,
including how fraud rnight occur. Audit procedures perfonned by the audit team included..
Identifying and assessing the controls management has in place to prevent and detect fraud;
Understanding how those charged with governance considered and addressed the potential for override of
controls or other inappropriate influence over the financial reporting process.,
Challenging assumptions and. judgments made by management in its significant accounting estimates and
judgments,.
Identifying and tasting journal entries, in particular Journal entrles posted with unusual account combinatlons,. and
. Assessing the extent of compliance with the relevant laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all Irregularities. including
those leading to a materlal misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions reflected
in the financial 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 rather than error, a8 fraud involves intentional
concealment, forgery, collusion, omission or misrepresentation.
A further deKription of our responsibilities for the audit of the financial statements Is located on the Financial
Reportln9 Council's website at www.frc.org.uklaudltorsresponsibilities. This description forms part of our Report
of the Independent Auditors.
U•? of our rnport
This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
. Company's members those matters we are required to state to them in an auditors, report and for no other purpose.
To the fullest extent permitted by law, we do notaccept or assume responsibility to anyone other than the charitsble
company and the charitable company's members as a body. for our audit work, for this report, or for the opinions
we have formed.
Matthew Bracher Bsc FCA (Senior Statutory Auditor)
for and on behalf of Gravita Audit Western Lirnited
Chartered Accountants and Statutory Audrtors
Bath House
6-8 Bath Street
Bristol
BS16HL

Forest of Avon Trust
Statement of Financial Activities for the Year Ended 31 March 2025
(Includlng Income and Expenditure Account)
Unrestricted Restrlcted
funds
funds
Totsl
2025
Nots
Income and Endowments from:
Donat5ons and legacies
Charltsble actlvltles
Investment income
28,407
10,045
66,984
19,107
2,140,889
47,514
2,150,934
66,984
Total income
105 436
159 996
2 265 432
Expendlturn on:
Raising funds
Charitable activltfe5
(30,798)
(65,704) (2,113,180)
(30,798)
(2,178,884)
Totsi expenditure
(96,502) (1113,180) (2,209,682)
Gains /(losses) on investment assets
1,905
1,905
Net incomel(expendlture)
10,839
46,816
57,655
Tfansfers between funds
Net movement in funds
10,839
46,816
57,655
Reconclllation of funds
Totsl funds brought fO￿ard
517 591
Totsl funds carrled forward
20
471001
The notes on pages 12 to 25 form an Integral part of these financial statements

Forert of Avon TNst
Year Ended 31 March 2025
Comparative Statement of Financial Artivities
(Induding Income and Expenditure Account)
Unrestrlctsd Restricted
funds
funds
Total
2024
Income and Endowments from:
Donations and legacies
Charitsble activittes
Investment income
29,060
135,772
15,998
29,060
1,435,054
15,998
1,299,282
Total income
180 830
1 299 282
1480 112
Expendlture on:
Ralsing funds
Charitable activitles
(31,096)
(31,096)
(164,655) (1,241,853) (1,406,508)
Totsl expendlture
(195,751) (1,241,853 ) (1,437,604)
Galns l (losses) on Investment assets
(829)
(829)
Net Incomel(expenditure)
(15,750)
57,429
41,679
Transfers between furKIs
Net movement In fund$
(15,750)
57,429
41,679
Recondllatlon of funds
Totsl funds brought forward
475 912
475 912
Totsl funds carried forward
20
517 591
All of the Charity5 actfvitles derlve from contlnulng operatlons durlng the above two periods
The notes on pages 12 to 25 form an integral part of these flnancial statements

Forest of Avon Trust
Year.Ended 31 March 2025.
(Registratlon number: 06252763)
Balance Sheet
2025
2024
Note
Fixed Assets
Tangible assets
Investments
14
15
7,220
46,486
11,163
44,581
55,744
Current assets
Debtors
Cash at bank and In hand
16
17
136,000
3,817,639
3,953,639
104,493
2,923 455
3,027,948
Credltors; Amounts falling due wlthln one year
18
{ 3,432,099)
(2,566,IOL )
Net current assets
521,540
461,847
Net assets
575,246
517,591
Funds of the charity
Restricted Income lunds
Restricted funds
20
104,245
57,429
Unrestricted Income funds
Unrestrictrd funds
20
471,001
460,162
Total fvnds
575,246
517,591
These hnandal statements have been prepared In accordance wlth the.provisions applicable to charitable
companies subjett to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 2nd December
2025 and were slgned on its behalf by..
A Ranklne
Chair and Twstee
The notes on pages 12 to 25 form an integral part of these financial statements
io

Forest of Avon Trust
Statement of cash flows
Year Ended 31 Marth 2025
Reconclllation of net Income to net cash flow from operatlng artlvltles
2025
2024
Net income for the reportlng perfod
(as per the statement of financial actlvltles)
Depreciation charges
(Gains)/losses on investments
DNldends, interest and rent from investments
Loss on disposal of f￿ed assets
Decrease/(increase) in debtors
Increasel(decrease) Sn creditors
57,655
41,679
5,960
(1,905)
(66,984)
4,288
829
(15,998)
675
773,835
1,379,OH
(31,507)
865,997
Net cash provided by / (used In) operatlng actlvltles
829,216
184,352
2025
2024
Cash flows from operatlng actlvlties
Net cash (used In) operating actlvities
829,216
2, 184,352
Cash flows from Investlng artlvities:
Dlvldends, Interest and rents from Investsnents
Payments to acquire fixed assets
66,984
(2,017)
15,998
(4,987)
14
Net Cash provlded by / (used In) Investlng artivities
64,967
11,011
Change In cash and cash equlvalents In the year
894,183
2,195,363
Cash and cash equlvalents at the beglnning of the year
2,923,455
728,092
Cash and cash equivalents at the end of the year
3,817,638
1923N55
11

Forest of Avon Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
I Charity status
The Charity is limited by guarantee, Incorporated In England and Wales, and consequentty does not have
share capital. Each of the Twstees Is Ilable to contribute an amount not exceeding £10 towards the assets
of the Charty in the event of liquidation.
2 Accounting pollcies
Summary of slgnlflcant accountlng Polici￿ and key accountlng estlmates
The prlncipal accounting w>licies applied in the preparation of these financial statements are set out
below. The* polfcles have been conslstsntty applled to all the years presented unless otherwlse stated.
Basis of preparatlon
The financlal ststements of the Charty, which is a public benefit entty urKler FRS 102, have been
prepared in accordan￿ wth the Charitie5 SORP (FRS 102) 'Accountlng and Reportlng by Charities:
Statement of Recommended Pract1￿ appllcable to charltles preparing thelr accounts In accordan￿ wlth
the Financlal Reportlng Stsndard applicable In the UK and Republic of I￿land (FRS 102) (effective I
January 2019),, Flnancial Reporting Standard 102 The Flnancjal Reporting Standard appllcable in the UK
and Republic of Ireland, and the Companles Act 2006. The financial ststements have been prepared under
the historical cost convention.
The flnancial ststements are prepared In sterling whld) Is the functional currency of the charitable
company and a￿ rourmled to the nearest £.
Golng concern
The Trustees conslder that there are no materlal un￿rtaIntleS about the Charltys ablllty to contlnue as
golng con￿rn nor any significant areas. of uncertainty that affect the carrylng value of assets held by the
Charlty.
AC￿￿ntIng estlmates and key Judgements
In the application of the Charity's accounting pollcles, Trustees a￿ ￿qUIred to make Judgements,
estimates and assumptions about the carrying values of as*ts and liabilities that are not readily apPa￿nt
from other Sour￿5. The estimates and underlying assumptlons a￿ based on hSstorical experience and
other factors that are considered to be relevant. Actual results may dlffer from these estimates.
The estlmates and underlylng a5sumptlons are revlewed on an ongolng basls. Revislon to accountlng
estirnates are recognised in the period in which the estimate is revised if the revision affects onty that
period, or In the period of the revlsion and future perk)ds If the revision affects both the current and
future periods.
There are no key sources of estlmatlon un￿rtaInty that have a slgnlflcant effect on the amounts
recognised in the financial ststements.
12

Forest of Avon Trust
Notes to the Flnandal Statements for the Year Ended 31 March 2025
Income and endowments
All income is recogni￿ On￿ the Charity ha5 entitlement to the income, It is probable that the income will
be received and the amount of the income r￿5vable can be measured ￿lIably.
Donations and legacles
Donations are recognised when the Charty has been notified Sn writing of both the amount and settlement
date. In the event that a donatlon is subject to conditions that require a level of perf0rrnan￿ by the
Chanty befo￿ the Charity is entitled to the funds, the income is deferred and not recognised until either
those condrtions are fully met, or the fulfilment of those mnditions ts wholty within the control of the
charity and it is probable that these condltions wlll be fulfllled in the reportln9 period.
Grants recelvable
Grants are recognised when the Charlty has an entltlement to the funds and any condltlons linked to the
grants have been met. Where perfOn￿an￿ conditions are attached to the grant and are yet to be meL the
Income Is recognised as a Ilabllity and Included on the tsalan￿ sheet as deferred Income to be released.
DOr￿ted goods, serylces and facllltles
Donated goods, servlw or facilities are recognised as income when the Charty has control over the Item,
any conditions assoclated wlth the donated item have been met, the re￿Ipt of economlc benefft from the
use by the Charty of the Item is probable and that economic benefft can be measured reliably. On receipt,
donated goods, serrflces and faclllties are recognlsed on the basis of the value of the glft to the Charity
which is the amount the charity would have been willing to pay to obtsln ServI￿S or facilities of equlvalent
economlc beneflt on the open market; a correspondlng amount Is then recognlsed In expendItU￿ In the
period of receipt.
Investment Income
Interest on funds held on depos￿ Is Included when recelvable and the amount can be measured rellably by
the Charty; thls is normally upon notificatM)n of the Snterest pald or payable by the bank.
Expendlture
All expenditure Ss recognised On￿ there Is a legal or construct5ve obligation to that expenditure, it Is
probable settlement is required and the amount can be measur￿1 reliabty. All costs a￿ allocated to the
applicable expendlture heading that aggregate similar costs to that category. Where costs cannot be
directly attributed to particular headings they have been allocated on a basrs consistent with the use of
source5, wlth ￿ntral staff costs allocated on the basis of time spent, and depreclation charges allocated
on the portion of the asset's use. Other 5UPPOrt costs a￿ all￿ated based on the spread of staff costs.
All resour￿ expended are Indusive of Irrecoverable VAT.
Ralslng funds
These are costs incurred in attracting voluntsry income, the management of investments and those
incurred In tradlng activftles that raise funds.
13

Forest of Avon Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
Charitable activitles
Charitsble expenditure comprlses those costs incurred by the charlty In the deltvery of Its act5vities
and seniices for its beneficiarles. It includes both costs that can be allocated directty to such
activitles and those costs of an Indlrect nature necessary to support them.
Support costs
Support costs are those functions that assist the work of the Charity but do not directly undertake
charitable activities. Governan￿ costs are the cost associated with the governantr arrangements of
the charity, including the cost of comptying with constitutional and statutory requirements and any
cost assooated with the strateglc management of the Charity's ac(ivities.
These cost have been allocated betW￿n cost of raislng funds and expendItU￿ on charitable
actlvltles on the followlng basls:
RaSsing funds belng IO% (2024: 10%)
Charitsble activities being 90% (2024: 90%)
Governance ￿$ts
These Include the costs attributsble to the Charity's cornplian￿ with constitutional and ststutory
requirements, Including audr(, strateglc management and Trust￿ meetlngs and relmbursed
Irrncoverable VAT
Irrecoverable VAT is charged against the category of resour￿ expended for which it was Incurred.
.Taxation
2010 and therefore It meets ttrie deflnltlon of a charltable company for UK corporatlon tax purposes.
Accordingly, the charty is potsntially exempt from tsxatlon in respect of Income or capital galns
recelved withln categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sectlon
256 of the Taxatlon of Chargeable Galns Act 1992, to the extent that such income or gains a
applied exclusively to charitable purposes.
Tan9lble fixed assets
Individual flxed assets costlng £150 or rn0￿ a￿ Inltlally recorded at cost, less any subsequent
accumulated depreciab'on and subsequent accumulated impainr£nt 105ses. Assets that cost less
than £150 a￿ immedlately written off as expendlture.
Depreciation and amortlsation
Depreciation is provided on tsnglble assets so as to write off the cost or valuation, less any
estimated ￿[dUal value, over thelr experted useful economic life as follows:
Asset dass
Furnlture and Offi￿ equlpment
Depreciation method and rate
33.33% stralght Ilne basls
14

Forest of Avon Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
Fixed asset investments
Fixed as*t investments are included at market value at the balan￿ sheet date. Realised gains and losses on
Investments are Gilculated as the differen￿ between sale5 proceeds and their market value at the start of the
year, or their subsequent o)st, and are chargeAI or credited to the Ststement of Finanaal Attiviti'es in the
period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or
charged to the Statement of Flnancial Activities based on the market value at the year end
Debtors
Debtors are measured on initial recognition at settlement amount after any amounts advanced by the Charity.
Subsequently they are rneasu￿d at the cash or other consideration expected to be received.
Cash and cash equivalents
Cash and cash equivalents comprlse cash on hand and call deposits, and other short-tem highly liquld
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value
Cr•dltors
The Charity has creditors which are measured at settlement amounts.
Fund structure
Unrestricted Income funds are general funds that are available for use at the trustees, discretion in
furtheran￿ of the objectfves of the Charlty.
Restrlcted income funds are those donated for use In a particular area or for speciflc purposes, the use of
whlch is restricted to that area or purpose.
Pensoons and oth•r post r•tlr•ment obllgatlons
The Charity operates a defined contribution pension scherne which is a penslon plan under whlch fixed
contrlbutions a￿ pald Into a pension fund and the Charity has no legal or constructlve obligation to pay
further contributions even if the fund does not hold sufficient assets to pay all ernployees the benefits ￿lating
to employee service in the current and prior periods
Contrlbutions to defined contribution plans are recognised in the Statement of Flnancial Activities when they
are due. If contrlbution payments exceed the contrlbutlon due for SeN1￿, the ex￿$ Is recognlsed as a
prepayment.
Flnancial Instruments
The Charlty only has financial assets and Ilabilities of a kind that qualify as basic financial instruments.
Financlal instruments are inits'ally recorded at transactlon value and subsequently measured at their settlement
value.
15

Forest of Avon Trust
Notss to the Finanaal Statements for the Year Ended 31 March 2025
3 Income from donatlons and legacies
Unrestrlcted
funds
General
Total
2025
funds
Grants from companies, trusts and slmllar
prO￿edS
Donations from Indlvlduals
24,91S
3,492
19,107
44,022
3,492
Unrestrlrted
funds
General
Restrlcted
funds
Total
2024
Grants from companles, trusts and slmSlar
proceeds
Donations from individuats
25,263
3,797
25,263
3,797
16

Forest of Avon Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
4 Income from charitsble activities
Unrestrfcted
funds
General
Restricted
funds
Totsl
2025
Trees for aimate
Forest Fridays
Woodland Well-belng Dementla Project
Woodland Advisory
Consultancy
Communlty Polllnator Fund - WECA
One Tree Planted
Western Forest
Avon Needs Trees
Bi9 Squeeze for Trees .
1,636,510
10,490
35,988
1,636,510
10,490
35,988
9,700
345
59,957
9,756
150,000
215,790
9,700
345
59,957
9,756
150,000
215,790
2 140 889
2 150 934
Unre9tr1cted Restrlcted
fvnds
funds
General
Total
2024
Trees for Climate
Forest Frklays
Woodland Well-being Dementia Project
Woodland Advlsory
Con5ultsncy
One Tree Planted
1,299,282
1,299,282
13,645
34,615
45,734
935
13,645
34,615
45,734
935
135 772
1299 282
1435 054
5 Investment Income
Unrestricted
funds
.General
Total
Interest receivable and simllar incor￿.
Interest recelvable on bank deposlts
Totsl for 2025
Total for 2024
17

Forest of Avon Trust
Nrtes to the Finanaal Ststements for the Year Ended 31 March 2025
6 Expenditure on raising funds
Unrestrlcted
funds
General
Restricted
funds
Total
2025
Total
2024
Direct marketing
Consultant fee
Allocated support costs
1,972
20,970
7,856
2,968
21,674
6,454
20,970
7,856
7 Expendlture on charitable actlvities
Unrestrlrted
fvnds
General
Total
2025
Total
2024
funds
Dlrect project costs
Depreciation, amortisatlon
and other similar o)sts
Staff costs
Allocated support costs
Governan￿ costs
1,912
I,S86,238
1,588,150
906,642
5,960
49,603
5,960
505,839
70,706
8,229
4,963
430,414
58,081
6,408
11
456,236
70,706
8,229
2 113 180
2 178 884
1406 508
8 Analysls of costs
Unrestricted
fvnds
General
Restrfcted
funds
Total
2025
Totsl
2024
Dlrert project costs
Trees ft)r Climate
Woodland Wellbe5ng Dementia
Great Avon Wood costs
Emergency Tree Fund costs
Forest Frldays costs
Overscourt cDsts
' Orchards for Pollinators costs
Western FO￿St
B Squeeze for Trees
other projects
1,368,251
2,397
1,368,251
2,397
819,676
78
53,866
5,912
16,973
4,412
56,648
6,316
56,648
6,316
27,012
104,946
20,668
27,012.
104,946
20,668
1,912
1,912
2,779
I S86 238
1588 150
906 642
18

Forest of Avon Trust
Notes to the Financial Statements for the Year Ended 31 Marth 2025
Anatysls of governance and support costs
Ralslng funds expendlture
Unrestricted
funds
General
Total
2025
Total
2024
Basls of
allocation
offi￿ sundries
Travel and subsistence
Telephone and internet
Insuran
Q)nsultant f
Bank charges
5,735
159
361
1,295
283
23
5,73S
159
361
1,295
283
23
5,456
59
618
188
118
15
Charltable activitles expendlture
Restrlcted
funds
Total
2025
Total
2024
Basis of
allocatlon
offi￿ sundries
Travel and subslsten
Telephone and Internet
Insuran
Consultant fee
Bank charges
51,619
1,428
3,246
11,657
2,548
51,619
1,428
3,246
11,657
2,548
208
49,101
530
5,566
1,688
1,062
134
Bas1$ of allocatlon
Referenc•
Method of allocatlon
90% of allocated support costs
IO% of allocated support costs
19

Forest of Avon Trust
Notes to the Financial Statements for the Year Ended 31 Marth 2025
Governance costs
Total
funds
2025
Total
funds
2024
Unrestrlcted
Accounting and audlt
8,229
8,229
6,408
Total
9 Government grants
The Charity recelves government grants and contract Sncome, defined as funding from South
Gloucestershi￿ Council, Bristol Clty Councll, Devon Partnershlp NHS Trust, West of England Combined
Authority and DEFRA via Cheshlre West and Chester Counal to fund charitsble activities.
The amunts of grants recognlsed In the Ilnanckl statements was £2,151,089 (2024 - £1,434, 119).
There are no unfulfllled condltlons or contlngencles attached to these grants.
10 Net Incomlng/outgolng resourus
2025
2024
Net IncomSng resour￿ for the year Include:
Operating lease
Depreciation of fixed assets
18,540
11,985
11 staff costs
The aggregate payroll costs were as follows:
2025
2024
Staff costs durfng the year wern:
Wages and salaries
Social security i￿S
Pension costs
449,113
36,437
10,054
378,681
28,974
,137
495,604
415,792
Other stsffing costs (tralning, recruitment, travel)
10,235
14,622
Total staff costs
505 839
430 414
20

Forest of Avon Trust
Notes to the Financial Ststements for the Year Ended 31 March 2025 .
The monthly average number of persons (including senior management team) empbyed by the
Charity during the year was as follows:
2025
2024
Average head count
F￿1 time equtvalent
17
12
15
12
No employee re￿Ived emoluments of more that £60,000 during the year.
The totsl remuneration paid to key management personnel for their seNices to the Charty during
the year was £71,437 (2024 - £70,169).
There were no Trustees, remuneratlon or other beneffts for the year ended 31 March 2025 nor for
the year ended 31 March 2024.
There were no Trustees, expenses paid for the year ended 31 March 2025 nor for the year ended
31 March 2024.
12 AudltorslIndependent examlnerfs remuneratoon
2025
2024
Audlt of the flnanclal ststements (Includlng adjustsnents)
13 Taxatlon
The Charity is a registered charlty and Is therefore exempt from taxatlon on its charitsble actlvlties.
14 Tangible flxed assets
Furnlture and
ulpment
Total
Cost
At l April 2024
Additions
16,801
2,017
16,801
2,017
At 31 March 2025
Depreclatlon
At l April 2024
Charge for the year
5,638
5,960
5,638
5,960
At 31 March 2025
Net book value
At 31 March 2025
At 31 Marth 2024
21

Forest of Avon Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
15 Flxed asset Investments
M & G Investments
Investment
Totsl
Cost or Valuation
At l April 2024
Re4aluation
44,581
1,905
44,581
1,905
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
Totsl Investment relate to funds Invested in the M&G Investments Charifund scheme.
16 Debtors
2025
2024
Trade debtors
Accrued Income
Prepayments
62,774
47,947
25,77S
54,766
136 OOD
104 493
17 Cash and cash •qulvalents
2025
2024
Cash at bank
3 817 639
2 923 455
18 Creditors: amounts falling due wlthln one year
2025
2024
Trade creditors
Other taxatlon and soclal security
Other creditors
Accruals and deferred Income
825,556
8,734
202,953
2 394 856
3 432 099
594,035
9,683
2,801
1959 582
2 566 101
22

Notes to the Flnancl41 Statsm¢nts for th• Y••r End￿ 31 March 2025
19 Penslon and other Kh•m•s
Defin•d witrlbutlon p•n$lon sthem•
The Charlty operatss a deflned contrityJlJon pension scheme. The pen￿On cost tharoe for the year
rep￿Sents contjlbutlons payable by ts tharlty to the xheme and amcwjnted to £10,054 (2024 - £8,137).
20 Fund•
•alanu Jt
i Aprfl
2024
Other
recognised
Tr•nrf•Th g•lns1(loss•8)
Ineomlnp
ourc••
31 Marth
1025
expended
Unrestricted funds
Gen•ral
General funds
Tolal uThve5tr1cted
471001
471001
105 436
Re￿￿ed fvnd¥
for airnate- Capllal
Trees for aimèts- Rever#Je
We5tsm For
Oonattons and legacles
57,429
1,755.618
235,271
150,000
19,107
11,828,055)
(116.018)
( Iso,oth) )
( 19,107)
15,008
(15,008)
101.245
T•tsl r•¥trkt•d
2 113 180
Tgtsl lufids
2 209 682
575 246
The spedftc purposes for whlch tr* funds are to be applled are as lollows.,
Trees for aimatt- Oefra capltal and ffvenue fvndlng to the Forest of Avtyn Thist as one of Englan¢ls Communlty Forests, to del￿tr Tré•s
for aimate tree and woodknd plantlng grants. At the year end. tran51ers were made to bdng the lunds In Ilne wth expettatjons,
In the pdor year, don•lJt)ns for Forn* Sthool acOvf(les rellthd donathns ear￿ffted for For¢st SclvJol.
23

Forest of Avon Trust
Mote• to the Flnandal Statements for the Y¢Jr Ended 31 Marth 2025
8thlance at
l Aprfl
2023
Oth•r
r¢tognised
Transfvr• ylTrsl{losws)
In¢omlwJ
A•souv¢•s
•xpond•d
31 Mar¢h
24
Ilnrestricted fvnd$
General funds
Totsl unreslrlctsd funds
475 912
475 912
195 751
195 751
829
829
Re•trl¢t•d fvnd•
T￿e5 for aimats- Capltal
Trees for Ulmatr- Reven
T•tsl rn9th¢t•d fvn
1,048,766
250 516
1299 282
{ 989.2921
252 561
1241853
(2.045)
57.429
Total fvndi
475 912
829
517 591
21 A￿lY$ll of net as8•ts b•tw••fi lund#
Totsl lund•
at 31 Ma￿h
2015
fvnos
G•nernl
fund
Tanglble flxed assets
xed asset Investhnts
46,486
3,953,639
3 432 099
575 246
3,943,304
3 432 099
10,33S
Currert Ilabllltle5
Total net awts
Totsl lundi
R••trt¢tsd at 31 Mar¢h
lund•
2024
lund$
G•n•r
Tanglbk T￿ed assets
xed asset Investments
Cuffent assets
Current liabllltyes
Totsl net assets
11,163
44,581
2,970,519
11,163
44,581
3.027.Y8
2 $66 101
S17 591
57.429
24

Forest of Avon Trust
Noteg to the Flnanclal Statements for the Year Ended 31 March 2025
22 Rolatod party transactions
There were no related paty transartlons In the current or prlor year.
23 Op•ratirtg l•aM wmmltments
At 31 March 2025 the Charty had commitsnents to make further mlnlmum lease payments under nOn￿an￿lIable
operatlng leases as follows:
2025
2024
Wlthln l year
Within 2 and 5 years
later than 5 yea
32.136
8,034
29,664
1,236