The Blackdown Hills Trust
IA Charltable Company Llmlted by Guarantee)
Annual Report and Financlal Statements
For the Year Endod 31 March 2023
Company Numb•Y: 07181053
Charlty Raglst•r•d In England and Wal•$ Nurnbor: 1138327

The Blackdown Hllls Trust
Contents
For Ihe Year Ended 31 March 2025
Pa
Contents
Reference and Adminislrative D8talls
Trustèes, Annual Report
Independent Examiner's Report
statement of Financlal Actlvitles
Balance Sheet
Notes to the Financial Statem8nts
10-16
Prepared By Albert Goodman LLP

The Blackdown Hills Trust
Reference and Administrative Details
For the Year Ended 31 March 2025
Trustees and Directors
N Carter (Chair)
R Lloyd
M Canham
D Mounsey
Prlnclpal Offlce and R•gister•d Offlcè
Blowiscombe Barn
Clayhldon
Nr Cullompton
Devon
EX15 3TL
Bankers
HSBC Bank PIC
2 Fore Street
Wellington
Somersel
TA218AH
Independent Examlner
Michelle Ferris Bsc (Hons) FCA DChA
Albert Goodman LLP
Goodwood House
Blackbrook Park Avenue
Taunton
Somers8t
TA12PX
Prepared By Albert Goodman LLP

The Blackdown Hllls Trust
Trustees, Report
For the Year Ended 31 March 2025
The trustees, who are also directors for the purposes of the Companies Act, present thelr report and Ihe
unaudited financial statements of the charlty for the year ended 31 March 2025.
Th8 flnanclal statements hav8 been prepared in accordance wlth the accountlng polldes set out in nole
1 to the financial statements and compty with the charity's memorandum and articles of associalion, the
ststement of Recommended Practice, -Accountlng and Reporting by Charities. (SORP FRS 102-
implemented 1 January 2019) and are In accordance with the speclal piovlslon relatlng lo small
ompanies within Part 15 of the Companies Act 2006.
Publlc Beneflt
The trustees confirm Ihat Ihey have complied wlth sectlon 4 of Ihe Charities Act 2006 to have due regard
lo the public benefit guidance publish8d by th8 Charity Commission.
Structure, governance and management
The Blackdown Hills Trust is an Independent charity, registered number 1138327 and a company Ilmlled
by guarantee, registered number 07181053. The reglstered office is Blowiscombe Barn, Clayhidon, Nr
Cullompton, Devon. EX15 3TL.
The governing document is the memorandum and articl8s of assoclation dated 19 February 2010,
amended on 21 June 2011. The company was incorporat8d on 06 March 2010.
The following Irustees. who are also directors for the purposes of company law, served durlng Ihe year
and slnc& the year end:
R Lloyd
N Carter {Chair & Treasurer)
M Canham
D Mounsey
All business of the trust is conducted in accordance wlth Its memorandum and articles of association
togelher with the rules incorporated within this document. The directors of the company also act as
trustees. They act in a voluntary capacity, except the treasurer who is paid a nominal hourly rate when
working for the Trust. The Chairman and Treasurer are elected by the other trustees and must b& re-
elected every three years. Appointment of any new trustees Is made In accordance wlth prescribed
criteria and company rules.
None of the truslees has any beneficial inlèrèst In the company. All of the trustees are members of the
company and guarantee to contribute £10 in the event of liquldation of the company.
Prepared By Albert Goodman LLP

The Blackdown Hills Trust
Trustees, Report
For the Year Ended 31 March 2025
Oblecllves and actlvttles
Th8 objects of th8 charity are..
1. To promote for the benefit of the public the conservatlon, protectlon and Improvement of the
physical and natural environment.
2. To advance the education of the public in conservation. protectton and improvement of the
physical and natural environment.
3. To provide or assist in the provision of facilitiès In the inlerest of social welfare for recreation or
other leisur8 tlme occupation for the public at large or individuals who have need of such facllities
by reason of thelr youth, age, infirmity or disability, financial hardship or soclal circumstsnces wlth
Ihe object of improving their condltions of Ilfe.
Every potential project is evaluated as to how far it reflects our objects. In the future project evaluation
wlll take Into account how well outcomes have mel with our objects.
Achl•v•m•nts and porfornianpAS
The Trust's curfenl activitles are focused on enabling conservation grazing and woodland m8nagement
in the publlc forest, encouraging environmental volunteering, and providlng advlc8 to landowners on
vA)odland creatlon and managemenl.
The project funded by the Foraslry Commlsslon came to an end in March 2017 where it was hoped that
the cattl8 own8d by tha For8Stry Commission would be gifted to the Trust and the Trust could continue
the grazing projecl. During the 2018-19 year end the cattle (livestock units (LU)) was subsequentty gifted
to the Trust by the Forestry Commisslon for £nil consideration, 86 LU'S were gifted at the value of £600
aach (90/0 market value). A livestock leasinglmanag8m8nt agreement was In place wlth the two
grazlers. whereby the graziers would purGha8e the cattle (al £600 each) over 4 years at which point they
wlll take sole responsibility for the grazing project wilh lh8 Forestry Commlsslon and Natural England.
The finel cattle were purchased during the year to 31 March 2023, at which point the Trust had no
remaining LU'S to sell to the grazlers.
Tha Trust channels fundSng from the HLS agre8ments to the grazlers on a non-profil basis. retaining only
small percentage (6Q/o) to cover administration costs. The trust Is run by volunteers, The graziers, in
turn, aye responslble for the grazlng of the forest area during summer and overwSnterlng the cattl8,
outside the forest. HLS monies finance both the grazlng and the overwintering costs.
Over the past thirteen years the Trust has also sought capital funding from various sources to finance
v8g8tation manag8m8nt on the grazing units in pursuit of the HLS objeclives, and has retsined
consultatlon support to oversee practlcal arrangemenls and ecological monltoring The Trust took on the
ownership of the Longhom cattle from FE, some years ago and has gradually sold th8 herd lo th8
graziers to help flnance Its work. The Trusts original HLS agreements ran from 2012 until 2022. Thes8
were extended by Natural England IRPA for a further five years and currently run untll 2028.
The Trust are still holding Funds donated by the Blackdown Hills Woodland Association with the proviso
that it is used for Wood I woodland l Tree related Projects.
Plans for the future
The Trust will continue looking for funding through FIPLS and other grant providers for scrub cl8arance
and Machinery to help with the ongoing conseTvalion.
Prepared By Albert GtKrflman LLP

The Blackdown Hills Trust
Trustees, Report
For the Year Ended 31 March 2025
Flnanclal revlew and reserves policy
The charity operates wilh minimal running costs. Most of ils charitable work Is undertaken on restrlcted
projects, with an agr88d contribution to unrestricted cor8 Costs wh8r8V8r posslble. A deficit of £4,383
was made durlng the year (2024.. deficlt £1,319), The maln costs are cattle management and repairs and
malntenance of fencing. whlch together cost £53.68812024: £48,606). Caltle were donated in the 2019-
year end and were held as stock until they were sold to the graziers.
At 31 March 2025, the charity had total reserves of £39,541 (2024: £43,924), of which £3,303 is
unreslricted {2024.' £2.240) and £36.238 is restricted {2024: £41,684y. The unrestricted r8S8n18s V￿uld
allow for approxlmately 8 months of unrestrScled expenditure, whlch is in line wlth expectations,
Raserves are hald for plans for the charity, and Ihe intention Is that spending wlll be capped to Income to
malntaln reSer￿e&.
Rlsk managomant
The trustees have considered the major risks to whlch the charlty Is exposed. They have revlewed those
rlsks and established systems and procedures to manage them appropriately.
Slalemenl of Tru?te•s' Re¥spon$lbllltlos
Thè trust8è8 (who arè dlrÉctors of The Blackdown Hllls Trust for company law) are rasponslble for
preparlng the Truslees. Annual Report (incorporating the Directors, Report) and the financial statements
in accordance with applicable law and Uniled Kingdom Accounting Standards, including Financial
Rèportlng Standard 102 The Financial Rèporting Standard applicable In the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
Company law r8qulr8s lh& truste8S to pr8pare flnanclal statements for each flnanclal year whlch glve
true and falr vlew of the state of affairs of the charitable company and the income and expenditure of the
charitable company for that period. In preparirKJ these financial statements. the trustees are required to:
select suitable accounting pollcles and then apply them conslstently;
observe the methods and prlndples Sn the Charlt18s SORP.,
make judgments and estimates that are reasonable and prudent.,
stsie whether appllcable UK Accounting Standards hav8 b8en followed, subject to any materlal
departures disclosed and explained in the financial staternenls, and
prepare the financial stalemenls on the going concern basis unless it is inappropriate to presume
that the charltable company wlll contlnue In business.
The truslees are responsible for keeping adequate accounting records that dlsdose with reasonable
accuracy at any time th8 financial position of the charitable company and enable them to ensure that th8
financlal statements comply with the Companies Act 2006. They are also responsible for safewarding
the assets of the charilable company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities and are responsible for the mainl8nance and Integrity of the
corporate and financlal infomation on the charity's website.
Prepared By Albert Goodman LLP

The Blackdown Hllls Trust
Trustees, Report
For the Year Ended 31 March 2025
Small company
Thls report has been prepared in accordance wlth the special provislons relatlng to small companies
wlthin Part 15 of the Companies Act 2006.
Signed by order of the truste8s on
18-I.26
N Carter
Director
Prepared By Albert Goodman LLP

The Blackdown Hllls Trust
Independent Examiner's Report to the Trustees
For the Year Ended 31 March 2025
Independent examlners report to the Trustees of The Blackdown Hllls Trust
I report lo the charity trustees on my examination of the accounts of The Blackdown Hills Trust (°the
Company") for lh8 yéar ended 31 March 2025.
Rosponslbllltl6s and basls ol report
As the charlly's trustees of the Company (and also its directors for the purposes of ￿rnpany law) you
are responslble for the preparatlon of the accounts in accoThdancé with thè r6quir6mants of the
Companies Act 2006 ("the 2006 Act").
Havlng salisf16d mys&lf that the accounts of thè Company ara not roqulr8d to be audlted undèr Part 16 of
the 2006 Acl and are elv3ible for independent examination, I report in respecl of my examination of your
charity's accounts as carried out under seclion 145 of the Charities Act 2011 ('the 2011 Act.). In carrying
out my éxamination I havè lollowed th8 Diréctions giv8n by the Charty Commission under section
145(5)Ib) of the 2011 Acl.
Independent examlner's statement
I hav8 completed my examlnation. I confimi that no material matters have come to my attention in
¢¢nneclion with the examination giving me cause to believe that in any material respect:
1. accountlng records war8 not k8Pt in r8SP8Ct of th8 Company as required by section 386 01 the
2006 Act., or
2. the accounls do not comply with these records,. or
3. the accounts do not comply with the accounting requirements of section 396 of ihe 2006 Acl
other than any requlrement that the accounts give a "true and falr Vie￿ which Is not a matter
considered as part of an independent examinalion; or
4. the accounts have not been prepared in accordance with ihe methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to
charities preparing their arxounls in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland {FRS 102).
I havo no concerns and have com8 across no othar matters in connection with the examination to which
attention should be drawn in this report In order to enable a proper understandlng of the accounts to be
reached.
le Ferris Bsc (Honsj FCA DChA
Albert Goodman LLP
Chartered Accountants
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA12PX
..9-o.1oi /9
Date:
Prepared By Albert Goodman LLP

The Blackdown Hllls Trust
Statement of Financial Activities (including the income and 8xpenditUTe account)
For the Year Ended 31 March 2025
Unre-
strlcted
Funds
Rè-
strlcted
Funds
Unre-
Strlcted
Funds
Total
2025
strlcted
Funds
Total
2024
Notes
Income from:
Charitable activities
3,079
48,242
51,321
3.079
48,243
51,322
Total
3,079
48,242
51,321
3.079
48,243
51,322
Expenditure on:
Charltable activilies
2,016
53,688
55,704
4,035
48,606
52.641
Total
2,016
53,688
55,704
4,035
48,606
52,641
Net (expendlture)I Income
for the year before tran$ler8
1,063
(5.446)
(4,383)
(956)
(363) (1,319)
Transfers
Net movements In lunds
1,063
15,4461 (4,383)
{956}
<3631 (1,319)
Raconclllatlon of fund5:
Fund balances at 01 April 2024
2,240
41,684
43,924
3,196
42,047
45.243
Fund balances at 31 March 2025
3,303
36,238
39,541
2,240
41,684
43,924
The results for the year derlve from conllnulng aclivities and there are no gains or losses other than
those shown above.
The slatemenl of financial aclivities Incorporates the income and expenditure account.
Prepared By Albert Goodman LLP

The Blackdown Hills Trust - C<>mpany Reglslratlon Numb•r: 07181053
Balance sheet
As at 31 March 2025
Notes
2025
2024
Flxed assets
Tangible fixed assets
Current assets
Cash at bank and in hand
40,983
45,172
40.983
45.172
Creditors
Amounts falling due within one year
{1,442)
(1,248)
Net current assets
39,541
43,924
Net assets
39,541
43,924
Funds
General funds
Restricted funds
12
12
3,303
36,238
2,240
41,684
39,541
43,924
These accounts have been prepared and delivered In accordance with ihe special provisions of Part 15
of the Companies Act relating to small companles 2nd constltute the annual accounts required by the
Companies Act 2006.
For the year endlng 31 March 2025 the company was entitled to exempllon under sectlon 477 of tha
Companles Act 2006 relating to small companies.
The trustee5 have not required the company lo obtaln an audlt In accordance with seclion 476 of the
Companies Act 2006. The directors acknowledge their responsibilities for complying with the
requlrements of Acl with respect to accounting records and preparation of the accounts.
Approved by the Board for Issue o
. and signed on its behalf by:
N Carter
Director
Prepared By Albert Goodman LLP

The Blackdown Hllls Trust
Notes lo the Financial Statements
For the Year Ended 31 March 2025
Accounllng pollcles
General Infomiatlon and basls of preparatlon
The Blackdown Hills Trust is a company limited by guarantee incorporated in the Unlted Klngdom
under the Companies Act. The address of the registered office is given on pagè 2. The nature of
the charity's oparations and its principal aclivities are set out in the Trust8es r8POrt on pages 34.
The financial statements have been prepared under the historic cost convention. The financial
slatements have been prepared in accordance with Accounting and Reporting by Charities:
Stat8ment of Recommended Practice applicable to charities preparing Iheir accounts in
accordance with the Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland
(FRS 1021 (effective 1 January 2019)-(Charltles SORP (FRS102)), Ihe Flnanclal R8POrtlng
standard applicable in (he UK and Republic of Ir8land {FRS 102) and the Companies Acl 2006.
The charlty maets the definilion of public benafil under FRS 102. Assèts and Ilabllltles are initlally
recognised at hlstorical cost or Iransaclion value unless otherwise stated in the relevant
accounting policy.
1.2 Fund accountlng pollcy
Unr8slricted income funds are general funds that are available for use at the trustees. discretion In
furtherance of th8 objectivas of Ihe charlty.
Reslricted funds are those donated for use in a particular area or for specific purposes. the use of
which Is restricted to that area or purposa.
1.3 Income
All income is includ8d in th8 statement of financial activities when the charily is èntlded to the
income and the amount can be quantified with reasonable accuracy. The following specific
policies are applled to partlcular categories of income. The valuation of donated servlces is not
quantified withln the Statement of Financial Activities.
Donated stock is included at falr value, belng the expected proceeds from the sale less the
expected costs of Ihe sale. If practic81 to assass the fair value at receipt. il is racognised in stock
and income from donations. Upon sa18, the value of the stock is charged agalnst charitable
activities expenditure and the proceeds are recognised as income from donations.
Incomè from grants, relatlng to speclfically Ihe provlslon of goods or servlces as part of charitable
activities or setvlces to clients are included in full in the Statement of Flnancial Activities when
receivable and in the poriod in which Ihey relate to. Granls are deferred when the monies have
b8en r8caived in advance of the period in which Ihey relale to.
1.4 Expondlture
Expenditure is accountèd for on th& accruals basls. Llabilities are recognlsed In th8 accountlng
period to which Ih8y relate.
Governance costs comprise all costs involving the public accountabllity of the charity and its
compliance with regulalion and good practice.
Prepared By Albert Goodman LLP
10

The Blackdown H5115 Trust
Notes to the Financial Statements
For the Year Ended 31 March 2025
1.5 Government grants
Government grants are accounted for when uncondltlonally due and reasonabl8 assurance can
be gained that it will be received. Where fvnds are r8ceived in advance, for a sp8cifi8d period,
these funds are deferred and iecognlsed In the period to whlch they relate. Where funds have r￿1
been received in 8 speclfied period, these funds will be accrued in debtors and recognised in the
period to which they relate. Not all grants received have conditions and performance indicators
attached, where this is the case, the Income Is Included wlthln donations. Parformance related
grants are included within Charilable Activities income.
1.6 Dopreclatlon
Depreciation is provided on tanglble flxed assets so as to wrlte off the cost or valuailon. less any
estlmated resldual value. over their expected uselul economlc Ilfe as follows:
Plant and machinery
20Vo slr8ight line basis
Cash at bank and in h￿d
Cash at bank and in hand comprise cash on hand and call deposits that are readily convertible to
a known amount of cash and are subject to an insignificanl risk of change in value.
1.8 Credltors
Creditors and provislons ar8 r8cognised where the tharlty has a Pfesent obligatlon resulting from
a past èvent Ihat will probably result in the transfer of funds to a third party and the amount due to
settle the obllgation can be measured or estimated reliabty. Creditor8 and provisions are
recognised al their settlement amount.
Flnanclal Instrumonts
The charity onty holds bas5c financial inslrumenls as defined in FRS 102. The financial assets
and liabilities of the Charlty and their measurements are as follows:
Financial assets
trade and other debtors are basic flnancial instruments and are debt
instruments measured at amortisad cost. Prepayments are not flnanclal Instruments.
Cash at bank- Is classified as a baslG financlal instrument and Is measured al face value.
Flnanclal Ilablllt18S - trade creditors, accruals and other creditors are financial instruments, and
ar8 measured at amortised cost. Deferred income is not deemed to be a financial liability, as Ihe
cash settlement has already taken place and there Ss an oblSgatlon to dellver seNlces rather than
cash or anolher financial instrumént.
Prepar8d By Alb8rl Goodman LLP

The Blackdown Hills Trust
Notes to the Financial Statements
For the Year Ended 31 March 2025
Charltabla actlvltles Income
Unre-
strlcted
Funds
Re-
strlcted
Funds
Unre.
strlcted
Funds
Total
2025
Strlcted
Funds
Total
2024
Grant Income
RPA
3,079
48,242
51.321
3,079
48,243
51.322
3,079
48,242
51,321
3,079
48,243
51,322
Charitable actlvltles expendlture
Unre.
8lrlcted
Funds
R•-
5trl¢t•d
Funds
Unr•-
Re-
strl¢tsd •trlcled
Funds
Funds
Total
2025
Total
2024
Cattle management
Fees paid to Iruslees
Rent
Repairs and mainl8nance
(note 41
Print, postage and stationery
Travel
Cost of trustee meetings
Bank charges
Woodlanders administrallon
Govemance CA)s15
47,242
47,242
44.570
44,570
801
500
500
500
500
4,084
4,036
4,036
23
71
177
65
1,150
1.248
23
71
177
65
1,150
1,248
122
62
122
62
2,362
1,332
2,362
1.332
2,016
53,688
55,704
4,035
48,606
52,641
Included In governance costs
Accountants, remuneration
Independent examinerfs fee
1.017
315
1.017
315
933
315
933
315
1,332
1,332
1.248
1.248
Prepared By Albert G0￿Man LLP
12

The 81ackdown Hills Trust
Notes to the Financial Statements
For the Year Ended 31 March 2025
Repalrs and malnlenanrA
Unrn.
strlclod
Funds
Unre•
strlclod Strlcled
Funds
Funds
strlct•d
Funds
Total
2025
Tolal
2024
Fenc811ne main18nanc8
4.084
4,036
4,036
4,084
4,084
4,036
4,036
Trustees and employo8G
The charity has no employees, and hence none that received remuneration of over £60.000
(2024.. none).
None of the trustees have been pald any iemunerallon by the charlty durlng the year (2024..
none).
Fees of £122 {2024 - £1,070) for administrative sepiiGes, reimbursements for mileage tolalling £nll
(2024 £71) and reimbursemenis for postage, slationery, rèpairs matérials 8nd venu8 hlre
totalling £nil (2024.. £100) were pald to one (2024 one) of the trustees during the year. Al 31
March 2025, £122 {2024 - £1,070) was owed to one (2024- none) of the trustees.
Taxatlon
The company is a registered charity and Is, therefore. not Ilable to corporatlon tax to the extent
that incoma and gains are applied lo charliable purposes.
Pr&pared By Al￿rt Goodman LLP
13

The Blackdown Hllls Trust
Notes lo the Financial Statements
For the Year Ended 31 March 2025
Tanglble assets
Plant and
machlnery
Total
Cost
As at 01.04.2024 and 31.03.2025
3,000
3,000
Dopreclation
As a101.04.2024 and 31.03.2025
3,000
3.000
Net book value
As at 31.03.2025
As at 31.03.2024
Crodttors: amounts falllng due wlthln one year
2025
2024
Accruals
Other creditors
1,320
122
1,248
1,442
1,248
Company Ilmlted by guarant••
The charily was Incorporated as a private company limited by guarantee and has no share capital.
The guaranlee to the company is £10 per member due on ihe winding up of the company. At 31
March 2025, the company had four m8mb8rs and therefore, the lotal amount guaranteed was
£40.
Prepared By Albert Goodman LLP
14

The Blackdown Hllls Trust
Notes to the Financial Statements
For the Year Ended 31 March 2025
10
Operatlng lease commltments
As at 31 March 2025, the ¢hari(y had annual commilments under non-cancellable operatlng leases
as follows:
Operating leases which expire.,
2025
2024
Land
Land
Under one year
500
500
11
Statement of fundg
Statemenl of funds - 2025
8alanc•
01.04.24
8alanc•
31.03.25
Incom• Expendlture
Transfor8
Restricted funds
Cattle grazing project
Woodland Fund
33,848
7,836
48,242
(51,326)
(2,362)
30,764
5,474
Total restrlcted funds
41,684
48,242
(53,688)
36,238
Unrostrictod funds
General
2,240
3,079
(2,016)
3,303
Total Funds
43,924
51,321
(55,704)
39,541
Prepared By Albert Goodman LLP
15

The Blackdown Hills Trust
Notes to thé Financial Statements
For the Year Ended 31 March 2025
Statement of lunds- contlnued,..
Statement of fund5- 2024
Balance
01.04.23
Balance
31.0324
Income Expendltura
Transfers
Restrlcted funds
Cattle grazing project
Woodland Fund
34,211
7,836
48,243
(48,606)
33.848
7,836
Tolal restrlcted funds
42,047
48,243
(48,606)
41,684
Unrestrlcted funds
General
3,196
3,079
<4,035)
2,240
Total Funds
45,243
51,322
(52,641}
43,924
The purpose of the materlal funds are as follows..
1) The cattle grazing project aims to malntaln felled areas In the forest using Engllsh Longhorn
cattle, which graz8 on bramblos, bracken etc and Ihus keep these under control.
2) Thè Woodland fund was donatéd by thè Blackdown Hills Woodland Association with the proviso
that it is us8d for Wood I woodland l Tree relalad Proleets.
12
Analysls of not a880ts between lund¥
Unre-
strlcted
Funds
Unre.
Re-
strlcted Strlcted
Funds
Funds
strlcled
Funds
Tolal
2025
Total
2024
Current assets
Creditors.. amount falling due
within one year
4,745
36,238
40,983
3.488
41.684
45,172
(1,442)
{1,442>
{1,248)
(1,2481
3,303
36.238
39.541
2,240
41,684
43,924
Prepared By Albert G(M)dman LLP
16