Charlty regIstra￿On nurnb¥r 1141021 Company reglstrntion number 07444213 IEngl¥nd #nd Wale8} THE JOHN STRurr CONSERVATION FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (C? xeinadin THE JOHN STRurr CONSERVATION FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Mrs C Berry H Loxam Mr J S R Elllott Or P Welsh MrDSwa C Wnlor (Pwolnted 20 Mgr¢h 2024) Charlty numb•r 1141021 Company number 07444213 Reg18ternd offl The Estsle Offic4 Low Ploughhnds u¢tl• Musgra¥e Klth Stepl￿n Cumbrta G417 4PQ Audttor Xetnadln Audlt Llmlled Oak Hous& IAarket Place Bedale North yo￿$hIre DL8 1Aa Bankern B8rd8ys B¥nk Pk 31 Hlgh Row D8rflnglon County Durfhgm DL3 7QS Sollcltorn Qlvinglon Soiidtors IAtsslmorland House ma￿et Squ8re by Stephen CUM￿18 CA17 4QT THE JOHN STRUTT CONSERVATION FOUNDATION CONTENTS P•g• TN8t•￿' report Statement OItN•te￿, rn8pondblMt88 Ind•p•ndenl AudlloV• report ststonKJnt ot11mnd￿ •cYvilJ 10 8I14nc• lheot 11 Not•• lo th• flnfjnd•l •t•l•ment• 12-23 THE JOHN STRurr CONSERVATION FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Tho Iwstses wesenl thetr annu81 report and Ilnand81 Stat￿nents forthe year ended 31 Marth 2024. Th& fflnandal Slate￿nts have been prepared In accordance *ith the attounting pofides sèt OLrt In note 1 to the finand91 slatements ond cornpiy wSth the charfvs memorandum and artide5 of assodatlon. the Companles Ad 2008 anfl 'ArLounllng and Reporting by Charmles.. Ststement Of Recommended Prathce appllcable lo charitie praP￿1￿j thetr accounls in accordanc* *ith the Flnonclal Reporting Standard applicable th the UK 8nd RepUb￿C of Ire￿nd {FRS 1021" (effective 1 January 20191. Oble¢tIv￿ and acllvltl The tharws pdndpal o*cllve$ are lo wjmote conseryailon and sludy olwlldllf• Indudlng blrds. and In￿¢1$ In the nalur81 en¥lronmentfomilng Ihelr h9bllat and to promots kno*ledge of and interest in 8uth wlldme. The manag8monl of the chartV$ land 1$ dg8lgned to sustaln and 8nhanea habitats and t4odl¥orslty. In manoglng areas of 8ndent woodland and weuand. the charfty $&ek$ to retaln vegetsfjon thatls natural in type and dl8plays natural process&s. Whem land Is managed by grazlng. the pollcy Is lo enhaftcA blodlversty by iegulating 8toc* levets and prohlbWng the appikalon of herbl¢k1es. arlffidol ferttlSseTS and I￿&Stod[ slury. Hay ffleadows ar m8n8ged to enhance florlsttc dc1￿$58 and safeguard ground n8Sttng blrds and th8 tmst88s are recepling a8￿8￿ne& from Cvmbrfa Wlldiife Twst for hay meadow restoraknn prolects on their Harfley and Haybrfdge land8. Hedgero and Blone walls are Matr￿81ned by tradlllonaj pradces. The charfty bs worklng vhth Tere8a Moths (Natural England) ¥nd Andrew Gomall {Fore8ty Comrn188lonl lo develop a Mixed Agri￿nVirOnment and Woodlands Hlghgr Tlar Sthgme at Hgybrjdga whlth wlll lundlng for the ¢h8rfty lo dellver fvther envlronment81 bengffts. Tho ¢harbty 18 al80 wo￿ng wllh Edward M1118 of Foolprfnt Fore$ty to develop a Woodknnd Management Plan forthe woodland8 at Harttoy. Publ1¢ bonefft 8tst•ment In Inte￿relIng and plannlng the 8CtlvWles of tr* Charfty the Trustees havo ghen c0nsklw￿0n to corn￿10n(¢ wlth Public Ben8fft and tt Is planned for 24r25 10 8tren9thon fom)g1 conskleralon at th& AGM r¥Wftg to thg Ch Commlsslon guldance on pubk benofiL Th8 advancement of envlronm8nto1 prote¥Xton and Impr0￿MeTht 18 re¢ognl$ed as a ¢haritablè purpose and 18 univernally règarded as produdng a pthjlic good. The chartty èxl8t8 to promots the ¢•rt of y￿k11rfO 8nd tts h8bM8ts ond Its mon8g¥ment of land p￿deS a dear publlc bene15L The value of several or89$ of the ¢harfV$ land ha8 bagn rgcognlsed by thelr de8lgnallon 88 either a Sltè Of Spedal Sdentlfic Interest or a County Wldllfr Slte. and through c9￿80r¥In0 th&s& 8rea8 followlng recognt6ed good Praclice the chartty contrSbuteB to natlonal CAJnseMllon goals and enhanwo publlc ban￿L Th& publlc enl¢)ys access to 4 ￿)nSiderable part of the chaiivs land. and beneffts from enloymenl of oulstsndlng xenery and dch wldlrfe. At Haybridge the prowsion of facililies for the Haybridge Sodety members 8nd th& onco(tr8uemènl of educational vlslis adds furfher dear publlc benefiL The trustees have ￿anS to 8nhanee publ1¢ enloymont of their land at Harlley. part of whlch Is 8fready de*nated as Acce￿ Land under the County81de and Rlghts ofWA¢t. 11 ¢stsb￿8hed a COD￿5510￿ary path along a dl8u3ed raihvay lthe e408sing its e8tale. The charfty has wcrfked wilh Mork Jenklnson al Hartley lo deilver a large Countystde Stthv8rd8hlp HlgherTler Scheme 8fAJg$18nd he rents frorn the ch8rfty. Achl•¥thients and perfarn?an¢e signlfic8ntactivit￿s end &Ch￿veMents ag8lnsto¥8clfve$ At Hay &idge, a huge 8mounl of worf¢ resulted in the suixes5ful approval of a new 1fyyear Counlrysid8 stewardship agreernent commendng on th• 1st ofJanu￿ 2024. This vhjl help fund managemenl and monttorfng lo further Impro¥8 this exceptlonal Nature Re$oN8. At Hay 8rfdge a grant was obtaln8d for Cumbrfa IMklThts TN8t for the cregllon of slx new poftd8 for the benefft of Great Crast•d Ne%￿. have a180 C4Mllnued to host a good number of educalional gTOUP vL%its NKludtng from IAIND,. THE JOHN STRurr CONSERVATION FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 At H#b11ey, a Farn￿ng In Protecled L8nd$cap8É Grnnt was oblain8d In th8 previovs flnand81 year for the ¢re8Uon of footpath In tho Hartloy L8ke$ Fleld and a￿0 ou0$$ the higherlgnd lor publlG 4¢cws. The foolpath h now open and tharo has bean good feedbod( from the local commu￿. At Hartky we have conllnued to wort ¢losety vAth our fany)IrwJ t￿OnI$, Mark Jankinson and Roger Snth80n lo deliver 80me of our ¢on8epAlon obledlvas. On our behaLf Mark Jenwnson 1$ ddlvarlng a Countyside Sleward8hlp HlgherTrr s¢heme wfil¢h Indudes the ¢r8aUon of u￿and wood p￿ture ond re$torallon of hay meadowB. Th• Fo￿da￿On 0%￿S a numbor ofhouses, fami ￿lld1￿J5 and industrial units at Ha￿eY. TheBe propthle8 are ￿ lo provide Ivt¢¢)me and so support the ¢>JnseNation WO￿ of Ihe (*aiity. Durin9 the year the house$ al Hthey were predomln8nty occupled and Incomo produdng. The Warden now owle8 Haybrtdge HOU￿ on a seNIco o¢¢upan¢y agreemgnt 8$ part of h1$ emthm&nt ¢ontsct so th8t th&r8 ￿ ¥ pemwnont pr8sonc8 on the slte for both managem￿1 and s•¢urfty. Fln8ncl•l rnvl•w Th8 Trustses have conllnued lo strengthen thetr of strid c4Jntrol over expendiiure. Ints)mè for thè year amounted to £385,451 12023 - £301.469). thcludlng a £159,543 gain on disposal of land no longer requtred, and expendltur• for the yèar amounted lo £213,014 12023 £293.6691. Exduding the property galn, th• ¢haity generated a net 8urplu$ ￿1018 Investment g81n$ of £12,89412023- Su￿lu8 £7,780). TOW Investment galns of£90.37812023- galns of £15.$441 were generated kn the yefjr. AS ¥ rowh the ¢harfty's total funds stood at £5.595.120 12023 - £5,332,305) ￿ at 31 Marth 2024. kndudlTrJ unreslrlded funds of £S.549,735 (2023 - £5,292.3421 and rnstricted funds of £45,38S 12023 - £39.9631. The ra$tylct8d fvnds repwsenl Ihe n81 book v81ue of ￿PItal assets 8f>Julred as part of tho Natural England Hlghar Lavej Stewardshlp Agraemant prolact and unspant funds for the Haybrldge Pe8ke¥ Pond pmlect, Ihe Hathy Lakes Ftold and Open AcLe8s ProlecL the MIND thct and fvnd$ re¢elved from The Cun*rfa TWSL The ¢h8rtty$ rfj$eNo$ pollcy has been to mylntain unre8trithd funds. not committed to tangible r￿ed assets or Investmen( equlval8nt to at least slx months axpendrture. Th• bagls of th1$ pollcy bdng that re88Nes ar8 naeded to meet thg cash flow requlrements of the tharity and the tnjstees are con17dent that at this level they w¢yJld. In the Ihort temi, bo able to continue the I￿rrent athvitles of Ihe tharity In the event of a ￿gnIficant dn)p in fund5ng. A ravlew Is cuffanty ongolng trtr asséss *thèthÈr th18 pol* rèmains appropriate in light of recent and futuro oypectad th8nge8 lo the th8rWs In¢om8 and ￿PendI￿re. Inv•gtm•ntpoll¢y and oblecdv Durfng the year Ihe lknandol Inveslments wern managed by Hugh Beaumont of Mtndful Flnandal Plannkng. The tnvestswl strategy L* tevwed gath year. The current Investment pdbcy staternent Ind￿leS the fdlowkng objeL*ves: . to generate 8 thStrt>uta￿tr retum, comprfslng Income And eaphal wlthdrawal8. ol at Wt 2.8% per annum over rolllng fve year pgrfods to contthth loward the charfty8 adlvhks: io malntakn the value of ca￿181 In r••1 tsmi8 ¢)vor the medium to long term,. and to malntaln an Inve8tment strategy In keeplng wlth the alms ol • ¢cffi8¢Nation ¢harfty. paykng regard to anvlronm8ntal. athlcal and 8odal cOn￿er•I10nS. The tW8te98 have appolnled Hugh Beaunwjnt of Mlndful Flnandal Plgnnlng Ltd, a tradlng style of Lyn¢ombe Con$ufrants Ltd. • llmi authorf8ed and regulated by the Financial ConductAuthorfty. to act as Investmenl advlsor to the tharfty. The Inve8trnent #dv550r prthrfdes quart8rty portfollo vAlualon$ and o)mmenl3 to thg Iw8leeB. On at lea¥t annual b8818 the Irusts¥s. In conluncllon vAth the InveBtrnent ad￿lsOr, will revtaw tha portfolto ralums dsk and Asset allo¢atlon, compare th8 Snv•stment retum$ vJ6th a suit8ble benchmark, rebalance the portfollo as requlred. repl8¢e fund$ whore altgmate funds are consldered to provjde I￿lter opportunilws, re￿1$* profft8 to replenlsh the cash rese￿ os approprlats. and r•¥lew th? portfolio ¢08ts and charyes. THE JOHN STRUTh CONSERVATION FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans far futurn perlods Our excellent w8rden, KeNh Loxwn. deddod to r•Ure at the end of August And we welcomed JIM Shaw as his repl8￿Ment. Our thank$ go to Kelth for h1$ outslandtng wNk luming Hay Brfdge tsrto the arnazinq resaN* that tt Is t¢doy and that Ss so highty apwedated by so many. We are developlng plan8 for Jhn Shaw to bulld on Kelth'$ work. Th880 Inthjdo: Ensurtng the excetlent but complex Countryslde Stew¥dsNp 8greement At Hay Biidge is managed to achleve the best possible conseNalion resuhs.. . To WO￿ vrith our faThn tenants and volunteern at Haruey to enhance the ex16￿n9 nature achIeV￿nts. and . To fuvther develop ow educallon and Inte￿retatItsn ￿ at both lorallons. In athlltton we b8 wothg ft￿re futy wlth ￿e￿J￿ourn and partner bodbes lo deliver n•lure reo)w at s¢￿0 4rnund both $tte& A strat8gy is being eonstderad regardlng the resldentlal and commerclal prop¢ty as Imprnvemants be requtred tr• keep abreasl the ever evolvlng regul8llon surroundlng terkqnted propoty. In rewect of Go¥emanca and Flnance, particularlooJ818 on.. Re¥l￿ng the TN81ee Board and temts of office to develop all g8n8rntion$ to the Board and the appropdale spread of sklll sets for the Chaity; Ensurfng the Charity18 sethng *ppropriate Independent advlce vh￿n Tequlred from approprfatety quall￿d advlsors th order lo addrtrss Ihts Challenges and requirements expected from a n￿lIuM sized thaiity: Conllnuallon wlth the Fln8ndal Management trnpmvements identified.. Im￿ement an approprfale programme of tralnlng lor Trustees. Staff and VolUnte￿S. and ensure profe88knn818d¥l8or8 con demonstrate an approprfal&18val oftralnhig fOrth￿r￿CtOr. Structurn, govern•n¢e and manag•m•nt Tha chwity Is a company ltrnll8d by gu•r8ntO• 8nd18 govemed by a memoravmlum and artKae8 of aSsr￿allOn. The tharfty was incoryjorated on 18 November 2010 and romalned domant un￿1 31 Marth 2011 the nol assets of a (*aiitable Iwst known as The John Stsult Consgrvauon Foundalon Id)arity no. 1073619) were transferred lo IL The twslee$, who are also th8 dlrectOf8 for the purpose of compony knw. and who 84p￿d durtng th& y•ar and up lo the dale ofslgnature tslthe finonthl 6tatements were.. MIB C Bery rs H Loxam IArJ S R Elllott Mr E Hewet8on PArG Broome Orp￿￿1¥h Mr D Swakwell DrSDWard Mrs C Wnler IReslgn•d 18 No¥ombBr 20241 (Reslgned 18 November 20241 IReUred 20 November 20241 (Appointed 20 March 2024) Re¢rnitmenl 8nd4ppdnlment of tmst&&s Addllton81 tru8tee¥ are appolnted by the board of trust¢e$ and Ihwe 1$ no 8taW period of 8wvi¢e. The merrnrandum provld8s for 8 mlrdmum ofthretr Iw8tee¥ there18 no Umilgllon pknc4d on the nwlmum number of Th8 Tnjstae skll sgt wa$ Strengthened h) Marth 24 ty the appolntment of Cgthertne Wnter, rettred Head Teacher Jnd c8reer In educatlon, a8slstSn9 th? Chartty In Oeveloplng the eduL¥tiond ot4erthes and strengthenlftg 00￿mOn￿. THE JOHN STRU￿ CONSERVATION FOUNDATION TRUSTEES. REPOltr (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 the managernent of Ms 18nd$ 8nd kN¢stsnent assets. admth15traOon d the d￿11￿8 affaits is undertaken by CWre Noble IARICS FMV of He**tson & JOItt￿on Llmtted. Rural Land Agents of Cumbrla. The charitvs investment p￿01￿ ts ffAnaged Beaumonl of Mindfvl Flnan(i81 Planning Ltd appointed as th& ¥¢¢ountants orn Xthathn. Chadty IncoipN•¢es a nTrXlemlS￿ of GovemarKe and FInanC￿ Managen*nt to * wtth th• Chathy CommSsston and RICS requlrenwts. A r*vaT slnKlure was agreed aThJ implewted to two sub grou￿. 'Govemance and An8n¢e' 8nd 'C(￿Se￿a￿ and Eduth. thing be￿ Ihe ma￿ Trustee Bogrd. To ensure the Chwlty Commlsskn and other rnle¥8nt Regu￿ tK*1*s. ImprovemenL Catherfne Vkn. Tethd Head Teacher. yjkned the Board kn Uarch 24 to support the in tem ofo¥eratl Governan￿ and PUTsuhg tts Educal*Jn Lty1p￿. Haybrfdge. Dave Sw¥W ￿ In￿1¢• for the knd at Hath and Vlntm. fthd Chrfstlne Berry as Tre8surer. ifyfjth the Irmthent rel1rery￿t of Hay Brithje Re8•Ne rnony. Kth Lox•n. taok p*• ragwdlng • firtUTe slnKaure aThJ ReseNe M￿ager rol8 for JSCF to be Impthw￿ In 2￿5. Easby Intr* Xelnadlnl w Inthded to our tharKaal and n¥ke rettAN￿d91Ion$ for Indudion 8nd twiing oftrust88S A Trnlnkng Pl8n for 24r25 be c¢)nshlernd in wufic rn5 Tnmtw Slaff and llo￿nIe¢￿ p￿$ ensuthg Th& Iwstees Chrfsltne Bwry and Simon are destyw as the Trustees to'overnee, tho Managwnent Agenls In ralallon to the Pmpety ManagementAgreemenL They approved the Month￿ wopwty tronagementfees lotsnlng £32.840 In the ffinandal year 23r44 Pay¥￿ to and Johnson Ltd. a professk)nal finn vthereby Ed Hewetson is a dtrector and Share￿Ider. A fwther £21.016 pay4l>le to Hewetson aThl Jolw￿￿ for Sped Audltor THE JOHN STRUTh CONSERVATION FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 D18cIoBur• of Intorni￿On to audllor Eath of th8 trustoes hos conflmwd that there lo no Infofftmtlon of vthl¢h they are awore vthlth bB reknvant to the audlt. bul of whlch the audmor ￿ unaware. They have further confiThed ih8t they have taken Ipproprfate sleps lo Id8ntlfy wch ral8vant Inlomiauon and to 88t8bllsh that the audllor Is aware of such Inform8tJon. Tho IN8lee$' ￿pOrtW•S •pproved by tho Bofjrd ofTw8te•i. QLL HQ IArs C Bory Thi•t#• 29 Nmmber 2024 THE JOHN STRurr CONSERVATION FOUNDATION STATEMEMf OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 31 AIARCH 2024 lthv, are Te¥ponsible for prewing the Tru¥tees' Report and ¥tatemwts kn 8wdgnce with appN(able 18w and KINJdomAuounllNJ St•￿s (Unw lfjr¥dcffi Genwatyfv¢caPtsdkn￿unUn9 Pracltc*). Compwy L8w wulrn$ the twstees to prepore thandal Slateme￿ lor financw yearw*￿th give a twe and falr ew of the state of affaws of ￿ thwity and d the incoming resourc*s and app￿at￿￿ of resourts8, knraudlng the In weparfThJ these slalenwts. the InMlees are requ￿￿ lo: V&ill o)nlinue in opwati¢xi. any thne the IIna￿la1 posttton ofthe and enable them to ensure tho1 the Iln¥KW stateff*nts CA)mpty *ith the Companies Ad 20(6. They are also res• tr SafegUardW￿ the assets of Ihe <*a1￿Y and hence for taktng THE JOHN STRUTT CONSERVATION FOUNDATION INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF THE JOHN STRUTT CONSERVATION FOUNDATION Oplnlon We have audlted the finandal 8tatements of The John Struit Con80r4ation Foundgllon (the 'chaWI lor the year ended 31 Marth 2024 vthich comwi8tr the 8talernent of llnandal ￿V[￿e$. thé balance sheet and notes to the finanual statements, induding 81gnificanl accounling polldes. The ffinandal ropthng framework that has bean applled In thelr preparallon L8 8ppllcabl& law and Unlted Kthgdom Ac¢ounllng Standards. indudlng Ftn8nthl Reporllng Standard 102 The Fln8nclg1 Reportlng St4ndard oppbcoble in thg UK and Republic of Ireland Iunmgd Iongdom G•neTaltyAtt8ptad AcLountthg Praclteel. In our opknisjn, the Itnanc4al Slatemen￿. gfvo 3 true ond tsbr vlew of the $1ole of the ¢harflable o)ryiatys affalrs as at 31 fvqarch 2024 and Of Its Incomlng resources gnd 8pplt¢atbn of rewurces. Indudlng Ils tn¢¢)me and expenditure. for the year then ended.. have bÈ¢n prtsperfy prepared In accordancè vAlh Unhed Klngdom Generalty Accepted h£¢ounllng Pradk•'. and have been weparad In a￿01d0n¢a wlth the requlrement8 of the ComponlesA¢t 2006. Ba818 lor oplrAon Wt ￿ndu¢t¢d our audll In aC￿rdan￿ wlth IntematkJn818tand8rd$ on Aud411ng IUK) IISAS IUIQ} arbd appllcable 18w. Our regponslblllueg under those $18ndards are fijrther da$crlb8d In th• Audltofs Msponsibil￿eS lor th& autht of the fttMnci81 statern￿ts Bedon of our report. ara Independent of the charty in accordan¢& *lth tho ethlcal requlrements that are relevant lo (¥Jr audll of the finanrAal Statements In the UK. Induding the FRC'S Ethlcal standard. and we have fU￿110d our other ethlcal resptsn$lbllilie8 in accordance wilh these requlremants. We be118VO thatthe 8ud6t o¥ldence wa havo obtatned Is 8uffldent and apprtsprfala to provlde 4 ba8ls for our oplnkn. Con¢lu81on8 r•lallng to golng con¢ern In audltlng the flnanclal 8tatsments. we havè eoncluded that the truslees, use of the golng tontem ba81$ of acCoun￿n9 In th8 preparatlon of the finandal 81atements Is approprfate. Basod on Ih• wwk ￿ havg pwyrnd. we ha¥e nol Idontified any uncertalnll&s relaung lo 8v8nl$ or condluons that. SndlvlduaNy or colledvety. nw ￿$t ￿gnIficant doubl on tho ¢harWs abirity to conlnue as a golng eoncem for a perfod of at least twefve months frorn vthen the ffinandal statements are authorised for issue. Our re8pon8lbJlllles and the re$pon81bllttle8 of Ihe Irusteè8 respeL* to golng C4￿ceM are de8t71bed In th& rdevanl 8edon8 ofthl$ repo Oth•r Infomiatlon The other tnfomialton comprfw the Infomiatlon Induded In the annu81 report other than the tlnandal statement8 and our a￿litOrS r8port th8r8on. Tho Irusteos are responslble for th8 other Infom)gllon contatned wlthin the annu report Our oplnlon on the flnandal statements doe8 not cover the other infomiation and, except to Iho èxtent otheTh￿se explldty stated In ￿Jr reporl, we do not express any fonn of assuranr£ condusion Ihereon. thjr sponsSb115ty Ls to r•8d thè othar Infomiatton and. In dolng 80. consider whelh8r the other infomwlltsn la m8lfjrfdlv InconsbstentYAlh the ffinandal statemenls or our knO￿edge obtalned In th& ¢ourse of the audSL orotheNise appears to be matsi81ty Thrisstaled. If we idenlKy wch materfal inrAin$lslende$ or apparent rnalerfal misstatements. we are requlrtd to dttemilne tlbs gNes rise to a rnaterial rrnsstatement kn the finand81 statements them5etve8. If. b4¢d on the wtyk we hav8 perlomod, wo ¢ondude that there is a maknial misstatement of thls other Infomialon. we are requlred lo report that facL hav• nothkng to report In thls regard. Oplnlon8 on other m•ttern pMscrfb?d by tho Companle8 Act 2006 In our ¢)pbnlon. based on ￿ WO￿ undertak8n In the cours& of our athllt Ihe irrfomialon glven In the trustsès, rèport for thè fjnanrial year fDf T*thich the finan(y¥l 3tatsm•nt8 are PTepared, vthlth Indude8 the illrectors, report prepared forth8 purpo893 of ￿n￿OnY law. 1$ ¢on$Wnl vlth the nandal slAloments'. and the dtredor3' report In(4uded wmhln the tNBtee8' report has been prepared kn a¢cordan¢e vAth app￿cOb￿ legol requlrfjmgnts. THE JOHN STRurr CONSERVATION FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE JOHN STRurr CONSERVATION FOUNDATION Matters on whlch we are requlrfjd lo report by exceptlon In the light of the knowledge and understanding of the charity and its environment obtalned In the cour88 of the audil, we have not klenllfièd material misstatements in the dlr•¢tors' report Included within the Iruste¢$' report. 14Ve have nothlng lo report in respect of the lollowng matters in rel8lton to %thlch the Companle$ Act 2006 requre8 us to report lo youll. In our opinion: adequate accounting records have not been kept. or relums adequate for our aLKlit have not been recelved from branches not visited by us.. or the flnanclal statements are not in agreement wlth the accounting records and retum8', 1 rtaln dlsclosure8 of tTuslees' remuneration specified by law are not made; or we have rKJt recelved all infomallon and explanthns we require for our audlt,. or Ihe trustees were not entitled lo prepare the financial slalements In accordance with tho small ¢ompanle8 raglme and tske advantage of the small companle8' e¥emplionB in prèparfng th& Iruslees, reF4Jrt and from the rwuir•n8nl lo prepare 8 Strategic report. RMponslbllltleJ ot tru•t••• AS explainod more fully In the slalemenl of Iruslaes, respon8ibllllie8, Ihg Iru5tees, who arg al¥0 the dlrector8 of the tharbty for tha purpose of company law, are re8pon8lble for the prepaT8llon of th• finan¢lal statement8 and for b8ing 8ali8fiod that they glve a true and falr vlew, and for such Internal control as the trust8•9 dol•milne18 neca888ry to enable the preparation ol flnanclAI statements that are free from malerlal m188tal8m8nt. wholheT due to fraud or error. In proparlng the financlal $la18ments. the InJ8leg8 are re8pon8ible lor 88se881ng Ihg charity'8 ability to contlnue a8 a going conc•m. d18clo￿ng. as appllcable. matters related to golng conc8m and uslng the golng concem bajls of accounllng unles5 th• tru81808 eilh•r Intend to Ilquldal• Ihg charttable company or to C￿ operallon8. u have no reallBtlc alternailve bul lo do 80. Audltorf• re•ponslbllttles for the audtt ol th• flnanclal statements Our otyectlve8 are lo obtain rea80nable a88urance about whether the financlal statem•nl8 as a wlwte Jr8 freo from maledal ml88talemenl, vthelhw due lo fraud or error. and lo 188ue an auditorfs report that In¢ludes our oplnlon. Reasonable assurance 18 a hlgh level of 888urance bul 16 not a guarantee that an audit ¢onduCt￿ In 8¢￿danCe with ISA8 (UK) w511 always detect a malerfal ml88talement when it eX1818. Migstatemenls can from fraud or error and are consSdered materfal ff, IndSvidually or In the aggreg8te. they could reasonably bg expected to influoncè the 8¢onomic deci8ion8 of u8er8 taken on the ba858 of Ihg8e fina￿la1 8latemenl8. The extent to wffilch Our Pfocadure8 arn capable of dttectlng irre9ulartti88. Includlng fraud,18 detailed b81ow. Our approach lo Idenllfylng and assesslng the risks of material misstatoment in re8P¢Ct of Irreguladlle$, Ind￿jIng ud and non4omplian¢e wilh laws and rogulalions, was a$ foll¢￿$.. the engagement prlndpal ensured that the engagement team eollectively had the 8pproprfate ¢ompelen¢e. cspabllllle8 and skllls lo Identify or r8cognis8 non.compliance %wth applicable laws and rfjgulation$,' we idonb'fied tho laws and regulations applioble lo Ihe company through dlsoJsslon8 wllh dlrectors and other management, and from our commercial kn(>vledge and experfen¢e ofthe ¢h8dtable 8eclor. we focused on speryfic laws and regulaiions which we considered may have a direct material effect on the financial stslemenls or the operations of the company, Includlng the Companies Act 2006. taxatlon leglslatlon ar)d dats prole¢tion. •nli-bribery. employment, environmental and he811h and Safety1￿318110n. we 888e8sed the èxtent of wmplianGe the1ow¥ and regulallons Sdentlfled atx>ve through maklng enqulrles of management and knspecttng leg81 correspondence.. and Identlfied laws and regulations were communicated wlihin the audit team regulady and tho team remained alert to irbslances of nonr Statutory Audltor) lor and on behalf of Xelnadln Audit Limlted Chart•r•d Accountants ststutory Audltor Oak House Market Place Bedale North Yorkshirè DL8 1AQ THE JOHN STRUTh CONSERVATION FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unro8lrlcl•d R•$trlcted lund$ fund8 2024 Totsl Unrn•trleted R￿trIcted fun( fund8 2023 2023 2023 In¢om• and from: Donalion8 and legatyes Charflable acUvttSe8 Invaslments Olher income 142 69.070 138.681 159,543 142 87.085 138.681 159,543 425 55,232 131.643 1,017 34.795 78,357 35,220 133,589 131.643 1.017 18,015 Total Incom• 367.438 18.015 385.451 188,317 113.152 301.469 Expondl￿r# on: Ral$lng funds Chorflabl& act￿ltIeS 65.228 131.525 65.228 147.786 83,047 13e,684 83.047 210,642 16,281 73,958 Totsl •xp•ndllur* 196,753 16.261 213,014 219,731 73.9S8 293.869 Net galnsl(108sesl on investments 11 90.378 90.378 15,$44 15AM Il•t In¢ 281,061 1.754 262,815 (15.8701 39,194 23.324 Translern between funds {3,8681 3,888 3.49S 13,49S) N•t mov•m•nt In fundt 257.393 5.422 282.815 (12.375) 35,699 23,324 Recon¢lll#tlon of lunds: Fund balances at 1 Aprll 2023 6292.342 39,963 5.332.305 5,304,717 4,284 5,308,981 Fund bal￿¢&# at 31 Paarth 2024 S.S49,735 45,385 5.595,120 5,292.342 39.963 5,332.305 The statement of Ilnandal acllth In¢￿deS all g￿n* and1081￿ recognI￿d kn the year. AJI Income and expendtture darfvo from ¢￿￿nUtng *cUvlll•$. The stslemenl of financ4al advltie8 9100 complle$ wlth the rnqutrements for an Income and expendtture account under the Compa￿e$ACt 2006. 10- THE JOHN STRUTT CONSERVATION FOUNDATION BALANCE SHEEr ASAT31 MARCH 2024 Flxed a￿0￿ Entlttem8nts Tangjblè ass8ts Investment Inveskn 13 14 1.737.449 2,89).000 902.337 1.783,121 2.890.000 796,895 4531,386 6.474.516 Debto Cash al haNI 17 $8,325 74.317 89.321 138.765 132.642 Credllorn: kni¢xints tsllnq du• *llhlh one year 19 {61,006) (40,321) 71.759 92.321 S￿￿,145 5.566.837 Credllors: amounts lalung ¢lu¢ aftw morn than one year (14.025) (234.532) 5,595,120 S.332.305 Th• fitnds of th¢ ¢h•Ylty Restricted Inwne fund5 Unrestri¢thl fuThls 39.963 5292.342 5.$49.735 5.595.120 5.332.30S MrdCB MrJSRElhXt Company regI￿atIon nunthf07444213 11 THE JOHN STRUTh CONSERVATION FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢oundnq p¢ll¢l•• Charfty Infomi•tlon ond The regl8ternd 18 The Estate Oftk4. LN Phyjghknds. Utho Muwrnve. Klth Stephen, Cumbrl•. CA17 4PQ. 1.1 Ac¢ounllng conventlon Th• ￿￿UnIS h8¥e been ￿p￿ed In acc0th￿ *llh th• ¢hwW• m•mcrndum artldei ol a•*)d•tknn, tha Comp8n&o5 2006 and 'p¢￿unItn9 w)d Reporung by Charfoes.. St•tom￿l of ReC￿Mmended Practk oppll¢abh lo tharlt6e8 thdr ￿OUnts th ￿lIdancI wlh tho Rfjportlng Standard applICab￿ In th• UK ond Republlc of IreloTh1 IFRS 1f21' (•8 occounlng P8rlods cnrnfflendng 1 janu￿ 20191. Th• (*•rfty18 • Pth B•nofft Entty ￿ d•frnd ty FRS 1tr2. Th• ¢h•dty hai laken •d¥•nl•go oltr• In th• SORP fi￿d￿r￿$ 4pthig FRS 102 Upthto B￿etIn 1 notlo prepare 8 Sl•teftwnt of C•sh Flty¥s. Thè flnindd 8tattmént8 art prepared kn 4terflNJ, th8 of th• tha￿. Mr￿•t•ry •mtyJnts In Ih•M fjnfinclal ￿tern￿ •ro r(￿d•d to the nearest L propgrlle¥ and fixed al￿¢ In¥•1b)w￿ at falr ￿1•. The wlThSpal acry)￿1￿9 polldfrfy •doptod 4r• ••t out 1.2 13olng ¢oD¢•m At the Vrna of approvknp thè thindal Iiatern￿. thè tru•t•¢8 h•v• • I••w￿ble oxpodthl¢)n that the chartty hu adequate Msources to ¢onYnue kn r4Wall￿￿l exillen￿ for the forn888at46 futura. Thus thè Iru•te•i ¢onllnue to adoptth• gothg C(rtfm bo•l• 01•¢c￿th In Iho sl•tsments. 1.3 Chwltsbl• ft•nd• Unre8tsl¢a•d fund• ir• ft* •1 th• the tru*￿1 In furfhwwK• ol thelr chwtt•bl• R•thd•d fjjnth •r• to •p•dlk c¢tthi by donm or gr•￿ ￿ to thty nwy bo umd. Thè and ums olth• funth arn Set OLrt kn Ihe nol•8 10 the firwd•l •tstements. 1A Incom• Incom• l• r•¢ognlud th• ¢h•rlty h legally onlillod b) tt atsr •rry perfomwicè ￿￿hlon8 havo b••n m•( the amounts ¢w be mo•sur•d •nd11 h probth that kn¢¢#n6 bo r•¢er*J. C•gh don•llon$ w• ra¢>)onl8ed on recdpL Other 6￿811￿8 are recogn5sed once the i*arlty has been nolfied of th• donalon. unl9$$ pwfonwce C*>￿I￿OnI requh daf•nl of tha #M￿hL Income tax récov4rnb￿ In Tdalon to dOn￿On8 roedved undor Gh1*Jd or d•ad8 of co¥•nwrt h r8c¥)w)IMd at th• fjm• of thts d¢￿41th. Incomtr from tharllatAe a¢th Inclth IrK(ffie nel of VAT 4nd go¥wnment sub8lole$ 4nd 18 rt¢ogniBed receivable ty the charty Rental tnrlyrni re￿14•d In advAnce at ts balanca fjho&118 dofoTred Into th& fr)Uowbig pthl. the d*rfty. -12- THE JOHN STRUTT CONSERVATION FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ounllng pollcleB {Contlnu•d) IA expgndlturo Resources expended are in￿ded in th• Statemant of Fknon¢l81 A¢dvttl•s on an accrua15 basK Indusha of any VAT which cannot be r8¢1)ver8d. Expmditure vthk* h dtre¢ty attrfbutable to spedfic actbAUes has been Induded in these c08t rAtegorl&& Expondtturn on ralslng ￿ndS r8pres8nts thos• costs asso(x8tsd wilh generallng the Invèslment Incom&. Charftsble expenthlure Com￿se$ Iho¥e co¥ts Incurred by the r• in the delNery of It8 a¢U¥ltt•8 8nd 8enrtce8 for tts benellLywle8. 1.6 Intsnglbl• flxad a••ets- •￿dtI￿•nts Entiuemgnts are initiolty A￿Sn1¥9￿ 8$ an 8s8et at ¢081 8nd 8r$ $ub8èquently M￿sur0d at cost less ?wJmul•led amths•tion and 8¢¢umulatgd impalmienl I￿e$. Entiuements are consldered to have a useful Ofe of4 year8 and are amoTtiBed on that basts. 1.7 Tanglble flxod Tangttjk flxed asset5 are InlUa(ly mea8ured al v)8t and 8ub$equenty meastsred at net of depredalon and any impwrment1088e¥. AJI assets ore ¢9pllallsed. Depredallon Is provlded al rotes calculatsd to wrlte off the c4JSt less eslimated residual value of each asset over its expected useful life, as follows: Freehold tsnd and bulldtngs Planl and equlpment Motor vehldeB 15% reducing balance 25% reducing balance Th& galn or10s8 arf8lng on the dI8￿$al of an a888t Is dotsmilned a8 the difference between the sala woc4ed$ and Ihe ¢arykng value olthe assat. and Is reojgnlsed In the Statement of llnandal a¢ltrlile& Thè trustaes have consld8r8d the nature gnd us• of tho Found￿0￿.9 land and buildlng8. The Iwsle88 have ghvays malntaln8d th8 assets At a hlgh standard lor the edu¢gUon and enjoyment of vlsltorn 8nd womotton of the FoundaUon's alms. In respect of Ihe assets whlch represent 18nd and other buildings used for the Foundation'3 educational and (y)nser¥atlonal alrns they con51der that depredauon would be Inappropriate due to ts prosp8dve long Imo ofthe8e 888ets. 1.8 Inv¢stment property Investment propety. whtch Is prop8ty héld to eam rantsk anwor for eapital apprèdalon. is Inibalty recognlsed at cost. whlch Includes the pur¢hose ￿$t and any dlrody addbulablo expendllurn. Subseq￿ntty it is measured at fair value at the reporung end date. The surplus or deflcrt revaluatk)n Is recAJgnlsed In profftor10sS. 1.9 Flx•d ¥￿0¢ Invostrnent• Flxed a88et Inve8trnent8 are hltlalty measured at transadon prle8 exdudtng tr￿saCtIon costs, and ar8 sub$equently me¥sured 8t fair y￿u8 at each reporting date. Changes In falr value are recognlsed In net fncomel(expenditurel for the ￿r. Trfjn$gthn Costs are •xpon$od a3 1.10 IMPAS￿ent of flxed a88ets At each reportlng end date. the charty revlaws the ¢anyng amounts of Its tarMJlble and Intanglble assets to determine whether there Is any Indlcauon Ih•t those assets have suffered an impalvmenl loss. If any such Indlcallon exlsts, the recoverable amount of the asset Is •81knot•d kn (￿dtrr to detsmilne ethnt ol the 1mp8lrmont1088 Ilf any). 13- THE JOHN STRUTh CONSERVATION FOUNDATION NOTES TO THE FINANCIAL STAT&MENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 (Conknu•d) 1.11 Ca8h and ￿$h equlvalents Cash and cash equlvalents IrKlhle cash In trAnd. deposh5 held at (al *ilh banks. and other I*u 1.12 Flnandal In•tru 'Other Finan(aal Irtslninwlts Issues. of FRS 10210 911 of ts fwwitsal inslnw￿. there Is a legatly ri￿t to 8* off the wnlsed Ind there is •n Inlth to 8•tt1a on a net Bas￿ financaal assats. detrkn ¢88h and balgnce8. ar• reosured at transacllon w5¢e Indudmw transackn c*)sts •Yl ￿ subsequwty Car￿d at anM)thod o)61 the •ffecth8 Basic ffinandat lwbll1￿$, cx•dAors are Inw reo)wknd rt tran8•cl** O8bllltl8G 1.13 Empl¢)y•o benefft• recebVOd. 1.14 RrflYwn•nt ben Crlllcal acc￿n9 •￿m4￿1 and fvd¥¢m¢nts In th& applKatton of the thwiils 8co)unUng polldes. th8 are rn4uff¢d to mak• Judg•menls, •sUmal•$ and 8$8urnplion8 about the amnt of ass* and l￿bIllIes that not re8dty apporent from oth•r $¢)ur¢e8. The estiffkqtss and as￿rIated assumpttons are b8sed on hlsknical expwknce and otherlartors that Tha estlm8te8 and undertyrfThJ assum￿$ are on ongothg ba￿$. Revldons to acuuntthg esthnatss #re recognh8ed in Ihe pefKAI In the esknale Is r￿58￿ t*here Ihe revthi affeds onty that pwiods. The tsjr value of the Inbw1m￿ Wo￿tieS has ljeen ￿lIVed at w the basis of a valuation owried out as al 31 March 2021 ty a Trustee an expe￿￿￿ FRICS qualfied and in 2021 had r*livety recenty been involved ￿ mgrt•t Adii*tiiwts. adjusted caphal triwro￿ ¢grried out slbKe 2021. The 2021 14- THE JOHN STRUTh CONSERVATION FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incomè from donallom and kqacl•• Totsl lund• fvnd• fund• 2023 nds 2023 2024 2023 Donatlon8 and g 142 142 426 34,795 35.220 R•8trkled don•kn$ In th• pilty y•w iewelents funds r•celved the doBur• olTh• Haybrldg• Natu R•8•pM Sod•ty chorfty In S•pt•mber 2022. Th• So*1 •cthltle8 h*v• tkn on Ind arn fffjanc•d thmsjgh th• fund8 don•t•d and Mgothg morn￿1p I￿8. 202) 33,118 20,137 15.832 18,000 Go¥omTrNJnl iub8ldtg• •nd other Pwbm•ne• Tdated gimts E•swnent I￿8 17,709 77.878 87,086 133,689 An•ty•kn ty fund Unrethded fun 89.070 18,015 56.232 78,357 87,085 133,$89 fund• 2024 fund• 2023 121.853 18.474 119,140 12,465 Incoma from Ilsw hi¥•8bw 138.881 131,843 -15- THE JOHN STRUTh CONSERVATION FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Othw In¢¢)m• Unr¢strlcted Unre•trlctsd fund• nds 2024 2023 N81gatn on dsposal oftswfjxad assets 159,543 1.017 Exp•ndlturn w rnlslng fund• funds 2024 nd• 2023 Tradlng cost• In¥eslffont property wnnkng 49,715 13,939 41.804 39,656 81. 1,574 1,587 Totsl ¢ost8 65.228 83,047 2023 Dlrect colts Staff c¥Jsts 26,150 9.315 35,109 8.406 26.150 9.877 101.080 13.122 51.234 9.179 SU￿1 costs lffec•¥wth VAT 147.798 210.642 Analy818 by fwMI 131.525 16261 136.684 73,958 R￿ided funds 147.786 210.642 16- THE JOHN STRUTh CONSERVATION FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (COPrnNUED) FOR THE YEAR ENDED 31 AIARCH 2024 (Contlnuedl Support coBt8 indudes amnts payth to the ￿l￿110￿ of £7250 (2023 . £6.82SI for the audlt aThJ pryautyi oflhe 8nnu81 •x￿jnts ond £6.31612023-£3.412) tr (ther #¢>>)unl8nq sertes. AJX) Irthded tn gUPWt IB £14220 krteTeGt payth <2023. £10X6) kn relalion to a loan re￿ the year and a bounce ba￿ taken out in 2021. None ofthe trv8tee8 lor Ory Per￿ ¢or&*ded *A4th thpjnl ffe¢e￿ ary renwner8UM dLKlThJ the year. Tra¥d synses. sub>slen¢e and t)thw expanditw4 on beh¥W of th¢ f￿ndItI￿ totslling £956 12023 - £371) has 10 Emptoyw• 2024 Numb•r 2023 Number Employm•nt ¢o•ts Vhg•$ Ond 80knrf08 24.150 24.150 26,150 28.150 funds 2024 lund• 2023 Gakn81OOs￿l arwing ￿. 90.378 (71,037) 86.581 90.378 15.544 12 T4xallon The tharfty Is ex￿￿troM tsx c41 IrKom& gal￿ fallthg T*ilhNI $05 oftho Taxes 1988 or sactlon 252 ofthe Taxationof Chwgeable 1992 to th• extertth•ttt** Im 4ppled to It8 (*bafftth c*&s. -17- THE JOHN STRU￿ CONSERVATION FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 13 Intsnglbltr I1x￿ aMet• Al 1 Aprl 2023 6.000 (2,800) At 31 Marth 2024 3.21M) At 1 ￿ri12023 Dlgpos•ls (7001 At 31 PAaT¢h 2024 i.eoo Carrylng amount At 31 March 2024 At 31 March 2023 4.500 14 T•ngllJle Ilxed a••ets Co At1W2023 Addllons Disposals 1.749.448 57.149 1.418 20.525 1.827.122 1,416 140.6731 (40,673) At 31 Marth 2024 1.708.775 20.525 1.787.865 Depreclatlon and Imp•bm•nt At 1 Awil 2023 8.907 44.001 8,415 At 31 Marth 2 38.$37 11,879 50.418 C•rrylng amou At 31 M8r¢h 21Y24 1.708.775 20.028 8.846 1.737.449 At 31 M•r(* 2023 1.749.448 22.145 11.528 1.783.121 THE JOHN STRUTh CONSERVATION FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 16 Inve8lment property 2024 F•lrvAIu• Al l Awll 2023 and 31 March 2024 2.890,000 Investment woportles 8ro measured at f8lr value. th8nges kn fatr Val￿ belrvJ recognlsed in net In￿rne1 lexpandmurel. Tha f8lr value of the Inv•8tm8nt PTOPertl88 has be8n 8rrlvad at on the basis of a voluallon cathod out as at 31 Marth 2021 by a Trust8e vtho is an 8xp&rienc8d FRICS qualified sur¥eyor and In 2021 had relatfvely recenNy been Involved market adjustrnentB. adjusted for ￿pffta1 improvements ¢•nYod out sinc0 2021. The 2021 vJluation was made by refoyènee to martet evidence of trans8don pvkAs for svnilar propwJe8 for re$ldenVal prowues. and apP￿thq approprfate market Y￿Id8 to current net rentsl Income for commerdal prop¢ty unlts. 16 Flx•d asset Inv•slffl•nt8 Ll•tsd In￿*1ment Inve¥thients Total Cost or v¥lu#llon At 1 Awll 2023 Addluons Valuatton ¢hange8 781.914 2,427 90,378 14.981 12,637 796.895 15.084 90.378 At 31 M8rch 2024 874,719 27.618 902.337 Canylng amount At 31 March 21Y24 874,719 27.618 902.337 At 31 March 2023 781,914 14.981 796.895 All tnveslments are cgrrfed al thelr falrvjlue. Investh*nts In equltJe8, tnlerest and other s￿￿11￿$ all traded In quoted pubbc rna￿ forvthtch martet prices aro r¢adlk¥ ov¥llable. 17 D•btt)r4 2024 2023 AM0￿￿6 falllng du• wItt￿n one Y￿r. Othwd•btors Prepayments and acuued ine4m• 16.779 22,865 8.472 49.853 58,325 19- THE JOHN STRUTT CONSERVATION FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 l• Loan8 and ovgrdrnfts 2024 2023 Bank loans 22,040 242,547 Payeble withln ono year Paythle afterone year 8,01S 14.025 8,015 234,532 ffl0￿ induded alxNe whlch fau due afterfflve yeaT8: Payabh otherthan by In8t8lments 212,490 19 Crndltorn: amounts falllng du• *4thln one year 2024 2023 Bank loans Othertaxallon #nd sodal secudty Tr8de crediti>rn otherc￿d￿O Accrnah And deferred tncome 8,015 8.015 27.315 5,489 20.187 8.051 5.489 17.245 61.006 40.321 20 Cr•dltorn: omounl• f•lllng du• 8ft4rmor• th•n on• y￿r 2024 2023 Bank ￿n$ 14.025 234.532 -20- THE JOHN STRUTT CONSERVATION FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Re•tActad lund• Tha Income funds ol tha tharfty Indude r¥8trf¢led fvndi coMprf￿￿J the folltr•Ang unexpended balan￿ ol donauons and grAnl$ held on tsu$l for 8pedfic Pu￿08￿1. At 1 Aprfl 23 Incomlng R•8OUV¢ ro•oUr￿• oxpffided Tr4n•f•rn Al 31 Mareh 2024 Notur•l Engl&nd- H￿h41 StewArd8hlp S¢h•m8 Peakn8 Pond Hayb￿dg0 Hfjybrfdge Nalure R￿er A￿0Y Lake8 Fleld & Opon Accam Prolect H•ybrfdg• BEATA H•bR•t A$fjes8menl MIND probe CuMb￿a Wldillg Gr••1 Crut•d NevAI 1.212 2,847 {174} 1,038 2.847 29,527 2,183 {1,700) 1,408 13,888) 3,668 .464 {5,464} 1,$00 18,000 {8,9331 9,087 39,883 18,016 118,2811 45.386 Pl•￿0u* y••r. At 1 Aprfl 2022 Incomlnq R￿Oul¢ r••ourc•• •xp•nd•d Tr4n•f•v• At 31 M•r¢h 2023 Nalurol England- Hlgh•r L•v•l ste￿rdshIP S¢hemo Peakeo Pond H*ybrtdg• H*￿)rtdgO Naturn Ra8• Harlley Lak•• Fleld & Open A¢¢o88 Prol•¢t Haytrldge BEATAH•bM•t A88es8mtnt 1,417 2,847 2081 1212 2,847 29.044 35,474 (6.4301 72,224 187.3231 13,4951 1.408 5,464 5,454 4.264 113,162 173.9681 13,495) 39.963 21 THE JOHN STRurr CONSERVATION FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Re•trICt￿ fund• (conth￿d) The Natural England Hlgher Level Steward3hlp Sthemo fund relatsg to the H8ybrfdg• Moss and Hulleter Mo88 prnlèd. The r•malnlng balance ￿thIn th18 lund repr•8ent8 the net book value of c8pll•l 8fjsets that we acqulred and cre•tsd a$ • result ofthe w0￿CL Th• Peak￿ Pond fund rekn8 to a legaty that wa818ft for the b&nofft of Hayb￿d9¢. Th• H•ybrldg• NAlur8 R•AaM fund comprf8•s mont•8 re￿1V￿d lollowtng th• do•ur• of The Haybrfdge N•turo R810￿6 So¢lgty togotherv•llh $ub8oquenl memb8r8htp tsef V•tdch aro to b• Spont on CAin80N&ll¢>n of the Haybrfdge Natvre Re&erve and for the benefft olthe member8. Th• Hartl•y Loknl Flèld & Opon Acee81 Projgd conwrf•¢• grwnl Incom• r•cdvfjd from thè North PennlMI AONB Partmrlhlp for fAm￿n9 th protscted landscaptt. Th8 HAybrfdgg BEATA HabltstA8iesafflent fund Indudefy In￿￿& rec•lvgble from Counlry•ld• SIwTdthlp for tha purpo8e olcondudng a fè#￿bIlty 8tudy. Th18 w81 lulty expandad At th8 yaar and. AdonAlon recolv•d from Tho R￿don- Smlth TnJ•t to h ipenl on th• MINO p￿￿¢1 at H￿b￿d98. A grnnt wa• recelvad from Cumbrfa IhlldlSfe Trust lo ¢rul• and Improw h•b6ts1 fw 13f••l Cro•l•d In CumbAè, th18 project was ongojng al the year end. 22 Analy•l• ol n•t •M•t• b•lw••n fund• Unv••trtct•d Rutrtct•d lund• lund• ID24 2024 Tothl 2024 At 31 Ma￿fv 2024: Inlanglbh fix8d g81•11 Tanglble M8•ts InvoBtrnenl Prope￿•• Inv•slmenli Currenl •s•etsllllebl1ltl￿) Long l•rrn fioblllvei 1,600 1.738.461 2,890,000 902,337 33,382 114,0251 1,eCK* 1.737.449 2.890,000 002.337 77,759 {14.0251 988 44,397 5,549.735 46.385 6.696.120 THE JOHN STRUTh CONSERVATION FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 22 An•ty$l• of n•1 088•ts botwoon fun (Contlnuedl Unr•8trletsd R••trlet•d fund$ fund• 2023 2023 Total 2023 At 31 ￿r¢h 2023: Intanglble Assets Tanglble o8s¢ts Inveslment properttes In¥eknnl8 Cuffent as8eWlllabllSUe8) Long term knabilbtses 4.500 1,781,959 2.890.000 798.895 53,520 {234.532) 1,162 1.783.121 2,890,000 796,895 92,321 1234,5321 38,801 5.292.342 39.963 s.332,￿)5 23 Rdat•d p•rty tr•nuctlon• Durfng thg year the ¢h8rfty In￿j￿d management fees totslllng £53,846 {2￿23 - £34,000> payable to Hewelson & Johnson Umlted, a professlonal Ilmi In whld) Ed Howetson Is 8 dlrector and 8haroholder. The fees were tharged on a ¢omm8rdal ba818 for land agent and wopety mfinag￿ 8QV4kes proNld•d. 23-