STINCHCOMBE HILL TRUST IA company Umlted by guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Company reglstratlon number: 07573257 Registered charlty number: 1143279
STINCHCOMBE HILL TRUST REPORT AND FINANCIALSTATEMENTS FOR THEYEAR I.EIAR. CH 2Q25 CONTENTS Page Trustees. report Statement of financial activr(ies Balance sheet Notes to the financial ststements 9-13 Independent examiner's report 14
STINCHCOMBE HILL TRUST Trustees Annual Report for the year ended 31st March 2025 The trustees are pleased to present their annual directors, report together with the financial statements of the charity for the year ending 31 March 2025 which are also prepared to meet the requirements for a directors. report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011. the Companies Act 2006, the Memorandum and Articles of Association. and Accounting 8nd Reporting by Charities.. Statement of Recommended Praciice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191- QuEPurposos andA.¢liviti Stinchcombe HillTrust's charitsble objects are to- O Maintain Stinchcombe-Hill in the interests of social welfare for recreation and exercise for the use of the inhabitants of Dursley. Cam, Stinchcombe and North Nibley in the County of Gloucester, taking note in so far as it is possible to do so, of the wishes of the original benefactor Sir St8nleyTubbs to provide for the mutual enjoyment or golfers, W81kers and horse riders. Protect and preserve for the benefit of the public the scheduled monument known as Drakestone Point and otherteatures on Stinchcombe Hill¥¥hich are of special historic 01 afchaeological interest. / Protect and preservefor the benefrt or the public the historic landscape features and habitat of Stinchcombe Hill with particular reference to registered Sites of Special Scientifie Interest ISSSII and its wildlife and vegetation. Increase understanding and enjoyment of the special qualtties of Stinchcombe Hill so as to encourage the conservation and enhancement of Stinchcombe Hili. Until recently, the actNities associated with these objectrves have been funded from both restricted and unrestricted revenue. namely a govefnment grant as restricted income and rentals as unrestricted income from the golf club. However, thanks to the Cotswold National Landscapes grants. the objectives have focused on biinging the SSSI into good condition through a number of larger grants. These grants are restricted income. This means that the Trust's accounts need to be presented in 8 new form8t to reflect these income streams. Ouring the ye8r. Stinchcombe Hill Trust Received grant income of £61.512 that funded conserv8tion mowing and the preparation ot a management plan for the common on Stinchcombe Hill. / Undertook conservation actwities totalling £60.328 (felling. mowing and preparation of management plan)- / Generaied £8.236 ineome from rent, imiestment income and donations. and / Expended £7,945 on a(Jministration. governance 8nd m8nagement.
STINCHCOMBE HILL TRUST TrusteesAnnual Report fortheyearended 31st March 2025 cont. The trustees acknowledge the Charity Comrnission's guidance, on public benefit as set out in the Charities Act 2011 and confirm thatthat all theTrust'$ activities further its charitable objects tor public benefit. EinanclaL Rovlew Total income for the year was £69.748 with expenditure totalling £68.273 leaving a surplus of income over expenditure for the year of £1.475. At the end of the yearthe charity had net assets of £46,353, of which £14.720 wefe held in COIF investments and the balance of £31,633 were net current assets. The funds of £46,353 were made up of restricted funds of £1,184 and general unrestricted funds of £45,169. Trustees note that the Trust is becoming more reliant on grant fundingto further its charitable objects. however. they note that the Trust cannot improve the condition of the SSSI on the Hill without introducing grazing, which will require investment in fencing and watef supplies. This is the subject of a grant application to Natural Eneland. Without this grant. existing ¥evenue streams can only maintain the condition of grassland on the hill. not improve it. The trust hotds limited fvnds wth the Charities Investment Fund. these are held for emergency purposes only. No monies have been drawn frorn this fund in this reporting peTlOd. The Trust does not have a reserves policy. although theie is one in draft form. However. should the Trust be successful in receiving the Natural England grant then a reserves policy will be adopted formally. The Trust holds £25,000 ill reserve, split between an investment fund and a deposit account. The Trust's free reserves at 31 March 2025 were £30.449. Free reserves are defined as its unrestricted general reserves held as net current assets. This figure is shown in note 11 to the accounts. Trustees have a reasonable expectation that tt has adequate resources to continue in operational existence for the foreseeable future. Accordingly. they continue to adopt the ongoing concèrn basis in preparing the Trust's annual report and accounts.
STINCHCOMBE HILL TRUST Trustees Annual Report fowthe yearended 31st March 2025 cont. Trustees intend to continue conservation projects in line with grant funding opportunities and maintain rental income in the short term and seek to increase it in the medium term. In particular, this means introducing cattle to graze the SSSI and seek granls from Natural England to support grassland management on both the SSSI and the areas of rough on the golf course. and renegot18ting the rent the Golf Club pays. BefteroDQ Name & Charity Number: Stinchcombe Hill Trust Registered Charity No= 1143279 CompanyNo: 07573257 Registered Office: Camp Farm Cottage Camp Farm Cottage The Camp Stroud GL6 7HL Trustees: Christopher Tubbs Ichairl Msccarter Mr D Clutterbuck DrWJ Hammill Mrs R Hargan M¥ H Llewellyn Mr P Pridmore Mr D R Purnell Ms M Shaw Mrc Wwiltshire Seeretsry Dr S Pritchard Bankers: Lloyds Bank PIC PO Box1000 BX1 1LT Soii¢ltors: wsp 3-7 Rowcroft Stroud GL6 7HL Independent Examiner: Mr M Pooley FCA Netis Tax MIted Castleme8d Lower Castle Street Bristol BS13AG
STINCHCOMBE HILL TRUST Trustees Annual Reportforlheyear ended 31st March 2025 cont. Structure. Governan¢¢ ond Management Stancombe Hill Trust is a charitable company limited by guarantee without sh8re c8Pital that is governed by Articles of Association that weie established in 2014. The company was incorporated on 22- March 2011 and commenced its activities on 1" April 2011. The company was registered as a charity on 8" August 2011. Irusteos There are two types of tTUStees: foundation and representatNe' the former reflects local interest and the latter are nominated by the local authorities around the hill. The directors of the company are foundation tTUStees forthe purposes of charity law. The charity employs no staff. but has a clerkwho performs administrative functions. Trustees hold their position until retirement. when nominations are requested for replacements. There is a maximum of ten trustees at a time. The trust holds 92 ha of land. of which 44.99 ha are rented to 8 third party Istinchcombe Hill Golf Clubl. The whole land holding is accounted for as a charitable fixed asset. The Land was donated to the trust in 1929 and was recognised at a nominal value due to the absenee of a reliable valuation. It is not considefed investment property. All the land is used for charitable purposes (recreation and conservation). and is held at zero value rather than fail value117.15c., FRS 1021. The charity trustees Iwho are also the directors of Stinchcombe HitiTrust for the purposes of company lawl are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law an¢J United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each 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 charity for that period. In preparing the financial statements, the trustees 8re required to: al select suitable accounting policies and ihen 8pplythem consistently: bl observe the methods 8nd principles in the Chaitties SORP- cl make judgements and estimates that are reasonable and prudent; dl state whether applicable UK accounting st8nd8rds have been followed, subject to any material departures disclosed and exptained in the financial statements. el prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.
SI I H I¥L TrUeeS Annual Report for the year ended 31st March 2025 cont. The trustees are responsible for keeping proper accounting records that disclose wtth reasonable accuracy at any time the financial position of the chartty and to enable them to ensurethatthe financial statements complywith the CompaniesAct2006. They are also responsible for safeguardin8 the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregutarities. The trustees are responsible forthe maintenance and integrty of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom govemlng the preparation and dissemination of financi81 statements may differ from legislation in other jurisdictions. In accordance with company law. as the charity's Trustees. Y certifythat: So far as we are aware. there is no relevant audit information of which the charity's Independent Examiner is unaware. and As theTrustees ofthe ch8ritywe havetaken all steps that oughtto have been taken in order to make ourselves aware of any relevant audtt information and to establish that the charity's Independent Examiner is aware of that information. signed on behalf of the Trustees: TllkASlr
Sf TWST STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED31 MARCH 2025 As restated Total Total Year Year 2025 2024 Unrestricted Restrlcted Funds Funds Note INCOME AND EXPENDITURE In¢omefrom: Donations and legacie$ Rental income Investment income Grants receivable 300 7.250 686 61.512 soo 6,01)0 421 7.250 686 61.512 9.471 TOTAL INCOME 8.236 61.512 69.748 16,392 TOTAL EXPENDITURE Charitable activities: Conservation and management of Stinchcombe Hill 7,945 60.328 68.273 14,628 Net Incomefortheyear 291 1.184 1,475 1.764 Other re¢ognl$ed galnslliosses) Gainslllossesl on rev8lu8tion of f ixed assets (680) {680} Net movement In funds for the year 1389} 1,184 795 1.764 Reconclllatlon of funds for the year Total funds brought fomard as previously reported Prior period adjustment 12 45.558 45.558 43.794 Total funds bought forward as restated 45.558 45,558 43.794 Total funds ¢arrled torward 45.169 1,184 46.353 45.558 The notes on pages 9 to 13 form part of these accounts.
TLUST BALANCE SHEEr ASAT 31 MARCH 2025 As r¢$tatod 2024 Company number: 07573257 2025 Notes FIXED ASSETS Tangible fixed assets Inv8Stments 14.720 15.400 14,720 15.400 CURRENT ASSErs Debtors Cash at bankand in hand 2.761 85.000 8.002 25,486 87.761 33.488 CREDITORS: Amount$ falling due wlthin one year 156.1281 13,3301 NETCURRENT ASSETS 31.633 30.158 TOTAL ASSETS LESS CURREKf UABILITIES 46,353 45.558 THE FUNDS OF THE CHARITY: Restricted funds Unrestricted funds 1.184 45.169 10 45.558 TOTAL CHARITY FUNDS 46.353 45.558 The Trustees are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 Ithe Act) relatingto the 8udrt of the financial statements forthe year by virtue of section 477. and that no memberor members have requested an audit pursuantto section 476 of the Act. The Trustees acknowledge their responsibilities for: ensuring thatthe company keeps adequate accounting record5 which comply with section 386 oftheAct. and preparing fin8ncial statements whlch gNe a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance wth the requirements of section 393. and vthich otherwise comply with the requirements of theAct re18tingtofinancial ststements, so faras applicabletothe company.
S7 I BALANCE SHEET (continued) AS AT 31 MARCH 2025 Company number: s901 OIS7 3 IS7 These financial statements have been prepared in accordance wtth the speci81 provisions for smallcompanies under Part 15 ofthe Companies Act2006. These flnancial statements were approved by the directors and aLrthorised for issue on and are slgned on their behalf ty: TRUSTEE The notes on pages 9t0 13form partofthese accounts.
STINCHCOMBE HILL TRUST NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repubts"c of Ireland IFRS 1021 leffective 1 january 20191- Ichartties SORP IFRS 10211. the Financial Reporting Standar applicable in the UK 8nd Repubtic of Ireland IFRS 1021 and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. bl PrepatthDx*fthoo The trustees are of the opinion that there are no material uncertainties about the charity's ability io continue as 8 going concem. cl It]oo Donations an¢J grants 8re credrted to the Statement of Financial Activities in the year in which they are receivable and are alloc8te¢J to the appropriate fund. Donations in kind of services. includingthe secondrnent of stsff. are accounted for as income at an estimate otthe value to the charity of the services received. An equal amount IS 8ccounted forthe SeiceS in expenditure. Investment income is included when receivable. dl Expenditure and irrecoverable VAT Resources expended are recognised in the period in which they are incurred. They include 8ttributable VAT which cannot be recovered. They are allocated to the activityto which they relate. Charitable expenditure comprises those costs incurned by the charity in the delivery of its actNities and services for its beneficiaries. As the chaiTty has only one activtty. 811 costs are allocated against the charitable actiwty.
snNCHCOMBE HILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 AUGUST2024{contlnued) 1. ACCOUNTING POUCIES Icontinued} el Tangible fixed assets Tangible fixed assets consist of land and is held at historical cost to the charity. The land was donated to the trust in 1929 and was recognised at a nil value due to the absence of a reliable valuation. It is not considered investment property. f) Investments Investments are stated at maTket Value as at the balance sheet date. The statement of linancial actiVTties includes the net gains and losses arising on revaluation and disposals throughout the year. g) FLbnd accounting Funds held by the charityaie- Unrestricted funds_these are funds which can be used in accordanee with the charitable objects at the discretion of the trustees. Bqsulctodthll-these are funds that can only be used for particulai restricted purposes within the objects of the charity. Restrictions arise when specified by the donor orwhen funds are raised for particular restricted purposes. 2. SAPENDITURE ON CHARITABLE ACTlVtnES A8 restated Yoar Y8ar 2025 2024 Charitable Activities-Conser¥alion and Managernent of Stinchcombe Hill FIPL managementpian Survey Conservation moyding Ash die back work Accessway specification work Other conservation costs Insurance Administration costs Accountancy Subscriptions 52,298 350 4.780 4,758 3,770 1.500 2.760 399 2,701 1,310 2.882 3.196 1,560 307 330 68.273 14.628 10
STINCHCOMBE HILL TRUST NOTESTOTHE FINANcIALSTATEmE FOR THEYEAR ENDED 31 MARCH 2025{¢ontlnuedl 3. NET INCOMEIIEXPENDITUREI FOR THE YEAR As rostated Year Year 2025 2024 This is stated 8fter charging: Independent examiner's fees: Independent examination Accountancy work Taxation work 600 600 360 1.560 4. TRUSTEES, REMUNERATION AND RELATED PARTY TRANSACTIONS The ch8rityTrustees were not paid or received any other beneffts from employment with the charity in the year12024.. Énill, neither were they reimbursed expenses during the year12024'. £nill. No charity Trustee re1Ved payment for professional or other services supplied to the charity12024- £nill. There weve no related partytransactions during the year. 5. TANGIBLE FIXED ETs Freehold Land COST At 1 April 2024 and 31 March 2025 NET BOOKVALUE at31 March 2025 The ch8rity'S18nd is 92 hectares of Stinchcombe Hill. The land was donated to the charty in 1929.
STINCHCOMBE HILL TRUST NOTES TO THE FINANCIAL sTATEMEs FOR THEYEAR ENDED 31 AUGUST2024{continued) 6. INVESTMENTS As rest8ted Year Year 2025 2024 COIF Charities Investment Fund portfolio 14,720 15,400 7. DEBTORS As restated Year Year 2024 2023 Grants receivable 2.761 8.002 8. CREDITORS As restated Year Yeor 2024 2023 Trade creditors Accruals 54,568 1.560 3,330 56,128 3,330 9. RESTRICTED FUNOS Balance BIF Income Expend. Balance CIF Conservation mowing Rural Payments Agency Stinchcorne Hill Habitat Restoration project Accessway project 3,314 1,130 13.3141 11,1301 54,308 2.760 153,1241 12,7601 1,184 61.512 160.328) 1.184 12
STINCHCOMBE HILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 10. UNRESTRICTED FUNDS Unrealised loss Balance BIF Income Expend. Balance CIF General funds 45.558 8.236 17.9451 16801 45,169 11. ANALYSIS OF NET ASSEfs BETWEEN FUNDS Net CUfTent Investment assets Total General funds Restricted funds 14.720 30.449 1.184 45,169 1,184 14.720 31,633 46.353 12. PRIOR PERIOD A£JJUSTMENT In PTevious years the charity incorrectly prepared receipts and payments accounts to tile with the Charity Commission. and micro entty accounts that disclosed a nil balance sheet atcompanies House. A prior period adjustment has been undertaken on these accounts to correctly state its assets and liabilities brought forward at 01 April 2023 and 01 April 2024. and to correctly state its income and expenditure for the yeaf ended 31 March 2024. The financial effect of the prior period adjustment is to increase the charity's net 88sets brought forward at 01 April 2023 by £43,794, and to increase the charity's net assets brought forward at 01 April 2024 by É45.558. 13
Independent oxaminer's report to the trustees of Stinch¢ombe Hill Tru$t I'tha Company'l I report to the charity trustees on my examination of the accounts of the Comp8nyforthe year ended 31 March 2025. Responslbilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 20(% Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and ale eligible for independent examination, l report in respect of my examination of your charity's accounts 8s caiiied out under section 145 of the Charities Act 2011 1.the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giwng me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records. or 3. the accounts do not complywith the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts gNe 8.true and tsirview which is not a matter considered as part of an independent examination; OT 4. the accounts h8ve not been prepared in accordance with the methods and principles of the St8tement of Recommended Practice for 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 IFRS 1021- I have no concerns and have come across no other matters in connection with the examination to which attention should be dravffl in this report in order to enabl8 a proper understanding of the accounts to be ie8ched. Signed.. Name- Mr Mark ooley Address.. Metis Tax Limtted. Castlemead. Lower Castle Street. Bristol, BS13AG Dale: 14