Charity registratbjn nurnbpr 1144470 lErWJrHI and Wales) Comparby reswstration number 07673603 THE SANDSTONE RIDGE TRUST ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE SANDSTONE RIDGE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustaos ProfA Hul P Winn S PyAn Prof D Bel Ms T Hull Dr N Fhyrres Prvf AHul charity number IEnglarHI and Wlalesl 1144470 Company number 07673603 Roglstored offi¢¢ CIO Hal LNesey 68 Sl Chethrty CW6 OAT Indèp• •xamintr Hall Livesey Br HLB 68 Street Twley hestrire W6 QAT Bankers CAF Bank 25 ry45 HIIAvenue Kirys Hil West Maliry Kent
THE SANDSTONE RIDGE TRUST CONTENTS Pa98 Indedent exawinprfs rewt ststemenlaffffi8rKial artMiEs Nota$ lo th8 fnarKi8lsial8fttÉ 7.13
THE SANDSTONE RIDGE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 trustees wesenl t1r annual atKI Ina[ IlheYeared 31 Matth 2024. firhonuel slolem¢nts hevc b¢en prepared in •wounbry zet wt M notc 1 to ihe finynciol Stslemenls and comkly with Ihe charivs (kxbnwl. QpTre$A 2QM)6 and"Ac¢owtsw and Repttng by Charities". Statement ol Recornmended PraCte alwble to Chartt iryaiirwJ their a{x(nIS in a(rthanr wth the Financial Réwrfitw) Standard appltatle w) UK RwtAic of treLd IFRS 1021 leffÉctiYe 1 JarxJ8ry 20191.. Obje¢trwes and a¢ti¥th"es chadly'¥ obia¢ts arn sai otslb8kw. lal yomote enhance. ImFove. [e¢l and werve the physKal rolur4 enwroiTrwt its naturJ beauty fthe wNic benefit thin the area krN)wn a5 Cheshires SarK1St(x RxJe and ts environs txrt not exthgvdy by." Ill h8bit8t 1xservati ar restoration and erthartemerl ¢the I8$t4p." Iiil iwroving the undetalg ollhe #e(91. h15t0t aThJ ltU1 Inherrta[E0fthe area of benefil". Iiijl av4ar8ness oflhe quitsaNI feales01th& area of thfcwg lerpretakn and prOVed access" 151 advce the ucknn ofihe in Ihe phystsl a1 nalur81 envrthmeni arKI in Pat8[ the conservation. prulKbon Iwrovtrhtni of Ihephyxa natu enwth)mert. by •Xdu$Ne by Ihe of i1n1. olunleering 8nd edu¢awnal OPFKnundies 8n¢J the de¥ekwenl of rur 5kn1L8 pY benefit. Prfnclple a¢llvllJes lal maximis& pukAic 3wdrprb aflhe sa5[ Tw5f, {)} Exp1 Lh8 puwofthe TIL1. arvj bene1$". Icl Secure active parkn0pati and suptxjrtafthe Tru pe(We'. Idl Enhance its repulabon 59 th It eams tarKIngvj 5wxxI al the Same bme.. 181 CtBate mainlain links with key pariner5 in otdwlo di th8 way in %%trich the Tntsi mernbers and supporters cou buneSS aid c(Nnne (Tr Be¢orre mole efte¢ove In th$sin8n9 int17 ¥xxrt Ihe Trustwd be able Io infoinaton m(e stryole9ically to key audiencesal., Igl Deveknp a strong t%%&way 1{arMal0n bettveeTh Tru5tee5. Tr mernbers. aThl its partners and key athEnS TTrKs trustees have paid due rggard to guKJanc8 i5wwI by ts Clwiity in d8ci¢ir4J %Fwt tiVItieS Ihgchgrty should urwJertak&. Achleveffl•nts and pgrformanc• T51 has eslaNished its a[ set L¥rt its wvjdlrS. ItIHs TevIewedlhEOUt(XFES of otherprevKJU$ HÈntagÈ Lottery funded progra1mS its [xlUtUre My. h has with its begun to dB¥elop wJ8B5. Financial rleW Incwe was £39,029 In 20231£46 in 20231. lh£38.9J9 rdated ¢84j the r•mwtThYerrelaled ts ini8rest re¢Èi¥ea In Ine year, ExprtUre increased to £7.601 [>M £2.478 oyreni lev4 of untencled reswves £18,5. tnBtees a satisfiedlhai thB I1 is sulfici1 lo med any obl0$ gri8in9 Ihrou* the operalKJn of thority cwrenl time. Th¢ trusteos horfe )nSle[ed the requirement lo maintsin free rfyserws arvj are sar1 that Ihe chanty ha5 a need to e$lash free wtves to aiwtb Ihe 10[ fluciualr}S in fur19 [eCer (yJrlailng Serv lo its berKaa[1es has been IxJcLlated to b 8pwoxim8idy £1.000. The trustees has assessed the riskstowkith Ihedwity is ews&l. a[KIe sat15fiEd that W2m5 3re in place to mrtvJale exposu lo r&$.
THE SANDSTONE RIDGE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
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THE SANDSTONE RIDGE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Prof A H1 Trustee D•tsd. 13 Dp¢embor 2024
THE SANDSTONE RIDGE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SANDSTONE RIDGE TRUST I r8Wrt to Ihe trlee5 my exatr4nalKJn vfthe statw[LS ThB Sandstone Rge Trust Ith8 Ghatylforthe yearendÈd 31 Marth W24. R$sponbIllIFy arKI basls of rtport As Ihe bust888 ofihè th8rity l)d itSdWecsf0r tre p[M)se8 of ctmpry LThl. you aro responsi• fc pr8P8ralh)n of tre finaroal SlatntS in &¢trdar0lth wiirwnts canS Act 20. satBfied trrysoWth firwnrial Ste• oftlp ch¥ity requrwl to be aLKlited Part 16 CofflpaniesAcl 2006 and are elyble for KKIeenleXaNnat. reFKKt resped of rny examinatron of the tharty's financ4al Statnei5 <xned wl uderseC1 145 oflhe clIeS 2011. In out my examina I hawe followed kne DI 9wen by ltre Charity cCthrnss Uer SeCtr 145ISKbl rrflhe C1%3rities Act 2011. Indèpondènt èmamlnérfs stat•m•nt I have completed rny eination. I confirm that r#l malters haveccThe to rnyartentirffi in neXin with the eXÈMnali giving tnecause lo bVe thal in any rnaterkal res[rt accounbry records were tkept in respedfrfthe ehffj as rewired by serkn 386ofthe Cornparie5 Aci 20( 8Tr<> ith r¢£ds: the financial statements (k> not COtAY the 0fh0n ofthe CmpanIeSACt 2006 otrr than )y reouiremeni t1 the fin f8Jrvw. Is noi a matter cwsijgred as part ol an Inoewndenl eX)In80n". the fin¥n¢ial stairynents have noi been ppe1 in ao)ydarte ¥Ath the and prir1ps0[the stsiemeni of Recommenoed Pr&x¢e for ¢ThIrs rerthF)9 Dy aPyi¢aUe 10 ¢haniie$ prep¥riry u)elr fina¥1 stslEyTnts m acCLXdae the FmarrtJal apphcth UK WNI RewYK¢l Irelan IFRS 1021. I have no concems anrt have cOmer05$ no Olher rnai*rs in the ex3rnirK4tion to tICh attention Should be dravm in 11¥5 report wdor to en9 ? WDPgr wdorstarvjry oflhgfWnal slat9ments to be rpac. Retecca Ellams FCCA HLB House 68 High Slieei Tarporfey Chcshirc CW6 OAT Dated.. 1fj December 2024
THE SANDSTONE RIDGE TRUST STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 To1 Unro8tri¢tsd Ro8tri¢tod lund5 fund3 2023 2023 Total 2024 2024 2024 Notes In¢omo fw: Donatior6 and lllveslments 74 10 Totsl In¢om 39.029 46 46 Expenth¢yr¢ on= charitab &tivtb&S 7.601 2.478 2.47B Total expgN&turfr 2.5W2 7.601 2.478 2.478 Net incornellexpenditurel 12.472 31.428 12,4321 12.4321 Tr8nsfrs betwtrn 20.257 120.2571 Net mov8mènl In funds 12.4721 31.428 17.W25 120.2571 12,4321 Roeon¢iliabah of funds.. Fund balarKes 8t 1 April 20YJ 21.357 2.924 24.281 3.532 23,181 26.713 Fund balanctrs at 31 Ilareh 2024 18.885 36.824 55.709 21.357 2.924 24.281 siatsrn8niof fina81 ach¥i15 ickJdes all gainswJ k)sses wised in the year. Wl irJ)me d *xpej1Ure derive
THE SANDSTONE RIDGE TRUST BALANCE SHEET ASA T31 AIARCH 2024 2024 2023 Currbnt ass•ts Debto Cash 2t barth and i) ha 11 37.897 18.512 Cr&dltOV5: amowtsfalllng th• within on• yEar 12 (7(K)I 11.2731 Net currenlassels 55.709 24,281 The fvnd$ of the ¢h8rfty Restricted itKotne fun( unré8tricd fuNJs 13 14 36,824 18,885 2.924 21.357 55.709 24.281 The c(MKpany entrued to the exeryK from IheaLlil rewirernErtCla1led n secti 471 ofthe CorYyanE5 Act 20. for Ihe year endgj 31 Merch 2D24. Thè dirèctots acknitr their reskth$lMlrfi3s fte(Mnprvj 1lh requwetnents otthe cOmpanA¢t2(m)6 re$pÈ to accountiry records énd the prepara Tlan81 slatw). mmbws nava rot r•qulreo the ¢(¥Y to obtain an 8udil of its fnancial ¥w8mwts forTh ywin Ql90n In accordanWth seclK)n 476. ThÈse fina81 aternents hÈ W prepad auX)rd withihe KWOVtsiOnS trj tthiparmes subpct to the small Companies ra91ft. Ihe financ1 ststerrtnts we apryoved bytrt busiees ty) 13 De¢tlY 2024 ProfA Hull Trl Coryany registratil [nber076736O3 IEn9thJ atml W*5
THE SANDSTONE RIDGE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AOUnt9 pol195 Charity inlarmBtit The w¢andstone Ridge Trvstis a wvats oryany by 9Jarant9e irwpoiatetl England gr wa$. istsred offKe Is CIO Livesey Br¥[. 68 SL TarkKrley. Ch25thwe. CW6 OAT. 1.1 A¢countlg comtenti 2006 and"Afthth ar bi Ch¥rfies" SlatewtofRetxlrnV¥kd Pratttste alirth1e to ch9re$ Ihgr amnts in all¥rpYlh the Fr081 SWdatd apliraY8 In IhB UK and REpubhc of Irdand IFRS 1D21 leftectNe 1 Janw2019f. The tharity is a PubSe Bfil Entityas defined by FRS 102. The charity has tsken advantaJ8 pruvisin thB SORP frJrtharii5 4"[j FRS 102 Uk¥Jate Bullpbn l TY)t io prppe a Statetn2trt of Cash FkM5. The fina1 akrthnts are slj. vknich v3 th8 oJrwolth8 th8rfty. Monaryamounls IhfysefincI stslemwis we rOUE to Ihe wrest£. The financial strMents have been prepaed urkrthe tristorira rx)5t CA)nvE¥thn. ITTh1fi to inclthe the revaluat offteehold properties ar to n¥esknnt wwbes atKJ 1n finan(ia ittstruments ai frdir valuel. Th8 ncIpal a¢¢ount9 PDIKF5 adoptFd art Set beM. 1.2 GDlng Al the tirne of apprO[j lhefftnaia1 slatetnents. thetsU5I5 have a regsonablE expECtation that th2 has adequ8ie $rte$ ro ¢onbnue In orepln81 exiskn¢e for fesee fulLKe. Thus Ihe trustees (y)ninue 10 •J Ihe going bags of8ccwnb.ry n preparirMJ Ihe fnarThl ents. 1.3 Charflablc fvnds UnresIrld I&S are avakl8 [( u¥e at the ol th8 tr1885 in futhrarKe of therthariiaNe obie(fjv88. Raslrktsd fwdswo Su¢1 Io by L¥Wl¢)rs as hotW nw be used. Th8 WlPOSa$ nd uses oflhg rostiicted fd3 setout in the notssto fmanoal slatnts. 1.4 Incom• IrKorne 15 recOgned when the ch&ity 15 galty titled lo il afteT any pr[nance (thDn5 have teen mel. the nwnts be Ysred relabty. and it is ryobablhal inttThe beTtIved. Cash d&natiS are recowls on recept. therthakns we retxwised 0e Ihe chffj been notifi&1 ofthe donaton. Unl pert(The requ ofthe attKJunl. IKne tax re(x)verd in [plati( to donations rocefv8d er Trft or 48&Ys of o)¥wBnt is re(01$d 8ltr&tr( ¢flts &)n81Kffi. Le9aues are rersed recgpl (ther rf the dwtity bpen tified of an IMndIng distribution, the nount 15 known. rePt is exIred. Wthe arK)unl nrt kn[. lh2 Wy istreal as a contingent a5seL 1.5 Expttmliture Li8billi6s aro reccon1¥ as8>pUrÈ as a¥ Ihwe iqa lega COMStrLthe oblKJation et1nll1Th9 tha ch8rNy b) al exp8ndilutp. its 15 Ihal a tran5feTof eLyJrKK nEi5111 LY requred n selleW and IhF a[[Utr al obluation ¥n ffeagJre¢ EXperltU& Is acixAIed xIU bSar1 has been das51 utthr heathrtha1 aggre9ateal u)5t rd¥ied 10 cg0ry. Where costs wnot be ¢J• loa parts3r WJINJ Ihey have been 41tled to a¢tMbèS on a conslenl thB L¢e ofréywr¢es.
THE SANDSTONE RIDGE TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 ACcoUntw pol•e$ (Continued) .6 Ce8h amd ¢o8h eqtsiyalènts Cash rash awNalents ITle (xh in harxl, de15 W atcall baTs, other shi)rt-term I1(w Investments th onginal mtiils efitY kss. )d b0¥dlis. Barft ov¥drafts are TArylhin borfowngs in rrenl liabilitses. 1.7 Flnanclal knstrument9 The d)anty t¢ to apY tr prwso)s of Se¢btr) 11 Eayc FF)aThial InstDyments' Se¢bon 12'0U)er Financi81 Instrurnents Issues. of FRS 12 to JI of ts irEuuTrEnts. Financial instsurnents are rwised ID the thatS i+Eetthen thp tharii> b2£¥) party lo the(xxrtractu prov0$ ¢flh8 insiwTrni Financk41 assetsand labdi1e offset. ilh the rel OThts rwted the slalenEnts. when there 15 8 IallY enfOrable rightto set off Ihe recogn aTK)unts ttre is inten to selue Ma net bas orto real Ihe aysel and settle Ihe liablity rDulte0USIy. Ba$Kfin¥ncBI a$s8t$. ilUde d8blc$ Cash ban bal9r. ¥e inth8lly me8sur•d 81 tr)$8CIK)n pri¢8 Induding transadon cos15 and are senvY ¢zrried at aThth5ed C( rj effte terest Meth unless the atraryementStitUtes3 fina[9 tranb{, whetp transact is rneasured at thp Fesent Value ofthe fviure raceipls (swJnted 81 a market tab of intsrsL Finartial assets cAs$rfd ¥8 r8¢vabb wthin onè ya8r aro not rnorbsed. Basic financ1 tiabilitS Basrfinanckel liabiliiies. hi¢111n9 ¢redtrs baik h)¥ns are iritiatyc(yjTh attw¥ctson unless ihe arrarMent consblutesa finanung trSth. ¥%there tre debt in5Jument measured al the present vaue of ihe future paytrEntsdi5counted ata tnatkel rdle of itrtetP51. Fina>4 lthlibes dalfd as pay wittrmn onp yearare not atnottised. Debl Insthmlare SAJbseqtty al amrAitsed cast. n9 Ihe eifttthe interest rate YrÈlhod. Trade rxEdit(Y5 are otAigalK]n5 to pay fL¥gLsOrSLl have been aCqre the dInary course of operaions supplet5. Afflounts are d3ssrfEd as CLwrent1LltreS rf payment is due within one year or le5S. If not, they 8r& piesentad a£ non[rant h"ablits. TF8 L¥ecilOTS ar8 rtoyniwj Inilialty 81 pri¢• and subsequeniiy measured at amrytised cost uwrg tre effecti hiterest mettrth. Finantisl liabilibÉS arè dèrètwigèd vAÉn charity's (nII tda1% (*arè digd)argÈd orCld. 1.8 Employw n&fits The CDSt uf any unused IjaY Ès tpE(gnwJ in IhB PPtv>J the ewWDyee55wvice3aTr reGeThied. Twmnali¢n benofits are iecognEed m)?)¥reYa88n 8xp8n$8 wh8n ¢hanty 08nKfftstr#)ly CtyTrmltt to terThinate the em[A01 d an empk)vee t0 provKle term311[ ben2fits
THE SANDSTONE RIDGE TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 ¢rttl¢al aOnn9 •stims and lyd9prnonts In the 8pplicabon oflhe thgrity's 8CC(rnry ¢$. th¢ trv3lees 8re Tequ?red lo mJke iJd9errrnts. eetsmjtes assumplw)ns amul Ihe carrying anKurtofassets )d hab11$ th41 are rhlY app¥1 frw her esthThates and asSoCte¢l as5wWK)n5aE based on eiered OtaIr5 that are (X)nsr to be rde¥8nt. Aeiual resuhs maydrfTÈr fromihes& ÈStirnatÈs. Thp Fthd iJrlptyryJ 1¥e. rpvh¥erf rjn an In aruAJnhrrfJ p¢limqrps arp. recognised in the p8rk in ¥Jh¢h Ihe esDmaie is tsre revi8kJl aff1$ tyily Ihal pwitrj. or in the pariod of Ihe rwisx)n Tuture perS whpre Ihe revi&on affects tx>th currrt future peri(xl5. come fwom (lo10n5 and lega¢Sos TLrtal Restriclvd funds lunds 2Q23 2023 Total funds 2024 2024 2024 2V23 DonalK)ris arml glts 74 74 10 UKSPF 74 38.983 10 kncorne from inve5bnents Unrtstrlcted Unrtrswicted furK15 lunds 2024 2023 Interest rl¥ato
THE SANDSTONE RIDGE TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 Expfrrndttyre on tharll*¢a¢fjvlOos Raiyiry Raisiny donatitins arnd 18gaclo5 2023 2024 2024 2U24 Dlrvct Costs Enlerac905 n database Share ol support and governance costs Isee note¢l Sukwrt 1.717 875 1.717 875 7.801 2.476 Anatysls by lund u11rtrj 2.592 2.478 2.592 7.601 2.478 Support ¢osts 223 Gosts Marketing PR arvj website 558 778 Running costs Bank charges MeTnbefShip 7T8 73 119 113 Independent exaThner fees 71X) 164 7¢YJ 164 613 327 16 613 327 16 Insuran Ttustee penSeS 1717 875 2.592 1.522 956 2.478 AnlyEed btheen Ch¥dtabb a¢tivf(8¥ 875 2.592 1.5¥2 956 2.478 10-
THE SANDSTONE RIDGE TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 Mot mvfyment kn fvnds 2024 2023 Thfy nFt IVeMentin fthd$ ts ¥tsted aftrr tharyinyII(ethtyl". Fees payable foi the ItepJI exanwnatK)n vfthe tharitvstharvial Stai15 7(KJ 613 Trusts8s None ol the truees lor any perS (nneC1ed themi re(xNed Tnration or benefits frffli the charity during tr year. The average rnanlNy wmber of duriry IheYe3rzs. 2024 2023 mnber Number T(al There were ro emrAoyees a1 fernUwaTrW4$ rre Ihan £fyi.rm. The renwneratK)n of key nwnagerrWtpeIr asfalw.. 10 Taxation The charity is ex8ttyt frumlaxatiDn its auvth because dl ts ap1j fur charitable PLTwses. 11 Dobtors 2024 2023 Arnounts falling due within one ye. Trade debt(W5 37.897 12 Crodltors.. amounts hlllngth*wlthkn on8 yoar 2024 2023 Arxru315 and defwr& itK(J 7(KJ 1.273
THE SANDSTONE RIDGE TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 13 R¢strl¢t0411unds The r¢eln¢ted fundsoflhe therity cnprisethC ur¢xpcrhYed b8ncetr¢c$8nd grontshdd on trusl subject to SP8ufic co1119 by¢M(YJ as to hthty Ihey rnay be wd. Mov8mont in furJs Hllforts and woie( 20.257 (20.2571 Walk and RKle Fesbval HLFICWAC- TrdnsliKal ndkng UK shared Prosp Fund 32 2.892 2.892 33.g)D 15.Th)91 3.181 1202571 2.924 38.909 15.W91 36.824 14 Unrestrithd lun The Lryestriaed funds oflh8 cthaMy¢omws8 i1u)j balarK8sof¢Jrfflaiois grants which are rKJl subject tn.4rv.ifip. r.nndihrJrs hy And wntrits te. hp. li Trp. irrAiJdp. ln3tP fiinrt5 whip.h havp. been set as out of unresth¢l8d furfs by ts trust8esfor pwwses. At1 April 2023 Transfors At 31 Alavch 2024 Genwl fur8 21.7 120 12.5921 18.885 Previpus year.. Atl Awil 203Z kncofflir#J Resowce$ Transfers At 31 MarEh 2023 Genwd fu$ 3.2 12.4781 20.257 21.357 15 Anatysls of net assets belwttn lurK15 Total funds 2024 2024 2024 At 31 Alarch 20X. CurreDI s$setsll1*lthfsI 18.885 36.824 55,709 18,885 36.824 55.709 12-
THE SANDSTONE RIDGE TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Anatysits of net assets betefi funds (Continued) Total fund8 2023 2023 2023 At 31 Mah 2023= Current asSEtlIK?lIbeSj 21.7 2.924 24.281 21.357 2.924 24.281 R•iattrd party trdn$a¢tions There were no dcsaIe mL4tBd party5th dg the y{2023- tK)nel. 13-
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