forthe Y•ar Ended 31 Dec•nber 2024
Ststtthy AJAlTrtLYS
DEI 2HU

Waksby Fore9t
Contents ol the Fknandal Statern￿ts
for th• Y￿4r Ended 31 Dttenthr 2024
alm￿n.9 Rwt
I to 2
Chld Executlve'$ RaP￿t
Rwort olthe Trnsi*e*
4 to 10
Rqjort ofthe Independent Authorn
11 th 14
Slatemwtt rf FlnJnd•l AcUvlO¢s
Baljnee Sheet
16
Cash Flow Statsmw
17
Notss kn the Cash Fl¢M Statthn￿t
Not£s kn the Flnandal St•tanents
19 to 33
34 to 35

Waleth Fore
Chalrman's Ropwt
forthe Year ETrd￿ 31 December 2024
The Macl￿r￿m￿ cornJfu(KLS ttE tharfty has for s&Eral yeas rthy ha￿ not been easy. We
have had to conterKI with ￿(￿aintE5 (auseAI by W the Par￿eMIC, suryku Infialjon, polltical
ttam￿lI, alorwj wtth the ￿n0￿C&￿ert d thge5 to ttE ApP[￿liCe51￿p sc1v￿, mIr￿m￿n Y￿9ts aTr
Employws National Inswrfft CorthbLrtkns. What ts fm trt (Jartvs perf(¥Man￿ thts year, inco
arml costs have been extremely th011￿1￿ wtth tre w&ither and cost increases a maJLY fthr v4hlch
comb[n￿l has had a rRgaUve effett ￿ OLW (ath reseNe& We have contsnued to ImFrn on keeplr#J o
staff and volunteers safe, we debm for Olr abtLW, regar(less cl *that Is gLMrwJ on arournl
The Impllcatlons of 2024 were *nlfy2nt ￿ ur(c&llrKJ wth a b(* we have ojntknwl to
Invest for growth e5tedalty¢ In stafftsyj arml we Nkda Tewson as OLr Hnandal and Commerdal
rector. TINS sentor ieaderthlp has alh)wed us to on key areas indudlng governa￿e aNI
commerdal aLtiwty alth￿ng the ￿te to b#*fft 0vase￿ by senlor ap￿In￿¥
The 5tratsJlc &tk)rns the TNstees tskem In to realL* crtr sustatnaLle growth vWon are
embedded, It's very dear we need to reAeH all areas of txjr whKh we htrj In earfy
January 202
Our straty, govemed iv tJu* board, 5kn￿ and effeL*ve; operate sustsinèbly, cytsmlse
0F￿ra￿onS, expa￿1 our offerfng, and deFAoy ca￿trj tlwhtfijly. ￿lISt the tharlty objth have mt
changed slgnlficanly ¢Jver the last few ￿5, fi￿1￿1￿1$ (fj strakn have aliwed w IItW and
thLs wlll be challenged dLtr1rwJ ow tr) comw ty June 2025.
Whlle Board has stwarded the Chartty through a saies of extrajrdlnary ctrcumstsnces, the thallenges
have been tsken head by our #aff aml Tlw1¥3ve agaln, demonstTrted ￿Tr res111￿
and detemilnation atKI TrtBteÈ5 extervj thjr gratIt￿ ￿ th￿kS to the ￿ttre Walesby tearn.
As our (apabIll￿e5 have expand￿1 the verticaly Irte97￿1 stq) shc4) n￿de1 has M￿red, wr
' oppN￿n1lieS for self-hdp tove grovm, rdnf(xtlTrJ ow ￿lI1￿￿e. our rella￿e on one (Dre of
As an estsbIld￿ charfty, ￿1th a past sw£essftJ rth fv grobrth and ￿$h ge￿Ion, growlng revenue
and Prod￿jng a healthy cash surplu5 frcm fAr {wati￿￿ ovtr tt* ￿t two years will be <yltlcal to
rebulldlw cmjr r*rves and a thoughthj ap￿￿ to ca￿1 been IM￿Mented w)d as
our wL)n(Kry unfol(ts; we wlll rx>nstath catknl ba* aNI ITh Ixst to deFdoy financlal
We WIN to Irl￿st In malnt¥wrKe alm to te Imt li (kss for tyjtdoor acuvlty centre5.
One aSk*rt that Iws galwl momenbjm Is SL61ainaW agthla. We trwve always taken our r￿LlIty
SerkJu￿Y but wth ￿pItal ￿ded for rerE•vals ￿￿¥y), ths was never at the fotEfront of ￿Jr mlnd& We
have now tsken sw ensuriw 811 maIntenaTh￿ aNI futu￿ proJ&ts ot*rate to best and a(lopt an
ethlcal approath tslqng our to (Njr #aff, IK*J)￿, arml cJJnML￿lt1es Sa1(￿ty.
We recognlse the lMpcfftar￿e of wNe5brYJ in wr st*r aThJ Nrknteers, we rnmmltted to en9Jrlro the
dll base Is balan(ed ensuring we have è sermor lthlersNp team that comprim￿ts each otlw al(￿9 the
Strat￿Y, cornmerual, flnandal aThJ ￿￿JE1jOna1 an area I￿tified Ihat ¥¥e wish to devejop. To enable
the bimldlng tAo(* for long tem1￿￿(e4 we Iwe O)mpl&eJJ the first phase of our staff
accomodath)n ￿lIage wh',d) is r#)w used by ¢Mr 15 staff ￿ a r8Jular basls. We twve a first4o55 Iwi who
we tr1st and we have the IngTh11￿ In klace for
Whlle 2024 was thallenglngfft as ¥Ye move Into 2025 ecrmnlc ￿th)k fty the UK remakns ￿￿￿taIn and
we eX￿t hjrther cost increases com￿111¢￿ In tty)th pri￿￿ aThd offertry& We will maintth a cauuous
approach par￿culadY as we assess the 0￿01r￿j eff￿ts (( o)st m0Ven￿rtS ¥thllst rernalnlrvJ comThlttal to
pmwdlng attractive faalitles arKI offerirpJs to our asb)mers etwirKJ r￿laIn wdifo51tioned for long temi
sustainable growth.

CThalrnian's R40rt
for the Year Ended 31 Dethnlw 2024
M•naglry our Rlsks & Opportunl
Ihe Board of Tntste£s are reS￿￿lIe for the tharilie5 sysiw of rlsk management 5traty and vlth
what has trwppened the last few years has shos*n OLT ￿lr￿4b11ty io In a spedallst sector.
Headlng Into 2025 managltvj our rfsks ar]d (pE*x￿ni1je5 wll oJntiNR to be WJmlr￿L By Identlfylng and
managlng our rfsks eff￿tfvetY we can foos (fft ￿ kn￿.terni Op￿rtUr￿￿e￿ pJJthtk￿a1 rlsks n(t pre5endy
I￿oWn or Cl￿re￿Y deemed to be I￿ mthal may at91 an Jdvetse effect on the In fU￿re.
Rjsk Is an Inhwit and accepted dement of (*)Ing Ix&ness dfecbve tsk mwgement Ls fuNJwnentsl to
how we run the charfty. The ttharity ap￿Cth to rfsk managwngrt Is to Identlfy key rlsks aryl tIEn to devdop
artbns to pr(£ess wlthln owatton trj ¢x mItigatel￿e tl*s to an atyable Jevel.
Mothg fomard our rfsk aNf control ThEasure5 Implur￿￿￿l tw tP￿ IJu8t￿, senior managanent team
C4nfjnt*d to ￿ strertsn&l wlth the forma145atJon rf QLT FIrwI￿ Commltt* and th expanslon of the
PTDpety and Assets ccMnm￿Èee remlt to Induth Eyoputy mirrtu)arTr allovdrg strong g0vMn￿ and an
)Jdltlonal supwrt Sts￿aUre. ￿1 su1￿(￿M￿StteeS are dkirul by a with Execthve
Officer present or one of hls ctrdrths.
I wwld a150 Ilke to thar&k Jean Rams(len arKI RIMI Iwve b)th rEtlred as trustees durkng the
yEar who ¢dI￿lY wovld&l maTty years of (ieJlc&d SeThI￿ cortrll)utksn to th d￿rity. It was an
abKluts pthsLre wuklr¥J ak￿￿de th&n L¥)th aT¥J l t1￿M arKJ thelr famllSas wdl ts the fut
Waletsby ForESt Is a thartty, okvatir#J a doJK*d arKI acVbAty cstre for yourvj people IrKlusfve to
all. 7he charity not 0￿Y req￿￿ &tenslve fundiw a large t￿n of vdUn￿rS and staff, arKI witlv)ut ihls
comblnauon Walesby would not be able to ￿]I[be5 a￿1 services that our (￿stoMerS demard. Whlle
thÈre I￿ many contributors to $￿CesS thatity, at Walesby Forest IVS our staff and ￿￿￿nteerS that
make the most matsrlal dIfferen￿. Yet again trw FKave dernc￿￿ ranarf<abk fO￿bjde kn the face of
eat un￿rtaInty to produ￿ re5th, and trE L*)ard (rf trust￿ thanks the￿L
ibllltles to grow and maknre. As we Contin￿ to gr(h¥, ttYxKJhtfiJl &I￿nd[bYe wlll remaln cwtrdl to the
t*s' C{M￿deratIOr￿ balaThJrrfJ with nthlty, arKI tharKJal ￿bIlty wlih value (Teatl(ty).
There Is much to bok ftinvwd to. We atp exot& futh aKI Walesby For& wlll
yeats ahead.
Allstslr Bow
Chai

for the Yèar Ended 31 D￿embtr 2024
2024 v•Bs a very dffiaAt year for ￿ o*ity, a cimLthètkn of negative t&LDrs (rmnlng toget￿ that the
tharlty hard. P￿r weatrEr for t￿ flrst frNM)rth of the yew h&wily Mpa(￿l n(MmLErs of mlxed gro
cwnplng and correswndiTYJ secorKlary swd. Trt natkThl a)st of lI￿n9 af5is Carr￿ on through)ut the ypar
th customers having less In th* F*xk&5, arnl luxwles sIKh as a %Yeekend away bdrwJ cancelled.
Etthst rates set by the Bank of England remalned sknthmly hth, a￿1n leavty navon wlth less
avallable money to spend. SthC￿l rellected d*rvJe in the rotion's ttonom1c sltuatT(ffl and
moved to etther shorter residetlal sla￿, cff to cky ￿ Instead. F￿h i￿￿Se5 ts the national lI￿ng wage,
of iwenty perc￿￿ to the appretti￿ alone, m* ow stsff Lt6ts w high. c05t of our dedrldty
more than doubled vh*n our old (£￿tt
Scout arKI Glide mm*v5 were below tsrget year. at the start of the year by the
Gulde5 aLwJut use of Walesby Forest wh￿) nlxed group camptrrfJ was on slte r￿￿teA1 In the loss of a £40,000
booknng. Our Wal&sby Forest ￿ou￿rvj a￿1 g￿ wue rthsha iwt conljnwl to struggle to
attrart suffldent numb¥s to make them In partjojar the first week of lJ)e thJc4 SUrr￿er holldays
where orty three groups came to slte, wdl tel(Y•V the tsrget of at kast a 1JKxJsarnl knjts and r￿ide%
IJSCLtsaons wlth county &Tuts arKI Gutdes atrxJLrt ￿ntU￿% a￿ ￿deTh¥ay to ty ¥KI drfve up mcre
Mlxed group number5 Cortlrwl to str￿gle in 2024. A a)mI￿nat[cln rA e((x￿￿[C drcumsta￿e5 In the UK
and exwtlonally ￿Or w&3ther conditfons for ttE slx rrb)nts hlt very I￿rd. months to
JurE 2024 v￿e 0ft7clalty the wettest on r￿Ord In UL ThankftAty the weather Improved In July and
A￿￿￿t and we were able to daw ba(* a pmwtion of the k)st Income, but we stiH fall￿ to meet the target
A ralew of weekend a￿dIabIlIty f(r 2025 was aryl ]t was wJeed that we VAII foc￿$ mixed gvoup
camplrtrJ durfThJ sthoot aYKI bank M￿aYS reshlual Vme to membeJshlp groups who
are le55 aff￿ by the wets. Th15 ¥￿1 be re￿ed agan In 2025.
SthLX)I customer numFRrs rana1￿ vffy 4JtyvJ de9*e the tharrfje kn thy ithwathn a￿1 corNErslon to day
trfps only, Feedba¢* fr(rfn custom&s In 2024 Tfywas tt* t*st on rec(Yd a)d has resLtted In excellent
rebooklThJs for 2025. In a(klitkJ) we have CAst0￿rs from [thyShi￿ Scmjth Yoth5hke
hwls, part of academy thaits and thru￿h 9XKI moLth. Unfclknnatelyi ttE sdyJ)1 secondary
sp￿d was down due to studerts cthrArwJ to lte wth le5S
The Camplr¥J aKi Carawdnnlng aLt* T0rd*g￿ Tre Blg Fake F&tral were a tr*J gxtESS agaln,
al￿'t In keeplng wlth all ottw customer se91￿ seLDThdary 9)￿ was down. Discuss10Th5 wlth the Blg
Fake Festival have in them stsying at Walth ft*est untll at least 2029 peTrllng flnanclal aThl hlre
4greements berry slgned. LcK)kirwJ forvlard, Y￿ &e ￿v￿Y PLYsulry other large xale events t￿t wlll
ger*rzte a substsrtial for ts tharfty, rAu5 [bIek*￿ a ots for site ts) ￿￿o{￿Je
others to use our fadlltSe&
Operatl¢)nalty, dll7laJlt dedlons l￿d to be m* to mWte the )1Th3tKlal PDNems faced In 2024, Seasonal
stsfflng was curtailed earty. a￿v￿d￿ng arKI markeung redLK8J, aTrJ all other areas of the ￿te n￿rft0red
very dosely. Ihe mantsnwe tean was Unsett￿ tty(wl￿t the year resulting In several of the team
leavfng. Our and safety was the best on record wth zero RIDDOR events a 40%
reJL￿on In acddents, l￿dents near ml
2025 Fromlses to LE a tslcky year agaln. WNlst we seen tkree Bank of ErvJlarKI intentst r* reductton5
San￿ the 2024 electtm cost (rf I￿r￿ crt4s prÉvalls. Changes to employers na￿nal insurdr￿e combined
large incrffises to the national liwng agaln ha¥E finan￿. The chaty Is
doubling Its efftirts to thase mre edLTrtional wcAk, Ys Source of income, that cornpfimw)ts the
current offer, The OP[K￿￿￿$ a w bOO￿Th￿ Webs￿ wtsents, comblned w￿h a vastty
Imwoved in.house marketirNJ ablllty, arNI opkn SI￿￿[KI Nre othw major wents belng pursLEd,
have gwen team a renewed foats arKi knte￿ momng fc*w¥d.
Guy Laurfe
CEO

Walosby Forn
Report ofth• Trnst
for the Year Ended 31 D￿Mb￿ 2024
31 DeC￿nbU 2024. The tnLStee5 have a(knptdl pvétskons L( Accwittng and RepN)rtlffJ ty tharltles:
Statement of Pra(tice applicable to thyrtues I￿r ¥counts In acLDrdafft wlth
Flnandal RepOr￿rrfJ Standard a￿[CaLle In the UK JKI Repthk of IrelaTKI (FKS 102) (effectlve l January
2019).
Objectlves and alms
The centre ￿11 ￿￿ther fdh3b￿r￿j tharKable pwrmxes In Notth¥lKimth1￿.
. The advanC&m￿t of eiknzlkn (I[KI￿11ThJ physka ￿￿3t1￿) for public goc*J ddzenshlp and
dvlc ￿PonsIbIlty aThJ by advandng ￿ IfMJuthE e￿￿On peO￿e wth the aim it develops
thejr mentsl, phys1￿ mc*al t￿bl￿tieS Ixt rw)t exthL*vdy t￿rn￿ r￿e￿￿on￿, spxts and
lelgJrtr¥me type
. To help yourwJ wple, espe(iaHy but not exd￿* thrcwh leisure ljtre athltie5, to develop thdr thllls,
capadues aTrJ carAtxlllJes that they nmy gn)w to matyrtty as l￿d￿lS and membw5 of N)dety.
- To pro￿de or as4st In the Frovlslon of faalities kn the Int￿eSt of sodal w*re for reLreation, sport or oth
lelsure Ume [￿￿Pa￿On of irKIMdLols wlk) have r*ed of fwJllUes by rea9Jn ￿ I￿1r youthi age Inflm)Yry
dlsatJllty, financlal hardshlp or 9Jdal araThstarKes vlih ttE ob￿1 of thelr oJndlttDns of11
alms of as frAIows:
. To cDnttn￿ to seC￿e trE long twrn fln￿Kaal si*ltLy lry aywal operabrKJ $￿U￿.
. To pro)Ade a safe OLtdoor thnlu￿ ethKatlon re51th[￿, crylrwJi actlvlttes arnl fadlmks
for ScoutlThJ and Oth￿ groLP&
. To promote the devdopmert of young al[￿￿[￿j to arhleve thetr fijll physlcal, Intelleci￿1,
sodal and splrltual potentlal as Indi￿d￿*, as re5wn5it4e ¢Jtizens aNI of t￿r local, nathjnal and
YtematkThl comM￿￿e￿
To athleve ams ObJ￿Ve5, the tharfty to irKrease thb5irwJ to targ*d market segr(w)ts,
SCOLts, 9thcyJ15 and cThirdie to dhve sates In •JdlUm ttw a19) Flan to dev*) and grow these mark£t
The diarfty are also planning to devdop a better pmisKtn f￿ dlsaL4ed dlsa(fvartaged ywrKJ ￿0p￿, as
well a5 Inueaslng the nL￿ber of Icdges aTrJ cr&itirwJ an ed￿atronal dassYo(xn.
They are also Iwkjng to develop a structure witNn the siafflrvJ Iwejs aThl matth sldls cape￿I￿leS to
match a thvdopment plan as well as c(xwldaUng c(*e LxL5ine55 and co# c(wtrols.
The gxuts are an organlsatlon that the C￿0￿e$ vAth In athl￿) thdr Ob￿
The d￿rtty Is grateful for the unslirrting effort5 rf tts wlxs are Involved In assISd￿ the
MaIntenan￿ team, assiqting at events and yThner a(tNlbes and swrt of Scout Grw leaders. It Is
mated 4,050 *pre prothl thTlro the yw.

Walesty Forest
forthe Ywr Ended 31 Decemkn 2024
OBJEcfivES AND ACTIVITIES
Fund-raising Standards Intornh￿IoTr
The Trust* are committed to falr, aNI Ipen furx1raisl￿ ar¥J strlve for Nghest
stsndaryls. Walesby Frt is aTrentW urwlstered wth Fun(hi&NJ RwAator, and has not to date
agreed to be btyjnd ty the Ng)ILmtsry F￿￿jralSlrYj Prthnlse.
It Is wllcy of tharlty to have b) wrtect ￿￿n￿atrIe CMmsts￿es.
Wale5by Forest (be5 not sPwe ￿ sd dats wlth trlrd their marketlw b
Durfng 2024 the thartty wcxlod wlth one ftwKtralarwJ c(*wli3rt wh)15 a member of ts tharterEd tnsbtute
of hJndralsIThJ. The tharlty MO￿tors ts acilth rf the (￿￿j[￿rt In order to malntsln hlgh
standards and agree any 4xJroathe5 to fuNII
rolsd by thlrd
In deodlng C￿ the actiwtks ¢5 the th￿￿ty, tN5te85 have rtsJa￿l to a￿rtty COMMIS￿th guldan
Ilc benefit
ACHIEVEMENTS AND PERFORMANCE
Detslb of athievwmts can withn ts Qkiinnan's Chlef Ex8thve's

Report olthe Truste89
for the Y•ar Ended 31 De£4M1￿ 2024
FINANCIAL REVIEW
Hnanclal p)sltlon
2024 has a very d*lldwlNJ year for Waw Fcfeg as made tts flr* amual defidt In
years. Wlth a comblnaYon of fij￿Ird1￿ng belr¥J d￿¥n on ttE wvllous year a￿1 unforeseen costs In relat￿ to
utIIIYes (electrkity) bdtYJ COnshJ￿a￿ t1￿ pknTrRd. ￿ th• end*1 wsth an ¢Jefftit of
£57J)14.
The ec(xvnlc duTINJ the star has conljrn￿ to be dkn, with mary visltix5 r¥)t twrhJ
the dlsp05able income as we have seen In previ￿5 year5 and S￿ary 5perKI a¢7055 ￿ board
sjffering. It 15 through this rtthLKthn h Sec￿ WKI tINat ha5 primartEy aff&tsJ fund osirNJ.
We also had chall￿ge$ vlth OLr utilltles dLMing ￿ year. Followirnj a s￿￿$fUl w￿￿de to the
swppty to the slt< we f(￿d due to rE•Y nkn￿, to trangtion to Brlysh Gas Buslness. T
gjbsequenty n￿Ved our tariff, wNth res￿ In a cost r￿le￿ fr(4n tw(hJet of some 200%. Wh115t we
thls wlth the omtXKimn, were In a redLKed tsrtff Lrtll tt* of
tre year and have to weather IMW on hkjher elthdty cost&
r ftKX&S Inio 2025 VAI recov￿ of restr4*S and a new re￿ ha5 been establlshed. Thig
wll be eSsen￿al as we lo)k to hve5t kn f￿￿re years to malrtaln ewand the slte. We are also tsryeting
a thange In the management of our osh ilchv, *lly for ttE 'out of seas￿, morths. reducing
our rellan￿ on deFosIts. Thls P￿￿deS a rtrallgnment of ￿ finandal nTr)del arxl Imwove5 our k)ro-taryn
sustaInabll￿.
flnandal drth has ben a ￿gnIfi￿rt to Ixxh the leader4Mp team arn1 our day to day
fI￿1ndal ar￿ commerdal marwjem￿* We ertha￿ed the managem&tt around financial forecastlry
the Intnxluction of the Hnartt Comnltiee has er￿L￿ rnLYe trnnsparerLy and greater visibility of
trends and results cffl a rnrA)th-by-rrMxth ba￿%
So, whllst we have had a (hala￿ fir￿ja￿V, we have made shjnlficart sirkles In the rkJF
eNlrom*nt fvr fubxe year&
Our foojs as we rr￿ ir*o 2025. wil be to esiaNth rn￿e at Walesby to supplement OLf fuTh
ralslrvJ and to allow us to pthde Servi￿ ft* thV*Ix￿ rf Iwg pwple at an affordabte cosL Thls
11 t*come a key part of our anTh￿l to tr* CO￿n￿ed success of the charlty and to
prov1(* the sustslnth base to drfve ImprwEnts In ddrRJirKJ our tharitaL4e c4)Jethve&

Wal4* Forest
Report of the Trnstees
forthe Year Ended 31 Decembw 2024
FINANaAL RE￿Ew
Reservts poll¢y
It Is the pollcy of ￿ Certre to malrtaln LWestrI￿ fiJKts, whlth are the fr* r￿£￿e5 of the ￿tre.
. to cover admlnlstrdljon, fvThSral￿[Nj wtv#t cnsts v•ittNyA Ythd) ts Catre cC￿d fiJncJion,
. to provlde fiJTrJs whlch be to $￿C tnJ&ts to ￿al￿e tse to be Lllmlertaken at slKJrt
no￿￿.
The Trustee5 It prudent tht ttE lIq￿l assets rf Ihe fwAls mairtht*d at a
levd wfflaent
. to cover the f6xed costs of Centre thro￿]1￿ of the year seascA￿l Income Is kjw,
- to cover the fixed costs of Certre Wh￿ Inoxne Is IntaruEted due to (k￿MStan￿5 out of bwr c(thl.
d of Ith￿ assets Is Thonit(ThJ a￿1 ttE Tr￿ on a Q￿rtety ba￿5 arnl at 31
Decern￿r 2024 y￿re consldered equlwa1￿t to 5 of fixed ca*s The vlewed thls as
satisfactory.
total bala￿e uwe*rkted resuves at 31 Dec￿ 2024 £825,585 {2023 - £878,979), of this
E35,000 (2023 - £35,000) rdates to deggnated fwKls to fadlltate the rOacema* and rnaIrtenèn￿ of the
frdcllltles wlthln ￿￿tre. Avall3lk ￿erVeS wlich ex(kKle tsThJlble fixed assets and designated funds totsl
a defidt of £437,018 (2023 - sj￿[￿ of Q9,LYa).
total bala￿ of restri¢tsJ fiJr¥ts at 31 DeLYfi￿ 2024 was £fA,148 (2023- £67,768) thls relates tj) work
to be can1ed out on the slt&
Opwatlng cortlngew ash re¥eTve$
Follo￿ng the Impatt of the pan(knnic and the ￿￿t￿al to the ￿ of ary future unplanned impa(*
the Trustees have agreeAI th& a fom￿[ cash rvJerve of £I35,1X￿ Str￿1d be malntalned to P￿de
M1￿muM of 3 montlL% (4)erath￿ cost Lrver at pdnt in th
Whi15t at eThl of thls fln0t￿al year the osh reswNES fal st¥xt of ts taiye¢ ￿ Is inteTrJed that we
a￿￿nLE tv 8dd to these reseNes WItt￿n the next fina￿{al year to tr* agreed target a￿1 will be
malntslned froffl that pdnt fcn•ffird. A w formal resm p)Iky wlll ￿ e5Labiished In 2025.
FufvRE PLANS
Detalls of plans for future ￿ on i* f(Mmd vKthln ￿ Chairnwn% aNI (J￿f ExwJAtlve's rwt.
STrUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
charfty is contrdled by ￿ 9)vthTrJ (k0￿ a degj of trLtst ark1 ￿nstit￿￿ an Mln(xJJpc*ated
ctsrity.
Page 7

Walosby Fornst
Report ofthe Twstees
Year Ended 31 Deoymbw 2014
srRucfvRE, GOVERNANCE AND MANAGEMEpir
Wate5by Forest was fotWKled a corEUtthron a(kptal on 2 FthRry 2012 arnl amended cn 3 May 2012.
The charfty is an unlrmrp)rated trlstr, It reglstaEd as a tttarfty m 21 May 2012 ur*ts tharfty number
1147348. of the T￿J*￿, are In the Legal and
Adminlstratlon Informth.
The Chlef Exe￿￿Ve offi￿ ha5 day to day Ma￿erfal r4M￿￿b￿Ity for the slte both operaljonolly 4rbJ
financlalty, together wlth the doirman he has strab)￿ accoLrtabllty has ￿egated authortty to
appmMate Ilmlts.
EM￿0y￿S (xnrrt alti￿lse th* (V••n expfft5 (r pty cath fk*ts, ttr￿ wrtLSt be apkThEd ty eltr*r a Ilr
managtt w an auth)ris&l pusrm.
Ihrwjes ts Cred￿ carlts, IrKlwttw Iwrits mt6t authcwl*l ty the d*lnna
Amis lew trdrthtth)ns Induding to kmvm a&sodates, frlents or famlty mLtst te authorfsed
Chld ExeaJtt* offi￿ rA {￿irman.
As we trdnsuon Inio 2025 the charfty be a fornwl rthy of ks cor&ltulon In IltR tts
de51re to move to an TncxxF*Jratd (Ikirity new {]• Commtsslon gLIdelIr￿.
appolntment of Trust*s Is s* (¥Jt In a￿$tJ￿￿th. Ttw ¥e brlef6J on all asrects of tharity by
the Chalman and wl)ere apFrflcabie ottw TrL&ees prfor to apw4t*m
ganI￿til￿mI
The Trnstee5 are vdunteus with Wvlate wlth the Ex￿, Swetrary aThJ
Tr￿tee5 from aty of Notbngham D15blrt c￿11 make up maroGemnt commItt￿ who m*t
quarterfy. Trust￿5 wlxj have S￿ed the pthl Ir￿e are sd out vthin the legal
arKI admlni5trative infc*7naVon.
Key management personnel
key manag￿ent personnel corryrtses of fAry Lawle EXeart￿ Offiw), Carf Whtt&
(Operatlons Dir&tr) and Nkda Tews(KJ (FInan￿ Dlrectrf). PJI perso￿1 pay apart from the Chlef Exsjjtive
Offt(Er ts the ranurwation tommltlÈe is made up (l A￿￿re*v LLKzko, Aa5tair Luff, Davld
HoskFns aNI Guy Laurfe. The tjief ExenAfve offl￿ w15 deterniiwj ty Davld Hl￿e¥ and Alstslr Bow to
avold any Lunfiltt of Interest
remLW*Trtlon ccrfnmltt* annL• In authn a￿1 make r￿M[￿End8￿c￿Ls on pay Tlses and
b)nuw to the b&ird of Tnts In Novemter tnjstees have the final say whether to
acrept the recommendatk)n& Bon￿￿ are paid In foikwru the year the year eTxI marffigement
accourts are comtAeted; any w awanls c(Yne Into fcfi2 In A￿11 for tsx ￿.
Risk n￿nag￿nent
The Trustees have examln&l the major stra* iyL4rEs5 arml opeTrti(￿aI r15fv3 whlch the CEntre fa￿ and
confinn that systsms have been e51ablished to enal* r8Jular rep)rts to be that the
r￿cesSary Sty czn ￿ iaken to lessth ttE rfsL&
REFE￿ICE AND ADMINislliATIVE DEfAns
lieglstered Qarity number
1147348

forthe Yar Ended 31 De£ern￿ 2024
Prlndpal addrws
Wale* Rffest
Brake Road
Walesby
Newark
NG22
Trustees
D Fh)sktns
R HIkIng￿ (reslgned 611212024)
D wil￿nson
G Jones
J Ram91en (re4gne(171812024)
A L(Kzko
D Huyjey
D Ankrett (appotnted 221212025)
followlNJ Trustees knld tiue to kYoFty be￿￿￿1￿j to dkylty at trE reFWt aw¥nwdl date:
D Huxley
V4
Audittsr6
Mabe Allen LLP
ststLthry Audltors
9) Osmaston Road
Derby
DEI 2HU
Sollcltors
Kn';ghts SolidtU5
Embankment H(A
Elethc Avern
Nottlngham
NG2 IAS
Bankers
Naoonal wtsbllln￿er Bank Pic
9 Churth Street
Mansfield
NotbNJham
NG18 IHP
STATEMENT OF TRusfEES' RESPOIISIBILMES
The trustees are responsible prepariro the Amual Rerth and I￿ finwKlal statdnents In accorthnce byth
appilcable law and UnTted KiNJth)m P￿lthi Star￿(L8 (Unlted fAHally Acceptgj Accwnyny
Pr3¢t1￿).

Waw Forest
tor tho Year Ended 31 Detwnbw 2024
srATEMEpif OF TRUSTEEV RESPONSIBJLrrIES. axrtlnued
The law applw2ble to tharities in ErrfJlaThd arml Wales, the Oorftjes ILt 2011, Charity (AcTrunts Reports}
Regulations 2008 and p￿S1{￿S (rf the tnL5t deed r@pdres ts tnLStee5 to rKepBre finarKial statements
for each finandal year Wh￿ glNE a bwe and falr of the state of affalrs of tf* charity and of the
IrKoM1￿ resour￿ and atvtl¢2tbn c( re50Lrn. the I￿ aThJ eXPw￿￿re, of the clHrfty for
that perf(Kl. In preparkng ttK)se fknaThial ststawts Intst￿ a￿ req(Ir&1 to
. select &ltable acrountiThJ policles atKJ then appty thwn ccn4statr,
. observe the method5 and prlndrAes Charlty SORP;
. make JL¥Jgements arktt &tstr* that are rthsonable aThl
. State whether appllcable aC£￿ntIng sianthr(ts have be￿ ft4kw*A, to any materkl dqJartLres
disdosed and explalned In the finaThJ￿ Statements;
. prepare flnaTrdal statements on the Wrwj c(¥Kern ba* ￿lesS It Is hwrvDwrate to pres￿￿ that the
charfty wlll conuwe In buynes
TIE trustee5 are reSp￿SbIe for kee￿ng r￿0￿15 dlsdose Ylth rEa￿ble a(ruracy
at any tlme flnarxial posbon of the charity to Y*m to ensure that finanaal Statements
comply with the (hriknts Act 2011, the (harity (PKc¢xwts aThJ RepoFts) Regulation5 2008 and the pThiiorts
of the tn￿ deed. are alg) responslbje for 5af9JLkirdlr￿ the assets of the thrity ￿K1 hen￿ for ta￿ThJ
reasonable steps for preventim arbj detedim of fr&KI and rther ir￿dan￿e$.
)proval by order of tre t*)ard of tristees - ... ................. ... ...... .
... on Its b*lf by.,

Rewt of the Indep•thrt Al￿￿or9 to the Trust￿
Walesby Forest
Oplnlon
We have audlted the fln￿(7a1 Stat￿Nts of Wale5by Forest (lthe 'chartV) for y&ir eThled
31 Decemiw 2024 whlth comprlse the Ststefftht of FinarLial Athiks, the BakrKe Sheet, the Cash How
Statement and notes to flnanckil Statements, indudtNJ a ￿ry of sgnlficart accoMVng prAldes. The
finandal reportlrKJ framew(*k that has been apptled In th* weparaU(￿ Ls awllcaL4e law United
Kingdom Accounting Stsn¢krds {UnW Gwally AcceFtsJ JLt£xmtiNJ Pr¥tts).
In our oklnlon tr* finaNkl Statem￿$.
gfve a tNe wjd falr vlew of the state of the tsrws affairs as at 31 De￿ber 2024 and of tts IrKomlng
ra￿￿r￿ ar￿ apdthtKsn of res0￿￿$, for the year end&l;
. have been property prePa￿d In aco)rdarKe Lknlted ¢￿￿allY A￿ptaI A￿-(A￿lng Prath￿;
. have i*en prepw&l In accordarKe wlih r￿￿ranents rf ttE (harities A(t 2011.
Basls for oplnion
We conducted our audlt vAth tntvnationa StaTrJards ￿ Athlyrg (UK) (ISAS {UK)) arKI
appllcabte law. l)Jr res￿)￿lI11ftIeS Ih)se *arKlards are deSryt￿d In the Auditnr
reSpor￿1b1lltIes for of ttE flnaThthl ststemwts sth of our re￿rL We are Ind￿ndent of the
arw In a(￿rd￿n￿ with the eth1& reqLlrerrEnts thot are rel￿ant to aL￿1t of the tlnandal ststements
In UK, Ind￿lir￿j FRCS Ethkal Stsndanl, aTrJ we have fvNled our other ethl(xl responslLilitie5 In
accordan￿ wlth these requlremerts. We Wieve that eVKI￿ we tove obta[￿d Is sufficient and
ap￿)p￿ats to prO￿e a basts for opinion.
Conduslons relating to gokng concern
In audidng the flnancid 5tatetv*trts, we cor¥Jud8J tlkit ￿ tru5tees' Use of the gdng concem ba9s of
accounung In the pwratlon L*tl* stateffl￿ Is
&3*d on the Work we ha￿ Fthed, Y￿ love nct IdenIffi￿ ary mat￿1 uncertalnties relaljng to ever*s
¢x condmors tha( Indi￿dullY or cd1ectbve￿I, rw cast s￿￿cZnt (hxA)t d)ariVs abit￿Y tD Q)ntlnue as
a goiTVJ concem for a perf￿ of at least from the fi[kir￿JaI statements a￿ authortsed for
Issue.
Ow r&Y)n￿bIllIjeS and the re$r￿Sli￿rItIeS (l the tJUSttts vlth rw to g￿rwj c(XKtm are descrfbed In the
levant sethrms of trds rewrL
Other Inforn￿tIon
The tnjstees are re5ponsbi le f(K I￿ othw Infvmiatkn. Tr other Infwnatson COm￿e5 the InfOrMa￿On
Incbjded In ts Annual Repo¢ ots ￿ the f￿rnal statanents and (w Rem of the Independent
A￿JItOrS ttwe
OLr oplniM on the finandal ststermts (knes mt LXW the ¢)ttw arNJ. except to the extent
Othe￿ explldty ststed In our rwL ￿ do eoFess form of asgjrance ther8)n.
tn COnn￿￿On with ow aud￿ (rf the ffi￿la[ ststaw*s, (u rwslbllity Is to rwl oth* Inf0m￿tIon
and, in so, consder wl*her •Ythtr ErthTrwilc￿ Is rnaterIa￿ incor6lstent with the fin￿Ck￿l
statements or our knowledge obtalned In or (rtlvvlse appear5 to be Materfal￿ misststed. If we
Idenfjfy such materfal Inconsskndes or appar￿t matertal mFs*aterr￿ts, we a￿ required to detem)ine
whether tNs givts rlse to a materfal mlsstaten￿t in fi￿n￿al stat￿nert5 them*tves. If, based on the
work we have perfomed, we cOrKj￿Ie tFHt t￿re Is a matrthal mlsstatement of ttys other Inf0rn￿tio￿ we
are WUlr￿ to rwt that fact We have to rwt in 1Ms re9￿.
Matters on whlch we are rnulred to rewt by excey
We have T¥Jthing to In respett of the fthY]ThJ matters where the ¢J)arftles (Acoyrt arKI Reports)
Regulations 2008 requlres us to rew)rt to ff, In our (Wnh)n:
the Infombatlon glven In of its TnL*e5 ts I￿￿45tert in aiy rnaterlal reyct wlth the
fI￿￿la1 statenEnts; or
. sufficient ?￿oUn￿￿ records hahE kerk: or
the finandal state￿￿t5 a￿ Tr)t In agreem&tt wSth ￿cOl￿ng r￿rdS retum5; or
we have not receved all ￿ InfomNali)n exsknnations we ry11￿ for our a￿lt.
Page 11

Report of the Independent AudllDrs to th•Trusteas of
Wale5by Forest
As EAplalned mcre fulfy in the Statwnert of TnJ*eg ReSF￿"b1kn.e5, ts I￿5(￿eS are re5fftble for the
eparalJ)n of the finarKial Statern￿ vknlth gfve a trLE aTh] falr Mffiv, for iTtsnal contrcl as the
t￿Stee5 det￿ine15 necessary to enable the of finaTrJal statern￿ that are free fr(Mn mablal
preparfr4J the tlnaJNJal statemerts the trLL*es are r*ble for asses4ng the at￿lIty to
o)ntlnue as a gotng ￿ncern, dlxloslrNJ, 35 arvtlLzble, matt¥s ￿lat￿ tL) goitvJ c￿c￿n aTha usfng golThJ
con￿rn ba5[5 of acccxjnung unless the tnjstees Intthl to liqu*JaiE the clkirlty or to wse operaU(
or have rL> reali*Èc altsrnatfve Ixt to th so.

Report of the Inde￿dert Audltyxs to the Tru4teu ol
Walosby Forert
Our responsibilities forth• audlt(rf the Ilnan(ial Stateff￿ts
We have been appointd a5 a￿l￿OrS ￿der Seclk)n 144 of the P£t 2011 and ryrt In acthrda￿e
<)Jr objects are to obtakn reason&)te al￿ the flnatthl statements as a whole are
fr￿ from materfal mW*m* Wheth￿ due to ftaLxI or to ￿ a Repcrt of the Inde[￿t
Audltors that Endl￿5 our o￿nion. Reasonatde a59JRrKe 05 a IN￿ of ass￿an￿, but 15 not a guarartee
that an aud￿ I￿ndL￿ted tn KcorrJaKe ISIS (iK) alw detett a materlal MISState￿ wF*n It
ex15ts. MtSstat￿nts can aTtse from frd￿ or etT(Y cnnside￿I materfal If, I￿1vIduallY or In tt
aggregate, they could re¢U)nably be to the ecomnlc dedsion5 Lrf users takn on the
s of tlw fina[￿￿1
The ext￿tt to ¥thlth wr pyr￿￿ ￿ capaLle of detecllNJ fraud ts d&aed below:
In I￿ntIr￿Tr3 and assesslrKJ of matqlal ThIS5t￿ In trr8JLlarfYes, I￿lUdIr￿ fraLKI aThJ
no1￿coMplI7￿Ce laws anrl regulatiors, Y•E aysidered tt* following..
. Tr nature of the Indlty arKJ s&tor, c(thl e￿￿roNnert a￿1 iR￿nets pthMWn￿ Ind￿1r￿j tsryets fvr
IrKome and s￿￿uS.
of frregJlaMUes;
. Any matters we IdentifieL1 havltvj olxalned ￿ re￿&9 the ￿￿￿t<S dorJJmertstJon (rf thelr m)l￿e$ and
pr¢￿jure$ relaUrKJ to:
. Idenufylngi eValUaU￿ afxl c(Thpknng wth laws ￿er wffe aware of 8ry
InsianTrs of n￿-COMpl1an￿, InclufirMJ arry to ttp D* Ftotectl¢)n Reg￿atIOnS or ￿bery A(t
2010.
. DetecdThJ reswndiw to the rlsks of fr￿￿1 V4*thr ttry of aTV &bJal, $(ts￿
or alleged fraLKJ'
- The intemal controls to mltygate r15ks (rf frdLxI or rKTr(￿￿larTr vth laws and r&Jdailons;
- Tr matter5 dlxussed am(ry the a￿lt e￿agernent team at¥1 hdLAJlng relevant intemal lax speciallsts
regardlrKJ how and where fraLkl in the firoFvJal stateM￿ts and any potential irKii(3tors of fraud.
s a result of these prtKedwe5, we oywdered the opt#YtLmlties and Incenb*s that may oNlst wlthln the
cfjmpary for fraud ￿ tdentified the gre3test EKJt8th1 fv tra￿1 In trE a￿lIty of managem￿￿ to manipulate
revenue rEcoJnTLioN In CoMn￿n wlth an audi15 Utts IS4s (UK), we are a150 rts]￿red to specific
procedure5 to reskK)ThJ to ts rl&k c( owth.
We also obtslned an UnderStsnd￿ of theI￿al a￿1 ruJAatory frdNRw(*ks that C(￿panY C￿a￿ In,
lo￿$1￿ on prnm￿on5 of those lav+5 a￿1 regUlatior￿ had è dIr￿t effeLt on Its ￿tem]InatiOn of material
amounts arKI dlsclosures in the financlal $￿te￿￿t& The key laws arKI we 03nsldered In thls
rDntext the Charltle5 SORP aThl FhwrKlal RepxtiFKJ &arKkrd 102.
In addltion, we co￿dPJed ￿n5 of other laws a￿1 regLdat1o￿ that do not have a dlrect effect the
flnandal statemerts b￿ cnMpik￿e vAth whlch may be thr￿larr￿ to the char1Vs atAlity to operate or to
avold 8 matsrfal perk4ty. These Indude Tr fA*ral Dats Prot￿￿On Regu￿On5, the Bribery Act 2010 and
Health an(i Safety pc4ae&
Audlt Response to Rtsks Identified
OLr procedures to WCAKI to klentifi&l attye Indude I￿ folbwiThJ:

Report of the IrKlependent Audltors to the Trustees of
Walesby Forest
Revlewirmj the finandal statements disck)5ures a￿1 testitVJ to supwrting d￿ume￿￿tiOn to assess
compliar￿e wtth prowsb)rns of rdwdrt laNv5 r83ulatic4)s descri￿ as having a dirert eff&t on the
finandal statemerrts:
- Enqulring of managemwrt and dIrett0￿ concuning attual arnl pjtenlial litvJatKM a￿1 daims;
- Perfomiing analyifcal rKc£edU￿ to tdentify any unusual or relationships that may IndiG*e risks
of material m1sstatsn￿t due to fraud:
- Readlng minute5 to meetlngs of tIKlSe chary8J with goverN9n￿ revlewing rekvant oYres￿nden
from reJulatory bodles.
- In addressing the fraud rfsk in revenue reccrfJnltk)n Y* have testal a sample of income recorded in the year
through agreement to the relevant sales tern￿ aNJ c￿lItIOnS and bank statements. Additionallyi at an
analytical review level, we develo￿1 an expertation of the i￿(￿ne with refere￿e to our experien￿ of the
client and discussions on the r￿JnItIon arKf voktilty of i￿OnE in ￿ year . and
in addressing the risk of ft7ud thrfAJgh management ov￿ri￿e of contro&, te5tiThJ the approprlateness of
Joumal entrie5 and other adjusthRnts' assessINJ wlwther the jUdg￿nts made in maklng accounting
estimates are indicatNe of a potentlal bj'as. arKI evaluating the buslnes5 ra￿rIal of any signiffcant
transactions that are unusual or outshje the rKYmal course of bu51r￿.
We also communlcated relevant Klentified laws and regufatiws and wtential fraud ri5k5 to all engagement
team membets and remain alert to any indicatlons of fraud ￿ non-comp1[an￿ with kiws and r￿julationS
throughout the audit.
Because of the Inherent limitations of an a￿11￿ there is a risk that wfll Trjt Iktect all irregularitie5,
induding those leading to a Mat￿la1 misststanent in the fiThandal statements or non<ompllance w￿h
regulatlon. This risk increases the MO￿ that cOmpl￿n￿ v￿th a law or regulation is ￿MOved from the events
and transactlolls refiected in the financial Statern￿ts. as we will be Iw like￿ to bec£rfne aware of instan
of n0n<omplian￿. Ihe risk is also greater regarding irregukrtiie5 occurrlNJ due iD fraLwJ rather than error,
as fraud 5nVo￿e5 intentional cOn￿l￿nt, for￿ryI ￿￿{￿SK￿, ¢￿￿on or mIsrepr￿tat￿)n.
A further desulptlon of our reSFonsibilities for the a￿JIt of the firor#ial si3tements 15 IC￿ated on the Financial
RetX)rting Council's website at www.frcorg.uklaLwJitorsresp)nsililrtie5. This thuiptlon form5 part of our
Rewrt of the Independent Auditors.
Use of our report
This repK)rt is made 9)lely to the dkritls trustee5 as a Lxwjy, in ￿C0[￿a￿e wlth Part 4 of the Charlties
(Accounts and Reports) Regulations 2(￿. Our aud￿ work has t￿n U￿lertaken so that we mlght state tu the
charity's trustees ttr￿ matters we a￿ ￿uIr￿ to state to t1￿1 in an auditors, report and for no other
purpose. To the fullest extent WMIt￿ by kw, we do not W or ￿ume rw>nsibilty to anyone other
than the charity and the charivs tnjstees as a toty, for our a￿lIt th, for this ￿port or for the oplnions
we have fomEd.
Mabe AIFen LLP
eligible to act as auditor in terms of
sectlon 1212 of the Companies Att 2CQ6
50 Osmaston Road
Derby
DEI 2HU
Date:
Page 14

ststan￿rt of Financlal Acll¥lU
the Year Ended 31 December 2024
2024
2023
Trtal
funds
XNCOME AND ENDOWMENTS FROM
Donatlon5 and kgades
10,544
16,144
1I03
Charitsble actlvl
Mlxed aimplng
Camp Fees and P£tM
119,rn1
764,594
2Y3,099
178,697
812
119,780
764,594
253,099
178fi97
812
145?52
,720
147,576
222,216
Anclllary s￿c£s
Charltable acuvltles OA5
Other trBdlw actimtles
Investment SnccAne
Other Income
i￿￿73
1.518
14.638
108J73
1518
I4￿38
252,195
9,TL7
3,233
L452,055
1,457fi55
1,562,822
EXPENDrruRE ON
RalslrMJ funds
96￿3
96￿3
123,563
Charitabk a¢Uvltlos
ChaTltsble )thfttes 0]
1,401393
9220
1,415,613
1*,597
2,463
Tatal
1.505,449
9,220
1514,669
1,487,160
NEf INCOMEI(EXPENDrruRE)
{53,3g4)
(3,620)
(57,014)
75,662
RECONCILIATiofi OF FUNDS
Total fund5 Lyought fr*wanl
878,979
67,768
946,747
871,￿5
TOTAL FUNDS CARRIED FORWARD
64,148
889,733
946,747
Page 15

Wal* Forest
Bjlance Sheet
31 Decunber 2024
2024
2023
Tthl
Tangible assets
1227AQ3
58547
1286,150
stocks
17
17,749
84,453
95,975
17,749
84,453
101,575
13,748
436,516
251fi61
Cash at ba￿£ a￿1 In haThl
5.&JO
203,777
701,925
CREDrroRS
Amourts falllng wthin one ￿7r
19
(327,41n
(327,416) (347,404)
NEf CURREKfASSEtS
(129240)
s.￿1
(123,639)
354￿21
UABIimES
I.￿,363
64.148
1,162.Sll
1,237,185
CREDITORS
Amwnts fallkng due after tlkin
(2Urn}
(272,778) (2SYJ,438)
64,148
889,733
946,747
FUNDS
UTYesblcted funts
23
825,585
64,148
878,979
67,768
TOTAL FUNDS
889,733
946,747
flnandal staten￿ts w￿e appn)vd BO￿ of TnJstees ￿ ault¥Jrlsed for is5￿ on
16

filr the Year Ended 31 December 2024
2024
2023
405,124
(224,855)
Net (ash prwld&l tyl(wl In) orwatlThJ
405,124
(224,855)
Cash flows from Inv¢8dng acUvHI8s
Purthase of faWble fLxd assets
InteTest re￿h￿d
(518,945)
1,518
(167,930)
9,T27
Net c35h In In￿s￿r0 aLtMtles
(517.427)
(158,203)
Cash flow$ from flnandng a¢tivltleB
Bank Interest pa￿ on loans
Loan repayments In year
Capttal repayments In year
(21.349)
(15,323)
(I,iii)
(17,069)
(9,598)
(1,112)
Net In flnarKlw *tvitles
(37,783)
(27,779)
Change In osh and cash
equlvalents In th¢ reportkng p￿"Od
Cash and cash equivalents atthe
beglnnlng of thé rnportlng
(150,086)
(410,837)
251,661
Cash and (ash equlvalonts atthe
ond of the reportkno wlod
101,575
251,ffi1
The notes fonn part of tP￿ finarKlal
Page 17

Notsx to the C•sh Flow Statomffit
forthe Ywr Ended 31 De¢•nbw 2024
RECONCIUATION OF NEf (EXPENDrnIRE)IIIICOME TO NEf FLOW FROM
OPERATING AcfivITIES
2024
2023
Net (expendliwe)Ilncome for the rep* p•lod (as p
the Ststement ol F1Th￿da1 Acllyltles)
(￿,014)
75,662
Depreoatlon
Loss on of r￿ed assets
irterest recdved
Irterest pakl
{In(￿seYd￿a$e In stodG
Deueasel(increase) In debt(*s
Decrease In credknrs
114,126
I￿33
(1￿18}
21
(4,IXII)
352,063
121,214)
85,525
(9,n7)
17,069
849
(350,492)
(43,741)
Net provkled byl(uqad kn) opwths
405,124
(224,85¥
ANALYSIS OF CHANGES IN NEf Dwr
At 1.1.24
Cash I7￿ At 31.12.24
Not cash
Cash at bank arKI kn hand
,661
(150,M)
lo1￿75
251,E61
(150,{￿6)
lo1￿75
nance l&%e5
Debts failing due wtthln l ye
Debts f41irrfJ due after l year
(97,129)
{15,586)
(IY,420)
I,iii
(1,227)
16,549
(96,018)
(16,813)
1177,8711
(307,135)
16,433
(29),702)
[55,474) (133,653) {189,127)
Pap 18

Notss to the Flnanclal staton￿t5
forthe Year Ended 31 Decembw 2024
ACCOUPMNG POUCIES
Tre financkl ststements of the charity, whlth Ls a wbllc under FPS 102. have b
prepared In accordm Cha1ties 9)RP (FRS 102) 'A£(o￿lI1VJ ￿ Reporljng by Cttarlttes:
ststem￿t of RecoM￿￿nd￿ FTrtt1￿ appficable tr) d￿r.th5 mittiThJ thelr accumts In ac(￿rda￿£
wlth the Ananclal ReFrfJrtlrwJ StaKlard aptlicabte kn the UK aTrJ Reputit of Ireland (FRS 102)
(effecuve l January 2019),, Fnandal Re￿￿ng 5tsrnlard 102 Tr Fknèr￿al Rep(MYng Stsndard
appllcable in the UK ReputdÈc of IretarAI' the (harities Att 2011. The finandal statements
have been prepared uTrltrthe Nstorlcal cost
Waksby Forest Is a reglsttted E￿larKI. The athlre55 1* reglstered Offi￿ Is In the
tharity Infonnauon on page 8 of trEse firkiTrJal statewls Tr rkith of the charty's 0￿7￿On$ and
prfnclpal Is that of an advty ￿rtre.
The dwrlty constitutes a publlc t¥￿fit as ty FRS 102. The fEnandJ 51atements have
been In accorrkrKe wlth Acctyjntiig aTrJ RewrtirKJ by Char]Ues: Statement of
Recommende(I Pradke aFvlIc￿Ie to thiritie5 tryarfng thelr ac£ounts In ￿X0rdarfft vlth the
nancFal Reportirvj Sa￿ar(s apwllcable In the UK Rewtdlc of Irdand t55u&I In OLtober 2019, tF
Fits9￿la1 ReportirKJ *￿ard appllcable In the UnW KlnJlom aThl Republic ¢A IrdarKI (FRS 102),
Chartttes Act 2011 UK Gerydlly Pa*J Pr&il
The finarthl stBtthsts are wepared ￿ a ￿lThj (y)rw3n Èods the htstorfol o)5t conventk>rb,
mo(lfied to Indude certain Ite￿ at falr val￿. siatth*nts we in sterllng whlth
Is the funcuonal oJwerLy (l the d)arlty arwj rrAJrthJ to nearest L
The slgnfi(2nt accoLrtlng pcAlaes applled In p￿p￿a￿an of finandal ststanth5 are s& o
below. These psldes have been on¥stattly apylid to all years wes￿1 U￿eSS othe￿e stat8J.
Funds
Unre5trictsJ fuNts a￿ a4rdHatk tr use at trt of the truSt￿S In furtFRrantr of ts general
obfrdves ofthe thatlty vthth Ixve d*l￿ta￿
Deslgnatsd furKts comprlse fijrmls tt¥3t haNe be￿ s& a&4Je trust￿ tr partKular
purpose
Restdtted fijnds are fiNKis are to te in sfvfic restrlcUc4)s imposed by
dorx)rs or whith have bew rdlsed by tt* d￿rty for partk￿r The o)5t of rdlslng aTh
adnlnlS￿ng suth furts ae agaAst wfic fund.
Income
All Incoming resour￿ ￿ ind￿je￿ in tre St￿￿ of Flwtsl ActNities when the tharlty ts legalty
entitled to the inc(Yne ats ary pthrnwn￿ coTrthbors beem amcyjrt can ￿ measurfAI
reliabty and It Is pr(thble that the Incorre vill ￿ ￿1￿1.
Inccffne from charliaLle acuvltfes 1ndl￿5 i￿￿Me earned carnp camp
caterlngi waWeaves recelved and t*P￿ne ￿lIveS FYoM&d. ItKtthe is In excharvJe for
ITKome from trddlng adfvitie5 Ind￿leS Income &im&l frwi ￿ld￿e sales to rdlse for the
chaiity. I￿on￿ Is recdved In exdw gcKrf15 ￿¥j Is r£rwlsed when entitternent has
occurred.
Investment income cunprtses tMJikllrwJ ￿]ety arnl ba￿ Intere5L Inwme s rw[S￿ WF￿ the
interest has beg) eanEd.
19
c￿UnLEd...

Wale6by Forest
for the Yoar End¢d 31 De¢wnbw 2024
Accouf4TING POUCIES.
All expeTrlth Is aco)urted f(r an aC(n￿[S bats has beth dassllled headlngs thèt
Jate all costs rektyd to the category. is rwLs8J where there a 1gJal or
consbuthe ￿lIgatIon to pa￿n￿ to trdrd partle5, It Is probatle that 5etttematt ￿11 be
requlred and the amwrt of ttE obllgthn can Mea￿ed relkLty. It b otejryised urKkr the
followlng IkadlrKJs:
. Costs fA raising jFKI￿ si(Kk IxjrdH￿ ftr aThl ots costs of njntho the
provthre;
. EXp￿ttl￿ cffl dwrltabte acty¥lties atxl rnthnan￿ of the ￿te ar￿ (zmp
aciivities, tr7n5p￿th￿0n and caterfrKJ wrttose&
Suppot costs ￿ those that a5* the WLvk of the (hartty txrt th Th7t dIr￿ represent charltsLle
acljwiks and IrKJude offio cwts. g0veYna￿a costs pwll CL*s. They are IncunEd dkectFy In
SUPP(rt of expenditu￿ ￿ the d)Mts of trE dwlty. Wha? gjpwt costs onnot be dlrecdy attrI￿ted
to partiadar headIn￿ they have alkotal to the cfist of ralslrvJ fuThls and expamllttre on
tharftsble acbvlti& cn a basls wlEh use of Ips0￿
I￿et(MeratIe VAT Ls chargejj as an e)4)m agalrst the ¥•tkh &w￿lture ar(Lse.
Thngible fixed assets
Depre(lathJn Is pro￿￿ at the rdtes In ￿der tD Wftte ¢)ff eath as*t over tts
e511n￿￿ Lsefvl I
ethdd p¥opwty
g leasehold
Ilant and mad)irey
Fthires aFMI fltbt
Motorvehkle5
- 5% - 20% o)st
stra￿ Ilre w 93 ￿rS
. 33% on cnst
10%- 33% on cr
25% M cost
Ta￿l￿e ffxed assets are initklly meaaJrèJ at cost aThJ measfftd at a)st or valUatJ￿,
of dewe(latton and any Impairment losse5.
The or loss arfsErKJ on the dIst￿l of ￿ ass& Is det￿In￿ as ￿ dIfferen￿ between the sale
pr(x£eds the ￿tyng the as4 is tharged to 5X￿t or los
At each reFthrKJ pej1(￿ WKJ thaty the aww)unts of ￿ tar¥JIb￿ assets to
determlne whettEr there Is any IrK1fCat￿ that lJTh assets have SLffered an Impalmwit loss. If any
th Indlcaljon &sts, the reL0ver31￿e amwnt of asset Is ealmated In order iv det&mlne the
extent of the Impalmient l¢)ss (If any). it is ￿t kK6slbte tJ) thate the recoverdble amunt of
an kndlvldual asse¢ the company esljmates the raj￿￿1￿le aMo￿t rf the to
whlch trt as*t bdongs
R￿0Verable an￿Jrt Is the hlgher of falr cost5 to sdl In u*. In aSS￿r0 value
in LL%e, the e5tJmated futwe cash Ilows we to I￿1r prewt value Lslrwj a pr&tsx dlscount
rdte that rdlett5 current market asse5rnts (rf ￿me value of arKI rt*s sp￿C to the
asset fr￿n whlth the estlmats rf fijth ITrMs haNE adj￿.
If tFE rKoverable aTh￿rt of an awt Irff urmt) is e*imabJ to be less than Its
carylNJ amount, the cany1rs amount (l ts asset (or ca5￿&*n￿￿ting unlt) Is ral￿e￿ to Its
r￿￿able amounL An ImpalMi￿ loss 6 r￿niSed Imm&JLatdy In profit or h)ss, unles5
reknnt asset Is ￿nIed at a anwiL In vth (35e Impalrmgrt loss Is treated as a
revaluatbon de¢Jeas
c(￿tInUed...

for th• Yeor Ended 31 D¢cankn 2024
AccouKfING POUCIES. contlnwd
stoths are valud at tr* low and n& realtsaLqe aftw maldng due allowan￿ for
obsolde aThd skx¥ movir(
Taxatlon
IrrecoveraLle Val￿ tsx ts to tr* otegjy of to wNch tt rdatrs.
As a reglstered tharlty, Wal* Forest ts erljtlgj to certaln tAwn￿l0￿ from corpordtion tsx on
proffts fmm 1wtrn￿ts arKI trading ackn carrEd ￿ In fvrth￿￿n￿ of the choriV5 prfmary
obRdlves. WhwE rel￿￿￿t exempuons Je ￿t avallable tradlng a¢￿￿￿e5 ￿ orrled M outside
the charitV5 prtmary obJ8ts ￿ doe5 inar cOrrAyatt￿ tax. Cctsts are recorded ￿ of
VAT as the charity Is able to redalm a of VAT pald, of its tradlng adfvttIes, usln9
￿rtIa[ e¥ernpti￿ melhd.
Trade and debtU￿ are recognlsed Inlllaliy at tra￿artIon Prf￿ less attrlbutsl￿e transactlon costs.
Trade and ob*r CTedtb)ts are rwjr1￿1 Inttlally at transacvon plus attributab￿ transactlon
c<sts. SubseqLErt to Inibd rwitfon ttw are meawreJ at anN)rtlsed cost U51[￿ the effettlve
Interest method, less any los*s In the (Me of trade debtors. If the arrangem8rt
consvtutes a fln￿al tran&idkin, f￿ IF Is (￿e￿ed LwuKI norn￿1 b￿ne$S terrns,
then It Is nkasured at cl (UThintsJ at a martet rBte of I￿1njment
for a sirrlbar dd)t In*rumenL
Cash at and In hand
Qsh at bank and In hand In(kn cath aTxI In￿ a short Ma￿rtY
of three months or less from the date of arquisitknb or of ￿ depAt or slmllar accoLrt
The (harlty owates a defiwl a)ntr[l￿n p￿S}￿ c£rtrib￿(rtS payable to the dTariVs
pension are dwrged to wofit ￿ kJs8 In to wF¥(h fdate.
CRTTICALAccoufmNG JUDGEMEiifs ATID KEY s¢xIR￿ OF EsfiMATION UNCERTAIKrY
preparaty￿ of flnarKlal stato￿ts r￿lre$ mark1w￿rt to make ￿tImate5 and a55umptlons
that affect the rewrt&J of as*ts liatiitie5, dISdo￿re of wntlrgert assets and liabllitles
at the date of tl* flnana& statemerts rep￿1 ￿lJjnts d revenues and expenses durtng
the rernyttng perlod. Acb￿l ￿lts may dlfv from these esiknates under dlff&Ent a5sumpl*)ns BMI
condlitons.The Judgenkrts, eslknts Jxl a8sumptlons vthlch have a wrnficant dsk of cau5tng a
matsrtal adIknstM￿t to ttE casrying rf a&sets aThJ Ilabllides are In rela￿0Th to spwffc a￿5
indudoj beh)w:
assets are being constnJcteAI, initlal (Hthisatlon of co* Is based on managemenvs Judgmnt knt
tethrKal arKI economlc feas1È411ty is orfimHI, LtSLMIty Wh￿ a proptt has reached a defir
mllestone acro￿1￿ng ts) an astakAished date of compwion. In dthrn￿n￿ the amounts to tE
ca ￿talISed or If nece55ary Impai￿d, Thana￿￿t also makes assumptksns arKI estÉmates rEgardkng
the expth fjjtU￿ gen￿?￿on of rhe assets a￿1 the e>pecbJ Fwlod c( knefts.
21
conttnued...

Walesby For¢•t
Notss to the Hnandal Statements. contlnued
forthe Year Ended 31 Decern￿ 2024
CRrrIcAL AccoupifJNG JUDGEHElf(S AIW KEY SOURCES OF EsfIi4ATION UNCEirrATpirY
- Conllnued
¢￿ty has de￿￿ of Ilxal assets In Fts fThndal Slatane￿ requlre
managernert b) rrtake Jlty￿ts coTh* Ufe of and residual Val￿S. The
judg￿nents are basal ￿ a wnbltwtlon of &uip wlldes. l)Lstori(al eJwiaKE and othw reaSon￿e
factor&
DONATIONS AND LEGACIES
2024
2023
DOr*ts0￿ arKI legades
Glft ald
14,790
1,803
16,144
I,￿3
OThER TRADING ACTivrriES
2Q24
2023
SkEdal e¥ents
108,373
2Y2,195
XNVEsfMEKr INcop
2024
2023
1,518
9,727
INCOME FROM QIAiifTABLE AcrivrrI
2024
2023
Mlxed campthg
CanWrwJ
Camp fees and ac￿eS Camp Fees aThJ I4JJ
Catsrfng
CaterfThJ
utllitles
Analiary
tllary
Walesby shop
dliary se￿ceS
Camp fees and ￿tr￿AtIeS ikntsble JJvfiUes cv5ts
Iittes
119,780
764￿94
253,099
19,828
74,368
84,501
312
145,3Y2
780,720
147,576
22,987
84,831
114,398
1,316,982
1,295,864
o)nttnued...

Walesby Forest
for the Year Ended 31 2024
OTHHi IfKoME
2024
2023
Othw In0￿e- InsurdrKe dam
3,263
11.375
3,233
14,638
3,233
Dur1￿ year, grants of £IIR75 were recewj fnTh ￿ Faming Reco¥ery Furxl as SUPPrt for land
affecteAI by fI￿dhig wet w￿. are rn unftlfillgj cms￿On5 or o
x)tlnpMks attach&1 to thls grar
RAISING FUNDS
Oth¢rtrndlng acuvltles
2024
2023
Retsll and bar o)sts
Stsff costs
nJ4
24249
93,912
,651
96,593
123,563
CHARITABLE ACTIVMES COSTS
Dlrect
Costs (w c(6ts (see
te io)
rnte 11)
Totals
¢JwrftstrAe actmtles co*s
593,811
821,802
1,415,613
10. DIRECT cosrs OF CIIARITABLE ACTivrriES
2024
2023
Elthltyl gas & Y4ater
Su￿r￿s
136,978
20,396
62,285
9516
84￿20
13220
30204
89,264
86,123
25,111
(1,236)
9,003
74,968
11,859
35￿7
86,082
140,028
85,525
Rent
sa￿tratIOn
Sts transpOrtau￿ * tlart
Acuvltles & wrts equlpm
Caten'ng cctst of sales
Event athues
De￿￿latknn
114,085
593,811
553,3Y)
dge 23
contknued...

for the Y•r End￿ 31 D•cwnts•r 2024
11. SUPPORT cosrs
Totsls
expende
ClwttslAe aists 769
1463
2,463
821W2
I6￿38
33￿20
I6￿38
1463
33,320
824,265
SuFWt co#s, Irxjuded kn the at*￿, are as foll(A¥s:
2024
2ff23
acti￿tIeS
Trtal
i￿￿￿e5 athfles
Wag6s
In￿ran
Tdeph)ne
Adve￿￿r￿j
682￿15
32,603
33￿9
20.132
682,013
32,6￿3
33,81Th)
20,132
672,410
27,501
28,334
26,772
9,971
Loss on sale of *lble tlxa assets
FlnaKe costs
Tax on non-Pt*n¥y trale
AccountarKy
Audit
Legal and profeSsI￿al
1,087
IS￿38
1,087
I8￿38
28,150
2,153
18,523
12,644
2,153
18,523
3,342
9,669
463
821P)2
824265
810,247
TMisfEES REMUNERATION AND BENEFITS
Th¥e were no truste* r￿ratth or ott*r a)tkd 31 Decemiv 2024 for
the year ended 3] Decanbw 2023.
31 December 2023.
13. sfAFF C(MS
2024
2023
Wages salarte5
gjckl securfty costs
Penslon ccsts
633,080
44,250
644,029
34,791
The averdge rnontNy number of thrfrvj ¥K5 as fokvts:
2024
2023
Charltsble actmljes
raI￿ng
Page 24
continL*d...

Walesby Forest
ft)r the Year Ended 31 Dec¢mbw 2024
1% srAFF COSTS. conllnw#l
40
avuage ￿lcOUnt cl (knirwj tt* ￿ was as follows:
2024
21
2023
16
24
Fu1141me ernploy
Part.ttn* ern￿oYeeS
The full-tlme eqlivaknt (FfE) nmilxrof star ￿d$ as ft41￿.
2024
32
2023
30
Full.Ume WAWa￿ ￿0yeeS
There was l (2023: 1) staff Tr￿ nThxe than £6),0(Xl ln Ood, with ￿￿OIUments
falllTr3 bets¥een £60,0￿- £70,￿0 per {2023: t￿W￿ £70,IxIO. £80,0￿ per annuml
14 TAXATION
Analysls of the tax <*arye
The trx charge on profit for the prwas as follows:
2024
2023
Current tsx:
UK c(yFrf)ra￿M tsx
Re¢ondllatlon oltotsl tsx chorye Induded in fkHncial actlvtd
The tsx assessed for the year tIN4n ts &JKlard rate of c(Ywrath)n tax In tIE UK. The
dIfferen￿ Is *lned bel￿￿.
2024
2023
Profit ￿ tradirvj actfvitks the d￿r￿S Ixriv)
Proflt multiFAled by the staKlard rate of crKp(*3tIC￿ UK of 19%
Effects of:
Expense5 not d￿￿¢thIe tax Ixrpxtses
1,959
total tsx tharge
contlnLEd...

Walesby Forut
for the Year Ended 31 De￿nts 2024
15. COMPARATIVES FOR ThE STATEMENT OF FIMANCtAL ACTlllll
un￿triC￿ Restsl(led Totsl
Is
funds
fwvjs
INCOME AND ENDOWMEr￿S FROM
Donaljons and legades
IB)3
Charftsble acuvlileg
Mlxed Camptng
Camp Fee5 arnl N£tMtles
145,352
780,720
147,536
222,216
145,352
780,720
147,576
222,216
Ilary s￿Ces
252,195
9,T27
3,233
252,195
9,727
3,233
Irwestrnent Inci*Yt
1.562.822
1.562,822
fAPENDrruRE ON
Ra5slng fiJnds
123
(i)
123,563
chartts￿e aCt￿l￿e$ ￿$ts
I￿54,319
1,363,597
1,477,783
1,487,ItiJ
NEf INCOMEI(EXPENDrnIRE)
85.039
19,37n
75,662
RECONCtLIATION OF FUNDS
Totsl finls forward
77,145
871,085
TOTAL FUNDS CARIUED FORWARD
878,979
67,768
946,747
contlnued...

Forert
for the Year Ended 31 DKember 2024
I& TANGIBLE FIXED ASSETS
Frthofd
Long
asehokf
Hant and
machlnery
cosr
At l January 2024
dStlms
Dlsposals
I,1￿,494
484,861
(2,478)
I￿jK
67,Tr5
{7,828)
At 31 Dttemtw 2024
1,642,877
iio,orAI
59,917
DEPRECIATION
At l January 2024
Charye for year
Elimlnated on dIsp￿1
470,659
82,659
(2,478)
I2￿11
I,iii
501
(7,828)
At 31 December 2¢y24
13,982
59,655
NEf BOOK VALUE
At 31 Dece￿n￿r 2024
1,092,037
96,0
292
At 31 Dec￿tser 2023
97,129
hldes
Totals
cosr
At l Jan￿ry 2024
Acklittons
rAysaLs
343,237
34J)84
(100,615)
7,445
4688,951
518,945
(110,981)
At 31 Dec￿)b￿ 2024
276,646
7,445
2,0%,915
DEPRECIATION
At l January 2024
Iybarge for year
Eliminated on d15t¥Jsal
252,101
28,484
(99,342)
3,674
1271
,287
114,126
(109,648)
At 31 Decemb¥ 2024
181,243
5,045
810,765
NEf BOOK VALUE
At 31 Decemter 2024
95,403
2,4IYJ 1,286,150
At 31 D￿mber 2023
91,136
3,771
882,664
Induded In tIE ath)ve are l￿d mder firhyKe leases ￿ Nre wrthses uJrtr*s. Leasehotd
pro￿rty iKluYes depreciation of £1,111 (2023 - £1,111) b)* value of £96,018 (2023
£97,129).
27
(ontlnued...

fr•r the Yaryr Ended 31 December 2024
17. sfocKS
2024
2023
17,749
13,748
I& DEsro￿. AMIXIKfs FALUNG DUE wmixN ONE YEAR
2024
2023
Trade k*btors
VAT
711
872
19,467
416,177
83,742
84.453
436,516
19. CREDMMS: Amouiifs FALUNG DUE wmizN ONE YEAR
2024
2023
Bank loans aNI overdraft5 (see mte 21)
Hlre purtha* (* rK*e 22)
Traée ¢Jeditor5
Taxa￿ arKI 5￿ty
ottw ￿￿lItOrS
16,813
I,iii
42,747
13,366
S,379
15.586
I,iii
51,593
9,142
269,972
327,416
347,È104
The flnarKe lease In sectyal the as*ts tD It rdates. Tre bark hjan Is ￿ul￿Al over the
a￿ets OfU￿ tharty.
Induded ac(nA* are [￿s1On5 totallry thl (2Q23 - th1) that have artsen due to a
constructNe ot4igalJon to n￿Ints1n the starnlard of
tnduded In ots cr8Jkn Is rf £195,406 (2023 . £239,718) wllth reSatLs to éew)stts
rec* for caryjs to be hekl li futLre ye
CREDrroRS'. AP40UNTS FALUNG DUE AFfER THAN ONE YEAR
2024
2023
Bank loans (see note 21)
HirE wrdk75e (see note 22)
177,871
94.9)7
194,420
96,018
272,778
290,438
CO￿l￿jed...

Wplegby Fora5t
Notas to the Flnandal Siat¢mwts. c•nt
for the Year Ended 31 Dec*mbw Z024
LOAIIS
An analws of the rnatt￿ty (* b gim bth:
2024
2023
AM0￿ fallirvJ d￿ one dana￿1.
Bank bans
16,813
15,586
AMo￿ts falllrg L*tween one a￿1 yW5:
Bank k)aTrs- 1-2 years
17,952
16,600
Amounts falllng (kn betsyw two aThJ ￿$."
Bank h)ans- 2-5 year5
60,926
Arnoutts falllng dLP kn more than fve ys:
Repayable by instslments:
Bank b)ans m(Ye 5 yr by Irtsl
Hlre wrthase contracts
I21,[￿3
91,574
189,456
212,637
21 LEASING AGREEMErirs
Minimum le￿ paWn￿ts fal th* a5 folkms:
Hire [Kwtt￿e cortracts
2024
2023
Net obligatiors repayatde:
Withln Or￿ year
Between one and fve years
In more than ￿r5
I,iii
I,iiJ
90,463
96,018
97,129
Pknn<ancdlai
atlw leases
2023
2024
Within one year
Between a￿1 flve years
In more ihan fve years
4,5C
18,000
366,750
18,C
371250
389,250
393,750
PasE 29
contlnued...

forthe Year Ended 31 De¢wnbw 2024
MOVEMEKf IN Furws
At 1.1.24
In fvnds
31.1124
General fund
Deslgnated . Lake Rep* Fw
843,979
35,(rtXI
(53394)
790,585
878,979
(s3￿94}
825,585
Kemp L(
Tree WanUrKJ
Management Van
Caterlng Bam
alm￿ng Wall
2018 Lodge
Tollet Blc(
Robln Hood ￿lte Roof
All Terraln &ke
28,274
895
(6.670)
21,604
2,838
5,249
14,400
3,354
5,749
15200
(51KI)
(8¢XI)
(250)
(500)
(S￿)
4mO
3,5)0
5,flJO
67,768
13.620)
fA,148
TOTAL AINDS
946,747
(57,014)
889,733
Movem￿ In fund4 IrKI￿ In as fkn.
In(￿￿￿j Resotxtss Mov￿￿nt
reS0￿CeS eynd
In
Unr¢strfcted funds
General
1,452,055 (I,X)5,449)
(YJ,394)
Kemp Lodge
Barn
Climling Wall
2018 Lodge
Tollet Block
Robln Hrjjd SLite Roof
All Terrain
(6,670)
(5C(J)
(800)
(250)
(500)
(500)
(6.670)
(500)
(800)
(250)
(500)
(500)
(9220)
(3,620)
TOTAL FLV4DS
1,457,655 (1,514,669)
(57,014)

Waksby Forn
Notes to the Flnonclal *temeffjts. cont
for the Year Elld￿ 31 December 2024
MOVEMENT IN FUNDS- contlnwl
Net
Transfers
At Ll.23
In ft#Y15
fuNIs
3L12.23
General fuMI
DeslgnateJJ- Hedge Fur
D￿gnats￿ . Sherwo¢Jl Lodge
gnat8J. Lake Walr Rxxl
767,826
L217
24W7
85m9
(8,886)
(1,217)
(24,897)
35,000
843,979
35￿00
85,039
78,979
Restricted fwHI$
Kemp Lojge
Tree plan￿￿j
Management Van
Catering Bam
c1lmt￿ng Wall
2018 Lodge
Tollet Bknck
Rthln H(*xl Sjlte R￿)r
(6,670)
(105)
(52)
(500)
(8CrfJ)
(250)
(S￿)
(5(Xl)
28274
895
2,838
5,749
15,200
3,604
7,208
4.000
6,249
16,C
77,145
(9,3TI)
67,768
TOTAL FUNDS
871,(￿5
75,662
946,747
C(Mnparatlve r£t movmrt in f￿¥j5. In tre atrmwe are as fdlovo:
e¥pend￿ In furmts
Unrestn"Lted fvnds
Ge)wa fund
i.￿￿22 (1,477,783)
85.039
ReAtrldd funds
Kanp Lcrtlge
Tree Hantlng
Managemert Van
Catering Barn
Cllmblng Wall
2018 Lodge
Tollet Blod(
RoLNn Hwd ￿lte Rcd
{6,670)
(105)
(Y2)
(￿}
(81J))
(250}
(5W)
(500)
(6,670)
(105)
(52)
(500}
(800)
{250)
{500)
{500)
(9,37n
(9￿rn
TOTAL FUNDS
156202 (1,487,160)
Page 31
convnwj...

tho Year Ended 31 D¢wbar 2024
A currentyear 12 morths and fv y￿r 12 mLYth Is ￿ f(410￿.
TrdfLS￿S
At 1.1.23
In fints
nds
31.12.24
G￿ra1 fuTrJ
Deslgnated. He￿e Fun
Deslgnate(l- sherw￿j Lc*e
Deslgnated- Lake Rq)alr Furnl
767,826
1217
24,897
31,645
(8,886)
(1,217)
{24,897)
35,LKIO
790,585
35,OLKI
31fft5
825,585
Restri£ted funds
Kwnp Lodge
Tree pfants
Managern￿t Van
CatertrwJ Bam
aimblng Wall
2018 Lodge
Toilet Blo(k
Robin Hood Sulie Ro(
l Terrain Bike
(13340)
(105)
(¥2)
{1￿))
(1￿))
(s￿)
(1,(￿)
(i.OLYJ)
21,604
2,838
5,249
14,400
3,354
6,249
16£
3￿54
7,708
77,145
(12,997)
64,148
TOTAL FUNDS
871,085
18,648
889,733
A currert year 12 aNI fv yew 12 monts cnn￿￿ned net nNMment In fv￿ls, Inth(kd In
alx)ve a￿ as fdkrtNS:
I￿1r￿j R￿Ur￿ Movement
In fiJTrJs
General fijnd
3,014￿77 P,983232)
31,645
Restr1(*￿ funds
Kemp Lixlge
Tree HantlThJ
Management Van
CatrxSng Bam
aimblng Wan
2018 Lodge
Tdlet Block
Robin Fh)rxl gjte R￿f
All Terrakn Blke
(￿￿40)
(105)
(52)
(1,000)
(1,600)
(500)
(I,coo)
(I,ooo)
(13,340)
(105)
(52)
(1,000)
(1,600)
(S￿)
(I,ocM))
(I,cK]o)
(12,997)
TOTAL FUNDS
3￿20,471 (3,001￿￿9)
18,648

Wa]esby Forest
forthe Year Ended 31 December 2024
EMPLOYEE BENEFrr OBLIGATIONS
separately from tFb)se of the in ￿ tK1epefMJath admirtstered fu￿1. The pens(￿ C05t ¢Jwge
repre￿nts contrfbuljors par4Lle try the tharity iD tr* fijmt amt amc￿lted to £17,513 (2023
£17,241). CMtrEbutkKts totdlir¥J £3.144 {2023 - £5,CQ4) were payaLle to ttE f￿1 at the batance
sh￿t data
RELATED PARTY L>ISaOSURES
IhThnas Bow Umlted Is a rdated party a5 A Bow, a Thstee, Is a dlrthr of that compary, Durkng
year end&1 31 December 2024 the aThl gocds amoLrtlng to £8,154
(2023 - £829) from WalegSy To￿$t, and maknals amoundng to £83,230 (2023 - £lm7) to
Walesby ForesL At 31 DeC￿bff 2024 aEd￿[S Ind￿￿￿￿ an aMo￿t Of £nl (2023 - £517).
Nottlngham Cqjrdon Trknwtlal Tr￿t For Buys Ar#1 Glrts 15 a related pty as D￿d Huxley and Jean
Ra5nsden, Trustee5. ￿e a19) Trust￿ of that dwty. D￿r￿j the year e￿I￿j 31 De￿ber 2024 tt
chartty donated am￿nts totslllro £2.{￿ (2023 . £5.1)Xl} iD Waksby F(*esL
aty of NotUn￿M Sc(Kft tX51Jict Is a rdatsl party as Da￿d Hlr￿ey, a TnL8tee, Is a Trustee of ttmt
chadty. LlJr1ng the ￿ er)d& 31 D￿rnb￿ 2024 £IIA95 (2023 - £16,2&)) of wages rewng to
Nasts Beaton were Pr￿esSed on W• Forest p3yrdl retharoed to the fharfty.
ILTIMATE CONTROLUNG PARTY
The Centre Is CCT*mllal by the Tn&es
27. KEY MANAGEMEp¥f PERSONNEL
Total for key ma• wa5 £165JM4 (2023 . £135,461).
Page 33

Wal* Forert
for the Y￿r Ended 31 Doc•nbw 2024
2024
2023
INCOME AND ENDOWME1￿5
Donatlons and loy¥lqs
DoTh3tr(ns arxj legades
Glfc ad
14,74J
L354
1,803
16,144
1,803
Wal events
108? 73
252,195
9,727
Camp fees and aLllthe5
Caterlrg
Mlxed caM￿ng
LIUIMes
764,9)6
253,099
119,78Q
20,328
74,368
84,501
7￿$,720
147,576
145,352
22,987
84,831
114?98
Walesty
1,316,982
1,295064
ot￿r Inc¥¥me
Other Income - Irts￿an￿ dalm
3,263
11,375
3233
14,638
3,233
Totsl Incomlng
1,457,655
1,562,822
EXPENDrnIRE
Other tradlng actfvitie5
R*il expenses
Bar & cost of
Wages
1,856
70,488
24,249
6,327
93,565
23,651
96,593
123,563
Charitable actirfrties
Eethdty, gas & water
Sundrfes
site MaIntenan￿ and developmert
Rent
Sanitstion
Carried for
136,978
20,3
62,285
9,516
84,020
313,195
86,123
25,111
(1,236)
9,003
74,968
193,969
This we does ￿ form of the stabJi4y flrh2rthl statan

W*sty Forest
for the Year Ended 31 December 2024
2024
2023
Charltable actlvltl•
Brought forward
te trdnsportation a￿1 plart
ActNtUes & sports 8]uiwnent
Caterfng cost of sles
Event athilies
Depredauon of tsrKJl)le ftsl as*s
313,195
13,220
30,204
89,264
33￿3
114A)B5
193,969
11,859
35,887
B6,082
140,028
85,525
S93￿11
553,350
Support costs
Managernart
Wages
Insjran
Tdephone
AdvertJi
Sundrles
L055 on sale of tangltrAe fixal assets
682,0
3W3
6rd,410
27,501
28,334
26,772
9,971
20,132
769fi44
Flnant•
FInw1￿ costs
38
28,19)
Taxation
Tax on norpwmary ptJpose trade
Accountsncy
Audlt
Legal and fvlo
2,153
18,F23
12,64
3,342
9,669
4,098
33,320
17,109
Total res0W￿ e¥pended
I￿14,f￿9
1,487,160
Net (eXpendI￿re)lInCrrfThe
(57,014)
75,662
PJJe 35