Charity registralion number 11575701England and Walesl THE DAWS HALL TRUST TRUSTEES. ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE DAWS HALL TRUST CONTENTS Page Trustees, report statement of trustees. resw)rsibltbes Independent examinevs report Statement of financk21 activ¥lies Balan sheet Notes lo the financial statements 7-13
THE DAWS HALL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financiat statements for the year ended 31 March 2023 The finanual statements have been Pfepared in accordance wrth the accounting policies set out in note 1 to the financial slatements and compty wrth the trusvs goveming document the CharrtS Act 2011 and "Accountr"ng and Reporting by Charities. Statement of Recommended Prattti applicable to charities preparing their accounts in accordance wtth the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021" leffethve 1 January 2019). Objectives and activities The Charity was established under a Trust Deed dated 6 September 1988 with the following obj'ectives.. To conserve and protect for the benefft of the public and the environrrEnt as a whole, the land and waters around Daws Hall. To establish a nature reserve and fiekl study centre to house natural history specimens. with a view to advancing the education of the public, and school children In parb"cular, in the sludy of wildlrfe nature conservation. Following a review by the Trustees and thwr legal advisors, it was decided that the Trust should convert its legal structure into a CIO at the ertd of 2015. The CIO is (3lled Daws Hall Trust and its registered number is 1157570. These are therefore the second accounts for the Daws Hall Trust CIO. Achievements and perfomiance Significant activities and achievements against obieGtNes The Daws Hall Centre for Environmental educatron, together wtlh our 25 aue Naknre Reserve, continues to offer excellent faulrb.es to school groups. adutt groups and Open Days and reiVeS regular praise from those thal visit. The facilities in our ntre and on the reserve have been further improved this year. The primary aim of all the trustees is to make sure as many young peopte from Earty Years Foundats"on Stage als the way to graduate5. have the opportunity to experience the many wonders of the reserye. to support their education and to enrich their appreciation of nature and the environment. During the year, 31 classes and approximately 820 children visrted the reserve. We remain indebted to the kn'nd indrvhfjuals and Grant Grving Trusts who support us and who are too numefOUS to name. Without their support we woukj be Unab to provide the unique level of educats.onal expenence that we do here at Daws Hall. Sadly. in September 2023. lain Grahame. our founder and t*nefa(knr passed alway. Financial review The Trustees have consrdered the most appropriate policy for invests.ng fvnds and have found that specialist common investment funds, dewgned for the Chanty sector, meet the requirements to generate bolh income and capital growth. The Trustees are satisfied with the perfomiance of the inveslrnents given current market value. The TnJstees have adopted a pO"¢Y on feserves, as follows." The annual investment income is a valuable contributton to the Trusvs expenses but does not cover total oulgoing5 and so funds still need to be raised on an annual bas. The Ttustees, obJ"ecb've is to maintsin serveS sufficient to cover 12 months expenses going forward. Following the grant of planning pem)ission in December 2022 lor a new Educatson Cenlre, wrth its own a¢sS and parking, the Twstees a working to fvlfil the vanous ccndib"oTrs so comMenMent can be made within the requistte timescale. and subject to the nssary finance being raised. Shoukl they be needed, the balan of the reserves is available to enable the building works for the New Education Centre Project to commence. pending further funding from grant applic2tions and donations. Our reserves at 31 March 2024 were £294,421.50. Structure, govemanee and managemgnt
THE DAWS HALL TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees who sewj during the year and up to the date of snatUre of the financial statements were.. TPRCame A W D Garthwaite AG Marsde JBAmos DC Guest IChainnan} KS Holder l Gibbs {Resigned 29 Febntsry 2024) (Appointed 26April 2023) Recruitment and appoinlment of tSte&S Trustees. responsibilities The tnjstees are responsible for preparing the TnBtees' Report and the finanual ststements in accordan with applicable law and Unrted K]"rtgdom Accounts"ng Standards (United Kingdom Generalty Apted Accounting Practice). The law applicable to tharib'es in England and requires the trustees to prepare financial statements for each financial year which give a true and fair vtew of the stale of affairs of the trust and of the incoming resources and application of resources of the trust for that year. In preparing these financial statements. the trust are required to.. seled suilable accouMing policEs and then appty them cx>nsistenUy.' observe the methods and principles in the Charrtres SORP." make judgements and estsmates that are reasonable and pnKlent state whether applicable accounting standards have teen follow&J. subject to any material departu$ disclosed and explained in the financial statements. and prepare the financial statements on the going conom basis unless it is inappropriate to presume that the charty will continue in operation. The trustees are responstbie for keeping sufficient accounting recofds that disclose wrth reasonable accuracy at any time the financtal position of the tfust and enabEe them to ensure that the financtal statements comply with the Charities Act 2011. the ChaTty (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They ale also responsible for safeguarding the assets of the trusl and hen for laking reasonable steps for the prevention and deteCtn of fraud and other irregulatities. The Injstees. report was approved by the Board of Trustees. qL, KS Hotder Trustee Date..
THE DAWS HALL TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees are responsrt)le for prepartng the Trustees, Report and the financial Statements in accordan with applicable law and United KÉngdom Accounb"ng Standards (United 'ngdoM Generally Apted Accounting Practi1. The law applicabfe to chaiities in England and Vkles requiFes the trustees to prepare fin8ncial statements for each financial year which give a tfue and fair vÉew of the state of affa¢rs of the trust and of the incoming resources and application of resour of the trust for that year. In preparing these financial statements. the trustees are required to." - select suitable accounting policres arKI then apply them conststenty: - ObSee the methods and pnncrples in the CharrtS SORP: - make judgemenls and ests"mates that are reasonable and prudent" - state whether applicabEe accounting standards have been foHowed, subject to any mateiial departures disclosed and explained in the financial statsmerits" and - prepare the financial statetnents on the going (j)nM bask8 unless it ts inappropriate to presunE that the charity will continue in operats"on. The trustees are responsible for keeping sufficient accounts.ng records that disclose wilh reasonable accuracy at any time the finanaal posth.on of the trust and enable them ta ensure that finanual statements conply wrth the Charites Aet 2011. the Chanty (Accounts and Reports) Regulations 2008 and the provLsions of trust deed. They are also responsible for safeguarding the assets of the trust arvj hence for tsking reasonable steps for the preventioll and detection of fraud ar]d other lrregularrt5.
THE DAWS HALL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DAWS HALL TRUST I report to the tnjstees on my exarniTratxrE of Ihe financd Starents of The Daws Hall Tnst (the tTUSt) for the year ended 31 March 2024. Responsthililies and basis of report As the tlee5 of Ihe charity you are reS)nSl le for the preparation of the fjnanrAal slatewEnts in accordan wrth the requireTnents of the CharÉlies Ad 2011 {Ihe 2011 Act). I feFrf)rt ID respect of my examina1m of the Iwusfs financol statements carrfed ovt under section 145 01 the Charitres Act 2011. In carying out my examinalion I have f01h the Directions gpden by the Charity Commtsson under section 145{SXb) of the Charities Act 2011. Independent examineV5 Statement Your attention is drawn to the fract Uwt the charity has prepared Ihe financial slatements in accotdance with the relevant version of the Ststement of Recommended Pffacaice applicable to charit5 prepating their financial statements in accordance wtth the Financial Repon9 Slandarii appficable the UK and Repubfsc of Ireland {FRS 102) in preferen trj the Accounting and Reporting by Chatities". Statemenl of Recommended Pra(Jice15sued on 1 April 2005 whith is referred to in ihe extant regulalions bul has now been wthdrawn. l understand that Ihss ha5 been done in order for the financFal statemenls to provmje a and fair View in accoTdartce with UK Generally A¢pted Amnting Practice. I have rnmpleted my exarniTtalion. l (j)nfi that no matters the come io my attenlion in connection with the exafnination gtving me cause to believe thal in any materi81 respecl accounlkng records were not kepl in respect of the twst as required by seL*on 130 of Ihe Chafilies Act 2011. the financial st2tements do not arxord with those rerI15. or the financial statements do not 0PIY with the applicable requirements conceming the fom arld contenl ol financial statements set out in the Charitss Wwjunts and Reports) ReguEations 2008 Dther than any requirement that the finanryal statemerrts give a true and fair view. which is not a matter considered as part of an independent examinatton. I have no ccwjcems and have come across no other rnatte in cor]nection wilh the examInatn to which attention should be drawn in thi5 Tewrt in oriler to enable a PFr)per understandiro of the ffinancial statemenls to be reached. IAoore Green 22 Friars Street Sudbury C010 2A4 Date..
THE DAWS HALL TRUST STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDrruREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Unrestricted funds funds 2024 2023 Income from: Donabons and legacies Charitable actiV¥tS Other trading activil*s 58,320 17.389 19.755 48,668 17,364 18,477 Total income 95.464 84,509 Expenditure on- Charitable activities 88,307 105.386 Totsl expenditure 88.307 105,386 Net gainsl{losse5) on investments (5.534) (20,1241 Net Incomel(expendilure) and movement in funds 1,623 (41,001) Reconciliation of funts: Fund balanS at 1 April 2023 334.219 375,220 Fund balanees at 31 March 2024 335.842 334,219 The statewEnt of financtal a¢thtti"es Jndudes all gwns and losses recogniwl in year. AIE im)me and expenditure delive from continuing activit$.
THE DAWS HALL TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Fixed assets Tangible assets Investments 11 12 6.212 294,509 6,733 300,044 300,721 Current assets Debtors Cash at bank and in hand 13 1,135 28.108 38.074 38.916 CredOr5. amounts falling due within one year 29.243 15 (3.795) 11.8011 Net current assets 35.121 27,442 Total assets less current liabilities 335.842 334.219 The funds of the trust Unrestricted funds 16 335,842 334.219 335.842 334.219 The financial statements were approved by the trustees on ..... ¥vi KS Holder Tntstee
THE DAWS HALL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting polictes Charity inf0mtitsn The charity is a public benefft enbty 2nd a registered chanty in England and Wales and is incorporated. The address of the princal Offi is Daws Hall. Henny Road. Larnat5h. Bures, C08 SEX. 1.1 Accounting convention The financial statements have been prepared in accordan with the Chartt¢es Act 2011, FRS 102 °The Financial Repothng Standard applicab5e in the UK and Republic of Ireland" I"FRS 102°) and the Charitses SORP -Accounting and Reporb"ng by ChaTtti"e5". Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Finanoal Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021- {effects"ve 1 January 20191. The chanty is a Public Benefit Enkn"ty as defined by FRS 102. The charrty has tsken advantage ol the provisions in the SORP for chaiities not to prepare a Statwnent of Cash Flows. The financial ststements have departed from the Chartbes {Accounts and Reports) Regulalsons 2008 only to the extent required to Ptovtde a true and fair view. This departure has involved folbwing the Statement of Recommended practi for charth.es apptying FRS 102 rather than the vefsion of the Staiement of Recommended practi which ts referred to in the Regulab"ons but which has nce been wrthdrawn. The financpl statements are prepared in sterting, which ts the fundiona currency of the trust. Monetary amounts in Ihese finanual statements are rounded to the nearest £. The financial ststements have been prepared under the historical cost convention, Imodified to include the revaluation of freehokl properties and to include investsnent properbes and rtain financial instnMents at fair valuel. The pnncipal accounting polictes adopted are set out below. 1.2 Going ¢oncem At the t.me of approving the financial statements. the trustees have a reasonable expectkn'on that the trust has adequate resou$ to contr.nue in operational existen for the foreseeable future. Thus the tnBtees continue to adopt the going concern basis of accounting In preparing the finanual statements. 1.3 Charitsble funds Unrestricled funds are available for use at the discretion of the tyUs in ffiJrtheran of their charitable objectsves. Restrided funds are subject to spectfic condth'ons by donors or grantor5 as to how they may be used. The purposes and uses of the restn.cted funds are set out in the notes to the financial statements. Endowment funds are subj.ect to speCrf conditions by donors that the capital must be mairrtained by the trust. 1.4 Income Income FS recognised when the trust is galty entided to rt aft@r any perf0miar1 condrf]"ons have been met. the amounts can be naSured reliabty. arKI rt bs probable that income will be red. Cash donations are recognised on receirt Other donab.ons are recognised once the trust has been notified of the donats"on. unless perfomiance Cond"0n8 require deferral of the amounL Income tax recoverable in relation to donab.ons Teceived under Grf1"d or deeds ol covenant is recognised at the ts'me of the donab'on. Legacies are recognised on receipt or otherwise rf the trusl has been nob.fied of an impending distrft)ution, the amount is known, and receipt Is expected. If the amount is not known, the legacy i% treated as a contsngent asset.
THE DAWS HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continued) 1.5 Expenditure Expenditure is recognised On there is a legal or constructive obltgaln tts transfer economic benefit to a third party, it is probaNe that a transfer of economic beneffts wdl be required in setllement, and the amount of the obluation can be measured reliabty. Expenditure is classthed by aclivty. The costs of eadi activity are made up of the total of di costs and shar8d costs, Ind1$n9 support costs involved in undertaking each actyviiy. Direct costs attn"butatAe to a single ac"vity are allocated directly to that acvrty. Shared costs whith contn'bute to more than one actt.vity and support costs whrch are not attn"butable to a sir ath.wty are apportioned between those actvrtEs on a basis consislenl wrth the use of reSoUrs. Central staff costs are alkKated on the basis of time spent, and depreciation tharges are allocated on the portion of the asseys use. 1.6 Tangible fixed assets Tangible fixed assets are initi.alty measured at and subsequenty measured at cost or valu8t1¢, nèt of depreciation and any 5mpaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their resÉdual values over their useful lives on the following bases.. Plant and equipment 25% reducing balan The gain or loss arFSing on the disposal of an asset is deterninwj as the differents betsyeen the sale proceeds and the carrying value of the asse( and is ie¢ogntsed in the statement of financial acbvthes. 1.7 Fix9d asset investments F5xed asset investrnents are inFtialty measured at transath.on Pri exdlxling transacb.on costs, and are subsequentty measured at fair value at eath reporting date. Changes in fair value are recognised in net inme/(eXpendttUre) for the year. Transadion costs are expensed as incurred. 1.8 Impairment of fixed assets At each reporting end date. the Irtt revtews the carying amounts of its tangth assets to determine whether there is any indication that those assets have suffered an nrrf)aimient loss. If any such indication exists, the recoverable amount of ihe asset is estimated in orderto determine the extent of the impaimient loss {rf any}. 1.9 Cash and cash equivalents Cash and sh equivalents indude Ggsh in hand. depostis hehj at call with banks. other short-term liquid investsnents with orHJinal maturrtBs of three monts or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabl1'es. 1.10 Employee benefits The cost of any unused holiday entitsment 15 recTr3nk%ed in the perFod in whith the employee's ServIS are rwEived. Teminalion benefits are rec4)gnised inediatety as an exren* when the tnjst is demonstrabty committed to tenninate the ernployment of an employee or to provth terminakn benefits.
THE DAWS HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legacres Unrestricted Unrestricted fvnds funds 2024 2023 Donations and gifts Grants 47,095 11.225 10,519 38.149 58,320 48,668 Income from charitablg activities Unrestri¢ted Unrestricted funds funds 2024 2023 Ch?rtsble rental income 17.389 17,364 Income from other trading activiti95 Unrestricted Unrestricted funds funds 2024 2023 Fundraising events Income received in provKling educatron 5,975 13,780 8.347 10,130 Other trading actiw"b"es 19.755 18,477
THE DAWS HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitsble activibes H9ading
ac982
2024 Heading
ac982
2023 Diroct costs Wages and salar Employerfs NIC Employerfs Fension costs Bank charges School house consumables Water, Ih* and heat Machinery repaits and servicing Property insuran General expenses Propety maintenan Fuel and oil Bookkeeping and aix(iuntsncy fees Subscriptions offi expenses Depreciation Other charrtable expenditure 75.499 410 1,471 208 8,405 942 1.222 159 1,370 1,787 143 2,479 2.311 222 7,343 401 2,894 254 2.482 2,244 300 2.686 5.399 265 2,071 950 88,307 105,386 Anatysis by fund Unrestricted funds 88,307 105,386 Net rnovement in funds 2024 2023 The net movement in fvNls is stated after Chargin{Crediting)". Depreciation of owned tangible fixed assets 2.071 2,244 None of the tnjstees {or any peFsons connected wth them} received any remuneration or beneffts from the trust during the year. Employees The average mnthly number of employees during the year was.. 2024 Number 2023 Number 10-
THE DAWS HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees {Continued} There were no employees whose annual remunerab.on was more than £60,000. Gains and losses on Investments Unrestricted Unrestricted funds funds 2024 2023 Gainsl(lossesl arising on.. Revaluation of investrnents 15.534) 120,124) 10 Taxation The charity is exempt from taxation on ts activrtEs because all its Incon is applied for charitable purposes. 11 Tangible fixed assets Plant and equlpment Cost At 1 April 2023 Additions 60,842 1,550 At 31 March 2024 62,392 Depreciation and impainne At 1 April 2023 Depreciab"on charged in the year 54,109 2,071 A131 March 2024 56,180 Carrying amount At 31 March 2024 6,212 At 31 March 2023 6,733 11
THE DAWS HALL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Fixed asset investments Listed investments Cost or valuation At 1 April 2023 Addrtions 300,044 (5,535) At 31 March 2024 294,509 Carrying arnount At 31 March 2024 294,509 At 31 March 2023 300,044 13 Debtors 2024 2023 Amounts falling due wtthin one year. Prepayments arbd ac¢nd income 1,135 14 Loans and overdrafts 2024 2023 Bank overdrafts 43 Payable wthin one year 15 Creditors: amounts falling due wtthln one year 2024 2023 Notes Bank overdrafts Other taxation arml soual securty Trade credrtors Accruals and deferred in(x)me 14 43 43 1,338 870 1,836 420 3,795 1,801
THE DAWS HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Unrgstrictsd funds The unrestricted funds of the chanty comprise the unexperKled balances of donations and grants which are not sub5ect to specffic condthons by donors and grantors as to how they may be used. These indude designated fU[S which have been set aside out of unresthded funds by the trustees for specific purposes. At 1 April 2023 Incoming resources Resources expended Gains and At 31 March losses 2024 General funds 334.219 (88.3071 (5,534) 335,842 Previous year: At 1 April 2022 Incoming resource8 Resources expended Gains and At 31 March 2023 General funds 375.220 (105,386) (20.1241 334.219 17 Related party transactions There were no disclos8b related party transactKtrns during the year {2023- 2023). 13-