**REGISTERED CHARITY NUMBER: 1162419** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **FOR** ## **CPRE HERTFORDSHIRE CIO** Wags LLP t/a Wagstaffs Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP **CPRE HERTFORDSHIRE CIO CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** **----- Start of picture text -----**
Page
Reference and administrative details 1
Report of the trustees 2 to 7
Independent examiner's report 8
Statement of financial activities 9
Statement of financial position 10
Notes to the financial statements 11 to 17
Detailed statement of financial activities 18
**----- End of picture text -----**
**CPRE HERTFORDSHIRE CIO** **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST DECEMBER 2022** **----- Start of picture text -----**
Trustees J A McNab Chairman
J Newbury (resigned 1/10/22)
A J Young
P Grant (resigned 1/2/23)
T E Over
E Hamilton
S E Wiltshire
C T Russell
M J White (appointed 28/7/22)
C Trbovic (appointed 23/2/23)
Principal address 31a Church Street
Welwyn
Hertfordshire
AL6 9LW
Registered charity number 1162419
Independent examiner Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
**----- End of picture text -----**
Page 1 **CPRE HERTFORDSHIRE CIO** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** The trustees present their report with the financial statements of the charity for the year ended 31st December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **Objectives and activities** ## **Objectives** The objectives of the Charity as set out in its governing document are to promote and encourage, for the benefit of the public, the improvement, protection and preservation of the countryside of Hertfordshire and its towns and villages and the better development of the rural environment. The Charity is an independent registered charity, and is formally constituted as a Charitable Incorporated Organisation. CPRE Hertfordshire is also the county branch of the national CPRE organisation (CPRE The countryside charity) and is one of 42 separate county based charities which, along with the national organisation, make up the CPRE network. ## **Mission and strategjc aims** CPRE Hertfordshire is a campaigning charity whose mission is to protect, promote and enhance the Hertfordshire countryside. The Charity's strategic aims are to connect people with the countryside so everyone can benefit from and value it; to promote rural life to ensure the countryside and its communities can thrive; and to empower communities to improve and protect their local environment. The Charity aims to: **-** Protect Hertfordshire's Green Belt and the wider countryside from inappropriate development and support communities to have their say on developments and changes in Hertfordshire **-** Promote the benefits of the countryside and our natural environment **-** Work with local government, community groups and other organisations to promote sustainable planning policies **-** Advocate for Hertfordshire's designated areas, including the Chilterns Area of Outstanding Natural Beauty, the Broxbourne Woods National Nature Reserve and the Chilterns Beechwoods Special Areas of Conservation **-** Encourage care of our chalk streams, woodlands, fields and hedgerows **-** Recognise local groups and individuals that work to improve their environment and their communities. Page 2 **CPRE HERTFORDSHIRE CIO** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **Objectives and activities** ## **Activities** The main activities of the Charity are as follows: **-** We operate through the land use planning system, monitoring and responding to proposals that threaten the countryside. We provide support and advice to our members, to local community groups and to the public, encouraging their participation in campaigns on issues that affect their area. In practice this includes participation in the relevant stages of Local Plan preparation across Hertfordshire's ten districts, reviewing planning applications in each of these districts to identify those which if implemented would harm the countryside, and engaging with county-wide proposals such as those for aviation, roads, minerals extraction and waste processing. We have expertise in these matters and maintain a library of reference materials available to the public on our website. **-** We promote the scenic beauty, tranquillity and landscape character of the Hertfordshire countryside in an effort to connect more people with the green spaces nearby. In practice this includes devising and advertising self-guided walking routes throughout the county, giving illustrated talks to local community groups about certain aspects of the Hertfordshire countryside, and publishing a wide range of articles on nature, wildlife and the environment. **-** We encourage children to engage with the environment though our annual Children's Art Competition, open to all primary-school aged children throughout the county. Each year we choose a different nature-based theme and we hope that by creating an artwork the children become more interested in and connected with the natural world around them. **-** We celebrate and recognise the achievements of local volunteer groups and small community-based businesses in protecting and improving the environment in their area, through our CPRE Hertfordshire Awards programme. **-** We participate regularly in various forums around the CPRE network, ensuring the interests of the Hertfordshire countryside are taken into account in policy-making and campaigning at a national level. **-** We conduct ongoing activities to strengthen the Charity's capacity and capability, including fundraising and volunteer recruitment and stewardship activities. ## **Public benefit** The Trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit in exercising their powers and duties. Further information on the delivery of public benefit is included in the section on 2022 achievement and performance, directly below. Page 3 **CPRE HERTFORDSHIRE CIO** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **Achievement and performance Achievements** 2022 was a productive year for the Charity. Some of the Charity's achievements, and the public benefit each provided, were: Involvement in the planning process **-** We participated in two draft Local Plan consultations with wide-ranging impact: both the county-wide 'Hertfordshire Minerals and Waste Plan 2040' and the five-district 'South West Hertfordshire Joint Strategic Plan' proposed extremely high levels of growth and thus correspondingly high levels of development across the countryside, without providing evidence for this. We produced comprehensive submittals and we engaged with and provided advice to local community groups in each of these consultations. **-** We participated as a Rule 6 Party in the public inquiries for two planning appeals that, if allowed, will have very significant and damaging impact on the countryside: Luton Airport's application to increase passenger numbers and operate beyond permitted noise contours; and Enso Energy's application to build a commercial solar farm on 320 acres of productive agricultural land in the Green Belt at Aldenham, on a site crossed by 18 public rights of way and highly valued by the local community for their daily recreation. In both cases we expect the Secretary of State to make a final determination in 2023. **-** We continued to engage with local Councillors and community groups through the final stages of the well-advanced Local Plan in Welwyn Hatfield Borough, and the well-advanced (now adopted) Local Plan in North Hertfordshire District. **-** We screened 17,165 planning applications during the year, conducted further research into 252 of them and submitted objections on 83 which would cause the most harm to the countryside if permitted. **-** We responded to circa 20 inquiries per month from our members and the general public, providing advice on a wide range of land use planning issues. Community engagement and communication **-** The Charity promoted the beautiful Hertfordshire countryside and encouraged more people to enjoy the green spaces near them, notably through delivering illustrated talks to nine different local groups, and through publishing numerous articles on the countryside, wildlife, nature, and environmental issues in Hertfordshire Life magazine and on the Charity's website. **-** In 2022 the Charity published over 154 new content items on our website, which attracted over 20,000 visitors, with 49,000 page views and 5,000 downloads. **-** The Charity's social media strategy continues to be successful in reaching more audiences and driving more visitor traffic to our website. The number of followers on Facebook increased by 20% to 1,014, and on Instagram, the Charity has 1,516 followers, more than any other Local CPRE group. **-** The Charity launched its annual Children's Art Competition in autumn 2022, designed to encourage young children to engage with the environment. The timetable is aligned to fit with the academic year, with winners to be announced in spring 2023. We were delighted that over 100 artworks were submitted on this year's theme of 'Hedgerows up close'. Page 4 **CPRE HERTFORDSHIRE CIO** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **Achievement and performance** ## **Achievements** **-** A very successful Hertfordshire Awards programme was conducted, with four CPRE judges evaluating 25 different local countryside, environmental and community improvement initiatives. The awards ceremony at County Hall in Hertford was well-attended by Councillors and by award recipients. **-** A guided walk organised by the Charity attracted 20 members of the public. The walk, between Welwyn Village and Ayot St Lawrence, was designed to draw attention to a particular development threat on prime agricultural land in the Green Belt. Members and Volunteers **-** Membership decreased by -6.5% in 2022, a net loss of 56 members. This decline is in line with the trend across the whole of the CPRE network, and less severe than that of our comparable 'peer' Local CPREs. **-** Five new volunteers joined in 2022, and four resigned or retired. **-** One new trustee was added to the board, adding breadth to our collective skill-set. **-** Five volunteer newsletters were published during the year, and a 'thank you' event was held to recognise all of our volunteers and staff. Office Accommodation **-** The Charity began work on the refurbishment of our office in Welwyn Village, which requires a new roof, damp-proofing, redecoration and new flooring. Governance **-** As part of the ongoing review of our Governance processes we conducted a skills assessment of the Board of Trustees and identified areas of strength (experience) and areas of expertise that needed strengthening. It was concluded that the Charity has a diverse Board of Trustees and in general they are well equipped to support the work of the charity. Page 5 **CPRE HERTFORDSHIRE CIO** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **Financial review** ## **Financial position** In the period, the Charity had net expenditure of £43,063 (2021: £39,969). The unrealised loss on investments was £31,727 (2021: £32,014 gain), giving a net movement in funds for the year amounting to a decrease of £74,790 (2021: £7,955). The Charity had strong income generation in 2022 of circa £55,000, with donations, fund raising and investment income all showing good increases vs. 2021. Overall income in 2022 is up 20% vs. 2021. As at 31st December 2022, unrestricted funds amounted to £553,981 (2021: £628,771). ## **Investment policy** The Trustees have reviewed and reconfirmed the Charity's investment policy. Principal objectives of the policy are to sustain the value of and thereafter maximise growth and return on the Charity's investments. ## **Reserves policy** Between 2017 and 2020 the Charity was fortunate to receive several legacies, with the result that unrestricted reserves have grown. This has allowed the Charity to undertake a significantly higher level of activity and achieve greater influence and impact. However, with no legacy income again in 2022 (2021: nil), the Charity has incurred an in-year deficit as noted above. As a result of this position, the Trustees considered the Charity's reserves and approved a new reserves policy in 2021. This includes the following: **-** To hold reserves of £50,000 i.e. equal to six months' expenditure plus possible redundancy payments should there ever be a need to wind down the Charity. **-** To hold additional reserves of £100,000 for legal and professional fees should these be required in conjunction with the seven district Local Plans currently in preparation or under review around the county. **-** To spend up to £100,000 on urgently-needed repairs of the Charity's small office in Welwyn and modernisation of the Charity's IT system, both of which will enable much better collaboration among volunteers, staff and Trustees and will improve the Charity's overall effectiveness. **-** Any unrestricted funds surplus to the above will continue to be utilised over a period of several years to enable the Charity to maintain a higher level of activity than would otherwise be possible. ## **Future developments** We will continue with our activities in line with our Three-Year Strategic Plan and Annual Operating Plan. The following activities are of particular note: **-** We will continue to focus our efforts on protecting the Hertfordshire countryside through our participation in the planning process. **-** We will further defend the countryside through our involvement in selected planning appeals and public inquiries where we believe an important precedent would be set. **-** We will provide guidance to local communities and will participate ourselves in further public consultations on draft Local Plans, which are anticipated for 2023 and 2024 in Dacorum Borough, Hertsmere Borough, St Albans City & District and Three Rivers District. **-** We will continue our very active programme of communications and community engagement to build more support for the Hertfordshire countryside and for the Charity. **-** We intend to continue our CPRE Hertfordshire Awards scheme on a biannual schedule, with the next programme to be held in 2024 (having most recently conducted the Awards in 2020 and 2022). **-** We will conclude the urgently-needed repairs of the Charity's small office in Welwyn and we intend to modernise the Charity's IT system, to enable our volunteers, staff and Trustees to collaborate and work more effectively. Page 6 CPRE HERTr)RDSHIRE ao REPORTOFTHE TRusfEES FOR THE YEAR ENDED Jisr DECEMBER 2022 StructuTe* ￿vern￿TrEe •nd mamiement Governln8 document The Charty b constituted as a Charltsble Incorporated Or8anlsatlon and is govemed by fts Constitutlon, which was re8lstered wlth the Char￿¥ Commission on 26 June 2015. Oryanlsatlonal strUC￿re and ac￿lTht•bll1ty The Board of Trustees have overall responsibillty for the Charity and operate a tystem of accountsbillty. This includes the Three Year Stratsgie Plan. Annual Operating Plan. and an annual bud8et. Perlormance is evaluated regularly durfng the year usln8 Key Perforniance Indicators and Ydrlous qualitative and quartltative infomiation. The 8oard of Trustees currently cortslsts of eight members all of whom are dected at the Annual General Meetln& Includln8 the Chainnan, Vlce Chalrman, and Treasurer. They meet fomally at least six times pef year. Day to day operatlons are delegated to the Chlef Executive. who Is employed on a part tlme paid basis. The Chief Executive mana8es the ¢)ther paid staff and Volunteers, all of whom are part time as well. All w4can¢ies for Trustees. paid 5t?ff and volunteers are openly adverdsed. utlltslng specific descriptions that have regard to the skills knowledge and experlence necessaryfor each role. Indu¢tlon tr4lnln8 of newlNst•es New Trustees are provlded with the Charity Commission's Yhe Essentlal Trustee" whkh f(￿USeS on the maln dutks and respon51bilities of the role, alore with CPRE Hertfordshire's Constltution. Three Year Strateglc Plan. Annual Operating Plan. and other documents pertainirFg to the Charity's h15tory and Current artlvities. New Trustees and all new volunteers and staff are invlted to participate In CPRE HertfordShi￿,S local induction as well as an Indurtion by the national CPRE or8anisatlon. New Trnstees are encouraged to vlslt the Charity's small offlce In Welwyn, meet wlth the staff. and become familiar with the Charity's operations. Depending upon the Trustee'5 specific role and interests, addtttonal trainin81s available indudin8 an extensNe curriculum hosted by the national CPRE organisation. Rlsk manaBemert The Board of Trustees re8Utarly revlews m4ior risks to whlch the Charity Is exwsed and implements approprS?te actlons to mitlgate these rlsks. The Trustees and the Chkf Executht completed a govemance revlew In 2022 in accord wlth Charity Commlssion guidance, Includlng a skills 'gap' analysis of the Board of Trustees. One consequence of thls review is to make selected mlnor amendmentsto our constitution, with the approval of CPRE'S natlonal office. Ad(nowladBemerts The Charity acknowledges the asslstarKe that it recelves in Its work from the natlonal offi￿ of CPRE The countryside harity. It Is also grateful fr)r the agslstsnce given by volunteers, members. donors supporters and kKal communlty 8rthJps throu8houtthe c*)unty. 27 2AXS Approved by order of the board of trustee5 On......... . and si8ned on its behaff by: Trustee Pa8e 7 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CPRE HERTFORDSHIRE CIO** ## **Independent examiner's report to the trustees of CPRE Hertfordshire CIO** I report to the charity trustees on my examination of the accounts of CPRE Hertfordshire CIO (the Trust) for the year ended 31st December 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. J E Fox Wags LLP t/a Wagstaffs Richmond House Walkern Road Stevenage Hertfordshire SG1 3QP Date: ............................................. Page 8 ## **CPRE HERTFORDSHIRE CIO** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**43,222**
Other trading activities
4
**3,228**
Investment income
5
**8,871**
**Total**
**55,321**
**EXPENDITURE ON**
Raising funds
**8,850**
**Charitable activities**
6
General
**89,534**
**Total**
**98,384**
**NET INCOME/(EXPENDITURE)**
**(43,063)**
**Other recognised gains/(losses)**
Gains/(losses) on revaluation of fixed assets
**(31,727)**
**Net movement in funds**
**(74,790)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**628,771**
**TOTAL FUNDS CARRIED FORWARD**
**553,981**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2022**
**Total**
**funds**
**£**
**43,222**
**3,228**
**8,871**
**55,321**
**8,850**
**89,534**
**98,384**
**(43,063)**
**(31,727)**
**(74,790)**
**628,771**
**553,981**|2021
Total
funds
£
37,028
2,428
6,668
46,124
7,165
78,928
86,093
(39,969)
32,014
(7,955)
636,726
628,771| |---|---|---|---| The notes form part of these financial statements Page 9 CPRE HERTFORDSHIRE ao STATEMENT OF FINANCIAL posmoN 31ST DECEMBER 2022 2021 Totsl funds Unrestricted funds Restricted fund Totsl Notes FIXEDASSErs Tangible assets Investments i.￿6 1,146 287242 116,¢XrfI 258.969 io 418 418.388 374,969 CURRErirASSETS Debtors Cash at bank and in hand li 314 137P33 314 ia7,933 250 256.143 256,393 CREDITORS Amounts fallin8 due wf(hin one year 12 (I654) (1654) (15911 NEf CURRENT ASSErs 253MI2 TOTAL ASSEf5 LESS CUIIRENT UABILITIES 553.981 553J81 628,771 NET ASSErs 553.981 s5>.￿1 628,771 FUND5 Unrestrfrted funds 13 553381 628.771 TOTAL FUNDS 553.981 628,771 The financial statements were approved by the Board of Trustees and authorlsed for Issue on . and were 5i8ned on its behalf bv: Trustee SE WlC@IlE The notesform part ofthese financlal statements PaBe io **CPRE HERTFORDSHIRE CIO** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **1. STATUTORY INFORMATION** CPRE Hertfordshire CIO is a charitable incorporated organisation, registered in England and Wales. The charity registration number and principal address can be found within the reference and administrative details on page 1. ## **2. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **Going concern** The financial statements have been prepared on a going concern basis. ## **Income** The profit or loss on the sale of investments is calculated as the difference between the carrying value of the investment and its sale proceeds. The carrying value of the investment is the amount at which it was valued at the end of the year, or its cost if it was purchased during the year. Donations and legacies are recognised upon receipt. Other income is recognised in the period to which it relates with amounts being deferred or accrued accordingly. ## **Expenditure** Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT that cannot be recovered. Certain expenditure is directly attributable to specific activities and has been included in those cost categories. The overall cost of direction and administration of the charity, comprising the salary and overhead cost is charged in total to the Statement of Financial Activities. ## **Tangible fixed assets** No depreciation is being charged in the financial statements. The net book value of the assets held, other than freehold property, is considered to be £1,000. Any further incidental assets purchased have been written off to the statement of financial activities in the year of purchase. Freehold property is not depreciated. ## **Taxation** The Charity undertakes no taxable trading activities and as such is not liable to taxation on its United Kingdom income, which where appropriate is shown inclusive of taxation recoverable. Page 11 **CPRE HERTFORDSHIRE CIO** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **2. ACCOUNTING POLICIES - continued** ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Executive Committee. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ## **Fixed asset investments** Investments held as fixed assets are revalued at mid-market value at the statement of financial position date and the gain or loss taken to the relevant fund account. Income from the investments is credited to the relevant fund in the statement of financial activities. ## **3. DONATIONS AND LEGACIES** ## **4.** ## **5.** |Donations
Subscriptions
**OTHER TRADING ACTIVITIES**
Fundraising events
**INVESTMENT INCOME**
Deposit account interest
Dividends received|**2022**
**£**
**18,930**
**24,292**
**43,222**
**2022**
**£**
**3,228**
**2022**
**£**
**1,515**
**7,356**
**8,871**|2021
£
12,683
24,345
37,028
2021
£
2,428
2021
£
33
6,635
6,668| |---|---|---| Page 12 **CPRE HERTFORDSHIRE CIO** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **6. CHARITABLE ACTIVITIES COSTS** **----- Start of picture text -----**
||||| |---|---|---|---| |Direct|Support| |Costs|costs|Totals| |£|£|£| |General|76,534|13,000|89,534| **----- End of picture text -----**
## **7. TRUSTEES' REMUNERATION AND BENEFITS** ## **Trustees' expenses** Trustee's expenses paid for the period ending 31 December 2022 amounted to £70 (2021: £168). All expenses were incurred by trustees of the charity in the year for expenditure on general charitable activities (2021: general charitable activities). ## **8. STAFF COSTS** The average monthly number of employees during the year was as follows: **----- Start of picture text -----**
|||| |---|---|---| |2022|2021| |Administration|5|5| **----- End of picture text -----**
No employees received emoluments in excess of £60,000. ## **9. TANGIBLE FIXED ASSETS** **----- Start of picture text -----**
||||| |---|---|---|---| |Freehold|Plant and| |property|machinery|Totals| |£|£|£| |Cost| |At 1st January 2022|115,000|1,000|116,000| |Additions|13,203|1,943|15,146| |At 31st December 2022|128,203|2,943|131,146| |Net book value| |At 31st December 2022|128,203|2,943|131,146| |At 31st December 2021|115,000|1,000|116,000| **----- End of picture text -----**
Page 13 **CPRE HERTFORDSHIRE CIO** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **10. FIXED ASSET INVESTMENTS** |**10.**
**FIXED ASSET INVESTMENTS**|| |---|---| |**Market value**
At 1st January 2022
Additions
Revaluations|Listed
investments
£
**258,969**
**60,000**
**(31,727)**| |At 31st December 2022|**287,242**| |**Net book value**
At 31st December 2022|**287,242**| |At 31st December 2021|258,969| |There were no investment assets outside the UK (2021 - none).
Cost or valuation at 31st December 2022 is represented by:
Valuation in 2022|**Listed**
**investments**
**£**
**287,242**| |**11.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2022**
**£**
Prepayments and accrued income
**314**|2021
£
250| Page 14 **CPRE HERTFORDSHIRE CIO** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Other creditors
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
Edith Davis Memorial
Stella Jones Legacy
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**49,275**
Edith Davis Memorial
**1,184**
Stella Jones Legacy
**4,862**
**55,321**
**TOTAL FUNDS**
**55,321**|At 1.1.22
£
**389,730**
**39,792**
**199,249**
**628,771**
**628,771**
Resources
expended
£
**(98,384)**
**-**
**-**
**(98,384)**
**(98,384)**|**2022**
2021
**£**
£
**2,654**
2,591
Net
movement
At
in funds
31.12.22
£
£
**(54,872)**
**334,858**
**(4,024)**
**35,768**
**(15,894)**
**183,355**
**(74,790)**
**553,981**
**(74,790)**
**553,981**
Gains and
Movement
losses
in funds
£
£
**(5,763)**
**(54,872)**
**(5,208)**
**(4,024)**
**(20,756)**
**(15,894)**
**(31,727)**
**(74,790)**
**(31,727)**
**(74,790)**| |---|---|---| ## **13. MOVEMENT IN FUNDS** Page 15 **CPRE HERTFORDSHIRE CIO** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **13. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
Edith Davis Memorial
Stella Jones Legacy
**Restricted funds**
Jubilee Appeal Fund
**TOTAL FUNDS**
Comparative net movement in funds, included in
**Unrestricted funds**
General fund
Edith Davis Memorial
Stella Jones Legacy
**TOTAL FUNDS**|Net
movement
At 1.1.21
in funds
£
£
420,643
(39,129)
33,381
6,411
174,486
24,763
628,510
(7,955)
8,216
-
636,726
(7,955)
the above are as follows:
Incoming
Resources
resources
expended
£
£
40,783
(86,093)
1,103
-
4,238
-
46,124
(86,093)
46,124
(86,093)|Transfers
between
At
funds
31.12.21
£
£
8,216
389,730
-
39,792
-
199,249
8,216
628,771
(8,216)
-
-
628,771
Gains and
Movement
losses
in funds
£
£
6,181
(39,129)
5,308
6,411
20,525
24,763
32,014
(7,955)
32,014
(7,955)| |---|---|---| Page 16 **CPRE HERTFORDSHIRE CIO** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **14. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st December 2022. Page 17 **CPRE HERTFORDSHIRE CIO** **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Subscriptions|2022
2021
£
£
**18,930**
12,683
**24,292**
24,345| |---|---| |**Other trading activities**
Fundraising events
**Investment income**
Deposit account interest
Dividends received|**43,222**
37,028
**3,228**
2,428
**1,515**
33
**7,356**
6,635| ||**8,871**
6,668| |**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Publicity
**Charitable activities**
Wages
Office expenses|**55,321**
46,124
**8,850**
7,165
**71,041**
65,708
**5,493**
8,271| |**Support costs**
**Governance costs**
Premises expenses
Accountancy and legal fees|**76,534**
73,979
**3,479**
2,909
**9,521**
2,040| ||**13,000**
4,949| |Total resources expended|**98,384**
86,093| |**Net expenditure**|**(43,063)**
(39,969)| This page does not form part of the statutory financial statements Page 18