Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 Charity number.. 1162419 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CPRE HERTFORDSHIRE cio MENZIES BRIt?rlTrh I rllNKIN
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO CONTENTS Page Reference and administrative details of the Charity, its Trustees and advisers Tru8te8s' report Independent examiner's report Statement of financial activities Balance sheet Note8 to th8 financial statements 10-16
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Tru8tse¥ J A McNab, Chaimian A J Youno. Trustee E Hamilton, Trustee A Hopwood, Trustee (appointed 9 November 20231 S E Wiltshire, Trustee C T Russell, Trustee C Trbovic, Trustee (resigned 15 May 20241 Charity registered number 1162419 Principal office 318 Church Street Welwyn H8rtfordshi18 AL6 9LW Independent examlner Menzies LLP Chartered Accountants Richmond House Walkern Road Slevenage Herts SG13QP Page 1
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present Iheii report with the financial ststetnenls of the Charity for the year ended 31 st Deoetnber 2023. The TIu5tees have adopted the provisions of Accounting and Reporting by Charitie5". Staternent of Recomrnended Practice applicable to chaiities preparing their accounts in accordance w(th the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. OBJECTIVES AND ACTIVITIES FOR PUBLIC BENEFIT Objectives The objectives of the Charity as set out in its governing document are lo promote and encourage, for the benefit of the public, the irnprovewenl, 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 foirna1 constituted 85 8 Ch81itsble Incoipor8ted Oig8ni58tion. CPRE Hertft>idshire is also the county branch of the national CPRE oiganisation ICPRE The countryside chaiityl and is one of 42 separate county-based charities whid), along with the national organisation, make up the CPRE nelwork. Mlssion and strategic alms CPRE Hertfordshire is a campaigning charity whose mission is to proteci, 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 irnprove and protect their local environment. The Charity aims lo.. Protect Hertfordshire's Green Bell 8nd the wider countryside from inappropriate development and support cornmunilies lo h8ve their say on developments and change5 in Herttordshiie 4 Promote the benefits of the countryside and our natural environtllent Work with local government, community groups and othei organisations to promote sustainable planning policies Advocate for Hertfoidshire's designated areas, including the Chilteins National Landscape, and the Broxbourne Woods National Nature Reserve and the Chilterns Beechwoods Special Areas ol ConseNation Encourage care of our chalk streams, woodlands, fields and hedgerows Recognise local groups and individuals that work to improve their environment and their communities. Activities The main activities of the Charity are as follows: We operate through the land use planning system. rnonitoring and responding lo proposals that threaten the countryside. We provide support and advice to our members. lo local community groups and lo the public, encouraging their P8rticipation in catnpaign5 on issues that 8ffect their are8. In pr8Ctice this includes p8rtiCiP8tion in the relevant Stages of Local Plan preparation across Hertfordshire's ten districts, reviewing planning applications In each ol these districts to identify those which if implemented would hami the countryside, and engaging wth county-wide pioposals such as those for aviation. roads, minerals extraction and waste processing. We alsts lobby local Members of Pailiament to help influence policy making and decisions. We have expertise in these matters and maintain a library of reference materials available to the public on our website. We prornote 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 indudes devising and advertising self-guided walking routes throughout the county. giving illustrated talks lo 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 wth the environtnenl though our bi-annual Children's Art Competition, open to 811 pritnary-school aged children throughout the county. Each time we choose a different nature-based theme and we hope that by creating an artwork the children become mole 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 carnpaigning at a national level. We conduct ongoing activities to strengthen the Charity's capacity and capability. including fundraising and volunteer recruilrnenl and stewardship activities. Page 2
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Publi¢ benefit The Trustee5 confiirn that they have had due regard to the Chaiity Commission's guidance on public benefit in exercising their powers and duties. Further infomiation on the delivery of public benefit is included in the section on 2023 achievement and performance, direcdy below. ACHIEVEMENT AND PERFORMANCE Achievements 2023 was a highly productive year in our ongoing work lo protect and promote the Hertfordshire countryside for everyone. Some of the Charity's achievernents. and the public benefit provided, were.. Involvement in the planning proce¥8 We achieved 8 signific8nt win for the countryside at Bradmore Way in Brookmans Park. A speculative planning application was submitted lor 125 dwellings on Green Belt land and CPRE Hertfordshire along with many local iesidents and community groups objected to this proposal for inappropriate development. The developer appealed after Welwyn Haffield Borough Council refused pemission. At the subsequent appeal Inquiry, we formed a Rule 6 combined objectors, group together with Brookmans Park Action Group and the North Mymms District Green Belt Society to argue our case for protecting the Green Belt countryside. We presented evidence, cross examined other witnesses, and were cross examined by the developer's barrister. In July 2023 the Planning Inspector dismissed the appeal. The developer then initiated a legal challenge but permission to challenge was refused by the judge and the developer's clairn was withdrawn. This victory is significant and we hope it wll act as a deterrent to other would-be speculative developers all across the county. We also had another big win for the countryside al Little Heath Lane, Betkham51ed. Solar promoter Energi Generation subtnitted a planning application for a 18rge-sc8le commercial 501ai farm in a sensitive landscape in the Green Belt and adjacent to the Chilteins Area ol Outstanding Natural Beauty IAONBI, on a piotninent hi1151de that 15 visible over long distances in several directions. CPRE Hertfordshiie advocates for renewable energy, and in particular"rooftop neWabIes.. But we do not want to see highly valued landscapes in designated protected areas become industrialised. Dacoium Borough Council refused the planning application, the applicant appealed, and the Planning Inspectorate conducted an appeal Inquiry. Having previously objected to the application and provided advice to local campaigners, we partiapated at the Inquiry as an Interested Party and one of our Trustees also appeared as an expert witness on biodiversity issues. In November 2023 the Planning Inspector disrnissed the appeal. This is an important decision that upholds national policy guidance that says the need for renewable or low carbon energy does not automatically override environmental protections. In 8ddilion lo the two planning 8ppe81s noted above. we also participated as a Rule 6 party at the planning appeal Inquiry for the sTrc8lled 'Marshcroft' speculative developrnenl proposal for 1.400 dwellings on a huge. 300 acre Sile in the Green Belt and adjacent to the AONB. east of Tring. The Planning Inspeclor8te conducted an appeal Inquiry in March and April 2023, at which we participated together wrth Glove Field5 Residents A550ciation and the Chilterns Society. The Secretary of State will ultimately deteirnine the appeal, and we anticipate a decision in 2024. We also participated as an Interested Party in three other planning appeal Inquiries regarding inappropriate development proposals in the Green Belt. These were for 720 dwellings at Chiswell Green, 87 dwellings at Sarratt, and a huge 2004 acre commercial solar farm at Great Wymondley. We anticipate decisions on each of these during 2024. We made a relevant representation objecting to Luton Airport's application for a Development Consent Order to expand from 18 mppa lo 32 mppa. which if approved by the Secretary of State. would have 8 devastating impact on local people and the environment across a huge swathe of northem Hertfordshire. with more noise and air pollution. more Ir8ffic congestion on local 108ds, and Ioss of green space around the airport. We a150 Participated in consultations for the new draft Local Plans in St Alban5 District and Dacoturn Borough, which together propose development on more than 3,000 acres ol protected Green Belt land. We produced comprehensive submittals and we engaged with and provided advice to many local communty groups in each of these consultations. We also participated in a consultation for the revised draft Local Plan in Three Rivers District, which has adopted a much more restrained approach and therefore a far less damaging plan with respect to the Green Belt. We submitted our comments on Affinity Waterfs Draft Water Resources Managernent Plan 2024. We believe Affinity's proposals would not be sufficient to reverse existing damage to our chalk streams. and th8t Affinity should make greater efforts to redu per capita water consurnplion which will in lum reduce vrJsle water and begin lo address the problem of seweiage oveispills in our waterways. Page 3
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 We screened 15,296 planning 8pplic8tions during the year, ¢onduded furthei rese8rth into 369 of thern and subrnitted cornments or objections on 60 which would cause the most harm to the countryside if permitted. We responded to circa 10 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 rnore people to enjoy the green spaS near them, notably through delivering illustrated t8lks lo nine different local groups, and through publishing numerous articles on the countryside. wildlife. nature, and environrnental issues in on the Ch8rily'5 website. In 2023 the Chaiity published over 139 new content items on our website, which 8ttr8cted over 20,000 visitois, with 58,000 page view5 and 2,200 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 7°/0 to 1,014, and on Instsgram, the Charity has 1,528 followers, more than any other Local CPRE group. In March 2023 we announced the winners of the 2022 Children's Art Competition and a presentation was made to the winning school. Winning artists receive gift vouchers and certificates, and cornmended artists receive certificates. In addition, the Overall Winning School receives £500 for their art department. We were delighted that over 100 artworks were submitted on this yearfs Iherne of'Hedgerows up Close.. . We did not run 8 Hertfordshire Awards progiamrne in 2023 due lo resouiTr ¢onsti8inls. Mèmbèrs and Voluntèèrs Membership decreased by 5.9/0 in 2023, a net loss of 48 members. This decline is in line with the trend across the whole of the CPRE network, and less severe than that ol our comparable 'peer' Local CPRES. Five new volunteers joined in 2023. Two new trustees were added to the board, adding breadth to our collective skill-set. Three volunteer newsletters weie published during the year. and a 'lhank you, event was held lo recognise 811 of our volunteers and staff. Intèmal op•rations We completed the much-needed repair and renovation of our small Offi in Welwyn village, coming in significantly under budget. The work induded installation of roof mounted solar panels and we are already benefiting from reduced energy costs. Following on from our 2022 governance review, both the National CPRE Trustee Board and our own CPRE Hertfordshire Trustees and membership approved several minor amendments to our charity's Constitution, bringing it into line with Charity good practice. FINANCIAL REVIEW Financial position In the period, the Charity had net expenditure of £43,29912022." 43,0631. The uniealised gain on investments was £26,836 12022". £31,727 lossl, giving a net movement in funds for the year amounting to a decrease of £1e,46312022.' £74,790). The Charity had strong income generation in 2023, including successful fund raising launched to cover specific Appeal related costs. As at 31st December 2023, unrestricted funds amounted to £537,51812022'. £553,981). Early in 2024 the Charity received legacy incorne of £140.000. Page 4
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Investment policy The Trustees have ieviewed and reconfitmed the Charity's investment policy. Principal objectives of the policy are to sustain the value of and thereafter maximise growth and retum on the Charity's investments. Reserves pollcy Between 2017 and 2020 the Charity was fortunate to re1ve several legacies, wrth 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 202312022.. nill, the Charity has incurred an in-year defiat as noted above. As a result of this, 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 payrnents should there ever be a need lo wind down the Charity. To hold addition31 reserves of £100.000 foi leg818nd professional fees should these be required in conjunction with the seven district Local Plans currently in preparation or undei review around the county. Any unrestricted funds surplus to the above wll continue to be utilised over a period of several years to enable the Charity to maintain a higher level ol activity than would otherwise be possible. FUTURE DEVELOPMENTS We will continue with our activities in line wrth 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 partiapation in the planning process. We will further defend the countryside through our involvernenl in selected planning appeals and inquiries where we believe an irnportanl precedent would be set. We wll piovide guidance to local comTnunities and wll partiClP3te ourselve5 in further public consultations 8nd subsequent Exarnination5 In Public of draft Local Plans, which are anticipated for 2024 and 2025 in Dacorum Boiough, Hertsrneie 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. For the first time Sin the pandemic, we intend to host a significant in-person event for the general public- a 'CPRE Hertfordshire Countryside Day°_ later in 2024. We will modemise the Charity's IT system, to enable our volunteers, staff and Trustees to collaborate and work More effectively. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity is constituted 8$ a Ch81itable In¢oipor8led Oig8ni581ion and is governed by ils Constitution, which was registered with the Chaiity Cornmi5510n on 26 June 2015. Organisational structure and accountability The Board of Trustees have overall responsibility for the Charity and operate a system of accountsbility. This includes the Thre&Year Strategic Plan, Annual Operating Plan, and an annual budget. Performance is evaluated regularly during the year using Key Performance Indicators and various qualitative and quantitative information. The Board ol Trustees currently consists of six members all of whorn are elected at the Annual General Meeting, including the Chairman, Vice Chairman, and Treasurer. They meet fonnally al least six times per year. Day lo day operations are delegated to the Chief Executive. who is eTnployed on a part lime paid basis. The Chief Executive manages the other paid staff and volLJnteers, 811 of whom are part titme as well. All vacancies for TIu5tees. paid staff and volunteers are openly advertlsed, utili51ng speufic de5cripb.ons that have regard to the skills, knovdedge and experience necessary lor each role. Inductlon and tralnlng of new Trustees New Trustees are provided with the Charity Commission's "The Essential Trustee. which focuses on the main duties and responsibilities of the role. along with CPRE Hertfordshire's Constitution, Three Year Strategic Plan, Annual Operating Plan, and other documents pertaining to the Charity's history and current activities. New Trustees and all new volunteers and staff are invited to participate in CPRE Hertfordshire's local induction as well as an induction by the national CPRE organisation. New Trustees are encouraged to visit the Charity's sm811 office in Welwyn. meet wth the staff. 8nd become familiar with the Charity's operations. Depending upon the Trustee's specific role and inleresls, additional training is available including an extensive curriculum hosted by the national CPRE organisalion. Page 5
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Rlsk management The Board ol Trustees regulady reviths major rf$ks to which th& Charfty Is èxpxad and implèmnts apwopriat& a¢tlons to mitsgato the¥e risks. ACKNOWLEDGEMENTS Thp r.hArfty 2cknothlÉdg&& thè as&iÈtaneÉ that It rÉcÉivÉÈ In trk frttm thÈ natlonal offit@ of CPRE Tha t¥tld9 charty. 1118 also grateful lor the a58istsnce g'ven by vojunteers. rnernters. donors. 8UFPOrterB and cornmunty groups thfoughoutthe county. Approved by order of the members ot the board olTrugto•8 and slgned on thelr behalf by: Date.. 2S fv121YI ofv-lfv E HANIM Pag8 8
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Independent examiner's report to the Tru¥teeB of CPRE HertFord¥hire CIO I'the Charity'l I report lo the ch8rity Trustees on my examination of the a)unt$ of the Charity for the year ended 31 Decetnber 2023. Responsibilities and basis of report As the Trustees ol the Charity you are responsible foi the preparation of the accounts in accordance wth the reqLJirements of the Charities Act 2011 Ilhe 2011 Act'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 1451Sllbl of the 2011 Act. Independent examiner's statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. St8temeNt of Recommended Practice 8pplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Slalernent of Recommended Practice issued on 1 April 2005 which 15 referred lo in the extant regulations bLrt has been wthdrawn. understand that this has been done in ordei for the accounts to provide a true and fair view in accordance wth the Generally Accepted Accounting Practice effective for reporting periods beginning on 01 after 1 JanLJary 2015. I have completed my examination. I confim that no matters have come to my attention in connection wth the examination giving me cause to believe that in any material respect.. accounting records were not kept in respeci of the Charity as required by section 130 of the 2011 Act., or the aocounts do not aword with those records., or the accounts do not comply with the applicable requirements Conrning the fom 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 fairf view which is not 8 matter considered as part of an independent exarnination. 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. DoGuSlgnDdby.' Signed.. D8ted.. 17-Jun-2024 E690D9B12B0742C JEFOX Menzies LLP Richmond House Walkein Road Slevenage Hertfordshire SG1 3QP Page 7
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2Q22 Note Income from.. Donations and legacies Other trading activitie5 Investments 77,280 2,403 12,186 77,280 2,403 12,186 43,222 3,228 8,877 Total income 91,869 91,869 55,327 Expenditurè on.. Raising fund5 Charitable activities 6,845 128,323 6,845 128,323 8,850 89,534 Total expenditure 135,168 135,168 98,384 Net expenditure Revaluation of fixed assets 143,2991 26,836 143,2991 26,836 (43,063) (31, 727) Net movement In funds 116,4631 116,4631 (74, 790) Reconciliation of funds= Total funds brought forward Nel movement in funds 553,981 116,4631 553,981 116,4631 628,771 (74, 79Q) Total funds carried forward 537,518 537,518 553,981 The Slalemenl of financial activities includes all gains and losses recognised in the year. The notes on pages 10 10 16 foim part of these financial slalernenls. Page 8
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Flx8d ass¢ts Tangible as8èts Investments 151,820 314,078 131,146 287.242 10 465,898 418,388 Current assets Debto 314 137.933 Ca8h at bank and in hand 71181 74166 12.546) 138.247 Credltors.. amwnts fallbng due withln one yeai 12 (2,654) Net cuTnt assets 71.620 135.593 T)tal assets less ujrrent Ilabllltlas 537.518 553,981 Net A•ts 537,518 553.981 Total net ag¥ets 537,518 553,981 Charityfund5 Unrestricted funds 13 537.518 553.981 Total fund¥ 537,510 553,96t Th8 finanLYal statements re approved and authorised for issue by the Trustees and signed on their thaW ty.. Dats: MAY 2014 The notes on Fege8 10 to 18 form part ofthese financial staternents h MGblA Page 9
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General information CPRE Hertfordshire CIO is a charitable incotpor8led organisation, regisleied in Engl8nd 8nd Wal85. Th8 charity registiation numbei and piincipal address can be found within the reference and administiative details on page 1. Aecounting polieiès 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charities. Statement of Recommended Practi applicable lo charities preparing their 8ccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. the Fin8nci81 Reporting Standard applicable in the UK and Republic of Ire18nd IFRS 1021 and the Charities Act 2011. CPRE Hertfordshiie CIO rneets the definition of a public benefit entity under FRS 102. Assets and liabilities ale initially recognised at historical cost or transaction value unless otherwise stated in the levant accounting policy. 2.2 Ineome All income is recognised once the Charity has entitlement to the income, it is probable that the income wll be received and the amount of income receivable can be measured reliably. Donations and legacies are recognised upon receipt. Income tax recoverable in relation to investrnent income is recognised at the time the investment income is receivable. 2.3 Expenditure Expendrfcure on raising funds includes all expenditure incurred by the Charity to raise fund5 for ils charitable purposes and includes wsls of all fundr8ising adivilies. events. publioty 8nd chaiilable trading. Expenditure on charitable activities 15 incurred on directly undertaking the activities which lurther the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Tanglble flxed assets and depreclatlon Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurernent ol cost. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. using the straight-line method. Depreciation is provided on the following bases.. Freehold property Office equiptnent is not depreryated. Page 10
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Icontinuedl 2.5 Inve¥tments Fixed asset Investment5 are a form of finanaal In5tturnent and are Initially recogni5ed 8t their tran58Ction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Revaluation of fixed assets, in the Statement of financial activities. 2.6 LlabSlltles and provlslons Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be eslirnated reliably. 2.7 Fund accounting General funds are unrestricted funds which are 8vailable for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purpose5. Invesltnent incorne, gains and losses are allocated to the 8ppropii8le fund. Ineom• from donations and l*gaci&s Unrestrlcted funds 2023 Total funds 2023 Total funds 2Q22 Donations Subscriptions 52,872 24,408 52,872 24,408 18,930 24,292 Total 2023 77,280 77,280 43,222 Income from other trading a¢tivitieB Unrèstrictèd funds 2023 Total funds 2023 Total funds 2022 Fundraising events 2,403 2,403 3,228 Page 11
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Invèstsnent income Unrèstricted funds 2023 Total funds 2023 Total ftJnds 2022 Dividends reiVed 8,822 3,564 8,622 3.564 7,356 1,515 Deposrft account interest Total 2023 12,186 12,186 8,871 Analysis of expenditure on charitable activities Summary byfund type Unrestricted funds 2023 Totsl 2023 Tot81 2022 Staff costs 74.005 45,873 4,879 3,123 443 74,005 45,873 4.879 3,123 443 71,041 9,527 5,493 3,479 Legal. Consultancy & Accounting fees General costs Property costs Depreciation Total 2023 128.323 128.323 89,534 Analysis of expenditure by activities Activities undertaken directly 2023 Support cost5 2023 Totsl funds 2023 Total funds 2Q22 Staff costs Legal. Consulting & Accounting fees General costs Property costs Depreciation 74.005 74,005 45,873 4,879 3,123 443 71,047 9,527 5,493 3,479 45,873 4,879 3,123 443 Total 2023 78,884 49,439 128.323 89,534 Page 12
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Trusts. remuneration and expenses During the year. no Trustees received any r8rnuner*ion or other benefits (2022- £NILJ. DLJring the year ended 31 Decetnber 2023, no TtU5tee expenses have been incurred 12022- £70). Tangiblè fix•d ass•ts Freehold property Plant and machinery Totsl Cost or valuation At 1 January 2023 Additions 128.203 20,266 2,943 851 131,146 21,117 At 31 December 2023 148.469 3,794 152,263 Depreclatlon Charge for the year 443 At 31 December 2023 443 Net book value At 31 Decernber 2023 148.469 3,351 151,820 At 31 Dember 2022 128,203 2,943 131, 146 10. Fixed a88et investments Listed investments Co¥t or valuation At 1 January 2023 Revaluations 287,242 26,836 At 31 December 2023 314,078 N•t book valu• At 31 December 2023 314,078 Al 31 DeGerp7ber 2022 287,242 Page 13
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11. Debtor¥ 2023 2Q22 Due within one year Prepayments and accrued income 985 314 985 314 12. Creditors: Amounts falling due within one year 2023 2Q22 Accruals and deferred income 2.546 2,654 Page 14
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. ststement of funds ststement of fund¥- current year Balance at 31 Dèe•rnb8r 2023 Balane• at 1 January 2023 Gains I {Loss•sl Ineom• Expanditura Unre¥tricted fund8 General Fund 334,858 35,768 183,355 84,563 1,188 6.118 1135,1681 4,093 3,699 19,044 288,346 40,655 208,517 Edith Davis Stella Jones 553,981 91,869 1135,1681 26,836 537,518 Stat*m•nt of funds- prior yèar Balance at l January 2Q22 Balance at Gainw 31 December (Losses) 2022 Income Expenditu Unrèstrietèd funds General Fund Edith Davis Stella Jones 389,730 39, 792 199,249 49,275 1, 784 4,862 (98,384) (5, 763) (5,208) (2Q, 756) 334,858 35, 768 183,355 628, 771 55,321 (98,384) 131, 727) 553,981 Page 15
Docusign En¥ÈlopÈ ID". AED6CEFC-OBC74A4B-950&143C910DBC67 CPRE HERTFORDSHIRE CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Analysi8 of net assets b8tween funds Analysis of n•t ass•ts bètwèèn funds - eurrènt yèar Unr*strict•d funds 2023 Total funds 2023 Tangible fixed assets Fixed asset investments 151,820 314,078 74,166 12,5461 151,820 314,078 74,166 12,5461 Current assets Creditois due within one year Total 537,518 537,518 Analysis of n•t ass•ts bètwèèn funds - prior yèar Unrestiicled funds 2022 Totsl funds 2022 Tangible fixed assets Fixed asset investments Current assets Creditois due within one year 131, 746 287,242 138,247 12,654) 131, 146 287,242 138,241 (2,654) Total 553.981 553,981 Page 16