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2025-12-31-accounts

Docusign Envelope ID: 3ED80398-E806-85C1-820E-C9794718F466

Charity number: 1162419

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

CPRE HERTFORDSHIRE CIO

Docusign Envelope ID: 3ED80398-E806-85C1-820E-C9794718F466

CPRE HERTFORDSHIRE CIO

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 - 18

Docusign Envelope ID: 3ED80398-E806-85C1-820E-C9794718F466

CPRE HERTFORDSHIRE CIO

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025

Trustees

J A McNab, Trustee (resigned 25 September 2025) A J Young, Trustee (resigned 11 October 2025) E Hamilton, Trustee S E Wiltshire, Trustee A Hopwood, Trustee K Vukmirovic, Trustee P S Harding, Trustee A T Anastasiou, Trustee C E Roberg, Trustee P E Waine, Chair

Charity registered number 1162419 Principal office 31a Church Street Welwyn Hertfordshire AL6 9LW Independent examiner Janice Matthews Menzies LLP Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP

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Docusign Envelope ID: 3ED80398-E806-85C1-820E-C9794718F466

CPRE HERTFORDSHIRE CIO

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees present their report with the financial statements of the Charity for the year ended 31st December 2025. 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 FOR PUBLIC BENEFIT

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 strategic 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:

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 also lobby local Members of Parliament 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 empower local communities to improve and protect their local environment through regular and ongoing events on key environmental and planning topics to engage local groups and Parish Councils with our work as a charity including through Lunch and Learn webinars and through our AGM and Countryside Day. In 2025, we launched a new programme, CPRE Hertfordshire’s Hedgerow Heroes, with the aim to plant over 2,100 metres of hedgerows across Hertfordshire to restore populations of our local butterfly species, protect local wildlife and help offset carbon emissions. This project has been fully funded through a grant including the appointment of a Project Officer to run the programme.

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Docusign Envelope ID: 3ED80398-E806-85C1-820E-C9794718F466

CPRE HERTFORDSHIRE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

•We promote the scenic beauty, tranquillity and landscape character of the Hertfordshire countryside to connect more people with the countryside 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 primaryschool 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 more interested in and connected with the natural world around them.

•We participate regularly in various forums around the CPRE network, ensuring the interests of the Hertfordshire countryside are considered in policymaking 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. In 2025, we successfully fundraised through the Big Give’s Christmas Campaign for the first time.

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 2025 achievement and performance, directly below.

ACHIEVEMENT AND PERFORMANCE

Achievements

2025 was a highly productive year against the challenge of political changes to planning policy in our ongoing work to protect, promote and enhance the Hertfordshire countryside for everyone to enjoy. Some of the Charity’s achievements, and the public benefit provided, were:

Involvement in the planning process

• We launched a government petition calling for a review of the grey belt definition in the National Planning Policy Framework. The petition gained over 42,000 signatures nationwide in six months, local MP support, national media coverage and a response from the Government.

• We responded to the government’s policy changes to the Land Use Framework and Planning and Infrastructure Bill alongside National CPRE’s response to continue to protect the countryside and support community involvement in decisions on development of all types.

• We met with 6 Hertfordshire MPs in 2025, with the aim of highlighting our concerns regarding the grey belt definition and the importance of our charity’s mission to protect our countryside from inappropriate developments.

• We campaigned for a judicial review of the Luton Airport Expansion alongside LADACAN, which was granted permission for a legal challenge to proceed in the High Court.

• We achieved a significant win in May 2025, alongside our National office in our campaign for rooftop solar, after the Government announced that all new build homes from 2027 would be required to have solar panels.

• CPRE Hertfordshire along with several local community groups and the Friends of Halsey Field came together as the Gade Valley Communities Coalition to form a Rule 6 Combined Objectors Group. We participated in the planning appeal Inquiry to oppose 390 dwellings and a residential care home of up to 70 beds on an unallocated site in the Green Belt in the setting of the Chilterns National Landscape, north of Hemel Hempstead, in Dacorum Borough.

• In addition to our work on public Inquiries, we responded to a wave of District and Borough Local Plan consultations in 2025, participating in two Regulation 19 Local Plans including St Albans and Dacorum which threatened the Green Belt with representation from CPRE Hertfordshire in the hearings.

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CPRE HERTFORDSHIRE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

• We screened 16,083 planning applications in 2025 vs 15,640 applications in 2024. Countywide we commented on 67 developments covering 10,275 dwellings in 2025 (plus some non-residential proposals) which would cause the most harm to the countryside if permitted. This was up from 50 objections in 2024.

Community engagement and communication

• The Charity ran a series of new online Lunch and Learns delivering 6 presentations and debates on a range of environmental topics to approximately 60 unique attendees whilst generating £430 in income.

• We promoted the beautiful Hertfordshire countryside and encouraged more people to enjoy the green spaces near them, notably through delivering illustrated talks to sixteen different local groups and through publishing numerous articles on the countryside, wildlife, nature, and environmental issues in on the Charity’s website.

• We were successful in our application for overall funding of circa £50k to support our first ever Hedgerow Heroes project in Hertfordshire. The project launched in September 2025, with the aim of planting over 2,100 metres of hedgerows countywide by March 2026 to secure a 40% increase nationally in the total length of hedgerows by 2050.

• We were also successful in our application for funding from our National Office to run centenary celebration events in 2026 including our Walk 100 Miles Challenge, Photography Competition and musical Open Gardens event at St Pauls Walden Bury in July 2026, home to our President, Sir Simon Bowes-Lyon. This funding has been deferred to 2026 to match expected spending.

• We continued to update our digital map of the threats to Hertfordshire’s countryside through our website: www.cpreherts.org.uk/countryside-threats-map. Our new interactive map shows the locations and details of those planning applications since January 2022 where we have responded. By adjusting the layers, you can also easily see if a location is in the Green Belt and/or the Chilterns National Landscape (AONB). Later phases in 2025 will add proposed local plan allocation sites and other information to our new map.

• In 2025, the charity published 149 new pieces of content on the website up from 138 at the end of 2024, with total users of the website up 30% at 79,596, webpage views up 20% at 79,076 and downloads up 14% at 4,745.

•The Charity’s social media strategy continues to be successful in reaching more audiences and driving more visitor traffic to our website. On social media, across Facebook, Instagram and LinkedIn at the end of 2025, we have 3,048 followers, an increase from 2,753 followers at the end of 2024.

• Our email open rates and click through rates doubled in 2025, from 23% to 51% open rate and from a 2% to 5.3% click through rate, demonstrating that our supporters have been more engaged than ever in the charity’s work.

• We held our AGM and Countryside Day on 11th October 2025 at Knebworth House, expanding the day to include local environmental charity stalls, a keynote talk from author Nic Wilson and our Children’s Art Competition ceremony to award the winning artists with their certificates and prizes including £500 for the Overall Winning School. There were over 150 entries to the competition in 2025, representing an increase compared to 2024. We received £900 in funding from the Tesco Stronger Starts scheme to fund the prizes for 2025 Children’s Art Competition.

• 36 self-guided walks for the community were updated in 2025 available freely on our website for everyone to enjoy.

• We ran our first ever Big Give campaign in December achieving net overall fundraising income of £4,627.50 including gift aid to be added to our Hedgerow Heroes project funding in 2026.

Members and Volunteers

• Membership decreased by 7% in 2025 vs 2024, 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 of our comparable ‘peer’ Local CPREs.

• Our volunteers have reached their highest ever figure at 96 volunteers at the end of 2025, driven by our Hedgerow Heroes project which has generated 50 new volunteers.

• Two Trustees reached the end of their term during 2025.

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CPRE HERTFORDSHIRE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

I nternal operations

• We successfully transitioned over to MS Dynamics in December 2025, following training from our National branch, to enable more robust data security for our charity.

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 £60,138 (2024: net income £103,658). The unrealised and realised loss on investments was £19,632 (2024: gain £6,764), giving a net movement in funds for the year amounting to a decrease of £79,770 (2024: increase £110,422).

In 2025 the Charity received legacy income of £18,733 (2024: £140,500). Grant income, mainly Hedgerow Heroes, in 2025 was £17,167 (2024: £750).

As at 31st December 2025, unrestricted funds amounted to £568,170 (2024: £647,940).

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. In 2024, we also received a legacy payment of £140,000. However, between 2021-2023 the Charity received no legacy income and so incurred in-year deficits. As legacy income is not guaranteed and cannot be tracked, 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.

• 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 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 and subsequent Examinations in Public of draft Local Plans, which are anticipated for 2026 in Welwyn Hatfield and North Herts.

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Docusign Envelope ID: 3ED80398-E806-85C1-820E-C9794718F466

CPRE HERTFORDSHIRE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

• 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 will expand our fundraising activities across donations, Trusts and Foundations and corporate supporters to support income generation.

• We will continue our work to protect our countryside through our community projects including hedgerow planting.

• We will continue to educate and connect children with the countryside through our photography and art competitions and events.

• We will streamline our membership processes including renewals using the new CRM system, MS Dynamics.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is constituted as a Charitable Incorporated Organisation and is governed by its Constitution, which was registered with the Charity Commission on 26 June 2015.

Organisational structure and accountability

The Board of Trustees have overall responsibility for the Charity and operate a system of accountability. This includes the Three-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 of Trustees currently consists of eight members all of whom are elected at the Annual General Meeting, including the Chairman, Vice Chairman, and Treasurer. They meet formally at least four times per year.

Day to day operations are delegated to the Chief Executive, who is employed on a part time paid basis. The Chief Executive manages the other paid staff and volunteers, all of whom are part time as well. All vacancies for Trustees, paid staff and volunteers are openly advertised, utilising specific descriptions that have regard to the skills, knowledge and experience necessary for each role.

Induction and training 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 small office in Welwyn, meet with the staff, and become familiar with the Charity’s operations. Depending upon the Trustee's specific role and interests, additional training is available including an extensive curriculum hosted by the national CPRE organisation.

Risk management

The Board of Trustees regularly reviews major risks to which the Charity is exposed and implements appropriate actions to mitigate these risks.

ACKNOWLEDGEMENTS

The Charity acknowledges the assistance that it receives in its work from the national office of CPRE The countryside charity. It is also grateful for the assistance given by volunteers, members, donors, supporters and local community groups throughout the county.

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Docusign Envelope ID: 3ED80398-E806-85C1-820E-C9794718F466

CPRE HERTFORDSHIRE CIO

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

Independent Examiner's Report to the Trustees of CPRE Hertfordshire CIO ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2025.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

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 145(5)(b) 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: 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 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.

Signed: Dated: 12-May-2026 Janice Matthews FCA

Menzies LLP Magna House 18 - 32 London Road Staines-Upon-Thames TW18 4BP

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Docusign Envelope ID: 3ED80398-E806-85C1-820E-C9794718F466

CPRE HERTFORDSHIRE CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Note
Income from:
Donations and legacies
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Raising funds
Charitable activities
6
Total expenditure
Net (expenditure)/income
Revaluation of fixed assets
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
66,455
3,702
14,151
84,308
9,242
135,204
144,446
(60,138)
(19,632)
(79,770)
647,940
(79,770)
568,170		 Total
funds
2025
£
66,455
3,702
14,151
84,308
9,242
135,204
144,446
(60,138)
(19,632)
(79,770)
647,940
(79,770)
568,170		 Total
funds
2024
£
181,053
4,016
16,304
201,373
4,579
93,136
97,715
103,658
6,764
110,422
537,518
110,422
647,940

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 11 to 18 form part of these financial statements.

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Docusign Envelope ID: 3ED80398-E806-85C1-820E-C9794718F466

CPRE HERTFORDSHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1. General 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

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

CPRE Hertfordshire CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will 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 investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events, publicity and charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Tangible fixed assets and depreciation

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 measurement of cost.

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CPRE HERTFORDSHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. Accounting policies (continued)

2.4 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to 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:

2.5 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction 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 Liabilities and provisions

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 estimated reliably.

2.7 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Donations
Legacies
Subscriptions
Total 2025		 Unrestricted
funds
2025
£
24,251
18,733
23,471
66,455		 Total
funds
2025
£
24,251
18,733
23,471
66,455		 Total
funds
2024
£
16,514
140,500
24,039
181,053

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CPRE HERTFORDSHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

4. Income from other trading activities

Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
Fundraising events 3,702 3,702 4,016

5. Investment income

Dividends received
Deposit account interest
Total 2025		 Unrestricted
funds
2025
£
11,541
2,610
14,151		 Total
funds
2025
£
11,541
2,610
14,151		 Total
funds
2024
£
9,433
6,871
16,304

6. Analysis of expenditure on charitable activities

Summary by fund type

Staff costs
Legal, Consultancy & Accounting fees
Hedgerow planting costs
General costs
Property costs
Depreciation
Total 2025		 Unrestricted
funds
2025
£
99,055
11,958
12,116
7,992
3,325
758
135,204		 Total
2025
£
99,055
11,958
12,116
7,992
3,325
758
135,204		 Total
2024
£
81,255
2,820
-
5,198
3,104
759
93,136

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CPRE HERTFORDSHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

7. Analysis of expenditure by activities

Staff costs
Legal, Consulting & Accounting fees
Hedgerow planting costs
General costs
Property costs
Depreciation
Total 2025		 Activities
undertaken
directly
2025
£
99,055
-
-
7,992
-
-
107,047		 Support
costs
2025
£
-
11,958
12,116
-
3,325
758
28,157		 Total
funds
2025
£
99,055
11,958
12,116
7,992
3,325
758
135,204		 Total
funds
2024
£
81,255
2,820
-
5,198
3,104
759
93,136

8. Staff costs

Wages and salaries
Social security costs
Employers' contribution pension schemes
Recruitment and other staff costs		 2025
£
95,730
1,164
1,696
465
99,055		 2024
£
79,549
11
1,199
496
81,255

The above includes a key management personnel remuneration package of £36,315.

There are no employees who received employee benefits (excluding employer pension costs) of more than £60,000.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 December 2025, no Trustee expenses have been incurred (2024 - £NIL) .

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

10. Tangible fixed assets

Cost or valuation
At 1 January 2025
At 31 December 2025
Depreciation
At 1 January 2025
Charge for the year
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024		 Freehold
property
£
148,469
148,469
-
-
-
148,469
148,469		 Plant and
machinery
£
3,794
3,794
1,202
758
1,960
1,834
2,592		 Total
£
152,263
152,263
1,202
758
1,960
150,303
151,061
11.
Fixed asset investments
Cost or valuation
At 1 January 2025
Disposals
Revaluations
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024		 Listed
investments
£
420,842
(47,000)
(19,632)
354,210
354,210
420,842

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

12. Debtors

Due within one year
Prepayments and accrued income
Creditors: Amounts falling due within one year
Accruals and deferred income		 2025
£
822
822
2025
£
21,256		 2024
£
752
752
2024
£
4,031

13. Creditors: Amounts falling due within one year

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Docusign Envelope ID: 3ED80398-E806-85C1-820E-C9794718F466

CPRE HERTFORDSHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General Fund
Edith Davis
Stella Jones
Statement of funds - prior year
Unrestricted funds
General Fund
Edith Davis
Stella Jones		 Balance at 1
January 2025
£
384,988
42,838
220,114
647,940
Balance at
1 January
2024
£
288,346
40,655
208,517
537,518		 Income
£
74,136
1,238
8,934
84,308
Income
£
193,274
1,205
6,894
201,373		 Expenditure
£
(144,446)
-
-
(144,446)
Expenditure
£
(97,715)
-
-
(97,715)		 Gains /
(Losses)
£
(4,170)
(2,119)
(13,343)
(19,632)
Gains /
(Losses)
£
1,083
978
4,703
6,764		 Balance at 31
December
2025
£
310,508
41,957
215,705
568,170
Balance at
31 December
2024
£
384,988
42,838
220,114
647,940

Page 17

Docusign Envelope ID: 3ED80398-E806-85C1-820E-C9794718F466

CPRE HERTFORDSHIRE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2025
£
150,303
354,210
84,913
(21,256)
568,170		 Total
funds
2025
£
150,303
354,210
84,913
(21,256)
568,170

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
151,061
420,842
80,068
(4,031)
647,940		 Total
funds
2024
£
151,061
420,842
80,068
(4,031)
647,940

Page 18