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2023-04-05-accounts

Charity Registration No. 1168094

BELLHURST NATURE CONSERVATION TRUST

(CHARITABLE INCORPORATED ORGANISATION)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

BELLHURST NATURE CONSERVATION TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr. R Hobbs D Rossney L Richardson J Lavender Charity number 1168094 Principal address and 73 Cornhill registered office London EC3V 3QQ Independent Examiner S Coleman ACA Gerald Edelman LLP 73 Cornhill London EC3V 3QQ Bankers Royal Bank of Scotland 1 Fleet Street London EC4Y 1BD Solicitors Adams & Remers Trinity House School Hill Lewes Sussex BN7 2NN Investment advisors LGT Vestra LLP 14 Cornhill London EC3V 3NR

BELLHURST NATURE CONSERVATION TRUST

CONTENTS

Page
Trustees' report 1 - 4
Statement of Trustees' responsibilities 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 16

BELLHURST NATURE CONSERVATION TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2023

The Trustees present their report and accounts for the year ended 5 April 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Trust's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019).

Objectives and activities

The trust's main objectives are:-

1) The conservation, protection and preservation for the public benefit of woodlands, farmland and other rural properties of beauty in their natural state. The promotion of natural and indigenious species of plants, trees and wildlife in their natural habitat.

2) The advancement of education by the promotion of interest and awareness amongst the general public in the natural environment of the countryside and in the amenity value of the maintenance of the natural ecology of woodlands, fields and hedgerows.

The Bellhurst Nature Conservation Trust aims to manage its woodlands and farmland in an appropriate and environmentally responsible way for the future and to inspire people to both enjoy and value the natural world. The Trust wishes to manage its land in a way that maintains both its wildlife and landscape value and its productivity to provide now and in the future relevant ecological, economic and social benefits at a local and national level.

The Trustees confirm that, in their opinion, they have complied with their duty to have due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake and in exercise of their powers as detailed in the constitution and under charity law.

Directly and indirectly the Trust provides and contributes to multiple public benefits, which can be summarised as follows;

BELLHURST NATURE CONSERVATION TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

Achievements and performance

The Bellhurst Trust aims to manage its woodlands and farmland (approximately 1,300 acres) in an appropriate and environmentally responsible way to inspire people and encourage them to understand and value the natural world and the role of farming and woodland management. We do this to maintain our estate’s wildlife and landscape value along with its agricultural and forestry productivity to provide relevant ecological, economic, and social benefits at a local and national level.

In 2013 we set out a long-term strategy for the management of the woodlands in our ownership and we regularly review this to ensure it remains relevant. In 2022 we undertook a major review of our woodland management objectives and prepared new woodland management plans to run for the next ten years, and these were submitted to the Forestry Commission for approval in 2023.

As in previous years we have undertaken a range of woodland management work across most of our woods and the works this year have included the on-going programme of tree thinning, coppicing, tree safety surveys, rhododendron control where it has re-grown, and deer culling. We continue to support the local rural economy by only using independent, local, competent, and trustworthy contractors for the woodland management work, the deer culling, and aspects of the work on the farm. Funds derived from timber sales from the Trust’s estate are re-invested to fund on-going and future management work.

Ash dieback is a major concern for us in our woodlands and across the farm. Infected ash trees in our woods now has a considerable influence on our current woodland management approach and we pay particular attention to tree safety where dead or dying ash trees are on roadsides or next to public rights of way. The costs of managing the diseased trees are high owing to the practical expense of clearing up affected ash trees and the loss of a valuable timber resource.

The presence of large and generally unmanaged herds of wild fallow deer in our part of Sussex and Kent is an on-going and increasing problem not just for our land but for the area as a whole. We continue to undertake deer impact surveys in all the woods owned by the Trust, and we have increased our efforts shooting fallow deer to reduce their numbers and their adverse impact to the woodland and farm ecology. Last year we joined a new national pilot project with other neighbouring landowners conceived and run by the High Weald AONB partnership to coordinate joint efforts to cull fallow deer numbers, and we are pleased to be involved with this initiative for a second year.

In 2018 the Trust took back the total control and management of its certified organic farm, which had been managed on our behalf by a third party for the previous 20 years. Managing the farm ourselves has allowed us to take it into a very different and exciting direction as we move it from the conventional organic farm it has been for 20 years to a regenerative organic livestock farm.

The transition began in the winter of 2018 and we have moved the farm to a fully regenerative organic agricultural approach – holistic planned grazing, pasture-fed (i.e. 100% grass-fed) livestock. The farm has been re-designed to allow holistic planned livestock grazing and we hope to establish a new orchard of traditional and threatened apple and pear varieties in the coming years. In 2022 the cattle were awarded Pasture For Life certification by the Pasture-fed Livestock Association.

The farming system we have introduced complements and enhances our wildlife and landscape conservation objectives, and the primary emphasis of the farm is on soil health, bellow and above ground biodiversity, and productive farming in a way that provides nutrient-rich real food.

Throughout 2022 the farm was comprehensively surveyed once a month throughout the year to record its existing wildlife interest. The wildlife records from this survey have been shared with the Sussex Biodiversity Records Centre and the survey’s findings will inform and guide the future management of the farm. The initial findings have shown quite a high total of 877 species across the land components of the farm (the aquatic interest of the rivers, wetland ditches, and ponds on the farm were not surveyed) including 616 species of invertebrates, 182 species of vascular plants, and an impressive 61 species of birds. While the survey describes the farm as a rich wet grassland site especially rich in invertebrates and bird life it also shows that there are a number of recommended management changes we can make to improve the farm further for wildlife. We plan to focus on habitat improvements to benefit both the wetland and the hedgerow ecology on the farm.

BELLHURST NATURE CONSERVATION TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

We continue with our informal arrangement with the High Weald AONB Partnership allowing their Land Management Advisors use of the farm as a demonstration farm for others that want to move to a similar farming approach and to raise the awareness and the understanding of regenerative agriculture. Building on the range of visits to the farm since 2020, we again hosted many visits throughout the year by farmers, senior national and local policy makers, and some private businesses.

We have continued our collaboration with the Royal Botanical Gardens Kew on the UK Ash Collecting Project this year. Although the great majority of ash is expected to be lost throughout the UK, a small proportion of trees have shown tolerance of ash dieback and collecting seed and other genetic material from these trees is now considered to be a national priority. Kew continue to survey some of our woods and take seed and samples from those ash trees that appear to be showing a tolerance to the disease. Kew plans to re-visit our woods again in the autumn of 2023 and again in 2024.

We have continued to work with the teachers and the children from two local schools to host Forest School sessions at two of our woodlands. We are also working with a London-based organisation working with inner-city young adults and have hosted another stay and training session for adults leading these types of events. We are very keen to instil in children and young adults a love of the outdoors, farming, and wildlife through stimulating, hands-on experiences, which also support the development of self-esteem, confidence, and independent learning.

During the winter this year we installed a series of leaky woody dams in one of our woods as part of a natural flood management project with advice and support from the High Weald AONB team. This technique helps to reduce the impact of heavy rainfall events, reduce flood peaks, improve aquatic biodiversity, and can help protect downstream and flood prone settlements. The dams themselves are timber structures made from trees felled in the wood and were then placed within the wood’s smaller streams and, during periods of heavy rain and high flows, they temporarily hold back the water. This mimics the effect of naturally fallen timber or beaver dams and the aim of these leaky woody dams is not to create permanent areas of water but to store it for a few hours while it gradually drains away.

As always, we continue to suffer from a variety of anti-social behaviour from a minority of our many neighbours (landowners and house residents) such as land grabbing, timber and firewood theft, movement of boundary fences, grazing our land without permission, illegal access, illegal shooting, and illegal tree felling. Inevitably the anti-social behaviour we experience absorbs a disproportionate amount of the time and resources freely given by the Trustees, but we continue to address these problems as and when they arise.

The Trustees meet on a regular basis to discuss and consider the site specific woodland management plans and the management of the organic farm, to consider, plan and implement a programme of works for the next year, to meet and work with our neighbours, and to deal with critical and urgent works.

BELLHURST NATURE CONSERVATION TRUST TRUSTEES. REPORT (CONTINUED> FOR THE YEAR ENDED 5 APRIL 2023 Financial review The nel expènditure in the year was £14,97612022.' £10.1281. The income tolalled £49,785 12022". £19,586) of which £4,213 12022.. £3,388) related to investment income. Grants receivable in the year tolalled £20.88312022". £7.6071 and were from the Forestry Commission in respect of ongoing woodlands management. Income frorn sale of firewood totalled £23.18412022'. £7,514). Other income lolalled £605 12022 £1,077) and induded a contribution from a third party towards the tost of woodlands expenditure. Expenditure totalled £48,765 12022.. £30,867) of which £38,680 (2022.. £17.9091 related to woodlands management. Governan￿ costs totalled £3,92312022.. £4,054). The ¢harily is now in a financially secure position. However the Trustees are aware of the need for propeT long tem financ4al planning lo ensure the resovrces are available which will enable the Trustees to finance a program of works on an ongoing basis for the long terrn. In this regaid the Trustees have been reviewing the investment of the e3sh funds retained and have rnade a substantial investment with stockbrokers with the objective of a¢hiewng a higher rale of retum. The funds have been invested with a wew to obtaining growth in thè portfolio balan￿d beiween incorne 8nd capit31 retums. An investment loss of £15,99612022.' Gain £1,153) accrued in the year. As at the balance sheet date the charity held free reserves of £271,141 when the tangible fixed asset total is exduded. The charity have carried out extensive improvements and maintenance on the woodlands held as sel out in the management plans completed which need be financed from such reserves. The Trustees have reviewed the risks assoaated with the charitys operations and are developing a plan to ensure that such risks are mitigated to a reasonable level. structure. governance and managemènt The Trust was established by a ¢on51itution leffective registration dale 7 July 20161 and was formed a5 Charitable Incorporated Organisalioll. The new charity received assets from the previous charily with the same name ,which has now been dissolved, mainly comprising woodlands In S(>uth East England which it manages with a Mew to conservation and regeneralion. The Trustees who served during the year were.. Mr. R Hobbs D Rossney L Richardson J Lavender The power of appoinlrnent of new Tru51eès is vèsted in the Board. In selecting individuals for appointrllent Tegard will be given to their skills, knowledge and experience needed foi the effective administration of the charity. None of the Trustees has any benèfioal interest in the company. The Trustees meet formally on a regulaf basis in order to discuss the ongoing administrative and other issues arising. They also meet on an informal basis for pre aTianged vistts at selected woodland sites both to assess any immediate necessary works required and to discuss plans for their future dev8lopment in the long temi. The Trustees, report was approved by thé Board of Trustèés. JLa nder Truslee Dated." 28 January 2024

BELLHURST NATURE CONSERVATION TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 5 APRIL 2023

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BELLHURST NATURE CONSERVATION TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BELLHURST NATURE CONSERVATION TRUST

I report to the Trustees on my examination of the financial statements of Bellhurst Nature Conservation Trust (the Trust) for the year ended 5 April 2023.

Responsibilities and basis of report

As the Trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Trust’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all 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 financial statements in accordance with Accounting and Reporting by 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 now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with 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:

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 financial statements to be reached.

S Coleman ACA Gerald Edelman LLP Chartered Accountants 73 Cornhill London EC3V 3QQ

Dated: 26 January 2024

BELLHURST NATURE CONSERVATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 5 APRIL 2023

Notes
Income from:
Donations and legacies
Grants receivable
3
Sale of timber
4
Investments
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net income(expenditure) before investment returns
Net loss on investments
12
Net expenditure for the year
Fund Balances at 6 April 2022
Fund balances at 5 April 2023		 2023
£
900
20,883
23,184
4,213
605
49,785
2,630
46,135
48,765
1,020
(15,996)
(14,976)
1,722,117
1,707,141		 2022
£
-
7,607
7,514
3,388
1,077
19,586
2,848
28,019
30,867
(11,281)
1,153
(10,128)
1,732,245
1,722,117

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

BELLHURST NATURE CONSERVATION TRUST BALANCE SHEET AS AT 5 APRIL 2023 2023 2022 Notès Fixed assets Tangible assets Investments 13 14 1,436,000 238,341 1.436,000 252,894 1,674,341 1,688,894 Current assets Debtors Cash at bank and in hand 15 14,598 20,702 1,450 37,061 35,300 38,511 Creditors: amounts falling due within onè year 16 12,5001 {5,2881 Net current assets 32,800 33,223 Total assets less current liabilities 1,707,141 1,722,117 Income funds Unrestricted funds 1,707,141 1,722,117 The accounts were approved by the Trustees on 26 January 2024 J Lavender Trusts8

BELLHURST NATURE CONSERVATION TRUST

BALANCE SHEET (CONTINUED) AS AT 5 APRIL 2023

1 Critical accounting estimates and judgements

In the application of the Trust’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2 Accounting policies

Charity information

Bellhurst Nature Conservation Trust is a Charitable Incorporated Organisation. The registered office is 73 Cornhill, London EC3V 3QQ

2.1 Accounting convention

The accounts have been prepared in accordance with the Trust's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019). The Trust is a Public Benefit Entity as defined by FRS 102.

The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

2.4 Incoming resources

Income is recognised when the Trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

BELLHURST NATURE CONSERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

2 Accounting policies

(Continued)

Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Grants received represent contributions received from the Forestry Commission and other similar bodies towards the upkeep and maintenance of the woodlands owned by the charity.

Other income including investment income is included in the accounts on an accruals basis.

2.5 Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All resources expended are accounted for on an accruals basis and the irrecoverable element of VAT is included in the expense to which it relates.

Support costs include governance which are represented by expenditure not directly allocated to charitable activities. Such costs mainly relate to office overheads, audit and other professional fees incurred in dealing with the management of the charity and meeting its statutory obligation.

Expenditure on charitable activities is represented by all costs incurred in connection with the maintenance and regeneration of the woodlands owned by the trust as well as support costs.

2.6 Tangible fixed assets

Freehold land held for charitable purposes is included in the financial statements at the cost inherited from the previous charity (as represented by the market value at May 2000). As all of the tangible property is held for charitable purposes no further revaluation is planned by the Trustees.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

2.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

2.8 Impairment of fixed assets

At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

2.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

BELLHURST NATURE CONSERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

2 Accounting policies

(Continued)

2.10 Financial instruments

The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Trust’s contractual obligations expire or are discharged or cancelled.

2.11 Taxation

As a registered charity the Society is exempt from taxation on its activities which fall within the scope of part 10 ITA 2007 and section 256 of the Taxation of Chargeable Gains Act 1992.

3 Grants receivable

2023 2022
£ £
Forestry Commission 20,883 7,607

BELLHURST NATURE CONSERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

4
Sale of timber
Sale of timber
5
Investments
Income from listed investments
Interest receivable
6
Other income
Other income
7
Raising funds
Investment management		 2023
£
23,184
2023
£
3,922
291
4,213
2023
£
605
2023
£
2,630		 2022
£
7,607
2022
£
3,382
6
3,388
2022
£
1,077
2022
£
2,848

BELLHURST NATURE CONSERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

8 Charitable activities

Insurance
Woodland management
Professional fees
Trustee expenses
Share of governance costs (see note 10)		 2023
£
418
38,680
2,852
262
42,212
3,923
46,135		 2022
£
463
17,909
5,151
442
23,965
4,054
28,019

9 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year except as disclosed in note 18. Other expenses were paid to one trustee in the year of £262.

.

10 Support costs

Basis of allocation

Independent examination
fees
Legal and professional		 2023
£
2,500
1,423
3,923		 2022
Basis of all
£
2,400
Governance
1,654
Governance
4,054

11 Employees

There were no employees during the year.

BELLHURST NATURE CONSERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

11 Employees

(Continued)

12 Net gains/(losses) on investments

Revaluation of investments
Gain on sale of investments
Tangible fixed assets
Cost or valuation
At 6 April 2022 and 5 April 2023		 2023
2022
£
£
(14,699)
(4,165)
(1,297)
5,318
(15,996)
1,153
Land and buildings
£
1,436,000

13 Tangible fixed assets

Held solely for charity use.

BELLHURST NATURE CONSERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2023

14 Fixed asset investments

Listed
investments
Cash in
portfolio
£
Cost or valuation
At 5 April 2022
226,646
26,248
Additions
29,317
-
Valuation changes
(14,699)
-
Movement in cash
-
(1,317)
Disposals
(27,854)
-
At 5 April 2023
213,410
24,931
Carrying amount
At 5 April 2023
213,410
24,931
At 5 April 2022
226,646
26,248
2023
£
The investments at fair value were held as follows:
In the UK
87,336
Outside the UK
126,074
213,410		 Total
£
252,894
29,317
(14,699)
(1,317)
(27,854)
238,341
238,341
252,894
2022
£
98,837
127,809
226,646

Fixed asset investments historical cost

The historical cost of the investments was £208,490 (2021- £209,468)

15 Debtors

Amounts falling due within one year:
Other debtors
Prepayments
16
Creditors: amounts falling due within one year
Accruals		 2023
£
14,515
83
14,598
2023
£
2,500		 2022
£
1,366
83
1,450
2022
£
5,288

BELLHURST NATURE CONSERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023

17 Related party transactions

A total of £14,092 included in woodland management costs was paid to Esus Forestry, in which the Trustee D Rossney has an interest, as authorised pursuant to the terms of the governing document.Of this sum £7,324 related to drawing up new management plans for which a grant was received from Forestry Commission

18 APB Ethical Standard relevant circumstances

In common with many entities of our size we use our independent examiners to assist with the preparation of the accounts.