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← Philip Wayre Upland Trust

2023-12-31-accounts

Registered number: CE009076 Charity number: 1170256

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8 - 9
Notes to the financial statements 10 - 22

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees Sonia Parnell, Trustee (16/11/2016)
Nicholas Kingsley, Trustee (18/11/2016)
Lindsay Waddell, Trustee (18/11/2016)
Dr Sian Whitehead, Trustee (15/06/2017)
David Hall, Trustee (01/10/2022)
Company registered
number
Charity registered
number
Registered office
Principal operating
office
Chief executive officer
Accountants
Solicitors		 CE009076
1170256
Dunwood
Church Road, Beetley
Dereham
Norfolk
NR20 4AB
Dunwood
Church Road, Beetley
Dereham
Norfolk
NR20 4AB
Sonia Parnell
Larking Gowen LLP
Chartered Accountants
Faiers House
Gilray Road
Diss
IP22 4WR
Sprake and Kingsley
16 Broad Street
Bungay
Suffolk
NR35 1EN

Page 1

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their annual report together with the financial statements of the Philip Wayre Upland Trust for the 1 January 2023 to 31 December 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the charity commission relating to public benefit.

The objectives of the charity are: to protect and restore endangered upland wildlife and wild areas; to increase peoples awareness, knowledge and understanding of the value of upland conservation including the restoration of lost landscapes for future generations; to advance the education and knowledge of the public in conservation through scientific study and research.

b. Activities undertaken to achieve objectives

The activities on the Trust’s two unique upland sites have remained largely unchanged with consolidation being the main aim for the year. The conservation of a diversity of habitat for priority target species including black grouse and breeding waders continue as the Trust’s objectives. Most activities carried out by the Trust are monitored thus providing scientific evidence for the effectiveness of these approaches to upland management. Some of this monitoring is done in partnership with other conservation bodies, collectively contributing to the conservation-based environmental outcomes of halting the further decline of red-listed upland species. The monitoring of sightings by volunteers is also a useful tool contributing to scientific evidence. All evidence is available to view on the Trust’s regularly updated website which shows on-going work, bird and plant species found on site, survey results and inviting any interested party to contact its volunteer wardens or trustees to arrange guided visits to its sites.

c. Main activities undertaken to further the Company's purposes for the public benefit

Managed grazing, rush cutting, prevention of bracken invasion, and tree planting are all activities undertaken on both sites to improve long-term sustainability and the regeneration of habitat. The on-going project of regenerating eroded areas by planting dwarf shrub and sphagnum moss has continued with the aim of improving levels of soil carbon and sequestration. Reseeding with dwarf shrub seed continued on approximately 100 2m squared plots at Lintzgarth, while hazel whips were planted in the ghyl at Thornhope, approximately 10 groups of 10. Independent bird counts were commissioned in addition to the wardens’ own weekly monitoring. The monitoring carried out by the Trust’s wardens and volunteers is an important part of good evidence vital for scientific study and future management planning. Regular maintenance of drains, walls, fences and footpaths is an on-going activity together with predation control and survey work, such as the water vole survey which can be found on the website. Additionally, a breeding bird survey was undertaken at Lintzgarth. Although this confirmed stable numbers of breeding lapwing, it found some declines in populations of other ground-nesting bird species and suggested the need for a review of current site management.

Page 2

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Achievements and performance

a. Review of activities

2023 has proved a good year for consolidation of the management of the sites. Two new site vehicles have been purchased making rush cutting and monitoring less time consuming and quieter. A new roof was put on the main working hut at Lintzgarth which is now a better area for volunteers to work and store equipment. A successful dwarf shrub reseeding took place on the top of the fell on Lintzgarth in August and the increased number of scrapes on both sites were found to be full of spaghnum moss, which should contribute to carbon sequestration. The meadows did not fare so well this year with less growth due to the dry summer. There were two broods of barn owls, 5 in the first, 3 in the second. The Trust’s new warden was ably assisted by his predecessor in a continuance of induction. Access for the public and volunteers has been improved with cattle grids being removed and two new bridges installed.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The reserves policy of the company is to maintain a level of reserves which secures the long term financial stability of the company by managing income and expenditure carefully so as to achieve its aims, and ensuring the company has sufficient funds to cover any unforeseen expenditure that may occur.

Structure, governance and management

a. Constitution

The company was established as a foundation model Charitable Incorporated Organisation (CIO). It was incorporated and registered with the Charity Commission on the 18 November 2016 and the registered charity number is 1170256.

The principal object of the company is to promote the conservation of the environment by the preservation and protection of endangered upland wildlife and wild areas, and by raising public awareness of the value of conservation of unique habitats, and to advance the education of the public in conservation by means that include the promotion and support of scientific study and research.

Page 3

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

The management of the company is the responsibility of the trustees who are elected and co-opted under the terms of the constitution. There must be at least three trustees. There is no maximum number of trustees that may be appointed.

In selecting individuals for appointment as trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

The only persons eligible to be members of the CIO are its charity trustees. Membership of the CIO cannot be transferred to anyone else. Any member and charity trustee who ceases to be a charity trustee automatically ceases to be a member of the CIO.

c. Organisational structure and decision-making policies

Any decision may be taken by the charity trustees either:

at a meeting of the charity trustees; or

by resolution in writing or electronic form agreed by all of the charity trustees, which may comprise either a single document or several documents containing the text of the resolution in like form to each of which one or more charity trustees has signified their agreement.

The charity trustees may delegate any of their powers or functions to a committee or committees, and if they do, they shall determine the terms and conditions on which delegation is made. The charity trustees may at any time alter those terms and conditions, or revoke the delegation.

d. Policies adopted for the induction and training of Trustees

The charity trustees will make available to each new charity trustee, on or before his or her first appointment:

Funds held as custodian

The CIO currently holds no funds as custodian.

Page 4

PHILIP WAYRE UPLAND TRUST IA company Ilmtted by guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 statement of Trustees. responsibllitles The Tnjstees l¥tho are also the directors of the Company for the purposes of company lawl are rèsponFAble f preparing the Trustees, ￿[x)rt and the financial statements in a¢¢tsrdance wlh applicable law and United lfjngdom At￿OUn￿￿g Standards (Unrted Kingdom Ganèrally A(tepted Accountr"ng Practi[￿). Company law wuires the Trustees to prepare finarrial statements for each finanial . Under company18W, the Trustees Ml￿ not approve the financial stslements unless they are satisfied that they give a true and fair vi of the state of affairs of the Company and of its intx)ming ￿SOUl￿S and application of resources, induding its income and expenditure. forthat period. In prepartng these finanaal statements, the Tnjstees are required to: select suitable accxjunting policies and then apply them rJ)nsistently." observe the methrxls and princ¢ple5 of the Charities SORP IFRS 1021.. make judgments and a(￿Unting estimates that are reasonable and prudent., slate whether applicable UK Aco)unb'ng Standards (FRS 102) have been followed, subject to any materFal d8Partures disclosed and explained in the financial statements,. prepare the financial statements on the g￿ng cOr￿M basis unless it is inappropriate to presume that the Company WEII continue in busine5S. The T¥ustees are respon&ble for keeping adequate accountt.ng records that are to show and explain the Company's transactions and disdose wth reasonable accuracy at any time the finan￿81 postion of the Company and enable them to ensLJre tl)at the finan¢ial statements comply with the Companies Act 2006. Th8y are also responsible for safeguarding the assets of the Company and han(￿ for 18kirrfJ reasonable steps for the prevention and detection of fraud arKI other irrègularities. Approved by order of the membw5 of the l)oard of Trustees and stgned on their l)ehalf by". Sonia Pamell (rrusteel Dgte". c2/. lo .aik Page 5

PHILIP WAYRE UPLAND TRUST (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Independent examiner's report to the Trustees of Philip Wayre Upland Trust ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Dated: 21 October 2024

Larking Gowen LLP Chartered Accountants Diss

Page 6

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023

Note
Income from:
Grants and donations:
3
Basic Farm Payment
Environmental Stewardship
Durham County Council - FiPL Grant
Investments:
4
. Other investments
Other income
5
Total income
Expenditure on:
Charitable activities:
6
Direct costs
Governance costs
Total expenditure
Net (expenditure)/income before net
gains/(losses) on investments
Net gains/(losses) on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
20,211
29,132
-
8,122
3,500
60,965
46,258
21,589
79,420
(18,455)
14,415
(4,040)
575,353
(4,040)
571,313		 Restricted
funds
2023
£
-
-
-
-
-
-
11,573
-
-
-
-
-
-
-
-		 Total
funds
2023
£
20,211
29,132
-
8,122
3,500
60,965
57,831
21,589
79,420
(18,455)
14,415
(4,040)
575,353
(4,040)
571,313		 Total
funds
2022
£
24,888
29,520
3,424
4,537
5,500
67,869
39,344
22,707
62,051
5,818
(52,102)
(46,284)
621,637
(46,284)
575,353

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

The notes on pages 10 to 22 form part of these financial statements.

Page 7

PHILIP WAYRE UPLAND TRUST (A company limited by guarantee) REGISTERED NUMBER: CE009076

BALANCE SHEET AS AT 31 DECEMBER 2023

Note
Fixed assets
Tangible assets
10
Investments
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
General funds
15
Total unrestricted funds
15
Total funds		 3,557
40,526
44,083
(3,279)
571,313		 2023
£
216,938
313,571
530,509
40,804
571,313
571,313
-
571,313
571,313		 5,026
88,700
93,726
(3,767)
575,353		 2022
£
170,613
314,781
485,394
89,959
575,353
575,353
-
575,353
575,353

Page 8

PHIUP WAYRE UPLAND TRUST {A company limited by guarantee) REGISTERED NUMBER.. CE009076 BALANCE SHEET (CONTINUED) AS AT 31 DECEPIBER 2023 The Company was entitled to exemption from audrt under section 477 of the Companies Aci 2006. The membeT5 have not ￿qUired the (xjmpany to obtsin audit for the year in question in accordance wth section 476 of Companiès Ad 2006_ The Trustees ackn￿edge their responsibilities for wmptying the requirements of the Act wth respèct to accounting re(xJrds and prepar*ion of finanrial Statements. Thè finanoal statements have baen preparad in aC£ordan￿ vthh the proVi￿On$ appAicable to èntities yjbject to the small companies regime. The financial slatemet)ts were approve(l and authorised for issue by the Trustees and sigrEd on their behatf by.. Sonia Parnell rusteel Dat8". a/./D The notes on pages 10 to 22 fomi part of these financial statements. Page 9

PHILIP WAYRE UPLAND TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. General information

The company is a Foundation Charitable Incorporated Organisation (CIO), incorporated in England and Wales, registered number CE009076. The members of the company are the trustees named on page 1.

The company's registered office is at Dunwood, Church Road, Beetley, Dereham, Norfolk, NR20 4AB.

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 Companies Act 2006.

Philip Wayre Upland Trust 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 Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 10

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

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

All expenditure is inclusive of irrecoverable VAT.

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £400 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

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.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property - No depreciation is charged
Other fixed assets - 25% Reducing balance

2.6 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 ‘Gains/(Losses) on investments’ in the Statement of financial activities.

Page 11

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 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.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.10 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 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 Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

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

Page 12

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

3. Income from donations and legacies

Unrestricted
funds
2023
£
Government grants
Basic Farm Payment
20,211
Environmental Stewardship
29,132
Subtotal
49,343
Council grants
-
49,343
Investment income
Unrestricted
funds
2023
£
Income from listed investments - dividends & interest
8,122
Other incoming resources
Unrestricted
funds
2023
£
Shooting rights
2,000
Grazing rent
1,500
3,500		 Total
funds
2023
£
20,211
29,132
49,343
-
49,343
Total
funds
2023
£
8,122
Total
funds
2023
£
2,000
1,500
3,500		 Total
funds
2022
£
24,888
29,520
54,408
3,424
57,832
Total
funds
2022
£
4,537
Total
funds
2022
£
2,000
3,500
5,500

4. Investment income

5. Other incoming resources

Page 13

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2023
£
Unrestricted - General
32,589
Unrestricted - Game and Wildlife Conservation Trust project
35,258
Designated - Fencing and walling
9,278
Designated - Rush cutting & bird surveys (FiPL)
2,295
79,420		 Total
2023
£
32,589
35,258
9,278
2,295
79,420		 Total
2022
£
37,694
710
14,560
9,087
62,051

7. Analysis of expenditure by activities

Unrestricted - General
Unrestricted - Game and Wildlife
Conservation Trust project
Designated - Fencing and walling
Designated - Rush cutting & bird surveys
(FiPL)
Total 2023
Total 2022		 Activities
undertaken
directly
2023
£
11,000
35,258
9,278
2,295
57,831
39,344		 Support
costs
2023
£
21,589
-
-
-
21,589
22,707		 Total
funds
2023
£
32,589
35,258
9,278
2,295
79,420
62,051		 Total
funds
2022
£
37,694
710
14,560
9,087
62,051

Page 14

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Unrestricted
- General
2023
Unrestricted
- Game and
Wildlife
Cons. Trust
project
2023
£
£
Repairs &
maintenance -
Lintzgarth
-
-
Repairs &
maintenance -
Thornhope
6,098
-
Fencing and
walling -
Lintzgarth
-
-
Fencing and
walling -
Thornhope
-
-
Game and
Wildlife
Conservation
Trust -
Partridge
project
-
35,258
Rush cutting &
bird surveys
-
-
Machinery
expenses
2,837
-
Vehicle repairs
and
maintenance
2,065
-
Protective
clothing
-
-
Total 2023
11,000
35,258
Total 2022
14,987
710		 Designated
- Fencing
and walling
2023
£
-
-
8,768
510
-
-
-
-
-
9,278
14,560		 Designated
- Rush
cutting &
bird
surveys
(FiPL)
2023
£
-
-
-
-
-
2,295
-
-
-
2,295
9,087		 Total
funds
2023
£
-
6,098
8,768
510
35,258
2,295
2,837
2,065
-
57,831
39,344		 Total
funds
2022
£
8,846
1,523
9,180
5,380
710
9,087
985
2,492
1,141
39,344

Page 15

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

7. Analysis of expenditure by activities (continued) Analysis of support costs

Unrestricted
- General
2023
£
Depreciation
7,184
Legal and professional fees
3,772
Travel & accomodation
6,228
Insurance
3,261
Training
-
Printing, postage & stationery
54
Advertising & website costs
269
Sundry expenses
313
Profit / (loss) on sale of fixed assets
(3,239)
Investment management costs
3,747
21,589
8.
Independent examiner's remuneration
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts		 Total
funds
2023
£
7,184
3,772
6,228
3,261
-
54
269
313
(3,239)
3,747
21,589
2023
£
1,200		 Total
funds
2022
£
2,215
5,462
6,190
2,672
1,664
71
187
282
-
3,964
22,707
2022
£
1,400

Page 16

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 December 2023, expenses totalling £ 2,831 were reimbursed or paid directly to 4 Trustees (2022 - £4,777 to 4 Trustees) .

The expenses reimbursed were travel, postage and other miscellaneous items purchased on behalf of the charity.

10. Tangible fixed assets

Cost or valuation
At 1 January 2023
Additions
Disposals
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
On disposals
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Freehold
property
£
163,852
-
-
163,852
-
-
-
-
163,852
163,852		 Other fixed
assets
£
45,728
58,270
(12,600)
91,398
38,967
7,184
(7,839)
38,312
53,086
6,761		 Total
£
209,580
58,270
(12,600)
255,250
38,967
7,184
(7,839)
38,312
216,938
170,613

Page 17

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

11.
Fixed asset investments
Cost or valuation
At 1 January 2023
Additions
Disposals
Revaluations
At 31 December 2023
12.
Debtors
Due within one year
Prepayments and accrued income		 2023
£
3,557
3,557		 Listed
investments
£
314,781
343,527
(359,647)
14,910
313,571
2022
£
5,026
5,026

13. Creditors: Amounts falling due within one year

Accruals and deferred income
14.
Financial instruments
Financial assets
Financial assets measured at fair value through income and expenditure		 2023
£
3,279
2023
£
40,526		 2022
£
3,767
2022
£
88,700

Financial assets measured at fair value through income and expenditure comprise cash at bank.

Page 18

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

15. Statement of funds

Statement of funds - current year

Balance at 1
January
2023
£
Unrestricted
funds
Designated
funds
Designated
Funds - all
funds
-
General Funds -
all funds
575,353
Total
Unrestricted
funds
575,353		 Income
£
Expenditure
£
-
(11,573)
60,965
(67,847)
60,965
(79,420)		 Transfers
in/out
£
11,573
(11,573)
-		 Gains/
(Losses)
£
-
14,415
14,415		 Balance at
31
December
2023
£
-
571,313
571,313

Page 19

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

15. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Designated
funds
Funds ring
fenced for
fencing and
walling
Funds ring
fenced for
rushcutting &
bird surveys
General funds
General Funds -
all funds
Total
Unrestricted
funds		 Balance at
1 January
2022
£
1,504
-
1,504
620,133
621,637		 Income
£
-
3,424
3,424
64,445
67,869		 Expenditure
£
(14,560)
(9,087)
(23,647)
(38,404)
(62,051)		 Transfers
in/out
£
13,056
5,663
18,719
(18,719)
-		 Gains/
(Losses)
£
-
-
-
(52,102)
(52,102)		 Balance at
31
December
2022
£
-
-
-
575,353
575,353

Page 20

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

16. Summary of funds

Summary of funds - current year

Balance at 1
January
2023
£
Designated
funds
-
General funds
575,353
575,353		 Balance at 1
January
2023
£
Designated
funds
-
General funds
575,353
575,353		 Income
£
Expenditure
£
-
(11,573)
60,965
(67,847)
60,965
(79,420)
Income
£
Expenditure
£
3,424
(23,647)
64,445
(38,404)
67,869
(62,051)		 Transfers
in/out
£
11,573
(11,573)
-
Transfers
in/out
£
18,719
(18,719)
-		 Gains/
(Losses)
£
-
14,415
14,415
Gains/
(Losses)
£
-
(52,102)
(52,102)		 Balance at
31
December
2023
£
-
571,313
571,313
Balance at
31
December
2022
£
-
575,353
Summary of funds - prior year
Designated
funds
General funds		 Balance at
1 January
2022
£
1,504
620,133
621,637
575,353

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
216,938
Fixed asset investments
313,571
Current assets
44,083
Creditors due within one year
(3,279)
Total
571,313		 Total
funds
2023
£
216,938
313,571
44,083
(3,279)
571,313

Page 21

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

17. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
170,613
314,781
93,726
(3,767)
575,353		 Total
funds
2022
£
170,613
314,781
93,726
(3,767)
575,353

Page 22