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← Philip Wayre Upland Trust

2024-12-31-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 2024

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 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9 - 10
Notes to the financial statements 11 - 23
The following pages do not form part of the statutory financial statements:
Charity detailed income and expenditure account 23 - 27

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 2024

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

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their Annual report together with the financial statements of the Philip Wayre Upland Trust for the period 1 January 2024 to 31 December 2024.

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 concentrated on the diversity of habitat for all breeding birds, particularly in view of the dismal weather conditions throughout the year. The spring was wet and cold well into June, then followed snow in November, not ideal conditions for breeding birds. Activities carried out by the Trust were 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, this year recording low breeding numbers. 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.

Page 2

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Objectives and activities (continued)

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

Managed grazing, rush and heather 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. Reseeding with dwarf shrub seed continued on the higher ground at Lintzgarth, while hazel whips were planted on both sites. Independent bird counts were commissioned in addition to the wardens’ own weekly monitoring, the results of which can be viewed on our website. These surveys confirmed 2024 as a poor year for upland breeding numbers due to the weather. This included butterflies as well as the target bird species 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. This year soil sampling was carried out by a team from Natural England. In addition the North Pennines National Landscape Partnership carried out the first surveys on both sites for its Adder Genetics Research project. This three year project will provide a complete picture of distribution and conservation status of adders in the North Pennines.

Page 3

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance

a. Review of activities

2024 was a busy year in difficult conditions particularly accessing all areas during heavy rainfall. However considerable input was made into site maintenance including pond repairs, fencing, walling, weather proofing the buildings at Lintzgarth, digging out existing drains and track improvements. A new volunteer with considerable experience and knowledge of upland management joined us and attended our trustees meeting in October together with our new finance officer. The ongoing heather reseeding has continued on the top of the fell on Lintzgarth and we have continued to increase the number of scrapes on both sites, important for both birds and insects as well as encouraging spaghnum moss to improve the levels of soil carbon and sequestration. The surveys carried out are an important area of the Trust’s work and all will continue into 2025 with results being published on the Trust’s website. Several visits from interested parties took place with our wardens showing the Trusts aims and objectives. These visits can be organised through the Trust’s website.

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 4

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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 5

PHILIP WAYRE UPLAND TRUST IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEO} FOR THE YEAR ENDED 310ECEMBER 2024 Stalement of Trustees, responsibilities The Trugtees (who are also the directors of the Company for the purposes of company law) are responsible for preparing th8 Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounllng Practice). Company law requires the Trustees to prepare flnancial statements for each financial . Under company law. the Trustees must not approve the financial statement8 unless they are satisfi8d that they give 8 tTue and fair view of the slate of affairs of the Company and of its incoming resources and application of resources. including its income and expenditure, for that Period. In preparing Ih8se financial statements. the Truslees are required to.. select SLtitable accounllng policies and then apply them consistently.. observe the methods and principles of the Charities SORP IFRS 102)., make judgments and accounting eslima16s that are reasonable and prudent., State whether applicable UK Accountlng Standards IFRS 102) have been followed, subject to any material departures disclosed and explained in the financial slalemonts., prepare the flnancial statements on the going concern basis unless It Is inappropriat8 lo presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufflcient lo show and explain the Company's transactions and disclose with reasonable accuTacy at any Ilme the flnancial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence lor taking feasonable steps for the prevention and detection of fraud and other irregulari118S. Approved by ord8r of the members of the board of Trustees and sign8d on their behalf by.. sonla Parnell Date.. 22 October 2025 Page 6

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024.

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: 24 October 2025

Larking Gowen LLP Chartered Accountants Diss

Page 7

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Income from:
Grants and donations:
3
Basic Farm Payment
Environmental Stewardship
Investments:
4
. Other investments
Other income
5
Total income
Expenditure on:
Charitable activities:
6
Direct costs
Support costs
Total expenditure
Net expenditure before net gains on investments
Net gains on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
-
30,133
7,669
3,800
41,602
33,265
36,245
69,510
(27,908)
2,447
(25,461)
571,313
(25,461)
545,852		 Total
funds
2024
£
-
30,133
7,669
3,800
41,602
33,265
36,245
69,510
(27,908)
2,447
(25,461)
571,313
(25,461)
545,852		 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

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

The notes on pages 11 to 23 form part of these financial statements.

Page 8

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

BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed assets
Tangible assets
10
Investments
11
Current assets
Debtors
12
Cash at bank and in hand
Current liabilities
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		 3,133
50,658
53,791
(1,300)
545,852		 2024
£
223,277
270,084
493,361
52,491
545,852
545,852
-
545,852
545,852		 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

Page 9

PHILIP WAYRE UPLAND TRUST (A company limited by guarantee) REGISTERED NUMBER: CE009076 BALANCE SHEET {CONTINUEDI AS AT 31 DECEMBER 2024 The Company was 8ntilled to exemption from audit under section 477 of the Companies AGI 2006. The members have not requir6d thè company to obtain an audit for the year in question In accordance with section 476 of Companies Act 2006. The Trustees acknO￿Odge their responsibilities for complylng wlth the requirements of the Acl with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance wtth the provisions applicable to enlilies subject to th6 small companies regime. The financial statements were approved and authorlsed for issue by the Trustees and signed on their behalf by.. Sonia Parnell Datè: 22 October 2025 The notes on pages 1110 23 form part of these financial statements. Page 10

PHILIP WAYRE UPLAND TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 11

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 upon the completion of the relevant performance-related conditions. Other grants that are not subject to performance-related conditions are credited to the Statement of financial activities as the grant proceeds are received. Grants received prior to the revenue recognition criteria being satisfied are recognised as a liability.

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:

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 12

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 13

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

3. Income from donations and legacies

Unrestricted
funds
2024
£
Government grants
Basic Farm Payment
-
Environmental Stewardship
30,133
Subtotal
30,133
30,133
4.
Investment income
Unrestricted
funds
2024
£
Income from listed investments - dividends & interest
7,669
5.
Other incoming resources
Unrestricted
funds
2024
£
Grazing rent
2,000
Shooting rights
1,800
3,800		 Total
funds
2024
£
-
30,133
30,133
30,133
Total
funds
2024
£
7,669
Total
funds
2024
£
2,000
1,800
3,800		 Total
funds
2023
£
20,211
29,132
49,343
49,343
Total
funds
2023
£
8,122
Total
funds
2023
£
1,500
2,000
3,500

Page 14

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2024
£
Unrestricted - General
66,353
Designated - Fencing and walling
931
Designated - Rush cutting & bird surveys (FiPL)
2,226
69,510		 Total
2024
£
66,353
931
2,226
69,510		 Total
2023 (as
restated)
£
67,847
9,278
2,295
79,420

7. Analysis of expenditure by activities

Unrestricted - General
Designated - Fencing and walling
Designated - Rush cutting & bird surveys
(FiPL)
Total 2024
Total 2023		 Activities
undertaken
directly
2024
£
30,108
931
2,226
33,265
57,831		 Support
costs
2024
£
36,245
-
-
36,245
21,589		 Total
funds
2024
£
66,353
931
2,226
69,510
79,420		 Total
funds
2023 (as
restated)
£
67,847
9,278
2,295
79,420

Page 15

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Unrestricted
- General
2024
Unrestricted
- Game and
Wildlife
Cons. Trust
project
2024
Designated
-
Rushcutting
& bird
surveys
(FiPL)
2024
£
£
£
Repairs & maintenance -
Lintzgarth
21,400
-
-
Repairs & maintenance -
Thornhope
457
-
-
Fencing and walling - Lintzgarth
-
931
-
Fencing and walling -
Thornhope
-
-
-
Rush cutting & bird surveys
-
-
2,226
Machinery expenses
2,056
-
-
Vehicle repairs and
maintenance
5,864
-
-
Protective clothing
331
-
-
Total 2024
30,108
931
2,226
Total 2023
46,258
9,278
2,295		 Total
funds
2024
£
21,400
457
931
-
2,226
2,056
5,864
331
33,265
57,831		 Total
funds
2023 (as
restated)
£
35,258
6,098
8,768
510
2,295
2,837
2,065
-
57,831

Page 16

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Unrestricted
- General
2024
£
Insurance
4,532
Printing, postage & stationery
-
Legal & professional fees
3,940
Travel & accomodation
5,234
Advertising & website costs
238
Training
1,374
Sundry expenses
346
Investment management costs
3,388
Depreciation
17,193
Profit / (loss) on sale of fixed assets
-
36,245
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
2024
£
4,532
-
3,940
5,234
238
1,374
346
3,388
17,193
-
36,245
2024
£
1,300		 Total
funds
2023
£
3,261
54
3,772
6,228
269
-
313
3,747
7,184
(3,239)
21,589
2023
£
1,200

Page 17

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 December 2024, expenses totalling £ 3,388 were reimbursed or paid directly to 3 Trustees (2023 - £2,831 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 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
Net book value
At 31 December 2024
At 31 December 2023		 Freehold
property
£
163,852
-
163,852
-
-
163,852
163,852		 Other fixed
assets
£
91,398
23,532
114,930
38,312
17,193
59,425
53,086		 Total
£
255,250
23,532
278,782
38,312
17,193
223,277
216,938

Page 18

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

11.
Fixed asset investments
Cost or valuation
At 1 January 2024
Additions
Disposals
Revaluations
At 31 December 2024
12.
Debtors
Due within one year
Prepayments and accrued income		 2024
£
3,133
3,133		 Listed
investments
£
313,571
125,093
(169,364)
784
270,084
2023
£
3,557
3,557

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		 2024
£
1,300
2024
£
50,658		 2023
£
3,279
2023
£
40,526

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

Page 19

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. Statement of funds

Statement of funds - current year

Balance at 1
January
2024
£
Unrestricted
funds
Designated
funds
Designated
Funds - all
funds
-
General Funds -
all funds
571,313
Total
Unrestricted
funds
571,313		 Income
£
Expenditure
£
-
(3,157)
41,602
(66,353)
41,602
(69,510)		 Transfers
in/out
£
3,157
(3,157)
-		 Gains/
(Losses)
£
-
2,447
2,447		 Balance at
31
December
2024
£
-
545,852
545,852

Page 20

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Designated
funds
Designated
Funds - all
funds
General funds
General Funds -
all funds
Total
Unrestricted
funds		 Balance at
1 January
2023
£
-
575,353
575,353		 Income
£
-
60,965
60,965		 Expenditure
£
(11,573)
(67,847)
(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 21

(A company limited by guarantee)

PHILIP WAYRE UPLAND TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16. Summary of funds

Summary of funds - current year

Balance at 1
January
2024
£
Designated
funds
-
General funds
571,313
571,313		 Balance at 1
January
2024
£
Designated
funds
-
General funds
571,313
571,313		 Income
£
Expenditure
£
-
(3,157)
41,602
(66,353)
41,602
(69,510)
Income
£
Expenditure
£
-
(11,573)
60,965
(67,847)
60,965
(79,420)		 Transfers
in/out
£
3,157
(3,157)
-
Transfers
in/out
£
11,573
(11,573)
-		 Gains/
(Losses)
£
-
2,447
2,447
Gains/
(Losses)
£
-
14,415
14,415		 Balance at
31
December
2024
£
-
545,852
545,852
Balance at
31
December
2023
£
-
571,313
Summary of funds - prior year
Designated
funds
General funds		 Balance at
1 January
2023
£
-
575,353
575,353
571,313

17. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2024
£
Tangible fixed assets
223,277
Fixed asset investments
270,084
Current assets
53,791
Creditors due within one year
(1,300)
Total
545,852		 Total
funds
2024
£
223,277
270,084
53,791
(1,300)
545,852

Page 22

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

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

Page 23

PHILIP WAYRE UPLAND TRUST

(A company limited by guarantee)

CHARITY DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

Lintzgarth
Thornhope
2024
2024
£
£
Income from:
Grants and donations:
Unrestricted:
Basic Farm Payment
-
-
Environmental Stewardship
14,742
15,391
Investments:
Dividends
Unit Trust Interest
Interest
Other Income:
Grazing rent
2,000
-
Shooting rights
-
-
Total Income
Memo only		 Unrestricted Designated

Page 24