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2020-11-05-accounts

North York Moors National Park Trust

Report of the Trustees and Unaudited Financial Statements for the Year Ended

30 November 2020

Registered Company Number: 09861371 Registered Charity Number: 1170387

Ashby Berry Coulsons

Chartered Accountants

Two Belgrave Crescent Scarborough

North York Moors National Park Trust

Contents of the Financial Statements for the Year Ended 30 November 2020

Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements

North York Moors National Park Trust

Reference and Administrative Details for the Year Ended 30 November 2020

Trustees T Hind Appointed 28 September 2020 J J Cornish D U Fairburn M L Bowes S L Palmer C G Pearson D A Trebilco J A Hutton Resigned 23 July 2020 A M Wilson Resigned 31 July 2020 B T Araia Appointed 14 May 2020 M F Swallow Appointed 2 January 2021 Registered office The Old Vicarage Bondgate Helmsley York YO62 5BP Registered company number 09861371 (England and Wales) Registered charity number 1170387 Independent examiner Ashby Berry Coulsons 2 Belgrave Crescent Scarborough North Yorkshire YO11 1UB Bankers Barclays Bank 193 High Street Northallerton DL7 8LJ

Page 1

North York Moors National Park Trust

Report of the Trustees for the Year Ended 30 November 2020

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

This report includes the directors' report required by company law.

Objectives and activities

The objects of North York Moors National Park Trust are to both promote the benefit of and advance the education of the public in the sustainability, conservation, protection and enhancement of the physical, natural and cultural environment the North York Moors including its landscape and wildlife. This will include; improvement of the built heritage and environment; recording local traditions and customs, supporting traditional skills, promoting all arts inspired by the North York Moors and supporting community groups and facilities which help achieve these aims.

Due to the ongoing Covid 19 situation, Trust activities have reduced. However, discussions are ongoing on how to move the Trust forward by carrying out a strategic review to ensure that the Trust is better resourced, increases income and raises its profile. In addition, the Trust carried out the following activities for public benefit;

All Trustees have been issued with;

Achievement and performance

The Trust carried out the following activities for public benefit;

Page 2

North York Moors National Park Trust

Report of the Trustees for the Year Ended 30 November 2020

Financial review

At 30 November 2020, total reserves were £375,477 (2019: £362,308). Of these, £4,797 were restricted funds, with the balance of £370,680 being unrestricted funds. As seen from the balance sheet, these reserves are broadly in line with the Trust’s reserves policy established on 8 March 2019, which is that the balance of unrestricted reserves should be allocated as follows:

  1. 1 year's annual employment costs of approximately £17,000 and an additional £10,000 resource budget should be held in the Trust's Current Account

  2. An additional 2 years of these respective costs should be held in an accessible short term investment account.

  3. The remainder of reserves should be held in a medium return, long term ethical investment portfolio.

The trustees consider that the principal risk facing the charity is a lack of resources to attract funds and carry out project work and promotion. They aim to manage this risk through creating an investment income stream .as outlined above.

Structure, governance and management

North York Moors National Park Trust was incorporated as a company limited by guarantee on 6 November 2015 and registered as a charity on 25 November 2016. The charitable company is governed by its memorandum and articles of association.

The administration is controlled and directed by the charity's trustees. New trustees are appointed by current trustees in accordance with the relevant provisions in the articles of association. All new Trustees are supplied with relevant Charity Commission guidance and this has been discussed at Trustee meetings as appropriate.

There is a relationship with the North York Moors National Park Authority in terms of sharing a Chief Officer, donation of limited financial resources and staff time.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity'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) issued in October 2019.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................. T Hind - Trustee

Page 3

Independent Examiner's Report to the Trustees of North York Moors National Park Trust

Independent examiner's report to the trustees of North York Moors National Park Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2020.

Responsibilities and basis of report

As the charity's trustees of the Company (and also 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 your charity's accounts as 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.

Anne Mead BSc FCA Institute of Chartered Accountants in England and Wales Ashby Berry Coulsons 2 Belgrave Crescent Scarborough North Yorkshire YO11 1UB

Date: .............................................

Page 4

North York Moors National Park Trust

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 November 2020

Unrestricted
fund
Notes
£
Income and endowments from
Donations and legacies
2
1,001
Charitable activities
5
Core activities
-
Other trading activities
3
900
Investment income
4
6,454
Total
8,355
Expenditure on
Raising funds
6
-
Charitable activities
7
Core activities
19,158
Total
19,158
Net gains on investments
19,175
NET INCOME
8,372
Reconciliation of funds
Total funds brought forward
362,308
Total funds carried forward
370,680
Restricted
fund
£
3,247
15,000
-
-
18,247
-
13,450
13,450
-
4,797
-
**4,797 **
2020
Total
funds
£
4,248
15,000
900
6,454
26,602
-
32,608
32,608
19,175
13,169
362,308
375,477
2019
Total
funds
£
7,195
581
-
1,946
9,722
(75)
14,970
14,895
7,164
1,991
360,317
362,308

The notes form part of these financial statements

Page 5

North York Moors National Park Trust (Registered number: 09861371)

Balance Sheet 30 November 2020

Notes
Fixed assets
Investments
14
Current assets
Debtors
15
Investments
16
Cash at bank
Creditors
Amounts falling due within one year
17
Net current assets
Total assets less current liabilities
NET ASSETS
Funds
19
Unrestricted funds
Restricted funds
Total funds
2020
£
312,414
900
54,325
12,265
67,490
(4,427)
63,063
375,477
375,477
370,680
4,797
375,477
2019
£
286,953
2,664
54,157
21,553
78,374
(3,019)
75,355
362,308
362,308
362,308
-
362,308

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

North York Moors National Park Trust (Registered number: 09861371)

Balance Sheet - continued 30 November 2020

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. T Hind - Trustee

The notes form part of these financial statements

Page 7

North York Moors National Park Trust

Notes to the Financial Statements for the Year Ended 30 November 2020

1. Accounting policies

General information

North York Moors National Park Trust is a charitable company limited by guarantee registered in England / Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are to promote, and advance the education of the public in, the sustainability, conservation, protection and enhancement of the physical, natural and cultural environment of the North York Moors.

Basis of preparing the financial statements

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Judgements and key sources of estimation uncertainty

The trustees consider that no judgements, apart from those involving estimates, have been made in the process of applying the above accounting policies which have had a significant effect on amounts recognised in the financial statements.

The trustees consider that no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date have been made which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

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.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

continued...

Page 8

North York Moors National Park Trust

Notes to the Financial Statements - continued for the Year Ended 30 November 2020

1. Accounting policies - continued

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised at fair value when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of specified services is deferred until the criteria for income recognition are met.

Donated services and facilities

Donated services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees' Annual Report.

On receipt, donated professional services and donated facilities are recognised on the basis of the fair value of the gift to the charity which is the amount the charity 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.

Investment income receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

continued...

Page 9

North York Moors National Park Trust

Notes to the Financial Statements - continued for the Year Ended 30 November 2020

1. Accounting policies - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities

Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include administrative and governance costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Recognised gains and losses

All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the statement of financial activities.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investments

Fixed asset and current investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted mid-market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation

The charity is exempt from corporation tax on its charitable activities.

continued...

Page 10

North York Moors National Park Trust

Notes to the Financial Statements - continued for the Year Ended 30 November 2020

1. Accounting policies - continued

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. In their view the budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2. Donations and legacies

Donations and legacies
2020 2019
£ £
Donations 4,248 7,195

£3,247 of the above income was attributable to restricted funds (2019-£nil) and £1,001 (£2019 - £7,195) to unrestricted funds.

The North York Moors National Park Authority has also donated staff time to the Trust, primarily in respect of project development work. The value of this time is not quantifiable for the current or preceding year.

3. Other trading activities

Other trading activities
2020 2019
£ £
Christmas tree sales 900 -

All the above income for the current and preceding year was attributable to unrestricted funds.

4. Investment income

Investment income
Deposit account interest
2020
£
6,286
168
**6,454 **
2019
£
1,789
157
1,946

All the above income for the current and preceding year was attributable to unrestricted funds.

continued...

Page 11

North York Moors National Park Trust

Notes to the Financial Statements - continued for the Year Ended 30 November 2020

5. Income from charitable activities

Income from charitable activities
Art Award entrance fees
Grants
2020
£
-
15,000
15,000
2019
£
581
-
581

All the above income for the current year was attributable to restricted funds and that for the preceding year, to unrestricted funds. See Note 19 for further details of grants. There were no unfulfilled conditions or other contingencies attaching to grants recognised in income for the year ended 30 November 2020.

6. Raising funds

Raising donations and legacies

Pre-sale property maintenance costs 2020
£
-
2019
£
(75)

All the above expenditure for the current and preceding year was attributable to unrestricted funds.

7. Charitable activities costs

Core activities
Comparatives for charitable activities costs
Core activities
Grant
funding of
activities
Support
Direct
(see note
costs (see
Costs
8)
note 9)
£
£
£
29,821
1,000
1,787
11,064
1,000
2,906
Totals
£
32,608
14,970

£13,450 of the total costs for the current year was attributable to restricted funds and £19,158 to unrestricted funds. In the preceding year all the expenditure was attributable to unrestricted funds.

continued...

Page 12

North York Moors National Park Trust

Notes to the Financial Statements - continued
for the Year Ended 30 November 2020
8. Grants payable
2020 2019
£ £
Young Ranger (2019-Art) Awards to individuals 1,000 1,000
.
9. Support costs
Governance
costs
£
Core activities **1,787 **
Comparatives for support costs
Governance
costs
£
Core activities 2,906
Support costs, included in the above, are as follows:
Governance costs
2020 2019
Core Total
activities
activities
£ £
Independent Examiner's remuneration
1,678 1,394
Trustees' indemnity insurance - current year 109 328
Trustees’ indemnity insurance - previous year - 218
Corporation tax return 2018 - 492
Corporation tax return 2017 - 474
**1,787 ** 2,906

continued...

Page 13

North York Moors National Park Trust

Notes to the Financial Statements - continued

for the Year Ended 30 November 2020

10.
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
Independent examination - current year
Independent examination - previous year
11.
Trustees' remuneration and benefits
No remuneration was paid to any of the trustees (2019- £Nil).
Trustees' expenses
No trustee had any expenses reimbursed (2019 £Nil).
12.
Staff costs
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Part time
The full time equivalent number of staff was 0.4 (2019 - 0.4).
No employees received emoluments in excess of £60,000.
2020
£
1,000
678
2020
£
12,606
717
2,192
15,515

2020
2

continued...

Page 14

North York Moors National Park Trust

Notes to the Financial Statements - continued for the Year Ended 30 November 2020

13. Comparatives for the statement of financial activities

13. Comparatives for the statement of financial activities
Unrestricted
fund
£
Income and endowments from
Donations and legacies 7,195
Charitable activities
Core activities 581
Investment income 1,946
Total 9,722
Expenditure on
Raising funds (75)
Charitable activities
Core activities 14,970
Total 14,895
Net gains on investments 7,164
NET INCOME 1,991
Reconciliation of funds
Total funds brought forward 360,317
Total funds carried forward 362,308
14. Fixed asset investments
Listed
investments
£
Market value
At 1 December 2019 286,953
Additions 6,286
Revaluations 19,175
At 30 November 2020 312,414
Historic cost
At 30 November 2020 286,075
At 30 November 2019 279,789

Page 15

continued...

North York Moors National Park Trust

Notes to the Financial Statements - continued

for the Year Ended 30 November 2020

15.
Debtors: amounts falling due within one year
Other debtors
Prepayments and accrued income
16.
Current asset investments
CCLA deposit account
17.
Creditors: amounts falling due within one year
Other creditors
Accrued expenses
18.
Analysis of net assets between funds
Unrestricted
fund
£
Fixed asset investments
312,414
Current assets
62,693
Current liabilities
(4,427)
370,680
Restricted
fund
£
-
4,797
-
**4,797 **
2020
£
900
-
900
2020
£
54,325
2020
£
800
3,627
4,427
2020
Total
funds
£
312,414
67,490
(4,427)
375,477
2019
£
2,555
109
2,664
2019
£
54,157
2019
£
-
3,019
3,019
2019
Total
funds
£
286,953
78,374
(3,019)
362,308

All activity in the preceding year was in respect of unrestricted funds.

Page 16

continued...

North York Moors National Park Trust

Notes to the Financial Statements - continued

for the Year Ended 30 November 2020

19. Movement in funds

Unrestricted funds
General fund
Restricted funds
CaBA - Catchment Partnership
Support Grant
Turtle Dove Project
Brought
forward
£
362,308
-
-
-
Incoming
resources
£
8,355
15,000
3,247
Resources
expended
Investment
gains/
(losses)
£
£
(19,158)
19,175
(13,450)
-
-
-
(13,450)
-
Carried
forward
£
370,680
1,550
3,247
4,797
18,247

The CaBA grant is for improving the habitat in the catchment of the River Esk.

Comparatives

Unrestricted funds
General fund
Brought
forward
£
360,317
Incoming
resources
£
9,722
Resources
expended


£
(14,895)
Investment
gains/
(losses)
£
7,164
Carried
forward
£
362,308

20. Related party disclosures

The Trust has a relationship with the North York Moors National Park Authority, which donates limited financial resources, staff time and office accommodation and supplies. Two trustees are also current members of the Authority, the Chair of the Trust is Chief Executive of the Authority and the Trust's Chief Officer is also an employee of the Authority. Both the Trust and the Authority are aware of the need to maintain and safeguard the independence of the Trust.

Page 17

North York Moors National Park Trust

Detailed Statement of Financial Activities
for the Year Ended 30 November 2020
Income and endowments
Donations and legacies
Donations
Other trading activities
Christmas tree sales
Investment income
Investment income
Deposit account interest
Charitable activities
Art Award entrance fees
Grants
Total incoming resources
Expenditure
Raising donations and legacies
Pre-sale property maintenance costs
Charitable activities
Wages
Social security
Pensions
Postage and stationery
Website
Project costs
Bank charges
Trees for planting
Miscellaneous expenses
Grants to individuals - Young Ranger
Awards (2019 Art Awards)
2020
£
4,248
900
6,286
168
6,454
-
15,000
15,000
26,602
-
12,606
717
2,192
44
-
13,450
12
800
-
1,000
30,821
2019
£
7,195
-
1,789
157
1,946
581
-
581
9,722
(75)
8,512
451
1,357
232
226
-
15
225
46
1,000
12,064

Support costs

This page does not form part of the statutory financial statements

Page 18

North York Moors National Park Trust

Detailed Statement of Financial Activities for the Year Ended 30 November 2020

Support costs
Governance costs
Independent Examiner's remuneration
Trustees' indemnity insurance - current year
Trustees’ indemnity insurance - previous year
Corporation tax return 2018
Corporation tax return 2017
Total resources expended
Net expenditure before gains and losses
Recognised gains and losses
Gains/losses on investments
Net income
2020
£
1,678
109
-
-
-
1,787
32,608
(6,006)
19,175
13,169
2019
£
1,394
328
218
492
474
2,906
14,895
(5,173)
7,164
1,991

This page does not form part of the statutory financial statements

Page 19