OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-11-05-accounts

North York Moors National Park Trust

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

30 November 2021

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 2021

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 2021

Trustees T Hind J J Cornish D U Fairburn M L Bowes S L Palmer C G Pearson D A Trebilco B T Araia resigned 11 November 2021 M F Swallow appointed 21 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 2021

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 2021. 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.

A strategic review was carried out in June/July 2021 with the aim of ensuring the Trust is better resourced, increases income and raises its profile. It was agreed to create a new post of an Executive Director for the Trust and recruitment commenced in November 2021. In addition, the Trust carried out the following activities for public benefit:

All Trustees have been issued with;

and have had regard to the guidance on public benefit contained therein.

Page 2

North York Moors National Park Trust

Report of the Trustees for the Year Ended 30 November 2021

Achievement and performance

The Trust carried out the following activities for public benefit:

Financial review

At 30 November 2021, total reserves were £426,875 (2020: £375,477). Of these, £20,150 were restricted funds, with the balance of £406,725 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 cost 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.

Page 3

North York Moors National Park Trust

Report of the Trustees for the Year Ended 30 November 2021

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 the Authority's CEO also being the Chair of the Trust and donation of limited financial resources and staff time by the authority to the Trust.

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 23 June 2022 and signed on its behalf by:

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

Page 4

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 2021.

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: 27 June 2022

Page 5

North York Moors National Park Trust

Statement of Financial Activities for the Year Ended 30 November 2021

(Incorporating an Income and Expenditure Account)

Unrestricted
fund
Notes
£
Income and endowments from
Donations and legacies
2
1,292
Charitable activities
5
Core activities
-
Other trading activities
3
1,096
Investment income
4
5,382
Total
7,770
Expenditure on
Charitable activities
6
Core activities
19,475
Net gains on investments
47,750
NET INCOME
36,045
Reconciliation of funds
Total funds brought forward
370,680
Total funds carried forward
406,725		 Restricted
fund
£
2,601
96,700
-
-
99,301
83,948
-
15,353
4,797
20,150		 2021
Total
funds
£
3,893
96,700
1,096
5,382
107,071
103,423
47,750
51,398
375,477
426,875		 2020
Total
funds
£
4,248
15,000
900
6,454
26,602
32,608
19,175
13,169
362,308
375,477

The notes form part of these financial statements

Page 6

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

Balance Sheet 30 November 2021

Notes
Fixed assets
Investments
13
Current assets
Debtors
14
Investments
15
Cash at bank
Creditors
Amounts falling due within one year
16
Net current assets
Total assets less current liabilities
NET ASSETS
Funds
18
Unrestricted funds
Restricted funds
Total funds		 2021
£
365,540
1,481
54,331
9,158
64,970
(3,635)
61,335
426,875
426,875
406,725
20,150
426,875		 2020
£
312,414
900
54,325
12,265
67,490
(4,427)
63,063
375,477
375,477
370,680
4,797
375,477

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

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

Balance Sheet - continued 30 November 2021

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 23 June 2022 and were signed on its behalf by:

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

The notes form part of these financial statements

Page 8

North York Moors National Park Trust

Notes to the Financial Statements for the Year Ended 30 November 2021

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 9

North York Moors National Park Trust

Notes to the Financial Statements - continued for the Year Ended 30 November 2021

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.

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

continued...

Page 10

North York Moors National Park Trust

Notes to the Financial Statements - continued for the Year Ended 30 November 2021

1. Accounting policies - continued

Expenditure

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

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.

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.

continued...

Page 11

North York Moors National Park Trust

Notes to the Financial Statements - continued for the Year Ended 30 November 2021

2. Donations and legacies

Donations 2021
£
3,893		 2020
£
4,248

£2,601 of the above income was attributable to restricted funds (2020: £3,247) and £587 (2020: £1,001) 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

Christmas tree sales 2021
£
1,096		 2020
£
900

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

4. Investment income

Investment income
Deposit account interest		 2021
£
5,376
6
5,382		 2020
£
6,286
168
6,454

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

5. Income from charitable activities

Grants
Grants received, included in the above, are as follows:
Heritage Lottery Fund – Woodland Restoration Team
Catchment Partnership Grant – Esk & Coast Catchment		 2021
£
96,700
2021
£
81,700
15,000
96,700		 2020
£
15,000
2020
£
-
15,000
15,000

All the above income for the current and previous year was attributable to restricted funds. There were no unfulfilled conditions or other contingencies attaching to grants recognised in income for the year ended 30 November 2021.

continued...

Page 12

North York Moors National Park Trust

Notes to the Financial Statements - continued for the Year Ended 30 November 2021

6. Charitable activities costs

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)
£
£
£
102,245
-
1,178
29,821
1,000
1,787		 Totals
£
103,423
32,608

£83,948 of the total costs for the current year was attributable to restricted funds (2020: £13,450) and £19,475 (2020: £19,158) to unrestricted funds.

7.
Grants payable
Core activities
8.
Support costs
Core activities
Comparatives for support costs
Core activities		 2021
£
-		 2020
£
1,000
Governance
costs
£
1,178
Governance
costs
£
1,787

continued...

Page 13

North York Moors National Park Trust

Notes to the Financial Statements - continued for the Year Ended 30 November 2021

8. Support costs - continued

Support costs, included in the above, are as follows:

Governance costs

Independent Examiner's remuneration
Trustees' indemnity insurance
9.
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
Independent examination - current year
Independent examination - previous year
10.
Trustees' remuneration and benefits
No remuneration was paid to any of the trustees (2020- £Nil).
Trustees' expenses
No trustee had any expenses reimbursed (2020 £Nil).
11.
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
No employees received emoluments in excess of £60,000.
The full time equivalent number of staff was 0.4 (2020: 0.4)		 2021
Core
activities
£
850
328
1,178
2021
£
950
(100)
2021
£
13,057
743
2,161
15,961

2021
2		 2020
Total
activities
£
1,678
109
1,787
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 2021

12.
Comparatives for the statement of financial activities
Unrestricted
fund
£
Income and endowments from
Donations and legacies
1,001
Charitable activities
Core activities
-
Other trading activities
900
Investment income
6,454
Total
8,355
Expenditure on
Charitable activities
Core activities
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
13.
Fixed asset investments
Market value
At 1 December 2020
Additions
Revaluations
At 30 November 2021
Historic cost
At 30 November 2021
At 30 November 2020		 Restricted
Total
fund
funds
£
£
3,247
4,248
15,000
15,000
-
900
-
6,454
18,247
26,602
13,450
32,608
-
19,175
4,797
13,169
-
362,308
4,797
375,477
Listed
investments
£
312,414
5,376
47,750
365,540
286,075
279,789

Page 15

continued...

North York Moors National Park Trust

Notes to the Financial Statements - continued for the Year Ended 30 November 2021

14.
Debtors: amounts falling due within one year
Other debtors
15.
Current asset investments
CCLA deposit account
16.
Creditors: amounts falling due within one year
Other creditors
Accrued expenses
17.
Analysis of net assets between funds
Unrestricted
fund
£
Investments
365,540
Current assets
44,820
Current liabilities
(3,635)
406,725
Comparatives for analysis of net assets between funds
Unrestricted
fund
£
Investments
312,414
Current assets
62,693
Current liabilities
(4,427)
370,680		 Restricted
funds
£
-
20,150
-
20,150
Restricted
funds
£
-
4,797
-
4,797		 2021
£
1,481
2021
£
54,331
2021
£
-
3,635
3,635
2021
Total
funds
£
365,540
64,970
(3,635)
426,875
2020
Total
funds
£
312,414
67,490
(4,427)
375,477		 2020
£
900
2020
£
54,325
2020
£
800
3,627
4,427
2020
Total
funds
£
312,414
67,490
(4,427)
375,477
2019
Total
funds
£
286,953
78,374
(3,019)
362,308

Page 16

continued...

North York Moors National Park Trust

Notes to the Financial Statements - continued for the Year Ended 30 November 2021

18. Movement in funds

Unrestricted funds
General fund
Restricted funds
Heritage Lottery Fund:
Woodland Restoration Team
Catchment Partnership Grant:
Esk & Coast Catchment
Turtle Dove Project
Comparatives
Unrestricted funds
General fund
Restricted funds
CaBA - Catchment Partnership
Support Grant
Turtle Dove Project		 Brought
forward
£
370,680
-
1,550
3,247		 Incoming
resources
£
7,770

81,700
15,000

2,601

99,301
£
8,355
15,000
3,247
18,247		 Resources
expended
Investment
gains/
(losses)
£
£
(19,475)
47,750
(76,465)
(13,450)
-
-
-
(83,948)
-
£
£
(19,158)
19,175
(13,450)
-
-
-
(13,450)
-		 Carried
forward
£
406,725
5.235
9,067
5,848
20,150
£
370,680
1,550
3,247
4,797
4,797
£
362,308
-
-
-

19. 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