RECISTERED CHAIUTY NUMBER.. 1176973 'IIU.S'l-Tr:Lr.s1 INAIN'fiill. S-I'A1'1,-hqlF N. 'C)R-I'llTr. Yfr:All l.:Yl i) Martin and Company 25 St ThomaB Str¢¢l WiDcheBter Hwnp$hii S023 9HJ
c.'Ii()l.l)Illll-()N F.S'l'A' -I'iiu.%'r 'I'li N'I'.% ()l.-"I'llb. l.'INANC'IAI..%'I'A'fii V31IN'I'.S I,'OJ11'I1. YI,-All P4ge Ref¢ren¢e Artd Adrnlntstr•llve Detall¥ Trwjteei, R¢port IDdepcmdent Examlmer s Report Statement of FlnAn¢lil ActlvltlcA BAlance Skntet Cish Flow St#tement Notei to tht C44h Flow Statement Nol¢i to the PlniMclMI StAtem¥nts 10 to 13 DotAlled Stitement ofFltt8nclal A¢tlvltl¥$
c.'I I()I.IPb:R'I'(>N II.4l' 'rF.'I'RIJ.SI' 111,-J.'P:111.-IYf.b:,KNI) AI)MINI4'1'ItA'I'IVI,' l)b.'I'AII. '.112U2.1 TRUSTEES Anthony Pry Ir05KBned 26.5.2023) Mcrrick Denion-Thomp%oll H¢nry Edmunds Trac¢ Willithls Mr¥ Perr¢n Edmund8 (appoiiittd 26.5,20231 pxtNCIPAL ADDRs 9 IA Downs RoBd South WDnstots wcheSter S0213EW REGISTERED CHAIUTY UMBER 1176973 JNDEPENDENT EXAMINER Marlin ind Company 25 St ThtsLnaB Slr¢¢t Winche51¢r Elampshirt S023 9HJ Page I
1'HF. C r•F.R T()N F. I'RU.%-I-F:L.S' RLPOIIT I.'OII 'I'LII,' YI,:AR .N1)rt.1j J l.%'l' l)l.'C.Tr:i),{Illi Il 2n2.1 The trustees pr¢s¢ni their r¢port wilh the fLnanci#l sl•iKneiiis of th¢ charity for thc year endcd 3151 Dec¢mkr 2023. Th¢ tTusle$s have adopted the provisions of A¢counlin8 and Reportin¥ by Charitic8.' Stalemcnl cf Recommeiidcd Prdcticc pplitfibl¢ to ¢harilie$ prepaTiLig th¢ir a¢¢ounis in accordMn¢e with the Finan¢i&l Reptsrti118 Slartdurd applicable in the UK and Republic of Ireland IFRS 1021 leffecliv¢ l Janu? 20191. Legal and £dmini8trative llifomuiion Set out on pag¢ I part of thL5 f¢poL'I OHJfi cfivES AND ACTIVITIES Oblcctlv05 llnd alms Th¢ Lhuriry's obje¢tives are.. Ihe advanccmeiil of cdu¢atiort in iYlalioD to environm¢nlal ld e¢ologi¢41 matters throu} hc PToiiiolion uf urgo1)ie knd su81*inable lannii)K and land manogem¢nt prthLIi¢c5 on Ihe Chold¥iton EslAle in Wilishire., ¢0 furth¢r Such chaii14bl¢ puipuyes l#¢¢ordin8 lo thc law of England Ind Wal¢$l as the chai'ily t81¢¢8 ¥¢e fil. Pvbilc benent The TTusi¢eb confirm that they hAve cumplicd with Ihc duty in s¢ciion 17 Df thc Charitie8 Acl 2011 and have r¢f¢rr¢d lo th¢ 8uid&n¢¢ ¢oniaiiied in the Cliarity CoiNIii¥8iDn'J g¥nero1 kwid8nce on public. P&gc 2
I'RII.%Tfi.F.S' IlP-I>()II'I'
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DJi.J) .1 l.%'I' I).[.1.:l Trr.112U2.1
AC.HIEVEM£N'f AND PLIRFORMANCE
Ch..Lrlt>Lble ULilwltl¥¥
21)23 was th¢ first year siiice 2020 whEn th¢ &otlVlllL% uf the Trust w¢i'c not impaGled by guvemTieot Llnposed
resii'ictioiis rolalin8 10 th¢ COVII) pandeniic. This meaiiT Ihal it was possible 10 &ccommodalc inore tainilics lo actei)d rhc
op¥ii day.£ lo 8ce H&irp.shirc Dvwn lambing Ln Februryry. ThiB lambing Is focus.¥ed on giving Ihe youngel geii¢r4ihoii an
ljlbiglii faniiiii8 life. SpT¢ad LlV¢I' 3 days the eveni, which w4s fr¢e of char8e and attracted inorc visilors Iliaii eveT.
'rruslee.¥ Jtid voluiiieer%. who regularly woi'k wilh Ihtt sli¢ep wer¢ vn hund 10 anSW¢T thc inany que8tion% pos¥d by
visiIL)rs, This succe.18] lyee of charge evL'rti will reinoiii a rE8ulg1' aimual feature.
Durin¥ Ilir laiier part of 2022 mucli efforl w8s put itilo th¢ Vi¢ioi'iMn kiichtn 8arden Rnd arbvreluin witli Ilie ttiiii of
opei)iJi8 Ilieiii Iv Ili¥ piiblii. Idcnlifying and IAbelliii& the 400 plu% tyees WDS Completed in 2023 oiid the firsi visilors,
¥&i¥tcd with d¢i4ilrd dc5cripiioiis, re able lo walk amuii¥sl Ili¢ni Liijuyinx Il)e wildflowe2'%.
'rrusl¢¢s110slcd vitiits to the Cholder(on E$iii¥ Ihrouslioui Ihc ycaL'. ofttolc wcrc..
Ilaiiipsliir¢ Advisory l3uai'd It) the SeLI'eiary ()fsiatc (Defr41.
I lamp.%hire l)own Slieep 8reeders As50¢1uliDn. Tlie Choldeit(>ii E¥l&lc was the winner of the 'Bc81 Br¢¢ding Bwe$
2023 and caiii¢ tliird in Ihe Largt Flock culeiTrory.
T l#iiipihirc Gardeiis -I'ruai. ExlL'liSlV¢ rcycarcli was can-ied Qui on Ih¢ history of Choldcrtvn Pai'k, the 8urdviu and
Ai'bui'eiuiTI. A fiiiol rcp011 li expe¥ied in 2024.
-Wi)I'k by_Ili¥Ji.'iJs.¢Lci
I'hroushuui 2023 th¢ (".holdcri
II'I'ON Es'fA'fF.'I-RUS-I' RT Nl)Tr:D 315.1. D 'I'he C.'C.AG held viraL illreljlJ8S IWILB its 2023. Ai Ihc n)eeiinR held in F'ebruary the Conipany, repic.%cnled by one of Ihe Trusiees thc CCA(r S¢t th¢ cli#i'8e% 5Lheme for Ilie yewr 2U23 2024. Lonsutn¢r ijivolveinetit in Ihis process Is now well estdbli¥lied. 'I'he conipany 1.4 profitable Riid was abl¥ to IlldkL' a doiwiion lo Tru¥( in Uie year end¢d MaTLlI 2023. Thei-e were LIO W4trr quality itt¢idcnl% tliroiighout Il)e period. I'iirilicr ittvcsliiibnl iu iiiipj'ove resilieiiw Lvlllinued ulong with mca5ur¢¥ lo iiiiprove Wdiei. ¢ftiGiency. Vulnerubilily to liigh nilraie Icvr15 r¥Tiiaiiis despiie the 8ucce$s of catchment managcmcnl prograimmef. Ftsr a tseLund year Ihcrc wcrL pr(bliinged perirJd.s ol rain lll Iii fehrudry. Oiiue aBain water in LtLnkcT5 W114 ne¢d¢d Ip diliile w&ier from lie ol. Ilitt bureliulcs ro mRini&in iiiltai¢ levels wilhin Ili¢ l)rinkiii¥ W4tei' Siaii(laid. 'I'he Enviroiiment Ag¢n¢y is Th2 TIiL81 has b¢¢ii fortunote Ih&l the Choldcrton l?$t&ie hNs iet 811 ¥osls rclaliii8 lo laini vi$¢LS, and thc trusiL'LS Ih¢ms¢lves have paid [][ theii. own ¢xpeii.ses. 'I'he wfttCT Lompany will Gontinu¢ lo yuppoi'l th¢ Tru¥l iircum8lan¢¢s p¢rmil. FINANLIAL Rb.VJV,W A5 ol 3141 Dccemhci. 2023 th¢ fviids uf Ihtt Lhority ainoLinled 10 £247,693. Ihv¢%tin¢thi pollLy •bJertlvoi ljnder th¢ Trust Dc¢d, Ihe Lhui'ity 11&8 tli¢ piiwr.r 10 Inake #ny iiivesliiieni whi¢h th¢'fruslees sre fil. 'I'he '] rusiees huve poljcy 10 ni)iiilaiii invcsim¢iii¥ 10 enbure thai a sufficient levcl o( inL<)mc 1$ 8encraled to tijrsd the r)nAoin8 operaiion41 ii¢eds ofih¢ Lhariiy. Ilei¢rv¢i pollcy li is lh¢ polic.y of tli¢ Trust i() In#iiiiain lis frr¢ rLscrv¢J 014 levcl wliich g¢neral¢% niaxiinuin iiivc51n?enl iiicome. STRUC.TURF,, GQVF,RNANCE Ayn MANAC.EMf,NT IpDVtrnlnK dociiniL'nl 'I'he clidTily wa.¥ e.%lMblish¢d by conslimtion AS a chariiablc incorpor&l¢d i)rBaiiisulÈun and I'¢¥i51rrcd the Ch&riiy C.ommis.%ivn on Sih F¢bruary 2018. RccJ'ultrti¢nt gppolnlniL'nl tsf nt%v Iruslees 'rh¢ chariiy is rc4uircd to have ) miniinuin of Ihr¢¢ truslLL%. New Iru%leB.% Inay be app¢inl¢d by a re%oluiion of the exi¥llllB truslrcs al & t4p¥cial meeting. Rl¥k mAria%einrtt 'I'lic Tru51LLS Iisve c#ri'ied out a r¢view of Ihe Lhariiy's hctivilies and lh¢ ri¥k5 to which it 1.% exp05cd 41)d confirni lh1 Appr(?ycd by ordcr of thc board of tnL%t¢e* un and $igiied on its bthalt'by.. Mi'8 sUlInall Perr¢n Edmuiids Tru%iee P&gc 4
U.%TlI,I,:.% or
TAI8 CHOLDERTON I.".STATL TRUST
Independent exMrnlJi¢r'a rep¢)rt to the trugleei of I'h& Cholderton Eitate Tru$t
I report tD the charity ttuslces on my cxaminati
I"HE I.DERTON 'l-A'l'l-, Mll IY'I. ()I,' I,'INIlNC'.IAI. AC.'-rii'11-11,: '.N-1111,-1121123 2023 Unre¥trleted fund 2022 Total funds Noles INCOME AND FNDOWMENTS FROM Don&tionE and l¢gacies 5,339 5.000 XPENDITVRF ON ChArltoblt Aetlvltl¢$ Environmeni It Fjcology 2.72 1 Nci 8oin81{loss¢$l on inveBtm¢nt8 {20,000) (20,0001 NET INCOMEI(LXPENDITURE) 11&630) 117,721) RECONCILIATIOPI OF FUNDS Total brought forward 264,J2J 282.044 TOTAI, FUNDS CARRIED VOIIWARJ) 247,693 264,12.3 I'he noteB forni part of Iheac f1n&nciAI $tat¢m¢nis P&t 6
II()I,Dli Rl. ALA IF.F.I' 2023 UArestrlcted fund 2022 Tot&1 d$ Notcs FJXKD ASSETS lj]v¢sim¢nts 240,000 260,000 CURRENT ASSETS C41h At bank 8,413 5,043 CREDITORS Amvunl¥ falling du¢ wilhin one yeAr 172Q) (72(>1 NET CUKR£N1' ASSKTS 7,693 4,32J TOTAL ASSETS LESS CURRENT LIABILITIES 247,693 264,323 NET ASSETS 247,693 264,323 ViJ14DS Unre¥lri¢ied fund5 247,693 264,32J TOTAL FUNDS 247,693 liiiunLilll statcm¢nls were &Jpproved by the T4oard of Tn1¢$ and aiithori,¥cd for 1sJue IiLr un Aiid werp 81gnLd on its behalf by.. Suyannih P¢ircn EdmLind$ I'riL5te¢ The noies foTm pari of these finincial qthtemettts Page 7
R'I-ON b5 'I'iius C.AS11 1.'1.l)W %l' FOR THC YF TlI.MKN 20 Z023 2022 Notcs CAih flows from opera¢lng tlvlde$ Lash g¢rt¢rgtcd from Operations 3,370 {2,721) N¢1 lash piovided byllusLd inl operalittK octiwllics 3,370 12,721) Chan8¢ In g&ih •nd ea8h ¢qulvalenti In the reporljng perld Cih and £ll$h ¥qulvAltnti at the beglnnln8 of tht reportlng perlod 3.370 12,721 } 5,043 7,764 Caih #nd 141h eqtslvAlents at Ihe end of th¢ r¢porllni PlrIOd 8,413 3,043 The n01¢8 fomi part of these financial slaternen13 PAÉ¢ 8
I.:%'I'ATF.'fRI18'J' '07...S.1.O'I.1jL C'ASFI I,'LOW TAl'klLT i) .1 i%'I' I).(.-.11lJ.-ll 2U23 KECOP4CILIATI(JN OF NET KXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES Z023 2022 Net expendlture fnr th¢ r¢portlrtg ptrlod (ag ptr the Statement of FlnAnclil A¢ilvltle8) AdJkn$lmeTrti for: Loss¢s on invc51inents D¢¢reasc in cr¢ditors {16,63O1 (17,7211 10.000 20,000 15,0001 Iyot tAsh provlded by/(ed In) OPL&rAiloni 3.370 12.7211 ANALYSIS OF CHAIYGES IN NET FUND.8 Al 1.1.23 CJ8h fluw At 3A.12.23 Cuh ol bank 5,043 3J?O 8,413 5,043 )J70 8,413 Total 3,043 3,370 ,413 Th¢ nolv8 form part of these financial gtht¢metst% Pagc 9
Clll)l.L)I,:Ill'()N It.%l'ik'E'f. TllUS'I' I'O I-IIE F'I Al, S'I'A'I'I,: cb- IIILII 2 ACCOUN'I'IIYG P()L,ICIF_8 B Y&515 ufpJ'epsLrlng Ihl, flnnElnl $ttht¢menla The finuncial .%iatcineiiis of tht ¢hJi'iEy, which is a publil bknefit entity undcr FRS I D2, hove been prcp4Ted in accordaiice wilh the C.liarilies SORP (FRS 1021 'Accuuiiting dnd Rrporiing by Churilies.. Siat¢m¢ni or Kecoinmended Praclice applicable lo charities pr¢pariiig Ih¢ir 8¢rounts iti a¢Goi'd?nL¢ willi the fiiio11¢ial Reporting Siaiidard &pplicHble in Iht IJK wid RLpublic of Ircland {FR.8 1021 (eft¢¢live l Janiiary 201YI', Finiin¢ial K¢poning Standard 102 'Thb biii&ncial Reporliiig Stand8rd appliGoble Iii th¢ UK llnd Republi¢ of Irelaiid, aiid the C.harilies Aci 2011. I'lie 111lkillLiiil ¥lalem¢iiis hav< been prepdred uiidcT the hisioi'ical Gosl Lonvenlion, wilh Ili¢ exceplton of Inve$linent5 wlijch are iiicliided at market Viilue, rKiudified by (he revaludiioii of Gertain a5sel8, The fLnaiiLial slateryierils have bLen prL'P4Lr¢d lu givc a 'irue ai)d fair. view hav¥ dEparted from Ilic Cliaritl¢S (Accounls hiid Il¢portsl Rtguluiioiis 2008 only l<) tl)C Lxl¢'ni r¢quiTLd lo provid¢ a 'livc and fair, vi¥w. This dcparlur# ha% iiivolvcd following A¢coiinliiig And licponing by Ch&ritie% prcpdt1ng Ili¢ii' acLounls iji accordaiice with thc I,-In&iici&l FirpoTlin¥ Siandard tLpplicable Iii lh¢ UK ond Rcpublic of Ircland IFRS1021 is.iu¢d in October 201 g rdiheT than the Accounlihg And Reporting by (:hariiic%.' Staieiiient of ReLornm¢nd¢d pi'actice eifeLiiv¢ froin Isl April 2005 whirh hus billLe b¥eii Withdr71. The Iniqiee8 consider Ihat Iher¢ thre no Inal¥rial uncerl4iiilies about thc C.hariiy's abilily lo continu¢ as N goin8 ti¢ern, In¢(Jm¢ IS Pfobable thai the In¢om¢ will bc rcccived Dnd Ihe aiijniinl ¢an be m¢asLircd reliably. .IPLndltur¢ Li&bilitle8 are recÉi8rtt4¢d a expendilure soon a& rlier¢ is # 1¢8al ui ¢Oli$liiL¢live obligation coiiitnillliix Ihc Lhuriiy to thul expenditure, li li proboble tliai o Iraii¥fcr r>l' On01n)C hen¢fils will bL' re4uirLII in irtilcrn¥iit aiid Eh¢ omouiii 0( Ihtt obligation can be lsUred reli&bly. Expcrtditure is accounted tor on hn occni&l.I bELSi8 and hai bocn ¢l&%sifi¢d uiider licadin85 111ai aBgrewiie dll ¢051 rclalcd 10 ihe c4t#Bory. Wliere cu%1$ Laiinot bc directly aiu'ibuled 10 pnrticiilar hc&dings Ilicy h¥¥vc bccii 8lloc&i¢d i() a¢iiviii¥J 011 # basi5 cunsisieni willi lh¢ us¢ uf re&ourLc5. Gr&nl& vrrered subjcrl lo coiidilioiis which hovc nnl been Inei at thr year end date are noted oi & cominiimoni bui nrjt accrued J8 ¥XP¢Tiditure. Tax#tlon Thc charity i& ¢xcDipi fi'oin lax on ilg ¢,hdriiublg activities. Fund Ac¢uunlltLg All filnds h¢ld by thc Lhuriry krc uiires11'ict¢d gencral fvnd5 which can be us¢d in accordanLb WLili thL clioriiabl¢ obj¢¢iivcs at th¢ di.%Lrctioii ol. Ihc Trusiees. TnvLlStments IiivL%llllCLllS includLd in Ilic Balance Slieei ai Ilieir markcl valuc it tlie year cnd. MuvLimLnls in markei vuluc are included in the Sr8iemeiJl of FinAncial ActivitlCS. PaEe 10 continued...
ciic)I,i>b.Ri'() Ib.%TA TE TRUKt' NOTES TO'fiiE r )R 'I'IIL YF.AR I.: NAN )ED3 1'S-L U2 EMB CFIARI'I'ABI,F. ACTIVII'IF.S COSIS Grnnt fijnding of Support co$ts1gec Dote 31 Toty19 Enviromiienl and Ecology 1,3J9 630 1,969 SUPPORT COSTS Gov¢manc¢ cost8 iviroiiinenl and Eeolosy 630 Support cosis, included in the Above. org 48 follows.. o*eTnhnct cD•li 1023 2022 iivirnnmeni Ind Ecology Tulal Independ¢nt cxamincr's fceB 6JU 600 I'ItUSTEES' REMUNLRATLON AND BENEFII'S There were no tru%tecB' reinunerotion or other bencfits for the yeRr ¢iid¢d 3 181 Drcclnber 2023 nor for thc ypar end¢d 3 1st De¢embor 2022, Truitoe$' exptnies Ther¢ wert no tru8l¢es' expenses poid for the year ended 3181 De¢¢mbcr 2023 nor for th¢ y¢ar ettded 3 l¥t n¢¢einb¢r 2022, STAFf COSTS Ther¢ Are no einploy¢¢¥ yo ¢on¥eqiietL¢ly no Bt8ff co$ty have been incuTred. FIXED ASSET INVESTMENTS invr8tm¢nls MARKET VALIJE Al J¥1 January 2023 Rovaluaii0113 260.000 (zo,ovoi Ai 3 1st D¢reinber 2023 240,IYOO NET BOOK VALU Ai 3 1st D¢¢embEf 2023 240,000 Ai 31 st Dcccmber 2022 260,000 coiiiittu¢d.
NCIAJ. S-I'A1.. iy'l'b FIXED A&iSET INVESTMENTS. coDtlnued There were investlnenl ets Outside ihe UK. The inve8unettt in Choldertoii & District Water CompHny Limit¢d is valued at cu¢1 market valuo. CREDITORS: AMOUNTS FALLING DUE WITHIIY ONF. YEAR 2023 2022 Accrued exp¢nsc8 720 720 MOVF.MEIYT IN Fuf4DS Nel moveJTr¢ni in funds Ai I,1.23 31.12.23 Urtr¢$lrl¢led fund$ Generul fund 264.323 116.630) 247,693 T01'AL FUNDS 264,323 247,693 Ncl Inovcm¢nt in funds, in¢lud¢d in th¢ ttbove arc as fulluw8', IOming r¢8ourcc8 R¢sow¢¢s expendcd aains and 1088¢8 Movenwnt in funds Unreitrlcted fund• GenEral fuThd S,JJ9 (1,969) {20,000> 116.6301 TOTAL FUNDS 5,339 11,969) 12U.(bVIJI CompurAtlYei for movèmertl In fundi N¢1 ihovemenl in fulld5 Ai Jl,12,22 At 1.1.22 Unrestrl¢t¢d fun* G¢ryer81 282,044 (17,7211 264,323 TOTAL FUNDS 282,U44 264.323 Page 12 continucd,..
E CFIOLD OT -.s 'ro TIIE I+1 IAL STA'I'E eonll MOVEMENT IN FUNDS- contlnutd Comparative net n)ov¢nienl in fund8, Lncluded in the obove Are as followB,' Incon8 re$our¢e8 Resources ¢xpend¢d (iaitjs fynd 108$¢5 MovEmenr in hmds Unr¢Jtrlcted fund¥ G¢nerol fkfftd 5,000 (1,721) (20,000) {17,721) TOTAL FUNDS 5,ODO 12,721> 120.000} RELATED PARTY DISCLOSUIIIS There werr no relAted p8rty tranSa¢tiv for the year ended 318t D¢c¢mb¢r 2023. Page 13
Il'l'l)N I¢.S-I'A'I'I,: I'RU.4-A- l)b."I'AII.li l) S'l il'l'li fvl b.N'I' nl,. I,'INANc'iAI. AC."I'Ivi'i'I.' '.INDI.:I) 31 ST UkCEMBF.R 2 2023 2022 INCOME AND LNDOWMENI'.8 Donatlons and Itgacles Dortations S,339 5,000 TolAI Incomlng re%our¢ea 5,33Y 5,000 EXPbNDITURE Chorltlble xctlvltlti Grnntl lo inJiitUlion$ 1,339 2,121 Support co$t8 GovernAnet colti IndepL'nd¢nl eX2nunrs fe¢8 630 600 TotAI reU¢0 ¢xpcnd¢d 1,969 2,721 Net InLom¢ b¢for* galnl ind lojsei 3,370 2,279 Re411ied r¢tognlied galnj find los8eJ Gain51llu8ses) on fJK¢d as8¢1 invedtmcrtli {20,UIIII) {20.UIM)I Ntt ¢xp¢ndltur¢ (16,63UI (17,?211 Thix pa8¢ does not form paff of (he Sl8hJtory f)noncial 8toiementS P&gc 14