Charfty number: 1181303 The Colne Valley Park Trust CIO Flnancial statements For the Year Ended 31 March 2024 Th• Coln• Vall•y Park Trust CIO Balance sheet A$ at 31 March 2024 2024 2023 Note Current a88ets Debtors= amounts falling due within one year 70,624 Cash al bank and In hand 64,853 7.208 135,4TT 45,768 Creditors= amounts falling due within one year 132,969) (22.521 > Net current assets 102,508 20,247 Totsl assots I￿$ ¢urr•nt Ilabllltlos 102,508 20.247 Not assets Capital and reserves Income and fjxpgndilure account 102,508 20,247 The financial ststemenls were approved and 8Uthorised for issue by the board and were signed on ils behalf on 13112124. J C Lol.1 John C Whltb Dire¢lor The notes on pages 2 to 3 fo￿ part of these financial ststemenls. Pag• 1 Tho Colne Valley Park Trust CIO Note$ to the financial statements For the Year Ended 31 March 2024 1. G•neral Infomiation The Colne Valley Park Tru51 is a regislered charlty and the address of its registered office is Denham Court Dr￿*8, Denham, Uxbridge, Middlesex, UB9 5PG. Accountlng poll¢ieB 2.1 Basis of preparation of finandal statements The financ4al statements have been prepared urKler the historical cost convenlon unless olherwise gr￿C￿led within thèse accountin9 policies and in accordance wrth Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in Ihe UK and the Republic of Ireland and the Companies Act 2CKJ6. The following principal accounting policies have been applied: 22 Income Revenue is re¢ognised lo the extent that it 15 probable that the economic benefits will flow to the Trust and Ihe revenue can be reliably measured. Revenue is measured as the fair value of the Consideration received or receivable, excluding discounts, rebates, value added tsx and other sales taxes. The foltowing criteria musl also be met before revenue is recognised: 2.3 Dobtor8 Short lemi debtors we measured at transaction wlce, less any impairment. Loans receivable are measured initially at fair value. nel of transaction Costs, and are measured subsequently at amortlsed cost uslng the effective interest method, less any impairment. 2.4 Credltor8 Short term creditors are measured at the transaction price. Other financial liabilities, inGluding bank loans, are measured initially at fair value. nel of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Employees Stsff costs were as folk)ws.' The TTUSt has rKs employees other Ihan the trustees, who dKI not receNe any remuneration (2023: £NIL}. The average monthly number of employees, including director$. during the year was O (2023: 0)- Page 2 Tho Colne Valloy Park Trust CIO Notes to the flnancial statemènts For the Year Ended 31 March 2024 Debtors 2024 2023 Trade debtors 4.260 38.560 Other debtors 66,364 Creditors: Amounts falllng duowhhln one yoar 2024 2023 Trade creditOT5 19,842 12,247 Other taxats'on and Social security (9,706) 340 A¢Gruals atNI deferred income 22,833 12,934 Page 3 ## **Trustees Annual Report 2023/24** ## **Colne Valley Park Trust, Charity Registration Number: 1181303** **Address:** Colne Valley Park Visitor Centre, Denham Court Drive, Denham, Bucks, UB9 5PG ## **Trustees:** - Carol Gibson - Paul Graham - Jane Griffin (appointed 04/05/2023) - Amarjeet Hans - Anthony Longden - Wendy Matthews - Glenys Price - Toni Robinson (resigned 15/07/2023) - Hugh Stokes - John Whitby The Trust currently has 9 trustees as permitted in the Articles of Association. (The Articles of Association were updated in January 2023 to allow a maximum of 12 Trustees) ## **Structure, how managed and how recruit trustees:** The Trust is a Charitable Incorporated Organisation (CIO). The charity trustees manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. The first Trustees are listed in the Trust’s constitution. Trustees are recruited through decision of the trustees, the ‘Friends representative’ is nominated by members of the Friends of the Colne Valley Park but only when that position is vacant. ## **Report:** During the financial year 2023/24 the Colne Valley Park Trust: - Acted as board/steering group members on the Lottery-Funded ‘Landscape Partnership’ and ‘Green Team’ projects, planning an active role to progress these exciting schemes. - Supervised the work of Groundwork South who act as ‘Managing Agents’ the lead delivery body within the Regional Park. In 2023/24 this included £712,000 of external funding to deliver the six objectives of the Colne Valley Regional Park. - Administered the Friends of the Colne Valley Park membership scheme and provided regular newsletters and updates on the wider work in the Regional Park including holding an Annual Meeting. - Facilitated the organisation its annual conference, this year themed on improving how the green belt functions on London ‘s fringe using the Colne Valley Regional Park as an exemplar. - Continued to act as ‘champions’ for our unique locality to the west of London. This includes meetings with and briefings to MP’s and local Councillors, advocating to government ways to improve National Planning Policy Framework and responding to multiple consultations and locally significant planning applications. I offer my thanks to all Trustees for their efforts and support on a voluntary basis and further appreciation for the professional backing of our managing agent team. John Whitby, Chairman, Colne Valley Park Trust