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|Reference and Administrative Details|1|
|---|---|
|Trustees' Annual Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 12|
|Detailed Statement of Financial Activities|13|





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|**Charity Registration Number**|1182491|
|---|---|
|**Principal Address**|Sparrows Nest|
||Wood Norton|
||Evesham|
||Worcestershire|
||WR11 4XP|
|**Trustees**|Mrs H A Albright Chair|
||Mr RI Bailey|
||Mr W G Bailey|
||Mr A T Woods|
|**Independent Examiner**|Mr P R Parsons|
||Clement Rabjohns|
||Chartered Accountants and statutory Auditors|
||111-113 High Street|
||Evesham|
||Worcestershire|
||WR11 4XP|
|**Bankers**|Cater Allen Private Bank|
||9 Nelson Street|
||Bradford|
||BDI5AN|
|**Investment Managers**|GHC Capital Markets Limited|
||22-30 Horsefair Street|
||Leicester|
||LEI5BD|
|**HM Revenue & Customs Charity Reference Number**|ZD32722|





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|||**2022**|**2023**|
|---|---|---|---|
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
||**Notes**|**£**|**£**|
|**INCOMING RESOURCES**||||
|**Income from:**||||
|Voluntary income|**2**|43,337|39,793|
|Investment income|**3**|9,258|9,452|
|**Total income**||52,595|49,245|
|**RESOURCES EXPENDED**||||
|**Charitable activities:**|**4**|||
|Woodland management fees||1,507|1,496|
|Wages and contract work||29,892|27,840|
|Purchases||-|3,337|
|Tractors and machinery costs||2,525|3,410|
|Premises Costs||1,556|1,137|
|Insurance||2,300|2,688|
|Depreciation||990|891|
|Sundries||362|761|
|Investment manager’s charges||4,770|4,218|
|Governance costs|**5**|6,372|5,335|
|**Total expenditure**||50,274|51,113|
|**NET INCOME/LOSS BEFORE GAINS/(LOSSES) ON INVESTMENTS**||2,321|(1,868)|
|Net gains/ (losses) on investments||(4,906)|(25,099)|
|**NET INCOME/(LOSS)**||(2,585)|(26,967)|
|**Reconciliation of funds:**|**12**|||
|Total funds brought forward||588,884|586,299|
|**Total funds carried forward**||586,299|559,332|





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|**BALANCE SHEET**||||
|---|---|---|---|
|||**2022**|**2023**|
||**Note**|**£**|**£**|
|**Fixed assets**||||
|Tangible assets|**8**|328,310|327,419|
|Investments|**9**|224,313|204,448|
|||552,623|531,867|
|**Current assets**||||
|Trade debtors|**10**|1,680|700|
|Cash at bank and in hand|**10**|33,880|31,304|
|Total current assets||35,560|32,004|
|**Creditors: amounts falling due within one year**|**11**|(1,884)|(4,539)|
|**Net current assets**||33,676|27,465|
|**Net assets**||586,299|559,332|
|**Charity Funds**||||
|Unrestricted funds|**12**|586,299|559,332|
|**Total charity funds**||586,299|559,332|





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|**Income from charitable activities**|||
|---|---|---|
||**2022**|**2023**|
||£|£|
|Donations|37,841|34,660|
|Sale of timber|5,496|5,133|
||43,337|39,793|



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|**Investment income**|||
|---|---|---|
||**2022**|**2023**|
||£|£|
|Dividends received|7,071|8,491|
|Interest received|2,187|961|
||9,258|9,452|



|**Notes**|**Activities**|**Support**|**Total**|**Total**|
|---|---|---|---|---|
||**Undertaken directly**|**costs**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|
|Woodland management fees|1,496||1,496|1,507|
|Wages and contract work|27,840||27,840|29,892|
|Purchases|3,337|-|3,337|-|
|Tractors and machinery costs|3,410|-|3,410|2,525|
|Premises costs|1,137|-|1,137|1,556|
|Insurance|2,688|—|2,688|2,300|
|Depreciation|891|-|891|990|
|Sundries|761|-|761|362|
|Investment manager’s charges|-|4,218|4,218|4,770|
|Governance costs|-|5,335|5,335|6,372|
||41,560|9,553|51,113|50,274|



|**Governance costs**||||
|---|---|---|---|
||**Management**|**Total**|**Total**|
|||**2023**|**2022**|
||**£**|**£**|**£**|
|Accountancy and bookkeeping|4,250|4,250|5,338|
|Independent examiner’s fees|1,085|1,085|1,034|
||5,335|5,335|6,372|





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|**Fixed assets**||||
|---|---|---|---|
||**Freehold land**|**Tractors and**||
||And buildings|equipment|Totals|
||£|**£**|**£**|
|**COST**||||
|At 1 July 2022|319,400|11,500|330,900|
|Additions||||
|At 30 June 2023|319,400|11,500|330,900|
|**DEPRECIATION**||||
|At 1 July 2022|_-_|2,590|2,590|
|Charge for the period|_-_|891|891|
|At 30 June 2023|-|3,481|3,481|
|**NET BOOK VALUE**||||
|At 30 June 2023|319,400|8,019|327,419|
|At 30 June 2022|319,400|8,910|328,310|
|**Fixed asset investments**||||
||**2022**||**2023**|
||**£**||**£**|
|At 1 July 2022|174,731||224,313|
|Additions to investments at cost|57,846||44,919|
|Disposal of investments|(10,298)||(37,366)|
|Cash movement|5,800||(4,953)|
|Net unrealised investment gains/(losses)|(3,766)||(22,465)|
|At 30 June 2023|224,313||204,448|



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||**2022**|**2023**|
|---|---|---|
||**£**|**£**|
|**INCOMING RESOURCES**|||
|**Voluntary income**|||
|Donations|37,841|34,660|
|Sale of timber|5,496|5,133|
||43,337|39,793|
|**Investment income**|||
|Dividends received|7,071|8,491|
|Investment interest|2,187|961|
||52,595|49,245|
|**RESOURCES EXPENDED**|||
|**Charitable activities**|||
|Woodland management fees|1,507|1,496|
|Wages and contract work|29,892|27,840|
|Purchases|-|3,337|
|Tractors and machinery costs|2,525|3,410|
|Premises costs|1,556|1,137|
|Insurance|2,300|2,688|
|Depreciation|990|891|
|Sundries|362|761|
||39,132|41,560|
|**Support costs**|||
|**Management**|||
|Investment manager’s fees|4,770|4,218|
|Governance|6,372|5,335|
||11,142|9,553|
|**Losses on revaluation of investments**|4,906|25,099|
|**Total expenditure including revaluation losses**|55,180|76,212|
|**Net (expenditure)**|(2,855)|(26,967)|