Charlty numbgr: 1182974 DARTMOOR PRESERVATION ASSOCIATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020 ishop Fleming DARTMOOR PRESERVATION ASSOCIATION CONTENTS Pagc Ref•rence and administrative dets4￿ of the chartty. Its TNst•gs and advls8rs Trustoos. report Independent examlnorfs r•port 17 8t4tement •f fjnancial ac*ivitie¥ 10 Balanc• sheet 19 Notes to thè flnanclal statsments DARTMOOR PRESERVATION ￿soCIATION REFERENCE AND ADMINISTRATIVE DYfAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 DECEMBER 2020 TN$iees Kale AshDrook EITrza￿Ih Bailey ison Clish-Green Oerek Collins Iresigne(f November 20201 Norman Cowling (resigned May 20201 Christ<)phèr Cury WiHiam Fell John Howell. Chairman Jane Marchand Keith Ryan John Skinner Graham Wall, Vice Ch￿r ClaLMle Williams (Elected by members AugLVdt 2020) Charlty roglstsr•d nUM￿r 1182974 Prln¢lpal offl Old Duthy Hotel Tavislock Road Pn"n¢elown Yelverton Devon PL20 6QF Chhf •x8cutlv8 officer Hutt A¢countant¢ Bi6hop Flgmsng LLP Chartered Accountants Sall Qu8y Housè 4 North East Quay .%iJttnn F4arhniir Plymouth PL4 OBN Bankers Nats¥est Bank plc 1 Cliui¢li 81ieet st Auslell Comwall PL25 4AW Solicitors Trowers & Hamlins The Senate Stsulhernhay Gardens Exeter Devon EX1 IUG Page I DARTMOOR PRESERVATION ASSOCIATION TRUSTEES REPORT FOR THE PERIOD ENDED 31 DECEMBER 2020 The Trusteeo prcscnt thcir annual rcport, logothor with the frnancial -tatcm¢nL of th¢ Charity, for thc pcriod endett 31 December 2020. In 2019, the Trustses declrJe(J Ihal, In future years, Ihe Assoclaiion's ffnanclal period would be brought into line Mth the calendar year. for ease of administration and reporting. This report therefote covers the 9-month period from 1 April 2020 to 310ecembef 2020. From 1 January 2021 reporting will revert lo 0 124nonlh period. from January to Dgc8mbw each year. The financial statements conwly with the Chaiities Act 2011. Ihe Constitution. and "AccounliNJ and Reportino by Charities.. Statement of Recommended practi￿ applicable to tharities preparfng thelr accounts in accordance with the Financial Reporting StarKlard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20151.. The accounts have been prepared under the Accruals basis. due lo the level of income in the period. {A) STRUCTURE. GOVERNANCE AND MANAGEMENT The wÉncipal object of the Charity is tho ¢onserv8tion, preseryalion, protection and enhancement of the landscape, antiquities. flora and fauna, natural beauty. CLilbJral heritage and the scientific merit of Dartmoor. The DPA Is a Charitst>le Incorpolaled Organisalion governed by its ConstilLFtion dated 25th May 2019. It Is registered as a charity with the Charity Commi8sk)n. Deiails of the Truslees who seNed throughout the period are Included in Ihe Referenc8 and Ailminislralive details at the beginning of this report. The Trustees have devolved responsibilty for d8y-tO-fJay manageTnenl of the Charity to the key management pg.r4nnnpJ Thp kp.y mAn%gprnpnt pprqnnnAI rJ)mprisp_ Ihg. r.hig.f Fxpculive. Ihè Offiee Manager and the Financtal Administrotor. The key msnagement personnel implement the policie8 laid down by the Trustees and ￿pOrt back to them on performance. There have been no changes in the objeclives since the adoptK)n of the Constitution in May 2019. (B) OBJECTS AND POLICIES The Objects of the Association. as set out in its ConstitutÉon are= The conservation, preggrvation. protection and enhancement of the landscape. antiquilie5 flora and fauna. natural beauty. cultural heritage and the s¢(entific merit of Dartmoor for the public benefit. in particular but not oxclusively by.. The proleGtion and proservaiion of publiG aGGe55 to and on Dartffloor subjeGt to th8 aiibigiit riylilb. ul commoneis,. The preservation in Ihè public interest of the Dartmoor Commons and for this purpose to assist and C￿Operate with the commoners and any organisation in achieving this otsecL' The stuity of and the recording and pUbl￿allon of informatlon upon th8 antlquitie5, his10ry and natural history of Dartmoor, and The 81udy. cwperation with other bodies, of fvture trends on Dartmoor and th¢ putbn9 fotwaFd of ¥leas ￿ ensure iheir developmeni along lines In harmony with the aL)ove obiecls. These Obj'octs are considèr8d in formulating the Association's strategy and poI￿leS and in making decisions on whether or not to support a spe¢ific project. Page 2 DARTMQOR PRESERVATION ASSOCIATION TRUSTEES REPORT IGQNTINUEDI FOR THE PERIOD ENDED 31 DECEMBER 2020 The Trustees reoulady review the Associatitin's Objects and make surp. that thpy rrmliniio to b8 relevant. appropriata and up to date. Over the yèars. the Association h8s developed a range of policies which support these Objects, d¢aling with some of tho main issues on Dartmoor. Pdiries are discussed and fomiulated al regular meet#igs of the Board of Truglees. Thèy are subject to ￿gUlar review and amendment where appropriate. "The Assoclatr"on's pollcfj8s are as foll¢)WS: 1 The DPA supports and promotes the right of public access to all Conmion Land on Dartmoor lo Access Land under ihe CoUnirys￿e ana frtignts of vvay Act 2900,. to all Rlghts ol Way., and lo a61 land that has tradsiional public atLess. {°Public Access" means Access on knL bicyde, or horse￿ in accordance relevant legtslation or regulations.) 2 The DPA SUPPOTts and promotes the listtng of land under the CROW Act. includlng newt8ke8 ar￿ rouoh grazlng, whilst remaining sensitive lo areas of Oartmoor where habitst condiiions may require limited or no 3 The DPA Is oPp￿d lo fencing on Dartmoor Access Land where none existed b$foreh8nd, unless there is an overriding need whith cannot be met by altemative means. In the case of dr*stone walls. the L)PA supports traditional rebtsilding with Stone. 4 The OPA 6UPPOrts the protection of all and¢nl monumonts, whelhor *ieduled or not. and sotsks tho pte8eTYatioii of iliese, aiiil Ili¥ idrL¢liaiL¥ orid buildifjgs found on Dgrtffloor. 5 The DPA Supports th8 preservation of Iho nalural habitats found on D?rlmoor and seeks, wherever they are threatened, to find Ihe means to provtde the necessary prote¢tion. 6 The DPA recognises tho irwasNe nalure of bracken. gorso and some other native and non-nalNe lora and fauna to archaeological sites and will pursue ways of briT¥Jing them ursder control. 7 Tho DPA Is opposed lo the exlen$ion of ¢hlna day Workings on Dartmoor end ed18￿nt land. 8 The DPA 1$ opposed lo military live firing on Dartnwjor ar￿ holds the view that rn￿1tary training on Dartmoor is inu)mpatible vith Ils status as a national park. 9 TIIE DPA bUFJVtKts" Itadit%iJnal oxlenslve hll farmlng on Dartr(wr and sm811 s¢aie lo¢al tradKional indusmes. 10 The DPA is opposed lo the rgopenlng of18psed quarrying a¢tivltl8s, unless they are supported by thg local communlty and serve a genuine local need. 11 The DPA is oppose(I to the dlsfiguremenl of the mothland landscape by telp.vi8inn fftasts, mobi18 lephone masts and Mind frarmg. Small scalg wind general0￿ scrvin9 a ￿￿910 form or hamlet wéll be judged on the merit of the klannifig application. 12 The OPA will examine planning applications for devdopments wilhin the National Park and oppose Ihose it CQnsiders deliiiii¢Jiial tv DdiliiiuuT. 13 The DPA is oN)osed to housing developmènts In moorland vil￿ge$ that or¢ not specifically aimed at satisfying locd needs. 14 The OPA supports the retum lo natural broad-leafed woodlands: to natural rgggnè.rAtinrt' and tn npg.n moorland. 11 is opposed lo the dev&lopmgnt of fvrther soft wood plantst*ons. Where self-seading occurs beyond the boundaries of existing soft wood plantslions, Ihe DPA calls for these I￿$ to be removed to prevent further expansion. Page 3 DARTMOOR PRESERVATION ASSOCIATION TRiJSTEES REPORT ICONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020 15 The DPA recognises the importane£ nf pnniR# trt thè Darbnoor landscape and supports those schemes whiGh are in keeping with good husbandry and which wÉll e￿￿rC tho vurvival of a hcalthy pony stock. 16 The DPA accepts that swaling is good Dartmoor practice and encourages its use within the guidelines laid down by the Commoners CoLtncil. the Dartmoor National Park Authority and Natural England, but it believes that its use should be restricted to the period between 1st October ar￿ the last day in February each period. 17 The DPA will practtce good management on all of its own properti8s, d9monstraliny that traditional farmiro, habitst protection, biodiversity arHI public access can co-exist. 18 The DPA is OPP05ed lo any r￿reatIonal activity tl¥at causes damagé lo. or Other￿Se interferes with the quiet enjoyment of. the fabric. flora or fayna of the moor. 19 The OPA will purchase land. subject to the avaijability ol liquhd a55ets. if there are good and justh'foble reasons for so dolng. 20 The DPA opposes all applicakn'on5 for comme¥cial farms silL*aied on, adjacent to. or impaGling upon. Dartmoor. The DPA will work wllh lik&*minded organlsations towards this end. The DPA will consider supporiing applications for small scale wind power schemes, provided that they are sensitively sited and meet the needs irf individual t)uildirvJs or small communitie8. 21 The DPA has supported the Dartmoor Mires Project. a pllol to explore the f&3sibility and effects of rebtotliiy d£graded areas of high*uality blanket bo9, lo reduce tsrosion and to promote r¢gorteraknon of moorland bog vegelation. 11 continues io support Ihe moniioring anij scieniiflc assessmersi of Ihe plloi phase and is now a mèmbar of the Peauands PartneT5hip a cojlaboratson of government agencies, non- govemmental organisalions. landowners arKS commoners. In eady 2018, the Partnership obtained a Defra Capttal Grant of more ihan £1.6million to restore 326ha of peatland on siles at Flat Tor Pan, Amicombe, Hgngingstone Hill and Red Lake. Part of thé DPA'S mlp. in Ihp. Pxrtng.rship will Its pn%iirp. IhAt thp Iiillpst consultation tsk8s placè with all stakeholders induding Commonèrs and olhBr Dartmoor user groups.. and that management for ar¢haeology will. when necessary. tske precedence over biodiversity. 22 Tlig DPA opposes the use of Ghemi¢als such as herbicides and ppstirid+8 Ort rA)mmon land t)nd all L)pÈn IciiTrd, although small Scale applications via a knap3aGk sprayer may be acceptabl& in certain Gircumstances. In particular the DPA calls on Govemment to give a commitment thal it will not aulhorise the aerial spraying of chemicals. such as AsulamlAsulox againsl brackert, on any common or open a¢cess larKI on DartmooT. 23 Thg DPA supports the governrnenl's objective of improving habitats for wildlrf8, creating he￿th18r plates for people trj live and WOTk. and leaving thè ènvironment in a better state for future generafions. Howev9f. it feels that the proposed biodlverslty net gain hierarchy has no place in th? Dartmoor National Pafk and U)at advarso impacts on th• snwronmont should 2bNays be av05ded altogethèr, rather than mitigatod. Tha primary purposo of Ihe National Parks is lo conserve and enhanee their naliiral boaiity. wilAIrfg. and riiltiiral hr4ritaoe aiiLI Jio developmetrt is acceptable which would Gayse damage to biodivernity or hami the environmenL 24 Iri view of the unacceptable level of livèstock casualties and the impact this has on commoners, the DPA supports the 40mph limit within the National Park, particularly on unfenced roads where INeslock is presenL and calls for the reoular entorcement ol this speed Iimrt. 25 National Parks conlrtbute significanuy to the wellbeing of the nation, by providing safe, attraGtive. healthy places for active travel and recreation. They contribute to better physical an¢J mental health through improvad opportunilies foT enoaqino with nature and they provide benefits for local businesses and comMun￿es. The DPA eneourages improved aceess to. from and within National Parks. to allow ev￿bodY to take advantaoè of these benefits. However, currently a lack of public trartsport prevents many people from visitirFg these key national assets. The DPA believes that physical access to Dartmoor National Park should ￿ an important priority. It supports the promotion of a cohesive public transw)rt policy by thg govemment and tha National Patk Authorily aJlLI ￿￿U￿lay¥ts use of publiG transPQtL Page 4 DARTMOOR PRESERVATION ASSOCIATION TRUSTEES REPORT ICONTINUEDI FOR THE PERIOD ENDED 310ECEMBER 2020 26 The DPA io opposed to the public u68 of tho mililary r02ds in Ihe vicinity of Okéhamplon Amiy Training Camp. The DPA'8 Objects and poli¢le8. as Set out In its Constitution, are shown In fvll on its ￿bstte.. www.(Jartmoor reservat40n.co.uk Ic) MAIN ACTIVrnES LINDERTAKEN TO FURTHER THE CHARTfvs PURPOSES FOR PUBLIC BENEFIT Summary During this very challenging finandal period. the DPA hos: Continued it5 work. in80far as consbtent with govomment regulations and has managed the Assoclatlon wth mrnimum disruption or risk to members. stsff, volunleers and the public. Particlpated in plannlng consultations almed at maintslnlng the protecttons afftirijed to th¢ NgtKJnal Parks. Contlnued to monitor planning applications and oppose inappropriate ones. 8uppurtvJ wnswvatlon aGtivWes whlch have improved habitats for wildlift on Dartrnoor. Through our participatK>n in a variety of projects. raised awareness of the e¢xFlogy of Dartmoor and the threats which face IL Worked dogcty with a number of likg-rrdndod or9anisatlMs. ineludSng the Dartmoor National Px Authority IDNPAI, lo help protect and gnhance Dartmoor. Helped to shape the future of Dartmoor by parUdpallng In national and local consultatlons. Managed our land holdings In accordance wirn goott practsce. Improved the AssoclalN)n's governance and finoncial security through the introduction of new policies and by holding regular process reviews with our financial advisers. The OPA'S Trustees have rEVtwed the activities of the Charity in the light of the guidarte published by the Charity Commisston on public benefft. The Trustees are satisfied that the Association's activities are for the public benefit, relating as they do to protecting, promoting and enhancing, the public interest. the landscape, anti9uiknEb, fluro cirid fund. Unfortunately. Covld mearst thal IhB Bxhibilion nvt gu 611¥(Id pl*anr¢ed. Hvwev¥i. iaii ¥AliitpTrlivii uf some sort will take place in 2021. possibly using the Burnard material as part of an event to commemorate the 70th Anniversary of th& dasigr￿tiOn of Dartmoor as a National Park. Page 9 DARTMOOR PRESERVATION ASSOCIATION TRUSTF.ES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020 In October 2019 DPA Tru- -tccs a9rccd lo provide match funding towBrd3 a bid to the National Lottery Herltage Fund foi the "Our Gommon Cause" PToleci. Thls Is an Initiative le(J by Ihe Founuatson tOT Common Land. with around 8 dozen other participating orgar¢isabons. OCC will ¢onseNe and enhance the heritage of Commons and Commoning in upland England. working in Ihe Lakè Distrirl. n%rtmoo¥, the Yorkshlre Dales and Shropshire Hills. 11 will directly improve the management of almost 30.OOOha of upland common, including many fragile ecosystems. and will bring people together. The Dartmoor aspect of the project wlll work with three commons - Bridestowe and Sourton: Harford and Ugborough and Holn M(x>r. In April 2020 the project was awarded funding by the Nation21 Lottery Heritag8 Fund for the Delivery Phase. This will ntn for three and a half years with a totsl budget of £3.1 million. of which £1.9 million is from the Herrfage Fund and the balance from a range of partrsers and grant givtng trusts. The Delivery Phase. which was originally scheduled to start in the Spring of 2020, will be (lelayed by a year due to Cov#d. The DPA will parbcipale as a member of the Dartmoor Local Area Group. The DPA agreed to rmsde fvndir¥J lo the noted Dartmoor Archaeologist. Phll Newman. to support his research into peat charcc*al over the next three years. His discovery of thirteen clusters of mounds with the potential to be peat charcoal btjming plauorms should provide substantive matertal evidence for an industrial activity previously known only from do¢umenlalion. This is an opportunity for the DPA to support an important research proied carried out by one of Dartmoorfs foremost archaeologists. Due to Covid, work on the first tthase of the research started some month later than originally planned and was Ihen fvrther aeiaye(J by lockdown restncttons. As soon as the lockdown is lifted. the resl (rf the first phase fieldwork will be completed and summarised in a report. It is hoped that this will be avaiiabl8 i August 2021. DPA Tnjstees a9rèèd to publish a bwk of ghort guidod walks aimed at ncw wolkcry￿ on the mporn and people bvho do not wish to go on long, btrviiuvub wtilkb, wilh the tights owned by Ihe DPA. Thls Duilt on the prc¥Jramme of short walks led by DPA Trustee. Dr Keith Ryan. Keith completed the book in December 2020 and il was extremely w811 re(*ived by membèrs, r8viewer8 and the general public. Sales have already exceeded expectslions. In August 2020, the DPA was approached by one of its lrfe m8mbets. who wished to sell a piece of open acc&ss moorland. containlng a number of archaeoltsgical monuments. In a majority vole, Trustees agreed that Ihls would meet Ihe DPA'S Objects, that it was a charitable purpose and an appropriate use of the A8souation's fvnds. They also aGreed that discussinnq Abniit ￿jrnhA%1rkfj thp Isnd #hould tske place with tho vondor. Bubjact lo satisfactory acarches,. to obtaining a valijation whiGh 3UPPCffted the a5kTrn9 PIiGts, and c8rying out a detailed risk assessment. Unf(Ktunalely, the valuation was significantty lower than the asking price. Discussions will continue in 2021. In the Spring of 2020, Ihe Ihen LhaiTman ot Trustees and the Chief Executive. entered into CDrre5pondence wlth Dartmwr Commonw5 aboui resirictsng Ihe Outhon ol swalinq on the m(x)r. Although the DPA supports this traditional practi￿, we feel that the duration needs to be reviewed and shortened. to protect ground-ne5b.ng birds. This was not well-received by thè corE7moners and the DNPA offered to h051 a meeting with Fepresentalives of the Commoners. the DPA and Natural Erigland to di5CU5S the matter. Once again. Cnvid ifttprvAnArl Anrf the mèeting did not takg place. We will try lo ro-convana it when thc timc kn right and feel thr? ia an important 155ue- parbcularly against the baGk9iouiid uf Liillb Iium a number of organisadons for a complete ban on burning. Shnrtly hpfnrp. thp introduclb)n of Covid leslriclions, the DPA'S trusts95 contacted th8 DNPA to object lo the po8ttioning of signage al the Combetslone Tor GaF park. Ftjillivi were overtaken by Covtd. arKI auenuon Ihen became tOCUS5ed upon the influx of visitors in the summer, and the associated anli- social behavtour of a minoitty of them. We consider that parking, sustalnable transport and visitor management will be critical issues in the fulure. The DPA will (x)ntinue to lobby for the DNPA to be given the reSoU￿eS and powers needed lo manage these problems. Page10 DARTMOOR PRESERVAlloN ASSOCIATION TRUSTEES REPORT ICONTINUEDI FOR THE PERIOD ENDED 31 DECEM8ER 2020 Iv) Adm•nistration & Govomanc•. In 2020, the work needed lo c(hnplele the tr8nsltlon of the DPA from an unlne4)rporated kssoclalÉon to 8 Lharitable Incorporated Organisalion ILIOI was completed. Thg move io using the Natsvest as Ihe Assoclation's principal bankers went smoothly and is worknng wdl. We recelved ￿cOUnttl0n as 8 charity frcAn HMRC and were at4e to clayn Gift Aid in the name of the CIO. Over re¢ent Yea￿ it hail bernme apparent It vlrbJalEy imFosslble to prepare flnanclal slatements f¢¥ a 31st March ye8r*nd In for them to be independently examined and presented to an AGM ITaOi1sonally held in late May. Accordingly. the Tru*ee5 look Iho $￿P of ¢hangln9 thfr year*nd 10 31st December. This will mean that firtancial "yearf 2020 will actually last for nine months, lJefor8 we move to a financial year in bne wrth the catendar year in 2021. Th8 Annual General Meeting due lo be held during the Spring Bank Holiday weekend. was InKidly pos1pon￿A. as it became clear that hdding it would not be Fw)ssible because of govemment trdvel and soolal-distancing regulallons. On¢e It became deal that it would not be possilAe to hold a face-ttkface AGM in the time stipulated in the DPA'S Constrfulion, the defision was laken lo corHJuct the necessary bltsiness by a postsl ballot of members, supported by a dedicated pag8 on the Association's website. This took rlace in August 2020 and memb&rs wer6 asked to vote on resolutiorts to reCe￿e the minutes of Ihe 201912020 AGM. togelher with the Truslees. Annual Report & FInar￿SaI Slatements for that year. They worè also asked to vote on resolutlons lo el¢ct Trutsl￿ and Vico-pr¢Sid￿t$. Of the papprs rèturned, 9 were Spoiled, or recelved too late; thBre were 16 ab51entlons" 98.65°h voted In favour of the rosolulKJn5 8nd 0.10% voted 8gain51 Ihewn. During 2020, the DPA'S Trustees reviewed a number of the Association's acllvilies, induding its Finanaal PnlÉr.y thp RTr8k M#nagAm*+nt PmrA8%. Prinritip8 fthr thè. npxt finane.k¥l yftar will inr.liJAA 8iJrr.p.$8inn Planning and a formal process for the Recnjitment and Appointment of new Trustees. Two changes wer8 mad& lo the Association's Trustees during the period. Norn￿n Cowling Stepped down as Tnistee and Chairman in May 20?0. I le. was ￿cceeded as Chaimian by John I lowell. an exislino Trustee, and replaGed as a TN31ee by Claude Williams. a lon9-3tanding DPA volunfrer. At the AGM. Nornan was elected as a Vice-president and in that role will conts'nue to be involved in Some of the Association's strategic aclivibes. Derek CollÉns stepped down as Trustee in Novamber 2020. but wll continue his valuable work with the Conservalion and Lan(J Managemenl groups, and rnanaging the OPA'S mercnandising. These chenges resijlted in a vacancy for a new Truslee. Discusstons took place with a DPA memkr who was interested in the position but she decided not to proceed for family reasons. TNslees subsequently docided Ihat a fofmal procègt for recruiting new Trustaeg should be introducéd and this will bo put in place in Sprin9 2021. pa￿1} DARTMOOR PRESERVATION ￿%sOcIATION TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020 (vi) ConGervation The a￿"￿tieS of the Volunteer Group were redsjced but. with help from our advisor on Health and Safety, they were able to adj4JSt their way of wotking to be Covid-safe and run an almost nomial programme of events dursng the summer and eaTly autumn. The largest summer bracken c￿trOl project is at the Bronze Sewemenl on Buckland Common. Volunteers have been worktng there for 4 years. gradually exlenijing the area where growth has been Teduced by cutting ￿peatedly. During this penod. for the ￿rst 'me. they were able to clear th& entire site and leave il visible. The WOTk there prompted several interested enqui￿e$ from passing walkers and we have h8d several enquiries from would-be volunteer5. The DPA'S land at Sharylor was subject lo an act of vanda5ism in the Spring. when graffiti was Sprayed onlo one of the rocks at the summit. Action to remove it was detyed by Covid restrictions. bul eventually. volunteers braved a bitterly cold day and a strong wind to carry water and removal spray to th& tor and Scfub il off. (VID Lond Management Although work was necessarly curtailed. Ihrotjghoul much of the period our volunteer8 managed to carry oul necessary work on DPA land. Towards the end of the year, Hllary Marshall retlred after many year3 of managlng the DPA'S land. Her a)Iltbes and commiimeni will be greatly missecl. After a rigorou5 recrurtment process we are Pleas￿ 10 welcome Hannah Gibbon5 who ha5 tsken over Hilary's role as our Land Management contractor. Ivlti) Walks & Events Although a few guided walks took place before hxkdown in March, nono took place belwegn then and the end of the year. "Virtual" walks were placed on tha websSte and Julia QuanL who organises the walks 5Ghedule loadal a weekly quiz. with some fasc¥nating (and extr8meJy difficultll questions_ The Dartmoor shows did not take place in 2020, which had some impact- though not as much a5 expecled - on merchandising and new memberships. Sales of Chrislrnas (*rds, leisurewear and merchandise all perfomied well and exceeded expectations. (D) FINANCIAL REVIEW (41 Golng conc•rn After making apprgpriat¢ ¢nquiri¢¥, th¢ Tru•te¢3 ha¥¢ a rea3onable ¢XP¢Gtation that the Association has adequate resources to contbnue in operalional existence for the foreseeable fvlure. lill Flnance Overview and Policies (al Most of Ihg Charity's income is obtained from legacies and membership subs¢ription5, the use of which is uniestricted lo partt'¢ulai purposes. (bl During thè period ended 31st Decémber 2020. thè Char5ty rèceived total income of £113.64g and incurrod total expendrtLtre of £81,834. The excess of income over expenditure for the year was £31,815. Icl At the year end the Charity had total Teserves of £1,640.171 with designated reserves of £1,582,386 and uiir¥striGted free teserves totalling £fJ7,76J. Reseryes are needed to bridge the gap botw88n tlTre byeiiditiy Pagè 12 DARTMOOR PRESERVATION ￿soCIATION TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020 arhd r¢ceiving of inoome fio covor unplannod aottV7tl88 aftd oth•r •xp&*￿ilure. The TNsteèg eonsider that thè ideal level of free reserves as at 31st tkcember 2020 would be approximately 1 yearfs èxpense. or £110,000. Id) The Charfjty had no reserves In defic￿ at 31st De¢emb¢r 2020. lel At 31st Oecember 2020 the net book value of fixed 8ssets was £111.000 and movements In langible r￿ed assets are shown In note 13 to the financial slaiements. (Q Key finanryal pdicies adopted or reviewed during the period include the Finance Pollcy, whlth lays out the framewoTk for linzftciai management, Induding finanei81 responslbllmles of Ihe Boar(I, man89P15, butJy¥t holders and other staff. as well as delegated aulhodty for spendlng. Th& Associètion's Investmertt Pofi¢y was also ieviowed by Ihe Trustees. (111) Inve8tmonl Pollcy and Pwfombance The DPA continues tr) take a moderaie 8pproach to iisk In relation to the invesiment of its fvnds, w7th a policy of maintsining capital growth and tsking income to support operational working capIt￿ requiremgnls. Fund8 are currently Invested Ihrough Thc*nas Westcott. Chartered Finan081 Planners and St. James's Place Wealth Managemenl. ThEse organisabons ￿[ry out an annual pgrformance review with the DPA BoArd of Trustees. who 8pprov6 any Changes to pollcy or dLsposltion of funds. Deswte market Volatility. our ¥nvestm¢nt8 held up woll in 2020. As ot 31st Decèmb•r 2019 the valua of the Investment5 maniiyed by Tliviiia> W&slcoll 8nd 8t. James's Placts was £1,462,845. By 31" December 2020 this figure had increased sli9hUy to £1.467,386 and we had aLso withdrawn Income of £43.750. Thls was a satisfactory performance dLtring a peri(>d which incbjded Brexit. Cowd and the US election. IE) METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES As Gct out in thè Conslikntion. the Chairman is nominated by the Board of Trustees. NÈW Truslp•s arft appoinlcd by trxisting Trus*606 and thp mèmbors of th• Asstxl•tloft. SeNè for a ppiiod of three yèars gn6 are then eligible for immediate rerelection for a Se￿n￿ Ihree-year temi. No Officer or Trustee shall serve mora Ihan three consecutive temis. bul they shall bé eligible for rwlects.on one or more years after the end of their third tefm. The ConstitLttion provides for a ffiinimum of 3 Twstees, and a maximum of 12, Induding the Chair arKI Vlcfrchalr. The rnembers of the CIO vi ili¥ Trutslees have the power to appoint a further Tru)te￿3} at any time. provided thal the lim¢t on the number of Trustees woutd not as a result be exceeoed. All members are circulated with invltalions lo nomlnate Twstees prior to the AGM. advising them of any rèttrino Tnsstees and requesting nominalsons for the AGM. When considerinq co- optino Tntstees, Ihe Board has regard to the requirement for any specialist skills needed. Whon appoFnting new Trusteos, the Board will give considefalion to the skills arK* experier￿$ mix of exislillg Trustees in order to ensure that the Board has the ne￿sary sktlis to contribute fijlty to the Charity's development. The training and inductlon provided for TTUStees wlll Oepeno upon their ex￿￿ng expenence bui w.li always indu¢Ye a familiarisalion vi51t lo the Associab'on's Offi￿ and a chance to meet skff. Al Trustees are provided with copies of the Constitution" the latest Truslegs. Annual Report and Statemertt of Accounts; poliue5. piocvdures, minules. budgets. plans and other documents that they will need to undertake their role as TnJ51ees. As there are normally only one or Iwo new Trustees a year, Inuuction tends io be (lone informally and is tailored specifically lo the individual. pa￿ 13 DARTMOOR PRESERVATION ASSOCIATION TRUSTEES REPORT {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020 {F} ORGANISATIONAL STRUCTURE AND DECISION A•AKING The Board of Tmstees normally meets once each quarter. The Board establishes an overall framework for the govemance of the Charity and (Jetermines membershlp, lemis of referen￿ and procedures for any other groups established to perfom specific tasks over a defined timescale. 11 receives reports from Ihese groups for rdlification. Subject lo any necessary approvals being obta1n￿ al the AGM. the following decisions are reservèd lo the Board of Tiustees.. to consider any proposals for changes to the stslus or conslilLrtion o* the Charity and its LviiiiiiilleE slrublu¥E. Éo ilPPO(nt or reTnove ime Chalrman an(Jlor vice GhaiTman. io approve the annual bltdgel and approve expendilLFre requests. The Trustees are responsible for setting slrategy, r8viewing policies. adopting an annual financial plan and budget, approving the stalulory accounts, preparing the Annual Report, moTritOTing the performance of the Association by th? use of bu(Jgets and 0￿er data, and making major decisions about its direction, ￿PItal exp¢nditure, granting fundirKJ and stsff appDinlmersts. (G) RELATED PARTY RELATIONSHIPS None of the Trustees rec8ivè remuneration or other benefrt from their work with the Charity. OLrt of pocket •xpense$ can be claimed for Work earrTed out on boh31f of the Assocsalion. Details of 3u¢h payments lo Trustees are disGk)sed in nolt 11. (HI RISK MANAGEMENT The B(iard rnainlains and reviews a registèr of the risks facing thè Asso¢Fation and has taken steps to ensure that policies and systsms lo mitigate risks are in place and monitoreil. These indude.. Employtng professional *Ltaff with appropriate 3kill3 and training. Monitoring progress regularty against the annual Income and Expendiiure and Cash Flow plans. ScnJtiny ol finaricial perforn)ance by Ihe Trustees lirKlwling a Truslee with specific responsibility lor rinanual oversight) an¢ me Lhiet Execulive. Th& principal risks faced by the Charity are: Operational risk - wilh a very s￿￿1 numbèr gf ¢mployccob the departure of key staff WOLakl lead to Ioss of experience, skills and th• abtlsty lo operate key systems, and would imp&ct odver8trly upon strat¢gtG and operational ptiorities. Long-18rm continuation of the reslriclions assoeiatèd wtih the Covid vinjs and the potential impa upon finances, tnvestmenl income, membership numbers and the viabilrty of key pathers. Al present the TrLFsl6os beligve that ri&ks associatsd wtth compliance, govemance. management and financlal cortrols are low. Page 14 DARTMOOR PRESERVATION ￿SOcIATIoN TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020 111 PLANS FOR FUTURE PERIODS In aottiiion io carrying out operaisonal, ailM￿lS1rau.Ve. conservauon ano land managgmern a￿￿rti￿S. lh6 DPA'S Trustees have identified Ihe following area5 as high priorities for the f¥JbJre: Fund research into a Dartmwr-Telated towc. Prcrtlu¢e #nd pts￿1#h at least onè DPA publtcation Crealg a project to hglp di5advartyd children lo access DartrnLhJr. Create a DPA annual award for a Dartmoor-related acttvty. Identrfy new opportunities to work In partnership with other organisalton$ to further the A$S￿ratIon'S objectives. Revlew relats'onships with key stakeholders and partners. Work wth other organisalSons to lobby for implèm8ntatlon of 8ppropriate r8commendations in the Glover Landscapes Review which. in the opinion of the T￿￿tee$, wll benefit the English National Parks. Work with the DNPA and other cyganlsations lo prevenl the antl4odal beh8vi¢>ur exhibited by a minority of visitors. Formulotc a DPA poli¢y on paTking and wuslainable transport tn Ihc Nallon¢l Pork and lobby for the implementation of appropriate policies. Review the Association's perforn)ance in the areas of Communications & Public Relations", Fundra￿ing- an¢J Membership recruitmeni. Assess how this can be Improved an%J any ao(Jits"onal resource requirements. Page 15 DARTMOOR PRESERVATION A8SOCIATION TRUSTEES REPORT ICONTINUED} FOR TNE PERIOD ENDED 31 DECEMBER 2020 TR STEES. RESPONSIBILITIES STATEMENT The TtUsleE5 are ie5PQll5iblB fDr prepc]ring the Tiusteeb. repDrl e wilhin one 16 {12AB71 113.721) NET CURRENT ASSETS TOTAL ASSEf8 LES8 CURRENT LIABILITIES NET ASSETS EXCLUDING PENSIOM ASSET 57.785 11,088 1.640.171 1.365.225 1,640,171 1.365,225 TOTAL NET ASSETS 1,640,171 1,365,225 CHARITY FUNDS Restricted fijnds Unrestricied funds 18 18 1.640.171 7,365,225 TOTAL FUNDS 1.640.171 1,365,Z25 Thg financial statements were approved and aulhorised for issue by the Trustees and signed on their bghaif by. John How•ll Cha*rman Date: 21 st May 2021 The notes on pages 20 to 34 forni part of these flnanclal statements. Pago 19 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THE FINANGIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020 GENERAL INFORMATION The charity 18 8 charitable incorporated organisation, rewstered vrfith the Ch8rity ComTni55ion. The reglstered office 15 Okj Duchy Hotel, Tavistock Road. Princetown, Yelverton. Devon, PL20 6QF. ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS Thtr financial statfsments have been pfepared in aGGordarKe wlth the CharlU*s SORP {FRS 1021- Accounting and Reporting by Charities". Ststement of Recommended Praetire app14cable to charities preparing Iheir accounts in a¢cordanGe with the FI￿nCIal ReKKYting Standard appl￿ble in th8 UK and Rèpublic of IrgJarKt {FRS 102) (effective 1 January 20151. the Financial Reporting Stss)(lard applicable in the UK and Republic of Ireland IFRS 1021 and the Ghariti'es Act 2011. The financial statements have b￿n PTep8red to give a 'true and fairf view and have departed from the Charities (Accounts and R¢portsl Regulations 2008 only to the extent reqtjlred to ptovide a Irue and f8if view. This departure has involved follDwn9 the CharitiÈs SORP {FRS 102} published on 16 JLdy 2014 rather than the Accounfjng and Reporting by Charities.. Statement of Recommended Practice effective Irom 1 April 2005 vthTch has since been withdravm. Darimoor Preservation As¥i)¢ialion meets the definit¥)n crf a public benèfit enknty under FRS 102. Assets ana liabil￿"e$ aro initially recogNsed at historical cost or transaction valu8 unless otherwise stsled in the relevant accoLtnling policy. Th8 CIO was irtOTpcwated in the ye8r ende(1 31 March 2020, and all assels ar￿ liabilTrties were transferred from the old unincorporated organisation. 2.2 INCOME All incomo is rÈ¢ognised once the chaTrty ttas èntillement to th8 incolne, it is probable that th& income will be rèceived and the amount of inrAkmt rÈceiv8ble c*n be re.Iwbly. The recognition ol income from legacies is dependent on establishing entitlem6nl. thg probathlity of receipt and the ability to ests.mate with suffirient accuracy the amount Teceiwdble. Ewdence of entitlement to a legacy exists when the charity has sufficient evRlence th* a gift has been left to them (through knovrfcdgE of the exi5tenGe of a valid will aiid Ili¢ d¥aUi vf Uig bEiieldLLvr} <1￿1 the executor 15 saiisfied Ihat the wopety In quests.on wll not be required to satisfy claims in the estsle. Receipt of a legacy must be rècognised when it is probable that il will ￿ iec8ived and the fair vaue of the amount recÈwable. uthi¢h wtll generalty be the expected cash arnount to be distributed to the charity. an be reliably measured. Grants are included in the Statement of financial actiwts8s on a receivable basis. The balance of income received for specific purposes but oot expended duiing Ihg period is shown in the r8J8V3nt funds on the Bal8nce sh881. Where income is received in advance of entiuement of recelpt. its r8cognib.on i% deferred ?nd included in creditors as defer￿ income. Where entitlement (￿r$ bèfore income is receivèd. the inrxjme 18 Income tsx recoverable in ￿latiOn to inve5trnent income is recognised at the thnè the investment irtoma is recetvabte. Page 20 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THE F114ANCIAL STATEMENT FOR THE PERIOD ENDED 31 DECEMBER 2020 ACCOUM71NG POUCIES leontlnuodl 13 EXPENDYfuRE Ex￿nditure ig ￿¢OgnIsed once there is a leg81 or constnKtive d?ligation to transfer economtG benefit lo a Ihlrd party, R Is probable that a transfer of e￿nOmIC ben&flts wlll be requlred in 5elYemènl and the arnounl of thg obligation can be measured reliabty. Expendiiure is classified ty activty. Th8 costs of gach ¥tivity are made up of th• total of dir•ct C￿t£ 3nd shar•Y costs, inefudirjg tsUPPOrt eoÈts involved in undertaking ea¢h acw. Direct costs attributable to a single actmty are 8lk)cated (lirec¢ly to that a¢tivty. Shared ￿$ts which ¢ontribLtte lo more than one activty and support costs which are rH)t attributable to a slngle acbwty are appOr1¢￿ned belween thr>se activities Dn a hAsl2 r￿n￿+Stant with the use of resources. cfjntr￿ stsff costs are allocated on the basis of time spent. and depreciaJon charges alk¢ated on the porti￿ of the asset's use. Expen(Ilfvre on t*aTllable 8¢UwUo81s inoJTred on directly undertaklng th8 8cllvllles which fvrlher the charitvs objective5. as well as anyassociat￿l $upport costs. AJI expendlbjre Is I￿luSIVe ol wrocover8ble VAT. 2.4 GOVERNMENT GRANTS Govemmenl grants relating lo tsngible fixed assets are treat￿1 as def6rfa(I iEwme and rejeased to the Statement of flnancial aclivili&s over th& expe¢t*J u88ful lives of thg assets ¢(￿CoMed. Other grants are erèd4t¢d to th# St•t•menl of financi81 activities as thè ralatod expenditure i¥ ineurred. 2.5 TAt4GIBLE FIXED ASs￿s AND DEPRECIATION Tanglble fixed assets are initially rewnised at cosl. After recognitsen, under the Gosl model, tangib rixEd ab5elb' tile ¥ne4sure(J al G051 les5 acGufflulatett ¢Jepreclallon and any accumulaied Impalrmeni losses. All costs incurred to bring a tsngiblè frxed asset Into its inlende(I wod(ir•J condition should included in the measurement of cost. Depreciation is charged so as to allocate the cosl of tangible fixed assets less their restdu81 value over thelr esllmated us8fv1 Ilves, uslng Ihe siralght.line melhixl. Dopredatlon 1$ pwded on the ftAlowtng bases.. Freehold land fvAotor vghicleg - L8nd- not deprèeiated S years straight line 2.6 INVESTMENT8 Fixed a￿￿t invcstmonts arc a fom of finan¢id instrument 6nd Bre initr*aSly ro¢ognised at their trans?ctTron cost and subsgqu•nUy moa¥urgd at fair valuo at thg 8alan¢o 6heg1 datè. unle¥ts thc valuc nnot b¢ m¢atsurod reliably in YthiGh Gase it is iiieasuibxj al ￿￿>1 Etrè") ¥lllV¢iiriiiviil. I￿v￿lT￿E￿I g*iifk5 anc6 losses. whether realised or unre81ise¢J, are combj.ned and present¢d as 'G8insllLossesl on investments, in the Statemènt of financial activities. 2.7 DEBTORS Trade and other dèbtors are recognised al the se￿ement hm¢￿jnt after any trade discoLsnt Offe￿d. Prepayments ar8 valugd ei the amount prepaid net ol any tfade disuxFnls due. 2.6 CASH AT BANK AND IN HAIID Cash at bank 8nd in hand inrjudes ￿$h and short-temi highly liquid investments wilh a short fEiaiwity of three months or less from the date of acquisrtion or opening of the deposit or similar a¢court. Page 21 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020 ACCOUNTING POLICIES (contlnu¢dl 2.9 LIABILITIES AND PROVISIONS Liabiltties 8re recognised when there is an objigation ot the Balancc shcet datc as a rcsult of a past event. it is probable that a transfer of economi¢ bènèfit wlll be requiied in setuemenl. and the aTnount of the setuement can be estimated reliat4y. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount il has received as advanced payments for the goods or services tt musl provide. Provisions are measuted at the best esflmale ol the amounts required to setue the obligation. Where the effect of the time value ot money is material. the pn)vtsion is based on the present value ol those amounts. (tiscounted al the pie-lax discount ralè that rafiecis the risks specSfic to tho liability. The unwinding of the discount is recognised in th8 Slattrmeftt of fjnancial activib.es as a finance cost. 2.10 FINANCIAL INSTRUMENTS The charity onty has financial assets and financial liabilities of a kind that quality as basic financial instruments. Basic financial instruments are initialty recognised 81 transacb'on value and subsequenuy measured at their settlement value with the exceptson of bank loans *+Jich are subsequentty measured al amortised cost using ihe effective interest method. 2.11 PENSIONS The charity operates a defir￿￿ contribulion pension scheme 8nLt the penwon tharge represents the amoLFnts payable by the charity to the fund in respect of Ihe period. 112 FUND AGCOUNTING General funds 8r0 unr8s1f1ct￿ fijnds which ara avai18bla for use at tha dÈscretlon of thè Trugtaas in furtherance of lh8 gene181 obiectsves of thg tharity and whlch hove not been deslgngled for other purposes. Designated funds comprise unrestricted funds that have been sel aslde by the Trustees for particular pwposes. The aim and use of each designated tund is set out in the notes to the financial slatements. Rctstri¢tod fun(k are funds which tsr¢ to ba usod in accordanco with spècific rèstridions Fmp060d by donor8 which hav8 b8en taised by the ch8rity for p8rttcular Pufposes. The costs of rai81riJ 8nd administering such lullds are charg8d agatnst th8 specific funtj. The aim and use of aach re8thde¢J lund is set out in the notes to the financial statements. Invcstmcnt irLoom¢, gaIr￿ and IoTr•S¢￿7 ar¢ allocat¢d to the appropriatc fund. Page 22 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020 INCOME FROII DONATIONS AND LEGACES Un¥¥strkt8d Restrlct•d Total funds funds funds 9 month5 9 month$ 9 months •nded ended ended 31 31 31 D4eember December December 2020 2020 2020 Donations Legacies Govefflrnent grants 1,950 52.153 1.950 52,153 2,500 2,500 54,103 2,500 56.603 Unfes￿¢ted funds 12 months dod 31 Marcli 2020 Total funds 12 morlths ended 31 March 2020 DDnatlons Legaeies 7.341 1.020 7.341 1.020 8.361 8,361 INCOME FROM CHARITABLE ACTMTIES Unrestrlcted Ro¥trlcted funds funds 9 months g months end¢d ended 31 31 Dgrewnb8r 21120 Total funds 9 months ndtrd 31 Decembgr 2020 D¥￿¥￿itsEl 2020 Membership Land management 18.524 S,092 18. 5,342 250 TOTAL 2020 23.616 250 23.866 Page 23 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 fJFCF.MBER 202n INCOME FROM CHARITIELE ACTIVITIES {CONTINUEDI Unrestrlcled funds 12 months ended 31 March 2020 Restricted Total funds 12 months ended 31 March 2L120 12 months ended 31 Maich 202CI Membership Land management 17,132 9,220 17,132 9,470 250 TOTAL 2020 26,352 250 26,602 INCOME FROM OTHER TRADING ACTIVITIES Incomo from fundfalslng events UnTgStrtcted Total funds fund8 9 months 9 months ended ended 31 31 December December 2020 2020 E¥temxl 821p_ 3.804 3,804 Unre¥tr*t¢d funus 12 months ende(I 31 March 2020 Total nds 12 monihs ended 31 March 2020 External Sales Aclivit6es 6.905 2.188 2,188 9,093 9.093 Page 24 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THe FINANCIAL 8TATEMENrs FOR THE PERIOD ENDED 31 DECEMBER 2020 INVESTMENT INCOME UnrestrlGtsd fvnds 9 month5 onded 31 De¢ember 2020 T4)tal funds 9 months ended 31 Oe¢&mber 2020 Invasbnent income 29,376 29.376 Unrestricted funds 12 months ended 31 March 2020 Total funds 12 months ended 31 March 2020 Inc¢)me from l(wl listed Irbvestments 24,056 24.056 EXPENDrruRE ON RPJSING FUNDS FUNDRAlStNG TRADIt4G EXPENSES Unr•strlcted Totsl funds funds 9 fflonth 9 Inoiith ènded endod 31 31 Decembw December 2L12Q 2020 Extemal $81ès 2,079 2,079 Page 25 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020 EXPENDITURE ON RAISING FUNDS (CONTINUED) FUNDRAISING TRADING EXPENSES (CONTINUED) Unrestrided hjnds 12 months ended 31 March 2020 Total funds 12 months ended 31 March 2020 External Sales 4,960 4.960 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Summary by fund ty Unr•stri¢ted fund5 g months endèd 31 Dec•mber 2020 R•$tricted Total funds funds 9 month g months ended ended 31 31 December December 2020 2020 Dirèet costs 77,005 2,750 79,755 Llrw&tricted funds 12 months Rg5tricted funds 12 months @nded 31 March 2020 Total lund$ 12 months èndcd 31 Md¢¢h 2020 31 March 2020 Direct costs 110.042 110,292 Page 26 DARTM¢X)R PRESERVAnoN ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS roR THI PERIOD ENDEO 31 DECEMBER 2020 ANALYSIS OF EXPENDITURE BY ACTIVITIES Actlvltseg und•rtak•n Support Tot•1 dirèctly costs funds 9 months 9 months 9 months ended ended endèd 31 31 31 December December Dwmb 2020 2021) 2020 Ch8rilablè expenditure 11.4n 66,278 79.755 Activilles undertaken direcdy 12 months ended 31 M&rGII 2U2U Support costs 12 motths ended ?1 Mthch Total fLmds 12 months ended 31 Maich 2020 Charltable PX￿ndShir0 110.292 Analysis of support costs Total funds 9 months ende 31 Activltles 9 months en(1g(1 31 December December 2020 2020 Staff Gosts Dopreciatb)n Membership 30,410 4.882 10.460 1,259 12.495 2.772 36.410 882 10,460 1.259 12,495 1772 Offica 8xpÈnsas Subscripfions 68.278 68.278 Pag8 27 DARTMOOR PRESERVATION ASSOCIATION NOTF.S TO THE FINANCIAL.qTATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020 ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) Analy¥ts of support costs (continued) Tolal funds 12 rnonths ended 31 March 2020 Aclsvilies 12 month5 ended 31 Maich 2020 Stsff costs Depreciation Mernbership Accommodat¢on Office Expenses Subscriptions Other staff costs Sundry £xpènsgs 48.072 48,072 4,880 9,531 2,625 19,997 7.693 60 243 9,531 2.625 19,997 7,693 243 93,101 93,101 10. INDEPENOENT EXMIINER'S REMUNERATION 9 months ¢nded 31 December 2020 12 months ended 31 March 2020 Feès payable to the charitys independent examiner for the independent examination of the Gharity's annual aGcounts 2.240 2,175 Page 28 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOA THÉ PERIOD ENDED 31 DECÉMBER 2020 11. STAFF COSTS 9 montho ended 31 De¢ember 2020 12 mont endeij 31 March 2020 Wages and salaries CDntrbulion lo defined contributioT) pension s¢hemes 35057 553 47,358 714 36N10 48.072 The average number of persons employed by thg charity during the perioj was as follows.. 9 month¥ ended 31 Dècember 2020 No. 12 montèkg ended 31 March 2020 No. Employees No employee recefved ￿mUnerat[On amounilry to more than £60.LKKI in ethryear. l TrtJ$t￿s •nd cortain s•nlor ￿ploY•09 ¥tho havo authority and ro$pon$lbillty for planning, dlroelin9 and Controlling the adwibes of th8 Charity are constdered to be key rnan8gement personnel. The lot81 refftunw8tion received by key rnanagemenl personnel was £21,000 (March 2020: £28,000). Trustees are not rernun8rated for their role as Tru5te8s. 12. TRUSTEES. REMUNERATION AND EXPENSES During the ￿TiOd. no Trustoes re¢elv¢d any remunefalKJn or other benofits (March 2020.. £NILI. During the rEriod ended 31 December 2020, expenses totalling £1.257 were reimbursed or paid directly 10 3 TrtJ8tees (March 2020- £3,722 to 3 Trtjsleesl. Pag8 29 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020 13. TAè4GIBLE HXED ASSETS Freehold property Motor v¢hl¢les Total COST OR VALUATION At 1 Aprll 2020 111,000 24,399 135.399 At 31 December 2020 111.000 24.399 13&399 DEPRECIATION At 1 Apnl 2020 Charge for the period 19,517 4,882 19.517 4882 At 31 December 2020 24,399 24399 NET BOOK VALUE A131 December 2020 111,0110 iii.000 Al 31 M8r¢* 2020 111.000 4.882 115,882 14. FIXED ASSET INVESTMENTS Ltsted Investment$ COST OR VALUATION Al 1 April 2020 Dlsposals Rvvaluation5 1.238.255 {10,0001 243.131 AT 31 DECEMBER 2020 1.471,386 NET BOOK VALUE AT 31 DECEMBER 2020 1.471,386 AT 31 MARCH 2020 1,236,255 Page 30 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 310ECEMBER 2020 15. DEBTORS 31 OK•mtw 31 Maich 2020 2020 DUE WITHIN ONE YEAR Prep8yments and aCCTued In￿Me 3,768 1.960 16. CREDrroRS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31 December 2020 31 March 2020 Accruals and deferred Income 11487 13.721 17. FIPIANCIAL INSTRUME14TS 31 Decemb•r 2020 31 March 2020 FINANCIAL ASSETS Financlal assèts measured 81 fair valLte through income arKI expenditure 66,504 22.849 Finanual assets mèasured at fair walue through income and expenditure comprise of cash at bank. Page 31 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE peRIOD ENDED 31 DECEMBER 2020 18. STATEhlENT OF FUNDS STATEMENT OF FUNDS- CURRENT PERIOD Balance at 31 Gelnsl December ILos$&s} 2020 Balan¢• at 1 April 2020 Tran$feTS Inl¢iut Inttime Exp•ndlture ut4RESTRICTED FUNDS DESIGNATED FUNDS Investment funds Fixed assets 1,238,255 115,882 110.000) 243,131 1,471.386 111.000 48821 1,354,137 {4.8821 110,0001 243,131 1,582.386 GENERAL FUNDS Genèral funds 11.0È8 110.899 1742021 10.000 57.785 TOTAL UNRESTRICTED FUNDS 1,365.225 110,899 179.084} 243,131 1.640.171 RESTRICTED FUNDS Gov¢rnment grants 2.750 {2.7501 TOTAL OF FUNDS 1.365.225 113,649 181,8341 243.131 1,640.171 Oesonaled Punus Invostrnent funds and fixed assets Tepiesenl funds unavailablé for day to day usg wthin the charity, anrl held in either long term investment porttolios oi functional fixed assets. Restricted funds include one off restricted grants tor speufic pro5e¢ts an¢J ijlscretlonary COVID gran15. Page 32 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 20211 18. STATEMENT OF FUNDS ICONTINVEDI SI"ATEMENT OF FUNDS- PRIOR PERIOD Balaricè at 37 March 2020 Balance at 1 April 2019 TrÈnsfers inloul Gainsl (Losses) Income Expen(Jiture UNRESTRICTED FUNDS DESIGNATED FUNDS Investment funds Fixed assets 1.374.444 98,762 1136,189) 1,238.255 115.882 14.8801 22.0 1.473.206 (4.8601 22.000 {136,189) 1,354,137 GENERAL FUNDS General lunds 57.669 67.862 1110.1221 14.3211 11.088 TOTAL UNRESTRICTE D FUNDS 1.530.875 67.862 1115.002) 17,679 {136,1891 7.365.225 RESTRICTED FUNDS Land appeal funds GovèTnment grants 17.679 117.6791 2SO 1250} 17,679 250 12501 {17,6791 TOTAL or FUNDS 08,112 1115,2521 1136, 189} 1,365,225 Page 33 DARTMOOR PRESERVATION ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANPLY515 OF IIET A55ETS BETTIWEEN FUNOS. GURRENT PERIOD Unrestrlcttd Total fvnd5 fund5 31 31 De¢•mb8f Decemb 2020 2020 Tangibl8 fixed assets Frxed asset irwestments Currant assets Creditors due within one year 111.wu 1,471,386 70,272 112.4871 1.471 J86 70.272 112.4871 TOTAL 1,640,171 1,64Q,171 ANPLYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR PERIOD UnTe3tr1Gted funds 31 March 2020 T¢Jt41 funus 31 March 2020 Tangible fixed assets Fixed asset investrnents Current a55els Crèditors due wlhin one year 115.882 1.238,255 24,809 113.7211 115,882 1.238,255 24,809 113.7211 TOTAL 1.365,225 1.365.225 20. PENSION COMMrrMEKrs The charity owèrates 8 dèfined ￿nInhUtIOn ponstnn *r.hAmo. Thp nf thA .qr.h8mB 8rp hpld separately from those of the charity in an independenlly administered fund. The pension cost charge repr&£eTrts ¢ontribution$ p2yabla by tho charity to the fund and amountgd to £553 (March 2020.. £7141. Contribution5 totalling £NIL (Marth 2020". £NIL) were payable to the fund at the balance sheet date and are included in cre¢Jitors. 21. RELATED PARTY TRANSACTIONS The charity has not ente￿d Into any r81ated paty transacJon duriroJ the perlod, rK)r are Ihere any outstanding balan￿S owing btheen related parties and the Charity at J1 December 2020. 22. CONTROLLING PARTY The ch*ty is controlkd by the Trustees. Page 34