Chaity rglll8lrnUon numb9r 1182974 Dartmoor Preservation Association Annugl Roport And Flnandol Stat8monl8 forlhe Year Ended 31 Dec•rnber 2025 WESTCOTTS TIRIO AC¢OLIT•T AWT • BIIAIII&SI ADVISI N
Darlmoor Preservatlon Association Conlents {contlnuod) R•feren¢è ind A¢knini&trativt DelalL% TN8t888' Report 2to14 Independent Examlnef8 Report 15 Statsmènl of Flnandal ActlvlUe8 18 Balanc• Sh••t 17 stgt8rn8nt of Cagh 18 Notsa lo the Flnandal Staternents 19to33
Dartmoor Preservation Association Reference and Admlnlslratlve Detai18 Chalmian John Howell Chlef ExKutlvo Offir Tom U8h8r TruJte•• John Howel Kats Ashbrook. Acllng Vico Chalr Willlam Fell Jane March8nd John Skn'nner ¢Ud* Wllllam• Nathan Fuler Gian Elli$ Amanda Barton Amlta Rav Charlty Reglltratlon Numbor 1182974 Prlnclyl Offl¢• Old Duchy Hot81 Tavlslock Road Prlneetown Yelverton Devon PL20 fjQF Ind•ndt Examln•r W8Stcotls ISWI LLP Plym Hou8e 3 Longbrtdgg Road M8rsh Mill$ Ptymoulh Devon PL6 eLT Sollcltorn: Trowors & HArnllns The Senat8 Ground Floor Soulh?mhay Gardèns Exeter Dèvon EX1 1UG Bank•rn NatsYe8t Bank p I Church S¢Tegt St Aust•ll Comwall PL25 4AW Ind•p•nd•nt Flnan¢bal Advl••r• westtt, Chartarad FInCIal Plannerg South&mh8y East Exetar Sl. James's Place Wealth Man898mgnt Ptymouth Intemadonal Buslness Park Page 1
Dartmoor Preservatlon Association Trust••s' Report The Iru3lees present the annual report together with the financi 8lalements of the charity for the year andgd 31 Decernber 2025. Obl•¢tlv•• and actlvltles Owocts •nd alms The Object8 of the A5swl8tlon, 0$ 8et ou¢ In Its CM$Y¢utl¢)n 8re'. The ¢on$ervalion, preservation. protectIc and enhancement of thè 18ndscÈpa, BnliqullIè8 flora and fauna, natural LautY, ltural herllage, and the sclenllfic morrt of Dartmoor for thè publ1¢ bonefll, Sn particJJlar but not ax¢lu8Jvely by.. 1. The prolection and pres•rvatlon ol publk awss to and on Dartmoor subject to Ih? andent rfghts of *mmongrs', 2. Th8 praservallon In Ihe public Interest of the Dartmoor Cornrnons and forthl$ purp06e to as318t and operate th the commonèrs and any organisalion In 8chlevlng thls object,. 3. Tho $bJdy of and Ihe r8cordlng and publlcotlon of Informatlon upon the anuqulues, hl8tory, and naturnl hlg10ry of Dartmoor, and 4. The study, kn ¢tropgralion with olher brNJie3, of future trend8 on Dartmoor and th8 putting lorw8rd of ideaB to ensure thalr developm•nl 8bn9 lin¥s In harmony wtth the above objects. Th9$0 Oblgct5 are consldered In fomiulatlng the AGso¢laUon's $lr8togy 8n¢J pc41c488 and In maklng dedsk)ns on whelher or not to 5UPPOrt a sp8ofic prol8cI. The Trustees regularly rov1 th• A$80¢iallon'$ Oblocts and mako 8ur• Ihal they o)nllnue lo felovanl, appropTl8te. aThJ up to data. Publlc b•n•fit The trustees confirm th81 they have cornplled th the requirements of Bectlon 17 of the Chadllas Aet 2011 to have du& r•garil to the public Nefit guld8nc& publl8hed by th8 Charity Cornmlssion lor England and Wakn. Pag8 2
Dartmoor Preservatlon Association Trustees. Report (contlnued) M•lo) actfvltles undertakm to further the charity'¥ purp¢•è$ for publlc b•nefft In 2025 Summary agalnst ¢harltabl• obl•cl8. Object 1. The protectlon and pr••eTvatlon of publlc a¢c•s9 to on Dartmoor subject to th• ancl•nt rlghts of comTnongrs 1. Youth aec•88. Proed final fundlng and support to tho Oartmoor Communlty Youth Engagement Rang8r w)8t to enable and ancourd98 n9 pwl8s' partsupation In carlng for Oartmoor. 2. Publlc events. Lead partner for the Oartmoor Outdoor fe3llval- Fl4n, (und. adv8r&s8, 18d a numb8r of 6p8dall81 wofts. 3. Backpack camplng. Supr•rna Court victory on the rfghl to back-pack camp under the Dartmoor CornrTK)ng Act 1985. 4. Parklng. Worklng wlth landowner8 and DNPA lo fr9 9mal•r parklng acces8 lo th• SW quadrant of D&rtmoor. S. T•n Tori. Funded and dellvered Moor Boots 2025. 6. Publle AccM• Fund. sot up and delred yogr 1 of th• DPA'S Public Access FurKI IPAFI to Support tho Itgal challenge to ba¢kpack MpIng ban and fund Ihe DNPA comrnunlty engagernent rangar. P8gg 3
Dartmoor Preservation Associatlon Trustees, Report (contlnuedl Object 2. Th• prog•rvatlon In th• publ1¢ Intor•$t ol th• Oartmoof Common¥ Ind for th18 purpo•• to agslst al Cow0rat• wlth th• common•r6 and any oryanlsatlon In achlev5ng th]• 1. M•dl• •ng8g•m•nt. Natlonal and lo(l on Issues of 8e¢8s8. fAnd management and youth engagement on Dartmoor. DPA has appaarad multlplè tim&s In prtnt, on raglonAI radio and live natlonal telewsion on 2025. 2. Youth Art Comp•titlon lin coll8b¢xats'on wth Roots Clolhingl.. A youth art Inltiative Inviting &18 year olds lo crg91e Dartmwr Insplrtrd 4rtwork. wllh winnef8 featured on eco ffiendly dolhlng to SUFVOrt youth acc&ss conservatkjn prole¢t$. 3. Dry •ton• walllng eour••'. Hand8 on trainlng and repalr work at Pudsham Maadow8 lad by axpgrt Wo119r¥, lgachlng volunteers the Iraditional craft of drystone wall construcuon and mainl&nance. Shroud of Durtrn¢Jor'. Communlty cr88t8d 'Shroud lor Molher Nglure. carried on rell8ctiv8 walks and through ceremon$ to hlghllght blod5versty Iosg and 9P8 convars8llon About D8rtfflOL%'8 ecologlcal futur8. 5. Cr•allvo wrlllng, Wild Word8= A creative writing call out invits'ng people ol all ag8S to capture Ihoir experk8nces and conn8cllons vAth Dartmoor through words, wlth submlsslons publi8hed onllne and Sn A dvJital anthology. This work was backed up wlth an avant of Ilva r•adings and eommunlly galharlng. O. Flr•br•ak¥. ProvKled fundlng lo Dartmoor Cornrnoners Councll for firebr8ak Improvem8nt works In NW D8rtmoor 89 Part rèsponse plan lo the Fur Tor wildfire event. 7. Volunt••r8. Supportad the OPA conseNation volunteer team to dèllver import8nl pie¢tr$ ol woth al mulllpl$ lo¢ations across Oartrnoor, not on DPA18nd, to enhance blodlverslly and wolect hèrft898 and areh8901()gical a88et3. 8, Expandgd fr9• wJlk• prog l. Ecology walks at Sharpltor and Hound Tor, exOring Ltpland habitstj 8nd vAldlffe QUn0 th• 2025 f¥stiY81. 11. Folklor8 Story Walk8- Gulded 8tory walks 8uch a8 Wlstman'g Wood & the Wlhl Hunt, bkndlng local folklora and landscape inlerpret8tion. 111. Merrival• Ston• Row5 Story Walk - A storytelllnu w81k around Mèrrlv81'$ ¢erernonlal landscape, ¢orrblning archA8ology and folklora wfith lal88 shared by guid88. IV. HlstOriC81 & Archaeological Walk Elements- Walks through locations Ilk& Foggln Tor S1 Sw811tor qbarrie8 and MerrSvalo pr9hlsloric stone rows, offertng Inslghts Inio Sndustrfal hlslory and andant archaeology as part of 9ulded routes. V. Ecdogy Walks at DartnK)fx Outdoor Festlv81- DPA-led Dartrnoor Upland3. Vl. Free Gulded Walks ProgiammB IGBnerall - Throughout 2025, DPA VolUntr led a series ol free guldéd walks across Dartmoor. ranglng frorn short strolls to Icger routes deslgned to hl9hlkJhl landscape lealurgs, heritage, nature. and access lor all abiliues Page 4
Dartmoor Preservation Association Trusteas. Report (contlnued) ObJ•ct 3. Th• •tudy ot and the re¢ordlng and publlcatlon d Infr•miatlon upon tho antlqultl•$, hl$tory. and natural hlstory of Dartrn¢)or', and 1. Archa•ology. Supported research intr* thg Archaeology of th8 Moor by fiJndiThJ 2 ac8demKs ngftged in PhDs. l. an Endacott, 8 Dartmoor bom archaeologist and founder Curator of the Museum of Dartrnoor Life, has recelved DPA fvnding to lead excavallons on nY dlsLX)verod prehlstorlc stone clrdes and rèlatad rftual landsc8p8 Srt88 around Taw Marnh, bulldlng on h19 eadl&r d16covery of thè Sltt8ford $lon& circle 11. Dr Phll Newman, a 1g•dlNJ Dartmoor 8rchaeologl8t. ha8 been 8UPPOrtèd by th8 DPA to Invostlg8te p98t charcoal 8eross th• moor, uncovering 13 clustèrs of mounds that may be the flr8t phyBical d8ncg 01 on y8nd eharcnal burniro Industry previously knw only from hiBtorkal records. 2. Ecology. Ll¢hon 8ludy and reports at Hlgh House Waste and Sharpllcrf. Pagg 5
Dartmoor Preservation Association Trust88s' Report Icontlnuedl Obl¢¢t & The study, In COwOP•rntlon wlth othèr bodi••, of futurg tr•nd$ on Oartmoor and th• puttin9 forward of bdgas to •n8ur• th•lr d&vglopm¥nt along Iln•• In harmony wSth the abov• obJoGt•, 1. APPG on National Parks - The DPA mat wrlh thè Ml Party P8rfi8rn8nt8ry Group on National Parks In Wèstminster lo dlscuss DArtmoorfs futur&. In¢aing nature Tery, acc88s and climate priorities whh parflamentarian8 and 56ctor stakeholders. 2. DNPA Sw•ar Partn•rshlp plan d•v•lopm•nt- The Dartmoor Na'onal Pa Partnarshlp Plan sats a Shared vision for land m8nag&ment 8nd future prforllles across natur8, heritage. communllios and land use through coll3boratlv& plannlng 8nd consultation. The DPA have been Invlted to attend dgepdlv88 into Ihree workstrnams,. Nature, H8rft8g8 and P808. 3. DLUMG (Dartmoor Land U•• Managom•nt Group} - A govemment estèbli$hed advisory group brtn9lng log8lhèr axpèrtlsa to implèm8nl the Dartrnoor revlew recommendaUons And develop stralegic land usa fraMOrk for natu, LYlmal• and pthli¢ ben•fit acros8 the NatSonal Park. DPA 81t8 on th8 management board and comms work8treom. 4. Plannlng. Partldpaled In planning con8ultsdons 81rn8d at malntsinlng Iha prolo¢tknnJ afforded lo th8 Natlonal Parks. Conlinwd lo monitor plannlng appllcations and oppos8 InapwopA81o ong5. 5. Influ•nc• wlth DNPA. Engagod regularfy w6th thè DNPA to provlde both 8UPPOrt and ch8NeThJe Induding forrnal 6 montNy meetings wtth CEO DNP 8. F4brlc of Dartmoor. Contributed funds, ts'me and advice lo Dartrnoor-wlde PfOj8Ct8 to protact thg vIBual and ecologlcal envlronment of Dartmoor Such q8 Th8 South Wesl PeaU8nd Partnershlp. 7. R•vlowlng DPA'• opproach to our land holdlng•'. l. Engagad spèdallst E¢oSoglg18dvl¢e ¢n a¢curacy of land managem8nl pLqns and th& next 5 yèAr8' worth of key actions. 11. Expand•d 8uN8y progTarnrn8. Invertebr8t•g. br••dlng blrd8. Ilchèn8. florA and bryophyteB. 111. Rewrlit8n And publlshod larKI managernenl plans for all 4 laTrJ holdlngs IV. Engaged wllh tha DArtmoor C6ntr81 Familng Clu$tsr lo ensure Swlncombe contrfbut88 to Landwpe Recovery Area 2 Page 6
Dartmoor Preservation Assoclatlon Trustees. Report (conlinuod) Runnlng thè DPA- Th8 DPA'S Trustees have rgvIgW8d lh8 activit6•s ol the Charity in lh8 light of th& guldanc• publIsd by the Charity Comm153ion on publlc bèneflt. The Trustees are satisfied Ih8t the Assodatlon's activiti98 are for the publlc bgn8fft, r•laUng as they do to protecting, promoting, and enhancing, in the public inler8St. the landseApe, antiquitles. flora and laun8, n8tur81 baauty. cultural heritage and sclontlfic Intgrost ol Dartrnoor. The pr858rvatlon 8nd onhaneement of th8 Dartmoor 18ndSea 1$ recognised Bs a charitable purpo80 and produce8 8 "publlc good,. which 18 achieved by thg a¢tlvlllo$ Sot out In ihls repJrt. These obléellvas warg gchl8v•d throusth.. 1. HoldSng our Bkannual Trustees away dBy to dlscu88 dlr8ct4on, strategy and p18n8. 2. Maintained the profile of tho DPA through a planned prograrnme of publlc eng8grn8nt on all soclal mediB channo18. through tha w01M81ntaln8d w8b8lte and 8cUv8 p8rfcIpa0n In m8dla Inleryi8wB Sn print, on thlèvl8lJn and lh8 r8dlo. 3. Malnlalned effective gov$m8nca and Ilnanclal s8curlly through adher8nix to tis policies and flnancial controls and by holdlng rngular r8vl8ws wlth our fin8nel81 Advls8rs to consld8r Investment performan¢&. loggthar wlth tha1gv81 ol rlsk and types of Inv$tmènt that ar• Acceptab. 4. Managed our land holdlng5 in a¢¢ord8nc• wlth goc#J ptIce. 5. Updated th• DPA'8 con8tltutlon th enhanced poll¢lo9 on dlgital W01n9 and onlhe deci$ion-maklng. Flnanclal rnvl•w Golng conc•m After rnaking appropdatè ènqulrtes, th8 Tnjslees have a r•asonabl8 @xpèctalk)n that the Assoclatlon h8$ adgquata resourcos to conunue In operational èxlstaneè for lh8 foreseeable lulure. In 8Ching thls concluslon the trustees have con$idèr•d a parknd of at l•ag112 months fom th6 date of 81gnlrwJ of thls report. Page 7
Dartmoor Preservation Association Trusiee6' Report {conllnued) Flnanc• Ovwvlw andPollcles lal Most of the Chariws income is obtained frorn legadas and memberghip sUbsCp0ns, the use of ith is unr8Stn'ct8d. Ibl DurSng the yEar ènded 31st D8C8mber 2025, the Charfty received total income of £5S6,27812024 94.156}. This increase results from one off IaCleS of £303.462 and a transler lo income lor the nused wld camplng fund of £173.038. Th8 cho(tty in¢uryod total expendfture of £244,592 12024 -£178,0491. The excess of expendilure ovor ineome for the y8ar was £311,666 before Investment 991ns.. Icl Al Ihg year end Iho Chafity had lot81 r988rve8 of £1,968,968 r8Stricted re$¥rv¢s of £2.Tr)0. The full rese8 movements and doslng balanc8 posltlon 18 Shown In note 18. R089rv98 are needed to bridge the 9op between the 8p8ndlng and recelving of income to cover unplanned activlt18s and other expendllure. The Trust8es consld8r that the level of free reserv88 a8 at 31st De¢grnbgr 2025 Is more than suffici8nl lo meet fores•eBb18 operatlng Ix)sts and has therefore move £249.375 Into long lorrn Inv&stsnents lo ensure the charftleB l¢xoer lenn flnone4al health. Idl The Charfty had no r8s8rvo$ In daflclt at 31st Decembèr 2025. l&) At 318109cembor 2025 the nel book value ol fixad assets was £1,903,396 ltsf whlch. £1,792,396 relates to inv8slmant portfolios) more detsils of rnovernents are 8hown In nol• 13 and notè 14 lo tho flnanclal 8tatements, raspectlvèly. In Key fln8n¢l81 wJlkles adopted or revlewad dudng thè rIOd inclthl& the Flnance Pollcy, which lay3 out tha framèwork for financial manag•m•nt, Induding financlal r&Gpon$lblll3 of the Board, managers, budg8t holdarn and olher 8taff. as woll 88 delegated authority for $pènding. The AssoclatSon's In¥ostm•nt Pc41cy w88 also r$Ved by the Tru3leeB. Inv•$lmgnt Poll¢y •nd P•rfom7•nc• The DPA'S invèstmènt strategy Is to rnalnlaln capltal growLh whlle taking Income lo support operational worklng capltBI r8quirernenl3. Fund5 a currently invested through W6$lcotts Financial Planning and St. Jarnas's Pl8c8 Wèallh Managefflent. TheBe organlBallons carry out 8n 8nnu81 pèrforrnance review wlh thè DPA Btrard ol Trustees. who approve any changes to Olcy or dlspo$SUon of funds. We c106ely monttored ¢osh Ilow arKI investment valUaonS throughout 2025 and molnlalned ¢loBe contact th our financlal advisèr$, beUSe of uncertainties In the flnancial markets. includlng ¢tsncems over the dsks ol hlgh8r-than-gxpecled InflaOn. We ntinUed to taka 'Cautitsus-lo-moderale' approach to Investmènt, so that any fall in Iha equity portf10 wa6 balanced by other lorrn8 of Investmenl. Over Ihe course ol the year, our non-18nd Investments increased by £125,537 èxcluding ¢88h deposils. This Is wekome n8ws. W8 aré gssur8d by our 8dvlsor8 that Ir long-leim investment pollcy rgmains 80und. Plan$ for futyr• p•riods Alms and k•y obiocliv•s for fulureperiods In addrtion to caryng out OP8rational, adrnini5tradvo. conseryation and land management actlvmes, thè DPA'5 Trustees have identified a number of areas as high wiorities for 2026, based around 8th1g p0sV8 OLrtccffle3 for clirnate, natur•, peo and places. Pag9 8
Dartmoor Proservation Association Trustees. Report (contlnued) Obloct 1. Th• protectlon and preBervatlon of publle acc•ss to and on Dartmoor •ubjgct to th• anclent rSghts of common•T DNPA by•laws. Work with thè DNPA and other organisaltons to prevent the introduetlon of the flawed a3P8Ct8 of the byglaw TPVIW. oJrrenUy on hold pending the out(xJrne of tho Supramg Court backpack camplng case. SWPP. Increase engagement w(th SWPP man&Jem•nt team to ensur8 Sufficient gov8man¢s eontrdB are in a¢8 as they enter the flnal ygr¥ of Ihelr pmlect {8ubhect to fvtUTe fundlrigl Obl•ct 2. Th• pr•ur4atlon In lh• publle Int•r••t 01 the Dartrnoor Commons and for th18 Purpo to a••l•t and ¢owrat• wlth th• ¢ommonèrn and any org¥nlJatlon In achl•vlng thls obJ•¢l- . DPA publlc AcG••• Fund. Expand this pro9rarnmt In yts8r 2120261 to Invlte members of the publlc gnd IOCAI groups to bld for 8mall grants lo f8cllItAtè gf8gS-TOOtg accass to Dartmoor. Mo•r 8oot• 2026. Exp8nd M826 to Allow ov•n graater nurnbers of dlsadvantaged y)ung p•opl8 to acce85 Dartmaor through organisad ovenls 8uch a8 Ten Tors and D¢E. Targ8t ol doubling engaggm&nt to c.150 young peopl8 In 2028. Th• Tor8 F••tlval. LeAd $pon8or of thls avgnt c81obratlng Oarlmoor, Th• Commons and th8 envlronmenl of Dartm¢)or. D•rtmoof 75th annlv•r••ry. Launc Dartmoor Challongè badgo wilh SW Glrt Guldes and Nation81 Trust. Two Moor• W•y Soth 4nnlv•r•ary. Conlrtbulo fundlng. comm$ 8nd In-klnd 8UPPOrt to tho 2MW an151ng commlttee. Rural •klll8. Bring th8 Ellwood Gla88lc nalk)nd woltlng MPetItIC to Dartmoor for Ihe first Ilm8 In Jung 2025. Acting as lead 5pon50r and cwrganiser, develop thi8 opportunity to c&lebrate rural skllls, èxplaln th818ndEcape of Dartmoor And engage the publlc In the ITnPQrtan¢¢ of the Cornmons. Obloet 3. Tha study of and tho r•¢ordlng Jnd publlcatlon ol Inforni•tlon upon th• antlquEtI••, hl•tory, and natural hlotory of Dartrnoor: and Archlvo. Hous8 the DPA arehlv8 with a subtablg cu8todian in ordgr to koap the archlve avallable to . Ecology. Continuo b $F4)nsor •ts)l(yaical Surveys on DPA1ond. Pagg 9
Dartmoor Preservation Association Trustees, Report (contlnued) Obl•¢t 4. The study, In eowOP•rntlt)th wilh olh•r b¢di•s, of future tr•nd$ on Dartmoor •nd th• puttlng fon¥ard of Id•as to •n8ur• tholr dovolopmont along ling9 in hamiony wlth th• abov• objects. 4H•rlthg• To cLJnllnue the DPA'S m•mb•rship of bodies 8uch as the DNPA Cultural H•dtag• Athsory Group ICHAGI. DLUMG. Rgpre8enl Ihe ewS of DPA membgrs 0$ 8 m¥rnr of Ihtr group. .Advoe•ts lor DNPA fundlng. Carnpabgn publlcly on National Park fundlng 8ThJ DNPA lundlng In partlcular, BeNro out th8 gap b8iw88n GDVt. fijnding, Iyerallng cost5 and ambttlon. Structur•i gov•rnanc• and m•n•g•m•nl Natvrn of 9ov•rnlng Ilocum•nt Th& pdndpal object of lh8 charity is tha cons6Natlon, pr¥$OTvallon, proleclkjn and enhancement of tho landscapa, •nIlqu1tsS, flora and fauna, natural beauty. cuttural hèritage, and the 8clenllfic ment ol Dartmoor. Thè OPA is a Charitable Incorporated Organlsallon govemed by Its Conslllutlon orInal dated 15 Apdl 2019 and mo31 recenuy updated on 7thJun6 2025 to add dgtsil on dwJi181 work practices and online d8clslon mgklng. 1118 reglstered a8 a charlly th thè Charfty Commlsslon. O&t8118 of the Tru8tee8 who 88IV8d throughout Ihe y98r aro Incaudad In the Reference and Administrgti d¢tai18 81 Ihe beginning of thls report. The Twstees have dgvolv8d r&sponslblllty for day-to-day m8nogemenl ol the Charfty to lh$ key managemenl personnel. Th• kay man8gom¥nt porsonnel comprise lh8 Chlof Exocullve. tho Flnondgl Administrator and th8 CornmunSc8llons Officer. Tha kay rnan89ornenl personnel Implement the policA•s laid down by Ihè Tru8tee3 and report back to tham on p8rformone•. Page 10
Dartmoor Preservation Association Trustses. Report Icontlnuedl Rocrultfflent and appolntmènt of trusto•s A8 8et out in the Con8titution. thè Chair is nomlnaled by Ihe Board ol Trus10es. Now Trustaos are ppointed by existing Trust•8s and the members of the A8sociation. sérv8 for a perlod ol three years and are than ellglble for immediate re-election lor 8 second three-year temi. No Officer or Tru8tOè shall serve more than three consecutive terms, but they shall be eligible for re-eleth'on one or rno years after the end of their thlril term. Thg Conslltutlon provides lor a mSnlrnum 0¢ 3 Tru8tga$, and a maximum of 12, Includlng lh8 Chalr and Vlce-chair. The members of th8 CIO or thè Trustees hav& the power to appolnt a lurther Trusteels) at any time, provlded that the Ilmrt on tho number ol Trust8aS w(Id not a5 8 r95vIt b8 &xc8•d•d. ATr m8mbefs are clrculated wllh Invltatlons to nomlnate Trustegs prlor lo th8 AGM, 8dv151ng them of any retiring Tru$le89 and requestlng nornSnations for th8 AGM. When con3lderlng co-opting Twstees, thè BoArd hA8 r8gard lo tho raqulramenl lor any sp8clallsl 5kllls n88ded. In 2021. Trustees adopied a nèw Trustee Reerultmont. Selection and Appointrn8nt process and cBrried out a Skills Audll and sol1-ass$Menl. Thls Budtt and 8electlon process remaSn$ oxtsnt In 2025. When appolnllng naw Trustèg9, thè Board wlll glv8 considerallon to the 8kllls and gxparf&nco mlx of ¥xi$ling Twstè&s In ordar to an8ur8 that the Board has the ne¢es80ry ¥kllls lo ¢onlr5bute fully io the Charftvs d8v8bpment. The tralning and Indudon provld8d for naw Twstees wlll depend upon Iholr exlsllng exparfence but will always Includ• a lamiliarlsallon vl811 to the Associatlon'g offic8 and 8 chance to rneet staff. All Trusteas aro provlded wllh copies 01 thè consl1tutn,. thé IAtest Trustees, Annual Report and Statement of Accounts., pollcles, procgdures, mlnutas. budgèts, plans, and other documents that they will need to undertake thelr role 8$ Twstaès. As th8r8 ar8 nomelly onty one or new Ttys1998 0 yBar, Inductlon tond$ to ba Informally and Is lallor8d speclflcally lo th• IndIdUal. Organlsatlon•l structur• The 808rd ol Trustees normally mèèts oncè aach quartar. Tho Board establishes an over811 framework for Ihg Wvomanca of the Charfty and delemilnes mernbor8hlp, terms ol t9f9renca and procedure$ for any oth8r groups established to perforrn Bpecllc ta8k8 over 8 doflned timescale. 11 rè¢èlvè$ rèports from thos8 groups lor Talllicalion. Sublecl to any necessary approva13 being obtBined 8t thè AGM, the follng dedslons are rÈs8Nèd to the Board ol Trusiees: lo considar any proposals lor changes to the status or (xjnstitulion of th8 Charity and ils wrnmltttse structure. to appoint or remove 1he Chalr •ndlor V# Ch81r, to approve th8 nnual bud9Ot and approve expendtture requests. The TrugtaeB ar8 r88ponslble IOT 8ettlng 8tral$gy, lng pollda8, adoptlng en annual flnancS8l plan ond budget, appTov¢ng the st8lulory 8¢CDunl$, preparing the Annual Report. rnonitoring the performance ol the AsBQC18tion by th• usa of budgets and other data, and making major dèdslons aboul its diraction, caphal expendlture, granung funding and staff apptsintments. Page11
Dartmoor Preservation Assoclation Trustees, Report {conllnuedl DecS51onwrnakSng, rlsK and eontrol. The t)ard mak95 surg that its dgcision-rnaking processes are Infom)6d, ri9orou$ and 1Smely and Ihat effectlva dOgot10n, control and ri8k a55es8menl and management systems arè sèl up and rnonrtored. .Tru8t•• m••tlngs con51ston. Th8 898ndB Is controlled by a yearfy pmgramme of ch8eks and ¢onlrols whlch ensures that 011 aspects of the CIO 8r8 r8view8d at least yearfy., investments, budget r55k, staffing, with ftnances reviewed quartorty or monthty. •Rlsk management. The DPA has an RM Pdicy and RM Manag¥mont 8ft whlch are execuled Ihrough a Rlsk RISter and Rlsk h8at-m8p. Thls Is upjated yearly by the CEO And 8nd endor8ed by the Trustees as part of one of Ihe quarterfy boards. (See Para (HI Risk Manag$rngnl below) •Flnan¢lal r•gulallons Sncludlng Schèmè of FInancl DO810 8r8 r8vlew8d and adhered to. They are OVefS8èn by th8 CEO on behalf of the board and tha Twst•8 with firaThci81 Te8pon8lblllty, .8oord docl8lonB on p8rtnershlps, large exp8ndltur& and str&18glc dlrectlon 8re 18ken by vote In formal Truste8 meetings whlch Ère mlnuled and then shared. Where necessary thay ar• b8ck8d-up vlth formal %yrltten declslon briefs from thè CEO to the board. +KPls. The Chair and Vice.Cholr KPls for the CEO which de-facto aro the KPIS lor the orgonl$8lbn. TheBe aft revlewed every SIX monlhs And year at 8 Im•. Board •ff•ctlvèno88. The bo&r¢ work$ as an ?ffecllve team, uslng Ihe appropdoto bal8ncA of sklllg. &xperlence, b8grOUndS, and knowladga to maka Inform•d derAsion8. . The board takas d8e18ion$ colledvely and confidenlty. Onc8 dqdslons 8r• mAdg the board unlteB behind them ond accaplg thèm 88 blnding. . Th8 DPA retaSn prolession81 lawyars, aceountanls and tsvo 88parate ffnanclal Inv88lmeTrt managèrs to ensure Ihal b08rd8 receive independent and oxpgrt pdvi¢e. The Tru$l$oS glve approprlate tlme to declslon m8klng and bo8rd ovents 8n¢Y p8rtlclpate In discvsslon on dlrection 8nd 8xpendllure. There are a range of prolg¥slonal ba¢kground8 the board all of whlch brtng a dWfèr8nt pBr8pecllve lo discussions. • The Tws1998 often refer to best pradce thay havè sèèn In oth•r trn[S41b)n8 and con8hlor wh8t thg DPA wuld 8dopl from SL R•l•t•d Party R•latlonshlps None ol the Trustees r8c8Iv•g Ternun8r811on or other benefrt from their work wlth th• Chartty. Oul-of-wdKel expenses can be clalmad lor work carrled out on thall of thè Assoclatlon. Dglalls of ony such p8yment8 to Trustees a disclosed In nDte g. Page 12
Dartmoor Preservation Association Trustees. Report Icontlnuod) Alajor and manaqement olthose r15ks Thè Board malnlains ond mviows a reglster of the rlsks fadng the Associa0 and has taken steps to onsurè that Fdklgs and 8yStams io mltigata rlsks are In plac8 and monItor. Thè80 Indudè.. Employlng profe85ional 8tsff with appropriatè skill$ and 1n5n9. . Monltorln9 progress regularfy against the annual Income and Expenditure and Cash Flow plons. Scrullny of financlal perform8nc8 by the Tru8t898 Ilrdudlng lh¢ Chalr gnd a Truste& ¥th spedlSc respon51blllty for fln8nd81 over8lghll qnd the Chlgf Exocutfv8. Inv8stmenl performance18 rnonilored in e& yearly meetlng ty the Chair. Fbnanryal Tru818e, CEO and flnandal admSnlstralor. Trustees are Invllos 10 swk dirgctly to lh• tsyo Inv•8tm•nt rnanagers al le8st once 8 year durfng a Trusleg mg91ing. Thg OPA undgrw#g on knd•p8nd•nt finandol exam1naOn of the yoar end accounts, 12025 15 contalngd herelnl. Th& prfncip81 rfsk lacèd by lh8 Chgrfty ar8.. . OperatIon rfsk . wlth a very Bmall number of empbyws. the d¢p8rtur• of k&y $14ff would logd to l¢$s of èXpéèn¢è, 8klllB, 8nd th8 Ablllty to op8rAt8 kèy systams, and would Impact adversely upon 8tr8t•glc and Jrational priorlti•s. Th[8 rfsk has been mltigaied by documeTrknng ihe activiUe5 carrled out by m8mb8r9 of staff, carylng out succosslon pl8nnlng and en8urlng th81 the 4 p81d s18ff 8ro ¢ro$8 tralnod h &sp8cls ol •ach olhor's roleB. Al present Ihe Tn451ees betlevo Ihal risk$ assodal8d wllh compllance. govemance, manag8rnent and flnanclal contro19 arè I. Page 13
Dartmoor PratIOn Association Trustees. Report (contlnued) 8tat•m•nt of Truste. R8•pon•lbllltlei The trustè85 are responsible for preparing the Iruste8s' report and the flnanclal statem8nis accordancs vllh the Unlted Klng¢JDrn A¢courfng Standards (Unrted TrQngdcffl Generally Accepted Accounllng Practic81 and 8PrAibl8 law and r8gulallons. Th818w applicable io charft58s requlres the trust8•S to prepara financlal stataments lor èach flnan¢lal year whSch glve a true and fair viaw of the state of affairs of the charfty And of the incomlng resoureès and Sp[CtIOn of re80urc88 of the charlty for that perfod. In preparlng thes8 Ilnanclal stalement$, Ihe tNslèes ara rèquired to.. select sultable accountiThJ polIcS ond Ihen apply th¥m ¢on8i$t¢nty, tsbsèw tho molhods and PrfncIes In the Charlues SORP, make ludgomonts and •stknatss th91 ar• w$0n•bl• and prudenL stsle whether appllcable accounung siandards h8V6 been followed, $ublo¢t to any malerfal departures dSsclo8ed and explained in the finaneAal ststements,. and prepare th6 financlal statemants on thg going c9nrn b8518 unle88 it Is Inappropriate to pr88ume that the ¢hadty wlll cthitlnue In busln689. The Irust6&5 Bro fagponslblè for ke8plng propor ac¢ounllng records that dlsclose wlth reason8ble accuracy at any tim8 the finanu81 position of Ihe ch8rlty 8nd 8nabl8 them lo ensure that the financlal stslernents comply th tha Charfuas Act 2011. tha ChArltlas (Aecounls 8nd Raportsl RegulatbnB 2fK18, and the prOSon$ ol the constltution. Th# tNst8as ar8 also rasponslbla lor $ale9uarding the 888ètg of thè ch8rf1y and hence for tang r8agonabl8 8tepg for tha pravantlon and datèctlon of fraud nd othèr Irrègul8rlllè$. The Iru8lee8 are rospon8lbla for the malnt8nanc8 and Int8grbty of th& coTporal8 and ftnarK4al Infomatlon kncluded on th8 charitable companls wobsltè. Leglslallon gov&ming th8 proparallon and dls$¥min8lion of financlal stalernents may dlffer from1gglaI10n In other lurlsdlctlons. The annual report wag 8pprov8d by th8 tru8t8és of tha char5ty on . ..121a6120%d sed on 113 hall by.. John How911 Chairman ond Iruslee Kate Ashbrook Truslee Page 14
Dartmoor Preservation Assoclatlon Independent Ex8mlnerfs Report to tho trustees of Dartmoor Preservation Assoclatlon I report to the tNstges on my *xamlnaUon of the accounts of Dartnvr Pre8&Nallon A880¢1atbn for th8 year ended 31 Decemb9r 202S. Rgspon$lbllltl•$ and ba81s of r•port As the charity trust88S 01 Dartmoor Pfaservation Association you are r$8pon$lblè for th& preparallon of Ihe acwunts In 8ccordancg wrth the rgquirements of the ChadtS88 Ad 20111'lh8 Act'l. I r&port In r&set of my examination of Ihe Dartmoor Pfy$98On AssoclotSon'8 accounts carrfed out under sacuon 145 01 the 2011 Act and In Can0 out my examinalion I have follow all th• applicable Directions givan by th& Charfty Commlsslon under sectkjn 14515Mbl ol thè Act. Ind•pondent •xamln•r'• $tst•mènt Slncé DArtm(x)r Pras8rv8tlon As8ocialion'8 gr068 Incomg •xcèadad £250.000 your fjxarnlner musl be membèr ol a body Ilsted in sectlon 145 01 the 2011 Acl. I confimi Ihat l am quallfled to undertake thè 8xaMIn8On because l am a member ol. whlch 18 one of the Ilsted bodles. I have ¢omplat8d my oxamlnatlon, I confirm that no malgrial mgtt9rn have com8 to my altenllon In eonn8Ctth wHh the exarnlnallon giving ¢ausè to balve thot In any Material respect: 1. 8ccounting reCoS w8ro not kept In r88pe¢t of Dartmoor Prefjorva0n ASSOdaOn 88 requlred by 8eCtlon 130 of the Act,. or 2. the accounts do not accord vAth Ihog8 rocofds,. or 3. the account8 do nol comply with the accounllng r84ulr8m8nts conc8rnlng Ihe form and Ctant of accounts sel out In Ihg Ch&rltl&s IAccountS and Report81 Regulations 2008 othar thon any roqulremenl that Ihg ACunt$ glve a 'true and 18lr vi6w' whi¢h 1$ net a mattar considgr8d as part 018n ind8p8ndant examlnatlon. I hav8 no concern8 and havè com8 81YOS8 no othar matter8 In conn8Ctk•n wllh the gxamlnatlon to which attention should b& drawn In thls rèport Sn ijrder lo enabk? a Proper understsndlng ol the Bccounts to bo rea¢had. Matthew Kèanè FCCA Wastcotts ISW) LLP Plyyn House 3 Longbridge Ro8d Marsh Mllls Ptyrnouth PL6 8LT 2210612026 Pag8 15
Dartmoor Pres?rvallon Association Statement of Flnancial Actlvltles for the Year Ended 31 December 2025 Unre8trl¢ted nds R•strlet•d fund$ Total 2025 Total 2024 Nots Ineome and Endowments from: tlonaUon8 and legactes Charftab18 acuvlties Other IradlrrfJ ac1(99 Investm8nt incom6 482.771 23,220 2,427 47.880 482,771 23.220 2,427 47.860 29,9)3 28,066 201 36,381 Total Incomè 556,278 &56,278 94,171 Expondlturn on.. Ralslng lunds Charitable acknvltie$ 15,3481 239,244 15,3481 1239,2441 12,3851 175,664 To181 expendfturo 1244.S92 244.592 178,049 Nèl incomellexpondltvr81 Otr r•¢tsgnld galns and lo•••s Goins I lo55es on Investment9 311,686 311.686 {83,8781 136,304 136,304 80.305 Nel rnovemènl In fundg 447,9gY) 447,990 13.573 R•¢on¢1114tlon of fund8 Total funds brght forward Tglal fund8 carried forward 18 1.517.746 2,000 2,000 1.519,746 1,967,736 1,623.319 1,965.736 1,519.746 l of the charlty's activ1¥$ derfve from conllnulng oparaUon$ durkng It above tsvo perfods. The funds br8akdown lor 2024 1$ $hown In note 18. not85 on p8ges 19 to 33 form an Integral part of thgsè f#)ancial statements. Page 16
Dartmoor Preservatlon Association (Registratlon number: 1182974) Balance Sheet a3 at 31 December 2025 2025 2024 Noi• Flxed a5sots Tangible 885915 Investments 13 14 111,000 1.792,396 1.3,396 111,000 1,417,483 1,528,483 Cuff•nt 888•ts stock8 DebtS Cash al bank and In hand 3.891 9,848 69,637 15 754 215,810 216,$84 83.176 Cr•dltorn'. Amount8 fulllng wlthln y••r 16 16,310 222,306 N•t eurr•nt a•••tllllabllltl••l 66,866 5,742 Total a•••ts le•1 ¢urront IlBbllltl•• 1,970,282 1.522,741 Cr•dltorn: Amount• l•llln9 du• •ft•r mor• Imn on• y•ar 17 2,526 2,995 N•t a•i¢ts 1.967,738 1,519,746 Funds of th• charfty: R•¥trl¢t•d Incom• fund Re8lrlcted fund 2.[10 2,0 Unr•trlct•d Incom• lund• Unrestricted funds 1,965.736 1.517,746 Total fund• 18 1,967,736 1,519,748 I'llo'.è'.12'6 lernants on pagès 16 to 33 were apWpd tyy th• truste89, and a(thorfsed lor is& gigned on thèlr behalf ty. John Howell Chalmi8n and trustee Kale A8hbro¢* Tru$t8è The notos on pages 19 to 33 fL¥m an integral part of these financial st8t8m8nts. Page 17
Dartmoor Preservation Association Statemont of Cash Flows for th8 Year Ended 31 December 2025 2025 2024 Cash flow• from op•ratlng actlvltl•• N&1 ¢A8h Incor1(exP8nd*tur0> AdJustment• to c4Bh flowsfrom non•fA8h It•m8 Inveslm8nl Sncome Revaluallon of Inve8tment8 447,990 {3,5731 147,8601 125.538 274.592 136,3B11 45,315 185.2691 Worklng ¢apltal adJu•tm•nt Inrxe88& In 3tocks Incre08& In d¥btors IDe¢reaselllncr8ase kn crndltors D•crease In deferred Incorn• 13.8911 19.0941 1205,9961 469 15 16 12841 98.664 414 Net C88h flow8 owrgwng a¢Uvllles Cmh flow• from Inv•8tlng 8ctl¥ltl•• Interest receivoble and simller Income Purchas8 ol Invostm&nts Ineoma from dMdend8 and r88116ed goln• Net ca8h now8 fiorn Inv•stlng 8¢lfvlks 55.342 12,697 1,860 1249,3751 46,000 1,804 18,5001 34,577 14 Ngt (d¢¢rga8entrtr8S• Iii cash Bnd cash oqulvalants Cash and ca8h equlvalènt$ 8t 1 January Cath and c98h equlv8kgnt8 at 31 D0Mbar 146,1731 215.610 42,578 173.232 69.637 215.810 l of Ihe c88h Ilows arn d8rfv8d from ¢onlinuing oper8tSon8 durfng the above parfod$. The Th)tes on pa$ 19 to 33 form an integral part of these finanrjal 5t8t•m8nt5. Page 16
Dartmoor Preservation Associatlon Notes to the Flnanclal Statements for the Yoar Ended 31 December 2025 1 Accountlng pollcle8 8tatem8nt of compllanc• The financial slalaments have been prepad In accord8n¢o wfth thè $8cond 8drtlon of the Chartttes ststèmant ol Rocommended Practice Issued In October 2019. thè Flnancial Repting Standard applICab in the Unlled Kingdom and RuLlIe of Ifèland IFRS 1021 and the Ch8ritl85 Act 2011. Ba818 of pr•p•rallon Dartrnoor Preservation As30clallon m88ts th8 deflnltlon ol a public benefit enllty under FRS 102. Thè accounts lfinancial sl8lernenl81 have been prepared uThd8r the historical cost convention wlih Items rwnlsèd at Cost or transactlon value unless otheMi39 stat In tha relevant not81sl to Ihese 8¢counts. Golng conc•m Tha Iruslees conskder that there are no rnat•rfal uneartaintle8 about tho charW8 ablllty to continuo 08 golng concern. Incomo and •ndowm•nts Vduntary incorn8 Including donallons. g1ft6, 18gad8s and grants th81 prov1• ew fundlNJ or are of gener81 n8lure Is rècognlsad when the charrty has entlllemont lo thè Income, il Is probable that the Incoma wll ba rac05d and lh8 arnount can be me88urad wllh sufficiant rollabllty. Don•llom •ndl•yel•s Donallon$ 8rè r¥cognls8d whqn tho charfty ha6 been notrflad In wrillng of both th• amount and $¥ttlèmant datè. In Ihe event that a donation 1$ Sb)et to CondIon$ Ihat requlre a level ol performance by the tharlty before the ¢hartty is 8nltlad to the funds, Ihe Incorne 15 d8fgrr8d and not racognised unul eilher Iho$e ¢ondlllons are lully met, or the fulfilrnent of those condillons 19 wholly wtthln the ¢trol of thè charfty and It Is pmbable that these condib'ons will be fu11•d In tha raporting per. L8g8cy g5ft6 are recognised on a case by ra80 b8$ls followlng Ihe grant ol probate whon thèn admlnlBtralorlox8culor lor lh9 g¥tate has communlcatgd In wdliry both the amount and settlement date. In th8 8venl that the gift is In th& form of an ass81 other than ca$h or a flnancial assèt traded on A r8cogn158d stock 8xch8nge, rec4)gnition sublecl to Ihg valug of the glft belng re15aY rn8asurable w6th a dagrgè of raasonable accuracy and the fj118 to th8 asset havlng been transferred lo the charity. Investsnent Incom• Inl?reg1 gn lund¥ h8kl on d8posit is Induded then recgiV8b18 and the amount can be measured f¥li8bly by th6 chArity', thls Is normally upon notifK8Utsn of thè intarest pald or payable by ¢he bank.Dwldends are'recogni8ed once the dldad has baen dedared and not¢8b'On ha$ bs•n received ol the dNKl8nd due. Page 19
Dartmoor Presorvation Association Noles to the Flnanclal Statements for the Year Ended 31 Docembor 2025 (continued) Expgndhure l expenditure is recognised once Ihgrs 1$ 8 Iggal or con81ruct(ve obllg8tion to that expendlture. it Is probab18 settlement is roquired and the amount can b8 rnea5ur8d r81iably. All costs are allocated to th& applicable gxpendrture headiw thal aggregate slmllar cost5 to that category. Whore co8ts cannot b8 dir8edy attribu18d to particular headings th8y hav8 baen allocatgd on 8 basls consl$tenl th the use ol sourCes. wlth central staff ¢05ts allocated on the basls of tr.me spent, and d8prè¢ialion harges allocated on the porlon of tho a9t,$ use. Other support costs are allocated basad on tho $pre8d ol staff costs. Ralslng fund$ These ore costs InoJrred Sn attractiw voluntary incom8, Ihe managgrn8nt ol Invastm8nts and thoBe Incurred In trading activltlès tho1 ral88 lund8. Charltable •cllvlll•$ Ch8rftabla axpèndituro comprl8e8 those CLJ8t8 InGurr8d by th8 tharlty In th• d$llry of Its activllig and s8niicos for Its bènafi¢i8ries. It include5 both costs Ihat can be alloc&t8d drectlY to 8uch 8ctlvlll85 and thoso costs ol an indirect natur& n$¢085ary10 3UPPOrt them. Gr4fttprovl$lgn¥ Provision9 lor gfants ar• rnade when the Intentbn to make a grant ha$ b•8n communlrale¢J lo the roclplant but thor819 uncertainty about elther the rnIng of th8 grant or the amount ol grant payablo. Support co81¥ Support costs Includ& e8nlr8J functlons and havtr bé•n allocated to actfvty cost categort69 on a ba$1$ con615lent with the use ol rosourcas, for 8xampl&, allocating property CJ)5ts by floor areos, or per capi18, $18ff ¢0$18 by the tlrno spent ond othèr costs by th8lr ¥88ge. Gov•rnanc• Colts The98 include the costs atlrfbutable to th• charity's ¢ompllanc4 wtth ¢on8tituUonal and stslulory raquir•m8nt$. IndudlNJ Audtt, 8lr8teglc management and trust80s ma8tlng$ r¥imbursed expenses. Taxallon The charlty Is con8id8rod to p88B the t88t8 set out In Paragraph 1 Schedul8 6 of lh8 Fln8nc8 Act 2010 and Iherelore il mgets the definition of a ch8ritab18 cc>mp?ny for UK cooratIOn tax purposes. Accordingly, the charity is potentlalty ax8mpt from taxation in respect of income or capltal galns rac8ived within categorlos Cove(1 by Chapter 3 Part 11 of the C(Kpotstion Tax A¢t 2010 or SeclSon 256 of the T8x8tion of Chargeable Gains Acl 1992, to tha oxtgnt that such In¢omp or 98in3 are opp11 excluslvoly to ch8rft8bl6 purposes. DepclatIon and amortisation Oepreaation is prOded on tangible fix8d 85set8 so as to write off the cost or valuation, lèss any esllmaled resldual valuo, over thelr 8xp8Ctod useful &conomlc Iff6 88 follows.. A8S•t class D•pr•clatlon méthod and rat• Motor v8hicl8S 5 years straight lin9 The c05t of land iluded in the balance sheet but not d8pr8ciat8d is £111,000. Page 20
Dartmoor Prasorvatlon Associatlon Notes to thè Financial Statsments for the Year Ended 31 DgGernber 2025 (contlnued) Flxed aoSOt Invo$tm•nt5 Flxed asset investments, other th8n programmè r8lat6d Investments. a Included al mark81 valuè 8t the balance sheet dale. RgalisJ 9oln$ and losses on Invastmenb are calculated as th8 dlfter8nco been sales pro(x8d5 and thelr mark&t value at the start of the year. or Ih8lT subsequoftt eost, and are ch8rggd or cTedited to tha StBtement of Financial ActlvStle8 in the ppriod of dlspo$81. Unrealised gains and h)588s r8we8ent the fflovpmenl In mark81 ¥ralues durlng the year and are credlted or ch8rg8d lo thg St818ment of Finarrial AC11¥Ae$ based on the rnarket V8lue at th¥ ar and. Stock Stock 18 valued at the lower ol cost and 09tim8t8d salllng prlce18SS Costs lo comp18te 8nd $811. aftor dug wgard lth obsol6t8 and Slow mon9 8toGk8. COBI is dgtermlned usln9 th& fir$l-in. flrst-out IFIFOI. Ca•h and cabh •qulval•nt• Cash ond cash gqulvalants compdse cash on hand and call dopo$Its. and othèr short-temi hlghly liquid invèstmenls that are readlly converuble lo a known amount of cash and ar8 8ublect to an In$lgnlflcant r16k ol changg In v8lue. Fund •tructur• Unrestrfcted Income funds Arè 98n8r81 fvnd8 Ih4t are avallable for use al the Irusts¢B dl8cA•llon In furtherance of the obl¥¢tivès ol thè charity. Daslgnatod lunds ar8 unreslrictod funds 8el aside for $p8dllc purpose8 at the dl8cretlon of Iho trustees. Restricted In¢om$ funds th098 donaled for uee In a p8rtlcul8r Broa or lor ¥p8rJflc purpo8eB, lh8 Use ol whith 1$ r¥$triotod to thal area or purpose. Inv8slm8nt Income galns and b$s•6 are alloc8tod lo the 8pproprfate fund. Fln•nclal InJtrum•nt• Classlflcatlon FlnanclBI asBels and finanoal Ilablllueg ar8 recognls8d when the charlty a pAty to Ihe contractual provisions of the Instrurnant. Fln8ncl81 liabllities and aqulty Instrument5 are clasBlfled accordlng lo thè substanc8 of tho contractual arrang8m&nts •nlorod Into. An eqully Instrument 18 any ¢onlract that 8vld8nces a rosklual intere81 in th8 a558ts ol the charity after deducllng all of its liabllitie. Pagè 21
Dartmoor Preservation Assoclatlon Notes to the Flnanclal Statsments for tho Year Ended 31 December 2025 (contlnuedl Ro¢oqnlllon andm•asur•m8nt All financial assets and 1Sabilknes Br& InAllY mea$ufed at traTrwtion price linckjding transaction co8ts1, except lor Ihtss8 finandal ass•ls classlffed as 81 fair value through profit or Ios8, whlch ar8 Initlally mea8ured al fair value Iwhich is nom)dlly th6 IransactK)n price exduding transaction cost81, nlgss thè arr8ngomenl con8titutes 8 flnanclng transacllon. If an arrangement constitutes g Ilnandng transactn. the finanelèl as$èt or financial lisbility Is measured at the present value of tho futur• payments dlscounted at a mork81 r8te ol interest for 8 81milar d8bt Instrument. Flnanclal asselg and lbleS are only offset In thè 8t8t8ment ol finBnclal posibon when. and 0Y whtrn there 8x1518 a 18gally enlorc8abl8 right lo set off th6 r6cognis8d arnounts and the chgrity Inl8nd5 alther to settlg a nel b8515, or lo realise the ass8l and setue the liability simultaneously. Flnancial assets are d8r8cognisad when 8nd only whtsn al the contractual rights 10 ts cash flows from the flnanclal asset &xplfo or are settt8d, bl thè (8rity Iran51ers lo another paty substantially all of the rt8ks and rewards of own8rshlp of th• finanelal Assat, or cl th8 ¢h8rily, d&spile havlng retalned some, but not all. 91gnlflc8nl d$ks and rewards of own6rshlp, has translorrad conlrol ol th• o$wl lo other party. Fln8nc481 liabilities arg dgrecc>Jnls8d only att thè rtllgaUon ¥pecffted In Ihg conlracl15 dlschar98d, cAncèll&d or expires. Investm•nl8 Inv8slments In non-conv8rtlbl8 prèfèrencè $har•8 and n¢)n-puttable ordlnary or pr8f8renca 8hgr (where shares are publldy traded or thelr falr valu¥ reliably rnea5urablel are measured al falr value through profll tyr 1058. Where fall valuo cannol b• mga$urad rallably, Inw$lmgnls are measured al cost18ss Imp81mienl. Investrnenb In subsldlarles and 998oclat08 are measured al cosl le88 Impalrm8nt. For Inv88tmants In $ub8Kliarie3 acqulred for consideration Induding the i8¥119 of sh8re5 qu81ity.ng for rnerger r811el, cost Is mea$urod by reference to the nomSnal value of the shares Issued plu$ lalr value of other consljefodon. Any wernium is Ignored. F•lr v*ly• m••sur•m•nt Tho best evidence of falr value Is a quoted prico for an H18nlic818s391 in on ave rna8t. When quot•d prl¢o8 are unavallable. Ihe prfce of a recant tranSaCOn for an Sdantl asset provide vldene4 tsl f8ir vAIu0 as long as there ha5 not begn a signillcant change In econc#nlc eireumstancats or a 8ignlflc8nt laps8 of slnce the transadion took aGe. If the marf(et Is not activg and rec8nl transactions of an Idèntical as88t on Ihelr own arè not a g(M)d 0811maie of lalr valje. lh8 fBlr valu8 Is estimated by using a valuallon tèchnique. Page 22
Dartmoor Preservation Assoclatlon Notes to the Flnan¢ial Ststements for tho Year Ended 31 December 2025 (contlnued) 2 In¢om• from donatlons and l•gacl•8 Unr•otrlct•d fu•KIo Deslgnat•d G•n•rnl Total 2025 Total 2024 DonallonB and legari83', Donalkjns to major ap41$ DonÈtk)ns from Indivlduals Legacles Gwt akl rè¢l4lm8d 173,038 173.038 3,357 303.462 2,914 3,357 303.462 2,914 15,953 3.590 29.503 173,038 309,733 482.771 3 Incom• from charltable actlvltl• Unro•trlct•d lund8 Ggn•r•l Total 2025 Totsl 2024 M8mb•r8hlp Land management 18,226 6,994 23,220 16.228 6,994 23.262 4,824 28,086 23,220 4 In¢t)m• from Otr tradlng •cIfvItI•• Unroitrl¢tgd fund• G•nèral Total lund8 Totsl 2024 Tradlng Incorne., Sal89 of 0d$ and servlc8S Other Income from other IradirvJ actMIig¥ 1,$42 885 1,542 885 97 104 2,427 2.427 201 Page 23
Dartmoor Preservation Assoclatlon Notes to the Flnanclal Statsmenls for thè Year Ended 31 December 2025 (contlnued) 5 Inv•stm•nt Incorn• Unrostr5ctgd lund¥ D•lgnat•d Ggnoral Total 2025 Totsl 2024 Incorn8 Irom d1v1d86 and reallsed g8lns Intgre$l recelvatAe and 85mllar Ineoma 46.CK)O 46,WO 34,577 1.860 1,860 1,804 36.381 48.000 1,860 47,680 8 Expondlr0 On ral8lng fund• a} Co¥ts of tradSng actlvltl• Unr••trl¢t•d fvnds G•n•r&l fotal 2025 Total 2024 C0818 of gerfMl8 8rAd Olhgr dlrocl of atIeS for generating funds located support costs 1.18S 3,993 170 1.185 3,993 170 1,210 575 5.346 2.385 7 Exp•ndllure on charltabl• actlvlil•• Unr••trl¢ted fundi D•8lgnAt•d G•norn1 Total 2025 Totsl 2024 Mernbershlp Grant fvndlng ol act09 Stsff costs located support eosts Govemance c08t8 31,018 31,018 50,000 77.223 77,071 3.932 36,888 50,000 77.223 64,209 3,932 176,382 82,042 72,688 4.070 12.882 62,e62 239,244 175,664 InCJUd in the èxpèndi analysed abov8, th•r• Brn also gov8rn8neè tosts of £3.932 12024 £4.0701 Wh relat8 directly to acttieving our charitable actlvthes. Soa notg 8 for furth8r detail$. Pegg 24
Dartmoor Preservation A550clatlon Notes lo the Flnanclal Ststements for the Year Ended 31 Decombor 2025 (contlnued 8 Anaty8h of gov•mancg and support co•18 support co•t• ollocatod to charltabli aetivil••s othgr •upport Costs Total 2025 Total 2024 TT81ning Offlce expenses Staff costs M8mb8r8hlp Subscrlplions Costs of Inv88tment man8g8m8nl 5.157 18,132 29,640 1,093 10,187 12.B62 77,071 5,157 18,132 29,640 1,093 10.167 12,862 77,071 8,430 22,825 28,506 7,425 4,436 72.888 Goveman¢• ¢o•ts Unr•8trlct•d funds Gen•rnl Tot¥1 2025 Total 2024 Independent exarniner fees ExoMlna0n of Ihe ffnanclal 8tstemonts 3,932 3.932 4,070 3.932 3,932 4,070 9 Trt••1 r•mun•ratlon and eJtp•nM• DurlTrJ the yBar the charlty made Ihg following tran3a¢Won$ wlth tru8ts98: £2312024.. £2831 of •xp•n888 wer8 relmbur8ed to 1 Tru8te8 durfng the year. No trusleg3. nor any person8 cnoctd vAth thèm. h8v8 r8c8fv8d any rernuneration from the charlty during the year. No trusteos have roceW any other benefits frorn the charity durlng tho y88r. Page 25
Dartmoor Preservation Association Notes lo th8 Flnanclal Statements for tho Year Ended 31 December 2025 (contlnued) 10 Staff eost$ Th• 8ggr8g81& payroll were as follDWS'. 2025 2024 Staff costs durfng lh• y•ar w•r•: Wages and salarles Sodal sacurfty costs PensSon costs 102,031 2.457 1.784 85,458 3,057 1,480 106,272 89.993 The monthly overago numbor ol p6r8on9 Iln¢ludlng 80nlor management I leoder8hlp team) ernpfoyed by the charfty durfng th8 ya8r was as lollows.. 2025 No 2024 No Employe&8 No employee recelved emdum•nts of mora Ih8n £60,000 during the year The chief executfva offlcèr, a$ th• hlghg$t paid rnember of Staff, recee nefitS totsIn9 £47,002 12024- £44,867). 11 Ind•p•nd•nt •Mmln•ff• r•mun•ratlon 2025 2024 Ex8rnln81ton of the flnanclal slaternents 3,932 4,070 Page 26
Dartmoor Preservatlon Association Notas to the Flnanclal Statements for the Year Ended 31 December 2025 (contlnued 12 Taxatlon The ¢h81ity is a r89l¥tsred charlty and Ig Ih8refor• $x8mpt from tsxation. 13 Tanglbl• fix•d a$W• Land and bulldlngs Motor v•hlclo• Tot•1 Al 1 January 2025 111,000 24.399 135,399 At 31 December 2025 111,000 24,399 13S,399 D•pr•clatlon At l January 2025 24.399 24,399 At 31 D8c&mber 2025 24,399 24,399 N•t book v•lu• A¢ 31 December 2025 111,000 111,000 At 31 Dpcgmbor 2024 111,000 111,000 14 Flx•d •*••t Inv•itm•nts Ll•tod Imi•$tmont• Total Cost or Valuatlon At 1 January 2025 Tradlng movements and rev8luatlon8 Naw cash Invested 1,417,484 1,417,484 125.537 125,537 249,375 249,375 At 31 December 2025 1,792.396 1,792.396 Not book valu• At 31 Dec4mb8r 2025 1,792.396 1,792.396 Al 31 Decomber 2024 1,417,484 1.417.484 Pagg 27
Dartmoor Preservatlon Association Notes to the Flnanclal Statements for the Year Ended 31 December 2025 (contlnued) 15 D•blorn 2025 2024 Tr8de debtors PrepayThenl Olhor debtLVS 480 294 9,348 9,848 754 16 Cr•dltor•: amount8 falllng du• wlthln on• y•4r 2025 2024 Other lax8Uon and sodal 8euJdty Othgr credllors Acc4uals 5.483 2.341 208,850 11,115 222.306 10,827 16,310 Induded wllhln other credltors last yo•r wa$ £208,850 relalng to lunds htld on behaw of svpport for the Wld Carnping court case. A draw down lor the 18gal f8e5 to fight th8 casg of £36,375 was made. Howovor, Ihe ca8e was Bettled on l October 2025 wh no furth•r contrlbutlons wulrad from th89 lunds. In Iln8 bMth thè tèrrn8 of the lunds recelved the balanc8 held was mov8d to 8 d8signat8d Incorne fund on 4 O¢tobgr 2025 In favour of Ihe charity. and will be 8pent as per the agreed terms. 2025 2024 D•f•rr8d Incom8 at 1 Janu8ry 2025 Rasources d6ferr&d In th& riod Amounis r81eased from previous porfods Deferred Incorn• at yoar and 10,690 6,769 7,695 18.814 13,710 9,764 10,690 Dolefiad In(x)m8 duè wtthin 1 y8ar IncludeB amounts relatlng to inc4)me from annual m8mborshlps and Iifetlm8 mamb6rshlps, which èrè bsing released over a rfod of 15 years thight Ilne. 17 Cr•dltorn: amounts falling du• aft•r one year 202J 2024 D&ferwd Income 2,526 2.995 The amounts whlch hav• baon defèrréd rèlate to the lrfetime memberships. whh are released over a perio(J of 15 years straight fine. Page 28
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