Clh8rlty registratloD number 1183829 rtglstr•tlon n¥mb¢r 11624110 (Ell￿lld 4nd Wal¢8) THE ASHDOWN FOREST FOUNDATION ANNUAL REPORT AIYD uNAUD￿ED FINANCIAL STATEMENTS FOR THE YEAR E￿￿)ED 31 ocfoBER 2021 THE ASHDOWN FORKST FOUNDATION LKGALAND ADMINISTRATIVE INFORMATIOIW4 C de Mestre KAalto R St ClairJoll¢& J Mills R St Pierre (Appointed l June 2021) (Appointed l June 2021) (Appointed l JuTk¢ 2021) (Appointed l June 2021) {Appointed 12 July 2￿1]} Charity Dvrnber 1183829 Company number 11624110 liegi4tered tsrr*t The Asimlown Forest Centre Wych Cross FoEe5t Row E&%t Sussex RH18 5JP Independent eximin¢r thtren HardtDgACAFCCA DChA Ri¢bard Place Dobson Services Limitsj 1-7 Station Ro*J CrawlEy RHIO IHT TFIE ASHDOWN FOREST FOUNDATION CONTE Indqjendent exatDineEs reIMKt Stst¢ment of financial activitie5 Ba]anrK sheet Notes lo the finan¢i81 stat<4Tratts 6-11 THE ASHDOWN FOREST FOUNDATION TRUSTEES, REpoirf (INCLUDING DIREcfoRS' REPORT) FOR THE ENDED 31 OCTOBER 2021 The trustecs pr¢s¢￿theIr aDoU￿ report atbj fillanciai $th￿Ients forth¢ Year¢nd￿ 31 Oc4ober 2021. The flnancial statcments have becn prcpared Èn &eordanee wtth the *couot&tig po]icies set out itt note I to the fiTh8n¢ial statements and comply with the tru5es Me￿orand￿n and Articles ofAss(KiatIo￿ the Compaoies Acl 21)06 and 'A¢c4)ufttii and Reporting by Charitie5.' Statement of ReconuDended Practice applirnble to chariti¢5 pr¢p￿ltig thcir acrDunts in accordance with the Financial RqK)rting Sfandtrd *ppli¢*ble in the UK and Rybli¢ of Ireland (FRS 102) (efft¢tive I January 2019}'. Objeetlyes And #thhks The trjsvs obje¢ts ar¢.. l} To promote for the ben¢fit of the publi¢ the CODservation, ptolectioll 8tHI imptovement of th¢ Datural ond physio environEn¢nt of Ashdown Forest iu¢lllding &s a plxe of amenity and resort 2} The provision of recr¢atioll￿ fe¢ilities for the qui¢t ¢oioyment ofAshdown For¢s¢ in the inlerests of social welfare forth¢ publiG i￿n¢￿t with the objects (pf improving their conditions of life 3} To advance the ¢(lu￿tIOn of the publi¢ ID th¢ eoL8eryatioD. i￿(￿ection znd in]prrnent of the D4tutal and physicwl ¢nvironrnent of Ashdown Forest in fiutheran¢¢ of th¢ aJxTrv¢ Objec￿ but not oth¢rwis¢ th¢ eompatLy shall have power to raise fuuds to 5UPPOrt ￿￿k and projects to pro￿ 2Dd eD1W￿AshdD￿ll Forest for future generation8 to enjoy. The trLWees bav¢ paid due regatd to 8uidauce issu￿ by the Charity Cornmissith) iti de¢iding what a￿1VIll¢S the trust should u￿l¢rtakc. Acbleyements performance The p&%t y¢ar has seen Sis￿lf1¢ant rxogr&%s through the cthwe in govern￿ with entirtty new board of tswstees appointed. Th¢ new board aLxiYe in UFdating govcrn1tt￿ and ￿ntrol prittdures All addition tts commencing formalisation of th¢ chariti¢s' str4te8y alld fimd raising pl￿. Th¢ COV1th19 pandemic has again hi]Mlerd..rnay of the xtivities I￿] cycnts that would have othen¥iye bccn underlakeffj so fo¢u5 on pianDin8 for the fiDaDcial Y￿Th&S af￿￿. In additio￿ the Dew trkns h&ve Appiitited Trmstone to d¢v¢lop a w¢ for supp(*t and a strategy to id¢ntify a[￿ ¢ngage with fi]ture donors through a ￿l￿d￿ls1ftg ￿0grnmM Fln#ncial revlew The overoll surplus for the y¢ar w&4 £182T3 (2020...£61960) setout th¢ Slxtment of Finallcial Activities on page 4 of the accounts. .It is the policy of the tntst that unrèstrictoj fimds which have not been deSi￿Aled for a specific use should be nm1ntai￿ed at ' a leY¢l equivJl¢nt to between three a[￿ six fflonth's tApa￿ltUr& Th¢ tntstees ¢onsid¢r that reserves at this level will ensure thal in the ev¢n¢ of g $i8llificaDt drop ID fu￿diD& they will be thle to COJLtiDue the trust's current activities while consideration is given to ways in which a(tditional be ¢atsed. Thi% level of reserves been maintaine4J throughout the year. Thc lThstccs havc a&st￿ed the major risksto which the tr￿st is and aresatisfied thatsystems are in pla¢e lo miligale exwbsure to the lltajorri5k5. Strurturep governance Jn*mEtjn￿t The tnist is a ¢h&titable ¢omp4ny bmited by guat2nttt. It controlled ty its 8oYerniD8 which is its Memor8ndLlln athd Articles ofASS￿l&tlQll. THE ASHDOWN FOREST FOUIWATION TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (coNfINUED) FOR THE YL4R ENDED 31 OCTOBER 2021 The trnstees, who are ytso the direxfy)rs for the of ￿MpanY law. and sefveil th]ring the year and up to the date of si8n&ture of th¢ finan¢i8151atements were: A Ctrden R Clarke R Stogdon SThdy S McA]I C dt Mestre KAaito R St ClairJones J Mills R StPieTrr¢ (Resigwj l June 2021) (Resignal l June 2021) IRe5igned l June 2021) IRe5iglled l June 2021) {Apwint&J l JuDe 2021 aDd resigned 12 Juty 2021) (Appotnted l JunE 2021) (Apwint¢d l Jutse 2021) (App)inted l Jun¢ 2021) (Appoillted l June 2021) {App)illted 12 Juty 202I) TrllSt￿ are recruited followttig a Sel￿tiOn process caThied out by th¢ ChairmAtL None of th¢ trustees has w"beneficiai intef¢St in the cotDPW. All ofthe In￿te¢S are membcrs of the cornpany 8nd guaratttee to contribute £1 in the event of asbrynding up. Th¢ trust¢B5' report was approved by th¢ Board of Tn￿. R St ClatrJone9 Trustee Dated.. pagc2 ## **THE ASHDOWN FOREST FOUNDATION** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF THE ASHDOWN FOREST FOUNDATION** the trust[) ] I report to the trustees on my examination of the financial statements of The Ashdown Forest Foundation[(] for the year ended 31 October 2021. ## Responsibilities and basis of report As the trustees of the trust (and also its directors for the purposes of company law[) ] you are responsible for the preparation of the . financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act[)] Havin[g ] uired to be audited under Part 16 of the 2006 Act and satisfied myself that the financial state merits of the trust are not re[q] are eligible for independent examination, I report in respect of my examination of the trust's financial statements carried out under section 145 of the Charities Act 2011[(] the 2011 Act[)] . In carrying out my examination I have followed all the applicable Directions given by the Chari[ty ] Commission under section 145[(] 5[)(] b[) ] of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 or accounting records were not kept in respect of the trust as required by section 386 of the 2006 Act[; ] - 2 or the financial statements do not accord with those records[; ] - 3 with the accountin[g ] the financial statements do not compl[y ] requirements of section 396 of the 2006 Act other than any art of an inde[p] endent - requirement that the accounts give a true and fair view which is not a matter considered as[p] examination[; ] or - 4 ared in accordance with the methods and[p] rinci[p] les of the Statement of the financial statements have not been pre[p] Recommended Practice for accountin[g ] and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic oflreland[(] FRS 102[)] . I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understandin[g ] of the financial statements to be reached. ## **Darren Harding ACA FCCA DChA** Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH!0 !HT 28/07/2022 Dated: ...... , ................ .. pa[g] e 3 THE ASHDOWN FOREST FOUNDATION STATEMEiYf OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOLTh FOR THE YE4R ENDED 31 OCTOBER 2021 UmstrAe¢ed Umrntrkled R¢8trl¢ted nds geBeral dKlgni¢ed 2021 ZQ21 Tot•1 Unrestrleted fullds ge•eral 21120 2021 2021 Income froJD: DoThatsons and le￿1¢3 Other ¢rnding ac¢iviti¢s Investmeuts 13.442 30 19 25.616 10,944 50,¢K>2 30 19 88,782 Total Income 13.491 25.616 10.944 50,051 88.782 ditllre OD: Charitpble ￿tivItieS 31,T18 31,778 26,822 N¢t (ou¢golnglikneomlNg ruourcts bef• trnwfers ' (18287) 25.616 10.944 18,273 61.960 Gloss traLgfcr5 bEtF￿¢ll fullds (25.657) 25.657 Net (exp•Ddi¢urnyln¢ome for tbe ￿rI Net rnovernellt An fllnds (43.944) 51xr3 10.944 18.273 61,960 Fund at l NoYember2020 61.9￿) 61.900 Fulld li JI October 2021 18.016 51273 10.944 80,233 61,960 The 8tateti)ent of finallc1￿ activiti&4 ineludes all gains and lo&¥cs rccogThislicable to ¢ompanles Subject ¢0 the S￿￿1 comp8nies regim¢. £?16 The financi￿ st*mfflts were aprmva by the Tn&ea on......................... R St Cloir Jones lknstee Comwny registratffiom llumb¢r 11624110 THE ASHDOWN FOREST FOUNDATIOh' NOTES TO THE FINANCIAL STATFMFiYrs OR THE FEAR ENDED 31 OCTOBER 2021 Aewuntkng poIltles Charlty informatio The Ashdown Forest FouJLdstioD is a priYat¢ Company limited by gDardrth incoryoratsj in England and W41¢8. The r¢gistered office is TheAshdown FoTeStCentr4 ￿ch Cros4 Fwest Row. Ea%t SUSS￿ RH18 5JP. l.A Actthbnthig tonvrntlon The finAttcial statcments have be¢n prepared im A￿OrdaNC< with the lrysvs M¢morandurtt andArticlu ofAsso¢iatiQD. th¢ Companies Act 2006 and 'A¢c¢xmting 8t￿ ReportitiE by CharitiLS: Statemetrt of ReC4JMmend￿ Pra¢tic¢ applicable to harities preparingtheir ￿0￿nts in attordonce with th¢ Financial Retthing Standttrd ￿P11t￿ble in thc UK and Reyublic of Irelslld (FRS 1tr21 {effe¢tive l Jalltw 2019).. The is a Publi¢ B¢D¢fft Entity as defined by FRS 102. The tr￿81 h&s taken afvantsge of the EWOViSiDllS ID the SORP for ¢hariti¢s applying FRS IIY2 Utdate Bulldin I nDt to prepare a statemenl oFCash Flow& The financial State￿¢llts are prepared in slerling, whi¢b is the fullGtioMJ c￿￿ of th¢ tmst. Monetary athounts in th¢8¢ fllJall¢ial stat￿Le￿ts Are rouDdcd to th¢ ne8r¢sl £. The fi]wcial statements Iwe t¢en prepaterf IiDder the hisknrid cost cOnv￿tIOn. The princip￿ a￿￿￿11ng policies Jopted are set out below. 12 GolDg ton¢ern At the tim¢ of approving the st8tementy.the trusttts have a re&%onable exttttstion that Ihe trust IMS ad4uN resources to ¢ontinue in operational existejkce for the foreseeable futur& the trustees ¢ontinue to adopt the going ryJn¢¢rn basis of accouttting An preparing the fllwi¢ial stat¢men 1.3 CbArltsbie fumds un￿8trICt¢d funds are available forwe atthe discre￿ of the tn￿e¢S in furthe￿ ofth¢ir¢baTitsble objeAtiYes. 1.4 Incom¢ Inc￿Me 15 tCCO8nisd Whe￿ the Irusl is legally cntÈlled to it after aoy perfornwice Lxmditii)ns have been the ￿O￿llts Can be measured reliably. a￿1 it is piobable that incotne wil] bc tc¢eived. Cash donations att recognIs￿ on r￿cIPl. oth￿ dO[￿tIo[l$ ate re¢ogttised ollee the trust h&q been notified of the donation, unless performa¢￿ ronditioDs wuirg d¢f¢r[￿ of th¢ am¢)ullL tn¢ome fax ￿￿>Ve￿able ill relation to donAtioDs [￿e1Ved .uTrdey GiftAid or deed8 of cova]atLt is rwised * the tim¢ of thGdonation. LegAcies are recogni5ed on rtteipt or otherwise if the tn￿t ixen Dotified of all impending di5tributiw the anwun¢ is known, attd receipt is expecteit. Ifthe amount is not known, thc lew is treated as ￿￿nting¢llt 1.5 Expenditure Expenditure ts recogllisd on¢¢ the￿ is a legal orroA%tnKtive obligation to 1ransferecot￿mIC benefitto a third pty, it Is probable that a Iransf¢r of e¢onomi¢ I)eELer￿ will b¢ rowircd in settlemu( and the amount of th¢ obligation can be measured relithty. Bxpenditur¢ is ¢lassified by *livity. The costs of eath adivity ate tnade up of the total of direct Costs at¥J shared costs, including support costs illvolved in ulld¢rtakin8 ¢a¢h activity. Direct cosL8 attributhle to a single activity bre allocated diT¢¢tly tr> that aetivity. Shared costs whith aJtJtrtbut¢ to mort than one pdiyity and support ¢05ts which 8r¢ not attributable to a siD8le activity aTe app)rtI￿ed tttween tknse aciivits&8 on a basis consistent with the use of r¢SoUr￿. Central staff costs are ll11￿8t￿ basis QT time 5P¢DL deprKia¢ion ¢b￿g¢S are allL*ated OD the portiL)n of the asset's use. Expenditure is re4x>gnised once there 15 a legal Dr constructive obligation to rnakc a payment to a third pw, it is probable that settl¢fft¢Dt will requi￿1 and.th¢ aroouot of Ihe obligatioll can be measwd reliably.Expenditure 18 Cl￿SIfied under the followirJ8 hcadill85.' e6 THE ASHDOWN FOREST FOUNDATION NOTES TO THE FINAIYCIALSTATEMFiYrs (coiYrINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 Aeeountthg Wleles (Contlnue Grants payable are payrnents to third rArties in fllrther*￿ of the charitablc activitie& these payments are pN>posed and reviewd in the trustees medings and are (xjiy ￿ld OD agrecmeut of the tnth5. The grants Jre aw>un¢ed fw when the payment beell made to the recipieDt whirh is ￿$￿alty within a timety manner of the meeting dth. Support costs are thoBe f￿￿til￿]S that ￿l51the WO￿ of the cbrity Imrtdo directly Ulld￿ke th4ritsbl¢ aclivities. . Govemance costs in¢lude those c4th &sMKialtd.wilh medi1￿ the col￿tilUtto￿aI al￿ stalutory wuirements of the Charity and include the It￿ependent examirAtion fee5 and costs linked to the strate8ic malla8em¢nt of the ¢h8rity. staff costs include those who are employed by the ChaTilable Cornpw or self contr&t freela￿¢ workers (split in the wages ￿￿).. Bre reco￿l￿ed in tirne thty I￿t worked for th¢oIB4nkwtio 1.6 Cash 8Dd eqthalents C&th and c&%h equivalents include cash in h8Dd. h¢ld at with ban&s. other short-term liquid iDvestments with original maturities of three ￿OnthS or I￿ a[￿ bgDk ovcrdtaft5. BaDk overdra(ts are shovrn within bO￿owing$ in ￿￿rellt liabilities. Th¢ ¢haritsbl¢ company onty has assrts and liabiliti￿ of a kind thst qualify &8 b&si¢ financial instrthn¢nts. BasiG rinon¢iai instruments or¢ initially rttogtiised * traLwtionvaJue and subsequ¢lldy measuTThI at their settlement ￿lUC. 1.7 Employee belleflts The cost of any unU￿d holiday entidanent.is TKO8nis¢d ID the wiod in whith the employee's seThAces are received. Termination b￿¢fits are rewisd immediatslyx8 all expeLse when the trusi is demon5tr&bly committd to terniillate the employmeDt of an employee orto provid¢ ¢¢nnin*ioD ben¢fits. DoD•tiow #nd legatie Total Unr&%tri¢ted fvnds ¢rnl 2020 f•nds ds . gellernl de8iwted 2021 runds 2021 Donations and Eifts Grants Revivable 8,192 5250 25.616 10,944 44,752 5,250 78282 10.500 l3,442 25,616 10944 50,002 88,782 T.h¢ Don8tions Gifts ￿mplIse of £25.616ffi0rn the Pony GKaiDg & Cons¢mtion Tn￿ aud £4.225 of memorial donations. THE ASIIDOWN FOREST FOUNDATION NOTES TO THE FINANCIALSTATEMKNfS (CONTINIJED) FOR THE YE4R ENDED 31 OCTOBER 2021 Oth¢r trAdlAg admties Unrutrieled ruDds Total 2021 2020 Fwidrnising ¢vA)ts 30 lllvestmemts Unrestrleled fllDd$ Total 2021 2020 Int¢r6st recrivable J9 Charltsble &rtiviti¢s Crints payxbk Othet charltsbit pendithre TotAI 2021 GrAllts payAble 202(1 Grants payable Web5tte Costs 15.142 15,142 5,384 20,OQO 5J84 15,142 5J84 20.526 20,000 Share of8UPPOrt costs (see note 6} Share of gov¢manc¢ ¢¢)sts (see note 6) 360 10.892 fl0.8￿2 2,826 26J94 5J84 31,778 26,822 THE ASHDOWN FOREST FOIJIYDATION NOTES TO THE FINANCIAL STATEMENTS (COIYTINUED) FOR THE YE4R ENDED 31 OCTOBER 2021 Syport t05ts Support Costs Govtrmatyee 2021 suP￿rt costs Go¥em8nce 2020 Tr&vel costs 360 360 Legal and prot¢58ional Bank Char8es A¢GOUlltancy FEes &488 8.488 2,820 2.820 360 10.892 I 1,252 3.996 2,826 6,822 Atdy5ed bthee CILatitabl¢ aGtiYities 360 10,892 11252 3.996 2,826 6.822 GoYerJLaDce costs i]Jdud¢s to th6 ltido¢￿ ￿lMitte￿ of £1.8(KI (202￿ £1100) for independent exa[tiitiati￿ fees. Trnsttts None of the trn￿ (or atry perM8 wlth them) wRived atry muneralion or benefits from the trust during th6y¢Br. mpioyeos Thc Hv¢Thg¢ fflODthly number ofemploy¢esdurtng theyw was: 2021 N¥mb¢r 2020 Number Total .There w¢r¢ employeu wlu)se fUDyneration motethan £60.IX)O. Debto 2021 2020 knoumts falllng d￿¢ wltblll one ye•r: 2,784 lil Creditors: *mouAts f*lli*g dué Y4ithkn w¢ yur 21121 2￿0 Accnthls and deferred income 1.51K 2,100 THE ASHDOWN FOREST FOUNDATION NOTKS TO FtNANCIALSTATEMENTS (CO.YnNUED) FOR THE YE4R ENDED 31 OCTOBER 2021 11 Restrieted fwid8 The income funds of the ¢harity include restr1d￿ c4imprisiDg th¢ following Ullexpendtd balances of donations and grants hdd on t￿￿t for S￿lfie puryoses: Mov¢mext I nds B￿l￿te1t JI OetobEr2W41 l NoTrnber2V20 Memorials RNqWButtertty 4,225 6,719 6,719 10.944 10,944 M¢morials- th¢se are lega￿ donations for the spo1￿ of a me￿￿)rIal on the foresL typidly in th¢ forni of a b6ttC gate or bridge. . RMW Buttertly . a fomily donation for work on the forest attd a bcnch to be completd over auttm)JLlwillter of 2022r23. 12 DEsigllxted funds "Th¢ irieome thnds of the charity include the following desi8Dated fimds which have been set wid¢ out of uorestricted funds by the truste&s lor specific purwscs: Movement ID (Mnds *t l#eDmLThE Irsollrttj l N0ve￿I￿ra11￿ Balanre *t 31 Octthr21ni Pony Grazing - Forest CentreDevelopmMt . 25,616 25,616 25.657 25,657 25.616 25,657 51,273 13 Anity815 of Met a&8ets be¢weett fM*dy Unreslritted DttiRll*ted Restrieted filnds Totsl Unrestricted fiuid5 2020 2W21 2021 Z021 Fund balancu at 31 O¢tober 2W21 &Te T￿reSented by.. Current a￿tsI￿labilltic*) 18,016 51.273 10944 80.233 61.960 18,Ol6 51.273 10.944 80,233 61,960 p8gr 10 THE ASHDOWN FOREST FOIJIWATION NOTES TO TItE FTh'ANCLILSTATEMENfs (CO.YTINUED) FOR THE YE4R ENDED 31 OCTOBER 2021 14 Rdated ￿rty traDsaetloMg There were no discl(thle ￿lated party trdfL8x*iorL8 duriug theye•r (2tr2O-ThX￿). 15 Covid 19 At the reporting date Covid-19 widespread lockd¢)wn me*u￿S to be imposed in the UK and worldwide. This has ." resulted ID a TeductioD I￿ tM)th supply alld in the ¢c(Yw. It 15 llot currently p(>tsibl¢ to esti]natr the impaci this will have on the futur¢ f￿2￿cIal results of the charity ixrt m#llagement co]Lsider it to k a $18D￿le&￿t llne￿￿nty. Manage]nent have &55e&sed the impaGt of Covi&19 on the results Iq￿d for the financia] year ended 31 October 2021 and ¢oThsider that ail COVID 19 related costs aThl effects hav¢ been refleded ID thr accounts. F•8¢11