Cbarity registration nuThber 1183829 {ETbgland and Wales) Company registration number 11624110 THE ASHDOWN FOREST FOUNDATION AIYNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
THE ASHDOWN FOREST FOUNDATION LEGAL AND ADMINISTIL4TIVE INFORMATION Truste¢s K Aalto R Si Clair Jones R St Pierre F Thomas A Morg Charlty number (Englattd and W#les) 1183829 Company number 16?4110 R¢glstered offlee Th¢ Ashdown Foresi Cenire Wvch C ross Forest Row Easi Sussex RF118 5JP Independent examlner Daert Harding ACA FCCA DChA Richard Pla¢e Dobson S¢rvi¢¢s Limiied 1-7 Sthtion Road Crawley Wcst Sussex RHIO IHT
THE ASHDOWN FOREST FOUNDATION CONTENTS P*ge Trusiees, report Independent examiner's report Statement of financial aclivities Bal8n¢e sheet Notes io ihe financial slatements 7- 15
THE ASHDOWN FOREST FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR EIVDED 31 OCTOBER 2024 The irust¢es pr¢s¢nt ih¢ir annual r¢port and fJn2n¢ial srat¢ments for th¢ y¢ar ¢t)d¢d 31 October 2024. The financial stat¢Tn¢nls have been prepared in accordance '11h ihe accounting licit$ sel out in note I to the fiiiancial staieinen15 and comply with the tru51'5 memoTanduTh and articles of a550¢iaiion Ihe Coinpanies Act 2006 and 'AcLounling and Reporting by Charities.. Sthierneni of Recommended Pra¢ti¢e applicable to Charities preparing theiT aLcounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 1021 lefTeciive l Jartuary 20191" Objectives and artivities Tht tn15t'5 Obj($ are.. I l T() prornote foT the benefit of Ihe public the conservation. proieciion and improvemeni Of ihe natural and physical envir()nment (If Ashdown Forest including as a place of amenity and resort ?) The provision of recreational faLililies for ihe 4uiei enjoyrneni of Ashdowi Forest in the inierests of social welfare for ihe public benefit with ihe objecis of impr()ving iheir ¢ondili(Jns of life -31 To advance the ediication of ihe public in the conservation. PreI0 and improveineni of the natural and ph>8ical environmeni of Ashdown Forest in furtherance of the aiK)ve objects. but noi othernise the Company shall have Jx)wer 10 raise funds io support work and projecis io proie¢i and enhance Ashdown Foresi for future generaiions to enjoy. The trustee5 have paid due regard to guidance i55ued by the Charity Commission in decidints what activities the trust should undertake. Aehlevernents and perforni•nce The past year has SLLn sibtnificanl pro8ress in fund rdising aciivilie5 as rhe Board of Trusiees has further established itself. In parliLLilar. Ihe chariiy h&s held a number of successful evenis duTin8 the year which have helped raise the charity's profile. ensTabTe with the wider local community and uyenerale donaiion income. The new board hos ¢onlinu¢d io review and enhance governance 8¢tivities fomialising financial controls and dona¢ion policies in parti¢ular whilsi also ¢on¢inuing to evolv¢ ihe organitiOn'S sirat¢gi¢ obje¢tives. FinHncial review The overall surplus foT the year was £11.74412027 deficit of £2.?681 as sei out in the Sthtemcnt of Finanri&l Activities on pag¢ 4 of th¢ acrounts. It is the policy of the trust that unrestricted funds which have not been desi8nated for a specific use should be maintained at a minimum of 3 months of the Foundation's opcralin8 Costs. In rcaching the a8rced rcscrvcs levcl. thc TrustCC5 have factored in the ciirrent minimal monthlN expendilure cornmitments. with no current employment related costs. As a growing charity we will continue to monilor th¢ appropriatenes5 of this reserves level in our Board meetings throughout the year, updating thtrn when nceded. Thi5 Itvel of reserves has been tnainlained throughout the financial )'ear. The iriistees have assessed the major risks to which the Irust is exw>sed. and are 1SfIed that systems are in place to mitigate exposure io the major risks. Stru¢ture governance and m#ngement The trust is a charitable company limited by guardniee. li is conirolled bv its governing document. which is its Memorandum and Articles of Association.
THE ASHDOWN FOREST FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR EIVDED 31 OCTOBER 2024 The trustees, who are also the directors for the purrx)s¢ of ¢omp2ny law. and who s¢Jv¢d dwing ih¢ year and up to th¢ date ot'signature of the financial siaiemenis were= K Aalto R St Clair Jone5 J Mills R Sl Pierre F 'l"homas A Morgan (Resigned 22 November 20241 Trustees are recTUlted following a selection pnKess carried out by Ihe Chairnian. None of the tru5tee5 ha5 an) beneficial inlerest in Ihe company. All of the tru5tee5 are Man5 of the company and Juaraniee lo contribute £1 in the event of a winding UP. The tru5tees' report w&5 approved by the Board of TTUStees. R.51 C.'lilr Jone$ I'rusiee Dated..
THE ASHDOWN FOREST FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ASHDOWN FOREST FOUNDATION I report to the trusiees on my examination of the fJt12n¢ial sthiements of Th¢ Ashdowt) For¢si Foundation Iihe trusti for the year ended 31 October 2024. Responsibilities #Nd b#515 of report As Ihe Iriisiee% ()I' the irusi lartd also ils direthors for the purposes ofcompany lawl. you are responsible for ihe preparation of Ihe linancial sthiemenis it) accordance wilh ihe requirements of the Companies Aa 2006. Having satisfied myself that the financial siaiernents of the trusi are noi Tequired io be audiied under Part 16 of ihe C.on)paiiies Act 2006 and are eligible for independent e¥aThinalion. I report in Ttspect of Thy exarninalion of the trusl's financial staternents Larried out under seLtion 145 of the Charitie5 Act ?01 l. In carying oul my exarninalion I have followed the DireLlion5 given by the ChaTLty Commission under section 14515Mbl of the Charities Act 2011. Independent exAminer's 5tAtement I have completed my examination. I confirm that no matters have come to my attenlion in connection with the exarnination ivinB me cause lo believ¢ that in material respect.. accouniing records were not kepi in iespeci ofthe iNsi as required by seciion 386 of the Companies Aci 2006. the financial siai¢ni¢nis do noi a¢¢ord with those re¢ords- or the financial slaiemenls do not comply wilh the accounling requirements of section 396 of the Companies Act ?006 other than any requirement that the financial 51alemenis give a true and fair view. Hhich is not a inatier coiisidered a5 part of an independent examination.. or the finanLial siaicmenis have not been prepared in accordance with the methods and Principles of the Siaiemeni of Recommended Praciice for a¢¢ouniinB and reporting b). Charilies applicable io charilies preparing Ih¢ir liiiancial siaiements in accordance with the Financial R¢portin¥ Siandard applicable in ihe Uk and Republic of Ireland IFRS 1021. I have no Loncerns and h&ve come across no other mailers in conneciion iviih rhe exarninaiion to which attention should be drawn in this report in order (o enable a proper under51andin¥ of the fLnaThciaJ sthiements to be reached. Dmrren HMrdingAC.,I FCCA DC.h, Richard PlaLe th)bson Services Limited 1-7 Station Road Crawley West Sussex RHIO IHT Date..
THE ASHDOWN FOREST FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 Current financi&l year UreStrIcted funds general 2024 Uttresirieted ruDds Designated 2(124 Restritted fuDds Toi*l Total 2024 2024 2023 As r¢stAi¢d Notes Income endowments from: Donations and legacies Oih¢r tradin¥ activities Oiher income 90.287 3.181 9.768 100.055 29,973 5,992 183 Total Incornt 9.1.468 Q.768 103.236 -16,148 Exp¢ndlture on: Raisinb lunds Charitable activities 4.566 63.927 4.566 86.926 3,754 34,662 22.999 Totgl expendltur¢ 68.493 2).9ty) -38,416 Nei Intomelltipendliurel 24.975 {13.2311 11.744 12,2681 Transfer5 between funds 21 Nei movement In funds 24,996 {13,2311 11.744 12,2681 Reconcilialion offunds: Fund balan¢es at l November 2023 86,165 49,131 17,456 152,752 155,020 Fund b8lAnces At 31 October 2024 49.110 4.225 164.496 152,752 The statement of financial activities includes all Tr5 and losses reco8nised in the year. All income and expenditure derive from continuing activities.
THE ASHDOWN FOREST FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 Prlor finan¢iAI year Uttresirieted ruDds general 2Q23 UDrestritted fuDds Designated 2023 Restri¢t¢d funds Total 21123 2023 In¢ome endowmeni$ from: Donations and l¢&ya¢ies Other trading activities Other income 24.773 5.99? 183 5,200 29,973 5,992 183 Tot91 incorne 30.948 5.200 36,148 Exptndlturt on: Raisin¥ tiinds Charitable activities 3.754 22.418 3,754 34,662 12.244 Totil expendlture 26.172 12.244 38,416 Net incomellexpenditurel Hnd rnovement In funds 4.776 17.0441 12,2681 Rtfonclll4tion of funds". Fund baldnces al l November 2022 81.389 49.131 24.500 155,020 Fund b#lan¢e$ It 31 Oetober 2023 86,165 49,131 17,456 152,752
THE ASHDOWN FOREST FOUNDATION BALANCE SHEET ASA T31 OCTOBER 2024 2024 2023 as restated Note5 Current Assets Cash at bank and in hand 267.197 269.711 Creditors: gmounts f&llin% dut within one y¢8r 12 1102.701 1116.9591 Nei eurrent asseis 164.496 152.752 The funds of ihe irust Resiricred income funds Unreslricled funds- general Unreslricled fiinds- De5ignaied 14 4.2?5 17,456 86,165 49,131 15 49,110 164.496 152,752 The ¢ompany is eniiiled io the exempiion from ihe audii requiremeni coniained in seciion 477 of the Companies Act 2006, for Ihe year ended .1 l O¢iober 2024. Thc directors ackrtowlcdge Ihcir Tcsponsibiliiies for complying with the requirements of the Conipanies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required ihe company to obtsin an audit of its financial ststemenrs for the year in quesiion in accordance ith section 476. These financial statements have been prepared in a¢¢ordan¢e with the provisions appli¢able to ¢ompanies subject to the small companies re¥ime. The flnancial statements were approved by the tr115tecs on.. R St Clair Jones Trustee Company registration numbEr 11624110 IEngland and Wales)
THE ASHDOWN FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 A¢¢ounting politles Charitv information The Ashdoivn For¢si Foyndation is a private company Itmit¢d by guarot)ie¢ in¢orporated in England and Wales. The registered oftice is The.4shdoivn For¢si Cenire. IV)'ch Cross. For¢si Row. Easi Sussex. RH18 5JP. 1.1 A¢eoun(Ing tonvtntlon The financial %tatemenis have been prepared in ac¢ordan¢e with the irust's Memorandum and Articles ofAssociaiion. Ihe ompanie% Aci 2006 and "Accounting and Reportir)g by Chariii¢s." Stsiemeni of Recommended Praciice applicable io charities PTeparirtg ibeir ac¢ounis in accordance wilh ihe Fioan¢ial Reporting Slandard applicable in ihe IJK and Republic of Ireland IFRS 1021 leffeciive l January 20191". The trusi is a Public Beoefii Eniity as defined by FRS 102. The irusi has iaken advaniage of the provisions in ihe SORP for Chariiies applying FRS 102 Updaie Bulleiin I noi to prepare a Siatemeni of Cash Flows. The financial staternents are prepared in sterlinu. which is ihe functional Currency of the trust. Moiietary amounts in these rinancial $taierneniS are rounded io ihe nearest £. Th¢ financial statements hav¢ been prepJr¢d under the hisiori¢g1 ¢ost ¢onv¢ntion. Th¢ principal ac¢ounting policies dopted ar¢ set oiit below. 1.2 Golng eon¢ern Al the lime of approvinb th¢ finan¢ial s1ol¢menls. the trusi¢es have a r¢8sonabl¢ expe¢tslion thai the trust has ad¢quat¢ r¢sources to Continue in op¢rational exist¢ne¢ for ihe for¢s¢¢abl¢ fuiur¢. Thus ihe irusl¢¢s ¢oiiiinue lo adopt the slain on¢¢Tn basis of coUntIng in preparirbg lh¢ finan¢ial slal¢m¢nts. l J ChArltgble funds Unrestricted funds are available for use at the dis¢rction ofthe trustees itt furtherance of their charitable objectives. 1.4 Income In¢om¢ is re¢o¥inis¢d When the trust is legally ¢niiil¢d io li after any p¢rforman¢e conditions have been mel the amounts Can be m¢asur¢d r¢liably. 8nd Li is probable thai in¢om¢ will be re¢¢iw¢d. Cash donations ar¢ r¢¢ognised on re¢¢ipi. (hh¢r donaiions gr¢ r¢¢ognis¢d on¢¢ lh¢ trusi has be¢n noiifi¢d ofih¢ donalii)n, unless performan¢e Conditions r¢quir¢ d¢f¢rral of ihe amouni. Incom¢ r¢¢ov¢rabl¢ in r¢lalion to donations re¢eived under Cjift Aid or deeds ofeovenanl Is recognised at ihe time ofihe donaiion. Legacies are recogni5ed on receipt OT otherwise if the trnst has tren notified of an impending distribution, the amount is known, and rcccipi 15 cxpected. If thc amount is not known. the le8acy is treated &s a contin8cni asset. 1.5 Expenditure xpenditure is rerognised onc¢ there 15 a l¢gal or con5trurtive obligation to transfer ffoTrotnic betL¢fit to a third party- it is probable that a tTansfrr of eronomic benefit5 will k reqUId in 5ettlem¢n( and the amount of the obligation ran be measured Teliabl),. Expenditure is ¢lassifJed by a¢¢ivity. The Costs of each a¢tivi¢v are made up of the total of dirert costs and shaT¢d costs, including 5UPPOrt f05ts involved in und¢rtakirtg ch 3ctivits._ Diirct Costs attributsble to a sin¥le artivity are allocated directly to tha¢ a¢¢ivity. Shared ¢osis Mhi¢h ¢ontribuie tts mote than on¢ activity artd supptsrt costs which are not attributable to a single a¢tiwity are ap]x)rtioned between those a¢iivilies a basis ¢onsist¢ni with the use of resources. Central siaff ¢osis are allo¢o*d on the basis of Lime spert4 and d¢pi¢¢iaiion ¢harges are allocated on the portion of ihe assei's use. Expenditllre is recognised otjce there Is a legal or Collstruciive obligaiion io make a payment to a third party, it is probable that seiilement will be required and the amouni of the obli8aiion can be measllred reliabl)'.Expendiiure is classified llnder the following headings..
THE ASHDOWN FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Atcounting policie5 (Continued) Grants payable are pavments io third parties in funherdnce of the charitable al¥jIleS. these paymenrs are proposed and reviewed in the irllstees meetings and arc onlv paid on agreemeni of the trusiees. The grants are ac¢ounied for wh¢n th¢ payment has been made to the recipient which is usually M'iihin a iimelv manner of the meeiing date. Support costs are those fijnetions thai &ssist the work of the charity bui do not directly undertake charitsble activities. Governance costs incliide those costs associaied with meing the consiinjtional and staiuiory requirements of the ¢harity and include the independent examination fees and costs linked io the sirdtegic management of the charity. Staff costs inelude those who are employed by the Charithble Company or self contrdet freelance workers (split iii the wages note). The cosL5 are Tecognised in the time thal they have worked for the organi5ation. 1.6 Cash ind cash equii'glents Cash and cash eqiiivalenis include cash in hand. deposits held at Lall wilh banks. other short-ierjn liquid investments with Ori11 maturities ofthree monihs or les% and bank overdratts. Bank overdrafts are shown within borrowin&ps in current The charitable company only has financial assets and liabilities of a kind that qualify as b&sic financial instruments. Basic financial in51rumenls are initially reco¥nised at trdnsaclion value and subsequentl), mea5UTed al their settlement value. 1.7 Emplo)'ee benefl¢s The cost of any unused holiday entitlement 15 re¢o8nis¢d in the period in whi¢h ihe ¢mploye¢'s services are rec¢ived. Termination benefits are Teco8nised immedialely as an expense when ihe trust is demonstrably commitied lo terminate the employment of an employee or io provide terniination benefits. 1.8 Retlrement beneflts Payment5 to defined eoniribulion rirement benefil schemes are charged as an exTrse as they fall due. Ineome from don#tlon5 Itg#eles Unre51riried fu5 21124 Rtslrirted fud5 21124 TotAI Lnrtstrirttd fund5 2023 Restrirted fud5 2023 Total 21124 2023 Donations and gifts Grants Membership fees 69.359 14.9?8 6.000 9.768 79.127 14.928 6.000 24.773 5,200 29,973 90,287 9.768 100.055 24,773 5,200 29,973
THE ASHDOWN FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Oth¢r trading attivities Unrestricted funds general 2024 Tot*1 2023 Fundraising events 5,992 Other income Ilnre$irl¢ted Unr¢strlei¢d runds funds 2024 2023 Other income 183 Expendlture on ralslng fund5 Unrestrl¢t¢d Unrestrl¢i¢d runds funds 2024 2023 Fundrglqing and puhllclty Othcr fundraisin8 COSIS 4.566 3,754
THE ASHDOWN FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Charitable xttivitles Crant5 pa)'able Other eh8ritblt tiptnditurt Total 2024 Grant5 payable Other ¢haritable expenditure Total 2023 2024 2024 2023 2023 Staff costs Grants payable Websiie c.osts 20.(5 20,065 4.(K)I lJ92 28.892 28.892 1,734 1,392 1,734 62.066 1.392 63.458 28.892 1.734 30,626 Share of support costs (see note 71 Share of governance costs (see note 71 20.893 20.893 281 281 2,575 2,575 3,755 3,755 85.534 1.392 86.926 32.9?8 1.734 34,662 An#l)515 b) fund unr151riii¢d funds- general Restricted fund5 62.535 22.999 1.392 63.927 2*.999 20.684 12,244 1.734 22,418 12,244 85.534 1,392 86.926 3?.9?8 1.734 34,662 Support e05ts #llo¢#ted io Ietfvltles Charltable Total 2024 2023 Travelling P.R l.ii¢rature & Brochures Internet charyes Computer & Software Re¢ruitm¢nt costs Telephone charges Governance 1.104 10.4 897 3,789 4.320 293 2,575 39 66 57 3,755 23,468 4,036
THE ASHDOWN FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Support Costs Allot9ted to attivitie5 (Continued) 2024 2023 Governance tosts tomprise: Legal and professional Bank charges .4udil and accountancy Insurance 84 400 165 3,190 1.727 649 2.575 3,755 Net movement in funds 2024 2023 The nei movemenr in funds is sthied after ¢hargit)@l¢rediiingl: Fees payable for ihe independent examinaiion ofthe charity'$ fin¢181 s¢aiemenlS Trustees None of the irustees lor ony persons connea¢d with them) received any remuneraiion or benefits from ihe trust during lh¢ year. There was expenditur¢ r¢imburs¢d for Irgv¢l of £68312023.. nil) 10 g trysiee during th¢ year. There w&s expenditure reimbursed for ¢xp¢nditure on behalf of organisaiion aciiviry of£i.03112023.' nil) lo four (rustees during the year. F.mployees The average monthly nuTnber of employccs during the year was= 2024 Yumber 2023 Number Employment Costs 2024 2023 Wage5 and salaries Oth¢r p¢rtsion ¢osts 19.754 20.065 There were no employees whose annual remuneration w&s more than £60.(M)O.
THE ASHDOWN FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Taxatlon The charity is exernpt frorn tax on income and gains falling .]thin section 505 of the Taxes Aci 1988 OT section 252 of the T&¥ation of C.hargeabl¢ Gain5 Act IW? to the exleni these art applied to its charitable objects. 12 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade CTeditors Other ¢r¢diiors Accruals and deferred income 267 -14 100.000 2.400 100,000 16,959 102.701 116,959 13 Retlrement benefii sehemes 2024 2023 Defined contribution scheme5 Charge io profil or loss in respe¢l ofdefined coniribuiion schemes The tnisi operaies a defined ¢ontribuiion pensiot) s¢heme for all qualifying employtts. The assets of the scheme are held separa¢elJ from ¢hos¢ of ¢he trus¢ in an ind¢p¢ndenily administered fund. 14 Re5(rlcied fund5 The resiricied funds of the charity eomprise ihe unexpend¢d balan¢o of donations and grants held on trust sllbj¢ci to specifjc condiiions by donors as io how the). May be used. Al l Nvi'ember 2023 Incoming re50urres Re50urres At 31 Ortobtr txpended 2024 Memorials RMW Butterfly Carbon Sequestration 111.2001 12,0311 19,7681 4,225 2.031 9,768 17.456 9,768 122.9991 4,225
THE ASHDOWN FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 14 Restricted funds (Continued) Previous year: At l N•vember 21122 Incoming resources Resources At 31 Oetober txpellded 2023 Memorials RMW Butterfly C.ari%>n SequestTaiion 15.4?5 6.739 2.336 5.2(M) 15.2001 14.7081 12.3.161 15,425 2,031 24.5 5.200 112.2441 17,456 M¢morials - Ihese are legacy donaiions for ihe sponsoring of o memorial on ihe foresr. typically in the form of a bench, gate or bridge. RMW Biiitet4]y - o family doDaiion for bullertly consery81ion work on the forest and a bench. This will complet¢d in 2024. C'arbon Seqiiesiration this 1$ 10 b¢ used to anal)'s¢ ihe forest's ¢arbon slorage ¢8pacity & Te¢omm¢nd optimal ¢aTbon apiure solutions through h¢aihlond ond mire manag¢m¢ni. Ilnrestrl¢ted funds- Deslgn*ted These are Linresiricled funds which are malerial io ihe trusi's aclivilies. At l November 2023 Tran$f¢rs At 31 O¢tober 2024 Forest Cenire Devlopment Pony Grazing 25.657 23.474 25,657 23,453 49.131 49,110 Prevlous year: At l November 2022 Tr#n5fers At 31 Oetober 2023 Forest Centre D¢Ylopm¢nt Pony Gruing 25.657 23.474 25.657 2.3,474 49.131 49,131 Forest Centre DeYeloprnent- this pertain5 to ac£e55 to the FoTt5t arml are dtsignated to irnprove access for all. Pony Grazing Project the5¢ fund5 pertain to the liquidation of the Su55tx Pon)" Graang Con5eTvation Trust and are designated for use in 5UPPOrt of C.Oll5¢Tvation Grazillg.
THE ASHDOWN FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 16 Anglysis of llet assets between funds Uorestrieied ruDds general 2024 UDrestritted funds De5ignatcd 2024 Restricted funds Tot&1 21124 2024 At 31 October 2024: Curreni asseisllliabili¢ies) 49,110 4.225 164.496 49,110 4.225 164,496 Ilfjresirleied Ilthresirleted futtds fulld$ general Designgted 2023 Resirlcted nds Totll 2023 2023 2023 At 31 Octobtr 2023: CurrLnt assLlS.:'Iliabilitie51 86.165 49.131 17.456 152,752 86,165 49.1.31 17,456 152,752 Flninci81 commitrnents. gu8r*nteeJ Ind conlingenl li8bililie5 Last year ihe the ¢hariiabl¢ compan). received a legacy of £I(K),0. This legacy was subject to clarification from HMRC that the intended desiinaiion was for The Ashdown Foresi Foundation. How¢v¢r li has now been ¢onfirined ¢hat the l¢¥a¢y Wds not intended for The Ashdown Forest Foundaiion. Ther¢for¢. Ihis £IOO.000 l¢¥ao has been remow¢d from the donaii()n iniome and is siitin¥ as a ¢r¢diior ai Ihe year ¢nd. Subxquenlly after ihe year end this has now been repaid. The impalt on lh¢ a¢iounis ar¢ shown in noi¢ 19. 18 Related party transactions The Finance Offjcer for the Conservators of A5hdown Forest ICOAFI provides accouniin8 services to The Ashdown Forcst Foundation in preparin8 monthly management and annual accounts well as facilitating bankin8 activity and piirchasc ledgcr functionality. (hhcr members of SL2ff from the senior mana8ement team provide inforniation at monthly TAFF tnistcc meetings, and providc information on projects and eapital FUrlTr8 required by the or8anisation. Two out of the Seven A5hdown Forest Foundation trustee5 are also Conservalor5. whilst this doe5 not 5U88est control it is indicative of influence. Total 8Tants paid to COAF amounted to £53.755 12023.. £19.6761. There 15 no accrual for fidIng agreed frorn the Foundations designated fund for the Pon). Project to the Conservators this year, in respect of the Exmoor ponies used for grazing. It atnounts to nil {2023.. £2.6581. The father of one of the tru5te¢s donated £IO.IXN>12023= £10.0)} to the foundation during the year.
THE ASHDOWN FOREST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 19 Prior period adjustment Change5 to the balance Sheet At 31 Ottobtr 2023 As previously Adju51ment rtported As reBtattd Crtdltors dut wlthltt ont ytar other ¢r¢ditors 116.959 I100.o(x)I 1116,9591 Capital fund5 Income funds Restricicd funds 17.456 49.1.11 186.165 17,456 49,131 86,165 Unresiricied funds i¢)0.0) To¢91 equity 25? 752 I100.O(K)I 152,752 Changes io the prollt and loss oc¢oun¢ Perlod ended 31 October 2023 A5 prtVllbU51y Adjustment A5 restited reported Donations and legacies 129,973 I100,o(x)I 29,973 Net movement in fiinds 97.732 I100.o(x)I 12,2681