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
Da￿ert 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. Pr￿e￿I0￿ 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 organi￿tiOn'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#n*gement
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 Man￿￿5 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
U￿reStrIcted
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 tr*en 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 reqUI￿d 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 c*h 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 a￿l¥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 me￿ing 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
Ori￿1￿￿1 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 r￿irement benefil schemes are charged as an ex￿Trse as they fall due.
Ineome from don#tlon5 Itg#eles
Unre51riried
fu￿￿5
21124
Rtslrirted
fu￿d5
21124
TotAI Lnrtstrirttd
fund5
2023
Restrirted
fu￿d5
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
eh8rit*blt
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 FUr￿lTr8 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 fi￿dIng 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