Stump Up For Trees CIO
Trustees' Report and Unaudited Accounts
31 March 2021
Stump Up For Trees CIO Contents
||Pages|
|---|---|
|Trustees'AnnualReport|2 to 4|
|IndependentExaminer'sReport|5|
|Statement of FinancialActivities|6|
|BalanceSheet|7|
|Notesto the Accounts|8 to 12|
|DetailedStatement of FinancialActivities|13|
Page 1
Stump Up For Trees CIO Trustees Annual Report
The Trustees present their report with the unaudited financial statements of the charity for the period ended 31 March 2021.
## REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1188226
Trustees
The following Trustees served during the year:
K.B. Davies (Resigned 31 January 2021)
A.R. Erskine
R.J. Roderick
J.C. Suter
## Accountants
Andersons Accountancy Services Ltd 10 The Cedars Llanfoist Abergavenny Monmouthshire NP7 9LX
Bankers
NatWest Abergavenny
## OBJECTIVES AND ACTIVITIES
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set, which are:
The advancement of environmental protection or improvement in particular but not exclusively by promoting and enabling the planting and successful management of trees and development of diverse natural habitats, and; The advancement of education in particular but not exclusively by the provision of information and activities increasing knowledge of trees, diverse habitats and environmental protection To bring together practical and scientific knowledge about the role that trees and woodlands play in a prosperous, resilient, fair and equal society and present this in a comprehensive and accessible format available for public use.
More detail can be found on www.stumpupfortrees.org
Page 2
Stump Up For Trees CIO Trustees Annual Report
## ACHIEVEMENTS AND PERFORMANCE
Charitable activities. In the year to 31st March 2021 volunteers organised by Stump Up For Trees have planted 3,440 trees on four sites and over 17,500 trees to help complete the Bryn Arw pilot site of 130,000 trees.
Further detail and information is found on www.stumpupfortrees.org
## FINANCIAL REVIEW
We have determined that we wish to maintain a reserve fund amounting to approximately 6 months operational costs. At present this equates to less than £25,000.
Based on a cash flow forecast taking into account forecast project costs, monthly expenditure and estimated income levels and timing, at least £25,000 is required in reserves to maintain liquidity.
In the event of the winding up of the charity redundancy costs and other liabilities are estimated to be in the order of £1,000. The Fixed Assets and Stocks balance stands at nil at 31st March 2021
The charity's funds have all been applied in accordance with its objectives. The charity's assets are all being maintained in the furtherance of these objectives.
Principal funding sources have contributed to key objectives during the year through a system of service level agreements with funding partners and specific project grant applications. Funds are sought to pursue the key activities described above. Charitable expenditure is allocated closely to the performance of these activities. The Statement of Financial Activities shows a net balance on the General Fund of £91,148 and £1,360 on Restricted Funds.
## PLANS FOR FUTURE PERIODS
The trustees plans follow a five year business plan for activities that provides for ongoing achievement of its charitable aims. Woodland creation, biodiversity enhancement and associated activities are a long-term process and the charity has sought a funding structure to deliver continuity of support for 12 years, following the planting of each new woodland. No woodland will be planted until funding for the full 12 year maintenance period has been raised.
The charity remains flexible and proactive in seeking funding for its activities. It provides an opportunity for landowners to improve and protect biodiversity, and to sequester carbon chiefly through planting trees. Stump Up For Trees offers a flexible approach to create opportunities for landowners to benefit from a change in land use to provide ecosystem services.
The trustees will ensure that the organisation continues to enhance the services it provides to meet the needs of its supporters and the general public.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity was registered on 27th February 2020. Its governing document is its constitution. There are three Trustees.
There is a Project Manager and an administrative assistant. We also benefit from the secondment of a regional Woodland Creation officer employed by Coed Cymru. The charity trustees are appointed by the existing trustees.
Page 3
Stump Up For Trees CIO Trustees Annual Report
SUFT currently has a register of 250 volunteers who are willing to give their time to help our activities. These are principally based around tree planting. In the year to 31st March 2021 over 100 volunteers have put in over 1600 hours of work and planted over 20,000 trees
## Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
A.R. Erskine
Trustee
08 December 2021
Page 4
Independent Examiners Report
Stump Up For Trees CIO
Independent Examiner's Report to the trustees of Stump Up For Trees CIO
I report to the trustees on my examination of the accounts of Stump Up For Trees CIO for the period ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
## Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the accounts do not accord with those records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
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 understanding of the accounts to be reached.
Mary Anderson FCA/ICAEW
Andersons Accountancy Services Ltd
10 The Cedars
Llanfoist Abergavenny Monmouthshire NP7 9LX
08 December 2021
Page 5
Stump Up For Trees CIO Statement of Financial Activities
for the period ended 31 March 2021
|for the period ended 31 March 2021||||
|---|---|---|---|
|Notes
Income and endowments
from:
Donationsandlegacies
2
Charitableactivities
3
Total
Expenditure on:
Charitableactivities
4
Total
Netgainsoninvestments
Netincome
Transfersbetweenfunds
Netincome before other
gains/(losses)
Othergainsandlosses
Net movementinfunds
Reconciliation of funds:
Totalfundscarriedforward|Unrestricted
funds
2021
£
100,538
-|Restricted
funds
2021
£
-
15,000|Totalfunds
2021
£
100,538
15,000|
||100,538
9,390|15,000
13,640|115,538
23,030|
||9,390
-|13,640
-|23,030
-|
||91,148
-|1,360
-|92,508
-|
||91,148|1,360|92,508|
||91,148|1,360|92,508|
||91,148|1,360|92,508|
Page 6
Stump Up For Trees CIO Balance Sheet
at 31 March 2021
|at 31 March 2021||
|---|---|
|Charity No.1188226
Current assets
Debtors
6
Cashat bankandin hand
Creditors: Amountfallingdue within one year
7
Netcurrent assets
Totalassets lesscurrentliabilities
Net assetsexcludingpension asset orliability
Totalnet assets
Thefundsofthecharity
Restrictedfunds
8
Restrictedincomefunds
Unrestrictedfunds
8
Generalfunds
Reserves
8
Totalfunds|2021
£
7,887
92,062|
||99,949
(7,441)|
||92,508
92,508|
||92,508|
||92,508|
||1,360|
||1,360
91,148|
||91,148|
||92,508|
Approved by the trustees on 08 December 2021
And signed on their behalf by:
A.R. Erskine Trustee 08 December 2021
Page 7
Stump Up For Trees CIO Notes to the Accounts
for the period ended 31 March 2021
- 1 Accounting policies
## Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## Income
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
Stump Up For Trees CIO Notes to the Accounts
## Expenditure
|Expenditure||
|---|---|
|Recognition of|Expenditureisrecognised onanaccrualsbasis.Expenditureincludesany VATwhich|
|expenditure|cannot befully recovered,andisreportedaspart ofthe expenditure to whichit|
||relates.|
|Expenditure on|Thesecomprise thecostsassociated withattractingvoluntaryincome,fundraising|
|raisingfunds|tradingcostsandinvestment managementcosts.|
|Expenditure on|Thesecomprise thecostsincurred by theCharityin the delivery ofitsactivitiesand|
|charitableactivities|servicesin thefurtherance ofitsobjects,includingthe makingofgrantsand|
||governancecosts.|
|Grantspayable|Allgrant expenditureisaccountedfor onanactualpaid basisplusanaccrualfor|
||grantsthat have beenapproved by the trusteesat the end ofthe year but not yet|
||paid.|
|Governancecosts|Theseinclude thosecostsassociated with meetingtheconstitutionalandstatutory|
||requirementsoftheCharity,includinganyaudit/independent examinationfees,|
||costslinked to thestrategicmanagement oftheCharity,together withashare of|
||otheradministrationcosts.|
|Other expenditure|Thesearesupportcostsnotallocated toaparticularactivity.|
## Taxation
The charity is exempt from tax on its charitable activities.
## Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other - short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## 2 Income from donations and legacies
|Incomefrom donationsandlegacies|||
|---|---|---|
|Donations
Gift Aid|Unrestricted
£
93,038
7,500
100,538|Total
2021
£
93,038
7,500|
|||100,538|
Page 9
Stump Up For Trees CIO Notes to the Accounts
3 Income from charitable activities
|3
Incomefromcharitable activities||||
|---|---|---|---|
|Grants
4
Expenditure oncharitable activities
Expenditureoncharitable
activities
Landownercosts
Project management
Advertising
BankCharges
Equipmentand tools
Governancecosts
Accountancy
Insurance
Otherlegaland professional
5
Staffcosts
No employee received emolumentsin excess
6
Debtors
Other debtors
Prepaymentsandaccruedincome
7
Creditors:
amountsfallingdue within one year
Accrualsand deferredincome|Unrestricted
£
1,530
-
1,655
162
194
540
193
5,116
9,390
of£60,000.|Restricted
£
15,000
15,000
Restricted
£
-
13,640
-
-
-
-
-
-
13,640
2021
£
7,500
387
7,887
2021
£
7,441
7,441|Total
2021
£
15,000|
||||15,000|
||||Total
2021
£
1,530
13,640
1,655
162
194
540
193
5,116|
||||23,030|
|||||
Page 10
Stump Up For Trees CIO Notes to the Accounts 8 Movement in funds
|8
Movementinfunds||||
|---|---|---|---|
|Restrictedfunds:
Restrictedincomefunds:
DAFCarnelianTrust
Total
Unrestrictedfunds:
Generalfunds
RevaluationReserves:
Totalfunds
Purposesand restrictionsin relation to thefunds:
Restrictedfunds:
DAFCarnelianTrust
Project management
9
Analysisofnet assetsbetweenfunds
Netcurrentassets
10 Reconciliation ofnet debt
Cashandcash equivalents
Net debt|Incoming
resources
(including
other
gains/losses
)
£
15,000
15,000
100,538
115,538|Resources
expended
£
(13,640)
(13,640)
(9,390)
(23,030)|At 31
March
2021
£
1,360|
||||1,360|
||||91,148|
||||92,508|
|||||
|||||
|||||
||Unrestricted
funds
£
94,558
94,558|Restricted
funds
£
(2,050)
(2,050)
Cashflows
£|Total
£
92,508|
||||92,508|
||||At 31
March
2021
£|
|||92,062|92,062|
|||92,062
92,062|92,062|
||||92,062|
|||||
Page 11
Stump Up For Trees CIO Notes to the Accounts
## 11 Commitments
## Operating lease commitments
- Annual commitments under non cancellable operating leases are as follows:
|Operatingleaseswith expiry date:
Overfive years|2021
Land and
buildings
£
-
-|2021
Other
£
590|
|---|---|---|
|||590|
Page 12
Stump Up For Trees CIO Detailed Statement of Financial Activities
for the period ended 31 March 2021
|for the period ended 31 March 2021||||
|---|---|---|---|
|Income and endowmentsfrom:
Donationsandlegacies
Donations
Gift Aid
Charitableactivities
Grants
Total income and endowments
Expenditure on:
Charitableactivities
Landownercosts
Project management
Advertising
BankCharges
Equipmentand tools
Governancecosts
Accountancy
Insurance
Otherlegaland professional
Totalofexpenditure oncharitable
activities
Totalexpenditure
Netgainsoninvestments
Netincome
Netincome before other
gains/(losses)
Other Gains
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward|Unrestricte
dfunds
2021
£
93,038
7,500
100,538
-
-
100,538
1,530
-
1,655
162
194
3,541
540
193
5,116
5,849
9,390
9,390
-
91,148
91,148
-
91,148
-
91,148|Restricted
funds
2021
£
-
-
-
15,000
15,000
15,000
-
13,640
-
-
-
13,640
-
-
-
-
13,640
13,640
-
1,360
1,360
-
1,360
-
1,360|Totalfunds
2021
£
93,038
7,500|
||||100,538|
||||15,000|
||||15,000|
||||115,538
1,530
13,640
1,655
162
194|
||||17,181|
||||540
193
5,116|
||||5,849|
||||23,030
23,030
-|
||||92,508|
||||92,508
-|
||||92,508|
||||-|
||||92,508|
Page 13