����������������������������������������������������������
Trustees' Report and Unaudited Accounts
30 June 2022
���������������������������������������������������������� 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 13 |
| DetailedStatement of FinancialActivities | 14 to 15 |
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 30 June 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1188226
Trustees
The following trustees served during the year:
A.H. Colvin
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
ACHIEVEMENTS AND PERFORMANCE
Charitable activities. In the year to 30th June 2022 volunteers organised by Stump Up For Trees have planted 22,135 trees at 18 sites and engaged in bracken clearance on the Bryn Arw pilot site of 130,000 trees.
An ecological survey on Bryn Arw was undertaken as a part of the educational programme training - volunteers in measuring bio diversity.There were 20 days and an area of 122ha was studied. Further detail and information can be found on www.stumpupfortrees.org
Page 2
����������������������������������������������������������
Stump Up For Trees CIO
Trustees Annual Report
The charity started a tree nursery in March 2022 and by the end of June had a total of 33,650 saplings which would be ready to plant in the 2022/23 season.
FINANCIAL REVIEW
The Trustees require a minimum of 6 months of overhead expenditure to be kept in the unrestricted reserve fund. This would equate to approximately £60,000, which is well within the current level of £188,778
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 Unrestricted Fund of £188,778, £26,097 in Designated Funds and £42,903 in Restricted Funds
PLANS FOR FUTURE PERIODS
The trustees follow a 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 remains in place.
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. The trustees decided that the level of activity had grown to the extent that there was now a need to employ a general manager and also an operations manager. These posts to commence in the winter 2022. The charity received a visit from another charity engaged in similar work, Moor Trees based on Dartmoor. A return visit and close cooperation is planned for 2022/23
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity was registered on 27th February 2020. Its governing document is its constitution.
There are four Trustees.James Suter stood down after his 2 year appointment and was unanimously - re elected to the board of trustees for a further 3 year period. Hugh Colvin was appointed on 5Th May 2022. There is a Project Manager and two administrative assistants. 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.
SUFT currently has a register of 565 volunteers who are willing to give their time to help our activities. These are principally based around tree planting but also include nursery tasks. In the period to 30th June 2022 over 200 volunteers have put in over 2,500 hours of work and planted over 20,000 seedlings,
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).
Page 3
����������������������������������������������������������
Stump Up For Trees CIO
Trustees Annual Report
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
11 January 2023
Page 4
����������������������������������������������������������
-
Stump Up For Trees CIO
-
Independent Examiners Report
-
Independent Examiner's Report to the trustees of Stump Up For Trees CIO
I report to the trustees on my examination of the financial statements of Stump Up For Trees CIO for the period ended 30 June 2022 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 financial statements 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 financial statements 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 financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Mrs Mary Anderson
FCA / ICAEW
Andersons Accountancy Services Ltd
10 The Cedars
Llanfoist
Abergavenny Monmouthshire
NP7 9LX
11 January 2023
Page 5
����������������������������������������������������������
-
Stump Up For Trees CIO
-
Statement of Financial Activities
for the period ended 30 June 2022
| for the period ended 30June 2022 | |||||
|---|---|---|---|---|---|
| Notes Income and endowments from: Donationsandlegacies 3 Charitableactivities 4 Total Expenditure on: Raisingfunds 5 Charitableactivities 6 Total Netgainsoninvestments Netincome Transfersbetweenfunds Netincome before other gains/(losses) Othergainsandlosses Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward |
Unrestricted funds |
Restricted funds |
Totalfunds | Totalfunds | |
| 2022 | 2022 | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| 156,447 | 44,536 | 200,983 | 100,538 | ||
| - | 17,830 | 17,830 | 15,000 | ||
| 156,447 | 62,366 | 218,813 | 115,538 | ||
| 50 | - | 50 | - | ||
| 32,669 | 20,824 | 53,493 | 23,030 | ||
| 32,719 | 20,824 | 53,543 | 23,030 | ||
| - | - | - | - | ||
| 123,727 | 41,543 | 165,270 | 92,508 | ||
| - | - | - | - | ||
| 123,727 | 41,543 | 165,270 | 92,508 | ||
| 123,727 | 41,543 | 165,270 | 92,508 | ||
| 91,148 | 1,360 | 92,508 | - | ||
| 214,875 | 42,903 | 257,778 | 92,508 | ||
Page 6
����������������������������������������������������������
Balance Sheet
Stump Up For Trees CIO
at 30 June 2022
| at 30June 2022 | ||
|---|---|---|
| Charity No.1188226 Current assets Stocks 8 Debtors 9 Cashat bankandin hand Creditors: Amountfallingdue within one year 10 Netcurrent assets Totalassets lesscurrentliabilities Net assetsexcludingpension asset orliability Totalnet assets Thefundsofthecharity Restrictedfunds 11 Restrictedincomefunds Unrestrictedfunds 11 Generalfunds Designatedfunds Reserves 11 Totalfunds |
2022 £ 8,892 121 267,473 276,486 (18,708) 257,778 257,778 257,778 257,778 42,903 42,903 188,778 26,097 214,875 257,778 |
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 11 January 2023
And signed on their behalf by:
A.R. Erskine
Trustee
11 January 2023
Page 7
����������������������������������������������������������
Stump Up For Trees CIO
Notes to the Accounts
-
for the period ended 30 June 2022
-
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.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
-
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
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
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.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 9
���������������������������������������������������������� Stump Up For Trees CIO
Notes to the Accounts
- 2 Statement of Financial Activities - prior year
| 2 Statement ofFinancialActivities-prior year |
||||
|---|---|---|---|---|
| Income and endowmentsfrom: Donationsandlegacies Charitableactivities Total Expenditure on: Charitableactivities Total Netincome Netincome before other gains/(losses) Othergainsandlosses: Net movementinfunds Reconciliation of funds: Totalfundscarriedforward 3 Incomefrom donationsandlegacies Donationsandlegacies Giftaid 4 Incomefromcharitable activities Grants 5 Expenditure on raising funds Fundraising tradingcosts Fundraisingcosts |
Unrestricted £ |
Unrestricted funds 2021 £ 100,538 - 100,538 9,390 9,390 91,148 91,148 91,148 91,148 Restricted £ 44,536 - 44,536 Restricted £ 17,830 17,830 Unrestricted £ 50 50 |
Restricted funds 2021 £ - 15,000 15,000 13,640 13,640 1,360 1,360 1,360 1,360 Total 2022 £ 200,983 - 200,983 Total 2022 £ 17,830 17,830 Total 2022 £ 50 50 |
Totalfunds 2021 £ 100,538 15,000 |
| 115,538 23,030 |
||||
| 23,030 | ||||
| 92,508 | ||||
| 92,508 | ||||
| 92,508 | ||||
| 92,508 | ||||
| Total 2021 £ 93,038 7,500 |
||||
| 156,447 | ||||
| - | ||||
| 156,447 | 100,538 | |||
| Total 2021 £ 15,000 |
||||
| 15,000 | ||||
| Total 2021 £ - |
||||
| - |
Page 10
����������������������������������������������������������
Stump Up For Trees CIO
Notes to the Accounts
- 6 Expenditure on charitable activities
| 6 Expenditure oncharitable activities |
||||
|---|---|---|---|---|
| Expenditureoncharitable activities Landownercosts Project management Advertising Bankcharges Equipment tools Governancecosts Accountancy Insurance Otherlegaland professional IT andadmincosts 7 Staffcosts No employee received emolumentsin excess 8 Stocks Finishedgoods 9 Debtors Other debtors Prepaymentsandaccruedincome 10 Creditors: amountsfallingdue within one year Tradecreditors Accruals |
Unrestricted £ 2,672 24,606 683 563 - 540 556 2,546 503 |
Restricted £ 4,464 16,360 - - - - - - - 20,824 2022 £ 8,892 8,892 2022 £ - 121 121 2022 £ 8,892 |
Total 2022 £ 7,136 40,966 683 563 - 540 556 2,546 503 53,493 |
Total 2021 £ 1,530 13,640 1,655 162 194 540 193 5,116 - |
| 32,669 | 23,030 | |||
| of£60,000. | 2021 £ - |
|||
| - | ||||
| 2021 £ 7,500 387 |
||||
| 7,887 | ||||
| 2021 £ - |
||||
| 9,816 | 7,441 | |||
| 18,708 | 7,441 |
Page 11
���������������������������������������������������������� Stump Up For Trees CIO
Notes to the Accounts
11 Movement in funds
| Movementinfunds | ||||
|---|---|---|---|---|
| Restrictedfunds: Restrictedincomefunds: DAFCarnelianTrust Educationservices TreePlantingDonations Total Unrestrictedfunds: Generalfunds Designatedfunds: TreePlanting Total Totalfunds |
At 1 April 2021 1,360 - - |
Incoming resources (including other gains/losses) £ 15,000 2,830 44,536 62,366 130,349 26,097 26,097 218,813 |
Resources expended £ (16,360) - (4,464) (20,824) (32,719) - - (53,543) |
At 30June 2022 £ - 2,830 40,073 |
| 1,360 | 42,903 | |||
| 188,778 26,097 |
||||
| 91,148 | ||||
| - | ||||
| - | 26,097 | |||
| 92,508 | 257,778 |
| Purposesand restrictionsin relation to thefunds: Restrictedfunds: DAFCarnelianTrust Project management Educationservices Education programme TreePlantingDonations Tree planting Designatedfunds: TreePlanting Provisionforfutureliabilitiesfor treesplanted. 12 Analysisofnet assetsbetweenfunds Unrestricted funds £ Netcurrentassets 257,778 257,778 13 Reconciliation ofnet debt At 1 April 2021 Cashflows £ £ Cashandcash equivalents 92,062 175,411 92,062 175,411 Net debt 92,062 175,411 |
Purposesand restrictionsin relation to thefunds: Restrictedfunds: DAFCarnelianTrust Project management Educationservices Education programme TreePlantingDonations Tree planting Designatedfunds: TreePlanting Provisionforfutureliabilitiesfor treesplanted. 12 Analysisofnet assetsbetweenfunds Unrestricted funds £ Netcurrentassets 257,778 257,778 13 Reconciliation ofnet debt At 1 April 2021 Cashflows £ £ Cashandcash equivalents 92,062 175,411 92,062 175,411 Net debt 92,062 175,411 |
Purposesand restrictionsin relation to thefunds: Restrictedfunds: DAFCarnelianTrust Project management Educationservices Education programme TreePlantingDonations Tree planting Designatedfunds: TreePlanting Provisionforfutureliabilitiesfor treesplanted. 12 Analysisofnet assetsbetweenfunds Unrestricted funds £ Netcurrentassets 257,778 257,778 13 Reconciliation ofnet debt At 1 April 2021 Cashflows £ £ Cashandcash equivalents 92,062 175,411 92,062 175,411 Net debt 92,062 175,411 |
|
|---|---|---|---|
| At 1 April 2021 £ |
Unrestricted funds £ 257,778 257,778 Cashflows £ |
Total £ 257,778 |
|
| 257,778 | |||
| At 30June 2022 £ |
|||
| 92,062 | 175,411 | 267,473 | |
| 92,062 92,062 |
175,411 175,411 |
267,473 | |
| 267,473 | |||
Page 12
���������������������������������������������������������� Stump Up For Trees CIO
Notes to the Accounts
14 Commitments
Operating lease commitments
- Annual commitments under non cancellable operating leases are as follows:
| Operatingleaseswith expiry date: Overfive years |
2022 Land and buildings £ - |
2022 Other £ 590 590 |
2021 Land and buildings £ - - |
2021 Other £ 590 |
|---|---|---|---|---|
| - | 590 |
Page 13
����������������������������������������������������������
Stump Up For Trees CIO
Detailed Statement of Financial Activities
for the period ended 30 June 2022
| for the period ended 30June 2022 | ||||
|---|---|---|---|---|
| Income and endowmentsfrom: Donationsandlegacies Donationsandlegacies Giftaid Charitableactivities Grants Total income and endowments Expenditure on: Costsofother tradingactivities Fundraisingcosts Totalofexpenditure on raising funds Charitableactivities Landownercosts Project management Advertising Bankcharges Equipment tools Governancecosts Accountancy Insurance Otherlegaland professional IT andadmincosts Totalofexpenditure oncharitable activities Totalexpenditure Netgainsoninvestments Netincome Netincome before other gains/(losses) Other Gains |
Unrestricte dfunds 2022 £ 156,447 - 156,447 - - 156,447 50 50 50 2,672 24,606 683 563 - 28,524 540 556 2,546 503 4,145 32,669 32,719 - 123,727 123,727 - |
Restricted funds 2022 £ 44,536 - 44,536 17,830 17,830 62,366 - - - 4,464 16,360 - - - 20,824 - - - - - 20,824 20,824 - 41,543 41,543 - |
Totalfunds 2022 £ 200,983 - 200,983 17,830 17,830 218,813 50 50 50 7,136 40,966 683 563 - 49,348 540 556 2,546 503 4,145 53,493 53,543 - 165,270 165,270 - |
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 - |
Page 14
���������������������������������������������������������� Stump Up For Trees CIO
| Stump UpFor TreesCIO |
||||
|---|---|---|---|---|
| Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward DetailedStatement ofFinancialActivities |
123,727 91,148 214,875 |
41,543 1,360 42,903 |
165,270 92,508 257,778 |
|
| 92,508 | ||||
| - | ||||
| 92,508 |
Page 15