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2023-06-30-accounts

Stump Up For Trees CIO

Charity No. 1188226

Trustees' Report and Unaudited Accounts

30 June 2023

Stump Up For Trees CIO Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 to 15
Detailed Statement of Financial Activities 16 to 17

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 year ended 30 June 2023.

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

R.A. Vaughan

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

Page 2

Stump Up For Trees CIO Trustees Annual Report

Charitable activities. In the year to 30th June 2023 Stump Up For Trees engaged with 62 sites, providing advice, support and woodland creation planning services. This concluded in the successful planting of 73,277 trees across 28 sites. 29,757 of these trees were planted by volunteers at 10 sites, equating to roughly 1,700 volunteer hours over the winter season. 26,042 trees were planted by private landowners within SUFT schemes and 17,478 by Trusted Partners.

In addition to the 10 new sites, monitoring took place at our 13 1yr and 2yr old sites both to support landowners to ensure establishment and to inform and develop the charity's knowledge base and expertise in site development. Volunteers engaged in 25 days of management and monitoring of our 122ha pilot site Bryn Arw, including Bracken clearance and ecological surveys for Bird and Flora, extending our educational survey training program.

The SUFT tree nursery now holds over 120,000 trees of 15 species both self-grown and saplings to grow-on enabling us to develop and plan greater diversity in both species and structure at our 23/24 sites. The charity received grant funding to increase our volunteer hours and engagement increasing our volunteer days to an average of 300 hours a month at the nursery.

The charity has advanced education in the field primarily through the detailed site plans and background information shared with landowners; the engagement and education of volunteers over our extensive volunteer activities – uniquely enabling groups and individuals to engage at all stages of woodland creation for habitat restoration; hosting university site visits to our pilot site Bryn Arw. Stump Up For Trees has also developed it’s partnerships and networks, both for education within and around the field, but also to enable best practice and increased performance by engaging with partners who can complement scheme delivery – for example the very successful ‘Traditional Boundaries of Wales’ project with the Bannau Brycheiniog National Park Authority (BBNPA). At the launch of the new BBNPA management plan, Stump Up For Trees was hailed as a ‘Ser Y Bannau’ | Star of the Beacons for its work.

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 £84,697, which is well within the current level of £353,409. 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 £353,049, and £17,470 in Restricted Funds.

PLANS FOR FUTURE PERIODS

The trustees follow a business plan for activities that provides for ongoing achievement of its charitable aims, this plan is reviewed and updated yearly as the charity develops. Woodland creation, biodiversity enhancement and associated activities are a long-term process and the charities successful funding structure delivers continuity of support from the early stages of tree sourcing, throughout woodland creation, and for a full 12 year term. No woodland will be planted until funding for the full 12 year maintenance period has been raised and is in place.

Page 3

Stump Up For Trees CIO Trustees Annual Report

The charity remains flexible and proactive in seeking funding for its activities. It provides an opportunity for landowners to improve and protect biodiversity and sequester carbon chiefly through planting trees. Stump Up For Tres offers a flexible approach to create opportunities for landowners to benefits 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. A general manager was hired during this period and an operations manager will be hired for the coming season to support the continued growth of the charities activities.

We are excited to be extending our educational program including: exploring a program of creative work with children in primary schools; engaging with Masters researchers in both social and environmental sciences; engaging with the community interests group and long-term research project Cradle For Nature, in regards trees as a key tool in coal spoil restoration

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity was registered on 27th February 2020. Its governing document is its constitution.

There are five Trustees; Andrew Erskine, Richard Roderick, Hugh Colvin, James Suter and Bob Vaughan who was appointed on the 22nd February 2023.

There is an independent Project Director, General Manager (hired December 2022), and two part-time/self-employed administrative assistants. In March 2023, the charity hired the Woodland Creation Officer, who had previously been on secondment from Coed Cymru. A part-time Nursery supervisor and volunteer supervisor are engaged at the nursery. The charity trustees are appointed by the existing trustees.

SUFT currently has a database of over 900 supporters who receive our newsletter, 600 volunteers on our database with over 250 actively engaging in events and activities. These are seasonal with tree planting taking place between November to March, the ecological surveys, monitoring and management from April to October and activities at the nursery are year round. In the period to 30th June 2023 over 250 volunteers put in over 4950 hours contributing across our activities.

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 17 April 2024

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 year ended 30 June 2023 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:

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.

Mary Anderson FCA/ ICAEW Andersons Accountancy Services Ltd 10 The Cedars Llanfoist Abergavenny Monmouthshire NP7 9LX 17 April 2024

Page 5

Stump Up For Trees CIO Statement of Financial Activities

for the year ended 30 June 2023

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total
Expenditure on:
Raising funds
6
Charitable activities
7
Other
8
Total
Net gains on investments
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Restricted
funds		 Total funds Total funds
2023 2023 2023 2022
£ £ £ £
219,860 13,047 232,907 200,983
- 9,770 9,770 17,830
1,477 - 1,477 -
221,337 22,817 244,154 218,813
50 - 50 50
62,967 48,250 111,217 53,493
20,146 - 20,146 -
83,163 48,250 131,413 53,543
- - - -
138,174 (25,433) 112,741 165,270
- - - -
138,174 (25,433) 112,741 165,270
138,174 (25,433) 112,741 165,270
214,875 42,903 257,778 92,508
353,049 17,470 370,519 257,778

Page 6

Stump Up For Trees CIO Balance Sheet

at 30 June 2023

Charity No. 1188226
Fixed assets
Tangible assets
10
Current assets
Stocks
11
Debtors
12
Cash at bank and in hand
Creditors:Amount falling due within one year
13
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
14
Restricted income funds
Unrestricted funds
14
General funds
Designated funds
Reserves
14
Total funds
Approved by the trustees on 17 April 2024
And signed on their behalf by:
A.R. Erskine
Trustee
17 April 2024		 2023
£
2,650
2,650
9,200
4,057
366,518
379,775
(11,906)
367,869
370,519
370,519
370,519
17,470
17,470
259,751
93,298
353,049
370,519		 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

Page 7

Stump Up For Trees CIO Notes to the Accounts

for the year ended 30 June 2023

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

Income

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

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures,fittings and 33.33% straight line equipment Motor vehicles 25% reducing balance

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.

Page 9

Stump Up For Trees CIO Notes to the Accounts

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.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

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 10

Stump Up For Trees CIO Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Total
Expenditure on:
Raising funds
Charitable activities
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Donations and legacies
4
Income from charitable activities
Grants
5
Income from investments		 Unrestricted
£		 Unrestricted
funds
2022
£
156,447
-
156,447
50
32,669
32,719
123,727
123,727
123,727
91,148
214,875
Restricted
£
13,047
13,047
Restricted
£
9,770
9,770
Unrestricted
£
1,477
1,477		 Restricted
funds
2022
£
44,536
17,830		 Total funds
2022
£
200,983
17,830
62,366
-
20,824		 218,813
50
53,493
20,824 53,543
41,543 165,270
41,543 165,270
41,543
1,360		 165,270
92,508
42,903 257,778
Total
2023
£
232,907		 Total
2022
£
200,983
219,860
219,860 232,907 200,983
Total
2023
£
9,770		 Total
2022
£
17,830
9,770 17,830
Total
2023
£
1,477		 Total
2022
£
-
1,477 -

Page 11

Stump Up For Trees CIO Notes to the Accounts

6 Expenditure on raising funds

Fundraising trading costs
Fundraising costs
7
Expenditure on charitable activities
Unrestricted
£
Expenditure on charitable
activities
Landowner costs
-
Project management
33,625
Other direct costs
10,988
Salaries/ wages
13,938
Pension costs
602
Advertising
813
Bank charges
725
Governance costs
Accountancy
684
Insurance
520
Other legal and professional
386
IT and admin costs
686
62,967
8
Other expenditure
Employee costs
Legal and professional costs
9
Staff costs
Salaries and wages
Pension costs
No employee received emoluments in excess of £60,000.
Total employee benefits received by key management
personnel		 Unrestricted
£
-
33,625
10,988
13,938
602
813
725
684
520
386
686		 Unrestricted
£
50
50
Restricted
£
36,530
3,638
8,082
-
-
-
-
-
-
-
-
48,250
Unrestricted
£
8,729
11,417
20,146
2023
8,338
391
8,729
1		 Total
2023
£
50		 Total
2022
£
50
50 50
Total
2023
£
36,530
37,263
19,070
13,938
602
813
725
684
520
386
686		 Total
2022
£
7,136
40,966
-
-
-
683
563
540
556
2,546
503
62,967 111,217 53,493
Total
2023
£
8,729
11,417		 Total
2022
£
-
-
20,146 -
2022
-
-
-
-

Page 12

Stump Up For Trees CIO Notes to the Accounts

10 Tangible fixed assets

10 Tangible fixed assets
Cost or revaluation
Additions
At 30 June 2023
Net book values
At 30 June 2023
11 Stocks
Finished goods
Carrying value analysed by activities
Stock of canes and guards
12 Debtors
Prepayments and accrued income
13 Creditors:
amounts falling due within one year
Trade creditors
Other creditors
Accruals		 Fixtures,fitti
ngs and
equipment		 Motor
vehicles		 Total
£
2,650
£
-		 £
1,400
1,400
1,400
2023
£
9,200
9,200
2023
£
9,200
9,200
2023
£
4,057
4,057
2023
£
-
274		 £
1,250
- 1,250 2,650
- 1,250 2,650
2022
£
8,892
8,892
2022
£
8,892
8,892
2022
£
121
121
2022
£
8,892
-
11,632 9,816
11,906 18,708

Page 13

Stump Up For Trees CIO Notes to the Accounts

14 Movement in funds

Movement in funds
At 1 July
2022
2,830
40,073
-
42,903
188,778
26,097
26,097
257,778		 Incoming
resources
(including
other
gains/losses)
£		 Resources
expended
£		 Gross
transfers
£		 At 30 June
2023
£
1,929
8,508
7,033
Restricted funds:
Restricted income funds:
Education services
Tree Planting Donations
TNL Community Fund
Total
Unrestricted funds:
General funds
Designated funds:
Tree Planting
Total
Total funds
- (901) -
13,047 (44,612) -
9,770 (2,737) -
(48,250)
(83,163)
-
-
(131,413)
22,817 - 17,470
259,751
93,298
221,337 (67,201)
- 67,201
- 67,201 93,298
244,154 - 370,519

Purposes and restrictions in relation to the funds:

Restricted funds:
Education services Education programme
Tree Planting Donations Tree planting
TNL Community Fund To provide nursery support and access improvements
Designated funds:
Tree Planting Provision for future liabilities of tree planting

15 Analysis of net assets between funds

Fixed assets
Net current assets		 Unrestricted
funds
£
2,650
234,128
236,778		 Restricted
funds
£
-
133,741		 Total
£
2,650
367,869
133,741 370,519

Page 14

Stump Up For Trees CIO Notes to the Accounts

16 Reconciliation of net debt

Cash and cash equivalents
Net debt		 At 1 July
2022
£		 Cash flows
£		 At 30 June
2023
£
267,473 99,045 366,518
267,473
267,473		 99,045 366,518
99,045 366,518
Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
2023
2023
Land and
buildings
Other
£
£
Operating leases with expiry date:
In the second to fifth years inclusive
5,783
-
5,783
-
Pension commitments
2023
£
The pension cost charge to the charity
amounted to:
993
Unpaid contributions due to the fund are
included in other creditors and amounted to:
274		 2022
Land and
buildings
£
-		 2022
Other
£
-
- -
2022
£
-
-

17 Commitments

Page 15

Stump Up For Trees CIO Detailed Statement of Financial Activities

for the year ended 30 June 2023

Income and endowments from:
Donations and legacies
Donations and legacies
Charitable activities
Grants
Investments
Total income and endowments
Expenditure on:
Costs of other trading activities
Fundraising costs
Total of expenditure on raising
funds
Charitable activities
Landowner costs
Project management
Other direct costs
Salaries/ wages
Pension costs
Advertising
Bank charges
Governance costs
Accountancy
Insurance
Other legal and professional
IT and admin costs
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Pension costs		 Unrestricte
d funds
2023
£
219,860
219,860
-
-
1,477
1,477
221,337
50
50
50
-
33,625
10,988
13,938
602
813
725
60,691
684
520
386
686
2,276
62,967
8,338
391
8,729		 Restricted
funds
2023
£
13,047
13,047
9,770
9,770
-
-
22,817
-
-
-
36,530
3,638
8,082
-
-
-
-
48,250
-
-
-
-
-
48,250
-
-
-		 Total funds
2023
£
232,907
232,907
9,770
9,770
1,477
1,477
244,154
50
50
50
36,530
37,263
19,070
13,938
602
813
725
108,941
684
520
386
686
2,276
111,217
8,338
391
8,729		 Total funds
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
-
-
-

Page 16

Stump Up For Trees CIO Detailed Statement of Financial Activities

General administrative costs,
including depreciation and
amortisation
Depreciation of Fixtures,fittings
and equipment
Depreciation of Motor vehicles
Legal and professional costs
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 -
-
11,417
11,417
20,146
83,163
-
138,174
138,174
-
138,174
214,875
353,049		 -
-
-
-
-
48,250
-
(25,433)
(25,433)
-
(25,433)
42,903
17,470		 -
-
11,417
11,417
20,146
131,413
-
112,741
112,741
-
112,741
257,778
370,519		 -
-
-
-
-
53,543
-
165,270
165,270
-
165,270
92,508
257,778

Page 17

Signature Certificate

Reference number: 5QJTS-PHPOI-BJMQH-XVVKA

Signer

Timestamp

Signature

Andrew Erskine

Email: andrew@stumpupfortrees.org

Sent: Viewed: Signed:

Recipient Verification:

✔ Email verified

16 Apr 2024 10:48:26 UTC 16 Apr 2024 11:16:26 UTC 19 Apr 2024 08:27:33 UTC

16 Apr 2024 11:16:26 UTC

IP address: 81.159.134.110 Location: Bournemouth, United Kingdom

Mary Anderson

Email: mary@andersonsaccountancyservices.co.uk

Sent: Viewed: Signed:

Recipient Verification:

✔ Email verified

16 Apr 2024 10:48:26 UTC 19 Apr 2024 09:02:11 UTC 19 Apr 2024 09:02:54 UTC

19 Apr 2024 09:02:11 UTC

IP address: 81.133.199.4 Location: Rochdale, United Kingdom

Document completed by all parties on: 19 Apr 2024 09:02:54 UTC

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