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2025-02-28-accounts

Charity number: 1188234

STONEWOOD CAMP TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

STONEWOOD CAMP TRUST

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 4
Independent Examiner's Report 5 - 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 - 16

STONEWOOD CAMP TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 28 FEBRUARY 2025

Trustees D J Collett G I Marshall P R Eddy G M Farnfield Charity registered number 1188234 Principal office Haslers Hawke House Loughton IG10 4PL Accountants Haslers Chartered Accountants Old Station Road Loughton Essex IG10 4PL

Page 1

STONEWOOD CAMP TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025

The Trustees present their annual report together with the financial statements for the year ended 28 February 2025. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and Charities Act 2011.

Objectives and activities

a. Policies and objectives

The objects of Stonewood Camp Trust (‘SCT’) are:

The advancement in life of children and young people;

The provision or assistance in the provision of facilities and activities in the interests of social welfare for recreation or other leisure time activity for children and young people; and

To advance the Christian religion

By the provision of grants or other assistance to further the work of:

The 6th Waltham Forest Company, the Boys’ Brigade

The 7th Leytonstone Girls' Brigade Company

Other companies of the Boys’ Brigade and Girls’ Brigade in England & Wales with a preference for those in the London Boroughs of Waltham Forest and Redbridge.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

‘SCT’ Trustees undertake a regular dialogue with the beneficiaries of the objects in order to promote and encourage uptake of grants and / or other assistance offered.

c. Activities undertaken to achieve objectives

‘SCT’ Trustees continue to remind the beneficiaries of the objects and the opportunity to apply for funding, whether for events, or other means of utilising funds for facilities and activities in the interests of social welfare for recreation or other leisure time activity.

d. Grant-making policies

‘SCT’ Trustees have a blanket policy to encourage uptake of the grant provision amongst its target group of Boys’ and Girls’ Brigade companies.

Page 2

STONEWOOD CAMP TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025

Achievements and performance

a. Review of activities

During the period ‘SCT’ Trustees have continued to keep the structure and operation of the Charitable Incorporated Organisation (‘CIO’) under review and have utilised transferred funds in order to progress its’ objects.

b. Investment policy and performance

'SCT' use fund and portfolio investment managers to assist in the careful management of the funds and the provision of regular income. In order to protect funds the strategy employs a low risk income portfolio aiming for some capital growth with lower volatility of returns. There is a regular income which provides the sum of funds available to meet the objects.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

From year to year it is not intended to employ any of the portfolio investment funds in the day to day expenses of ‘SCT’ or in funding the objects.

Structure, governance and management

a. Constitution

The company is a registered charity number 1188234 set up as a Charitable Incorporated Organisation.

The principal object of ‘SCT’ is to advance charitable purpose (according to the law of England and Wales) as the Trustees see fit from time to time, in line with the ‘CIO’ objects and for its beneficiaries.

b. Methods of appointment or election of Trustees

The management of ‘SCT’ is the responsibility of the Trustees who are elected and co-opted under the terms of the ‘CIO’.

c. Financial risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 3

STONEWOOD CAMP TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ G I Marshall Chair Date: 28 November 2025

Page 4

STONEWOOD CAMP TRUST

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025

Independent Examiner's Report to the Trustees of Stonewood Camp Trust ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 28 February 2025.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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.

Page 5

STONEWOOD CAMP TRUST

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed:

Dated: 28 November 2025

Matthew Wells

ACA

Haslers Old Station Road Loughton Essex IG10 4PL

Page 6

STONEWOOD CAMP TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2025

Note
Income from:
Investments
3
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income before net gains/(losses) on
investments
Net gains/(losses) on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
43,581
43,581
24,708
24,708
18,873
68,356
87,229
1,182,739
87,229
1,269,968		 Total
funds
2025
£
43,581
43,581
24,708
24,708
18,873
68,356
87,229
1,182,739
87,229
1,269,968		 Total
funds
2024
£
48,042
48,042
12,771
12,771
35,271
(56,384)
(21,113)
1,203,852
(21,113)
1,182,739

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 16 form part of these financial statements.

Page 7

STONEWOOD CAMP TRUST

BALANCE SHEET AS AT 28 FEBRUARY 2025

Note
Fixed assets
Investments
9
Current assets
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
10
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
11
Unrestricted funds
11
Total funds		 33,306
33,306
(2,220)		 28 February
2025
£
1,238,882
1,238,882
31,086
1,269,968
1,269,968
1,269,968
-
1,269,968
1,269,968		 37,721
37,721
(2,160)		 29 February
2024
£
1,147,178
1,147,178
35,561
1,182,739
1,182,739
1,182,739
-
1,182,739
1,182,739

The financial statements were approved and authorised for issue by the Trustees on 28 November 2025 and signed on their behalf by:

G I Marshall

The notes on pages 9 to 16 form part of these financial statements.

Page 8

STONEWOOD CAMP TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

1. General information

Stonewood Camp Trust is a Charitable Incorporated Organisation (CIO) and registered with the Charity Commission. The address of the registered office is Hawke House, Old Station Road, Loughton, Essex, IG10 4PL. The principal objective of the Charity is to provide grants to local Boys' and Girls' Brigade companies.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Stonewood Camp Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

Page 9

STONEWOOD CAMP TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

2. Accounting policies (continued)

2.4 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

2.5 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.6 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.7 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.8 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

Page 10

STONEWOOD CAMP TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

3. Investment income

Unrestricted
funds
2025
£
Income from local listed investments
43,531
Interest received
50
43,581
Unrestricted
funds
2024
£
Income from local listed investments
47,974
Interest received
68
48,042
Analysis of grants
Grants to
Institutions
2025
£
LBWF & LBR Boys + Girls Brigade
2,566
Grants to
Institutions
2024
£
LBWF & LBR Boys + Girls Brigade
6,458		 Total
funds
2025
£
43,531
50
43,581
Total
funds
2024
£
47,974
68
48,042
Total
funds
2025
£
2,566
Total
funds
2024
£
6,458

4. Analysis of grants

Page 11

STONEWOOD CAMP TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

5. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2025
£
Grants provided
2,566
Professional fees
90
Bank charges
63
Investment charges
18,950
Accountancy
2,160
PI Insurance
629
Document storage
250
24,708
Unrestricted
funds
2024
£
Grants provided
6,458
Professional fees
3,106
Bank charges
5
Accountancy subscription
60
Accountancy
2,160
PI Insurance
595
LEI Registration
137
Document storage
250
12,771		 Total
2025
£
2,566
90
63
18,950
2,160
629
250
24,708
Total
2024
£
6,458
3,106
5
60
2,160
595
137
250
12,771

Page 12

STONEWOOD CAMP TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

6. Analysis of expenditure by activities

Grants provided
Professional fees
Bank charges
Investment charges
Accountancy
PI Insurance
Document storage
Grants provided
Professional fees
Bank charges
Accountancy subscription
Accountancy
PI Insurance
LEI Registration
Document storage		 Grant
funding of
activities
2025
£
2,566
-
-
-
-
-
-
2,566
Grant
funding of
activities
2024
£
6,458
-
-
-
-
-
-
-
6,458		 Support
costs
2025
£
-
90
63
18,950
2,160
629
250
22,142
Support
costs
2024
£
-
3,106
5
60
2,160
595
137
250
6,313		 Total
funds
2025
£
2,566
90
63
18,950
2,160
629
250
24,708
Total
funds
2024
£
6,458
3,106
5
60
2,160
595
137
250
12,771

Page 13

STONEWOOD CAMP TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

7. Independent examiner's remuneration

2025 2024
£ £
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts 2,220 2,160

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 28 February 2025, no Trustee expenses have been incurred (2024 - £NIL) .

9. Fixed asset investments

Cost or valuation
At 1 March 2024
Additions
Disposals
Revaluations
At 28 February 2025
Net book value
At 28 February 2025
At 29 February 2024		 Listed
investments
£
1,147,178
100,390
(55,952)
47,266
1,238,882
1,238,882
1,147,178

10. Creditors: Amounts falling due within one year

28 February 29 February
2025 2024
£ £
Accruals 2,220 2,160

Page 14

STONEWOOD CAMP TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

11. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 Gains/ 28 February
March 2024 Income Expenditure (Losses) 2025
£ £ £ £ £
Unrestricted funds
General Funds 1,182,739 43,581 (24,708) 68,356 1,269,968
Statement of funds - prior year
Balance at Balance at
1 March Gains/ 29 February
2023 Income Expenditure (Losses) 2024
£ £ £ £ £
Unrestricted funds
General Funds 1,203,852 48,042 (12,771) (56,384) 1,182,739

12. Summary of funds

Summary of funds - current year


General funds
Summary of funds - prior year
General funds		 Balance at 1
March 2024
£
1,182,739
Balance at
1 March
2023
£
1,203,852		 Income
£
43,581
Income
£
48,042		 Expenditure
£
(24,708)
Expenditure
£
(12,771)		 Gains/
(Losses)
£
68,356
Gains/
(Losses)
£
(56,384)		 Balance at
28 February
2025
£
1,269,968
Balance at
29 February
2024
£
1,182,739

Page 15

STONEWOOD CAMP TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

13. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
28 February
2025
£
Fixed asset investments
1,238,882
Current assets
33,306
Creditors due within one year
(2,220)
Total
1,269,968		 Total
funds
28 February
2025
£
1,238,882
33,306
(2,220)
1,269,968

Page 16