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2022-12-31-accounts

REGISTERED CHARITY NUMBER: 1196954

Report of the Trustees and

Unaudited Financial Statements for the Period 6 December 2021 to 31 December 2022

for

The Tottle Woodland and Wildlife Charity

Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG

The Tottle Woodland and Wildlife Charity

Contents of the Financial Statements for the Period 6 December 2021 to 31 December 2022

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 8
Detailed Statement of Financial Activities 9

The Tottle Woodland and Wildlife Charity

Report of the Trustees

for the Period 6 December 2021 to 31 December 2022

The trustees present their report with the financial statements of the charity for the period 6 December 2021 to 31 December 2022. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the charity as set out in its governing document are to:

Public benefit

In deciding on the activities of the charity, the trustees have had due regard to the Charity Commission guidance on public benefit.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the period the charity has taken on the management of two woodlands which were transferred in from the Tottle Lifetime Trust No2.

The woodlands managed by the charity are:

Dale Top Wood- 6.5 acres of woodland in Troutsdale, North Yorkshire.

Magerik Wood- 8.5 acres of woodland in Troutsdale, North Yorkshire.

With this being the first year of managing the woodland, there has been minimal activity but this is expected to increase in future years.

Investment performance

During the period the charity received rents from its investment properties of £8,474.

FINANCIAL REVIEW

Reserves policy

The charity aims to have sufficient 'free reserves' in place to cover the cost of maintenance of the woodland and to cover running costs of the charity for 12 months. This is estimated to be around £7,500 when fully operational.

At the year end there were unrestricted reserves of £424,378, of which £411,000 was within fixed assets so the 'free reserves' of the charity were £13,378.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, its constitution and constitutes a Charity Incorporated Organisation registered with the Charity Commission of England for England and Wales.

Recruitment and appointment of new trustees

Process to Appoint Trustees

The procedures for electing or appointing new trustees is set out in section 10 of the constitution:

(1) Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.

(2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Recruiting Trustees

Appointments are made by agreement amongst existing trustees having regard to new trustees having the required expertise and experience.

Page 1

The Tottle Woodland and Wildlife Charity

Report of the Trustees for the Period 6 December 2021 to 31 December 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The charitable incorporated organisation is constituted under the foundation model where the trustees are its members. The trustees control the running of the charity and meet at least quarterly to review operations.

Induction and training of new trustees

The charity will make available to each new trustee on or before their appointment:

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1196954

Principal address

Brewer Wallace Solicitors 10 Southgate Court Southgate Hornsea East Yorkshire HU18 1RP

Trustees

Robert Grant Wallace (appointed 6.12.21) Stephen Henry Jordan (appointed 6.12.21) Dennis Malcolm Brewer (appointed 6.12.21) Chloe Rebecca Wallace (appointed 6.12.21)

Independent Examiner

Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG

Approved by order of the board of trustees on 6 June 2023 and signed on its behalf by:

R G Wallace

R G Wallace (Jun 8, 2023 12:17 GMT+1)

Robert Grant Wallace - Trustee

Page 2

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The Tottle Woodland and Wildlife Charity

Statement of Financial Activities

for the Period 6 December 2021 to 31 December 2022

Unrestricted
fund
Notes £
INCOME AND ENDOWMENTS FROM
Donations and legacies 414,658
Charitable activities
Conservation 5,000
Investment income 3 8,474
Total 428,132
EXPENDITURE ON
Charitable activities
Conservation 3,754
NET INCOME 424,378
TOTAL FUNDS CARRIED FORWARD 424,378

The notes form part of these financial statements

Page 4

The Tottle Woodland and Wildlife Charity

Balance Sheet
31 December 2022
Unrestricted
fund
Notes £
FIXED ASSETS
Tangible assets 5 134,000
Investment property 6 277,000
411,000
CURRENT ASSETS
Debtors 7 3,676
Cash at bank 13,002
16,678
CREDITORS
Amounts falling due within one year 8 (3,300)
NET CURRENT ASSETS 13,378
TOTAL ASSETS LESS CURRENT LIABILITIES 424,378
NET ASSETS 424,378
FUNDS 9
Unrestricted funds 424,378
TOTAL FUNDS 424,378

The financial statements were approved by the Board of Trustees and authorised for issue on 6 June 2023 and were signed on its behalf by:

R G Wallace

R G Wallace (Jun 8, 2023 12:17 GMT+1)

Robert Grant Wallace - Trustee

The notes form part of these financial statements

Page 5

The Tottle Woodland and Wildlife Charity

Notes to the Financial Statements

for the Period 6 December 2021 to 31 December 2022

1. LEGAL STATUS

The charity is a Charitable Incorporated Organisation registered with the Charity Commission of England and Wales. Details of the charity address and activities can be found within the Report of the Trustees.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is not provided on freehold and long-leasehold woods and land, which are considered to have a useful life of more than 50 years.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

3. INVESTMENT INCOME

£ Rents received 8,474

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 December 2022.

Page 6

continued...

The Tottle Woodland and Wildlife Charity

Notes to the Financial Statements - continued for the Period 6 December 2021 to 31 December 2022

5. TANGIBLE FIXED ASSETS
Woodland
£
COST
Additions 134,000
NET BOOK VALUE
At 31 December 2022 134,000
6. INVESTMENT PROPERTY
£
FAIR VALUE
Additions 277,000
At 31 December 2022 277,000
NET BOOK VALUE
At 31 December 2022 277,000
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other debtors 3,676
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other creditors 3,300
9. MOVEMENT IN FUNDS
Net
movement At
in funds 31.12.22
£ £
Unrestricted funds
General fund 424,378 424,378
TOTAL FUNDS 424,378 424,378
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 428,132 (3,754) 424,378
TOTAL FUNDS 428,132 (3,754) 424,378

Page 7

continued...

The Tottle Woodland and Wildlife Charity

Notes to the Financial Statements - continued for the Period 6 December 2021 to 31 December 2022

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 December 2022.

Page 8

The Tottle Woodland and Wildlife Charity

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Rents received
Charitable activities
Grants
Total incoming resources
EXPENDITURE
Support costs
Management
Insurance
Governance costs
Independent examination fees
Legal and professional fees
Total resources expended
Net income
Detailed Statement of Financial Activities
for the Period 6 December 2021 to 31 December 2022
£
414,658
8,474
5,000
428,132
333
2,400
1,021
3,421
3,754
424,378

This page does not form part of the statutory financial statements

Page 9