2024-12-31-accounts - The Foxglove Covert Foundation

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THE FOXGLOVE COVERT FOUNDATION

REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2024

Charity Commission Reference Number 1197745

Company Registered Number CE028124

Unit 4 Beckside Court Leyburn Business Park Leyburn DL8 5QA

THE FOXGLOVE COVERT FOUNDATION REPORT AND FINANCIAL STATEMENTS

Contents Statement of Assets and Liabilities Report of the Trustees Independent Examiner's Report Receipts and Payments Account Statement of Trustees' Responsibilities Legal and Administrative Information	Page
	1. 2. 3 - 4 5 6 - 7 8

THE FOXGLOVE COVERT FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Chairman: Mr P Simpson Secretary: Mr J Walker Treasurer: Mr A J Waldron Trustees: Mr A J Waldron Mr P Simpson Mr J Walker Dr M Williams Mjr N J Lancaster Accountants: Walter Dawson & Son Chartered Accountants Unit 4 Beckside Court Leyburn Business Park Leyburn North Yorkshire DL8 5QA Bankers: The Royal Bank of Scotland Holts Farnborough Branch Lawrie House Victoria Road Farnborough GU14 7NR Registered Office: Defence Training Estate North Wathgill Downholme Richmond North Yorkshire DL11 6AH

THE FOXGLOVE COVERT FOUNDATION

STATEMENT OF TRUSTEE'S RESPONSIBILITIES

Law applicable to charities in England and Wales requires the trustees to prepare receipts and payments accounts and statement of assets and liabilities for each financial year, which properly present the charity's receipts and payments for the year together with its assets and liabilities at the end of the year.

The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity and which enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Practice and the regulations made under Section 154 of the Charities Act 2011. 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.

THE FOXGLOVE COVERT FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024

The trustees present their report and the financial statements of the charity for the year ended 31st December 2024.

These financial statements are prepared in accordance with the constitution of the charitable incorporation organisation as registered on 01 February 2022: Statement of Recommended Practice and comply with applicable law.

1. Structure, Governance and Management

The charity is under the governance of its Trustees, as set out on page 1 of the Financial Statements. The day to day management of the Charity is undertaken by the Reserve Manager.

2. Objectives and Activities

The objects of the CIO are to promote, encourage and facilitate for the benefit of the public in and around Foxglove Covert Local Nature Reserve:

The conservation, protection, improvement of the physical and natural environment;
Research and learning for the advancement of knowledge in the natural sciences and
biodiversity;
Educational and social value of the environment.

When planning the activities for the year, the trustees have considered the Commission's guidance on public benefit.

3. Achievements and Performance

The Charity achieved its objectives during the year, as set out above.

THE FOXGLOVE COVERT FOUNDATION REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

4. Financial Review

All fund raising activities have continued as in previous years.

----- Start of picture text -----
Reserves policy for the Charity
Prudential balance 50,000
Staff costs 1 year/ Redundancies 75,000
Closure Costs 10,000
Special projects/ spend to save 100,000
Balancing funds for revenue budget 65,000
300,000
----- End of picture text -----

This report was approved and authorised for issue by the trustees on 18th March 2025 and signed on their behalf by:

Mr P Simpson

Chairman

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES

OF FOXGLOVE COVERT LOCAL NATURE RESERVE

I report to the trustees on my examination of the financial statements of the charity for the year ended 31st December 2024 which are set out on pages 5 to 8.

Responsibilities and Basis of Report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

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 2011 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:

(a) accounting records were not kept in respect of the charity required by Section 130 of the Act; or
(b) the financial statements do not accord with those records.

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.

Julie Young FCCA ACA WALTER DAWSON & SON

Chartered Accountants

Unit 4 Beckside Court Leyburn Business Park Leyburn DL8 5QA

18 March 2025

THE FOXGLOVE COVERT FOUNDATION RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2024

Parking Events Donations, Legacies and Grants RECEIPTS Donations Fund-raising Events and Activities Seed, Honey and Clothing Sales Adopt-a-Box Bird Boxes and Feeders Interest TOTAL RECEIPTS Trail and Field Guides MOD Grants Various Other Grants inc HLS Other Investment Income Cards, Calendars, Car Stickers and Books Fund Raising 100 Club Friends Club Gift Aid Refund Centre Hire	£ £ 1,532 1,433 50,000 1,000 53,965 557 206 85 3,480 188 - 111 974 33 392 1,305 824 8,154 11,395 73,514 2024	£ £ 5,027 1,968 60,000 12,098 79,093 1,356 150 76 3,855 399 15 141 1,207 162 5,552 283 2,309 15,505 6,300 100,898 2023

FOXGLOVE COVERT FOUNDATION RECEIPTS AND PAYMENTS ACCOUNT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

Kickstarter Employees Training Costs NET RECEIPTS FOR THE YEAR Sundries Other Costs Warden's Salary Cards, Calendars, Leaflets and Mugs Annual Rent Accountancy Site Maintenance including Trackways Insurance Postage, Advertising and Computer Advertising and website costs Cash Funds as at 1st January 2024 Cash Funds as at 31st December 2024 TOTAL PAYMENTS Bank Charges Foods PAYMENTS Cost of Fund-raising Events and Activites Ringing 100 Club Seed, Honey, Clothing and Cards Professional Fees Telephone Computer Expenses	- 70 689 759 48,494 188 48 25 1 1,472 7,352 1,383 2,658 40 16 100 - 46 340 551 62,715 63,475 10,040 341,646 351,686 2024	1,100 156 1,573 2,829 57,901 159 - 184 1 986 7,866 248 2,804 144 600 90 35 60 - 418 71,496 74,325 26,573 315,073 341,646 2023

THE FOXGLOVE COVERT FOUNDATION

STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31ST DECEMBER 2024

1. 2.	Cambridge and Counties Bank Hampshire Trust Bank Bank Deposit Accounts Royal Bank of Scotland Royal Bank of Scotland Royal Bank of Scotland STOCK Royal Bank of Scotland Cash in Hand Petty Cash Paypal Royal Bank of Scotland -Reserve Manager United Trust Bank CASH FUNDS Bank Current Accounts	£ £ 40,877 1,221 78,812 85,000 85,000 266 50,000 341,175 10,000 343 10,343 167 351,686 824 2024	£ £ 79,461 1,203 76,351 88,188 85,000 969 - 331,172 10,000 217 10,217 257 341,646 2,500 2023