## **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
2
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.
3
## 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.
4
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
5
## 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
6
## 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|
|---|---|---|
7
## 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|
|---|---|---|
8
## 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|
|---|---|---|---|
9