Charity registration number 1201792 CARSTAIRS COUNTRYSIDE TRUST CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CARSTAIRS COUNTRYSIDE TRUST CIO CONTENTS Pag8 Legal and adminislralive information Trustees, rewrt Independent 8xamine¢s report Statement of finanGial aclivilie5 Balance sheet Notes to the finanual statements 9-19
CARSTAIRS COUNTRYSIDE TRUST CIO LEGALAND ADMINISTRATIVE INFORMATION Tru$iee$ Mr I Carstairs OBE Mr N Turton DrRHABaker Mr M Walson Charlty number 1201792 Principal address Crombie Wilkinson Solicitors 19 Clifford Street York Y01 9RJ Independent examlner Frances Howard FCA Fortus Limited Bu5ine55Advi50rs and AGGounlanls Equinox Hous& Clrfton Pa Shipion Road York Y030 SPA Bankers CAF Bank Lifflited 25 Kings HIllAvenue Wesl Malling Kent ME19 4JQ Solicitors Crombie Wlkinson Clrfford House 19 Clifford Street York Y01 9RJ Land Ager Clubley5 2nd Floor 6044 Market Place Market Weighton Y043 3AL Key MHnagement Personnel Mr D Hargreaves- Operations Manager
CARSTAIRS COUNTRYSIDE TRUST CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees pseTht their annual report and financial statements forthe year ended 31 March 2025. Thè financi21 statements have been prepared in accordance with the accounting polici&s sei out in note 1 to the financial stalÈments and compty with Ihe Trust's governing document. the Charili&s Act 2011 and "Accounting 2nd Reporting by Ch2rilies.' S12tem8nl of Recommended PraclicÈ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published In Octob8r 2019" The gaI and admini$lralive information page forms part of thi8 report. Oblectlves and actlvltles The Trust's Objects are To prornole either through 115 own act or by 5UPPOrting other registered charities the conservation of the countryside and it5 wildlife in particularthe otter within the United kingdorn and more e5peGi81ty North Yotkshire. To promote either through ils own a¢1 or by Supporting other gIstered Gharities the pr¢vi$ion of fa¢ililies in the Int&sts of social w&Ware lo Ènable disabled individuÈls and the public more generally to more readily gain accÈss to and egress from the countryside with thé obi8cI of Improving their conditions of lrfe In order lo facilitate the aims expre888d in clause 2IAI and 2IBI hereof lo purchase parcels of land which are of 5ignrficance b&caus8 of their wildlife and wilhoul prejudice to the generalty of the foregoing te Indude parcels of land which are used by wildlife for their habits feeding or breeding purposes. The Trustee5 fulfil the Tru5t'5 objects by.. owning land$ of signifi¢an¢e lo the ¢onsetvation of the ¢ountry$e and it$ wilIfe, boih fauna and fltsra". managing the abov? through environmentally ben&ficial fanring., providing access where appropriate bearing in mind th& need8 of conservation and endeavouring to enhanc8 acce88 arrangements for those with disabilrty needs., acting in an advisory capauty on mallers of conservation in respect of the pLgnning 8nd other legislative processes. Increasingty the Trust collaborates with other organisalion5. 10 inGlude both charilabk and 5talulory to advance the conservation Gause in line with the GoveTnment's 25 Year Environment Plan lo reverse biodiversily1055 and lo build back n8ture. especially in area5 adjaGenl lo or fvn¢tionally linked with core wildlife $ite$. Through carrying out the requirÈments of Governmenl-backed Ènvironmèntal Stewardship schem&s covering nature, archaeological. 18ndscape and pal&oenvironmental cons8Nation. the Trust'8 manager 18 direclty awar& as to whether defin8d conseNation objectives are b8ing met and advises the Trustees accordingty. Where partularty detailed measures are involved more close scrutiny lo monitor and inform futur& courses of action is undertaken. The impacts of dimale change and more extreme unseasonal weather events have a large bearing on many of the Trust's hoklin9S. especialty on the floodplain of the River Detwenl where the overarching ¥dviTr of Natural England is readity sought and received lo optime management. In the latter case the Trustees have joine(l in a potentially cosl efFeGtive and tssk efficient Pl8n to deal with d8y-Io day tnan8gemenl needs. control gf pemiGiou5 plan15 and to undertake srnall Scale management la5k5 Such as vegetation management and maintenants of drainage channels. The Truslees Gonfirm that the Trust ha5 complied Mlh ils duty lo have due regard lo the gUBce on publiG benefft published by the Charity Commission in exercising 115 power5 and duties. Tru51ee5 believe that all the Trust's work 15 of great public benefit. Volunteer5 are key to drivin9 the ethos at the hèart of thè Trust's work. Tru$l land holdings are managed in a way lo ensure that rare and scarte habitats 2nd species are cons&rved for future genÈralions. ApproprialÈ manag&ment deliv&ts optimum opportunity for both h2bitats and species sur¥i¥al.
CARSTAIRS COUNTRYSIDE TRUST CIO TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Achlèvements and perfomlance Particular high points during the year include.. the ongoing promotion of the innovatiwe Nature Recovery tuming'Parish Polirye5 into PractiGalAGtion Model, commi55ioning of a m8tker stone memori81 to bolani5t and conservalioni5t Nan Sykes, unveiled at the Trust's site in Silpho-. ¢ollaboralion with the Friends of the Lower Detwent Valley consetvation Group over the shared acquisition gf slrip meadows and a pol&nlial &nhan(*d accÉss for Natural England's land in Seavy Carr aa of the Lower Dement Vall&y National Natu Reserv& al Thomton, co112boralion with the Church of England over joint working to establish a National Natur& Re88rv& across the river from Bishoplhorpe Palace, al Wal&r Fulford Ings., support for Craig R818ton'8 seminal publication.. R&view of th& Birds of the Lower D8rwent Valley.. commitment lo produce a companion book to the above lo record the wKle range of work undertaken by volunteers, such that their story is not lost lo history. Collaboration with Natural England, Friends of the Lower Dewent Valley Conservation Group and Deepdale Conservation Trust ower a Corncrake re-introduction prograrnme in the Lower Detwent Valley N8lion81 Nature Re5eNe. Lond Management Trustees hold a numbÈr of Environmental Stewardship agreements for which management prescriptions have been fulfilled. In a dose working relationship with Natural England. thèir senior staff with re$pon$ibilily for the Lower Derw&nl Vall&y offer technical and practical advice. In the face of th& Impacts on th8 Trust'8 Derw8nl holdings of disturbance and climate change small-8cale management tasks over an extensive range of meadows, Trustees have joined with Natur81 England and the Friends of the Lower Derwenl ValY Conservation Group lo Implement cost efteclive holistic management strategies 8nd 188ks guided by Natural England. The Trust receives advice from Natural England over the condrtion of ils designated siles The dominant conse¥110 issue in the year was the inadequaGy of the ernerging East Riding LoGal Pbn and its interpretation of it5 obligations under the Hèbitals Diredive and Regulation5 1994 which has significant ImplicatiOn5 for Safeguarding the Special interest of the Lower DeTwent Valley s internationally protected Habitats and functionalty linked lands. The Trust obtained specialist legal advice and made appropriate representations lo the fomial procèèdings ov&rwhich conclusions were awaited at the end of the year. In so far as land management 18 conc8m8d, the Trust's five Countryside Stewardship ICSI agreement8 COV8r the majorty of it8 holdings. Under these 8greernenls despite a very wel summer, various signrficant worts induding hedging, fencing and invasive speaes control were Flnanclal revl8w The Trust reported a sutplu5 Of £63.013 for the year ended 31 March 202512024. £23,330 5urplu51. Thi5 COtnPri5e5 a 5urplu5 of £63.061 on unre5trided funds12024 £27.255 5urplusl and a defiGit on re5tri¢ied funtls of £4812024". £3.925 defiGitI. Overall funds at 31 March 2025 wer& £2.668.74712024 £2,805,734). consisting of £995.297 unrestrthd funds12024". £929,237). designated funds £2,99812024". £5.9971 and £1,670,452 restricted fund812024.' £1,670.5001. The Trust pledged two condrtional grants to other registered charili&s being £10,000 to the Harold Dean Charty (Reg No.. 2668501 and £25,000 to The Deepdale ConseNation Trust. (Reg No.. 12118851. Resae$ Pollcy The Trust continues to remain indep8ndÈnl and s?-sustainln9 wrth its farming activities underpinning the delivery of conservation objectives on its holdings. Trustees regularfy review coTllmilTllenls to ensure su5tainabilty in adverse circurll5tsns. The Trust reviewed the level of financial resetves and decided that these could be reduced 5ignifiGanlly given the level of projected income lo £75.000 on which the Trust could operate without any additional income for 1 year. Free reserves at 31 March 2025 were £501,40412024'. £440.3441 sirutture, govemance and managemènt The C8rslairs Countryside Trust CIO was created on 18t Febru8ry 2023 In succe8810n to the Charitable Trust, The Carslairs Countryside Trust Icharity Reg 7022231 founded by deed dale 15 Sepl8mb8r 1989 from which il a58umed 811 rights and responsibiliti88. The Trust continues lo operate through the efforts of a small number of tru51ees supported by profession31 legal, financial 8nd property advisers. Given the modus operandi of the Trust, existing trustees are mindful of the need lo ensure that there is both continuity and susl8inability. Day-lfr(18y management of the Trusts work 15 carried out by a single employee, the Operation5 M8nager,. As a close knit team there 15 onsiderable inter8ction belween highty experienced Tiuslee5 and the Trust's Operations Manager as Golkclive speGiali51 skills are brought together lo maximutn effect in suppprt gf and benefit lo fulfilling the Trust's Objeths.
CARSTAIRS COUNTRYSIDE TRUST CIO TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Recrultmènt, appolntment, Inductlon and tralnlng of new trustees The Trust continues to operate through the efforts of a small number of Irusl88S SUPPOrted through professional advi$or8. Given the modus op&randi of th& Trust, existing trustee8 are mindful of the need to ensure that Ih&re is both continuty and su8tain8bility. We will be looking to recruit trustees when appropnate and the opporiunity aris8S. Polici8s- Goneral The CIO adopted 811 the required policies of ils predece550r, unincorporated charity prepared in response to Charty Comrni55ion advice and requirements. inGluding priority 8nli-theft and frau(1, safeguarding and He3tth and Safety and a Fin8n¢ial Reserve5 Policies. Risk management Trustees endeÈvour to Id&nlify and minimis& or remove any risks lo which the Trust may b& exposed through vigilanc& and continuous 2warÈness. Trustees also ensure that approprialÈ controls are In p12ce lo provide re8son8ble assurance against fraud and error. These policies are r8vi8wed annually. Professional ad¥is&rs a8818t in this respect. Trustee8 are content that there are no untoward threats or risks lo the Charity. Acknowledgements Thanks are tlue lo Charlolle Martin50n of Clubleys. who has acted as our land agent during the year along with Anthony Baines and Emma Campbell of Crombie Wilkin50n who acted as our 501icilors. We would also like to thank Veronica Ri(Isdale of Fortus for our awovnls and mUGh needed finanGial advice. Finalty. we reGord appreGialion lo all the famiers and Gonlractors who have worked with us throughout the year to (leliver wildlife friendly landscapes acr055 Yorkshire and also our volunteers Ju5ty Nelson. Chris Wilson. John Bell. Peter Rhodès. Jo Baker and Mathew Bakerwho helped us athieve our aims. The tru5tees' report was approved by the Board ofTrustees. Mr M Watson Trustee 2 December 2025
CARSTAIRS COUNTRYSIDE TRUST CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARSTAIRS COUNTRYSIDE TRUST CIO I report lo the trustee$ on my examination of the financial stal&ments of Carslairs Countryside Trust CIO (the Trust) for the year Ènded 31 March 2025. Responslbllltles and ba61s of report As the trustees of the Trust you are responsibk for the preparation of the finsncial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Acti. I report in respect of my examination of the Trust's financial 51alÈmenls carried out under section 145 of the 2011 Act. In carrying out my examination I have folbwed all the applicable Direclions given by the Charity Commission under section 14515llbl of the 2011 Act. Indep8ndent examiner's statsment Sin* the Tru51's gr055 income exGeede(1 £250,000 your examiner TllU5t be a rnember of a body listed in section 145 of the 2011 Act. I confirm thai i am Qualled lo undertakè the Èxamination bècaus& l am a member of ICAEW, which is one of thè listed bodies. Your attenlion 15 drawn lo the fa¢t thai the ¢harily h45 prepared finanrial statements in a¢¢ordan¢e with A¢¢ounling and Reporting by Ch8ritie5 preparing their Hccounls In accordance with the Financial Reporting Sl3nd8rd 3ppliGable in the UK and RepubliG of Ireland IFRS 1021 In preference to the Accounting and Reporting by Charities". Statement of Recommended Pradice issued on 1 April 2005 which is r8ferr8d lo in the extant regulations but ha8 now been withdrawn. understand that this has been done in order for financial statements lo pro¥h18 a true and fair view in accordance Wrth Gen8ralty Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed rny examination. I confim that no mallers have come lo my attention in connection with the examination giving rne cause to believe that in any material respect.. accounting records were not kept In respect of the Trust as required by seCtn 130 of the 2011 Act., or th8 finanaal statements do not accord with thos8 r8cords,' or the financial slalemenls do not corllpty with the applicabk requirements contrrning the foll and content of accounts set out in the Charities IAccount5 and Report51 Regulations 2008 other than any requirement that the accounts give a true and fair view which 15 not a matter considered as part of 8n indepen(lenl examination. I have no Coll5 and have come acr055 no other mallers in connection with the exarninalion to which altention should be drawn in thi5 report in order to enable a proter understanding of the finanGial slaternenls to be reached. Frances Howard FCA Fortus Limited Busines5 Advisots and A¢¢ounlants Equinox House Clifton Park Shipton Road Y030 SPA YoTk Dated". 4 OeTrmber2025
CARSTAIRS COUNTRYSIDE TRUST CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 CURRENT FINANCIAL YEAR Unrestricted Unrestricted funds fund$ Restricted funds Total Total general 2025 deslgnatod 2025 2025 2025 2024 Notes Income and endowmerts Donations and leg3Gie$ 15.813 343,879 14.899 85 2.376 4W 18.589 343,679 15.336 85 11.970 162.115 10.401 260 Investments Other Income 75 382 Totsl income 374.476 2.451 762 377.689 184.746 Expenditure Charitable a¢tivities 308.416 5.450 810 314.676 161.416 Net incominglloutgoingl 0yrGe5 before transfers 66.060 66,060 12.9991 12,9991 1481 1481 63.013 63,013 23.330 23.330 Net In¢omellexp8ndltur81 forthe year Net movement in funds 66.060 12.9991 1481 63.013 23.330 Fund balan¢e$ al 1 April 2024 929.237 5.997 1.670,500 2.605.734 2.582.404 Fund balanGe5 at 31 March 202$ 995.297 2.998 1.670,452 2.668.747 2.605.734 Thè stalÈment of financial activit*$ includes all gains and losses reeognised in IhÈ year. All in¢ome and expenditu dernfe from continuing a¢tivilies.
CARSTAIRS COUNTRYSIDE TRUST CIO STATEMENT OF FINANCIALACTIVITIES ICONTINUEDI INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 PRIOR FINANCIAL YEAR Unrestricted Unrestricted fund$ funds Restricted funds Total general 2024 deslgnatsd 2024 2024 2024 Notss Income and endowmerts Donations and leg3Gie$ 11.970 159,615 9,861 260 11.970 162.115 10.401 260 2,500 390 Investments Other Income 150 Totsl income 181.706 150 2.890 184.746 Expenditure Charitable a¢tivities 151.929 2,672 6.815 161.416 Gr055 transfers between funds Net movement in funds 29,777 12,5221 13.9251 23.330 Fund balances al 1 April 2023 899,460 8,519 1,674,425 2.582.404 Fund balance8 at 31 March 2024 929,237 5,997 1,670,500 2,805.734
CARSTAIRS COUNTRYSIDE TRUST CIO BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Noto8 Fixed assets Intangible asset5 Tangibl& assets 12 32,572 2,116,514 32.572 2,111.514 2.149,086 2.144.086 Current 8S8ets Debtors Ass&ts h&kJ for $al& 14 86.192 82.530 460,590 34.577 Cash at bank and in hand 447,169 29,312 1109.6511 481,746 120.0981 Creditor5.' amount5 falling due vlithin one year 17 Net current assets 519,861 461.648 Totsl assots less ¢urrent118bllltl8s 2,668,747 2,805.734 Income funds Restricted fund5 Unrestricted funds Designated fund5 General unrèstricted funds 18 1.670,452 1.670.500 19 2.998 995.297 5.997 929.237 998,295 935.234 2,668,747 2.605.734 The finan¢ial siatement$ wety approved by the Trustees on 2 DeceMr 2025 7th4& g Mr N Turton Trustee Mr M Wat50n Trustse
CARSTAIRS COUNTRYSIDE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charity informatson Carslairs Countryside Trust CIO Is a ch8rity registered in England and Wales. Il's registered office is clo CrornbE Wilkinson, Clifford House, 19 CIrfFord Slr8el, York, Y019RJ. Accountlng conv6nt6on The financial 5talement5 have been prepared in accordance with the Tru51's Deed of Trust, the Charities Act 2011, FRS 102 Yhe Financial Reporting Standard applicab in the UK and Republic of Ireland" l FRS 102"18nd the Ch8rilie5 SORP AGGounting and Reporting by Charities". Statement of Recommended Practite applicab lo charities preparing their accounts in a¢¢ordants with the Financial Reporting Standard applicable in the UK and Republi¢ of Iland IFRS 1021" leffectwe 1 January 20191. The Tm$t 1$ a Public Benefit Enlrty as defin&d by FRS 102. The Trust has taken advantage of th8 provisions In the SORP for Charrt$ not lo pr8pare a Statement of Cash Fbws. The financial statements have departed from the Charili&s (Accounts and Reports) RÈgu12tions 2008 only to the exlÈnl required lo provid& a true and fair view. This departure has Involv8d following th8 Statement of R8comm&nd8d Practice for charities applying FRS 102 rather than the version of the Stslemenl of Recommended practi which is referred to in the Regulations but which has since be&n withdrawn. The financial 8lal8m8nls are prepar8d in sterling, which is the functional currency of the Trust. The financial stal8ments have b8en prepar8d under th8 histori¢21 c08t convention. Th& principal accounting policies adopted are set out below. Golng concern Al the lime of approving the financial s13lemenls, the trustees have a reasonable expeclalion that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thu5 the Iruslees continue to adopt the going concem basis of accounting ID preparing the fin8ncial statement5. Charltable funds Unrestricted funds are available for use al the discretion of the trustees in furtheran* of their charilabk objective5. Oe5igDated fuDd5 are Unrestre funds eatrnarked by the trustees for particukr purposes. Restricted funds ar8 Subject io SP8cific condition8 by donors as to how they may b8 used. The purposes and use8 of the restricted funds are sel out in the notes lo the financial slalemenls. 1.4 Income Income is re¢ognised when the Trust 1$ kgally entitkd to it after any performan¢& ¢ondilion$ have been met. the amounts can be measured reliably, and it is probab that income will be received. Cash donations are r8cognised on receipt. Other donations are recognised onc& the Trust has been notified of the donation, unkss performantt conditions require deferral of the amount. Income lax recoversbk in relation to don8tKns received under Gift Aid or deeds of coveD8nl is recognised al the time of the (lonalion. Legaci&g are retnISed on rÈceipl or otherwise if the Ttust ha$ bÈ&n notified of an impending distribution. the amount 1$ known. and receipt Is expèclÈd. If the amount is not known. the legacy Is treated 2s a contingent asset. Exp8ndlture Expen(lilure is recognised once there 15 a legal or constructive obligation lo transfer economic benefrt to a third party. it 15 probable Ihat a transfer of econorniG benefits will be require(l in Settlement. and the amount of the obligation can be measured reliably
CARSTAIRS COUNTRYSIDE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 AGGovnting poliGie5 (Continued) 1.6 Intanglblo flxed a88et8 Othorthan goodwlll Intsngible a55ets acquired sep8ralety from a bu5ines5 are recogni5ed at cost and are 5ub5equeDlly measured at cost le55 aGGurnulaled atnort15ation and aGGumulated impairmenl10sses. Intangible assèts acquired on business combinations are recognised separately from goodwill al thè aequisition date where It is probable that the expected future Èconomic benefits that are allribulable lo the as88t will flow to the entity and Ihe fair valu& of the asset can be measured reliably-. the intangible ass&t arises from contractual or other legal rights.. and the Intangible assÈt 18 separable from th& entity. Amortisation 15 recognised so as to write off the Gosl or valuation of assets le55 their residual values over their useful lives on the following base5". Fishing rights TaTrgible fixed assets Tangible fixed a5set5 are initially tnea5ured al Gost and sub5equentty measured at Gosl or valuation. net of depreciation and any impaimient kn$$e$. Depreciation Is recognised so as lo write off the cost or valuation of assets less th8ir residual value8 over their u88ful lives on the following bases.. Freehold land The gain or loss arising on the disposal of an asset Is detemiined a$ the drfference betbveen the Sa proceeds and th& carrying value of the asset, and 1$ recognised In the $12t8m&nl of finanaal activities. 1.8 Impairn18nt of fixed assets At each reporting end dale. the Trust reviews the carrying amount5 of 115 tangib and intangible assets to detemiine whether Ihere is any indication that those assets havÈ suffered an impairment loss. If any such inditalion exists. the ffttov&rable amount of the asset is Èstimated in order to determine IhÈ extent of the Impaimient knss lif any). Cash and cash 8qulval8nts Cash and cash equ1¥aTrI5 include cash in hand. deposits held at c811 wlh banks, other 5hort-lerm liquid investmen15 wilh original tnaiurities of three months or le55. and bank overdrafts. Bank overdofts are shown within borrowing5 in ¢UTrenl liabilities. 1.10 FinanGial instruments The Trust has &eted lo apply the provisnS of Section 11 '8asic Finanaal Instruments, and Section 12 '0ther Financial Instruments Issu8s' of FRS 102 to all of ils financial Inslrum8nt8. Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party lo the contractual provisions of the iDslrumeDI. Financial 855els and liabilities are offset. with the nel aTnount5 presented in the financial Statements. when there is a gaI enforceab right to sel off the reGognised amoun15 and there is an intention 10 settle on a nel b0515 or 10 realise the as5el and settk Ihe liabilty 5imuttaneously Basic fin8nci418ssets Basic financial assets. which include debtors and tash and bank balances, are m&a$ured at transaction pr Including transaction C08ts. Financial ass8ts da88ffd 88 r8c8ivabk within on& year are not amortised. Baslc ftnanclal IlabllAtles Basic financial liabilities. including creditors and bank loans are recognised at Irans8Ction price. Financi81 liabilities classified a5 payable within one year are Dot 3morti5ed. Trade creditor5 are Obligatn5 to pay for goods or 5erviGe5 that have been acquired in the ordinary course of operations from suppliers. Amounts payabl& are classified as curr&ni liabilities If payment Is due wrthin one y&ar or less. If not. they are presented as non*u[nt liabilities. Trade trediiors are retognised al transadion pric¥. 10-
CARSTAIRS COUNTRYSIDE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 AGGovnting poliGie5 (Continued) D8recognltion of sln8nclal Ilabllltles Financial liabililie5 are (lerecognised when the Trust'5 Contractual obligation5 expire or are discharged or CaNld. 1.11 Taxation The chÈnly 1$ exempl from lax on income and gains falling within sedion 505 of the Taxes Act 1988 or sedion 252 of the Taxation of Charge8ble Gains Act 1992 to the extent that thÈse are applied lo its Charitab objects. 1.12 Employee benefits The cost of any unu58d holiday enlrtkmenl is recognised in the period in which the employee's $8rvice5 are received. Temiinalion benefits are recogni5ed immedialety as an expense when the Trust is demon5trsbty comrnitted to lerminale the employment of an employee orto provide termination benefits. 1.13 Retirement benefits Payments to defined ¢ontribulion retirement benefit s¢hemes are ¢harged as an exp&n$e as they fall due. CritsGal aGGounting estimate5 and judgerner In ItTre 8pplication of the Tru5t'5 accounting policie5. the trustees are require(I to make judgements. eslimales and 855urnplion5 about the carrying ètnount of assets and liabilities thai are not readity apparent from other sources. The esiimales and associated as$urnption5 are based on historiGal experEnGe and other f3Glors Ihal ale Conse[e lo be reVant. AGlual results tnay differ from these Èstimates. The &stim8tes 2nd und&rfying assumptions are review8d on an ongoing basis. R8visions lo accounting eslimale8 ar8 recogni88d in th& period in which the estimate is revised wh8r8 the revision aff8cls onty that period, or in the period of th8 revision and future periods where the revision affects both current and future periods. Donations and legacies Unrestrlcted Unrestrlcted Restrlcted Total Unrestrlcted fund5 funds fund5 fund5 general 2025 designated 2025 yeneral 2024 2025 2025 Donations and gifts Legacies receivable Grants receivable 1,188 400 1.588 2.378 14,625 2,378 11.970 14,625 15,813 2,378 400 18.589 11.970
CARSTAIRS COUNTRYSIDE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 charable actlvltles Charftsble Charltablo activities 2024 2025 Stewardship Licences, rent and wayleaves Basic payment scheme 285,184 32,482 26,013 97.333 30.297 34.485 343,679 162,115 Anaty$i5 by fvnd Unre8tricl8d funds- general Restricted fund5 343,679 159.615 2.500 Investments Unr8Strlctsd Unrestrlcted Restrlcted Total fund5 fund5 lund5 general 2025 deslgnated 2025 2025 2025 Interest recewable 14.899 75 362 15.336 Unwtri¢ted Unmtri¢ted funds funds general designated 2024 2024 Restricted funds Totsl 2024 2024 Interest r8cÈniable 9,861 150 390 10.401 0th8r Income Unrestrlcted Unrestrlcted funds general 2025 funds general 2024 Sundry income 85 260 12-
CARSTAIRS COUNTRYSIDE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 charable actlvltles Charitable expenditurÈ 2025 siaff costs Toial 2025 Charitable expendit4Jre 2024 Staff ¢osts Total 2024 2025 2024 Staff costs Hire of plant and machinery Drainage rates and water Insurance R8P8irs and maintenance Subscriptions Land agent's feès Trusl*s' exp&nses Legal fees Other sp8cialisl fees Staff and volunteer expenses Printing expenses Aerial and other photography Website ¢ost$ Irrecoverabk VAT Bank Gharges other chari12ble Èxpenditure 44.273 44,273 29,619 2,585 3,278 204,204 43,300 43.300 29,819 2,585 3,278 204,204 2.466 3.024 67.982 632 963 2.466 3.024 67.982 632 963 3,544 1,242 733 4,817 3,544 1,242 733 4,817 1.062 15.669 5.900 1.062 15.669 5.900 7,022 2,010 7,022 2,010 4.990 463 4.990 463 1,320 145 2,276 107 1,796 1,320 145 2,276 107 1,796 1.600 120 4,848 95 1.600 120 4.848 95 266.009 44.273 310,282 109.814 43,300 153.114 Grant funding of activitie5 (see note 81 Shar& of governance c08ts (see not8 91 5.000 5.000 4,394 4,394 3.302 3.302 270,403 44.273 314,676 118.118 43,300 161.416 Anaty$i$ by fvnd Unre8tricl8d funds- general Unrestricted funds- designated Restricted funds 284,143 44,273 308,416 108,629 43,300 151.929 5,450 810 5,450 810 2.672 6.815 2.672 6.815 270.403 44.273 314,676 118.116 43,300 161.416 Grants payable Charltsble expendlture 2024 Gmnls to inslitution$-. North Yorkshire Moor8 A880cialion 5.000 13-
CARSTAIRS COUNTRYSIDE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Support Costs Support costs Governance costs 2025 2024 Independent examination fee 4.394 4.394 3.302 4.394 4.394 3.302 Analysed between Charitable activities 4,394 4,394 3.302 10 Trustses There were no trustees, remuner8tien or other benefrts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Expenses In the surn of £1,242 12024.. £1.0621 have been reirllbur5ed lo two Iruslees 12024.. two) during the year. These reimbursernenls are in respect of travel. postage. 5talionery and sundry expenditure incurred by the Iruslees in the running of the Trust. At the year end £139 (2024 £2281 wa5 ou15tanding During th& year one trustee loaned the Trust £14,OM12024.- £nill, which was fully repaid during the year. 11 Employee5 The average number of empbyee5 during the year was". 2025 2024 Number Numb&r Employment Gosts 2025 2024 IIWdge$ and salaries Other p&nsion costs 42.299 1.974 41.326 1.974 44.273 43.300 There were no ernployees whose annual remuneration was more than £60.000. 14-
CARSTAIRS COUNTRYSIDE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Intsnglble fixed assets Fishing Tights Cost Al 1 April 2024 an(131 March 2025 32.572 Amortlsatlon and Impalmi8nt At 1 April 2024 aD(131 March 2025 Carrying amount At 31 Mar¢h 2025 32.572 At 31 March 2024 32.572 Tangible fixed assets Freehold land Cost At 1 April 2024 Additions 2.111.514 5.000 At 31 March 2025 2.116.514 Carrying amount At 31 MarGh 2025 2.116.514 At 31 March 2024 2.111.514 14 Debttsrs 2025 2024 Amounts falling due wthin one year.. Trade debtors other debto 8.619 23.841 53.732 1.560 5.130 27.887 Prepaymen18 and accrued income 86.192 34.577 15 Assets held for sal8 Ouring the y&ar the Trust purchased land with the financi81 support of the Friends of Lower D8rw&nl Valley. In order to r8p8y the loan of £80,601, the Trust will transfer a portion of the land purchased lo the Friends of Lower D&rwent Valley. The value of the land lo be transferred is £82,530. 15-
CARSTAIRS COUNTRYSIDE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 16 Loans and overdrafts 2025 2024 Other loan5 80.601 Payable within one year 80.601 Carslairs Countryside Trust CIO has agreed an inter8sI-free loan of £80.601 from the Fri8nds of Low8r Derwenl Vall8y to f8cilitale the purchase of18nd. Post completion an agreed section of the land will be transferred lo the Friends of Lower Depwenl Valley by way of extinguishing the loan. 17 Cr8dltor8.' amounts falllng due wlthln on6 year 2025 2024 Borrowings Other creditors Accruals and deferred income 80.601 2.685 26.365 8,241 11.857 109.651 20.098 16-
CARSTAIRS COUNTRYSIDE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 18 Restrlcted funds The in¢otne funds of the ¢harily inGlude restrithed funds comprlg the following unexpended balances of donations and grant$ held on trust forspecrfic purposes-. Movement in fund$ Income Balanc8 at 1 April 2024 Expendlture Transfers Balanco at 31 March 2025 Land Con5er¥ancy Fund LOT Fund- Skipwith Collingwith Lock Pastures Hearts and Minds Project 1.655.193 9.943 3.083 2.281 1.855.193 10.178 3.162 1.919 235 79 448 18101 1.670.500 762 1.e70.452 Movement in fund5 Income Expenditure Balanc8 at 1 Aptll 2023 Transfers 8alanc8 at 31 March 2024 Land Conservancy Fund LOT Fund- Skipwith Cotlingwith Lock Pastures Heart5 and Minds Project 1.655.193 9.733 2,975 6.524 1.855.193 9.943 3.083 2.281 210 108 2,573 16.8161 1.674.425 2,891 16.8161 1.870.500 Restricted funds represent monES lo be used for the following specrfic puOse5.. Land Conservancy Fund The Trust identifie5 land for the Land ConseTvancy Fund that it fee15 meet ils Griteria for ongoing environmental conservation. StEcific funds are raised lo purchase the land. The Trust'5 8im is lo keep or return land in a way that will maintain andlor enhance the floo and faun) or other feature5 of countryside ¢on$ew31ion interest forthe benefit of future generations. Light OvAerTrust {SkipthI Tr& charity holds r8s1rict8d funds which are to be Spent lo furth8r nature conservation on Skipwith Common al the behest of and approv81 by Natural England. COttingth Lock Pastures Grant funding recewed frorn Natural England towards the c05t of practical works al Cottingwilh Lock Pastures. The transfer reL91es to staff costs incurred on the project in the year. Heart5 and Minds Project Grtnl funding reiVed from Natural England towards the c05t of a Small Heart5 and Mind5 ProjeGI in connedion with the Lower Derw&ni Valley National Natur& Reserve. Hearts and Minds is to encourag& natur& recovery and r&spect of the need of the wildlrf of the intemational Importance of the low&r Derwent Valley. 17-
CARSTAIRS COUNTRYSIDE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 19 Deslgnated funds The incotne fund$ of the Gharity inGlude the following design3led funds which have been sel aside out of unre$triGled funds by the trustees for speclt purpos&s-. Movement in fund$ Income Balanc8 at 1 April 2024 Expendlture Transfers Balanco at 31 March 2025 Sykes legacies fund 5.997 2,451 15.4501 2.998 5.997 2,451 15.4501 2.998 Movement in fund5 Income Expèndlture Balance at 1 Aptll 2023 Transfers Balancè at 1 Aprll 2024 Sykes legacies fund 8.519 150 12.6721 5.997 8,519 150 12,6721 5.997 Sykes legacies fund The Iruslees designated the g3CleS received from Mary and Denni5 Sykes to be spent on projects in the Lower Detwent Valley which w85 well known to both donors. Analysi5 of net assets betsveen fund5 Unrestrlcted tunds 202S Deslgnated funds Restricted tunds Totsl 2025 2025 2026 Fund balanc88 al 31 March 2025 are represented by.. Intangible fixed asset5 TaThg1b assets Current asselsllliabililies) 32.572 461.321 501,404 32.572 2.116.514 519.661 1.655.193 15,259 2,998 995,297 2,998 1.670.452 2,868.747 UtrI¢t¢d funds Designated Restricted lunds Totsl 2024 2024 2024 2024 Fund balancwts al 31 March 2024 are represented by.. Intangible fixed asset5 Tangib assets Current asselsllliabilitEsI 32,572 458.321 440,344 32.572 2.111.514 461.648 1.655.193 15,307 5,997 929.237 5.997 1.670.500 2.805.734 18-
CARSTAIRS COUNTRYSIDE TRUST CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 21 Flnanclal commltments, guarantees and contlngent Ilabllltles The Trusi pledged Iwo conditional grants lo other registered rharities being £10,000 to the Har0 Dean Charity (Reg No". 2668501 and £25,000 to The Deepdale Conservation Trust. (Reg No." 12118851. Related party tranSal•n$ There were no di5Glosable related party IransaGtion5 during the year 12024. nonel. 19-