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2024-12-31-accounts

Independent Examiner’s Report to the Trustees of Offa's Dyke Assocation

For the year ended 31st December 2024

I report to the Trustees on my examination of the accounts of Offa's Dyke Assocation (the CIO) for the year ended 31st December 2024, which are set out on pages 12 to 22.

Respective Responsibilities of Trustees and Examiner

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

Independent Examiner’s Statement

I have completed my examination. I 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:

  1. Accounting records were not kept in respect of the Charity as required by section 130 of the 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 the 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.

D E Hutchinson

Date: 3[rd] October 2025

Davina Hutchinson ACMA Garden Cottage Brynwern Hall Llanfihangel Brynpabuan Builth Wells LD2 3SE

Statement of Financial Activities

For the year ended 31st December 2024

Restricted Unrestricted 2024 Total 2023 Total
£ £ £ £
Income from
Grants & donatons2 - 4,702 4,702 2,564
Charitable actvites3 - 7,134 7,134 7,667
Trading actvites - 30,932 30,932 27,936
Investments - 18,901 18,901 10,266
__ __ __ __
Total income - 61,669 61,669 48,433
__ __ __ __
Expenditure on
Charitable actvites - 20,856 20,856 17,573
Trading actvites - 15,856 15,856 15,098
Governance costs - 948 948 1,452
__ __ __ __
Total expenditure4 - 37,660 37,660 34,123
__ __ __ __
Net income/(expenditure) - 24,009 24,009 14,310
__ __ __ __
Transfers between funds (350) 350 - -
__ __ __ __
Net movement in funds5 (350) 24,359 24,009 14,310
Reconciliaton of funds
Transferred from Ofa’s
Dyke Associaton charity no.
503821 - - - 416,109
Balance brought forward 97,914 332,505 430,419
__ __ __ __
Total funds carried forward 97,564 356,864 454,428 430,419
======== ======== ======== ========

Statement of Assets and Liabilities

For the year ended 31st December 2024

For the year ended 31st December 2024
2024 2023
£ £
Fixed Assets
Tangible assets8 280 280
__ __
Current Assets
Stock 5,375 4,543
Debtors9 402 -
Cash at bank and in hand 448,371 425,596
__ __
454,148 430,139
-
Liabilites
Creditors: amounts falling due within 1 year10 - -
__ __
Net Current Assets 454,148 430,139
__ __
Net Assets11 454,428 430,419
======== ========
Funds12
Restricted funds 97,564 97,914
Unrestricted funds:
Designated funds 48,571 49,430
General funds 308,293 283,075
__ __
Total Charity Funds 454,428 430,419
======== ========
Approved by the Trustees on 3rdOctober 2025 and signed on their behalf by:

David McGlade

Chairman Offa’s Dyke Association CIO

Notes to the Financial Statements

For the year ended 31st December 2024

1 Accounting Policies

a Basis of preparation

Offa's Dyke Assocation 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 note.

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity’s ability to continue as a going concern.

c Income

Income from the government and other grants, whether “capital” grants or “revenue” grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income from commissions, or fees, is recognised when earned and is deferred when received in advance.

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable

and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services and facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. These costs have been allocated between expenditure on charitable activities and trading activities based on the following:

Staff costs have been split 40% charitable activities & 60% trading activities

Support costs have been split 85% charitable activities & 15% trading activities.

i Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life.

The depreciation rates in use are as follows:

(Transferred asset) Long leasehold 2% reducing balance ceasing in year ended 31[st] December 2008 when fully impaired

(Transferred asset) Fixtures and fittings 34% reducing balance ceasing in year ended 31[st] December 2010 when NBV reached £280.

j Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k Cash at bank and in hand

Cash at bank and cash 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.

l Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m

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 recognised at amortised cost using the effective interest method.

n

Accounting estimates and key judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from the other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates are underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect

on the amounts recognised in the financial statements are depreciation as described in note i. above.

2 Income from Grants and Donations

Restricted Restricted Unrestricted Unrestricted 2024 2023
£ £ £ £
-
Donatons - 3,354 3,354 1,478
Kay Trust - - - 339
Just Giving Fund - - - 53
Gif Aid - 659 659 194
Mid Countes - 500 500 500
Other grants - 189 189 -
__ __ _ _
Total grants & donatons - 4,702 4,702 2,564
======== ======== ======= =======
3 Income from Charitable Actvites
Restricted Unrestricted 2024 Total 2023 Total
£ £ £ £
ODP Passport - 507 507 1,049
Subscriptons - 6,627 6,627 6,618
__ __ __ __
Total income from charitable
actvites - 7,134 7,134 7,667
======== ======== ======== ========

4 Total Expenditure

Charitable Trading Support Total Total
Actvites Actvites Costs 2023 2022
£ £ £ £ £
Purchases - 6,178 - 6,178 6,385
Salaries 5,041 7,562 - 12,603 11,061
Rent - - 3,469 3,469 3,469
Rates & water - - 181 181 198
Insurance - - 902 902 848
Light & heat - - 1,965 1,965 1,854
Repairs - - 52 52 1,296
ODP Passport 472 - - 472 7
Telephone - - 395 395 370
Post & statonery - - 893 893 688
Fire & security - - 1,354 1,354 54
Cleaning - - 477 477 659
Subscriptons - - 186 186 133
Membership & printng - - 419 419 792
Accountancy & payroll - - 2,052 2,052 1,392
Website - - 220 220 390
Ofa’s Dyke 632 - - 632 1,372
IT - - 670 670 315
Bank charges - - 873 873 1,389
Conservaton expenditure 2,719 - - 2,719 -
__ __ __ __ __
Total expenditure 8,864 13,740 14,108 36,712 32,672
======== ======== ======== ======== ========
Support costs allocaton 11,992 2,116 (14,108)
------------ ------------ ------------
Per SOFA 20,856 15,856 -
======== ======== ========

5 Net Movement in Funds - this is stated after charging:

2024 2023
£ £
Depreciaton - -
Loss on disposal of fxed assets - -
Operatng lease payments - -
Trustees’ remuneraton - -
Trustees’ reimbursed expenses 548 923
Independent examiner’s remuneraton 400 529
======== ========

6 Staff Costs and Numbers – staff costs were as follows:

2024 2023
£ £
Salaries and wages 12,603 11,061
Social security costs - -
Pension costs - -
__ __
12,603 11,061
======== ========
No employee earned more than £60,000 during the year.
2023 2022
Average head count (all staf are part-tme) 3 3
======== ========

7 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

8 Tangible Fixed Assets transferred from Offa’s Dyke Association (503821)

Fixtures &
Fitngs Total
£ £
Cost
At 1stJanuary 2024 3,796 3,796
Additons in year - -
Disposals in year - -
__ __
3,796 3,796
__ __
Depreciaton
At 1stJanuary 2024 3,516 3,516
Charge for year - -
On disposals - -
__ __
3,516 3,516
Net Book Value
At 31st December 2024 280 280
======== ========
NBV 31stDecember 2023 280 280
======== ========

9 Debtors

9 Debtors
2024 2023
£ £
Trade debtors 402 -
__ __
402 -
======== ========

10 Creditors: amounts due within 1 year

10 Creditors: amounts due within 1 year
2024 2023
£ £
Trade creditors - -
Accruals - -
__ __
- -
======== ========
11 Analysis of Net Assets Between Funds
Restricted Designated General Total
Current Year Funds Funds Funds 2024
£ £ £ £
Tangible fxed assets - - 280 280
Current assets 97,564 48,571 308,013 454,148
Current liabilites - - - -
__ __ __ __
Net assets 31 Dec 2024 97,564 48,571 308,293 454,428
======== ======== ======== ========
Restricted Designated General Total
Prior Year Funds Funds Funds 2023
£ £ £ £
Tangible fxed assets - - 280 280
Current assets 97,914 49,930 282,295 430,139
Current liabilites - - - -
____ ____ ____ ____
Net assets 31 Dec 2023 97,914 49,930 282,575 430,419
======== ======== ======== ========

12 Movement in Funds

12 Movement in Funds
Current Year At 1 Jan Transfer At 31 Dec
2023 Income Expenditure funds 2024
£ £ £ £ £
Restricted Funds
Ernie Kay Legacy 97,564 - - - 97,564
Bench Legacy 350 - - (350) -
------------ ------------ ------------ ------------ ------------
Total Restricted Funds 97,914 - - (350) 97,564
__ __ __ __ __
Unrestricted Funds
Designated Funds
Conservaton Fund 9,430 1,860 (2,719) - 8,571
Contngency Fund 40,000 - - - 40,000
__ __ __ __ __
Total Designated Funds 49,430 1,860 (2,719) - 48,571
__ __ __ __ __
General Funds 283,075 59,809 (34,941) 350 308,293
__ __ __ __ __
Total Unrestricted Funds 332,505 61,669 (37,660) 350 356,864
__ __ __ __ __
Total Funds 430,419 61,669 (37,660) - 454,428
======== ======== ======== ======== ========

13. Operating Lease Commitments

The charity had operating leases at the year end with total future minimum

lease payments as follows:

lease payments as follows:
2024 2023
£ £
Amount falling due: - -
Within 1 year - -
In more than 1 year - -

======== ========

14. Related Party Transactions

There were no related party transactions in the current or prior period

Trustees’ Annual Report for the period

From: 1[st] January 2024 Period start date To: 31[st] December 2024 Period end date

Charity name: Offa’s Dyke Association

Charity registration number: CIO 1203068

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document
Para 1.17 To promote the conservation of Offa’s
Dyke and the general public’s
understanding and enjoyment of it
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.
Para 1.17 and
1.19
Provision of free-to-enter visitor centre
with Offa’s Dyke interpretive displays;
reference library; public outreach and
education; active member of the Offa’s
Dyke Conservation Partnership;
ownership and management of own
conservation fund and the Offa’s Dyke
Path walkers’ passport scheme.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit
Para 1.18 Trustees fully understand their
responsibility to deliver the ODA’s
charitable object for public benefit, and
nothing else.

Additional information (optional) You may choose to include further statements where relevant about:


SORP reference
Policy on grant making Para 1.38 Modest grants are considered from the
ODA’s conservation fund for projects that
support the long-term conservation of
Offa’s Dyke. Charitable funds are not
used to fund projects or tasks that would
otherwise be exchequer funded. Sales of
walkers’ passports support the
conservation fund and trustees may at
their discretion transfer funds from the
general reserve into the conservation
fund. Conervation projects may also be
funded from the general fund.
Policy on social investment
including program related
investment
Para 1.38 Not applicable.
Contribution made by
volunteers
Para 1.38 The Offa’s Dyke Centre could not
function without the vitally important
contribution of volunteers. Two
volunteers currently piloting condition
monitoring photos of Offa’s Dyke. The
CIO wants to develop this scheme
further.
Other

Achievements and Performance

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.
SORP reference
Para 1.20 The ODA is in a unique position. It is the
only organisation in England and Wales
with a brief for the full length of Offa’s
Dyke in both countries. It can take a long-
term view and independently promote
view points and messages that further
the conservation and sustainable use of
the monument.
The Offa’s Dyke Centre presents the only
interpretive displays on the Dyke to be
found in England and Wales or anywhere
else in the UK. The displays will from
time-to-time be refreshed to reflect
current research and ideas. (In 2025 the
CIO is work-in-progress to publish Easter
2026 a bi-lingual book to accompany the
exhibition. There will be a charitable
distribution of the book to selected
schools and libraries).

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against
objectives set

Para 1.41

A highlight in 2024 was the joint ODA /
Offa’s Dyke Collaboratory public
conference held in June in Wrexham.
Funded by the ODA it was attended by
over 50 delegates and presented the
scope of the ODA’s work to a largely new
audience.
In 2024, alongside Gloucestershire
County Council Countryside Unit, the
ODA continued to work up the Sedbury
conservation project. (This continued
into 2025 with furtrher phases planned in
2026 and beyond).
One of the ODA’s contributions to the
Offa’s Dyke Conservation Project is to
make the Offa’s Dyke Centre available for
meetings, storage and so on. Several
steering group meetings were held at the
Centre and the Conservation Project
Officer is now a keyholder.
The Centre itself opened to the public as
planned between Easter and the end of
October.
The 2024 members’ AGM was the first
hybrid meeting to be held using video
links.
Trustees spoke to several organisations
visiting the Centre and the Chairman
travelled to talk to an archaeology group
in north Wales.
Finally in 2024 the decision was made,
instead of producing twice yearly
newsletters, to publish instead a larger
format Annual Review more focused on
the delivery of the CIO’s charitable
object. This format better presents the
CIO’s achievements to the Commission,
potential funders, government agencies
and so on.
Performance of fundraising
activities against objectives
set
Para 1.41 Donations, especially car parking
donations, were satisfactory and on a par
with previous years. Pledged
sponsorship towards the cost of
translating the forthcoming exhibition
book is expected to be received in late
2025 / early 2026.
Investment performance
against objectives
Para 1.41 The CIO made a surplus for the year
refectng the fact that our reserves are
now properly invested.
Other

Financial Review

Review of the charity’s
financial position at the end
of the period
Para 1.21 The CIO is in a healthy financial position.
New accounting software (XERO) enables
trustees to make informed decisions in a
timely way.
Statement explaining the
policy for holding reserves
stating why they are held
Para 1.22 Reserves policy: To generate and
maintain sufficient reserves to enable the
ODA to deliver its charitable objectives
Amount of reserves held Para 1.22 At year end the total reserves were
£454,428
Reasons for holding zero
reserves
Para 1.22 N/A-
Details of fund materially in
deficit
Para 1.24 None
Explanation of any
uncertainties about the
charity continuing as a going
concern
Para 1.23 None identified at present. Potential
uncertainty would arise through a
significant long-term reduction in
membership income, donations, Gift Aid,
investment and retail income

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)
Para 1.47 Membership subscription / donations;
other donations; Gift Aid; advertising
income; investment income; Offa’s Dyke
Centre and online shop retail income.
Investment policy and
objectives including any
social investment policy
adopted
Para 1.46
A description of the principal
risks facing the charity
Para 1.46 None identified at present. Potential
principal risks include the cost of running
the Offa’s Dyke Centre becoming
unsustainable; and a significant drop in
income from memberships, donations,
advertising and investment income.
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)
Para 1.25 Charity Commission template for
Charitable Incorporated Organisation
How is the charity
constituted?
(e.g unincorporated
association, CIO)
Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees
Para 1.25 Trustees are required to offer relevant
skills and experience to fill required skill
sets.

Additional information (optional) You may choose to include further statements where relevant about:


Policies and procedures
adopted for the induction and
training of trustees

Para 1.51

Contents of CC guidance ‘The essential
Trustee – what you need to know, what
you need to do’ is explained to trustees.
They then study and sign the CC
Trustees Eligibility Declaration form.
Periodic advice updates from the CC are
circulated to trustees
The charity’s organisational
structure and any wider
network with which the
charity works
Para 1.51 The ODA’s organisational structure could
be described as a flat pyramid.
The executive decision making body is
the Board of Trustees. Day-to-day
decisions, mostly concerning the
operation of the Offa’s Dyke Centre, are
made by the Chairman David McGlade
who lives local to the Centre. He also
represents the ODA on the Offa’s Dyke
Conservation Project steering group. In
between Board meetings he regularly
circulates updates and proposals to
trustees and, where specific advice is
required, he liaises with them
individually.
Relationship with any related
parties
Para 1.51
Other

Reference and Administrative details

Charity name Ofa’s Dyke Associaton
Other name
the charity
uses
Registered
charity
number
CIO 1203068
Charity’s
principal
address
Offa’s Dyke Centre
West Street
Knighton
LD7 1EN

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
Trustee name Office (if any) Dates acted if not for whole
year
Name of person (or body) entitled
to appoint trustee (ifany)
David McGlade Chairman Trustees elected at meeting
of Board of Trustees
ShirleyMcGlade Secretary
Bruce Cutts Treasurer
Melanie Roxby-
Mackey
Ian Mackey
Simon Rixon
Dan Llywelyn Hall
Thomas Banks Resigned 22/06/2024
Matt Thompson Resigned 22/06/2024

11 12 13 14 15 16 17 18 19 20

– Corporate trustees names of the directors at the date the report was approved Director name None

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
None

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity
None
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects
N/A
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets
N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) addresses of advisers (Optional information)
Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

None

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) David McGlade

Position (eg Secretary, Chairman Chair, etc)

Date

3[rd] October 2025