Trustees’ Annual Report for the period
From: 1[st] January 2025 Period start date To: 31[st] December 2025 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; funding of conservation works to the monument. |
| 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 | Grant funding is 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 | Not applicable. The ODA has no |
| including program related investment |
Para 1.38 | borrowings, and does not intend to do so. It is entirely self-funded. |
|---|---|---|
| Contribution made by volunteers |
Para 1.38 | The Offa’s Dyke Centre could not function without the vitally important contribution of volunteers. One volunteer is currently piloting condition monitoring photos of Offa’s Dyke. In 2026 the CIO intends appointing a volunteer coordinator to recruit and train volunteers to establish a monument wide monitoring scheme. |
| Other |
Achievements and Performance
| formance | |
|---|---|
| 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 spring 2026 the CIO will publish a bi-lingual book to accompany the exhibition. There will be a charitable distribution of the book to selected schools and libraries, part funded by grant funding from the Mid-Counties Coop. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | A highlight in 2025 was the second meeting of the Offa’s Dyke / Hadrian’s Wall standing conference. The October conference, which met over three days on Hadrian’s Wall, saw staff from Northumberland National Park impart to representatives from Cadw, Historic England, the Offa’s Dyke Conservation Project and the ODA, amongst others, their expertise in heritage site management. The conference was |
established by the ODA in 2024 and it will meet again in april, this time on Offa’s Dyke. In partnership with Gloucestershire County Council Countryside Unit, the ODA continues to develop the Sedbury conservation project. Areas of scrub clearance will be extnded in 2026 and what is now routine grassland management to the crest of the monument will continue. The ODA is to fund a people counter, to be managed by Glos CC. One of the ODA’s contributions to the Offa’s Dyke Conservation Project (ODCP) 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 ODA intends funding people counters for use along stretches of Offa’s Dyke where the ODCP Officer has enacted works to the monument.
The Centre itself opened to the public as planned between Easter and the end of October.
The 2025 members’ AGM was the second hybrid meeting to be held using video links.
Trustees spoke to several organisations visiting the Centre including Brigham Young University and Farlow Primary School. The Centre also hosted a meeting of Cardiff / Manchester universities Leverhulme Trust funded Making the March project
Performance of fundraising activities against objectives Para 1.41 set
The publication in 2025 of the new format Annual Review was very well received both by members and with wider audiences. In focusing on the delivery of the CIO’s charitable object it better presents the CIO’s achievements to the Commission, potential funders, government agencies and so on. Donations, especially car parking donations, were satisfactory and on a par with previous years. Baucud Housing Association has agreed to grant fund a contribution towards the cost of translating the spring 2026 publication of
| the exhibition book. | ||
|---|---|---|
| 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
| 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. Accounting software (XERO), introduced on 1st January 2025, has streamlined and improved the ODA’s book keeping and enables trustees to make more 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 £469,908.15 |
| 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 | The new CIO opened four new bank accounts. It was satisfiedn that all had responsible social, environmental and ethical policies. The Coop bank describes itself as the ‘ethical bank’ and two of the banks where the ODA has funds in bonds are part owned by local authority pension funds. CCLA is a long established ethical investment management firm. |
| 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. Trustees are reminded at every Board meeting that they must be satisfied that the CIO is acting and spending funds solely for the public benefit. |
|---|---|---|
| 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 ODCP steering group (soon to be joined on the group by new in 2025 trustee Christopher Ledbury). 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 | The ODA does not have any formal or informal relationships with other charities. Through its membership of the ODCP steering group it has developed professinal relationships with government departments and agencies: Cadw, Historic England, Natural England and Natural Resources Wales. The ODA recognises that in the event of a conflict of interest it may need to withdraw from as discussion. |
|---|---|---|
| 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 11 12 |
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 |
||
| Shirley McGlade | Secretary | |||
| Bruce Cutts | Treasurer | |||
| Melanie Roxby- Mackey |
||||
| Ian Mackey | ||||
| Dan Llywelyn Hall | ||||
| Thomas Banks | ||||
| Simon Rixon | Resigned 10thMay 2025 | |||
| Alan Davies | Resigned 10thMay 2025 | |||
| Keith Ray | Co-opted 14thSeptrember 2025 | |||
| Christopher Ledbury | Co-opted 14thSeptrember 2025 | |||
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 None held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser None
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 William McGlade Position (eg Secretary, Chairman Chair, etc) Date 10[th] February 2026
Independent Examiner’s Report to the Trustees of Offa's Dyke Association
For the year ended 31st December 2025
I report to the Trustees on my examination of the accounts of Offa's Dyke Association (the CIO) for the year ended 31st December 2025, which are set out on pages
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:
-
Accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
The accounts do not accord with those records; or
-
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:
Davina Hutchinson ACMA Garden Cottage
Brynwern Hall
Llanfihangel Brynpabuan
Builth Wells LD2 3SE
Statement of Financial Activities
For the year ended 31st December 2025
| Restricted | Unrestricted | 2025 Total | 2024 Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Income from | ||||
| Grants and donations2 | - | 3,970 | 3,970 | 4,702 |
| Charitable activities3 | - | 4,856 | 4,856 | 7,134 |
| Trading activities | - | 32,993 | 32,993 | 30,932 |
| Investments | - | 17,931 | 17,931 | 18,901 |
| __ | __ | __ | __ | |
| Total income | - | 59,750 | 59,750 | 61,669 |
| __ | __ | __ | __ | |
| Expenditure on | ||||
| Charitable activities | - | 23,360 | 23,360 | 20,856 |
| Trading activities | - | 19,640 | 19,640 | 15,856 |
| Governance costs | - | 1,270 | 1,270 | 948 |
| __ | __ | __ | __ | |
| Total expenditure4 | - | 44,270 | 44,270 | 37,660 |
| __ | __ | __ | __ | |
| Net income/(expenditure) | - | 15,480 | 15,480 | 24,009 |
| __ | __ | __ | __ | |
| Transfers between funds | - | - | - | - |
| __ | __ | __ | __ | |
| **Net movement in funds5 ** | - | 15,480 | 15,480 | 24,009 |
| Reconciliation of funds | ||||
| Balance brought forward | 97,564 | 356,864 | 454,428 | 430,419 |
| __ | __ | __ | __ | |
| Total funds carried forward | 97,564 | 372,344 | 469,908 | 454,428 |
| ======== | ======== | ======== | ======== |
Statement of Assets and Liabilities
For the year ended 31st December 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fixed Assets | ||
| Tangible assets8 | 1,509 | 280 |
| __ | __ | |
| Current Assets | ||
| Stock | 6,002 | 5,375 |
| Debtors9 | 2,246 | 402 |
| Cash at bank and in hand | 462,201 | 448,371 |
| __ | __ | |
| 470,449 | 454,148 | |
| - | ||
| Liabilities | ||
| Creditors: amounts falling due within 1 year10 | 2,050 |
- |
| __ | __ | |
| Net Current Assets | 468,399 | 454,148 |
| __ | __ | |
| Net Assets11 | 469,908 | 454,428 |
| ======== | ======== | |
| Funds12 | ||
| Restricted funds | 97,564 | 97,564 |
| Unrestricted funds: | ||
| Designated funds | 48,883 | 48,571 |
| General funds | 323,461 | 308,293 |
| __ | __ | |
| Total Charity Funds | 469,908 | 454,428 |
| ======== | ======== | |
| Approved by the Trustees on | and signed on their | behalf by: |
Notes to the Financial Statements
For the year ended 31st December 2025
1 Accounting Policies
a Basis of preparation
-
The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable in charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
-
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.
b Going concern basis of accounting
- 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 is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
-
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.
-
f 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: 20% straight line
(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 |
2 Income from Grants and Donations |
|||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted |
2025 | 2024 |
|||
| £ | £ | £ | £ |
|||
| - | ||||||
| Donations | - | 3,051 |
3,051 | 3,354 |
||
| Gift Aid | - | 541 | 541 | 659 |
||
| Mid Counties | - | 378 | 378 | 500 |
||
| Other grants | - | - | - | 189 |
||
| __ | __ |
_ | _ |
|||
| Total grants & donations | - | 3,970 |
3,970 | 4,702 |
||
| ======== | ======== |
======= | ======= |
|||
| 3 Income from Charitable Activities | ||||||
| Restricted | Unrestricted | 2025 Total | 2024 Total | |||
| £ | £ | £ | £ | |||
| ODP Passport | - | 1,634 | 1,634 | 507 | ||
| Subscriptions | - | 3,222 | 3,222 | 6,627 | ||
| __ | __ | __ | __ | |||
| Total income from charitable | ||||||
| activities | - | 4,856 | 4,856 | 7,134 | ||
| ======== | ======== | ======== | ======== |
4 Total Expenditure
| Charitable | Trading | Support | Total | Total | |
|---|---|---|---|---|---|
| Activities | Activities | Costs | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Purchases | - | 8,160 | - | 8,160 | 6,178 |
| Salaries | 5,564 | 8,347 | - | 13,911 | 12,603 |
| Rent | - | - | 4,625 | 4,625 | 3,469 |
| Rates & water | - | - | 195 | 195 | 181 |
| Insurance | - | - | 609 | 609 | 902 |
| Light & heat | - | - | 3,181 | 3,181 | 1,965 |
| Repairs | - | - | - | 52 | |
| Kitchen equipment | 114 | - | - | 114 | - |
| Exhibition costs | 82 | - | - | 82 | - |
| Sundry | - | - | 180 | 180 | - |
| Compliance costs | - | - | 428 | 428 | 1,354 |
| ODP Passport | - | - | - | - | 472 |
| Telephone | - | - | 519 | 519 | 395 |
| Post & stationery | - | - | 560 | 560 | 893 |
| Volunteer expenses | 480 | - | - | 480 | - |
| Cleaning | - | - | 642 | 642 | 477 |
| Subscriptions | - | - | 101 | 101 | 186 |
| Membership & printing | - | - | 1,942 | 1,942 | 419 |
| HouseGo Charges | - | - | 4,512 | 4,512 | 2,052 |
| Xero costs incl training | - | - | 546 | 546 | - |
| Website | - | - | - | - | 220 |
| Depreciation | - | 307 | - | 307 | - |
| Offa’s Dyke | - | - | - | - | 632 |
| IT | - | - | 307 | 307 | 670 |
| Bank charges | - | - | 491 | 491 | 873 |
| Conservation expenditure | 1,108 | - | - | 1,108 | 2,719 |
| __ | __ | __ | __ | __ | |
| Total expenditure | 7,348 | 16,814 | 18,838 | 43,000 | 36,712 |
| ======== | ======== | ======== | ======== | ======== | |
| Support costs allocation | 16,012 | 2,826 | -18,838 | ||
| ------------ | ------------ | ------------ | |||
| Per SOFA | 23,360 | 19,640 | - | ||
| ======== | ======== | ======== |
5 Net Movement in Funds - this is stated after charging:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Depreciation | - | - |
| Loss on disposal of fixed assets | - | - |
| Operating lease payments | - | - |
| Trustees’ remuneration | - | - |
| Trustees’ reimbursed expenses | 870 | 548 |
| Independent examiner’s remuneration | 400 | 400 |
| ======== | ======== |
Trustee’s reimbursed expenses in the year totalled £870 (Simon Rixon £91 & Dave McGlade £779).
6 Staff Costs and Numbers – staff costs were as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Salaries and wages | 13,911 | 12,603 |
| Social security costs | - | - |
| Pension costs | - | - |
| __ | __ | |
| 13,911 | 12,603 | |
| ======== | ======== | |
| o employee earned more than £60,000 during the year. | ||
| 2025 | 2024 | |
| Average head count (all staff are part-time) | 3 | 3 |
| ======== | ======== |
No employee earned more than £60,000 during the year.
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 & | ||
|---|---|---|
| Fittings | Total | |
| £ | £ | |
| Cost | ||
| At 1stJanuary 2025 | 3,796 | 3,796 |
| Additions in year | 1,536 | 1,536 |
| Disposals in year | - | - |
| __ | __ | |
| 5,332 | 5,332 | |
| __ | __ | |
| Depreciation | ||
| At 1stJanuary 2025 | 3,516 | 3,516 |
| Charge for year | 307 | 307 |
| On disposals | - | - |
| __ | __ | |
| 3,823 | 3,823 | |
| Net Book Value | ||
| At 31st December 2025 | 1,509 | 1,509 |
| ======== | ======== | |
| NBV 31stDecember 2024 | 280 | 280 |
| ======== | ======== | |
| 9 Debtors | ||
| 2025 | 2024 | |
| £ | £ | |
| Trade debtors | - | 402 |
| Prepayments | 2,246 | - |
| __ | __ | |
| 2,246 | 402 | |
| ======== | ======== |
10 Creditors: amounts due within 1 year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 1,568 | - |
| Accruals | 482 | - |
| __ | __ | |
| 2,050 | - | |
| ======== | ======== |
11 Analysis of Net Assets Between Funds
| Restricted | Designated | General | Total | |
|---|---|---|---|---|
| Current Year | Funds | Funds | Funds | 2025 |
| £ | £ | £ | £ | |
| Tangible fixed assets | - | - | 1,509 | 1,509 |
| Current assets | 97,564 | 48,883 | 324,002 | 470,449 |
| Current liabilities | - | - | (2,050) | (2,050) |
| __ | __ | __ | __ | |
| Net assets 31 Dec 2025 | 97,564 | 48,883 | 323,461 | 469,908 |
| ======== | ======== | ======== | ======== | |
| Restricted | Designated | General | Total | |
| Prior Year | Funds | Funds | Funds | 2024 |
| £ | £ | £ | £ | |
| Tangible fixed assets | - | - | 280 | 280 |
| Current assets | 97,564 | 48,571 | 308,013 | 454,148 |
| Current liabilities | - | - | - | - |
| ____ | ____ | ____ | ____ | |
| Net assets 31 Dec 2024 | 97,564 | 48,571 | 308,293 | 454,428 |
| ======== | ======== | ======== | ======== |
12 Movement in Funds
| Current Year | At 1 Jan | Transfer | At 31 Dec | ||
|---|---|---|---|---|---|
| 2025 | Income | Expenditure | funds | 2025 | |
| £ | £ | £ | £ | £ | |
| Restricted Funds | |||||
| Ernie Kay Legacy | 97,564 | - | - | - | 97,564 |
| __ | __ | __ | __ | __ | |
| Unrestricted Funds | |||||
| Designated Funds | |||||
| Conservation Fund | 8,571 | 312 | - | - | 8,883 |
| Contingency Fund | 40,000 | - | - | - | 40,000 |
| __ | __ | __ | __ | __ | |
| Total Designated Funds | 48,571 | 312 | - | - | 4,883 |
| __ | __ | __ | __ | __ | |
| General Funds | 308,293 | 59,438 | (44,270) | - | 323,461 |
| __ | __ | __ | __ | __ | |
| Total Unrestricted Funds | 356,864 | 59,750 | (44,270) | - | 372,344 |
| __ | __ | __ | __ | __ | |
| Total Funds | 454,428 | 59,750 | (44,290) | - | 469,908 |
| ======== | ======== | ======== | ======== | ======== |
| Prior Year | At 1 Jan | Transfer | At 31 Dec | ||
|---|---|---|---|---|---|
| 2025 | Income | Expenditure | funds | 2025 | |
| £ | £ | £ | £ | £ | |
| 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 | |||||
| Conservation Fund | 9,430 | 1,860 | (2,719) | - | 8,571 |
| Contingency 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:
| ease payments as follows: | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| 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
Independent Examiner’s Report to the Trustees of Offa's Dyke Association
For the year ended 31st December 2025
I report to the Trustees on my examination of the accounts of Offa's Dyke Association (the CIO) for the year ended 31st December 2025, which are set out on pages
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:
-
Accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
The accounts do not accord with those records; or
-
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:
Davina Hutchinson ACMA Garden Cottage
Brynwern Hall
Llanfihangel Brynpabuan
Builth Wells LD2 3SE
Statement of Financial Activities
For the year ended 31st December 2025
| Restricted | Unrestricted | 2025 Total | 2024 Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Income from | ||||
| Grants and donations2 | - | 3,970 | 3,970 | 4,702 |
| Charitable activities3 | - | 4,856 | 4,856 | 7,134 |
| Trading activities | - | 32,993 | 32,993 | 30,932 |
| Investments | - | 17,931 | 17,931 | 18,901 |
| __ | __ | __ | __ | |
| Total income | - | 59,750 | 59,750 | 61,669 |
| __ | __ | __ | __ | |
| Expenditure on | ||||
| Charitable activities | - | 23,360 | 23,360 | 20,856 |
| Trading activities | - | 19,640 | 19,640 | 15,856 |
| Governance costs | - | 1,270 | 1,270 | 948 |
| __ | __ | __ | __ | |
| Total expenditure4 | - | 44,270 | 44,270 | 37,660 |
| __ | __ | __ | __ | |
| Net income/(expenditure) | - | 15,480 | 15,480 | 24,009 |
| __ | __ | __ | __ | |
| Transfers between funds | - | - | - | - |
| __ | __ | __ | __ | |
| **Net movement in funds5 ** | - | 15,480 | 15,480 | 24,009 |
| Reconciliation of funds | ||||
| Balance brought forward | 97,564 | 356,864 | 454,428 | 430,419 |
| __ | __ | __ | __ | |
| Total funds carried forward | 97,564 | 372,344 | 469,908 | 454,428 |
| ======== | ======== | ======== | ======== |
Statement of Assets and Liabilities
For the year ended 31st December 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fixed Assets | ||
| Tangible assets8 | 1,509 | 280 |
| __ | __ | |
| Current Assets | ||
| Stock | 6,002 | 5,375 |
| Debtors9 | 2,246 | 402 |
| Cash at bank and in hand | 462,201 | 448,371 |
| __ | __ | |
| 470,449 | 454,148 | |
| - | ||
| Liabilities | ||
| Creditors: amounts falling due within 1 year10 | 2,050 |
- |
| __ | __ | |
| Net Current Assets | 468,399 | 454,148 |
| __ | __ | |
| Net Assets11 | 469,908 | 454,428 |
| ======== | ======== | |
| Funds12 | ||
| Restricted funds | 97,564 | 97,564 |
| Unrestricted funds: | ||
| Designated funds | 48,883 | 48,571 |
| General funds | 323,461 | 308,293 |
| __ | __ | |
| Total Charity Funds | 469,908 | 454,428 |
| ======== | ======== | |
| Approved by the Trustees on | and signed on their | behalf by: |
Notes to the Financial Statements
For the year ended 31st December 2025
1 Accounting Policies
a Basis of preparation
-
The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable in charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
-
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.
b Going concern basis of accounting
- 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 is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
-
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.
-
f 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: 20% straight line
(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 |
2 Income from Grants and Donations |
|||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted |
2025 | 2024 |
|||
| £ | £ | £ | £ |
|||
| - | ||||||
| Donations | - | 3,051 |
3,051 | 3,354 |
||
| Gift Aid | - | 541 | 541 | 659 |
||
| Mid Counties | - | 378 | 378 | 500 |
||
| Other grants | - | - | - | 189 |
||
| __ | __ |
_ | _ |
|||
| Total grants & donations | - | 3,970 |
3,970 | 4,702 |
||
| ======== | ======== |
======= | ======= |
|||
| 3 Income from Charitable Activities | ||||||
| Restricted | Unrestricted | 2025 Total | 2024 Total | |||
| £ | £ | £ | £ | |||
| ODP Passport | - | 1,634 | 1,634 | 507 | ||
| Subscriptions | - | 3,222 | 3,222 | 6,627 | ||
| __ | __ | __ | __ | |||
| Total income from charitable | ||||||
| activities | - | 4,856 | 4,856 | 7,134 | ||
| ======== | ======== | ======== | ======== |
4 Total Expenditure
| Charitable | Trading | Support | Total | Total | |
|---|---|---|---|---|---|
| Activities | Activities | Costs | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Purchases | - | 8,160 | - | 8,160 | 6,178 |
| Salaries | 5,564 | 8,347 | - | 13,911 | 12,603 |
| Rent | - | - | 4,625 | 4,625 | 3,469 |
| Rates & water | - | - | 195 | 195 | 181 |
| Insurance | - | - | 609 | 609 | 902 |
| Light & heat | - | - | 3,181 | 3,181 | 1,965 |
| Repairs | - | - | - | 52 | |
| Kitchen equipment | 114 | - | - | 114 | - |
| Exhibition costs | 82 | - | - | 82 | - |
| Sundry | - | - | 180 | 180 | - |
| Compliance costs | - | - | 428 | 428 | 1,354 |
| ODP Passport | - | - | - | - | 472 |
| Telephone | - | - | 519 | 519 | 395 |
| Post & stationery | - | - | 560 | 560 | 893 |
| Volunteer expenses | 480 | - | - | 480 | - |
| Cleaning | - | - | 642 | 642 | 477 |
| Subscriptions | - | - | 101 | 101 | 186 |
| Membership & printing | - | - | 1,942 | 1,942 | 419 |
| HouseGo Charges | - | - | 4,512 | 4,512 | 2,052 |
| Xero costs incl training | - | - | 546 | 546 | - |
| Website | - | - | - | - | 220 |
| Depreciation | - | 307 | - | 307 | - |
| Offa’s Dyke | - | - | - | - | 632 |
| IT | - | - | 307 | 307 | 670 |
| Bank charges | - | - | 491 | 491 | 873 |
| Conservation expenditure | 1,108 | - | - | 1,108 | 2,719 |
| __ | __ | __ | __ | __ | |
| Total expenditure | 7,348 | 16,814 | 18,838 | 43,000 | 36,712 |
| ======== | ======== | ======== | ======== | ======== | |
| Support costs allocation | 16,012 | 2,826 | -18,838 | ||
| ------------ | ------------ | ------------ | |||
| Per SOFA | 23,360 | 19,640 | - | ||
| ======== | ======== | ======== |
5 Net Movement in Funds - this is stated after charging:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Depreciation | - | - |
| Loss on disposal of fixed assets | - | - |
| Operating lease payments | - | - |
| Trustees’ remuneration | - | - |
| Trustees’ reimbursed expenses | 870 | 548 |
| Independent examiner’s remuneration | 400 | 400 |
| ======== | ======== |
Trustee’s reimbursed expenses in the year totalled £870 (Simon Rixon £91 & Dave McGlade £779).
6 Staff Costs and Numbers – staff costs were as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Salaries and wages | 13,911 | 12,603 |
| Social security costs | - | - |
| Pension costs | - | - |
| __ | __ | |
| 13,911 | 12,603 | |
| ======== | ======== | |
| o employee earned more than £60,000 during the year. | ||
| 2025 | 2024 | |
| Average head count (all staff are part-time) | 3 | 3 |
| ======== | ======== |
No employee earned more than £60,000 during the year.
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 & | ||
|---|---|---|
| Fittings | Total | |
| £ | £ | |
| Cost | ||
| At 1stJanuary 2025 | 3,796 | 3,796 |
| Additions in year | 1,536 | 1,536 |
| Disposals in year | - | - |
| __ | __ | |
| 5,332 | 5,332 | |
| __ | __ | |
| Depreciation | ||
| At 1stJanuary 2025 | 3,516 | 3,516 |
| Charge for year | 307 | 307 |
| On disposals | - | - |
| __ | __ | |
| 3,823 | 3,823 | |
| Net Book Value | ||
| At 31st December 2025 | 1,509 | 1,509 |
| ======== | ======== | |
| NBV 31stDecember 2024 | 280 | 280 |
| ======== | ======== | |
| 9 Debtors | ||
| 2025 | 2024 | |
| £ | £ | |
| Trade debtors | - | 402 |
| Prepayments | 2,246 | - |
| __ | __ | |
| 2,246 | 402 | |
| ======== | ======== |
10 Creditors: amounts due within 1 year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 1,568 | - |
| Accruals | 482 | - |
| __ | __ | |
| 2,050 | - | |
| ======== | ======== |
11 Analysis of Net Assets Between Funds
| Restricted | Designated | General | Total | |
|---|---|---|---|---|
| Current Year | Funds | Funds | Funds | 2025 |
| £ | £ | £ | £ | |
| Tangible fixed assets | - | - | 1,509 | 1,509 |
| Current assets | 97,564 | 48,883 | 324,002 | 470,449 |
| Current liabilities | - | - | (2,050) | (2,050) |
| __ | __ | __ | __ | |
| Net assets 31 Dec 2025 | 97,564 | 48,883 | 323,461 | 469,908 |
| ======== | ======== | ======== | ======== | |
| Restricted | Designated | General | Total | |
| Prior Year | Funds | Funds | Funds | 2024 |
| £ | £ | £ | £ | |
| Tangible fixed assets | - | - | 280 | 280 |
| Current assets | 97,564 | 48,571 | 308,013 | 454,148 |
| Current liabilities | - | - | - | - |
| ____ | ____ | ____ | ____ | |
| Net assets 31 Dec 2024 | 97,564 | 48,571 | 308,293 | 454,428 |
| ======== | ======== | ======== | ======== |
12 Movement in Funds
| Current Year | At 1 Jan | Transfer | At 31 Dec | ||
|---|---|---|---|---|---|
| 2025 | Income | Expenditure | funds | 2025 | |
| £ | £ | £ | £ | £ | |
| Restricted Funds | |||||
| Ernie Kay Legacy | 97,564 | - | - | - | 97,564 |
| __ | __ | __ | __ | __ | |
| Unrestricted Funds | |||||
| Designated Funds | |||||
| Conservation Fund | 8,571 | 312 | - | - | 8,883 |
| Contingency Fund | 40,000 | - | - | - | 40,000 |
| __ | __ | __ | __ | __ | |
| Total Designated Funds | 48,571 | 312 | - | - | 4,883 |
| __ | __ | __ | __ | __ | |
| General Funds | 308,293 | 59,438 | (44,270) | - | 323,461 |
| __ | __ | __ | __ | __ | |
| Total Unrestricted Funds | 356,864 | 59,750 | (44,270) | - | 372,344 |
| __ | __ | __ | __ | __ | |
| Total Funds | 454,428 | 59,750 | (44,290) | - | 469,908 |
| ======== | ======== | ======== | ======== | ======== |
| Prior Year | At 1 Jan | Transfer | At 31 Dec | ||
|---|---|---|---|---|---|
| 2025 | Income | Expenditure | funds | 2025 | |
| £ | £ | £ | £ | £ | |
| 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 | |||||
| Conservation Fund | 9,430 | 1,860 | (2,719) | - | 8,571 |
| Contingency 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:
| ease payments as follows: | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| 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