Charity ragistration number 120386S
Peat Rigg Charitable Foundation
Trustees Annual Report and Unaudited Financial Statements
For The Period Ended 31 December 2024

PEAT RIGG CHARITABLE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
MrAS Thorpe
Ms A Fealherslone
Mr l R J Thorpe
Mr M J Vvebsler
Mr D W Noble
(Appointed 5 July 2023)
(Appointed 5 July 20231
(Appointed 5 July 2023}
(Appointed 5 July 20231
(Appointed 5 July 20231
Charlty number
1203865
Independent examiner
Jessica Lawrence FCA CTA
els Audit Services Limited
12 King Street
Leeds
LS12HL
Bankers
HSBC Bank pl¢
1 Parfimenl Street
York
Y01 8XS

PEAT RIGG CHARITABLE FOUNDATION
CONTENTS
Page
Trustees, report
Independent examinerfs report
statement of financial activities
Balance sheet
Notes lo the financial ststemenls
10-16

PEAT RIGG CHARITABLE FOUNDATION
TRUSTEES, REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024
The Trustees present their annual report and financial statement5 for the period ended 31 December 2024.
Overview
The Peal Rigg Charitable Foundation is dedicated to providing transformative Outdoor Education experiences that
inspire, challenge. and empower all those people involved, whether il be stsff. participants or our wider community.
Situated in a spectacular location within the North York Moors National Park, the Foundation harnesses the power
of nature and adventure to promote personal development, resilience, and a deeper connection lo the environment.
Peal Rigg Community Foundation aims to address the barriers many individuals face in accessing outdoor learning
opportunities. By offering a safe, inclusive, and stimulating environment, we enable participants to develop critical
life skills, foster teamwork, and build ¢onfiden¢e.
Peal Rigg's programs primarily serve young people, with pricing slralegies, marketing inilialives and inclusive
delivery that ensures that the organisalion reaches a broad range of individuals, groups and communities. We
design activities lo meet a range of needs, ensuiing that every participant can benefit from the physical, emotional,
and social growth that outdoor leaming provides.
Through our work, we also champion environmental sustainability, embedding ecological awareness into every
aspect of our operations and leaching. We aim lo cultivate not only personal growth but also a lifelong commitment
to protecting and cherishing the natural worfd.
The financial stalernenls have been prepared in accordance ￿rith the accounting policies set out in note 1 to the
financial statements and comply with the Charity's governing document, the Charities Act 2011 and "Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to chaiilies preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021"
(effective 1 January 20191.
Objectives and activities
The Peat Rigg Charitable Foundation is committed lo delivering impactful outdoor education and personal
development opportunrties Ihal..
Promote resilience, confiden￿, and life skills among participants.
Foster a sense of community and teamwork.
Provide Inclusive, access lo nature.based leaming for all participants
Demonstrate and encourage environmentsl stewardship and sustainable practices.
These objectives align wth our mission to inspire individuals and communities through outdoor experien￿S, helping
them realise their potential and develop a lifelong connection lo the natural world.
Activities
To achieve these obje¢tives, the foundation undettskes a range of activities, in¢luding'.
Outdoor Education Programs
Residential courses and day programs designed to build confidence, leadership, and teamwork
A broad range of Outdoor Activities and experiences tailored to suit different age groups and
Environmenial Education
Ensuring that all courses foster and understanding of conservats'on, sustainability, and ecological
awareness.
Using Peat Rigg farm and the natLJral environment of the North York Moors to deliver this aim.
Environmental Enhancement of Peal Rigg
Managing a practical range of measures lo enhance the environmentsl benefits and biodiversity of
Peat Rigg

PEAT RIGG CHARITABLE FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
The Trustees have paid due regard to guidance issued by the Charty Commission in deciding what activities the
Charity should undertake.
Achievements and perforniance
The flrst accountlng perlod- July 2023 to December 2024
In this first period of operating, the Peat Rigg Charitable Foundation has made a meaningful impact through its
outdoor education programs and environmental projects on Peat Rigg farm. Despite a squeeze on funding wthin
the sector and the cosl-of-living crisis, the foundation has successfvlly delivered a wde range of activities that have
benefited partiupanls of all ages and abilities.
Ke
Achievements
Program Delivery
Peal Rigg Charitable Foundation worked with 25 separate organisations running 22 residential and
8 day programs.
These programmes engaged 651 individuals.
The programmes engage a broad range of clients including young people, Special Educational
needs students, disabled groups and underrepresented communities.
Feedback from clients and organisations was consistently high for all the delivery, never dropping
below 5 stars for every programme.
Long term relationships have been established ensuring sustsinabilily of the organisalion.
Environmental Education
Every course encouraged participants to engage with the natural environment, raising awareness
among participants about suslainabilily and conservation.
All courses included practical engagement with the natural environment and managed natural
environment of Peat Rigg farm.
Environmentsl enhancement of Peal Rigg
During this accounting period 1200 metres of new hedging and 275 trees were planted.
Idflower seeds collected from a 2.3-heclare field, was used lo regenerate future wldflower
meadows al Peat Rigg.
Financial review
11 is the policy of the Charity that unreslricled funds which have not been designated for a specific use should be
maintained at a level equivalent to bett￿een six and twelve month's expenditure. The Trustees consider that
reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the
Charity's current activities while consideration is given lo ways in which additional funds may be raised. This level of
reserves has been maintained throughout the period.
The current level of flee reserves is £200,078, which is slightly above the largel level outlined above. The trustees
nevertheless consider il prudent to consider setting aside additional reserves for future currently unplanned
contingencies.

PEAT RIGG CHARITABLE FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
Plans for future periods
The achievements of this year lay a strong foundation for future growth. Plans for the coming year include building a
new outdoor classroom to increase the options for delivering outdoor learning throughout the year and whatever the
weather.
The foundation also intends to build an accessible offroad cycling track around the sile to increase the number of
inclusive options and encourage participation in healthy enjoyment of the natural environment.
The foundation also intends to take over the operational management Peat Rigg Farm and has conducted the initial
planning and preparation lo move the land into the most environmentally beneficial options within the Defra
framework.

PEAT RIGG CHARITABLE FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
structure, governance and management
Governlng Document
Peat Rigg Charitable Foundation operates as a registered charity under the terms of its governing document, a
foundation model constitution. This sets out the aims, objectives, and rules for the effective management of the
charity.
Oryanisational Structure
The Foundation is overseen by the board of five trustees, who meet regularly lo provide strategic direction and
ensure the charity's compliance wth its objectives and legal obligations. The day-IcFday management of the
foundation is delegated lo the senior leadership team, which is responsible lor irllplementing the Iruslees, strategic
plans, managing operation5, and supervising 51aff and volunteers.
Decision-making
The board of Iruslees makes key decisions collectively, adhering lo principles of transparency, accountability, and
due diligence. The leadership always ensures that there is a clear and current availability of infomialion about the
operations al Peat Rigg lo enable the Trustees lo make informed derysions to further the aims of the Charity.
Safeyuardlng and Rlsk Management
The foundation has robust policies in place to safeguard the welfare of all participants and stsff. Regular training is
provided lo ensure Complian￿ with safeguarding best practi￿$. Risk assessments are conducted for all adivities
and operations, data about incidents are recorded and reviewed periodically by the trustees. Objectives were sel for
the first year to ensure that the following risks were considered and mitigations put in place.
Financial risks- mitigations included a trustee decision about holding an adequate level of reserves and
having a cautious attitude about debt.
Strategic risks- mitigations included a clear commitment lo fulfilling the Charitable objects and working
closely with stakeholders lo respond lo demand.
Operational risks - mitigations included an adherence to established safety protocols, dose scrutiny of
these by Trustees and employing competent. qualified staff to run all courses.
Compliance risks- mitigations included using experienced expert advisors lo set up the Charity correctly,
and ensuring that all Trustees had access to all the information and training resources lo fulfil their roles
compelenlly.
External threats- ensuring that systems, training and reSoUr￿S are in place to be able to respond to
technological, environmental and other threats.
These objectives were reviewed al Trustees meetings accepted as an appropriate level of planning and
management of the risks facing Peat Rigg Charitable Foundation.
Extemal Support and Advlsors
The foundation benefits from the advice and support of extemal professionals in areas such as legal compliance,
financial management. and health and safety. These advisors contribute lo ensuring best practices across all areas
of governance and operab'ons.
ststement of Assurance
The Trustees confirm that they have fulfilled their responsibilities as outlined above during the reporting period. They
have exercised due care, skill, and diligence in the governance of the Foundation and have taken all reasonable
steps to safeguard ils mission and resources.
This statement is made in accordan￿ with the Foundation's commitment to transparency and accountability and
has been approved by the Board of Trustees.

PEAT RIGG CHARITABLE FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
The Trustees who served during the period and up lo the dale of signature of the financial statements were..
MrA S Thorpe
(Appointed 5 July 20231
Ms A Featherstone
(Appointed 5 July 20231
Mr l R J Thorpe
(Appointed 5 July 20231
Mr M J Webster
(Appointed 5 July 20231
Mr D W Noble
(Appointed 5 July 20231
Trustee Recruitment and Appointment
The trustees of the foundation are appointed in accordance with the goveming document. The Current five Trustees
have been selected based on their skills, experience, and commitment to the charity's objectives. A formal induction
process has been provided to ensure new trustees fully understsnd their responsibilities, the charity's mission, and
the regulatory framework wthin which the foundation operates.
The Trustees. report was approved by the Board of Trustees.
Mr l R J Thorpe
Trustee
Date..
1810612025

PEAT RIGG CHARITABLE FOUNDATION
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE PERIOD ENDED 31 DECEMBER 2024
The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Pradicel.
The law applicable to charities in England and Wales requires the Trustees lo prepare financial stslemenls for each
financial year which give a true and fair view of the slate of affairs of the Charity and of the incoming resources and
application of resoLJr¢es of the Charity for that period.
In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently",
observe the methods and principles in the Charities SORP",
make judgements and eslimales that are reasonable and prudent.,
slate whether applicable accounting standards have been followed, subject lo any material departures disclosed
and explained in the financial statements,. and
prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that the charity
will continue in operation.
The Trustees are responsible for keeping sufficient acwunling records that disclose with reasonable accuracy al
any lime the financial position of the Charity and enable them to ensure that the financial statements ¢omply with
the Charib'es Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed.
They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.

PEAT RIGG CHARITABLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PEAT RIGG CHARITABLE FOUNDATION
I report to the Trustees on my examination of the financial slalements of Peal Rigg Charitable Foundation (the
Charity) for the period ended 31 DetsM￿r 2024.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with
the requirements of the Charities Act 2011 Ilhe 2011 Acll.
I report in respect of my examination of the Charity's financial statements carried out under section 145 of the 2011
Act. In Carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 14515llbl of the 2011 A¢1.
This report, induding my statement, has been prepared for and only for the charity's trustees as a body. My work
has been undertaken so that I might state to the charity's trustees those matters l am required lo slate lo them in an
independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or
assume rèsponsibility lo anyone other than the charity and the charity's Iruslees as a body for my examination work,
for this report, or for the statements I have made.
Independent examiner's statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of , which is
one of the listed bodies.
I have completed my examination. I confirm that no malters have come to my attention in connection wth 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 2011 Act,. or
the financial statements do not a¢cord with those re¢ords,' or
the financial statements do not comply wth the applicable requirements Con￿Ming the fomi and content of
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 Con￿mS and have come across no other matters in connection with the examination lo which attention
should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached.
Azets Audit Services Limited
Jessica Lawrence FCA CTA
12 King Street
Leeds
LS12HL
Dated. 1810612025

PEAT RIGG CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 DECEMBER 2024
Unrestrfcted Restrlcted
funds
funds
2024
2024
Total
2024
Notes
Income and endowments from:
Donations legacies
Charitable activities
Investment Income
Other income
169,010
102,574
1,391
1,200
45,000
214,010
102.574
1,391
1,200
Total income
274,175
45,000
319,175
Ex
enditure on-
Charitablè activities
74,097
26,392
100,489
Net Income for the perlodl
Net movement in funds
200,078
18,608
218,686
Fund balances at 5 July 2023
Fund balances at 31 December 2024
200,078
18.608
218,686
The statement of financial activities indudes all gains and losses recognised in the period.
All income and expenditure derive from continuing activities.

PEAT RIGG CHARITABLE FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
Notes
Flxed assets
Tangible assets
10
26,453
Curr&nt assets
Debtors
Cash at bank and in hand
11
354
229,441
229,795
137,5621
Credltors: amounts falllng due wlthln one year
12
Net current assets
192,233
Total assets less current liabilities
218,686
Income funds
Restricted funds
Unrestricted funds
13
18,608
200,078
218,686
1810612025
The financial stslemenls were approved by the Trustees on .
Mr l R J Thorpe
Trusteg

PEAT RIGG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Accounting policies
Charity inforniation
Peal Rigg Charitable Foundation is a Charity established on 5 July 2023 and registered with the Charity
Commission under Charity number 1203865. The Charity's principal office address is Peal Rigg Outdoor
Training Centre, The Green House, Cropton, Pickering, Y018 8EX.
1.1 Reportlng perlod
The annual financial statements are presented for a period longer than one year due to the company having
an incorporation date of 5 July 2023 and a year end date of 31 December 2024.
1.2 Accounting convention
The financial slalements have been prepared in accordance with the Charity's governing document, the
Charities Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.
I'FRS 102.1 and the Charities SORP Accounting and Reporting by CharV(ies.' Slalemenl of Recommended
Practi￿ applicable lo Charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191- The Charity is a Public
Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not lo prepare a Statement of
Cash Flows.
The finanaal slalements have departed from the Charities IAccounls and Reports) Regulations 2008 only ID
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred lo in the Regulations bul which has since been withdrawn.
The financial slalements are prepared in sterfing, which is the functional currency of the Charity. Monetary
amounts in these financial stslemenls are rounded lo the nearest £1.
The financial slalements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.3 Going concern
Al the lime of approving the financial slatemenls, the Trustees have a reasonable expectation that the Charity
has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees
ntinue to adopt the going concern basis of accounting in preparing the financial ststemenls.
1.4 Charitable funds
Unrestriclttd funds are available for use al the discretion of the Trustees in furtherance of their Charitable
objectives.
Restricted funds are subject to speafic conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the finanaal statements.
Endowment funds are subject to specific conditions by donors that the capitsl musl be maintained by the
Charity.
10-

PEAT RIGG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE PERIOD ENDED 31 DECEMBER 2024
Accountlng pollcles
Icontlnuedl
1.5 Income
Al income is included in the statement of financial activities when the charity is entitled to the income and the
amount can be quantified reliably.
Income from grants, where related lo performance and specific deliverables, are accounted for as the
charity eams the right to consideration by it's performance. Fees receivable are accounted for in the
period in which the service is provided.
INhere income is re¢eived specifically for expenditure in a future accounts'ng period the amount is
deferred.
1.6 Expenditure
Expenditure is recognised in the period in which il is incurred. Expenditure includes attributable VAT which
cannot be recovered.
Charitable expenditure comprises those costs incurred by the charity in the deliverance of its
activities and ServI￿S for its beneficiaries. It includes both costs that can be diredy allocated lo such
activities and those costs of an indirect nature necessary to support Ihern.
1.7 Tangible fixed assets
Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation. net of
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Fixtures and fittings
200/0 Straight Line
The gain or IDSS arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of finanaal ath"vib"es.
1.8 Impairment of fixed assets
At each reporting end date. the Charity reviews the carying amounts of its tangible assets to detemiine
whether there is any indication that those assets have suffered an impaimienl loss. If any such indication
exists, the recoverable amount ol the asset is estimated in order to detemiine the extent of the impaimient
loss lif any).
1.9 Cash and cash equlvalents
Cash and cash equivalents indude cash in hand, deposits held at call wth banks, other short-term liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
thin borrowings in current Iiabililies.
1.10 Financial instruments
The Charity has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the
contractual provisions of the inslrumenl.
Financial assets and liabilities are offset, wrf(h the net amounts presented in the financial slatemenls, when
there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a nel
basis or lo realise the asset and setue the liability simultaneously.

PEAT RIGG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE PERIOD ENDED 31 DECEMBER 2024
Accountlng pollcles
Icontlnuedl
1.11 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed
lo lerminale the employment of an employee or to piovide lerminalion benefits.
1.12 Debtors
Prepayments and accrued income represent time apportioned expenses or income lo be recognised in
future accounting period.
Debtors, other than those held at fair value through profil and loss, are assessed for indicators of impaimient
at each reporting end date.
Debtors S￿ impaired where there is objective evidence that, as a result of one or more events that occurred
after the Initial recognition of the financial assèt, the eslimaled future cash flows have been affected. The
impaimient loss is recognised in the income and expenditu￿ account.
1.13 Creditors and Provisions
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 Ihe amount due to setue the obligation can
be measured or estimated reliably. Creditors, loans and provisions are nomially recognised at their settlement
amount after allowing for any trade discounts due.
Creditors are derecognised when, and only when, obligations are discharged, cancelled or they expire.
Amounts recognised as provisions are best estimates of the consideration required to settle the present
obligation al the reporting end dale, taking into account the risks and uncertainties surrounding the obligats'on.
Crltlcal accountlng estlmatss and Judgements
In the application of the Charity's accounting policies, the Trustees a￿ required lo make judgements,
eslimales and assumptions about the carrying amount of assets and liabil(ties that are not readily apparent
from other Sour￿$. The eslimales and associated assumptions are based on historical experience and other
factors that are considered lo be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
The Iruslees are of the opinion that the￿ are no material eslimales orjudgements.
12-

PEAT RIGG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE PERIOD ENDED 31 DECEMBER 2024
Donations and legacies
Unrestricted Restricted
funds
funds
Total
2024
2024
2024
Donations and gifts
Perforrnance related grants
169,010
169,010
45,000
45,000
169.010
45,000
214,010
Charitable activities
Charitable
Incorne
2024
Course income
102,574
13-

PEAT RIGG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE PERIOD ENDED 31 DECEMBER 2024
Charitable activitie5
Charitable
Expenditure
2024
Depreciation and impaimienl
Freelance labour
Insurance
Rent
Staff training
Management charges
1,392
16,361
1,769
46,404
35
29,108
95,069
Share of support costs (see note 61
Share of governance costs (see note 61
95
5,325
100,489
Analysls by fund
Unrestricted funds
Restricted funds
74,097
26,392
100,489
Support costs
Support Govgrnanca
osts
costs
2024
Bank charges
95
95
Audit fees
Legal and professional
3,240
2,085
3,240
2,085
95
5,325
5,420
Analysed be￿een
Chartsble activities
95
5,325
5,420
Included within accountancy are fees payable lo the independent examiner for the independent examination
of £1,440.
14-

PEAT RIGG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE PERIOD ENDED 31 DECEMBER 2024
Trustees
None of the Trustees lor any persons connected wth them) received any remuneration or benefits from the
Charty during the period.
Employees
The average monthly number of employees during the period was..
2024
Number
Total
There were no employees whose annual remuneration was more than £60,000.
Taxatlon
The charity is exempl from lax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxalionof Chargeable Gains Act 1992 to the exlenl that these are applied to its charitsble objects.
10 Tangible fixed assets
Fixtures and fitting$
Cost
Additions
27,845
Al 31 December 2024
27,845
Depreciation and impairment
Depreaalion charged in the period
1,392
Al 31 December 2024
1,392
Carrylng amount
At 31 December 2024
26,453
11
Debtors
2024
Amounts falling due within on& yèar:
Prepayments and accrued income
354
15-

PEAT RIGG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE PERIOD ENDED 31 DECEMBER 2024
12 Creditors: amounts falling due within one year
2024
Other creditors
Accruals and deferred income
34,322
3,240
37,562
13 Restricted funds
The incorne funds of the charity include restricted funds comprising the followng unexpended balances of
donations and grants held on trust for specific purposes".
Movement
in funds
Incoming
resource5
Movement in funds
Balance at
5 July 2023
Incoming
resource5
Resources
Balance at
expended 31 December
2024
NYC Access track grant
Cohen Funding
20,000
25,000
11,3921
125,0001
18,608
45,000
126,3921
18,608
The NYC Grant was to fund the construction of an access track to the new lake. The access track purchased
with the grant is being depreciated over il's useful life.
The Cohen funding relates to courses for disadvantaged children from the Teeside area only.
14 Analysis of net assets between funds
Unreslrl¢ted ReStrI￿ed
funds
funds
2024
2024
Totsl
2024
Fund balances at 31 December 2024 are represented by..
Tangible assets
Current assetsllliabililiesl
7,845
192.233
18,608
26,453
192,233
200,078
18,608
218,686
16-