CHARITY NO. 1206365 G CHAR TABLE TRUST INAN L sfATEMENTS RTHEP RIOD ENDED 31 MARCH 2025
UG CHARITABLE TRUST REGISTERED CHARI NUMBER: 12 TRUSTEES: The Ri. Hon. Lord NewlK)rough Glyn Rhys Davies Gareth Pierce Jone5 Davina Fairweather (resigned 6 January 2025) Janice Dale ACCOUNTANTS: m[$ A[W Thomas (PriVe Clients) Limited Clarence Moors House 94 Wildersw)I Causeway Warrington Cheshire WA4 6PU INDEPENDENf EXAMINER: Mr Andrew Thomas FCA CHARITY REGISTRATION NUMBER: 1206365 BANK.. HSBC Bank pl¢ 56 High Str¢¢t Bala Gwynedd LL23 7ND
UG CHARrrABLE TRUST CONTENTS PAGE Trustees. Report Independent Exarniner's Report Statement of Financial Activities Balance Sheet Notes to the FinaJKial Statements
RHUG CHARITABLE TRUST TRusfEES' REPORT FOR THE PERIOD AR H 2025 The TrUSe$ Psent their annual report and financial ststrments of the djarity for the period ended 31 March 2025. The finan¢ial ststements have been prepared in &cordance with the accounting policies sei out in note l of the financial statements and comply with ihe charity's consiitution, the Chariiies Act 201 l and Accounting and Reporting by Charities.. Staietnem of Recommended Practice applicable lo charities preparing iheir a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, published on 16 July 2014 and updated October 2018. OKJECTS OF THE CHAIUTY AND PUBLIC BENEFIT Rhug Charitable Trust was established by The RL Hon. Lord NewErf)rough and is governed by a constitution dated 3 January 2024. It is registered with the Charity Commission (number 1206365}. Under Clause 3 of the constitution. Ihe object of the charity is to advance education for the public benefit and to provide or assisi ift the provision of facilities in the interests of socia] welfare for recreation. In exercising their discretion. the Trustees ensure that only objects which are exclusively charitable under the law Can b¢n¢fit. The Trustees may pay. or apply, income or capithi of the charity. The Trustees confinn that they have referred to the guidance ¢ontsined in the Charity Commission's general guidwKe on public benefiL when reviewing the charity's aims and objectives atkl in planning future activities. TRUSTEES The Trustee& who aCtj during the finan¢ial peri(d, were The Rt. Hon. Lord Newborough. Mr G. R. Davies, Mr G. P. Jones, Ms D. FaLrweher and Ms J. Dale. On 6 January 2025, Ms D. Fairweather resigned a5 Trustee. REVIEW OF A IVITIES DURING THE YEAR During the period ended 31 Mar¢h 2025, the TrSleeS made charitable donalion5 tolalling £nil, a8 this w&s the first periimj of the charity. FINANCIAL REVIEW The charity do¢s not explicitly fundrdise. its income is predominanily reliani upon BlC Payrnent Scheme payments and donations received. During the period. Ihe charity re1Ved funds and interest toialling £115,333. ctwitable donations for the year amounted to £nil. After allowing for administraiion expenses the net 1me amounted to £113,110 (see page 6). Total fu at the period end, inclusive of caslL amounied to £113.110 (s¢e page 7).
RHUG CHARITABLE TRUST TRUSTEES, R RT CONTINUED OR THE PERIOD ENDED31 MARC 2025 RESERVES AND INVESTMENT POLICY The TNstees' policy is to create sufficient incomeand capital growth to enable the charity lo cary oui its purposes consislenily. year by year, with due and pro[r consideration for future needs and the maintenance of. while they are retained. Rl K MANAGEMENT The Tiustees have a duty to idenrify and review the risks to which ihe chartty is exposed and to ensure appropriate controls are in place to provide reasonable assurnnce against fraud and error. The Tmstees consider the principa] risks faced by the charity lie in the continuatiot] of the Basic Paytnent Schem¢ subsidies to maintain in¢ome levels in order for the charity to effectively carry oul its objects. The operational risk from ineffective provision of experiences and activities is mitigated by ihe Trustees taking careful consideration when selecting what experienc¢s and activities io offer and who may be invited to participat¢. PLANS FOR THE FUTURE The charity plans to conrinue making a¢tivities available to the publi¢ in line wilh its objectives and intends lo build on its offering by creating a safe and enjoyable cla5sr(M)m facilily to inforn) and educate parti¢ipants.
RHUG CHARITABLE TRUSTEES, REPORT CONTINUED FOR THE PERIOD ENDED 31 MARCH 2025 NSIBILITES IN RELATION TO THE F NAN IAL TATEMENTS The ¢harity's Trustees are resy)nsible for preparing a Ttees. annuai rewrt and financial statements in ac¢ordan¢¢ with applicable law and United Kingdom Accounting Standards (Unsred Kingdom Generally Accepted Ac¢ounling Practice). The law applicable to ¢hariiies in Engla and Wales requires the charity's Trustees to prepare financia] statements for each year. which give a irue and fair view of the state of affairs of the charity and of ihe in¢oming resources and application of resource5 of the ¢harity for thai period. In preparing the financial statements, th¢ Trustees are required to- Select suitable ac¢ounting lIcIeS and then apply them consislently- Observe the methods and principles in the applicable Chariiies SORP. Make judgements and estimates that are re&sonable arHI prudent" State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and &xplained in the financial statemen Prepare the fiTh7n¢i21 staiements on going concern b&sis unless it is inappropriaie io presume that th¢ charity will Continue in busin¢ss. The Trustees are responsible for keeping proper a¢¢ounting records ihat disclose with reasonable accuracy, at any time, the financial position of the charity and to enable ihem to ensure that the financial statements ei>mply with the Charities Aci 2011, the applicable Charities (Accounts and Reports) Regulaiions, and the provisiors of the constitution. They are also restK)nsible for safeguarding the assets of the ¢hariry and taking re&wnable steps for Ihe preveniion and detection of frdud and other irregularities. The Trustees are responsible for the maintenance and integrity of the Charity and lated financial inforniation in accordance with legislation in the Uniied Kingdom governing the preparation and dissemination of financial statemenis. Approved by the Trustees on and signed on their behalf by: The Ri. Hon. Lord Newborough Mr Glyn Rhys Davies Mr Gareth Pierce Jones Ms Janice Dale
RHUC CHAIUTABLE TRusr INDEPENDENT EXAMINER• REPORT E PERIOD ENDED 31 MARCH 2025 INDEPENDE T EXAMINER'S REPORT TO THE TRUSTEES OF RHUG CHA ABLE TR ST I have examined the financial statements of Rhug Charitable (Charity No. 1206365 for the period ended 31 March 2025, which ¢omprise the Statement of Financial Aciivities, the Balance Sh¢¢t, and the related notes I to 3. These financial statements have Ixen prepared under the histortcal cost convenlioffj as mi)dified by the revaluation of fixed asset investments, and the accounting policies set out therein. This re]x)rt is made solely to the ¢harity's Trustees. as a body. in accordance with Section 145 of the Charities Act 2011 ('the 2011 A¢t'). My examination has been undertaken so that I might state, to the charity's Trustees, those matters l am required to stale to them in an independent examiner's report. and for tto other purw)se. To the fullest extent pernjitted by law, I do not accep¢ or assume, SpOnsibl1]lY to anyone other than the ¢harity and the ¢harity's Trustees, as a b(Kiy, for my work or for this report. RESPECTIVE RESPON IBILITIE F TRUSTEES AND EXAMINER The charity's Trustees are responsible for the preparation of the financial staietnents. The charity's Trustees consider that an audil is not r¢quired. for this year. under Section 144(2) of the 2011 Act, and that an independent examination is needed. It is my responsibility to: examin¢ the financiat ststements under Section 145 of the 201 l Act- to followthe procedures laid down in the general D]rtionS giv¢n by the Charity Cotnmission (under Section 145(5)(b) of the 2011 A¢l)- and lo stale whether particular matter5 have come to my atteniion. BA IS OF IP4DEPENDENT EXAMINER'S STAT ENT My examination was carried out in ac¢ordance wtth the general Directions given by the Charity Cornmission. An examination includes a VIeW of the accounting records kept by the charity and a comparison of the financia] statements presented with those records. It also includes consideralion of any unusual item5, or disclosures. in the financial statements. and seeking explanaiions from the Trustees concerning any such matters. The procedures undertaken do noi provide all Ihe evidence ihat would be required in an audit. and ¢onswuently, no opinion is given to whether the a¢¢ounts present a 'true and fair. view, and the report is limited io those matters sel out in the statement overleaf.
RHUG CHARABLE TRU INDEPENDENT EXAMINER'S REPORT ED R THE PERIOD Ef4DED 31 MARCH 2025 DEPENDENT EXAMINER'S STATEMENr In Connection with my examination, no matter h&% come io my atteniion: a) which gives me reasonable cause to believe thaL in material respe¢L the requirements: io keep a¢¢ounting records in accordance with Section 130 of the 2011 Act. and lo prepare finan¢ial statemenis which accord with the accounting records and cOPIY with the accounting requirements of the 2011 Act have not been met. or b) to which, in my opinion. attention should be drnwn in order to ¢nable a prOr understanding of the financial statements to be reached. Andrew Thomas FCA Clarence Moors House 94 Wilderspool Causeway Warrington Cheshire WA4 6PU Date: 27 January 2026
RHUG CHARITABLE TRUST STATEMEiYf OF FIN NCIAL AcfiviTIES FOR THE PERIOD ENDED31 MAR 2025 nr Slricted Reserye Period Ended 3 Janu 2024 to 31 March 2025 OTES INC Basic Payment Scheme Income Donations Received Farni Visits Income Event Income TraileT Hire 107,291 6.963 706 343 30 TOTAL INCOME 115.333 EXPENDITURE nditure on Ch 'iable A ties Accouniancy. Adrninistration and Independent Examiner's Fees Office Rent Online Ticket Platfomi Fees Bank Charges 2,100 68 52 TOTAL EXP DITUR 2,223 NET UNRESTRICTED INC FOR THE PERIOD £ 113,110 The accounting policies and notes on pages 8 to 9 form part of these finan¢ial statements.
HARrrABLE TRUST BALANCE SHEET ASAT31 MARC For the Peri(d 3 Janu 2024 31 March 2025 FIXED ASSETS Entitlements RRENT ASSETS 115.210 Cash af Bank CREDITORS- AMOUNT FALLtNG DUE WITHIN or4 YEAR Accruals (2,100) URRENT ASSETS 113,110 NET ASSETS £ 113,110 FUP4DS Unreslri¢ted (See Page 6) £ 113.110 The financia] statements were approved by the Trustees on ........ The Ri. Hon. IA)rd NewiKsrough Mr Glyn Rhys Davies Mr Gareth Pi¢rc¢ Jones Ms Janice Trdle The a¢¢ouniing policies and notes on pages 8 9 forni part of these financial statements.
RHUG CHARITABLE TRUST NOTES TO THE FINAN AL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2 ACCOUNTING POLI (a) Basis of Preparation and Assessm¢u¢ ofGoing Concern The financial staternents have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have beett prepared in accordance with the Statement of Recommended Practice.. Accounting and Reponing by Charities preparing their accounts in accordan¢e with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financia] Rewrting Standard applicable in ihe United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The Charity constitutes a public benefit entity as defined by FRS 102. The Trusiees consider that there are no materiat urKertaint1¢5 about th¢ charity's ability to continue as going concem. With respect to the next reporting period. year ended 31 March 2026, the most significant area of uncertainly that may affect the charity's OperlOn5 is the level of th¢ subsidy payments and potential grant income. (b) lll¢ome Recognition All income is r¢¢ognised once the charity has entitlement to the income, it is probable ihat the income will be received and the amount of income receivable can be measured reliably. Income froTn ihe Basic Paymeni Scheme and any grant income will be recorded upon receipt. (c) Expenditiire recognition Liabilities are re¢ognised as expenditur¢ as soon &8 there is a legal or constructive obligation eommittiftg the charity to that expenditure, it is probable that settlement will be qUIred and the amount of the obligation can be me&sur¢d reliably. All expenditure is accounted for on an a¢¢ruals basis. All expense5 including support Costs and governance costs are alloced to the applicable expendiiure headings. (d) Taxation For tax purposes, &s a charity it is not ITable to Income T&x on income derived from charitable activitie5. The charity is not registered for VAT. All amounts in the Swement of Financia] Activities are shown inclusive of VA T, wherc relevant (e) Costs ofRaising Funds During the period ended 31 March 2025 the charity incurred no costs in respect of raising funds. {t) Charitable Acttvities Costs of charitable a¢livities include donationgrartts made and gov¢mance and support costs.
RHUG CHARrrABLE TRU NOTES TO THE FINANCIAL STATEMEiYr ptriNUED FOR D ENDED 31 MARCH 2025 RELATED PARTY TRANSAcfIoNS AND TRusfEES' EXPENSES ND REMINERATION The Trusl¢¢s all give freely their time and experfise wiihout any forni of remunei0n or other benefit in ch or kind during the period. Expenses paid io the Trustees, in connection with the re1Mbuernent of their travel exn$t$ in the p¢riod. totalled £nil. AL r The Period to 31 March 2025 Accountancy, Administraiion and Independent Examiner's Fees (Including VAT) £ 2.11)0
ANNUAL REPORT FOR THE RHUG CHARITABLE TRUST-JANUARY2025 The Charitywas registered 3Td January2024 Davina Fairweather. retired atthe year end. as intended. Ourthanks were expressed with a gift hamperforthe hard work she contributed to establishing RCT. The first year has been a learning curve. We took time to establish what RCT is to achieve and time was spent in exploringand developing our plans and priorities. a trustee pack, policies and risk register. The decision was taken with a viewto enable access to alternative income streams. to workwith Rhug Organic Farm in relation to land forming part of the Berwyn SSSI. SAC,SPA. RCT claimed the standard payment for the land from the WAG with the surplus from previous claims retained bythe Charity. Rhug Organic Farm undertook the land management for the Charity in line with statutory requirernents. RCT coppice and replanted 200metres of hedges during this period and fundingwas sourced to plan an'lntergrated Natural Resources Service. _ the outcome ofwhich is awaited from RPW. A number of othergrants had been applied for unsuccessfully- again this has been a learning experience. David Knowles. a Health & Safety expert became a trustee. Meriel Owen was co-opted on to take on the accounts function. followingTeleri Jones leaving. An agreement was created for a management scheme and leasing of Moel Henfaes Work continues on an INRS scheme. RCT registered with HMRC fortax purposes in dec 2024.