Chartty registration number. 202804
Great Torrington Commons Conservancy
(Common Lands)
Annual RerNJrt and Flnanclal Statements
for the Year Ended 31 Marth 2024
WESTCOTTS
CHAR7EItED ACCOUNTANTS
• IU51ME$S ADVISS*S

Great Torrlngton Commons Conservancy (Common Lands)
Contents (Contlnuod)
Referen¢• and Admlnlstralv8 Detalis
TnJstees' Report
2toS
lThJependgnt Examlnoffs Roport
Statement of Fina[￿la1 AGtMties
Balance Sheet
Notes to th8 Finandal Stslements
9t020

Great Torrington Commons Conservancy (Common Lands)
Reference and Adminlstratlve Detalls
Trustees:
Jennifèr Amanda Harrbon
Susan cra￿eY (reslgned 30 Sept8rnber 20231
Gerry Dufy
Ron William Tucker lappolnted 20 September 2023 and resigned
9 May 2024)
Carolyn Lar￿C￿ (appointed 21 June 2023)
Adam Klrby
Androw Giles
David Nudd
Sue Clark8
Charlty Regl8tratlon Numbor
202804
Prlnclpal Ornco
25 South Straet
Torrlngton
Devon
EX38 8AA
Indop•nd•nl Examlner
Westcotts ISW) LLP
47 Boutport Street
Bamstapl
Devon
EX311SQ

Great Torrlngton Commons Conservancy (Common Lands)
Trustees. Report
The trustees present the annual report together wllh the finanaal stat•m&nts of the charity for th8 year
erkled 31 March 2024.
structure. govèrnance and management
Gov•rnlng document
The charlty was formed by The Great Tothngion Commons Act 1889 (the Act) and Standlng Order5.
Organisallon managofflent
The tharity is run by the Truste68 comprlslng of 8 board of no more Ihan fifteen trus￿ conservators.
Conserrfators that are elect8d must reside the Parish of Great Tothngton. must b8 nomlnat8d
and seconded by parishioners reglstered on the electoral role. ond are elected by pubFic ballot every
thRe years. Where fewer than fifteen candldates are properly nominated there Is no public ballot. The
board elects a Chairman and Vlce chairn￿n from amongst thelr number at the Annual General
Meelng each May.
The board meets formally each month to rev16w and deckle upon routine a¢tiwties. Fomwl resolutions
for strategic and slgnificant decFsions are rals8d by c(￿SeNatOrS providing $evon notice prror to
tho meeting.
Conservators act In a voluntary capacity and may not be eM￿Oyed In a pald posltlon ty tho b)ard as
well. Thè board engages a small numbw of paid staff, induding the Cl8rk and the TreasuTrr, to
undertake its business and ￿nar￿181 affairs and the da￿t¢￿aY maintsnance of the Commons.
In additlon io the Slanding Orders. the Ix)ard manages its affairs with reference to the By&Laws of
Great Torrlngton Commons as approved by the Department for Environmert Food 8nd Rural Affairs.
and has adopted Financial Regulations.
Rlsk manag•mont
The Trustees ￿nSider risk as part of thelr regular Meetings, taking Into account the size of the risk, Its
tential Impact and the likelihood of It occurring. Steps arg takon to mliigate risks where 1$
practlcal and possible.
Objectives and actlvlllos
The maln aims and objectives of the Conservators are".
11 To protect and preserv8 th8 natural environment of th8 Commons to encourage dlverse flora and
fauna consl818nt its place as an Important habltat wlthin North Devon 8iosphÈré Reserve.
i ) To provido a natural1gi$ure resource for the benefft of the resldents of Torrligton and visitors to the
The Conservators, princlpal actfvitth are conslstent ¥￿th those conGeming the st8wardshlp of a large
countryside estate (365 acres in our casel arKI tWcally indude ujtting, dearing, Flanting. control of
invasive specie8 and w8tercourse management to preserve a mixed landscap9 e$5entially of open
grasslands, thfjld IIow8r meadows, mixed wo¢)dland. hedgerows. rlver, loke and stream. Tha
ConseNator8 tI￿S provlde and preseNe a natural tranqul enwronmenl for walking. relaxation and
healthy acllvlty. We malntaln and repair a nolwork of pathways so that th8 wbiic may enjoy gc#)d
8e£ess to all parts of th8 C¢]mmons.
Page 2

Great Torrington Commons Consorvancy (Common Lands)
Trustees. Report (contlnuad)
Thg Conservators are required under the Act to def8nd the protseted Common from unauthorised 8nd
'unlawful' advlties. from dog-fouling and Ilttering to 8ncroa¢hment across our boundarles. It follows
that much of our attention is ¢oncemed with clearing, d•aniry and prev&nting and also. for exampl6.
d8aling wlth th8 impact of adjacenl planning apt4ications. demands for access and liemslng.
In line wlth our remit to facllltale Igisure activiiias, the Conservatots p8rffl￿ use of a part of thg
Commons to enhance the scope of the local golf course, wlhin strict limitations to protscl th8
environment and with guarantees of ac¢es8. We also provlde and maintaln an open space for pi¢ni¢s
and publlc events and a children's play a￿a vAlh varied play apparatus. During the summer months.
the Conservators operate a pop￿ar car boot moming each week which helps to providg n¢ces$ary
nds.
Public benofft
The trustees confimi that they have complied wlth the requlrements of section 17 of the Charttl8s Act
2011 to have due regard to the Publ￿ b8nefft guldance published by the Charlty Commisslon for
EThJland and Wales.
Achlevem•nts and perfom)ance
A great doal has been achieved by the trustses and staff of Great Torrlngton Commons this year.
With th8 support of the Devon Wlldlife Trust and Natural England. during 2023 the Great Torrington
Commons ConseNators drew up and Submltted a funding application to thg Govemmenys Rural
Payments Agency. The purpose 18 to Increase the biodrv8rslty of th8 Common$ meadows. protecL
and enhance the remaining grassland parcds and preveTrt thelr reverslon to v￿C*jIa￿J.
Maintslnlng Torrington Commons currentty c08ts some £70,000 per annum, for which the Commons
ConseNators rety upon grant in¢ome and charitabl8 donatlons. Startlng in 2024. the Rural Payment
Agency has agreed to contribute over £6.000 annually towards conservirrfJ the nature of Torrington
Common8 and its wildllfe. for the nexi 10 years.
The Agency also agreed to capital grants towards hay cutting, tha plantlng of w￿dflOWer plugs in
Reeds Fleld and Clarkes Meadow. harrowing and wildfiower seed spreading in Tanton's Plain. Funds
have also been agreed to 8nable the ConseNators commence restoration of Ihe Wated(M) Monument
on Castle Hlll.
In additlon to this we have opened our second-hand book shop at Dartinglon cr￿tal In a space next
to the PaVil￿n Café whlth had been empty for a few years. From September we started to fill the
shop wilh books. Firsdy, from the Car Boot storage unli and then from the hundreds of generous
donations from FeOFle frcth and around Torrington. D8rtington Cry8tal have been very supporknve.
providing th8 spaco ront free go all of the money raised go8s towards the everyday costs of lookin9
after your Commons. At the time of writing. the shop has ralsed £2,550. Thls is on top of the money
rais•d by our regular car boot sales, and our stalls at varlous events around Torrlngton.
The Torrlngton Commons 365 SupFQrters group is still growing and ralses around £4.500 a yEar.
Detals about the benefits and how to join this inibalbV8 ¢8n be f￿jnd in the Crler and our website.
The Friends of the Commons conlnue to do a fantastic job litter picklng and keeping the Common8
looklng wonderful. We aro also very grateful to everyone who helps out on stalls or ￿th malntenance
the slgns have all b88n cloaned and repainted reCen￿Y by or* of our volunteers.
Th8re are a numbar of events Fdanrth on the Old Bowling Greon over the Summer i￿lUdI1g the
C8valie¢s Fun Day. Kg Focus Dog Show. The Torrin9ton Music Festlval and The Plough ChldM's
Plcnic.
Page 3

Great Torrington Commons ConseNancy (Common Lands)
Trustoes. Report (continued)
The Dlg The Castle event on the Commons at Barfey Grove, organised by Archaeologlsts Engage
and Great Torrington Futures Group. took place in the Autumn 2023 and was a great success, with
many visitors to the sile from near and far. This project was put In FAace for Iwo reasons. to engage
th• communty in this unusual activity. and to strengthen th8 town's knowledge about its heritage arKI
e$pe¢ialy its Ca$￿e. When the finds have been ccdlated and recorded profe5sk)n811y* and the
necessary reports written, there are plans to h8ve an open event in the to display some of the
artefacts found and relay th8 reports Infornation ab(Mrt the slte.
We continue to monitor and engage V￿th any plannlrKJ applutlons and developments thal may
impact on the Commons. Obvlously. year has seen progress wilh the w0￿S at the old creamery
and the Conservators have ensure(1 that Commons-related issues are considerèd and dealt with
appropriately. whilst supwtng the wc*k belng done. We are also tyng to engage wth thé prop)s8d
development at the old meat fa¢tory and have been workirg with Southwest Water to ty and bring
ab)ut Improvements to Rolle Road caused by their usage for the sewage treatment plant.
Ongolng work to update essentlal reu)rds and pollcios is prograsslng. wlth all our lagal tIU88 havlng
rK>w been brought up to dats.
Financial review
During th8 ended 31 March 2024 the Charity had income totdling £74,581 (2023: £64,967), the
charity had expendliure totalling £88,146 (2023: £73,204). During the yaar tha ch8rlty r6¢elved
restricted In¢om• of £6.11712023: £5,000).
As at 31 March 2024 the ¢harity had unrestrlcted fuThfjs carried fopward of £242.608 (2023: £248.664).
Re8erv48 polity
The Conserrfators have continwl a policy of maintalnSng substantial reseThes. ReseNes are also held
to generate an onwing ino)me from interest and for fulure projects on tho Commons.
Plan8 for futuro p•rlods
Th8 Trustees plan to contlnue m8naglng the Commons and will idontify any opportunlties to Improve
fac￿1￿8$ and access as they arise.
Page 4

Great Torrlngton Commons ConseThancy (Common Lands)
TTustses' Report (continued)
Statement of Trustses. R•sponslbllltles
The Irustees are responsible for preparirKJ the trustees, report and t￿ financ4al statements in
a¢cordance w(Ih the United Kingdorn ALuunUng Standards (United Kingdom Generally AcCep￿j
Accounting Pracllce) and applicable law and regulations.
The law applicabie to charities requires the trustee$ to prepare finan(yal statements for each financlal
year which give a true and falr vlew of the state of affairs of the charity and of the incoming resources
8nd application of resources of the charfty for that Period. In p￿paring these financral statement5, the
lYust888 are required to".
select suit8Lle accountlng rK4icies and then BFoly them c#)nslstenlly.
observa the method5 and pdn¢lples In tho Ch8rlt18s SORP:
makejudgements and estimatss that are reasonable and prudent
state whether appllcable accounting stsndards have been followed, subject to any materfal
departures dlsdosed and explained in tho finanrial statements. and
prepare the financial statements on the going concem basis unless tt Is InapFKOP17at8 lo presume
that the charity wlll continue in busine8S.
The trustees are re8ponsSble for keeping proper aL￿untIng records that disdose ￿th reasonable
accuracy at any tlme the financial position of the d)arity and enabl8 them to ensure that the financial
statements comply with the Charttles Act 2011, th8 Charities (Accounts and Reports) Regulattons
2008, arKI the provisions of the constitution. The trustees are also responsible for safeguardlng the
aBsets of the charty and h8nc8 for taking reasonable ¥tsps for th& pr8vention and dek¢tion of fraud
and other IrregulariUes.
The trustees are respjnsible for the Maintenan￿ and integrity of Ihe ¢orporate and financial
infomiation Inrjuded on the charitable companVs website. Legislation govemlng the preparation and
di$semlnatlon of finanaal slatemenls may dlffer from legislation in otherJurl$dictions.
Tha annual rewrt was approved by the truste88 of th8 charlty cm ... .
bohalf by.
and slgned on Its
Adam Kirtriy
Truste8
Andrew Giles
Trustee
Page 5

Great Torrington Commons Cons•rvancy (Common Lands)
Independenl Examinerfs Report to the trustees of Great Torrington Commons
Conservancy (Common Lands)
I report to the trustees on my examination of the accounts of Great Torrington Commons
Conservancy (Common Lands) for the year &nded 31 March 2024.
Responslbllltlos and basb of roport
As the tharlty tnjstees of Great T0￿Ing￿l Comm(ms Conserrfancy (Common Lands) ar
reswnslbl8 for the preparation of the accounts in accordanco wmh the requlrements of the Charlt18S
Act 2011 ('the Act.).
I report In respèct of my examination ￿ the Graat Torrlngton Common8 Conservancy {Common
Lands)'s accounts carriod out und•r sec11L￿ 145 of the 2011 Act and in Ca￿y7n9 Out my eXaMina￿n I
have followed all the apFAicabl• Directl￿ts ¥von by the Charfty Commlssion under se(aion 145{5)Ib)
oftheA
Indop•ndont oxamlnorfs statoment
I have completed my examination. I confirm that no material matter8 have come to my attenlion in
connedion with the examination gmng m6 cause to believ8 that in any matsrial resp8Ct:
l. accountlng r&cords were not kept In respect of Great Torrtngton Commons Ccfflservancy
(Common Lands) as requlred by sedon 130 of the Act: or
2. tha a¢o)unts do not accord with those re￿rds. or
3. the aco)unts do not comF4y wilh the a￿Unting requ1￿ments (x)nceming the form arKI content of
a¢¢ounts set out in the Charities (Accounts and Rap)rts} RegulaIk￿$ 2008 other than any
requlrement that the a(wunts give a Irue and fair whith 1$ not a matter Considered as part
of an Indepondent examination.
I have Th) concems and have come across no other matters in connectlon wlth the examlnallon to
which attèntlon should ba drawn In thls repth kn order to enable a proper undetslandlng of tt
accounts to ￿ reached.
Catherine Williams FCA DChA
Westcotts ISW) LLP
47 Boutport Street
8amstaple
Dovon
EX311SQ
Page 6

Great Torrington Commons Conservancy (Common Lands)
Statement of Flnanclal Activities for the Year Endod 31 March 2024
Unr•strlct
funds
Restrfcted
funds
Total
2024
Total
2023
Nots
Income and Endowmènts from:
Donations and legacles
Other trading aclivitios
Investment income
Other Income
6,996
14,792
8.789
37.887
6,117
13.113
14.792
8,789
37.887
11,292
13,278
8,308
32,089
Tot81 inco
68,464
6.117
74.581
64,967
Expondlturè on:
Raislng funds
Charitable actlvitles
{291
81,0271
(29)
88.117
(47)
73,157)
{7,0901
Total expondilu
Net expendlture
Other rttognlsed galns
and losses
Other gainsnosses
81,056
7,090
188,146)
73,204
(12.592)
(973>
{13,565)
(8,237)
6.536
6,536
(9,984
Net movement in fvnds
16,056)
(973)
(7,029)
118,221)
Reconclllallon of funds
Total funds brought for4vard
Total funds carrfed forward 19
248.664
5.705
254,369
272,5
242,608
247,340
254.369
AJI ofthe charftys activlues derfve from contlnuing operalh)ns durfng th8 atx)ve two porlods.
Thg funds breakdown for 2023 is shown in nole 19.
The notes on p4e8 9 to 20 fonn an Intègral part of these flnanckql statements.
Pago 7

Great Torrlngton Commons Conservancy (Common Lands)
(Registratlon nUm￿r. 202804)
Balance Sheet as at 31 March 2024
2024
2023
Flxod as6•tB
Tangible assets
Investfflents
14
15
28.724
196,328
38.303
189,792
228.095
225.052
Debtors
Cash at bank and In hand
16
17
3.539
24,133
27,672
33,5C
33,789
Cr•dllorg: Amounts falllng due wlthln on• y•ar
Net current a$8ets
18
7,515
22,288
26,274
Not assets
254.369
Funds of tho charity:
R•$lrlctod Income funds
Restricted funds
4,732
5,705
Unrestri¢t•d in¢om• fvnd8
Unrestricled fvnds
242,608
248.664
Totsl funds
19
247,340
254,369
ncial statements on pages 7 to 20 w8re approvod by the trustees. arKI 8Uthorised for issug C
Andrew Giles
Trustee
Trusteg
The notes on pages 9 to 20 fom an integral part of these finanGial statoment&
Page 8

Great Torrington Commons Cons•rvan¢y (Common Lands)
Notes to the Flnanclal Statements for the Year Ended 31 March 2024
1 knounting poll¢l8s
statfrment of complian
The financial statements have bgen prepared in acc(ffdance with the second edition of the Charitie5
ststement of Recommended Practice issued in October 2019. the Finanrial Reporbng Stsndard
applicable in the Unlled Kingdom and ReputrAic of Ireland {FRS 102) and the Chariti6s Act 2011.
Ba81s of prnparation
Great Torrlngton Commons ConseDMncy (Common Landsl meets th8 definition of a publ1¢ ￿nefft
entity under FRS 102. Tha a¢￿Unts (financial sl8tements) have been prepared under the hi5torfcal
ost Conventi(￿ with items r8cognised ai cost or tranS￿lI0n value unless olherwi5e stated In the
rolwant notelsl to these acc￿nts.
Golng concern
The trustees consider Ihat there are no materlal un¢ertalnties atmyjt the chartys abilty to continue as
a going concem.
Income and endowments
Voluntary income induding donations, glfts, legacles and grarts that FKovide core funding or ale of a
g8neral nature is rewnised when the charity ha$ entluement to the income. it 18 probable that the
income wll be received and the amount ¢4n be measured wlih sufficient reliability.
Donadons and legacles
Donatlons and legacies are reco9nlged on a recelvable basls when recelpt Is probable and Ihe
amount can rellably measur8d.
Gr￿tr rnc•lvablo
Grants are re¢ognlsed vthen the charity has an entsdement to the funds and any eondltlons Ilnked to
the grants have been mel. w￿re perfom)ance conditions are attached to the grant and are yet to be
me( the income Is recognlsed as a liabllty and included on the balanrA sheet as deferred Income to
bo released.
Dlvldonds are recognlsod once the dmdend has been 4Jedarod and notifKation has been received of
the dMd8nd due.
Expgndiluro
AH exp8ndltUT6 is recognised onL% there is a legal or conslrudlve obligatk>n to that expenthture. It Is
Probable Settlement is required and the amount can be m￿Sured Teliably. All costs are allocated to
the appllcable expenditure headiro that aggregate similar G05ts to that category. Where costs cannot
bg dlrecty attributed to P8rUcular headlngs they have been alocatgd on a basis Gonsistsnt with the
use of resourc68, wKh central 8taff costs allocated on the basis of time spent, and depredatlon
charges allocatsd on the FLirUon of the asseys use. Other support costs are allocated based on the
spread of staff costs.

Great Torrington Commons Conservancy {Common Lands)
Notès to the Flnanclal Statements for tho Year Ended 31 Pllarch 2024
(contlnued)
Raising funds
These are costs Incurred In attractlng voluntary incom8. the management of Investments and those
Incurred In trading actlvllies that rai88 funds.
Charitable activltl
Charitable expendlture comprises those costs In￿rred by the charfty in the delivery of Its aCtI￿lIeS
and servicos for Its benefici8ries. It includes both costs that ¢an be allrtated diredy lo such actiwtles
and those costs of an indir6Lt nature necessary to 8UPPOrt them.
Support CO8ts
Support ¢osl$ indude central functions and havo been allocated to actiwty ￿)st categories M a basls
consistsnt with the u8e of resources. for example. allocatlng propety c08ts by floor areas, or por
capita, staff costs by the time spent and other costs by their usage.
Taxatlon
The charlty Is con￿dered to pass the tests set out in PaTagr4ph 1 Schedule 6 of the Flnance Act 2010
and therefore it meets the definibon of a charitable company for UK Corporation tax purposes.
AcKordingly, thé chadty Is potentlalty exempt from taxatlon in resp8Ct of Income or capltal galns
recew8d categorl&s covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxallon of Chargeable Gains Act 1992, to the extent that 8uch income or gains are
applied 8xcluslveiy to charitable wrp08e8.
Tanglble ljxed assets
Individual fixed assets 8re Intllally recorded at cost, less any subsequent accumulat8d depr8datton
and subsequent accumulatsd Impalrnient Ios888.
Depreclallon and amortlsatlon
Depreoatlon is provided on tanglble fixed assets so as to wrlte off the ts)st or valuatlon, les$ any
estlm8ted resldual value. over thelr expected usefvl e¢cffioml¢ Ilfe as follows:
Assot cla88
Plant and Mathl
Depreclatlon molhod and rat•
25% reducing balance
asset Inve$lm8nts, other than Programme related Inveslments. are included at market valuo at
th8 balance sheet date. Reallsed gains and losses on investments are calculated as th8 difference
beknn sales proceeds and thelr market value at the stsrt of the year, or their subsequent Gost, and
are charged or credlted to the Statement of Finanaal Ad1Vtti￿ In the per￿ of disposal.
Unreallsed galns and losses represent the movem6nt in market values during the year and are
cted5ted or c*arg8d to thg Ststement of Flnondal Activitie5 basod M the mthet value at Ihe year end.
Cash and c•¥h •quivalents
Cash and cash equivalents Gomprise Gash on hand and call deposits. and oth•r short4emi highly
IlquKI Investsnents that are readily ￿)nVertibl0 to a known amount of cash and are $ublect to an
Insignificant rlsk of change in value.
Pag8 10

Great Torrlngton Commons Conservancy (Common Lands)
Notes to the Financlal Statements for the Year Ended 31 March 2024
(continuod)
Fund structur•
Unrestrlcted income funds ar8 general funds Ihat are available ￿ use at tho trustees discretion in
fijrtherance of tho o¥ectives of Ihe charity.
Restrlcted income fund5 ar• those d￿ated for use in a particular area or for speclfic purposes, the
use of which is restrictgd lo that area or purpose.
n•n¢W Instruments
Cl•uMlcatlon
Flnancial assets and financial IlabiNtie8 are re￿nISed when the Gharity becom88 8 paty lo the
Contractual provisions of the Instrument.
Inanclal liabilities and ￿Ulty Instruments are classmed accordlng to the SubStsn￿ of the contractual
arrangements entered into. An equity Instrument Is any contract that evldences a resldual intere8t
the assets of the charity after deductlng all of its Ilabilides.
Recognltlon and measurement
All financial assets and Ilabllrt18s are initially measured al tran8action price (indudiNJ transaction
c#)sts), except for Ihoso finandal assets classified as at fair value through profft or loss. whlth ar?
In[￿allY measurod at fair value {whlch Is nom)ally the transaction pr1¢* excluding transaction ¢o$ts).
unless the arrangement constibjtes a financlng tran¥aGtion. If an arrangement constitutes a financirrfJ
transaction, the financial asset or financial liabilty is measured at the present valu8 of the fv￿re
payTn&nts discounted at a market rats of Inter8St for a similar debt Instrument.
Flnancial assets and liabllltles are only offset in the ststement of financial position when, and only
when there exists a legally enforceable right to set off the recogni9ed amounts and the charlty Intends
8ithei to Sgttlo on a net basis. or to realise the ass8t and s•tUe th8 liability simultaneously.
Financial assets are dere(*Jgnised when and ¢)nly al the l￿tractUal lights to the cash
from the financiai asset explra or are settled. b) the diarity transfers to arK>ther party substsntlally 41
of th8 risks and rewards of ownershlp of the financial asset. or ¢) the charity, despite hawng retained
Some, but not all. srgnfficant rtsks and rewards of ownership, has tr8nsferred control of the a88et to
another party.
Flnandal Ilablliues are dere￿gnIsfjd only whw Ihe obligation sp￿￿fied kn the corrtract is discharged.
Ca￿elled or expires.
Investments In nonwconvertlble preference shares and nonyjttable ordlnary or pr8ference shares
(where shares are publldy traded or their fair value is reliably measurable} are measured at fair value
through proffit or loss. Where falr value cannot b8 measured rellably. investments ar8 méasured at
cost loss impainrw)L
Investrnenis in subsidiaries and assoclates are measured at cost les5 impalmient. For investments In
wbsidiaries acquired for conxidarallon Indudlng the issue of shares qual￿ng for merger rellef, cost
is measured by refer8ncè to the nomlnal value of th8 shares issued plus fair value of other
)n8ider8tion. Any premlum Is ￿nOred.
Page 11

Great Torrlngton Commons Cons•rvancy (Common Lands)
Notes to th• Flnancial Stat•monts for the Year Ended 31 March 2024
(continued)
Falr value m•a$urarn•nt
Th& best eviden(* of fair value Is a quoted prlc8 for an identical asset in an aclive Ma￿eL When
quot8d prlces are unavailable, tho price of a recont transaction for an identical asset prowdes
evidence of fair value as long as there h88 not been 8 81gnlfrcant charMJe in e￿noMiC circum8tance8
or a signlficant lapse of tlme slnc8 th8 transactlon took place. If the market is not a¢tive and recent
transactions of an identical asset on their own are not a gocmj estimato of fair value, the falr valu& 1$
estlmated by uslng a valuation ts¢hnlque.
2 In¢omo from donatlons and1ogacle•
Unrestrlcted
funds
Gonoral
Restrlct•d
funds
T¢>tal
2024
Donatlons
Donatlons
Grants
Grdnts receNed
6,746
4.117
10.863
250
2,000
2,250
6,996
6,117
13,113
Unr•strictsd
funds
General
Rostridod
funds
Total
2023
Donallons
Donations
Grants
Grants receivod
6,042
6,042
250
5,0
5.000
5,250
11,292
6,292
3 Income from other tradlng actlvltlg5
UnrostrlGtod
funds
G•n•ral
Totsl
2024
Book Sales
365 SupFrfrters
Fundralslng events
Car B(￿t Sales
Commernoralive Benthos
3,532
4,370
1,373
4,617
900
3,532
4,370
1.373
4.617
14,792
14,792
Page 12

Great Torrington Commons Conservancy (Common Lands)
Notes to tho Financial Statements for tho Yoar Ended 31 March 2024
(continued)
Unro#trictad
nds
G•noral
Total
2023
Book Sal88
365 Supporters
Fundraising events
Car Boot Sales
Commemor8tlve Benches
1.8tXJ
4.460
1.098
5,420
500
1,800
4.460
1,098
5.420
500
13,278
13,278
4 Investmonl in¢om•
Unro9tri¢t•d
funds
G•neral
Totsl
2024
Bank Intorest receivabte
Inv•slment Income
442
8,347
442
8,347
8,789
8.789
Unrestrlct•d
funds
General
Total
2023
Bank interest rec8iv8ble
Investmont incom8
126
8,182
8.308
126
8,182
8.308
5 Oth•r Incom•
Unrostridad
nds
G8neral
Total
2024
Ground Rent
Wa￿eaVes
other income
Subsidigs
Refund of RPA costs
28.492
28,492
1.865
2,449
2,881
2.41)0
2.449
2.881
2.400
37,887
37.887
Page 13

Great Torrlngton Commons Conservancy (Common Lands)
Notes to the Flnancial Statements for th• Yoar Ended 31 March 2024
(contlnued)
Unr•8trlcted
lund8
General
Totsl
2023
Ground Rent
Wa￿eaveS
Other income
Subsidies
26,518
1.065
26,518
1,065
960
32.089
32,089
6 Expendlturo on ralslng funds
a) Costs of generallng donations and lega¢i•s
Unr•8lrlcted
lunds
Géneral
Total
2024
Other direct ¢osts of generating vduntary Income
29
29
Unrestrlcted
funds
General
Total
2023
other dlrect costs of generating voluntary incom8
47
47
7 Expenditure on charitsb￿ actmtles
Unrestrlcted
fund•
General
Restrlcted
funds
Totsl
2024
Allocated support costs
81.027
7,090
88.117
Vnr•8trlct•d
funds
Oeneral
Total
2023
Allocaled support costs
73,157
73,157
Page 14

Great Torrlngton Commons Conservancy (Common Lands)
Notss to the Finan¢lal Statsmonts for the Year Ended 31 March 2024
(contlnued)
8 Analy819 ol support eosts
Support costs allocatod to charltsble acllvltle8
Commons
malntenance
Total
2024
Totsl
2023
Depreclatlon
Staff costs
Indep8ndent examin8rfs f88S
Repairs and maintenance
staff training
TravelliNJ
Light. heat and power
Insurance
RPA ¢0$18
Office expenses
Sundry oxponsos
Advethsing
Accountancy fees
Legal and professional fees
Bad dgbts wrftten ¢)ff
9,579
44,370
756
18.867
300
316
1.354
4.574
2.400
2.527
637
153
1,896
9.579
44,370
756
18,867
31)J
316
1.354
4,574
2.400
2,527
637
153
1,896
12,771
39.613
1,240
7,949
590
1,037
3.755
2,326
435
2.172
250
88.117
88,117
73,157
9 Not Incornlngloulgoing rosour¢o$
Net outw'ng resources foT the year ryidude..
2024
2023
Deprédatlon of flxed assets
9,579
12.771
10 TnrntaK r•muneration and exp•n$
No trustees, nor any p￿$￿S connected wilh them, have rerthed any Temuner8llon from th8 thadty
during ￿r.
No trustees have reca￿ed any reimbur8ed expenses cff any other boneffts from the thadty dudng the
Page 15

Great Torrlngton Commons Conservancy (Common Lands)
Notes to the Flnanclal Statements for the Year Ended 31 March 2024
{contlnu•d)
11 Staff costs
The aggregate payroll ￿5t8 w8r8 as ft4lows:
2024
2023
Staff costs during tho yoar wor•:
W8ges and salaries
44,370
39,613
The average head count of emtAoye8s durlng the year was 4 (2022: 41. The average number of
full-time equlvalent employees during tho ygar is analy38d as follows.,
2024
2023
Number of staff
No employee rece5ved emoluments of mor8 Ihan £60,1))O durfng Ihe ye8r
12 Indép8nd•nt •xamlnoffs r•muneratlon
2023
Examination of th8 financial statements
756
1,240
13 Taxallon
Th8 charity 1$ a registered charity and is therefore exemptfrom taxallon.
Page 16

Great Torrington Commons Cons•rvan¢y (Common Lands)
Notos to the Financial Statements for the Year Ended 31 March 2024
(contlnued)
14 Tanglble fixed assets
Fumlture
and
equlpment
Totsl
Cost
At 1 April 2023
At 31 March 2024
96,615
96,615
96,615
96.615
Doprociailon
At 1 ApTN 2023
Charge for the year
At 31 M8r¢h 2024
58,312
9,579
58,312
9.579
67,891
67,891
Net book value
At 31 March 2024
28,724
28.724
At 31 March 2023
38,303
38,303
Page 17

Great Torrlngton Commons Conservancy {Common Lands)
Notes to the Financial Stat•ments for the Y￿r Ended 31 March 2024
(contlnued)
15 Flxed asset Investments
Other Investfflonts
Other
In￿sIMents
Total
Cost or Valuallon
At 1 Aprfl 2023
Revaluation
189,792
6,536
189,792
6,536
At 31 March 2024
196,328
196.328
Not book valug
At 31 March 2024
196,328
196,328
At 31 March 2023
189,792
189.792
16 08btors
2024
20Z3
Trade debtors
PrepayTnents
199
3.340
289
3,539
289
17 C•sh and cash oqulva10nt8
2024
2023
Cash 8t bank
24,133
33.500
18 Credlkn: amounts tslllng due wlthln on• year
2024
2023
Trade ¢reditor8
other credltors
Acc¥uals
3.238
58
2,088
129
7,332
7.515
Page 18

Groat Torrlngton Commons Conservancy (Common Lands)
Notes to the Financlal Statom•nts for tho Year Ended 31 March 2024
(continued)
19 Fund•
Balance at
1 Aprfl
2023
Othèr Balanco at
In¢omlng Ro8ources rKognl¥ed
31 M)rch
r•sourcos
oxp•ndetyinsl(losses)
2024
UnrestrfGtsd funds
G•noral
General Funds
Inve8tsmerrts
58.872
189.792
248,664
68.464
(81.056)
46.280
196,328
242.608
6,536
6,536
81.056
Rostrlcted funds
Monument Fund
Old Bowllng &e8n
705
5,000
5,705
4,117
(9))
4,732
7,090
4.732
Totsl funds
254,389
74,581
88.146
6.536
247,340
Balan¢0
Other Balance
recogni$•d
at31
galnsl
March
{lo•s•¥)
2023
Aprfl IncornlngRe8ourcoS
2022 ra8ou￿$ fjxppndod Transfvrn
Unro8tri¢tgd fvnds
Gonfrrnl
General Funds
Investments
57,566
199,776
257.342
59.967 (73,204)
14,543
58,872
189,792
9,984
14,543 248,664
9.984
59,967 {73,204
R•stri¢t•d funds
Commemorative bend
Town Counc51 grant
Commemorativ6 benth Mr
Jack80n
Cavaller Bonfire
Monument Fund
WI 90th Trees
Old B0￿Ing Green
1,795
(1.795)
(1,855)
243
10,000
355
1,000
12431
(10.000)
350
(1.000)
705
5,000
5,000
15,248
14,543
5,705
Total funds
272,590 64,967
73,204
254,389
Page 19

Great Torrlngton Commons Conservancy (Common Lands)
Notes to tho Financial Stat•ments for tho Y•ar Ended 31 March 2024
(contlnued)
Investments repr8S8nt the market value ofthe investrnents held wlth M&G and CCL
Restricted funds
Tho Monument Fund 1$ monies donated toward5 the cost of repalring Ihe Watedoo MonumenL
Th8 Old BovAing Gre8n Fund13 monles donated for the repalr of the road lo the ¢ar park.
A review of r8Stricted fund balances was ￿rrIfjd out duriThJ 2023 and it was identified that all other
balances had previously been utilised.
20 Anatysis of n•t assets belwwn funds
Unrestrfctsd
funds
Gèneral
Total funds
at 31 March
2024
RoStriGtod
funds
TangSble fixed assets
Fixed assot investments
Current assets
Current liablllties
28,724
196,328
22,940
5,3841
28,724
196,328
27,672
5.3841
247.340
4.732
Total net assets
242,608
4.732
Unrestrlcted
funds
Genernl
Tolal fund8
at 31 March
2023
Re81rlcted
funds
Tangible fixed assets
Flxed asset investments
Current assets
Current liabllltieg
38,303
189.792
28,084
,515
38,303
189,792
33,789
17,515
254.369
5,705
Total net assets
248,664
5,705
21 Rolat•d party ￿n￿ctIonS
There were no related party transaGlion$ In th8 year.
Page 20