Claude & Margaret Pike Woodlands Trust Annual Report Year Ended 5 April 2024 Registered Charity Number 266072
Claude & Margaret Pike Woodlands Trust Contents Year Ended S Aprll 2024 Contents Pago Refèrence and Administrative Detsi18 Trustees. ReF<Jrt Independent Examiners, Report ststemenl of Financial Activities 10 Balance Sheet Notes and Accounting Policies 12
Claude & Margaret Pike Woodlands Trust Reference and Administrative Details Year Ended 5 Aprll 2024 Legal Status The Charrtable Trust is held and administered by the Trustees in accordance wtth the Trust Deed dated 14 April 1973. 11 is registered with the Charity Commission under reference number 266072. Tru¥tso5 J D Pike Esq Dr P A D Holland Mrs S S Pike The above Tru8tee$ are also the Custodian Trustees of the propety. Prfnclpal Addrè8$ Dunderdale Lawn Penshurst Road Newton Abbot Devon TQ12 1EN Banker8 The Co<Jperative Bank plc l Balloon Street Manchester M60 4EP CAF Charity Service$ CAFCASH Ltd lQ'ngs Hill Vvest Malling Kont ME19 4TA Indepondent Examlner S Austen FCCA Francis Clark LLP Chartered Accountants Sigma House Oak View Close Edginswell Park Torquay TQ2 7FF stockbrokerlAdviser JMFinn&Co 4 Coleman Street London EC2R STA
Claude & Margaret Pike Woodlands Trust Trustees. Report Year Ended 5 April 2024 The Twstees present their annual Teport along with the Financial Statements of th& Trust for the year ended S April 2024. The financial statements have b*n prepared in accordance wth the accounting pol1e$ set out in note 2 to the accounts and comply with the Trust's Trust Deed, the Charities Act 2011 and Accounting and Reporting by charities. Statement of Recommended Practice applicable lo charities preparing their accounts in aOrdanCe wrth the Financial Reporting Standard applicable in the UK and Republic of Ir8iand published on 16 July 2014. Structure, Governance and Management The Claude & Margaret Pike Woodlands Trust is a Charty which was established on 14 April 1973 and is governed by a Trust Deed. It is registered with the Charity Commission undeT reference number 266072. The objects of the Trust are any such charrtable purpose or purposes as Ihe Trustees declare, including the following special objects.. To protect. improve or foster an appreciation of the landscape. natural beauty and amenity of woodlands, copses, or other areas of land in the United Kingdom and the flora and fauna therein for the benefit of the public. To fostsr the growth of specimen trees and shrubs and the establishment of woodlands or copses which by their location will be an inspiration to man in the environment in which he IDies and a demonstration of man's faith in the future. The Trusteeg may also transfer assets to ary incorwrated charity or any ¢)ffieers of any unincorporated charity without being concerned to see the further application of any monies or property transferred. The Trustees administer the Trvsl jointy and they make all trust decisions. In planning the acliwlies of the Trust. the Trustees kept in mind the Charity Commission's guidanco on public benefit at their Trustee meeb"ngs. The main focus of the TTUStee5' actsvities is to manage the Trusfs propertEs at Heathercombe in such a w8y as to Protect and enhance their amenity, wildlife and environmental value and lo open the extensive gaidens to the publi¢ so that th8y can énjoy the bgautrful, tranquil gnvironmenl of the valley. The Trustees are appointed by felbw Tru5tee8. The TrusY8 goveming document dogs not require the reél&lion of Trustees. No payThents were made lo th8 Trustees, except for the reimbursement of expenses. as Shown in note 13. Procedures and Policy for Grant Maklng There have been no changes in the policy or procedures for making grants. The Trustee$ respond lo applications as they receive them. They contsnue to make grants in support of the Trust's Special environmental objects. The Trust approved charitable don8tiorss during the year to eight organisalions tolalling £24,830. These were financed by intsre61 and divsdends received from Investrnènls. The major donations were as follows.. High Heather¢ombe CIC - £20,000
Claude & Margaret Pike Woodlands Trust Trustees. Report (¢ontlnued) Year Ended 5 Aprll 2024 Homeless in Teignbridge Support- £2,000 Brtt18h Red Cross - £500 Newton Abbot Community Tr8nsport- £100 Devon Birds - £50 MED Thealrg- £1,400 Newton Abbot & District Society ofArts- £750 Internalional Tree Foundation £30 Achievements and Perfomiance of the Trust Heathercombe Woodlands and Garffjns The Trust ¢)wns Healhercombe Woodlands in the parishes of Manalon and North Bovey in the Dartsnoor National Pafk. These woodlands comprise approximately 76.1 hectares In Healhercombe valley, 9.5 hectares known as Badger lor Vwelll Vvood, 5.8 hectares known as Jals Grave Wood, and 22.9 hectares known as Lt)wer Langdon Wood- a total of approximalety 114 hectares. The woodlands are in an environmentally sonsilive area adjacent lo the open heather moorland of East Dartmoor SSSI. They a. or are potentially, part of the 'temperate rain forest, of western Brttain. Whilst much of the land has been dedicated to commercial forestry since the nineteenth ntury, that in Hoathercombe valley hosts a wide variety of native wild flowers, fems. bryophytes, lichens and fungi, many associated with the temperate rainforest habf(*. Heathercombe vall&y also includes an arboretum with a large eollecthJn of interesting specimen trees and shrubs, including over 120 varieties of rhcdodendron, woc%lland walk5 besid8 streams and ponds and a variety of garden areas. On Heatree Down there is an area of Tough moorland grazing. Here and in the adjoining woodland there are several groups of Bronze Age hul circles and associated reeves. The woodlands in Healhercombe valley are traversed by the Two Moors Way (Eastern route) long distance public footpath and by a public bridleway lo Grimspound. As a result many walkers pass through the ValY. In April 2016 the Tru$teg$ declared their Statement of Policy and Objecttves for the Management of Heathercombe Woodlands. Those parts of Heathercombe Woodlands that are dedicated to commercial forestry a managed by Fountains Forestry UK Limited in dose consultation with the Trustees - as Ihgy have been since the 1960s. The Trustees manage Healhercombe Woodlands with 8 wew to fvlfilling the foll¢Mng objectivg$'. the prolectson and enhancement, in conjunction with good sifvicullural practicE, of the landscape and amenity value of the wwdlands", the advancement of wildlife conservation and biodiversity in the woodlands and adjacent environment., the development of Heathercombe arbor81um and collections of plants of 8pecral horticultural interest.. the furtheranee of public access lo Healhercombe and appreciation of its flora, fauna, management and history., and the mainlen8nce and development of th8 footpaths, lakes, waterfalls, plantings and other amgnib'es that enhance public interest and enjoyment of the woodland.
Claude & Margaret Plke Woodlands Trust Trustees. Report (continued) Year Ended 5 Aprll 2024 Forestry Following the felling of almost all of the conifer plantations in Healhercombe betw&rb 2010 and 2018 and the rèplanting with both broadleaved and conrfer species, the landscape of the valley is taking on its new appearance and habitat. Conifers are no longer the dominant species, the 'garden' areas beside the streams at the bottom of the valley that are opened lo the public now being surrounded by native broadleaved species such as Oak. birch and rowan. A number of aroas, particularly bog and m8r8hy areas having the best potential as habilats for important native plants, have been left open and unplanted to allow the growth of native plants. The WKle varigty of conifers planted on the higher slopes are going ahead well, notable the extraordinary natural regeneration of Srtka spruce on Newtak@. Expenditure was incurred dullng the year in weeding, $pacin9 and protecting the young nifers and in controlling r8growth of conifers in areas planted wth natve broadleaves. Conseryation and Biodiversfty The survey of bryophytes in Healhereombe. referred to in the previous yeals annual report, way substantialty completed during the year. The sutvey idenlffied over 200 varieties of mosses and INerworts. reflecb'ng Heathereombe's lemrate rainforest habitat, including a handful of locally scar¢9 species, particularly those associated wrth wetwoodland and streams flowing through the valley. The Devon Bryology Group of the Devonshire Associabon reported in the 2024 'Transaclions' that thirty new hectsd records had been found al Heathercombg in 2023 including fyvo bryophytes that had not been recorded in Devon for over a hundred years. A visit lo Healhercombe by the Devon Fungus Group was hosted in September 20231140 varieties of fungus had been identified in previous visits by the Group in 2006 and 20071 and by the Devon Bryophyie Group in October 2023. The suNey of wikl flowers, grasses, trees and ferns in Healhercombe completed during 2022-23 identffied a total of 386 different species of which 33 are native. The results can be compared with those of David Rogers, 2005 ecological survey. Within Heathercombe valley the recent survey has now identified the folbwing native species.. 198 wild flowers (compared with 109 identified in 20051, 60 grd5ses, rushes and sedges {35 in 2005120 ferns and horsetsils112 in 20051 and 37 trees and shrubs. On Trust propety outside the valley a further 23 native species have bèen identrfied. Of the wild flowers, one is calegorised in England as endangered, 6 as vulnerable and 22 as near- Ihrealened. Of the native plant speCs, 3 are rare and 16 aré ¢xcasional in Devon. The Botany Sectbon of the Devonshire Association reported in the 2024 'Transactions' that four dandelion species new for Devon had been found 8t Heathercombè. The discovery of a self-sown Alpine Wood-fern (Dryopteris wallichianal in Heathercombe- the first UK record of a plant found outside a garden setting - was reported in the December 2023 edition of'Brith Wildlrfe, and 2024 Transaction$ of the Devonshire Assoctalion The ongoing study of the native plants will help the Trustee$ protect and enhan¢9 the habitats of the plants at risk. The plant lists are being added to the Tru8Ys heathermbe.cOM website. In June 2023 an approach was received from Devon Wildlrfe Tnjst for Healhercombe to parbcipate in Defra's East Dartmcx)r Landscape Recovery Area Scheme, on which the Wildlrfo Trust Is leading. East Dartmoor is an exceptionalty diverse and wildlife rich area in whh species recovery is recognised nationalty as import8nt. After visiting in August, the EDLFIA Development OffKgr concluded Ihat'you have a beautiful and varied estate that tsffers a we81th of opportunities to restore and recreate species rich habitats which could further complement the habitsls and species that your12nd alreaty supports.
Claude & Margaret Plke Woodland3 Trust Trustees. Report (contlnued) Year Ended 5 Aprll 2024 Your estate could play a key role within the East Dartsmoor project and help to proloct rare and threatened species....Heathercombe support5 a wide variety of habilals and species_ Over 500 species of plant have been recorded including over 160 species of mosses and hepatics. The egtste supports temperate rainforest habilal, species rich meadows, orchards, wel woodland and remnants of rhos pasture I fen meadow. Some notable species include,. willow tit, hazel gloves fungus, elegant male fern, and marsh cinquefoil. Meetings were subsequently hekl to identify how the most valuable existing and polenb'al habitats could be improved by more focused management. including the reversion of certain areas of conrfer plantatson lo their original natural state Iwrth Foresty Commission permtssionl. The fauna of Heathercombe have not recently been studied in detail. However thirty-four nest boxes are maintsined and inspected weekly during the spring. In 2023 twenty-three of the boxes were used, three by pied flycatchers and the olhefs by blue tits, great tits and nulh8tehe5. One hundred and nine birds were fledged including nine pied flycatchers. In March 2023 a willow lit was seen and its call recorded. 11 is thought that this could be one of the last sighb'ngs on Dartmoor of this Red Listed and Ialty scare bird. The p¢Jpulation of fallow deer in East Dartmoor has been increasing steadily and together with roe deer are causing serious problems because of their predation on many native trees and shrubs. In Heathercombe some plantings of native trees such as oak, birch and rowan have been regularly browsed, preventing them from growlng above Ihetr protective lubes. As part of the Landscape Recovery Scheme a thermal drone deer SUTvey was carried out one day in November 2023 by the Woodland Trust. This disclosod the pSenCe at that lime on the Trust propety within and outside the valley of aiy)ul thirty falk)w and Toe deer and one red deer. A suNe*y conducted by th8 Devon Wildlrfe Tru8t in August concluded that Heathercombe had habitats suitabl? for pine marten8, which were planned to released in East Dathoor in 2025. Estate Maintenance Routine work on estate maintenance continued during the year. including the removal of windblown trees, the annual flailing of wildfiower areas and woodland rides. the regular Cutting of grass, the mainlenonce of footpaths, the repair of fences and the care of young specimen te8 and shrubs planted in the developing arboretum areas of Oak Park and the former Silka Wood and in the older arbor6tum and woodland garden areas. Attentbon was given to the control of grey squirrels and invasive plant species including Himalayan balsam, American 8kL¢nk cabbage, hemlock water dropwort and braGken. A sweet chestnut tree that was felled was milled into planks for future use on the estste. Further milling of the redwood trees that were wndblown in 2018 was carried out and th8 resultant planks used for cladding a porch and breakul space for the Forest Room at High Healhercomba. A $urvey was conducted by Defra In October 2023 to deteThnine whether the fungal disease Phytophthora ramorum was present amongst the speeimen rhododendrons and similarty-vulnerable shrubs, bul none were detected. Publ1¢ Access Two popular walking routes pass through Heathercombe including the Two Moors WayNarine, Way, which is flailed once a year. A small piece of land at Lower Langdon is designated as 'Access Land, where the public ale free to walk.
Claude & Margaret Plke Woodlands Trust Truslees. Report (continued) Year Ended S Aprll 2024 Heathercombe woodlands are open to visits by arrangement at any lime of the year. Details of all access arrangements including contscts are published on the Trusts heathercombe.com website. A¢56 is onty restricted lo avoid conflict with tree-felling and similar management 8Ctivilies, to prevent the spread of disease or when high winds pose 8 danger of falling branches OT windthr¢)w. Wild Camping and fires are not permitted, the public being alertod at times of high fire risk. Visits on 'open days, and 'by arrangemeny behveen April and October are for the benefit of the charf(ies of the National Garden Scheme which advertises this faalty in its annually-issued Garden Visitorfs Handbogk {'the Yellow Book"}, and for Rowcroft Hospi, Torquay. V1811ors are provided with a guide leaflet and have the benefit of incised oak signage around the grounds. In 2023 self-service teas were m*le awailable in Heathercombe North garden but picnicking is encouraged. During 2023 Healhercombe gardens were open to the publi¢ for 37 'oFen' days, the first on 26th March and subsequently on every day except Monday in most weeks ljetween 7th May and 2nd July- tre limes when daffodils, bluebelb. many shrubs {including the18rge collection of specimen rhododendrons) and me8dr)w flowers are in bloom. A lolal of 653 people wsited the gardens on those day and a few people visited on other days 'by arrangement, between April and October. The Charge for admission to the gardens was £6 per aduh. In addition, donations for Rowcroft Hospice were received for the seif-service lea8, coffees and biscuits. Th8 tt)tal proceedy wefe £4,935, of which £4.032 was paid to the NGS and £903 to Rowcroft Hospice. Heathercombe 8rnke.' The High Heathercombe Cen The Trust acquired Heathercombe Brake in 2000 and Subsequent refvrbished the purpose-buik hostel on the property now known as the High Heathercombe Cenlre. The Centre is situated in a splendid elevated localion above the woodlands and adjoining the open moor and is sel in about t.7 hectares of its own grounds. The Centre is managed on a charitable basis on behaw of the Trust by High Heathercombe CIC of which the directors are Penelope Holland. Gareth Keene. Tarn Lamb, Charlotte Oliver and John Pike. The CIC employs 8 resident housekeeper to clean on changeovers, to welcome and provide support for visiting groups and to assist with adminislralion. The main Centre building wa$ re-roofed in August 2023 and a porch and breakout space were added to the Cenlre's Forest Room, clad with the pL9nks milled from the windblown redwood trees mentioned ats0. During the year lo April 2024 26 groups Stayed at the Centre. CouTses run by the groups included permaculture, drug rehabililalion, meditation, dramalhorapy, disadvantaged family respf(8 and dance. Some regular groups found more difficulty in filling their courses due, it is understood, paruy to Cost of lniing issues. South Heathercomb The Trust's South Healhercombe propety. which it acquired in 2005. is a traditional Dartsnoor long house dating back to the 15th century.11 is occupied by the senior eslale worker so that he can control actNities in the valley and respond to emergencies.
Claude & Margaret Plko Woodlands Trust Trustees. Report (continued) Year Ended S Aprll 2024 Flnan¢ial Revlew, Investment Policy and Reseryes The Trust's policy on r8serves is lo endeavour to ensure long term financial sustainability for the achievement of the Trust's charitable objectives, and in particular the maintenance of Heathercombe woodlands and gardens, by holding sufficient reserve5 in the form of investments so that the annual income therefrom, combined with any income from the Trusys properties and commeIal forèstry actity, is sufficient lo eover the Trusys annual expendrture. The Trustees will regular considgr whether there is need lo revise thi8 policy. The Trustees adopted a revised Investsnenl Policy Statement in January 2017. This sets out the overall approach of the Trust to investments and the broad framework within which decisions are made concerning investments. The Trustees will keep under review the arrangements under which J M Finn & Co acts as th8 Truslees, stwkbrokerladvi8er. The accounts disclose a net increase in fvnds of £41.124 (2023.. £425,117 decrease). Totsl income received was £67.95212023'. £67,691). ExperKlilure totalled £184.87512023.' £191.092). The realised and unrealis8d gains and losses on the investsnent portfolio during the year amounted to net surplus of £158.04712023.' defi1 £301,716). Th8 closing share investment portFolio valuation at 5 April 2024 amounted to £2,459,05212023: £2,409,946). The investment portfolio and cash deposits provided inlgrest and dividend income of £56,38912023" £57,054). The inwme generated from portrolio and cash deposits held is currently adequate for the needs of the Trust Future Plans The Trustees will continue lo manage the woodlands in and around Heathercombe in accordance with their April 2016 Statement of Policy and Objectwes for the Management of Heathercombe Vvoodlands. This will continue to focus on the eare of the young broadleaf and conrfer trees planted since 2010 and on Heathercombe's wild plants, paying particltlar attention lo the ferns. mosses, livemorts, lichens and fungi of Heathercombe. recognising the importance of its habitat as part of the 'temperale rain foresf of the west of Britain. The Trusl¢os plan lo improve the infomialion aboLrt the trees planted in the wotsdlands for the benefit of walkers on the footpaths running through Heathercombe and update the information on the H8alhercombe website about the woodlands. gardens, wildlrfe and history of Heathercombe. The Trustees will continue to develop the woodland gardens and ways in which the public can enjoy them. The Trustees will also continue lo make modest grants in accordance with the policy indicated above. The Trustees have taken adv on the possibility of converting the Trust into a Charitable Incorporalgd Organisalion (CIO) so as to make it easier lo attract new charity trustees hamng a wider range of skills and interests.
Claude & Margaret Pike Woodlands Trust Trustees. Report (continued) Year Ended 5 Aprll 2024 Statement of Trustees, Re8ponslbllltles The charty IrLbStee8 are r8spon8ible for preparing a trustges, annual report and financial stslements In accordance with applicable law and Unrted Kingdom Accounting Standards {Unf(ed Kingdom Generally Accepted Accounting Pradicel. Charity law requires the Trustees lo prepare financial statements for each financial year which give a tre and fair view of the state of affairs of the Trust at the year end and of its incoming resources and resources expended during that year. In preparin9 those financial statements, the Trustees are required to.. select suitsble accounting policies and then apply thom consistently, observe the melh¢JJs and principles in the applicable Charities SORP. make judgments and esb"males that are reasonable and Prudent., State whether applicable accounting standards and statement8 of recommended pradice have bèen followed subject lo any departures disdosed and explained in the financial slalements,. and prepare the fin8ncial statements on the going concem bash8 unless il Is inappropriate to presume that the Trust will continue in business. The Trustees are responsible for keeping proper aceounling records which disclose with reasonable accuracy al any time the financial position of the Trust and enable them lo ensure that the financial $tstemenls compty with the Charrties Act 2011, the 8pplicable Charities (Accounts and Reports) Regulations, and the provisions for the Trust Deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fratsd and other irregularities. Signed on behalf of the Trustees MrJ DPike
Claude & Margaret Plke Woodlands Trust Independent Examiners, Report Year Ended 5 Aprll 2024 I report to the Trustees on my examination of the account of the Claude & Margaret Pike Woodlands Trust for the year ended 5 April 2024 wh¢h are set out on pages 10 10 18. Responslbilities and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requiremonts of the charib.es Act 20111'lhe Acl'l- I report in respect of my examination of the Trust's account$ rrIed 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 Commisslon under section 145{5){bl of the Act. Independent examinerfs SLitement I have completed my examination. I confirm that no matertal matters have come to my attention in connection with the examinatson giving me cause to believe that in any malerial r8specl'. 1. accounting records were not kept in respect of the Tnjst as required by section 130 of the Act., or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the applicable requirements concerning the form and content of 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. 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 lo enable a proper und8rstanding of the accounts lo be reached. S Austen FCCA Francis Clark LLP Sigma House Qak View CIo8è Edginswell Park Torquay TQ2 7FF Date: 4 February 2025
Claude & Margaret Pike Woodlands Trust Statement of Financial Activities Year Ended 5 Aprll 2024 Unrestricted Fund 2024 2023 Not9 Incomo from Donations and legacies Investments Other activrties Charitsble activities 56,389 10,93S 628 57,084 10,637 Totsl Incomè 67.952 67,691 Exp8ndlture Charitable aetivities (184,875) 1191,0921 Net gainsl{loss) on investments 10 158,047 {301,716} Net incomgllexpenditurel and Not movemont in fund8 41.124 1425,1171 Reconclllatlon of Funds: Tot81 funds brought forward 3,822.570 4,247,687 Total Funds Carried forward 3 822 570 Repre8ented by Fixed assets Invesknenls Current assets Current liabilities 1,348,635 2,459,052 100,057 {44,0501 1,362,356 2,409,946 92,863 142.595) 3 822 570 Total Fund5 carried forward 3 863 694 The rK)t8s on pages 12 to 18 fomi part of these accounts. 10
Claude & Margaret Pike Woodlands Trust Balance Sheet Year Ended 5 Aprll 2024 2024 2023 Noto Flxed a88ets Tangible fixed a$58ls Investments 1,348,635 2.459.052 1,2.356 2,409,946 10 3.807,687 3,772,302 Currgnt assets Debtors Cash at bank and in hand 11 28,614 71,443 44,236 48,627 100,057 92,863 Llabilitlos Creditors - amounts falling du8 Within one year 12 {44.0501 {42,595) {42,595} {44,0501 Nèt currnnt a$sots 56,007 50,268 Totsl net assets 3,863,694 3,822,570 The funds of the Charfty Unrestricted funds 3 863 694 3 822 $70 These accounts have been prepared in aecordance wrth the frnancial reporting stsndard {effecttve January20201. Slgned on behaw of the Trustees on.. 31 ts2S MrJDPike Trustoe The notes on pages 12 to 18 form part of these a9nts.
Claude & Margaret Pike Woodlands Trust Notes and Accountlng Policies Year Ended 5 April 2024 Goneral Infomi•tion The Claude & Margaret Pike Woodlands Twst is a charty registered wrth the Challty Commission undor reference nLsmber 266072. It is held and administered by the Truslees in accordance with the Trust Deed d8ted 14 April 1973. The address of its principal place of business is.. The Heathercombe Estate Manaton Newton Abbot Devon TQ13 9XE 2. Accountlng Policie8 The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of these financial ststements are as follows.. la) Basls of prèparatlot) and asw8ment of going concgm The accounts {financial slalemenls) have been prepared under the historical cost convention with items recognised at Cost or transaction value unless otherwise stated in the relevant nole{5} to these accounts. The financial statements have been propared in accordance with the Chanties SORP IFRS10212nd Edition and Reporting by Charitses- Ststement of Recommended Praelice applKable to charrties preparing their account$ in accordance with the Financial Reporb"ng Standard applicable in the UK and Republic of Ireland and the Financial Reporting Standard applicable in the Unrted lQngdom and Republic of Ireland IFRS 1021 and the Charib'es Act 2011. The awounts have been present4 in sleding and rounded to the nearest £. The Trust conslitules a public benefit entity as defined by FRS 102. The Trustees consider that there are no material uncÉrtainties about the Trusys ability to continue as 8 going concem. Ibl In¢omo recognition All income is recognised once the charty has entitlement to the income, it 5$ probable that the income will be received and the amount of income recgivable can be measured Teliably. Donations are recognised when receivable. Lega¢i&s are included where the Charity is advised by the personal repSentstiVe of an estate that payment will be mad8 or property transferred, and the amount involved can be quantified. Legacies subject to 8 lrfe interest held by another party are not aOUnted for until their death. Inve$tment incomfj 1$ recognised on a receivable ba$1$ when notified by the financial adwsor. 12
Claude & Margaret Pike Woodlands Trust Notes and Accounting Pollcies (continued) Year Ended 5 Aprll 2024 (¢) Expgnditiire rocognitlon Expenditurè is included on an 8ecruals basis and is shown gr053 of Irrecoverable VAT. AII expenses Including support costs, governance costs and management costs 8r8 alk)cated to charitable activities. Grants payable are recognised when payment is authorised, and the recipient notified. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Idl Invè8tmgnts Investments are a form of basic financial instrument and are Original recognised at their transacb'on value and subsequenty measured at their fair value at the balance sheet dale using the quoted market price. Realised and unrealised gains and losses on the investments ara creditedjcharged direclty lo the Statement of Financial Activities. (o} Flxgd assets and doproclatlon Fixed assets are included in the accounts at their historical cost with the exception of tangible assets donated which were included al market value at that time. Tangible assets other than freehold land are depreciated over th8ir 8stimat&Y L+8eful lTrves, at the following rates".- Freehold buildings Property improvements Motor vehicles Fithres and fitb.ngs 2% Straight line 2% Straight line 25% Reducing balan 25% Reducing balanca {1) Fund accounting The Tiust has only a general fund whith il uses for charitab16 purp08e$ at its discretn. Trustsos. EmolufflentslKey Managomant Pgrsonnel The Trustees are the key management personnel of the TnJ$t No Trustees receive any remunoralion. Details of expenses reimbursed to Trustees are shown in note 13. Taxation The Trust is a registered charity and accordingly is exempt from taxation on it8 income and gains where they are applied fr)r charitable purposes. 13
Claude & Margaret Pike Woodlands Trust Notes and Accountlng Pollcles Icontlnued) Year Ended 5 Aprll 2024 6. Income 2024 2023 {a) Donations and L•ga¢les Governmenl Grants Donèlions (bl Investment Income Dividends Foreign dividends Bank intere81 47,249 8,381 759 46,487 9.811 756 56,389 57.054 Icl Other a¢tlvitigs Rent Grazing Wayleave Gain on disposal of fixed assets 9.240 8.310 975 720 1,140 1,187 10.935 10,637 {d) Charltable actlvltl08 Woodland haulage and sPQrting in¢om 828 628 6. Expondlturn AGtlYitie6 undartakgn dlrectly Grant Funding T¢tsl 2024 Total 2023 Not8 Charitable expenditure Support of other organisalion8 Support of other charitsble organisakn'ons Investment management costs Gov8manc8 Professional fees countanl Independent examination - Accountsncy 144.394 144,394 164,346 24,830 24,830 11.001 9,030 11,351 11,001 1,805 1,075 3,575 1,075 3.575 1,050 3,510 160,045 24.830 184.875 191,092 14
Claude & Margaret Pike Woodlands Trust Notes and Accounting Policies (contlnued) Year Ended 5 Aprll 2024 Analysls of Charitable Expandltur• 2024 2023 Employment costs Depreciation Amenity Woodlands Forestry 69,689 15,461 15,652 33,845 2.563 78,435 16,300 29,486 23,883 2,517 665 6,517 6,584 Maintenance & repair Costs Fountains Forestry Ltd costs Forestry insurance Repairs and improvements Repairs and mainl8nance Council tax etc. insurance, heating High Healhercombe SoLrth Heathercombe (including Waysidel 843 6,145 144.394 164.346 Included in the accounts are recharged wages and costs of £69,689 {2023". £78,435) relating to 3 ernployees, the average number in the pertod. The TrusY5 share of Employer National Insurance contributions amount lo £2,51112023'. £2,604}. Included in wage costs is a provision for pension contribution$ of £4,37212023.' £4,136}. No employees were paid in excoss of £60,000. Analysi$ of Grants Payablfr 2024 2023 Charitable grants 24,830 9,030 24.830 9.030 Grants totalling £24,83012023'. £9,030) weye paid to 8 organisation during the year. The following grants to organisalions were made during the year.. High Healhercombe CIC Homeless in Teignbridge Support British Red Cross Newton Abbot Community Transport Devon Birds MED Theatre Newton Abbot & Dislriel Society of Arts International Tree Foundation £20,000 £2.000 £500 £100 £50 £1,400 £750 £30 15
Claude & Margaret Plke Woodlands Trust Note$ and Accountlng Policies Icontinuedl Year Ended 5 April 2024 9. Tangible Fixed A88et8 Freehold Land Property and bulldings Investments Fixture8 & fitting8 Motor Vehi¢le8 Total C08t At 5 April 2023 Additions Disposals 1,316.046 225,035 86,228 1,740 {8,5741 79,394 29,386 8,574 1,656,695 10,314 18,S741 At S Aprll 2024 1.316,046 225,035 37,960 1.658,435 DepreciatSon Al S April 2023 Charge for the year 114,956 6,536 78,929 4,700 73,275 1.530 27,179 2,69S 294,339 15,461 At 5 Aprll 2024 121,492 83,629 29,874 309,800 Not book value At 6 Aprfl 2024 1,194,584 141.406 4.589 1.348.635 Al S April 2023 1.201.090 146.106 12,953 2,207 1,362,356 The above are all used in direct furth8ran¢g of the Trusys objects 10. Flxod Assgt Invo8tm8nts 2024 2023 Quoted invesknants.. Market value al 5 April 2023 (including cash) Additions Disposals Fair value adjustment Movement in cash 2,409.946 208,895 1313,9381 158,047 {3,8981 2.459,052 2,642,730 240,320 {196,9831 {301,7161 25.595 Markèt value at S April 2024 lincludlng cash) 2.409,946 Net cash released from investments during the year was £100,00012023.. £80.000 deposrted). Investments in UK (including cash) Investrnents oulsKlo the UK 1.652,644 806,408 1,672,058 737,888 9.052 2,409.946 Historical cost at 5 April 2D24 (including cashl 1.751,538 1.747,641 16
Claude & Margaret Pike Woodlands Trust Notes and Accountlng Pollcles (continued) Year Ended 6 Aprll 2024 11. Dobtorn 2024 2023 VAT Trade Debtors Other Debtors 859 1.780 2S,975 2.207 15,888 26,140 28,614 44.236 The Trust is also enlilled lo tsvo bequests subject to life interests held by another party which have not teen accrued in these accounts. 12. Croditor8 2024 2023 Trade Creditors Other Creditors AccruaFs 514 39,536 4,000 1,814 36,388 4,393 44,050 13. Related Party Tran$actlons al None of the Trustees were remunerated during the year {2023.. Nill. b) Three workers employed by J D Pike, S S Pike and P A D Holland. the Trustees, were engaged on a part b.me basis lo maintain. repair and develop the amenity woodlands, High Healhercombe and South Heathercombe. The Trust reimburses J D Pike the expenses that are attributable to their engagement by the Trust. c) No axpenses are paid to Trustees other than the reimbursement of expenses bome on behalf of the Trust which amounted to £67,75612023.. £95,1621 and included £65,957 of wages, costs. At the year-end £39,536 was owed to the trustees by the tru$l12023'. £36.3881. dl During the year. the Tmst received an income of £8,22012023'. £7.8001 in respect of the livin9 accommodation al South Heathercombe occupied by an estate worker employed by J D Pike. S S Pike and PA D HolLand. 17
Claude & Margaret Pike Woodlands Trust Noles and Accounting Policies {continued) Year Ended 5 April 2024 13. Related Party Transactlons (contlnuedl el The High Healhercombe Centre owned by this Trust is occupied by High Heathercombe CIC, Community Interest Company (formerly High Healhercombe Trust), the directors of which during the year were J D Pike, Dr P A D Holland. G. Keene, T. Lamb and C. Oliver. The directors received no salaries or benefits from High Heathercombe Trust. During the year the Trust recharged expenses relating lo High Healhercombe of £nil12023'. £13,760). At the year-end £1.78012023.' £15,888) was owed to the Trust by High Heathercombe CIC relating to wages recharged in 2023. During the year grants tolalling £20,00012023.. £nill were awarded to High Heathercombe CIC to assist with property repairs. Other High Healhercombe repair costs borne by the trust lotslled £196 12023= £6651. The TTUStee8 consider the activities of High Heathercombe Trust are in line with the aims of the Trust and therefore can be properly supported. A £100 grant was also awared lo Newton Abbot Community Transport Association, a charity which J D Pike is a trustee of. 18