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
pol￿1e$ 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 a￿OrdanCe 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 Val￿Y.
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 nat￿ve 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 lem￿rate 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 speC￿s, 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'Brit￿h 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 heather￿mbe.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 wh￿h 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
I￿alty 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 p￿SenCe 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 t￿e8 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 break￿ul 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 comme￿Ial forèstry acti￿ty,
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.' defi￿1 £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
tr￿e 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 a￿9￿nts.

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 present￿4 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 rep￿SentstiVe 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 a￿OUnted 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 discret￿n.
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