STONE WALLING ASSOCIATION ANNUAL REPORT AND SUMMARY ACCOUNTS 2021- 2022 Friendship Bridge, RHS Harlow Carr Garden
Contents Office Bearers Page 3 Current Honorary Life Members Page 4 Trustee Board Members Page 4 Chaimian's Report Financial Report Statement of Financial Activities Page 5 Page13 Page 14 Balance Sheet Page15 Summary ol Branch Annual Retums Branch Officers Page 16 Page 18 Membership Re(ords Page 19 ¢)DSWA 2022. All right5 are reserved. No part of this publication may be ryoduced, stored in a retrieval system or transmitted in any form or by any means- electronic. mechanical, photocopied, recorded or othew5e, wthout the prior and Yffltten permission of the Dry Stone WallingAssL*fdtion. DSWA, Lane Farm, Crooklands, Milnthorpe, Cumbria, LA7 7NH www.d5wa.LKg.uk Registefed Charity Number 289678
Office Bearers PATRON HRH The Prince of Wale5 2006- Her Grace, The Dowager Duchess of Devonshire 1990- 2005 PRESIDENT The Lord Cavendish of Furness DL 2008- ryan Hough LCG 2005- 2008 Ken France 2002- 2005 ryan Hough, LCG 1999- 2002 Terry Eggleshaw, MBE 1994- 1999 Ramsay Rainsford Hannay 1989- 1994 Mrs E Murray Usher of Cally, OBE 1968- 1989 {part as convenorl VICE PRESIDENTS Brian lones Bill Noble Tom Norris Chris Stephens Paul Clayton 2020- Ray Stockall 2013- 2020 Alan Devonport 2010- 2013 Richard Love 2004- 2010 Paul Webley 1994- 2004 Terry Eggleshaw MBE 1983- 1994 Eric Boyes 1982- 1983 Peter Wilson Retired 1982 CHAIRMAN DEPUTY CHAIRMAN Tracey Biackweli CRAFT SKILLS CO-ORDINATOR Andrew Loudon TREASURER Linda Ciarkson
Current Honora Life Members J R Bown. l K Dewar. J Riddick. F E Shields OBE. FRAgS, Mrs J Simpkins. P Webley DSWA Trustee Board Members Se t 2021- Au 2022 Tracey Blackwell Andrew Loudon Paul Clayton (Chairman) (appointed March 20221 Cuthbert Noble Brian Hartley Lydia Noble Peter Isherwood lack Taylor {appointed 2022) Emma Yates (resigned 2022) Pamela Kirkup {appointed 20221 FourTrustee Board meeting aTe heid during the period covered by this report Banks HSBC Bank plc. 331 Lord Street. Southport. PR8 INJ Solicitors Milne Moser. Solicitors, Westmorland House. The Square, Milnthorpe. Cumbria. LA7 7QJ Insurers NFU Mutual Insurance Society Limited. Prospect House. Meadow Bank Business Parl Shap Road. Kendal. Cumbria. LA9 6NY
Annual Re 0rt1Se tember 2021- 31 Au ust 2022 Introduction Welcome to the latest annual report for the Dry Stone Walling Association, covering the period mentioned above. We start by extending our good wishes to His Majesty The Kin& on his accession to the throne, whilst also acknowledging that it is a time of sadness and change. The DSWA has been privileged to have Prince Charles, in his role as The Prince of Wales, as its Patron and we wait to see if this can be continued. After almost two years of events being cancelled or postponed due to the pandemic. the Royal Garden Parties were once again back up and running. DSWA has been fortunate enough to receive an invitation for a representative to attend these events and we were delighted to be able to offer the place to Sally Fielding from Dorset. who enjoyed the day at Buckingham Palace in May. Small changes at the DSWA office in that it is now closed on Fridays. We are also pleased to welcome Kate Dymock as our new Training & Education Coordinator, who is full- time and takes over from Linda Clarkson who has retired from that role. However, Linda is still involved with the Association in her role as Treasurer. Governance At the Annual Gerra1 Meeting in March. we said farewell to three of our long- standing Trustees. Gordon Hicks. Ray Stockall and Trevor Wragg and extend our thanks to them for their help and commitment over the years. We were pleased to welcome Pamela Kirkup on to the Trustee Board as a new Trustee and also to have lack Taylor returning for a further tem of office. The Association cfropted Cuthbert Noble on to the Trustee Board for a one- year period. which brings the number of Trustees to ten. However. during the year we were sorry to receive the resignation of Emma Yates for personal reasons. We extend our thanks to Emma for her contribution to the work of the Trustee Board during her time as a Trustee. Meetings of the Trustee Board have continued as a mixture of in-person and Zoom links. which works well and means that the opportunity of becoming a Trustee opens up to those members not close enough to the office to drive to meetings. We hope this will encourage members to consider putting themselves foNard as Trustees in the future.
The Association continues to receive. and act upon. regular free advice and guidance issued by the Charity Commission and strives to adopt best practice wherever possible. Membershi There has been a small increase in members during the period covered by this report. which is encouraging. Most of the change comes in the open membership category. whilst the professional and corporate listings remain much the same as previous years. Subscriptions is one of the main sources of ongoing funding for the Association and there is a continued need to encourage people to join and support the work that we do, even if they do not wish to get actively involved in practical walling. By joining as an open member. that support is valuable and there are opportunities to help out at branch level with tasks other than actually walling. Joint membership for two open members at one address is also available. which still benefits the DSWA but saves a small amount of money for the household. Corporate members are important to the Association and we have tried hard to offer opportunities for them to promote their businesses and for branches to establish links with corporate members in their area. Membership •5 it 31 Aulust 2021 •QpEn18321 •PfrAessknn*l22kJ StUdÈThVurP12O} rl51 The Dry Stone Walling A5latIOn is registered with the HMRC Gift Aid Scheme and is able to claim 25p per £1 of membership andlor donations if members sign up to the scheme. This generates a significant sum of money each year. at no extra cost to the members. For the tax year ended 5 April 2022 the Association received over £9.000 which is from subscriptions of just over 600 members who are registered with the Gift Aid scheme. Members are encouraged to join if possible if they are eligible to do so.
The Association is very grateful for support from branches that have made transfers during the year. Cheshire Branch generously funded the cost of reprinting the Walls in the Landscape leaflet as well as the updatelreprint of the little booklet, Building & Repairing Dry Stone Walis. Cumbria Branch was able to fund the spring issue of the Waller & Dykerand colleagues in Wales covered the cost of the general information leaflet for 2022. There have been other general transfers from the following branches which are likely to be used in the training budget. Dorset. Lancashire and South West England. Quarterly Zoom meetings between branches have continued as a way of networking and sharing ideas and best practice. Topics for discussion are submitted by branches and the meetings are hosted by one of the Trustees. Ideas and suggestions are then followed up. The DSWA website continues to be a valuable tool for members and others, seeking advice and guidance on all matters dry stone walling related. There is a wealth of information available for educational purposes and the oTrline shop offers books. tools and merchandise. The Association also has Facebook, Twitter and Instagram accounts. all of which help spread the word about the work we do, which in turn fits with our charitable purpose'to advance education in the craft and heritage of drystone walling for the public benefif. Trainin & Education This year has seen the retum of training in person and courses have been in high demand. with waiting lists for the four-day courses at Crooklands and the branch two-day beginner courses being testament to the level of interest these training opportunities generate. It is encouraging to see an ongoing number of people seeking a qualification in dry stone walling and most of the attendees on the courses at Crooklands take part in, and are successful in, the assessment on the fifth day. An oTrline course booking system for the four-day courses at Crooklands is now up and running which helps with the admin side of things. Entered • Pa55ed
Most of these candidates are entering for the Level l and Level 2 qualifications but we have also had one or two working towards the higher levels. We extend our congratulations to James Kidd who was successful in achieving his Master Craftsman certificate in April. Dry stone walling is available to people of all ages and abilities. We were pleased to welcome trainees at CrookLands who had hearing difficulties but nothing that a sign language interpreter could not address and we were very pleased that both people achieved their Level I qualification at the end of the week. Similarly, South West England Branch was able to offer a visually impaired student the chance to attend a beginner training course. Accompanied by a full- time carer. he successfully completed a section of wall by the end of the weekend and had thoroughly enjoyed the experience. As mentioned earlier, the Association was very pleased to welcome Kate Dymock as its new Training & Education Coordinator. She has settled in well and takes fOard the training work that was started by Linda Ciarkson. She will also have responsibility for test days and certification. The Rural Skills Hub project is progressing well and there have been a number of community experience days hosted by branches as part of this initiative. Northumbria Branch organised taster days for the National Park Young Green Leaders as well as community days in County Durham. whilst the Otley & Yorkshire Dales Branch hosted an event for the local Aizheimerfs, Society. As well as dry stone walling. the Rural Skills Hub is working with the National Hedgelaying Society and has been coordinating training for that traditional craft too. Funding for young people to be'apprenticed" to professional wallers and hedgelayers has enabled up to six trainees to benefit from a placement provider for a year, during which time they work towards achieving one of the qualifications in either craft. The project runs for an eighteen month period and will come to an end in March 2023. It is hoped that further funding might be found in order to continue some of the work as a lasting legacy to the project.
Other community based projects have also taken place with Dorset Branch offering a team-building day for Defra vets and Wales Branch hosted a beginner training event for volunteers of the Friends of Cardiff Reservoirs, an event which is to be repeated next year. In North Wales members had the chance to build a traditional clawdd wall under guidance from Sean Adcock and members in Central and South East Scotland continue with the building of walis on the training site in Fife. South West England Branch was fortunate enough to receive funding from the National Grid Community Grant for volunteer trainin& some of which has been used to provide beginner training to National Grid staff, who are allowed work time to pursue environmentally useful activities. Dorset Branch also completed a cuNed wall incorporating lettering at its regular walling site at Tyneham. At a national level. DSWA had its annual External Quality Assurance visit from Lantra. to ensure that all Assessors are working to a common standard and that procedures are in place to address health and safety and welfare issues during test days. It is encouraging to report that this was successful and thanks are recorded to everyone involved not only in the day itself but also in all the background WO done beforehand. The Pendle Hill Landscape Partnership Projett has now come to an end but it is hoped that DSWA will continue to have links with that area for future training opportunities. The Association was able to offer training to six young apprentices at the North York Moors National Park with funds left over from the Prince's Countryside Fund project. The trainees were successful in gaining their Level I qualification and can use their skills to benefit work within the national park.
Publici Publicity comes in a variety of forms and this year we have seen a number of new and unusual opportunities. In May. members of the Ellwood Branch held a 24-hour walling event to raise money for the Ukraine. which proved very successful and not only raised much needed funds for those in the war-torn country but also raised the awareness of dry stone walling. Well done to everyone who was involved in the wallin& not to mention those providing "background support". One of our members had an article published in the British Dental Journal and dry stone walling also featured in a new book about traditional crafts in Somerset by Kate Lynch. There were some brief TV stardom moments for colleagues in Derbyshire when the Canal Journeys programme included dry stone walling for the presenters. Dry stone walling competitions have taken pkce around the country and included generous prizes from some of our overseas members. This resulted in one lucky person making a trip to Canada to experience dry stone walling over there . Photo shows competitors from the walling competition held at Penrith Show, organised by the Cumbria Branch. The Friendship Bridge built at the RHS Harlow Carr garden near Harrogate wa5 awarded a Certificate of Merit under the Pinnacle Award Scheme and a presentation was made in June to those who worked on the project. Dry stone walling also featured at other garden events including the RHS Chelsea Flower Show and congratulations are extended to those members involved in ward-winning gardens. Fife Doors Open Days events were attended by members from Central and South East Scotland Branches and numerous shows and fairs play host to dry stone walling displays and competitions. including Weardale Show, Haddington Agricultural Show and Sheorne Castle Country Fair. 10
South West Scotland Branch hosted a joint branch event as part of the Galloway Glens Landscape Partnership project and constructed a section of traditional Galloway dyke. incorporating a cattle trough. In the far north of the country. Northstone Stone Fest took place again this year. Coordinated by George Gunn. the event offers a mixture of community build for a dry stone walling project. illustrated talks and visits and helps promote walling to a range of participants from far and wide. All in all. a broad range of publicity over the year- there are no doubt opportunities that have not been reported on or that the Association is not aware of. We do rely on members sending in details of activities or events so as to try and gain as wide a perspective on the craft as possible. Finance Subscriptions were increased by small amounts from January 2022 and it is encouraging to see that this did not have a major impact on membership numbers, with over 200 new membersjoining during the period covered by this report. There are always some memberships that are not renewed for whatever reason. As at the end of August the Association had almost 1,100 members. The Association was grateful to receive a donation of £500 from the Curry Fund of the Geologists, Association to allow a reprint of the "Geology for Wallers" leaflet. which gives a useful insight into the different rock types found throughout the country. There continues to be a steady stream of sales of books. tools and merchandisin& all of which help generate a small amount of income. Bookings for the four-day training courses includes payment at the time of booking and it is encouraging that most of the bookings are used and refunds not issued. The on-line booknng system has improved the
processing of these applications. Likewise. the test day assessment can now be booked and paid for on-line, streamlining the admin process. DSWA branches continue to hold independent bank accounts which are operated under designated powers afforded to the branch officers. However, all monies are reported to the Charity Commission in the full year end accounts for the Dry Stone Walling Association of Great Britain. Risk Mana ement The Trustees have agreed that. in the light of price increases over the last few years. a minor increase in the reseeS would be prudent. The major risks which the charity might face have been reviewed and the Trustees believes that regular reviews of the controls over key financial systems. combined with the small increase in reseNes will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational business risks faced by the charity and continue to estsblish systems to mitigate significant risk. Conclusion On behalf of the Trustee Board I would like to thank everyone for their continued support for our craft and hope to meet some ofyou during the year. Paul Clayton DSWA Chairman
Financial Re ort for Year Ended 31 Au ust 2022 The charity's income decreased from £279.716 in 2021 to £241.042 in 2022. However. most of the increase seen in the previous year related to restricted funds which were used in the current year. Expenditure increased from £169,543 in 2021 to £226.607 reflecting these restricted projects. Overall, charity funds increased by £14.435 in the year. of which £34,904 related to unrestricted funds. increasing reserves to £512.590. Branch funds remain buoyant and a number of branches have made transfers to central funds. These moines have been allocated as per branch requests if specified- general transfers will help facilitate the recruitment of a full time Training & Education Coordinator. Restricted funds projects have continued under the Pendle Hill Landscape Partnership, including the delivery of beginner courses. a walling week and production of a video. This project comes to an end in October. The Rural Skills Hub project. funded by the Defra Green Recovery Challenge Fund. is proving successful in offering a central point for advice. SLtpport and funded training on traditional boundary skills of walling and hedgelaying. In accordance with Charity SORP guidelines. branch activities and monies held have been integrated into the full accounts. Branch bank accounts are held independently and are not readily available to the National Association. Resetves Poli Under charity law. the Trustees are obliged to define the charity's policy for holding reseNes to ensure the continuation of the charity's activities. The policy enables the charity to meet its legal objectives. provide confidence to donors seeking to give financial support to a prudently controlled charity and to ensure that the reseeS are at a level sufficient to discharge all the charity's obligations in the event that it should cease its operations. This is not considered likely in the foreseeable future. so the reserves which the charity will maintain are those needed to fund ongoing monthly costs and future development. The Trustees have decided that the charity should seek to have accessible resetves of a sum equal to no more than 12 months general running costs and £70.000 has been designated for this purpose. It is recommended that all branches should apply a reseNe equivalent to 12 months of the branch operating costs. Linda Clarkson Treasurer 13
D Stonewallin Association of Great Britain ststement of Financial Activities for ear ended 31 Au ust 2022 Unrestricted Restricted funds funds Branch funds Total 2022 Total 2021 Income and Endowments from: Donations and legacies 74,098 563 4,262 78,923 84,111 Charitable activities 58,618 7,792 84,321 150,731 180,211 Other trading activwties 8,166 1,598 9,764 11,970 Investment income 36 36 15 Other income 1,588 1,588 3,409 Total Income 140,882 8,355 91,805 241,042 279,716 Expenditure on: Charitable activities 123,818 47,266 55,523 226,607 169,543 Total Expenditure 123.818 47.266 55,523 226,607 169,543 Net incomellexpenditurel Gross transfer between funds 17.064 {38,911) 36,282 14.435 110.173 17,840 200 17,640 Net movement in funds 34,904 {39,111) 18.642 14.435 110.173 Reconciliation of funds Total funds brought forward Total funds carried forward 239,968 102,311 155,876 498,155 387,982 274,872 63,200 174,518 512,590 498,155 All of the Charitys activities derive from continuing operations during the above period. The above figures are taken from the full Charity Commission accounts. Please contact the DSWA Office ifyou would like a copy. 14
D Stone Wallin Association of Great Britain Balance Sheet as at 31 Au ust 2022 2022 2021 Fixed assets Tangible assets 14,812 17,421 Current assets Stocks 16.045 17,755 Debtors 1,047 3,071 Branch bank accounts. 174,075 155,433 Cash at bank and in hand 321,088 312,760 512,255 489,019 Creditors.. Amounts falling due within one year 114,4771 18,2851 Net current assets 497,778 480,734 Net assets 512,590 498,155 Funds of the charity. Branch fund5 174,518 155,876 Restricted funds 63.200 102,311 Unrestricted fuTrJs 274,872 239,968 Total funds 512,590 498,155 ** Money held in branch bank occounts is held independently by the branches and cannot be readily accessed by Head Office. The above figures are taken from the full Charity Commission accounts. Please contact the DSWA Office if you would like a copy. 15
| BRANCH | M/ship 01/01/21 |
M/ship 31/12/21 |
New Recruits |
Opening bank bal £ 1/09/20 |
Closing bank bal £ 31/08/21 |
|---|---|---|---|---|---|
| Central Scotland | 51 | 54 | 14 | 8,034 | 7,859 |
| Cheshire | 34 | 43 | 9 | 9,575 | 10,977 |
| Cotswold | |||||
| Cumbria | 84 | 105 | 21 | 14,686 | 15,252 |
| Derbyshire | 15,591 | 23,565 | |||
| Dorset | 43 | 45 | 2 | 8,589 | 14,903 |
| Ellwood | 1,350 | 1,210 | |||
| Isle of Skye | 442.00 | 442.00 | |||
| Lancashire | 9,109 | 9,397 | |||
| Mid-Lancs | 7 | 7 | 0 | 8,551 | 8369 |
| Northumbria | 25 | 27 | 4 | 4,162 | 4,682 |
| Otley & Yorkshire Dales | 152 | 134 | 14 | 18,902 | 12,660 |
| Pennine | 14 | 12 | 1 | 1,925 | 2,163 |
| South East Scotland | 32 | 41 | 9 | 3,101 | 2,001 |
| South West England | 74 | 97 | 23 | 8,134 | 13,105 |
| South West Scotland | 4,747 | 5,176 | |||
| South Yorkshire | 25 | 37 | 7 | 3,141 | 3,278 |
| Wales (North & South) | 7,131 | 4,805 | |||
| West Yorkshire | 52 | 39 | 3 | 7,573 | 7,878 |
| BRANCH | No of events held |
No of Courses held |
No of Course Particip'ts |
No of Branch Competition Particip'ts |
No of Demos held |
|---|---|---|---|---|---|
| Central Scotland | 12 | 5 | 30 | 0 | 1 |
| Cheshire | 5 | 2 | 24 | 0 | 1 |
| Cotswold | |||||
| Cumbria | 8 | 4 | 34 | 0 | 1 |
| Derbyshire | |||||
| Dorset | 84 | 3 | 41 | 0 | 0 |
| Ellwood | |||||
| Isle of Skye | |||||
| Lancashire | |||||
| Mid-Lancs | 3 | 3 | 11 | 0 | 0 |
| Northumbria | 20 | 17 | 47 | 4 | 2 |
| Otley & Yorkshire Dales | 5 | 68 | 0 | 3 | |
| Pennine | 8 | 3 | 6 | 0 | 0 |
| South East Scotland | 3 | 27 | 0 | 1 | |
| South West England | 5 | 77 | 0 | 1 | |
| South West Scotland | |||||
| South Yorkshire | 0 | 5 | 25 | 0 | 0 |
| Wales (North & South) | |||||
| West Yorkshire | 5 | 44 | 0 | 0 |
| Branch | Chairman | Hon Secretary | Hon Treasurer |
|---|---|---|---|
| Central Scotland | Kate Armstrong | Bob Pawson | Dorothy Findlay |
| Cheshire | Jack Taylor | Jack Taylor | Liz Cottle |
| Cotswold | Chris Ingles | Linda Brailsford | Richard Ingles |
| Cumbria | Stephen Atkinson | Patrick Lacey | Joe Bowman |
| Derbyshire | Carl Hardman | Jon Earnshaw | Alan Malia |
| Dorset | Wendy Manning | Carole Reeves Phyllis Warren |
Iain Pullen |
| Ellwood | Lydia Noble | Luke Powell | Cuthbert Noble |
| Isle of Skye | Hector Nicolson | Hector Nicolson | |
| Lancashire | Chris Bolshaw | Paul Clayton | Gill Bolshaw |
| Mid-Lancs | Neil Kerr | Neil Kerr | Brenda Hayman |
| Northumbria | Paul Foster | Pam Kirkup | Neil Weddell |
| Otley & Yorkshire Dales |
Peter Bull | Colin Alexander | Rona Dailey |
| Pennine | Eric Fort | Peter Walker | Pamela Smithies |
| South East Scotland |
Richard Love | Dave Taylor | Donald McInnes |
| South West England |
Barry Angell | Chris Waite | James Orme |
| South West Scotland |
Nic Coombey | Linda Wilson | Jak Kane |
| South Yorkshire | Gary Helliwell | Paul Clegg | David Brookes Mick Booth |
| Wales | David Cope | Brian Lock | Colin Brown Nigel Spiers |
| West Yorkshire | Trevor Womack | Shared duties | Chris Hanwell |
| Calendar Year |
Total All Members |
New Members included in totals |
New Members included in totals |
Total Open |
Total Prof |
Total Junior/ student |
Total Corporate |
Other | |
|---|---|---|---|---|---|---|---|---|---|
| 1968 | 55 | ||||||||
| 1999 | 1239 | 279 | 956 | 238 | 7 | 24 | 14 | ||
| 2000 | 1326 | 335 | 1039 | 237 | 7 | 28 | 6 | ||
| 2001 | 1122 | 144 | 845 | 233 | 12 | 21 | 11 | ||
| 2002 | 1233 | 331 | 945 | 248 | 12 | 20 | 8 | ||
| 2003 | 1317 | 335 | 1004 | 267 | 7 | 25 | 14 | ||
| 2004 | 1468 | 422 | 1151 | 267 | 11 | 23 | 16 | ||
| 2005 | 1470 | 407 | 1177 | 234 | 22 | 24 | 13 | ||
| 2006 | 1484 | 408 | 1179 | 248 | 17 | 28 | 12 | ||
| 2007 | 1456 | 426 | 1156 | 256 | 12 | 25 | 7 | ||
| 2008 | 1416 | 387 | 1117 | 263 | 12 | 24 | 7 | ||
| 2009 | 1301 | 309 | 1000 | 256 | 18 | 21 | 6 | ||
| 2010 | 1204 | 215 | 909 | 242 | 12 | 20 | 6 | ||
| 2011 | 1194 | 163 | 894 | 261 | 10 | 23 | 6 | ||
| 2012 | 1209 | 147 | 903 | 269 | 12 | 25 | 6 | ||
| 2013 | 1100 | 164 | 780 | 282 | 8 | 24 | 6 | ||
| 2014 | 1054 | 141 | 774 | 249 | 7 | 18 | 6 | ||
| 2015 | 1084 | 185 | 808 | 240 | 12 | 18 | 6 | ||
| 2016 | 1040 | 151 | 780 | 230 | 7 | 17 | 6 | ||
| 2017 | 1042 | 178 | 787 | 228 | 6 | 15 | 6 | ||
| 2018 | 1045 | 171 | 785 | 220 | 20 | 14 | 6 | ||
| 2019 | 1154 | 194 | 869 | 239 | 28 | 13 | 5 | ||
| 2020 | 1047 | 88 | 774 | 233 | 22 | 14 | 4 | ||
| 2021 | 1128 | 139 | 853 | 232 | 22 | 17 | 4 | ||
| 2022** | 1095 | 245 | 832 | 221 | 25 | 13 | 4 | ||
| ** | . | ||||||||
Choriry registration nu[lltr. 289678 Dry Stone Walling Association of Great Britain Annual KeEK)rt and Financial Slaiemenrs for the Year Fded 31 AgUSt 2022
Dry StODe Walling A&so¢iation of Great Brilain Contents Reference and Administrative Detsils Ttustees. Report 2105 Statement of Trustres, R&wort4ibiliti¢5 Independeni Examinerfs Report Statement of Finon¢io1 Aaivities 8t09 Balance Sheet 10 N01¢5 ¢0 the Financial Ststemtnts 11 to28
Dry Stone Walling Association of Great Britain Reference aDd Administrative Details Trnsttt5 T Blackwell P Clayt. Chair B H¥rfl¢y P Jsh¢rwood P Kirkup A Loudon C Noble L Noble J Taylor 289678 ChArlty' Rt8lstrilon Nurnb¢r Prlntlpl Office lane Fann Crookland5 MilnthiYp¢ Cwnbria LA7 7NH Independent EI*mlmer Stybl¢s Thompson & Bris¢oe Chartered Accountants & Swutory AudIS 34 Lowther Strtti Kendal tA9 4DX Bonk¢rJ HSBC 331 Lord Stre Southp)rt PR8 INJ Page I
Dry Slone Walling Association of Great Britain Trstee5, Report The %tees present the annual rewjff togetheT with the financial stat¢ittents of the charity for the year ended 31 August 2022. ObJe¢tfve8 and *etfvltle4 Objrtts Th¢ obj¢¢ts of the charity are kn thance eth10n in th¢ ¢TJft attd herityg¢ of dry stone walling for the public benefit. ObJec¢lves. slrnl¢8le$ ohduc¢lvirf 2022 saw the r¢rurn to a fijll programtne of tsaining eourse$ and lest days. after two y¢arn of disruption duc lo the pandemic. Delivery of irainitig via branches and centrally generated in85¢d income. particularly from the courses held ai Crooklands whith were fully booked from March io oc10r. There 15 a significani amouni of pr¢-pa)'ment of course ftts geneTaied by the new online booking sysiem which could be offset against 2023. There hgs also been a considerable increas¢ in ¢rthman Certification fees following the return of regular test days. Demand for trainin8 cc4irs¢$ r¢main5 styon8 with the National Training eouts¢s already fulty booked up to June 2023. Branches have reported that beginner courses have been very popular Èn 2022. A Stsndard Selling event for DSWA Assessors was held in April 2022, wthere the Associaiion launched the tnternal IalitY Assurance {IQA) scheme. Many of the assessors hAve su¢¢essfvlly compleied an IQA assc55mcnl in 2022. A Lantra Audit of the Craft Ctrtiflcation Stheme (CCS) c•rri¢d C in September 2021 and DSWA found io meet all Lantrd Tequiremet)ts. Branrh fiJnd5 remain buoyant and • nutDber of branch&s have trwf¢rred surplus fid5 lo central financ¢8. These fid$ have E¢eD allocated as F¢r branch requests: any gener81 tran5fer5 will help to facilitht¢ the recruitmeni of o full timc Training & Ethicaiion Coordinator. The Tryscee Board has coniinu¢d io hold regular mttiings throu8houi the year. Thtsttts continue lo minimise expenditure b). embracing technology and reducing travel costs. Subscriptions M'cre incre85¢d and there has been ¥n incr¢ in new members, whi¢h also led fo an increase in the amount claimed through Gifl Aid. M¢r¢handise sales have also Increased. Re$tri¢ted Funds projects hlive coniinued with a fijll pro8fdmme of activities under the Pendle Hill Landscape P8rtn¢r5hip, which saw the Association involved it) the delivery of beginner courses, Initial level qualificauons, a wallin8 week and production of a video. ThL. Rural Skills Hub Projecl. fijnded by the Defrl Green Recovery Challen8e Fund. ha5 proved very successfijl otTerin8 a central point for advic4 supporL fvnded tyaining and si8np05tÈn8 to infomiation sources on tradiiional bowidary skills. The Rurnl Ski115 Hub Coordinator has becn working with the DSWA and the National Hedgela)'ing Society to deliver grants iowards trdining in dry stone walling and hedgelaving for 20 young people looking io gain qualificatlons and accreditation in rural skills, paid work placements with pn)fessiond dry stone waller5 and hedg¢layer5 for 5 young people looking for a Tural career and Expwien¢e Days in trdditional boundary skills for ¢omrnuntty organiSl0nS. The Association COttltnue5 to receive numcrow requests for advice and guidaft¢¢ on all aspects of the ¢rnft of dry stone walling and Thill strive to maintsin the quality of inforn)ation available on this tradittonal ¢rafL Publlc bÉn¢fii The Trnsiees ¢opfJrJn thai they have complied with the rrquircrnents of section 17 of the Charities Act 201 I to have due regard to the b]I¢ benefit guidance bliShed by the Charity Commi&sion for England and Wales. Page 2
Dry Stone Walling Association of Great Brilain Trustees, Report Finanei¥41 review The charify s income decre&sed from £279.716 in 202110 £241,042 in 2022, however rnost of the increase last year Telared to restricted nds which were used in the currcni year. Expenditure increased from £169,543 in 2021 to £226,607 reflting the5¢ restrided projects. Overall clwity fvnds increased by £14.435 in th¢ year of which £34,904 relatrd to ut]restricted fimds iticrtL%iDg tcstTV to £512,590. Poucy on reserws Under the requir¢m¢nt5 of ¢h¥ity jaw, the Trus(ees are obliged io defu)e the charity's poliry for holding resetves. The intention in estsblishing thi5 R¢scrvu Policy is to ensure the continuation of the charity's iivities. The policy will enable the charity io meei its1¢8al objcclives. prrjvide confidence to dortors seektng io giv¢ fancial 5UPEXlrt to a prudeni]y controlled charity and to ¢D5ur¢ that the reserves are at a level Sule1cnI to discharge all th¢ ¢lwitys oblig¥¢ions in the even( that il should cease its operations. Thi5 15 not considered to be likety in the fores¢e•ble ffijwre. and therefore the reserves which the thiriry 15 required (o mainiain are those needed 10 fund ongoin8 monthly cosls and future developmen(. To this end, the TruseS have decided that the charity should seek w have reserves which are not invesied in fixcd assets of a sum equal io no Tnore than 12 months ¥eneral TunDing costs and £70,000 has b¢¢n designated for this pu7po.sc. A l&rge proportion of the ¢haritY$ re$¢rv¢s are held bank accounts. The fCIal slat¢m¢nts detsil the movem¢ni in reserves during the yar. Trngte¢s orncers The Nstee$ athd offirers servtn8 durin8 the year and sin¢¢ the year end were &5 foUow3'. Tru5teu.' T Bl*ckwcll P cl. Chair, Chllir B Hartley P Isherwood P KiTkup (appointed 12 March 2022) A Loudom C Noble LNobl¢ J Taylor E Yat¢s a150 served as a trnstee in the y¢or #nd resigned on 18 Juty 2022. Stru¢¢ur¢• governance and mxnxgtmeut The uninwrporated charity. is conStited under a ¢wsi deed dated 1968 with subsequent revisions, the most c¢nt being. dated 4 June 2016 and ratifled at the Annual General M¢¢ting on 4 March 2017. The registered charity number is 289678. Page 3
Dry Stone Walling Assoei2tion of Great Britain Trustees, Report The Association has a Board of Tru5tecs, consisting ofup to12 elected mernbers, th0 hold offLC¢ for a period of three }'ears. Retiring 'frusiees are eligible for re-election for further ternjs of office. The Chairman is elected by the Ttusiees follow'ing the Annual Gtnernl Meetin8. Nominati(ms for the election of Tnjstees are invited 4nnually from the mernbership. Induc0 dIMInR olfftisie The Tru5tee5 provid¢ WTiuen confumation that they understand the duues and responsibilities of their steeship. They concern themsclve5 with every aspe¢t of the DWLagemenl of the charity and are fillly aware of their onerrS responsibilities. The Truste¢s receive and upon regular frt¢ Jdvi¢¢ issued by the Ch•rity Commi5510rL Airangememtsforsettthz key 17¢¢1pepSOnneI renwMeTorf•n Key management ¢omwises Alison Shaw &% ffijll iimr officc admini5tratt¥. The Trus5 set remuneraiion for all 8taff ai the September Trustee Board medin8 each year. to thke effect from the October of thal year. Relatlonshlps wlth related partles Branch assotl#tlonJ The Dry Stone W811in8 AssociatioAJ currently hJ5 fifte¢n tryiches in En8iand and Wales and four bran¢h¢s in Scoilwml. Mojor rtsky andmlnaxemeni ofthose rtsks Risk Managemeni Thc rTUSt¢ have reviewed the major risks which th¢ ¢h•rity faw and believe thal mainthtniny reserves at ¢urreni lev¢15, ¢ombincd with an annual r¢view of th¢ controi5 over key financial 5yStems. will provi¢k sutTicient r¢sour¢e$ in the event of adverse conditions. The Tru$t¢¢s hav¢ also ¢xJmined other operational and business risks faced by the ¢h#rity and continue to esthblish systrms to mitigat¢ 8ny significpnt risk. Flnanclil Instruments ObJécllv*s andpvll¢14S The Chariry's activiti¢5 expose it lo a number of financial risks in¢luding rr¢th't risk, flow risk pmd liquidity risk. The charity does no¢ use derivative financial instruments. Credll rLsk" The Charity's principal fmancial assets bank balances and c&th. trade and other teccivables, on Oa510n short tern] inv&stments. The Chariw hos no signific8n¢ ¢on¢entration of credit risK with expasure spread over a Iwg¢ number of counterparties and cmerS. Llquldlty rl¥k In order to main¢ain liquidity to ensure that Sufficie funth are avtiiiable ongoing operation5 and future develoeThts, the Charity rnainiains a rea%onabl¢ kvel of fid$ in tn51ant access bank accounts. .Further detsils regarding liquidity risk be found ID the Statement of accoun(ing policies in the fmancial statement5. Pag¢ 4
Dry Stone Walling Association of Great Britain Trustecs, Report The annual report wa5 approved by the tNstees of th¢ charity on 17 Dtccmb¢r 2022 and signed on their bchalf Board Chainnan ndTn Pag¢ 5
Dry Slone Walling Assoeiation of Greal Britain Statement of Trnstees, Responsibilities The trnstees are resp)nsible for preparing the tnjstees. report and the finaD¢ial $tatrments in accordance with the United Kingdom Accounting Stsndards (United Kingdom Generaliy Acceptrd Accounting Practic¢) and ar4)licAble law and regulations. The law applicable to charitie5 requires the tN5tees to preyare financial ststrments for each financial year which give a trye and fair view ol the state of affairs of the charity and of the inccéning resour¢¢s and applicalion of r¢source5 of the charty for that period. In preparin8 these fmancial stsf¢m¢nty the Intsic£s are required to.. selrxt 5uiiabl¢ accounting policies and then appty them coLs1cny. obsetrye the methods and principles in the Charitse5 SORP; make judgements and estimates that are reasonable and Frudent. State whether applicable accounling sLandar(L4' have b¢¢n followel subject to any mal¢rial (kpartures di5c105ed and cxplained in the financial statements. and prepare ihe fthaneial $u(tments on the going ¢oneern basis unless it is inappropriate to preswne that the charity will continue im business. The trusrees are r¢5ponsibl¢ for keeping prcyer a¢¢wntin8 records that disclose with reasonle accuracy ar any lime the financial position of the chariry and ellable them to ensu thai the fjnancial st8t¢ments ¢omply with the Charities Act 2011. the applicable Charities (Accounts and Reports) Re8ulauons. and the provisions of the ¢onsliDJtion. The ¢nleeS are also r&8ponsible for safeguardin8 the assets of the ¢harity and hence for tsking reasonable steps for the prevention and detrclion of fraud and other irre8u]arilies. Approved by the iDJstees of the charity on 17 December 2022 5ignwJ on their behr by.. BoaTd C n and TTU$tee Pa8c 6
Dry Stone Walling Association of Greai Britaln Independent ExamiDer's Report to the trustees of Dry StODe Walling Association of Great Britain I report to the tr[¢$ on my examin10 of the accounts of thy Slon¢ Walling Association of Gre4t BriIll for the year ended 31 August 2022. Rupo•sibilities And basls of report As the charity trustees of Dry St¢ Wallin8 Association of Gre4t Britain you are resN)nsible for the preparation of the accounts in accordance with th¢ requirements of the Ch¥rities Act 2011 ('the Act,). I report in respecl of my cxarnination of the thy Stonc Walling AoCIatIOn ofGreai Britain's accowits catTied out un(kr S¢CLion 145 of the 2011 Act pnd in carrying out my examination I have followed all the applicable Direction5 Blven by the Charity Commission undeT S¢¢tion 145(5Xb) of the AtL Independent ex*mlner's stAleffjent I have compl¢¢ed my examination. I confwm that no material matters have come to my ai¢¢ntion in conneclion wtth th¢ examinaiion 8iving me ¢4us¢ io believe that in any material respect.. ccounling r¢¢ords were not kepl in re5pr¢i of thy Sione Walling Association of Great Britain as required by 5cciion 130 of the Aci. or 2. the accounts do nol aciord with those records: or 3. the accounts do noi compty with th¢ O¢¢fAintin8 requirements ¢on¢eminB the forni und conteni of a¢counts set out in the Charities (A¢¢ounL8 and Reports) Regu14ti¢)ns 2008 other than any r¢quirement thai the account5 give a 'Due and fair view, which 1$ not a matter considered as part of an indep¢Dd¢nl exatninafion. I have no concems and have u)me ?¢ross no other matteTS in connection with the examination to which attention should be drawn in this report in order io enable a proper un(kTStandirtg of the accounts to be reached. Helen Holme5 ICAEW Siables Thomp50n & Briscoe Chartered AccountHnL5 & Statutory Audilors 34 Lowther Street Kendal LA9 4DX Datc.. Page 7
Dry Stone Walling A580¢ition of Grcat Britain Statement of Financial Activities for the Year Ended 31 August 2022 Unrestritied funds R¢strlttrd fvnds Branth funds Tot81 2022 Note Ineorne and Endowments from: Donaiions and le8aci&s Chariiable activities Other Iradin8 ac(ivities Investsnent income Oth¢T income 74,098 58,618 8.166 563 7.792 4,262 84,321 1,598 36 1,588 78.923 150.731 9,764 36 I,S88 Totsl IncoTne 140.882 8.355 241042 Expedlture on: Chariwble a¢tiviiie8 123818 55.523 226.607 Total Expenditure 123,818 47,26 55.523 226.607 incom&'(expenditure) GTOSS transfers beN'een OJnds 17.064 (38.911) 200 36,282 14,435 18 Net movement in fjJnds 34.sNM (39.111) 18,642 14,435 Reconelll*tlon offvnds Total ffijnds brought forward 239 968 102 311 155 876 498 155 Total funds carried foNard 63 274 872 00 174518 512 590 Braneh fjJnds ar¢ separated in the accounts as they are not readily •cets5ible by the ¢¢ntral office, being under the control of the r¢l¢vani brch ccrfnmittee. The notes on pages I I to 28 forn) an integral pon of th¢5e financial statements. Page 8
Dry Stone Walling Association of Great Britain Statement of Fin2neial Aetivities for the Year Ended 31 August 2022 Testrl¢ted ds Re5trleted fund5 Branch funds Tolal 2021 Comparatlves Ineome And Endowments from: Donation5 and legacies Charitablt a¢iivities Other trading aaivities Investment income O¢h¢r income 12211 45.670 1,536 84,111 180,211 11,970 15 35,559 10,434 98.982 3.409 Total Ittcomt 117893 279716 Expendliure chitable activities 169543 Total ExndIre (104.307 41,738 169,543 Net irtcome Gros$ transfers fund5 13.586 75.484 21.103 110.173 Net movemeni ith 43,280 48.020 18.873 110.173 R¢conclllwilun of funds Total funds brou8ht fonward Total fjJnds earri¢d fon¥*d 196 688 387 982 239 968 102 311 155876 498 155 The fvnds breakdown for the curreni yw and 2021 is shown in Dote 18. The noi¢s on page5 1 I to 28 forni an integral part of these financial stsiements. Page 9
Dry Stone Walling Association of GreAt Britain (R¢gislr*tion nunbber: 289678) Balanee Sheet at 31 August 2022 2Q22 2021 Filed assets Tangible assets 13 14.812 17.421 Current i&qets Stocks Debtors Branch bank accounts Casb at bank and in hand 14 15 16 16,045 1.047 174.075 321.088 17,755 3,071 155,433 312,760 512,255 489,019 Credl¢oYs: Amount$ falling due wlthln ODt yur Net £urrenl assets 17 14,477 11.285 497.778 480.734 Net 8SS¢ts 19 512,590 498 155 Funds of the ¢h•rity: Branch funds 174,518 155,876 Restrlctrd 63.200 102.311 Unrutrlcted 274.872 239,968 Toi41 fuThd8 18 512590 498,155 The financial staiements on pages 8 10 28 w¢re approved by the Uste£S. and authorised for i%ue on 17 De¢ember 2022 and $ita on their behalf by.. Llayto Ilian and Trustee Th¢ notes on pag¢s I I to 28 fonn aD intrgrdl part olthese fman¢ial Slatements. Page 10
Dry Stone Walling A&qoeRgtion of.Great Britain Notes to the Finantial Ststem¢nts for the Year Ended 31 August 2022 l A¢¢ountlng polici Stat¢m¢nt of compliance The fancial statements have been prepared in acc4)rdance with Accounting and Reportirtg by Charities.. Staiemenl of Recommended Practice applicable charilies prcparing their accounts in accordance with the Financial Rerrfjrting S(andard applicable in the UK and Republic of Ireland (FRS 102) (¢ffectlV2 1 January 2019) - (Charities SORP (FRS 102)), the Financial ReFKJrting Stwndard applicablc TD th¢ UK and Republic of Ircland {FRS 102) and the ChaTities Aci 2011. Baili of preprntlo• Dry Stone Walling Association of Great Britain is an unincoTPrted charity registered in England and Wal¢s. The address of the regiSred offitt is given on the eh8rity InformlOn page of these fthortei81 statements. The naDJre of the charity's operntions gnd principal a¢tiviues ar¢ adv)n¢¢ ¢du¢8¢ion in the ¢ran and h¢rithg¢ of dry stone walling. Dry Stone W811in8 Association of Great Britsin meets the definition of a public benefii entity under FRS 102. Assets and li8bilitie5 are ini¢ialty recognised ai hi5wrical cos¢ or tran110 value un1¢55 oth¢rwis¢ s¢it¢d in the relevant accounting policy notes. Tht a¢¢ourtts are presertted in SieTling which 15 the functional currency of the chariry and rounded to the neareyt Exempllon from pr¢prlth% 4 c*sh now s¢atemenl Tlie Lhdfiiy qUdlifi¥s smdll and therefore noi included a cash flow sthtement in these financial $totcmenLS. Golng eoneern The tswst¢es ¢ottsider that there are no terial uncertatnties abo the tharity's ability to continue Hs a 80in8 ¢ontern. Income #nd endowments Voluntary incom¢ including donations, gift& legacies grants thai provide core fvnding or are of a general naDJre 15 recognlsed when the charity ¢ntitlem¢nt to th¢ incom¢, it 15 probablc th8t th¢ income will be received and the amount catt bc musured with sutricienl r¢liabilitv. Donotlon.f le¥4cles Donations and legaci&q are recognised on g r¢c¢ivable tosis when re¢eiy is probable and the amnI ¢an be reliably rneDsured. GT4nts recehyable Grat]ts are recognised when the ¢EIty att ¢lltit1e[nt to the fiJtLds attd arty ¢onditions link¢d to th¢ gratsts have been met. Ivhere perfomiance conditit)n5 ar¢ atta¢h¢d io the grdnt alld ar¢ y¢t to Ix meL the iucomc is recogni5 &5 a liability pnd in¢lud¢d on the balance Sheet a5 deferred income to be r¢l¢a5ed. Pagell
Dry Stone WAlling Association of Great Britvdln Notes to the Financial Stt¢m¢nts for the Year Ended 31 August 2022 Gifts kd Gifts in kind donated for resale are included at fair value. being the exp¢¢t¢d prcK¢eds from sale less the txpectrd costs of sale. Where estimating the fair valu¢ 15 pfdclicable upon receipt it is recognised in 5wck and 'Income from other trading aclivities,. bpon sal¢. th¢ value of the si(Ick is charged againsi 'lncome from other trading activities, and the proceeds are recognised as 'lncome frorn oiber tradillg activities,. Where it is impracticable io fair value the items due lo the volume of low value items they are not reeognised in the fnCIal stalements UtLtiI they ar¢ sold. This income is recogrtised within 'lncome from oth¢r tradinB a¢tiviti¢5'. Donul¢d services 4ndfq¢UIrf Donited faciliiies and donated professional service5 are recogni5ed in iDCOrn¢ at their fair v8lue when their economic benefit is probable. li can be measured reliably and the chartty has wDtroI over the it¢m. Fair value is detemiined on the basis of the va]ue of the gift to the charity. For ¢xmpl¢ th¢ wnouni the charity would be willing to pay in the open markei for such fa¢ilities and seTVittS. A ¢(YT¢spottding 4mouni is r¢¢ognised in expenditure. Eipenditure All expendiwre 15 Tecognised once there is a le8al or constructive obligalion to thai expendillire, it is probable settlem1 is required and the arn(nt can b¢ rn¢asured reli•bty. All tosts #re Allocattd to the Applicabl¢ ¢xpcnditure hcading thot a88re8atr similar ¢osts th thal cate80ry. Where costs cannot bc direcily atlributcd (o purti¢ular hcadift8& ihry havc bccn allocaicd on a bLsi5 consisteni with the use of resources. with central staff costs allocaied on the basis of (ime spen(. and depreciaiion char8es allocaied on the portion of the asset's Use. Other suppon costs are allocaied based on the 5Prtad of stsff costs. Charlioble rtcllvliles Charitable expendi¢ure comprises those costs incurred ty the charity in the delivery of its activities and services for ils beneficiaries. It includes both costs that can be allocated direcily lo such activities and ihose costs ol. a indircct nature n¢c¢ssary to 5UPPOrt them. GrttAlprovtsloHs Provisions for Brants are madc when the intention lo a 8raDi h&$ been communicad io the recipient but there is wicertainty alMJUt either the timin8 of the 8rant or the amount of grant payable. Gov¢rTrAn¢e £oJtJ These in¢lude the cosi$ ottritrMJtabl¢ to the charity'$ complian¢e with nStitU110naj and statutory r¢quiremenus. including audit. Slrategic management and trustees's medings and reimbursed expenses. GoverTrThent grsnts Government granis are rttognised based on the acCnl model and are measured at the fair value of the asset received or receivable. Grdnts are classified as relating either io revenue or to assets. Grants relating to revenue are reco8nised in income over the period in which the relatrd costs are recognised. Granls relating io assets are reco8nised 0er rhe expected useful life of the &ssd. Where part of a grant relating to an asset is deferred, it is recogniscd as deferred income. Page 12
Dry Stone Walling Association of Great Britain Notes to the Financial Statements for the Year Ended 31 August 2022 TI¥tio The charity 15 Considered to pass the le5ts Set oui in Paragraph I Sehedule 6 of the Finance Act 2010 and therefore it meets the deflnition of a charitsblc company for UK corpord(ion tsx purposes. Accordingly. the ¢hariry is pot¢niially ¢x¢mpt from laxation in Tesp¢¢i of inc(n¢ or upitsl gain5 received M'ithin categories eovered by Chapter 3 Part I l of the Corpcrdiion Tax Act 2010 or Stetitsn 256 of th¢ Taxaiion of Ch)rg¢able Gains Aci 1992. 10 the exieni ihai such income or gains are applied exclusively to charitsble purposes. Tangiblt flied d55ets Indivithsal fixed assets costing £250.00 or more are initialty recorded Al ¢OSL Depreclatlon amortlsatlDn Depreciarion is provided on tsngibl¢ fixed assets so a5 lo WT1 off the cost or valuation. less any estimated residual value. over their expected us¢thl t<1¢ lif¢ as follows: Asset clam Fixtures. fittin85 aDd equikYnen¢ Deprtelatlon mtlhod ibd rate 150/0 reducing balance Reg¢ar¢h and development Research and development expenditure is wrilten off a5 incuTTed. Currttnt Amet Invutments Current &sset inwes(rne#ts Ire included at the lower of and net realisablt value / markel vBlue. Stock Stocks are ated at the lower of cost and Csiimated selling pric¢ less costs th ¢omplete and sell. Cos¢ in¢lude$ all ¢osts of pur¢hase, costs of conversion and other costs inruTr¢d in bringing stock to its present loca(ion and condition. Cos¢ 1$ ¢al¢ulat¢d usin8 the fllsi-in, fllsi•OUt fomLuIL Provision is made for damaged. obsol¢tt and slow-moving siock where appropriate. Tr4de debtDrs Debiors and creditors with tto ststed interest ratr and receivable or pyabl¢ within one year are recorded ai Iransaction price. Any losses Irising from impainneDt are recognised in expenditure. CAih and cash ¢qulYalents Cash and cash equivalents wmpri5e cash OD lland and call d¢posits, and (rther short-term highly liquid investments thal are readily ¢onv¢rtible to a known amount of ¢ash Jnd are subject to an insignifican¢ risk of change in valvc. Page 13
Dry Stone WYdlliDg Association of Great Britain Noles to the Financial Stalements for the Year Ended 31 August 2022 Trade crtdito Trade creditors are obliEaiions to pay for g¢xxls or services tbat bave been acquired in the ordtnary course of busiDess from suppliers. Accounts payable are classified as current liabilities if the chariry does Thot have an unconditional right, ai the end of the reportillg p¢ri(M4, to defer settlement of the credilor for at least twelv¢ months after the rcFK)rtin8 date. If there is an uncondickonal right to defeT settlement for at IcLSt twelve months after the reN)rting date. they are presented &s nortUrrent liabilitlC5. Trnde ¢reditOTS are re¢tsgnised initially ai the tyan5action price and subsequently Measur at amortised c05t using ihe effective inlcrttst method. Fund structure Unrestricted income funds are genezal funds that are available for use at the tntte5'S discretion in furtherance of Lhc objectives of the charity. Restri¢t¢d in¢ome funds are those don&ed for use in a particular area or for specific purposes, th¢ us¢ of whi¢h is restricted io thai area or purpe6¢. Branch fijnds are separated in th¢ a¢¢oun¢s &% thcy •Te readily llcce5s&ble by the central office and ar¢ ontrolled by the knnch committtts. Fltt4n¢l#l Injtruments CloK%lflcrtrfon Finoncial Lssets and financial liabilities are reco&ni&ed th8 charity become5 a party to the contractual provisions of the instnJTnent. Financial liabilitie5 and equity in5trnmeDiS are classified according io the substance of th¢ contractual arraiigements eniercd into. An cquity LfistrLim¢nl is any contyath thai evidences a residual inLerest in thc ets of the charits, after deducting all vf i(5 liabiliti¢s. Rtcognlrtoll All fUn¢18] assets and liabilities e initially mea5ur¢d at (Tansllction wice (including rr8nsa¢tion ¢osts). excepl for those fancial assets classified as * fair value through profit or loss. which are initially m¢4sur¢d at fair value (which is norn]alty the transacuon price excludin8 trdnsaction costs). unless the arng¢ment ¢on$iilu¢es a financing tran5aclion. If an arrdn8em#i¢ con5ti¢utes a financin8 Msaciion. the financial &sset or financial liabili¢y is measured at the preseni v&lue of the future pwents discound at a Maet rnte of interest for a sirnilar debt iDstnJmenL Financial assets and liabilities are only offset in the sfaiernenl of financial position when. and only whett there ¢xi$¢5 a legally enforceable right io sei off the reco8ni5ed amounts and the charity innds either to settle on net t05is, or lo realise the a£¢ and s¢ttl¢ the lithility sltnultaneoty. Financial assets are derecognised when and onty when a) the contracDJal rights to the cash flow5 from Ihe financial asset expire or are settled, b) the tharity transfers io another party substantially ail of the risks and rewards of ownersbip of the fllun¢ial asseL or c) the chariry.. despite having rethined Some. but not all, signifiLant risks and rewards of ownership, has transferred control of the asset io another parts. Finattcial liabiliues are derecognised onty when the obligation specified in the contract is discharged, cancelled or expires. Page 14
Dry Stone Walling Association of Gr¢at Britain Notes to the Financial Stydtemellls for the Year Ended 31 August 2022 2 Income from doDatiotsJ Mnd leiades Unrestricted Restrieted d$ Branch funds Total 2022 Gtneral Donalions and le8acies' Donation5 Gift aid reclaimed rants, includin8 capital grants. Grants from other charities Granis received by branches Branch Syb%ripiions Subscriptions 1,758 9,083 500 3.065 5.323 9,083 63 63 1,242 (45) 63,257 78.923 1.242 (4S) 63.257 74.098 563 4,262 Unrutricttd funds Gelleral Br¥Jneh fundi Tothl 2021 Donations and le8acies; Donations Clift aid reclaimed Grants, including capiral grants. Government 8fdnts Grants received by branches Branch Substripiions Subscriptions 2.624 7.093 2,912 5,536 7,093 5.717 5,717 9,244 55 56,466 9,244 55 71.900 12.211 Page 15
Dry Stone Walling AssociatioD of Great Britain otes to the Financial Statements for the Year Ended 31 August 2022 3 Intome from cbarltable getivilie Unrtstrie¢¢d Restricted f•nd# Braneb funds Tot 2022 General Certification fees Trdining D¢monstrations Pendle Hill Branch projects and ¢v¢nts 32,497 26.121 32.497 106,819 400 7,792 3,223 80,698 400 7.792 3.223 58.618 7,792 84.321 150,731 UTrrestrleted rund5 GeTrerAI Restrleted rund% Branch funds To141 2(121 PCF S(epping Ston¢$ 2019 Certifi¢ation fees Trninln8 DemonstraiioD Pertdl¢ Hill HLF Em¢rg¢ncy Fund Brdnch projects and events HLF Green Recovery Challenge 10.000 10,900 20,654 58,276 250 532 38,600 1,149 20,654 14,CQS 44.271 250 532 38.600 1.149 35.559 180 211 Page 16
Dry Stone Walling A$so¢igtion of Great Britain otes to tbe Finanelal Statements for the Y¢8r Ended 31 August 2022 4 Tllcome from other trading activitie5 Unrestricted funds General Breh lunds Perm¢ Total 2022 Trading income. Sales of goods and 5trvices Lotteri¢s and competitions income 7.178 988 1,598 8.776 988 8.166 1.598 9.764 Unrestrleied nds General Brnneh funds Permanent Total 2021 Trnding income; Sales of good5 and 8ervi¢¢s Lotteries and competitions illcom¢ 9,376 ,536 10,912 S Invutment Income Branch funds Perm#nent Totxl 2022 Interes¢ re¢¢iv8ble and similar income. Interest receivable on bank deposits 36 36 36 36 Branch funds Pennanellt TotAI 2021 Inieres( receivabl¢ and similar income; tntrrest receivable on bank d¢posits 15 15 15 15 6 Other IncoThe Branch funds Perm#ttent Total 2022 Other branch income 1,588 1,588 Brnneh funds Permanent Total 2021 Other brdnch income 3,409 Page 17
Dry Stone Walling knociation of Great Britain Note5 to the FiDaDcial Statements for the Year EDded 31 August 2022 7 EXpethdItu on eh#rble ¢tlvldes iiDrestrict¢d ds Gener1 Restrieied fvnds BNnch fund5 P¢nngnent Total 1022 Am'ards and demonstrations Certification scheme Training Leaflets, journals and advertisin8 Purch&8es of goods for resale {adj for siock) Restricted project5 (see fvnds note) Branch equipmenL advertising and events Branch donations Other branch costs Governance costs Wage5 and salaries Fre¢ltth¢e TEC 8nd Dev¢lopm¢ni Retst and rates Offi¢¢ maint¢n8tt¢¢ ond r¢pairs In5uraDce Stationery, ¢¢lephon¢ ond pOS&e Bank chBr8es General travel expenses Depreciation 36 21.901 15,597 7.365 3.434 3,470 21.901 47.832 7.928 32.235 563 7.183 977 8,160 46,703 46,703 10,066 878 7.796 10,066 878 7.796 11,463 27,593 6.815 ,943 2,412 2,274 6,813 2,730 221 11.463 27.593 6,815 8.943 2.412 2,274 6,813 1593 221 137 47 123.818 66 226,607 P48e 18
Dry Stone Wvdlling Associallon of Great Britain Notes to the Financial Statements for tbe Year Ended 31 August 2022 Unrestricted runds Cener*l Rtstrieted nds BrAnclb funds Permanent Totsl 2021 Award5 and denionstrauons C¢rtifi¢arion s¢heme Training Leaflets. jownals and a¢fvertising Pur¢hase5 of goods for resale (adj for stock) Restricied projecis (see fijnds not¢) Branch equipmen( advertisin8 and events 11.501 7.871 4.655 11.501 22,608 4,655 14,737 5.033 2.233 7.266 23,498 23.498 14.517 298 14.517 298 BT¥nch donalions Oth¢r branch costs Governatt¢e Costs Wiges and salarie5 Freelance TEC and Developmeni Rcn¢ and rntes Office maintenance and repairs InsurAn¢e S¢a¢ionery, telephone and TKJSta8e Bank ¢harges Genernl travel expenses DepTCCIEltion 9.752 9.752 8,481 29,731 8,143 10,426 5,633 2,162 5,985 2,129 178 2,463 8.481 29,731 .143 10,426 5,633 2,162 5.985 2,045 178 2,463 104,307 23.498 41,738 169,543 Page 19
Dry Stone Walling Asso¢iation of Great Britain Notes to the Financial Statements for the Year Ended 31 August 2022 Activity yndertaken dirtttty Activity iupport ¢05 2022 Awards, events and demonstrations Certificauon scheme Training Le)flets. joumais and advertising Purch&4es of good5 for resale Restricred projects (see fvn&% no¢e) Branch equipment. advertisin8 artd evrnts Branch donaiion5 Other bran¢h costs Governance ¢o$ts Wages and salaries Freelan¢¢ TEC and Development Rent and rates Offic¢ maintenAnce and reF4irs Insuronee Stationery., t¢l¢phone and postage Bank charges General irji'el ¢xpense5 D¢pr¢¢iaiion 3.470 21.901 47.832 7,928 8.160 46,703 10.066 878 7,796 3,470 21.901 47,832 7,928 8,160 46.703 10,066 878 7,796 11,463 27,593 6,815 8.943 2,412 2.274 6,813 2,730 221 2,609 11.463 27,593 6.815 8,943 2.412 2,274 6,813 2,730 221 2,609 161549 226 607 Page 20
Dry Stone Walling As$o¢ialion of Gr¢4t Britain 'ol¢s to the Finneial Statements for the Year End¢d 31 August 2022 Artlvlty dertken direetly Aetivity support Cts 2021 Award5, events and demonstratity Certificauon scheme Training Leafleis. journals and advertising Purcbases of 8oo¢Ls for rcsal¢ Restricted projects {see filljds notc) Branch equipmenL advertising and events Branch donations OtheT branLh costs Gov¢rn8ncc costs Wages and salaries Freelance TEC and DeveloFxneni Rent and rntes Offlce maintenance and repairs Inswance Staiionery. *lephone and posts8e Bank ¢har8¢5 Gcncral travel expenses Depre¢iaiion 117 11.501 22.608 4.655 7,266 23,498 14,517 298 9,752 8,481 29,731 8.143 10,426 5.633 2,162 5,985 2.129 178 2,463 11.501 22,608 4.655 7.266 23,498 14.517 298 9.752 8,481 29,731 .143 10,426 5,633 2,162 5,985 2,129 178 IL12 355 169 543 8 Anal)'sl$ of governancc and support twt• Governance cosls Unrestrieted funds General Restricted fund5 TotAI 2022 Independent examiner fees Examination of the fituncial $wanellts Other fees ld io exarniners TN5tee5 remuneration and ewn5es Legal fees Tre45urerfs fee$ C05t of tru51ees' meeiings and AGM 2,650 759 935 3,722 3.069 328 2,650 759 935 3,722 3.069 328 11,463 11,463 Page21
Dry Stone Walling knoeiation of Great Britain Notes to tbe Financial Statements for the Year Ended 31 August 2022 Unrestrided funds General Total 21121 dep¢nden¢ examiner fees Examination of the financial attm¢nis Oth¢T f¢cs paid to examiners Trustees remunerktion and eXse3 Lcgal fees Tre85ureVs fees C(kSt of trustees, meeiin8S gnd AGM 2,805 701 675 175 3,945 180 2.805 701 675 17S 3,945 180 8,481 8,481 9 Net IneominEloui%oln% Mourtts Net incoming resources for ihe year include.. 2022 2021 Deprecialion of fixed &ets 2.609 2,463 10 Trustees remuneratlon gnd ¢xpetyse5 Durin8 the year the charity made the followin8 Ir•tiu¢tions with ttuste¢s". T Blackm'ell £4712021.. £Nil) of expenses were reimbursed to T Bla¢kw¢ll during the year. B Harfley B Hanle) re¢eived Examiner ftt%qtJstructor TTrÈning T(Or costs of £682 (2021.. £Nill and £492 (2021.. £Nil) of experts¢s were reirnbursed to B Hartley during th¢ year. G Hl¢ks £bTjl12021.. £162) of expenses were reirnbursed to G Hicks thiring th¢ yeor. P Clai'ton £283 (2021.. £216) of exp¢ns¢$ were reimbursed io P Clayton during the year. P 18heTh'ood P 15h¢rFlo received Examiner feesllnstsvd( Trninin8 Tutor costs of £392 (2021.. £2.188) and £45 {2021.. £Nil) of wen5es were reimbursed to P tshemod durin8 the year. A Loudon A Loudon received Examiner ferty0r Trnining Tuior costs of £11,926 12021.. £3,530) and £Nil (2021.. £Nil) of exn5¢S were reimbursed to A Loudon thiring the year. J Taylor £155 (2021.. £79) of expenses were 1Mbsed to J TayloT during the Jear. L Noble L Noble received Examiticr fee511nstructor Training TutOT costs of £361 12021.. £Nil} and £189 (2021.. £89) of expenses were reimbursed to L N'obl¢ during the year. T Wr*gg T Iwragg rtteiited Examiner fe&ln5truc(or Training Tutor costs of £Nil (2021: £250) during the year. Pag¢ 22
Dry Stone Walling Association of Great Britain Note5 to the FthYdn¢fial StatcmeDI8 for the Year Ended 31 August 2022 C Noble C Noble received Examiner fees/lnsknJetor Tnining Tur costs of £989 (2021.. £603) arsd £81 (2021.. £89) of expenses were reimbursed to C Noble during the year. R Sto¢kAII £Nil12021.. £2l8) of expense5 were re1t1th to R Stockall during the ycar. P KArkup £8212021.. £Nil) of expensts w¢re r¢imbw5ed io P Kirkup thiring th¢ y¢4r. Eyat E Yales re¢e&ved Examiner feeslInstructor Trnining Tutwcosis of £1.78412021: £Nil) thiring the year. No Iruste¢5 have received any other benefits from the charity during the year. The ireasurer. %>ho is not forrnally 4 tru5tr¢, is a fre¢lanc¢ conwltanl ynd r¢¢¢iv¢d £3,069 for ting as treasurer and £9.338 for the role of freelance Trdining & Educa(ion CIM)rdinaior and &ssi5wIG¢ on r¢5tricted projects. I I Stff eosts The aggregate payrnll costs were as follows: 2022 2021 Si%ff coJts durlng th¢ year were: Ih'age5 and salaries Freelance 48,426 6.815 29,731 8,143 55,241 37.874 Thc monthty avcrdgc number of persons (incbJdin8 $¢nior mana8¢m¢ni I leadership It) employ¢d by the charil). during the year express¢d as full lime eqwvalents was as follows.. 2022 2021 No Administration PToje¢( Costs No employee received emoluments of more thgn £50,IXK) during the year The tal employee benefits of the kry management personnel of the charity were £20,466 (2021- £23.169). A2 T#i*ilon The charity is a r¢gi5t¢red charity and 15 thereth cxernpt from tsxatiiJD. Page 23
Dry Stone WAlling Association of Great Britain Noles to the Financial Statements for the Year Ended 31 August 2022 13 Tanglble nxed assets Furniture ind equlpmcnl Ttyt41 Cost At I Sept¢rnE¢r 2021 31.666 31,666 At 31 Augus12022 31.666 31.666 Depreclailon Ar I Sepiernber 2021 Charge for the year AI 31 Au8U5t 2022 14,245 2,609 14245 2,609 16,854 16.854 Net boolL valye Ai 31 August 2022 14.812 14,812 Al 31 August 2021 17,421 14 Stock 2022 2021 Finished goods 17,755 15 Debtors 2022 2021 Trad¢ debtors Prepayynents 859 188 3,071 1,047 16 Branch bAnk #ceounts 2022 2021 Balances held bv branthes thac are not readily available to the PArent charity 174075 155433 Pagc 24
Dry Stone WAlling Association of Great Britain Notes to the Financial Statements for the Year Ended 31 August 2022 17 Crediiorn: omounts falllDg dye wlthln one yr 2022 21)21 Trade creditors Other i&xation And s(Kial security A¢¢rnals 741 544 13,192 S.733 312 2,240 14.477 8.285 18 FuDdJ Balance at I September 2021 IncoTnlni r¢fyour¢ ReUr£ ¢xp¢nded 3] August 2022 Transfers UnrestrScted hJndJ Genernl G¢ner411 ynr¢5tricied funds 160,865 140.882 (119.715) 17,840 199,872 Deslgnoled Awards fijnd Operatin8 reserve Developmeni olfiur 5,000 70,0(K) 4.103 5,000 70.000 79,103 (4,103 75.000 Total unreitrlcted lundi 239,968 140.882 (123,818 17,840 274,872 Rejtrlcted funds Specific donations and sponsorship for prin(in8 Arcbive project Legacy for dry, stotte wallin8 in the Durham orea Pendle Hill PCF Stepping Stones 2019 DEFRA Green Recovery Challenge Fund l Rural Skills Hub) 563 (563) 2W (200) 40,088 4.756 8.363 40,088 5,410 4,034 7.792 (7,138) (4,329) 48,904 35.236 13,668 Tot81 restrlcted fundj 102.311 8,355 (47.266) (200) 63,200 Brnneh funds PernMneRI Brall¢b fimds 155.876 91.805 (55.523 17,640 174,518 Total fvllds 498,155 226.60 512,590 Page 25
Dry Stone Walling Association of GreAt Britain Notes to the Financial Statements for the Year Ellded 31 Augus12022 Bal•nce at I Septernber 2020 Balance at 31 August 2021 IDcominz resollr¢es Rttources exptthded Tramsftn Unr¢strltted fndS Gemeral Gener8J unrestricted fimd5 117,585 117.893 1104,307) 29,694 160,865 Deslznaied AwaTds fimd 0raCing reserve Deit¢lopm¢ni officeT 5.000 70.000 4.103 70.CK(J 4.103 79.103 79,103 Tot*1 unrutTlCted funds 196.688 117,893 104,307 29,694 239,968 Restrl¢t¢d Archive project Le8ac)' for dry s¢one walling in the Durham area Pendle Hill PCF Steppin8 Sloncs 2019 HLF Emer8ency Fund DEFRA Greln Recovery Challenge Fund { Rural Skj'lls H¥b) 200 200 40.088 9.658 4,345 40,088 4,756 8.363 532 10,0 38,6fy) {5.434) (5,982) (11,136) (27,464) 49.850 946 48.904 TolAI rtsiricted funds 54.291 98.982 (23,498) (27,464) 102,31 BroD¢h Br&nch fimds 137.003 41,738 2.230 155,876 Total fun(ts 387 982 279,716 169,543 498,155 Page 26
Dry Stone Walling Association of Great Britaln 4ote$ to the Financial Statements for the Year EDded 31 August 2022 The spe¢ifi¢ PUTP0S¢5 for whith the fund$ ore to b¢ applied ar¢ &8 follows: The National Lollery Heritsge Fund Emergency Grant WHS Used Specifically on measures to support the Association to deal wilh the pandemic crisi5. The A$SlatiOn pw¢lwed PPE and equipmen( io enable Br]ch and National training Courses and Test Days to resume under Covid-19 protocols. The remainder of the Grant W7s used to support central overhead COSLS during the kxriod where there was no income (Tom trdinin8 and test days. The D¢fra Green Recovery Chailen8c Fund is u5¢d 501ety io fjjnd th¢ Rurnl Skills Hub project which is deliVed ¥ parlner5hip between ihe Dry Stone Walling AsyKiation and the National Hed8elaying Society, The project brithgs tO8eiher all the expertise of the Naiional Hedgelaying Sociery and the Dry Stone Walling A£slatIOn to forn) a Rural Skills Hub offering a central poini foT 8dvice, sUPPOrt, fund¢d ¢r4ining and signposting to infoall011 sources. It has provided funding for young people towards training and qualifi¢ations in dry stone walling and hed8elayin8 and fijnded c¢Jmmunity en888ement events to prom¢X¢ the benefits of tradiuonal boundaries. The project wlll be comple¢¢d in March 2023. The P¢ndl¢ Hill Lands¢ap¢ Partnership Pffoje¢t in¢ludes on el¢m¢nt of training for dry 5wn¢ walling and hedgelayin& which is managed by the Dry Sione Walling A&8ociation. Training courses have been offered (o rdn8e of people that would bcnefii from these skills. including trdinces, famiLrs. contractors and vulunlcLrs. Funding for this work has been made available direcily ¢0 DSWA as pan of a grani from the National Lottery Heritage Fund Pendl¢ Hill L•nds¢¥pe Panner5hip. The grant finances are managed by Lancashire County Council for the Pendle Hill Landscape Partnership. The PCF Steppin8 Stone5 Projeci has been completed and the Prince's Countryside Fund has agreed that thc remainin8 8fdn¢ should be used to providc dr). Stone wallin8 trainin8 to yOUll8 people would siruggle to finance iheir own trainin8 and qualifications. The legacy was received from a lady who DJi8raied io Australia in the 19505, having been brought up in tMrham. Th¢ fijnds ar¢ io b¢ used for dry SfLme walling in the Durhwn 8r¢a. Th¢ As$o¢i4uon 1$ ¢onsldering how to achieve maximurn b¢nefii with th¢s¢ funds and ¢ompty with th¢ 1¢8a¢y. There is no time limii on using (he legacy. 19 Anlysl$ of n¢t •Mtts b¢¢wttn Unrestrlcted Totsl fvnd$ Iljl August 2022 Brxnch rvnds G¢traI DeJl%nted Restrleted Tangibl¢ fixed assets Current asset5 Current liabilities 14.812 199.537 14,47 14,512 512.255 14,477 75.000 63200 174.518 Total net &%se(s 199.872 63 75 000 00 174 518 512 590 Pag¢ 27
Dry Ston¢ Walllng Associrdtion of Great Britain Note8 to the FiDaD¢lal Statements for the Year Ended 31 August 2022 Unrestricted Tot*1 funds 8t31 August 2021 Braneb runds G¢ner•l Deslgn8t¢d Restrlctrd Tangible fixed &ssets Curr¢n( assets Currenc liabilities 17.421 151.729 8,285 17,421 489,019 8,285 79.103 102.311 155,876 T¢Jtal net assets 160 865 102.311 155.876 498,155 Page28
Choriry registration nu[lltr. 289678 Dry Stone Walling Association of Great Britain Annual KeEK)rt and Financial Slaiemenrs for the Year Fded 31 AgUSt 2022
Dry StODe Walling A&so¢iation of Great Brilain Contents Reference and Administrative Detsils Ttustees. Report 2105 Statement of Trustres, R&wort4ibiliti¢5 Independeni Examinerfs Report Statement of Finon¢io1 Aaivities 8t09 Balance Sheet 10 N01¢5 ¢0 the Financial Ststemtnts 11 to28
Dry Stone Walling Association of Great Britain Reference aDd Administrative Details Trnsttt5 T Blackwell P Clayt. Chair B H¥rfl¢y P Jsh¢rwood P Kirkup A Loudon C Noble L Noble J Taylor 289678 ChArlty' Rt8lstrilon Nurnb¢r Prlntlpl Office lane Fann Crookland5 MilnthiYp¢ Cwnbria LA7 7NH Independent EI*mlmer Stybl¢s Thompson & Bris¢oe Chartered Accountants & Swutory AudIS 34 Lowther Strtti Kendal tA9 4DX Bonk¢rJ HSBC 331 Lord Stre Southp)rt PR8 INJ Page I
Dry Slone Walling Association of Great Britain Trstee5, Report The %tees present the annual rewjff togetheT with the financial stat¢ittents of the charity for the year ended 31 August 2022. ObJe¢tfve8 and *etfvltle4 Objrtts Th¢ obj¢¢ts of the charity are kn thance eth10n in th¢ ¢TJft attd herityg¢ of dry stone walling for the public benefit. ObJec¢lves. slrnl¢8le$ ohduc¢lvirf 2022 saw the r¢rurn to a fijll programtne of tsaining eourse$ and lest days. after two y¢arn of disruption duc lo the pandemic. Delivery of irainitig via branches and centrally generated in85¢d income. particularly from the courses held ai Crooklands whith were fully booked from March io oc10r. There 15 a significani amouni of pr¢-pa)'ment of course ftts geneTaied by the new online booking sysiem which could be offset against 2023. There hgs also been a considerable increas¢ in ¢rthman Certification fees following the return of regular test days. Demand for trainin8 cc4irs¢$ r¢main5 styon8 with the National Training eouts¢s already fulty booked up to June 2023. Branches have reported that beginner courses have been very popular Èn 2022. A Stsndard Selling event for DSWA Assessors was held in April 2022, wthere the Associaiion launched the tnternal IalitY Assurance {IQA) scheme. Many of the assessors hAve su¢¢essfvlly compleied an IQA assc55mcnl in 2022. A Lantra Audit of the Craft Ctrtiflcation Stheme (CCS) c•rri¢d C in September 2021 and DSWA found io meet all Lantrd Tequiremet)ts. Branrh fiJnd5 remain buoyant and • nutDber of branch&s have trwf¢rred surplus fid5 lo central financ¢8. These fid$ have E¢eD allocated as F¢r branch requests: any gener81 tran5fer5 will help to facilitht¢ the recruitmeni of o full timc Training & Ethicaiion Coordinator. The Tryscee Board has coniinu¢d io hold regular mttiings throu8houi the year. Thtsttts continue lo minimise expenditure b). embracing technology and reducing travel costs. Subscriptions M'cre incre85¢d and there has been ¥n incr¢ in new members, whi¢h also led fo an increase in the amount claimed through Gifl Aid. M¢r¢handise sales have also Increased. Re$tri¢ted Funds projects hlive coniinued with a fijll pro8fdmme of activities under the Pendle Hill Landscape P8rtn¢r5hip, which saw the Association involved it) the delivery of beginner courses, Initial level qualificauons, a wallin8 week and production of a video. ThL. Rural Skills Hub Projecl. fijnded by the Defrl Green Recovery Challen8e Fund. ha5 proved very successfijl otTerin8 a central point for advic4 supporL fvnded tyaining and si8np05tÈn8 to infomiation sources on tradiiional bowidary skills. The Rurnl Ski115 Hub Coordinator has becn working with the DSWA and the National Hedgela)'ing Society to deliver grants iowards trdining in dry stone walling and hedgelaving for 20 young people looking io gain qualificatlons and accreditation in rural skills, paid work placements with pn)fessiond dry stone waller5 and hedg¢layer5 for 5 young people looking for a Tural career and Expwien¢e Days in trdditional boundary skills for ¢omrnuntty organiSl0nS. The Association COttltnue5 to receive numcrow requests for advice and guidaft¢¢ on all aspects of the ¢rnft of dry stone walling and Thill strive to maintsin the quality of inforn)ation available on this tradittonal ¢rafL Publlc bÉn¢fii The Trnsiees ¢opfJrJn thai they have complied with the rrquircrnents of section 17 of the Charities Act 201 I to have due regard to the b]I¢ benefit guidance bliShed by the Charity Commi&sion for England and Wales. Page 2
Dry Stone Walling Association of Great Brilain Trustees, Report Finanei¥41 review The charify s income decre&sed from £279.716 in 202110 £241,042 in 2022, however rnost of the increase last year Telared to restricted nds which were used in the currcni year. Expenditure increased from £169,543 in 2021 to £226,607 reflting the5¢ restrided projects. Overall clwity fvnds increased by £14.435 in th¢ year of which £34,904 relatrd to ut]restricted fimds iticrtL%iDg tcstTV to £512,590. Poucy on reserws Under the requir¢m¢nt5 of ¢h¥ity jaw, the Trus(ees are obliged io defu)e the charity's poliry for holding resetves. The intention in estsblishing thi5 R¢scrvu Policy is to ensure the continuation of the charity's iivities. The policy will enable the charity io meei its1¢8al objcclives. prrjvide confidence to dortors seektng io giv¢ fancial 5UPEXlrt to a prudeni]y controlled charity and to ¢D5ur¢ that the reserves are at a level Sule1cnI to discharge all th¢ ¢lwitys oblig¥¢ions in the even( that il should cease its operations. Thi5 15 not considered to be likety in the fores¢e•ble ffijwre. and therefore the reserves which the thiriry 15 required (o mainiain are those needed 10 fund ongoin8 monthly cosls and future developmen(. To this end, the TruseS have decided that the charity should seek w have reserves which are not invesied in fixcd assets of a sum equal io no Tnore than 12 months ¥eneral TunDing costs and £70,000 has b¢¢n designated for this pu7po.sc. A l&rge proportion of the ¢haritY$ re$¢rv¢s are held bank accounts. The fCIal slat¢m¢nts detsil the movem¢ni in reserves during the yar. Trngte¢s orncers The Nstee$ athd offirers servtn8 durin8 the year and sin¢¢ the year end were &5 foUow3'. Tru5teu.' T Bl*ckwcll P cl. Chair, Chllir B Hartley P Isherwood P KiTkup (appointed 12 March 2022) A Loudom C Noble LNobl¢ J Taylor E Yat¢s a150 served as a trnstee in the y¢or #nd resigned on 18 Juty 2022. Stru¢¢ur¢• governance and mxnxgtmeut The uninwrporated charity. is conStited under a ¢wsi deed dated 1968 with subsequent revisions, the most c¢nt being. dated 4 June 2016 and ratifled at the Annual General M¢¢ting on 4 March 2017. The registered charity number is 289678. Page 3
Dry Stone Walling Assoei2tion of Great Britain Trustees, Report The Association has a Board of Tru5tecs, consisting ofup to12 elected mernbers, th0 hold offLC¢ for a period of three }'ears. Retiring 'frusiees are eligible for re-election for further ternjs of office. The Chairman is elected by the Ttusiees follow'ing the Annual Gtnernl Meetin8. Nominati(ms for the election of Tnjstees are invited 4nnually from the mernbership. Induc0 dIMInR olfftisie The Tru5tee5 provid¢ WTiuen confumation that they understand the duues and responsibilities of their steeship. They concern themsclve5 with every aspe¢t of the DWLagemenl of the charity and are fillly aware of their onerrS responsibilities. The Truste¢s receive and upon regular frt¢ Jdvi¢¢ issued by the Ch•rity Commi5510rL Airangememtsforsettthz key 17¢¢1pepSOnneI renwMeTorf•n Key management ¢omwises Alison Shaw &% ffijll iimr officc admini5tratt¥. The Trus5 set remuneraiion for all 8taff ai the September Trustee Board medin8 each year. to thke effect from the October of thal year. Relatlonshlps wlth related partles Branch assotl#tlonJ The Dry Stone W811in8 AssociatioAJ currently hJ5 fifte¢n tryiches in En8iand and Wales and four bran¢h¢s in Scoilwml. Mojor rtsky andmlnaxemeni ofthose rtsks Risk Managemeni Thc rTUSt¢ have reviewed the major risks which th¢ ¢h•rity faw and believe thal mainthtniny reserves at ¢urreni lev¢15, ¢ombincd with an annual r¢view of th¢ controi5 over key financial 5yStems. will provi¢k sutTicient r¢sour¢e$ in the event of adverse conditions. The Tru$t¢¢s hav¢ also ¢xJmined other operational and business risks faced by the ¢h#rity and continue to esthblish systrms to mitigat¢ 8ny significpnt risk. Flnanclil Instruments ObJécllv*s andpvll¢14S The Chariry's activiti¢5 expose it lo a number of financial risks in¢luding rr¢th't risk, flow risk pmd liquidity risk. The charity does no¢ use derivative financial instruments. Credll rLsk" The Charity's principal fmancial assets bank balances and c&th. trade and other teccivables, on Oa510n short tern] inv&stments. The Chariw hos no signific8n¢ ¢on¢entration of credit risK with expasure spread over a Iwg¢ number of counterparties and cmerS. Llquldlty rl¥k In order to main¢ain liquidity to ensure that Sufficie funth are avtiiiable ongoing operation5 and future develoeThts, the Charity rnainiains a rea%onabl¢ kvel of fid$ in tn51ant access bank accounts. .Further detsils regarding liquidity risk be found ID the Statement of accoun(ing policies in the fmancial statement5. Pag¢ 4
Dry Stone Walling Association of Great Britain Trustecs, Report The annual report wa5 approved by the tNstees of th¢ charity on 17 Dtccmb¢r 2022 and signed on their bchalf Board Chainnan ndTn Pag¢ 5
Dry Slone Walling Assoeiation of Greal Britain Statement of Trnstees, Responsibilities The trnstees are resp)nsible for preparing the tnjstees. report and the finaD¢ial $tatrments in accordance with the United Kingdom Accounting Stsndards (United Kingdom Generaliy Acceptrd Accounting Practic¢) and ar4)licAble law and regulations. The law applicable to charitie5 requires the tN5tees to preyare financial ststrments for each financial year which give a trye and fair view ol the state of affairs of the charity and of the inccéning resour¢¢s and applicalion of r¢source5 of the charty for that period. In preparin8 these fmancial stsf¢m¢nty the Intsic£s are required to.. selrxt 5uiiabl¢ accounting policies and then appty them coLs1cny. obsetrye the methods and principles in the Charitse5 SORP; make judgements and estimates that are reasonable and Frudent. State whether applicable accounling sLandar(L4' have b¢¢n followel subject to any mal¢rial (kpartures di5c105ed and cxplained in the financial statements. and prepare ihe fthaneial $u(tments on the going ¢oneern basis unless it is inappropriate to preswne that the charity will continue im business. The trusrees are r¢5ponsibl¢ for keeping prcyer a¢¢wntin8 records that disclose with reasonle accuracy ar any lime the financial position of the chariry and ellable them to ensu thai the fjnancial st8t¢ments ¢omply with the Charities Act 2011. the applicable Charities (Accounts and Reports) Re8ulauons. and the provisions of the ¢onsliDJtion. The ¢nleeS are also r&8ponsible for safeguardin8 the assets of the ¢harity and hence for tsking reasonable steps for the prevention and detrclion of fraud and other irre8u]arilies. Approved by the iDJstees of the charity on 17 December 2022 5ignwJ on their behr by.. BoaTd C n and TTU$tee Pa8c 6
Dry Stone Walling Association of Greai Britaln Independent ExamiDer's Report to the trustees of Dry StODe Walling Association of Great Britain I report to the tr[¢$ on my examin10 of the accounts of thy Slon¢ Walling Association of Gre4t BriIll for the year ended 31 August 2022. Rupo•sibilities And basls of report As the charity trustees of Dry St¢ Wallin8 Association of Gre4t Britain you are resN)nsible for the preparation of the accounts in accordance with th¢ requirements of the Ch¥rities Act 2011 ('the Act,). I report in respecl of my cxarnination of the thy Stonc Walling AoCIatIOn ofGreai Britain's accowits catTied out un(kr S¢CLion 145 of the 2011 Act pnd in carrying out my examination I have followed all the applicable Direction5 Blven by the Charity Commission undeT S¢¢tion 145(5Xb) of the AtL Independent ex*mlner's stAleffjent I have compl¢¢ed my examination. I confwm that no material matters have come to my ai¢¢ntion in conneclion wtth th¢ examinaiion 8iving me ¢4us¢ io believe that in any material respect.. ccounling r¢¢ords were not kepl in re5pr¢i of thy Sione Walling Association of Great Britain as required by 5cciion 130 of the Aci. or 2. the accounts do nol aciord with those records: or 3. the accounts do noi compty with th¢ O¢¢fAintin8 requirements ¢on¢eminB the forni und conteni of a¢counts set out in the Charities (A¢¢ounL8 and Reports) Regu14ti¢)ns 2008 other than any r¢quirement thai the account5 give a 'Due and fair view, which 1$ not a matter considered as part of an indep¢Dd¢nl exatninafion. I have no concems and have u)me ?¢ross no other matteTS in connection with the examination to which attention should be drawn in this report in order io enable a proper un(kTStandirtg of the accounts to be reached. Helen Holme5 ICAEW Siables Thomp50n & Briscoe Chartered AccountHnL5 & Statutory Audilors 34 Lowther Street Kendal LA9 4DX Datc.. Page 7
Dry Stone Walling A580¢ition of Grcat Britain Statement of Financial Activities for the Year Ended 31 August 2022 Unrestritied funds R¢strlttrd fvnds Branth funds Tot81 2022 Note Ineorne and Endowments from: Donaiions and le8aci&s Chariiable activities Other Iradin8 ac(ivities Investsnent income Oth¢T income 74,098 58,618 8.166 563 7.792 4,262 84,321 1,598 36 1,588 78.923 150.731 9,764 36 I,S88 Totsl IncoTne 140.882 8.355 241042 Expedlture on: Chariwble a¢tiviiie8 123818 55.523 226.607 Total Expenditure 123,818 47,26 55.523 226.607 incom&'(expenditure) GTOSS transfers beN'een OJnds 17.064 (38.911) 200 36,282 14,435 18 Net movement in fjJnds 34.sNM (39.111) 18,642 14,435 Reconelll*tlon offvnds Total ffijnds brought forward 239 968 102 311 155 876 498 155 Total funds carried foNard 63 274 872 00 174518 512 590 Braneh fjJnds ar¢ separated in the accounts as they are not readily •cets5ible by the ¢¢ntral office, being under the control of the r¢l¢vani brch ccrfnmittee. The notes on pages I I to 28 forn) an integral pon of th¢5e financial statements. Page 8
Dry Stone Walling Association of Great Britain Statement of Fin2neial Aetivities for the Year Ended 31 August 2022 Testrl¢ted ds Re5trleted fund5 Branch funds Tolal 2021 Comparatlves Ineome And Endowments from: Donation5 and legacies Charitablt a¢iivities Other trading aaivities Investment income O¢h¢r income 12211 45.670 1,536 84,111 180,211 11,970 15 35,559 10,434 98.982 3.409 Total Ittcomt 117893 279716 Expendliure chitable activities 169543 Total ExndIre (104.307 41,738 169,543 Net irtcome Gros$ transfers fund5 13.586 75.484 21.103 110.173 Net movemeni ith 43,280 48.020 18.873 110.173 R¢conclllwilun of funds Total funds brou8ht fonward Total fjJnds earri¢d fon¥*d 196 688 387 982 239 968 102 311 155876 498 155 The fvnds breakdown for the curreni yw and 2021 is shown in Dote 18. The noi¢s on page5 1 I to 28 forni an integral part of these financial stsiements. Page 9
Dry Stone Walling Association of GreAt Britain (R¢gislr*tion nunbber: 289678) Balanee Sheet at 31 August 2022 2Q22 2021 Filed assets Tangible assets 13 14.812 17.421 Current i&qets Stocks Debtors Branch bank accounts Casb at bank and in hand 14 15 16 16,045 1.047 174.075 321.088 17,755 3,071 155,433 312,760 512,255 489,019 Credl¢oYs: Amount$ falling due wlthln ODt yur Net £urrenl assets 17 14,477 11.285 497.778 480.734 Net 8SS¢ts 19 512,590 498 155 Funds of the ¢h•rity: Branch funds 174,518 155,876 Restrlctrd 63.200 102.311 Unrutrlcted 274.872 239,968 Toi41 fuThd8 18 512590 498,155 The financial staiements on pages 8 10 28 w¢re approved by the Uste£S. and authorised for i%ue on 17 De¢ember 2022 and $ita on their behalf by.. Llayto Ilian and Trustee Th¢ notes on pag¢s I I to 28 fonn aD intrgrdl part olthese fman¢ial Slatements. Page 10
Dry Stone Walling A&qoeRgtion of.Great Britain Notes to the Finantial Ststem¢nts for the Year Ended 31 August 2022 l A¢¢ountlng polici Stat¢m¢nt of compliance The fancial statements have been prepared in acc4)rdance with Accounting and Reportirtg by Charities.. Staiemenl of Recommended Practice applicable charilies prcparing their accounts in accordance with the Financial Rerrfjrting S(andard applicable in the UK and Republic of Ireland (FRS 102) (¢ffectlV2 1 January 2019) - (Charities SORP (FRS 102)), the Financial ReFKJrting Stwndard applicablc TD th¢ UK and Republic of Ircland {FRS 102) and the ChaTities Aci 2011. Baili of preprntlo• Dry Stone Walling Association of Great Britain is an unincoTPrted charity registered in England and Wal¢s. The address of the regiSred offitt is given on the eh8rity InformlOn page of these fthortei81 statements. The naDJre of the charity's operntions gnd principal a¢tiviues ar¢ adv)n¢¢ ¢du¢8¢ion in the ¢ran and h¢rithg¢ of dry stone walling. Dry Stone W811in8 Association of Great Britsin meets the definition of a public benefii entity under FRS 102. Assets and li8bilitie5 are ini¢ialty recognised ai hi5wrical cos¢ or tran110 value un1¢55 oth¢rwis¢ s¢it¢d in the relevant accounting policy notes. Tht a¢¢ourtts are presertted in SieTling which 15 the functional currency of the chariry and rounded to the neareyt Exempllon from pr¢prlth% 4 c*sh now s¢atemenl Tlie Lhdfiiy qUdlifi¥s smdll and therefore noi included a cash flow sthtement in these financial $totcmenLS. Golng eoneern The tswst¢es ¢ottsider that there are no terial uncertatnties abo the tharity's ability to continue Hs a 80in8 ¢ontern. Income #nd endowments Voluntary incom¢ including donations, gift& legacies grants thai provide core fvnding or are of a general naDJre 15 recognlsed when the charity ¢ntitlem¢nt to th¢ incom¢, it 15 probablc th8t th¢ income will be received and the amount catt bc musured with sutricienl r¢liabilitv. Donotlon.f le¥4cles Donations and legaci&q are recognised on g r¢c¢ivable tosis when re¢eiy is probable and the amnI ¢an be reliably rneDsured. GT4nts recehyable Grat]ts are recognised when the ¢EIty att ¢lltit1e[nt to the fiJtLds attd arty ¢onditions link¢d to th¢ gratsts have been met. Ivhere perfomiance conditit)n5 ar¢ atta¢h¢d io the grdnt alld ar¢ y¢t to Ix meL the iucomc is recogni5 &5 a liability pnd in¢lud¢d on the balance Sheet a5 deferred income to be r¢l¢a5ed. Pagell
Dry Stone WAlling Association of Great Britvdln Notes to the Financial Stt¢m¢nts for the Year Ended 31 August 2022 Gifts kd Gifts in kind donated for resale are included at fair value. being the exp¢¢t¢d prcK¢eds from sale less the txpectrd costs of sale. Where estimating the fair valu¢ 15 pfdclicable upon receipt it is recognised in 5wck and 'Income from other trading aclivities,. bpon sal¢. th¢ value of the si(Ick is charged againsi 'lncome from other trading activities, and the proceeds are recognised as 'lncome frorn oiber tradillg activities,. Where it is impracticable io fair value the items due lo the volume of low value items they are not reeognised in the fnCIal stalements UtLtiI they ar¢ sold. This income is recogrtised within 'lncome from oth¢r tradinB a¢tiviti¢5'. Donul¢d services 4ndfq¢UIrf Donited faciliiies and donated professional service5 are recogni5ed in iDCOrn¢ at their fair v8lue when their economic benefit is probable. li can be measured reliably and the chartty has wDtroI over the it¢m. Fair value is detemiined on the basis of the va]ue of the gift to the charity. For ¢xmpl¢ th¢ wnouni the charity would be willing to pay in the open markei for such fa¢ilities and seTVittS. A ¢(YT¢spottding 4mouni is r¢¢ognised in expenditure. Eipenditure All expendiwre 15 Tecognised once there is a le8al or constructive obligalion to thai expendillire, it is probable settlem1 is required and the arn(nt can b¢ rn¢asured reli•bty. All tosts #re Allocattd to the Applicabl¢ ¢xpcnditure hcading thot a88re8atr similar ¢osts th thal cate80ry. Where costs cannot bc direcily atlributcd (o purti¢ular hcadift8& ihry havc bccn allocaicd on a bLsi5 consisteni with the use of resources. with central staff costs allocaied on the basis of (ime spen(. and depreciaiion char8es allocaied on the portion of the asset's Use. Other suppon costs are allocaied based on the 5Prtad of stsff costs. Charlioble rtcllvliles Charitable expendi¢ure comprises those costs incurred ty the charity in the delivery of its activities and services for ils beneficiaries. It includes both costs that can be allocated direcily lo such activities and ihose costs ol. a indircct nature n¢c¢ssary to 5UPPOrt them. GrttAlprovtsloHs Provisions for Brants are madc when the intention lo a 8raDi h&$ been communicad io the recipient but there is wicertainty alMJUt either the timin8 of the 8rant or the amount of grant payable. Gov¢rTrAn¢e £oJtJ These in¢lude the cosi$ ottritrMJtabl¢ to the charity'$ complian¢e with nStitU110naj and statutory r¢quiremenus. including audit. Slrategic management and trustees's medings and reimbursed expenses. GoverTrThent grsnts Government granis are rttognised based on the acCnl model and are measured at the fair value of the asset received or receivable. Grdnts are classified as relating either io revenue or to assets. Grants relating to revenue are reco8nised in income over the period in which the relatrd costs are recognised. Granls relating io assets are reco8nised 0er rhe expected useful life of the &ssd. Where part of a grant relating to an asset is deferred, it is recogniscd as deferred income. Page 12
Dry Stone Walling Association of Great Britain Notes to the Financial Statements for the Year Ended 31 August 2022 TI¥tio The charity 15 Considered to pass the le5ts Set oui in Paragraph I Sehedule 6 of the Finance Act 2010 and therefore it meets the deflnition of a charitsblc company for UK corpord(ion tsx purposes. Accordingly. the ¢hariry is pot¢niially ¢x¢mpt from laxation in Tesp¢¢i of inc(n¢ or upitsl gain5 received M'ithin categories eovered by Chapter 3 Part I l of the Corpcrdiion Tax Act 2010 or Stetitsn 256 of th¢ Taxaiion of Ch)rg¢able Gains Aci 1992. 10 the exieni ihai such income or gains are applied exclusively to charitsble purposes. Tangiblt flied d55ets Indivithsal fixed assets costing £250.00 or more are initialty recorded Al ¢OSL Depreclatlon amortlsatlDn Depreciarion is provided on tsngibl¢ fixed assets so a5 lo WT1 off the cost or valuation. less any estimated residual value. over their expected us¢thl t<1¢ lif¢ as follows: Asset clam Fixtures. fittin85 aDd equikYnen¢ Deprtelatlon mtlhod ibd rate 150/0 reducing balance Reg¢ar¢h and development Research and development expenditure is wrilten off a5 incuTTed. Currttnt Amet Invutments Current &sset inwes(rne#ts Ire included at the lower of and net realisablt value / markel vBlue. Stock Stocks are ated at the lower of cost and Csiimated selling pric¢ less costs th ¢omplete and sell. Cos¢ in¢lude$ all ¢osts of pur¢hase, costs of conversion and other costs inruTr¢d in bringing stock to its present loca(ion and condition. Cos¢ 1$ ¢al¢ulat¢d usin8 the fllsi-in, fllsi•OUt fomLuIL Provision is made for damaged. obsol¢tt and slow-moving siock where appropriate. Tr4de debtDrs Debiors and creditors with tto ststed interest ratr and receivable or pyabl¢ within one year are recorded ai Iransaction price. Any losses Irising from impainneDt are recognised in expenditure. CAih and cash ¢qulYalents Cash and cash equivalents wmpri5e cash OD lland and call d¢posits, and (rther short-term highly liquid investments thal are readily ¢onv¢rtible to a known amount of ¢ash Jnd are subject to an insignifican¢ risk of change in valvc. Page 13
Dry Stone WYdlliDg Association of Great Britain Noles to the Financial Stalements for the Year Ended 31 August 2022 Trade crtdito Trade creditors are obliEaiions to pay for g¢xxls or services tbat bave been acquired in the ordtnary course of busiDess from suppliers. Accounts payable are classified as current liabilities if the chariry does Thot have an unconditional right, ai the end of the reportillg p¢ri(M4, to defer settlement of the credilor for at least twelv¢ months after the rcFK)rtin8 date. If there is an uncondickonal right to defeT settlement for at IcLSt twelve months after the reN)rting date. they are presented &s nortUrrent liabilitlC5. Trnde ¢reditOTS are re¢tsgnised initially ai the tyan5action price and subsequently Measur at amortised c05t using ihe effective inlcrttst method. Fund structure Unrestricted income funds are genezal funds that are available for use at the tntte5'S discretion in furtherance of Lhc objectives of the charity. Restri¢t¢d in¢ome funds are those don&ed for use in a particular area or for specific purposes, th¢ us¢ of whi¢h is restricted io thai area or purpe6¢. Branch fijnds are separated in th¢ a¢¢oun¢s &% thcy •Te readily llcce5s&ble by the central office and ar¢ ontrolled by the knnch committtts. Fltt4n¢l#l Injtruments CloK%lflcrtrfon Finoncial Lssets and financial liabilities are reco&ni&ed th8 charity become5 a party to the contractual provisions of the instnJTnent. Financial liabilitie5 and equity in5trnmeDiS are classified according io the substance of th¢ contractual arraiigements eniercd into. An cquity LfistrLim¢nl is any contyath thai evidences a residual inLerest in thc ets of the charits, after deducting all vf i(5 liabiliti¢s. Rtcognlrtoll All fUn¢18] assets and liabilities e initially mea5ur¢d at (Tansllction wice (including rr8nsa¢tion ¢osts). excepl for those fancial assets classified as * fair value through profit or loss. which are initially m¢4sur¢d at fair value (which is norn]alty the transacuon price excludin8 trdnsaction costs). unless the arng¢ment ¢on$iilu¢es a financing tran5aclion. If an arrdn8em#i¢ con5ti¢utes a financin8 Msaciion. the financial &sset or financial liabili¢y is measured at the preseni v&lue of the future pwents discound at a Maet rnte of interest for a sirnilar debt iDstnJmenL Financial assets and liabilities are only offset in the sfaiernenl of financial position when. and only whett there ¢xi$¢5 a legally enforceable right io sei off the reco8ni5ed amounts and the charity innds either to settle on net t05is, or lo realise the a£¢ and s¢ttl¢ the lithility sltnultaneoty. Financial assets are derecognised when and onty when a) the contracDJal rights to the cash flow5 from Ihe financial asset expire or are settled, b) the tharity transfers io another party substantially ail of the risks and rewards of ownersbip of the fllun¢ial asseL or c) the chariry.. despite having rethined Some. but not all, signifiLant risks and rewards of ownership, has transferred control of the asset io another parts. Finattcial liabiliues are derecognised onty when the obligation specified in the contract is discharged, cancelled or expires. Page 14
Dry Stone Walling Association of Gr¢at Britain Notes to the Financial Stydtemellls for the Year Ended 31 August 2022 2 Income from doDatiotsJ Mnd leiades Unrestricted Restrieted d$ Branch funds Total 2022 Gtneral Donalions and le8acies' Donation5 Gift aid reclaimed rants, includin8 capital grants. Grants from other charities Granis received by branches Branch Syb%ripiions Subscriptions 1,758 9,083 500 3.065 5.323 9,083 63 63 1,242 (45) 63,257 78.923 1.242 (4S) 63.257 74.098 563 4,262 Unrutricttd funds Gelleral Br¥Jneh fundi Tothl 2021 Donations and le8acies; Donations Clift aid reclaimed Grants, including capiral grants. Government 8fdnts Grants received by branches Branch Substripiions Subscriptions 2.624 7.093 2,912 5,536 7,093 5.717 5,717 9,244 55 56,466 9,244 55 71.900 12.211 Page 15
Dry Stone Walling AssociatioD of Great Britain otes to the Financial Statements for the Year Ended 31 August 2022 3 Intome from cbarltable getivilie Unrtstrie¢¢d Restricted f•nd# Braneb funds Tot 2022 General Certification fees Trdining D¢monstrations Pendle Hill Branch projects and ¢v¢nts 32,497 26.121 32.497 106,819 400 7,792 3,223 80,698 400 7.792 3.223 58.618 7,792 84.321 150,731 UTrrestrleted rund5 GeTrerAI Restrleted rund% Branch funds To141 2(121 PCF S(epping Ston¢$ 2019 Certifi¢ation fees Trninln8 DemonstraiioD Pertdl¢ Hill HLF Em¢rg¢ncy Fund Brdnch projects and events HLF Green Recovery Challenge 10.000 10,900 20,654 58,276 250 532 38,600 1,149 20,654 14,CQS 44.271 250 532 38.600 1.149 35.559 180 211 Page 16
Dry Stone Walling A$so¢igtion of Great Britain otes to tbe Finanelal Statements for the Y¢8r Ended 31 August 2022 4 Tllcome from other trading activitie5 Unrestricted funds General Breh lunds Perm¢ Total 2022 Trading income. Sales of goods and 5trvices Lotteri¢s and competitions income 7.178 988 1,598 8.776 988 8.166 1.598 9.764 Unrestrleied nds General Brnneh funds Permanent Total 2021 Trnding income; Sales of good5 and 8ervi¢¢s Lotteries and competitions illcom¢ 9,376 ,536 10,912 S Invutment Income Branch funds Perm#nent Totxl 2022 Interes¢ re¢¢iv8ble and similar income. Interest receivable on bank deposits 36 36 36 36 Branch funds Pennanellt TotAI 2021 Inieres( receivabl¢ and similar income; tntrrest receivable on bank d¢posits 15 15 15 15 6 Other IncoThe Branch funds Perm#ttent Total 2022 Other branch income 1,588 1,588 Brnneh funds Permanent Total 2021 Other brdnch income 3,409 Page 17
Dry Stone Walling knociation of Great Britain Note5 to the FiDaDcial Statements for the Year EDded 31 August 2022 7 EXpethdItu on eh#rble ¢tlvldes iiDrestrict¢d ds Gener1 Restrieied fvnds BNnch fund5 P¢nngnent Total 1022 Am'ards and demonstrations Certification scheme Training Leaflets, journals and advertisin8 Purch&8es of goods for resale {adj for siock) Restricted project5 (see fvnds note) Branch equipmenL advertising and events Branch donations Other branch costs Governance costs Wage5 and salaries Fre¢ltth¢e TEC 8nd Dev¢lopm¢ni Retst and rates Offi¢¢ maint¢n8tt¢¢ ond r¢pairs In5uraDce Stationery, ¢¢lephon¢ ond pOS&e Bank chBr8es General travel expenses Depreciation 36 21.901 15,597 7.365 3.434 3,470 21.901 47.832 7.928 32.235 563 7.183 977 8,160 46,703 46,703 10,066 878 7.796 10,066 878 7.796 11,463 27,593 6.815 ,943 2,412 2,274 6,813 2,730 221 11.463 27.593 6,815 8.943 2.412 2,274 6,813 1593 221 137 47 123.818 66 226,607 P48e 18
Dry Stone Wvdlling Associallon of Great Britain Notes to the Financial Statements for tbe Year Ended 31 August 2022 Unrestricted runds Cener*l Rtstrieted nds BrAnclb funds Permanent Totsl 2021 Award5 and denionstrauons C¢rtifi¢arion s¢heme Training Leaflets. jownals and a¢fvertising Pur¢hase5 of goods for resale (adj for stock) Restricied projecis (see fijnds not¢) Branch equipmen( advertisin8 and events 11.501 7.871 4.655 11.501 22,608 4,655 14,737 5.033 2.233 7.266 23,498 23.498 14.517 298 14.517 298 BT¥nch donalions Oth¢r branch costs Governatt¢e Costs Wiges and salarie5 Freelance TEC and Developmeni Rcn¢ and rntes Office maintenance and repairs InsurAn¢e S¢a¢ionery, telephone and TKJSta8e Bank ¢harges Genernl travel expenses DepTCCIEltion 9.752 9.752 8,481 29,731 8,143 10,426 5,633 2,162 5,985 2,129 178 2,463 8.481 29,731 .143 10,426 5,633 2,162 5.985 2,045 178 2,463 104,307 23.498 41,738 169,543 Page 19
Dry Stone Walling Asso¢iation of Great Britain Notes to the Financial Statements for the Year Ended 31 August 2022 Activity yndertaken dirtttty Activity iupport ¢05 2022 Awards, events and demonstrations Certificauon scheme Training Le)flets. joumais and advertising Purch&4es of good5 for resale Restricred projects (see fvn&% no¢e) Branch equipment. advertisin8 artd evrnts Branch donaiion5 Other bran¢h costs Governance ¢o$ts Wages and salaries Freelan¢¢ TEC and Development Rent and rates Offic¢ maintenAnce and reF4irs Insuronee Stationery., t¢l¢phone and postage Bank charges General irji'el ¢xpense5 D¢pr¢¢iaiion 3.470 21.901 47.832 7,928 8.160 46,703 10.066 878 7,796 3,470 21.901 47,832 7,928 8,160 46.703 10,066 878 7,796 11,463 27,593 6,815 8.943 2,412 2.274 6,813 2,730 221 2,609 11.463 27,593 6.815 8,943 2.412 2,274 6,813 2,730 221 2,609 161549 226 607 Page 20
Dry Stone Walling As$o¢ialion of Gr¢4t Britain 'ol¢s to the Finneial Statements for the Year End¢d 31 August 2022 Artlvlty dertken direetly Aetivity support Cts 2021 Award5, events and demonstratity Certificauon scheme Training Leafleis. journals and advertising Purcbases of 8oo¢Ls for rcsal¢ Restricted projects {see filljds notc) Branch equipmenL advertising and events Branch donations OtheT branLh costs Gov¢rn8ncc costs Wages and salaries Freelance TEC and DeveloFxneni Rent and rntes Offlce maintenance and repairs Inswance Staiionery. *lephone and posts8e Bank ¢har8¢5 Gcncral travel expenses Depre¢iaiion 117 11.501 22.608 4.655 7,266 23,498 14,517 298 9,752 8,481 29,731 8.143 10,426 5.633 2,162 5,985 2.129 178 2,463 11.501 22,608 4.655 7.266 23,498 14.517 298 9.752 8,481 29,731 .143 10,426 5,633 2,162 5,985 2,129 178 IL12 355 169 543 8 Anal)'sl$ of governancc and support twt• Governance cosls Unrestrieted funds General Restricted fund5 TotAI 2022 Independent examiner fees Examination of the fituncial $wanellts Other fees ld io exarniners TN5tee5 remuneration and ewn5es Legal fees Tre45urerfs fee$ C05t of tru51ees' meeiings and AGM 2,650 759 935 3,722 3.069 328 2,650 759 935 3,722 3.069 328 11,463 11,463 Page21
Dry Stone Walling knoeiation of Great Britain Notes to tbe Financial Statements for the Year Ended 31 August 2022 Unrestrided funds General Total 21121 dep¢nden¢ examiner fees Examination of the financial attm¢nis Oth¢T f¢cs paid to examiners Trustees remunerktion and eXse3 Lcgal fees Tre85ureVs fees C(kSt of trustees, meeiin8S gnd AGM 2,805 701 675 175 3,945 180 2.805 701 675 17S 3,945 180 8,481 8,481 9 Net IneominEloui%oln% Mourtts Net incoming resources for ihe year include.. 2022 2021 Deprecialion of fixed &ets 2.609 2,463 10 Trustees remuneratlon gnd ¢xpetyse5 Durin8 the year the charity made the followin8 Ir•tiu¢tions with ttuste¢s". T Blackm'ell £4712021.. £Nil) of expenses were reimbursed to T Bla¢kw¢ll during the year. B Harfley B Hanle) re¢eived Examiner ftt%qtJstructor TTrÈning T(Or costs of £682 (2021.. £Nill and £492 (2021.. £Nil) of experts¢s were reirnbursed to B Hartley during th¢ year. G Hl¢ks £bTjl12021.. £162) of expenses were reirnbursed to G Hicks thiring th¢ yeor. P Clai'ton £283 (2021.. £216) of exp¢ns¢$ were reimbursed io P Clayton during the year. P 18heTh'ood P 15h¢rFlo received Examiner feesllnstsvd( Trninin8 Tutor costs of £392 (2021.. £2.188) and £45 {2021.. £Nil) of wen5es were reimbursed to P tshemod durin8 the year. A Loudon A Loudon received Examiner ferty0r Trnining Tuior costs of £11,926 12021.. £3,530) and £Nil (2021.. £Nil) of exn5¢S were reimbursed to A Loudon thiring the year. J Taylor £155 (2021.. £79) of expenses were 1Mbsed to J TayloT during the Jear. L Noble L Noble received Examiticr fee511nstructor Training TutOT costs of £361 12021.. £Nil} and £189 (2021.. £89) of expenses were reimbursed to L N'obl¢ during the year. T Wr*gg T Iwragg rtteiited Examiner fe&ln5truc(or Training Tutor costs of £Nil (2021: £250) during the year. Pag¢ 22
Dry Stone Walling Association of Great Britain Note5 to the FthYdn¢fial StatcmeDI8 for the Year Ended 31 August 2022 C Noble C Noble received Examiner fees/lnsknJetor Tnining Tur costs of £989 (2021.. £603) arsd £81 (2021.. £89) of expenses were reimbursed to C Noble during the year. R Sto¢kAII £Nil12021.. £2l8) of expense5 were re1t1th to R Stockall during the ycar. P KArkup £8212021.. £Nil) of expensts w¢re r¢imbw5ed io P Kirkup thiring th¢ y¢4r. Eyat E Yales re¢e&ved Examiner feeslInstructor Trnining Tutwcosis of £1.78412021: £Nil) thiring the year. No Iruste¢5 have received any other benefits from the charity during the year. The ireasurer. %>ho is not forrnally 4 tru5tr¢, is a fre¢lanc¢ conwltanl ynd r¢¢¢iv¢d £3,069 for ting as treasurer and £9.338 for the role of freelance Trdining & Educa(ion CIM)rdinaior and &ssi5wIG¢ on r¢5tricted projects. I I Stff eosts The aggregate payrnll costs were as follows: 2022 2021 Si%ff coJts durlng th¢ year were: Ih'age5 and salaries Freelance 48,426 6.815 29,731 8,143 55,241 37.874 Thc monthty avcrdgc number of persons (incbJdin8 $¢nior mana8¢m¢ni I leadership It) employ¢d by the charil). during the year express¢d as full lime eqwvalents was as follows.. 2022 2021 No Administration PToje¢( Costs No employee received emoluments of more thgn £50,IXK) during the year The tal employee benefits of the kry management personnel of the charity were £20,466 (2021- £23.169). A2 T#i*ilon The charity is a r¢gi5t¢red charity and 15 thereth cxernpt from tsxatiiJD. Page 23
Dry Stone WAlling Association of Great Britain Noles to the Financial Statements for the Year Ended 31 August 2022 13 Tanglble nxed assets Furniture ind equlpmcnl Ttyt41 Cost At I Sept¢rnE¢r 2021 31.666 31,666 At 31 Augus12022 31.666 31.666 Depreclailon Ar I Sepiernber 2021 Charge for the year AI 31 Au8U5t 2022 14,245 2,609 14245 2,609 16,854 16.854 Net boolL valye Ai 31 August 2022 14.812 14,812 Al 31 August 2021 17,421 14 Stock 2022 2021 Finished goods 17,755 15 Debtors 2022 2021 Trad¢ debtors Prepayynents 859 188 3,071 1,047 16 Branch bAnk #ceounts 2022 2021 Balances held bv branthes thac are not readily available to the PArent charity 174075 155433 Pagc 24
Dry Stone WAlling Association of Great Britain Notes to the Financial Statements for the Year Ended 31 August 2022 17 Crediiorn: omounts falllDg dye wlthln one yr 2022 21)21 Trade creditors Other i&xation And s(Kial security A¢¢rnals 741 544 13,192 S.733 312 2,240 14.477 8.285 18 FuDdJ Balance at I September 2021 IncoTnlni r¢fyour¢ ReUr£ ¢xp¢nded 3] August 2022 Transfers UnrestrScted hJndJ Genernl G¢ner411 ynr¢5tricied funds 160,865 140.882 (119.715) 17,840 199,872 Deslgnoled Awards fijnd Operatin8 reserve Developmeni olfiur 5,000 70,0(K) 4.103 5,000 70.000 79,103 (4,103 75.000 Total unreitrlcted lundi 239,968 140.882 (123,818 17,840 274,872 Rejtrlcted funds Specific donations and sponsorship for prin(in8 Arcbive project Legacy for dry, stotte wallin8 in the Durham orea Pendle Hill PCF Stepping Stones 2019 DEFRA Green Recovery Challenge Fund l Rural Skills Hub) 563 (563) 2W (200) 40,088 4.756 8.363 40,088 5,410 4,034 7.792 (7,138) (4,329) 48,904 35.236 13,668 Tot81 restrlcted fundj 102.311 8,355 (47.266) (200) 63,200 Brnneh funds PernMneRI Brall¢b fimds 155.876 91.805 (55.523 17,640 174,518 Total fvllds 498,155 226.60 512,590 Page 25
Dry Stone Walling Association of GreAt Britain Notes to the Financial Statements for the Year Ellded 31 Augus12022 Bal•nce at I Septernber 2020 Balance at 31 August 2021 IDcominz resollr¢es Rttources exptthded Tramsftn Unr¢strltted fndS Gemeral Gener8J unrestricted fimd5 117,585 117.893 1104,307) 29,694 160,865 Deslznaied AwaTds fimd 0raCing reserve Deit¢lopm¢ni officeT 5.000 70.000 4.103 70.CK(J 4.103 79.103 79,103 Tot*1 unrutTlCted funds 196.688 117,893 104,307 29,694 239,968 Restrl¢t¢d Archive project Le8ac)' for dry s¢one walling in the Durham area Pendle Hill PCF Steppin8 Sloncs 2019 HLF Emer8ency Fund DEFRA Greln Recovery Challenge Fund { Rural Skj'lls H¥b) 200 200 40.088 9.658 4,345 40,088 4,756 8.363 532 10,0 38,6fy) {5.434) (5,982) (11,136) (27,464) 49.850 946 48.904 TolAI rtsiricted funds 54.291 98.982 (23,498) (27,464) 102,31 BroD¢h Br&nch fimds 137.003 41,738 2.230 155,876 Total fun(ts 387 982 279,716 169,543 498,155 Page 26
Dry Stone Walling Association of Great Britaln 4ote$ to the Financial Statements for the Year EDded 31 August 2022 The spe¢ifi¢ PUTP0S¢5 for whith the fund$ ore to b¢ applied ar¢ &8 follows: The National Lollery Heritsge Fund Emergency Grant WHS Used Specifically on measures to support the Association to deal wilh the pandemic crisi5. The A$SlatiOn pw¢lwed PPE and equipmen( io enable Br]ch and National training Courses and Test Days to resume under Covid-19 protocols. The remainder of the Grant W7s used to support central overhead COSLS during the kxriod where there was no income (Tom trdinin8 and test days. The D¢fra Green Recovery Chailen8c Fund is u5¢d 501ety io fjjnd th¢ Rurnl Skills Hub project which is deliVed ¥ parlner5hip between ihe Dry Stone Walling AsyKiation and the National Hed8elaying Society, The project brithgs tO8eiher all the expertise of the Naiional Hedgelaying Sociery and the Dry Stone Walling A£slatIOn to forn) a Rural Skills Hub offering a central poini foT 8dvice, sUPPOrt, fund¢d ¢r4ining and signposting to infoall011 sources. It has provided funding for young people towards training and qualifi¢ations in dry stone walling and hed8elayin8 and fijnded c¢Jmmunity en888ement events to prom¢X¢ the benefits of tradiuonal boundaries. The project wlll be comple¢¢d in March 2023. The P¢ndl¢ Hill Lands¢ap¢ Partnership Pffoje¢t in¢ludes on el¢m¢nt of training for dry 5wn¢ walling and hedgelayin& which is managed by the Dry Sione Walling A&8ociation. Training courses have been offered (o rdn8e of people that would bcnefii from these skills. including trdinces, famiLrs. contractors and vulunlcLrs. Funding for this work has been made available direcily ¢0 DSWA as pan of a grani from the National Lottery Heritage Fund Pendl¢ Hill L•nds¢¥pe Panner5hip. The grant finances are managed by Lancashire County Council for the Pendle Hill Landscape Partnership. The PCF Steppin8 Stone5 Projeci has been completed and the Prince's Countryside Fund has agreed that thc remainin8 8fdn¢ should be used to providc dr). Stone wallin8 trainin8 to yOUll8 people would siruggle to finance iheir own trainin8 and qualifications. The legacy was received from a lady who DJi8raied io Australia in the 19505, having been brought up in tMrham. Th¢ fijnds ar¢ io b¢ used for dry SfLme walling in the Durhwn 8r¢a. Th¢ As$o¢i4uon 1$ ¢onsldering how to achieve maximurn b¢nefii with th¢s¢ funds and ¢ompty with th¢ 1¢8a¢y. There is no time limii on using (he legacy. 19 Anlysl$ of n¢t •Mtts b¢¢wttn Unrestrlcted Totsl fvnd$ Iljl August 2022 Brxnch rvnds G¢traI DeJl%nted Restrleted Tangibl¢ fixed assets Current asset5 Current liabilities 14.812 199.537 14,47 14,512 512.255 14,477 75.000 63200 174.518 Total net &%se(s 199.872 63 75 000 00 174 518 512 590 Pag¢ 27
Dry Ston¢ Walllng Associrdtion of Great Britain Note8 to the FiDaD¢lal Statements for the Year Ended 31 August 2022 Unrestricted Tot*1 funds 8t31 August 2021 Braneb runds G¢ner•l Deslgn8t¢d Restrlctrd Tangible fixed &ssets Curr¢n( assets Currenc liabilities 17.421 151.729 8,285 17,421 489,019 8,285 79.103 102.311 155,876 T¢Jtal net assets 160 865 102.311 155.876 498,155 Page28