ANNUAL REPORT AND - SUMMARY ACCOUNTS 2022 2023
Teasses Estate Doocot. Photo by Mar�n Tyler
Contents
| Ofce Bearers | Page 3 |
|---|---|
| Current Honorary Life Members | Page 4 |
| Trustee Board Members | Page 4 |
| Chairman's Report | Page 5 |
| Financial Report | Page 13 |
| Statement of Financial Ac�vi�es | Page 14 |
| Balance Sheet | Page 15 |
| Summary of Branch Annual Returns | Page 16 |
| Branch Ofcers | Page 18 |
| Membership Records | Page 19 |
©DSWA 2023. All rights are reserved. No part of this publica�on may be reproduced, stored in a retrieval system or transmi�ed in any form or by any means; electronic, mechanical, photocopied, recorded or otherwise, without the prior and wri�en permission of the Dry Stone Walling Associa�on.
DSWA, Lane Farm, Crooklands, Milnthorpe, Cumbria, LA7 7NH www.dswa.org.uk
Registered Charity Number 289678
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Ofce Bearers
PATRON HRH The Prince of Wales 2006 -
Her Grace, The Dowager Duchess of Devonshire 1990 - 2005 PRESIDENT The Lord Cavendish of Furness DL 2008 - Bryan Hough LCG 2005 – 2008 Ken France 2002 - 2005 Bryan 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 convenor) VICE PRESIDENTS Brian Jones Bill Noble Tom Norris Chris Stephens (resigned 2023) CHAIRMAN 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 Re�red 1982 DEPUTY CHAIRMAN Tracey Blackwell CRAFT SKILLS CO-ORDINATOR Andrew Loudon TREASURER Linda Clarkson
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Current Honorary Life Members
J R Bown, I K Dewar,
J Riddick, Ms A Shaw, F E Shields OBE, FRAgS, Mrs J Simpkins, P Webley, T Wragg
- DSWA Trustee Board Members (Sept 2022 Aug 2023)
Paul Clayton (Chairman) (appointed March 2023) Tracey Blackwell (appointed 2023) Brian Hartley (appointed 2023)
Andrew Loudon
Cuthbert Noble - (co opted 2023) Lydia Noble - (co opted 2023)
Peter Isherwood
Jack Taylor
Pamela Kirkup
Mar�n Tyler (co opted 2023)
Four Trustee Board mee�ng are held during the period covered by this report
Banks
HSBC Bank plc, 331 Lord Street, Southport, PR8 1NJ
Solicitors
Milne Moser, Solicitors, Westmorland House, The Square, Milnthorpe, Cumbria, LA7 7QJ
Insurers
NFU Mutual Insurance Society Limited, Prospect House, Meadow Bank Business Park, Shap Road, Kendal, Cumbria, LA9 6NY
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- Annual Report 1 September 2022 31 August 2023
Introduc�on
Welcome to the latest annual report for the Dry Stone Walling Associa�on, covering the period men�oned above.
A�er twenty years working �relessly for the Dry Stone Walling Associa�on, Alison Shaw moved on to pastures new in June. We extend our thanks again to Alison for all her years of dedicated services to the DSWA and wish her all the best for the future.
the la�er part of the year and complement her in the wonderful job she is doing. Kate Dymock is in her 2[nd] year as our Training & Educa�on Coordinator and along with Helen Robinson, this new team are doing a brilliant job, the office is a hive of ac�vity, with a new lease of life.
We believe the DSWA has rode the wave of the recent pandemic, and we are now on the other side, and there is light at the end of the tunnel.
Governance
The Trustee Board has remained strong this year and we were pleased to welcome Tracey Blackwell and Brian Hartley back in to the Trustee Board for a further term of office. Mee�ngs of the Trustee Board have con�nued as a mixture of in-person and online links, which works well and means that the opportunity of becoming a Trustee opens up to those members not close enough to drive to mee�ngs at Crooklands. We hope this will encourage members to consider pu�ng themselves forward as Trustees in the future.
The Associa�on con�nues to receive, and act upon, regular free advice and guidance issued by the Charity Commission and strives to adopt best prac�ce wherever possible.
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Membership
Membership during 2022 remained almost the same with a slight increase in open and professional memberships, which is encouraging given the economic predic�ons. 2023 is showing a similar pa�en:
As with all membership organisa�ons, although we lose some members each year, it is encouraging to see the number of new members joining increase during 2022. Thank you to all members, whether or not affiliated to a Branch, who have encouraged someone to join us and take up this wonderful art.
Corporate members are important to the Associa�on and we have tried hard to offer opportuni�es for them to promote their businesses, and for Branches to establish links with corporate members in their area.
The Dry Stone Walling Associa�on is registered with the HMRC Gi� Aid Scheme and is able to claim 25p per £1 of membership and/or dona�ons 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 2023 the Associa�on received was approximately £9,000 which is from subscrip�ons of just over 600 members who are registered with the Gi� Aid scheme. Members are encouraged to join if possible if they are eligible to do so.
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Quarterly Zoom mee�ngs between Branches have con�nued as a way of networking, sharing ideas and best prac�ce, so that we an Associa�on, can con�nue to improve. Topics for discussion are submi�ed by Branches and the mee�ngs are hosted by one of the Trustees. Ideas and sugges�ons are then followed up and reviewed.
The DSWA website con�nues to be a valuable tool for members and others, seeking advice and guidance on all ma�ers dry stone walling related. There is a wealth of informa�on available for educa�onal purposes and the online shop offers books, tools and merchandise. The Associa�on also has Facebook, Twi�er 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 educa�on in the cra� and heritage of dry stone walling for the public benefit” .
Training & Educa�on
- This year has seen demand for the four day training courses at Crooklands rocket, with addi�onal courses having to be organised to accommodate the ever-growing wai�ng list of eager candidates. At Branch Level, demand was similar with two-day beginner courses and taster days being fully booked across many of the Branches.
high with an increasing number of candidates con�nuing from their Level 1 to undertake their Level 2. We welcomed two groups of wallers from Japan who undertook their Level 1 and Level 2 assessments with a 100% pass rate. Several candidates this year have been looking at progressing onto the higher Levels of 3 and Master Cra�sman and we look forward to seeing their progress. Assessments took place at a range of loca�ons including several overseas sites where candidates saw high levels of success.
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This year saw the conclusion of the very successful Rural Skills Hub project which was run in partnership with the Na�onal Hedgelaying Associa�on. The project, funded by the Green Recovery Fund ran for 21 months in total with the aim to promote the value of tradi�onal boundaries, ensuring that tradi�onal skills and knowledge were shared. The project delivered a range of ac�ons including:
-
Five training placements including three for dry stone walling who all achieved their Level 1 during their placements and have since con�nued to achieve their Level 2.
-
1 qualifica�ons.
-
12 community groups took part in 16 days of ac�vity with approximately 115 par�cipants.
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Other elements included school visits, crea�on of professional videos on both walling and hedge laying, online impact through social media and website.
Thank you to all involved with the Rural Skills Hub project including all the Branches who hosted community walling days.
This year’s External Quality Assurance visit from Lantra took place at Crooklands and was overwhelmingly posi�ve on all fronts, which is thanks to all involved with the visit itself and behind the scenes.
The Ernest Cook Trust appren�ceship scheme was launched this year with the first of three appren�ceships. David Da Costa was our first appren�ceship and throughout his years placement went from strength to strength, achieving both his Level 1 and 2 qualifica�ons. We look forward to seeing how David con�nues with his dry stone walling career now his placement has concluded. We will be looking for the next two appren�ces in April 2024 for their years placement to begin in October 2024. Keep an eye on the DSWA social media pages for when applica�ons go live.
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Publicity
This year the Branches been busy at various shows up and down the country, engaging with the wider public to increase awareness of the cra�. Some highlights of the year are below.
Cheshire Branch linked up with the Na�onal Trust at Lyme Park to organise 3 ‘Walling Walks’ for the public to learn about how dry stone walls are built and highligh�ng some features that have been built at the property.
Northumbria Branch completed the Queen’s Pla�num Jubilee Memorial Seat at the Blanchland Show, a�er finishing the bo�om half the previous year.
– Wales Branch have been helping with The Lost Peatlands Project a Heritage - Lo�ery funded landscape scale partnership project, aiming to restore the landscape of the Upper Afan Vally in Neath Port Talbot and the Upper Rhondda Fawr in Rhondda Cynon Taf. Branch members have been instruc�ng a group of volunteers to begin repairs to some of the walls which are integral to the landscape and if funding permits it, Wales Branch will con�nue to support it.
Derbyshire Branch had actor, television personality and motor racing driver Kelvin Fletcher visit them at the Bakewell Country Fes�val where they returned for a second year. They a�racted many visitors with their building of - a right angled wall.
Dorset Branch had the most enjoyable �me at the Oak Fair which was a new show for them. They had lots of children trying children’s wall and gaining a walling cer�ficate. There were lots of rural heritage cra�s and as dry stone walling was there for the first �me, they were interviewed by a local radio sta�on reporter.
They also completed the community wall at Portesham with members working alongside community volunteers, which being in the heart of the village means it will be seen by all villagers and those passing through.
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Merit for the Doocot on the Teasses Estate in Fife this year. Commissioned by Sir Fraser and Lady Morrison, and designed by James Parker of James Parker Sculpture, to celebrate their golden wedding anniversary. Working alongside James was Mar�n Tyler, Stevie Gordon and Findlay Reade of Drystone Walling Perthshire. Teasses Estate and Gardens is open to the public during the summer for all to see this amazing structure, which stands at over 4 metres high and required over forty tonnes of stone.
All in all, a broad range of publicity over the year; there are no doubt opportuni�es that have not been reported on or that the Associa�on is not aware of. We do rely on members sending in details of ac�vi�es or events so as to try and gain as wide a perspec�ve on the cra� as possible.
Finance
The Dry Stone Walling Associa�on con�nues to develop the delivery of training and educa�on in the cra� of dry stone walling by the provision of training and Lantra accredited qualifica�ons.
This year has seen a full programme of training courses delivered both at Na�onal and Branch level. Demand for training courses and Cra�sman Cer�fica�on Scheme qualifica�ons has been extremely high with increases in the number of people trained at the na�onal training centre and people taking the Cra�sman Cer�fica�on Scheme qualifica�ons. DSWA has con�nued its links with dry stone walling training delivery in Canada, USA and Australia. A con�ngent of Japanese Wallers travelled to the UK to take their Cra�sman Cer�fica�on Qualifica�ons at the DSWA Na�onal Training Site. Branch ac�vity has also seen an upsurge in the numbers of people a�ending beginner training courses. This has all led to an increase in revenue from course delivery and Test fees.
Following the success of the online booking portal for na�onal training courses,
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new system, together with other administra�on changes has led to a streamlining of administra�on processes.
A number of Branches had reported a shortage of Instructors for their beginner courses, so an Instructor Training Course was successfully delivered in early 2023, to provide further Instructor resources for DSWA Branches. Branch funds remain strong, with some Branches transferring
These funds have been allocated as per Branch requests with general transfers facilita�ng the recruitment of a full �me Training & Educa�on Coordinator in October 2022.
The Trustee Board holds quarterly mee�ngs throughout the year. Trustees strive to minimise expenditure by embracing technology and reducing travel costs.
Membership has plateaued with revenue from subscrip�ons genera�ng a good return in the amount claimed through Gi� Aid. Merchandise sales have increased from the previous the year.
DSWA con�nues to work with external organisa�ons to deliver projects that
October 2022 saw the successful conclusion of the Pendle Hill Landscape Partnership, which DSWA had been heavily involved with for the previous 4 years.
The Rural Skills Hub Project, funded by the Defra Green Recovery Challenge Fund also came to an end this year a�er proving a very successful ini�a�ve, between DSWA and the Na�onal Hedgelaying Society, offering a central point for advice, support, funded training and signpos�ng to informa�on sources on tradi�onal boundary skills.
an appren�ceship to a young person to work alongside a Master Cra�sman for 12 months. This has resulted in the young person achieving Cra�sman Cer�fica�on qualifica�ons at Levels 1 and 2. A further recruit is sought for a second appren�ceship to start in late 2023.
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The Associa�on receives numerous requests for advice and guidance on all aspects of the cra� of dry stone walling and will strive to maintain the quality of informa�on available on this tradi�onal cra�.
Risk Management
The Trustees have agreed again that, in the light of price increases over the last few years, a minor increase in the reserves 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 reserves will provide sufficient resources in the event of adverse condi�ons. The Trustees have also examined other opera�onal business risks faced by the charity and con�nue to establish systems to mi�gate significant risk.
Conclusion
On behalf of the Trustee Board I would like to thank everyone for their con�nued support for our cra� and hope to meet some of you during the year.
Paul Clayton DSWA Chairman
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Financial Report for Year Ended 31 August 2023
The charity's income increased from £241,042 in 2022 to £345,346 in 2023, most of the increase relates to restricted funds which were used in the current year. Expenditure increased from £226,607 in 2022 to £296,725 reflec�ng these restricted projects. Overall charity funds increased by £48,621 in the year of which £41,693 related to unrestricted funds increasing reserves to £561,211.
In accordance with Charity SORP guidelines, Branch ac�vi�es and monies held have been integrated into the full accounts. Branch bank accounts are held independently and are not readily available to the Na�onal Associa�on.
Reserves Policy
charity's policy for holding reserves. The inten�on in establishing this Reserves Policy is to ensure the con�nua�on of the charity's ac�vi�es. The policy will enable the charity to meet its legal objec�ves, provide confidence to donors seeking to give financial support to a prudently controlled charity and to ensure that the reserves are at a level sufficient to discharge all the charity's obliga�ons in the event that it should cease its opera�ons.
This is not considered to be likely in the foreseeable future, and therefore the reserves which the charity is required to maintain are those needed to fund ongoing monthly costs and future development. To this end, the Trustees have decided that the charity should seek to have reserves which are not invested in fixed assets of a sum equal to no more than 12 months general running costs and £80,000 has been designated for this purpose. A large propor�on of the charity's reserves are held as bank accounts.
Linda Clarkson Treasurer
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Dry Stone Walling Associa�on of Great Britain Statement of Financial Ac�vi�es for year ended 31 August 2023
Income and Endowments Dona�ons and legacies Charitable ac�vi�es Other trading ac�vi�es Investment income Other income Total Income Expenditure on: Charitable ac�vi�es Total Expenditure Net income/(expenditure) Gross transfer between funds Net movement in funds Total funds brought forward Total funds Reconcilia�on of funds |
Unrestricted funds £ Restricted funds £ Branch funds £ Total 2023 £ from: 72,459 25,000 7,716 105,175 70,068 53,424 99,657 223,149 10,880 - 2,642 13,522 - - 332 332 - - 3,168 3,168 |
Total 2022 £ 78,923 150,731 9,764 36 1,588 |
|---|---|---|
| 153,407 78,424 113,515 345,346 (143,844) (76,790) (76,091) (296,725) |
241,042 | |
| (226,607) | ||
| (143,844) (76,790) (76,091) (296,725) |
(226,607) | |
| 9,563 1,634 37,424 48,621 32,130 - (32,130) - |
14,435 - |
|
| 41,693 1,634 5,294 48,621 274,872 63,200 174,518 512,590 |
14,435 498,155 |
|
| 316,565 64,834 179,812 561,211 |
512,590 |
All of the Charity’s ac�vi�es derive from con�nuing opera�ons during the above period.
contact the DSWA Office if you would like a copy.
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Dry Stone Walling Associa�on of Great Britain Balance Sheet as at 31 August 2023
| 2023 £ 2022 £ |
|
|---|---|
| Fixed assets | |
| Tangible assets | 12,590 14,812 |
| Current assets | |
| Stocks | 13,473 16,045 |
| Debtors | 3,330 1,047 |
| Branch bank accounts ** | 180,555 174,075 |
| Cash at bank and in hand | 367,883 321,088 |
| 565,241 512,255 |
|
| Creditors: Amounts falling due within one year | (16,620) (14,477) |
| Net current assets | 548,621 497,778 |
| Net assets | 561,211 512,590 |
| Funds of the charity: | |
| Branch funds | 179,812 174,518 |
| Restricted funds | 64,834 63,200 |
| Unrestricted funds | 316,565 274,872 |
| Total funds | 561,211 512,590 |
** Money held in Branch bank accounts is held independently by the Branches and cannot be readily accessed by Head Office.
contact the DSWA Office if you would like a copy.
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Summary of Branch Annual Returns to DSWA For Year 2021-2022
made by Branches to DSWA. If the annual return has not been submi�ed, the financial figures have been extracted from the Branch accounts, which are submi�ed separately.
| BRANCH | M/ship 01/01/22 |
M/ship 31/12/22 |
New Recruits |
Opening bank bal £ 1/09/21 |
Closing bank bal £ 31/08/22 |
|---|---|---|---|---|---|
| Central Scotland | 52 | 58 | 6 | 7,860 | 10,157 |
| Cheshire | 35 | 53 | 18 | 10,943 | 9,552 |
| Cotswold | |||||
| Cumbria | 105 | 130 | 25 | 15,252 | 10.978 |
| Derbyshire | 104 | 146 | 42 | 23,425 | 24,408 |
| Dorset | 35 | 44 | 9 | 14,904 | 19,230 |
| Ellwood | 12 | 18 | 3 | 1, 133 | 1,133 |
| Isle of Skye | |||||
| Lancashire | 61 | 69 | 10 | 9,397 | 12,032 |
| Mid-Lancs | 3 | 6 | 0 | 8,552 | 8,587 |
| Northumbria | 27 | 32 | 6 | 4,682 | 5,697 |
| Otley & Yorkshire Dales | 134 | 141 | 13 | 12,660 | 20,014 |
| Pennine | 12 | 12 | 2 | 2,187 | 2,404 |
| South East Scotland | 34 | 38 | 4 | 2,001 | 3,021 |
| South West England | 80 | 99 | 19 | 13,106 | 15,368 |
| South West Scotland | |||||
| South Yorkshire | 30 | 32 | 2 | 3,433 | 3,202 |
| Wales (North & South) | 68 | 75 | 12 | 9,865 | 11,182 |
| West Yorkshire | 40 | 34 | 0 | 7,878 | 8,189 |
~~16~~
NB Events, etc shown below cover the period January to December 2022
| 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 | 16 | 5 | 41 | 0 | 2 |
| Cheshire | 8 | 3 | 46 | 0 | 1 |
| Cotswold | |||||
| Cumbria | 15 | 5 | 60 | 11 | 1 |
| Derbyshire | 18 | 8 | 130 | 0 | 6 |
| Dorset | 145 | 6 | 89 | 0 | 2 |
| Ellwood | 1 | 0 | 0 | 17 | 0 |
| Isle of Skye | |||||
| Lancashire | 15 | 7 | 83 | 0 | 3 |
| Mid-Lancs | 3 | 3 | 5 | 0 | 2 |
| Northumbria | 30 | 17 | 90 | 4 | 7 |
| Otley & Yorkshire Dales | 121 | 6 | 118 | 0 | 5 |
| Pennine | 19 | 1 | 5 | 0 | 0 |
| South East Scotland | 15 | 3 | 18 | 0 | 2 |
| South West England | 15 | 7 | 89 | 0 | 3 |
| South West Scotland | |||||
| South Yorkshire | 11 | 5 | 20 | 0 | 0 |
| Wales (North & South) | 7 | 10 | 76 | 0 | 0 |
| West Yorkshire | 2 | 4 | 45 | 0 | 2 |
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DSWA Branch Honorary Ofcers 2022—2023
| Branch | Chairman | Hon Secretary | Hon Treasurer |
|---|---|---|---|
| Central Scotland | Kate Armstrong | Bob Pawson | Sandie Murphy |
| Cheshire | John McClean | Jack Taylor | Jack Taylor |
| Cotswold | Chris Ingles | Bo Bark | Kelly Wools |
| Cumbria | Patrick Lacey | Joe Bowman | |
| Derbyshire | Carl Hardman | Jon Earnshaw | Alan Malia |
| Dorset | Carole Reeves | 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 | John Harper | Peter Walker | Pamela Smithies |
| South East Scotland |
Richard Love | Dave Taylor | Donald McInnes |
| South West England |
Barry Angell | Simon Watts | James Orme |
| South West Scotland |
Nic Coombey | Linda Wilson | Jak Kane |
| South Yorkshire | David Jenkins | Paul Clegg | Mick Booth |
| Wales | David Cope | Jamie Gwilliam | |
| West Yorkshire | Trevor Womack | Shared duties | Chris Hanwell |
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DSWA Membership Records - Overall View
| Calendar Year |
Total All Members |
New Member s include d in totals |
Total Open |
Total Prof |
Total Junior/ student |
Total Corporate |
Other | |
|---|---|---|---|---|---|---|---|---|
| 1968 | 55 | |||||||
| 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 | 1172 | 217 | 895 | 237 | 23 | 13 | 4 | |
| 2023** | 1059 | 795 | 217 | 29 | 14 | 4 | ||
| 19 **Current year fgures are toend of Augustonly. |
** end of August only .
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Dry Stone Walling Aswci¥tion of Great Britain Contents (eontfinued) Tnjstees, Repitt 2105 Sthttment of Tnwltts. R¢spotisibiliti ItyJq>¢ndeni Examwrfs Report Ststsrneni of FiDJrKial Activitiej 8t09 She¢t io No8 to the Finati¢i81 Stst¢ll*nts 11 w27
Dry Stone Walling Assoclatlon of Great BrftAln Referell¢e and Administratlve Detlls Trurt T B]ackArll p a20. Thair B Hartlry P Iglrw)d P Kirk) ALO CNob L Noble J Taylor MTyl 289678 Ch•rlty ReglrtrAtlon Number Prlnc5pal Offi¢e Cxookland8 Cumbrio LA7 7NH Ind£p¢ndtnt ExaDth¢r Sthbles Tknlly50n & Bri Chartered Accountsnts & Stamtory Auditots 34 Lowther Street K¢ndal LA9 4DX BAnke HSBC 331 tA>rd Str¢¢t Southpo PR8 INJ P4ge I
Dry Stone Walling Association of Great Britain Trustees, Report Tk Inlet5 wesent the aDnual ryort tQ8¢kn vrith thc fiDaT) stst¢nnts of the chty the year endal 31 Au&ust 2023. ObJe¢tlvH •lld ledvlll Objects Thc objects of the choTiry are edWat1 ID th¢ and heritage of dry #on¢ walliD8 for the public benefii. Th¢ Dry Stone Wauing Aw¢iition ¢owinue8 to d¢v¢lop th¢ d¢livery of train¥ and ¢dation ID thE craft of dry Jtone walling by the w•vi8iOt) of mining and accr¢dit¢d qy4lifiuti(bN. This year has geth i full pro8rattllnc of training ¢wrses d¢liv¢red both al National BraThch level. Demand for training COUTses and craft5n Certification ScbeTh qulllifi¢auons has beett extremely high with incms in th¢ numbw of people traed ¥t the naiional training ceTKre people takn.ng the Crnfisman Certificilion Scheme qlI&¢ItIOn DSWA has ¢ontsnwd 1¢$ links with dry 8ton¢ wallin8 trainiD8 delivery ID Canada. USA and Australia. A contm8ent of JopwKse 11¢[¥ travelled ty the UK to k¢ tb¢ir CTallsm•tt Certific10n Qu81ifi¢8tions at the DSWA N&tionAI TrnininB Site. Brgn¢h tivity h•s otso 8¢¢n on WY¥llTg¢ ID the nUTnbeT¥ of PpIe atterdJDg bewr trainiD8 coursei. Tbis b&$ Ill le41 Ire&s¢ in r¢v¢nue from ¢owse delivery 8nd Test fcc5. FolloNryn8 thc 5uccc&4 of thc online bookin8 POMI for tsftlionll traitiitig course4 An ooliDe boriking Jystem now cxists for bookin8 qUAlific8tion tests. This tO8ethrr with other lrtiWi&tratll ¢hwe8 led to a streamlining of adrniThiJtTation A number of Br8nch# re]x)rted a stry)naB¢ of In6trUC foT th¢iT b¢8inD¢T 80 an In5tTUCtor Tr8initi8 Coune su¢ces5fully dtlivered iti early 2023, to provide fiwther InsmKT rejou¢S for DSWA Branches. BrwKh funth rcmain stron8. with some brnKhe5 tsansferrin8 re8idual fiJtsd$ io central fin8nce& These fimd8 have be¢n a]lttated as per bT8nch requests with trnsfcrs (IlltiD8 the re¢ruit[l of a 1] TtaininB & Edu¢aiiot) Coordinaior in Ckiober 2022. The Trust¢e Bosrd holds quarterly mediny throu8lw the ye4T. TnMteeJ 1Ve to minimi8e expttAitute by ¢mbTJ¢ing ¢hnology ozbj Tethicin8 tr8v¢I c08ts. M¢mb¢r¥hip has pltaJ with r¢vettue from SUbriptionS Belalin8 a r¢turn in the amount clpimed DSWA ¢ontinu¢s to work with exlernAI org8n11]Qn9 to d¢liv¢r projttts that refieet the Associations etho8. Odober 2022 saw the succe&8ful conclwion of the Pendie LaDdw¢ Parth¢tthp, which DSWA b¢en heavily involved with for ihe previou$ 4 year& The RUNI Skills Hub Proj( fUJed by the tkfra Green Recovery CIlIen8¢ Fund atso ume to an end thi$ ye4r after proving 8 v¢ry successful initiativ4 betwTen DSWA the NlnI1 Hed8¢layitig Sociery, offering a ¢entr81 poit)t for advi. suppon. ffijnded tralD8 aj shgnpostin8 to infornwion sowcts on traditional bowmlary Thonkj to o Br1 from The ETne# Cook TrusL DSWA has b¢en able to off¢r an apprentsceshw to a YO person to work alottgside a Master CrnftsttD for 12 Thi$ has resulted in the Ung person achievu cTaA1sm Ccrtification 4ualificatio1 at Ltveb 14ttd 2 . A reauit is swbt for 8 secord appr¢ntittsbip to stArt in late 2023. Th¢ Association Tettive* munms r¢fft for a0 8wdance on all &8peets of the craft of dry stone walling will strive nlain the quality of iDforn)ation av8ilabl¢ on this tradition uaft. Page 2
Dry Sto•e Walling Asso¢iatlon of Great Brltsln TruJtees' Report (continued) The Tnjstees ¢onfirni thry have complied with the requireDwts of section l? of the Cjllrities Act 2011 to have thje Tewd to the public belfir guid8w¢ publisW by the (lIty Conunission for England and W&les. Fln*ndal revlew The ¢harity$ income increased from £241.042 in 2022 kn £345.346 in 2023. most of thc incn¥8c rclates to rcstriclcd fu which Wre u¥ed in the current year. Expendkbjre increas from £226.60? in 2022 to £296.725 reflecting these restricted projects. Overall ¢haTiLy fuNls Iffju¢a8 by £48.62] in th¢ ye4T of which fAI,693 related to urtrestricted fvnds increa5iDg T¢serv¢s ¢0 £561211. Pollq ruerKT Under ihe requtrcme of eharity law. the are obliged to d¢fm¢ the clwiWs policy for Ilding r¢ierves. The int¢ntion in establishing this Res¢rv¢g Poli¢y 1$ lo ¢Dswe th¢ wntinu4tion of lh¢ charity$
tiiVilie8. The policy will enabl¢ thc ¢h8riry to its leg81 objeaivu, prov¢ confidence io dor[5 x¢king to
give financial 5UPWTrrt a pnNienTly controlled chariry to etswre that the reserves art at & level sufficieni to dixharge all the chariiys obli9 irt th¢ ev¢ it slwyld ¢¢ue its opttaiiong. This 18 cottsidered io be likely in the foreseeable future, and therefore the rtserw whith the thhriry is required io maintsin are those reded to oo8oing llthlY wsts and fjJhw¢ dev¢lopm¢nt. To this ¢Dd. th¢ Trustees have dtted thRt th¢ dwity should seek to have r¢serv¢s which gte noi invesi¢d in fixed 985¢ts of 8 Jum equal to no mote 12 mooth8 18 CO8rs and £80,(rfX) hAs been degignated for thi8 pwp)ge. A large proportion of thc charl8 res¢rv¢s ar¢ h¢ld 4$ b•nk K¢ounts. The finwKial 8tst¢ments detsil the movetMDt iti rescrvu duriD¥ thc yur. Tyuiteu offlter¥ The uwees attd offi¢tt$ 8¢Tvin8 thJrin8 the year iiDCe the yw wrr¢ follo.. Trn8tee'. T Blackw¢ll P CknY. Chair B H4rtl¢y P Kirkw) CNob LNob J Taylor M Tyl¢r(gplnIcO I l m4h 2023} Strll¢thre. %overMtste and mtsgemeD¢ The unincorporatrd elwi.ty As Cotisti uttder a trtLSt deed dt¢d 1968 subsequent revlsiotw th¢ most recent being dated 4 June 2016 and ratified at the Anm41 Germl Meerin8 on 4 MaT¢h 2017. Th¢ registed ¢Frity rKmther is 289678. PaRe 3
Dry Stone Wllllng Association of Great Brltain Trustees, Rtport (tontlnued) Recrnlrffte ppoiMlmentofrfFM#eo The Associ•tion h&$ 8 Board of Ttmstees, eoL8isling of to12 elxted memkn, who TrKld office for g pcriod of three years. Reiiring Trustee5 are ellble for tt4l¢rfion for further iem)s of offi¢¢. Th¢ chair 1$ ¢leeted by Truse5 following tbe Gcncral Mctkng. NOMI1108 for the election of Tnwlee6 are iDVited 8nnudlly frorn the mcmbcrthip. Thc Trustces providc y1t Confirll th1 they the thjiies r¢sponsibi]iti¢$ of th¢iT Jstceship. They conccTh them]YeS Thith evcry 4yeet of the nwM8cmcni ofthe Ciwity attd are fully aware of their on¢rou8 reBponMbiliti¢& Th¢ TTUSt¢¢5 TW¢iV¢ ad r¢gu]or fr¢¢ •dvi¢e isswd by the awity C110]L Arr•nx¢•¢Mtsf¢ry¢l¢l•{ ¢y Key mana8trnent ¢omprises A]ison Shaw as fulj time offic¢ idmitiisty8tor. The Tn¥te¢s set T¢mutrwation for $1] sthff ¥1 th¢ kptth Tnth Bo•rd m¢¢¢ing ¢Kh yw. to tsk¢ ¢ff¢¢t from th¢ Octob¢r Orth year. R•lathMhlpB wlth related PthI Branch all1#150 The Dry s¢ Walling Asw¢iition Currethty hu fifteen brakn in Englwbj 1 Wul¢J Jnd four br•e8 in Scoiland. Major rfyky Rtsk maA¢7geMe The Tnutees have revied the mijor risks wbich th¢ clwity fxes and believe that Tnainlaining rcscrves at cuncnt Icv¢]5. ¢ornbincd with an annual revicw oc the ¢orttro18 over key fjnmcial S¢M$, will provid¢ 5ufficicnt reaourccs in the cvent of adverse coThlilioM. The Trus hve also examined other operational and bu8ine& risks f•¢ed by th ¢lwity aDd to etsblish to mitipte li8mfi¢I risk. Flnnrll Th¢ Ch8Tity'5 xtivities exp08e it to o number of fmanci¥l Ti5ks in¢l1n6 ¢redit risK eagh flow li attd hquidity risk. The charity does use derivati Cr¢dts The Charity's princJp•l fmwi•l a$3¢lJ bJDk bth]atte5 ITMI c&sh, tr¥Je atsj other rec¢ivthl¢s, and on oa$Jon FKJrt t¢m ini'estmen The Chanry has sRgttificattt concnti1ott of crtdti ri8L with ¢wspJr¢ gwead over a laTge numbEr of evunteIpartics 4Dd cwtonxrs. Llqmidity rw5A In order to n)AiDtsin liquidity lo ertye that sufficient funds Ar¢ av8il&bl¢ for on80ing opaalions and future developtxmts, the Cbxtity mintsiDS a Onble levtl of funds in insiant ¢S bank accounts. Further detai]s regardiDB liquidity Tisk ¢an be found ID the Sta*[nt¥ of aLUUtrtin8 po]icie5 iti the fillattcia]
Dry Stothe Walllng AJ8od•tion of Great Britsln Trllxtttx, Report (tontinlled) The annual report wa8 aFyroved by the trustees of the cbarity OD 16 Dcccmkn 2023 Swied OD its b¢hf by: P claOll Pag¢ 5
Dry StODe Walllng knoclgtioD of Great Britaln statennt of Trn$tees' RespoDslbllldeg Utiited Kingdom A¢¢ountiti8 Stsndards (Unityj KmBdoJn GeJKTrlly Accepd Accountin8 Practice) and appliuble law aThl rtgu]ations. The law applicable to ¢lwities requires th¢ trwttts to prepgre fiDaDcial sthternent8 for ets fittattil star which 8ive a ttue and fair view of the stst¢ of affws of the charity and of thc incoming rc50urces and application of rc50urces of the charity for thai period. In prcpariD8 thcse fmaTi4I st8tenxJw, the trusw aT¢ rwjired to: selKI suitable a)Unting poIici¢s ¥Dd apply th¢m consi, obsetve the method5 8ryJ PripIeS in the cIltieS SORP. stale Wh¢th ipplicable acco¥ing sthrthrth have been folkl wbjed to kny depaTbAreJ dis¢los&J md explaitied iti the rlle1 st•lett' prepare th¢ fUr1&1 $tsi¢m¢nts the going con¢ern kni8 unl4W li is impproprithe to presu thit the ¢harity will Continue in buJine$5. The trustccs uc rcspon5ible for keeping PTopcr accounliD8 rtcords dAs¢lose with Teax+nhbl¢ a¢T9¢Y hl any time the financial po$ition of the charÉty and enable them to thsure that the stsiewKnts ¢omply with the a)8Till A¢t 2011, the thriii¢s {A¢cowits Lnd t[lI) Re8ulation$ 2W8. and the provisions of the ¢onsiitution. Th¢ arc al80 rcsponsiblc fiff 8•f¢gu8rthn8 the Asyets of the ¢lwity aThl he for thking re8sonabl¢ steps for the pTev¢niion d¢tiOn of fraud oth¢T iZT¢gularitiN. Thc truyte¢S Are rcjponsible for the TnainteTWLCC thj of the C1¢ and financi Infornthon irtcllld on the eharitable tornpAtys websits. t*wslition soverti Ihe prcpuaiion And di88¢minolion of fu¢181 sta¢¢raents n]8y ditT¢r from kgislauon ill ollw Juri1¢110ti Approvd by th¢ tnmtees of the ¢hArity on 16 Deceth 2023 ii8D&I on its be[b. Pcla Tfte• Page 6
Dry Stone Walllng Assothilon of Great Britain Independent Examlner's Report to the trastees of Dry Stone Wglling Asso¢latlon of Great Britain I reporth) the tni%te¢s OD ¢X4mltiOll of of Dry se Wallin8 kn(KiatioD of Gffat Briloin for tbe year end¢d 31 August 2023. Rtspomlbllltffits b41ii of report As the charity tn¢¢¢8 of Dry Stonc Wallin8 AsKKiation of Great Britain yc1 Are respThIe for the preparation of th¢ •¢¢ow)t8 in a¢¢ord&n¢e vrith thc requirements of the CharÉii¢s A¢1 2011 ('thc Ac¢'). I r¢FX)rt iti respect of my exanjinalion of thc ihy Sione Walling A$80¢iation of Great Britsin's a¢nIS ¢aTri¢d Under section 145 of thc 2011 Act and in ¢arryin8 Out my examination I have followed all appli¢4bl¢ DirethioD# 8iven by th¢ C1wty Convni8uon under section 145(5Xbl of the A¢L IDdeptndeDt e%er.1 thlemet SiD¢¢ Dry Stone Walling A55LKiation ofGr¢¥r BritsiD'S 8fOSS income exceeded £250.0 your exatnitier must b¢ m¢mb¢r of * body IL$t in section 145 of th¢ 2011 Act. l ¢oDfirDJ l am qualified to undertake the ¢xAmitiation (ll¥¢ l aTn • of ICAEW, which is one of th¢ lisr¢d bcrfjies. I have completed my examination. l thai matrrial TTMtt¢rs have come to my attention in connectio with t ¢x4minAtion 8iViD8 me believe in tDawial w.. l. ccoiintin# record8 w¢r¢ kept in respect of Dry Stotse Wallw Aswciatirn of Gre4¢ Britsin 4$ T¢quir¢d by ¥ection 130 of the Aci; or 2. the ac¢oMttts do not accord with thoje re<oTds: or 3. Ik actowits do ¢omply with the accouniiti8 r4Ulmtr Corteerning the forni and wntent of CoUnts 8t1 out in the Ch•ri¢ies (Accouttts thd Repotts) Re8u]atioDs 2CQ8 other than requiren)ml Ihat the ¢ounts give a 'true And hir Vie whi¢h is llol a mther considered u PArt of an independent exgmin4ti0tt. I bav¢ no conc¢ms afyl ¥¢ come no other in eonrtdioo with th¢ exami110 w which attention sknuld be drawD in this report iti order to ¢nabk a proper ujersdw8 of the accounts to be rChed. Helen Holn ICAEW Stsbles Thomp50n & Bri8coe Charkred Aceountsnts & Staiutory AdItorI 34 LiJwth¢r Str¢EI IA9 4DX 2J14 Page 7
Dry Stone Walling Auoclation ofGreat Britain Statement of Flnan¢lal A¢lltIeS for the Year Ended 31 August 2023 BraDth fund$ Trltsi 2023 Income Endovments fro. Donaiiom atKI1¢8a¢ies Charitsbl¢ a¢iivities Other tr&ditig Aclivities Inv¢5tment income Other incot 71459 70.068 10.880 25.OLX) 53.424 7.716 99,657 2.642 332 105,175 223.149 13,522 332 Totsl kncon 113515 Exptndlture OD: Charitsble activiti¢8 6.790 76,091 296 725 Total Exdit¢ 296 725 Net income CJTQSS trwf¢r8 b¢twe¢n fimd8 9J63 1.634 37.424 48,621 18 Net movemetti in fvnds 41.693 1.634 5,294 48.621 RtconcUIAtIoD of fund% Total fuDds brought foTwaTd Totsl ffiJnd5 camed fornrd 63 274 872 00 316565 174518 18 561 179812 11 Branch fid8 arc sCpared in the a¢cthLnts &4 tly are not readily arLthsible by the ¢entral offiee, bein8 under the control of the relevant brkn convni¢*e. The wt¢s onp8ges I I to 27 forni In tnteyd part of these ful111 stern. Page 8
Dry Stone Walllng Assoclatlon of Gret Brltsin Statement ofFinancial Aclivities for the Yur Ended 31 August 2023 (continued) Brn¢k fmllds Tot1 2022 funds CTrmpArntIY Inton And Eodowments fro Donatiow and lewies Charitabl¢ xuvitie$ Oth¢r trwding aciiviiiei Investment iocomE her incon Nott 74.098 58.618 8.166 563 7.792 4262 84J21 1,598 36 1,588 78.923 150.731 9.764 36 Totsl Exptndltsre on: Charitsble activi¢ie8 123.81 55.523 226 607 Tothi Expenditu 123.81 47.266 55,523 226.607 Net income](expcnditure) 17.064 {38,911) 2) 36282 14,435 Nei Move[[ in fiu)ds 34.904 (39.1111 18,642 14.435 R¢wD¢lll•tknTh of fvlld# Total fimds brought fOrwd Totsl fund$ ethir•J forward 239.968 102,311 155,¥76 498.155 63.200 174.$18 The fimd* breTrkdo for lh¢ Current yar th12022 is thown in not¢ 18. The on pages 11 kn 27 fonn an p1 of thrsc financial statements. Page 9
Dry Stone wIllE Assocladon of Great Brltaln (Regtstratlon number: 289678) Balanee Shttt 1$ #t 31 Allgu5t 2023 20LI 2022 Flx¢d 41ts Tangible assets 13 12,SYY) 14,812 Curre]rt wets Stocks tkbio Branch barjk accour Cash 8t bank aDd ?n hjnd 14 15 16 13.473 3,330 180.555 367 883 16.045 1.047 174.075 321.088 512255 565.241 Credlttyn: Amownts faltsn8 d•¢ wlthkn Me ye 17 16.620 l4.477) 548,621 497 778 Net a••ets 19 561.211 512.590 Fwttd• orth¢ ¢h•TIty: Br&¢b 179,812 174.518 knirl¢¢ed 64.834 63.200 UDres¢rkted 316.565 274.872 18 561211 512590 The finarteial sthtements on p8g¢s 8 to 27 wrre approved by the Intsites, and thori*d for issue on 16 December 2023 and si8lled ¢)n th¢iT ithlf by: on Trnstee Tr not&8 on pages I I to 27 fonn 8n integral parl of these statements. Page 10
Dry Stone Walling Asjocfiatlon of Grut Brftsln Notes to the Financi Statements for the Year Ended 31 August 2023 l Ae¢ouutln¥ pomd Th¢ fmgncial statements have b¢en pr¢paTed ID accorda¢ with Accountin8 and Rew>rting by Cbaritics.. Statement of RecOM¢d Pr8aiC¢ applible io charli1 prepAmg their aceounts in a¢wrdan¢¢ with the F&nat)CiAI Reporfin8 S¢atMlard app]icable in the UK and Republic of treiyJ (FRS 102) {¢ff¢¢iiv¢ I Ignuary 2019}- (Cljarities SORP IFRS 102)), th¢ Finallu RepoTtith8 Stsfjdard applicable in tbc UK aryl Republic of IYelAtsI (FRS 102) and the Ch8riii¢s A¢1 2011. B•Jkn of prTrrtlo Dry Sionc Wallin8 A850ciation of Gv¢ai Britain 1$ th wi1th[pOted charity re811T in En81ond and Wale6. Thc address of the registered offi¢e 1$ given on the chan.ty infomwtion pa¥c of these financial stytements. The e of th¢ cbarity's operations atsl prittipai activities tre to adVae ccation in ttrLe craft 8t I11&$e of dry 8ton¢ wAlling. Dry Slle WAiling Atsociation of (ir¢g1 Bn"tsin the defim'tion of a public betteflt eDtity undei FRS 102. A8get8 and liabiliti¢$ ar¢ initi8lly recolS¢d ai hi#orical &1 or trww¢tion VAlue unl& othm¥is¢ ¥t4ted in th¢ relevani ac¢ountin¥ trtTrlicy not¢& The a01 are pre8ented in Merlin8 whieb li the fu101 turr¢n¢y of the ¢hArity 4nd rouTMkd to thc newrest ColD8 ¢t)n¢eni The tru&t¢¢s that there JK) mitcriDI UDrcrtaintiu AbLXrt the ¢hwiW• ability to contit)u¢ Is a pin¥ ¢on¢em. Ineomt attd tndowJneDII vonIry in¢ome itKbJdin8 donatiork8. gifts, l¢wiu arml provide core fundin8 or ar¢ of g 8en¢ro1 nature 15 reco8Oi5ed whcn the ch&Tiry h88 entitlemeM to the iDcon, 11 is probable that the ittcome will be Teccivcd and the aTrwnl ¢aD be melred with reliability. Donatio and 1¢8aciu are rwtiised on 4 rexeivable bsii wlD re¢eipt is ptobable and the amount can be Teli8bly m¢agJred. receiFYble Grants are reco8niscd wTrn the ¢hartty a)lement to the fonds ond any conditions linkcd to the grants hui'e been rnet. Where perfornwL¢e conditioDs are attacw to the gTrnt are yet to be met, the income 15 ro8wsed as & liabi]ity i11ed Im the baJwK¢ the¢t w deferr InWn to be relea¥¢d. Glfv IM knRd Gitts in kind donated for Te58le are inchthl ai fair VAlue, being the ¢Xptl prLd3 from sa]e less the extttted costs of sak. Where es¢imatsD8 thc fair value is practic4ble w recwpt it is recognised iti stsKk attd 'Income frDm other ¢rading activities,. Upon sale, the Yve of the stock Js charged a8ainst 'lDcortt from other trading activiti¢s' aod tbe pmceeds are rcco8nd as 'trKomE other tradwB activities,. Where li is iowa¢ticable to fair value the items to the volunx of low value ltert IIKY not C0815td in the fimncial stat¢m¢Dts UDtil thy are sold. This IOrne 15 feco8Discd within 'llorne from otkntrading a¢¢ivilies'. P4¢11
Dry Stone Walllng Association of Great Britain Notss to the Financial Statsments for the Year Ended 31 Au¥ust 2023 {eODtinued) Donthdstrvlces andf11th¢S Doted fa¢ilitits aDd donated wor¢10n81 xTric¢$ are MgttTsed iti Iorne at their fail value when tbeir cconomic bcncfit 15 rffobable. it can be Trured rehably and the charity control over the itcrn. F&Tr value is dctcrnli on thc basis of th¢ va¢ of the io the chBrity. For exatDple the amount the cbarity would be willing to pay in the opeTh matht for sueh fLei]iti¢s and Smi8. A ¢o•in8 yllHJunt is r¢wgni5¢d in Expendlture All ¢xpoThliturc is orKe there ig th legal or eotX8tnth obli8ation to thit exdIture, il i¥ PTobabl¢ ettlern¢nt is required atNJ the an¥)unt can be naTed r¢lipbly. All •llw41¢d to th¢ wli¢able ¢xpendiwre headillg ag8rega $Tmilar cojts to cate80ry. Where co8ts unnot be dir¢aly altriTruted to patti¢ular headmgs they have been alloca¢cd OD a bgsis consisteDI with the we of resources, with c¢ntro1 staty cosls a]lo¢aied on the buis of time sm alld depreciatlOD charg¢s •lloca4 on the pornon of the as8ei's uae. Other support Costs are Allocated bawj on th¢ Spre of 5th1Ycosts. ChAn'iable expelldiDJre Compri thoet eosts I1] by th¢ clwity in the ddivery of its activitie$ fi1 gerviees for its beneficiaries. It inclth iw)th Co¥ that C4D Ix allo1¢ dItty to aciiviiie8 and those costs of GroAtprovhlonJ Provisiom for grants are m&de when the Intention IQ Tn•k¢ • been ¢OTllmted to the recipiem bui there is uncertainty &bout either the timin8 of the 8ran¢ or th¢ alr7t of gr1 payable. GoverDinet eojts These include the eosts attribthble to th¢ ¢lwity'$ Con11 with ststulory Ttquiremcnts. inchMIiD8 audrt, 8tr•t¢8ic maDa8¢m¢m ard mwtees Dxetinp aNI reimbwsed expentel. TAxAtIts Thc cbarity li considcTed to pau th¢ t¢819 (t ID ParA8raph I Schedule 6 of the FIne Act 2010 and therefor¢ it meet5 the d¢finition of a cknritsble ¢onwy for UK corporation tax purposej. Accordingly, the Clwity is potentially exeny from t0 tn rew of incorn¢ or capital Bains rtt¢ived within ¢&t¢gories covcrcd by Ch4Jt¢r 3 Part I l of the Corporauon Tax Aci 2010 or Se¢iion 256 of the Ttion of Chargble G&inB A¢t 1992. to the such or71 ue •pplicd cxclusivcly to clwi'tablc purp(Ki. T1bIe flxed %xets Irnliyidj fixed assets ¢ollin8 £250.(KI OT llM)re ar¢ initially rworded 81 cost. DtPTeCLaiion ig provided on tangibl¢ fixed assets so u io write off the c05t or Yu10 Icss any cslimated T¢5idual valu¢, ovff their expeded u9eful ecottomic life a8 follows: Amet tl Fixtrjres, fittings attd equipnttt Depredatlon mthod And r• 15%rnlu¢itig bala¢ Rerth #Dd development Pa8e 12
Dry Stone Walllng Asso¢lathbn of Great Brltaln Notes to the Financial Stgtrments for the Year Ended 31 August 2023 (tontinued) CurreDt amet thve•tuxnts Cwreni asset inVe51ments ar¢ at the lower orc0 tt re41igabk v#ho I markn va]ue. Slotk Swcks axe gtsted at the lower of cost aJJd sellitig price less costs to eon4Jl¢t¢ and 8¢11. Cost includ¢$ oll osts of purchase, cort8 of ¢ottvenion and other ¢osu incu¢d ID irinw stock to its prexnt locAtiott and eonditiorL Cost 1$ ¢ai¢ulxted using the f-1. fiT5t-OUt foTrnul& ProviSlOD is mad¢ for dInge, obsolete I1 $Iow-llKJving stock th aPFcyriate. TrAdt d¢btors tkbtLTrrs a1 creditor8 with no Jtsd Ij re&ivable or paydble withtn ¢m¢ yeaT are re¢orded at C•sh and cwh cquiv8lents ¢oftwrise etsb on hattd attd r411 0sits, ond other short-ierm highly liquid invcBlments that ar¢ T¢ath"ly ¢otsvtrtibie to • kDQWll OrU1 of usb are subje¢t an insi8nifi¢&tt risk of change in valu¢. Tr•de ¢r¢dhori Tradc crcditors we s)bli8auorts to pay for or sthvicu that h•ve been acqui1 in ordinary course of business from yuppliers. Accounts payable art classified as curreni liabilities if charity thxs not have art yneonditional righi at the eTKI of T¢POrtiDg lo d¢f¢r xttl¢m¢nt of the crediior for at leut ttvelvc rnonths after the rtportinK daic. If th¢r¢ 18 •n uncondition81 righ¢ to defrr s¢ttle4nent for Ai lea hvelve months after the reportin8 dale, thcy aTe prHent¢d as liabiliii Tmde ereditors are recognixd iDitt41ty li the trn8tion price aThl Ab#eqnI]Y ll)easu •t anx)rtised ¢0 the efftive inrest tshOd. Fund strurturn Unr¢8tri¢t¢d incon fimds aTe I¢Tal fidI th91 w¢ •vail)bk for uoe 0¢ the tnmtts diserdm in filltherAW¢ or objectives of the ChLty. Rtstri¢ted income fund8 are thote doDat¢d for in a •rM or for opxific purpose4 the u8c of which is TC5tiicted io that rea or pry%. BraThch are septhied m thc aLxfAmts they t not Teadily ac¢ewble by the ¢etstral office are controlled by the branch committees. Flnap¢lal a•8sUIco1ion FinaLEial 8&4cts and financial liabi]iii¢s are re¢ognised the cbarity becomEs 4 pw to thc ltractual provisio1 of the ins¢TU1. Fin22[ liabiliiie5 atsl ¢quity 1Th¥tr are cknifwd a¢¢ording to the kne of the contractual arrangerncnts enlcred into. An eqyity itiStrume is evide¢8 a resithul int¢reth in th¢ as5¢ts of tho eharity afterdedu¢litJg ofits liabilities. Page 13
Dry Stone Walling Assoclatlon of Great Brltaln Notes to the Finanelal Statrnnts for the Year Ended 31 Augugt 20Z3 (continued) R¢¢ozwttloN All financial wets and liabilitie$ are initi81ty Me49r tr&wctiOD price (iDcluding trnsa¢tii>D c05ts). ex¢¢pt for those fiDaocial 3$8ets ¢l¥ssified 0$ ai faiT value through profit or lo wbicb are initially njeasured at fair v8lu¢ (wbich 1$ nornully the traarti0n PTICC cxcludin8 transaction costs). unlw the arrangennt ¢owtitute$ a finan¢iti8 transaction. If an rangel eorLgtimtes A finan¢tng tr8ns• the financia1 855¢t OT financial liability Is measured at the prelent vaMe of th¢ fvtur¢ Ytt discoled a nmrkel rnie of interest for $imiiar de instnnL Financial a&fjets and liabtliti¢s ar¢ only offset in the Ststemcnt ol financial position wher4 and only when th¢ ¢xists ) legalty eDfoeab1t rigbi io set olt the rOniscd anw)uDts and th¢ charity iDrcnth either to Settle ot) a ry¢t basis, OT lo reall the asyrf and gettk the liibihty simultancously. Filwl&l &WL8 are dereco8tiised 4tkl onty wh¢n a) the ¢(a¢1 rigbts the cash Aow8 from the finottcihj ttssd expire or are settled, b) tb¢ tr•nsfm to ther Parry subsw)uAlly ill of the ri8kg and r¢wHrds of owTrcrshw of th¢ fin4ncio1 aw¢, or c) the ch•rity. despÈte bAVmg r¢tsiJd some. but not alL significant ri8kfj and reward• of ownerolllp, tr&ns(ened wltrol orth¢ ¥wl ty 4rth pjtty. Fin4rKial liabiliiie8 are dcrecol5ed (dy whrD the obli8atioD wified rn tly ¢ontr&d is diKharge4 un¢ell¢d orexpires. 2 In¢om• froTh d(tyna¢loN and kp¢ fundj Getterl Rethkted Brneh fumds Tot 21123 Dtsmtiorn #nd leg¥ies: DoDatson¥ Gift Aid re¢laimed Gr&rtls. illc]udin8 capital . (irants frorn other ¢hariti¢s Grants r¢¢eiTKd by bran¢h¢8 Subscripiions 1.987 8.934 4.022 8,934 25.(KKJ 25,000 3,694 61 J38 3,694 72,459 25,C 7,716 105 175 funds Cener*l Rethted fuAd8 Brn#eh luods Total 2022 DonaiioN and legaci¢&.' Donation5 Gift a2d recl&itrMi Granty ineluding capital 8raDts: Orants from other cljartties Granis received by bt BTancb Subscriptions Sub5¢riptions 1,758 9.083 500 3,065 SJ23 9.083 63 63 1242 (45) 63257 ,242 145) 63257 74.098 563 4262 78.923 P¥g¢ 14
Dry Stone Walling A¥s0¢ixtion of Great Britain Notes to the Financial Statenwits for the Year Ended 31 August 2023 {¢ontlnu¢d) 3 IneDTht from ehrtt•ble ¢tfvltiei •d5 G•o¢rJ Re¢d fid£ Brth hdi 2023 Ccrtificathon fe¢s Training 34.844 31824 87.032 119,856 6CN) 3.974 12.025 Pendle Hill BraKb projeets and ev¢nt3 4(Kl 3,574 12.025 223 149 Unrtstrkted fuDdi Gewr Rellrltted Brttth futtds Total 21122 CertifiCln fKs Training Demon5tr2tioDS 32.497 2&121 32,497 106,819 4C#) 7,792 3223 23 150,731 80,698 4C Pendie Hill Branch proj¢cts atsl even 7.792 4 lttrome from other Iradlmg Iedvh UDmtrf¢ted fundi Geerl BrADeh fundi Totl 2023 Trading iticotr¢' Sales of goods and other servic¢ 111389 491 2.642 13,031 491 10.880 2,642 13,522 upr¢1¥0 f•wd¥ GeDerl Brn¢h fund• Tot1 2022 Tradin8 incorne; Sales of gcA)d8 atml other serYi¢es L•ttcric5 and compctitions in¢w 7.178 988 .598 8.776 988 8,166 1.598 9,764 Page 15
Dry Stone Walling AssociatiOD of Great Britain otes to the nancial Statements for the Year Ended 31 August 2023 (eontlnued) 5 Inve4¢Nxnt Ineon BraDtb fuDdi Tot1 2023 Interest receivable similar tn¢ome' Interest re¢eiv8ble ot) dep)s 332 332 332 332 Br&Dch fuds Total 2022 lrtt¢r¢8t receivable and 8imilAr iwolrt" eT¢y¢ re1VIble on bank deposits 36 36 36 36 6 Other In¢ome Br*oeb fundi Total 2023 Oth¢r branch 3.168 Brgneh fllDds Total 2022 Other branch in¢oTr 1,588 1,588 Pa8e 16
Dry Stone Walllng Asgocfiatlon of Grejit Brltaln Notes to the Fknaneial Statements for the Year Ended 31 August 2023 (contlDued) 7 Expendknte ott ¢hrltble •ttlvlt fuMd• CeDer•l Rertri¢led Br4h fund¥ T•ta] 2023 293 19.674 15.966 10.822 7266 7,559 19,674 56,295 10,822 C¢rtifi¢gtion h¢m¢ TTainin8 LelletS, journals and thertiii PCha of goods for (adi for 0¢kI Rc5trickd projects (v fiujds wte) BT1h ¢quipm¢rt odvenisin8 events BTan¢h donatio Other bratt¢h ¢osts 40.329 8,888 1.805 10,693 57,231 57.231 15.667 2.156 8,633 15,667 2,156 ,633 13,354 60,994 1,914 9.694 5.373 2.324 8,84l 3.180 13,334 41,435 1,914 9.694 5J73 2.324 8.841 2.945 Wa8ts I1 salarics Freelance TEC aDd DlopTrt Re rate5 Offlce rnainten8¢ repoirs 19.559 Staiion¢ry, tslephoDe and postage Bank th8c5 General travel exp¢tL8 Deprl*tion 235 2222 2.222 296.723 Pw17
Dry Stone W2lllng AMo¢llion of Great Britain Notog to the FIn4ne1 Ststenknts for tbe Year Ended 31 August 2023 (continued) fuD Reltrieted Bmth d# T•tal 21J12 36 21,Y)I 15,597 7J65 3.434 3.470 21,901 47.832 7.928 Certification Trainin8 L%afl¢t& journal$ WM1 dverlisin8 Pur¢hAW of goods for remle (adj for #ock) Resiri¢tcd PTojects{xee funth Th>te) Branch tquiprtxoL V¢ni$l08 aThl ¢v¢nts Branch donatio Otber brwKh ¢09 31235 563 7.183 977 8.160 46,703 46.703 10.066 878 7.796 10.066 878 7,796 11.463 27.593 6.815 8.943 2.412 2.274 6.813 2.730 221 2,609 11.463 27.593 6.815 8,943 2.412 2274 6.813 2.593 Wages thd lrieS FTcelance TEC and D¢v¢lopnxnt R¢Dt and rates Office miiDnance aThJ repairs Insur4n¢e Ststioncry. telepkne ard Bk char8 Gener•1 travel exper Ikpr¢¢iaiion 137 226 607 P8ge 18
Dry Stone Wglllllg AS¢1#110 ofGreat Britain 'otes to the Financial Ststsments for the Yur Ended 31 August 2023 (continued) ndtrtke Attlvhy •uppgrt ¢05ts 2023 7.559 19.674 56.295 10.822 10.693 57231 15.667 2.156 8.633 7,559 19,674 56,295 10.822 10,693 57231 15,667 2,156 8,633 13.354 60,994 1.914 9,694 5.373 2.324 8,841 3.180 C¢'fiCa110n scIKme Training Lfi¢ts, journal8 adv¢nisttJs Pwchaw of goods for resA]e R¢stri¢¢cd prDjects (5cc Tmrte) BrIh t41pMe advertisin8 ard ¢VeD Brancb donatio Gov¢rnan¢¢ ¢08ts Wages s818rie4 Freelaoc¢ TEC wnd D¢v¢lopll%nt Rent aTKI Tates OffJc¢ Djainiellgnce repaits Insumc¢ St&uon¢ry, telephone post•M¢ BDk chBrBcz Oerterkl travel ¢xp¢nJ¢s D¢prlItIon 13.354 41.435 19.559 1.914 9,694 5,373 2,324 8,841 3,180 210 Page 19
Dry Stone Walllng Association of Great Brit41 Notes to tbe Financial sttennIs for the Year Endtd 31 All$t 2023 (continued) Id¢rtakeD dtre<tly Support 21122 3.470 21.SYII 47.832 7.928 8,160 46,703 10.066 878 3.470 21.901 47,832 7,928 8,1) 46,703 10.066 878 7.796 11.463 27.593 6.813 8,943 2.412 2,274 6.813 2.730 221 C¢rtifi¢ation s¢heme Training IXafle jourtta]s adveniiti8 Purchasey of 800&% for resale Restrieied projects ($¢e fimds not¢) Br8rKh equipnKn¢, adv¢rtising and events Brarh donatiot)8 Other branch costs Gov¢m8n¢e co818 Wages and salaries Frttlance TEC DeV¢lop[rt R¢nt and Tat¢s 11,463 27.593 6,815 8,943 2,412 2,274 6,813 2.730 221 IUanCe Stationery, teleph¢ p)Sth8e Bank chhrges Genernl tnvel expeN Depr]Ition 226 607 Analyth Orgovermee and illpport GoYrnll¢e cthts UAreknk¢ed fund GemerAI Rutrlcted Tot1 2923 Ia¢p¢tlent examiner fees Examimtion of the fitwieiftl teMenTS (hh¢r f¢¢5 paid to examiners TnJ8tees retnuwthoD ÈTKI expBn5¢¥ Legal fees Trea8ur&5 fec5 Cost of tNstees' medings AGM 3.383 3.383 686 2.020 ,639 4,337 1,289 2.020 1.639 4,337 1289 13,354 13,354 Page 20
Dry Stone WillE Association of Cregt Brltaln Notes to tbe Flnancffi Ststenknts for the Year Ended 31 August 2023 (¢ontinued) U¢s¢r1d£d funds Gener¥] Totsl 2022 2.650 759 935 3.722 3,069 328 2,650 759 935 3.722 3.069 328 Othcr feu paid to exan)i Tn¥tee$ remuneration and expemes L¢Bal fe¢ Tr¢aJur¢ls fets C051 of trLk8iees' medin81 aryl AGM Net in¢orn>n8 resource8 for the )vr i11¢. 1023 2•22 Depreciation of usety 2,222 2,609 l• Truteu remllnerathn and ¢xp¢M Dwi'ng Ihe yw th¢ charity made the followitt8 trtyti¢Ds with ¢nJBke8'. T Blaekwtll £IIJO12022: £47) of ¢xp¢n#• r¢inU to T Bkn¢kwrll dwin8 th¢ year. B Hartky B Hartley received Examiner feesAn51nKlor Training Tutor coth of £Nil (2022.. £682) •Dd £438 (2022.. £492> of expenses were r¢EmbuT8 to B Hanley during th¢ year. P Cly¢t)ll £63612022: £283) of expensu were reinkned to P cla( durin8 thE year. P liherwood P Ishenvood re1Ved Exarnin¢r fr¢W1n$¢n Training Tur eost8 of £3,063 (2022.. £3921 aTxI £Nil (2022.. £45) ofexpeDKS wcre Tel$¢0 to P Istrrw)od durin8 the y¢•r. A L4i#do A Loudon receiv¢d Exami Trnitiin8 Ttstor cots of £10,833 (2022.. £11,926) £457 (2022.. £Nil) of expenxs were reimbursed to A duriDB the P Klrkup £Nil (2022.. £82) of expens¢8 were to P Kukup during th¢ J Taylor £31XI12022.. £155) of expensu Mtre rtinlArJ¢d ¢0 J Taylor thwiDg the yw. L Noble L Noble received Bxamincr rec Trnining Tutor ¢(ts of £Nil12022.. £3611 aod £89 (2022.. £189) of expcnsC8 were reimbursed to L Nobk thc year. C lioblt C Noble reGeiwed EX]ner fe&kntor Training Tutor costs of £405 (2022.. £989) and £Ni] {2022: £81) of expenaes wcrc 1mbursed to C Noblr durin8 the ycar. Pa8e 21
Dry Stone WalllnE Asso¢latloD of Great Britln Notes to the FlnaD¢i21 Statements for the Year Ended 31 August 2023 {contiDued) EYAt E Yates rtt¢ived EXamir fe¢sll TraiDiD8 Tutor costs of £Nil (2(r22: £1,784) during th¢ y¢4r. No uL%te• have rtteiv>l any other benefits from the tharity dwing the year. The treasurer. who ts not fornlIy a tnle¢, is 8 freela¢ CO#1nI aThJ rettived £3.461 {2022 . £3,069) for acting as tr¢asurer aDd £3.518 (2022 - £9.338) for the rok of ftre]¢ TrginiDg & Edu)0 Coorditiator and a88i8tan¢e on re8tn.cted Fwjects. 11 Staff cort• The aggregate payroll c(# wtrt as follo.. 2023 2022 Slff ¢o¥ti durlni the yearlvere: WFd8es 88laries P¢n$iou ¢osts Fr¢¢lan¢e 60.594 48,426 6,251 9.884 67 The monthly 8vern8e nutrts of Ty0$ (inCIling 8enior management I Itr1P *4m) ¢nyloyed by the charity during th¢ yc4r cxpressed 4$ full time equiv•leDts as follows.. 2023 No 2022 Administr¥tiDD Pwojert costs 1 (2022. 0) of th¢ abov¢ ¢uyloyees P1¢1pad iti thc Defmed ContriF4Jtion Pen8ion Scheme5. Contributions to the empioyee P¢ThiOD OCheD for the yertothlled £934 {2022. £Nil). No ¢Tllployee rec¢ivd emobjtllents of moTe £60.LNX) durn8 the I The tot81 employce benefits ofthe key personnel of the tIlty w¢r¢ £18,492 (2022- £20,466). 12 T1¢10 The ¢b&rity is 8 r¢Stered charity and is therekn cxenty from taxatio Pw22
Dry Stone Walllng AMociatioD of Great BrltalD Notes to the Fingndal Staten)ellts for the YeAr Ended 31 Auguit 2023 (continDed) 13 TInble faed Imets rni¢•r¢ And ¢qulpm¢nt Tot At I SepternbeT 2022 Al 31 August 2023 Depre¢l•do• I S¢ptemb¢r 2022 LTh8£ for the y Ai31 Aw2023 31.666 16.854 2222 16.854 2222 19.076 Net book vlue At 31 Augu# 2023 AI 31 Au8Ugt 2022 14 Stoek 2023 2022 FiniJhcd 8ood¥ 13,473 15 Debto 2023 2022 Trnde debtors Prep•n 3330 859 188 16 BAll¢h hDk x¢oants 1023 2022 Balancc4 held by branc that w¢ not re•dily av•itsbk to the parent charity 174,075 Pge 23
Dry Stoe Walllng Asso¢latlon of Great Britain i%otes to the Finantial Ststtnnts for the Year Ended 31 August 2023 (continued) 17 CredltorL' mouDts f112 dne ThithlD One y 2•23 2022 Trade CTeditors tAx&tion and social SXUTity AccTua18 4.563 906 11,151 741 544 13.192 14,477 16.620 l• FUD Bl•ee 1¢ I September 2022 Blnce At 31 Au%• 2023 Reree1 r¢•owtH expend TraDife Uthr¢itrkt¢d fwmli Gemernl (knernl urweitricted fvnth 199,8n 153.407 (143.844) 22,130 231.565 Awards futtd 70,(KKJ lo.7 75.(KKI 10,1) 85,000 Total uDreitsltt¢d f¥udi 274,872 153,407 143.844 316565 trk¢ed fun L¢ga¢y for dry stone llEng in the Durhttm aTea National (kid Pendl¢ Hill PCF Steppin8 2019 TIllIn8 aid 40,088 40,088 8.324 10.c 3.574 (1.676) (5.050) (653) 5.410 4,034 (3.934} (3,381} 12.782 12.782 ChalleTWF Fwid ( Rural Skills Hub) Ern¢st Cook 13.668 49,850 (58,051) 11,360 (5,467) Tgtal rt4trlctsd fqndi 63,2th) 78,424 (7&790) 64.834 Brntb fundi Branch fiThJs 174.518 76,091 179.812 Totsl 512,590 345,346 296.725 561211 Pw24
Dry Stone W41]iDg Assoclatlon of Great Brltsln Notes to the FiDAn¢ial Statements for the Year Ended 31 August 2023 (¢ontlnued) Blttte #t I September Inc•ml 2021 B•lanee a¢ jIA¥t 2022 Tranjfe UDre*trlrted I.865 140.882 (119.715) 17.840 199,872 Aw8ni3 fund (4)eraiin8 reserve D¢v¢lopm¢nt oific¢r 70.(KI) 4.103 70.000 79,103 4.103 TotAI Urer(Clea f•ndi 123,818 17.840 274.872 R¢#rlcted Sp¢¢ific dona¢ions sponsorship for pnntin8 Archiie project Lesacy for dry ston¢ wjlling 563 (563) 2(Kl {2(K)) 40.088 4,756 8.363 40.088 5,410 4.034 Ptndle Hill PCF Stepping SIODU 2019 DEFRA Cff¢¢n R4xovery Challenge Fund ( Rural Skills Hubl 7.792 (7.138) (4.329) Total re4trkttd 102,311 8J55 (47.260 {2th)) 63,200 BraD¢h fllndi Branch futsls 155 876 174518 Totsl hndi 498 155 241042 Pw25
Dry Stone Walling AssocSatAon of Great Brltaln Notes to the Fln•n¢lal stenlltS for the YeAr Ended 31 August 2023 (continued) Th¢ spe¢ifK purposes fLYwhich thc are to be oN>hed Is lollow5: During the year * numkn of re4tri¢trd fimth proicrts have COMB to #n end. Wh¢r¢ tlwe have been Tesidual fiuxds at thc ¢t¥J of the ptoje¢ these bove been traTLsferred to a restricted fiEnds Trainitig Ac¢ount. Thi5 account will bc to assist with the delivery of dry ston¢ walliD8 tratning to thoge wb) m•y need fin#neial Ip and to rnaintain the training site infrastrwth. Th¢ D¢fra Green RVery ChBllenge Fund Ththi¢h Rurnl Skills Hub project Twhich waj d¢liver¢d as P8thersFLiP between the Dry Stone Walling Association thl National Hedgela>ryng Sociery. The Project brou8ht tO8ethtt a]1 tbe expertise of the Nlon&1 Hed8elayin8 Society and the Dry Sione W108 As80Ciaiion to fomi & Rural SkilL8 Hub offering 8 ttntrnl p)int for advice. survory filled trwnll)g atrj 51SDPO8tin8 to infortnotiOD SOU£$. Th¢ projem ended in June 2023. haviD8 succwfully d¢liveroJ trllg atsd qualificatitsns in dry storrt wallin¥ and hedgeknyitig for pe(ry)le 8Dd fynded Commlty en8aBement ¢Yettts to promote the benefits of traditional bouttdatirs. Thc Rural Skills Hub Websire will b¢ mainthined by DSW& Usillg .r¢Bidual that bcen trferrEd to a Trnlliin8 A¢¢. The Pendle Hill Lthdscape PgmeTship Projcd cndcd in October 2022. fwhich concluded the delivery of trainin8 for dry stone wallin8 ard Wgelayu¥ which hid been rnaM8ed by the Dry StsDe Walling Amociation th]n'ns project. R¢Jidu41 from the projeth hav¢ been transfery the restricted Truinin8 Aecowrt. Residual fiuJd3 fmm the PCF Swypin8 Proje¢t 1¢h pr¢viouJly complde4 hve be¢n tr¢n5f¢cd to the TT4iThinB Ac¢ouffl to Issijt youth8 people w)uid 8tru8gle their own trainin8 Jnd qualifitions. The lewy was received froth A lady mi8r8ie4110 Aus¢rnliA iti the late 19501. hAvin8 be¢n brou8bt up in DuTh4nL The trt to be w¢d for thy stone w11 in the Durham are& The ASS181190 is consideriD8 how to a¢"¢¥e maxinNm b¢Defii these fimds ADd comply with the 1¢8a¢y. There 1$ DO lin limit on using the l¢¥aey. 19 ARIty of Mt uleti betwoets ftt#d# Unrestrkted Total futsd$ •¢Jl Aup8t 2023 Br*#rh GeThernl Dulzmted Rtttrleled Tan711C fixed Current •ssets Clltte liabi]itie8 12.590 245,595 16.620 12.590 565.241 75, 64,834 179.812 Totsl ttet awt$ 241,565 75,(KX) 64,834 179812 561,211 Tol•l fuDdJ t31 Au8U¥t 2022 fwnds Tansible fixed a&qets 14,812 199,537 14.477 14,812 512255 14.47 75.0 632(K) 174,518 Current li8biiiiies Totsl nrr 199,872 75,(KXI 63,2LM) 174,518 512590 P3ge 26
Dry Stone Walllng A8soeiation of Great Brlt2 Notes to the Financial Statennts for the Year Ended 31 August 2023 (tontinued) 20 Relted PArty trAiiudi• TheTe were no r¢lat¢d poty Irars•clioN iti the >ur. Page 27