## **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 2 **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 3 **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 4 **- 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. 5 ## **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. 6 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. 7 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. - 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. 8 ## **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. 9 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, 10 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. 11 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 12 **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 13 ## **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. 14 **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. 15 ## **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| 17 ## **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| 18 ## **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 . 19 re￿StrItion ttwnbff. 289678 Dry Stone Walling Association of Great Britain for th¢ Ye•r Ende4131 Augu￿ 2023 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 No￿8 to the Finati¢i81 Stst¢ll*nts 11 w27 Dry Stone Walling Assoclatlon of Great BrftAln Referell¢e and Administratlve Det*lls Trurt T B]ackArll p a2￿0￿. Thair B Hartlry P Igl*rw)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 In￿let5 wesent the aDnual ryort tQ8¢kn vrith thc fiDaT*)￿ stst¢n*nts 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 ¢d￿ation 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 craft5￿￿n Certification ScbeTh* qulllifi¢auons has beett extremely high with incms in th¢ numbw of people tra￿ed ¥t the naiional training ceTKre people takn.ng the Crnfisman Certificilion Scheme q￿lI&¢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 Certific￿10n Qu81ifi¢8tions at the DSWA N&tionAI TrnininB Site. Brgn¢h ￿tivity h•s otso 8¢¢n on WY¥llTg¢ ID the nUTnbeT¥ of P￿pIe atterdJDg bewr trainiD8 coursei. Tbis b&$ Ill le41 I￿re&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&trat￿ll ¢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 InsmK￿T 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 tr*nsfcrs (￿Ill￿tiD8 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 pl￿ta￿￿J with r¢vettue from SUb￿riptionS Bel￿alin8 a r¢turn in the amount clpimed DSWA ¢ontinu¢s to work with exlernAI org8n1￿1]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￿( fU￿Jed by the tkfra Green Recovery CI￿lIen8¢ Fund atso ume to an end thi$ ye4r after proving 8 v¢ry successful initiativ4 betwTen DSWA the N￿l￿nI1 Hed8¢layitig Sociery, offering a ¢entr81 poit)t for advi￿. suppon. ffijnded tra￿lD8 a￿j shgnpostin8 to infornwion sowcts on traditional bowmlary Thonkj to o Br￿1 from The ETne# Cook TrusL DSWA has b¢en able to off¢r an apprentsceshw to a YO￿ person to work alottgside a Master Crnftstt￿D 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 ￿ n￿l￿ain 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 bel￿fir 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 W￿re 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 I￿lding 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 obli￿￿￿9 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 r*eded to oo8oing ll￿￿thlY wsts and fjJhw¢ dev¢lopm¢nt. To this ¢Dd. th¢ Trustees have dtt￿ed 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 ￿￿￿1￿8 CO8rs and £80,(rfX) hAs been degignated for thi8 pwp)ge. A large proportion of thc charl￿8 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 uw*ees 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(gp￿lnIcO I l m4￿h 2023} Strll¢thre. %overMtste and m*ts*gemeD¢ The unincorporatrd elwi.ty As Cotisti￿ uttder a trtLSt deed d*t¢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¢ regist￿ed ¢F￿rity 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 TrK*ld office for g pcriod of three years. Reiiring Trustee5 are ell￿ble for tt4l¢rfion for further iem)s of offi¢¢. Th¢ chair￿ 1$ ¢leeted by Trus*e5 following tbe Gcncral Mctkng. NOMI￿110￿8 for the election of Tnwlee6 are iDVited 8nnudlly frorn the mcmbcrthip. Thc Trustces providc y￿1t￿ Confirll￿ th*1 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 C￿￿￿1￿10]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 $1] sthff ¥1 th¢ kptth Tnth Bo•rd m¢¢¢ing ¢Kh yw. to tsk¢ ¢ff¢¢t from th¢ Octob¢r Orth￿ year. R•lathMhlpB wlth related P￿thI Branch all￿1#150 The Dry s￿￿¢ Walling Asw¢iition Currethty hu fifteen bra￿kn￿ in Englwbj ￿￿1 Wul¢J Jnd four br•￿￿e8 in Scoiland. Major rfyky Rtsk maA¢7geMe The Tnutees have revie￿d the mijor risks wbich th¢ clwity fxes and believe that Tnainlaining rcscrves at cuncnt Icv¢]5. ¢ornbincd with an annual revicw oc the ¢orttro18 over key fjnmcial S￿¢M$, 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. Fln*nrl*l Th¢ Ch8Tity'5 xtivities exp08e it to o number of fmanci¥l Ti5ks in¢l￿1n6 ¢redit risK eagh flow li￿ attd hquidity risk. The charity does use derivati￿ Cr¢dts The Charity's princJp•l fmwi•l a$3¢lJ bJDk bth]atte5 ITMI c&sh, tr¥Je atsj other rec¢ivthl¢s, and on o￿a$Jon FKJrt t¢m ini'estmen The Chanry has sRgttificattt conc*nti￿1ott of crtdti ri8L with ¢wspJr¢ gwead over a laTge numbEr of evunteIpartics 4Dd cwtonxrs. Llqmidity rw5A In order to n)AiDtsin liquidity lo erty￿e that sufficient funds Ar¢ av8il&bl¢ for on80ing opaalions and future developtxmts, the Cbxtity m*intsiDS a ￿￿On￿ble 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¢h￿f by: P cla￿Oll Pag¢ 5 Dry StODe Walllng knoclgtioD of Great Britaln staten￿nt of Trn$tees' RespoDslbllldeg Utiited Kingdom A¢¢ountiti8 Stsndards (Unityj KmBdoJn GeJKTrlly Accep*d Accountin8 Practice) and appliuble law aThl rtgu]ations. The law applicable to ¢lwities requires th¢ trwttts to prepgre fiDaDcial sthternent8 for e￿ts fittatti*l 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 fmaT*i4I st8tenxJw, the trusw aT¢ rwjired to: selKI suitable a￿)Unting poIici¢s ¥Dd apply th¢m consi￿, obsetve the method5 8ryJ Pri￿pIeS in the cI￿ltieS SORP. stale Wh¢th￿ ipplicable acco¥￿ing sthrthrth have been folkl￿ wbjed to kny depaTbAreJ dis¢los&J md explaitied iti the r￿lle1￿ st•lett￿￿' prepare th¢ fU￿r￿1&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 C￿1¢ and financi￿ Infornth￿on 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 Juri￿1¢110ti￿ Approvd by th¢ tnmtees of the ¢hArity on 16 Deceth 2023 ii8D&I on its be￿￿[b￿. Pcla Tft￿e• 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 ¢X4ml￿tiOll of of Dry s￿￿e 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 yc￿1 Are resp￿￿ThIe 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$80¢iation of Great Britsin's a¢￿￿nIS ¢aTri¢d Under section 145 of thc 2011 Act and in ¢arryin8 Out my examination I have followed all appli¢4bl¢ DirethioD# 8iven by th¢ C1wty Convni8uon under section 145(5Xbl of the A¢L IDdeptndeDt e￿￿%￿er.1 thleme*t SiD¢¢ Dry Stone Walling A55LKiation ofGr¢¥r BritsiD'S 8fOSS income exceeded £250.0￿ your exatnitier must b¢ m¢mb¢r of * body IL$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 rerting by Cbaritics.. Statement of RecOM￿¢d Pr8aiC¢ appli￿ble io charli1￿ prepAmg their aceounts in a¢wrdan¢¢ with the F&nat)CiAI Reporfin8 S¢atMlard app]icable in the UK and Republic of trei*yJ (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 prTr*r*tlo Dry Sionc Wallin8 A850ciation of Gv¢ai Britain 1$ th wi1th￿[pO￿ted charity re811*T￿ 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 adVa￿e c￿cation in ttrLe craft 8t￿ I￿11&$e of dry 8ton¢ wAlling. Dry S￿lle WAiling Atsociation of (ir¢g1 Bn"tsin the defim'tion of a public betteflt eDtity undei FRS 102. A8get8 and liabiliti¢$ ar¢ initi8lly reco￿lS¢d ai hi#orical ￿&1 or trww¢tion VAlue unl￿& othm¥is¢ ¥t4ted in th¢ relevani ac¢ountin¥ trtTrlicy not¢& The a￿0￿1￿ are pre8ented in Merlin8 whieb li the fu￿10￿1 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 vo￿nI￿ry 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 mel￿red with reliability. Donatio￿ and 1¢8aciu are rwtiised on 4 rexeivable b*sii wl*D re¢eipt is ptobable and the amount can be Teli8bly m¢agJred. receiFYble Grants are reco8niscd wTr￿n 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 r*o8wsed as & liabi]ity i￿1￿1ed 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 ¢Xp￿t￿l pr￿L￿d3 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 Y￿ve of the stock Js charged a8ainst 'lDcortt from other trading activiti¢s' aod tbe pmceeds are rcco8n￿d as 'trKomE other tradwB activities,. Where li is iowa¢ticable to fair value the items to the volunx of low value ltert￿ IIKY not ￿C08￿15td in the fimncial stat¢m¢Dts UDtil thy are sold. This I￿Orne 15 feco8Discd within 'll￿orne 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 andf￿11th¢S Do￿ted fa¢ilitits aDd donated wor¢￿10n81 xTric¢$ are MgttTsed iti I￿orne at their fail value when tbeir cconomic bcncfit 15 rffobable. it can be Tr￿ured 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 Smi￿8. A ¢o•in8 yllHJunt is r¢wgni5¢d in Expendlture All ¢xpoThliturc is orKe there ig th legal or eotX8tnth obli8ation to thit ex￿dIture, il i¥ PTobabl¢ ettlern¢nt is required atNJ the an¥)unt can be n￿a￿Ted r¢lipbly. All •llw41¢d to th¢ wli¢able ¢xpendiwre headillg ag8rega* $Tmilar cojts to cate80ry. Where co8ts unnot be dir¢aly altriTruted to patti¢ular headmgs they have been alloca¢cd OD a bgsis consisteDI with the we of resources, with c¢ntro1 staty cosls a]lo¢aied on the buis of time sm alld depreciatlOD charg¢s •lloca*4 on the pornon of the as8ei's uae. Other support Costs are Allocated bawj on th¢ Spre￿ of 5th1Ycosts. ChAn'iable expelldiDJre Compri￿ thoet eosts I￿￿1￿] by th¢ clwity in the ddivery of its activitie$ fi￿1 gerviees for its beneficiaries. It inclth iw)th Co¥￿ that C4D Ix allo￿1¢￿ dI￿tty to aciiviiie8 and those costs of GroAtprovhlonJ Provisiom for grants are m&de when the Intention IQ Tn•k¢ • been ¢OTllm￿￿ted to the recipiem bui there is uncertainty &bout either the timin8 of the 8ran¢ or th¢ alr￿￿7t of gr￿1 payable. GoverDinet eojts These include the eosts attribthble to th¢ ¢lwity'$ Con￿11*￿ 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 FIn￿e 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 t￿￿0￿ 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 T￿tion of Charg￿ble G&inB A¢t 1992. to the such or￿7￿1 ue •pplicd cxclusivcly to clwi'tablc purp(Ki. T￿￿1￿bIe flxed *%xets Irnliyid￿j 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 Y￿u￿10￿ Icss any cslimated T¢5idual valu¢, ovff their expeded u9eful ecottomic life a8 follows: Amet tl* Fixtrjres, fittings attd equipn*ttt Depredatlon mthod And r• 15%rnlu¢itig bala￿¢ Re￿rth #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￿ t*t 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 dIn￿ge￿, obsolete I￿1 $Iow-llKJving stock th aPF*cyriate. TrAdt d¢btors tkbtLTrrs a￿1 creditor8 with no Jts*d I￿j re&*ivable or paydble withtn ¢m¢ yeaT are re¢orded at C•sh and cwh cquiv8lents ¢oftwrise etsb on hattd attd r411 *0sits, ond other short-ierm highly liquid invcBlments that ar¢ T¢ath"ly ¢otsvtrtibie to • kDQWll Or￿U￿1 of usb are subje¢t ￿ an insi8nifi¢&tt risk of change in valu¢. Tr•de ¢r¢dhori Tradc crcditors we s)bli8auorts to pay for or sthvicu that h•ve been acqui￿1 in ordinary course of business from yuppliers. Accounts payable art classified as curreni liabilities if charity thxs not have art yneonditional righi at the eTKI of T¢POrtiDg lo d¢f¢r xttl¢m¢nt of the crediior for at leut ttvelvc rnonths after the rtportinK daic. If th¢r¢ 18 •n uncondition81 righ¢ to defrr s¢ttle4nent for Ai lea￿ hvelve months after the reportin8 dale, thcy aTe prHent¢d as liabiliii Tmde ereditors are recognixd iDitt41ty li the tr*n8*tion price aThl Ab#eq￿nI]Y ll)easu￿ •t anx)rtised ¢0 the eff￿tive in*rest ts￿hOd. Fund strurturn Unr¢8tri¢t¢d incon* fimds aTe I¢￿Tal fi￿dI th91 w¢ •vail)bk for uoe 0¢ the tnmtts diserdm in filltherAW¢ or objectives of the Ch￿Lty. Rtstri¢ted income fund8 are thote doDat¢d for in a •rM or for opxific purpose4 the u8c of which is TC5tiicted io that *rea or p￿ry￿%. BraThch are septhied m thc aLxfAmts ￿ they ￿t not Teadily ac¢ewble by the ¢etstral office are controlled by the branch committees. Flnap¢lal a•8sUIco1ion FinaLEial 8&4cts and financial liabi]iii¢s are re¢ognised the cbarity becomEs 4 pw to thc ￿ltractual provisio1￿ of the ins¢TU￿1. Fin￿22[ liabiliiie5 atsl ¢quity 1Th¥tr￿ are cknifwd a¢¢ording to the kne of the contractual arrangerncnts enlcred into. An eqyity itiStrume￿ is evide￿¢8 a resithul int¢reth in th¢ as5¢ts of tho eharity afterdedu¢litJg ofits liabilities. Page 13 Dry Stone Walling Assoclatlon of Great Brltaln Notes to the Finanelal Statrn*nts for the Year Ended 31 Augugt 20Z3 (continued) R¢¢ozwttloN All financial wets and liabilitie$ 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 tra￿arti0n PTICC cxcludin8 transaction costs). unlw the arrangen￿nt ¢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¢ ￿Y￿￿tt￿ disco￿led ￿ a nmrkel rnie of interest for $imiiar de￿ instn￿nL Financial a&fjets and liabtliti¢s ar¢ only offset in the Ststemcnt ol financial position wher4 and only when th￿¢ ¢xists ) legalty eDfo￿eab1t rigbi io set olt the r￿O￿niscd anw)uDts and th¢ charity iDrcnth either to Settle ot) a ry¢t basis, OT lo reall￿ the asyrf and gettk the liibihty simultancously. Filw￿l&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¢tsiJ*d some. but not alL significant ri8kfj and reward• of ownerolllp, tr&ns(ened wltrol orth¢ ¥wl ty 4rth pjtty. Fin4rKial liabiliiie8 are dcreco￿l5ed (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 Getter*l Rethkted Br*neh 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 eh*rtt•ble *¢tfvltiei •d5 G•o¢r*J Re￿¢d fi￿d£ Br*￿th h*di 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 Br*ttth futtds Total 21122 CertifiC￿l￿n 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 Ge*er*l BrADeh fundi Tot*l 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¥ GeDer*l Br*n¢h fund• Tot*1 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 Tot*1 2023 Interest receivable ￿ similar tn¢ome' Interest re¢eiv8ble ot) dep)s 332 332 332 332 Br&Dch fu*ds Total 2022 lrtt¢r¢8t receivable and 8imilAr iwolrt" eT¢y¢ r￿e1VIble 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 ¢h*rlt*ble •ttlvlt fuMd• CeDer•l Rertri¢led Br4￿h 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 Le￿lletS, journals and thertiii P￿Cha￿ of goods for (adi for ￿0¢kI Rc5trickd projects (v fiujds wte) BT1￿h ¢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 I￿1 salarics Freelance TEC aDd D￿lop￿￿Trt Re￿ rate5 Offlce rnainten8￿¢ repoirs 19.559 Staiion¢ry, tslephoDe and postage Bank th￿8c5 General travel exp¢tL8 Depr￿l*tion 235 2222 2.222 296.723 Pw17 Dry Stone W2lllng AMo¢l*lion 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$l08 aThl ¢v¢nts Branch donatio Otber brwKh ¢09 31235 563 7.183 977 8.160 46,703 46.703 10.066 878 7.796 10.066 878 7,796 11.463 27.593 6.815 8.943 2.412 2.274 6.813 2.730 221 2,609 11.463 27.593 6.815 8,943 2.412 2274 6.813 2.593 Wages thd ￿l￿rieS FTcelance TEC and D¢v¢lopnxnt R¢Dt and rates Office miiD*nance aThJ repairs Insur4n¢e Ststioncry. telepkne ard B￿k char8 Gener•1 travel exper Ikpr¢¢iaiion 137 226 607 P8ge 18 Dry Stone Wglllllg AS￿¢1#110￿ ofGreat Britain 'otes to the Financial Ststsments for the Yur Ended 31 August 2023 (continued) ndtrt*ke Attlvhy •uppgrt ¢05ts 2023 7.559 19.674 56.295 10.822 10.693 57231 15.667 2.156 8.633 7,559 19,674 56,295 10.822 10,693 57231 15,667 2,156 8,633 13.354 60,994 1.914 9,694 5.373 2.324 8,841 3.180 C¢￿'fiCa110n scIKme Training L￿fi¢ts, journal8 adv¢nisttJs Pwchaw of goods for resA]e R¢stri¢¢cd prDjects (5cc Tmrte) BrI￿h t4￿1pMe￿ advertisin8 ard ¢VeD Brancb donatio Gov¢rnan¢¢ ¢08ts Wages s818rie4 Freelaoc¢ TEC wnd D¢v¢lopll%nt Rent aTKI Tates OffJc¢ Djainiellgnce repaits Insumc¢ St&uon¢ry, telephone post•M¢ B*Dk chBrBcz Oerterkl travel ¢xp¢nJ¢s D¢pr￿lItIon 13.354 41.435 19.559 1.914 9,694 5,373 2,324 8,841 3,180 210 Page 19 Dry Stone Walllng Association of Great Brit41 Notes to tbe Financial st￿ten￿nIs for the Year Endtd 31 All￿$t 2023 (continued) Id¢rtakeD dtren8 resource8 for the )vr i￿1￿1¢. 1023 2•22 Depreciation of usety 2,222 2,609 l• Tru*teu remllnerathn and ¢xp¢M Dwi'ng Ihe yw th¢ charity made the followitt8 tr*ty*ti¢Ds with ¢nJBke8'. T Blaekwtll £IIJO12022: £47) of ¢xp¢n#• r¢in*U￿ 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 Cl*y¢t)ll £63612022: £283) of expensu were reinkned to P cla￿(￿ durin8 thE year. P liherwood P Ishenvood r￿e1Ved Exarnin¢r fr¢W1n$¢n￿ Training Tu￿r eost8 of £3,063 (2022.. £3921 aTxI £Nil (2022.. £45) ofexpeDKS wcre Tel￿￿￿$¢0 to P Istr*rw)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 Brit*ln Notes to the FlnaD¢i21 Statements for the Year Ended 31 August 2023 {contiDued) EYAt E Yates rtt¢ived EXami￿r 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 forn￿lIy a tn￿le¢, is 8 freela￿¢ CO#￿1￿nI 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 Sl*ff ¢o¥ti durlni the yearlvere: WFd8es 88laries P¢n$iou ¢osts Fr¢¢lan¢e 60.594 48,426 6,251 9.884 67 The monthly 8vern8e nutrts of ￿Ty0￿$ (inCI￿ling 8enior management I It￿r￿1P *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 P￿1¢1pa￿d 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 tI￿lty w¢r¢ £18,492 (2022- £20,466). 12 T￿1¢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 TIn￿ble faed Imets rni¢•r¢ And ¢qulpm¢nt Tot At I SepternbeT 2022 Al 31 August 2023 Depre¢l•do• I S¢ptemb¢r 2022 LTh￿8£ for the y Ai31 Aw2023 31.666 16.854 2222 16.854 2222 19.076 Net book v*lue 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 P*ge 23 Dry Sto*e Walllng Asso¢latlon of Great Britain i%otes to the Finantial Ststtn*nts for the Year Ended 31 August 2023 (continued) 17 CredltorL' *mouDts f￿11￿2 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 B*l*•ee 1¢ I September 2022 B*l*nce At 31 Au%• 2023 Re￿￿ree1 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 T￿IllIn8 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 Br*ntb 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) B*l*ttte #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 U￿re￿r(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 s￿ten￿lltS 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 I￿p and to rnaintain the training site infrastrwth. Th¢ D¢fra Green R￿Very 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 N￿lon&1 Hed8elayin8 Society and the Dry Sione W￿108 As80Ciaiion to fomi & Rural SkilL8 Hub offering 8 ttntrnl p)int for advice. survory fill￿ed trwnll)g atrj 51SDPO8tin8 to infortnotiOD SOU￿£$. Th¢ projem ended in June 2023. haviD8 succwfully d¢liveroJ tr￿ll￿g atsd qualificatitsns in dry storrt wallin¥ and hedgeknyitig for pe(ry)le 8Dd fynded Comm￿lty en8aBement ¢Yettts to promote the benefits of traditional bouttdatirs. Thc Rural Skills Hub Websire will b¢ mainthined by DSW& Usillg .r¢Bidual that bcen tr￿￿ferrEd to a Trnlliin8 A¢￿￿¢. The Pendle Hill Lthdscape PgmeTship Projcd cndcd in October 2022. fwhich concluded the delivery of trainin8 for dry stone wallin8 ard Wgelayu¥ which hid been rnaM8ed by the Dry StsDe Walling Amociation th]n'ns project. R¢Jidu41 from the projeth hav¢ been transfery￿ ￿ the restricted Truinin8 Aecowrt. Residual fiuJd3 fmm the PCF Swypin8 Proje¢t ￿1¢h pr¢viouJly complde4 hve be¢n tr¢n5f¢￿cd to the TT4iThinB Ac¢ouffl to Issijt youth8 people￿ w)uid 8tru8gle their own trainin8 Jnd qualifi￿tions. The lewy was received froth A lady mi8r8ie4110 Aus¢rnliA iti the late 19501. hAvin8 be¢n brou8bt up in DuTh4nL The trt to be w¢d for thy stone w￿11￿￿ in the Durham are& The ASS￿181190 is consideriD8 how to a¢￿"¢¥e maxinNm b¢Defii these fimds ADd comply with the 1¢8a¢y. There 1$ 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 Tan￿711C 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 Staten*nts for the Year Ended 31 August 2023 (tontinued) 20 Rel*ted PArty trAiiudi• TheTe were no r¢lat¢d poty Irars•clioN iti the >ur. Page 27