(knty Tegistration numbtr. 289678 Dry Stone Walling Association of Great Britain Annual Rewt and FiMKial Statem for the Y¢ar F4Mled 31 Augus12024 Dry StODe Walling Association of Great Britain Contents (continued) Referen¢e and AdMini%tr￿?￿ D¢tails Trustees, KeE￿rt 2toS Statemen¢ of TNsttes' Respotisibi]ities ]￿jePClldethI Examin&5 Stytem¢nt of FiDwKiA] Activities 8109 B8ian¢¢ Sheet No*5 to the Financial Ststements Ilto27 Dry Stone Walling AssKiation of Great Britain Rderuce ind Admln15tradve Detalls Tr￿te T Blackwell P Cla￿On, Chair J Gwilliam B Hanley A Loudon B Manindale C Noble LNob J Taylor M Tyl¢T 289678 Ch#rlty R¢8lstritloTr NU￿ber PrlThtlp*l Offl Crookjknds Milmhorpe Cumbria LA7 7NH Indeptndent EAAmlDer Siabks Thnyson & BriKoe Chtheytd Accourttsrtts & sthTh￿ry A￿1]lOr$ 34 Lomher Streel K¢ndai L19 4DX Bxnk¢r¥ HSBC 331 U)rd Street &)uthport PR8 INJ Page I Dry Stone W211ing AssociAtlon of GreAt Brfita Tru5tees' Report The tn￿te¢S present th¢ aDAual repon togeth¢r with the fina￿18] stytements of ts ¢h&riry for the yeaT endpj 31 AuEu$i 2024. Objedfves and *tthltles Obie¢ts •Nd The obje¢ts of the ¢h8rity Ke to *Jvm¢e edwaiion in th¢ craft Jttd I￿rI￿ge of thy stone w*llin8 for the publi¢ b￿￿riL The Dry Stone Walling Association delivery trainin8 and thuots in the kyaft of dry 6wne walling by th¢ provi$ion of tr¥inin8 ¢ourse$ 8Th1 nalioDaMy reco￿15¢d L￿tra o¢¢T¢dikd q￿lIfi￿til%￿& Thi$ year hal seen a fvll wwamm¢ of traittinB Cour￿ thlivered Ix*th 81 National Brnnch level. Four4ay training COUT8eB rern•ined at a con8tath level frorn the pr¢viou5 y¢8r t¢¢in8 8 Sirnilar number of panicipants 8ii¢ndin8 the Nalion81 TraiDing Site at Crooktar#48. The Cr8ft Certifi¢alion Sch¢me conlinued to iKruse in pupulthriiy with a nwnb¢r vr¢w￿ld41¢s 4¢hi¢vitsg th¢ir ¢bos¢1) Lcv¢l in 23124 Compared lo the Pre￿Ou8 year with lest doys ¢￿tInUing ￿ tsk¢ place in the UK, USA, C4nada aThJ Austyalio. The Nationol Trainin8 Siie Again wel¢omed a number of Inten￿tio￿l candidates including groups from J&pon. There was a180 an incTellse of Ih05e Khi•ving m￿ter Cr8ft5maft with three candidaies Kaining this SthDJS by the end of tk year, including a previo￿ DSWA Bursary shmkth. In SpTit)8 2024. a sthnd4rd 8¢11ing ¢veN was held which Wel¢￿d 911 DSWA Asjeswn from the UK and Ov¢ryeas ¢0 Crooklands. Over the ¢ourse of the weekend 411 AssessoTS uiilising upda*d descriptors ¢0 mark xlidateg ots siie during a tem day ￿ ¢￿$¢4￿¢nity morks the follow￿8 day. This event enswed th8t all Ass¢ssoTs ￿re m•rkthg 1¢ a ¢ompw•tiYe k￿] ¢0 their peers and thal all ¢•ndidates ¢•n be Confideni in ihe fautt$$ and ¢otsi$tthKy ol the Crnn Certification An Instructor Training c￿￿T6¢ w &u¢ets8fiJlly delivercd in 2024, ￿ PTovide fijrthtt ITbStnthr re%MfCCS for DSWA Branches. DSWA ¢ontinu¢s to Work with extern•l or8￿1￿¢10n$ ￿ deliver projects thii refie¢i the A880¢iations ethos. The s¢cond tr8n¢he of A ￿all1 from Th¢ FArnest Cook Tnjsi, his embled DSWA to offer tw fither 8pprenliceskn'p5 for youn8 pcrsons to be ￿Kn10T￿ by Maxer Craftsnwi with a vicw to achievkD8 craftm￿n Certifieation qualifi¢ations at t￿15 l aryl 2 . The Wales Br*n¢h ¥u¢¢e8sfidly #pplied for fillyling to deliver * proje¢l lo inc]￿le i Feglival of S￿ne, incowrO1ing dry stone w811ing training a￿1 competition toBether with fu￿re oprrfTrrbJnilies ftsT dry Stone walling qualificatlons. South West Engla￿1 Alra￿h ￿¥0 assI￿ed a DumbBr of members to 8ain qualificBtson5, thank5 to 8TJnt frvm th¢ Ngtional Grid. There has been a hi8lL dern￿￿ for beginner trainin8 courses delivere￿ by the DSWA Branches thruu8hout the country. The10¢o1 Br8n¢hes are run by volunieers who work iireles$ly 10 pri)I￿te the ¢Tan of dry slon¢ walling. Br4n¢h fund5 rcmNin 5tron& al￿ a nurnbcr of br4ncbc5 have to ttHn5f¢r r¢$iduhl funds lo central fininees. These fuThJs have beett ￿lO￿ted ￿ per branch rwutsts. with 8eMal tr￿lfer$ aMistin8 the continued d¢liv¢ry of training. Thc Tn￿tte Board Iwldj q11￿*[ty mEetin85 thrwhout the ytar. TnL4ttcs strive to minirnisc exper¥Jiturc by embracing technology and reducin8 travel costs whereyu W￿31ble. Membership has plateattd with revertue from skniptiotts gentrattng i Bood reNrn in the anM)unt claimed tlwough Gift Aid. m¢￿bandI3¢ Sal￿ have deThsd slightly from the previous the year. The Association receives reque5t5 for advice and guidance on all aspccts of thr (taft of dry stone walling and will strive to rti8intwn the quality of mfomwion available on this traditsonal Craft. P•8e 2 Dry Stone W*llkng Assotiatfion of Great Britain Trustees, Rtport (Continued) P4bhc The Trustees ¢ODfiTTn tht they hAv¢ complied wth the of section 17 of tht Charith&* Act 2011 to bave due ryard to the public benefit published by tbe CbAriry Commissioti forEtsgil￿j ST￿ Wal¢& Fth•n¢lAI rtvlew The charitys income decreas￿ from £345,340 in 2023 w £320,994 in 2024. nv)sl of the detrcase relattd to restricted funds ￿l¢b We￿ grants ￿¢¢Ived last ye4T for projects whi¢h fini8he4J in the year. ExpeTMITture incre￿ed from £296.725 in 2023 to £301,964 iti 2024. Overall Charity fiwds itycreased by £19.030 (2023 - £48,621) in the ye8r lofwhi¢h £8,333 rèlated ￿ ￿$tr1¢1tyj furth) a￿tea$lA$ reserves ￿ £580,241. P¢ll¢y pes¢pp•J Under thc rcquircrncnts of charity law. tlL¢ TnMtees are obli8ed to define the chwitys poli¢y for holding reserves. The intention in e5tablL8hing thii R¢s¢rve8 Poli¢y 1$ ￿ ensure the contirM￿tiott of ihr charit￿$ activitie5. The policy wiu enable the ¢han'iy io meei its le881 objeclives. provide confidence io donors sceking to give fina￿la1 5￿pOrt io a pnthtly controllcd ehriry ensurc that the regerves art at A level suffieient to discharge all Ihe charitys obli8ations in the event it slmjuld ce￿ its operatsons. This is not ¢oDsidered to be lik¢ly in th¢ foTe8¢¢•bk futwe, th¢r¢for¢ th¢ r¢5¢￿$ wkn'¢h the d)aTity i required 10 ￿1Th18]n are thosc needed to fund on8Otng monthly eosfs and fuwre doTlopnxnt. To thi8 end, the TnJ5tccs havc dccided that th¢ clwity thould 8eek to hv¢ r¢s¢rves •whk¢h are noi invesied in r￿ed a88eis of a sum equal to no n￿re than l2 moDths general nmnin8 ¢08ts £lOO.IxxI hls been desiptrd ftsr thi5 purposc. A lar8c proportion of th¢ charitys reserves we h¢ld 4$ bwjk 4¢¢ounts. Th¢ fillw￿l01 ststenxnts detsil th¢ nw)Ve￿t iti re*r/es during the year. Trnited #nd offlttri Tr ttustees Atsd oltictts servinB duTiD8 the Aince the ye4r end follows: Tnllie¢s.' T Bla¢hrll P al￿on, c￿]r J Gwilli•m (apw)inted 16 Mar¢b 2024) B Hartley P Kwkup A LothD B Matmndale lapp)imed 16 Much 2024) C Noble L lioble J Taylor M Tyler Pw3 Dry Stone Walling Association of Great Britain Trnsttts, Report (Conllnued) Strts¢tur< govertt*Mtt Nalmre of8overnin8 docwment Th¢ unin¢0￿OrA￿d ch&rity is conslitu*d under a tru8r deed d￿d 1968 with revt8ions. the ￿￿8¢ rece￿ being dated 4 June 2016 I￿] ntifieA ai the ADTvJal General meeti￿ on 4 Msrth 2017. The registered chariiy number is 289678. Recr*ilMent oppoinlmeH¢ oftrmsttts The Asso¢iaiion has a 1104rd of Tnsi¢e& ¢on8iSting of ￿ to12 ¢le¢*d memkn. ￿ld office for i wtod of thrrc yCaT$. Rdiring Trusltts arc cligible for T¢￿]￿tion for furthrr tcrrn5 of orfKc. The Chairnjan is clccted by thc Truytees fullowmg thc ADTr￿￿ Genetal MeL%iDg. NomiDations for thE elcction of TnMtce5 ¥TC invited attnudlly from the membership. oftrMJlea The Trus¢ttS provide WTittert Conrm￿U0tt they the duties respottsibilities of their tnL%tee%hip. They concern thernelves with every 14)eet ofthe mini8tment of the eharity fully iWaTe of their onttous ruponsibilities. Th¢ TTU¥t¢¢• rw¢iv¢ and art ¥pon rcgul•T f￿¢ thi¢¢ isJu¢d by th¢ Chprity Con)misJion. Key management ¢on4)rise$ # full time Trnining & Edu￿tIOn Coordimtor Ind an Offi¢e Administralor. The Trnstees set rcmuncration for Ill stsff at thc Scptcrnbrr Trustcc Board I￿¢17n8 cach year. to tske clTcrl from the Octoberof that year. RelatloDshlps wlth rd•ted p*rtl The Dry Sione w￿11￿8 Association ollretttly b88 ei8bteen br￿￿h¢S iti En8iattd, Scotlhttd and Walei. Rijk n￿nagement The Trusites bave revI￿￿A the major risks vknich the ch&rity laces md believc thDI m&intainin8 res¢TVe5 llr current Icvc15, combined with an annual review of the controls over k¢y fina￿781 system& Mll promde sufficient r¢sow¢es in the eveni of adverse ￿nditionS. The Tnwees have also examined other operalional and business risk8 fa¢ed by the ¢lw"Ity ¢oniinu¢ lo ¢s￿blIsh 5yStem5 ￿ mitigate ony significlnt nsk. Fth**el*l InitrnW￿ts ObJe¢Atw$ o*dpolkl¢s The Clwity'$ 8¢1ivities expo8¢ tt to a nuTtkn of rms￿1￿1 risks i￿1￿lIng credii flow risk aThd liquidity risk. The ¢h#rity does not use derivative finan¢ial Insinm*￿. Credil ruk Tr ChaTity's pl1￿1paI financial ass¢t3 bank baJartt5 8tvJ trade a￿1 oth¢r re¢¢ivabl¢s. aTxI on 0￿￿10n short tem] invesmRnts. The Charity has no A8Difjcant conccntration of credit risK with exposute spread over a lar8e number of counterpartics at)d t￿￿OmeT$. Page 4 Dry Stone W4lling AsMKl*tlon of Great BritAln Trustees, Report (conthiued) Ltyuldlty Ylsk In order to rnaiDtsin liquidity to that 5ufficieni fimds ue available for ongoing Ope[￿10￿8 and future d¢veloprnents, tht Charity rnaintsitts a te¥onable level of in iDtht acce65 bank accounts. Fwthr detaits regardin8 hquidity risk be found itt the Staiement of accounliD8 poIicic5 in the fiDwial The Mtsnual report approved by the tru5tee5 ofthe ¢hrity on 14 December 2024 and on its bd)aif by.. P Cl&yton Tru$t¢¢ Pa8e 5 Dry Stone Walling Association of Great BrAtaln Stat¢m¢Dt of Trusteu, Responslbllhles The trustccs arc responsible for preparin8 th¢ tnLrfccs' TCPOrt and the r]tsarKiai $lai¢n*nts in a¢¢ordaJce with the Unit¢d Kingdom Ac¢ouDllDg Siandards (United Kjllgdom Getxrnlly Ae£ep*d Accounting Prncticc) ajjd applicobl¢ jaw r¢gui•tions. The law applicablc to Ch￿ille5 rcquires thc tr￿letS to prqxrc fi￿nCisI 51atcrncnts foT c￿￿ finaDcial year which siv¢ a aDd fair view of the statc of affairs of the charity and of the inwmiDg resoum and application of r¢80urc¢8 of the charity forthat period. In preparing fIr•￿141 the trustees are required to.. sele¢1 witable aceoutititig policies thett apply theth c4)tri#ently. observe the methods 8nd principles in the Charilies SORP,. make jud8emenrs and ¢8tim&w thai are reuot)able wld pn￿ent stale whether applicable accounting Jtsndards have been followe4 subj￿¢ to ony rnawial d¢parthr¢s disclosed and ¢xplain¢d in the finarKiai #atements; prepatt the fuwn¢ial sts*ments on the goin8 ￿nCern basi8 unless li 1$ inappropriate to presume that the ¢h•rity will Continue in business. The trust¢e8 are responsible for keeping woper ￿¢￿ting records thai dis¢lo% with reuonable ac£w8cy ai any lim¢ the fiNJn¢ial po$i¢ion of the Lh￿ilY and enable them ensure thil the fu￿￿£1a1 ¥laicmmis CUTnply with thc Ch4riliu A¢t 2011, the Cknrities (Accounts and Repons) Re8ulations 2008. and the provisiom of the constitution. The thJsthe$ also responsibl¢ for ￿￿￿1rdIng the assets of the charity and hence for t&kin8 reasonable stéps foT the prtbenti0￿ deie£tioD of other irr8ulJriti¢5. The tr￿tee5 are T¢SP)nsible for th¢ maint¢nan¢e and int¢Briry of Ehe ¢orporate atxl fin•n¢ial inforn)arion i￿luded on th¢ ¢hAn"thble Compan￿5 web$iie. [£￿.$10￿0n governing the prepar81ion and diss¢minAiion of ringncial ytaier*nts moy differ from legisl&ti'on ID other jurisdictio Approved by the trusiees of the clthrity on 14 Deeanber 2024 g1w￿j on its b¢￿Ir by: P C]a>ton Trust¢¢ Page 6 Dry Stone W2lllng A8soelatlon of Great Brltaln Independent EIAmlner's Report trj the trustees of Dry Stone Walling Associatlon of Great Britain I report to the trustees on My examin￿10￿ of th¢ of Dry StoD¢ Wall￿8 Associatson of Gffat Britaitt for the yeaT end¢d 31 August 2024. RespoJiiMitlu and bath ofr¢port As th¢ ¢han"ty ¢n￿e¢S of Dry Sione Walling ASS￿181]0￿ of GTCat Briiain arc resp￿sible for thc prqjaration of ihe a¢¢ounts in icGordan¢e with tht requitements of the awities A¢t 20111'th¢ A£l'l. I rcpLTrrt in respttt of my cxamination of the Dry s￿￿e Wallin8 Association of Gre￿ Brityin's a¢¢out)ts ¢orri¢d out under section 145 of the 2011 Ath aDd in carryiDB oui my wmillaiioTh I have followed all the applicabl¢ Dirrfiions given by the Clwity ConThi1￿M utsder sttiion 145(5Xb) ofthe A¢i. IDdep¢Dd¢nt ¢XAnthtr'i rt•¢ement Since Dry Stone Wallin8 Associalion of Gttat Britain'$ w iD¢OT￿ ac¢eded £250,000 your ¢x8miner must be a member of 8 Ew)dy listed in 5CCtion 145 of the 2011 Act. I confirn thai l am qualifi¢d to underrake th¢ exDmiDa¢ion betawe l arn a memkn of ICAEW. which is one of th¢ li$t¢d bodiu. I h4V¢ COTnple*d my examin￿)0￿ l th•t no nmttrial mittern hAve Come w my anention in connection th the examinAtion 8iving ¢8u8e ￿ believe any material res￿￿.. l. &wountin8 r¢cordB were Jwt kept in respeci of Dry ￿Olle W#]lin8 Associ•tion of (Ireai Brilain 88 required by s¢c¢ioD 130 of the Acl. or 2. the ttceouni$ do not accord wryth those rttords" or 3. the accouns do Mt conwly wilh th¢ X¢0￿11￿g rry4uircn%nls coKernin8 the fomi and conteni ora¢co￿lS set out In ihe ch￿11¢3 (Accow)rs and Re￿(￿) R¢8u]*iion$ 2008 other thatt atty reqUiren￿l that the ¢ounts give 8 'mK aThl fair vievl Yknicb is ttoi th tnther eoD#idered ts part of ￿ iDd¢perdeDt examinlllilxl. I bave no concerns and hv¢ come across tK• other m&tM. in tonneetion vrith the examinaiion to whieh attentio should be drawm in iknis report in order w enable a proper undersrandu￿ of the accoynts lo be reached. H¢leD Holmes ICAEW Stablcs Thomp%m & Briscoc Chartered ACcoun￿ntS & Stawwry Auditors 34 Lowther Strcel Kthdal LI9 4DX Dale..... 201 Py7 Dry Stont Walling A$vbciation of Great Brfitsln ststement of Flnancial Acllvllle5 for the Year Ended 31 August 2024 Br￿th fuDds TotAI 2024 ruDds .Yole Income and Endowrnent$ frw4: Donations Ic8acie$ Ch8ritsble aetivithes Othcr tr￿Ing acti*itie Investment ir￿0 Other incoD 76.171 101.131 7.673 31550 8,913 89.361 2.734 SIKJ 1,661 117,634 190,492 10.407 800 1,661 Tothl Incon 184.975 32.550 103469 Eipendlture on: Charitable a¢iivities 184.995 24 (92.752) 1301.9641 Total F.xpendrtur¢ 184.995 2421 92,752 301,964 N¢t lexp¢ndi1ur¢lli￿Ornc (Iross transfers belweth 18 (20) 28.089 8 J33 10.717 19,030 Net nwv¢m¢nt in tht)d8 28.￿9 ,333 (17,372) 19,030 Re¢0￿¢170•160n of fllttdi Total ffijnds brou8hi forvArd Total fiu¥l8 ¢wri¢d forw4rd 316.565 64.834 179812 561,211 18 344.634 73.167 162.440 580.241 Branch fimds are y&rnted in the &eeounts u tly art not readily &tetMible by the central offic¢, b¢in8 under the Control of ih¢ rel¢vani branch ￿n￿life¢. The Th)tes on pag￿ 11 ty 27 forni an inlegd p8rt of these firthncial statemenls. Pase 8 Dry Stone Walling Association of Great Brfitain Statement of FlnaDcIAI Actfvities for the Year Ended 31 August 2024 {¢ontiDued) U*restrlcted R¢thlded Brao¢b Tot 2023 Compir*tlYe8 Income and EndowmeDtB from: Donauons alld legacies ChaTitsble activities Other trading activitiei Inveslment income Other in¢ome Note 72,459 70.068 10.880 25,(KM) 53.424 7.716 99,657 2.642 332 3,168 105,175 223,149 13,522 332 3.168 Total Incotne 78,424 113,515 345.346 Exp¢nditur¢ on: Chllritsble activities 143. C?6.7￿) 176.091} 1296.725) Totsl ExpenditUTC 143,844 76,79) 76,091 296,725 N¢t in¢ow¢ Grogs trAwf¢r8 between fiuxls 9.563 1.634 37,424 48,621 N¢1 mov¢rn¢nt in fun 41.693 1.634 5294 48,621 R¢¢oMUi4tlon of fundi Totsl fund5 brought fmv4td 274,8r2 63.200 174.518 512.590 Total fimd5 cattied fonward 18 316,565 64,834 561 179812 ￿1] I'he funds breakdowi for the CUTreni yvr WMI 2023 1$ in 18. The note¥ on pages I I to 27 fo￿ an inleyal part of these fir￿￿181 ststerrMts. Page 9 Dry Stone W411ing A￿￿1•110￿ of Great Brfitaln (Reglstratlon number: 289678) Bgl*n¢e Sheet ai at 31 August 2024 2024 2(123 Note Flxed *5sets Tangiblt assets 13 10.703 12,590 Current •Mets Sio¢ks Debtors BraThch bank i¢COUT Cath at battk and in hand 14 12,106 9,579 162,096 13,473 3.330 180.555 16 580.259 565.241 Credlton: f*lllA¥ d￿t wlthln one year 17 Net Current #Mtts het 561 F•ndi of the ¢h*rlty: Br•n¢b fund• 162.440 179,812 Reitrkied 73.167 64,834 nrejtrleted 335 832 To¢￿ fundi 18 571439 561211 The fJnattci•l stsiemettti ott pagei 8 to 27 were approved by the Inm￿¢$. and authoiised for issue on 14 De¢¢rnb¢r 2024 and sis￿d on th¢ir bBbalf by.. p aayton Trusle¢ The onpages I I to 27 form an integtai part of these fiTwKio1 ststettThts. Page 10 Dry StODe Walling Asiociation of Great Britain 'otrs to the Flnanclal StstemeDts for the Year Ended 31 AuEU8t 2024 l Accountlnz polkl The financial statcmcnts have betn prcpaTed in actordance vrith Accountsng and ReportiD8 by Chtirities.. Statem¢Dt of R¢convtxnded Pracll¢¢ appli￿ble to chariiies preparing their account$ in accordance witb the Finawial R¢porting Siandard applicabk in the UK a￿1 Republkc of Ireland (FRS 102) (effective l Janu 2019} - {Charitics SORP (FRS 1021), thc Fina￿181 R¢wrfin8 Standard app]iubl¢ in tk UK and Republic of Irel￿a {FRS 102) and the CILarities Act 2011. Basli of prepar•d• Dry Ston¢ W•llin8 Asso¢i•tion of GTeat Brit•iD 15 •D un1w￿l¢d cb•Trfy Tegisi¢t•J in Lnpjthnd AThd Wales. Th¢ addTCSS of thc r¢W5t¢r￿ officc is giv¢D on th¢ tharity infonnohon pasc of th¢9¢ fiDa￿li] statcments. The nature of the charjty's opmtiorL8 princip￿ adiTrities are to adVa￿X edwalion in the CTafi and h¢Til4¥e of dry Stone wtiuin Dry Stone WAllin8 AMoci￿10rt of 13rt•t Britsin meets the defthitiott of • public benefii ethity uDder FBS 102. Aisets and liabililies are inrtl8lly r¢¢o8tii8¢d at histtiric*J cost or trnnstietion yah￿ unless titheTWiS¢ Stated in the rtlevAlht accountin8 policy noits. The o¢¢OUtits are presented in 81¢r1￿% which is the f￿￿tiO￿l cwren¢y of the Cknrity 8nd round¢d to th¢ nearest GolDI ￿nCen1 The mLSt¢es consider that there are no m•teri41 y￿¢rfli￿llu abo￿ th¢ ¢hWi￿$ 8bilTty ¢0 CQDlinu¢ wa a going concem. Voluntsry iti¢ome includiti8 donatiotss. gifts. le88¢ies arml grants thit pyovide core 01 8re of ) geDer81 ture is rteogtiised when the clwity has ettiitlemettt ¢0 the itKOtthe, li ts probable the income will be rKeived and the amounl b¢ musur¢d with surrici¢DI t¢liability. l)onations and 1¢88ciu ate reco￿ls¢d OD a re¢¢ivabie b•sis when receipt li prob•bl¢ wrd the mnt ehtt be reliably Tr*aA￿e Gr•nts ytcei￿b4e Grants hre recognised when the eharity an eniidemeni to the ffijb￿ and Any condtti¢)ns linkcd to the grants have b¢¢n Wher¢ perfonnarKe ¢onditioo8 •r¢ 4tta¢h¢d to th¢ gr8nt are yth to be n*t. the Aticotne is tecogni8ed as a liability gTrJ ir￿h￿ed OD the ￿onCe sh¢¢i os deferred i￿Orn¢ to be rel¢8sed. Gifts in knd dollated for resale are incI￿Jed ai fair value, being the expec*d proceeds from s￿¢ less the eXp￿I¢d ¢osls of sal¢. ¢stiw*tin8 th¢ faiT value 1$ practi¢able rweipt it is recogni5ed iti Stock #nd 'In¢ome ftom ￿h¢r trading activiiie$'. Upon sale, the value of the stock is clwrg¢d a8atnst 'lncome from other traditig activities. and the procttd5 gre rec4)gmscd as 'bKotne from other tradmg ftctivities.. MTrre it is impracti¢8ble to fair vahJ¢ th¢ items due to the Vol￿ of low value lten￿ th¢y ar¢ Dot rec0￿lsCd in financial stateM￿ts Until they aTe sold. This income is tt¢0￿1$ed withi.n 'I]h¢On￿ frorn otber tsydiag activiiies.. P•8¢ 11 Dry Stone Walling Association of Great Brlt#l otes to thc FIDan¢1￿ Statements for the Ye2r Ended 31 August 2024 (coDtiDued) Do￿ted fa¢ilits"es and dth)•ted prof￿$10T￿l s¢ryitt$ are r¢¢o8wsed in irKom¢ at thmr fair value wben tbeir etOTLomie benefit is probable. it CAll be measuted ffliabty the ¢lwity bas control over the item. Fair value is detertnined on tbe ￿S1$ of the value of the ￿'fi lo the clmtity. For exaDwl¢ the amount the charity would be illin8 tD pay in the opEn for s￿h faci]ilies seNic¢s. A ¢oTTewnthng amowit is rewgnised in expendibjre. F.IpeThdltsr¢ All expenditure is recoBnised once there 1$ a le8al or ¢onstnKuv¢ obligation expenditiwe, it IB probable aettlemcnt is rcquircd and thc omDUDt can bc tnca5UTrd rtli8bty. Ail c0519 aTe a110¢oted to th¢ •ppli¢8ble ¢xpenditure headin8 that aEgre8ate similar costs ty that catcgory. Whcrr CO￿ car￿1 be di￿llY attributed to Pgrticular headin8s thty have lllocated on i b￿1$ cornrri$tent with the use of resour￿6. wqth ceJThl 8talT Costs allocated on the basis of time spenl. and depreciation cbaryes ots the portion of the a$8¢1'9 UK. Other Support co¥t¥ gr¢ ailwted bAxd on th¢ spt¢ad olsthff ¢osls Charit8bl¢ expeDth'ture eortyri5e5 those costs incurteA by the tharity in the delivery of its a¢tiviti¢s And Krvice5 for its ben¢lici8ri¢5. 11 I￿ludeS both costs that ¢an b¢ allouled diTrLtty 10 *]eh actsvitte$ aThJ thos¢ costs of 8D indirert matwe to Support thenL Gmnlprovljl ProviJioTbS for grant5 are Ttmde when the inienlion lo make & ￿3￿1 has been ¢ommuni¢at¢d to th¢ rKtpi¢nt but there is uncertainty about either the tirnin8 of the srant or the olsrattt payable. Governinct Colts Th¢se irKlwl¢ th¢ ¢osts attributable lo Ihe charity'$ with ¢onstirutional and Stht￿ory Tequtrements, includin8 audii, 9trgtC8J¢ trust¢￿ rneetings and reimbursed expen*i. Governmeffjt zr*Ytts Government grants are rec08nis￿ on the accruttl TNhkl lte Meas￿ at ihc fair vthlue of thc ussel received or Tec¢iv&ble. Grants are classified as rel•un8 either io rryenue or to Aiiets. Gr￿ts rel*iin8 to revenue are reco8nised in income ovtt the period in wthich the rela*d ¢o$ts are T¢cognisvJ. (ir4nLS relaling to &%sets are t¢¢ognised ov¢r the expectrd usefid life of the asset. Wbcre part of i grarf relatin8 to an asset is deferred ll is reco8nised as deferred llKome. T*x*tio Thc charity is ￿nsidered to pass the iests sd 0￿ in Paragraph I 6 of th¢ Finane¢ Aei 2010 and therefore it meets the definition of a charitablc COmP•Dy for UK corporntson thx purposes. A¢¢0￿1n81y, the charity 18 pol¢nlially exempt from tsxation in r¢specl of In￿rne or capitsl 8ain5 receiyed within categotic3 co)'cred by Chwptcr 3 Part I l of thc Corporation Tu Art 20IO or S¢clion 256 of the Taxation of Chargcablc Gain$ Art 1992. to the extent th&1 s￿h income or 8aiffj are in)lied ￿l￿1velY to ¢hAn"tsbl¢ purpo%s. Tatsglbie fixed ￿ets IDdiYirknl fixed w¢ts co#inB £250.00 or mor¢ aTe inilialty recorded at COSt. Pw12 Dry Stone Walling Association of Great Britain ote8 to tht Financial Stxt¢rnents for the YtAr Ended 31 August 2024 (continued) Dtpretl*tloD #Dd D¢pre¢iaiion is prtsvided on r￿ed aysets 80 as lo write otT the c￿[ OT y￿u&ll0￿ less any es[ima￿a re8idual vAlu< over their usefill eco￿0￿1¢ life a9 followa". Aiset ¢l*sJ FixDJres, fiNinBa and equipmt D¢pr¢ti•¢lo• meihod Wbd r•1• 159h rething bttlttttee ReR*rf h ind dtvelopmemt R¢5earch and develop11￿( exp￿diture is written off as iDcuThed. Current *iiel lllvutnbtDts Current a&*et inv¢sthxDts aT¢ iD¢lud¢d at th¢ low of ¢0st net w11￿ble volue l Dwk¢t value. Sto¢k Stocks are 5tal¢d at the luw¢r of aThl ¢slimy*d g¢11in8 pri¢¢ 1¢86 cos18 lo wnwl¢t¢ and Kll. Cost irKludc$ all osi8 of purchase, costs of conversion and other costs incurred in brit)gih8 Èloek ￿ ILI pr¢seni location and condition. Cost 18 ¢alculat¢d usin8 the first-in. fLrst-ouI fomwla. Provision 1$ nk8de for dama8ed, obsol¢te and #loW-n￿VIng stock wlwt apFffopriat¢. Trode debto Debtors gnd ct¢ditOTS with no 3tsted inter¢5t rate ard Tr£eiv8bl¢ or pwblc ?￿h1￿ one 4Te rewrdpa At tr•nwtion pnc¢. Any10sge$ 4risin8 from are Tecogni8ed in expenditure. Caih and equ1v￿entt Cash and cash ¢quivalent$ comprise cash on hand and ¢all d¢p06its, and other shon-tern? highly liquid inv¢$tments that arc r¢•dily conv¢rtibl¢ lo a known of cwh arc subjeet to an I￿1￿lfiCant risk of Ch￿ge in value. Tr*dt credltors Trnde credi¢or5 arc obli8atioJis lo pay for or servicts tbat havc been acquircd in the orthnary courae of busines5 frorn Suppliers. Accounts payable aTe classified ￿ curreni liabiliues if th¢ ¢hariry does not have an wironditional ri8ht. at the eTrJ of the reportW8 penod, to def¢r sdtlemew of the uediior for ai least twelve mollth$ ofier the re￿Ill￿ d*te. If there is an Ull¢onth¢loJ￿ ngkn io defer *lll¢ment fot at least twrlye ny)nths' Trode creditor$ are T£￿sn15¢d initiilly at tians•¢tion pr￿¢ and subseq￿￿lY metsured Ht ￿￿tiSed ¢ost siD8 the effective inlerESt rneW. d strurtir¢ Unrestrict¢d income funds 4r¢ 8eDual funds thai ar¢ •v4ilabl¢ for we •t the tThstees dixretiOD in furth¢ranc¢ of objcrtiVC5 of th¢ cknrity. R¢51ri¢ted in¢ome hmds are those donatrAI for use in a pani¢uiar or for S￿IfiC pwposes, the u8e of which 1$ restri¢red io thai area or p￿￿$t. Branch fimds arc scpaAtcd in thc accounts ￿ thcy arr T￿t Teadily acccM*ble by the centrDI officc ind are eontrolled by the branch ¢ornmittee$. Page 13 Dry Stone Walling AssodAtioD of Great BritaiD otes to the Flnanelal Statements for Ibe Year Ended 31 Angll$t 2024 {eontlnued) Clthsslfvaiion Financial assets r]nawial ]i8bilitic5 ate T￿08￿]5¢a wl*n ¢kniiy be¢ottY$ 8 party to the contractyal piovisioJJs of the instru￿1. Financial liabilÈti¢s and equity in¥tnE￿ts ¢l&vifia accordin8 tr¥ the substar*e of the contro¢tual arr￿geMentS cntereA1 inio. An equity instrrni is contra¢1 thai ¢vid¢rKu a [¢$ith￿l interest in the assets of the ¢h8riry afterdedwiin8 ail of its liabilitie5. i rinaDcial asgets and liabilhties are initially me&wred at transaction price (including transaction Costs), except for those fml￿181 8Sg¢L8 ¢185sified as 4t fair Val￿ through proflt or loss. which are initially mtasured at flir valu¢ (thich 1$ nonMlly the tr8n58rtion pri¢e exch￿1￿8 trottwtion ¢05ts1. wjjess thc arrangement eonstimtes fmncing tran$Ktion. If an arTIn￿ment ¢oDstityt¢$ a fuwKin8 tr•nBactLO￿ the financi8] 8s5Ct or fina￿1 liability i$ tneasured ai the prese￿ ￿1￿¢ of the p•ymerJrs discowited at a market ra￿ of interest for $imilar d¢bt instrumejit. Financial 8ssei$ ond liabiliti¢$ ar¢ only offsrt in the stst¢uMI of fJnwKial w)SiiiOA wbeN and only when there exi$is a le8Ally ¢nf¢)r¢¢abl¢ ri8ht lo s¢1 off the r¢w8Dis¢d aTh￿Unts and the ehan'ty I￿¢llds either to 8ettl¢ on a net basis, or to re￿1￿ thc osKi and settl¢ thc liab￿lty simulwwoysly. FiTwKial art der¢CO￿l￿d wh¢n only kn al the contrad￿1 ri￿ts to the cash flowi from the rinancial ll55¢t CXPlTe or are 5ciile4 b} thc chariiy tnnsfen io another party subswxially all of the ri8ks and rewards of oWnerth￿ of the financial u9cL or c) the charity, despiie hving r¢win¢d som¢. but nol 411. si&nifieant risks Ind rewArd8 of owrtership, has tr￿sferred eontrol of the assrf io another party. FinA￿lI1 liabiliti￿ 8Te d¢re￿￿L￿d only Twben ¢)bligAIM sp￿lfiel in the ¢oDtrad is dixb￿S￿, cancelled or expires. 2 Income and Uorestrleted funds G¢ntr*l Reth4rte4J BrAn¢h fuTrdJ Toi 2024 DDnatiott8 and le8icie8' Don8¢ions Gift Aid rttl4jn￿d Grarns. iticludin8 eapitsl 8ran (tovernnxnt grAn15 Grants from other cb8rities Grant5 rc¢eived by brnKbes SubKriptsoDS 3.998 8,802 8,513 12.511 8,802 17.550 15.( 17,550 Is,1) 400 63.J71 63,371 76.171 32,550 8,913 17,634 Pw14 Dry Slone Walllng Asso¢i4tlon ofGreat Brltal l%otes th thc Financial St*ten*nts for the Ye•r Ended 31 Augu$l 2024 {¢ontinued) UDrestrleted Dds GeDeril Restrlrttd nds Br*tteb fu￿1 Total 2023 DoMtion5 and lewies" Donations Gift aid reclaimcd Grants. including capital grants: Grallts from other ch8rili¢s CJranLq rettived by braKhes Subxripri0th8 1.987 8.934 4,022 8.934 25.( 25.0(K> 3,694 61.538 3.694 105.175 3 I￿e0￿* from tharltlblt Acdvltl Un￿￿rI¢l¢￿ nds Gen¢r•l Br*nth Totlll 2024 Certificati£￿ fc Trainin8 DeDwITations Bran¢h proj¢ds 8rMJ events 54,265 46,866 54.265 125.731 1,045 78,865 1.045 89.361 190492 UDrestrltted Rethlt¢ed fymds Brioeh Totil 2023 Ceo¢r C.ertifKatiott fees TT4ining Demonstratio Pcndlc Hill Brpn¢b projects atHI ¢vents HLF Greett Recovery Challenge 34,844 119.856 600 3.974 12.025 31824 87.032 41x1 3.574 12.025 49,850 99,657 223 149 Page IS Dry Stone Walllng AJso¢lathiD of Great Britain Notes to the Finan¢i21 Statenbenls for the Yev Ended 31 Augu$t 2024 {CODtiDued) 4 l•¢ome from othv tr•diNg *¢tiviti¢s UyJreslYi¢led furtd5 Gener*] Brllleb fun TotAI 2024 TFadin8 itiCOn*: e8 of goods othcr serviecs Sponsorship Incon Lottcrics and comp¢tttion¥ iwome 6,980 2.634 i(x) 9,614 100 693 693 7,673 Unrutrleted fuDds Coneral TotAI 2023 Trading in¢orne,' SAIc5 of goods and othcr services IK&tt¢Ti¢s and ¢ompetitLQlkl iIicome 10,389 491 2,642 13,031 491 S IDV¢•tu*llt ID¢OIII¢ Brntt¢h Totil 2024 Interest Textivable Simil￿ iiicome: Interesi rettivable on bank deposits 800 8(KJ 800 Braoeh IIiDdi TotAI 2023 Interest receiwablc and similar in¢om¢' Int¢r¢st receivabl¢ on bank deposi1$ 332 332 332 332 6 Other In¢oJ Brlneh funds TotRI 2024 Other brnnch in¢ort 1,661 1,661 Pw16 Dry StODe Walling knociation of Great Brttain otes to the FiDancial Statements for the Year Ended 31 August 2024 (continued) Br#llth TotAI 2023 Other branch iDcome 3,168 3,168 7 Exptnditllre oll eh#rlt*ble *¢tivlti Unrestrkled fwi General BrADth Total 2024 funds Awprds and demoJutrAuon8 C¢rtifi¢aiion s¢h¢m¢ Training Leatlets. joumais thd¥crtiSilh Pwch8se$ tsf 8ood8 for resale (adj for stock) R¢strictcd projects (8¢¢ fvDds note) BTAnch equiprr¢ni 4dverri8ing aThl ev¢n 17.707 17,707 49.748 63,548 4,898 49.748 22,171 4.898 41,377 7.192 929 8,121 24217 24217 19.811 3.379 5.318 4,025 BTon¢h donation8 Other bf￿h costs GoyernA￿e C(*ts W8ges And saltrie8 Rent and rates Office m8inlenance ODd coniracts Insurance Sthtiotw, ielephonr ADd PD5ta¥c Bank ¢hargeA fj¢nml trwvcl ¢XWL D¢pre¢ialion 3.379 5.318 12.685 62.775 9.602 5.891 2,683 5,561 3,926 207 62,775 5.891 2.683 SJ61 3,720 207 1.887 2C 184.995 24217 92,752 301.964 Page 17 Dry Stone W*lllllg AMoci*tioD of Great Britain Note5 to the Financial Statements for the Year Ended 31 August 2024 (CODtinued) funds General Rejtrlcted *dx Br*lleh Total 21123 AN*rds and demott8ttation8 Certifhcation 5cherne Tr8inin8 t£aflets. journals and adv¢rtisin8 Purch4%$ of goods for resale (adj for stock) Restrickd projectx Isce funds note) Brorteh equipTf*nC adverti8in8 events 293 19,674 15,966 10,822 7.266 7.559 19,674 56.295 10.822 40.329 8.888 1.805 10.693 57.231 57.231 15.667 2,156 5,643 15,667 2,156 5.643 16,344 60,994 1,914 9,694 5,373 2,324 8.841 3,180 Br8￿h donations Oth¢r br8rKh ¢osts Go¥￿￿*￿¢¢ w¥is Wa8¢8 and s•lari•8 Frcelancc TEC athd Lkvclopwt Rent Taiei Offirx ￿￿]ntenance sryl wntracts Insuran¢¢ Srolionery, t¢lepboD¢ ood posts¥e Bank ch4T8es Gener81 ￿Ve] expetyes DePr￿jAtIOn 13.354 41.435 1,914 9,694 SJ73 2J24 8.841 2.945 19.559 235 296 725 Page 18 Dry Stone Walling AsJoci*tiOD of Greal Britain Note5 to the Finan¢lAI Ststements for the Year Ended 31 August 2024 (Continued> Aetivity wid¢rtAkeD Aelfvlty g¥pport rtty 2024 AwArd& events and de￿IDstratIon$ Certi￿4110￿ scheme TTatnin8 Leane1& journals WMI advcrtising Purchwxs of good5 for resÉ1¢ Re5triGtcd projects Isce not¢) Branch equipmen( adv¢rti$in8 atwl ¢veAts Branch donations Othcr branch co Governa1￿￿ ¢08ts was￿ and &#larie8 Renl and r8kJ Office m&iDtcnane¢ BDd CODtrart8 IJL8urADce Stationery, tel¢phoDe and po$i88e B¥nk ¢har8 General tr•vel expenses D¢pre¢ialion 17.707 49.748 63.548 4.898 8.121 24.217 19.811 3.379 5J18 17,707 49,748 63.548 4.898 8.121 24217 19.811 3 J79 SJ18 12.685 62,775 9,602 5.891 2.683 5.561 3.926 207 12,68S 62.775 9,602 5,891 2,683 5.561 3.926 207 105 217 Py19 Dry Stone Walllng Asso¢lxtioD of Gre*t Britain Notes to the statell￿nts for tbe Year Ended 31 Avgust 2024 (continued) A¢tiwity undert&k¢n dlr¢¢Oy A¢tsvity pport eirfts 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 99 2222 C¢rlifi￿I10n Trainin8 i£afl¢i$, journals and advenisitig Pwchases of gth)th for r¢Mle Restri¢ied projeci${see fuTth notc) Branch cquipmenL advertisin8 aThl events BTanch donBtions Other branch costs Crfjverna￿C ¢osts W4gcs 8Th1 $018Ties Fr¢elan¢¢ TEC and DevelopTttni Reni and rnies OtTi¢e mailltenattce e4)ntrX 13,354 41,435 19.559 1.914 9,694 SJ73 2J24 8,841 3,180 Srationery. ielepknne 8Dd W¥g¢ Bank ¢hrg¢s General trav¢1 ¢xpense$ Depre¢i•lion 2.222 210203 86,522 296,725 8 Anilyth of ￿ve￿an¢t ADd •wbpDrt ¢fjsts Governince colts Unrestritt¢d d$ Gtntr*l Restrlcted TotAI 21124 lThlepcndeNI examincr fccs Examination of the financial Other fe¢5 P8id to fxainin Tn]$tee8 remunerdtioD a￿1 ¢xpeD8es l£Bal fees Treasur&8 ftc5 C05t of tA￿tErs. Tneetiw and AGM 3205 703 1.565 3.203 703 1.565 692 2,180 315 2.180 315 Py20 Dry Stone W*lling As$o¢i*tion of Great Britsin Notrs to the Financial StateD￿nts for the Year Ended 31 Augu$t 2024 {¢ontlnued) U*rutrktsd Total 2023 Independ￿1 cxaminer ftts Examination of the firAwial slat¢menis Other fccs paid to ¢xamioe 3.383 3.383 686 2,020 .639 4,337 1289 13,354 2,020 1,639 4,337 1.289 L¢gal fees Tr¢osurerfs fees Cosi oftrusie¢s' nvlin88 and AGM 13.354 9 lDtonTr1n￿0irtgoIng rewurces Nei Incon￿n8 resources lor thc yCBr inclth.. 2024 2023 DwKi¥lion offixcd Assets 1887 ￿22 IQ Trusttts re￿￿￿erstOo￿ •nd txpew Durin8 the y¢or the ¢knrity made the followin8 tr￿uctio￿ with tr￿1¢￿.. T BIAekwtll T Bla¢kivell rettived Examiner f¢ewlnstrpx¢or Trniniti8 Tutor CO￿ of £1.711 (2023.. £Nil) and £48 {2023.. £IOOl of cxpcnses were reimbwsed io T Blaekiyell during the year. B H*rtl¢y £19612023.. £438) of ¢xpMxs w¢r¢ reimbursed ￿ B Ilartky th￿In0 the ytsr. P CIAyt• £Nil12023.. £636) ofexp¢Ds¢¥ w¢r¢ r¢io*urxd ￿ P Cknywn thwing the ￿. P lihtrwood P lthenvoud rec¢iv￿ Ex•min¢r Trainin8 TuroT CO8t8 of£6,133 {2023: £3,063) during the year. A Loud• A tA)udon received Examin¢T re￿InStr￿lOr Training Tu￿1 costs of £11310 (2023.. £10,833) llnd £457 (2023.. £457) of ¢xp¢n8cs wer¢ reitnbursed kn A Loth durin8 the y￿. J Tiyior £149 (2023.. £300) of exp¢nse8 were Yeirnbwscd to J Taylor during thE yt4r. L Nfjbl¢ L Nobl¢ Te¢eived Examiner fe¢¥AnsknJ￿or Trnining Tutor cl￿ts of £2.610 {2023.. £Niil and £228 (2023: £89) of ex￿n8¢S were reimbw5cd to L Noblc durin8 the year. C Yoble C Noble reccivcd Examiner feeskntor TraiDiD8 TutOT ¢OSts of £2,184 (2023.. £405) during th¢ y¢Ar. J Gwlllllm £459 {2023: £Nil) of¢xpeJLS¢S were reimbvrsed to J Gwill1￿ dwing the year. B Martindalt £82 (2023: £Nil} of expenses wtte reItn￿ lo B during the ￿. Page21 Dry Stone W211ing AssotlAilon of Great Britain Notss to tbe Fin#Dcial Statements for the Year Ended 31 August 2024 (¢oDthiued) No tNst¢es h&ve Tee¢ived any other benefits fTQTn th¢ ckniry thriug the year. The ire&wrer, tho is not forn￿lIy a ttu8ttt. is a frttJarKe conWIta￿ aNI received £2,180 {2023 - £3,461) for ting as treasurer 4nd £1,036 (2023 - £3.5181 for th¢ Tol¢ of freelgwx Training & Educatiott CoordinatOT and assistanc¢ on restricted proje¢is. 11 Staff costl Th¢ ag8r¢gale p8ymll costs w*re u lollowl.. 2024 2023 Staff eosts durkng tb¢ year were: Wages and salarie8 PeTh8iOn eoits 61.777 998 60.594 41 The monthly av•rn8e nurnber of li￿1￿]ng senior mana8eft￿t I ltsdernhip It￿￿} employd by the harity during the ycar expressed as ￿] lime equivalents was &$ follow5.. 2(124 2023 Administrahen Projea c08ts 212023- 1) of the atr#)ve ewgoloyeu partA¢ipated in the D¢fw¢d CoDtribution Pen¥ion S¢hemes. Cotltributions to th¢ ¢rllployc¢ peNion ￿heMeS for th¢ yur ts)t8llel £998 {2023- £934). No employee teccivcd c[￿l￿MentS of thaD £60. 20 Rel#ted party tranJ*ctiomJ TheTC w¢rr no ￿latro party ID the ye4r. Page 27