TWINBERROW FOUNDATION (Registered Charity No. 301524} ANNUAL REPORT AND ACCOUNTS- 2023124 Trustee: Dursley Town Council Correspondent: Mr John Kay Clerk to the Trustee Twinberrow Foundation Dursley Town Council Jacob's House Castle Street Dursley Glos GL114BS Tel 01453 547758 www.dursleytowncouncil.gov.uk Members of Twinberrow Foundation durin ar 2023124.. Mr S Ackroyd 36 Woodmancote, Dursley GL114AQ Mrs D Cornell 4 Prospect Place, Dursley, GL114JL Mrs S Creswick 3 The Slade, Dursley, GL114JX Mr K Eales 6 Foundry Rise, Dursley. GL114HJ Mr P Hayes 1 Cedar Drive, Dursley, GL114EB MrDHom 5 The Knapp, Dursley, GL114BT Ms T Kinnison 17 Lawrence Grove, Dursley, GL114EY Ms M-J Stennett 28 Oak Drive, Dursley, GL114DX Mrs L V Patrick 30 Oak Drive, Dursley, GL114DX Mr M Patrick 30 Oak Drive, Dursley, GL114DX Mr J Rubin Ormond House, 13 Bull Pitch, Dursley, GL114NG Ms D Savvidou Flat 5, Anvil Court, Rosebery Rd, GL114PS Dr A Stennett 28 Oak Drive, Dursley, GL114DX Mr T Stride 26 School Road, Dursley, GL114PB Mrs W Thomas The Old School House, Dursley. GL114JE Mrs A Woodward 41 Severn Road, Woodfield, Dursley, GL116NG Mr T White The Hollies, Parsonage St, Dursley, GL114EA Property." {1} Freehold woodlands known as Bolton and Gravel Pit Woods in the Parish of Dursley, having an area of 24 acres or thereabouts (original endowment 19331, (2) Enclosure 1595 in the Parish of Dursley (purchased 1983), (3) Enclosure 9600 in the Parish of Dursley having an area of 1.065 acres or thereabout5 (purchased 19851 and14} Enclosure 1500 in the Parish of Dur51ey {purchased 1994). (5) Freehold woodlands known as Hermitage Woodland, in the parish of Dursley, having an area of 36.82 acres (Purchased 2023) Purpose: To be kept as nalural woodland and not to be built on and used solely for the recreation of the inhabitants of the Parish of Dursley and the neighbourhood Ihereof. Application of income: (i) After payment of any expenses of administration, the net income of the Foundation shall be applied by the Foundation in the maintenan of the property used for the purposes of the Foundation and the provision of facilities and amenities for recreation, including the acquisition of additional propety for the Foundation, for the inhabitants of the Parish of Dursley and the neighbourhood thereof. Insofar as, in Ihe opinion of the Foundation, the net income of the Foundation cannot be usefully and beneficially applied in accordance with the provisions of the last foregoing sub-clause, it may be applied for such charitable purposes for the benefit of the inhabitants of the Parish of Dursley and the neighbourhood thereof as the Foundation may determine. Activities during the year: The Annual meeting of the Twinberrow Foundation was held on 23rd January 2024 with other meetings held on 4th April 2023, 4th July 2023 and 5th September 2023. Alex Stennett was re-e1e￿ed Chair of the Foundation and Terri Kinnison re- elected Vice-chair at the annual meeting. Routine inspeclions carried out by Woodland Manager and urgent maintenance works carried out. This included substantial urgent tree works to the value of£12.4k. At the meeting of 51h September the Foundation resolved to but Hermitage Woodland, the purchase was completed on the 291h November 2023. The total expenditure including fees was £144.2k. The Sculpture Trail has seen new exhibits added and ongoing maintenance of existing ones carried out. The Foundation has invested a lotal of £3.5k towards the trail. The Foundation re￿iVed a bequest of £405k from a member of the community in 2024, the lale Mr Martin Genner. The Foundation took the decision to invest a total of £240k with the Public Sector Deposit Fund and have received a total of £5.7k in interest payments in 2023124. TWINBERROW FOUNDATION ACCOUNTS 11412023- 311312024 INCOME 2022123 £0.00 £0.00 £3,000.00 2023124 £5,693.64 £0.00 £405,928.00 Bank Interest Sale of wood GranUBequest £3,000.00 Total Income £411,621.64 EXPENDITURE Maintenan Insurance Purchase of Woodland Sculpture Trail £ 95.09 £ 455.48 £ 0.00 £ 0.00 £12,432.00 £609.28 £144,280.19 £3,595.80 £ 560.57 Total Expenditure £160,917.27 £2,449.43 Difference £250,704.37 BALANCE SHEET @ 31 March 2024 £11,728.25 0.00 £11,728.25 Lloyds Bank Acc Public Sector Deposit Fund £22,432.62 £240 000.00 £262,432.62 represented by Accumulated Fund Surplus at Year End £9,278.82 £2 449.43 £11,728.25 £250 704. £11,728.25 £262,432.62 TWINBERROW FOUNDATION Registered Charity No. 301524 BALANCE SHEET AS AT 31 MARCH 2024 {contlnued) Independent examinor's report lo the trustees of Dursley Town Trust I report to the trustees on my examination of the accounts of the Twinberrow Foundation (the Foundation) for tho year ended 31 March 2024. Responslbillties and basis of r8POrt As the charity trustees of the Foundation you 8re responsible for the preparadon of the accounts in accordance with the requirernents of the Charities Act 2011 ('the Act,). I report in respect of my examlnation of the Foundation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Diredions given by the Charlty Commission under section 145(5)(b) of the Act. Independent examln8r's 8tatement I have completed my examination. I confimi that no materi81 matters have come to my attention in connection with the examination giving m8 cause to bglieve that in any material respect: Accounting records were not kept in respect of the Foundation as required by section 130 of the Act., or The accounts do not accord with those records. I have no concems and have come across no other matters in connection with the examination to which attentlon should be drawn in this report In order to enable a proper understanding of the accounts to be reached. Signed.. Name.. h&1 C4+othS EST Addr8ss: A31fvkkJ +loiJSE , tS4lMEèb, C*M , &LrfSLfi, GLaS . Guil