Charity Registration Number 328458 THE PETER SMITH CHARITABLE TRUST FOR NATURE TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 THE PETER SMITH CHARITABLE TRUST FOR NATURE LEGAL AND ADMINISTRATIVE INFORMATION Trustees P Smith S Smith P Brituebank J P Cowlishaw Charity number 328458 Principal address The Old Reclory Hills End Eversholl Milton Keynes MK17 gDR Independent Examiner Stephen J Wilson Upton Wilson Ltd 3 West Street Leighton Buzzard Bedfordshire LU71DA THE PETER SMITH CHARITABLE TRUST FOR NATURE CONTENTS Page Trustees report Independent examiners, report Statemenl of financial activities Balance sheet Notes to the financial statements THE PETER SMITH CHARITABLE TRUST FOR NATURE TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their report and accounts for the year ended 31 Decem ber 2023. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Irust's deed, the Charities Act 2011 and the Statement of Recommended Practice "Accounting and Reporting by Charilies" issued in March 2005. Structure, governance and management The trust was established by a charitable trust deed on 29 November 1989. The trust's objects are to raise funds which are donated to charitable organisations in support of wildlrfe. The trustees who served during the year were: P Smith S Smith P Brittlebank J P Cowlishaw The trustees are nominated by other trustees and must be approved at a trustees, meeting. When looking for new trustees to nominate the trustees consider the skills and knowledge of the new trustees. New trustees receive training from existing trustees regarding the objectives and operation of the trust. They also gain an understanding of their legal obligations wtth reg2rd to charity law and the structure of the trust. They are advised of appropriate training courses and are encouraged to attend. The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to major risks. Objectives and activities The aim of the charity is to support wildlife at home and overseas. The objectives for the year are to continue its work in supporting wildlrfe despite the economic environment which limits the resources available. The trust continues to raise awareness of its work and. in doing so. promoles fundraising and projects. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake. The trust continued to make donations to other charitable orgainisations in support of wildlrfe both in the UK and overseas. THE PETER SMITH CHARITABLE TRUST FOR NATURE TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED) Financial review The trust received income during the year which enabled it to continue its conservation work. It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to belween three and six month's expenditure. The trustees consider thal reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the trust's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. On behalf of the trustees P Smith Trust Dated.. 5 February 2024 THE PETER SMITH CHARITABLE TRUST FOR NATURE INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF THE PETER SMITH CHARITABLE TRUST FOR NATURE I report on the accounts of the trust for the year ended 31 December 2023. which are sel out on pages 4106. Respective responsibilities of trustees and examiner The charily's trustees are responsible for the preparation of the accounts. The charivs trustees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to= examine the accounts under section 145 of the 2011 Acl= to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011Act. and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. Commission under Section 145(5)Ib) of the Act and to be found in Ihe Church Guidance. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presenled with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees Con￿rning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination. no matter has come to my attention: {1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act, have not been met" or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached JLL Stephen J Wilson Upton Wilson Ltd Chartered Certified Accountants 3 West Street Leighton Buzzard Bedfordshire LU71DA THE PETER SMITH CHARITABLE TRUST FOR NATURE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Incoming resources Incoming reSoUr￿S from charitable activities 125,000 125,000 Resources expended Charitable activities Donations to wildlife beneficiaries 414,538 298,427 Total charitable expenditure 414,538 298,427 Governance costs 480 Total resources expended 415,018 298,907 Net (outgoing) resources Net movement in funds (290,018) (173,907) Fund balances at 1 January 2023 629,091 802,998 Fund balances at 31 December 2023 339,073 629,091 THE PETER SMITH CHARITABLE TRUST FOR NATURE BALANCE SHEET AS A T 31 DECEMBER 2023 2023 2022 Notes Currrent assets Cash at bank and in hand 339,553 629,571 Creditors: amounts falling due within one year (480) (480) Total assets less current liabilities 339,073 629,091 Income funds Unrestricted funds 339,073 629,091 The accounts were approved b trustees on 5 February 2024 P Smith Trustee THE PETER SMITH CHARITABLE TRUST FOR NATURE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordan￿ with applicable accounting standards, the Statement of Recommended Practice, "Accounling and Reporting by Charities" issued in March 2005 and the Charities Act 2011. Incoming resources from charitable actiV4ties 2023 2022 Gift aid Gift aid - tax recoverable 100,000 25,000 100,000 25,000 125.000 125,000 Total resources expended 2023 2022 Donations to wildlife beneficiaries 414,538 298,427 Governance costs Management and administration 480 480 415,018 298,907 Trustees None of the trustees (or any persons connected wth them) received any remuneration during the year. Employees There were no employees during the year. Creditors: amounts falling due within one year 2023 2022 Accruals 480 480