Charity Registration Number 328458 THE PETER SMITH CHARITABLE TRUST FOR NATURE TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE PETER SMITH CHARITABLE TRUST FOR NATURE LEGAL AND ADMINISTRATIVE INFORMATION Trustees P Smith S Smith P Brittlebank J P Co￿lshaW Charity number 328458 Prlnclpal address The Old Rectory Hills End Eversholt Milton Keynes MK17 9DR Independent Examiner Stephen J Wilson Upton Wilson Ltd 3 West Street Leighton Buzzard Bedfordshire LU7 1DA THE PETER SMITH CHARITABLE TRUST FOR NATURE CONTENTS Page Trustees report Independent examiners. report Statement 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 2024 The trustees preseni their report and accounts for the year ended 31 December 20234 The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the trust's deed, the Charities Act 2011 and the Statement of Recommended Practice 'Accounting and Reporting by Charities" 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 wildlife. The trustees who served during the year were: P Smith S Smith P Brittlebank J P Cowlishaw The trustees are nom inated 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 with regard 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. Objectlves and actlvities The aim of the charity is to support wildlrfe at home and overseas. The objectives for the year are to continue its work in supporting wildlife despite the economic environment which limits the resources available. The trust continues to raise awareness of its work and, in doing so. promotes 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 twst continued to make donations to other charitsble orgainisations in support of wildlife both in the UK and overseas. THE PETER SMITH CHARITABLE TRUST FOR NATURE TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (CONTINUED) Financial revlew 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 specrfic use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that. in the event of a signrficant 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 Trustee Date h February 2025 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 2024, which are set out on pages 4t06. Respective responsibilities of trustees and examiner The charitrfs trustees are responsible for the preparation of the accounts. The charitys trustees consider that an audit is not required for this year under section 14412) of the Charities Act 2011 (the 2011 Act) and that an independent exaniination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act: 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)(b> of the Act and to be found in the Church Guidance. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning 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 examinerfs 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 Stèphen J Wilson Upton Wilson Ltd Chartered Certffied 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 2024 2024 2023 Notes Incomlng resources Incoming resources from charitable activities 125,000 125,000 Resources expended Charltable actlvltles Donations to wildlife beneficiaries 306.717 414.538 Total charitable expendlture 306.717 414,538 Governance costs 480 Total resources expended 307.197 415.018 Net (outgoing) resources Net movement in funds (182,197) {290,018) Fund balances at 1 January 2023 339.073 629.091 Fund balances at 31 December 2023 156,876 339,073 THE PETER SMITH CHARITABLE TRUST FOR NATURE BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Notes Currrent assets Cash at bank and in hand 157,356 339.553 Creditors: amounts falllng due within one year (480) (480) Total assots less current Ilabllltles 156,876 339.073 Income funds Unrestricted funds 156,876 339,073 Thea ount were appro by the trustees on 6th February 2025 P Smith Trustee THE PETER SMITH CHARITABLE TRUST FOR NATURE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES 1.1 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, 'Accounting and Reporting by Charities" issued in March 2005 and the Charities Act 2011. Incomlng resources from charltable actlvltles 2024 2023 Gift aid Gift aid - tax recoverable 100,000 25,000 100,000 25,000 125,000 125.000 Total resources expended 2024 2023 Donations to wildlife beneficiaries 306.717 414,538 Governance costs Management and administration 307,197 415,018 Trustees None of the trustees (or any persons connected wrth them) received any remuneration during the year. Employees There were no employees during the year. Creditors: amounts falling due within one year 2024 2023 Accruals