Company registration number.. 02453076 Charity registration nurnber.. 702488 Kemerton Conservation Trust (A company limited by guarantee) Annual Report and Financial Statements tor the Year Ended 31 March 2025 Devereux & Hunt Ltd 51 Basepoint Business Centre Oakfield Close 'I"¢wkesbury Glos GL20 8SD
Kemerton Conservation Trust Contents Reference and Adrninistrative Details Governors Report 2to7 Independent Examinevs Report Statement of Financial Activities Balance Sheet io Notes to the Financial Statements 11 to 19
Kemeiton Conservation Trust Refeitnce and Administi'ative Details Trustees . Adrian Darby Matthew Darby Peter Doble Peter Mae Rosemary Wir)nall Roger Umpelby Secretary Kate Aubury Charity Registration Number 702488 Company Registrntion Number 02453076 Registered Office Kemerton Court Kemerton Tewkesbury Glos GL20 7HY Independent E5aminer Devereux & Hunt Ltd 51 Basepoint Business Centre Oakfield Close Tewk-esbury Glos GL20 8SD Solicitor5: Thomson and Banoks 27 Church Street 'I'ewkesbury Glos GL20 5RH Page I
Kemerton Conseivation Ti'ust Govei'nors, Report The Governors present their report and financial statements for the year ended 31 st March 2025. Reference and Administrative Information Reference and administrative infotmation is set out on page l. Objectives and Activities The 'l'rust was founded by Adrian Darby OBE for the charitable objective of the conservation of fauna and flora and ot. places ot. natlwal and cultivated beauty tor the publiG iKnetit in Heretordshire, Worcestershire, Gloucestershire and adjoining counties. Publtc Benefit The Tn seeks to realize this publio benefit through all the activities listed below. It provides access to nature reserves. manages sites to prornote their biodiversity, carries out surveys of plants and animals, conducts research into biodiversity conservation, en8a8es in infomial educatio and provides opp)rtunities for volunteers to participate in these activities. It sometimes promotes its charitable objectives by rnaking submissions to national and local government. The oore aims ot the charity are reviewed )nUalLY. The Govemors confirni that they have cornplied with the requirement of Section 4 of the Charities Act 2011 to have due re8aTd to the public benefit 8uid8nce published by the Charity Commission tor England and Wales. Struethre, Governance and Management The Gov¢mors have taken advantage of the exemption from an audit confeed by section 249A(l) of the Con]panies Act 1985 and the fllwicial statements for the year are unaudile¢l The company was incorporated as 'Kernerton 'L'rustees Limited, on 15th December 1989 as a company which is limited by guarantee. the liability of each memixr on winding up king limited to £1. It is govemed by its memorandum and articles of association. The company Was registered as a charity on 24th January 1990. The company's name was changed to 'Kemerton Conservation Trust, on 25th June 1999. The dir¢¢tOTS of the company are also charity trustees for the purposes of charity law, and under the company's Articles are known as mernEers of the management committee. The trustees are elected at General Meetings for an indefll)ite ttriod and are not required to retire. They may co-opt new trustees and provide details at the following meeting. The diTectors and trustees are referred to throughout tkn's report as the Governors. Statement of Governors, responsibilities Company and charity law requires the Governors to prepare financial statements for each fmancial year Nthi¢h give a true and fair view of the state of the oharity and of the surplus or deficit of the charity for that period. In Preping those fmancial statements, the Governors are required to.. - select suitable accounting EK)licies and then apply them consistently. - rnake judgements and estimates that are reasonable and prudent. prepare the financial statements on the 80in8 concem basis lesS it is inappropriate to presume that the charity will continue in business. Page 2
Kemerton Conservation Trust Governoi%' Report The Governors have overall Testx)nsibility for ensuring that the charity has an appropriate system of controls, fmancial and otherwise. They are also responsible for keepin8 woper accounting rordS which disclose with reasonable acouraoy at any time the financial position of the charity, td enable the Govemors to ensure that the tinancial statements comply with the Companies Act 1985. The Governors are also responsible tor sateguarding the assets of the charity and for taking reasonable steps to prevent and detect fraud and other iLTegularities. The Govemors have formulated p)lioies in respect ot" Financial Reserves, Risk Mana8ernent, Safeguardin8 and Health and Safety. These EK>licies are reviewed annually. The Govemors are responsible for establishing the company's strategy, but day to day management is delegated to Govemors Matthew Darby. Adrian Darby, and Peter Doble. Financial Reserves The reserve fund represents the funds arising from past opeiating iesults. It is the lon8-tenn policy of the Governors to hold reserves eqjivalent to between six months, and two years, recurrent cash expenditure. Accountants The Governors have apFK)inted Michele DevereuN of DeV¢reX & Hunt Ltd as the Trust's accountant and recommend that she remains in the role tor the following year. Special provisions This report is prepared in acoordance with the special provisions of Part Vll of the Companies Act 1985 relating to small companies. CHAIRMAN'S REPORT ON AcHVEmENrS Af4D PERFORMANCE tkning its thirty-third full year, Kemerton Conservation Trust continued to work in the areas identified in previous years, repoTts. Income & Expenditure The company Teceived cash grants and donations totallin8 £23.058 during the year (compared with £19.801 in the previous year). This was placed on detK)Sit until such time as it was required. The total interest earned during the year was £1,202 (compared with £993 in the previous year). Income from charitable activities was £16,435 (compared with £15.018 in the previous year). EXndItuTe on charitable activities (general conservation work) was £44.762 (compared with £23,010 in the previous year). Most of the land owmed by the Tnt, apart from three parcels of Twyning Ham purchased in 2023, was eligible for BPS. the fomier EU fam]ing subsidy which was worth £8,419 in 2020. Following Brexit, this subsidy ivas progressively reduced and has now been replaced by 'delinked payrnents, which are soheduled to continue until 2027. KCT received a delinked payment of £4.210.56 in the calendar year 2024 and is due to receive £2,021.07 in 2025. The 8overntnent has not yet announced the payment rates for 2026 and 2027. The Trust's owned sites Daffurns Orchard The Trust owns a 0.7-acTe traditional or¢hard at the north-west edge of the village of Kemerton. It was purchased in 2000 using funds raised by the Darby family and by public appeal. The orchard is open to the public. During the year to 3 1st March 2025, regular maintenance work has been oarried out in the orchard by local volunteers (Kemerton Orchard Workers). by the Tn'S Voluntary Warden, by volunteer working parties and by Kemerton Estate's hedge Cutting oontractor. A new thed was installed onsite to store the orchard tools and equipment. Page 3
Kemerton conseation Ti'ust Governoi?, Report John Moore Nature Reserve The Trust ow)s a 1.3-acre woodland on the south-east ed8e of the village of Kemerton. The reserve was originally established by Lucille Bell in memory of her forn]er husband, the well-known countyside riter and Kenrton resident John Moore. It was donated to the Tntst in 2001. Part of the reserve is open to the publio. tkning the yeaT to 3 1st March 2025, regular maintenance work has been caled out by the Trust's Voluntary Warden and by volunteer work parties. U ham Mvddow SSSI also known as T Flood meadom's are a rare priority habitat with less than 3.700 acres surviving across the UK. All the meadows listed below are rnanaged in a traditional manner with hay cut during surnmer and the aftern]ath 8razed in common. The Trust owns five parcels of land in Upham Meadow, a 'Lammas' flood meadow on the River Avon west of Bredon. which together total 33.1 acres. Through this oNerShIp. the 'l'rust has also acquired 8razing rights over common land around 'l'Myning. The meadow is ot. particular imtK)rtance tor breeding curlew and the Tnist, land is included in a major Curlew recovery project led by WWT Slimbridge. Two of the five parcels are in an Environtnenlal Stewardship Higher Level Scheme GLS) administered by the Twyning Pasture Holders. Upham Meadow is designated as Open Access land under the CROW Act 2000. During the year to 31st March 2025, the Trust undertook ragwort pulling on its land and liaised with the TnIng Pasture Holders. The Trust received payrnent for HLS and investigated whether the three parcels wbich were not in the HLS agreement might be eligible for fimdin8 under th¢ Sustainable Farming Initiative. U ton Ham SSSI The 'l'rust owls four parcels of land at Upton Ham flood meadow on the River Severn adjacent to Uplon utx)n Sevenl which together total 18.9 acres. The meadow is designated SSSI for its distinctive flora. The site is of particular importance for breeding curlew and is included in a major curlew recovery project led by wwr Slin]bridge. All the parcels are included in a Countyside Stewardship HIer Tier Scheme (CS) administered by the Trust. The land can be accessed via publiG footpaths. During the year to 3 1st March 2025, the Trust received payment for CS. sold the standing hay crop, and let out the aftemiath grazing. Asham Meadow The 'l'rust two parcels ot land in Asham Meadow, a 'Lammas' flood meadow on the River Avon at Birlin8ham. which together total 13.8 acres. The rneadow is imFK)rtant as a breeding Slte for curlew and is included in a major Curlew recovery project led by WW'L. SlimbTidge. The land is designated as Open Access under the CROW Act 2000. During the yeaT tr> 3 1st March 2025. the 'lrust sold the standin8 hay crop and received a small payment for letting out the fishing rigJ]ts along the river fronta8e. The Aslwn Haywarden was unable to find a grazier to rent the afterrnath grazing. The Trust investigated whether the land might be ellble lor fimding under the Sustainable Farming Initiative. Pa8e 4
Kemerton Conseiwation Ti'ust Governors, Report The Trust's leased sltes Lake Nature Reserve LWS The 'l'rust leases rnana8ement rights at Kemerton Lake from Governor Matthew Darby. The tem] of the lease is 2014-2034 and the rent is a peppercorn. The site covers 46.7 acres, and comprises a 16-aore lake, reed beds, fen, calcareous grassland, wet rneadow, woodland, scrub and land cultivated for rare arable plants. It is home to a variety of scarce plants and animals. It is an Ark site for endangered, white-clawed Crayfish. It is particularly notable for its 20+ species of dragonfly and damselfly, 7 species of orchid and wintering wildfowl. tn total, 184 bird species have en recorded at the site. It is designated as a Local Wildlife Site (LWS) in WoT¢estershire. The habitat is nwnaged by the Trust's Voluntary Warden and work parties, th heavier tasks, such as periodic scrub control, Caled out by the Trust's contractors. In addition to the conservation work carried out by the Trust. the Kemerton Estate CaleS out habitat management under Countryside Steivardship, such as cultivating areas for Tare arable plants. The reserve is accessed by means ot public and pennissive tootpaths. It is very popular with the public who have unrestricted access to a Ix)ardwalk and hide on the west side of the lake (opened in 2016). Members of the Trust have additional access to hides on the east and northwest sides of the lake and pennissive paths throu8h nei8hbourin8 woodland Etlonging to Kemerton Estate. In the year to 31 st March 2025. two major projects were completed on site. The Woodland Grazing and Visitor Improvement FIPL Project involved fencin8 the perirneler of Lake Walk to facilitate woodland catllc grazin8. along with Thildfiower planting and visitor improvements. The Aquatic Habitst Creation & Restoration Project included installation of a new drainage pipe in the reed lagoon, habitat improvement and eDNA testing of aquatic vertebrates. Both projects involved KCT'S volunteers. arbo s Nature Reserve The Trust leases mana8ernent rights at Beggarboys from Governor Matthew Darby. The temi of the lease is 2014-2034 and the rent is a peppercorn. The site covers 9.3 acres and oomprises a mos&ic of wetland, woodland and grassland habilats. There is no unsupervised public access. and the quiet. secluded location is of particular nefit to 74qldlife. The site has undergone major restoration works in recenl years. Annual managernent involves scrub control and the cuttin8 and removal of herbaceous vegetation. This is largely Caled out by the Trust's Voluntary Warden and volunteer work parties. Contractors are used tor heavier tssks such as perioth"c scrub control. In the year to 31 st March 2025, a small jetty was installed to enable the )nd to be accessed by b)at. manageDnt Agreent with the Kemerton Estate The TTUSt is the beneficiary of a Management Agreement with Kemerton Estate Partnerthip (a farming partnership between Governors Adrian Darby and Matthew Darby). The tenn of the agreement is 2022-2027 and there is no financial consideration. Under the aeernent, the Trust is permitted access to ali fannland. woodland and wetland areas on the Kemerton Estate. It is pemiitted to undertake surveys and publish thc r¢sults. It is conunitted to providing advice to the estate on managing wildlite. eKe Estate Ikning the year to 31 st Mar¢h 2025. the Trust carried out monitoring and survey WOTk across the Kernerton Estate. Work continued under the Monitoring Strategy with Conservation Advisor Pamela Clarke undertakin8 much of the monitoring work and liaising with volunteer recorders and surveyors. The Trust's volunteers continued the monitoring of birds, fimgi. dragonflies, butterflies, and other invertebrates across the Kemerton Estate. Page 5
Kemerton conseation Ti"ust Governors, Report side Stewardshi on the Kemerton Estate Kemerton Estate is in a 5 & 10-year Higher Tier Countryside Stewardship (CS) agreernent running until 3 1st De¢ember 2025/30. The Tst'S leased sites are included in the agreement, and the Trust assists in the delivery of conservation goals by providing advice. The sites benefit from capital works and managernent carried out by the estate under the agreement. Habitat rnana ement on the Kernerton Estate During the year to 3 Isl March 2025, the Trust undertook habitat management in several locations across the Kernerton Estate including Lillans Orchard and May Wood. The management works focused on impToNryll8 wildlife habitat. Kernerton Arlx)retum Th¢ Trust helps to rnana8e a colle¢tion of exotic trees in the Kemerton Estate woodlands. The trees have PTedominantly en grown from seed collected in the wild by Kew Gardens, the Howick ArboretunL A&ian Darby and others. e to the wild origin of seeds. the collection is regarded as an imFK)rtant genetic resource. The trees ar¢ tnainly located alon8 woodland paths and rides many of which have Fennissive access to Members. During the year to 31st March 2025, the Trust's Voluntary Warden helped to maintain speciznen trees. In addition, a contractor carried out thinning the arEK)retum. Grants and Donations In August 2024, the Trust secured funding from the UK Shared Prosperity Fund through the Natural Netsvorks Pro8ramme delivered on behalf of Wyohavon District Council for habitat restoration and creation at Kernerton Lake. Work on the project started in Au8lLSt 2024 and was completed in Febrllary 2025. In June 2024, the 'l'rust, in partnership with Kemerton Estate, secured funding trom the Famiin8 in Protected Landscapes (FL) Fund to pay for feneing, access improvements, siwge and habitat creation at Kemerton Lake and Lake Walk. Work on the project started in June 2024 and was completed in February 2025. The project also benefited from an additional grant of £2,500 frorn Highfields Trust CIO. In addition to the SUTns mentioned above, the 'lrust received grants and donations totalling £2.815 from vaTiOiIS comrnunity bodies, companies and trusts. Education and Communlty Engagement Men]bershi of Friends of Kemerton Conservation Trust Members coJriJx)it themselves to helping the 'lrusL either by volunteering their time or by making affordable fanCi contributions. TheTe is no minimum nmbershIp fee. Members receive access to the pern)issive hides and paths &t Kernerton Lake and adjoinin8 woodland. They also receive a twice-yearly newsletter 'Kemerton Clippings, and may attend all member-only events hosted by the'l'TUSt. Outrea Visits and events continued to be well attended. The annual Kemerton Lake Open L)ay was held on 15th June 2024. Kemerton Apple Day was held on 12th October 2024 and successfully raised £750 for Daffurns Orchard. Six events were held durin8 the year (four of which were member-only) as well as several other outreach events. Bredon Forest School, a regjlar and generous donor to the Trust, continues to operate in one of the estate woods and maintains strong links with the Trust. Website The Trust operates a web site at www.kemerton.or& The site was designed by David Aubury and is maintained by him on a voluntary basis. Page 6
Kemerton Conseivation Ti'ust Govei'noiE' Report Partnershi Workin The Trust is a member of the Worcestershire Lo¢al Nature Partnership. Governor Adrian Darby has been actively involved in the preparation of Worcestershire's Local Nature Recovery Strategy, representing the Trust on the LNP'S Steering Group, Task & Finish Group on Biodiversity Priorities, and Task & Finish Group on SFcies. The Trust is a partner in the Cotswolds Nature Recovery Fonlln. It also contributes to the work of the Curlew Action Group which rnonitors curlews on the flood meadows ot the Severn and lower AvorL Plannin matters The 'L'rust seeks to safeguard local biodiversity via the planning system. It is a memlxr of the Worcestershire Local Sites Partnership which identifies sites of imwrtanoe for biodiversity in the county foT designation as 'Local Wildlife Sites,. This designation is non-statutory but is capable of c2rying weight in planning matters. From tirne to time, the Trust comments on plannin8 issues that might adversely affect biodiversity 8nd landscape in the locality. Personnel and Volunteers Personnel The 'l'rust has no ernployees but has well-established arrangements with various self-ernployed contractors and key volunteers. Pamela Clarke has continued as part-time Conservation Advisor. Kate Aubury undertook administrative and bookkeepin8 work as well as canying out her tasks as Company sretary. The work totslled 8hrs each week (equating to £8,000 per year) and was paid for by Kemerton Estate Partnership (a farnling partnership between Govemors Adrian Darby and Matthew Darby). Kate Aubury, in addition to her paid roles. is the Support Coordinator and the editor of Kemerton Clippings. She undertakes these Toles on an unpaid basis. The Trust reimburses her direct exnSeS. John Threadingham is the Trust's Voluntary Warden. He undertakes re8ular practioal management of the Trust's reserves on an unpaid Imsis. The Trust reirnburses him for his direct expenses and for rnachinery rnaintenance. Matthew Darby. separate from his 8overnance role, undertakes regular administrative work and practical habitat rnanagernent for the Trust on an unpaid basis. Volunteers In addition to those mentioned above. numerous contributions have been made by volunteers in many fields. including habitat management, nest box maintenance, organizing public events, orchard maintenance and canying out surveys. In total, volunteers (including Govemors in a non-8ovetnance capacity) donated an estimated 1603 hours of their tirne, valued at £29456.25. AcknoTrvledg¢ment5 The Govemors would like to thank all the Tt'S volunteers and supporters for the help and fmancial assistance they have generously donated throu8hout the year. This report was approved by the Governors on 7th July 2025 and si8ned on their behalf by Matthew Darby Chairn]an ot'Governors Page 7
Kemerton Conseiryation Trust Independent Examiner's Repoit to the trustees of Kemeiton Conseiwation Trust ('the Company,) I TeFort to the charity trustees on my exarnination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also ils directors for the PUTTX)ses of oompany law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to audited under Yart 16 of the 2006 Act and are eligble for independent exarnination, I report in Tespect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my extunination I have followed the DIrtionS given by the chty Cornn]ission under section 145(5)(b) of the 2011 Act. Independent examiner's Sttennt I have completed my examination. I confjnn that no matters have come to my attention in connection with the examination &vin8 me cause to believe.. aocounting records were not kept in respect of Kemerton Conservation Trust as required by section 386 of the 2006 Act. or 2. the accotS do not a¢Gord with those records. or 3. the accounts do not comply with the accounting requirernents of section 396 of the 2006 Act other than any requirement that the accounts 8ive a ,tn gnd fair view which is not a matter considered as part of an independent exarnination. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recomrnended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in aGGordance with the FinanGial Reporting Standard applicable in the UK and Republic of Irel8nd (FRS 102)]. I have no concems and have come across no other rnatteTS in oonnection with the exaTf)ination to which attention should Ix drawn in this report in order to enable a prOT understanding of the aGcounts to be reached. Michele Devereux FCCA 51 Basepoint Business Centre Oakfield Close T¢wkesbury Glos GL20 8SD 7 July 2025 Page 8
Kemerton Conseiyation Ti'ust Statement of Financial Activities foi. the Year Ended 31 March 2025 (Including Income and Expenditui'e Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2025 Note Income and Endowments from: Donations and legaoies Charitable activities Invesbnent incorne 12.647 16.435 1.202 10.404 23,051 16,435 1,202 Total income 30.284 10,404 40,688 Expenditure on: Charitable activities (23.476) (20,717) (44,193) Total expenditure (23,476) (20,717) (44,193) Net incomel(expenditure) Transfers between funds 6,808 (8,232) (10,313) 8,232 (3,505) Net movement in funds (1.424) (2,081) (3,505) Reconciliation of funds Total funds brought forward 206,465 2,919 209,384 Total funds carried forward 13 205,041 838 205,879 Unres¢ricted funds Restricted nds Total 2024 Note Income and Endowments from: Donations and legaoies Charitable activities Investtnent income 18.818 15.018 993 983 19,801 15,018 993 Total income 34.829 983 35.812 ExpendRture on: Charitsble activities (20,193) (2.817) (23,010) Total expenditure N¢¢ incom¢l(cxp¢nditutr) (20,193) (2,817) (23,010) 14,636 (1,834) 12,802 Net movement in funds 14.636 (1.834) 12,802 Re¢oneiliation of funds Totsl funds brought forward 191,829 4.753 196,582 Totsl funds carried forward 13 206,465 2,919 209.384 All of the charity's activities (lerive from continuin8 operations durin8 the above two periods. The notes on pages I I to 19 foml an integral part of these fmancial statements. Page 9
Kemeitton Conseivation Trust (Registi'ation number: 02453076) Balance Sheet as at 31 Mal'ch 2025 2025 2024 r4ote Fixed assets Tangible assets 133,191 133,896 Current assets Debtors Cash at baJ)k and in hand io 2,921 80,675 83,596 3,628 85,452 89,080 Creditors: Amounts falling due wfithin one year 12 (10,908) (13,592) Net current assets 72,688 75,488 4et assets 205,879 209,384 Funds of the charity: Restricted income funds Restricted funds 13 838 2.919 Unrestricted income funds Unrestricted funds 205,041 206,465 Total thnds 13 205,879 209,384 For the fmancial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, resp)nsibilities.' The memlRrs have not required the charity to obtain an audit ot. its accounts tor the year in question in accordance with section 476. and The direotors acknowledge their responsibilities tor complying with the requirements ot the Act with respeol to accounting re¢ords and the preparation of accounts. The financial ststements on pages 9 to 19 were approved by the trustees. and authorised foT issue on 7 July 2025 and Sied on their behalf by.. Trustee The notes on pages I I to 19 fonn an inte8ral part of these fllmncial statements. Page 10
Kemerton Conseivation Ti'ust Notes to the Financial Statements for the Yeai. Ended 31 March 2025 I Charity status The oharity is limited by guarantee. incorporated in . and consequently does not have share ¢apitsl. Each OF the tNstees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event or liquidation. The address of ils registered office is= Kemerton Court Kemerton Tewkesbury Glos GL20 7HY These finanoial statements were authorised for issue by the trustees on 7 July 2025. 2 Aeeounting policies Sununary of significant Ydccounling policies key accounting estinmtes The principal accounting policies applied in the preparation of these fmancial statements are set out Ixlow. These policies have Ixen consistently applied to all the years presented. unless ot1Twise stat¢(L Statement of compliance The financial statements have en prepared in accordance with Accountin8 and Reporting by Charities.. ststement of Recornmended Practice (applicable to charities preparin8 their accounts in accordance Hqth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)) (issued in (ktolxr 2019) - (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Kemerton Conservation TnLSt meets the defmition of a public ixnefit entity under FRS 102. Assets and liabilities are initially reCOlSed at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees oonsider that there are no rnaterial uncertainties alJ)ut the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the canying value of assets held by the charity. EJemption from preparing a eash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow staternent in these fmancial statements. Incon* and endowments All income is reco8nised once the charity has entitlement to the income, it is probable that the income WAII be received and the amount of the income receivable can be measured reliably. Pagell
Kemei'ton Conservation Trust Notes to the Financial Statements foi" the Year Ended 31 March 2025 l)onations and g&¢le$ Donations are reco8nised Thhen the charity has been notified in wiling ot" both the amount and settlement date. In the event that a donation is subject to ¢onditions that require a level of perfom]ance by the charity before the charity is entitled to the funds, the income is deferred and not reco8nised until eitheT those conditions are fully met, or the fulfiltnent of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Granls receivable Grants are reco8nised when the charity has an entitlement to the funds and any conditions linked to the 8rants have been met. Where Ferfonnance conditions are attached to the grant and are yet to be met, the in¢ome is recognised as a liability and included on the balance sheet as defeed income to be released. Expenditure All expenditure is reco8nised once there is a legal or constructive obligation to that expenditure, it is probable settlernent is required and the amount can Ix measured reliably. All costs are allocated to the applicable expenditure heading that aggregate sllnilar costs to that category. Where costs cannot be directly attributed to rti¢ul8r headings they have been allocated on a Imsis consistent with the use of resources. with central staff costs allocated on the basis of time spent, and deweciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread ofstaff costs. Charitable aclivilies Charitable expenditure comprises those costs incurred by the clwity in the delivery of ils actiTrryties and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas. or per capita, staff costs by the time Snt and other costs by their usage. Taxation The charity is considered to pass tbe tests set out in Paragraph I Sohedule 6 ot. the Finance Act 2010 and therefore it meets the defmition of a charitable company for UK corporation tax purposes. Accordingly, the charity is tK)tentially exempt from taxation in respect of inoorne or capital gains received within categorLes covered by Chapter 3 Part I l of the Corw)ration Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Aot 1992, to the extent that such irKorne or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £1,000 or rnore, and selected key items over £500, are initially recorded at cost. less any subsequent accumulated depreciation and subsequent accurnulatcd in]paimient losses. Depreciation and amorti$ation Depreciation is provided on tangible fixed assets so as to wite off the oost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset class Equipment Depreciation thOd and rate 20% reduoing balance Page 12
Kemei'ton Conseiwation Trust Notes to the Financial Statements foi. the Yeai. Ended 31 March 2025 Trade debtors Trade debtors are amounts due from customers for merchandise sold or setvices perfoTrned in the ordinary course of business. Trade debtors are reco8nised initially at the transaction price. They are subsequently n]easured at amortised cost using the effective interest method, less provision for impairment. A provision foT the irnpainnent of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original tern of the receivables. Cash and cash equivalents Cash and cash equivalents comprise Cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve tnonths atier the reporting date, they are presented as non-ourrent liabilities. Trade creditors 8Te recognised initially at the transaction price and subsequently measured at arnortised cost using the effective interest rnethod. Fund structure Unrestrioted income fidS are 8eneral fimds that are available for at the trustees discretion in furtherance of the objectives of the charity. Desi8nated tund8 are unrestricted fidS set aside tor speoitic PUTEK)ses at the discretion ot. the trustees. Restriofrd income fimds are those donated for use in a particular area or for s01r1c purp)ses, the use of which is restricted to that area or puOSe. 3 Jneome from donations and legacies Unrestricted Total 2025 Total 2024 Designated General Restricted Donations and legacies. Donations Gift aid Teclaimed Grants, inoluding capital ants; Grants from other charities 955 10,8(KS 886 11,761 886 17,)82 836 10,404 10.404 1,383 955 11,692 10,404 23,051 19.801 Page 13
Kemerton Conseiwation Ti'ust Notes to the Financial Statenients for the Yeai. Ended 31 March 2025 4 Income from charitable aetivities Unrestricted funds General Total 2025 Total Grazing and tnomqng Single farm payment Agri Environmental Scheme Payments 4.207 6,364 5.864 4,207 6.364 5,864 3,467 5,474 6,077 16,435 16,435 15,018 5 Investment income Unrestrieted funds General Total 2025 Total 2024 Interest receivable and similar inGome-, Interest receivable on bank deEx>sits 1,202 1,202 993 6 Expenditure on charitable activities Unre$¢ricted $ Designated Genernl Restricted nds Total 2025 Total 2024 9,600 442 4.391 I,089 5,323 876 210 9,600 442 9,600 437 Insurance Sundry exFnses Depreoiation Site management Accountancy fees Bank charges 4,391 3,044 25,630 876 210 2,274 2,i92 7,104 852 151 1.955 18.762 1.545 1,545 21.931 20.717 É14,193 23,010 Pa8e 14
Kemei'ton Conseivation Trust Notes to the Financial Statements for the Yeai. Ended 31 March 2025 7 Trustees remuneration and expenses No tNstees. nor any persons connected with t1. have received any remuneration from the charity during the year. 8 Taxadon The charity is a re8lStered charity and is therefore exempt frorn tsxation. 9 Tangible fixed assets Land and buildings Equipment Total Cost At l April 2024 Additions 166,290 44,444 2.339 210,734 2,339 At 31 March 2025 166.290 46.783 213,073 Depr¢¢iation At l April 2024 Charge for the year 33,184 2,396 43.654 648 76,838 3,044 At 31 Maroh 2025 35,580 44,302 79,882 r4et book value At 31 March 2025 130,710 2,481 133,191 At 31 March 2024 133,106 790 133,896 10 Debtors 2025 2024 Trade debtors Other debtors 2.266 655 3,243 385 2,921 3,628 11 Cash and eash equivalents 2025 2024 Cash at bank 80,675 85.452 Page 15
Kemerton Conservation Ti'ust INotes to the Financial Statements for the Year Ended 31 Mai'ch 2025 12 Creditors: amounts falling due within one year 2025 2024 Trade creditors Accruals 10.080 828 12.514 1,078 10,908 13,592 13 Funds Balance at 31 March 2025 Balance at I April 2024 Incoming re50urees Resources expended Transfers Unrestricted funds General General Fund 197.559 29.329 (21,931) (3,232) 201,725 Designaled Betty Daffurns Orchard Fund Movement for Good Award 3,906 5,000 955 (1,545) 3,316 (5,000) (5,000) 8.906 955 (1,545) 3,316 Total unrestri¢t¢d funds 206.465 30,284 (23,476) (8,232) 205,041 Restricted funds Water's Edge Hide Daffurn's Orchard Bioblilz Kemerton Lake Nature Reserve Woodland Grazin8 Natural Networks 2,793 126 (1,955) (126) 838 2,500 (7,344) 4.844 7.904 (11,292) 3,388 Total restricted funds 2,919 10.404 (20,717) 8,232 838 Total funds 209.384 40.688 (44,193 205,879 Pa8e 16
Kemerton Conselwation Trust Notes to the Financial Statements foi" the Year Ended 31 March 2025 Balance at I April 2023 Incoming resources Resources eTpended Balance at 31 March 2024 Unrestri¢t¢d funds General General Fund 190.295 26,512 (19,248) 197,559 Designated Eletty Daffums Orohard Fund Movement for Good Award 1.534 3,317 5,000 (945) 3,906 5,000 1.534 8,317 (945) 8,906 Total unrestricted funds 191.829 34.829 (20,193) 206,465 Restricted Water's Edge Hide Daffurn's Orchard Bioblitz Wel¢oming Visitors & Supporting Volunteers at Daffum's Orchard 4.753 (1,960) (557) 2,793 126 683 300 (300 Total restricted fid8 4,753 983 (2,817) 2,919 Total funds 196,582 (23,010) 209,384 Page 17
Kemeiton Conservation Ti'ust Notes to the Financial Statements for the Year Ended 31 March 2025 The specific pu09e$ foT which the funds are to be applied are as follows.. Watevs Edge Hide This filld was to contribute to the ¢onstnLction of the hide lo sit over the water accessable via a bo8rdwalk out through the reed beds, allowin8 unhindered views of wildh'fe across the lake for visitOTS to the site. Daffurn's Orchard Bioblitz A funded bioblitz event to survey flora, fauna and fungi at Daffurn's Orohard. Grant funding received from Welcorne to our b'uture. Welcoming Visitors & Supp)rting Volunteers at Daffurn's Orchard one year project to improve visitor experience to the community orchar(L and supp)rt the volunteers. includ8 creating a new nature trail for children. Grant funding received from The Dent-Brocklehursl Family Charitable Trust. Kemerton Lake Nature Reserve Woodland Grazing and Visitor Improvement Project A on¢-y¢ar joint project with Ketnerton Estate Partnership to improve visitor experience to Kemerton Lake Nature Reserve and the Lake Walk, create nre wllinatOT habitat and install new fencing for cattle 8razin8. L¢ad partner Kemerton Estate Partnership received funding trom the Farnling in PrOtted Landscapes (FIPL) Fd. The project was also part funded by Highfields CIO. who donated towards KCT'S share of project costs. The project was also part funded by half of The Benefact Group's Movement for Good Award prize draw money received in 2023, which fom]ed part of KCT'S share of project oosts. Natural Networks Prograrnme: Aquatic Habitat Restoration 8nd Creation at Kernerton Lake Nature Reserve A one-year project of aquatic habitat restoration and oreation at Kemerton Lake Nature Reserve including eDNA testin& installation of a new water pipe and erosion control wDrks. It was part funded by the UK Shared Prosperity Fund through the Natural Networks programme delivered on behalf of Wychavon Thstrict Council. The projcct was also part fimded by half of The Ben¢fact Group's Movement for Good Award prize draw money received in 2023. Pa8e 18
Kemerton Conservation Ti'ust Notes to the Financial Statements foi. the Year Ended 31 Mai'ch 2025 14 Analysis of net assets between funds Unrestricted funds Ceneral Total ndS at 31 March 2025 Restricted funds Tangible flxed assets Current assets Current liabilities 130,969 83,596 (10,908) 2.222 133.191 83,596 (10.908) Total net assets 203,657 2.222 205,879 Unrestricted funds General To¢al fund5 at 31 March 2024 Restricted funds Tan8ible fixed assets CUnt assets cent liabilities 129,831 88,695 (13.342) 205,184 4.064 133,895 88,695 (13,342) Totsl net assets 4.064 209,248 15 Related party transactions The company rents a cottage trom Adrian Darby. a governor, at an annual rentsl ot. £9,600 (31 March 2024 - £9,600) which has been verified by an independant valuer. Timothy Lea & Gri11hS in March 2022. Total rents paid to Adrian Darby during the year were £9,600. The company also leases other land belonging to Adrian Darby and Matthew Darby during the year at a nil rent. Any work done by K¢merton Estate Partnership on Ixhalf of the trust Wds paid foT at cost. One of Kemerton Estate Partnership's employees and one of Kemerton Estate Partnership's self-ernployed contractors carried out administration work on ixhalf of the Trust equating to one day week between the The Trust made no payment for this. None of the govemors received any remuneration in the year as trustees. nor in previoll5 years. Page 19