REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
Llangattock Community Woodlands Ltd |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
Llangattock Community Woodlands Ltd |
Llangattock Community Woodlands Ltd |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 14 |
Llangattock Community Woodlands Ltd (Registered number: 08756399) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
The trustees, who are also directors of the charity for the purpose of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective 1 January 2015). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
Llangattock Community Woodlands (LCW) became a charity in January 2014 although registered in October 2013. |
LCW Trustees are grateful to the support and financial assistance of various grant giving organisations who have supported us through 2022/23. As always our volunteers who attend regularly every week to undertake activities in all weathers are amazing and very special to the organisation success. They are committed to environmental improvements and bring many different skills to the organisation. We would also like to thank our woodland owners, several private landowners and Canal and River Trust for allowing us to work on their land. |
Our objectives underpin our yearly planning process and are:- |
To promote for the benefit of the public the conservation, protection and improvement of the physical and natural environment of small woodland areas within Wales and to advance education in this and related subjects, in particular, but not exclusively by: |
1. Enhancing biodiversity in woodlands and surrounding areas |
2. The promotion of the use of renewable energy resources associated with woodlands |
3. The development and promotion of craft skills and beneficial environmental practices associated with woodlands |
4. The provision of work experience opportunities in woodland craft and management to support and encourage enjoyment in a woodland setting. |
We continue to communicate our activities in a bi-monthly newsletter distributed to over 500 members of Llangattock Green Valleys, a strong and supportive partner for LCW, through Facebook weekly and promoting events. Other important partners include Canal & River Trust, Crickhowell Volunteer Bureau, Llangattock Allotments (LACAS), Bees for Development, Keep Wales Tidy, Brecon Beacons National Park, Llangattock Community Council who are a Bee Friendly Community, Woodland Trust Cymru and the Glanusk Estate. |
Our first priority for 22/23 was to improve recruitment of volunteers and this continues to be a goal for the coming year. We have a diverse network of volunteers and during 2023 we have supported better health and safety objectives ensuring all volunteers are provided with appropriate PPE. Our second priority for 22/23 was to continue to extend our operation, provide more activities for volunteers and the community and grow our partnerships. This was successfully achieved and extends beyond our home site in Llangattock to Crickhowell and Bwlch. We were very successful in supporting our activities from additional funds through grants which helped in the purchase of new and replacement equipment as well as improvements to our sites. |
Public benefit |
The trustees confirm that they have complied with their duty in section 17(5) of the 2011 Charities Act with regards to Charity Commission's general guidance on public benefit when reviewing the Charity's objectives and in planning activities. |
Llangattock Community Woodlands Ltd (Registered number: 08756399) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
OBJECTIVES AND ACTIVITIES |
Volunteers |
Volunteers contributed nearly 4000 hours volunteer time. Time and energy committed from our talented and committed volunteers ensures that Llangattock Community Woodlands fulfils its charitable objectives and they have done so this year through extraordinary times with due diligence and responsibility for others and themselves. |
LCW have met regularly once a week for volunteering activities which include; - |
Woodland Management - felling, planting and coppicing natural woodland sites, also environmental management including species recognition and wildlife management for moths, different fauna, bat roosts, otter, wetland areas etc. Green Craft Products - training volunteers in green wood craft skills, making simple objects. -Bee-keeping - producing honey and other bee products and training volunteers in the art of bee-keeping. |
Our first priority for 22/23 was recruit more volunteers and this continues to be a goal for the coming year as volunteers come and go. We have regular participation of over 20 volunteers each week. We also have a diverse network of volunteers. Our second priority for 22/23 was to extend our operation, provide more activities and grow our partnerships. This was successfully achieved and extends beyond our home site in Llangattock to Crickhowell and Bwlch. We were also very successful in achieving grant funding to improve our site and support our volunteers. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
Llangattock Community Woodlands Ltd (Registered number: 08756399) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent Examiner |
Graham Mason |
Golden Valley Accountancy Limited |
Unit 4 |
Westwood Industrial Estate |
Pontrilas |
Herefordshire |
HR2 0EL |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Llangattock Community Woodlands Ltd |
Independent examiner's report to the trustees of Llangattock Community Woodlands Ltd ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company 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 be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect 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 examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
Graham Mason |
Golden Valley Accountancy Limited |
Unit 4 |
Westwood Industrial Estate |
Pontrilas |
Herefordshire |
HR2 0EL |
30 November 2023 |
Llangattock Community Woodlands Ltd |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
for the Year Ended 31 March 2023 |
31.3.23 | 31.3.22 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 4 |
Charitable Activities |
Other trading activities | 3 |
Total |
EXPENDITURE ON |
Raising funds |
Other trading activities | 5 | 9,996 | 2,542 | 12,538 | 13,840 |
Charitable activities | 6 |
Administration | - | - | - | 71 |
Charitable Activities | 4,027 | - | 4,027 | 10,148 |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 23,178 |
Llangattock Community Woodlands Ltd (Registered number: 08756399) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 11 |
CURRENT ASSETS |
Debtors | 12 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 13 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 14 |
Unrestricted funds: |
General fund | 10,793 | 14,359 |
Restricted funds: |
General Fund | 15,177 | 8,819 |
TOTAL FUNDS | 23,178 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
Llangattock Community Woodlands Ltd (Registered number: 08756399) |
Balance Sheet - continued |
31 March 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Llangattock Community Woodlands Ltd |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Plant and machinery | - |
Fixtures and fittings | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Llangattock Community Woodlands Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
2. | DONATIONS AND LEGACIES |
Gifts |
Donations |
Grants |
3. | OTHER TRADING ACTIVITIES |
31.3.23 | 31.3.22 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Fundraising events | 10,887 | - |
4. | INCOME FROM CHARITABLE ACTIVITIES |
31.3.23 | 31.3.22 |
Activity | £ | £ |
Grants | Charitable Activities | - | 10,165 |
Grants received, included in the above, are as follows: |
31.3.23 | 31.3.22 |
£ | £ |
Grants | - | 10,165 |
5. | OTHER TRADING ACTIVITIES |
31.3.23 | 31.3.22 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Purchases | 8,662 | - |
Bad debts | 246 | - | 246 | - |
Depreciation | 1,088 | 2,542 | 3,630 | 2,991 |
9,996 | 2,542 | 12,538 | 13,840 |
Llangattock Community Woodlands Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
6. | CHARITABLE ACTIVITIES COSTS |
Support |
Direct | costs (see |
Costs | note 7) | Totals |
£ | £ | £ |
Charitable Activities | 3,259 | 768 | 4,027 |
7. | SUPPORT COSTS |
Governance |
Finance | costs | Totals |
£ | £ | £ |
Charitable Activities | 83 | 685 | 768 |
8. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.23 | 31.3.22 |
£ | £ |
Depreciation - owned assets |
9. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Charitable Activities |
Other trading activities |
Total |
EXPENDITURE ON |
Raising funds |
Llangattock Community Woodlands Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
Other trading activities | 11,262 | 2,578 | 13,840 |
11,262 | 2,578 |
Charitable activities |
Administration | 71 |
Charitable Activities | 10,148 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 14,848 | 11,397 |
TOTAL FUNDS CARRIED FORWARD |
14,359 |
8,819 |
23,178 |
11. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Llangattock Community Woodlands Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade debtors |
13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Other creditors |
Accrued expenses |
14. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 14,359 | (3,566 | ) | 10,793 |
Restricted funds |
General Fund | 8,819 | 6,358 | 15,177 |
TOTAL FUNDS | 2,792 | 25,970 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 10,887 | (14,453 | ) | (3,566 | ) |
Restricted funds |
General Fund | 8,900 | (2,542 | ) | 6,358 |
TOTAL FUNDS | ( |
) | 2,792 |
Llangattock Community Woodlands Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
14. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.21 | in funds | 31.3.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 14,848 | (489 | ) | 14,359 |
Restricted funds |
General Fund | 11,397 | (2,578 | ) | 8,819 |
TOTAL FUNDS | 26,245 | (3,067 | ) | 23,178 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 20,992 | (21,481 | ) | (489 | ) |
Restricted funds |
General Fund | - | (2,578 | ) | (2,578 | ) |
TOTAL FUNDS | 20,992 | (24,059 | ) | (3,067 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.4.21 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 14,848 | (4,055 | ) | 10,793 |
Restricted funds |
General Fund | 11,397 | 3,780 | 15,177 |
TOTAL FUNDS | 26,245 | (275 | ) | 25,970 |
Llangattock Community Woodlands Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
14. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 31,879 | (35,934 | ) | (4,055 | ) |
Restricted funds |
General Fund | 8,900 | (5,120 | ) | 3,780 |
TOTAL FUNDS | 40,779 | (41,054 | ) | (275 | ) |
15. | RELATED PARTY DISCLOSURES |