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REGISTERED COMPANY NUMBER: 04913460 (England and Wales)

REGISTERED CHARITY NUMBER: 1103123














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR


THE LYNCHMERE SOCIETY



THE LYNCHMERE SOCIETY



CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 April 2024












Page




Report of the Trustees  

1


to


5



Independent Examiner's Report  

6




Statement of Financial Activities  

7




Balance Sheet  

8


to


9



Notes to the Financial Statements  

10


to


17



THE LYNCHMERE SOCIETY (REGISTERED NUMBER: 04913460)



REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 April 2024




The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2024. 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 applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).


OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's objects and principal activities are to:-

1) Promote high standards of planning and architecture in or affecting the area of benefit, which is the Lynchmere Civic Parish and some neighbouring areas.

2) Educate the public in the geography, history, natural history and architecture of the area of benefit.

3) Secure the preservation, protection, development and improvement of features of historic, environmental and public interest in the area of benefit.

The main activities for the year continued to be educating the public in the geography, history, natural history and architecture of the area of benefit, and securing the preservation, protection, development and improvement of features of historic or public interest and through the restoration of the heathland of Lynchmere, Stanley and part of Marley Common (this being part of a much wider project across several counties supported and encouraged by Natural England and The South Downs National Park).

Public benefit

The Trustees of The Lynchmere Society review the aims, objectives and activities of the charity every year. The review process looks at what has been achieved and the outcomes of their work over the previous 12 months. The review considers the success of each key activity and the benefits they have brought to those groups of people which the charity was formed to help. The review also helps the Trustees to ensure that the aims, objectives and activities of the charity remain focused on the stated purposes. The Trustees have referred to guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives, and in planning future activities. In particular, the Trustees have considered how planned activities will contribute to the aims and objectives they have set.



THE LYNCHMERE SOCIETY (REGISTERED NUMBER: 04913460)



REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 April 2024



ACHIEVEMENT AND PERFORMANCE

Educating the Public
Local schools, societies and youth organisations benefit from the Commons with their network of footpaths and bridleways, as well as the circular "easy access" path, which is heavily used, and due to be renovated with financial help from the South Downs National Park Authority (SDNPA). We usually have two formal talks each year on subjects of local interest, or from wildlife and environmental specialists relevant to our conservation and heathland restoration work.

Securing Features of Interest
Lowland Heath is one of the most endangered habitats in Europe, and the Commons owned and managed by the Society are the 5th largest area of such habitat in Sussex, and an important part of a much wider project across several counties supported and encouraged by Natural England and The SDNPA. The commons are an element of the Serpent Trail, which is a 65 mile long route passing through lowland heath areas of the South Downs National Park.

Each year our restored areas are enlarged, with work being done on scrub clearance in winter and bracken control in late summer - done by cutting and pulling, and scything where possible. Our meadows are also of special interest, never having been ploughed, fertilized or sprayed within living memory, and so of special importance to butterflies, bees, and other insects. Our small orchard containing 36 traditional varieties of apple trees continue to thrive.

The Commons, Meadows and Barn
The Society normally has about fourteen volunteer days for scrub clearance between early September and the end of February, when work stops for the nesting season, in addition to the work of the Winter Work team and a recent addition of corporate employee volunteers such as the PHP Group.

We completed the repair to the west wall of the 17th Century Mare Barn using a highly skilled stonemason.

The Belted Galloway cattle (a rare breed) do valuable conservation work under the very careful watch of our grazier and his supporting team. Some spraying was done in the summer of 2023 on the advice of Natural England to contain the vigorous growth of the bracken, however this will not be repeated following the ban of the chemical used. Work on the restoration of our ancient barn was completed during the year. The construction of a pole barn is expected to commence during the autumn of 2024. The pole barn will be erected in one of the meadows and will still be used to store hay and machinery.



THE LYNCHMERE SOCIETY (REGISTERED NUMBER: 04913460)



REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 April 2024



FINANCIAL REVIEW

Principal funding sources

The principal Funding sources of the Charity are:-

1) Natural England and The Rural Payments Agency, through the Higher Level Stewardship and Basic Payments Scheme.

2) Subscriptions, donations and bequests.

3) SSE through wayleaves.

4) Sales of hay bales to cover harvesting costs.

The 2023-24 year and recent developments
The Society recorded a deficit of £20,261 on a total income of £41,317 for the year to 30th April 2024, compared to a deficit of £21,365 and income of £47,823 in the previous year. The grants from the Rural Payments Agency under the Higher Level Stewardship (HLS) and Basic Payment Scheme (BPS) were again the main source of the Society's funding, amounting to £30,756 or 74% of the total income for the 2023-24 year. These grants are for our heathland restoration and maintenance work, to support grazing on the Commons and for other environmental work. However the BPS has now been phased out and there will be no income from this scheme in the 2024/5 financial year. The HLS is also being phased out with a fixed income of £21,987pa until its closure in 2028. This will put considerable constraint on the Society's net income given the rising costs being experienced. Both schemes are being replaced by ELMS (Environmental Land Management Scheme) but there have been delays in its roll-out and details of this new grant structure have yet to be finalised.

Costs for the year amounted to £61,578 (£69,188 prior year). The primary costs were as follows :-
1. Winter Work scrub clearance programme of £17,000 (reduced from £21,000 last year when there was a temporary increase to catch up after COVID and a period without grazing).
2. Bracken spraying and tree felling £13k
3. Grazing fee of £12k. Conservation grazing is an important aspect of commons management and it enables the Society to meet its HLS obligations. The grazing fee is set at a level that allows Lynchmere Community Grazing to operate on a sustainable basis.
4. The remaining spend was for operational costs such as insurance, newsletter printing costs, utilities, repairs and renewals and depreciation of the Society's fencing. machinery and Mare Barn repairs.

Capital expenditure
The renewal of fencing cost £24.4k in the year and the restoration work to Mare Barn cost £11.6k.

Balance sheet
The balance sheet shows net assets of £656,570 as at 30th April 2024 but approximately 67% of the fixed assets total of £442k is represented by the value of the Society's land and buildings held in trust for future generations. The cash balance as at 30th April 2024 was £191k. These cash reserves are likely to reduce further in the year to 30th April 2025 due to the reduced grants expected which are going to be insufficient to cover expected running costs. There may also be capital costs associated with machinery renewals and the potential construction of the pole barn.

Investment policy and objectives

The trustees invest funds which are in excess of its immediate needs in deposit accounts.

Reserves Policy

The trustees monitor the Society's requirements for reserves to ensure sufficient funds are available to provide continuation of its aims, for any sudden emergencies and to meet longer term capital investments. This gives the trustees confidence that the Society's work can continue unimpeded.




THE LYNCHMERE SOCIETY (REGISTERED NUMBER: 04913460)



REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 April 2024



FUTURE PLANS

The Charity plans to continue the activities outlined above in forthcoming years.


STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Lynchmere Society is a charitable company limited by guarantee, incorporated on 26th September 2003 and registered as a charity on 7th April 2004. The company was established under a Memorandum and Articles of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.


Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purpose of charity law. One third of the trustees are elected each year and serve for a term of three years, and can be re-elected on the end of this term.

Organisational structure

The Lynchmere Society has a Trustees / Management committee which normally meets four to six times during the year and is responsible for the strategic direction and operational activities of the Charity. The Committee has members from a variety of backgrounds and experience.

Induction and training of new trustees

All trustees are already familiar with the practical work of the charity having been members. New trustees are given guidance regarding their responsibilities. The guidance is based on Charity Commission publications.

Trustee Succession Planning

We have put into place proposals to refresh the Trustee Board with five new members, including a new Chair and Deputy Chair, and with the expertise in land and habitat management, finance, marketing, digital and community engagement. This will enable us to take stock of what we have achieved and plan how best to build on past success. The formation of the new Land Management Committee, which brings together Trustees and non-Trustees with a deep understanding of the commons, meadows and woodland is already bearing fruit with a greater focus on coordination between local contractors and the work of volunteers, as well as generating a wealth of educational material to engage a younger generation interested in the environment. We look forward to setting out our progress in next year's Trustees' report.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04913460 (England and Wales)


Registered Charity number

1103123


Registered office

Shulbrede Priory

Lynchmere

Haslemere

Surrey

GU27 3NQ




THE LYNCHMERE SOCIETY (REGISTERED NUMBER: 04913460)



REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 April 2024



Trustees

R J Appleby (resigned 13.10.23)

P R Searight

Mrs L A Searight

The Hon Lady Rous

I M A Russell

B Middleton Wildlife Consultant

D R W Knapp Lawyer

Dr C Tibbs

M McCart Board Secretary (appointed 15.5.23)

Mrs M Bancroft Designer (appointed 3.7.23)

Mrs A Martin Certified Accountant (appointed 3.7.23)


Company Secretary

I M A Russell


Independent Examiner

S Moorey

Traviss & Co Ltd

Chartered Certified Accountants

Newtown House

38 Newtown Road

Liphook

Hampshire

GU30 7DX


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 9 October 2024 and signed on its behalf by:






M McCart - Trustee


INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

THE LYNCHMERE SOCIETY



Independent examiner's report to the trustees of The Lynchmere Society ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2024.


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.









S Moorey


Traviss & Co Ltd

Chartered Certified Accountants

Newtown House

38 Newtown Road

Liphook

Hampshire

GU30 7DX


9 October 2024



THE LYNCHMERE SOCIETY



STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 April 2024



2024


2023


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Donations, legacies and grants

2

35,396


-


35,396


42,500



Other trading activities

3

3,013


-


3,013


3,715


Investment income

4

2,908


-


2,908


1,608


Total

41,317


-


41,317


47,823



EXPENDITURE ON

Charitable activities

5

Restoration and maintenance of commons, fields and hay meadows  

61,578


-


61,578


69,188



NET INCOME/(EXPENDITURE)

(20,261

)

-


(20,261

)

(21,365

)

Transfers between funds

12

500


(500

)

-


-


Net movement in funds

(19,761

)

(500

)

(20,261

)

(21,365

)


RECONCILIATION OF FUNDS

Total funds brought forward

667,758


9,073


676,831


698,196



TOTAL FUNDS CARRIED FORWARD

647,997


8,573


656,570


676,831




THE LYNCHMERE SOCIETY (REGISTERED NUMBER: 04913460)



BALANCE SHEET

30 April 2024



2024


2023


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


FIXED ASSETS


Tangible assets

9

467,550


-


467,550


433,440



CURRENT ASSETS


Debtors

10

5,923


-


5,923


2,634


Cash at bank

182,645


8,573


191,218


242,092


188,568


8,573


197,141


244,726



CREDITORS


Amounts falling due within one year

11

(8,121

)

-


(8,121

)

(1,335

)


NET CURRENT ASSETS

180,447


8,573


189,020


243,391



TOTAL ASSETS LESS CURRENT

LIABILITIES

647,997


8,573


656,570


676,831



NET ASSETS

647,997


8,573


656,570


676,831


FUNDS

12

Unrestricted funds

647,997


667,758


Restricted funds

8,573


9,073


TOTAL FUNDS

656,570


676,831



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.



THE LYNCHMERE SOCIETY (REGISTERED NUMBER: 04913460)



BALANCE SHEET - continued

30 April 2024


These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime.




The financial statements were approved by the Board of Trustees and authorised for issue on 9 October 2024 and were signed on its behalf by:






M McCart - Trustee



THE LYNCHMERE SOCIETY



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 April 2024



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.



Charitable activities


Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities 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.



Governance costs


Governance costs include costs of the preparation and examination of the statutory accounts and the cost of any legal advice to trustees on governance or constitutional matters.



Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Land & Buildings

-

not provided


Mare barn restoration

-

10% on cost


Plant and machinery

-  

20% on cost and 10% on cost


Fencing

-

at varying rates on cost


The trustees have adopted a policy of not depreciating the freehold land and buildings. These are stated at historical cost rather than regular revaluations.

The trustees have opted to capitalise the fencing renewal works and the cost is being depreciated over 7 years.


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.

Designated funds are unrestricted funds set aside at the discretion of the Trustees for specific purposes.


THE LYNCHMERE SOCIETY



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 April 2024



1.

ACCOUNTING POLICIES - continued



Fund accounting


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.

2.

DONATIONS, LEGACIES AND GRANTS


2024


2023

£   

£   



Donations and subscriptions

4,639


4,186




Grants

30,757


38,314



35,396


42,500





Grants received, included in the above, are as follows:



2024


2023

£   

£   



Natural England grants

30,757


38,314




3.

OTHER TRADING ACTIVITIES


2024


2023

£   

£   



Hay and wood sales

3,013


3,715




4.

INVESTMENT INCOME


2024


2023

£   

£   



Rents received

746


946




Deposit account interest

2,162


662



2,908


1,608






THE LYNCHMERE SOCIETY



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 April 2024



5.

CHARITABLE ACTIVITIES COSTS


Direct

Support



Costs

costs

Totals

£   

£   

£   



Restoration and maintenance of

commons, fields and hay meadows

60,575


1,003


61,578




6.

NET INCOME/(EXPENDITURE)



Net income/(expenditure) is stated after charging/(crediting):




2024


2023

£   

£   



Independent examiner's fee

1,003


822




Depreciation - owned assets

3,509


2,568




7.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.



Trustees' expenses



From time to time, the trustees incur costs on behalf of the Charity and these are reimbursed on presentation of the relevant supporting invoices.


8.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


funds


funds


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM


Donations, legacies and grants

42,500


-


42,500




Other trading activities

3,715


-


3,715



Investment income

1,608


-


1,608



Total

47,823


-


47,823




EXPENDITURE ON


Charitable activities


Restoration and maintenance of commons, fields and hay meadows  

69,188


-


69,188




NET INCOME/(EXPENDITURE)

(21,365

)

-


(21,365

)


Transfers between funds

1,400


(1,400

)

-



Net movement in funds

(19,965

)

(1,400

)

(21,365

)



THE LYNCHMERE SOCIETY



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 April 2024



8.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued


Unrestricted


Restricted


Total


funds


funds


funds

£   

£   

£   




RECONCILIATION OF FUNDS


Total funds brought forward

687,723


10,473


698,196




TOTAL FUNDS CARRIED FORWARD

667,758


9,073


676,831



9.

TANGIBLE FIXED ASSETS


Land &


Mare barn


Plant and



Buildings


restoration


machinery


Fencing


Totals

£   

£   

£   

£   

£   



COST


At 1 May 2023

431,000


-


127,867


-


558,867




Additions

-


11,628


1,604


24,387


37,619




At 30 April 2024

431,000


11,628


129,471


24,387


596,486




DEPRECIATION


At 1 May 2023

-


-


125,427


-


125,427




Charge for year

-


575


866


2,068


3,509




At 30 April 2024

-


575


126,293


2,068


128,936




NET BOOK VALUE


At 30 April 2024

431,000


11,053


3,178


22,319


467,550




At 30 April 2023

431,000


-


2,440


-


433,440




10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023


£   

£   



Trade debtors

2,012


295




Prepayments

3,911


2,339



5,923


2,634






THE LYNCHMERE SOCIETY



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 April 2024



11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023


£   

£   



Accrued expenses

8,121


1,335




12.

MOVEMENT IN FUNDS


Net


Transfers




movement


between


At



At 1.5.23


in funds


funds


30.4.24


£   

£   

£   

£   



Unrestricted funds


General fund

234,318


(16,752

)

(37,119

)

180,447




Commons fund

431,000


-


-


431,000




Equipment and capital works fund

2,440


(3,509

)

37,619


36,550



667,758


(20,261

)

500


647,997




Restricted funds


Reptile Habitat Fund

9,073


-


(500

)

8,573





TOTAL FUNDS

676,831


(20,261

)

-


656,570





Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

41,316


(58,068

)

(16,752

)



Equipment and capital works fund

1


(3,510

)

(3,509

)


41,317


(61,578

)

(20,261

)



TOTAL FUNDS

41,317


(61,578

)

(20,261

)





THE LYNCHMERE SOCIETY



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 April 2024



12.

MOVEMENT IN FUNDS - continued



Comparatives for movement in funds



Net


Transfers




movement


between


At



At 1.5.22


in funds


funds


30.4.23


£   

£   

£   

£   



Unrestricted funds


General fund

251,715


(18,797

)

1,400


234,318




Commons fund

431,000


-


-


431,000




Equipment and capital works fund

5,008


(2,568

)

-


2,440



687,723


(21,365

)

1,400


667,758




Restricted funds


Reptile Habitat Fund

10,473


-


(1,400

)

9,073





TOTAL FUNDS

698,196


(21,365

)

-


676,831





Comparative net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

47,823


(66,620

)

(18,797

)



Equipment and capital works fund

-


(2,568

)

(2,568

)


47,823


(69,188

)

(21,365

)



TOTAL FUNDS

47,823


(69,188

)

(21,365

)




A current year 12 months and prior year 12 months combined position is as follows:



Net


Transfers




movement


between


At



At 1.5.22


in funds


funds


30.4.24


£   

£   

£   

£   



Unrestricted funds


General fund

251,715


(35,549

)

(35,719

)

180,447




Commons fund

431,000


-


-


431,000




Equipment and capital works fund

5,008


(6,077

)

37,619


36,550



687,723


(41,626

)

1,900


647,997




Restricted funds


Reptile Habitat Fund

10,473


-


(1,900

)

8,573





TOTAL FUNDS

698,196


(41,626

)

-


656,570





THE LYNCHMERE SOCIETY



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 April 2024



12.

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

89,139


(124,688

)

(35,549

)



Equipment and capital works fund

1


(6,078

)

(6,077

)


89,140


(130,766

)

(41,626

)



TOTAL FUNDS

89,140


(130,766

)

(41,626

)




Unrestricted Funds



Commons Fund



The Commons Fund represents the original cost of land under the Charity's management.



Equipment and capital works fund



This represents the cost and depreciation of capital equipment and works of a capital nature.



Restricted Funds



Mare Barn Phase 1



This represents costs of assessing the state of Mare Barn and to provide options for its long term restoration and repair. The Mare Barn was originally left to the Charity in a legacy. 80% of the cost was met through a project grant from Natural England.



Reptile Habitat Fund



This represents £10,000 given by Taylor Wimpey UK Limited for the future maintenance of the Lynchmere Land and the welfare of reptiles relocated from one of their building sites.



It also includes an additional payment of £10,000 to be used by the Lynchmere Society for the purpose of improving visitor education at the common and associated habitat management.




THE LYNCHMERE SOCIETY



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 April 2024



13.

RELATED PARTY DISCLOSURES



There were no related party transactions for the year ended 30 April 2024.