Wood N Wheels Regional Development Trust Charity Accounts

COMPANY REGISTRATION NUMBER: 6354886

CHARITY REGISTRATION NUMBER: 1141970

Wood N Wheels Regional Development Trust

Unaudited Financial Statements

For the Year Ending

31 August 2025

Wood N Wheels Regional Development Trust

Financial Statements

Year Ended 31 August 2025

	Page

Trustees' Annual Report (Incorporating the Director's Report)	1

Statement of Financial Activities (Including Income and Expenditure Account)	4

Statement of Financial Position	5

Notes to the Financial Statements	6

Wood N Wheels Regional Development Trust

Trustees' Annual Report (Incorporating the Director's Report)

Year Ended 31 August 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2025 .

Objectives and Activities

The Charity's objects are:

a) to promote and encourage for the public benefit the development in the community of and the provision of safe routes, paths and facilities for cycling, walking and other forms of low energy transport and to undertake and carry on projects and activities of a charitable nature which will assist in promoting healthful recreation, the protection of the environment and the conservation of energy resources;

b) to promote and develop physical health and mental wellbeing by learning from others' experiences of the natural environment and by developing sustainable ways to promote healthy activity through the use and enjoyment of nature and all things outdoor in a fun supporting framework centred in and around the local countryside based primarily but not exclusively in the north east of England.

The charity will work with and encourage others to participate from all social and economic groups, working with people with learning, mental and physical disabilities, and people with a disconnection to the wider society, children, young people and young adults working to get groups involved in eliminating the stigma and discrimination that are a common experience for people from these groups. The charity will be working to reduce this so that everyone can learn and be treated fairly, positively and with respect giving individuals the ability and tools to fulfil their full potential; and

c) To promote such other charitable purposes as may from time to time be determined.

Achievements and Performance

This report covers the year 2025.

Development of the project continues. Work on the project was delayed in the last year due to various factors mostly out of our control. Though when I received more information things have started to move along again, this has proved to be much more complex and time consuming than at first thought and progressing slowly. There have been discussions with possible new members and help with the new direction later in the year we accepted the application of a new committee and trustee. This will be of great use as he has a wide range of experience we can draw from both his backgrounds of planning and project delivery in an ecology, personal engagement and community development framework. The project continues with a focus on future goals and delivery with set periods of review to confirm the last and next steps are correct and move to the next piece of work. Progress has been slow as there has been several setbacks and a couple of dead ends with that effort being lost. Looking forward to an easier year ahead with at least some of the work settled and others progressing.

Financial Review

As at 31st August 2025 the charity held reserves of £13,183. This will be used to support future projects.

Structure, Governance and Management

Governing Document

The charity is a registered, independent charity and a company limited by guarantee. Wood N Wheels Regional Development Trust was incorporated as a company limited by guarantee on 29 August 2007 with company number 6354886 and is governed by its Memorandum and Articles of Association. It was registered as a charity on 17 May 2011 with charity number 1141970 .

Organisational Structure

Wood N Wheels Regional Development Trust is governed by its trustees, who are responsible for setting the strategic direction of the organisation. The trustees carry the ultimate responsibility for the conduct of Wood N Wheels Regional Development Trust and for ensuring that the charity satisfies its legal and contractual obligations.

The day to day operations of the charity are delegated to Martin Stout.

Public Benefit

Our main activities and who we help are described elsewhere in this report. All our charitable activities are undertaken to further our charitable purposes for the public benefit. The Trustees have had regard to the Charity Commission's guidance on public benefit throughout the year when deciding on the activities of the charity.

Reference and Administrative Details

Registered charity name	Wood N Wheels Regional Development Trust

Charity registration number	1141970

Company registration number	6354886

Principal office and registered	26 Edward Terrace
office	New Brancepeth
	Durham
	DH7 7EN

The Trustees

	Mr D Connock
	Mr N J B Green
	Mr M Stout

Accountants	Jane Ascroft Accountancy Limited
	Chartered Accountants
	Enterprise House
	Harmire Enterprise Park
	Barnard Castle
	County Durham
	DL12 8XT

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 25 May 2026 and signed on behalf of the board of trustees by:

Mr M Stout

Trustee

Wood N Wheels Regional Development Trust

Statement of Financial Activities

(including income and expenditure account)

Year Ended 31 August 2025

	2025		2024
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Expenditure

Expenditure on charitable activities	5,6	241	241	272
		----	----	----
Total expenditure		241	241	272
		----	----	----

	----	----	----
Net expenditure and net movement in funds	( 241)	( 241)	( 272)
	----	----	----

Reconciliation of funds

Total funds brought forward	13,424	13,424	13,696
	--------	--------	--------
Total funds carried forward	13,183	13,183	13,424
	--------	--------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Wood N Wheels Regional Development Trust

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible fixed assets	10		–	169

Current Assets

Cash at bank and in hand	13,783		13,783

Creditors: amounts falling due within one year	11	600		528
		--------		--------
Net Current Assets			13,183	13,255
			--------	--------
Total Assets Less Current Liabilities			13,183	13,424
			--------	--------
Net Assets			13,183	13,424
			--------	--------

Funds of the Charity

Unrestricted funds		13,183	13,424
		--------	--------
Total charity funds	12	13,183	13,424
		--------	--------

For the year ending 31 August 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 25 May 2026 , and are signed on behalf of the board by:

Mr M Stout

Trustee

Wood N Wheels Regional Development Trust

Notes to the Financial Statements

Year Ended 31 August 2025

1. General Information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 26 Edward Terrace, New Brancepeth, Durham, DH7 7EN.

2. Statement of Compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investments measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. The entity is a Public Benefit Entity.

Going Concern

There are no material uncertainties about the charity's ability to continue.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that there are no significant estimates or judgements affecting these financial statements.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Designated funds are unrestricted funds earmarked by the trustees for specific purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.

Income

All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. Investment income is included when receivable. Income from charitable trading activity is accounted for when earned. Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes.

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.

Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, as set out in the notes to the accounts.

Tangible Assets

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £500 are not capitalised.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial Instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

Cash at Bank and in Hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

4. Limited by Guarantee

The company is limited by guarantee. At 31st August 2025 there were 3 members each of whom had undertaken to contribute an amount not exceeding £10 in the event of a winding up.

5. Expenditure on Charitable Activities by Fund Type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Cost of charitable activities	169	169	56	56
Support costs	72	72	216	216
	----	----	----	----
	241	241	272	272
	----	----	----	----

6. Expenditure on Charitable Activities by Activity Type

	Activities undertaken directly	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Cost of charitable activities	169	–	169	56
Governance costs	–	72	72	216
	----	----	----	----
	169	72	241	272
	----	----	----	----

7. Net Expenditure

Net expenditure is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets	169	56
	----	----

8. Staff Costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

9. Trustee Remuneration and Expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

No trustee expenses have been incurred.

10. Tangible Fixed Assets

	Equipment	Total
	£	£
Cost
At 1 September 2024 and 31 August 2025	8,533	8,533
	-------	-------
Depreciation
At 1 September 2024	8,364	8,364
Charge for the year	169	169
	-------	-------
At 31 August 2025	8,533	8,533
	-------	-------
Carrying amount
At 31 August 2025	–	–
	-------	-------
At 31 August 2024	169	169
	-------	-------

11. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	360	288
Other creditors	240	240
	----	----
	600	528
	----	----

12. Analysis of Charitable Funds

Unrestricted funds

	At 1 September 2024	Expenditure	At 31 August 2025
	£	£	£
General fund	13,255	(72)	13,183
Capital fund	169	(169)	–
	--------	----	--------
	13,424	(241)	13,183
	--------	----	--------

	At 1 September 2023	Expenditure	At 31 August 2024
	£	£	£
General fund	13,471	(216)	13,255
Capital fund	225	(56)	169
	--------	----	--------
	13,696	(272)	13,424
	--------	----	--------

13. Analysis of Net Assets Between Funds

	Unrestricted Funds	Total Funds 2025
	£	£
Tangible fixed assets	–	–
Current assets	13,783	13,783
Creditors less than 1 year	(600)	(600)
	--------	--------
Net assets	13,183	13,183
	--------	--------

	Unrestricted Funds	Total Funds 2024
	£	£
Tangible fixed assets	169	169
Current assets	13,783	13,783
Creditors less than 1 year	(528)	(528)
	--------	--------
Net assets	13,424	13,424
	--------	--------

14. Related Parties

The company was under the control of the trustees throughout the current period.