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← The William Dean Countryside And Educational Trust

2024-12-31-accounts

Charity registration number 1044567 (England and Wales)

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr A M Pear
Mr J E Ward
Mr D W Crawford
Mrs R H Franklin
Mrs P Pinto
Charity number (England and Wales) 1044567
Principal address 57 Obelisk Way
Congleton
Cheshire
CW12 4FY
Independent examiner Peter McNulty FCA FCCA
Hammond McNulty LLP
Bank House
Market Square
Congleton
Cheshire
England
CW12 1ET

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 15

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's declaration of tust dated 7 December 1994, the Charities Act 2011 and "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

The objects of the Trust are that the trustees shall hold the trust fund and its income upon trust to apply them to promote the advancement of education for the public benefit relating to natural history, ecology and conservation of the natural environment and in particular by making grants to registered charities or for the charitable purpose of any organisation in the furtherance of these objectives as indicated in the will of William Dean.

The Trustees meet four times each year in March, June, September and December when applications for grants are considered by them as well as matters relating to the administration of the Trust.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

In 2024 the Trust awarded over £83,000 of grants to a diverse range of charities including Wildlife Trusts, Wild Animal Rescue centres, Environmental and Conservation Charities, School Eco and Forest schools and Community groups conducting environmental projects.

The Trust has also continued to support charities that enable SEN, disadvantaged or young people with challenges to access the countryside who may not otherwise be able to. In particular projects allowing young people to learn about farming, horticulture and the natural environment.

The Trust continued to support sensory gardens and hospice gardens acknowledging the importance of green spaces and the environment to all. The William Dean Trust was delighted to fund a new sensory garden at our local community hospital, which became the centre of their 100-birthday celebration. The project was co-ordinated by Trustee Mrs Patti Pinto on behalf of East Cheshire NHS Trust. Following the grand opening in August 2024, the garden was inspected by the In Bloom Team, receiving an outstanding 90%. The garden was awarded 'Best New Landscape' in the North West by In Bloom. The Trustees visited many projects and enjoyed seeing how grants have been used.

In addition, trustees attended events at Chester Zoo, Carden Park and Congleton Town Hall in order to meet other Funders and share ideas.

Financial review

Reserves policy

After providing sufficient funds to cover all management and administration the Trustees regard the remaining incoming resources as the free reserves of the Trust and available for the general purposes of making grants in accordance with the stated objectives of the Trust. The balance of reserves available at 31 December 2024 were £45,561 (£50,397 at 31 December 2023).

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Investment policy

The trustees intend that the real value of their assets should be maintained and enhanced over the long term by investment in tenanted property (as mentioned above) and in portfolio comprising equities fixed income stocks and cash.

Investment Brief

In order to meet these objectives the Trustees have appointed Messrs Whittaker & Biggs, Chartered Surveyors to advise them on such matters relating to the let property including the rent which should be charged and the conduct of the necessary procedure for the increasing of such rent at the appropriate times. They have also appointed Barclays Wealth as their agent to manage a diversified portfolio of other suitable investments on a discretionary basis. The proportions invested in equities fixed income stocks and cash are reviewed on a regular basis by Barclays Wealth to provide guidance on the suitability of that element of investment policy and having regard to the substantial proportion of the Trustees assets being invested in realty.

Financial Policy

The Trustees have prepared an Investment Policy Statement which provides guidance as to how the asset management functions should be exercised. So far as concerns the portfolio investments the Trustees have delegated such functions to Barclays Wealth.

Structure, governance and management

The organisation is a charitable trust registered with the Charity Commission numbered 1044567. The trust was constituted by a Declaration of Trust ("the Trust") dated December 1994 and registered by the Charity Commission on 1st March 1995. The trust was established in accordance with the wishes of William Dean who died on 6th October 1993 as expressed in his Will which was proved in the District Probate Registry at Birmingham on 24th June 1994 by the Executors, William Lindsay Crawford, John Edward Ward, David Albiston Daniel and David William Crawford who became the Trustees of the Trust together with David John Parsons, Margaret Williamson, Rebecca Franklin and Patti Pinto who were subsequently appointed by them as additional Trustees. William Lindsay Crawford resigned on 23rd September 2014, Margaret Williamson sadly passed away on 5th April 2015 and David Albiston Daniel resigned on 9th September 2019. David Parsons resigned 11 September 2017, Andrew Pear was appointed June 2020.

The trustees who served during the year and up to the date of signature of the financial statements were: Mr A M Pear Mr J E Ward Mr D W Crawford Mrs R H Franklin Mrs P Pinto

Recruitment and appointment of trustees

Recruitment and appointment of new trustees

There shall be at least three trustees. Every future trustee shall be appointed by a resolution of the trustees passed at a special meeting.

In selecting persons to be appointed as trustees, the trustees shall take into account the benefits of appointing a person able by virtue of his or her personal or professional qualifications to make a contribution to the pursuit of the objects or the management of the charity.

When any new trustee is appointed the trustees shall ensure that any land belonging to the charity which is not vested or about to be vested in a custodian trustee and all other property of the charity which is not vested or about to be vested in a custodian trustee or a nominee is effectively vested in the persons who are the trustees following such appointment.

If for any reason trustees cannot be appointed in accordance with the foregoing positions the statutory power of appointing new or additional trustees shall be exercisable.

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees' report was approved by the Board of Trustees.

Mrs R H Franklin Trustee

14 October 2025

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

I report to the trustees on my examination of the financial statements of The William Dean Countryside and Educational Trust (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

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 that in any material respect:

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 financial statements to be reached.

Peter McNulty FCA FCCA

Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET England

14 October 2025

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted Unrestricted
funds funds
2024 2023
Notes £ £
Income from:
Investments 3 90,534 87,195
Total income 90,534 87,195
Expenditure on:
Raising funds 4 4,033 3,850
Charitable activities 6 95,433 72,518
Other expenditure 11 97 106
Total expenditure 99,563 76,474
Net gains/(losses) on investments 12 54,769 130,731
Net income and movement in funds 45,740 141,452
Reconciliation of funds:
Fund balances at 1 January 2024 2,487,207 2,345,755
Fund balances at 31 December 2024 2,532,947 2,487,207

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes
Fixed assets
Investment property
14
Investments
15
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
The funds of the charity
Unrestricted funds
17		 2024
£
45,561
(1,799)		 £
1,105,000
1,384,185
2,489,185
43,762
2,532,947
2,532,947
2,532,947		 2023
£
50,397
(1,800)		 £
1,105,000
1,333,610
2,438,610
48,597
2,487,207
2,487,207
2,487,207

The financial statements were approved by the trustees on 14 October 2025

Mrs R H Franklin Trustee

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

The William Dean Countryside and Educational Trust is a charitable trust.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's deed of trust, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Freehold land is not depreciated.

1.6 Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Rental income 47,550 47,550
Income from listed investments 42,885 39,596
Interest receivable 99 49
90,534 87,195

4 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Investment management 4,033 3,850

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

5 Expenditure on charitable activities

Grants Grants
2024 2023
£ £
Direct costs
Grant funding of activities (see note 6) 91,403 65,405
Share of support and governance costs (see note 7)
Governance 4,030 7,113
95,433 72,518
Analysis by fund
Unrestricted funds 95,433 72,518
6 Grants payable
Grants to Grants to
institutions institutions
2024 2023
£ £
Grants to institutions (65 grants):
Amphibian & Reptile Conservation Trust 500 500
Astbury May Day Committee - 750
Astbury Mere Trust - 10,000
Baddeley Green Hedgehog Rescue - 1,000
Barn Owl Trust 250 -
Bat Conservation Trust 250 250
Bolin Valley Partnership 1,000 -
Bristol Zoo 1,000 -
Brogdale Collections - 500
Bromley Farm Hub - 100
Buglawton in Bloom 600 -
Buglawton Primary School - 500
Bumblebee Conservation Trust 1,000
Campaign To Protect Rural England (CPRE) - Cheshire Branch 250 250
Centre For Alternative Technology 500 500
Cetacean Research - 250
Cheshire Beekeepers' Association 500 -
Cheshire Wildlife Trust 16,000 15,000
Children's Adventure Farm Trust 1,000 1,000
Church Pastoral Aid Society 500 500
Clean Rivers Trust - 250
Climbing Out 750 750
Congleton & District Horticultural Society 500 250
Congleton Building Preservation Trust - 800
Congleton Community Projects 800 1,000
Congleton Sustainability Group 2,000 -
Congleton Town Council 2,300 750
Cuan Wildlife Rescue 500 500

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

6 Grants payable (Continued)
Curlew Action 1,000 -
Derbyshire Wildlife Trust 1,000 -
Douglas Macmillan Hospice 500 500
East Cheshire Hospice 200 200
East Cheshire NHS - Congleton War Memorial Hospital Garden 13,088 -
Endangered Species Protection Agency 1,000 -
European Squirrel Initiative 500 -
Finings Wood Community Group - 500
Framework Housing - 1,000
Freshfields Animal Rescue 500 500
Friends for Leisure - 1,200
Friends of Cromford Canal - 500
Future Trees Trust 500 500
Game & Wildlife Conservation Trust 500 -
Garden Classroom 500 500
Garden Organic 500 500
Harper Asprey Wildlife Rescue 500 -
Havannah Primary School (Forest School) - 2,000
Kingswood Trust 790 755
Lake District Foundation 1,000 750
LEAF (Linking Environment and Farming) 1,525 -
Learn For Life (Daven Primary School) 1,000 -
Lets Farm Extra CIC 4,000 1,000
Linking Environmen - 1,000
Lower Moss Wood Wildlife Hostpital 4,000 -
Macc Wild Network Trust 970 1,500
Macclesfield Community Tree Nursery CIC - 700
Marine Conservation Society - 500
Marton and District Primary School 3,000 -
Marwell Zoo 500 -
Mossley Women's Institute 350 -
Natures Safe 1,000 -
New Life Church 1,000 -
Newbold Astbury Cum Moreton PC 200 300
North of England Zoological Society (Chester Zoo) 2,000 1,000
Nottinghamshire Wildlife Trust 500 500
Oak Tree Farm - 1,000
Open University Donations Account 1,000 1,000
Our Lady Help of Christians, Catholics Academy Trust (St Marys Primary, Forest School) - 2,000
Outward Bound Trust 1,290 1,000
Passion for Learning 2,040 -
PCC St Marys Church Astbury 2,000 -
Pettypool Trust - 1,000
Plant Heritage 500 -
Prickles Hedgehog Rescue 250 250
Rare Breeds Survival Trust - 250
Reading University, Hedgehog Society - 100
Royal Society for the Protection of Birds England - 1,000
Sheffield & Rotherham Wildlife Trust 1,000 500
Shropshire Barn Owl Trust - 500
Smallwood School PTA 2,500 -

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

6
Grants payable
Soil Association
Songbird Survival
SOS-UK
Spitalfields City Farm
Strongbones Children's Charitable Trust
Surfers Against Sewage
The Grab Trust
The National Garden
The Renewal Trust
The Save Me Trust
The Wingate Special Childrens Trust
Tree Action UK CIC
Trinity Methodist Church
Vauxhall City Farm
Whirlow Hall Farm Trust
Woodland Heritage
Zoological Society of London
7
Support costs allocated to activities
Governance costs
Analysed between:
Grants
Governance costs comprise:
Audit fees
Legal and professional
Admin costs
8
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements		 (Continued)
-
500
250
-
2,000
-
-
500
-
500
500
-
250
250
-
250
-
500
-
500
1,000
-
500
500
1,500
-
1,000
-
1,000
1,000
-
500
500
500
91,403
65,405
2024
2023
£
£
4,030
7,113
4,030
7,113
2024
2023
£
£
1,800
1,800
(25)
3,054
2,255
2,259
4,030
7,113
2024
2023
£
£
1,800
1,800		 (Continued)
-
500
250
-
2,000
-
-
500
-
500
500
-
250
250
-
250
-
500
-
500
1,000
-
500
500
1,500
-
1,000
-
1,000
1,000
-
500
500
500
91,403
65,405
2024
2023
£
£
4,030
7,113
4,030
7,113
2024
2023
£
£
1,800
1,800
(25)
3,054
2,255
2,259
4,030
7,113
2024
2023
£
£
1,800
1,800
65,405
2023
£
7,113
7,113
2023
£
1,800
3,054
2,259
7,113
2023
£
1,800

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

Total
There were no employees whose annual remuneration was more than £60,000.		 2024
Number
-		 2023
Number
-

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

11 Other expenditure

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Financing costs 97 106
12 Gains and losses on investments
Unrestricted Unrestricted
funds funds
2024 2023
Gains/(losses) arising on: £ £
Revaluation of investments 54,247 130,458
Sale of investments 522 273
54,769 130,731

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Investment property

2024
£
Fair value
At 1 January 2024 and 31 December 2024 1,105,000

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

14 Investment property

(Continued)

Investment property comprises land & buildings. The fair value of the investment property has been arrived at on the basis of a valuation carried out on 13 December 2023 by Whittaker & Biggs Chartered Surveyors and valuers.

Freehold
15
Fixed asset investments
Cost or valuation
At 1 January 2024 & 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
16
Creditors: amounts falling due within one year		 Freehold
15
Fixed asset investments
Cost or valuation
At 1 January 2024 & 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
16
Creditors: amounts falling due within one year		 2024
2023
£
£
1,105,000
1,105,000
Listed
investments
£
1,333,610
1,333,610
1,333,610		 2023
£
1,105,000
1,333,610
1,333,610
2024
2023
£
£
Accruals and deferred income
1,799
1,800
Creditors: amounts falling due within one year
2024 2023
£ £
Accruals and deferred income 1,799 1,800

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January
2024
£
General funds
2,487,207
Previous year:
At 1 January
2023
£
General funds
2,345,755		 Incoming
resources
Resources
expended
Gains and
losses
At 31 December
2024
£
£
£
£
90,534
(99,563)
54,769
2,532,947
Incoming
resources
Resources
expended
Gains and
losses
At 31 December
2023
£
£
£
£
87,195
(76,474)
130,731
2,487,207

THE WILLIAM DEAN COUNTRYSIDE AND EDUCATIONAL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

18 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Rental income
2024
£
Rent of land
5,750
Admin expenses
-
5,750		 Admin expenses
2023
2024
£
£
5,750
-
-
2,255
5,750
2,255		 2023
£
-
-
-

One of the trustees J E Ward is a partner of E Ward & Son a tenant which rents land from the William Dean Trust; the tenancy agreement was negotiated at arms length advised by an independent qualified valuer acting in the interests of the charity. The tenancy agreement is reviewed regularly on the same commercial basis as other tenancy agreements the trust holds.

R Franklin a trustee was paid for providing admin services at the same market rate as the previous non trustee administrator.