Company Registration Number 3567659
## **Millennium Farm Trust**
(a private company limited by guarantee)
## **Unaudited**
**Trustees’ Report and Financial Statements For the Year Ended 31st March 2025**
Registered Charity Number 1070145
**Millennium Farm Trust**
## **Trustees’ Report and Financial Statements**
## **Year Ended 31[st] March 2025**
|**Contents**|**Page**|
|---|---|
|Company Information|1|
|Trustees’ Annual Report|2 to 4|
|Independent Examiner’s Report to the Trustees|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 14|
**Millennium Farm Trust**
**Company Information**
## **Year Ended 31[st] March 2025**
**Directors and Trustees** Nicky Hunter (resigned 16[th] July 2024) Louisa Wells Jeremy Massey (Chairman) Amanda O’Neill Helen Wilson Peter Robert Easton Turner Brett Cowell (appointed 16[th] July 2024) Gylda Nunn (appointed 16[th] July 2024) **Secretary** Andy Hunter (resigned 16[th] July 2024) Jeremy Massey (appointed 20[th] July 2024) **Company Registered Number** 3567659 **Charity Registered Number** 1070145 **Registered Office** Rookery Farm Depden Bury St Edmunds Suffolk IP29 4BU **Independent Examiner** Annatrice Limited 10, The Thoroughfare Harleston Norfolk IP20 9AX
1
**Millennium Farm Trust**
## **Trustees’ Annual Report**
## **Year Ended 31[st] March 2025**
The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Millennium Farm Trust (the company) for the year ended 31 March 2025. The Trustees confirm that the financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the Statement of Recommended Practice: “Accounting and Reporting by Charities” (FRS 102).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic and Director’s Report) Regulations 2013 is not required.
The trustees have complied with the duty in Section 17 (5) of the 2011 Charities Act to have paid due regard to guidance issued by the Charity Commission in relation to the activities being for the public benefit.
## **Structure, governance and management**
## Constitution
Millennium Farm Trust is a company limited by guarantee, incorporated 20 May 1998, and governed by its Memorandum and Articles of Association. It is registered as a charity with the Charity Commission.
The Trustees administer the charity and have control of the trust, its property and its funds. The Directors and Trustees who served during the year were Mr A Hunter, Mrs N Hunter, Mrs L Wells, Mrs A O’Neill, Mrs H Wilson, Mr J Massey and Mr P Turner.
The charity has been run with seven Trustees and a management committee.
We have 8 paid support workers who work varying days per week, and continue to be supported by a team of volunteers. We continued to ensure the governance was correct, developing and reviewing the systems previously put in place.
## Method of Appointment or Election of Trustees
New Trustees are advertised for against requirements set out in a job description. Applicants are reviewed and selected for interview. The Chairperson and one other Trustee and Director interview candidates to select the most appropriate person for the role. The successful candidate is provided with a trustee induction (which includes an induction pack).
## **Related Party Relationships**
None of the Trustees received remuneration or other benefits from their work as trustees with the charity. Details of other transactions with Trustees are fully disclosed in note II. There are no related parties under common control, or under the control of the Trust, nor is the Trust under the control of any party.
## **Objectives and Activities**
Our objectives continue to be to advance the education of persons who have learning difficulties or disabilities, mental health problems or acquired brain injuries and pupils currently or at risk of exclusion from school opportunities for training work experience and/or employment in agriculture, horticulture and related subjects and in the principles of good citizenship so that such persons can develop their physical, mental and spiritual capacities and grow to full maturity as individuals and members of society and improve their conditions of life in the County of Suffolk and surrounding areas.
We offer a place where people can come and learn, relax and find the peace that can be uniquely found whilst working on the land.
During the year we progressed and developed operations at Rookery farm where we offered services including animal husbandry, horticulture and agriculture.
2
**Millennium Farm Trust**
## **Trustees’ Annual Report (continued)**
## **Year Ended 31[st] March 2025**
## **Achievements and performance**
We continued to develop the site at Depden for the benefit of our farm helpers improving the land and caring for the animals as well as the ongoing site improvements. The lorry purchased last year has proven to be a useful asset to support contract work undertaken which has continued to grow.
The farm helpers continued to work on their awards and AQA’s and were again presented with their certificates at the AGM. They also enjoyed another day out at the Suffolk Show.
Excess funds were also used to complete some of the projects started last year including the pig sty, aviary alongside much needed works to the stables. We also created a small animal area.
Homemade Pizza’s and Soup continue to be produced in the outside kitchen for homemade lunches to continue to support the healthy eating initiative.
Fundraising included another successful Living Nativity event which received good reviews from those that attended alongside various open days. The Christmas Trees proved popular again and once again sold out in record time.
## **Financial review**
Net incoming resources for the year were £44,846 (2024: £54,232).
In addition to covering the day to day running costs of the service we continued to invest in the site using grants and our own excess resource.
We have also grown our reserves to provide cash flow contingencies and support longer term projects. Our expenses continue to relate to the payment of support workers, our base, ongoing projects as well as material costs and replacement of tools and equipment.
## **Reserves and Investment Policy**
The charity retains around two months working capital along with any other committed spends; this is reviewed on a quarterly basis in line with the forward view. The funds are retained in easy access bank accounts. Total free reserves (unrestricted funds excluding fixed assets) at the end of the period was £154,718 (2024: £120,798).
## **Plans for future developments**
Future plans and developments are discussed and agreed during the regular Trustee meeting held and timescales set along with a full cost appraisal and how cost will be met. e.g. from our funds or grant requests/fundraising etc; these in the main relate to projects for the farm helpers and/or improvements to the Depden site for the benefit of the farm helpers.
## **Risk management**
The Trustees have assessed the major risks to which the charity is exposed and established systems and procedures to mitigate exposure to the major risks.
## **Public benefit**
In carrying out the activities of the Trust, the Trustees have regard to the guidance issued by the Charity Commission on public benefit and are satisfied that the Trust meets the objectives of the Charities Act.
## **Going concern**
The Trustees have a reasonable expectation that adequate resources exist for the charity to continue to operate for the foreseeable future and thus continues to adopt the going concern basis of accounting in preparing these accounts.
## **Trustees’ Responsibility Statement**
3
**Millennium Farm Trust**
## **Trustees’ Annual Report (continued)**
## **Year Ended 31[st] March 2025**
The Trustees (who are also directors of Millennium Farm Trust for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law. the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
## 23/12/2025
This report was approved by the Trustees on ………………………………………… and signed on their behalf by:
## Louisa Wells
Louisa Wells (Dec 23, 2025 21:56:05 GMT)
…………………………………………………………………………………
## Louisa Wells
Print Name ……………………………………………………………… Trustee
4
**Independent Examiner’s Report**
## **to the Trustees of Millennium Farm Trust**
## **Year Ended 31[st] March 2025**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2025 which are set out on pages 6 to 13.
This report is made solely to the charity’s Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in an Independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for my work or for this report.
## **Responsibilities and basis of report**
As the charity 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 company’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**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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.
Mr Anthony Brice MEng (Hons) FCCA, Director Annatrice Limited, Chartered Certified Accountant and Registered Auditor 10, The Thoroughfare Harleston Norfolk IP20 9AX 24/12/2025
5
**Millennium Farm Trust**
## **Statement of Financial Activities**
## **(Incorporating Income & Expenditure Account)**
## **Year Ended 31[st] March 2025**
|**Unrestricted**
**Funds**
**Note**
**£**
**Incoming Resources**
**From generated funds**
Grants and donations
**4**
11,414
Charitable activities
**5**
354,267
**Total incoming resources**
**365,681**
**Resources Expended**
Cost of raising funds
-
Charitable activities
**6**
332,116
**Total resources expended**
**332,116**
**Net (outgoing)/incoming resources**
**33,565**
Transfers between funds
-
**Net movement in Funds**
**33,565**
**Reconciliation of Funds**
Balances brought forward
**279,181**
**Balances carried forward**
**312,746**|**Restricted**
**Total**
**_Total_**
**Funds**
**Funds 2025**
**_Funds 2024_**
**£**
**£**
**_£_**
12,000
23,414
_15,446_
-
354,267
_306,912_
**12,000**
**377,681**
**_322,358_**
-
-
_-_
719
332,835
_268,126_
**719**
**332,835**
**_268,126_**
**11,281**
**44,846**
**_54,232_**
-
-
_-_
**11,281**
**44,846**
**_54,232_**
**96,111**
**375,292**
_321,060_
**107,392**
**420,138**
**_375,292_**|
|---|---|
The charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
The notes on pages 8 to 13 form part of these financial statements
6
**Registration Number 3567659**
## **Millennium Farm Trust**
## **Balance Sheet**
## **Year Ended 31[st] March 2025**
|**Note**
**Fixed assets**
Tangible assets
**8**
**Current assets**
Debtors
**9**
Cash at bank and in hand
**Creditors:**
Amounts falling due
within one year
**10**
**Net current assets**
**Total assets less**
**Current liabilities**
Long term liabilities
**Total net assets**
**Represented by:**
Unrestricted funds
**11**
Restricted funds|**2025**
**£**
**£**
253,177
30,997
137,889
**168,886**
1,925
**166,961**
**420,138**
-
**420,138**
312,746
107,392
**420,138**|**_2024_**
**_£_**
_49,918_
_72,896_
**_122,814_**
_1,773_|**_£_**
_254,251_
**_121,041_**
**_375,292_**
_-_
**_375,292_**
_279,181_
_96,111_
**_375,292_**|
|---|---|---|---|
|||||
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31[st] March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31[st] March 2025 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which 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 company as at the end of each financial year and of its profit or loss 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 company.
The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
## 23/12/2025
These financial statements were approved by the trustees on …………………………………………and are signed on their behalf by;
## Louisa Wells
Louisa Wells (Dec 23, 2025 21:56:05 GMT)
…………………………………………………………………………………
## Louisa Wells
Print Name ………………………………………………………………Trustee
The notes on pages 8 to 13 form part of these financial statements.
7
**Millennium Farm Trust**
## **Notes to the Financial Statements**
## **Year Ended 31[st] March 2025**
## **1. Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
## **a) Basis of accounting**
The charity is a private company limited by guarantee registered in England and Wales and governed in accordance with its articles of association. The address of the registered office is given in the charity information page of these financial statements. The nature of the charity’s operations and principal activities are described in the Trustees’ Report. The members of the company are the Trustees named on the company information page. In the event of the company being wound up the liability in respect of the guarantee is limited to £1 per member of the company.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 1st January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements are prepared on a going concern basis under the historical cost convention in sterling which is the functional currency of the charity
## **b) Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Surpluses on restricted funds are made available to other funds in the furtherance of the objectives of the charity as a whole.
## **c) Income Recognition**
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
The principal sources of income received by the charity are accounted for in the Statement of Financial Activities as follows:
## Donations and legacies
Donations are recognised when the charity has been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
8
**Millennium Farm Trust**
## **Notes to the Financial Statements (continued)**
## **Year Ended 31[st] March 2025**
## Grants
Income from grants, whether capital grants or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.
## **d) Resources expended**
Expenditure is recognised on an accruals basis once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.
Expenditure on charitable activities comprises direct expenditure attributable to the charity's principal activities.
Costs of raising funds relates to costs incurred in securing funding from external sources
## **e) Fixed assets**
Tangible fixed assets are stated at historic cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
## Plant and equipment
20% Straight Line
## **f) Financial instruments**
The charity only has financial assets and financial 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **g) Judgements in applying accounting policies and key sources of estimation uncertainty**
Estimates and judgements are based on historical experience and other factors, including expectations of future events, which are believed to be reasonable under the circumstances and are subject to continuous monitoring.
The Charity makes estimates and assumptions relating to future events which will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.
## **h) Useful economic lives and residual values of tangible assets**
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.
## **2. Taxation**
Millennium Farm Trust is a registered charity and is therefore exempt from direct taxation.
## **3. Income**
All income is wholly attributable to the charitable activity of the company and arises solely within the United Kingdom.
9
**Millennium Farm Trust**
## **Notes to the Financial Statements (continued)**
## **Year Ended 31[st] March 2025**
## **4. Grants and Donations**
|||**Unrestricted**|**Restricted**|**Restricted**|**_Total 2024_**|
|---|---|---|---|---|---|
|||**Funds 2025**|**Funds 2025**|||
|||**£**|**£**||**_£_**|
||General donations|11,414||-|_15,446_|
||General grants|-||-|_-_|
||Council covid related grants|-||-|_-_|
||Various restricted grants (see note 11)|-|12,000||_-_|
|||**11,414**|**12,000**||**_15,446_**|
|**5.**|**Incoming Resources from Charitable Activities**|||||
|||**Unrestricted**|**Restricted**||**_Total_**|
|||**Funds 2025**|**Funds 2025**||**_Funds 2024_**|
|||**£**|**£**||**_£_**|
||Farm Helpers|340,982||-|_289,939_|
||Produce and contract|13,285||-|_16,973_|
|||**354,267**||**-**|**_306,912_**|
|**6.**|**Analysis of Charitable Expenditure**|||||
|||**Unrestricted**|**Restricted**||**_Total_**|
|||**Funds 2025**|**Funds 2025**||**_Funds 2024_**|
|||**£**|**£**||**_£_**|
||Advertising|1,659||-|_4,126_|
||Consultancy|58,592||-|_55,000_|
||Staff|159,819||-|_108,942_|
||Travel|181||-|_671_|
||Rent|17,017||-|_10,500_|
||Insurance|4,504||-|_3,234_|
||Project Expenditure|23,386||-|_20,652_|
||General|61,066||-|_58,057_|
||Independent Examiner’s fee|1,575||-|_1,570_|
||Legal and professional|1,581||-|1,363|
||Bad debts|-||-|_-_|
||Depreciation|2,736||719|_4,011_|
|||**332,116**||**719**|**_268,126_**|
|**7.**|**Staff costs**|||||
||||**2025**||**_2024_**|
||||**No.**||**_No._**|
||The average number of staff employed by the charity|||||
||during the financial year amounted to:||11||_12_|
No employee received remuneration amounting to more than £60,000 in either year.
10
**Millennium Farm Trust**
## **Notes to the Financial Statements (continued)**
## **Year Ended 31[st] March 2025**
|**8.**|**Tangible fixed assets**||||||||
|---|---|---|---|---|---|---|---|---|
||||||**Property**||**Plant &**|**Total**|
||||||**Improvements**||**Equipment etc**||
||||||**£**||**£**|**£**|
||Cost||||||||
||At 1stApril 2024||||242,639||44,470|287,109|
||Additions||||1,439||1,542|2,981|
||Disposals|||||-|(2,454)|(2,454)|
||At 31stMarch 2025||||**244,078**||**43,558**|**287,636**|
||Depreciation||||||||
||At 1stApril 2024|||||-|32,858|32,858|
||Charge for the year|||||-|4,055|4,055|
||Elimination on disposal|||||-|(2,454)|(2,454)|
||At 31stMarch 2025|||||**-**|**34,459**|**34,459**|
||Net book value||||||||
||At 31stMarch 2025||||**244,078**||**9,099**|**253,177**|
||_At 31st March 2024_||||**_242,639_**||**_11,612_**|**_254,251_**|
|**9.**|**Debtors**||||||||
||||||||**2025**|**_2024_**|
||||||||**£**|**_£_**|
||Trade debtors||||||29,766|_46,137_|
||Prepayments||||||1,231|_1,356_|
||Other debtors||||||-|_2,425_|
||||||||**30,997**|**_49,918_**|
|**10.**|**Creditors: Amounts falling due within**|**one year**|||||||
||||||||**2025**|**_2024_**|
||||||||**£**|**_£_**|
||Trade creditors||||||100|_100_|
||Accruals||||||700|_700_|
||Credit card||||||1,125|_652_|
||Social security and other taxes||||||-|_-_|
||Other creditors||||||-|_321_|
||||||||**1,925**|**_1,773_**|
|**11.**|**Summary of Funds**||||||||
|||**Balance at**|||**Incoming**||**Outgoing &**|**Balance at**|
|||**1st April 2024**|||||**Transfers**|**31st March 2025**|
|||**£**|||**£**||**£**|**£**|
||Restricted funds:||||||||
||Pig Sty|||-||-|-|-|
||New HQ|86,617||||-|(719)|85,898|
||Suffolk County Council – Paths|4,020||||-|-|4,020|
||Moncrieff Trust – Paths||750|||-|-|750|
||WSC Artist in Residence|1,298||||-|-|1,298|
||Growing Together (Saturday Opening)|
3,426||||-|-|3,426|
||St Edmunds Trust|||-|12,000||-|12,000|
|||**96,111**|||**12,000**||**(719)**|**107,392**|
||General unrestricted funds|**279,181**|||**365,681**||**(332,116)**|**312,746**|
11
**Millennium Farm Trust**
## **Notes to the Financial Statements (continued)**
## **Year Ended 31[st] March 2025**
## **Description of Restricted Funds:**
Pig Sty - awarded to build new pig sty’s
New HQ and toilets – Lottery grant awarded to assist with new toilets and new modular building Moncrieff Trust – grant awarded to assist with new paths
Suffolk County Council Paths – grant awarded to assist with new paths
WSC Artist in Residence – to assist with flooring project in outside kitchen
Growing Together (Saturday Opening) - West Suffolk Council Community Chest grant to support working with individuals with mental health
## **12. Analysis of net assets between restricted and unrestricted funds**
|**Tangible**
**Other Net**
**Fixed Assets**
**Assets**
**£**
**£**
Restricted funds
95,149
12,243
Unrestricted funds
158,028
154,718
**253,177**
**166,961**
**13.**
**Financial Instruments**
**2025**
**£**
Financial assets measured at amortised cost
29,766
Financial liabilities measured at amortised cost
100|**Total**
**£**
107,392
312,746|
|---|---|
||
**420,138**|
||**_2024_**
**_£_**
_48,562_
_100_|
Financial assets measured at amortised cost comprise debtors excluding prepayments. Financial liabilities measured at amortised cost comprise creditors excluding accruals and deferred income.
## **14. Related Party Transactions**
During the year the Trust undertook transactions, on normal commercial terms, totalling £75,609 (2024 - £65,500) with Depden Care Farm Services Limited, a company controlled by T Freathy who owns the land where Millennium Farm Trust operates.
Rent -£17,017 (2024 - £10,500) Consultancy - £58,592 (2024 - £55,000)
At the 31st March 2025 there was £Nil (2024 - £ Nil) due to Depden Care Farm Services Limited which is included in creditors. At the 31st March 2025 Depden Care Farm Services Limited owed the Trust £nil (2024 – £2,425) for an advance included in other debtors.
During the year the charity spent £1,439 (2024: £ nil) on leasehold property improvements £nil (2024: £ nil) of which was financed by restricted funds. The leasehold property belongs to T Freathy and is occupied by the charity under a lease agreement which expires on 28[th] September 2030.
None of the Trustees received remuneration benefit or reimbursement of expenditure or payment for services provided during the year.
12
**Millennium Farm Trust**
## **Notes to the Financial Statements (continued)**
## **Year Ended 31[st] March 2025**
## **15. Members Guarantee**
The company has no share capital but is limited by guarantee. Each member would be committed to make a contribution not exceeding £10 in the event of winding up.
## **16. Operating Lease Commitments**
The following operating lease commitments existed at the balance sheet date:
|Land and
Due within one year
Due between one and five years|buildings
£12,100
£45,375
£57,475|
|---|---|
13
**Millennium Farm Trust**
## **Notes to the Financial Statements (continued)**
## **Year Ended 31[st] March 2025**
## **18. Comparative Statement of Financial Activities**
|||**Unrestricted**|**Restricted**|**Total**|**_Total_**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds 2024**|**_Funds 2023_**|
||**Note**|**£**|**£**|**£**|**_£_**|
|**Incoming Resources**||||||
|**From generated funds**||||||
|Grants and donations|**4**|15,446|-|15,446|_19,507_|
|Charitable activities|**5**|306,912|-|306,912|_235,187_|
|**Total incoming resources**||**322,358**|**-**|**322,358**|**_254,694_**|
|**Resources Expended**||||||
|Cost of raising funds||-|-|-|_366_|
|Charitable activities|**6**|264,277|3,849|268,126|_240,191_|
|**Total resources expended**||**264,277**|**3,849**|**268,126**|**_240,557_**|
|**Net (outgoing)/incoming resources**||**58,081**|**(3,849)**|**54,232**|**_14,137_**|
|Transfers between funds||-|-|-|_-_|
|**Net movement in Funds**||**58,081**|**(3,849)**|**54,232**|**_14,137_**|
|**Reconciliation of Funds**||||||
|Balances brought forward||**221,100**|**99,960**|**321,060**|_306,923_|
|**Balances carried forward**||**279,181**|**96,111**|**375,292**|**_321,060_**|
14
## Final docs for e-signature MFT YE 31.03.25 1 of 2
Final Audit Report
## 2025-12-24
Created: 2025-12-23 By: Anthony Brice (anthonyjbrice@gmail.com) Status: Signed Transaction ID: CBJCHBCAABAAviAMgNcXIn4M6FCDGmU633qQRla1Rt1e
## "Final docs for e-signature MFT YE 31.03.25 1 of 2" History
## Document created by Anthony Brice (anthonyjbrice@gmail.com)
2025-12-23 - 6:29:18 PM GMT- IP address: 46.233.91.105
## Document emailed to samlouw@uwclub.net for signature
2025-12-23 - 6:31:54 PM GMT
- Email sent to connect@longmeadow19.plus.com bounced and could not be delivered
2025-12-23 - 6:32:04 PM GMT
## Email viewed by samlouw@uwclub.net
2025-12-23 - 9:54:56 PM GMT- IP address: 78.148.211.38
- Signer samlouw@uwclub.net entered name at signing as Louisa Wells
2025-12-23 - 9:56:03 PM GMT- IP address: 78.148.211.38
## Document e-signed by Louisa Wells (samlouw@uwclub.net)
Signature Date: 2025-12-23 - 9:56:05 PM GMT - Time Source: server- IP address: 78.148.211.38
## Document emailed to anthony@ajbriceaccountancy.co.uk for signature
2025-12-23 - 9:56:07 PM GMT
## Email viewed by anthony@ajbriceaccountancy.co.uk
- 2025-12-24 - 10:23:08 AM GMT- IP address: 89.241.243.66
- Signer anthony@ajbriceaccountancy.co.uk entered name at signing as Anthony Brice 2025-12-24 - 10:23:54 AM GMT- IP address: 89.241.243.66
## Document e-signed by Anthony Brice (anthony@ajbriceaccountancy.co.uk)
Signature Date: 2025-12-24 - 10:23:56 AM GMT - Time Source: server- IP address: 89.241.243.66
Agreement completed.
2025-12-24- 10.'23.'56 AM GMT
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