C¢Mnpany regIStratn number.. 046980S8 Charty registration number.. 1099420 nrcJlSTRAR OF i PANIES New Forest Trust {A ¢TrpanY limrted by guarantee) Annual Rewt and Finala1 Stalements lor the Year Ended 31 March 2025 *AEMFNF• 30M7r2025 COMPANIES HOUSE
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New Forest Trust Contents Strategic Rewl Trustee5 Report 2103 Independent ExamineV5 Report Statement of Financial A¢tNib"es Balance Sheet Notes lo the Financial Slalemenls 71014
New Forest Trust Strategic Report for the Year Ended 31 March 2025 The Iruslees. who are directors for the purposes of company law, present their strategic report for the year ended 31 March 2025. in compliance with $414C of the C¢Jnpanies Act 2006. Financlal review Poli¢y on reseNes The trustees believe that a reser¥es policy of maintaining free reserves equal to btheen three and six months of unrestricted expenditure is appropriale. Free rese(ves currently exceed this level as trustees predicl a shortfall in income over the coming years. The strategic report was approved by the trustees of the Charity behalf ty.. and signed on rts Mrs H K M Harper Trustee S J Robertso Trustee Page 1
New Forest Trust Trustees Report The Irustees, who are directors for the purposes of eompany law. present the annual report together with the financial ststements of the charitsble company for the year ended 31 March 2025. Objectives and activiti•s Objects and alms The principal objectives of the charitable Company in the year under review are_"_ promoting the conservation. protection and improvemenl of the New Forest promoting the conservation ar protecti of the commoning INestock. deer and other fauna of the New Forest promoting the education and undefstanding of the public in the commoniThJ of Iwestock. of flora. fauna and the environment of the New Forest Public benefit All charitable activities focus on the protection and improvement of the New Forest. together with ils flora and fauna and education of the pU1C in these respects. These acliwlies are undertaken lo further charitable purpose for the public benefit. The trLJStees confim that they have cornplied the requirements of section 17 of the Charities A¢1 2011 to have due gard to Ihe public benefft guidance published by the Charty Commission for England and Wales. Structure. governonce and management Nature olgoveming document The organisation is a charilable Company h'mited by guarantee, incorwrated on 14 Mwch 2003 and registered as a charity on 15 September 2003. The company was esiablished under a Memorandum of Association which established the objects and powers of the charitable company and is governed under ils ArtleS of AssOcli0n. Recruitment and appointment of trustees Truslee meetings are held periodicalty throughout the year. Potential appointments of new Iru51ees are discusse<l al these meetirvJs. Prc¢eduTes fow the indvclion and training of new trustees a in place. Trnsteès and offi¢e The trustees and officers serwn9 during the year and sIe the year end were a5 follow5.. Trustees.. O N Crosthwaite-Eyre D A Thompson W J A Ziegler Mrs S J Houston Mrs H K M Harper Mrs D V Weslerhoff Mrs T H Ormerod A Climpson (resigned 10 May 20241 S J Robertson Page 2
New Forest Trust Trustees Report Reference and Adminsstrative Oetails Charity Registration Nber Company Regislralion Number. 1099420 04698058 The charty is inc(ryiraled in England arKt Wak5. Towngate House 2 - 8 Parkstone Ro•J Poole Dorset 8H15 2PW Registered Office.. Independent Examiner.. PKF Francis Clark Towngate House 2 - 8 Parkstone Ro•J Poole Dorset BH152PW Solicitors.. Moore Barlthy LyTriington Lloyds Bank PLC Chrislchureh Bankers.. The annual report was approved by the Iruslees of the charrty on ..... behalf by.. and srgned on ils Mrs H K M Harper Trustee S J Robertson Trustee P•Je 3
New Forest Trust Independent Examinerfs Report to the trustees of New Forest Trust ('the Company,) l report to the charty trustees on my ewlal of the counls of the Company for the year ended 31 March 2025 Responsibilitie5 and basi$ of report As the charity's trustees of the Company land also rts directors for the purposes of company LThi) you are responsible for the preparation ol the accounls in accordan wlh Ihe requirements of the Companies Act 20061'the 20r% Acl'l. Having satisfied mysew 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 irt respect of rny examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 1.the 2011 AGt')_ In carrying out my examination I have folk)wed Ihe DIrectnS given by the Charity Commission under section 14515llb) ol the 2011 Act. Independent examinerfs statement I have Completed my examination. I confim that no matters have come to my attention ITr connection with the examination giwn9 me cause lo believe. 1. ac¢ounting re¢¢yds We not kept in respect of New Forest Trust as required by sects'on 386 of the 2006 Act.. or 2. the counls do not aOrd with I1$e records" 3. the a¢eoun15 do not comply wrth the accounting requirements of sectson 396 01 the 2006 Act other than any requirement that the account5 give a 'true and fair ¥1. which is not a matter considered as part of an independenl examinatiort. or 4. the accounts have not been prepared In accordance wth the methods and principles of the Statement of Recommended Practice for accounting and reportin9 by charilies lapplicable to charities preparing their accounts in accordance wth the Fin8nGial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no con nd have come across no other matter5 in connectK•n with the examination lo shoukl be drawn in thi$ report in order to enable a Pf¢wr under51anding of the e reached. accou on Lawes ACA Towngale House 2- 8 Parkstone Road Poole Dorset BH15 2PW Date.. 2q. 1. Zo2S P&Jt 4
New Forest Trust Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2025 Note Income and Endowments from: Donations and legac Investment income Other income 37.169 950 1.080 6.5CI) 1.143 43.669 2.093 1,080 Total income 39.199 7.643 46,842 Expenditure on: Charitable acliwbes 127.411 12.138 129,549 Total expenditure 27.411 2.138 29.549 Nel income Transfers bets¥een funds 11.788 1,23S 5.505 11.235 17,293 Nel movement in funds 13,023 4,270 17,293 Reconciliation of funds Total funds brought fornv8rd Total funds carried foThvard 65,487 97.210 162,697 13 78,510 Unrestricted funds 101,480 Restricted funds 179,990 Total 2024 Note Incomg and Endi)wments from: Donations and legaaes Investment income 23,886 6.500 858 30.386 Totsl income 24.472 7.358 31,830 Expenditure on: Charitable activities 14.990 3.352 18.342 Totsl expendsture Net inctyne Transfers btheen funds 114.9901 3,3521 118,342) 9.482 720 13,488 720 Nel movement in funds 8.762 4,726 13.488 RKonciliatlon of lunds Total funds brought forward Total fund5 earned fomwd 56.725 92,484 149,209 13 65.487 97.210 162.697 Th¢ notes on page$ 7 to 14 ft>rm an integral part of these financial statements. Pagè 5
New Forest Trust (Registration number.. 04698058) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 11 39.628 26.810 CUrrt assets Cash al bank and in hand 140.978 137,505 Créditors= Amounts falling dut within one year Net Current assets 12 616 1,618 140.362 135,887 Net assets 179,990 162,697 Funds of the ¢harlty: Rèstri¢t•d in¢om? funds Reslricled funds 101.480 97,210 unrestri¢t in¢ome lunds Unrestricted funds 78.510 85.487 Total funds 13 179,990 162,697 For the financial year ending 31 March 2025 the charity was entitw to exemption frn audit under section 477 of the Companie$ Act 2006 relating to small companies. Directors, responsibilitS.. The members have not required the charty to obtain an audit of ts acwunls for the year in question in accordance wrth section 476., and The directors acknowledge their $pS[bilItieS for complwng wth the requirement5 of the Act with respect lo acwunling words and the prepaiation of &counts. i*tatement$ on pages 5 to 14 were approved by the trustees, and authorised for issue on S arKb syned on their behaf by.. Mrs H K M Harpef Truslee obertson Tiuslee The notes on page5 7 to 14 form an tegra1 part ofthese financi4 ststernent& Pa¥6
New Forest Trust Notes to the Financial Statements for the Year Ended 31 March 2025 1 Charity status The charity is limited by guarantee, inCorpated in EngLqnd and Was. and Consequent does not have share cap((al. Each of the trustees is liable lo contribute an amount not exeeeding £1 towards the assets of the chariiy rn the event of liquKlation. The address of ils registered office is.. Towngate House 2 - 8 Parkstone Road Poole Dorsel BH15 2PW 2 Accounting policies Summary of signiflcant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial stslements are sel out below. These polties have been consistently apPld to all the years presented. unless otherwise slated. ststement of compllan The financial slalements have been prepared in accordance th Accounting and Reporting by Charities.. Statement of Recommended Pradice lappluble lo charities preparing their accounts in accordance wrth the Financial Reporting Standard appluble In the UK and Republic of Ireland IFRS 10211 (issued In October 20191- (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republ of Ireland (FRS 1021 and the Companies Act 2006. Basis of preparation New Forest Trust meets the deffinition of a publ benefrt entty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value un5 othemse slated in the relevant accounting Folicy notes. Going concern The trustees ¢on$ider thal thefe are no material uncertainties about the chartys ability lo continue as a going concein nor any significanl areas of uncertainty that affect the carrying value of assels held by the charity. Income and endowments All income Is cOgnised once the charrty has enlrtlement to the i10Me. it is probable that the income will be received and the amount of the income receivable Can be measured feliabty. P¥ge 7
New Forest Trust Notes to the Financial Statements for the Year Ended 31 March 2025 Donations and legacies Donation$ are recognised when the Charty has been nolffied in writing of both the amount and settlement date. In the event that a donatbon is subiecl to conditions that require a level of performance by the charty before the Char is ented to the funds, the income ts deferred and not fecognised until either tIse conditions are fulty met, or the lutfilment of those conditions is wholly within the of the charty and il Is probable that these conditsons will be fulf11 in the reporting period. Investment income Investment income is recognised on a receivable basis. Expenditure All expenditure is CogniSed once there is a legal or constru¢tive oblwjation to that expenditure, il is probable settlement is wuire<l and the amount Can be measured relbly. All costs are allocated to the applicable expenditure heading that aggregate simikqr Costs to th category. Where costs cannot be ¢Jirectty attnbuted lo parti¢ular headings they have beerb alkxated on a basis consistent wlh the use of resources, with central staff costs alk)caled the basis of lime spent, and depreciation charges allocated on the portion of the asset'5 use. Other support costs are allocated based on the Spread of staff costs. Charitable activitlg$ Charitable expenditure comprises those costs incurred by the charity in the delivery of it5 activities and sel¢e$ for its benelici8rEs. 11 includes both costs that can be allocated directty to such actitres and those cost$ of an indirect nature necessary lo support them. Govemance costs These include the costs atlributable to the eharity's compliance wlh conslit(rtional and slalulory uiremenls, Including independent examination, sIraleg rnageMt and trustees'$ mets"ng$ and reimbursed expenses. Taxation The charity 1$ considered to pa55 the lest5 sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and theref¢ye rt meets Ihe definition of a charitable company for UK corporation tax purposes. Accordingly. the chanty is potentially exempl from laxalion in respect of inc¢)me or capital gains received within categories covered by Chapter 3 Part 11 of Ihe Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such Income or gains are applEd exclusively lo charitable purposes. Tangible fixed assets Individual fixed assets costing £1. or more are init01 recofded al Cost, less any subsequent a¢cumuled depre¢ialk)n and 5ubseqiJent accumulated impairynent losse$. On 9 Seplember 2015, the chanty was gifted a ninety nine year se ¢M fifteen a¢res of land al Rockford, Ringwood. The land was gifted wlh Ihe proviso th it be used for the furtherance of the practice of commoning. Due to this proviso. the land ha5 been included in the financi81 statements at nil, being the lower of fepla¢ement cost recovefable 10nt. P8
New Forest Trust Notes to the Financial Statements for the Year Ended 31 March 2025 Depreciation and amoktsation Deprecialion is provKled on lartgib fixed assets so as to write off Ihe cost or valuation. less any eslimaled residual value. over their expected useful e¢0M1¢ lrfe as folbws" Asset class Office equipment Portable pavilion Improvements lo leasehokl property Depreciation method and rate 3 years straight line 10 years straight line a nol depreck4led Fund structure Unreslricled income fun<J5 are general fund$ that are availab for use al the Iruslees dIretIOn in furtherance of the objectives of Ihe ¢haTIty- Restrted income funds are those don*ed for use in a particular area or for specrfic purposes, the use of which is restrKted to that area or purpose. Flnanclal instruments Classificatlon Financial assets and financial lbIlItIeS are rwniseil when the charrty boMeS a party to the contractual provisions of the instrument. Financval liabilities and equty instruments are classrfied according lo the substance of the conlraclual arrangements entered into. An equty instrument Is any contract that ewdences a resvjual InteSt in the assets of the chaiity after deduct9 all of rts1obilitEs. Page g
New Forest Trust Notes to the Financial Statements for the Year Ended 31 March 2025 3 Income from donalions and l•gxi•s Unrestricted funds General Restricted funds Total funds Donations and legac$", Donations from Individuals 37,169 6,500 43,669 Total for 2025 37,169 6,500 43,669 Totsl for 2024 23.886 30,386 4 Investment incorne Unrestricted funds GenÈrnl Restricted funds Total funds Interest receivable and similar irKc*ne: Interest receivable on bank deposrts Total for 2025 950 1,143 2.093 950 1,143 2.093 Total for 2024 858 1,444 5 Other incom• Unrestrl¢ted funds General Total funds Other income 1.080 1,080 Total for 202S 1,080 1,080 Page 10
New Forest Trust Noles to the Financial Statements for the Year Ended 31 March 2025 6 Expenditure on charitable aciivities Unrestricted fund5 Gèneral Restri¢ted funds Total 2025 Totsl 2024 Publicty costs Website costs Subcontract lat<Jur In$uran¢e Rockfoid expenses Charitable donations Sundry expenses Depreciation of other tsngib assets Independent examination fee 764 113 1,436 1,852 127 2,814 1.349 626 17.310 123 127 2,814 3.487 626 17.310 123 2.138 12,191 281 799 818 618 618 27,411 2.138 29.549 18,342 7 Net incomingloutgoing resources Nel incoming resources for the year inchJ"de' 2025 2024 DeplatIon of fixed 8ssels 800 799 8 Trustees remuneration and exynses During the year the charty made the follwng transadions wrth trustees.. Mrs H K M Harper Mrs H K M Harper reiVed Ternuneration of £2.81412024.' £1,436) during the year. The monies paid to the trustee were Mi Spect of administration work. 9 Independent examlnees remunerntion 2025 2024 Examin*ioD of Ihe ffinanc statements 618 618 10 Taxation The charty is a registered Charity and rs therefore exempt frcth 18xalion. Pag•11
New Forest Trust Notes lo the Financial Statements for the Year Ended 31 March 2025 11 Tangible fix assets Land and Furniture and buildings equipment Portable pavilion Total Cost Al 1 April 2024 Additions 26,010 13.618 7.428 21,325 54.763 13,618 At 31 March 2025 39,628 7,428 21.32$ 68,381 Depreciation Al 1 April 2024 Charge for the year At 31 March 2025 7.428 20.525 800 27.953 800 7,428 21,325 28,7S3 Net book valuo Al 31 March 2025 39.628 39.628 At 31 March 2024 26,010 800 26.810 12 Credltors: amounts falllng duè within one year 2025 2024 Other creditors 616 1.618 Page 12
New Forest Trust Notes to the Financial Statements for the Year Ended 31 March 2025 13 Funds Balance at 1 April 2024 Balance at 31 March 2025 Incoming Resources resources expended Transfers Unrestri¢t•d funds General Unreslrided income fund 65.487 39.199 (27.4111 1.235 78,510 Restrfcted funds Beaulieu Road Sale Yard Jubilee Award Commoners Holding Fund 91.596 14,3861 10.OiJ) 7.61XI 43 {2.138) 4,422 4,343 10,000} 101,480 Total festrl¢ted funds 97.210 2,138 1.235 101.480 Total funds 162.697 29,549 179,990 Babnce at 1 April 2023 8alan¢e at 31 March 2024 Incoming Resources resources expended Transfèrs Unrestricted lunds General Unreslricled income fund 56.725 24.472 114.990) (7201 65.487 Restricted Beaulieu Road Sale Yard JUble Award Cc¥nmoners Holding Fund Total r•stri¢ted funds 86.292 13.8081 10,000 7.297 61 (3.352) 1.359 16391 91,596 14,386) 10,000 92.484 7,358 13.3521 720 97,230 Total funds 149.209 31.830 18.342 162.697 Page 13
New Forest Trust Notes to the Financial Statements for the Year Ended 31 March 2025 14 Analys1$ of net assets between funds Unwestricted funds General Total funds at 31 Mar¢h 2025 Restricted funds Tangible lixed assets Current assets Current liabilities 39.628 39.498 616 39,628 140,978 616 101.480 Tolal net assets 78.510 101,480 179,990 Unr•stri¢ted funds General Total funds at 31 March 2024 Restricted funds Tangible fixed assets Current assets Current IiabilrtS 26.810 40.295 11,618 65.487 26,810 137,505 1,6181 162,697 97.210 Total net assets 97.210 Page 14