C¢Mnpany regIStrat￿n number.. 046980S8 Charty registration number.. 1099420 nrcJlSTRAR OF i PANIES New Forest Trust {A ¢￿TrpanY limrted by guarantee) Annual Rewt and Fina￿la1 Stalements lor the Year Ended 31 March 2025 *AEMFNF• 30M7r2025 COMPANIES HOUSE #132 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 pU￿1C 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 Art￿leS of AssOc￿li0n. Recruitment and appointment of trustees Truslee meetings are held periodicalty throughout the year. Potential appointments of new Iru51ees are discusserm 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 CUrr￿t 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 fr￿n audit under section 477 of the Companie$ Act 2006 relating to small companies. Directors, responsibilit￿S.. 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 ￿$p￿S[bilItieS for complwng wth the requirement5 of the Act with respect lo acwunling words and the prepaiation of &counts. i*tatement$ 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, inCorp￿ated in EngLqnd and Wa￿s. 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 apPl￿d 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 un￿5 othemse slated in the relevant accounting Folicy notes. Going concern The trustees ¢on$ider thal thefe are no material uncertainties about the chartys ability lo continue as a going concein nor any significanl areas of uncertainty that affect the carrying value of assels held by the charity. Income and endowments All income Is ￿cOgnised once the charrty has enlrtlement to the i1￿0Me. it is probable that the income will be received and the amount of the income receivable Can be measured feliabty. P¥ge 7 New Forest Trust Notes to the Financial Statements for the Year Ended 31 March 2025 Donations and legacies Donation$ 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 ent￿ed to the funds, the income ts deferred and not fecognised until either tI￿se 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