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||Page|
|---|---|
|Referenceand administrativedetails|1|
|Chairman's Report|2|
|Reportof the Trustees|3 to 6|
|Independent Examiner’s Report|7 to 8|
|Statement of Financial Activities|9|
|BalanceSheet|10 to 11|
|Notes to theFinancial Statements|12 to 25|





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|||||31.12.24|31.12.23|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£|£|£|£|
|INCOME AND ENDOWMENTS FROM||||||
|Donations and legacies|2|1 11,748|61,191|172,939|302,003|
|Charitable activities|5|||||
|Suffolk Punch Trust Operations||2,275|3,500|5,775|13,189|
|Othertrading activities|3|516,749|217|316,966|291,823|
|Investment income|4|1,527|-|1,527|2,943|
|Total||432,299|64,908|497,207|609,958|
|EXPENDITURE ON||||||
|Raising funds|6|8,211|2,740|10,951|2,813|
|Charitable activities|7|||||
|Suffolk PunchTrust Operations||556,502|1,565|558,067|556,644|
|Suffolk PunchTrust Support Services||52,965|-|52,965|42,987|
|Total||617,678|4,305|621,983|602,444|
|NET INCOME/ (EXPENDITURE)||(185,379)|60,603|(124,776)|7,514|
|Otherrecognised gains/(losses)||||||
|Gains on revaluation of fixed assets||34,215||34,215|16,925|
|Transferbetween funds|20|40,933|(40,933)|-|-|
|Net movement infunds||(110,231)|19,670|(90,561)|24,439|
|RECONCILIATION OF FUNDS||||||
|Total funds brought forward||879,729|1,190,270|2,069,999|2,045,560|
|TOTAL FUNDS CARRIED FORWARD||769,498|1,209,940|1,979,438|2,069,999|





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|||||31.12.24|31.12.23|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£|£|£|£|
|FIXEDASSETS||||||
|Tangibleassets|13|745,811|-|745,811|704,766|
|Heritageassets|14|”|1,187,167|1,187,167|1,187,167|
|||745,811|1,187,167|1,932,978|1,891,933|
|CURRENT ASSETS||||||
|Stocks|15|5,797|-|5,797|16,102|
|Debtors|16|5,248|-|5,248|13,812|
|Cash atbank in hand||43,476|22,773|66,249|193,259|
|||54,521|22,773|77,294|223,173|
|CREDITORS||||||
|Amounts falling due within one year|17|(30,834)|"|(30,834)|(39,557)|
|NET CURRENTASSETS||23,687|22,773|46,460|183,616|
|TOTAL ASSETS LESS CURRENT LIABILITIES||769,498|1,209,940|1,979,438|2,075,549|
|CREDITORS||||||
|Amounts falling due aftermore than one|18|-|-|-|(5,550)|
|year||||||
|NETASSETS||769,498|1,209,940|1,979,438|2,069,999|
|FUNDS|20|||||
|Unrestricted funds||||769,498|879,729|
|Restricted funds||||1,209,940|1,190,270|
|||||1,979,438|2,069,999|





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|Entitlements||Not depreciated|
|---|---|---|
|Freehold property||Not depreciated|
|Visitor centre and cafeequipment||Straight line over 3 years|
|Plant and machinery|Miscellaneous equipment|Straight line over 10 years|
|Plant and machinery|Farm equipment|Straight line over 10 years|
|Plant and machinery|A1 equipment|Straight line over 10 years|
|Livestock||Not depreciated|
|Heritage artifacts||Not depreciated|
|Motor vehicles||Straight line over 10 years|



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|DONATIONS AND LEGACIES|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||31.12.24|31.12.24|31.12.24|31.12.23|
||£|£|£|£|
|Gifts anddonations|111,748|61,191|172,939|302,003|
|Total 2023|282,404|19,599|302,003||
|OTHER TRADING ACTIVITIES|||||
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||31.12.24|31.12.24|31.12.24|31.12.23|
||£|£|£|£|
|Friends' contributions|20,516|-|20,516|23,401|
|Covering and livery|73,637|-|73,637|39,383|
|RPA Enterprise Scheme|5,315|-|5,315|6,910|
|Shows and events|3,817|-|3,817|7,135|
|Entrance fees|87,902|-|87,902|74,296|
|Cafe sales|77,389|-|77,389|80,623|
|Miscellaneous income|2,429|-|2,429|4,763|
|Shop merchandise sales|38,937|-|38,937|46,997|
|Adopt a horse scheme|6,807|217|7,024|8,315|
||316,749|217|316,966|291,823|



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|INVESTMENT INCOME|||
|---|---|---|
||Unrestricted|Unrestricted|
||funds|funds|
||31.12.24|31.12.23|
||£|£|
|Rents received|558|558|
|Deposit account interest|969|2,385|
||1,527|2,943|





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|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||31.12.24|31.12.23|
||Activity|||£|£|
|Grants|SuffolkPunch Tust Operations|||5,775|13,189|
|Grants received, included in the above, areas follows:||||||
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|||31.12.24|31.12.24|31.12.24|31.12.23|
|||£|£|£|£|
|Suffolk Horse Society||-|-|-|3,905|
|National Lottery Community Fund||-|-|-|7,980|
|Coast & Heaths AONB||-|-|-|1,304|
|H&H Clients PremierHolmes||-|3,500|3,500|-|
|The Suffolk Coast Ltd||2,275|“|2,275|“|
|||2,275|3,500|5,775|13,189|
|Total 2023||3,905|9,284|13,189||
|RAISING FUNDS||||||
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|||31.12.24|31.12.24|31.12.24|31.12.23|
|||£|£|£|£|
|Fundraising costs||7,195|2,740|9,935|1,202|
|Interest payable and similar charges||1,016|“|1,016|1,611|
|||8,211|2,740|10,951|2,813|
|Total 2023||1,611|1,202|2,813||
|CHARITABLE ACTIVITES COSTS||||Support||
||||Direct|costs(see||
||||costs|note 8)|Totals|
||||£|£|£|
|Suffolk Punch Trust Operations|||558,067|-|558,067|
|Suffok Punch Trust Support Sendees|||-|52,965|52,965|
||||558,067|52,965|611,032|
|Total 2023|||556,644|42,987|599,631|





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|7|CHARITABLE ACTIVTTES COSTS (CONTINUED)|CHARITABLE ACTIVTTES COSTS (CONTINUED)||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|||31.12.24|31.12.24|31.12.24|31.12.23|
|||£|£|£|£|
||Analysis of SuffolkPunch Operations:|||||
||Staff costs|294.752|514|295.266|290,282|
||Livestockcosts|74.305|-|74,305|66,907|
||Cafe expenditure|25,648|-|25,648|24,544|
||Shop merchandise|26.518|-|26,518|28,399|
||Utilities|25,077|-|25,077|29,980|
||Insurance|18,873|-|18,875|17,074|
||Repairs and maintenance|14,707|1,051|15,758|25,791|
||Depreciation|44,532|-|44,532|33,807|
||Motor and travel expenses|22,981|-|22,981|11,937|
||IT expenses|2,130|-|2,130|14,048|
||Other admin costs|6,979|-|6,979|13,876|
|||556,502|1,565|558,067|556,644|





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|SUPPORT COSTS||||
|---|---|---|---|
|||Governance||
||Finance|costs|Totals|
||£|£|£|
|Supporting the continuation of the Suffolk Punch|5,120|47,845|52,965|
|Total 2023|5,590|37,397|42,987|
|Analysis of Governance costs:||31.12.24|31.12.23|
|||£|£|
|Independent examiner’s fees||3,450|3,250|
|Other fees payableto Independent examiner||11,891|6,631|
|Other accountancy fees*||18,207|21,173|
|Legal & professional fees||14,297|6,343|
|||47,845|57,397|



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||31.12.24|31.12.23|
|---|---|---|
||£|£|
|Depreciation - owned assets|(44,532)|(33,807)|
|Surplus on disposal of fixed assets|5,958|700|



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|STAFF COSTS|||
|---|---|---|
||31.12.24|31.12.23|
||£|£|
|Wagesand salaries|302,350|300,595|
|Other pension costs|5,169_____5,242||
||307,519|305,837|





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|TANGIBLE FIXED ASSETS||||
|---|---|---|---|
|||Visitor||
||Freehold|centre &|Plant and|
||property|cafeeqpmt|Machinery|
||£|£|£|
|COST||||
|At 1 January 2024|564,264|99,039|70,094|
|Additions|2,213|3,546|20,604|
|Transfer|(54,495)|-|54,495|
|At 31 December 2024|511,982|102,585|145,193|
|DEPRECIATION||||
|At 1 January 2024|114,535|70,057|24,049|
|Charge for year|-|20,430|13,861|
|Transfer|(6,094)|-|6,094|
|At 31 December 2024|108,441|90,487|44,004|
|NET BOOK VALUE||||
|At 31 December 2024|403,541|12,098|101,189|
|At 31 December 2023|449,729|28,982|46,045|





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|||Heritage|Motor||
|---|---|---|---|---|
||Livestock|artefacts|vehicles|Totals|
||£|£|£|£|
|COST|||||
|At 1 January 2024|124,176|7,430|84,655|949,658|
|Additions|38,214|-|25,000|89,577|
|Disposals|(4,000)|-|-|(4,000)|
|At 31 December 2024|158,390|7,430|109,655|1,035,235|
|DEPRECIATION|||||
|At 1 January 2024|-|-|36,251|244,892|
|Charge for year|-|-|10,241|44,532|
|At 31 December 2024|-|-|46,492|289,424|
|NET BOOK VALUE|||||
|At 31 December 2024|158,390|7,430|63,163|745,811|
|At 31 December 2023|124,176|7,430|48,404|704,766|





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|HERITAGE ASSETS||
|---|---|
||Total|
||£|
|COST||
|At 1 January 2024and 31 December 2024|1,187,167|
|NETBOOK VALUE||
|At 31 December 2024|1,187,167|
|At 31 December 2023|1,187,167|



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|15.|STOCKS|||
|---|---|---|---|
|||31.12.24|31.12.23|
|||£|£|
||Stocks|5,797|16,102|
|16.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|||31.12.24|31.12.23|
|||£|£|
||Tradedebtors|3,357|6,558|
||Otherdebtors|1,264|-|
||VAT|-|5,068|
||Prepaymentsand accrued income|627|2,186|
|||5,248|13,812|





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||31.12.24|31.12.23|
|---|---|---|
||£|£|
|Hire purchase (see note 19)|5,764|6,881|
|Trade creditors|10,230|7,175|
|Social security and other taxes|3,344|5,464|
|AE pension|1,565|1,059|
|Accruals anddeferred income|5,467|18,978|
|VAT|4,464|-|
||30,834|39,557|
|CREDITORS: AMOUNTS FALLING DUEAFTER MORE THAN ONE YEAR|||
||31.12.24|31.12.23|
||£|£|
|Hire purchase (see note 19)|-|5,550|
|LEASINGAGREEMENTS|||
|Minimum lease payments fall due as follows:|||
||Hire purchase|contracts|
||31.12.24|31.12.23|
||£|£|
|Net obligations repayable:|||
|Withinone year|5,764|6,881|
|Between one and five years|-|5,550|
||5,764|12,431|
||Non-cancellable||
||Operating leases||
||31.12.24|31.12.23|
||£|£|
|Within one year|1,580|1,580|
|Between one and five years|132|1,712|
||1,712|3,292|





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|MOVEMENT IN FUNDS|||||
|---|---|---|---|---|
|||Transfer to|||
|||correct|Net||
|||opening|Movement||
||1.1.24|balance|in funds|31.12.24|
||£|£|£|£|
|Unrestricted funds|||||
|General funds|879,729|(104,865)|(144,446)|630,418|
|Livestock fund||104,865|54,215|159,080|
||879,729|-|(110,231)|769,498|
|Restricted funds|||||
|Capital purchase fund|1,085,405|101,762||1,187,167|
|Other restricted funds|-|3,103|19,670|22,773|
|Revaluation reserve|104,865|(104,865)|“|-|
||1,190,270|-|19,670|1,209,940|
|TOTAL FUNDS|2,069,999|_|(90,561)|1,979,438|



||Incoming|Resources||Gains and|Movement|
|---|---|---|---|---|---|
||resources|expended|Transfers|losses|in funds|
||£|£|£|£|£|
|Unrestricted funds||||||
|General funds|432,299|(617,678)|40,933|.|(144,446)|
|Livestock fund|-|-|-|34,215|34,215|
|Restricted funds|||||_|
|Capital purchase fund|64,908|(4,305)|(40,933)|-|19,670|
||64,908|(4,305)|(40,933)|-|19,670|
|TOTAL FUNDS|497,207|(621,983)|-|34,215|(90,561)|
|Restricted funds analysis as at 31 December||2024||||
||||||£|
|Heritage assets|||||1,187,167|
|The SuffolkFreemansons - Solar panels|||||20,773|
|AliceNoakes - Field Shelters|||||2,000|
||||||1,209,940|





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|||Net|Transfers|||
|---|---|---|---|---|---|
||At|Movement|between||At|
||1.1.23|in funds|funds||31.12.23|
||£|£|£||£|
|Unrestrictedfunds||||||
|General funds|364,670|515,059|||879,729|
|Restricted funds||||||
|Capital purchase fund|1,592,950|(507,545)||-|1,085,405|
|Revaluation reserve|87,940|16,925||‘|104,865|
||1,680,890|(490,620)||-|1,190,270|
|TOTAL FUNDS|2,045,560|24,439|||2,069,999|



||Incoming|Resources||Gains and|Movement|
|---|---|---|---|---|---|
||resources|expended|Transfers|losses|in funds|
||£|£|£|£|£|
|Unrestricted funds||||||
|General funds|581,075|(601,242)|535,226|-|515,059|
|Restrictedfunds||||||
|Capital purchase fund|28,883|0,202)|(535,226)|-|(507,545)|
|Revaluation reserve|“|“||16,925|16,925|
||28,883|0,202)|(535,226)|16,925|(490,620)|
|TOTALFUNDS|609,958|(602,444)|-|16,925|24,439|





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||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2024|2024|2024|
||£|£|£|
|Tangible fixed assets|745,811|-|745,811|
|Heritage assets|-|1,187,167|1,187,167|
|Current assets|54,521|22,773|77,294|
|Creditors due within one year|(30,834)|-|(30,834)|
|Total|769,498|1,209,940|1,979,438|
|Analysis of net assets between funds - prior year||||
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2023|2023|2023|
||£|£|£|
|Tangible fixed assets|704,766|-|704,766|
|Heritage assets|-|1,187,167|1,187,167|
|Current assets|220,070|3,103|223,173|
|Creditors due within one year|(39,557)|-|(39,557)|
|Creditors due after more thanoneyear|(5,550)|-|(5,550)|
|Total|879,729|1,190,270|2,069,999|



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