2023-10-31-accounts - Downs Farm Trust

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Downs Farm Trust

Report and Accounts

31 October 2023

Charity number 1101181

Downs Farm Trust Contents Page

	Page
Legal and administrative information	1
Trustees' Annual Report	2 - 3
Independent examiners report	4
Statement of financial activities	5
Balance sheet	6
Notes forming part of the financial statements	7

Downs Farm Trust Legal and administrative information

Trustees	Neale Jackson
	Nicola Jackson
	George Purdie
	Craig Ellis (Appointed 25 April 2024)
Principal Office	Downs Farm
	Yalding Hill
	Maidstone
	Kent
	ME18 6AL
Accountants	Charcroft Baker LLP
	Chartered Accountants and Statutory Auditors
	5 West Court
	Enterprise Road
	Maidstone
	Kent
	ME15 6JD
Charity number	1101181

Downs Farm Trust Annual Report of the Trustees

The trustees present their report along with the financial statements of the charity for the year ended 31 October 2023

The trustees have had regard for the general guidance from the Charity Commission on public benefit when determining the charity's objectves.

The trustees must apply the income of the charity in furthering the followings objects:-

(1) For the benefit of the public to relieve the suffering of unwanted, abandoned, mistreated and injured animals in need of care and attention. Providing facilities for their rescue, collection, recovery, feed and shelter as well as any ancillary needs.
(2) To promote humane behaviour towards animals by providing care, rehabilitation and training for animals and education of the public in relation to animal welfare and behaviour.

Reserves policy

The trustees aim to hold reserves sufficient to meet the ongoing liabilities of the trust.

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Names of trustees

Neale Jackson Nicola Jackson George Purdie Craig Ellis (Appointed 25 April 2024)

In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.

Charity's principal address

Downs Farm Yalding Hill Maidstone Kent ME18 6AL

Professional advisers

Charcroft Baker LLP Chartered Accountants and Registered Auditors

Downs Farm Trust Annual Report of the Trustees

Charity's activities and achievements during the period

As ever as a charity we have continued to work caring for many animals’ resident at the farm and providing support and help to members of the public as and when required.

We sadly lost 2 long term goat residents this year after a battle with their health.

We welcomed some new goats to the farm who were living in a bad situation and needed a better standard of care. We also welcomed two new dogs as permanent residents again both of whom needed a better standard of care due to health issues which we can provide here at the farm.

We have continued our fundraising via the charity shop, which continues to raise regular much needed funds and provides a good promotional tool for the charity and a place for customers to talk about their animals and we can provide help if we can.

Our regular donations continue to come in every month.

Our social media pages are still up and running; informing users of our activities, what’s happening at the farm and providing a selling tool for items from the charity shops.

Our trustees continue to provide financial support to the charity as and when required. They pay out on a regular basis to buy supplies for the shop and provide maintenance and also help with feed/supplies bills for the animals.

This report was approved by the trustees and signed on their behalf by

Trustee: N. Jackson

Date: 27/08/2024

Downs Farm Trust

Independent examiners report to the Trustees of Downs Farm Trust

I report to the trustees on my examination of the accounts of Downs Farm Trust (the Trust) for the year ended 31 October 2023, which are set out on pages 5 to 7.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).

I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

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 Trust as required by section 130 of the Act; or

(2) the accounts do not accord with those records; or

(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Signed: M.G Baker

Michael Baker BA FCA For and on behalf of Charcroft Baker LLP Statutory Auditors 5 West Court Enterprise Road Maidstone Kent ME15 6JD

Date: 27/08/2024 _____

Downs Farm Trust Statement of financial activities (incorporating the income and expenditure account) for the year ended 31 October 2023

Incoming resources Donations Shop Sales Equine transportation Raffle ticket & Fund Raiser Total incoming resources Direct charitable expenditure Animal feed and consumables Veterinary and associated costs Rates Farrier Repairs and Maintenance Management and administration Accountancy fees Depreciation Net (outgoing)/incoming resources Fund balances brought forward Fund balances carried forward	Unrestricted funds 2023 £ 13,325 33,106 - - 46,431 25,972 7,218 1,720 2,765 5,396 43,071 840 3,200 4,040 680 - 18,200 17,520	Unrestricted funds 2022 £ 7,361 25,495 - 330 33,186 22,339 5,598 1,037 2,670 5,050 36,694 780 3,200 3,980 7,488 - 25,688 18,200

Downs Farm Trust Balance sheet as at 31 October 2023

Notes Fixed assets 2 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 3 Net current assets Net assets Income funds Unrestricted funds Total funds	4,408 2,888 -	Unrestricted funds 2023 £ 16,000 1,520 17,520 17,520 17,520	440 1,440 -	Unrestricted funds 2022 £ 19,200 1,000 - 18,200 18,200 18,200

N. Jackson Trustee Approved by the Trustees on: 27/08/2024

Downs Farm Trust Notes to the Accounts For the year ended 31 October 2023

1 Accounting policies

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011.

Income

Income is recognised in the Statement of Financial Activities once the charity has entitlement to the receivable economic benefit, it is probable that this will be received, and the amount can be measured reliably.

Expenditure

Expenditure is recognised in the Statement of Financial Activities when there is a present legal or constructive obligation as a result of a past event, the transfer of economic benefits is probable and can be measured reliably.

Stock

Donated goods are only recognised on their sale, as the cost of valuation outweighs the benefit to users of the accounts.

Depreciation

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life

Equipment 10% straight line method Motor vehicles 10% straight line method

2 Tangible fixed assets

Cost At 31 October 2022 Additions Disposals At 31 October 2023 Depreciation At 31 October 2022 Charge for the year On disposals At 31 October 2023 Net book value At 31 October 2023 3 Creditors: amounts falling due within one year Accrued costs Other Creditors	Equipment £ 23,910 - 23,910 23,910 23,910 -	Motor vehicles £ 32,000 32,000 12,800 3,200 16,000 16,000 2023 £ 780 2,108 2,888	Total £ 55,910 - - 55,910 36,710 3,200 - 39,910 16,000 2022 £ 1,440 - 1,440

4 Trustee Remuneration and expenses

The trustees received no form of remuneration during the year ended 31 October 2023 (2022: £Nil). Trustee Renumeration and expenses