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← Dean Farm Trust

2025-03-31-accounts

Company no. 06412816 Charity no. 1122303

Dean Farm Trust

Report and Unaudited Financial Statements

31 March 2025

Dean Farm Trust

Reference and administrative details

For the year ended 31 March 2025

Company number 06412816 Charity number 1122303 Registered office Shirenewton Chepstow Monmouthshire NP16 6AG Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Ms C Forbes appointed 9 May 2025 Ms J M Frankland Ms J Fry resigned 3 May 2024 Dr J Griffiths-Baker appointed 9 May 2025 Ms A Rigby appointed 3 May 2024 Ms M Rowlands appointed 7 October 2024 resigned 4 April 2025 Mr E Williams appointed 18 April 2024 resigned 28 January 2025 Ms R M Williams resigned 3 May 2024 Company secretary Ms J M Frankland Bankers Lloyds Bank Plc 25 Gresham Street London EC2V 7HN Triodos Bank Deanery Road Bristol BS1 5AS Independent Godfrey Wilson Limited examiners Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

1

Dean Farm Trust

Report of the trustees

For the year ended 31 March 2025

The trustees present their report along with the financial statements of the charity for the year ended 31 March 2025.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The mission statement of the Trust is:

"Dean Farm Trust is all about life, empowerment, education and compassion."

Significant activities

Supporting the mission statement, the primary activity of the Trust is providing shelter, warmth, food and sanctuary to sick, ill-treated and abused animals that have been subjected to factory farming or sport. Part of this is to provide them with a home for life. The Trust will also provide holistic respite and holiday accommodation to people with disabilities and service users who may find it difficult to access mainstream facilities. The Trust also aims to educate people in these issues and the importance of animal welfare and compassionate living.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on the public benefit when reviewing the Trust's objectives and aims and in planning future activities. They have ensured that the activities carried out are for the public benefit and that the Trust's purpose is beneficial to the public.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Therefore, the trustees are committed to reviewing the major strategic, business and operational risks that the Trust faces, with a view to ensuring that appropriate systems and procedures are in place to minimise these risks.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Trust is well established having rescued animals since May 2013. During the year, the Trust received donations of approximately £284k (2024: £326k).

After a very successful campaign the previous year, the charity lost key figures within the organisation in May 2024 which put our future plans on hold. Our main objective was to care for the animals, ensuring their safety and well being.

2

Dean Farm Trust

Report of the trustees

For the year ended 31 March 2025

Due to having reserves the charity continued to operate throughout the year whilst recruiting key personnel along with appointing additional trustees for the board. The current trustees on the board is now four. One of our key objectives is to have a board with expertise and experience in key areas, passion for the work we do and align with our values.

The charity secured a new thirty-year lease with the same lease agreement for the Dean Farm land.

The charity has invested time in training volunteers to carry out sanctuary tours, which is a new revenue stream. The charity also has a stable bank of volunteers to support with the open days and events which are an essential revenue stream. Sanctuary volunteers continued to be upskilled to support with the care of the animals.

Corporate volunteer days increased along with work placements from universities and project days.

Fundraising activities

A reduction in fundraising activities meant a decrease in funds. However, the new board will create one, three and five year strategies in line with the vision of the charity.

Our CRM system is being moved to a simpler and more cost efficient system, saving time and money.

FINANCIAL REVIEW

Financial position

In 2024/25, Dean Farm Trust generated funding of £294,690 (2024: £354,788) and spent £316,408 (2024: £297,693). These financial statements therefore show a deficit of £21,718 (2024: surplus of £57,095). Total funds on 31 March 2025 were £125,043 (2024: £146,761).

Principal funding sources

The principal funding source was donations from the public.

Reserves policy

The Trust is looking to establish a reserves policy which will have the objective of safeguarding the future of charity, but this is a long-term goal, with the Trust having invested in development of the Sanctuary over recent financial periods.

Going concern

The trustees have considered the going concern position of the charity and have concluded that the charity will remain a going concern given the level of reserves held, and with the ongoing support of the trustees.

PLANS FOR FUTURE PERIODS

In May 2025 the charity appointed 2 trustees for the board with the experience the charity needs. It is also in the process of recruiting another to add to this expertise.

3

Dean Farm Trust

Report of the trustees

For the year ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Trustee expenses

The trustee expenses are to cover travel and accommodation for Julia Frankland whilst she attends the Sanctuary. Julia Frankland is still operational within the charity supporting the team and it is essential that she attends periodically. This is also to support and guide with tours, visits, open days and PR.

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity 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, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

4

Dean Farm Trust

Report of the trustees

For the year ended 31 March 2025

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 28 July 2025 and signed on their behalf by

Ms J M Frankland - trustee

5

Independent examiner's report

To the trustees of

Dean Farm Trust

I report to the trustees on my examination of the accounts of Dean Farm Trust (the charitable company) for the year ended 31 March 2025, which are set out on pages 7 to 21.

Responsibilities and basis of report

As the trustees of the charitable 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 charitable 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 the charitable 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 charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. Godfrey Wilson Limited also provides bookkeeping services to the charitable company. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.

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:

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.

Date: 29 July 2025 Robert Wilson FCA Member of the ICAEW For and on behalf of:

Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

6

Dean Farm Trust

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2025

Note
Income from:
Donations
3
Other trading activities
4
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
6
7
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Net
income
/ (expenditure)
and net movement in funds		 Restricted Unrestricted
£
£
5,836
278,391
-
9,034
-
1,429
5,836
288,854
-
22,074
4,900
289,434
4,900
311,508
936
(22,654)
9,827
136,934
10,763
114,280		 2025
Total
£
284,227
9,034
1,429
294,690
22,074
294,334
316,408
(21,718)
146,761
125,043		 2024
Total
£
326,457
28,214
117
354,788
35,823
261,870
297,693
57,095
89,666
146,761

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 16 to the accounts.

7

Dean Farm Trust

Balance sheet

As at 31 March 2025

As at 31 March 2025
2025 2024
Note £ £ £
Fixed assets
Tangible assets 10 63,475 79,863
Current assets
Stock 11 500 1,838
Debtors 12 5,440 -
Cash at bank and in hand 71,241 95,383
77,181 97,221
Liabilities
Creditors: amounts falling due within 1 year 13 (15,613) (30,323)
Net current assets 61,568 66,898
Net assets 15 125,043 146,761
Funds 16
Restricted funds 10,763 9,827
Unrestricted funds
General funds 114,280 136,934
Total charity funds 125,043 146,761

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 28 July 2025 and signed on their behalf by

Ms J M Frankland - trustee

8

Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies

a) Basis of preparation

Dean Farm Trust is a charitable company limited by guarantee registered in England and Wales. The registered office address is Shirenewton, Chepstow, Monmouthshire, NP16 6AG.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Dean Farm Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. The trustees have considered the change in reserves over the last year and believe there are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other 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) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

9

Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

f) Funds accounting

g) Expenditure and irrecoverable VAT

Expenditure is recognised 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.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated in full to expenditure on charitable activities which is deemed to be reflective of the activities of the charity in this period.

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Leasehold improvements 10% straight line Plant and machinery 15% straight line Fixtures and fittings 20% reducing balance Motor vehicles 20% reducing balance

j) Stock

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

k) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

10

Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

1. Accounting policies (continued)

m) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

n) Financial instruments

The charitable company 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 recognised at amortised cost using the effective interest method.

o) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SoFA.

p) Foreign currency transactions

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.

q) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note (i) above.

11

Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

2. Prior period comparatives: statement of financial activities

Income from:
Donations
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income
Transfers between funds
Net movement in funds
3.
Income from donations
Donations
Grants
Total income from donations
Prior period comparative:
Donations
Grants
Total income from donations		 Restricted
£
£
17,415
309,042
-
28,214
-
117
17,415
337,373
-
35,823
12,358
249,512
12,358
285,335
5,057
52,038
(5,588)
5,588
(531)
57,626
Restricted
£
£
936
223,816
4,900
54,575
5,836
278,391
Restricted
£
£
4,525
253,905
12,890
55,137
17,415
309,042
Unrestricted
Unrestricted
Unrestricted		 2024
Total
£
326,457
28,214
117
354,788
35,823
261,870
297,693
57,095
-
57,095
2025
Total
£
224,752
59,475
284,227
2024
Total
£
258,430
68,027
326,457

12

Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

4. Income from other trading activities

Income from other trading activities
Sale of merchandise
Social lotteries
Events
Total income from other trading activities		 2025
Total
£
4,537
1,983
2,514
9,034		 2024
Total
£
19,650
2,034
6,530
28,214

All income from other trading activities in the current and prior period was unrestricted.

5. Government grants

The charitable company receives government grants, defined as funding from the Welsh Government to fund charitable activities. The total value of such grants in the period ending 31 March 2025 was £4,575 (2024: £4,637). There are no unfulfilled conditions or contingencies attaching to these grants in the current year.

13

Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

6. Total expenditure

Total expenditure
Fundraising expenses
Trading expenses
Advertising and marketing
Animal care and support
Staff costs (note 8)
Training and recruitment
Heat and light
Travel and subsistence
Rent
Office costs
Equipment hire
Repairs and renewals
Motor expenses
Legal and professional
Bank charges
Depreciation
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising funds
£
5,761
1,338
2,787
-
12,188
-
-
-
-
-
-
-
-
-
-
-
22,074
-
22,074		 Charitable
activities
£
-
-
-
45,414
135,848
-
-
-
20,000
-
3,907
-
815
-
-
16,488
222,472
71,862
294,334		 Support and
governance
costs
£
-
-
-
-
12,788
140
1,652
12,552
-
6,711
-
7,704
-
27,171
3,144
-
71,862
(71,862)
-		 2025 Total
£
5,761
1,338
2,787
45,414
160,824
140
1,652
12,552
20,000
6,711
3,907
7,704
815
27,171
3,144
16,488
316,408
-
316,408

Total governance costs were £15,192 (2024: £14,773)

14

Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

6.
Total expenditure (continued)
Prior period comparative
Raising funds
£
Fundraising expenses
9,127
Trading expenses
1,189
Advertising and marketing
7,236
Animal care and support
-
Staff costs (note 8)
18,271
Training and recruitment
-
Heat and light
-
Travel and subsistence
-
Rent
-
Office costs
-
Equipment hire
-
Repairs and renewals
-
Motor expenses
-
Legal and professional
-
Bank charges
-
Depreciation
-
Losses on disposal
-
Sub-total
35,823
-
Total expenditure
35,823
Allocation of support and
governance costs		 £
-
-
-
42,435
117,603
-
-
-
20,000
-
3,544
-
1,307
-
-
21,665
-
206,554
55,316
261,870
Charitable
activities		 £
-
-
-
-
-
379
2,061
12,313
-
5,625
-
6,230
-
19,266
4,403
-
5,039
55,316
(55,316)
-
Support and
governance
costs		 2024 Total
£
9,127
1,189
7,236
42,435
135,874
379
2,061
12,313
20,000
5,625
3,544
6,230
1,307
19,266
4,403
21,665
5,039
297,693
-
297,693

15

Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

7. Net movement in funds

This is stated after charging:

Depreciation
Loss on disposal of fixed assets
Operating lease payments
Trustees' remuneration
Trustees' expenses
Independent examiner's remuneration:
Independent examination (excluding VAT)
Other services (excluding VAT)		 2025
£
16,488
-
20,000
Nil
12,552
2,200
4,613		 2024
£
21,665
5,039
20,000
Nil
12,313
2,050
3,447

Trustee expenses relate to travel and accommodation costs in the current and prior year paid to 1 trustee (2024: 1).

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs
Freelance wages		 2025
2024
£
£
149,863
130,777
4,538
3,517
2,460
1,580
3,963
-
160,824
135,874

No employee earned more than £60,000 during the year.

The key management personnel of the charitable company comprise the trustees and Animal Sanctuary Manager. It also includes in the current year only consultancy costs for a freelance Chief Executive Officer. The total employee benefits of the key management personnel were £42,189 (2024: £26,785).

Average head count 2025
No.
11		 2024
No.
11

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

16

Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

10. Tangible fixed assets

£
Cost
At 1 April 2024
57,642
Additions in year
-
At 31 March 2025
57,642
Depreciation
At 1 April 2024
24,122
Charge for the year
5,763
At 31 March 2025
29,885
Net book value
At 31 March 2025
27,757
At 31 March 2024
33,520
11. Stock
Merchandise
12. Debtors
Prepayments
Leasehold
improvements		 £
27,473
-
27,473
14,971
3,941
18,912
8,561
12,502
Plant and
machinery		 Fixtures
and fittings
£
48,451
100
48,551
39,303
1,847
41,150
7,401
9,148		 Motor
Vehicles
£
53,600
-
53,600
28,907
4,937
33,844
19,756
24,693
2025
£
500
2025
£
5,440		 Total
£
187,166
100
187,266
107,303
16,488
123,791
63,475
79,863
2024
£
1,838
2024
£
-

17

Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

13. Creditors: amounts due within 1 year

13. Creditors: amounts due within 1 year
Trade creditors
Accruals
Other taxation and social security
Deferred income (note 14)
Pensions
14. Deferred income
At 1 April 2024
Deferred during the year
Released during the year
At 31 March 2025		 2025
£
6,908
4,060
3,188
824
633
15,613
2025
£
-
824
-
824		 2024
£
4,653
22,710
2,572
-
388
30,323
2024
£
-
-
-
-

Deferred income relates to ticket sales for Open Day events to be held in the next period.

15. Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2025
Prior period comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2024		 £
-
10,763
-
10,763
£
-
9,827
-
9,827
Restricted
funds
Restricted
funds		 £
63,475
66,418
(15,613)
114,280
£
79,863
87,394
(30,323)
136,934
General
funds
General
funds		 Total
funds
£
63,475
77,181
(15,613)
125,043
Total
funds
£
79,863
97,221
(30,323)
146,761

18

Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

16. Movements in funds

Movements in funds
Restricted funds
Betty Phillips Charitable Trust
Animal Rescue Foundation
Home4Life appeal
Total restricted funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1 April
2024
£
-
5,302
4,525
9,827
136,934
136,934
146,761		 Income
£
4,900
-
936
5,836
288,854
288,854
294,690		 £
(4,900)
-
-
(4,900)
(311,508)
(311,508)
(316,408)
Expenditure		 £
-
5,302
5,461
At 31 March
2025
10,763
114,280
114,280
125,043

Purposes of restricted funds

Betty Phillips Charitable Trust

This funding was provided to partially fund the purchase of mud control mats to prevent injuries to animals.

Animal Rescue Foundation

This funding was provided to cover the cost of replacement fencing. The balance is planned to be spent during the Summer of 2025.

Home4Life appeal

This was a campaign to allow the charity to attempt to purchase the land it currently rents. This campaign was unsuccesful in raising the required funds needed and is now closed. The chairty is in the process of attempting to contact donors regarding the funds.

19

Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

16. Movements in funds (continued) Prior period comparative

At 1 April
2023
£
Restricted funds
Moondance Foundation
10,358
Animal Rescue Foundation
-
Animal Friends
-
Audrey Lamb
-
Home for life appeal
-
Total restricted funds
10,358
General funds
79,308
Total unrestricted funds
79,308
Total funds
89,666
Unrestricted funds		 Income
£
-
9,000
1,890
2,000
4,525
17,415
337,373
337,373
354,788		 £
(10,358)
-
-
(2,000)
-
(12,358)
(285,335)
(285,335)
(297,693)
Expenditure		 £
-
(3,698)
(1,890)
-
-
(5,588)
5,588
5,588
-
Transfers
between
funds		 £
-
5,302
-
-
4,525
At 31 March
2024
9,827
136,934
136,934
146,761

17. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 1 - 5 years		 2025
£
20,000
20,000
40,000		 2024
£
20,000
40,000
60,000

A signed lease exists between Dean Farm Trust and Dean Farm Animal Sanctuary for use of the land and buildings by the Trust. Rental payments are £20,000 per annum and a legal obligation exists at the year end between the charity and Dean Farm Animal Sanctuary.

The freehold land and buildings covered under the lease were sold to an independent landlord in December 2024. Dean Farm Trust's lease on the land was transferred as part of the agreement, and they will remain as a tenant on the land. The lease has been extended to 30 years.

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Dean Farm Trust

Notes to the financial statements

For the year ended 31 March 2025

18. Related party transactions

J M Frankland and J Fry, trustees of Dean Farm Trust, are also directors of Dean Healthcare South West Ltd. During the year Dean Healthcare South West Ltd made donations of £nil (2024: £62,000) to Dean Farm Trust.

J M Frankland and J Fry, trustees of Dean Farm Trust, are also directors of Dean Farm Animal Sanctuary. Dean Farm Trust rented land and buildings from Dean Farm Animal Sanctuary during the year. Rent is £20,000 per annum. All rent was paid within the year, and £nil was owed to Dean Farm Animal Sanctuary at 31 March 2025 (2024: £20,000). The land and buildings were sold to an independent landlord in December 2024 and Dean Farm Trust will continue to lease them under the same agreement. There are not expected to be any further transactions with Dean Farm Animal Sanctuary.

21