| Page | |
|---|---|
| Trustees' report | 1-13 |
| Independentauditor's report | 14-17 |
| Statement offinancial activities | 18 |
| Balancesheet | 19 |
| Statement of cashflows | 20 |
| Notes to thefinancialstatements | 21-36 |
| Trustees | DrAlisonCroninMBE |
|---|---|
| Mr BGlazier | |
| MrJKeeling | |
| MrJCarroll | |
| Gharity number | 1126939 |
| Gompany number | 06695254 |
| Registeredoffice | HethfeltonHouse |
| Hethfelton | |
| Wareham | |
| Dorset | |
| BH2O6HS | |
| Auditors | FianderETL |
| StagGatesHouse | |
| 63/MTheAvenue | |
| Southampton | |
| Hampshire | |
| SO171XS | |
| Solicitors | LesterAldridgeLLP |
| RussellHouse | |
| OxfordRoad | |
| Bournemouth | |
| Dorset | |
| BH8 8EX |
| Unrestricted | Unrestricted | Restricted | TotalUnrestricted | TotalUnrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Notes | 2025 S |
2025 g |
2025 tI |
2024 | 2024 t |
2024 I |
|
| lncome from: | |||||||
| Donationsandlegacies3 | 366,909 | 28,662 | 395,571 | 1,233,580 | 24'1,309 | 1,474,889 | |
| Charitableactivities Othertradingactivities4 lnvestments 5 |
8,097 124,809 |
8,097 124,809 |
8,406 142,499 13,834 |
- - - |
8,406 142,499 13,834 |
||
| Totalincome | 499,815 28,662528,477 | 1,398,319241,309 | 1,639,628 | ||||
| Expenditure on: | |||||||
| Raisingfunds | 7 | 104,854 | 104,854 | 119,406 | 119,406 | ||
| Charitable activities | 6 | 243,207 | 8,991 | 252,198 | 188,880 | 61,002 | 249,882 |
| Staffcosts | 226,583 | 226,583 | 207,703 | 207,703 | |||
| Loan interest | 70,686 | 70,686 | 79,777 | 79,777 | |||
| Totalexpenditure | 645,330 8,991 | 654,321 595,76661,002656,768 | |||||
| Netincome/(expenditure)and movementinfunds |
(145,515) 19,671 | (125,844) 802,553180,307982,860 | |||||
| Reconciliationoffunds: | |||||||
| Fundbalances at1April2024 | 7,826,735345,7768,172,511 | 7,024,182165,469 | 7,189,651 | ||||
| Fund balancesat31March | |||||||
| 2025 | 7,681,220 | 365,4478,046,667 | 7,826,735345,776 | 8,172,511 |
THE JIM CRONIN MEMORIAL FUND FOR PRIMATE WELFARE AND CONSERVATION BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Flx•d a#s•ts Tangible assets Investment property Investrnenls 14 15 16 7.218.655 2,000.000 10 7.216.004 2,000,000 10 9.218.665 9,216,014 Current a8Bets Stocks Debtors Cash at bank and in hand 18 19 32.193 48.138 766.532 52,454 103.095 1,114,501 846.863 1.270.050 Cr•dltors'. amounts l•lllng du• vAthln onè y•ar 21 1384,368) 1396,1841 Net current assets 482,495 873,866 Total a88et8 le88 current Ilabllllles 9.681.160 10.089,880 Credltor¥'. amounts falllng due after more than one y?*r 22 11.634.493> 11.917,3891 Nèt 888•11 8.046,667 8,172,511 Th? funds of the charfty Restricted funds Unreslri¢led funds RevaluatHJn reserve 25 365,447 345,776 5,299.745 2.381.47S 5.445.260 2.381.475 7.681.220 7,628.735 8.046.667 8.172.511 The financial statements were approved by the Trustees on ..QJl.J2J2Q2&... . Qr MbE DrAison Cmnin MBE Trustee Company registration number 06695254 IEngland 8nd Wales) 19-
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | s | t | I | g | |
| Gashflows fromoperatingactivities | |||||
| Cash generated fromoperations | 30 | 21,457 | 1,026,528 | ||
| Investingactivities | |||||
| Purchaseoftangible fixedassets | (e2,5e0) | (154,260) | |||
| lnvestment incomereceived | 13,834 | ||||
| Netcash used in investingactivities | (e2,5e0) | (140,426) | |||
| Financingactivities | |||||
| Repayment of bankloans | (276,836) | (267,745) | |||
| Netcash usedinfinancingactivities | (276,836) | (267,745) | |||
| Net(decrease)/increase in cash and cash | |||||
| equivalents | (347,969) | 618,357 | |||
| Cash and cashequivalentsat beginningofyear | 1,114,501 | 496,144 | |||
| Cashand cash equivalentsatend of year | 766,532 | 1,114,501 |
| Freeholdlandandbuildings | Revalued |
|---|---|
| Plantand equipment | 10to15years straightline |
| lnfrastructure | 5to15yearsstraight line |
| Outdoorfurniture | 5to10yearsstraight line |
| Fixturesandfittings | 5to10years straightline |
| Incomefrom donations | and legacies | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | TotalUnrestricted | Restricted | Total | ||
| funds | funds | funds | funds | |||
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | |
| € | t | €€ | € | e | ||
| Donationsand gifts | 43,274 | 726 | 44,000 | 29,383 | 18,118 | 47,501 |
| Legacies receivable | 310,622 | 27,936 | 338,558 | 1,202,354 | 223,191 | 1,425,545 |
| Corporate sponsorship | 13,013 | 13,013 | 1,843 | 1,843 | ||
| _'*f9 | 28,662 | 395,571 | 1,233,580 | 241,309 | 1,474,889 |
| Othertradingactivities | ||
|---|---|---|
| Unrestricted Unrestricted | ||
| funds | funds | |
| 2025 €e |
2024 | |
| Rental income | 11,682 | 10,314 |
| Goodssold | 55,410 | 55,356 |
| Fundraisingincome | 4,823 | 9,412 |
| Other income | 1,029 | 375 |
| Events income | 8,155 | 7,453 |
| Supporterflatincome | 43,710 | 59,589 |
| Othertradingactivities | 124,809 | 142,499 |
| lncome from tradingsubsidiary | ||
| Total Unrestricted | ||
| funds | ||
| 2025 eI |
2024 | |
| lncome fromtrading subsidiary | 13,834 : |
| 2025 | 2024 | |
|---|---|---|
| g | € | |
| Health andsafety | 8,238 | 10,078 |
| Education | 12,639 | 13,661 |
| Grants | 5,214 | 57,278 |
| Sundryexpenses | 905 | 673 |
| HethfeltonHouse | 1,285 | 478 |
| Utilities | 44,129 | 38,833 |
| lnsurance | 12,758 | 11,067 |
| Repairsandmaintenance | 25,480 | 27,711 |
| Security | 5,103 | 6,041 |
| 115,751 | 165,820 | |
| Shareof support costs (seenote9) | 136,447 | 84,062 |
| 252,198 | 249,882 | |
| Analysisbyfund | ||
| Unrestrictedfunds | 243,207 | 188,880 |
| Restrictedfunds | 8,991 | 61,002 |
| ,=j* | 249,882 |
| Unrestricted Unrestricted | Unrestricted Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| €[ | ||
| Costofraisingfunds | ||
| Cost of goodssold | 28,591 | 36,950 |
| Events andfundraising expenditure | 15,769 | 11,348 |
| Flatsandrentalexpenditure | 40,121 | 46,644 |
| Advertising | 3,190 | 5,935 |
| Otherfundraising costs | 17J83 | 18,529 |
| 104,854 | 119,406 |
| 8 | Netmovementinfunds | 2025 € |
2024 I |
|
|---|---|---|---|---|
| The netmovementinfundsis stated aftercharging/(crediting) | ||||
| Fees payablefortheauditofthecharity'sfinancial statements | ||||
| Depreciationofownedtangiblefixed assets | 70,165 | 60,413 | ||
| lmpairmentof ownedtangible fixedassets | 19,774 | : | ||
| 9 | Support costs | |||
| Support | Support | |||
| costs | costs | |||
| 2024f | 2023 e |
|||
| Depreciation | 89,939 | 60,413 | ||
| Bank charges | 1,624 | 1,787 | ||
| Legalandprofessionalfees | 34,263 | 11,939 | ||
| Audit fees | 7,500 | 9,923 | ||
| Stafftraining | 3,121 | |||
| 136,447 | 84,062 | |||
| : | ||||
| Analysedbetween Charitable activities |
136,447 | 84,062 | ||
| 136,447 | 84,062 |
| The averagemonthly numberofemployeesduringthe ye | arwas | |
|---|---|---|
| 2025 | 2024 | |
| Number | Number | |
| Administrationandfundraising | I | 8 |
| Employment costs | 2025 | 2024 |
| 0 | f | |
| Wagesand salaries | 207,666 | 192,665 |
| Socialsecurity costs | 13,356 | 11,546 |
| Pensioncosts | 4,319 | 3,493 |
| Otheremployment costs | 1,241 | |
| ,a,r* | 207,703 |
| lmpairmenttests havebeen carried out where appropriat recognisedin profitorloss: |
eand thefollowing impairment lossesha | vebeen |
|---|---|---|
| 2025 e€ |
2024 | |
| lnrespectof: | ||
| Property,plant andequipment | 19,774 |
| Tangiblefixed assets | ||||||
|---|---|---|---|---|---|---|
| Freeholdland and buildings s |
Plantandlnfrastructure equipments0 |
OutdoorFixturesand furniture fittings €t |
Total € |
|||
| Cost or valuation | ||||||
| Al1April2024 | 6,500,000 | 84,480 | 791,680 | 32,224 | 236,109 | 7,644,493 |
| Additions | 2,627 | 24,405 | 65,558 | 92,590 | ||
| At31 March 2025 | 6,500,00087,107 | 816,085 | 32,224 | 301,667 | 7,737,083 | |
| Depreciationand | ||||||
| impairment At1April2024 |
22,359 | 197,992 | 29,510 | 178,628428,489 | ||
| Depreciationchargedinthe | ||||||
| year | 4,691 | 55,152 | 753 | 9,569 | 70,165 | |
| lmpairmentlosses | 19,774 | 19,774 | ||||
| At 31March 2025 | 27,050 | 253,144 | 30,263 | 207,971518,428 | ||
| Carrying amount At 31March 2025 |
111'* | 60,057 | 562,941 1,961 | 93,696 | 7,218,655 | |
| At 31March 2024 | 6,500,000 | 62,121 | 593,688 | 2,714 | 57,481 | 7,216,004 |
| : |
| lnvestment property | |
|---|---|
| 2025 | |
| t | |
| Fairvalue | |
| At1April2024and31March2025 | 2,000,000 |
| Cost | ||
|---|---|---|
| At1April2024 &31March 2025 | 10 | |
| Carrying amount | ||
| At31March 2025 | 10 | |
| At 31March 2024 | 10 | |
| : |
| Detailsofthe charity's subsi | diariesat31March2025 areas follows: | ||
|---|---|---|---|
| Nameofundertaking | RegisteredNatureofbusiness office |
Classof sharesheld |
%Held Direct lndirect |
| Hethfelton HouseLimited | England& Wales Hostingweddingsand | Ordinary | 100.00 |
| corporateevents |
| 18 | Stocks | ||
|---|---|---|---|
| 2025 | 2024 | ||
| c | t | ||
| Finishedgoodsandgoodsforresale | 32,193 | _=Ar: | |
| 19 | Debtors | ||
| 2025 | 2024 | ||
| Amountsfallingduewithinoneyear: | € | t | |
| Trade debtors | 3,704 | 5,785 | |
| Amounts owedbysubsidiaryundertakings | 10,245 | 13,241 | |
| Amounts owedby relatedparties | 7,183 | 11,899 | |
| Prepaymentsand accruedincome | 27,006 | 72,170 | |
| _"11 | 103,095 | ||
| 20 | Loansand overdrafts | ||
| 2025 | 2024 | ||
| t | t | ||
| Bank loans | 1,913,498 | 2,190,334 | |
| Payablewithin oneyear | 279,005 | 272,965 | |
| Payableafteroneyear | 1,634,493 : |
1,917,369 | |
| Amountsincluded above whichfall dueafterfiveyears: | |||
| Payable by instalments | 383,602 | 711,718 |
| Greditors: amountsfallingduewithinoneyear | |||
|---|---|---|---|
| 2025 | 2024 | ||
| Notes | € | e | |
| Bankloans | 20 | 279,005 | 272,965 |
| Othertaxation andsocial security | 3,148 | 4,929 | |
| Deferred income | 23 | 29,763 | 38,411 |
| Tradecreditors | 58,761 | 64,023 | |
| Othercreditors | 3,294 | 3,698 | |
| Accruals | 10,397 | 12,158 | |
| 384,368 | 396,184 |
| 22 | Creditors: amountsfallingdueaftermor | ethanoneyear | ||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Notes | I | f | ||
| Bank loans | 20 | 1,634,493 | 1,917,369 | |
| 23 | Deferred income | |||
| 2025 | 2024 | |||
| t | e | |||
| Deferred income | 29,763 | 38,411 |
designated funds which havebeens |
et aside out ofunrestrictedfu | ndsbythetrusteesfor specificpurposes. |
ndsbythetrusteesfor specificpurposes. |
|---|---|---|---|
| AtlApril 2024 s |
lncomingResourcesAt31 March resourcesexpended 2025 €€e |
||
| General funds | 5,445,260 | 499,815 | 5,299,745 (645,330) |
| Revaluationreserve | 2,381,475 | 2,381,475 | |
| : |
| Unrestrictedfunds | (Gontinued) | |||
|---|---|---|---|---|
| Previous year: | AtIApril | lncoming | Resources | At31March |
| 2023 t |
resourGes I |
expendedt | 2024 I |
|
| Generalfunds | 4,642,707 | 1,398,319 | (595,766) | 5,445,260 |
| Revaluation reserve | 2,381,475 | 2,381,475 |
| AtIApril | lncoming | Resources | At31March | At31March | |
|---|---|---|---|---|---|
| 2024 g |
resources f |
expended f, |
2025 c |
||
| Animalwelfare andrescues | 345,776 | 28,662 : |
(8,991) | 365,447 | |
| Previousyear: | AtIApril | Incoming | Resources | At3{March | |
| 2023 € |
resources t |
expendedt | 2024 e |
||
| Animalwelfare andrescues | 165,469 241,309(61,002) | : | 345,776 |
| Analysis ofnetassetsbetweenfunds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | ||
| 2025 | 2025 | 2025 | |
| f, | f, | € | |
| Fundbalancesat31March2025arerepresentedby: | |||
| Tangible assets | 7,218,655 | 7,218,655 | |
| lnvestmentproperties | 2,000,000 | 2,000,000 | |
| lnvestments | 10 | 10 | |
| Current assets/(liabilities) | 97,048 | 365,447 | 462,495 |
| Longtermliabilities | (1,634,493) | (1,634,493) | |
| 7,681,220365,447 | 8,046,667 |
| Unrestricted | Restricted | Restricted | Total | |
|---|---|---|---|---|
| funds | funds | |||
| 2024 s |
2024f | 2024 e |
||
| Fundbalances at31March2024arerepresented by: | ||||
| Tangibleassets | 7,216,004 | 7,216,004 | ||
| lnvestment properties | 2,000,000 | 2,000,000 | ||
| lnvestments | 10 | 10 | ||
| Currentassets/(liabilities) | 528,090 | 345,776 | 873,866 | |
| Longterm liabilities | (1,917,369) | (1,e17,369) | ||
| 7,826,735 | 345,776 | 8,172,511 |
| 2025 | 2024 | |
|---|---|---|
| t | € | |
| \Nithinone year | 4,080 | |
| Betweentwoandfiveyears | 14,760 | |
| 18,840 |
| 2025 | 2024 | |
|---|---|---|
| I | € | |
| Wthinone year | 6,750 | |
| Betweentwo and five years | 3,375 | |
| _!!: |
| Cashgeneratedfromoperations | 2025 f |
2024 e |
|---|---|---|
| (Deficit)/surplus forthe year | (125,844) | 982,860 |
| Adjustmentsfor: | ||
| lnvestment income recognisedin statement offinancialactivities | (13,834) | |
| Depreciationand impairmentoftangiblefixedassets | 89,939 | 60,413 |
| Movementsinworkingcapital: | ||
| Decrease/(increase)in stocks | 20,261 | (261) |
| Decrease/(increase)in debtors | 54,957 | (31,168) |
| (Decrease)/increaseincreditors | (e,208) | 40,061 |
| (Decrease) indeferredincome | (8,648) | (11,543) |
| Cashgeneratedfromoperations | 21,4571,026,528 |
| 31 | Analysisofchangesinnet(debt)/funds | |||
|---|---|---|---|---|
| Al1April2024t | CashflowsAt31 €€ |
March2025 | ||
| Cashatbankand inhand | 1,114,501 | (347,969)766,532 | ||
| Loans falling duewithin one year | (272,965) | (6,040) | (279,005) | |
| Loansfallingdueafter morethan oneyear | (1,917,369) | 282,876 | (1,634,493) | |
| (1,075,833) | (71,133) | (1,146,966) |