REGISTERED CHARrrY NUMBER: 1151449
TRUST
' REPORT
ND
INANCIAL STAT
MENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Y PLUMB FOUNDATI
Martin and Company
25 St Thomas Stre¢t
Winchester
Hampshire
S023 9HJ

THE HENRY PLUMB FOUNDATION
cowrENTS OF THE FIN
NCIAL STATEMEwrs
FOR THE YEAR ENDED 31ST DECEMBER 20
Page
Reference athd Admlnlstratlve Detall8
Trusteesl Report
2 to 4
Ind¢p¢ndent ExAmlner's Report
Stfitement of FlnandAI Actlvitl¢s
Balance She¢t
Cash Flow Statement
Notes to the CA8h Flow Statement
Notes to the FlnaneiAI Stalements
10 to 14
Detalled Statement of Financial Actlvltie
15

THE HENRY PLUMB FOUNDATION
REFERENCE AND ADMINISTRATIV
DETAI
FOR THE YEA
F.NDED 31
T DECEMBER 2024
TRUSTEES
C Antrobus
Miss R S N Carne
Lord W R F V Inglewood (resigned 15.10.2024)
A Quinney
J Thorley
D R Richardson (rcsigncd 15.10.2024)
J R Stevens
PGWynn
J W Stanley (resigned 15.10.2024)
C Baxter
J Speers
H Wildman
T Russ (appointed 15.10,2024)
PRINCIPAL ADDRESS
Baes Loft
The Sheep Centre
Malvern
Worce5tcrshire
WR13 6PH
REGISTERED CHARrrY
I¥UMBER
1151449
INDEPENDENT EXAMINER
Martin and Company
25 St Thomas Strcct
Winchester
Hampshire
S023 91U
BANKERS
HSBC
2 Market Place
Cir¢nccster
GIoucc5tershire
GL7 2NS
Page I

HE HENRY PLUMB FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31ST DE
BER 2024
The trustees present their report with the financial statcm¢nts of the Charity for the year ended 31 st December 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities: Ststement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102) (effective l January 2019).
Legal and administrativ¢ inforniation Set out on pa8e I fom)s part of this report.
ORIEcfivES AIW ACTIVITIES
Objectives and alm
The obj¢ctives of th¢ charity are to advance cducation by providing bursaries to youn8 peopl¢ aged between 18 and 35
to give Oppor￿nitieS to Icam about land based industrie5 which include the ¢nhanccment of ecosystems, diversity water
managemenL energy production, waste management and food production and to provide support and activities which
develop young people's entrepreneurial skills, capacities and capabilities in the land based industrtes nationally and
internationally to include the skills of innovation. analystn8 risk and personal communication.
Public benefit
The Tn￿leeS confirni that they have tsken account of the Charity Commission's general guidance on public benefit.
The beneflts that arise from the aims of the Henry Plumb Foundation are in the advancement of education of young
people in le8rnin8 about land based industries and in developing their entr¢pr¢neuriAI skills, leadership capacities and
capabilities in this field.
Page 2

THE HENRY PLUMB FOUNDATIO
TRUSTEES, REPORT
FOR THE YEAR ENDED 31
DE
KIIffjBER 2024
ACHIEVEMENT AND PERFORMANCE
Ch4ritable gctlvities
The activity of The Henry Plumb Foundation (HPF) has continued in 2024 very much according to the pattern
established in the fomiativc years. During the twelve months of this report the Trustees interview¢d 16 people from
some 24 applicants and 13 new scholars received help from the organisation. During the period th¢ acffli¢d total funding
for this element of the work of the Foundation involved bursaries being paid of £40.000.
Breadth of IDt¢resty
Progress in the calendar year of 2024 was larg¢ly covered by Rounds 24 And 25 with the usual combination of applic&nts
with an interest in livesto¢k or the provision of serviccs to the livestock sector specifically cattle, dairy Gattle and sheep.
other businesses were Contracting, share farming and bee keeping for honey.
Each of our Scholars brings a differing level of success to their projects and it is becoming Clear that one of the rnost
important aspects in development is to have a mixture of determination and flexibility.
That flexibility has to be exercised in all aspects of developing and there have been tim¢s when we've found that even
the best of mentors and new scholars have been unable to develop a successful partnershlp. In such situations we have
discussed the matt¢r with our scholar and asked them if thry Can identify a potential mentor who we could approve.
The M¢ntorn
A key element of the Henry Plumb Foundation offering is that each s￿CesSful applicant not only receives a welcome
financial bursary but also rec¢iv¢s the support of an industry Men￿r with expertisc in the area of work for which the
need for help had been idcntificd. Th¢ provision of such a mentor is now being Scen as onc of the important unique
benefits of the Foundation and is a matter which the farniins profession can bc justifiably proud of.
The Trustses wish to place on Public Record their thanks to all the Mentors who've participated in the work of the
organisotion to this point. Some mentors have looked after more than one scholar but it is quite clear that without this
entir¢ly voluntary help the key ambition of Lord Plumb and the Foundation 'to help young people to get stsrted in the
industy, would bc seriously impeded.
Other Supported Actlvity
Tn addition to the general list of beneficiories 5Ct out above the Foundation helped the Scottish Association of Youn¥
Famiers Clubs with financial support towards their Cultivating Leaders Programm¢.
Assoelated General Aetlvlty
During 2024 there were 4 meetings of the Board of Trustees, most of which were carried out using 'Zoom' or tclephone
conferenclng facilities. This allow5 good contact to be maintsined the Trustees, costs of trav¢lling to be kept to the
absolute minimum required while also cn5uring least possible disruption to the business activities of Trust¢cs. Additional
contsct was mainthined during the year.
The Trustees recognise that the maintcnance of consistent levels of fundin8 is a key element of their work and see that
and keeping strict controls on all expenditure as essential to fulfil their role in good governanc¢. The opporiunity As
taken to thank all benefractors of The Henry Plumb Foundation without whom it would bc very difficult lo meet our
objectives.
Conclus10
Trustees are delighted to report that The Henry Plumb Foundation (HPF) continues on a similar plain to previous years.
There havc been four meetings of the Board and again a broad spectrum of agricultural activities represented by the
people applying to become Scholars of the Foundation, becoming cleaT that the number of applicants comin¥ foTward at
th¢ moment was gaining ground identifying the need for the organisation and th¢ fact that the pattern which had been set
was very much on the right lines,
At a meeting towards the end of the period one new trustee was introduced. He had been known personally to Lord
Plumb, being:. Tim Rus5. This was an important appointment and would help extend the thinking of the Board.
Page 3

THE HEIYRY PLUMB FOUNDATION
us
' REPORT
FOR THE YEAR ENDED
1ST DECEMBER 2024
Overall, the year 2024 was a period of consistent good progress and consolidation wlth most of the objectivcs of the
organisation being attained. The Trustees commend it to all interested parties and parttcularly to our flnancial
supporters.
FINANCIAL REVIEW
FAnT4nelal posltion
At 31 si Deccmbcr 2024 the fund balance was £939,062.
Whilst the greatest part of this has been accrued to the Foundation through welcome donations and careful husbanding
by the Trustees the Foundation is extremely gratefvl to the late Hannah Stanley of Midhurs¢ West Sussex for th¢
enerous gift in her will of l OO/ts of the r￿ldUary cstate b¢ing £445.700.00.
Re5eryes polley
It is th¢ policy of the Trust to maintain its free reserves so as to allow as much grant making as possible.
STRUCTURL GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by its 8overnin8 documenL a deed of trust and constitutes an unincorporated charity.
Recruitment and appointnwnt of neiv trus¢ee8
A minimum of 3 trustees must be appolnted, A r¢solution of the trustees At a 5pcci&I mecting is required for the
appotntment ot'new tru5¢eH.
Risk management
The Trustees have carried out a review of the charity's activitles and the risks to which it is exposed and ronfirni that
controls are in place to mitigat¢ those risks.
Approved by order of the board of trustees on .
. and 8i8n¢d on its bchalf by:
or
ey - Trustec
Page 4

LYDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF
THE HENRY PLUMB FOUNDATIOIY
IDdepelldent examiner's report to th¢ trujttts ofThe Henry Plumb Foundation
I report to the charity trnstees on my examination of the accounts of The Henry Plumb Foundation (the Trust) for the
year ended 315t December 2024.
Responslbllities and basis of report
As the charity trn5tees of the Trust you art r¢5ponsible for the pr¢paration of the accounts in ac¢ordano¢ with the
requir¢ments of the Charities Act 2011 (Ihe A¢V).
I report in r¢speGt of my examination of th¢ Trust's accounts Carried out under Section 145 of the Act and in carying out
my examination I hav¢ followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of
the ACL
IDdependent examlner'8 Statement
Since your Charity's gross income exceeded £250,000 your examiner must be a member of a lis*d body. J can confirni
that l am qualified to undertake th¢ examination because J am a member of the Institute of Chartered Accountants in
England and Wales, which is one of the listed bodies.
I have completed my ¢x4minAtion. I confirni that no material matters hAve come to my attention in connection with the
examination giving mc cause to believe that in any material respect:
counting records were not kept in respect of the Tntst as required by Section 130 of th¢ Act. or
the ac¢ounts do not acwrd with those records: or
the accounts do not comply with the applicable rquirements conccming the fomi and content of accounts set out
in the Charities (Accounts and Reports) Regulations 2008 other than any requir¢mcnt that the ac￿￿nts give a
true and falr view thich is not a matter considered as part of an independent examination.
I hav¢ no concerns and have comc across no other matters in Gonnection with the ¢xamination to which attention should
be drawn in this report in order to enable a proper underslandin8 of the accounts to be reached.
David Barr BSC FCA
Martin and Company
25 St Thomas Strcct
Winchester
Hampshir¢
S023 9FIJ
Date..
Page 5

THE HE]¥RY PLUMB FOUNDATION
STATEMCI NT
F FINANCIAL ACTIVITIE
FOR TIIE YEAR ENDED 31
T DECEMBER 2024
2024
Unrestrieted
fund
2023
Total
funds
Not¢s
tNCOME AIYD EIYDOWMENTS FROM
Donations ftttd legacies
509,882
86,231
Investment income
11,932
3,650
Tolal
521,814
89,881
EXPENDITURE ON
Charitabl¢ wctlvltles
Edu¢ation
58.113
37,.197
NET INCOME
463,701
52,484
RECONCILIATION OF FUNDS
Total funds brought forward
475J62
422,878
TOTAL FUNDS CARRIED FORWARD
939,063
475,362
Thc notes forni part of these financial statements

THE HENRY PLUMB F
UNDATION
BALANCE SHEET
1ST DECEMBER 2024
2024
Unrestrf¢t¢d
fund
2023
Total
funds
Notes
CURRENT ASSETS
C*sh at bank
941,717
478,655
CREDTTORS
Amounts faRlin8 due within one year
io
(2ffj54)
(3,293)
NET CURRENf ASSETS
939,063
475,362
TOTAL A&SETS LESS CURRENT
LIABALITIES
939,1163
475,362
IYET A&SETS
939,063
475,362
FUNDS
Unrestrtcted funds
939,063
475,362
TOTAL FUNDS
939.063
475,362
The financial statements wcre approved by the Board of Trustees and authorised for i55ue
"I.£F" 2L+L¥.. and were signed on its behalf by..
on
J Thorley - Trustce
The notes forni part of these f￿anCIal ststements
Page 7

THE HENRY PLUMB FOUNDATION
HFLO
TATEMENT
THE YEAR ENDKD 31ST DECE
FO
BER 2024
2024
2023
Notes
CAsh flows from operating activities
Cash generated from operntions
451,130
51,047
Net cash provided by operating activities
451,130
51,047
Cash flows from investlng actlvldes
Interest received
11,932
3,650
Net provided by investing activities
11,932
3,650
Change In ¢98h and cash equfvalents in
th¢ reportlng ptrlod
Cash gnd cayh ¢qulvalents at the
beglnning of th¢ reportlng perlod
463.062
54,697
478.655
423,958
Cash and eA$h equlvalents Vdt the ¢nd of
the reportlng perlod
941,717
478,655
The notes fonn part of these finanrial ststements
Page 8

THE HENRY PLUMB FOUNDATION
NOTE
TO THE CASH FLOW
ATEME
FOR TTrIE YEAR ENDED 31ST DECEMBER 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net income for the reporllng period (as per the Ststornent of FiDancig1
Aetlvttles)
AdJu&tments for:
Interest received
(Decre&se)/increase in credAtor8
463,701
52,484
(11,932)
(639)
(3.650)
2,213
Net C￿h provlded by opergtlon8
451.130
51,047
ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.24
Cash flow
At31.12.24
Net e48h
Cash at bfink
478ffjSS
463,062
941,717
478,655
463,062
941.717
Total
47&655
463,062
941,717
The notes forn) part of these finmcial statements
Pa8e 9

THE HENR Y PLUMB FOUNDATION
NOT
TO THE FINANCIAL STATEMENTS
FOR THE YEA
ENDED 31ST DECEMBER 2024
STATUTORY INFORMATION
The Henry Plumb Foundation is a charlty registered in England and Wales. The charity's registered number and
registered address v4n be found tn the Trustees, Report.
ACCOiNTING POLXCIES
AecountlnE ¢oTrventions
The financial stateffl￿ts of the charity, which is a public bwefit entity under FRS 102, have been prepared itt
accordance with the Charities SORP (FRS 102) 'Accounting and Rcporttng by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 The Financial Reporting Stsnd8rd applicable in the UK and Republic of
Ireland, and the Charities Act 2011. Th¢ financial ststements hav¢ been prcpared under the historical cost
onvention.
The financial statcmcnts havc b¢cn preparcd to 8iv¢ a 'tru¢ and tair, view and hav¢ d¢parted from thc Charities
(Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and faiw view. Thi5
depa￿re has involved following Accounting and Reporting by Charities preparing their accounts in accordan¢¢
with th¢ Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) i55ued in October
2019 rather than the Ac¢ountin¥ and Reporting by Chorities: Statement of RcconTrnded Practice effective from
l April 2005 which has since been removed.
The prlncipal accounting policies adopted in the preparation of the financial statements are as follows:
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fiinds, it
is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are rccognised as expenditure as soon as there is a legal or constructive obltgation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will bc required in settlement and
the amount of th¢ obligation can be me&sured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Whcre costs cannot b¢ directly
attributed to particulBr headings they have been allocated to activities on a basis consistent wlth th¢ use of
resources.
Grants offered subject to conditions which hav¢ not been met at the year end date are noted as a commilment but
not accrued as ¢xpcnditure.
TAxatlou
Thc charity is exempt from tax on its charitable activities.
Fuud oecouuting
All funds held by the charity are unrestricted 8cneral funds whi¢h can be used in accordan¢e with th¢ ¢haritable
obj¢thivc5 at the diswetion of the Trustees.
Pa8c 10
continued...

THE HENRY PLUMB FOUNDATION
NOT
S TO THE FINANCIAL STATEMENTS - co
FOR T
AR ENDED 31ST DECEMBER 2024
tlnu
DONATIONS AND LEGACIES
2024
2023
Donations
Legacies
64.182
445,700
21,231
65.000
509,882
86,231
2024
2023
Deposit account interest
11,932
3,650
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(s¢¢ note
Support
costs (See
not¢ 7)
6)
Totsls
Education
40,479
17,634
$8.113
GRANTS PAYABLE
2024
2023
Education
40.479
20,000
The total grants paid to institutions durin8 the year was as follows:
2024
2023
Scottish Association of Youn8 FaThners Club$
5,000
Th¢ totsl srants paid to individuals during the year was as follow8:
2024
2023
Grants to individuals
35,479
20,000
Page 11
ontinued...

TI.IF. Fif.NIIY PLUMB fouNDATION
NO'rr.s TC) THf. FINANCIAL STATEMENTS- continued
FOR THE YF.AR Ff+lDFD 31SI' DECFMBER 2024
SUPPORT COSTS
Governance
costs
Management
'I'otals
Education
16,424
1,210
17,6J4
Support Costs. in¢lud¢d in the above, are as follows:
ManaR¢ment
2024
2023
I'otal
a¢iivities
r.diicalion
Triivel and subsistLnce
Wcb%ite
Administration expenses
3,507
288
12,629
2,865
1,152
12,204
16,424
16,221
GovLrnancc costs
2024
2023
Total
activities
Education
Indcpcndent cxamincvs fees
1,210
1,176
TRUSTEL.S' RF.MUNF,RATION AND BF.NEFITS
Therc were no trustec5' remuneration or other benefits for the ycar ended 31 st December 2024 nor for the year
cnded 3 1st DecembLr 2023.
Trust¢e$' expenses
£2,850 of expenses wcre paid to one trustee in the year ended 31 Decembcr 2024 (£2,865 in 2023),
STAFP COSTS
Therc are no employees su consequently no statTLosts have been incurrn'd.
Page 12
conlinued...

THE HENRY PLUMB FOUNDATION
OTES
OTHEFI
ANCI
L STATEMENTS- e
FOR THE YEAR ENDED 31ST DECEMBER 2024
io.
CREDITORS: AMOUNTS FALLING DUE WITHllY ONE YEAR
2024
2023
Accrued expenses
2,654
3,293
ii.
MOVEMENT IN FUNDS
Net
movement
in fiwmts
At
31.12.24
At 1.1.24
Unrejtrleted thndj
General fund
47S362
463,701
939,063
TOTAL FUNDS
475,362
463,701
939,063
Net movement in fimds, included in the above are as follows:
Incoming
resources
Resources
ex[￿nded
Movement
in funds
UnrcstActd funds
General fiind
S21,814
(58,113)
463,701
TOTAL FUNDS
52J014
(58,113)
463,701
Comparatlves for movement Ill fund$
Net
movement
in funds
At
31.12.23
At 1.1.23
Unrestrlcted thnd•
General fund
422,878
52,484
475,362
TOTAL FUNDS
422.878
52.484
475,362
Comparative n¢t movernent in fund& included in the above ar¢ ¥s follows:
Inwming
Resources
rasources expended
Movement
in fimds
Unrestrlcted funds
Gcneral fund
89,881
(37,397)
52.484
TOTAL FUNDS
89,881
(37.397)
52.484
Page 13
continued...

THE HENRY PLUMB FOUNDA TION
TES TO THE FINAIYCIAL STA
EMEN
FOR THE YFAR ENDED
IST DECEMBER 2024
inued
12.
RELATED PARTY DISCLOSURES
There We￿ no related party transactions for the year ended 3 1st December 2024.
Page 14

THE HENRY PLUMB FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITI
FOR THE YEAR ENDED 31ST DECEMBKR 2024
2024
2023
INCOME AIqD ENIK)WMEN13
Dollation8 gud leggel¢B
Donations
Legacies
64,182
445,7011
21.231
65.000
509.882
86,231
Inve8tment Income
Deposit account interest
11,932
3,650
Total iucoming resources
521,814
89,881
EXPENDITURE
CharllAble aetlvltles
Grants to institutions
Bursari¢s to individuals
5,000
35,479
20,000
40.479
20,000
Support costs
Management
Travel and subsi5tcncc
Website
Administration expenses
3,$07
288
12,629
2,865
1,152
12,204
16.424
16.221
Governance costs
lttd¢p¢nd¢nt examiner's fee5
1,2lO
1,176
Totsl resources expended
58,113
37.397
Net Ineome
463.701
52,484
This pag¢ does not forni part of the statutory financial stat¢m¢nts
Page 15