THE COUNTRY FOOD TRUST FEEDING PEOPLE IN NEED ACROSS THE UK Report of the Trustees and financial statements for the year ended 31 August 2025 THE COUNTRY FOOD TRUST COUNTR Y FOOD COUNfA Y F(JOD ..VENISOII VENISON-PASIA. BOIOGNE8E ANNUAL REPORT 2025 REGISTERED CHARITY NUMBER.. 1162699 England & Wales REGISTERED CHARITY NUMBER.. SC051118 Scotland
WELCOME FROM THE CHAIR I would like to begin this year's Trustees, Annual Report by thanking my predecessor, our past Chaiman, Sir Charles Walker who has been a fantast Chair. His energy and drive has been unparalleled. He 0VeS hard shoes lo fill and fortunately, for me, has agreed lo continue as a Trustee so that we can continue lo benefit from his experience and enthusiasm. On behalf of all our Trustees and all beneficiaries of the CFT, l also wish to thank our fellow Board member Simon Cleverly. His contribution over the years has been amazing, he has done so much lo further the cause of cFr and ensuring we maximised our objective of feeding people in need. We all have much lo thank him for and wish him well. I would also once again wish lo thank our many generous supporters. It is your donations, goodwill, and commitment that make our work possible. Without you, CFT Simp could not deliverthe impact rt does. Over the past tsvelve months, The Country Food Trust has continued to expand ils reach, providing high-qualily, nutrf(ious meals to those most in need across the UK. Demand for our products remains strong. and our mission lo ensure that families facing hardship have access to heaf(hy. protein-rich food- is more relevant than ever. Scotland has yet again been a particular highlight. Mark French. our dedicated Trustee, and his supporters have Continued lo show extraordinary energy in building our profi'le north of the border, establishing new partnerships. and ensuring CFT is r8cognised as a vital part of local communty support. This year also saw us deepen our collaboration with those of our partners delNering deer management. Following the pioneering agreement in East and West Sussex over the last year, we are now expanding similar models into Suffolk, Devon and beyond. CFT coordinates the entire process, so that venison can move seamlessly from field to foodbank. These partnerships have proven lo be both sustainable and scalable, showcasing our conservation work alongside alleviating food insecurity. Looking ahead, our focus remains on increasing the CFT'S self-sufficiency whilgt reducing its exposure to fluctuations in suppty. By diversifying our sourcing, strengthening regional partnerships. and maintsining high standards in logistics, we are well placed to meet rising demand. We remain committed to our founding ambition.. delivering nutritious, high-protein meals- in the form of pre-CCK)ked ambient meals and raw meal products lo those who need them most. With your ongoing support, we will continue to grow our impact and ensure that good food reaches the familie8 and communities who need il most. Rl Hon Sir Brandon Lewis. CBE Chair of The Country Food Trust
THE COUNTRY FOOD TRU Contents of the Financlal Statements forthe Yoar Endod 31 Au ust 2025 Page Reference and Adminislralive Details of the Charity, f(s Trustees and Advisers Trustees, Report Independent Auditors Report 8-11 Statement of Financial Activities 12-13 Balance Sheet 14 Cash Flow Statement 15-16 Notes lo the Financial Slalemenls 17-27
THE COUNTRY FOOD TRUST Reference and Administrative Details of the CIO Its Trustees and Advlser5 r the Year Ended 31 Au ust 2025 Tntee$. Rt Hon Sir B Lewis CBE. Chair (appointed 24 June 20251 Sir C Walker KBE Mr P S C Cleverly (resigned 24 September 20251 MrA Stone Mrs S J Radford, Honorary Treasurer Mrs A Skinner Mr M French rSOGreen Charlty Registored Number: 1162699 (England & Wales) SC05118 IS¢otlandl Princlpal Offlce: POBox114 Wotton-under~Edgo Glou¢eslershire G1198Q Chlef ExecutNe Offleer: Miss S J Bryan-Hunl Auditor: Wenn Towsend Chartered Accountants Watemioor Point Walermoor Road Cirencester GL71LF Bankers: Wealherbys Bank Ltd Sanders Road Wellingborough Northampton8hire NN8 4BX Hampden's Bank 9 Charlotte Square Edinburgh EH2 4DR
THE COUNTRY FOOD TR ST The Twstees Rg ort lor the Year Ended 31 Au ust 2025 The Trustees present their annual report together w(th the financial statements for the year ended 31 August 2025. The accounts have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the CIO'S ConslitulKJn dated 16 July 2015, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities pparIng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)". Objecttves and activitles Food Distribution 2024-2025 During the financial yearwe delivered nearfy 500,000 meals with a wide circulation across the UK. The organisalions that received food were, foodbanks, community kitchens and homeless sheer$.
THE COUNTRY FOOD TRUST The Trustees Re ort for the Y ar Ended 31 Au ust 2025 47 Tonnes of Protein delivering nearly 500,000 meals WalÈ Scotland Yorkshire & HuMberde West Midlands 50tr(h East North West North East r East of England East Midlands 81X)(X) 120mO 160WO Raw Meat 11 ?0heS The breakdown of our distribution across the UK was.. England 85%, Scthand 140A and Wales 1Qh. pheat 11 Partridge •Ven*son J Turkey 15% 75% The vast majorty of meal donated this year was venison as we began our deer management projects. Small Game meat was 19¥0 of dislribulion.
THE COUNTRY FOOD TRUST The Trustees Re ort for the Year Ended 31 Au ust 2025 We continue to experience our busiest months for delivering food in Ihewinler, when a hot, high nutrition meal is essential. Our busiest months for procuring meal is also during this period and we send out raw meat as 500n as possibF8 in frozen fom)at. The ambient mgals are distributed evenly across the year in smaller quantitie5. Financial results and review of the year to 31 August 2025 The financial results for the year are set out on pages 9-21 and show a nel surplus of £52,348 for the year12024 deficit £14,631) with nel assets at 31 August 2025 of £163.55512024 £111,207). Income this year from all sources amounted lo £649,330 12024 £696,448>. Total expenditure was £596,982 mpared with £711.079 last year. Forecasting income continues lo be a highly uncertain business, underlining the continuing necessity lo maintain a sensible level of cash reseNos. Costs are kept constantly under review. Principal risks and uncertainties The Trustees have assessed the major risks towhich the CIO is exposed, and are satisfied that systems are in place lo miligale exposure to the major risks. The Trustees have a duty to idenlfy and review the risks lo which the Charity is exposed and to ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. The Charity maintains a risk register. A risk assessment is continuously monitored and presented at Trustee meetings, as in previous years the highest risks identrfied relate to the uncertainty of future income. Reserves policy It is the policy of the CIO that unrestricted funds which have not been designated for a specific use should be m8int8ined al a level equivalent to between three and six months, expenditure. The TrL¢slees consider that reserves al this level will ensure that, in the event of a significant drop in funding, they will be able to continue the CIO'S current activities while consideration is gThien lo ways in which additional fvnds may be raised. This level of reserves has been maintained throughout the period. Total free reserve$ at 31 August 2025 were £134,564.
THE COUNTRY FOOD TRUST The Trustees Re ort for the Year Ended 31 Au ust 2025 Structurep governance and managomont Constitution The Country Food Trust was established by Constff(ution on 16 Juty 2015 8s a Charitable Inwrporated Organisalion. Method of appointmont or electlon of Truste8$ The Constitution states that there must be at least charity TTuslees. There is no maximum number. The first charty Trustees were appointed for the following terms,. Mr A Stone lor 4 years,. Mr S Green tor 3 years. Apart from the first Charity Trustees. Trustees are appointed for a lem of four years. When a vacancy on the Boafd arises, Trustees will consider sutiable individuals and make recommendations to the Board. Prospective ndidateS are mel by the Chairman and an existing Trustee lo fin(i out about the expertise and qualities that they could bring lo the Board and lo ensufe that helshe is fully aware of the requirements and the stalulory duties of a Trustee. New Trustees are appointed by 8 resolution passed al a properly conv8ned meeting of the charty Trustees. Policit5 adopted for the Induction and tralnlng of Trustees The charity Trustees will make available lo each new charty Trustee, on or before, his or her first appointment.. {al {bl Icl Copy of the current version Df the Conslilulion., a copy of the CIO'S latest Trustees, Annual Report and Statement of Aecounts., and relevant Charity Commission publications. None of the Tru$lee5 have any beneficial interest in the CIO. All of the Trustees are member5 of the CIO and guarantee to contribute £1 in the event of a winding up. Publlc Bènefit The key public benefitwhich The Country Food Tnjst aims lo deliver is the free provision of high-protein, low-choleslerol meals for those most in need in the community. Organi5ational structure and decision maklng The B(Brd of Trustees sel the strategy to achieve the charty's objects and oversee ((s implementation. The day lo day management of the charity's affairs and line management of staff are delegated to the Chief Executive. The Chief Executive is responsible for implementing agreed policy and strategy, as delegated by the Trustees.
THE COUNTRY FOOD TRUST The Trustees Re ort rthe Year Ended 31 Au ust 2025 Fundraising The Charity is a member of the Fundraising Regulator and as such abides by the Code of Fundraising Practice for the UK. The Charity's approach is to ensure that rfc complies with the standards as sel out in the Code across all of our fundraising actwities. It does not engage wi(h any third-party fundraisers. 11 cOmplS with th@ key principles and behaviours of the Code lo ensure that any vulnerable persons are treated fairly. All staff go through m8ndalory training when they join the Charity. 11 strives lo always act ethicalty and responsibility, using best practice when communrcaling wf(h our supporters. During the year it did not receive any complaints relating to fundraising. The Charity applies best pracliee to protect its supporter data., it never swaps or sells data and only uses infomialion that is compliant with the General Data Protection Regulation IGDPR}. 11 lakes seriously the need lo a¢hve the highest standards and is not aware of any failure on Its part to compty with fundraising standards. Diversity. Equallty and Inclusion The Charity follows ils diversity and inclusion policies. The CEO and Trustees continue to consider the representation of The Country Food Trust's 51akeholders al all levels including beneficiaries staff, ambassadors, volunteers, Trustees, and advisors and to strive lo have a diverse represenlalion. Climate chango The charity does not consider climate change lo be a principal risk or uncertainty for its longevty however it continues to have regard to the impact of f(5 operations on the communty and the environment. Donor Acknowledgement The Country Food TrLTrsI is extremely gratèful for all the very generous donations it has received during the year including those from private individuals, corporate sponsors, retailers operating point-of-sale donation Systems, Charitable Trusts and Foundations as well as some Communty Foundations. 11 woukl also liketo thank il's Patrons and Ambassadors for their ongoing support and lime commitment.
THE COUNTRY FOOD TRUST The Trustees Re forthe Year Ended 31 Au ust 2025 Trustees, Responslblllty Statement The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accountlng Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to Charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008, the Charities and Trustee Investment (Scollandl Act 2005 and the Charities Awounts (Scotlandl Regulations 2006 las amended) and the provisions of the Trust deed requires the Trustees lo prepare fiTrancial statements for each financi81 year which give a true and fair view of Ihg stale of affairs of the Charity and of the incoming resources and 8ppIIc8tion of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the Trustees are required to.. select suitable accounting policles and then apply them consislenuy: observe the methods and principles the Charity SORP- make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will ¢ontinue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the Charity and lo enable them lo onsure that the financial slalements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets ofthe Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. SIGNED SÈCURÉLY Approved by order of the board of Trustees on and its behaK by.. 1210302&#t2..2I..2 PMUTC SIGNEO SE¢VRtLY 2026 al ..21..34PM UTC Mrs S J Radford, Honorary Treasurer
THE COUNTRY FOOD TRUST Re ort of the Inde ndent Auditors to the Trustees of The C unt Food Tr forthe Year Ended 31 Au ust 2025 st Opinlon Wo have audited the financial statements of The Country Food TTUSI I'the Charity'l for the year ended 31 August 2025, which comprise the Statement of Financial Aclivilies, the Balance Sheet. cashflow slalement and notes lo the financial slalements, ineluding a summary of significant accounting polKies. The financk41 reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard FRS 102 The Financial Reporting Sl8ndaTd applicable in the UK and Republic of Ireland United Kingdom Genorally Accepted Accounting Practiee}. In our opinion the financial statements.. give a true and fair view of the stale of the Charty's affairs as al 31 August 2025 and of rts incoming resources and application of r&sources for the year then ended., have been properly prepared in accordance wrth Untted Kingdom Generally Accepted Accounting Practice,. and Have been prepared in accordance with the requirements of the Charities and Trustee Investment {Scollandl Act 2005 and regulation 8 of the Charities Accounts (Scollandl Regulations 2006 188 amended). Basis for oplnlon We conducted our audi( in accordance with International Standards on Auditing (UK) IISAS {UKII and applicable law. Our re$pDnsibililies under those standards are further described in the Auditors responsibilities forthe audit of the financial slalernenls section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fuifilleil our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to providè a basis for our opinion. Concluslons relating to golng concern In auditing the financial statemen15, we have concluded that the Trustees use the going concem basis of accounting in the preparation of the fi'nancial slalements is appropriate. Based on the work we have performed, we have not idenlrfied any material uncertainties relating to events or conditions that, indwidually or collectively. may cast significant doubt on the charty's ability to continue as a going concern for a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the relevant sections of the report. othor Infomlation The Trustees are responsible for the other information. The other information comprises the Information included in the Trustees, annual report, other than the financial slalemenls and our audrtor's roport Ihereon. Our opinion on the financial slalemenls does not cover the other information and, exp1 to the extent otherwise explicilty slated in our report. we do not express any form of assurance conclijsion Ihereon. In connection with ou¥ audit of the financial stslements, our responsibilty is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial slalemenls or our knowledge obtained in the audit or otherwise appears lo bo materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we are required lo delemiine whether there is a material misslalement in the financial slalemenls or a material misstalemenl of the other information. If, based on the WO we have perfomied, we conclude that there is a material misslalemenl of this information, we are required lo report that fact.
THE COUNTRY FOOD TRUST Re ortof he Inde endent Auditors to the Trustees of The Count Food Trust for the Year Ended 31 Au ust 2025 We have nothing to report in this regard. Matter5 on which we are requir8d to report by exception We have nothing lo report in respect of thè following matters in relation lo which the Charities Accounts IS¢otlandl Regulalior15 2006 requires us lo report lo you rf, in our opinion.. the infomalion given in the Report of the Trustees is inconsislenl in any material respect with the financial statements., or SLrfFicienl accounting records have not been kept.. or proper accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and relums., or we have not reiVed all the information and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the Trustees, Responsibilities Statement Iset out on page 71, the Trustees a responsible for the preparation of financial statements which give a Ifue and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial slalements that are free from materi81 misstatement, whether due to fraud or error. In preparing the financial stalemenls, the Trustees are rosponsible for assessing the Charty's abilty lo continue as a going coneem, disclosing. as applicable, matters felaled lo going concern and using the going concem basis of accounting unless the Trustees either intend to liquidate the Charity or lo cease operations, or have no realist aernatIVe but to do so. Audltor's responsibilities for the audit of th? flnanclal statem8nts We have been appointed as auditor under section 44(1lc of the Charities and TrLtstee Investment Iscollandl Act 2005 and report in accordance with the Act and relevant regulation5 made of having effect there under. Our objectives are to obtain reasonable assurance about whether the financial statements as whole are free from material misstatement, whether due to fraud or error, and lo issue an audilols report that includes OLtr opinion. Reasonable assurance is a high level of assurance bul Is not a guarantee that an audrfc conducted in accordance with ISAS (UK) will always deled a material misststemenl when it exists. Misslatsmenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instance8 of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to delecl material misstatements in respect of irregularilies, including fraud. The specific procedures for this engagement and the extent lo which these are capable of delecling iTregularf(ies, including fraud is detailed b810w: Enquiry of management, those charged with govemance and the entty's solicitors around actual and potential lilwalion claims., Enquiry of enlty staff in lax and compliance functions to idenlfy any instances of non- compliance with laws and regulations., Reviewing minutes of meetings of those charged with governance.. Reviewing financial statement disclosures and lesling to supporting documentation to assess wmplianee with applicable laws and regulations., Performing audit work over the risk of management override of controls, including lesling of journal entries and other adjustments for appropriateness. evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting eslimales for bias. Because of the inherent limitations of an audit. there 1$ a risk that we will nol delect all irregularities, including those leading lo a material misstslem8nl in the financial statements or
HE COUNTRY FOOD TRUST Re ort of the Inde ndent Auditors to the Trustees ol The Count Food Trust for the Year Ended 31 Au ust 2025 non-compliance wfth regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likety lo become aware of instances of non-compliance. The risk is also gSter regarding irregularities occurring due to fraud rathef than error, as fraud inVoe5 intention81 concealment, forgery, collusion, omission or misrepresentation. As part ofan audf( in accordance with ISA$ IUKI, we exercise prof&ssional judgmentand maintain professional scepti¢ism throughout the audit. We also.. Identfy and assess the risks of malolial misslalement of the financial slalements, whether due to fraud or error, design and perform audit procedures responsive lo those risks, and obtain audi( evKlence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not delecling a material misslalement resulting from fraud is higher than for one resulting frcsm error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal eonlrol relevant to the audit in order lo design audit procedures that are appropriate in the circumstances, bul not lor the purpose of expressing an opinion on the effectiveness of the Charitable Company's internal control. Evaluate the appioprialeness of accounting policies used and the r8asonableness of accounting estimate5 and related disclosures made by the Trustees. Conclude on the appropriateness of the Directors, use of the going concern basis of accounting and, based on the audrt evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubl on the Charitable Company's ability to continue as a going concern. If we conclude that a material uneert8inty exists, we are required to draw allenlion in our audf(or's report lo the related disclosures in the financial slalements or. rf such disclosures are inadequate, to modfy our opinion. Our conclusions are based on the audrt evidence obtained up to the dale of our auditor's report. However, future events or conditions may cause the Charitable Company lo cease to continue as a going concern. Evaluate the overall piesentalion. structure and content of the finaneial slalements. including the disclosures, and whether the financial slalements represent the underlying transactions and evonls in a manner that achieves fair presentation. Vve communicate wi(h those charged with governanea regarding, arnong other matters, the planned scope and liming of the audr( and signifieanl audit ffndings, including any signrficanl deficienc$ in internal control that we identify during our audit. 10
cou UST dt t Audlt¢Lr£ otha dg £oLILr August 2025 U80 of our raport Thls reporllB made solelylo the ChBrlly'8'TIu8t(4as, as B bodw. In AdanCe wllh Part 4 olllie Lh&rlU65 (Ac¢ountb ond Reports) RogLil•llons 200B. Our audll work hag been undert&ken $0 Ihal wg mlohl 3t4te tt) th9 Chorlty's Tru61808 Iho8o malieTS wo aro qUIred ID Stole to tligm In an 8udltor8' rbpoil for np olhtyr purposo. Tv tlie lull681 gmlent perinllled bylgw, we do Iitsl aGcepl or aGsumty 1g$ponBlbSllly lo onyona olher Ih4n Ihg Chèrlly qnd Ihe Ghartly'5 Tru51aes as a body. lor our audll work, for IhlB rèptsrl or foi th8 oplnlons wa heve Iwmed. Datg IS(0312a2 Wgnn Town80n(+ ChaTter8d A¢¢ountant$ Ellulble to act 88 on 4udllor In temis of saollon 1212 of Ilit CwaThlas Act 2006 w4lt)rmoDr Polnl Walermoor Rofjd ClrBnca8tor GL7 1LF 11
THE COUNTRY FOOD TRUST Statem nt of Financlal Aetlvities for tho Year Ended 31 Au ust 2025 Unrestrlcted Restricted Fund Funds 2025 2025 Total Funds 2025 Total Fund 2024 Note INCOME FROM: Donations and legacies Other activitios: Fundraising Trading activities Investment income 434.838 120.000 554.838 394,456 93,635 857 93,635 857 301,264 173 555 TOTAL INCOME 529,330 120,000 649,330 696,448 EXPENDITURE ON Raising funds.. Costs of raising fijnds Charitable activitie8 46.065 447,408 46.065 550,917 76,918 634,161 6,7,8 103.509 TOTAL EXPENDITURE 493,473 103,509 596,982 711,079 NET GAINIDEFICIT BEFORE OTHER RECOGNISED GAINS AND LOSSES 35,857 16,491 52,348 114,6311 NET MOVEMENT IN FUNDS 35.857 16,491 52,348 114,631) RECONCILIATION OF FUNDS: T¢)tal funds brought forward 98,707 12.500 111.207 125,838 TOTAL FUNDS CARRIED FORWARD 134,564 28,991 163,555 111.207 The notes fom part ofthese financial sL*ementS 12
E COUNTRY FOOD TRUST gment of Flnanclal Activitles for the Year Entted 31 Au ust 2025 Analysis of prlor yearfigures Unrestrictgd Restricted Fund Funds 2024 2024 Total Funds 2024 Note INCOME FROM: Donations and legacies Other activltles: Fundraising Trading activf(ies Investment income 335,956 37,500 394,456 301,264 173 555 301,264 173 555 TOTAL INCOME 658,948 37,500 696,448 EXPENDITURE ON Raising funds.. Voluntary income Charitable activities 76,918 604,161 76.918 634.161 6.7,8 30.000 TOTAL EXPENDITURE 681,709 30,000 711,079 NET GAINIDEFICIT BEFORE OTHER RECOGNISED GAINS AND LOSSES 122,1311 7.500 114,631} NET MOVEMENT IN FUNDS {22.1311 7,500 122,1311 RECONCILIATION OF FUNDS: Total funds brought forward 120,838 5.000 125,838 TOTAL FUNDS CARRIED FORWARD 98,707 12,500 111,207 13
THE COUNTRY FOOD TRUST Balance Sheet as at 31 Au ust 2025 Unrestricted Rgslrictod 31 August 31 August Fund Fund 2025 2024 Note FIXED ASSETS Fixed assets 13 504 504 1.261 CURRENT ASSETS Debtors 14 2,249 2,249 8.851 Cash at bank and in han 148,865 28.991 177.856 122.783 151,114 28.991 180.105 131.634 CREDITORS: Accounts falling due within one Year 15 117,054} 117,0541 121,688) NET CURRENT ASSErs 134.060 28,991 163,051 109,946 NET ASSETS 134,564 28,991 163,555 111,207 CHARITY FUNDS Restr*cted funds Unr851ricled funds 28,991 8,891 154,564 12,500 98,707 134.564 TOTAL FUNDS 134,564 28.991 163,555 111.207 SIGNED SECVRELY The financial statements were approved by the Tru LElgR/2026 and signed on their behalf by- 10202$t2..2l..34P1IljT¢ sNE$¢VAt¥ 2026 * ..21..J4PM UTC Ms S J Radford, Honorary Treasurer The notes fomi part of these financial statements 14
THE COUNTRY FOOD TRUST Cash Flow Statement for the Year Ended 31 Au ust 2025 2025 2024 CASH USED IN OPERATING AGTIVITIES 55.073 146,972) CASHFLOW FROM INVESTING ACTIVITIES Payments lo acquire langibk fixed assets Investments ielurned Cash provided by (used in) investing activities IDECREASEIIINCREASE IN CASH 55,073 {46,9721 CASH AND CASH EQUIVALENT AT THE BEGINNING OF THE YEAR 122,783 169,755 TOTAL CASH AND CASH EQUIVALENT AT THE END OF THE YEAR £ 177,856 £ 122,783 15
THE COUNTRY FOOD TRUST Cash Flow Statement forthe Year Ended 31 Au ust 2025 2025 2024 RECONCILIATION OF OPERATING IDEFICITI TO NET CASH IOUTFLOWIIINFLOW FROM OPERATING ACTIVITIES Nel Ioulgoinglllncoming resources Dopreciation Loss on disposals Decreaselllncreasel in debtors (Decreaselllncrease in cre(lilo 52,348 757 114,631} 1,423 266 (5,4311 {28,5991 6,602 (4,6341 Nel cash IoLrtnow}linflow from operaltve activities £ 55,073 £146,972) ANALYSIS OF CHANGES IN NET FUNDS Oiher non- Cash Changes 31 Aug 2025 1 Sep 2024 Cash flow Cash at bank and in hand £ 122,783 £ 55,073 £ 177.856 16
THE COUNTRY FOOD TRUST Notes to the Flnanclal Statements forthe Ygar Ended 31 Au ust 2025 1. ACCOUNTING POLICIES Basis of prgparing the financial statements The financial statements of the Charitable Settlement, which is a publrc benefrt entity under FRS 102, h8ve been prepared in accordance with the Chari(ies SORP IFRS 1021 'Accounling and Reporting by Charf(ies.' Statement of Recommended Prartice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} Iupdate Bulletin 21,, Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Charitles Act 2011. The financial slalements have been prepared under the historical cost onvenlion with the exception of investments which are included al mark8t value. as mdified by the revaluation of certain assets. The Charty has applied Updole Bulletin 2 and d8 not include a cash flow statement on the grounds that is it applying FRS 102 Section 1A. Going concern At the lime of appioving the accounts, the Trustees have a reasonable expectation that the CIO has adequate Tesources to continue in operational existence for the foreseeabEe future. Thus the Trustees continue to adopt the going concern basis preparing the accounts. Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the CIO and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specrfic restrictions imposed by donors or which have been raised by the CIO for particular purposes. The aim and use of e8eh restricte(I fund is sel out in the notes to the financial slalemenls. Income All income is recognised once the CIO has enlitlemenl lo the income, it is probable that the income will be received and the amount of income receniable can be measured reliably. Cash donations are recognised on receipt. Other donations are recognised On the CIO has been notified of the donation, unless perfomiance condi(ions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation. Grants and donations subject lo the specific wi$he$ of the donor are credited to relevant reslricled funds. Income lax recoverable in relation to donations received under Gfft Aid or deeds of covenant is recognised at the time ol the donation. 17
THE COUNTRY FOOD TRU Notes to the Financial Statements for the Year Ended 31 Au ust 2025 Accountlng Pollcl8s Icontinugdl Expendlture and Irrecoverable VAT Expendrture is recognised onee there is a legal or conslruclive obligation lo transfer economic benefit lo a third paty. 11 is probable that a transfer of economic benefits will be required in sethemenl and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs attributable to 8 single activty are allocated directly lo that aclivty. Shared costs which contribute to more than one activty and support costs which a not allribulable to a single activity are apportioned beeen those aclivf(ies on a basis consistent wrth the use of resources. Central staff costs arE allocated on the basis oftime spent and depreciation charges allocated on the portion of the asset's use. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating infomiation in support of the charitable activities. Support costs are those costs incurred directly in support of expendrture on the objects of tho CIO and include proiect management earried out al Headquarters. Governance costs are those incurred in connection with administration of the CIO and compliance with constilulional and statutory requirements. Costs of generating funds are costs incurred in attracting voluntary IOMe and those incurred in trading activities Ihal raise Iijnds. Irwoverable VAT is charged as a cost against the activty for which the expenditure was incurred. Tangible fixed assets and depreclatlon Tangible fixed assets are carried al cost, net of depreciation 8nd any provision for impairment. Depreciation is provided al rates calculated lo write off the cost of fixed assets, less their estimated residual value. over their expected useful lives on the folh)wing basis.. Offi¢e equipment 200A the shares in the subsidiary undertaking and aT8 included al cost. Debtors Trade and other debtors are recognised at the settlement amount after any trade discount ¢)ffered. Prepayments are valued a the amount prepaid nel of any trade discounts due. Cash at Bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short malurily of three months or less from the date of acquisition or opening of the depo811 or similar account. Credltoys and provisions Liabilities are recognised when there is an obligation al the Balance Sheet dale as a res of a past event. 11 is piobable that a Iransfef of economic benefit will be qUired in settlement and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the CIO anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it musl provide. 18
THE COUNTRY FOOD TRUST Notes to the Flnan¢lal Ststomonls forthe Year Ended 31 Au ust 2025 Accounting Policies {continued} Flnanclal In8twments The CIO only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Bas financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Reserves pollcy It is the policy of the CIO that unrestricted fvnds which have not been designated for a specific use should be maintained al a level equivalent lo between three and six months, expenditure. This level of reserves has been maintained throughout the period. Pensions The CIO operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the CIO to the fund in respect of the period. 2. Income from donations andlggacies Unrgstricted Rostrlcted Funds Funds 2025 2025 Total Fund 2025 Tolal Funds 2024 Donations 434,838 120,000 554,838 394.456 Total 434,838 120,000 554,838 394,456 3. Fundrai$lng Incomg Unre$tri¢tgd Restrlcted Funds Funds 2025 2025 Total Fund 2025 Total Funds 2024 Events income Grants 93,635 93.635 301,264 93,635 93,635 301,264 19
THE COUNTRY FOOD TRUST Note$ to the Flnanclal Statements for the Year Ended 31 Au ust 2025 Tradlng actlvltles Unrestricted Restricted Funds Funds 2025 2025 Total Total Fund Funds 2026 2024 Charlty tradlng Sncom8 Sales 857 857 173 Cost of ralsing funds Unrestricted Re$trlcted Funds Funds 2025 2025 Total Total Fund Funds 2025 2024 Cost of events 46,065 46,065 76,918 Dirgct Costs Restricted Funds 2025 Activities 2025 Total 2025 Total 2024 Manufacturing and Food Marketing and Website Salaries and Wages National Insurance Pension Costs 250,086 4.250 89,957 6.771 10,206 100,000 350,086 408,328 4,250 4,072 93,466 115,844 6,771 14,100 10,206 5,303 3,509 361,270 103.509 464,779 547.647 20
THE COUNTRY FOOD TRUST Notes to the Financial Statements for thg Year Endad 31 Au ust 2025 Support costs Restricted Funds 2025 Activities 2025 Total 2025 Total 2024 Consuhancy Insurance and legal Office costs Travel expenses Entertainment- staff Entertainment- other Sundry expenses RrUitMent and other stsff costs Hotels Merchandise and PR Trustee expenses Depreciation Loss on disposal 2,492 66,863 7,232 243 2,492 2,688 66,863 61,548 7,232 7,937 243 1,234 131 1,433 670 3,056 128 678 417 1,156 678 417 1,156 757 7S7 1,423 266 79,838 79.838 80,514 Governance costs Unrestricted Restricted Funds Funds 2025 2025 Total Fund 2025 Total Fund$ 2024 Audit fees Independent examination fees 6,300 6,300 6,000 6,300 6,300 6,000 21
THE COUNTRY FOOD TRUST Notes to the Financial Statements for the Year Ended 31 Au ust 2025 9. Anatysls of Expenditurg- by exponditure type Staff costs DepreciatiOf7 Othor costs 2025 2025 2025 Total 2025 Total 2024 Costs of generanll Funds: Expenditure on raising voluntary income 46,065 46.065 76,918 Charitable activities: Direct costs Expenditure on Governanc 110.443 757 433,417 544.617 628,161 6,300 6.300 6,000 Total 2025 110,443 757 485,782 596.982 711,079 Totsl 2024 135,247 1.423 574,409 711,079 10. Net SurpluslDeflclt This is ststed after charging.. 31 August 2025 31 August 2024 Depreciation of tangible fixed assets Loss on disposals Audit Fees 757 1,423 266 6,000 6,300 22
HE COUNTRY FOOD TRUST Not9$ to the Flnancial Statements for the Year Ended 31 Au ust 2025 11. Trustees None ol the Trustees lor any persons connected with them) received any rgmuneralion from the CIO during the period. 12. Staff costs 31 Aug 2025 31 Aug 2024 Wages and salaries Social security costs Other pension costs 93,466 6,771 10,206 115.844 14,100 5,303 110,443 135,247 The average monlhty numberof persons 8mployed by the CIO during the periodwas as follows- 31 Aug 2025 30 Aug 2024 No. Chief Executive Adminislralion The number of higher paid employees was one 31 Aug 2025 No. 30 Aug 2024 No. In the band £80,001- £90,000 The key management personnel of the CIO comprise the Board of Trustees and the Chief Executive. The lolal employment benefits, including employer pension contributions, of the key management personnel were £105.974 (year lo 31 August 2024 £101,005). 23
THE COUNTRY FOOD TRUST Notes to the Flnanclal Statements forthe Year Ended 31 Au ust 2025 13. Tangible fixed assets Offlce equlpment Cost At 1 September 2024 Additions Disposals 3.029 At 31 August 2025 3.029 Depreclatlon Al 1 September 2024 Charue for the period Disposals 1,768 757 At 31 August 2025 2.52S Net book value Al 31 August 2025 504 Al 31 August 2024 1.261
THEC UNTRY FO DTRU Notes to the Financial Statements for tho Y9ar Ended 31 Au ust 2025 14. Dobtors 31 August 31 August 2025 2024 Gift Aid recoverable t)onalion receivable other debtors 1,231 1,018 1,768 1.428 5.655 2.249 8,851 15. Credltors.. amounts falling due withln one year 31 August 31 August 2025 2024 Trade creditors Other tsxalion and social securty Other creditors Accfuals and deferred income 6,034 2,426 10.769 2.703 1.286 6.930 6,650 17,054 21,688 16. Statgmgnt of funds statement of funds- current year Balance at 1 Sept 2024 Balance at 31 August 2025 Income Expendlturè Unr95trictgd funds General Fund 98,707 529,330 493,473 134,564 Restricted funds Community Trusts 12,500 120.OCK) 103,509 28,991 Total of funds 111,207 649.330 59S,982 163,555 25
THE COUNTRY FOOD TRUST Notss to the FlnancSal Statements for the Year Ended 31 Au ust 2025 18. Statement of funds Icontinugd) statement of funds- prlor year Balance at 1 Sept 2023 Balanee at 31 August 2024 Income Expenditur Unrestricted funds General Fund 120,838 658,948 681,079 98.707 Restrict funds 5,000 37.500 30,000 12,500 Tolal of funds 125.838 696.448 711.079 111,207 The general fund relates lo the amounts donated to the CIO with no Strict10n imposed on them by the donor. 19. Restricted Funds Community Trust donations were given lo help provide meals lo f¢Jod banks at cost price. 20. Analysis of not assets between funds Analysls of net assets between funds- current ygar Unrestricted Funds 2025 Re5tri¢tod Funds 2025 Balance at 31 August 2025 Fixed assets Current assets Creditors due wtthin one year 151,114 117.5041 28.991 180.105 117,5041 134.564 28,991 163,555 26
THE COUNTRY FOOD TRUST Notes to the Financial Ststements forthe Year Ended 31 Au USt 2025 21. Analysls of net assots b9tWggn funds Icontinugd) Analysls of net assets between funds- prior year Unrestricted Funds 2024 Rgstricted Funds 2024 Balance at 31 August 2024 Fixed asset Current assets Creditors due within one year 1,261 119,134 121,6881 1,261 131,634 121,688} 12.500 98.707 12.500 111,207 22. Pen$ion commltments The CIO operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the CIO in an independently administered fund. The pension cost charge represents contributions payable by the CIO to the fund and amount lo £10,2(612024 £8271. Contributions tolalling £85912024 £nil) were payable lo the fund al the balance sheet date and are ineluded in creditors.