## 



## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

|**Trustees**|MrRAO'Connor, Chair|
|---|---|
||Mr R Fuller|
||Ms V Stiff|
||Dr M Richards|
||Mrs K Chadwick|
||Mr S Pomeroy|
|**Senior Leadership Team**|Ms E Purnell, Finance Manager|
||Miss N Haddock, Animal Care Manager|
||Mr J Pott, Estates Manager|
||Mr Kevan Hodges, CEO|
||Mr Ewan Tilbe, Retail Operations Manager|
|**Principal Office**|Wambrook|
||Chard|
||Somerset|
||TA20 3DH|
||The charityisincorporatedinEngland & Wales.|
|**Company Registration Number**|09772680|
|**Charity Registration Number**|1164350|
|**Bankers**|Lloyds Bank PLC|
||27 Fore Street|
||Chard|
|**Auditor**|PKF Francis Clark|
||Blackbrook Gate 1|
||Blackbrook Park Avenue|
||Taunton|
||Somerset|
||TA12PX|






## 

## 

## 




## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 



## 

## 




## 

## 

## 

|**YearEnded31March2024**||||||||
|---|---|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**|**2024**|**funds**|**funds**|**2023**|
||**Note**|£|£|£|£|£|£|
|**Income and Endowments from:**||||||||
|Donations and legacies|3|681,982|50,241|732,223|1,040,585|15,155|1,055,740|
|Charitable activities|4|55,035|-|55,035|44,152|-|44,152|
|Other trading activities|5|721,576|-|721,576|428,524|-|428,524|
|Investment income|6|16,044|-|16,044|21,947|-|21,947|
|Total Income||1,474,637|50,241|1,524,878|1,535,208|15,155|1,550,363|
|**Expenditure on:**||||||||
|Raising funds|7|(1,089,029)|-|(1,089,029)|(680,818)|-|(680,818)|
|Charitable activities|8|(1,144,549)|(27,719)|(1,172,268)|(1,025,823)|(27,565)|(1,053,388)|
|Total Expenditure||(2,233,578)|(27,719)|(2,261,297)|(1,706,641)|(27,565)|(1,734,206)|
|Losses/gains on investments||20,355|-|20,355|(62,583)|-|(62,583)|
|Net (expenditure)/income||(738,586)|22,522|(716,064)|(234,016)|(12,410)|(246,426)|
|Transfers between funds||540|(540)|-|1,590|(1,590)|-|
|Net movementinfunds||(738,046)|21,982|(716,064)|(232,426)|(14,000)|(246,426)|
|**Reconciliation of funds**||||||||
|Total funds brought forward||3,640,334|1,269,649|4,909,983|3,872,760|1,283,649|5,156,409|
|Total funds carried forward|23|2,902,288|1,291,631|4,193,919|3,640,334|1,269,649|4,909,983|





## 

|**(Registration number:09772680)**<br>**Balance Sheet as at31March 2024**||||
|---|---|---|---|
|||**2024**|**2023**|
||**Note**|£|£|
|**Fixed assets**||||
|Intangible assets|13|8,340|832|
|Tangible assets|14|3,810,298|3,826,495|
|Investments|15|392,497|732,150|
|||4,211,135|4,559,477|
|**Current assets**||||
|Stock|16|34,509|32,789|
|Debtors|17|200,828|398,410|
|Cash at bank and in hand|18|46,489|253,775|
|||281 ,826|684,974|
|**Creditors: Amounts falling due within one year**|19|(228,209)|(213,635)|
|**Net current assets**||53,617|471,339|
|**Total assets less current liabilities**||4,264,752|5,030,816|
|**Creditors: Amounts falling due after more than one year**|20|(70,833)|(120,833)|
|**Net assets**||4,193,919|4,909,983|
|**Fundsofthe charity:**||||
|**Restricted income funds**||||
|Restricted funds||1,291,631|1,269,649|
|**Unrestricted income funds**||||
|Unrestricted funds||2,902,288|3,640,334|
|**Total funds**|23|4,193,919|4,909,983|






## 

||**2024**|**2023**|
|---|---|---|
||£|£|
|**Cash flows from operating activities**|||
|Net expenditure|(716,064)|(246,426)|
|**Adjustments to cash flows from non-cash items**|||
|Depreciation|139,389|126,307|
|Amortisation|1,317|966|
|Loss on disposal of fixed assets held for the charity's own use|(100)|(2,292)|
|Investment managers fees paid from investment portfolio|4,922|7,496|
|Investment return retained by investment managers|(51,769)|40,820|
||(622,305)|(73,129)|
|**Working capital adjustments**|||
|Increaseinstocks|(1,720)|(3,219)|
|Decrease/(increase)indebtors|197,582|(210,325)|
|Increaseincreditors|14,574|79,485|
|Net cash flows from operating activities|(411,869)|(207,188)|
|**Cash flows from investing activities**|||
|Interest receivable and similar income|16,500|19|
|Purchase of intangible fixed assets|(8,825)|-|
|Purchase of tangible fixed assets|(123,192)|(80,400)|
|Saleoftangible fixed assets|100|2,517|
|Cash withdrawn from investment portfolio|370,000|355,000|
|Net cash flows from investing activities|254,583|277,136|
|**Cash flows from financing activities**|||
|Repaymentofloans and borrowings|(50,000)|(50,000)|
|Net (decrease)/increaseincash and cash equivalents|(207,286)|19,948|
|Cash and cash equivalents at beginningofyear|253,775|233,827|
|Cash and cash equivalents at end of year|46,489|253,775|





## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

|**3 Income from donations and legacies**||||
|---|---|---|---|
||**Unrestricted**|||
||**funds**|**Restricted**|**Total**|
||**General**|**funds**|**funds**|
||£|£|£|
|Donations and legacies;||||
|Gift aid donations and covenants|85,260|-|85,260|
|Cash donations|71,541|-|71,541|
|Legacies|502,800|-|502,800|
|Grants, including capital grants;||||
|Business Support grants|3,306|-|3,306|
|Other grants received|19,075|-|19,075|
|Other grants and donations - restricted|-|50,241|50,241|
|**Total for 2024**|681,982|50,241|732,223|
|**Total for 2023**|1,040,585|15,155|1,055,740|





## 

## 

|**4 Income from charitable activities**|||
|---|---|---|
||**Unrestricted**||
||**funds**|**Total**|
||**General**|**funds**|
||£|£|
|Animal homing income|47,517|47,517|
|Live-in staff services contributions|7,518|7,518|
|**Total for 2024**|55,035|55,035|
|**Total for 2023**|44,152|44,152|
|**5 Income from other trading activities**|||
||**Unrestricted**||
||**funds**|**Total**|
||**General**|**funds**|
||£|£|
|Trading income;|||
|Charity shop sales|568,943|568,943|
|Restaurant sales|68,249|68,249|
|Fundraising income|8,669|8,669|
|Pet insurance income|11,864|11,864|
|Admission fees|53,033|53,033|
|Solar energy feedintariff|4,098|4,098|
|Rental income|6,720|6,720|
|**Total for 2024**|721,576|721,576|
|**Total for 2023**|428,524|428,524|
|**6 Investment income**|||
||**Unrestricted**||
||**funds**|**Total**|
||**General**|**funds**|
||£|£|
|Dividends receivable from listed investments|15,588|15,588|
|Bank and investment interest receivable|456|456|
|**Total for 2024**|16,044|16,044|
|**Total for 2023**|21,947|21,947|





## 

## 

## 

|**a)Costsofgenerating donations and legacies**|||
|---|---|---|
||**Unrestricted**||
||**funds**|**Total**|
||**General**|**funds**|
||£|£|
|Fundraising and marketing|335,012|335,012|
|**Total for 2024**|335,012|335,012|
|**Total for 2023**|269,596|269,596|
|**b)Costsoftrading activities**|||
||**Unrestricted**||
||**funds**|**Total**|
||**General**|**funds**|
||£|£|
|Charity shop expenses|606,246|606,246|
|Restaurant costs|142,176|142,176|
|**Total for 2024**|748,422|748,422|
|**Total for 2023**|403,726|403,726|
|**c)Investment management costs**|||
||**Unrestricted**||
||**funds**|**Total**|
||**General**|**funds**|
||£|£|
|Fees payable to investment managers|5,595|5,595|
|**Total for 2024**|5,595|5,595|
|**Total for 2023**|7,496|7,496|





## 

## 


## 

## 

|||||**Premises**|||
|---|---|---|---|---|---|---|
|||||**costs**|||
||**Governance**|**Information**|**Administration**|**including**|**Total**|**Total**|
||**costs**|**technology**|**costs**|**depreciation**|**2024**|**2023**|
||£|£|£|£|£|£|
|Animal Care|14,858|43,654|168,655|240,835|468,002|413,574|





## 

## 

|**10 Net income/expenditure**<br>Net expenditure for the year includes:|||
|---|---|---|
||**2024**|**2023**|
||£|£|
|Amount expensedinrespect of operating leases|77,478|40,270|
|Auditors remuneration - audit fees|11,215|8,500|
|Auditors remuneration - tax advisory services|745|150|
|Auditors remuneration - other services|3,240|4,000|
|Profit on disposal of fixed assets held for the charity's own use|(100)|(2,292)|
|Depreciationoffixed assets|139,389|126,307|
|Amortisationofsoftware|1,317|966|



## 

## 

## 

|**12 Staff costs**<br>The aggregate payroll costs were as follows:|||
|---|---|---|
||**2024**|**2023**|
||£|£|
|**Staff costs during the year were:**|||
|Wages and salaries|1,158,567|909,714|
|Social security costs|79,164|63,247|
|Pension costs|48,279|13,483|
||1,286,010|986,444|





## 

## 

|<br>charity during the year was as follows:|||
|---|---|---|
||**2024**|**2023**|
||**No**|**No**|
|Animal care|20|20|
|Estates|5|4|
|Fundraising and marketing|4|3|
|Ferne shop & Visitor Centre|8|6|
|Restaurant|8|7|
|Charity shops|21|13|
|Human Resources and Administration|7|6|
||73|59|



## 

|**13 Intangible fixed assets**|||
|---|---|---|
||**Software and**||
||**website**||
||**costs**|**Total**|
||£|£|
|**Cost**|||
|At 1 April 2023|12,976|12,976|
|Additions|8,825|8,825|
|At31March 2024|21,801|21,801|
|**Amortisation**|||
|At 1 April 2023|12,144|12,144|
|Charge for the year|1,317|1,317|
|At31March 2024|13,461|13,461|
|**Net book value**|||
|At31March 2024|8,340|8,340|
|At31March 2023|832|832|





## 

|**14 Tangible fixed assets**|||||||||
|---|---|---|---|---|---|---|---|---|
||**Freehold**||||||||
||**land and**|**Furniture and**|**Motor**|**Computer**|||||
||**buildings**|**equipment**|**vehicles**|**equipment**||**Solar panels**||**Total**|
||£|£|£|£|||£|£|
|**Cost**|||||||||
|At 1 April 2023|4,324,538|296,436|28,062|65,768|||19,924|4,734,728|
|Additions|2,547|93,552|-|27,093|||-|123,192|
|Disposals|-|(5,148)|-|-|||-|(5,148)|
|At31March 2024|4,327,085|384,840|28,062|92,861|||19,924|4,852,772|
|**Depreciation**|||||||||
|At 1 April 2023|586,255|233,581|28,062|45,844|||14,491|908,233|
|Charge for the year|88,685|31,670|-|17,058|||1,976|139,389|
|Eliminated on disposals|-|(5,148)|-|-|||-|(5,148)|
|At31March 2024|674,940|260,103|28,062|62,902|||16,467|1,042,474|
|**Net book value**|||||||||
|At31March 2024|3,652,145|124,737|-|29,959|||3,457|3,810,298|
||||||=====||||
|At31March 2023|3,738,283|62,855|-|19,924|||5,433|3,826,495|
||||||=|=|====||





## 

|**15 Fixed asset investments**|||
|---|---|---|
||**2024**|**2023**|
||£|£|
|Sharesingroup undertakings|**1**|1|
|Other investments|392,496|732,149|
||392,497|732,150|
|**Other investments**|||
||**2024**|**2023**|
||£|£|
|Listed investments|392,496|603,692|
|Cash held for investment|-|128,457|
||392,496|732,149|
|||**Listed**|
|||**investments**|
|||£|
|**CostorValuation**|||
|At 1 April 2023||603,692|
|Revaluation||20,354|
|Additions||123,428|
|Disposals||(354,978)|
|At31March 2024||392,496|
|**Net book value**|||
|At31March 2024||392,496|
|At31March 2023||603,692|





## 

## 

|The principal activityofFerne Trading Limited is thatofadormantcompany.|The principal activityofFerne Trading Limited is thatofadormantcompany.||
|---|---|---|
|**16 Stock**|||
||**2024**|**2023**|
||£|£|
|Consumables|16,348|18,670|
|Goodsforresale|18,161|14,119|
||34,509|32,789|
|**17 Debtors**|||
||**2024**|**2023**|
||£|£|
|Trade debtors|8,012|29,107|
|VATrecoverable|30,054|22,108|
|Other debtors|-|13,185|
|Prepayments|63,702|11,780|
|Accrued income|99,060|322,230|
||200,828|398,410|
|**18 Cash and cash equivalents**|||
||**2024**|**2023**|
||£|£|
|Cash at bank|46,489|253,775|





## 

## 

## 

|**19 Creditors: amounts falling due within one year**|||
|---|---|---|
||**2024**|**2023**|
||£|£|
|Bank loans|50,000|50,000|
|Trade creditors|123,581|115,963|
|Other taxation and social security|18,865|17,741|
|Other creditors|2,898|1,741|
|Accruals|32,865|28,190|
||228,209|213,635|
|**20 Creditors: amounts falling due after one year**|||
||**2024**|**2023**|
||£|£|
|Bank loans|70,833|120,833|



## 

## 

## 

||**2024**|**2023**|
|---|---|---|
||£|£|
|Within one year|85,696|48,318|
|Between one and five years|269,060|41,578|
||354,756|89,896|



## 



## 

## 

|**23 Funds**|||||||
|---|---|---|---|---|---|---|
||**Balance at**|||||**Balance at**|
||**1 April**|**Incoming**|**Resources**|||**31March**|
||**2023**|**resources**|**expended**|**Transfers**||**2024**|
||£|£|£||£|£|
|**Unrestricted funds**|||||||
|**_General_**|||||||
|General funds|3,526,845|1,494,991|(2,233,579)|114,029||2,902,286|
|**_Designated_**|||||||
|Designated funds|113,489|-||(113,489)||-|
|**Total unrestricted funds**|3,640,334|1,494,991|(2,233,579)|540||2,902,286|
|**Restricted funds**|||||||
|Rehoming centre|284,425|-|(6,666)|||277,759|
|Cattery and isolation unit|109,085|-|(2,564)|||106,521|
|Visitor centre|89,878||(2,096)|-||87,782|
|Ferret House|8,800|-|(200)|||8,600|
|Equine rehabilitation|||||||
|centre|22,650|4,493|-|-||27,143|
|Goose house|6,900|-|(152)|-||6,748|
|Dog sensory garden|23,898|-|(512)|-||23,386|
|The Montague-Panton|||||||
|Welfare Trust|628,015|-|(14,920)|-||613,095|
|Co-operative- Polytunnel|2,920|-|(63)|-||2,857|
|Hatcher Animal Welfare|||||||
|Trust dog shelters|4,625|-|(100)|-||4,525|
|Cattery appeal|12,077|-|(242)|-||11,835|
|The Norman Family|||||||
|Foundation|490|-|(10)|-||480|
|Support adoption for pets|7,000|-|-|-||7,000|
|Animal Rescue|||||||
|Foundation|3,000|-|-|-||3,000|
|Hobson Charity|20,000|-|-|-||20,000|
|Voles project|2,238|-|-|-||2,238|
|Hayhurst Foundation|4,985|-|-|-||4,985|
|Boris Appeal|12,919|-|-|-||12,919|
|Chicken run|3,217|-|-|-||3,217|
|Comfy Cows|255|4,907|-|-||5,162|
|Chinchilla House|2,808|-|-|-||2,808|
|Other restricted funds|19,464|13,742|-|(540)||32,666|
|Viewing Platform|-|9,700|(193)|-||9,507|
|Rainwater Harvesting|-|11,400|-|-||11,400|
|Radios|-|500|-|-||500|
|Animal Friends|-|5,000|-|-||5,000|





## 

||**Balance at**|||||**Balance at**|
|---|---|---|---|---|---|---|
||**1 April**|**Incoming**|**Resources**|||**31March**|
||**2023**|**resources**|**expended**|**Transfers**||**2024**|
||£|£|£||£|£|
|Majorie Coote Animal|||||||
|Charity Trust|-|500|||-|500|
|**Total restricted funds**|1,269,649|50,242|(27,718)|__|(540)<br> <br>_,__....,_|1,291 ,633|
|**Total funds**|4,909,983|1,545,233|(2,261,297)|||4,193,919|





## 

||**Balance at**||||**Balance at**|
|---|---|---|---|---|---|
||**1 April**|**Incoming**|**Resources**||**31March**|
||**2022**|**resources**|**expended**|**Transfers**|**2023**|
||£|£|£|£|£|
|**Unrestricted funds**||||||
|**_General_**||||||
|General funds|3,748,994|1,535,208|(1,758,947)|1,590|3,526,845|
|**_Designated_**||||||
|Designated funds|123,766|-|(10,277)|-|113,489|
|**Total unrestricted funds**|3,872,760|1,535,208|(1,769,224)|1,590|3,640,334|
|**Restricted**||||||
|Rehoming centre|291,091|-|(6,666)||284,425|
|Cattery and isolation unit|111,649||(2,564)|-|109,085|
|Visitor centre|91,974||(2,096)|-|89,878|
|Ferret House|9,000||(200)|-|8,800|
|Equine rehabilitation||||||
|centre|22,650|-|-||22,650|
|Goose house|7,052|-|(152)||6,900|
|Dog sensory garden|23,910|500|(512)|-|23,898|
|The Montague-Panton||||||
|Welfare Trust|642,935|-|(14,920)|-|628,015|
|Co-operative- Polytunnel|2,983|-|(63)|-|2,920|
|Hatcher Animal Welfare||||||
|Trust dog shelters|4,725|-|(100)|-|4,625|
|Cattery appeal|12,200|-|(123)|-|12,077|
|The Norman Family||||||
|Foundation|500|-|(10)|-|490|
|Support adoption for pets|7,000|-|-|-|7,000|
|Animal Rescue||||||
|Foundation|3,000|-|-|-|3,000|
|Hobson Charity|20,000|-|-|-|20,000|
|Voles project|2,238|-|-|-|2,238|
|Hayhurst Foundation|4,985|-|-|-|4,985|
|Boris Appeal|10,544|2,375|-|-|12,919|
|Chicken run|-|3,217|-|-|3,217|
|Comfy Cows|-|255|-|-|255|
|Chinchilla House|-|2,808|-|-|2,808|
|Other restricted funds|15,213|6,000|(159)|(1,590)|19,464|
|**Total restricted funds**|1,283,649|15,155|(27,565)|(1,590)|1,269,649|
|**Total funds**|5,156,409|1,550,363|(1,796,789)|-|4,909,983|
|||||====||





## 

## 

## 

## 

## 

||**Unrestricted**||**Total funds**|
|---|---|---|---|
||**funds**|**Restricted**|**at31March**|
||**General**|**funds**|**2024**|
||£|£|£|
|Intangible fixed assets|8,340|-|8,340|
|Tangible fixed assets|2,636,647|1,173,651|3,810,298|
|Fixed asset investments|392,497|-|392,497|
|Current assets|163,846|117,980|281,826|
|Current liabilities|(228,209)|-|(228,209)|
|Creditors over 1 year|(70,833)|-|(70,833)|
|Total net assets|2,902,288|1,291,631|4,193,919|





## 

## 

## 

## 

|**Categorisationoffinancial instruments**|||
|---|---|---|
||**2024**|**2023**|
||£|£|
|Financial assets measured at fair value through profit or loss|392,497|732,149|
|Financial assets that are debt instruments measured at amortised|||
|cost|8,012|29,107|
|Financial liabilities measured at amortised cost|(176,479)|(167,704)|
||224,030|593,552|



## 

##