Company registration number.. 09772680 Charity registration number.. 1164350 The Ferne Animal Sanctuary IA company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025 The Ferne Animal Sanctuary Contents Trustees, Report 1 to13 Statement of Trustees, Responsibilities 14 Independent Auditors, Report 15to18 Statement of Financial Activities 19 Balance Sheet 20 Statement of Cash Flows 21 Notes to the Financial Statements 22to40 The Ferne Animal Sanctuary Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the Iwelve-month period ended 31st March 2025, the comparative infomalion shown is for the 12-monlh period to 31st March 2024. The accounts have been drawn up in compliance with the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective 1st JanLJary 20191 and in accordance with the charity s Trust Deed. Chair's Statement This year has been one of the most challenging in recent memory, requiring fundamental changes lo our cost base and how the charity operates. The charity went through a period of organisalional change lo strengthen ils financial and operational sustainability. Sadly, this meant sawng goodbye lo several valued colleagues whose contributions are deeply appreciated and will have a lasting impact on the charity. Alongside this, we explored new ways lo diversify income, introducing additional boarding services to support our rehoming aclivilies. We also made the difficult but necessary decision lo close the cafe lo reduce costs which in turn affected visitor numbers lo the sanctuary. To further manage expenditure, we reduced our general opening by days each week and paused day visits during the winter months. The charity launched an urgent appeal lo raise £100k lo help us through this difficult period. With costs continuing to rise and donations slowing, the appeal was both necessary and timely. 11 reached its target and attracted national media coverage including two TV features, that helped highlight the pressures facing animal charities across the country. The campaign also expanded our supporter base, with more people joining Friends of Ferne and signing up for our e-magazine. The Big Give Christmas Challenge brought further success, with Champion funding secured for the first time and the full target achieved. The Feme Essentials project tested us in many ways bul also brought out the best in our teams. Despite the challenges, colleagues showed remarkable resilience and care for one another. Engagement in both our colleague and volunteer surveys improved, reflecting growing confidence and openness across the charity. Volunteer numbers continued lo rise, and our corporate volunteering programme helped deliver visible improvements to the sanctuary grounds and buildings While the year brought progress and greater stability for the charity, we recognise that the charity continues to operate in a challenging environment and remains dependent on the generosity of our supporters and the wider public to sustain our work. Pag8 1 The Ferne Animal Sanctuary Trustees, Report Objects and Alms Background Ferne Animal Sanctuary was founded in 1939 by Nina, Duchess of Hamilton and Brandon, in response to the plight of animals affected by the Second World War. Based initially on the Feme Estate near Shaftesbury. Over the past eight decades, the sanctuary has evolved while staying true lo its founding purpose. Under a Trust Deed established in October 1965, we expanded our work and, in 1975, relocated lo our current site near Chard in Somerset. We became a registered charity and company in September 201 S, strengthening our g0Veman￿ and long-term commitment to animal welfare. Today, Feme offers refuge to unwanted domestic and farm animals, providing a safe and caring environment until they can be rehomed, or for life if needed. We care for more than 300 long-term residents, many with complex needs, and run a rehoming progr8mme for dogs and cats, ensuring each placement follows a thorough assessment process. Our adoption pledge extends beyond the point of rehoming. If circumstances change, we offer ongoing support and, where necessary, a safe return. We work closely with adopters lo accommodate medical or behavioural challenges and to ensure the best possible outcomes for every animal. Ferne's history is one of enduring compassion and commitment. Every animal we shelter, rehome, or protect is a living part of the legacy that began over 80 years ago, a legacy that continues lo shape our future. Wslon A world where people respect animals and treat them with compassion. Mission To be a ￿ntre of eX￿llen￿ for animal care and rehabililalion through education, support and re-homing. Our strategic objectives The care for unwanted and abandoned animals remains at the heart of the charities focus. To improve the welfare of animals through changing people's behaviour To expand our operation to ensure we can meet the needs of the growing number of animals surrendered lo us To maximise re-homing opportunities for all animals surrendered to our care To provide the knowledge and skills the staff and volunteers need lo carry out their roles effectively To maintain our policies and practi￿S to ensure the long-lerm financial sustainability of the charity To fundraise effectively to deliver our strategy Pag8 2 The Ferne Animal Sanctuary Trustees, Report Core values Honesty, to be upfront and transparent with no hidden agenda. Inclusiveness, everyone's voice and input is valued. Only with open mindedness can we continue lo grow and evolve valuing the individual. Kindness, being friendly, generous, considerate of others and their feelings. Empathy, we endeavour lo be able to put ourselves in someone else's situation especially in challenging limes and see things from their point of view, human or animal. Respect, lo be offered in all inleraclions with any living being. We all have different roles for a common goal. Our Public Benefit Who benefiTts from the work that we do? The work of Ferne Animal S8ncluary reaches far beyond the animals in our care. Every year, we provide vital support to people facing some of the most difficult moments in their lives. Increasingly, we are contacted by individuals in vulnerable situations, including those experiencing suicidal thoughts, living with domestic abuse, or struggling with severe financial hardship, who need lo surrender their animals. In these cases, our role is not only lo provide a safe and secure environment for the animal but also lo offer kindness and reassurance to their owners al a lime of crisis. We also create opportunities for people lo gain skills, confiden￿, and a sense of purpose. Many of our volunteers and students have special educational needs, and through their time at Ferne they become part of a supportive team while developing abilities in teamwork, animal care and retail. For students and adults preparing for careers in animal-related professions, we offer hands-on experien￿ that complements formal study. This includes placements for those training as equine podiatrists, equine sports massage practitioners, and rehabilitation therapists, as well as students studying animal care and welfare. Our placements help them build the practical skills needed for their chosen paths, from daily routines lo working on real-life case studies. ThroLJgh this mix of animal welfare, education, and community engagement, Ferne provides a public benefit that changes lives, builds futures, and strengthens the bond between people and animals. How do we demonstrate ourpublic benefiTt? Anlmal Case Studles Rosle Rosie, a gorgeous 2-year-old Yorkshire terrier who came to us when her owner was diagnosed with dementia and was unable lo care for her anymore. While Rosie was with us, she was diagnosed with a luxating patella. She has undergone surgery and recovered well. She also had significant physiotherapy following the surgery which has been very successful lo the point that she has been signed off by the physio and so far, shouldn't require any further surgery. Rosie is enjowng her life in a new home with no pain or mobility struggles. Pag8 3 The Ferne Animal Sanctuary Trustees, Report Bread Klttensl This litter of very sick kittens were handed in at a vet with their Mum as strays. Mum had nothing lo feed her babies, she was in such poor condition. One of the kittens in particular, 'Pretzel'. required some very intensive care from the team. She had lo spend time in the incubator and on a nebulizer to help clear the infection in her respiratory system. Her eyes were glued shut with the amount of discharge they were producing, and one eye was l(x) damaged lo save. She had several weeks of topical antibiotics which did save one of her eyes. Al this point she was too tiny and poorly to undergo surgery but while she was still fighting, we had lo keep trying. We were able lo get Pretzel strong enough to be able to go into a home and enjoy a normal life. We have since covered the cost of her surgery to remove that unsalvage8ble eye. She is now thoroughly enjoying life in a home with one of her siblings. Trading Standards Sheep We were contacted by trading standards who had seized a flock of sheep on welfare grounds and had managed lo find a home for all of them except for a young ram. Malcolm had been badly neglected, he had around 3 years, worth of wool on him, he was very frightened as he had clearfy not been handled or had any prevenlalive healthcare. Malcolm has now been sheared, wormed and caslraled. Having recovered well and his hormones given time to subside he has integrated beautifully into our flock where he will spend the rest of his days. Achlevements and Performance The charity entered the year facing significant financial pressure, with reserves at risk of falling below sustainable levels. In response, we launched an Urgent Appeal to safeguard core operations. The appeal mel its target and provided crucial breathing space, enabling us to stabilise the charity and plan new income-generating activity- One key initiative followed with the opening of boarding services for dogs and cats. This development was bome out of necessity bul has since become an important and sustainable income stream that directly supports the ongoing care of animals at the Sanctuary. Retail remains a vital part of our income mix, funding the care and rehoming of animals while strengthening our presence within local Communities. This year saw significant growth, with retail income rising from £457.3k lo £578.7k, supported by a further £36k generated through Gift Aid. In June, we opened our Dorchesler store, which made a fantastic start and quickly became a valued part of the local high street. Conversely, we made the difficult decision lo close our Honiton store, a loss fell by colleagues, volunteers, and the community. Across the remaining shops, teams focused on improving merchandising, running seasonal promotions, and embedding Ferne's mission more visibly within the retail experien￿. Looking ahead, we will continue to strengthen the link between retail and fundraising, grow Gift Aid participation, and expand local marketing efforts lo reach and inspire more supporters. Pag8 4 The Ferne Animal Sanctuary Trustees, Report The trustees have six strategic objectives which guide our wort( over the period 2015-2026. Our charitable objerts are lo promote animal welfare and provide sanctuary for animals in need, alongside educating the public about responsible animal care. During the year, we worked towards these aims through the following strategic objectives.. Strategic Objectives S01- To improve the welfare of animals through changing people's behaviour Improving animal welfare starts with people. This year, our outreach focused on helping individuals understsnd the responsibilities of ownership and the impact their choices have on the lives of animals. We delivered talks in the community, schools, and retirement homes, sharing insights into the work we do at the Sanctuary, the reasons animals come to us, and how we care for them. Our sanctuary tours invite visitors lo see the worfd from the animal's perspective. Through discussion and demonstration, we explore what genuine care means, meeting an animal's needs before our own preferences. Visitors learn about stress reduction techniques for different species, the importance of encouraging natural behaviours, and the "Five Freedoms" of animal welfare. For many, the willow walk is their first introduction to these principles, prompting reflection on how they might improve the lives of their own animals and, in doing so, prevent some of the issues that can lead lo surrender. During school holidays, we ran our rabbit care sessions once again for families considering a pet rabbit. These sessions are aimed al parents as much as children and focus on the animal's needs and the reality of care, rather than handling or petting. Parents often tell us they leave with a new understanding of what responsible ownership looks like, and several have decided lo make changes to improve the welfare of their existing pets as a result. We also welcomed back trainee equine podiatrists, providing further education on equine behaviour and ethical handling techniques. These future professionals will lake these methods into the wider community, helping lo move away from ouldaled and often harmful traditional practices that are still widely laught and accepted. By equipping the next generation with humane, evidence-based approaches, we are helping lo shape a more compassionate future for equine welfare, far beyond the Sanctuary. We have delivered talks to a wide variety of community groups, schools and clubs. Each talk is an opportunity lo engage with people lo increase understanding of what different animals need. This encourages people lo think about how they care for their animals and lo make a more informed decision when considering a new pet. Pag8 5 The Ferne Animal Sanctuary Trustees, Report S02 - Expand operatlons to meet the needs of the growlng number of anlmals surrendered to us This year saw a significant rise in the number of animals surrendered lo the Sanctuary, reflecting growing financial hardship, changes in personal circumstances, and increasingly complex behavioural and medical needs. In response, we provided sanctuary lo a wide range of domestic and farm animals, ensuring each received the care they required from the moment they arrived. Many needed immediate veterinary attention, specialised diets, or behaviour support to help them settle and begin their recovery. To help sustain this growing demand, we introduced boarding services as an essential strand of our operations. The Servi￿ generates vital income that directly supports the ongoing care and rehoming of animals who cannot yel move on to their forever home. By maintaining a safe and supportive environment, we give every animal the time and space they need to recover before joining our rehoming programme. S03 - To maximise re-homing opportunities for all animals surrendered to our care Rehoming rates remained strong despite ongoing economic pressures on potential adopters, supported by targeted promotion and careful matching. Over the year, we successfully rehomed 78 dogs, 108 cats, 3 horses, and 18 animals of other species, reaffirming our commitment lo giving every animal the best possible chance of a new life in a loving home. We continue lo see a high number of dogs needing rehoming who present with complex behavioural or medical needs. To address this, we engage the services of a qualified behaviourist who provides specialist support lo both animals and adopters. Each dog follows a tailored training plan designed lo help them adjust, build confidence, and thrive within the community, increasing their likelihood of long-lemi success in their new homes. We are also grateful to the Association of Cats and Dogs Homes, of which we are proud members, for their guidance and regular updates. Their expertise continues lo support our commitment to the safely and wellbeing of both animals and colleagues. S04 Provide the knowledge and skills colleagues and volunteers need to carry out their roles effectively Our commitment lo equipping colleagues and volunteers with the right knowledge and skills remains central to both our mission and the welfare of the animals in our care. This year, despite constrained training budgets, essential courses went ahead. Leadership and people management skills were strengthened across the management team, with training completed by the Retail Operations & Area Manager, and Animal Care and Estates Managers. The Head of Callery began a Cal Behavioural Course, while multiple EFAW (Emergency First Aid al Workl sessions were delivered, and our Animal Care Supervisor completed IOSH training as part of the Health and Safety Committee. These investments in people ensure our team remains confident, capable, and ready to meet the diverse needs of the Sanctuary, now and in the future. Regular HR catchups have been introduced to support wellbeing and address emerging issues, and a refreshed induction process is planned for 2025126 to strengthen onboarding and retenb'on further. Pag8 6 The Ferne Animal Sanctuary Trustees, Report Volunteerlng Volunteers continue lo play an invaluable role across the Sanctuary and our charity shops. This year, 132 volunteers contributed 17,842 hours of their time, an increase of 529 hours, or 30/0, year-on-year. Since March 2023, total volunteer hours have risen by 5,285, representing an overall increase of 420/.. Growth has been particularly supported by the development of our corporate volunteering programme, which has enabled several key estate and site improvement projects to be completed. Engagement and feedback mechanisms have also strengthened, with the intr(IdLJCtion of a volunteer survey and improved p8rtlClP8tion in the colleague survey. These insights are helping to shape our approach lo communication, training, and recognition, ensuring that volunteers feel valued and supported in their roles. S05 - Maintain policies and practices to ensure the charity's long-term financial sustainability We maintain robust policies and practices lo safeguard the charills long-term financial sustainability, ensuring compliance with all legal responsibilities sel out by the government and the Charity Commission. This year, a full consolidation of policies was completed, bringing all documents into a single, slruclured framework. Alongside policy governance, we continue to prioritise prudent financial management, regular risk assessments, and the development of strategic financial plans. These measures ensure that Feme remains transparent, compliant, and financially resilient in the face of evolving challenges and future ￿n￿rtainty. S06 - To fundralse effectlvely to dellver our strategy Throughout the year, we delivered a varied and successful programme of appeals, events, and partnerships in support of our strategic goals. Three major appeals were launched in line with the three editions of @Ferne magazine the Hay Appeal, Urgent Appeal, and Washing Machine Appeal each raising vital funds and engaging supporters with the impact of their generosity. Our Winter Welfare campaign through the Big Give Christmas Challenge secured Champion funding for the first time and achieved ils tsrgel. Event fundraising remained strong, we retumed lo The Big Bark lo host a dog show ring and allended seven external events across the region. Two particular highlights were Chardrock in August, which raised £3,249, and Furcalion in November, which raised £13,752. Despite challenging weather, our Annual Dog Show proved as popular as ever, raising £4,500 thanks to the dedication of our team and volunteers. Grant income continued to play an important role, with £52,494 received from 14 trusts and granl-giving organisations. At year end, we held eight active corporate sponsorships, one ambassador partnership with C&D South West, and six business partners and supporters, including Springvale Equipment, Netilude, Alro Services Ltd, Opace, and Co¢opup London. Legacies remain a comerstone of our income, enabling us to transform the lives of animals in need. We are deeply grateful lo everyone who has remembered Ferne in their wills, as well as to our Friends of Feme regular donors, fLJndraisers, and volunteers. Your kindness, energy, and generosity make our work possible and continue lo shape a brighter future for the animals in our care. Pag8 7 The Ferne Animal Sanctuary Trustees, Report Publlc Relatlons This year marked the beginning of a more data-led, strategic approach to communications, focused on consistent storytelling and audience growth. Social media perfomiance reflected this shift, with Facebook followers increasing by 454 over six months and engagement peaks linked lo high-impacl rescue stories and campaign activity. TikTok was introduced in May 2025 with daily conlenl and showed rapid earfy growth in reach and followers, proving the value of authentic, animal-led storytelling in engaging new aUdien￿S. Inslagram and Linkedln remain steady platforms for visual storytelling and professional updates, with plans lo expand short-fomi video and interactive content next year. Our PR work, delivered in partnership with ADPR, has been a particular strength this year, helping the Ferne brand reach new towns and audiences. Media coverage included interviews on BBC Radio Somersel and BBC Radio Bristol, alongside television features on BBC Spotlight and ITV News linked to the Urgent Appeal. These opportunities helped lo highlight the pressures facing animal charities and the growing need for public support. Local press coverage also featured store openings, often SLJPPOrted by attending MPS and community representatives. Al a local level, our Sanctuary and Fundraising teams have been active ambassadors for Feme, visiting schools, community groups, and organisations lo share our story and the impact of our work. These outreach activities remain a vital part of building awareness, fostering trust, and connecting people more deeply with our mission. Together, these combined efforts across PR and digitsl channels have strengthened brand awareness, reinforced public Irusl, and created a strong foundation for future growth in fundraising, rehoming, and community engagement. Financial Review Our total income for the year was £2,167,991 compared with £1,524,878 in the previous year. Trading income increased from £721,576 to £801,360, reflecting steady growth across our commercial and fundraising activities. Other key income streams included donations, grants, legacies, and the introduction of boarding services. Expenditure for the year was £2,024,377, with the largest areas being animal care, staffing, premises. and fundraising. We also undertook significant cost reduction measures, including the closure of the café and a reduction in public opening days, lo ensure resources were directed towards essential operations. The nel result for the year was a surplus of £152,545, Compared with a deficit of £716,064 in the previous year. This return to surplus reflects the impact of the Urgent Appeal, careful cost management, and the wlleclive effort across the organisation lo slabilise finances and rebuild reserves. Investments Trustees receive quarterly updates on Feme's investment perfomiance and have ongoing access lo portfolio information through an online portal. The portfolio is managed on a discretionary basis by Rathbones Investment Management Ltd under a formal client agreement, with an annual performance review meeting held be￿een Iruslees and Rathbones. Our investment strategy maintsins a balanced approach belween generating income and achieving long-lemi capital growth over a period of ten years or more. As part of our risk management policy, exposure to any single direct equity is limited lo no more than 5 /0 of the total portfolio value. Pag8 8 The Ferne Animal Sanctuary Trustees, Report Reserves The charity operates a stepped reserves policy in recognition of ongoing financial pressures and the need for resilience. This policy sets a minimum level lo safeguard against short-term cash flow risks, a target level to provide stability for planned aclivilies, and a maximum level to avoid holding excessive funds that could otherwise be applied to charitable purposes. These levels are reviewed annually, taking into account risk assessments, income volalilily, and future commilmenls. Current Position As al year-end, free resetves stood at £540,000, compared to £407,000 in 2024. This is above the minimum bul below the target level, reflecting eady signs of recovery following a period of significant financial pressure. Restricted funds remained stable at £1.305,28412024= £1,291.6311, demonslraling continued responsible fund management. Future Plans Trustees remain commilled to rebuilding reserves towards the target level over the next 24 months through enhanced fundraising, Cost control, and prudent financial management. The reserves policy will continue lo be reviewed annually to ensure il remains appropriate in the context of the charills financial environment and strategic objectives. Risks The trustees maintain a comprehensive risk register which is reviewed regularly. The principal risks identified this year were Cost of living pressures reducing donations and retail spending Rising ulilily and feed costs increasing the charills cost base Recruitment and retention of skilled animal care staff and volunteers Unplanned major velerinary or facilities expenditure Mitigations include diversification of income streams, proactive cost management, and strengthened volunteer engagement. At each full Board meeting, trustees review the Major Risks Register, which covers risks across all areas of the Sanctua￿$ operations and sets out strategies to mitigate them. During the year, trustees held an Extraordinary General Meeting IEGMI to review the charitys financial position and consider organisalional changes required to ensure long-term sustainability. This process formed part of our structured approach lo risk management and governance oversight, ensuring decisions were made transparently and aligned with the charitys mission. Rising costs remain the most significant ongoing risk to the charity- Veterinary care and animal-relaled expenses have increased, with prolonged wet weather requiring animals to be housed indoors for extended periods. Pensions Our stakeholder pension scheme aligns with the aulo-enrolment requirements sel forth by the Pensions Regulator. This mid-range pension product serves as a testament lo our commitment lo ensure that our staff can effectively prepare for their retirement. Pag8 9 The Ferne Animal Sanctuary Trustees, Report Structure, Governance and Management The charity is constituted as a charitable company limited by guarantee and govemed by ils Trust Deed. Trustees, who are also directors for the purposes of company law, are appointed in accordance with the governing document. Appointments are reviewed annually at the Annual General Meeting IAGM}, where members confim) or renew trustee positions lo ensure compliance and transparency. Trustee Recruitment and Appointment Trustees are recruited based on the skills and experience required lo support the charity s strategic objectives. The Board seeks individuals with expertise in govemance, HR, finance, and animal welfare to maintain a balanced skill sel. Induction and Training Each new trustee undergoes a comprehensive indLJCtion process and receives a detailed joining pack outlining their legal duties under charity law and the charitys governing document. Trustees are encouraged lo complete fundamental training covering governan￿ principles and financial management. To deepen operational understanding, new trustees participate in a day working within different sections of our animal care team. This practical experience reinforces their commitment lo the charity s mission and enhan￿S informed decision-making. Ongoing development opportunities and refresher training are provided lo ensure trustees remain up to dale with legislative changes and best practice. Governance Oversight The Board of Trustees meets regularfy to oversee the charitys aclivilies, monitor perforrnan￿, and ensure compliance with statutory obligations. Risk management and financial oversight are integral lo these meetings, supported by appropriate poli￿eS and procedLJres. FundraiTsing Statement All fundraising activities are carried out by the charills in-house fundraising team,. no professional fundraisers or commercial participators were engaged during the year. The charity is a member of the Fundraising Regulator and adheres to the Code of Fundraising Pradice. Fundraising activities during the year included sancluary-based events, online campaigns such as dog shows, attendance al community events and talks, and initiatives to encourage regLJlar giving through our Friends of Ferne scheme and animal sponsorships. We also seek support through corporate partnerships, appeals, and applications to trusts and grant-making bodies. Trustees maintain oversight of fundraising through quartedy Board meetings, where written reports are presented and discussed, and through the Finance and General Purposes Committee, which reviews fundraising performance and compliance. No fundraising complaints were received during the year. The charity has clear guidance in all fundraising outlets on protecting vulnerable people and spotting inappropriate donations. All fundraisers receive training on governance and ethical fundraising practices to ensure compliance and safeguard those who may be vulnerable. All fundraising marketing emails contain clear instructions to enable supporters to opt out of receiving any further communication. Page 10 The Ferne Animal Sanctuary Trustees, Report Remuneration of Staff The majority of our team members are paid at or close to the minimum wage, reflecting both the financial realities of the charity and our commitment to directing as many resources as possible towards animal care and core services. One member of staff earns an annual salary above £70,000, in line with the senior responsibilities and expertise required for the role. This range in remuneration reflects the diversity of roles within Ferne and our commitment lo fair, transparent pay practices that support the charity's sustainability and long-lerm growth. Plans for Future Periods Looking ahead to the coming year. our focus will be on strengthening retail performance through targeted local marketing, volunteer recruitment, and continued improvements in shop presentation. We will expand our boarding services and explore new income-generating opportunities lo support the long-term sustainability of the Sanctuary. Investment in colleagues and volunteer training will remain a priority, ensuring that our people have the knowledge and confidence lo deliver the highest standards of care. We also plan lo strengthen community engagement through education and outreach, building stronger connections with local groups, schools, and supporters. Alongside this, we will continue lo seek new corporate partnerships and grant funding lo diversify income and secure the resources needed lo meet the growing demand for our Servi￿8. Page11 The Ferne Animal Sanctuary Trustees, Report Reference and Administrative Details Trustees Mr R A O'connor, Chair Mr R Fuller, Vice Chair Ms V Stiff Dr M Richards Mrs K Chadwick Mr S Pomeroy {resigned 17 April 20251 Ms E Purnell, Finance Manager (CEO from 1 May 20251 Miss N Haddock, Animal Care Manager & Estates Mr J Pott, Estates Manager Mrs P Trebble, Retail Operations Manager Senior Lgadorship Team Principal Office Wambrook Chard Somerset TA20 3DH The charity is incorporated in England & Wales. Company Registration Number 09772680 Charity Registration Number 1164350 Bankers Lloyds Bank PLC 27 Fore Street Chard Audltor PKF Francis Clark Blackbrook Gale 1 Blackbrook Park Avenue Taunton Somerset TA12PX Page 12 The Ferne Animal Sanctuary Trustees, Report Disclosurg of information to auditor Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and lo estsblish that the charity's auditor is aware of that information. The trustees confirm that there is no ￿levant information that they know of and of which they know the auditor is unaware. The annual report Was approved by the Iruslees of the charity on ?! PÈcÈrnbÈr2D25 and signed on its behalf by.. Mr R A O'connor Trustee Page 13 The Ferne Animal Sanctuary Statement of Trustees, Responsibilities The trustees (who are also the directors of The Ferne Animal Sanctuary for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law the Iruslees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitsble company for that period. In preparing these financial stslements, the Iruslees are required to.. select suitable accounting policies and apply them consislenlly., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent-, stale whether applicable accounting standards, comprising FRS 102 have been followed, subject lo any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting rewrds that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Iruslees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable comp8nVs website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Page 14 The Ferne Animal Sanctuary Independent Auditor's Report to the Members of The Ferne Animal Sanctuary Opinion We have audited the financial statements of The Ferne Animal Sanctuary (the 'charitable company'l for the year ended 31 March 2025, which comprise the Slalement of Financial Activities, Balan Sheet, Statement of Cash Flows, and Notes to the Financial Stalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally A¢￿pIed Accounting Praclicel. In our opinion the financial statements.. give a true and fair view of the stale of the charitable companls affairs as at 31 March 2025 and of its income and expenditure for the year then ended., have been properly prepared in ac¢ordan¢e with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Page 15 The Ferne Animal Sanctuary Independent Auditor's Report to the Members of The Ferne Animal Sanctuary Other inforniation The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial slalements does not cover the other information and, except lo the exlenl olhetwise explicitly slated in our report, we do not express any fom) of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misslatemenl of the other information. If, based on the work we have performed, we conclude that there is a material misslatemenl of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on othgr matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial ststemenls- and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and retums., or certain disclosures of Iruslees remuneration specified by law are not made- or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities (set out on page 121, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraLJd or error. In preparing the financial stalemenls, the trustees are responsible for assessing the charitsble company's ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either intend lo liquidate the charitable company or lo cease operations, or have no realistic alternative bul to do so. Page 16 The Ferne Animal Sanctuary Independent Auditor's Report to the Members of The Ferne Animal Sanctuary Auditor responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misslalement when il exists. Misslalements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slatemenls. Irregularities, including fraud, are InStan￿S of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is detailed below.. As part of our audit planning we obtained an understanding of the legal and regulatory framework that is applicable to the charitable company. We gained an understanding of the industry in which the charitable company operates as part of this assessment lo identify the key laws and regulations affecting the charitable company. As part of this, we reviewed the company's website for indication of any regulations and certification in place and discussed these with the relevant individuals responsible for compliance. The key regulations we identified were DEFRA animal protection legislation and Food Standard Agency regulations, as well as health and safely regulations, tax legislation and breaches of The General Data Protection Regulation I"GDPR"l- We also Considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charities Act 2011. We discussed with management how the compliance with these laws and regulations is monitored and discussed policies and procedures in place. As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on the charitable company s ability lo continue operating and the risk of material misstatement lo the accounts. Based on this understanding we designed our audit procedures lo identrfy non-compliance wth such 18ws and regulations. Our procedures involved the following.- Enquiries of management regarding their knowledge of any non-compliance with laws and regulations that could affect the financial stalemenls. Reviewing the charitable companys GDPR policy and enquiries of management as to the Occurren￿ and outcome of any reportable breaches. Reviewing the Information Commissionerfs Office IICOI website for any enforcement actions or decision notices impacting the charitable company. Reviewing legal and professional costs to identify any possible non-compliance or legal costs in respect of non-compliance. As part of our enquiries, we discussed with management whether there had been any instances of known or alleged fraud, of which management confirmed there were none. We assessed the susceptibility of the financial slalemenls lo material misstatement through management override or fraud, including in relation lo income and expenditure, and obtained an understanding of the controls in place to mitigate the risk of fraud. We also evaluated management's in￿ntiveS and opportunities for fraudulent manipulation of the financial statements. Based upon our understanding we designed and conducted audit procedures including.. Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. Page 17 The Ferne Animal Sanctuary Independent Auditor's Report to the Members of The Ferne Animal Sanctuary Reviewing eslimales and judgements made in the accounts for any indication of bias and challenged assumptions Ljsed by management in making the estimates. Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularities, including those leading lo a material misstatement in the financial stalemenls. This risk increases the further removed non-compliance with laws and regulations is from the events and tr8nsactions reflected in the financial statements as we are less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement due to fraud is higher than the risk of not delecling one resulting from error, as fraud may involve deliberate concealment. collusion, omission or misrepresentslion. A further description of our responsibilities is available on the Financial Reporting Council's website al.. www.frc.org.uklauditorsresponsibilities. This description forms part of our audilorfs report. Use of our report This report is made solely lo the Charitable company's trustees, as a body, in acwrdance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state lo the charitable companls Iruslees those matters we are required lo stale to them in an auditor's report and for no other purpose. To the fullest exlenl permitted by law, we do not ac¢epl or assume responsibility lo anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed. Martin Hobbs Bsc ACA (Senior Slatulory Auditor) PKF Francis Clark, Stslulory Auditor Blackbrook Gale 1 Blackbrook Part( Avenue Taunton Somersel TA1 2PX Date.. 23 December 2025 Page 18 J <0 (N O Ln o J ry Ln co cfj U) O Ln o O) Ln tt)OOe4 ovo (• 00 ¢o*o (g The Ferne Animal Sanctuary (Registration number: 09772680) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Intangible assets Tangible assets Investments 13 14 5,428 3,730,895 303,224 8,340 3,810,298 392,497 4,039,547 4,211,135 Current assets Stock Debtors Cash at bank and in hand 25,040 145,387 373,093 34,509 200,828 46,489 17 18 543,520 281,826 Creditors: Amounts falling due within one year 19 215,770 228,209 Net current assets 327,750 53,617 Total assets less current Ilabllltles 4,367,297 4,264,752 Creditors- Amounts falling due after more than one year 20 Net assets 120,8331 4,346,464 170,8331 4,193,919 Funds ofthe charity: Restricted income funds Restricted funds 1,305,284 1,291,631 Unrestricted income funds Unrestricted funds 3,041,180 2,902,288 Total funds 23 4,346,464 4,193,919 The financial slalements on pages 19 10 40 were approved by the Iruslees, and aulhorised for issue on 21 De￿￿￿￿20?5 and signed on their behalf by.. Mr R A O'connor Trustee The notes on pages 22 to 40 fomi an integral part of these financial statements. Page 20 The Ferne Animal Sanctuary Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Cash flows from operating activities Net incomellexpenditurel 152,545 1716,0641 Adjustments to cash flows from nOn￿a$h items Depreciation Amortisalion Profil on disposal of fixed assets held for the charity's own use Investment managers fees paid from investment portfolio Investment return retained by investment managers 148,687 2,912 11,4581 2,729 119,3741 286,041 139,389 1,317 11001 4,922 151,7691 1622,3051 Worklng capltal adlustments Decreasellincreasel in stocks Decrease in debtors (Decreasellincrease in creditors 9,469 55,441 112,4391 11.7201 197,582 14,574 Net cash flows from operating activities 338,512 1411,8691 Cash flows from investing activities Interest receivable and similar income Purchase of intsngible fixed assets Purchase of tangible fixed assets Sale of tangible fixed assets Cash withdrawn from investment portfolio 5,918 16,500 18,8251 1123,1921 100 370,000 169,2841 1,458 100,000 Net cash flows from investing activities 38,092 254,583 Cash flows from financing activities Repayment of loans and borrowings Net increaselldecreasel in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 50,000 50,000 326,604 1207,2861 253,775 46,489 373,093 46,489 All of the cash flows are derived from continuing operations during the above two periods. The notes on pages 22 to 40 fomi an integral part of these financial statements. Page 21 The Ferne Animal Sanctuary Notes to the Financial Statements for the Year Ended 31 March 2025 1 Company status The Ferne Animal Sanctuary is a registered charity and a company limited by guarantee without share capital incorporated in England & Wales. The guarantors are the members of the charity lo the extent of £1 each. The address of ils registered office and principal place of business is.. Wambrook Chard Somersel TA20 3DH 2 Accounting policies Summary of slgnlflcant accountlng pollcles and key accountlng estlmates The principal accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consistently applied to all the years presented, unless otherwise slated. Statement of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities-. Ststemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019) - (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Ferne Animal Sanctuary 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 slated in the relevant accounting policy notes. Basis of preparation These accounts have been prepared using the historical cost convention, except that, as disclosed in the notes, certain items are shown at fair value. The Charity is exempl, by virtue of s402 of the Companies Act 2006, from the requirement to prepare group financial slalemenls as the exclusion of ils subsidiary undertaking is not material for the purposes of giving a true and fair view. These financial statements present information about the charity as an individual undertaking and not about its group. The financial statements are prepared in pounds sterling, which is the functional currency of the charity. Page 22 The Ferne Animal Sanctuary Notes to the Financial Statements for the Year Ended 31 March 2025 Going Concern The financial statements have been prepared on a going concem basis. In making their going concem assessment, and as described in the Trustees, Report, the trustees have given consideration to the charitable companls financial position and resour￿$. Having made all necessary enquiries, and having taken all steps that they ought lo have taken, the trustees are satisfied that the charitable company will continue to meet ils liabilities as they fall due, and are satisfied that the charitable company will continue lo operate with sufficient cash headroom for a period of at least 12 months (from the dale of approval of these financial slatemenlsl. Key judgements and sources of estimation uncertainty In the application of the charity's accounting policies, the Iruslees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 lo 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 following are the critical judgements and estimates that the trustees have made in the process of applying the charity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. The key judgement that has a significant impact on the financial statements is in respect of going concern, as described above. Key m8nagemenl personnel are considered lo be the trustees and senior management team. Page 23 The Ferne Animal Sanctuary Notes to the Financial Statements for the Year Ended 31 March 2025 Income and endowmgnts All incoming resources are recognised when their entitlement, certainty and measurability have been established. The charity relies on the goodwill and dedication of volunteers for much of ils work, covering both ils fundraising and animal care activities. In accordance with the Charities SORP IFRS 1021, the valuation of serVI￿S provided by volunteers has not been included in the statement of financial aclivilies. Goods donated for resale are included as 'income from other trading aclivilies. upon sale of the goods. Income of £631,218 {2024 £500,613) has been recognised in respect of goods donated for resale during the period. Goods donated for use by the Charity are recognised in 'donalions and legacies. at their fair value at the lime of receipt. Income of £4,466 12024 £5,538> has been recognised in respect of goods donated for use during the period. Legacies. including those subject to a life interest held by another party, are included in the accounts when the cash is received or when the charity is notified by solicitors of their entitlement to a legacy and the monetary value can be measured with sufficient reliability. Income generated from admission fees, charity shop sales and restsurant Sales is recognised on a receivable basis. Donations are recognised on a receivable basis. The tax reclaimable by the charity on investment and income donated under Gift Aid has been recognised al the same time as the income from which the lax refund was derived. Expenditure Expenses are recognised when they fall due. All expenditure is accounted for on an accru81s basis. Expenditure is classified under the following headings.. Costs of raising funds comprise the costs of trading including the charity shops, gift shops, and restaurant, fundraising and marketing costs and investment management fees. Expenditure on charitable activities represents the cost of animal care and its associated support costs. Government grants Grants are recognised when the charity has an enlillemenl lo the funds and any conditions linked lo the grants have been mel. When perfomance conditions are attached lo the grant and are yel to be mel, the income is recognised as a liability and included on the balance sheet as deferred income lo be released. Page 24 The Ferne Animal Sanctuary Notes to the Financial Statements for the Year Ended 31 March 2025 Taxation The charity is exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. Intangible assgts Intangible fixed 8ssels are initially recorded at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Amortisation Amortisalion is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows.. Asset class SofbNare and website costs Amortlsatlon method and rate On a straight line basis over 3 years Tangible fixed assets Tangible fixed assets are initially recorded al cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible fixed assets includes directly allributsble incremental costs incurred in their acquisition and instsllalion. Depreciation and amortisation Depreciation is provided on tangible fixed assets, except land and assets under construction, so as lo write off the cost or valuation, less any eslimaled residual value, over their expected useful economic life as follows.. Asset class Freehold property Furniture and equipment Motor vehicles Computer equipment Solar panels Depreciation method and rate On a slraighl line basis over 50 years On a straight line basis over 5 years On a slraighl line basis over 5 years On a slraighl line basis over 3 years On a straight line basis over 15 years Fixed asset investments Fixed asset investments are included at market value at the balan￿ sheet date. Realised gains and losses on investments are calculated 8$ the difference between sales proceeds and their market value at the start of the period, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the period and are credited or charged to the Statement of Financial Activities based on the market value at the period end. Investments in subsidiaries are measured at cost, less any subsequent provisions for impairment. Page 25 The Ferne Animal Sanctuary Notes to the Financial Statements for the Year Ended 31 March 2025 Stock Stock is valued at the lower of cost and net realisable value, being selling costs less costs to sell. Animals rescued are considered to have no value since they are not bought or sold but rehomed for a nominal donation to cover costs. Second hand goods donated for use by the charity are not valued as stocks since their valuation cannot be reasonably determined. The income from the sale of second hand donated goods is recognised when the goods are sold. Fund structure Unreslricled income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Restricted income funds are those given for a specific purpose as laid down by the donor. Donors are normally either charitable organisations or private individuals. Expenditure that meets the criterion of the donor is charged to the restricted fund- often the expenses are for the purpose of improving the propety or purchasing equipment. Defined contribution pension obligations The charity operates a defined wntribulion pension scheme for eligible staff. Contributions are recognised in the Statement of Financial Activities in accordance with the rules of the scheme. Pension contributions are allocated in full against unreslricled funds. Financial instruments ClassifiTcation The charity holds the following financial instruments.. Investments in publicly traded shares., Short lemi trade and other debtors and creditors., Bank loans., and Cash and bank balances. Al financial instruments are classified as basic. Page 26 The Ferne Animal Sanctuary Notes to the Financial Statements for the Year Ended 31 March 2025 Recognition and measurement Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights lo cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred lo another paty, or in the case of liabilities, when the Charitys obligations are discharged, expire or are cancelled. Investments are included at market value at the balance sheet dale, as discussed in the fixed asset investments policy above. Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried al amortised cost using the effective interest method. Other financial instruments are initially measured at transaction price, including transaction costs, and are subsequently carried al the undiscounted amount of the cash or other consideration expected lo be paid or received, after taking account of impaimient adjustments. 3 Income from donations and legacies Unrestricted funds General Restricted funds Total funds Donations and legacies., Gift aid donations and covenants Cash donations Legacies Grants, including capital grants., Business Support grants Other grants received Other grants and donations - restricted 265,295 117,351 860,408 11,654 276,949 117,351 860,408 2,567 22,294 2,567 22,294 30,300 30,300 Total for 2025 1,267,915 41,954 1,309,869 Total for 2024 681,982 50,241 732,223 Page 27 The Ferne Animal Sanctuary Notes to the Financial Statements for the Year Ended 31 March 2025 4 Income from charitable activities Unrestrlcted funds General Total funds Animal homing income Live-in staff services contributions 36,820 6,720 36,820 6,720 Total for 2025 43,540 43,540 Total for 2024 55,035 55,035 5 Income from other trading activities Unrestricted funds General Total funds Trading income., Charity shop sales Restaurant sales Fundraising income Pet insurance income Admission fees Solar energy feed in tariff Rental income 709,906 6,644 7,187 12,787 59,735 7,908 5,193 709,906 6,644 7,187 12,787 59,735 7,908 5,193 Total for 2025 809,360 809,360 Total for 2024 721,576 721,576 6 Investment Income Unrgstrictgd funds General Total funds Dividends receivable from listed investments Bank and investment interest re￿1vable 4,526 696 4,526 696 Total for 2025 5,222 5,222 Total for 2024 16,044 16,044 Page 28 The Ferne Animal Sanctuary Notes to the Financial Statements for the Year Ended 31 March 2025 7 Expenditure on raising funds a) Costs of generating donations and legacies Unrestrictsd funds General Total fund$ Fundraising and marketing 267,737 267,737 Total for 2025 267,737 267,737 Total for 2024 335,012 335,012 b) Costs of tradlng actlvltles Unrestricted funds General Total funds Charity shop expenses Restaurant costs 709,923 16,561 709,923 16,561 Total for 2025 726,484 726,484 Total for 2024 748,422 748,422 e) Investment management Costs Unrestricted funds General Total funds Fees payable to investment managers 2,729 2,729 Total for 2025 2,729 2,729 Total for 2024 5,595 5,595 Page 29 The Ferne Animal Sanctuary Notes to the Financial Statements for the Year Ended 31 March 2025 8 Expenditure on charitable activities Unrestrlcted funds General Restricted funds Total funds Staff costs Depreciation, amorti'salion and other similar costs Other costs 494,403 121,840 382,883 494,403 150,141 382,883 28,301 Total for 2025 999,126 28,301 1,027,427 Total for 2024 1,144,549 27,719 1,172,268 Actlvlty undertaken directly Actlvlty support costs Total 2025 Total 2024 Animal Care 593,026 434,401 1,027,427 1,172,268 Expenditure on charitable activities in the prior year comprises £704,266 of activities undertaken directly and £468,002 of support costs. 9 Analysis of support costs Support costs allo¢atod to charitsblg a¢tivitlgS Premises costs Govemance Information Administration including costs technology costs depreciation Total 2025 Total 2024 Animal Care 16,500 61,106 105,135 251,660 434,401 468,002 Page 30 The Ferne Animal Sanctuary Notes to the Financial Statements for the Year Ended 31 March 2025 10 Net incomelexpenditure Net incomel{expenditurel for the year includes.. 2025 2024 Amount expensed in respect of operating leases Auditors remuneration - audit fees Auditors remuneration - tax advisory services Auditors remuneration - other services Profil on disposal of fixed assets held for the charitvs own use Depreciation of fixed assets Amortisalion of software 100,981 12,250 750 3,500 11,4581 148,687 2,912 77,478 11,215 745 3,240 11001 139,389 1,317 11 Trustees remuneration and expenses During the period the charity made the following transactions with Iruslees.. £13312024 £Nill of expenses were reimbursed to or incurred on behalf of three trustees during the period. No trustees received remuneration from the charity (2024 - None). 12 Stsff Costs The aggregate payroll costs were as follows.. 2025 2024 Staff Costs during the year were- Wages and salaries Social security costs Pension costs 1,053,984 80,587 18,550 1,188,651 79,164 18,195 1,153,121 1,286,010 Page 31 The Ferne Animal Sanctuary Notes to the Financial Statements for the Year Ended 31 March 2025 The monthly average number of persons {including senior management team) employed by the charity during the year was as follows= 2025 No 18 2024 No 25 Animal care and estates Fundraising and marketing Ferne shop & Visitor Centre Restaurant Charity shops Human Resources and Administration 20 21 56 73 During the year, the charity made redundancy payments which lotalled £19,70612024 - £Nill. One employee re￿iVed emoluments of between £70,000 and £80,000 during the year12024'. 01. No other employees received emoluments over £60,000 12024.. one employee received emoluments of between £60,000 and £70,000)- The total employee benefits of the key management personnel of the charity were £212,615 {2024 £230,043). 13 Intangible fixed assets Software and website costs Total Cost Al 1 April 2024 21,801 21,801 Al 31 March 2025 21.801 21,801 Amortisation At 1 April 2024 Charge for the year 13,461 2,912 13,461 2,912 Al 31 March 2025 16,373 16,373 Ngt book value Al 31 March 2025 5,428 5,428 Al 31 March 2024 8,340 8,340 Page 32 I f * ¢0 (o Jo* ¢0 o o* o ￿(0 ti) 7575 U<