ABBERTON RURAL TRAINING
ANNUAL REPORT AND UNAUDITED FINANCIAL sfATEMENTS
FOR THE PERIODTO 31 MARCH 2024
a*rfty R•#htr*kn No. 1169247

ABBERTON RURAL TRAINING
LEGAL AND ADMINISTRATIVE INFORMATION
Trust••g
Anne Brown (Chalrl
Poul Mlfisley Ireslgned January 20241
Trlstan 8ourne Ires[¥r￿ No¥ember 20231
Anthony Stamp
TIM Ffances
Rebeccè Chllver Iresllned November 20231
Lewl$ 8arber lappolnted Ortober 20221
(￿rIty n￿fflb•r 1169247
R•ilrt•r•d oftk•
Abberton Rural Tr•lnlni
Th• Old St Andrews Prlm•ry School
Church Road
Wormlnglord
C063
Ind•p•nd•nt •x•mln•r
C•lln• Hotonnl•r FMA4T
London
NWIO 3TJ
P•ge | I

ABBERTON RURAL TRAINING
CONTENTS
Lee•l and Admlnlstratlve Inform•tlon
Contènts
Tru$¢ees' feport
Stoternent of Trustees, respon$lbllltles
Independent examlnw's report
Statement of Ilnonclal actlvltles
io
B•l•nce sh•et
li
Note5 to the fl￿n￿•1 s¢4tem¢nts
14-18
Page | 2

ABBERTON RURAL TRAINING
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present thelr report and ff￿nCIlI ststements for the year ended 31 March 2024.
The fln•nclal st•tements have been prepared In accor(lance wlth the ac¢ountln8 pollcles set out In note I to the
flnantlal statement5 and cornply wlth the charlty's Constltutlon. the Charltles Act 2011 and "Accountln8 and
Reportln¢ by Ch•rlt5es: Statemeni of Re￿rnMended Pr•rtl¢e 8pplk•ble to tharltles preparlnR thelr •ccount$ In
ccordance wlth the f In3nclal Aeportlng Standard oppllcable In the UK and Republlc of Ireland IFRS 1021. (Is
amended for accountln8 perlods commenclng from l January 20161.
ObJ•¢tl¥•J •nd •¢ll¥lll•J
The oblects of the Chorlty are..
The advancement of educ•tlon. tr•lnln8 or retr•lnln& Ind
The rellef of those In need In partlcular, bul not excluslvdy •rnon8 unemployed pèople in E53ex
provldln8 them wlth work •xptrlenct, volunteeiln8 opportuftitl•s. meniorlnq •nd rufol emplpyablllty
•nd cr•ft skllls ￿￿r$t$, Ind by sUppor￿n$the1r r*lnre8r•tlon back Into the rur•l communlty or by such
other rneonsas mayfrtsm tlme totlme be detemlned gjbltci tothe prlof wrliten consent ofthe Charltv
Commlsslon for En¥l•nd and Wale5.
ART Is •nd wlll rtm•ln a not-lor*rofft oryanlsrtlon focused on help1￿ to develop th¢ skllls needed for lobi In
the locol economy ol Essex Jnd surroundlnl •r•as. W• are'A Pl•ce to Gro￿.
Our vlslon Is: Abberton Rurnl TTJlnln8 wlll dell¥*ra par￿CIpInt Itd pro8ramm•olquallty rur•l ￿111$ trjlnlngwlth
plrtlcular focus on Ind￿Idual support to ¢ho5e facln8 30clal and èrnotlonal barrlers or dlsadvanta8e, Improvlni
¢onfldènct and hollstic wdlbelng. En•blln8 proiresslon to tralnln& fvrther educatlon, employmentlself-
tmployrnent or voluntterlng whllst protertinq and enh•ndn8 the envlronrnènt.
To d•llver thlsvlslon ART msjst be ￿$t1[A•bI• In th• lon¢i•mi so1￿1 tt can contlnueto d•lfv•r tr•lnln8s•rvlc•s.
In doln4 thls ART wlll adopt the lollowln¢ •lrns. ART wlll:
Focus on edutatlon and throuKh thli also delhTer benefits In terms ol Improved *mploy•bllliV Ind
wellbeln8
Focu5 on meetin8 skills needs In the ¢omrnuntty
Provlde • route b•¢k Into tr•lnlng and ureers for those who are ttmporarlly excluded from th* jobs
market
Support those who are 51fu8Oln8 to enter th•lobs rn•rk•t for the flrst tlrne
Support people who need new skllls •nd strate8les to adapt to thanges In th•lobs m•rket
Support those w￿h ment•1 heallh or physkal health Issues or othèr bathers
In pursuln8 thls ￿510n. the Charlty Is committed io m4kln8 a re41 dlfference to the Ilve5 of ptople In E$sex and
surroundln8 areas by focussln8 on helplng those who are ouislde the workforce, eduutSon and tra5nin8 to r
¢n8•8e wlth tralnln8. The alm Is to equlp tr•lne•s ¥￿th the Eonfidenre. skllls thnd quallfScatlon$ to enable thern
to pro8ress Into ernploymtnt. $elf-employmtTrt or further education and tralnin8. In dolng this. the Chèrlty wlll
help eMplo￿r$ to secure the motivated. skilltd Ind qualified staff they need to grow thelr or8anisallon5. and in
turn to 5tren6then the lo¢al economy.
P38e13

A88ERTON RURAL TRAINING
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
In addltlon to the benefits the Charfty brtngs to It¥ p•rtlclpafits. the local communlty 4nd s￿[ety throu8h the
educatlon It offers, the ChJrltV5 help and ossistanc• to those In need Includln8 m*ntorlth& advocicy and
employab511ty. cr*•te a se<lèl asset and $0 reduces the loni-temi costs to the Excheqver.
The Trustees are ￿spOnsIble lor settln¢• $trateoy for •thlevln8tht oblectlves they have set. The focus Is on the
development ol parttcip4nts ind théir educ•tlonal and sod81 proyess and to wlden further the access to the
educatlon the Charfty prov5des.
F¢xus wlll be malntalned on $L¥ Ilnked enablln8 area5 ltsr8anlsatlgn•l strurture, prern15es. staffin& ICT. Mar￿tIn8
and flnanclal pérformancél to •chleve and rnalntaln a sustalnable buslness whlch del￿er5 ARTS strJte81¢
obltctlves. Thls wlll Indude..
11 SeNlce:
Course portfollo - develop and rnalntaln a porrfollo of courses whlch stays Current wlth both
tr•lnee and employer dèmands. whllst b•lni fundoble and all8fied wlth AAT'S str•teilc focus on
those who are dlsadvant•ied, outslde thelobs m•rket or It olex¢luslon from th• trilnlng and
lob5 market In tht loc•1 oconomv.
21 En•blln¢-
Or8anls•tlon•l stru¢tur*-ART wlll ¢ontlnue ts oper•te •$ • ¢h•rfji8ble orynls•tlon ICIOI
siaffln8- contlnue to ensure 8pproprl•t¢ ¢o¥ér for roles wlth a senlor man•qernent te•m enjbllnq
locus on hlgh quallly tr•lnlfi8 dtllvery supported by • te•m of ￿re and ctsntraet tutors wlth
•pproprlatè relltionshlp rn•n48ement, communlcatlon •nd bus5ness development Jnd robust
flrs•ndJl control asslsted where approprlate byextemjl profe$51onals
Prernlses - Adrnlnlstr•tlv• HQ Currently 41 Chathèrn Green wlll rnove to • new slte 4t Me•dow
Vlew, Chelmsford Irorn ill May 2023. wh5ch will bt ablt to pro¥lde Jddltlonil p•rt5tlpant
pro8rammes and g•rden, at • reduced cost to the thjrlty cornpbred wlth the current prernlsts.
Wormlngford continue5 01 our moln operational 51te whh satelllte partner sltes provldlnq
•ddlllon•l cover•ge •cross the ¢ounty •nd further afleld •$ •pproprl•te. The Board and sènsor
m•n•8ement wlll continue io re8ularly revlew the strntegy for rnair* premlse5 for ART
MJrketlng- contlnue lo develop and Implement i m•rkètlng $tr•te8y whlth focuses on keepln¥
ARfs proflle as a leid provlder and resource wlth p)tentlal trllntes. dellvery partners and fundln¢
bodies vla enii8emeftt and promotion of ARf5 provlsion
Compll•nce- énsure that ART rernalTrs fvlly compllont wlth all approprlote leqlsl?tloTh.
In t•klni the Ch•rlty forward. thtCh•rlty WNI..
Revièw thè Charws courses. progress and achlevernènts
Ensure the range of Courses avallable to Its partldpants is meètlngthelr needs
Invest In e5tablishln8 the nece5$0ry lTrfvastrutture of the Cha￿ty
Cwperat• and work wlth publk bodles, other charltlès. eommunlty organlsotlons and partntrs.. and
ontlnue to revlew and develop Its mèthods tts ensure wlder access to partlclpants ftom all
back8rounds.
Abberton Rural Tralnlng (ARTI 15 4 CIO ¢h•rlt•ble trtsst. whlch seeks to benefft the publ1¢ Ihrou8h the pursult of
Its stated alm%. Its eourses are free to p•rtlclp•nts In order to ensure aCcess￿lI1ty for all. •nd partluklarfy those
frtsm dlflicult backgrounds or In difficult ciicumstances lTrcludln8 homele55nes5.
Page14

A88ERTON RURAL TRAINING
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Charlty welcomes pard¢lpant5 frorn bathgrounds. The Charfty has contlnued to seek to be all Ineluslve,
partltularly tg thosè in lsolauon See￿￿0 to be tr•lned. We tontlnue to engjre our courses are Jccesslble to 411.
An indl¥ldu•l'$ economlc Sta￿$. health. #ender, ethnl¢lty. rxe, rellBlon or disjblltty does n¢t form part of the
Charlty's Jcceptance processes.
Thè Charlty Is In equal opportunltles orpnlutlon and Is commltted to a worklne envlronment that Is free from
•nyform of dlscrlmSnatlon on the grounds of colour. r•ce. elhnidty, rellglon, Sex, sexual orlentation Dr dlsablllty.
The Ch•rlty makes re•sonable idlustrnents to rneet the needs of staff or partldpants who •r• or b•eome
dI￿bled.
The Chorltyls comnltted to s)fe8uardln4 Ind promotln8 the welf•rt of It5partlclpanis •nd expects •ll sllff •Thd
voluntews to share th15 cornmltmtnt.
A¢hl•¥•m•nts •nd p•rfomwne•
The Charlty has tontlnuéd to evolve and deVe￿P courses, subject to fvndlng avallablllty and dtmand. Currént
¢ourst5 for th15 year Include Hortlculture. L•nd 8osed Studles. Courbtryslde & envlrtsnmtnt, Wotsdlinds,
Construetlon, C•rpentry, R¢Jral Crafts •nd Text51es. Wt hive groups to ficllltate •C¢e￿IbIlttY for NEETS, SEN,
Wounded and Injured Ser¥5ce Personnel (Rustlc Rtctsver Pro8rammè- RRPI, Domestlc Abuse ¥lctlm$, Moderate
L••rnlni Dlfflcultles and multlple dls•dvant•8e iroups. 810 partldpant l*•rnlng spaces were tlken In these ART
¢ourses durlni the p•rlod Aprfl 23 to M•f¢h 24 wtlh • tot•1 0126,79) Gulded Lèirnlni hours provld•d.
The Ch•rltf5 work contlnue5 Work at lo¢atkns throuthout Essex, Includlni our maln ￿ld offSce It Mudow
Vlew, toyther wlth Wormlngford.. Stow Maries Gr••t W•f Aerodfome,. Wackwater Lelsurt Centrt. Mbldon,.
Kennedy Way. Clacton,. Cre5s1n& H•dlel8h,. Avon Rold, Chelrnsford.. Hadlel8h Country Park,. All 5alnts, Harwlch,.
Abtseyfields Medlcal Centrè. Ind Colch•sler,' ARP IRu5tlc Rffovery Programmtl.
Fln•n¢l•l r•¥l•w
The Trustee$ fequlre • rnlnlrnum of 3 months core costswlthln Reserve5 to be 5ufflclent to enjble the thirlty to
meet 5ts neKt 3 months, dlrect expendlture.
A$ It 31 March 2024 th1% •qu•ted lo • rnlnlrnum requlr*ment of £89.557 In Unrestrlcied R*seNes.
Th• actu•l unrtstrlcted Reserves x at 31° fvlarch 2024 amounted to £24.367.
The Trustees have assessed the major risks to whl¢h the th•rlty Is exposed. and are sètlsfied that systerns Ire In
plac• to mlti8ate exposure to the rnalor rl$k$. The Bo•rd of ffustees revlew the charlty's R5sk Aeil$ter at e•ch
of Its bl-rnonthly meetin8s. The rnaln strète8lc rlsks facin8the tharity 8oin8 forw•rd are..
I, Loss of key stoff
SKurlty of assets
L•ck of ongoSn8 fundin8
Loss Ot reputatlon
Internal flnanclal rfsks are mlTrlmlsed thrtyJ8h the Implementatlon of robull flnandal control pr¢¢•dures
Includln8 reguSar reportsto the Board of Trustees.
Pa8e15

ABBERTON RURAL TRAINING
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Charhy continues to dtvelopfvrther partnershlps and fvndinq opportunltlesto Inue4se fvrther the number
f partldpants able to partlclpate Sn fts progrommes. Ilalsing with other orgjnlsatlons lor ref*rr•ls and
partnérships. ARTrèco8nises thè lrnportanceof worklniwlthothers ￿dWn1WOrk toensure It has and milntaSn5
clear partnershlps ITh place wlth:
Strète8lc e%lucatSonal p•rtnerl51 un help It to Kce55 fvndln8 QPPOrtunltl*s andlor valldate ARf$
course provlslon
Counc115, DWP. DfE. Essex Cornmunlty Foundatlon IECFI, Artlve Essex, buslnesses •nd other strateg1¢
partners who hivt fvndln8to support ti•lnln8
Colleges and èmploy•r$ who c•n offer pro8resslon opportwiltl•s for those trilntd by ART
LocJl l•ndlords Includln8 E•stll8hi Communlty Homes. C8 Hornes, CSH. Pho•nlx Hornes, Peabody e
Golng forward we wlll contlnuè to Ilalse wlth local and n•ilonal8overnment b)dles Includln8the Department of
Work and Penslons. the Pollce. the Hl8h Sheflff Of Essex and Essex County Coundl Ernployablllty and Skllls tearn
and other charlty orqan5s•tltsns. such •$ Essex Communlty Fund, to ensure that the Clar5ty5 programme and
courses rernaSn relevjnt and up to date wlth loc•1 r•qulremènts. p•rtlcul•r skllh short48e relevint lo local
ployrnent oppgrtunltles,
The Chirlty contlnues to develop J neh¥ork of outreach lacllltles to provlde relevant wurses wlthln •cceptabl•
dlstances to meét thè demands and needs ot the communlty all8ned wtth the Charlt¢s $tr•teqlcfotu$ for those
ho aré out51de thelob$ m•rket or It r5sk of excluslon frorn tralnln8and Ihelobs morket In the local communltv.
Th• Ch•rlty antlclpotes Ihat Ils fvtur• wlll contlnu• to b• fln•n¢•d prlrnarlty from fundlni Incom•
Iyn•r•lly. on an annual ry¢lel •nd therefore the 8￿rd ofTru5tees ctsntinueto m•ifit•ln In •pproprlate between
delfvery lor ihe beneflt gf curreni partldp•nts •nd •nsurln8 a sound lftfr•structur• and fin•ntl•l b•Je •re
preseryed for fvtUTe partSclponts.
Struclw•i ￿¥•rn•lK• rn•n•pm•nt
The Char4ty operate5 und•r • constitutlon of • Ch•rit•ble Incorporited Or8•nlsatlon IAs$o¢latlon Model), wlth
the date of thecon5tltutlon Ilast •mendedl of 8th September 2016 and wis se•led by the Chirlty Commlssloners
fDr En4land and W•les on 19th September 2016 whlth Induded the re4ulations for oppolntn*nt of trustees.
The Trustèès who sorved durln8 Ihe yur and up to th• date of SI￿41￿re of the flTrand•l statements were:
Ann• Brown ICh•lrl
Paul Hlnslty Ir*sl8ned J•nuJry 20241
Tr5stan Bourne Iresl8ned November 20231
Anthony Stamp
Tlrn Frances
Rebecci Chllver Ireslgn*d N¢)vember 20231
Ltwls B•rts•r lappointed October 20221
The 8oird of Trustt*s are responslble for the o¥erall mana8erntnt and control of the Charfty and meet at least
slx tlmes a year.
Pa8e16

ABBERTON RURAL TRAINING
TrusrEES' REPORT {CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
The Ch•rlt(s Chlef Executlve Offlcer Is responslble for ￿-ordIna￿TrI the work of the 8oard of Trustees and ony
s¥b-comrnlttèesa$ may be requlred, prep•raYon of papersand m•nagement accounlsandlhe revlew of rnatters
•rlilni.
The Trustees deterrnlne the 8enefil pollty of th• Charlty. The day to day runnln8 of the Charfty Is deleiated to
the Chief Exe¢utEve Officer.
All truste¢5 Wve thelr Urne freèly. The trustees iecefve no r•muntrntlon. No trustee expenses were p•ld In thls
veir.
Th• Tru$tees' report w•s approved by the aoard ofTrustees.
Trust•e
Djted:
Page | 7

ABBERTON RURAL TRAINING
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
TheTrustees Ire fesponslble for pr*parfne the Trustees, Reportand the ffnanctal 5tstements In accordante wlth
•ppllcèble law and Un51ed Kinadom Ac¢ountln8 Sland•rds Iunlted Klnldom Ger*erJlly Accepted A¢￿untIn0
Pr•ctlc•l.
The l•w appllcable to ch4rltlts Sn eniland and Wales rtquires the Trustees to prepare fininclal statements for
ejch flnancljl year which 8Sve a true Ind falr vlew of the state of •ff•lrs of the d)•rfty and of the Incomln8
resources and appllcation of resources of the charlty for that year.
In pr•pirlni thtsé finintlll st•tements, the Trusteu •re rniulred to..
Select 5Ultable accountlni pollcles and then apply them conslst•ntly
Observe the method5 and prln¢lples In the Ch•rltle5 SORP
Makeludiements and estlrnote5 that are reasonable ènd prudent
Slate whether appllcable accountln8 stsndards h•ve been followed. subject to any rnaterlal dep•rtures
dlsclosed Jnd explalned sn the fln•ntlal st•ttment$. and
Prepare the fln•nclal statements on the conrArn basls unle5$ ￿ Is Inappfoprl•te to presumt th•t
the tharltywlll conllnue In operntlon.
The Trustees •r• responslble lor k¢¢plng sufflclent accountlng records that d15close wlth r•isonable •¢cur•cy It
ny tlrne the flnanclal po￿tIon ol th* charlty aftd enable thern to tnsure that the flnancl41 statements cornply
wlth the Charltl•s Act 2011. the Charfty (Accounts and Reports) Re4ulatlon$ 2QJ8 and the prov5slons of thé trust
deed. They are also responslble for sifeguirdlng the •Mets tsl the tharlty •nd hence for t•klry fe•son•ble steps
for the preventlon and delectlon olfraud and other Irrelularftles.
Pa8el8

INDEPENDENT EXAMINEWS REPORT
TO THE TRUSTEES OF ABBERTON RURAL TRAINING
FOR THE YEAR ENDED 31 MARCH 2024
I report to the Trustees on my ex•miMtlon olthe fmncL•l statsrnents of Abberton Rural Tralnin8 (the tharltyl
for the year ended 31 Ma￿h 1024.
Responglbultles •nd basls olreptyt
As th•Trustee5 of th• charlty. you are responsiblefor the pr¢paratlon *)f th•fln*d•l stat•m•nts In a¢corddnce
with the requirement5 of Chailtles A¢1 2011 Ithe ZOII Act).
I report resp•ct of my •xamln#ti¢)n of th* d￿ri￿5 fin•Ni•l st•twnents uryled under sertlon 145 of th•
2011 Act. In carrylw oyi my exarnlnatityi I have foll¢ywed all the appllcable Dlrectlons g￿en by the Charlty
Commlssfjon under se¢iion 145lSllbl of thè 2011 A¢t.
Ind•p•nd•nt•x*mlhrfs
Your •ttentlon Is drown t¢ tht lart thit the th•rity his prepared flrffjnci•l statements In •ccord•n¢e wSth
Accountlng and Reportlng by char￿"e5 prep•rkng their %counts in accordance wlth the Flnanclal Reportln8
Standard applicable In the UK and Aepublic ol Ireland IFRS 1021 in prefer•Ke to the ￿￿untIng and Reportin¢
by Ch•rlt]es'. 5t•temeni of Recommended Pr•rtl¢e I￿￿ed ON l Aprll 2005 IJ rèferred to In the extjnt
r*gulatJofis but has now been wtthdrawn.
l under5tsnd that th￿ has been done In order for ftnand41 ststetrnnts to piovlde a true and falr vlew In
accordance wlth Generalty Accepted kcountln8 Prartlce eflertlve for reportlnR perloés beglnnln8 on or after I
January 2015.
I have completed my examln¥tlon. I confirm that no m•tters hwe come to my attentlon In cor*nectlon with tht
•x•min•tion me uuse to btll*e thit in materi•l r¢spe¢t:
attourttlng records were not ke¢* In resprt of the tharoty as requlred by 5edlon 130 of thè 2011 Act,.
2. the ffiThanclal statements do not accord wth those record5; or
3. the flnan¢lal siatements do not comp￿1 With the appliCa￿e Tequlrernents ttsN¢ernlAR the form and
content ol accounts set In the Ch•rR*5 lA¢￿Unts and Repo￿) Requl*lon5 2Crf)8 other than any
requlremeTht that the attOUnU &￿e a tru• ¥nd f•* v6ew which 15 not a matter consldered as pirt Of afi
Independent eMamin•tknn.
I have no concEms and have tome across no other matters in connettlon wSth the examination to which
attentlon should bo drawn In thls report In ordw to enable a proper understandsw of the financlal statements
to be feached.
er FMMAT
Donnln8ton Road
LorKlon NWIO 3TJ
Dated.. 147P¢ tyfoptK XO3
Pag* 19

ABBERTON RURAL ThAINING
STATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
iknfvthkt•d Y￿r Unr•*i¢i•d R•rtvl¢t•d Y•41 •nd•d
Fundi
JI M*r 2024
Fund*
Fundi JI M*r 102J
Oonatlons and LegK6es
IL347
ILJ47
18,982
18.982
Ch•rltableAct￿r(1es
239.843
334,410
574.253
322,743
556,137
878.880
2,745
2.785
7CO
Total Income
js4￿0
J4U25
S￿157
194,562
Exp•ndlttw• on..
Fundr•lsln¢Act￿￿1ÉS
JA716
3.016
Ch•rIt4￿e Att￿r<I
114,579
462.533
677.112
328A04
446.927
775.331
214,$7•
465J49
6•0,1
J21,404
441,•17
775JJl
N•t MvMm•nlth
39,396
113L1391
19L7431
14,021
109210
123,231
Tr•nsf•r 8•rw•
Futh
16
121,9291
21,929
Fun¢8al•nces at
l Aprll 2023
96.IS?
lQ3,210
205,667
82,436
82.436
Fund •t
JI Maf¢h ZQZ4
liJJ24
liJJ24
A57
109.110
205I67
Tht$t•tetDeTrt (tf flnanclal act￿$16e> IK1￿*$ •118alrfj •nd r*co8n15ed In the per￿d.
I Incomegnd exFendftuTe der￿e￿oM conlin￿nI4tt￿lI￿es.
Page | 10

ABBERTON RURAL TRAINING
8ALANCE 5HEEr
AS AT 31 MARCH 2024
Notw It B•l•n¢￿ •t
JI M•r 2024 31 Mar 2024
B•l•nrns •1 B•l•n¢w •t
JI M•r 2023 31 M•r 2021
FIMd Ass•ts
Tanqlble Assets
Curr•nt
Debtors
1$
C•$h it bonk and In hand
122.384
214.966
128,244
214,966
Cr•dltors: •rnountJ hlll
du• wtthln on• y••r
119A201
114,7991
N•t ¢urr•nt ••vts
108.424
2￿.167
Tot•1 •si•ts of th• ¢h•rltv
113.924
205.667
I￿orn• fvndj
Restflcted funds
109,210
Unre$trfcted fijnds
113.924
%,457
20S.667
113.924
The ftnèn¢l•l Jt4ternentswere approv•d by th•Trustees on
Ann• Brown
Ch•lr of Trusi••A
Pa8e | 11

ABBERTON RURAL TRAINING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Charlty Inforni•￿•n
Abberton Rural Trolnlng15 a Chiritabl• Incorporated Ory•nls•tlon. Incorporated In En8lar*d & Wales.
*£¢¢yJntln¢ polSd•s
1.1 A¢¢ountlni ¢onv•nl
The fln•nd•l ststernenls hjve been prepred ITh •ttord•nce the ch•rlty'S Constftut(on, the Ch•rltles
Art 2011 and 'AccountlnB •nd A•F¢)rtln¢ by Charrtl*s.' Statement of Recommended Proctlce appllcable to
charltle5 preparlng thelr accounts In accordance wlth the Flnlnctal Rtpartlni siandafd applluble In the UK and
RepublSc of Irelind IFRS 1021" 13$ •mended for •ccountlni perlods commeficlnl from l January 20161. The
ch•rlty Is • Publlc 8enefft Entity as defined by FAS 102.
The chirfty has takèn •dv•nta8• of the prthilslons In the SC*P for ch•rltle5 apptyln¥ FRS 102 Upd•t•
8ullétln I not to prep•Tt • Slatement ￿ C•sh Flows.
The flnjnclèl st•ternents hove departed from the Ch•rltles IAttounts and Reports) Re¥u1atlons 2CQ8 only to the
èxtent requlred to pr¢)vldt a true and ljlr ¥lew. Thls departure h•s Invo￿ed followlni the Statement of
RecommeDded Practlce for chirlll•s applylni FRS 102 r•th•f th•n the verslon of the Statem•nt of
R•commended Prartlce, whlch Is rèferr•d to In th• R•gulatlons. birt whlch h•s slnce been wl¢hdrJwn.
The flnanclal statements are prepar•d In sterlln& whkh li the funclkTrnal currency of thè ch•rlty.
The financlal statements hive been preplred undtr the hlstorfc•l cost conventlon. The prlnclpal K¢ountyng
pollcles ?dopted are set out below.
12 GOI￿ ¢on¢•rn
At the tlme ol approvln8 the flnaThcl•l st•i•ments, the Trustees hjve • reasgnable expe¢tatlon th•t the charlty
h•$ adequ•te re$ources to cont5nue In operatlon•l exlstence for the tore5eeable fvture. Thus, the Trustees
¢ontlnue to adopt the golng conc•rn bKls of •ccountln8 In preparln8 the fln•nd•l staternents.
l.J tharltsbl• fun
Unrestrtrted funds ￿rnP￿S* er•nts and don•tlons. contr•rt Incom* and other Income recelv•ble or 8enerJted
for the objects of the charltywlthout further spedfied purpose. Unre5tr1cted funds whlch •re nol utlllsed durlng
th• y¢•r are carried forw•rd Is i•n•r•l fvnds.
S58n￿ed fvnds art unr•strlrtgJ fvnd5 *arm•rktd bythe trustees for p•rtl¢ubar purpose5.
Restrlcted funds are $ublert to spedfle eonditlons by donors as to how they m•y be used. The purpo*s
•nd uses of the re5trlcted lunth are set out Sn the notes to the finanall Statements.
Page | 12

ABBERTON RURAL TRAINING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
£CO￿tIn1 Wldes IContknu•d)
IA In¢om•
Income Is reeoinlsed when tht charlty Is lelally entltled to It •fter any performan￿ condlllons have been rnet,
the amounts can be me•sured rellably. and It Is probjble that Incorne wlll be recelved. Cash donat5ons aré
r•coinls•d en r•c•lpt. Othtrdonatlons are rewnlsed oncelhe ch4rfty hasbeen notlfled of the donjtlon, unle55
performance condltlons requlre del*rral of thè imount.
1.5 W•ndltur•
Expendlture Is accounted for on In •cuual ba515. All Incorne Ind expendlfvre Is allocated to a partl¢ul•r
Ict5vlty where it rèlates directty to that actfvlty, Support fvrsctlon$1SThcludlnB flThance, humon réstsurc*s.
fac115tles m•n•8emenl Ind 8overn•ncel are •pportlontd •cross the actlvltles that the funcrions SUPPOrt,
Overhead costs Ilr*clvdln8 offlce runnlni ttjsts and tonsurnables. InformatSon technolo8y, Insurances •fid
jfflllatlon fees) are ￿m￿larlY Jpportloned. To the extent that acuvftyrftlated fundln8 agreernents allow, support
costs are 4pportloned to art￿1101$ b•sod on the full.tlmt wulv•lent number of staff ernployed wlthln that
•ctIV￿Y.
Bisle fin4nclal Instruments •re Inltlally r*co￿l$ed at tr•nuctkJn ¥•lue •nd subsequentty rn•isurtd at
4mortlsed cost. Ilnonclal assèts comprlse c•sh It bank •nd In hand. toletherwlth trade and other debtors.
A speclfic w*)v5slon 1$ m•de lor debts tor whlth recovtr•bllrty Is In doubi. C•sh •t b•nk Ind In hand Ss
deflned as all cash held In Instsnt access bank accounts •nd as worklng capltJl. Flninclal Il•bllltl*$
held it •mortlsed cost Cornpflse all cr•dltors •xcepi soc*1 sectsrlty and other taxes, deferred In￿rne and
prg¥1slons.
1.6 &ThplJy•• ts•n•ffts
The cost of any unu5*d hollday entltl¢ment Is r*¢o8nised In the peilod In whlth the employee's servl¢es
ore recelved. Terminatlon beneflts are reco8Dlsed Immedlatety as an expense when tbe cbarlty Is demonstrably
commltted to termlnate Ihe ernploymént of •n employee or to provlde t*milnat￿n ber+efits.
Crfll¢•l •¢¢ountlni •5thn•t•s •NI l*m•nts
In the oppli¢atlon of the charltws accountin8 polides. the Trustees are requlred to make ludgements, estlmates
and 4ssumption5 about the carrylne amount of assets and liabllitfjes that are not readlly apparent from other
sourcès. The estimates and assoclated assumptions are based on hIstorl￿1 e¥perléntè and oth•r f•ctors th•t
jre consld¢red to be rdtvant. Actual results may dlffer from thest *s￿mI￿$.
Page113

A88ERTON RURAL TRAINING
NOTES TO THE FINANCIAL sfATEMÉNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The est5malu and undeflyln8 assumptlons are revlewed on an on8oln8 ba515. Rtvlslons to •ttountlno estlm•tes
re recognlsed In the period In whl¢h the estlmate is revlsed where the re￿$(Oll affects only th•t perlod, or In
the perlod of the revlslon and future perl¢)ds where the revlsion affects both current ind fvture perlod5.
Don•iioM •nd l•y¢
Unrestrkted
Funds
R•strlcted
Funds
Tot•ls •t 31
M•r 2024
Unresirlcted
Ftsnds
Restrlcted
Funds
Tot•l$ it 31
Mar 2023
Donatlons ond
L•8ècles
11.347
11.347
18.982
18,982
11.347
11,347
18.982
th•rlt•bl• •rt14rft
Unrestrfrted
Funds
Restrlct•d
Funds
Totsls ai
YI M•1 2024
Unreslrkted
Funds
Rostr5dtd
Funds
Totsls It
31 M•r 2023
Serv5c*s
provld•d
under
contr•¢t
239,843
334,410
574,253
322,743
556,137
878,
574,253
322.743
556,137
878,8
Inv•slTh•nts
Unrestrkted
Funds
R•stricted
Funds
Totsls •t
31 Mar 2024
Unrtstrlcted
Funds
Restrlrted
Funds
Totals at
31 Mar 2023
Inve5trnènl$
Interests
recelv•bl•
1785
2.785
71X)
2.785
2.785
Page | 14

ABBERTON RURAL TrAINING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
th•ritsbi• •¢tlvttf•5
Totsls at
31 Mar 2024
Totals at
31 Mar 2023
St•ff Costs
Edutatlon and tralnlni
Rent and venue hlre
Repa5r5 •nd malntenance
Prlntln& post•ge and st•tlon
Telephony and Intemet
Travel and subslstenc•
Qfflce exp•ns•s
Profes51onal fees
Insuranc*
Mernbershlps
Bank chJf8es
Sh4re of 8ovefn•nc• costs
other expens•s
4Q5,389
137,413
15,051
6.015
2.851
9.272
23.434
30,526
25,375
9,931
376
1811
192,144
261.982
57.301
37.247
6.031
1,912
91,567
4.244
2.353
9,685
216
6,113
I¢N,536
11,%2
677,112
77S,332
The Virlablès bètween the years ended 31 Mar 2023 and 31 Mar 2024's totals •r• due to the Investment In
new ottountlnq systern whlch cèn alloc•te Costs morè tfflclently. •llowlni for rn?re cl•rlficatlon to Oth•r
Expenses and • d•ep•r •n•lysls of cost •llo¢•llon.
Fundr•lslw Artl¥lts•s
Ttstlls It
31 M•r 2024
Totals at
31 M•r 2023
Fundralslng support
3,016
3.016
Page | 15

ABBERTON RURAL TRAINING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
An•tysls by Funds
Tot•l$ at
31 Mar 2024
Totals at
31 Mjr 2023
Unrestrlcted Funds
R*strltted Funds
214,S79
465,￿9
328.404
446.927
6￿.128
775 331
Syppart Corts
Support Governanct
Costs
Costs
Totals at 31
Mar 2024
Support Governin
Costs
Costs
Totals at 31
Mar 2023
A¢¢ountancv
Fundr•lslni
I,W7
6,113
3P16
3.016
3,016
3.016
l.WJ7
6,113
An•lysed behveen..
Ch4rltable Actlvltles
Fundr41sln8 Actlvltles
l.U)7
6.113
3,016
3.016
3,016
3,016
I,￿?
Govem•n¢e costs Indud• lees p•yJble to the Independenl ex•mlners of £NII lat 31 Maf 2023- £4,306).
IIX TruJt••*
No p•yments or remuneration from the thorfty was pald toTrustees lor any persons connected wlth thtml
durfn8 ihe year.
Page | 16

ABBERTON RURAL TRAINING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11. Ernpl￿
Numb•r ol Employtts
The average rnonthty nurnber of ernpltyees durln8 tht p•rlod was:
At 31 Mar 2024
At 31 Mar 2023
Aver•8e number of employtts
19
19
employm•ni C￿ts
At 31 Mar 2024 At 31 Mar 2023
Stjff Salarles
Educ•tlon S•l•rles
405.389
137.413
192,144
227,319
s42,￿2
419.463
12. FIn•n¢￿￿ Instrum•nts
At 31 M•r 2024
At 31 M•r 2023
C•rrylry4rnount ol •$￿$
Deblt Instrumenis rneasured at amortlsed cost
C•rrytni •mountof Ilnand41 Il•bSlltl•s
Me•$ured at arnortlsed co$t
19.820
14,799
19.820
14.799
13. D•btors
At 31 Mar 2024
At 31 Mor 2023
Trade Debtors
oiher D•btor$
Pa8e | 17

ABBERTON RURAL TRAINING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
l& Cr•dltors: •rnounts t•1$￿ du• wEthln on• y••r.
Al 31 Mar 2024
At 31 Maf 2023
Credltors
19.820
14.799
19,820
14.799
15. An•tysls ol N•1 Ajwts B•tw••n Funth
Unreslrlrted
Fund%
Restrlct•d
Funds
Totals •t
31 M•r 2Q24
Vnr•strlrted
Funds
Restflcted
Funds
Totals 4t
YI Mar 2023
T•nqlblè Assets
5.5CL)
Net Curr•nt Ass•ts
108,424
108A24
9J.957
109,210
2￿,167
113,924
113.924
,457
109,210
205,667
l& An4￿15 of m0￿m•￿t D•lw••n Fufids
At l Apr 2024
Inc47me
Expendltur*
Tr•nsferi
Total$ It 31
Mar 2024
Unrestrlcted Funth
57
253.975
1214,5791
121.9291
113,924
Itestrfcted Funds
109.210
334.410
1465.5491
21.929
205,667
588.385
,128
113.924
Page | 18