Charity number. 1169247 ABBERTON RURAL TRAINING UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ABBERTON RURAL TRAINING CONTENTS Page Reference and adminlstratlve detalls of the Charlty, its Trustees and adviser8 Trustees, report Independent examlnerf8 report Statsment of flnanclal actlvltles 10 Balance sheet 11 Note8 to the flnanclal statements 12-23
ABBERTON RURAL TRAINING REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Anne Brown, Chair Anthony Stamp, Trustee Timothy Frances, Trustee Cllr Léwis Barbèr, Trustèe Catherine Turner, Trustee (appointed 1 September 2024, resigned 1 February 2025) Cllr Dr Martin Parsons, Trustee (appointed 1 January 2025) Charity registered number 1169247 Prlncipal office The Old St Andrews Primary School, Church Road, Wormlngford, C06 3AZ Page 1
ABBERTON RURAL TRAINING TRUSTEES. REPORT FOR THE YEAR ENDEO 31 MARCH 2025 The Trustees present their annual report together with the financial slatemenls of the Charity for the year 1 April 202410 31 March 2025. Objectives and activities a. Policies and objectlves The objects of the Charlty are.. The advancement of education, trainlng or r8tralnlng, and The relief of those in need in particular, but not exclusively among unemployed people in Essex providing them with work experience, volunteering opportunities, mentoring and rural employability and crafi skills courses, and by supporting their re-integration back into the rural community or by such other means as may from time to time be d8termined subject to the prior written consent of the Charity Commission for England and Wales. ART is and will remain a not-for-profit organisation focused on helping to develop the skills needed for jobs in the local economy of Essex and surrounding areas. We are °A Place to Grow.. Our vision is.. Abberton Rural Training will deliver a participant lèd programme of quality rural skills training with particular focus on individual support to those facing social and emotional barriers or disadvantage, improving confidénce and holisti¢ wellbeing. Enabllng progression to training, further education, employmenVself- employment or volunteering whilst protecting and enhancing the environment. To deliver this vision ART must be sustainable In the long term so that it can continue to deliver training services. In doing ihls ART wlll adopt the following alms. ART wlll.. Focus on education and through that also deliver benefits in terms of improved employability and wellbeing Focus on meeting skills needs in the community Provide a route back into training and reer$ for those who are temporarily excluded from the jobs market Support those who are struggling to enter the job5 market for the first time Support people who need new skills and strategies to adapt lo changes in the jobs market Support those with mental health or physical health issues or other barriers In pursuing this vision, the Charily is committed to making a real difference to the Ilves of people In Essex and surrounding areas by focussing on helping those who are outside the workforce, education and training to re- engage wilh training. The aim is to equip trainees with the confidence. skills and qualificalions to enable them to progress into employment, self-employment OT further education and training. In doing this, the Charity will help employers to secure Ihe Motivated, skilled and qualified staff they need to grow their organisations, and in lum to strengthen the local economy. In addition to the benefits the Charity brings to its partiapants, the local community and society through the education it offers, the Charitys help and assistance to those in need including menloring, advocacy and employability, create a social asset and so reduces the long-temi costs to the Exchequer. In setting objectives and planning for activities. the Trustees hav& given due consideration to general guidan published by Ihe Charity Commission relating to public benefit, including the guidance 'Public benefit-. running a charity (PB2)'. Page 2
ABBERTON RURAL TRAINING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Objectives and activities (contlnued) b. Stratsgies for achieving objectives The TTUStees are responsible for setting a strategy for achieving the objéctives they have set. The focus is on the development of participants and their educational and social progress and to widen further the access to the education the Charity provides. Focus will be malntained on six linked enabllng areas (organisational slruclure, premises, staffing, ICT, marketing and financial performance) lo achiev8 and maintain a sustainab18 business which delivers ART, strategiG objectives. This will inGlude'. Service: Course portfolio- develop and maintain a portfolio of courses which stays current with both trainee and employer demands, whilst being fundable and aligned with ART'S strategic focus on those who are disadvantaged, outside the jobs market or at risk of exclusion from the training and jobs market in the local economy. Enabling: Organisalional structur8 - ART wlll continue to operate as a charitable organisation (CIO) Staffing - continue lo ensure appropriate covèr for roles with a senior management team enabling a focus on high quality training delivery supported by a team of core and contract tutors with appropriate relationship management. Communication and busin8ss development and robust financial control assisted where appropriate by external professionals Premises - Administrative HQ currently at Meadow Vi8w, Chelmsford, however we are preparing to relocate our administrative HQ back lo our Head Office in Womiingford Colchester, to reduce the cost to the charity ofa second office location. This move is planned for mid May 2024. Wormingford is a large sile, wilh capacity for a wide range of courses and the potential to be able to provide additional participant programmes and garden space. Wormingford is our main operational sile with satellite partner sites providing additional coverage across the county and further afield as appropriate. The Board and senior management will continue to regularly review the strategy for main premises for ART Marketing- continue to develop and implement a marketing strategy which focuses on keeping ART'S profile as a lead provider and resource wilh potential trainees, delivery partners and funding bodies via engagement and promotion of ART'S provision Compliance- ensure that ART remains fully compliant with all appropriate legislation. c. Actlvltles undertaken to achieve obje¢tive8 In taking the Charity foard, the Charity will: Review the Charitls courses, progress and achievements Ensure the range of courses available to its participants is meeting their needs Invest in establishing the necessary infrastructure of the Charily Co-operate and work with public bodies, other charities, community organisations and partners., and Continue to review and develop ils methods to ensure wider access to participants from all backgrounds. Abberton Rural Training {ARTI is a CIO charitable trust, which seeks to benefit the public through the pursuit of its stated aims. Its courses are free to participants in order to ensure a¢¢essibility for all, and particularly those from difficult backgrounds or in difficult circumstances including homelessness. Page 3
ABBERTON RURAL TRAINING TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Objectives and activlties (contlnued) d. Main activities undertaken to further the Charity's purposes for the publlc benefit The Charity wélcomes participants from all backgrounds. The Charity has continued to S86k to be all inclusive, particularly lo those in isolation seeking to be trained. We continue to ensure our courses are accessible to all. An individual's economic status, health, gender, ethnicity, fa, religion or disability does not form part of the Charity's aCptan proosses. The Charity is an equal opportunities organisation and is committed to a working environment that 15 frea from any form of discrimination on the grounds of colour. race. ethnicity, religion, sex. sexual orientation or disability. The Charity makes reasonable adjustments to meet the needs of staff or participants who are or become disabled. The Charity is committed lo safeguarding and promoting the welfare of its participants and expects all staff and volunteers to share this commitment. Achlevements and perfom)ance Maln achievements of the Charity The Charity has ntInUed lo evolve and develop Courses, subject to funding availability and demand. Current courses for this year include Horticulture, Land Based Studies, Countryside & Environment, Woodlands, Carpentry, Rural Crafts and Textiles. We have groups lo facilitate accessibility for NEETS, SEN, Wounded and Injured SeNice Personn81 {Rustic Recover Programme RRPI, Domestic Abuse victims, M¢Jderal8 Learning Difficulties and multiple disadvantsge groups. 291 participant learning spaces were taken in these ART courses during the period April 24 to March 25 with a total of 9,198 Guided Learning hours provided. The Charity's work Gontinues work at locations throughout Essex, including Meadow View in Chelmsford, together with Wormingford; Stow Maries Great War Aerodrorne; Blackwater Leisure Centre, Maldon., Cressing, Braintree,. Avon Road, Chelmsford,. Hadleigh Country Park,. All Saints, HalCh. Abbeyfields Medical Centre, Colchester., and RRP (Rustic Recovery Programme). The charity recognises thal many participants coma from disadvantaged b8ckgrounds, with the help of Fairfields Farm in Wormingford, Essex the Charity was able to provide over 6QO hot meals to its participants over th& winter months Financial revlew a, Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Page 4
ABBERTON RURAL TRAINING TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 b. Reserves pollcy The Trustees require a minimum of 3 months core costs within Reserves to be sufficient to enable the charity to meel its next 3 months, direct expenditure. As at 31 March 2025 this equated to a minimum requirement of £58,601 in Unrestricted Reserves. The actual unrestricted ReseeS as at 31 st March 2025 amounted to £53,929. The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to miligate exposure to Ihe major risks. The Board of Trustees review the charity's Risk Register at each of Its bi-monthly meetings. The main strategic risks facing the charity going forward are.. Loss of key st8ff Security of assets Lack of ongoing funding Loss of reputation Internal financial risks are minimised through the implementation of robust financial control procedures including regular reports to the Board of Trustees. The later part of this finanaal year the Charlty reduced its staffing costs substantially. The Charity Continues to develop furth8r partnerships and funding opportunities to increase further the number of participants able to participate in its programmes, liaising with other organisalions for referrals and partnerships. ART re¢ognises the importance of working With others and will work lo ensure it has and maintains cléar partnerships in place with.. Slrategic educational partner{s) who can help it to access funding opportunities andlor validate ART'S course provision Councils, DWP, DfE, Essex Community Foundation (ECF), Active Essex, businesses and other strategic partners who hav6 funding to support training Colleges and employers who can offer progression opportunities for those trained by ART Local landlords including Eastlight Community Home$, CB Homes, CSH, Phoenix Homes and Peabody. Going forward we will continue to liaise wlth local and national government bodies Including the Department of Work and Pensions. the Police, the High Sheriff of Essex and Essex County Council Employability and Skills team and other charfty organisalions, such as Essex Community Fund, lo ensure thal the Charity's programme and ¢ourses remain relevant and up to date with local requirements, particular skills shortage relevant to local employment opportunities. The Charily continues to develop a network of outreach facilities to provide relevant courses within acceptable distances to meet the demands and needs of the community aligned with the Charty's strategic focus for those who are outside the jobs market or at risk of exdusion from training and the jobs market in lh8 local community. The Charity anticipates Ihal ils future plans will continue to be financed primarily from funding income {generally, on an annual cycle) and therefore the Board of Trustees continue to maintain an appropriale between delivery for the benefit of current participants and ensuring a sound infrastructur8 and financial base are preserved for future participants. Page 5
ABBERTON RURAL TRAINING TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management a. Constltutlon Abberton Rural Training is a registered ¢harity, number 1169247, and is constituted under a Trust deed. b. Methods ol appolntmont or 8le¢tlon of Trustees The management of the Charlty is ihe responsibility of the Trustee8 who are elected and co-opted under thè terms of the Trust deed. statsment of Trustee8' re8ponslbllltle8 The Trustees are responsible for preparing the Trustees, report and the financial stat6m8nts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to preparè financial stat8m6nts for each financial year which givé a true and falr view of the state of affairs of the Charity and of ils incoming resources and application of resources, in¢luding its income and exp8ndilur8, for that period. In preparing these financial statements, the Trustees are required to.. 88led suitab18 accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP (FRS 102)., mak8 judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any material departures disclosed and explained in the financial stalements., prepare the financial slalements on Ihe going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records Ihal are sufficient to sh¢JW and explain the Charitys transactions and disclose with reasonable accuracy at any time the financial position of Ihe Charily and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of Ihe Trust deed. They are also responsiblè for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of Ihe board of Trustees on 23 September 2025 and signed on their behalf by.. Anne Brown Chair Page 6
ABBERTON RURAL TRAINING INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent Examinerfs Report to the Trusteos of Abberton Rural Tralnlng I'the Charity.) I report to the charity Twstees on my examination of the accounts of the Charity for the year ended 31 March 2025. Responslbllities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of th8 Charities Act 20111'lhe 2011 A¢V). I r8POrt in resp8Ct of my exarnlnallon of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Page 7
ABBERTON RURAL TRAINING INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 34 MARCH 2025 Independent Examiner's Statement Sinc6 tha Charivs gross income exceeded £250,000 your exarniner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practicé applicabl6 to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Ch8rities.' Slalement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been wlthdrawn. l understand that this has been done in order for the accounts lo provide a tru8 and fair vi8w in accordance with the Generally Accepted Accounting Practice effectiv8 for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attenlion in connection with the examination giving me cause lo believe that in any material respect.. accounting records wer8 not kepl in respect of the Chariiy as required by section 130 of the 2011 Act., or the accounts do not accord with those records; or the accounls do not Comply with the applicable requirements conceming the fom and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the 8xamination to which attention should be drawn in thi8 report in order to enable a proper understanding of the accounts to be reach6d. Page 8
ABBERTON RURAL TRAINING INDEPENDENT EXAMINER'S REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 This report is made solely to Ihe Chariws Trustées. as a body, in accordance with Part 4 of the Charities (Accounls and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitls Trustees those matters l am required to stale to them in an Independent examiner's report and for no other purpose. To the fullest exlent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Sign8d: Matthew Wells Dated.. 23 September 2025 ACA Haslers Old Stalion Road Loughton IG104PL Page 9
ABBERTON RURAL TRAINING STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Restrlcted Unrestricted funds funds 2025 2025 Total funds 2025 Tolal funds 2024 Nots Incoma from: Donations and legacies Charitable activities Investments 3,014 12,245 2,263 3,014 281,264 2.263 11,347 574,253 2, 785 269,019 Total Sncome 269,019 17,522 286,541 588,385 Expenditure on: Raising funds Charitable activities 408 70,891 408 267,937 3,016 677,113 197,046 Total 8xpendlture 197,046 71,299 268,345 680, 129 Net in¢omel{exndllureI Transfers beeen funds 71,973 8,218 (53,777) {8,218) 18,198 (91, 744) 14 Net movement In fund8 78,191 (59.995) 18,196 (91. 744) Reconclliation of fund8: Total funds brought fotward Net movement in funds 113,924 159,995) 113,924 18,196 205, 668 (91, 744) 78,191 Total funds carrled for*Yard 78,191 53,929 132,120 113,924 The Statement of Financlal Activllies includes all gains and losses recognised in the year. The notes on pages 12 to 23 form part of Ihese financial statements. Page 10
ABBERTON RURAL TRAINING BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Tangible assets 3,300 5,500 3,300 5,500 Current a$sets Debtors Cash at bank and in hand 12 3,246 131,045 5,860 122.384 134,291 128, 244 Creditors.. amounts falling due within one year 13 {5,471) {19,820) Net current assets 128,820 108,424 Total a88ets less curront Ilabllltle8 132,120 113,924 Net a889ts excludlng penslon asget 132,120 113,924 Total net a880t8 132,120 113,924 Charity funds Restricted funds Unrestricted funds 14 78,191 63,929 14 113,924 Total funds 132,120 113,924 The financial statements werè approved and authorised for issue by the Trustees on 23 September 2025 and signed on their behalf by.. Anne Brown Chair The notes on pages 12 to 23 form part of these finanaal statements. Page11
ABBERTON RURAL TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General inforniatlon Abberton Rural Training is a Charitable Incorporated Organisation, incoiporated in England & Wales. Accounting policies 2.1 Basls of preparation of financial statsments The financial Statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Chariti8s: Statement of R8comm8nded Pradice applicable to charities preparing their accounls in accordance with the Financial Reporting Slandard 8pplicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair, vi8w and have departèd from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has involved following the Charitiés SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Abberton Rural Training meets th8 definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised at historical cosl or transaction value unless otherwise slated In Ihe relevant accounting policy. 2.2 Income All income is recognised once the Charity has entillemenl to the income, it is probable that the income will be received and the amount of income receivable carb be measured reliably. Income tax recoverable in Telation to investment income is re¢ognised at the time the investment income is receivable. 2.3 Expendlture Expenditure is recogni$ed On Ihere is a legal or constructive obligation lo transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation harges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charilable trading. Expenditure on charitable activities is incurred on directly undértaking the activities which further the Charitys objectives, as well as any associated support costs. Page 12
ABBERTON RURAL TRAENING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcies (continued) 2.3 Expenditure (continued) Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions altaching are fulfilled. Grants offered subject lo conditions which havè not been m6t at thé y8ar end are noted as a commitm8nl, but not accru8d as exp8nditur8. All expenditure Is inclusive of irrecoverable VAT. 2.4 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can b8 measur6d reliably by the Charity,. this is normally upon notification of the interest paid or payable by the institution with whom the funds ar8 deposit8d. 2.5 Dèbtor8 Trade and other debtors are recognised at the settlement amount after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.6 Cash at bank and in hand Cash al bank and in hand includes cash and short-term highly liquid inveslments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.7 Liabilities and provision8 Liabilities are recognised when there is an obligation at the Balance sheet date as a SuIt of a past event, it is probable that a transfer of economic benefil will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates il will pay to settle the debt or the amount it has received as adVand payments for the goods or seNices it must provide. Provlsions are measured at the best estimate of the amounls required to settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-lax discount rate that reflects Ihe risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finan cost. 2.8 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustee5 in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds ara funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the speafic fund. The aim and use of each restricted fund is set out in the noles lo the financial statements. Inveslment income, gains and losses are allocated to the appropriate fund. Page 13
ABBERTON RURAL TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from donation8 and lega¢ies Unrestricted funds 2025 Totsl funds 2025 Donation8 3,014 3,014 Unrestricted runds 2024 Tot81 funds 2024 Donations 11,347 11,347 Income from charltable actlvltles Restrlrted Unrestrlcted funds funds 2025 2025 Totsl funds 2025 Charitable Activities 269,019 12,245 281,264 Restricted Unmstricted fvnds funds 2024 2024 rotsl funds 2024 Charitable Activities 334,410 239,843 574,253 Investment Income Unrestrictsd funds 2025 Total funds 2025 Investment Income 2,263 2,263 Page 14
ABBERTON RURAL TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Investment income {continued) Unreslricled funds 2024 Total funds 2024 Investment income 2, 785 2, 785 Analysls of expendlture on charltable actlvities Summary by fund type Restrlcted Unrestricted fund8 funds 2025 2025 Total 2025 Staff Costs Education and training Rent and venue hire Repairs and maintenance Printing, postage and stationary Telephone and inlernet Travel and subsistence offi expenses Professional fees Insurance Bank charges other expenses 153,257 17,364 1,988 1,291 1,433 3,596 4,139 4,484 9,463 18,550 13,152 1,474 1,210 171,807 30,516 3,462 2,501 2,239 9,008 8,209 11,357 25,603 2,661 81 513 5,412 4,070 6,873 16,140 2,661 30 513 31 197,046 70,891 267,937 Page 15
ABBERTON RURAL TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure on charitable activities (continued) Summary by fund type Icontlnued) Restricted Unrnstricted fvnds funds 2024 2024 Tofal 2024 Staff costs Education and training Rent and venue hire R6pairs and maintenance Printing, postage and stationary Telephone and internel Travel and subsistence Office expenses Prof8s3ional fees Insurance Bank Charges Other expenses Memberships 281,028 113,243 14.417 720 1,968 4,948 17.838 15,923 10,339 124,361 24,171 634 5,293 883 4,324 5,597 14,602 15,036 9,931 (112) 9,859 376 405,389 137,414 15,051 6,013 2,851 9,272 23,435 30,525 25,375 9,931 (81) 11,562 376 31 1,703 462, 158 214,955 6T7,113 Page 16
ABBERTON RURAL TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expendlture by activities Activitie8 undertaken directly 2025 Total funds 2025 Staff costs Education and training Rent and venue hire Repairs and maintenance Printing, postage and stationary Telephone and Intemel Travel and subsistence Office expenses Professional fees Insurance Bank charges Other expenses 171,807 30,516 3,462 2,501 2,239 9,008 8,209 11,357 25,603 2,881 61 513 171.807 30,516 3,462 2,501 2,239 9,008 8,209 11,357 25,603 2,681 81 513 267,937 267,937 Page 17
ABBERTON RURAL TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expendlture by actlvllles {contlnued} Activities undertaken directly 2024 Total funds 2024 Staff costs Education and trainlng Rent and venue hire Repairs and maintenance Printing, postage and stationary Telephone and internet Travel and subsistence Office expenses Professional fees Insuranc8 Bank charges Other expenses Memberships 405,389 137,414 75,051 6,013 2,851 9,272 23,434 30,526 25,375 9,931 (81) 11,562 376 405,389 137,414 15,051 6,013 2,851 9,272 23.434 30,526 25,375 9,937 (81) 11,562 376 677, 113 677, 113 Independent examlnerfs rernuneration The independent examinels remuneration amounts to an indepèndent examiner fee of £2,200 plus VAT. Page 18
ABBERTON RURAL TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Staff costs 2025 2024 Staff salaries Education salaries 171,807 30,516 405,389 137,413 202,323 542.802 The averag8 number of persons employed by the Charity during the year was as follows.. 2025 No. 2024 Employees 10 19 No employee received remuneration amounting to more than £60,000 in 85th8r year. 10. Tru8tse3' remuneratlon and expens88 During the year, no Truslees received any mUneratIon or other ben8flts (2024 - £NIL). During the year ended 31 M8r¢h 2025, no Trustee expenses have been incurred (2024- £NIL). Page 19
ABBERTON RURAL TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Tangible fixed assets Motor vehlcles Cost or valuatlon At 1 April 2024 5,500 At 31 March 2025 5.500 Depreclatlon Charge for the year 2,200 At 31 March 2025 2,200 Net book value At 31 March 2025 3,300 At 37 March 2024 5,500 12. Debtors 2025 2024 Due within one year Trade debtors Other debtor8 450 2,796 5, 860 3.246 5, 860 13. Credltors: Amounts falllng due wlthln one year 2025 2024 Trade creditors 5,471 19,820 Page 20
ABBERTON RURAL TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Statement of fund8 Statement of fund8 - current year Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Income Expenditure UnM$trfctod fund8 General Funds - all funds 113,924 17.522 (71.299) (6,2181 53.929 Re3trlcted funds Restricted Funds - all funds 269,019 {197,046) 6,218 78,191 Total of fundg 113,924 286,541 {268,3451 132,120 Page 21
ABBERTON RURAL TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Statement of funds (continued) Stat8mant of funds - prior year Balance 81 31 Mah 2024 Balance 8t l Apnl 2023 Unrestrfcted fund8 General Funds 113,924 113,924 15. Summary offund• Summary of funds- current year Balance at 31 March 2026 Balance at 1 Aprll 2024 Tran•for8 inlout Incomo Expendlture G8n8ral funds Restrid6d funds 113,924 17,522 269,019 171,2991 (197,0481 (6,218) 6,218 53,929 78,191 113,924 286.541 (268,3451 132,120 Summary of funds- prlor year Balance al 31 March 2024 Balance at l Apnl 2023 General fvnds 113,924 113,924 Page 22
ABBERTON RURAL TRAINING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Analysis of net assets between funds Analysis of net assets between funds - current yèar Restrlcted Unre8trlcted funds funds 2025 2025 Total funds 2025 Tanglble fixed assets Debtors due after more than one year Current assets Creditors due within one year 5,500 8,219 78,190 (11,718) (2,2C(I> (6,219> 56,101 6,247 3,300 134,291 15,471) Total 78,191 53,929 132,120 Analysis of net a88ets between fund8 - prior year Endowmenl Unrestricted funds fvnds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 5,500 128,244 (19, 820) (4,409) 4,409 132,653 (24,229) Total 113,924 113,924 Page 23