Charity Registration No. 1172540
NFU ESSEX CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
BUSINESS
ADVISORS
&AGCOUNTANTS
11 De Grey Square
De Grey Road
Colchester
Essex
C04 5YQ

NFU ESSEX CHARITABLE TRUST
CONTENTS
Page
Company information
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
8-13

NFU ESSEX CHARITABLE TRUST
COMPANY INFORMATION
Trustees
C C Tritton
NWReed
C Barr
N J Percival
C Butler
M Unwin
Charity number
1172540
Independent examlner
TC Group
11 De Grey Square
De Grey Road
Colchester
Essex
C04 5YQ

NFU ESSEX CHARITABLE TRUST
TRU5fEES' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The trustees present their annual report and financial statements for the year ended 30 June 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note I to the
financial statements and comply with the charity's Trust Deed Idated 15 February 20171, the Charities Act 2011
and "Accounting and Reporting by Charities: Statement 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" las amended for accounting periods commencing from l January 20161
Objertives and activities
The NFU Essex Charitable Trust was created to further the understanding of farming and the countryside in
Essex, as well as offering support to those in need and involved in agricultural and rural communities in the
county.
The objects of the charity are defined as follows,
l. To advance the education of the public in wildlife, protection of the rural environment, agriculture,
country life and related subjects.
To relieve financial hardship amongst agricultural students studying in or resident in Essex who are in
need or to promote their education. including by way of educational bursaries.
3. To provide financial assistance to farmers, farm workers and their dependents who live in Essex if they
are in need (including by reason of their suffering from illnes5, accident. bereavement, disability.
depression, redundancy or stress) by providing 8rants.
4. To provide financial assistance to people in rural communities in Essex who are in need lincluding by
reason of their suffering from illness, accident, bereavement, disability, depression, redundancy or
stress} by providing grants.
S. To make grants to other charities supporting farmers in need and/ or people in rural communities who
are in need.
Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
Poli
on
rant makin
The charity supports most of its beneficiaries by way of making grants towards their expenditure.
A beneficiary submits a grant application form, to the chair of the trustees. Assuming this meets the objects of
the charity, this 15 then reviewed and discussed by the board of trustees at one of the quarterly meetings.
In excess of two thirds of applicants are successful when applying for grants. Applicants are notified of trustee
decisions within 5 days of trustees meetings.
Contribution made b
volunteers
All trustees are volunteer5, giving their time before. during and in between quarterly meetings.
Achievements and performance
During the year the charity continued to 5UPPOrt its beneficiarie5, awarding amounts to Essex Agricultural
Society, The Country Trust and Writtle College and others.

NFU ESSEX CHARITABLE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE2024
Investment erformance a
ainst ob ectives
The charity holds an investment portfolio to generate both income and capital to meet grant awards in future
years.
The charity is awarding grants in excess of its income, thereby eroding its capital,
The trustees will continue to consider all grant applications made to them, and have taken steps to activelv
encourage more applications by promoting the charity and its objects to the wider community, increasing our
reach.
The charity trustees always ensures that some trustees are from an investment management / banking
background, having worked in the city with relevant experience.
The Trustees have recently run a process to selert investment managers and appointed Rathbones to manage
90% of the charity's investments.
Financlal review
The charity's income in the year was from investments, which were the charity's main asset at the year end.
Costs of running the charity remained consistent and minimal.
The charity aims to distribute grants in excess of retained income every year.
Reserves
olic
Reserves are held to enable the charity to relieve financial hardship and provide financial assistance and grants
as and when applied for and awarded.
The charity held fund reserves of £1,910,75912023: £1,764,524) of which £117,85112023: £154.7181 was
unrestricted.
We do not consider that there are any uncertainties about the charity continuing as a going concern.
Investment oli
The tru5tee5 select a suitable investment manager.
The investment manager is tasked with earning income and maintaining the real capital value of the portfolio.
The charity's a55ets are held in a fund with many other similar UK charity's.
The investment manager ensures that all underlying investments are 5Ultable and ethical to be held by
charities.
The trustees receive quarterly updates on performance (benchmarked against suitable comparable index
returns), with biannual review meetings.
The principle risks to the charity would be a sustained Imultiyearl drop in real value5 of its portfolio of
investments, that affected its ability to support beneficiaries.

NFU ESSEX CHARITABLE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE2024
Structure• governance and management
The charity is governed by a trust deed.
The charity is an unincorporated association.
The trustees who served during the year and up to the date of signature of the financial statements were..
C C Tritton
NWReed
C Barr
N J Percival
C Butler
S D Bradshaw
M Unwin
IDeceased 28 June 20241
Trustees are selected by the chair of trustees and are appointed to ensure their core skills complement other
trustees. Certain skills are normally represented on the committee, notably accountancy and investment
management.
Trustees serve a maximum of 3 x 4 year terms and the chair will always consider their succession is well
planned, with a deputy in post for at least one year, before handover.
The trustees, report
as approved by the Board of Trustees.
M Unwin
Trustee
Dated- 16 April 2025

NFU ESSEX CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NFU ESSEX CHARITABLE TRUST
I report to the trustees on rny examination of the financial statements of NFU Essex Charitable Trust (the charity)
for the year ended 30 June 2024.
Responsibillties and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charities Act 2011 Ithe 2011 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's
financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 1451Sllbl
of the 2011 Act.
Independent examlner's statement
I have completed my examination. I confirm that no matters have come to my attention In connection with the
examination giving me cause to believe that in any material respect..
accountin8 records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or
the financial statements do not accord with those record5,' or
the financial statements do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that
the accounts give a true and fair view which 15 not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financi315tatements to be
reached.
Simon Garner FCA
Independent Examiner
11 De Grey Square
De Grey Road
Colchester
Essex
C04 5YQ
Dated..

NFU ESSEX CHARITA8LE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
Unrestricted Restricted
funds
funds
2024
Z024
Total Unrestrlcted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Investments
45,383
45,383
41,486
41,486
Total Income
45,383
45,383
41,486
41,486
Expendlture on:
Raising funds
Charitable activities
4,069
20.650
4,069
24,493
3,835
37.725
3,835
42,537
3,843
4,812
Total expendlture
3,843
24,719
28.562
4,812
41.560
46,372
Net gains/llossesl on
investments
129.414
129.414
193
193
Net income/lexpendlturel and
movement In funds
170,954
124,7191
146,235
36.867
141,5601
14,6931
Reconciliation of funds:
Fund balances at l July 2023
154.718 1,609,806 1,764,524
117,851 1,651,366 1,769.217
Fund balances at 30 June 2024
325.672 1.585,087 1,910,759
154.718 1,609,806 1,764,524
The statement of financial activities includes all gain5 and losses recognised in the year. All income and
expenditure derive from continuing activities.

NFU ESSEX CHARITABLE TRUST
BALANCE SHEEr
AS AT30 JUNE 2024
2024
2023
Note5
Fixed assets
Investments
1,810,150
1,461,894
Current asset5
Debtors
Cash at bank and in hand
io
244
234
315,878
103,418
103,662
316.112
Creditors: amounts falling due withln one
Year
li
13,0531
113,4821
Net current asset5
100,609
302,630
Total assets less current liabllltles
1.910,759
1.764,524
The funds of the charity
Restricted income funds
Unrestricted funds
12
1,585,087
325,672
1,609,806
154.718
13
1.910,759
1,764,524
The financial state
ents were approved by the trustees on 16 April 2025.
M Unwin
Trustee

NFU ESSEX CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
Charity information
NFU Essex Charitable Trust is a charity, meeting the definition of a public benefit entity under FRSIO2.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's trust deed dated 15 February
2017. the Charities Act 2011 and 'Accounting and Reporting by Charities: Statement 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" las amended for accountin8 periods commencing
from l January 20161. The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin
I not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charitie5 applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amount5 in these financial statements are rounded to the nearest £.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus the
trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 IncomSn8 resources
Income is recogni5ed when the charity is legally entitled to it after any performance condition5 have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been
notified of the donation. unless performance conditions require deferral of the amount.

NFU ESSEX CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
(Continued)
Expenditure is recognised once there is a legal or constructive obligation to 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 cost5 and
shared costs, including support cost5 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 between those activities on
a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.5 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
income/lexpenditurel for the year. Transaction costs are expensed as incurred.
Income from Investments
Unrestricted Unrestricted
funds
funds
2024
2023
Income from listed investments
Interest receivable
40,656
4,727
37.017
4,469
45,383
41,486
Raising funds
Restrlcted
funds
Total
2024
2023
Investment management
4,069
3,835
4.069
3,835

NFU ESSEX CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 30 JUNE 2024
Charltable activities
Charltable Charitable
Expenditure Expenditure
2024
2023
Insurance
575
654
Other professional fees
Room hire
Sundry
Distributions to beneficiaries
3,168
loo
3.990
35
133
20.650
37,725
24,493
42,537
24,493
42,537
Analysis byfund
Unrestricted funds
Restricted funds
3,843
20,650
4.812
37,725
24,493
42,537
Other professional fees includes an independent examination fee of £1,440.
Trustees
None of the trustees lor any persons connected with them) received any remuneration during the year.
Employees
No staff were employed or remunerated by the charity during the year.
Gains and losses on investments
Unrestricted Unrestricted
funds
funds
2024
2023
Gainslllossesl arising on:
Revaluation of investments
129.414
193
10-

NFU ESSEX CHARITABLE TRusr
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
Fixed asset Investments
Listed
Unlisted
investments Investments
Total
Cost or valuatlon
At l July 2023
Additions
Valuation changes
1,400,483
218.842
144.341
61,411
1,461,894
218,842
129,414
114,927)
At 30 June 2024
1,763.666
46,484
1,810,150
Carrying amount
At 30 June 2024
1,763,666
46,484
1,810,150
At 30 June 2023
1,400.483
61,411
1,461,894
10 Debtors
2024
2023
Amounts falling due wlthin one year:
Prepayment5 and accrued income
244
234
11 Creditors: amounts falling due wlthln one year
20Z4
2023
Accruals and deferred income
3,053
13,482
11

NFU ESSEX CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30JUNE 2024
12 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At l July 2023
Resources
expended
At 30 June
2024
Essex Farmers and Rural Communities
1,609,806
124,7191
1,585.087
Previous year:
At l July 2022
Resources
expended
At 30 June
2023
Essex Farmers and Rural Communities
1,651,366
141,560}
1,609.806
These funds are restricted to the protection of wildlife, agriculture, country life and the rural environment in
Essex and to support farmers or people in rural communities in need, who are resident in Essex.
13 Unrestrlrted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and 8rant5 which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At l July 2023
Incoming
resources
Resources
expended
Gains and
1055es
At 30 June
2024
General funds
154,718
45.383
13,8431
129,414
325,672
Previous year:
At l July 2022
Incomin8
resources
Resource5
expended
Gains and
losses
At30June
2023
General funds
117,851
41,486
14,8121
193
154,718
12

NFU ESSEX CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
14 Analysis of net assets between funds
Unrestrirted Restricted
funds
funds
2024
2024
Total
2024
Total
2023
Fund balances at 30 June 2024 are
represented by:
Investments
Current assets/lliabilitiesl
287,451
38,221
1,522,699
62,388
1,810.150
100,609
1,461,894
302,630
325,672
1,585,087
1,910,759
1,764,524
15 Related party transactions
There were no disclosable related party transactions during the year12023 - none).
13-