Registered number.. CE024062
Charitv nurnber: 1191627
Delamere Dairy Foundation CIO
Trustees, Report and Financial Statement5
For the year ended 31 Deeember 2023

Del#mere Dairy Found#tLOll
Contents
Page
Referenee and administrative details of the Company, its Trustees and advisers
Trustees, report
Itldependent examiTher's report
Statement of fiDancial activities
Balance sheet
Notes to the financial statements
9-15

Del#mere Dairy Found#tLOll
Reference and Administrative Details of the Comp8lly* Its Trustees and Advisers
For the year ended 31 December 2023
Trustees
E J Salt, Chair
E A Sutton
N J H Collins {appointed ?2 March 2023)
J E Wl)itehead (rtsigned 22 March 20?i)
Company registered
number
CE024062
Charily registered number 1191627
Registered office
Yew Tree Farm
Bexton Lane
Knutsford
Cheshire
WA169BH
Afcount8nt$
Hurst Accouiitsnts Limited
Independeni Examiners and Chartered Ac¢ounianis
3 Stockport Exchange
Siockport
Cheshire
SKI 3GG
Page I

Del#mere Dairy Found#tLOll
Truste￿, Report
For the year ended 31 December 2023
The Tnjstees present their arll]ual report together with the financial statements of the Company for the year l January 2023
to i l December 2023.
The annual report serves the PUTP05es of both a Trnstees, report and a directors, report under coinpany law. The Trnstees
confiTm that the annual report and financial staten)ent5 of the charitable company coinply with the CUTrent Statutory
requirement5, the requireinents of the charitable company's governing document and the provisions of the Statemet]t of
Recommended PTaCtice {SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS102} (effective l January 20191.
Since the Company qualifies as small under section 382 of the Cojnpanies Act 2006, the strategic report required of medium
and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 201) has been
omitted.
Objectives and activitie5
Policie5 and objective5
The Delamere Dairy Foundation, established in October 2020, is a self-goveming, independent registered charity with a
clear PUTpose of giving back to local and wider coinmllnities through the provision of di5cretionatv grants at]d other
financial assistance.
The Foundation's charitable objectives are..
The advancetnent of agriculture and of environrnental protection.
The advancement of life in young people by developing their capabilities so that they may tnature as contributory
members of society,.
The relief of hardship,.
The advancement of ediication,. and
The relief of sickness,
by the provision of grants and other financial assistance at the Trustee's discretion incliiding in support to Charities and
other organi5ations furthering these purpose5, which may be iiominated by the staff of Delainere Dairy Lirnited or through
the Delamere Dairy Foundatiot] nomination process.
In setting objective5 and planning for activities, the Trustees have given due consideration to geiieral guidance published by
the Charity Commission relating to public benefit, including the guidance'Public benefit.. ￿ll￿]ng a charity {PB2)'.
b. Strategies for aehieving objeetives
The charity's main activities are detailed below, all of which fiirther our aims and objectives for the public's benefit=
Awarding small to niedium grant5 to the charitable bodie5 we supwrt to enable them to caTry Out their WOTk and
iniprove people's quality of life or the natural enviroiiment
Monitoriiig the grat]ts aH'arded through visits, conversations at]d an Et]d of Grant Mot]itoring Fomi to enable
contii)uous iniproveinent of hom. we support our charities aiid improve the impact Inade from oiir graiits.
Page 2

Del#mere Dairy Found#tLOll
Trustees, Report (continued)
For the year ended 31 December 2023
Achievements alld performance
Main achievetneTht5 of the Company
The Foundation measures its performance using the following key perfoTmance indicators..
Donations received in the period.. £210,445.
Donations received frorn Delamere Dairy Litnited.. £210,445.
Number of organisations supported in the period.. 12
The Respite Associatiot]
Treloar T￿st
Sight for Surrey
The GINA Project
Bran)ber Bakehouse
Little Hearts Matter
Benvickshire s￿'aP SCIO
Pathway to Ejnploymejit
Ronald Macdojial House
Martlets Hospice
RIG Arts
Noahs Star
Ainount of money donated to worthy causes in the period.. £30,000
b. Investment policy
The overall objectives are to create siiffjcieiit it]come and capital gr0￿h to et]able the charity to cary oiit its purposes
consistently year-on-year with due and proper consideratioii for future Jieeds and the niaintenance of the value of the
invested fund5 while they are retained.
The investment manager provides an annual Teview of performance and a review of activity to the Tn]5tees and the policy
will be re(Tularly reviewed to ensure the overall objectives continue to be achieved.
Financial review
The Trustees awarded chaTjtable grants totslling £30,000. The total income for the year was £210,445 and expenses of
admii)istering the Charity were £9,079.
Finaneial review
. Going concer
After makiiig appropriate enquiries, the Trnstees have a reasonable expectation that the Company lias adequate resources to
contii)ue in operational existet]ce for the foreseeable futiire. For this reason: the}. continue to adopt the going coi)cern ba5lS
in preparing the fjnancial statements. Further detsils regarding the adoption of the going concern basis can be found in the
accouRtit]g policies.
Page 3

Del#mere Dairy Found#tLOll
Trustees, Report (continued)
For the year ended 31 December 2023
b. Reserves policy
As part of the ongoing activities of the Foundation, reserves totalling £687,977 M'ere held at 31 December 2023. These are
held to ensure the availability of continued fi￿ding for those activities that are deeined suitable by the fnjstees, and must be
sufficient to cover the expected annual adtninistTative and governance costs of the Charity.
Free reSt￿£S totalled £687,977. Some of this is expected to be spent in the next 12 months and the rest will be invested to
generate an ongoing income stream which will be used for the Charity's benefit
The resetTres policy is reviewed annually.
Structure) governance and tnanagement
CoDStitution
[kI￿ller£ Dairy Foundation was registered as a Charitable Incorporated Organisation (CIO) on 5 October 2020 and
registered with the Charity Commissioii under charity nurnber 1191627.
b. Methods of appoint￿ent or election of Tru5tee5
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the
Trust deed.
Statetnent of Tru5tee5' responsibilities
The Trnstees (who are also the directors of the CoMp￿]Y for the puwoses of compat]y la￿..) are responsible for preparit]g the
Trustees, report ￿ld the financial statements in accordance with applicable law at]d United Kingdom Accounting Standards
(United tQiiigdoni Generally Accepted AccountinuF Practice).
Company law reqiiires the Tnistees to prepare finat]cial statements for each financial year. Under coinpany law, the Trnstees
must not approve the financial statements iiJiles5 the), are sat15fJed that they give a true and fair viem. of the state of affairs of
the Compat]}' and of its incominfw resources and application of resources, including its income and expenditure, for that
period. In preparing these financial stateinents, the Trustees are required to:
select suitable accounting policies and then apply them consistently.,
observe Ihe methods and principles of the Charities SORP (FRS 102).,
make judgments gnd accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting stE￿dards (FRS 1021 have been followed, subject to any material
departure5 disclosed aiid explaii)ed in the financial ststeinents.,
prepare the financial statements on the going ¢oi)¢ern basis unless it is inappropriate to presume that the Company
will continue in business.
The Trustees are responsible lor keeping adequate accounting records that are sufficient to show and explain the Company's
transactions and disclose with reasonable accuracy at any time the financial position of the Companj, and enable ihem to
ensure that the financial staiements comply with the Companies Acr 2006. They are also responsible for safeguarding the
assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Page 4

Del#mere Dairy Found#tLOll
Trustees, Report (continued)
For the year ended 31 December 2023
Approved by order of the members of the board of Trustees and signed on their behalf by..
EJSalt
Chair of TTUStees
Date..
17 Sep 2024
Page 5

Del#mere Dairy Found#tLOll
Independent Examiner's Report
For the yeur ended 31 Decembvr 2023
Independent Examiner's Report to the Trustee5 of Delamere Dairy Foundation ('the Compans )
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
Responsibilities and Basis of Report
As the Trustees of the Company (and its directors for the purposes of company lam'} you are responsible for the preparation
of the accounis in accordance with the requirements of the Companies Aci 2006 (the 2006 Acr).
Having sgtisfied myself thai the accounts of the Company are not required to be audited under Pgrt 16 of the 2006 Act and
are eligible for independent examination, I report in respect of my examination of the Company's accounts cgrried out under
section 145 of the Charities Aci 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given
by the Charity Commission under section 145(5Xb) of the 2011 Act.
Independent Examiner's Statement
I have completed my examinaiion. l Confirm that no matters have come to my attention in connection with the examination
giving me cause 10 believe..
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or
the accounts do not accord with Ihose records., or
the accounts do not cotnply with tl)e accounting requirements of section 396 tsf tl)e 2006 Act other than any
requiremei)t that the accounts give a 'true and fair, view which is not a n)atter coi)5idered a5 part of an independent
exainiiiation., or
the accoiints have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities.
I have no concems and have come across no other matters in connection with the examination to which atteniion should be
drawn in this report in order to enable a proper understanding of the accounts ro be reached.
This repon is made solely to the Company's Twstees, as a body, in accordance with Part 4 of the Charities {Accounts and
Reports) Regulations 2008. My work has been undertaken so that I might stsie to the Company's Trustees those matters l am
required to state to them in an independent examiner's report and for no other purpose. To the fullest exieni permitted by
law: I do not accept or assume responsibility to anyone other than the Company and the Companv's Trustees as a bodv, for
my work or for this report.
Signed..
Dated.. 17 Sep 2024
Helen Besani Robert5 FCA
Hurst Accountants Lirnited
Independent Examiners and Chartered A¢ctsuntants
Page 6

Del#mere Dairy Found#tLOll
Statement of financial aetivities (iNcorpornting incvme and expemditure account)
For the yeur ended 31 Decembvr 2023
Unre5tricttd
funds
2023
Total
funds
2023
[￿￿￿5.
2022
Note
Income from:
t)onations and legacies
Investments
210,445
210,445
108.242
Total iDeorne
210,452
210,452
108.327
Expenditure on-
Charitablc activities
Other expenditure
30,000
30,000
68.475
9,079
9,079
6.500
Total expenditure
39,079
39,079
74.97i
Net income before net gainsl(losses) on investments
Nei gainsl{losses) on investments
171,373
36,409
171,373
36,409
53,352
135.398)
Net movement in funds
207.782
207.782
(2.n461
Reconciliation of funds..
Total fiinds broiight forward
Net movement in funds
480,195
207,782
480,195
207,782
482.241
r2,046)
Total fund5 carried forward
687,977
687,977
n.19i
The Siatement of Financial Activities includes all gains gnd losses recognised in the year.
The notes on pages 9 to 15 form part of these financial statements.
Page 7

Del#mere Dairy Found#tLOll
Regi$tertd number.. CE024062
Bal#nee Shtet
As at 31 December 2023
2023
2022
Note
Current a55ets
Investments
631,715
56,262
435,305
Cash at bank and in hand
44,890
687,977
480, 195
Net current assets
687,977
J80. 19i
Total net assets
687,977
480. 19i
Charily fund$
Restricted funds
Unrestricted funds
10
10
687.977
48n. 19i
Total funds
687,977
19i
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
EJSalt
Chair of Trustees
Date.. 17 Sep 2024
The notes 01) pages 9 to 15 fomi part of these finai)tial statements.
Page 8

Del#mere Dairy Found#tLOll
Notes to the Fin#nci#l Statements
For the yeur ended 31 Decembvr 2023
General information
Delamere Dairy Foundation was registered as a charitable incorporated organisation on 5 October 2020 and
registered with the Charity Commission under charity number 1191627. The charity's principal olTice address is
Yew Tree Farm, Bexton Lane, Knutsford, WA16 9BH.
Delamere Dairy Found81ion's registered number is CEO•4062.
Accounting policies
2.1 Basis of preparation of flnancial statements
The financial Statements have been prepared in accordance with the Charities SORP (FRS 1021 Accounting
and Reportin(T by Charitie5'. Statement of Recoinmended Practice applicable to charities preparing their
accounts in accordance with the Financial Reportiiig Standard applicable in the UK a]id Republic of Ireland
{FRS 1021 (effective l Januatv 2019). the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) and the Companies Act 2006.
Delamere Dairy Foundatioi) meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recogni5ed at histOTical c05t or transaction value unless othenvise stated in the relevai)t accounting
policy.
2.2 Going concer
After TnakiiigF appropriate enquiries, the trustee5 have a reasonable expectation that the charity ha5 adequate
resources to continue in operational existeiice for the foreseeable future. For this reason. thej. contiiiue to adopt
the gFoing concem basis in preparing the financial stateinents.
Page 9

Del#mere Dairy Found#tLOll
Notes to the Fin#nci#l Statements
For the yeur ended 31 Decembvr 2023
Accounting policies (continued)
2.3 Income
All income is recognised once the Company has entitlement 10 the income, it is probable that the income will be
received and the amount of income receivable can be measured reliably.
The recognition of income from leggcies is dependent on establishing entitlement. the probability of receipt and
the ability to estimate with sufficient gccuracv the amoiint receivgble. Evidence of entitlement to a legacy exists
when the Company has sufficient evidence that g gift has been left to them (through knoM,ledge of the existence
of a valid will and Ihe death of the benefactor) and the eyecutor is satisfied thai the property in question will not
be required to satisfy claims in the estaie. Receipt of a legacy musi be recognised when it is probable that it ￿.111
be received and the fair value of the amoiint receivable, which will generally be the expected cash amount to be
distributed 10 the Company, can be reliably measured.
Where the donated good is a fixed asset, it is measured at fair value. unless it is impractical to measure this
reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from
donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the
useful economic life in accordance with the Company's accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the
Company which is the amount it ￿OUld have been willing to pay to obtsin services or facilities of equivalent
economic benefit on the open mark'et,. a corresponding amount is then recognised in expenditure in the period
of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at
the time of the donation.
Income lax recoverable in relation 10 investment income is recognised at the lime the invesiment income is
receivable.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third
party, li is probable that a transfer of economic benefits ￿111 be required in settlement and the amount of the
obligation can be measured reliably. Expenditure is classified by activity. The costs of each activiti, are made
up of the total of direct cosis and shared costs, including siipport 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
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 allocated on the portion of the asset-s use.
Expenditure on charitable aciiviiies is incurred on directly undertaking the activities which further the
Companys objectives, as well as any associated support costs.
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 ￿'hen the conditions attaching are fulfilled. Granis
offered subject to conditions which have nor been met at ihe year end are noted as a commitment, but not
accrued as expenditure.
All expenditure is inclusive of I￿e¢Overable VA T.
Page 10

Del#mere Dairy Found#tLOll
Notes to the Fin#nci#l Statements
For the yeur ended 31 Decembvr 2023
Accounting policies (continued)
2.5 Intere$¢ receii'able
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the
Company; this is nomially upon notification of the interest paid or payable by the institution with whom the
funds are deposited.
2.6 Taxation
The Company is considered 10 pgss the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable compan) for UK corporation tax purposes. Accordingly. the
Company is potentially eyempt from taxation in respect of income or capital gains received within categories
covered by Chapter 3 Part 1 l of the Corporation Tax Aci 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that siich income or gains are applied exclusively to charitable purposes.
2.7 Investments
Fixed asset investments are a form of financial instrument and are initially recognised ai their transaction cost
and subsequently measured ai fair value at the balgnce sheet date, unless the value cannot be measured reliably
in ￿hICh case it is measured ai cost less impainnent. Invesiment gains and losses, whether realised or
unrealised, are combined and presented as 'GainsllLosses) on investments, in the statement of financial
activities.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cgsh and short_ierm highly liquid investments with a short maturity of three
monihs or less from the date of acquisition or opening of the deposit or similar account.
2.9 Financial instruments
The Company only has financial assets and financial ligbilities of a kind thgt qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured
at their settlement value with the exception of bank loans which are subsequently measured at amortised cost
using the effective interest method.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance
of the general objectives of the Company and which have not been designated for other pun)oses.
Investment income. gains and losses are allocated to the appropriate fund.
Page 11

Del#mere Dairy Found#tLOll
Notes to the Fin#nci#l Statements
For the yeur ended 31 Decembvr 2023
Income from donations and legaci
Unrestricted
funds
2023
Total
funds
2023
Tulul
[uNd&
2022
Donation5 in Cash
201,366
201J06
101. 750
Donations in Kind
9,079
9,079
6.492
210.44)
210,445
108.242
Investment income
Unrestricted
funds
Total
funds
2023
Toial
fu4d,s
2022
2D2J
Interest on funds held on deposit
Analysis of expenditure on charitable activities
Summary by fund type
Unrestritted
funds
2023
Total
2023
Total
2022
Charitable donations made
3U.000
30.0(
Analysis of txptnditure by aetivities
Grant funding
of activities
Total
fund5
Tofol
fiinds
2023
2023
2022
Charitable donations made
30.000
30,OIM
68.475
Page 12

Del#mere Dairy Found#tLOll
Notes to the Fin#nci#l Statements
For the yeur ended 31 Decembvr 2023
Other expenditure
Unrestricted
funds
2023
Total
funds
2023
Tulul
[uNd&
2022
Other resoiirces expended
9.079
9.079
6.51111
Trustees, remuneration and expenses
During the year. no Trustees received any remuneration or other benefits (2022- £VIL}.
During the year ended i l December 2023. no Trustee expenses have been incurred (2022- £NIL).
Current asset investments
202J
2022
Listed investtnents
631,71S
3?3nj
io.
Statement of fund5
Statement of fund5- current year
Balan¢¢ at 31
December
2023
Balance at I
January 2023
Gainsl
{L05s¢5)
Income
Expenditure
Unrestrieted funds
General Funds- all funds
480,195
210.452
39,0791
36.409
687,977
Statement of funds- prior year
Balance at
Balance at
Gain5/ 3] December
(Losses)
2022
2022
1￿come
Erpenditure
Unr¢5trict¢d funds
General Funds- all funds
¥82.241
108,327
17¥,975)
(35,3981
¥80. 195
Page li

Del#mere Dairy Found#tLOll
Notes to the Fin#nci#l Statements
For the yeur ended 31 Decembvr 2023
Summary offunds
Sumrnarv of funds- current vear
Balanc¢ at 31
December
2023
Balance at I
January 2023
Gainsl
(Losse5)
Income
Expenditure
Genetal funds
480,195
210,452
{39,0791
36,409
687,977
Sumrnarv of funds- prior year
Balance tsl
Goins/ 31 December
(Lafses)
2022
2022
1￿come
£¥pe￿dI<￿re
General funds
¥82.241
108,327
(74,975)
(3i.3981
48Q. 195
12.
Analysis of net a$5ets between fund5
Analysis of net assets between funds- Current year
Unrestritted
funds
2023
fund$
2023
CU￿ent a55ets
687.977
687,977
Total
687.977
687,977
Analysis of net klSSets between funds- prior year
Opjresli'icfed
Total
2022
2022
Current assets
480, 195
J80. 19i
Total
480, 195
n.19i
Page 14

Del#mere Dairy Found#tLOll
Notes to the Fin#nci#l Statements
For the yeur ended 31 Decembvr 2023
13.
Related party transactions
Donations totalling £210,445 were received from Delamere Dairy Limited, a company that has common directors
with the charity.
Page 15