CHARITY REGISTRATION NUMBER: 1199097
The Dian Plant Animal Charity CIO Unaudited Financial Statements
5 April 2025
NUVO ACCOUNTANCY LIMITED
Rawdon House Rawdon Terrace Ashby de la zouch Leicestershire LE65 2GN
The Dian Plant Animal Charity CIO
Financial Statements
Year ended 5 April 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of assets and liabilities | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 |
Page 1
The Dian Plant Animal Charity CIO
Trustees' Annual Report
Year ended 5 April 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2025.
Reference and administrative details
Registered charity name The Dian Plant Animal Charity CIO Charity registration number 1199097 Principal office Lilac Cottage Oldcastle Malpas SY14 7AG
The trustees
Bryan Hallows Michael-John Lea Parkin Nadine Page Independent examiner Daniel Johnson FCCA
Structure, governance and management
The charity was registered as a Charitable Incorporated Organisation (CIO) on 26 May 2022 and is governed by a constitution of the same date.
Trustees are legally responsible for the governance and management of the charity.
Objectives and activities
The objects of the charity are specifically restricted to the promotion of such charitable purposes for the public benefit as the trustees shall think fit, but not limited to the advancement of animal welfare and such other purposes recognised from time to time by law as charitable.
Achievements and performance
Up until 5 October 2023, the charity was dormant. On that date, under an Asset Transfer Agreement, the assets of The Dian Plant Animal Charity (charity number 1184084) were transferred to this CIO.
The charity continues to fund the care of the horses in accordance with the wishes of the Late Mrs Dian Plant. The trustees can also award donations to UK registered charities in the field of animal welfare.
Financial review
The main source of annual income for the charity, was the rental of land and premises to Gordon Plant (Services) Limited.
Funds which are not required for immediate use (including those which will be required for use at a future date) must be placed on deposit or invested until needed.
Page 2
The Dian Plant Animal Charity CIO
Trustees' Annual Report (continued)
Year ended 5 April 2025
Financial review (continued)
The Trustees have considered the need for a reserves policy. It would ensure they have sufficient funds earmarked for the horses and also enable them to clearly identify the surplus that they can use as distributable funds. When the reserves policy was set, there were nine horses to care for at a cost of roughly £100,000 a year, and the average lifespan was 14 years. It was agreed that £1.5m should be set aside for their care. This should be reviewed annually. As time goes by, the amount needed is likely to go down. Anything over and above the £1.5m reserve can be distributed. At the period end there were 2 horses being cared for.
The trustees' annual report was approved on 24 February 2026 and signed on behalf of the board of trustees by:
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Bryan Hallows
Trustee
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Page 3
The Dian Plant Animal Charity CIO
Independent Examiner's Report to the Trustees of The Dian Plant Animal Charity CIO
Year ended 5 April 2025
I report to the trustees on my examination of the financial statements of The Dian Plant Animal Charity CIO ('the charity') for the year ended 5 April 2025.
Responsibilities 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 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; 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 is 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 accounts to be reached.
� ����� � � �� ����������������� �� ��� ��� � � �� �� � ������������ ������ Daniel Johnson FCCA Independent Examiner
Nuvo Accountancy Limited Rawdon House Rawdon Terrace Ashby de la Zouch Leicestershire LE65 2GN
Page 4
The Dian Plant Animal Charity CIO
Statement of Financial Activities
Year ended 5 April 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Investment income | 4 | 83,669 | – | 83,669 | 40,989 |
| Other income | 5 | – | – | – | 3,826,495 |
| �������� | ���� | �������� | ������������ | ||
| Total income | 83,669 | – | 83,669 | 3,867,484 | |
| �������� | ���� | �������� | ������������ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 6,7 | 64,038 | – | 64,038 | 37,087 |
| �������� | ���� | �������� | ������������ | ||
| Total expenditure | 64,038 | – | 64,038 | 37,087 | |
| �������� | ���� | �������� | ������������ | ||
| Net gains on investments | 10 | – | 235,000 | 235,000 | – |
| �������� | ��������� | ��������� | ������������ | ||
| Net income and net movement in funds | 19,631 | 235,000 | 254,631 | 3,830,397 | |
| �������� | ��������� | ��������� | ������������ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 12,104 | 3,818,293 | 3,830,397 | – | |
| �������� | ������������ | ������������ | ������������ | ||
| Total funds carried forward | 31,735 | 4,053,293 | 4,085,028 | 3,830,397 | |
| �������� | ������������ | ������������ | ������������ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
Page 5
The Dian Plant Animal Charity CIO
Statement of Assets and Liabilities
5 April 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Investments | 14 | 825,000 | 590,000 | ||
| Current assets | |||||
| Cash at bank and in hand | 3,263,572 | 3,242,221 | |||
| Creditors: amounts falling due within | |||||
| one year | 15 | 3,544 | 1,824 | ||
| ������������ | ������������ | ||||
| Net current assets | 3,260,028 | 3,240,397 | |||
| ������������ | ������������ | ||||
| Total assets less current liabilities | 4,085,028 | 3,830,397 | |||
| ������������ | ������������ | ||||
| Net assets | 4,085,028 | 3,830,397 | |||
| ������������ | ������������ | ||||
| Funds of the charity | |||||
| Endowment funds | 4,053,293 | 3,818,293 | |||
| Unrestricted funds | 31,735 | 12,104 | |||
| ������������ | ������������ | ||||
| Total charity funds | 16 | 4,085,028 | 3,830,397 | ||
| ������������ | ������������ |
These financial statements were approved by the board of trustees and authorised for issue on 24 February 2026, and are signed on behalf of the board by:
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Bryan Hallows Trustee
The notes on pages 7 to 12 form part of these financial statements.
Page 6
The Dian Plant Animal Charity CIO
Statement of Cash Flows
Year ended 5 April 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 254,631 | 3,830,397 |
| Adjustments for: | ||
| Net gains on investments | (235,000) | – |
| Dividends, interest and rents from investments | (83,669) | (40,989) |
| Accrued expenses | 1,720 | 1,824 |
| ��������� | ������������ | |
| Cash generated from operations | (62,318) | 3,791,232 |
| �������� | ������������ | |
| Net cash (used in)/from operating activities | (62,318) | 3,791,232 |
| �������� | ������������ | |
| Cash flows from investing activities | ||
| Dividends, interest and rents from investments | 83,669 | 40,989 |
| Purchases of other investments | – | (590,000) |
| �������� | ������������ | |
| Net cash from/(used in) investing activities | 83,669 | (549,011) |
| �������� | ������������ | |
| Net increase in cash and cash equivalents | 21,351 | 3,242,221 |
| Cash and cash equivalents at beginning of year | 3,242,221 | – |
| ������������ | ������������ | |
| Cash and cash equivalents at end of year | 3,263,572 ������������ |
3,242,221 ������������ |
The notes on pages 7 to 12 form part of these financial statements.
Page 7
The Dian Plant Animal Charity CIO
Notes to the Financial Statements
Year ended 5 April 2025
1. General information
The charity is a public benefit entity and a registered Charitable Incorporated Organisation in England and Wales. The address of the principal office is Lilac Cottage, Oldcastle, Malpas, SY14 7AG.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102)(Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Gross income
In December 2017, the Charity Commission for England and Wales issued guidance note CC32, "Independent examination of charity accounts: Directions and guidance for examiners". This guidance states that "gross income is the total income as shown in the SoFA prepared in accordance with the applicable SORP but excludes the receipt of any endowment". This guidance has been taken into account in deciding that the charity's income is below the audit threshold and that therefore an independent examination is is applicable. The income received of £3,826,495 represents the transfer of assets from the Dian Plant Animal Charity (note 5).
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
Going concern
The Trustees have considered the charity's ability to continue as a going concern. The charity has sufficient cash resources to fund the care and welfare of the horses for the next 12 months. As such, the Trustees have taken a reasoned view that the charity will continue as a going concern.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Page 8
The Dian Plant Animal Charity CIO
Notes to the Financial Statements (continued)
Year ended 5 April 2025
3. Accounting policies (continued)
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apprortioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Investment property
The investment property was initially recorded at its market value.
4. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Income from investment properties | 83,669 | 83,669 | 40,989 | 40,989 | |
| �������� | �������� | �������� | �������� | ||
| 5. | Other income | ||||
| Unrestricted | Endowment | Total Funds | |||
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Transfer of assets from The Dian Plant | Animal Charity | – | – | – | |
| ���� | ���� | ���� |
Page 9
The Dian Plant Animal Charity CIO
Notes to the Financial Statements (continued)
Year ended 5 April 2025
5. Other income (continued)
| Unrestricted | Endowment | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Transfer of assets from The Dian Plant Animal Charity | 8,202 | 3,818,293 | 3,826,495 |
| ������� | ������������ | ������������ |
Under an Asset Transfer Agreement dated 5 October 2023, all of the assets, liabilities and undertakings were transferred from The Dian Plant Animal Charity.
6. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Animal care | 35,224 | 35,224 | 27,599 | 27,599 |
| Donations to animal charities | 2,500 | 2,500 | – | – |
| Support costs | 26,314 | 26,314 | 9,488 | 9,488 |
| �������� | �������� | �������� | �������� | |
| 64,038 | 64,038 | 37,087 | 37,087 | |
| �������� | �������� | �������� | �������� |
7. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding | Total funds | Total fund | ||
| directly | of activities | Support costs | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Animal care | 35,224 | – | – | 35,224 | 27,599 |
| Donations to animal | |||||
| charities | – | 2,500 | – | 2,500 | – |
| Governance costs | – | – | 26,314 | 26,314 | 9,488 |
| �������� | ������� | �������� | �������� | �������� | |
| 35,224 | 2,500 | 26,314 | 64,038 | 37,087 | |
| �������� | ������� | �������� | �������� | �������� |
8. Analysis of support costs
| Analysis of | |||
|---|---|---|---|
| support costs | |||
| activity 1 | Total 2025 | Total 2024 | |
| £ | £ | £ | |
| Governance costs | 26,314 | 26,314 | 9,488 |
| �������� | �������� | ������� | |
| Analysis of grants | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Grants to institutions | |||
| The Cotswolds Dogs and Cats Home | 2,500 | – | |
| ������� | ���� | ||
| Total grants | 2,500 | – | |
| ������� | ���� |
9. Analysis of grants
Page 10
The Dian Plant Animal Charity CIO
Notes to the Financial Statements (continued)
Year ended 5 April 2025
10. Net gains on investments
| Endowment | Total Funds | Endowment | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Gains/(losses) on investment property | 235,000 | 235,000 | – | – |
| ��������� | ��������� | ���� | ���� | |
| Independent examination fees | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 1,836 | 1,824 | ||
| ������� | ������� |
11. Independent examination fees
12. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
13. Trustee remuneration and expenses
During the period, the trustees did not receive any emoluments.
During the period, one of the Trustees claimed expenses of £390 for travelling costs incurred in visiting the horses. No other expense claims have been made.
14. Investments
| Investment | |
|---|---|
| properties | |
| £ | |
| Cost or valuation | |
| At 6 April 2024 | 590,000 |
| Additions | – |
| Fair value movements | 235,000 |
| ��������� | |
| At 5 April 2025 | 825,000 |
| ��������� | |
| Impairment | |
| At 6 April 2024 and 5 April 2025 | |
| Carrying amount | |
| At 5 April 2025 | 825,000 |
| ��������� | |
| At 5 April 2024 | 590,000 |
| ��������� |
All investments shown above are held at valuation.
Page 11
The Dian Plant Animal Charity CIO
Notes to the Financial Statements (continued)
Year ended 5 April 2025
14. Investments (continued)
Investment properties
The investment property consists of offices, car parking and other land situated at Whitchurch Road, Newhall, Nantwich CW5 8DN.
The beneficial interest in the property was transferred from The Dian Plant Charity (CIO) under the Asset Transfer dated 5 October 2023.
The valuation was prepared in January 2026 by John C Downie BSc (Hons) MRICS and Fraser H W Crewe MRICS of BA Commercial, 2 Friarsgate, Grosvenor Street, Chester, CH1 1XG, who are independent valuers. The basis of valuation was in accordance with the RICS Valuation Global Standards, being "the estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm's length transaction after proper marketing and where the parties had each acted knowledgeable, prudently and without compulsion".
15. Creditors: amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 3,544 | 1,824 |
| ������� | ������� |
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | Gains and | At | |||
| 6 April 2024 | Income | Expenditure | losses | 5 April 2025 | |
| £ | £ | £ | £ | £ | |
| General funds | 12,104 | 83,669 | (64,038) | – | 31,735 |
| �������� | �������� | �������� | ���� | �������� | |
| At | Gains and | At | |||
| 6 April 2023 | Income | Expenditure | losses | 5 April 2024 | |
| £ | £ | £ | £ | £ | |
| General funds | – | 49,191 | (37,087) | – | 12,104 |
| ���� | �������� | �������� | ���� | �������� | |
| Endowment funds | |||||
| At | Gains and | At | |||
| 6 April 2024 | Income | Expenditure | losses | 5 April 2025 | |
| £ | £ | £ | £ | £ | |
| Expendable Endowment | |||||
| Fund | 3,818,293 | – | – | 235,000 | 4,053,293 |
| ������������ | ���� | ���� | ��������� | ������������ | |
| At | Gains and | At | |||
| 6 April 2023 | Income | Expenditure | losses | 5 April 2024 | |
| £ | £ | £ | £ | £ | |
| Expendable Endowment | |||||
| Fund | – | 3,818,293 | – | – | 3,818,293 |
| ���� | ������������ | ���� | ���� | ������������ |
Page 12
The Dian Plant Animal Charity CIO
Notes to the Financial Statements (continued)
Year ended 5 April 2025
17. Analysis of net assets between funds
| Unrestricted | Endowment | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Tangible fixed assets | – | 825,000 | 825,000 | |
| Current assets | 35,279 | 3,228,293 | 3,263,572 | |
| Creditors less than 1 year | (3,544) | – | (3,544) | |
| �������� | ������������ | ������������ | ||
| Net assets | 31,735 | 4,053,293 | 4,085,028 | |
| �������� | ������������ | ������������ | ||
| Unrestricted | Endowment | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Tangible fixed assets | – | 590,000 | 590,000 | |
| Current assets | 13,928 | 3,228,293 | 3,242,221 | |
| Creditors less than 1 year | (1,824) | – | (1,824) | |
| �������� | ������������ | ������������ | ||
| Net assets | 12,104 | 3,818,293 | 3,830,397 | |
| �������� | ������������ | ������������ | ||
| 18. | Analysis of changes in net debt | |||
| At | ||||
| At 6 April 2024 | Cash flows | 5 April 2025 | ||
| £ | £ | £ | ||
| Cash at bank and in hand | 3,242,221 ������������ |
21,351 �������� |
3,263,572 ������������ |