2023-12-31-accounts

	Page
Trustees’ annual report	1
Independent auditor's report to the members	6
Statementoffinancial activities	10
Statementoffinancial position	11
Statement ofcash flows	12
Notes to the financial statements	13

		2023	2023	2022
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	4	293,987	293,987	618,146
Investment income	5	255,567	255,567	226,347
Total income		549554	549554	844,493
Expenditure
Expenditure on raising funds:
Investment management costs	6	31,396	31,396	31,184
Expenditure on charitable activities	7,8	560,820	560,820	450,622
Total expenditure		592.216	592,216	481,806
Net gains/(losses) on investments	10	(527,512)	(527,512)	906,247
Net income/(expenditure) and net movementin funds		484,850	484,850	(543,560)
Reconciliation offunds
Total funds brought forward		10,398,818	10,398,818	10,942,378
Total funds carried forward		10,883,668	10,883,668	10,398,818

		2023	2022
	Note	£	£
Fixed assets
Tangible fixed assets	15	98,179	95,549
Investments	16	10,240,159	9,473,606
		10,298,338	9,529,155
Current assets
Debtors	17	358,966	584,187
Cash at bank and in hand		284,491	330,187
		643,457	914,374
Creditors: amounts falling due within one year	18	98,127	44,711
Net current assets		985,330	869,663
Total assets less currentliabilities		10,883,668	10,398,818
Net assets		10,883,668	10,398,818
Fundsofthe charity
Unrestricted funds		10,883,668	10,398,818
Total charityfunds	19	10,883,668	10,398,818

	2023	2022
	£	£
Cash flows from operating activities Net income/(expenditure)	484,850	(543,560)
Adjustments for: Depreciation oftangible fixed assets Net gains/(losses) on investments Dividends, interest and rents from investments Accrued (income)/expenses	6,628 (527,512) (255,567) (4,088)	6,255 906,289 (226,347) 8,375
Changesin: Trade and other debtors Trade and other creditors	225,221 17,504	(278,419) 25,801
Cash generated from operations	(52,964)	(101,606)
Net cash usedin operating activities	(52,964)	(101,606)
Cashflows from investing activities Dividends, interest and rents from investments Purchase oftangible assets Purchases ofother investments Proceeds from sale ofother investments		226,347 (1,875) (1,032,571) 793,194
Net cash from/(usedin) investing activities		(14,905)
Net decrease in cash and cash equivalents Cash and cash equivalents at beginning ofyear		(116,511) 446,698
Cash and cash equivalents at end ofyear		330,187

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
	£	£	£	£
Donations
Donations	71,097	71,097	71,055	71,055
Legacies
Legacies	222,890	222,890	547,091	547,091
	293,987	293,987	618,146	618,146

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
	£	£	£	£
Dividends	222,066	222,066	175,713	175,713
Interest	33,501	33,501	50,634	50,634
	255,567	255,567	226,347	226,347

			Unrestricted	Total	Funds	Unrestricted	Total	Funds
			Funds		2023	Funds		2022
			£		£	£		£
Investment	broker	fees	31,396		31,396	31,184		31,184

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
Charitable activities		416,546	416,546	308,639	308,639
Support costs		144,274	144,274	141,983	141,983
		560,820	560,820	450,622	450,622
Expenditure on charitable activities		by activitytype
	Activities
	undertaken	Grant funding	Support	Total funds	Total fund
	directly	ofactivities	costs	2023	2022
	£	£	£	£	£
Charitable activities	244,190	172,356	-	416,546	308,639
Governance costs	—	—	144,274	144,274	141,983
	244,190	172,356	144,274	560,820	450,622
Analysis ofgrants
				2023	2022
				£
Grants to institutions
Neutering & vaccinations				65,004	46,242
Spanish dogs				73,352	56,498
Otherinstitutions				34,000	19,404
				172,356	122,144
Total grants				172,356	122,144

	Unrestricted	Total	Funds	Unrestricted	Total Funds
	Funds		2023	Funds	2022
	£		£	£	£
Unrealised Gains/(losses) on listed investments	802,532	802532		(1,027,391)	(1,027,391)
Realised Gains/(losses) on listed investments	(275,020)	(275,020)		121,144	121,144
	527,512	527,512		(906,247)	(906,247)
Net income/(expenditure)
Net income/(expenditure) is stated after	charging/(crediting):
				2023	2022
Depreciation oftangible fixed assets				6,628	6,255

2023	2022
£	£
6,550	6,360

2023 2022	2023 2022
£	£
Wagesandsalaries 76,456 83,033
The average head count ofemployees during the yearwas 4 (2022: 4).
No employee received employee benefits ofmore than £60,000 during the year (2022: Nil).
Trustee remuneration and expenses
Mrs C E Cuff is authorised to receive £40,000 per annumin lieu of rent under Section 105	of the
CharitiesAct 2011, in her capacity as the sole life tenant of the Bernard Cuff Will Trust, the		—
trustees of which are the freeholders of Pine Ridge Farm. No amounts were outstanding	at the
year end.

	Plant and	Fixtures and
	machinery	fittings
	£	£
Cost
At 1 January 2023	275,566	981,245
Additions	9,258
At 31 December2023	284,824	981,245
Depreciation
At 1 January 2023
Chargeforthe year
At 31 December2023
Carrying amount
At 31 December2023
At 31 December 2022

	Listed	Investment
	investments	properties	Total
	£	£	£
Cost orvaluation
At 1 January 2023	8,848,606	625,000	9,473,606
Additions	534,110	-	534,110
Disposals	(295,069)	-	(295,069)
Fairvalue movements	527,512	—	527,512
At 31 December2023	9,615,159	625,000	10,240,159
Impairment
At 1 January 2023 and 31 December2023			_
Carrying amount
At 31 December2023	9,615,159	625,000	10,240,159
At 31 December 2022	8,848,606	625,000	9,473,606

	2023	2022
	£	£
Prepayments and accrued income	1,909	100
Other debtors	357,057	584,087
	358,966	584,187

	2023	2022
	£	£
Trade creditors	8,034	7,533
Accruals and deferred income	12,085	16,173
Social security and othertaxes	2,409	4,611
Othercreditors	35,599	16,394
	98,127	44,711