CLA Charftabl• Trust Aeeounts Ct* I CHAPITAOLE I TRUST CLACHARITA8LETRU8T TRU8TEE3' REPORT, INDEpeNDENT EXAMINER'8 REPORT AND PINANCIAL 8TATEMENT8 YEAR ENDED 30 NOVEMBER 2024 CHARITY REGISTRATION NUMBER280264 IIPage CMlthRIYA•LI THiJST CLA Charftabl• Trust Accounts Contsnts Page Offlcers and Advlsors Chair of Tru$t8&$ Report Trustee's Raport statémant of thè Rasponslbllltles of the Trustees Independent Examinerfs Report 8tatemant of Flnanaal Activltlos 10 Balano) She•t Notes to the Flnandal Statsmant$ 12 21Pa8e ¢H4RifArtÈ YMU5T CLA Charltabl• Trust A¢¢ounts Trust•M: Brfdget Bl(kl811 (Chalr) Rot4n W Clarke Jane Lane Roger Dougl88 Glle8 Bowrfng Corollne Wb&on Tossq Berddgg Hannah Conno B9n Monk Charfty Reglsl•rnd numb•r: 280284 Bank•rs: The Royal Bank ofScOt￿nd 8243 Tttreadne&Je Str88t London EC2R 8LA Reglst•r•d Offlc•'. 18 BelJrnv8 Square London 8W1X 8PQ Ind•p•nd•nt Ex•mln•r. cro￿ U.K. LLP Charterod Accountants Black Country Hou80 Round8 Greon Road Oklbury 869 2DG Inv•stm•nt Manag•rn: Ralhbone Investrnont Man8g•m8nt Llnstsd 8 Fln8bury Circus Lon(lon EC2M 7AZ ¢HAk17A8LE YAusr CLA Charltabl• Trust Accounts ChaiVs Report for tha year •ndlng 30th November 2024 Looking back over the last year I feel a real sense of achlevement. The addttlon to the Board of three new Trustees has undoubtably 8lven us new enthuslasm and Impetus to reffleC( and adjust on our alms and processes. It h85 been an exdtln& challen8lng and very enloyable year. The core mission of the CLA Charftable Trust Is to enable the countryside to provlde a place of nurture and educatlon for people who wlll beneflt most from It but are least able to access It. Today* there Is an awakenlng of the Importance and value of thls. The everfjrowln8 mental health crlsls rnean5 there Is an even greater need forthe servlc4s and care from the charltles and or8anlsatl¢Ms that we support at the CL4 Charltable Trust. I want to extend spedal thanks to the remarkable charltles we fund. You are at the heart of our purpose. whether supportlng mental heahth, rural educatlon, acce55 to the country51de, or communlty Inltlatlves, your work tran51orm5 Ilves. We applaud your dedlcatlon and are 50 proud to stand behlnd you. We contlnue to be oversubscrlbed wlth appllcatlons forgfants, thls year minaglng to support approximatelv one thlrd of the grants applled for. We asplre to grow our 8lvin8 Potenllal and provlde more one-off support to Indlvidual thadtle& Green prescrlbin& and the unbellevably nurturlng beneflts of the countryslde. wlll mean that the domand wlll conlinue to 8row. Glvlng multlyearfundlng has blg beneflts, so we have contlnued to support and follow the work of four key charltles, And as a flrst thls year, we have supported an apprentlce worklng at one of the four, Thls, and the elght scholarshlps we have made to Harper Ad4ms and Aberystwyth univers1￿e$ have *ormed a very clear port of our educatlonal alms. Wlth the ever4ncreasln£ need to retaln maxlmum effect￿ene$S, we have begun work on a monltorfn& evaluation and leamlng pro8ram, to ensure we are as impa¢rful as we Can be, this wlll 8ulde us In ourtuture declslons. To be effeL1fve we must contlnue to make best use of our Tesources and Increase our grant makln8. We must demonstrate the value of the nurturSn8 power of the Countryside. I wlsh to extend my $4ncere thanks to myfellow trustees. Your skllls, knowledge and dedlcatlon through a full- on year has ensured the Trust contlnue5 to grow In both strength and reach. To our donors- thank you. Your support is the cornerstone of our ablllty to make a dlfferEnce. Every contributlon helps u5 fund vital projert5 that would otherwlse 80 unreallsed. Your support for the Trust15 empow•rlng and encouraglng, I would like tothank the CLA officers, staff and members for thelr genulne enthuslasm, Interest and omrnltment In Jupportlng the TruJt ind pravldlni the admlniytrative Jupport and the opportunlty for wlder communlcatlon. d a much improved y8ar.' from December 2023 to November 2024, the portlollo produ(*d returns of 7.3%, compared to thé bénehmark of 5.5% and the FTSE All Share of 3.6°h. 71page CLA Charitabl• Trust Accounts c*AI TAUST TrUSTEE'S RESPONSIBIUTIES IN RELATION TO THE FINANCIAL STATEMENTS The Truslees are responsible for preparing the Trusiees, r8POrt and the financial slatements in ac￿rdanc4 ￿th applicable law and United Kingdom Accounting Standards (UnRed Klngdom Generalty A￿ePted Accijunling PractiC8.) The law applicablo lo charities in England and Wales requires Trustees to prepare financial statements for each financlal year which give a true and fair view of the slate of affairs of tha Trust and of tha incoming r•sources and application of resources of the TnJ$t for that period. In preparlng th•se financlal statements, the tDJstees are required to., select sultable accountkng polI￿e$ and apply them consistently obseNe tha methods and prinaples of tho Charities 8talem6nl ol Recommended Practic6 mako judg•menls and estimales that are reag)nable and prudént stale whether appliGable accounting standards have been follow8d. sublact lo ary departures dlsc108ed and explained in the financial stslemenl$', and., prepare the ftn8ncial statements on the golng conc•m basls, unless It 1$ Inappropriate to presume that the Trust ￿11 conunue In operatlon The Trustees are responsible lor keeping propor accounting records that disclose, w7th reasonable accuracy at any lime, tho financial position of the Trust and enabl8 them to ensure that tho financAal slatemenls comply with thè Charities Acl 2011 and thé provisions of the Trust Deed. They are also responslble for saleouardSng the assets of the Tnjst and hence for l£klng reasonable steps for the pr8v8ntlon and detection of fraud and oth•r irragularitiés. The Trusteés are rnsponsible for the malntenance and Integrtty of the TNst and the finandal Information induded on the wobirte. Thls report was appmved by the Trustees on 1P June 2025 and signed on th•ir behabf by.. 4d Brldget Bldd811 MA MRICS DL Chair of Tru•t••• CLA Charltablg Trust Ac¢ounts c￿1 CHAR￿￿LI TRU51 Independent ExamIne￿8 Report to th• Trusteès of CLA Charftable Tru•t I report to the trustses on my axaminatlon of the accounts of CLA Charitable Trust (the tharty) for th6 year ended 30 Novembor 2024, thich are s•t out on pag•s 10 10 16. This report is mad8 solely lo the charity's trustees, as a body, in accordance wlh sedion 154 of Ihe Ch8ritl8s Ac* 2011. My independent examinerfs work has been undertaken so that I might state to the charity's trustees those matters l am required lo slate to them In an independent examinerfs report and lor no other purpose. To the fullest extent pemiitled by law, I do not accept or assume responsibility to anyone other than thé charity, the charity's members as a boty and tho charity's Irust88s as a body for my indèpéndént 8xaminerfs work, for this report, or for the opinions I have lomed. Re8pon8lbllltlo• and ba•1• of r•port As the charfty trtJste&s of tha Trust you are re¥)onslble for tho preparation of the a¢¢ounts In ac¢ordan th the requirements of the Charities Act 2011 {'Ihe Act,). I report In respect of my 8xamSnatlon of tha Trust'8 accounts carfed out undor sactlon 145 of tha 2011 Act and In carying out my 8x8mlnallon I havo followed 811 Ihe appllcable Dlrectlon$ given ty thé Chadty Commlsslon und•r $¢ctlon 145(5){b) of th? Act. Inde￿nd•nt •xamln•rf• •tat•m•nt I have completed my oxamination. I confirm that no material m8tter$ have come to my attention in connection with tho examination giving me c8use to balieva that in any materi81 f•spect.' 1. accounUng records woro not kept in rospect of th• Trust ag réquired by soction 130 of th• Ad; or 2. the aC￿un￿ do not accord wllh those records., or 3. the accounts do Dot comply ￿th the applicablè requlr•mènl¥ conceminG the forn and content ol accounts sél out In the Charities {AceountS and Report31 Regulations 2008 other than any requirement that thé accounts gNe a Irué and fAir' view thich is not 8 matter considéred 83 part of an iidèp8nd&nt 8xamKiath)n. I have no COn￿rnS 8nd hav• como 4cros8 no other matters in COMeCti¢n with tha Oxamination to vknlch attent￿n should b& dr￿ in this roport In ordar to enable a proper undérstanding of tha accounts to ba rnached. Helen Blund•ll LLB FCA FCIE DChA Crowe U.K, LLP Chartered Accountsnt$ Bl8d( Couftlry House Rounds Green Road Oldbury B69 2DG Dale I l August 2025 CLA Charftabl• Trust Accounts ckni CIIABITABLI 'TIU5Y CLA CHARITABLE TRUST ACCOUNT8 STATEMENT OF FINANCL4LACTNITIES Y•v •nd•d: 30 Nov•rnb•r 2024 Unrertrlrt Funds 2024 Total Funds 2024 Total Funds 2023 Nrt• Incom• from: Dornllor LegadeB Othr- Degj of CovenartJGIft 186.507 10,000 1,067 197.574 io,c L067 197,574 161970 976 353 818 Inv••bn•nl• 15,222 15,222 10,055 Tot•1 Incom• 212,7% 211790 363,873 xp•ndl￿r•On. Ralslng Funds Charltsble ActlvStles 16,8671 1248,3381 16,8671 1248,3381 { 4,239) 1267,696 J Totsl Expendlture 1255,2051 1255,205 (271935 J N•t IncOmdlExp•nd*￿Fo) 42,409 91,938 Oth•r R•ccQn￿*1 Qakn•llLo•M•l GalrfjllLo988BI on i￿estme￿$ 33,952 33,952 N•t Mov•m•nt In Funds 18,4571 114571 81,338 Roconclll•tlon ol fund•: Totsl funds broulht forward 495,203 495,203 413,865 Totsl funds c•rrS•d lorw•rd 486,746 484746 495,203 Th• not•1 on pii•i 12 to 17 form p•rt of th•1• ffin•ncl•l rt•l•m•ntf IOIPa8e HARITABLE TRUST CLA Charitable Trust Accounts CLA cHAR￿ABLE TRUST ACCOUNTS LANCE SHE Asat*November2024 2033 Note Fixed A55et5: Investmpnts 471.IY)4 488,452 Curront A55el5'. Debtor5 and Prepayrnents Cash at Bank 12,993 14,671 14.096 28.767 24,918 Cr•dbtors du• wtthln on• y••r: 21016 Net Current A55ets 17,315 6.751 TOTAL NET ASSET5 495,203 FUND Unrestricted Fund 488.319 495.203 The notes on pages 12 to 16 fom part of these fSnanclal statements. The f5nantlal statements were akwroved by the 8oard of Tru5tses on 17 June 2025 and were $5Rned on Its behalf by.. Bridget Bidde11 W MRICS DL IT of Tru5tee5 C?ihRIThBIE TRUST CLA Charltabla Tru•t Accounts CLA aiARrrABLI TRUST ACCOUNTS BALANCES+IEEr It￿N¢¥•￿b•rxll4 2Q23 Not• Inve5trnentS 47LIJ04 488.4S2 Curr•nt Aw•ts: Oebtors and Pr•pyrnnts Cjsh it B•nk 11993 11.9Z5 24918 14.6n 14096 28,767 (Mdltori du• wlthln on• y••r: 016 N•t Curr•nt AM•ti 17J15 751 TOTAL piÉr ASSÈTS FUND Unr¢itrfrt•d Fund The not•s on paBes 12 to 16trm p•rt of those finardal ststements. The flnin¢l•l ststements w•r• appro¥•d ty the 8o•rd of TnMtse$ 17 June 2025 and ￿1rn jlined on Its b•hglf by. Brtdget 11 MA MRIC5 DL IIIPage CHAPtTAtslf TRLIST CLA Charltabl• Trust Accounts NOTES TO THE FINANCIAL STATEMENTS 1. G•n•ral Inlom)atlon Th8 CLA Charitabl8 TrLL%t is a rogistered charty Icharfty r￿Stered number 280264) ￿1th the Charity COM￿$S1on in England ar#J Wa￿. The rfrJ18twed offic018 16 8&lgrav8 Squaie. London SW1X 8PQ. 2. Accountlng poIIGle¥ 2.1 Bails of prnp•ratlon olflnancl•l stat•m•nts Th8 fflnancl818latem•nts havo teen wopar•(I In a¢Mrd8n¢6 tho Charltlos SORP IFRS 102) (s8cond edlllon Octob8r 2019 A￿OUntIn9 and R8POrtlng by Charities". St8tem8nt of Recommended Practlce gFvlcabb to ¢harltlos preparlng thelr accounts In ￿￿ordance wlth the Flnandal ReFQrtlng Standard appllcatlo In th• UK and Ropubllc of Ireland (FRS 102), A¥o0ts gnd liobllrtS888r8 Inltlalty rocognlsed at hlstorlcal cost or transactlon value U￿8$8 OtheTr4188 •tal•d In the robvant 8ccounlng polcy. The wesentauonal ¢urron¢y of t￿ Tru8t18 Stsrlng and tho flnan¢lal ¥tst8m8nts have been rounded to thé noar88t wholo numb8r. The olgnlflcBrrt accountlng polcl88 apF45•l In thé pr8par8llon of those ffnancSal 8talemgnlB ar& 88t out below. These poliLi8s havo bggn Con￿st8n1￿ 8pp￿•1 to all yoar8 pres8nt8d un1088 Othe￿￿• slatsd. The CLA Charftable Trust rngets the dofinllon of a publc bengfft entlty under FRs1￿2. 2.2 Golng conc•rn Al the tlmo of approving tho fimndal 8tat8trnnts, the Trustees havo a r•ason8bl8 exp8Glatlon that the Tiust has adequote resour￿$ to contSnue In oF4ratlonal exkBlence for the fore688able future and Ihat thero are no matgrlal unc8rt81nlle8 about Its atrAIty lo conlnuo. Thusthg TTuslee8 conllnue to 8dDptthe golng concorn bag18 of a￿Ount1￿ In preparfngth• fin8nd81 Ilatgments. 2.3 Incomlng resou￿ All Income15 recconlsed once th8 Charfta￿o Trust has entttlement to thg Sncomtr and St18 probat40 that the Incomg will be re￿1V￿, and th6 amount of Incomg feceNablo can be m8a8ured relably. other (k)natlons arg Inclwjgd wrthln Incom when these are receW. If there are condlUon8 attached to the donation{81 that r4ulre a level of pfrrf0￿nanCe before enlltlemenl can be 0￿0•ned. the Inoomg18 dgfgrr8d unlll those cOnd￿lOn8 aro fully met or the luhlllmgnl of those condltton$ 16 thln the contrc4 olthe CharltatrA8 Trust, and ￿ is wobable that they wlll bo fulfilled. 14 R•wur¢•s •xp•nd•d All 8xpenditUfe18 ac¢ounted for on an accrua18 ba818. Expendilurg 15 recognlsed once there is a18gal QT Co￿truCtIve obligHtion to transfgl econonwc tengfft to a third paty and il is probable that a transfer of gcononiG bgngfi15 be required in 8ettlem8nt and the amount of the ob1gal￿n c•n be ￿aSured ieliably. 121Pa8e CHARITAVLI TkUST CLA Charltablg Trust Ae¢¢unts ZS Costs of g•n•ratlng fvnds ExFendtture on ralsing fiJnd8 Includes all expandtture Incurred by the Charftablè Trust to rat88 fuTras for Its charilablg purpose ond In¢lud88 Costs of fundraisina actNiti8s and 8v8nts and investm8nt nager costs. 2.8 Ch•rltAbl• A¢tlvlll•s Expenditure on charitablo artth*tti$g18 incurr8d on direclly UNIerta￿ing the aththe8 which further the Charitabl8 Trust's objecllves, a5 well as any 8ssod8ted 8UPPOrt costs. Th18 Includes Grants made by Ihg Trust, Scholarshlkw pald to scholats 8t Hafper Unfverslty and Abery8twyth Unlver81ty arml an appropriate propo￿OTr of ovèrheads. All expondllur81s inclu8f4e of ITrecovgTabl8 VAT. Grants pAyat48 to olge￿88￿0n8 are wllhln th• chodtsbl• ot4ectlves of the TfU6t. Vlhère uncond6tlonal grants aio offered, th181s accru￿ 88 800n as the TedF4gnt 18 nolfled of the 9ranl, 96 th18 gfves rise lo a reasonoble oxp&¢totlon thot thè reCI￿ont wll ieceNe the grants. 2.7 Flx•d as••t Inv••tm•nts Flxed A680ts Invthnents 8re a lomi of ba8tc Ilnandgl In8trurnent8 8nd are Inltlally Tecognl$ed at thalr Iransactlon valug and subsequ9ntly tMasur8d at f81r value uslro the closlrwJ quoted mafket value. All galn8 and1088e8 are accounted In th• atat8rnnt of Flnandal Athltles {SOFA) when they arlse. Tho Charftable Trust do88 r￿t hav• holdlng$ In complex financlal Inv8¥tmgnt•. 2.8 Fund •ccountlng General funds ar6 unre8trfd8d fund5 whlch arg avallabl8 for use at th8 dlscretlon of th¢ TNstO88 n furth8r8nce of the gener81 oblectlves aTra whlch hovg not bgen dèslgnated for other purp0588. There have been no restrlcled funds in thè lasttsvo years, 48 donors have m4do voluntary donatlons wlth no obllgaUon3 or rgstrlctlon• on th• Charltablo Trust. 2.9 Flnanclal InJtrnm•nts The charfty holds cfflly finundal 888et8 and flnandal NabillUfjB ol a Wnd that qualfy as bas1¢ finandal In$trumonts. Ba81c flnanclal Instruments inGlude debtors and credltor8. Debtors and cr8dttor8 are Inltialty 10CC*Jnls8d at tr8n8actlon value and ¥ubsequgntly mBgsured at Ihoir 8ottlemgnl value. 2.10 Judgom•nts and k•y sourc•s of •sllm•fjon unc•rt•lnty Estimat85 and judgements are contlnualty evaluatsd and are based on N8torfc&l experlence and other factors thot are tAievwJ to t• r•Asonable under the drcumstancg8. There aTg no ￿gnificant Otstim8tOS ond judgements used In the wgpaTall¢)n of the8e flnandal 61alements. 131 Pa ge CLA Charltabl• Trust Aeoounts tkusr (LA (HARITABLE TRUST ACCOUNTS STATEMENT OF FFNANaALAcfiviTIES Yar ond•d ao November 2024 3, Cost of raising funds.. Unrertrlrted lunds 2024 Unrestrlcted fvnds 2023 Travel & subslstence Inwésknent minlgement f¢•$ 673 6,194 1474 Z765 4k c￿￿￿ble •ctlvltl•s: Lknrtrlcted fundi Unr•strlcted fund5 2023 Grnnts Support Costs Insvrance Independent Exèffllnatlon Adn￿nIStr•tIOTh, IT, Prfntiry, posts8e & Stall(￿•ry 231523 13,085 251739 392 1,590 1525 267 696 5, Trustees, and employee remunernllon •nd exp•ns•5 Durlng the year, no Trusteees recelved and remueradon or other benefits12023- £NILI. Th•re were no ¢M￿OyeeS In the curytnt or prevlous perlcd. No emwoyee re¢elved remunerdtlon amoun1￿ to more that £60,rJx) In elther year. Durlnl the year ended 30 Novernber2024, TNstse expenses totalllry £67212023.'£1.3321 y￿re incwred. 141 Page CLA Charltablo Trust A¢¢ounts TRUST 6. Investments: 2024 2023 rket Value brought forward 338,452 353,762 Addlttons Z580 ILossesl/Galns 33,952 (17.890) Market Value - Llsted ￿n￿stMents C/Fw 471,004 Cash deposlt held for Invesbnent 150,OC Total Investments 7. Debtors 2024 2023 Accrn￿d Income 8. Credltors aTrK)unt falllng due wlthln one year 2024 2023 Trade Credltors Accruals IZ996 2.610 14,016 Grant CommitnRnts Brought forward at l December 2023 Awarded in the year Pald in the year Carrled forward at 30 Novenknr 2024 8,0 232,523 235 530 252,739 Total Qedltors due wlthln one year: 9. Taxatlon No provlslon fortsxatlon Is requlred, as the CharitsblÈ Trust is a Registered Charfty and it tskes advanta8e of the exenwtions available to IL 151page CLA Charltabl• Trust A¢¢ounts C-L* I CIIARITABII TRUST 10. Flnancial Instruments 2024 2023 Financlal a55ets measured at falr value 471.CNJ4 488,452 Flnanclal assets are measured at falrtrade value and comprlse Ilsted Investments 11. All Scholarshlps and Grants payable of £5,000 or overto other organlsatlons Amount Scholarshlps HarperAdams 4,500 Grants Countryslde L•amln8 Famis for Clty Chlldren Jamle's Farm The Country Trust Blddulph Yoltth and CommunltyZon• Cultlvatln8 Communlty Dandlllon TIM• Farmllnk Fro8llfe Trust Green Ll8ht Trust Growing Local CIC Harwes FarmCIC Llttle Gate Supported Employment Meath Epllep5y Charlty Mudlarks North East Autlsm Soclèty Nurture In Nature Chlldren & FamlllesCIC One Church Sadeh Farm 5hallowford Trust Sunfield Speclal School {Ruskln Mlll Trust) Sunny Skles CIC The Cooke E-Learnln8 Foundation Touchbase Car8 Wlld Thin8s Ecologlcal Educatlon Collectlve Wllderness Foundation 7,000 7,000 7,000 7,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,OChJ 5,000 26 Othergrants were awarded durlngthe year totalling £90.023. No grant5 have been made to Indivlduals. 161Page CLA Charltabl• Trust AcGounts I crtl•lYA8II T*USf 12. Related party trdnsactlons The CLA Charltable Trust {the Trust) has a related party relatlonshlp wlth the Country Land and Buslness Asx)clatlon ICL41. Members of the CLA make an annual donatlon of £10 towards the grnnt maklng objectlve of the Trust. At the end of the flnanclal vear2024, there was a balance due to theTnJstof£12,99312023: £14,671) TheCLA provlda a numberofadminlstrative servicestoth• CLACharitsbl•Trust undera servlce level agreement. The charge for th•se séNlcos for 2024 was £13,08512023'. £12,000) 171Page