THE FARMERS CLUB CHARITABLE TRUST
FINANCIAL STATEMENTS
Forthe year endod 30 June 2025
Charlty Number.. 282811

THE FARMERS CLUB CHARITABLE TRUST
Annual report and flnancial statements for the year ended 30 June 2026
Page
Reference and Administrative details
Trustees, report
Independent examinerfs report
Sla18menl of financial activities
10
B81ance sheet
Notes to the financial slalements
12-1e

THE FARMERS CLUB CHARITABLE TRUST
Refernnce and Adminlstratlva details forthe year ended 30 June 2025
Patron
Mrs S K mL￿dIMa￿
Trusteos
Nick Green FRAgS, FIAgM (Chaimanl
V CToxson OL,FRAgS (Vice Chairman) {Tesigned 10 September 2024)
Jenna Louise Ross hABA OBE, ARAgS {Vi¢e Chairman)
Meryl Ward MBE, FRAgS. Nsch
Des Lambert 08E. FRAgS
James Squi8r FRICS
Christine Tacon CBE. FRAgS, C.Env
Theresa Howe (appointed 10 September 20241
Prlncipal Officè
Th& Famiers Club Charitable Trust
3 Whitehall Court
London
SW1A 2EL
Independènt Examlner
Naomi Jane Hedger BFP. FCA, CTA
Chaler Allan LLP
7 Quy Court
Colliers Lane
Slow-cum-Quy
Cambridgeshire
CB25 9AU
Bankers
CAFCASH Llmited
Kings Hill
Wesl Malling
Kent
ME194TA

toimer$
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Charilable Trust
Trustee Commentary Accounts- 30th June, 2025
The Trustees present their annua5 report and flnancial statements for the year ended 30, lune, 2025.
The information given on page I forms part of this report.
Objectives
The objectives of the charity are to Support leoming and leadership within the food, fum7ing und
0550ciated industrie5' The Trustees confi.rm they have complied with the duty in Section 17 of the
Charities Act 2011 to have due regard to the public benefit guidance published by the Commission in
determining the activitie5 undertaken by the Charity. The Charity wa5 the brainchild of the late Trevor
Muddiman funded by donations and covenants from Farmers Club members, Benerously matched by
the late Sir john Eastwood. The current patron Mrs. Stella Muddiman also 8enerously transferred assets
from 3 private family trust. Over the years other club members have made generous gifts to the Trust
funds.
The Trust made its fi'rst grants in 1981 and continues to expand and develop its activities in term5 of
offers m3de and the range of awards provided both independently and through collaboration with other
organisations.
Trust Deed dated
9th June, 1981
44th Year-charity No. 282811
Investments and Income Generation
The Trust 8enerates income through the following activities.
|W.Ntlo
.fv515
INCOME
GENERATION
The Trust received a bequest in 2024 from the estate of the late Mrs. Marguerite Ivor-lones of £15,0(X).
This has enabled the Trust to establish 'The Marguerlte Ivor-jones Memoriul Aword., The award will

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sponsor annually one U35s member of The Farmers Club to attend the Nuffi'eld Farming Scholarships
Trust Conference. The bequest is included in Unrestricted Fund5 in the financial statements.
Structure, Governance and Management
Mr Victor CroMSOII
Ivice Chairperson I
Mr James
Mr5 Meryl
Ward MBE
Mr Nick
Green
Mr5 Meryl Ward
MBE
Mr Desmond
LambertOBE
MrTlmJ3ck50n
Mrs Merylward
MBE
MrDesmon
Lambert OBE
The Farmersclub
Chalrpersan
5nap5hot
Sbjdles
Mr Nick Green
IChairper50nl
Mr larne5 Squier
MrJame5
Tacon CBE
Mrs me￿ Ward
MBE
Mrs Christine
Tacon C8E
WrThd5orLeadw5bb
.1
Dr Jenna Ross OBE
rs Lisa Turner
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Tw5t Secretsryl
Trustee Appointment Details
Following a review, concluded in March 2021, Trustees are initially appointment to serve for a period
of up to five years. Trustees may be re-appointed for one further term of up to five years. The
maximum number of years a Trustee may serve is normally limited to ten years. Normally, a maximum
of eight Trustees are appointed, unless Trustees decide additional Trustees are required.
The Chair is elected annually for a period normally limited to five years. That term can be in addition to
the time served as a Trustee but would not normally exceed ten years in total, unless a majority of
Trustees vote in favour of an extension for 3 time-limited period.
The Board of Trustees regularly reviews the range of skills required and appoint Trustees accordingly.
After 15 years of dedicated service to the Trust, September 2024 saw Mr. Vic Croxson (Vice-chairl begin
his well-deserved retirement. Nick Green. Chair of the Trust said, "Vic's dedication, knowledge and
wisdom have been an incredible asset to the Trust."
The Trust are pleased to announce that Mrs. Theresa Howe was appointed as a new Trustee at the

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September 2024 meeting. Te55 brings a strong set of skills that will be a huge asset to the Trust moving
forward.
Dr. lenna Ross holds the position of Vice-chair of the Trust and oversees collaboration and Agricultural
Educator Award alumni.
Tess Howe has oversight of the Windsor Leadership Trust Alumni.
The Trust are also pleased to announce the involvement of Mr. Tim jackson as Chair of the Agricultural
Educator Awards panel.
New Trustees are made aware of the workings of the Charity and usually have extensive experience of
being a Trustee for other charities.
Activities
Thtmp5
The income of the Trust is applied towards supportingthe learnin8
and leadership within the food, farming and associated industries
through three key themes.
Edu(J￿r
Awaids
WinJ5W
Leadershi*4
Trust
Agricultural Educator Awards
Opens Autumn Closes beginning of Februarv
These awards give opportunities for those involved in the land-based education sector to develop their
technical expertise through study activity either in the UK or abroad. The aim of the award is to enhance
knowledge and skills that can then be disseminated to others.
Applicants can apply for a maximum of £10,000 usually around £5,000 to support study trips associated
with the charitable purpose.
Studies are conducted around the world and reports produced and published on the Trust'5 website to
further enhance dissemination of learning.
The Farmers Club Charitable Trust
X￿￿￿E50￿rV￿￿￿￿7MI[11￿QE￿NFH￿V1￿ED￿0nsTl￿V￿lvsfO1T￿SE

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The latest reports to be published include the following'.-
Dr. Sumson Oyeyink4J, University of Lincoln - Acquire protein characterist7tion skillsfor teaching and
helping thefood industry.
HiJnnt7h Robinson, Oaklonds College-An investigt)tion undertaken to goin o greoter understanding of
rewilding.
John Fegan, CAFRE- Agriculture Vocational Education - what can we learn from Europe?
To view 811 reports, visit htt
rfcct.co.uk
read-our-fcct-re
orts
Snapshot Studies
Opens in May with a closing date of the end of lulv.
Both the application and fi'nal project submission are completed though a video presentation. Snapshot
Studies are open to anyone over the age of 18.
Applicants apply for between £1,000 and £2,0(K) to suppoit an innovative idea or 'seed' project that
would benefit from some'kick-start, funding. The linal projectvideos are published to create a resource
bank of valLJable information for the industry to use. Videos can be found on the Trust website and its
YouTube Channel- YouTube Channel
Windsor Leadership Trust
Applications are SOUEht in the spring and close for entries at the end of July. Bursaries to the value of
approximately £4000- £7(X)O to attend the Windsor Leadership Programme are made to successful
applicants. The
ro
rammes focu5 on self-development and self-awarene55 to better equip leaders to
respond to the challenges of strategic leadership. They are designed for leaders who have the potential
to shape the future of their own organisations, as well a5 Society as a whole. Alumni from this theme
go on to become part of the 'Professional Forum, where continued development and peer to peer
SUPPOrt are available.
Achievements
During the year ended 30, lune, 2025 the Trust paid £800 in final awards to 2 individuals for award5
made in 2022 and 2023. The Trust also awarded 16 bursaries and scholarship grants totalling £52,786
in 2025.
Over the period of the last 7 years to date, a total amount of £224,345 has been committed in awards
and bursaries.

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Award Distribution 2019 - 2025
Agricultural Educaloi Award
Snap5hoi Sliidy
Wind50r Leadership Trust
• Nvlfield
(1)￿]
350(KJ
3￿(11
250fJJ
w2W
J50(K>
2019
2020
2021
2022
2023
202
2025
AWAROYEAR
Notes- 2022 travel restriction5 Post covid no Agricultural Educator Awards made
2025 awards yet to be made for Snapshot Studies and Windsor Leadership Trust
Graph shows awards committed- payment may be pending
Performance
The Trustees continued to promote and support learning and leadership within the food, farming and
associated industries by awarding bursaries to teachers, lecturers and extension offi'cers from
Agricultural Colleges and Universities. Recipients of Agricultural Educator Awards publish reports to a
wider audience in journals and on the Farmers, Club Charitable Trust website. Successful candidates
Eive talks on their subject and address seminar5 when invited to do so by the wider community. The
Trustees initiative to develop leaders in agiiculture has established a process and a mechanism for
sustaining the benefits to individuals and the industry through an active group of alumni.
Collaboration
The Trust works in collaboration with other Trusts and organisations in order to support the industry
further. Collaboration organisations ￿nClude the following.'_
Trusts
The Frank Arden Trust
The Perry Foundation
Frank Parkinson Trust
Organisations
The Agri Food Charities Partnership
LANDEX (Land Based Colleges and Universities Aspiring to Excellence)
TIAH (The Institute of Agriculture and Horticulture)
AHDB (Agriculture and Horhculture Development Boardl
The Institute of Agricultural Management
Nuffield Farming scholarships Trust
Oxford Farming Conference
Royal Agricultural Society
The Agricultural University Council
Future Intentions

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The financial markets position continues to affect the reserves of the Trust and the Trustees are mindful
of this in their efforts to maintain a balance between offering bursarie5 and grants and preservin8 the
Tru5t5' financial strength. Within those constraints. the Trustees, policy is to continue to offer open
bursaries to those involved in public tertiary education thereby optimising the effective use of their
limited funds by supporting those who educate future Benerations who will produce food and rural
services to the wider population and to continue to offer grants to those identilied as having the
potential to become leaders in agriculture.
Financial Review
The Trust generated income of £72,747 in the year12024.. £52,256) and utilised this funding to award
grants and bursaries of £53,58612024: £44,929).
The net increase in funds of the Trust after gains and losses on investments was £57,80912024..
£38,557). This increased the Trust's funds to £2,332,580.
Risks
The Trustees have reviewed all signiftcant risks facing the charity and have controls in place to mitigate
these risks. The most signifi'cant risk relates to the performance of the Charity'5 Investments, which are
invested with EFG Harris Allday, which the Trustees believe is appropriate but will keep it under review.
Reserves and Investment Policy
The Charity does not have any permanent endowment and its capital can be spent at any time at the
discretion of the Trustees. It is, however. the Trustees, policy to maintain the real value of the capital
with a view to generatin8 sufficient income, after meeting administrative expenses, to enable a number
of bursary awards to be offered each year and to provide for such other grants a5 the Trustees may wish
to make from time to time. TD this end it is their investment policy to retain land with potential
development value and to invest all other funds in well spread equities throuBh the medium of a
common investment fund or fund5.
Tru5tees' Statement of Responsibilities
The Trustees are responsible for preparing the Tru5tees' Annual Report and the h"nancial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees of the charity to prepare
linancial statements for each fi'nancial year which give a true and fair view of the state of affairs of the
charity and of the incoming resources and application of resources of the charity for that period. In
preparing those financial ststements. the trustees are required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principle5 of the Charities SORP,.
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standard5 and staternents of recommended practice have
been followed. subject to any material departures disclosed and explained in the linancial
statement5.'
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that this basis applies,

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The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Charity and to enable them to ensure that the financial
Statements comply with the Charities Act 2011, the applicable Charity (Accounts and Reportsl
Regulations and with the Trust Deed dated 9th June 1981. They are also responsible for safeguardinB
the assets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud
and other irregularities.
Approved by the Trustees and signed on their behalf by..
Nicholas Green
Chairman
Date..
Lq- See¥£MbLC 2Q)LS

THE FARMERS CLUB CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
For the year ended 30 Juno 2025
I report on the accounts of Thfr Farmeis Club Charitable Trust for the year ended 30 June 2025. which are
set out on pages 10 10 16.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity's Iruslees you ar8 responsible for the preparation of the accounts in accordaneo with th@
Charities Act 2011 I'the Acl'l.
I report in respeet of my examination of the charity's accounts carried oul under section 145 of the Act and in
carrying out my examination I have followed all the appllcable Directions given by the Charity Commission under
section 145151{bl of the Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no matters have come lo my attention in connection with the
examinalion giving m8 cause to believe that in any material resp8cI'.
1. aecounting records were not kept in respect of the charity as required by section 130 of thè A¢t'. or
2. the accounts do not Accord Nvilh those r8cords', or
3. the accounts do not comply with the applicable requiremenls conceming the forni and conlenl of accounls set
out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts give
'tru6 and fair view, whKh is not a matter considered as part of 8n indepèndent examination.
I have no concerns and have come across no other matters in conn8CtvJn with the examination lo which
?Ilenlion should be drawn in ihis Teport in Order lo enable a proper understanding of the accounts to be reachod.
Naomi Jane Hedger BFP, FCA. CTA
Chaler All8n LLP
7 Quy Court
Colliers Lone
Slow-¢um-Quy
Cambridgeshire
CB25 9AU
Dale.. 30 September 2025

THE FARMERS CLUB CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES Ilncludlng Income and Expendlture Account)
For the year ended 30 June 2025
Unr9Strlcted Restricted
Fund$
FundB
Total
2025
Funds
Totsl
2024
Fund8
Note
Income from:
DDnations
Investment income
Activities for generating funds
Total
16.336
40,774
9,652
66 762
5,985
22,321
40,774
9,652
575
40,873
10,808
Expenditurn ofi:
Charitable activity..
Awarding granls and bursaries
Total
87,698
87,696
5,985
5,985
93,681
Net InGomellExpendlturel
35,140
Galn on Invo$tmont assets
Gains on lisled investments
Gains on revaluation of investment property
Net Mo¥em•nt In Funds
28.743
50,000
57,809
28,743
50,000
57.809
38,697
38,557
Reconclllation of Funds..
Total funds brought forward
2 274,771
2,274 771 2.236 214
Totsl funds carried fo￿ard
2 332 580
2 332 580 2274 771
10

THE FARMERS CLUB CHARITABLE TRUST
BALANCE SHEET
As at 30 Jun• 2025
2026
2024
Note
INVESTMENTS
2,282.683
2,187,957
CURRENT ASSETS
Debtor8
Cash al bank and in hand
7,518
92.952
100,470
12,974
99,Q85
112,059
CURRENT LIABILITIES
Creditors
30,673
25,245
Net currgnt asgots
69,897
86.814
Not Assets
2,332,580
2,274,771
REPRESENTED BY:
Unrestricted Funds
Restricted Funds
2,332,580
2,274,771
10
TOTAL FUNDS
2,332,580
2,274.771
The fi'nancial statements were approved and authorisad for issue by the Board of Trustees and were signed
below on ils b8half by..
Nicholas Green
Chairman
Date-.
Iq- IS

THE FARMERS CLUB CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Forth? yearendgd 30 Jun¥ 2025
ACCOUNTING POLICIES
Ba$1$ of preparation
The financial slalements have been prepared under the hi8lorical cost convention as modified lo include
the revaluation of investments. The formal of the financial slalemants has been presented to comply with
the Charities Act 2011. and The Stslement of Recommended Practice for ChaTbties ISORP 2015) Isecond
Edition, effectNe 1 January 20191.
The Charity me8ts the definition of a public benefit onlity under FRS 102. Assels and liabilities are initially
re¢ognised at hkslorical cost or transaction value unless othetwise staled in the Televanl accounting policy
notelsl.
The Charity is not requirèd lo prepare 8 cash flow slal8ment because of ils Size.
Going concern
The Trustees, having Gonsider8d the Charity's range of investments, liquidity and control of costs, are
satisfied that thére are no material uncertainties regarding the Charity's ability to eontinu@ as a going
concern.
Crltlcal accounting judgemants and estimate8
In preparing these financial slalemenls, the Trustees have made judgements, èsllmales and assumptlOllS
that affect the application of the Charity's accounting policies and the reported assets, liabilities, income
and expendkture and the disclosures made in the financial statements. Estimates and judgements are
continually evalua18d and are based on historical experien￿ and other factors. including expoclationg of
future events that are believed to be reasonable under the cir¢umslances. In preparing these financial
statements the critical accounting judgement and estimate is as follows.
Valuation of agricultural land
The valuation of the agricultural land is estimated by the Trustees based on the most recent fomial
valuations oblain8d by external valuers and trustees, expertise and knowledge of current market
conditions. The primary source of evidence for the valuations is re￿nt, comparable marf(et transactions on
an arms-length basis. An adjuslmènl to any of these assumptions could lead to a material change in the
valuation of the agricultural land. There is significant judg8ment as lo the indicators of the valuation of the
investment property as they are based upon valu8r assLtmplions which may prove to be inaccurate.
Fund accountSng
Unrestricted funds comprise accumulated surpluses and d&ficits on general fur)ds. They are available for
U88 al the discretion of the Trustees in furtherance of the general charitable objectThtes.
Incomè
Incoming resour¢e8 represents the total income receivable during th8 year comprising rents, donations.
covenants and investment income.
Exp8nditure
Expenditure is alloca18d lo the particular adivily where the cost relates directly lo that activity. However,
the cost of ov8r211 adminislralic)n ol the charrty is appO￿.oned based on the value of awards given in each
activity.
Grants payable are charged in the year when the offer is conveyed lo the rec￿)Ient.
Govemance costs comprise direct costs relating lo th8 ststulory and governan￿ requirements of the Trust.
Invostments
Listed investments are in¢luded at market value at the balance sheet date. Realised anol unrealised gains
and losses on investments are included in thè Statement of Financial Activslies.
Investrnents in agricultural land are included al fair value at the balance sheet date. Fair value gains and
losses on inveslmtrnls in agricultural land are included in the Slalemenl of Financial Activities.
12

THE FARMERS CLUB CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOY th? yoar endod 30 Juno 2025
ACCOUNTING POLICIES leontlnuod)
Cash at bank and in hand
Cash al bank and cash in hand includes cash and sh￿t term highly liquid investments with a short maturity
of three months 01 less from the date of aGquisilv)n or opening of th6 deposit or similar account.
FinancSal In$ttument$
The Charity only has financial a55ets and finoneial li8bililies of a kind that qualily as basic ftnanci81
Instrum6nls.
Basic financial instruments, including trade and other debtors and Gieditors are initially recognised at
transaction value and subsequently measured at Ihelr selllemenl value.
Dèbtors
Debtors are TeCOgn￿Sed where the charity has a present right resulting from a past event that will probably
result in the IransfeT of funds from a third party and the amount due lo settle the riohl can be measured or
estima18d reliabty.
Cr&dltors and provisions
Creditors and provisions are recognised where th8 charity has a present obligation resulting from a past
avent that will probably result in the transfer of funds to a third party and the amount due lo sellle the
obligation can be measured or estimated reliably.
INCOME
Unrostrlcted Re8triot•d
Funds
Funds
Total
2025
Total
2024
Donations
Legaciès
Grants
690
15,646
690
15,646
5,985
22,321
575
5,985
5.985
16.336
575
Aclivili8s for generating funds:
Net Tents
BPS income
Bank interest
6,617
1.183
1,852
9,652
6,617
1,183
1,B52
9,652
8.886
1,346
576
10,8D8
CHARITABLE ACTIVITY EXPENDITURE
Unrostrlcted R08trlctod
Funds
Funds
Total
2025
Total
2024
Grants and bursaries
Administrative costs
Governance costs
Independent Examination
Audit
47,601
36.496
5,985
53,586
36,496
44,929
37,889
3,600
3.600
4,578
87,396
87,696
5,985
93,681
13

THE FARMERS CLUB CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
For th* yoor ended 30 June 2025
CHARITABLE EXPENDITURE- GPANTS & BURSARIES AWARDED
Number Unrestrlcted Rg$tricted
Funds
Funds
Total
2025
Number
of
grants
Totsl
2024
grants
Le8dershlp programmes
Agricultural educator awards
Snapshot Study Awards
Marguerit6 Ivor-Jonè8
Memorial Award
16,714
20.203
10,184
5.985
22,699
20,203
10.184
24,849
8,700
11,280
500
47,601
500
53,586
18
5.985
15
44,929
Number UnreBtrlcl•d Rgstricted
ol
Funds
Funds
grants
Total
2025
Numbèr
Total
2024
grants
Analysod botw8•n:
Wlndsor Leadership Trust
Oaklands College
Roy81 Agricultural Univers
Royal {Dickl School of
Veterinary Medicine
University of Sparsholt
SRUC Aberdeen
SRUC
Harper Adams University
Bangor University
College of West Anglia
Individuals
Nuffield Farming ScFK)larships
Trust
16,714
5,985
22,699
24,849
1,000
7.000
4,000
4.860
5,000
3,440
2,990
4,913
15,0001
10,184
4,000
4.860
5,000
3.440
2.990
4,913
l5.000}
10,184
11,38Q
500
47,601
500
53,586
700
44.929
5,985
15
TRUSTEES, REMUNEF14TION AND REIMBURSED EXPENSES
None of the Trustees received any remuneralion for their servlces12024.' £NILI and fiv8 Trustees
(2024.. three) received reimbur88d travel and subsi8lenc@ expenses lotalling £1.778 {2024.. £1,529).
STAFF COSTS
The Trust does not employ any staff and so there 8T8 no staff costs.
14

THE FARMERS CLUB CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 Jung 2025
INVESTMENTS
Agricultural
Land
Llsted
Investmont8
Total
Market value 8t 1 July 2024
Adfsitions
Disposals
Gains
Market value at 30 June 2025
1,370.000
817,957
50,097
IS4,5221
29,151
842,683
2.187.957
50,097
(54.5221
79,151
2,262,683
50,000
1,420,000
Historial cost at 30 June 2025
NIL
820,924
820,924
Listed investments comprise of..
2025
2024
Investment trusts and funds
Equities
Cash
295.763
535,104
11.816
842,683
156.654
649,895
11,408
817,957
Formal third party valuation5 of the Oreas of agricultural land held al 30th June 2025 were previously
carried out on 15th August 2022 by Bidwells. with land valued at £845,000, and on 25th July 2022 by
Symonds & Sampson, with land valued at £490,000. These valuations of both areas of agricultuial land were
then reassessed by Bidwells on 30th August 2023 with no adjuslmenls lo these valuations being idenlilied.
Subsequent lo this reassessment by Bidwells. th8 Trustees have reviewed the condition and circumstances
of both areas of 8griculluTal land since 30th August 2023 and concluded that there has been a umbined
£60,000 (2024.. £35,000) increase in the valuation of these parcels of land to £870,000 and £550,000
respectively by 30th June 2025.
The valuation by Bidwells w88 performed in a￿ordanCe with the RICS Global Standards 2023 and the
Symonds & Sampson valuation is based on the previous valuation thèy performed as at 30th June 2020,
which was performed in accordance with the RICS Global Valuation Standards Red Books. adjusted for
subsequent changes in agricultural PToperty markel valu8s and other factors sp8cific to the land held by the
TTUSI.
The valuation of the agricultural land is inherently subleclive, as il is based upon valuer assumptions and
assessment of market Gondilions, which may provè to be inaccurate.
DEBTORS: Due within one year
2025
2024
Prepayments and accrued incom8
Gift aid
7,268
250
7,518
12,824
150
12,974
CREDITORS: Due within one year
2025
2024
Accruals and deferred income
30,573
30,573
25,245
25,245
AGcTuals and deferred income includes deferred income of £1,859 (2024.. £1,851), which relates lo renlal
income received in relation to the 2025126 financial year.
15

THE FARMERS CLUB CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Forthe yoaronded 30 June 2025
10. RESTRICTED FUNDS
Fund
bl￿d
Income
Expendlture
Fund
clfwd
Windsor Leadership Trust
5,985
5,985
Windsor Leadershlp Trust- used to fund bursaries for individuals &nro118d with the Windsor Leadwship Trust
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestrfcted
Fund$
Re8tri¢t8d
Funds
2025
Total
Investrnenls
Nel current a88ets
Fund balance
2.262,683
69,897
2,332,580
2,262,683
69,897
2,332,580
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestrictod
Fund8
Restrlcted
Fund8
Total
2024
Incomg from:
Donations
Investment income
Aclivilies for generating funds
Total
575
40,873
575
40,873
62,256
Expendlture on:
Charitable activity:
Awarding grants and bursafie5
Governance costs
Total
72.818
4,578
77,396
10.000
82,818
Net Expgnditur8
35,140
Galn on inv•stm?nt asBets
Gains on listed investments
Gains on revaluation of investment property
Not Movement In Funds
38,697
35,000
48,557
38,697
35.000
38,557
{10,000)
13. RELATED PARTIES
There are no related party transactions during the year12024'. £ nil)
le