REGISTERED CHARITY NUMBER: 310496 [4 Knights Lowe Chartered Accountants & Business Advisers ort of the Trustees and Fi rEnd 31 20 Chadacre ricultural Trust Knights Lowe Limited Eldo House Kemp50n Way Suffolk Business Park Buryst Edmunds Suffolk IP32 7AR Eldo House. Kempgon W3y. Suffolk Busin055 Paik Bury St £drnnds, Suffolk, IP32 7AR . 01284 701300 infoP.knight51vwe£o.uk .-b knight51owe.co.uk
Cha acre icultural Trust Contents of the Financlal Statements for the Year Ended 31 March 2025 Page Report of the Trustees Report of the Independent Auditors Statement of Financlal Artlvltles Balan Sheet Notes to the Financial Statements 10 to 16 Detailed Statement of Financial Aetivities 17
hadacre Airicultural Trust Re ort of the Trustees for the Year Ended 31 March 2025 The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accotbnting and Reporting by Charities.. 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 IFRS 1021 (effective l January 2019}. OBJECTIVES AND ACTIVITIES The objerts of the Trust are to advance the education of the public in all aspects of agriculture and farming by providing grants for training and research. In this context, agriculture and farming include the relevant sciences and practical crafts involved in farming and land management, and a150 in any ancillary trades, together with nature conservation. These objects are set out in full in Section 4 of the Deed of Variation of 1990. In keeping with the ethos of the Trust's forerunner, the Chadacre Institute, priority is given to those studying practical training courses which prepare them for employment on farms. To achieve these objects. the Trust encourages application by individuals for grants for trainin& if they are not eligible for State-funded grants. It also encourages applications by agricultural research institutions for grant-aid for research projects (preferably conducted by young people starting their careers in research) that are likely to have a practical outcome for farming. Applications for grants by bodies intending to educate the public about the interaction between agriculture and nature conservation are also aCpted. The Govemors confirm that they have referred to the guidance contsined in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in reviewing the grant making poliry. Applications for grants are made to the Administrator, who obtains all appropriate information about each application and presents them to the Governing Body at the quarterly meetings for approval or rejertion. She then takes the consequential action. ACHIEVEMENTS AND PERFORMANCE Of the £166.489 disbursed as grants. £46.961 was dispensed in helping students receive training in agriculture and associated activities. including degree courses, apprenticeships, and short practical courses such as BASIS Certificate in Crop Protection. £27.910 was awarded in grants to individuals attending courses including the Worshipful Company of Farmers, Challenge of Rural Leadership. and to organisations such as the Young Farmers, Clubs to support the training of youn8 people. £56,463 was allocated as grant aid for research projects including those at the Universities of Hertfordshire, Nottingham, Lincoln, and Cambridge, and Rothamsted Research. £35,155 was awarded to organisations including the Suffolk, Norfolk and Essex Agricultural Associations, and to the Country Trust, to support the education events they run for primary and secondary school pupils. Approval was also 8iven for further grants to be issued during the ensuing three years. (The grant figures shown above were those paid, whereas the Financial Ststements show grants as the initial commitment is entered into.) No land or other tangible assets were sold in the year reported on, such assets now only amounting to 0.65ha of bare land which is let for grazing. The value of the Trust's investment fund at 31 March 2025 was £6,739,846 compared with £7,120,406 in 2024. Further information on the Trust is available on the website www.chadacre-trust.org.uk Page I
Chadacre cuttural Trust Report of the Trustees for the Year Ended 31 March 2025 5fRUCTURE, GOVERNANCE AND MANAGEMENT Legal and Administrative Information The Trust was formed on Ilth Ortober 1990 by a Variation of the Deed of Trust and Constitution of July 1920. which had created the Chadacre 4gricultural Institute (closed down before the Deed of Variation was signed). The trustees are incorporated as a Governing Body. Members of the Governing Body are people selected for their broad experience and knowledge of the needs of the agricultural industry for appropriately trained personnel, for research, education and education of the public, and for their knowledge of related issues such as nature conservation, and diversification. The admini5tr3tion was carried out by Dr H G Smith on a self-employed contractual basis, working at the following address.. 7 Manor Farm Lane. Drayton, Market Harborough, Leics. LE16 8SW The capital fund of the Trust is held by CCL4 Investment Management Ltd, Senator House, 85 Queen Victoria Street, London EC4V 4ET. The capitsl is invested in the Charities Ordinary Investment Fund ICOIFI of CCLA. The income due to be expended imminently by the Trust is held in a current account at Barclays Bank PLC, 20-21 Cornhill, Bury St Edmunds, Suffolk, IP33 IDY. Paragraph 3 of the Variation of the Deed of Trust states that "The Governing Body shall hold the capital and income of the Trust Fund upon trust to apply the income and all or any part or parts of the capital as the Governing Body may from time to time think fit for or towards such charitable purposes as are hereinafter described" The Trust forecasts its liabilities for up to three years ahead by the quarterly updating of a rolling forward cash flow predirtion. The Trust's Auditor is Knights Lowe Limited. Eldo House, Kempson Way, Suffolk Business Park, Bury St Edmunds, IP32 7AR Solicitors acting for the Trust are Greene and Greene, 80 Guildhall Street, Bury St Edmunds, Suffolk. IP33 IQB. An Annual General Meeting is held immediately before the autumn quarterly meetin8 of the Governing Body. The Governors also meet with Asset Management staff once a year, to consider the performance of the capital investments and to make changes to portfolio management policy. The Administrator conducts all correspondence with the asset management company, all Governors also receive quarterly asset management reports, and all cheques for payments by the Trust to individuals are countersigned by a Governor. Online banking payments to organisations such as Universities are countersigned by a Governor on the Trust's Barclay5 Bank statements. The Trust is not dependent upon donations or the services of unpaid volunteers. apart from the unpaid time spent bv the Governors in connection with the operation of the Trust. The Governors have identified the major risks to the Trust and confirm that procedures have been established to manage those risks. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 310496 Prlnclpal address 7 Manor Farm Lane Drayton Market Harborough Leicestershire LE168SW Page 2
Chadacre ricultural Trust Re .ort.of the Trustees for the Year Ended 31 March 2025 Trustees The Rt Hon The 4th Earl of Iveagh (Chairman) J Wallace (Deputy Chairman) Mr D E Barker M8E Mrs S Bendall BEM Profe550r K W Jaggard Mr R Garnham Mr L H Hargreaves Mr C Pwalters Auditors Knights Lowe Limited Eldo House Kempson Wav Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR STATEMENT OF TRUSTEES. RESPONSIBILtriES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requires the trustee5 to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law}. Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent: prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 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 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the asset5 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 4 November 2025 and signed on its behalf bv.. Mr R Garnham- Trustee o&l,, lkn££ Page 3
rt of the Inde ndent Auditors to the Trustees of Chadacre_&ricultural Trust Opinion We have audited the financial statements of Chadacre Agricultural Trust (the 'charity'l for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practicel. In our opinion the financial statements-. give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prartice: and have been prepared in accordance with the requirements of the Charities Art 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKI} and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical restx)nsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng con¢em In auditing the financial staternents, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sertions of this report. Other Information The trustees are responsible for the other information. The other information cornprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial ststements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misststed. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial ststements themselve5. If, based on the work we have performed, we conclude that there is a material misststement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are requir to report by exception We have nothin8 to report in respert of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements,. or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and returns: or we have not received all the information and explanations we require for our audit. Page 4
Report of the Independent Auditors to the Trustee5 of ChadaCrer1CUltUral Trust Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unle55 the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Page 5
rt of the Inde ndent Auditors to the Trustees of Chad3creriCuItUra1 Trust Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Att 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISA5 IUKI will always detect a material misststement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to infSuence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations- we identified the laws and regulations applicable to the company through discussions with direttors and other management, and from our commercial knowledge and experience of the companies operating sector,. we focused on specific laws and regulations which we considered may have a direct material effect on the financial ststements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, 3nti-bribery, employment, environmental and health and safety legislation; we assessed the extent of compliance with the la and regulations identified above through making enquirie5 of management and inspecting legal correspondence,. and identified laws and regulations were communicated within the audit team regularty and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial ststements to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud- considerin8 the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: performed analytical procedures to identify any unusual or unexpected relationships,. assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias: and investigated the rationale behind significant or unusual transartions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to-. agreeing financial statement disclosures to underlyin8 SUPPOrtin8 documentation- reading the minutes of meetings of those charged with governance,. enquiring of management as to artual and potential litigation and claims,. reviewing correspondence with HMRC, relevant regulator and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the direttors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. Page 6
Re ort of the Inde endent Auditors to the Trustees of Chadacre ricultural Trust A further description of our responsibilities for the audit of the financial statements is Ioc3ted on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charity's twstees. as a body, in accordance with Part 4 of the Charities {Accounts and Reports) Re8ulations 2CX)8. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Knights Lowe Limited Eldo House Kempson Wav Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR 4 November 2025 Page 7
Chadacre ricultural Trust Statement of Financial Activities for the Year Ended 31 March 2025 2025 Unrestricted fund 2024 Total funds Note5 INCOME AND ENDOWMENTS FROM Investment income Other income 193.223 660 190.655 1,810 Total 193,883 192.465 EXPENDITURE ON Charitable activities Expenditure on charitable activities 110.211 241.946 Other 14,2S3) Total 105,958 241,946 Net gainslllosse51 on investments {334,813) 590,976 NEf INCOME/{EXPENDITURE) 1246,888 541,495 RECONCILIATION OF FUNDS Total funds brought forward 6,999,795 6,458.300 TOTAL FUNDS CARRIED FORWARD 6,752,907 6.999.795 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. All income and expenditure has arisen from continuing activities and are allocated to the unrestricted fund. The notes form part of these financial statements Page 8
Chadacre icultural Trust Balance Sheet 31 March 2025 2025 Unrestrirted fund 2024 Total funds Notes FIXED ASSETS Tangible assets Investments 6,739,846 7,120,406 6.739,847 7,120,407 CURRENT ASSETS Stocks Debtors Cash at bank 2.010 1,790 47,847 29,105 73,559 123,569 78,742 CREDoRs Amounts falling due within one year io 184,509) 1116,4791 NET CURRENT ASSErs 39.060 137,7371 TOTAL ASSEfs LESS CURRENT LIABIUTIES 6,778,907 7,082,670 CREDITORS Amounts falling due after more than one year li (26,OtK)} 182,8751 NET ASSETS 6,752,907 6,999,795 FUNDS Unrestricted funds 12 6,752,907 6.999.795 TOTAL FUNDS 6.752,907 6.999,795 The financial statements were approved by the Board of Trustees and authorised for issue on 4 November 2025 and were signed on its behalf by= loig Mr R Garnham-Trustee The notes form part of these financial statements Page 9
Chadacre ricultural Trust Notes to the Financial Statemerrts for the Year Ended 31 March 2025 AccouKnNG POLICIES Basis of preparlng the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reportin8 Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financi31 statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. Income All income is recognised in the Statement of Financial Activitie5 once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliablv. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrua15 basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular heading5 they have been allocated to activities on a basis consistent with the Use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Tangible fixed assets The remaining property of the Chadacre Estate, comprising 0.65 ha of bare land (consisting of a small field and a plot between two houses) is included in the accounts at a nominal value of £1. No provision is made for depreciation. The trustees have not quantified the difference between market value and nominal value. Other tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. OFfice equipment 25% straight line Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from tax on its charitable attivities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purp05e5 Within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 10 continued..
Chadacre rlcultural Trust Notes to the Financial Statements - continued for the Year Ended l March 2025 ACCOUMnNG POLICIES- continued Flnanclal instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments. Basic financial instrument are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the fLrture payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration experted to be pad or recieved and not discounted. Where investments n shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Golng Concern At the time of approving these financial statements, the trustees have a reasonable expettation that the charity has adequate resources to continue in operational existence for a period of at least the next twelve months. Thus the trustee5 continue to adopt the going concern basis of accounting in preparing these financial statements. Judgements and key sources of estimation uncertainties 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 circumstsnces. Incoming resources All incoming resources are included in the Statement of Financial Artivities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Resources expended Expenditure is reco8nised when a legal or constructive obligation arises. In the case of multi-year grants, provisions is made for grants payable in future years where such an organisation exists at the balance sheet date, in accordance with the SORP. INVESTMENT INCOME 2025 2024 Investment income Deposit account interest 192,757 466 190,585 70 193,223 190,655 Page 11 continued...
Chadacre icultural Trust Notes to the Financial Statements- continued for the Year Ended 31 Marth 20Z5 AUDITORS, REMUNERATION 2025 2024 Fees payable to the charity's auditors for the audit of the charity's financial Statement5 4,056 3,936 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. The administration is carried out on a self-employed contractual bas15. The Trust employs no staff. TNstee5' expenses Travel and meeting venue hire expenses of £992 were reimbursed to trustees during the year. No emoluments were paid to trustees. COMPARATIVES FOR THE STATEMENT OF FINANaAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Investment income Other income 190.655 1,810 Total 192,465 EXPENDITURE ON Charitable artivltles Expenditure on charitable activities 241,946 Net gains on investments 590,976 NET INCOME 541.495 RECONCILIATION OF FUNDS Total fund5 brought forward 6,458,300 TOTAL FUNDS CARRIED FORWARD 6,999,795 Page 12 continued...
Chadacre ricultural Trust Notes to the Financial Statements - continued for th Year Ended l March 2025 TANGIBLE FIXED ASSErs Freehold property Computer equipment Totals COST At l April 2024 and 31 March 2025 2,589 2,590 DEPRECIATION At l April 2024 and 31 March 2025 2,589 2,589 NET BOOK VALUE At 31 March 2025 At 31 March 2024 FIXED Ass INVESTMENTS Listed investments MARKEf VALUE At l April 2024 Disposals Revaluations 7,120,406 145,747) 1334,813) At 31 March 2025 6,739,846 NET BOOK VALUE At 31 March 2025 6,739,846 At 31 March 2024 7.120,406 There were no investment assets OLrtside the UK. Cost or valuation at 31 March 2025 is represented by: Listed investments Valuation in 2025 6,739,846 Page 13 continued..
Chadacre icultural Trust Notes to the Financial Statements- continued for the Year Ended 31 March 2Q25 STOCKS 2025 2024 Finished goods 2,010 1,790 Stock comprises books for resale. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Other debtors 47,847 io. CREDrroRS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Other creditors 84,509 116,479 ii. CREDrroRS: AMOUNTS FALUNG DUE AFfER MORE THAN ONE YEAR 2025 2024 Trade creditors 26,000 82.875 12. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 6,999,795 1246,888) 6.752,907 TOTAL FUNDS 6,999,795 (246m) 6,752,907 Net movement in funds, included in the above are as follows- Incoming resources Resources expended Gains and losses Movement in funds Unrestrlrted funds General fund 193,883 (105,958) 1334.813) 1246,8881 TOTAL FUNDS 193,883 1105,958} 1334,813) (246,8881 Page 14 continued...
Chadacre icultural Trust Notes to the Financlal Statements- continued for the Year Ended 31 March 2025 12. MOVEMENT IN FUNDS- continued Comparatlves for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestrirted funds General fund 6,458,3CK) 541,495 6,999,795 TOTAL FUNDS 6,458,300 541.495 6,999,795 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 192,465 1241,9461 590,976 541,495 TOTAL FUNDS 192,465 1241,9461 590.976 541,495 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestrirted funds General fund 6,458,300 294,607 6,752.907 TOTAL FUND5 6,458,300 294,607 6,752,907 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestrfrted funds General fund 386.348 1347.9041 256,163 294,607 TOTAL FUNDS 386,348 1347,9041 256.163 294,607 Page 15 continued...
Chadacre ricultural Trust Notes to the Financial Statements- continued for the Year Ended 31 March 2025 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. Page 16
Chadacre ricuttural Trust Detailed Statement of Financial Artivities for the Year Ended 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Investment income Investment income Deposit account interest 192,757 466 190,585 70 193,223 190,655 Other income Rental income Centenary book income 1,550 260 160 1,810 Total Incomlng resources I933 192,465 EXPENDITURE Charitsble acttvities Administrator's fee Travelling & Marketing expense Bank charges Website & Promotion expense Centenary books Grants to institutions Grants to individuals 26,737 992 119 27,633 1,054 128 263 430 119,610 88,892 (220) 19,865 57,778 106.155 238,010 Other Profit / (Loss) on Sale of Listed Investments 14,253) Support Costs Governan costs Auditors, remuneration 4,056 3,936 Total resources expended 105,958 241.946 Net incomellexpendlturel 87,925 149,4811 This page does not form part of the statutory financial statements Page 17