REGISTERED CHARrrY NUM8ER: 328369 Flnanclal Stat•mènts The Shee sumer A111¢0 Limited ststLrtory Auditors Hemies House Fire Fty Avenue Swindon WAltshirp SN2 2GA
Fin lal Statements for the Year Ended 31 Decembfrr 20 Report of the Tnmte 1 to 3 Report of the Independent Audltors 4 to 5 Statement of Financial Athits Balan Sheet Notes to the Flnan¢lal St•tsm¢nts 8 to 15
rt ofthe Tntstses Year Ended 31 Dxembor The trustee5 present their report with the financial statements of th8 charity for the year ended 31 DeeMber 2024. The stee$ adopted tho prOV10n8 of AccountirKJ Reporting by Charitses: Ststement of R9mm6nded Pra¢e appli1 to charites preparing their accounts in acurdance ryth thè Finanoal Rep)rting Standard applicable in the UK and Repubfjc of Irela1 (FRS 102) {effectiNB 1 JaNary 2019). OBJECTIVES AND ACTMTIES Obje¢lives and alm8 The Sheepdrove Tru8t is a family charity and a large PropXb of the furKliry goes towards initiating the TrLts own projects and one of its deslres Is to support initiatives wht¢h incfoas8 SUStnabli ity. bi(¥JNefsty and organic taThning in Ihis county, for example research into sjrganic produ(on v4KI nUtrOn. Th8 Truste8s malntain an ongoing dIae Vth the iThli¥iduals and inststuhons to whom they ha fflade grants so as to assess their williwne5S to rminue that supwtL The Trustees request that all indtwduals and institutions update on thelr successes. This is done by mèans of reporis, meeting updatss. new51ettets and nalIs. This infomiation is kept vrith the Trust Administrator and enables ts Tne5 to wwsure their successes and make decisions about furthèr funding. The Tnte¢S also review new appIltiOnS for fvnds carefvlty trj ascertain rfthose ill be support. The Trustees haw paKI regarrl lo guidan issued by th8 Charity Commlssion in deryding what activthes the ¢hanty should undere. Al our tharitable aCtsbe5 are undertaken to fvrtr our charitable purposes for the public b8n8fit. ACHIEVEPAENfs AND PERFORMANCE The Charity has a portfolio of listed investrnents that had a market vakR as at 31 December 2024 of £28,815,999 induding cash aVailae for inNpstrn9nt (2023: £28.122.681). The funds are invested in giJc<l qualty invesbrents and the income. along Vith some of the wtal apprecjation ot the inv6stri&nts. is distribLrt8d at regular inieNats. During the year ended 31 December 2024 the fund generatsd incorne of £89,269 (2023.. £57,614). The Trttee$ grarrt&d new donations during the JEar totalllng £899,546 (2023.. £360.9421. A list of donauons Is indLKled in note 6. During the past 36 months. the Charity has supported the #StandByBees MpaIgn. spearheaded by Anabel Kindersley. The MpaIgn foed on cutting the use of hazardous pth.th and promoting nature-frlendty tamiirvJ in the UK in order to protect bees and the Briush countyside. FINANCIAL REVIEW The Chanty has unrestricted only, Ithith. at 31 Dnber 2024 ¥re £28.427,209. Al reserves are held in listed investrn8nts credrtors. The charty ha5 large levels of unrestiicted reser compared to ils level of annual experKliture as its mn Sour of income is from its investments vhjith need to be maintsined for future income generation. The tnjstees acknow18¢Jge tha inuease in funds typr recert year5 and will ils grant makiTrJ poli wÉth the aim of increasing its grant making. The Trustees wll continue to putsug a policy ofdistrtbuling funds held by the way of gran The financial objecti¥p of the Tnjst lo at least maintsin the real value of the assets vthilst generatir¥J a stable and su$lainab return to fund grant making. The Trust seeks to produce the best flnanaal relum within an acceptable level ol The investment criteria are regularly discussed by the Trustees with thé investment advis5. The inva5tm8rts are managed on a moderately risk averse basis. The Tntee$ are satisfied th8 inveslrnent pthmHnce. The Trug1888 have a88essed th8 major ri8k5 to which the ¢haiy is exsKsed, and are salisfied that sy&tems are In plac8 to mitigate exposure to the major risks. At the Trustees annual meeting, the Trustees dlscussed all ryjerattonal, 18gal and busln8ss rl&ks faced by the Charity and conflmi8d that have established systems to rntbJalE any SKdnificant risks. FUTURE PLANS Th8 Charty plans to continue its supwt for dr5e cause¥. STRUCTURE, GOVERNANCE AND IAANAGEMENT GOrnIng do¢umenl The charity is fAintrolted by its gobprning a deed oftnjst and Colte$ an [minco tharity. Page 1
e Shee forthe Year Ended 31 D•c8mbor 2024 STRUCTURE. GOVERNANCE AND IIANAGEMENT The Charlty Is c¢ntrdkd by tts governing documert a dedaraljon oftrust dabj 21 September 1989. Thè Trustees were alle to accumulate the income of ts irust fuThl until 21 Septernber2010. The number of Trusiees shall not be less than two nor more than Six The pobr of appoinb'rwJ Trustees is vested in the surviving or continuing Tnjstees. Any ne4Y Tntstees would bo trained arKJ inductal by the 0th8r Trustees. A]1 decisions affec"ng the management of the Charity and its assets are tskon by th8 Tntstees rnt at least once a year. The Trustees receW investrnent advice frr¥n RothsLild Bank (Cl) Limttoa. The Charity does not acw fundraise seeks to undertake Rs charitab18 lac11¥e8 tlyough the carefijl stwardghlp of its existing resources. Day to day managent ofthe Charity is delegated to wnployees seconded to the Charrty, paid by the Charity via a ()nnected party. REFERENCE AND ADMINISTRATIVE DETAILS R•gist8rvd Charity number Prin¢ipal addrv Sheepdmve Lamboume Hung•rford RG17 TUU Tru8t808 Mrs J E lfjThlersley P D Trfjnd8 B G lfjnder51ey Mrs A Kndersley Mrs H Treuille H craverlOne8 (appointed 21.8.24) Audito ser Auditco mited ststutoryALKlitors Hemies House Fire Fty Avenue Swindon Wiltshire SN2 2GA STATEME OF TRUSTEES. RESPON8IBILmES The trustees are responsible for preparirKJ tha Report of the Tntstees arKI the finaThl statements in accoTdancY with appbcable law aThJ United lQngd(xn A¢Unting Starthrds (un1j lQngdom Generalty Attapw Acc4)untirKJ Practice>. The law applicab to charths in England and Wal85. lh& Charilias Act 2011. Chwity {Accounts and Reporb) Regulations 2008 and the provtsions of the trust deed rw]uires Ihe trustees to prepare finanoal gtatsments for eath finanal year vthich give a true and fair Mew of the state of affairs of the charity ar of tho In)mIng rasources and aPpltiOn of r8s¢yJreAs, induding the income and experKltture, of the tharity forthat period. In preparing tho¥e finanaal statements, the trustees are required to select suitabk anting polioe5 and then apply them consis•. obsorvts th8 methods and principles In the Charrty SORP; make judgements and estimates that are reasonable and prudent prepar8 thè finanthal statements on the golng o)ncem basis unless it is inappropriate to presume that the charity V71 ¢onbnue in bu5irEss. The trustees are responsibte fDr W"ng pr4)er aixountirtyJ recknrds which dd0$8 with reaSonae accuracy at any tim8 thè financbal posrtion of the tharity and to enable them to ersure that the financial statements comply th the Charities Act 2011. the Charity (Accounts and Raports) Regulations 28 and th8 provisior6 of the tswst deed. Thoy are also responslble for safeguardiNJ the assets ot the chty and hen(t for taking reasonable steFts for the prenbOn and detectson of fraud and other irregularibes.
Re ort of Iho Tru8tee8 forthe Y•ar Ended 31 Docembor 2024 Approved by order ofthe Ix)ard of trustees on .... . ... ........ .... ................. and spjnad on ils bèhalf by.. J E )QndeIey- Tntee Page 3
Tru Oplnlan We audited the finan(xal ststernents of The sepdroNE Trust {the'chariW for the year ended 31 December 2024 which ccmprise the stateMt of Financial Acbv7bes. thè Balan Sheet and notes to the financial statements, induding a summary of Significant accounlirvj The financial reportirvj framth4vrk that has been applied in their preparatb)n is applicable law arKI Unlted Kjngdom AccounW StaThaards (Unltsd Klngdom Gonerdty Accept8d Accounting Practi}. In our opinion the financial statemeni8'. glve a true arKI fair view of the slate of the chanws affays as at 31 December 2024 of its IomIng r8sourc8s and application of r8source5. knthe yearthen ended: have been propth PrePad in accordan wrlh United In10M GeneraltyAc¢epkd Accounting Practi. aTrJ have been prepared in accordan with ts uIrements oftt Charibe5 Act 2011. Basls for oplnlon We conducted our audit in accordan Intemational SlaThJarfs on ALvJitsng (UK) (ISAs (UK)) and applicable raw. Our responsibllitles under those starKlards are fvrlher descxibed in Ihe Auditors, responsibilities for th& audit of thè financial statementg section of our reporL We are independent of th8 charty in accordance with the frthical requirements that are rdevant to our audtt of the financial slatements In the UK Includlng the FRQS Ethlcal StarKlard, nd wè hav8 fulfillAd our othér ethical responsibilities in SCUrdan ilh these requirements. We beliave that the audit evkgence VR ha ¢Jbtained 15 suffi¢aerf aThJ rypropriate to pthryde a basis for our opinion. oncluglon8 relatlng to golng concern In audtknng the finanaal ststements, vm have conduded ihat the InEtees' usg of the gorng concem basis of accounting in tha preparation ofthe ffinanoal ststnertS is appropriat Based on the Vrk Vlt have p8rfom18d. vo ha¥J not id8ntilwJ any material UnrtaInt relating to events or ¢(Inditior thaL IndidUallY or o)llect. may cast significant doubt on the charl$ abllity to continue as a going ¢>Jn¢¢m for a period ofat18a8t ts1Ve monlhs from the finarKyal statemerts arB au11KK for u&. Our rosponsiblllties and tha respon8ibilÉlie8 of Ihe Intstaes TAryth respe& to going txjncem ar8 descrftl in the rn18vant sections of this reporL Olher Information The tn5St&s a respon$Jle lor the ottr Infr)m1alM. The rrther in)miation comprises the infornation included in the Annual Repor( otherthan ts financlal 8taements and our Rq>ort of the Indeperrfjent Auditors therg)n. r opinion on the finan(xal 8tatemerts doe8 not ojver the other InfMl and, except to the extent otherYHe explicty stated in our por( do not e4$5 any fom assuran (xndusion thereo In ct)nnection with our audit of the financlal ststements. Jur responsibiltty Is to read the other infomialion and. in doing so. cortsidér whether the other inf0mtiOn is materially IOnSiStent tyth the financial siatements or cur knd[edg0 cttained in the audit or appears to be materialy mbsstated. If we identify such material innsIstenCES or apparent materlal mlsstatements, are required to detemiine vthetrRr this gi rlse to a material misstatement in the financial gtstements themsefves. If, based on the work * haNE pwfomied. condude that there Is a materfal misstatan8nt of this oth8r infomlation, w8 are Wulr to rewt that lacL We halfj nothing to report in this reg8rd. Mattovs on whlch w• r• r•qulr•d to r•port by •xc•p We have nolhing lo rpFQrt in resped of the fo[n9 matters where the Charthes {A¢unts and Report¥) Rogulations 2tX18 requires us to report to you rf. in our opinion: the irrfO81[0n giv8n in Ihe Rewrt of the Tnjstees is irKa)nsistent in any material respect ith the finanfial ststements: or suffiaent accounting records ha% not been kept or the financial statements are not in agreement TIh the accounting r&ords and reknms: or we have not Tl¥ej all Ihe inft)miatKm and ewlanations rU1r8 for wr audiL R•spon$lbllltl88 of tru8ta•s elaIned more fvlly in the Sfatement of Truslees. Responsibilities, the truslees are responsible forthe preparation of the flnandal statsments vthich glbe a truè 8nd fair ¥iew. and for such intemal control as thé trustees d8temiin8 Is necessary to enable Ihe preparation of financial statements that are free frcln mateiial mi53tatemen( whether due to fraud or error. In prepariNJ the Inan1 statents, the trustees are respons18 for assessing the charitys abilty to continuè as a goirrfJ concem, disdosing, as applicabk. rnatte related to going concem and using the going of accounting unless the trustees eltr*r intend to liqiidats lha charity or to op8ra1iorts. or hava realistic temative but lo do ¥0. Pago 4
In
Thesh
vo Trust
Our rnsponolbllltles for tho audit of th¢ financlal glatsmerrfl
We have been appointed as auditors undér Seclion 144 of fhe Charities Act 2011 and report in accord£nts tho Art
and relevant regulatlons made or having effect thereunder.
Our r*iects¥ES a to obtain reasonable assurdnce about whether the fjnancial Statem as a wthole are free from
material misstatemwt, wh8ther due to fraud or eor, and to i¥sue a Report of the IrMl8pend8nt AuditoTr that Ind
our oplnion. Reasonab assuran is a high iebl of 8ranCe. lyjt FS not a guarantee that an audil conducted in
accordance with ISA8 {UK) will av4y3 detect a material misststement frt exists. Mi8statwnents can arise trom fraud
or error and are considerwj material rf. intjividually or in the aggregate. they could reasonably be exFected to irrfFuen
the economic decistons of users taken on the ba$1$ of these financial statements.
The 8Xtent to ¢)ur procadures are wiable of detecling Irular[b"e5, induding fraud is datsllpAJ b810w.
Basad on our understandlng of the tharity arKI the grtt making actsvty. w8 Id8ntFfied that the prfncipal risks of
non
ststement rtheYgarE 1 Decembor 2024 2024 Unreslri¢ted fund 2023 Total funds INCOIIJE AND ENDOWIAENTS FROM Investsnt income 89.269 57,614 EXPENDITURE ON Roising funds 39.635 38,901 Chorltabh activili Grant making Save th• 8'S projert 954.390 111.818 392,201 70.710 Totsl 1.105,843 501.812 Nét gnS on investrnents 1,545,053 2.fAO,759 NEf INCOME 528,479 1,596,561 RECONCILIATION OF FUNDS Total funds broh1 foNArd 27,898,730 26.302,169 TOTAL FUNDS CARRIED FORWARD 28,427,209 27,898,730 The notss fomi part ofthese financial statents P86
The Shee Balance Sheot 31 DeCeMr 2024 2024 Unrestriraed fund 2023 Total funds FIXED ASSETS Investh)ents 12 28.815,wa 28.122,681 CURRENT ASSErs Debtors Cash at bank 13 109,551 61,962 110.218 62.629 CREDrr¢JR8 Amounts falling due WTlhin one 14 (345.008) (232.580) NET CURRENT ASSET8 (234,7SX)) (169.951) TOTAL AS8Efs L&8S CURRENT LIABILMES 28.581,209 27,952.730 CREDITORS Amounts falling due after more than one year 15 (154.000) (54.000) NET ASSETS 28,427,209 27,898,730 FUNDS Unrestricted funds 16 28.427.209 27,898.7 TOTAL FUNDS 28,427.209 27,898,730 The finaniial stslements weTr appro1d by the Board of TrteaS and authorised for issue on 2.1..October.2025...... and Sign on its LEhalf ty. P D iQnder*y- Trustee E lQndersiéy- Trustee The notes frJmi part ofthese financial stalements Page 7
drove Tnt Note to for the Yga 1 December 20 GENERAL INFORMATION The sheeIr0Ve Tt is an unincryjrated thar)le Intsi The tharitrfs registration number and address Can be found in the trustees, reporL ACCOUNTING poLlEs Bas18 of preparing the flnanclal statements The finenrial statements of the charity. is a pub¢ benefft entity er FRS 102. ha%e been prepared in accordan with the Charilie5 SORP {FRS 102) Accounling and Reporting by Charities: Statement of Recommended Practlce aptrAb to dMritieS kyyring Iheir accounts in accordance with the Finanaal Répo.ftg Stsndard applicab in the UK aTrJ Reput4io of Ireland (FRS 102) (effective 1 January 20191,. FinanrAal ReportTng Standard 102'The Financial Reporting Standard applicable in ts UK and Republic of Ireland, arKI the Charttles Act 2011. Tr finanual statements have been prepared under the histrJrlcal cost conbenticn. wth the exreption of ients Ththich are induded at market Wdlue. as m(Aified by the revduation of ¢xrtain assets. Tha finan ¥tatemenis haie been prepared to gve a Xru8 and faif Niew and hav• departed from tha Charib88 (Accounts and Reports) RulationS 2008 only to the extent required ts provide a Irue and falr eV#. This departure ha5 invol¥Ed following the Ac£ounting Reporbng by Chalknes.. Siatemènt of Racommend&J practi applicable to charrbes preparir#J their accounts in accordan wiu) Finanaal Reporting Standard apICable in the UK and Republic of Ireland (FRS 102) i$5ued on 16 Juty >014 r8ther than the Attounttng and Reporring by Charthes: Statement of RecommendeAI Practi effectiNE from 1 April 2005 which has since teen The ffinanoal slatemert5 are prepared in steylng vhmch is Ihe fvnctionaf cuThency of the charity and rounded to Ihe nearest pound. There are no s&nificant areas of judgements or key SOW of eslwnation uncertainty. The consider that thera are no materMI unwtaxrtie5 ab(Krt the Charitys )ifity to continue as a 5ng con(xrn. Flnan¢lal r•portlng Standa 102- reduud di%10sure exemptions The charity has tsken adwantage of the folloing dlsclosure exemption in Fxeparfng these finan81 statements. as Fernitted by FRS 102 Tr Financial ReporfirvJ Standard applicabb in the UK and Republic of Ireland,: the requlrements Df secti 7 Statement of Cash Fl( In¢we I Income reecJiNsad In the Statn8rt of Firran1 ALvrbes On the carity has entillement to the funds, it is prcthble that the InMe will be reCeId and the amount can be measured r81iaity. Intwt tjn furKls held deposlt b induded when receivab and the •nourrt can ba measur•Y relkbty by the charfty., this is nomialty upon notificlon of the interest pwd or payable bythe k. Dmdands are recognised onc the divlknd has been deck and notilllxllon has been recved of tho dmdend due. This is nOmial upon nlfilon by our H)Trmtsnent athIS of the divKlend of the investrnent portlolio. Expondituye Liabilltiès sr• rwiised as eypendiiure as soon as trere is a legal or construckne oNwti'on commitbng tha chanty lo that e¥endtbJre. it is probable that a transfer of economk b8ne16ts wll be required in s8tt18ment and th8 amount of the oblKJalion can be measured relot4y. EYpendre is accounted for on an accruals basis and has been a5ffied under headings that aggrgjats all cost related to the CAiegory. Where costs cannot be directly thbut8d to particular headiThJs tlw ha boen aU¢x*d to a¢bwbes on a basis conslstenl wrth the use of resour. Grants offered subject to c(¥vJibons not been met at the spar end dae are no1 as a commltment but not ac¢ru&l as 8yperKlknre. Taxallon Thè charity ks exeryt from tsx on its tharitable acli¥ibes. Fund ac¢ountlng Unrestricted fi1$ 12n be use(1 in accordan with the tharTfrable obi8cts¥Bs at the disuetion of the trust88S. Page 8 continued...
Not98 to th• Flnanclal Slatem•nts- cortlnu•d for the Year Ended 31 Decembèr 21124 ACCOUNTING POLICIES - continued Fund accountlng Restrided funds can arY be used fvr particular Stri(ed puryx)ses within the 0.ects of charity. Restrictiong arise vthen 5pe¢thed by the donor orwhw funds are ralsed for partkular restrl¢Xed purposes. Further ewanallon ofthe natu and wrpose ofeach fvnd is included in the notes to the ffinanoal statemerrts. Foreign currencies Assets and liabilths In foreign currencies are translated into sterllng at the rates of ex(ange ruling at the balan(Y sheet dakn Transactions in foreign CurrerleS are translatsd irrto sterfing at the rate of exchange ruling at ts date oftransadon. Ex(tange differences are taken into account in arriwng at the operating result. Flxed 80t inve81ments asset inveslments are inlially measured at tran58clion pri(* exduding transaction oosts, and are subs8qU8nlty measured at fair value at each reporting date. Changes in far YdbJ8 aye recLvJnised in net inwnelle>yThJrturel for the year. Transaclion costs are e>pensed as incurred. Debtorn Trade and other debtors are rerAgnised at the settlement amount due alkr any trade diSCnt offered. PrepayTnents are valued at ¥nount prepaid netot any trad8 discowts duo. Cash at bank and In hand Cash at bank and in haThl indudes cash ar#J short tern) highly liquid invesbn8nts th a short maturity of three months or less from the date of acquisition or opening ofthe deposit or gimilar aUnt Crndltor8 and prcvlslons Crediiors and prowsions are recognised vthere lh8 charity has a present oblrgation resulting from a past event that wll probably result in the transfer of funds to a third party and Ihe amount due to settte the 0[9a.0n can be rneasured or estimated reliably. Creditors and provisions are nonnally recognis&J at their setrlement amount after allov•ing for any trade discounts due. Financial in¥trumgnts The ¢harlty only has finandal assets and finandal liabilitses of a r1 that qualify as basic financial instruments, Basic financial Instmm are inibslly recognised at transactton value and subsequenty measured at thelr sethernent value with the excepts.on of bank loans vthich are subsequenty measured at amoiknsed cosl using the aflerAl inter8St meth(Kl INVESTMENT INCOME 2024 2023 In¢ome from listed invèstrnents Deposit account interest 87,226 2,043 56,872 742 89,269 57,614 RAISING FUNDS InvKtmgnt rnanagement costs 2024 2023 Portfolio management 38.901 PaJ8 9 contsnued...
The Shee drove Tru nts- contlnuod for the Year Ended 31 December 2024 CHARITABLE ACTIVMES COSTS Granl fiMK1iw of tiwtias (see note 6) Support costs (see note 7> Direct Costs Totsls Gratrt maknng Save Ihe Bee's 954.390 111.818 111,818 111,818 54.845 1,066,208 Page 10 conttnueAY...
Thes Not88 to th• Flnancla Slatement8- contlnu•d forthe Year Ended 31 D¢¢ember 2024 GRAP4TS PAYABLE 2024 2023 Grarrt making 899,546 360,942 2024 2023 Grants to IrtitionS (32 grants) Famiing. Wildltfe, Preservation - Bey¢)nd GM Fanning, Wildltfe, Preservation - Nanrith Int Famiing, Wildltfe, Preservation - Earlhed Famiing, Wildlife, Presewtion - OGA Fanning, Wildlife, Preservalion - The ElOgY Trust Famiing, wIlIfe, Preservation- Can Ciistofol Farming, wilIfe, PreseNalion- Care4cats Fam)ing, Wikllifa. PreseNation - Lavryers for Nare Faming, Wihjlife, Presetion- Whore Health AgriLyJltu Farming. Wildlif8, Preservation- Pasture for Life FamiTrJ. Wildlile, Preservation- ORFC FamirtsJ, Wildlik, Pr8s8rvation- Other Medione, Health - Cancer Prevenbon Soc Medicine. Heath _ Other Education, Schools- Maria Montessori Trust Education, Schc•)Is- UnNersity ofthe Arts Lonth)n Education. Schools- The Prison Phoenix Trust Education, Sth(ls- Other Arts. Cultura- The Watemill Theatre Arts, Cullure- Nevknury Spring Feslival Arts. Culture- Other Oiher 17,463 17,719 14,170 12,857 12.842 300.000 20.000 15,000 44,597 10,000 25,619 10.000 60.OCY) 10.000 3.414 200.CrfxJ 21.000 10.000 11.000 1 t)J.000 21.000 76.230 59,578 915.546 14.C(JO 366,942 4.500 Grants to indivtduals (1 grant) - Edu(*on 92g,546 370,942 Grants Wthdra (.000) (10,000) 899.546 360,942 RenlIalion ofgrants Commitments at 1 Januwy 224 Grants commltted lor the year Grants retumed Grants withdrawn Grants paid during the year 270.500 463,433 370.942 1,795 {10,000> {555,670) (30.000) {691,061) Commitments at 31 Decernir 2024 478,985 270,500 Commitments at 31 Oecamber 2024 are payable as foll3.. thin one year After more than one year 324,985 154.000 216,50) 54,0 Total 478,985 270,500 Page11 continu•l...
to the Financi for the Year Endod 31 Doco 24 SUPPORT COSTS Govemance fvlanagement Totals Grant making 45.539 9,306 S4,845 Support Cth8ts. Iruded in the above. ate as follow&.' 2024 Grant making 2023 Total activits8S Wages Other tharitablé ements Bank tha Sunddes Legal and professional Auditors, rémuneraicn 10.723 27,123 175 18 7.500 9.3C6 8,600 11,175 150 2,220 8,885 31,259 AUDrroRS' REMUNERATION 2024 2023 Fees payabk to the tharivs auditors for the auditofthe 1$ financial statements 8.885 TRUSTEES. REMUNERATION AND BENEFrrs The trustee, Helen Craven-Jones. Is emplo as an admini8trator for sheeptsth FaTm which invoices th8 charity ft)r the administration Tre¥ the trustee prowdes to the tharity. During the p0d frcffi her appointrnent as trusteé io tha year ènd of 31 Dec8mb8r 2024, Ih tharity paid the farrn £3.656. There We no tr4teeS. expenses paid for the year en¢ 31 De¢emter 2024 nor lor the year ended 310ecember 2023. 10. STAFF COSTS 2024 2023 Waps and s818riés 10,723 10,723 The average monthty number of e4nrAoyees durhg the yearwas as hlbjws: 2024 2023 Admlnlstralon No employees received emoluments in excess of£60,CIYJ. Page 12 continued...
The Shee Ar-. for Ihe Year Ended 31 December 2024 11. COMPARAnvES FOR THE STATEMENT OF FINANCIAL AcrivwriES Unrestricted fijnd INc(E AND ENDOVWEKf8 FROM Investment income 57,614 EXPENDrruRE ON Ralsing funds 38.giJ1 Charitable activTU Grant maknng Save Bee's projed 392,201 70.710 Totsl 501,812 Net gains on Inv8Stments 2,040.759 NET INCOME 1,596.5S1 RECONCILIATION OF FUNDS Total fvnds brought foThrnrd 26.302,169 TOTAL FUNDS CARRIED FORWARD 27,898,730 12. FIXED ASSET INVESTMENTS Cash and 5etUements fvwestrnents pendir Tota]s MARKET VALUE Al 1 January 2024 Addibons Di3pa5als Revaluations 28.036,930 1.331.181 (2.158,108) 1.545.053 85,751 28,122,681 1.331.181 124,808) (2,182,916) 1,54S.053 At 31 Decemr 2LY24 28.755. 60.943 28,B15,999 BOOK VALUE At 31 December 2024 28.755.056 60.943 28.815.999 At 31 DeLYmber 2023 28,036,930 85,751 28,122,681 Analssls of Investments.. 2024 2023 UK securities Chersea5 securibes Cash 26.807,553 1.947.503 60.943 26,499,638 1,537,292 85,751 28.815.999 28,122.681 The inves1mèrrts ara held to provtde an investment retum Icf the charty and are listed on ren stod( exchanges and managed by independent fund manager& Page 13 continued...
8 Shéé drov• Trn for the Year Ended 31 December 2024 13. DEBTORS: AMouKf8 FALUNG DUE wrrHIN ONE YEAR 2024 2023 Other debtors 667 667 14. CREDITORS". AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2024 2023 Accruals and deferrgj income Accruals for grant5 payable 20.023 324,985 16.080 216,500 345.008 232.580 16. CREDrroRS: AIAOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 ACCAUa for grants payable 154.OtM) 54.000 16. OVEMEKf IN FUNDS Net movement funds At 1.1.24 31.12.24 Unreslrithd funds General fund 27,898,730 528.479 28,427.209 TOTAL FUNDS 27.898,730 528.479 28,427,209 Net movement n tund8, included in the abm are as foll(Th" Incoming Resources expended Gain8 and losses Movement In funds Unrestri¢ted funds General fund 89.269 {1.105,843) 1,545,053 528,479 TOTAL FUNDS 89.269 (1,105,843) 1.545.053 528,479 Comparaths for movement In funds Net movement in fund5 At 31.12.23 At1.1.23 Unro8trlctod funds General fund 26,302,169 1.596,561 27,898,730 TOTAL FUNDS 26,302.169 1.596.561 27.898,730 Pag? 14 Continued...
The She• Notès to the Flnanclal Statements - eonti lor the Year Ended 31 December 2024 16. MOVEMENT IN FUt4DS - ¢ontlnued Comparatiw nel mov8ment In fund4 indd in the abM a as follows: IrQMIng Resour Our ex4)end8d Gains and losses klovement in fttnds Unrastrictsd fvnd8 General fvnd 57.614 (501.812> 2,040,759 1.596.5S1 TOTAL FUNDS 57.614 (501.812) 2,IJ40,759 1,596,561 17. RELATED PARTY LXSCLOSURES Neal'8 Yard Remedies is a Gompy in which the trustees ¥e sharehoklars. During thé d)arfty paid a grant of £2.875 to Tabttha Rotrtson Aromatherapy for treatrnents ried out at Neal's Yard premises for Grenfell Tower sufviwJF5. Tre Trust also paid £1,887 for Rewlding surveys and adiry £11.429 for restoration work arKI hedgelaying on thé Sheepdrove Fami. a tam which the trustees ovn. In 2022, Neal's Yard Remedtes launCd a new Mpai to protect the prectous bee population. Anabel lfjndersley. cGknovmer of Neal's Yar<l, hostsj a Bee Symposium in June 2022. bringlng together lik84ninded businesses to debate and address the issue of b•8-hamiing neonicotinoid pStiCIdeS and explore way5 of worklng with nature to protect the UKS bee population. The SheeFMlrove Trust fund*J the Bee Symposium and eontinues to support the Save the Bees campaign. Page 15