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← The Country Food Trust

2025-08-31-accounts

FEEDING PEOPLE IN NEED ACROSS THE UK

Report of the Trustees and financial statements for the year ended 31 August 2025

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COUNTRY FOOD ~~
TRUST
COUNTRY FOOD COUNTRY FOOD
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ANNUAL REPORT 2025
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REGISTERED CHARITY NUMBER: 1162699 England & Wales REGISTERED CHARITY NUMBER: SC051118 Scotland

WELCOME FROM THE CHAIR

| would like to begin this year’s Trustees’ Annual Report by thanking my predecessor, our past Chairman, Sir Charles Walker who has been a fantastic Chair. His energy and drive has been unparalleled. He leaves hard shoes to fill and fortunately, for me, has agreed to continue as a Trustee so that we can continue to benefit from his experience and enthusiasm. On behalf of all our Trustees and all beneficiaries of the CFT, | also wish to thank our fellow Board member Simon Cleverly. His contribution over the years has been amazing, he has done so much to further the cause of CFT and ensuring we maximised our objective of feeding people in need. We all have much to thank him for and wish him well.

| would also once again wish to thank our many generous supporters. It is your donations, goodwill, and commitment that make our work possible. Without you, CFT simply could not deliver the impact it does.

Over the past twelve months, The Country Food Trust has continued to expand its reach, providing high-quality, nutritious meals to those most in need across the UK. Demand for our products remains strong, and our mission — to ensure that families facing hardship have access to healthy, protein-rich food — is more relevant than ever.

Scotland has yet again been a particular highlight. Mark French, our dedicated Trustee, and his Supporters have continued to show extraordinary energy in building our profile north of the border, establishing new partnerships, and ensuring CFT is recognised as a vital part of local community support.

This year also saw us deepen our collaboration with those of our partners delivering deer management. Following the pioneering agreement in East and West Sussex over the last year, we are now expanding similar models into Suffolk, Devon and beyond. CFT coordinates the entire process, so that venison can move seamlessly from field to foodbank. These partnerships have proven to be both sustainable and scalable, showcasing our conservation work alongside alleviating food insecurity.

Looking ahead, our focus remains on increasing the CFT’s self-sufficiency whilst reducing its exposure to fluctuations in supply. By diversifying our sourcing, strengthening regional partnerships, and maintaining high standards in logistics, we are well placed to meet rising demand.

We remain committed to our founding ambition: delivering nutritious, high-protein meals — in the form of pre-cooked ambient meals and raw meat products — to those who need them most. With your ongoing support, we will continue to grow our impact and ensure that good food reaches the families and communities who need it most.

Rt Hon Sir Brandon Lewis, CBE

Chair of The Country Food Trust

THE COUNTRY FOOD TRUST

Contents of the Financial Statements

for the Year Ended 31 August 2025

Page
Reference and Administrative Details ofthe Charity,
its Trustees and Advisers 1
Trustees’ Report 2-7
Independent Auditors Report 8-11
Statement of Financial Activities 12-13
Balance Sheet 14
Cash Flow Statement 15-16
NotestotheFinancialStatements 17-27

THE COUNTRY FOOD TRUST

Reference and Administrative Details of the CIO, Its Trustees and Advisers for the Year Ended 31 August 2025

Trustees: Rt Hon Sir B Lewis CBE, Chair (appointed 24 June 2025) Sir C Walker KBE Mr P SC Cleverly (resigned 24 September 2025) Mr A Stone Mrs S J Radford, Honorary Treasurer Mrs A Skinner Mr M French Mr S D Green Charity Registered Number: 1162699 (England & Wales) $C05118 (Scotland) Principal Office: P O Box 114 Wotton-under-Edge Gloucestershire G11 9BQ Chief Executive Officer: Miss S J Bryan-Hunt Auditor: Wenn Towsend Chartered Accountants Watermoor Point Watermoor Road Cirencester GL7 1LF Bankers: Weatherbys Bank Ltd Sanders Road Wellingborough Northamptonshire NN8 4BX Hampden’s Bank 9 Charlotte Square Edinburgh EH2 4DR

1

THECOUNTRYFOOD TRUST

The Trustees Report for the Year Ended 31 August 2025

The Trustees present their annual report together with the financial statements for the year ended 31 August 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the CIO's Constitution dated 16 July 2015, the Charities Act 2011 and "Accounting 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 (FRS 102)”.

Objectives and activities

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Food Distribution
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During the financial year we delivered nearly 500,000 meals with a wide circulation across the UK. The organisations that received food were, foodbanks, community kitchens and homeless shelters.

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THECOUNTRYFOOD TRUST for The Trustees Report the Year Ended 31 August 2025

47 Tonnes of Protein delivering nearly 500,000 meals

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The breakdown of our distribution across the UK was: England 85%, Scotland 14% and Wales 1%.

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MPheasant MPartridge Venison & Turkey
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75%
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The vast majority of meat donated this year was venison as we began our deer management projects. Small Game meat was 19% of distribution.

3

THE COUNTRY FOOD TRUST

The Trustees Report for the Year Ended 31 August 2025

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Quantity Meals Distributed by Month
100,000
80,000
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40,000
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We continue to experience our busiest months for delivering food in the winter, when a hot, high nutrition meal is essential. Our busiest months for procuring meat is also during this period and we send out raw meat as soon as possible in frozen format. The ambient meals are distributed evenly across the year in smaller quantities.

Financial results and review of the year to 31 August 2025

The financial results for the year are set out on pages 9-21 and show a net surplus of £52,348 for the year (2024 deficit £14,631) with net assets at 31 August 2025 of £163,555 (2024 £111,207). Income this year from all sources amounted to £649,330 (2024 £696,448). Total expenditure was £596,982 compared with £711,079 last year.

Forecasting income continues to be a highly uncertain business, underlining the continuing necessity to maintain a sensible level of cash reserves. Costs are kept constantly under review.

Principal risks and uncertainties

The Trustees have assessed the major risks to which the CIO is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The Trustees havea duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Charity maintains a risk register. A risk assessment is continuously monitored and presented at Trustee meetings, as in previous years the highest risks identified relate to the uncertainty of future income.

Reserves policy

It is the policy of the CIO that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months’ expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the ClO's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the period.

Total free reserves at 31 August 2025 were £134,564.

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THE COUNTRY FOOD TRUST

The Trustees Report for the Year Ended 31 August 2025

Structure, governance and management

Constitution

The Country Food Trust was established by Constitution on 16 July 2015 as a Charitable Incorporated Organisation.

Method of appointment or election of Trustees

The Constitution states that there must be at least two charity Trustees. There is no maximum number.

The first charity Trustees were appointed for the following terms; Mr A Stone for 4 years; Mr S Green tor 3 years.

Apart from the first charity Trustees, Trustees are appointed for a term of four years.

When a vacancy on the Board arises, Trustees will consider suitable individuals and make recommendations to the Board. Prospective candidates are met by the Chairman and an existing Trustee to find out about the expertise and qualities that they could bring to the Board and to ensure that he/she is fully aware of the requirements and the statutory duties of a Trustee. New Trustees are appointed by a resolution passed at a properly convened meeting of the charity Trustees.

Policies adopted for the induction and training of Trustees

The charity Trustees will make available to each new charity Trustee, on or before, his or her first appointment:

(a) | acopy of the current version of the Constitution; (b) acopy of the CIO's latest Trustees' Annual Report and Statement of Accounts; and (c) relevant Charity Commission publications.

None of the Trustees have any beneficial interest in the ClO. All of the Trustees are members of the ClO and guarantee to contribute £1 in the event of a winding up.

Public Benefit

The key public benefit which The Country Food Trust aims to deliver is the free provision of high-protein, low-cholesterol meals for those most in need in the community.

Organisational structure and decision making

The Board of Trustees set the strategy to achieve the charity's objects and oversee its implementation. The day to day management of the charity's affairs and line management of staff are delegated to the Chief Executive. The Chief Executive is responsible for implementing agreed policy and strategy, as delegated by the Trustees.

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THE COUNTRY FOOD TRUST

The Trustees Report for the Year Ended 31 August 2025

Fundraising

The Charity is a member of the Fundraising Regulator and as such abides by the Code of Fundraising Practice for the UK.

The Charity’s approach is to ensure that it complies with the standards as set out in the Code across all of our fundraising activities. It does not engage with any third-party fundraisers. It complies with the key principles and behaviours of the Code to ensure that any vulnerable persons are treated fairly. All staff go through mandatory training when they join the Charity. It strives to always act ethically and responsibility, using best practice when communicating with our supporters.

During the year it did not receive any complaints relating to fundraising.

The Charity applies best practice to protect its supporter data; it never swaps or sells data and only uses information that is compliant with the General Data Protection Regulation (GDPR). It takes seriously the need to achieve the highest standards and is not aware of any failure on its part to comply with fundraising standards.

Diversity, Equality and Inclusion

The Charity follows its diversity and inclusion policies. The CEO and Trustees continue to consider the representation of The Country Food Trust’s stakeholders at all levels including beneficiaries staff, ambassadors, volunteers, Trustees, and advisors and to strive to have a diverse representation.

Climate change

The charity does not consider climate change to be a principal risk or uncertainty for its longevity however it continues to have regard to the impact of its operations on the community and the environment.

Donor Acknowledgement

The Country Food Trust is extremely grateful for all the very generous donations it has received during the year including those from private individuals, corporate sponsors, retailers operating point-of-sale donation systems, Charitable Trusts and Foundations as well as some Community Foundations.

It would also like to thank it’s Patrons and Ambassadors for their ongoing support and time commitment.

6

THECOUNTRYFOOD TRUST The Trustees Report for the Year Ended 31 August 2025

Trustees’ Responsibility Statement

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).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the Trust deed requires the Trustees to prepare financial statements for each financial 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the Trustees are required to:

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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets 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 and PENSIGNED SECURELY20262026at its behalf by:

SIGNED12/03/2026SECURELY20262026at 2:21:34 PM UTC

anak, [L. SIGNED SECURELY vl pegs PM UTC

Mrs S J Radford, Honorary Treasurer

7

THE COUNTRY FOOD TRUST

Report of the Independent Auditors to the Trustees of The Country Food Trust

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for the Year Ended 31 August 2025
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Opinion

We have audited the financial statements of The Country Food Trust (‘the Charity’) for the year ended 31 August 2025, which comprise the Statement of Financial Activities, the Balance Sheet, cashflow statement 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, including Financial Reporting Standard FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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 responsibilities 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 going concern

In auditing the financial statements, we have concluded that the Trustees use 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 theresponsibilities of the trustees with respect to going concern are described in the relevant sections of the report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Trustees’ annual report, other than the financial statements and our auditor's report 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 statements, 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 misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this information, we are required to report that fact.

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THE COUNTRY FOOD TRUST

Report of the Independent Auditors to the Trustees of The Country Food Trust for the Year Ended 31 August 2025

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ Responsibilities Statement [set out on page 7], the Trustees are responsible for the preparation of 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 unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)c of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made of having effect there under.

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 an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (Uk) will always detect a material misstatement 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 influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or

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THE COUNTRY FOOD TRUST

Report of the Independent Auditors to the Trustees of The Country Food Trust

for the Year Ended 31 August 2025

non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned Scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

10

THE COUNT. QOD TRUST Report of the Independent Auditors to the Trustees of The Country Food Trust for the Year Ended 31 August 2025

Use of our raport

This report is made sofaly to the Charity's Trustees, as a body, In accordance with Part 4 of the Gharities (Accounts and Reports) Regulations 2008, Our audit work has been undertaken so that we might state fo the Charily'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.

Wenn Townsend Chartered Accountants Eligible to act as an auditor In terms of section 1212 of the Companies Act 2006 Watermoor Point Waterrmoor Road ‘ Clrencester GL7 1LF

11

THECOUNTRYFOOD TRUST

Statement of Financial Activities for the Year Ended 31 August 2025

Unrestricted Restricted Total Total
Fund Funds Funds Fund
2025 2025 2025 2024
Note £ £ £ £
INCOME FROM:
Donations and legacies 2 404,838 120,000 524,838 394,456
Other activities:
Fundraising 3 93,635 - 93,635 301,264
Trading activities 4 857 - 857 173
Investment income - - - 555
TOTAL INCOME 529,330 120,000 649,330 696,448
EXPENDITURE ON
Raising funds:
Costs of raising funds 5 46,065 - 46,065 76,918
Charitable activities 6,7,8 447,408 103,509 550,917 634,161
TOTAL EXPENDITURE 493,473 103,509 596,982 711,079
NET GAIN/DEFICIT BEFORE OTHER
RECOGNISEDGAINSANDLOSSES 35,857 16,491 52,348 (14,631)
NETMOVEMENT IN FUNDS 35,857 16,491 52,348 (14,631)
RECONCILIATION OF FUNDS:
Total funds brought forward 98,707 12,500 111,207 125,838
TOTALFUNDSCARRIEDFORWARD 134,564 28,991 163,555 111,207

The notes form part of these financial statements

12

THE COUNTRY FOOD TRUST

Statement of Financial Activities for the Year Ended 31 August 2025

Analysis of prior year figures

Unrestricted Restricted Total
Fund Funds Funds
2024 2024 2024
Note £ £ £
INCOME FROM:
Donations and legacies 2 335,956 37,500 394,456
Other activities:
Fundraising 3 301,264 - 301,264
Trading activities 4 173 - 173
Investment income 555 - 555
TOTAL INCOME 658,948 37,500 696,448
EXPENDITURE ON
Raising funds:
Voluntary income 5 76,918 - 76,918
Charitable activities 6,7,8 604,161 30,000 634,161
TOTAL EXPENDITURE 681,709 30,000 711,079
NET GAIN/DEFICIT BEFORE OTHER
RECOGNISED GAINS AND LOSSES (22,131) 7,500 (14,631)
NETMOVEMENT IN FUNDS (22,131) 7,500 (22,131)
RECONCILIATION OF FUNDS:
Total funds brought forward 120,838 5,000 125,838
TOTALFUNDSCARRIEDFORWARD 98,707 12,500 111,207

13

THECOUNTRYFOOD TRUST

Balance Sheet as at 31 August 2025

Unrestricted Restricted 31 August 31 August
Fund Fund 2025 2024
Note £ £ £ £
FIXED ASSETS
Fixed assets 13 504 - 504 1,261
CURRENT ASSETS
Debtors 14 2,249 - 2,249 8,851
Cash at bank and in hand 148,865 28,991 177,856 122,783
151,114 28,991 180,105 131,634
CREDITORS:
Accounts falling due within one
Year 15 (17,054) (-) (17,054) (21,688)
NETCURRENTASSETS 134,060 28,991 163,051 109,946
NETASSETS 134,564 28,991 163,555 111,207
CHARITY FUNDS
Restricted funds - 28,991 8,891 12,500
Unrestricted funds 134,564 - 154,564 98,707
TOTALFUNDS 134,564 28,991 163,555 111,207

The financial statements were approved by the rrugibedSIGNEDO3/ SECURELY2026 and signed on their behalf by:

SIGNEDO3/ SECURELY202612/03/2026O3/ SECURELY2026 SECURELY20262026at 2:21:34 PM UTC

Sarak [s. SIGNED SECURELY “odtanoe cr tnics PM UTC Ms S J Radford, Honorary Treasurer

The notes form part of these financial statements

14

THE COUNTRY FOOD TRUST

Cash Flow Statement for the Year Ended 31 August 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |CASH|USED|IN| |OPERATING|ACTIVITIES|55,073|(46,972)| |CASHFLOW|FROM| |INVESTING|ACTIVITIES| |Payments|to|acquire|tangible|fixed|assets|-|-| |Investments|returned|-|-| |Cash|provided|by|(used|in)|investing|activities|-|-| |(DECREASE)/INCREASE|IN|CASH|55,073|(46,972)| |CASH|AND|CASH|EQUIVALENT AT|THE| |BEGINNING|OF|THE|YEAR|122,783|169,755| |TOTAL|CASH|AND|CASH|EQUIVALENT AT| |THE|END|OF|THE YEAR|£|177,856|£122,783|

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THE COUNTRY FOOD TRUST

Cash Flow Statement for the Year Ended 31 August 2025

2025 2024
RECONCILIATION OF OPERATING (DEFICIT) TO NET
CASH (OUTFLOW)/INFLOW FROM OPERATING ACTIVITIES
Net (Outgoing)/Incoming resources 52,348 (14,631)
Depreciation 757 1,423
Loss on disposals - 266
Decrease/(Increase) in debtors 6,602 (5,431)
(Decrease)/Increase in creditors (4,634) (28,599)
Netcash(outflow)/inflowfromoperativeactivities £55,073 £(46,972)

ANALYSIS OF CHANGES IN NET FUNDS

Other non-
Cash
1 Sep 2024 Cash flow Changes 31 Aug 2025
Cash at bank and in hand £122,783 £55,073 - £177,856

16

THE COUNTRY FOOD TRUST Notes to the Financial Statements for the Year Ended 31 August 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the Charitable Settlement, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting 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 (FRS 102) (Update Bulletin 2)', Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial 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.

The Charity has applied Update Bulletin 2 and does not include a cash flow statement on the grounds that is it applying FRS 102 Section 1A.

Going concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the ClO has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis preparing the accounts.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the ClO and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the CIO for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

Income

All income is recognised once the CIO has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Cash donations are recognised on receipt. Other donations are recognised once the CIO has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants and donations subject to the specific wishes of the donor are credited to relevant restricted funds.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

17

THECOUNTRYFOOD TRUST Notes to the Financial Statements for the Year Ended 31 August 2025

Accounting Policies (continued)

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent and depreciation charges allocated on the portion of the asset's use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the ClO and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the ClO and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income and those incurred in trading activities that raise funds.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Tangible fixed assets and depreciation

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Office equipment

20%

the shares in the subsidiary undertaking and are included at cost.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event. It is probable that a transfer of economic benefit will be required in settlement and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the CIO anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

18

THE COUNTRY FOOD TRUST

Notes to the Financial Statements for the Year Ended 31 August 2025

Accounting Policies (continued)

Financial instruments

The ClO only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Reserves policy

It is the policy of the ClO that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months’ expenditure. This level of reserves has been maintained throughout the period.

Pensions

The CIO operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the CIO to the fund in respect of the period.

2. Income from donations and legacies

Unrestricted Restricted Total Total
Funds Funds Fund Funds
2025 2025 2025 2024
£ £ £ £
Donations 274,456 120,000 394,456 394,456
Total 274,456 120,000 394,456 394,456
Fundraising Income
Unrestricted Restricted Total Total
Funds Funds Fund Funds
2025 2025 2025 2024
£ £ £ £
Events income 93,635 - 93,635 301,264
Grants - ™ . "
93,635 - 93,635 301,264
  1. Fundraising Income

19

THE COUNTRY FOOD TRUST

Notes to the Financial Statements for the Year Ended 31 August 2025

4. Trading activities

Unrestricted Restricted Total Total
Funds Funds Fund Funds
2025 2025 2025 2024
£ £ £ £
, Charity trading income
Sales 857 - 857 173
5. Cost of raising funds
Unrestricted Restricted Total Total
Funds Funds Fund Funds
2025 2025 2025 2024
£ £ £ £
Cost ofevents 46,065 - 46,065 76,918
6. Direct Costs
Restricted
Activities Funds Total Total
2025 2025 2025 2024
£ £ £
Manufacturing and Food
Marketing and Website
Salaries and Wages
National Insurance
Pension Costs		 250,086
4,250
89,957
6,771
10,206		 100,000
-
3,509
-
-		 350,086
4,250
93,466
6,771
10,206		 408,328
4,072
115,844
14,100
5,303
361,270 103,509 464,779 547,647

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THE COUNTRY FOOD TRUST

Notes to the Financial Statements for the Year Ended 31 August 2025

7. Support costs

==> picture [406 x 434] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Restricted| |Activities|Funds|Total|Total| |2025|2025|2025|2024| |£|£|£|£| |Consultancy|-|-|-|-| |Insurance|and|legal|2,492|-|2,492|2,688| |Office|costs|66,863|-|66,863|61,548| |Travel|expenses|7,232|-|7,232|7,937| |Entertainment —|staff|243|-|243|1,234| |Entertainment|—|other|-|-|-|131| |Sundry|expenses|678|-|678|1,433| |Recruitment|and|other|staff|costs|417|417|670| |Hotels|1,156|-|1,156|3,056| |Merchandise|and|PR|-|-|-|128| |Trustee|expenses|-|-|-|-| |Depreciation|757|-|757|1,423| |Loss|on|disposal|-|-|-|266| |79,838|=|79,838|80,514| |Governance|costs| |Unrestricted|Restricted|Total|Total| |Funds|Funds|Fund|Funds| |2025|2025|2025|2024| |£|£|£|£| |Audit|fees|6,300|-|6,300|6,000| |Independent|examination|fees|-|-|-|-| |6,300|-|6,300|6,000|

----- End of picture text -----

  1. Governance costs

21

THE COUNTRY FOOD TRUST

Notes to the Financial Statements for the Year Ended 31 August 2025

9. Analysis of Expenditure - by expenditure type

Staff costs Depreciation Other costs Total Total
2025 2025 2025 2025 2024
£ £ £ £ £
Costs ofgenerating
Funds:
Expenditure on raising
voluntary income - - 46,065 46,065 76,918
Charitable activities:
Direct costs 110,443 757 433,417 544,617 628,161
Expenditure on
Governance - - 6,300 6,300 6,000
Total 2025 110,443 757 485,782 596,982 711,079
Total2024 135,247 1,423 574,409 711,079

10. Net Surplus/Deficit

This is stated after charging:

This is stated after charging:
31 August 31 August
2025 2024
£ £
Depreciation of tangible fixed assets 757 1,423
Loss on disposals - 266
AuditFees 6,300 6,000

22

THE COUNTRY FOOD TRUST

Notes to the Financial Statements for the Year Ended 31 Auqust 2025

11. Trustees

None of the Trustees (or any persons connected with them) received any remuneration from the CIO during the period.

12. Staff costs

31 Aug 2025 31 Aug 2024
£ £
Wages and salaries 93,466 115,844
Social security costs 6,771 14,100
Other pension costs 10,206 5,303
110,443 135,247

The average monthly number of persons employed by the CIO during the period was as follows:

31 Aug 2025 30 Aug 2024
No. No.
Chief Executive 4 {
Administration 1 2
2 3
The number of higher paid employees was one
31 Aug 2025 30 Aug 2024
No. No.
Intheband£80,001-£90,000

The key management personnel of the ClO comprise the Board of Trustees and the Chief Executive. The total employment benefits, including employer pension contributions, of the key management personnel were £105,974 (year to 31 August 2024 £101,005).

23

THE COUNTRY FOOD TRUST

Notes to the Financial Statements for the Year Ended 31 August 2025

13. Tangible fixed assets

Office equipment
£
Cost
At
1 September 2024		 3,029
Additions
Disposals		 z
(-)
At 31 August 2025 3,029
Depreciation
At 1 September 2024 1,768
Charge for the period
Disposals		 57
(-)
At 31 August 2025 2,525
Net book value
At 31 August 2025 504
At31August2024 1,261

24

THE COUNTRY FOOD TRUST

Notes to the Financial Statements for the Year Ended 31 August 2025

14. Debtors

==> picture [413 x 296] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |31|August|31|August| |2025|2024| |£|£| |Gift Aid|recoverable|1,231|1,768| |Donation|receivable|1,018|1,428| |Other|debtors|-|5,655| |2,249|8,851| |Creditors:|amounts|falling|due|within|one|year| |31|August|31|August| |2025|2024| |£|£| |Trade|creditors|6,034|10,769| |Other|taxation|and|social|security|2,426|2,703| |Other|creditors|1,944|1,286| |Accruals|and|deferred|income|6,650|6,930| |17,054|21,688|

----- End of picture text -----

15. Creditors: amounts falling due within one year

16. Statement of funds

Statement of funds — current year

==> picture [408 x 138] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Balance|at|Balance|at| |1|Sept|31|August| |2024|Income|Expenditure|2025| |£|£|£|£| |Unrestricted|funds| |General|Fund|98,707|529,330|493,473|134,564| |Restricted|funds| |Community|Trusts|12,500|120,000|103,509|28,991| |Total|of funds|111,207|649,330|596,982|163,555|

----- End of picture text -----

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THE COUNTRY FOOD TRUST

Notes to the Financial Statements for the Year Ended 31 August 2025

18. Statement of funds (continued)

==> picture [406 x 148] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Statement|of funds|—|prior|year| |Balance|at|Balance|at| |1|Sept|31|August| |2023|Income|Expenditure|2024| |£|£|£|£| |Unrestricted|funds| |General|Fund|120,838|658,948|681,079|98,707| |Restricted|funds|5,000|37,500|30,000|12,500| |Total|of funds|125,838|696,448|711,079|111,207|

----- End of picture text -----

The general fund relates to the amounts donated to the CIO with no restriction imposed on them by the donor.

19. Restricted Funds

Community Trust donations were given to help provide meals to food banks at cost price.

20. Analysis of net assets between funds

Analysis of net assets between funds — current year

==> picture [410 x 126] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Balance|at| |Funds|Funds|31|August| |2025|2025|2025| |£|£|£| |Fixed|assets|504|-|504| |Current|assets|151,114|28,991|180,105| |Creditors|due|within|one|year|(17,504)|-|(17,504)| |134,564|28,991|163,555|

----- End of picture text -----

26

THE COUNTRY FOOD TRUST

Notes to the Financial Statements for the Year Ended 31 August 2025

21. Analysis of net assets between funds (continued)

Analysis of net assets between funds — prior year

Unrestricted Restricted Balance at
Funds Funds 31 August
2024 2024 2024
£ £ £
Fixed asset 1,261 - 1,261
Current assets 119,134 12,500 131,634
Creditors due within one year (21,688) - (21,688)
98,707 12,500 111,207

22. Pension commitments

:

The ClO operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the CIO in an independently administered fund. The pension cost charge represents contributions payable by the CIO to the fund and amount to £10,206 (2024 - £827). Contributions totalling £859 (2024 £nil) were payable to the fund at the balance sheet date and are included in creditors.

27