Charity registration number: 1031940
## Fresh Fields Enterprises
Annual Report and Financial Statements for the Year Ended 31 March 2023
KM Chartered Accountants 1st Floor, Block C The Wharf Manchester Road Burnley Lancashire BB11 1JG
## **Fresh Fields Enterprises**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 to 13|
## **Fresh Fields Enterprises**
||**Reference and Administrative Details**|
|---|---|
|**Trustees**|Mr K Bailey|
||Mr N Beecham|
||Mrs M Brindle|
||Mr W Brindle|
||Mr R G Glover|
||Mr J Ormerod|
||Mr G Salthouse|
|**Secretary**|Mr R G Glover|
|**Charity Registration Number**|1031940|
|**Principal Office**|Morecambe Lodge|
||Cemetery Lane|
||Off Rossendale Road|
||Burnley|
||Lancashire|
||BB11 5QB|
|**Independent Examiner**|KM|
||Chartered Accountants|
||1st Floor, Block C|
||The Wharf|
||Manchester Road|
||Burnley|
||Lancashire|
||BB11 1JG|
|**Bankers**|Lloyds Bank plc|
||7 Manchester Road|
||Burnley|
||Lancashire|
||BB11 1HT|
Page 1
## **Fresh Fields Enterprises**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2023.
## **Objectives and activities**
## **Objects and aims**
The object of the charity as stated in its constitution dated 12th November 2019 is:
The general benefit of people with learning difficulties and/or physical disabilities in such manner as may be charitable and in particular through the provision of training facilities which shall equip such people to lead a full and satisfying life.
In particular this aims:
To create an opportunity for education and employment for disabled and disadvantaged adults and in so doing make the lives of its trainees more enjoyable and fulfilled, and
To use staff and volunteers to provide products and services to customers at a commercial rate.
## **Achievements and performance**
This year has seen a steady improvement in our business, with more students enrolling throughout the year. However, any increase in business does not come without problems. The site's toilet facilities had become inadequate. In order to accommodate additional toilets, the outdated Reed Bed System needed to be replaced with a Septic Tank system, the total project came at a cost of £60,000. We were able to secure a “Better Care Fund” grant, via Burnley Borough Council, whom we thank for securing the funding.
The site is now future proofed in this respect and the project has enabled us to build a new toilet block at the opposite end of the site.
The Trustees are considering future plans which include acquiring an additional site for future expansion.
The age profile of the Trustees is such that they are seeking younger board members with the appropriate knowledge and experience to future proof the Board and to maintain the sustainability of Freshfields.
Whatever the Board endeavour to achieve, the focus is always aimed at the students in making their experience at Freshfields worthwhile and in giving them a better quality of life.
The trustees thank the staff team for the professionalism in the work they do.
## **Financial review**
## **Policy on reserves**
The Trustees have reviewed the Charity's needs for reserves in line with the guidance issued by The Charity Commission and have agreed to hold a general reserve in respect of unrestricted funds in the region of at least £150,000 over and above those reserves represented by unrestricted fixed assets within the Charity's balance sheet. The general reserve at the year end stands at £329,882 which is in excess of the agreed reserve. The excess will be used for development of the charity, including improvements to the leased property that we use.
Page 2
## **Fresh Fields Enterprises**
## **Trustees' Report (continued)**
## **Structure, governance and management**
## **Nature of governing document**
The organisation was a charitable company limited by guarantee, and converted to a Foundation Charitable Incorporated Organisation on the 12th November 2019.
## **Recruitment and appointment of trustees**
The Trustees are appointed by existing Trustees as vacancies arise and/or additional skills are needed.
## **Organisational structure**
Trustee meetings are normally held every two months and deal with matters affecting the compliance (legal and financial) of the Charity, as well as monitoring general well being and the efficiency and effectiveness of the running of the enterprise. Since the start of the pandemic trustees have met using electronic means.
## **Major risks and management of those risks**
The Trustees have introduced a risk management process to assess financial and business risks and have systems in place to mitigate these risks. Internal risks are minimised by the implementation of procedures or authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the Charity. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the premises. These procedures are periodically reviewed to ensure that they still met the needs of the Charity.
The annual report was approved by the trustees of the charity on 16 November 2023 and signed on its behalf by:
......................................... Mr G Salthouse Trustee
Page 3
## **Fresh Fields Enterprises**
## **Independent Examiner's Report to the trustees of Fresh Fields Enterprises**
I report to the trustees on my examination of the accounts of Fresh Fields Enterprises for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity trustees of Fresh Fields Enterprises you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Fresh Fields Enterprises's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since Fresh Fields Enterprises's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Independent Examiners, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Fresh Fields Enterprises as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Mark Heaton FCCA FCIE DChA KM 1st Floor, Block C The Wharf Manchester Road Burnley Lancashire BB11 1JG
16 November 2023
Page 4
## **Fresh Fields Enterprises**
## **Statement of Financial Activities for the Year Ended 31 March 2023**
|**Note**
**Income from:**
Donations
2
Charitable activities
3
Investment income
5
Other income
4
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**funds**
**£**
578
389,770
455
75,900
466,703
(388,369)
(388,369)
78,334
78,334
433,697
512,031|**Total**
**2023**
**£**
578
389,770
455
75,900
466,703
(388,369)
(388,369)
78,334
78,334
433,697
512,031|**Unrestricted**
**funds**
**£**
292
382,744
14
42,258
425,308
(329,114)
(329,114)
96,194
96,194
337,503
433,697|**Total**
**2022**
**£**
292
382,744
14
42,258|
|---|---|---|---|---|
|||||425,308|
|||||(329,114)|
|||||(329,114)|
|||||96,194|
|||||96,194
337,503|
|||||433,697|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 15.
The notes on pages 7 to 13 form an integral part of these financial statements. Page 5
## **Fresh Fields Enterprises**
## **(Registration number: 1031940) Balance Sheet as at 31 March 2023**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Stocks
Debtors
11
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
12
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
15|**2023**
**£**
182,148
3,000
39,502
303,384
345,886
(16,003)
329,883
512,031
512,031
512,031|**2022**
**£**
141,114
3,000
41,905
262,816|
|---|---|---|
|||307,721
(15,138)|
|||292,583|
|||433,697|
|||433,697|
|||433,697|
The financial statements on pages 5 to 13 were approved by the trustees, and authorised for issue on 16 November 2023 and signed on their behalf by:
.........................................
Mr G Salthouse Trustee
The notes on pages 7 to 13 form an integral part of these financial statements. Page 6
## **Fresh Fields Enterprises**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Fresh Fields Enterprises meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Income**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## **Donations**
Donations are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## **Charitable activities**
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 7
## **Fresh Fields Enterprises**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **Tangible fixed assets**
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Short leasehold and other interests in land and buildings 8% per annum on cost basis Tools and equipment 25% per annum on reducing balance basis Greenhouse and storage 25% per annum on cost basis Motor vehicles 25% per annum on reducing balance basis
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **2 Income from donations**
|Donations|**Unrestricted**
**funds**
**General**
**£**
578
578|**Total**
**2023**
**£**
578
578|**Total**
**2022**
**£**
292|
|---|---|---|---|
||||292|
Page 8
## **Fresh Fields Enterprises**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **3 Income from charitable activities**
|Placements
Gardening and related services
**4**
**Income from other trading activities**
Sales of goods
Employment Allowance
Grants receivable
HMRC - Job Rentention Scheme
LCC - Adult Care Infection Control Fund
LCC Support grant|**Unrestricted**
**funds**
**General**
**£**
363,422
26,348
389,770
**Unrestricted**
**funds**
**General**
**£**
7,238
5,000
63,662
-
-
-
75,900|**Total**
**2023**
**£**
363,422
26,348
389,770
**Total**
**2023**
**£**
7,238
5,000
63,662
-
-
-
75,900|**Total**
**2022**
**£**
356,489
26,255|
|---|---|---|---|
||||382,744|
||||**Total**
**2022**
**£**
7,778
4,000
-
1,221
12,511
16,748|
||||42,258|
## **5 Investment income**
|Bank interest receivable|**Unrestricted**
**funds**
**General**
**£**
455
455|**Total**
**2023**
**£**
455
455|**Total**
**2022**
**£**
14|
|---|---|---|---|
||||14|
Page 9
## **Fresh Fields Enterprises**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **6 Expenditure on charitable activities**
|**Note**
Charitable activities
Governance costs
7
Staff costs
9
Depreciation costs|**Unrestricted funds**
**Designated**
**£**
**General**
**£**
-
60,584
-
5,580
-
303,240
18,965
-
18,965
369,404|**Total**
**2023**
**£**
60,584
5,580
303,240
18,965
388,369|**Total**
**2022**
**£**
59,735
4,320
247,502
17,557
329,114|
|---|---|---|---|
## **7 Analysis of governance and support costs**
## **Governance costs**
|Independent Examiner’s remuneration
Bookkeeping and payroll services|**Unrestricted**
**funds**
**General**
**£**
2,360
3,220
5,580|**Total**
**2023**
**£**
2,360
3,220
5,580|**Total**
**2022**
**£**
1,140
3,180|
|---|---|---|---|
||||4,320|
## **8 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses from the charity during the year.
Page 10
## **Fresh Fields Enterprises**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **9 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs
Other staff costs|**2023**
**£**
275,036
14,788
11,768
1,648
303,240|**2022**
**£**
225,661
11,276
10,565
-|
|---|---|---|
|||247,502|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
|Charitable activities
No employee received emoluments of mo
**10 Tangible fixed assets**
**Short**
**leasehold and**
**other interests**
**in land and**
**buildings**
**£**
**Cost**
At 1 April 2022
306,762
Additions
-
At 31 March 2023
306,762
**Depreciation**
At 1 April 2022
172,751
Charge for the year
15,190
At 31 March 2023
187,941
**Net book value**
At 31 March 2023
118,821
At 31 March 2022
134,011|re than £60,000 during the year
**Tools and**
**equipment**
**£**
**Greenhouse**
**and storage**
**£**
19,080
16,107
60,000
-
79,080
16,107
19,079
16,106
2,001
1
21,080
16,107
58,000
-
1
1|re than £60,000 during the year
**Tools and**
**equipment**
**£**
**Greenhouse**
**and storage**
**£**
19,080
16,107
60,000
-
79,080
16,107
19,079
16,106
2,001
1
21,080
16,107
58,000
-
1
1||**2023**
**No**
21
**Motor vehicles**
**£**
42,496
-
42,496
35,395
1,774
37,169
5,327
7,101||**2022**
**No**
18|
|---|---|---|---|---|---|---|
|||||||**Total**
**£**
384,445
60,000
444,445
243,331
18,966
262,297
182,148
141,114|
|||16,107|||||
|||16,106
1|||||
|||16,107|||||
|||-|||||
|||1|||||
Page 11
## **Fresh Fields Enterprises**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
## **11 Debtors**
|Trade debtors
Prepayments
**12 Creditors**
Trade creditors
Other taxation and social security
Other creditors
Accruals|**2023**
**£**
23,607
15,895
39,502
**2023**
**£**
11,593
2,833
100
1,477
16,003|**2022**
**£**
29,098
12,807|
|---|---|---|
|||41,905|
|||**2022**
**£**
9,816
2,367
1,781
1,174|
|||15,138|
## **13 Obligations under leases and hire purchase contracts**
## **Operating lease commitments**
Total future minimum lease payments under non-cancellable operating leases are as follows:
|**Land and buildings**
Within one year
Between one and five years
After five years|**2023**
**£**
4,150
16,600
70,550
91,300|**2022**
**£**
4,150
16,600
74,700|
|---|---|---|
|||95,450|
## **14 Pension scheme**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £11,768 (2022 - £10,565).
## **15 Funds**
Page 12
## **Fresh Fields Enterprises**
## **Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)**
|**Unrestricted funds**
General fund
Fixed assets
**Total funds**
**Unrestricted funds**
General funds
Fixed assets
**Total funds**|**Balance at 1**
**April 2022**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Transfers**
**£**
292,583
466,703
(369,404)
(60,000)
141,114
-
(18,965)
60,000
433,697
466,703
(388,369)
-
**Balance at 1**
**April 2021**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
178,832
425,308
(311,557)
158,671
-
(17,557)
337,503
425,308
(329,114)|**Transfers**
**£**
(60,000)
60,000|**Balance at**
**31 March**
**2023**
**£**
329,882
182,149
512,031
**Balance at 31**
**March 2022**
**£**
292,583
141,114|**Balance at**
**31 March**
**2023**
**£**
329,882
182,149|
|---|---|---|---|---|
|||-||512,031|
||||||
||||433,697||
## **16 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted funds**
**General**
**£**
**Designated**
**£**
-
182,148
345,886
-
(16,003)
-
329,883
182,148
**Unrestricted funds**
**General**
**£**
**Designated**
**£**
-
141,114
307,721
-
(15,138)
-
292,583
141,114|**Total funds at**
**31 March**
**2023**
**£**
182,148
345,886
(16,003)|
|---|---|---|
|||512,031|
|||**Total funds at**
**31 March**
**2022**
**£**
141,114
307,721
(15,138)|
|||433,697|
Page 13