OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

Charity registration number 1076227

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mrs E Diomede Mrs S Stuttaford (Appointed 15 September 2021) Miss E Twyman (Appointed 15 September 2021) Mrs K Glasson (Appointed 15 September 2021) Miss S Crump (Appointed 7 February 2023)

Charity number 1076227 Independent examiner Moore (South) LLP 33 The Clarendon Centre Salisbury Business Park Dairy Meadow Lane Salisbury Wiltshire SP1 2TJ Bankers CAF Bank Limited 24 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

CONTENTS

----- Start of picture text -----
Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5 - 6
Balance sheet 7
Notes to the financial statements 8 - 16
----- End of picture text -----

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2022

The trustees present their annual report and financial statements for the year ended 31 August 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, 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)” (as amended for accounting periods commencing from 1 January 2019).

Objectives and activities

The charity's objectives and main aims are:

The policies adopted in furtherance of these objectives are available on the website (www.bishopdownfarmpreschool.com) and are updated throughout the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Covid-19 continued to impact on our operations, our main focus was to continue to keep everyone safe whilst operating within Covid-19 guidelines and maintaining a quality childcare environment. Farm Friends provides an essential service to support working parents within the community in Bishopdown Farm and surrounding areas; funds from Farm Friends ensure we are able to address increased costs due to the rising fuel and food costs as well as increased outgoings as a result of Greentrees Primary School becoming part of the Pickwick Academy Trust.

We continue to be as ever incredibly proud of Marie and all of our team at pre-school and Farm friends, and how they have coped with ongoing challenges. We have continued to invest in staff development and awarded pay rises in line with the minimum wages increase.

Financial review

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The committee considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities whilst consideration is given to ways in which additional funds may be raised. Despite the impact of Covid-19, this level of reserves has been maintained throughout the year. The committee have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to major risks.

Plans for future periods

Our key objective for the coming year is to increase involvement of parents and carers in the committee, fundraising and volunteering activities.

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

Structure, governance and management

The charity is an unincorporated entity.

The trustees who served during the year and up to the date of signature of the financial statements were: Mrs E Diomede

Mrs G Phillips (Resigned 6 February 2023) Mrs G Cruttenden (Resigned 15 September 2021) Mr N Harris (Resigned 20 October 2021) Mrs J Meehan (Resigned 15 September 2021) Miss J Dobson (Resigned 20 October 2021) Mrs L Williams (Resigned 9 September 2021) Mrs S Stuttaford (Appointed 15 September 2021) Miss E Twyman (Appointed 15 September 2021) Mrs K Glasson (Appointed 15 September 2021) Miss S Crump (Appointed 7 February 2023)

Bishopdown Farm Community Pre-school and Farm Friends is run by a committee of parents who are elected annually at the AGM and throughout the academic year for the benefit of the local community of Bishopdown Farm, Hampton Park and Riverdown Park. The committee is responsible for the finances and the overall management of the setting.

It is made up of 3 officers; Chair, Secretary, Treasurer, with a Safeguarding and Health and Safety role and committee members. We hold a minimum of 2 meetings per academic year to make decisions about the current and future management of the setting. At each committee meeting the Treasurer presents an up to date statement of accounts. All decisions made by the committee are made in view of the financial situation and required reserves, as laid out in our constitution and reserve policy.

The Pre-school has much to offer parents and carers. Through committee work and fund-raising, new skills and confidence can be gained. It’s a chance to get to know others in the same situation and to develop a support network. Parents can share skills and interests with the children. Many lifelong friendships begin in the years when the children are at Preschool together.

The committee supports the Pre-school by promoting the setting through online and print media to assist with staff recruitment and fundraising activities.

The committee supports Pre-school by arranging and attending several fundraising events throughout the year.

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

We employ 13 members of staff for 38 weeks per year and pay holiday entitlement as per EU working time directive.

Our staff during the financial period:

  1. Marie Ryan – Preschool and Farm Friends Manager

  2. Kerry Rawlinson – Deputy Manager, Piglets room Leader & Farm Friends Assistant (resigned March 2022)

  3. Nicky Edwards – Deputy Manager, Safeguarding Officer, Lambs room Leader & Farm Friends Assistant

  4. Stacey Deverill – Keyworker and Farm Friends Supervisor (Resigned November 2020)

  5. Claire Tomlinson – Keyworker

  6. Fiona Bevan –Piglets room Leader, Keyworker & Farm Friends Assistant

  7. Amy Harris – Keyworker (resigned November 2021)

  8. Mikaela Judd - SENCO & Keyworker - Our SENCO assists in facilitating learning support, behaviour support, SEN assessment and administration, and parent support. (Resigned November 2021)

  9. Charlotte Waters – Keyworker (Resigned in November 2021)

  10. Paula Smith – Farm Friends Assistant

  11. Amy George – Finance Administrator (Resigned in November 2021)

  12. Amber Sharpe – SENCO & Keyworker - Our SENCO assists in facilitating learning support, behaviour support, SEN assessment and administration, and parent support.

  13. Chloe Musselwhite – Apprentice

  14. Natasha Agnew - Keyworker

  15. Kirsty Fiander - Parson- Keyworker

  16. Katie Power - Finance Administrator

  17. Leah Williams - Keyworker

The trustees' report was approved by the Board of Trustees.

Miss S Crump Chair of Trustees

27 June 2023

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

I report to the trustees on my examination of the financial statements of Bishopdown Farm Community Pre School and Farm Friends (the charity) for the year ended 31 August 2022.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Robert Macdonald FCCA Moore (South) LLP

33 The Clarendon Centre Salisbury Business Park Dairy Meadow Lane Salisbury Wiltshire SP1 2TJ

Dated: 27 June 2023

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022

Current financial year
Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and legacies
2
73,460
47,693
Charitable activities
3
73,165
-
Other trading activities
4
218
-
Investments
5
41
-
Total income
146,884
47,693
Expenditure on:
Charitable activities
6
153,723
47,693
Net expenditure for the year/
Net movement in funds
(6,839)
-
Fund balances at 1 September 2021
162,396
-
Fund balances at 31 August 2022
155,557
-		 Total
2022
£
121,153
73,165
218
41
194,577
201,416
(6,839)
162,396
155,557		 Total
2021
£
110,796
41,447
1,193
5
153,441
176,632
(23,191)
185,587
162,396

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2022

Prior financial year
Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income from:
Donations and legacies
2
87,304
23,492
Charitable activities
3
41,447
-
Other trading activities
4
1,193
-
Investments
5
5
-
Total income
129,949
23,492
Expenditure on:
Charitable activities
6
153,140
23,492
Net expenditure for the year/
Net movement in funds
(23,191)
-
Fund balances at 1 September 2020
185,587
-
Fund balances at 31 August 2021
162,396
-		 Total
2021
£
110,796
41,447
1,193
5
153,441
176,632
(23,191)
185,587
162,396

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

BALANCE SHEET

AS AT 31 AUGUST 2022

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds		 2022
£
8,113
125,274
133,387
(7,617)		 £
29,787
125,770
155,557
155,557
155,557		 2021
£
3,515
133,417
136,932
(4,621)		 £
30,085
132,311
162,396
162,396
162,396

The financial statements were approved by the Trustees on 27 June 2023

Miss S Crump Trustee

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

1 Accounting policies

Charity information

Bishopdown Farm Community Pre School and Farm Friends is an unincorporated charity.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity 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.

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

1 Accounting policies

(Continued)

1.5 Resources expended

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 are allocated on the portion of the asset’s use.

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

2 Donations and legacies

Unrestricted
Restricted
funds
funds
2022
2022
£
£
WCC grants
73,460
47,693
Grants receivable for core activities
Other
73,460
47,693
73,460
47,693		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
121,153
87,304
23,492
121,153
87,304
23,492
121,153
87,304
23,492		 Total
2021
£
110,796
110,796
110,796

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

3 Charitable activities

Charitable Charitable
Income Income
2022 2021
£ £
Parent's fees 21,701 28,681
Farm friends fees 51,464 12,766
73,165 41,447

4 Other trading activities

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Uniform sales 202 440
Fundraising 16 222
Late payments - 40
Other income - 491
Other trading activities 218 1,193

5 Investments

**Unrestricted ** Unrestricted
funds funds
2022 2021
£ £
Interest receivable 41 5

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

6
Unrestricted
Costs
Restricted
Costs
2022
2022
£
£
Staff costs
111,203
47,693
Depreciation and
impairment
3,691
-
Staff uniforms
349
-
FSM Vouchers
1,145
-
Advertising
186
-
Office costs
2,402
-
IT/Computer costs
309
-
Consumables
1,357
-
Children's uniforms
506
-
Nursery resources and
equipment
6,097
-
Trip expenses
63
-
Refreshments
4,470
-
Training
2,778
-
Insurance & OFSTED fee
35
-
Utilities
5,628
-
Other charitable
expenditure
7,980
-
148,199
47,693
Share of governance costs
(see note 7)
5,524
-
153,723
47,693
Analysis by fund
Unrestricted funds
153,723
-
Restricted funds
-
47,693
153,723
47,693		 Charitable activities
Total
2022
Unrestricted
Costs
Restricted
Costs
Total
2021
2021
2021
£
£
£
£
158,896
121,745
23,492
145,237
3,691
3,031
-
3,031
349
869
-
869
1,145
1,935
-
1,935
186
193
-
193
2,402
6,847
-
6,847
309
654
-
654
1,357
1,877
-
1,877
506
279
-
279
6,097
8,007
-
8,007
63
307
-
307
4,470
1,307
-
1,307
2,778
2,002
-
2,002
35
1,051
-
1,051
5,628
1,404
-
1,404
7,980
106
-
106
195,892
151,614
23,492
175,106
5,524
1,526
-
1,526
201,416
153,140
23,492
176,632
153,723
153,140
-
153,140
47,693
-
23,492
23,492
201,416
153,140
23,492
176,632		 Charitable activities
Total
2022
Unrestricted
Costs
Restricted
Costs
Total
2021
2021
2021
£
£
£
£
158,896
121,745
23,492
145,237
3,691
3,031
-
3,031
349
869
-
869
1,145
1,935
-
1,935
186
193
-
193
2,402
6,847
-
6,847
309
654
-
654
1,357
1,877
-
1,877
506
279
-
279
6,097
8,007
-
8,007
63
307
-
307
4,470
1,307
-
1,307
2,778
2,002
-
2,002
35
1,051
-
1,051
5,628
1,404
-
1,404
7,980
106
-
106
195,892
151,614
23,492
175,106
5,524
1,526
-
1,526
201,416
153,140
23,492
176,632
153,723
153,140
-
153,140
47,693
-
23,492
23,492
201,416
153,140
23,492
176,632
175,106
1,526
176,632
153,140
23,492
176,632

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

7 Support costs

Legal and professional
Accountancy
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
-
3,744
-
1,780
-
5,524
-
5,524		 2022
£
3,744
1,780
5,524
5,524		 2021
£
626
900
1,526
1,526

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

Pre-school staff
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
11
2022
£
153,170
3,218
2,508
158,896		 2021
Number
13
2021
£
140,799
2,410
2,028
145,237

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

11
Tangible fixed assets
Cost
At 1 September 2021
Additions
At 31 August 2022
Depreciation and impairment
At 1 September 2021
Depreciation charged in the year
At 31 August 2022
Carrying amount
At 31 August 2022
At 31 August 2021
12
Debtors
Amounts falling due within one year:
Trade debtors
13
Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals and deferred income		 Fixtures and fittings
£
50,515
3,393
53,908
20,430
3,691
24,121
29,787
30,085
2022
2021
£
£
8,113
3,515
2022
2021
£
£
1,188
1,552
4,749
2,269
1,680
800
7,617
4,621		 Fixtures and fittings
£
50,515
3,393
53,908
20,430
3,691
24,121
29,787
30,085
2022
2021
£
£
8,113
3,515
2022
2021
£
£
1,188
1,552
4,749
2,269
1,680
800
7,617
4,621
53,908
20,430
3,691
24,121
29,787
30,085
2021
£
3,515
2021
£
1,552
2,269
800
4,621

BISHOPDOWN FARM COMMUNITY PRE SCHOOL AND FARM FRIENDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds
Incoming Resources Balance at Incoming Resources Balance at
resources expended 1 September resources expended 31 August
2021 2022
£ £ £ £ £ £
23,492 (23,492) - 47,693 (47,693) -

15 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).