2021-03-31-accounts - Swansea Community Farm

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				Page
Report ofthe	Trustees			to	2
Independent	Examiner's	Report
Statement of	Financial	Activities
Statement of	Financial	Position	11	to	12
Notes to the	Financial Statements		13	to	27
Detailed Statement ofFinancial Activities			23	to	28

Income for the year
Grants ~ restricted and unrestricted					222,908
Donations, gifts in kind and legacies					5,250
Generated Income ~ earned, membership,		fundraising			4,$03
Total Income						232,551
Total funds brought forward from 2019/20
Unrestricted ~ designated
Unrestricted ~ free reserves					77,435
Restricted					41r370
						'I18,805
Total funds available to spend						351,455
Amounts spent during the year:
Expenditure for the day to day running	ofthe farm (inc depreciation)				182,587
Less: depreciation					(23,478)
						169,109
Balance for the year
						192,357
Funds to be carried forward from 2020/21
Unrestricted ~ designated
Unrestricted ~ free reserves						118,128
Restricted						70,749
						188,877
~ Total incoming resources at 5238,881 was 239,524 higher than				in 2019 20
~ Cash expenditure at 5159,109was		52,818lower than 2019.20.
~ The other reserves held by the farm		comprise ofcapital equipment.			These have been funded out ol both	restricted
and unrestricted funds and at the year end			the amount ofassets held by the farm were:
~ Farm assets from Restricted	funds ~		577,799
~ Farm assets from Unrestricted		funds	~ 56,929

REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE
Bankers
Lloyds Sank Pic
302 Oxford Street
Swansea
SAI 3AP
Swansea Building	Society
11Craddock Street
Swansea
SA1 3EW
Triodos Sank
Deanery Road
Bristol
SS1 5AS
STAFFING
Farm Manager				Kate Gibbs
Finance Officer				Ruth Domoney
Finance Worker				Joanne Carrot
Child SYouth Worker				Cerys Jones
Wellbeing Officer				Katharine	Aylett
Animal Wellbeing	Worker			Alun Thomas
Wellbeing Support	Worker		~ left Jun 2020	Katie Barney
Wellbeing Support	Worker			Gordon Edwards
Development Officer		~ left	Jan 2021	Sharon Hewitt

		FO	R THE YEAR	ENDED 31 MARC	H 2021
						2021	2020
				Unrestricted	Restricled	Total	Total
				funds	funds	funds	funds
			Notes	5	5	5	5
INCOME AND ENDOWMENTS		FROM
Donations and legacies				4,747	503	5,250	S,089
Charitable activities
Community Farm				36,642	IS6,266	222,90S	162,922
Other trading activities				4,494		4,494	25,902
Investment income				9		9	224
Other income				4/000		4,000
Total				49,S92	IS$,7$9	236,661	197,137
EXPENDITURE ON
Raising funds					1,702	1,702	2,STS
Charitable activities
Community Farm				40,610	140,275	ISO,SS5	IS$,987
Total				40ISIO	141,977	IS2,587	189,865
NET INCOME				9,2$2	44(792	54,074	7,272
Transfers between	funds			32I090	(32,090)
Net movement in funds				41,372	12I702	54(074	7,272
RECONCILIATION	OF FUNDS
Total funds brought	forward			S3,682	135,$49	219,531	212,259
TOTAL FUNDS CARRIED FORWARD				125,054	148/551	273,605	219,631

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	5	5	5	5
FIXEDASSETS
Tangible assets	13	6,930	83,739	90,66S	110,625
CURRENT ASSETS
Debtors	14	6,762		6,762	7,9SI
Cash at bank and in hand		12'I,657	72,842	194,499	112,685
		12S,4'IS	72,842	201,261	'I20,566
CREDITORS
Amounts falling due within one year	15	(10,292)	(8,033)	(1S,325)	(1'I,660)
NET CURRENT ASSETS		11S,'l27	64,SOS	182(936	10S,SOS
TOTAL ASSETSLESSCURRENT LIANILITIES		125,057	148,548	273,605	219,531
NET ASSETS		125,057	148,548	273,605	219,531
FUNDS
Unrestricted funds				125,057	83,682
Restricted funds				148,548	135,S49
TOTAL FUNDS				273,605	219,53'I


3.	OTHER TRADING ACTIVITIES
				2021	2020
				E	E
	Earned income			4,494	25,851
	Membership fees				41
				4,494	25,902
4.	INVESTMENT INCOME
				2021	2020
				E	E
	Investment income				224
5.	INCOME FROM CHARITABLE		ACTIVITIES
				2021	2020
				Communiiy	Total
				Farm	activities
				E	E
	Grants			222,908	152,922
	Grants received, included	in the	above, are as loSows;
				2021	2020
				E	E
	Swansea Council CYP fund (Play(und)			2,500	a,ooo
	Volunteering Wales (WCVA)				19,9OS
	Moondance Foundation			9,SOO
	BBCChildren In Need 2017 20			9,581	37,939
	National Lottery Fund - Calon Farm			57,115	59,898
	The Henry Smith Charity			29,SOO	29,200
	Oakdale Trust				1,500
	Peoples Health Trust			S,O54	10,878
	Austin Bailey Foundation				599
	CYP Fund 2020 SCC			1,72S
	WCVA Third Sector Resilience Fund			13,039
	Play Sustainability 2021			4,o5a
	BBCChildren ln Need Extension			19,152
	Swansea Food Poverty Fund 2020			945
	Landfill Disposal Tax Community		Scheme	38,27S
	Covid Business Support	Grants		25,S42
				222,908	192,922

	FOR THE YEAR ENDED	FOR THE YEAR ENDED	3'I MARCH 2021
	CHARITABLE ACTIVITIES COSTS
			Direct	Support
			Costs (see	costs (see
			note 7)	note 8)	Totals
			5	6	5
	Community Farm		I74(037	6I848	fso,ses
7,	DIRECT COSTS	OF CHARITASLE ACTIVITIES
				2021	2020
				5	5
	Slaff costs			IO1,429	106,471
	Rates and water			esf	721
	Insurance			61397	6,$96
	Light and heat			'I,935	3,725
	Telephone			2,433	2,499
	Office, stationery	and postage costs		2,429	4(f34
	Cleaning			'l,204	1,856
	Food purchases			1,679
	Tools and materials			e,sso	3,102
	Staff expenses and training			2,700	1,720
	Trainer costs				f,ess
	Repairs and renewals			si043	5,645
	Refreshments				37
	Volunteer expenses			4,414	2,475
	Animal supplies Subscriptions 8 memberships			6,694 1,589	5,168 1,768
	Security			'II043	720
	Sundry expenses				21
	Volunteer Training			2,009	$,953
	Depreciation			23(478	27,938
				174(037	182,438

8.	SUPPORT	COSTS
						Support
						costs
						2
	Community	Farm				6,848
8.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
					2021	2020
					2	2
	Depreciation	~ owned assets			23,476	27,638
10.	TRUSTEES' REMUNERATION			AND BENEFITS

							31/3/21	3'I/3/20
							5	5
	Wages and salaries						99I595.20	IO1,999
	Social security costs						86.68	eee
	Other pension costs						3,450.30	3,470
							1031132	106,152
	The average number	ofemployees		for the year was		18(2020:16)
12.	COMPARATIVES FOR THE STATEMENT				OF FINANCIAL ACTIVITIES
						Unrestricted	Restricted	Total
						funds	funds	funds
						5	5
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies					e,ose		e,oee
	Charitable activities
	Community Farm						162,922	162,922
	Other trading activities					25,902		25,902
	Investment income					224		224
	Total					34I215	162,922	197,137
	EXPENDITURE ON
	Raising funds					2,856	22	2,678
	Charitable activities
	Community Farm					6,941	teo,o46	186,9e7
	Total					9,797	'I80,068	169,865
	NET INCOME/(EXPENDITURE)					24,418	(17,146)	7,272
	RECONCILIATION OF FUNDS
	Total funds brought	forward				59,264	152,995	212,259
	TOTAL FUNDS CARRIED FORWARD					83,682	135,849	219,531
					Page	19		continued. ..

		NOTES	TO THE FINANCIAL STATEMENTS	TO THE FINANCIAL STATEMENTS	~ continued	~ continued
		FOR THE YEAR ENDED 31 MARCH			2021
13.	TANGIBLE FIXEDASSETS
			Site	Site	Fixtures		Computer
			Development	Clearance	and		8 other
			8 Building	8 Equipment	fittings		equipment	Totals
			6	6	5		6	6
	COST
	At 1 April 2020		$26,927	19rSS5	Is,eee		18,715	se4,81s
	Additions				2,837		883	3,S20
	At 31 March 2021		$2$,927	19,86$	22,	125	Is,ese	6$S,335
	DEPRECIATION
	At 1 April 2020		516,302	19,ess	19,2$S		1$,715	574,190
	Charge for year		22,59$			709	171	23I476
	At 31 March 2021		53S,SSS	19,ees	19,997		le,ees	597,$86
	NET BOOK VALUE
	At 31 March 2021		SS,029		2,128			90,$$9
	At 31 March 2020		110,625					110,$25
14,	DEBTORS:AMOUNTS	FALLING	DUE WITHIN ONE YEAR
							2021	2020
							5	2
	Trade debtors						621	1,264
	Prepayments and accrued income						61241	$,717
							S,yee	7,981
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
							2021	2020
							5	5
	Creditors						e,ses	5,488
	Other creditors						4,348
	Accrued expenses						7,444	$,172
							18r325	11,660

NIOVEMENT IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31,3.21
		8	5	8
Unrestricted funds
Free Reserves		11,435		40,693	118,128
Designated ~Assets		6,247	(1,893)	2I575	6,929
Cafe Child 8 Youth Earned			54 117	(64) (117)
Adult Volunteers Earned			1,669	(II669)
Education Earned			(388)	388
Animals Earned Ground 8 Buildings			2,099 43	(2,099) (43)
Core			7,584	(7,584)
		S3,6S2	9,2es	32,090	125I057
Restricted funds
Site development and building assets		94,479	(21,5SS)	4,905	77,799
The Henry Smith Charity			8,740	(8,740)
CYP Youth Fund SCC			3S9	(389)
WCVA Third Sector Resilience	Fund		'I3,039		13,039
Garfield Weston Foundation BBCChildren In Need 2017.20		11,099 7,913	(s,see) (SI829)	(4,5'I 1) (2,084)
National Lottery Fund ~ Calon Farm		11,4SO	(1I448)	(4,092)	5,940
People's Health Trust Playfund 2020.2021 SCC BBCChildren In Need 2017 20	Extension	fo,e18	(3,745) 610 13ISSO	(2,034) (510)	5,099 13,680
Swansea Food Poverty Fund 2020			('I)
National Lottery Fund ~ Calon Farm			29,856	(11,360)	1S,496
Landfill Disposal Tax Community	Scheme		17,171	(3,276)	14,495
		135,S49	44,7S9	(32,090)	148,54S
TOTAL FUNDS		219,531	54,074		273,605

Net movement in funds, included	in the above are as foll	ows:
		Incornlrlg	Resources	Movement
		resources	expended	in funds
		6	6	6
Unrestricted funds
Designated ~ Assets			(t,eaa)	(1,S93)
Cafe		56	(2)	54
Child 8Youth Earned		117		117
Adult Volunteers Earned		2,600	(831)	1,669
Education Earned		(245)	(143)	(388)
Animals Earned		2,081	1S	2,099
Ground 8 Buildings		43		43
Core		45,340	(37,756)	7,5S4
		49,892	(401607)	a,ae5
Restricted funds
Site development and building assets			(a1,585)	(21,5S5)
The Henry Smith Charity		aa,eoo	(211060)	S,740
CYP Youth Fund SCC		1,728	(1,339)	389
WCVA Third Sector Resilience	Fund	13,039		13,039
Garfield Weston Foundation		I	(6,5S9)	(S,ee8)
BBCChildren In Need 2017 20		9,581	(15,410)	(51829)
National Lottery Fund ~ Calon Farm			(1,448)	(1(448)
People's Heaeh Trust		9,065	(12,810)	(3,745)
Playfund 2020 2021 SCC		a,4aa	(1,989)	610
Play Sustainability Grant 2021		4,063	(4,053)
BBCChildren In Need 2017 20	Extension	19,162	(5,482)	13,680
Swansea Food Poverty Fund 2020		a46	(947)	(1)
National Lottery Fund ~ Galen Farm		57,116	(27,260)	29,856
Landfill Disposal Tax Community	Scheme	39,279	(211508)	17,771
Groundworks		500	(500)
		fee,769	(141,980)	44,789
TOTAL FUNDS		236,661	(1S2,5S7)	54,074

			Net	Transfers
			movement	between	At
		At 'l, 4.19	in funds	funds	31.3.20
		5	5	5	5
Unrestricted. funds
Free Reserves		s1,45e		2S,980	77,435
Designated ~Assets		V,SOS	(1,562)		6,247
Cafe			4,120	(4,120)
Community Unrestricted Child 8 Youth Earned			120 1,273	(120) ('I/273)
Adult Volunteers Earned			4,655	(4,ese)
Education Earned			7/102	(7,102)
Animals Earned Ground 8 Buildings			'I/582 200	(1,582) (200)
Core			6,928	(6,92e)
		59,264	24,418		S3,682
Restricted funds
Site development and SSCChildren In Need	building assets 2017.20	120,S55 7/885	(25,376) 27		94,479 7,913
National Lottery Fund	~ Calon Farm	4,664	6,816		11,4SO
Garfield Weston Foundation		19,590	(e,491)		11,099
People's Health Trust			fo,evs		lo,evs
		152(995	(lv,14e)		135,849
TOTAL FUNDS		2'I2,259	7/272		219,531

Comparative net move	ment in funds, included in the a	bove are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		5	5	5
Unrestricted funds
Designated ~ Assets			(1,562)	(1,562)
Cafe		3,138	SS2	4,120
Community Unrestricted		210	(90)	120
Child 8Youth Earned		1,273		1/273
Adult Volunteers Earned		7,619	(2,964)	4,655
Education Earned		'I'I,615	(4,513)	7(102
Animals Earned		2,4aa	(917)	1,582
Ground 8 Suildings		264	(64)	200
Core		7,$97	(ssa)	6,928
		34,215	(9,797)	24(418
Restricted funds
Site development and	building assets		(26,376)	(26,376)
The Henry Smith Charity		29,200	(29,200)
SSCChildren In Need	2017 20	37,939	(37,912)	27
Volunteering Wales (WCVA)		19,90S	(19,90S)
Austin Sailey Foundation		saa	(599)
National Lottery Fund	~ Calon Farm	59,SSS	(53,0S2)	6,S16
Garfield Weston Foundation			(S,491)	(S,491)
Playfund 2019.20		31000	(3(000)
People's Health Trust		10,878		10,878
Oakdale Trust		1,500	(1,500)
		162,922	(1SO,OSS)	(17,'f 46)
TOTAL FUNDS		197,'l37	(fsa,sss)	7,272

			Net	Transfers
			movement	between	At
		At 1.4.19	in funds	funds	31.3,2'I
		5	5	5	5
Unrestricted funds
Free Reserves		51,455		55,573	IIS,128
Designated ~ Assets		7,809	(3,455)	2,575	6,929
Cafe			4(174	(4,174)
Community Unrestricted Child 8 Youth Earned			120 I/390	(120) (1,390)
Adult Volunteers Earned			6,324	(6,324)
Education Earned			5,714	(S,714)
Animals Earned Ground 8 euildings			3,581 243	(3,5SI ) (243)
Core			14,5'l2	(14,5'I 2)
		59,254	33,703	32,090	125/057
Restricted funds
Site development and building assets		Iso,ess	(47,961)	4,905	77,799
The Henry Smith Charity			81740	(8,740)
CYP Youth Fund SCC			SS9	(389)
WCVA Third Sector Resilience Garfield Weston Foundation eeC Children In Need 2017 20	Fund	7,ees	'I3,039 (6,SSS) (5,802)	(4,5«) (2,084)	13,039 («,099)
National Lottery Fund ~ Calon Farm		4,664	5,358	(4,092)	s,a4o
Garfield Weston Foundation People's Health Trust		19,590	(8/491) 7,133	(2,034)	'Il,oaa 5,099
Playfund 2020 2021 SCC SSCChildren In Need 2017 20	Extension		510 Is,seo	(610)	13,680
Swansea Food Poverty Fund 2020 National Lottery Fund ~ Calon Farm			(I) 29,856	I («,350)	Ie,4as
Landfill Disposal Tax Community	Scheme		17,771	(3,275)	14,4as
		152,995	27,643	(32/090)	148,54e
TOTALFUNDS		212,259	SI,S4S		273/605

		Incoming		Resources	Movement
		resources		expended	in funds
		5		5	5
Unrestricted funds
Designated ~Assets				(3,455)	(3,455)
Cafe		3,194		seo	4,174
Community Unrestricted		210		(so)	120
Child 8Youth Earned		1,390			1,390
Adult Volunteers Earned		10,119		(3,795)	6,324
Education Earned		11,370		(4,sss)	6,714
Animals Earned		4,580		($99)	a,sst
Ground 8 Buildings		307		(64)	243
Core		52,937		(38,425)	14,512
			'
		$4,107		(50,404)	33,703
Restricted funds
Site development and building assets				(47,961)	(47,961)
The Henry Smilh Charity		59,000		(50,260)	8,740
CYP Youth Fund SCC		1,7as		(1,339)	389
WCVA Third Sector Resilience	Fund	13,039			13,039
Garfield Weston Foundation				(s,sss)	(6,58$)
BBCChildren In Need 2017 20		47,520		(53,322)	(5,802)
Volunteering Wales (WCVA)		19,90$		(Is,soe)
Austin Bailey Foundation		599		($99)
National Lottery Fund ~ Calon Farm		59,$98		(54,530)	$,368
Garfield Weston Foundation				(8,491)	(8,491)
Playfund 2019.20		3,000		(3,000)
People's Health Trust		19,943		(12,8'lo)	7,133
Oakdale Trust		I,$00		(1,500)
Playfund 2020 2021 SCC		2,499		(1,9$9)	510
Play Sustainability Grant 2021		4,053		(4,053)
BBCChsdren In Need 2017 20	Extension	1s,tea		(5,482)	13,6$0
Swansea Food Poverty Fund 2020		846		(947)	(I)
National Lottery Fund ~ Calon Farm		57,116		(27,260)	29,$$6
Landfill Disposal Tax Community	Scheme	39,279		(21,50$)	17,771
Groundworks		500		(500)
		349,691		(322,04$)	27,643
TOTAL FUNDS		433,798		(372,4$2)	61,346

	DETAILED STATEMENT OF FINANCIAL ACTIVITIES
	FOR THE YEAR ENDED 31 MARCH 2021
		2021	2020
		5	5
INCOME AND ENDOWMENTS
Donations and legacies
Gifts in kind		6	3,403
Donations		5,244	4,685
		5,2SO	e,oes
Other trading activities
Earned income		4,494	25,861
Membership fees			41
		4,494	2S,902
Investment income
Investment income			224
Charitable activities
Grants		222,90S	152,922
Other income
Other income		4IOOO
Total incoming resources		236,551	197,137
EXPENDITURE
Other trading activities
Purchases			2I878
Wages		1,702
		1,702	2,878
Charitable activities
Wages		sy,esl	102,321
Social security		87	683
Pensions		3,451	31467
Rates and water		881	721
Insurance		5,397	5,595
Light and heat		1,935	3,725
Telephone		2,433	2,499
Office, stationery	and postage costs	2,429	4,134
Carried forward		115,504	124,146

		DETAILED STATEMENT OF FINANCIAL ACTIVITIES
		FOR THE YEAR ENDED 31 MARCH 2021
			2021	2020
			E	E
Charitable activities
Srought forward			115,504	124,146
Cleaning			II204	t,ess
Food purchases			II679
Tools and materials			SI680	3,102
Staff expenses	and training		2,700	'l,720
Trainer costs				t,ses
Repairs and renewals			5I043	5,645
Refreshments				37
Volunteer expenses			4,414	2,475
Animal supplies			S,894	5, 'I SS
Subscriptions 8	memberships		l,ses	1,76S
Security			1,043	720
Sundry expenses				21
Volunteer Training			2I009	5,953
Depreciation			23,478	27,938
			'I74,037	'l82,43S
Support costs
Support costs
Accountancy fees			3,953	3,182
Professional and consultancy		fees	'I,SS3	1,367
Sank Charges			39
Recruitment Expenses			1,283
			61848	4,549
Total resources	expended		182,se7	'I89,865
Net income			54,074	7,272