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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 03899645 (England and Wales) REGISTERED CHARITY NUMBER: 1079907

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SWANSEA COMMUNITY FARM

Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

SWANSEA COMMUNITY FARM

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Statement of Financial Position 11
Notes to the Financial Statements 12 to 24
Detailed Statement of Financial Activities 25 to 26

SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Our Vision

To be an inspirational city farm, a valued and much-loved resource for the people of Swansea, serving as a model for healthy living, environmental sustainability and community participation, empowerment and cohesion.

Our Mission

Helping to reconnect people of all ages, backgrounds and abilities with their food, their environment and each other at the only city farm in Wales.

Our Aims

The activities of the farm are reported under four programme headings:

Child & Youth

Develops the skills, confidence, self-esteem and knowledge of children and young people between the ages of 8 and 18 through engagement in the running and development of Farm activities, training, and free play opportunities within a safe, supportive and stimulating environment.

Adult Volunteer & Training

Adult volunteers participate in the running and development of the Farm, equipping them with the knowledge, skills and confidence to move forward in life, improve their health, move towards further education or employment, and contribute positively to the Farm and wider communities.

Education

Providing farm-based training, employability programmes, school visits, and accredited courses based on outdoor, practical, hands-on learning and investigating a range of environment and food related issues.

Events and Community

Nature and wellbeing events, community fetes, and site hire to other community organisations and groups.

Page 1

SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

ACHIEVEMENT AND PERFORMANCE Child and Youth Programme

Funded by West Glamorgan Regional Partnership, along with smaller grants from Principality Community Foundation Wales, Gwendoline Margaret Davies Charity, Regional Health, Social Care and Wellbeing Small Grant Schemes and COAST, this programme supports a wide range of vulnerable young people from 8-18 years old, including those with autism, children who have experienced Adverse Childhood Experiences, and those with emotional or behavioural difficulties. We run weekly 'Farm Clwb' sessions.

Activities April 23 - March 24 included:

The young volunteers have also carried out several litter picks, gaining a KWT Green Flag award. They have also taken part in wildlife hunts, foraging and pond dipping, learning about heathland species and contributing vital data to Citizen Science projects. One 'Farm Ranger' won the 'Keep Britain Tidy - Best of the Best Young Volunteer' Award.

From April 2023 to March 2024, 48 young people have taken part in Farm Clwb completing a total of 2872 hours of volunteering. 43% of the young people who attended the project have ASD, ADHD or both, 60% of young people suffer with anxiety.

Impact

The Child and Youth Programme has supported children and young people to improve and learn new skills, build better relationships and help them to feel better about themselves. Many young volunteers have made significant progress in this whilst attending Farm Clwb.

M is a 10-year-old boy who came to the Farm after experiencing an educational and family trauma. M would have meltdowns at home and didn't attend school for 12 months due to anxiety and poor mental health. Mum said, "we have had some rough times with M, he's put his hand through the front window", which was new, violent behaviour that they hadn't seen before.

M lives in a very busy household, M is one of 8 children and says that the Farm is somewhere that he can get peace and quiet and something for himself. Mum says that the Farm is M's 'safe space' and refers to the Farm as his 'Farm Family'. He has made new friends and finds it a comfort that there are other young people here that are going through similar experiences. He feels less isolated when dealing with his anxiety issues at the Farm as others are going through similar.

M has achieved many 'Star Farmers' having been nominated by his fellow volunteers. Being nominated by his peers has helped him build his confidence and helped him leave the Farm knowing he has tried his best and that his peers have recognised that. Mum states that the Farm has helped M feel "a lot happier, more content, the farm has had a big impact on M".

The Farm's Child and Youth team won an award for 'Caring and Nurturing Environments' as part of 'The Early Years and Play Celebration Awards', which celebrates projects that help children experience and learn about the natural world around them. Youth and Community Manager Cerys Jones also received a Special Recognition award for all the important work she does in the community. This is a remarkable achievement for our Child and Youth Project and the dedicated staff who work tirelessly to ensure that every child who visits has a wonderful experience volunteering, playing and discovering the natural world.

Playschemes

Page 2

SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Family Volunteer Day

Wiggly Worms

Wellbeing Wednesday

Education and group visits

Adult Volunteer and Training Programme

The main volunteer programme is funded by National Lottery Communities Fund and the West Glamorgan Regional Partnership and Shared Prosperity Fund, which underpins all our core work, improving the wellbeing of adults through purposeful engagement in the work of the Farm. In the last 12 months, adult volunteers have continued to be central to the day to day running of the Farm and in return have been supported to improve their health, wellbeing, skills and confidence.

Numbers of adults involved:

Impact

People's wellbeing is significantly improved through access to the Farm. It builds a strong support system and is a safety net for many individuals. Our holistic approach provides a comprehensive path to wellbeing by addressing various aspects of an individual's life, including physical health, mental health, social connections, and economic stability, as well as empowerment and often improved quality of life.

All volunteers taking part in the project have gained knowledge and new skills across all areas of the Farm. In the animal house, volunteers have learned how to care for goat kids and chicks, wormed sheep and carried out chicken health checks, and run donkey behaviour sessions. In the allotments, volunteers learned how to sow seeds, grow cutting flowers, manage different composting systems and harvest fruit, vegetables and seeds. Across the site, volunteers have worked on woodworking projects, planted up a green wall with native wildflowers, helped install swift nest boxes and learned how to survey and manage for wildlife across the Farm and Cadle Heath, including Bee Walks and Butterfly transects. 8 Volunteers attended a two-day accredited Mental Health First Aid course, and 34 Volunteers attended Farm safeguarding training.

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SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

A volunteer says "When I came to the Farm I had very bad mental health and was barely eating, I felt useless and experiences I had had with different agencies made me feel like I couldn't do anything or trust people. A support worker found out I loved horses so asked me about volunteering at the Farm. I have autism, although I wasn't diagnosed until I was 25 and had spent my whole life thinking I didn't fit and there was stuff wrong with me. I remember on my first day here I wouldn't talk to anyone or look at them, but we got chatting about animals. I loved it here! There's a nice atmosphere, people are friendly, and they see the stuff you can do, not the stuff you can't do...and there's animals!"

"I have really found my voice and confidence since coming here and I now help others. I've done loads of training Mental Health First Aid, Autism Awareness, Food Hygiene, Anti Racism, First Aid, Transgender Awareness and Safeguarding and some of these are qualifications."

"If I didn't come here, I wouldn't have met all these people and learnt to trust my own voice again. I like setting and achieving targets in my development plan. My folder is filling up with certificates and I'm dead proud of it and myself."

Events, Community Activities and Awards

We have been happy to have had a busy and vibrant year at the Farm and have welcomed thousands of people through our doors. During opening hours visitors can meet the animals and explore the wildlife and food growing areas on site. We held several nature-based events for the public including a Summer Solstice Wellbeing Day, Apple Day and BioBlitz.

We also ran several repair cafés, a very popular Family Volunteer Day as well as a number of Farm Fun Days. During the summer we ran our Fairy Farm Fun Day where we welcomed more than 350 children throughout the day and distributed over 100 packed lunches (thanks to Swansea Council funding).

We ran the Big Give Green Match Fund crowdfunding campaign where we raised £10,086 in just one week thanks to the amazing efforts of our team and the community who donated.

We have also hired out our beautiful site to several environmental and community focused organisations to use for their own events and activities throughout the year. In July, volunteers and community members took part in an important focus group run by the office of Future Generations Commissioner.

Not only did we run more events on site, but we also participated in a number of external events as part of our mission to engage with more community members throughout the city. We attended 2 '4theRegion Swansea' events at the Swansea Arena, as well as several smaller community events across the city.

We are very proud to have won the 2023 Weston Charity Award! This means that we received £6500 unrestricted funding but more importantly we get a ten-month programme with Pilotlight to help us focus, grow and flourish on our development to make sure we continue to thrive and be there for people in need for years to come!

In September we launched our Geifr Gwyr Project. Informally known as 'Goatbusters', this is an innovative project that aims to use the power of goats to clear spaces for nature and connect people to their environments.

We are very proud to be working alongside local partners Pobl and Urban Foundry as part of the Swansea Green Futures project to help improve green infrastructure in Penderi. As part of this we have launched our Green Skills Volunteering programme as part of the Shared Prosperity Funding.

A SUMMARY OF OUR YEAR AT THE FARM

Throughout the past year we are happy that we have been able to continue to support our volunteers and really strengthen the community, helping members to enjoy the safe and stimulating play and green spaces at the Farm. This year our focus has been on growing our team and continuing to support our community through the difficult financial climate. We began our work with mentors and advisors from Pilotlight as part of our Weston Charity Award. We have also been working on our management restructure, working closely with mentors and advisors as part of our Lloyds Foundation funding.

We have grown the team by taking on 2 new staff members as part of the SPF Swansea Green Futures project so we can offer more opportunities to local community members as part of the Penderi Regeneration Project. The management restructure has meant that we have been able to grow our senior management team. Our Farm Manager has now become CEO, Wellbeing Officer has become Operations Manager and Child and Youth Officer has become Youth and Community Engagement Officer.

Our community outreach has grown as we have engaged lots of local groups through school visits and our holiday playschemes. We have also worked with organisations including groups of looked after children and their guardians, including Swansea Asylum Seekers Support, CHYPs with Women's Aid, Foster Wales, Early Help hub and Domestic Abuse Hub.

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SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Many of these groups suffer deprivation and isolation so it gives them the chance to learn about the Farm, the neighbouring heath and walks to explore the area.

The Farm has continued to provide free food to those struggling with the Cost-of-Living Crisis through our Community Pantry funded by Swansea Council, providing essential goods for many community members and their families including surplus supply chain food (via Lidl and FareShare Cymru) and farm produce.

We continued to use our funds from the multiyear grant from Henry Smith Charity and the West Glamorgan Mental Health Fund as well as the National Lottery Fund and Lloyds Foundation Grant. These, along with several other smaller grants have allowed us to not only deliver excellent programmes but also to put time and effort into organisational developments which will provide stability and efficiency going forward. All these developments will secure our future whilst making us more efficient in the present.

FINANCIAL REVIEW

Investment policy

Under the Memorandum and Articles of Association, the Charity has the power to make any investment which the trustees see fit in furtherance of the Objects of the Farm.

The charity has a policy of keeping surplus liquid funds in short-term deposits which can be accessed readily.

FINANCIAL PERFORMANCE

The Farm's financial position remained stable in 2023-24.

The past year has seen growth in our staff team and capacity to deliver on our core aims. The cost-of-living crisis has continued to impact our costs this year as well as affecting the people we support and increasing the demand for support as our volunteers face increasing financial pressures and the resulting mental health issues. The complexity of the Farm as a working farm, community centre and open access green space has seen disproportionate increased costs through this time for example animal feed and bedding costs have grown exponentially as have utilities. We have increased earned income (£50,087 compared to £38,863 last year), thanks to the teams dedicated efforts in developing new income streams through partnerships and projects we have been involved in. We also make regular school visits and have been paid to do community and outreach work as well as nature friendly landscaping, gardening and site development works by partner organisations. Our café remains closed. Our staff have accessed lots of additional training and support through the Pilotlight scheme and the Lloyds Foundation that has helped shape the enterprise work. We were fortunate to receive Henry Smith in the previous year which has helped to fund our core costs. We anticipate the next few years being difficult for the sector and the communities we serve. We have increased the food available to farm volunteers and visitors through our community pantry.

We ended the year with free reserves at £241,617.

Income - £376,087 (£264,480 in 2022-23)

Total income increased compared to the previous year as a result of receiving a new project grant through the Shared Prosperity Fund, Swansea Green Futures and continued funding from West Glamorgan Regional Partnership, National Lottery Fund and Landfill Disposal Tax Community Scheme.

Income from grants continued to come from a range of sources, Government, Trusts & Foundations, The National Lottery and West Glamorgan Regional Partnership.

Grant income made up 81% of total income. The remaining income came from earned income ( 14% ), donations ( 4% ) and other income ( 1% ).

Expenditure - £331,143 (£254,350 in 2022-23)

Total expenditure increased compared to the previous year due to adding staff members, delivering additional training and the rise in energy and food costs due to the cost-of-living crisis.

Staff costs remain the largest proportion of expenditure (66%) followed by Tools & materials (5%).

The Farm as a Going Concern

The Board of Trustees regard the Farm as a going concern.

Page 5

SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW

Reserves policy

The Trustees have established a policy whereby the minimum unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the Charity should be equivalent to six months operating costs. At this level, the Trustees feel that the current activities of the Charity would be able to continue in the event of significant drop in funding. Should this occur, it would be necessary for the board to consider the required adjustments to funding and activities to meet the strategic goals of the organisation. At present the free reserves meet this target.

FINANCIAL SUMMARY

FINANCIAL SUMMARY
£ £
Income for the year
Grants - restricted and unrestricted 305,947
Donations, gifts in kind and legacies 16,115
Generated Income - earned, membership, fundraising 54,025
Total Income 376,087
Total funds brought forward from 2022/23
Unrestricted - designated -
Unrestricted - free reserves 205,896
Restricted 8,395
214,291
Total funds available to spend 590,378
Amounts spent during the year:
Expenditure for the day to day running of the farm (inc depreciation) 331,143
Add: capital expenditure 5,583
Add: adjustment for prior year capital expenditure 3,219
Less: depreciation (16,487)
323,458
Balance for the year 266,920
Funds to be carried forward from 2023/24
Unrestricted - designated -
Unrestricted - free reserves 241,617
Restricted 25,303
266,920

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Swansea Community Farm is a charitable company limited by guarantee, incorporated on 24th December 1999 and is a registered charity. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, the members are required to contribute an amount not exceeding £10.

Page 6

SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

The Directors of the Company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association, one-third of the Trustees who are subject to rotation, retire at the Annual General Meeting and retiring Trustees who are eligible may declare their intention to stand for re-election.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

03899645 (England and Wales)

Registered Charity number 1079907

Registered office

2 Pontarddulais Road Fforestfach Swansea West Glamorgan SA5 4BA

Trustees

Chris Badman Anne White (resigned Jan 2024) Sarah Daniels (resigned Mar 2024) Jonas Rae (Resigned Jan 2024) Angela Williams Clare Cooper (Chair) Kate Havard

Independent Examiner

Henry Lloyd Davies Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

Bankers

Lloyds Bank Plc 802 Oxford Street Swansea SA1 3AP

Swansea Building Society 11 Craddock Street Swansea SA1 3EW

Triodos Bank Deanery Road Bristol BS1 5AS

Page 7

SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS STAFFING

CEO Kate Gibbs
Operations Manager Katharine Aylett
Youth and Community Development Manager Cerys Jones
Deputy Child & Youth Worker Katie Harkness
Communications and Fundraising Worker Louise Morgan
Finance Officer Sarah Mackinnon
Dyfodol Gwyrdd Officer Stephen John-Kay
Dyfodol Gwyrdd Worker Liz Goodall
Wellbeing Support Worker (left March 2024) Gordon Edwards
Volunteer Wellbeing Officer (left August 2023) llona Carati
Volunteer Wellbeing Officer (left December 2023) Zoe Richards

Sessional Support Staff

Paul Abraham, Helen Emms, Alun Thomas, Shannon Tinnuche, Peter Diamond, Kate Williams, Sam Pratten, Jamie Askill, Marta Delmy Ramos Preza, Joshua Lowther, Sarah Trick, Kayleigh Cowdery, Steffan Thomas, Aimee Passmore.

Thanks on behalf of the Farm to all of the above for their hard work and dedication over the year.

Approved by order of the board of trustees on 22 December 2024 and signed on its behalf by:

Ms K Havard - Trustee

Page 8

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)

Independent examiner's report to the trustees of Swansea Community Farm ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Henry Lloyd Davies

Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

23 January 2025

Page 9

SWANSEA COMMUNITY FARM

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
16,115
Charitable activities
5
Community Farm
7,500
Other trading activities
3
50,563
Investment income
4
2,032
Other income
1,428
Total
77,638
EXPENDITURE ON
Charitable activities
6
Community Farm
85,128
NET INCOME/(EXPENDITURE)
(7,490)
Transfers between funds
16
49,559
Net movement in funds
42,069
RECONCILIATION OF FUNDS
Total funds brought forward
208,623
TOTAL FUNDS CARRIED FORWARD
250,692		 Restricted
funds
£
-
298,447
-
-
-
298,447
246,010
52,437
(49,559)
2,878
61,241
64,119		 2024
Total
funds
£
16,115
305,947
50,563
2,032
1,428
376,085
331,138
44,947
-
44,947
269,864
314,811		 2023
Total
funds
£
13,749
206,906
41,259
430
2,136
264,480
254,350
10,130
-
10,130
259,734
269,864

The notes form part of these financial statements

Page 10

SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)

STATEMENT OF FINANCIAL POSITION 31 MARCH 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
13
9,075
CURRENT ASSETS
Debtors
14
26,019
Cash at bank and in hand
234,495
260,514
CREDITORS
Amounts falling due within one year
15
(18,897)
NET CURRENT ASSETS
241,617
TOTAL ASSETS LESS CURRENT LIABILITIES
250,692
NET ASSETS
250,692
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
38,816
8,026
17,277
25,303
-
25,303
64,119
64,119		 2024
Total
funds
£
47,891
34,045
251,772
285,817
(18,897)
266,920
314,811
314,811
250,692
64,119
314,811		 2023
Total
funds
£
58,792
2,281
223,634
225,915
(14,843)
211,072
269,864
269,864
208,623
61,241
269,864

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 22 December 2024 and were signed on its behalf by:

K Havard - Trustee

The notes form part of these financial statements

Page 11

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Grant income is accounted for on an accruals basis and is shown in the financial statements when the Charity earns the unconditional right to the funds. Grants received for a specific purpose are treated as restricted funds. Revenue grants are credited directly to the Statement of Financial Activities and Capital grants are released over the life of the asset in line with the depreciation policy.

Donations and similar incoming resources represent monies received by the charity from charitable donations and gifts. These are recognised in the Statement of Financial Activities upon receipt.

Interest receivable is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Earned income is recognised on sale of goods or when the service is provided.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

The costs of generating funds comprises those costs associated with generating income. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities, both costs directly attributable and indirect support costs. Governance costs include those costs associated with meeting constitutional and statutory requirements of the Charity.

All costs allocated between expenditure categories are on a basis designed to reflect their resource usage. For some costs this means direct allocation to activities, other costs are apportioned, e.g. by staff time spent on the activity, or another equitable usage measure.

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Site Development & Building - Over the term of the lease Site Clearance & Equipment - Straight line over 4 years Fixtures and fittings - Straight line over 4 years Computer & other equipment - Straight line over 4 years

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continued...

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Site clearance, development and building costs are capitalised and shown at cost including any incidental costs of acquisition, design costs and professional fees.

Site clearance, development and building costs have always historically been amortised over the life of the lease held, however as the lease is currently in negotiation for extension the Trustees have decided to depreciate over a life of 5 years from 01/04/2018 until the outcome of the lease extension is known. Once the outcome is know a decision will be made going forward on how to correctly depreciate the site clearance, development and building costs.

Corporation taxation

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

Fund accounting

Unrestricted funds: 'Free reserves' are unrestricted funds not committed to specific projects, programmes or purposes and can be used in accordance with the charitable objectives at the discretion of the Trustees. 'Designated unrestricted funds' are part of the unrestricted funds which trustees have earmarked for a particular project or use, without restricting or committing the funds legally.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

Employees of the charity are entitled to join a defined contribution 'money purchase' scheme or employees can enter an auto enrolment pension scheme. The charity contribution is restricted to the contributions disclosed in note 11. There were no outstanding contributions at the year end.

The money purchase plan is managed by Ashcourt Rowan and the plan invests the contributions made by the employee and employer in an investment fund to build up over the term of the plan. The pension fund is then converted into a pension upon the employee's normal retirement age which is defined as when they are eligible for a state pension. The total expense ratio of the plan is 2.5% and this is deducted from the investment fund annually. The charity has no liability beyond making its contributions and paying across the deductions for the employee's contributions.

Company status

The charity is a company limited by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Debtors

Trade and other debtors are recognised at the settlement amount due 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 cash 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

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity 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.

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continued...

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Company status

Presentational and functional currency

The charity's presentational and functional currency is GBP.

2. DONATIONS AND LEGACIES

2024
£
Donations
16,115
3.
OTHER TRADING ACTIVITIES
2024
£
Earned income
47,595
Participant contributions
2,968
50,563
4.
INVESTMENT INCOME
2024
£
Deposit account interest
2,032
5.
INCOME FROM CHARITABLE ACTIVITIES
2024
Community
Farm
£
Grants
305,947
Grants received, included in the above, are as follows:
2024
£
Swansea Council C&Y Playfund
3,000
SCVS Youth Bank grant
-
Volunteering Wales (WCVA)
-
Garfield Weston Foundation
6,500
National Lottery Fund – Calon Farm
91,101
The Henry Smith Charity
33,300
Peoples Health Trust
-
Western Power Holiday Hunger
-
Landfill Disposal Tax Community Scheme
9,997
Swansea Direct Food Support Fund 22/23
-
Lloyds Bank Foundation for England & Wales
-
Children In Need Small Grants 22-23
-
West Glamorgan Mental Health Fund Adults
35,970
Voluntary Youth Work Support Scheme 23-24
6,285
Summer Holiday Food Fund 2023
1,597
West Glamorgan Mental Health Fund CYP
21,295
Coast Grant Fund
7,346
Swansea Direct Food Support Fund 23/24
1,498
Swansea Direct Food Support Fund 24/25
3,440
Awards for all
19,750
Carried forward
241,079		 2023
£
13,749
2023
£
38,684
2,575
41,259
2023
£
430
2023
Total
activities
£
206,906
2023
£
3,500
639
(1,087)
-
63,164
16,300
3,625
1,260
39,983
3,900
27,250
500
25,690
-
-
22,182
-
-
-
-
206,906

Page 14

continued...

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

5. INCOME FROM CHARITABLE ACTIVITIES - continued

Brought forward
Gower Power Grant
Bwyd Abertawe
Principality's Future Generations Fund
Swansea Period Dignity Grant
Swansea Spaces
Winter COAST
Regional HSCWS Grant 23/24
Shared Prosperity Fund
Margaret Davies
6.
CHARITABLE ACTIVITIES COSTS
Community Farm
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Office, stationery and postage costs
Cleaning
Tools and materials
Staff expenses and training
Repairs and renewals
Refreshments
Volunteer expenses
Animal supplies
Subscriptions & memberships
Security
Sundry expenses
Volunteer Training
Fundraising expenses
Depreciation		 Direct
Costs (see
note 7)
£
319,297		 2024
£
241,079
2,000
7,999
9,999
1,707
2,500
4,810
4,854
29,999
1,000
305,947
Support
costs (see
note 8)
£
11,841
2024
£
219,851
959
7,469
8,027
1,148
1,771
2,028
18,131
5,035
6,272
867
5,879
11,984
3,323
-
1,877
8,149
43
16,484
319,297		 2023
£
206,906
-
-
-
-
-
-
-
-
-
206,906
Totals
£
331,138
2023
£
156,933
799
7,769
6,195
1,346
1,574
1,020
20,669
2,027
4,706
149
6,548
8,239
2,638
476
35
5,135
310
17,898
244,466

Page 15

continued...

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

8. SUPPORT COSTS

SUPPORT COSTS
Community Farm
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2024
£
Depreciation - owned assets
16,485		 Support
costs
£
11,841
2023
£
17,899

9. NET INCOME/(EXPENDITURE)

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

During the year, no trustees had any reimbursed expenses (2023: £nil)

11. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
23 20

No employees had employee benefits in excess of £60,000 (2023: nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred and are charged to funds based on the hours worked relating to that fund.

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023: £nil). Trustees had no reimbursed expenses during the year (2023:£nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).

The key management personnel of the charity comprise of the trustees and the senior management team. During the year there was a staffing restructure and the senior management team has increased to three employees. The total employee benefits of the key management personnel of the charity were £110,330 (2023: £33,561).

31/03/24 31/03/23
£ £
Wages and salaries 203,598 148,069
Social security costs 7,574 2,659
Other pension costs 8,681 6,205
219,583 156,933

Page 16

continued...

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Community Farm
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
Community Farm
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
13.
TANGIBLE FIXED ASSETS
Site
Site
Development
Clearance
& Building
& Equipment
£
£
COST
At 1 April 2023
626,927
19,885
Additions
-
-
At 31 March 2024
626,927
19,885
DEPRECIATION
At 1 April 2023
572,657
19,885
Charge for year
12,439
-
At 31 March 2024
585,096
19,885
NET BOOK VALUE
At 31 March 2024
41,831
-
At 31 March 2023
54,270
-		 Unrestricted
funds
£
13,749
30,875
41,259
430
2,136
88,449
67,497
20,952
24,454
45,406
163,217
208,623
Fixtures
and
fittings
£
26,382
1,149
27,531
23,448
2,058
25,506
2,025
2,934		 Restricted
funds
£
-
176,031
-
-
-
176,031
186,853
(10,822)
(24,454)
(35,276)
96,517
61,241
Computer
& other
equipment
£
22,233
4,435
26,668
20,645
1,988
22,633
4,035
1,588		 Total
funds
£
13,749
206,906
41,259
430
2,136
264,480
254,350
10,130
-
10,130
259,734
269,864
Totals
£
695,427
5,584
701,011
636,635
16,485
653,120
47,891
58,792		 Total
funds
£
13,749
206,906
41,259
430
2,136
264,480
254,350
10,130
-
10,130
259,734
269,864

Page 17

continued...

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Prepayments and accrued income
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors
Social security and other taxes
Other creditors
Accrued expenses
MOVEMENT IN FUNDS
At 1.4.23
£
Unrestricted funds
Free Reserves
205,896
Designated - Assets
2,727
Cafe
-
Community Unrestricted
-
Child & Youth Earned
-
Adult Volunteers Earned
-
Education Earned
-
Animals Earned
-
Ground & Buildings
-
Core
-
Geifr Gwyr (Goatbusters)
-
208,623
Restricted funds
Site development and building assets
52,846
The Henry Smith Charity
-
Awards for All
-
National Lottery Fund - Calon Farm
6,945
Winter of Wellbeing
-
Landfill Disposal Tax Community Scheme
1,450
CYP fund for playschemes
-
Voluntary Youth Work Support Scheme
23-24
-
Coast Grant Fund
-
Bwyd Abertawe
-
Principality's Future Generations Fund
-
Swansea Spaces
-
Regional HSCWS Grant 23/24
-
Shared Prosperity Fund
-
Swansea Direct Food Support Fund 24/25
-
61,241
TOTAL FUNDS
269,864		 Net
movement
in funds
£
(45,865)
(2,454)
1,105
7,360
4,570
449
6,960
6,891
1,025
9,000
3,469
(7,490)
(14,030)
10,748
19,750
8,899
9,713
2,519
495
1,000
540
4,000
750
2,500
2,091
22
3,440
52,437
44,947		 2024
£
26,019
8,026
34,045
2024
£
4,461
3,954
2,079
8,403
18,897
Transfers
between
funds
£
81,586
8,802
(1,105)
(7,360)
(4,570)
(449)
(6,960)
(6,891)
(1,025)
(9,000)
(3,469)
49,559
-
(10,748)
-
(15,844)
(9,713)
(3,969)
(495)
(1,000)
(540)
(4,000)
(750)
(2,500)
-
-
-
(49,559)
-		 2023
£
2,281
-
2,281
2023
£
4,280
-
3,723
6,840
14,843
At
31.3.24
£
241,617
9,075
-
-
-
-
-
-
-
-
-		 2023
£
2,281
-
2,281
2023
£
4,280
-
3,723
6,840
14,843
250,692
38,816
-
19,750
-
-
-
-
-
-
-
-
-
2,091
22
3,440
64,119
314,811

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

16. MOVEMENT IN FUNDS

Page 18

continued...

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
Free Reserves 710 (46,575) (45,865)
Designated - Assets - (2,454) (2,454)
Cafe 1,438 (333) 1,105
Community Unrestricted 9,939 (2,579) 7,360
Child & Youth Earned 16,782 (12,212) 4,570
Adult Volunteers Earned 3,795 (3,346) 449
Education Earned 7,071 (111) 6,960
Animals Earned 4,503 2,388 6,891
Ground & Buildings 1,025 - 1,025
Core 28,906 (19,906) 9,000
Geifr Gwyr (Goatbusters) 3,469 - 3,469
77,638 (85,128) (7,490)
Restricted funds
Site development and building assets - (14,030) (14,030)
The Henry Smith Charity - 10,748 10,748
Awards for All 19,750 - 19,750
National Lottery Fund - Calon Farm 91,101 (82,202) 8,899
Winter of Wellbeing 57,265 (47,552) 9,713
Landfill Disposal Tax Community Scheme 9,997 (7,478) 2,519
The Henry Smith Charity 33,300 (33,300) -
CYP fund for playschemes 3,000 (2,505) 495
Voluntary Youth Work Support Scheme
23-24 6,285 (5,285) 1,000
Summer Holiday Food Fund 2023 1,597 (1,597) -
Coast Grant Fund 7,346 (6,806) 540
Bwyd Abertawe 7,999 (3,999) 4,000
Principality's Future Generations Fund 9,999 (9,249) 750
Swansea Spaces 2,500 - 2,500
Gower Power Grant 2,000 (2,000) -
Regional HSCWS Grant 23/24 4,854 (2,763) 2,091
Shared Prosperity Fund 29,999 (29,977) 22
Swansea Period Dignity Grant 1,707 (1,707) -
Swansea Direct Food Support Fund 23/24 1,498 (1,498) -
Winter COAST 4,810 (4,810) -
Swansea Direct Food Support Fund 24/25 3,440 - 3,440
298,447 (246,010) 52,437
TOTAL FUNDS 376,085 (331,138) 44,947

Page 19

continued...

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
Free Reserves
Designated - Assets
Cafe
Community Unrestricted
Child & Youth Earned
Adult Volunteers Earned
Education Earned
Animals Earned
Ground & Buildings
Restricted funds
Site development and building assets
WCVA Third Sector Resilience Fund
National Lottery Fund - Calon Farm
West Glamorgan Mental Health Fund CYP
Children in Need Small Grant 22-23
Seeds of Change Neighbourly Grant
Western Power Community Matters - Holiday
Hunger
Landfill Disposal Tax Community Scheme
West Glamorgan Mental Health Fund Adults
Playfund 22-23
TOTAL FUNDS		 At 1.4.22
£
158,440
4,777
-
-
-
-
-
-
-
163,217
68,695
-
17,772
-
10,000
50
-
-
-
-
96,517
259,734		 Net
movement
in funds
£
(8,101)
(2,050)
453
19,025
1,813
82
3,659
2,554
3,517
20,952
(15,849)
(1,087)
1,726
3,840
(8,500)
(50)
500
3,304
4,664
630
(10,822)
10,130		 Transfers
between
funds
£
55,557
-
(453)
(19,025)
(1,813)
(82)
(3,659)
(2,554)
(3,517)
24,454
-
1,087
(12,553)
(3,840)
(1,500)
-
(500)
(1,854)
(4,664)
(630)
(24,454)
-		 At
31.3.23
£
205,896
2,727
-
-
-
-
-
-
-
208,623
52,846
-
6,945
-
-
-
-
1,450
-
-
61,241
269,864

Page 20

continued...

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Free Reserves
Designated - Assets
Cafe
Community Unrestricted
Child & Youth Earned
Adult Volunteers Earned
Education Earned
Animals Earned
Ground & Buildings
Restricted funds
Site development and building assets
WCVA Third Sector Resilience Fund
National Lottery Fund - Calon Farm
West Glamorgan Mental Health Fund CYP
Children in Need Small Grant 22-23
Seeds of Change Neighbourly Grant
Western Power Community Matters - Holiday
Hunger
Landfill Disposal Tax Community Scheme
Youth Bank 22-23
The Henry Smith Charity
Swansea Direct Food Support Fund 22/23
West Glamorgan Mental Health Fund Adults
Playfund 22-23
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
45,441
(53,542)
(8,101)
(1)
(2,049)
(2,050)
473
(20)
453
22,146
(3,121)
19,025
4,124
(2,311)
1,813
2,869
(2,787)
82
3,659
-
3,659
3,879
(1,325)
2,554
5,859
(2,342)
3,517
88,449
(67,497)
20,952
-
(15,849)
(15,849)
(1,087)
-
(1,087)
63,164
(61,438)
1,726
22,182
(18,342)
3,840
500
(9,000)
(8,500)
-
(50)
(50)
1,260
(760)
500
39,983
(36,679)
3,304
639
(639)
-
16,300
(16,300)
-
3,900
(3,900)
-
25,690
(21,026)
4,664
3,500
(2,870)
630
176,031
(186,853)
(10,822)
264,480
(254,350)
10,130

Page 21

continued...

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
Free Reserves
Designated - Assets
Cafe
Community Unrestricted
Child & Youth Earned
Adult Volunteers Earned
Education Earned
Animals Earned
Ground & Buildings
Core
Geifr Gwyr (Goatbusters)
Restricted funds
Site development and building assets
The Henry Smith Charity
WCVA Third Sector Resilience Fund
Awards for All
National Lottery Fund - Calon Farm
West Glamorgan Mental Health Fund CYP
Children in Need Small Grant 22-23
Winter of Wellbeing
Seeds of Change Neighbourly Grant
Western Power Community Matters - Holiday
Hunger
Landfill Disposal Tax Community Scheme
West Glamorgan Mental Health Fund Adults
Playfund 22-23
CYP fund for playschemes
Voluntary Youth Work Support Scheme
23-24
Coast Grant Fund
Bwyd Abertawe
Principality's Future Generations Fund
Swansea Spaces
Regional HSCWS Grant 23/24
Shared Prosperity Fund
Swansea Direct Food Support Fund 24/25
TOTAL FUNDS		 At 1.4.22
£
158,440
4,777
-
-
-
-
-
-
-
-
-
163,217
68,695
-
-
-
17,772
-
10,000
-
50
-
-
-
-
-
-
-
-
-
-
-
-
-
96,517
259,734		 Net
movement
in funds
£
(53,966)
(4,504)
1,558
26,385
6,383
531
10,619
9,445
4,542
9,000
3,469
13,462
(29,879)
10,748
(1,087)
19,750
10,625
3,840
(8,500)
9,713
(50)
500
5,823
4,664
630
495
1,000
540
4,000
750
2,500
2,091
22
3,440
41,615
55,077		 Transfers
between
funds
£
137,143
8,802
(1,558)
(26,385)
(6,383)
(531)
(10,619)
(9,445)
(4,542)
(9,000)
(3,469)
74,013
-
(10,748)
1,087
-
(28,397)
(3,840)
(1,500)
(9,713)
-
(500)
(5,823)
(4,664)
(630)
(495)
(1,000)
(540)
(4,000)
(750)
(2,500)
-
-
-
(74,013)
-		 At
31.3.24
£
241,617
9,075
-
-
-
-
-
-
-
-
-
250,692
38,816
-
-
19,750
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,091
22
3,440
64,119
314,811

Page 22

continued...

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
Free Reserves
Designated - Assets
Cafe
Community Unrestricted
Child & Youth Earned
Adult Volunteers Earned
Education Earned
Animals Earned
Ground & Buildings
Core
Geifr Gwyr (Goatbusters)
Restricted funds
Site development and building assets
The Henry Smith Charity
WCVA Third Sector Resilience Fund
Awards for All
National Lottery Fund - Calon Farm
West Glamorgan Mental Health Fund CYP
Children in Need Small Grant 22-23
Winter of Wellbeing
Seeds of Change Neighbourly Grant
Western Power Community Matters - Holiday
Hunger
Landfill Disposal Tax Community Scheme
Youth Bank 22-23
The Henry Smith Charity
Swansea Direct Food Support Fund 22/23
West Glamorgan Mental Health Fund Adults
Playfund 22-23
CYP fund for playschemes
Voluntary Youth Work Support Scheme
23-24
Summer Holiday Food Fund 2023
Coast Grant Fund
Bwyd Abertawe
Principality's Future Generations Fund
Swansea Spaces
Gower Power Grant
Regional HSCWS Grant 23/24
Shared Prosperity Fund
Swansea Period Dignity Grant
Swansea Direct Food Support Fund 23/24
Winter COAST
Swansea Direct Food Support Fund 24/25
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
46,151
(100,117)
(53,966)
(1)
(4,503)
(4,504)
1,911
(353)
1,558
32,085
(5,700)
26,385
20,906
(14,523)
6,383
6,664
(6,133)
531
10,730
(111)
10,619
8,382
1,063
9,445
6,884
(2,342)
4,542
28,906
(19,906)
9,000
3,469
-
3,469
166,087
(152,625)
13,462
-
(29,879)
(29,879)
-
10,748
10,748
(1,087)
-
(1,087)
19,750
-
19,750
154,265
(143,640)
10,625
22,182
(18,342)
3,840
500
(9,000)
(8,500)
57,265
(47,552)
9,713
-
(50)
(50)
1,260
(760)
500
49,980
(44,157)
5,823
639
(639)
-
49,600
(49,600)
-
3,900
(3,900)
-
25,690
(21,026)
4,664
3,500
(2,870)
630
3,000
(2,505)
495
6,285
(5,285)
1,000
1,597
(1,597)
-
7,346
(6,806)
540
7,999
(3,999)
4,000
9,999
(9,249)
750
2,500
-
2,500
2,000
(2,000)
-
4,854
(2,763)
2,091
29,999
(29,977)
22
1,707
(1,707)
-
1,498
(1,498)
-
4,810
(4,810)
-
3,440
-
3,440
474,478
(432,863)
41,615
640,565
(585,488)
55,077

Page 23

continued...

SWANSEA COMMUNITY FARM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

18. RESTRICTED FUNDS

National Lottery Fund Calon Farm Adult Volunteer & Training
Programme - Calon Farm for All project
Landfill Disposal Tax Community Scheme Engaging volunteers and the community in
Nature Conservation activities on the farm and
heath
West Glamorgan Mental Health Fund CYP Farming for Wellbeing - CYP Salary Costs for
Child and Youth staff to involve more YP
struggling with their mental health
West Glamorgan Mental Health Fund Adults Farming for Wellbeing - Adult Volunteering
Programme Salary Costs and project expenses
Playfund 2023-24 School Holiday Playscheme staffing and
expenses and additional staffing for Saturday
Farm Clwb
Direct Food Support Swansea Council Funding to feed those struggling with food
poverty and holiday hunger
The Big Give Green Match Fund Funds to support the Child and Youth Project
with staff costs and project expenses
COAST Winter of Wellbeing Staffing and resource costs for CYP. Increasing
social inclusion and improving health and
wellbeing
COAST Swansea Spaces Funding to cover heating costs, providing a
warm space in the Farm Cafe
Bwyd Abertawe Geifr Gwyr Project. Funding a feasibility study
for a goat CSA across Swansea and Gower
Principality Community Foundation Wales Contribution to Farm based activities for young
people sessional staff and expenses
Period Dignity Swansea Council Provision of period products and workshops to
alleviate period poverty and educate in
sustainable products
Shared Prosperity Fund Delivering Green Infrastructure programme as
part of Penderi Regeneration programme
Regional HSCWB Small Grant Scheme Staff and overheads costs for Child and Youth
Programme
Gower Power Funding for materials for food growing
Voluntary Youth Work Support Scheme Contribution to Child and Youth staff and
project costs
Awards for All Capital funding received to update the
bathrooms and volunteer communal areas at
the farm

Page 24

SWANSEA COMMUNITY FARM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Earned income
Participant contributions
Investment income
Deposit account interest
Charitable activities
Grants
Other income
Other income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Office, stationery and postage costs
Cleaning
Tools and materials
Staff expenses and training
Repairs and renewals
Refreshments
Volunteer expenses
Animal supplies
Subscriptions & memberships
Security
Sundry expenses
Volunteer Training
Fundraising expenses
Depreciation
Support costs
Support costs
Accountancy fees
Carried forward		 2024
£
16,115
47,595
2,968
50,563
2,032
305,947
1,428
376,085
203,595
7,574
8,682
959
7,469
8,027
1,148
1,771
2,028
18,131
5,035
6,272
867
5,879
11,984
3,323
-
1,877
8,149
43
16,484
319,297
5,274
5,274		 2023
£
13,749
38,684
2,575
41,259
430
206,906
2,136
264,480
148,069
2,659
6,205
799
7,769
6,195
1,346
1,574
1,020
20,669
2,027
4,706
149
6,548
8,239
2,638
476
35
5,135
310
17,898
244,466
4,094
4,094

This page does not form part of the statutory financial statements

Page 25

SWANSEA COMMUNITY FARM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Brought forward
Professional and consultancy fees
Bank Charges
Recruitment Expenses
Total resources expended
Net income		 2024
£
5,274
4,839
952
776
11,841
331,138
44,947		 2023
£
4,094
3,245
703
1,842
9,884
254,350
10,130

This page does not form part of the statutory financial statements

Page 26