**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**
- To use the Farm as a high quality, sustainable community asset for enhancing the resilience of the local community and as an accessible resource for people of all ages to benefit from the five ways to wellbeing: connecting, giving to others, learning new skills, keeping active, and taking notice of nature.
- To enable disadvantaged children and young people and adults with a range of vulnerabilities to grow and flourish.
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:**
- Trip to commercial sheep farm to learn about lambing
- Young people took part in the Swansea Christmas Parade
- Bushcraft Kids sessions learning outdoor skills with the brilliant Julian and Budgie
- A community Nativity
- Trip to Three Cliffs Bay foraging and sea swim
- Sheep Shearing lessons at the Farm
- Young people have become Farm Rangers (peer mentors)
- Farm Residential where the young people camped out and took part in lots of fun activities
- Some young people received peer mentoring training, safeguarding and attended a mental health workshop.
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**
- 19 playscheme sessions were held with 1171 attendances from children across the year.
- Feedback included "What a brilliant day! Such a variety of things to do and see."
- "The kids really enjoyed their time at the Farm, Loved the animals, crafts and activities. Much loved community resource."
- During the playschemes we provided 431 free lunches to children and snacks to their parents during the summer sessions.
Page 2
**SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **Family Volunteer Day**
- 25 families totalling 65 people attended our Family Volunteer Day.
- Here is just some of the positive feedback we received at the end of the day: "Thank you SO much. We all had a great time and can't believe we crammed so much excitement into such a small time."
- "Thank you so much for this amazing experience. I'd love to come again. I really enjoyed everything, especially walking the donkey. Thank you!"
## **Wiggly Worms**
- 212 children have taken part in the toddler Wiggly Worms session.
- Sessions include seeing the animals, story time, themed crafts and a cuppa for the adults.
- Sessions have been booked online through Eventbrite and have been very popular.
- Sessions are charged for so contribute towards earned income although some free spaces are always available.
## **Wellbeing Wednesday**
- Wellbeing Wednesday is a once-a-month session for young people who are not attending formal education due to poor mental health.
- 26 young people attended the sessions. With referrals from numerous organisations and departments throughout the council's family services.
- Highly attended by STF departments and behavioural units in local comprehensives.
## **Education and group visits**
- 20 school visits took place including visits from pupil referral units and STF units.
- We delivered education sessions out in the community and in schools around pollinators and wildflowers.
- Our goats visited several local schools as part of fun days and community events
## **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:**
- Between April 2023 and March 2024, we worked with 153 volunteers.
- They contributed over 7646 hours to the running of the Farm.
- Of our core volunteers, over 90% have mental health challenges and over 50% are neurodivergent.
- Many are drawn to the opportunity to work outdoors and with animals, and to join a healthy, inclusive community. We have seen an increase in number of young volunteers, including many neurodiverse and trans young people. They find the supportiveness of the Farm community vital in improving their confidence.
## **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.
Page 3
## **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.
Page 4
**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|
||||
- Total incoming resources at £376,087 was £111,607 higher than in 2022-23.
- Cash expenditure at £320,239 was £83,787 higher than 2022-23.
- The other reserves held by the farm comprise of capital equipment. These have been funded out of both restricted and unrestricted funds and at the year end the amount of assets held by the farm were: - Farm assets from Restricted funds - £38,816.
- Farm assets from Unrestricted funds - £9,075.
## **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
3. 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
4. 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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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':
- the requirements of Section 7 Statement of Cash Flows.
## **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
Page 12
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.
Page 13
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