**REGISTERED COMPANY NUMBER: 03899645 (England and Wales) REGISTERED CHARITY NUMBER: 1079907**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
**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 2025**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 11|
|**Independent Examiner's Report**|12|
|**Statement of Financial Activities**|13|
|**Statement of Financial Position**|14|
|**Notes to the Financial Statements**|15 to 27|
|**Detailed Statement of Financial Activities**|28 to 29|
## **SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
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 2025. 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**
## **Overall Aims**
1. Transform the lives of marginalised adults and young people struggling with health inequalities (generally poor mental health, poverty, disabilities)
2. Work with volunteers to provide a free to access, educational green space for the local disadvantaged community.
3. To educate about animals, the environment and sustainable food production in engaging and practical ways
## **Vision**
Our vision is to transform lives through connection with nature, animals and each other
We are a mental health and wellbeing charity supporting marginalised people facing health inequalities, poverty and disabilities to lead happier, more meaningful lives by better connecting with their local community and the natural world.
We're a farm that cares for people - whether they're in moments of crisis or simply looking for new skills - using the power of animals, food and the environment to look after each other.
## **Mission**
We want it to be as easy as possible for the marginalised people of Swansea to feel valued, confident, healthy, and more connected to people, their local community and nature.
## **Our values**
We believe in a fairer, more equal society where ill health, poverty and neurodiversity aren't a barrier to feeling accepted and valued.
We are kind. We are positive about people. We are non-judgemental. We are passionate about learning new things, giving, taking notice of nature, getting physically active and connecting with others.
We believe in giving people the confidence, self-belief, and knowledge to improve their own lives. We believe that both social inequality and the climate and nature emergencies can be addressed by building, knowledge, passion and citizenship of local people.
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 fêtes, and site hire to other community organisations and groups.
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## **SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Child and Youth Programme**
Funded by West Glamorgan Regional Integrated Partnership, along with small grants from Swansea Council, COAST and the Gwendoline and Margaret Charity, 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 24 - March 25 included:**
- Trip to commercial sheep farm to learn about lambing
- Young people took part in the Swansea Christmas Parade
- Bushcraft Kidz sessions learning outdoor skills with the brilliant Julian and Budgie
- Were elves and ran the cafe and stalls in the Festive Family Fun Day
- Trip to Three Cliffs Bay foraging and sea dip
- Young people have become Farm Rangers (peer mentors)
- Farm Residential where the young people camped out and took part in lots of fun activities
The young volunteers have also carried out several litter picks, helping to gain KWT Green Flag award for both the Farm and Heath. They have also taken part in a wildlife hunts, foraging and pond dipping, learning about heathland species and contributing vital data to Citizen Science projects.
The Farm Clwb Young Volunteers were finalist in the St Davids Award in the Environmental champions category and attended events in the Senedd to be celebrated.
From April 2024 to March 2025, 45 young people have taken part in Farm Clwb (our main Saturday programme) completing a total of 3322 hours of volunteering. 46% of the young people who attended the project have ASD, ADHD or both 55% of young people suffer with anxiety. Young people are referred in and there is a waiting list of over year for this much coveted farm-based youth club.
## **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. The young volunteers have all made significant progress in this whilst attending Farm Clwb.
One young volunteer who left school due to being bullied, having violent outbursts, social anxiety and self-harming shared how the farm has helped them.
"Before I came here, my social anxiety was really bad, and I had no friends. When I first started, I felt really nervous. When I got here there were lots of people, but it was really fun and even though it was really busy, I didn't feel overwhelmed like when you go somewhere new.
If I wasn't here, I would still be in bed. The farm gives me a reason to get out of bed. I don't really do very much so that is why I like coming to the farm. It gets me doing something and I am learning new things too.
I have learned so much. I've learned how to survive in the wild and how to walk and care for the animals which I don't think many people have done! The biggest difference the farm has made for me is my social anxiety. Before I was scared to talk to people but now I can. I feel like I am really getting over it now.
The thing I am most proud of is the fact I have made new friends and that I am getting over my anxiety which is a really big thing to me. I really didn't think I would be able to get over it but I am doing it.
Before coming to the farm, I always felt like I had a weight on my chest. I would get so stressed and be violent and then feel really guilty, but I came here, and I can be myself. I'm so happy".
## **Playschemes**
- 16 playscheme sessions were held with 1156 attendances from children across the year.
- Feedback included "my children love coming to the community farm. It is a chance for them to be free, learn to be free, learn about the animals and gardening. They are allowed to be wild, get stuck into activities in a safe and welcoming environment."
## **Family Volunteer Day**
- 50 Adults and Children attended our Family Volunteer Day and Family Beekeeping Day.
Page 2
## **SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
- They looked after the Farm together and learnt all about the honeybees. Families had the opportunity to go behind the scenes and into the hives.
## **Wellbeing Wednesday**
- Wellbeing Wednesday is a once-a-month session for young people who are not attending formal education due to poor mental health.
- 185 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
Page 3
**SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **ADULT VOLUNTEER AND TRAINING PROGRAMME**
The adult volunteer programme was funded by West Glamorgan Regional Partnership and WCVA Volunteering Wales, which underpins our core work, improving the wellbeing of adults through purposeful engagement in the work of the Farm. Over the past year, adult volunteers have remained at the heart of the Farm's daily operations. In recognition of their vital contributions, they have been offered meaningful support to enhance their health, wellbeing, skills, and self-confidence.
## **Numbers of adults involved:**
- Between April 2024 and March 2025, we worked with 154 volunteers.
- They contributed over 8071 hours to the running of the Farm.
- Of our core volunteers, over 90% have mental health challenges and over 50% are neurodivergent.
- - The chance to work outdoors, connect with animals, and be part of a welcoming, inclusive community continues to attract many volunteers. This year, we've seen a notable rise in young people (aged 16-30) getting involved..
## **Impact**
Coming to the Farm has a lasting impact on people's mental health and wellbeing. Our approach promotes overall wellbeing by addressing multiple areas of life, from physical and mental health to social connection, economic stability, and personal empowerment, often leading to a significantly improved quality of life.
Over the past year, volunteers have gained knowledge and practical skills in cooking, animal care, practical green and nature recovery skills. A few highlights stand out, including several volunteers progressing to become Muckers, and others taking on additional animal care and education visit and play support roles on other days of the week.
We welcomed 137 new volunteers, and it's been fantastic to see how supportive our existing volunteers have been in helping them settle in. We've also seen a growing number of young people (16-30) with complex needs and anxiety join, and the volunteer team has come together to provide them with a caring and supportive environment.
The recruitment of three staff members to help run the adult volunteer programme has been invaluable. Their presence has not only helped new volunteers feel more comfortable and open but also enabled many long-standing volunteers to develop new skills and freed up time for the senior leadership team to focus on strategic and systems development.
There have been many memorable moments throughout the year. Volunteers had a chance to use a mechanical digger as part of our Green Skills Pilot week where we also visited the green conference, and several green developments and projects including going to the top of Swansea's innovative biophilic building. Inspired by our growing repertoire in nature-based solutions and green roof building projects, three of our long-term volunteers worked together to construct an impressive, green roofed, eco-friendly sheep shelter.
Training opportunities this year included two rounds of chainsaw training and sheep shearing sessions alongside accredited food hygiene, fire safety, mental health first aid and first aid training. Volunteers were also actively involved in interviewing candidates for new staff roles.
One volunteer said, "My mental health had been poor all the way through my life. Coming to the Farm has ignited my interest in life, being a part of other people's lives. Coming here, I feel like I have purpose, I have meaning. I can have feelings here safely and not worry about who I talk to. It is a safe place to share and be listened to. I experience strength and hope."
Another said, "My confidence and mental health had gone down. I was feeling a little bit lost and lonely. I emailed in and it was the best email I sent. I've never felt so welcomed and appreciated at a job. I genuinely now feel a part of something, and I have a purpose. My confidence has started coming back. I go out more now and I've started to think about going back to university. I love it here and I really appreciate what the Farm has done for me."
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**SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
Page 5
## **SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **COMMUNITY OUTREACH**
The Farm was part of a joint SPF project with Pobl Group and Urban Foundry to improve urban green spaces in Swansea. We were commissioned to provide engagement activities at the Farm and out in Penderi that involved local people in nature recovery, urban greening and practical approaches to improving their own communities.
This work directly contributed to our broader environmental goals, while also providing hands-on learning and engagement opportunities for volunteers and visitors. This involved outreach work with parents in 3 local primary schools improving their community green spaces, a new weekly Friday Penderi Green Skills session (run out of the 104 Blaenymaes)
Outcomes of the project included - helping to develop environmental awareness, wellbeing, and connection to nature among children and young people.
The funding also created 2 new staff roles, including one which was taken by a local young person (and former volunteer). These team members have been instrumental in delivering community outreach, volunteer support, nature-focused activities, and educational work across the Penderi regeneration area.
## **EVENTS AND AWARDS**
We kicked off April with our very first Farm Gala, where our team swapped wellies for elegant attire at a fantastic evening organised by the BNI Dylan Chapter. Thanks to the generosity of supporters, a fun auction, raffles, we reached an incredible £18,178 through the Green Match Fund campaign. This campaign also included staff members completing the Gower Three Peaks challenge, as well as volunteers getting involved in fundraising activities throughout the week.
Our annual Summer Solstice Wellbeing Day brought together volunteers and local residents for a lovely day of connection and mindfulness. Children and families enjoyed our record-breaking Friday Playscheme, which welcomed almost 250 children in its first week, with over 116 free lunches provided thanks to Swansea Council funding. Our Family Volunteer Days, beekeeping activities, and Cadle Heath butterfly counts further strengthened links with nature and one another.
In October we reopened our Farm Cafe for the first time in 5 years and has been a great success, offering volunteering food training opportunities, while also providing a warm, welcoming space for community members to visit and connect. From October to January the cafe served 210 Adult Volunteers meals and over 150 Child and Youth meals. We fed 45 volunteers and community members for our annual Christmas dinner attended by the High Sheriff, and 48 spaces were created for 50+ year olds cookery classes.
October gave us the chance to celebrate the transformative power of volunteering, as one parent shared moving testimonies about how the Farm has enriched their families' lives. "Swansea Community Farm has had a huge positive impact on my son and in turn the family. He had no confidence, and his anxiety was through the roof. Fast forward to nearly 3 years later and it's a very different story. He has gone through a huge change thanks to the farm but it's the family that has also changed. The dark cloud we were under has been lifted. We are a happier unit; we talk more openly and love spending time together. Our house has more fun and laughter now."
In December, our Festive Family Farm Fun Day showcased the talents and confidence of our young volunteers as they hosted a very successful fundraising event.
The new year began with a milestone: the start of our 25th Anniversary celebrations. From the traditional Wassail Day in January to a growing programme of workshops, activities, and other seasonal events.
In February we held our AGM, where our incredible volunteers stood up to share how the farm has impacted them. In the same month, our amazing young volunteers were nominated and shortlisted as finalists in the St David's Awards, for the 'Environment Champion Award.'
We received the Green Flag Community Award for 24/25 and in March, CEO Kate Gibbs was honoured with the High Sheriff of West Glamorgan Award for Recognition of Great and Valuable Services to the Community.
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## **SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **A SUMMARY OF OUR YEAR AT THE FARM**
This year we have continued to focus on strengthening our team, supporting our community, and ensuring the long-term sustainability of Swansea Community Farm.
Thanks to funding from the West Glamorgan Regional Partnership and WCVA Volunteering Wales, we welcomed two members of staff: an Adult Wellbeing Officer and a Youth Volunteer Wellbeing Worker. We also committed reserves to a pilot of the cafe project adding a cafe officer to revitalise our work in this area. These roles have expanded our ability to run meaningful volunteer programmes for both adults and young people, helping more people to access the health, wellbeing, and social benefits of Farm volunteering.
Support from the Shared Prosperity Fund (SPF) has been vital to the Farm's outreach and projects improving the Penderi regeneration area over the past year, enabling us to practice our collaborative working with partners, bring in additional income and deliver purposeful community and environmental projects alongside the local people that live in the area. The funding supported improving green skills training for local people, nature recovery work with parents in local primary schools, improved outdoor education sessions in 3 local primary schools, and sustained key staff roles that improved coordination, outreach, and engagement.
Our outreach has grown significantly. From working with schools to hosting groups including looked-after children, foster carers, and asylum seeker support organisations, the Farm continues to be a welcoming space for those who face isolation and disadvantage. Our 50+ Cookery Workshops, supported by Swansea Council, brought people together to share food, learn new skills, and combat loneliness in the colder months.
We remain committed to supporting those impacted by the cost-of-living crisis. Our Community Pantry continues to provide essential food for families, thanks to ongoing partnerships with Lidl, FareShare Cymru, Swansea Council, and the Farm's own produce.
With thanks to funding from the National Lottery Community Fund, Awards for All grant we completed the renovations of our onsite bathroom facilities, including the installation of on adjustable hoist in our accessible bathroom, creating a fully inclusive space.
We continued to grow our connections by exhibiting at many events throughout the year including the 4theRegion Swansea Conference. Several people have taken part in various fundraising activities including, the Swansea and Llanelli 10K, The London Marathon and ziplining through the Welsh mountains.
The Senior Leadership Team worked with Pilotlight to further develop strategic thinking around the organisation's growth and management. The rapid growth of the Farm team and activities over 2024-25 brought its own challenges, and we will use our learning from Pilotlight to prioritise our work and support our team. Through consultation, we rephrased the Farm's vision and aims, with a clearer emphasis on mental health support and poverty alleviation.
We have engaged in some incredible partnership work with a wide range of Swansea organisations, all focussed on developing wellbeing, green skills and creating more opportunities for marginalised people. We have been trialling new ways to help minoritised young people explore sustainable career paths in the green jobs sector working alongside Pobl Group, EYST Swansea, The CAE, Gower College for an exciting collaboration for an application to The National Lottery Community Sustainable Steps fund.
We are incredibly grateful that our core costs have been supported this year through grants from the Austin Bailey Foundation, The Henry Smith Charity, the Garfield Weston Foundation, Postcode Community Trust and Austin Bailey Foundation. In addition, we've received dedicated project funding from Friends of the Earth for our Postcode Gardener initiative, and from Natur am Byth, helping us to continue and expand our vital environmental and community work.
As we celebrate 25 years of Swansea Community Farm, we are proud to look back on our journey so far, and even more excited to continue growing alongside our community for the next 25 years.
## **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.
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## **SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **FINANCIAL REVIEW FINANCIAL PERFORMANCE**
The Farm's financial position remained stable in 2024-25.
It is important to highlight that 2024-25 was an exceptional year financially. In fact, the best in Farm history, due to the Shared Prosperity Fund Project being condensed into only one year. This rapid, short-term growth was not particularly sustainable with our current structure. We would seek to avoid scaling up so rapidly if similar future growth and funding opportunities occur by either saying no, adjusting our offer or adding management capacity.
Price rises and increases in the living wage and national insurance has impacted our costs this year as well as affecting the people we support and increasing the demand for support as our volunteer's 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 (£62,850 compared to £50,563 last year which is 24% increase). This is due to continued partnerships and projects we have been involved with, as the team have worked hard to develop new income streams, including the reopening of our Cafe in October 2024. We see 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.
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 £286,113.
## **Income - £469,133 (£376,087 in 2023-24)**
Total income increased compared to the previous year due to a new project, the Shared Prosperity Fund, and continued funding from a range of sources, Governments, Trusts & Foundations, including West Glamorgan Regional Partnership, Garfield Weston Foundation and The Henry Smith Charity.
Grants made up most of the income (76%) followed by earned income (13%) and donations (9%).
## **Expenditure - £457,373 (£331,143 in 2023-24)**
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 (63%) followed by Tools & materials (11%)
## **The Farm as a Going Concern**
The Board of Trustees regard the Farm as a going concern.
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**SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **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 nine 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**
|**Income for the year**
Grants - restricted and unrestricted
Donations, gifts in kind and legacies
Generated Income - earned, membership, fundraising
**Total Income**
**Total funds brought forward from 2023/24**
Unrestricted - designated
Unrestricted - free reserves
Restricted
**Total funds available to spend**
**Amounts spent during the year:**
Expenditure for the day to day running of the farm (inc depreciation)
Add: capital expenditure
Less: depreciation
**Balance for the year**
**Funds to be carried forward from 2024/25**
Unrestricted - designated
Unrestricted - free reserves
Restricted|£
358,295
43,622
67,216
-
241,617
25,303
457,373
1,788
(11,684)|£
469,133
266,920
736,053
447,477
288,576
-
286,113
2,463
288,576|
|---|---|---|
- Total incoming resources at £469,133 was £93,046 higher than in 2023-24.
- Cash expenditure at £447,477 was £127,238 higher than 2023-24.
- 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 - £30,450.
- Farm assets from Unrestricted funds - £7,545.
## **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.
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**SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **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 Angela Williams (resigned March 2025) Clare Cooper (resigned May 2025) Kate Havard (resigned March 2025) Nirdeep Kaur Ann Bell (Appointed March 2025) Meinir Morgan (appointed March 2025) (resigned June 2025) Stephen Taylor (appointed June 2025) Megan Rosser (appointed June 2025) Professor Euan Hails Mbe Qn (appointed July 2025) Kate McCabe (appointed July 2025) Asha Boyce (appointed August 2025) Stacy Dawn Adamiec (resigned December 2024)
## **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
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**SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
## **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 Business Support Officer Louise Watkins Finance Officer Sarah Mackinnon Dyfodol Gwyrdd Officer Stephen John-Kay Dyfodol Gwyrdd Worker Liz Goodall Cafe Officer Kate Williams Wellbeing Officer Lisa Warren Youth Volunteer Officer Catharine Claire Thomas
## **Sessional Support Staff**
Peter Diamond, Helen Emms, Alun Thomas, Shannon Tinnuche, 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 ............................................. and signed on its behalf by:
........................................................................... Mrs N K Demello - Trustee
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## **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 2025.
## **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
Date: 17 December 2025
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## **SWANSEA COMMUNITY FARM**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
43,622
**Charitable activities**
5
Community Farm
1,000
Other trading activities
3
62,850
Investment income
4
3,218
Other income
1,148
**Total**
111,838
**EXPENDITURE ON**
**Charitable activities**
6
Community Farm
170,458
**NET INCOME/(EXPENDITURE)**
(58,620)
**Transfers between funds**
16
101,586
**Net movement in funds**
42,966
**RECONCILIATION OF FUNDS**
Total funds brought forward
250,692
**TOTAL FUNDS CARRIED FORWARD**
293,658|Restricted
funds
£
-
357,295
-
-
-
357,295
286,915
70,380
(101,586)
(31,206)
64,119
32,913|2025
Total
funds
£
43,622
358,295
62,850
3,218
1,148
469,133
457,373
11,760
-
11,760
314,811
326,571|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|
|---|---|---|---|
The notes form part of these financial statements
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## **SWANSEA COMMUNITY FARM (REGISTERED NUMBER: 03899645)**
## **STATEMENT OF FINANCIAL POSITION 31 MARCH 2025**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
13
7,545
**CURRENT ASSETS**
Debtors
14
38,329
Cash at bank and in hand
272,102
310,431
**CREDITORS**
Amounts falling due within one year
15
(24,318)
**NET CURRENT ASSETS**
286,113
**TOTAL ASSETS LESS CURRENT LIABILITIES**
293,658
**NET ASSETS**
293,658
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
30,450
-
2,463
2,463
-
2,463
32,913
32,913|2025
Total
funds
£
37,995
38,329
274,565
312,894
(24,318)
288,576
326,571
326,571
293,658
32,913
326,571|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|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 ............................................. and were signed on its behalf by:
............................................. N K Demello - Trustee
The notes form part of these financial statements
Page 14
**SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **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 15
continued...
**SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **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 and equipment relates to expenditure incurred when setting up the farm. The capitalised costs have been fully depreciated.
Site development and building costs have historically been amortised over the life of the lease held. They are currently being depreciated at 20% on the net book value of the assets.
## **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**
Page 16
continued...
## **SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **1. ACCOUNTING POLICIES - continued**
## **Company status**
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.
## **Presentational and functional currency**
The charity's presentational and functional currency is GBP.
## **2. DONATIONS AND LEGACIES**
|2025
£
Donations
43,622
**3.**
**OTHER TRADING ACTIVITIES**
2025
£
Earned income
59,890
Participant contributions
2,960
62,850
**4.**
**INVESTMENT INCOME**
2025
£
Deposit account interest
3,218
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
2025
Community
Farm
£
Grants
358,295
Grants received, included in the above, are as follows:
2025
£
Volunteering Wales (WCVA)
24,968
Swansea Council C&Y Playfund
4,460
Postcode CommunityTrust
25,000
Garfield Weston Foundation
35,000
Austin Bailey Foundation
1,000
National Lottery Fund – Calon Farm
-
The Henry Smith Charity
34,300
Landfill Disposal Tax Community Scheme
-
West Glamorgan Mental Health Fund Adults
35,970
Voluntary Youth Work Support Scheme 23-24
-
Summer Holiday Food Fund 2023
-
West Glamorgan Mental Health Fund CYP
21,294
Coast Grant Fund
-
Swansea Direct Food Support Fund 23/24
-
Swansea Direct Food Support Fund 24/25
2,649
Awards for all
-
Carried forward
184,641|2024
£
16,115
2024
£
47,595
2,968
50,563
2024
£
2,032
2024
Total
activities
£
305,947
2024
£
-
3,000
-
6,500
-
91,101
33,300
9,997
35,970
6,285
1,597
21,295
7,346
1,498
3,440
19,750
241,079|
|---|---|
Page 17
continued...
**SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **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 Charity
Postcode Gardener
Winter COAST 50+
Winter COAST C&Y
Youth Bank
West Glam Small Grant
Swansea Summer Holiday Food Fund
Geifr Gwyr (Goatbusters)
**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
Sundry expenses
Volunteer Training
Fundraising expenses
Depreciation|Direct
Costs (see
note 7)
£
444,828|2025
£
184,641
-
-
-
1,921
1,500
-
-
140,959
5,000
7,600
2,500
1,920
700
5,647
2,423
3,484
358,295
Support
costs (see
note 8)
£
12,545
2025
£
286,050
314
9,507
6,995
1,007
6,689
1,504
48,501
9,213
18,516
453
17,301
10,943
6,451
1,094
7,750
856
11,684
444,828|2024
£
241,079
2,000
7,999
9,999
1,707
2,500
4,810
4,854
29,999
1,000
-
-
-
-
-
-
-
305,947
Totals
£
457,373
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|
|---|---|---|---|
Page 18
continued...
**SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **8. SUPPORT COSTS**
|**8.**
**SUPPORT COSTS**|||
|---|---|---|
|Community Farm
**9.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|2025
£
11,684|Support
costs
£
12,545|
|||2024
£
16,485|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
During the year, 1 trustee was reimbursed a total of £335 for travel expenses (2024: £nil).
## **11. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|2025|2024|
|---|---|
|23|23|
No employees had employee benefits in excess of £60,000 (2024: 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 (2024: £nil). Trustees had no reimbursed expenses during the year (2024:£nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).
The key management personnel of the charity comprise of the trustees and the senior management team. The total employee benefits of the key management personnel of the charity were £115,201 (2024: £110,330).
|Wages and salaries
Social security costs
Other pension costs|31/03/25
£
260,612
14,119
11,319
286,050|31/03/24
£
203,598
7,574
8,681
219,583|
|---|---|---|
Page 19
continued...
## **SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
|**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
16,115
**Charitable activities**
Community Farm
7,500
Other trading activities
50,563
Investment income
2,032
Other income
1,428
**Total**
77,638
**EXPENDITURE ON**
**Charitable activities**
Community Farm
85,128
**NET INCOME/(EXPENDITURE)**
(7,490)
**Transfers between funds**
49,559
**Net movement in funds**
42,069
**RECONCILIATION OF FUNDS**
Total funds brought forward
208,623
**TOTAL FUNDS CARRIED FORWARD**
250,692
**13.**
**TANGIBLE FIXED ASSETS**
Site
Site
Fixtures
Development
Clearance
and
& Building
& Equipment
fittings
£
£
£
**COST**
At 1 April 2024
626,927
19,885
27,531
Additions
-
-
-
At 31 March 2025
626,927
19,885
27,531
**DEPRECIATION**
At 1 April 2024
585,096
19,885
25,506
Charge for year
8,366
-
1,351
At 31 March 2025
593,462
19,885
26,857
**NET BOOK VALUE**
At 31 March 2025
33,465
-
674
At 31 March 2024
41,831
-
2,025|Restricted
funds
£
-
298,447
-
-
-
298,447
246,010
52,437
(49,559)
2,878
61,241
64,119
Computer
& other
equipment
£
26,668
1,788
28,456
22,633
1,967
24,600
3,856
4,035|Total
funds
£
16,115
305,947
50,563
2,032
1,428
376,085
331,138
44,947
-
44,947
269,864
314,811
Totals
£
701,011
1,788
702,799
653,120
11,684
664,804
37,995
47,891|
|---|---|---|
Page 20
continued...
## **SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
Prepayments and accrued income|2025
£
35,832
2,497
-
38,329|2024
£
26,019
-
8,026
34,045|
|---|---|---|
## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Creditors
Social security and other taxes
Other creditors
Accrued expenses|2025
£
12,189
6,097
550
5,482
24,318|2024
£
4,461
3,954
2,079
8,403
18,897|
|---|---|---|
## **16. MOVEMENT IN FUNDS**
|**Unrestricted funds**
Free Reserves
Designated - Assets
Cafe
Community Unrestricted
Child & Youth Earned
Adult Volunteers Earned
Education Earned
Animals Earned
Ground & Buildings
Core
**Restricted funds**
Site development and building assets
Garfield Weston Foundation
Awards for All
West Glamorgan Mental Health Fund CYP
The Henry Smith Charity
West Glamorgan Mental Health Fund Adults
CYP Playschemes Fund
Regional HSCWS Grant 23/24
Shared Prosperity Fund
Geifr Gwyr (Goatbusters)
Swansea Direct Food Support Fund 24/25
Postcode Community Trust
Volunteering Wales 24-25
Postcode Gardener
Swansea Spaces 24-25
West Glam Small Grant
Swansea Summer Holiday Food Fund
**TOTAL FUNDS**|At 1.4.24
£
241,617
9,075
-
-
-
-
-
-
-
-
250,692
38,816
-
19,750
-
-
-
-
2,091
22
-
3,440
-
-
-
-
-
-
64,119
314,811|Net
movement
in funds
£
(5,898)
(3,318)
5,610
36,484
1,370
2,655
4,671
5,181
195
(105,570)
(58,620)
(8,366)
35,000
(19,750)
3,839
10,749
5,873
1,440
(1,341)
12,526
1,456
(3,440)
25,000
2,766
2,023
1,500
833
272
70,380
11,760|Transfers
between
funds
£
50,394
1,788
(5,610)
(36,484)
(1,370)
(2,655)
(4,671)
(5,181)
(195)
105,570
101,586
-
(35,000)
-
(3,839)
(10,749)
(5,873)
(1,440)
(750)
(12,548)
-
-
(25,000)
(2,766)
(1,016)
(1,500)
(833)
(272)
(101,586)
-|At
31.3.25
£
286,113
7,545
-
-
-
-
-
-
-
-
293,658
30,450
-
-
-
-
-
-
-
-
1,456
-
-
-
1,007
-
-
-
32,913
326,571|
|---|---|---|---|---|
Page 21
continued...
## **SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **16. MOVEMENT IN FUNDS - continued**
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
**Restricted funds**
Site development and building assets
Garfield Weston Foundation
Awards for All
West Glamorgan Mental Health Fund CYP
The Henry Smith Charity
West Glamorgan Mental Health Fund Adults
CYP Playschemes Fund
Regional HSCWS Grant 23/24
Shared Prosperity Fund
Swansea Period Dignity Grant
Geifr Gwyr (Goatbusters)
Swansea Direct Food Support Fund 24/25
Postcode Community Trust
Margaret Davies Charity
Volunteering Wales 24-25
Postcode Gardener
Swansea Spaces 24-25
Winter COAST 50+
Winter COAST C&Y
Youth Bank
West Glam Small Grant
Swansea Summer Holiday Food Fund
**TOTAL FUNDS**|Incoming
resources
£
-
-
7,513
38,467
6,599
8,946
4,869
5,261
195
39,988
111,838
-
35,000
-
21,294
34,300
35,970
4,460
-
140,959
1,921
3,484
2,649
25,000
5,000
24,968
7,600
1,500
2,500
1,920
700
5,647
2,423
357,295
469,133|Resources
Movement
expended
in funds
£
£
(5,898)
(5,898)
(3,318)
(3,318)
(1,903)
5,610
(1,983)
36,484
(5,229)
1,370
(6,291)
2,655
(198)
4,671
(80)
5,181
-
195
(145,558)
(105,570)
(170,458)
(58,620)
(8,366)
(8,366)
-
35,000
(19,750)
(19,750)
(17,455)
3,839
(23,551)
10,749
(30,097)
5,873
(3,020)
1,440
(1,341)
(1,341)
(128,433)
12,526
(1,921)
-
(2,028)
1,456
(6,089)
(3,440)
-
25,000
(5,000)
-
(22,202)
2,766
(5,577)
2,023
-
1,500
(2,500)
-
(1,920)
-
(700)
-
(4,814)
833
(2,151)
272
(286,915)
70,380
(457,373)
11,760|
|---|---|---|
Page 22
continued...
**SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **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
Core
Geifr Gwyr (Goatbusters)
**Restricted funds**
Site development and building assets
The Henry Smith Charity
Awards for All
National Lottery Fund - Calon Farm
West Glamorgan Mental Health Fund CYP
Landfill Disposal Tax Community Scheme
West Glamorgan Mental Health Fund Adults
CYP Playschemes Fund
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 1.4.23
£
205,896
2,727
-
-
-
-
-
-
-
-
-
208,623
52,846
-
-
6,945
-
1,450
-
-
-
-
-
-
-
-
-
-
61,241
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
3,840
2,519
5,873
495
1,000
540
4,000
750
2,500
2,091
22
3,440
52,437
44,947|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)
(3,840)
(3,969)
(5,873)
(495)
(1,000)
(540)
(4,000)
(750)
(2,500)
-
-
-
(49,559)
-|At
31.3.24
£
241,617
9,075
-
-
-
-
-
-
-
-
-
250,692
38,816
-
19,750
-
-
-
-
-
-
-
-
-
-
2,091
22
3,440
64,119
314,811|
|---|---|---|---|---|
Page 23
continued...
## **SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **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
Core
Geifr Gwyr (Goatbusters)
**Restricted funds**
Site development and building assets
The Henry Smith Charity
Awards for All
National Lottery Fund - Calon Farm
West Glamorgan Mental Health Fund CYP
Landfill Disposal Tax Community Scheme
The Henry Smith Charity
West Glamorgan Mental Health Fund Adults
CYP Playschemes Fund
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
£
710
-
1,438
9,939
16,782
3,795
7,071
4,503
1,025
28,906
3,469
77,638
-
-
19,750
91,101
21,295
9,997
33,300
35,970
3,000
6,285
1,597
7,346
7,999
9,999
2,500
2,000
4,854
29,999
1,707
1,498
4,810
3,440
298,447
376,085|Resources
Movement
expended
in funds
£
£
(46,575)
(45,865)
(2,454)
(2,454)
(333)
1,105
(2,579)
7,360
(12,212)
4,570
(3,346)
449
(111)
6,960
2,388
6,891
-
1,025
(19,906)
9,000
-
3,469
(85,128)
(7,490)
(14,030)
(14,030)
10,748
10,748
-
19,750
(82,202)
8,899
(17,455)
3,840
(7,478)
2,519
(33,300)
-
(30,097)
5,873
(2,505)
495
(5,285)
1,000
(1,597)
-
(6,806)
540
(3,999)
4,000
(9,249)
750
-
2,500
(2,000)
-
(2,763)
2,091
(29,977)
22
(1,707)
-
(1,498)
-
(4,810)
-
-
3,440
(246,010)
52,437
(331,138)
44,947|
|---|---|---|
Page 24
continued...
## **SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **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
Garfield Weston Foundation
National Lottery Fund - Calon Farm
West Glamorgan Mental Health Fund CYP
Landfill Disposal Tax Community Scheme
The Henry Smith Charity
West Glamorgan Mental Health Fund Adults
CYP Playschemes Fund
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
Geifr Gwyr (Goatbusters)
Postcode Community Trust
Volunteering Wales 24-25
Postcode Gardener
Swansea Spaces 24-25
West Glam Small Grant
Swansea Summer Holiday Food Fund
**TOTAL FUNDS**|At 1.4.23
£
205,896
2,727
-
-
-
-
-
-
-
-
-
208,623
52,846
-
-
6,945
-
1,450
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
61,241
269,864|Net
movement
in funds
£
(51,763)
(5,772)
6,715
43,844
5,940
3,104
11,631
12,072
1,220
(96,570)
3,469
(66,110)
(22,396)
10,748
35,000
8,899
7,679
2,519
10,749
11,746
1,935
1,000
540
4,000
750
2,500
750
12,548
1,456
25,000
2,766
2,023
1,500
833
272
122,817
56,707|Transfers
between
funds
£
131,980
10,590
(6,715)
(43,844)
(5,940)
(3,104)
(11,631)
(12,072)
(1,220)
96,570
(3,469)
151,145
-
(10,748)
(35,000)
(15,844)
(7,679)
(3,969)
(10,749)
(11,746)
(1,935)
(1,000)
(540)
(4,000)
(750)
(2,500)
(750)
(12,548)
-
(25,000)
(2,766)
(1,016)
(1,500)
(833)
(272)
(151,145)
-|At
31.3.25
£
286,113
7,545
-
-
-
-
-
-
-
-
-
293,658
30,450
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,456
-
-
1,007
-
-
-
32,913
326,571|
|---|---|---|---|---|
Page 25
continued...
## **SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **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
Garfield Weston Foundation
Awards for All
National Lottery Fund - Calon Farm
West Glamorgan Mental Health Fund CYP
Landfill Disposal Tax Community Scheme
The Henry Smith Charity
West Glamorgan Mental Health Fund Adults
CYP Playschemes Fund
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
Geifr Gwyr (Goatbusters)
Swansea Direct Food Support Fund 24/25
Postcode Community Trust
Margaret Davies Charity
Volunteering Wales 24-25
Postcode Gardener
Swansea Spaces 24-25
Winter COAST 50+
Winter COAST C&Y
Youth Bank
West Glam Small Grant
Swansea Summer Holiday Food Fund
**TOTAL FUNDS**|Incoming
resources
£
710
-
8,951
48,406
23,381
12,741
11,940
9,764
1,220
68,894
3,469
189,476
-
-
35,000
19,750
91,101
42,589
9,997
67,600
71,940
7,460
6,285
1,597
7,346
7,999
9,999
2,500
2,000
4,854
170,958
3,628
1,498
4,810
3,484
6,089
25,000
5,000
24,968
7,600
1,500
2,500
1,920
700
5,647
2,423
655,742
845,218|Resources
Movement
expended
in funds
£
£
(52,473)
(51,763)
(5,772)
(5,772)
(2,236)
6,715
(4,562)
43,844
(17,441)
5,940
(9,637)
3,104
(309)
11,631
2,308
12,072
-
1,220
(165,464)
(96,570)
-
3,469
(255,586)
(66,110)
(22,396)
(22,396)
10,748
10,748
-
35,000
(19,750)
-
(82,202)
8,899
(34,910)
7,679
(7,478)
2,519
(56,851)
10,749
(60,194)
11,746
(5,525)
1,935
(5,285)
1,000
(1,597)
-
(6,806)
540
(3,999)
4,000
(9,249)
750
-
2,500
(2,000)
-
(4,104)
750
(158,410)
12,548
(3,628)
-
(1,498)
-
(4,810)
-
(2,028)
1,456
(6,089)
-
-
25,000
(5,000)
-
(22,202)
2,766
(5,577)
2,023
-
1,500
(2,500)
-
(1,920)
-
(700)
-
(4,814)
833
(2,151)
272
(532,925)
122,817
(788,511)
56,707|
|---|---|---|
Page 26
continued...
**SWANSEA COMMUNITY FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025**
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2025.
## **18. RESTRICTED FUNDS**
Supporting adult volunteers and the community with mental health and wellbeing
## **Volunteering Wales**
**West Glamorgan Mental Health Fund** Farming Ways to Wellbeing - CYP Salary Costs for Child and Youth staff **CYP** to involve more YP struggling with their mental health **West Glamorgan Mental Health Fund** Farming for Wellbeing - Supporting Adult Volunteers with their mental **Adults** health and wellbeing. **Swansea Council Play Fund 2024-25** School Holiday Playscheme staffing and expenses and additional staffing for Saturday Farm Clwb **Direct Food Support Swansea** Funding towards the Community Pantry, feeding those struggling with **Council** 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, over 50’s and Swansea Warm Spaces. Increasing social inclusion and improving health and wellbeing **Postcode Community Trust** Funding supported the experienced staff costs and vital expenses of running the volunteer programmes **Austin Bailey** Supporting some of the core costs associated with running the farm such as animal food and care **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 activities as part of Penderi Regeneration programme **Henry Smith** Staff, overheads and running costs for the Farm to support volunteer projects **Garfield Weston** Core Funding for running costs of the farm including staff and energy to support volunteer projects **Friends of the Earth Postcode** Improving green and public spaces, supporting volunteers to learn **Gardener** gardening skills, and co-creating green spaces that benefit biodiversity, nature and local wellbeing. **Awards for All** Capital funding received to update the bathrooms and volunteer communal areas at the farm **Gwendoline and Margaret Davies** Funding for towards supporting the Child and Youth Project
**Gwendoline and Margaret Davies Charity**
Page 27
## **SWANSEA COMMUNITY FARM**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|**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
Sundry expenses
Volunteer Training
Fundraising expenses
Depreciation
**Support costs**
**Support costs**
Accountancy fees
Carried forward|2025
£
43,622
59,890
2,960
62,850
3,218
358,295
1,148
469,133
260,612
14,119
11,319
314
9,507
6,995
1,007
6,689
1,504
48,501
9,213
18,516
453
17,301
10,943
6,451
1,094
7,750
856
11,684
444,828
6,159
6,159|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|
|---|---|---|
This page does not form part of the statutory financial statements
Page 28
## **SWANSEA COMMUNITY FARM**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|**Support costs**
Brought forward
Professional and consultancy fees
Bank Charges
Recruitment Expenses
Total resources expended
**Net income**|2025
£
6,159
4,588
260
1,538
12,545
457,373
11,760|2024
£
5,274
4,839
952
776
11,841
331,138
44,947|
|---|---|---|
This page does not form part of the statutory financial statements
Page 29
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