Charity registration number 1088236 Company registration number 04263352 {England and Wales) BOSENCE FARM COMMUNITY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BOSENCE FARM COMMUNITY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees lan Colton Malcolm Jones Karon Clark Edward Chapman Paul Massey Amanda Back Sue Turk Secretary Kate Prosser Charity number 1088236 Company number 04283352 Registered offlce Bosence Farm 89 Bosence Road Townshend Hayle Cornwall TR27 6AN Audltor Sumer Audit Amelia House Crescent Road Worthing West Suss8X BN11 1RL Bankers Lloyds Bank Birmingham OSC Ariel House 2138 Coventry Road Sheldon B26 3JW Solicltors Stephens Scown LLP Osprey House Malpas Road Truro Cornwall TR11UT
BOSENCE FARM COMMUNITY LIMITED CONTENTS Page Trustees, report statement of trustees, responsibilities 10 Independent auditor's report statement of financial activities 14 Balan sheet 15 Statement of cash flows 16 Notes to the financial statements 17-32
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are directors for the purposes of company law, are pleased to present their report and financial staterllents for the year ended 31 March 2025. This report is a combined annual report containing a directors, report as required by company law. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles ofAssociation, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordancewith the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191 Objectives and activities The broad object of the charity is °To relieve povety, sickness, distress, and the provision of temporary accommodation for those in necessitous circumstances with particular regard to those who are affected by addiction to drugs and alcohol misuse.. In the furtherance of these objects the charity provides suitable accommodation, counselling, education, support and information to drug and alcohol misusers, together with their friends and relatives. The charity also promotes training and research into the dangers arising from the habitual or other uses of drugs and alcohol. In addition, the charity promotes and provides the development of new facilities pertaining io the treatment and rehabilitation of drug and alcohol misusers and prevenllon of drug and alcohol misuse. The trustees have paid due regard to guidance issued by the Charlty Commission In deciding what activities the charity should undertake. In particular the trustees Consider how planned activities will contrlbute to its aims and objectives. The charity's activities deliver public benefit as follows.. Bosence Farm is a residential substance misuse treatment service, registered with the Care Quality Commission. The charity currently offers discrete services.. Bosence Rehab and Bosence Detox. These services are supported by our horticultural and volunteer programmes. The former Young Person's service ran for just over 3 years, and was closed at the start of Covid in order to use the building to quarantine new admissions for the adult detoxlslabilisation service. The charity has now changed the layout of the interior of the building lo ensure it offers greatesl flexibility It has 5 single rooms with en-suite bathrooms, its own kitchen, and clinical suite. so can be operated as a wing of the main detoxlstabilisalion unil, as additional accommodation for either service, or Completely discretely, allowing us to use it flexibly to address the greatest need at that time. Bosence Rehab Bosence Rehab supports those who have successfully detoxed from any substance and are in recovery from alcohol andlor drug dependency. The average stay at Bosence Rehab is usually 12 weeks, although a number of people are granted additional funding as part of the review process which is nonnally at the half way point of rehab treatment. The service provides residential treatment for up to 21 individuals. This capacity is based on the flexible use of our East Wing annex, which can be used for either rehabilitation or detoxification. The Rehabilitation unit itself has 16 bedrooms, including one en-suite, more accessible room, designed for an individual with reduced mobility- The community offers those choosing to work a 12 Step programme a safe and tranquil environment to both begin and enhance personal recovery. Addilionally. Bosence Rehab integrates a trauma-informed approach, guided by the Compassion Inquiry training developed by Dr. Gabor Maté. This approach focuses on understanding and addressing the underlying trauma that often contributes to addiction, empowering individuals to achieve personal goals and live independently without resorting to alcohol or dwgs. Bosence Rehab offers a wide range of skill development, including life-skills, resettlement and afterca support. All elements are aimed at empowering individuals to achieve personal goals and live independently, without the need to resort to alcohol or drugs, by the time they leave. There is also an opportunity for those who have been through treatment to come back and volunteer where appropriate. During the 2024125 financial year, we provided 100 episodes of treatment (g2 in 2023124). Of the g6 peoplg who left the service in the period, 52 completed treatment. This represents a successful completlon rate of 54.16°/o compared to 64.100/0 in the previous year. Outcom8s of service users completing their course of treatment have reduced this year as we have seen an increase in people being referred with complexities including greater mental health issues however we are continuing to analyse this and understsnd the reasons to help us improve and attain better completion rates for service users in the coming years.
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORn (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Average occupancy for the full year remained constant at 16.16 compared with 16.18 (the average number of service users in Rehab per day) in the previous year. Demand and referral levels have remained high, although historically their predictability is dependent on many factors, including the availability of funds. Our Business Development Managef has been tendering for business around the UK and this has led to an increase in out of county and private referrals, New Stskeholders in the last year include: Halton Integrated Recovery Service, CGL Nuneaton, Cambridgeshire CGL, Wear Recovery Sunderland and Reading CGL Bosence Detox Bosènce Detox is a 16-bed Inpatient unlt. expandable to 21 beds using thè east wing annex flexibly, providing detoxificats'on, stsbilisation, and 8ssessment for drug and alcohol addiction since May 2010. The average stay is around three weeks dependlng on the substances, though som& service users may stsy up to six weeks before moving on to residential rehab or returning to the community. In 2024125, 345 episodes of treatment were delivered 1291 in 2023124,. 271 in 20221231, with 309 discharges and 280 successful completions- completion rate of 90.610 (up from 85.970/0 the previous yearl. The complexity of service users, needs on admission continue8 to increase. The young person's service, closed in March 2020, now provides en-suite rooms flexibly used to increase occupancy across Detox and Rehab. A review of admissions processes and a restructure of the referral management team have Made our admissions more proactive. This, combined with nurses qualifying as Independent Nurse Prescribers, has significantly increased ffexibility and awess. Although still evolvlng, these Improvements have already had a positive impact on capacity and financial stability. The Board of Trustees continues to keep the potential re-opening of the young person's service under review, subject to funding and need. We commissioned a review of the psychosocial programme to better addre5S the needs of indivsduals in detox and to ensure a research and evidence-based approach. The bespoke programme, introduced in May 2019, has been well received and effective in building resilience post-treatment. In 2025, a Counselling Psychologist joined the team to work with staff and service users to review and further develop the programme, ensuring it remains trauma-infomed, person-centred, and responsive to increasing complexity. Bosence Farm Community is an established and Integrated part of the wider Comwall treatment system and is now becoming increasingly well known outside th8 county. Bosence Detox continues to progress towards its goal of coming a centre of excellence and has invested in developing staff through training in Compassionate Inquiry. a trauma-informed approach widely regarded as being at the forefront of innovative drug and alcohol treatment. A member of staff who completed the full training is now coaching others on the team, supporting the integration of Compassionate Inquiry methods into day-tOThday practice. W@ continue to build on this foundation, with further training and reflective practice to embed trauma-informed care across the service. Bosence Horticultural Pro ramme The orchard garden is flourishing and year on year the yield of apples is increasing. The 2024 season Saw our first batch of Bosence apple jul produced with the help of The Kehelland Trust, who kindly pressed and bottled our apples. This is a partnership we are keen to continue and possibly expand into jam making and possibly chutneys too. The orchard garden provides opportunities to teach residents about fruit pruning, thinning and harvesting, pond life and wildfiower and butterfly identification. The 2024 growing season was a successful one wth the vegetable garden producing bountiful crops of root vegetables, including potatoes, carrots and beetroot and plentiful harvests of greens, brassicas and alliums for much of the aulumn and winter months. The polytunnels, which really are invaluable when it comes to producing both summer and winter crops, yielded good crops of tomatoes, melons, sweelcom, cucumbers and peppers in the summer. and a stesdy supply of lettuce, salad leaves and culinary herbs throughout the winter. The benefits of applying copious amounts of organic manure. green waste compost and compost produced on-site to the vegetable beds over the past five years has started to show with greater worm abundance, deeper and better topsoil and improved crop health all apparent. The increased organic matter content of the soil also helps retain water during dry weatherwhich over time should help reduce water usage.
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Habitat mana ement Woodland managemenl work was carried out over the winter, including lots of strimming, undertaken to reduce blackthorn and bramble to encourage bluebells and other woodland spring IIowers as well as to limit the spread of impenetrable thicket. The result is a more biodiverse habitat which feels brighter, healthier and more inviting, especially in the springtime when areas are carpeted with native bluebells and other native wildflowers. Owing to the management of bramble and blackthom and the reduction of low-light levels through ivy removal, no l&ss than ten wildflower species have increased in abundance considerably. There are three wildlife cameras installed across the site. The footage is periodically shared with residents and forms part of a wildlife identification and survey session. Roe deer are seen on a regular basis in the woods and meadow, where earfy purple orchids are appearing in growing numbers each year. The orchard garden and its pond support a rich flora and fauna which are used as an educational resource on a regular basis, with sessions of pond dipping, botany, butterNy and bee identification all part of the RIN programme. The beehives add another dimension to the gardens and allows for residents to leam some of the basics about beekeeping and the 2024 season saw the first harvest of Bosence honey which was gifted to staff In their Christmas hampers. in Nature Pro ramme Our Recovery in Nature programme (RIN) is consislently well received by participants. The orfglnal Core of the prograrnme run by our land manager Noah Puddifool Hall consists of ten differenl sessions. These are pond dipping, herbal tea-making, nature observation and creative writing, botany, nature-inspired drawing. nature hunt, forest bathing and mindfulness, fire, microscopy and wildlife identification and survey. Additional sessions are run by coworkers, who deliver sessions lce a week. There is also a weekly gardening session. All sessions are open to residents from both the detox and rehab. The programme provides residents with the opportunity to get outside and learn, be active and engage with the natural environmenl several times a week. Feedback tells us that the programme both enriches the experience of participants time spent at Bosence and helps keep them in treatment. Bosence Volunteer Pro ramm Our team of volunteers compliment the work of staff in various ways. Thirteen volunteers have either helped run or led sessions themselves in activities including drawing, card-making, music, pottery, creative writing, storytelling, wreath-making, mindfulness, gardening and RIN. Volunteer hours for the year 1st April 2024 to the end of March 2025 totalled 243. Several ex-resldents have given their time as peer mentors at both the detox and rehab units over thé past year. We have also recently welcomed a new volunteer gardener as part of our wider volunteer programme. Our ongoing partnership with the Cornish clothing brand Seasalt continues to thrive, with staff joining us for volunteer days throughout the year, including during the festive sea50n. This partnership adds a valued dimension to our volunteer offering, and feedback from Seasalt staff about their experience has been OVehe[mingIY positive. Care Qualit Commission coc Ratin Our services received their first rated inspection by the Care Quality Commission (CQC) in December 2018 and were rated "Good. following a positive inspection. Although we have not been re-inspected since, we continue to use the CQC'S structured assessment frarnework to guide our ongoing quality improvement work. While national delays to inspections have been reported due to changes within the CQC, we remain committed to strengthening our service and aspire to achieve an °Oulstanding' rating in the future. As part of our strategi¢ development, we are reviewing our residential rehab facilities with the aim of maximising available space, reducing wailing times, and ensuring that accommodation is accessible, comfortable and fit for purpose. Proposed changes to the Sanctuary building form part of this wider review, which will be developed with input from staff.
BOSENCE FARM COMMUNITY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnancial review The financial activities and results for the year are shown in the Statement of financial activities. Goin Concern The trustees have discussed their abllity to confirm that the charity is a going GOnM for the next 12 months. We report Ihal, in our opinion.. there continues to be strong and consistent demand for the services we provide- the free and operating reserves are sufficient to provide resilience against unforeseen financial and operational challenges., and we are not aware of any current circumstances or risks that would threaten the organisation's abilty to continue operating. Therefore, subject to no malerial unforeseen events occurring, the trustees have good reason to believe that the charity will remain a going concem for the 12 months following the approval ofthis report. Reserves olic The charity's reserves policy was initially set in January 2005 and included the creation of designated reserves, namely, the 8osence Farm ReseN8 (for residents, accommodation and wholly represented by fixed assets) On an annual basis the trustees consider and review the needs of the chanty and designate funds for specific future purchases, services or projects. The prlority is to maximise the rehab redevelopment designated réserve in line with the current strategic plan. In addition, they have also chosen to designate six months of operating costs to ensure the continuity of the charity. The trustees review the designated funds regularly throughout the year. The total funds of the charity at 31 March 2025 were £4,140,99912024'. £3,745,366). The amount of these funds that were restricted and not available for the general purposes of the charity at 31 March 2025 were £1,742,942 (2024.. £1,769,787) Of the remaining reserves held, a total of £2,052,336 (2024: £1,568,244) have been designated for various projects, as detailed in note 18. Funds th81 can only be realised by disposing of tangible fixed assets at 31 March 2025 amount to £1,731,052 of restricted funds and £565,013 of unrestricted funds. At 31 March 2025, the amount of reserves the charity held that were not restricted, designated or represented by fixed assets were £162.67712024.' £208,450). Thè aim of the charity is to maintain a free reserve figure of around £200,000 to mitigate the risk against unforeseen circumstances with any reserves in excess of this figure being transferred to the rehab redevelopment designated reserve. Princi al fundin sources The funding sources of the charity, in addition to non-recurring grant funding, are Cornwall Council through the Complex Needs Support and Drug and Alcohol Action Team, income from private and out-of-county residents. Fundraising continued through 2024-2025 and applications to extemal funding bodies, charitable trusts and foundations continued for funds to support existing core work and capital developments. The fundraising strategy will be maintained and developed through the coming yearwith a clear focus on our existing sources of support and a strong emphasis on building long-term relationships with funders and developing effective methods of communication with supporters and individual donors. Theworshipful Company of Girdlers for their ongoing support and £10,000 received in August 2024 towards the salary costs of the Clinical lead in the Detox Unit. Penryn Town Council for £3,823 in unrestricted donations received in May 2024. The National Lottery. £30.400 of the grant received in previous years was deferred and recognised as grant income in these financial statements. The Worshipful Company of Girdler5= £7,000 received in October 2023 for an all-terrain &lectric buggy was deferred and recognised as grant income in these financial statements. Comwall Community Foundation: £3,480 of the grant received in 2023 was deferred and £1.849 was recognised as grant income in these financial statements.
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The charity has received several generous bequest5 from the families of former servic8 users, for which the charity is sincerely indebted. We have also been grateful over the past 12 months for donations from individuals of a new sofa for the farmhouse, a new TV and printer and new furniture from Cornwall Voluntary Sector Forum for the Board Room. Investment olic The trustees have considered the most appropriate policy for investing funds and believe that the current arrangements, of investing in low risk deposit-based accounts, are satisfadory. The charity has deposit accounts with Santander, Saffron Building Society and a new 95-day notice deposit account with Lloyds Bank which earn monthly interest. In addition, the charity holds the following savings accounts-. A one-year fixed rate business saving account is held with Aldermore. A 95 Day Notice Business Savings Account with Cambridge & Counties. A 100 Day Notice Charity & TwstAccount with Shawbrook Bank Rlsk assess ent The major risks to which the charity is exposed are regularly reviewed by the Trustees, and systems and procedures are in place to manage those risks. Bosence maintains a comprehensive and active Business Risk Register, which is regulady updated. New or evolving risks are added with appropriate mitigation plans, and significant updales are routinely r8port8d at Board meetings to ensure strong oversight. Two years ago, we strengthened our governance by establishing five Board sub-committees, each comprising Trustees and members of the Senior Management Team. These sub-committees focus on key operational and strategic areas, enabling more detailed oversight of risk and improved delivery of our Strstegic Plan. Each subcommittee is linked to specific strategic inits'atives, with progress tracked through a coordinated Operational Plan to ensure alignment across the organisalion. Looking ahead, we plan lo expand staff participalion in sub-committees to ensure a wider range of voices inform how the charity develops. A principal ongoing risk is the potential for reductions in funding from Cornwall and Plymouth local authoritlès, which have historically been our main commissioners. This is managed through regular engagement beeen senior management, Trustees, and commissioners to malntaln open dialogue and plan ahead. At the sametime, we continue to diversify our funding base.. the proportion of bed days filled by individuals from outside Cornwall has risen from 1 ,704 of 8,702 {19.580/0) in 2019120 to 6,325 of 10,922 (58.66 % ), with referrals from 65 local authorities over the last five years. To support this growth, our Business Development Manager works to broaden both statulory and private referral pathways. His work has resulted in new contracts and continued diversrfication of our income. In line wth the current 10-year national drug strategy, now in its third year, we are also positioning Bosence to contribute to the national Sim of increasing residential treatrnent placements from less than 20/0 to 50/0 of the treatment popul8tion over the next five years. Finally, to support long-term sustainability, we have a part-time Fundraiser to generale unrestrtcted income and attract capital funding for development. We lake a cautious approach to budgeting.. only secured funding is included in the annual plan, and grant income is never assumed. Trustees and the various sub-committees closely monitor the charity's legal responsibilities to ensure they are met while protecting its charitable assets and safeguarding vulnerable beneficiaries. The Board meets regularfy in person to support the preparation and implementation of dynamic plans addressing future risks and opportunities. The operational team has proven highly adaptable and creative, operating safely and effectively while anticipating and responding to the changing landscape. Trustees scrutinise regular management accounts with revised forecasts and closely monitor changing risks to meet the charity's challenges and support staff wellbeing.
BOSENCE FARM COMMUNITY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Health & Safe Health and safety continues to be a standing agenda item at all Board meetings and is a key ar8a of ongoing attention. The organisab'on remains certified under ISO 45001, having successfully migrated from the original OHSAS 18001'.2007 standard in 2019. We maintain this accreditation through regular internal audits and annual external reviews,. our most recent extemal review took place in August 2024, with no non-conformances identified. Sue Turk remainsthe Board's Health & Safety Champion. Operational responsibility continues to be led by Registered Manager Samantha Collins, who is the designated Health & Safety Officer. Overall accountability rests with CEO Kate Prosser. While Kate no longer holds a current Level 3 Health & Safety in the Workplace qualification, both Samantha Collins and Central Services Manager Jackie Rushbrooke do. We are also planning for Sarah Glennie, a member of the Central Services Health & Safety Committee who leads on implementing most committee actions, to complete the same qualification within the next quarter. The Health & Safety committeha1red and run by staff was restructured in 2020 and continues to play a vital role in maintaining high safety standards across the organisation. Samantha Collins currently chairs the committee. We continue to engage the services of Peninsula, who provide quarterly site assessments, a dedicated advice h8lpline, and access to Business Safe Online. whlch supports our internal systems with up-to-date guidance and resour¢es. Our ongoing commitment to health and safety is integral to ourwider strategic aims. As outlined in our Strategic Plan, the safety. wellbeing, and individual needs of our residents are at the centre of our work. Ensuring that our services are safe, compliant, and responsive is a key part of delivering on our mission to provide high quality, trauma-infomied care. Marketin and Strate ic Plan We continue to implement our comprehensive marketing and business development strategy, aligned with the objectives of our six-year Strategic Plan. This strategy includes detailed market analysis, dearly defined target audiences, measurable KPIS, and an actionable plan for generating income from a range of sources, induding local authority commissioning, corporate referrals, insurance providers, and private clients. The private market, in particular. presents a growing opportunity for sustainable income diversification. Work is underway to refresh all marketing materials, including updated brochures and timetsbles that reflect our evolving trauma-informed practice, Recovery in Nature programme, and wellness offer. These materials are belng designed to better communicate the breadth and depth of our therapeutic and clinical services, both to profession81 referrers and directly to potential service users and their families. Our marketing approach is intentionally segmented, with targeted messaging developed for different audiences including Integrated Care Boards {ICBs), public sector commissioners, Employee Assistance Programmes (EAPs}, private individuals, and referring professionals in healthcare and social care. Some marketing initiatives were temporarily paused during and immediately after the pandemic due to limited capacity and sustained waiting lists. However, as occupancy levels have stabilised, we have resumed strategic roll-out, including strengthening digital marketing, expanding our online pre*nce, and engaging new stakeholders through outreach and sector events. Our Business Development Manager is working closely with the CEO and Trustees to ensure that this strategy remains responsive to market shifts, commissioning trends, and the national policy landscape, including the govemment's 10-year drug strategy °From Harm to Hope.. Our strategic aims directly support this national agenda, with a focus on delivering wodd-class treatment, rebuilding the professional workfor, and improving the integration of services. The charity's strategy is fundamentally centred on its residents, recognising each as an individual with unique experiences, aspirations, and needs. Our mission is to understand these needs and provide safe. high-quality, and accessible services that empower residents to achieve their full potential. Our Strategic Plan focuses on six broad aims-. Be a well-managed organisation". We prioritise staff care and first-class training, ensuring we are attr8¢tive to commissioners through strong operational and financial performance. Our focus includes good governance, excellent financial management, maintaining ISO and Health and Safety accredrtations. and meeting Care Quality Commission (CQC) standards.
BOSENCE FARM COMMUNITY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 2. Protect and future-proof our activltles: By strengthening our management structure, attracting new board members with specific skills, and conducting a skills analysis, we aim to ensure sustsinable growth and adaptability in the post-covid landscape. 3. Achleve an 'Outstanding' CQC rating.. Building upon our'Good' dassification. we aim to consolidate and improve, targeting an 'Outstanding' rating in our next inspection. 4. Enhance resident experlence and outcomes: Through continuous Improvement and feedback loops. we proactively seek to understand and meet resident needs, ensuring programme effectiveness and resident wellbeing. 5. Develop existing servlc8s: We focus on supporting residents with complex needs, such as dual diagnoses of substance abuse and mentsl health issues, and continuously refine our detox seNice and psycho-social programmes based on outcomes and user feedback. 6. Engage In proactlve buslness development and diversificatlon: We employ a Business Development Manager and part-time fundraiser to grow our funding sources, ensuring financial stability and growth. An opening statement in our Strategic Plan asserts.. "This can only happen if we provide world-class treatment options, delivered by the best staff in a gréat setting, continuously improve and evolve ouroffering, and continue to extend deliveryto service users UK-wide whilst meeting all our compliance obligations.. The govemment has released a 10-year drug strategy litied From Harm to Hope" which oullines priorities relevant to residential treatment and recovery, including.. Delivenng world-class treatment and recovery services Rebuilding the professional workforce Ensuring better integration of services to address individuals, physical and mental health needs, Ihereby reducing harm and supporting recovery Our strategic aims align with this national strategy, demonstrating our commitment to contributing to its objectives. We are dedicated to providing world-class treatment options delivered by exceptional staff in an optimal setting. Through continuous improvement and evolution of our services, we aim to extend our reach to senfice users across the UK while fulfilling all compliance obligations. Structure, governance and management Bosence Farm Community was incorporated as a company limited by guarantee on 2 August 2001 (Company No. 04263352) and was entered onto the Central Register of Charities by the Charity Commission on 28 August 2001 (Charity No. 1088236). The charity is governed by itsArticles of Association. Following a recent review of its governing documents, the Articles and Memorandum of Association were revised and consolidated into a single, updated goveming document. This revised document has been approved by the Charity Commission and will be presented to the full Board for formal adoption at theAnnual General Meeting in July 2025. The Board of Trustees is responsible for the overall govemance and strategic direction of the charity. It meets quarterly, with additional meetings held when necessary. Day-to-day operations are delegated to the Chief Executive Officer, Kate Prosser, who was appointed by the Board and operates within an agreed scheme of delegation. The CEO is supported by the Registered Manager, Samantha Collins, and a wder senior leadership team. To strengthen oversight and ensure alignment with the charity's Strategic Plan, the Board has established five sub- committees These re)lect the key themalic aims of the six-year plan and cover: Finance People Environment Clinical and IT Governance Business Development & Partnerships
BOSENCE FARM COMMUNITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Each sub-committee meets at least quarterly (or more often if required) and comprises trustees and relevant staff members. Al sub-committees are chaired by trustees. who report directly to the full Board. While they do not have delegated authority to make decisions, they play a vital role in providing scrutiny, oversight, and specialist advice. Proposals and recommendations developed by the sukFcommittees are submitted to the full Board for formal decision- making. At the Annual General Meeting, the Board delegates limited authority to the Chair and Vic&Chair-acting in consultation with the Company Secretary and Treasurer-to manage urgent matters beeen Board meetings. For urgent financial matters, the Chair of the Finance Sub-committee is also consulted. The entering into of contracts remains strictly reserved to the full Board. Management accounts and operational reports are prepared monthly by the senior leadership team. These reports inform the work of the sub-committees and support strategic oversight by the Board. Trustees continue to monitor implementation of the Strategic Plan closely, reviewing progress against the charity's six strategic aims and working in partnership with the leadership team to identify challenges, drive improvement, and extend Bosence's reach and impact. The trustees, who are also the directors for the purpose of company law. and who served during the year and up to the dale of signature of the financial statements were.. Name lan Colton Malcolm Jones Karon Clark Edward Chapman Susan Turk Amanda Back Paul Massey Mary Vyvyan Francesca Haydon Role (If applicable) Chair Vice Chair Vice Chair Treasurer H&S Champion Date Appointsd 24 April 2023 29 May 2013 16 January 2020 24 April 2023 24 April 2023 23 July 2024 25 April 2025 6 August 2013 24 April 2023 Dats Raslgned {If appllcable) 23 July 2024 23 July 2024 None of the trustees has any beneficlal interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. ointment of trustees Trustees are appointed in line with our policy 'HR 38 Trustee Recruitment Policy and Procedure,. When potential trustees are identified they are invited to the Fami to meet with the Director and leam more about the services provided. If they are interested they complete a Personal Information Form and the contents of that form are discussed at an ordinary meeting of trustees. If the Board agrees then the Company Secretary invites that person to become a trustee. The Company Secretary supplies a copy of the Job Description for Trustees. Ihe Board's Prospectus, the Board's Mission and Values statement, the Charity Commission booklet entitled 'The Essential Trustees, and Companies House booklet entitl8d'Directors and Secretaries Guide,. Atthat same meeting the Board agrees the year for retirement should that person accept office because trustees retire by thirds. If the interested person decides to take office then helshe is invited to altend the next Board meeting. Induction and trainin of trustees A new trustee will be offered a full induction into the work of the charity and of the board. When the new trustee has attended two board meetings they will be invited to review their training and development needs. A plan will be agreed as necessary to ensure the appropriate training and development takes pla. A growing, online resource library, including access to previous minutes and various explanatory documents, is available to trustees, and a full review of the induction programme for new trustees is currently underway,. this will mirror that for new employees Arran ement for settin mana ement ersonnel remuneration The truslees have regard for pay comparability for all staff and this comes very much into focus when recruiting new staff members. with information taken from recruitment website and other channels_ Pa ment of creditors The company's current policy Concerning the payment of trade creditors is to follow the CBI'S Prompt Payers Code (Copies are available from the CBI, Centre Point, 103 New Oxford Street, London WCIA 1 DU).
BOSENCE FARM COMMUNITY LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The company's current policy concerning the payment of trade creditors is to: settle the terms of payment with suppliers when agreeing the terms of each transaction; ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and pay in accordance with th8 company's contractual and other legal obligations. Trade creditors of the company at the year-end were equivalent to 21 d8ys' purchases, based on the average daily amount invoiced by suppliers during the year. Audltor In accordance wtth the company's articles, a resolution proposing that Sumer Audit be reappointed as auditor of the company will be put at a General Meeting. Disclosure of Information to audltor Each of the truste8s has Confirméd that there is no Information of which they are aware which is relevant to tha audit, but of which the auditor 1$ unaware. They have further confirmed that they have taken appropriate steps to identify such relevant infomiatlon and to establish that the auditor is aware of such information. The trustees, report was approved by the Board of Trustees. lan Colt Edward Chapman Trustee Trustee 251h July 2025
BOSENCE FARM COMMUNITY LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are 81so the directors of Bosence Fami Community Limited for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which glve a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistenlly. observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent; - stste whether applicable UK Accounting Standards have been followed, subject to any material dep8rtures disclosed and explalned in the financial statements- and prepare the financial statements on the going concern basls unless it is inappropriate to presume that the charity will continue in operation. The trustee8 are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply wlth the Companies Act 2008. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. 10-
BOSENCE FARM COMMUNITY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BOSENCE FARM COMMUNITY LIMITED Oplnlon We have audited the financial statements of B05en¢e Farm Community Limited {the 'charity') for th& year ended 31 March 2025 which comprise the ststement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Standard 102 The Financial Reporting StandaKI applicable in the UK and Republic of Iland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charilable company's affairs as at 31 March 2025 and of its incoming resources and application of reSoUes, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance wlth the requiremenls of the Companies Act 2006. Basis for oplnlon We conducted our audit In accordance with Intematlonal Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for Ihe audit of the rinancial statements section of our report. We are independent of the charity in accordance with the elhical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of 8ccounting in the preparation of the financial statements is appropriale. Based on the work we have performed, we have not identified any material uncertalnties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to conts'nue as a going concern for a period of at least te1ve months from when the financial statements ar8 authorised for issue. Our responsibilities and the responsibilities of the trustees wth respect to going concem are described in the relevant sections of this report. Other Infonnation The other information comprises the Infomiation Included in the annual report other than th8 financial statements and our auditols report *hereon. The trustees are responsible forthe other information contained within the annual report. Our opinion on the financial statements doe5 not cover th8 Other information and, expt to the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our responsibility IS to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit." the information given in the trustees, report for the financial year for which the financial statements are prepared. which includes the directors. report prepared lor the purposes of company law, is consistent wth the financial statements., and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. 11
BOSENCE FARM COMMUNITY LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BOSENCE FARM COMMUNITY LIMITED Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the charity and its environment obtsined in Ihe course of the audi( we have not identified material misstatements in the directors, report included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the fjnancial statements are not in agreement with the accounting records and retums,. or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the trustees were not entilled to prepare the financial ststements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responslbllltles of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair view. and for such internal control as the trustèes determine is necessary to enable the preparation of financlal statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Charity's abilEty to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Auditor's responsibllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that Includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS {UK} will always detect a material misststement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non- compliance with laws and regulations, our procedures included the following.. Obtainin9 an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a direct effect on the financial statements and operations- Obtaining an understanding of the charity's policies and procedures on fraud fisks, including knowledge of any actual, suspected or alleged fraud, and Discussing among the engagement team how and where fraud might occur in the financial statements and any potential indicators of fraud through our knowledge and understanding of the company and our sector- specific éxperience. As a result of these procedures, we considered the opportunities and incentives that may exist within the charity for fraud We are also required to perform specific procedures to respond to the risk of management override. As a result of performing the above, we identified the following areas as those most likely to have an impact on the financial statements.. health & safely, employment law, compliance with the UK Companies Act and Charities Act_ 12-
BOSENCE FARM COMMUNITY LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BOSENCE FARM COMMUNITY LIMITED In addition to the above, our procedures to respond to risks identified inGluded the following.. Making enquiries of management about any known or suspected instances of non-compliance with laws and regulations and fraud, Reviewing minutes of meetings of the board and senior management.. Reading correspondence with regulators. ChalSenging assumptions and judgements made by management in their slgnificant accounting estimates-. and Auditing the risk of management override of controls, including through testing journal entrfes and other adjustments for appropriateness. Due to the inherent limitations of an audlt, there is an unavoidable risk that some material misststements in the financial statements may not be detected, even though the audit is properly plann8d and performed in accordance with the ISAS {UKI. For instance, the further removed non-compliance is from the events and transactions reflected in the financial statements, the less likely the auditor is to become aware of it or to recognise the non-compliance. A further description of our responsibilities is available on the Financial Reporting Council's website at: httPS'.11 www.frc.org.ukJauditorsresponsibilities. This description forms part of our auditols report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companlès Act 2006. Our audit work has been undertaken so that we might State to the charitable company's members those matters we are required to stale to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as s body, for our audit work. for this report, or for the opinions we have fomied. Q¢yI%. Krlstina Perry FCCA (Senlor Statutory Audltor) for and on behalf of Sumor Audlt Chartered Accountants statutory Audltor Worthlng SumerAudlt is a tradlng name of Sumer Auditco Llmited 13-
BOSENCE FARM COMMUNITY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restricted funds funds 2025 2025 Total Unrestricted Restrlcted funds funds 2024 2024 otal 2025 2024 Notes Income from: Donations and legacies Charitable activities nvestments 7,825 2,453,197 27,330 50,021 57,846 2.453,197 27,330 6.544 2,084,062 7,895 70,032 78,576 2,084,062 7,,895 Total Income 2,488,352 50,021 2,538,373 2,098,051 70,032 2,168,533 endlture on: Charitable activities 2.085,874 76,866 2,142,740 1,885.550 102,637 1,988,187 Total expenditure 2.065,874 76,866 2,142,740 1,885,550 102.637 1,988,187 Net Incomlng resources 422,478 {26,845) 395,633 212,951 (32,605) 180,346 Net movement in funds 422,478 (26,845> 395,633 212,951 (32,605) 180.,346 Fund balances at 1 April 2024 1,975,579 1,769,787 3,745,366 1,762,628 1,802,392 3,565,020 Fund balances at 31 March 2025 2,398,057 1,742,942 4,140,999 1,975.579 1,769,787 3,745,366 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The ststement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2008. 14-
BOSENCE FARM COMMUNITY LIMITED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 12 2,296,065 2,345,345 Current assets Debtors Cash at bank and in hand 13 288.137 1,690,812 213,581 1,396,617 1,978.948 1,610,178 Creditors: amounts falllng due withln one year 14 (134,015) (210,157) Net current assets 1,844,934 1,400,021 Total assets less current Ilabilitles 4,140,999 3.745,366 Income funds Restricted funds Unreslricted funds Designated funds General unrestricted funds 17 1,742,942 1,769,787 18 2,052,336 345,721 1,568,244 407,335 2,398,057 1,975,579 4,140,999 3,745,366 The financial statements were approved by the Trustees on 25th July 2025 lan Colton Trustee Edward Chapman Twstee Company registratlon numb8r 04263352 15-
BOSENCE FARM COMMUNITY LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 202S 2024 Notes Cash flows from operating activltles Cash generated from operations 24 286,784 409,990 Investlng actlvlties Purchase of tangible fixed assets Inv8Stment income received (19,919) 27.330 {115,539) 7.895 Net cash used In Investing actlvltles 7,411 (107,844) Net cash used in financlng activitles Net Increasel{decreasel In cash and cash equlvalents 294,195 302,347 Cash and cash equivalents at beginning of year 1,396.617 1,094,270 Cash and cash equlvalents at end of year 1,690.812 1,396,617 16
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcies Charlty informatlon Bosence Farm Community Limited (Limited by Guarantee) is a private company limited by guarantee incorporated in England and Wales. Thé registered office is Bosence Farm. 69 Bosence Road, Townshend, HAYLE, Cornwall, TR27 6AN. 1.1 Accounting conventio The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. The financial statements have been prepared under the historical cost convention, modifled to indude certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements. the trustees have a reasonable expectstion that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees have considered relevant infonnation, including the charity's principal risks and uncertainties, the annual budget, year financial forecast and the impact of subsequent events in rnaking their assessment. Based on these assessments and having regard to the resources av8ilable to the entity, the trustees have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial slatemenls. 1.3 Charitable funds Unrestricted funds are available for use at the dlscretion ol the trustees in furtherance of their charllable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial statements. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to it after any perfomance conditions have been met. the amounts can be measured reliably. and it is probable that income will be received Cash donations are recognised on receipt Other donatsons are recognised once the charity has been notified of the donation, unless performance conditions require deferral ofthe amount. Income tax recoverable In relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Investment income is recognised on a receivable basis. Legacies are recognised on receipt or otherwise if the charity has been notified of an impénding distribution, the amount is known, and receipt is expected If the amount is not known, the legacy is treated as a contingent asset. In accordance wth the Charities SORP (FRS 102), the time provided by general volunteers is not recognlsed. More information about volunteers, contributions is included in the trustees, report. Grants, including government grants, are recognised when the Gharity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance ¢ondib"ons are attached to the grant and are yet to be met, the incorne is recognised as a liability and included on the balance sheet as deferred income to be released. 17-
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such income is only deferred when.. The donor specifjes that the grant or donation must only be used in future accounting periods., or The donor imposed conditions which must be met before the charity has uncondilional entitlement. 1.5 Expenditure All expenditure Is recognised once there Is a legal or constructive obllgation to that expenditure, it is probable settlement is required and the amount C8n be measured reliably. All costs are allocated to the applicable expenditure headlng that aggregate similar costs to that category. Where costs cannot b8 directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central Stafl costs allocated on the basis of time spent, and depreciation charges allocated on th8 portion of the asset's use. Other support costs are allocated based on the spread of staff costs. All resources expended are inclusive of irrecovèrable VAT. Costs of generating funds are the costs associated with attracting voluntary incomé. Charitsble expenditure comprises those costs incurred by the charity in the delivery of its activities and seNices for its beneficiarie5. It includes both costs that can be aiiocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include the costs attributsbl8 to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and truslee's meetings and reimbursed expenses. 1.6 Tanglble fixed assets Tangible fixed assets costing £1,000 or more are initlally measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and fittings Computers Motor vehicles 2Q/y per annum on cost 20 /0 per annum on cost 33.330/0 per annum on cost 20¢/0 per annum on cost Freehold land is not depreciated. The gain or loss arising on the disposal of an asset is detemined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of flxed assets At each reporting ènd date, the charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalenls include cash in hand, deposits held at call with banks, other short-tem liquid investments with original maturits'es of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 18
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Contlnued) 1.9 Flnancial Instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented In the financial ststaments, when there is a legally enforceable right to set off th8 r8cognised amounts and there is an Intentlon to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured 8t transaction price including transaction costs and are subsequenlly carried at amortised cost uslng the effective interest method unless the arrangement constitutes a financing transaction, where the transactlon is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic flnanclal Ilabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangemenl constitutes a financing transaction. where the debt instrumenl is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are nol amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if p8yment is due within one year or less. If not, they are presented as non.curfent liabilities Trade creditors are recognised initially al transaction price and subsequently measured al amortised cost usirrfJ the effective interest method. Derecognition of flnanclal liabilities Financial liabilibes are derecognised when the charity's contradual obligations expire or are discharged or cancelled. 1.10 Taxatlon The company is a registered charity and is therefore generally exemptfrom income tax and capital gains tax on its charitable activities. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.12 Retirement benefits Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.13 Leases Rentals payable under operating leases. including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease. 19-
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critlcal accountlng estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donatlons and legacies Unrestricted Restricted fundg funds 2025 2026 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts Legacies receivable Govemment and other grants 7,825 7.825 6,544 6,544 50,021 50,021 70,032 70,032 7,825 50,021 57,846 6,544 70,032 76,576 Grants recelvablè for core activltles Government grants Grants from other agencies 50,021 50,021 70,032 70,032 50,021 50,021 70,032 70,032 Charitable activlties 2025 2024 Miscellaneous income Detox Centre fees Rehab Centre Service fees (including client contributions) 4,924 1,611,046 837,227 5,418 1,311,037 767,607 2.453,197 2,084,062 -20-
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Investments Unrestrlcted funds UnstrICted funds 2025 2024 Interest receivable 27,330 7,895 Charltable actlvltles Unrestrlcted Restrlcted funds funds 2025 2025 Total Unrestrlcted Restricted 2025 funds funds 2024 2024 Total 2024 Staff costs Depreciation and impairment Consumables other direct costs Establishment costs Repairs and maintenance Office expenses Motor, travel & subsistence expenses Printing, posting and stationery Advertising and promotion Legal and professional 1,165,860 40,040 1,205,900 1,079,oe4 40,917 1,119,981 35,658 97,426 55,028 124,715 33,541 89,199 97,428 58,313 124,715 35,289 99,017 48,424 129,824 32,191 11,778 17,151 600 67,480 110,795 65,575 130,424 3,285 82,351 38,220 82,351 38,220 58,372 28,305 58.372 26.305 28,815 28,815 25,499 25.499 10,481 10,481 11,127 11,127 1,425 1,250 1,425 1,250 1,328 1,328 840 840 1,641,229 76,866 1,718,095 1,515,089 102,637 1,617,726 Share of support costs (see note 8) Share of governance costs (see note 8) 398,824 398,824 343,708 343,708 25,821 25,821 26,753 26,753 2.065,874 76,866 2.142,740 1,885,550 102,637 1,988,187 21
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BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 AudStorfs remuneration Fees payable to the charlty's auditor: 2025 2024 Audit of the charity's annual accounts 9,240 10,000 Trustees None of the trustees (or any persons connected with them) received any mUneratIon or benefits from the charity during the year. There were no reimbursements of expenses in the current or comparative period. 10 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Charitable activities Central services Governance 42 40 Total 51 49 Employment costs 2025 2024 Wages and salarles Social security costs Olher pension costs 1,361,629 117,326 27,905 1,275,622 111,050 27,229 1,506,860 1,413,901 The number of employees whose annual remuneration was more than £60,000 is as follows.. 2024 Number 2023 Number 60,000- 70,000 11 Taxatlon The charity is exempt from 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_ -23-
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tanglble fixed assets Freehold land Flxtures and and buildings flttings omputers Motor vehlcle$ Total Cost At 1 April 2024 Additions Disposals 2,824,603 295,360 19,919 36,516 61,663 3,218,142 19,919 At 31 March 2025 2,824,603 315,279 36,516 81,683 3,238,061 Depreclation and Impalmient At 1 April 2024 Depreciation charged in the year Eliminated in respect of disposals 567,505 41.497 238,023 17,577 36,516 30,753 10,125 872,797 69,199 At 31 March 2025 609,002 255,600 38,516 40,878 941,996 Carrylng amount At 31 March 2025 2,215.601 59,679 20,785 2,296,065 At 31 March 2024 2,257,098 57,337 30,910 2,345,345 The gross book value of freehold land and buildings includes £2,074,603 {2024.' £2,074,603) of depreciable assets. In the opinion of the truslees the market value of the land is in excess of its carrying value. 13 Dobtors 2025 2024 Amounts falling due within one year: Trade debtors Prepayment5 and accru&d income 288,137 213,553 288,137 213,561 14 Credltors: amounts falllng due wlthin one year 2025 2024 Other taxalion and social security Trade creditors Deferred income Other creditors Accruals 36,908 12,662 2,352 53.502 28,591 31,999 28.898 55,616 60,025 33.619 134,015 210,157 -24-
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Deferred Income 202S 2024 Arising from feeslgrants received in advance 2,352 55,618 During the year, £55,616 (2024.. £65,665) was released to income from previous periods and £2,352 (2024: £55,616) of incoming resources was deferred. 16 Retirement beneflt schemes Deflned contrlbution schemos The charity operates a defined contribution pension scheme for all qualifying employees. The assets of th& scheme are held separately from those of the charity in an independently administered fund. The charge to profit or loss in respect of defined contribution schemes was £27,905 {2024.' £27,229). Pension liabilities are allocated to unrestricted and restricted funds on the same basis as other employe&related costs unless the terms of a restriction prohibit the allocation of such costs to a restricted fund. 25-
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BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Analysis of net assets between funds Unrestrlcted Restrlcted funds funds 2025 2025 Total Unrestrieted Restrlcted funds funds 2024 2024 Total 2025 2024 Fund balances at 31 March 2025 are represented by= Tangible assets Current assetsl{liabilities) 565,013 1,833,044 1,731,052 11,890 2,296,065 1,844,934 588,087 1,387,492 1,757,258 2,345,345 12,529 1,400,021 2,398,057 1,742,942 4,140,999 1,975,579 1,769,787 3,745,366 20 Fr•e reserves reconclllatlon The free reserves (unrestricted funds that are not designated or répresented by fixed assets) belonging to the charity as at 31 March 2025 are calculated as follows: Unrestricted funds Less.. Tangible assets (as per note 191 Less.. Designated funds not represented by fixed assels 2,398,057 1565,013) (1,670,367) Free reseNes 162,677 21 Financlal commitments, guarantees and contlngent liabilities The property at Bosence has a fixed charge relating to monies advanTrd by the Secretary of State for Health for its purchase. Should the charity cease to exist for the purpose for which it was set up then an amount equal to that portion of the open market value of the propety as at the date of valuation as is attributable to the expenditure of the original grant, or £100.000 whichever is the greater sum. will be repayabl8. NHS England have a legal charge over the property at Bosence for the repayment sum and an option to purchase land at Bosence. The option is exercisable within a period of 21 years from 31 March 2009 less one day. If any terms of the agreement beeen the charity and NHS England relating to the detoxification faGility at BosenTr Farm are breached NHS England can exercise the option agreement and require payment of the repayment sum. Should the charity sell Bosence then written agreement from NHS England is required and NHS England would require to be paid the repayment sum. The repayment sum being that part of the open market value of the land as at the date of valuation as is attributsble to the expenditure of the original capital grant after deduction of any part of the capital grant rèpaid or the value of the capital grant £1,694,000, whichever is the greater sum. 31
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Operatlng lease commltments At the reporting end dat8 the charity had outstsnding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows- 2025 2024 Wrthin one year Betwean and five years 11,073 21,292 11,073 32,071 32,365 43,144 23 Related party transactlons Remuneratlon ol key management personnal The remuneration of key management personnel is as follows. 2025 2024 Aggregate compensation 141,652 134,018 There was one transaction during the year between the charity and an entity in which a trustee has a significant interest. The transaction was for services provided to the Charity in relation to the values work undertaken during the year and this amounted to £1,525. There were no disclosable related party transactions during the previous vear. 24 Cash generated from operatlons 2025 2024 Surplu5 for the year 395,633 180,346 Adjustments for.. Investment income recognised in statement of financial activities Loss on disposal of tangible fixed assets Depreciation and impairment of langible fixed assets {27,330) (7,895) 69,199 67,480 Movements in working capital: (Increase) in debtors Increasel(decrease) in creditors (Decrease)lincrease in deferred income (74,576) 32,717 (108.859) 108,250 16,264 45,546 Cash generated from operatlons 286,784 409.991 25 Analysis of changes In net Idebt)Ifunds The charity had no debl during the year. 32-
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Analysis of net assets between funds Unrestricted Restricted funds funds 2025 2025 Total Unrestrlcted Restricted funds funds 2024 2024 Total 2025 2024 Fund balances at 31 March 2025 are represented by.. Tangible assets Current assetsllliabilitiesl 565,013 1,833,044 1,731,052 11,890 2,296,065 1,844,934 588,087 1,387,492 1,757,258 12,529 2,345,345 1,400,021 2,398,057 1,742,942 4,140,999 1,975,579 1,769,787 3,745,366 20 Free resenies reconclllatlon The free reseNes (unrestricted funds that are not designated or represented by fixed assets) belonging to the charity as at 31 March 2025 are calculated as follows.. Unrestricted funds Less.. Tangible assets las per nole 191 Less.. Designated funds not represented by fixed assets 2,398,057 {565,013) 11,670,367> Free reserves 162,677 21 Financial commitments, guarantees and contlngent Ilabllltles The property al Bosence has a fixed charge relating lo monies advanced by Ihe Secretary of State for Health for its purchase. Should the charity cease to exist for the purpose for which it was set up then an amount equal lo that portion of the open market value of the propety as at the date of valuation as is attributable to the expenditure of the original grant, or £100,000 whichever is the greater sum, will be repayable. NHS England have a legal charge over the property at Bosence for the repayment sum and an option to purchase land at Bosence. The option is exercisable within a period of 21 years from 31 March 2009 less one day. If any terms of the agreement between the charity and NHS England relating to the detoxification facility at Bosence Farm are breached NHS England can exercise the option agreement and require payment of the repayment sum. Should the charity sell Bosence then written agreement from NHS England is required and NHS England would require to be paid the repayment sum. The repayment sum being that part of the open market value of Ihe land as at the date of valuation as is attributable to the expenditure of the original capital grant after deduction of any part of the capital grant repaid or the value of the capital granl £1,694,000, whichever is the greater sum. 30-
BOSENCE FARM COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Operating lease commitments At the reporting end date the charity had outstanding commilments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2025 2024 Within one year Between two and five years 11,073 21,292 11,073 32,071 32,365 43,144 23 Related party transactlons Remuneration of kay management personnel The remuneration of key management personnel is as follows. 2025 2024 Aggregate compensation 141,652 134,018 There was one transaction during the year between Ihe charity and an entity in which a truslee has a significant interest. The transaction was for services provided to the charity in relation to the values work undertaken during the year and this amounled to £1,525. There were no disclosable related party transactions during the previous vear. 24 Cash generated from 0rationS 2025 2024 Surplus for the year 395,633 180,346 Adjustments for.. Investmenl income recognised in statement of financial activities Loss on disposal of tangible fixed assets Depreciation and impairment of tangible fixed assets (27,330) (7,895) 69,199 67,480 Movements in working capital: Ilncreasel in debtors Increaselldecrease) in creditors IDecrease}lincrease in deferred income (74,5761 32,717 (108,859) 108,250 16,264 45,546 Cash generated from operations 286,784 409,991 25 Analysis of changes in net (debt)Ifunds The charity had no debt during the year. 31