REGISTERED COMPANY NUMBER.. 05087099 ffngland and Wales) REGISTERED CHARITY IYUMBER: 1103549 REPORT OF THE TRUSTEES AIYD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR FARM LIMITED BIBBY
BIBBYS FARM LIMITED CON OF THE FINANCIAL STATE rEn d31D 24 Ely Page Report of the Twstees Ito3 Independ¢nt Examiner's Report Statement of Financial Activilies Balance Sheet 6t07 Nores to the Financial Statements 8t013 Detailed Siat¢ment of Financial ALtivities 141015
BIBBYS FARM LIMITED REPORT OF THE TRUSTEES for the Year Ended 31 December 2024 Tb¢ trustces who are a180 directors of th¢ charity for the purpos¢s of the Companies Act 2006, present their report with th¢ fmancial stst¢ments of the charity for the year ended 31 December 2024. The truslees have adopted the pmvisions of AOuntIng and R¢porting by Chariti¢s.' Ststement of Recomm¢nded Practice applicable to charities preparing their accounts in accordanc¢ with the Financial Reportin8 Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 28 March 2018). OBJECTtVES AND ACTIVITIES Objeetlves and aln)s The company was established to promote the d¢v¢lopm¢nt of young people in achieving their physicAI, intellectual, social and spiritual potential as individuals, as r¢sponsible citizens and as members of their local. national and intcmalional communities in particular but not exclusively by the establishment maintenancc and management of a Scout Camp for the Bolton Scout TrusL Pursuant to the tern]s of its lease from Bolton Scout Trust the company has expended the Io&DS and grants made to it by thc Trust in laying oul and completing the conversion of Bibbys Farni, Heath Charnock as a Scout Campsite, including the Farni House and WArdcns accommodation. It continucs to operatc thc c&mpsitL and administ¢r the site. ACHIEVEMENT AND PERFORMANCE It has been yet another busy year despite Entrust not using our facilities durAng ihc summ¢r, This has allowed us to a¢¢omrnodate other visitors instead. Our initial fears that this would have an adverse impa¢t upon finances appeS to havc been misplaced. The dange done to some of the field8 over the previous years has had ihe opportunity to recovcr. Everyone has worked iirelessly io empty the Activity Barn prior to demolition. It is astonishing what junk we found, som¢ of which had probably not seen the light of day since it arrived from Hulion Park. Evenrually, cverythin8 salvageable was Stripped out and the barn is no mor¢. A clcar silc is r¢ady for building io commcncc once ground surveys are completc and we are able to go out to lender. We welcome, both as a Trust¢¢ of Bolton Scout Trust and Dir¢etor of Bibbys Farni Ltd, lan Jamcs who has b¢¢n involved in Scouting all hi5 life. He was around at the stllrt of the development of Bibbys Farn) and we are delighted that he is now back with us and l¢ading the ieam to r¢build tbe Activity Barn. We also welcome Tom Whittaker who joined us after Easter as Site Caretaker. Previously a visitor with his Cubs and a voluntccr Icnding a hand when he could, he is now employed Monday to Friday to keep an cyc on the building$ and site, cleaning in r¢adincss for visitors and helping to maintsin everything in good condition. Thanks are due to evcryon¢ who contributes to the life and smooth running of Bibbys Farni. From Peler and Barbara in the office, Tom on site, to Darren and all th¢ volunteer crew. Nomiatt Theaker for ehairing the Safety Cornmitt¢¢' Carol in chargc of the I'uck Shop* St¢v¢ and Lisa Clifford Tesid¢nt in th¢ farnihous¢ who l¢nd a hand when nccded and keep an eye on the site when it is cmpty. David and Beverley who keep a close eye on the accounts to ensure tbat ev¢ry p¢nny is put to good use. lan Icadin8 th¢ planning for the barn. We all look forward to another excitin8 year at Bibbys F#rn]. Pagel I
BIBBYS FARM LIMITED REPORT OF THE TRUSTEES for the Year Ended 31 December 2024 FINANCIAL REVIEW Reserves policy Whilst the company is still d¢pendcnt on Bolton Scout Trust for its financial requirements, the company is continuing to carry out camping activities, it is Ihe intention to build up reserves from income to meet th¢ running costs of th¢ sit¢, to replace worn out equipment and buildings and to fund the provision of adventure activiti¢s. STRUCTURE, COVERNANCE AND MANAGEMENT Bibbys Farni Limited was incorporated under the Companics Act 1985 on 29 March 2004. The company is a pr3vate company limited by guarantec. The liability of each member is limited to an amount not cxceeding £1. The company is also a reglstered charity. The company is adminislered by the Chairnian and Board of Trnstees listed bclow on behalf of its members. M¢etings are held wh¢n requiTed with a total of five meetings being held in the year. Trustees arc appointcd by the members of the company. REFERENCE AIYD ADMINISTRATIVE DETAILS Reglstered Company number 05087099 (EnglAnd and Wal¢$) Registered Charlty Dumber 1103549 Registered office Greymount Princess Road Losiock Bolton BL6 4DS Trustees Mr D A Bootland Mrs D M Hawkins Miss B Raine Mr CD Hough Mr J James Compvdny Secretary Mrs D M Hawkins Independent examlner Cowgills Limited Fourth Floor Unil 5B Th¢ Parklands Bolton BL6 4SD Bankers Barclays Bank plc 1- 5 Mark¢t Street Town Centre Bolton BLI IXA Pa8¢12
BIBBYS FARM LIMITED REPORT OF THE TRUSTEES for the Year Ended 31 December 2024 PUBLIC BENEFIT Under the Charities Act 2011 Bibbys Farn) Limited is r¢quired to deMOtrate tbat our aims are for the public bcnefit. In so faT as we have supported Scouting by providing camping fa¢iIilies and aanged by a broad variety of outdooT, adventurous and exciting activities which have enabled thos¢ adults in scouting to bring the 5¢0Uts. cubs. b¢avcrs and Explorers to Bibbys Farni to enjoy the facilities wilh the aim of further scouting. Our assessment is that we have met th¢ public bencfit critcria undcr both the advancement of citizenship or community devclopm¢nt headings. Principles that demonstrate that the company's aims are for the public benefit are as follows: through the Scout method young people develop towards their full potential the ¢l¢ar link b¢tw¢¢n the benefits for young peopl¢ and the purpos¢ of Scouting the safety of young people is tsken very seriously and the benefits of scouting actLVltie5 provided far outweigh th¢ risks the aim of scouting refeTS to young people and the beneficiaries, aged betwe¢D four and 25 the association does not exclude those in wverty from its benefits any private benefits from Scouting are incxdental, other than to those as a beneficiary EVENTS AFTER THE BALANCE SHEET DATE No rnatt¢rs or ¢ircumstances have arisen since the year end of the financial year which si&ynifi¢antly affect the op¢rations of the company, the results of those opcrations or thc stalc of affairs of thc company in the financial years subsequ¢nt lo the fmancial year ¢nd¢d 31 D¢¢¢mber 2024. This report has b¢en preped in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small compani¢8. Approvcd by order of the board of trustees on ............................................. and signed on ils bchalf by.. Mrs D M Hawkins - Trnslee Page13
INDEPEND BIBB NT EXAMINER'S REPORT T Ll THE TRUS I report to the ¢harity trustees on my examination of the arxounts for th¢ year ended 31 December 2024, which are set out on pages five to fifteen. ResponsibElitiÉs and basis ofreport As the Charity's trn5tees of the company (and also its directors for the purposes of company law) you aTe responsible for the preparation of the accounts in accordance with th¢ requiTcments of the Companies Act 2006 {'the Act 2006,). Having satisfied myself that the accounts of the company are not required to be audited und¢r Part 16 of the 2006 Act and arc eligible for independent ¢xamination. I rekN)rt in respect of my examination of your chaTity'S accounts as carried out under section 145 of the Charilies Acl 2011 (the '2011 Acl.). In carrying out my examination I have followed the Dircctions given by the Charity Commission und¢T section 145(5)(b) of the 2011 Act. Jndependenl &Yaminer's report The company's 0$$ income exceeds £250,000 in the year. I am qualifi¢d to undertth the examination by bcing a qualifi¢d m¢mber of the Associalion of Chartercd Certified Accountsnls. I have completed rny examination. I confirn) that no mallers hav¢ come lo my attention in connection with the examination giving me caus¢ to believe.. (l ) a¢counling records w¢re not kept in respect of ihe ¢ompany 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 with thc accounting requirements of scction 396 of tbe 2006 Act other than any requirem¢nt that the accounts give a 'lrue and fair, view which is not a matter consid¢T¢d as part of an independent examination. or (4) the accounts have not bccn prepared in accordancc with the methods and principles of the Statement of Recomm¢nd¢d practicc for accounting and reporting by charities. I have no ¢on¢erns and have ¢om¢ across no other matters in connection with the ¢xamination to which attcnlion should be drawn in this rcport in order to ¢nable a proper underslanding of thc accounts to be reached. DaDi¢l Smith FCCA Cowgills Limited Fourth Floor Unit 5B The Parklands Bolton BL6 4SD Pagel 4
STATEMEIYT OF ACTIVITIES INCLUDING INCOME & EXPENDITURE ACCOUNT or *rEn ember 2024 31.12.24 Total funds 31.12.23 Totsl funds Notcs INCOME AND ENDOWMENTS FROM Other trading activities 355 500 342,820 Total 355,500 342,820 EXPENDITURE ON Trading activities lo raise funds Charltable actlvltl Promote the development of young people 11,883 12,101 247.981 224115 Total 259,864 236,216 NET INCOME 95,636 106,604 RECONCILIATION OF FUNDS Total funds brought forward 615,619 509.015 TOTAL FliNDS CARRIED FORWARD 711,255 615.619 Unrestrlcted funds Restri¢ted fund8 505,488 205 767 418,323 197 296 CONTINUING OPERATIONS All income and expenditure has arisen from eoniinuing activities. Pagel S
LIMITED TERED NUMBER: 050 99 ANCE SHEET mber 202 31.12.24 Total funds 31.12.23 Totsl funds Notcs FIXED ASSETS Tangible assets 1217.357 1,232,332 CURRENT ASSETS Sto¢k$ Debtors Cash at bank and in hand 7.922 3.575 395 876 7,114 2,585 300,835 407,373 310,534 CREDITORS Amounts falling due within one ycar io (15,612) (29,384) NET CURRENT ASSETS 391761 281 150 TOTAL ASSETS LESS CURRENT LIABILITIES 1,609,118 ,5 13,482 CREDITORS Amounts falling due aftcr more than one year (897,863) {897,863) NET ASSETS 711255 615 619 FUNDS 12 Unrestrictcd funds R¢striclcd funds 505,488 205,767 418,323 197 296 TOTAL FUNDS 711,255 615 619 Pagel 6
Qndqd 31 Decanbor 20. The mgmbern hav¢ not wutred the ¢lb Company lo obtsin 4n audit of its financi atemcDt• fw the year erthl 31 D¢¢¢mbff 2024 in •cMrdw with S¢¢lion476 ofth¢ Art 2(M)6. (a) etimtring th&t the chttkable ¢ompw xe4)mth8 rel& th&t ¢oJw)ty with Settirnl 386 and 387 of the (b) financiil hIaten whi¢h we a trllo fAtr vkni of the Itte of ff#irJ of the cktiritable ¢ompany the end of eath fitsmeial year and of its #wilus ot ddleit for each fiti•nci•l yr iti rdll¢e with the 2006 rejatlns to fittMciAI Al¢nienty faT aj wliL¥ble to th¢ c]wilable ¢ompw. 2006 r¢l•tinR to S]1 ¢h•rlt4bl¢ ¢oknpAnlN. VKR a8n¢d OD its behfilf by: Pw17
BIBBYS FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS for tht Year Ended 31 Deeember 2024 ACCOUNTING POLICIES Basls of prepArln% the financiAl stgtements Th¢ fmancial 51atements of tbe charitable company, which is a public benefit entity under FRS 102, hav¢ been prepared in accordance wilb th¢ Cbsrities SORP (FRS 102) 'Accounting and R¢porting by Charities: Ststement of Recommend¢d Practice applicable to charities preparing th¢ir accounts in a¢cordanc¢ with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 28 March 2018),, Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republi¢ of ]reland' and th¢ Cornpanie5 Act 2006. The financial statements hav¢ been prepared under the historical c05t convention. Jn¢ome All incom¢ is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, il 18 probable that the income will be received Ènd the amount can be measurcd r¢liably. Expendlture Liabiliti¢8 arc recognised as expenditure es soon as there is a legal or constructive obligation ¢ornmitting the charity to that expenditure, it is probable that a transfer of economic benefits wilE be required in settlement and th¢ amount of the obligation can be measured reliably. Exp¢nditure is accounted for on an accruals basis and ha8 been classified under headings that aggregate all cost r¢lai¢d to the category. Where costs cannot be dir¢ctly 8ttribut¢d to particular hc&dings they have been allated to activities on a basis consistenl with the u$¢ of r¢sour¢¢$, Tqnglble flxed aiiets Tangible fixed assets are recorded at cost Icss depre¢iatioJ). Assets ate only capitalised if they be uKd for more than four y¢ar8, and cost at least £250. DreCiati0Th is provided at the following annual rates in ord¢r to writ¢ off th¢ cost Icss estimated residual valu¢ of eaeb asset over its estimated useful life. Plant Lnd machinery Land and buildings Sports equipment Improvements to propety -IOO/• on ¢o$t -NIL -250/0 reducing bal¢¢ -IO¢/o reducing bal&n¢e No d¢prKiation is charged on land. Depreciation is not charged on the buildings a8 the trnstces believe that the r¢sidual value is greater than the c8rying value in the financial statem¢nts. Stocks Stocks are valu01 at th¢ lower of cost and n¢t realisable value, after making due allowance for obsolete and slow moving items. Tixatlon The charity is exempt from corpoTation lax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 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 parti¢ular restricted purposes. Further explanation of the natUTe and purpose of each nd is included in the not¢5 to the fmancial stst¢ments. Pagel 8
BBY FARM L NOTES TO THE FINANCIAL STATEf*lENTS- CONTINUED f r the Year End IDe r 2024 ACCOUNTING POLICIES - ¢ontinued Volunteer hdp The valu¢ of any voluntary help received is not included in the accounts. lovestment income Investmcnt income is accounted for on an aC¢nlS basis, Golng concern The financial ststements have been prepared on a going conc¢rn basis. OTHER TRADING ACTIVITIES 31.12.24 31.12.23 Tuck shop in¢om¢ A¢¢ommodation income Camping incom¢ Events incom¢ Activities Farnihouse in¢ome Other income Int¢wst r¢¢¢ived Donations 17.231 129.564 49,069 38.661 56,946 9,918 48,992 4,384 735 16,998 129.624 71,139 41,746 59,124 6.591 12,336 1,972 355 500 342 820 NET INCOME Net income is stated aft¢r ¢harging/(crediting): 31.12.24 31.12.23 D¢preciation - own¢d a5set5 TRUSTEES, REMUIYERATION AND BENEFITS There were no trustees, remuneratlOD or other benefits for the year ended 31 Decernber 2024 nor for the year ended 31 December 2023. Tru5tees' expenses Th¢re were no trust¢¢s' ¢xp¢n5es paid for th¢ y¢ar ended 31 DecembeT2024 nor for the year end¢d 31 December 2023. STAFF COSTS The averag¢ monthly number of employees during the year was as follows: 31.12.24 31.12.23 No employees rcc¢ived emolumcnts in excess of £70.000. Pagel 9
BIBBYS F ITED No THE FINANCIAL STATEMENTS- CO rEn ed3 UED COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Funds INCOME AND ENDOWMENTS Tr-ROM OtILer trading activities 342,820 Totsl EXPEI¥4DITURE ON Raising funds Charltable 2ctivltie5 Promote thc development of young people 12,101 224115 Totsl 236,216 NET INCOME 106,604 RECONCILIATION OF FUIYDS Total fund$ brought forward 509,015 TOTAL FUNDS CARRIED FORWARD 615 619 Page | 10
IBBYS FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED f r the Year Ended 31 Dete TANGIBLE FIXED ASSETS Land & InLprovements Fixtures, plant buildings to property & machinery COST At l January 2024 Additions Disposals 1,187,898 97,038 147.136 Al 31 December 2024 1187 898 147 136 DEPRECLATION At l January 2024 ChaTge for year Dcprccialion on disposal 48,910 55,858 4,118 107,697 7,727 At 31 December 2024 115424 NET BOOK VALUE At 31 December 2024 1,138,988 37,062 31,712 At 31 December 2023 1138 988 41,180 Sports equipmcnt Totals COST At l January 2024 Additions Disposals 38,950 1,471,022 At 31 December 2024 1471,022 DFPRECIATION At l January 2024 Charge for year Depreciation on disposal 26.225 3,130 238,690 14,975 At 31 December 2024 253 665 NET BOOK VALUE At 31 December 2024 9,595 1,217,357 At 31 December 2023 1,232,332 Pagel 11
MIT NOTES T f rthey HE FINAN 31D IAL STATEMENTS- CONTINUED 24 STOCKS 31.12.24 31.12.23 Stocks 7,114 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors Prepaym¢nts 2,854 721 1.834 751 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade creditors Other taxes & social security Accruals 1,948 10.689 6,425 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE I'HAN ONE YEAR 31.12.24 31.12.23 Amounts ow¢d to i¢latcd party 897 863 897 863 Pagel 12
BIBBY LIMITED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED f r the Year En cember 2024 12. MOVEMENT IN FUNDS Net movement in funds At 1.1.24 At31.12.24 Funds G¢neral nd R¢stricted fund 418,323 197,296 87,415 8,471 505,738 205,767 TOTAL FUNDS 615 619 711505 Net movement in funds, included in the above are as follows: Incoming resourccs Resources expended Movement in funds Total funds 355,500 (259,864} 95.636 TOTAL FUNDS 355 500 259 864) 13. RELATED PARTY DISCLOSURES At th¢ T¢porting dat¢ £897,863 (2023: £897,863) was owed to Bolton Scout Trust, and during the year £nil (2023: £nil) has been advanced and £nil (2023.. £nil) has been repaid. 14. ULTIMATE CONTROLLING PARTY Th¢ wmpany was controlled by the Board of Truste¢s throughout th¢ ycar under review. Pagel 13
BIBBYS FARM LIMITED DET LED TATEMENT OF FINANC ar Ended 24 ACTIVIT 31.12.24 31.12.23 INCOME AND ENDOWMENTS Other trading actlvltles Tuck shop income Accommodation income Camping income Ev¢nts income Activities income Farnihous¢ income Other income 17,231 129.564 49.069 38,661 56,946 9,918 48,992 16,998 129,624 71,139 41,746 59,124 6,591 12,336 Other income re furlough Other income re rates rebate Interest rcceiv¢d Donations 4,384 735 1,972 355 500 342 820 Total Incomlng resources 355,500 342,820 EXPENDITURE Olber trAding actlvltles Openin8 Stock Out of date stock writt¢n off Tuck shop purchascs Closing slock 7,114 6,088 12.691 13,127 11.883 12,101 Charlt2ble actlvitie$ Activities. cvents and projects Rent, ratcs & water Light and heal Advertising Sundries Trav¢lling Plant maintenance Gmunds maintcnance & site improv¢m¢nts Cleaning Computer costs Depreciation of tangible fixed assets 72,748 3,716 25,880 76,250 6,540 30,093 5,577 388 1,792 30,505 507 4,129 ,912 16.525 815 610 157.627 154,966 Support ¢osts Flnance Bank ¢harges 1,169 1,348 Page | 14
BIBBYS FARM LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES forth Y r Ended 31 Deeember 2024 31.12.24 31.12.23 Governance eosts Wages Employer NI costs Employer pension costs Insuranc¢ T¢l¢phon¢ Postag¢ and stationery Accountsncy and legal and professional fK$ 64.570 298 1,951 14,992 564 1.460 47,485 1,249 13.369 744 I,oio 89,185 Total re$our¢es expended 259,864 236,216 Net In¢om¢ 106604 Pagel 15