Annual Report
2022-2023
Reg. Charity No. 1111482
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## **Contents**
**1**
**1 2 3** Introduction Headlines and Adult Supported Highlights Services (ASP)
**4**
**5**
**6**
Education Community The Farm Kitchen Learning and Health, Dementia Skills (ELS) and Food Growing
**7 8 9** The Farm Site Events and The Garden and Animals Festivals Centre and Community Hub
**7**
**10** Heritage Work
**11**
Thank you
## **Introduction**
## **Message from our Chair**
2022 has been a very difficult and challenging year. Like so many charities the Farm has had to make hard decisions. In November, when I joined the board, a restructuring plan was put in place which would involve redundancies and a reduction in the scale of the Farm’s activity in order to protect the core business and balance our books.
That is still in progress, but the fact this foreword accompanies our accounts submission in October 2023 shows that all the work of our dedicated staff team and our army of volunteers has begun to bear fruit.
Our 2023 Annual Report will give a full account of all the steps we have taken including our new board of trustees and our restructured leadership team.
For now I need to thank the staff, the volunteers, the hundreds of service users, thousands of visitors, Sheffield City Council, the National Lottery Communities Fund, Key Fund, Voluntary Action Sheffield and the local community for all the help, support and encouragement we have received.
Finally I have to mention that for the second year running we are Sheffield’s most popular outdoor attraction and our pigs won best in Penistone Show!
## **Dave Clarson, Chair of the Board of Trustees**
The Board of Trustees present their annual report and audited financial statements of the year ended 31st December 2022, which are also prepared to meet the requirements for a director’s report and accounts for Company’s House.
## **Mission Statement**
Heeley City Farm identifies, confronts and addresses the problems of poverty, inequality, prejudice and a lack of opportunity in our inner-city community by supporting and promoting community regeneration and self-help within the background of a mini-farm, community garden and related resources.
## **Headlines and Highlights**
2022 has continued to see our community recover from the impacts of covid but also to be hit with a cost-of-living crisis, meaning the support offered both on and through the farm community remains vital, but also that we see funding challenges in continuing some of the work we do. In Spring 2022 Sue Pearson, CEO, left the organisation and was replaced by Stuart Gillis. This heralded a great change for the farm, alongside the external pressures.
- Developing its 4-acre site, improving wildlife areas, grazing, managing trees and continuing to develop outdoor education spaces
- The Youth Employment Hub, in partnership with the DWP and Opportunity Sheffield opened in June 2022
- Opening every day of the year (except Christmas day)
## **In 2022, we celebrated:**
- Working with over fifty adults with learning difficulties who had the choice of attending over forty different activities sessions each week
- Working directly with over three hundred school age children in educational programmes as well as outof-school youth led activity
- The People Keeping Well community health project working with people across the area to improve health and wellbeing
- Running three community festivals at the farm and visiting three events and set up a mini farm and educational space working with hundreds of people
- Managing six community food growing sites; supporting and teaching food growing to those in communities across Sheffield
- Welcoming around 100,000 visitors free to our farm, garden centre, café, and events
- Running two ten-week courses in horticulture, countryside skills and site maintenance for adults not in work
- Running a peat-free-garden centre and offering the city’s only ‘rent-a-tree’ living Christmas tree programme
- Over fifty volunteers of all ages were supported and learned new skills at the farm.
- The Birth of new animals and continuing to be a registered farm park with the Rare Breed’s Survival Trust
## **Additionally:**
- A new Chair of Trustees was appointed, and new trustee roles were advertised
- The operations of the farm continued to be run by a strong senior leadership team who are specialists in their areas
- The café was redesigned and rebranded – with vegetable and deli shelves introduced
- There was a huge amount of public and community support
- Conversations and relationships with key stakeholders, commissioners and funders were carried out and maintained. The farm and its staff team were recognised and praised for continuing to run a consistent and high-quality service throughout a difficult year.
## **Adult Supported Services (ASP)**
We continued to deliver our Adult Supported Learning Placements (ASP), providing forty activity sessions per week to over fifty adults with learning disabilities, attending cooking, arts and crafts, music, sport, recycling, animal care, advocacy, woodwork, and gardening sessions.
We expanded our gardening activities with a new gardening group based at the Meersbrook Park Walled Garden one day per week working with the farm food growing team and the Meersbrook Park User Trust. The group have made a big impact relaying some damaged paths, making a new compost area and planting out new vegetable beds.
We have employed a member of staff for an extra day to deliver small animal care sessions.
## **Sheffield Safe Places**
We continue to be the home of the Sheffield Safe Places scheme, delivering disability awareness to venues and providers across Sheffield enabling them to be a safe space for those with learning difficulties or struggling with poor mental health.
## I **n 2022:**
- Four new safe places joined the scheme and were trained by people with learning difficulties
- Forty safe places packs were handed out
- Forty two community meetings and conferences were attended
- Twelve community workshops and presentations were delivered
- Seventeen advocacy meetings were run by scheme members alongside other advocacy organisations
- The ‘Synergy’ Sheffield Mental Health Alliance was launched
- Seven Hate Crime awareness events were delivered
- New Safeguarding and disability training was developed and coproduced with volunteers, including fifty people’s lived experiences.
## **Education Learning and Skills (ELS)**
## **Secondary Alternative Provision**
We continued to see a rise in the number of young people of secondary age referred to our provision.
## **Adult Education**
We have received funding from Royal Horticultural Society (RHS) and The European Social Fund to deliver courses for twenty adult learners who are unemployed.
Following the Covid-19 pandemic we have noticed a large increase in young people with anxiety and poor mental health who gain huge benefits from our relaxed but structured vocational approach to learning, focused on animal care and horticulture.
We have carried out site maintenance, environmental work such as dry-stone walling, tree felling and pond management and basic horticulture.
## **Primary Provision**
We have employed a teaching assistant to work alongside tutors and offer more support to young people on our programme. We have had over twenty students gain E3 and L1 qualifications in countryside skills.
## **School Visits**
We were able to restart school visits following the lifting of restrictions brought in to place during the Covid-19 pandemic, delivering workshops to over two hundred children in our vegetable gardens and animal areas including, composting, seed planting, pollination and animal handling.
The children loved being able to spend the day outdoors on a working farm, easily accessible from the city centre. We hosted over three hundred children again as part of self-guided visits, enjoying the open and free access the farm offers.
Our primary alternative provision hosts a maximum of four children in a session offering support and development of emotional wellbeing.
2022 saw this provision being stable and working with educational and medical students to work alongside the groups, all in an outdoor, forest classroom.
## **Youth Employability Hub**
We gained a contract to work in partnership with Opportunity Sheffield and Department of Work and Pensions to trial youth employability hubs in the community. Our centre opened in June 2022 and is staffed by a Heeley City Farm employment mentor alongside a DWP worker, to support young people not in employment, education, or training (NEET). The initial results are extremely positive with fifty two participants signed up by the end of 2022 and thirty successfully into work, apprenticeships, or further training at the end of the year.
## **Community Health, Dementia and Food Growing**
## **Food Growing, Health Work and Social Cafes**
## **Dementia**
During 2022 the dementia department engaged with 1,254 people including people of all ages with mixed dementias, carers, and supporters both on-site at Heeley City Farm, in the local community and in care homes. We have delivered two hundred and thirty five sessions across 2022 providing people with a vast and mixed range of sessions, activities, support groups and engagements.
We continue to be heavily involved with partnerships and collaborations across Sheffield, regionally and nationally in our work and these relationships support our dementia communities face-to-face, small, and large groups, and one-to-ones and bespoke carers support groups. We have presented at conferences for South Yorkshire Police, the national Alzheimer’s Show and locally in the area raising awareness of lived experiences and care for farm health and well-being for people.
The farm experiences include farm day sessions involving animal-assisted therapy, gardening, conservation, touring the farm site; Farming Comes to You, which is visiting care homes with animals; two dementia carers groups; and green prescribing the arts and music playing.
We are part of the people keeping well scheme and run a social café and food growing scheme, field to fork sessions from the farm, connect and keep well, and mind detox sessions in Heeley and Gleadless Valley. The sessions provide volunteers with the opportunity to learn new skills, get some exercise in the fresh air, socialise with other people, and get some free, fresh organic fruit and veg. They are run from Herdings garden as well as Gleadless Methodist Church Garden and the Heeley City Farm site. The Herdings garden won a Royal Horticultural Society Community Award, with staff and volunteers attending the award ceremony at RHS Harlow Carr in September.
The Herdings Garden Social Café ran twice a week throughout the year. The café provides a warm, safe space where people can socialise, get hot drinks & food and take part in activities including chairobics, board games, quizzes & crafts. Many of the people who attend the Social Café live on their own, and for some, attending the café is the only social interaction that they have.
We have grown vegetables organically at our soil association registered site at Wortley Hall as well as sites at Norfolk Park, Meersbrook Park Walled Garden, Gleadless Valley, Firth Park Community Allotment and Lowedges. These sites continue to be managed by farm staff and volunteers, growing food for retail for veg box schemes and for members of the community to take home, whilst learning new skills.
## **The Farm Kitchen**
The Farm Kitchen is a longstanding community café in the heart of the farm site, offering home cooked meals in a recently extended setting. We strive to use as much of our own produce in dishes as is reasonably practicable and much of the fruit and vegetables are grown on site or at one of our satellite growing sites in South Yorkshire. We try to ensure that our prices are kept competitive whilst catering for our diverse customer base, from members of the local community to those attending courses, meetings, and placements for example.
Much of our produce is Fairtrade or ethically sourced and we are proud to offer healthy andt tasty meat free alternatives, helping to lower our environmental impact and lead the way locally on sustainable, ethical food.
We recently created a deli section in the Farm Kitchen to offer better marketing opportunities for our own produce. We currently manage over fifty beehives in South Yorkshire, producing and jarring our own raw honey as well as making waxbased items. The deli area allows us to offer these items for sale alongside our preserves, hand-made craft items and snacks. Next year we are looking to extend our offer with the purchase of fridges and freezers for sales of fresh produce. We also hope to begin making plans for a more attractive outdoor space to increase our seating capacity.
Throughout the week the Farm Kitchen’s small team of caterers also offer placement opportunities to adults with support needs who are trained in various aspects of hospitality. Our team prides itself on being welcoming and inclusive of all members of the community as well as making great coffee and cake!
## **The Farm Site and Animals**
The farm site is located in the heart of Heeley, twenty minutes’ walk from the city centre of Sheffield. We boast a café, garden centre, rare breed’s animal farm, small animal house, kitchen gardens, office spaces, wildlife areas and specialist-built spaces for dementia sessions, forest school delivery and heritage work including a replica roundhouse and iron age forge.
In 2022 we welcomed a new Shetland pony, Hope, who come to live at the farm and was instantly very popular with volunteers and visitors. We have also had soay and whitefaced woodland lambs, golden guernsey goats, bagot goats and pygmy goats born at the farm. We continue to work closely with a farmer of ‘Northern Dairy Shorthorn’ cows to loan and showcase this extremely rare breed of cow (less than one hundred and fifty breeding females left).
Our small animal house provides calm work and opportunities for our supported adult groups to manage all aspects of animal care work and therapy.
## **Events and Festivals**
In 2022 we had three community festivals in June, September and December showcasing the farm site, local music and farm produce. The events are extremely popular with the local community and we estimate around 2,000-3,000 people attended our events this year.
We also partnered with the Sheffield Food Festival and In Bloom to take our farm to them, running workshops in heritage arts and crafts, horticulture and farmyard skills, as well as selling and showcasing our farm produce.
## **The Garden Centre and Community Hub**
2022 saw the closure of the previous energy centre and the rebranding of this old bakery house into The Community Hub which houses the Youth Employment Hub and health and heritage office spaces upstairs. The building still retains all the features of the energy centre such as a ground source heat pump, solar panels, and demonstrations of different types of insulation.
## **Heritage Work**
Our community heritage manager worked closely with the community and our unique archive to continue our heritage work. We hosted university intern students and carried out heritage walks throughout the area as well as opening the ‘People’s Museum’ to showcase the history of the farm site and local area.
In 2022 we opened a garden centre gift shop in addition to our peat free nursery and garden centre.
## **Thank You**
We would like to take this opportunity to thank all the supporters of Heeley City Farm. We are so grateful for all donations which we have received over the past year.
We also want to recognise the invaluable contribution of our staff and volunteer team, without whom our work would not be possible.
**Heeley City Farm, Richards Road, Sheffield, S2 3DT**
**0114 258 0482 info@heeleyfarm.org.uk heeleyfarm.org.uk**
Heeley City Farm is a company limited by guarantee Reg. No. 2141420. VAT Reg. No. 646 3843 17 Reg. Charity No.1111482.
**REGISTERED COMPANY NUMBER: 02141420 (England and Wales) REGISTERED CHARITY NUMBER: 1111482**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **FOR**
## **HEELEY CITY FARM LIMITED**
Hollis and Co Limited Chartered Accountants Statutory Auditor 35 Wilkinson Street Sheffield South Yorkshire S10 2GB
**HEELEY CITY FARM LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Report of the Independent Auditors**|5|to|8|
|**Statement of Financial Activities**||9||
|**Balance Sheet**||10||
|**Cash Flow Statement**||11||
|**Notes to the Cash Flow Statement**||12||
|**Notes to the Financial Statements**|13|to|22|
|**Detailed Statement of Financial Activities**|23|to|24|
**HEELEY CITY FARM LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
Memorandum and Articles of Association - Heeley City Farm's Charitable Objects:
1. To promote the benefit of the inhabitants of Heeley and the neighbourhood
2. To advance the education of the said inhabitants, and particularly young members of the public at large, in agriculture, horticulture, home-crafts, country-life and related subjects and in the principles of self-discipline and good citizenship through their leisure-time activities so that they develop their physical, mental and spiritual capacities and grow to full maturity as individuals and members of society and their conditions of life are improved;
3. To provide education and training for persons who have need of such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances, resident in the said area of benefit, so as to prepare them for any trade or occupation.
## **Significant activities**
2022 has been a year of significant change. The difficulties presented by COVID continued into the year. Various initiatives were implemented during the year, some of which were successful and some of which weren't.. While significant changes have been ongoing behind the scenes, continued access to a community based farm in the centre of a city has been maintained.
Further details are made available on our website.
## **Public benefit**
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **FINANCIAL REVIEW**
## **Financial position**
A net deficit was incurred in the year as grant funding significantly reduced in the later part of the year. The company remained solvent with net assets as well as significant property assets.
## **Principal funding sources**
The principal regular funding sources of the Farm are contract income, grants (both restricted and unrestricted), donations and earned income from trading & sales of produce.
Our main ongoing contracts include the provision of community health services, adult community learning, Learning Disability day provision, dementia support and young people’s education and learning, including our alternative provision. Our young people’s learning provision is cross-subsidised by lottery funding.
## **Asset management**
We hold a lease for the main farm site with Sheffield City Council which expires on 10th August 2050, providing a level of security and stability. The long lease also goes some way towards protecting our investments and buildings which the charity owns and manages.
We have a duty to protect the community assets which the farm holds, on behalf of the many local people & vulnerable groups who use these facilities daily and need them to be available for future generations.
The charity owns outright the freehold and building (the Energy Centre) at 25 Alexandra Road (valued commercially at £130,000 in 2019).
We have a small fleet of 3 vans/minibuses including a 16-seater minibus which we acquired in 2021, these are used for transporting volunteers, participants, learners and young people to activities on our project sites around the city
## **Reserves policy**
The trustees aim to establish sufficient cash reserves to allow the Farm to continue trading should a major source of funding be lost or reduced suddenly. To allow replacement funding to be obtained, it is estimated that 3 months of essential expenditure will need to be financed. The minimum level of general reserves is therefore targeted to be £250,000.
Page 1
**HEELEY CITY FARM LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **FINANCIAL REVIEW**
## **Going concern**
Although a net deficit was made for the year ended 31 December 2022, partly due to the spending of previously received restricted funds, the directors believe that Heeley City Farm Limited is still a going concern as it has maintained net current assets and a positive bank balance, new grant funding has restarted during 2023, internal reorganisations have increased control over costs, and positive forecasts have been made.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Heeley City Farm Limited is a charitable company limited by guarantee, incorporated on 19th June 1987, and is governed by its Memorandum and Articles of Association, as amended by written resolution dated 15th September 2005.
It was registered as a charity with the Charity Commission on 28th September 2005.
In the event of the charity being wound up members are required to contribute an amount not exceeding £1 each.
## **Recruitment and appointment of new trustees**
All directors of the company are also trustees of the charity. There are no other trustees.
One third of the trustees retire at the Annual General Meeting but are eligible for reappointment.
The trustees may appoint a person as a trustee to fill a vacancy or to act as an additional trustee provided that the appointment does not cause the number of trustees to exceed 15.
## **Organisational structure**
The charity is organised so that its Board of Directors meet monthly to manage its affairs. There are currently 3 members of the Senior Leadership Team (SLT) who manage the charity day to day. This arrangement replaces the previous CEO led structure and represents a significant reduction in core overhead. A further review will take place in January 2024 The SLT meet weekly to review operations, improve our systems and reporting and progress the Business Plan
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
02141420 (England and Wales)
## **Registered Charity number**
1111482
## **Registered office**
46 Richards Road SHEFFIELD S2 3DT
Page 2
**HEELEY CITY FARM LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Trustees**
D J Clarson - Chair (appointed 5/12/22) G S Farrow (resigned 1/6/23) R King (resigned 27/6/22) C C Lee (resigned 28/2/23) B H Lee-Potter (resigned 28/2/23) B T George (appointed 28/2/23) Ms A V Thirwell-Hicks (appointed 28/2/23) Ms H J Marmion (appointed 28/2/23) Ms C A Spray (appointed 28/2/23) T J Woolliscroft (appointed 28/2/23) R Meijer (appointed 28/2/23)
## **Auditors**
Hollis and Co Limited Chartered Accountants Statutory Auditor 35 Wilkinson Street Sheffield South Yorkshire S10 2GB
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Heeley City Farm Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, Hollis and Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Page 3
**HEELEY CITY FARM LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 30 October 2023 and signed on its behalf by:
D J Clarson - Trustee
Page 4
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HEELEY CITY FARM LIMITED**
## **Opinion**
We have audited the financial statements of Heeley City Farm Limited (the 'charitable company') for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
## In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 December 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, 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 going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, 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 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 the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
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**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HEELEY CITY FARM LIMITED**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where 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 financial statements are not in agreement with the accounting records and returns; 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 entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial 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 charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
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**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HEELEY CITY FARM LIMITED**
## **Our responsibilities for the audit of the financial 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 a Report of the Independent Auditors 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 misstatement 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:
- We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.
- We obtained an understanding of laws and regulations that could reasonably be expected to have a material effect on the financial statements through discussion with management and those charged with governance, including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.
- We inquired of management and those charged with governance as to any known instances of non- compliance or suspected non-compliance with laws and regulations. We remained alert to any indications of non-compliance throughout the audit.
- We addressed the risk of fraud through management override by reviewing the appropriateness of a sample of journal entries and other adjustments; assessing whether the judgements made in making key accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business that we come across throughout the audit.
However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company. Our examination should not be relied upon to disclose all such material misstatements or frauds, errors or instances of non-compliance as may exist.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HEELEY CITY FARM LIMITED**
## **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 Companies 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 state to them in an auditors' 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 a body, for our audit work, for this report, or for the opinions we have formed.
Peter Hollis (Senior Statutory Auditor) for and on behalf of Hollis and Co Limited Chartered Accountants Statutory Auditor 35 Wilkinson Street Sheffield South Yorkshire S10 2GB
31 October 2023
Page 8
**HEELEY CITY FARM LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Grants
Farm activities
Other trading activities
3
Other income
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Farm activities
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
20
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
34,513
37,707
575,324
2,215
-
649,759
3,223
722,982
726,205
(76,446)
20,629
(55,817)
153,549
97,732|Restricted
funds
£
-
448,303
-
-
-
448,303
-
605,551
605,551
(157,248)
(20,629)
(177,877)
586,145
408,268|2022
Total
funds
£
34,513
486,010
575,324
2,215
-
1,098,062
3,223
1,328,533
1,331,756
(233,694)
-
(233,694)
739,694
506,000|2021
Total
funds
£
25,022
659,622
388,243
11,455
174,860|
|---|---|---|---|---|
|||||1,259,202|
|||||4,110
1,124,643|
|||||1,128,753|
|||||130,449
-|
|||||130,449
609,245|
|||||739,694|
The notes form part of these financial statements
Page 9
**HEELEY CITY FARM LIMITED**
## **BALANCE SHEET 31 DECEMBER 2022**
|Notes
**FIXED ASSETS**
Tangible assets
12
Investments
13
**CURRENT ASSETS**
Stocks
14
Debtors
15
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
16
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
17
**NET ASSETS**
**FUNDS**
20
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2022
£
611,695
100
611,795
4,476
55,476
50,748
110,700
(90,996)
19,704
631,499
(125,499)
506,000
97,732
408,268
506,000|2021
£
635,171
100
635,271
6,278
105,955
230,333
342,566
(102,934)
239,632
874,903
(135,209)
739,694
153,549
586,145
739,694|
|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 30 October 2023 and were signed on its behalf by:
D J Clarson - Trustee
The notes form part of these financial statements
Page 10
**HEELEY CITY FARM LIMITED**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Sale of tangible fixed assets
Net cash used in investing activities
**Cash flows from financing activities**
Loan repayments in year
Net cash provided by/(used in) financing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|2022
£
(187,746)
(187,746)
(8,197)
399
(7,798)
15,959
15,959
(179,585)
230,333
50,748|2021
£
65,781
65,781
(99,366)
-
(99,366)
(18,911)
(18,911)
(52,496)
282,829
230,333|
|---|---|---|
The notes form part of these financial statements
Page 11
**HEELEY CITY FARM LIMITED**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Loss on disposal of fixed assets
Key Fund loan interest
Decrease/(increase) in stocks
Decrease/(increase) in debtors
Decrease in creditors
**Net cash (used in)/provided by operations**|2022
£
(233,694)
26,676
4,599
6,250
1,802
50,479
(43,858)
(187,746)|2021
£
130,449
26,225
-
7,840
(153)
(39,453)
(59,127)
65,781|
|---|---|---|
**2. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)**
||At 1/1/22|Cash flow|At 31/12/22|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|230,333|(179,585)|50,748|
||230,333|(179,585)|50,748|
|**Debt**||||
|Debts falling due within 1 year|(10,594)|-|(10,594)|
|Debts falling due after 1 year|(135,209)|9,710|(125,499)|
||(145,803)|9,710|(136,093)|
|**Total**|84,530|(169,875)|(85,345)|
The notes form part of these financial statements
Page 12
**HEELEY CITY FARM LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Note about going concern
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations, gifts and similar incoming resources are included in the year in which they are receivable, which is when the charity becomes entitled to the resource.
Funds in respect of revenue items are written off to the income and expenditure account in the period to which they relate. Funds in respect of specific projects are credited to a restricted fund, against which relevant expenditure is charged.
Funds are not recognised as receivable until all conditions for receipt have been met. Where donor imposed restrictions apply to the timing of the related expenditure, as a pre-condition for its use, the funds are treated as deferred income until those restrictions are met.
Funds relating to fixed assets are credited to a restricted fund on the income and expenditure account from which amounts are released to revenue over the shorter of the depreciation period of the relevant assets or the term of the project.
Training provision and energy income are accounted for in the period in which the service is provided. All income is stated net of value added tax where appropriate.
Café, garden centre, festival and community food growing income is credited to the period in which the income is receivable.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Long leasehold|- Over period of lease|
|---|---|
|Fixtures and fittings|- 15% on reducing balance|
|Motor vehicles|- 25% on reducing balance|
Only individual items costing above £2,500 will be capitalised, those costing less will be written off as expenditure.
The other permanent buildings are now covered by a new 30 year lease and these accounts incorporate this in the calculation of the depreciation provision.
continued...
Page 13
**HEELEY CITY FARM LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. ACCOUNTING POLICIES - continued**
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Cost is calculated using the first in first out (FIFO) basis.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Funds held by the charity are either:-
Unrestricted funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Designated funds - these have been set up to identify those unrestricted funds that are not free funds in that they represent the net book value of capital assets attributable to the charity's own reserves. Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Irrecoverable value added tax**
Irrecoverable value added tax is written off to the Statement of Financial Activities in the year in which it arises.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. DONATIONS AND LEGACIES**
## **3.**
|Donations
**OTHER TRADING ACTIVITIES**
DSB checks
Rent receivable
Lottery|2022
£
34,513
2022
£
-
2,215
-
2,215|2021
£
25,022|
|---|---|---|
|||2021
£
1,573
7,642
2,240|
|||11,455|
continued...
Page 14
**HEELEY CITY FARM LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **4. INCOME FROM CHARITABLE ACTIVITIES**
|**INCOME FROM CHARITABLE ACTIVITIES**||||
|---|---|---|---|
|Activity
Grants
Grants
Training provision
Farm activities
Cafe, garden centre, festival
and community food growing
income
Farm activities
Grants received, included in the above, are as follows:
Sheffield City Council - PKW- Community Wellbeing
Sheffield City Council - PKW - Resilient Communities
Sheffield City Council -PKW - Dementia
Sheffield City Council - Healthy Holidays
Sheffield City Council - Safe Places Grant
Sheffield City Council - Dementia for Partners
Sheffield City Council - Various small grants
Big Lottery - Reaching Communities, Local Food
Big Lottery - Reaching Communities, Youth
CAF Resilience Fund
Health Education England
Garton Weston - Local Food Project
CAF Resilient Communities Funding
National Lottery - Wildlife Garden
Citizens Advice - Various small grants
Sheffield Renewables
Marjorie Coote - Old peoples charity fund
Kickstart
Sheffield City Council - Contribution to Hub
Youth Operations
Small grant funds|2022
£
486,010
367,062
208,262
1,061,334
2022
£
54,830
25,000
35,500
186,397
28,125
-
9,408
-
72,700
33,716
-
-
-
-
-
-
-
2,823
16,920
10,000
10,591
486,010|2021
£
659,622
244,927
143,316||
|||1,047,865||
||||2021
£
77,025
25,000
19,000
223,772
16,875
6,000
3,956
24,255
70,810
71,148
58,604
30,000
10,000
9,950
5,000
3,287
3,000
-
-
-
1,940|
||||659,622|
Page 15
continued...
**HEELEY CITY FARM LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **5. RAISING FUNDS**
## **Raising donations and legacies**
|Sundries
**6.**
**CHARITABLE ACTIVITIES COSTS**
Farm activities
**7.**
**SUPPORT COSTS**
Management
£
Farm activities
37,218
**8.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Depreciation - owned assets
Deficit on disposal of fixed assets|Direct
Costs
£
1,187,237
Finance
£
36,168|2022
£
3,223
Support
costs (see
note 7)
£
141,296
Governance
costs
£
67,910
2022
£
9,800
26,675
4,599|2021
£
4,110
Totals
£
1,328,533|2021
£
4,110
Totals
£
1,328,533|
|---|---|---|---|---|
|||||Totals
£
141,296|
|||||2021
£
4,736
26,225
-|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **10. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2022
£
695,946
43,729
18,101
757,776|2021
£
596,719
9,400
11,767|
|---|---|---|
|||617,886|
Page 16
continued...
**HEELEY CITY FARM LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **10. STAFF COSTS - continued**
The average monthly number of employees during the year was as follows:
|Charitable activities
Management and administration
No employees received emoluments in excess of £60,000.
**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Grants
Farm activities
Other trading activities
Other income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Farm activities
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**ACTIVITIES**
Unrestricted
funds
£
25,022
-
388,243
11,455
166,370
591,090
4,110
595,178
599,288
(8,198)
3,307
(4,891)
158,440
153,549||2022
48
4
52
Restricted
funds
£
-
659,622
-
-
8,490
668,112
-
529,465
529,465
138,647
(3,307)
135,340
450,805
586,145||2021
39
4
43
Total
funds
£
25,022
659,622
388,243
11,455
174,860|
|---|---|---|---|---|---|
|||||1,259,202||
|||||4,110
1,124,643||
|||||1,128,753||
|||||130,449
-||
|||||130,449
609,245||
|||||739,694||
continued...
Page 17
**HEELEY CITY FARM LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **12. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2022
Additions
Disposals
At 31 December 2022
**DEPRECIATION**
At 1 January 2022
Charge for year
Eliminated on disposal
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021
**13.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 January 2022 and 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021
There were no investment assets outside the UK.
**14.**
**STOCKS**
Stocks|Long
leasehold
£
1,155,246
-
(7,498)
1,147,748
555,640
19,742
(4,390)
570,992
576,756
599,606|Fixtures
and
fittings
£
204,536
2,197
(9,937)
196,796
169,495
5,302
(8,047)
166,750
30,046
35,041|Motor
vehicles
£
5,094
6,000
-
11,094
4,570
1,631
-
6,201
4,893
524
2022
£
4,476|Totals
£
1,364,876
8,197
(17,435)
1,355,638
729,705
26,675
(12,437)
743,943
611,695
635,171
Unlisted
investments
£
100
100
100
2021
£
6,278|
|---|---|---|---|---|
continued...
Page 18
**HEELEY CITY FARM LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
|**15.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2022
£
Trade debtors
55,336
Grants in arrears
-
Other income in arrears
-
Prepayments
140
55,476
**16.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2022
£
Bank loans and overdrafts (see note 18)
10,594
Trade creditors
15,573
Social security and other taxes
10,131
Pension
2,951
VAT
51
Other loans
24,000
Accrued expenses
27,696
Deferred income
-
90,996
**17.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
2022
£
Bank loans (see note 18)
125,499
**18.**
**LOANS**
An analysis of the maturity of loans is given below:
2022
£
Amounts falling due within one year on demand:
Bank loans
10,594
Amounts falling between one and two years:
Bank loans - 1-2 years
10,593
Amounts falling due between two and five years:
Bank loans - 2-5 years
31,780
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
83,126|2021
£
81,413
5,625
18,281
636|2021
£
81,413
5,625
18,281
636|
|---|---|---|
||105,955||
||2021
£
10,594
26,308
18,019
640
2,323
25,000
14,425
5,625||
||102,934||
||2021
£
135,209||
|||2021
£
10,594|
|||10,597|
|||31,780|
|||92,832|
continued...
Page 19
**HEELEY CITY FARM LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **19. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Unrestricted
funds
£
Fixed assets
203,427
Investments
100
Current assets
110,700
Current liabilities
(90,996)
Long term liabilities
(125,499)
97,732
**20.**
**MOVEMENT IN FUNDS**
At 1/1/22
£
**Unrestricted funds**
General fund
(52,826)
Designated Fund
206,375
153,549
**Restricted funds**
Capital projects
428,897
Community, Health and Food
157,248
586,145
**TOTAL FUNDS**
739,694
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Community, Health and Food
**TOTAL FUNDS**||
|---|---|
continued...
Page 20
**HEELEY CITY FARM LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **20. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated Fund
**Restricted funds**
Capital projects
Community, Health and Food
**TOTAL FUNDS**|At 1/1/21
£
28,313
130,127
158,440
432,004
18,801
450,805
609,245|Net
movement
in funds
£
(574)
(7,624)
(8,198)
(18,601)
157,248
138,647
130,449|Transfers
between
funds
£
(80,565)
83,872
3,307
15,494
(18,801)
(3,307)
-|At
31/12/21
£
(52,826)
206,375
153,549
428,897
157,248
586,145
739,694|
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated Fund
**Restricted funds**
Capital projects
Community, Health and Food
**TOTAL FUNDS**|Incoming
resources
£
591,090
-
591,090
-
668,112
668,112
1,259,202|Resources
expended
£
(591,664)
(7,624)
(599,288)
(18,601)
(510,864)
(529,465)
(1,128,753 )|Movement
in funds
£
(574)
(7,624)
(8,198)
(18,601)
157,248
138,647
130,449|
|---|---|---|---|
continued...
Page 21
**HEELEY CITY FARM LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **20. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Designated Fund
**Restricted funds**
Capital projects
Community, Health and Food
**TOTAL FUNDS**|At 1/1/21
£
28,313
130,127
158,440
432,004
18,801
450,805
609,245|Net
movement
in funds
£
(77,020)
(7,624)
(84,644)
(18,601)
-
(18,601)
(103,245)|Transfers
between
funds
£
(57,087)
81,023
23,936
(5,135)
(18,801)
(23,936)
-|At
31/12/22
£
(105,794)
203,526
97,732
408,268
-
408,268
506,000|
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated Fund
**Restricted funds**
Capital projects
Community, Health and Food
**TOTAL FUNDS**|Incoming
resources
£
1,240,849
-
1,240,849
-
1,116,415
1,116,415
2,357,264|Resources
expended
£
(1,317,869 )
(7,624)
(1,325,493 )
(18,601)
(1,116,415 )
(1,135,016 )
(2,460,509 )|Movement
in funds
£
(77,020)
(7,624)
(84,644)
(18,601)
-
(18,601)
(103,245)|
|---|---|---|---|
## **21. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2022.
Page 22
**HEELEY CITY FARM LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
DSB checks
Rent receivable
Lottery
**Charitable activities**
Grants
Training provision
Cafe, garden centre, festival and community food
growing income
**Other income**
Emergency COVID grants
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Sundries
**Charitable activities**
Wages
National insurance
Pensions
Maintenance
Rent, rates and insurance
Light and heat
Travel costs
Cafe, garden centre, events an d community food
growing costs
Depreciation of tangible fixed assets
Loss on sale of tangible fixed assets
**Support costs**
**Management**
Livestock purchases and upkeep
Staff and volunteer training
Carried forward|2022
£
34,513
-
2,215
-
2,215
486,010
367,062
208,262
1,061,334
-
1,098,062
3,223
695,946
43,729
18,101
51,310
40,037
12,282
2,040
292,517
26,676
4,599
1,187,237
21,644
5,989
27,633|2021
£
25,022
1,573
7,642
2,240|
|---|---|---|
|||11,455
659,622
244,927
143,316|
|||1,047,865
174,860|
|||1,259,202
4,110
596,719
9,400
11,767
74,459
37,670
8,528
-
195,902
26,225
-|
|||960,670
17,146
2,593
19,739|
This page does not form part of the statutory financial statements
Page 23
**HEELEY CITY FARM LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Management**
Brought forward
Vehicle costs
**Finance**
Childcare
Subscriptions
Advertising and publicity
Telephone
Stationery and software
Contractors and subcontractors
**Governance costs**
Auditors' remuneration
Legal and professional fees
Bad debts
Bank charges and interest
Loan interest
Sundry expenses
Irrecoverable VAT
Total resources expended
**Net (expenditure)/income**|2022
£
27,633
9,585
37,218
-
3,906
5,994
7,514
7,380
11,374
36,168
9,800
32,774
(1,407)
4,147
6,250
-
16,346
67,910
1,331,756
(233,694)|2021
£
19,739
-|
|---|---|---|
|||19,739
741
4,685
5,912
13,617
10,466
48,722|
|||84,143
4,736
9,786
4,791
2,068
7,840
2,053
28,817|
|||60,091|
|||1,128,753|
|||130,449|
This page does not form part of the statutory financial statements
Page 24
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HEELEY CITY FARM LIMITED**
## **Opinion**
We have audited the financial statements of Heeley City Farm Limited (the 'charitable company') for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
## In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 December 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, 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 going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, 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 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 the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 5
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HEELEY CITY FARM LIMITED**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where 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 financial statements are not in agreement with the accounting records and returns; 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 entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial 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 charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 6
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HEELEY CITY FARM LIMITED**
## **Our responsibilities for the audit of the financial 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 a Report of the Independent Auditors 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 misstatement 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:
- We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.
- We obtained an understanding of laws and regulations that could reasonably be expected to have a material effect on the financial statements through discussion with management and those charged with governance, including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.
- We inquired of management and those charged with governance as to any known instances of non- compliance or suspected non-compliance with laws and regulations. We remained alert to any indications of non-compliance throughout the audit.
- We addressed the risk of fraud through management override by reviewing the appropriateness of a sample of journal entries and other adjustments; assessing whether the judgements made in making key accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business that we come across throughout the audit.
However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company. Our examination should not be relied upon to disclose all such material misstatements or frauds, errors or instances of non-compliance as may exist.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 7
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HEELEY CITY FARM LIMITED**
## **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 Companies 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 state to them in an auditors' 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 a body, for our audit work, for this report, or for the opinions we have formed.
Peter Hollis (Senior Statutory Auditor) for and on behalf of Hollis and Co Limited Chartered Accountants Statutory Auditor 35 Wilkinson Street Sheffield South Yorkshire S10 2GB
31 October 2023
Page 8