| CONTENTS | Page | ||
|---|---|---|---|
| Trustees' report |
2 —6 | ||
| Statement offinancial |
activities | ||
| Balance sheet | 8-9 | ||
| Notes to the financial | statements | 10-15 | |
| Independent examiner's |
report | 16 |
| FOR THE YEAR ENDED 31AU | GUST | 2020 | |||
|---|---|---|---|---|---|
| Total | Total | ||||
| Unrestricted | Restricted | Year | Year | ||
| Funds | Funds | 2020 | 2019 | ||
| Note | E | E | E | ||
| INCOME AND EXPENDITURE | |||||
| Income from: | |||||
| Donations and legacies |
2 | 137,377 | 6,000 | 143,377 | 131,567 |
| Other trading activities |
10,890 | - | 10,890 | ||
| Other income | 240 | 240 | 720 | ||
| TOTAL INCOME | 148,507 | 6,000 | 154,507 | 132,287 | |
| Expenditure on: |
|||||
| Costs of raising funds: | |||||
| Yeo Valley event | 464 | 464 | |||
| Charitable activities: |
|||||
| Farm visits | 3 | 117,390 | 6,000 | 123,390 | 126,340 |
| TOTAL EXPENDITURE | 117,854 | 6,000 | 123,854 | 126,340 | |
| Net income/(expenditure) | |||||
| for the year | 30,653 | 30,653 | 5,947 | ||
| Transfers | |||||
| Net movement in funds for the |
year | 30,653 | 30,653 | 5,947 | |
| Reconciliation offunds |
|||||
| Total funds brought forward |
54,660 | 54,660 | 48,713 | ||
| Total funds carried forward | 85,313 | 85,313 | 54,660 |
| FARMLINK EDUCATIO | N LIMITED |
|||
|---|---|---|---|---|
| BALANCE SHEET | ||||
| AS AT 31AUGUST 2020 | ||||
| 2020 | 2019 | |||
| Company number: 5994599 |
||||
| Notes | ||||
| FIXEDASSETS | ||||
| Tangible fixed assets | 2,190 | 1,081 | ||
| CURRENT ASSETS | ||||
| Debtors | 8,313 | 3,827 | ||
| Cash at bank and in hand |
76,925 | 49,933 | ||
| 85,238 | 53,760 | |||
| CREDITORS: Amounts | falling due within one year | 9 | (2,115) | (181) |
| NET CURRENT ASSETS | 83,123 | 53,579 | ||
| NET ASSETS | 85,313 | 54,660 | ||
| THE FUNDS OF THE CHARITY: | ||||
| Restricted funds |
10 | |||
| Unrestricted funds |
11 | 85,313 | 54,660 | |
| TOTAL CHARITY FUNDS | 85,313 | 54,660 |
| DONATIONS AND |
LEGACIES | Year | Year |
|---|---|---|---|
| 2020 | 2019 | ||
| E | E | ||
| Unrestricted | |||
| Donations from Partner Farms |
59,500 | 63,000 | |
| Spielman Charitable |
Trust | 5,000 | 5,000 |
| Earnest Cook | 4,000 | ||
| Dartington Cattle Breeders Trust |
15,000 | 7,500 | |
| Nisbet Trust | 5,000 | ||
| Quartet Community |
Foundation | 5,000 | |
| Alee Van Berchem | CT | 6,500 | |
| Other Donations less than E1,000 |
4,155 | 5,675 | |
| Gifts in kind | |||
| Packington Farm —Seconded staff |
26,612 | 26,612 | |
| Accountancy fees |
780 | 780 | |
| Government grants |
|||
| Job Retention Scheme grants |
14,830 | ||
| 137,377 | 117,567 |
| 2. | DONATIONS | AND | LEGACIES (continued) | LEGACIES (continued) | LEGACIES (continued) | LEGACIES (continued) | LEGACIES (continued) | Year | Year |
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||
| E | |||||||||
| Restricted | |||||||||
| For delivery | on farms: | ||||||||
| Fairfield Charitable | Trust | 7,000 | |||||||
| Bridgwater Agricultural |
Society (delivery | in Somerset) | 6,000 | 6,000 | |||||
| Mrs M James | 1,000 | ||||||||
| 6,000 | 14,000 | ||||||||
| TOTAL | 143,377 | 131,567 | |||||||
| 3. | EXPENDITURE ON | CHARITABLE | ACTIVITIES | ||||||
| Year | Year | ||||||||
| 2020 | 2019 | ||||||||
| E | F | ||||||||
| Charitable activities |
—Farmer Nick | and | farm visits | ||||||
| Staff costs | 94,402 | 89,362 | |||||||
| Delivery offarm visits | 14,927 | 19,592 | |||||||
| Subsidising | bus costs of | schools | 1,270 | 2,400 | |||||
| Office and administration | costs | 7,374 | 9,573 | ||||||
| Expenses delivering |
kitchen classroom | services | 1,071 | 2,428 | |||||
| Maintenance | and repairs, | including | website | (793) | |||||
| Depreciation | 988 | 2,473 | |||||||
| Accountancy | fees | 2,577 | 525 | ||||||
| Independent | examiner's | fees | 780 | 780 | |||||
| TOTAL | 123,390 | 126,340 |
| NET INCOM | E/(EXPENDITURE) FOR THE YEA |
R | |
|---|---|---|---|
| This is stated | after charging: | Year | Year |
| 2020 | 2019 | ||
| E | E | ||
| Depreciation | 988 | 2,473 | |
| Independent | examination | 780 | 780 |
| EMPLOYE | ES AND STAFF COSTS | ES AND STAFF COSTS | ||
|---|---|---|---|---|
| Staff costs | were as follows: | Year | Year | |
| 2020 | 2019 | |||
| E | ||||
| Employed | staff | 45,790 | 44,350 | |
| Seconded | staff | 26,612 | 26,612 | |
| Self-employed | consultants | 22,000 | 18,400 | |
| 94,402 | 89,362 |
| Year | Year |
|---|---|
| 2020 | 2019 |
| No | No |
| FOR 7. |
THE YEAR ENDED 31AUGUST 2020 conti TANGIBLE FIXEDASSETS |
nued | ||
|---|---|---|---|---|
| Equipment | Classroom | Total | ||
| 6 | E | |||
| E | ||||
| COST | ||||
| As at 1 September 2019 | 36,391 | 24,164 | 60,555 | |
| Additions | 2,097 | 2,097 | ||
| As at 31 August 2020 | 38,488 | 24,164 | 62,653 | |
| DEPRECIATION | ||||
| As at 1 September 2019 | 35,310 | 24,164 | 59,474 | |
| Charge for the year | 988 | - | 988 | |
| At 31 August 2020 | 36,298 | 24,164 | 60,462 | |
| NET BOOK VALUE AT 31AUGUST 2020 | 2,190 | 2,190 | ||
| NET BOOK VALUE AT 31AUGUST 2019 | 1,081 | 1,081 | ||
| 8. | DEBTORS | 2020 | 2019 | |
| E | 6 | |||
| Prepayments and accrued income |
6,828 | 1,444 | ||
| Other debtors | 1,485 | 2,383 | ||
| 8,313 | 3,827 | |||
| 9. | CREDITORS | 2020 | 2019 | |
| Trade creditors | 1,144 | |||
| Accruals | 786 | |||
| Other creditors | 185 | 181 | ||
| 2,115 | 181 |
| RESTRI | CTED | FUNDS | |||||
|---|---|---|---|---|---|---|---|
| Balance | Income | Expenditure | Transfers | Balance | |||
| 1 Sept | 31 Aug | ||||||
| 2019 | 2020 | ||||||
| F | |||||||
| Delivery | Fund | - Somerset | 6,000 | (6,000) | |||
| 6,000 | (6,000) |
| Balance | Income | Expenditure | Transfers | Balance | ||
|---|---|---|---|---|---|---|
| 1 Sept | 31 Aug | |||||
| 2019 | 2020 | |||||
| 8 | ||||||
| General | Funds | 54,660 | 147,727 | (117,074) | 85,313 |
| Tangible | Cash at | Other Net | ||||
|---|---|---|---|---|---|---|
| Fixed | Bank & | Current | ||||
| Assets | in Hand | Assets | Total | |||
| E | E | F | ||||
| General | Funds | 2,190 | 76,925 | 6,198 | 85,313 | |
| Restricted | Funds | |||||
| 2,190 | 76,925 | 6,198 | 85,313 |