Company registration Iiumber.. 06509944 Charity registration number.. 1125245 Stonebridge City Farni (A company limiied by guarantee) Annual Report alld Financial Statements for the Year Ended 31 March 2021 Cojnmunity Accounting Plus Units l & 2 North West 41 Talbot Street Nottin¥hatn NGI 5GL Stonebridge City Farm Contents Reference and Administrative Details Trustees, Report 2to7 Independent Examiner's Report Statement of Financial Activities 9tolO Balance Sheet Statement of Cash Flows 12 Notes to the Financial Statements lito24 Stonebridge City Farm Refer¢n¢¢ and Administrative D¢t#ils Tru5t¢es Laura Summers, Chair Luke Raddon Jacksoi), Viee Chair (froni Dec 20?1) Clare Chrisp, Treasiirer Liiida Stevenson Elizabeth Bennett Trevor Smallpiece Peter Arn)itage Allanah Cresswell Senior Management Tea Luke O'Brien Kristina Jone5 Heather Slater Reiss Sutton Prillcipal Office Stonebridge Road St Anii's Nottingham NG3 2FR Company Registration Number 06509944 Charity Registration Nutnber 1125245 Independent Examiner John O'Brien, employee of Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Page I Stonebridge City Farm Trust¢¢s' Report The trustees. who are directors for the purposes of company law, present the aiinual report together with the financial 5tatement5 of the charitable coinpany for the year ended 31 March 2021. Trustees Laura Summers. Chair Luke Raddon Jackson, Vice Chair (from Dec 2021) Clare Chrisp, Treasurer Linda Stevenson Elizabeth Bennett Trevor Smallpiece Karen Pitts (resigned 30 September 2021) Kevin Donohoe (re5igiied 30 September 2021) Victoria Burrows (resigned 30 April 20?1) Structure? governance and mallagement alure olgowerning docNmenl The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 20 February 2008. It has no share capiial and the liabiliry of each member in the event of winding-up is limited to £1. Recruilmenl ￿pPOintMeNt uftrustees Each year i trllstee5 5taiid dom'ii and potential new trustees subinit an application to become a tllJ5tee. If they 5at15fy the required criteria the applicant5 present themselves at the AGM and member5 Vote on appointment5. Introduetion Stoncbridgc City fami was set up in the late 1970's and officially opened in 1979, to provide a much-needed greeii space in a newly regenerated area of the city. St. Ann's. Today the farni is a charity-rnn initiative. It 15 a free community resource - a slice of the collntyside in the heart of the City of Nottingham. The Centre is open every day and provides a working farni environment for vi51tors across the East Midlands, whilst also providing the platform for developing people with a learning disability or a mental health challenge. The 5lte is accessible to all and is popular with schools and colleges. Our Vision "To be a special place, loved by the coinmunity." Our Mission 'Stonebrid¥e City Fatyn helps people throu¥h inclu5lVe SUPPOrt, training and by providing a free, safe and accessible space for everyone." Page 2 Stonebridge City Farm Trust¢¢s' Report Objectives and aetivities Objects ond 'I'h¢ obj¢cts of the charity are.. To advance trdining, ediication and social development and to provide facilities for social and occupational development, recreatioii and other leisiire-time occupatioii in the interest of social welfare for the inhabitants of Nottingham, Greater NottinghaTn and surroundingF area. To proinote the benefit of the inhabitants of Greater NottinghaTn Without distiiiction of gender or sexual orientation, age. race or of political, religious or other opinions, by as50ciatiiig the Local Authorities aiidlor Voluntary. organisation5 aiid inhabitaiits in a cominoii effect to advance training and educatioii to provide facilities iii the interest of Social welfare for recreatioii and persoi)al development with the object of iinproving conditions of lite for those inhabitants and to tontribute to the ecot)omic regeneration of the area of benefit particularly for those who have i)eed of such facilities by reason of their disabilitv, disadvantage in the labour market. youth, age, poverty or social and etoi)omic circumstances. Advai)te the training and education of said ii)habitants using the n)edia or agriculture. horticulture and related subjects ai)d ii) principles of self-discipline and of good citizenship througl) their leisure-time activities so that they develop their social, economic. moral and spiritual capacities and grow to full maturiiy as individuals and members of society, and their condiiions of life are improved. Promote among the inhabitants of ihe area of benefit humanity and morality by educating them in the care of and consideration of all living things and for these purposes to care for animals and grounds so thai the immediate beneficiaries of the project and the public will have a greaier awareness of and appreciation for living things. ro provide education and training for people who have need of such facilities by reasoii of their disadvantage iii the laboiir market: physical or learning di5abilit)' or by reasoii of being a non-trdditional leamer or returner to learninu 50 as to contribute to their appropriate pro¥ression tom'ards employment or greater awareness of and appreciatioii for living things. To provide facilities for people with phvsical and leaming disabiliiies. menthl healih problems or other high support needs io access high qualiiy iherapeuiic activities and w provide these facilities lollowing contempornry good practice with regard to the needs of said people. As well as aimin¥ to be a flagship community or¥ani5ation, operating in one of the most deprived neighbourhoods of the UK. the lami focuses on achieving the following social outcomes.. Improving health and well-being", Increasing social inclusion: Increasing indepei)dei)ce'. Realisii)g poiei)iial (and skills development). Page 3 Stonebridge City Farm Trust¢¢s' Report Public benefil The activitie5 of the fatyn provide the people of NottingFhain and Nottinghamshire with a unique opportunity to enjoy country life in the city centre. free of chargFe. The farm help5 to reduce isolation and promote health and 'ell-being for inany local families who vi5lt re¥Tularly. We have a reputation for being busy and pn)ductive and also providing an oasis and safe haven for those who need conlidence building and personal benelit. We specialise in bringing people together as a team with identilied shared interests. The Stonebridge team and volunteers promote social iiiieraction withii) our community and help break down barriers that exist in the wider community, encouraging positive interaciion ￿'1th our visitors. We are a fully inclusive community group that includes a range of people w,ho benefit from an introduciion or re-introduction to learning. work-based relationships and socialising. Many of our group are marginalised, vulnerable and furthest from the job market. They tell us that they feel part of a 'fami family, where they are valued and appreciated. The charity provides support to many people with a leaming disability or a mental health challenge Ihrough the provision of ￿ork-baSed opportunities in animal care, gardening, catering, retail, cusiomer services, cleaning and maintenance. This is supplemented by individual support and development plans. People benefit from something entirely different to other facilities in Nottinghgm, in an enjoyable and stimulating environment. In addition, the charity provides its facilities to local schools and colleges. Students of all ages come to the farm as part of stn]ctLired learning prograTnmes. For many, we provide a chance to begin a more positive journey. We also encourage local organisations to allow their employees to volunteer with us as part of their approach to corporate social responsibility. The trustees conlirm ihai they have coinplied ivith the requirements of seciion 17 Ol- the Charities Acr 201 I to have due regard to the public benefit guidaiice published by the Chariiy Commission for England and Wales. Achievements and performance Covid-19 had a major impaci during ihe 2020121 financial year. During ihe course of the year. with three perilxls in lockdown. the fami was closed to visitors for over half the year. Knowing that there would be increased levels of anxiety and iSLilation amongst ihe public and the volunteer group we support, we immediately implemented a range of actions to positively respond. Over 120 volunteers received weekly phone calls and emails to check Iheir wellbeing,. Specific siippnrt plans were a£rccd for the 20 most vulnerable volunteers, with liaison with ¢xt¢rng1 support agencies to maintsin care pro£rammcs,' Resource packs and activities were digitally and physically sent to volunteers; Fami based learning pa¢ks and artivities were prepared in support of I￿al schools, home learning programmes. Although closed to the public and to volunteers, we made the decision to positively maintsin beneficial activities, albeit remotely. We worked to 'bring the farni to the people, as they couldn't come to the fam]; A Iiew website was laiiiiched and social media utili5ed, enablii)gF us to provide fatin iiem's and updates., 650 freshly prepared three course meals were delivered for two local homeless hostels and an independent livingj cominunity., We distributed fresh produce grow￿ at the fatin, plants and hanging baskets to foodbank5 and independent living communities. Page 4 Stonebridge City Farm Trust¢¢s' Report When restrictions were eased and we were able to open, we implemented a number of onsite operational adaptations iii order to protect the health and wellbeii)g of everyone, restricting iiumber5 aiid indoor g5atherings as required. Some of these adaptations will stay a5 they have proved to be a welcome additioii to the faTm's offer. Our efforts received positive feedback froin visitor5 aiid groups who came to the fatin. The pandemit has highlighted that the benefits we provide are even more relevant and useful. Helping to reduce isolation and promote good healtl) ai)d wellbeing for all has never been so important. Closure due to the pandemic meant that onsite trading ii)come and donations were significantly reduced. Every elyort was n)ade to access emergency funding opportunities. through grants. furloughing and other donatioi)s from individuals and local businesses. All costs were carefully controlled. Financial review 20201? I was the third successive year that the charity reported a financial surplus. It was £137,217 in this year. The improved level of reserves gives the charity greaier security, however, fundraising and growing all income streams, as well as controlling costs, remain a key f￿U$. Althoiigh the mix of funding streams was affected b}, Covid-19, pursuit of additional sources of income and a model of mixed income continues. Pursuit of multi-year fiinding arrangements and long-temi relationships is a priority. During the year, the Board of Trustees established a desi￿ated development fund to provide the financial resources required to investigate and establish plans for the ￿tUre development of Stonebridge City Fami. Puliry on reJerve The fami's reserves policy is to aim io hold reserves {ie backed by cash) which are sufticient to cover six months operating costs of approximately £198.600. Cash reserves of £237.670 12020.. £ l OJ.1461 is now meeting this larget. Principul riskf umduncerlainlies Financial sustainability is inextricably linked to the fami's ability to win grants and donations which support core activities. this situation had been exacerbated b}. cuts in local authority funding. We are aware that w¢ operate in an increasingl}, coinpetitive funding environment where funders, requircments are becoming ever Tnore rigoroiis. In response to these challenges tllJ5tees have recTUited a coinpletely new managernent team .hose skills and experieiice is already bearing fruit. Page 5 Stonebridge City Farm Trust¢¢s' Report Plans for future periods Aims kejy objeclivesf&rfutureperiods Our strategy focuses oil six priorities. l. Delivering iinpactful social oiitcomes. 2. Becoming a Community Beacon and being a vital community asset as a visitor centr¢, ¢diication centre and g trdining centre. 3. Creating aiid sustaining a vibrant visitor centre. 4. AchievingT carbon neutrality. 5. Achieving financial sustainability. 6. Ensuring strong leadership and a]1 effective team. Aciivlilesplartnedio &chieve alms Although progress on some prlijects was delayed by Covid-19 and ihe need tl) adapt, the Board remains focussed on the delivery of the strategy. Emphasis will be given to the further strengthening of governance, the potential devellipment of our facilities and the enhgnced delivery of impactful social outcomes, for visitors and volunteers. As a community charity, Stonebridge City Farni is in a strong position to grow and develop, so that even greater public benefit Can be achieved in Ihe yeaTS ahead. All this has been achieved throiigh the hard work and dedication of oiir wonderful staff and volunteers and I would like to take this opportunity to express our sincere th￿Ik5 to them. Statement of Tru5tee5' Responsibilities The trustees (who are also Ihe directors of Stonebridge City Farm for the pun)oses of company lawl are responsible for preparing the Iriistees, report and the financial siatements in accordance with the United Kingdom Accounting Siandards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustees to prepare fiiiancial statements for each financial year. Uiider company law the tru5tee5 IllU5t not approve the fiiiancial statements unles5 the}. are 5at15fied that they ¥ive a true and fair view of the state of affairs of the charitable coinpany and of its incomin¥ re50urce5 and applicatioii of resources, includin¥ its incoine and expenditure, for that period. In preparin¥ these financial statements, the trustees are iequired to.. select suitable accounting policies and apply them consistently,. obs¢rv¢ the methods and principles iii the Charities SORP; make judgements and estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been follL)wed, subject to any material departures disclosed and explained in the financial statements: and prepare the financial statements on the gFoing concern basis unless it is inappropriate to presume that the charitable company will coiitinue in b115iness. The trustees are responsible for keeping adequaie accounting records that are sufficient tl) show and explain the charitable company's transactions and disclose with reasonable accuracy at any time ihe financial position of the charitable company and enable them to ensure that the financial siatements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for raking reasonable steps for the prevention and detection of fraud and oiher irregularities. Page 6 Stonebridge City Farm Trustees, Report The annual r¢port was appmv¢d by the trust¢¢s of the ¢harity OD 27 Jgnyary 2022 and $ign¢d on its beh41f by.. aurz Smau eompAnl¢s provlsloD gtstement This report h&$ been prepartd in aecordattce with the Sm￿1 Companies regime under the Companies A¢1 2006. Page 7 Stonebridge City Farm Independent Examiner's Report to the trustees of Stonebridge City Farm Independent examiner's report to the tru5tee5 of Stonebridge City Farm ('the Compan> ) I report to the charity trustees oil my exatnination of the accounts of the company for the year ended 31 March 2021. Responsibilities and basis of report As the charity's trustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of Ihe Company are noi required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respert of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrving out my examination I have followed the directions given by the Charity Commission under section 145{5) (bl of the 2011 Art. IndepeThdent examiner s statement Siiice the Conipaiiy's ¥r05s incoine exceeded £250,(X)O your examiner must be a member of a body listed in 5eLtion 145 of the 201 I ALt. I coiifinn that l ain qualified to uiidertake the examinatioii because l am a member nd Fellow of the Associatioii of Charity Indepeiideiit Examiner5, wl)iLh is oiie of the listed bodies. I l)ave Lompleted my examination. I confiTm that no matters l)ave come to Iny attention in coi)nection with the examination giving me cause to believe that in anj material respect.. l. accounting records were not kept in respect of Ihe Company as required by s￿tIOn 386 of the 2006 Act; or 2. the account5 do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement thai the accounts give a 'true and fair, view which is iiot a matter considered as part of an iiidependent examination: or 4. the accounts have iiot been prepared in accordance with the method% and principles of the Statement of Recommended Practice for ac¢ounting alld reporting by charities lapplicable to charities preparing their account% in accordance with the Finan¢ial Reporting Standard applicable in ihe UK and R¢piiblic of Ireland (FRS 10?)]. I have i)0 concems and have come across no other Inatters in connection with the examii)ation to which attention should be drawn in this report in order to enable a proper understanding of the aecounts to be reached. John O'Brien Msc: FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottinghain NGI 5GL Date.. 2810112022 Page 8 Stonebridge City Farm Statement of Finaneial Attivities for the Year Ended 31 March 2021 (Ineluding Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) Unrestricted funds Restricted funds Total 2021 Total 2020 Note Income and Endowments fro￿. Donations and legacies Charitable activities Investment income 347,447 47,653 156 347,447 186,862 156 176,901 245,450 139,209 Total Income J95 ?56 139,209 534,465 422,5J2 Expenditure on.. Charitable activities {274.902} (122.3461 (397.2481 (393.171} Total Expenditure {274.902} (122.3461 (397.2481 (39J.171} Net iiicome 1?0.354 11,029 16,86i (11,029) 137,217 29,361 Transfers between ￿lldS Net movement in fvnds 131.38i 137,217 29,361 Reeoneiliation of funds Total funds brought forward 94,669 14,894 109,563 80,?02 Total funds catTied fonvard 20 ?26,(152 246,780 109,563 All of the charity's activities derive from continuing operations diiring the above two periods. The funds breakdown for 2021 is shown in note 20. Page 9 Stonebridge City Farm Statement of Finaneial Attivities for the Year Ended 31 March 2021 (Ineluding Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) These are the figure5 for the previous accounting period and are included for comparative purposes Unrestrieted Restricted Total funds funds 2020 Note Income and Endowments from: Doiiations aiid le¥acie5 Charitable activities Investment in¢ome 176,901 165,250 176,901 245,450 80,200 Total income 342,332 80,200 422,532 Expenditure on.. Chariiable activities {308,170) (85,001) {39i,171} Total expenditure {308,170) (85,001) (39i,171} Net incomel{expenditure) 34.102 (4,801) 29,361 Net movement in funds 34,162 (4,801) 29,361 Reconciliation of funds Total funds brought forward 60,507 19,695 80,202 Total funds carried fL)rward 20 94,669 14,894 109,56i Page 10 Stonebridge City Farni (RegistrwtioD number: 06509944) Bal4ne¢ She¢t Is at 31 Mareh 2021 2021 2020 Note Fi¥¢d ¥sJetJ T4n8ible Hs5et 12 13.138 4.759 Cllrrtnt asltts Stt*k5 Debtors C8sh at bank and irt h8nd 13 14 2.0 6.216 103.146 2,936 ?37,670 242.606 111.362 Credltord: AmoDAts falllD% due wlthln on¢ ye•r 16 {8.964 6.558 Net ?J3.642 104,804 Net a55ets 246,780 109.563 F•Dds of the ekarlty: Res¢rhet¢O Intomt funds Rcstrictcd fund5 20 20,728 14.894 Unrestrf¢t¢d ID¢ome funds Unr¢stric*d fvDd$ 226.052 94,669 Totsl funds 20 246.780 09,563 For the fhnan¢ial year ending 31 M?￿h 2021 the ¢harity was entitled to exemptkon frorn audit under section 477 ofthe Companke5 Act 2006 relating to Small companies. Llirtctors, resTK)nsibilities'. The mernbers have not wuir&J the charity to obtsin an audit of its ¥wunts for th¢ yeBr irt question in accordance with section 476- and The director5 aeknowledge their responsibiliti¢s for wnplyin8 with the requirements of the Act with re5pe