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 2022 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 li to23 Stonebridge City Farm Refer¢n¢¢ and Administrative D¢t#ils Tru5t¢es Lesley Vemon, Chair Clare Chrisp, Treasurer Linda Stevenson Elizabeth Bennett Trevor Smallpiece Lucy Marsh Danielle Von Suskil Gary Roughan-C(x)k Emily Newbury Lucy Brom Peter Armitage Heather Slat¢r Senior Management Team Karen Kemp Tara Bennett Marie Wood Charity Registration Number 1125245 Company Registration Nu￿ber 06509944 Registered Office Stonebridge Road St Ann's Nottingham NG3 2FR Independent Examiner John O'Brien, employee of Community AccountiiibF Plus Units l & 2 Nortl) West 41 Talbot Street Nottingl)am 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 2022. Trustees and officers The trustees and officers serving during the year and sin¢e the year end were as follom's.. Trustees.. Lesley Vemon, Chair {appointed 24 May 20221 Clare Chrisp, Treasurer Linda Stevenson Elizabeth Bennett Trevor Smallpiece Lucy Marsh (appointed 24 May 2022) Danielle Von Suskil (appointed 24 May 20221 Gary Roughan-cook (appointed 24 May 2022) Einily Newbury (appointed 24 May 2022) Lucy Brown Laura Summers (resigned 24 May 20221 Luke Raddon Jacksoi) (resiJ(T ed O l Maich 2022) Structure? governance and management Naitsre ofgovernlng doeAmertl 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 capital and the liability of each member in the event of winding-up is limited to £ l. Recruilmenl uppoinlmefrtl ofiruslees Each year 3 trn%tees stand down alld potential new truste¢s submit an application to become a trustee. If they satisfy the required criteria the applicants present th¢ms¢lves at the AGM and members vote on appointments. Introdu¢tion Sionebridge City farm was set up in the late 1970-s and officially opened in 1979, to provide a much-needed green space in a neivly regenerated area of the city, St. Ann's. Toda}. the farm is a charity-run initiative. It is a free community resource - a slice of the countryside in the heart of the City of Nottingham. The Centre is open every day and provides a working fami environment for visitors across the East Midlands, whilst also providing the platform for developing people M'ith a leaming disability or a mental healih challenge. The site is accessible to all and is popular with schools and colleges. Our Vision "To be a special pla¢¢: loved by th¢ community." Our Mission 'Stonebridge City Farni helps people through 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 p¢rforman¢e Covid-19 Covid-19 still had an impact diiring the 2021122 financial year, with increased awareness of and focus on mental health, anxiety and social exclusion. For Stonebridge City. Farm this imparted the public who visited the fami and th¢ volunteer group w¢ support. The iinpact of our Th'ork to provide an iiiteresting.. safe and free-to-eiiter facility. for local faTnilies togFether with Tneanin¥Fful support for volui)teers, schools. collegFes and other communitj. gTOUPS was even more relevant and useful followiiig the impact of the pandeinic. Helping to reduce i501atioii and promote gFood health and 'ellbeing for all has never been so important. Page 4 Stonebridge City Farm Trust¢¢s' Report Sumrnary of the 2021-22 Year Inevitably. the pandemic contii)ued to have a signifJcai)t impact on the fann's operations. We reopei)ed after the third lockdowii on April l?th with coiitinued regtrictions and additional safety Ineasures and guidance iii place. Visitors ￿'ere queueing down the streetl We were extremely busy and many people were visiting for the first-time. The volume of applications to volunteer with us meani we always had a waiting list and there were also increased requests from people with higher support needs. Activities with schools and team volunteer days for local businesses did not retum to pre-pandemic levels with the restricted approach to group aciiviiies. New activities alld collaboraiions were initiated ￿'ith a particular emphasis on workillg with young people vulnerable to crime. KEY HIGHLIGHTS DURING THE YEAR Visitor5 Demand has been extremely high and we reached a peak of 190 (170 in 2020121) volunteers a week during the summer. Work commenced on a new database which will enable us to more efficiently capiure key volunteer inforniation and outcomes and help speed the application process. Volunteer development workshops were held covering a variety of topics such as Customer service, money managcment, IT and internet safety, team building and communications. We also further updated our safcguardiiig practises to ensure a proper response to critical issues and siipported volunteers with issues such as hoiising. employment and benefits. Local Groups During the year we worked with six new groups including a collaboration with Skill Mill (an employability project for young ex-offenders} and Nottinghamshire Police (for youllg people idemtified as viilnerable to crime). English language workshops were hosted for local people. Team Volunteer Days for local businesses were still affected by restrictions but we were selected by six new organisations as Iheir Charity of the yew and volunteer days are now planned. Schoo15 and Colleges Although school visits were also reduced due to restrictions, bookings have again commenced and we anticipate a busy year ahead. We have been working with Notiingham College to provide support to their Animal Care courses, Levels 1. 2 and 3. Demand for work experience placements was extremely high and we provided places for 65 siudents. Page 5 Stonebridge City Farm Trust¢¢s' Report Finaneial revie ?021122 ￿'aS the fourth successive year that the charity reported a financial surplus. It was £96,743 in th¢ year {£137,?17 in20201?1). The improved level of cash in reserves: from £237,000 to £336,000 gives th¢ ¢harity greater s¢ciirity, however, ndraising and growing all in¢ome streams, as well as controlling costs, remain a key fwus. AlthoubFh the mix of ￿nd11)LY streams wa5 affected by Covid-19, pursuit of additional source5 of incoine and a model of mixed incoine continues. Pursuit of multi-year funding atTangements and long-term relationships 15 a priority. Diiring the year, the Board of Trustees established a designated development fund of £150,000 to provide the rinancial iestsurces required to investigate and establisl) plans ftsr the future development of Stonebridge City Fami. Poliry oll reserves The farm's reserves policy is to aim to hold reserves (i.e. backed by cash) which are sufficient to cover six months operating costs of approximately £?08,000 12021.. £198,600}. Cash reserves of £336,600 (2021.. £237,670} is now meeting Ihis tsrgei. Principul risk5 aud un¢erlainlies FinaKciol s￿1￿{￿￿billty FiiianLial 5UStainability 15 iiiextriLiibly liiiked to the fami's ability to win ¥raiits and donations MhiLh siipport core activities; thi5 Sltuatioii had been exaLerbated by cuts in IoLdl authority funding. We are awaie that we operate iii an iiicreasiiigly Lompetitive funding environment Whe￿ fundtrs, requirements are becoming ever Tnore rigorou5. In resp0115e to these challeii¥es trustees have recruited a coinpletely new n)anagement team whose skills and experience is already bearing fruit. Plans for future period5 Alms and objectlvesforfutureperiods Looking Ahead Our strategy focuses on six priorities-. l. Delivering impactful social outcomes. 2. Becoming a Community Beacon and being a vital community asset as a visitor centre, education centre and a training centre. 3. Creating and sustaining a vibrant visitor centre. 4. Achieving carix)n neutrality. 5. Achieving financial sustsinability. 6. Ensuring strong leadership and an effective team. Although progress on some proj¢rts was delayed by Covid-19 and the n¢ed to adapt, th¢ Board remains focussed 011 the delivery of the strategy. Emphasis will be given to the further strengthening of governance, the potential development of our facilities and th¢ enhE￿¢¢d delivery of impactful social outcomes, for visitors and volunteers. Page 6 Stonebridge Cih. Farm Trustees, Report II'oTk" lias a150 begun oil tlie d¢ielopTnent of an updiil¥d straieg>' and consideratioti is now. being giveii 10 how th¢ f?cilili¢% 31 th¢ fartn cun de developed in the tutute In order to achiei'e more tor the people N¥t siipport. As a communtty charlt). Sliinebridgc C'iry Farm is in a stroiig po8ltion to grow. and dev¢lop. so tlJat even ¥[￿ater publrc benetTt Lan be achiei'¢d in th¢ >'eaT% dhead. All Illi5 has been aihiei'ed through rhe liard wY)rk drjd dedir¢ltioR ot'gur wo#d¢rfiil 5taft.artd volunteers and I would like to take thi.% opponunits, to expres5 our sinc¢re thanks io theni. L¢51¢> V¢rnon Chair oFTNsle¢5 StAtemenl ofTruslees' Responsibilitie5 The Irusiees Iwho are also Ihe direLlors of Sionebridgle Cilj Fami for Ihe piirposes of comp4gll!' lawl ar¢ r¢5ponsibl¢ for pr¢paTingJ ih¢ tru5tee5' r¢puri MtHJ th¢ linaiiiial slat¢m¢nts iii aLwrdaiii¢ M'ith th¢ Llniied Kingdom .4Lcountiii¥ Stzndard5 ILlI)ited kingFJom Generdlly .4ciepted .4tLounting PracliLel 2nd applicable la and re¥iilations. 'Fhe report and accounts have been preptired In aLcordanie wilh ihe pn)visions in ihe C.oinpani¢s Acr ?006 rclating io sniall companies. ( oinpaiiv law requires ihe tru.sl¢es to prepare finaiicial ￿alcrnents for each fJn&nLial Jear. Llnder compatty law the Inisiees mu.*1 iiot ttppr()ve th¢ fiiiortcial ￿latel￿ents unless they are saiisfied that the> gil'e a iriie and fair iiew of Ihc siaie of allairs of the Lhantxble compaiiy and of it4 inroniin¥ resources and applicaiion of rewurce incliiding its income and expendiriire. for thai period. Jn preparing these tinaneial statemen1& th¢ tTUSttts are requir¢d to.. elrct suituble accountiTrg policie5 and apply th¢ni consisleiiily; obsen'e the methods 2nd prin¢ipl¢s in th¢ ChaTitie5 SOJIP.. make judgeim¢n¢s and ¢stiTn?t¢s that aTe reasonable and prudent.. state ivhetlier appliLabl¢ L.K AcLiiunting Standards have been folloived. subject to any maierial departure5 diSLlosed and explairted In the finanLial 5tatetn¢nts: and prepare the financi81 siatemenis ort the ¥oin¥ ron¢eTn ba5ig unl¢ss it is inai)propriate to presume thag rhe hayitable coimpany will continiie in biisiness. The trusle¢s ar¢ r¢£pL)li￿Ibl¢ for ke and li¢n¢e for taki118 reasonable steps for the prevention and detection of fraud and other irregularities. SMAII tompAnie$ provision Stytement This report has b¢en prcpartd in accordance with rhe small companies regtme under the Companies.4rt ?006. The annual Teport Iva5 appfoved by the trugte¢s of th¢ rharity on 7 Decernber 20•2 signed on ils beha]f b),: Lesley ￿'ernon Trustee Pig¢ 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 202? 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. Jolin O'Elrieii Msc: bLLA, FLIE, 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.. 911212022 Page 8 Stonebridge City Farm Statement of Finaneial Attivities for the Year Ended 31 March 2022 (Ineluding Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) Total 2022 Total 2021 Unrestricted Restricted Note Income and Endowments fro￿. Donations and legacies Charitable activities Investment income 210,878 137,596 210,878 301,784 347,447 186,862 156 164,188 Total Income J48.588 164,188 512,776 534,465 Expenditure on.. Charitable activities {263.323} (152.7101 (416.0331 (397.248} Total Expenditure {263.323} (152.7101 (416,0331 (397.248) Net iiicotne 85,?65 11.478 96,74i 137,?17 Net movemeiit in funds 85,265 11.478 96,743 137,217 Reconeiliation of funds Total funds brought forward 226.052 20,728 246,780 109,56i Total funds catTied fo￿vard 16 311,i17 32,206 343,i23 246,780 All of th¢ ¢harity's activities derive from continuing operations during the above two periods. The funds breakdo￿￿ for 2022 is shown in note 16. The i)otes On pages 13 to 23 form an integral part of these financial statements. Page 9 Stonebridge City Farm Statement of Finaneial Attivities for the Year Ended 31 March 2022 (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 Unrestricted Restricted Total funds funds 2021 Note Income and Endowments from: Doiiations aiid le¥acie5 Charitable activities Investment in¢ome i47,447 47,653 156 i47,447 186,862 156 li9,209 Total income 395,256 139,209 534,465 Expenditure on.. Chariiable activities {274,902) {122,346} {397,248} Total expenditure {?74,902) {122,346} (397,248} Net income Transfers between funds 120,354 11,029 16,863 (11,029) 137,217 Net movement in funds 131.383 5,8?4 137,217 Reconciliation of funds Total lunds brought forward 94,669 14,894 109,56i Total funds Carried forward 226.052 20.728 246,780 The i)otes On pages 13 to 23 form an integral part of these financial statements. Page 10 Stonebridge City Farm {Registration number: 06$09944) B91ance Sheet as at 31 March 2022 2022 2021 Fixed #ssetj Tangible a%s¢ts Current assets 6.684 2.000 2.().16 •37.670 Debiors Cash at bank and in hand ?.640 -1.36.603 J41 ?43 241.606 Cr¢ditors'. Amounts falling due within one year i et ellrre￿t a55ets 14.4041 18.9641 2.7.1.64 Net assets 143.5?3 ?46.780 Fuitds of the chRrity: Restricted ittcomt funds Rc5rricled funijs 16 20,7?8 IINresirbcted intome fund5 E Inr¢5tricied fund ?96.051 Toi*l 16 343.5?3 246.780 For the financial >ear endiiig.I l March 20?2 the charity i￿5 ¢nlitled io exemption from audit undtr section 477 of the ComtMnies.4cl 7006 r¢lating to small compAnies. DirectOT4' fesponsibilili¢s'. Th¢ ffiejnbers hav¢ noi required th¢ rharity lo obtain an audit of lis a¢¢oiints for the ￿tar in qiiestion i accordaiiee with seclian 476: The dIr¢clo￿ acknawlediJ¢ Ibeir reskx)nsibiliti¢s for complyin¥ wtth the requir¢nients of the Acr ￿1th respeLI to accouniinx TecoTds and the prepaT4tion otr &ciovnt5. These financial 5ta¢¢menls h2ve b¢¢n prepared in accardanLe with the spelial provisions relating to compan&es subject tu th¢ small ci)mpanies rcgime within Part 15 ofthc Cotnpanies .Ict 1006. The financial slarernettts on pages 9 to 2.) were approv¢d b), the tru*¢¢s. and authoris¢d for issu¢ 7 Dectmber ?0?2 and signed on iheir behalf bv.. Clar¢ C-hri$p Trustee The notes on pages 13 10 ?3 form an integrBI pan of these financial siatemtnts. Page I I Stonebridge City Farm Statement of Cash Flow$ for the Year Ended 31 March 2022 2022 2021 Note Cash tlows from operating activities Net cash income 96,74i 137,217 Adjustments to cash nows from non-cash items Depreciation Investment income 6,454 8,053 {156) 103,083 145,114 Working capital adjustments Decrease in debtors {Decrease)lincrease in creditors 10 296 14.560} 3,280 2.406 13 Net cash flows from 0￿ratIng activities 98,819 150,800 Cash t10￿S from investing activities Interesi receivable and similar income Purchase of taii¥ible fixed assets 156 116,4i2} Net cash f]ows from investing activities Net increase in cash and cash equivalents 116.276) 134,524 Cash and cash equivalents at l April 2i7,670 103,146 Cash and cash equivaleiits at 31 March 3i6,603 237,670 Reconciliation of llet cash flow to ￿0Vement in llet fund5 Increase iii cash 134,524 Net funds at l April 2021 237,670 103,146 Net fund5 at 31 March 2022 336,603 237,670 All of th¢ ¢ash flows are derived from continuing operdtions during the above two periods. The i)otes On pages 13 to 23 form an integral part of these financial statements. Page 12 Stonebridge City Farm Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 Aeeounting polieies Sumrnary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparaiion of these financial statsments are sei out below. These policies have been consistently applied to all ihe years presented, unless otherwise stated. Statement of eomplik)nee The fingncial statements have been prepared in accordance with Accounting and Reporting by Chariiies.. Statement of Recommended Practice {applicable to chariiies preparing their accounts in accordance with the F inancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021) {issued iii October 20191 (Charities SORP IFRS 102)), the Fillancial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) alld the Companies Aci 2006. Basis of preparation Stot]ebridge City Farm ineets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recogjiised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going coneern The financial stalemeiits have been prepared on a going concem basis. The trustees assess whetl)er the use of goiiig conLetli 15 appropriate i.e. whether tl)ere ale any material uncertainties related to events or conditions that may cast significant doubt oli the ability of the charity to coiitinue as a ¥oiii¥ LonLern. The trustee5 tnake thi5 as5es5ment in respect of a period of one year frotn tl)e date of approval of the financial statements. Exemption from preparing a cash now 5tat¢ment The charity opied io adopl Bulleiin I published on 2 February 2016 and have therefore not included a cash flow siatemeni in these financial statements. Income 8nd endowments Voluntary income including donations, gifts. legacies and grants that prlivide core funding or are of a general nature is recognised when the charity has eniitlement io ihe income. li is probable thai the income w'ill be received and the amouni can be measured wilh sufficieni reliabiliiy. Donfil{￿n.% and legucie.s Donations are recognised when the charity has been notified in ￿ltIng of both the amount and settlement date. Gruiits receivable Grants are recognised when (he charity has an entitlement to the funds and any conditions linked ro the grants have been met. Page 13 Stonebridge City Farm Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 Expenditure All expcnditiir¢ is r￿Qgnised once there is a legal or constructive obligation to that ¢xp¢nditur¢, it is probable settlemcnt is required and the amoiint can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregaie similar costs to that ¢ategnry. Where cost% cannot be dire¢tl}' attribiit¢d to particular headiiig% they havc been allocated on a basi% con%istent with the use of resoiirces, with Central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of th¢ asset's use. Other support costs are all￿ated based oii the spread of stsff costs. Chtsrltthble aeilvliles c.haritable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneliciaries. It includes both costs that cai) be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxatio The charity is CL)nsidered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the defiiiition of a charitable company for UK corporation tax purposes. Accordingly, the chariry is potentially exempt from taxation in respect of income L)r capital gains received within categories covered by Chapter i Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to chariiable purposes. Tangible fixed assets Individual fixed assets costing £500.00 or more gre initially recorded at cost: less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreeiation and amortisation Depreciation is provided on tangible fixed assets so as to }￿TIte off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. A55et class Buildings Fixtures & fittings IT equipment General equipment Depreciation rnethvd and rate 6.670/0 oii a straight line basis 20.0 /0 on a straight line basis 33.3 /0 on a straight line basis 10.OQ/o on a straight line basis Stock Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow Inoving stocks. Cost is detem)ined usii)g the first-in. first-out {FIFO). Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary Lourse of business. Trade debtors are recognised initially at the transaction price. The}, are subsequently measured at amortised cost using the effective interest method. less provision for impaimient. A provision for the impaimient of trade debtors is established M,hen there is objective evidence that the charity will not be able to collect all amounts due according to rhe Liriginal tern)s of the receivables. Page 14 Stonebridge City Farm Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 Cash and eash cquivalcnts Ca%h and cgsh cqllivalcnts ¢omprise ¢ash on hgnd and ¢all deposits, and other short-tem) highly liquid investment% that are readily convertibl¢ to a kno￿Th amount of ¢ash and are subjert to an insignificant risk of ¢hange in value. Trade ereditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary. coiirse of hu%iiiess from suppliers. Accounts pa}'able are cla8%ified a% ciirrent liabilities if the ¢harity does not have an unconditioiial rifwht, at the end of the reporting period, to defer Settlement of the creditor for at least N".elve moiiths after the reporting date. If there 15 ali unconditioiial riLFht to defer settlement for at least twelve months after the reportingF date, they are presented as non-cu￿t￿t liabilities. Trade creditors are recogni5ed iiiitially at the transaction price and 5ub5equently measured at amortised cost usiiibF the effective interest Tnethod. Fund structure Unrestricted income funds are general funds that are available for use at the trustees, discretion ii) furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Restricted income funds are those grants for use iii a particular area or for specific purposes, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which 15 a pension plan under which fixed contributions are paid into a pension fund aiid the charity has no leual or constrLlCtive obli¥atioii to pay furtlier contributions eveii if the fund doe5 not hold Sufficient a5set5 to pay all employees the benefits relatin¥ to employee Service iii the cutTent and prior periods. Coiitributions to defined contributioii plan5 are recogni5ed iii the Stateineiit of Financial Activities when they are due. If contribution payments exceed the contribution due for Service, the excess is reco¥ni5ed as a prepayment. 2 Income frorn donations and legaeie5 Unrestrieted lunds General Total 2022 Total 2021 Donations ai)d legaeies; Donations from companies, trust5 and Similar proceeds DonatlOll5 from individuals 70,86i 78,131 i71 70,86i 16.662 81,497 1,931 Gift aid reclaiined Grants, including ¢apital grants., Government grants Grants from other charities 371 13,925 47,588 13,925 47,588 77,538 169,819 210,878 210,878 347,447 Page 15 Stonebridge City Farm Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 3 Income from eharitable activities Unrestri¢¢ed Restricted fund5 Total 2022 Total 2021 General Grants & donations Room hire Sales & fees Sundry receipts 164,188 164,188 1,525 134,139 139,?09 1,525 134,132 1,939 47,478 175 137.596 164,188 301,784 186,862 4 Grants & donations Unrestricted fund5 Restricted fund5 Total The National Lottery Community Fund The Nottingham Biiilding Society The Albert Gubay Charitable Foundation Trusihouse Charitable Foundation Garfield Weston Foundatitsn Lexis Nexis The Make Notts Safe Fund The Bailey Thomas Charitable Fund The Nottingham City Council The Renewal Trust Bird & Blend Tea Company J N Derbyshire Trust The Fonnaii Hardy Trust The Thomas Farr Charity The Hilden Charitable Fund Nelson Solicitors Nottinghamshire County Council LIS NFU Mutual Encompas5 Group CLA Charitable Trust HMRC (JRS Covid Grant) Charities Trust The Gray Trust The Winnifred Poiier Charitable Trust D2N2 Growth Hub The Nottinghain General Dispensary Masons Experian 83,185 83,185 i8,500 30,675 16,000 15,000 I 1,000 9,400 8,000 7,902 7,900 6,590 6,000 6.000 5,000 5,000 3,787 3,750 3,226 2.550 2,500 2,?7j 2,208 2,000 2,000 1,778 1,500 1,300 1,100 38,500 30,675 16,000 15.000 I],￿)0 9,400 8,000 7,902 7,()00 6.590 6,000 6,000 5,000 5,000 3,787 3,750 3,226 2,550 2,500 2,273 2,208 2,000 2,000 1,778 1,500 1,300 1,100 Page 16 Stonebridge City Farm Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 Unr¢5tricted fund5 Restricted fund5 Total Groundm'ork The Alison Hillman Trust Mary Potter Convent Hospital Trust An)old Clark The Paget Trust The Labone Charitable Trust 1,000 1,000 1,000 1,000 1,000 1,000 1.000 1,000 980 1.000 1,000 I,(x)o i.(x)o The ASDA Foiindation The Rank Foundation AWLymn Nottingham Trent University Warburtons Coinniunity Grants Gift Aid Sundry grants and donations 980 750 750 750 560 750 560 400 400 i71 79,131 371 79,131 210,878 164,188 i75,066 5 Investment income Unr¢stri¢ted funds General Total 2022 Total 2021 Interest receivable and similar income; Interest receivable on bank deposits 156 Page 17 Stonebridge City Farm Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 6 Expenditure on eharitable activities Unrestri¢¢ed Restricted fund5 Total 2022 Total 2021 General Bank charges Barn costs Cleaning & hygiene Depreciation Equipment. repairs & renewals Events & activitie5 1,861 19,211 6.647 6,454 2,725 150 529 2,390 18,723 5,123 8,053 8.679 1,294 7,480 2,940 9,900 578 1,722 20,142 1,560 525 817 17,271 402 2.100 1,017 1,249 11,689 6,121 267,803 1,278 7,925 6,454 4,925 950 2,200 800 Garden costs 6,004 2,510 6,108 50 739 17.776 834 700 331 39,799 1.243 1,795 731 7,799 3,241 8,586 381 1,183 20,776 Insurance l.egal & professional Marketing Payroll service Premises tnaintenance & Security Printing & stationery Publications & subscriptions Rent & rates Shop & cafe StatT expenses Stal'f training Suiidry expe115es Telephone, inteTnet & postsge 2,478 331 444 3,000 i91 700 i33 39,799 ,3i5 202 92 183 2,580 8,050 2,490 136,878 18i 2,90i 11,026 4.309 270.199 323 2,976 1,819 133,321 Volunteer expenses Wages, Nl & pension ?6j,323 152,710 416,033 397,?48 7 Net iNcomingloutgoing resources Net incoming resources for the year include.. 2022 2021 Depreciation of fixed assets 6,454 8,05i Page 18 Stonebridge City Farm Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 8 Staff eosts The aggr¢gat¢ payroll costs were as follows.. 2022 2021 St8ff £0s¢s during the year were: Wages and salaries Social security costs Pension costs 251,588 14,107 4,504 250,491 4,336 270,199 267,803 The monthly average number L)f persons (including senior management team) employed by the charity during the year was as follows.. 2022 No 2021 No Average number of employees 14 15 10 (2021- 11 l of the above employees participated in the tkfined Contribution Pen5ioiI Schemes. Contributions to the employee pensioi) ￿heMeS for the year totalled £4,50412021- £4,336). No ¢mploye¢ re¢eiv¢d emoluments of more thgn £60,000 diiring the yew. The tothl employee benefits of the key management personnel of the chariry were £168,220 (2021- £161.319). The number of employees included in the above payments to key management personnel was 6 (2021.. 6} 9 Cash and cash equivalents 2022 2021 Cash on hand Cash at bai)k 237 3i6,366 294 237,376 J36,603 237,670 10 Debtors 2022 2021 Prepayments Other debtors 1,220 1,716 1,522 2,640 Page 19 Stonebridge City Farm Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 I l Tangible fixed assets Leasehold Land and buildings Fi￿t￿re5 & rittings General equipment IT equipment Total Cost At l April 2021 155.055 7,650 25,017 900 188.622 At 31 March 2022 155.055 7,650 25,017 900 188.622 Depreciation At l April ?021 Charge for the year At i l March 2022 154,596 231 6,003 842 14,435 5,291 450 90 175,484 6,454 154,827 6,845 19,726 540 181,938 Net book valut At 31 March 2022 228 805 5,?91 360 6,684 At i l March 2021 459 1,647 10,582 450 13,138 12 Stock 2022 2021 Stocks 2.000 13 Creditors: amounts falling due within one year 2022 2021 Trade creditor5 Other taxation and social security Other creditors 10 3,044 1,350 2,999 3,763 2,202 4,404 8,964 Page 20 Stonebridge City Farm Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 14 Charity status The charity is a company limited by guaraiite¢ and con%eqiientl}' does not have share capital. Each of th¢ trustee5 15 liable to contribute ali amount not exceeding £1 towards the asset5 of the charity iii the event of liquidation. 15 Commitments Capital commitments At 31 March ?021 the charity had non-cancellable commitments under at] operating lease for Land & buildiiigs. The annual rent is set at £817 and the lease rLli)s until ?04). The total ￿noU￿t contracted for but not provided it] the financial statements was £18,791 (2021 £19,608). 16 Funds Balance at 31 March 2022 Balance at I April 2021 Incoming resources Re50uree5 expended Tran5fer5 Unrestricted funds Gener@I Geiieral Fund 226,052 348,588 (26i,323) (150,0(N)) 161,317 Designuled Development fund 150,000 150,000 Total unrestricted funds 226,Oi2 348,588 (26i,323 311,317 Restricted funds Activity days (Make Notts Safe) Residents in Notts (Winnifred Poiier) Garden tund Volui)teers (Lottery) IT equipment Fann rnnning costs (Lottery) Volunteers training & recrnitment Salaries {Albert Gubay & Bailey Thoma%) 9,400 (6,875) 2,525 2,000 (1,000) (1.295) (7.360) (2 ?00) 173,i60) 1,000 1,295 9.825 2.528 73,360 2,465 3.441 3,113 16,320 28,400 142,420) 2,300 38,675 118,200) 20,475 Total restricted funds 20,728 164,188 152.710 32,206 Total funds 246,780 51?,776 (416,03J) i43,52i Page21 Stonebridge City Farm Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 Balance at 31 March 2021 Balance at I April 2020 Incoming resources Re50urce5 expended Tran5fer5 Unrestricted funds Gener￿1 General Fund 94,669 395,256 (274,902) 1,029 226,052 Restricted Core costs (Jones 1986) Rabbit Hutches Gardeii luiid IT equipn)ent Farm rlliiniiig costs ICLA) Fami rnnning costs (Lottery) Young people with disabilities Volunteers training & recruitment 15,000 115.000) (1.020) (1,38i) (5,40J) (2,500) 17i,i601 1,020 374 2.304 19,545 2,500 73,360 1,295 111.0291 500 (500) 13,500 26.000 123,180) 16,320 Total restrieted lunds 14,894 139,?09 (122.346) 111,0291 20,725 Total funds 109,563 534,465 (397,248) 246,780 The specific purposes for whi¢h the funds are to b¢ applied are as follows.. This year we hav¢ the following restricted funds.. The funding received from the Jone% 1986 Charitable Trust was to help towards core costs., The funding received last year from the Petplan Charitable frust wa5 for the purchase of rabbit hutches; The Gardeii fund was funding received from the Hardy Plaiit Society last year and fiirther funding from the National Garden scheTne wa5 received this year. This is for the purchase of plants for the gFardens,' This year'5 IT equipment ￿lid helped with the purchase of laptops and a database, the funding was received from Edward Gostling, Nottinghamshire Cominuiiity Foundation and Evaii Coniish., There are 2 fund5 for farm rllnninbT Costs, the funding wa5 received from CLA Charitable Trust aiid the National Lottery Community Fund. This funding was used to help siipport the generdl running costs to keep the fami open; The fui)ding ieceived from the Amanda Lee Charivdble Trust was for the work and support given to young people witl) disabilities who work at the fam., The Volunteers, traiiiing and recruitment fund it)cluded fui)ding received fn)m Trusthouse, the February Foundaiion. the Hobson Charity. the Gra}. Trust and the Gordon Memorial Trust. this helped with the training of volunteers, volunieer expenses and purchasing t-shirts. The transfer of £150,000 from the General fund to designated funds was to fomi a new Desig]iated Development Fund. This fund has been created to provide the financial resources required to investigate and establish plans for the futiire development of Stoiiebridge City Farm. Page 22 Stonebridge City Farm Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 17 Related party transaetions There were no related pgty transactions in the year. 18 Fees payable to independent examiner Duiing the peiiod, the fees payable (ex¢ludii)g VAD to the charity's independent examiner Community Accounting Plus are analysed as follows.. 2022 2021 Indepei)dei)t examiiiation 1,350 ,310 19 Taxation The charity is a registered charity and is therefore exempt from taxation. 20 Trustee5 remuneration and expenses No trustees, nor any persons connected with them. have received any remuneration from the charity during the year. No tnjstees have received any reimbursed expenses or any other benefits from the charity diiring the year. 21 Analysis of net assets between funds Unrestricted 2022 Total funds General DesigThated Restricted Tangible fixed assets Current assets Current liabilities 6,684 159,037 (4.404) 6,684 341 ?43 14,404} 150,000 Total net assets 161,i17 150,000 j2,?06 i43,52i Unrestrieted 2021 Total funds General Restrieted Tangible fixed assets Current assets Current liabilities 13.138 221,878 (8,964) 13,138 242,606 18,964) 20,728 Total Jiet asset5 296,052 20,728 246,780 Page 23