| Directors' Report | Pages3-20 |
|---|---|
| lndependentExaminer'sreport | Page 22 |
| StatementofFinancialActivities | Page 23 |
| StatementofFinancial Position | Page 24 |
| NotestotheFinancialStatements | Pages24-30 |
| Reference andAdministrativ | eDetails |
|---|---|
| CompanyName | Stepney CityFarm |
| RegisteredCompany | Number06855753 |
| Registered CharityNumber | 1136448 |
| RegisteredOffice | Stepney City Farm, StepneyWay, London,E1 3DG |
| StatementofFinancialActivities | ||||||
|---|---|---|---|---|---|---|
| For theyearended 31 March 2023 | ||||||
| Unrestricted | Designated | |||||
| Funds | RestrictedFundsFunds | Total Funds | ||||
| Note | 2023 | |||||
| INCOMING RESOURCES | f | € | ||||
| lncoming resourcesfrom | ||||||
| generatedfunds | ||||||
| Voluntarylncome | 2 | 123,223 | 169,656 | 0 | 292,879 | |
| ln\estrnent lncome-bank interest | 745 | 0 | 0 | 745 | ||
| Total lncoming Resourcesfromgeneratedfunds | 123,968 | 169,656 | 0 | 293,624 | ||
| lncoming resourcesfrom | 3 | 152,459 | 3,409 | 155,868 | ||
| charitableactivities | ||||||
| Total lncominq Resources | 276.427 | 73.065 | 0 | M9,492 | ||
| RESOURCESEXPENDED | ||||||
| Charitableactivities: | 4 | (245,263) | (132,578) | (45,527) | (423,368) | |
| FundraisinqCosts Total resourcesepended |
5 | (10,823) 0 0 1245,263l.(143,400)145,5271 |
(10,823) (4U,151) |
|||
| NET INCOME FOR THEYEAR | 31,163 | 2e,qs5$!,1?l) | I 5,301 | |||
| TransferFunds | (6,398) | 6,398 | 0 | 0 | ||
| RECONGILIATION OF FUNDS | ||||||
| Totalfundsbrought forward | 126,496 | 45,105 74,862 | 246,463 | |||
| TOTALFUNDS CARRIEDFORWARD | 81 169 | 261 764 |
| Balance Sheetasat31March2023 | Note | |||
|---|---|---|---|---|
| 2023 | 2023 | |||
| FIXEDASSETS | t. | t | ||
| Tangibleassets | 19,948 | |||
| CURRENTASSETS | ||||
| Debtors | 10 | 1 | 5,51I | |
| Cash atbank andinhand | 245,887 | |||
| 261,407 | ||||
| CREDITORS:Amountsfallingduewithinoneyear | 11 | (19,5e1 ) | ||
| NET CURRENT ASSETS | 241,816 | |||
| NETASSETS | {3 | 261 | ||
| RESERVES | 12 | |||
| Unrestricted funds | Generalresene | 151,261 | ||
| DesignatedFund Depn | 1 | 9,948 | ||
| Designated SiteFund | 9,387 | |||
| 180,596 | ||||
| RestrictedFunds | 81,168 | |||
| TOTALFUNDS | 261 |
| Unre$rictedRes{ricted Funds Funds |
Unre$rictedRes{ricted Funds Funds |
Unre$rictedRes{ricted Funds Funds |
TotaI | |||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2023 |
2023 | ||||||
| € | € | t | ||||||
| Ernest Cook Trust | 1 | 5,000 | 15,000 | |||||
| Ratcliff Trust | 20,874 | 20, | ||||||
| Farm Education | 956 | 956 | ||||||
| CityBridge Trust | 49,400 | 49,400 | ||||||
| GLA | 0 | 0 | ||||||
| OceanRegeneration | 5,000 | 5,000 | ||||||
| GLA Greener Cities | 0 | 0 | ||||||
| l'1des | 't7,626 | 17,626 | ||||||
| Vanguard | 0 | 0 | ||||||
| JackPetchey | 1,100 | 1,100 | ||||||
| London Borough | ofTowerHamletsSection106 | 0 | 0 | |||||
| Tower Hamlets Local Community | 9,528 | 9,528 | ||||||
| WaxChandlers | 0 | 0 | ||||||
| Canary Wharf Group | 5,000 | 5,000 | ||||||
| C[/S | 5,000 | 5,000 | ||||||
| Get Growing | 8,078 | 8,078 | ||||||
| PowertoChange | -Energy Costs | 1 | 0,000 | 1 | 0,000 | |||
| Tower Hamlets Carbon Reduction - Solar Panels | ||||||||
| Totals | 0 | 148,101 | ||||||
| Donationsftomindividuals | 19,2M | 0 | ||||||
| Donations from organisations | 103,374 | 0 | ||||||
| CoVd19Grants/Furlough claims | 0 | |||||||
| lnsurance claims | 605 | |||||||
| 't23,223 | 0 | 1 | 81 | |||||
| Total | Income | 223 | 656 |
| 3.INCOMINGRESOURCES FROM CHARITABL | EACTIVITIES-OPERATION OFFARM | ||
|---|---|---|---|
| TotalFunds | 2023 | 2023 | 2023 |
| UnrestrictedRestrictedTotal | Funds | ||
| Animal actiVties | 904 | 904 | |
| CorporateVolunteering | 63,441 | 63,441 | |
| Coursesand Workshops | 580 | 3,409 | 3,98S |
| Misc | 4,329 | 4,329 | |
| Hireof space | 66,755 | bb, | |
| SaleofFarmProduce | 16,449 |
| 4,RESOURCES EXPENDED-CHAR]TABLE ACTIVITIES | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Designated | Total Funds | |
| 2023 | ||||
| f, | s | € | ||
| Animals | 16,923 | 16,923 | ||
| Corporate | 28,3U | 28,3s4 | ||
| Gardening | 41,695 | 4 | ||
| Ciorernance | 800 | 800 | ||
| Depreciation | 0 | 11,114 | 11,1 | |
| Fundraising | 0 | 10,823 | 0 | |
| I\,4ain | 157,481 | 95,732 | 34,413 | |
| Farm education | 10 | 36,845 | ||
| Power To Change | 0 | |||
| 191 | ||||
| 5.RESOURGES EXPENDED-FUNDRASINGCOSTS | 2023 | |||
| Costofemployee time+Fundraise costs | ||||
| 6.NET INCOMING RESOURCES | ||||
| Netresources are stated after charging: | ||||
| 2023 | ||||
| Depreciation and disposal | 11, | |||
| lndependentb6minerFees |
| ortransactionentered into bytheCompany anypersonal interest 8. STAFFCOSTS |
duringthisorthe prevousye | ar.No other | person rela |
|---|---|---|---|
| Total | |||
| Unrestricted | ReslrictedFunds | ||
| 2023 | |||
| t | t | € | |
| Wagesand Salaries | 118,096 | 97,090 | 215, |
| Social SecurityCosts | 7.268 | 4,851 | 12,11 |
| Employer Pension Costs | 2,342 | 4,569 | |
| 127,591 | 104,283 | 231,873 | |
| Sub-contractorFees | 440 | ||
| 723 |
| The total number ofstaffemployed during the | yearvviasas follows: | |
|---|---|---|
| 2023 | ||
| Directlyengaged in activities | 11 | |
| Support and management | 2 | |
| Total |
| 9. TANGIBLE FIXED ASSETS | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total U/R | Total. | ||||||
| Fixtures | Fixtures | ||||||||
| Fittings& | Fittings& | It4otor |
|||||||
| BuildingsEquipment | Total | Equipment | Vehicles | Total | Total. 2023 |
iiififilfffirllii,' '2.S22,,:,,, |
|||
| COST | f | L | t | t | € | € | t | 'i,'iri:di+i' | |
| At1April2022 | 80,418 | 15,704 |
96,122 | 33,4666,445 | 39,911 | 136,033 | 132,888 | ||
| Additions | 3,145 | ||||||||
| Disposals At31 March2023 |
80.418 | 15,704 | 96.122 | 33,4666,445 | 39,911 | 1 | 36,033 | 136,033 | |
| DEPRECIATION | |||||||||
| At1April2022 | s6,294 | 15,704 |
71,998 | to,J26 | 6,445 | 32,973 | 104,971 | 93,857 | |
| Charge forthe year | 8,042 | 8,042 | 3,072 | 3,072 | 11,114 | 11,114 | |||
| At31 March2023 | 64,336 | 15,7M |
80,040 | 29,6006,445 | 36,045 | 1 | '16,085 | 104,971 | |
| NETBOOKVALUEAT31 MARCH 2023 | 16,082 | 16,082 | 3,866 | 3,866 | 19,948 | 31,062 | |||
| NET BOOK VALUEAT1APRIL2022 | )t 1tL | 24,124 | 6,938 | 6,938 | 31,062 |
| 2023 | ||
|---|---|---|
| g | ||
| Trade | Creditors | 15,421 |
| Taxes | and Social Security | 4,169 |
| 12,TOTALFUNOS | |||||||
|---|---|---|---|---|---|---|---|
| Desg'td | Balance | ||||||
| Balance lncoming Outgoing |
Site | 31Mar | |||||
| 1 Apt22 Re$urces ResourcesTrftoU/R |
AssetsFund | 202? | |||||
| Farm Education/Youth | |||||||
| General | 1,154 | 4,27', | 124 | 0 | 0 | 0 | |
| EmestCook | 15,000 | 15,000 | 15,000 | 0 | 0 | 0 | 15,000 |
| Tides | 5,670 | 17,626 | 10,263 | 0 | 0 | 0 | 13,033 |
| RalcliffTrust | 10,000 | 20,874 | 10,062 | 0 | 0 | 0 | 20,812 |
| Jack Petchey | 876 | 1,194 | 1,396 | 0 | 0 | 0 | 674 |
| C[/S | 0 | 5,000 | 2,504 | 0 | 0 | 0 | 2,496 |
| Communities | |||||||
| GetGrowing | 8,078 | 17 | 8,061 | ||||
| OceanRegeneration | 2, 708 |
5,000 | 6,688 | 0 | 0 | 0 | 1,020 |
| TowerHamletsLocalCommunity | 0 | 9,528 | 11,204 | 1,676 | 0 | 0 | 0 |
| CanaryWharfGroup | 0 | 5,000 | 942 | 0 | 0 | 0 | 4,058 |
| CEOSalary | |||||||
| CityBridge | 9,697 | 49,400 | 49,402 | 0 | 0 | 0 | 9,695 |
| General | |||||||
| PowertoChange -EnergyCosts | 0 | 10,000 | 8,983 | 0 | 1,017 | ||
| TowerHamletsCarbon Reduction-SolarPanels | 0 | 22,094 | 26,816 | 4,722 | (0) | ||
| Total | 45,105 | 173,065 | 14it,400 | 6,398 | 0 | 0 | 81,168 |
| DesignatedFund-TangibleAssets | 31,062 | 0 | (11,114) | 0 | 0 | 0 | 19,948 |
| DesignatedFund-SiteFund | 43,800 | 0 | (34,413|0 | 0 | 9,387 |
||
| GeneralResene | 126,496 | 276,427 | (245,263|(6,398) | 0 | 0 | 151,261 |
|
| Total UnredrictedFunds | 201,358 | 276,427 | (290,751) | (6,398) | 0 | 0 | 180,596 |
| TotalFunds | 246,463 | 449,492 | (434,',t911 | 0 | 0 | 0 | 261,764 |
| 13.ANALYSIS OFNETASSETSBETWEEN FUNDS | |||
|---|---|---|---|
| Tangible | Net | ||
| FixedAssetsCurrent Assets | Totals | ||
| €€ | E | ||
| RestrictedFunds | 0 | 81 168 | 8'l 't68 |
| UnrestrictedFunds | 0 | ||
| Designated Fund-TangibleAssets | 19,948 | 0 | 19,948 |
| Designated Fund-SiteFund | 9,387 | 0 | 9,387 |
| GeneralResene | 0 | 151,261151,261 | |
| 29,335 | 151,261180,596 | ||
| TotalFunds | 29,335 | 232,429261,764 |
| INCOMEANDENDOWMENTS FROM | Unrestricted RestrictedFunds | Unrestricted RestrictedFunds | DesignatedFunds | Total |
|---|---|---|---|---|
| Voluntarylncome | 81,485 | 148,101 | ))aEqA | |
| Charitable activities: | ||||
| Farming/EducationalActiVties | 119,896 | 0 | 0 | 1 19,896 |
| ln\€stmentlncome: | 0 | 0 | 0 | 0 |
| Bankinterest | 159 | 0 | 0 | 159 |
| TOTAL | 201,540 | 148,10'l | 0 | 349,641 |
| EXPENDITURE ON | ||||
| Farming/EducationalActiVties | (168,997) | (140,496) | (17,159) | (326,652) |
| NET INCOME FOR THE YEAR | 32,543 | 7,605 | (17,159) | 22,989 |
| Transfer between funds | (13,472) | 12,482 | 990 | 0 |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 118,527 | 25,017 | 91,031 | 234,575 |
| TOTALFUNDS CARRIED FORWARD | 137,598 | 45,'t05 | 74,862 | 257,565 |
| 15Allocationofsupportcosts onCharitable Activities2023 | |||||
|---|---|---|---|---|---|
| Costs | Salaries | Direct | SupportGovernanceTotal | ||
| Animals | 360 | 16,563 | 493 | 2 | 17,418 |
| Staff Grants | 69,397 | 37,158 | 95,074 | 386 | 202,015 |
| Farm education | 35,326 | 1,519 | 48,397 | 197 | 85,438 |
| Gardening | 38,683 | 3,012 | 52,995 | 215 | 94,905 |
| Totals | 't43,765 | 58,253 | 196,959 | 800 | 399,778 |
| 15Allocationofsupportcostson Charitable Activities | 2022 | ||||
|---|---|---|---|---|---|
| Costscontinued | Salaries | Direct | Support | GovernanceTotal | |
| Animals | 87 | 13,008 | 106 | 0 | 13,201 |
| Staff Grants | 95,541 | 10,452 | 116,489 | 546223,029 | |
| Farm education | 17,144 | 1 1qa | 20,903 | 98 | 40,398 |
| Power To Change | 9,577 | JJO | 11,677 | 5s | 21,647 |
| Greener Cities | 2,376 | 2,814 | 2,897 | 14 | 8,101 |
| Gardening | 6,436 | 662 | 7,847 | 37 | 14,982 |
| Totals | 131,161 | 29,527 | 159,919 | 750321,357 |