OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:03 BST (UTC +1) D 3/4 P 1/26

Company registration number: 07673069 Charity registration number: 1142593

OUSEBURN FARM CHARITY LIMITED

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 March 2022

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:03 BST (UTC +1) D 3/4 P 2/26

Ouseburn Farm Charity Limited

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 5
Chairman's Statement 6 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Financial Statements 12 to 24

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:04 BST (UTC +1) D 3/4 P 3/26

Ouseburn Farm Charity Limited Reference and Administrative Details

Chairman

I Brown

Trustees

I Brown J Thornton J Hartley C Singleton A J Philpotts L Patterson M Graham R Turner M P Ross (appointed 29 April 2021) N J Bramley (appointed 29 April 2021) D C Male (appointed 29 April 2021) C A Kirkham (appointed 29 April 2021) S Penhall (appointed 29 April 2021)

Registered Office

St Silas Church Building Clifford Street Newcastle upon Tyne NE6 1PG The charity is incorporated in England and Wales.

Company Registration Number 07673069 Charity Registration Number 1142593 Solicitors: David Gray Solicitors LLP 56 Westgate Road Newcastle Upon Tyne NE1 5XU

Independent Examiner Simon Brown BA ACA DChA Azets Audit Services Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS

1

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:04 BST (UTC +1) D 3/4 P 4/26

Ouseburn Farm Charity Limited

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2022.

Structure, governance and management

Nature of governing document

Ousebum Farm Charity Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. The charity was incorporated on 16 June 2011 (company number 07673069) and registered as a charity on 27 June 2011 (charity number 1142593).

Recruitment and appointment of trustees

Trustees are appointed by Tyne Housing Association in accordance with Ousebum Farm Articles of Association. The present trustees have considerable knowledge and expertise of management and promotion of Ouseburn Farm.

Induction and training of trustees

All new trustees receive an induction covering their roles and responsibilities, legal implications of the trustee role and background to the organisation. Additional training is made available as needed matched to individual requirements.

Organisational structure

Overall management is delegated by the trustees to the Senior Management of Tyne Housing Association Limited who operate the charitable company in line with the policies approved by the trustees.

The Trustees of the charity meets four times per year, in addition to which it convenes an Annual General Meeting.

None of the trustees has any beneficial interest in the company.

2

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:05 BST (UTC +1) D 3/4 P 5/26

Ouseburn Farm Charity Limited

Trustees' Report

Objectives and activities

Objects and aims

Ouseburn Farm Charity Limited develops its activities in accordance with its prime objectives, that is to manage and promote the Ouseburn Farm.

Ouseburn Farm, situated in the east end of Newcastle, is a free visitor attraction that boasts an award winning environmentally friendly visitor centre which includes pigs, sheep, goats, chicken, rabbits, guinea pigs, meadows, ponds and woodland. The farm offers training to vulnerable adults, volunteering opportunities for local people and a range of activities for families and school children.

Ouseburn Farm Charity Limited is a company limited by guarantee and a registered charity established to carry on the business of:

a) advancing education by providing social, recreational, agricultural, environmental, art, craft and training for public benefit

b) relieving the needs of people with disabilities, both mental and physical, by providing training

Fundraising disclosures

The charity is required to report how it deals with fundraising from the public. The charity does not use a professional fundraiser or commercial participator to raise funds. Any monies raised direct from the public follows all guidelines set out by the Charity Commission and UK law in every respect. We respect the privacy and contact preferences of all public donors.

Public benefit

The trustees are satisfied that the work of the farm continues to deliver public benefit, as set out in the Chair's report.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Financial review

The charity received grant funding and donations totalling £224,933 (2021: £340,409) and income from charitable activities of £95,919 (2021: £46,650) which cover the cost of managing and promoting the Ouseburn Farm. In addition it generated income from trading activities of £81,892 (2021: £43,288) which was activities in line with the charitable objectives.

Expenditure during the year of £401,015 (2021: £358,132) has helped the charity meet its objectives by continuing to operate as a free visitor attraction, offering training to vulnerable adults, education activities for local school children and volunteering opportunities for the benefit of the local community.

The charity continues to be very reliant upon grants and donations. The trustees are working towards financial stability.

3

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:05 BST (UTC +1) D 3/4 P 6/26

Ouseburn Farm Charity Limited

Trustees' Report

Policy on reserves

Total unrestricted funds carried forward at 31 March 2022 were £86,758 (2021: £84,879). The Farm aims to reduce its financial dependency on Tyne Housing and has drawn upon Charity Commission guidance to inform its reserve policy. The reserves of the organisation will be set aside to cover 3 months running costs, maintenance and capital expenditure or dissolution. Excess reserves will be reinvested to support the Farm's charitable purpose.

Principal funding sources

The main sources of income for the charity are training and education activities, hire of the buildings and use of facilities. The charity also benefits from charitable donations including a donation from Tyne Housing Association Limited.

Key Management Personnel

The board, who give their time freely and no trustees received remuneration in the year, have considered who the Key Management Personnel (KMP) of the charity, as noted in the Reference and Administration section. Together with the board, these KMP are those in charge of directing and controlling, running and operating the activities of the charity on a day to day basis. The pay of the KMP is reviewed annually and normally increased in accordance with average earnings. The trustees benchmark against pay levels of other charities and similar organisations within the sector and the region. Pay levels are set using this information together with the budget and forecast information, ensuring that the charity can afford any proposed increases. The board then agree any uplift to remuneration.

Plans for future periods

Aims and key objectives for future periods

Ousebum Farm aims to continue to benefit the public by continuing to advance education by providing social, recreational, agricultural, environmental and arts and crafts training. Ouseburn Farm will also continue to provide training and workshop facilities for vulnerable adults.

Going concern

The Trustees have considered the charitable company's current and future prospects and its availability of financing from its ultimate parent undertaking and are satisfied that the company can continue to pay its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. For this reason, the Trustees continue to adopt the going concern basis of preparation for these financial statements.

Further details are set out in the accounting policies.

4

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:06 BST (UTC +1) D 3/4 P 7/26

Ouseburn Farm Charity Limited

Trustees' Report

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Ouseburn Farm Charity Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and 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.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on 15 September 2022 .................... and signed on its behalf by:

Ian Brown 15 Sep 2022 11:52:54 BST (UTC +1) ......................................... I Brown Chairman and trustee

5

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:07 BST (UTC +1) D 3/4 P 8/26

Ouseburn Farm Charity Limited

Chairman's Statement

It gives me great pleasure to welcome you to Ouseburn Farm Charity’s accounts and annual report for 2021/22. I am very proud of the accomplishments that the staff, volunteers and trustees of the charity have made during the year, particularly in the face of significant challenges, including the ongoing pandemic and an outbreak of avian influenza.

As I enter my third year of being the chair of Ouseburn Farm Charity, I am continually impressed at the breadth and depth of work undertaken by staff, volunteers and trustees to deliver the farm’s mantra - “a place for growing; plants, animals but most of all, people”.

Following the upheaval experienced in 2020/21, 2021/22 was a year of growth and consolidation. Building on the important work undertaken to secure the stability of the charity in the previous year, the team worked to develop a new business plan for the farm, putting our placements - adults with learning difficulties, disabilities and Autistic Spectrum Disorder - at the heart of our operations.

Providing the best possible service to our beneficiaries has been the focus of the charity’s trustees and staff throughout the last year. Our placements returned to face to face activity in April 2021, after the end of the spring lockdown. This coincided with a relaunch of the farm events programme, inviting the public back into the farm to enjoy a diverse and fun range of activities providing opportunities to learn about farm life. The launch of a new farm retail space in April 2021 has provided a new income stream and increased visitor spend per head.

Significant capital improvements were undertaken through the year. Thanks to a grant from the North East Local Enterprise Partnership, the orchard has been renewed with new paths, fencing and an engagement space; and in partnership with the Ouseburn Trust, the wooded areas of the Ouseburn have been thinned and replanted, and other amenity improvements have been made across the Ouseburn valley.

The importance of volunteers to the charity’s activities cannot be understated. In 2021/22, volunteers gave 10,721 hours of their time, a huge contribution to the farm’s activities. This contribution is equivalent to a financial contribution of £106,000 at the real living wage equivalent.

Throughout the year, we worked closely with our parent organisation, Tyne Housing, helping them to deliver their mission to help some of the region’s most vulnerable people get to a better place. Tyne Housing continues to provide back office and administrative support to the charity.

A large part of our work was funded via grants during this year, as earned income remained limited by covid. We are extremely grateful to National Lottery Community Fund, Garfield Weston Foundation, Sage Foundation, The D'Oyly Carte Charitable Trust, The MILA Charitable Organisation, The MacRobert Trust, The Catherine Cookson Charitable Trust, CLA Charitable Trust, The Malings Community Fund, The Churchill Fellowship, Tyne Housing and the North East Local Enterprise Partnership for their support during the year.

A number of business partners played an important role as sponsors and supporters. We must extend our heartfelt thanks to North P&L, Cookhouse, By the River Brew co, The NFU, Gentian, Generator, Northumbrian Water, John Lewis & Partners and Lowes Financial Management. Their contribution has made a real difference to the farm experience, for visitors, placements and volunteers alike.

6

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:07 BST (UTC +1) D 3/4 P 9/26

Ouseburn Farm Charity Limited

Chairman's Statement

The resilience and dedication of the small but highly effective staff team continues to provide real momentum to the charity. I am grateful to them for all their hard work, in sometimes difficult circumstances. Our board of trustees has provided clear and considered governance, but has also acted in a “critical friend” role for the manager and staff, and individual trustees have shared their wisdom and experience in areas as diverse as fundraising, evaluation, planning and business development.

I look forward to seeing what the charity can achieve in 2022/23, and I am sure that it will continue to flourish in its mission to be “a place for growing”.

Ian Brown 15 Sep 2022 11:52:54 BST (UTC +1)

......................................... I Brown Chairman and Trustee

15 September 2022

7

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:08 BST (UTC +1) D 3/4 P 10/26

Ouseburn Farm Charity Limited

Independent Examiner's Report to the trustees of Ouseburn Farm Charity Limited ("the Company")

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) 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 Ouseburn Farm Charity Limited are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Azets Audit Services, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of Ouseburn Farm Charity Limited as required by section 386 of the 2006 Act; or

  2. the accounts 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 that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

......................................

Simon Brown BA ACA DChA Azets Audit Services Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS

Date:.............................

Azets Audit Services is a trading name of Azets Audit Services Limited.

8

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:08 BST (UTC +1) D 3/4 P 11/26

Ouseburn Farm Charity Limited

Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other income
6
Total Income
Expenditure on:
Raising funds
7
Charitable activities
8
Total Expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
£
106,362
95,919
81,892
150
284,323
(57,785)
(224,659)
(282,444)
1,879
1,879
84,879
86,758		 Restricted
£
118,571
-
-
-
118,571
-
(118,571)
(118,571)
-
-
-
-		 Total
2022
£
224,933
95,919
81,892
150
402,894
(57,785)
(343,230)
(401,015)
1,879
1,879
84,879
86,758		 Total
2021
£
340,409
46,650
43,288
-
430,347
(34,536)
(323,596)
(358,132)
72,215
72,215
12,664
84,879

All of the charity's activities derive from continuing operations during the above two periods.

The funds breakdown for 2021 is shown in note 16.

9

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:09 BST (UTC +1) D 3/4 P 12/26

Ouseburn Farm Charity Limited

Comparative Statement of Financial Activities for the Year Ended 31 March 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Recognised Gains and Losses)
Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
£
227,620
46,650
43,288
317,558
(34,536)
(210,807)
(245,343)
72,215
72,215
12,664
84,879		 Restricted
£
112,789
-
-
112,789
-
(112,789)
(112,789)
-
-
-
-		 Total
2021
£
340,409
46,650
43,288
430,347
(34,536)
(323,596)
(358,132)
72,215
72,215
12,664
84,879

10

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:10 BST (UTC +1) D 3/4 P 13/26

Ouseburn Farm Charity Limited (Registration number: 07673069) Balance Sheet as at 31 March 2022

Note
Current assets
Debtors
13
Cash at bank and in hand
14
Creditors: Amounts falling due within one year
15
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted
Total funds
16		 2022
£
85,107
207,583
292,690
(205,932)
86,758
86,758
86,758		 2021
£
83,423
60,422
143,845
(58,966)
84,879
84,879
84,879

For the financial year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements on pages 9 to 24 were approved by the trustees, and authorised for issue on 15/09/2022 .................... and signed on their behalf by:

Ian Brown 15 Sep 2022 11:52:54 BST (UTC +1) .........................................

I Brown Chairman and trustee

11

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:10 BST (UTC +1) D 3/4 P 14/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

1 Charity status

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.

The address of its registered office is: St Silas Church Building, Clifford Street, Newcastle upon Tyne, NE6 1PG

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Ouseburn Farm Charity Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Estimation uncertainty and judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

12

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:11 BST (UTC +1) D 3/4 P 15/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

13

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:12 BST (UTC +1) D 3/4 P 16/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

14

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:12 BST (UTC +1) D 3/4 P 17/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

3 Income from donations and legacies

Donations and legacies;
Donations
Grants, including capital grants;
Grants
Government grants
Sponsorship
Legacies		 Unrestricted
General
£
73,069
18,101
9,400
5,500
292
106,362		 Restricted
£
3,000
115,571
-
-
-
118,571		 Total
2022
£
76,069
133,672
9,400
5,500
292
224,933		 Total
2021
£
129,029
153,789
42,444
-
15,147
340,409

15

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:13 BST (UTC +1) D 3/4 P 18/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

Income from grants

Income from grants
Grants;
Newcastle City Council
Community Foundation
Garfield Weston Foundation
Mila Charitable Organisation
National Lottery Community
Fund
Ringtons Family Fund
(Growing Together)
Business Rates
Crisis
The Edward Gostling
Foundation
Sage Foundation
Postcode Local Trust
Street Zero
VCSE Recovery Fund
Morrisons
Joseph Frazer Strong Trust
Gibson Charitable Trust
RBS
Sir James Knott Trust
The MacRobert Trust
The D'Oyly Carte Charitable
Trust
The Catherine Cookson
Charitable Trust
CLA Charitable Trust
Mailings Community Fund
The Churchill Fellowship
North East Local Enterprise
Partnership		 Restricted
funds
2022
£
-
-
25,000
-
28,327
-
-
-
-
-
-
-
-
-
-
-
-
5,000
6,082
1,750
2,000
2,545
2,053
4,680
38,134
115,571		 Unrestricted
funds
2022
£
-
101
-
15,000
-
-
-
-
-
-
-
-
-
-
-
3,000
-
-
-
-
-
-
-
-
-
18,101		 Total funds
2022
£
-
101
25,000
15,000
28,327
-
-
-
-
-
-
-
-
-
-
3,000
-
5,000
6,082
1,750
2,000
2,545
2,053
4,680
38,134
133,672		 Total
2021
£
9,807
-
5,000
15,000
43,680
5,168
10,000
5,000
5,000
10,000
10,610
10,667
12,000
6,600
1,000
3,000
1,257
-
-
-
-
-
-
-
-
153,789

16

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:13 BST (UTC +1) D 3/4 P 19/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

Income from donations and legacies

Donations and legacies;
The Cluny (Farm Aid)
Tyne Housing Association
General Donations
By the River Brew Co -
Sponsorship
NE1
Lowes Financial Management
Legacies
North of England P & I
Association
Gentian Partnership -
Sponsorship
Morrisons
Crowdfunder
Middleton Foundation
Graffiti
NFU
John Lewis
Cook House - Sponsorship		 Restricted
funds
2022
£
-
-
-
-
-
2,000
-
-
-
-
-
-
-
-
1,000
-
3,000		 Unrestricted
funds
2022
£
600
41,633
26,386
3,000
450
-
292
-
5,000
-
-
-
-
1,000
-
500
78,861		 Total funds
2022
£
600
41,633
26,386
3,000
450
2,000
292
-
5,000
-
-
-
-
1,000
1,000
500
81,861		 Total
2021
£
-
75,000
15,488
-
200
-
15,147
8,000
5,000
568
9,699
74
15,000
-
-
-
144,176

17

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:14 BST (UTC +1) D 3/4 P 20/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

4 Income from charitable activities

Charitable activities
5
Income from other trading activities
Trading income;
Sales of goods and services
Events income;
Room hire
6
Other income
Unrestricted
funds
General
£
Fee for broadcast material
150		 Unrestricted
funds
General
£
95,919
Unrestricted
General
£
75,828
6,064
81,892
Restricted
funds
£
-		 Total
2022
£
95,919
Total
2022
£
75,828
6,064
81,892
Total
2022
£
150		 Total
2021
£
46,650
Total
2021
£
43,108
180
43,288
Total
2021
£
-

a) Costs of trading activities

Unrestricted

Cafe and retail costs General
£
57,785
57,785		 Total
2022
£
57,785
57,785		 Total
2021
£
34,536
34,536

18

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:14 BST (UTC +1) D 3/4 P 21/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

8 Expenditure on charitable activities

Charitable activities
Allocated support costs
Total for 2021		 Unrestricted
General
£
170,900
53,759
224,659
210,807		 Restricted
£
118,571
-
118,571
112,789		 Total
2022
£
289,471
53,759
343,230
323,596		 Total
2021
£
270,422
53,174
323,596

9 Analysis of governance and support costs

Support costs allocated to charitable activities

Central Running Costs Support
costs
£
53,759		 Total
2022
£
53,759		 Total
2021
£
53,174

10 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

19

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:15 BST (UTC +1) D 3/4 P 22/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

11 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2022
£
177,819
12,638
6,165
196,622		 2021
£
185,228
11,850
9,111
206,189

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Employees 2022
No
12		 2021
No
10

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £35,584 (2021 - £34,702).

12 Taxation

The charity is exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

13 Debtors

Trade debtors
Prepayments
Accrued income
VAT recoverable		 2022
£
22,217
683
58,891
3,316
85,107		 2021
£
7,490
933
75,000
-
83,423

Trade debtors is net of bad debt provision totalling £11,689 (2021: £8,583)

14 Cash and cash equivalents

2022 2021
£ £
Cash at bank 207,583 60,422

20

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:15 BST (UTC +1) D 3/4 P 23/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

15 Creditors: amounts falling due within one year

15 Creditors: amounts falling due within one year
Trade creditors
Due to group undertakings
VAT
Accruals
Deferred income
Deferred income at 1 April 2021
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end		 2022
£
20,369
159,556
-
2,567
23,440
205,932
2022
£
8,093
23,440
(8,093)
23,440		 2021
£
10,176
25,119
1,705
13,873
8,093
58,966
2021
£
-
8,093
-
8,093

21

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:16 BST (UTC +1) D 3/4 P 24/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

16 Funds

Unrestricted funds
General
General
Restricted funds
National Lottery Community
Fund
Lowes Financial Management
Garfield Weston Foundation
Sir James Knott Trust
The MacRobert Trust
The D'Oyly Charitable Trust
The Catherine Cookson
Charitable Trust
CLA Charitable Trust
Mailings Community Fund
The Churchill Fellowship
North East Local Enterprise
Partnership
John Lewis
Total restricted funds
Total funds		 Balance at 1
April 2021
£
84,879
-
-
-
-
-
-
-
-
-
-
-
-
-
84,879		 Incoming
resources
£
284,323
28,327
2,000
25,000
5,000
6,082
1,750
2,000
2,545
2,053
4,680
38,134
1,000
118,571
402,894		 Resources
expended
£
(282,444)
(28,327)
(2,000)
(25,000)
(5,000)
(6,082)
(1,750)
(2,000)
(2,545)
(2,053)
(4,680)
(38,134)
(1,000)
(118,571)
(401,015)		 Balance at 31
March 2022
£
86,758
-
-
-
-
-
-
-
-
-
-
-
-
-
86,758

The specific purposes for which the funds are to be applied are as follows:

The MacRobert Trust: Food Provision at Byker Bridge House during lockdown National Lottery Community Fund: Delivery of "Building Volunteers" project Garfield Weston Foundation: Core funding Sir James Knott Trust: Core funding The Catherine Cookson Charitable Trust: Event space equipment CLA Charitable Trust: Placement programme Mailings Community Fund: Event space equipment The Churchill Fellowship: Delivery of animal assisted therapy North East Local Enterprise Partnership: Placement programme John Lewis: Event provision The D'oyly Carte Charitable Trust: Placement programme Lowes Financial Management: Placement programme

22

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:16 BST (UTC +1) D 3/4 P 25/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

17 Analysis of net assets between funds

Current assets
Current liabilities
Total net assets
Current assets
Current liabilities
Total net assets
18 Analysis of net funds
Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt		 At 1 April
2021
£
60,422
60,422
At 1 April
2020
£
66,460
66,460		 Unrestricted
funds
General
£
292,690
(205,932)
86,758
Unrestricted
funds
General
£
143,845
(58,966)
84,879
Financing
cash flows
£
147,161
147,161
Financing
cash flows
£
(6,038)
(6,038)		 Total funds
at 31 March
2022
£
292,690
(205,932)
86,758
Total funds
at 31 March
2021
£
143,845
(58,966)
84,879
At 31 March
2022
£
207,583
207,583
At 31 March
2021
£
60,422
60,422

23

VirtualSignature Transaction Ref. 6T8X-378F-KQNJ 15 Sep 2022 11:53:17 BST (UTC +1) D 3/4 P 26/26

Ouseburn Farm Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2022

19 Related party transactions

During the year the charity made the following related party transactions:

Tyne Housing Association Limited

(Tyne Housing Association Limited is the parent entity of the charity) During the year, the charity received £41,633 (2021: £75,000) from the Association in the form of a donation to the charity.

The charity paid a management charge of £53,759 (2021: £53,174) to the Association during the year. At the balance sheet date the amount due to Tyne Housing Association Limited was £159,556 (2021 - £25,119).

24