Company registration number.. 07673069 Chanty registration number.. 1142593 OUSEBURN FARM CHARITY LIMITED IA company limtted by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025
Ouseburn Farm Charity Limited Contents Reference and Administrative Detai15 Trustees. Repc 2105 Chairman's Statement 6t07 Independent Examinerfs Rewt Statement of Financial Athities statement of Finanryal ActNitie5 10 Balance Sheet 11 Notes to the Finanaal Slatements 121023
Ouseburn Fami Charity Limited Reference and Administrative Detsils Trustees l Brovm E A Gillespie R D Harland MDFirth P C Chaplin (resigned August 20241 M P Ross IresvJned January 20251 C A Kirkham N J Bramley J Hartley R Turnar Secretary F Clarke Registered Office St Silas Church BuildiThJ Clifford Street Newcasue upon Tyne NE6 1PG The charity is inc(Kporated in England and waS. Company Registration Number 07673069 Charlty Registration Number 1142593 Indapendent Examlner Craig Henderson S&W Audit 17 Queens Lane Newcastle upon Tyne NE1 1RN
Ouseburn Farm Charity Limited Trustees. Report The trustees, who are directors for the purposes d company law. pent the annual report together th the financial ststements of the charitable company for the year ende¢J 31 March 2025. Structure. govemanco and management Nature of governlng document Ousebum Farm Charity Limited is registered as a charitable company limited by guarantee and wa5 sel up by a Memorandum of Associalion. The chartty w85 incorporated on 16 June 2011 1MpanY number 076730691 and registered a5 a charity on 27 June 2011 (charity number 1142593). Recruitment andappointment of trustees Trustees are appointed by Tyne Housing Association in accordance with Ousebum Farm Articles of Association. The present trustees have considerable knovAedge and expertise of management and promotion of Ousebum Fami. Induction and tralning of twstoes Al new trustee5 receive an induction covering their roles and responsibiif(ies, legal implicatlons of the trustee role and background to the organisation. Additional training is made available as needed matched to indNidual requirements. Oryanisational stnKture Overall management is delegated by the tTUStees to the Senior Management of Tyne Housing Association Limited who operdte the charitable company in line with the policies approved by the trustees. The Trustees of the charity rneels 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. Going concem The Trustees have considered the charttable companys current and ftjture prospects and its availability of financing from tts uttimate parent undertaking and are satisfied that the COTnpany can continue lo pay its liabilities a5 they fall due for a period of al least 12 months from the date of approval of these financial slalemenls. For this reason. the Trustee5 continue to &Jopl the going concem basis of preparation for these financial statements. Further details are set out in the accounting polKi&s.
Ouseburn Farm Charity Limited Trustees. Report FinanciTal review The charity received grant funding and donations tolalling £263.264 {2024 £200.4641 and income from charitable activities of £233,15912024 £252,350} which cover the cost of managing and promoting the Ouseburn Fam. In addf(ion it generated income trading activrtie5 of £8,52812024.. £5,965) which were active$ in line vrith the charitable obieclives. Expenditure during the year of £500,876 12024". £440.879} has helped Ihe charity meet its objectives by conlinving lo operate as a free visitor attraction. offering training lo vulnerable adults. education activities for local sthool children and volunteering opportunities for the benefit of the local community. Total restricted funds carried fOard were £21,850{2024= £ 24,000) and unrestricted funds carried forward at 31 March 2025 were £90,350 12024-. £84.1551. The farm has reduced its financial dependency on Tyne Housing and has drawn upon Charity Commission guidance to inform ils reserve policy. The reserves of the organisath.on will be set aside lo cover 3 months running costs, maintenance and capital expenditure or dissolution. Exces5 resetves will be reinvested to support the Fami'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 beneffts from tharitable donations including a donation from Tyne Housing Association Limited. Key managementpeOnnel The board, who give their lime freely and no tnjstees received remuneration in the year. have considered who the Key Management Personnel IKMP} of the charity. a5 noted in the Reference and Adminislralion 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-104ay basis. The pay of the KMP is reviewed annually and nomally increased in accordance with average eamings. The trustees benchrnaTk against pay levels of other charities and similar organisalions within the sector and the region. Pay levels are sel using this information together with the budget and forecast information. ensuring that the charity can afford any proposed increase5. The board then agree any uplift to remunerati. Alms and key objectives for futurepeiiods Ouseburn Farm aims to continue lo benefit the public ty 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.
Ouseburn Farm Charity Limited Trustees, Report Objectives and actFvltles Objects and alms Ousebum Fami Charity Limited devekjps its acliwties in accordance with its prime objectives. that is to manage and promote the Ousebum Farm. Ousebum Farm, stiuated in the east erKI of Newcasue, is a free visitor attraction that boasts an award wnning environmentalty friendty wsitor centre which includes pigs, sheep, goats. chicken, rabbits, guinea pigs, meadows. ponds and woodland. The fam offers training to vulnerable adults, volunteering opportunities for local people and a range of activities for families and school children. Ousebum Farm Char5ty Limtted is a company limited by guarantee and a registered charity established io carry on the business of.. al advancing education by providing social. recreational, agriculturdl. environmental, arL Graft and training for public benefit bl relieving the needs of people vrith disabilities. both mentsl and physical, by providing trainlng Fundraising disclosures The charity is required to report how tt deals with fvndraising from the public. The charity does not us8 professional fundraiser or commercial parkncipator to raise funds. Any monies raised direct from the public follows all guidelines set out by the Charity Commissw)n and UK law in every respect. We respect the privacy and contact preferences of all public donors. Public benefrt The trustees are satisfied that the work of the fami continues to de15ver public benefit, as set OLtI in the Chair's report. The trustees confirm that they have (Xxnplied with the requirements of sec*on 17 of the Charities Act 2011 to have du8 regard to the public benefit guidan published by the Charity Commission fr)r England and Wales.
Ouseburn Farm Charity Limited Trustees. Report statement of Responslbllltles The Iruslees (who a also the directors of Ou5ebum Farm Charity Limited for the purposes of company lawl are responsible for preparing the tnJstees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel, induding FRS 102 'The Finanryal Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare finanaal 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 tharilable company and of the incomirig resoLJrces and application of resources. including ils income and expenditure. of the charitable company for that period. In preparing these financial slalements. the Iruslees are required lo.. select suitable accounting poliues and appty them CsistentIy. observe the methods and principles in the Charitses SORP.. makejudgements and e5b"mates that are reasonable and prudent.. state whether applicable accounting standards. comprising FRS 102 have been followed, subjecl to any material departures disclosed and explained in the financial statements.. and prepare the financial sialements on the going concem basis unless il is inappropriate lo presume that the chaTilable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them lo ensure that the financial statements comply wlh 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. The Iruslees are responsible for the maintenance and integrity of the con)orale and fir)ancial information included on the charitable mpanS website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Sma51 eompanies provision ststement This report has been prepared in accordance with the small companies regirne under the Companies Act 2006. Reappointment of Examiner The board has approved the reappointment of S&W Audtt for the forthcoming financial year. in line with regulatory requirements. The annual report was approved by the tnjstees of the charity on ..17/u <A¢and signed on its behalf by.. Brown Chairman and tnjstee
Ouseburn Farm Charity Limited- DRAFr Chairman's Statement It is with great pride and affection that I present this reFKJrt for the year ending March 2025. As this marks the end of My six-year tem as Chair of the Board of Trustees. I would like to reflect on a year of notable progress. thoughtful change. and increasing resilience at Ousebum Fami. One of the most significant developments this year was the appointment of Katie Bales as Farm Business Manager. Katie has brought 8 wealth of knowledge, strong community ties. and decisive leadership to the role. Her contribution has been instrumental in slabilising the organisalion financially, securing a rnodesl surplus in what was. al times. a very challenging year. and in advancing plans for future growth and expansion. We also welcomed new pemianent staff members. including Ruari and Anna, whose energy and dedication have strengthened the team and helped ensure smooth daY-ldaY operations. The Board is especially grateful for their role in delivering high-q4Jalily services and SUPFXJrting good govemance. The fami also participated in the New Start programme, offering paid placements lo individuals looking lo develop their careers. This opportunrty provided real-life wod( experience and meaningful support for people seeking to build new path5 for themsefves. and reflects our continuing commf(ment to social impact. Our placement programrne for adult5 leaming disabilities remains at the heart of what we do. Over the past year. participants have engaged in a wde variety of projects including the Growing Together gardening programme. workshops in personal and life skills. sessions focused on well-being, perfomiing arts and animal health. and a residential trip to Keswick. The launch of a new football club also provided a valuable opportunity for (x)nfIden-bUibylng and soryal inclusion. 11 is always a joy to witnes5 the enthusiasm, laughter and leaming that these plamentS generate. We know there is growing demand for this work across the Tyne and Wear region, and we are well-p0511ioned to meet that need. Volunteering continues lo be one of the most remarkatAe aspects of lrfe at the fami. In tol81, 306 volunteers contributed 9.694 hours over the course of the year. The financial equivalent of this contribution exceeds £116,000, but its true value lies far beyond what can be quantified. Thi5 year also saw the introduction of a Supported Volunteering pilot and new ro5 such as a Sustainability Volunteer. We remain immensely grateful to all who give their time, skill and passion so generously. Special thanks go to Sarah, ensures that all our vdunteers are supported. valued and safe. Cotlaboralion with other organisations remains key to cAJr approach. Ourjoint initiative with Smile For Lrfe and Café Beam continue5 to thTive. making exlIent use of homegrown produce and providing vocational opportunities for young people sMth disabilities. We've also deepened our work around sustainability and environmental stewardship. supported by Green Street and our involvement in the Nature Networks project lo improve biodiver5ty in the chard. Partnerships Wth IcKal organisations such as Wild Intrigue have helped bring educational and inspiring events tts the fam). arsd our marketing collaboration with Metro Trains has helped raise awareness and increase vi5ttor numbers. The relationship with Tyne Housing remains a (XFtical part of our operating model. This year saw improvements to the sile. including the replacement of the balcony. and continued collaboration in areas such as governance and back-office support. Tyne Housing also provides services for residents that complement our core offer. Athough Tyne holds certain designated funds for the fami, il remains the duty of the Board of Trustees lo strive towards a financial suWus each year, a task that grows increasingly challenging in the fa of rising costs. The farm's role in the wider ci)mmunity goes far beyond its physical footprint. There is an atrmosphere here, warm, inclusive and welcoming, that visitors feel the moment they arrive. This year, the site felt more productive and well cared for than ever before. We have hosted a wide range of events. from art exhibitions by local painters lo hundred5 of activities for children and young people. Public celebrations such as the Ousebum Festival. the Winter Lighl-up and our participation in the Late Shows brought in new audien$ and reconnected us with familiar faces. School vistts continue to play a vital role in our educational work.
Ouseburn Farm Charity Limited - DRAFT Chairman's Statement None of this would be possible wilhoul the generosity of our supporters. We are deeply grateful lo all who contribute, whether through public donations. particularly the outpouring of support following the theft of our chickens, or through corporate partnehIpS wtlh businesses including Sage. Gentian. North Standard, One Utility Bill and Steding and Marks & Spencer. We also extend sincere thanks lo our grant funders: The National Lottery Community Fund, Garfield Weston Foundation, Hospital of God, Reece Foundation. Community Foundation, BA Community Fund, Bally Thomas Charitable Fund, Barbour Foundation, Archer Trust. Sir James Knott Trust, North of Tyne Combined Authority, 1989 Willan Charitable TnJsl, CLA Charitable Trust, Newcastle City Council - Green Street, MILA Charitable Organisalion. and King Charle5 111 Charitsble Fund. The combined effort5 of these supporters provide a vital foundation for our work, and any reduction in their invotvemenl would place the charity under significant pressure. From a govemance perspective. the Board has continued to strengthen its systems and oversight. The financial year closed wlh a sfftall but welcome surplus, reflecting careful stewardship and proactive planning. Policies around safeguarding, infection control. and risk rnanagement have been reviewed and iThproved lo ensure that the charity is fully rneeling rts responsibilities in a modem care farming context. Trustee recruitment and development have also progressed. with improvements to board induction and skills mapping to support a well-rounded and effeelive team. As I step down from my role as Chair. I do so wth gralttude, pride. and fvll confidence in the future of the organisalion. Over the past six years. the fam has been slress4ested in more ways than we could have imagined, bul it has emerged stronger, more credible. and more impactful. l extend my sincere thanks lo my fellow Iru51ees, the fami team, our partner5 and our wder community for making this possible. I hope you share my pride in what has been achieved during the past year. E Brown Chair, Board of Tnjstees Ouseburn Farm Charity Ltd Date..
Ouseburn Farm Charity Limlted - DRAFT Independent Examiner's Report to the trustees of Ouseburn Farni Charity Limited ('the Company.) s&w I roport to the tnjstees on my examination ofthe accounts of Ouebum FaTh Charity Lirnited for the year ended 31 March 2025, which comprise the Statement of Finanaal Activities. the Balance Sheet, and the notes to the accounts, including significant accounting pdici8S. R8spoctive responsibilities of truslaes and examineT and basis of report As the trustees of the charitable company land also the directors for the purposes of company law) you are responsible for the Preparation of the accounts in accordance with the reqtjirements of the Companies Act 2006 {Ihe Companies Act'i. Having 5at15fied myself that the accounts of the charitable company are not required lo be audited under Part 16 of the Companies Act and are eligible for independent examination, I reFK)rt in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the Charities Act'l and in carrying out my examination I have foll(Iwed all the applicable Directions given by the Charity Commission under section 14515llb) of the Charities Act. Indep8ndgnt examinerfs Statement Since the charitable company's gross incorne exoeded £250,000 your examiner must b8 a mernber of a body listed in section 145 of the Charities Act. I confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certffied Accwntant5, which is one of the listed bodies. I have completed my examination. I tonfim that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charitable company as required by section 386 of the Companies Act.. or the accounts do not accord with those records,. or the accounts do not cornpty wtth the accounting requirements of section 396 of the Companies Act other than any requirement that the accounts give a true and fair view which is not a maller considered as part of an independent examination- or 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 wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention shoukl be drawn in this report in order lo enable a proper understanding of the accounts to b8 reached. Craig Hender50n S&W Partners Audit Lim¢ted 17 Queens Lane Newcastle upon Tyne NE1 1RN Date..
Ouseburn Farm Charity Limited Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2025 Total 2024 Unrestricted Restrithd Note Inme and Endowments from: Donations and legacies Charitable aclNfties Other trading actnifties Total Ire 163,008 233.159 100.226 263,234 233,159 200.464 252.350 458 779 Expenditure on: Raising funds Charitable activities 169.3641 (329.1361 (69,3641 1431,5121 1500.8761 162,9121 {377,9671 1102.3761 Total Expenditure (398.5CK)I 6.195 1102.376} {2.1501 {440,8791 Net inMe1{expen0IlUreI 4,045 17,900 Net movement in funds 6.195 {2.1501 4.045 17,900 Roconciliation of fvnds Total funds brought fOard 108 155 Total funds carried Ic*ward 15 All of the charity's activities derTve from continuing operations during the above two periixjs. The funds breakdown for 2025 is shown in note 15.
Ouseburn Farm Charity Limited Comparative Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Restrfrt•d Total 2024 Total 2023 Notes Income and Endowments from: Donations and legacies Charitable actNities Other trading activlb'es 33,848 252,350 166,616 200.464 252.350 229,078 200,658 Total Income 292163 166616 458 779 Expenditureon: Raising funds Charitable aclivTb8S (62,912) 1235.351) 162,9121 1377,9671 1440,8791 17,900 162.6201 {379,3551 {441,9751 3,497 1142,6161 Total Expendire 1298,2631 16.1001 1142.6161 24.000 Net lexpenditureyincome Nel movement in funds (6.1001 24.000 17,900 3,497 Reconciliation of funds Total fund5 brought fomard Total funds carried forvrard 15 10
Ouseburn Farm Charity Limited (Registration number: 07673069) Balance Sheet as at 31 March 2025 2025 2024 Current assets Debtors Cash at bank and in hand 12 13 29,830 214 437 51,514 130 118 244,267 181.632 Creditors". Amounts lalling due wrthln one year Net assets 14 Funds of the ch•ity: Unrestricted Restricted 21,850 90.350 24.000 84.155 Total funds 15 For the financial year ending 31 March 2025 the chartty was enlilled to exemption from audit under section 479A of the Companies Act 2(KJ6 relating lo subsidiary companies. Directors, responsibilities.. The members have ml required the charity to obtain an audit of ils accounts for the year in question in accordan with 5eclton 476.. and The directors acknowledge their responsibilities for comptying wth the requirements of the Act Vth respect lo accounting records and the preparation of accounts. The fi ancial statements on page5 9 to 23 were approved by the trustees. and authorised for issue on 17/o&Y3..0. 2( and signed on their behalf by.. l Brown Chaimian and twstee 11
Ouseburn Farm Charity Limited Notes to the Financial Statements for the Year Ended 31 March 2025 1 Charity status The charity is limited by guarantee. incorporated in EngEarid and Wales, and consequently does not have share capttal. Each of the Injslees is liable to contribute an amount not exedIng £Nil towards the assets of the charity in the event of liquidation. The address of its gIstered office is.. St Silas Church Building, cirfford Street, Newcastle upon Tyne, NE6 1PG 2 Accounting policies Summary of significant accounting policies and key accounting estSmates The principal accounting policies applied in the preparation of these financial slalements are sel out below. These policies have been consislenlly applied to all the years presented, unless otherwise staled. Statement of compliance The financial statements have been prepared in accordance wlh Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 Iri accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019) - (Charities SORP IFRS 102)}, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. They also cornply with the Companies Act 2006 and Charities Act 2011. Basls of preparation Ou5eburn Farm Charity Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initialty recogni5ed at historical cost or transaction value unless otherwise slated in the relevant accounting policy notes. Golng concern The trustees consider that there are no material uncertainties ab)ul the charity's ability to continue as a going concem nor any signtficanl areas of uncertainty that affe(# the carying value of assets held by the charity. Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore ntst included a cash flow stateTnent in these financial statements. Estimation uncertainty and judgements The preparation of the financial statements requires managèment to make judgements, estimates and assumptions that affe(I the amounts reF)Orted. Income and endovmients All income is recognised once the charity has entiuement to the income, il is probable that the income will be received and the amount of the income receNable can be measured reliably. 12
Ouseburn Farm Charity Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Donations andlegacies Donations are recognised when the charity has been notified in writing of both the amount and settlement dale. In the event that a donation is su4.ect to condition5 that require a level of performance by the charity before the charity is entiued to the funds, Ihe income is deferred and not recognised until either those conditions are fully met. or the fuifilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting pefiCNJ. Grants receiTvable Grants are recognised when the charity has an entitiemenl lo the fund5 and any conditions linked lo the grants have been rnet. Where perforrnan conditions are attached to the grant and are yel lo be met, the income is recognised as a liability and included on the balance sheet as deferred income lo be released. Deferred Income Deferred income represents arnounts received for future periods and is released to incoming resources in the period for which. it ha5 been received. Such income is only deferred when.. The donor specifies that the granl or donation must only be used in fuiure accounting periods- or The donor has imposed condiknons which musl be met before the charity ha5 unconditional enliuement. Expenditure All expenditure is recognised once there is a gaI or constructive obligation to that expenditure, il is probable settlement is required and the amount can be measured reliably. Atl Costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Vvhere costs cannot be directly attributed to particular heading5 they have been allocated on a basis consistent with the use of resources. wlh ntral staff costs allocated on the basis of lime 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. RaisiTng fiinds These are costs incurred in attracting voluntary income. the management of investments and those incurred in trading activities that raise fund5. 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 indirecl nature neSSary lo support them. 13
Ouseburn Farm Charity Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Support costs Support costs include centrdl functions and have been alhxated lo activity cost categories on a basis consistent with the use of resources. for example. allocating property costs by floor area5. or per capita. staff costs by the time spent and other costs by their usage. Goveman¢e Costs These include the costs attributabl8 to the charity's Complian with o)nslitutional and slatulory requirements. including audit. strateglc management aThJ tn88S meetings and reimbursed eXnSes. Govemment grants Govemment grants are recognised based on the accrual rnodel and are measured al the fair value of the as5el received or receNable. Grants are classified as relating erther to revenue or to assets. Grants relating to revenue are recognised in income over the peric#Y in which the related costs are cogniSed. Grants relating lo assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, ti is recognised as deferred incowne. Taxation The charity is considered to pass the tests set wi in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingty, 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 sokl or services performed in the ordinary course of business. Trade deblors aTr recognised inilialty at the transaction Pfice. Thoy 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 lo collect all amounts due according to the original tetms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-temi 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 a 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 uncondilional right, at the end of the reporting period, lo defer selllemenl of the creditor for at le8sI twelve months after the reporting date. If there is an unconditional right lo defer settlement for al least twelve months after the reporting date, they are presented as non-currenl liabilities. Trade creditors are recognised initially at the transaction pric8 and subsequently measured at amortised cost using the effective interest meth¢Jd. Fund structure Unrestricted income funds are general funds thal are available for use at the trustees discretion in fvrtherance of the objectives of the charity. 14
Ouseburn Farm Charity Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Restricted income funds are those donated for use in a particular area or for Specif Purposes, th8 use of which is restricted to that area or putpose. 3 Income from donations and legacies Unrestricted Total 2025 Total 2024 General Restricted Donations and legacies.. Donali(Ms Grants, including capital grants., Grants 81,613 81.613 33,848 81,395 1CKJ.226 181.621 166,616 In¢ome from donatlons Restricted funds 2025 Unrestrlcted funds 2025 Total funds 2025 Totsl 2024 Donations and legacies., Tyne Housing Assctialic General Donations One Utility Bill Gold Sponsorship Siemens Gamesa Renewable Energy Ltd Sterling Pharma Gokl Sponsorship North Standard UK- Sponsorship Energy Renewab Liniled Gentian Partnership- Sponsorship 25.000 46,770 25,000 46,770 17.531 14,367 250 1.500 5,000 1,500 5.000 1,250 528 415 NCFE EDF - Sponsorship 415 15
Ouseburn Farm Charity Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Income from Granls Restricted funds 2025 Unrestrictsd Funds 2025 Total funds 2025 Total 2024 Grants., Community F¢JJndatK)n Garfield Weston Foundation Mila Charrtable Organisation National Lottery Community Fund Will Charttable Trust Community Foundation (Growing Together) The Edward Goslling Foundation Sage Foundation National Lottery -cost of LMrvJ Greath8m Hospital Trust Lowes Grant Reece Foundation Barbour Sir James Knott Trust BBily T1Ma$ The Archer Trust Hays Macintyre NTCA Newcastle City Council Kart)on Homes 3.000 12.000 25.000 11.000 15,000 25,(K)O 11,000 26,654 9,441 9,167 13,000 58,523 26.654 6,681 3,636 14,500 17,072 1.000 1.000 10,1JX) 5.(K)O 15,(KKJ 10.tLtJ 5,lJJO 15.( 5,000 24,OCM) 3,596 32.635 32.635 16
Ouseburn Farm Charity Limited Notes to the Financial Statements for the Year Ended 31 March 2025 4 Income from charitable activities Unrestricted funds General Total 2025 Total 2024 Charitable actNiiies 5 Income frorn other trading activities Unrestricted Total 2025 Total 2024 General Trading income., Sales of goods and SeTVIS 6 Exp8ndituro on raising funds Costs of trading activities Unrestricted Total 2025 Totsl 2024 General Retail and other costs 69,364 69,364 62,912 17
Ouseburn Farm Charity Limited Notes to the Financial Statements for the Year Ended 31 March 2025 7 Expenditure on charitable activitie5 Unrestrfcted Total 2025 Total 2024 General Restrict9d Charitable activities Allocated support costs 256.800 102.376 359,176 316.759 Total for 2024 14 8 Analysis of gov8rnance and support costs Support costs allocated to Charitable activitios Support costs Totsl 2025 Total 2024 Central Running Costs The Independent Examinerfs Fee of £3.500 (2024: £3,500) was paid by the parent Tyne Housing, bul then recharged in the at¥)ve central running costs. 9 Trustees remuneration and expenses No trustee5, nor any persons connected wilh them, have received any remuneration from the charlty during the year. No tnjstees have received any reimbursed expense5 or any other benefrts from the charity during the year. 18
Ouseburn Farm Charity Limited Notes to the Financial Statements for the Year Ended 31 March 2025 10 Staff costs The aggregate payroll costs were as follows.. 2025 2024 Staff costs during the year were: Wages and salaries Social security costs Pension costs 259.768 19.537 232.871 16,038 254 373 The monthty average number of persons {including senior management team) employed by the charity during the year was as ft)Ilows: 2025 No 2024 No Employees No employee received emoluments of more than £60.()0 during the year. The lotaS employee benefrts of the key management personnel of the charity were £38.136 (2024 - £36.4601. 11 Taxation The charity is exernpl from tsxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Ad 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. 12 Debtor5 2025 2024 Trade debtOTS Due from group undertakings Accrued income VAT recoverable 26.314 28.190 13.214 9.661 449 2.801 715 Trade debtors is nel of bad debt provision totaling £30.49412024.. £28,674) 13 Cash and cash equivalents 2025 2024 Cash at bank 19
Ouseburn Farm Charity Limited Notes to the Financial Statements for the Year Ended 31 March 2025 14 Creditors: amounts falling due within one year 2025 2024 Trade creditors AccruaL% Due to group undertakings Deferred incom8 23,932 13.317 30,375 21.484 13,896 2025 2024 Oeferred income at 1 April 2024 Resour¢es deferred in the period Amounts released from previous riodS Deferred income al year erKI 38,097 64,443 {38.097} 38,963 38,097 138,9631
Ouseburn Farm Charity Limited Notes to the Financial Statements for the Year Ended 31 March 2025 15 Funds Balance at 1 April 2024 Incoming resources Resources expended Balance at 31 March 2025 Unrestricted funds General General 84.155 404.695 (398,500) 90,350 Restrlcted fund5 Comrnunity FoUndat)n 3.000 (3.000) National Lottery Communty Fund Ree Foundation Hays Macintyre 26,654 {26,6541 {25,0001 12, 1501 24,000 21,850 NTCA 32,635 {32.6351 Newcastle City Counul 11.0451 Karbon Homes 11.W2 (11.892) Total restricted funds 102 376 Total funds 112200 21
Ouseburn Farm Charity Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Balance at 1 April 2023 Incoming resources Resou0$ expended Balance at 31 March 2024 Unrestricted funds General General 90.255 291163 {298,2631 84.155 Restricted funds National Lottery Communty FurKI Garfield Weston Foundat Sir James Knott Trust North East Lwal Enterprise Partnership Sage Foundation The Edward Gostling Foundation Mila Charitable Organisation Lowes Financial Management Communty Foundationv Cost of Living Communty FourKSatÈon Growing Hays Macintyre National Lottery- Cost of Lmng 58.523 9,167 158.523} 19,167) 15,000) 3.596 14.500 13,596) {14,5th)) 3.K36 13.000 2,WO 13.6361 {13,0) {2.0001 9.441 {9.4411 6.681 24.000 {6.6811 24,000 Total restrid9d funds 142616 Total funds The specific purposes for which the funds are to be applied are as folk)ws: National Lottery Community Fund: Care famiing programme Garfield Weston Foundation". Core funding Slr James Knott Trust.. Core fijnding North East Local Enterprise Partnership: Ousebum Green Spaces proj8Ct Sage Foundation - Sustainable food production al Ousebum Fa Edward Goslling Foundation - Care farming programme Mila Charitable Organisation- Fam running Community Foundation- Animal Assi51ed Therapy Prc¥Jramme Hays Mclntyrg- This is funding towards the Building Workshop prc4e¢ NTCA- Project fvnding for the Supported Volunteering Pilot Prc¥ect Newcastle City Council - Reslricled funding for Green Slreevsustainabih'ty work Karbon Homes - Restricted funding for the New Start Programme Reece Foundation - Restricted funding for a joint project with Smile For Life Lowes Flnancial Management- Restricted funding fc* a duck house
Ouseburn Farm Charity Limited Notes to the Financial Statements for the Year Ended 31 March 2025 16 Analysls of net assets between funds Unrestricted General Total funds at 31 March 2025 Restricted Nel current assets 21 Total funds at 31 March 2024 Unrestricted General Restricted Nel current assets 17 Analysis of net debt At 1 April 2024 At 31 March 2025 Cash flows Cash al bank and in haThY 130 118 214437 Net fijnds 18 Related party transa¢tlons During the year the ehartty made the following related party transacbons: Tyne Housing Association Lirnited (Tyne Housing Association Limited is the parent enttty of the charity) During the year. the charity received £25.000 {2024: £17.5311 from the Association in the form of donation to the charity. The charity paid a management charge of £72,336 {2024= £61.208} to the Association during the year The charity also invoiced £0 for room hire (2024-. £256). Al the balance sheet date the amount due from Tyne Housing Association Limited was £0 {2024- £13.2141 and due lo Tyne Housing Association was £30.37512024 - £01