**REGISTERED COMPANY NUMBER: 07663557 (England and Wales) REGISTERED CHARITY NUMBER: 1156143**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 JUNE 2021**
## **FOR**
**THE VILLAGE CHURCH FARM**
Dexter & Sharpe (Skegness) Chartered Certified Accountants 26 Ida Road Skegness Lincolnshire PE25 2AR
**THE VILLAGE CHURCH FARM**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**|5|to|6|
|**Notes to the Financial Statements**|7|to|12|
|**Detailed Statement of Financial Activities**||13||
**THE VILLAGE CHURCH FARM**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of 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).
The company was incorporated on 9 June 2011 and registered as a charity on 12 March 2014.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The object of the charity is the promotion and advancement of the education of the public in the history, culture and heritage of The Church Farm Museum and of the County of Lincolnshire and the surrounding area.
The aim of the charity is to provide a hands-on, child-friendly, educational experience situated in an open-air museum of agricultural history.
## **Significant activities**
During the year, the charity hosted numerous events and also offered educational visits for local schools as well as hosting weekly activities.
## **Volunteers**
The charity relies on the voluntary work of the directors and members.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association.
## **Recruitment and appointment of new trustees**
New trustees are recruited through a process of consultation with the recommendation by existing trustees, based on existing needs within the charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
07663557 (England and Wales)
## **Registered Charity number**
1156143
## **Registered office**
Church Farm Museum Church Road South Skegness Lincolnshire PE25 2HF
## **Trustees**
M P Walton S C Garner-Jones Ms B Perridot (resigned 9.8.2021) K J Crawford D W D Bangs (appointed 2.9.2020) T H Oliver
Page 1
**THE VILLAGE CHURCH FARM**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021**
## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner**
Mrs Nicola Lenton FCCA Dexter & Sharpe (Skegness) Chartered Certified Accountants 26 Ida Road Skegness Lincolnshire PE25 2AR
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 18 May 2022 and signed on its behalf by:
T H Oliver - Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE VILLAGE CHURCH FARM**
## **Independent examiner's report to the trustees of The Village Church Farm ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021.
## **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 the Company 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**
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 the Company 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.
Mrs Nicola Lenton FCCA Dexter & Sharpe (Skegness) Chartered Certified Accountants 26 Ida Road Skegness Lincolnshire PE25 2AR
18 May 2022
Page 3
## **THE VILLAGE CHURCH FARM**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**5,963**
**Charitable activities**
Charitable activities
**53,500**
Other income
**9,151**
**Total**
**68,614**
**EXPENDITURE ON**
Raising funds
2
**(7)**
**Charitable activities**
Charitable activities
**11,094**
Other
**5,991**
**Total**
**17,078**
**NET INCOME/(EXPENDITURE)**
**51,536**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**77,473**
**TOTAL FUNDS CARRIED FORWARD**
**129,009**|Restricted
funds
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2021**
**Total**
**funds**
**£**
**5,963**
**53,500**
**9,151**
**68,614**
**(7)**
**11,094**
**5,991**
**17,078**
**51,536**
**77,473**
**129,009**|2020
Total
funds
£
19,951
180
-
20,131
46
17,527
3,628
21,201
(1,070)
78,543
77,473|
|---|---|---|---|
The notes form part of these financial statements
Page 4
## **THE VILLAGE CHURCH FARM**
## **BALANCE SHEET 30 JUNE 2021**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
7
**73,705**
Investments
8
**1**
**73,706**
**CURRENT ASSETS**
Debtors
9
**12,032**
Cash at bank and in hand
**45,530**
**57,562**
**CREDITORS**
Amounts falling due within one year
10
**(2,259)**
**NET CURRENT ASSETS**
**55,303**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**129,009**
**NET ASSETS**
**129,009**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|Restricted
funds
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2021**
**Total**
**funds**
**£**
**73,705**
**1**
**73,706**
**12,032**
**45,530**
**57,562**
**(2,259)**
**55,303**
**129,009**
**129,009**
**129,009**
**129,009**|2020
Total
funds
£
65,659
1
65,660
6,329
9,710
16,039
(4,226)
11,813
77,473
77,473
77,473
77,473|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
## **THE VILLAGE CHURCH FARM**
## **BALANCE SHEET - continued 30 JUNE 2021**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 18 May 2022 and were signed on its behalf by:
K J Crawford - Trustee
M P Walton - Trustee
S C Garner-Jones - Trustee
T H Oliver - Trustee
The notes form part of these financial statements
Page 6
**THE VILLAGE CHURCH FARM**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery
- 25% on reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
**THE VILLAGE CHURCH FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021**
## **2. RAISING FUNDS**
## **Raising donations and legacies**
|**Raising donations and legacies**||||
|---|---|---|---|
||**2021**||2020|
||**£**||£|
|Support costs||**(7)**|46|
## **3. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||**2021**|2020|
|---|---|---|
||**£**|£|
|Depreciation - owned assets|**3,925**|1,243|
|Surplus on disposal of fixed assets|**(9,151)**|-|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Administration
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
19,951
**Charitable activities**
Charitable activities
180
**Total**
20,131
**EXPENDITURE ON**
Raising funds
46
**Charitable activities**
Charitable activities
17,527|**2021**
**1**
Restricted
funds
£
-
-
-
-
-|2020
2
Total
funds
£
19,951
180
20,131
46
17,527|2020
2
Total
funds
£
19,951
180
20,131
46
17,527|
|---|---|---|---|
|||||
||||20,131
46
17,527|
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 8
**THE VILLAGE CHURCH FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021**
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
funds
£
£
Other
3,628
-
**Total**
21,201
-
**NET INCOME/(EXPENDITURE)**
(1,070)
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
78,543
-
**TOTAL FUNDS CARRIED FORWARD**
77,473
-
**7.**
**TANGIBLE FIXED ASSETS**
Freehold
Plant and
property
machinery
£
£
**COST**
At 1 July 2020
**61,932**
**19,787**
Additions
**-**
**12,733**
Disposals
**-**
**(4,596)**
At 30 June 2021
**61,932**
**27,924**
**DEPRECIATION**
At 1 July 2020
**-**
**16,060**
Charge for year
**-**
**3,925**
Eliminated on disposal
**-**
**(3,834)**
At 30 June 2021
**-**
**16,151**
**NET BOOK VALUE**
At 30 June 2021
**61,932**
**11,773**
At 30 June 2020
61,932
3,727|Total
funds
£
3,628
21,201
(1,070)
78,543
77,473
Totals
£
**81,719**
**12,733**
**(4,596)**
**89,856**
**16,060**
**3,925**
**(3,834)**
**16,151**
**73,705**
65,659|
|---|---|
continued...
Page 9
**THE VILLAGE CHURCH FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021**
## **8. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Shares in|
||group|
||undertakings|
||£|
|**MARKET VALUE**||
|At 1 July 2020 and 30 June 2021|**1**|
|**NET BOOK VALUE**||
|At 30 June 2021|**1**|
|At 30 June 2020|1|
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
## **Haven House Barn Ltd**
Registered office: Church Road South, Skegness,Lincs,PE25 2HF, UK Nature of business: Café and Gift Shop
## **9.**
|%
Class of share:
holding
£1 Ordinary
**100**
**2021**
**£**
Aggregate capital and reserves
**(1,640)**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2021**
**£**
Amounts owed by participating interests
**9,652**
Prepayments
**2,380**
**12,032**|2020
£
1
2020
£
6,247
82
6,329|
|---|---|
continued...
Page 10
**THE VILLAGE CHURCH FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021**
## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**|**YEAR**|||
|---|---|---|---|---|
||||**2021**|2020|
||||**£**|£|
||Accrued expenses||**2,259**|4,226|
|**11.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement|At|
|||At 1.7.20|in funds|30.6.21|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|**77,473**|**51,536**|**129,009**|
||**TOTAL FUNDS**|**77,473**|**51,536**|**129,009**|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|**68,614**|**(17,078)**|**51,536**|
||**TOTAL FUNDS**|**68,614**|**(17,078)**|**51,536**|
||**Comparatives for movement in funds**||||
||||Net||
||||movement|At|
|||At 1.7.19|in funds|30.6.20|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|78,543|(1,070)|77,473|
||**TOTAL FUNDS**|78,543|(1,070)|77,473|
||Comparative net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|20,131|(21,201)|(1,070)|
||**TOTAL FUNDS**|20,131|(21,201)|(1,070)|
continued...
Page 11
**THE VILLAGE CHURCH FARM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.7.19|in funds|30.6.21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|78,543|50,466|129,009|
|**TOTAL FUNDS**|78,543|50,466|129,009|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|88,745|(38,279)|50,466|
|**TOTAL FUNDS**|88,745|(38,279)|50,466|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 June 2021.
Page 12
**THE VILLAGE CHURCH FARM**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021**
||2021|2020|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**5,963**|18,870|
|Cash difference|**-**|1,081|
||**5,963**|19,951|
|**Charitable activities**|||
|Grants|**53,500**|180|
|**Other income**|||
|Gain on sale of tangible fixed assets|**9,151**|-|
|**Total incoming resources**|**68,614**|20,131|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|**3,554**|6,695|
|Rates and water|**1,145**|1,429|
|Insurance|**2,487**|2,478|
|Light and heat|**569**|1,046|
|Telephone|**629**|611|
|Postage and stationery|**220**|247|
|Advertising|**542**|218|
|Sundries|**17**|323|
|Repairs and renewals|**948**|2,651|
|Equipment fuel|**287**|145|
|Cleaning and uniforms|**359**|314|
|Equipment rental|**337**|1,370|
||**11,094**|17,527|
|**Other**|||
|Accountancy fees|**1,800**|1,800|
|Legal fees|**266**|585|
|Depreciation of tangible fixed assets|**3,925**|1,243|
||**5,991**|3,628|
|**Support costs**|||
|**Finance**|||
|Bank charges|**(7)**|46|
|Total resources expended|**17,078**|21,201|
|**Net income/(expenditure)**|**51,536**|(1,070)|
This page does not form part of the statutory financial statements
Page 13