2022-06-30-accounts

Company Registration Number - 07663557

The Charity Registration Number is :- 1156143

The Village Church Farm

Report and Accounts 30 June 2022

Keith May Accounting Services Ltd

Aura Business Centre, Heath Road, Skegness, Lincs, PE25 3SJ Telephone: [phone] Mobile: [phone] Email: [e-mail]

The Village Church Farm

Report and accounts for the year ended 30 June 2022

Contents

	Page
Charity information		1
Trustees' Annual Report		1
Statement of directors' responsibilities		4
Independent Accountant's Report		6
Funds Statements:-
Statement of Financial Activities		7
Income and Expenditure account		8
Balance sheet		9
Notes to the accounts		10

The Village Church Farm

Company Registration Number - 07663557

Trustees' Annual Report for the year ended 30 June 2022

The Trustees present their Report and Accounts for the year ended 30 June 2022, which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative details

The charity name.

The legal name of the charity is:- The Village Church Farm.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1156143.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are:-

Church Farm Museum Church Road South, Skegness Lincolnshire, PE25 2HF Telephone [phone]

Email Address [e-mail] Web address www.churchfarmvillage.org

The registered office of the charity for Companies Act purposes is the same as the operating address shown above.

1

The Village Church Farm

Company Registration Number - 07663557

Trustees' Annual Report for the year ended 30 June 2022

The Trustees in office on the date the report was approved were:-

DWD Bangs KJ Crawford SC Garner-Jones TH Oliver MP Walton S Wattam

The following persons served as Trustees during the year ended 30 June 2022 :-

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

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.

The main activities undertaken in relation to those purposes during the year.

During the year, the charity hosted numerous events and also offered educational visits for local schools as well as hosting weekly activities.

The main activities undertaken during the year to further the charity's purpose for the public benefit.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The contribution of volunteers during the year.

The charity relies on the voluntary work of the directors and members.

The main achievements and performance of the charity during the year.

During the year, the charity hosted numerous events and also offered educational visits for local schools as well as hosting weekly activities.

2

The Village Church Farm

Company Registration Number - 07663557

Trustees' Annual Report for the year ended 30 June 2022

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

New trustees are recruited through a process of consultation with the recommendation by existing trustees, based on existing needs within the charity.

Financial review

The charity's financial position at the end of the year ended 30 June 2022

The financial position of the charity at 30 June 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Called up share capital Total Funds Unrestricted Revenue Funds available for the general purposes of the charity Net income	2022 2021 £ £ 18,592 51,536 (1) (1) 147,600 129,009 147,599 129,008

Financial review of the position at the reporting date, 30 June 2022 .

Total expenditure in the year amounted to £17,462 and we have cash funds of £39,868, the trustees consider the level of cash funds appropriate.

Policies on reserves.

Our policy is to have sufficient unrestricted reserves to cover 12 months activities and

administration costs.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

3

The Village Church Farm

Company Registration Number - 07663557

Trustees' Annual Report for the year ended 30 June 2022

Details of The Independent Examiner

Keith May ACMA CGMA

Member of Chartered Management Accountant

Aura Business Centre Heath Road Skegness Lincolnshire PE25 3SJ

Statement of the Directors Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

• to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

• select suitable accounting policies and apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;

• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material

• departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

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The Village Church Farm

Company Registration Number - 07663557

Trustees' Annual Report for the year ended 30 June 2022

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 7 to 14.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 24 March 2023.

T H Oliver Director and Trustee

5

The Village Church Farm

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 30 June 2022

I report to the trustees on my examination of the accounts of The Village Church Farm for the year ended 30 June 2022.

Responsibilities and basis of report

As the charity 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 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 charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

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 financial statements to be reached.

Signed:-

Keith May ACMA CGMA - Independent Examiner

Chartered Management Accountant

Aura Business Centre Heath Road Skegness Lincolnshire PE25 3SJ

This report was signed on 24 March 2023

6

The Village Church Farm - Statement of Financial Activities for the year ended 30 June 2022

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 30 June 2022, as required by the Companies Act 2006)

Current year Unrestricted Funds 2022 £ Income & Endowments from: Donations & Legacies A1 36,053 Other A5 - Total income A 36,053 Expenditure on: Charitable activities B2 17,461 Total expenditure B 17,461 Net income for the year 18,592 Net income after transfers A-B-C 18,592 18,592 Reconciliation of funds:- E Total funds brought forward 129,008 Total funds carried forward 147,600 SORP Ref Net movement in funds	Current year Restricted Funds 2022 £ - - - - - - - - - -	Current year Total Funds 2022 £ 36,053 - 36,053 17,461 17,461 18,592 18,592 18,592 129,008 147,600	Prior Year Total Funds 2021 £ 59,463 9,151
			68,614
			17,078
			17,078
			51,536
			51,536
			51,536 77,472
			129,008

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 10 to 14 form an integral part of these accounts.

7

The Village Church Farm - Statement of Financial Activities for the year ended 30 June 2022

The Village Church Farm

Income and Expenditure Account for the year ended 30 June 2022 as required by the Companies Act 2006

Income Income from operations Gross income in the year before exceptional items Exceptional items: Realised gains on disposals of tangible fixed assets held for the charity’s own use Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Realised losses on disposals of social investments which are programme related Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year Investment income	2022 £ 36,053 36,053 - 36,053 14,156 3,305 - 17,461 18,592 - 18,592 18,592	2021 £ 59,463
		59,463 9,151
		68,614
		13,153 3,925 -
		17,078
		51,536 -
		51,536
		51,536

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

8

The Village Church Farm - Balance Sheet as at 30 June 2022

Note SORP Ref Fixed assets A Tangible assets 8 A2 Current assets B Debtors 9 B2 Cash at bank and in hand B4 Total current assets Creditors: amounts falling due within one year 10 C1 Net current assets The total net assets of the charity	2022 £ 71,842 36,908 39,868 76,776 (1,019) 75,757 147,599	2021 £ 73,705 12,032 45,531 57,563 (2,259) 55,304 129,009	2021 £ 73,705 12,032 45,531 57,563 (2,259) 55,304 129,009
			129,009

The total net assets of the charity are funded by the funds of the charity, as follows:-

Restricted funds

- Unrestricted Funds Called up share capital 13 (1) Unrestricted Revenue Funds 16 D3 147,601 129,009 147,600 Designated Funds Total charity funds 147,600	- 129,009
	129,009

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 6.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

T H Oliver

Trustee

Approved by the board of trustees on 24 March 2023

9

The Village Church Farm

Notes to the Accounts for the year ended 30 June 2022

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Risks and future assumptions

The charity is a public benefit entity.

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 classifie dunder 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.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Freehold premises 0 % straight line Plant and machinery 25 % reducing balance

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

10

The Village Church Farm

Notes to the Accounts for the year ended 30 June 2022

Fund Accounting

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

There are no designated funds.

There are no restricted funds.

There are no endowment funds.

2 Liability to taxation

The charity is exempt from corporation tax on its charitable activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

If there are no significant implications of such matters.

5 Net surplus before tax in the financial year

The net surplus before tax in the financial year is stated after charging:- Depreciation of owned fixed assets 6 Staff costs and emoluments Salary costs Gross Salaries excluding trustees and key management personnel Total salaries, wages and related costs	2022 £ 3,305	2021 £ 3,925
	2022 £ -	2021 £ 3,554
	-	3,554

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

7 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

11

The Village Church Farm

Notes to the Accounts for the year ended 30 June 2022

8 Tangible fixed assets

Current Year Cost At 1 July 2021 Additions At 30 June 2022 Depreciation At 1 July 2021 Charge for the year At 30 June 2022 Net book value At 30 June 2022 At 30 June 2021 Prior Year Cost 01 July 2020 Additions Disposals 30 June 2021 Depreciation 01 July 2020 Charge for the year On disposals 30 June 2021 Net book value 30 June 2021 30 June 2020 Debtors Prepayments and accrued income Other debtors	Land and Buildings £ 61,932 -	Plant & Machinery £ 27,924 1,442	Motor Vehicles £ - -	Total Total £ £ 89,856 89,856 1,442 1,442
	61,932	29,366	-	91,298 91,298
	- -	16,151 3,305	- -	16,151 16,151 3,305 3,305
	-	19,456	-	19,456 19,456
	61,932	9,910	-	71,842 71,842
	61,932	11,773	-	73,705 73,705
	Land and Buildings £ 61,932 - -	Plant & Machinery £ 19,787 12,733 (4,596)	Motor Vehicles £ - - -	Total Total £ £ 81,719 81,719 12,733 12,733 (4,596) (4,596)
	61,932	27,924	-	89,856 89,856
	- - -	16,060 3,925 (3,834)	- - -	16,060 16,060 3,925 3,925 (3,834) (3,834)
	-	16,151	-	16,151 16,151
	61,932	11,773	-	73,705 73,705
	61,932	3,727	-	65,659 65,659
			2022 £ 2,088 34,820	2021 £ 2,380 9,652 12,032
			36,908

9 Debtors

12

The Village Church Farm

Notes to the Accounts for the year ended 30 June 2022

10 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year Trade creditors Accruals	2022 £ 119 900	2021 £ - 2,259
	1,019	2,259

11 Loans to trustees included in debtors

There are no loans to trustees included in the debtors

12 Guarantees made by the charity on behalf of trustees

There are no guarantees made by the charity on behalf of its trustees.

13 Share capital

2022 Nominal value Number Allotted, called up and fully paid: Ordinary shares £1 each - 14 Income and Expenditure account summary At 1 July 2021 Surplus after tax for the year At 30 June 2022	2022 £ (1)	2021 £ (1)
	(1)	(1)
	2022 £ 129,009 18,592	2021 £ 77,473 51,536
	147,601	129,009

15 Particulars of how particular funds are represented by assets and liabilities

At 30 June 2022 Tangible Fixed Assets Current Assets Current Liabilities At 1 July 2021 Tangible Fixed Assets Current Assets Current Liabilities	Unrestricted funds £ 71,842 76,776 (1,019)	Designated funds £ - -	Restricted funds £ - - -	Total Total Funds Funds £ £ 71,842 71,842 76,776 76,776 (1,019) (1,019)
	147,599	-	-	147,599 147,599
	Unrestricted funds £ 73,705 57,563 (2,259)	Designated funds £ - - -	Restricted funds £ - - -	Total Total Funds Funds £ £ 73,705 73,705 57,563 57,563 (2,259) (2,259)
	129,009	-	-	129,009 129,009

13

The Village Church Farm

Notes to the Accounts for the year ended 30 June 2022

16 Change in total funds over the year as shown in Note 15 , analysed by individual funds

Funds brought forward from 2021 Movement in funds in 2022 See Note 17 £ £ Unrestricted and designated funds:- Unrestricted Revenue Funds 129,008 18,592 Total unrestricted and designated funds 129,008 18,592 Total charity funds 129,008 18,592 Analysis of movements in funds over the year as shown in Note 16 Income Expenditure 2022 2022 £ £ Unrestricted and designated funds:- Unrestricted Revenue Funds 36,053 (17,461)	Funds brought forward from 2021 £ 129,008	Movement in funds in 2022 See Note 17 £ 18,592	£ - Transfers between funds in 2022	Funds carried forward to 2023 £ £ 147,600 147,600 Funds carried forward to 2023
	129,008	18,592	-	147,600 147,600
	129,008	18,592	-	147,600 147,600
			Other Gains & Losses 2022 £ -	Movement Movement in funds in funds 2022 2022 £ £ 18,592 18,592

17 Analysis of movements in funds over the year as shown in Note 16

18 The purposes for which the funds

Unrestricted and designated funds:-

Unrestricted Revenue Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

19 Ultimate controlling party

The charity is under the control of its legal members.

14