Company registration number: 07663557 Charity registration number: 1156143
**THE VILLAGE CHURCH FARM TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025**
Keith May Accounting Services Ltd Aura Business Centre Heath Road Skegness Lincolnshire PE25 3SJ
## **The Village Church Farm Contents**
||**Page**|
|---|---|
|Trustees' Report|1—3|
|Independent Examiner's Report|4|
|Statement of Financial Activities (including Income and Expenditure Account)|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7—12|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities (including Income and Expenditure Account)|13—14|
## **The Village Church Farm Company No. 07663557 Trustees' Report For The Year Ended 30 June 2025**
The trustees present their report and the financial statements for the year ended 30 June 2025.
## **Objectives and Activities**
## **Aims and Objectives**
The object of the charity is the promotion and advancement of the education of the public and the community 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 for the whole community situated in an open-air museum of agricultural history.
## **Public Benefit**
During the year, the charity hosted numerous events and also offered educational visits for local schools as well as hosting weekly activities and developing the collections.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
## **The contribution of volunteers during the year.**
The charity relies on the voluntary work of the directors and members.
## **Financial Review**
## **Financial Position**
Total expenditure in the year amounted to £45,557 and we have cash funds of £18,899.
## **Reserves Policy**
Our policy is to have sufficient unrestricted reserves to cover 12 months activities and administration costs.
## **Structure, Governance and Management**
## **Trustee Selection Methods**
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**
## **Trustees**
Mr Peter Barry Mr Paul Dixon Mr Stanley Garner-Jones Mr Russell Steadman Mr Michael Walton Mr Darrell Bangs Mr Christopher Childerley (appointed 03/10/2025) Ms Sally Hurst (appointed 04/06/2025)
## **Charity Number**
1156143
Page 1
**The Village Church Farm Trustees' Report (continued) For The Year Ended 30 June 2025**
## **Company Number**
07663557
## **Independent Examiner**
Keith May ACMA CGMA Keith May Accounting Services Ltd Aura Business Centre Heath Road Skegness Lincolnshire PE25 3SJ
Page 2
## **The Village Church Farm Trustees' Report (continued) For The Year Ended 30 June 2025**
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of The Village Church Farm for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Paul Dixon Trustee 23/03/2026
Page 3
## **The Village Church Farm Independent Examiner's Report to the Trustees of The Village Church Farm For The Year Ended 30 June 2025**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025.
## **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 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.
Keith May ACMA CGMA 23/03/2026 Aura Business Centre Heath Road Skegness Lincolnshire PE25 3SJ
Page 4
## **The Village Church Farm Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 June 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Investments
**4**
Other
**5**
**EXPENDITURE ON:**
Raising funds
**8**
**NET EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**17**|**Unrestricted**
**funds**
**£**
23,778
-
680|**Restricted**
**funds**
**£**
22,000
-
-|**2025**
**Total**
**funds**
**£**
45,778
-
680|**2024**
**Unrestricted**
**funds**
**£**
27,665
70
-|
|---|---|---|---|---|
||24,458|22,000|46,458|27,735|
||(39,780)|(7,362)|(47,142)|(50,514)|
||(15,322)|14,638|(684)|(22,779)|
||(15,322)
116,539|14,638
-|(684)
116,539|(22,779)
139,318|
||101,217|14,638|115,855|116,539|
The notes on pages 7 to 12 form part of these financial statements.
Page 5
## **The Village Church Farm Balance Sheet As At 30 June 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**12**
Investments
**13**
**CURRENT ASSETS**
Debtors
**14**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**15**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted Funds
Unrestricted Funds
**TOTAL FUNDS**
**17**|**Unrestricted**
**funds**
**£**
66,678
1|**Restricted**
**funds**
**£**
-
-|**2025**
**Total**
**funds**
**£**
66,678
1|**2024**
**Total**
**funds**
**£**
68,262
1|
|---|---|---|---|---|
||66,679
32,184
4,261|-
-
14,638|66,679
32,184
18,899|68,263
37,096
12,741|
||36,445
(1,907)|14,638
-|51,083
(1,907)|49,837
(1,561)|
||34,538|14,638|49,176|48,276|
||101,217|14,638|115,855|116,539|
||101,217|14,638|115,855|116,539|
||||14,638
101,217|-
116,539|
||||115,855|116,539|
For the year ending 30 June 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Paul Dixon Trustee 23/03/2026
The notes on pages 7 to 12 form part of these financial statements.
Page 6
**The Village Church Farm Notes to the Financial Statements For The Year Ended 30 June 2025**
## 1. **General Information**
The Village Church Farm is a company limited by guarantee, incorporated in England & Wales, registered number 07663557 and registered charity number 1156143. The registered office is .
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Incoming Resources**
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.
## 2.3. **Resources Expended**
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.
## 2.4. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% Straight Line Plant & Machinery 25% Reducing Balance
## 2.5. **Investments**
## 2.6. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 3. **Income from Donations and Legacies**
|Donations and gifts
Grants|**Unrestricted**
**funds**
**£**
20,778
3,000|**Restricted**
**funds**
**£**
-
22,000|**2025**
**Total**
**funds**
**£**
20,778
25,000|
|---|---|---|---|
||23,778|22,000|45,778|
Page 7
## **The Village Church Farm Notes to the Financial Statements (continued) For The Year Ended 30 June 2025**
|Donations and gifts
Grants
4.
**Investment Income**
Interest on short-term deposits
5.
**Other Income**
Insurance Claim
6.
**Government Grants**
Government grants recognised in the accounts were as follows:
Lincolnshire County Council
East Lindsey District Council
7.
**Net Income/(Expenditure)**
The net expenditure is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned|**Unrestricted**
**funds**
**£**
23,556
4,109|**Restricted**
**funds**
**£**
-
-|**2024**
**Total**
**funds**
**£**
23,556
4,109|
|---|---|---|---|
||27,665|-|27,665|
|||**2025**
**Unrestricted**
**funds**
**£**
-|**2024**
**Unrestricted**
**funds**
**£**
70|
|||**2025**
**Unrestricted**
**funds**
**£**
680|**2024**
**Unrestricted**
**funds**
**£**
-|
|||**2025**
**£**
23,000
2,000|**2024**
**£**
4,109
-|
|||25,000|4,109|
|||**2025**
**£**
1,584|**2024**
**£**
2,114|
Page 8
## **The Village Church Farm Notes to the Financial Statements (continued) For The Year Ended 30 June 2025**
|8.
**Analysis of Expenditure**
Raising funds
Raising funds
9.
**Support Costs**
Employee costs
Premises expenses
General administration
Depreciation
Interest payable
Employee costs
Premises expenses
General administration
Depreciation
Interest payable
Governance costs|**2025**
**Support**
**costs**
(see note 9)
**£**
47,142|
|---|---|
||**2024**
**Support**
**costs**
(see note 9)
**£**
50,514|
||**2025**
**Raising**
**funds**
**£**
26,593
9,947
8,994
1,584
24|
||47,142|
||**2024**
**Raising**
**funds**
**£**
23,463
1,920
20,572
2,114
19
2,426|
||50,514|
Page 9
## **The Village Church Farm Notes to the Financial Statements (continued) For The Year Ended 30 June 2025**
## 10. **Staff Costs**
Staff costs were as follows:
|Wages and salaries
Other pension costs|**2025**
**£**
26,000
593
26,593|**2024**
**£**
22,755
496|
|---|---|---|
|||23,251|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
## 11. **Average Number of Employees**
Average number of employees during the year was: 1 (2024: 1)
## 12. **Tangible Assets**
## **Land & Property**
|**Cost**
As at 1 July 2024
As at 30 June 2025
**Depreciation**
As at 1 July 2024
Provided during the period
As at 30 June 2025
**Net Book Value**
As at 30 June 2025
As at 1 July 2024
3.
**Investments**
**Cost or Valuation**
As at 1 July 2024
As at 30 June 2025
**Provision**
As at 1 July 2024
As at 30 June 2025
**Net Book Value**
As at 30 June 2025
As at 1 July 2024|**Freehold**
**£**
61,932|**Plant &**
**Machinery**
**£**
30,627|**Total**
**£**
92,559|
|---|---|---|---|
||61,932|30,627|92,559|
||-
-|24,297
1,584|24,297
1,584|
||-|25,881|25,881|
||61,932|4,746|66,678|
||61,932|6,330|68,262|
||||**Listed**
**£**
1|
||||1|
||||-|
||||-|
||||1|
||||1|
## 13. **Investments**
Page 10
**The Village Church Farm Notes to the Financial Statements (continued) For The Year Ended 30 June 2025**
## 14. **Debtors**
|4.
**Debtors**|||
|---|---|---|
|**Due within one year**
Other debtors
5.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Other creditors
Taxation and social security
Accruals and deferred income|**2025**
**£**
32,184
**2025**
**£**
(1,943)
2,724
490
636
1,907|**2024**
**£**
37,096|
|||**2024**
**£**
(1,943)
2,692
176
636|
|||1,561|
## 15. **Creditors: Amounts Falling Due Within One Year**
## 16. **Pension Commitments**
The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £593 (2024: £496).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
## 17. **Movement in Funds**
|**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Building Repairs
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1 July**
**2024**
**£**
116,539
-|**Income**
**£**
24,458
22,000|**Expenditure**
**£**
(39,780)
(7,362)|**As at 30**
**June 2025**
**£**
101,217
14,638|
|---|---|---|---|---|
||116,539|46,458|(47,142)|115,855|
||**As at 1 July**
**2023**
**£**
139,318|**Income**
**£**
27,735|**Expenditure**
**£**
(50,514)|**As at 30**
**June 2024**
**£**
116,539|
||139,318|27,735|(50,514)|116,539|
## 18. **Transactions with Trustees**
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
Page 11
## **The Village Church Farm Notes to the Financial Statements (continued) For The Year Ended 30 June 2025**
|**2025**|**2024**|
|---|---|
|**£**|**£**|
## 19. **Related Party Disclosures**
## 20. **Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 12
## **The Village Church Farm Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 June 2025**
|**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Donations and gifts
Donations from individuals
Government Grants
**Investments**
Interest on short term deposits
**Other**
Insurance Claim
**EXPENDITURE ON:**
**Raising funds**
Wages and salaries
Employers pensions - defined contributions scheme
Staff training
Travel and subsistence expenses
Rates
Light and heat
Water rates
Other premises costs
Hire and leasing of plant, equipment and vehicles
Vehicle fuel costs
Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Postage
Advertising and marketing costs
Telecommunications and data costs
Accountancy fees
Legal fees
Subscriptions
Sundry expenses
Printer Contract|**2025**
**Total**
**funds**
**£**
38
20,740
25,000|**2024**
**Total**
**funds**
**£**
-
23,556
4,109
27,665
70
70
-
-
27,735
(22,755)
(496)
(211)
(1)
(379)
(1,271)
(270)
-
(1,926)
(291)
(4,240)
(3,624)
(84)
(50)
(859)
(943)
(7,357)
-
(184)
(504)
(510)
...CONTINUED|
|---|---|---|
||45,778
-||
||-
680||
||680||
||46,458
(26,000)
(593)
-
-
(798)
(1,708)
(79)
(7,362)
(672)
(74)
(161)
(4,212)
-
(7)
-
(1,137)
(744)
(1,405)
(277)
(305)
-||
Page 13
**The Village Church Farm Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 30 June 2025**
|Depreciation
Bank charges
Professional fees
**NET EXPENDITURE**|(1,584)
(24)
-|(2,114)
(19)
(2,426)|
|---|---|---|
||(47,142)|(50,514)|
||(47,142)|(50,514)|
||(684)|(22,779)|
Page 14