Charity registration number: 1159160
PATHWAYS CARE FARM TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Holy Brook Associates Ltd
Pathways Care Farm Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Comparative Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7—13 |
Pathways Care Farm Trustees' Report For The Year Ended 31 December 2024
The trustees present their report and the financial statements for the year ended 31 December 2024.
Reference and Administrative Details
Trustees
Mr Joshua Wicks - Chair Ms Sadie Lofthouse (appointed 08/12/2024) Ms Eleanor Brown Mr Simon Paylor
Charity Number
1159160
Independent Examiner
Rachel Eden FCMA Holy Brook Associates Ltd Curious Lounge Reading Berkshire RG11NH
Page 1
Pathways Care Farm Trustees' Report (continued) For The Year Ended 31 December 2024
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Joshua Wicks Trustee 16/10/2025
Page 2
Pathways Care Farm Independent Examiner's Report to the Trustees of Pathways Care Farm For The Year Ended 31 December 2024
I report to the trustees on my examination of the accounts of Pathways Care Farm (the Trust) for the year ended 31 December 2024.
Responsibilities and Basis of Report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
Since the Trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Chartered Institute of Management Accountants, which is one of the listed bodies.
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 Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Rachel Eden FCMA 17/10/2025 Curious Lounge Reading Berkshire RG11NH
Page 3
Pathways Care Farm Statement of Financial Activities For The Year Ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities: 4 Charitable Activities Other trading activities 5 Investments 6 Other 7 EXPENDITURE ON: Raising funds 9 Charitable activities: 9 Charitable Activities NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 20 |
Unrestricted funds £ 17,763 218,465 10,678 3,998 11,295 |
Restricted funds £ 82,855 - - - - |
2024 Total funds £ 100,618 218,465 10,678 3,998 11,295 |
2023 Total funds £ 54,402 201,440 25,100 3,070 8,191 |
|---|---|---|---|---|
| 262,199 | 82,855 | 345,054 | 292,203 | |
| (14,738) (210,701) |
- (88,566) |
(14,738) (299,267) |
(10,214) (275,462) |
|
| (225,439) | (88,566) | (314,005) | (285,676) | |
| 36,760 | (5,711) | 31,049 | 6,527 | |
| 36,760 380,534 |
(5,711) 23,278 |
31,049 403,812 |
6,527 397,295 |
|
| 417,294 | 17,567 | 434,861 | 403,822 |
The notes on pages 7 to 13 form part of these financial statements.
Page 4
Pathways Care Farm Comparative Statement of Financial Activities For The Year Ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities: 4 Charitable Activities Other trading activities 5 Investments 6 Other 7 EXPENDITURE ON: Raising funds 9 Charitable activities: 9 Charitable Activities NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 20 |
Unrestricted funds £ 17,214 201,440 25,100 3,070 8,191 |
Restricted funds £ 37,188 - - - - |
2023 Total funds £ 54,402 201,440 25,100 3,070 8,191 |
|---|---|---|---|
| 255,015 | 37,188 | 292,203 | |
| (10,214) (245,767) |
- (29,695) |
(10,214) (275,462) |
|
| (255,981) | (29,695) | (285,676) | |
| (966) | 7,493 | 6,527 | |
| (966) 381,510 |
7,493 15,785 |
6,527 397,295 |
|
| 380,544 | 23,278 | 403,822 |
The notes on pages 7 to 13 form part of these financial statements.
Page 5
Pathways Care Farm Statement of Financial Position As At 31 December 2024
| Notes FIXED ASSETS Tangible Assets 15 CURRENT ASSETS Debtors 16 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 17 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES Creditors: Amounts Falling Due After More Than One Year 18 NET ASSETS FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds TOTAL FUNDS 20 |
Unrestricted funds £ 258,744 |
Restricted funds £ 168,648 |
2024 Total funds £ 427,392 |
2023 Total funds £ 400,771 |
|---|---|---|---|---|
| 258,744 2,077 161,553 |
168,648 - 17,567 |
427,392 2,077 179,120 |
400,771 14,071 180,106 |
|
| 163,630 5,420 |
17,567 (10,202) |
181,197 (4,782) |
194,177 (22,478) |
|
| 169,050 | 7,365 | 176,415 | 171,699 | |
| 427,794 | 176,013 | 603,807 | 572,470 | |
| (10,500) | (158,446) | (168,946) | (168,648) | |
| 417,294 | 17,567 | 434,861 | 403,822 | |
| 17,567 417,294 |
23,278 380,544 |
|||
| 434,861 | 403,822 |
The financial statements were approved by the board of trustees on 16 October 2025 and were signed on its behalf by:
Mr Joshua Wicks Trustee
The notes on pages 7 to 13 form part of these financial statements.
Page 6
Pathways Care Farm Notes to the Financial Statements For The Year Ended 31 December 2024
1. General Information
Pathways Care Farm is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1159160. The principal address 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 Charities Act 2011.
The charity 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. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Income from interest is included in the accounts when receipt is probable and the amount receivable 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 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. The charity has creditors which are measured at settlement amounts less any trade discounts. The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Tangible fixed assets for use by charity are capitalised if they can be used for more than one year, and cost at least £500. 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:
e, over their expected useful lives |
on the following |
|---|---|
| Freehold | 1% |
| Leasehold | 1% |
| Plant & Machinery | 15% |
| Fixtures & Fittings | 20% |
| Computer Equipment | 20% |
2.5. 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
Page 7
Pathways Care Farm Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
| Donations and gifts Gift aid Grants Donations and gifts Gift aid Grants 4. Income from Charitable Activities Charitable Activities 5. Income from Other Trading Activities Income from other trading activities Training services Fundraising events Shop income 6. Investment Income Interest on short-term deposits |
Unrestricted funds £ 16,774 989 - |
Restricted funds £ - - 82,855 |
2024 Total funds £ 16,774 989 82,855 |
|---|---|---|---|
| 17,763 | 82,855 | 100,618 | |
| Unrestricted funds £ 15,911 1,303 - |
Restricted funds £ - - 37,188 |
2023 Total funds £ 15,911 1,303 37,188 |
|
| 17,214 | 37,188 | 54,402 | |
| 2024 Unrestricted funds £ 218,465 |
2023 Unrestricted funds £ 201,440 |
||
| 2024 Unrestricted funds £ 1,392 - 857 8,429 |
2023 Unrestricted funds £ 3,411 12,450 - 9,239 |
||
| 10,678 | 25,100 | ||
| 2024 Unrestricted funds £ 3,998 |
2023 Unrestricted funds £ 3,070 |
Page 8
Pathways Care Farm Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
7. Other Income
| . Other Income |
||
|---|---|---|
| 2024 | 2023 | |
| Unrestricted | Unrestricted | |
| funds | funds | |
| £ | £ | |
| Other income type A | 11,295 | 8,191 |
8. Net Income/(Expenditure)
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned
| 2024 | 2023 |
|---|---|
| £ | £ |
| 28,309 | 22,396 |
9. Analysis of Expenditure
| Raising funds Charitable Activities Raising funds Charitable Activities |
Activities undertaken directly £ 14,740 70,139 |
Support costs (see note 11) £ (2) 229,128 |
2024 Total £ 14,738 299,267 |
|---|---|---|---|
| 84,879 | 229,126 | 314,005 | |
| Activities undertaken directly £ 10,212 48,115 |
Support costs (see note 11) £ 2 227,347 |
2023 Total £ 10,214 275,462 |
|
| 58,327 | 227,349 | 285,676 |
10. Grants Payable
The charity did not make any grants in the year.
11. Support Costs
| Employee costs Premises expenses General administration Depreciation Interest payable |
Raising funds £ - - (2) - - |
Charitable Activities £ 190,315 24,962 11,258 2,533 60 |
2024 Total £ 190,315 24,962 11,256 2,533 60 |
|---|---|---|---|
| (2) | 229,128 | 229,126 |
Page 9
Pathways Care Farm Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
| Employee costs Premises expenses General administration Depreciation Interest payable |
Raising funds £ - - 2 - - |
Charitable Activities £ 173,373 38,322 11,780 1,973 1,899 |
2023 Total £ 173,373 38,322 11,782 1,973 1,899 |
|---|---|---|---|
| 2 | 227,347 | 227,349 |
12. Independent Examiner's Remuneration
| Independent examination of the financial statements Other assurance services Tax advisory services Other financial services igures do not include non-recoverable VAT 3. Staff Costs taff costs were as follows: Wages and salaries Social security costs Other pension costs |
2024 £ 360 960 - - 1,320 2024 £ 180,700 9,288 7,928 197,916 |
2023 £ 300 840 - - |
|---|---|---|
| 1,140 | ||
| 2023 £ 172,054 7,538 6,893 |
||
| 186,485 |
Figures do not include non-recoverable VAT
13. Staff Costs
Staff costs were as follows:
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
- Average Number of Employees
Average number of employees during the year was: 8 (2023: 10)
- Tangible Assets
Land & Property
| Cost As at 1 January 2024 As at 31 December 2024 |
Freehold £ 80,000 |
Leasehold £ 403,857 |
Plant & Machinery £ 85,328 |
Computer Equipment £ 7,229 |
Total £ 576,414 |
|---|---|---|---|---|---|
| 80,000 | 403,857 | 85,328 | 7,229 | 576,414 |
...CONTINUED
Page 10
Pathways Care Farm Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
| Depreciation As at 1 January 2024 5,203 82,935 As at 31 December 2024 5,203 82,935 Net Book Value As at 31 December 2024 74,797 320,922 As at 1 January 2024 74,797 320,922 16. Debtors Due within one year Trade debtors Other debtors 17. Creditors: Amounts Falling Due Within One Year Other creditors Taxation and social security Accruals and deferred income 18. Creditors: Amounts Falling Due After More Than One Year Accruals and deferred income |
5,203 | 82,935 | 55,632 | 55,632 | 5,252 | 149,022 |
|---|---|---|---|---|---|---|
| 5,203 | 82,935 | 55,632 | 5,252 | 149,022 | ||
| 74,797 | 320,922 | 29,696 | 1,977 | 427,392 | ||
| 74,797 | 320,922 | 29,696 | 1,977 | 427,392 | ||
| 2024 £ 1,782 295 2,077 2024 £ - 3,630 1,152 4,782 2024 £ 168,946 |
2023 £ 3,614 10,457 |
|||||
| 14,071 | ||||||
| 2023 £ (112) 3,611 18,979 |
||||||
| 22,478 | ||||||
| 2023 £ 168,648 |
19. Pension Commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £3,398 (prior year £2,954)
At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors.
20. Movement in Funds
| Unrestricted funds General: General unrestricted fund Designated: Fixed Assets designated fund Total unrestricted funds |
As at 1 January 2024 £ 88,251 292,283 |
Income £ 262,199 - |
Expenditure £ (213,253) (12,186) |
As at 31 December 2024 £ 137,197 280,097 |
|---|---|---|---|---|
| 380,534 | 262,199 | (225,439) | 417,294 |
...CONTINUED
Page 11
Pathways Care Farm Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
| Restricted funds Deferred for Capital Expenditure East Suffolk Council (Nature First) - Community Hub Garden Suffolk Com Found - Hughes Hallett - Social Prescribing Project. Suffolk Community Foundation - Caring for Carers East Suffolk Council - Groundfloor Workshop Construction The Morrisons Foundation - "Woodwork for All Project" SCC - Lower Level Workshop Equipment Suffolk County Council - Lower Level Workshop Equipment East Suffolk Council, Enabling Communities Budget - LL Workshop Suffolk Com Foundation Police & Crime Comm - Ex Off Woodwork Course Suf Comm Foundation Apollo Fund - Re-imagining Health and Social Care Asda Foundation Grassroots - Children not accessing school/curriculum Suf Comm Foundation Fund - Sabariah's Fund - Hub Furniture etc Suf Com Found - Healthy Eating, Healthy Living - Children & Families SCC Clr E Back Locality Fund - NEW HUB SCC Clr R Harvey Locality Fund - Field to Fork - Schools SSE - Disability Access SCC (Councillors) - Accessible Track Suf Com Found - Frank Jackson Fund - Supporting Pathways & connection East Suffolk Council - Accessible Track Total restricted funds Total funds Unrestricted funds General: General unrestricted fund Designated: Fixed Assets designated fund Total unrestricted funds Restricted funds Suffolk Com Found - Hughes Hallett - Social Prescribing Project. East Suffolk Council - Groundfloor Workshop Construction |
- - - 16,340 6,938 - - - - - - - - - - - - - - - |
10,202 1,000 6,348 - - 3,400 5,270 2,400 2,000 16,200 10,101 1,084 2,000 2,000 2,000 2,850 1,000 6,000 5,000 4,000 |
(10,202) - (2,500) (16,340) (6,938) - (2,172) (1,346) - (16,143) (10,101) (1,084) (2,000) (2,000) (2,000) (2,850) (1,000) (6,000) (2,500) (3,390) |
- 1,000 3,848 - - 3,400 3,098 1,054 2,000 57 - - - - - - - - 2,500 610 17,567 434,861 As at 31 December 2023 £ 88,261 292,283 380,544 16,340 6,938 ...CONTINUED |
|---|---|---|---|---|
| 23,278 | 82,855 | (88,566) | ||
| 403,812 | 345,054 | (314,005) | ||
| As at 1 January 2023 £ 77,147 304,363 |
Income £ 255,015 - |
Expenditure £ (243,901) (12,080) |
||
| 381,510 | 255,015 | (255,981) | ||
| - - |
18,260 9,000 |
(1,920) (2,062) |
Page 12
Pathways Care Farm Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
| Funded capital projects Gardening course health course lift course Lonely and Isolation Group J Muir Course Warm rooms Project Meals on Wheels Project Learning and Growing Healthier Together Warm Welcome Learning and Growing together Total restricted funds Total funds |
2,015 1,000 1,000 2,000 3,600 1,200 2,970 2,000 - - - - |
4,993 - - - - - - - 1,760 375 1,000 1,800 |
(7,008) (1,000) (1,000) (2,000) (3,600) (1,200) (2,970) (2,000) (1,760) (375) (1,000) (1,800) |
- - - - - - - - - - - - |
|---|---|---|---|---|
| 15,785 | 37,188 | (29,695) | 23,278 | |
| 397,295 | 292,203 | (285,676) | 403,822 |
The level of general reserves are set to allow the charity to continue operating for a rolling 6 month period, based on the current budget forecast. etc.
The total unrestricted funds do not reflect general funds available to utilise, it is a consequence of the accounting process which requires the lease improvement projects completed to be added as assets. Therefore the designated funds figure reflects the designation of funds for the depreciation of fixed assets and if required the impairment of the leasehold asset. The designated reserves include building work the charity has been doing since taking on the farm.
21. Post Balance Sheet Events
There were no disclosable post year end events.
22. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
23. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
Page 13