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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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. 14. **Average Number of Employees** Average number of employees during the year was: 8 (2023: 10) 15. **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