FOOD AND FARMING DISCOVERY TRUST (A CHARITABLE INCORPORATED ORGANISATION) FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS COMPANY NUMBER. CE012563 CHARITY NUMBER: 1176121
FOOD AND FARMING DISCOVERY TRUST IA CHARITABLE INCORPORATED ORGANISATION) FOR THE YEAR ENDED 31 DECEMBER 2022 PAGE INDEX Legal and AdministratNe Details Report the Tnjstees Report olthe Independent Exaniner Statent of FInarla1 Actw5tS *or the Year BalatKe Sheet Notes to the Financial Statements 9-13
LEGAL AND ADMINISTRATIVE DETAILS Charity Reglstratlon No. 1176121 Company No. CE012563 Reglstered Address Norfolk Showground Dereham Road Norwich NR5 orr Tntee$ Robert George Russell Carter {resigned 14th December 2023) Gregory Stephen Smith {resigned 23r4 May 2024) Steffan Daniel Anderson Grifffths (Chaim)an) Ben Burgess Tumer Poul Jorgen Hovesen Mark Alexander Nicholas Dr cathne Mary Richards Phillip Hamilton Peter Ainsworth Jeremy Laurence Whrte {appointed 8° September 2022} Rachet Mary Courtney Quick (appointed 16th November 2022) Susan Mary Frances Penliryton (appoint 23rd May 2023) Independent Examlner Price Bailey LLP Anglia House 6 Central Avenue St Andrews Business Park Thorpe St Andrew Norwich NR7 OHR P4e1
FOOD AND FARMING DISCOVERY TRUST (A CHARITABLE INCORPORATED ORGANISATION} CHARITY NUMBER: 1176121 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present their second report and financial statements of the charitable organisation for the year ended 31 December 2022. The Trustees confi that the Anr)ual Report and finanal statements of the charty comp with the current statutory requirements, the requirements of the charity's goveming document and the provisions of the Statement of Recommended Practice (SORP}, applicable io charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 1. Reference and Admlnlstratlve Infomiation The .Food and Faming Discovery Trust {Ihe Trusf) is a Charitable Incorporated Organisation and a registered tharity. The Trust was constttuted on December 2017 in England and immediately commenced activities. The Trustees are listed on Page 1. 2. Objectives The principal objectrve of Ihe Trust is to advan the education of the public in Norfolk, in particular the education of chiklren of school age, in food production, famiing and countryside educakn'on. in such ways as the Trustees may from time to time delermine, ensuring the education is ptesented in a neutral and balanced manner. 3. Strategy adopted by the Trustees to implement the objectives The Trusys strategy remains to be: Providing activities to educate about Famiing in Norfolk and to identfy the best way to incorporate fam)ing into the cU1(lIUm. Seekn'ng to work more closely Mrylh schools and [legeS in Norfolk. Providing educational content for events held by the Royal Norfolk Agrlcultural Association. Public benefit The Trustees have had due regard to the Charity Commission's guidance to public benefft. The main activities undertaken to rther the charity's purposes for the public benefft are, through the provisKJn of advice to fijrther assist in the education of food and farming in Norfolk. 4. Risk Management The Trustees have the overall responsibility for ensuring that the tharty has an appropriate system of controls, financial and otherwse. The systems of financial control are design lo provide assurance against material misstatement or loss. They indude: Regular meetings of the Trustees at whid) the financial health of the Charitable Incorporated Organisation reported and discussed. Page 2
FOOD AND FARMING DISCOVERY TRUST (A CHARITABLE INCORPORATED ORGANISATION) CHARITY NUMBER: 1176121 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 Written policy as to the management of the Charitable Incorporated Organisation's funds by third parties. Financial procedures lo ensure the proper disiyjrsement of nnIeS owing by the Charitable Incorporated Organi8atTron. The Trustees have revwwj major rBks and establrshed systems together wilh appropriate monitoring prOlureS to mltigate them. The key risk controls used include: Fom]al agendas and minutes for all Committees and Board activty. Comprehensive strategic planning. budgeting and management accounting. Estsblished organisational structure and fines of reporting. Clear authorisation and approval levels. 5. Achievements and performance Review of activltles Key projects in 2022 have induded: Learn about Livestock. Learn about Livestock gNes pupils the Chan to experience farming firsthand and by enabting sthools to care for a ewe and her lamb(s) for a fijll school week. The project was ffirst pik)ted in 2019 and is aimed at giving children, ranging from Earty Years to Sixth Fom, the chance to learn about animal husbandry and to engage schools in food and famling education. Th year the project vS expanded to allow 14 schools across Norfolk and SuffoEk to take part in this rewaiding learning experience. This project was kindty sponsored by the Clan Trust. Dls¢overy Zone. The Discovery Zorte is the educattonal hub for Ihe Royal Norfolk Show. 11 aims to hsghlight and promote the links belween science, technology, engineering and maths, and food, fam)ing and the countryside. to teach children more about agriculture in their local area and where thr food comes from. This year the theme was the potato, and Ihe Discovery Zone Trail demonstrated a field to fork joumey for school groups and MberS of the public to enjoy and learn from. A number of brilliant organisations to be a part of the Discovery Zone and deliver content during the Show, including the Norwtch Science Festival, the Papillon Project and Morrisons. wrth over 8000 school children in attendan across the days and extremely positive feedback from teachers, we are exciied to begin plans for 2023.The Discovery Zone was generousty supported by a number of local chartties and trusts. Page 3
FOOD AND FARMING DISCOVERY TRUST {A CHARITABLE INCORPORATED ORGANISATION) CHARrrY NUMBER: 1176121 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 Digital Hub. 2022 saw the launch of the new FFDT Digital Hub, an online plafform full of information and exciting resources to help young people leam more about food. farming and the countyside. The Digital Hub contains exctting interactive elements for users to explore. including Whays In The Field. intera¢tNe maps that enable visitors to explore the Norfolk countryside by region or by season. a Careers Section that allows vi5ttors to find out more about the career opportunities and training schemes available locally and the ever popular Conscious Consumers Resources that span topical issues around food, agriculture and the environment Show Ambassadors. This rV iniiiative for Sth Form Students promotes leadership, communication and teamworking skills. by giNllng students the responsibility of being an integral part of the Discovery Zone at the Royal Norfolk Show. We had 46 Sixth Form Students from fve schools and colleges take part in 2022, and they all did a fantastic job engaging with the general public. spectal guests and school groups. We look forward to expanding this stheme for 2023. Forest Gardens for Schools. In recognition of the Queen's Platinum Jubilee. we launched a joint project with the SAW Trust. Nik Thomson Horticulture and th8 Gressenhall Environment Hub called Forest Gardens for Schools. We hope this project will help schools to create sustainable. tMI)dNerse spaces, which can also yield food, whilst teaching students about woodland ecology and liodiversity. In the first pilot year of the proje(I we are worktng vthh four schools. These types of gardens use the wnciples of forest ecology to have layered Fdanting that predominantly provide sources of malerials and food for use. We are building in resilience lo changing dimate into the gardens by creating more shaded areas. better soil structure and a carbon sink. This is a new venture that we are working closely wrth teachers and school grounds teams on to explore both the viabilty and benefits to enable more schools to participate in the project This project is generously fvnded by the John Innes Foundation. b. Going concern Throughoul the year. the Trustees have considered the kvel of funds held at the year and also consideTed Ihe forecast income and expenditure to 315E December 2024 to be sufficient with the level of reserves for the Trust to be able to continue as a going concern. S. Review of Finances Al the end of the year the Trust made a surplus of £21,599 (2021.. £30,647). The closing funds at the year*nd was £57,052 (2021: £35,453). The charity is aware of its responsibilities for impkmenting a reswes policy. The unrestricted resetves are held to support administration and overhead costs. The intention is that this should be grown and maintained in surplus. Such unrestricted income is expendakAe at the disuetion of the Trustees in the furtheran of the objectives of the charity. Page 4
FOOD AND FARMING DISCOVERY TRUST (A CHARITABLE INCORPORATED ORGANISATION) CHARITY NUMBER: 1176121 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 During the year. the tTUSt receNed donations and grant funding from the John Innes Foundation, Royal Norfolk Agricultural Association. Cty College Norwich, the Thomas Franks Foundation, the Clan Trust and the DC Moncrief CharItae Trust 6. Structure, Governance and Management The charity is govemed by its constitution vknkch was adopted on 6th December 2017. The management ofthe charity is the responsi1.[ty of the Trustees who are elected under the terms of the goveming document In selecting individuals for appointment as Trust, the charity Truslees must have regard to the skills. knoN¥ledge and expersence needed for the effective administration of the TTUSt. On behalf of the board of Trustees SOA GrifFrths MA Nitholas Date: 04110124 Page 5
Independent Examlner's Report to the Trustees of Food and Famiing Discovery Trust I reportto the charty trustees on my examwwtpJn of the accounts of Ihe clwtty forthe year ended 31 tknmber 2022 whi( a set (xrt on pages 7 to 13. Responslbllltles and basls of report s the (iwity's tnIst you a reSponsibf0r1he Fryati( of the aco)unts in accordance with the r4uirements ofthe Chartties Act 2011 Iyhe Acr). I reptsrt tn resped of my examinalmjn of ax(yJrts caried urKler seLton 145 of the Ao and in carryirwJ out my examination I have fo]bl all apFaKzb tireGkn grven by the Charity Commission under tion 145{5Xb) of the Act. Independent examlnerfs statemenl I have coMeted my examination. I wnfrm Ihat rKI mial male have ¢(xne to my attention in comection with the examination gviNJ me uSe to believe that in any material respett. 1. accounting records were rM)t kept in resFect ofthe cw as by Sl0n 130 ofthe Ac*,. or 2. the accounts do not accord WEth those records: or 3. the accounts do not comply with the rffntS D)rKerrdng the fomi )ntent of accounts set out in the CharitEs (A¢Unts a1 Rep$) Rlati¢ 2008 ¢)ther than any requirement that the a(xounts give a true and far v4htch Is rKrt a mattw cOr6KJl as pat of an independent examiiation. I have no concems arKI have come across no (ts rrratter5 in o)n[n wilh the examination to whh attentn shoukl drawn in this report order to enable a FfOFer uThknnthng ofts aCcnts to be reach&J. Aaron Wddows ACA FCCA On half0f Prlce Bailey LLP Chartered Accountsnts Anglia House, 6 Central Avenue St Andrews Business Park Thorpe St Andrew Norwich NR7 OHR Date." 4 Octolxr 2024
FOOD AND FARMING DISCOVERY TRUST Statement of Finan¢ial ktimties For the year ended 31 December 2022 2022 2021 YrAal Total Incorne from: Donations and Legacges 67.467 67.467 91,247 Ineom• from Charltabl• Aetlvltlès 9.125 9,125 Total Incomb Expendlture on Charitable Actfvlll•s Other Charttable ExFeThYilure 60,600 Total Expendtw6 54,993 60,600 Net surplU(deriCltI on operating actlvities 21.599 21,599 30.647 Net MoYém•nt In fvrKI$ 21.599 21,599 30.647 Reconcilration of funds Funds brought forward .453 35,453 Total f$ wie(I forward 57.052 35A53 Page 7
FOOD AND FARMING DISCOVERYTRUST Balance Sheet as at 31 December 2022 2022 2021 Current assets Debtors Tc*al current assets 65,768 65.768 43,948 Creditors.. amunts falling due thIn one year 8,716 8,495 Net assets less current liabilities 57.052 35.453 Net Asset51lLiabilitiesl 57.052 35,453 Represénted by the funds of the charity: Unrestrl¢t&d Funds: Unrestricted reserves Total Funds 10 57,052 57.052 35.453 35.453 The finanaal statements were approved by the board of trustees on SiJned on behalf of the Ixxrd of trustees SDA Grwffilhs AA NKhc4as Th8 no18s on pages 9 to 13 fom) part ofthese financial statements Page 8
FOOD AND FARMING DISCOVERY TRUST Notes 10 the FanUal Statements For the year ended 31 Derntrr2O22 1 stat£me of AccountlTrJ Polkles Ba¥ls of aEcountin9 The Foud Farrr4ng Di5covety Trust a tharitablB oryar5aiKffl. irowrd reWred addres5 is M)rfdk SIwroLJ. Dereh3m RJ. NR5 OTT. 7he Finarttial Statemerts have bÈen tryared undÈrthÈ ly5t01 tost LYNention.Theffflanci?I stslernents have prepa1 In accordance vmih Fironual Reportin9 SlaThJard appla li ts UK ¥KJ Republic of IrelaNI IFRS102 1A1 (effective 1 January 20191, Statefflent ofRecotntTEd8d Prad1 IFRS 1Q21. (x41r9 $arts aThY 1chanbe$ Ad2011. The StateDnts are presented stethy and rtyJThJed to resi FO)th1. The Food and FarmlTrJ Tntsl meets the defi0Th ofa uhler FRS 101 Golng concern Tle Trustees have cowdered the hebj at the)areThl UXL8Klered Ihe fc•e¢ast 8rn1 oxpendNure to 31st Dber2024 tobe sufftientwiYJtkE ofresetves fthe Tryt0 be abkto Corti as a gtxry LXYKEtn. Judggmerts and koysoU ol 8¥txnaUon uncertafjnltes D&btors Trade and tttlrdebtths are rE¢xNJnwl 3Elhe srEnt JrwtEafter any Irade 01scot offerwL PrepayTrents are v#Rd at 8mount prepaid net of any trade di$rA)u>tsdw. AcuLd tax r¢)verab ts It11(1 atl1 I$t estrnate ofthe amounis r1Vab attrE balarK£ sheet¢Jate. C¥adrto CredtioT¥ are Tecogrised WI8 the dwity has a presert ¢aticffi reslth.ro from a p85t th8tTrth wobably rewll kn the transler of fvnds lo a third pÈrty Ihe amourrtdue to seitte (Ajhgth G4Tr be rlleasw we5brnd ¢tlit(S are nottnal recognised al Iheir88tUement armwi aftw alknmng ry tre . FInal41 In5¢rumonts The charity orty ha$ fitwaal assets aTrY balNTrs of a IMqLSty8s basKffianoal instrwients. Basiefinano iThstrLWnls are inilialty retognised attransa(on ¥akJÈ atKI $th$eq rvaE35 alttE bnce Sheet date. finanr4al instruments ofthe olanty are measured al r))st Finanuai t56èts irth(le tra( debtry5 irtexrAth yepayrrwts. Fin8ntial liablits(nclude other aThl atr3. kncomè All ¥KOmiT¥J re5tsw are Ihe State ofFIn9 Ihe va legalty enffikd lo ihe Ir£ and trE Expendliurfr Expenditu recLwJrised there is 8 cf¥abon lo tett0 a p8ty, It is prob8bk th8t a Iransfer of econrrKC benfts %ill be requir set112rr and arml Ihe ar(KAt of Ihedg3bM can be measLred reliably. ort costs are those lththons Ihat as&sl the) of Chatrty tmrtdo tK)t diredty undertake tharitaE athvities. Supp¢wt costs indude bk offi costs. finarKe. Orr1. paW aTrJ gTr•wfI8n ¢c6t$vh il Charivs acimtbes. Tfs8 ffjsts have been allgQt&i lo expenditure th3raNe aiwTbes. GoverTharhz costs are 1rdled in SUFVOrt arhl rdate to Ihe ¢J¥eclorrirvJ oltr Chwty. il lo operate and generate the iff0mlati rerptsed ftrlmA dixountatslity. Tlwwthjde costs of arAxKJrts prepwakn ¥rtl WKJepen(lente¥arnirwt. Pensions The Charity Fxomdets adefod rtht(thIKXI S(• r*•tyand ts staff e8chfurKt s(tsE. manaGed by a third party w0¥er. assels olwhlch are hdj by ts pro¥bJ separately assets of pen$K)n thatrJÈ in the finanixal slatemert5 represents ihe arnOts payabk ttJarity to respect ofthe P•Je g
FD AND FARMING DISCOVERY TRUST Notes lo the Financial Statemw)ts FoTthe year end[ 31 December 2022 Stat8ment of Ac¢¢)untln9 Pollcles Icontknued) corpo0 tsx The Charity eTrptfroM taxatJn in resFed of irKome caprtd gains r8csi¥ed cAtegories covered by Chapler 3 Part 11 of Ih8 Corporat Tax Act Z010 orS&ion 256 ofthe Taati OfCharye8b Gain8 Act 1992, 10 Ih8 axtent that suth incom8 orga are apPrd exch&8Nety to th8 18ritth purpc¢ses. Fund accounttng Unreslricbl fund5 are those areavaiW forthe gerw4 purp¥)5es of tIE Chaw at the discrBtK)n Of the Trustee5. Donations and Lggar4BS 2021 Totsl Totsl Donatn$ 67.467 67.467 67.467 67.467 91.247 91,247 In 2021, of d(maon$ totallw £91247. £71,247 unre5trirted aTra £20,cwer? r8striXed. com8 from chall1a Activlll85 VTrr•siwted 2022 2021 Irne from School Events Other EducalKnal Activities 3,125 6.OCM) 9.125 Analysls Of Oth8r Charftabk Ey¥endlture Direct StpOrt Totsl 2022 sala1s PÈnsh)n Costs Event Costs & Rwdoufc8S Travel & Sub8&816nc* Accountancy Wet6it8 Development Lega & Professional Fees Govemance Costs Fund Ratsing Costs Printiw Insurance Advertising Traikr Maintenance Sponsotship Bank charges Sundries 28,693 1,225 6,708 28,693 1.225 6,708 599 1.680 9,152 1,123 592 2,510 102 1,120 563 242 250 250 9.152 1,123 2.510 102 1.120 563 242 250 250 37,467 17.S26 $4.993 10
FOOD AND FARMING DISCOVERY TRUST Notes to the Financial Statements For the year ended 31 DetsmLw 2022 Analysi$ Of Oth•r Charitable EXltu (Continued) AJ expenditure is unTestiicted. Oire¢t Support Costs Total 2021 Event Costs & Reswrces AountanC Webstte DevelowHent Printing Insurance Advertising Trailer Proiecl Subs(xiplion5 Bank tharges 29,218 29,218 1.080 20,259 305 1.065 38S 1,080 20259 305 1.065 385 7.842 250 250 196 37,060 23,540 60.600 Induded wtthin Website Developrrenl is restricled expenditijre of£20.(M)O. The reniniNJ expenditure of £40, is Unrestted. Governance Costs 2022 2021 Trustee Meetings Minutes Independent Exarnination Fee Fees payable to the Independent Examiner in respect of oth•r seNices 592 1.080 1560 1.080 Tntstsè Rèmumratlon No remuneration nor expenses were paid durirvJ the period to the Trustees (2021". £Nill. Staff Costs Staff o)sts were as follows: 2022 2021 Wages and Salaries Sooal Seeurty Costs Other Pension Costs 28,535 158 1.225 29.918 Tre average num ofpersons empJoy8d by Ihe thtty d)ng the year was as folkw.. 2022 2021 No employee receN reMUna10n 8mwnb"TrJ to Tre than £60.(X)O in the period12021.. NID. The total remuneratKM of trustee and key management pne1 in the peTic4J amounted to £NI12021.' £Nil}. Page11
FOOD AND FARMING DISCOVERY TRUST Notes to the Financial Statements For the year ended 31 December 2022 Dgbtor¥ 2022 2021 Other Debtors Prepayrnenls and AccDJed Income 65,405 363 6S,788 43,708 240 43.948 Crètht<ys: Amounts falling due wrthin one year 2022 2021 Trade Cred((or5 Other Creditors Socxal Security al Other Taxes Awuabs 4.654 1.715 890 1.457 8,716 7,214 1,281 8,495 10 Totsl Fund$ Sunwnary UnrnstTlctsd Reserve Totsl 2022 Balan al 1 January 2022 Incoming resources .ReSour$ expended Balance at 31 December 2022 35.453 76.592 154.9931 S7.OS2 35,453 76 592 $4,993 67.052 Total 2021 Reserve ReseNe Balance at 1 January 2021 Incoming resources Resour¢es experKled Bal8n¢e al 31 De¢ember 2021 4,8( 91,247 60.600 35.453 71.247 40.6001 35.453 20,000 20.000 11 Analysls of Net Assets between fund¥ Fund balan¢es at 31 Decmber 2022 are represented by: Unr¢strl¢tod Total Funds- Current assets Current liabilities Balance at 31 Decemtr 2022 65.768 18,7161 57,052 65,768 8.716 57.052 Fund balan$ at 31 December 2021 are represented by: Unrestricted Reserve Total Fund$ Current assets Current liab¢'lities Balan at 31 December 2021 43,948 8,495 35,453 8.4951 35,453 Page 12
FOOD AND FARMING DISCOVERY TRUST Notes to the Financial Statements Fcf the year ended 31 December 2022 12 Penslon ¢ommttments The charity operates a defined contribution penson 5clme. The assets of scl)eme are held separately from those ol the charity in independenuy MiniS1red fvnds. The total nsIOn cost charge represents ¢ontn"butions payable by the (arity to ftjnds amounted to £1.22512021.. Énill. Contributio5 totalling t1,71512021'. £nill We payab tothe fuNI at ban sheet d and are induded in creditors. 13 Relatad pae5 The Royal Norfolk Agricxjltural Association (RNAAI is a reL8ted party as Dr C M Richards is a Trustee of the RNAA and M A N#J)olas MBE DL i8 the Managing Director ofthe During the year the RNAA recharged èxpenses totaling £8,96212021." £Nai and its subsdN8ry char9ed the Trust a trade stsnd fee for tha Norfolk Farming conferen of£42012021." £NiD. The RNM made a grant to the Trust in the yearto 2022 of£15,000 12021." 2 grants of £26,570) rdatiThJ to staffiry 51PPOrt. DJriThJ the year the RNAA CL¥nmissioned aclivity frry the Trust amounting to £6.¢yJ)12021.. £Nill. At 31 December 21)22 the Trust was owl frorn Ihe RNM a balan of£65,40512021'. £43,708) and i8 induded tihin Otsr t)ebtor8oftsE TTUSt The RNAA also ackd as an went (bn behalfoflhe T durirvJ the year. wth income beirvJ reNe talling £76.5g212021'. £64,6771 aThY exnditre beiThi irfftjrred totslling e54.89512021". £43.3911, through deswJnated bank account. At 31st December 2022 a ¢a5h balan wa5 hekl on behalf of the Trust of £65,405 12021. £43,7081. Bule¥S Equiprrent Lwnrted. rjae uttjmate paTent undertaking is RG Carter Holdings Limited a tompany ntroled by R G Carter, has m* availabk a traibrto be frjredurxtional 8d1vitsth unlirnitgj use. Thera ar• oth•r related party transactions to dlsdose. Pag8 13