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|Contents|||Page|
|---|---|---|---|
|Reference and administrative
details ofthe Charity,|its Trustees,|and its advisers||
|Report ofthe Trustees|||3-7|
|Independent
Examiner's
Report||||
|Statement of Financial Activities||||
|Balance Sheet|||10|
|Notes to the Financial Statements|||11-19|
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|Charity|Name|Name||||CoFarm Foundation||
|---|---|---|---|---|---|---|---|
|Charity|Registration|||Number||1193795||
|Company||Registration|||Number|12267456||
|Principal||and|registered||office|Allia Future Business Centre||
|||||||Cambridge||
|||||||Kings Hedges Road||
|||||||Cambridge||
|||||||CB4 2HY||
|he Trustees||||||Mr Richard Brooks||
|||||||Dr Benjamin Cowell||
|||||||Dr Arun Gupta||
|||||||Dr Laura James||
|||||||Mrs Susan Pritchard||
|||||||Mrs Sally Vergette||
|ndepend|e|nt|Examiner|||J.Watkin
FCA BA (Honsj||
|||||||Purple Cat Accountancy|Limited|
|||||||87 Highgate
Road||
|||||||Walsall||
|||||||West Midlands||
|||||||WS1 3JA||
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|Year ended 31 October 2|022||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||Funds|Funds|2022|2021|
|||Note|||||
|Income from:|||||||
|Voluntary
income|||68,764|30,000|98,764|121,986|
|Charitable
activities|||2,127||2,127||
|Total Income|||70,891|30,000|100,891|121,986|
|Expenditure
on:|||||||
|Charitable
activities|||90,381|28,771|119,152|122,997|
|Total resources expended|||90,381|28,771|119,152|122,997|
|Net income
/ (expenditure)|for||||||
|the year before other|||||||
|recognised
gains or (losses)|||(19,490)|1,229|(18,261)|(1,011)|
|Transfer between funds|||1,229|(1,229)|||
|Net movement
in funds|||(18,261)||(18,261)|(1,011)|
|Reconciliation
offunds|||||||
|Fund balance at 1 November|||||||
|2021||15|(56,837)||(56,837)|(55,826)|
|Fund balance
at 31 October|||||||
|2022||15|(75,098)||(75,098)|(56,837)|
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|Registered
company|number:|12267456|||
|---|---|---|---|---|
|||Notes|||
||||2022|2021|
|Fixed assets|||||
|Investments||11|1|1|
|Tangible fixed assets||10|2,409|373|
|Current assets|||||
|Debtors||12|5,054|4,400|
|Cash at bank and in|hand||10,994|24,991|
||||16,048|29,391|
|Creditors: amounts|falling due||||
|within one year||13|(9,150)|(3,442)|
|Net current assets|||6,898|25,949|
|Creditors: amounts|falling due||||
|after one year||14|(84,406)|(83,160)|
|Net (liabilities)|||(75,098)|(56,837)|
|Represented
by|||||
|Unrestricted
funds|||||
|General funds||15|(75,098)|(56,837)|
||||(75,098)|(56,837)|
|Restricted funds||15|||
|Total|||(75,098)|(56,837)|
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|Voluntary|income|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||2022|2022|2022|2021|
|Grants||||||
|Other grants receivable|||30,000|30,000|24,500|
|Donations||||||
|Donations||3,764||3,764|35,135|
|Donations|in kind|65,000||65,000|62,351|
|||68,764|30,000|98,764|121,986|
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|Operating
su|rplus|||||
|---|---|---|---|---|---|
|||||2022|2021|
|The operating|deficit /surplus||is arrived at after charging:|||
|Depreciation|oftangible|fixed|assets|1,578|373|
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|Expenditure||||
|---|---|---|---|
|||2022|2021|
|Charitable
grants||28,771|48,600|
|Staff costs||65,000|62,351|
|Training||188||
|Rent||10,606|5,289|
|Light, power|and heating|14|14|
|Advertising|and marketing|1,863|1,000|
|Legal expenses||1,500||
|IT, software|and consumables|129|202|
|Telephone
and internet||1,210|433|
|Printing
and|stationery|681|88|
|Subscriptions||2,065|359|
|Insurance||454|1,064|
|Travel and subsistence||463|86|
|Removal fees||195||
|Accountancy|fees|2,700|2,700|
|Depreciation||1,578|373|
|Entertaining||489|438|
|Loan interest||1,246||
|||119,152|122,997|
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|Tangible fixed|assets|||
|---|---|---|---|
|||Computer|Total|
|||equipment||
|Cost||||
|At 1 November|2021|1,119|1,119|
|Additions||3,614|3,614|
|At 31 October 2022||4,733|4,733|
|Amortisation||||
|At 1 November|2021|746|746|
|Charge for year||1,578|1,578|
|At 31 October 2022||2,324|2,324|
|Net book value||||
|At 31 October 2022||2,409|2,409|
|At 31 October 2021||373|373|
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||CoFarm Cambridge||||
|---|---|---|---|---|
||||2022|2021|
||Profit and loss account||||
||Grants and donations|received|66,342|48,600|
||Farm purchases||(9,511)|(9,410)|
||Overheads||(58,094)|(39,708)|
||Net (loss) for year||(1,263)|(518)|
||||2022|2021|
||Balance sheet||||
||Fixed assets||1,307||
||Current assets||1,225|13,884|
||Current
liabilities||(21,092)|(31,181)|
||Net (liabilities)||(18,560)|(17,297)|
|12|Debtors||||
||||2022|2021|
||Other debtors||2,612|3,000|
||Prepayments||2,442|1,400|
||||5,054|4,400|
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|13|Creditors|falling due under|1 year|||
|---|---|---|---|---|---|
|||||2022|2021|
||Trade creditors|||3,377|412|
||Accruals|||5,443|2,700|
||Amounts|owed to subsidiary||330|330|
|||||9,150|3,442|
|14|Creditors|falling due over 1 year||||
|||||2022|2021|
||Loans —H Shelton|||76,246|75,000|
||Accruals|||8,160|8,160|
|||||84,406|83,160|
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|ovement
in|fund|s|||||||
|---|---|---|---|---|---|---|---|---|
|||||Balance at 1||||Balance at|
|||||November||||31October|
|||||2021|Incoming|Outgoing|Transfers|2022|
|General
fund||||(56,837)|70,891|(90,381)|1,229|(75,098)|
|Total unrestricted|||funds|(56,837)|70,891|(90,381)|1,229|(75,098)|
|Restricted funds|||||||||
|Grant making|fund||||30,000|(28,771)|(1,229)||
|Total restricted||funds|||30,000|(28,771)|(1,229)||
|Total funds||||(56,837)|100,891|(119,152)||(75,098)|
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|ovement
in f|und|s|—prior y|ear||||
|---|---|---|---|---|---|---|---|
|||||Balance at 1||||
|||||November|||Balance at|
|||||2020|||31 October|
|||||As restated|Incoming|Outgoing|2021|
|General fund||||(55,826)|92,486|(93,497)|(56,837)|
|Total unrestricted|||funds|(55,826)|92,486|(93,497)|(56,837)|
|Restricted funds||||||||
|Grant making|fund||||29,500|(29,500)||
|Total restricted||funds|||29,500|(29,500)||
|Total funds||||(55,826)|121,986|(122,997)|(56,837)|
|nalysis of net assets between funds||||||||
|||||Unrestricted|Restricted|Total Funds|Total Funds|
|||||Funds|Funds|2022|2021|
|Fixed assets||||2,410||2,410|374|
|Current assets||||16,048||16,048|29,391|
|Creditors less|than||1 year|(9,150)||(9,150)|(3,442)|
|Creditors
more than|||1 year|(84,406)||(84,406)|(83,160)|
|||||(75,098)||(75,098)|(56,837)|
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