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2025-03-31-accounts

Registered number: 12562770 Charity number: 1195790

FFCC LIMITED

(A company limited by guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FFCC LIMITED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 16
Independent auditors' report on the financial statements 17 - 21
Statement of financial activities 22
Balance sheet 23 - 24
Statement of cash flows 25
Notes to the financial statements 26 - 43

FFCC LIMITED

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees F Reynolds, Chair (from 15 August 2024) (appointed 17 April 2020)
H Browning (appointed 17 April 2020)
I Cheshire, Chair (until August 2024) (appointed 17 April 2020, resigned 25 April
2024)
S Cramer (appointed 17 April 2020)
D Fursdon (appointed 17 April 2020, resigned 15 January 2025)
U Ibrahim(appointed 26 January 2023)
C Jones (appointed 17 February 2021)
M Mayne (appointed 20 April 2020)
D Austwick (appointed 17 February 2021)
Company registered
number
12562770
Charity registered
number
1195790
Registered office
Courtenay House
Pynes Hill
Exeter
EX2 5AZ
Company secretaries
J Knight (appointed 2 February 2024)
C Shepherd (appointed 1 January 2025, resigned 31 July 2025)
C Muggridge (appointed 25 September 2025)
Key management
personnel
S Pritchard (appointed 29 April 2020)
D Edwards (appointed 3 January 2024)
R Renfro (appointed 6 July 2020)
Independent auditors
Bishop Fleming Audit Limited
Chartered Accountants
Registered Auditors
10 Temple Back
Redcliffe
Bristol
BS1 6FL
Accountants
Griffin
Chartered Accountants
Courtenay House
Pynes Hill
Exeter
Devon
EX2 5AZ

Page 1

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

Chairs Statement

This year, the second of our current three year strategy, has been even more eventful than usual. The July 2024 election, multiple pressures on the countryside, and a vibrant and sometimes angry debate about the future of farming has required agile advocacy and a clear focus for FFCC’s work. The new Government brought both new attention to the issues that concern us and a fast-moving political dialogue about the countryside..

Though our work programme was extensive, I believe there are three stand-out achievements to report this year.

The first was our biggest ever piece of work, our Food Conversation, which involved us engaging hundreds of citizens across the UK in a deliberative process to explore their attitudes to food and farming, and what they want from food policy. Its findings were clear: citizens are deeply concerned by the ready availability of cheap, unhealthy food and its impact on them and their families and seek leadership from the Government to tackle the harms and to enable a greener, healthier, fairer future. These findings have enabled us to conduct a new dialogue with Government ministers and officials, laying to rest the long-quoted ‘nanny state’ reasons why governments have hesitated to intervene in the food choices people make.

The second was Land Use. Our long-standing advocacy for a Land Use Framework to enable better, more sustainable decision-making about land was rewarded in January 2025 when Defra finally published a consultation paper on land use and sought our involvement in the consultation process. Drawing on our extensive previous work, including our pilots in Devon and Cambridgeshire, we hosted a number of the consultations, submitted detailed evidence to Defra and stand ready to play our part in the next steps.

Our third major priority was work on the farming transition. This remains uncomfortably in the balance, with rows about inheritance tax and Defra’s pausing of one of its main support schemes for farmers – the Sustainable Farming Incentive – creating deep uncertainty in the sector. We made two contributions to the debate about the future of farming which have both had significant impact. The first, a report by Professor Tim Jackson The False Economy of Big Food estimated that unhealthy diets are costing the UK a staggering £268bn a year. The second, a research report by our own Dr Charlie Taverner, entitled Paying the Price, answered the question on everyone’s lips ‘why are farmers asset rich and cash poor?’ demonstrating the role of a tiny number of multinational food businesses which dominate the food chain.

Meanwhile, our teams in Wales, Scotland and Northern Ireland have been innovating in projects that both tackle their own country challenges and provide insight for the whole of the UK. From Nature Service Wales to the mutualisation of natural capital payments, sharing insights on different approaches to land use decision making, to the inaugural Fields Good festival, these practical projects allow us to ‘test and learn’ about what works.

These are testing times for the countryside across the UK and solutions can sometimes feel far off. But solutions exist, and as we watch the rising public interest in healthy food, and the acceleration of regenerative and agroecological methods of farming, we know there are multiple opportunities to do things better. And since the Secretary of State for Defra, Steve Reed, has adopted a 25 Year Roadmap for Farming as one of his top three priorities, alongside the Land Use Framework and a new Food Strategy, we believe our expertise and commitment will continue to be needed.

Page 2

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

We are a time-limited charity with a small, committed team of Commissioners, trustees and our dedicated staff, spread across the four countries of the UK and led by Sue Pritchard. Under her leadership we deploy our limited resources with skill and focus, and on behalf of the trustees and Commissioners I’d like to thank everyone for their hard work. I’d also like to thank our funders, without whose support none of our work would be possible. We are especially grateful for their support for The Food Conversation, an outstanding partnership.

Our 2019 diagnosis in Our Future in the Land remains disconcertingly relevant, and we remain committed to making real progress towards a more sustainable future for food, farming and the countryside.

Dame Fiona Reynolds Chair

Page 3

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Introduction

The Trustees present their Annual Report together with the audited financial statements of the Charity for the period 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees’ report and a directors’ report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company’s governing document and the provisions of the Statement of Recommended Practice (SORP) 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). Since the Charity qualifies as small under Section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 has been omitted.

Objectives and activities

a. Our Approach

This year we focused on delivering the key planks of our strategy; aligning leadership and citizens voices to make real progress towards a greener, healthier, fairer food system.

We work in a lean and agile way, convening diverse voices around the UK —citizens, farmers and growers, communities, business leaders—challenging outdated and counterproductive narratives and creating new coalitions for action. With a new mission-led government in Westminster, we are leveraging the relationships we’ve built, and deploying all our resources, to demonstrate how an integrated approach to food, farming and land use is a key plank of national prosperity nd democratic renewal.

Our work is practical, forward-thinking, and grounded in the real challenges of policy delivery. Working across all four UK nations, FFCC is well positioned to share insight and analysis across countries and regions, building on what works.

b. Our Objects

Promoting sustainable development for the benefit of the public, in particular, but not limited to, the following means:

In furtherance of the above, the Charity will provide funding, make grants or make financial or other awards in kind to individuals, organisations and community groups. The Charity will use the following definition of ‘sustainable development’ as set out in the 1987 Brundtland Commission Report: “development that meets the needs of the present without compromising the ability of future generations to meet their own needs”.

c. Public Benefit

The Trustees are aware of the Charity Commission’s guidance on public benefit and are satisfied that FFCC’s work is strategically focused on its core purpose and charitable objects in order to deliver maximum public benefit with its resources.

Page 4

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities (continued)

d. Our funding

FFCC is a mission-led organisation. We are hugely grateful for the confidence placed in us by our generous funders, and to work with them in service of our shared missions and purpose. Our core work as well as some specific projects are funded by Esmée Fairbairn Foundation, the Prince of Wales’s Charitable Fund (now the King Charles III Charitable Fund), the Rothschild Foundation and the Aurora Trust. In addition, we have benefitted from a gift from Animula to support The Food Conversation, and the AFN Network+ supporting our land use work.

Achievements during the year

a. Convening leadership

Core to our mission is bringing together leaders from across business, farming and civil society to hear from more diverse voices, help build consensus and unite around a call for ambitious, coherent policy action. FFCC also continues to work with progressive UK businesses to ensure their voices influence national strategy, backing citizen and farmer priorities into practical, systemic change.

Impact story: Aligning Leadership at Oxford Farming Conferences

In January, we partnered with Pasture for Life and Hodmedods to co-host a landmark dinner launching the Oxford Food Conferences. The event brought together leaders from the Oxford Farming Conference (OFC) and Oxford Real Farming Conference (ORFC) for the first time.

Supported by OFC, ORFC, the Foundation for Common Land, and Farming the Future, the sold-out event welcomed nearly 200 participants—including farmers, policymakers, entrepreneurs, and researchers. Keynotes from Tony Juniper, Catherine Stephenson, James Rebanks, and a Somerville student brought powerful reflections on the role of place, land, and leadership. The event was widely celebrated and looks set to become an annual tradition.

Page 5

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements during the year (continued)

b. Implementing recommendations

Food and Health

The Food Conversation, the UK’s largest ever citizen dialogue on food systems, has helped position citizen voice at the heart of government thinking on food. Overturning long held assumptions that citizens feared a nanny state telling them what to eat, the project has provided compelling and convinced evidence of citizens’ views that cannot be ignored.

Citizens involved 345
Hours spent by citizens in deliberation 6,600
Citizen deliberations 12
Invitations sent 118,000
Expert speaders 70+
Film views 140,000

Impact: Changing the narrative on foods

Largely thanks to the robust nature of The Food Conversations methodology, the numbers of people involved, and the authenticity of a process, it is now accepted by government that the public wants change. This is a hard-won development, following years of thinking by many in government that tackling food was too difficult, too contested and too unpopular.

Creative advocacy and communications, including engaging short films and events, has put citizens in direct contact with parliamentarians and other civil society leaders enabling them to hear directly the issues that concern citizens. This personal contact with citizens has proved compelling and helped break through many long-held assumptions.

Page 6

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements during the year (continued)

c. Farming Transition

At a time when confidence in agriculture is falling and the sector is more polarised than ever, FFCC’s work focuses on changing the political and public conversation about the future of farming. Guided by our Farming Leadership Group, we have raised the profile of issues such as resilience and brought attention to diverse and positive voices.

Impact story: Fairer Farming Economics

In November 2024, we held a symposium for members of FFCC’s Farming Leadership Group and invited experts to discuss the precarious economics of farming and the uneven distribution of power and profit throughout the food system. This discussion was the impetus for a new FFCC report, ‘Paying the Price: cheap food, big business and the cost to farming and food security’, published in March 2025. Following Prof Tim Jackson’s analysis of the high cost of unhealthy diets, this report found that farming incomes have been squeezed for decades, that the value of British produce has been diminished and that action to change this was required beyond Defra. The report was featured on the front page of the Guardian website and was covered extensively in agricultural media. It was also cited by Efra committee chair Alastair Carmichael during a debate in Parliament.

“The power imbalance between supermarkets at the top and farmers at the bottom is more pronounced than any other market… just last week a new report from the Food, Farming & Countryside Commission found that real incomes of farmers have stayed stock still for the past 50 years.” - Alistair Carmichael MP, Chair of the EFRA Committee.

Page 7

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements during the year (continued)

d. Countryside For All

FFCC work on Land Use continues to centre on shaping a multifunctional, systems-led approach to land use policy and brokering engagement across government, professional and academic experts, civil society, and regional leadership.

“We have taken recommendations from... the Food, Farming & Countryside Commission... to consult on a Land Use Framework for England” Defra Secretary of State Steve Reed

Impact story: Government-commissioned workshops for Land Use Consultation

Government requested FFCC’s support to bring structured, inclusive and transparent ‘place-led’ input into its Land Use Consultation in early 2025. Working with local networks and partners, we convened workshops in Cumbria & Northumberland, Cambridgeshire, Gloucestershire, and Devon.Attendees, including farmers, planners, environmental groups, local businesses, and policymakers, praised a process focused on understanding the ways a Land Use Framework (LUF) can improve decision-making.

There was a high level of enthusiasm and interest in the workshops. Key take outs from the participants included that:

Page 8

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements during the year (continued)

e. Resourcing Resilient Communities

Much of the work of FFCC focuses on devolved policy areas. FFCC is distinctive in our expertise in place. Country Directors lead programmes relevant to the nations of the UK and provide insights to the wider team about the ways in which devolved governments are leading the way on many food, farming and land use issues.

Wales

FFCC Wales has given particular focus this year to amplifying Welsh citizen voices and the agricultural transition and nature recovery.

“The results from the two FFCC-led Food Conversations in Wales have helped inform our work to create a better food system for current and future generations – and we’ll be using The Food Conversation process as a tool to ensure the voices of Welsh citizens are reflected in our work on food.” - Derek Walker, Future Generations Commissioner for Wales.

Northern Ireland

FFCC Northern Ireland continues to work on a range of established projects as well as major new initiatives.

Page 9

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements during the year (continued)

Scotland

The Food Conversation became a strong focus for FFCC Scotland alongside its other work on land use and the agricultural transition.

Impact story: Fields Good

In September 2024, the Northern Ireland team helped launch the inaugural Fields Good festival. Supported by Esmée Fairbairn, the festival replicates the success of regenerative events in other parts of the UK, like Groundswell. Nearly 500 people gathered to build skills and connections – and imagine what a better future for farming could look like. The event attracted the headline speaker Greg Judy, a regenerative rancher from Missouri, as well as an impressive cross section of people from the food and farming world in Northern Ireland. Minister for Agriculture, Environment and Rural Affairs Andrew Muir also came for the whole day, taking part in discussions and spending much of his time chatting with participants, leaving full of praise and enthusiasm for the project.

Esmée Fairbairn and the other funders, Aurora Trust and the Lifes2good Foundation, were satisfied to see Fields Good providing a grassroots platform for regenerative agriculture. It is widely felt that progress has been made to embed regenerative thinking into the mainstream and build connections right across the food and farming system. The success of the event means funding is secured for 2025.

“I’m delighted to be here, Northern Ireland’s first regenerative farming conference. This is absolutely crucial as we chart a future ahead for agriculture... Today is about engagement and sharing ideas and knowledge." - Andrew Muir, Minister for Agriculture at EFRA.

Page 10

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements during the year (continued)

Working for Diversity, Equity and Inclusion across the sector

FFCC is committed to anti-racism, inclusion, equity, and diversity, celebrating these qualities as essential principles of a fair and sustainable society. We take positive, practical and radical actions to deliver our mission of a fair and sustainable future for all.

Highlights this year include:

Impact Story: Maki Ramaditya

“My internship offered a broad and expansive introduction to communications within the NGO sector, including podcasts, film, social media, website management, and much more, all within the context of food and farming systems change. Opportunities like these are vital - particularly when they aim to open doors to those historically excluded. Over the past year, it’s been valuable to witness how organisations like FFCC navigate equity in practice and, when paired with structural reflection, to recognise the potential of such schemes. I'm grateful for the experience and hope to see these initiatives continue to evolve so that inclusion moves beyond presence, toward shared power and meaningful co-creation."

Maki Ramaditya, Communications Assistant intern 2024-2025

Page 11

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements during the year (continued)

f. Strategy, Impact and Future Plans

In 2025/26 we will focus on delivering our strategic plan, bringing new coalitions of leaders together, and amplifying citizens’ and grass roots voices, in effective and collective advocacy.

More people are aligning behind a greener, healthier, fairer future for food and farming, and want to work together to make real progress. The burning platform for change is getting hotter – from climate change affecting weather patterns and crops, to geopolitical shocks through wars and tariffs, to spiralling diet related illhealth and rising inequalities. Citizens, farmers, businesses alike want to lean into the challenges and explore seriously the radical and practical alternatives.

They want more fresh thinking, and new perspectives, working together to tackle the root causes.

Four projects demonstrate how we will help with this.

The landscape for civil society organisations and ‘think tanks’ like ours is changing. Demands on philanthropy are growing fast, across many sectors, and calls for our contributions are growing too. We are working with some of our core funders, and partner NGO chief executives and directors, in a new ‘radical collaboration’, to explore new ways of working together – funders and CSOs alike – both to maximise our use of a scarce and precious resource and to increase and accelerate our collective impact.

Looking back on the last few years – marked by turbulence in global geopolitics, the rising impacts of a changing climate and the shock of a global pandemic – it is important to bank successes. FFCC’s purpose is to help deliver the recommendations in our 2019 report Our Future in the Land; healthy food for everyone everywhere, a transition plan for more sustainable farming, and a countryside that works for all. Now we are working with this government, with citizens, businesses and stakeholders to help design and deliver a food strategy, the farming roadmap and a land use framework, for a greener, healthier, fairer future.

In this, the final year of our 2023-26 strategy, FFCC board members, commissioners, staff and stakeholders will review our own contribution and impact, before deciding on a next three-year strategic plan.

Page 12

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements during the year (continued)

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

Our policy is to set a target level for unrestricted reserves based on the following components:

The Trustees have recently reviewed the likely costs of dissolution and the predictability of both income and expenditure in the operational model. The reserve review has shown that the minimum unrestricted reserve level should increase slightly to a range of between £65,000 to £90,000.

Page 13

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

c. Overview of financial year

The Charity’s funding model is to seek grants from charitable foundations, government bodies and other organisations that wish to help the Charity deliver its objectives. Its first three years of existence were mainly funded by a core grant from Esmée Fairbairn Foundation, recognised in previous accounting periods. At the start of the year, the Charity held reserves of £2,520,405 thanks to multi-year funding accounted for in previous years. During the year, the Charity received additional income of £695,311 and had total expenditure of £2,467,464, creating a net deficit in funds of £1,772,153. Reserves at the end of the year thus stood at £748,252. Of these £637,652 were unrestricted, well above the minimum reserves policy.

Income

The income for the current year £695,311 was significantly lower than prior year (2024 - £2,271,830,) as we reached the end of various multi- year core grant funding agreements. During the year we received grants from the following funders: Esmée Fairbairn Foundation, the Prudence Trust, the Rothschild Foundation, the Aurora Trust, the King Charles III Charitable Trust, Lifes2Good Foundation Company, the James Hutton Institute (LUNZ Hub), the University of the West of England (AFN Network+) and the North East Combined Authority. Additionally, £7,000 was received in donations.

Expenditure

The operating model of the Charity is to employ a core team with the skills and experience to deliver the charitable activities, and to enhance the scale and scope of work through the deployment of specialist contractors and partner organisations. In the current financial year the expenditure is greater than income, due to the reserves held at the end of the prior financial year 31st March 2024. Total expenditure in the year ended 31st March 2025, was £2,467,464, the two largest categories of expenditure are on staff (£897,965) and contractors (£908,739). Further detail is set out in notes 4, 5 and 6 to the financial statements.

Structure, governance and management

a. Constitution

FFCC was incorporated on 17 April 2020 as charitable company limited by guarantee registered in England and Wales as company number 12562770, and is a registered charity number 1195790. The company has adopted the model articles of association for charitable companies published by the Charity Commission for England and Wales.

b. Methods of appointment or election of Trustees

There are currently nine Trustees, six of whom are Commissioners. Trustees are appointed by the board on the basis of the essential skills and diverse experiences they bring to the governance of the organisation. Committees and Terms of Reference.

Page 14

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

c. Committees and terms of reference

The Board is supported in discharging its responsibilities by three Committees that report to the Board. Their terms of reference and composition are described below:

The Commission

The Commission currently comprises nineteen Commissioners. For the financial year 2024 to 2025 it was Chaired by the Chair of the Board, Fiona Reynolds. The Commission is responsible for oversight of programme strategy and activities to deliver the Charity’s objectives.

Audit And Risk Committee

The Audit and Risk Committee comprises four Trustees and is Chaired by the Treasurer, Dr Marg Mayne. It is responsible for oversight of financial management, risk and compliance.

People And Governance Committee

The People and Governance Committee comprises three Trustees and is Chaired by Dawn Austwick, OBE. It is responsible for oversight of organisational and staff wellbeing, including equity, diversity and inclusion and compliance with employment legislation.

d. Key management

The day-to-day delivery of the Charity’s work is delegated to the Chief Executive and supported by key management. During the year, the management team included the following personnel:

Sue Pritchard Chief Executive (appointed 29 April 2020) David Edwards Deputy Chief Executive (appointed 3 January 2024) Rebecca Renfro Director of External Relations (appointed 6 July 2020)

Page 15

FFCC LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity 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 statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The Trustees will consider the appointment of auditors during the year.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................

F Reynolds

Chair of Trustees

Date: 20 November 2025

Page 16

FFCC LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FFCC LIMITED

Opinion

We have audited the financial statements of FFCC Limited (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 17

FFCC LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FFCC LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 18

(A company limited by guarantee)

FFCC LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FFCC LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2022 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As a result of these procedures, we have considered the opportunities and incentives that may exist within the organisation for fraud and identified the highest area of risk to be in relation to revenue recognition, with a particular risk in relation to year-end cut off. In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override.

We have also obtained understanding of the legal and regulatory frameworks that the Charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Charities Act 2022, Charity SORP 2019, FRS 102 and the terms and conditions attaching to material grants received by the Charity.

In addition, we considered the provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Charity's ability to operate or avoid a material penalty. These included data protection regulations, health and safety regulations and employment legislation.

Page 19

FFCC LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FFCC LIMITED (CONTINUED)

Our procedures to respond to the risks identified included the following:

We also communicated identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

As a result of the inherent limitations of an audit, there is a risk that not all irregularities, including a material misstatement in the financial statements or non-compliance with laws and regulations, will not be detected by us. The risk increases the further removed compliance with a law or regulation is from the events and transactions reflected in the financial statements, given we will be less likely to be aware of it, or should the irregularity occur as a result of fraud rather than a one off error, as this may involve intentional concealment, forgery, collusion, omission or misrepresentation.

Our audit procedures have reviewed for evidence of management override, any ongoing legal cases, completeness of related party transactions, as well as an ongoing consideration of fraud and irregularities during the whole audit process.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Page 20

FFCC LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FFCC LIMITED (CONTINUED)

David Butler FCA DChA (Senior Statutory Auditor) for and on behalf of

Bishop Fleming Audit Limited Chartered Accountants Registered Auditors 10 Temple Back Redcliffe Bristol BS1 6FL

Date:

Bishop Fleming Audit Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 21

FFCC LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
4
Charitable activities
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net (expenditure)/income
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
180,544
63,273
243,817
1,899,023
1,899,023
(1,655,206)
52,305
(1,602,901)
1,713,501
(1,602,901)
110,600		 Unrestricted
funds
2025
£
416,785
34,709
451,494
568,441
568,441
(116,947)
(52,305)
(169,252)
806,904
(169,252)
637,652		 Total
funds
2025
£
597,329
97,982
695,311
2,467,464
2,467,464
(1,772,153)
-
(1,772,153)
2,520,405
(1,772,153)
748,252		 Total
funds
2024
£
2,271,830
-
2,271,830
1,639,618
1,639,618
632,212
-
632,212
1,888,193
632,212
2,520,405

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 26 to 43 form part of these financial statements.

Page 22

FFCC LIMITED (A company limited by guarantee) REGISTERED NUMBER: 12562770

BALANCE SHEET AS AT 31 MARCH 2025

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 522,873
426,663
949,536
(201,796)		 2025
£
512
512
747,740
748,252
748,252
748,252
110,600
637,652
748,252		 723,608
2,023,803
2,747,411
(227,775)		 2024
£
769
769
2,519,636
2,520,405
2,520,405
2,520,405
1,713,501
806,904
2,520,405

Page 23

FFCC LIMITED

(A company limited by guarantee)

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The Charity has opted to have a voluntary audit in accordance with section 145 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on _______ and signed on their behalf by:

F Reynolds

(Chair of Trustees)

Date: 20 November 2025

The notes on pages 26 to 43 form part of these financial statements.

Page 24

FFCC LIMITED

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 26 to 43 form part of these financial statements		 2025
£
(1,597,140)
-
-
-
(1,597,140)
2,023,803
426,663		 2024
£
1,708,599
(1,026)
(1,026)
-
1,707,573
316,230
2,023,803

Page 25

(A company limited by guarantee)

FFCC LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

FFCC Limited is a private company limited by guarantee without share capital, registered in England and Wales. The registered office is Courtenay House, Pynes Hill, Exeter, England, EX2 5AZ.

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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

FFCC Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Trustees assess whether the use of going concern is appropriate i.e. whether any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least 12 months from the date of authorisation for issue of the financial statements and have concluded that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity's ability to continue as a going concern, thus they will continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Page 26

(A company limited by guarantee)

FFCC LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 27

(A company limited by guarantee)

FFCC LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

Page 28

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. Income from donations and legacies

Donations
Grants
Donations
Grants		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
7,000
180,544
409,785
180,544
416,785
Restricted
funds
2024
Unrestricted
funds
2024
£
£
-
5,000
2,266,830
-
2,266,830
5,000		 Total
funds
2025
£
7,000
590,329
597,329
Total
funds
2024
£
5,000
2,266,830
2,271,830

5. Income from charitable activities

Restricted Unrestricted Total Total
funds funds funds funds
2025 2025 2025 2024
£ £ £ £
Income from charitable activities 63,273 34,709 97,982 -

Page 29

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6. Analysis of expenditure on charitable activities

Summary by fund type

Convening leadership
Implementing recommendations
Resourcing communities
Convening leadership
Implementing recommendations
Resourcing communities		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
206,011
35,058
1,581,189
258,925
111,823
274,458
1,899,023
568,441
Restricted
funds
2024
Unrestricted
funds
2024
£
£
96,925
85,268
407,835
764,785
282,144
2,661
786,904
852,714		 Total
2025
£
241,069
1,840,114
386,281
2,467,464
Total
2024
£
182,193
1,172,620
284,805
1,639,618

7. Analysis of expenditure by activities

Convening leadership
Implementing recommendations
Resourcing communities		 Activities
undertaken
directly
2025
£
200,526
1,681,043
344,777
2,226,346		 Support
costs
2025
£
40,543
159,071
41,504
241,118		 Total
funds
2025
£
241,069
1,840,114
386,281
2,467,464

Page 30

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. Analysis of expenditure by activities (continued)

Convening leadership
Implementing recommendations
Resourcing communities		 Activities
undertaken
directly
2024
£
138,063
886,502
215,973
1,240,538		 Support
costs
2024
£
44,130
286,118
68,832
399,080		 Total
funds
2024
£
182,193
1,172,620
284,805
1,639,618

Analysis of direct costs

Staff costs
Programme costs - contractors
Programme costs - other
Fundraising costs
Staff costs
Programme costs - contractors
Programme costs - other		 Convening
leadership
2025
£
147,219
-
52,777
530
200,526
Convening
leadership
2024
£
79,685
3,783
54,595
138,063		 Implementing
recommendations
2025
£
533,118
769,708
374,148
4,069
1,681,043
Implementing
recommendations
2024
£
249,137
166,293
471,072
886,502		 Resourcing
communities
2025
£
127,481
139,031
77,411
854
344,777
Resourcing
communities
2024
£
51,227
118,151
46,595
215,973		 Total
funds
2025
£
807,818
908,739
504,336
5,453
2,226,346
Total
funds
2024
£
380,049
288,227
572,262
1,240,538

Page 31

(A company limited by guarantee)

FFCC LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Communications & engagement
Office costs
Professional fees
Governance costs
Staff costs
Depreciation
Communications & engagement
Office costs
Professional fees
Governance costs		 Convening
leadership
2025
Implementing
recommendations
2025
£
£
23,408
49,399
-
257
8,157
59,227
1,189
8,071
6,067
29,487
1,722
12,630
40,543
159,071
Convening
leadership
2024
Implementing
recommendations
2024
£
£
31,982
206,841
28
184
5,511
34,998
1,798
11,016
3,105
22,025
1,706
11,054
44,130
286,118		 Resourcing
communities
2025
£
17,340
-
13,874
1,576
6,092
2,622
41,504
Resourcing
communities
2024
£
49,802
45
8,426
2,652
5,246
2,661
68,832		 Total
funds
2025
£
90,147
257
81,258
10,836
41,646
16,974
241,118
Total
funds
2024
£
288,625
257
48,935
15,466
30,376
15,421
399,080

8. Auditors' remuneration

2025 2024
£ £
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 10,644 10,140

Page 32

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
749,207
74,693
74,065
897,965		 2024
£
564,955
49,208
54,511
668,674

The average number of persons employed by the Charity during the year was as follows:

2025 2024
No. No.
Employees 19 16

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
No. No.
In the band £60,001 - £70,000 1 -
In the band £70,001 - £80,000 1 -
In the band £80,001 - £90,000 1 1

The key management personnel of the charity comprise the Trustees and the senior management team. The total amount of employee benefits (including employer pension contributions) received by key management personnel for their services to the charity was £245,286 (2024: £277,324).

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 March 2025, expenses totalling £ 3,507 (2024: £1,746) were reimbursed or paid directly to 4 Trustees (2024 - 4).

Page 33

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

11.
Tangible fixed assets
Cost or valuation
At 1 April 2024
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
12.
Debtors
Due within one year
Trade debtors
Prepayments and accrued income		 Office equipment
£
1,026
1,026
257
257
514
512
769
2025
2024
£
£
23,643
-
499,230
723,608
522,873
723,608		 Office equipment
£
1,026		 Office equipment
£
1,026
1,026
257
257
514
512
769
2024
£
-
723,608
723,608

Page 34

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

13. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Resources deferred during the year		 2025
£
49,049
17,367
13,560
121,820
201,796
2025
£
100,000		 2024
£
181,952
17,963
13,778
14,082
227,775
2024
£
-

Income received from King Charles III Charitable Fund for the period begining 1 April 2025.

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Esmée Fairbairn - (new core
grant)
The Rothschild Foundation
(core grant)
The Prudence Trust		 Balance at 1
April 2024
£
55,000
651,904
100,000
-
806,904		 Income
£
41,709
209,785
-
200,000
451,494		 Expenditure
£
(4,647)
(488,744)
(75,050)
-
(568,441)		 Transfers
in/out
£
(27,062)
(25,243)
-
-
(52,305)		 Balance at
31 March
2025
£
65,000
347,702
24,950
200,000
637,652

Page 35

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14.
Statement of funds (continued)
Restricted funds
Esmée FairBairn - Cumbria
-
Esmée Fairbairn - NI Next Gen
-
Esmée FairBairn - EFF The
Nature Service in Wales
-
Esmée Fairbairn - NI
FieldGood
60,000
Agrifood network champion
48,000
Animula
1,540,835
The Aurora Trust - Grant for
Northern Ireland
64,666
Aurora Trust
-
The Rothschild Foundation -
Food
-
The Rothschild Foundation /
LWA local food
-
The James Hutton Institute
-
Lifes2good Foundation
Company
-
The North East Combined
Authority
-
Defra
-
1,713,501
Total of funds
2,520,405		 -
15,680
90,000
-
3,034
-
-
15,000
-
8,802
30,140
17,888
63,273
-
243,817
695,311		 (900)
(7,375)
(27,327)
(80,113)
(64,130)
(1,519,758)
(70,260)
(15,502)
(90)
(20,349)
(22,571)
(6,912)
(63,273)
(463)
(1,899,023)
(2,467,464)		 900
-
-
20,113
13,096
-
5,594
502
90
11,547
-
-
-
463
52,305
-		 -
8,305
62,673
-
-
21,077
-
-
-
-
7,569
10,976
-
-
110,600
748,252

Page 36

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Statement of funds (continued)

ESMÉE FAIRBAIRN FOUNDATION

2023-26 Core Grant:

A three-year grant for funding core and support costs of £1,250,000.

Cumbria:

A grant of £33,650 received on 21 January 2022 for a feasibility study for a Land and Nature Skills Service for Cumbria.

Northern Ireland Next Generation:

Supporting a development programme for 20-25 young innovators in regenerative agriculture and agroecology in Northern Ireland. Awarded £59,435 across three years (£28,075 received in year one, and £15,680 in years two and three, between October 2023 and October 2024). The last instalment has not yet been received.

The Nature Service in Wales

£90,000 towards project costs to lead the development of The Nature Service in Wales.

Northern Ireland FieldsGood

A grant for £60,000 received on 25 April 2024 towards project costs towards FieldsGood NI.

Cost of Living Uplift Grant (April 23):

£60,000 towards salary increases onwards to mitigate the effects of the cost-of-living increases.

Land Use:

A grant of £30,000 received on 17 April 2023 to assess the feasibility of a Groundswell type event for Northern Ireland (leading to FieldsGood NI).

AGRIFOOD NETWORK CHAMPION

Funding of £48,000 across 2024 for the Champion appointment in the AgriFood4NetZero Network.

ANIMULA

A grant of £2,100,000 in November 2023 to fund FFCC’s National Conversation About Food.

THE AURORA TRUST

Grant for Northern Ireland

Grant of £15,000 received on 16 August 2024 to support the FieldsGood 2024 festival.

£194,000 awarded in May 2022 over three years, to support the transition to agroecology in Northern Ireland.

THE ROTHSCHILD FOUNDATION

Core Funding:

A two-year grant of £200,000 for core and support costs.

Food:

A grant of £20,000 received as £18,000 on 31 August 2022 and £2,000 received on 3 April 2023 to support the Hunger and Hardship and Beyond Charitable Food Aid projects.

Page 37

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Statement of funds (continued)

LWA local Food:

A two-year grant from May 2023 of £17,604 to support partnership work to enable the scaling out of local and short supply chains in the UK.

THE PRUDENCE TRUST

A two-year grant of £200,000 in February 2024 towards core funding and support costs.

THE JAMES HUTTON INSTITUTE

Funding of £28,800 received between 1 October 2024 and 24 May 2025 for a rapid response collaboration agreement to convene and facilitate a Northern Ireland Land Use and Land Use Change working group.

LIFES2GOOD FOUNDATION COMPANY

Grant funding of £17,888 received in two payments (£16,132 on 22 August 2024 and £956 received on 13 January 2025) to support the FieldsGood regenerative agriculture festival in September 2024.

THE NORTH EAST COMBINED AUTHORITY

Grant funding of £63,273 received on 21 August 2024 from North of Tyne Stewardship and Rural Growth Investment Plan for the development of a Food Strategy and Action plan

Page 38

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Prince of Wales Charitable
Foundation
Esmée FairBairn - Program
grant
Esmée Fairbairn - (new core
grant)
The Rothschild Foundation
(core grant)		 Balance at
1 April 2023
£
55,540
112,174
60,000
1,250,000
200,000
1,677,714		 Income
£
5,000
-
-
-
-
5,000		 Expenditure
£
(24,277)
(70,341)
(60,000)
(598,096)
(100,000)
(852,714)		 Transfers
in/out
£
18,737
(41,833)
-
-
-
(23,096)		 Balance at
31 March
2024
£
55,000
-
-
651,904
100,000
806,904

Page 39

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Statement of funds (continued)

Restricted funds
Esmée FairBairn - Cumbria
Esmée Fairbairn - Land Use
Esmée Fairbairn - NI
Groundswell
Esmée Fairbairn - NI Next
Gen
Esmée Fairbairn - NI
FieldGood
The Aurora Trust - Grant for
Northern Ireland
Geospatial Commission
(Extension)
Geospatial Commission
Local Trust (Beyond the
Foodbank)
Rothschild Foundation
The Rothschild
Foundation/LWA local food
Agrifood network champion
Animula
Devon County Council - DRIP
Total of funds		 5,115
8,861
-
-
-
168,572
20,670
-
2,873
4,388
-
-
-
-
210,479
1,888,193		 -
-
10,000
28,075
60,000
-
-
980
-
-
8,802
48,000
2,100,000
10,973
2,266,830
2,271,830		 (16,636)
(8,861)
(10,000)
(29,660)
-
(103,906)
(27,581)
(3,695)
(2,873)
(4,752)
(8,802)
-
(559,165)
(10,973)
(786,904)
(1,639,618)		 11,521
-
-
1,585
-
-
6,911
2,715
-
364
-
-
-
-
23,096
-		 -
-
-
-
60,000
64,666
-
-
-
-
-
48,000
1,540,835
-
1,713,501
2,520,405

Page 40

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
April 2024
£
806,904
1,713,501
2,520,405
Balance at
1 April 2023
£
1,677,714
210,479
1,888,193		 Income
£
451,494
243,817
695,311
Income
£
5,000
2,266,830
2,271,830		 Expenditure
£
(568,441)
(1,899,023)
(2,467,464)
Expenditure
£
(852,714)
(786,904)
(1,639,618)		 Transfers
in/out
£
(52,305)
52,305
-
Transfers
in/out
£
(23,096)
23,096
-		 Balance at
31 March
2025
£
637,652
110,600
748,252
Balance at
31 March
2024
£
806,904
1,713,501
Summary of funds - prior year
General funds
Restricted funds
2,520,405

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
512
-
147,411
802,125
(37,323)
(164,473)
110,600
637,652		 Total
funds
2025
£
512
949,536
(201,796)
748,252

Page 41

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
£
769
1,940,507
(227,775)
1,713,501		 Unrestricted
funds
2024
£
-
806,904
-
806,904		 Total
funds
2024
£
769
2,747,411
(227,775)
2,520,405

17. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Decrease in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities		 2025
£
(1,772,153)
257
200,735
(25,979)
(1,597,140)		 2024
£
632,212
257
1,044,981
31,149
1,708,599

18. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2025
£
426,663
426,663		 2024
£
2,023,803
2,023,803

Page 42

FFCC LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. Analysis of changes in net debt

Cash at bank and in hand At 1 April
2024
£
2,023,803
2,023,803		 Cash flows
£
(1,597,140)
(1,597,140)		 At 31 March
2025
£
426,663
426,663

20. Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £3,768 (2024: £23,323). £8,804 (2024: £8,472) was payable to the fund at the balance sheet date and is included in creditors.

21. Related party transactions

Commissioners are eligible for Honorarium payments for work carried out for the Commission and can claim £250 a day up to a maximum of £3,000 per annum.

During the year, the total honorarium paid to all commissioners was £21,000 (2024: £15,349). This included payments to the following Trustees, made wholly in respect of their work as Commissioners:

David Fursdon £2,750 (2024: £2,250)

Helen Browning £2,250 (2024: £1,600)

Carwyn Jones £1,250 (2024: £NIL)

There were no payments made to Trustees in respect of their duties as Trustees.

Page 43