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2024-09-30-accounts

Charity registration number 1199990 (England and Wales)

THE NEST FARMS

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

THE NEST FARMS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Charity number (England and Wales)

Independent examiner

Mr Stephen Yapp - Chair Ms Helen Porter Dr Daniel Poulter Dr Beth Mosley MBE Mr James Tuckwell

Georgina Chittock-Nash

1199990

Ensors Accountants LLP Blyth House Rendham Road Saxmundham IP17 1WA

(Appointed 12 December 2024)

(Appointed 12 December 2024)

THE NEST FARMS

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 12

THE NEST FARMS

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2024

The trustees present their annual report and financial statements for the year ended 30 September 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Constitution, the Charities Act 2011 and "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).

Objectives and activities

The object of the charity is to provide support to those who are struggling with, or being affected by, their mental heath.

The Nest offers day placements to teenagers and young adults up to the age of 25. Our young people are involved in all aspects of running the farm; gaining new skills, increasing in confidence, and spending vital time away from the pressures of everyday life, all with the help and guidance of our staff and volunteers.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

The Nest Farms has continued to grow and strengthen in its second year of operation, building on the strong foundations laid in our first year. Demand for our services has increased significantly, demonstrating the vital need for high-quality alternative provision supporting young people’s mental health and well-being.

During the 2023-24 financial year, we expanded our reach, working with an increased number of young people and establishing relationships with additional schools and referral partners. We welcomed 29 young people delivering 405 days of Mental Health Care, offering them a structured, therapeutic environment tailored to their individual needs. We moved to 2 days in January 2024, further expand our services, and age range to 9-25 year olds.

A key milestone this year was securing additional funding and partnerships, enabling us to provide more funded placements and ensuring greater accessibility for those who need our support. Our status as an Alternative Provision provider with Suffolk County Council has been further solidified, and we have strengthened our working relationships with the Integrated Care Board (ICB), NHS mental health services, and other key stakeholders.

In addition to our core psycho-education programme, we introduced new initiatives, including:

As we close our second year, The Nest Farms has firmly established itself as a trusted provider of alternative provision in Suffolk. Looking ahead, we remain committed to expanding our impact, refining our services, and ensuring that more young people can benefit from the unique environment and support we provide.

Financial review

During the period, income of £106,353 was generated, £92,528 of which was unrestricted (2023: £46,919, all of which was unrestricted). £94,373 was expended as part of the charitable activities, £85,797 of which was unrestricted (2023: £20,012), leaving a net surplus for the year of £11,980 (2023: £26,907). The £11,980 forms part of the closing funds to be carried forward at the end of the period. The unrestricted funds to be carried forward total £33,638 (2023: £26,907) and restricted fund £5,249 (2023: nil).

THE NEST FARMS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. It is recognised by the trustees that it may take some time to build this level of available reserves.

Structure, governance and management

The charity is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission on 8 August 2022. It is governed by its Constitution, as agreed by the members on 5 August 2022. Its principal address is Kettleburgh Lodge Farm, Kettleburgh, Suffolk, IP13 9RY.

The trustees who served during the year and up to the date of signature of the financial statements were: Mr Stephen Yapp - Chair

Ms Helen Porter Dr Daniel Poulter Dr Beth Mosley MBE Mr Stephen Henly (Resigned 7 September 2024) Mr James Tuckwell (Appointed 12 December 2024) Georgina Chittock-Nash (Appointed 12 December 2024)

Recruitment and appointment of trustees

Trustees are recruited & selected to ensure that the Charity benefits from a broad range of relevant skills and expertise on the board. The Trustees must number at least five and not more than twelve. A Trustee may serve a maximum term of three years, retiring Trustees may be reappointed subject to a maximum of three terms. No third parties are permitted to make nominations to the board.

Other matters

The Trustees have ultimate responsibility for the governance and direction of the Charity and ensuring that it meets its charitable objects for the public benefit.

The day-to-day management and operation of the Charity is delegated to Hannah Tuckwell, in her role as Voluntary CEO.

The trustees' report was approved by the Board of Trustees.

Stephen Yapp (Mar 31, 2025 19:37 GMT+1).............................. Mr Stephen Yapp - Chair

Trustee

31/03/2025 Date: .............................................

THE NEST FARMS

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE NEST FARMS

I report to the trustees on my examination of the financial statements of The Nest Farms (the charity) for the year ended 30 September 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Ensors Accountants LLP

Blyth House Rendham Road Saxmundham IP17 1WA Date: ............................31/03/2025

THE NEST FARMS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
37,236
13,825
Charitable activities
4
55,261
-
Investments
5
31
-
Total income
92,528
13,825
Expenditure on:
Charitable activities
6
85,797
8,576
Total expenditure
85,797
8,576
Net income and movement in funds
6,731
5,249
Reconciliation of funds:
Fund balances at 1 October 2023
26,907
-
Fund balances at 30 September 2024
33,638
5,249		 Total
Unrestricted
funds
2024
2023
£
£
51,061
45,169
55,261
1,750
31
-
106,353
46,919
94,373
20,012
94,373
20,012
11,980
26,907
26,907
-
38,887
26,907		 Total
Unrestricted
funds
2024
2023
£
£
51,061
45,169
55,261
1,750
31
-
106,353
46,919
94,373
20,012
94,373
20,012
11,980
26,907
26,907
-
38,887
26,907
46,919
20,012
20,012
26,907
-
26,907

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE NEST FARMS

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

2024
Notes
£
Fixed assets
Tangible assets
12
Current assets
Debtors
13
19,397
Cash at bank and in hand
23,882
43,279
Creditors: amounts falling due within
one year
14
(28,620)
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
15
Unrestricted funds
16		 2023
£
£
24,228
2,100
34,471
36,571
(13,107)
14,659
38,887
5,249
33,638
38,887		 £
3,443
23,464
26,907
-
26,907
26,907

31/03/2025 The financial statements were approved by the trustees on .........................

Stephen Yapp (Mar 31, 2025 19:37 GMT+1)

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

Mr Stephen Yapp - Chair Trustee

THE NEST FARMS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

Charity information

The Nest Farms is a CIO, registered with the Charity Commission on 8 August 2022, and governed by its Constitution dated 5 August 2022.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

THE NEST FARMS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

(Continued)

1.5 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 are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE NEST FARMS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
12,153
-
Grants
25,083
13,825
37,236
13,825
Income from charitable activities
Service User Fees
Other income
Analysis by fund
Unrestricted funds
Income from investments
Interest receivable		 Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
12,153
35,169
-
35,169
38,908
10,000
-
10,000
51,061
45,169
-
45,169
The Nest
The Nest
2024
2023
£
£
43,046
1,750
12,215
-
55,261
1,750
55,261
1,750
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
31
-		 Total
2023
£
35,169
10,000
45,169

4 Income from charitable activities

THE NEST FARMS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

6 Expenditure on charitable activities

The Nest The Nest
2024 2023
£ £
Direct costs
Staff costs 43,516 2,083
Depreciation and impairment 9,025 150
Activity, labour & small equipment costs 23,136 2,876
Office, IT, and administrative costs 8,879 3,447
Insurance 1,116 801
Legal and professional fees 7,201 9,635
92,873 18,992
Share of support and governance costs (see note )
Governance 1,500 1,020
94,373 20,012
Analysis by fund
Unrestricted funds 85,797 20,012
Restricted funds 8,576 -
94,373 20,012

Governance costs for the period comprise £1,500 in respect of Independent Examination Fees (2023: £1,020).

7 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 1,500 1,020
Depreciation of owned tangible fixed assets 9,025 150

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average number of employees during the year was:

2024 2023
Number Number
Employees 2 1

THE NEST FARMS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

9 Employees (Continued)
Employment costs 2024 2023
£ £
Wages and salaries 43,516 2,083

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The total employee benefits of key management personnel for the year was £12,000 (2023: nil).

10 Volunteers

Volunteering at The Nest Farms involves assisting with various activities related to the farm's operations while also providing support to our young people with their mental health. The volunteers help oversee the day-today tasks of animal care with the young people and positively engage with them in arts, crafts, and woodworking, among other activities. Volunteer numbers for 2024 were 10 (2023: 5).

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Tangible fixed assets

Tangible fixed assets
Plant and
equipment
£
Cost
At 1 October 2023 3,593
Additions 29,810
At 30 September 2024 33,403
Depreciation and impairment
At 1 October 2023 150
Depreciation charged in the year 9,025
At 30 September 2024 9,175
Carrying amount
At 30 September 2024 24,228
At 30 September 2023 3,443

THE NEST FARMS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

13 Debtors

Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2024
£
17,125
2,272
19,397		 2023
£
-
2,100
2,100

14 Creditors: amounts falling due within one year

Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
452
193
11,483
16,492
28,620		 2023
£
348
-
11,453
1,306
13,107

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 October Incoming Resources At 30
2023 resources expended September
2024
£ £ £ £
Capital Infrastructure Fund - 7,000 (1,751) 5,249
Service User Grants - 6,825 (6,825) -
- 13,825 (8,576) 5,249

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 October Incoming Resources At 30
2023 resources expended September
2024
£ £ £ £
General funds 26,907 92,528 (85,797) 33,638

THE NEST FARMS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

16 Unrestricted funds (Continued)
Previous period: At 1 October Incoming Resources At 30
2022 resources expended September
2023
£ £ £ £
General funds - 46,919 (20,012) 26,907
17 Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 30 September 2024:
Tangible assets 18,979 5,249 24,228
Current assets/(liabilities) 14,659 - 14,659
33,638 5,249 38,887
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 30 September 2023:
Tangible assets 3,443 - 3,443
Current assets/(liabilities) 23,464 - 23,464
26,907 - 26,907

18 Related party transactions

There were no disclosable related party transactions during the year.