Charfty nurnber: 253596 DODFORD CHILDREN'S FARM (FORMERLY DODFORD CHILDREN'S HOLIDAY FARM) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
DODFORD CHILDREWS FARM cowrEpirs Page Reference and adminl#tratlve detslls of the charlty, Its Tru8tee8 and adv150rs Tru8ts08' rgport Independent oxamlner's report Statsmont of Ilnonclal acttvhl Balance sheet Notss to the flnanclal stst•mont8 11-25
DODFORD CHILDREN'S FARM REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022 Truste89 Graham Morgan, Chalrman Martin Lee Sue Insch Margargi Shward, Bimiingham Branch ol Earfy Education (Britlsh Assoclauon lor Earfy Ghildhoc(l Education) Pirpa Ward Dinah SlIan8 Charity rog15tered number 253596 Prln¢lpal offlce Warbage Lane. Dcdord, Wor¢estershire. B619BE Accountants Crowe U.K. LLP, Black Country House, Rounds Green Road. Oldbjry, West Midlands, B69 2DG Bankèr# CAFCASH Ltd, TrfjNJ's Hill, West Malir¥J, K8nl, ME19 4TA Sollcitorn Star Solicitors incorporating Thomas Horton LLP, Strand House, 70 The Strand, Bromsgrove Page I
DODFORD CHILDREN'S FARM TAUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present thelr annual report together with the financial slal8menls ol Dodford Children's Farm Ilhe charilyl for the year ended 31 Decembgr 2022. The Trustees have adopied the provisions of Accounting and Reporting by Charities.. Statement of Recommended Prartbce applicable to charities proparing Ihelr aecounls In accordance w(th the Financlal Reporbng Standard 8pplicabie in ih8 UK aThJ Republic of Ireland IFRS 102) effective 1 January 20151, ObjeIVeS and actlvltles a. Pollcles and obl•ctlves Dodford Children's Farm18 a registered charty, open 11 Ihe year round, whith gives residential eXrienceS an day breaks in the countryside lo dlsadvanlaged children from the inner cty of Bimingham, Wesl Midlands. SiaffordshSre and Worcestershire. Children under nine years of age, some wrth Speci needs. come either with their school and nursory groups, or with their parentlsl- The charty 15 administered by a Management Commlttee who rgrx)rt to the Board ol Trustees. The Farm is staffed by a resident Manager who is a resident staff member responsible for the animals and grounds and a cookjhousekeeper. These are SUFVOrted by a large team ol volunteers. The eslabllshment is a converted farmhouse aTrJ outbuildings in nine acres of dellghtful countryside in the village ol D(yJford which is situated three miles wesl of Bromsgrove In the county of Worcosler8hlre. 11 Is not a worklng farm bul has a number ol large and small animals for the enjoymgnl and b6nefit ol the children who have the opportunity to participat& in their care. Everyone who is off8red a staylvistt al Dodford has lo rglorrgj lo us through either a Soelal Worker, School. Health Visitor, GP, Community Worker or other agency. DuriThJ the year 2022 a iotal of 878 visrtors attended Dodtord Farm. This tan be brok down as fDIIow8.' School Residentials No.of chlldren from Special Schools: 3012021.. 131 No. of childron from Primary Schools.. 18212021: 451 No. of children from Nursery Schoo15 and Nursery Centres.. 15 {2021'. 0) Total No. of children.. 5812021: 01 Total No. of adult$= 1012021: 01 Day Vlshs No. of chikjren.. 405 {2021.' 1331 No. of adults= 11712021.. 551 Families No. ol children: 4612021., 241 No. ol adults.. 35 {2021'. 191 Total numbeT of vishors.. 87812021.. 2991 Chlklren- 67812021- 1211 Adults.. 20012021: 841 Publlc b8nefit The Trustees confirm that they have complied with thg duly in sedon 17 of Ihe Charltles Act 2011 to have due Tegard to public benefft guidan published by the Commlgsltsn In determining the acliwtios undertaken by th¢ charity. Page 2
DODFORD CHILDREN'S FARM TRUSTEES. REPORT IcofrrriNUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Obl8ctlves and adlvltlo8 Icontlnued) b. Adivities undertak•n to •¢hiwo oblectlve• Our aim 18 10 gIv8 ¢hlldren a SKIntEd experience in a rural setting offerirKJ ihem opportunities to explore new horfzons, have the freedom to play In open spa¢es' to learn lo share with otherg., develop ¢ommunication skills,. to handle and carg lor the animals. aThJ exwrignce the OLrtdoor9. Our staff are there to offgr hdp and support to the chIren and to ensurg that a wami. 8jre. homely atmosphere prevails throughout their stay. The Trustees. policy is lo ensure that the highest quality care is provided for the visttors. However, children are requlred by CurrieJJlum Guidance vla school and nursery staff to achieve go5 by learning through flrst hand experiences, 8specialty through outdoor play, whi¢h irL5pire, excite and motivate them. All of these areas of learning and experiences can bg and are promot through the opp)rtunltles offer&J lo chlldren al Dodford Ghildren's Farm. After sit evaluation by early years, praclilioners, teacher5. social workers and parents conllnue lo conlirm the profound and long-lasting effect on the children as a resutt of th&r expervances at the farm. As the Charlty does not receive any L¢xal Authority grant, it is reliant upon donallons to offset the operaling éelicit. A small proportlon of income is obiained from schools who Contribute something towards their slay. 11 costs some £200 for each chlld for a Ilve-day residential visit. Famllies who visit wth their children do not have lo pay lor their slay. Charitable Trusts and other oroanisatlons play a key rol8 In funding. A further p8rcentage of Income comes from interest on investment. Volunteers continue lo play a signiticant part in the operation. Apart from our group ot volunteers, drivers and helr$ Other organisalions su¢h as local schools. Churches, rotary groups and inclmduals generously gNe Ihelr tlme, skills, gitts and donations. Page 3
OODFORD CHILDREN'S FARM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Achl8vomonts and performan¢e a. Rovlew of actlvltle• This year has seen an increase in income due to actNty levels returnlng lo normal post Covid 19. The fvnds recieved have Lyen embarked for the paddling pool together wth receiving universty students this year who are tstudyng childcare qulrfieallons. They have used the tarni to their benefit to learn about the tenelils ol leaching children In an outdoor enwronm8nl. We have also hosted several successful pal first aid courses, together wlh regular meetings from th8 do9 group 'Search and Detect,, who use the farm space IOT twning animals. These additional aclivities have wdened our offeriro and rais awargne5s of the fami in the lo¢J Communtty. together wth raSslng MUCh-neIed addttiond funds for the farm. Animals are an integral part of the Dodford experience wlth donkeys, p)nles, sheep, goals, pigs, rabblis, hens, guinea pSgs elc continuing lo give hug8 pleasuTe lo the chiklren and other visitors. The pygmy goats (Dave and Sam) who arred during 2020 have been pleased lo welcomè more wsilors this ygar. together wlh Sunny arK¢ Snowy our donkeys. The Swnsor an Animal scheme Operat by Kelly has meant a wider avdlen¢e. and allows us lo offgr donatM)ns to fellow, supporters through the provision ol vouchers. Stanéard ptslicies are and have been constantly reviewed artl the Farm is on Facebook11003 followers) and Twtter (now 3561. Gener Data Protection Regulations and compliance continues and the Farm remwns compliant. Th8 day lo day running ol the Farm is managed by our resldenl Manager. Kelly, atKI her staff supwrtad by volunteers. Thanks must go to Kelly and her team for providing a stimulating, sale and welcoming environmern for our visitors, and for raising the profile of the Farm in thg loc comrnuntiy. Volunteers play a major part in our work, and we are continuing io provld8 Wotk 8xperience for a studeni from Harper Adams Agricultural Colleg8 on three days a we8k. The Management Commlttge W by Judy Williams have been responsible for overseelng staff and workings of the charity. Kelly and Daniella Iwork experience slud8f)tl contlnue lo work hard to onsure that day lo day artivities run seamlessly. Volunteers have also assisted. mlne (Cook I housekeeper) continues to wovide much needed support wrth general housekeeping and th8 provlsion of food to wsiling children and lamilies. We are therefore grateful for the generous suwiort of Charitable Trusts and other organisations and indivKlual5, without which this oharity woukj not 8urvNe. Groups ol volunteer5 from Gompanie$ such as Bromsgrove District Houslng Trust, Curo Accountants and Barnett Waddingham fegularly send staff lor volunteer days. Men in Sheds havo also helped with mainlgnarte jobs includ8d the repwr of the Dovecote thls year. Others have helped wlh activitigs like gardening and fundmsing. Donations have Èeen received in the form ol Ilem8 or funds. including Iogacies. donations instead of Chrlstmas cards, Ihe proce18 from events organised. and selectlng us as their Charrty of Ihe Year. All large small contributions are vary much appre¢iated and give us the support and encouragement to work hard lo keep Dcdord Children's Farm thriving, ottering our local children, disadvantaged by their situation, an experience from which they will ben8fi1 and never lorgel. Page 4
DODFORD CHILDREN'S FARM TRUSTEES. REPORT (CopINuED} FOR THE YEAR ENDeD 31 DECEMBER 2022 Flnanclal revlew a. Golng concorn After making aFpropriate enqulrfes. the Trustees have a reasonablè expectation that the charty has adequate resources lo continue in operallonal exlsten¢e for the foreseeable flrture. For this r8ason. they continua lo adopt the going concern basis in preparing the financial slatgments. Further details regarrfiw th9 adopllon ol tho going ¢oncem ba$ Can be found in the Accounting Policies. b. Flnanclal Roport 11 was a satisfactory year of fund mi8ing tor The Dodford Chlldren's Fami with income for the year amountirvJ to £83,48312021: £59,708), the Increase explainèd by a return to morg nomial 815 of activty durfng 2022 po COVID-19, boih In lems of visitor numbers but also donations received. Flestrted funds received were £11,5 12021.. £6,000}. £4.875 has been set as¢de lor refurbishing of the paddling FKsoI with the remwning funds being earmarked for animal care and farmhouse Improvements. Generou8 donalk*n8 re received from among many Others, LangdJo Trust, Louise Nl¢holson Trust. The L G Harris Trl1, Roger and Douglas Turner Trust, G J W Turner Tnjsl, South Blmlngham Friends, and The Bruce Wakè Chartt8ble Trusl. These donations with many others have allowed us io carry out critlcal repair work together with carrying out a leasSbllSly study to ensu the future success of th9 farm. We thank everyone who has r&sed money for us. and wg were pleased wth the succes5 of our Annud Day whlch resumed Ihls year post Covid. Income from Charitable actwf(ies were £2.80612021: £4,181). InvMent inGome was decrga5ed at £2,051 12021.. £5,936). Overall, we feel that we have had a suc¢essfvl year a] fed well equipped lo continue lo bulld our offering in 2023. ¢. Reserves Poll Thg Trust905 havo considered th8 level ol free reserves required to be ablg to continue opgraling but also lo achieve their future ¢)bligation8 rf vduntary Income wère lo cease. Since schools tM)ok well in advance. il 15 considered that free reserves should 8quate to between tso- ar¥J three-years. operatSn9 costs. Thls shou 8n8Lire that flrtura commllrnents at any polnl in time can be fulfilled. This equates to over £180,000. Total funds held at the year-end were £576,56212021.' £607,410). This conslsts of general endovmiern funds ol £25,26512020'. £25,265), restrict1 funds of £40,417 {2021.. £28.9171 unrestricted luThJs of £510,88012021'. £553,228). The fvnds freely avwkble lor use by the charity at the discretion of th8 truste88 amount to the 3tricted lunds less the Intangle and tsngiblg fixgd assets of £376,265 12021.. £390,028) which at the year-erKI stands at £134.61512021: £163.200I- This is currently held as fixed asset investments. bul Ilwsa can bo easily converted to cash. Ahoullh ¢osl$ are kgpl to a minimum, our annual experKlllure Includlng prolects still amounts lo some £70,Crf)O. Inevitably thls UireS ¢on$iderable lime and effort directed towards fund ralsing and we are continually seeking further means of support. Page 5
DODFORD CHILDREN? FARM TRUSTEES, REPORT (COnNUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Structurop govern3nc¢ and managamont a. Constltullon Dodlord Chlldren's Farm is reglstered as a charity in England, number 253596. 11 is constitutwj by D* ol Trust made in November 1953, last amended In March 2013, ¢Jperating from Warfoage Lan9, D¢Jdford. Bromsgrove, Worcestershire 861 9BE. b. Oryanis8tional structurn and de¢1s1omak1ng pollcles The Trust Deed gives generd inveslmenl powers to the Trustees as goverrd by slatule. The Trustees apwint a Management ComrFbittee lo adminisler Ihe day io day affairs of the charity- The Management Committee, together vlth the Trustees, appoint and fix Ihg rgmuneration ol staff and their terms ol employment. The Trustees for 2022 Graham Morgan ¢ontlnu8s as Chair and all other Trustees rernn, which prowdes stability and continuty. The Management Commrrtee lor 2022 JlY Williams remains in the role of Chair, Susan Goode {Secreiary), Jenny Bamas ITreasur¢rl, Lyndon Slokes and Cathy Taylor. Whilst we continue to seek further recruits lo share responslbllilies, therg is, however. the benefrt ol solidty wlthin conlinuily. Plans for futuro perlods A feasibilty Study has been commissioned by th8 Tru81ees and the Management Committee. Initially Keg19y Tattersfseld conducted an In depth con5uttation %wth staff, Trustees, managgmenl ¢ommittee, regular wsrting schools as well as finding out what tacilities or provision is missing which may be puttino other potenb'al users Thes8 findings have been reported back in a briefing meeting wh&re a Ilrm of community Architerts (APEC Architects In Birmingham) through one of thalr Director Architects, Naomi Fisher, Is workiT¥J with the farm to determine what needs are desirable and in alignrnenl th the charlS vision. Several concept design Dptions have been pr9paT8d and are currently being exrAored which will lead to the next steps based on a risk appraisal involving possible further surveys. eogt plan and Ikqising wllh the local authority planning department. This is an exuting tlm6 for Dodlord Children's Fam as seek to embrark a signrficant further stagg in its davelopment. All who are involved wth the farm continue lo apprèdale ,3 worth particularfy when we see and hear how the larm is benefiting the children and families who attend. Page 6
DODFORD CHILDREN'S FARM TRUSTEES, REPORT IcoTr¥nNUED) FOR THE YEAR ENDED 31 DECEMBER 2022 stat?m?nt of Trustg95' re8pon8lbllltl88 The Trustges are re8ponsSbb for preparing the Trustees. rgport and the finanGiai statements in accordance wlh applicabte law and Unfjt Kingdom Accounting Standards (United lfj'ngdom Generally Acceptsd Accounting Practice). The law akwli¢able lo charities in England & Wales requlres the Truslees to prepare Ilnancial statements for each flnan¢lal year which give a true and far wow of the stale of affairs of thg charity and ol its 1ming resources and application of resources, induding ils income and expendlture. for that ri0. In Fxeparing these financi statements. the Trustees are required lo.. select suitable accounting policies and then apply them conslslentty,. observe the m8thcKI8 and prfn¢lplos of tho CharttLqs SORP IFRS 102)- make judgments and a¢¢ountlng esismale5 that are reaSone and pmdent. state whether appllcable UK Accounting Standards IFFIS 1021 have en followed. subject lo any matorial departures disclosed and eyplained in ihe th'nancia 5talements', prepare the financial slalements on the going concgrn basis un$51 Is inappropriat8 to presume that the chartty will continue in bu$ings$. The Trusleeg are responsIe tor keeping adequate accountiNJ records that are sufficient to show and eXFJain the chaiivs transactions and disdose wlth reasonable a¢¢uracy ai any lime the finala1 kX*srtion ol the charty and enable them lo ensure that the linancid slalements compty with the Chari119s Act 2011, the Charty (Accounts a1 Reportsl Regulatlons 2008 and the provisions ol the Trust deed. They are alsc• responsible for safeguarding the assets of the charity and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularllies. Apyroved by 29 March 20 or(ler of the members of and 5wJngd on thelr b¢hf by: Trustees on an ITrusleel Paoe 7
DODFORD CHILDREN'S FARM INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Independent Exaffllngrf8 Report lo tho Trustees of Dodfofd Childrgn'8 Farm {'the chwiv) I report to the Chthly Trug18es on my examinatlon of the accounts of the charrly for the year ended 31 Dgcgmber 2022. Respon8lbllltlo1 and Ba$1$ of Report As the Trustees of the charity you are responSIb lor the preparntion ol the accounts In accor¢Jance wlth the requirements of the CharirSes Act 2011 Ilhe 2011 Acl'l. I report in sPeCt of my examination ol the charitls accounts carried out under $tIOn 145 01 the 2011 Act and In carrwng out my examination I have followed the applicable Directions glven by the Gharity Ci)mmission under section 145(5llb} of the 2011 Act. Indepondenl Examlner'g Stslem8nt Your attention is drawn to the fact that the charty has prepargd the accounts In accordance wth Accounllng and ReportiNJ by Charfties.. Statement ol Reoommended Practice applicable to charities prgparing Ihgir accourrts in accordance with the Financ1 Rgporting Standard applicaue in the UK arKI Republic ol Ireland IFAS 1021 In preference lo the Accounting and flepong by Charities.. Slalemenl of Recommended Practice ISSU on 1 April 2005 which is relerrgd to in the extant regulalions Lxjt has been witrawn. l understand Ihat this has been done in order for the accounts lo provkye a true and fair view in accordance with tlie Generally Accepted A¢Unting Practice ellective lor reportlng perS teginning on or after 1 January 2015. I have completed my examination. l Confirm that no matters have come lo my attentlon In connectlon wrth the examination giwng me cause lo bolievg that in any material respect.. accountlno records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or the accounts do not accord with Ihoso records,. or the account$ do not comply wth Ihe appIat18 r8quirernents concernlng the form and content of accoijnts set out in tha Charrties (Accounts and Reports) Regulations 2008 other than any rw4uiremenl that the accounts gwg a Irue and lalrf view which is not a matter consKlered as part ol an indep8ndent examlnallon. I have no concèms and have come a¢r05s no other matters in conn8ctSon wth the examination to which attention shculd be drawn in this report in order lo enable a proFer understanding of the accounts lo be reached. Signed.. Kerry Brown CROWE U.K. LLP Chartered Accountants Black Country Housè Rounds Green Road Oldbury Wesl Midlands B69 2DG Vver) Cfo Dated.. 11 May 2023 FCA Page 8
DODFORD CHILDREN'S FARM STATEMETrrr OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Endowment funds 2022 Rostrl¢tod Unrestrfctod tunds funds Total lund8 Total lunds Income and endowments from: Donations and legacies Charitable activf(ies Other trading actNities Investments 11,500 61335 4,791 1806 IO51 48,786 4,791 4, 181 5,936 2,051 Total in¢om• and endowmonts 11,500 71,983 59, 708 Exp•ndlturn on: Raising funds Charitable activities 1.071 73,557 87,11Y2 87.102 Total expendlture 87,102 87,102 74,628 Incom81(6xp8ndlture) before not losses on Investments Nel losses on investments 1100 {15,119 13,619) f14,920J (27,229) <27,229) (10,532) Tolal lrnnsfers N•t movemènt In lundg (42,348) (30.848) (25,452) Ro¢on¢illation of funds: Total funds brought lonvard Ngl movement in funds 25,265 28,917 11W) 607,410 130,848) 632,862 (25,452) {42,348 Total fund8 carrled fonvard 25,265 410,417 510.880 576,562 607,410 Th8 not88 on pages 11 to 25 form part of these finartial slatemenl8. Page 9
I)ODFORD CHILDREN'S FARM BALANCE SHE AS AT 31 DECEMBER 2022 2022 Note FIX assetg Intangible assets Tangible assets Investments 12 13 14 505 375,761 187.599 673 389,355 214.828 563,865 604.856 Current asset8 Debtors Cash bank and In ha 15 2,753 17,097 875 7,455 19*50 8,330 Cr8dr(ors.' amounts Iling due withln one year 16 17,153) {5. 776) Net currènt s1$ 12,697 2,554 Total as8et8 le88 current liabilltl¢• 576,562 607.470 Ngt asset$ excludlng pgnslon assot 576,562 607,410 Total net assot$ 576,562 607,410 Charfty fun(ts Ernlowment funds Restricted fvjnds Unresiricled fvjnds 18 18 18 4265 40,417 510,880 25.265 28.917 553.228 Total funds 576,562 607,410 The flna erns were approved and authorised for issug ty Ihg Tnjslees on 29 March 2023 and signed on thr behalf by: Moryan ITruslee) The notes on pages 11 to 25 form pan of th8se flnancial statements. Page10
DODFOAD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOA THE YEAR ENDED 31 DECEMBER 2022 Gen&ral Informatlon 1.1 Legal StstU8 of the charlty Dodlord Children's Holiday Farm is a charity colitUted by a Deed ol Trust in England, whose registered ollicg and primary a¢e ol business is Warbage Lane. Dodford, Bromsgrove, Worcestershire, B619BE. It has no share capital. Ils principd activities are to provmde re81dentlal holKlays in the countryside to disadvantaged childr8n. A¢eountlng PDllcles 2.1 Basls of pr•par4tion of flnanclal statemont8 The fInar1 statements have been prepared in accordance Yth the Charfties SORP IFRS 1021- Accounting and Rep)rting by Charities.. Statement of Recommended Practieg aFplScaUe io chafilies preparlno their accounts in accordance wllh the Flnancial Reporting Standard aFpllcable in the UK and Republic of Ireland IFRS 1021 leffectiV6 1 January 20151, the FInar[al Reporting Standan aFplic4e in thg UK and Reput41¢ of Ireland (FRS 102) and the Charities Act 2011. The financlal slalements have been prepared to give a Irue and fairf view and have departed from the Charibes (Accounts an(1 Fleportsl RegulatSons 2008 only to the extent required to provide a Irue and fair, view. This departure has Invofved following the Charities SORP IFRS 1021 published on 16 July 2014 raiher than the Accounting and Reporbng by Chariti&$: Statement of Rocommended Practice eftgctNe Irom 1 April 2005 whi¢h has Since been withdrawn. Dodford Children's Farm meets the definrtlon of a wbllc benefit entity ut)Jer FRS 102. Assets and liabilities are Iniilalty reeognised al historical cost or Iransactlon value unless otherwse slated in Ihg rglgvant 9)Unting F(IKy. 12 Golng eon¢orn The charity has cash resources aTrJ has no requlrement for eknemal funding. The tru5tegs have a reason& expociaiion that the charity has adequate resources to continue in operational existence for the foroseeablg ILAure. They contlnue to adopt thg going concem basis of accouniing appropriate In preparing the financid statements. 2.3 Fund aOuntIng Gen8ral funds aro unre8tricted lunds whi¢h are availabb for use al the diSCretn of the Trustees in furtheranco of the generd 0ectIveS of tho charty and which have not been d8$vJnaiod for other wrposes. RestricleLI funds are funds whh are to be used in accordance with specific reslrictlons imposed by donors or which have b8en ralsed by th8 charty for PacUlar purposes. The costs ol rSIng and administering such funds are charged again51 the speryfic fund. The alm and use of gach reslrlcted fund 1$ set out in the note$ lo the linancial statements. Invfjstmerrt IrOrne, gains and losses are allocated to the appropriate fund. Page11
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 A¢¢ountlng pollcles {contlNod) 2.4 In¢omo l income Is recognised once tho charlty has entitlement to the Income, it15 probable that the inwme will be received and the amount ol income welvable can be measured relkqbly. Grants are Included in the Statement of financd a¢livities on a receivable basis. The balance ol income received lor specific purposes but nol expended during the rK)d is shown in the relevant ftjnds on the Balance sheet. Where income is rgcewgd in a(knce ol entltlement of receipt, ils recognlllon is delorred and included in creditors as deferred income. Where entiuement occurs bgfore Income is received, the income is a¢¢rued. 2.5 ExpdIlure Expendliure is recognised orKe Ih¢r¢ is a legal or constructive oblioalion to translw economic benefit lo a Ihlrd paty. rl is prob*4e that a transfer of economi¢ beneffts will be required in settlement arThJ the amount ol the obligation can be measured reliably. ExpeThJiture is classrfied by aclivily. The costs of each activity are made up of the total of dire¢t costs ar shared costs. Including support C0515 involved In undertaking each aclfvrty. Direct costs attrlbutabte lo a single a¢livily are lOcated directly to that aciwily. Shared costs which conlrtbule to more than one activity and SUPFM)rt costs which are not attrIttable lo a slngle activity are apportioned betsveen those activrties on a basls consi91ent with Ihe use of r950ur¢es. Central staff costs are allocated on the basis ol lime spent. and depreciation harges alltxaled on the pjrtion ol the asseys use. ExpendUre on r8ising funds includeg all expenditure Incurred by the ¢harily lo rwse funds for its charitablg purF<)ses and include5 ¢06ts of all fundraising actmties events and non-charitable trading. Expenditure on ¢harrtable activrties is incurred on direcily undertakiw the aciivilies vthich further the ¢hantys obj8CtThies, as well as any assochted support costs. Support costs are those cosls incurred direct in support of expenditure on the objects ol the charity. Govemance costs are those incurred in connectlon with administration ol the charity and compliance with conslitulionJ and slabjtory requirements. Charitable a¢tivitles and Gov8rnan¢e costs are costs incurr1 on the chartys educational operations, including support costs and costs relating lo ihe governance ol Ihg charity aH)ortioned to charitable activities. 16 Intgrèst r•colvable Interest on funds held on deposrt is Snclu(led when re¢eNable and Ihe amount can b8 measured reliably by the charty.. thls Is normally up)n notificaJon of Ihg interest paid or payab18 by the institution with whom the fund5 aro deposlled. 2.7 Intanglble as•ets and amortisatlon Intangible assets costing £250 or more are capilali5ed and recognisod when lulure economic beneffts are probabig and the ()Jsl or value of th8 asset Gan be measured reliably. Intangible ass8ls are inrtially re¢ognised at cost. After recognition, under the cost model. irblangiiAe assets are measured al cost less any accumulaled amortisation and any accumuLqted impwrment losses. Amortisation is providad on intangible assets at rates cakulaied to write off tho cost of each asset on a redudno bance basis over fts expected useful lil&. Page 12
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accourrtlng polkle$ (continued) 2.7 Intanglble asgets ond amort18allon (conllnued) Amortlsallon Is provlded on tho following basis.. Comwter SOare 25 % redu¢ing bance Tanglble Ilxod a88et8 and depreclatlon Tangible fixed assets costing £250 or more are caplld5s& and recognis&J when luture economi benefts ar¢ probable arKf the cost or value of the as591 can be measured reliably. Tanglble fixed assets are initially recoonised at cost. After recognition, urKl8r the cost model, tangl8 red assets are measured at cost less accumulated depreclation and any accumulated impairmonl sses. Al costs incurred lo bring a tanglbfe fLx8d asset into ts intended worklng condition shoukj be included In the measurement ol cost. Depreciation is charged 80 as lo allo¢ale the st of tangible fixfrJ assets less their resldual value over their estimated useful Ilves. using both thg Straight line an(J the reduciNJ balance methods. Deprlation is piovidod on the follovlng bases: Freehold propety Fixtures and fitting8 2% 51raighi line - 250h reducing bala 2.9 Inv88tment8 Flxed asset inveslmgnls are a form of finanGial instrument and are inillally recogni8ed al thelr transaction cost and subsequenlly measured at fair value at the Balance sheet date, unless the value cannot be measured r8liabty In whh case it is measured at ¢o$t1gss imp&rmgnl. Investment gn$ and k)sse8, whether reIed or unreallsed, are comblned presented as 'GainsllLossesl on Inveslmenl$' in Ihg Statement of financ4al actimties. 2.10 Flnanolal Instruments Debtors Short term debtors we measured at transactlon prfc. less any impairment. Creditors Short temi creditors are measured at Iransa¢tion price Cash Cash is rapresanted by cash In hand and deposlts bMth financial in8tllutbns repayable thOut penalty on notice ol not more than 24 hours. There ar& no complex financial Instruments. 2.11 Ponsions The charity OFerates a defined conlribullon pgnslon schème aTrJ the penslon charge represents the amounts payable by the charity to the fund in resp8Ct of the year. Page13
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 A¢¢ountlng pollcles (contlnuod) 2.12 Rolo of volunteors The charity rdies on the efforts ol its volunteers. The vu8 of thes8 voluntsers is nol incorporatèd within the accounts. Incom8 from donatk>n$ Ind legacles ResIr1ed Unrestricted funds fund$ Total funds Totsl lunds Grants Coronavirus job rètents'on scheme 3,023 Total grants 3,023 Donalions Grant from Parish Coun¢il 11,5(Xl 61,681 73,181 45,763 Totsl 2022 11,500 62,335 73,835 48,786 Total 2021 42,786 48,786 Incomè from ¢harlt8ble a¢tivltle8 Unrestrictod fund8 2022 Total funds 2022 Tot81 funds 2021 Operation ol ¢hikJren's h)liday farm - contrlbutlons 4.791 4,791 805 Total 2021 805 Pagg 14
DODFORD CHILDRENE FARM NOTES TO THE FINANCIAL STATEMETrirs FOR THE YEAR ENDED 31 DECEMBER 2022 Incom• from other tradlng actlvltles In¢omo from fundralslng event$ Unwtrlctad funds 2022 Total fund$ Totsl lunds 202Y Open day, raffles and other income 2,806 4, 181 Tota12021 4.781 4,181 Invostment income Unreslrlctod funds 2022 Total fund$ 2022 Total lunds 2021 Interest re1Vable 2,051 2,051 5.936 Tota12021 5,936 5,936 Expondilurn gn raising fund6 Costs of ralslng voluntary Incomo Unrestrlct8d fund8 2022 Total fund8 2022 Total funds Wine Evening 7,071 Tota12021 1.071 1.071 Page 15
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Analysls of expondlture by actlvltles Acllvltles undartaken dlrectly 2022 Support Total funds 2022 Total lunds 2021 2022 Cperalion ol children's holiday fami - contributions Staff costs Household expenses Animal costs 42.147 42,147 38.532 30,253 1,315 3,457 34,883 3,562 6.510 3,562 6,510 44.955 42.147 87,102 73,557 Tot812021 35,025 38,532 73,557 Analysi$ of dlrect costs Household Staff costs exponses Anlmal costs 2022 2022 Totsl funds Total tunds 2021 Wages and salaries Food expenses Household expenses Cleaninglrubbish remov Animal expenses Trainir Advertising 34,883 34,883 1,714 30,253 1,714 83 715 204 3,457 276 120 6,510 6,510 30 1,151 1,151 Tot812022 34,883 3.562 6,510 44,955 35.025 Tota12027 30,253 1,315 3,457 35,025 Page 16
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Analy$ls of 8xpondlture by activltles (¢ontlnuod} Anatysls of $upport ¢osts Operatlon of chlldfen'g holldAy farm Total funds 2022 Total funds 2021 Dgprgryalion Heat light Rates Printing, stationary, Fvstagg and adverting Repairs and renewd5 Telephone and motor expenses Sundri8s Insurance Independent examination 1095 Bank charges Profession & gaI le8S Amortisation 13,594 9,758 3,341 306 4,359 908 112 13,594 9,758 3,341 14,545 5,359 4,388 4,359 8,896 656 112 2,202 2,394 103 4,902 168 1.991 2,376 2.394 103 4.902 225 Total 2022 42.147 42,147 Tot812021 38,S32 38,532 Trustees, remunerotlon and expen During the year. no Trustses receiv&J any remun8ration or other benefits (2021 . £NIL). During the year ended 31 Decemker 2022. no Trustee exnseS have b88n incurred {2021 . £NIL). 10. IndendOnt •xaminorf$ romunorotlon The irK1epel8nt 8xaminefs remuneration amounts lo an independent examiner fee of £2,39412021- £2.376). Page 17
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 DECEMBER 2022 11. Slaff eosts 2022 Wages and salaries So¢id securtty costs cOntrUl10n lo defined ¢ontrfbutlon pension schemes 29,557 3,9 1.417 28,336 1,222 34,883 30.253 The average number of pgrsons employed by the charrty during the year was as fdlows". 2022 No. No. No employee recelved remungralion arnounting to more than £60,0(N) in eithgr ygar. The key managernenl personnel of the charlly Is the manager and the management ¢ommittee. The lolal remuneolion pakl to the key management personnel was £20,940 (2021."£20,902). 12. Intsngiblè assèts Webslte dovelopmenl Cogt Al 1 January 2022 Al 31 December 2022 Amortls•tion At 1 January 2022 Charge for the year 2,794 168 At 31 December 2022 2,982 Not book value Al 31 December 2022 At 31 De¢ember2021 673 Page 18
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMETrirs FOR THE YEAR ENDED 31 DECEMBER 2022 13. Taftglb flxad aknotl Fréohold Flxtures and property flttlngs Totsl Co81 or valuatl¢)n At 1 January 2022 537,291 141,606 678,897 At 31 December 2022 537.291 141,606 678,897 Dopro¢lation Ai 1 January 2022 Charge for the year 159,331 10,746 130,211 13,594 Ai 31 December 2022 170,077 1U059 303,136 Net book valu At 31 DeCeMr 2022 367,214 8,547 375.761 A¢31 December2021 377,960 11,395 389,355 Page 19
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2022 14. Flxed asset Investments Lljled Unllsted Investments invostments Total Cosl or valuatlon At 1 January 2022 Revaluations Amounts written off 208,838 (24.797) 5,990 214,828 124,797) {2,432} (2,432) Al 31 Dgcgmber 2022 184.041 358 187,599 Net book v•lu8 Ai 31 December 2022 184.041 38 187,599 At31 Dember2021 208,838 5,990 214,828 The hlslork cost ol tho quoted investments was £237,816 f2021.' £237,816). 15. Debtor8 2022 2021 Du8 wlthln one y••r Prepayments and accrued Income 2,753 875 2,753 875 Page 20
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 16. Credltors: Amoun1$ falllng due within one year 2022 2021 Trade creditors Other taxatlon and sc¢lal security Oiher creditor5 Accruals and d8ferred income 258 6A52 4.174 7,153 5,776 17. Flnan¢lal Instruments 2022 2021 Flnanclal assets Financial assets measured ai amortised cost 2055 13,45 2V22 2027 Flnan¢lal Ilabllltlos Flnawal liablllll8s measured al amortise(J cost 7,143 5,776 Financial assets measured al amorllwj ¢ost comprises cash al bank. Flnanclal liabl11eS measurod ai amortised cost comprise8 other taxallon and s181 securfty and accrualg. The tolaj investment income for flnandal assets Measur al fair value through income and expendhure are £7,418 (2021,. £5.936). The nel losses on financial assets m&qsured at Idr value through income and expenditure are £27,229 (2021.. gain £10,532). Pag8 21
DOOFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 18. Ststsrn8nt of funds St•tgmont of fund8. current yoar Balance at 31 December 2022 Balance at 1 January 2022 Income Gjlnsl Expendlture (Lo88e8} Unrestrlctgd funds General Funds - all funds 553,228 71,983 187,1021 (27.229) 510,880 Endowment lunds ErKlowment Funds - all funds 25,265 25,265 R•strlct•d funds Playroom fund Balhroorn fun(J Paddling pod relurblshm8nt Fencing lund Toys fuTrJ Forest School Bullding repairs Outdoor Adventure fund Sewers and drwn lund Kitchen equlpment Wet room CCTV Home comforts Redecorating Farmhouse 4,729 4,510 500 4,510 2,500 156 156 148 10,536 932 2073 1,000 4036 932 2073 1,000 7,500 1,030 181 1,500 7,IX)O 181 1,500 28,917 11,500 40A17 Total of fund8 607,410 83,483 187,102) (27,2291 576,562 Page 22
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 18. Ststomwt ol funds leontinued) ststomont of funds- prlor year Balance al l J8nu8ry B81anc8 81 31 Decemb81 Income Unrestrfcted lund6 General Funds - all funds 553,228 553,228 Endowmenl fund8 Dr D. M. 88aumont- Bequest 25,265 25,265 RKtrl¢tsd lurrfl8 Playroom fur Bathroom fund F9ncing furKI Toys lumi Forest School Building rgpairs Outdoor A(fventure fund Sewers and draSn fuThJ Kitchen equipmgnl W9t room CCTV Home comforts Farmhouse 4,729 4,510 4,729 4,570 156 156 3,036 932 2,873 1.000 2.480 1,030 181 1,000 3,036 932 2.873 2,480 1,030 181 7,000 22,977 28.917 Total of lund¥ 601,410 6,000 607,410 Page 23
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMEPffS FOR THE YEAR ENDED 31 DECEMBER 2022 19. summary ol lunds Summary ol Funds.. Fix1 Ass91s This fund repre59nts thg fixed assets used for charitable rchases. Playroom Fund Thls Is a reslrict&J fund for the wrwse of funding the playroom exlension projects. Bathroom FUTh This is a restrid fuThJ for the wrwse of funding bathrrn projects. FerKlng Fund Thls Is a restricted fund for the Purpose of rewrirKJ fencing around the farm and small animal 8nclosure. Toys FuTrJ This fund has bggn designated by the Trustses to used when purchasing new toys for the ¢harty. Any Specific donati)ns are included within the restricted toys lur*J for the same purpose. Forest SchLX)I This is a restrfcted lund for the purpose ol funding a forest $¢hool. Bullding Repirs This is a r8slricted fund for the purFKsse ol gener maintenance to all the of the buildlngs. Induding the repair ol the animd shelter roof. Ojtdoor Adventure Trail This Is a reslrfcted fund for the purFQSQ of lunding an Olrtdoor adventu trail. Sewers aTrJ Drain FluKI This is a Iestrfct fund for the purFose of renewing Ihe sewage gygtem. Kchen Equlpment This L8 a restrtcted fund lor thg purp05e ol pur¢hasino new kitchen equipment. Wel Room This Ss a restrlcted fund for the purpose ol financing a w&1 room. CCTV This is a T881iicted fund lor the purchase of CCTV covering the farm. Home Comlort$ This is a restricted fund for Ihe purchase of new beds and bedding. Farmhouse This 18 a restrict fund for fv purchase ol renovations. Paddling Pool Refurbishme Thls Is a r85triclgd fund for the refurbishment ol the paddling pool. Red8corating Thls is a restrlcted fund loi recoration. Pago 24
DODFORD CHILDREN'S FARM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Analysis of net assets between lun Analysls of net assots between funds. current year Endowment Rostrfcted Unr8Strlcted lund8 fund$ funds 2022 2022 2022 Total funds 2022 Tangib19 fixed assgts Intangibl8 fixed assets Fixed asset investments Curn1 assets Credf(ors due within one year 375,761 505 121.917 19.850 17.1 $31 375,761 25.265 40,417 187,599 19,850 17,153) Tot81 25,265 40,417 510,880 576,562 Analysls of not $01$ belween lund8- prlor yo•1 Endowmènt Restrict80 Unrestricted funds funds fU(S 2027 2021 2021 fvts 2021 Tangible fixed assets Intangible fixed assets Fixed asset investmont Currenl asseis Creditors due within one year 13,103 376.252 673 189,893 (7.814) (5.776) 389,355 673 12,162 12.773 16, 144 214,828 8,330 (5,776) Total 25,265 28.977 553.228 607,410 21. Pw)8lon commllments The charty operates a defined eontribution pension Schgmg. The assets of the scheme are held $8paraiely from those ol the group in an independenyy administered lund. The pensK)n cost charge represents ntrIbutIons payable by Ihe charity to the fund and amounted 10 £1,222 (2020.. £577) were payable to ts fund at the bance sheet date are included in creditors. Page 25