Charity number: 253596
DODFORD CHILDREN'S FARM
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DODFORD CHILDREN'S FARM
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 7 |
| Independent examiner's report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11 - 25 |
DODFORD CHILDREN'S FARM
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Graham Morgan, Chairman Martin Lee
Margaret Sheward, Birmingham Branch of Early Education (British Association for Early Childhood Education) Pippa Ward Dinah Spillane
Charity registered number
253596
Principal office
Warbage Lane, Dodford, Worcestershire, B61 9BE
Accountants
Crowe U.K. LLP, Black Country House, Rounds Green Road, Oldbury, West Midlands, B69 2DG
Bankers
CAFCASH Ltd, King's Hill, West Mailing, Kent, ME19 4TA
Solicitors
Star Solicitors incorporating Thomas Horton LLP, Strand House, 70 The Strand, Bromsgrove
Page 1
DODFORD CHILDREN'S FARM
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of Dodford Children’s Farm (the charity) for the year ended 31 December 2024. The Trustees have adopted the provisions of 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
a. Policies and objectives
Dodford Children’s Farm is a registered charity, open all the year round, which gives residential experiences and day breaks in the countryside to disadvantaged children from the inner city of Birmingham, West Midlands, Staffordshire and Worcestershire. Children under nine years of age, some with special needs, come either with their school and nursery groups, or with their parent(s). The charity is administered by a Management Committee who report to the Board of Trustees. The Farm is staffed by a resident Manager who is a resident staff member responsible for the animals and grounds and a cook/housekeeper. These are supported by a large team of volunteers.
The establishment is a converted farmhouse and outbuildings in nine acres of delightful countryside in the village of Dodford which is situated three miles west of Bromsgrove in the county of Worcestershire. It is not a working farm but has a number of large and small animals for the enjoyment and benefit of the children who have the opportunity to participate in their care. Everyone who is offered a stay/visit at Dodford has to be referred to us through either a Social Worker, School, Health Visitor, GP, Community Worker or other agency.
During the year 2024, a total of 863 visitors attended Dodford Farm. This can be broken down as follows:
School Residentials No.of children from Special Schools: 25 (2023: 42) No. of children from Primary Schools: 333 (2023 112) No. of children from Nursery Schools and Nursery Centres: 12 (2023: 15) Total No. of children: 370 (2023: 169) Total No. of adults: 75 (2023: 62)
Day Visits No. of children: 216 (2023: 227) No. of adults: 140 (2023: 54)
Families No. of children: 37 (2023: 36) No. of adults: 25 (2023: 23) Total number of visitors: 863 (2023: 621) Children: 623 (2023: 482) Adults: 240 (2023: 139) 80% of visitors are from Birmingham 10% are from Worcestershire 5% are from Sandwell 5% - other
Public benefit
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the charity.
Page 2
DODFORD CHILDREN'S FARM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and activities (continued)
b. Activities undertaken to achieve objectives
Our aim is to give children a residential experience in a rural setting offering them opportunities to explore new horizons, have the freedom to play in open spaces; to learn to share with others; develop communication skills; to handle and care for the animals; and experience the outdoors.
Our staff are there to offer help and support to the children and to ensure that a warm, secure, homely atmosphere prevails throughout their stay. The Trustees’ policy is to ensure that the highest quality care is provided for the visitors. However, children are required by Curriculum Guidance via school and nursery staff to achieve goals by learning through first hand experiences, especially through outdoor play, which inspire, excite and motivate them.
All of these areas of learning and experiences can be and are promoted through the opportunities offered to children at Dodford Children’s Farm. After visit evaluation by early years’ practitioners, teachers, social workers and parents continue to confirm the profound and long-lasting effect on the children as a result of their experiences at the farm.
As the Charity does not receive any Local Authority grant, it is reliant upon donations to offset the operating deficit. A small proportion of income is obtained from schools who contribute something towards their stay. It costs at least £250 for each child for a five-day residential visit. Families who visit with their children do not have to pay for their stay. Charitable Trusts and other organisations play a key role in funding. A further percentage of income comes from interest on investment. Volunteers continue to play a significant part in the operation. Apart from our group of volunteers, drivers and helpers other organisations such as local schools, Churches, rotary groups and individuals generously give their time, skills, gifts and donations.
Page 3
DODFORD CHILDREN'S FARM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance
a. Review of activities
Major work took place at the beginning of the year to stabilise part of the bank alongside the brook which runs through the grounds. In the latter part of the year, most of the fences around our fields were replaced. University students have continued to attend in order to enhance their child care qualifications by learning the benefits of teaching children in an outdoor environment.
'‘Search and Detect’ have continued to use the grounds for their dog courses. These contribute to raising awareness of the farm in the local community, together with raising much needed additional funds for the farm.
Animals, as ever, enlarge the pleasurable experience for children and adults accompanying. So we continue to look after donkeys, ponies, sheep, pigs, goats, rabbits, guinea pigs, ducks and hens.
The farm is on Facebook with 1,200 followers and Twitter/X with 338 followers. We only have a very small following so far on Instagram. The farm is compliant with General Data Protection Regulations.
The day to day running of the farm is managed by our resident manager Kelly Broadfield, together with Ben, our university placement student. They have assistance from Maxine our cook/housekeeper or else, Alice who has continued to deputise for Maxine during her absence on compassionate leave. We are grateful for all the help that Alice has provided. Indeed all staff and volunteers provide a stimulating, safe and welcoming environment for our visitors and for raising the profile of the farm in the local community.
Volunteers play a major part in our work, and we are continuing to provide a work placement for a student from Harper Adams University on three days a week. The Management Committee led by Judy Williams have been responsible for overseeing staff and workings of the charity.
Everyone connected to the farm (i.e. Kelly, Trustees and Management Committee) have, during the year, been very much concerned with reviewing the structure of our building and preparing for the building work which is coming, in order to modernise our vision for the farm in line with an original feasibility study carried out with the schools and personnel using the farm. We have been aided by our architects APEC (Naomi Fisher and David Baldock) who have prepared plans and revisions which has culminated in a planning application submitted to Bromsgrove District Council in Jan/Feb 2025. The process continues to be energy consuming for all of us, with many hours still to follow but we are enthused by the vision of preparing the farm for its next twenty – twenty-five years.
We are grateful for the generous support of Charitable Trusts and other organisations and individuals, without which this charity would not survive. Groups of volunteers from companies such as Crowe Accountants, Grafton Group (building companies) and AFH Wealth Management regularly send staff for volunteer days. Other groups from local organisations come for one off volunteering days and help with activities like gardening and painting or help with fundraising.
All large and small contributions are very much appreciated and give us the support and encouragement to work hard to keep Dodford Children’s Farm thriving, offering children within Birmingham, The Black Country, Staffordshire and Worcestershire, disadvantaged by their situation, an experience from which they will benefit and never forget.
Page 4
DODFORD CHILDREN'S FARM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
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. Financial Report
A satisfactory year of fund raising for The Dodford Children’s Farm with income for the year amounting to £77,401 (2023: £98,439).
Restricted Funds received were £11,943 (2023: £14,690). The majority of this was spent in February 2025 on refurbishing the guinea pig area with a generous donation being received from The Myatt Family in loving memory of Chloe Myatt. Other generous donations were received from among many others, The Langdale Trust, The Louise Nicholson Trust, The L G Harris Trust, Roger and Douglas Turner Trust, G J W Turner Trust, South Birmingham Friends, and The Bruce Wake Charitable Trust. These donations with many others have allowed us to carry out critical repair work together with carrying out a feasibility study to ensure the future success of the farm.
We thank everyone who has raised money for us, and we were pleased with the success of our annual carol singing event which raised £1,035.
Investment income was decreased at £10,781 (2023: £14,639).
c. Reserves Policy
The Trustees have considered the level of free reserves required to be able to continue operating but also to achieve their future obligations if voluntary income were to cease. Since schools book well in advance, it is considered that free reserves should equate to between two- and three-years’ operating costs. This should ensure that future commitments at any point in time can be fulfilled. This equates to over £180,000.
Total funds held at the year-end were £561,960 (2023: £598,804). This consists of general endowment funds of £25,265 (2023: £25,265), restricted funds of £38,927 (2023: £52,317) and unrestricted funds of £497,768 (2023: £521,222).
The funds freely available for use by the charity at the discretion of the trustees amount to the unrestricted funds less the intangible and tangible fixed assets of £359,746 (2023: £374,774) which at the year-end stands at £138,022 (2023: £146,448). This is currently held as fixed asset investments, but these can be easily converted to cash.
Although costs are kept to a minimum, our annual expenditure including projects still amounts to some £125,000.
Inevitably this requires considerable time and effort directed towards fund raising and we are continually seeking further means of support.
Page 5
DODFORD CHILDREN'S FARM
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management
a. Constitution
Dodford Children’s Farm is registered as a charity in England, number 253596. It is constituted by Deed of Trust made in November 1953, last amended in March 2013, operating from Warbage Lane, Dodford, Bromsgrove, Worcestershire B61 9BE.
b. Organisational structure and decision-making policies
The Trust Deed gives general investment powers to the Trustees as governed by statute. The Trustees appoint a Management Committee to administer the day to day affairs of the charity. The Management Committee, together with the Trustees, appoint and fix the remuneration of staff and their terms of employment.
The Trustees for 2024
Graham Morgan continues as Chair and all other Trustees remain, which provides stability and continuity.
The Management Committee for 2024
Judy Williams remains in the role of Chair, Susan Goode (Secretary), Jenny Barnes (Treasurer), Jenny Edginton and Cathy Taylor. Lyndon Stokes left the Management Committee earlier in the year. Whilst we continue to seek further recruits to share responsibilities, there is, however, the benefit of solidity within continuity.
Plans for future periods
The feasibility study conducted by Keeley Tattersfield, having been concluded and plans drawn up which have been consulted upon by Trustees, Management, staff and users.
Naomi Fisher and David Baldock from our Architects - APEC Birmingham have been requested to submit detailed plans for consideration by the local Bromsgrove Planning Authority. These proposals will be discussed with neighbours and the locality and we trust will find approval from all. We would then embark on significant fundraising aided by Keely Tattersfield and our own Judy Williams who has significant relevant experience, alongside the appointment of contractors to build our future vision of the farm as it meets the demands of our young users. Essentially, the plans are to rationalise the building in order to offer the very best of facilities for our clients – the children, their teachers and the families who will be visiting in the decades to follow.
Page 6
DODFORD CHILDREN'S FARM
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner's Report to the Trustees of Dodford Children's Farm ('the charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024.
Responsibilities and Basis of Report
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) 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 been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
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:
-
accounting 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 those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
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 accounts to be reached.
Signed: Helen Blundell
Dated: 1 July 2025 LLB FCA FCIE DChA
CROWE U.K. LLP
Chartered Accountants Black Country House Rounds Green Road Oldbury West Midlands B69 2DG
Page 8
DODFORD CHILDREN'S FARM
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Income and endowments from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Investments 6 Total income and endowments Expenditure on: Charitable activities Total expenditure Net (expenditure)/income before net gains on investments Net gains on investments Total transfers Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Endowment funds 2024 £ - - - - - - - - - - - 25,265 - 25,265 |
Restricted funds 2024 £ 11,943 - - - 11,943 25,333 25,333 (13,390) - - (13,390) 52,317 (13,390) 38,927 |
Unrestricted funds 2024 £ 57,208 5,440 2,259 551 65,458 99,693 99,693 (34,235) 10,781 - (23,454) 521,222 (23,454) 497,768 |
Total funds 2024 £ 69,151 5,440 2,259 551 77,401 125,026 125,026 (47,625) 10,781 - (36,844) 598,804 (36,844) 561,960 |
Total funds 2023 £ 82,094 5,509 8,482 2,354 98,439 |
|---|---|---|---|---|---|
| 90,836 90,836 |
|||||
| 7,603 14,639 |
|||||
| - 22,242 |
|||||
| 576,562 22,242 598,804 |
The notes on pages 11 to 25 form part of these financial statements.
Page 9
2024 |
||||||
|---|---|---|---|---|---|---|
Note |
£ |
|||||
Fixedassets |
||||||
Intangibleassets |
11 |
284 |
379 |
|||
Tangibleassets |
12 |
359,462 |
374,395 |
|||
Investments |
13 |
203,020 |
202,238 |
|||
562,766 |
577,012 |
|||||
Currentassets |
||||||
Debtors |
14 |
1,302 |
2,076 |
|||
Cashatbankandinhand |
14,254 |
22,507 |
||||
15,556 |
24,583 |
|||||
Currentliabilities |
||||||
Creditors:amountsfallingduewithinoneyear |
15 |
(16,362) |
(2,791) |
|||
Netcurrentliabilities/ assets |
(806) |
21,792 |
||||
Totalassetslesscurrentliabilities |
561,960 |
598,804 |
||||
Totalnetassets |
561,960 |
598,804 |
||||
Charityfunds |
||||||
Endowmentfunds |
16 |
25,265 |
25,265 |
|||
Restrictedfunds |
16 |
38,927 |
52,317 |
|||
Unrestrictedfunds |
16 |
497,768 |
521,222 |
|||
Totalfunds |
561,960 |
598,804 |
DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. General information
1.1 Legal Status of the charity
Dodford Children's Holiday Farm is a charity constituted by a Deed of Trust in England, whose registered office and primary place of business is Warbage Lane, Dodford, Bromsgrove, Worcestershire, B61 9BE. It has no share capital. Its principal activities are to provide residential holidays in the countryside to disadvantaged children.
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 Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and 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 Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Dodford Children's Farm 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 charity has cash resources and has no requirement for external funding. The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. They continue to adopt the going concern basis of accounting appropriate in preparing the financial statements.
2.3 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.
Investment income, gains and losses are allocated to the appropriate fund.
Page 11
DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2. Accounting policies (continued)
2.4 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.
2.5 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 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.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.7 Intangible assets and amortisation
Intangible assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Page 12
DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2. Accounting policies (continued)
2.7 Intangible assets and amortisation (continued)
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a reducing balance basis over its expected useful life.
Amortisation is provided on the following basis:
Computer software
- 25 % reducing balance
2.8 Tangible fixed assets and depreciation
Tangible fixed assets costing £250 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 both the straight line and the reducing balance methods.
Depreciation is provided on the following bases:
- Freehold property 2% straight line - Fixtures and fittings 25% reducing balance
2.9 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
2.10 Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term creditors are measured at transaction price
Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
There are no complex financial instruments.
Page 13
DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2. Accounting policies (continued)
2.11 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.
2.12 Role of volunteers
The charity relies on the efforts of its volunteers. The value of these volunteers is not incorporated within the accounts.
3. Income from donations and legacies
| Donations Grants Total 2024 Total 2023 |
Restricted funds 2024 £ 11,943 - 11,943 14,690 |
Unrestricted funds 2024 £ 42,458 14,750 57,208 67,404 |
Total funds 2024 £ 54,401 14,750 69,151 82,094 |
Total funds 2023 £ 45,394 36,700 82,094 |
|---|---|---|---|---|
4. Income from charitable activities
| Operation of children's holiday farm - contributions Total 2023 |
Unrestricted funds 2024 £ 5,440 5,509 |
Total funds 2024 £ 5,440 5,509 |
Total funds 2023 £ 5,509 |
|---|---|---|---|
Page 14
DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. Income from other trading activities
Income from fundraising events
| Open day, raffles and other income Total 2023 |
Unrestricted funds 2024 £ 2,259 8,482 |
Total funds 2024 £ 2,259 8,482 |
Total funds 2023 £ 8,482 |
|---|---|---|---|
6. Investment income
| Interest receivable Total 2023 |
Unrestricted funds 2024 £ 551 2,354 |
Total funds 2024 £ 551 2,354 |
Total funds 2023 £ 2,354 |
|---|---|---|---|
7. Analysis of expenditure by activities
| Operation of Children's Farm - contributions Staff costs Household expenses Animal costs Total 2023 |
Activities undertaken directly 2024 £ - 36,726 5,681 5,555 47,962 49,055 |
Support costs 2024 £ 77,064 - - - 77,064 41,781 |
Total funds 2024 £ 77,064 36,726 5,681 5,555 125,026 90,836 |
Total funds 2023 £ 41,781 37,680 5,057 6,318 90,836 |
|---|---|---|---|---|
Page 15
DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Wages and salaries Food expenses Household expenses Cleaning/rubbish removal Animal expenses Total 2024 Total 2023 |
Staff costs 2024 £ 36,726 - - - - 36,726 37,680 |
Household expenses 2024 £ - 2,432 2,241 1,008 - 5,681 5,057 |
Animal costs 2024 £ - - - - 5,555 5,555 6,318 |
Total funds 2024 £ 36,726 2,432 2,241 1,008 5,555 47,962 49,055 |
Total funds 2023 £ 37,680 2,517 1,938 602 6,318 49,055 |
|---|---|---|---|---|---|
Page 16
DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. Analysis of expenditure by activities (continued)
Analysis of support costs
| Depreciation Heat and light Rates Printing, stationary, postage and advertising Repairs and renewals Telephone and motor expenses Sundries Insurance Independent examination fees Bank charges Computer costs Professional & legal fees Amortisation Total 2024 Total 2023 |
Operation of children's holiday farm 2024 £ 15,282 11,079 4,499 109 23,242 - 683 2,700 2,280 60 2,185 14,850 95 77,064 41,781 |
Total funds 2024 £ 15,282 11,079 4,499 109 23,242 - 683 2,700 2,280 60 2,185 14,850 95 77,064 41,781 |
Total funds 2023 £ 15,795 8,380 4,110 68 140 133 224 3,432 2,075 60 - 7,238 126 41,781 |
|---|---|---|---|
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .
During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL) .
9. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £2,280 ( 2023 - £1,800 ).
Page 17
DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2024 £ 32,137 3,207 1,382 36,726 |
2023 £ 33,343 2,830 1,507 37,680 |
|---|---|---|
The average number of persons employed by the charity during the year was as follows:
| 2024 | 2023 | ||
|---|---|---|---|
| No. | No. | ||
| 1 | 2 |
No employee received remuneration amounting to more than £60,000 in either year.
The key management personnel of the charity is the manager and the management committee. The total remuneration paid to the key management personnel was £33,030 (2023: £26,925).
11. Intangible assets
| Cost At 1 January 2024 At 31 December 2024 Amortisation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 |
Website development £ 3,467 3,467 3,088 95 3,183 284 379 |
|---|---|
Page 18
DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
12. Tangible fixed assets
| Cost or valuation At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 |
Freehold property £ 537,291 - 537,291 180,823 10,746 191,569 345,722 356,468 |
Fixtures and fittings £ 156,036 349 156,385 138,109 4,536 142,645 13,740 17,927 |
Total £ 693,327 349 693,676 |
|---|---|---|---|
| 318,932 15,282 334,214 |
|||
| 359,462 | |||
| 374,395 |
Page 19
DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
13. Fixed asset investments
| Cost or valuation At 1 January 2024 Disposals Revaluations At 31 December 2024 |
Listed investments £ 194,435 - 5,793 200,228 |
Unlisted investments £ 7,803 (10,000) 4,989 2,792 |
Total £ 202,238 (10,000 10,782 203,020 |
|---|---|---|---|
The historic cost of the quoted investments was £237,816 (2023: £237,816).
14. Debtors
| Due within one year Prepayments and accrued income |
2024 £ 1,302 1,302 |
2023 £ 2,076 |
|---|---|---|
| 2,076 |
15. Creditors: Amounts falling due within one year
| Other taxation and social security Accruals and deferred income |
2024 £ 2,184 14,178 16,362 |
2023 £ 405 2,386 |
|---|---|---|
| 2,791 |
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DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
16. Statement of funds
Statement of funds - current year
Unrestricted funds General Funds - all funds Endowment funds Endowment Funds - all funds Restricted funds Playroom fund Bathroom fund Paddling pool refurbishment Fencing fund Toys fund Forest School Building repairs Outdoor Adventure fund Sewers and drain fund Kitchen equipment Wet room CCTV Home comforts Redecorating Farmhouse Improvement Programme Rabbit enclosure refurbishment Playground refurbishment Total of funds |
Balance at 1 January 2024 £ 521,222 25,265 4,729 4,510 2,500 12,742 156 148 10,536 932 2,873 1,000 2,480 1,030 181 1,500 7,000 - - - 52,317 598,804 |
Income £ 65,458 - - - - - - - - - - - - - - - - 2,000 5,943 4,000 11,943 77,401 |
Expenditure £ (99,693) - - (28) - (12,742) (27) - (10,536) - - - - - - - - (2,000) - - (25,333) (125,026) |
Gains/ (Losses) £ Balance at 31 December 2024 £ 10,781 497,768 - 25,265 - 4,729 - 4,482 - 2,500 - - - 129 - 148 - - - 932 - 2,873 - 1,000 - 2,480 - 1,030 - 181 - 1,500 - 7,000 - - - 5,943 - 4,000 - 38,927 10,781 561,960 |
|---|---|---|---|---|
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DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
16. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds Endowment funds Endowment Fund Restricted funds Playroom fund Bathroom fund Paddling pool refurbishment Fencing fund Toys fund Forest School Building repairs Outdoor Adventure fund Sewers and drain fund Kitchen equipment Wet room CCTV Home comforts Leaf blower Redecorating Farmhouse |
Balance at 1 January 2023 £ 510,880 25,265 4,729 4,510 2,500 842 156 148 10,536 932 2,873 1,000 2,480 1,030 181 - 1,500 7,000 40,417 |
Income £ 83,749 - - - - 11,900 - - - - - - - - - 2,790 - - 14,690 |
Expenditure £ (90,836) - - - - - - - - - - - - - - - - - - |
Transfers in/out £ 2,790 - - - - - - - - - - - - - - (2,790) - - (2,790) |
Gains/ (Losses) £ 14,639 - - - - - - - - - - - - - - - - - - |
Balance at 31 December 2023 £ 521,222 25,265 4,729 4,510 2,500 12,742 156 148 10,536 932 2,873 1,000 2,480 1,030 181 - 1,500 7,000 52,317 |
|---|---|---|---|---|---|---|
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DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 16. Statement of funds (continued) Total of funds 576,562 98,439 |
(90,836) | - | 14,639 | 598,804 |
|---|---|---|---|---|
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DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
17. Summary of funds
Fixed Assets This fund represents the fixed assets used for charitable purchases. Endowment fund This fund represents a bequest received from Dr D. M. Beaumont. Playroom Fund This is a restricted fund for the purpose of funding the playroom extension projects. Bathroom Fund This is a restricted fund for the purpose of funding bathroom projects. Fencing Fund This is a restricted fund for the purpose of repairing fencing around the farm and small animal enclosure. Toys Fund This fund has been designated by the Trustees to be used when purchasing new toys for the charity. Any specific donations are included within the restricted toys fund for the same purpose. Forest School This is a restricted fund for the purpose of funding a forest school. Building Repairs This is a restricted fund for the purpose of general maintenance to all the of the buildings, including the repair of the animal shelter roof. Outdoor Adventure Trail This is a restricted fund for the purpose of funding an outdoor adventure trail. Sewers and Drain Fluid This is a restricted fund for the purpose of renewing the sewage system. Kitchen Equipment This is a restricted fund for the purpose of purchasing new kitchen equipment. Wet Room This is a restricted fund for the purpose of financing a wet room. CCTV This is a restricted fund for the purchase of CCTV covering the farm. Home Comforts This is a restricted fund for the purchase of new beds and bedding. Farmhouse This is a restricted fund for the purchase of renovations. Paddling Pool Refurbishment This is a restricted fund for the refurbishment of the paddling pool. Redecorating This is a restricted fund for redecoration. Leaf blower This is a restricted fund for a leaf blower.
Improvement programme This is a restricted fund that is to be spent on the ongoing feasibility study taking place to refurbish the farm over the next 2-3 years.
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DODFORD CHILDREN'S FARM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Rabbit enclosure refurbishment This is a restricted fund to spend on the refurbishment of the rabbit and guinea pig enclosure.
Playground refurbishment This is a restricted fund to spend on the refurbishment of the playground.
18. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Endowment funds 2024 £ - - 25,265 - - 25,265 |
Restricted funds 2024 £ - - 38,927 - - 38,927 |
Unrestricted funds 2024 £ 359,462 284 138,828 15,556 (16,362) 497,768 |
Total funds 2024 £ 359,462 284 203,020 15,556 (16,362) 561,960 |
|---|---|---|---|---|
Analysis of net assets between funds - prior period
| Tangible fixed assets Intangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Endowment funds 2023 £ - - 25,265 - - 25,265 |
Restricted funds 2023 £ - - 52,317 - - 52,317 |
Unrestricted funds 2023 £ 374,395 379 124,656 24,583 (2,791) 521,222 |
Total funds 2023 £ 374,395 379 202,238 24,583 (2,791) 598,804 |
|---|---|---|---|---|
19. Pension commitments
The charity 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 charity to the fund and amounted to £1,382 (2023: £1,507) were payable to the fund at the balance sheet date and are included in creditors.
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