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2021-03-31-accounts

COMPANY REGISTRATION NUMBER 1883734

HACKNEY CITY FARM LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 MARCH 2021

Charity Number 291211

Hackney City Farm Ltd - Company Limited by Guarantee

FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

CONTENTS PAGE
Members of the Board and professional advisers 1
Trustees Annual Report 2
Independent examiner's report to the members 10
Statement of fnancial activities (incorporating the
income and expenditure account) 11
Balance sheet 12
Notes to the fnancial statements 13

Hackney City Farm Ltd - Company Limited by Guarantee

MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS

Registered charity name Hackney City Farm Limited
Charity number 291211
Company registration number
1883734
Principal ofce Hackney City Farm
1A Goldsmiths Row
London
E2 8QA
Trustees David Brook
Sergio Almasy
Stuart Maxwell
Sarah Leach
John Condon
Catrin Lewis
Secretary Sergio Almasy
Farm Director Chris Pounds
Independent examiner Stephen Welch FCA
Long Acre, Howe Lane
Great Sampford
Essex, CB10 2NY
Bankers National Westminster
403 Bethnal Green Road
London
E2 0AF

Charity

Number

291211

1

Hackney City Farm Ltd - Company Limited by Guarantee

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2021

The trustees, who are also directors for the purposes of company law, present their report and the unaudited financial statements of the company for the year ended 31 March 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the financial statements.

THE TRUSTEES

The trustees who served the company during the period were as follows: David Brook Sarah Leach Sergio Almasy John Condon Stuart Maxwell Catrin Lewis

STRUCTURE, GOVERNANCE AND MANAGEMENT

Hackney City Farm Ltd (the Farm) is a Registered Charity and Limited Company. It is governed by the Articles of Association (Companies Act 1948) agreed in 1984 and Trustees were appointed and elected in accordance with the memorandum at the Annual General Meeting 13th December 2008.

ORGANISATION, MANAGEMENT AND DECISION-MAKING STRUCTURE

The management of Hackney City Farm is vested in Trustees, meeting as the Management Committee and responsible for the administration of the Farm's affairs and the general policy of the Farm in accordance with clause 43 of the Memorandum of Articles. There are 6 Trustees serving during the 2020/21 term. The day to day management of the Farm is carried out by a paid Farm Director.

POLICY STATEMENTS Reserves

The reserves are the resources from the Farm's unrestricted income to spend at the Trustee's direction in the furtherance of the Farm's objects once it has met its commitments and covered its planned expenditure. The Trustees direct that sums are to be held as reserves when it is their considered view that it is in the Charity's best interest to do so. The review is made

annually, normally at budget approval and at other times as the Trustees consider prudent. Currently the Farm maintains a 3 month operating cost reserve with any remainder designated to Farm development projects.

Investments

The Trustees have reviewed the deposition of the Farm's reserves funds and approve a policy of placing reserved funds with deposit taking institutions where appropriate. No more than the maximum covered by the Financial Services Compensation Scheme is to be placed with any one deposit taker.

Risk Analysis

The Farm has developed a Risk Management System and associated working policies. This has been in conjunction with the PQASSO Quality Standards Scheme.

Quality Standards

The Farm holds the Charity Evaluation Services PQASSO Standard Level One in all areas.

Public Benefit

The objects of the Farm are for public benefit, specifically around food farming and the wider environment. The City Farm serves to create and maintain a lifelong learning environment where local people can gain knowledge, green skills, confidence and learning opportunities through Farm activities and the education & training programmes. In planning and

Charity Number 291211

2

Hackney City Farm Ltd - Company Limited by Guarantee

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2021 reviewing the Farm Business Plan and the activities taking place, the Trustees are

mindful of the Charity Commission's guidance on public benefit.

Charity Number 291211

3

Hackney City Farm Ltd - Company Limited by Guarantee

TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021

ACTIVITIES

Our projects come from the ideas of volunteers, partners and visitors to the Farm. We work in collaboration to deliver activities that everyone involved feels part of creating.

We get things done by working in mixed ability groups, mostly outside, where decisions are made by consensus. These activities cut across three main areas:

Community - Through volunteering we build strong relationships in and across communities, building personal resilience and improving wellbeing

Farming and the Environment - We have created inspiring green spaces around the Farm to promote urban ecology and for visitors and volunteers to learn about farming and environmental issues.

Young People – We have dedicated services supporting young people to learn and grow, with a particular

special educational needs and disabilities.

OBJECTIVES AND ACTIVITIES

To promote for the public benefit of the inhabitants of Hackney, neighbouring boroughs and surrounding areas the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic deprivation or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.

To advance the education of inhabitants of Hackney, neighbouring boroughs and the surrounding area in subjects relating to sustainable development, local food production and the protection, enhancement and rehabilitation of the environment.

To advance the education of the public in the subjects of sustainable food production, farming and the production of food through the exhibition of animals in common agricultural and domestic use.

To develop the capacity and skills of socially and economically disadvantaged inhabitants of Hackney, neighbouring boroughs and surrounding areas in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society.

To provide opportunities for social interaction and support and to provide education and training opportunities that are accessible to residents of Hackney and neighbouring boroughs.

focus on supporting those with

Charity Number 291211

4

Hackney City Farm Ltd - Company Limited by Guarantee TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021 Charity Number 291211

Hackney City Farm Ltd - Company Limited by Guarantee

TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021

CO-OPERATING WITH OTHER CHARITIES AND RELATED PARTIES

There are no relationships between Farm and related parties that fall within the requirements for disclosure under Charity SORP 2005.

The Farm works in partnership with a number of organisations on various projects:

New Regents College Connecting All Communities Haggerston Park User Group Ida’s Kitchen and Caritas Social Farms and Gardens Shoreditch Trust Hackney Wood Craft Group Renaisi Get Loose Skyway Denizens Hip Hackney Fonic Tantrums Children’s Creative Centre

Hackney Fine Arts Gary March Design Gala Therapy Growing Communities Hackney Bike Workshop SoleShare Hackney Herbal New Life Wood Living Windows Food Cycle Hackney Food Network Felix Project The Feel Good Community

The Farm is a member of / works closely with:

Farms for Schools Immediate Theatre Group Hackney Environmental Education B6 College / Hackney Community College Network

Sebright Children's Centre Hackney Community Transport London Orchard Project Inspire Connections

Our Funders

In addition to the generosity of individual supporters, we received funds from: The Bank of England Defra Hackney Giving

London Borough of Hackney The National Lottery New Regent’s College North London Waste Authority Social Investment Business - REACH

Charity Number 291211

6

Hackney City Farm Ltd - Company Limited by Guarantee

TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021

ACHIEVEMENTS AND PERFORMANCE

The last 12 months have been an unprecedented period in the life of Hackney Farm. None of us envisaged we would be closed to visitors for over a year. Despite the restrictions we were able to keep a number of activities going and are pleased to report some real achievements in supporting people through the crisis and maintaining a strong financial base.

We will be eternally grateful for the ongoing support of our volunteers, funders and partners who have made all of the activities possible through this difficult time.

Responding to the Crisis

After closing down the majority of activities at the start of the pandemic in April, we set-up safe systems for key staff to care for the animals and quickly identified areas where we could help people respond to the crisis.

Food Relief

There was an immediate concern for people on low incomes. We provided a base for FoodCycle to receive bulk good deliveries and redistribute food parcels.

We were able to supplement the parcels from FoodCycle and the Women’s Inclusive Team with fresh herbs, fruit and vegetables from the Farm’s gardens.

----- Start of picture text -----
Following these initiatives, in the
Autumn we worked with Hackney
Council to set up a Food Hub where the
Felix Project could deliver a large
amount of food each week to be
collected by local projects. After
Christmas, continuing to work with
redeployed council staff, we were able to
double the amount of food available.
----- End of picture text -----

Animal Care

During the first lockdown, we decided to move the large animals off site to a farm in Kent, greatly reducing costs. With the spare space in Hackney, we were able to take in smaller animals from other city farms, like Coram Fields, who were no longer able to care for them.

With this approach we avoided making any unplanned animal sales and continued the pig, goat and sheep breeding programmes undisrupted.

We shared our experience of running a city farm during the pandemic with Anita Rani on BBC Countryfile, which got an overwhelming response from the public.

Charity Number 291211

7

Hackney City Farm Ltd - Company Limited by Guarantee

TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021

SUMMARY OF YEARS ACHIEVEMENTS (continued)

Mental Health Support

In September, we partnered with Chand Basi from Gaia Therapy to establish a Garden Therapy Group for people suffering acute mental health issues.

The service was open to people who could not access other support services and were experiencing heightened levels of anxiety, stress, isolation or depression as a result of the pandemic. The group was made up of firstgeneration migrants, the majority of whom are People of Colour.

The many gifts and efficacy of ecotherapy are well publicised. However, funders and providers are not always aware of how White these spaces can be. Many members of the group spoke of a longing to connect with the natural world and feeling unwelcome and uncomfortable in green spaces.

The Group has proved to be a nourishing space for members to explore woundings and find healing around the legacies of slavery, racism and the ruptures in belonging that can come through migration.

Reflecting on the impact the project has had, we plan to continue the Group as a long-term service.

Volunteering and Education

Hackney City Farm School was the first activity to restart on site, providing education to vulnerable and at-risk young people completing Key Stage 4. Thanks to the sterling efforts of the school team, led by Adrian Johnson, we were able to offer a blend of remote learning and onsite support. Students were able to continue their education, access any support they might need and give families respite.

We also provided activities for parents and toddlers including an open-air library where children could come as part of their daily exercise to find books in see-through wrappers among the trees in the woodland.

We also began hosting small groups of volunteers to help garden and care for the animals. Demand was especially high for this kind of outdoor activity and we have got to know a lot of local residents that, due to the peculiar circumstances of the pandemic, are getting involved in projects at Hackney City Farm for the first time.

"The project has been very refreshing and innovating for me in these challenging times. It has help me to express myself, hear other people's stories, speak on mine and get out to be surrounded by beautiful nature. I really love and enjoy the way the project is running and wish it was a bit longer."

Feedback from the Garden Therapy Group accompanied by a picture from another member who used photo art to document their experience.

Charity Number 291211

8

Hackney City Farm Ltd - Company Limited by Guarantee TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021 Charity Number 291211

Hackney City Farm Ltd - Company Limited by Guarantee

TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021

SUMMARY OF YEARS ACHIEVEMENTS (continued) - Capital improvements to the site

In a normal year we have over 100,000 people visit Hackney City Farm to see the animals, visit the gardens, volunteer or take part in a project or workshop. This puts a lot of strain on the site and the buildings, some of which are over 100 years old.

We were able to complete these works using mostly waste or reclaimed materials. The result is more outdoor and indoor space to support a wide range of crafts, arts and education activities.

Being closed to the public gave us a unique opportunity to improve the site and create more space for community projects.

Grabbing this chance with both hands we worked with a small team of skilled volunteers to:

Before, and…

----- Start of picture text -----
...after.
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Charity Number 291211

10

Hackney City Farm Ltd - Company Limited by Guarantee

TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW

Trustees are pleased with the Charity's activities during the year and the way in which Hackney City Farm have managed the financial implications of the pandemic.

In April, in the middle of the first lockdown, we faced losses of 20% from social enterprise activities and on-site donations, with serious risk to a further 25% of income in lost license payments from the other organisations operating on site.

In response all Farm Staff, not including School Staff, have been on furlough for their contracted hours relating to earned income from activities we could no longer deliver. Furthermore, we reduced overheads by ‘mothballing’ parts of the site no longer needed during the lockdowns and secured emergency funding where we were eligible.

As we rely heavily on the Spring and Summer to generate income, the lifting of restrictions later in the year did not lead to a recovery of many of the social enterprise activities. Though losses were not as bad as forecast, we saw significant reductions in earned income from social enterprise and license payments. However, these losses were offset by a reduction in overheads and an increase in donations, including two one-off large donations from philanthropists.

As a result, we were able to increase unrestricted reserves in anticipation of major capital spend in 2021/22, including replacing the School people carrier and farm van with ULEZ compliant vehicles, and starting major renovations and an extension to the main building.

STAFF

All staff have been on furlough to some degree, with the exception of School staff, who have worked throughout. Staff have worked brilliantly under the conditions created by the pandemic, finding new and innovative ways to save money, generate income and support the community.

PLANS FOR FUTURE PERIODS

Recovery

As we hopefully put the worst of the pandemic behind us, in 21/22 we plan to:

Representation

In 2020, we established a Diversity and Inclusion Group involving all organisations and projects based at Hackney City Farm. This is a mix of charitable, community and commercial organisations employing and working with over 100 people.

In the year to come the D&I Group will be looking to take practical steps to ensure everyone that comes to Hackney City Farm for whatever reason continues to feel welcome and at ease.

New Collaborations

In spaces reclaimed during the lockdowns, we will be working with social enterprises, local artists and makers including Living Windows, London Green Wood and Gary March Design to support local businesses, arts and crafts and create even more opportunities for people visiting Hackney City Farm to learn and grow.

Mental Health

Following the success of Gaia Therapy we plan to scale up the project by establishing a collective of psychotherapists delivering low-cost or free counselling and group therapy at Hackney City Farm.

Charity Number 291211

11

Hackney City Farm Ltd - Company Limited by Guarantee TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021 Charity Number 291211 12

Hackney City Farm Ltd - Company Limited by Guarantee

TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2021 PLANS FOR FUTURE PERIODS (cont)

Farmyard and Gardens

We plan to continue working with our partner farms on the breeding programmes of sheep, goats and pigs. In particular we are looking to expand the herd of Anglonubian goats which has proved successful in creating opportunities for students and volunteers to try their hand at milking and cheese making as well as the kids being firm favourites with visitors.

By the end of the year we hope to have all breeding ewes back at the farm. Which would mark a complete return to normality.

In the gardens, we plan to create two new beds, demonstrating which plants grow well in dry shade and how to integrate edible crops into an ornamental garden. As well as replanting a hedge along the boundary of the farm.

Capital Works

We have a lease from Hackney Council for the site until 2083 which is an invaluable resource for providing community

services, unique farming and gardening spaces, and for generating revenue. The main building is over 150 years old and due an update to make it suitable and accessible to a broad range of activities, over the next 30 years.

We have started scoping major renovations and an extension to the main building with the aim of increasing indoor space, updating facilities and reducing our ecological footprint. In 2021/22 we aim to draft a comprehensive proposal for the works with which to secure funding.

Strategic Plan

We are over halfway through our Five Year Plan which, despite the pandemic, we are on track to deliver. The central themes of the current Five Year Plan were improving Operational Processes to reduce costs, improving accounting and business planning and support monitoring.

Towards the end of 2021/22 we plan to begin reviewing our progress against the current plan and begin discussing strategic themes for the next Five Year Plan.

INDEPENDENT EXAMINER

Stephen Welch FCA has been re-appointed as independent examiner for the ensuing

Registered office: 1a Goldsmiths Row London E2 8QA

December 2021

year.

Signed by order of the trustees

Sergio Almasy Company Secretary

Charity Number 291211

13

Hackney City Farm Ltd - Company Limited by Guarantee

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF HACKNEY CITY FARM LIMITED

YEAR ENDED 31 MARCH 2021

I report on the accounts of the company for the year ended 31 March 2021 which are set out on pages 11 to 18.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees (who are also the directors of Hackney City Farm Limited for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Stephen Welch FCA Independent examiner

Long Acre, Howe Lane Great Sampford

Charity

Number

291211

14

Hackney City Farm Ltd - Company Limited by Guarantee

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF HACKNEY CITY FARM LIMITED

YEAR ENDED 31 MARCH 2021

Essex, CB10 2NY

December 2021

Charity

Number

291211

15

Hackney City Farm Ltd - Company Limited by Guarantee

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2021

Total
Unrestrict Restricte Funds Total Funds
ed Funds d Funds 2021 2020
Note £ £ £ £
INCOME AND
ENDOWMENTS
Donations and
legacies 2 314,566 84,086 398,652 268,362
Other trading
activities 3 97,448 – 97,448 165,956
Investment income 4 16 – 16 40
------------------------------------------- ------------------------------------- -------------------------------------------- --------------------------------------------
TOTAL INCOME 412,030 84,086 496,116 434,358
--------------------------------------------- ------------------------------------- -------------------------------------------- --------------------------------------------
EXPENDITURE
Expenditure on:
Raising donations and
legacies 5 (82,660) – (82,660) (234,050)
Charitable activities 6 (146,955) (88,699) (235,654) (245,620)
------------------------------------- ------------------------------------- ------------------------------------- -------------------------------------
TOTAL EXPENDITURE (229,615) (88,699) (318,314) (479,670)
------------------------------------- ------------------------------------- ------------------------------------- -------------------------------------
NET (EXPENDITURE)
/INCOME 182,415 (4,613) 177,802 (45,312)
Total funds brought
forward 54,760 14,542 69,302 114,614
------------------------------------- ------------------------------- ------------------------------------- -------------------------------------
TOTAL FUNDS CARRIED
FORWARD 237,175 9,929 247,104 69,302
+
+================ =================
================= ================= ================= =================
================= ================= ================= =================
======== ====== ======== ===============

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

The notes on pages 12 to 19 form part of these financial statements.

Charity Number 291211

16

Hackney City Farm Ltd - Company Limited by Guarantee

BALANCE SHEET

31 MARCH 2021

2021 2020
Note £ £ £
FIXED ASSETS
Tangible assets 12 2 2
CURRENT ASSETS
Debtors 13 13,362 3,343
Cash at bank and in hand 245,375 80,475
-------------------------------------------- -------------------------------------
258,737 83,818
CREDITORS: Amounts falling due
within one year 14 (11,635) (14,518)
---------------------------------------------- -------------------------------------
NET CURRENT ASSETS 247,102 69,300
------------------------------------------- -------------------------------------
TOTAL ASSETS LESS CURRENT LIABILITIES 247,104 69,302
-------------------------------------------- -------------------------------------
NET ASSETS 247,104 69,302
==============
============== ==============
============== ==============
============== ==============
=== ======
FUNDS OF THE CHARITY
Restricted income funds 15 9,929 14,542
Unrestricted income funds 16 237,175 54,760
------------------------------------- -------------------------------------
TOTAL CHARITY FUNDS 247,104 69,302
==============
============== ==============
============== ==============
============== ==============
===== =========

For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to small companies

subject to the small companies regime and in accordance with FRS102 SORP.

These financial statements were approved by the members of the committee and authorised for issue on the December 2021 and are signed on their behalf by:

The notes on pages 12 to 19 form part of these financial statements.

Charity

Number

291211

17

Hackney City Farm Ltd - Company Limited by Guarantee

BALANCE SHEET

31 MARCH 2021

2021 2020 Note £ £ £ .......................... .......................… David Brook Sergio Almasy

Company Registration Number: 1883734

The notes on pages 12 to 19 form part of these financial statements.

Charity

Number

291211

18

Hackney City Farm Ltd - Company Limited by Guarantee

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of accounting

These accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.

Going Concern

It is the opinion of the Directors of the company that it is appropriate to prepare these accounts on the Going Concern basis

Incoming resources

Voluntary income is included in the statement of financial activities (sofa) when the charity is legally entitled to the income and the amount can be quantified with reasonable certainty.

Grant income is included when the related conditions to the grant have been met.

Donations are credited to the revenue account when received.

All other income is accounted for on a receivable basis

Fund accounting

Unrestricted general funds

The charity maintains a general unrestricted fund, which represents funds which are expendable at the discretion of the Trustees in furtherance of the objects of the charity. Such funds may be held to finance both working capital and capital investment.

Restricted funds

Restricted funds have been provided to the charity for particular purposes and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.

Resources expended

All resources are accounted for on an accruals basis.

Costs of generating funds are those costs incurred in attracting voluntary and grant related income.

Expenditure on charitable activities include the direct costs of the activities including those costs previously shown as Governance costs.

Fixed assets

All fixed assets are initially recorded at cost.

Charity

Number

291211

19

Hackney City Farm Ltd - Company Limited by Guarantee

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Unrestric Total
ted Restricte Funds
Funds d Funds 2021
Donations £ £ £
Donation at farm 113,6
113,683 – 83
Grants receivable
Hackney Giving CCG Crisis and Response
– 2,130 2,130
LBH Grants 20,194 – 20,194
Grants and donations for School
Expenditure 180,689 – 180,689
LBH Community Grant – 14,636 14,636
LBH/Defra Food and Essentials Grant – 3,140 3,140
LBH Specialist Grant – 30,000 30,000
National Lottery Community Fund – 24,259 24,259
NLWA Waste Prevention Community Fund – 9,921 9,921
------------------------------------------- ------------------------------------- --------------------------------------------
314,566 84,086 398,652
============== ==============
============== ============== ==============
============== ============== ==============
============== ============== ==============
=== ======== ===
Total
Unrestrict Restricted Funds
ed Funds Funds 2020
£ £ £
Donations
Donation at farm 33,624 – 33,624
Grants receivable
LBH Grants 35,000 – 35,000
Grants and donations for School
Expenditure 173,598 – 173,598
Awards for All – 12,130 12,130
Reach HCF – 14,370 14,370
------------------------------------------- ------------------------------------- ----------------------------------------------
241,862 26,500 268,362
============== ==============
============== ============== ==============
============== ============== ==============
============== ============== ==============
=== ======== ===

3. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
Unrestric Total Total
ted Funds Unrestrict Funds
Funds 2021 ed Funds 2020
£ £ £ £
Sale of produce / other 13,816 13,816 9,292 9,292
Cafe 15,140 15,140 39,000 39,000
Room Hire 3,763 3,763 14,382 14,382
Licence fees from Workshops 58,039 58,039 62,960 62,960
Pottery 2,920 2,920 29,155 29,155
Charity Number 291211
20

Hackney City Farm Ltd - Company Limited by Guarantee

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

Other activities for generating funds 3,770 3,770 11,167 11,167 -------------------------------------------------------------------------------------------------------------------------------------------------------------- 97,448 97,448 165,956 165,956 ============== ============== ============== ============== ============== ============== ============== ============== ============== ============== ============== ============== ============== ============== ========= ======== == ==

4. INVESTMENT INCOME

Unrestric Total Total
ted Funds Unrestrict Funds
Funds 2021 ed Funds 2020
£ £ £ £
Bank interest receivable 16 16 40 40
============== ============== ============== ==============
== == == ==
5. COSTS OF RAISING DONATIONS AND LEGACIES
Unrestric Total Total
ted Funds Unrestrict Funds
Funds 2021 ed Funds 2020
£ £ £ £
Costs of generating income 82,660 82,660 234,050 234,050
============== ==============
============== ============== ============== ==============
============== ============== ============== ==============
============== ============== ============== ==============
========= ========= === ===
6. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
Unrestric Total
ted Restricte Funds
Funds d Funds 2021
£ £ £
School 146,955 – 146,955
Awards for All – 7,872 7,872
Woodland Project – 394 394
Haggerston Project – 2,091 2,091
Reach HCF – 4,185 4,185
NLWA Waste Prevention Community Fund – 9,922 9,922
LBH Community Grant – 14,636 14,636
LBH/Defra Food and Essentials Grant – 3,140 3,140
LBH Specialist Grant – 27,228 27,228
National Lottery Community Fund – 17,101 17,101
Hackney Giving CCG Crisis and Response – 2,130 2,130
--------------------------------------------- ------------------------------------- ---------------------------------------------
146,955 88,699 235,654
============== ============== ==============
============== ============== ==============
============== ============== ==============
Charity Number 291211
21

Hackney City Farm Ltd - Company Limited by Guarantee

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

============== ==============
==== ======== ===
Total
Unrestrict Restricted Funds
ed Funds Funds 2020
£ £ £
Learning Trust 147,514 58,494 206,008
Social Enterprise 12,116 – 12,116
Awards for All – 13,393 13,393
Woodland Project – 3,718 3,718
Reach HCF – 10,185 10,185
------------------------------------------- ------------------------------------- --------------------------------------------
159,630 85,990 245,620
============== ==============
============== ============== ==============
============== ============== ==============
============== ============== ==============
==== ======= ==

7. NET (OUTGOING)/INCOMING RESOURCES FOR THE YEAR

This is stated after charging:

2021 2020 £ £ – – Depreciation ============== ============== == ==

8. FUND TRANSFERS

A net transfer of unrestricted core funds to restricted funds of £nil (2020 - £nil) has been made, in order that restricted reserves, carried forward, are in accordance with the individual project reserves which were held at 31st. March 2021.

9. RESTRICTED FUNDS

Income and expenditure related to specific projects is shown as restricted funds. These cover the projects as set out in note 6 above.

10. STAFF COSTS AND EMOLUMENTS

STAFF COSTS AND EMOLUMENTS
Total Gross staf costs, excluding Furlough receipts, were as follows:
2021 2020
£ £
Wages and salaries 200,405 237,077
Social security costs 18,604 17,702
Other Pension costs 4,607 4,194
--------------------------------------------- ----------------------------------------------
223,616 258,973
============== ==============
============== ==============
Charity Number 291211

22

Hackney City Farm Ltd - Company Limited by Guarantee

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

============== ============== ============== ============== ======= ====

Particulars of employees:
The average number of employees during the year, was as follows:
2021 2020
No. No.
Number of staf 10 11
============== ==============
== ==

No employee received remuneration of more than £60,000 during the year (2019 - Nil).

11. TRUSTEES' REMUNERATION

No Trustee received either remuneration or reimbursement of expenditure during the year.

Charity

Number

291211

23

Hackney City Farm Ltd - Company Limited by Guarantee

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

12. TANGIBLE FIXED ASSETS

**12. ** TANGIBLE FIXED ASSETS
Leasehol
Equipme d
nt Property Total
£ £ £
COST
At 1 April 2020 and 31 March 2021 18,011 266,706 284,717
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DEPRECIATION
At 1 April 2020 18,009 266,706 284,715
------------------------------------- --------------------------------------------- --------------------------------------------
At 31 March 2021 18,009 266,706 284,715
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NET BOOK VALUE
At 31 March 2021 2 – 2
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At 31 March 2020 2 – 2
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**13. ** DEBTORS
2021 2020
£ £
Trade debtors 6,665 3,343
Other debtors 6,697 –
------------------------------------- -------------------------------
13,362 3,343
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**14. ** CREDITORS: Amounts falling due within one year
2021 2020
£ £
Trade creditors 7,582 11,585
Taxation, social security and pension 891 1,422
Other creditors – 211
Accruals 3,162 1,300
------------------------------------- --------------------------------------
11,635 14,518
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Charity

Number

291211

24

Hackney City Farm Ltd - Company Limited by Guarantee

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

15. RESTRICTED INCOME FUNDS

Balance at
Balance at Incoming Outgoing 31 Mar 202
1 Apr 2020 resources resources 1
£ £ £ £
Awards for All 7,872 – (7,872) –
Reach 4,185 – (4,185) –
Haggerston Project 2,091 – (2,091) –
Woodlands 394 – (394) –
Hackney Giving CCG
Crisis and Response – 2,130 (2,130) –
NLWA Waste
Prevention
Community Fund – 9,921 (9,921) –
LBH Community Grant – 14,636 (14,636) –
LBH/Defra Food and
Essentials Grant – 3,140 (3,140) –
LBH Specialist Grant – 30,000 (27,228) 2,772
National Lottery
Community Fund – 24,259 (17,102) 7,157
------------------------------------ -------------------------------------- ------------------------------------------- --------------------------------
14,542 84,086 (88,699) 9,929
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UNRESTRICTED INCOME FUNDS
Balance at
Balance at Incoming Outgoing 31 Mar 202
1 Apr 2020 resources resources 1
£ £ £ £
General Funds 54,760 412,030 (229,615) 237,175
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16. UNRESTRICTED INCOME FUNDS

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible Net
fxed current
assets assets Total
£ £ £
Restricted Income Funds:
– 9,929 9,929
Unrestricted Income Funds 2 237,173 237,175
---------------- -------------------------------------------- --------------------------------------------
Total Funds 2 247,102 247,104
============== ============== ==============
Charity Number 291211
25

Hackney City Farm Ltd - Company Limited by Guarantee

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

============== ============== ============== ============== ============== ============== == ==== ===

18. COMPANY LIMITED BY GUARANTEE

In the event of the winding up of the company, the liability of the members is limited to their initial subscription.

Charity

Number

291211

26