REGISTERED COMPANI. NUhlBF.R: 020051112 (F.ngl&nd and lTrales} REGISTEREDCHARITY NLIWIBER.. 294139 Re￿rt of the Tru$tees Audiied FI￿anCial Staternents for the l'ear Ended 29 Februarv 2024 for Oxford Fsrming Conferen¢elThv) The Hui¥hin9)Th Pannership Litr.ired trading as The Hulchin￿￿ Partsiership Chart¢rrd Accountsn15 Jnd Staiulorv Auditor The Bull Pen Gro%L F PoTlway. BU￿h111 Hereford HR4 SNF Oxford FArming Conftrert¢elTbe} Contents of the Flnanelxl Statemellts for the Year Indtd 29 Februury 2024 Page Report of the Trusttts Report of the Independent Auditors St4tement of Flnancfial Actlvltl 10 B41gnce Sheet NDte5 to the Financial Staletneut5 12 10 18 Oxford FArming Conftrert¢elTbe} (Registered ￿Umber. 0200i012) Rtp(krt of the Trustets for the Year Indtd 29 Februsry 2024 The trustee5 who are also director5 of Ihe charity for the purw)sts of IIK Companies Act £(M)6. pre5enl their report wilh Ihe fiiiancial tLmLnt% of thi iharjly foi thL yL*r L TrdLd 29 FLbruary ryO?4. ThL ttubiLL* htt%"L #duplLd IhL provisJon% vf AcLUUTrtin¥ Rcporting by Chariiies." Siatemeni of Recommende11 Prnciice appliiable 10 charities prepaTing iheir accounts in accordance wilh rhe Financial Reporting Standard applicable in the UK aDd Republii of Ireland (FRS 1021 (effective l January 2019). OBJECTII'ES AND ACTIVITIES Ubjectiw¢$ #nd #ims The conipan) s objectiN"es are to encourage and promote the iTnproved use of land for food prLKluction and other Purposes for the benefit of the ¢ommunit)' in the United Kingdom artd elseuhere. as itat=d in the (ToTreming d￿uMentS. The company IM)Ids an aniiual farminiT conference and uses this as an opportuniry io >uppon studeJiLS alid i)ew enirants into the agri¢ultural industry. as well as supportinR Il)ose alread!. involNed in the 5eclor. The Irustees have referred io the Chariiy Commis)lOn's guidance on public ￿ner11 wheth reviewing ihe actiwitits. -haniy's objectives and ACHIEVEMENT AND PERFOILIIANCE Thc O.xfDrd Famiittg LonfcrLnLC. held in Januarv ?0?4 was cntitlcd. Power of Divcrsity, with a POWLrful rangL tsf spcakcrs ajid activities which celebraied Diversity in its widest sense. The ?0?4 conference was available both as a physical eonterence and as a virtLthI experience for those who wished to participate but were unable to attend in ￿tsort. The ¢onf¢Tence sirapline of.- include- challenge- inspire sets ihe backi1n)p io papers rhai rdnged from irade and politici supply chain SU51ainabilitv, sLict]cc. inspirin¥ franncrs, f￿]d innoi'ations. rlcruitnicnt al￿ pcoplc nutlcrs. rbc cnvironmcnl and fanning as a blind Tnan to the dEbate with 115 prot￿lI70n Ihal 'ih15 hous¢ belieTre5 Ihai farJnLng lor f(K)d 15 holding back. natUTE recoTretJ' proleLied landscapes,. The Tru5teEs have decided to change the OFC strdpline Lo 'lTLclude= Challenge= Illspi￿ from Infortn.. Challenge-. Inspire,. This change is entirely consistent with the theme of the 2024 Conference 11)e Power of Diversity. and refleLts th¢ impor¢ance of inclusivity in the s¢cior. Agdin, Ihe conference twell SUPIKlrted and ￿lde]Y covered by the media including bro#de&%L radio. bmadsheei Irdde pre%%, and excelleni I¢￿'elS of conference ¥ON'erage were achie%'ed. The Irustees again comrni55i0ned 3 repor1= The 2014 OFC RepoTt - Is th¢ UK supply thain brokeng Thi5 report can be found o OFC'S web811¢ (see below). The conference website MYw.ofc.org.uk is fully fi￿Ction1ng with a c(xJwrehensii'e colleciion of previous papers. prtsentations and ¢tsnt¢rence video footage, making refeienLe to the ¥onfetence through ihe }ear more aL¥es5ible. Both Ihe Scholar5 and Inspire (previously Emer8ill8 Leaders) programme5 coniiDue lo be actively supporfO. This substantially covers the co.st Df tunning a phy%ical annual conference wheit cost.% 11rise in advdnce of income being ieceik'ed i.e. thi% 1% a working capital cothtingency. The actual level of reserves held Tr'ary due lo the financial out-lurn of conference5 and change5 in the value of the Charity's invesimenis. Any ¥urplu%e4 will be used tor the following purposes over d period of time.. lQeep Iiikel priLes incre&ses lo a rninimum Protnote oth¢r educational act)vities Undertake a project Spvnsor SLhulars All of the aboye are Lonsisient with ihe chariiy's pritKipal objectives. The Iru5ttes will continue lo revitw ihe reserves ￿lICY and the use of aTLy sU￿[uS assets on an aT]nual basis. Page 2 Oxford FArming Conftrert¢elTbe} (Registered ￿Umber. 0200i012) Rtp(krt of the Trustets for the Year Indtd 29 Februsry 2024 FUTURE PLANS The Council Th'ill conlinlie lo tnaitllain The Oxford FaTn]ing ConfereT]ce as the p￿uncil ycar. Prospective irnstees can apply and are chosen (or iheir abilill, io bring different Skills and contscis io Council and so enable ihe ain of the conferthce lo be fllifilled. New trustees ststNJ for election bv ihe members ai the Ar￿lla[ General Meeiing ill Janllarv. The second-year tru5tets dtride bel￿¢¢￿ thern5elTr"es ￿h0 should be the following }'eat's Chai¥. In the event ot More than one waThting lo do li, the ¢l)oi¢e of Chair is pui io vole by the [n￿lee￿. The Dther INstee acts a5 FinaTbCe Director and prepares financial reports for each meeting. The Finance Director. who is als(Tr the Treaburer. is Lhosen for his or her financia] and ac¥ounting skills and may setve longer than the three years if deiided at the Annual General Nl¢etiiig. All truNt¢L'% arc a]w thc compan￿% directo￿ during thcir tcrni a¥ a tr￿'tec. The board ensures thai the business of The Oxford Farming Conference is conducted in accordance with its- Lharitablt aims and is legally resporb5ible tor 115 goveinaace and fflanagement. ThLfL arc iisually tLn full mcLtings of thc Countil a Trear151W.'ts of which are now telCLOnfc￿nCe Slyl¢ to hLlp ieduLC limc and cxpcn$¢ in administrati(Trn of the conterencel with ad hoc committee meetings i(Tr w'ork- on specific issues. C4)uncil Membepi have an iinrA)rtdni role ith reprtsetiiing the conference in the bu%ines% ¥eo4rd]thicdl dre&% in which they 0￿rate. Over ihe yeaTS il is appareni thai their personal recommendations plav an imponani role In en¢ouraging allendance ai Oxford by boih dcli¥atcs speakers. as WLII as sccurin8 llcccssary sp)nsonhip and fi]iurc dircitor applications. Inductlon snd traiDlng of new trustees All [￿W ttu%tee% ieceiN'e un induction pack" settin¥ out the aLTII.% of The Oxford Fannin¥ C(￿ference. it% objectii'es and the action% tlial will be expected of them. They aTC iTlI'ited to atlelld a Council meeting. u5uallTr the ont in NO￿¢Mber. as observers so they Unde￿tand the aims of the conlerence, its obje¢iiN'es and the aitions th￿ ￿111 be exp¢¢t¢d of them. They are also in￿lled to altthd the Annual General Meeting wh¢re ih¢y sthnd tor ¢leaion by the ¢xisiiiigdirector>. Odi¢r I￿sIee training is provided as requir¢d. Rlsk The INsiees have ¢ondu¢ied Iheir own review of ihe major risks 10 which the chariry is extrfwd and syllems have been esthblished IL) minimise those risks. Internal risks are mininiis¢d b), the implementJiion of procedures for authorisation of all trarnsactions and project5 and to ensure Eonsislenl quality ot. delii'¢T)' for all operalional aspects of the chantable Col￿panY. These procedure5 aTe CU￿¥1]11Y bting reviewed to ensur¢ ihat ihev are still meeting iht n¢¢ds of the ehariiable company. REFERENCE AIYD ADMU*ISTRATIVE DET.41LS Registered Company numbtr 02005012 IEniTrland and Wales) Registered Charitv nutnber 294139 Registered BGA Hoiige Noitingham Ro*d Louth Lincolnshire LNII OWB Page 4 Oxford FArming Conftrert¢elTbe} (Registered ￿Umber. 0200i012) Rtp(krt of the Trustets for the Year Indtd 29 Februsry 2024 Tru$¢¢es AM Capper N ParthLLba G San8ome JNI Lalio .TM hlccann AB Kay HorrtLr laI)puintLQ 5.1_24) DJ Hill {appointed 5.1.241 MJ Ca¢camo {L)ppointed 5.1.241 DRB Turner CF Price Iresi%ned 5.1.24} B Tuylur-DaN'Th {re%ignLd 5.1.241 JL Ross (resigned 1.5.231 WP Evans {rtsigned 5.1.24) Compgny Seeretarfies LA EaglLS P Suiion Auditors The Huichinson Pannership Limited trading as Thc Hurchinson PartnLrship CharlerEd Accountants and Statutory Audiior The Bull Pen Grove Farm PoTtway, Burghill Hereford HR4 8NF Invtrstmvnt man#Llers CCLA Invesimenr Managemeni Limiied One .4ng¢l Lane l.ondon F.C.4R IAB STATEMENT OF TRUSTEES. RESPOrySIBILITIES The irnbtees (who are also the direLiors of Oxford Farniing Conf¢rencelThe) for the purposes of Lompany lawl are responsible for pr¢paring the Re￿rt of ihe Truste¢s and t￿ finaii¢ial statements in ac¢ordance with applicable law and United KingdoTn A¢cO￿ting Siandards (United Kin8dom Generdll). Accepted Accounling Prnclice). Company law requires (he [n￿[ce$ to prepare financial stsiemenis for each finatKial year which gI￿e a true and fair view of rhe stale of affairs of the charitable company and of the incoming resources and application of resources, inclLLding Ihe income and expenditure, ot the challtable conipany forthai peri￿J. In prryvrinu those financial slatemcnt5. the ttustee5 leqUlTed to eleLt suitable aLLuunlirtg pulici¥% and th¥n appls, Ihem Lonsi%tently" observe ihe methods ind principle5 in the Chariry SORP; make judgements and estimaieb that are reasonable and pruJent: prepare the financial siat¢m¢nts on the going ¢onc¢rn basis unless It is iiiappropriat¢ tQ PT¢Sunie that the charitable ¢ompany will it¢Iiue iii iTrusiii¢s5. Page 5 Oxford FArming Conftrert¢elTbe} (Registered ￿Umber. 0200i012) Rtp(krt of the Trustets for the Year Indtd 29 Februsry 2024 STATE￿IENT OF TRUSTEES, RESPON.%IBILITIES- continued The trustees are r¢spon5ible for keepins proper acctMJnting record5 ￿hIch disc105e wilh reasonable accuracy al any time the financial position sjf thu LharitublL CUTnpanv iu thitn Iu LnbufL th￿1 IhL financial 5ItJlLtninl% iomplv iih thL Comp#JLIL% Aut ?006. They are also resp)nsible for safegu&rding Ihe asseis ol Ihe charitable company and hence lor iakj.ng reasonable sieps for the prevention and detectloll of fraud and other irregularities. STATE￿IENT AS TO DISCLOSURE OF INFOR TrIATION TO AI'DITORS S4) a% thL IruNILC% atL awAfL. thLli is no [Lliv￿( Inlomidlion dclinid by S.Lliurt 41 % ol IhL LvmpaniL% ALI ?0(￿) uf whiih thL charitsble company's audiior5 are unaware. and each tnjsiee tras thk.en all the steps thai they oll4)hi lo have taken as a Iruslee in order to make them aware of any audil Lnfornmtion and io &*tablish Ihat the Charitable company's auditors are aware of that infom)atioTh. AUDITORS The auditor%. ThL Hutchin50n Partncr%hip LitDitcrt will bc prowd forrc-appointmcnt at thc forthwmin¥ Annual Gcrtral Mcct]n￿. This report has betn prepared in accordance with the s￿ial provisions of Part 15 of the Companies Aci 2(K)6 relating to small companies. Approvcd by tsrd¢r ot th¢ board of trustLCS on 21 Novcmkr 2U?4 atld signcd on its bchalf by_. DRB Tumer- Tn￿tte Page 6 Report of the Independent Auditors to the illembers or Oxford Farming Confer¢nce(Th¢l IRegi5teTed Dumber: 021M)5012) OpiDion We have audited the fjnancial statements of Oxford Famiing CtsnferetLcoThel (the '¢hariiable Company'l for the year ended 29 February 20?4 which comprise the Siaiement of- Financial Acliijii￿. rhe Balance Sheet and n(Tries to the tinan¢ial siatern¢nts, includin8 a 5UtnTnary of si8nificani accounliTi8 poliiies. The financial teportinE ..rame￿.0￿ Ihai ha5 been applied in iheir preparnlion 1% tJppliLablL l&w tjnd unj¢L￿ Kin¥dvm ALLJ)untin8 Standants" (UnilL￿ Kin¥thTrm Gcncrally AcccptLd ALcvunling Pr&LticLI. It] our opinion the fjnancial statements.. give a Irue and lair view ol. Ihe slate of rhe charitable companv's affairs a5 at ?9 FebTuary 2n24 and of its incorningF re50urce5 and atvli¢aiion of resources. inLluding ils income and expenditllre. for ihe trear then ¢nded: hdfvL bLLn prO￿rI¥ prLpafLd In aLcunknnLL ￿"1th LrtllL￿ Kir.g(lom lithLrall> AilLPtLd ALLounting VraLtILL", and ha￿'c been wepared in accordance with Ihe requirtments of the Conipanies Act ?IMI6. Bgsis for opinion I'e conducted our audit in accordance with Inlemational SiaDdard5 on Auditing (Ukl (ISA5 (UKI) and applicable law. Our rL.%PLbnsibilitic% undLI thu4L Standdrds arc furthLr dcscribcd in thc Audito￿, rc5trf)n%ibilitiES fur thc audit ot thc fin￿Lia1 .%lUtClilLtIt4 section of our report. We are independeni of the ¢haniable Company ir accordance ￿lih (he eihical requirements (hai are relevani i our audit of tht financial staltrntnts in iht UK, including the FRC'S Eihical SLir.danL and ihe profvisions available for small entities, iii the circumblances set out in note 17 to the financial 5tattrntnls. and we have fijifilled our other ethical reèponsibilititb in accordance wilh ihe8e requiremenis. We telieve thai ihe audit ei'idence ￿e have obtained is Su￿1¢Ient and appropriaie 10 proN'ide a basis tor our opinion. Coneluslons relltlng to golllg eonttr In auditin&i the financidl %idrement%, we hdwe concluded that the inLsiee%' use of the gL)ing concem b&si4 of acci)uniinLi in the prepararion of ihe financial siarernenis is appropriate_ Based the work we have ￿rf0m￿td, %ve have not Idenlified amv maienal uncerfainiies relating to events or Conditions tha( individually or collectivelv, ma). casi signiticant doubt on the chariiablt compan% s abilit) to continue as a going concern for a ￿riOd ot'at least twelve tnonth5 from when the financial srdtemenL% auth0ri5ed for issue. our responsibilities and ihe reswTrnsibilities of the ¢nJs¢ees with respe¢1 to going con¢ern are L1esLribed in the relevant seLtions of this r¢port. Other Inform*tlvn The Iwsiees are responsible for the orher inforniaiion. The other inforn]aiion comprises the inforn]aiion included in the Annual Repart, other than the fiJMncial statements our Rewrt of the I[Klep￿dent Auditors thereon. Our opinion on th¢ financial statements does noi cover the oiher inforniation aThL excepi io the exleni oih¢n¥ise ¢xplicitly staled in our report, we do not expres% any fonn Of￿￿￿ranLe Conclusion therwn. In connection with our audit of the fil￿n¢1)I stai¢ments. oiir resw>nsibilit}' LS to tead the other infomiation and. in doing so, Lonsider wh¢Ther the oiher information is materially inconsi￿ent ￿'1th the financial statejneiits or our kiiowledge obtained In the audit or otherwise appears lo be malerially missialed. Ifw'e identif% such inaterial inconsi3lencies or appaTrnl Inalerial misslaleInen15. The are r¥quiied to determine whethei Ihi5 ¥iV¢.% Ti,%e to a tnaleiial nii5¥tateTneni in th¢ financial %tat¢nient% Iliem%elve5. If, based on the work we have perfom)ed. we conclude that there is a maierial misitaiemeni ofthig oiher inf0m￿ll0￿. we are required to report that fact. We have nothing 10 report jD this regard. OpiDlons on other m*tters prescrlbed bv the Compxnies Act 21J116 In uur opinion, based on the undertaken In the LUUt%¥ 4Tr1-the audil." the informaiion given in the RerM)n of the frusttts for the fjnancial year for which the financial statements are prepared is ¢{￿siste￿I with the financial statements- and the Report of th¢ TJust¢es has been prepared in aLrordan¢¢ with applicabl¢ legal requiremenis. Page 7 Report of the Independent Auditors to the illembers or Oxford Farming Confer¢nce(Th¢l IRegi5teTed Dumber: 021M)5012) Matter5 on which we are required to report b). exteptioTh In the lighi ol the knowled¥Fe and undetSthndiTrts tsf the Charitable company and its envirotunent obtained in the Course of the audit. we have not identified material misstatem¢nts in th¢ Report ot th¢ Trysieei. WL havl nothin¥ t(p rLpurt In ILSPLXt of thL followin¥ matict5 whLYL iIK- CompaniL? Aet 2(K16 rc4UilC% U¥ ti) lu yuu If. vur opinion: adeqLLate accounting records hawe noi kept relurns adequatr lor our awLit have not been received from branches not visited by us; or th¢ financial siaiemenis are noi in agreemeni with ihe ac¢ouniit)g records and ruums- or Ltir￿In di%Llu4urL% u[trU￿tLL￿, fLmunLraii4)n %PLLl.-1L￿ by drL nul inddL- 4Trr we have not rectived all ihe intormation and explanations we require for our audit- or the trustees were not entiiled 10 take aJ&aThtsge of the small compaJJies exemption fn)m ihe requirement to prepare a Strategic Report or iii preparing the Rewrt of ihe Tn]s1￿. Responsibilit*$ of trustees As eKplained more full). In the S￿leMen1 of Trus1￿, ReS￿nSibili[l¢s. Ihe uwstees (who are also ihe directors of the chariiable compaiiy for Ihe p￿￿oseS of company laivl are resph)nsible l-or iht preparation of ihe finaniial statemtnts and for bting satisfied that thty grive a true lair view. and for such inTer￿al conliol as the IllLStee5 (ktennine is necessary to enable the preparatioii ol fIna￿la[ siale￿en(S thai are free fn)m material misstsierneni. whether due io fraud or error. In preparing Ihe financial statements. the trustees are reswnsible tor assessing the charitable companv's ability to coniinue as a gtTring CLiTrcem, dibcloiing. as applicable, mattetg relate41 to going concetn and usin? the going LOllLern basig of accounting unlebs the tru4tee% either intend io liquiddte the charitable company or to ce&%e operdiion%, or have no ruli%ti¢ aliemaiive but to do %0. Our responsibilitie& for the audit of the ffiThancial $taterneThis Our objtLlives art lo vbiain rfJsun(Ibl¢ assurance about whether the financial statements as a whole are free from material Inisgiaiement, whether due to frdud or error. and io issue a Rcp)rt of the lndeper.dtnt Audiiors that includes our opiiiion. Reasonable aKsUrt￿ce 1% a high level ot &%surance. bul is not a ouardntet Ihal an audil conducted in accordallce with ISA5 (UK) will alway% detect a malerial misstatement when it exisl5. Mi55talement5 can arise from fraud or error aiid aTe considered material if, individually OT in the aggreg&te. they bould reasonably be eApe¢ied ¢0 inf]uence the economic decisions of u>ers taken on the basis tsf ihese flnancial staiem¢nts. The extent to which our procedures are earmble ol'deteeiing irtEgulariiits. including frdud Is detailed below". We determined ih&t the following laws and requlaiions %4'ere most SI￿nIficant including Charities SORP (FRS IU21, Coinp&nie5 Act 2006. Chantle5 Acl 2011 and taxation laws. Wt Lsse55ed ilr exlenl of compliance with rh¢5e law5 and regulations 35 part ol. our procedur¢s on th¢ related financial siatemeni iiems. DisLLl%Sions with niJndgemetJt.Iru%iees itiiluding ionsiderdlion of known or su8peLted insianLQ% of non-LomplianLe with Idwi 2nd re￿UlatIo[l5 and fraiid. and reN'iew of re￿)rtS made b} Manaet￿en1. We assessed the susieptibility of the entity's finanrial statements to mateti#l missta*ment, including how fraud might ￿¢Ur. Audit procedures p¢rtormed in¢lud¢'. - identifying and a5sessins the design eirectivene￿ of conth)lfi manage[T￿nI has in place to p￿e￿I atm] delecl fraud. und¢r.Niunding huw those chatued wilh go￿trnanCe CO￿41der&I and addre*Ned the p(Trteiitiiil for oveiride vr uthei inappropriate influence over ihe finaniial reponing pr(K¢ss. idelltifying and iesting journal entries, in particularany journal entries with unusual account combinations. review'in(F releyant meeting tninutes. - pertomed alwical wocedures 10 ideniify any unusual or unexFcied relaiionships. A further description of our reS￿nsIbIlItieS for the audit of the financial State￿￿￿tS is located on the Financial Reporting Council's website ai www.frc.org.uklauditorsreswinsibilities. This description forn)s part of our Rewirt of the Independent Auditots. Page 8 Report of the Independent Auditors to the illembers or Oxford Farming Confer¢nce(Th¢l IRegi5teTed Dumber: 021M)5012) Use of our report Thib report is Inade solel) to the Charitable ¥ompan)'s members. as a IKKIY. in accordance 14.ith Chapter 3 01 Part 16 of the C.omEMnies A¢r •006. Our audit work has been undertaken so thal we mieht sraie to the diaritable coinpan5 S inembers tlioqe matters are required lo stale to Ihetn in an audiloT5' re￿rt and for no oihknr putTK>5e. To the fullest exlent pertnilied by law, we do not accepi or tL¥bUtnL rLbpun%ibility 10 oihlr th￿￿ thL Lhaiiiablc cotnparty and Ihc chaniabli L￿￿panY'S mcm1￿'r4 t)b & bud>, for our audit work, for ihis report. or for ihe opinions we have fomied. Simon Bennett Bsc FCA (Senior Statutory Auditor} for #nd on behalf of The Hutchinson Partnership Limi*d tradin&T The Hut¢hinwn Partnership Cliarlered Accouniants and Statutory Auditor ThL Bull PLn Grove Fami Portway, BUr￿lI] Heretord HR4 8NF 26 November 9024 Page 9 Oxford FArming Conftrert¢elTbe} Statement of Flnanclal Actfii'ltles for the l'ear Indtd 29 Februury 2024 2024 Total futid5 ?023 Total fund5 Unresiri¢ted fund Resiri¢ted rund Nol INCOMEAND ENI)OII'MENTS FRO￿[ Charitable artivities Conference 365.938 35.IM)O 41KI,9.38 413.895 In￿.¢￿tment income Total 13.517 37Y 4)5 13.517 414,455 11.302 425.257 J5.IM)O EXPENDITLIRE ON Chariiable aL*ivit1¥5 Confrrence 412.961 20.902 432.797 Other TotAI ?4.390 437.3)] 1,358 445,955 NLt gain￿{]￿￿¥￿) on invcstmcTrL% 34.316 8.8851 NET INCOMElffXPENDITURE) 23.580 12,740 (10,840) (29J83 RECONCILIATION OF FUNDS Toial funds brought fonvard 453.131 453,1.13 482.716 TOTAL FLINDS CARIUED FORWARD 419 f 51 1?_740 45A I_IR The notes foTh part of these financial statements Paee 10 Oxford FArming Conftrert¢elTbe} (Registered ￿Umber. 0200i012) BalaDee Shtei 29 Februxry 2024 2024 Total futid5 2023 Total fund5 Unresiri¢ted fund Resiri¢ted rund Nol FIXED ASSETS It]vesiment5 41_1.301 413.301 -178.985 CURREiYT ASSETS LILblJr% Investments Cash at bank 12 i5.61)0 55,t>gU 18£ 554 .863 329.107 72.443 22,057 164.155 258.6)5 316J67 12.740 C.REDITORS Amounts falling due within one year 14 13(Kl.1151 1300.1151 1184J07} NET CURRENT ASSETS TOT.4L ASSETS LESS CURREf*T LIABILITIES 4Tr9.553 12.740 453,133 NET ASSETS FLLYDS 4Tr9 553 12.740 453 133 15 Unie%iri¢ieJ fund Rests'icted funds TOT.AL FUNDS 429,553 453,133 453 133 ThL%L fJnanLièI %tatLmLMt% havL bcLn prLiTraTLQ itt accurddncL wilh thc pn)vi%iuns appliLdblL tu Lltsritablc LDmpthiLI NubjLLI to thL small companies ￿giMe. The financial siat¢menis were approved by ihe Board of Trusiees ond authorised for issue on 2$ November 2024 and were sigmed on il.% bLhalf by.. G Sansom¢- Tn￿te¢ The notes foTh part of these financial statements Paee I I Oxford FArming Conftrert¢elTbe} Note5 to the FID#nelal Statements for the Year Indtd 29 Februury 2024 ACCOUNTING POLICIES Basis of preporing the finonci#I ￿¥tements The finan¢ial staienienis of ihe Lhjritable company, which is a public ￿ller1[ eniity under FRS 102. have been prepared in accordaiice with the Ch￿Ill¢S SORP (FRS 10?) 'Accoulliing and Reporting by Charities= Siatement of Reconunended Praciice applicable to charilies preparing their ac£ount5 in 3rcoidJnce ￿'Ith the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS In21 leffe¥iike l January 0191.. Financial Reponing Siandard 102 'The Financial KLpuning Sldndaid applicabli In thL kLpublii ul Aiildnd. dnd thL L(}mP￿iL5 Act 2UUh. I'hL finanLJdl %lalLmLnl4 have been prepared under the hislorical cost coni"eniion. with the exception of inN'e5tments which are included at market value. as modified by the rei'aluation of certain assets. The Oxford Fannin.g C.onferellce meets the definilion of a public beuefit entity under FRS 102. The direc￿r$ have Considered the financial TequiTemethis ofthe comtrany and cortsider ihat il will be able io operdie within its agreed finance faciliiits for iht next l? monihs. The directors lherefo￿ consider il appropriate lo prepart Lhe accollnts on tht going concern Es95iS. lrtcorne All income is recognised in the Statement of Financial Activiiies when (he conditions for receipi have been mei and ihere is reasonable assurallie of receipt. Some don(Ks specifb the year of the ¢otLferen¢e that their donati()n should relate to. This is recog￿1>ed in the yedr that Ihe condition% are mei dnd caleoorised &5 deferred in¢ome unlil thi% lime. 1nvcSt￿cnl Inc￿￿¢ 15 inLludcd when rcccivablc. Investment gairn8 and losses are included revaluing investments to market value al the end of the year. The Tnain activity of the charity is that of running a conferenie. Swin50r5hip atKI Efdnt5 are receiied toward5 the njnning costb of ihe ionlerence, therefore thege are dis¢lose(l as pan ol-inioming 1¢sour¢es fmm uharitable a¢tiviiies in the Statement ot Finan¢ial Aciivities. Where gifts in kind hay¢ been r¢cei%ed Ihen S￿￿$0T$h1P in¢i>rne is re¢ognised wh¢re it is possible io reasonably estimare its value. The value of sertri¢es proKided by volunteeT5 has not been included. lthctsme frtsi￿ Patrons LS recognised when the agieement is signed. because the chdrily can lise the ineome li sees til over the period ot. their paironage. ExpEnditure Liabiliiic% are recognised as expeThliiure as swn as there is a kgal or consrrncliye obligaiion commiiting the Charity io thal expendiillre, li i) prubable iliai a transfer of eionoiJ)IL benefi[8 will be reqllired in seiilemeni and the amount of ihe obligdiion can be rneasured reliably. Expenditure is xcounLed for on an accrua15 basis and ha5 been classified under lieadings tjial ag¥Fregat¢ all ¢osts' related to the caie*ori. Il'here cann(A be directly attributed to partiuular headings they have been alloealed io ￿tivitieS on a i)asis consisieni with the us¢ of ro8ow¢es. Chorit&bltr activities incl￿1¢% all LXl*t% &K%(riared with runnitvd the annual L￿nference. Governance costs include those incurred in ihe governance of its assets and are associated with constiluiional and statLLtory requir¢Tnent5. Alkjcatlon apport1￿Ment of¢o$ts Support costs have betD alloiaitd between governance costs and finance costs. Governance costs comprise all costs involving the public ac¢ouniabilily ot'the iharit%' and its compliance wilh regulation and good praLtice. Finance costs include bank ¢har¥es aNI commission fe¢s on eredit card r¢ttipts. TAx&tio The chariiy is exempi from corporaiion rax on its chaniable adivilies. Page 12 continued... Oxford FArming Conftrert¢elTbe} Note5 to the FID#nelal Si%tements- eontlllued for the Year Indtd 29 Februury 2024 ACCOUNTING POLICIES- ¢oitinM Fund at¢ounti*g All unrestri¢ied funds are expendable ai the th"scretion of the directors in ihe fi￿h¢rance of Ihe objecllves of ihe charity. Such funds may bt held order to fund working capital and capitsi investmenL R¢stricied fun(ts are funds which are w be used in accordance with specific resiriciions imposed by ihe donor. There is a siThglL rL%lriLtcd fund, thi BursaTr VI0￿1￿MML Fund. whiLh providL% lunds" fur IhosL wurking in thc l￿d, farming dnd agricultural secior who otherwise would be unable to atttnd. Basic financTg1 instrurnents The chariiable iornpany only has financjal ￿setS and financial liabililies of a kind that qualify as basic financial instruments. Basic financial instruments. arc inilially rccogniscd ar iransaction valuc atKI subsequcntly nTrtrd%urcd at thLir %cttlLment value. Inveslments Ini'e.stments held a5 fixed arc staled ar Tnarket I71ue ai the balance sheet date. Realiscd and unreali5ed gyain5 and 105ses are Combined in ihe appropriaie s&rion of Ihe Sthiemenr of Financial Aaivilies. lttvesiments are held primaril!. to provide ai) iDvcstmLnt rclurn. Investments held as current assets are stated at cost aNI ate repteseAttrJ by cash held in the COIF De]x)sit Fund. IPJVESTMENT ILYCOME 2024 2023 Interest received Income from unit trust5 2.408 253 INCOME FROM CHARITABLE ACTII'"ITIES 2024 2023 AciiNity Conference Conference Conf¢i¢Tr¢e Conference Cont¢renc¢ Conference fees SponiDrship A¢Lommodation Catering and other income C'harirabl¢ granr in¢om¢ 169.165 185.120 654 169,342 234,44£ 108 4Q.OtM) 400 938 io.tN) 413 895 Inclu&d ￿ith1th iht sponsorship fjgure aFM)ve is E3-,0(X) (2023.. £Nil} of restricted Ir￿Me which relates io the Bursary Progranimc Fiijid. All otlTh inLomi rLLcivcd is unttstTiLtcd. Page 13 continued... Oxford FArming Conftrert¢elTbe} Note5 to the FID#nelal Si%tements- eontlllued for the Year Indtd 29 Februury 2024 CIL4RITABLE A￿1VITIEs COSTS Dirrtl note 51 Conference 433 $63 DIRECT COSTS OF CHARITABLE A￿lI"lTIEs 2024 2023 Tnsurartce Accommodation and calcring Speaker ¢o%L Conference organisiTrg and secretarial Swnboi3hip costs Council meetillg% and expens¢s Mtsrketin¥ Lnd publicity Equiptnent hire Indusiry research Bursaries and siholarships iosts 3,S74 143.582 2,923 67.7.fj0 23,(109 20,984 49.598 75.7!9 20,250 ?6,164 433 X63 5,356 169.545 2,999 67.688 19.847 28,821 41,152 67,593 12,6.15 17,161 432 797 £?0,9(J2 12023.. £Nill ot the costs atrmive relates lo expenditure on r¢srri¢ied a¢tiipiiies. Th¢ remaiiiing expenditur¢ is unrestricted. Conference organising and secretarial cost) of £67.750 1?0*3.. £(77.6881 represent rhe fee paid to Briti£h Cirowers Association for orgaiiising and rllnning the conlerence and for secTtLqrial su?pon proi ided 10 the direitors ihroughout the ytar. SUPPORT COSTS Govcrnancc costs Finance Totals other rewurces expended £1.358 12023= £Nil) of thc custs abovL rLlatcs- to expcndiiurc on rLqtrictcd dLtivitiL& Thc rctnaiiiin¥ cxpcnditurL i% unrestricted. Page 14 continued... Oxford FArming Conftrert¢elTbe} Note5 to the FID#nelal Si%tements- eontlllued for the Year Indtd 29 Februury 2024 NET INCO￿lE1(EXPENDITLRE) Nil InLutnLI{LxpLndJluiLI Ib SlJ)tcd aftlr chat81n￿(Creditl￿￿)= 2024 202_1 Audiiors, remuner41ion TRUSTEES, REMUP4ERATIOPI AIYD BENEFITS 2024 2023 Trustees, fe£s 3.000 The position of Treasurer is a pemjanent role and not subjeii to ihe usual ihrtt-year terni rnles applicable lo the Diher diicctur%. It dcLidLd in Ihc ycar thar the TrL￿life[ 5huuld paid dn honorarium tu rLtILcI the (ununitment inwolwLd the o￿n-ended term of the appointment. Consequethilv. a pavmeni of ￿,000 12023.. £Nill was paid to David Turner & Co Liinited for ser*i¥es provided b), Dal'id Turner lo th¢ CO￿panY. No oilier direciots were paid or compensated for their sernices in ihe year or previous year. Trustees expenses Duiing the LlirertQT5' expetLS¢% were paid. coirnng travel. sub%i.steDce accTrrnJtK)dation. lTrtalling £23,195 {?n23.. £23:2871. 11 {2023= 13} dire¢iors or fornier dire¢ioTS were Teimbuts¢d ￿ had payments m￿¢ direcily on their behalf during the year. During the year ihe Lompany paid an insu[￿Ce premium of £1.95712023.. £1.9441 to indemnify direciors and officers of the C1)mp￿nY againit liabiliry. The otliLers of the comtkiny M'¢re noi required to pay ftsr physical attendance at the conftrertLt. The valut io each otficer {in¢lusivc ot'VATI was approxim•tclY £49212013= £486). The ctimpany received Irorn the directors a Ivlal of £162 {2023.- £Nil) furlhe sale of branded clothing. STAFF NUMBEILS A.YD COSTS There were no employee% in ihe curreni or preceding vear. There were no employee costb oremployee benefiis. TAL4TIOPI The ¢onipanv is exeinpi Irom ¢orpx)ration tax under ihe pro%isi(>ns ot'Se¢iion 50511 M¢} of Ilie Income and Corporation Taxes Act 1988 011 the condiLlO(I that ils income is applicable to and applied for charitable putposes only. Page 15 continued... Oxford FArming Conftrert¢elTbe} Note5 to the FID#nelal Si%tements- eontlllued for the Year Indtd 29 Februury 2024 FIXED A&SET INI'ESTNIENTS Listed MARKET VALUE Ai l Nlarch ti023 Revaluations At ?9 FebruaTr 2024 ET B(X)K V.4LUE Al February 2024 At 28 Febnlary 2023 378,￿5 413,301 41.13(Jl There were no invcsttnenl assets outside the UK. The above Invest￿e￿I is held in a COIF Charilies Inveslment Fund. This illvestment 15 in equitie5 which are Iraded in quoted publiL iiiaiketS. The investments originalty cost £211.362 (?023= £21 l J6?). 12. DEBTORS: AMOUNTS FALLING DUE W'ITHIIY ONE YEAR 2024 2023 Trade debiors OthLI' dLbtor VAT 19,488 6,118 15.657 35,843 13. CURRE.YT ASSET INI'"ESTMENTS 21124 2023 COIF Dep￿11 Fund 185 554 Page 16 continued... Oxford FArming Conftrert¢elTbe} Note5 to the FID#nelal Si%tements- eontlllued for the Year Indtd 29 Februury 2024 14. CREDITORS: AMOUYTS FALLING DUE II'ITHI.% ONE IEAR 2024 2023 Trade crediiors Accruals and dcferred uiiorne 259,662 40,451 300 115 147.7.16 36.771 Accrual% and deferred in¥ome include% £ln,OtK) 12073- £25,IMIO} of spo￿%(￿r%hip ¥rant income received thi&1 rel￿te.% to conferences in forthcoming }'ears. J5. MOVEMENT IN FUNDS Net movement in funds At 29.2.24 At 1.3.21 UThre5tricted funds Gcncral fund 453.133 {2.1.5801 429,553 Restricted funds Bur>ary' Piogramme 12.740 12,74 TOTAL FUNDS 44_1.133 IUS401 Net movement in funds, illcliided in the above ate as follows: Incaming Re4ttyurces cxpcndcd Cpainq and MoveTntnt in full￿. Uiirestricted funds General lund 379.455 (437,3511 34.316 {23.58Ql Restricted funds Bllrsary Pr(Igramme 35,(MK> 122,2601 12,740 TOTAL FUNDS 414.4£5 4596111 -14.316 10 84(11 Comparatlves for mtsveme￿t In futtd$ Net movcnicnt In funds At 2S.2.23 At 1.3.22 Unrestricted funds Generdl lund 482.710 (29.5831 453.133 TOTAL FUNDS 482 716 451 113 Page 17 continued... Oxford FArming Conftrert¢elTbe} Note5 to the FID#nelal Si%tements- eontlllued for the Year Indtd 29 Februury 2024 15. mOvE￿IENT IN FUTrIDS- continued Compat8tivc tnovLmcnt In fund%, ItJLludcJ In thL 8bDVL arc ab follvws-. Incoming re50urc Rtsouries exttnded Gaills and los￿¢5 Movement in funds unre￿ncted funds Geiieral fund 4252£7 {445,9551 18.8851 (29.58.11 TOTAL FUNDS 4?5 Tl)ere is a single restricied fund. IlTe Bursary Pro(tranTme Fund: *hich proi.idts fund5 for those working the food, farming and agniulturdl sector ￿.110 Othen¥ise ￿OUld be unable to attend. A lully-fullded tliket to auend the conference is proviLkd as well as accomm(Mldtion and co%ts towards trdwel if reqllired_ J6. RELATED PARTY DISCLOSiIRES Proyision of serviLes by directors or companies thev are involi'ed in. received on the same ternis as they received by other 4upplitis. Please See TtuNlee Rernuneration and Benefir5 riote fordttail% ot paymenL% to director%. J7. FRC ETHICAL.STAND.4RD- PROVISION.S AVAILABLE FOR SMALL ENTITI&S In common with many other businesses of our size and naiure we use our audiiors io prepare and submit reiums ILI the lax aiitlioritie4 (when neLe%s2ryl and 8ts%181 with the prepapaiitsn of the findnLial %tsiement%. LIABILITY OF MEi¥IBERS The company, iyhich is 8 regisleral charity. is lirntted by guarantee and does not have sllare capital The maxtmum ￿t￿OUnt that each wnember rnay be called upon to C(￿tTIbUte IN £1. At :.8 Febniary 20?4 the cornpany liad ten membeT8, Ivho are the present directors of the CoMr￿nY. Paee 18 This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic forni, authentication and manner of delivery under section 1072 of the Companies Act 2006.