## **REPORT OF THE TRUSTEES** AND **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2022** FOR
## **KENTISH TOWN CITY FARM**
(A company limited by guarantee)
REGISTERED COMPANY NUMBER: 02020634 (England and Wales)
REGISTERED CHARITY NUMBER: 294797
**Kentish Town City Farm Contents**
|Trustees’ Report|2 6|
|---|---|
|Reference and Administrative Details|7|
|Independent Examiner’s Report|8 - 9|
|Statement of Financial Activities|10|
|Statement of Financial Position|11|
|Notes to the Financial Statements|12-22|
1
**Kentish Town City Farm Trustees’ Report for year ended 31 March 2022**
## **Trustees Responsibilities and legal context**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 to the UK and Republic of Ireland (effective 1[st] January 2015). The accounts have been prepared in accordance with the Companies Act 2006.
In preparing the financial statements, the trustees are required to:
- Select suitable accounting policies and apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed; and
- Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business
The trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the Charity.
## **About us**
Kentish Town City Farm (‘The Farm’) was founded in 1972 by the local community working together to reclaim unused land for agricultural and horticultural activities thereby creating a community asset to benefit local people.
Visionary and idealistic yet practical and effective, our founders formally constituted the charity and earned the honour of being the first ‘City Farm’. This was at a time of radical social change. Projects merging creativity, performance and play offered marginalised people space (physically and mentally) to share ideas and find solutions. KTCF has championed the UK urban farming and growing movement. This includes founding The Federation of City Farms now Social Farms and Gardens which is a UK wide organisation that represents over 2,000 farms, and community gardens.
As we celebrate our 50[th] year, our mission remains as important as it has ever been. We continue to address structural imbalances in our communities to ensure that the health benefits of connecting with nature are accessible to everyone. At its best the farm gives people place and purpose, bringing local people from all backgrounds together, giving to and gain from being part of the farm community.
## **Our objectives are**
- Social justice to ensure that everyone has equal access to the health, wellbeing, learning and economic benefits of interacting with nature and each other.
- Respecting and learning the value of the natural environment; and
- Giving young people the best possible start in life, enabling them to make positive lifestyle choices and to take advantage of training and work opportunities.
2
**Kentish Town City Farm, Trustees’ Report (Continued) For the year ended 31 March 2022**
## **Our community**
The Farm is in the Gospel Oak ward of the Borough of Camden. Gospel Oak is among the 5% most deprived areas in England, experiencing higher levels of income, health, safety, environmental, social and employment deprivation than other parts of Camden and the UK. Nearly 40% of children live in households experiencing poverty. Health and wellbeing needs include obesity in young people, with 26% of children leaving Primary School classified as obese. Two areas within the Ward are in the top 10% in England for the risk of loneliness in those aged 65+ and 19% of adults experience anxiety or depression. 21.9% of residents have disabilities or long-term health problems compared with 14% in the borough. There is a ten-year differential in life expectancy between residents of the richest and poorest wards in the borough.
## **This year**
Throughout the pandemic, we had strived to be as open and accessible as restrictions would allow. During the year, the remaining rules which had limited social interaction were gradually lifted, meaning that we could slowly revert to our pre pandemic offering.
It is clear across so many sectors of society, that the impact of covid will be felt for a long time. Anecdotal evidence suggests that it will be the less well-off members of society who are likely to feel the adverse effects of the pandemic most. This is something we will have at the forefront of our thinking as we develop programs for the coming years.
We reviewed our offer and focused on the key themes of mental health and environment and secured funding for projects that delivered on these. We secured grants from
- Young Camden Foundation to deliver a project to support young people’s mental health. This saw us partnering with The Brandon Centre to and Haverstock School; and
- North London Waste Authority for a Reuse and Recycle project.
While these are themes that are arguably embedded or inherent in a visit to the farm, the projects showed real opportunity to develop these as distinct areas that we will continue to establish over the coming months and years.
## **Site**
For several months, we had been aware of cracks and subsidence of affecting part of the horse arena. These had been reported to the landlord, Network Rail. As we approached Christmas 2021, the situation deteriorated significantly, resulting in Network Rail sending a team of engineers to stabilise the situation. This has turned into a major project with no fixed end date. Inevitably, this has meant that any equine related activity has been put on hold. Our two horses, Murphey and Jester have been moved offsite, but thanks to constant visits from our loyal staff, we know that they are well cared for and enjoying their time off.
Whilst it’s easy to be negative about the ongoing horse arena situation, there are some positives too; with the arena out of bounds, we can focus on other areas of the Farm. The gardens have been spectacular this year thanks to the fantastic work of our new gardener Susannah Hall and her team. We also made much greater use of the pond, clearing the surrounding area it and laying a decking around to make it more accessible. It was a bit hit during the summer months when it was literally full of tadpoles. Regular ‘pond dipping’ provided an enjoyable and educational experience for so many children (and volunteers).
The temporary closure of the arena also provides us with an opportunity to rethink how we can best tailor our horse program to the needs to the community once the area issues are resolved and
3
## **Kentish Town City Farm, Trustees’ Report (Continued) For the year ended 31 March 2022**
programs reinstated. We remain committed to our horses and the look forward to welcoming them back to the Farm.
We have also undertaken a full review of our lease and land management to mitigate against future risks. Working closely with Network Rail, we are developing a full site plan showing areas in need of improvement as well as a full maintenance checklist. This will include long term plans for maintaining and developing all land and buildings in the immediate, mid, and long term.
## **Summary overview of the year**
|APRIL|All community activities are back and we are included again in the Holiday
Activities offer funder byYoungCamden Foundation and John Lyons.|
|---|---|
|MAY|In response to increasing enquiries for young people at different stages of their
learningwe start to integrate workplacements back to support the team.|
|JUNE|Social Farms and Gardens run a series of visits which are inspiring. This fast track
Eira’s knowledge andgrows an instant network of local community gardens.|
|JULY|Building our local partnerships we host visits and tea parties for groups from
Elfreda Rathbone and Age UK, the Wellcome Trust come for a volunteering day
and 5 pupils from Haverstock School take part in the Heads Up Mental Health
project.|
|AUGUST|August is 4 weeks of Holiday Hub. Afternoon workshops are run by local partners
including Wood that Works and Urban Outdoors. It is both brilliant and
exhausting.|
|SEPTEMBER|In discussion with Aging Better Camden we pivot the project for older people and
cocreate newgrowingareas in Ashdown and Cressfield sheltered accommodation.|
|OCTOBER|The farm is selected for the UCL evaluation exchange, connecting us with 4
experienced researchers to developmethodologyfor light touch data collection.|
|NOVEMBER|We support local community events including providing soup for the Queens
Cresent consultation and takingthe donkeys to Castlehaven.|
|DECEMBER|It’s the Christmas Fayre with Murphey and Jester helping Santas arrival. The Big
Tree Takeawayvolunteer lead fundraiser is run for a secondyear raising£8500|
|JANUARY|On NYE *Disaster Strikes* the team report more movement in the land and we
escalate our concerns. Major incident leaves horse arena out of action.|
|FEBRUARY|We look to expand opportunities in other areas, focusing on the gardens and
investing in the pond area and front garden. We host student groups from Royal
VeterinaryCollege and London Met(architect students)|
|MARCH|Funded by the North London Waste Authority we host a series of Reuse and
Recycle workshops which remind us that the farm itself is incredibly resourceful
and sustainable,adaptingand reinventingin response to whatever is thrown at it.|
## **Partnerships and collaborations**
We are a London Borough of Camden strategic partner, delivering the Camden Plan and Vision2025, designed to improve health and wellbeing, reduce social disadvantage and community resilience. We are home to the North London Forest School and Tempo Tots and host regular sessions with the Camden Bereavement Service and the Camden Centre for Learning. The farm is visited regularly by local Primary Schools and by Corporate Volunteer groups.
4
**Kentish Town City Farm, Trustees’ Report (Continued) For the year ended 31 March 2022**
## **Donors**
We remain a Camden strategic partner with a commitment of £75K per annum until 2024. We received a £10K grant from Light bulb Foundation for Administrative Support, £9000 from the North London Waste Authority and £40K from the Mayors Grow Back Greener Fund that pays for our new Garden Educator role and the Nursery for the Neighbourhood Project.
## **FINANCIAL REVIEW**
## **Independent Examination of the Financial Statements**
The financial statements of charitable companies with a turnover between £90,000 and £1,000,000 can opt for an independent examination rather than an audit. As the Farm falls into this category, the Board of Trustees have opted for an independent examination for the Farm’s financial statements for the year ended 31 March 2022. We engaged Sayer Vincent as our accountants last year and they have undertaken an Independent Examination on our behalf. Subject to Members’ agreement at the AGM they will continue as our accountants for another year.
The farm secured £366,633 income and spent £318,300. This meant net incoming resources of £48,333. Our unrestricted funds at the end of the year were £209,551. We are pleased with the work that has been done to stabilise the finances. While the current position is strong we continue to work towards achieving long term sustainability.
## **Reserves policy**
The Farm’s policy is to maintain adequate free reserves equal to three months expenditure. Free reserves will allow the Farm to cope with unforeseen events, contingencies, and opportunities.
For the year ended 31 March 2022, expenditure was £318,300 and the balance of free Reserves was £209,551.
## **Future Plans**
Our priorities over the last year have been to enhance delivery on mission and improve financial sustainability. We have made good progress these areas, posting a solid reserves position, securing investment and in-kind support to tackle some of the long-standing structural issues. Successful project funding has allowed us to start developing key areas of work including an increased focus on environment and sustainability as well as improving the Farm buildings to provide visitors with a more enjoyable experience. An example of this is the redevelopment of the toilet blocks which will take place early in the new year.
The farm means so much to so many people. It remains a significant concern that external factors – increased need in our community and less money available to meet it – means there will always be challenges. However, the commitment and determination of the team, supported by a systematic approach to tackling issues from the roots up and increased focus on sustainability will mean a more stable future for the farm.
## **GOVERNANCE, STRUCTURE and MANAGEMENT**
## **Recruitment and appointment of new trustees**
The farm is governed by a board of Trustees. This is group of volunteers who are responsible for ensuring the charity is operating as it should, setting strategy and long-term planning. This includes making sure we deliver our public benefits (the reasons why we are a charity) and spending money on
5
## **Kentish Town City Farm, Trustees’ Report (Continued) For the year ended 31 March 2022**
the projects and activities it has been given for. Full details on how we are constituted are publicly available on the charity commission website.
Anyone interested in supporting the farm as a trustee should speak with current trustees or get an information pack by emailing info@ktcityfarm.org.uk. We have no current nominees.
## **Risk management**
The Board maintains and regularly reviews a Risk Register. This is a list of all the risks that the farm might face and the measures that are in place to minimize these. The staff team are responsible for upholding the policies and procedures that are in place.
**Angela Woods Chair of the Board of Trustees**
6
**Kentish Town City Farm Statement of Financial Position as at 31[st] March 2022**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
- **Status** The organisation is a charitable company limited by guarantee, incorporated on 16[th] May 1986 and registered as a charity on 30[th] July 1986.
- **Governing document** The organisation was established under a memorandum of association which established the objects and powers of the organisation and is governed under its articles of association.
- **Company number** 02020634 (England and Wales) **Charity number** 294797 **Registered office and** 1 Cressfield Close **operational address** Grafton Road London NW5 4BN
**Board of trustees** Angela Woods - Chair Genevieve Ogle David Walker Klara Saville William Abell Michael Chadney
**Principal Staff** Eira Gibson – Farm Director **Bankers** Lloyds Bank plc Hampstead Branch Rosslyn Hill London NW3 1NL **Independent** Sayer Vincent LLP **Examiner** Invicta House 108 – 114 Golden Lane London EC1Y 0TL
7
**Kentish Town City Farm Statement of Financial Position as at 31[st] March 2022**
## **Independent examiner’s report to the trustees of Kentish Town City Farm (‘the Company’)**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
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:
1. Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. The accounts do not accord with those records; or
3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities
8
**Kentish Town City Farm Statement of Financial Position as at 31[st] March 2022**
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.
Name: Jonathan Orchard FCA Institute of Chartered Accountants in England and Wales Address: Sayer Vincent LLP, Invicta House, 108-114 Golden Lane, London, EC1Y Date: 30 January 2023
9
**Kentish Town City Farm Statement of Financial Position as at 31[st] March 2022**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2022**
|**Unrestricted**
**Funds**
**Notes**
£
**Income and endownments from:**
Donations and legacies
**2**
58,906
Charitable activities
**3**
Farm Activities
111,542
Education
-
Sales and rent
20,270
**Total**
190,718
**Expenditure on:**
Charitable activities
**4**
Farm Activities
164,142
Governance
14,076
Fund raising
6,568
Education
10,359
**Total**
195,145
**Net Income / (Expenditure)**
(4,427)
**Reconciliation of funds**
**Total Fund brought forward**
213,978
**Total Fund carried forward**
209,551|**Unrestricted**
**Funds**
£|**Restricted**
**Funds**
£|**Capital**
**Restricted**
**Funds**
£|**31 March**
**2022**
**Total**
£|**31 March**
**2021**
**Total**
£|
|---|---|---|---|---|---|
|||-
155,215
20,700
-|-
-
-
-|58,906
266,757
20,700
20,270|98,671
222,950
35,391
3,389|
||190,718|175,915|-|366,633|360,401|
||164,142
14,076
6,568
10,359|83,638
-
-
20,700|18,817
-
-
-|266,597
14,076
6,568
31,059|234,555
13,210
13,603
42,891|
||195,145|104,338|18,817|318,300|304,259|
||(4,427)|71,577|(18,817)|48,333|56,142|
||213,978|19,016|591,188|824,182|768,040|
||209,551|90,593|572,371|872,515|824,182|
10
**Kentish Town City Farm Statement of Financial Position as at 31[st] March 2022**
## **BALANCE SHEET AT 31st MARCH 2022**
## **REGISTERED COMPANY NUMBER: 02020634**
|**Notes**
**Fixed Assets**
Tangible Assets
**10**
**Current Assets**
Debtors
**11**
Cash at Bank and in hand
**Creditors**
Amounts falling due within on
**12**
**Net Current Assets**
**Total Assets less current liabilities**
**Net Assets**
**Funds**
**Unrestricted funds**
**14**
General Fund
Designated Premises Fund
**Restricted funds**
Revenue Restricted Fund
Capital Funds|**31 March**
**2022**
£|**31 March**
**2021**
£|
|---|---|---|
||637,023
32,050
218,838|648,631
50,622
162,484|
||250,888
(15,396)|213,106
(37,555)|
||235,492
872,515|175,551
824,182|
||872,515|824,182|
||169,551
40,000|173,978
40,000|
||209,551
90,593
572,371|213,978
19,016
591,188|
||662,964|610,204|
||872,515|824,182|
## **Continues…**
11
## **Kentish Town City Farm Notes to the Accounts for the year ended 31[st] March 2022**
## **BALANCE SHEET·CONTINUED at 31 March 2022**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.
The financial statements were approved by the Board of Trustees on 20/12/2022 and were signed on its behalf by:
Angela Woods Trustee
12
## **Kentish Town City Farm Notes to the Accounts for the year ended 31[st] March 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 I January 2015)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those condition is wholly within the control of the charity and is probable that those conditions will be fulfilled in the reporting period.
Grants are recognised on a receivable basis.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Site improvements over 50 years; and
- Furniture and equipment over 5 years
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
13
**Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2022**
## **Fund accounting**
- Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees;
- Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for specific restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. This conclusion has been reached having regard for the financial impact on the charity of Covid-19.
At the reporting date, the trustees do not consider that there is sufficient uncertainty in any estimates made that would lead to a significant risk of causing a material adjustment to the amounts of assets and liabilities carried forward to the next reporting period.
## **2. DONATIONS AND LEGACIES**
|Donations
Gift Aid
**. INCOME FROM CHARITABLE ACTIVITIES**
Farm Activities
Education
Sales and Rent|**31 March**
**2022**
**31 March**
**2021**
£
£|
|---|---|
||51,780
92,976
7,126
5,695|
||58,906
98,671|
||**31 March**
**2022**
**31 March**
**2021**
£
£|
||266,757
222,950
20,700
35,391
20,270
3,389|
||307,727
261,730|
## **3. INCOME FROM CHARITABLE ACTIVITIES**
14
**Kentish Town City Farm**
## **Notes to the Accounts (Continued) for the year ended 31[st] March 2022**
## **3. INCOME FROM CHARITABLE ACTIVITIES - continued**
Grants received, included in the above, are as follows:
|London Borough of Camden
London Borough of Camden Section 106
City Bridge Trust
HMRC JRS
DCMS Youth Covid-19 Fund
Power to Change
Awards for All
Ageing Better in Camden
Groundwork
John Lyons
Camden Giving
Jack Petchy
NWLA
The Alan & Babbette Sainsbury Charitable Fund
The Julia and Hans Rausing Trus
The Lightbulb Trust
Young Camden Found. Heads Up Mental Health
Young Camden Found. Holiday Activity Fund
Other Income|**31 March**
**2022**
**31 March**
**2021**
£
£
75,000
75,000
29,182
-
20,700
51,750
25,158
48,841
-
31,632
-
21,000
-
10,000
6,560
7,500
20,000
-
4,000
-
-
2,500
850
500
4,928
-
12,750
-
30,768
-
10,000
-
8,817
-
7,360
-
798
-
256,871
248,723|
|---|---|
## **4. CHARITABLE ACTIVITIES COSTS**
|**4. CHARITABLE ACTIVITIES COSTS**|||
|---|---|---|
|Farm activities
Governance
Fund raising
Education|**Direct**
£|**Support**
**Total**
£
£
105,211
266,597
11,076
14,076
6,471
6,568
18,954
31,059
141,712
318,300|
||161,386
3,000
97
12,105||
||176,588||
15
## **Kentish Town City Farm**
## **Notes to the Accounts (Continued) for the year ended 31[st] March 2022**
## **4 (continued)**
Comparative charitable activities costs (2021)
|Farm activities
Governance
Fund raising
Education|**Direct**
£|**Support**
£|**Total**
£|
|---|---|---|---|
||138,006
3,000
7,688
25,534|96,549
10,210
5,915
17,357|234,555
13,210
13,603
42,891|
||174,228|130,031|304,259|
## **5. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|Depreciation - Owned assets
Independent examiners fees|£
£|
|---|---|
||19,931
19,555
3,000
3,000|
||22,931
22,555|
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).
Out of pocket expenses totalling £788.01 were reimbursed to one trustee during the year ending 31st March 2022 (2021 - no expenses were paid)
16
## **Kentish Town City Farm**
## **Notes to the Accounts (Continued) for the year ended 31[st] March 2022**
## **7. STAFF COSTS**
|Wages and Salaries
Pension costs|**31 March**
**2022**
**31 March**
**2021**
£
£
180,616
176,743
4,516
4,492
185,132
181,235
|
|---|---|
The average monthly number of employees during the year was as follows:
|Management
Charitable activities|**31 March**
**2022**
**31 March**
**2021**
2
1
10
10
12
11|
|---|---|
No employees received emoluments in excess of £60,000.
## **8. KEY PERSONNEL**
Key Personnel Management is the Chief Executive Officer whose remuneration is £40,000.
17
## **Kentish Town City Farm**
## **Notes to the Accounts (Continued) for the year ended 31[st] March 2022**
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR 31[st] March 2021**
|**9. COMPARATIVES FOR THE STATEMENT OF FINA**|**NCIAL ACTIVITIES FOR 31st Ma**|**rch 2021**||
|---|---|---|---|
||||**31 March**|
||**Unrestricted**|**Restricted**|**2021**|
||**Funds**|**Funds**|**Total**|
||£|£|£|
|**Income and endownments from:**||||
|Donations and legacies|98,671|-|98,671|
|Charitable activities|-|-|-|
|Farm Activities|204,950|18,000|222,950|
|Education|3,965|31,426|35,391|
|Sales and rent|3,389|-|3,389|
|**Total**|310,975|49,426|360,401|
|**Expenditure on:**||||
|Charitable activities||||
|Farm Activities|191,075|43,480|234,555|
|Governance|13,210|-|13,210|
|Fund raising|13,603|-|13,603|
|Education|11,465|31,426|42,891|
|**Total**|229,353|74,906|304,259|
|**Net Income / (Expenditure)**|81,622|(25,480)|56,142|
|**Reconciliation of funds**||||
|**Total Fund brought forward**|132,356|635,684|768,040|
|**Total Fund carried forward**|213,978|610,204|824,182|
18
## **Kentish Town City Farm**
## **Notes to the Accounts (Continued) for the year ended 31[st] March 2022**
## **10. TANGIBLE FIXED ASSETS**
|**10. TANGIBLE FIXED ASSETS**||||
|---|---|---|---|
|**COST**
As at 1st April 2021
Additions
Disposals
As at March 2022
**DEPRECIATION**
As at 1st April 2021
Charge for the year
Eliminated on disposals
As at March 2022
**NET BOOK VALUE**
As at March 2022
As at March 2021|**Plant and **
**Machinery**
£|**Fixtures and**
**Fittings**
£|**Total**
£|
||1,037,635
7,160
-|19,001
1,163
-|1,056,636
8,323
-|
||1,044,795|20,164|1,064,959|
||389,426
18,817
-|18,579
1,114
-|408,005
19,931
-
|
||408,243|19,693|427,936|
||636,552|471|637,023
|
||648,209|1,303
|649,512|
## **11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Prepayments and accrued income|**31 March**
**2022**
**31 March**
**2021**
£
£
7,650
2,250
24,400
48,372
32,050
50,622|
|---|---|
19
**Kentish Town City Farm**
## **Notes to the Accounts (Continued) for the year ended 31[st] March 2022**
## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Social security and other taxes
Accruals and deferred income
Accured expenses|**31 March**
**2022**
**31 March**
**2021**
£
£
6,923
11,517
2,248
3,188
-
16,250
6,225
6,600
15,396
37,555|
|---|---|
## **13. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Fixed assets
Current Assets
Current Liabilities|**Unrestricted**
**Funds**
£|**Restricted**
**Funds**
£|**Capital**
**Restricted**
**Funds**
£|**31 March**
**2022**
**31 March**
**2021**
**Total**
**Total**
£
£
637,023
648,631
250,888
213,106
(15,396)
(37,555)
872,515
824,182|
|---|---|---|---|---|
||64,652
160,295
(15,396)|-
90,593
-|572,371
-||
||209,551|90,593|572,371||
Restricted funds carried forward of £90,593 as of 31st March 2022 are made up of:
|Horse fund
Ageing Better in Camden
Autograph
Camden Town Brewery
The Childwick Trust
Grow Back Greener
The Lightbulb Trust
Jack Petchy Foundation
LBC Section 106|**31 March**
**2022**
**31 March**
**2021**
£
£
2,766
2,766
-
-
-
3,750
7,500
7,500
3,750
3,750
38,460
-
8,935
-
-
1,250
29,182
-
90,593
19,016|
|---|---|
20
**Kentish Town City Farm**
## **Notes to the Accounts (Continued) for the year ended 31[st] March 2022**
## **14. MOVEMENT IN FUNDS**
|**Unrestricted Funds**
General fund
**Restricted funds**
Restricted fund
Capital restricted fund|**1 April 2021**
**Net**
**31 March**
**2022**
**Total Movement**
**Total**
£
£
£
213,978
(4,427)
209,551
19,016
71,577
90,593
591,188
(18,817)
572,371
824,182
48,333
872,515|
|---|---|
|Net movement in funds, included in the above are as follows:
**Unrestricted Funds**
General fund
**Restricted funds**
Restricted fund
Capital restricted fund
Comparatives for movement in funds
**Unrestricted Funds**
General fund
**Restricted funds**
Restricted fund
Capital restricted fund|**Incoming**
**Resources**
£|**Resources**
**Expended**
£|**Movement**
**Funds**
£|
|---|---|---|---|
||190,718
175,915
-|(195,145)
(104,338)
(18,817)|(4,427)
71,577
(18,817)|
||366,633|(318,300)|48,333|
||**1 April 2020**
**Total**
£|**Net**
**Movement**
£|**31 March**
**2021**
**Total**
£|
||132,356
25,822
609,862|81,622
(6,806)
(18,674)|213,978
19,016
591,188|
||768,040|56,142|824,182|
21
## **Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2022**
Comparative net movement in funds. included in the above are as follows:
|**Unrestricted Funds**
General fund
**Restricted funds**
Restricted fund
Capital restricted fund
Capital fund is for the farm buildings|**Incoming**
**Resources**
**Movement**
**Resources**
**Expended**
**Funds**
£
£
£
310,975
(229,353)
81,622
49,426
(56,232)
(6,806)
-
(18,674)
(18,674)
360,401
(304,259)
56,142|
|---|---|
## **15. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022
22