2023-03-31-accounts - Kentish Town City Farm Limited

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REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2023 FOR KENTISH TOWN CITY FARM LIMITED

(A company limited by guarantee)

REGISTERED COMPANY NUMBER: 02020634 (England and Wales)

REGISTERED CHARITY NUMBER: 294797

KENTISH TOWN CITY FARM

Trustees’ Report	1
Reference and Administrative Details	8
Independent Examiner’s Report	9
Statement of Financial Activities	10
Statement of Financial Position	11
Notes to the Financial Statements	13-21

KENTISH TOWN CITY FARM

Trustees’ Report for the year ended 31 March 2023

Kentish Town City Farm

Trustees’ Report for the year ended 31 March 2023

Trustees’ responsibilities

The trustees, who are also the directors of the charity for the purposes on the Companies Act 2006 present their report and the financial statements of the charity for the year ended 31 March 2023. 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 standard applicable to the UK and Republic of Ireland effective 1st 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 four of the Charities Act 2006 to have due regard to public benefits guidance published by the Commission in determining the activities undertaken by the charity.

About Kentish Town City Farm

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 to be used by and for the benefit of the local community. Our founders formally constituted the charity and earned the honour of being the first ‘City Farm’.

The 1970s was a time of social change; projects merging creativity, performance, and a sense of inclusion for people who would be otherwise marginalised by society, thrived. The Farm offered local people a place to come together to share ideas and find solutions to the challenges they faced in their lives.

The objectives of the Farm of the are set out in the Articles of Association, and are summarised below:

To promote the benefits of those living or working in the London Borough of Camden and elsewhere in London without distinction of sex, political, religious, or other opinions, by associating the local authorities and voluntary organisations and the community in a common effort to advance education and promote facilities in the interest of social welfare and for the recreation and for other leisure time occupation with the aim of improving the conditions of life for those said inhabitants.
To advanced education of the community, and particularly young members of the public at large, in agriculture, horticulture, home crafts, country, life and related subjects, and in the principles of self-discipline and good citizenship through their leisure time activities, so that they may develop their physical mental and spiritual capacities.
To promote within the community a sense of humanity and morality by educating them in care

KENTISH TOWN CITY FARM

Trustees’ Report for the year ended 31 March 2023

and consideration of all animals, particularly animals, in need of care and protection.

To provide education and training for persons who have need of such facilities by reason of their youth, age, infirmity or disablement, poverty, or social and economic circumstances.
To relieve physically or mentally handicapped or disabled or deprived inhabitants of the area by providing remedial, recreational, or therapeutic activities, including horse riding and other activities.

The original objectives of the Farm remain as relevant today as they did back in 1972.

Organisational relationships

The Farm’s area of benefit is both local and London-wide, so our work is balanced to meet both needs. To make a difference to local need we work with local community assets; individuals, groups, networks and organisations with shared values, knowledge, expertise, and resources. When we collaborate beyond Camden, we often strengthen relationships between organisations and bring finance into the local economy through grant funders, donations or earned income. The Farm’s largest local relationships continue to be with Camden Council and Network Rail.

As a Neighbourhood Strategic Partner of Camden Council for nearly seven years, the Farm has gained funding, advice, support, and networking opportunities. We also benefited this year from representation at the leadership level of the Camden Consortium of Community Centres (C4) and Social Farms and Gardens. This has enabled the Farm to both anticipate and feedback current trends and developments.

During the year we worked directly with over 100 organisations - small, large, public, private, third sector, local and national to benefit Londoners. Many of the collaborations mentioned above increase the capacity and sustainability of the organisations themselves including the RSPB which tells Farm visitors about its work. Social Farms and Gardens’ annual London Harvest Festival brought together 400 supporters, young people and staff from across London to exchange ideas, insights and resources which renew the movement and keep organisations responsive and sustainable.

Our community

Comprising of almost 22 square kilometres in the heart of London, Camden is a borough of diversity and contrasts business centres such as Holborn, Euston and Tottenham Court Road contrast with the exclusive residential districts in Hampstead and Highgate, thriving Belsize Park and the open spaces of Hampstead Heath, Parliament Hill, and Kenwood. The Borough also includes areas of relative deprivation, such as Gospel Oak.

Data from the 2021 Census provides the following snapshot of our borough:

Cultural diversity, 40.5% of the borough’s population are from Black, Asian, or other minority ethnic groups; a further 24.1% are non-British white residents. Camden’s largest communities with a distinctive cultural identity are the Bangladeshi, Indian, Chinese, Somali, and Arab cohorts.
Health and social care, Camden has a greater proportion of its population living with a disability or long-term condition than the compared to the London average (15.2% for Camden versus 13.2%

KENTISH TOWN CITY FARM

Trustees’ Report for the year ended 31 March 2023

London average). Camden also has a higher proportion of people in bad or very bad health than the London average (5.1% vs. 4.3%). The proportion of Camden’s population providing more than 20 hours of unpaid care a week is 3.4%

Personal wellbeing, based on the ONS National Wellbeing Survey in 2021, the residents of Camden expressed a lower score than the national average when asked if they considered what they did to

be ‘worthwhile’. In terms of ‘happiness’, people in Camden were less happy than both the national average and the London average. Based on the foregoing, it is not surprising to find that levels of anxiety in Camden were higher than both the national and London averages.

Social deprivation as gauged by looking at 4 dimensions; employment, education, health and disability, and housing shows that Camden has more households affected by deprivation that the London and national average.

This is the backdrop to the Farm’s activities. For some people in our community, the Farm provides a pleasant day out, for others, its role is much more important in terms of their social and mental welfare. In 2022/23, we continued with a broad and diverse range of activities.

Activities and achievements in 2022/23

Throughout the year the horse arena and surrounding area continued to be out of bounds because of the ongoing works to resolve the subsidence issue that had come to our attention at the end of 2021. This meant that we have been unable to offer any riding activities for almost 2 years. A working group including the Director, Co-Chairs and infrastructure consultant Paul Wilcock is working with Network Rail to ensure that it consults residents and puts in place a realistic timetable to enable the Horse Programme to recommence in 2024.

In running activities and programmes at the Farm, the focus is on the needs of the community. The cost-of-living crisis, climate change and the continued effects of the Covid pandemic have an impact on and shape the community.

Nursery for the Neighbourhood : In response to Members’ requests that our gardens become as much of an attraction as our animals and that the Farm spread skills beyond the gates, we joined 45 other charities in the Mayor of London’s Grow Back Greener programme. Based on an increased appetite from Londoners to be closer to nature after the pandemic, the funding aimed to improve community spaces throughout London by spreading green skills and knowledge.

By offering traineeships and collaborating with Permablitz London, green volunteers came together to transform seven Camden spaces including the Farm using the three principles of permaculture: “earth care, people care, fair share.”

For six months our Garden Educator taught 20 trainees a mix of theory and practice in the principles of permaculture design and skills. The trainees shared this learning by starting The Growing Club, sessions where residents aged 3 to 80 were encouraged to grow their own food from seed either at the Farm or on their windowsills, balconies, or gardens.

At both the Farm and on six community sites, the trainees had designed, they worked with local and Permablitz volunteers at successful launch events. Trainees gained the Permaculture Design Certificate to demonstrate their knowledge of community garden design and leading learning sessions for residents.

KENTISH TOWN CITY FARM

Trustees’ Report for the year ended 31 March 2023

Their work revitalised the Farm’s gardens, allowing us to produce high yields of vegetables and fruit producing shared meals both at the Farm and at Camden’s Queen’s Crescent Community Association, QCCA, and the London Community Kitchen, the award-winning charity which saves 50 tonnes of surplus food per year to feed 14,000 people.

The six community spaces included St Pancras and Abbey Community Centres.

“Your work transformed a bare courtyard into an oasis. Now we grow food for our lunches and cooking classes and deliver gardening, mindfulness, and meditation sessions thanks to our new space.” - Activities Coordinator, Abbey Community Centre

In addition to individual trainee’s work spreading the skills of permaculture within Camden and to their home boroughs, the project’s legacy includes the rejuvenation of garden volunteering at the Farm and the six sites. Another Permablitz event is planned to re-plant an RHS Hampton Court Festival show garden, designed by Camden resident Lauren Munton, at the Farm, creating more volunteering opportunities and visitor interest.

Schools Programme: We welcomed nearly 30 nurseries and primary schools supporting national curriculum learning outside the classroom. We hosted the local Forest School to deliver gardening to 8 -10 nursery children twice weekly and helped specialist schools deliver a wide range of skills to pupils with special educational needs and disabilities (SEND).

For over five years, Heath School and Harmood School (formerly Camden Centre for Learning) have brought pupils with additional social, emotional, and behavioural needs to enjoy the animals and connection with nature. This year they expanded their offer to support a vocational qualification in feeding and caring for animals which has seen successful pupils continue into volunteering or studying further in the area.

The school brings small groups of three pupils each term to benefit from hands-on learning and gaining crucial ‘soft’ skills by interacting with Farm staff and seeing visitors. While animal care remains the current focus, the principal explained that pupils have also been introduced to permaculture in the community garden, offering a potential new area of qualification.

Beyond Camden, the Farm has supported sessions for Grove School, Haringey. Specialising in support for secondary age young people with autistic spectrum needs, the year 12 leader is convinced that travelling to and from the Farm, the social lunch, working with the facilitators, gardening, and caring for animals for half a term benefits pupils both on site and back at school.

Placements: Last year over 20 young people chose the Farm for either their Year 9 work experience or as part of their higher education in animal care. The Farm has had a long relationship with the prestigious Camden based Royal Veterinary College and during the year the Farm welcomed several veterinary students to undertake 2-week placements to gain experience of ‘hands on’ animal care and to put into practice some of the theoretical aspects of their studies.

One of the RVC students summed up the Farm’s charm: a friendly staff ensured that students took part in a variety of tasks across the 2 weeks; the gardens made the grounds more beautiful and interesting than a traditional rural farm and the human interaction. She explained that though dealing with animals’ owners was a crucial part of being a vet, students normally had little experience of this, relying on a single module using actors role playing. Meeting staff and visitors provided a more authentic experience, she felt. She also thought that the focus on children at the Farm was important as this first interaction often sparked the idea of a career in animal welfare.

KENTISH TOWN CITY FARM

Trustees’ Report for the year ended 31 March 2023

Open access and community festivals: Perhaps the most valued part of the Farm’s offer is year- round free access to a green space and animals. This year our space was reduced when drainage caused the land by the railway line to slide onto the Horse Arena. The horses were dispatched to safer pastures off site and the learning, exercise, and volunteering opportunities which they supported were severely disrupted.

However, more space was developed by the garden project together with other habitats including the pond and wildflower areas and the entrance became more welcoming when it gained a raised bed, planted with pollinator-friendly plants.

“We had such a good time. There was so much going on!” - Visitor, May Day Festival

Over 900 visitors enjoyed our regular May Day and Apple Day celebrations, which bring residents together as both volunteers and visitors. May Day raised £3,000 and involved 45 volunteers including local ward councillors and parents from the American School in London, Alvarium and Camden Community Service together with the essential Andy and the Little Venice Band. Apple Day was supported by 40 volunteers and received a bumper crop of apples for juicing from West London community growers Cranford Park Friends.

We also joined 250 UK Farms to celebrate Open Farm Sunday, telling visitors about LEAF (Linking the Environment and Farming) through animal encounters and pond dipping. In July the Farm welcomed visitors to the Camden River of Hope Festival’s ‘treasure hunt’ organised by the nearby Caversham Group Practice which visited ten community wellbeing spaces for refreshment of mind and body. Festival season saw the Farm at local community events such as Give it a Go, Gospel Oak Community Fair, York Rise and the London Permaculture Festival while our donkeys were blessed at nearby St Martin’s Church’s Harvest Festival.

Hosting local support organisations: Throughout the year, the Farm hosted several local support organisations, including:

Likewise , a community charity and part of a Camden NHS core team which reflects the renewed NHS emphasis on prevention of ill health through promotion of social wellbeing. As part of the NHS integrated, social and preventive policy, charities like Likewise and the Farm can make a real difference to people’s wellbeing by offering access to green space, a feeling of belonging, learning, and keeping active, all aspects of the NHS Five Ways to Wellbeing programme. The Farm hosts a weekly drop-in coffee morning for anyone wanting a chat about mental wellbeing.

“It’s a real gem. The connection with animals, green space and community spirit lends itself to everything we’re trying to do.” - Community Development Officer, NHS Core Teams

Homestart , the family support charity, combined forces with Tempo Tots, and began working together. Children experienced stories, puppets, bubbles, singing and dancing and couldn’t wait to practice their skills while meeting our animals. The relationship deepened beyond the Farm. For the first time Homestart was able to offer strategies for use at home to enable families to support their children while awaiting a diagnosis of special educational need. The collaboration between Homestart and Temp Tots at the Farm led to a successful pilot of Homestart’s first funded neurological music therapy sessions.

“ There’s just a great energy at the Farm. We know it’s the right place for our families ” - Family Liaison Manager, Homestart

“ The pilot I did with Homestart is really well thought through. It fills a gap. Our link with the Farm made it happen.” - Music therapist, Tempo Tots

Health and wellbeing for young people : The Farm runs several activities which focus on the health and wellbeing of young people. These activities include:

KENTISH TOWN CITY FARM

Trustees’ Report for the year ended 31 March 2023

Young Farmers - with concerns about the effect of Covid school closures on young people’s mental wellbeing increasing, demand for our Saturday and Sunday morning Young Farmer offer rose dramatically, attendance for each session averaging ten. The 8–16-year-olds got close to small domestic animals and large farm animals, feeding, mucking out and generally caring for them.

While the emphasis in sessions is celebrating fun, informal learning rather than striving for formal achievement, young people also successfully took part in friendly competition of animal handling at the annual London Harvest Festival at Lambourne End Activity Centre. Several Year 8 pupils chose the Farm for their 3 monthly Duke of Edinburgh Bronze Award placement and Young Farmer alumna, Dr Megan Humphrys BVM Sci (Hons) MRCVS, graduated with first class honours from the University of Sussex in July.

Playschemes - The Easter and August playschemes, ensuring that regardless of circumstance, Camden children aged 8-16 can return to school refreshed with tales of new experiences and friendships made in their holidays. Together with half term activities, the Farm provides 24 weekly places for children to enjoy a different holiday adventure. The Programme has three aims: social development, informal learning and increased health and well-being. Over half attendees are eligible for free school meals and the diverse mix of children enjoy making new friends, teamwork and problem solving. Learning is via hands-on, meaningful tasks based on the Farm Day: feeding, turning out and mucking out animals in the morning and returning them to their base in the late afternoon. Holiday hunger is addressed through learning about the food cycle and nutrition with a hot lunch planned, prepared, and shared with staff. The physical activity provides a workout and afternoon gardening, games, craft, and animal encounters give attendees a chance to relax and pursue personal passions.

Parents tell us that they can continue to work whole days and throughout the long summer break confident that their children are having fun in a safe and trusted environment.

“It’s impossible to exaggerate the benefits of such a scheme. It’s extremely good value for money and as far as we’re concerned, perfect.” – Parent

Eco Audit

An eco-audit of the Farm was undertaken in 2018 and updated in October 2022. The auditors, 3 Acorns Eco-Audits, were pleased to report on several positive actions taken by the Farm, especially the impressive reduction in the amount of mains electricity consumed as a direct result of the installation of solar panels on some of the Farm buildings. There is still some way to go in some areas such as the volume on non-recycled waste, but overall, the Farm is heading in the right direction in terms of reducing its CO2 emissions and is well, placed to play a core role in encouraging the local community to engage with and understand ecologically sustainable food production.

Financial review and reserves policy

The financial statements for the 12 months ended 31 March 2023 show a surplus of £28,480 (2022 Surplus £48,333). Reserves at the balance sheet date are £900,995 (2022 £872,515) of which £238,304 are unrestricted (2022 £209,551), £109,218 (2022 £90,593) are restricted and the balance of £553,473 are capital restricted (2022 £572,371).

The trustees are satisfied with the results for the year and present the financial statements on a going concern basis.

The Farm aims to achieve a level of unrestricted reserves equal to 3 months’ revenue expenditure to:

KENTISH TOWN CITY FARM

Trustees’ Report for the year ended 31 March 2023

Meet contractual liabilities should the organisation have to close. This includes redundancy pay, amounts due to creditors and commitments under leases;
To meet unexpected costs like break down of essential office machinery, staff cover re illness, maternity leave, parental leave, and legal costs defending the charities interest;
To replace equipment as it wears out; and
Ensure that the charity can continue to provide a stable and quality service. Within this context to minimise recruitment, staff training, staff induction and marketing costs by avoiding the need for redundancies caused by financial crisis.

Plans for the future.

Having celebrated the Farm’s 50[th] anniversary in 2022 with so many of the Farm’s supporters we loom forward with confidence to the future. In the next year we will:

Recruit a new Chief Executive to focus on strategy;
Diversify our funding model with a focus on looking at ways increase self-generated revenue;
Encourage our staff to develop their skills and to obtain qualifications where appropriate;
Re-invigorate our Volunteers programme by developing deeper relationships with schools and businesses in the area;
Continue to build on our schedule of programmes and activities to meet the needs of the community; and
Monitor and evaluate the impact that the Farm has on its users.

Angela Woods Chair of the Board of Trustees

Kentish Town City Farm

For the year ended 31 March 2023

Status	The organisation is a charitable company limited by guarantee,
	incorporated on 16thMay 1986 and registered as a charity on 30thJuly
	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 –Co-Chair
	Michael Chadney – Co-Chair
	Genevieve Ogle (Resigned)
	David Walker (Resigned)
	Klara Saville (Resigned)
	William Abell
Bankers	Lloyds Bank plc
	Camden Town Branch
	140 Camden High St.
	London
	NW1 0NG
Independent	Sayer Vincent LLP
Examiner	Invicta House
	108 – 114 Golden Lane
	London
	EC1Y 0TL

Kentish Town City Farm Statement of Financial Position as at 31[st] March 2023

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 2023.

This report is made solely to the trustees as a body, in accordance with the Charities Act2011. 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:

Accounting records were not kept in respect of the Company as required by section386 of the 2006 Act; or
The accounts do not accord with those records; or
The accounts do not comply with the accounting requirements of section 396 of the2006 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
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

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: 22 December 2023

Kentish Town City Farm 31[st] March 2023

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2023

Unrestricted Funds £	Restricted Funds £	Capital Restricted Funds £	31 March 2023 Total £	31 March 2022 Total £
	- 80,205 - -	- - - -	26,223 302,522 - 36,285	58,906 266,757 20,700 20,270
284,825 205,091 17,749 9,203 24,029	80,205 61,580 - - -	- 18,898 - - -	365,030 285,569 17,749 9,203 24,029	366,633 266,597 14,076 6,568 31,059
256,072 28,753 209,551	61,580 18,625 90,593	18,898 (18,898) 572,371	336,550 28,480 872,515	318,300 48,333 824,182
238,304	109,218	553,473	900,995	872,515

Kentish Town City Farm 31[st] March 2023

Statement of Financial Position at 31st March 2023

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 one year 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 2023 £	31 March 2022 £
	621,690 129,758 171,240	637,023 32,050 218,838
	300,998 (21,693)	250,888 (15,396)
	279,305 900,995	235,492 872,515
	900,995	872,515
	138,304 100,000	169,551 40,000
	238,304 109,218 553,473	209,551 90,593 572,371
	662,691	662,964
	900,995	872,515

Kentish Town City Farm Notes to the Accounts for the year ended 31[st] March 2023

Statement of Financial Position at 31st March 2023

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 20/12/2024 and were signed on its behalf by:

Angela Woods Trustee

Kentish Town City Farm Notes to the Accounts for the year ended 31[st] March 2023

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.

Kentish Town City Farm

Notes to the Accounts (Continued) for the year ended 31[st] March 2023

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

EGACIES
Donations Gift Aid	31 March 2023 £	31 March 2022 £
	22,045 4,178	51,780 7,126
	26,223	58,906

3. INCOME FROM CHARITABLE ACTIVITIES

Farm Activities Education Sales and Rent	31 March 2023 £	31 March 2022 £
	302,522 - 36,285	266,757 20,700 20,270
	338,807	307,727

Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2023

3. INCOME FROM CHARITABLE ACTIVITIES - continued

ARITABLE ACTIVITIES - continued
uded in the above, are as follows: London Borough of Camden London Borough of Camden Section 106 City Bridge Trust HMRC JRS Green Rewards Social Farms and Gardens Awards for All Ageing Better in Camden Groundwork John Lyons Progress Foundation 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 2023 £	31 March 2022 £
	101,000 - - - 700 750 - - 20,000 4,000 23,927 900 - 12,750 - - - 5,568 -	75,000 29,182 20,700 25,158 - - - 6,560 20,000 4,000 - 850 4,928 12,750 30,768 10,000 8,817 7,360 798
	169,595	256,871

Grants received, included in the above, are as follows:

4. CHARITABLE ACTIVITIES COSTS

TIES COSTS
Farm activities Governance Fund raising Education	Direct £	Support £	Total £
	154,237 3,510 450 23	131,332 14,239 8,753 24,006	285,569 17,749 9,203 24,029
	158,220	178,330	336,550

Comparative charitable activities costs (2022)

Farm activities Governance Fund raising Education		Direct £ 161,386 3,000 97 12,105 176,588		Support £ 105,211 11,076 6,471 18,954 141,712	Total £
					266,597 14,076 6,568 31,059 318,300

Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2023

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

5. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting):
Depreciation - Owned assets Independent examiners fees -		31 March 2023 £ 19,369 3,000 22,369		31 March 2022 £
				19,931 3,000 22,931

6. TRUSTEES' REMUNERATION AND BENEFITS

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

Out of pocket expenses totalling £21.02 were reimbursed to one trustee during the year ending 31st March 2023 (2022 £788.01)

7. STAFF COSTS

Wages and Salaries Pension costs	31 March 2023 £	31 March 2022 £
	176,207 4,461	180,616 4,516
	180,668	185,132

The average monthly number of employees during the year was as follows:

Management Charitable activities	31 March 2023 31 March 2022
	2 1 10 10
	12 11

No employees received emoluments in excess of £60,000 .

8. KEY PERSONNEL

Key Personnel Management is the Farm Director whose remuneration is £40,000.

Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2023

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR 31[st] March 2022

Unrestricted Funds Restricted Funds £ £ Income and endowments from: Donations and legacies 58,906 Charitable activities Farm Activities 111,542 155,215 Education 20,700 Sales and rent 20,270 Total 190,718 175,915 Expenditure on: Charitable activities Farm Activities 164,142 102,455 Governance 14,076 - Fund raising 6,568 - Education 10,359 20,700 Total 195,145 123,155 Net Income / (Expenditure) (4,427) 52,760 Reconciliation of funds Total Fund brought forward 213,978 610,204 Total Fund carried forward 209,551 662,964		31 March 2022 Total £
		58,906 - 266,757 20,700 20,270
		366,633
		266,597 14,076 6,568 31,059
		318,300
		48,333
		824,182 872,515

Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2023

10. TANGIBLE FIXED ASSETS

Site Fixtures and Improvements Fittings £ £ COST As at 1st April 2022 1,048,830 20,164 Additions - Disposals - - As at March 2023 1,048,830 20,164 DEPRECIATION As at 1st April 2022 408,243 19,693 Charge for the year 18,898 471 Eliminated on disposals - - As at March 2023 427,141 20,164 NET BOOK VALUE As at March 2023 621,689 - As at March 2022 636,552 471	Site Fixtures and Improvements Fittings £ £ COST As at 1st April 2022 1,048,830 20,164 Additions - Disposals - - As at March 2023 1,048,830 20,164 DEPRECIATION As at 1st April 2022 408,243 19,693 Charge for the year 18,898 471 Eliminated on disposals - - As at March 2023 427,141 20,164 NET BOOK VALUE As at March 2023 621,689 - As at March 2022 636,552 471	Total £
1,048,830 -	20,164 - -	1,068,994 - -
1,048,830 408,243 18,898 -	20,164 19,693 471 -	1,068,994 427,936 19,369 -
427,141 621,689	20,164 -	447,305 621,689
636,552	471	637,023

11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors Prepayments and accrued income	31 March 2023 31 March 2022 £ £ 7,645 7,650 122,113 24,400 129,758 32,050

Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2023

12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors Social security and other taxes Accruals and deferred income Accrued expenses	31 March 2023 £ 31 March 2022 £
	13,267 6,923 3,132 2,248 3,000 - 2,294 6,225
	21,693 15,396

13 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets Current Assets Current Liabilities		Unrestricted Funds £	Restricted Funds £	Capital Restricted Funds £	31 March 2023 Total £	31 March 2022 Total £ 637,023 250,888 (15,396) 872,515
		68,217 191,780 (21,693)	- 109,218 -	553,473 - -	621,690 300,998 (21,693)
		238,304	109,218	553,473	900,995

Restricted funds carried forward of £109,218 as of 31st March 2023 are made up of:

Horse fund RDA Camden Town Brewery Grow Back Greener The Lightbulb Trust LBC Section 106 Infrastructure Works Progress Foundation Young Camden Foundation		£	£ 2,766 3,750 7,500 38,460 8,935 29,182 - - - 90,593
		20,766 3,750 7,500 - - 24,787 27,960 23,927 528
		109,218

Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2023

14 MOVEMENT IN FUNDS Unrestricted Funds General fund Restricted funds Restricted fund Capital restricted fund 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		1 April 2022 Total £	1 April 2022 Total £	Net Movement £ 28,753 19,625 (18,898)	Net Movement £ 28,753 19,625 (18,898)	31 March 2023 Total £ 238,304 109,218 553,473 900,995 Movement in Funds £ 28,753 18,625 (18,898) 28,480 31 March 2022 Total £ 209,551 90,593 572,371 872,515
		209,551 90,593 572,371
		872,515		28,480
		Incoming Resources £		Resources Expended £
		284,825 80,205 - 365,030 1 April 2021 Total £		(256,072) (61,580) (18,898)
				(336,550)
				Net Movement £
		213,978 19,016 591,188		- 4,427 - 71,577 (18,817)
		824,182		48,333

Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2023

Comparative net movement in funds. included in the above are as follows:

Unrestricted Funds General fund Restricted funds Restricted fund Capital restricted fund	Incoming Resources £	Resources Expended £	Movement i Funds £ 48,333 - 4,427 71,577 (18,817)
	190,718 175,915 -	(318,300) (195,145) (104,338) (18,817)
	366,633

Capital fund is for the farm buildings

15 RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023