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2024-03-31-accounts

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2024 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

Trustees’ Report 1-9
Reference and Administrative Details 10
Independent Examiner’s Report 11
Statement of Financial Activities 12
Statement of Financial Position 13
Notes to the Financial Statements 14-23

KENTISH TOWN CITY FARM

Trustees’ Report for the year ended 31 March 2024

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Kentish Town City Farm

Trustees’ Report for the year ended 31 March 2024

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 2024. 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:

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:

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KENTISH TOWN CITY FARM

Trustees’ Report for the year ended 31 March 2024

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

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 former Neighbourhood Strategic Partner of Camden Council for nearly seven years, and now a Community Partner for the next seven, the Farm has gained funding, advice, support, and networking opportunities. We also benefit from membership 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 more than 130 organisations engaged with the Farm - 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.

The We Make Camden, State of the Borough report (2023) presents the following snapshot of our borough:

Families, children and young people: Almost one in three children lives in poverty with 41% of pupils eligible for free school meals. Early Years provision costs over £8 per hour. Around 4,500 children and young people have a statement of special educational need or disability (SEND), an increase of 16% since 2018.

Income: Kentish Town, St Pancras and Haverstock wards fall within the top 10% of the country’s measure of unemployment and income deprivation. While food parcel distribution fell in London and the UK postpandemic to c.200, distribution in Camden continues at three times that level. Ten percent of households

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were in fuel poverty in 2020 and 80% say they have reduced their fuel consumption.

A sense of belonging: While 85% of older residents feel a strong sense of belonging, ethnic groups including Arab (50%), Chinese (40%), Pakistani (27%) and Caribbean (25%) groups felt less strongly. Self-reported loneliness (36.3%) is substantially higher than London (23.7%) or England (22.3%).

Health and wellbeing: Anxiety levels reported in Camden continued to rise post-pandemic, scoring 3.8 compared with falling scores of c.3 in London and the UK. The 7% share of mortality attributed to air pollution is the same as London though more than England (5%). More than a third of 10-11 year olds are obese.

Environment: Friends of the Earth has highlighted Camden as one of top 50 priority areas for further investment in green spaces as it has one of the highest numbers of green space-deprived neighbourhoods in the country. Although air pollution has decreased across the borough it is still higher than World Health Organisation guidance.

The pandemic highlighted inequalities between different groups, especially those from different neighbourhoods and with different ethnicities. Our inclusive approach includes seeking to understand and address this. 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. As one of Camden Council’s Community Partners and founded by local residents, the Farm aims to be a welcoming, inclusive community, meeting local needs through its learning, engagement and health and wellbeing offers.

Activities and achievements in 2023/24

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. Construction of a new retaining wall commenced, but we are still unable to offer any riding activities. The programme should recommence in 2025.

Our activities during the year were divided into 3 main categories: our Learning offer, our community engagement offer, and our health and wellbeing offer.

Our Learning Offer

- Schools Programme:

During the year, we welcomed 120 schools and nurseries to the Farm, supporting national curriculum learning outside the classroom. We also hosted the local Forest School to deliver gardening to 8 -10 nursery children twice weekly. School children enjoy their time on the Farm; for many, it is their first encounter with Farm animals, wildlife ponds and vegetable gardens. The visit to the Farm brings classroom learning to life:

‘Pupils were able to see what they have learned about habitats, where animals live, how they live, what they eat, etc. They were explained about their life cycle as well. It was a very fun experience and children enjoyed it. They were able and curious to ask questions during every animal visit. The session leader answered very patiently and gave them knowledge.’ KS2 teacher

‘Gave children an understanding of different animal facts. It piqued children’s interest to learn more about nature and will lead to future lessons on nature conservation.’ KS1 teacher

‘Lots of children had never seen an animal, e.g. hens, in real life before, so they now have firsthand experience of what feathers and fur looks like. KS1 teacher

We also have established relationships with several Special Educational Needs schools. Grove School, Haringey specialises in support for secondary age young people with autistic spectrum needs. Year 12 teacher DG is convinced that travelling to and from the Farm, the social lunch, working with Farm facilitators, gardening and caring for animals for half a term benefits pupils both

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on site and back at school. She’s seen their confidence improve, their independence and speed at completing tasks has increased and parents have a broader view of pupils’ development and achievement as a result. Grove School has weekly sessions on the Farm, and we will be expanding this offer to other SEN schools in the future.

This year also saw the continuation of weekly sessions with Heath School and Harmood School (formerly Camden Centre for Learning) bringing pupils with additional social, emotional and behavioural needs to enjoy the animals and connection with nature. The School brings small groups of three pupils to benefit from hands-on learning in animal care and gaining crucial ‘soft’ skills by interacting with Farm staff and seeing visitors.

‘Being on the Farm, you’re invited to join this community of lovely people and animals. It is extremely refreshing, especially when you need a break from the metropolitan lifestyle.’ Work experience student

Last year 57 young people chose the Farm for either their Year 9 work experience or as part of their higher education in animal care. In addition, we offer placements to trainee vets from the Royal Veterinary College. These placements offer excellent opportunities: friendly staff ensure that they take part in a variety of tasks; our gardens make the grounds more beautiful and interesting than a traditional rural farm; and the human interaction. Though dealing with animals’ owners is 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 at the Farm provides a more authentic experience. The Farm has had a long relationship with the prestigious Camden based Royal Veterinary College with students often visiting playschemes to inspire children to explore careers in animal welfare, increasing diversity within the veterinary profession.

The farm also provided volunteering opportunities for 11 Duke of Edinburgh award scheme students, providing opportunities to learn about animal welfare, horticulture and wildlife whilst accumulating their necessary volunteering hours. Participants also learned important life skills such as team working and commitment to tasks, whilst improving their self-confidence and making new social connections.

Gardens:

Responding to an increased appetite from Londoners to be closer to nature after the pandemic, our gardens continued to be an important aspect of our offer, providing a space to spread green skills and knowledge.

The Growing Club ran from July-September with 62 people attending. The garden was maintained by the group and produced a variety of food that was shared by volunteers and used for community meals. There was excellent feedback from volunteers including:

I get depressed and it made me come out of the house. It was very friendly and VH was a very good teacher.

I got to know some plants and it helped my mental wellness. I brought some seeds and cuttings home which made my flat here feel more like a home. I just moved here and am homesick often. Having a place to work outside and having a place where I can bring people plants and get other plants helped me to make me feel more at home. I liked to have some locals and some other migrants there. Also there were people of different ages there.

We build on our strong partnership with Permablitz London to host 4 permablitzes on the Farm. On 1 May and 10 June, volunteers joined to plant the garden up for the summer. Twenty

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Trustees’ Report for the year ended 31 March 2024

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four people attended and learnt about planting seeds, the permaculture polyculture design for the garden, different mulching methods and installing irrigation. On 15 July we held a permablitz with 38 people to install a sensory garden that was recreated from the garden at Hampton Court Flower Show. The garden, A Feast for the Senses was designed by Lauren Munton, Deborah Anderson and John Tolman. Their aim with the garden was to: ‘awaken the senses of sight and taste, featuring only edible plants planted in a river of colours’. They chose flowering plants for their culinary or medicinal benefits to humans and to provide nectar and pollen for insects. We planted the flowers throughout the community garden at Kentish Town City Farm. Lauren Munton used to bring her daughter to visit when she was young, so wanted the plants from the Hampton Court garden to be used to benefit the farm. Our final permablitz on 11 November was organised to prepare the garden for winter. We cleared the plants and mulched the soil. 16 people attended to help and learn about mulching and planting green manures.

We continued to work in partnership with other local organisations to transform spaces across Camden:

30 people attended a permablitz at Abbey Road Community Centre. The permablitz built high raised beds from recycled pallet collars suitable for people unable to bend to garden and prepared growing beds with green manures. The design and permablitz provided new growing areas for the community garden at the community centre.

20 people attended two permablitzes at Calthorpe Community Garden. The permablitz transformed the area at the front of the centre with new plants to screen the garden from the road and catch pollutants, provide food and habitat for pollinators and flowers to add colour to make the space more attractive. There was also an irrigation system installed to automatically water the area.

40 people attended two permablitzes at Wellesley Road Care Home to implement the permaculture design prepared by Sam and Claire for their Permaculture Design Certificate on the Growing Food and Community traineeship in 2022. The permablitzes added colour to the garden by painting the woodwork and planting lots of bulbs and colourful plants to create a sensory garden for the residents, particularly those with dementia and Alzheimer’s.

We also hosted 3 workshops (a permaculture evening, Growing Microgreens, and a pond workshop), held an open session to clear our wildlife pond, and brought our chickens to the London Permaculture Festival attended by 600 people.

Our community engagement offer

‘ The farm is truly inclusive and enables people to be themselves. There are a lot of people who are farm users who may be seen as different and be excluded elsewhere. This is one of the unspoken roles of the Farm. ’

Perhaps the most valued part of the Farm’s offer is year-round free access to a green space and animals. This year we welcomed more than 30,000 visitors - providing access to animals and green spaces and improving people’s wellbeing. 97% of respondents to our November 2023 survey said that the farm improves their wellbeing.

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Trustees’ Report for the year ended 31 March 2024

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Community Festivals:

More than 2700 visitors enjoyed our regular May Day and Christmas Fair celebrations, which bring residents together as both volunteers and visitors, as well as raising valuable money for the Farm. Highlights included animal handling, pond dipping, weaving demonstrations, arts and crafts, a BBQ and cake stall and Santa and his elves at Christmas.

We also joined 250 UK Farms to celebrate Open Farm Sunday and told visitors about LEAF (Linking the Environment and Farming) through animal encounters and pond dipping. We participated in Camden’s River of Hope Festival which linked community wellbeing spaces for refreshment of mind and body. We attended the London Permaculture Festival and London Harvest Festival while our donkeys were blessed at nearby St Martin’s Church’s Harvest Festival.

- Volunteering and Corporate team building days

This year more than 500 workers swapped normal office life for hands-on goat grooming, porcine tummy tickling and shovelling the smelly stuff. Along with these firsts, volunteers said they valued feeling part of a community by sharing a space which welcomed all ages and abilities; discovering community charities and feeling they’d helped the environment. They also valued the fresh air, new skills, getting close to animals and speaking with new colleagues to problem solve.

The Farm also welcomes individual volunteers to the Farm. Reflecting a national trend, the Farm’s supporters prefer one-off volunteering, working intensely for a specific project, in a wide range of roles including planning and delivering events. In addition to the 50+ volunteers who help at our community festivals, this year our volunteers ran a pop-up cafe in the revamped community gardens, serving tea and coffee to visitors. We also work with a small group of volunteers with neurodiverse needs who regularly help with animal care and Yard duties, our Helping Hands.

‘I love caring for all the animals on the Farm. . . I have definitely got better at all of it and feel a lot more confident. The Farm has also helped me with my social skills which is great as they don’t come naturally in some situations. The Farm has helped me in every way possible and is preparing me for the future.’ Farm volunteer

- Social Media

Our health and wellbeing offer

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Trustees’ Report for the year ended 31 March 2024

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mix of children enjoy making new friends, team work 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 work out 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.

Young Farmers

“It's good for children’s mental health to be outside working with animals. It’s great to see them enjoying themselves, connecting with animals on a Saturday morning” Child psychiatrist, parent visitor

‘I love it, working with the animals, making feeds, and generally being hands on. I definitely want to do something like this as a career.’ Young Farmer

Our Saturday and Sunday morning Young Farmer offer continues to be popular, with places regularly oversubscribed. Each weekend, on average ten 8-16 year olds each day get 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, the Young Farmers Club increases participants knowledge and understanding of animals, improves their self-confidence, and increases their social networks. Our young people also successfully took part in friendly competition of animal handling at the annual London Harvest Festival at Lambourne End Activity Centre and also enjoyed zip lining, bush craft, pony and cart rides and crossbow after the competition.

For most of the school year Pedro leads pottery drop-in sessions each Wednesday and sessions during our playschemes. He’s passionate about the benefits for all ages of developing creativity and hand-eye coordination to shape natural materials. Working clay, the very material on which the Farm sits, he believes connects participants to both a timeless history of craft and its more recent, local heritage. Around ten children and parents attend the drop-ins. Recently Ukrainian and Russian homeschooled children who would not otherwise have access to materials and social networks have become regulars. Sessions are more accessible, cheaper and less formal than a structured course. Pedro is keen to add other traditional country arts to the Farm’s offer believing they would link the Farm to one of its original objectives, sharing heritage skills and connecting children with a rural past.

Financial review and reserves policy

The financial statements for the 12 months ended 31 March 2024 show income of £318,927, expenditure of £331,715, and a deficit of £12,788 (2022 Surplus £28,480). Reserves on the balance sheet at 31 March 2024 are £888,207 (2023 £900,995). Of this, £534,575 are capital restricted funds and represent the fixed assets of the Farm, which are being amortized over a 50-year period (2023 £553,475). A further £102,680 are restricted funds (2023 £109,218), which must be used for specific purposes. The balance of £250,952 are unrestricted reserves (2023 £238,304). The trustees have designated £100,000 towards vital infrastructure/site maintenance, we expect that the cost of site improvements will exceed £100,000, additional costs will be met through fundraising efforts. The remaining £150,952 represent the free reserves of the Farm. This amount aligns with our reserves policy.

The trustees are satisfied with the results for the year and present the financial statements on a

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Trustees’ Report for the year ended 31 March 2024

going concern basis.

The trustees would like to thank our individual donors, corporate sponsors, trust funders and London Borough of Camden for their support throughout the year.

The Farm aims to achieve a level of unrestricted reserves equal to at least 3-6 months’ revenue expenditure to:

Plans for the future.

2023-24 was a year of transition for Kentish Town City Farm. The Farm Director moved on in May, with the staff team and trustees stepping up over the summer whilst a new CEO was recruited. The autumn brought a new CEO and development of a new strategic plan for Jan 2024- March 2027, outlined below. In addition, the Farm secured a seven year grant from London Borough of Camden as a Community Partner, from 2024-2031. Works to reinstate our Horse Arena, undertaken by Network Rail, are ongoing - and we anticipate the return of our horse programme in summer 2025. Below is a summary of our new strategic plan:

Our vision is to exemplify the power of City Farms to improve the lives of urban people by supporting people to care for the land, animals and each other. Bringing people together to care for, relax in and learn about the natural world has been the Farm’s mission for 50 years. Our values define how Kentish Town City Farm will work, internally with our staff and volunteers, with our Farm users and visitors and with our external stakeholders:

Our Priorities/focus areas - We will deliver our Mission through three key priority areas:

1. Connection with natural environment

We will provide a safe, welcoming space for people to connect with the natural world. A key focus will be to expand our volunteering offer. This will both allow a broader range of people to become more deeply engaged with the Farm, and also improve our visitor experience by offering more activities and

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Trustees’ Report for the year ended 31 March 2024

opportunities.

  1. Learning

We will provide a range of educational and learning opportunities. Alongside our strong programme for children and young people, we will grow as a community hub where people can learn about sustainability, biodiversity, heritage arts and crafts, gardening, cooking - and of course animal welfare through workshops and training opportunities.

  1. Health and Wellbeing

We will improve people's health and wellbeing through a range of activities offered both by ourselves and our partners. We will engage with our local community and partners regularly to ensure our offer remains relevant and meets emerging needs.

Angela Woods Chair of the Board of Trustees

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Kentish Town City Farm

For the year ended 31 March 2024

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 –Co-Chair Michael Chadney – Co-Chair William Abell Paul Wilcock Nikki Shack 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

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Kentish Town City Farm 31[st] March 2024

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 2024.

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:

  1. Accounting records were not kept in respect of the Company as required by section386 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 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

  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

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, 110 Golden Lane, London, EC1Y 0TG

Date: 12 December 2024

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Kentish Town City Farm 31[st] March 2024

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2024

Unrestricted
Funds
Notes
£
Income and endownments from:
Donations and
legacies
2
29,888
Charitable
activities
3
Farm Activities
190,702
Sales and rent
14,011
Total
234,601
Expenditure on:
Charitable
activities
4
Farm Activities
184,352
Governance
19,424
Fund raising
18,177
Education
-
Total
221,953
Net Income / (Expenditure)
12,648
Reconciliation of
funds
Total Fund brought forward
238,304
Total Fund carried forward
250,952		 Restricted
Funds
£
-
84,326
-
84,326
90,864
-
-
90,864
(6,538)
109,218
102,680		 Capital
Restricted
Funds
£
-
-
-
-
18,898
-
-
-
18,898
(18,898)
553,473
534,575		 31 March
2024
Total
£
29,888
275,028
14,011
318,927
294,114
19,424
18,177
-
331,715
(12,788)
900,995
888,207		 31 March
2023
Total
£
26,223
302,522
36,285
365,030
285,569
17,749
9,203
24,029
336,550
28,480
872,515
900,995

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Kentish Town City Farm 31[st] March 2024

Statement of Financial Position at 31st March 2024

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
2024
£
603,152
186,999
181,652
368,651
(83,596)
285,055
888,207
888,207
150,952
100,000
250,952
102,680
534,575
637,255
888,207		 31 March
2023
£
621,690
129,758
171,240
300,998
(21,693)
279,305
900,995
900,995
138,304
100,000
238,304
109,218
553,473
662,691
900,995

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Kentish Town City Farm Notes to the Accounts for the year ended 31[st] March 2024

Statement of Financial Position at 31st March 2024

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

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 and were signed on its behalf by: 13th December 2024

Angela Woods Trustee

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Kentish Town City Farm Notes to the Accounts for the year ended 31[st] March 2024

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. Grants covering multiple years are recognised in the reporting period in which the related expenditure is incurred.

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.

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.

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Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2024

Fund accounting

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		 31 March 2024
£
27,258
2,630
29,888		 31 March 2023
£
22,045
4,178
26,223

3. INCOME FROM CHARITABLE ACTIVITIES

Farm Activities
Sales and Rent		 31 March 2024
£
275,028
14,011
289,039		 31 March 2023
£
302,522
36,285
338,807

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Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2024

3. INCOME FROM CHARITABLE ACTIVITIES - continued
Grants received, included in the above, are as follows:
London Borough of Camden
Green Rewards
Social Farms and Gardens
Groundwork
John Lyons
Progress Foundation
Jack Petchy
NWLA
The Alan & Babbette Sainsbury Charitable Fund
Young Camden Found. Holiday Activity Fund
Vaccine Companion Project
Aldenham Club Trust
Kusama Trust
Our Space
4.CHARITABLE ACTIVITIES COSTS
Farm activities
Governance
Fund raising		 Direct
£
226,258
4,883
3,636
234,777		 31 March
2024
£
101,664
-
1,500
-
5,000
-
900
4,951
-
5,424
13,984
15,280
2,000
1,194
151,897
Support
£
67,856
14,541
14,541
96,938		 31 March
2023
£
101,000
700
750
20,000
4,000
23,927
900
-
12,750
5,568
-
-
-
-
169,595
Total
£
294,114
19,424
18,177
331,715

17

Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2024

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
2024
£
18,898
4.500		 31 March
2023
£
19,369
3,000

6. TRUSTEES' REMUNERATION AND BENEFITS

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).

Out of pocket expenses totalling £288 were reimbursed to one trustee during the year ending 31st March 2024 (2023 £21)

7. STAFF COSTS

Wages and Salaries
Pension costs		 31 March 2024
£
205,861
7,208
213,069		 31 March 2023
£
176,207
4,461
180,668

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

Management
Charitable activities		 31 March
2024
31 March
2023
2
2
10
10
12
12

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

19

Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2024

8 . KEY PERSONNEL

Key Personnel Management is the Farm Director whose remuneration is £50,000.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR 31[st] March 2023

Capital 31 March
Unrestricted Restricted Restricted 2023
Funds Funds Funds Total
Notes £ £ £ £
Income and endowments from:
Donations and legacies 26,223 - - 26,223
Charitable activities
Farm Activities 222,317 80,205 - 302,522
Education - - - -
Sales and rent 36,285 - - 36,285
Total 284,825 80,205 - 365,030
Expenditure on:
Charitable activities
Farm Activities 205,091 61,580 18,898 285,569
Governance 17,749 - - 17,749
Fund raising 9,203 - - 9,203
Education 24,029 - - 24,029
Total 256,072 61,580 18,898 336,550
Net Income / (Expenditure) 28,753 18,625 (18,898) 28,480
Reconciliation of funds
Total Fund brought forward 209,551 90,593 572,371 872,515
Total Fund carried forward 238,304 109,218 553,473 900,995

19

Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2024

10. TANGIBLE FIXED ASSETS

COST
As at 1st April 2023
Additions
Disposals
As at March 2024
DEPRECIATION
As at 1st April 2023
Charge for the year
Eliminated on disposals
As at March 2024
NET BOOK VALUE
As at March 2024
As at March 2023		 Site
Improvements
£
1,048,830
360
-
1,049,190
427,141
18,897
-
446,038
603,152
621,690		 Fixtures and
Fittings
£
20,164
-
-
20,164
20,164
-
-
20,164
-
-		 Total
£
1,068,994
360
-
1,069,354
447,305
18,897
-
466,202
603,152
621,690

11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Prepayments and accrued income		 31 March
2024
31 March
2023
£
£
15,595
7,645
171,404
122,113
186,999
129,758

20

Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2024

12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accruals and deferred income
Accrued expenses		 31 March
2024
31 March
2023
£
£
15,067
13,267
2,647
3,132
63,588
3,000
2,294
2,294
83,596
21,693

13 ANALYSIS OF NET ASSETS BETWEEN FUNDS

13 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
£
Fixed assets
68,577
Current Assets
265,971
Current Liabilities
(83,596)
250,952		 Capital
Restricted
Restricted
Funds
Funds
£
£		 31 March
31 March
2024
2023
Total
Total
£
£
-
534,575
102,680
-
-
-		 603,152
621,690
368,651
300,998
(83,596)
(21,693)
888,207
900,995
102,680
534,575

Restricted funds carried forward of £102,680 as of 31st March 2024 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		 £
£
20,766
20,766
3,750
3,750
7,500
7,500
-
-
-
-
24,787
24,787
23,950
27,960
21,927
23,927
-
528
102,680
109,218

21

Kentish Town City Farm Notes to the Accounts (Continued) for the year ended 31[st] March 2024

14 MOVEMENT IN FUNDS
Unrestricted Funds
General fund
Restricted funds
Restricted fund
Capital restricted fund		 1 April 2023
Net
31 March
2024
Total
Movement
Total
£
£
£
238,304
12,648
250,952
109,218
(6,538)
102,680
553,473
(18,898)
534,575
900,995
(12,788)
888,207

22

Kentish Town City Farm

Notes to the Accounts (Continued) for the year ended 31[st] March 2024

Comparatives for movement in funds

Comparatives for movement in funds
Unrestricted Funds
General fund
Restricted funds
Restricted fund
Capital restricted fund		 1 April 2022
Total
£
Net
Movement
£		 31 March

2023
Total
£
209,551
90,593
572,371
872,515 28,480
900,995

15 RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024

23