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2023-03-31-accounts

Company no. 02114442 Charity no. 297091

St. Werburghs City Farm Report and Unaudited Financial Statements

31 March 2023

St. Werburghs City Farm

Reference and administrative details

For the year ended 31 March 2023

Company number 02114442
Charity number 297091
Registered office and Watercress Road
operational address St. Werburghs
Bristol
BS2 9YJ
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
Jacqueline Barker Chair
Jonathan Brockwell
Joseph Hughes
Mutale Katyoka appointed 26 September 2022
Fiona McDonald appointed 19 November 2022
Ben Harris resigned 23 May 2022
Ash Meakins resigned 26 September 2022
Maurice McCartney resigned 23 May 2022
Lisa Pascoe
Laura Tyley
Key staff A Ausra Sites Operational Manager
A Bowsher Conservation and Volunteer Manager
C Briseid Propagation Place Manager / Marketing,
Comms and Events Operational Manager
J Clynewood Director (Job Share)
J Howard Coles Director (Job Share from 20 March 2023)
L Emerson Child & Youth Manager (Job Share)
S Flint Supported Farming and Green Care Manager
R Fry Child & Youth Manager (Job Share)
K Halford Director (Job Share resigned 10 March 2023)
A Lee Propagation Place Manager
D Lindo-Jones Finance Manager (from 26 September 2022)
B Lambert Estates and Livestock Manager
F McDonald Office Manager (resigned 4 November 2022)
I Patrick Services Operational Manager
Bankers HSBC Bank PLC Ecology Building Society
27 Gloucester Road North 7 Belton Road
Filton Silsden, Keighley
Bristol West Yorkshire
BS7 0SQ BD20 0EE

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St. Werburghs City Farm

Reference and administrative details

For the year ended 31 March 2023
Investment managers Epworth Investment Management Limited
9 Bonhill Street
London
EC2A 4PE
Insurers Hiscox Insurance
c/o Arthur J Gallagher (UK) Limited
Spectrum Building
7th Floor
55 Blythswood Street
Glasgow
G2 7AT
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Who we are

St Werburghs City Farm is an inner-city community hub for land-based opportunities. Situated 1.5 miles from Bristol city-centre, we manage more than 18 acres of green space including a 2-acre small holding, a 1-acre community garden, a 2.5-acre conservation site and 13 acres of community allotments. We understand the importance that green space has for our collective health and wellbeing, which is why all our work is based on strengthening the connections between land, animals and people. We know that enjoyment of green space, access to local food and opportunities in the agricultural sector are not equal, and we are committed to addressing this imbalance in our work. We appreciate that everyone has skills, experience and assets to share, which is why we base our approach on co-design and delivery, with and for our community. We also recognise that inequalities exist in our community and our city, which is why target our work at those experiencing mental ill-health, disadvantage and/or marginalisation.

We are working to create a future where communities grow, green spaces flourish, and together we thrive.

Using diverse urban green spaces, we offer community services that aim to:

Strengthen connections between land, animals and people by:

Be a beacon for small-scale urban farming and community food growing by:

Make space to share experience and collaborate by:

Nourish communities by sharing local, seasonal food together by:

Respond to emerging environmental and social needs within our community by:

Our services, which change depending on the needs of our community, include: supported training placements for adults with learning difficulties, alternative curriculum placements for young people struggling in mainstream education, nature connection sessions for adults experiencing mental-ill health, woodland play for children experiencing anxiety, propagation sessions in our social enterprise, and partnership sessions to increase engagement of communities underrepresented in our services, agriculture and/or outdoor engagement.

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

With more than 3,500 service users, 15,000 people enjoying our events/facilities and more than 40,000 local visitors passing through the gates each year, we are a vital community hub, accessible to all.

Organisational Values

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Overview of the year from the Chair of the Board of Trustees

For the Farm, 2022-23 was a year of celebration, caring and challenge in equal measure.

Celebration

This year we re-launched some of our much-loved community celebrations and events including Apple Day and the Winter Fair. Sophie Bostock and the Outlandish Folks Nights returned for a Spring and Autumn series of outdoor live music at dusk. We hosted 6 beautiful and unique woodland weddings in our 2.5 acre conservation site. We also offered Boiling Wells for a number of community celebrations including Houria’s Women’s Elder Feasts, our residential camp for young people and other partner activities. I cannot tell you how great it was to see both Boiling Wells and the Farm brimming with diverse smiling faces, with the hubbub of conversation and beautiful music, the smell of mulled drinks wafting over and the warmth of the sunshine cutting through the trees. We are thrilled to say that more events are on the horizon for 2023 – which looks set to include the return of our Farm Fair, albeit on a slightly smaller scale, and in the autumn!

Caring

As so many voluntary sector organisations will recognise, the people that we work with and for have had a tough few years. People who experience inequality, disadvantage or marginalisation have been hardest hit by the effects of the pandemic and the cost-of-living crisis. Over the past 12 months, our team has continued to engage, nurture and uplift the people accessing our services, supporting them to identify and build on the skills, assets, energy and passion they have. Staff and volunteers have worked together to maintain and develop our green spaces and to keep them open to everyone.

Some of the following quotes highlight the impact these activities have had:

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Like most of the community, the cost-of-living crisis means that our utility bills have more than doubled, the cost of services and products has shot up and the need to pay our experienced and skilled staff a fair wage to live in the city is a priority. The complexity of the challenges faced by people accessing our services has significantly increased. To ensure that every activity we run has safe and appropriate levels of staffing, we need to secure more income. With rising competition for trust and foundation grants, loss of income during Covid-19, and after more than 12 years of austerity, the Farm is facing a significant financial challenge. We launched a Crowdfunder back in October to help raise £40,000 to run our services over the winter period. With the support of our incredible community and some key partners, we hit the target and more. However, the financial challenge of running our services has not gone away. As such, we are looking at diversifying our income streams over the next few years and reshaping how we run some of our services.

Over the year, we said goodbye to a few long-serving and downright brilliant staff members and trustees, including Fiona McDonald, Ash Meakins, Bex Ashton, Joci Racz, Siwan Clark, Ben Harris and Jen Witts. We also worked with several work placements, interns and students who aced their responsibilities and brought so much enthusiasm and energy. Thank you, from the bottom of our hearts.

After 12 wonderful years, we are saying goodbye to Kari Halford, our Director who has skilfully and compassionately led the Farm through the rollercoaster of the past decade. Under her guidance, the Farm has grown and matured, adding the Connection Centre, taking on the allotments, launching Propagation Place, and taking our first steps on our journey through the Equity Project and Community Advocacy Project. Unfailingly putting the needs of our community and staff team first, she has been a much-loved and respected Director. As she leaves, we welcome Jenny Howard Coles as our new Co-director, who brings with her a wealth of experience. As she settles in, we look forward with excitement to what 2023 will bring.

Lastly, as a charity we rely on the support of our donors and funders. Every donation we receive enables us to offer targeted activities for those most in need and to maintain our green spaces for people and wildlife. Thank you to everyone that has put a donation into the collection bin on the Farm, everyone who has touched our new tap to donate machines and all those who give monthly (www.localgiving.org/charity/swcityfarm/).

We are so grateful!

Thank you

Jackie Barker

Jackie Barker, Chair of the Board of Trustees

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Our Impact 2022-23

St Werburghs City Farm inspires and educates communities. We engage over 60,000 people each year and deliver carefully designed programmes that build skills and knowledge and increase wellbeing and self-esteem.

Over the past year, the Farm has engaged 6,421 target beneficiaries, 4,777 in-direct beneficiaries and 60,000 visitors/customers as follows:

Project Target
Beneficiaries		 Impact areas Secondary beneficiaries
Supported
Farming
and Green
Care		 25 participants • Offering educational
opportunities to gather skills and
experiences; and
•Maintaining and sharing
accessible green spaces.
• Exploring the therapeutic
benefits of animals, plants, and
green spaces;		 50 indirect beneficiaries as
family members (1:2)
1,000 customers eating local
food grown by Target
beneficiaries
Propagation
Place		 20 Volunteers
2,000 customers
buying plug plants		 • Supporting local food networks
through growing seasonal plants
and produce;
• Providing practical
opportunities in food growing,
animal care, and conservation;
• Maintaining and sharing
accessible green spaces.		 40 indirect beneficiaries as
family members (1:2)
Child &
Youth		 485 participants • Bringing people together to
grow, cook, and feast.
• Offering educational
opportunities to gather skills and
experiences; and
• Exploring the therapeutic
benefits of animals, plants, and
green spaces;		 1,940 indirect beneficiaries
as family members and other
students (1:4)
Volunteer &
Wellbeing		 86 participants • Providing practical
opportunities in food growing,
animal care, and conservation;
• Exploring the therapeutic
benefits of animals, plants, and
green spaces.		 All beneficiaries/visitors using
our
sites
which
are
maintained and cared for by
our volunteers
172 indirect beneficiaries as
family members (1:2)

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Community
and
Inclusion		 3,280 event
attendees
525 direct
beneficiaries		 • Co-creating opportunities to
share skills and experiences;
• Working in partnerships that lift
our communities up; and
• Providing inclusive access to
our sites, resources, and
services;
• Celebrating communities
through seasonal events and
activities.		 1,575 residents connected to
each
other
and
other
services (1:3)
Livestock
Project		 60,000 visitors to
the Farm &
playground per
year		 • Telling the story of where food
comes from;
•
Aiming
for
the
highest
standards of ethical farming
•
Providing
practical
opportunities in food growing,
animal care, and conservation.
Total Total 66,421 direct beneficiaries, and
4,777 indirect beneficiaries (as family members and other students)
60,000 customers and visitors benefiting from the activities of our target beneficiaries

Supported Farming and Green Care Impact

Overview of Service

The Supported Farming and Green Care Project (SF&GC) offers accessible horticulture and assisted animal therapy placements for adults with learning disabilities and mobility impairments. We support up to 30 adults per year, through sessions held 5 days a week for groups of up to 6 adults (and support workers). During our horticultural sessions, participants learn how to grow and harvest vegetables, propagate seedlings, and tend to our greenhouses and raised beds. On our animal assisted therapy days, participants look after the animals, taking time to relax and connect with them, and at the same time helping to clean out their housing and care for their needs. Covid-19 dramatically changed the way we deliver our services due to the health vulnerabilities and anxiety levels of many of our participants. Working in the garden and with animals has a measurable beneficial effect on wellbeing: increasing confidence and lessening anxiety levels. Staff have noticed that many members of the group have re-gained their independence and social skills.

Impact highlights from 2022-2023

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Participant story

O is a local 20-year-old . He has a diagnosis of developmental delay, learning difficulties and epilepsy. His seizures can greatly affect his life and he comes to us with a support worker, who is there specifically to manage any seizures. O joined us in 2021, struggling to manage his emotions and experiencing sensory overload. He often complained of fatigue, and it was not always easy to engage him in tasks for the whole session. His physical fitness was low, and he preferred not to work with more than one person. He seemed to lack confidence and was reliant on his support worker for encouragement and to make decisions for him. Six months later, O is a confident and motivated young man. He mixes well with the whole group and enjoys the parts of the day when they can be sociable together. He enjoys telling a joke with everyone and is happy to work with any sized group. His physical fitness levels are much improved and he is less reliant on

‘’I feel happy after the Farm session. I’ve worked hard and been helpful to everyone.’’

Propagation Place

Overview of Service

Operating within 13 acres of allotments, Propagation Place is in its seventh year as a pioneering community business project run by SWCF. We grow and deliver approximately 100,000 ready-toplant vegetable seedlings per year locally and nationally from our accessible poly-tunnel and community growing space, through on-site sales and an eCommerce website. Our aim is to facilitate home-grown food for customers across the UK by removing the necessity of propagation expertise and indoor growing space. Customers can also engage in informal education through our online and practical beginner’s gardening course, monthly recipes, online growing information, monthly blog, personal customer communications and via social media. Alongside traditional grant funding, our plug plant sales help fund our charitable work to deliver systemic change in the accessibility of Horticultural education. We deliver both formally accredited and informal education courses concurrently with year-round accessible volunteering and public workshop programmes. These provisions are valuable access points for NEET young people to learn skills and gain confidence, often before entering employment for the first time.

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

In response to systematic inequality in the horticulture and food growing industries and based on the evidence of lack of diverse representation, we feel it is vital to create new career pathways into horticulture/food growing for young people living in the inner-city. In 2021 we launched an apprenticeship that is specifically appealing to young people who are interested in a career in our industry, which aims to encourage passion, individuality, motivation, and dedication. Our Level 2 diploma in Horticulture is a 2-year accredited apprenticeship in partnership with Wiltshire College and includes weekly work placements with Bristol Food Producers. It not only provides a unique entry point to employment through a fantastic variety of real-world work placements and immersion in our business and community, but also empowers a new generation to join the UK’s least diverse employment sector with confidence. We also hosted two 6-month cohorts through the Government Kickstart scheme in 2021 and 2022 and employ up to 3 interns a year in partnership with the University of the West of England. Our apprenticeship and traineeships are designed to support and encourage young people who may be marginalised into sustainable and meaningful and long-term representation within the Food, Farming, Horticulture and Environmental sectors.

Impact highlights from 2022-23

Service Impact

To the question, "Do you feel that volunteering at PP contributes to your overall happiness, health and wellbeing? If so, could you give us a little detail?", Volunteers answered:

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Child and Youth

Overview of service

Our Child and Youth Project offers a range of curriculum-linked educational sessions, alternative curriculum placements and outdoor play and learning activities. All our activities seek to build young people’s interest in the natural world, foster greater resilience and self-esteem, and increase their capability for education and personal development. The activities include:

Impact highlights from 2022-23

Participant story

Y is a young man with ASC, ADHD, dyslexia and PDA which are all becoming more complex with the onset of puberty and the anxiety of moving schools. In the referral form Y’s mum said: ‘Since moving from Germany 6 months ago we have had little support and a lot of anxiety. Professionals are worried about the safety of the younger siblings due to the violence of Y’s melt downs. He has been bullied at school and developed anxiety about people seeing him as different. He is socially excluded from school and at risk of being excluded.’ At Tribe Camp, Y came across as very confident from the start, but it become apparent that this masked his insecurities.

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

He developed an attachment to one of the other young people and they had a very intense and tumultuous relationship, the happiness of which had a big impact on the group. Throughout the week he was able to reflect more deeply on his relationship patterns with others and accepted that while it wouldn’t be a good idea to stay in touch with this new friend, he said it had given him a huge amount of happiness knowing that people still want to be friends with him. After camp, Y started coming to weekly Youth Club sessions. Y’s mum said ‘He came back very open and encouraged and had started a journey in processing some of the bad from the last year, starting to move on. He felt understood and valued. He loved being able to initiate activities and (said) that the adults listened to him and gave him room to explore his ideas.’

Volunteer and Wellbeing

Overview of Service

The Volunteer & Wellbeing programme engages and supports adults (18+) in a variety of land management, conservation, gardening cooking and health and wellbeing activities. The project targets activities at people experiencing disadvantage, including people with mental ill health (anxiety and depression), those who identify as isolated or lonely, people with learning and physical disabilities, and those that are in recovery etc. During 2022-23 over 80% of beneficiaries identified as being affected by mental ill health or drug/alcohol use issues. Many people attend the sessions to develop a sense of community and many friendships have been forged. People often take the skills they have learnt during the sessions, such as making wood storage and composting bays - and use them in other settings.

Impact highlights from 2022-23

Participant story

M joined the landscaping sessions in late 2022, having been referred to our services through his GP due to suffering with very high anxiety. When he first joined he described how “I used to have a smallholding so thought I would be useful at St Werburghs City Farm as I have a lot of knowledge”. However, he was worried about being patronised, belittled and made to feel useless. But on his first session M found that the staff and other participants welcomed him so fully that he could relax. His anxiety would build again as it came towards the end of each session, as he knew he would be returning home to be alone again. But he found the session “a huge respite from my worries, and a time where I can forget about those issues”. When discussing about signposting to other services, M talked about never trying new things before, but the Farm has opened new doorways and he is happy to try new things that we suggest, as he trusts us.

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Quotes from other beneficiaries

“Thanks for making me feel better on Wednesday, I haven't been able to escape my head the past few weeks.”

“It’s been a joy to be part of the Wednesday volunteer team. Thank you for being there, for listening, for being innovative, for teaching me new skills, and being so generous with your time.”

“As a bored disabled woman, I’m so glad I found St Werburghs. I love the garden and everyone! Thank you for being there.”

“Thank you so much for being lovely and kind and for being so patient with me. I will never forget you”.

“You made me feel less alone and you never made me feel stupid for finding things hard. Thank you”.

Community and Inclusion

Overview of Service

Following recommendations from our Equity Project (2020) and our Advocacy Project (2021), we have sought to create a Partnership Programme that builds opportunities for fledgling community groups to work in partnership with the Farm, encouraging the removal of barriers to participation and increasing engagement of people currently underrepresented in our services. Our Vision is a future where communities grow, green spaces flourish, and together we thrive . We believe that we can have a greater impact by working with other people that are experts in their field or rooted in their community. This is why we have developed our 'Space to Grow' Partnership Programme which ranges from low-cost site hire, collaborative project design and delivery to 24-month residencies, as summarised below:

Low-cost Space Hire - We know that sometimes, you just need a warm, accessible space (at a decent price) to make a big impact. Our Partnership Programme allow you to do just that, offering low-cost space for either one-off events or regular activities (for up to 12 weeks) to partners who share our aims help us reach target audiences. We offer our chosen partners a low-cost rate which covers utilities and overheads, health and safety requirements and support from our Services Operational Manager to ensure your activity/project runs smoothly. We welcome applications for lowcost space hire from organisations that work with groups that are currently under-represented at the Farm.

12 or 24-month Residencies - We welcome fledgling organisations that share our vision and work with groups that are currently under-represented at the Farm to use our sites to develop their activities for their community. We understand that to pilot a new idea or a new way of working, you may need more than 12 weeks. That is why we offer a 12 or 24-month Residency - so you have Space to Grow!

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Collaborations - We welcome collaborations with organisations who share our values and want to work together, sharing funding, skills, resources etc to maximise our impact for the community. Together we may be stronger! Opportunities to collaborate may arise at any time of the year depending on the Farm's priorities, need of the community, gaps in our provision and our capacity.

Impact highlights from 2022-23

Over the last year we have continued to celebrate, connect and uplift our community by running a series of seasonal events including:

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St. Werburghs City Farm

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For the year ended 31 March 2023

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Equity Review

In October 2019, we launched a 12-month exploration into the barriers to visiting the Farm and participating in our services for people from diverse communities. This work was prompted by the recognition that the Farm’s service users, staff and trustees did not reflect the diversity of the local community. The resulting Equity Report was publicly launched in January 2021 and is available to read in full at www.swcityfarm.co.uk/about/blog/2021/02/15/our-equity-project-and-progress/. The recommendations within the Equity Report and its’ supporting documents were compiled into an Equity Action Plan, to ensure that no recommendations were overlooked. As part of our commitment to valuing and increasing diversity and inclusion at all levels of our organisation, we will be publishing our equality and diversity data for our staff, trustees and adult project participants on an annual basis. Below is a summary of the key successes and challenges achieved to date:

Successes

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Challenges

Looking forward to 2023-24

The past three years have brought with them unprecedented, unforeseen challenges. Covid-19 highlighted social inequalities that exist in our community, followed by the cost-of-living crisis further exacerbating the effects of disadvantage and inequality. There has never been greater need for our services in our community, as individuals and organisations alike feel the impact of skyrocketing prices. We have pivoted our projects to support those that need it most, offering vouchers for a free hot meal from our Youth café and a warm space to recharge devices and have a hot drink for all our volunteers. We are continuing our commitment to Equity and Inclusion through developing a Partnerships offer to support marginalised community groups and through a department-wide consultation about the future of volunteering services.

Following on from our Community Advocacy Project in 2021, we held an all-staff and stakeholder Vision and Values day in February 2022. The input and engagement highlighted the passion and commitment within our team and community, which has been distilled into our new Vision, Objectives and Values, which we are proud to launch with this Operational Plan. As we work towards launching a new strategy in 2024, we will endeavour to embed our new vision and values in all our services and ways of working.

Since the start of the pandemic, the Farm has invested a significant proportion of its unrestricted, undesignated reserves into our community services. We are beyond proud that our trustees understood that if there was ever a time to use your 'rainy day' savings, it has been the last three years. As a result, we have been able to extend many of our activities and programmes that otherwise would have ceased when existing funding came to an end. Over the past year, these programmes have engaged, supported and uplifted thousands of people facing disadvantage through times of unprecedented need. However, this means that we enter 2023/34 in a financial position where we can only run activities that are 100% funded (either by grant or generated income), and it is imperative that our budgets balance this year. As such, we have set ourselves an in-year fundraising target of £212,000, along with critical action plans and timeframes for if we cannot secure funding. We will continue to consolidate our services, ensuring that we deliver quality and impactful activities for:

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Despite budgetary constraints, we understand that our staff are our biggest asset, and that they too are deeply affected by the cost-of-living crisis. We have taken the decision to transition to a 35hr working week across the organisation and to align with the recommended NJVC pay scales for 2023, as a way of acknowledging how much we value and appreciate the skill, passion and commitment of our staff team.

After successfully re-launching our seasonal events in 2022, 2023 will see the return of the Farm Fair after three long years, albeit in the autumn! We are beyond excited to welcome our community back to for a day of fun, music, dancing and celebration. Fingers crossed for good weather!

Finance

The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice – Accounting and Reporting by Charities.

The Farm's total incoming resources for 2022-23 were £577,313. Total expenditure was £654,964. Net losses on investments were £3,056. Including funds carried forward, the Farm's total funds are £517,827 of which £328,524 is tangible fixed assets (capital buildings) and £55,429 are restricted funds which will support service delivery in 2023-24. Excluding these funds, the Farm ends the year with £133,874 unrestricted funds which comprises of:

Need for future funds

As outlined in the table below, the Farm’s total funds have decreased from £598,534 (2022) to £517,827 (2023). This is due to the planned investment of unrestricted, undesignated funds towards the delivery of much needed services as our community continues to rebuild after Covid-19 and the cost-of-living crisis.

Financial Summary 2019-20 2020-21 2021-22 2022-23 2023-24

Period Ending 31st March		 Historic Historic Historic Most
Recent		 Forecasted
Total Income 602,962 616,133 519,214 577,313 647,824
Total Expenditure 699,792 608,822 665,434 654,964 651,517
Net gains / losses on inves 3,669
 -2,738 -4,042 -3,056 unknown
Surplus / Deficit -93,161 4,573 -150,262 -80,707 -3,693
Unrestricted funds* 694,061 685,520 532,258 462,398 464,134
Restricted funds* 50,162 63,276 66,276 55,429 50,000
Total Funds 744,223 748,796 598,534 517,827 514,134
Breakdown of Capital and Reserves

Capital Fund		 404,419
376,990
 352,367 328,524 300,511
Designated Funds 140,236 165,236 120,236 107,426 107,426
Restricted Funds 50,162 63,276 66,276 55,429 50,000
General Funds 149,406 143,294 59,655 26,448 56,197
Total Capital and Reserve 744,223
s		 748,796 598,534 517,827 514,134

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Based on the needs presenting within our target audiences, and the fact that this need is only likely in increase over the next 12 months, the Trustees are prepared to invest up to £20,000 of surplus general funds over 2023-24. This is to ensure that our core services can continue to operate so that our community is supported, our sites are well maintained and accessible, and we continue to support the growth of our social enterprises. This will likely result in the next financial year ending with a small, manageable deficit, however this will be carefully managed by the Trustees, ensuring that we fulfil our charitable objectives at a time when our services are needed more than ever before.

Unrealised gains and losses

It is the policy of the trustees to invest funds on medium and short-term deposits and review these investments periodically. At the end of the year the Farm had £nil (a net loss of -£3,056) invested in the Epworth Affirmative Fixed Interest Fund for Charities, £81,548 in the Ecology Building Society, and the remaining funds are maintained in our current account to manage the day-to-day business.

Income model

Prior to Covid-19, the income model for the organisation was reasonably balanced between trust and foundation grants, generated income such as commissioned services, fees, sales, and fundraising events. However, as a result of lockdown restrictions and the need to put the health of our beneficiaries and staff first, we have not reintroduced all of our income generating or community fundraising activities, nor have we sought to fill our fee-paying services to maximum capacity. As such, we are not yet realising the same level of income from fundraising events, shop sales, site hire etc. Instead, our income model for 2022-23 is split as follows:

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

Monthly Donors/ Members/ Donations

Over the year, we have been supported by 56 members (totalling £2,500), 23 monthly donors (totalling £3,216 per year, not including Gift Aid), several one-off online donations (totalling £2,142 including Gift Aid), £10,550 from people using our tap-to-donate machine and £51,244 from a Crowdfunder appeal, visitor donations, and other extremely kind donors. Thank you to every single one of you for your generous support.

Thank you

The trustees are very grateful to all those listed below who have supported the work of the charity this year. Without their trust in the Farm and their generous, financial support, we would not have the capacity to support our clients, participate proactively in our community and grow for the future.

Trusts and Foundations

Action Funder The Nisbet Trust Annett Trust Portishead Nautical Trust Bristol City Council (One City Funds) Power to Change (Community Resilience Fund) Bristol Community Health Trust Quartet Community Foundation Bristol Food Fund Royal Horticultural Society (Flourish Fund) Charities Aid Foundation Society of Merchant Venturers The David Family Foundation Stoke Park Friends Group The D'Olyly Carte Charitable Trust West of England Combined Authority Enterprise Development Fund West of England Sport Trust (Green Social Ernest Cook Trust Prescribing) Holiday Activity and Food Fund Hubbub Foundation Donors and sponsors The Lark Trust Bevan Brittan LLP National Benevolent Charity Bristol University National Lottery Community Fund - Awards Everyone who supported our Crowdfunder for All

Volunteers, members, consultants and staff

We would like to say an extra special thank you to:

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St. Werburghs City Farm

Report of the trustees

For the year ended 31 March 2023

To you all, a big, warm thank you for your energy, enthusiasm, and continued commitment to making the Farm an inspiring and caring place.

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees confirm that to the best of their knowledge there is no information relevant to the audit of which the independent examiners are unaware. The trustees also confirm that they have taken all necessary steps to ensure that they themselves are aware of all relevant examination information and that this information has been communicated to the independent examiners.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 17 July 2023 and signed on their behalf by

Fiona McDonald

Fiona McDonald Treasurer

21

Independent examiner's report

To the trustees of

St. Werburghs City Farm

I report to the trustees on my examination of the accounts of St. Werburghs City Farm (the charitable company) for the year ended 31 March 2023, which are set out on pages 23 to 43.

Responsibilities and basis of report

As the trustees of the charitable 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 charitable 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 the charitable company'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

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

Godfrey Wilson Limited also provides payroll services to the charitable company. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Date: 17 July 2023 Rob Wilson FCA Member of the ICAEW

For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol, BS1 4QD

22

St. Werburghs City Farm

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2023

Restricted Unrestricted
Note
£
£
Income from:
Donations and legacies
3
-
94,295
Charitable activities
4
208,783
212,971
Other trading activities
5
-
59,884
Investments
-
1,380
Total income
208,783
368,530
Expenditure on:
Raising funds
-
10,483
Charitable activities
219,630
424,851
Total expenditure
7
219,630
435,334
Net losses on investments
-
(3,056)
8
(10,847)
(69,860)
Reconciliation of funds:
Total funds brought forward
66,276
532,258
Total funds carried forward
55,429
462,398
Net expenditure and net movement in funds		 2023
2022
Total
Total
£
£
94,295
21,586
421,754
447,280
59,884
48,266
1,380
2,082
577,313
519,214
10,483
4,180
644,481
661,254
654,964
665,434
(3,056)
(4,042)
(80,707)
(150,262)
598,534
748,796
517,827
598,534

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 19 to the accounts.

23

St. Werburghs City Farm

Balance sheet

As at 31 March 2023

Note
Fixed assets
Tangible assets
11
Investments
12
Current assets
Stock
13
Debtors
14
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
15
Net current assets
Net assets
17
Funds
18
Restricted funds
Unrestricted funds
Designated funds
Capital fund
General funds
Total charity funds		 £
9,434
22,614
222,208
254,256
(64,953)		 2023
£
328,524
-
328,524
189,303
517,827
55,429
107,426
328,524
26,448
517,827		 2022
£
352,367
57,120
409,487
7,193
17,428
205,430
230,051
(41,004)
189,047
598,534
66,276
120,236
352,367
59,655
598,534

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 17 July 2023 and signed on their behalf by

Fiona McDonald

Fiona McDonald - Treasurer

24

St. Werburghs City Farm

Statement of cash flows

For the year ended 31 March 2023

Net movement in funds
Adjustments for:
Depreciation charges
Losses on investments
Dividends, interest and rents from investments
Increase in stock
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash used in operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of investments
Net cash provided by investing activities
Increase / (decrease) in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2023
£
(80,707)
23,843
3,056
(1,380)
(2,241)
(5,186)
23,949
(38,666)
1,380
54,064
55,444
16,778
205,430
222,208		 2022
£
(150,262)
24,623
4,042
(2,082)
(2,863)
21,527
(17,179)
(122,194)
2,082
-
2,082
(120,112)
325,542
205,430

25

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

St. Werburghs City Farm meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executors to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probably when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have been met, then the legacy is treated as a contingent asset and disclosed if material.

Income received in advance of the provision of services is deferred until criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

26

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

1. Accounting policies (continued)

d) Donated services and facilities (continued)

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particularly areas of the charity's work or for specific projects being undertaken by the charity.

Restricted funds for the purpose of purchasing or constructing fixed assets are transferred to unrestricted funds if the restriction has been discharged by the purchase or construction of the asset.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. These costs have all been allocated to charitable activities.

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Farm buildings 10 years straight line
Plant and equipment 10 years straight line
Motor vehicles 4 years straight line
Land and buildings 25 years straight line

Items of equipment are capitalised where the purchase price exceeds £500.

No depreciation is provided on freehold land.

27

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

1. Accounting policies (continued)

i) Tangible fixed assets (continued)

For capital items funded by restricted grants, if the restriction was discharged by the purchase or construction of the asset, the funds are transferred to unrestricted funds.

j) Stock

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

k) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

m) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

n) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

o) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

p) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

28

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

1. Accounting policies (continued)

p) Accounting estimates and key judgements (continued)

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

Depreciation

As described in note 1i to the financial statements, depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life.

2. Prior period comparatives

Prior period comparatives
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net losses on investments
Income from donations and legacies
Restricted
£
Voluntary donations
-
Net income / (expenditure) and net movement
in funds		 Restricted
£
-
255,910
-
-
255,910
180
252,730
252,910
-
3,000
£
94,295
Unrestricted		 £
21,586
191,370
48,266
2,082
263,304
4,000
408,524
412,524
(4,042)
(153,262)
2023
Total
£
94,295
Unrestricted		 2022
Total
£
21,586
447,280
48,266
2,082
519,214
4,180
661,254
665,434
(4,042)
(150,262)
2022
Total
£
21,586

3. Income from donations and legacies

All income from donations and legacies was unrestricted in the prior year.

29

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

4. Income from charitable activities

Income from charitable activities
Grants > £10,000:
Bristol Community Health Trust
Enterprise Development Programme
Ernest Cook Trust
National Benevolent Charity
National Lottery Community Fund
Nisbet Trust
Power to Change
Royal Horticultural Society
West of England Combined Authority
Wesport
Grants < £10,000
Total grant income
Kickstarter
Supported training placements
Horticultural and farm sales
Workshops		 Restricted
£
19,520
25,820
14,951
10,000
10,000
15,000
10,000
15,500
14,000
12,693
61,299
208,783
-
-
-
-
208,783		 £
-
-
-
-
-
-
-
-
-
-
1,500
1,500
24,736
69,775
67,671
49,289
212,971
Unrestricted		 2023
Total
£
19,520
25,820
14,951
10,000
10,000
15,000
10,000
15,500
14,000
12,693
62,799
210,283
24,736
69,775
67,671
49,289
421,754

30

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

Prior year comparative
Grants > £10,000:
Bailey Thomas
Bannister Charitable Trust
BBC Children in Need
BCC Local Restrictions
BCC Impact Fund (the Network Project)
Bristol Community Health Trust
Ernest Cook Trust
Peter Sowerby
Royal Horticultural Society
Shed Necessity Future Farm
Grants < £10,000
Total grant income
Kickstarter
Supported training placements
Horticultural and farm sales
Workshops		 Restricted
£
13,400
10,000
45,649
13,334
28,016
19,145
14,951
23,413
15,000
10,000
63,002
255,910
-
-
-
-
255,910		 2022
Total
£
£
-
13,400
-
10,000
-
45,649
-
13,334
-
28,016
-
19,145
-
14,951
-
23,413
-
15,000
-
10,000
7,026
70,028
7,026
262,936
27,290
27,290
44,340
44,340
65,252
65,252
47,462
47,462
191,370
447,280
Unrestricted

5. Income from other trading activities

Memberships
Shop sales
Café rent and service charge
Site hire
Allotments		 Restricted
£
-
-
-
-
-
-		 £
2,500
2,642
16,597
23,631
14,514
59,884
Unrestricted		 2023
Total
£
2,500
2,642
16,597
23,631
14,514
59,884		 2022
Total
£
2,462
1,789
9,958
19,732
14,325
48,266

All income from other trading activities was unrestricted in the prior year.

6. Government grants

The charitable company receives government grants, defined as funding from Bristol City Council, The National Lottery Community Foundation and The West of England Combined Authority to fund charitable activities. In the prior year the charitable company received government grant funding from The HMRC Furlough Scheme and Bristol City Council. The total value of such grants in the period ending 31 March 2023 was £35,769 (2022: £41,350). There are no unfulfilled conditions or contingencies attaching to these grants in the current or prior period.

31

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

7. Total expenditure

Total expenditure
Staff costs (note 9)
Recruitment and training
Events and fundraising costs
Advertising
Printing, postage and stationery
Equipment hire
Computer expenses
Telephone
Consultancy, legal and professional
Accountancy fees
Sundry expenses
Rent and rates
Heat and light
Insurance
Repairs and maintenance
Travel
Health and safety
Bad debts
Volunteer and trustee expenses
Depreciation
Activity and project costs		 Raising funds
£
-
-
6,851
3,632
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,483		 Charitable
activities
£
484,482
9,306
-
-
15,634
1,821
6,087
4,969
7,922
5,355
3,267
12,499
13,888
6,276
20,727
588
3,210
670
2,215
23,843
21,722
644,481		 2023 Total
£
484,482
9,306
6,851
3,632
15,634
1,821
6,087
4,969
7,922
5,355
3,267
12,499
13,888
6,276
20,727
588
3,210
670
2,215
23,843
21,722
654,964		 Prior year comparative
Raising funds
Charitable
activities
£
£
-
457,934
-
8,592
210
-
3,970
-
-
15,129
-
1,815
-
10,927
-
4,249
-
31,436
-
5,694
-
4,398
-
15,744
-
8,872
-
6,317
-
27,307
-
349
-
4,796
-
(600)
-
2,508
-
24,623
-
31,164
4,180
661,254		 2022 Total
£
457,934
8,592
210
3,970
15,129
1,815
10,927
4,249
31,436
5,694
4,398
15,744
8,872
6,317
27,307
349
4,796
(600)
2,508
24,623
31,164
665,434

Total governance costs were £1,860 (2022: £1,770).

32

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

8. Net movement in funds

This is stated after charging:

Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiners' remuneration:
▪Independent examination (including VAT)
▪Other services (including VAT)		 2023
£
23,843
Nil
Nil
2,040
3,315		 2022
£
24,623
Nil
Nil
1,860
3,834

9. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs
Freelance staff		 2023
£
418,572
21,201
12,479
32,230
484,482		 2022
£
399,192
20,886
11,351
26,505
457,934

No employee earned more than £60,000 during the current or prior year.

The key management personnel of the charitable company comprise the Trustees and the Directors. The total employee benefits of the key management personnel were £67,370 (2022: £71,458).

Average head count (FTE) 2023
No.
15.00		 2022
No.
17.00

10. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

33

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

11. Tangible fixed assets

Cost
At 1 April 2022 and at 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
12. Investments
Market value at 1 April 2022
Disposal proceeds
Realised losses
Unrealised losses
Market value at 31 March 2023
Historical cost:
At 31 March 2023
13. Stock
Livestock, deadstock and feed		 Farm
buildings
£
112,351
76,228
7,642
83,870
28,481
36,123		 Land and
buildings
£
405,022
88,778
16,201
104,979
300,043
316,244
2023
£
57,120
(54,064)
(3,056)
-
-
-
2023
£
9,434		 Total
£
517,373
165,006
23,843
188,849
328,524
352,367
2022
£
61,162
-
-
(4,042)
57,120
49,925
2022
£
7,193

34

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

14. Debtors

Trade debtors
Prepayments
Accrued income
Other debtors		 2023
£
8,573
7,206
5,956
879
22,614		 2022
£
8,499
6,367
2,500
62
17,428

15. Creditors: amounts due within 1 year

Trade creditors
Accruals
Deferred income (see note 16)
Other taxation and social security
Pension control account
Other creditors
16. Deferred income
At 1 April 2022
Deferred during the year
Released during the year
At 31 March 2023		 2023
£
12,463
12,303
28,479
4,243
2,153
5,312
64,953
2023
£
20,358
28,479
(20,358)
28,479		 2022
£
4,283
9,118
20,358
-
-
7,245
41,004
2022
£
26,086
20,358
(26,086)
20,358

Deferred income relates to income taken in advance for allotments, weddings and propagation place.

35

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

17. Analysis of net assets between funds

Tangible fixed assets
Investments
Current assets
Current liabilities
Net assets at 31 March 2023
Prior year comparative
Tangible fixed assets
Investments
Current assets
Current liabilities
Net assets at 31 March 2022		 £
£
-
328,524
-
-
55,429
198,827
-
(64,953)
55,429
462,398
£
£
-
352,367
-
57,120
66,276
163,775
-
(41,004)
66,276
532,258
Restricted
funds
Unrestricted
funds
Restricted
funds
Unrestricted
funds		 Total
funds
£
328,524
-
254,256
(64,953)
517,827
Total
funds
£
352,367
57,120
230,051
(41,004)
598,534

36

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

18. Movements in funds
Restricted funds
Amazon Comm Fridge
BCC - Climate & Eco
BCC - HAF
BCC - HAF Winter
Bristol Community Health Trust
D Oyly Carte Company
David Family Foundation
Enterprise Development Programme
Ernest Cook Trust
Finnis Scott
Hubbub Comm Fridge
Kickstart Training
The Lark Trust
National Benevolent Charity
National Lottery Community Fund
Nisbet Trust
Peter Sowerby
Portishead Nautical Trust
Quartet - Bristol Local Food Fund
Quartet - Rewild Child
Quartet - Social Action
Quartet - Stoke Park Friends
Royal Horticultural Society
Society of Merchant Venturers
Strong Foundations
University of Bristol
University of the West of England
West of England Combined Authority
Wesport
Western Power
Total restricted funds
Power to Change Community
Business Renewal
BCC - Community Capital
BCC - Youth Sector Support		 At 1 April
2022
£
5,000
-
-
-
-
5,000
8,879
-
-
-
14,951
7,500
3,000
2,828
-
-
-
-
4,341
-
4,000
-
-
-
-
10,777
-
-
-
-
-
-
-
66,276		 Income
£
-
2,500
4,963
2,105
2,201
-
19,520
6,000
3,000
25,820
14,951
-
(3,000)
4,500
3,500
10,000
10,000
15,000
-
1,500
14,000
960
5,000
4,991
3,000
15,500
2,000
2,000
1,330
8,325
14,000
12,693
2,424
208,783		 £
£
£
(5,000)
-
-
-
-
2,500
(4,963)
-
-
-
-
2,105
(2,201)
-
-
(5,000)
-
-
(16,899)
-
11,500
(6,000)
-
-
(3,000)
-
-
(26,575)
-
(755)
(14,951)
-
14,951
(7,500)
-
-
-
-
-
(7,328)
-
-
(3,500)
-
-
(10,000)
-
-
-
10,000
(4,000)
-
11,000
(4,341)
-
-
(1,500)
-
-
(18,000)
-
-
(960)
-
-
(2,000)
-
3,000
(4,991)
-
-
(3,000)
-
-
(25,985)
-
292
(2,000)
-
-
(2,000)
-
-
(494)
-
836
(8,325)
-
-
(14,000)
-
-
(12,693)
-
-
(2,424)
-
-
(219,630)
-
55,429
Transfers
between
funds & gains
/ (losses)
Expenditure
At 31
March 2023

37

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

18. Movements in funds (continued)

Total restricted funds
Designated funds:
Three month operational reserve
Total designated funds
Capital fund
General funds
Total unrestricted funds
Total funds
Estate infrastructure, Farm Fair &
grant bridging
Unrestricted funds		 66,276
90,236
30,000
120,236
352,367
59,655
532,258
598,534		 208,783
-
-
-
-
368,530
368,530
577,313		 (219,630)
-
-
-
(23,843)
(411,491)
(435,334)
(654,964)		 -
17,190
(30,000)
(12,810)
-
9,754
(3,056)
(3,056)		 55,429
107,426
-
107,426
328,524
26,448
462,398
517,827

Purposes of restricted funds Amazon Comm Fridge

Funding for activities that support children to reach their potential, including creating a positive environment and

BCC - Community Capital

Towards capital purchases needed to transform an underused and inaccessible space into a Green Kitchen to deliver outdoor cooking and growing activities.

BCC - Climate & Eco

To involve the local community in the creation of a bog-garden, dipping pond and wildlife garden that will improve bio-diversity including newts and dragonflies.

BCC - HAF

For the provision of holiday cooking activities for 13 -16 year olds.

BCC - HAF Winter

For the provision of holiday cooking activities for 13 -16 year olds.

BCC - Youth Sector Support

Funding to deliver youth activities as part of our Rewild Child Project delivering therapeutic, seasonal and land-based activities with children and young people.

Bristol Community Health Trust

Funding towards co-design partnerships for outdoor-focused health and wellbeing activities for adults currently underrepresented in outdoor activity and the Farm’s services.

D Oyly Carte Company

Funding for the Supported Farming and Green Care Project, offering Horticulture and Animal Care placements to adults with learning disabilities.

38

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

18. Movements in funds (continued) Purposes of restricted funds (continued)

David Family Foundation Funding for the Supported Farming and Green Care Project, offering Horticulture and Animal Care placements to adults with learning disabilities.

Enterprise Development Programme To support the development and resilience of the Propagation place project. Ernest Cook Trust Funding to employ an Outdoor Learning Officer to deliver activities that build the resilience of inner-city children. Finnis Scott Funding towards the employment and support of a Horticultural Apprentice. Hubbub Comm Fridge Funding to launch a Community Fridge in collaboration with Houria CIC. Kickstart Training Training budget for young people employed though the Kickstart Scheme. The Lark Trust Funding towards the delivery of therapeutic outdoor activities for adults with poor mental health. National Benevolent Charity To offer nature connection and land-based training opportunities for people experiencing inequality. National Lottery Community Fund Towards the costs of extending our nature connection provision and co-creating a new 3-year Volunteer and Wellbeing Strategy. Nisbet Trust Towards the costs of the Child and Youth Project Manager to deliver the Roots to Learning programme. Peter Sowerby Towards the costs of running and reimagining the Supported Farming and Green care project.

39

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

18 Movements in funds (continued) Purposes of restricted funds (continued) Portishead Nautical Trust Funding to provide therapeutic and seasonal activities to disadvantaged and marginalised young people. Power to Change Community Funding to enable community businesses affected by the CovidBusiness Renewal 19 crisis to adapt, renew and rebuild. Quartet - Bristol Local Food Fund Funding to continue to hosting a weekly cooking and wellbeing activity for asylum seekers and refugees in conjunction with Bristol Mind. Quartet - Rewild Child Funding to engage and empower disadvantaged young people within our city. Quartet - Social Action Funding to enable the provision of weekly wellbeing activities, including a hot meal, and increase opening hours of community facilities to enable people to get a hot drink and recharge their devices. Quartet - Stoke Park Friends Funding to continue the work of our Supported Farming and Green Care Project, offering Horticulture and Animal Care placements to adults with learning disabilities. Royal Horticultural Society Funding towards the employment and support of Horticultural Apprentices. Society of Merchant Venturers For materials and equipment required to enable to safe and successful delivery of our Supported Farming and Green Care Project. Strong Foundations Funding to transform an underused and inaccessible space into a Green Kitchen to deliver outdoor cooking and growing activities. University of Bristol Funding to offer a high-quality, fully paid internship for young people to gain experience of working in charities and social enterprises. University of the West of England Funding to offer fully-paid internships through the Green Skills for Jobs and Entrepreneurship programme, a transformational ‘first of its kind’ skills programme offering young people aged 18 – 28 from ethnically diverse backgrounds access to green jobs, training and business opportunities. West of England Combined Authority Funding to run a series of supported workshops, courses and placements in therapeutic outdoor environments for people experiencing mental health challenges.

40

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

18. Movements in funds (continued)

Purposes of restricted funds (continued)

Wesport Funding to deliver nature connection, wellbeing and practical skills courses as part of the Green Social Prescribing Programme.

Western Power Funding towards engaging and empowering children in fun, exploratory and inspiring outdoor activities that tackle holiday hunger, reduce isolation and increase health and wellbeing, enabling them to thrive.

Purposes of designated funds

Three month operational reserve

Designated funds comprises ring-fenced operational reserves equivalent to at least three months' 'running costs' or £75,000, whichever is the greater. In the event of the Farm needing to close, these funds could cover operational costs incurred while winding up the charity, including redundancy payments, relocation of the animals and professional fees. The calculation of essential running costs is based on core and central services and not time-specific projects including one-off capital investment.

Purposes of unrestricted funds

Capital fund

The capital fund represents the net book value of assets held. The majority of assets are funded from restricted grants which are transferred to unrestricted once the restriction has been discharged. This fund includes the Boiling Wells kitchen and the Connection Centre discharged from restricted funds on construction.

41

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

18. Movements in funds (continued)

Prior year comparative
At 1 April
2021
£
Restricted funds
Action Funder
-
Amazon Comm Fridge
-
Bailey Thomas
-
Bannister Charitable Trust
-
BBC Children in Need
(1,120)
BCC - Retail, Hospitality & Leisure
5,569
BCC - Covid (SF&GC)
-
BCC - HAF Summer
-
BCC - HAF Winter
-
BCC - Holiday Youth
1,800
BCC - Impact Fund (Small Grant)
-
10,250
BCC - Local Restrictions
4,502
BCC - Youth Sector Support
-
Bristol Community Health Trust
-
Denman Trust
-
Ernest Cook Trust
-
Ernest Hecht Charitable Foundation
2,825
Finnis Scott
-
Hubbub Comm Fridge
-
John James Foundation
10,000
Kickstart Training
-
The Lark Trust
1,924
Matrix Causes Fund
70
Persimmon Homes Building Futures
3,633
Peter Sowerby
-
Portishead Nautical Trust
1,151
Postcode Local Trust
300
Power to Change
729
10,522
Quartet - Helen Moss Grassroots Fund
609
Royal Horticultural Society
-
Shed Necessity
6,927
Shed Necessity Future Farm
3,585
Total restricted funds
63,276
Power to Change Community
Business Renewal
BCC - Impact Fund (the Network
Project)		 Income
£
2,970
5,000
13,400
10,000
45,649
8,000
3,285
860
262
-
5,625
28,016
13,334
5,000
19,145
5,000
14,951
-
7,500
3,000
-
9,000
3,500
-
-
23,413
-
-
-
4,000
-
15,000
-
10,000
255,910		 £
£
£
(2,970)
-
-
-
-
5,000
(13,400)
-
-
(10,000)
-
-
(44,529)
-
-
(13,569)
-
-
(3,285)
-
(860)
-
-
(262)
-
-
(1,800)
-
-
(5,625)
-
-
(38,266)
-
-
(17,836)
-
-
-
-
5,000
(10,266)
-
8,879
(5,000)
-
-
-
-
14,951
(2,825)
-
-
-
-
7,500
-
-
3,000
(10,000)
-
-
(6,172)
-
2,828
(5,424)
-
(70)
-
-
(3,633)
-
-
(19,072)
-
4,341
(1,151)
-
-
(300)
-
-
(729)
-
-
(10,522)
-
4,000
(609)
-
-
(4,223)
-
10,777
(6,927)
-
-
(13,585)
-
(252,910)
-
66,276
Expenditure
Transfers
between funds
At 31
March 2022		 £
£
£
(2,970)
-
-
-
-
5,000
(13,400)
-
-
(10,000)
-
-
(44,529)
-
-
(13,569)
-
-
(3,285)
-
(860)
-
-
(262)
-
-
(1,800)
-
-
(5,625)
-
-
(38,266)
-
-
(17,836)
-
-
-
-
5,000
(10,266)
-
8,879
(5,000)
-
-
-
-
14,951
(2,825)
-
-
-
-
7,500
-
-
3,000
(10,000)
-
-
(6,172)
-
2,828
(5,424)
-
(70)
-
-
(3,633)
-
-
(19,072)
-
4,341
(1,151)
-
-
(300)
-
-
(729)
-
-
(10,522)
-
4,000
(609)
-
-
(4,223)
-
10,777
(6,927)
-
-
(13,585)
-
(252,910)
-
66,276
Expenditure
Transfers
between funds
At 31
March 2022
66,276

42

St. Werburghs City Farm

Notes to the financial statements

For the year ended 31 March 2023

18. Movements in funds (continued)

Restricted funds brought forward
Designated funds:
Total designated funds
Capital fund
General funds
Total unrestricted funds
Total funds
Three month operational reserve
Estate infrastructure, farm fair and
grant bridging
Unrestricted funds		 63,276
90,236
75,000
165,236
376,990
143,293
685,519
748,795		 255,910
-
-
-
-
263,304
263,304
519,214		 (252,910)
-
-
-
(24,623)
(391,942)
(416,565)
(669,475)		 -
-
(45,000)
(45,000)
-
45,000
-
-		 66,276
90,236
30,000
120,236
352,367
59,655
532,258
598,534

19. Related party transactions

There were no related party transactions in the current or prior period.

43