OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Ferring Country Centre Limited Limited by Guarantee

Trustees Report

and Financial Statements

for the year ended 31[st] December 2022

Registered Charity Number 297286 Registered Company Number 2086358

FERRING COUNTRY CENTRE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

I NDEX

Page
Charity Information 1
Report of the Trustees 2
Independent Auditor’s Report 12
Statement of Financial Activities 15
Balance Sheet 16
Statement of Cash Flows 17
Accounting Policies 18
Notes to the Financial Statements 21

FERRING COUNTRY CENTRE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

CHARITY INFORMATION

Patron

The Duchess of Norfolk

Trustees

Robert Rogers (Chairman) Linda Clark (Treasurer) Ann Boughton-Leigh Jane Cole Anne Cook Peter Liverman Debbie Medlock

Registered and Principal Office

Rife Way Ferring Worthing West Sussex BN12 5JZ

Registered Charity Number

297286

Registered Company Number 2086358

Key Management Personnel

Chief Executive Officer Hannah Tombs Head of Operations Simon Livesley (Resigned 3[rd] March 2023) Head of Facilities Jason Coomber (Resigned 17[th] March 2023) Head of Finance Nicola King Head of Commercial Samantha Kirk

Independent Auditors

Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Bankers

National Westminster Bank Plc South Street Worthing West Sussex BN11 3AR

Solicitors

Miller Parris 3-9 Cricketers Parade Broadwater Street West Worthing West Sussex BN14 8JB

Page 1

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

REPORT OF THE TRUSTEES

The Trustees have pleasure in presenting their annual report for the purposes of the Charities Act 2022 the Companies Act 2006, together with the accounts for the year ended 31 December 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102), effective 1 January 2019, in preparing the annual report and financial statements of the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Ferring Country Centre is a charitable company limited by guarantee, incorporated on 31 December 1986, and registered as a charity on 29 July 1987. It is governed by the Memorandum and Articles of Association of the charitable company and is controlled by a Board of Trustees whose members are elected at the Annual General Meeting and are directors for the purposes of company law and trustees for the purposes of charity law.

Trustees

Ferring Country Centre has a Board of Trustees, who all bring their own knowledge, skills, and passion to benefit the Charity. The Board elects its Chair on an annual basis. During 2022 there were no changes to the Board of Trustees, ending the year as we started with seven Trustees.

Trustees are recruited as and when a need is identified, with an emphasis on ensuring an appropriate skill set amongst the membership. The recruitment process requires potential trustees to submit their Curriculum Vitae to the Chairman of the Board. A selection process consisting of an informal visit and interview is undertaken and appointment to the Board is confirmed by the existing members and ratified at the following AGM. All new Trustees undertake a full induction programme ensuring that they are aware of their legal obligations under charity and company law. They receive copies of Ferring Country Centre’s Memorandum and Articles of Association and the Charity Commission Booklet “CC3 The Essential Trustee”. In line with the organisational Conflict of Interest policy, all Trustees are required to complete the Conflict of Interest, Related Party Transaction and Annual Declaration form for each year that they are in office.

The Board of Trustees normally meet four times per annum, these meetings run in line with the financial quarters. Board meetings follow an agreed agenda with various standing matters, including full reporting of management accounts, risk, health & safety, review of existing policies and adoption of new policies. Sub-groups of the Board and additional meetings are set up as and when necessary. The Trustees held an additional meeting during the year in December to discuss one specific matter, this being a formal complaint for which we commissioned an independent investigation. The purpose of the meeting was to review the report and formalise a response from the Board to the complainant.

During 2022 we continued to meet using a hybrid meeting format, with those able to attend in person doing so and those not able to do so joining virtually using a Microsoft 365 Teams link. Our AGM was held in person in June 2022. In accordance with the Articles of Association, one-third of the Trustees retire at the Annual General Meeting but are eligible for re-election. Our current Articles of Association were adopted at the 2019 AGM.

Decision making is undertaken by the Trustees at board meetings following briefings and discussions. The Board appoints a team of professional managers; day-to-day management of the Charity is delegated to the Chief Executive Officer and then through the post holder to the management team.

Remuneration of Key Personnel

The Board of Trustees annually reviews the Chief Executive Officer’s salary. The CEO, Chairman and Treasurer review all other salary rates and present their recommendations for the annual pay review to the Board for approval and subsequent implementation.

Our staffing team is our greatest asset in the delivery of our work. We have maintained our Living Wage Foundation Employer status during 2022, ensuring that we pay a fair living wage to our team above the rate set by the Government.

During 2022, a review of staff remuneration packages in the market was undertaken and, in order to reward our staff appropriately and in line with other employers in the charity sector, we introduced the addition of Death in Service Insurance and an enhanced pension. Further reviews will continue to be undertaken to ensure our staff are well remunerated.

Page 2

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

REPORT OF THE TRUSTEES

Equal Opportunities

Ferring Country Centre is committed to ensuring that all job applicants and employees are treated fairly and valued regardless of age, disability, gender reassignment, marriage or civil partnership, pregnancy and maternity, race, religion or belief, gender, or sexual orientation and are not disadvantaged by unjust conditions or requirements. This principle applies to recruitment, promotion, training, benefits, and facilities. Ferring Country Centre meets its legal obligations and promotes the spirit of equal opportunity in all fields.

Risks

The Trustees and Management of Ferring Country Centre have given due thought and consideration to the major risks to which the Charity may be exposed and have systems in place which are designed to mitigate those risks. This includes a risk management matrix and a business continuity plan, both of which are reviewed on a regular basis. Risk is an agenda item and discussed at all Trustee meetings.

During 2022 we found that the risk associated with the COVID-19 pandemic continued to recede, with life becoming much more normal. However, this was quickly replaced by the cost-of-living crisis and inflation reaching its highest point in more than 20 years. We have acknowledged this situation is likely to impact us for the foreseeable future and therefore have put mitigations in place to control costs where we can.

Relationships with other organisations

We continue to work in partnership with a variety of organisations, bringing opportunities to both those we support and the Centre as a whole.

We continue to work closely with West Sussex County Council, providing day services to people with learning disabilities - our Day Service Customers (DSCs). Alongside other partners of West Sussex County Council, we have contributed to their work in developing the future for how support will be offered in the county. This is an exciting piece of work, with a focus on enabling those we support to “live a good life” and will continue well into 2023.

During the year we worked closely with Big Eyed Ears, a community interest company based in Worthing, delivering therapeutic activities through the medium of drama; the Workers Educational Association, providing our weekly dance and movement session; and Aspire offering cooking and gardening courses.

We continue to work closely with Oak Grove College, as well as other schools in our locality, attending transition evenings where appropriate. During 2022 we welcomed one school leaver into our services.

Our relationship with our immediate community of Ferring is important to us. We support local events where possible, with the Platinum Jubilee event being the highlight of 2022.

We hosted a number of corporate social responsibility volunteer days throughout the year, bringing groups of workers into our site and sharing in our ongoing journey.

OBJECTS AND ACTIVITIES

The Charity’s objects clause as stated in its Articles of Association is:

“ For the benefit of persons with learning disabilities by providing such persons with working facilities in horticulture, agriculture, crafts, equestrianism and other related matters with the aim of assisting such persons to acquire and develop vocational and social skills .”

Our mission is: “ To create positive futures for customers and enable them to play a valued role in society.”

In determining how best to pursue these objects the Trustees have had regard to the Charity Commission’s guidance on public benefit set out in the public benefit guides PB1, PB2 and PB3, specifically when making decisions or reviewing the Charity’s aims and objectives, and in developing plans for future activities and projects.

In accordance with our objects, Ferring Country Centre benefits people with learning disabilities in the West Sussex area. This benefit is met by our Day Service and Riding Therapy offers, which are in turn supported by our income generating and fundraising activities.

Page 3

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

REPORT OF THE TRUSTEES

Placements within our Day Service are mainly made through referrals by West Sussex Country Council. We also accommodate referrals from neighbouring local authorities and to individuals on a private placement basis.

Our aim at Ferring Country Centre is to ensure that we enable all of the people we support, our DSCs, to achieve their wants and wishes and experience a sense of purpose. We do this by offering a wide range of activities and training opportunities, striving to deliver an engaging and fulfilling experience to all. Our Ambassadors, who are a group of our DSCs, work to ensure their peers have a voice to influence us. Through them, we engage with and listen to the views of those we support, allowing us as an organisation to fully understand their wants and aspirations for the Centre and the services which it provides. Support plans are in place for each person we provide a service to, containing details of wants, needs and wishes, allowing us to fully understand them and the outcomes they wish to accomplish when in our care. We pride ourselves on delivering a high-quality person-centred service, provided in a safe and supportive environment, enabling those we support to overcome challenges or barriers in order to achieve their aspirations, whatever they may be.

The success of Ferring Country Centre is dependent on having a flexible and blended approach to the offer across our whole organisation. Our primary purpose and key focus is supporting people with learning disabilities, offering a wide and varied range of activities. Our secondary purpose is to use our site and skills to generate funds to aid us in the delivery and development of our primary purpose. Our primary and secondary purposes are inevitably entwined; they need to co-exist in a harmonious way. Each of our departments offers meaning, experience, and skills to those we support, at the same time as allowing us to generate income.

Our organisation is split into six key functional areas:

All of these areas are supported by the administration, facilities and finance functions.

Our site allows us to offer a diverse range of activities to our DSCs:

In addition to the department specific activities listed, the Operations Team is responsible for the dedicated Day Service Centre, which is equipped with three classrooms, an IT suite, a sensory room, a dining room and a commercial kitchen, in which cakes are produced daily for sale in Ranger’s Café. The Operations Team is also responsible for the Farm Classroom, based within Dales Farm, and the Woodwork Workshop.

Our facilities are used to deliver a varied programme of developmental and therapeutic activities, which include music, sing and sign, yoga, fitness and many more.

We continue to be committed as an organisation to providing a high standard of facilities to our DSCs. We also continue to invest in site improvements which will not only expand the range of activities on offer, but ensure they are delivered in a welcoming environment.

Our Riding School offers riding therapy sessions, in which both adults and children with learning and/or physical disabilities have the opportunity to experience horse riding. Riding therapy sessions offer both psychological and physical benefits to riders.

We are open to the public seven days a week as a Riding School, Dales Farm, Visitor Centre (including children’s play areas), Ranger’s Café and Garden Centre. Our relationship with the community in which we are based is important to us, and we enjoy welcoming visitors to our Centre. Whilst we are open to the public to share our beautiful site and

Page 4

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

REPORT OF THE TRUSTEES

excellent facilities, it is important to note that alongside income generation, it also brings wider benefits of social inclusion and interaction. The social inclusion between those we support and the wider community is paramount to the ongoing success of our organisation. Our DSCs undertake roles which are valued in a safe and supported environment. Barriers of prejudice are broken down as inclusion of this type assists people to have a greater understanding of learning disabilities, appreciating the fact that we all unique.

Throughout the week we are supported by an excellent team of volunteers, each bringing their own mix of experience, skills, knowledge and passion to our organisation. Our volunteers add a great deal of value to our Centre and we are sincerely appreciative of their support, time, and dedication. During the weekends we are pleased to offer volunteering opportunities to young people between the ages of 12 and 18. This can allow young people to have their first experience of working alongside animals, including horses.

ACHIEVEMENTS AND PERFORMANCE

Day Service and Outreach

2022 saw the return of a much more normal year. Whilst at the beginning of the year there were still concerns around the risk of COVID-19, these concerns were not to scale with the previous two years. We remained cautious throughout the year, flexing the mitigations we had in place in accordance with the cases in our locality and following government guidance at all times. Staff have continued to access COVID-19 vaccinations in line with the government-led programme.

We have seen a steady increase in the number of DSCs attending the Centre. At the beginning of the year we were delivering 316 days of support each week. This rose to 338 days at the end of December, an increase of 22 days per week. Our capacity is for 75 people accessing our services on any one day, meaning we can offer up to 375 days’ support per week.

During the first six months of the year, we were still responding to COVID-19, and often changing the risk control parameters. The whole team reacted well to these and we are thankful for their ongoing commitment to keeping everyone safe.

In February 2022, the Ferring Country Centre Ambassadors held their inaugural meeting. The purpose of the Ambassadors is to ensure that as an organisation we are seeking and listening to the voices of the people that we support. The Ambassadors remit is to include assisting with the planning of all day service out of hours parties, along with the serious business of reflecting on the services we offer.

We ran a full programme of evening events during the year. In June we held a summer celebration event, which was open to families and carers as well as our DSCs, which included a steel band, a disco, live music and a barbecue, and a great evening was had by all. The Ambassadors helped to plan the event and enjoyed welcoming all the guests at the start of the event. At Halloween we enjoyed a fancy dress disco, and as the year ended, we were so pleased to be able to hold a Christmas disco once again.

We continued to develop our outreach services throughout the year. Our walk and talk group continued weekly and February 2022 saw the launch of Dinner Club, taking place on the first Wednesday of each month in Ranger’s Café. Our DSCs join together for a delicious dinner, followed by an activity, such as board games or karaoke. During the evening, the attendees are consulted to agree a menu for the next time. In the autumn we launched Breakfast Club, which is held monthly on a Wednesday morning at Buddies Café in Worthing, taking a group from the Centre and meeting other customers who do not attend on that day at Buddies to enjoy a breakfast together along with a specific conversational topic. In October we launched Film Club, which runs on the third Monday of each month, utilising the large interactive screen in the classroom. Pizza and popcorn is enjoyed by all as we settle into a film chosen by the club.

At the beginning of the year an allotment project was started. A group of DSCs, along with their support worker and an external tutor, took over part of the field behind the café to develop an allotment. This project was enjoyed by all group members, building beds, preparing the ground, growing a variety of vegetables from seed and then in the autumn learning to cook the vegetables they had grown. As winter arrived preparation for 2023 began.

Throughout the year we continued to offer a range of education and classroom-based activities. Our wellbeing activities were increased with a weekly dance and movement session in addition to the yoga and fitness sessions. In the early spring Aspire restarted delivery of the learning disabilities educational programme, and in the early summer the

Page 5

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

REPORT OF THE TRUSTEES

Woodwork Workshop was fully operational. During the year, a photography group was also established, with the highlight of the year being the production of a Ferring Country Centre calendar.

In September the Ferring Rangers Football Team was formed. With a volunteer coach in place, the team commenced weekly training sessions at the Durrington leisure centre, practicing to improve their skills and work towards their first fixture.

Throughout the year work has been undertaken by West Sussex County Council in relation to services for adults with learning disabilities. In the autumn they launched their Adult Social Care strategy, “The life you want to lead”, which will influence the procurement of services in the future. We have been participating in the initial consultation process.

Commercial Activities and Animal Care

For our commercial activities 2022 was a much more normal year, with all departments being able to operate fully for the entire year.

The Garden Centre benefited from some improvements at the beginning of 2022, with an irrigation system being added to the glasshouse and the twin span poly tunnel being renovated. This resulted in more space being available to the team for the busy summer period. Sales were lower than the previous year, impacted by people opting to spend money on holidays rather than at home. During the autumn, responding to the current trend for house plants, a growing room for house plants was set up.

The Riding School had an excellent year. A small restructure at the beginning of the year allowed us to maximise our lessons programme, ensuring that we were able to schedule lessons in relation to demand. We were also able to offer a full programme of riding therapy, with many pre-pandemic riders being able to ride again. During the school holidays we offered a wide range of pony activities that proved popular. Pony Camp was run in the summer holiday for our young volunteers. The days included some personal development training along with horsemanship and riding skills development.

Dales Farm continued to be a popular attraction. Avian flu restrictions at the beginning of the year, and then once again in the autumn, resulted in the poultry spending time away from the main farm area and the pond being netted off. The rabbits and guinea pigs’ areas were upgraded during January and February, making the area more attractive to our visitors, and offering higher animal welfare to the inhabitants. Our animal license inspection was completed in the spring and a three-year renewal was issued.

Ranger’s Café continued to thrive during 2022. In March we gained our Premises License, allowing us to serve alcoholic beverages. We also undertook our first events during the year, including an event for the High Sheriff and a wedding reception, which were a great success.

We transitioned to a new online training provider in February, whose suite of training is more focused on care settings than our outgoing provider. We also reviewed our employee benefits, which now include group life cover and an improved pension scheme.

Overall, the year has been successful despite several challenges; but these as always give rise to opportunities. We have responded to trade peaks and troughs throughout the year, ensuring that sensible decisions were made. Rising costs have been one of the largest concerns during 2022. The whole of the commercial team led by our Head of Commercial, Samantha Kirk, worked together to ensure that we got the best value for money in our purchasing.

Site Development

Site improvement during 2022 has been on a smaller scale than in recent years and has consisted of improvements and upgrades in the main building and around the site.

In the Garden Centre area improvements were made by the twin span poly tunnel being re-covered and a new concrete base added. This turns the area into a much more usable space and is safe to be used by our DSCs. The addition of heaters allows it to be used as an alternative to the main glasshouse.

Our main entrance driveway was in a poor condition, with many potholes appearing. The driveway and the roadway in front of the main building were fully resurfaced in June. This has improved the appearance of the entrance to the Centre and made it much easier and safer for our DSCs to walk along.

Page 6

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

REPORT OF THE TRUSTEES

Over the summer months, whilst the weather was fine and activities were based outside, we undertook work to improve facilities in the main building. Our two classrooms, IT room and medical room were refurbished, and the old reception area repurposed into a new classroom. The main corridor was also redecorated which has transformed the downstairs of the building into a bright and welcoming area for all to enjoy. Our largest classroom was also equipped with an interactive board, and the other classrooms had screens added to allow for internet browsing in line with the subjects being discussed or taught.

We submitted a planning application for the addition of a Fitness and Dance Studio. This is planned to be a multipurpose use area for a wide range of physical activities as well as for drama. Planning permission was granted with some conditions. Funding is now being applied for via grants and trusts.

Fundraising and Finance

2022 was a particularly challenging year financially, impacted by the residual effects of the pandemic, high rates of inflation and the cost-of-living crisis.

During the previous two years we had been able to access a variety of COVID-19 support funding, which had helped significantly as we worked to maintain a safe working environment and adhere to government advice. No further funding was made available during 2022. However there was still a requirement to keep everyone safe and adhere to government advice. For a significant part of the year staff were required to take up to 14 days off following a positive COVID-19 test. These requirements and extended periods of absence were costly to the organisation.

We remained cautious about holding events and this impacted our performance in relation to fundraising events, with the Christmas Fayre being the only fundraising event that we held during the year. The Three Forts Marathon continue to be supporters of the Centre, with funds raised from the 2022 marathon being donated to us.

We continued to fundraise through our website and, although we did not start any new appeals, our classroom appeal ran through the year and generated funds.

Over the past five years we have undertaken a significant amount of capital improvement work, including the development of our Visitor Centre and Café. This expenditure was imperative to the future success of the organisation.

We have been supported by many organisations and community groups.

We have continued to be prudent and pragmatic as needed in our financial decision making, aided by the excellent work of our Head of Finance, Nicki King. Whilst we have ended the year in a deficit position, due mainly to the significant depreciation charge, our overall financial position remains good, with significant reserves and a strong balance sheet. Operationally 2022 produced a cash surplus of £109k.

Summary

2022 has been a busy year for Ferring Country Centre, a year when life in general shifted to the new normal in a post pandemic world.

We have worked closely with our core beneficiaries, their families and carers to ensure that as our service fully opened and we began to offer additional services, our facilities and staff met the wants and needs of the people we exist to support. After two years of restrictions, it has been wonderful to see our DSCs engage and benefit fully from the services we offer.

We continued to develop our site, focusing on the needs of those we support, making sure accessibility is key when undertaking improvements and that our site remains suitable in an ever-changing landscape.

Whilst outside pressures continue to impact the organisation as whole, it is important that our principal focus remains on our service delivery to our DSCs, offering them a service in which everyone matters, is valued and enabled to achieve their personal outcomes.

We benefit from a large team of committed volunteers, who support the work we do throughout our Centre - giving their knowledge, experience, skills and time freely. We are profoundly grateful for all they do and the value they bring to our organisation. During 2022 we had 85 volunteers supporting us.

Page 7

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

REPORT OF THE TRUSTEES

We worked with 128 DSCs during 2022, offering a varied and fulfilling range of activities through our day service and outreach programmes, focusing on a quality offer delivered in a person-centred approach. Alongside this we continue to grow and develop our income-generating activities. The on-going hard work and dedication of our team, both volunteers and employees, has enabled us to achieve this led by our committed management team, headed up by our excellent CEO, Hannah Tombs.

2022 has been a mixed year for Ferring Country Centre. We have had the euphoria of witnessing the benefit of operating a full service and the development and delivery of many opportunities and events beyond our core day service hours. We have also had the challenge of rising costs that have posed a pressure on our finances, finishing the year in a deficit position.

When challenge arrives, it is generally accompanied by opportunity and the opportunity element of the challenge should be our area of focus. With positivity, direction and drive we can continue to develop and grow our organisation, delivering high quality services to those we support and striving to do our absolute best.

FINANCIAL REVIEW

Ferring Country Centre ended the 2022 financial year with a deficit of £74.5k (2021 Surplus £22.2k), -3.9% of total income (2021 1.25%). The financial performance of the organisation continued to be impacted by the COVID-19 pandemic, along with the impact of rising costs and high inflation.

We continue to invest in our site, focusing on the provision of high-quality facilities for our DSCs. We strive to create a site that is accessible, safe, appropriate, inclusive, and welcoming to all. We have invested in our Day Service building during 2022, decorating and upgrading all areas, including the classrooms and medical room.

Financially, 2022 was a particularly challenging year, despite ending the year in a deficit position, our finances continue to be in good health. Our cashflow has been stable throughout the year and we hold sufficient reserves should we need them. However, it is important that we do not become complacent relying on reserves, and therefore focus on returning to a surplus position as soon as possible.

Our income for 2022 saw an increase against 2021 of £108.2k (6.0%). Revenue increased in 2022 for Dales Farm, the Riding School, and Ranger’s Café, but decreased for the Garden Centre. Our contractual income from West Sussex County Council also increased, returning to the full contractual value.

We identify two key areas of risk, these being:

  1. One contract is 50% of our total income: our Day Service Contract with West Sussex County Council. (End date of 31[st] December 2023).

  2. Ongoing rising costs and high inflation, including higher employment costs.

We mitigate the first risk by working closely with West Sussex County Council, understanding their future plans for providing services to people with learning disabilities, and ensuring that we have an approach that is adaptable to ever changing demands and needs.

The second risk needs to be constantly monitored, being responsive to higher costs by regularly reviewing our pricing structure and being prudent in our spending.

The Charity’s reserves, as shown in notes 16 and 17 of the financial statements amounted to £962k. (2021 £919k) an increase of £43k. The Trustees consider the Charity’s available cash resources, for operational purposes, have increased by 4.7% or £46.8k and are shown in the table below.

Investments and surplus cash
Less: Restricted funds
Less: Designated funds		 2022
£
1,080,810
41,238
-
1,039,572		 2021
£
1,133,054
40,275
100,000
992,779

Page 8

FERRING COUNTRY CENTRE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

REPORT OF THE TRUSTEES

The Trustees have a cautious investment strategy with little or no risk and the income generated from these resulting investments amounted to £5.7k, a 60.0% increase (2021 £3.6k). This is due to improved interest rates during 2022.

We have continued to invest in our site and equipment during 2022, our capital expenditure was £164.7k for the year.

The Trustees review the Reserves Policy annually and have agreed that the Charity hold reserves equivalent to 6 months’ operating expenditure (expected to be £1,037k in 2023) to ensure the on-going delivery of its charitable objectives. At the balance sheet date our operational reserves are £1,040k as detailed on page 8.

2022 produced donation income of £43k (2021 £41k) an increase of 3%, split between Unrestricted £24k (2021 £20k) and Restricted £19k (2021 £21k).

Donations, Supporters and Corporate Social Responsibility

Our sincere thanks go to all of those who give generously and support our organisation. You make it possible for us to achieve our objectives, invest in our services and support those at the very core of our service, that being any person with a learning disability.

In 2022 we received donations from:

Individual Donors

Tom Burstow, Helen Maidlow, John and Eve Dean, Michael McKee, Mrs Wilson, Tracy Keegan, Hilz Pollard, Vicky Woodard, Sarah Charman, Kenneth Carpenter, Luise Fleckenstein, Richard Bush and Carole Salder.

Trust, Foundations and Companies

Worthing and District Society of Model Engineers, Southern Co-op, Coast and Country Real Estate, Humber Avenue Community Allotments, Chiltern Trust, Charities Trust, Tendercare Ltd, Worthing Literacy Institute, Inspired Instrumentals, Green Wright Chalton Annis Solicitors, East Preston Festival, Rassasy, Michael Jones and Company, Ferring Recorded Music Society, Stamford Lodge, ASDA Ferring, Arun Arts Society and R W Masters Coachworks.

Legacies

We received no legacies within this financial year.

Supporters & Corporate Social Responsibility

During 2022 we were pleased to offer volunteer days to the following organisations and companies:

We have maintained our relationships with the following supporters: Co-op Ferring, 3 Forts Marathon, Worthing Rugby Football Club, St Andrew’s Church Ferring and Ferring Parish Council.

Page 9

FERRING COUNTRY CENTRE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

REPORT OF THE TRUSTEES

PLANS FOR FUTURE PERIODS

2023 and beyond

As we move into 2023, we will be continuing the excellent work started in 2022, developing further our outreach and community link work, offering more variety of activities to our DSCs both on and away from our site.

We will need to closely monitor our financial performance. With inflation still at record levels, we must remain prudent in our spending to minimise the impact of rising costs on our organisation and those we support. We must, however, not be afraid to spend when necessary. Money should be used wisely, with consideration being given to the why (do we need it?), when (do we need it now?) and how (how will it be used?).

We will continue to work closely with West Sussex County Council, participating in their consultation and co-production work on the future of day services, whilst continuing to provide services under our existing contract terms. Our current contract extension takes us to the 31[st] December 2023. It seems likely at this time that we should plan for a possible further extension, continuing to use this time to ensure that we are tender ready for the new framework.

2023 will be a year of change at Ferring Country Centre with the implementation of new management and delivery structures, focusing on ensuring an excellent standard of support for all those who access our services. This will be underway in the spring and hopefully will be fully in place during the summer months. Once the structures are in place and roles filled, the remainder of the year will be about embedding the structures and good support work practices and consolidating the changes we have made. With a skilled and enthusiastic workforce in place, we will move towards financial strengthening of our organisation and the continued delivery of excellent services and positive outcomes to all our beneficiaries.

We hope to secure funding for the building of our purpose-built Fitness/ Dance/ Drama studio. This facility would be a fantastic addition for the Centre, providing an appropriate space for these important and enjoyable activities. The building programme will be for four months, so it is possible if funding is secured that we may commence the build within 2023.

2023 is the fourth year of our five-year Strategic Plan. We will review our progress and will ensure our planned direction of travel is relevant for the current world, whilst remaining focused on meeting the needs of our DSCs, who are central to all our decision making.

We have planned minimal improvement works for 2023, but we will be looking at improving the security of the site by installing new gates at key points including the main entrance gate.

We continue to strive to offer the absolute best support to people with learning disabilities, empowering and enabling them to achieve their wants and wishes, alongside meeting their needs. We look forward to the future and working alongside the incredible people we support, inspiring them to influence how we further develop our services.

Page 10

FERRING COUNTRY CENTRE LIMITED FINANGIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRUSTEES STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees (who are also directors of Ferring Country Centre Limited lor the purposes of Company lawl ale responsible for preparing the Report ol the Trustees and the financial slalemenls in accordance with appll¢able law and Unlted Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees lo proparo financial statements lor each financial year, whloh givg a Irug and lair vlew of the stale of affalrs of the charitabl8 company and of the incoming resoure&s arKI application ol resource5, including the Income and expenditure, ol the charitable company loi Ihal period. In preparing these financial stalemenls, the Trustegs are required lo.. select suitable accounting policles and then apply Ih9m Gonsistenlly. observe the methods and prln¢lples In the Charities SORP 2019 IFRS 1021. make judgements and estimates that are reasonable and prudent. slate whether applicable UK Accounting Standards have been followed, subject to any materlal departures disclosed and explained in the financial stalemenls. prepare the financial slalemenls on the going conoern basis unless il is Inappropriate to pr8sume Ihal the charltable company will continue In operation. The Trustees are responsible lor kaèping ad@quale accounllng records that disclose with ¥ea80nable accuracy al any lime the financial position ol the charilabla company and enable them lo ansure Ihal the financial slalemenls comply with the Companies Act 2006. They aro also responsiblo lor safeguarding th8 assets ol the charitable company and hence lor taking reasonable steps lor the provenllon and d6t8clion ol fraud and other irregulari118S. In so far as Ihe Trustees are aware: Ihere is no relevant audit information of whlch the charitable company's audllor is unaware., and the trustees have taken all steps that they Dught lo have taken to make themselves aware ol any relevant audlt information and to establish that the auditor is aware ot that Informatlon. The Trustees are responsible lor the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation In the Unlled Kingdom goveming the preparation and dissemination ol flnancial slatemenls may differ from legislation in olhei jurisdictions. APPOINTMENT OF AUDITORS Blue Spire Limited, have expressed thelr wllllngness lo sland lor reappointment and a resolution proposing their reappointment will be pul forward al the Annual General Meellng ol the charity. This report has been prepared having taken advantage of the small companies, exemptlon Sn the Companles Act 2006. Approved by the Truste6s and signed on their b8hall. 8 June 2023 Dale Robert A G Rogers Trustee- chairman Page11

FERRING COUNTRY CENTRE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

INDEPENDENT AUDITOR’S REPORT

Independent Auditor’s Report to the Members of Ferring Country Centre Limited

Opinion

We have audited the financial statements of Ferring Country Centre Limited (the ‘charitable company’) for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is 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).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Report of the Trustees, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the Report of the Trustees. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 12

FERRING COUNTRY CENTRE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

INDEPENDENT AUDITOR’S REPORT

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 11, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Charity and the sector in which it operates, we identified the principal laws and regulations that directly affect the financial statements to be the Charities Act, Companies Act, and Employment Act. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

In addition, the Charity is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. There is a limitation to areas most likely to have such an effect. Auditing standards limit the

Page 13

FERRING COUNTRY CENTRE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 INDEPENDENT AUDITOR'S REPORT requiied audit procedures lo identify non-compliance with these laws and regLJlatlons lo enqulry ol the Trustees and other management and inspecllon of regulatory and legal correspondence 51 any. Audit procedures p8rform8d by the engag8m8nl team Included.. Enquiry ol management, those charged with governance around actual and potential lillgallon and clalms. Enquiry ol enlily staff lo identify any instances ol non-compliance with laws and regulations., Reviewing minutes ol meetings of those charged with governance. Revlewing financial slalemenl disclosures and lesllng lo supportlng docum8nlallon lo ass88s compllance with applicable laws and regulations. PerformSng audil work over the rlsk of management overrlde ol controls. Sncludlng tesllng of journal enlrles and other adluslmenls lor approprlaleness, 8valuallng the business rallonale of signS1icanl Iransa¢llons outside the normal course ol busSn888 and revieing accounllng 8s11mates lor blas. Because of the inherent Ilmilatlons ol an audlt, there Is a rlsk that w8 wlll not detect all irregularllles, In¢ludSng those ading lo a malerlal rnisstalemenl in the financial slalemenls or non-compliance with regulation. This risk increases Ihe more that compliance with a law or regulation is removed Iroln the events and transactions reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance. Th8 risk is also groaler regarding Irregularllies ocGurrlng due lo fraud rather than error, as fraud involves inlenlional ooncealmenl, forgery, collusion. omisslon or misrepresenlalion. A further desoriplion of our responsibilities is available on Ihe FRC'S website al.. hll s.'Ilwww.Irc.or .uklaudilorslaudil- assurancelaudilor-s-res onsibililies-for-Ihe-audil-ol-Ihe-lildescri lion-ol-Ihe-audilorQ/.E2 /.8001.99s.re5 onsibililies-lor This description forms part of our auditor's report. We communicate with those Charged with governance regarding, among other mallers, tho planned scope and liming ol the audit and significant aud51 findings, including any significant deficiencies in Internal control that we Identify during our audit. Cawley Priory South Pallanl Chichester Wesl Sussex P019 7UY Geollrey ro BSclHonsl FCA (Senior Stalulory Audilorl For and on behalf of Blug Spire Limlled, SlalutOTy Audltor Dale /ld&trw >zS Page 14

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
1
Other trading activities
2
Investments
3
Charitable activities
4
Other
5
Total
EXPENDITURE ON:
Raising funds
6
Charitable activities
7
Total
Net Income/(expenditure)
Transfers between funds
17, 18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
17
Total funds carried forward
17		 General
Designated
£
£
23,814
-
12,543
-
5,708
-
1,825,403
-
18,764
-
1,886,232
-
1,017
-
1,965,070
-
1,966,087
-
(79,855)
-
123,094
(118,662)
43,239
(118,662)
919,161
2,507,875
962,400
2,389,213
Unrestricted Funds		 Restricted
Funds
£
18,771
-
-
-
-
18,771
-
13,376
13,376
5,395
(4,432)
963
40,275
41,238		 2022
Total
Funds
£
42,585
12,543
5,708
1,825,403
18,764
1,905,003
1,017
1,978,446
1,979,463
(74,460)
-
(74,460)
3,467,311
3,392,851		 2021
Total
Funds
£
51,832
82,340
3,567
1,463,850
195,260
1,796,849
399
1,774,226
1,774,625
22,224
-
22,224
3,445,087
3,467,311

None of the charity’s other activities were acquired or discontinued during the above two financial years.

The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

Page 15

FERRING COUNTRY CENTRE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Noto FIXED ASSETS Tanglble assels 12 2,389,213 2.407,875 CURRENT ASSETS Stock ol goods lor resale Debtors Cash al hand and h bank Total curront 8S88ts 14,813 68,549 1,080.810 1,164,172 14,123 60.823 1,133,054 1,208,000 13 CURRENT LIABIUTIES Creditors.. Bmounls falllng due wllhln one year 14 1fj0.534 148,564 Not Currènt a8￿1$1111abIl1tk$) 1,003,636 1,050,436 Net assotsllllablllllo51 3,392,851 3,487,311 THE FUNDS OFTHE CHARITY R8strf¢t8d funds 17 41.238 40,275 Unroslrlcted fund5 Fk<ed As88t r8S8rv8 Designated fvnds Genaral funds Total unrostrlcted fundB 17 17 17 2,389,213 2,407,875 11i0,WO 919,161 962,4(Kl 3,351.813 3.427,036 Totsl Gh#rlty fundi 17 3.392.851 3,467,311 Th￿• a¢counl$ hav0 been p￿par0d In a¢¢ord8n¢o ￿th Ihg provi8lons applicable lo Comp￿leS subject lo the umall companies, regime. The notes on pag8s 21 to 30 form part of these accounts. proved the tru8t8e8 8 Jun8 2ff23 and Èlgn8d on thèlr behalf. RoheftlA G RO￿1$ Ttu$lee- Gh8lrm8n Ferrlng Cvuntry Centre Llmltad Reglstgred charity no.: 297286 Regls¢er0d Company no.: 2086358 Page 16

FERRING COUNTRY CENTRE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

STATEMENT OF CASH FLOWS

£
£
Net cash flow from operating activities (see below)
104,358
Cash flow from investing activities
Payments to acquire tangible fixed assets
(164,657)
Proceeds on disposal of tangible fixed assets
2,347
Interest received
5,708
Net cash flow from investing activities
(156,602)
Net increase/(decrease) in cash and cash equivalents
(52,244)
Cash and cash equivalents at 1 January 2022
1,133,054
Cash and cash equivalents at 31 December 2022
1,080,810
Cash and cash equivalents consist of:
Cash at bank and in hand
1,080,810
Cash and cash equivalents at 31 December 2022
1,080,810
Reconciliation of net income to net cash flow from operating activities
£
£
Net income for the year
(74,460)
Adjusted for:
Interest receivable
(5,708)
Depreciation and impairment of tangible fixed assets
182,982
Loss/(profit) on disposal of tangible fixed assets
(2,010)
Decrease/(increase) in stock
(690)
Decrease/(increase) in debtors
(7,726)
Increase/(decrease) in creditors
11,970
178,818
104,358
2022
2022		 £
£
172,589
(91,073)
600
3,567
(86,906)
85,683
1,047,371
1,133,054
1,133,054
1,133,054
£
£
22,224
(3,567)
173,077
2,476
(5,709)
(40,881)
24,969
150,365
172,589
2021
2021		 £
£
172,589
(91,073)
600
3,567
(86,906)
85,683
1,047,371
1,133,054
1,133,054
1,133,054
£
£
22,224
(3,567)
173,077
2,476
(5,709)
(40,881)
24,969
150,365
172,589
2021
2021
172,589

Page 17

FERRING COUNTRY CENTRE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

ACCOUNTING POLICIES

General information, scope and basis of the financial statements

Ferring Country Centre Limited is a private company, limited by guarantee, incorporated in England with the company number 02086358. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office and principal place of business is Rife Way, Ferring, Worthing, West Sussex, BN12 5JZ and its operations are outlined in the trustees' report.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Incoming Resources Policy Notes

All incoming resources are included in the Statement of Financial Activities (SoFA) when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the Charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Income from government and other grants are recognised at fair value when the Charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Investment income is earned through holding assets such cash deposits and includes interest received. Interest income is recognised using the effective interest method, where material

Resources Expended Policy Notes

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Staff costs, support costs and governance costs

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. Staff costs have been allocated between costs of raising funds, charitable activities and governance costs on the basis of time spent by staff. Support costs cannot be directly attributed to particular headings and have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Support costs have been allocated to charitable activities on the best estimate of the use of those resources.

Governance costs are costs associated with the general running of the charity as opposed to the day to day activities Governance costs have been allocated to cost of charitable activities on the basis they form part of carrying out those activities.

Allocation of support costs and governance costs

Support costs and governance costs are allocated to the different activities within expenditure on charitable activities on the basis of the number of clients involved in each activity.

Page 18

FERRING COUNTRY CENTRE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

ACCOUNTING POLICIES

Employee benefits

When employees have rendered service to the Charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Pension costs

The charity operates defined contribution pension schemes. Contributions to the scheme are charged to the statement of financial activities on a payable basis.

Leases

Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.

VAT

The Charity is registered for VAT and operates on a partial exemption basis. Costs are recorded inclusive of VAT within the SOFA where they relate to exempt supplies with other irrecoverable amounts expensed as they arise.

Taxation

The charity is considered to pass the tests set out in sections 466 to 493 Corporation Tax Act 2010 (CTA 2010), as such no income tax is payable on the charity's activities.

Fixed Assets Policy Notes

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Assets in the course of construction - nil. Freehold buildings - 3.33%-5% per annum on cost. Freehold land - nil. Plant & machinery - 25% per annum on cost. Fixtures, fittings & equipment - 25% per annum on cost. Motor vehicles - 25% per annum on reducing balance basis.

Stock

Stocks of plants, associated materials and gift shop items for resale are shown in the balance sheet at the lower of cost and net realisable value.

Quantities of resources such as seeds, compost, animal feed, animal medicines and office stationery are purchased when required. Any balance of such items on hand at the accounting date are negligible and have not been valued or shown as stock.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Page 19

FERRING COUNTRY CENTRE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

ACCOUNTING POLICIES

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Funds Structure Policy Notes

Restricted funds

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the note 17 of these financial statements.

Unrestricted funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 20

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

1. Donations and legacies

1. Donations and legacies
Donations
Legacies
Donations
Legacies		 General
Designated
£
£
23,814
-
-
-
23,814
-
General
Designated
£
£
20,030
-
5,535
-
25,565
-
Unrestricted Funds
Unrestricted Funds		 Restricted
Funds
£
18,771
-
18,771
Restricted
Funds
£
21,267
5,000
26,267		 2022
Total
Funds
£
42,585
-
42,585
2021
Total
Funds
£
41,297
10,535
51,832

2. Other trading activities

2. Other trading activities
Fundraising event income
Other fundraising income
Fundraising event income
Other fundraising income		 General
Designated
£
£
2,049
-
10,494
-
12,543
-
General
Designated
£
£
1,841
-
79,417
-
81,258
-
Unrestricted Funds
Unrestricted Funds		 Restricted
Funds
£
-
-
-
Restricted
Funds
£
1,082
-
1,082		 2022
Total
Funds
£
2,049
10,494
12,543
2021
Total
Funds
£
2,923
79,417
82,340

3. Investments

Bank interest Bank interest

General
Designated
£
£
5,708
-
5,708
-
General
Designated
£
£
3,567
-
3,567
-
Unrestricted Funds
Unrestricted Funds		 Restricted
Funds
£
-
-
Restricted
Funds
£
-
-		 2022
Total
Funds
£
5,708
5,708
2021
Total
Funds
£
3,567
3,567

Page 21

FERRING COUNTRY CENTRE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

4. Income from charitable activities

4. Income from charitable activities
Services to beneficiaries
Riding school and Riding Therapy Unit
Horticulture
Catering Services
Small Animal Farm
Shop sales
Services to beneficiaries
Riding school and Riding Therapy Unit
Horticulture
Catering Services
Small Animal Farm
Shop sales		 General
Designated
£
£
1,074,310
-
182,194
-
77,008
-
341,115
-
118,810
-
31,966
-
1,825,403
-
General
Designated
£
£
909,254
-
96,970
-
91,220
-
239,144
-
100,109
-
27,153
-
1,463,850
-
Unrestricted Funds
Unrestricted Funds		 Restricted
Funds
£
-
-
-
-
-
-
-
Restricted
Funds
£
-
-
-
-
-
-
-		 2022
Total
Funds
£
1,074,310
182,194
77,008
341,115
118,810
31,966
1,825,403
2021
Total
Funds
£
909,254
96,970
91,220
239,144
100,109
27,153
1,463,850

5. Other incoming resources

5. Other incoming resources
Friends of Ferring Country Centre
Other miscellaneous income
Insurance claims
Profit on disposal of assets
Government COVID-19 support
Friends of Ferring Country Centre
Other miscellaneous income
Insurance claims
Profit on disposal of assets
Government COVID-19 support		 General
Designated
£
£
60
-
-
-
7,910
-
2,010
-
8,784
-
18,764
-
General
Designated
£
£
105
-
146
-
-
-
-
-
195,009
-
195,260
-
Unrestricted Funds
Unrestricted Funds		 Restricted
Funds
£
-
-
-
-
-
-
Restricted
Funds
£
-
-
-
-
-
-		 2022
Total
Funds
£
60
-
7,910
2,010
8,784
18,764
2021
Total
Funds
£
105
146
-
-
195,009
195,260

Page 22

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

6. Raising funds

Fundraising costs
Fundraising costs
7. Expenditure on charitable activities
Direct costs
Personnel costs
Depreciation
Disposal of fixed assets
Support costs (see note 8)
Direct costs
Personnel costs
Depreciation
Disposal of fixed assets
Support costs (see note 8)		 General
Designated
£
£
1,017
-
1,017
-
General
Designated
£
£
399
-
399
-
General
Designated
£
£
244,935
-
450,416
-
60,382
-
-
-
1,209,337
-
1,965,070
-
General
Designated
£
£
208,344
-
396,231
-
54,774
-
2,507
-
1,089,671
-
1,751,527
-
Unrestricted Funds
Unrestricted Funds
Unrestricted Funds
Unrestricted Funds		 Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
3,759
-
-
-
9,617
13,376
Restricted
Funds
£
4,379
-
-
-
18,320
22,699		 2022
Total
Funds
£
1,017
1,017
2021
Total
Funds
£
399
399
2022
Total
Funds
£
248,694
450,416
60,382
-
1,218,954
1,978,446
2021
Total
Funds
£
212,723
396,231
54,774
2,507
1,107,991
1,774,226

Page 23

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

8. Support costs

8. Support costs
Staffing costs
Premises costs
Governance and administrative costs
Depreciation
Client costs
Legal and professional fees
Staffing costs
Premises costs
Governance and administrative costs
Depreciation
Client costs
Legal and professional fees		 General
Designated
£
£
783,573
-
181,812
-
87,847
-
122,599
-
19,210
-
14,296
-
1,209,337
-
General
Designated
£
£
692,066
-
189,219
-
71,646
-
118,304
-
10,797
-
7,639
-
1,089,671
-
Unrestricted Funds
Unrestricted Funds		 Restricted
Funds
£
-
2,608
5,608
-
1,401
-
9,617
Restricted
Funds
£
-
14,388
3,200
-
732
-
18,320		 2022
Total
Funds
£
783,573
184,420
93,455
122,599
20,611
14,296
1,218,954
2021
Total
Funds
£
692,066
203,607
74,846
118,304
11,529
7,639
1,107,991

9. Auditors' remuneration

9. Auditors' remuneration
Audit
Payroll services
Audit
Payroll services		 General
Designated
£
£
5,250
-
1,800
-
7,050
-
General
Designated
£
£
5,250
-
1,800
-
7,050
-
Unrestricted Funds
Unrestricted Funds		 Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-
-		 2022
Total
Funds
£
5,250
1,800
7,050
2021
Total
Funds
£
5,250
1,800
7,050

Page 24

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

10. Wages and salary cost

Gross wages
Employer's national insurance costs (net of employment allowance)
Pension costs
Redundancy / Termination payments - Full and final settlement
Staff numbers:
Average head count
Analysed by function:
RTU and riding school
Horticulture
Café, shop, farm and visitor centre
Day service and client development
Facilities
Management and administration
Calculated on a full-time equivalent basis, analysed by function:
RTU and riding school
Horticulture
Café, shop, farm and visitor centre
Day service and client development
Facilities
Management and administration		 2022
Total
Funds
£
1,100,882
65,184
59,435
2,498
1,227,999
2022
79
6
3
32
29
5
4
79
4
2
13
23
3
4
49		 2021
Total
Funds
£
982,439
61,256
16,961
8,500
1,069,156
2021
68
6
2
25
27
4
4
68
4
2
13
20
3
4
46

There were no employees with emoluments (excluding employer pension costs) above £60,000 in this or the preceding year

The number of staff to whom retirement benefits are accruing under defined contribution schemes

RTU and riding school
Horticulture
Café, shop, farm and visitor centre
Day service and client development
Facilities
Management and administration		 2022
5
1
13
25
3
5
52		 2021
4
1
13
21
4
5
48

Defined contribution pension scheme

The charity operates a defined contribution pension scheme for its employees. Employer contributions to the scheme during the year under review amounted to £59,435 (2021: £16,961) with £5,949 (2021: £2,782) payable at the balance sheet date in respect of employer and employee contributions. Pension costs are allocated to charitable activities and support costs on the basis of the activities the employee is involved in.

No trustee received any remuneration from employment or other benefits with the charity during the year under review nor the comparative year.

During the year under review 5 (2021: 5) members of the charity's staff, identified as key management personnel, received employee benefits totalling £208,947 (2021: £195,367) consisting of salary and employer's pension contributions. The charity reimbursed expenses and met costs on behalf of key management personnel incurred during the fulfilment of their responsibilities in the year totalling £1,599 (2021: £2,016). The charity's key management personnel are included in the group life assurance plan for employees.

Page 25

FERRING COUNTRY CENTRE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

11. Related party transactions

Donations totalling £nil (2021: £50) were received from the charity's trustees in the form of donations without conditions attached. Donations totalling £180 (2021: £2,365) were received from the trustees with conditions attached in the year.

During the year under review four (2021: four) children of key management personnel were employed on a part time basis and received employee benefits totalling £51,460 (2021: £35,345) between them.

There were no other transactions with related parties that require disclosure in the financial statements.

12. Fixed assets

Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
Depreciation
Accumulated at 1 January 2022
Charge for the year
On disposals
At 31 December 2022
Net book value at 31 December 2022
Net book value at 31 December 2021		 Assets in
the course of
construction
£
-
3,413
-
3,413
-
-
-
-
3,413
-		 Land &
Buildings
£
3,274,367
40,979
-
3,315,346
1,040,590
101,725
-
1,142,315
2,173,031
2,233,777		 Plant &
Fixtures, Fittings
Motor
Machinery
& Equipment
Vehicles
£
£
£
252,370
213,075
47,785
60,714
59,551
-
(1,795)
-
-
311,289
272,626
47,785
203,759
101,377
33,996
32,830
44,980
3,447
(1,458)
-
-
235,131
146,357
37,443
76,158
126,269
10,342
48,611
111,698
13,789		 TOTAL
£
3,787,597
164,657
(1,795)
3,950,459
1,379,722
182,982
(1,458)
1,561,246
2,389,213
2,407,875

13. Debtors

Within one year
Trade debtors
Prepayments
Other debtors		 General
Designated
£
£
10,394
-
51,488
-
6,667
-
68,549
-
Unrestricted Funds		 Restricted
Funds
£
-
-
-
-		 2022
Total
Funds
£
10,394
51,488
6,667
68,549		 2021
Total
Funds
£
12,092
46,063
2,668
60,823

Page 26

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FERRING COUNTRY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

14. Creditors

Trade creditors
Other taxes and social security costs
VAT Payable
Accruals and deferred income		 General
Designated
£
£
31,028
-
19,929
-
62,846
-
46,731
-
160,534
-
Unrestricted Funds		 Restricted
Funds
£
-
-
-
-
-		 2022
Total
Funds
£
31,028
19,929
62,846
46,731
160,534		 2021
Total
Funds
£
26,312
16,575
50,034
55,643
148,564

15. Commitments under operating leases

15. Commitments under operating leases
In less than one year
Later than one year and not later than five years
At 31 December the charity had total minimum lease payments under operating leases in respect of
vehicles which expire as follows:		 2022
Total
Funds
£
3,059
-
3,059		 2021
Total
Funds
£
7,339
3,059
10,398

Total lease payments in relation to vehicles recognised as an expense in the year were £7,339.

In less than one year
later than one year and not later than five years
At 31 December the charity had total minimum lease payments under operating leases in respect of office
equipment which expire as follows:		 2022
Total
Funds
£
3,244
3,244
2,433
8,921		 2021
Total
Funds
£
3,244
3,244
5,677
12,165

Total lease payments in relation to office equipment recognised as an expense in the year were £3,244.

16. Analysis of net assets between funds

Tangible assets
Current assets
Current liabilities
Net current assets/(liabilities)
Current assets
Current liabilities		 General
Fixed Asset
Designated
£
£
£
-
2,389,213
-
1,122,934
-
-
(160,534)
-
-
962,400
2,389,213
-
General
Fixed Asset
Designated
£
£
£
-
2,407,875
-
1,067,725
-
100,000
(148,564)
-
-
919,161
2,407,875
100,000
Unrestricted Funds
Unrestricted Funds		 Restricted
Funds
£
-
41,238
-
41,238
Restricted
Funds
£
-
40,275
-
40,275		 2022
Total
Funds
£
2,389,213
1,164,172
(160,534)
3,392,851
2021
Total
Funds
£
2,407,875
1,208,000
(148,564)
3,467,311

Page 27

FERRING COUNTRY CENTRE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

17. Analysis of net movement in funds

17. Analysis of net movement in funds
Total funds
Total
Total
Transfers
brought
incoming
resources
between
forward
resources
expended
funds
£
£
£
£
Restricted funds
1
Café
644
-
-
(180)
Catering
585
-
-
-
Client
2,621
6,561
(1,401)
(4,432)
Farm
4,591
7,600
(113)
-
Horti
5,000
200
-
-
RTU
11,417
1,185
(3,702)
-
Woodwork Shop
1,535
-
(138)
-
Other restricted funds
13,882
3,225
(8,023)
180
40,275
18,771
(13,377)
(4,432)
Unrestricted funds
Fixed Asset reserve
2,407,875
-
-
(18,662)
2,407,875
-
-
(18,662)
Designated funds - The charity's trustees have designated funds for the following purposes:
COVID-19 client response
100,000
-
-
(100,000)
Total designated funds
100,000
-
-
(100,000)
General reserves
919,161
1,886,232
(1,966,087)
123,094
Total unrestricted funds
3,427,036
1,886,232
(1,966,087)
4,432
Total funds
3,467,311
1,905,003
(1,979,464)
-
Total funds
Total
Total
Transfers
brought
incoming
resources
between
forward
resources
expended
funds
£
£
£
£
Restricted funds
Café
8,644
-
(8,000)
-
Catering
585
-
-
-
Client
3,353
-
(732)
-
Farm
266
4,628
(303)
-
Horti
6
7,000
(909)
(1,097)
RTU
9,287
6,509
(4,379)
-
Woodwork Shop
6,612
-
(5,077)
-
Other restricted funds
7,969
9,212
(3,299)
-
36,722
27,349
(22,699)
(1,097)
Unrestricted funds
Fixed Asset reserve
2,492,955
-
-
(85,080)
2,492,955
-
-
(85,080)
Designated funds - The charity's trustees have designated funds for the following purposes:
COVID-19 client response
100,000
-
-
-
Total designated funds
100,000
-
-
-
General reserves
815,410
1,769,500
(1,751,926)
86,177
Total unrestricted funds
3,408,365
1,769,500
(1,751,926)
1,097
Total funds
3,445,087
1,796,849
(1,774,625)
-
Year ended 31 December 2021
Year ended 31 December 2022		 Year ended 31 December 2022
Total funds
carried
forward
£
464
585
3,349
12,078
5,200
8,900
1,397
9,264
41,237
2,389,213
2,389,213
-
-
962,400
3,351,613
3,392,850
Total
resources
expended
£
(8,000)
-
(732)
(303)
(909)
(4,379)
(5,077)
(3,299)
(22,699)
-
-
-
-
(1,751,926)
(1,751,926)
(1,774,625)		 Transfers
between
funds
£
-
-
-
-
(1,097)
-
-
-
(1,097)
(85,080)
(85,080)
-
-
86,177
1,097
-		 Total funds
carried
forward
£
644
585
2,621
4,591
5,000
11,417
1,535
13,882
40,275
2,407,875
2,407,875
100,000
100,000
919,161
3,427,036
3,467,311

Description of funds

Café

Funds received to support the charity’s Café which is open to the General Public as well as providing training and skills for our Day service customers.

Catering

Funds received to support the charity's Catering department provide the equipment that enables our Day Service Customers to learn and develop catering skills.

Client

Funds received to support the charity's Day Service Customers and enables them to learn and develop skills that they can use in everyday life.

Page 28

FERRING COUNTRY CENTRE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

Description of funds (continued)
Farm Funds received to support the charity's Dales Farm; allowing us to enhance the facilities to provide
training and opportunities to our Day Service Customers.
Horti Funds received to support the charity's Horticultural department by providing the tooling and other
provisions to enable our Day Service Customers to learn and develop skills.
RTU Funds received to support the charity's Riding Therapy Unit to allow us to support our Day Service
Customers and the Riders who attend the Centre to ride the horses as a beneficial therapy.
Woodwork Shop Funds received to support the charity's Woodwork shop allowing us to build, purchase tools and
supplies to enable our Day Service Customers in learning woodwork skills.
Other restricted funds Other funds received to support the charity in other restricted projects.
Fixed asset reserve Representing the balance of fixed assets held by the charity.
COVID-19 client response Funds have been designated by the trustees from reserves to improve and develop contact and
resources for the Centre's clients who have lost access during the COVID-19 pandemic.
18. Transfers between funds
From
To
General
Fixed Asset
Designated
£
£
£
Transfer 1
Client
Fixed Asset reserve
-
4,432
-
General reserves
Fixed Asset reserve
23,094
(23,094)
-
23,094
(18,662)
-
Transfer 2
COVID-19 client response
General reserves
100,000
-
(100,000)
100,000
-
(100,000)
123,094
(18,662)
(100,000)
Transfer from restricted funds and designated funds on acquisition of fixed assets and completion of projects.
Unrestricted Funds
Transfer from designated funds to unrestricted general funds as no longer required.		 Restricted
Funds
£
(4,432)
-
(4,432)
-
-
(4,432)

Page 29

FERRING COUNTRY CENTRE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS

19. Financial instruments

The carrying amounts of the charity's financial instruments are as follows:

Financial assets
Debt instruments measured at amortised cost:
Trade debtors
Financial liabilities
Measured at amortised cost:
Trade creditors		 2022
Total
Funds
£
10,394
10,394
31,028
31,028		 2021
Total
Funds
£
12,092
12,092
26,312
26,312

20. Comparative statement of financial activities

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
1
Other trading activities
2
Investments
3
Charitable activities
4
Other
5
Total
EXPENDITURE ON:
Raising funds
6
Charitable activities
7
Total
Net Income/(expenditure)
Transfers between funds
17, 18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
17
Total funds carried forward
17		 General
Designated
£
£
25,565
-
81,258
-
3,567
-
1,463,850
-
195,260
-
1,769,500
-
399
-
1,751,527
-
1,751,926
-
17,574
-
86,177
(85,080)
103,751
(85,080)
815,410
2,592,955
919,161
2,507,875
Unrestricted Funds		 Restricted
Funds
£
26,267
1,082
-
-
-
27,349
-
22,699
22,699
4,650
(1,097)
3,553
36,722
40,275		 2021
Total
Funds
£
51,832
82,340
3,567
1,463,850
195,260
1,796,849
399
1,774,226
1,774,625
22,224
-
22,224
3,445,087
3,467,311

Page 30

Ferring Country Centre Limited REPORT TO THE TRUSTEES Audit for the year ended 31 December 2022

Ferring Country Centre Limited Report to the trustees

Contents

Introduction and
terms of reference		 We set out the objectives of our audit, its scope and summarise our findings
Audit status and
timetable to We set out any matters required prior to completion of the audit and the timescale for these
completion
Independence We confirm our independence
Key accounting and
audit matters		 We discuss audit findings
Adjusted and
unadjusted
differences		 We set out any adjustments made during the course of our audit and any differences which remain unadjusted
Current technical
Developments		 We set out the current accounting, regulatory and corporate governance developments that are relevant to the charity.

Ferring Country Centre Limited Report to the trustees

Introduction and terms of reference

Introduction

Audit scope

The scope of our work, as agreed in our Engagement Letter, was to carry out an audit in accordance with International Standards on Auditing (UK and Ireland) of the charity’s financial statements prepared under United Kingdom Generally Accepted Accounting Practice (UK GAAP), Companies Act and the requirements of the Charities SORP.

In addition it was to form an opinion on whether:

We are also required to consider whether:

Ferring Country Centre Limited Report to the trustees

Introduction and terms of reference

Systems and controls

Fraud and error

Ferring Country Centre Limited Report to the trustees

Audit status and timetable to completion

Audit status

Timetable to completion

Ferring Country Centre Limited Report to the trustees

Independence

Under Auditing and Ethical Standards, we are required as auditors to confirm our independence to “those charged with governance”. In our opinion, and to be confirmed by you, we consider that for these purposes it is appropriate to designate the trustees as those charged with governance.

Our internal procedures are designed to ensure that all partners and professional staff are aware of relationships that may be considered to bear on our objectivity and independence as auditors. The principal statements of policies are set out in our firm-wide guidance. In addition, we have embedded the requirements of the standards in our methodologies, tools and internal training programmes.

The procedures require that audit engagement partners are made aware of any matters which may reasonably be thought to bear on the firm’s independence and the objectivity of the audit engagement partner and the audit staff. This document considers such matters in the context of our audit for the year ended 31 December 2022.

In addition to our audit work we have provided statutory accounts preparation services to the charity. This presents a potential threat to our independence as auditors as, in part, our audit work will be assessing the output of our accounts preparation services. During the year under review the provision of payroll services transferred to Blue Spire Limited. Similarly, to statutory accounts preparation this presents a potential independence threat. The payroll service is provided by individuals outside of the audit team and all judgements and decisions are taken by management.

Audit regulations recognise that, with smaller organisations such as your charity, a combination of services is often in the client’s best interests and so long as safeguards are in place no significant threat to audit independence arises. One of these safeguards is the existence of informed management who have been identified by the trustees as Hannah Tombs, Nicki King in addition to Linda Clark. We have discussed those safeguards with management and the chair of trustees and they have agreed that they are sufficient to mitigate any material threat to audit independence arising from the preparation, by us, of the statutory accounts for the charity.

We confirm that the firm complies with the APB Ethical Standards and, in our professional judgment, is independent and objective within the meaning of those standards

Ferring Country Centre Limited Report to the trustees

Key accounting and audit matters

Key audit areas

Description

Café operations and During the comparative financial year audit we raised a concern potential tax liability around the charity’s exposure to corporate tax through its café and assorted other trading activities and provided a backdrop to trading by charities and how a tax charge could be avoided.

We discussed this area in detail with management and a representative of those charged with governance with a focus on how the charity should respond to this risk which included:

Auditor response, any recommendations and our conclusion

As part of the audit for the year under review we made an assessment of this analysis and were able to satisfy ourselves over the risk of a tax charge of does not exist. We recommend the monitoring and review of this area is continued to ensure a tax charge does not arise and provide the opportunity to respond as necessary should it be anticipated one may.

Ferring Country Centre Limited Report to the trustees

Adjusted differences

Statement of financial activities Balance sheet Balance sheet
Expense Income Asset Liability
£ £ £ £
None

Please note we have not included adjustments provided by management or those which were agreed and made as part of the accounts preparation

Ferring Country Centre Limited Report to the trustees

Unadjusted differences – in excess of the clearly trivial figure

Statement of financial activities Balance sheet Balance sheet
Expense Income Asset Liability
£ £ £ £
1. None

Ferring Country Centre Limited Report to the trustees

Current developments

Title Summary Impact on
the charity
Updated guidance
from the Charity
Commission		 Internal financial controls for charities (CC8)
Updated by the Charity Commission on 26 April 2023, the guidance provides information on how
to manage a charity’s financial activity.
Manage financial difficulties in your charity from cost of living pressures
Guidance for the Commission related to financial difficulties in charities.
Charity Commission Annual Return 2023
Information on the new questions within the 2023 annual return. Please note this is in respect of
years ending on or after 01 January 2023.		 No specific impact, however useful
information.
Charities Act 2022 Guidance and reminders are available on the Charity Commission website setting out the phased
introductions of new rules and powers.
Changes from Spring 2023
•
Relaxation of rules around disposing of charity land
•
Use of permanent endowment with Commission within limits
•
Charity Commission has further powers around charity names.
Changes from 31 October 2022
•
Paying trustees for the provision of goods alone
•
Simpler requirements where charities raise too much or too little in fundraising appeals
•
Power to amend Royal Charters		 Points of note generally with limited
impact on Ferring Country Centre
Limited and its ongoing activities.