,SP,ITALFIFIDS ESTD1978 cITY,FAKMMrf ANNUAL REPDftT -4ACSDUNTS QOQI-Q ## contenTs |**`INTRODUCTION`**|| |---|---| |**`Report of the Trustees`**|**`3`**| |**`ANNUAL REVIEW`**|**`4`**| |**`Chair's report`**|**`5`**| |**`Animal welfare`**|**`6`**| |**`Education, children and young people`**|**`8`**| |**`Volunteer team challenge`**|**`10`**| |**`Horticulture`**|**`12`**| |**`Events`**|**`14`**| |**`Partnerships`**|**`16`**| |**`Our year in numbers`**|**`18`**| |**`REPORT AND ACCOUNTS`**|**`19`**| |**`Report of the Trustees continued`**|**`20`**| |**`Independent Examiner's Report`**|**`24`**| |**`Statement of Financial Activities`**|**`25`**| |**`Statement of Financial Position`**|**`26`**| |**`Notes to the Financial Statements`**|**`28`**| |**`Detailed Statement of`**|| |**`Financial Activities`**|**`38`**| ``` 2 ``` ## RePORT oF tHe trUSteeS FOR tHe YeAr enDeD 31 MaRcH 2022 **`The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the` financial statements of** **`the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting`** ``` and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`Objectives and aims`** `The principal activity of the charity in the year under review was that of running an inner-city farm for the` benefit of the inhabitants of Spitalfields and the surrounding `neighbourhood by utilising its facilities to provide education and volunteering activities for the community.` ## **Public benefit** The Trustees confirm that `they have complied with the duty in section 4 of the Charities Act 2011 to have` due regard to public benefit `guidance published by the Charities Commission in determining the activities undertaken by the Charity.` ``` Continues on p20 ``` ``` 3 ``` ## annUal review 'tHe SUpPORT For OUr mUcH-loved SPace HAS SHOne THrougH in THe Strong engAgement in OUr Services and THe new OPportunitieS and pArtnersHips THat HAve eMeRged.' ``` 4 ``` ## cHAiR'S RePORT 'tHe work OF OUr volUnteers and StaFF HAS been a real Stand OUT OveR THe pASt yeaR and HAS been TRuly aPpReciATed bY THe comMunity.' **`The Farm has emerged from the global pandemic stronger and with renewed vision and energy. The year was not without its challenges, with the roller coaster of Covid numbers and changing restrictions requiring` the team to be flexible and** **`agile to the ever-changing situation. The Farm has remained focused on the community and has continued to deliver for those most in` need during a difficult time.** ``` As restrictions lifted, the farm grasped the opportunity to reconnect with people in person, opening the farm quickly, rekindling longstanding relationships and developing exciting new ones. The support for our much-loved space has shone through in the strong engagement in our services and the new opportunities and partnerships that have emerged. ``` ``` The work of our volunteers and staff has been a real stand out over the past year and has been truly appreciated by the community. The gardens have been an absolute delight, providing a welcome sanctuary and productively delivering much needed healthy food and inspiration. The animals have brought joy and connection both on the farm and more broadly via our mobile farms. Through hard work and thoughtful improvements, the land entrusted to us has been ``` 'tHe StaFF, TRusTees and volUnteers collabORateD On THe developMenT OF a cleArer aRTicUlATiOn OF OUr viSiOn and StrATegY To deliver For THe comMunity.' significantly enhanced and `has been enjoyed by many.` ``` The staff, trustees and volunteers collaborated on the development of a clearer articulation of our vision and strategy to deliver for the community. It has been built on the heritage of the farm, creating a space for all, that empowers people to make a positive change to their lives, our community, and the planet. ``` ``` The Farm’s impact has seen strong endorsement from our community, funders, and local authorities with the development of exciting projects, such as the planned new community garden and site improvements which will amplify our impact for years to come. ``` ``` Neil Rodel, Chair of Trustees ``` ``` 5 ``` ## aniMal welFaRe "tHe cHildRen reallY enjoyed leaRning abOUT an aspect OF mAnUFActuRing and HiStORy THat THeY’d never encounTered beFore and all OF THe StaFF were more THan HApPy To anSweR THeir qUesTiOnS. spiTAlFielDS city FaRm is a FAntasTic reSouRce For OUr pUpils … wORksHops SUcH as THis One reallY HelP To bROAden THeir experienceS and enricHes THeir leaRning at ScHoOl." **`Teacher, St Anne's Primary School`** ``` 6 ``` ## aniMal welFaRe 'AnimAl cAre and welFaRe is at THe HeaRT OF eveRytHing we do, as a reSPecTed, and an inFluentiAl ORgAniSATiOn spiTAlFielDS FaRm is comMitTed To aDOPTing new SMall aniMalS FROM repUTAble reScue centreS, using aPpROPriate, HealTHy aniMalS On SiTe and in aniMal OUTReAcH pROjecTs.' ``` April 2021 was welcomed with easing government restrictions, being able to welcome the community and regular volunteers back to the farmyard. Holmes the pig in particularly enjoyed the attention of returning visitors. ``` `Schools were keen to book tour mobile farm service in lieu` of restrictions on usual field `trips. Of the 23 mobile farms we delivered in this period. 12 were to Primary Schools, 7 churches, 2 community centres, 1 synagogue, 1 nursery. These supported the farmyard income by over £10,000` `In June 2021 our cherished farm van broke down beyond reasonable repair. To maintain our service delivery a rental van was used during the remainder of the year, and a partnership with Hackney City farm has supported us in 2022. These have come with their` own financial and logistical ``` challenges which have impacted our ability to provide outreach at its full potential. Securing funds for a new vehicle is high on the farmyard wish list. ``` ``` The Farm's partnership with City Harvest, the food waste charity, grew to include receiving generous donations of cat, guinea pig, poultry, and rabbit food. Donations during this period are estimated to have saved over £1500 in animal feed costs. Further Donations from Lily's Kitchen and Amazon wish list donors have contributed over £400 of animal feed and equipment. At a time when feed and veterinary costs are increasing these are gratefully received. ``` `Animal care and welfare is at the heart of everything we do, as a respected, and` an influential organisation Spitalfields City Farm is `committed to adopting new small animals from reputable` ``` rescue centres, using appropriate, healthy animals on site and in animal outreach projects. ``` ``` The Farm adopted six new guinea pigs from Wood Green Animal Shelter during 2021. We welcomed Daisy, Rose, Calendula, Lily, Mapel, and Pumpkin as new residents to the popular Guinea Pig Village. Our animals help us to educate and increase awareness of the health and welfare issues for pets and food producing animals. ``` ``` Thanks to the long-standing support from the Worshipful Company of Woolmen we were able to offer free education sessions to two groups from a local primary school. This was a change to our usual open event, adhering to limitations on social gatherings in June 2021. It was such a success that we hope to replicate the style of the event next year to include more schools and activities. ``` ``` 7 ``` edUcATiOn, cHildRen & young peOPle "tHe acTiviTies were boTH eDucationAl and FUn. tHe StaFF delivered all acTiviTies To a HigH level. iT wAS verY inSPiRing For THe cHildRen To leaRn To coOk FROM ScrATcH using FResH ingReDientS FROM THe FArM. tHAnk you!" **`Farm 2 Fork Summer 2021, Parent`** ``` 8 ``` ## edUcATiOn, cHildRen & young peOPle **`It has been a challenging year for the education sector as a whole and this has been felt at the Farm. Covid has impacted our work with schools, restriction on movement and` schools' difficulties with staffing, have meant we have** **`not been able to welcome as many children to the farm as we would have wanted.`** ``` During this time, we focused our educational programme to work with those most local to the farm, with the aim of strengthening already existing partnerships within our community and engaging as many children, young people and families as possible in sustained and varied ways. ``` `In May 2021 we welcomed a new Educational Coordinator to reestablish the Farms children and young people's programme after Covid and help design an educational offer in line with a developing an overarching farm strategy to be implemented` over next three to five years. `With the easing of restrictions, our priority was to continue working with the two primary schools closest to the Farm, St Annes and Thomas Buxton, delivering weekly growing sessions, transforming dedicated growing spaces on the school grounds, into` flourishing vegetable gardens. ``` Next, we began to welcome school groups back to the farm for one off self-directed visits, guided tours and workshops. As well as our weekly 1:1 work experience sessions with Phoenix Special Educational Needs (SEN) students and weekly whole class visits from Lyceum School. ``` ``` We put a large focus on working with local children and families and the summer holidays were the perfect opportunity to welcome them back to the farm. Having spent the last 18 months inside, we delivered a jam packed and varied programme for all ages ``` ``` to encourage people to get outside again. Incorporating all aspects of farming, food, nature, and the outdoors, we delivered weekly cooking workshops, forest school activities, opportunities to interact with the animals and help care for our gardens. Storytelling, nature centred arts and craft activities and workshops focusing on ecology ``` ``` also featured heavily. After a hard year it was great to see children back at the Farm and many families attending multiple events, returning for our October and February half term activities. ``` ## **`ACHIEVEMENTS`** > `[110 hours of outdoor ] education, to over 1,500 children, from 30 schools` > `[Formed new relationships ] with Tower Hamlets Young Carers group, Museum of London and Hugh Myddelton Primary School.` > `[Piloted a Sheep & Wool Fair ] with 50 students from St Annes Primary School, teaching them about the process of wool from sheep to fabric, supporting curriculum learning about materials. Due to its success this will be a yearly event.` > `[Provided over 25 hours of ] work experience for young people with special educational needs.` > `[Delivered 48 hours of food ] workshops during the school holidays, providing 135 meals for local children and families` ``` 9 ``` ## volUnteer TeaM cHallenges 'AFteR mAnY montHs OF remoTe working, it wAS a joy FAciliTATing eMplOYeeS To meet eAcH OtHer in persOn in a SAFe and enjoyAble wAy.' ``` 10 ``` ## volUnteer TeaM cHallenges ``` The Farm adopts a social enterprise model to help generate much needed income. Part of our strategy includes leading paid volunteering days for organisations to help raise funds to subsidise our educational and community programmes, and the running costs of the Farm. These team building days are also integral in supporting us to maintain our 1.3 acre site. ``` `As the lockdown restrictions eased in early summer, we began welcoming Team Challenge groups back to the Farm. After many long months with people sporting wild pandemic hairstyles, the gardens were equally in need of some serious pruning and` weeding. The first to attend `were twenty enthusiastic staff and students from the American School in London, who embraced the tasks and were rewarded with a session of donkey grooming.` ``` As we moved into the warmer months, it was fantastic to see familiar faces and companies, including FSCS, Ascential, Sompo, Nomura, Equistone, Samsara, and Peel Hunt among others. The teams repaired picnic benches, painted fences, weeded and woodchipped pathways, harvested crops, bagged up manure, mucked out the stables and generally spruced up the Farm. We also continued working with the East London Business Alliance (ELBA), who organised a family volunteering day with Standard Chartered where the kids took charge digging out the muck heap! ``` ``` In September, it was all hands on deck to lead our largest ever Challenge Day with 70 volunteers from The Wise Group. The organisers had requested something special, so we took Bayleaf the donkey to collect them from a conference centre on Brick ``` ``` Lane and walk them back to the Farm. They helped us thoroughly sweep and weed the cobbled roads, scrub the Tree House, manure the raised beds and prepare the Farm for autumn. ``` `Momentum continued through until early December,` including a flurry of bookings `from our longstanding partners Salesforce once they were given the green light to resume in-person volunteering. Following a winter’s hibernation, Challenges began picking up again in March ready for the year ahead.` ## **`ACHIEVEMENTS`** > `[After many months of remote ] working, it was a joy facilitating employees to meet each other in person in a safe and enjoyable way.` > `[We formed new relationships ] with companies including IFF Research, The Worshipful Company of Actuaries, ISG, And Digital, AIG, Talbot, FNZ, Starling Bank, Newable and RG Construction.` > `[We successfully hosted our ] largest Team Challenge Day.` > `[We recruited and trained ] three of our Farm volunteers to lead paid Team Challenges sessions.` > `[Overall, we welcomed 43 ] teams and over 650 individuals – who have given 2,503 hours of volunteering to help us manage and improve` the Farm for the benefit `of the community.` ``` 11 ``` ## HORTicUltuRe 'we continued To gROw in all gArDen SPaces and reTUrn THeir conDition To THe HigH StandArD we mAinTAineD pRe pAnDeMic.' ``` 12 ``` ## HORTicUltuRe ``` This year saw a slow return to ‘normality’ as volunteers and staff returned to help with the gardens. We continued to grow in all garden spaces and return their condition to the high standard we maintained pre pandemic. We also worked hard to broaden the range of produce we grow to be inclusive of as many different cultures as possible. ``` ``` Lutfun, our Bangladeshi gardener returned from furlough and resumed growing world food for the local community with the intention to restart our famous ``` `‘Coriander Club’ as soon as` volunteers developed confidence `to return.` ``` In October 2021, the Farm successfully bid for funding to create a new community garden on a piece of underused land that abuts the main gate. Work on this project began in January with two public consultation days to ensure ``` ``` the garden is truly in step with community needs. ``` ``` The Farm also put together a proposal and won funding to establish a food forest of perennial crops in a wild area of the garden. We added trees, shrubs, herbs and perennials to a space that was already planted with a small number of old fruit trees to show our visitors new ways to grow edible produce, whilst increasing plant and animal diversity. This project will continue developing in year 2022/23. ``` `As pandemic restrictions lifted, a solid and fairly reliable group of garden volunteers was formed who have mostly continued to work with us. On occasion we include special needs volunteers working alongside this group,` which benefits all. ``` Corporate volunteers have returned in good numbers and ``` often ask specifically for `garden projects. This has been particularly helpful in clearing up after` ``` unavoidable pandemic neglect and in the preparation of the food forest area. ``` ``` Along with fresh produce we continued to develop a range of preserves, pickles, cordials and other edible products to sell in the farm shop. We intend to develop the farm brand further in the next year. ``` ## **`ACHIEVEMENTS`** ``` Secured funding from the Mayor of London’s (GLA) Grow Back Greener Fund to create new community garden space. ``` ``` £2,000 funding to create educational forest garden from Abrdn and other partners ``` ``` Expansion of crop range to show edibles for harvesting 365 days per year. Including new vegetables never before grown at the farm. ``` ``` We won best bouquet in the London Farm Harvest Festival Show and were runners up in best seasonal display of vegetables ``` ``` 13 ``` ## evenTs 'nOt OnlY is venUe Hire an iMportanT SouRce OF income For THe FaRm, it alSo giveS us THe OPportunity To SHaRe OUr glORious gArDenS and aniMalS and SHOwcASe THe wonDeRFUl work THat we do. ' ``` 14 ``` ## evenTs **We were thrilled to finally** **`open up our beautiful site for events again. Alongside a busy stream of children’s birthday parties, we hosted two weddings where we transformed the Farm into a veritable fairytale.`** `Over the summer months, Nest Collective returned to running their magical` Campfire Club, with an `eclectic line up of folk and world musicians taking the stage. The global gig organisers Sofar Sounds also got in on the outdoor music action for one of their events.` ``` In August, the national disability charity Sense took over the tents and gardens for their fantastic Thrive festival, creating a safe and joyful celebration for the young people they support, many of whom had been shielding throughout the pandemic. ``` `We had a multisensory evening, beginning with a mindful yoga session led by our long-time farm friend Luisa Demant, followed by a light meal in the Community Garden surrounded by` sunflowers and a natural wine `tasting session with Fernando from Otros Vinos.` `Mike’s Table ran two supper clubs creating delicious menus using surplus food supplied by City Harvest. The` first event was ticketed which `funded the second evening for our community partners. As well as these private events, the Farm also received funding from the council to host two free supper` gatherings: the first aimed at `staff and volunteers and the second for local residents and partners. Simone who runs The Rosebery Tea Hut did the catering, treating` us all to gorgeous Goan fish `and vegetarian curries using fresh Farm produce.` ``` Not only is venue hire an important source of income for the Farm, it also gives us the opportunity to share ``` ``` our glorious gardens and animals and showcase the wonderful work that we do. ``` ``` 15 ``` pArtnersHips 'Due To OUr gReAT working relATiOnSHiP, One OF OUr ScHoOl’S ‘SPOnSor a ponD’ SPOnSorsHips FUnDeD THe reStORation and volUnteer workdAys On THe grASs PatH POnd in 2021.' ``` 16 ``` ## PaRTneRSHiPS ``` The London team of Froglife, a national wildlife conservation charity, have been based at the Farm for the past 4 years. ``` `Froglife’s relationship with the farm began with a successful joint bid for pond management volunteer sessions from Awards for All back in 2017, plus the creation of the great crested newt mural (found near the gate to the farmyard). After this successful project, Froglife’s London team moved into the` farm office and Spitalfields `City Farm became Froglife’s London base of operations from January 2018 until March 2022.` ``` During this time the London Tails of Amphibian Discovery (T.O.A.D) project, funded by the National Lottery Heritage Fund, engaged 96,650 people in just under 400 activities. Educational activities that ranged from converting leisure centre swimming pools into ‘ponds’ to leading drama ``` `workshops in schools to teach about threats to amphibians. Some of these activities took place at the farm, including the creation and subsequent tour of the Toad Tapestry in which local farm patrons added` their own creative flair to `represent Tower Hamlets and pop-up virtual reality stands at the farm’s major events like the Goat Race and Open Farms weekend.` `If you are a regular visitor to the farm, I’d suggest you take a brief pause at the pond on the pathway up the teahut and watch for the life under the surface, and then explore` the rest of the farm to find `the other ponds or areas that have been made for wildlife` to thrive. Spitalfields City `Farm is a special place for wildlife, a green and natural oasis for many species to call home, nestled between a very built-up urban area. For Froglife’s target species, the farm is ideal. You can` find Common Frogs, Smooth `Newts, Great Crested Newts and occasionally Common Toads on site, ranging from the community garden all the way up the compost heaps. Great Crested Newts2 are a European Protected Species, meaning there is additional legislation given to them to protect them from declining further across Europe, and` this is significant for the `Farm as they are rarer in` `urban areas so it really is` a special animal to find in `their ponds.` `Due to our great working relationship, one of our school’s ‘sponsor a pond’ sponsorships funded the restoration and volunteer workdays on the Grass Path Pond in 2021. In addition to this, it has been wonderful to work with the volunteers and work experience students and share some of the wildlife` gems we would find on site or `at the ponds.` `The partnership has been wonderful and the farm staff` (and office cats, of course) `have certainly felt like an extended team to the Froglife London team, so it has been sad to say goodbye. Froglife will still be active in London, but for the next project mainly focusing on areas south of the river, so we will make sure to pop by when we can!` ``` 17 ``` ## SPitalFields ciTY FArM in nUmbeRS 43 TeaMS welcOMeD and OveR 650 individUalS – wHO HAve given 2,503 HouRS OF volUnteering 110 HouRS OF OUTDOor eDucation, To OveR 1,500 cHildRen, FROM 30 ScHoOlS 4 yeaRS as bASe For THe experience For young peOPle 25 HouRS OF work lonDOn TeaM OF FROgliFe wiTH SPeciAl eDucationAl neeDS 365 dAys a yeaR HArvesTing poSsible THrougH OUr newly-expAnDeD cROP rAnges 48 HouRS OF workSHOPS dUring THe ScHoOl HolidAys, pROviDing 135 mealS For locAl cHildRen and FAmilies £1,900 in aniMal FeeD and equipMenT coStS esTimATed To HAve been SAved TROUgH donATiOnS 23 mobile FArM Services delivered SUpPORTed THe FArMyArD income bY OveR £10,000 ``` 18 ``` ## RePORT oF tHe trUSteeS continued and FinAnciAl report and accounTs ``` 19 ``` ## RePORT oF tHe trUSteeS continued FOR tHe YeAr enDeD 31 MaRcH 2022 ## FinAnciAl review ## **`RESULTS FOR THE YEAR FINANCIAL REVIEW`** ``` The result for the year ended 31 March 2022 was a surplus of £23,765 (2021: surplus £112,692). ``` ## **`INCOME`** `Total income for the year amounted to £267,595 (2021: £321,460) The Farm was heavily reliant on grant` income for this financial `year, with 50% coming from grants. As the impact of the pandemic eases, we` are hoping to significantly `reduce this and return to more varied lines of income.` ## **`EXPENDITURE`** ``` Total expenditure for the year was £243,830 (2021: £208,768). ``` ## **`FUNDS`** ``` The Farm's funds at 31 March 2022 amounted to £236,175 (2021: £212,410), of which £134,954 (2021: £128,908) was unrestricted funds and £101,221(2021: £83,502) is restricted. ``` ## **`GRANTS AND DONATIONS`** ``` Thank you to the following funders who generously supported our work over the year. ``` `London Borough of Tower Hamlets; Jack Petchey Foundation; Tower Hill` Trust; Wakefield + Tetley `Trust; Ince Group Charitable` Foundation; Allen + Overy `Charitable Foundation; CMS Social Investment Fund; East End Community Foundation; Worshipful Company of Horner's Charity Fund; Worshipful Company of Actuaries; Worshipful Company of Accountants; Worshipful Company of Parish Clerks; Worshipful Company of Insurers; Worshipful Company of Woolmen; The Guild of Freeman of the City of London; The Childhood Trust; Arnold Clark Community Fund; Abrdn Asset Management; The Childhood Trust; Greater London Authority (Grow Back Greener Fund).` ``` Thank you to the companies who either attended our team challenge volunteering programme in person, or who supported the Farm by making donations or pre-paid for future volunteering days. ``` ``` American School in London; FSCS; Nomura; Sompo; Ascential; Standard Charter; Sitecore; Equistone; Samsara; Peel Hunt; ISG; IFF; AND Digital; Nurven; Talbot Underwriting; Nomura; Ince; Habito; RG Construction; Abrdn; Newable; FNZ; Starling Bank. ``` ``` Thank you to the companies who donated to our successful 'Champions for Children' online fundraising campaign; dropped coins into our donation boxes; used the contactless donation machine; contributed via payroll giving; held a children's party or an event at the Farm; bought our produce or something from the shop. ``` ## **`INVESTMENTS`** ``` The Farm does not hold any investments. ``` ## **`RESERVES POLICY`** `Unrestricted reserves at March 31 2022 were £134,954 (2021: £87,513). The Farm's Trustees and management will consider the level of reserves that` is prudent for Spitalfields `City Farm to have when agreeing an annual budget. Consideration will be given to future strategy, potential redundancy liabilities, and any` other significant factors `that should be taken into account were the Farm to` close. The specific reserves `policy including any designation of reserves for` specific purposes will be `agreed by trustees on an annual basis. The trustees` of Spitalfields City Farm will keep these financial `controls under review.` ``` 20 ``` ## RePORT oF tHe trUSteeS FOR tHe YeAr enDeD 31 MaRcH 2022 ## FutuRe PlAns ``` This year we developed a new strategy which presents a vision for the Farm and our services for the period 2022 to 2025. It outlines our aims, objectives and priorities. It was the culmination of a period of consultation with our staff, volunteers and trustees during 2021, the purpose of which was to create a shared vision of how our city farm can better serve the local community, visitors and other stakeholders: A common vision for where we are going based on everyone having a say. ``` ## sTRucTUre, gOveRnAnce AnD ManageMenT ## **`GOVERNING DOCUMENT`** ## Spitalfields Farm `Association is a registered Charity established as a company limited by guarantee. The objects of the Charity and its governance provisions are set out in the Articles of Association, which were adopted by the Farm's Board on 16 February 2011. The Trustees have had regard to the Charity Commission's guidance on` public benefit. ## **`RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES`** ``` The Directors of the Charity (the Board of ``` `Trustees) are usually appointed from residents or persons working within the Borough of Tower Hamlets or the City of London. Trustees are expected to take a particular interest in` a specific area of the `Farm's activities and/ or to have a relevant professional expertise.` `Governance is undertaken by means of monthly Trustee Board Meetings at which reports are presented for discussion and decisions taken on the various aspects of the Farm's work together` with the latest financial `information, health and safety matters and other governance issues. A system of internal controls is in operation at the Farm with regard to` all financial operations. `A series of written policies has been adopted and is in operation to govern operational matters.` ## **`ORGANISATION AND REPORTING`** ## **`AT THE FARM`** ``` Farm operations and strategy are overseen by the Chief Executive. Departmental Co-ordinators oversee the project activities and report to the Chief Executive. ``` ``` The Trustees meet monthly with the Chief Executive and one or more staff ``` `members, on a rotational basis. Trustees reserve` the final decision on major `capital expenditure and strategic decisions.` ## **`OTHER CHARITIES AND RELATED PARTIES`** ``` There were no relationships between the charity and related parties that required disclosure. ``` `The Farm was a member of the following organisations as this was` considered beneficial to `achieving our objectives:` ``` Rare Breeds Survival Trust; East London Business Alliance; Social Farms & Gardens; London Youth; National Council of Voluntary Organisations; Volunteer Centre Tower Hamlets; Tower Hamlets Council for Voluntary Services. ``` ## **`REMUNERATION POLICY`** ``` All staff salaries including key staff are reviewed annually as part of the Farm's Remuneration policy. The Chief Executive's appraisal is conducted by the Chair of Trustees. The Board of Trustees recently undertook a comprehensive review and benchmarking analysis of all salaries for parity across the staff roles and pay levels. ``` ``` 21 ``` ## RePORT oF tHe trUSteeS FOR tHe YeAr enDeD 31 MaRcH 2022 ## **`RISK MANAGEMENT`** ``` The Board has examined the principal areas of the Farm's operations and considered the major risks which may arise in each of these areas. ``` `In the opinion of the Trustees, the Farm has established resources and review systems which, under normal conditions, should allow the risks` identified by them to be `mitigated to an acceptable level in its day-to-day operations.` ``` The major risks are: ``` - **`Financial risks:`** `that applications for grants or donations may not be forthcoming` - **`Reputational risks:`** `that animal infections, accident or injury on site may close the farm temporarily therefore donations may be restricted and, in an` extreme case, significant `reputational damage and/ or legal liability may be incurred.` - **`Staff risks:`** `a reliance` - `on key members of staff` `The Farm utilised a risk register to review and monitor various operational risks. The Farm has systems to give early warning of` financial shortfalls, and `regularly reviews its operating policies. The Farm maintains good contact with the necessary governmental departments on animal husbandry, regulations and restrictions, liaises extensively with the local council's health` and safety officers, and has `conducted a comprehensive review of its washing` facilities, fire safety `policy and information boards/warning signs.` ``` 22 ``` ## RePORT oF tHe trUSteeS FOR tHe YeAr enDeD 31 MaRcH 2022 ## ReFeRence AnD AdMinisTRative Details ## **`REGISTERED COMPANY NUMBER`** ``` 02021898 (England and Wales) ``` ## **`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: ``` ## **`COMPANY SECRETARY`** ``` Alexander Michael Davidson ``` ## **`CHIEF EXECUTIVE OFFICER`** ``` Philip Nichols ``` ## **`REGISTERED CHARITY NUMBER`** ``` Neil Stuart Rodel Chair ``` ## **`INDEPENDENT EXAMINER`** ``` 299536 ``` ## **`REGISTERED OFFICE`** ``` Buxton Street E1 5AR ``` ``` Vivian Chan Resigned 5th April 2022 ``` ``` Amaya Jasmin Wang ``` ``` Alexander Michael Davidson ``` ``` Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford, Essex IG2 6HY ``` ## inDePendent eXAminers ``` Graham Thomas Morgan ``` ``` Deepa Sekar Resigned 22nd Feb 2022 ``` ``` Prestons & Jacksons Partnership LLP were appointed as independent examiners to the charitable company during the year. ``` ``` Michael Richard Woods ``` ``` Harold John Critchley Appointed 24th November 2021 ``` ``` Momotaz Begum Appointed 23rd May 2022 ``` ``` Approved by order of the board of trustees on November 16 2022 and signed on its behalf by: ``` ``` signature ``` ``` Zoe E Leadley-Meade Appointed 20th May 2022 ``` ``` name ``` ``` 23 ``` ## inDePendent eXAminer's RePORT ## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPITALFIELDS FARM ASSOCIATION LIMITED ('THE COMPANY')`** ``` I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022. ``` ## **`RESPONSIBILITIES AND BASIS OF REPORT`** ``` As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). ``` Having satisfied myself that `the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.` ## **`INDEPENDENT EXAMINER'S STATEMENT`** `Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body.` I can confirm that I am qualified to undertake the `examination because I am a registered member of ICAEW which is one of the listed bodies.` `I have completed my` examination. I confirm `that no matters have come to my attention in connection with the examination giving me cause to believe:` - **`1`** `accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or` - **`2`** `the accounts do not accord with those records; or` - **`3`** `the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or` - **`4`** `the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).` ``` 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. ``` ``` Mr A Patel BA (Hons), BFP, FCA ICAEW Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford Essex IG2 6HY ``` ``` Date: November 16 2022 ``` ``` 24 ``` ## sTATement oF Financial ActivitieS (incORporATing An incOMe AnD eXPendiTUre AccOUnt) FOR tHe YeAr enDeD 31 MaRcH 2022 |**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Horticulture`
`Education`
`Volunteering`
`Team Challenges`
`Other trading activities`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`CHARITABLE ACTIVITIES`**
`Charitable activity`
**`Total`**
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
`Notes`
`2`
`3`
`4`|`72,033`
`10,362`
`32,191`
`-`
`41,270`
`31,433`
`14`
`187,303`
`9,923`
`171,334`
`181,257`
`6,046`
`128,908`
`134,954`
`Unrestricted`
`fund`
`£`|`Restricted`
`fund`
`£`
`60,477`
`-`
`13,115`
`6,700`
`-`
`-`
`-`
`80,292`
`21,491`
`41,082`
`62,573`
`17,719`
`83,502`
`101,221`|**`31.3.22`**
**`Total`**
**`funds`**
**`£`**
**`132,510`**
**`10,362`**
**`45,306`**
**`6,700`**
**`41,270`**
**`31,433`**
**`14`**
**`267,595`**
**`31,414`**
**`212,416`**
**`243,830`**
**`23,765`**
**`212,410`**
**`236,175`**|`31.3.21`
`Total`
`funds`
`£`
`267,695`
`3,334`
`25,000`
`-`
`5,216`
`20,191`
`24`| |---|---|---|---|---| |||||`321,460`| |||||`17,216`
`191,552`| |||||`208,768`| |||||`112,692`
`99,718`| |||||`212,410`| _The notes form part of these financial statements_ ``` 25 ``` ## sTATement oF Financial poSiTiOn 31 MaRcH 2022 |**`FIXED ASSETS`**
`Tangible assets`
**`CURRENT ASSETS`**
`Biological Assets`
`Debtors`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**
`Notes`
`11`
`12`
`13`
`14`
`16`|**`31.3.22`**
**`£`**
`31.3.21`
`£`
**`-`**
**`5,595`**
**`9,403`**
**`262,369`**
**`277,367`**
**`(41,192)`**
**`236,175`**
**`236,175`**
**`236,175`**
**`134,954`**
**`101,221`**
**`236,175`**
`3,024`
`5,797`
`5,019`
`213,609`
`224,425`
`(15,039)`
`209,386`
`212,410`
`212,410`
`128,908`
`83,502`
`212,410`| |---|---| _The notes form part of these financial statements_ ``` 26 ``` ## sTATement oF Financial POsition 31 MaRcH 2022 continued ``` The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022. ``` `The members have not required the company to obtain an audit of its` financial statements for `the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.` ``` The trustees acknowledge their responsibilities for ``` ## **`a`** `ensuring that the` ``` charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and ``` **`b`** preparing financial `statements which give a true and fair view of the state of affairs of the charitable company as at the end of each` financial year and of its surplus or deficit for each financial year `in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006` relating to financial `statements, so far as applicable to the charitable company.` These financial statements `have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.` The financial statements `were approved by the Board of Trustees and authorised for issue on November 16 2022 and were signed on its behalf by:` ## `Trustee` ``` signature ``` _The notes form part of these financial statements_ ``` 27 ``` ## nOtes tO tHe Financial sTATementS FOR tHe YeAr enDeD 31 MaRcH 2022 ## 1. AccOUnting POlicieS ## **`BASIS OF PREPARING THE FINANCIAL STATEMENTS`** The financial statements of `the charitable company,` which is a public benefit `entity under FRS 102, h ave been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.` The financial statements `have been prepared under the historical cost convention.` ## **`GOING CONCERN AND IMPACT OF COVID 19`** `The Farm's work continues to attract endorsement through attendance of their events, programmes and sponsorships grants and/ or donations. From the` financial position, `the Board is comfortable that the Farm is a viable going concern.` ``` As a result of this, the accounts have been prepared on a going concern basis. ``` ## **`INCOME`** ``` All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ``` `Donations are recognised when the charity has been` notified in writing of both `the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully` met, or the fulfilment of `those condition is wholly within the control of the charity and is probable that those conditions` will be fulfilled in the `reporting period.` `Donated professional services and donated facilities are recognised as income when the charitable company 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 charitable` `company of the item, is probable and the economic` benefit can be measured `reliably. In accordance with the charities SORP (FRS102), general volunteer time is not recognised.` `On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charitable company which is the amount the charitable company 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.` ## **`EXPENDITURE`** `Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer` of economic benefits will `be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has` been classified under `headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular` ``` 28 ``` ## nOtes tO tHe Financial sTATementS continued ``` headings they have been allocated to activities on a basis consistent with the use of resources. ``` ``` cost and net realisable value, after making due allowance for obsolete and slow moving items. ``` ## **`ALLOCATION OF SUPPORT COSTS`** ## **`TAXATION`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ``` Support costs are those functions that assist the work of the charitable company but do not directly undertake charitable activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the following basis: ``` ## **`FUND ACCOUNTING`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` `Restricted funds can only` **`Allocation of support costs`** `be used for particular restricted purposes within • Raising Funds - 14% the objects of the charity. • Charitable Activities - Restrictions arise when 86.0%` specified by the donor or `when funds are raised for particular restricted` **Tangible fixed assets** `purposes.` ``` Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ``` `Further explanation of the nature and purpose of each fund is included in` the notes to the financial `statements.` ``` Improvements to property - 10% on cost ``` ## **`PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS`** ``` Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities according to the percentage used for support costs. ``` `The charitable company` operates a defined ``` contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ``` ## **`BIOLOGICAL ASSETS`** ``` Biological assets are valued at the lower of ``` `The charitable company` operates a defined `contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. Pension costs charged in the` financial statements `represent the contribution payable by the charitable company during the year.` ## **`DONATED GOODS AND SERVICES`** `Donated professional services and donated facilities are recognised as income when the charitable company 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 charitable company of the item, is probable` and the economic benefit `can be measured reliably. In accordance with the charities SORP (FRS102), general volunteer time is not recognised.` `On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charitable company which is the amount the charitable company 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.` ``` 29 ``` ## nOtes tO tHe Financial sTATementS continued ## **`DEBTORS`** Basic financial assets, `including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes` a financing transaction, `where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.` `Cash and Cash Equivalents Cash and cash equivalents are represented by cash in hand, deposits held` at call with financial `institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash` with insignificant risk of `change in value.` ## **`CREDITORS`** ## Basic financial `liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes` a financing transaction, `where the debt instrument` ``` is measured at the present value of the suture payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment. ``` ## **`FINANCIAL INSTRUMENTS`** `The company only enters` into basic financial `instruments transactions that result in the` recognition of financial `assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in nonputtable ordinary shares.` ``` 30 ``` ## nOtes tO tHe Financial sTATementS continued ## 2. DOnations AnD legacieS |`Donations`
`Grants`
`Grants received, included in the above,`
`are as follows:`
`Grants less than £5,000`
`The Heritage Lottery Community Fund`
`LB of Tower Hamlets`
`Mayors for London`
`Jack Petchey Foundation`
`HMRC Job Retention Scheme`
`CAF Resilience Fund`
`The Sun Newspaper 50 Years Readers Fund`
`The Ince Group Charitable Foundation`
`Tower Hill Trust`
Wakefeld & Tetley Trust
`The London Community Response Fund`
`CMS Social Impact Fund`
`East End Community Foundation`
`The Hornes' Charity Fund`
`The Graduate Company`
`Coronavirus Business Interruption Grant`
3. oTHeR trAding ActivitieS
`Horticultural activities and farm sales`
`Fundraising activities and Events`
`Deposit account interest`
4. invesTMenT incOMe|**`31.3.22`**
**`£`**
**`58,751`**
**`73,759`**
**`132,510`**
**`31.3.22`**
**`£`**
**`3,501`**
**`-`**
**`3,000`**
**`10,947`**
**`3,283`**
**`5,801`**
**`-`**
**`-`**
**`-`**
**`7,775`**
**`5,000`**
**`-`**
**`5,000`**
**`2,654`**
**`5,000`**
**`5,798`**
**`16,000`**
**`73,759`**
**`31.3.22`**
**`£`**
**`15`**
**`31,418`**
**`31,433`**
**`31.3.22`**
**`£`**
**`14`**|`31.3.21`
`£`
`89,929`| |---|---|---| |||`177,766`| |||`267,695`| |||`31.3.21`
`£`
`2,900`
`32,100`
`42,136`
`-`
`-`
`20,800`
`36,380`
`10,000`
`5,450`
`5,500`
`6,000`
`16,500`
`-`
`-`
`-`
`-`
`-`| |||`177,766`| |||`31.3.21`
`£`
`1,406`| |||`18,785`| |||`20,191`| |||`31.3.21`
`£`
`24`| ``` 31 ``` ## nOtes tO tHe Financial sTATementS continued ## 5. incOMe From cHAriTAble ActivitieS |**`Activity`**
`Grants`
`Horticulture`
`Grants`
`Education`
`Grants`
`Volunteering`
`Grants`
`Team Challenges`|**`31.3.22`**
**`£`**
**`10,362`**
**`45,306`**
**`6,700`**
**`41,270`**
**`103,638`**|`31.3.21`
`£`
`3,334`
`25,000`
`-`
`5,216`| |---|---|---| |||`33,550`| ``` Grants received, included in the above, are as follows: ``` |`Grants less than £5,000`
`Allen & Overy Foundation`
`Mayors for London`
`Jack Petchey Foundation`
`Sales`
`Contract Income`
`Mobile Farm Filming and Appearances`
`Tower Hamlets Holiday Fund`
`Kitchen Social Project`
`East End Community Foundation`
`Team Challenges`|**`31.3.22`**
**`£`**
**`750`**
**`1,250`**
**`1,600`**
**`1,700`**
**`13,099`**
**`27,034`**
**`11,935`**
**`-`**
**`-`**
**`5,000`**
**`41,270`**
**`103,638`**
`31.3.21`
`£`
`-`
`-`
`-`
`-`
`3,504`
`9,800`
`3,422`
`2,443`
`9,165`
`-`
`5,216`
`33,550`| |---|---| ## 6. net incOMe/(eXPendiTUre) |`Net income/(expenditure) is stated after`|**`31.3.22`**|`31.3.21`| |---|---|---| |`charging/(crediting):`|**`£`**|`£`| |`Depreciation - owned assets`|**`3,024`**|`2,770`| |`Independent Examiners Fees`|**`2,200`**|`2,100`| ## 7. trUSteeS' ReMuneRation AnD beneFitS There were no trustees' remuneration or other benefits for the year ended `31 March 2022 nor for the year ended 31 March 2021.` ## **`TRUSTEES' EXPENSES`** ``` There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ``` ``` 32 ``` ## nOtes tO tHe Financial sTATementS continued ## 8. sTAFF cOsTs |`181,330`
`3,334`
`5,922`
`5,216`
`19,941`
`24`
`215,767`
`13,820`
`152,766`
`166,586`
`49,181`
`79,727`
`128,908`
`Wages and salaries`
`Other pension costs`
`The average monthly number of employees`
`during the year was as follows:`
`Full Time Equivalent`
`Average Head Count`
**`31.3.22`**
**`£`**
**`147,775`**
**`2,360`**
**`150,135`**
`31.3.21`
`£`
`161,914`
`1,851`
`163,765`
**`31.3.22`**
**`£`**
**`7`**
**`10`**
**`17`**
`31.3.21`
`£`
`7`
`13`
`20`
9. cOMpArATiveS FOR tHe sTATement oF
Financial ActivitieS 31.3.2021
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Horticulture`
`Education`
`Team Challenges`
`Other trading activities`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`CHARITABLE ACTIVITIES`**
`Charitable activity`
**`Total`**
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
**`TOTAL FUNDS BROUGHT FORWARD`**
**`TOTAL FUNDS CARRIED FORWARD`**
`Unrestricted`
`fund` `£`
`Restricted`
`fund £`
`86,365`
`-`
`19,078`
`-`
`250`
`-`
`105,693`
`3,396`
`38,786`
`42,182`
`63,511`
`19,991`
`83,502`|`Total`
`funds £`
`267,695`
`3,334`
`25,000`
`5,216`
`20,191`
`24`| |---|---| ||`321,460`| ||`17,216`
`191,552`| ||`208,768`| ||`112,692`
`99,718`| ||`212,410`| ``` 33 ``` ## nOtes tO tHe Financial sTATementS continued ## 10. keY ManageMenT PeRSonnel The Key Management Personnel comprise the Chief Executive Officer. Total remuneration `paid to the key management personnel during the year was £37,070 (2021: £34,912).` ## 11. tangible FixeD ASsetS |**`31.3.22`**
**`£`**
**`5,595`**
`31.3.21`
`£`
`5,797`
`330,579`
`327,554`
`3,025`
`330,579`
`-`
`3,025`
`Improvements`
`to property`
`£`
`Fixtures and`
fttings
`£`
`34,474`
`34,475`
`(1)`
`34,474`
-
(1)
**`COST`**
`At 1 April 2021 and 31 March 2022`
**`DEPRECIATION`**
`At 1 April 2021`
`Charge for year`
`At 31 March 2022`
**`NET BOOK VALUE`**
`At 31 March 2022`
`At 31 March 2021`
`Farmyard animals`
`Trade debtors`
`Prepayments`
12. biologicAl ASsetS
13. DebTors: AmounTs Falling Due witHin one YeAr
**`31.3.22`**
**`£`**
**`8,510`**
**`893`**
**`9,403`**
`31.3.21`
`£`
`3,322`
`1,697`
`5,019`|`Totals`
`£`
`365,053`| |---|---| ||`362,029`
`3,024`| ||`365,053`| ||`-`| ||`3,024`| ||| ``` 34 ``` ## nOtes tO tHe Financial sTATementS continued ## 14. crediTors: AmounTs Falling Due witHin one YeAr |`Trade creditors`
`Social security and other taxes`
`Other creditors`
`Deferred income`
`Accrued expenses`|**`31.3.22`**
**`£`**
**`5,725`**
**`3,542`**
**`783`**
**`29,152`**
**`1,990`**
**`41,192`**|`31.3.21`
`£`
`3,121`
`1,961`
`626`
`4,593`
`4,738`| |---|---|---| |||`15,039`| ## 15. AnAlYSiS oF net ASsetS between Funds |`Fixed assets`
`Current assets`
`Current liabilities`
`Unrestricted`
`fund`
`£`
`-`
`176,146`
`(41,192)`
`134,954`|`Restricted`
`funds`
`£`
`-`
`101,221`
`-`
`101,221`|**`31.3.22`**
**`total`**
**`funds`**
**`£`**
`-`
**`277,367`**
**`(41,192)`**
**`236,175`**
`31.3.21`
`total`
`funds`
`£`
`3,024`
`224,425`
`(15,039)`| |---|---|---| ``` Analysis of Restricted Funds carried forward as at 31st March 2022 ``` |**`Education`**
**`Volunteering`**
**`Farm`**
**`Gardening`**|**`31.3.22`**
**`£`**
**`28,728`**
**`2,465`**
**`63,439`**
**`6,590`**
**`101,222`**|`31.3.21`
`£`
`21,923`
`711`
`60,077`
`791`| |---|---|---| |||`83,502`| ## **`Education`** These are grants received specifically for the purpose of Education. `They relate to the work carried out by the Education Co-ordinator with local schools and around holiday hunger.` ## **`Farm`** ``` These are grants towards maintenance of farm and towards provision of animal daily care such as feeds, bedding and veterinary care. These grants also contributed towards associated labour costs. ``` ``` 35 ``` ## nOtes tO tHe Financial sTATementS continued ## 16. MOveMenT in Funds |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`At 1.4.21`
`£`
**`128,908`**
**`83,502`**
**`212,410`**
`Net`
`movement`
`in funds`
`£`
**`6,046`**
**`17,719`**
**`23,765`**
`At 31.3.22`
`£`
**`134,954`**
**`101,221`**
**`236,175`**
`are as follows:`
`Incoming`
`resources`
`£`
**`187,303`**
**`80,292`**
**`267,595`**
`Resources`
`expended`
`£`
`Movement`
`in funds`
`£`
**`6,046`**
**`17,719`**
**`23,765`**
`At 1.4.20`
`£`
**`79,727`**
**`19,991`**
**`99,718`**
`Net`
`movement`
`in funds`
`£`
**`49,181`**
**`63,511`**
**`112,692`**
`At 31.3.21`
`£`
**`128,908`**
**`83,502`**
**`212,410`**
**`(181,257)`**
**`(62,573)`**
**`(243,830)`**|`At 31.3.22`
`£`
**`134,954`**
**`101,221`**| |---|---|---| |||**`236,175`**| |||`At 31.3.21`
`£`
**`128,908`**
**`83,502`**| |||**`212,410`**| ``` Net movement in funds, included in the above are as follows: ``` ``` 36 ``` ## nOtes tO tHe Financial sTATementS continued ## 16. MOveMenT in Funds continued ``` Net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
**`215,767`**
**`105,693`**
**`321,460`**|`Resources`
`expended`
`£`
`Movement`
`in funds`
`£`
**`49,181`**
**`63,511`**
**`112,692`**
**`(166,586)`**
**`(42,182)`**
**`(208,768)`**| |---|---|---| ## 17. RelateD PaRTY DisclOsuRes ``` There were no related party transactions for the year ended 31 March 2022. ``` ``` 37 ``` ## Detailed sTATement oF Financial ActivitieS ## FOR tHe YeAr enDeD 31 MaRcH 2022 |**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`Grants`
**`Other trading activities`**
`Horticultural activities and farm sales`
`Fundraising activities and Events`
**`Investment income`**
`Deposit account interest`
**`Charitable activities`**
`Grants`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Raising donations and legacies`**
`Animal Welfare`
`Bedding & Feedstuff`
`Catering & Refreshments`
`Cleaning & Hygiene`
`Community & Fundraising`
`Cost of Product for sale`
**`Charitable activities`**
`Wages`
`Pensions`
`Sessional Workers`
**`Support costs`**|**`31.3.22`**
**`£`**
**`58,751`**
**`73,759`**
**`132,510`**
**`15`**
**`31,418`**
**`31,433`**
**`14`**
**`103,638`**
**`267,595`**
**`6,049`**
**`5,017`**
**`226`**
**`2,670`**
**`2,509`**
**`14,943`**
**`31,414`**
**`147,775`**
**`2,360`**
**`27,701`**
**`177,836`**|`31.3.21`
`£`
`89,929`
`177,766`| |---|---|---| |||`267,695`
`1,406`
`18,785`| |||`20,191`
`24`
`33,550`| |||`321,460`
`3,843`
`4,733`
`2,579`
`1,250`
`270`
`4,541`| |||`17,216`
`161,914`
`1,851`
`-`| |||`163,765`| ``` 38 ``` ## Detailed sTATement oF Financial ActivitieS FOR tHe YeAr enDeD 31 MaRcH 2022 |**`Support costs`**
**`Finance`**
`Bank charges`
**`Information technology`**
`Rates and water`
`Light and heat`
`Telephone`
`Postage and stationery`
`Repairs and renewals`
`Sundries`
`IT Software & Consumables`
`Subscriptions & Publications`
**`Human resources`**
Depreciation of tangible fxed assets
**`Governance costs`**
`Other Professional Costs`
`Independent Examiners Fees`
`Total resources expended`
**`Net income`**|**`31.3.22`**
**`£`**
**`1,401`**
**`-`**
**`4,652`**
**`1,084`**
**`3,436`**
**`10,705`**
**`96`**
**`1,267`**
**`1,440`**
**`22,680`**
**`3,025`**
**`5,554`**
**`1,920`**
**`7,474`**
**`243,830`**
**`23,765`**|`31.3.21`
`£`
`2,190`
`349`
`4,488`
`(752)`
`3,617`
`10,376`
`1,118`
`(133)`
`1,059`| |---|---|---| |||`20,122`
`2,770`
`605`
`2,100`| |||`2,705`| |||`208,768`| |||`112,692`| _This page does not form part of the statutory financial statements_ ``` 39 ``` **`Buxton Street, London E1 5AR` www.spitalfieldscityfarm.org** ``` SPITALFIELDS FARM ASSOCIATION LIMITED (A COMPANY LIMITED BY GUARANTEE) REGISTERED COMPANY NUMBER: 02021898 (ENGLAND AND WALES) REGISTERED CHARITY NUMBER: 299536 ``` ``` 40 ```