P,ITA I05Bl918 NN L,REro
contents
ANNUAL REVIEW |
3 |
|---|---|
Chair's report |
4 |
Education |
6 |
Community |
10 |
Wellbeing |
13 |
REPORT AND ACCOUNTS |
19 |
Report of the Trustees |
20 |
Independent examiner's reportStatement of fnancial activities Statement of fnancial position Notes to the fnancial statements |
2627 28 29 |
2
chair's report
Grounded in the newly developed strategy, the Farm has grown its ambition, activities, and impact. As our community emerged from the pandemic and entered a new cost- of-living crisis, this collaboratively developed strategy has proven itself to be a superb foundation.
Our vision to create a space for all has seen significant improvements in the Farm site and the development of exciting plans to take this further in the coming years. The space has facilitated numerous community gatherings, fostering relationships, educational opportunities, and enjoyable experiences. We worked collaboratively with the community in the development of our site and the community around us. We were poised to deliver a new community garden adjacent to the Farm, until a change in local government saw investments paused, but we remain hopeful that we will be able to offer this new space in the future.
Our education programmes
have been developed, and
we are witnessing further
positive change in people's
lives and our community.
Work with young people has
expanded with new school
partnerships, increasing
the number of people we are
reaching, but we are also
going deeper with
more focused activities
with smaller groups of
those most in need. The
thoughtfulness of our
approach to education
developed by our education
manager will have a
lasting impact on many
people’s lives.
The gardens are now in top
condition thanks to the
hard work of our dedicated
volunteers. Their efforts
have allowed us to provide a
space for all that supports
numerous activities, whilst
delivering healthy and
nutritious produce that
can be shared with the
community. We are proud to
say that volunteering has
become more popular than
ever before, and we are
thrilled to bring back our
Young Farmers programme.
This programme promotes
well-being, education,
and community involvement,
all in one activity.
The importance of care and nurturing of the natural world is exemplified by the work of the farmyard and is woven into all aspects of our activities. Care and connection with animals support both our education and wellbeing aspirations, whilst providing fun activities for volunteers and the community.
We continue to receive
increased support from
funders as the work of
the Farm is recognised
as making an important
and lasting impact on our
community.
Neil Rodel,
Chair of Trustees.
3
john critchley
This year we were extremely sad to unexpectedly lose one of our trustees, John Critchley. John lived in Spitalfields for 25 years and had been nominated in late 2021 as a trustee for the Farm by The Spitalfields Neighbourhood Forum.
John visited the Farm many times as a grandparent and with the children of younger friends and believed very strongly in the value of the Farm in the education and well- being of the Spitalfields area. John was retired, having served in the Royal Navy from 1962 to 1999,
mainly in submarines. An engineer at heart, lover of the arts, mentor and community lynchpin, John’s life touched many people, including us here on the Farm.
John treated all with great dignity, patience, thoughtfulness, humour, and diplomacy. It was our good fortune to have him part of the Farm and we hope that a little bit of this wonderful human being lives on through the Farm's activities and the strategy he helped develop.
Rest in peace John.
4
our strAtegy
Spitalfields City Farm is the nearest city farm to the City of London’s square mile. We work with a vibrant and multi-cultural community to provide educational opportunities for children and adults alike, to empower people to gain new skills, confidence, to combat loneliness and food poverty.
In this context, it is a
very exciting time for the
Farm, as we begin the next
stage of our growth and
driving impact through the
development of a new three-
year strategy. During 2021
we undertook a period of
consultation with our staff,
volunteers and trustees,
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.
This strategy presents a
vision for the Farm and our
services for the period 2022
to 2025. The strategy was
informed by:
[Feedback and priorities ] drawn out of discussions and consultation with local residents, service users and other partners (existing & potential)
[A review of past work ] – what works, what needs improvement
[An analysis of our current ] strengths, weaknesses as a small charity and the opportunities and threats
[An analysis of socio-] economic data, and
[An analysis of the ] contexts in which we currently operate.
In light of the challenges,
we think that our objectives
for 2022 to 2025 are
ambitious, but realistic.
Our vision is to create a space for all, that empowers people to make positive change to their lives, our community, and the planet.
We want to have an impact in
three key areas: Education,
Community and Wellbeing
The themes and priorities
are:
Inclusivity: The issues faced by the Farm, in becoming a more representative and inclusive space within our community, mirror broader issues relating to the culture
and practice of exclusion
of people of colour and
ethnic minorities from the
British countryside and
farming in general, and
to urban farms and green
spaces in particular. Our
trustees have acknowledged
that as an organisation we
need to go on a journey of
understanding with regard
to equality and diversity.
Collaboration: Another
of our themes will be
collaboration – a deliberate
emphasis on partnership
working to facilitate a
move towards the Farm
becoming a truly community
centred organisation that
is valued and accessible
to all members of our
community. We will be as
open facing as possible,
having conversations
with individuals and
organisations to explore
ways in which we
might be able to work
collaboratively.
Resilience: We will work
toward sustainable business
models to safeguard the Farm
against cycles of ‘boom and
bust’. The development
of a Fundraising Strategy
will set ambitious targets
for trusts and foundations
and to build long term
relationships with any
funders. We will realise
the income potential of the
venue and its spaces whilst
integrating our values
within all areas of work.
5
education
creating environmentAlly knowledgeAble and action-orientated communities who are stewards for the future, by providing inspiring educationAl experiences.
6
educAtion
work with children & young people:
The year focused on embedding ourselves into our community and strengthening the ties we already have, with the aim of implementing a strong foundation that we can move forward - to build a more robust, varied and culturally relevant educational programme.
[Worked with 37 unique ] schools
[Welcomed 1,176 school ] children for one-off visits
[Provided 50 hours of ] cooking and healthy eating workshops
[Reinstated our Young ] Farmers programme, providing young people aged 13-17 years old with access to enriching volunteering opportunities and a chance to develop skills
[Provided over 100 hours] of provision for children with special educational needs.
We have adapted and piloted
our very popular Farm 2
Fork holiday workshops to
meet the needs of school
groups of up to 30 children,
for roll out in summer
2023. Meeting our target
of developing a Farm 2 Fork
Programme linked to the
national curriculum, this
workshop gives teachers
the chance to take their
learning on food systems,
healthy eating, farming,
plants and sustainability
out of the classroom in an
engaging and fun way.
We continue to work with
the school closest to the
Farm, providing onsite
gardening facilitation.
Having worked with St Annes
and Thomas Buxton students
for 2 years you can see the
progress they are making,
and their interest grow
in caring for and tending
to the gardens. Their
willingness to taste things
and to garden without
gloves, touching the soil,
is testament to how vital
these experiences are for
their personal development
as well as healthy eating.
Delivering targeted
educational programmes for
smaller groups of children
and young people attending
alternative provisions
has been a big focus this
year. We have developed
new partnerships with 2
schools. Pears Family
School and Leaway’s are
alternative provisions for
children who have been or
are at risk of exclusion
from mainstream education.
We also strengthened an
existing partnership with
Christchurch School, a
local single form primary
school 5 minutes from the
Farm, securing funding for
a second year of provision
for nursery, reception and
SEN/D groups.
7
educAtion
"through the purposeFul fArming tAsks, they develop new skills, learn to cope with risks, overcome fears, become increAsingly independent, and build a deep sense oF conFidence in their abilities."
case study: peArs Family school
The Pears Family School is an alternative provision for children and their families with emotional and behaviour difficulties. This is what the deputy Head of Pears Family school had to say about the programme:
What was the initial
intention for developing a programme with Spitalfields City Farm?
Pears Family School wanted to give the young people an opportunity to experience life outside the city. Give them an idea of what the countryside looks like and the importance of farming within the UK. We were fortune to find Spitalfields Farm!
How has working with Spitalfields City Farm benefited the students or the wider school?
Children from The Pears Family School have completed Schemes of work at Spitalfields Farm. As educators we have seen
how the Farm can reduce stress and has allowed the children to break free from behavioural challenges. Through the purposeful farming tasks, they develop new skills, learn to cope with risks, overcome fears, become increasingly independent, and build a deep sense of confidence in their abilities. Working together is always a challenge for our young people and the Farm trips have been a good opportunity to create a safe place for this to happen organically.
Can you give a specific example of how regularly working with Spitalfields City Farm has impacted a student?
A young student initially struggled with the idea of completing sessions at the Farm. The young person was anxious about new settings and unfamiliar people. This was a huge challenge! After completing 6-8 weeks at the Farm the young person built confidence to work in small groups and attempt unfamiliar tasks. This is now seen in the classroom!
8
educAtion
AnimAl welFare:
The Farm has been adopting hens from the British Hen Welfare Trust since 2012. This year we welcomed a new batch of hens. Some of these new arrivals arrive in quite a distressing condition that speaks volumes for choosing the free-range alternatives to caged egg production. Their improvement was filled with proud chicken owning moments – the bliss of a first dust bath, the delight of eating fresh greens, basking in natural sunlight, freedom to have a crazy run around! Farm staff, volunteers, and visitors alike are charmed by their individual characters and take pride in seeing a scrawny chicken become a beautiful red hen.
We also welcomed royalty to
the farmyard with the
arrival of a new queen bee.
The hive is a focal point
within the wildlife garden,
raising awareness of the
vital role pollinators play
in food production.
Thanks to the support of The Worshipful Company of Woolmen, we were able to offer local school groups wool workshops. Each group was able to watch the shearing and then learn all about how wool is processed to make yarn, including having a go at carding and spinning the fleece. They
were also able to weave a
little coaster to take home
with them
The heatwave in July brought
new challenges to the
farmyard. High temperatures
can pose a major threat to
animal welfare as animals
cannot rely on sweating
for cooling. Our focus
was ensuring all animals
had access to shade and
water – areas normally open
the public were utilised
as temporary shaded animal
areas. This highlighted a
need to plan animal areas to
cope with a changing climate.
Thanks to the support of
The Worshipful Company
of Grocers, we were able
to attend The Worshipful
Company of Woolmen’s Livery
Fair in September. This
was a wonderful opportunity
to showcase our Farm,
promoting the community and
conservation work we do to a
new audience.
[29 Mobile Farms: animal ] visits to schools and community events, bringing many physical and emotionalbenefits to a wide diversityof participants
[2 Wool Days: educational ] events for local children, where we were joined by 100 children for two neighbouring schools, along with 15 children from a local home-schooling network.
9
community
creating a welcoming space for people oF all communities to come together, cultivate, grow and learn.
10
community
community events:
Funded through Tower Hamlets Council, we held two ‘ supper club’ events at the Farm. Guests were treated to a three course sit down meal, held in our Safari Tent. Where possible, we used food and ingredients sourced from the Farm. This included our herbs, a pumpkin and chard curry, curried aubergines, a cucumber raita and poached pears. We had an outdoor fire to help everyone warm. We also had an entertainer, a local singer, who provided a set before and after the meals. The tent was decorated with fairy lights and bunting to help create a cosy and inviting atmosphere. Guests at the first night were our dedicated team of volunteers. It was a great opportunity to thank them for their hard work throughout the past 18 months and for them to meet each other, as often they do not work on the same days. The second night was a more general community event and we invited people who live
locally to the Farm who are
frequent visitors, as well
as staff from community
organisations we work with.
This included Phoenix School,
The London Interdisciplinary
School, Nourished Communities
and Thomas Buxton Primary
School. Again, it provided
a great opportunity for
people to meet each other
and chat over a meal.
consulting with our community
During the year we were awarded funding from The Mayor of London and Thames Water’s ‘Grow Back Greener Fund’ - to support the construction of a new community garden on a defunct play area next to the Farm’s entrance on Buxton Street, Spitalfields. The fund was created in response to inner city deprivation and poor access to green spaces, whilst also giving opportunity to improve local climate resilience.
The new Ram & Magpie Garden was due to open in Autumn 2022, and was co-designed by Farm and local firm Spacehub Design, who have invaluable experience in similar projects.
Aimed at reflecting the needs of the local community, we worked with community consultation experts Soundings to facilitate all-important dialogue with local residents. Two public
consultation events were
instrumental in shaping the
garden concept design, which
was unveiled to the community
in late March for comment.
The response was one of
overwhelming positivity from
the 140+ people who talked to
the Farm team.
Responding to a call
for ideas and uses for
the garden, the design
includes areas with tables
and seating to facilitate
communal gatherings and an
informal stage area for
meetings, performances and
presentations. Children
(particularly the under
5’s), are catered for with
explorative wildlife trails
and nature related play
areas, in a safe gated space.
The garden will be locked at
night to minimise anti-social
behaviour.
Flowers, edibles and herbs
were voiced as desirable
plantings that the community
could get involved in
tending. ‘Give us colour,
every month of the year’,
something to lift the spirits
and make people smile. An
aspect of foraging will also
be included, with a mini
orchard and edibles such as
blackberries and gourds
grown up the perimeter
fencing. Community
participation is key –
once opened, the space
will be facilitated by the
Farm but directed by the
local community.
11
community
"we hAd a core group who returned every week, as they were able to fit it into their existing schedules and ability levels in wAys that worked for them."
covid recovery:
Supported by Tower Hamlets Council, 55 local people benefitted from a programme aimed at supporting those left isolated by the Covid pandemic.
Participants were recruited
from eleven local services
that work with marginalised
individuals, making active
referrals throughout the
length of the project.
These included addiction
services, homeless
services, GP’s who socially
prescribed, disability
services within NHS
hospitals, mental health
services (Tower Hamlets
Recovery College, NHS
Bethnal Green Community
Mental Health Team),
older people’s groups,
public library refugee
services, and employment
services. Partnerships
were also formed with a
further eleven community
organisations who made over
100 referrals.
Weekly volunteer sessions
were run every Wednesday
for the full six months,
led a dedicated Project
Worker and our Community
Gardeners, consisting of
tasks such as watering, seed sorting, harvesting, weeding, learning about plant properties, manuring vegetable patches, designing the shop for selling produce, and helping our resident herbalist prepare Farm grown produce for tinctures and balms. There were also maintenance tasks such as fence fixing, shed painting, and building structures.
The expectations of volunteers were kept low to make the project accessible for those who struggle socially or physically: participants did not have to come weekly or even a minimum amount of weeks and did not have to stay all day. As a result, we had a core group who returned every week, as they were able to fit it into their existing schedules and ability levels in ways that worked for them. In addition, we offered free, optional, monthly mindful movement and art therapy sessions. Lastly, once a month we held a big cook-up where participants prepared a large curry that everyone shared.
12
wellbeing
creating an environment for our community to build on their strengths, so that together we cAn address vAriations in people's opportunities for a healthy life.
13
wellbeing
volunteering:
has been focusing on the
improved wellbeing of our
community and volunteers.
Our volunteers are the backbone of the Farm, we rely on their dedication, expertise and time to care for the beautiful land entrusted to us. Every year our volunteers contribute their time freely for the benefit of the Farm and the community that it serves, the value of this time is immeasurable and we are thankful to each and every one of them. Since the Covid 19 pandemic Spitalfields City Farm
This year the Farm received
three years’ funding from
The Lottery / Reaching
Communities, our aim is
to use this funding to
improve our volunteering
opportunities and support
access to volunteering to
enable people and families
to connect, learn and
have fun.
In response we have
partnered with the Volunteer
Centre Tower Hamlets and
have been featured in
Tower Hamlets Connect for
Loneliness Week. We continue
to run the hugely successful
‘Coriander Club’; a weekly
gardening session held in
Bengali and English. This
has enabled local Bengali
women, who may otherwise be
excluded due to language
barriers to meet others,
learn to propagate, care for
and harvest specialist South
Asian vegetables.
We have made the application process more accessible for people who do not speak English as a first language and have a dedicated Volunteer manager in post to offer a pastoral role to existing and new volunteers. We have created a new Volunteer Policy with to help ensure fairness and consistency across projects and areas so that decisions are made based upon the same principles.
Over the coming year we aim to strengthen our relationships with other local organisations to increase participation of local people. We are encouraging connectivity through our new volunteer newsletter and recently held our first party to celebrate Volunteer Week 2023, this was a fantastic opportunity say thank you to our volunteers and reinforce how much they are valued.
14
wellbeing
"how cAn i choose? they are all adorable, but holmes does greet me every time i see him."
volunteer proFile: sheila
Role: Farmyard and Garden
Volunteer.
How long have you been volunteering with Spitalfields City Farm and why did you start?
I’ve been volunteering for
just over 2 years, following
taking early retirement from
working for The City of
London.
What do you enjoy most about volunteering at the Farm?
I like being outside and
seeing the seasons change.
Even Winter has charm on
the Farm.
What have you learnt while volunteering at the Farm?
I’m not the most practical
person, so it’s been
interesting to learn
more about the animals
being looked after in the
farmyard. For example,
how to keep them cool in
this hot weather. On the
gardening side, I’ve just
completed a City & Guilds
Organic Gardening course
and enjoy being able
to apply a little more
knowledge.
Do you have a favourite animal and why?
How can I choose? They
are all adorable, but
Holmes does greet me every
time I see him.
What do you recommend that
other people try at the
Farm?
There’s always jobs that
needs doing on the Farm.
Tasks often alter due to
the seasons, so you’re
never bored. It’s also
a good thing to push
yourself outside of your
comfort zone now and then
by learning new things.
Is there anything you would like to see more of?
More information about the
history of the Farm would
be fascinating.
What three words would you use to describe the Farm?
Captivating, inclusive,
unpredictable.
15
wellbeing
growing:
Wellbeing through Gardening,
the impact of being in a
natural surrounding where
the environment is thought
of as part of our community.
A healthy lifestyle, and in
turn looked after by the
community it serves, offers
education about nutrition,
a healthy environment, a
platform for members of
the community to connect
with others around a common
interest that relates to us
all like culture, food, and
sustainability.
Providing the opportunity
for volunteers and all
to try a seed to fork or
soil to plate experience,
the difference in taste,
quality, and freshness,
what types of foods are
seasonal and why we should
be eating our lovely
heritage varieties of food.
The food we produce is also
helping tackle big issues
affecting our environment.
We at the Farm are
dedicated in highlighting how we can improve our environment whilst looking after our physical and mental state. With our many volunteers we have witnessed first-hand the beneficial impact of Gardening/connecting with nature experiencing the many positives on offer.
"we at the fArm are dedicAted in highlighting how we cAn improve our environment whilst looking aFter our physical and mental state."
Many volunteers who have
joined still attend week
in week out, whilst others
have not been able to
continue on a regular basis
still keep in touch, and
who all have expressed
how much being part of a
bigger focus on growing
food and taking care of
our environment has helped
shape views on awareness,
inspired them to take on
new journeys and explore
their nature and potential.
16
wellbeing
"they allow us to remAin a free, sAfe and accessible green space in one oF the most densely populAted and deprived boroughs in london."
volunteer teAm chAllenges:
This year, we welcomed 140 teams and over 1,861 individuals – who have given 6,415 hours of volunteering to help us look after the Farm site, animals and gardens for the benefit of the community.
Our Team Challenge Days
are invaluable to the
sustainable functioning of
the Farm. Not only do the
extra volunteer hands help
us look after our animals,
grow organic produce in
our gardens, and maintain
our physical site, but the
fees that the companies
pay also subsidise our
community and educational
programmes throughout the
year. They allow us to
remain a free, safe and
accessible green space in
one of the most densely
populated and deprived
boroughs in London.
In return, we provide our corporate volunteers with a fun and rewarding team-building day away from the office. Led by our knowledgeable Farm staff, participants have the opportunity to learn new skills, be physically active, interact with our Farm animals, and spend time together in our gorgeous natural surroundings. At the end of their hard day’s work, they even have the added special reward of being able to hug our donkeys!
17
wellbeing
"they hAve supported us to develop meaningFul relAtionships with these companies, mAny oF which volunteer with us frequently and become extended members oF our Farm community."
We have continued to work
closely with the East London
Business Alliance (ELBA),
who matchmake us with
corporate partners looking
to contribute their resources
to community organisations
in the borough. They have
supported us to develop
meaningful relationships
with these companies, many
of which volunteer with
us frequently and become
extended members of our Farm
community. We were very
privileged to host a memorial
event for someone from one
of our regular corporate
teams who sadly passed away,
and we continue to host
her friends and family for
visits. It is a testament
to the special familial
bond that volunteers and
organisations develop with
the Farm.
us to showcase the work that we do to their global network of business partners committed to supporting positive change for the planet. Since joining, we have attended a networking event at the 1% London office in Soho, and also hosted Team Challenge Days for several of their corporate partners.
Over the quieter winter
months, we had space to
review our working practices,
update our marketing
materials and website, and
generally streamline our
booking processes. In early
January, James McAdie
from the conservation
charity Froglife led a
hardy group of volunteers
from Grain Sustainability
to restore a couple of our
wildlife ponds. These are
home to our resident great-
crested and smooth newt
populations, and we were very
excited to learn that they
are thriving at the Farm.
We were also very excited
this year, to become an
Environmental Partner with
1% for the Planet, allowing
18
AnnuAl report and unAudited Financial stAtements 31 march 2023
spitAlFields Farm AssociAtion limited compAny no. 02021898 chArity no. 299536
19
spitAlFields Farm AssociAtion limited report oF the trustees For the yeAr ended 31 march 2023
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 2023. 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 activities
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 2006 to have
due regard to public benefit guidance published by the Charities Commission in determining the activities undertaken by the Charity.
Achievement And performance
CHARITABLE ACTIVITIES
Thanks to the hard work of
the Farm’s passionate and
dedicated staff team, and
our wonderful volunteers
and Trustees, the Farm
continued an extraordinary
range of charitable and
community efforts this
year, reaching many people
from diverse groups in the
local community and more
widely.
20
report of the trustees For the yeAr ended 31 march 2023
Financial review
RESULTS FOR THE YEAR FINANCIAL REVIEW
The result for the year
ended 31 March 2023 was a
surplus of £62,712 (2022:
surplus £23,765).
INCOME
Total income for the year
amounted to £406,002 (2022:
£267,595). Grant income
represented 35% of the
Farm's total income.
EXPENDITURE
Total expenditure for the
year was £343,290 (2022:
£243,830).
FUNDS
The Farm’s funds at 31 March
2023 amounted to £298,887
(2022: £236,175), of which
£146,751 (2022: £134,954)
was unrestricted funds and
£152,136 (2022: £101,221)
was restricted.
GRANTS AND DONATIONS
Thank you to the following
for providing us with a
grant or donation during the
past year:
[London Borough of ] Tower Hamlets
[The City Bridge Trust]
[Jack Petchey Foundation]
[Tower Hill Trust][Wakefield + Tetley Trust]
[Allen + Overy Charitable ] 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 -
[The Woolmen's Company] -
[The Guild of Freeman of ] -
the City of London;[The Childhood Trust][Greater London Authority ] -
(Grow Back Greener Fund)[Community Fund (Awards ] -
for All) -
[Community Fund (Reaching ] -
Communities England) -
[London City Farms & ] -
Community Gardens Association -
[Nuveen] -
[Quartet Community Foundation][Tesco Community Fund][John Lewis Foundation]
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.
A New Direction; 1% for the
Planet; Accenture; Acre;
AIG; Alfa Financial Software;
Allen & Ovary; Apollo Global
Management; Apps Flyer;
Ares; Armis Security; Axa;
Baker Mcenzie; Bank of
England; Barclays; Barings;
Beazley; BEIS; Black Sunday;
Blackrock; Brewin Dolphin; BUPA; C.Hoare & Co; Caeis; Chubb UK, Citi: City & Guilds; City Bridge Trust/ Corporation of London; Columbia Threadneedle Investments; Coniq; Credit Suisse; Elseveir; Emperor; Equistone; Essence; Factset; FIE; Four Paws; Freshfields Bruckhaus Deringer; Grain Sustainability; Hammerson; Helical; HSBC; Hu; Informa; Inmarsat; ISG; Liberty speciality Markets; Lloyds; Lockton; Macquarie; Man Group; Marvel; Markel; Mavern Securities; MTREL; Nat West; Nomura; Nuveen; Peel Hunt; Publicis Sapient; QIC Global; Red Engineering; Ripple; Salesforce; Samsara; SEI; Skedulo; Standard Charter; Talbot UW; The Big Give; Upfields; Vanguard Asset Management; Verve Live;
We are Thyme; Weightmans
LLP; Workday; WPP.
Special thanks to the East
London Business Alliance
(ELBA).
Thank you to everyone 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.
21
report of the trustees For the yeAr ended 31 march 2023
INVESTMENTS
The Farm does not hold any
investments.
RESERVES POLICY
Unrestricted reserves at March 31 2023 were £146,751 (2022: £134,954). 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.
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.
22
report of the trustees For the yeAr ended 31 march 2023
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 Managers
oversee the Farm’s projects
and activities, reporting
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;
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 Renumeration 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.
23
report of the trustees For the yeAr ended 31 march 2023
RISK MANAGEMENT
The Board has examined
the principal areas of
the Farm’s operations and
considered the major risks
which may arise in a number
of key areas:
[Governance]
[Legal]
[Health & Safety]
[Safeguarding]
[Finance][Staffing]
[Volunteers]
[Site]
[Technology]
[Privacy & Data Protection]
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.
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 dayto-day operations.
The Risk Register is
reviewed at trustee meetings
on a six-monthly basis.
24
report of the trustees For the yeAr ended 31 march 2023
reFerence And Administrative details
REGISTERED COMPANY NUMBER
02021898 (England and
Wales)
REGISTERED CHARITY NUMBER
299536
REGISTERED OFFICE
Buxton Street
E1 5AR
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:
Neil Stuart Rodel - Chair
Amaya Jasmin Wang
Alexander Michael Davidson
Graham Thomas Morgan
Michael Richard Woods
Momotaz Begum - Appointed
23rd May 2022
Zoe E Leadley-Meade -
Appointed 20th May 2022
Vivian Chan - Resigned -
5th April 2022
Harold John Critchley -
Sadly passed away - Dec
2022
Independent Examiner
Mr A Patel BA (Hons), BFP,
FCA
Prestons & Jacksons
Partnership LLP
364 - 368 Cranbrook Road
Ilford
Essex
IG2 6HY
INDEPENDENT EXAMINERS
Prestons & Jacksons
Partnership LLP were
appointed as independent
examiners to the charitable
company during the year.
Approved by order of the
board of trustees on
November 1st 2023 and
signed on its behalf by
Neil Rodel, Chair of
Trustees.
Company Secretary
Alexander Michael Davidson
Chief Executive Officer Philip Nichols
25
independent eXAminer's report to the trustees of spitAlFields Farm AssociAtion limited
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 2023.
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 member of the Institute of Chartered Accountants in England and Wales, 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:
-
1accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or -
2the accounts do not accord with those records; or -
3the 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
4the 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
A . Patel
Prestons & Jacksons
Partnership LLP 364 - 368 Cranbrook Road Ilford
Essex IG2 6HY
Dated November 1st 2023.
26
stAtement of Financial Activities (incorporAting An income And eXpenditure Account) For the yeAr ended 31 march 2023
INCOME AND ENDOWMENTS FROMDonations and legaciesCharitable activities HorticultureEducationVolunteeringTeam ChallengesOther trading activitiesInvestment incomeTotalEXPENDITURE ONRaising fundsCHARITABLE ACTIVITIESCharitable activityTotalNET INCOMERECONCILIATION OF FUNDSTotal funds brought forwardTOTAL FUNDS CARRIED FORWARDNotes2534 |
56,98313,85335,185-135,87420,540949263,38421,279230,308251,58711,797134,954146,751Unrestrictedfund£ |
Restrictedfund£141,368-1,250----142,6186,58185,12291,70350,915101,221152,136 |
31.3.23Totalfunds£198,351 13,853 36,435 -135,874 20,540 949406,002 27,860 315,430 343,290 62,712 236,175 298,887 |
31.3.22Totalfunds£132,51010,36245,3066,70041,27031,43314 |
|---|---|---|---|---|
267,595 |
||||
31,414212,416 |
||||
243,830 |
||||
23,765212,410 |
||||
236,175 |
The notes form part of these financial statements
27
stAtement of Financial position
31 march 2023
CURRENT ASSETSBiological AssetsDebtorsCash at bank and in handCREDITORSAmounts falling due within one yearNET CURRENT ASSETSTOTAL ASSETS LESS CURRENT LIABILITIESNET ASSETSFUNDSUnrestricted fundsRestricted fundsTOTAL FUNDSNotes12131416 |
5,240 14,453 313,281 332,974 (34,087) 298,887 298,887 298,887 146,751 152,136 298,887 5,5959,403262,369277,367(41,192)236,175236,175236,175134,954101,221236,17531.3.23£31.3.22£ |
|---|---|
The charitable company is
entitled to exemption from
audit under Section 477 of
the Companies Act 2006 for
the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 1st 2023 and were signed on its behalf by Neil Rodel, Chair of Trustees.
The notes form part of these financial statements
28
notes to the Financial stAtements For the yeAr ended 31 march 2023
1. Accounting policies
Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘ Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 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 headings they have been allocated to activities on a basis consistent with the use of resources.
29
notes to the Financial stAtements For the yeAr ended 31 march 2023, continued
ALLOCATION OF SUPPORT COSTS
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:
[Raising Funds - 14%]
[Charitable Activities - ] 86.0%
TANGIBLE FIXED ASSETS
Depreciation is provided at
the following annual rates
in order to write off each
asset over its estimated
useful life.
-
[Improvements to property] -
- 10% on cost
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.
BIOLOGICAL ASSETS
Biological assets are
valued at the lower of cost
and net realisable value,
after making due allowance
for obsolete and slow
moving items.
TAXATION
The charity is exempt from
corporation tax on its
charitable activities.
FUND ACCOUNTING
Unrestricted funds can be
used in accordance with the
charitable objectives at the
discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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.
30
notes to the Financial stAtements For the yeAr ended 31 march 2023, 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 non-puttable ordinary shares.
31
notes to the Financial stAtements For the yeAr ended 31 march 2023, continued
2. donations And legacies
DonationsGrantsGrants received, included in the above,are as follows:Grants less than £5,000Allen & Overy FoundationLB of Tower HamletsMayors for LondonJack Petchey FoundationHMRC Job Retention SchemeTower Hill TrustWakefeld & Tetley Trust The National Lottery Community FundCMS Social Impact FundEast End Community FoundationThe Hornes’ Charity FundGreater London AuthorityThe Graduate CompanyCoronavirus Business Interruption GrantThe City Bridge TrustReaching Communities Awards for AllTesco Community FundChapman Charitable TrustDepartment of EducationLondon City Farms & Community GardensAssociationNuveen Community GrantQuartet Community Foundation |
31.3.23£46,098 152,253 198,351 31.3.23£1,250 2,500 4,000 500 17,617 -863 -28,882 -10,000 5,000 6,865 --37,500 9,750 10,000 1,000 1,000 500 14,776 250 |
31.3.22£58,751 |
|---|---|---|
73,759 |
||
132,510 |
||
31.3.22£3,501-3,00010,9473,2835,8017,7755,000-5,0002,6545,000-5,79816,000-------- |
||
| 152,253 | 73,759 |
3. other trAding Activities
Horticultural activities and Farm salesFundraising activities and Events |
31.3.23£-20,540 |
31.3.22£1531,418 |
|---|---|---|
| 20,540 | 31,433 |
32
notes to the Financial stAtements For the yeAr ended 31 march 2023, continued
4. investment income
| 4. investment income | 31.3.23 |
31.3.22 |
£ |
£ |
|
Deposit account interest |
949 |
14 |
5. income From chAritAble Activities
GrantsGrantsGrantsGrantsActivityHorticultureEducationVolunteeringTeam Challenges |
31.3.23£13,853 36,435 -135,874 |
31.3.22£10,36245,3066,70041,270 |
|---|---|---|
| 186,162 | 103,638 |
Grants received, included in the above,
are as follows:
Grants less than £5,000Allen & Overy FoundationMayors for LondonJack Petchey FoundationSalesContract IncomeMobile Farm Filming and AppearancesEast End Community FoundationTeam Challenges |
31.3.23£1,250 ---16,070 20,828 12,140 -135,874 |
31.3.22£7501,2501,6001,70013,09927,03411,9355,00041,270 |
|---|---|---|
| 186,162 | 103,638 |
6. net income/(eXpenditure)
Net income/(expenditure) is stated after
charging/(crediting):
charging/(crediting): |
||
|---|---|---|
31.3.23 |
31.3.22 |
|
£ |
£ |
|
Depreciation - owned assets |
- |
3,024 |
Independent Examiners Fees |
2,200 | 2,200 |
33
notes to the Financial stAtements For the yeAr ended 31 march 2023, continued
7. trustees' remuneration And beneFits
There were no trustees’ remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
TRUSTEES' EXPENSES
There were no trustees’ expenses paid for the year ended 31 March 2023 nor for the
year ended 31 March 2022.
8. stAfF costs
Wages and salariesOther pension costsThe average monthly number of employeesduring the year was as follows:Full Time EquivalentAverage Head Count |
31.3.23£230,201 3,164 |
31.3.22£147,7752,360 |
|---|---|---|
| 233,365 | 150,135 |
|
31.3.23£7 12 |
31.3.22£710 |
|
19 |
17 |
No employees received emoluments in excess
of £60,000.
34
notes to the Financial stAtements For the yeAr ended 31 march 2023, continued
9. compArAtives For the stAtement of Financial Activities 31.3.2022
INCOME AND ENDOWMENTS FROMDonations and legaciesCharitable activities HorticultureEducationVolunteeringTeam ChallengesOther trading activitiesInvestment incomeTotalEXPENDITURE ONRaising fundsCharitable activity Charitable activitiesTotalNET INCOMERECONCILIATION OF FUNDSTotal funds brought forwardTOTAL FUNDS CARRIED FORWARD72,03310,36232,191-41,27031,43314187,3039,923171,334181,2576,046128,908134,954Unrestrictedfund £ |
Restrictedfund £60,477-13,1156,700---80,29221,49141,08262,57317,71983,502101,221 |
Totalfunds £132,51010,36245,3066,70041,27031,43314 |
|---|---|---|
267,595 |
||
31,414212,416 |
||
243,830 |
||
23,765212,410 |
||
236,175 |
10. key management personnel
The Key Management Personnel comprise of the Board of Trustees and the Chief Executive Officer. Total remuneration paid to the key management personnel during the year was £39,239 (2022: £37,070).
35
notes to the Financial stAtements For the yeAr ended 31 march 2023, continued
11. tangible Fixed Assets
31.3.22£5,7253,54278329,1521,99041,19231.3.23£4,377 3,147 783 17,598 8,182 34,087 12. biologicAl Assets Farmyard animals31.3.23£5,240 31.3.22£5,59531.3.23£13,281 1,172 14,453 31.3.22£8,5108939,40313. debtors: Amounts Falling due within one yeAr Trade debtorsPrepaymentsTrade creditorsSocial security and other taxesOther creditorsDeferred incomeAccrued expenses14. creditors: Amounts Falling due within one yeAr 330,579330,579--Improvementsto property£Fixtures andfttings £34,47434,474--COSTAt 1 April 2022 and 31 March 2023DEPRECIATIONAt 1 April 2022 and 31 March 2023NET BOOK VALUEAt 31 March 2023At 31 March 2022 |
Totals£365,053 |
|---|---|
365,053 |
|
- |
|
- |
|
36
notes to the Financial stAtements For the yeAr ended 31 march 2023, continued
15. AnAlysis of net Assets between Funds
Current assetsCurrent liabilitiesUnrestrictedfund£223,052(76,301)146,751 |
Restrictedfunds£109,92242,214152,136 |
31.3.23totalfunds£332,974 (34,087) 298,887 31.3.22totalfunds£277,367(41,192)236,175 |
|---|---|---|
EducationVolunteeringFarmGardeningCentral Costs |
31.3.23£52,783 23,871 7,982 30,000 37,500 |
31.3.22£28,7272,46563,4396,590- |
|---|---|---|
| 152,136 | 101,221 |
EDUCATION
Grants towards the purpose of education with local schools, the employment of an Education Intern to support the delivery of services specifically for young people.
VOLUNTEERING
Grants towards the salary
of a designated Volunteer
Manager, to help support
the development of our
volunteer services.
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.
GARDENING
Grants towards improving
the layout of the Farm’s
growing spaces.
CENTRAL COSTS
Grants towards the salary
of the Chief Executive and
for support to develop a
fundraising strategy.
37
notes to the Financial stAtements For the yeAr ended 31 march 2023, continued
16. movement in Funds
Unrestricted fundsGeneral fundRestricted fundsRestrictedTOTAL FUNDS |
At 1.4.22£134,954 101,221 236,175 |
Netmovementin funds£11,797 50,915 62,712 |
At 31.3.23£146,751 152,136 |
|---|---|---|---|
| 298,887 |
Net movement in funds, included in the above are as follows:
Unrestricted fundsGeneral fundRestricted fundsRestrictedTOTAL FUNDSComparatives for movement in funds Unrestricted fundsGeneral fundRestricted fundsRestrictedTOTAL FUNDS |
Incomingresources£263,384 142,618 406,002 At 1.4.21£128,90883,502212,410 |
Resourcesexpended£Movementin funds£11,797 50,915 62,712 Netmovementin funds£6,04617,71923,765At 31.3.22£134,954101,221236,175(251,587) (91,703) (343,290) |
Resourcesexpended£Movementin funds£11,797 50,915 62,712 Netmovementin funds£6,04617,71923,765At 31.3.22£134,954101,221236,175(251,587) (91,703) (343,290) |
|---|---|---|---|
At 31.3.22£134,954101,221 |
|||
236,175 |
38
notes to the Financial stAtements For the yeAr ended 31 march 2023, continued
16. movement in Funds
Net movement in funds, included in the above are as follows:
Unrestricted fundsGeneral fundRestricted fundsRestrictedTOTAL FUNDS |
Incomingresources£187,30380,292267,595 |
Resourcesexpended£(181,257)(62,573)(243,830) |
Movementin funds£6,04617,719 |
|---|---|---|---|
23,765 |
17. related party disclosures
There were no related party transactions for the year ended 31 March 2023.
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
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