2021-08-31-accounts - Farms For City Children Limited

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Chair	Simon Gregory
Trustees	Sir MichaelMorpurgo		OBE
	Lady Morpurgo	MBE
	Charles Huntingdon-Whiteley			(resigned	19July 2021)
	Alison Mawle			(resigned	19July 2021)
	Frances Harris
	Justin Albert OBE
	Peter Pantlin
	Richard Ash
	Andrew Bailey			(appointed		19 July 2021)
	Jonathan Bishop			(appointed		19July 2021)
	Donna Edmonds			(appointed		19July 2021,
				resigned	17December 2021)
	Rachel Goult			(appointed		19July 2021)
	Laura Reynolds			(appointed		19July 2021)
	Mel Squires			(appointed		19July 2021)
Secreta ry	Lady Morpurgo	MBE
Chief Executive	Vanessa Fox			(resigned	3January 2022)
	Donna Edmonds	(interim)		(appointed		17January 2022)
Auditors	Pl(F Francis Clark
	Centenary House
	Peninsula Park
	Rydon Lane
	Exeter
	EX2 7XE
Bankers	NatWest Bank	pic
	59 High Street
	Exeter
	Devon
	EX4 3DL

		for	the year	ending 31Augus	t 2021
						Total	Total
				Unrestricted	Restricted	Funds	Funds
			Note	Funds f	Funds f	2021 E	2020 f
Income
Donations and legacies Donations and legacies				391,791	55,900	447,691	925,650
Income from charitable	activities:
Charitable activities				295,629	544,241	839,870	1,025,601
Income from other trading
activities:
Trading operations Investment income				27,649 540		27,649 540	27,129 3,063
Other income							99,995
Total income				715,609	600,141	1,315,750	2,081,438
Expenditure
Costs ofraising funds: Trading operations Fundraising support costs				9,605 165,926		9,605 165,926	230,412
Expenditure on charitable
activities:
Charitable activities				840,613	204,308	1,044,921	1,681,384
Total expenditure				1,016,144	204,308	1,220,452	1,911,796
Net (expenditure)/income		and
net movement in funds	for	the
year				(300,535)	395,833	95,298	169,642
Reconciliation offunds
Total Funds brought forward Total funds carried forward				1,289,719 989,184	2,133,111 2,528,944	3,422,830 3,518,128	3,253,188 3,422,830

							2020
					Note	2021	As Restated
						f	f
Fixed assets
Tangible	assets				16	3,011,758	2,682,978
Investment						6,097	6,177
				Total Fixed Assets		3,017,855	2,689,155
Current assets
Stock					17	29,324	43,838
Debtors					18	338,694	173,473
Cash at bank		and	in	hand	19	1,286,447	854,470
				Total Current Assets		1,654,465	1,071,781
Liabilities
Creditors	falling due			within one year	20	(1,154,192)	(338,106)
Net Current		assets				500,273	733,675
Net assets						3,518,128	3,422,830
The funds	of	the Charity:			22
Unrestricted		funds				989,184	1,289,719
Restricted	funds					2,528,944	2,133,111
				Total charity funds		3,518,128	3,422,830

			Note	2021	2020
				f	f
Cash used in operating activities			25	533,466	141,153
Cash flows from investing activities Interest income				540	3,063
Repayment ofinvestment from Sale oftangible fixed assets Purchase oftangible fixed assets Cash used in investing activities	FFCC Enterprises	Ltd		82 (422,111) (421,489)	23,748 (315,044) (288,233)
Cash used in financing activities
Draw down of banl& borrowings	(CBIL)			320,000
Cash used in financing activities				320,000
(Decrease)/increase in cash and cash equivalents in the year Cash and cash equivalents at the beginning ofthe year Total cash and cash equivalents at the end ofthe year				431,977 854,470 1,286,447	(147,080) 1,001,550 854,470

ncome from d	onations and legacie	s
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2021	2021	2021	2020
			f		f	f
Donations			337,858	55,900	393,758	891,117
Profit donated	by FFCC Enterprises	Ltd	8,833		8,833	9,721
Legacies			45,100		45,100	24,812
			391,791	55,900	447,691	925,650

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2021	2021	2021	2020
			f	f		f
Residential visits						634,892
Day visits			10,030		10,030
Grants —Capital				399,340	399,340
Grants —Revenue			104,350	144,901	249,251	141,479
HMRC Coronavirus		Job Retention
Scheme			135,298		135,298	186,302
Farm produce sales			20,403		20,403	25,132
Farm livestock sales			10,229		10,229	22,489
Rural Payments	Agency grants		15,319		15,319	15,307
			295,629	544,241	839,870	1,025,601

ading and the	sale of gifts, books and cards.
		2021	2020
		f	f
Non-school lettings Rent received		22,119	2,940 22,119
Sales ofgifts, Miscellaneous	books and cards income	4,660 870	2,070
		27,649	27,129

nalysis ofexpenditur	e on charitable activities
		2021	2020
		f	f
Operation offarms Livestock purchases Staff costs	S.produce costs	20,102 370,050	13,010 821,340
Premises costs		163,099	223,768
Other operating costs Depreciation		93,746 91,682	170,796 92,246
Support costs (see note 8) Staff costs		198,444	230,337
Other costs		47,798	75,063
Governance costs (see note 8) Audit S.accountancy Board costs		14,400 7,462	11,342 3,883
Staff costs		38,138	39,599
		1,044,921	1,681,384

	Analysis ofsupport	Analysis ofsupport	and governance	costs
	General	Governance	Total	Total	Basis of
	support f	function f	2021 f	2020 apportionment f
Salaries, wages & related costs	198,444	38,138	236,582	271,376	Staff time
General office costs	38,615	7,462	46,077	50,708	Direct
Legalfees	9,183		9,183	26,818	Direct
Audit &tax fees		14,400	14,400	11,342	Direct
Total	246,242	60,000	306,242	360,244
Net income/(expenditure)	for the year
				2021	2020
This is stated after charging:				f	f
Operating leases —equipment				38,534	38,534
Depreciation				91,682	92,246
Loss on disposal offixed	assets			1,647
Audit &tax fees				14,400	11,342
				146,263	142,122

Analysis ofstaff costs, trustee ersonnel	remuneration and expenses, and t	he cost of key ma	nagement
		2021	2020
		f	f
Salaries and wages Social security costs Pension costs		657,417 58,711 38,032	1,149,496 70,976 49,586
Other employee benefits		240
Other wages costs (including	subcontractors I recruitment)	22,482	23,326
		776,882	1,293,384

he average m nction during	asual and part time staff)	analysed b
	2021	2020
	Number	Number
Management, Fundraising 5 Administration Education, domestic 5 agricultural	14 8	15 57
	22	72

6.Tangible fixed a	ssets
						Furniture
			Freehold	Leasehold	Plant &	&
			Property f	Property f	Machinery f	Equipment f	Total
Cost:
As at 1September 2020 Additions			1,097,979 9,900	2,307,010 409,717	445,820 2,494	143,438	3,994,247 422,111
Disposals As at 31August	2021		1,107,879	2,716,727	(3,995) 444,319	(5,515) 137,923	(9,510) 4,406,848
Depreciation: As at 1September 2020 Disposals Charge for the year As at 31August 2021			157,153 14,816 171,969	720,704 34,668 755,372	324,610 (2,696) 28,181 350,095	108,804 (5,167) 14,017 117,654	1,311,271 (7,863) 91,682 1,395,090
Net book value
As at 1September		2020	940,826	1,586,306	121,210	34,634	2,682,976
As at 31August	2021		935,910	1,961,355	94,224	20,269	3,011,758
17.Stock
						2021	2020
						f	f
Animals and goods for resale Non animal stock used in operating farms					21,418 7,906		23,437 20,401
					29,324		43,838
18.Debtors
						2021	2020
						f	f
Trade debtors					203,445		4,889
Prepayments	and	accrued income			135,249		168,584
					338,694		173,473

Creditors:	amounts falling du	e wit	hin one year
				2021	2020
				f	f
Trade creditors				91,919	18,175
Other creditors and accruals				35,350	29,055
Deferred	income (residential	visits	to 31August 2022)	685,319	256,363
NatWest	Bank Loan (CBIL)			320,000
Amounts	due to FFCC Enterprises		Ltd		10,951
Taxation	and social security			21,604	23,562
				1,154,192	338,106

			2021	2020
			f	f
Deferred	income at 1September	2020	256,363	390,919
Resources	deferred in the year		428,956	32,000
Amounts	released from previous	years		(166,556)
Deferred	Income at 31August 2021		685,319	256,363

a) Year ending 31August 2021	Balance 1				Funds 31
	September	Incoming	Resources	Transfers	August
	2020	resources	expended		2021
	f	f	f
General fund	1,289,719	715,609	(1,016,144)		989,184
b) Year ending 31August 2020-As Restated Balance 1					Funds 31
	September	Incoming	Resources	Transfers	August
	2019 f	resources E	expendedf	f	2020 E
General fund	1,040,455	1,993,048	(1,609,420)	(134,364)	1,289,719

				Balance 1				Funds 31
				September	Incoming	Resources		August
				2020 f	resources f	expended f	Transfers	2021 f
~Cherit wide
Geographically	restricted		child
places					40,523			40,523
Access Funds				26,993	17,500			44,493
Covid emergency		funding			101,950	(101,950)
Residential and	day visits				14,700	(8,700)		6,000
Restoration of buildings					120,000		(58,776)	61,224
Governance Fund					1,688	(1,688)
				26,993	296,361	(112,338)	(58,776)	152,240
Nethercott House
Outdoor Games				129		(129)
Day Visits					5,671	(5,671)
Farm equipment					2,086			2,086
All other donations		&f1,000			1,922	(1,922)
Own Use Property				575,357		(14,770)	6,000	566,587
				575,486	9,679	(22,492)	6,000	568,673
Restoration of buildings				2,126	4,830	(1,262)		5,694
Farm equipment	S.garden
work				5,915	1,500	(7,415)
All other donations		&f1,000			2,443	(2,443)
Own use Property				446,903		(15,388)	15,635	447,150
				454,944	8,773	(26,508)	15,635	452,844
Wick Court
Pond dipping				843		(843)
Friends ofWick	Court			10,470	437	(10,907)
Roof				4,037		(4,037)
Restoration of buildings					279,340		(279,340)
Day Visits					5,080	(5,080)
All other donations		&f1,000			471	(471)
Own use Property				1,060,338		(21,632)	316,481	1,355,187
				1,075,688	285,328	(42,970)	37,141	1,355,187
Total				2,133,111	600,141	(204,308)	-	2,528,944

Analysis of movements in restricte	Analysis of movements in restricte	Analysis of movements in restricte	Analysis of movements in restricte	d funds
b) Year Ending 31August 2020-				As Restated
				Balance 1				Funds 31
				September	Incoming	Resources		August
				2019 f	resources f	expended f	Transfers	2020 f
~Charit wide
Geographically restricted			child
places Access Funds				57,244	47,050 -	(47,050) (5,251)	(25,000)	26,993
				57,244	47,050	(52,301)	(25,000)	26,993
Nethercott House
Farm School Manager's			salary		15,000	(15,000)
Pig Shed Outdoor Games				567	8,429	(8,429) (438)		129
Roundhouse				15,000		(15,000)
All other donations Own Use Property		&f1,000		614,520	1,113	(1,113) (14,350)	(24,813)	575,357
				630,087	24,542	(54,330)	(24,813)	575,486
Restoration of buildings				23,438		(21,312)		2,126
Cookery classroom				199		(199)
Cafe				19,091		(19,091)
Farm equipment work	gt	garden		6,707		(792)		5,915
Own use Property				380,268		(13,441)	80,076	446,903
				429,703		(54,835)	80,076	454,944
Wicl& Court
Pond dipping Friends of Wicl& Court				3,904 12,845	3098	(3,061) (5473)		843 10,470
Roof				88,970	13,000	(118,623)	20,690	4,037
All other donations Own use Property		&f1,000		989,980	700	(700) (13,053)	83411	1060,338
Total				1,095,699 2,212,733	16,798 88,390	(140,910) (302,376)	104,101 134,364	1,075,688 2,133,111

Analysis ofcharitable funds (contin	Analysis ofcharitable funds (contin	ued)	ued)	ued)
Name ofrestricted fund		Description, nature and purposes ofthe fund
Lower Treginnis:	Cafe	Funds received Jewson to convert an		outbuilding		at Lower
		Treginnis.
Lower Treginnis:	Farm equipment	Funds received from	Puffin Produce	and a local donor to
5garden work		fund new pig and poultry fencing, pallet forms			and general
		garden works.
Wick Court: Pond	dipping	Funds received from	the Halpin Trust	and local		businesses
		for the construction	of a new pond	dipping	platform and
		associated equipment.
Wick Court: Friends of Wick Court		Donations received	this year partly	funded		restoration
		works at Wick Court.
Wick Court: Roof		Grants received funded the replacement ofthe				main house
		roof.

a) Year ending 3	1August 2021
		Unrestricted	Restricted
		Funds	Funds	Total
		f	f	f
Tangible fixed assets Investment		633,597 6,097	2,378,161	3,011,758 6,097
Cash at bank and	in hand	1,160,664	125,783	1,286,447
Other net current	assets/(liabilities)	(811,174)	25,000	(786,174)
Total		989,184	2,528,944	3,518,128
b) Year ending 31August 2020- As Restated
		Unrestricted	Restricted
		Funds	Funds	Total
		f	f	f
Tangible fixed assets In ve st m ent		600,380 6,177	2,082,598	2,682,978 6,177
Cash at bank and	in hand	833,926	20,544	854,470
Other net current	assets/(liabilities)	(150,764)	29,969	(120,795)
Total		1,289,719	2,133,111	3,422,830

	2021	2020
	f	f
Not later than 1year	37,869	37,707
Later than 1year and not later than 5years	120,934	120,928
Later than 5years	80,520	102,480
	239,323	261,115

			2021	2020
			f	f
Net movement in funds			95,298	169,642
Add back depreciation charge			91,682	92,246
Deduct interest income shown	in investing	activities	(540)	(3,063)
Loss/(profit) on disposal offixed assets			1,647
Decrease/(increase) in stock			14,514	(2,901)
(Increase)/decrease in debtors			(165,221)	62,808
Increase/(decrease) in creditors			496,086	(177,579)
Net cash used in operating activities			533,466	141,153

					Other	Balance
			Balance 1		non-	31
			September		cash	August
			2020 f	Cashflows f	changes f	2021 f
Cash	at bank and	in hand	854,470	431,977		1,286,447
Bank	loan falling	due within 1year		(320,000)		(320,000)
			854,470	111,977		966,447

commitments to b	e contracted within the ne	xt year and financed b	y cash reserves	and grants
			2021	2020
			f	f
Capital expenditure provided for in the	that has been contracted Financial Statements	but has not been	66,917	2,126