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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||||||
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|||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|
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|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|onthly
number
of employees
(including
c
the year was as follows:|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|
##
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##
##
##
##
|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|
##