2022-08-31-accounts

Chair	Simon Gregory			(resigned	as Chair 14
				December	2022)
	Rachel Goult			(appointed	as Chair 14
				December	2022)
Trustees	Sir Michael Morpurgo		OBE
	Lady Morpurgo	MBE
	Frances Harris
	Justin Albert OBE			(resigned	1November 2022)
	Peter Pantlin			(resigned	6October 2022)
	Richard Ash
	Andrew Bailey
	Jonathan Bishop
	Donna Edmonds			(resigned	17December 2022)
	Rachel Goult
	Simon Gregory
	Laura Reynolds			(resigned	3September 2022)
	Mel Squires			(resigned	29 April 2022)
Secretary	Lady Morpurgo	MBE
Chief Executive	Vanessa Fox			(resigned	3January 2022)
	Donna Marie Edmonds			(appointed	17January 2022)
Auditors	Wescotts (SW) LLP
	47 Boutport Street
	Barnstaple
	Devon
	EX311SQ
Bankers	NatWest Bank pic
	59 High Street
	Exeter
	Devon
	EX43DL

Financial:	Financial:	Financial:	The	charity	charity	relies	relies	heavily	heavily	heavily	on	two	Board focus, diversification of income including
primary			sources		of	income:		payments				from	commercial lettings, increased number of
visiting		school groups,				and	charitable			donations.			operating weeks and diversification of
													beneficia groups.
Cost of		Living Crisis: Parents and schools									may be		Exploding ways ofoffering more Access Funds to
unable	to afford			a	residential			visit.					reduce the cost of a farm visit for the children
													most in need.
Inflation:			Utilities,		food		and	other		costs are			Board focus, regular reforecasts, and review of
impacted			by the	high inflation				rate.					costs, putting on hold any non-essential
													expenditure.
Health			and Safety:			There		are	considerable				Continuing good practice in terms of children
health		8 safety		risks		associated			with		farming		working on a farm, work with health & safety
and	with children					working			in		a	farm	advisers NFU, who audit our practice annually,
environment.													provide annual action plans and provide an on-
													call service.
Child	protection				and	safeguarding:				There are			Every school group is accompanied by at least 4
inherent			child protection				and	safeguarding				risks	members of staff from their own school who
in any	residential				settiiig.								remain in loco parentis throughout the day, all
													staff have an up-to-date DBScheck, participate
													in safeguarding training tothe appropriate level
													and are regularly made aware ofthe Charity's
													child protection and safeguarding policy,
													including the disclosure procedure. The
													Safeguarding and Child Protection Policy
													remains under annual review and is updated as
													necessary.

		for	the year	ending 31Augus	t 2022
						Total	Total
				Unrestricted	Restricted	Funds	Funds
			Note	Funds	Funds	2022	2021
					6	E	E
Income
Donations and legacies Donations and legacies			3	446,018	101,481	547,499	447,691
Income from charitable	octivities:
Charitable activities			4	1,090,149	267,450	1,357,599	839,870
Income from other trading
activities:
Trading operations				46,970		46,970	27,649
Investment income				1,131		1.131	540
Other income				3,537		3,537
Total income				1,587,805	368,931	1,956,736	1,315,750
Expenditure
Costs ofroising funds:
Trading operations Fundraising support costs				24,296 214,325		24,296 214,325	9,605 165,926
Expenditure on charitable
activities:
Charitable activities			7	1,601,771	346,247	1,948,018	1,044,921
Total expenditure				1,840,392	346,247	2,186,639	1,220,452
Transfers between funds				(9,464)	9,464
Gain on sale ofland				535,597		535,597
Net (expenditure)/income		and
net movement in funds	for	the
year			9	273,546	32,148	305,694	95398
Reconciliation offunds
Total Funds brought forward				989,184	2,528,944	3,518,128	3,422,830
Total funds carried forward				1,262,730	2,561,092	3,823,822	3,518,128

			Note	2022	2021
					6
Fixed assets
Tangible assets			17	2,911,128	3,011,758
Investment				6,097	6,097
		Total Fixed Assets		2,917,225	3,017,855
Current assets
Stock			18	47,307	29,324
Debtors			19	194,890	338,694
Cash at bank	and in	hand	20	1,432,207	1,286,447
		Total Current Assets		1,674,404	1,654,465
Liabilities
Creditors falling due		within one year	21	(767,807)	(1,154,192)
Net Current	assets			906,597	500,273
Net assets				3,823,822	3,518,128
The funds ofthe Charity:			22
Unrestricted	funds			1,262,730	989,184
Restricted funds				2,561,092	2,528,944
		Total charity funds		3,823,822	3,518,128

				Note	2022	2021
					f
Cash used in operating activities				25	(84,739)	533W6
Cash flows from investing activities
Interest income					1,131	540
Repayment ofinvestment from	FFCC Enterprises		Ltd			82
Sale oftangible fixed assets					645,200
Purchase oftangible fixed assets					[94,538)	(422,111)
Cash used in investing activities					551,793	(421,489)
Cash used in financing activities
Draw down ofbank borrowings	(CBIL)				(321,294)	320,000
Cash used in financing activities					(321,294)	320,000
(Decrease)/increase in cash and	cash equivalents		in the year		145,760	431,977
Cash and cash equivalents atthe beginning Total cash and cash equivalents atthe end		ofthe year ofthe year			1,286,447 1,432,207	854,470 1,286~7

ncome from do	nations and legacie	s
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2022	2022	2022	2021
			E	6	6
Donations			416,605	54,747	471,352	393,758
Profit donated	by FFCC Enterprises	Ltd				8,833
Legacies			29,413	46,734	76,147	45,100
			446,018	101,481	547899	447'691

			Unrestdcted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2022	2022	2022	2021
			f	6	6	6
Residential visits			815,671		815,671
Day visits			4,000		4,000	10,030
Grants —Capital				11,000	11,000	399,340
Grants —Revenue			237,962	256,450	494,412	249,251
HMRC Coronavirus		Job Retention
Scheme						135,298
Farm produce sales			10,589		10,589	20,403
Farm livestock sales			5,658		5,658	10,229
Rural Payments	Agency grants		16,269		16,269	15,319
			1,090,149	267A50	1,357,599	839470

ading and the	sale ofgifts, books, and cards.
		2022	2021
		6	6
Rent received		18,519	22,119
Sales ofgifts,	books and cards	26,973	4,660
Miscellaneous	income	1,478	870
		46970	27649

nalysis ofexpenditur	e on charitable activities
		2022f	2021 6
Operation offarms
Livestock purchases	& produce costs	3,367	20,102
Staff costs		1,020,384	370,050
Premises costs		263,937	163,099
Other operating costs		153,273	93,746
Depreciation		78,878	91,682
Support costs (see note 8)
Staffcosts		271,515	198,444
Other costs		110,236	47,798
Governance costs (see note 8)
Audit &accountancy		9,600	14,400
Board costs		2,715	7,462
Staff costs		34,113	38,138
		1,948,018	1,044,921

		Analysis ofsupport	Analysis ofsupport	and governance	costs
		General	Governance	Total	Total	Basis of
		support f	function f	2022 f	2021 f apportionment
Salaries, wages &related costs		271,515	34,113	305,628	236,582	Stafftime
General office costs		$2,239	2,715	84,954	46,077	Direct
Legal fees		27,997		27,997	9,1$3	Direct
Audit &tax fees			9,600	9,600	14,400	Direct
Total		381,751	46,42$	428,179	306,242
et income/(expenditure)	for	the year
					2022	2021
This is stated after charging:					f	f
Operating leases- equipment					39,221	38,534
Depreciation					78,878	91,682
(Profit)/Loss on disposal	offixed assets				(528,910)	1,647
Audit &tax fees					9,600	14,400
					(401,211)	146,263

11.Analysis ofstaff	costs, trustee	remuneration	and expenses, and	the cost of key management	the cost of key management
personnel
				2022	2021
				E	6
Salaries and wages Social security costs				1,302,455 119,148	657,417 58,711
Pension costs				64,453	38,032
Other employee	benefits			100	240
Other wages costs (including		subcontractors	&recruitment)	42,147	22,482
				1,528,303	776,882

unction during	the year wa	s as follows:
			2022	2021
			Number	Number
Management,	Fundraising	&Administration	17	14
Education, domestic &agricultural			31	8
			48	22

angible fixed	assets
					Furniture
		Freehold	Leasehold	Plant &	&
		Property E	Property E	Machinery f	Equipment	f	Total E
Cost:
As at 1September 2021		1,107,879	2,716,727	444,319	137,923		4,406,848
Additions		14,396	45,993	34,149			94,538
Disposals		(109,403)		(8,641)	27,231)		(145,275)
As at31August 2022		1,012,872	2,762,720	469,827	110,692		4,356,111
Depreciation:
As at 1September 2021		171,969	755,372	350,095	117,654		1,395,090
Disposals				(8,641)	(20,344)		(28,985)
Charge for the	year	15,136	35,448	23,028	5,266		78,878
As at 31August 2022		187,105	790,820	364,482	102,576		1,444,983
Net book value
As at 1September 2021		935,910	1,961,355	94,224	20,269		3,011,758
As at 31August 2022		825,767	1,971,900	105,345	9,980		2,911,128
Stock
					2022		2021
					E		E
Animals and goods for resale				28,485			21,418
Non animal stock used in operating farms				18,822			7,906
				47,307			29,324
Debtors
					2022		2021
					E		E
Trade debtors				51,104			203,445
Prepayments	and accrued income			143,786			135,249
				194,890			338,694

Creditors: amounts falling du	e within one year
		2022	2021
		6
Trade creditors		47,379	91,919
Other creditors and accruals		50,238	35,350
Deferred income (residential	visits to 31August 2023)	640,946	685,319
NatWest Bank Loan (CBIL)			320,000
Taxation and social security		29,244	21,604
		767,807	1,154,192

		2022 6	2021f
Deferred	income at 1September 2021	685,319	256,363
Resources	deferred in the year	357,819	428,956
Amounts	released in the year	(402,192)
Deferred	Income at31August 2022	640,946	685,319

a) Year ending 31August 2022
	Balance 1				Funds 31
	September	Incoming	Resources	Transfers	August
	2021 f	resources	expendedf	f	2022f
General fund	989,184	2,123,402	(1,840,392)	(9,464)	1,262,730
b) Year ending 31August 2021	Balance 1				Funds 31
	September	Incoming	Resources	Transfers	August
	2020 f	resources f	expended f		2021 f
General fund	1&289,719	715,609	(1,016,144)		989,184

			Balance 1				Funds 31
			September	Incoming	Resources		August
			2021 f	resources f	expended f	Transfers	2022 f
C~hit id
Geographically restricted		child
places			40,523	97,992	(100,195)		38,320
Access Funds			44,493	146,396	(81,093)		109,796
Residential and day	visits		6,000	64,304	(63,870)		6,434
Restoration of buildings			61,224		(627)	(50,620)	9,977
			152,240	308,693	(245,785)	(50,620)	164,527
Nethercott House
Farm equipment			2,086		(2,086)
Residential visits at	Nethercott
House				25,000	(25,000)
All other donations	&f1,000			1,060	(1,060)
Own Use Property			566,587	-	(14,972)	10,100	561,715
			568,673	26,060	(43,118)	10,100	561,715
~CT
Restoration of buildings			5,694		(1,352)	(4,342)
Farm equipment &	garden
work				12,028	(3,789)	(8,239)
All other donations	&E1,000			1,620	(1,620)
Own use Property			447,150		(17,380)	42,713	472,483
			452,844	13,648	(24,141)	30,132	472,483
Wick Court
Friends ofWick Court				237	(237)
Plant & machinery				11,000	(597)	(10,403)
Residential visits at	Wick Court			5,000	(5,000)
Reintroducing horses at Wick
Court				2,000	(2,000)
All other donations	&f1,000			2,294	(2,294)
Own use Property			1,355,187		(23,075)	30,255	1,362,367
			1,355,187	20,531	(33,203)	19,852	1,362,367
Total			2,52$,944	368,931	(346,247)	9,464	2TS61,092

					Balance 1				Funds 31
					September	Incoming	Resources		August
					2020	resources	expended	Transfers	2021
					f	6	6		6
C~si id
Geographically	restricted			child
places						40,523			40,523
Access Funds					26,993	17,500			44,493
Covid-19 emergency		funding				101,950	(101,950)
Residential and	day	visits				14,700	(8,700)		6,000
Restoration ofbuildings						120,000		(58,776)	61,224
Governance Fund						1,688	(1,688)
					26,993	296,361	(112,338)	(58,776)	152,240
Methercott 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
~iw n' i vis
Restoration ofbuildings					2,126	4,830	(1,262)		5,694
Farm equipment	a	garden
work					5,915	1,500	(7,415)
All other donations		&	61,000			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
~Wi C
Pond dipping					843		(843)
Friends ofWick	Court				10,470	437	(10,907)
Roof					4,037		(4,037)
Restoration ofbuildings						279,340		(279,340)
Day Visits						5,080	(5,080)
All other donations		&	61,000			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

Name agI%5@egftttMLv	Name agI%5@egftttMLv	Name agI%5@egftttMLv	Name agI%5@egftttMLv	Name agI%5@egftttMLv	Name agI%5@egftttMLv	~L, ~	J
Geographically restricted						child		Donations received to support children from specific
places								geographical areas ofthe IJKor specific schools.
Access Funds								Funding received from various trusts &foundations which
								was allocated to support schools that would not be able to
								visit our farms without additional financial support.
Covid-19 emergency				funding				Funding received from the Heritage Emergency Fund and
								the Charity Survival Fund (Julia and Hans Rausing Trust) to
								sup ort core costs during the Covid-19 pandemic.
Residential	visits	(all farms)						Funding received from various trusts & foundations to
								support residential visits.
Day visits (all farms)								Funding and donations received to support children to visit
								the farm forthe day during the Covid-19 pandemic.
Restoration	of buildings				(all			Grants received to support the restoration, maintenance g
farms)								improvement ofthe farm buildings. An amount ofE9,977
								is carried forward for restoration works at Wick Court.
Governance	Fund							Funds received to assist with recruitment ofnew Trustees,
Own use Property			(all farms)					The restricted capital fund balances for Nethercott House,
								Lower Treginnis and Wick Court include funds received for
								specific capital developments, and assets including land,
								property values and major plant.
All other donations				&El,DDD (all				Donations received for a specific farm; these are allocated
farms								to core runnin costs for each farm.
Nethercott	House:		Outdoor					Funding received from GC Gibson Charitable Fund Trust for
Games								the purchase ofoutdoor games for visiting children.
Nethercott	House:			Farm				Funds received from the Co-op Community Fund to
equipment								purchase log splitters forthe children to use on the farm.
Lower Treginnis:		Farm equipment						Donations received to fund various items of farm
&garden work								equipment and garden work. In 2021-22, funds received
								enabled the purchase of a new chicken shed and a
								dishwasher as well as further 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			ofWick Court				Donations received this year partly funded maintenance
								costs at Wick Court.
Wick Court:	Roof							Grants received funded the replacement ofthe main house
								roof.
Wick Court:	Plant		&Machinery					Funds received from the Halpin Trust funded the purchase
								ofa new greenhouse and garden tractor.
Wick Court:	Reintroducing					horses		Funds received from Lord Barnby's Trust partly funded the
								reintroduction ofhorses at Wick Court.

a) Year ending 31August 2022
	Unrestricted	Restricted
	Funds	Funds	Total
	6	6
Tangible fixed assets	514,563	2 396565	2911128
Investment	6,097		6,097
Cash at bank and in hand	1,302,680	129,527	1,432,207
Other net current assets/(liabilities)	(560,610)	35,000	(525,610)
Total	1,262,730	2,561,092	3,823,$22
b) Year ending 31August 2021
	Unrestricted	Restricted
	Fundsf	Funds 6	Total 6
Tangible fixed assets	633,597	2,378,161	3,011,758
Investment	6,097		6,097
Cash at bank and in hand	1,160,664	125,783	1,286,447
Other net current assets/(liabilities)	(811,174)	25,000	(786,174)
Total	989,184	2,52$,944	3,518,128

he total future minimum lease payments under non-canc	ellable operating lease	s are asfoll
	2022	2021
	E	f
Not later than 1year	23,16$	37,869
Later than 1year and not later than 5years	62,251	120,934
Later than 5years		80,520
	85,419	239,323

				2022	2021
				6	6
Net movement in funds				305,694	95,298
Add back depreciation	charge			78,878	91,682
Deduct interest income	shown	in investing	activities	(1,131)	(540)
Loss/(profit) on disposal offixed assets				(528,910)	1,647
Decrease/(increase) in	stock			(17,983)	14,514
(Increase)/decrease in	debtors			143,804	(165,221)
Increase/(decrease) in	creditors			(65,091)	496,086
Net cash used in operating activities				(84,739)	533,466

				Other	Balance
		Balance 1		non-	31
		September		cash	August
		2021 f	Cashf lowe 6	changes f	2022 6
Cash	at bank and in hand	1,286,447	145,760	—	1,432,207
Bank	loan falling due within 1year	(320,000)	321,294	(1,294)
		966,447	467,054	(1,294)	1,432,207

Capital Commitments
Farms for City Children	has future commitments		forthe following	projects and expects these
commitments to be contracted within the next year and Financed				by cash reserves	and grants.
				2022	2021
				6	6
Capital expenditure that	has been contracted	but has not been
provided for in the Financial Statements					66,917