##
##
|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|