2023-08-31-accounts

Financial:	Financial:	Financial:	The	chadity	chadity		relies	heavily	heavily	heavily	on	on	two	Board focus, investment in fundraising,
primary			sources		of	income:		payments					from	marketing &communications, diversification of
visiting		school groups,				and charitable				donations.				income including commercial lettings, increased
														number of operating weeks and diversification
														of beneficiary groups.
Cost of		Living Crisis: Parents and schoo(s										may be		Exploring ways ofoffering more Access Funds to
unable		to	afford	a	residenlial			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		&	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			setting.										remain in loco parentis throughout the day, all
														staff have an up-to-date DBScheck, participate
														in safeguarding training to the appropriate level
														and are regularly made aware of the 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 2023
						Total	Tota I
				Unrestricted	Restricted	Funds	Funds
			Note	Funds	Funds	2023	2022
				E	E	f	E
Income
Donations and legacies
Donations and legacies			3	447,629	91,285	538,914	547,499
Income from charitable		activities:
Charitable activities			4	1,529,464	491,245	2,020,709	1,357,599
Income from other troding
activities:
Trading operations				53,791		53,791	46,970
Investment income				13,485		13,485	1,131
Other income							3,537
Totalincome				2,044,369	582,530	2,626,899	1,956,736
Expenditure
Costs ofraising funds:
Trading operations				25,517		25,517	24,330
Fundraising support	costs			213,021		213,021	214,325
Expenditure on charitable
activities:
Charitable activities			7	1,648,404	520,168	2,168,572	1,948,018
Total expenditure				1,886,942	520,168	2,407,110	2,186,673
Gain/(loss) on sale offixed assets				14,000		14,000	535,597
Net (expenditure)/income and
net movement in funds		for the
year			9	171,427	62,362	233,789	305,660
Reconciliation offunds
Total Funds brought	forward			1,282,143	2,561,092	3,843,235	3,537,575
Total funds carried	forward			1,453,570	2,623/I54	4,077,024	3,843,235

				Group	Group	Charity	Charity
			Note	2023 6	2022f	2023 F.	2022 6
Fixed assets
Tangible assets			17	2,931,167	2,911,128	2,931,167	2,911,128
Investment			10			1	6,097
		Total Fixed Assets		2,931,167	2,911,128	2,931,168	2,917,225
Current assets
Stock			18	49,824	47,307	40,546	47,307
Debtors			19	152,687	194,890	165,835	194,890
Cash at bank		and in hand	20	1,480,676	1,458,716	1,425,949	1,432,207
	Total Current Assets			1683187	1700~913	1p632~330	1674404
Liabilities
Creditors falling due within
one year			21	(537,330	(768.806)	(530,744)	(767,807)
Net Current		assets		1,145p857	932,107	1,101,586	906,597
Net assets				4,077,024	3,843,235	4,032,754	3,823,822
The funds	ofthe Group:		22
Unrestdicted		funds		1,453,570	1,282,143	1,409,300	1,262,730
Restricted	funds			2,623,454	2,561,092	2,623,454	2,561,092
		Total group funds		4,077,024	3,843,235	4,032,754	3,8232)22

			Group	Group	Charity	Charity
		Note	2023	2022	2023	2022
			f	6	E	E
Cash generated by/(used in) operating
activities		25	101p908	(84,771)	67,595	(84,739)
Cash flows (used in)/generated	by
investing activities
Interest income			13,485	1,131	13,485	1,131
Repayment ofinvestment from	FFCC
Enterprises Ltd					6,095
Sale oftangible fixed assets			14,000	645,200	14,000	645,200
Purchase oftangible fixed assets			(107,433)	(94,538)	(107,433)	(94,538)
Cash (used in) investing activities			(79,948)	551,793	(73,853)	551,793
Cash (used) in financing activities
Repayment ofbank borrowings	(CBIL)			(321,294)		(321,294)
Cash (used in) financing activities				(321,294)		(321,294)
Increase/(decrease) in cash and	cash
equivalents in the year			21,960	145,728	(6,258)	145,760
Cash and cash equivalents atthe
beginning ofthe year			1,458,716	1,312,988	1,432,207	1,286,447
Total cash and cash equivalents	atthe
end ofthe year			1,480,676	1,458,716	1,425,949	1,432,207

	Unrestricted	Restricted	Total	Tote I
	Funds	Funds	Funds	Funds
	2023	2023	2023	2022
	f	6	6	6
Donations	437,667	91,285	528,952	471,352
Legacies	9,962		9,962	76,147
	447,629	91,285	538,914	547,499

ncome	from Cha	ritable Activities
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2023	2023	2023	2022
			6	6	6	6
Residential visits			1,223,704		1,223,704	815,671
Day visits			11,920		11,920	4,000
Grants	—revenue		261,186	431,321	692,507	494,412
Grants	—capital			59,924	59,924	11,000
Farm	produce sales		17,562		17,562	10,589
Farm	livestock sales		9,637		9,637	5,658
Rural	Payments	Agency grants	5,455		5,455	16,269
			1529464	491245	2p020'709	1357599

summary of	the trading results is shown below.
		2023	2022
		E	E
Rent received		9,819	18,519
Holiday lets		11,219
Sales ofgifts,	books and cards	29,051	26,973
Miscellaneous	income	3,702	1,478
		53,791	46,970

				2023 E	2022f
Turnover				40,270
Cost ofsales &administration		costs		(15,417)	(34)
hiet profit/(loss)				24,853	(34)
Amount	gift aided to the Charity
Retained	in subsidiary			24,853	(34)
The assets and liabilities ofthe		subsidiary	were:
Current	assets			64,001	26,509
Current	liabilities			(19,734)	(7,096)
Totalnet	assets			44,267	19,413
Aggregate share capital &reserves				44,267	19,413

		2023	2022
		6	6
Operation offarms
Livestock purchases	&produce costs	18,968	3,367
Staff costs		1,101,613	1,020,384
Premises costs		310,802	263,937
Other operating costs		214,056	153,273
Depreciation		87,394	78,878
Support costs (seenote 8)
Staffcosts		302,860	271,515
Other costs		87,665	110,236
Governance costs (see note 8)
Audit &accountancy		12,600	9,600
Board costs		3,169	2,715
Staffcosts		29,445	34,113
		2~168p572	1948018

	Analysis ofsupport	Analysis ofsupport	and governance	costs
	General	Governance	Total	Total	Basis of
	support	function	2023	2022	apportionment
	6	6	E	E
Salaries, wages &related costs	302,860	29,445	332,305	305,628	Stafftime
General office costs	80,822	3,169	83,991	84,954	Direct
Legalfees	6,843		6,843	27,997	Direct
Audit &tax fees		12,600	12,600	9,600	Direct
Total	390,525	45,214	435,739	428,179

	2023	2022
This isstated after charging/(crediting):	E	E
Operating leases —equipment	29,100	39,221
Depreciation	87,394	78,878
(Profit)/Loss on disposal offixed assets	(14,000)	(528,910)
Audit &tax fees	12,600	9,600

Analysis ofstaff costs, trustee remuneration ersonnel	and expenses, and	the cost of key ma	nagement
		2023	2022
		6	E
Salaries and wages		1,367,671	1,302,455
Social security costs		120,416	119,148
Pension costs		77,181	64,453
Other employee benefits			100
Other wages costs (including subcontractors	lk recruitment)	63,352	42,147
		1,628,620	1,528,303

unction during	the year wa	s as follows:
			2023	2022
			Number	Number
Management,	Fundraising	&Administration	17	17
Education, domestic &agricultural			33	31
			50	48

angible fixed assets —chari	ty (also comprisi	ng that ofth	e group)
				Furniture
	Freehold	Leasehold	Plant &	&
	Property	Property	Machinery	Equipment	Total
	E	E	E	E	E
Cost:
As at1September 2022	1,012,872	2,762,720	469,827	110,692	4,356,111
Additions	18,529	32,771	54,056	2 077	107433
Disposals			(24,474)	(2,051)	(26,525)
As at 31August 2023	1,031,401	2,795,491	499,409	110,718	4,437,019
Depreciation:
As at 1September 2022	187,105	790,820	364,482	102,576	1,444,983
Disposals			(24,474)	(2,051)	(26,525)
Charge for the year	15,507	36,068	30,512	5,307	87,394
As at31August 2023	202,612	826,888	370,520	105,832	1,505,852
Net book value
As at 1September 2022	825,767	1,971,900	105,345	8,116	2,911,128
As at 31August 2023	828,789	1,968,603	128,889	4I886	2p931167

Stock
			Group	Group	Chadity	Charity
			2023	2022	2023	2022
			E	E	E	E
Animals	and goods for resale		28,048	28,485	18,770	28,485
Non animal stock used in operating		farms	21,776	18,822	21,776	18,822
			49,824	47,307	40,546	47,307

		Group	Group	Charity	Charity
		2023	2022	2023	2022
		E	E	E	E
Trade debtors		81,624	51,104	94,772	51,104
Prepayments	and accrued income	71,063	143,786	71,063	143,786
		152,687	194,890	165435	194,890

Creditors
		Group	Group	Charity	Charity
		2023 6	2022 6	2023f	2022 6
Trade creditors		88,237	47,379	85,407	47,379
Other creditors and accruals		52,197	51,238	51,198	50,238
Deferred income (residential	visits Ik holiday
lets to31August 2024)		368,172	640,946	365,415	640,946
Taxation and social security		28,724	29,243	28,724	29,244
		537330	768g806	530744	767~807

			2023	2022
			6	6
Deferred	income at 1September 2022		640,946	685,319
Resources	deferred	in the year	384,272	357,819
Amounts	released	in the year	(657,046)	(402,192)
Deferred	Income at31August 2023		368,172	640,946

Analysis ofmovements	in unrestricted funds
a) Year ending 31August 2023
	Balance 1				Funds 31
	September	Incoming	Resources	Transfers	August
	2022	resources	expended		2023
	6	6	6	6	8
Generalfund	1,282,143	2,058,369	(1,886„942)		1,453,570
b) Year ending 31August 2022
	Balance 1				Funds 31
	September	Incoming	Resources	Transfers	August
	2021	resources	expended		2022
	6	8	f	6	8
General fund	1,008,631	2,123,402	(1,840,426)	(9,464)	1,282,143

a) Year Ending 31	August 2023
		Balance 1				Funds 31
		September	Incoming	Resources		August
		2022 E	resources f	expended E	Transfers	2023 f
c~hi v
Geographically restricted
beneficiades for both 2022 and
2023		38,320	197,029	(174,954)		60,395
Access Funds		109,796	238,055	(175,491)		172,360
Residential and day	visits	6,434	60,892	(67,326)
Restoration of buildings		9,977		(9,977)
Gardening sessions			1,000	(1,000)
		164,527	496,976	(428,748)		232,755
Nethercott House
Farm equipment			25,464		(2,077)	23,387
Residential visits at	Nethercott
House			8,300	(8,300)
All other donations	&E1,000		5,738	(5,738)
Own Use Property		561,715		(16,162)	2,077	547,630
		561,715	39,502	(30,200)		571,017
~lT
All other donations	&E1,000		4,164	(4,164)
Own use Property		472,483	-	(17,523)		454,960
		472,483	4,164	(21,687)		454,960
Wick Court
Friends ofWick Court			253	(253)
Plant &machinery			25,012		(25,012)
All other donations	&E1,000		16,623	(8,679)	(7,944)
Own use Property		1,362,367		(30,601)	32,956	1,364,722
		1,362,367	41,888	(39,533)		1,364,722
Total		2,561,092	582,530	(520,168)		2,623p454

b) Year Ending 31August 2022	b) Year Ending 31August 2022	b) Year Ending 31August 2022
			Balance 1	Incoming	Resources		Funds 31
			September	resources	expended		August
			2021				2022
						Transfers
				6	f
~Ci it id
Geographically restricted			40,523	97,992	(100,195)		38,320
beneficiaries for both 2022 and
2023
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
Neihercott House
Farm equipment			2,086		(2,086)
Residential visits	at	Nethercott		25,000	(25,000)
House
All other donations		&61,000		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
~LT
Restoration of buildings			5,694		(1,352)	(4,342)
Farm equipment	&	garden		12,028	(3,789)
work						(8,239)
All other donations		&61,000		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				2,000	(2,000)
Court
All other donations		&E1,000		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			2,528,944	368,931	(346,247)	9,464	2,561,092

Geographically	Geographically	restricted	restricted	restricted		child	Donations received to support children from specific
places							geographical areas ofthe UK or specific schools.
Access Funds							Funding received from various trusts & foundations and the
							Friends ofTreginnis which was allocated to support schools
							that would not be able to visit our farms without additional
							financial sup ort.
Residential	visits		(all farms)				Funding received from various trusts & foundations to
							support residential visits.
Restoration of		buildings			(all		Grants received to support the restoration, maintenance &
farms)							improvement ofthe farm buildings.
Gardening	sessions			(all farms)			Funds received from the Worshipful Company of Gardeners
							funded gardening sessions atthe farms.
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				&E1,000 (all			Donations received for a specific farm; these are allocated
farms)							to core running costs for each farm.
Nethercott	House:			Farm			Funds received to purchase a bee shed and equipment, pig
equipment							arcs, weighing scales, a poultry poly tunnel and equipment
							for a cattle project at Nethercott House.
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: Friends ofWick Court							Donations received this year partly funded maintenance
							costs at Wick Court.
Wick Court: Plant			&Machinery				Funds received from the Halpin Trust partly funded the
							purchase ofa new tractor.
Wick Court: Reintroducing						horses	Funds received from Lord Barnby's Trust partly funded the
							reintroduction ofhorses at Wick Court.

a) Year ending 31August 2023
	Unrestricted	Restricted
	Funds	Funds	Total
	6	6	6
Tangible fixed assets	563,855	2,367,312	2,931,167
Cash at bank and in hand	1,238,634	242,042	1,480,676
Other net current assets/(liabilities)	(348,919)	14,100	(334,819)
Total	1,453,570	2,623,454	4,077,024

b) Year ending 31August 2022
	Unrestricted	Restricted
	Funds	Funds	Total
	8	6	6
Tangible fixed assets	514,563	2,396,565	2,911,128
Cash at bank and in hand	1,329,189	129,527	1,458,716
Other net current assets/(liabilities)	(561,609)	35,000	(526,609)
Total	1,282,143	2,561,092	3,843,235

	2023	2022
	6	f
Not later than 1year	22,503	23,168
Later than 1year and not later than 5years	48,597	62,251
Later than 5years
	71,100	85,419

Reconciliation ofnet m	ovement	in funds to n	et cash flow fr	om operatin	g activities
			Group	Group	Charity	Charity
			2023	2022	2023	2022
			E	E	E	E
Net movement in funds			233,789	305,660	208,933	305,694
Add back depreciation	charge		87,394	78,878	87,394	78,878
Deduct interest income	shown	in investing
activities			(13,485)	(1,131)	(13485)	(1,131)
Loss/(profit) on disposal offixed assets			(14,000)	(528,910)	(14,000)	(528,910)
Decrease/(increase) in	stock		(2,517)	(17,983)	6,761	(17,983)
(Increase)/decrease in	debtors		42,203)	143,806	29,055	143,804
Increase/(decrease) in	creditors		(231,476)	(65,091)	(237,063)	(65,091)
Net cash used in operating activities			101,908	(84,771)	67,595	(84,739)

			2023	2022
			E	E
Capital expenditure	that has been contracted	but has not been
provided for in the	Financial Statements		19,310

	for the	year ending 31Augu	st 2022
				Total
		unrestricted	Restricted	Funds
		Funds	Funds	2022
		E	E	E
Income
Donations ond Iegocies
Donations and legacies		446,018	101,481	547,499
Income from charitable	activities:
Charitable activities		1,090,149	267,450	1,357,599
Income from other trading
activities:
Trading operations		46,970		46,970
Investment income		1,131		1,131
Other income		3,537		3,537
Total income		1,587,805	368,931	1,956,736
Expenditure
Costs ofraising funds:
Trading operations		24,330		24,330
Fundraising support costs		214,325		214,325
Expenditure on churl table
activities:
Charitable activities		1,601,771	346,247	1,948,018
Total expenditure		1,840,426	346,247	2,186,673
Transfers between funds		(9,464)	9,464
Gain on sale of land		535,597		535,597
Net (expenditure)/income	and
net movement in funds	forthe
year		273,512	32,148	305,660
Reconciliation offunds
Total Funds brought forward		1,008,631	2,528,944	3,537,575
Total funds carried forward		1,282,143	2,561,092	3,843,235