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|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.|
##
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##
|||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|
##
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##
##
||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|