2024-03-31-accounts - The Tam O'shanter Cottage Urban Farm Trust

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REGISTERED CHARITY NUMBER 505444

TAM O’SHANTER COTTAGE URBAN FARM TRUST

ANNUAL REPORT AND ACCOUNTS FOR THE FINANCIAL YEAR 2023/24

Corke Accountancy Services,

2 Upton Road, Claughton, Wirral, CH41 0DF.

TAM O’SHANTER COTTAGE URBAN FARM TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR 2023/24

Page

Report of the Trustees

Independent Examiner’s Report

Statement of Financial Activities

Balance Sheet

Notes to the Financial Statements

Detailed Statement of Financial Activities

TAM O’SHANTER COTTAGE URBAN FARM TRUST

REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR 2023/24

OBJECTIVES AND ACTIVITIES

Objectives and Aims

The Trust was set-up in 1976 to look after the Cottage whilst the Urban Farm opened in 1987. The Trustees remain committed to protecting and improving the environment at the Farm and, where possible, in the wider community, to improve quality of life and promote sustainable development.

The objects of the Charity are: -

1 To promote the preservation of the building erected on the land known as the Tam O’Shanter Cottage and the provision of a study centre for the advancement of education in the Borough of Wirral; and
2 To provide and maintain facilities in the interests of social welfare for the recreation and leisure-time occupation for the benefit of the inhabitants of the said borough with the object of improving their quality of life.

To assist with delivering these objectives, but not otherwise, the Trust may: - Provide and maintain an urban farm or smallholding as an adjunct to the Cottage. Co-operate with other charities and local authorities; and Do all such other lawful acts or things incidental and conducive to the objects.

To meet the objects of the Trust we aim to achieve the following: - Maintain a small, varied collection of farm animals with welfare a high priority. Use the Farm as an educational and leisure facility. Preserve and enhance the Farm’s heritage. Maintain the Farm as a healthy, safe, and secure recreational facility. Maintain, or improve, the environmental sustainability of the Farm. Create opportunities for public participation and engagement.

The Objectives and Strategic aims are: - To continue to provide a free amenity to the public. To maintain, or improve, the facilities of the Farm for public benefit. To continue to promote the Farm thereby maintaining visitor numbers. To improve the level of income to meet liabilities and safeguard against future risks. To explore opportunities of working in partnership with organisations or individuals that help meet our objectives in a cost-effective way.

TAM O’SHANTER COTTAGE URBAN FARM TRUST

REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR 2023/24

Public Benefit

A free recreational amenity based on the 4.5 acres of Tam O’Shanter Urban Farm which is open daily with a collection of farm animals, play equipment, nature areas, picnic facilities, café, and a series of seasonal events.

The Trust manages, and maintains, toilets which are available to Farm visitors as well as visitors to the local area, including the nearby Bidston Hill, which includes the windmill, lighthouse and observatory, and Flaybrick Cemetery.

Opportunities for those aged 14 years and over to become involved in the day-to-day activities on the Farm by looking after the animals and undertaking maintenance tasks as well as becoming involved with fund-raising and the running of events.

Support for students undertaking the Duke of Edinburgh Award Scheme and providing on-site experience for students as local colleges and those providing courses in the areas of animal management and veterinary qualifications.

The preservation of the historic thatched property known as Tam O’Shanter Cottage with its place in the heritage of the local area. Working with the Bidston Archaeology Group on the continued research into the history of the area which includes the project investigating what lies beneath the farm.

Educational benefits to local children through organised visits for schools and through volunteers undertaking practical tasks. A structured and supported work environment for adults with barriers to employment.

The Trustees confirm that they have complied with the requirements of Section 4 of the Charities Act 2011 to have regard to the public benefit guidance published by the Charity Commission for England and Wales.

TAM O’SHANTER COTTAGE URBAN FARM TRUST

REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR 2023/24

ACHIEVEMENT AND PERFORMANCE

Charitable Activities

Review of the year

With the ending of the global pandemic, the war in Ukraine and the consequential impact on energy supply, along with inflation the picture was unsettled nationally. The farm was severely affected by energy price rises as the long-standing contract ended at the peak of the increase in prices. Once again, the support of the local public throughout the year was amazing as April 2023 saw an Easter event that attracted huge numbers to the farm and closed with a similar Easter event in March 2024. Along with the hard work of those people involved, including farm volunteers, the volunteer maintenance team, staff and the Core Team the farm enjoyed another successful year.

The Code of Practice Control of Animal Diseases, enhanced from April 2022, to prevent the transmission of zoonotic diseases, applied to all farms and animal attractions. The Trust, under the remit of Wirral Council Environmental Health, faced additional demands during the previous year including additional hand-washing and cleansing facilities, double-fencing of animal paddocks, clearance of the middens, etc. The Code effectively ended direct contact with animals by members of the public. With the trial, and adoption, of various animal feeding approaches there was subsequently a solution which enabled this much-loved feature to be gradually reintroduced.

As the Wirral Council Voluntary Community Sector Renewal Fund covered 12 months this partially covered 2023/24. The Trust then agreed, and allocated resources, to maintain some Day Lead posts during the year with Volunteer Day Leads on the other days. These Day Leads worked closely with the Core Team, formed in early 2022, as policies, procedures and agreements were strengthened and volunteer teams were created, enhancing arrangements with schools and community groups.

The connections with Oldershaw School, Claremount School and Wirral Metropolitan College enabled local school students to enjoy activities on the farm whilst gaining valuable skills. Students from Reaseheath College and Liverpool John Moores University saw placements supporting their studies with valuable on-site experience. The engagement of local schools and other local groups provided opportunities for working on the farm on a range of activities as well as the management of the allotment area.

TAM O’SHANTER COTTAGE URBAN FARM TRUST

REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR 2023/24

The number, and range, of animals increased including chickens, cockerels, and smaller animals. Veterinary support was maintained and recognised the standards achieved. Fortunately, the requirement from DeFRA (Department for Food and Rural Affairs) for all birds to be kept enclosed to prevent the spread of avian flu between birds was not re-issued during the year. The paddocks were subject to further work, including drainage and fencing, but the year saw some considerable periods of wet weather which put pressure on the availability of the paddocks. Additional work being planned for 2024/25 to enable the increased rotation of the animals.

In responding to the Code of Practice animal feeding by the public was brought back through the use of feeding tubes and a variety of feed alternatives was tried before settling for a preferred option in early 2024. Bookings for The Barn and new Education Centre increased as did the number of group visits including schools and other organisations. Support from local businesses saw workdays from such as Royal Sun Alliance and the Department for Work and Pensions. The seasonal events continued to be well supported and successful, particularly those at Easter, Halloween and Christmas further demonstrating the public support for the farm.

Considerable work was completed regarding farm maintenance and appearance although there still remains a lot to be done. The former pig-field was transformed to a nature reserve with the new Education Centre, being funded by a grant from the Veolia Environmental Trust and the incredible support from Peter Gavin Contractors. The Centre provides a space for teaching and understanding and appreciating the nature area which continues to be developed. During December, the area is turned into a Christmas haven and visited by Father Christmas. The team of volunteers continues to put in a tremendous amount of work which this year saw the removal of, and replacement of, over one hundred fence posts with the cost of the posts generously funded by local people. Some of the work, whilst essential, is not readily noticeable as various health and safety work has been completed including the replacement of fire alarms and improvements to security through CCTV works. One area that is a priority in 2024 is the replacement of the Eco-Building veranda for which grant support is needed to meet the significant cost involved.

The café, run by BeeWirral, an independent caterer, provides a welcome facility for visitors to the local area. With the Trust benefitting from a lease arrangement this provides a reliable source of income to the Farm. BeeWirral continue to offer a range of food and drink for visitors with the picnic area regularly filled by customers and other visitors to the farm and local area.

TAM O’SHANTER COTTAGE URBAN FARM TRUST

REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR 2023/24

The Cottage, occupied by the night security, possesses one of only a few thatched rooves in the Wirral. The severe weather experienced during the year means the thatch needs further major repairs. Under the terms of the lease with Wirral Council such costs are met by the Council and are programmed to take place later in 2024.

Despite the financial challenges the Farm continues to be free from any admission charge. Following the introduction of signage encouraging visitors to make donations the on-site income increased significantly. In responding to those people moving away from the use of cash the Farm has installed other means, cash-less donation stations, by which people can help support the costs of the Farm. The response of local people and businesses, including the Leverhulme Trust and John Moores University, continues to be amazing.

Financial Review

Overview of the year

During the year expenditure exceeded income by £17,045.

Income of £139,074 included.

John Moores Foundation £7,505
Leverhulme Trust £10,000
Merseyrail – charity of the year award - £11,450.
Vola Consortium – for IT infrastructure - £9,905
Anonymous Benefactor (via a legacy will) £10,000
Awards for All – grant funding for projects - £9,980
Royden Rotary Club – sink for barn - £700
Knit & Natter Group – donation - £655.
Donation posts - £12,000.
Vitaflo for irrigation project - £750
Heap and Partners for monthly donations - £6,500.
G & P Martin Trust – donation - £5000
Koala Northwest – funding for out of school events - £3000
New Brighton Ladies Bowling – donation - £200
Storeton Woods Dog Walkers – donation - £50
Heswall Quakers – donation - £210
Alan’s Great Quiz Nights – donation - £550
The Brotherton Trust – donation - £250
Schools attending - £1875.

We were happy to receive donations from a number of funerals held this year. Thank you for thinking of us at a sad time in your life.

And thank you to all our supporters who make monthly donations of all sizes – these all add up over the course of a year and make a big difference to our ability to stay safe, free to access and secure.

Within the spend of £148,577.25 there was: -

£41,395.12 for Farm Management and employees.

£10,506.21 spent on animal feed and bedding.

£4,657.07 on vet bills

£5,902.82 on consumables for toilet upkeep and cleaning products

£18,229.41 on repairs and maintenance.

£10,208.07 was spent upgrading the entire IT system and making Wi-Fi available across the whole site.

£30,852.30 for electricity!

£6,336.19 for insurance

Reserves Policy

The year-end cash balance was £??k. However, this included £??k of funding for commitments in 2024/25 leaving £??k to meet any unforeseen costs. The Trust seeks to hold Reserves which are sufficient to cover around three months spend.

TAM O’SHANTER COTTAGE URBAN FARM TRUST

REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR 2023/24

FUTURE PLANS

The Trust continues to keep under review its plans to ensure the Cottage and Farm are there for future generations. It faces similar challenges to all other charitable organisations with the most significant being financial. The impact of inflation, particularly on fuel and the cost of materials costs, continues to be monitored. The need for adequate staffing to be in place to enable volunteers to engage in and, undertake farm activities is reliant upon generating income as grant-funding bodies now focus on supporting non-core activities. So, whilst the aim is to become selfsustainable, this relies on securing income from café and farm activities; the letting of the Barn, Eco-Building and Education Centre; seasonal events; from educational, health and welfare support and from donations. Wherever possible, applications for grant assistance will continue to be pursued with a range of organisations.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure, governance and management.

Governing Document

The Charity is governed by the Trust consisting of the Chair, Vice Chair, Secretary and Treasurer together with other Trustees.

The Farm and Cottage premises are leased from Wirral Council with the 99-year lease agreed from July 2019 at an annual rental of one Bidston pine cone.

Recruitment and Appointment of New Trustees

The Trust shall consist of not less than six, and not more than ten, suitable and competent persons who are willing and able to carry out the duties of a Trustee for the Benefit of the Trust. These are the Trustees as presently constituted and such other persons as they, or their successors, may appoint either to fill vacancies or to increase their number, up to the maximum of ten.

Management

The day-to-day management of the Farm is undertaken by Trust employees, overseen by a Core Team comprising a number of Trustees. The night-time security is provided under a lease arrangement with the tenant of the Tam O’Shanter Cottage.

TAM O’SHANTER COTTAGE URBAN FARM TRUST

REPORT OF THE TRUSTEES FOR THE FINANCIAL YEAR 2023/24

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name Tam O’Shanter Cottage Urban Farm Trust Registered Charity 505444 Trustees Tom Sault Chair Steve Foulkes Vice Chair Josephine Wood MBE Treasurer Pauline Hayes Secretary Bruce Berry Leave of absence November 2023 Shaun Brady George Davies Kath Pennington Appointed April 2023 Caroline Standring Gillian Wood

Principal Address Tam O’Shanter Cottage, Boundary Road, Bidston, Wirral, CH43 7PD. Independent Examiner Corke Accountancy Services, 2 Upton Road, Claughton, Wirral, CH41 0DF.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing this Report and Financial Statements in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The Trustees are responsible for keeping proper accounting records that enables them to ensure the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Constitution. The Trustees are responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Annual Report was approved by the Trustees on and signed on its behalf by: -

Tom Sault Chair

TAM O’SHANTER COTTAGE URBAN FARM TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the Charity Trustees on my examination of the Accounts of the Tam O’Shanter Cottage Urban Farm Trust for the year ended 31 March 2024.

Responsibilities and basis of report

As the Charity Trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s Accounts, carried out under Section 145 of the Act, and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1 Accounting records were not kept in respect of the Trust as required by Section 130 of the Act: or
2 The Accounts do not accord with those records; or
3 The Accounts do not comply with the applicable requirements concerning the form and content of Accounts set out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the Accounts give a true and fair view, which is not a matter considered as part of the independent examination.

I have no concerns and have come across no other matters in connection with the examination, to which attention should be drawn in this report in order to enable a proper understanding of the Accounts to be reached.

Rachel Corke FCA, Corke Accountancy Services, 2 Upton Road, Claughton, Wirral, CH41 0DF.

REGISTERED CHARITY NUMBER: 505444

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Tam O'Shanter Cottage Urban Farm Trust

Corke Accountancy Services 2 Upton Road Claughton Wirral CH41 0DF

Tam O'Shanter Cottage Urban Farm Trust

Contents of the Financial Statements for the Year Ended 31 March 2024

	Page
Report of the Trustees	1 to 4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8 to 17
Detailed Statement of Financial Activities	18 to 19

Tam O'Shanter Cottage Urban Farm Trust

Report of the Trustees

for the Year Ended 31 March 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the Charity are :-

1 To promote the preservation of the building erected on the land known as the Tam O'Shanter Cottage for use as a study centre for the advancement of education in the Borough of Wirral; and

2 To provide and maintain facilities in the interests of social welfare for the recreation and leisure-time occupation for the benefit of the inhabitants of the said borough with the object of improving their condition of life.

To assist with delivering these objectives, but not otherwise, the Trust may:-

Provide and maintain an urban farm or smallholding as an adjunct to the Cottage. Co-operate with other charities and local authorities; and

Do all such other lawful acts or things incidental and conducive to the objects.

To meet the objects of the Trust we aim to achieve the following:-

Maintain a small, varied collection of farm animals with welfare a high priority. Use the Farm as an educational and leisure facility. Preserve and enhance the Farm's heritage. Maintain the Farm as a healthy, safe and secure recreational facility. Maintain, or improve the environmental sustainability of the Farm. Create opportunities for public participation in a community project.

Objectives and strategic aims

To continue to provide a free amenity to the public.

To maintain, or improve, the facilities of the Farm for public benefit. To continue to promote the use of the Farm thereby maintaining visitor numbers. To improve the level of income to meet liabilities and safeguard against future risks.

To explore opportunities of working in partnership with organisations or individuals that help meet our objectives in a cost effective way.

Page 1

Tam O'Shanter Cottage Urban Farm Trust

Report of the Trustees

for the Year Ended 31 March 2024

OBJECTIVES AND ACTIVITIES

Public benefit

A free recreational amenity based on the 4.5 acres of Tam O'Shanter Urban Farm which is open daily with a collection of farm animals, play equipment, nature areas, picnic facilities, café, and a series of seasonal events.

The preservation of the historic thatched property known as Tam O'Shanter Cottage with its place in the heritage of the local area. Working with the Bidston Archaeology Group on the continued research into the history of the area which includes the project investigating what lies beneath the farm.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Review of the year

See the Trustees Report for full report.

FINANCIAL REVIEW Financial position

Overview of the year

During the year expenditure exceeded income by £17,045. Please see full report for further analysis.

Principal funding sources

Funding during the year has primarily been grant income along with donations and rental income.

Reserves policy

The year-end cash balance was £48,540.

The Trust seeks to hold Reserves which are sufficient to cover around three months spend.

Page 2

Tam O'Shanter Cottage Urban Farm Trust

Report of the Trustees

for the Year Ended 31 March 2024

FUTURE PLANS

The impact of inflation, particularly on fuel and the cost of materials costs, continues to be monitored. The need for adequate staffing to be in place to enable volunteers to engage in and, undertake farm activities is reliant upon generating income as grant-funding bodies now focus on supporting non-core activities.

So, whilst the aim is to become self-sustainable, this relies on securing income from café and farm activities; the letting of the Barn, Eco-Building and Education Centre; seasonal events; from educational, health and welfare support and from donations.

Wherever possible, applications for grant assistance will continue to be pursued with a range of organisations.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The Charity is governed by the Trust consisting of the Chair, Vice Chair, Secretary and Treasurer together with other Trustees.

The Farm and Cottage premises are leased from Wirral Council with an updated 99 year lease agreed from July 2019 at an annual rental of one Bidston pine cone.

Recruitment and appointment of new trustees

Management

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

505444

Principal address

Boundary Road Bidston Wirral CH43 7PD

Page 3

Tam O'Shanter Cottage Urban Farm Trust

Report of the Trustees for the Year Ended 31 March 2024

Trustees

B Berry (resigned 30.11.23) G Davies G Wood T Sault S Brady J Wood MBE P Hayes C Standring S Foulkes K M Pennington (appointed 1.5.23)

Independent Examiner

Corke Accountancy Services 2 Upton Road Claughton Wirral CH41 0DF Approved by order of the board of trustees on 30 January 2025 and signed on its behalf by:

J Wood MBE - Trustee

Page 4

Independent Examiner's Report to the Trustees of Tam O'Shanter Cottage Urban Farm Trust

Independent examiner's report to the trustees of Tam O'Shanter Cottage Urban Farm Trust

I report to the charity trustees on my examination of the accounts of Tam O'Shanter Cottage Urban Farm Trust (the Trust) for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Rachel Corke

Corke Accountancy Services 2 Upton Road Claughton Wirral CH41 0DF

30 January 2025

Page 5

Tam O'Shanter Cottage Urban Farm Trust

Statement of Financial Activities for the Year Ended 31 March 2024

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 48,364 Charitable activities Farm costs - Other trading activities 3 18,851 Investment income 4 24,145 Total 91,360 EXPENDITURE ON Raising funds 5 10,339 Charitable activities Farm costs 88,316 Total 98,655 NET INCOME/(EXPENDITURE) (7,295) Transfers between funds 12 (7,736) Net movement in funds (15,031) RECONCILIATION OF FUNDS Total funds brought forward 34,453 TOTAL FUNDS CARRIED FORWARD 19,422	Designated £ - - - - - - - - - - - 5,000 5,000	Restricted funds £ (1) 41,840 1,875 - 43,714 4,817 48,647 53,464 (9,750) 7,736 (2,014) 303,607 301,593	31.3.24 Total funds £ 48,363 41,840 20,726 24,145 135,074 15,156 136,963 152,119 (17,045) - (17,045) 343,060 326,015	31.3.23 Total funds £ 45,233 13,300 31,030 16,278 105,841 24,651 112,199 136,850 (31,009) - (31,009) 374,069 343,060

The notes form part of these financial statements

Page 6

Tam O'Shanter Cottage Urban Farm Trust

Balance Sheet

31 March 2024

						31.3.24	31.3.23
	Unrestricted				Restricted	Total	Total
		funds	Designated		funds	funds	funds
	Notes	£	£		£	£	£
FIXED ASSETS
Tangible assets	9	2,361		-	272,590	274,951	285,698
CURRENT ASSETS
Stocks	10	4,000		-	-	4,000	2,000
Cash at bank and in hand		14,538	5,000		29,002	48,540	57,481
		18,538	5,000		29,002	52,540	59,481
CREDITORS
Amounts falling due within
one year	11	(1,477)		-	1	(1,476)	(2,119)
NET CURRENT ASSETS		17,061	5,000		29,003	51,064	57,362
TOTAL ASSETS LESS
CURRENT LIABILITIES		19,422	5,000		301,593	326,015	343,060
NET ASSETS		19,422	5,000		301,593	326,015	343,060
FUNDS	12
Unrestricted funds						24,422	39,453
Restricted funds						301,593	303,607
TOTAL FUNDS						326,015	343,060

The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2025 and were signed on its behalf by:

J Wood MBE - Trustee

The notes form part of these financial statements

Page 7

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - in accordance with the property Improvements to property - 10% on cost Computer equipment - 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 8

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

2. DONATIONS AND LEGACIES Donations Gift aid 3. OTHER TRADING ACTIVITIES Shop and feed sales Sponsorships Farm income from sale of products Income from schools Event income 4. INVESTMENT INCOME Rents received Deposit account interest 5. RAISING FUNDS Investment management costs Property repairs	31.3.24 £ 48,276 87 48,363 31.3.24 £ 6,759 335 - 2,751 10,881 20,726 31.3.24 £ 24,145 - 24,145 31.3.24 £ 17,156	31.3.23 £ 45,233 -
		45,233
		31.3.23 £ 2,060 500 8,563 7,766 12,141
		31,030
		31.3.23 £ 16,277 1
		16,278
		31.3.23 £ 22,651

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Page 9

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.24
Farm staff
4
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
Designated
funds
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
45,233
-
-
Charitable activities
Farm costs
-
-
13,300
Other trading activities
31,030
-
-
Investment income
16,278
-
-
Total
92,541
-
13,300
EXPENDITURE ON
Raising funds
14,800
-
9,851
Charitable activities
Farm costs
58,646
-
53,553
Total
73,446
-
63,404
NET INCOME/(EXPENDITURE)
19,095
-
(50,104)
RECONCILIATION OF FUNDS
Total funds brought forward
15,358
5,000
353,711
TOTAL FUNDS CARRIED
FORWARD
34,453
5,000
303,607

31.3.23
5
Total
funds
£
45,233
13,300
31,030
16,278
105,841
24,651
112,199
136,850
(31,009)
374,069
343,060

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Page 10

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

9. TANGIBLE FIXED ASSETS

Improvements Freehold to property property £ £ COST At 1 April 2023 and 31 March 2024 405,373 20,868 DEPRECIATION At 1 April 2023 137,478 4,172 Charge for year 8,108 2,086 At 31 March 2024 145,586 6,258 NET BOOK VALUE At 31 March 2024 259,787 14,610 At 31 March 2023 267,895 16,696 10. STOCKS Stocks 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors	Computer equipment £ 1,660 553 553 1,106 554 1,107 31.3.24 £ 4,000 31.3.24 £ - 1,476 1,476	Totals £ 427,901	Totals £ 427,901
		142,203 10,747
		152,950
		274,951
		285,698
		31.3.23 £ 2,000 31.3.23 £ 517 1,602 2,119
			2,119

Page 11

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS

Unrestricted funds General fund Cottage Thatch Roof Liverpool CVS Restricted funds Property Co-Op Wirral Council Veolia Postcode Lottery Grant COVID Recovery Fund Sensory Garden Community Lottery Leverhulme Trust John Moores Foundation Koala North West Rotary Fund Vitaflo Vola School Income TOTAL FUNDS	At 1.4.23 £ 34,407 5,000 46 39,453 267,896 8 3,070 11,238 194 11,777 3,000 6,424 - - - - - - - 303,607 343,060	Net movement in funds £ (7,249) - (46) (7,295) (8,108) (8) (641) (1,410) (125) (11,223) - 877 1,100 4,942 1,800 700 225 246 1,875 (9,750) (17,045)	Transfers between funds £ (7,736) - - (7,736) - - - - - - - - - - - - - - 7,736 7,736 -	At 31.3.24 £ 19,422 5,000 -
				24,422 259,788 - 2,429 9,828 69 554 3,000 7,301 1,100 4,942 1,800 700 225 246 9,611
				301,593
				326,015

Page 12

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund Liverpool CVS Restricted funds Property Co-Op Wirral Council Veolia Postcode Lottery Grant COVID Recovery Fund Community Lottery Leverhulme Trust John Moores Foundation Koala North West Rotary Fund Vitaflo Vola School Income TOTAL FUNDS	Incoming resources £ 91,360 - 91,360 (1) - 1 - - (1) 9,980 10,000 7,505 3,000 700 750 9,905 1,875 43,714 135,074	Resources expended £ (98,609) (46) (98,655) (8,107) (8) (642) (1,410) (125) (11,222) (9,103) (8,900) (2,563) (1,200) - (525) (9,659) - (53,464) (152,119)	Movement in funds £ (7,249) (46) (7,295) (8,108) (8) (641) (1,410) (125) (11,223) 877 1,100 4,942 1,800 700 225 246 1,875 (9,750) (17,045)

Page 13

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund Cottage Thatch Roof Liverpool CVS Restricted funds Property Co-Op Wirral Council Veolia Postcode Lottery Grant COVID Recovery Fund Sensory Garden Community Lottery TOTAL FUNDS	At 1.4.22 £ 14,250 5,000 1,108 20,358 276,003 4,028 4,625 12,196 4,367 49,492 3,000 - 353,711 374,069	Net movement in funds £ 20,157 - (1,062) 19,095 (8,107) (4,020) (1,555) (958) (4,173) (37,715) - 6,424 (50,104) (31,009)	At 31.3.23 £ 34,407 5,000 46
			39,453 267,896 8 3,070 11,238 194 11,777 3,000 6,424
			303,607
			343,060

Page 14

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Liverpool CVS Restricted funds Property Co-Op Wirral Council Veolia Postcode Lottery Grant COVID Recovery Fund Community Lottery TOTAL FUNDS	Incoming resources £ 92,541 - 92,541 - - - 3,400 - 1 9,899 13,300 105,841	Resources expended £ (72,384) (1,062) (73,446) (8,107) (4,020) (1,555) (4,358) (4,173) (37,716) (3,475) (63,404) (136,850)	Movement in funds £ 20,157 (1,062) 19,095 (8,107) (4,020) (1,555) (958) (4,173) (37,715) 6,424 (50,104) (31,009)

Page 15

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Cottage Thatch Roof Liverpool CVS Restricted funds Property Co-Op Wirral Council Veolia Postcode Lottery Grant COVID Recovery Fund Sensory Garden Community Lottery Leverhulme Trust John Moores Foundation Koala North West Rotary Fund Vitaflo Vola School Income TOTAL FUNDS	At 1.4.22 £ 14,250 5,000 1,108 20,358 276,003 4,028 4,625 12,196 4,367 49,492 3,000 - - - - - - - - 353,711 374,069	Net movement in funds £ 12,908 - (1,108) 11,800 (16,215) (4,028) (2,196) (2,368) (4,298) (48,938) - 7,301 1,100 4,942 1,800 700 225 246 1,875 (59,854) (48,054)	Transfers between funds £ (7,736) - - (7,736) - - - - - - - - - - - - - - 7,736 7,736 -	At 31.3.24 £ 19,422 5,000 -
				24,422 259,788 - 2,429 9,828 69 554 3,000 7,301 1,100 4,942 1,800 700 225 246 9,611
				301,593
				326,015

Page 16

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund Liverpool CVS Restricted funds Property Co-Op Wirral Council Veolia Postcode Lottery Grant COVID Recovery Fund Community Lottery Leverhulme Trust John Moores Foundation Koala North West Rotary Fund Vitaflo Vola School Income TOTAL FUNDS	Incoming resources £ 183,901 - 183,901 (1) - 1 3,400 - - 19,879 10,000 7,505 3,000 700 750 9,905 1,875 57,014 240,915	Resources expended £ (170,993) (1,108) (172,101) (16,214) (4,028) (2,197) (5,768) (4,298) (48,938) (12,578) (8,900) (2,563) (1,200) - (525) (9,659) - (116,868) (288,969)	Movement in funds £ 12,908 (1,108) 11,800 (16,215) (4,028) (2,196) (2,368) (4,298) (48,938) 7,301 1,100 4,942 1,800 700 225 246 1,875 (59,854) (48,054)

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

Page 17

Tam O'Shanter Cottage Urban Farm Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Other trading activities Shop and feed sales Sponsorships Farm income from sale of products Income from schools Event income Investment income Rents received Deposit account interest Charitable activities Grants Total incoming resources EXPENDITURE Other trading activities Opening stock Closing stock Investment management costs Property repairs Charitable activities Wages Rates and water Carried forward	31.3.24 £ 48,276 87 48,363 6,759 335 - 2,751 10,881 20,726 24,145 - 24,145 41,840 135,074 2,000 (4,000) (2,000) 17,156 40,755 411 41,166	31.3.23 £ 45,233 - 45,233 2,060 500 8,563 7,766 12,141 31,030 16,277 1 16,278 13,300 105,841 4,000 (2,000) 2,000 22,651 43,638 751 44,389

This page does not form part of the statutory financial statements

Page 18

Tam O'Shanter Cottage Urban Farm Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Charitable activities Brought forward Light and heat Telephone Postage and stationery Advertising Livestock and feed costs Costs of goods sold in shop Hygiene and pest control Veterinary fees Cleaning and PPE costs Decorative items for farm improvement Volunteers expenses Contractors Staff training Travel expenses Event costs Freehold property Improvements to property Support costs Finance Insurance Bank charges Improvements to property Computer equipment Information technology Website and IT Costs Governance costs Accountancy and legal fees Total resources expended Net expenditure	31.3.24 £ 41,166 30,442 1,470 - - 13,527 3,846 1,073 4,657 - - 3,696 2,367 1,970 - 2,497 8,107 1,404 116,222 6,336 1,958 682 553 9,529 10,209 1,003 152,119 (17,045)	31.3.23 £ 44,389 9,534 684 233 565 16,689 1,853 1,391 4,842 2,347 797 2,188 4,038 809 256 2,633 8,107 1,404 102,759 6,111 216 682 553 7,562 - 1,878 136,850 (31,009)

This page does not form part of the statutory financial statements

Page 19

REGISTERED CHARITY NUMBER: 505444

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Tam O'Shanter Cottage Urban Farm Trust

Corke Accountancy Services 2 Upton Road Claughton Wirral CH41 0DF

Tam O'Shanter Cottage Urban Farm Trust

Contents of the Financial Statements for the Year Ended 31 March 2024

	Page
Report of the Trustees	1 to 4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8 to 17
Detailed Statement of Financial Activities	18 to 19

Tam O'Shanter Cottage Urban Farm Trust

Report of the Trustees

for the Year Ended 31 March 2024

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the Charity are :-

1 To promote the preservation of the building erected on the land known as the Tam O'Shanter Cottage for use as a study centre for the advancement of education in the Borough of Wirral; and

To assist with delivering these objectives, but not otherwise, the Trust may:-

Provide and maintain an urban farm or smallholding as an adjunct to the Cottage. Co-operate with other charities and local authorities; and

Do all such other lawful acts or things incidental and conducive to the objects.

To meet the objects of the Trust we aim to achieve the following:-

Objectives and strategic aims

To continue to provide a free amenity to the public.

To explore opportunities of working in partnership with organisations or individuals that help meet our objectives in a cost effective way.

Page 1

Tam O'Shanter Cottage Urban Farm Trust

Report of the Trustees

for the Year Ended 31 March 2024

OBJECTIVES AND ACTIVITIES

Public benefit

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Review of the year

See the Trustees Report for full report.

FINANCIAL REVIEW Financial position

Overview of the year

During the year expenditure exceeded income by £17,045. Please see full report for further analysis.

Principal funding sources

Funding during the year has primarily been grant income along with donations and rental income.

Reserves policy

The year-end cash balance was £48,540.

The Trust seeks to hold Reserves which are sufficient to cover around three months spend.

Page 2

Tam O'Shanter Cottage Urban Farm Trust

Report of the Trustees

for the Year Ended 31 March 2024

FUTURE PLANS

Wherever possible, applications for grant assistance will continue to be pursued with a range of organisations.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The Charity is governed by the Trust consisting of the Chair, Vice Chair, Secretary and Treasurer together with other Trustees.

The Farm and Cottage premises are leased from Wirral Council with an updated 99 year lease agreed from July 2019 at an annual rental of one Bidston pine cone.

Recruitment and appointment of new trustees

Management

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

505444

Principal address

Boundary Road Bidston Wirral CH43 7PD

Page 3

Tam O'Shanter Cottage Urban Farm Trust

Report of the Trustees for the Year Ended 31 March 2024

Trustees

B Berry (resigned 30.11.23) G Davies G Wood T Sault S Brady J Wood MBE P Hayes C Standring S Foulkes K M Pennington (appointed 1.5.23)

Independent Examiner

Corke Accountancy Services 2 Upton Road Claughton Wirral CH41 0DF Approved by order of the board of trustees on 30 January 2025 and signed on its behalf by:

J Wood MBE - Trustee

Page 4

Independent Examiner's Report to the Trustees of Tam O'Shanter Cottage Urban Farm Trust

Independent examiner's report to the trustees of Tam O'Shanter Cottage Urban Farm Trust

I report to the charity trustees on my examination of the accounts of Tam O'Shanter Cottage Urban Farm Trust (the Trust) for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

Rachel Corke

Corke Accountancy Services 2 Upton Road Claughton Wirral CH41 0DF

30 January 2025

Page 5

Tam O'Shanter Cottage Urban Farm Trust

Statement of Financial Activities for the Year Ended 31 March 2024

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 48,364 Charitable activities Farm costs - Other trading activities 3 18,851 Investment income 4 24,145 Total 91,360 EXPENDITURE ON Raising funds 5 10,339 Charitable activities Farm costs 88,316 Total 98,655 NET INCOME/(EXPENDITURE) (7,295) Transfers between funds 12 (7,736) Net movement in funds (15,031) RECONCILIATION OF FUNDS Total funds brought forward 34,453 TOTAL FUNDS CARRIED FORWARD 19,422	Designated £ - - - - - - - - - - - 5,000 5,000	Restricted funds £ (1) 41,840 1,875 - 43,714 4,817 48,647 53,464 (9,750) 7,736 (2,014) 303,607 301,593	31.3.24 Total funds £ 48,363 41,840 20,726 24,145 135,074 15,156 136,963 152,119 (17,045) - (17,045) 343,060 326,015	31.3.23 Total funds £ 45,233 13,300 31,030 16,278 105,841 24,651 112,199 136,850 (31,009) - (31,009) 374,069 343,060

The notes form part of these financial statements

Page 6

Tam O'Shanter Cottage Urban Farm Trust

Balance Sheet

31 March 2024

						31.3.24	31.3.23
	Unrestricted				Restricted	Total	Total
		funds	Designated		funds	funds	funds
	Notes	£	£		£	£	£
FIXED ASSETS
Tangible assets	9	2,361		-	272,590	274,951	285,698
CURRENT ASSETS
Stocks	10	4,000		-	-	4,000	2,000
Cash at bank and in hand		14,538	5,000		29,002	48,540	57,481
		18,538	5,000		29,002	52,540	59,481
CREDITORS
Amounts falling due within
one year	11	(1,477)		-	1	(1,476)	(2,119)
NET CURRENT ASSETS		17,061	5,000		29,003	51,064	57,362
TOTAL ASSETS LESS
CURRENT LIABILITIES		19,422	5,000		301,593	326,015	343,060
NET ASSETS		19,422	5,000		301,593	326,015	343,060
FUNDS	12
Unrestricted funds						24,422	39,453
Restricted funds						301,593	303,607
TOTAL FUNDS						326,015	343,060

The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2025 and were signed on its behalf by:

J Wood MBE - Trustee

The notes form part of these financial statements

Page 7

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Income

Expenditure

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - in accordance with the property Improvements to property - 10% on cost Computer equipment - 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 8

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

2. DONATIONS AND LEGACIES Donations Gift aid 3. OTHER TRADING ACTIVITIES Shop and feed sales Sponsorships Farm income from sale of products Income from schools Event income 4. INVESTMENT INCOME Rents received Deposit account interest 5. RAISING FUNDS Investment management costs Property repairs	31.3.24 £ 48,276 87 48,363 31.3.24 £ 6,759 335 - 2,751 10,881 20,726 31.3.24 £ 24,145 - 24,145 31.3.24 £ 17,156	31.3.23 £ 45,233 -
		45,233
		31.3.23 £ 2,060 500 8,563 7,766 12,141
		31,030
		31.3.23 £ 16,277 1
		16,278
		31.3.23 £ 22,651

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Page 9

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.23
5
Total
funds
£
45,233
13,300
31,030
16,278
105,841
24,651
112,199
136,850
(31,009)
374,069
343,060

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Page 10

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

9. TANGIBLE FIXED ASSETS

Improvements Freehold to property property £ £ COST At 1 April 2023 and 31 March 2024 405,373 20,868 DEPRECIATION At 1 April 2023 137,478 4,172 Charge for year 8,108 2,086 At 31 March 2024 145,586 6,258 NET BOOK VALUE At 31 March 2024 259,787 14,610 At 31 March 2023 267,895 16,696 10. STOCKS Stocks 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors	Computer equipment £ 1,660 553 553 1,106 554 1,107 31.3.24 £ 4,000 31.3.24 £ - 1,476 1,476	Totals £ 427,901	Totals £ 427,901
		142,203 10,747
		152,950
		274,951
		285,698
		31.3.23 £ 2,000 31.3.23 £ 517 1,602 2,119
			2,119

Page 11

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS

Unrestricted funds General fund Cottage Thatch Roof Liverpool CVS Restricted funds Property Co-Op Wirral Council Veolia Postcode Lottery Grant COVID Recovery Fund Sensory Garden Community Lottery Leverhulme Trust John Moores Foundation Koala North West Rotary Fund Vitaflo Vola School Income TOTAL FUNDS	At 1.4.23 £ 34,407 5,000 46 39,453 267,896 8 3,070 11,238 194 11,777 3,000 6,424 - - - - - - - 303,607 343,060	Net movement in funds £ (7,249) - (46) (7,295) (8,108) (8) (641) (1,410) (125) (11,223) - 877 1,100 4,942 1,800 700 225 246 1,875 (9,750) (17,045)	Transfers between funds £ (7,736) - - (7,736) - - - - - - - - - - - - - - 7,736 7,736 -	At 31.3.24 £ 19,422 5,000 -
				24,422 259,788 - 2,429 9,828 69 554 3,000 7,301 1,100 4,942 1,800 700 225 246 9,611
				301,593
				326,015

Page 12

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund Liverpool CVS Restricted funds Property Co-Op Wirral Council Veolia Postcode Lottery Grant COVID Recovery Fund Community Lottery Leverhulme Trust John Moores Foundation Koala North West Rotary Fund Vitaflo Vola School Income TOTAL FUNDS	Incoming resources £ 91,360 - 91,360 (1) - 1 - - (1) 9,980 10,000 7,505 3,000 700 750 9,905 1,875 43,714 135,074	Resources expended £ (98,609) (46) (98,655) (8,107) (8) (642) (1,410) (125) (11,222) (9,103) (8,900) (2,563) (1,200) - (525) (9,659) - (53,464) (152,119)	Movement in funds £ (7,249) (46) (7,295) (8,108) (8) (641) (1,410) (125) (11,223) 877 1,100 4,942 1,800 700 225 246 1,875 (9,750) (17,045)

Page 13

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund Cottage Thatch Roof Liverpool CVS Restricted funds Property Co-Op Wirral Council Veolia Postcode Lottery Grant COVID Recovery Fund Sensory Garden Community Lottery TOTAL FUNDS	At 1.4.22 £ 14,250 5,000 1,108 20,358 276,003 4,028 4,625 12,196 4,367 49,492 3,000 - 353,711 374,069	Net movement in funds £ 20,157 - (1,062) 19,095 (8,107) (4,020) (1,555) (958) (4,173) (37,715) - 6,424 (50,104) (31,009)	At 31.3.23 £ 34,407 5,000 46
			39,453 267,896 8 3,070 11,238 194 11,777 3,000 6,424
			303,607
			343,060

Page 14

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Liverpool CVS Restricted funds Property Co-Op Wirral Council Veolia Postcode Lottery Grant COVID Recovery Fund Community Lottery TOTAL FUNDS	Incoming resources £ 92,541 - 92,541 - - - 3,400 - 1 9,899 13,300 105,841	Resources expended £ (72,384) (1,062) (73,446) (8,107) (4,020) (1,555) (4,358) (4,173) (37,716) (3,475) (63,404) (136,850)	Movement in funds £ 20,157 (1,062) 19,095 (8,107) (4,020) (1,555) (958) (4,173) (37,715) 6,424 (50,104) (31,009)

Page 15

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Cottage Thatch Roof Liverpool CVS Restricted funds Property Co-Op Wirral Council Veolia Postcode Lottery Grant COVID Recovery Fund Sensory Garden Community Lottery Leverhulme Trust John Moores Foundation Koala North West Rotary Fund Vitaflo Vola School Income TOTAL FUNDS	At 1.4.22 £ 14,250 5,000 1,108 20,358 276,003 4,028 4,625 12,196 4,367 49,492 3,000 - - - - - - - - 353,711 374,069	Net movement in funds £ 12,908 - (1,108) 11,800 (16,215) (4,028) (2,196) (2,368) (4,298) (48,938) - 7,301 1,100 4,942 1,800 700 225 246 1,875 (59,854) (48,054)	Transfers between funds £ (7,736) - - (7,736) - - - - - - - - - - - - - - 7,736 7,736 -	At 31.3.24 £ 19,422 5,000 -
				24,422 259,788 - 2,429 9,828 69 554 3,000 7,301 1,100 4,942 1,800 700 225 246 9,611
				301,593
				326,015

Page 16

continued...

Tam O'Shanter Cottage Urban Farm Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund Liverpool CVS Restricted funds Property Co-Op Wirral Council Veolia Postcode Lottery Grant COVID Recovery Fund Community Lottery Leverhulme Trust John Moores Foundation Koala North West Rotary Fund Vitaflo Vola School Income TOTAL FUNDS	Incoming resources £ 183,901 - 183,901 (1) - 1 3,400 - - 19,879 10,000 7,505 3,000 700 750 9,905 1,875 57,014 240,915	Resources expended £ (170,993) (1,108) (172,101) (16,214) (4,028) (2,197) (5,768) (4,298) (48,938) (12,578) (8,900) (2,563) (1,200) - (525) (9,659) - (116,868) (288,969)	Movement in funds £ 12,908 (1,108) 11,800 (16,215) (4,028) (2,196) (2,368) (4,298) (48,938) 7,301 1,100 4,942 1,800 700 225 246 1,875 (59,854) (48,054)

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

Page 17

Tam O'Shanter Cottage Urban Farm Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Other trading activities Shop and feed sales Sponsorships Farm income from sale of products Income from schools Event income Investment income Rents received Deposit account interest Charitable activities Grants Total incoming resources EXPENDITURE Other trading activities Opening stock Closing stock Investment management costs Property repairs Charitable activities Wages Rates and water Carried forward	31.3.24 £ 48,276 87 48,363 6,759 335 - 2,751 10,881 20,726 24,145 - 24,145 41,840 135,074 2,000 (4,000) (2,000) 17,156 40,755 411 41,166	31.3.23 £ 45,233 - 45,233 2,060 500 8,563 7,766 12,141 31,030 16,277 1 16,278 13,300 105,841 4,000 (2,000) 2,000 22,651 43,638 751 44,389

This page does not form part of the statutory financial statements

Page 18

Tam O'Shanter Cottage Urban Farm Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Charitable activities Brought forward Light and heat Telephone Postage and stationery Advertising Livestock and feed costs Costs of goods sold in shop Hygiene and pest control Veterinary fees Cleaning and PPE costs Decorative items for farm improvement Volunteers expenses Contractors Staff training Travel expenses Event costs Freehold property Improvements to property Support costs Finance Insurance Bank charges Improvements to property Computer equipment Information technology Website and IT Costs Governance costs Accountancy and legal fees Total resources expended Net expenditure	31.3.24 £ 41,166 30,442 1,470 - - 13,527 3,846 1,073 4,657 - - 3,696 2,367 1,970 - 2,497 8,107 1,404 116,222 6,336 1,958 682 553 9,529 10,209 1,003 152,119 (17,045)	31.3.23 £ 44,389 9,534 684 233 565 16,689 1,853 1,391 4,842 2,347 797 2,188 4,038 809 256 2,633 8,107 1,404 102,759 6,111 216 682 553 7,562 - 1,878 136,850 (31,009)

This page does not form part of the statutory financial statements

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