REGISTERED COMPANY NUMBÉR: 01432126 (England and Wal¢8) REGISTERED CHARITY NUMBEIL. 508910 REPORT OF THE TRUSTEES AND CONSOLIDATED FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 FOR WHIRLOW HALL FARM TRUST LIMITED AND ITS SUBSIDIARIES Hollis and Co Limiled Chartered Accountants ststutory Auditor 35 Wilkinson Strect Shefficld South Yorkshirc SIO 2GB
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Page Referenee and Admlntstratlve Details Cbairman's R¢port Report ofih¢ Trust¢¢s 3 to 9 Report of the IDdepeDdeDt AuditorB 10 to 12 Consolldated Statement of Flnxneial Attlvltiei 13 Consolldated Bgl*nee Sbeet 14 Company B#laDce Sbeet 15 Consolidgl¢d Cash Flow Sts¢ement 16 Notes to the Consolidated Cash Flow Ststement 17 Notes to the Consolldated FAnan¢l41 Ststements 18 To 31 Detalled ConsolidAttd StatemtDt ofFknandal Aetfvitle$ 32 to 33
WHIRlnW HAIL FARM TRUST LIMITED REFERENCE AND ADMINISTRATIVE DETAILS FOR TllE YEAR ENDED 31 JULY 2024 TRUSTEES Keith Edmund Lilley (re81¢d 16.09.23) Kathleen Margaret Aikin Hugh David Fa Nornian Stuart Fanner Peter David Edwards- Chair Olubukola Oshin Martin M¢K¢ry¢y Tanya Chrlsttna Holt Kate Louise Gcmmell Martin Ziedler {appointed 16.03.24) Joanne Mills (appointed 28.06.24) COMPANY SECRETARY Martin McKerv¢y REGISTERED OFFICE Whirlow Hall Fann Ivhirlow Lane Sheffield SII 9QF REGISTERED COMPANY NUMBER 01432226 (England and Wales) REGISTERED CHARITY NUMBER 508910 AUDITORS Hollis and Co Limited Chartered A¢¢ountants Statutory Auditor 35 Wilkinson Stre¢t Sbeffield South Yorkshire SIO 2GB CHIEF EXECUTIVE OFFICE Ben Davies HSBC 22 The Moor Sheffield SI 4PA
WHIRLOW HALL FARM TRUST LIMITED cHAIRMAs REPORT FOR THE YEAR ENDED 31 JULY 2024 Having sp¢nt reccnt years impl¢mling plans to cxpand the Tntsvs cducation facilities and improv¢ its commercial offer. this was the firstyearwhere we could put the results ofthos¢ plans toth¢ test. lkni delighted to report that we have seen improvements acros5 the board. Our new education facilities- Beech building and the Gateway kitchen- have been l)usy throughout th¢year. Thc TSIS education leam - at I l Full Time Equivalents. now the largest it has ever been - has delivffed almost 13.000 siudcnt days at th¢ farni this ycar acro a broad rdngc of progrdmmes: Altcrnative (Nurture) Provision for sKondary school-ag¢ ¢hildr¢n. including neAwodiv¢rs¢ ¢hildr¢n supported by local NHS organisations - Programmes for young adults th SpKial Educational Needs and Disabilities {SEND) - Day Visits and Residential Stays for primary school children That an average of 50 youngsters per day have attend¢d the fann is t¢stam¢nt to both th¢ n¢¢d ftir what the Trust does, and the quality of its offcr. Children whose attendanrx rate 1$ below 200/0 in mainstream settings achieve 80Yo or better at the Tn. 850/0 of those attending show a r¢ductiop in anxieties overthe course of a term. And over 800/0 move on positivety- either making a fresh start at school, gaining a placc at a special school. or achievAng AQA qualifications that enable a¢¢ess to further edu¢alion or training. Ret¢ntion amongst our young adult cohort is close lo 10(PA. the pra¢tiul a¢tiviti¢s und¢rtak¢n a¢ th¢ Tht provides them with the opportunity to belong and participate meaningfully. Our day and residential visit programmes remain popular, providing experiences ond memories that will last a lifetime. ID additio the Tn]st offers pla¢¢ments for College and University Students. and employs a fami appr¢ntice. Financing this work remains a challenge. We have therefore been delighied to see an InCre in the surplus gen¢ratd by our improved café and shop. These now provide steady income. mitigating the wiprediclable nature of more traditional fiaiSIng activities and events. As a resul¢ we are in a strong fmsncial posttion and arc optimistic about thc future. We havc sufficient reserves for the coming year. The TTUSt has also received considerable support- financi81, In-kin moral and volunteerAng - from a wide rang¢ of organisations and individuals. They have contributed to every aspect of Thist life - delivering our clwitable pmgr8mmes. msintaining our facilitie& helping WAth governance and managemenL WOltig on the . serving in the shop and at even and much, much more. Without that encouragement and help, the improvements we have seen this year would have been impossible. On behalf of all the youngsters we help. we owe an enornious debt of 8ratithde to all those that have supported us. Peter Edwards Chair of the Board of TNstees September 2024
WHIRLOW HALL FARM TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 Th¢ tswst¢e4 who ar¢ s0 dir¢¢tors of the charity for th¢ purposes of the Companies Act 2006, pr¢scnt their report with the finaDcial statements of the charity for the year ¢nd¢d 31 Juty 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statemcnt of Recommended Practi¢¢ appIlble to charilics preparing their aDnts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of IKland (FRS 102) (eff¢¢tiv¢ l January 2019). OWEcrtVES AND ACTIVITIES Objeetfves and alms Whirlow Hall Fami Trust Ltd (WHFT) is located on a 138 a¢re working fam on th¢ outskirts of Sheffield. We provide outdoor-bascd ¢datIonal and developmental 1VItieS for ¢hildr¢n and young adults on day and residential programmes. We welcome youngsters frorn all backgrounds but parti¢ularly individuals who hav¢ sIla1 educational needs and disabilities (SEND), behavioura] and emotional challenge4 or schools and groups from areas that arc disadvantsge& We provide tailored opportunities that ¢nttble them to reach their full potenti. Our programmes are built around nurture, farniing and the environmenl and are closety allied to th¢ national curriculum and lo city-wide priorities. For somc- particularty primary school ¢hildr¢n- what we do enhances existing edu¢alional and vorational provision. But our focus is fmnly on providing an alternative for those whose needs cannot be met by mainstream programme5. We help children who have be¢n excluded, or who arc at risk of exclusion, to stay Mnnected or reconnect with aution so that th¢y w make thc most oftheir potential. We help yOg adults whose learning needs mean they are at risk of Isolatio or thal limit their ability to live independentty. The year-n)wid provision of that programme atso offers important continuity in the respite afforded to families and carers. tncreasingty we are looking to equip our older students - both s¢¢ondary school age and young adults - with prtical ski115 which will increase their independcncc and employability. Our primary school programmes giv¢ our youngest visitors their first experience of the countyside, provide the chance to fonn bonds with Classmates and trachers and, for our residential groups, will often be the first time the children have spent a night away from their families. Many will member their trip here for the rest of their lives. We are proudty in¢lusive, and also offersuppor*d volunt¢¢ring placements, apprentirxships and employment ftir people with special needs. We continuously reviewprovision to ¢nsur¢ itremains relevant and use the farni and its produceto raise funds to enabl¢ this aotivity. Publ1¢ benent In setting objectives and planning for activities, the TnteeS have given due consideration kn genwal guidance published by th¢ Charity Commission r¢l8ting to public benefi¢ including the guidance Thiblic benefit". n]nning a ch8rity (PB2)'
WHIRU)W HALL FARM TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 AClllEVEMENT AND PERFORMANCE arltable actlvltlts Having complctcd work to expand our cducation facilities in prior years, we have been able to make the most of them for the duration of this report. As a rcsulL we have delivered 12,481 student days of progrdmm¢s at th¢ Farn), an increase of over 800 days on what an already busy previous ycar. With onty a brief brcak over the Christmas period. this tran51atcs lo an average of 50 children attending every day of th¢ weck. It's vital to remember that every single one of those student days is important- th¢ alternatives for many of those attending are not good, with isolation and increased exp)suYe to negative infiuences a Thl risk. Of note, avcrage attendance ratc amongst our students 15 high at around in stark Gontrdst to approximately 25Y. in mainstream schools. We continue to recn]it additional edurAtion staff in order to deliver our expanding proeS - * I I the team is bigger than ever beforc. Alongside this, we have updated our curricula and are remodelling delivery methods to ensure that our work is as eff¢¢tive as p(vssibl¢. and that every youngster gain the most out of their time with us. We regularty our students and are delighted that 85Y. show a rethction in anxieties when they spend a tem at th¢ FaTm. and that 81Yo move on from the Trust in a positive way- re- engaging with school, gaining a platt in a special school or onto further education and training. During the Coursc of the 23124 fmancial year we: - Supported 141 high needs secondary and sixth forni pupils from 13 schools, up from 130 sthdents th¢ previous year - Provided over 10,000'studenV AP days over the ¢ours¢ of the year, more than double th¢ delivery of only 2 years ago. - Supported 29 young adults with learning ditTi¢ulties throughout the year, up from 27 the previous year (a 7.5% increase) - Delivcred primary school day visits using funding available through DEFRA; there is no cost to the school. We hosted 345 primary school ehildren from 13 schools. - Hosted 930 primary school thildren from 20 s¢h(x)Is on residential visits. Curr¢nt Programmes . Secondary Alternative (Nurture) Provision - In parthership with Sheffield City Council delivering terni- time Enty Level 3 and Level l Animal Care qualifications and AQA Unit Awards. these dcvclop a rallge of practical skills which provide a strong foundalion for progression to wllege cowsc5, appr¢nticeships or full time empl(yyment. W¢ offer a therapeutic re-engagement programme designed to work with children wilh complex need8 and mental health challenge5 outsid¢ mainstr¢am cducation or oth¢TWiSC di5enBaged from learnin& Jnd a flexible work-based programme for learners with Behavioral, Emotional and Social Difficulties. - Young aduhs with SEND - Provision of Iberapeutic. educational sessions for ages 16+, five days a wee fifty weeks of the year. focused on providin8 a wide range of cxperiences, improving confidence, dev¢loping indndent living and work based skill& Primary school children - day and overnight residential visits lo give young ¢hildren a taste of the ¢oiinty5idc, dcvelop bonds with classmates and thers, and ¢0 ¢xperi¢n¢¢ a night away from home and famity (for many their first such experi¢nce). - Colleges and Universities - Providing work expericn¢e and research opportunities to university and college studcnts from South Yorkshire onAnimal Manag¢menL Veterinary Nursing, Teathing and Child Psy¢ho108y.
WHIRLOW HALL FARM TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 ACHIEVEMENT AND PERFORMANCE rtir,lv. Impact 2023-24 . Att1nd•n•t xlKKI I'oLal: LQ 41Jl 83Yo •' 4WJI'I W¢coiilthi i mor• witb tht wJd-. aluii p•T. h•irxbl rr Whirloww Qiildtr 16 gJu ACHIEVEMENT AND PERFORMANCE THE FARM The various demands of the T5 operations make the Fann a challenging place to work. The div¢rsity necessary ft)rthe educational offerin& the impact offundraising events, its size and exposed position constrain the wmmewial viability of the fami. that variety s0 means that th¢ Farn) operation requires significant infrastructure and equipment. D¢spi* the ongoing high ¢osts of¢nergy, feed and bedding, we ¢ontinue to be hom¢ to a wide variety of farm animals for educational purposes- pig cows, sheep, goats and hens. Small animals and other fowl provide additional vari¢ty ftir school groups and visitors, whilst free-range turkeys are awelcome sight in the lead up to Christmas. Our Farni Manager is an experienced and regenerative-focussed individual who ensures animal welfar¢ is a priority on the Fann. Those animats that are br¢d for meat are sold through our farni shop, or at the local livesto¢k market.
WHIRLOW HALL FARM TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 ACHIEVEMENT AND PERFORMANCE THE FARM (CONT) At nearly IOOOft above sea level, the hOrt]cltUr operation contributes a limited variety of fruit and vegctsbles throughout the year. Our krtchen garden is t¢nded by volunteers and students. Our voluntccr-nm vincyard produced another good harv¢sL with pl¢nty forour stud¢nts. volunteers, staff and supporters to pick" we W¢TC particularty gral¢ful lo GTipple and LoadHog for supplying pickers, boxes and the means of transporting the harvest to the winery. The 2,800 bottles of wine made from the 2023 crop will be sold through our shop and café &8 part of the commercial operation which supports the Trust's charitabl¢ activities. Th¢ orthard has a similar role, and produced ¢nough apples for nearly 500 bottles of cider. Christmas trees are produccd to meet scasonal d¢mand. FARM SHOP, CAFÈ AND OFF-SITE CATERING Our new café and shop continue to develop whilst overcoming challenges faced aGTOSS the UK by food and hospilality businesses. RecNitment and rctcntion of experi¢n¢ed staff reftnains an issue. whilst the 5tof- living crisis meantthat customers were more calltious when it came to spending. However. we werc delighted that each element of our c4)mmercial operation - the shop, café and off-site cvcnts - has once win made a surplus this y¢ar and so wer¢ able to support th¢ charitable WOTk of the Trust. FUNDIL41SING AND EVENTS Fundraising to dclivcr and develop our charitable offering was again a¢hi¢ved through ? variety of means. We received generous support - both restricted and unrestrided - from a wide range of grant-giving organisation& community groups, individuals and business who value what we do. they rQgnISe the importance of service5 for vuln¢Table children and young adults from a¢ross the City and fiwthcr afield. This generosity has bcen vitsl to meeting the running Costs of the TNSL And for the development of its facililies, We are particularly humbled that so many hav¢ supportd Whirlow on a nnr of occasion4 and in some cases, with regular support. Whilst many donor4 particularty individuals, WAsh to remain anonymou4 further details can be found at Notc 22. We are also grateful that several local businesses continue to support and sponsor us. We received generous in-kind support from Arborist Tre¢ Care, ARS Limited, CMS, DLP, Gripple, LoadHog and Southgate and Sarabia. The Mandashi Foundation contributed to the dclOpment of our new education strategy and Curri]uM, whilst the Rotary Club of Abbeydale continued their long-standing support of the TrusL In addition, wc opencd our gates to the publi¢ for a number of fundraising events- Easter Lambin& Summer Fair and Chrislmas Market. GRI Group and Gripple's generous sponsorship of fundraising events was gratsfully r¢ceived. ENVIRONMENTAL IMPROVEMENTS The 128 growjd-mounted solar panels which wcre generously donated and Installed by Gripple had a signifjcant impact on our energy bills. We estimate that approximatcty 25°h of our ¢nergy consumption is now satisfied by the panels. The re8enerntive approach to f8rn1ing - producing food whilst simultaneou51y improving the ¢nvironm&rt - adopted by our Farni Managcr is a long-tcrn] con)mitmenL It involves fanning in a non-intensivc manner. minimising the usc of chemi¢a15 and prot¢thing soil and root systems: margins are left to nature. It is alr¢ady having a positive 1rnp alongside his herds of Highland and Dexter cattle and flocks of native-breed sheep, we have welcomed deer back to the farn) for the first time in living memory, and seen an inCree in wildlife such as hares and we&sels. STAFF AND VOLuKfEEILS Notwithstanding the churn that our comrnercial depa[knt has experienced - in line with other hospitslity businesses- the team 15 increasingly settled. Recruitment continues to add experience. imagination and Skills lo thc leam, with the Education departmcnt now bigger than it h&8 ever been. A pay rise, substantial for the Trust albeil below inflation levels. was w¢l¢omed by all stsff and followed on from similar increases in the pr¢vious y¢ars. The team remain comrnitt molivated and d¢tcrniined to do the best they can for those we help.
IIRLOW HALL FARM TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 STAFF AND VOLUNTEERS (CONT) The Trust continues to rety heavily on voluntccr4 partilarlY in the shop. on the fam¥ for events and some education activilies. We also receive substantial sp¢¢ialist support from volunteers who us¢ their HIL H&S and accounting experience to ensure the TTUSt 15 Compliant and smooth-rwming. Every (kpartment benefits from their ¢xperienrK. ¢nwgy 4nd skills and we we gratefvl that they do so much for us. We continu¢ to attract a steady flow of youngsteTS including from Sheffield universitie4 as well a5 retaining long-S¢TVAng volunteers. FThANCUL REvw Fin2Deil position The Thist had a good year, albeit below the tsrgets set. But with a small nct loss, which in¢lude5 a substantial deprecialion bilL the Trust ended the year in & strong finaDcial position wilh an EBITDA surplus. This is the result of strong prfornian¢es across the boar and despite the additional challenges presented by the curre economic climate. We continuaity look for efficiencies. and the generosity which reduced our reliance on mains electricity will save us thousands of pounds every year. Our balance sheet rcmains hthy. we hav¢ sufficient reserve5 for our purposes. IDv¢s¢m¢nt pollcy and obJ¢¢tlves Under the Memorandum omd Articles of Association th¢ tnt has th¢ power to invest in any way th¢ Board of Directors considers approprie to meet the Irnst's objectives. Reserves policy The Board reviewed and revise4J the Trus¢s reserves policy in February 2024. It took into account futurc planned activities, the TS position as a tenant of Sh¢ffi¢ld City Coun¢iL and stratsgic risks. A range of scenarios were Consider alongside the needs of operational cashflow, ID dctermining th¢ appropriate level of rescrvcs ncedc Our Balance Sh¢¢t remains hthy. Having reviewed our reserves policy in earty 2024, we detern)ineAI that the Twst r¢quir¢s £435,000 fr¢¢ cash r¢serv¢s: at year end we have sligbtty more than required. Going eODcern After making appropriate enquiries. the Trustees have re&80nable expectation that the company has adequale resources to ¢ontinue in op¢ralional exi51¢n¢¢ for th¢ foreseeable future. For this reason they continuc to adopt the going concern basis in preparing the fmancial statements. Fundratslng pretlee8 Funthaising remains a key Lspect of th¢ Trusvs financial model. The majority of our fundraising aclivity is undertaken by our in-house fidraiSIng teom, although we encourage local LX)mmunity gTOUPS and our supporters to assist. No commercial participators are employed to carry out ow fundraising. The cbarlty was not subject lo an undertaking to be bound by any volunlary schemc for regulating fiJnd- raisAn8. We operate in a low-kcy and friendty manner and always in accordance with the values of the Trust- there is no hard-sell whatsoever. Ivhilst may approach corporate organisations and community groups for support, we never approach individual members of the public - we always wait for them to make the first contacL As a r¢sulL w¢ hav¢ received no complaints regarding our apprnach to our fillraiSIng activities. nor have we been subject by a regulating body to any undertaking regardin8 these aclivitics. STRUCTURE. GOVERNAPICE AND mANAGEMEr Gov¢rnlng document Th¢ ¢ompany and th¢ group is r¢gisl¢red as a charitsbl¢ Company limited by guaranlee. The company and the group is consÉituted under a Memorandum of Association and is a regis*red charity [number 508910].
WHIRLOW HALL FARM TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 STRuuRE, GOVERI¥4ANCE AND MAF4AGEMENT ReernitmeDt And appointment of Dew trustees The role of the Board of Directors (Trustees) is to ensure that it oversees the work of the charity effectively. In order to do this, membership of the Board of Dire¢loTS is monitored by the Chairnian of the Board. PeriodicAlly, time is set aside at a Board meeting to reflect on the Board's p¢rfornian¢e 2nd functioning as a Should vacancies occur. new Board members will be appointed through a sclcction process which includes interview with two members of the Board and the Chief Executive. Induction and training of new tThstees New Board members receive appropriate induction and training which will include: - the obligations and responsibilities of Board members. - the main documents s¢t out th¢ operational framework of th¢ Trust including th¢ Memorandum and Articles" - resourring and the cwrcnt financial position as set out in the latest published accounts. and - futur¢ plans and obje¢tiv¢s. Board m¢mb¢rs are expected ts keep up to date with the Trusts affairs in order to provide ¢ffe¢tive governance. Each Board m¢mb¢r nomally sits on al leas¢ one ofthe BoaTd's ¢ommitt¢¢s, which are: . Health and Safety and HR - Finance - Education - Land, Enviromnent and Farniing - Marketing and Commercial The Chair of cach committee is responsible for ensuring that Éts members remain up to dats and contribute to the commlttee's effective operation. Cbiidren 8nd Youn8 People Safeguarding Policy has beenreviewed and updated in conjunction with Sheffield City Council Safeguarding Services. Trustees, CEO and Head of Education ensure thal the policy and guidelines are fully understood and adheml to by all staff and volunteers. Key man8g¢m¢nt r¢muneratfion Senior staff is the Chief Executive Officer only. The pay was originally set by approval of the board in 2015 attd any Changes have been discussed and approved by the board. Risk gement Whirlow Hall Farni Trnst believes that risk management is an essential part of its management process. Th¢ Chief Executive is accountable to the Board of Directors for the management of risk. The Trustees have essed the major risks to which the Company and group are exposed, particulatty those related lo operations and finances. They are satisfied that systems are in place to mitigate our W>OSUTe to major risks. Risk assessments are carried out within each fimction of the TnL The k¢y risks are: IDeome finsuffielent to cov¢r the rnnDin% costs of operations. W¢ have a diverse fundraising and InMe generating strategy to reducc rcliancc on any onc income stream. Wc arc cxpanding the aGtivilies of our trading company in order to generats additional funds ftIT the charity.
REPORT OF ThE TRUSTEES FOR ThE YEAR ENDED 31 JULY 2rt4 of volonteu Ind publlc •upport. The ¢harity s¢¢ks to r¢du¢¢ this risk by ¢nsurin8 and ¢omplian¢¢ are high prioTltle& mainlainlng ¢ommuoi¢ations oftd &wg¢mMt vAth local tMnitIeS. ensur1 th&t voluntecrs ftre mewfvlty employed aod w¢ll.vr880ised. F4llur¢ to ¥JPt to changu ID demand f•r our tknrltsble offerlM& We fftain awareness ofthc i8sue8 and lo¢ auihority p]8ns. We seek feethk from our numerou5 User 0up$ Safety of ehl]dren nd young peopk Heatih and Safdy, and Sthguarding •Tf th¢ number t)fte prlorfty at the Th35t. Wc have comprthen6ivc poIi¢ics and Pro in plaK ond re8ularly brief staff •nd vojunlce on related matters. Following lockdown. we wrre signed off by Shcfficld City Coun¢il'5 Health. Safety and Wellbeift8 Department as able lo provid¢ 8 COVID-smre a1rDment for the resumpti( of AlternaliY¢ Provision. TRusfEES The is ¢xtr¢mEty gM¢fu] to all its ThLStrcs. past &Dd prcsenL for their many ye8r5 of lelcrsknp and Bupport ID kny roles. srAifMEiYf OF TRUSTEESI RESPOF4SIBILITIES Th¢ trusteu (tho are also the dircctors ofwhlrlow Hall Farni Trust Limited for thvpws of ¢ompany law) are r¢8ponMI)le for prnP the Annual Report and th¢ fift¢191 statements in accordanc¢ with wplie4bk14W and Unit1 Kingdom Acrounting Stsnd¥Tds (UDil¢d Kingdom Gcneralty Accepted Accountin8 Practice) inc]uding Finaxcld Reporting Stattdard 102 'The Finaftdd Reporting Standard applicable in the UK and Republic of Irdand.. Cothpfjny law requir the tTrL8t to prep8re financial statall for ¢ach finon¢iAI ye8r whlth zlve a true and hir vi¢w of the stale of affairs of the ¢barit4bk ¢ompany and of the incoming Te50urc¢g And appli¢8rfon of resoiirce5, in¢ludin8 th¢ iDC(llD¢ 4nd expenditUT4 ofthe dwitAbk ¢ompally for that p¢riod. In PTryari those . s¢lert 8Uitable accountin8 p)li¢i¢s and then appty them coMsist¢nlty: observe the methods and prirtdples In the Charlty SORP. make judgements and estimates that aTe reasonable and prudenl. . prepare th¢ financial statements en.the 80in8 concem basis unl¢ss tt Is InappropTl* to presumè that the thwif4ble ¢ompw will ¢ontinuc In buskn¢ss. The trustees are Tesponsible for keeping proper accounting records which disclose with r¢asonabl¢ at any tim¢ th¢ fin8n¢lAI p(vJltion of th¢ GhaTitable company and io enable Ibcm to ensur¢ that the finjncial statements compty with the Compgni¢s Act 21x16. Thry are a150 r¢spon5ible for safeBuarditsg thc Assets of thc Imritabk Compally and h¢nR for tskin8 Teasonabk sty for th¢ pr¢v¢ntion alld detection of fraud and oth In 80 far al the trwt¢¢s a4vare: ther¢ is no relevant audAI ltif0mtIon of ]Ch the d)aritable company'8 auditOT8 Are unaware; and . the trustees have taken all steps that thry oughtto Imve taken to make themsdvcs aware of any relevant udit infornjatton and to establish that tllc auditors ar¢ of that infonllatioD. AIIDTTORS The audltor4 Hollis and Co Limik4 will Ix PToposed for rtrappoinlment at thc forthcminB Annual Genernl M¢cting. This r¢port h88 b¢¢n pr¢p1 in 4¢¢Ord9n with the special provisiQn5 of Part IS of the CothpAnies Act 2006 relatmg to small corApanies. Appro1 by Order of theboard 0fthtee8..... .. .. . .. ... . . and si8n¢d on its behalf by: P¢t¢r David Ethvards . Thtse
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WHIRLOW HALL FARM TRUST LIMITED Oplnlon We have audited the financial ststements of Whirlow Hall Farm Trust Limit¢d (the 'charitable parent compan> and its subsidiaries (th¢ '0up,) forth¢ year ended 31 Juty 2024 thich comprise the Consolidated Statement of Financial A¢tivi¢ies. the Consolidated Balance Shee¢ the Consolidated Cash Flow Stat¢m¢nt and nol¢s to the financial statements, including a summary of SI]fiCant a¢¢outhing policies. The financial rqKirting framework that has been applied in their prepaTation is applicable law and United Kingdom Accountlng Standards (United Kingdom Gcn¢ralty A¢cepted Accounting Pra¢ti¢e}, including Financial Rwrting Standard 102 The Financial R¢porting Stsndard 8pplicable in the UK and Republic of Ireland,. In ow opinion the financial statements: give a true and fair view of the 51ate ofthe group's and th¢ ¢haTitable par&rt CoMpanS affairs &s at 31 July 2024 and of its incoming r¢sow¢¢s and application of resources, including its income and expenditure, for the year then ended. have been property prepared in accorkncc with unit Kingdom Generalty A•d Accounting Practi. including Financial ReportinE SLdard 102 The Financial Rqjorting Standard applicable in the UK and Republic of Ireland and have been prepared in a¢cord8nce with the requirements of the Companies Act 2{6. Basls for opfiDlon We conducted OUT audit in arrordancr with Int¢rnationai Standards on Auditing (UK) (ISA5 (UK)) and applicable law. OUT responsibilities under those stsndards are fillther described An the Auditors, responsibilities for the audit ofthe fllwicia] statements section of our report. We are independent ofthe group and the charitable wmpany in rdanc¢ with th¢ ¢thical requirements that aT¢ relevant to our audit of the fmancial statements in the UK, including the FRC'S Ethical Standard. and we hav¢ fulfilled our other ethical responsibilities in ac¢ordan¢e with these requir¢ments. We b¢li¢ve that th¢ audit ¢vidence we have oblained is suffi¢i¢nt and appropriate to provid¢ a basis for our opinion. CondusloDS relathig to going CODcern In auditing the fmancial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial stat¢m¢nts is appropri&ts. Based on the work we have perfonncd, we have not identified any malerial uncertainties r¢knting io events or conditions that, individualty or ¢ollcctivcty. may cast significant doubt on the group's 2nd the charitable parent company's ability to continue as a going concern for a p¢riod of at least twelve months from when the fmancial statements are authorised for issue. Our responsibilities and the responsibilities of the1neS with ttspect to going ¢on¢ern are described in the rclevant scctions of this report. Other knformallon The trustees are responsible for the other infornation. The other InfOatIOn comprises the infonnation included in the Group Annual Reporl but does Awt include the financial statsments and ow Rert of the Indepthd¢nt Auditors thereon. Our opinion on the fllwicial statcments does not (ovcr the other infonnation and. except to the extent otherwise explicitly stated in our repx>TL we do not expre55 forni of assursnce ¢onclusioD thereon. In connection WAth our audit of the fm8Dcial statements. our responsibility is to rd the other infornialton all in doing so. consider whether the other information is materialty inconsistent with the financial statrrnents or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we id¢Thtify such material inry)nsistencies or apparent Materi misstatemcnty we are required to deterniine whether this gives ris¢ to a material misstatement in the financial statements th¢m5elves. If. bLsed on the work we have perforn]ed, we conclude that there is a mat¢rial misstatement of this other 1nf0rntiO wc are required to report that fact. We have nothing to report in this regard. io
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WHIRLOW HALL FARM TRUST LIMITED Oplttlon5 On other matters pr¢8eribed by the Compgnles Att 2006 In our opinion. based on the work undertaken in th¢ of th¢ audiL" the infonnation given in the Group Report of the Tnjstees for the financial year for which the fllwicial statements are prepared is consistent with the fmancial statemcnts: alld the Group Report of the Trustees has iKcn prcparcd in aw)rdanc¢ with applicable legal requir¢m¢nts. Matter8 on whieh we are required to report by ueeptioo In the light of the knowledge and understanding of the group and the charitable parent company and its environment obtained in the Course of the audiL w¢ have nol identifi¢d material misstatrm¢nts in the Group Report of the Tntee5. We havc nothing to rcport in respc¢t of the following matters wh¢re the Companies Act 2006 requires us to report to you if, in our opinion: adequate a¢¢ounting reIdS have not bem kepl or return5 adequate for our audit have noi been received from branches not visited by us" or the financial Statements arc not in agrcement with the accounting r¢wrds and returns: or certain dis¢losures of twstees, remuneration specified by law are not madc. or we have not received all the inforniation and explanations we require for our audit. or the trustees were not entid¢d to take advantage of the small companies, excmption from the reqUireMt lo prepare a Strategic Report or in preparing the Report of the T. Re8ponslbillties ortruxtees As explained rn0 fi]Ily in th¢ Stst¢m¢nt of Tn]stees' Responsibilitie4 the trustees (who are atso the directors ofthe charitable company forthe purposes of company law) areresponsible forthc preparation of thefinancial statements and for being satisfied that they give a trne and f&ir view. and for sh intemal control as the trnstees detcrniine is necessary to enable the Wcp0r1On of fllwicial stst¢m¢nts that are free from matsrial misstat¢menL whether due to fraud or etror. In preparing the financial statements, Ihe trustees are responsible foraswsing the wup and ¢haritable parent company's abilty to ¢ontinu¢ as a going wncern, disclosin& as applicablc, matters related to going coneem and using the going nCern basis of accounting unless the trustees either intend to liquidate the wup or clmritsblc parent company or to cease operation4 or have no realisti¢ alt¢rnativ¢ but to do so. li
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WHIRLOW HALL FARM TRUST LIMITED Our responslbfilltles for the audlt of the Ilnanelal statements Our objectiV¢5 ar¢ to obtsin reasonable assuran¢¢ about wh¢th¢r th¢ financial ststem¢nts as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Indepcndent Audilors that includes our opinion. Reasonable Assurance is a high level of assurance, but is not a guara¢¢ that an audit conducted in accord2llL% WAth ISAS IUK) will always detect a material misstatement when it exists. Misstatements can aris¢ from fraud or ¢rror and are considered material if, individually or in the aggregate. they could reasonabty be cCted to influ¢n¢¢ th¢ OnOMiC d¢¢isions of u8¢rs taken on th¢ basis of thesc financial stalements. Irregularities, includin8 fraud, are insLin¢es of non-compliance with laws and regulations. We design procedures in line with our responsibilitie& outlin¢d above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting iTregulaTi¢ies, including fraud is detailed below: We design procedures in line with our re$pon$ibilitie& outlined above, to detect material misstatements in respect of I¢gularitIcs, including fraud. The extent to which our procedures are capable of detccting irre8ularities, including fraud is detsiled below: - Enquiry of managemen( and those charged with governanrx, around actual and potential litigation and - Enquiry of cntity staff in t&x and complianc£ functions to identify any instances of nonwC4)rnpliaD¢e with laws and re8ulatAons' - Reviewing minutes of meetings of those charged with governance. - Rcviewing financial stat¢ment dIlOSUre8 and tssting to supporting do¢um¢ntation to a&s¢ss compliance with applicable laws and regulations. - Performing audit work over the risk of management ovcnidc of contro15, including testing ofjournal entries and other adjustments for appropriatenes4 evaluatingthe business rationale of signifi¢antlrnnsa¢tions outside thc norn)al course of business and Teviewing a¢untIng ¢stinMks for bias. Because ofthe inherent limitations ofan audit, there is a rAsk that we will not detect all ]egularItieS including those l¢ading to a material misstatement in the fmancial statements or non-compliance with regulation, This risk increases the fillther that compliance with a law or regulation is removed from the events and transactions ieflecled in the financial statements, as we will be less likely to become aware of instances of nonvcompliance. The risk is also greater regarding irregularities occurring due to fraud rather than em)r. as fraud involves intentional ¢oncealmenL forgery, collusion, omission or misrepresentation. A fitrthet description of our responsibilities forthe audit ofthe financial statements is located on the Finaneial R¢porting Council's wcbsite at www.frc.or .uk/auditor5res nsibilities. Thi5 description fornis part of our Report of the Independent Auditors. Use of our report This report is nde solely to the charitable compan$ members. as a body. An accordancc with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work been undertaken so that we might state lo the charitable company's members those matters we aff required to state to them in an auditors, report and for no other puOse. To the lIeSt extent pern)itted by law, wc do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, frgr this reporL or for the opinions we have forn)ed. PETER HOLLIS (Senior Statutory Auditor) fot and on behalf of Hollis and Co Limited Chartered Accountants Slatutory Auditor 35 Wilkinson Street Sheffield South yOshite S102GB Date: 14 November 2024 12
WHIRLOW HALL FARM TRUST LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTKvrriES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2024 2024 Totsl funds 2023 Totsl Unrestricted Restricted fimds fund Notcs INCOME AND ENDOWMENfs FROM Donations and legaGi¢S 94,422 164.721 259,143 555,841 Chgrltable atthldeg Education and charitable events 425,885 425,885 402,425 Other trading activities Investment IllMe 850,142 6,274 850,142 6.274 790,816 2.647 Tot*1 76.723 164,721 1751729 EXPENDITURE ON Raising fun 876.816 876,816 796.886 Cbgritable activities Education and charitable event5 633 728 186 632 842 Total 1510 158 1605 002 1429 728 NET INCOME Trallrf¢rs between funds (133.435) 77 024 69,877 (63,558) 322.1 20 Net movement In tsnd8 {56.411) (7,147) (63,558) 321001 RECONCILIATION OF FUNDS Total funds brought forward 2,186.901 49,868 2.236.769 1.914,768 TOTAL FUNDS CARRIED FORWARD 2 130490 42721 11 2 236 769 13
CONSOLIDATKD BAL4NCE SHEET 31 JULY 2024 2023 UnT&8triL# Re*i¢f¢d Total fiwd FIXED ASSETS Intangible assets Tan8ible 488¢ts Jnvesthients 14 15 16 1.071 1.779.905 1.707.133 1.707.133 1.707.133 1,707.133 1.781,036 17 89.657 38.981 89.657 38,981 37J49 479,403 at bank and inh#nd 549.380 42.721 592.101 603.044 CREDITORS 19 (126.023) (126.023) (147,311) 423 TOTAL ASSETS LE&S CURRENT LWiUllES 1130,490 41721 1173211 1236.769 ET ASSETS 2 130 490 42721 ]1 6769 2,130,490 1186901 TOTAL FiINDS 2 173211 These fjnan¢M st•t¢m¢nts hav¢ been pr¢par¢d In a¢¢ordI¢ Mth the prwlslons applicable to ¢haritable ¢ompantes subjert to the small comp4ni¢s' r¢8ime. The fu1•1 stst¢ments w¢r¢ aPPToved by th¢ Boardof Tnths and authoris¢d foT isslle on ... and were signed on its behalf by: P¢t¢r David Edwards. Tnte¢ 14
31 JULY 2024 20 fulld FIXED A&SETS T*wbl¢ assets 15 16 1.692.439 1.691839 1.763.051 1,691841 1,692.841 1,763,053 17 18 35J41 135,416 266.105 35J41 135,416 29.072 131,975 365.957 Cath at bJDk and in hand 43A862 42,721 479.583 S27.( CREDITORS Amounts fallin8 duc within onc yc4r 19 (43J82) {43.382) (63 J38) 42 721 463 466 436 TOTAL ASSEfd LESS CURRENr 2,086,321 42.721 2,129.042 222fj519 I¥ET ASSETS 2.086 2 129 042 2 226 519 FUNDS Unr¢stri¢t¢d funds 1086.321 117Q651 2 129042 LI9 Thcs¢ thla1 Statem¢1 hav¢ bKn pr¢par¢d Jn a¢¢wdance the provisions applichbk to ¢harithbl¢ The finJ¢i81 5tat¢m¢Dts w¢r¢ approved by the Board of Tntsteeg and thOrI9ed for 188ue on IL.-..Zrd w¢r¢ 8lgn¢d on its b¢haif by: Peter DavAd Edwards. TNstee 15
WHIRLOW HALL FARM TRUST LIMITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Notss Casb Ilows from operathig aetfvltles Net cash provided by operating a¢tiviti¢s 383 890 Cash Ilows from investing ac¢ivitle8 Purchas¢ oftangible fixed assets Sale of tsngible fixed assets Intsrest received (82,863) (591,518) 7,790 Net cash used in investing activities 581081) Chgng¢ In ush and ea8h ¢qufv•lents In the reportlng perlod Cash and tasb equivalents at tbe beEinnlD£ of the reporting period (15,940) (197,191) 479 403 Cash 8nd fash tqulv*lents at th¢ end of the reporting perlod 479 403 16
WHIRLOW HALL FARM TRUST LIMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING 2024 2023 Net iueome for Ihe reporting period (as per the Stslemtnt of Finanti Artivitiu) Adjustments for: Depreciation charges (Profityioss on disposal of fixed asscts InteTest received (In¢revdecrea$c in stocks (In¢reaseyde¢rease in debtors IneaSe/(de¢reaS¢) in weditors (63,558) 322.001 156,716 50 (6274) (3,365) (1,632) 107,328 (6.048) {2,647) (19,369) 48,754 Net ¢th provlded by op¢r4tio 383 890 ANALYSIS OF CHANGES IN NET FUNDS At 118123 Cash flow At31n Net easb Cash at b4nk and in hand 479,403 (15,940) 463,463 Tot41 479 403 17
WHIRLOW HALL FARM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES Ba515 of PrerIng the finanel*l statements Thc financial statwnents of the charitable company, which is a publi¢ benefft entity under FRS 102. have been prepared in acrd80r with the Charities SORP (FRS 102) 'Arcounting and Reporting by Charities: Statement of Recommended Pra1(¢ applirablc to Ghariti¢5 PTepdring their accounts in accordance with the Financial Reporting Standard appltcable in the UK and Republic of Ireland (FRS 102) (Effective l January 2019),, Financial Reportlng Standard 102 The FAnancial Reporting Standard applicabl¢ in the UK and Republic of Ireland, and the Companic5 Act 2006. The fiDanciat statements have been prepared under the historic cost Conventio unl¢ss stated othenvise in the relevant accounting policy. The thaTitable company hag taken advantage of the exanption allowed under section 408 of the Companies Act %)06 and has notpresented its own Stalemcnt ofFinancial Activilies in th¢s¢ fAn2ncial The fumnciai stalements consolidatethe accounts for Whirlow Hall Farn] TrustLimited and its wholty Ompned subsidiary. The resuhs of th¢ subsidiary ar¢ consolidated on a line-by-line basis. The presentation ¢urn¢y of the financial statcmcnts is thc Pound Sterling (£). The financial statements are rounded to the Dear¢st £1. Golng ¢on¢¢rn The Twstees have Prepared forecasts of income and expenditiwe for the period to 31 De¢ember 2025 which shows that they have sufficient reserves to be able to continue for the foresceable firture. The Trustees recognise the uncertainty around future income generntion and the inherent risk Tegording the success and suslainability of their plan& however, they have concluded that the entity remains a going ¢on¢¢rn. Th¢ Trustees continue to monitor the impart on income and tsk¢ appropriate action as nccessary. The Trustcc's therefore ¢ontAnue to adopt the going ¢on¢¢rn basis of preparation for these financial statements. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probabJ¢ that the income will be received and the amount be measured reliably. The basis of income received for specific putposes but not expended during the period is shovm in thc relevant fimds on thc Balance Sh¢¢t. Where income is received in advance of entitlement to ttreipL its recognition is d¢ferrcd and included in creditors as defrrred income. WheTe entitlement o¢¢urs before tn¢ome is receive the income is aCCed and ]luded in debtors as accrued Ancome. Donated serviccs or [11111¢S arc recognised Wh the ¢ompany has control over thc Ite any t4)nditions &qsociated with the donation have been mel the receipt of cronomic benefits to the company from the use of the item is probable and that ewnomic benefit Can be me&8ure4 reliabty. In accordance with the Charities SORP (FRS 102). g¢neral volunteer time 18 not recognised in the Statement of Financial Adivities. Donated professional services and facilities are recogniscd on re¢eipt on the basis of the value of the gift to the company, whith is the amount that it would have been willing to pay to obtsin the sayices or facilities of equivalent economic bw¢fit on the open nwkct. A corresponding amount is then reco8nised in expenditure in the period of reccipt. 18
NOTES TO THE FINANCIAL STATEMENTS- contlnlled
FOR THE YEAR ENDED 31 JULY 2024
ACCOUNTING POLiCIES- eontinued
EendItUre
Liabilities are recognised &8 expenditure as soon as there is a legal or constructive obligation
committing th¢ charity to that expenditure. it is probable that a transfer of cci>nomir b¢nefits will be
required in settlcmcnt and the amount of the obligalion Gan be mewsured Teliabty. Expenditure is
accouDled for on an aLKruals basis and has been ¢lassifi¢d er headings that aggregatc all cost
r¢laled to th¢ r*eg(ry. Wh¢r¢ c4)sts rannot be directly attribthed to particular headings they have been
allocated to activities on a basis consistcnt with the use of resources.
Expenditure on raising fimds includes all expenditur¢ inwrred by the group to raise fidS for ils
tharitablc purposes and includcs costs of all fundraising a¢tivities events and non
WHIRLOW HALL FARM TRiIST LIMITED NOTES TO THE FINANCIAL STATEMENTS- eontknued FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES - contlnued P¢n8fion ¢osts and other post-reltrement beneflts The wmpany op¢rat¢s a d¢fJned contribution pension scheme, and the pension charge repr¢s¢nts the amounts payable by the cornp8ny to th¢ fund in respect of the year. DONATIONS AND LEGACIES 2024 2023 Individuals Clwitable foundations Legacies Corporate donations Gift Aid 65,397 149,691 266,7 172,524 20,502 22338 26,516 16 259 143 555 841 OTHER TRADING ACTIVITIES 2024 2023 Farni operations Shop & rafe operations 30,593 819 549 36J96 754 420 850 142 790 816 INVESTMENT INCOME 2024 2023 Interest receivable INCOME FROM CHARTTABLE ACTIVITIES 2024 2023 Education Fundraising and ¢v¢nts 353,937 318,788 425 885 20
WHIRU)W HALL FARM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR EIYDED 31 JULY 2024 OTHER INCOM 2024 2023 None . RAISINC FUNDS Raising doDfdtion8 gnd legacles 2024 2023 Staff Costs Event Costs Event costs (other) 79,347 20.297 886 61,012 24.458 624 100 Other tradlng 8¢tlvltks 2024 2023 Purchases Stsff costs Other costs (farni) Other costs (shop & cafe) Dcpre¢iation Loss on sale of assets 381,132 352,604 333,886 331,917 34,520 7.980 50 36.SY2 7.983 414 Agate amounts 876 816 796,886 CHARfrABLE ACTIVITIES COSTS Support osts (see nots 9) Dirc Costs Totsts Education and events 473 937 254 249 728 186 21
WHIRLOW HALL FARM TRUST LIMfTED NOTES TO THE FINANCIAL STATEMENTS- ¢onthued FOR THE YEAR ENDED 31 JULY 2024 SUPPORT COSTS Governance Management Financ¢ Totsls Education and events 209 628 io. NET INCOMEIIEXPENDITURE) Net incomel(exp¢nditw¢) is ststed aft¢r charging/(cd1ting). 2024 2023 Stathtory audit f¢¢ Taxation ¢omplian¢e seryices Other non-audit services Depreciation- owned assets Surplus/(deficit) on disposal of red ass¢ts Computer software amortlsation 10,1 9,470 540 21.032 106257 (6.048) 1.071 17,914 155,645 50 071 ii. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or othcr benefrts forth¢ year ended 31 July 2024 nor for th¢ year ended 31 Juty 2023. Trustees, expenses There were no trustees, cxpcnscs paid for th¢ year ended 31 Juty 2024 nor for the year ended 31 July 2023. STAFF COSTS 2024 2023 Wages and salaries So¢ial security ¢osts Other pension costs 719,603 55,006 653,659 46,872 The average monthly number of employees during the year was As follows: 2024 14 2023 13 Charitable activities Cost of generating funds Fam] and cafe operations Management 31 33 50 51 No employees received emoluments in excess of £60,000. Th¢ key management personnel of the ¢ompany comprise the Trustses and the Chief Exc¢u¢ive Officer. The total remuneration costs for thc key management persomiel amounted to £46.449 (2023 £44.878). 22
WHIRLDW HALL FARM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 JULY 2024 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr¢stri¢ted Restricted fimd Total INCOME AND ENDOWMENfs FROM Donations and lega¢ies 202,666 353,175 555,841 Charltable AetfvitieB Education and events 402.425 402,425 Other trading activities Investment income 790.816 2,647 790,816 2,047 Total 1,398554 353,175 1,751,729 EXPENDITURE OF4 Raising funds 796,886 796,886 Cbarltable actmtles Education and events 527J29 105,513 631842 Total 1.324.215 105,513 1.429,728 NET INCOME 74,339 247.662 322.IXII Transfers between fvDds 358 378 358 378 N¢t movement In funds 432,717 (110.716) 321001 RECONCILIATION OF FUNDS Total thnds brougbt forward 1,754,184 160,584 1,914.768 2,186,901 49.868 2,236,769 A5 pcrn)itted under scction 408 of the Companics Ac( the profit and lo account (Statment of Financial Activities) of the p*ent company is not presenled as part of these financial statements. Th¢ parent ¢ompany's loss for the fman¢iai y¢ar. including r¢strirt¢d donations, was (£97.477) (2023 £304,757). 23
WHIRLOW HALL FARM TRUST Lll¥ffTED F40TES TO THE FINANCIAL STATEMENTS. Continued FOR THE YEAR ENDED 31 JULY 2024 J4. INTAPIGIBLE FIXED ASSETS Group Computer COST At l August 2023 and 31 Juty 2024 AMORTISATION At l August 2023 chge for year 3.414 At 31 July 2024 NET BOOK VALUE At 31 July 2024 At 31 July 2023 15. TANGIBLE FIXED ASSETS Group Short leasehold Long lea5chold Plant and ma¢hinery COST At l August 2023 Additions 6,176 2.190,884 59,564 81.581 1,500 At 31 Juty 2024 2 250 448 DEPRECIATION At l August 2023 Charge for year Eliminated on disposal 3.667 348 624,060 109,480 71,558 4.999 At 31 Juty 2024 NET BOOK VALUE At 31 July 2024 1516 908 At 31 July 2023 1566,824 24
WHIRLOW HALL FARM TRUST LIMfTED NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 JULY 2024 15. TANGIBLE FIXED ASSETS- continued Fixtures Motor vehicles fitting5 Totals COST At l August 2023 Additions Disposals 745.670 21.799 51,940 3.076251 82,863 At 31 July 2024 758 641 DEPRECIATION At l August 2023 Charge for year Eliminated on disposal 552,903 38,409 44,098 2,409 1,296,286 155,645 At 31 Juty 2024 582 534 1437 057 NET BOOK VALUE At 31 Juty 2024 176.107 5,433 1707 133 At 31 Juty 2023 192 767 TANGIBLE FIXED ASSETS Company Long 1&gsehold Plant and machinery fittings Molor vehicles Totals COST At l August 2023 Additions Disposals 2,190,884 59.564 81.581 1.500 697.086 17,459 46,140 3,015.691 78.523 At 31 Juty 2024 3 081917 DEPRECIATION At l August 2023 Charge for year Eliminated on disposal 624,060 109,480 71.558 4,999 516.795 32,330 40,227 1,926 1,251640 148,735 At 31 July 2024 733 NET BOOK VALUE At 31 July 2024 1516908 165 420 3.987 1.692.839 At 31 July 2023 1566 824 180 291 1763.051 25
WHIRLOW HALL FARM TRiTST LIMITED NOTES TO THE FINANCIAL STATEMENTS- conthiued FOR THE YEAR EPIDED 31 JULY 2024 16. FIXED ASSET INVESTMEIYTS Company Shar¢s in group undertakings MARKET VALUE At l August 2023 At 31 Juty 2024 NET BOOK VALiJE At 31 July 2024 At 31 July 2023 There were Th) inveslment assets outside the UK. The company's inveslments At the balan¢e sheet date in the share capital of companies include the following: Whirlow Hall Fsrm Lknlted Registered office: Whirlow Hall FaTm, Whirlow Lane, Shcffiel4 Sl19QF Nature of business: retail sales Class of share: Ordinary bolding loo 2024 2023 Aggregate capital and r¢sery¢s Profitl(loss) for the year 44,171 10.254 17.247 26
WHIRlw HALL FARM TRUST LIMITED NOTES TO THE FJNANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2024 17. STOCKS Group 2024 2023 Work-in-progffss Finished goods 7,060 590 86 STOCKS Company 2024 2023 Work-in-progress Finish¢d goods 7,060 590 18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2024 2023 Trade debtOTS Other debtor5 VAT Prepaymcnts and a¢¢rued income Prepayments 15,788 2264 9,684 6258 12.500 8,907 20,929 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Company 2024 2023 Trad¢ debtors Amounts ow¢d by group undertakings Other debtors VAT Prepayments and accrued income Prcpayments 13,503 100,843 2,264 9,661 96,775 6,258 12,500 135 416 131975 27
NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE ITAR EIWED 31 JULY 21ll4 19. CREDm)RS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social securlty and other tsxes Pension edItor Credit card Other creditors Accruals and deferred iticome Acfflied exp¢ns¢s 44,781 14,085 1401 802 1,056 26,840 58.213 10,684 2,020 157 1.883 36,134 147311 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR CompgDy 2024 2023 Trade crcditoffs Social security and other taxes Pension creditor Credit card A¢¢ruals and deferr¢d income Amed exp¢ns¢s 14,078 10,622 1.898 802 6J65 34,376 7,804 1,674 157 6.110 20. MOVEMENT IN FUNDS Net movement in funds Transfers b¢twe¢n fimds At 31nn4 At 118123 Unrestricted funds General fund Designated 435,661 1751240 {30,439) 405222 77 024 68 2,186,901 (133.435) 77,024 2,130,4) R¢stri¢ted funds Restrirted 49,868 69,877 (77,024) 42,721 TOTAL FUNDS 2 236 769 2 173 211 Net movement in funds, included in the above are a8 follows: Incoming Gains and losses Movemcnt in funds Unrestrleled funds GcncTal fund Designated lJ76.723 (1.407.162) (102.996) {30,439) (102,996) Restrieted Restricted 164,721 (94,844) 69.877 TOTAL FUNDS 541445 1605 002 28
WHIRU)W HALL FARM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- eontiDued FOR THE YEAR ENDED 31 JULY 2024 20. MOVEMENT IN FUNDS- ¢oDtlnu¢d Comparatives for movement in fund8 Net movement in funds Transfers between funds At 31nn3 At 118122 Unrestricted hDd8 General fund Desiwied 284,712 1469 472 74J39 76,610 281768 435,661 1751240 1.754.184 74.339 358,378 2.186.901 Restrkted fund$ Restricted 160.584 247.662 (358J78) 49.868 TOTAL FUNDS 1914 768 Comparalive net movement in fimds, included in the above arc as follows: Incoming reSou¢S Resources expended Movement Unrestrlcted hnds General fill D¢signatsd lJ98,554 (1,324215) 74.339 1.398.554 (1,324.215) 74J39 Restrithd ndS Restricted 353.175 (105.513) 247.662 TOTAL FUNDS 1751729 1.429 728 322,1)01 A eurrent year 12 months and prior year 12 months combined position is as follows: Net movem¢nl Transfers between funds At 31nll4 At 118122 Unre8trieted funds General fund Designated 284.712 1469 472 43.900 102 996 76,610 405222 358 792 68 1,754,184 (59,096) 435,402 2,130,490 Restricted funds R¢striGtcd 160,584 317,539 {435,402) 42.721 TOTAL FUNDS 2 173211 29
WHIRU>W HALL FARM TRUST LIMITED
NOTES TO ThE FINANCIAL STATEMENTS- eontlnued
FOR THE YEAR ENDED 31 JULY 2024
20.
MOVEMENT IN FUNDS. continued
A current year 12 months and prior yeor 12 months combined net movement in fund4 included in the
above are as follows:
Incoming
r¢wur¢es
Resources
expended
Gains and
losses
Movement
in funds
Unre8trtel¢d lund8
General fund
2.775,277
(2,731 J77)
102
43,900
102996
2,775,277
(2,834,373)
(59,096)
Restrleted tsnds
R¢strict¢d
517,896
(200,357)
317,539
TOTAL FUNDS
3 034 730
In acoordance with their wishes, we have a policy ofwithholding the names of personal donors" their
incrediblc generosity remains anonymous for the purposes of these a¢nts. we are grateful to
every single one of them for their support; the progress we have been abl¢ to make at the Tnt in
recent years. in¢luding
WHIRWW HALL FARM TRUST LIMITED NOTES TO THE FINANCL4L STATEMENTS- tontlDved FOR ThE YEAR ENDED 31 JULY 21124 MOVEMENT IN FUNDS- eontlnped Grants Testrlcted to educAthin purposes: The SwAre Charitable Tntsts (£25.000, year 2 out of 3). The Michael Cornish Charilable Trust (£I.000). Th¢ GosliDg Foundati(m {£5,000). The Scbreier Folmdation (£2.000), The Company of Cuders combine Ch*rAtable Trnst (£I.000}. Yorkshire Agricultural Society (£2,000). Church Burgesses Educational Foundation (£5.(100). St James Plac£ Charitable Foundation{£30,000. first of a three year grant). The Masonic Charitable Trust (£27.114.50: second of a two year grant). The BeatrA¢e Laing Tnt (£5,000. second of a three year grant). Liz & Terry Brama]l Foundation (£5,000), Willian Dean Foundation (£1,000). Grants restrAd¢d to speelflc Items: Sheffield & District A$Slation for the Disabled (£607" Handwa5h Unit), Westfield Health (£2,(KIO. Hall Refurb), Abbvie Ltd (£I,OOO" Hall Refurb), Skioon BS Charitable Foundation (£2,(IOO' Hall refiwb). Fund deslgnatlon De5ignatcd fimds rq)resent the nct book value of red assets where the conditions of funding have been fidfiiled and UlestCted donations received for capital projects which have not yet been lmpleted. TRANSFERS BETWEEN FUNDS A transfer has been m8dc from restrACted funds to unreslricted {designated) funds for the net book vaIue of fjxed asscts where the conditions of funding havc been frIlled. A transf¢r h&8 been mad¢ from r¢strict¢d funds to unrestri¢ted fimds where the ¢onditi¢)ns of fimding have been fulfilled and expenditure in exttss of the donation has been made. A transftt has been made from unrestricted funds to unrestricted (designated) funds for depreciation charged on assets held under the desi funds. 21. RELATED PARTY DISCLOSURES The charitable company h&8 tsken advantsge of exemption. under the ternis of Financial Reporting Standard 102 The Finan¢ial Reporting StandyTd 8pplicabl¢ in the UK and R¢publi¢ of Ir¢land', not to disclose related paty transactions with wholly owned subsidiarie5 within the group. During the year, trustees made donalions to the charlty totauing £53200 (2023 £231,100). 31
WHIRLOW HALL FARM TRUST LIMITED DETAILED STATEME OF NANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legaeles Individuals Charitable foundations Legacie5 Corporate donation5 Gift Aid 65.397 149,691 I,ooo 26.516 16 266,790 172,524 20,502 22,338 259,143 555,841 Other tradlDg aetfvfitl¢8 Farni operations Shop & eafr operations 30,593 819 36,396 754 420 850,142 790,816 Invcstm¢nt income Interest receivable 6274 2,647 ChArAtgble 4¢tlvAtles Education Fundraising and events 353.937 71 318,788 425 885 402 425 Total In¢omlng re8our¢ 1.541.444 1.751,729 EXPENDITURE Raising donatlon8 and legacies Wages Social security Pensions Event Costs Premise costs 71.231 6,578 1,538 20.297 886 55,418 4,464 1.130 24,458 624 100,530 86,094 Other trading gelivities DI¢t shop & ¢afc Costs Dir¢ct farm rosts Wages Social security Pensions Other cots (shop & café} Amortisatlon of intangible fixed ass¢ts Depreciation of tangible red assets Loss on sale of tangl]¢ f¢d assets 372,705 .427 326.356 22,090 4.158 34.520 1,071 6.909 50 776,286 278,892 54,994 309,043 19,449 3,425 36,592 1.071 6,912 414 710,792 32
WHIRLOW HALL FARM TRUST LIMTfED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Charitsbl¢ 4¢tfvttie$ Wage5 Social security P¢nsions Other costs Educational costs Educational costs {other) Depreciation of tangible ed assets Loss on sal¢ of tsngible fixd assets 247,747 19254 217,921 16280 4,061 15.191 11449 33,616 35,914 35 22J02 39.861 129,930 473.937 335.467 Support eosts Managemtnt Wages Social security Pensions Other costs Repairs and maintenance Depreciation of tangible and h¢ritag¢ assets Loss on sale of tsn8ible fixed assets 74,269 7.084 1,754 91.025 16,6 18,806 71277 6.679 1,647 98,760 17J84 63,226 209,628 252,476 Flnanee Bank charges Credit charges 1.196 264 13 16.607 13.587 Governante eosts Auditors, yemuneration Auditors, remun¢ration for non audit work io,ioo 9.740 28,014 31.312 Total r¢sour¢¢s ¢xpended 1605 002 1429 728 Net ineome 63 58 322 001 33