FENTENFENNA FARM CIC

Company limited by guarantee

Company Registration Number:
12953185 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

FENTENFENNA FARM CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FENTENFENNA FARM CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 125,840 26,106
Cost of sales: ( 30,753 )
Gross profit(or loss): 95,087 26,106
Administrative expenses: ( 144,974 ) ( 62,800 )
Other operating income: 121,719 31,575
Operating profit(or loss): 71,832 (5,119)
Interest payable and similar charges: ( 2,170 ) ( 756 )
Profit(or loss) before tax: 69,662 (5,875)
Tax: ( 13,235 )
Profit(or loss) for the financial year: 56,427 (5,875)

FENTENFENNA FARM CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 441,814 239,594
Total fixed assets: 441,814 239,594
Current assets
Debtors: 4 17,656 13,935
Cash at bank and in hand: 44,023 27,427
Total current assets: 61,679 41,362
Creditors: amounts falling due within one year: 5 ( 394,190 ) ( 241,315 )
Net current assets (liabilities): (332,511) (199,953)
Total assets less current liabilities: 109,303 39,641
Creditors: amounts falling due after more than one year: 6 ( 50,000 ) ( 50,000 )
Provision for liabilities: ( 13,235 )
Total net assets (liabilities): 46,068 (10,359)
Members' funds
Profit and loss account: 46,068 ( 10,359)
Total members' funds: 46,068 (10,359)

The notes form part of these financial statements

FENTENFENNA FARM CIC

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 April 2025
and signed on behalf of the board by:

Name: Luke Berkeley
Status: Director

The notes form part of these financial statements

FENTENFENNA FARM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Land & buildings- 50 Years for buildings, 20 years for infrastructure Plant & machinery- 10 years Motor vehicles- 10 years Fixtures & fittings- 5 years Computer equipment- 5 years Other tangible fixed assets- 5 years

FENTENFENNA FARM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 1

FENTENFENNA FARM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 249,444 5,619 2,300 0 257,363
Additions 19,380 143,103 2,819 49,845 215,147
Disposals
Revaluations
Transfers
At 31 October 2024 268,824 148,722 5,119 49,845 472,510
Depreciation
At 1 November 2023 14,319 1,882 1,568 0 17,769
Charge for year 2,910 3,476 0 7,095 13,481
On disposals
Other adjustments 554 554
At 31 October 2024 17,229 5,358 1,014 7,095 30,696
Net book value
At 31 October 2024 251,595 143,364 4,105 42,750 441,814
At 31 October 2023 235,125 3,737 732 0 239,594

FENTENFENNA FARM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
£ £
Trade debtors 5,466 10,932
Prepayments and accrued income 287 2,873
Other debtors 11,903 130
Total 17,656 13,935

FENTENFENNA FARM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 50,137 25,000
Trade creditors 502 4,097
Taxation and social security 1,167 3,045
Accruals and deferred income 334,677 209,173
Other creditors 7,707
Total 394,190 241,315

FENTENFENNA FARM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 50,000 50,000
Total 50,000 50,000

COMMUNITY INTEREST ANNUAL REPORT

FENTENFENNA FARM CIC

Company Number: 12953185 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

Facilities and infrastructure The farm has undergone considerable development to enable the multiple occupancy tenancy approach to be expanded, currently supporting new entrants into the Agri-food sector the farm is home to 19 micro enterprises. Volunteering The farm continues to support people from the local community through volunteering, many of which suffer high levels of deprivation and have various health conditions, predominantly mental health. Schools The farm is now working with local schools to support students who are struggling to engage with mainstream education. Over 80 young people have accessed activities within the market garden, tree nursery and orchard. The results reflect similar feedback from the previous year showing improved behaviour, attendance, and results in core subjects, but most importantly confidence. Education The farm is now providing supported internships through the multiple tenants across the site. This is due to expand in the coming year. Food distribution The food hub at the farm is now distributing surplus food to community groups across mid-Cornwall, with plans to expand the offering to a wider geographical area in the coming years.

Consultation with stakeholders

Consultation is continuous and ongoing and includes engagement, discussion and feedback from: Cornwall Council A wide range of community organisations Fareshare SW Trussel Trust Local schools Pentreath Volunteer Cornwall Local PCNs NHS Foundation Trust Consultation on how we can improve the services to support beneficiaries, and to start to shape services around supporting the NHS to deliver in more community settings, including farms.

Directors' remuneration

The total amount received by directors in respect of qualifying services was £55,098 There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
18 April 2025

And signed on behalf of the board by:
Name: Luke Berkeley
Status: Director