RAISING YOUNG FARMERS CIC

Company limited by guarantee

Company Registration Number:
13545562 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2025

Period of accounts

Start date: 1 September 2024

End date: 31 August 2025

RAISING YOUNG FARMERS CIC

Contents of the Financial Statements

for the Period Ended 31 August 2025

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

RAISING YOUNG FARMERS CIC

Directors' report period ended 31 August 2025

The directors present their report with the financial statements of the company for the period ended 31 August 2025

Principal activities of the company

The company is a community interest company providing education to children and young people aged 2 to 16 on regenerative farming practices. Children learn about where food comes from, how it is produced, and associated practical skills including crafts, construction and engineering tasks. The company's activities and their community impact for the year are set out in the separate Community Interest Company Report (CIC34) which accompanies these accounts.

Additional information

Directors The directors who held office during the year and up to the date of approval of these financial statements were Vaughan Williams (in office throughout the year), Rhiannan McDermott (resigned 25 July 2025), and Katie Williams (appointed 25 July 2025). Going concern At the balance sheet date the company had net liabilities of £2,894 (1 September 2024 as restated under FRS 102 Section 1A: net assets of £133). The company's principal funding source is fee income from families, schools and local authorities for the services it delivers, supplemented by a bank overdraft facility with Lloyds Bank plc. In forming their view that the going concern basis remains appropriate, the directors have considered the following factors: The company has continued to receive fee income from families and schools after the balance sheet date. The Lloyds Bank plc overdraft facility has remained available throughout the year and to the date of approval of these accounts. The company has reached an arrangement with the operator of its principal farm venue, Tablehurst Farm, under which it will continue to pay rent at the current monthly rate as it falls due. The accrued rental arrears of £1,300 at the balance sheet date are not being called in. Under a separate verbal agreement, the company has undertaken to reconcile and repay the accrued arrears in due course as its financial position improves. Costs payable to a director engaged on a self-employed contractor basis have reduced significantly following her resignation on 25 July 2025, reducing the company's monthly cost base. The company opened a second bank account with Unity Trust Bank plc on 2 September 2025 to give it operational flexibility. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. The directors acknowledge that the company is in a net liability position and that the appropriateness of the going concern basis depends on the continued availability of the bank overdraft facility, the continued forbearance of Tablehurst Farm in respect of the rental arrears, and the continued receipt of fee income at levels broadly consistent with the year under review. Change in basis of accounting These financial statements are the first to be prepared on the accruals basis. The financial statements for the year ended 31 August 2024 were prepared on a receipts and payments (cash) basis under the micro-entity provisions. The cumulative effect of the change in basis at 1 September 2024 has been recognised as a prior year adjustment to opening reserves. Further information is given in note 7 and note 10.



Directors

The director shown below has held office during the whole of the period from
1 September 2024 to 31 August 2025

Vaughan Williams

The director shown below has held office during the period of
1 September 2024 to 25 July 2025

MCDERMOTT, Rhiannan

The director shown below has held office during the period of
25 July 2025 to 31 August 2025

WILLIAMS, Katie

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 May 2026

And signed on behalf of the board by:
Name: Vaughan Williams
Status: Director

RAISING YOUNG FARMERS CIC

Profit And Loss Account

for the Period Ended 31 August 2025

2025 2024


£
£
Turnover: 63,087 74,803
Cost of sales: ( 60,183 ) ( 69,886 )
Gross profit(or loss): 2,904 4,917
Administrative expenses: ( 5,687 ) ( 3,588 )
Operating profit(or loss): (2,783) 1,329
Interest payable and similar charges: ( 244 ) ( 308 )
Profit(or loss) before tax: (3,027) 1,021
Profit(or loss) for the financial year: (3,027) 1,021

RAISING YOUNG FARMERS CIC

Balance sheet

As at 31 August 2025

Notes 2025 2024


£
£
Current assets
Debtors: 3 132
Cash at bank and in hand: 0
Total current assets: 132
Prepayments and accrued income: 133
Creditors: amounts falling due within one year: 4 ( 3,026 )
Net current assets (liabilities): (2,894) 133
Total assets less current liabilities: (2,894) 133
Total net assets (liabilities): (2,894) 133
Members' funds
Profit and loss account: (2,894) 133
Total members' funds: ( 2,894) 133

The notes form part of these financial statements

RAISING YOUNG FARMERS CIC

Balance sheet statements

For the year ending 31 August 2025 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 15 May 2026
and signed on behalf of the board by:

Name: Vaughan Williams
Status: Director

The notes form part of these financial statements

RAISING YOUNG FARMERS CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 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 represents amounts receivable for educational services provided to children, families, schools and local authorities, net of any discounts. Income is recognised in the period in which the service is delivered. Fees received in advance of the relevant service month are deferred and recognised when earned. The company is not registered for value added tax.

    Other accounting policies

    Basis of preparation The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below and have been applied consistently in dealing with items considered material in relation to the financial statements. Direct costs Direct costs comprise payments to self-employed facilitators (including external facilitators and self-employed engagements with directors of the company), materials and other supplies consumed in the delivery of educational sessions, and venue hire. Direct costs are recognised in the period in which the related service income is recognised. Self-employed engagements Educational sessions are delivered by self-employed facilitators engaged on a per-session basis. Facilitator costs are recognised in the period in which the related sessions are delivered. The company has no employees and operates no payroll. Engagement is on the basis of agreed hourly rates and time engaged, with payment made on a per-session basis following delivery. Each facilitator engagement is documented by an engagement letter or equivalent agreement. Other operating costs Operating costs are recognised in the period in which they are incurred. Where invoices for services delivered during the period have not been received or paid at the balance sheet date, an accrual is recognised within trade creditors. Operating leases The company occupies space at a farm operated by an unrelated party under an informal arrangement at a monthly charge. Charges are recognised as an expense on a straight-line basis over the period of occupation. Amounts unpaid at the balance sheet date are recognised as a trade creditor. Insurance Insurance premiums are recognised as an expense over the period of cover. The prior year's annual premium of £1,028.48, paid on 30 July 2024, was recognised in full as an expense in the year ended 31 August 2024 under the cash basis then applied. On transition to the accruals basis at 1 September 2024 the unexpired portion was recognised as a prepayment of £943 (see note 10) and released to the profit and loss account during the current year over the remaining policy term. The company entered into a new monthly insurance arrangement after the balance sheet date (see note 11). Finance costs Finance costs comprise interest charged on the bank overdraft. Costs are recognised in the period in which they are incurred. Taxation Current tax represents the amount of tax payable in respect of the taxable profit or loss for the year. The company has incurred a loss in the current year and accordingly no current tax charge arises. Trading losses are carried forward and may be available to offset future trading profits. Trade debtors and creditors Trade debtors and creditors are recognised initially at the transaction price and subsequently at amortised cost, less any impairment. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction amount. Cash and bank overdrafts Cash at bank and in hand comprises balances held at instant access with the company's bankers. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management are presented within creditors falling due within one year. Critical accounting judgements and key sources of estimation uncertainty In applying the accounting policies the directors have made the following judgements and estimates with a significant effect on the amounts recognised: Trade debtors at the balance sheet date have been estimated at £132, representing fees for services delivered in August 2025 not received by the year end, based on the directors' knowledge of fees due from a local authority customer. The prior year adjustment of £(3,086) (note 10) represents the cumulative net effect at 1 September 2024 of items that would have been recognised under the accruals basis but were not under the cash basis previously applied. Payments to HM Revenue & Customs of £1,593 in the year (2024: £736 as previously reported) are charged to administrative expenses. These were made under a long-standing direct debit arrangement predating the current year, the basis of which the directors are reviewing.

RAISING YOUNG FARMERS CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

RAISING YOUNG FARMERS CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

3. Debtors

2025 2024
£ £
Trade debtors 132
Total 132

RAISING YOUNG FARMERS CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

4. Creditors: amounts falling due within one year note

2025
£
Bank loans and overdrafts 1,726
Trade creditors 1,300
Total 3,026

RAISING YOUNG FARMERS CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

5. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Amount owed by the director arising from overpayments made in the prior year. No further advances were made during the year and the balance was repaid in full on 17 December 2024.
£
Balance at 31 August 2024 1,631
Advances or credits made:
Advances or credits repaid: 1,631
Balance at 31 August 2025 0

COMMUNITY INTEREST ANNUAL REPORT

RAISING YOUNG FARMERS CIC

Company Number: 13545562 (England and Wales)

Year Ending: 31 August 2025

Company activities and impact

Raising Young Farmers CIC provides education to children and young people on regenerative farming practices. Children learn about where food comes from, how it is produced, and associated activities such as crafts, building and construction projects and engineering tasks. During the financial year ended 31 August 2025 the company's activities benefited the community in the following ways: - Delivered educational sessions to children from approximately 100 paying families over the year, with approximately 30 families attending on a regular weekly basis throughout the school year, and others attending on a shorter-term, holiday club or school visit basis. - Engaged 10 self-employed external facilitators during the year, in addition to one further facilitator who was also a director, to deliver sessions on a per-session basis. - Operated sessions across approximately 46 weeks of the year, including holiday clubs. - Provided education services for a local SEND school every Wednesday during the school year. - Ran holiday clubs, Saturday clubs and school visits to support families with access to the work the company does. All activities were run at cost.

Consultation with stakeholders

The company's stakeholders are the families it supports, the self-employed individuals who deliver its services, the schools it supports, and the farm from which it operates. The company conducts monthly meetings with the farm operator to report on its activities and to ensure integrated and smooth working practices. Families have direct access to the company's Head of Learning to provide feedback. The company also seeks feedback from families who complete trial days, and from families who decide to pursue other activities. An annual feedback survey is conducted in August using Google Forms. Schools are asked to provide feedback on the experience they have had, and this feedback is incorporated into future sessions. Self-employed facilitators delivering services to children hold quarterly meetings, part of which is a "Start, Stop, Continue" exercise to review what the company does and how it does it.

Directors' remuneration

No remuneration was received by the directors in their capacity as directors during the year. During the year, amounts totalling £11,330 were paid to one director, Rhiannan McDermott (a director until her resignation on 25 July 2025), in respect of self-employed facilitation services delivered to the company. These payments were made on the same contractual basis, and at the same hourly rate of £14.08, as the company's unrelated external facilitators, comprising £4,320 for an Operations Manager stream and £7,010 for a Lead Facilitator stream. She was separately reimbursed £748 for materials and supplies purchased on the company's behalf, which is reimbursement of company costs rather than remuneration. Full details are given in note 8 to the financial statements.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
15 May 2026

And signed on behalf of the board by:
Name: Vaughan Williams
Status: Director