REGisfERED COMPANY NUMBER: 02577067 (England and Wales) REGIsfERED CHARITY NUMBER: 1008028 REPORT OF THE TRusfEES AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 202S FOR DEEN crry FARM LIMfTED (A COMPANY LIMtrED BY GUARArirEE) Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 st George'5 Road Wimbledon London SW19 4EU
DEEN CITY FARM LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees I to 6 Independent Examlner's Report Statsment of Financlal Actlvltles statement of Flnanclal Position Statement of Cash Flows io Notu to the Ststement of Cash Flows li Notss to the Financlal Statements 12 to 21
DEEN crry FARM LIMITED (REGISTERED NUMBER: 02577067) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees wha are also directors of the charlty for the purposes of the Companies Art 2006, present their report with the ffinancial statements of the charty for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and ReFyJrting by Charities: Ststement of Recommended practi applicable to Cha'eS preparing their accounts in accordance with the Finan(ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfIvES AND ACTIVITIES Alm5 The charity's ob]'ective5, as set out in the governing document are.. To advan education and provide facilities for leisure and rreatIOn to Improve quality of Ilfe for local people, particularly young people. The promotlDn and advancement of agriculture, h0rbculre, and home crafs through education of local people, To educate local people in the care aTr# consideration for all animals by exhibiting and carlng for the livestock and domestic animals. The education and tralning of local people In the neej to prepa them to earn their own livelihood. To lIeVe local people wlth a Ph[cal and mentsl disability by wovidlng facilities for them to ride horses and pcnies. It is our aim to offer a small Sli of countrysSde for everyone In our urban communlty to enjoy, we are a unique resource for Merton and neighbouring boroughs. with a core mission to improve quality of life in our local community, focusing on yryjng ople and those from disadvantsged backgrounds. We a based in one of the 30% most deprived areas in England, with neighbouring communities to the south, west, and north-west also falling within the most deprived 20_300/0. The surrounding area ranks among the wor&t 10-300h nationally for "living envIrrnent deprivati(m due to its densely populated nature and sits adJent to areas with high levels of deprivation affecting both children and older adults. Objectives and activitieg The Farm is free to enter ond offers a range of facil.leS at no cosi to visitots, including a playground, farmyard, garden, toilets, and a cafe. While many visitors come from Merton, we also welcome FEople from further afield. Some activities carry a small fee, kept low to ensure acce55ibility for all. The organisation's ob]'ecbves are realised through a range of servlces: the operatlon of an active educaonal programme, with programme of tours and workshops held at the Farm and outreach projects delivered in the community. volunteering and work experien programmes that encourage young pEople to become involved in animal care and horticulture,. the operation of riding school that offers lessons to novlce and experienced riders of all ages and abilities at a reduced cost. The Farm also offers programme of community events throughout the year, wn by the SeNices department. In planning these activities, the members of the Board of Trustees have given due conslderation to the Charty Commission published guidan on the Public Beneff( requirement under the Charities Art 2011. The Board considers that the charitvs acts'vities contribute to the public benefit In several areas.. The advancefflent of educAtion. The advancement of citizenship and communty devetopment The advancement of hentage and science. The relief of those in need. by reason of youth, age, ill-health, dlsability, finanaal hardship or other disadvantages, and The advancement Df anirnal welfare.
DEEN crry FARM LIMITED (REGISTERED NUMBER: 02577067) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 OBJEcfivES ANO AcnvrrIES Achievements and performance The charity's c&J"ertives continue to be fulfilled through our activfcies, desaitsed below: This repjrting year presented significant operational challenges due to a major infrastructure failure that left us without full power fn)m January to July 2024. As a resuSt, we were unable to QFerate our Macera system, which necessitsted strict limtstions on water usage onsite and required manual wastewater management. DesF4te these difficultie5, our staff and volunteers demonstrated exceptional dedication and adaptsbility. Wrf(h only a one-week dosure, the team quickly implemented innovative solutions to continue delivering our services. These included the installation of portable toilets, adjustments to our café service to provide a takeaway-only offering, and the adoption of water-saving measures-all to ensure that our visitors se1 users exFErienced minimal disruption. The cost of repairing the infrastrutture fault, aloThJ wh the expenses associated with maintsining a reduced but continuous level of seNice, amounted to over £80,000-placing considerzble pressure on our financial reserves. However, we were deeply heartened by the extraordinary generosity of our community. A crowd-funding campaign launched in response raised over É50,000 within just 24 hours, reflecting the strong suppct and value Flaced on our work. Fam, Café and Shop Despite the considerable challenges faced this year, we remained open and continued to serve as a vital resour within the borough. The farm offed residents the unique opportunity to experien rural life In an urban settingi providing close contstt with a wide range of animals, including all the main livestock spÈries found on British farms. Cfver the course of the financial year, we welcomed more than 140,000 visitors, an Increase on the previous year, demonstrating the continued relevance and need of our services. We were honoured to be recognised as runners-up in the Merton Best Business Award5 in the Charity of the Year category. While the infrastrurture challenges posed significant operational hurdles, they also provided an opportunity to futurproof the farm. Notable improvements included the instsllation of new fencing along a major stretch of the site's outer boundary to enhance security, the addlon of new electrical access points, and work to ensure that the electricity supply is more resilient and accessible in fvture. Key projects undertaken by staff and trust&s during this peric Included..: The complete replacement of the three-phase electrical supply to the sSte' The development and launch of a new suite of educational workthops for 5choo15 and community groups, aligned with the national curriculum and highlightlng the fam's historKal and environrnental significance, Ongung review and updating of internal policles and procedures to ensure test practi, The transformation of an outdoor space through the addition of a summer house, funded by the uth Wimbledon BuneSS Association. This versatile new Structure now serve5 as a classroom and a space for events arid workshops. Educatson The Fami continues to serve as a unique and valuable educational resource for wsitors of all ages. Our interpretive signage and infomiation displays are regularly Uated and expanded to engage a broad audience and enhance the learning experien acr055 the ste. In addition to this self-diretted learningi we deliver a diverse prrarnme of structured 8Jucational actiMtie5 tailored to specific groups. Nursery groups and schoolchildren frequentty visit the farm to parbcipate in guided tours or explore independenuyi often in combination with hands-on workshop5. During the year under wew, we welcomed over 3,000 children from schools across Merton and neighbouring boroughs. Our Livestock department and Riding School continue to play a key role in vocational training, providing meaningful wor exrienCe OPPDrtunities for more than 160 students enrolled in animal care and equestrian studies. These short-term placements, wnning thrDughout the year. ifftred practical. skn'lls-based leaming in a real-world environment. We also continued to support young people facing challenges in mainstream education. Through Dur ongoing invofvement in the Changing Lives Through Horses programme and partnerships that promde disccwnted room hire, we were able to offer altemative pathways to engagement and development for those who need it most.
DEEN CITY FARM LIMITED (REGISTERED NUMBER: 02577067) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACVrnEs Volunteering The range of volunteerfng opportunities is one of the Farm's most impc*tsnt contributions to the community. The popular Junior Volunteering weekend scheme brings together young people (age5 12-17) from a range of backgrounds and promotes healthy, educational, social, outdoor activity. Over 130 young Feople have attended over the year. Weekday volunteering is well-attended, with adult volunteers working across all areas of the Farm. 40 volunteers attended most weeks. Ilding Schc4Jl The Riding SctK)ol taught 3640 lessons with 549 individual riders across the review period. Riders of all ablIleS can leam, return and develop in a safe and friendly equestrian environment. Evening and weekend classes run in all weathers. In addition to this the Riding School also runs pony rides for 2-7 year olds as well a5 Stables management and grooming workshops. Health & Wellbeing During the reporting period we continued to run health and wellbeing sessions with the Community Drugs and Alcohol Recovery Se (CDARS) this is the second year of a three-year programme funded by National Lottery. These sessions provide partiopants with meaningful, therapeutic engagement in a calm and supwrtive environment. In addition, we expafided our wellbeing offer by co11atrrating wth local partners to host innovative attivitles such as goat yoga workshops and pilot art therapy sessions. TtrEse initiatives aim to support mentsl health, promote relaxation, and foster community connection through creative and animal-assisted experiences. Our community garden continues to flourish as welcomingi green space for refiection, learning, and social interactlon. FINANCIAL REVIEW Going concem The Trustees consider that the charity has sufficient resour5 to continue in operational existence for the foreseeable future. They therefore C(tinUe to adopt the going conwn basis while preparing the financial statements, Financial Risk Management obiertives and policie5 The nature of the charity'5 attivities do not give rise to meaningful foreign exchange, interest rate, credit or liquidty risks. Income is generally colletted ahead of attivities being delivered, or is received from donations and grants. Internal financial procedures are reviewed regularly and payments require dual authority from managers, and the Fami's funds are held in accounts wlth a major hlgh street bank. Prfndpal fundlng sources Fundlng comes from a combination of earned income generated on the Farm and grants, donations and occasional legacle& The most significant ongoing grant continues to come from the London Borough of Merton, however in March 2022, the trustees agreed with the Council tr) a phased reduction in the grant reiVed by 10010 per annum for five consecutlve years from the flnandal year 2023124 onwards, We remain deeply grateful to all our funders, whose 5UPPOrt enables us to deliver many of our core services. Notsbly this year, we ured a new sponsorship from Winn & Coales (Denso) Limited through their charitable foundation, the F.B. Coales No. 4 (Family) Trust. This generous commitment of £136,186, to be distmjrsed over three years, will support the Ongng development of our youth volunteering and Schools programme. Review of the period Details of the income and expenéiture in the year and the fund balances at the year end a set out in the slatement of financial activities. Reserves policy The charity has long held the poliLy that reserves should be built up to cover core expenses in the event that income is affected by adverse Circumstan5. As part of this policy, the charity aims to maintain reserv$ equivalent to at least three mthS of OFerab"onal costs, to ensure financial stability and conb'nuity of services during unforeseen disruptions. Athieving this tsrget MaInS a challenge, and the Board and staff remain fully committed to building and maintaining an appropriate level of reseNe5 in line with this obJeLtNe. Golng concern The Tnjstees consider that the charity ha5 sufficient resour to continue in operational existence for the foreseeable fvture. They therefore conb'nue to adopt the going concem basis while preparing the financial statements.
DEEN CITY FARM LIMITED (REGISTERED NUMBER: 02577067) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 PLANS FOR FUTURE PERIODS Plans for the upcc¥ning financial year include.. Oeveloping our fundraising actimties including obtsining income from grants and sponsorships. Continuing to build on our educational and health and wellLEing tKogrammes, including becoming a dementia friendly site and increasing activities in our communty garden. Rej'uvenating the picnic area and surrounding facilities to create a more welcoming and accessible space, made px)ssible with funding from the Merton Council Qvic Pride.. Investing in Neighbourhoods Fund, Euroclear and Merton Community Panel. STrUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is constituted as a company Ilmited by guarantee and was incorporated on 28 January 1991. The company was established under a Memorandum of Association which establtshed the objects and Powers of the charitable company and is governed under its Articles of Association. In the event of the company being Wnd up, members are r4uired to contribute an amount not exceeding £1. Recruitment and appointment of new trustees The directors of the charitable company ('the charity,) are its trustees for the purpose of charity law and throug1t this repjrt are collectively referred to as the Board. Trustees are elected to the Board by memters of the charity. The chairman of the trustees is elected by the Board of Trustees. Oryanis*ional structure The charitable company is governed by Its Trustee Board whlch Is reswnsible for setting the strategic direttion of the organisation and the pjlicy of the charity. The Trustees carry the ultimate reqponsibility for the conduct of the charty and for ensuring that it satisfies its legal and contrathjal obligations. The Trustee Board rneets at least quarterly and there are additional meetings of appropriate members or groups as required. The day-to-day oFeratlon of the organisatSon has been delegated to the General Manager and senior management team In addition, there is an exrErienced team of paid stsff and a substantial team of volunteers who are key to provlding the services offered. by the charlty. Risk management The Trustees have assessed the major risks to which the charity is exposed, in porbcular those related to the operations and finan5 of the charity, and are satisfied that Wems and prcKeJures are in place to mltigate expDsure to major risks. The sources of the Fam's income continue to broaden, and the proportion of eamed income has risen. Management are working to continue to rju the charity's dependen on the funding it receives from the London Borough of Merton.
DEEN crry FARM UMITED (REGISTERED NUMBER: 02577067) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02577067 (England and Wales) Registered Charity number 1008028 Registered office 39 Windsor Avenue Merton Abbey London SW19 2RR Trustees M N Linden - Chair E Flanagan - Treasurer J Crush (resigned $18125) R Dollimo J Grainger H R L Nelless KT Tumer J Gaudoin (appointed 916125) M Ruzzene (appointed 916125) D R J Laird (resigned 916125) L J Liell (resigned 2517124) V H Challacombe (resigned 715124) G W S Cheung (resigned 715124) S J Conkling (resigned 715124) L Davis (resigned 715124) E Carder (appointed 1217125) CMipany Secretsry K T Tumer Independent Examlner Hartley FOer LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SWI9 4EU Bankers CAF Bank Limited 25 Kingshill Avenue rlgshill Kent E17 SAH TRUSTEES. RESPONSIBILrrY STATEMENT The trustees (who are a150 the directors of Deen Cty Fami Limited for the purpws of company law) are respx)nsible for preparing the ReFQrt of the Trust$ and the financial statements In accordance with applicable law and United Kingdom Accwnting Standards (United Kingdorn Generally Accepted Accountt"ng Practi) induding Finanoal Reporting Standard 102 'The Finanaal Reporting standard applicable in the UK and Republic of Ireland"
DEEN CITY FARM LIMITED (REGZSTERED NUMBER: 02577067) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 TRusfEES' RESPONSIBILrrY STATEMENT - continued Company law requires the trustees to prepare financial Statents for each finanoal year which give a true and fair view of the state of affairs of the charitsble company and of the incoming SOUr and application of resources, including the income and expenditure, of the charitsble company for that period. In preparing those financial ststements, the trustees are required to select sultsble accounting policies and then apply them con%stendyi observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concem basis unless it is inaFvropriate to pSurne that the charitable company will conb-nue in busine55. The trustees are responsible for keeping proper accounling records whith disclose with reasonable accuracy at any tlme the financial wsition of the charitable company and to enable them to ensure that the financial 5tstements compty with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen for taking reag)nable steps for the preventTon and detertion of fraud and other irgUIar1tle5. Approved by order of the board of trustees on 30 September 2025 and sSgned on Its behalf by: M N Liren - Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DEEN CITY FARM LIMITED Independent examiner's report to the trustees of Deen City Farni Limited ('the Companv.) I report to the charity truste&q on my examination of acCCnts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also ts directors for the purposes of company law) you are respoThslble the preparation of the accounts in accordance with the requirements of the Q)mpanies Act 2006 (the 2006 Ad). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in resrect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2DII C'the 2011 Art,). In carrying out my examination I have followed the Direction5 given by the Charty Commission under Seth'on 145(5) (b) of the 2011 Att. Independent examiner's statement Since your charity's gross income exCded £250,0 your examiner must be a member of a listed body. I can confimi that I am qualified to undertake the examination because l am a rnernr of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies, I have completed my examination, I confirm that no matters have come to my attenb'on in connection with the examination giving me cause to believe,. accounts'ng records were not kept in resp*tt of the Compary as required by Seth'on 386 of the 20Q6 Act; or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requlrement that the accounts glve a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordan with the methods and principles of the Statement of Recommend&J Pract$ for accDunting and reporting by charities (applicable to charities preparing their accounts in cOrdan wyth the Finanaal Reporknng Standard applicable in the UK and Republic of Ireland (FRS 102)). have no concems and have come across no other matters in connection wSth the examlnatlon to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jonatha Askew The InltUte of Charte Accountants In England and Wales Hartley Fowler LLP Chartered Accountants 4th Floor Tuits'on House 27-37 St George's Road Wimbledon London SW19 4EU Date..
DEEN CITY FARM UMITED STATEMENT OF FINANCIAL AcrIvrrIES (INCORPORATING AN INCOME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funés 2024 Totsl funds Unrestiicted fuThJ Restritted funds Notss INCOME AND ENDOWMENTS FROM Grants and donations 364,419 39,764 404,183 250,859 Cfftaritsble activities Riding school Visitor seIS Livestock and animals General 166,946 144,039 97,903 3,036 166,946 144,039 9?,903 3,036 166,039 140,414 70,439 6,740 Investment Inccme 923 923 1,266 Totsl 777,266 39,764 817,030 635,757 EXPENDrnIRE ON Charltable activltles Riding school Visitor wvlces Llvestock and animals General 206,083 173,825 119,043 261,317 8.510 16,353 8,510 3,722 214,593 190,178 127,553 265,039 168,400 12B,059 130,004 214.402 Total 760,268 37,095 797,363 640,865 NET INCOMEI(EXPENDrnIRE) Transfers between funds 16,998 (150) 2,669 150 19,667 (5,108) 21 Net movement in fundj 16,848 2,819 19,667 (5,108) RECONCILIATION OF FUNDS Total funds tKought forward 111,388 111,388 116,496 T¢yfAL FUNDS CARRIED FORWARD 128,236 2,819 131,055 111,388 CONTINUING OPERATIONS All income and expditUre has arisen from continulng activitres. The notes form part of these financial ststements
DEEN CITY FARM LIMITED (REGIsfERED NUMBER: 02577067) STATEMENT OF FINANCIAL posrrIoN 31 MARCH 2025 2025 2024 Notes FIXED ASSETS Tangible assets 13 24.105 34,460 CURRENT ASSErs stocks Debtors Gish at bank 14 15 6,655 16,512 108,916 10,357 148,673 166,974 132,083 CREDITORS Amounts falling due within one year 16 (57,370) (42,062) NEf CURRENT ASSETS 109,604 90,021 TOTAL ASSETS LESS CURRENT UABIUTIES 133,709 124,481 CREDITORS Amounts falling due after rn0 than one year 17 (2,654) (13,093) NEf ASSETS 131,055 111,386 FUNDS Unrestricted funds Restricted funds 21 128,236 2,819 111,388 TOTAL FUNDS 131,055 111,388 The charltable company 15 entitl& to exemption from audlt under Section 477 of the Companles Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its flnandal staternents for the year ended 31 March 2025 in accordance with Sectlon 476 of the Q)mpanies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial sL*ements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or defKit for eath financial year in accordance with the requlrements of Sections 394 and 395 and which otherwise compty wf(h the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) These financial statements have been ppared in accordance with the provisions applicable to charitsble companies subject to the Small c1panIeS regime. The financial statements were approved by the Board of Trustees and authorised for issue on 30 Septsmber 2025 and were signed on its behalf by.. M N Linden - Trustee The note5 form part c¢ these financlal statrments
DEEN CITY FARM LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2D25 2024 Notes Cash flows from operating activities Cash generated from OFerations 57,175 5,659 Net cash prowded by opering activities 57,175 5,659 Cash flows from investing actlvlties Purchase of tangible fixed assets Interest received (8,160) 923 (1,760) 1,266 Net cash used In Investing aLtivities (7,237) (494) Cash flow5 from flnancing actlvltles Loan repayments in year (10,181) (9,931) Net cash used in financing activities (10,181) (9,931) Change in $h and cash equivalents In the reporting perlod Cash and cash equivalents at the beglnning of the reporting period 39,757 (4,766) 108.916 113,682 Cash and cash equivalents at the end of the reportlng period 148,673 108,916 The notes form part c these financial strtements -io-
DEEN CITY FARM UMrrED NOTES TO THE sfATEMENf OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 RECONCIUATION OF NET INCOMEI(EXPENDmiRE) TO NEf CASH FLOW FROM OPERATING AcTInE5 2025 2024 Net Incomel(expendlture) for the reporting period (as per the SLitement of Financial Activltles) Adjustments for: Depreliats'on charges Interest received Increase in stocks Decreasel(increase) in detknrs Irrease in creditors 19,667 (5,108) 18,515 (923) (1,289) 6,155 15,050 17,805 (1,266) (604) (10,194) 5,026 Net ash provlded by operations 57,175 5,659 ANALYSIS OF CHANGES IN NET FUNDS At 114124 Cash flow At 3113125 Net cash Cash at bank and in hand 108,916 39,757 148,673 108,916 39,757 148,673 Debts falling due wlthln l year Debts falling due ats i year (10,183) (13,093) (258) 10,439 (10,441) (2,654) (23,276) 10,181 (13,095) Totsl 85,640 49,938 135,578 The note5 f(m) part of these fInala1 ststements -li-
DEEN crry FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparlng the financial statements The financial statements of the charitable company, 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 accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Repjrting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. financial ststements have been PrePad under the historical cost convention. o) Preparation of the accounts on a going concem basis After making appropriate enquiries, the trustees have a reasonable expettation that the charity ha5 adequate resource5 to continue in operational existence for the foreseeable future. For this rean they continue to adopt the going concern basis in preparing the financial statements. IroMe All income is rLrogni5ed in the Ststement of Financlal Actiirities On the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured lIablY. For legacies, entitlement Is taken as the earller of the date on which elther.. the charty Is aware that probate has b*n granted, the estate has been finalised and notificatlon has been made by the executor{s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Reipt of a legacyi in whole or in part, ts only considered probable when the amount can be measured rdiably and the charity has been notified of the executoVs intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the crfteria for Income recognition have not been met, then the legacy Is treated as a contingent aet and disclosed if material. Gifts in kind donated for distribution are induded at valuats'on and recognised as income when they are distributed to the pro]. Gifts donated for resale are inclucled as income when they are sold. Donated facilities are included at the value to the charity where this can quantified and a third paty is bearing the cost. No amounts are included in the financial Statements for services donated by volunteer5. Donated services or facilitie5 are recognised when the charity has control over the itsm, any conditions aSdated wlth the donated itsm have been met, the recelpt of economic benefit from the use of the charity of the Item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FPS 102), the general volunteer time of the Friends is not recognised and refer to the trustees, report for more information about thelr contributw)n. On receipt, donated professlonal services and donated tscilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have Leen willing tr) pay to obtain services or facilities of equivalent economic benefit on the open market; a correswnding amount is then recognised in expenditure in the period of receipt. Income tsx recoverable in relation to donation5 received under Gift Aid or deeds of covenant is rQgnised at the time of the donation. Other income is recogni5ed in the period in which receivable and to the extent the goods have been provided or on completion of the service. Expendire Liabilities are r&rognised as expenditure as swn as there is a legal or constructive obligation committing the charity to that expenditu, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligab.on can be measured reliably. Expenditure is accounted for on an accruals basi5 and has been classified under headings that aggregate all c05t related to the category. Where costs cannot directly attributed to pacUlar headings they have ten allocated to attivities on a basis consistent with the use of resources. Tangible fixed assets Depreciats'on is provided at the following annual rates in order to wre off each asset over its estirnated useful life. 15D/o on reducing balance IOD/o to 25% on cost 15¥0 on reducing balance Improvements to property Plant and machinery Fixtures and fittings -12-
DEEN CITY FARM LIMITED NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES- continued Tangible fixed assets All assets costing more than £1,500 are capitalised. stocks stocks are valued at the lower of cost and net realisable value, after making due allowan for obsolete and slow moving items. Cost includes all dirett costs and an appropnate proportion of fixed and variable overheads. Taxatlon The charity is exempt from corporatlon tax on its charitsble activities. Fund accounting General funds are unrestrlcted funds which are available for use at the dIsCtion of the trustees In furtheran of the general objectives of the charity and which have rK)t bn designated for other purposes. Restrftted furKJs a fuTrJs which a to be us&J In accordance with specific restrictions ImpJ5ed by donors or which have been raised by the charity particular purpo. The costs of raising and adminstering such fund5 are charged against the specific fund. The alm and use of &ich restricted fund is set out in the notes to the finanoal statements. Pension costs and other post-retirement benellts The charitable company operates a defined contribution pension scheme. Contributions payable to the charitsble company's pension scheme are charged to the Statement of Financial Activitie5 in the perh to which they relate. Basic finandal Instruments The charty only has financjal assets and financial liabilities of a kind that qualify as bdsic financial Instruments. Basic financial instruments are initially recognlsed at transaction value and subsequentty measured at their 5ethement value with the exception of bank loans which are subsequently measur&J at amortised cost using the effeive interest method. Debtors Trade and 0r debtors are recognised at the settlement amount after any trade dlscount offered. Prepayment are valued at the amount repaid net of any trade discounts due. Cash at bank and in hand Cash at bank and in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Credltors and provisioni Creditors and provisions are recognised where the charlty has a present obligation resultlng from a past event that will probabty result in the transfer of funds to a third party and the amount due to settle the obllgatknn can be measured or estimated reliably. CredItS and provisiors are nomially Cognised at their settlement amount after allowing for any trade discounts due. GRArirs AND DONATIONS 2025 2024 Donations Legacies Grants 282,120 155,339 2,0 93,520 122,063 404,183 250,859 -13-
DEEN crry FARM UMrrED NOTES TO THE FINANCIAL STATEMEKfs - continued FOR THE YEAR ENDED 31 MARCH 2025 GRANTS AND DONATIONS - continued Grants receivoj, induded in the atove, are as follows: 2025 2024 LB Merton - Core funding Southern Co-cp Green Fund November 2024 other grants lack Petchey Fund Communty Drugs & Alcohol Services merr5 Company Coales No. 4 (Family) Trust Merton Community Panel 67,920 1,000 76,372 17,148 1,800 8,650 5,000 22,693 15,000 122,063 93,520 INVEsfMENT INCOME 2025 2024 Deposlt account interest 923 1,266 INCOME FROM CHARrfABLE ACTivrrIES 2025 2024 Actiwty Riding school Riding sckTh)ol Riding school Visitor servi Visltor SeIceS Visitor seNices Visitor seNces Livestock and animals Livestock and anirnals Livestock and animols General Riding school Shop and cafe Education and craft Shop and cafe Educats'on and craft Events and fundraising Miscellaneous Educatson and craft Llve5toKk animals Events and fundraising MIlIaneOuS 149,051 3,304 14,591 39,969 9,793 90,807 3,470 13,177 58,480 26,246 3,036 166,039 41,470 3,561 95,342 41 10,658 59,781 6,740 411,924 383,632 CHARrrABLE AcrIvrrIES cosrs Direct Costs (see note 6) Supwrt costs (see note 7) Totals Riding schwl visitor services LivestLKk ar animals General 61,074 40,325 23,862 28,557 153,519 149,853 103,691 236,482 214,593 190,178 127,553 265.039 153,818 643,545 797,363 -14-
DEEN crry FARM LIMrrED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 DIREcf costs OF CHARrrABLE ACTivrriES 2025 2024 Training Purchases Education and craft Care of livestock Operation of stables Telephone and utilities Office supplies other 1,457 19,723 388 41,691 25,015 30,617 10,830 24,097 1,246 17,634 51,631 22,593 8,233 7,961 16,144 153,818 125,442 SUPPORT cosrs manageMt Rldlng school IAsltor serwces vestock and anlmals General 153,519 149,853 103,691 236,482 643,545 Suppjrt costs, Included in the above, are as follow5: Managent Riding schoJl sltor servlces and animals Wages Sooal securlty Pensions Insurance Advertising Operational costs Premises costs Bank charges and interest Loan interest Independent examinerfs fees Bookkeeping and accountancy Depreaation of tsngible and heritsge assets 131,027 6,908 2,059 8,808 136,987 7,631 2,294 95,769 971 22 907 353 2,990 467 305 134 1,013 1,106 1,813 153,519 149,853 103,691 -15-
DEEN CITY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT cosrs - continued Management- continued 2025 Totsl activities 2024 Total activities General Wages Social security Pensions Insuran Advertising Operational costs Premises costs Bank charges and interest Loan interest Independent examinerfs fees Bookkeeping and accountsncy Depreciation of tsngible and heritage assets 62,596 4,979 1,389 15,679 2,100 51,948 63,662 2,614 426,379 25,017 6,713 24,487 2,122 53,160 65,255 8,430 467 1,870 11,130 18,515 364,356 19,115 5,350 19,382 1,598 56,814 14.890 6,150 720 1,800 7,443 17,805 1,870 11,130 18,515 236,482 643,545 515,423 NEf INCOMEI(EXPENDrruRE) Net incomel(expenéiture) is stated after chargingl(crediting): 2025 2024 Depreciation - ¢)wned assets 18,515 17,803 TRusfEES' REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneffts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses patd for the year ended 31 Marth 2025 nor for the year ended 31 March 2024. 10. STAFF cosrs The key management personnel of the charity comprise the Operatlons Manager, the LSvestrKk Manager, the Rlding School Manager and the Visitor Experience maner as well as the trustees. The totrdl employee tnefts of key management personnel of the charlty (induding ernployers NI) were £168,093 (2024 - £140,354). The average Monthly number of employ during the year was as follows: 2025 15 2024 15 Stsff No employee5 received emoluments in excess of £60,000. -iEr
DEEN CITY FARM LIMfrED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ii. INDEPENDErir EXAMINER'S REMUNERATION 2025 2024 Independent examination exd VAT Accountsncy 1,870 2,130 1,81)0 2,050 4,000 3,850 12. COMPARATThES FOR THE STATEMEKf OF FINANCIAL ACllVITIES Unrestricted fund Restricted funds Totsl funds INCOME AND ENDOWMErifs FROM Grants ond donations 233,719 17,140 250,859 Charltable activities Riding 5cFK)oI sltor services Livestock and animaE5 General 166,039 140,414 70,439 6,740 166,039 140,414 70,439 6,740 Investment income 1,266 1,266 Totsl 618,617 17,140 635,757 expENDrruRE ON Charltable actlvltles Riding schjol V151tor semces Llvestock and animals General 163,314 125,654 118,233 214,402 5,086 2,405 11,771 168,400 128,059 130,004 214,402 Totsl 621,603 19,262 640,665 NEf INCOMEI(EXPENDrnIRE) (2,986) {2,122) (5,108) RECONCILIATION OF FUNDS Totsl funds brought forward 114,374 2,122 116,496 TOTAL FUNDS CARRIED FORWARD 111,388 111,388 -17-
DEEN crry FARM UMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 13. TANGIBLE FIXED ASSErs Improvements to propety Fixtures and fitting5 Plant and machinery Totsls cosr At l April 2024 Additions 14,284 4,612 61,873 69,055 3,548 145,212 8,160 At 31 Marth 2025 18,896 61,873 72,603 153,372 DEPRECIATION At l April 2024 Charge for year 12,065 910 41,092 15,468 57,595 2,137 110,752 18,515 At 31 March 2025 12,975 56,560 59,732 129,267 NEf BOOK VALUE At 31 March 2025 5,921 5,313 12,871 24,105 At 31 March 2024 2,219 20,781 11,460 34,460 14. srocKS 2025 2024 Animal gjpplies, shop and cafe 7,944 6,655 15. DEufoRS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Prepayments 4,D66 3,027 3,264 5,865 3,122 7,525 10,357 16,512 16. CREDrroRS: AMOUNTS FALLING DUE THIN ONE YEAR 2025 2024 Bank loans and overdrafrs (see note 18) Trade creditors S101 securfty and other tsxes VAT Other creditors Accrua15 and deferred income Accrued expenses 10,441 6,712 6.795 4,272 2,457 22.693 4,000 10,183 6,921 12,176 8,932 3,850 57,370 42,(2 -18-
DEEN crry FARM LIMITED NOTES TO THE FINANCIAL sfATEMEKfs - cantinued FOR THE YEAR ENDED 31 MARCH 2025 17. CREDrroRS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2025 2024 Bank loarts ( note 18) 13,093 LOANS An analp"s of the maturity of loans is given below: 2025 2024 Amounts falling due within one year on demand.. Bank loans 10,441 10,183 Amounts falling between one and iwo years: Bank loans - 1-2 years 2,654 10,441 Amounts falling due ten M and five years: 8ank loans - 2-5 years 2,652 19. LEASING AGREEMENTS The charty hdds a 20-year Fann Business Tenancy Agreement for land and bjildings at Bunce5 MeadDW, Morden Hall Park, with The National Trust for Haces of Historic Interest or Naturdl Beauty. The lease commenced on 20 OctoLEr 2022 and has an annual rent of £1. This lease arrangement provides a significant Cons1Onary benefft to the charity, which is cortsidered a material gift in kind. While the full value of this benefit has not reccgnised in the financial statements, the trustees have assessed the arrangement in accordance with the provisiors of FRS 102 and the Charities Statement of Recommended Practi (SORP). The annual rentsl charge of £1 has been included within expenditure f(K the year. 20. ANALYSIS OF NET ASSEfs BEfwEEN FUNDS 2025 Totsl funds 2024 Total fund5 Unrestrkted fijnd Restrided funds Flxed assets Current assets Current liabilities Long term liabllitles 24,105 141,462 (34,677) (2,654) 24,105 166,974 (57,370) (2,654) 34,460 132,083 (42,062) (13,093) 25,512 (22,693) 128,236 2,819 131,055 111,388 -19-
DEEN CITY FARM LIMITED NOTES TO THE FINANCIAL sfATEMEKfs - contlnued FOR THE YEAR ENDED 31 MARCH 2025 21. MOVEMEKf IN FUNDS Net movement in funds Transfers betsveen funds At 3113125 At 114124 Unrestricted funds General fund 111,388 16,998 (150) 128,236 Re5trirted funds Jack Petchey Fund Community ttrugs & cohol Servlces (CDARS) Croundfunder 1,198 (150) 1,621 1,198 150 1,621 2,669 150 2,819 TiyfAL FUNDS 111388 19,667 131,055 Net movement In funds, includej In the above are as follows: Incoming Re9)urces exnded Movement in funds Unrestricted fvnds Generol fund 777,266 (760,268) 16,998 Restricted furKIs Jack Petchey Fund Community Drugs & Alcohol Services (CDARS) Mercers Company Croundfunder Coales No. 4 (Family) Trust 1,800 8,650 5,000 1,621 22,693 {602) (8,8¢)0) (5,000) 1,198 (150) 1,621 (22,693) 39,764 (37,095) 2,669 TOTAL FUNDS 817,030 (797,363) 19,667 Comparatlves for mov¢m¢nt In funds Net movement In funds At 3113124 At 114123 Unrestricted funds General fund 114,374 (2,986) 111,388 Restricted funds Jack Petchey Fund Mayols Q)mmunity Fund 1,2 922 (1,21XI) {922) 2,122 (2,122) TiyfAL FUNDS 116,496 (5,108) 111,388 -20-
DEEN CITY FARM LIMrrED NOTES TO THE FINANCIAL sfATEMEKfs- continued FOR THE YEAR ENDED 31 MARCH 2025 21. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the atx)ve are as follows.. Incoming resour5 Movement in funds exFended Unrestricted funds General fund 618,617 (621,603) (2,986) Restrlcted funds Jack Petchey Fund Mayorfs Community Fund WimbledonlLondon Communlty Fund Together Fund.. Changing Lives Through Horses Communlty Drugs & Alcohol Servlces (CDARS) (1,200) (922) (9.687) (1,200) (922) 9,687 3,003 4,450 (3,003) (4.450) 17,140 (19,262) {2,122) TOTAL FUNDS 635,757 (640,865) {5,108) The restricted funds represent amounts that have been donated or grantsd to the farm on the Iklsis that they are used In a speciflc manner. The exception to thi5 is the general fund where costs have been funded by grant giwng ty)dies to meet the general Nnning overheads of the fami. These grants in particular a partiojlarly appreciated due to the fleX1.11ty they give us in managing the farm's ath'vitE£. 22. RELATED PARTY DISCLOSURES There were no lated paty transactions for the year ended 31 March 2025. ULTIMATE CONTROLLING PARTY The trustees are the immediate and ultimate controlling party. Each of the trustees sigr6 up as a "Friend of the Fam" and so makes a donation that varles ben £5 a month and £15 per annum. No other significant donations from tru*ees have been noted. COMPANY LIMrrED BY GUARANTEE The charity is a company limited by guarantee. The members of the company are the trustees named on page l. In the event of the charity ba'ng wound up, the liability in respett of the guarantee is limited to £1 per member of the charity. -21-