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← Linking Environment And Farming

2025-03-31-accounts

Registered number: 03035047 Charity number: 1045781

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Page
Chairman's Statement 1 - 2
Trustees' Report 3 - 9
Independent Auditors' Report on the Financial Statements 10 - 13
Consolidated Statement of Financial Activities 14
Consolidated Balance Sheet 15
Charity Balance Sheet 16 - 17
Consolidated Statement of Cash Flows 18
Notes to the Financial Statements 19 - 39

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

The Chairman Presents his statement for the year.

On behalf of the Board of Trustees, I am pleased to present the Annual Accounts for LEAF (Linking Environment And Farming) for the financial year 1st April 2024 to 31st March 2025

This year has been one of both resilience and growth for LEAF, as we continue to play a pivotal role in supporting farmers to transition to more sustainable farming practices and educating young people and the public about sustainable farming. Our efforts to advocate for sustainable farming have never been more critical, and as we look ahead, I am confident that LEAF continues to be very well-positioned to drive positive change for both the environment and the agricultural community.

Operational Highlights

Over the course of this financial year, LEAF has made significant strides in advancing our mission to promote integrated farming systems that benefit both the environment and farm businesses. Key highlights include:

Expansion of LEAF Marque Certification: We continue to see strong growth in the uptake of LEAF Marque as our retailer partners including Tesco, Waitrose, Aldi, Asda and Lidl continue to roll out certification across their global fresh produce supply chains. Our standard is now implemented in over 48 countries with LEAF Marque uptake growing very significantly.

Evolving the LEAF Marque Standard: During this financial year we conducted two public consultations on the LEAF Marque Standard and published a revised version with stronger clarity on requirements for a range of global farming contexts, including regenerative farm management practices, and reduced areas of duplication. In addition, we are investing heavily in the development of a new IT management platform for LEAF Marque, which will be launched later in 2025.

Escalating our Grower Support: As we extend our reach across the world, our priorities are firmly set on ensuring our services are relevant to a globally diverse audience. As part of this commitment, at the end of 2024, we launched a new online training course offering a self-paced, flexible learning environment covering the essentials of becoming LEAF Marque certified – available in five languages.

Engagement with Financial Services Sector: We were delighted to launch two pioneering new programmes with HSBC UK and Oxbury Bank – offering preferential loan arrangement fees for LEAF Marque growers. Our aspiration is that these partnerships act as a model for other financial service providers to work with accredited environmental assurance schemes like LEAF Marque, to build the commercial case for farmers to engage with Integrated Farm Management practices.

Increased Educational Outreach and Public Engagement: Our educational outreach continues to grow, with an expanding team working with more young people in primary and secondary education and providing CEVAS training to enable farmers to facilitate high quality educational visits. Our flagship event, Open Farm Sunday, now in its 19th year, has welcomed over 3.25 million visitors, fostering public trust and engagement. In June 2024 we welcomed over 180,000 visitors to 241 events across the UK.

Research and Innovation: Through the LEAF Network, we continue to engage with leading agricultural research centres, exploring new methods and technologies that enable farmers to improve efficiency, productivity, and environmental outcomes. We were delighted to welcome the Warwick Crop Centre, UK Centre for Ecology and Hydrology and Huntapac Produce Ltd to our Network.

Industry Partnerships: Our focus on demonstration and innovation has led to several new collaborative research projects with UK and global partners, aimed at tackling the most pressing challenges in sustainable agriculture today. Most notably, our continued involvement in a major on-farm trial and research project funded by the UK Government, to increase our understanding of the potential for legumes to serve as an alternate source of nitrogen within grassland farming systems.

We also continue to work with EU partners on a diverse range of projects exploring the potential of agroforestry systems, cover crops and novel legume varieties to deliver positive environmental outcomes. In addition we were also delighted to announce our project support for with Waitrose’s flagship Farming for Nature programme exploring how regenerative farm management practices can be applied across several different and diverse farming sectors.

Page 1

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial Performance

Despite the challenging economic environment, LEAF has maintained a solid financial position. We have successfully diversified our revenue streams and increased our funding from membership fees, grants, and partnerships. This stability has allowed us to reinvest in our core programs and continue to deliver high-impact initiatives.

Our financial results reflect both the strategic growth we have experienced and our commitment to ensuring that funds are used effectively to achieve our mission.

Looking Ahead

As we look forward to the coming year, LEAF remains dedicated to supporting the farming community through its transition to more sustainable practices. We will continue to advocate for policies that enable farmers to succeed while preserving our natural resources, as well as investing in programs that help farmers meet the everincreasing demands of a rapidly changing climate.

We also remain committed to expanding the reach and impact of LEAF Marque certification, as it is an essential tool in driving sustainability across the sector. The future of farming is one where environmental responsibility is not just a choice, but a requirement, and LEAF will continue to be at the forefront of that transition.

In conclusion, I would like to express my gratitude to our trustees, members, partners, and staff for their unwavering commitment and hard work. LEAF's continued success is a direct result of their dedication and passion for sustainable agriculture.

I am confident that, together, we can look forward to another year of progress as we work towards a more sustainable and resilient agricultural future.

P G Wynn Chair of Trustees

Date: 17/09/2025

Page 2

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

These are consolidated accounts representing the “Group” which comprises the financials for LEAF the “Charity” and LEAF Marque. Where “Charity” is mentioned the figures relate purely to the Charity. LEAF Marque also has separate audited accounts that are then incorporated in the “Group” figures. LEAF Marque accounts are also audited, reviewed, and subsequently approved separately by the LEAF Marque Board

KEY ACHIEVEMENTS AND PERFORMANCE: Financial Year Ending 31 March 2025

The charitable purpose of LEAF (Linking Environment and Farming) is to facilitate the understanding and adoption of more sustainable farming practices

We Connect

LEAF brings together farmers, researchers, and industry leaders to explore and apply best practice in sustainable farm management (Integrated Farm Management IFM) - tailored to the unique context of every farm. A central pillar of this work is our LEAF Network of Demonstration Farms and Innovation Centres, which drives forward cutting-edge science, technology, and innovation to scale up more sustainable global farming and food systems.

Our Innovation Centres — some of the UK’s leading agricultural research institutions generate the evidence that underpins sustainable farming practices. This research informs the development and continuous improvement of farming systems that work for both people and planet. Working in tandem, our network of over forty Demonstration Farms brings this science to life, trialling practices on the ground and sharing insights through onfarm events, training, and peer-to-peer learning — helping to advance the uptake of Integrated Farm Management (IFM) practices at pace and scale.

Key achievements this financial year include:

Page 3

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

We Build Trus t

We provide assurance that growers are farming more sustainably through our independently audited LEAF Marque certification; from the health of their soils to how they engage with local communities.

Key achievements include:

Retailer Engagement and Sector Leadership :

Page 4

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Farming for Nature: Partnership with Waitrose

Financing the Transition to Sustainable Farming

Global Support and Training Expansion

Evolving the LEAF Marque Standard

Page 5

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

We Educate

Key achievements include:

Governance

LEAF’s Board of Trustees is responsible for the overall Governance of the charity. 6 board meetings have been held, together with weekly meetings of the Executive Leadership Team made up of the LEAF CEO and three Directors.

Page 6

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

As the Charity expected to see further significant growth following the adoption of the LEAF Marque Assurance System by major retailers and brands, it took a decision based on the strength of its reserves to further invest in personnel, resources and IT systems to ensure it was positioned to deliver for that growth whilst accepting a budget that could result in a minor surplus of £1,100 in the 2024/25 financial year.

In the end, the Charity has experienced an increase in its income this year resulting in a positive net movement of funds of some £257,659 (revenue of £2,991,95 versus £2,583,149 in 2024) and although expenditure was relatively well controlled the resulting surplus is mostly as a result of the subsidiary exceeding expectations. The Charity’s trading subsidiary continues to grow and is increasingly a primary driver of income growth and experienced an accelerated surge of growth in the demand for LEAF Marque Certification in the year and a s a result significantly contributed to the final net surplus for the Charity in 2024/25.

The charity looks to use the budget as one of its main key performance indicators and any improvement in income or reduction in expenditure is looked upon favourably and presents opportunities to support its investment in its ambitious growth strategy. Whilst the net surplus is positive, the Trustees are also clear that continued and significant investment of reserves in IT and people in particular, will be required to ensure LEAF retains its prominence and position and continues to be seen as an industry leader.

LEAF Marque Limited made a profit of £Nil (2024: £Nil) during the year, after a significant gift aid donation to LEAF of £271,103 (2024: £104,206), giving rise to net assets of £5,083 (2024: £5,083).

Insurance

Insurance has been taken out by the charity under Section 232(2) of the Companies Act 2006, costing £1,629.60 (2024: £1,760) for its trustees and officers against liabilities in relation to the charity.

Reserves

The Trustees have set a reserves policy which requires reserves to be maintained at a level which ensures LEAF’s core activity could continue during a period of unforeseen difficulty (of not less than 3months) and reserves be maintained in a readily realisable form. The calculation of the required level of reserves is an integral part of the organisation’s planning, budget, and forecast cycle. It considers risks associated with each stream of income and expenditure being different from that budgeted, planned activity levels and the organisations commitments. The reserves levels are closely monitored as part of the management reporting and Trustee’s will adjust policy dynamically by resolution in line with the associated risks. The current reserves policy aims for minimum free reserves of £582,000.

Investment policy

Any surplus funds are placed on short term high interest deposit.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies (Note 2.2).

PLANS FOR FUTURE ACTIVITIES

Plans for Future Activities

As farming undergoes a period of significant transformation, LEAF is committed to playing a central role in supporting the agricultural transition towards more sustainable, climate-resilient, and regenerative food systems. Our plans for the year ahead reflect this ambition and build on over three decades of experience in connecting farmers, food businesses, educators, and the wider public.

Page 7

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

In 2025, LEAF will:

We are proud of the strong foundations that have brought LEAF to this point and recognise that real change happens through collaboration. As we look ahead, we remain focused on enabling transformation across the food system—through knowledge, partnerships, and action on the ground.

Page 8

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

FUNDRAISING

LEAF is pleased to report it continues its commitment to fundraising best practice and remains registered and compliant with the Code of Fundraising Practice and continues to display the regulator’s logo (demonstrating we operate in a way that is legal, open, honest and respectful). We are listed in the regulators public directory to LEAF has continued to be registered and compliant with the standards of the Fundraising Regulator. Fundraising is specifically limited to on line individual web-based donations and handwritten bids by experienced long established fundraisers. All written bids are scrutinised and approved by the Executive leader ship and Trustees. The Trustees attend and monitor a range of activities and receive regular feedback and reports on all activities and have sight of all funded activity reports. Neither the fundraisers or LEAF is bound by any voluntary schemes and is delighted to report it has once again received no complaints about its charitable activities nor its fundraising activities. . In terms of protection of vulnerable people and members of the public, LEAF restricts its fundraising to online web based personal donations and written targeted bids to organisations and not individuals. There is no face-to-face fundraising in either public or private spaces.

Approved by order of the members of the board of Trustees and signed on their behalf by:

P G Wynn Chair of Trustees

Date: 17/09/2025

Page 9

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LINKING ENVIRONMENT AND FARMING

OPINION

We have audited the financial statements of Linking Environment And Farming (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 10

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LINKING ENVIRONMENT AND FARMING (CONTINUED)

OTHER INFORMATION

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LINKING ENVIRONMENT AND FARMING (CONTINUED)

AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:

As a result of these procedures, we considered the opportunities and incentives that may exist within the company for fraud, which included incorrect recognition of revenue and management override of controls using manual journal entries, and these were identified as the greatest potential area for fraud.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that Linking Environment and Farming operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included FRS 102, the UK Companies Act and tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty. These included relevant product safety standards, occupational health and safety regulations and employment legislation.

Page 12

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LINKING ENVIRONMENT AND FARMING (CONTINUED)

Our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

USE OF OUR REPORT

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Wood FCCA (Senior Statutory Auditor)

for and on behalf of

Bishop Fleming Audit Limited Chartered Accountants Senior Statutory Auditors 1-3 College Yard Worcester WR1 2LB

Date: 21 November 2025

Page 13

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Total income
Expenditure on:
Raising funds
Charitable activities
8
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
151,394
2,579,238
501,582
296
3,232,510
1,787
2,928,721
2,930,508
302,002
1,177,654
302,002
1,479,656		 Restricted
funds
2025
£
-
17,100
-
-
17,100
9,000
52,443
61,443
(44,343)
184,279
(44,343)
139,936		 Total
funds
2025
£
151,394
2,596,338
501,582
296
3,249,610
10,787
2,981,164
2,991,951
257,659
1,361,933
257,659
1,619,592		 Total
funds
2024
£
163,308
2,325,891
270,749
6
2,759,954
166,543
2,416,606
2,583,149
176,805
1,185,128
176,805
1,361,933

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 19 to 39 form part of these financial statements.

Page 14

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:03035047

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025

2025 2025 2024
Note £ £
Fixed assets
Intangible assets 13 135,410 90,849
Tangible assets 14 39,922 56,089
Investments 15 321 321
175,653 147,259
Current assets
Debtors 16 942,225 1,058,466
Cash at bank and in hand 926,913 477,026
1,869,138 1,535,492
Creditors: amounts falling due within one
year 17 (425,199) (320,818)
Net current assets 1,443,939 1,214,674
Total net assets 1,619,592 1,361,933
Charity funds
Restricted funds 20 139,936 184,279
Unrestricted funds 20 1,479,656 1,177,654
Total funds 1,619,592 1,361,933

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

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

However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

P G Wynn

Chair of Trustees

Date: 17/09/2025

The notes on pages 19 to 39 form part of these financial statements.

Page 15

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:03035047

CHARITY STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 MARCH 2025

Note
Fixed assets
Intangible assets
13
Tangible assets
14
Investments
15
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within one
year
17
Net current assets
Total net assets
Charity funds
Restricted funds
20
Unrestricted funds
20
Total funds		 1,145,273
698,604
1,843,877
(405,021)		 2025
£
135,410
39,922
322
175,654
1,438,856
1,614,510
139,936
1,474,574
1,614,510		 1,109,078
409,488
1,518,566
(308,975)		 2024
£
90,849
56,089
322
147,260
1,209,591
1,356,851
184,279
1,172,572
1,356,851

Page 16

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:03035047

CHARITY STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025

The Charity's net movement in funds for the year was £257,658 (2024: £176,805).

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

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

However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

P G Wynn

Chair of Trustees

Date: 17/09/2025

The notes on pages 19 to 39 form part of these financial statements.

Page 17

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Investment income
Purchase of intangible assets
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Cash inflows from new borrowing
Interest element of hire purchase contracts
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
359,685
296
(61,971)
(3,313)
(64,988)
150,000
-
150,000
444,697
477,025
921,722		 2024
£
(102,004)
6
(73,758)
(17,461)
(91,213)
-
(536)
(536)
(193,753)
670,778
477,025

The notes on pages 19 to 39 form part of these financial statements

Page 18

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

Linking Environment and Farming is a charitable company limited by guarantee incorporated in England & Wales and domiciled in England.

The registered office is National Agricultural Centre, Stoneleigh Park, Kenilworth, Warwickshire, CV8 2LG. The charitable company's registered number is 03035047.

In the event of the charity being wound up, each member has undertaken to contribute towards its liabilities a sum of not exceeding ten pounds.

The charity is registered as a charity, no 1045781, with the Charity Commission and is exempted from Corporation Tax on its income in the year.

2. ACCOUNTING POLICIES

2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Linking Environment And Farming meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The presentation currency for the group and the charitable company during the year was Sterling, and are rounded to the nearest £.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Charity and its subsidiary undertaking, LEAF Marque Limited, for the year. The results of the subsidiary are consolidated on a line by line basis.

The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements.

2.2 GOING CONCERN

The Trustees have reviewed all information available to them and do not consider there to be any significant doubts about the charitable company's ability to continue as a going concern. These financial statements have therefore been prepared on this basis.

The Trustees have prepared budgets and cash flow forecasts to for a period of at least 12 months following the date of approval of the financial statements. The Group has a net asset value as at 31 March 2025 of £1,498,391 (2024: £1,361,933) and cash at bank and in hand of £921,722 (2024: £477,026). On this basis the financial statements have been prepared on a going concern basis.

2.3 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Page 19

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES (continued)

2.3 FUND ACCOUNTING (CONTINUED)

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2.4 INCOME

Voluntary income including donations and grants that provide core funding or are of a general nature are recognised when there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Income is only deferred when the donor specifies that the grant or donation can only be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.

Investment income is accounted for when receivable.

Commission/membership income is accounted for, in full, when received.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.5 EXPENDITURE

Expenditure is recognised on an accruals basis when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods or services are supplied.

Support costs include central functions.

Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

Page 20

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES (continued)

2.6 INTANGIBLE ASSETS AND AMORTISATION

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Intangible assets are amortised on a straight line basis over their estimated useful life. The carrying value of intangible assets is reviewed for impairment if events or changes in circumstances indicate the carrying value may not be recoverable.

The estimated useful lives are as follows:

Website development - 3 years

2.7 TANGIBLE FIXED ASSETS AND DEPRECIATION

Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged by equal annual instalments commencing with the date of acquisition at rates estimated to write off their cost less any residual value over their expected useful lives which are as follows:

Long-term leasehold property - Over the life of the lease improvements - Furniture and equipment 3 - 10 years

2.8 GOVERNMENT GRANTS

Government grants relating to tangible fixed assets are treated as deferred income and released to the Consolidated Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Consolidated Statement of Financial Activities as the related expenditure is incurred.

2.9 INVESTMENTS

Fixed asset investments are a form of financial instrument and are recognised at mid-market value at the balance sheet date.

2.10 RETIREMENT BENEFITS

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2.11 INTEREST RECEIVABLE

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Page 21

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES (continued)

2.12 OPERATING LEASES

Rentals paid under operating leases are charged to the Consolidated Statement of Financial Activities on a straight line basis over the lease term.

2.13 DEBTORS

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.14 CASH AT BANK AND IN HAND

Cash at bank and in hand includes cash and short-term 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.

2.15 LIABILITIES

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt after allowing for any trade discounts due or the amount it has received as advanced payments for the goods or services it must provide.

2.16 FINANCIAL INSTRUMENTS

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Financial assets and liabilities that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Financial Activities.

Financial assets and liabilities that are measured at fair value are determined using active market rate.

3. CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGMENT

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

Estimated useful lives of tangible fixed assets

In determining the estimated useful life the Charity considers the expected physical wear and tear of the asset that could lead to obsolesence of the asset. Each year the charity reviews the above to establish if there is any change in the expected useful life of tangible assets.

Page 22

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. INCOME FROM DONATIONS AND LEGACIES

Unrestricted
funds
2025
£
Donations
151,394
TOTAL 2024
163,308		 Total
funds
2025
£
151,394
163,308		 Total
funds
2024
£
163,308

5. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
funds
2025
£
Membership renewals
1,036,181
New memberships
457,253
Sponsorship
321,324
Project funding, grants, research and talks
711,545
Other income and DBS
52,935
TOTAL 2025
2,579,238
TOTAL 2024
2,293,274		 Restricted
funds
2025
£
-
-
17,100
-
-
17,100
32,617		 Total
funds
2025
£
1,036,181
457,253
338,424
711,545
52,935
2,596,338
2,325,891		 Total
funds
2024
£
623,977
319,499
287,104
1,040,312
54,999
2,325,891

Page 23

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6. INCOME FROM OTHER TRADING ACTIVITIES

Income from non charitable trading activities

Unrestricted
funds
2025
£
Income from LEAF Marque Limited
501,582
TOTAL 2024
270,749		 Total
funds
2025
£
501,582
270,749		 Total
funds
2024
£
270,749

The wholly owned trading subsidiary LEAF Marque Limited is incorporated in England and Wales (company number 04454468) and pays all of its profits to the Charity under the Gift Aid scheme. During the year ended 31 March 2025 LEAF Marque Limited reported income of £501,582 (2024: £270,749) and expenditure of £230,479 (2024: £166,543). Gift Aid of £271,103 (2024: £104,206) was paid to the Charity in respect of LEAF Marque Limited's profit for the year.

7. INVESTMENT INCOME

Unrestricted
funds
2025
£
Dividends received
17
Interest receivable
279
TOTAL 2025
296
TOTAL 2024
6		 Total
funds
2025
£
17
279
296
6		 Total
funds
2024
£
6
-
6

Page 24

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Summary by fund type

Unrestricted
funds
2025
£
Integrated Farm Management
2,928,721
TOTAL 2024
2,121,237		 Restricted
funds
2025
£
52,443
295,369		 Total
2025
£
2,981,164
2,416,606		 Total
2024
£
2,416,606

9. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Integrated Farm Management
TOTAL 2024		 Activities
undertaken
directly
2025
£
2,624,152
2,180,710		 Support
costs
2025
£
357,012
235,896		 Total
funds
2025
£
2,981,164
2,416,606		 Total
funds
2024
£
2,416,606

Page 25

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

ANALYSIS OF DIRECT COSTS

Staff costs
Staff welfare and recruitment
Premises
Travel and subsistence
Hospitality and meeting costs
Training
Printing, postage, stationery and telephone
PR & marketing
Professional and consultancy fees
Website costs
Subscriptions
Repairs and maintenance
Field team
General expenses
TOTAL 2025
TOTAL 2024		 Operational
activities
2025
£
1,799,042
25,418
44,189
63,456
55,126
28,555
80,486
91,783
232,030
101,601
14,745
13,132
70,050
4,539
2,624,152
2,180,710		 Total
funds
2025
£
1,799,042
25,418
44,189
63,456
55,126
28,555
80,486
91,783
232,030
101,601
14,745
13,132
70,050
4,539
2,624,152
2,180,710		 Total
funds
2024
£
1,521,779
15,805
40,801
77,749
33,071
7,748
55,552
64,542
174,338
84,864
16,880
10,407
74,535
2,639
2,180,710

Page 26

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

ANALYSIS OF SUPPORT COSTS

Depreciation and amortisation
Premises
Travel and subsistence
Hospitality and meeting costs
Audit and accountancy
Professional and consultancy fees
Subscriptions
Repairs and maintenance
General expenses
Bank charges
Hire purchase interest
Governance costs
TOTAL 2025
TOTAL 2024		 Operational
activities
2025
£
36,890
18,938
59,864
23,625
38,884
98,519
1,866
4,460
46,291
27,459
-
216
357,012
235,896		 Total
funds
2025
£
36,890
18,938
59,864
23,625
38,884
98,519
1,866
4,460
46,291
27,459
-
216
357,012
235,896		 Total
funds
2024
£
34,040
17,486
25,253
14,174
36,575
74,717
7,235
4,460
7,345
11,797
536
2,278
235,896

Relevant costs are split between direct and support in a ratio of 70:30 respectively.

10. AUDITORS' REMUNERATION

The auditors' remuneration for the Group amounts to an audit fee of £22,325 (2024: £14,750), and accounts preparation and tax compliance services of £1,015 (2024: £1,550).

11. STAFF COSTS

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2025
£
1,426,176
147,739
225,127
1,799,042		 Group
2024
£
1,190,884
127,877
203,018
1,521,779		 Charity
2025
£
1,314,792
147,739
225,127
1,687,658		 Charity
2024
£
1,190,884
127,877
203,018
1,521,779

Page 27

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

11. STAFF COSTS (CONTINUED)

The average number of persons employed by the Charity during the year was as follows:

Group Group
2025 2024
No. No.
Employees 39 40

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2025 2024
No. No.
In the band £70,001 - £80,000 1 3
In the band £80,001 - £90,000 2 -
In the band £110,001 - £120,000 - 1
In the band £120,001 - £130,000 1 -

The key management personnel of the group comprises the Trustees and the Senior Management Team. The total employee benefits of the key management personnel were £401,348 (2024: £543,432 but with no CEO salary or pension included).

12. TRUSTEES' REMUNERATION AND EXPENSES

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 March 2025, £4,613 (2024: £Nil) expenses were reimbursed and paid directly to 5 Trustees .

Page 28

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

13.
INTANGIBLE ASSETS
GROUP AND CHARITY
COST
At 1 April 2024
Additions
At 31 March 2025
AMORTISATION
At 1 April 2024
Charge for the year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Website
development
£
193,751
61,971
255,722
102,902
17,410
120,312
135,410
90,849

Page 29

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. TANGIBLE FIXED ASSETS

GROUP AND CHARITY

COST OR VALUATION
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for the year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Long-term
leasehold
property
improvements
£
57,142
-
57,142
26,065
4,125
30,190
26,952
31,077		 Furniture
and
equipment
£
195,103
3,313
198,416
170,091
15,355
185,446
12,970
25,012		 Total
£
252,245
3,313
255,558
196,156
19,480
215,636
39,922
56,089

Page 30

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. FIXED ASSET INVESTMENTS

CHARITY
COST OR VALUATION
At 1 April 2024
AT 31 MARCH 2025
NET BOOK VALUE
AT 31 MARCH 2025
AT 31 MARCH 2024		 Investments
£
322
322
322
322

Investments held by the Charity include a £1 (2024: £1) investment in the subsidiary company, LEAF Marque Limited. This represents the Trustees' estimate of the market value of this investment. The investment represents the entire share capital of LEAF Marque Limited, a company incorporated in England and Wales. The company was incorporated on 5 June 2002. The principal activity of LEAF Marque Limited is to promote Integrated Farm Management through the use of the LEAF Marque trademark. The activities and results of this company are summarised in Note 5.

16. DEBTORS

DUE WITHIN ONE YEAR
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Group
2025
£
594,167
-
417
347,641
942,225		 Group
2024
£
436,183
-
947
621,336
1,058,466		 Charity
2025
£
464,172
342,984
417
337,700
1,145,273		 Charity
2024
£
365,385
131,225
749
611,719
1,109,078

Page 31

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Group
2025
£
150,000
115,677
113,956
1,918
43,648
425,199		 Group
2024
£
-
125,876
107,427
7,940
79,575
320,818		 Charity
2025
£
150,000
112,779
106,691
1,918
33,633
405,021		 Charity
2024
£
-
125,797
102,488
7,940
72,750
308,975

The bank loan is an unsecured, flexible credit facility carries interest at 2.97% over the Bank of England Base Rate. The facility is subject to an annual review.

Deferred income at 1 April 2024
Resources deferred during the year
Amounts released from previous periods		 Group
2025
£
58,000
13,833
(58,000)
13,833		 Group
2024
£
69,716
58,000
(69,716)
58,000		 Charity
2025
£
58,000
13,833
(58,000)
13,833		 Charity
2024
£
69,716
58,000
(69,716)
58,000

Deferred income comprises grant and other income received in respect of various projects.

18. FINANCIAL INSTRUMENTS

Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
FINANCIAL ASSETS
Financial assets measured at fair value
through income and expenditure 926,913 477,026 698,604 409,488

Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand

19. CORPORATION TAX

The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

Page 32

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

20. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

UNRESTRICTED FUNDS
DESIGNATED FUNDS
Designated Funds
LEAF Education - Garfield Weston
LEAF - Samworth foundation
GENERAL FUNDS
General Funds
TOTAL UNRESTRICTED FUNDS
RESTRICTED FUNDS
Chef on the Farm
FarmerTime
Countryside classroom
Co-op Foundation
TOTAL OF FUNDS		 Balance at 1
April 2024
£
66,381
180,000
150,000
396,381
781,273
1,177,654
13,165
44,656
94,714
31,744
184,279
1,361,933		 Income
£
-
-
-
-
3,232,511
3,232,511
-
-
17,100
-
17,100
3,249,611		 Expenditure
£
-
(180,000)
(150,000)
(330,000)
(2,600,509)
(2,930,509)
-
-
(51,391)
(10,052)
(61,443)
(2,991,952)		 Balance at
31 March
2025
£
66,381
-
-
66,381
1,413,275
1,479,656
13,165
44,656
60,423
21,692
139,936
1,619,592

Page 33

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

20. STATEMENT OF FUNDS (CONTINUED)

Designated Funds

Part of the Gift Aid donation from LEAF Marque is reserved to support Technology improvements that will benefit LEAF and LEAF Marque collectively.

Other designated funds are as follows:

LEAF Education (Garfield Weston) - multi-year grant specifically for LEAF's work on education.

LEAF (Samworth Foundation) - multi-year grant specifically for LEAF's work on education.

Restricted Funds

Chef on the Farm - long established Project self-funded through occasional donations and grants and delivers cookery lessons based around sustainability and introducing children to food provenance and cooking.

FarmerTime - long established project and funds have been granted to another charity in July 2025 who will take on the project.

Countryside classroom - long established web based online platform delivering curriculum linked content for teachers.

Co-Op Foundation - 3 year project with specific outputs related to a Net Zero project.

Page 34

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

20.
STATEMENT OF FUNDS (CONTINUED)
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
1 April 2023
£
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Designated Funds
66,381
LEAF Education - Garfield
Weston
-
LEAF - Samworth foundation
-
66,381
GENERAL FUNDS
General Funds
688,807
TOTAL UNRESTRICTED
FUNDS
755,188
RESTRICTED FUNDS
EU Horizon 2020
61,436
Chef on the Farm
12,769
ATF/Cevas
38,783
FarmerTime
57,689
Countryside classroom
110,403
ISEAL
6,463
Beacons of Excellence
35,000
#FarmMyFood
8,000
Co-op Foundation
99,397
429,940
TOTAL OF FUNDS
1,185,128		 Income
£
-
180,000
150,000
330,000
2,397,337
2,727,337
-
642
14,525
-
14,700
-
-
2,750
-
32,617
2,759,954		 Expenditure
£
-
-
-
-
(2,287,780)
(2,287,780)
(61,436)
(246)
(70,399)
(13,033)
(30,389)
(6,463)
(35,000)
(10,750)
(67,653)
(295,369)
(2,583,149)		 Transfers
in/out
£
-
-
-
-
(17,091)
(17,091)
-
-
17,091
-
-
-
-
-
-
17,091
-		 Balance at
31 March
2024
£
66,381
180,000
150,000
396,381
781,273
1,177,654
-
13,165
-
44,656
94,714
-
-
-
31,744
184,279
1,361,933

Page 35

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

21. SUMMARY OF FUNDS

SUMMARY OF FUNDS - CURRENT YEAR

Designated funds
General funds
Restricted funds
SUMMARY OF FUNDS - PRIOR YEAR
Balance at
1 April 2023
£
Designated funds
66,381
General funds
688,807
Restricted funds
429,940
1,185,128		 Balance at 1
April 2024
£
396,381
781,273
184,279
1,361,933
Income
£
330,000
2,397,337
32,617
2,759,954		 Income
£
-
3,232,511
17,100
3,249,611
Expenditure
£
-
(2,287,780)
(295,369)
(2,583,149)		 Expenditure
£
(330,000)
(2,600,509)
(61,443)
(2,991,952)
Transfers
in/out
£
-
(17,091)
17,091
-		 Balance at
31 March
2025
£
66,381
1,413,275
139,936
1,619,592
Balance at
31 March
2024
£
396,381
781,273
184,279
Designated funds
General funds
Restricted funds
1,361,933

22. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted
funds
2025
£
Tangible fixed assets
39,922
Intangible fixed assets
135,410
Fixed asset investments
321
Current assets
1,734,466
Creditors due within one year
(430,463)
TOTAL
1,479,656		 Restricted
funds
2025
£
-
-
-
139,936
-
139,936		 Total
funds
2025
£
39,922
135,410
321
1,874,402
(430,463
1,619,592

Page 36

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

22.
ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED)
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2024
£
Tangible fixed assets
56,089
Intangible fixed assets
90,849
Fixed asset investments
321
Current assets
1,351,213
Creditors due within one year
(320,818)
TOTAL
1,177,654
23.
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW
ACTIVITIES
Net income for the year (as per Statement of Financial Activities)
ADJUSTMENTS FOR:
Depreciation charges
Amortisation charges
Investment income
Interest paid
Decrease/(increase) in debtors
Increase/(decrease) in creditors
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES
24.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand		 Restricted
funds
2024
Total
funds
2024
£
£
-
56,089
-
90,849
-
321
184,279
1,535,492
-
(320,818)
184,279
1,361,933
FROM OPERATING
Group
Group
2025
2024
£
£
257,659
176,805
19,480
21,772
17,410
12,268
(296)
(6)
-
536
105,786
(594,747)
(40,354)
281,368
359,685
(102,004)
Group
Group
2025
2024
£
£
921,722
477,025

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LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

25. ANALYSIS OF CHANGES IN NET DEBT

Cash at bank and in hand
Debt due within 1 year		 At 1 April
2024
£
477,026
-
477,026		 Cash flows
£
444,696
(150,000)
294,696		 At 31 March
2025
£
921,722
(150,000)
771,722

26. CAPITAL COMMITMENTS

Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
CONTRACTED FOR BUT NOT PROVIDED
IN THESE FINANCIAL STATEMENTS
Acquisition of intangible assets - 115,100 - 115,100

27. PENSION COMMITMENTS

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £225,127 (2024: £203,018). As at the year end, the Charity had outstanding pension contributions of £157 (2024: £359).

28. OPERATING LEASE COMMITMENTS

At 31 March 2025 the Group and the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 Group
2025
£
23,897
1,810
25,707		 Group
2024
£
26,035
18,468
44,503		 Charity
2025
£
23,897
1,810
25,707		 Charity
2024
£
26,035
18,468
44,503

Page 38

LINKING ENVIRONMENT AND FARMING (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

29. RELATED PARTY TRANSACTIONS

During the year the Charity traded with Haygrove Limited, a company in which A J Davidson is a director. During the year the Charity purchased services of £Nil (2024: £750). At the year end a balance of £Nil (2024: £Nil) was due to Haygrove Limited.

During the year the Charity traded with Dyson Farming Limited, a company in which P G Wynn is a director. During the year the charity received income of £32,737 (2024: £10,675). At the year end a balance of £Nil (2024: £Nil) was due to Dyson Farming Limited.

During the year the Charity traded with Waldersley Farm Limited, a company in which C R Porter is a director. The Charity received membership income during the year of £Nil (2024: £709). At the year end a balance of £Nil (2024: £Nil) was due from Waldersley Farms Limited.

During the year the Charity traded with Seeds to Thrive Limited, a company in which C M Mason is a director. During the year the Charity purchased services of £83.16 (2024: £3,000). At the year end a balance of £Nil (2024: £Nil) was due to Seeds to Thrive Limited.

The charity has taken advantage of the exemptions available under FRS 102 Section 33.1A and has not disclosed transactions with its subsidiary undertaking, LEAF Marque Limited.

Page 39