2024-03-31-accounts

REGISTERED cO￿1PANy ￿'u.11BER: 116853242 {Engl8Dd and Wales) REGISTERED CHARITY NUMBER: 11388S4 REPORT OF THE TRUSTEES Fll¥ANCIAL STATE.MENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR MARSH FARM FL TURES FKCA LiTnited 260- 270 Butterfield Greai Marlings Luion Bedfordshire LU2 8DL

MARSH FARM FUTURES CONTENTS OF THE FINAfCIAL STATEMENTS foT the Year Ended 31 MARCH 2024 Page Referenee and AdJninistr4tive Dttails Report of tbe Trusttts Report of the Independeni Allditor5 10 to 13 Statement of Finxnciai Aetlvltles 14 BlaDce Sheet 15 to 16 Cash Flow Statement 17 Not¢5 to the C*sh Flt)w Statement 18 Notes to the Fiti#lleial Statements 19 to 30

MARSH FARM FLryURES REFERENCE AND ADMINISTRATIVE DETAILS ftsr the Y￿r EDded 31 MARCH 2024 TRUSTEES Mr D E Crean Mr B Paiel MsAMWhi MsSTLPower Mr R J Goodw Mfftss Y Waheed (re5iglled 4.5.23) Ms A Nicholls (appOin￿d 31.7.23) Mr R J Rwhe (appointed 31.7.23) REGISTERED OFFICE Futures House The Moak¢s Luton Bedfordshire LU3 3QB REGISTERED cO￿1PANy r4UMBER 06853242 (England and Wal&s) REGISTERED CHARITY r*'UIIBER 1138854 AUDITORS FKCA Limited 260- 270 Butterfield Great Marlings Luton Bedfordshi LU2 8DL SOLICITORS TayloT Walton 2844 Alllm Strett LJtoD LUI 2PL Russell-cwke 2 Puu)ey Hill Putt￿y. London SW15 6AB BANKERS N&tW￿l Market Hiu Bra￿h 31 George Streei Luton Bedford5hire LUI 2YN 54-56 George Street Lu￿￿ Bedfordshire LUI 2AB Page I

MARSH FARM FUTURES (REGISTERED NUMBER: IM853242) REPORT OF THE TRUSTEES for tbe Yexr Ended 31 MARCH 2024 trustees who are also direeioTS of the charity for the purposes of tbe compani￿ Act 2(X)6. PTesent their report with the financial statements of the charity for the year ended 31 March 2024.The trusiees have adopted the provisions of Accounting and Reporting by Charities.. Ststement of Recomrnetsded Prdctict applicable to charities preparing their accounts ill accordance with the Financial Rep)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2019). OWECTIVES AND ACTIVITIES Objeetives and A¢tiTrTrties The Organisation bas 5 key objcctives: The provision of affordable. well-managed and suslaitiable facilities for enieTpTise and commupity activities. The Development of a vibrani local economy where businesses can prosper and communtty enterprise can flc)UTish, Creating jobs and a skn.lled and com￿lI1ve w0￿￿0￿e. Promoting effectiyc partnership working beNren all sectOf5 lo build capacity and Create a sustainable ¢onllnunity'anchol OTgaDi5atiOD to ensijre that the Deeds of the cottlltll￿ty are understix)d and address¢d,. sUp￿rtIng local youth program1￿ ￿thi(b develop sktlls and confidence engaging young people as active de¢ision n￿er$, and ewourdge a healthy, confident C0￿M￿nI￿ VALO feel safe. and have a range of accessible facilities,. Improving education standarts for all with a wide rdn8e of learning opportuwties artd experiences. The Board believes that through 5ty0ng partnership workmg it ￿711 asshsi in job creation. skills deVelop￿ertt. and training. Conununity engagement ￿11 continue to be a key factor in enabling the ongouw su¢ctss of Full￿eS House and other MFF project initiative5 and use by local residents. Long iern sustainability of MFF will rely OD incorne generatio providing services and benefJt5 to the residents of MaT5h Farni and the surround]ng area, both through the use alld letting of Futures Howse, and through the fi￿dIllg and delivery of current and planned projects. Identifying risks and the likeSihoi)d of each a&wsed managemeni proposals and coniingeDCy plaLs as well as an action plan for actLVities will be key to ackn"eving MFPS aims and fvnhering its legal purpose over the Collllllg years. The Board will work lov/￿S rnceting its thied airns and objecuves through: TDanagemeni and lettin8 of propery and particularly the ot*rdtion of Futures House: provide fa¢ilities and Servi￿ for the community whilst generaiing 8 surplus to illvest into other activities. management and operation of FUtt￿e$ Fun Factory atrj Cafe" managemeni and letting of the MeeiiDg Hal]s to m&ximise the social benefits w the local community developmeDi and delivery of practical projects respond to the Priorities within the strategic aints. Pub]le benefit The Trustees confm that they have referred to the guidance Con￿l￿ed in the Chariry Commission's genernl guidance on public benefii when sctting their grdnt mak]ng policy for the year. in line the Chan"Ws aims and objectives. Page 2

MARSH FARM FirruRES (REGISTERED NUMBER: 110853242} REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Social investmelltS Fulures Fun Factory. Tbis year FuDJres Fun Fa¢iory ha5 served as a dyllamic venue for farnily entertainment at Coinmuniiy acti3ry1ies. Our indoor soft play facility welcomed nearly 26,000 aiielldees from April 2023 - March 2024. Demonstrdting our commit￿ellt to inclusivity and community 5uppon, we conducted 16 Special Educational Needs and Disabilities (SEND) sessions for local schools. prowding a safe and elljoydble experience for children diverse need5. The facilAry aLw the chosen venue for 75 children's parties and 12 privaie hires, offering tailored spaces for celebrations and exclusive events. Additionally, our comprehensive progTamme of events Ims attracted a ￿lde audience, with each event selling out online and providing engagement throughout the year. The yearfs rust event was Easier 2023, which saw a sold-QUt turnout wath 72 childmi and 35 adults in attendance. This f¢siii'e occasion featttred party games. arts and crdfts, and an Easter egg hunt. Each ¢hild received a h￿lthY lunch box. and adults enjoyed refreshments throughoui the event. Following thi"s, Eid 2023 anoth¢r successful gathering, drawing 65 attendees, 30 of whorn took advantage of our C1]n)bll￿ W￿ls. The venue was fesiively decordted, and a variety of family actiYitie5 were provided. with guests treated to a hoi meal. tater in the year. we celebraied Halloween with 74 children and 40 adults joining us. The Fun Factory was transformed inio a haunted venue, complete with games and a live entertainer performing a magic show. Children rrceived healthy lunch boxes, and adults were offered refreshments. To close th¢ year. our Chn'sunas Pa￿ welcomed 72 cbildren and 38 adults, fea¢uTing arts and crdfts activities and a Santa's Groito, wher¢ each Child received a present. Communiry Events.. In June MFF marked the 75th auDiversary of HMS Windrush's aTTival wth a vibrani Celebration or Caribbean culture in the UK. With fi￿dIng fro￿ tbe Bedfordslllre Culturat Supw)rt fimd, we were able to hosi a week of celebrdtion srarting with a visit to the hat-making workshop Rowpn from Uptowm Yardie. After sharing hi5 Caribbean-influenced journey a5 a designer the ch]"Idren decotated their bucket hats connecting with Luion's hat-rnak￿g history. These hats were then part of a display for our W1ndn￿ celebrati¢)n eveni including a live DJ, ￿slon food stalls: entertainrnenL and a carnival coswme display. We had displays from both Luton Adllli l.earn]ng alld Mary Sea¢ole Houstng AsscKiation as well as infomotion abour the Willdrush Generation to educate atiendees. Marsh Farni Futures organized three highly success￿1 events for the over-50s last year, each attracting over 120 attendees. Gue.sts enjoyed a tbree-course meal. eDtenaimnent. and 3 raffle. The flrsi even¢ a Si George's Day celebration in April 2023. In December 20?3, we parn)ered with the Marsh Fami Funthaiging group to host our annual Over-50s Christm&s Party, held in our Conununity Halls and generou51y fiwled and rnanaged by the group. Building on this successful ¢ollalK>ratiotL we hosied a St Patrick's Day ev¢Dt in March 2024. On November 5th Marsh FaTm Futures held our annual FiTework8 event with an incredible anendance of 41)00 people. The event was sponsored by our ILKal Nisa and feawred a 21kminuie-long display sei io music along various fi)od and drink stalls as well as a funfair. Fedback from thi.s event was incredibly ￿)5111Ve. Youth aDd Community Progrdmme: Matsh Farni Futures Community Fridge launclrd in July 2023 and was ￿nded by BCLF and LLA Greener Fuwres Fund. Since opening it has amassed 119 registrdtions predominanily from local postcodes and diverted 1434.15kg and 81.7L of food saved fro￿ landfill. Regular donaiions are predominaiely from C(FOp and Nisa,. however. we have also had (Kcasional donatiotLS from PeT]rose RIK)ts io Recovery ond josep￿.5 Store Basket. Initially opening twice a week this has increased to three limes a week in De£ember 2023 due to high demand. In August ?023 we held multiple Holiday Camps SUPWprted by Energise Luton with fimding frorn the Department of Edll¢aiion's Holiday Aciiviiies and Food Programme. With 300 spaces available for chrldren receiving free school meals and a fither 40 spaces for families affected by the cosi-of-IiviD8 crisis. All the cbildren had acces5 to activities such as sofi play, climbing Wdlls. cupcake decoratiDg and arts & crafts well as a healthy meal. Oui Get Ou￿00rS Prograrnme held over the summer consisted of both weekly wel]ness walks as well as regular sensory M*]ks for adulis and young people SEND engaging them through siorytelltng and exploring the senses. MFF also hosted two comrnunity trips io Rushmere and Siockwood Pth respectii'ely both trips included tyanspon, access to a display or event at the venue, a guided w71k and nawre ¢rdftiDg acuviites. This programme Wd5 sponsored by Sport England and National t￿lte￿S Together Fu￿{ in ¢ollaiK)fdtion with Be Active. In November 2023 we launched our ConllDunity Coffee Morning, this developed &8 an extension of our Community Fridge as we noticed a common trend of donati¢xLS beU￿ breakfasi pastyies or bread for loastillg. This has been a succes5 and is an ongoing project ￿1th around 10 regular artendtts. Page 3

MARSH FARM FUTURES (REGISTERED NUMBEIL. 06853242) REPORT OF THE TRLSTEES for the lear EDded 31 MARCH 2024 OWEcfivES AND ACTIVITIES In December we Kllstalled a d¢fibrillaior on the outside of Future5 Housc for the lo¢al commurrity to have access to in case of an emergeney. Thi5 W79 kindly awdyded by the DHSC Conllnunity Auiornated External Defibrillator Fund. Volunteers The board of trustees regularly fvlfil their governawe re5wL$i￿l17tles and as a group voluntttr their tim¢ to 5UPPOrt the senior management and staff iram in a rallge of comrnunity activilies. In addition, our long serving and well-regarded volunte¢r, Charles Hazel continues io contribute kn"s time in assisting with a rdnge of thsks at Futures House. A core group of Yolunteers coniinue to suppon our key annual community events and plans are in place to recruii more volunt¢ers for plat]ned ¢vents scheduled in ?024. PartDershSp work Throughout the year we have worked with wJri0￿s parn]ers io help deliver more services to the local community. CitizeTL% Advice Buredu held a wttkly dropin service prO￿ding advi¢e and sIgn￿st1ng, when CAB unfornmately had io slop runni[￿ these sessions. they were quickly repla￿d by a Lu￿n Food Bank Advisor who ran a sitllilar progrdmrne. These progromme5 have sadly come to an end. In parthership with Kids Out and Luton North Rotary Club, we received over 300 wrnpped Christmas presents to gifi to local Yulnerable children. Marsh Fantt Fuwres distributed these presents through I I differen¢ Channels Éncluding hoo15. holiday camps, slleliers and other clwi.thle OTgani5atsons such as CHUFAS. Each of these specifically identified cbildren who were in need. Over ￿nter we received 100 Warni In Willtef Bags frorn Small Acts of Kithe5s. alongside sorne Christmas present boxes. Both the bags and the presents conthin Ilen￿ to help keep the elderly well as infomwtion and aciivity packs. MFF distributed all of thes¢ to local el¢Jerly conlllluniry via our CotDmunity Fridge and our Over 50's Groups thai tske place in the CornmuTJity Halls. Mary Sea¢ole Housin8 Vlslted our Community Coffee Morning io speak with its attendees about hate crime altd share their new hatc Crin￿ app. Tbis w&$ a I'ery inforu￿tive session aod spatked lots of important dis¢wssion. Page 4

MARSH FARM FUTURES OiEGISTERED NUMBER: 06853242) REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charitable aetisryties Reserves MFF Board ￿11 need to clarify any applications and use of MFF reserves, aDd plan for appropnate itlvestmenl in new projects or building improvements. MFF has ideniified several capitsl projects ai Futtwes House that ￿11 require Capital invesrment over the next few years. A S￿dY Wds &￿rIed out prei'iously to determine the rnosi appropriate deyeloprneni solutions. These Opiions were considered by the Board in term5 of bow they address the local planning coniext, their deliverdbiltiy. and their ability to allract resources. The study also considered how the projecus can be managed moving fonvard and in the long-ierni by c0Th5idering how MFF can develop as an Organi￿110n and the key external relationships necessary. Due to the very high utilities costs in this and the previous year. it is clear thai enerwy effitiency M￿￿￿r¢S 4r¢ required lor the building to sal'e on energy consumption and Costs. As a result, a new Energy Efficiency Report ￿11 be Com￿lssIoned in the near fvture to Co￿8￿der projects that will have a direct impa¢t on energy con511mPtion and costs. The main areas that are likely to require investhieni for repairs and som¢ improvement5 include.. Solar PV Panels {Phoio Voltaic) - Building Management System IBMS). - Air Handling sys￿$ IAHU). - Domestic Hot Wa￿r Boiler to ao Air Source Heat Pump. LED Lighiing - De-stratificaiion Fang in Fun Factory. - Electric vetll.cle Charging poinis Dependit]g on potential sources of finance. projected incorn¢, and the strategy for their development, this affect how the Charity migh¢ exe¢uie the capital projecrs. If exiernal finance is to be used. MFF will need to carefully consider all the faciors and ell5ure that its investtnent is planned aDd delivered with users and with the fmancial modelling that makes it sustainable. Community Halls Our co]nTnuniry halls serve as ￿￿ra￿l. multipurpose SPa￿S for a wide rnige of aCti￿ties and events. making them a Yalued resource within the COTnmunity. We h￿1 14 pemw)eni CornTnuDiry Groups that regularly book our halls from Monday to Friday. These groups include F(Kthanks. (h'er 50's Social Groups, an Art Group. Yoga classes, Martial Art5 sesston5 (for both adulis and children). Line Clu'ldren's Maths Classes, and Prnyer Groups. Throughout the year, these groups have ¢ollectiN'ely welcomed just OVLY 16.0(M) participants. Addiiionally.- our halls have been booked for over 35 different ty￿$ of even(K rangjng from social fiwtions such as b￿yS and Mendhilwedding celebrations to trdining sessiorns and Conferences. Meetlng Rooms Over the year. MFF maintsined tts long-i¢rn] I)00k￿B with lttcisive Trdining th have a half-week b(xTrking twice a month as well a5 the local councillor surgeries that take pla¢e every 1st and 3rd Saturday. We also have btrth a Fibrtsrnyalgia Support group and The Prince'5 Tn]st a regular once-a-IllODth booking. Ott top of these regular Ert)okings, we have had 57 individual b(N)kings throughout the yeaT. Visitors experience A planned progrdtDme of decordiion and landscaping improl'ements has begun io refresh and mainthin the upkeep of Futures Ho￿￿e has also included the recq)tion atrium and the otrice Corridors and srairwells in the otTi¢e tenanted New Units We welcomed new tenants to Futures House mosily local businesses and $th￿p5 but also recognise the Challenging and competitive market especially in Luton. Some of the larger office ￿¢t vacated by Luion Council has been repurposed as a training room for lrtcisive Trdining and plans are being finalised for one of the larger office spaces on the f]rst floor lo be piomoted a5 a hot desking space for local busine55 entrepreneur4 consultants and mdividual business owmers wh don't requsr¢ a regular office space but a lrtation base io work flexibly. IDfortnatioD alld Technology Through our POS system, used in the Fun Factory. we implemented the opportunity for our customers to make online b￿king5 to improve the customer experien¢e. We also upgrdded the office phoiLYopier for improved cost efficiency. Page 5

MARSH FARM FUTURES (REGISTERED NiJMBER: 06853242) REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024 Webslte and soelal medi Our webgiie and Facebook page I￿ been uFthied regularly io keep people infonncd of events and updates. FINAf4CIAL REVIEW FiDaneigl position The twsrtts wish to report a net deficit of £227,960 withtn unrestricted fi￿d5 and a surplus of £23,378 wtthin Testri¢ted fi￿d5 respeciikely for the year l￿der review. The unrestricted general reservcs stand at £4.582.414 and restrECted fimds at £26,962. Details of the major items on the balance shed can be f¢)ut¥J iti the notes lo the fin￿Kial statements. Expenditt￿e on Light and Hedt is up this year by £94,423 a￿d overall clwitsble activities wages c4)sts up by £25.929 Projects Expenditure There was some lloiiceable exFditure on project as follows: - CornmuDity voice- £140 - Youth and COIn￿ll￿tty- £3,728 - Marsh Farni in Bloom- £4.88] - Youth and Communiry incl salaries & w•ges- £40.167 - Core Costs Youth and Community- £12,796 - Firework display- £12,187 - Wini¢r progrdTnme- £470 Delays kn paymeni of invoices from tenants and supplier5 ha5 an impaci on our c&sh flows but not an adverse irnp2Ct on our collection of invoices. as we llK)nitor aged debiors mollth attd have s)BteEtLS in place to recover funds owed to the Charity. Any risks identified that do noi get addressed will bave an ampact OD the long-ienn sustainability of MFF ID particular, it may have an impa¢t on its (our r]nancial obje¢iives. i.e.: a) Sustained growth in profithbility of FuDJres House. bl Build up MFF5 reserve5, particularly the sinking fund for long lern] building tuainnance and renewal. c} ReveDue fullding for projects of comfflutlity benefit. d) Budget and prioritie5 for a capithl investment programn￿. Prlllcipal fuDdiDg sources Rents and Smrice Charges pay for s￿￿Ing and otkn running costs of the charity as well as the Community Chest filnding. Futures Fwi Fa¢iory pays for its Staffmg. and service cbar8e plus any sthff training with any deficits fvnded by the cOmpan￿S income from its other cost centrcs. This provides a much-needed service to I￿al people in Marsh Farni and the surrounding areas. Income has ris¢n year oll year by £99244. Investment poli¢). and objeetlves Therc are no invesll)￿nts in external entities and the Board will develop a policy &s al￿ when required. Page 6

MARSH FARM FirrLryiES OiEGISTERED I¥UMBER: 06853242) REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 21124 FINANCIAL REVIEW Reserves policy In order to protect Marsh Farni FuDJres against variaiion in income. and to allow for new oppornmities. Marsh F2rn1 Futures has an unrestricted reserves policy setting out guidelines on sening moTJey aside rdther than using li for inuDediaie issueslprojects. This is money that can k speni on anithng wkn.ch fi￿ther5 the objec¢ives of Matsh Far Futures and secures its viability lryond the immediate future to provide reliable sen'ices over the longer tern). The replacemeni costs for the main features of the Futures House building {e.g.. roof. heating, lifL el¢l, were originally calculated at £1.895,064 ai 2011 prices. Assuming a 25 10 50-year lifecycle for the various features. an at)nual average allocation of atK>ut £50.000 at current PTi¢es bas been tDade to a sinking fill￿. Buginess Continuity will largely be covered by the organtsaiion's insurance given thai MFFS primary irtco￿e source is from the leiiing of Fu¢uie House. A tontingency of £150,000 has been Set aside io faciliiaie working capital during 8n}' period Mthen insurdnce claims are being processed in the eveni of sudden loss of incorne. A Projeci Investment Fund of £50,000 is Created io provide for options appraisals and feasibility studies for new iniiiatives: with a designated fund of £7(KI.IHJO for large scale ¢apifal I￿￿'es￿nenT towards the capital building programme. A separate bank account is iti place for the reserves with a separate account for the tenants, deposits. FUTLQiE PLANS There are no plans by the TTUStees to change the Cljaritys aims and objeciives. The focus of the activities for MFF over the Dext thre¢ lo five years are to be within four primary areas.. {1) management and l¢tting of prokxry and particularly the operatiOD of Fubjres House, to provide faciliiies and service5 for the community whilst generating a Surplus io invesi into other activiti¢s; (li) matfdgernent and opeNion of Futures Fun Fa¢tory. lilt) management and letting of the MeeiinE Halls to maximise the social benefits to the local c¢)mmunity whilst aiming to cover their operating costs- (iv) development and delivery of practical projects thai reswTrnd io the priorities withill its strdtegic aims; Oiher expenditure cxpccted on butlding improvements next y¢ar includes AHU refiubi5brnent. CCTV replacement alld toilet5 upgrdde5. Declslon makfing DecisiorL% on poli¢y and directsoD of the claarity are tsken by the Board. but ¢)perdlional decisions to implement these are a mat￿r for stsff through the Chief Executive Officer. Direciors approve the budget and work progrdmme and monitor progress of each through the staff rewrts throughout the year. They also consider and approve the annual accounts. Ther¢ is a long-terni fonwd plannEng Pr￿¢$5, which is based on three-year fman¢ial forecasts. and additional meetings of ihe Board. to CO￿51d¢r fyture plans and activitie& ￿ necess￿. STRUCTURE. COVERNM'CE AND MAliAGEMENT GovtrniDg doeutnent The governing document of the chaTity is the memoFandum a￿1 arti¢les of as%bciaiion. The company constiwtes a limited cornpany (by guordnteel as defined by the Companies Aci 2006. Page 7

MARSH FARM FUTURES (REGISTERED NUMBER: I)6853242) REPORT OF THE TRUSTEES for tbe Year Ended 31 %1ARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT P4ew Trusttt$ IDductioll and training of new tn]siees OT suitsbly experienced represenlatives fron) such OTganisations 01 persons as it deterniines, for persons to be appointed as Dire¢iors because of their experience of, skills in or understanding of workthg in the ftleyani sector, so that the Board ill totsl is as follows". - three local residents, nomirrdted by the community &ssetDbly or thTough such otbeT proce&s as the Board shall deternjine.. two business rq)resentaiives, one of ￿lI¢)M slK)uld be workmE in a b￿]nesS b&sed on the Marsh Farni estate: two Councillors nominated by the CoutL¢iI.. thTee other local stakeholders, at the reasonable discrdion of the Board. - one Young Per50 New trusttts are nomally chosen because they have a track record of working or ￿￿thin public or eommunity or8anisations and are introduced to the specific workin8s of the Chariry by the Chref Execuiive. Before apwintrneni they are nortnally inierviewed by the Board. and the nature of the decisions they Mryll be facd with are explained at this time. Any specialisi tsaining Tequired by an indiviththl Director is available oll request. Board Governance training is planned for in the near fuwre. The number of direaors in the year Ins been on average around six and fithhcr recruitment is being planned ID the furure. Staff rernuneralion Staff numbers have Énere&sed progressively since early 2022 at the end of the pandernic and with a mixture of full titne. pan time and flextble staff all on contrdct and at leasi on the living w*ge. Each addition or replatement of a siaff member is appointed with]n an appropriale advertised salary range: and external advice is sought on this when necessary to ensure thai they are properly benchnorked. Annual salaries for all sthff are readjusted annually in respect of cost of living, usiti8 the L(￿al Government settlell￿1 made naiionally as a guide. Related parties The land at FubJres House is owmed by Marsh FartD Fukn and the Trustees are responsible for Marsh Farlll Futtwes, Risk management Th¢ trustee5 have a dury io identify and review the risks io wbich the clwity is exposed and to ensure appropriat¢ controls are in place to provide reasonable assurdncc agaiLst fraud and error. STATEMENT OF TRbSTEES' RESPONSIBILITIES The trustees (who are also the directors of MaThh Farni FutUTCS lor the PUfFM)ses of collwany law) are responsible for preparing the Rep(>rt of the TnLSEees a￿1 the fill&Kial staiements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accouniing Prdctiee). Company law requireg ihe tnEStees to prepare fmancial stsiements for each financial year whi¢h give a true and fair view of the stste of affaÈrs of the charitsble company and of the incoming resources and appli￿tion of resources. including the income and expenditure, of the clthTitabk company for that period. In preparing thtsse fmancial stacements, the trustees are r¢quircd to select suitable a¢¢ouniing policies and then apply them consist¢ntly, observe the methods and principles in the Charity SORP: make judgements and estirnate5 that are reasonable and prudent: prepare the f￿￿1¢la1 staiements ¢)n th¢ going concern basis unless it is inappropriale to presutne that tbe charitable company will continue in business. The ¢￿￿Te¢S we reswnsil)le for keeping proper accounting records w￿.Ch disclose with reasonable accurdcy at any lime the f]nan¢sal ￿SItIon of the charitsble cornpany and io enable tbem to ensure that the fmancial sthtements comply with the Compallie5 Act 2006. They are a]so responsible for safeguarding the assets of the cljaritsble company and hence for takmg reasonable steps for the prevention and det¢ctioll of ftaud and other irregularities. Page 8

MARSH FARM FirruRES OiEGISTERED NUMBER.. 06853242} REPORT OF THE TRLSTEES for th¢ Year Ended 31 MARCH 2024 STATEMENT OF TRUSTEES, RESPONSIBILrfiES- eontillued In so far as the InJs￿eS are aware.. there is no rele1￿[ audii infornjation of wthich the charitable companys auditors are unawdre.. and the trustees have taken all step5 that they oughi io have taketl to tnake themselv¢s awJr¢ of any relevant audit information and io establish that the auditors are alvare of thai infom￿110 Al￿1]TORs The auditors, FKCA Limitrf will be pro[￿ for re-appointsneni at the forthcol￿g Annual G¢neral Meeting. Approved by order of the board of trustee5 oD....17111 1 SJ'.¥.... .. and signed on its behalf by. MrRJ otrJwiD. Trustee Page 9

REPORT OF THE IiYDEPENDENT AUDrroRS TO THE TRUSTEES OF I¥IARSH FAILII FL TURES Opinlon We have audited the financial staiements of Marsh Farm Futures (the 'charithble c¢)mpanse} for the year ended 31 March 2024 whi¢h comprise the Statement of Financial Aclivities, the Balance SheeL the Cash Flow Statement and not￿ to the fmancial statements, including a sun]rn￿ of swllficant accouniing policies. The fllJam¢ial reporting framework that has been applied in tbeir preparaiion is applicable law atsd Utiited Kingd¢)m Accounting Standards (United Kingdom Generally Ac¢epted Accounting Pra￿l¢e). Ill our opinion fuwlcial statements: give a true and fair view of the stste of the clwitsble compangs affairs &$ at 31 March 2024 and of its incoming resources and application of resour¢e& including its income and expEndilure, for the year then ended; have been properly prepared in accordance with Utiited Kingdom Generally Accepted Accouniing Prdctice; and have been prepared in a¢¢ordance with the requirements of the Conjpanies Aci 2006. Basis for OPilliOD We conducied our audit iti accordance with Iniernational StaTKlarth on Auditing IUKI {ISAs (UK)) and applicable law. Our re5POnsibilities under th05e Standar￿ are fi]rther descn.bed ID the Auditors, re5w)nsibiliiies for the audit of the fjnanciai statemellts Sttlion of our report. We are independent of the Charitsble c¢)rnpany ID accordaTJce with the ethical requirements thai are relevant to our auth"i of the financial statements ID the UK. including the FRC'S Ethical Standard, and we have fulfhlled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtaitied is SU￿7¢]en1 and appropriale to provide a basis lor our opinion. Con£lusioDS relatillg to going concer In auditing the financial statements. we have concluded that the trustees, use of the going Co￿ern basis of accounting in the preparation of the rtnancial slaten)enls is appropriate. Based on the WOTk we have perfornKd. we have ideniified any material uncertainties relaiing to ¢v¢nts or conditiotjs that, individually or colleciively, may cast significant doubt on the charstsble companls ability to conttnue as a going concern for a p¢riod of ai leasi twelve montlLS from when the financial statements are authorised for issue. Our r¢sponsibilitie5 and the responsI￿111ties of the trustee5 with respeci io going Concern are destribed in the relevant seciions of this report. Other informstioD The trustees are resp¢)nsible for the other mfom)aiion. The other inforn￿li0n comprises the Inforn￿tion included iti the Annual Report, other than the fmancial stsi¢ments and our Report of the Independent Auditors thereoll. Our opinioll on the firwKial ststements does not cover the other Inforn￿lion and. except to the ext¢nl otherwise explicitly staled in our report. we do noi express any fonn of ￿urall¢e conclusion thereon. In connectioD with our audit of the fin8ncial statements. our I￿￿nSIbIlIty is to read the otber inforn]ation and, in doin8 so. consider whether the Other MfOrn￿li0n is materially incoDsisteni the fmancial statements or our knowledge obtained Èn the audit or otherwise appears io be ma￿la]lY missthted. If w'e ideDtify such Material incot]Si5tellcies or apparent material misstaiements. we are required to deterrnine whether this gives rise to a Ma￿rial missia¢ement in the rinancial sthiementE thern5elves. If. based on the woth we have performed. we conclude that there is a maierial rnisstatement of this other InfOrn￿ll0n. we are requiTed to repon that fact. We have llothing to report in this regard. l¥latters on which w¢ are required to report bv exceptioD We have nothing to report ID respeci of the following lljatters wllere the Charities (Accounts and Reponsl Regulations 2008 requires us io r￿￿rt to you if, ID our opinion: the information given in th¢ iieport of the Tn￿ltts is inconsistent ID any ll￿terIal respect with the r]nancial staiemenis: or the charktable company not kept adequate accouniing records; or the fu￿1claI ststements are noi in agreement v/tth the accouniing records and returns; or we have not received all the mfornjaiion ond explanaiions we require for our audii. Page 10

REPORT OF THE IYI DEPENDEPa AUD￿oRs TO THE TRLISTEES OF MARSH FARNI FUTI'RES Responsibilities of tru$ttts As explained more fully in the St¢m¢ffti of Tn￿let5, RcsrA)nsibilities. the tyustees Iwho are also the diredof5 of the haritable compan)" for ihe PUTPOSCS of company lawl ar¢ F¢S￿)nsIble for the prepardtion of the fman¢tal $iat¢menis and for being 5at15fied that they 8Lve a mje and fair Vi￿. and for such internal control as ihe trustees determine is ncce5sary to ¢nable the prepzration of fi•an¢ial 5ts1e]nents are free from maietial mi551atement. H'hether due io fraud or error. In preparing the financial •tements. the trusttt5 are resp)nsible f( OS5essing the charitable company's abiliry io eonlinue as a going ¢on¢ern. disclosin& as applttable. matter5 related to 8OLng coneem and using ihe going ¢on¢ern basi5 of accounting unless the trustees either intend to liquid*e the charitable ¢OTnpaThy or to cease operdtions. or have no realistic a]iernatiwe bui to do 50. Pagell

REPORT OF THE IliDEPENDEYT.LIDITORS TO THE TRusfEES OF 1¥1.4IiSH FAIL%1 FUTL'.RES Our r¢spon5ibilities for the udit of the finncial staternents We have been appointed as auditor5 under Srf¢ion 144 of the Charities A¢t 2011 and rewrt in ac¢ordan¢e with the Act and r¢l¢vani re8ulations Tnad¢ orhavingeffect thereutwjer. 0￿r objectivcs are to obtsin re&wnable a55urdnce aboui whether the financial stslements &$ a whole are free from mat¢rtal misststement. whdher due to hud or ern)r. and io issue a R¢port of the Independent Auditors that include5 our opinion. RrJ50nable asswance is a high l¢vtl of asswance. but is not a guaraniee that an audit conducted in accordance with ISAS IUKI will alway5 deled a material misstatement ￿hen ti exists. Mi5Statements can arise from fraud or error and art rtsnsidered material if. individuallv or in the aggregate. they ¢ould reasonably be expe¢ted io influence the e¢onomie dccksions of users taken on the basis of these fin•¢La] ￿￿eMents. The extcnt lo whi¢h our proceduTe5 are capable of de￿1n& iryularities. iThcluding fraud is detailed below: Irrtgularities. including fraud, art in51ance5 of nonv¢ompliance with laws and regulations. We design p￿cedureS in line th our resrK)n5ibilities. OLrtlined above. to detect material misstatements in respeth of irr¢glllaritLes, including frnud. Our appr￿a¢h io identifying and as5ts5ing the risks of meria] mis5wemerti in respe£t of iTr¢gularili¢s. ineluding frdud was as follow5.. - The engag￿￿¢￿1 pather ensured that the engagune￿ ieam colle£tively had the apwopriate c4)mpEt¢n¢e, ¢apabilities. a￿d skills to identify or rerogrb¥se tKJtKompliance with appltcable laws and regulation5. We tdcntified the laws and regulation5 appli¢abl¢ to the company thrvugh discussions with Trustee$ and management. hnd from our commcrcial kmwledge and experbence of the settor in which the COTnpany operates. IV¢ assessed specific laws and regulotions which we con5idard may have a direct impad m•erial effect on the financial stalemenls. or th¢ operatkons ofthe charitable Company. We assessed the extent of Co￿P113￿ce with the laws and regulations identified above through making enquiries tsf matJa8tment and inspe¢ttng legal corresTX)ndenc¢' and - Id¢nlified laws and regulati¢)ns wete commlmicated wrythin the audii team al￿ the team remained alert to iThsiances of non-cornplyan¢e ihroughout the audit. We ideniified the greatest risk of maierial impact on the financial ststements from irregularities. including frdud. to involve incomt re¢ogniiion and the ovtrride of controls by mana8ement. To address the risk of fraud in relation to revenue We￿￿tti0￿ we: - Performed detsiled substantive tcsting its address compldeness 3nd Kcura¢y of income: and - Assessed the appTOPTiai¢ness athd application of the aE¢ountin8 polio concerning in¢ome recognition in parti¢ular for donations and legacies. To address the risk of frdud through Manageme￿ bi&s and override of ¢ontrol& we.. - Perfornied ana1￿7cal procedures ￿ identify any unusual or unext¢ct¢d relauonship - Tested journal entries io identify unusual transa¢tions- artd - Investlgated the rationale behind SignifiL￿1 or unusual transadions. Beeause of the inhereni limitstions of an audtL thert is a risk that we wtll T￿[ detect all irregularities. including those leoding io a material mi55tatem¢ni in the financial staiernents or non-compliance with regulaiion. This risk increases the more that compliance with a law or r¢gulion is removed from the evenis and trdThsachon5 refle¢ted in the financial statements, wt will be le&% likely to become aware of instances ofnon-compliance. The risk is also greater re¥arding Irre8ularili¢s occurring due to frdud rnther than error. &$ frnud iThvolves inieniionai concvdlrn¢nL forgery. collusion. tsmission. or Misrepre￿ntatl0n_ A further description of ow responsibilities for the audit of the fir￿ncIal staternenis is located on the Finan¢ial Reporting Council's website at www.frc.org.uklauditorsrewsibilities. This descriptkon fonn5 Part of our Report of the Independcnl Audiiors. Page12

REPORT OF THE INDEPEfiDENT AUDITORS TO THE TRUSTELS OF .MARSH FARM FUTLRES Use ofour report This report is made solely to th¢ charitsble compan￿$ tnstee¥ as a body, in accordance with Part 4 of the Chartti¢s (Accounts and Reports) Regulations 2008. Our audii work has beeD ulldertaken so that w¢ might $￿te (o the charitable compan￿8 trustees those matters we are required io state to them in an audtiors. report and for no other purpose. To the fjjllest extent pernitted by law. we do noi accept or assume responsibllity ￿ anyolle other than the charithble company and the charithble cornpall￿s trustce5 &s a body, for our audil worK for this r¢porL or for the opinions we have fonned. QocA FKCA Limtied Eligible to act as an auditor in tern]s of Section 1212 of the Conyues Act 2(M)6 260 - 270 Butterfield Great Marlitlgs Luion Bedfordshire LU2 8DL Date.. Page 13

MARSH FARM FUTLryiKS STATEMEf*T OF FITr4￿,C1AL ACTIIryTIES (INCORPORATIFYG ATr1 LYCOME AND EXPETriDITURE ACCOUNT) for the Year Ended 31 MARCH 2024 2024 Total 2023 Tothl fimds Unrestricted fun(Ls Restri¢ied Notes INCOME AND Ef4DOWMEliTS FROM Donaiions and legacies 5227 28.966 34.193 8,595 Charitable acti￿11£$ Investment income 695.577 5.898 695,577 5.898 624.474 3J54 Total 706.702 28,966 735.668 636,423 EXPENDITURE OI¥ ChaTltable &ctivities Charitable trading costs PToject exp¢Dses 860.293 74,369 5J88 865.881 74,369 824,912 47.666 Tot81 934,662 5.588 940250 872.578 r4ET INCOMFJ{EXPENDrruRE) (227,960) 23,378 (2(M,582) (236,155) REcof4ciLIATION OF FUNDS Total fund5 brought fonvard 4,810,374 3.584 4,813,958 5.050.113 TOTAL FUNDS CARIUED FORWARD 4,582,414 26.962 4,609,376 4,813.958 The note5 fornt part of these financial stsiements p￿(P￿ 14

MARSH FARNI FUTURES (REGISTERED ￿UmBER. 06853242) BALANCE SHEET 31 MARCH 2024 2024 Totsl llds 2023 Total funds Unrestricteil Restricted Notes FIXED ASSETS Tangible ￿se(S 3.077.349 3.077,349 3.088.263 CURRENT ASSETS DebtL¥rs Cash at bank and in 12 193,853 1,599.824 193,853 1.626,786 165,524 1.990.170 26,962 ,793,677 26,962 1.820,639 2,155,694 CREDITORS Amounis falling due wrythin one year 13 (288.612) (288,6121 (429.999) NET CURRENT ASSETS 1,505,065 26,962 1,532.027 ,725,695 TOTAL ASSETS LESS CURJiENT LIABILITIES 4,582,414 26,962 4,609,376 4,813,958 NET ASSETS 4,582,414 26,962 4.609.376 4,813.958 FiiNDS Unrestricted funds Restricted fill￿$ 14 4,582,414 26.962 4.810,374 3,584 TOTAL Fuf4DS 4,609J76 4,813,958 The clwitable company is entltled to exempiion from audit under Section 477 of the Companies Aci 2(K)6 for th¢ year ended 31 March 2024. The members have noi deposited notice, pursuani io Section 476 of the Companie5 Act 2006 requiring an audit of thes¢ financial s￿leMentS. The tn￿tee5 acknowledge their responsibilities for {a) ensuring thai the charithble cotW)aDy keeps ￿OUnt￿E records that comply witb Sections 386 and 387 of the Companies Aci 2006 and preparing fu￿1¢1a1 5taternen¢s which give a true and fair view of the State of affairs of the charitable company as ai the end of each finamcial year and of its surplus or deficit for vach r]nancial year in accordance with the requirements of Sections 394 and 395 and which oth¢rwryse Comply with the requirements of the Companies Act 2006 relat￿g to fmancial sthiements. $0 far a5 applicable ￿ the chatitable company. (b) These flnancial ststements have beeo audited uThJer the requirements of Section 145 of the Clwiiies Act 2011. The ￿1¢$ fomi part of these fir4ncial siaiemenLS

MARSH FARM F15TURES (REGISTERED NiJMBER: 116853242) BALANCE SHEET- continued 31 IIARCH 2024 These flnancial statements have beell prepared in ac¢ordattt with the PfOViSiODS applicable to clwitable companies subjeci to the small cornpanies reghnle. The financial statements were approved by the Board of Trusttts and authorised for issue . alld were signed OD its bebalf by: on MrRJ odwin. Trusiee The noi&q forn) part of tlK5e financial stsiements

MARSH FARM FUTURES CASH FLOW STATEMENT for Ibe Year Ended 31 MARCH 2024 2024 2023 Notes Cash flows from operiitig artilities Cash generated from Iwti0tt8 {367,582) (13,554) Net cash used in operating aciivilies (367,582) (13.5541 Cash flows from iDve$ting ActiTritie5 Purchase of tangible r￿ed asse tnterest received (1.700) 5,898 {4.1951 3.354 Net cash provided byl(used in) investing aciivities 4,198 {841) Change in cash aDd casb eqMivleDts the reporting period Cash aDd cash equivalenls at the beginRiDg of the reporting period (363,384) (14,395) 1.990.170 2,004,565 Cash and tash equivalents at the end of the reporting perlod 1.626,786 ,990,170 The notes forn pan olihese financial sts*ments Page 17

MARSH FARNI FUTURES NOTES TO THE CASH FLOW STATEMENT for ibe Year Ellded 31 IIARCH 2024 RECONCILL4TION OF NET EXPEIYDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net ¢xptndAture for the r¢portin2 period (•5 per tbe S¢aternent of Fillanclal Activities) Adju5tmellt5 for: Depreciaiion charges Inierest receÈved (Increase)Id¢cre&se in debiors {Decrease)/increase in creditors (204,5821 (236.1551 12,613 (5,898) (28,329) (141.386) 13,407 (3.354} 12,070 200.478 Net eAsb used in operations {367.582) (13.5541 ANALYSIS OF CIIAI¥GES IIY NET FUNDS At 1.4.23 C&5b flow At31.3.24 Net cash Cash at bank in haT 1,990,170 1363,384) 1.626,786 ,990.170 (363J84) 1,626.786 Tot81 1,990.170 {363.384) 1,626,786 The notes form part of these fiDancial stsiements Page 18

MARSH FARM FUTURES NOTES TO THE FINANCIAL STATEMENTS for tbe Year Ended 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing tbe IlnaDeial statements The financial stateJDenis of the charitable ¢OTnpany. which is a public benefit entity under FRS 102. have been prepared in accordance with the Chatities SORP (FRS 1021 'Accounting and Reportang by Chartiies.. Statement of Reconmi¢nded Prdctice applicable to charities preparing their accounts in accordance the Financial Reporcing Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reponing Standard 102 The Financial Reponing StaDdard applicable in the UK aThd Republic of Ireland, and the Componies Act 2006. The fiuancial sthiements have been prepared under the historical cost ¢onvention. The presentstioD currency of the fu￿￿e￿al slatemenrs is the Pound Sterling (£). Marsh Farnh Futures meets the definition of a public benefit entiry under FRS 102. The principal accounting policies adopted. Judgements and key sources of estimaiioll unc£rtainry in th¢ preparation of the fmancial statements are as follows.. Income Nature of Income Gross income represents the value, Iiet of vatue added tsx and discounts. of provided to cusiomers and work carried oul in respect of services provided io customews. Citegf)rie5 of Income Income is caiegorised as income from exchaoge fransacitons (contraci iiicoine) and income frorn non-exchange transactions Igiftsl, investEDent income alld other income. Income from exchange tran￿liOnS is received by the chaTitv for goods or seryices supplied under contract or where entitlement is subject to fvlfillfftng perforniance relaied conditions. The incorne the charity receives is approximaiely equal ill value to the gix)ds or seThi¢es supplied by the charity to the Pu￿hase Inco￿¢ from a non-exchange transaction is kne the charity receives value from the d¢)nor without providill8 equal value in excknge, and includes donahotL8 of nwy. g(M)ds atKI services freely given Mrythout giving equal value in exchange. ID¢ome ree•)gllitjOD Income. Mthether fro￿ exchange or non-exchange tsawaciions, 15 re¢ognised in the stsiement of financial activities (SOFA) on a receivable basis, when a transactioll or other event results in an increase in the charitys asseis or a ieductL¢)n 111 Its liabiliiies and only when the charity h&$ legal entitl¢menL the income is probable and can be measured reliably. a) Grants and donat1￿$ Income re¢ciYed by way of grdnts and doDatiorL5 is included in fvll in the Sthtem¢nt of Financial Activitses when receivable. In¢ome subject to tern￿ and condiiions which musi be met before the charity is eniitled to the resource5 is noi recognised until the ci)ndiiions have been meL b) Invesmieni Income Investtnenl inc¢)me is included when receivable. ) Charitable activities Incoming re.wurces frorn chaTitsble activities are accounted for when earned. d) Renthl incorne Rental income is recognised wqhen the conwy is entitled io receive income based on the ¢ontractual agreemeni in force. All income 15 accgun*d for gross, before dedu¢ting any relate fees or costs. Page 19 continued...

MARSH FARM FUTURLS NOTES TO THE FIN'LTCIAL STATEJMENTS- eontinued for the Year Ended 31 MARCH 21124 ACCOUNTING POLICIES- eontinued Gift Aid The income and any associated Gift Aid or other w r¢fimd rtteiv¢d by the charity in the nature of a gill is accounted for on the salue basis as a dollation. Expellditure OD goods and service A liability. and the related expenditure, is recogniscd a legal or constru¢tive obligati¢)n ¢xists as a result of past evenL ar￿ when it is more lthely than not that a traTL%fer of ecouomic benefits will be required in settlement. and wthen the atnouni of th¢ obligation can be Meas￿ 01 reliably estirnaied. Liabilities arsing from fimding commitments and ¢onstruttive obli8ations. including perforn)ance relating granLS, thre the timing or the amowii of the fuwre expenditure required io settle tbe obligation are un¢¢rtain, give rise to a provision in the accounts. v/hich is reviewed at the a¢wunting year end. The provision is increased to reflect any increase in liabilities, and is decreased by the utilisaiion of any provision ￿thIti Èbe peri(xl, and reversed if any provision is no longer Tequired. These moveTnenrs are ch￿ged or credited to the respective funds and aeiivities to wllich the provision relaies. Volunteers In accordance with the SORTr, and in recognition of the difficulties in placing a monetary value on the Contrsbution from volunteers, the Contribution from volunteers Is not illcluded ￿lthill the income of the charity. However. the trustees value the Sig￿rICant ¢olltribuiion made to the activities of the clwity by unpaid volunteers and this is described more fijlly in the trustee's annual repon. Allocatlon and ￿P￿rtIon￿eD1 of ¢osts All costs are direcily alliKated to the acrivity to which they rela. Tangible fixed assets All tangible r￿ed assets held for the charitsblc companYs use are initially recorded at Cosi and subsequently measured at cosi les5 accumulated depreciation and accumulated impairnient losses. Depreciation is ralculaied so as to WTite off the cost of an asset. less its eStill￿ted residual value {which is the expected aTnouni that would currendy be Ob￿lDed from disposal of an assei, after deduc¢ing the estimaied costs of disposal, if the asset were already of the age and in the co￿J1¢10￿ expected at th¢ end of its wful live) over th¢ estilllated econollLÈC usefvl life of respective assei as follows..: Plant and machinery FIX￿r¢S and fittings - Styaight line over 4 years - Straighi line over 8-10 y¢4rs Freehold property is not being dcpreciaied on the basis that the Tr￿tte$ estin)ate the property is being maintsined to a g¢)od level of repair wlu.ch results in the expecitd residual cost to be at least the Ix)ok value. No prosrysion has been n￿de this year for depreciation of le￿h0]d improvements. The tnJs(ees ar¢ of the opinion that the residual amouni of the leasehold improvements would no¢ materially differ from ihe carrying value of that cl&*5 of a&sets. Taxation As a registered ¢hwity. the organisation is exempt from income and corporation t&x to the extent that its income and gains ar¢ applied tOW￿rdS the ¢haTitable objects of the charity ond for no other purw)se. Value Added T&x is recoveTable by the Fund aecountiD¥ Unrestricted ￿ndS can be used in a¢cordance with the clwitabl¢ objec11v￿ at the discreu¢)n of the ttustees. Restricted fimd5 Can only be wed for partI￿l￿r restricted purFK>ses wÉthin the objects of the charity. Restrictions arise when SPttTfied by the donoroT when fimds are rdiscd for particular r￿trIcted purposes. Further explanaiion of the nattwe and purw oleach fiMMJ is i￿luded in the notcs to the ruW￿la1 statements. Page 20 continued...

MARSH FARM FVTURES NOTES TO THE FTh A￿CIAL STATEMENTS- conttDlled for the Y¢ar EDded 31 MARCH 2024 ACCODT4TING POLICIES- contlDtted PeDsioD costs and other ptsst-retirement ￿meri19 The charitable company opeTrtes a defined coDtribuiion ￿nSiOn scheme. Contributions payable to the charitable companys pension scheme are ¢harEed to the Sthment of Financial Activtties in the period to whxch th¢y relaie. Debtors tkbtors are mea￿￿ed at their recoverdble amounts at the balaKC sheet datr. Creditors and provisions Creditors and provisions are recognised Mthere the cbarity has a present obligation resulting from a past evenl that will probably resuli in the tra￿$(er of funds to a third party and the amouni due to settle the obligation can be measuied or esiimaled reliably. Creditors and provisions are oom)ally recO￿lIsed at thear settlement amouni after allowing for any trade discounts. Financi31 instruments cash and bank balxnces Cash held by the charity is included ai the amount ￿DjaIlY held and counted at the year end. Bank balances, whether in Credii or overdrdmryj, are shoThTr at the amounts properly reconciled ￿ the bank stalements. Financial instru￿ts are mea5UTed as fair value. In the case of unliS￿d itivestments they are valued at cost less impairnieni. Wlnding up or dissolutlon of the eharity If upon windin¥ up or di&wlution of the ¢han"ty there remain any assets, after the sattsfaciion of all debts and liabilitle5. the a.%sets represcllted by the accumulad fillld sball be transferred w some other charitable body or bodies having sfftmilar objects io the charity. Golllg ConcerD The twsiees believe thai the clwity is a going concern and that no maierial ￿￿ertaIntieS exisi. The trusiees have used the current Teserves p051tion aad ongoing contractt]al rem agreements to assess this. DONATIONS AND LEGACIES 2024 2023 DonaiLOll5 Grdnts 5.227 28,966 3.007 5,588 34,193 8,595 Grants r¢¢eived. included in the above. are as follows.. 2024 2023 SEMLEP grani Bedfordshire & Luion Communtty Foundation (grant for Windrush- School Engagement workslM)ps and exhibiiionl Bedfordshire & Luton Community FoundaiioD (MFF Comtuunity Fridge) Be Active {Togeiher Fund) for Marsh Fami ID Bl¢)om program￿ (Gei Outdoors Group alld Holiday Group) Active Luton (Energise Luton Holiday camps) 5.588 2.963 5.588 9.914 5.948 4.553 28,966 5,588 Page21 continued...

MARSH FARM FirruRLS NOTES TO THE FIfyA)CIAL sTATE￿lE￿'TS- to￿tin￿ed for the Year Ended 3J MARCH 2024 CHARITABLE ACTIVITIES 2024 2023 t£tÉing of property forcharitable purposes Futures Fun Factory Café Income 514,371 122.586 58,620 451,975 116.731 55.768 695.577 624,474 tNVESTMENT tNCOME 2024 2023 Deposit account interest 5,898 3.354 CHARrfABLE ACTIVITIES COSTS Support costs (see note 6) Costs Totals Cl￿rItable trading Costs Project expenses 422,342 74,369 443.539 865.881 74,369 496,711 443.539 940.250 SUPPORT COSTS Financial, l¢gal and Premi￿5 Administrative professional expenses overlNds cos GovernaDce Totals charl￿ble tradmg costs 402,642 18,094 12,103 10.71)0 443,539 Support Costs. included io the above. aTe as follows: Premises expenses 2024 Charitable trading cos 2023 Totsl actlVLties Wages Social security PeLsions Rates and water Insurdn¢e Light and heat Cleaning and waste nmgement Building maintenance Security Accountaury Advertising 56,985 11,854 ,752 22.514 11,066 218,108 30,160 25,652 20.712 485 216 60.560 4,546 1218 3.020 10,872 123.785 32.817 82,612 17,562 4.653 Carried forward 399,504 341,645 Page 22 continued...

MARSH FARM FL TURES NOTES TO THE FINANCIAL STATE4qENTS- continued for the Year Ended 31 MARCH 2024 SLPPORT COSTS- contAnutd Premises expeD5¢5- Continued 2024 Charithble trdding costs 2023 Total aciivitie5 Brought fon Premise5 repairs. renewals Landscaping costs Depreciation of tangible fjxed assets 399,504 341,645 24,008 1,013 2.231 1,7(K) .438 402,642 368,897 Administratlve overheads 2024 Clwitable tradI￿g costs 2023 Total activities 3.933 1,941 3,002 591 8,627 Telephone Posthge and stationery Sundries Software licences and expeD5CS 3.677 2,047 2.552 640 8,057 18.094 16,973 Flllafjeial. Iwl and professional eost5 2024 Charitable Irading osts 2023 Total activities Legal and professional Meeting expenses Accountancy Bank charges 6,149 1.020 4,412 522 5,594 855 5,061 921 12.103 12.431 Governance costs 2024 Charithble trading cos 2023 Total activities Auditors, remunerdtio Audiiors, rernuDeraiion for non audii work 8.0 2,71K) 7,500 6,510 10.700 14,010 Page 23 continued...

MARSH FARM FUTURES NOTES TO THE FIliAP'CIAL STATEMENTS- CODtiDued for the Year Ended 31 WCH 2024 NET INCOME1{EXPEND￿uRE) Nel in¢omellexpenditure) is sMied aficr Chargin￿(credIting)'. 2024 2023 Auditors. remunerdtion Auditors, remunerJtjOD for non audit WOTk Audit rem. under accnjal iu previous year5 D¢preciaiion- a￿ets 7,500 2,500 4.010 13,405 2.700 12,614 TRUSTEFS. RE￿u￿,ERAT1oN AF'D BENEFITS There were no trustees, remu￿ration or other benefits foT the ye4r ended 31 March 2024 Dor for the yeu ended 31 March 2023. Trustees, expeDSe5 There were tw trust¢e5' eApeTh5es paid for the y¢ar etyjed 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 2024 2023 Wages and salaries Social sea￿lty COSIS Other pension Costs 357,771 34,813 8,420 340,675 28.985 6,085 401,004 375.745 The average rnoDthly number of emplo)E¢S during the year w&$ as follows: 2024 16 2023 Stsff Th¢ number of employtts ￿OSe enwloyee benefits (excluding employer peosion costs) exce¢ded £60,000 was.. 2024 2023 £ioo,001- £1 10,000 io. COMPARATtVES FOR THE STATE.MENT OF FINANCIAL ACTIVTTIES Unrestricted R¢stricted fimds Total IP4COME thD E.YDOIv￿IE￿Ts FROM Donations aad legacies 3.(M)7 5.588 8.595 Clwitable aciiviiies Investment incorne 624.474 3,354 624,474 3.354 Total 630,835 5,588 636.42J EXPENDrfLryiE ON Charitable aeiivities Clwitable tradtng costs 819,324 5,588 824,912 Page 24 ontillued..

MARSH FARM FUTURES NOTES TO THE FI￿ANCIAL STATEMENTS- contlttued for the Ye•r Ended 31 MARCH 2024 io. COMPARATIVES FOR THE STATEMENT OF FINLYCIAL A￿[vITIEs- continued Unrestricted Restricted Total Project EXpe￿5¢S 47,666 47,666 Total 866,990 5,588 872,578 NET INCOMEI(EXPENDITURE) (236,155) 1236.1551 REcof*CILIATJO.N OF FLNDS Total funds brought fonyard 5,046,529 3,584 5,050,113 TOTAL FtTr4DS CARRIED FORWARD 4,8 IOJ74 3.584 4,813,958 ii. TAP4GIBLE FIXED ASSETS Fixtures Free1￿]d prop¢rry Leasehold Plant and IInproveinents machinery ftttings Totals COST At l April 2023 AdditioL% 3.000.0(K) 7,394 55.001 1.7(M) 89.404 3,151.799 1.700 At 31 March 2024 3.000,000 7.394 56,701 89,404 3,153,499 DEPRECIATION Ai l April 2023 Charge for year 52.361 1,439 11.175 11,175 63.536 12,614 Ai 31 March 2024 53.800 22,350 76.150 YET BOOK VALUE At 31 March 2024 3.000,000 7J94 2,901 67,054 3.077,349 Ai 31 March 2023 3.0(M).IMM) 7.394 2.640 78.229 3.088.263 12. DEBTORS: AMOUNTS FALLING DUE IVITHIN ONE YEAR 2024 2023 Trdde debtOTS Prepaytnents and accnjed ittCOD 180,230 13.623 149,819 15.705 193,853 165,524 Page 25 continued...

NOTES TO THE F￿N￿￿C1AL STATEMEfTS- CODtiDued for the Yelr Ellded 31 ￿lARCH 2024 13. CREDrfoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trdde creditors Social security and other tsxe5 VAT Other creditor5 Deferred incom¢ Accrued expenses 32.648 10,711 18,498 74,674 128,053 24,028 151,132 10.053 14,689 75.187 151.405 27,533 288.612 429,999 DEFERRED INCOME Renthl Incotne Grdnt Income Deferred In¢¢)me brought for*￿ at l April 2023 IncorniDg resources deferred in the CUTrent year Amounts rele&8ed from previous yeaTS 112,401 94,442 (112,401) 39.(K)3 (5,588) Deferred Income carried forward * 31 Marcb 2024 94.442 33,415 Renthl tncome is deferred to ll￿1¢h in¢ome again￿ the peri(d li relate5 to. Grdnt income is deferred in accordaT￿t with the d4￿1allOn policy of the capital item it related to. This will be written off against depTe¢iation over 10 yea Page 26 coniinued...

MARSH FARM FirruRES NOTES TO THE FINANCIAL STATEMENTS- eoDtIDued for the Ye*r Ended 31 MARCH 2024 MOVEMEI¥T IN FUNDS Net movement in fi]nds At 31.3.24 At 1.4.23 Unre5trieted funds General fi]nd Designated- Capital Investsnent Programme Designated- Sinking Fund Designated- Business Continuity Designated- Project Investrnent Designated- Large Scale Capital Projeci DesLgnated- FuDJres House 491,321 (227.960) 263.361 77,000 450.000 100.O(MJ 50.IM)O 642,053 3.000.000 77.000 450,000 100,000 50.000 642.053 3,000.000 4.810.374 (227.960) 4,582,414 Restricted futtds Better Futurcs Programn Bedfordshire & Luton Community Foundation (grant for WindnJsh- khool Engagerneni workshop5 and exhibition) Bedfordshire & Luton Commutiity Foundation IMFF Community Fridge) Be Active (Together Fund) for MaT5h Farni in Bloom programme (Gei Outdix)rs Group and Holiday GTOUP) Active Luion (EtL¢rgise Lutott Holiday camps) 3,584 3,584 2,963 2,963 9.914 9,914 5,948 5,948 4,553 4,553 3,584 23,378 26,962 TOTAL FUNDS 4.813.958 (204,582) 4.609,376 Net rwvement in W included in the aimive are ag follo Incoming Movement in funds expended UDrestri£ted funds General fund 706,702 (934.662) {227,960) Restricted funds SEMLEP climbing wall grant Bedfordshire & Luton Community Foundation (grant for Windrn5h- sch￿)1 Engagerneni workshops and exhibition) BedfoTdshire & Luton Community Foundation IMFF Comrnuntty Fridge) Be Aciive (Together Fund) for Matsh Fatm in Bloom prtsgrdrnme (Get Outdoors Group and Holiday Group) Active Luton (Energtse Luton Holiday camps) 5.588 (5.588) 2,963 2,963 9.914 9,914 5,948 5,948 4,553 4.553 28.966 (5.588) 23.378 TOTAL FUNDS 735.668 1940,2501 {204,582) Page 27 ¢oniinued...

MARSH FARM FUTURES NOTES TO THE FIP*ANCIAL STATElblETr4'TS- colltinued for the Ye¥r Euded 31 NIARCH 2024 14. MOVEMENT tN FUNDS- eontinued Comp#ratiYes for movement ID funds Nei movement in funds At 31.3.23 At 1.4.22 UDrestritted fuDd$ General filnd Design3ted- Capitsl Investment Progrdmme Designated- Sinking Fw)d Designated- Business Continuity Designaied- Project InvestsiKnt Desigllaied- Large Scale Capithl Project Designated- Futtwes Ho￿￿e 727.476 (236.1551 491.321 77,0(KJ 450.000 100.000 50,(H)O 642.053 3.(KJO,000 77,000 450.000 l(K),QOO 50.000 642.053 3.000,000 5,046,529 (236.155) 4,810,374 Restricted fllnds Better Futures Progratt￿le 3J84 3,584 TOTAL FUNDS 5,050,113 (236,155) 4,813,958 Comparative net tD)vement in fund& included iti the above are as follows.. Incoming Resources resources expended MoY¢D]ent in fimds UnTe5tricted funds Genernl fijnd 630.835 {866.990) (236.155) Restricted funds SEMLEP climbing grant 5,588 {5,588) TOTAL FUNDS 636,423 1872,578) {236,155) Page 28 continued...

mA1￿H FARM FLryURES NOTES TO THE FINANCIAL STATEMEP4TS- toDtinued for the Year Ended 31 MARCH 2024 14. MOVEMENT IN FUNDS- tontiDued A current year 12 llK>nths and prior yw 12 combined FX)sition is as follows.. Net movement in fJnds At 31.3.24 Ai 1.4.22 Unrestrieted funds General fund Designated . Capital InveststLeDi Progrdtnme Designaied- Sinking Fund Designated- Business Continuity Designaied- Project Investment Designated - Large Scale Capitsl Project Designated- Fu￿reS House 727,476 (464.115) 263.361 77,( 450.000 100,000 50.000 642,053 3,OIK),000 77,000 450.000 100,000 50,000 642,053 3.000,000 5.046,529 Restricted funds Beiier Futures Programme Bedfordshire & Luton Conununity Foundation (grant for Windrush- School Engagement wotishops and exM"bition} BedfordSh￿t & Luion Con)munity Foundation {MFF Community Fridge) Be Active (Together Fund) for Marsh Farni in Bloom progran]me (Gei Outdoors Group and Holiday Group) Active Luion (Energise Luton Holiday camps) (464,115) 4,582,414 3,584 3,584 2,963 2,963 9,914 9,914 5,948 5,948 4.553 4,553 3.584 23.378 26.962 TOTAL FUNDS 5,050.113 {440.737) 4,609.376 Page 29 continued...

NOTES TO THE FINANCIAL STATENIENTS- coDtitiued for the Yexr Ended 31 NIARCH 21124 14. MOVEMENT Ir4 FUNDS- toDtin￿ed A current year 12 O￿nthS and prior yeaT 12 months cornbilled nei movement in funds, included in the above are as follows.. Incoming Restsurces Movement in funds UDrestri¢ied funds General fi]nd 1.337537 (1.801,652) (4(vl,115) Restricted funds SEMLEP climbing wall grant Bedfordshire & Luion Community Foundation (grant for WindnJsh- School Engagement workthops and exhibilion) Bedfordshire & Luttsn Community Foundation IMFF C¢)rnmunity Fridge) Be Active (Together Fund) for Marsh Farni in Bloom progratllme (Get Outd(xTrrs Gro and Holiday Group) Actiye Luion {Ellerwse Luton Holiday camps) 11.176 (11.176) 2,963 2,963 9,914 9.914 5,948 5.948 4.553 4,553 34.554 (11.176) 23,378 TOTAL FUNDS 1.372,091 (1.812,828} {440,737) 15. RELATED PARTY DISCLOSURFS There were no related parry transactions in the current and prior financial yeaT. 16. LEASING AGREEMENTS Minimum lease receipts fall due as follows". 2024 2023 Net obligations receiv¥ble: Withhn one yeaT Between one and five year5 328,716 551.085 342,806 771.602 More than five years 115,607 995,409 1,114.408 Marsh Farn) Future5 Limited lease units within Futures How, to Triarious external ￿nants. Page 30