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 FINAf*CIAL 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
B*laDce 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 tuain*nance 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 fin*ncial 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￿1*n& 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 m*eria] 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¢gul*ion 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 oper*iitig 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 eqMiv*leDts
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'LT*CIAL 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 Sth*ment 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 accumula*d 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 STATEMEf*TS- 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