2025-03-31-accounts

Charity Registration Number . 1147015 Company Registration Number '. 07474198 CULTIVATE LONDON LTD. A COMPANY LIMITED 8Y GUARANTEE TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CULTIVATE LONDON LTD. LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Trustees D A Larkam S W Pocock A X Shi (resigiied 2 Oclober 2024} SJWard N l Kilby M Meisels (appointed 24 April 2024) Charity Number 1147015 Company Number 07474198 Registered Office Plant Nursery Hanbury Road London W3 8RF Secretary D A Larkam Indepondent Examinér Keves & Hitsuji Ltd UnitA 82 Jsmes Carter Road Mildenhall IP28 7DE

CULTIVATE LONDON LTD. CONTENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees. Report Independent Examinerfs Report statemenl of Financial Activllles Balance Sheet Notes to the Financial Statements

CULTIVATE LONDON LTD. TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial sta12ments for the year ended 31 March 2025. Trustees. report and financial slatements The trustees. who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial stslements of the charity for the year ended 31 March 2025. The Annual Report serves the purpose of both a Trustees, Report and a Directors, Report under company law. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements. the requirements Df the charity s governing documents and the provisions of the Statement of Recommended Practice {SORP) applicable lo the charities preparing their accounts in accordance with the Financial Reporting Standards applicable in Ihe UK and Republic or of Ireland (FRS 102) (effective 1 January 2019). Since the charity qualifies as small under section 382 of the Companies Act 2006. the strategic report required of medium and larg8 companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. CHAIR'S REPORT Cultivate London Is a unlque social enterprise whlch uses the power of hortlculture, access to nature and the energy of collective endeavour to support and enhance urban communities who have limited acc8SS to green space and 'h8nds on, experlences. The team at Cultivate London create and maintain dynamic, sustainable, enjoyable innovative community garden spaces. We use these as a base from which to reach out into the local community, giving children, young people and adults of all backgrounds and abilities a chance to get involved in gardening, meet new people and gain contact with nature. Cultivate London has for another year shaped and enhanced many lives. We use our sites as hubs hosting workshops for local community members and schools, and we also visit groups and schools and help them create and care for their own spaces. We demonstrate, inspire, provide self-confidence, and train people to care. Through this we provide access to cpportunities for wellbeing, friendship, connection and health for a wide range of members of society of all age groups and backgrounds. As a responsible social enterprise, we provide learning. training and Work for those with less opportunity Ihan others, providing a critical step up into careers in green skills, which continue to grow in demand. Cultivate London is there for the whole community. It is with pride th81 we can look backthis year at projects where we helped galvanise and supporl local residents, community groups and stakeholders to enhan￿, create and manage community green spaces and gardens. We engaged 100s of people in our community gardens and 100s of children and young people in our programmes delivering to schools and education providers across West London.

Our evolving innovative hybrid commercial model provides landscaping services to property developers, local authorities, hospitals and consortiums, such as our work with The London Borough of Ealing, we were very pleased to have delivered the first planting elements of the Visions for Northolt regeneration project. The enhancements completed so far are part of £1.3million of highways work due to be completed in spring 2025 to make active travel, such as walking, cycling, scooting and jogging easier in Northolt. Cultivate London was also very proud to have been chosen by the Old Oak and Park Royal Development Corporation to work alongside JCLA design to transform a vacant triangle of land on the edge of Acton and Park Royal into a woodland landscape echoing the Middlesex countryside now referred to as The North Acton Triangle. We continue to provide a professional landscaping service while offering opportunities for IoGal residents, and staff, to get involved and get their hands dirty. During 2024-25 the Board worked hard on strategy and structure. with the aim of having confidence that we could direct energy across both our core aims of growing the capacity of our commercial fund-generating business. while also refreshing and growing our vital community projects. A new management structure was developed, with Auberon Bayley moving to Director Commercial and Sustainability, and the creation of a new Director of Community and Young People role, now filled by Louise Briggs. All aspects of the charity are now driven through these two roles. We intimately recognise the seasonal and cyclical nature of the space in which we operate horticulturally and in funding programmes. These Gycles create challenges as demand for our commercial work drops during winter and grant programmes which support a programme in one year are removed in the next. both We aim to address this in our reserves policy and through building a slabilising baseline commercial landscaping income which is less seasonally dependent and provides unrestricted funds. During 2024-25 we had a balance of r8Stricted funds (mostly grant income) lo unrestricted funds of 8.3 % restricted to 91.7 0/0 unrestricted. In closing, I would like lo thank our Director of Commercial and Sustainabilily, Auberon 8ayley, who worked 30 hard during the Gourse of the last year supporting the transition of the structure of Cultivate London whlle developing some truly innovatlve commercial programmes wlth clients. And I would like to welcome Louise Briggs, our new Director of Community and Young People, who has demonslraled such energy in looking to bolster and then innovate on our community charitable aims. I would like to offer special Ihanks to our hardworking and dedicated slaff, usually found working outside in all weathers. You 811 should be very proud of the positive differènce thatyou make to the lives of local residents, children and communities in which we work. I would also like to thank our trustees. volunteers. donors and supporters who give their own time, energy and money to care for our gardens and lo improve the lives of others. Chair OBJECTIVES AND ACTIVITIES Aims and Objectives

Aims Cultivale London's mission is to develop a commercially sustainable and scalable offering to ensure continuous support of.. 1. The individual to be better equipped to Identify and sustain suitable employment whilst building confidence and connèction through increased knowledge, capability and opportunity. 2. The community through creating social cohesion with shared appreciation for green spaces and education in the power of horticulture and green Spaces. 3. The environment by increasing biodiversity in public and commercial spaces to help reduce the impact of climate change whilst creating new andlor enhancing green spaces for local residents in London. Objectlves 1. To use the power of horticulture and developing green spaces to support and enhance local communSties. 2. To provide opportunities to learn, train and work to disadvantaged individuals, community groups. individuals and school groups. 3. To generate appreciation and engagemenl in green space and its preservation 2024-25 Objectives Th8 objectives for the year were- 1 . To fulfil our core objectives. 2. To continue to focus on community-engaglng, commercial landscape gardening and malntenance offering, along with an extension to domestic, and utilise the progress in this area to increase our offer for the grant funded community projects. 3. To continue the development of our new DIG community garden in Hanwell, Ealing a5 a centre for community gardening and engagement with nature, building on the successful model developed wlth our Salopian Garden, Hounslow. 4. To improve our links with local authorities, housing associ8tions, housing estates, local development C￿sortiuMS needing landscaping and horticulture contracts. 5. To review our charlty team structures to ensure that we are In a position to take full advantage of all commercial and grant and community opportunities that arise. Public Benefit The Trustees confirm that reference has been made to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charily's aims andobjectives, in planning future activities and in setting the policies for the period. ACHIEVEMENT AND PERFORMANCE Charltable actlvllles 1. Introduction

During this peiiod we worked regularly across our own Salopian Gardens, Isleworth {LondDn Borough of Hounslow) and the DIG Garden, Hanwell (London Borough Df Ealing) along with a widerange of community sites, several commercial sites, and many private gardens. Tha divèrsity of th8 spacès th91 wa work within and the rang& of audiences that we can therafor& raach, are amor)gst our proudest achievements. Thls number of sites and projects allowed us to Interact and work with a wide range of people. Just as example.. We supported over 25 community gardens and spaces across Ealing and Hounslow Over 400 adults gardened with us over the year at our community gardens.. The Salopian Garden in Isleworth and The DIG in Hanwell, and at the 25 other locations where we lead community gardening. We supported 10 school gardons with regular gardening sessions from early years to senior schools 4 schools in Ealing were supported with 32 sessions reaching 261 children in our OVO o Foundation ecoschools project within Ealing. 6 schools in Hounslow benefitted from 80 workshop sessions as part of ongoing Thriving Communitie3 grant funding from London Borough of Hounslow. We provided 75 8e38ion8 completing a Hounslow Thriving Communities funded project (Circular Schools) promoting the circular economy. This allowed 75 Students including larger groups of primary school students and smaller groups of students with SEND or mental health challenges to garden and leam in green spaces. We also commenced a new Thriving Communities project to develop school gardens in close proximity to newly eslablish8d Gommunity gardens in support of the council's Grow for the Future programme. 2. Our Communlty Gardens - Provldlng Welcomlng Spaces A. Salopian Gardens, Isleworth, TW7 A well establi5h8d community garden thal is op@n 8very Wednesday. The garden provides a therapeutic space for local residents recovering from mental health issues and the IoGalMental Health recovery team regularly refer clients into the garden. It is a learning hub for people who are starting their journey into horticulture and has provided valuable voluntary work opportunities to allow access to apprenticeships with other organisations. Other groups use the garden on a Wednesday to provide workshops such as Plant Dyes witha textile artist, Hounslow Seniors Festival Pizza Making, scout group visits, Caley Brothers mushroom farm photo shoot and community open days. The volunteer days are led by our Director of Community and Young People and her team. On Sundays, the garden hosts a long-standing Sunday Arts Community Group of 33 local members who work together on creative projects inspired by the garden. The garden is an "OUTSTANDING example of a community growing space. as evidenced by our being awarded the London in Bloom awards in 2022, 2023, Aulumn 2024 in the "Its Your Neighbourhood" category.

B. DIG, Hanwell, W7 Our new site was acquired in May 2021 Ihrough successful funding in a Mayor of London l Ealing SpaceHive community funding campaign raising over £32,000 from more than 70 backers, including the Mayor of London and Ealing Council's Future Ealing Fund. We received the keys lo the sile in June 2022. and 2024-2025 saw us continue the transformation and renovation of this large, very overgrown. garden space. Our aim for this space is to develop the space as a community allDtment for local people lo enjoy growing fruit and vegetables together. Surplus produce donated to The Store Cupboard in Ealing, providing extremely affordable food as a Not for Profil Food shop When not in use by Cultivate, the space is also opened to communily groups as a low-cosl space to meet. We plan lo continue to develop the spèce as an asset for the local community in and around Hanwell. Throughout Ihe year, we run a weekly volunteer day for a diverse group of local people on Mondays. On Wednesdays there is a weekly curated session for NHS Perinatal clients and a Carers group. DIG hosted a number of Corporate Volunteering days lo support the regeneration of the site. Organisations included Disney and Clarion Housing Group with over 160 attendees. In Autumn 2023, DIG was awarded the "Establishing" award in the London in Bloom Awardsin the "Its Your Neighbourhood" category. By Autumn 2024 DIG wa$ commended as an "Advancing" garden in thosè same London in Bloom Awards. C. Hanbury Road, Acton, W3 This is our sile within the Acton Gardens estate. This site also provides a base for the garden services team and a point from which Cultivate London engages with local partners including Ealing Council. Using funding from the Ealing Pioneers grant and working with partners LEAP we will be deploying a closed loop growing System collecting green waste from the Surrounding area and using an anaerobic system to convert il into feed and compost. The project was kicked off with several large partners (LEAP, University of West London, Countryside Homes). A5 of October 2025 the project is progressing. with installation of the LEAP Biodigester, and planning for the introduction of innovative programming to trial new methods food wasle recycling and sustainable living with the Bollo Lane Developments community to begin in early 2026. We are very grateful to Ealing Council and Countryside Partnerships for supporting our presence within the Acton Gardens estate. 3. Supporting Schools, Children and Families

School activities are linked to curriculum objeclives and put the student needs at the forefront of the planning. Communication prior to school visits enables these sessions to be tailored to the needs of the specific students. A. Clrcu12r Sehools - Hounslow Thrlvlng Communltl4É 24-25 - Opportunltlos for Hounslow School Pupils Thls year, we expanded our schools outreach sesslons, Gommenclng a new Thrlvlng Communlties program developing dilapidated school gardens at a Hounslow Primary and ata Secondary school (Rosary Catholic Primary School and Lampton SGhool). This allowed us lo reach 50 children over a long period, leaching them how to grow fruit and veg and developing Iheir knowledge of biodiversity and composting. This Thriving Community project also established 4 new community gardens on estates closeto the school gardens creating a synergy where adults, families and children were encouraged to meet. learn to garden and eat fresh produce. Through this, we helped develop stable community groups and promoted pride, B. Hounslow Larnpton Park Cornrnunity Allotment We were dellghted this year lo assist the London Borough of Hounslow to contlnue developlng the Lamplon Park Community Allotment in support of their multi-year Grow forthe Future programme. We ran 2 sessions a month across the year helping a thriving group of around 25 volunteers lo grow frult, vegetable and herbs In Lampton Park. The sessions were also designed to glve Ideas of ways to grow plants al home on balconies and gardens: developing green skills and capacity building within the communlty. This look gardening sessions to a diverse group of adults who might not have opportunitiesto connect otherwise and developed civic pride, amenity and interest in this well used public park. C. OVO Energy Schools programme In Eallng The Ovo Circular Economy grant was awarded to Cultivate to provide schools in Ealing with guidan￿ on how ID create sustainable growing spaces. Educational sessions were provided lo teach studenls about food growing and recycling green waste lo benefit the environmentand create fertile, biodiverse soils. Four schools ranging across Early Years and Primary benefited from 32 sessions, reaching over 260 children. 4. Supporting the community Our Salopian and DIG gardens host weekly programmes utilised by the community already described previously. Along with these we run a wide range ofoutreach discrete projects. Her8 are a coupl8 of examples: A. Midland Terrace- Engaging local residents, Ealing Council

In partnership with Ealing Council and the Old Oak and Park Royal Development Corporation, a project was iniliated lo develop a dilapidated playground that had fallen out of use. The space is in close vicinity to the HS2 construction zone, where local residents have been disproportionalely affected by noise and disruption. Cultivate London provided contract landscaping to prepare the space and a community planting day lo start to build local involvement in this exciting redevelopment. B. Dean Gardens- Engaging Resi(lents with their Parks. Ealing Council In Ealing, working with the Council, we continued to engage with the local community at Dean Gardens, a busy focal point in West Ealing. The goal for this project is lo change the perception of the park and engage the local community. We ran regular community drop-in volunteering sessions across the year, working on projects which helped make the park feel more welcoming and safe. and reconnecting local people positively wilh the space. 5. Landscaplng Plus - Provldlng beautlful surroundlngs and engaglng the Communlty Landscaping Plus involves creating and carlng for commercial spaces while also ensuring that there are many opportunities for the local community, residenls and employees to get involved, to help influence and improve their own spaces. These programmes also providevolunte8ring and apprenticeship opportunilies, providlng training for youThJ people, During this year we initiated a very successful programme with the London Northwest Healthcare Charity voted for by the staff of Ealing Hospital and Northwick Park Hospital. The programme envisages renovating prominent green spaces around both hospitals, creating biodiverse, relaxing and healing spaces for wildlife, staff and patients. In the spring of 2025, we commenced work on the first phase of this 3 year project at Ealing Hospital with our commercial team cutting turf around a bsrren carpark creating flowerbeds and a newly fomed group of 15 community volunleers and NHS hospital staff gathering to sow wildllower seeds Iher2. This project will nDW continue for 3 years expanding to other areas across Ealing Hospital and Norlhwick Park Hospilals. FINANCIAL REPORT. STRUCTURE, GOVERNANCE Cultivate London runs on a mixed model of trading income and grants and over the last few years we have increased the trading income percentage compared to restricted grant funding,. 92CA* granlltrading 75Yo 2024125 2 0 2 3124 3 5 0/, 330/D 670/0 in 2021122 65.1 2 0 2212 3 Income

Incotne Total income for Ihe year was £419.870 (2024: £361,220). of which £34,740 (2024: £91,223> represented restricted grants, £24,379 unrestricied grants and donations12024: £32,419) and £360,751 (2024: £237,578) represented income from charitable activities and Dther income. Expenditure Total resources 8xpend&d for th& year were £393.072 (£49,972 restricted and £343,100 unrestricted)- This compares to total expenditure of £327,714 {£93,869 restricted and £233,845 unrestricted) in 2024. The main expenditure of the organisation is the salaries of staff who are engaged as management, support staff, session leaders, horticultural specialists and apprentice gardeners, These are supplemented on a per project basis by freelance staff. All costs for specific projects must be raised separately, mainly from grant applications or unrestricted income raised through landscaping and maintenance contracts, corporate team building days, fundraising events, and other local fund raising. Reserves policy Reserves are relained with Ihe intention of.. Ensuring up to 3 months staff salary and operational costs can be rnel, and Worklng capit81 belng sufficlent so that, wlth fluctuatlng Income, It allows for st8blecontlnuatlon of project d81iv8ry. As of 31 March 2025 the charity frée reserve f811 short of thé desired lev81. The Board reviewed Ihe Reserves Policy during 22-23 and again during 23-24 and in 24-25 it was continually under review within the Management Committ2e, guiding our structural and strategy changes. We recognise the seasonal nature of the space in which we operate - both horticulturally and in funding programmes and that this seasonality create5 challenges. We must work harder during the summer months with an eye on raising sufficienl unrestricted funds to cover the leaner winter months. We must manage costs to ensure unrestricted funds can be moved into reSe￿eS. The rebalancing of income from 33 % 670/0 Irestricted grant .' Iradingl in 2021-22 10 25 /0 75°/D in2023-24 and to 80/0 920/0 in 2024-25 is a reflection of the Board's work on this issue. The Board will Gonlinue to ensure our reserve is refleGtive of the environment in which we Gurrenlly operate and will Work to continue to adjust the balance of income generation towards increased unrestricted funds To proactively budget income from such projects to top-up the reserve until it reaches the target levels described above To closely monitor and manage costs to further aid building the reserve The Charity seeks to ulilise all restricted reserves on the defined projects within the specified timeframe.

FUTURE PLANS Cultivate London aims to consolidate our position as a catalyst and support hub for helping groups and individuals within the community to develop growing spaces and to engage with nature where they live. Cultivate London will work to create a solid foundation from which lo build financial stabililyby expanding our landscaping offer across commercial and domeslic. We will do this by increasing our capacity and efficiency, utilising our home grown resources. We will differentiale ourselves froni commercial landscaping companies by emphasising the unique communily benefits that using Cultivate London provides: opportunities for local residents to tske part in caring for their local area and, where funding allows, the operation of apprenticeship schemes to grow green skills. Cultivate London builds capacily. Cultivate London will maintain Ihe ratio of income earned through commercial projects from grant funded 2ctiviti@s. This unr8slrict@d income will bp LJS@d by Cultivate London to intr82S@ our r@S8lV8 lev@Is. We will retain our core sites for activitl8s at Acton Gardens (Hanbury Road, Actonl, Salopian Gardens (Isleworth) and DIG {Hanwell). These will act as Gommunity hub3 to support local people, Iraining hubs lo develop green skills, and demonslralions of best practice. They continue to act as our "shop window- and the base from which we can reach further intothe communities we work within. STRUCTURE, GOVERNANCEAND MANAGEMENT Governing document Cultivate London Ltd. is a company limited by guarantee with no share capital incorporated on 20th December 2010 and governed by Its Articles of Association dated 20thDecember 2010. which were amended in March 2012, September 2020 and January 2021. Appointment, induction and training of Truslees All appointments are made by Cultivate London. Selection of Trustees is made on the basis of the need to fulfil Cultivate London's leg81 obligations and to reflect the skills required 81 bo8rd level and the community in which Cultivate London is based. Trustees may serve a maximum of four consecutive terms of three years to the appropriate retirement meeting,before taking a break from office, and may not be re-appointed for one clear year. Trustees may join the committee at any time as observers and may be elected to the Management Committe8 al a subsaquant meating. Recruitment has baen via word of mouth and networking opportunities, and will also be via advertisement. In 2026 we plan lo recruit a new tranche of Trustees. Training 15 available for Trustees New Trustees are given copies of the memorandum and articles and Cultivate London's policies and procedures along with a Guide for Trustees. They are encouraged to visit all the sites and to meet staff, and take part in our projects.

Organisational structure Cultivate London is run by a Management Committee made up of Trustees and Executive Directors of the Company along with co-opted Trustees. The coimmittee is chaired by the Chair. The Managemenl Committee is supported by a Finance Committee consisting of the Chair, Executive Directors, and a Director with specific financial experience, supported by appropriate slaff. Additional short-lived Committees are sel up as required to address specifiG issues. Strategic decisions are made by agreement and by voting where necessary with the Chair h8ving the casting vote. Staff are welcome to attend Committee meetings but have no voting rights. Officers. meetlngs are held as necessary to make day-to-day decislons. The Offlcers, meetlngs include the Executive Directors. th8 Chair and other staff and Trustees when necessary. The AGM is usually held in early spring. Day-to-day management Is devolved to the Executive Dlrectors Auberon Bayley (Dlrector, Commercial and Sustainability) and Louise Briggs (Director, Community and Young Peop18) Company Limited Guarantee The Trustees are also members of the company and guarantee to contribute to the assets ofthe corff pany. In the event of being wound up, such amounts as may be required notexceeding £1. The Trustees have no beneficial interest in the company. Trust8es' responslbllltles stalement The trustees, who are also the directors of Charity For Cultivate London Ltd, for the purpose of cornpany law, are responsible for preparing the Trustees, Report and the linancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitsble company for that year. In preparing these financial st81ements, the trustees are required lo- select suitable accounting policies and then apply them consistently., observe the methods and principles In the Charities SQRP; make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial stalements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of Ihe charily and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for Ihe prevention and detection of fraud and other irregularities. Small Companies Note In preparing this report, the Truslees have taken advantage of the small companies, exemptions provided by section 415A of the Companies Act 2006, This report was approved by the trustees and signed on its behalf by: S W Pocock Trustee Dat8 .' 10 December 2025

CULTIVATE LONDON LTD. INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent Examinerfs Report to tho Trustees of Cultivate London Ltd. (Ihe charity,) I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which consists of the statemenl of financial aclivities, balance sheet and the related notes. Responsibilities and basis of report As the charity's trustees {and its directors for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the 2011 Act'> and the Companies Act 2006. Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect I report in respeGI of my examinatlon of the charity'5 accounts carried out under seclion 145 of the 2011 Acl and in Garrying oul my examination I havg followed all the applicable Directions given by the Charity Commission under section 145{5>lb) of the 2011 Act. Independent Examlner's Statomenl The tharity's gross income exceeded £250,000 and your examiner must be a member of a body listed in sectlon 145 of the Charities Act 2011. 1 confirm that l am quslifled to undertake the examlnstlon because I 8m a member of the ACCA which is one of the listed bodies. I have completed my examination, I confirm that no material matters have come to my attention in Connection with the examination which gives me cause to believe that in any material respect: the accounting records were nct kept in accordance with section 130 of the Charities Act and section 386 of the Companies Act 2006., or the accounts did not accord with the accounting records- or the accounts do not comply with the accounting requirements of section 130 of the Charities Act and section 386 of the Companies Act 2006 other than any requirement that the accounts give a 'Irue and fairf view which is not a matter considered as part of an independent examination, or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the charity's Trustees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state lo the charity's Trustees Ihose matters that l am required to stale to them in and Independent Examinerfs repori and for no other purpose. To the fullest extent permitted by law, I do nol accept of assume responsibility lo anyone other than the charity and the charity's Trustees as a body, for my work or for this report. Name: Kathrln Kendall

for and on behalf of Keves & Hitsuji Ltd Date.. 10 December 2025

CULTIVATE LONDON LTD. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Restricled Unrestricted income funds funds Recommended Total Funds Total Funds Notes categories by activity 2025 2024 Income and endowments from.. Donations and legacies 24,379 34,740 59,119 123,642 Charitable activities 354,825 354,825 230,507 Investments 1,089 1,089 Other 4,837 4,837 7,060 Total 385,130 34,740 419,870 361,220 Expenditure on: Charitable activilies 343,100 49,972 393,072 327,714 Total 343,100 49,972 393,072 327,714 Net in¢omellexpenditure> 42,030 (15,232) 26,798 33,506 Transfers batwean funds 3,752 (3,752) Net movomant in funds 45,782 (18,984) 26,798 33,506 Reconciliation of funds: Total funds brought fomard {46,956) 75.535 28,579 (4,927) Total funds carried forward {1,174) 56,551 55,377 28,579

CULTIVATE LONDON LTD. BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 Recommended categories by activity Total Funds 2025 Total Funds 2024 Notes Fixed assets Tangible assets 19,964 28,323 Total fixed assets 19,964 28,323 Current assets Stocks Debtors 10 62,073 44,744 Cash at bank and in hand 83,255 49,052 Total current assets 145,333 93,796 Creditors.. amounts falling due within one year 12 75,864 43,916 Net current assetsl(Ilabllltlesl 69,469 49,880 Total assets less currènt Ilabllltles 89,433 78,203 Creditors.. amounts f811ing due after one year 13 34,056 49,624 Total n8t assots 55,377 28,579 Funds of the Charlty Unrestricted funds 14 (1,174) (46,956) Restricted income funds 14 56,551 75,535 Endowment funds 14 Total funds 55,377 28,579 For the year ended 31 March 2025 the company was entitled to exempticn from audit under section 477 of the Conipanies Act 2006 relating lo small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordan￿ with section 47£. The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act

2006 with respect to accounting records and (he preparation of accounts. These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject lo the small companies regime. The financial statements were approved by the trustees on 10 De￿mber 2025 and signed on its behalf by.. S W Pocock Trusteo Date . 10 December 2025

CULTIVATE LONDON LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. Accounting Policies The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. 1.1 Basis of preparation These accounts have been prepared under the historical cosl convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation. These accounts have been prepared in accordance with "Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 20191- (Charities SORP (FRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011 These accounts are presented in pounds sterling and rounded to Ihe nearest pound. 1.2 Going concern The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectalion that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they Gonlinue to adopt the going concern basis of accounting in preparing the account5. 1.3 Income from donations or grants Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donalions, this is usually on receipt. For grants, this is usually when a formal offer is made in writing. If a donation or grant contains terms and conditions outside of the charity's control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future lime periods, then the income is deferred. 1.4 Income from charitable activities Income from charitable activities is recognised over the period to which the income relates. 1.5 Investment income Income from investm8nts is r8cognis8d once the charity has entitlem8nt to th8 funds.

1.6 Expenditure Expenditure is recognised when a present legal or constructive obligation exists al the balan￿ sheet date as a result of a past event, il is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered. Direct Gosts are those Gosts which direGtly attribute to its activities. Wages and salaries are alloGated to direct costs based on an estimate of time spent on charitable activities by staff members. Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific artivities and this is reflected in the allocation of payroll costs based on the percentage of time All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resour￿. Costs relating to a particular activity are charged directly., others are apportioned on appropriate basis. Support costs and overheads have been calculated by allocating staff time to the level of involvement in Ihe various activities of the Charity. 1.7 Pensions The Charity makes contribulions to d8fined contribution pension schemes through auto enrolment. These contributions are charged to the income and expenditure account in the year in which they become payable. 1.8 Taxation The organisation is a registered charity and has no liability to income tax or corporation tax on its charilable activities during the year. Value added lax is accounted for on an accruals basis. 1.9 Creditors Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing lh8 charity to that exp@nditur8. it is probable Ihat a transf8r of economic benefits will be required in settlement and th8 amount of the obligation can be measLJr8d reliably. 1.10 Provisions for liabilities A liability is measured on recognition at its historical cosl and then subsequently measured at the besl estimate of the amount required to settle the obligation al the reporting dat8,

1.11 Financial instruments Charities preparing accounts normally measure a basic financial asset or basic financial liability on its initial recognition at the amount receivable or payable adjusted for any related transaction costs. However, if initially measured at fair value, transaction costs are not included in the measurement of financial assets or liabilities,. instead, the transaction costs are treated as an expense. If extended credit is offered, the acGounling treattnent depends on those exlended cred it terms. The subsequent measurement of financial asset5 and financial liabilities depend5 on Iheir nature and settlement dates. The carrying amount must be calculated without any deduction for transaction costs Ihat may be incurred on sale or disposal. 1.12 Fund accounting Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other Restricted funds are funds which sre to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. 1.13 Critical accounting estimates and judgements In the application of the charity's accounting policies, the Trust8es are required to make judgements, estimales and assumptions about the carrying amount of assels and liabilities that are nol readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both currenl and fiJlure There are no e5timate5 and a55umptions which have a significant risk of Gausing a material adjustment to Ihe carrying amounl of assels and liabilities.

1.14 Tangible fixed assets Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly. lo the provision of goods services by the charity. Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the wst or valualion of fixed assets, less their e51imated residual value, over their expected useful lives on the following basis- Short Leasehold over 10 years Fixtures and 1 OQ/o on cost Fittings Motor Vehicles 250/0 on cost Cotllputer Equipment 330/0 on cost 1.15 Stocks and work in progress Stocks held for sale are mèasured at the lowèr cost or net realisable value. 1.16 Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other conslderallon expected lo be recelved. 1.17 Cash Flow Exemptlon These financial statements do not contain a cash flow statement because the charitable company, as a small reporting entity, IS 8xempl from th8 requirement lo produce such a statement. 2. Income from Donations and Legacies Rostrictod Total funds Total funds Analysis Unrestricted funds income funds 2025 2024 Donation and gifts 12,896 12,896 32,419 General granls provided by Governmenuother Gharities 11,483 34,740 46,223 91,223 Total 24,379 34,740 59,119 123,642 In the prior year, donations of £Nil and grants of £91,223 represented restricted income.

1. Income from Charitable Activities Analysis Unrestricted funds Total funds 2025 Total funds 2024 Sale of Good 43,657 43,657 27,301 Sale of service 311,168 311,168 203,206 Total 354,825 354.825 230,507 In the prior year, all income from charitable activities related to unreslricled funds.
2. Income from Investments Analysis Unrestricted funds Total fund3 2025 Total funds 2024 Interest income 1,089 1.089 Total 1,089 1,089 11 In the prior year, all inveslment income related to unrestricted funds.

3. Other Income Analysis Unrestricted funds Total funds 2025 Total funds 2024 Other 4,837 4,837 7,060 Total 4,837 4,837 7,060 In the prior year, all other income related to unrestricted funds.

4. Expenditure on Charitable Activities Reslricted income Analysis Unrestricted funds Total funds 2025 Total funds 2024 funds Interest payable 94 236 330 Charity running cost 13,641 410 14,051 14,408 Cost of servic&s 143,730 14,957 158,687 87,429 Printing and stationery 151 186 337 58 Wages & Salaries 5,306 28,338 33,644 48,440 Social Security 5,348 5,348 5,083 Pension 925 946 1,871 2,190 Motor 5,510 5,510 2,033 expens8s Repairs & Maintenance 12 42 13,264 Other 5,101 206 expenditure 5,307 2,763 Total 179,818 45,321 225,139 175,668 Support Costs 163,282 4,651 167,933 152,046 343,100 49,972 393,072 327,714 In the prior year, expenditure of £93,869 related to restricted funds.

5. Support Costs Total funds 2025 Total funds 2024 Analysis Support Costs Wages ar)d salaries 108,004 103,323 Printing and stationery 224 39 Charity Running Costs 17,758 9,859 Other expenditure 6,096 5,966 Bookkeeping Bank charges 14,849 13,731 253 358 Motor expenses 3,673 1,355 Depr&ciation 13,605 11,808 Loan interest 904 Finance costs 1,121 1,153 Gov•rnanc• Costs Independent examiners fees 2,350 3,550 167,933 152,046

6. Employee's Emoluments 8.1 Staff Costs Th16 year Last year Salarles and wages 141,647 151,763 Social security costs 5,348 5.083 Pension costs (defined contribution schemol 1,871 1,088 Othor omployee benefits Total staff costs 153.866 157,934 No employ8e8 r&c8ived employe8 ben8fits (8xcluding employer p8nsion costs) for th8 r8poriing p8riod of mor8 than £60.000. Key manag8ment compris8S the Director of Commercial and Sustainability and the Director of Community and Young Peopl8 as well as the Trustees. Cumulative k8y manag8ment remuneration during thè year amounted to £47,940 {2024: £56,055) 8.2 Average head count in the year The average head count during the year and the preceding year is disclosed in Nole 17.

8.3 Ex-gratia payments to employees and others (excluding trustees) There were no ex-gratia payments lo employees and others during the period. 8.4 Redundancy payments There were no redundancy payments to employees and others during the period.

1. Tangible Fixed Assets Motor Vehicles Fixtures & Fittings Computer Equipment Short Leasehold 9.1 Cost or valuation Al 01 April 2024 31,605 83,034 3,629 2,710 Additions 2,917 1,229 1,100 Disposals Revaluations Transfers At 31 March 2025 34,522 84,263 4,729 2.710 9.2 Depreciation and impairments At 01 April 2024 18,016 70,261 3,565 813 Charge for the year 4,613 8,385 336 271 Disposals Revaluations Transfers At 31 March 2025 22,629 78,646 3,901 1,084 9.3 Net book value At01 April 2024 13,589 12,773 64 1,897 At31 March 11,893 5,617 828 1.626 2025

2. Debtors: Amounts falling due within one year Total funds 2025 Total funds 2024 Prepayments & accrued income 3,705 14,138 Trade deblors 57,506 30,175 Other debtors 862 431 Total 62.073 44,744

3. Cash at bank and in hand Total funds 2025 Total funds 2024 Cash at bank and in hand 83,255 49,052 Total 83.255 49,052
4. Credltors: Amounts falllng due wlthln one year Total funds 2025 Totsl funds 2024 Bank loans and overdrafts 13,541 8,333 Trade creditors 22,319 4.649 VAT control 21,488 16,693 Accruals and deferred income 4,850 5,317 Taxation and social security 6,647 5,872 Other creditors 7,021 3,052 Total 75,864 43.916

5. Creditors: Amounts falling due after one year Total fundg 2025 Total funds 2024 Bank loans and overdrafls 11,478 26,423 Other creditors 22.578 23,201 Total 34,056 49,624 Bank loans and overdrafts represent the long term element of a Boun￿ Back loan. The final repayment is expected to be in May 2027. Other creditors represent the long term element of an interesl-free loan to a third party. The loan amount was £43,594 in January 2021 and is repayable over 25 years. The loan is unsecured and has been discounted using an effective interest rate of 5 %.

6. Charity funds 14.1 Details of material funds held and movements during the CURRENT reporting period

Fund Fund balances Gains and balances Income Expenditure Transfers Fund names brought forward losses carried fonNard Unreslricted funds General Funds (46,9561 385,130 343,100 3,752 (1,174) Restricted Income funds Heathrow Community Trust 2,222 12,222) London Borough of Hounslow 13,250 13,250 The Liebreich Foundation 1,530 11,530) Thriving Communities Fund 8,791 8,791 Royal Horticulture 300 300 Society Make London DIG Acton Garden 2,500 365 2,136 Spacehive Crowd Funding Groundwork London 17,453 5,402 12,051 690 681 Clarion Community Investment ovo 3,177 3,177 Global Action Plan Twyford Abbey A-two-oominion Group Kew - Grow 5,000 5,000 1 ,000 1,000 Wild 2,000 2,000 Julia Rausing Trust 10,000 10,000 Ealing Pioneers. 42,355 42,355 Project Tolal 28,579 419.870 393,072 55,377

14.2 Details of material funds held and movernents during the PREVIOUS reporting period

Fund Fund balances Gains and balances Income Expenditure Transfers Fund names brought forward 105ses carried fonNard Unreslricted funds General Funds (83.108) 269,997 233,845 {46,956) Restricted Income funds Heathrow Community Trust 2,222 741 741 2,222 London Borough of Hounslow 8,036 8,105 16,141 Thriving Communities Fund 28,671 19,880 8,791 Royal Horticulture Society Make London DIG 1,501 1.501 12,298 12,296 Acton Garden 15,000 14,999 Spacehive Crowd Funding Groundwork London 10,000 7,453 17,453 238 681 919 Clarion Community Investment 3,822 3,819 ovo 25.000 21,823 3,177 Big Lottery Award for All 850 850 London Borough of Ealing The Liebreich Foundation 900 900 1,530 1,530 Global Action Plan Ealing Pioneers, 42,355 42,355 Proi Total 14,927) 361,220 327,714 28,579 London Borough of Hounslow

Local authority grant awarded for helping community groups transform derelict or underused land ion housing estales or linked parksl 5Ghools into community garden hubs. Royal Horticulture Society Awarded to fund basic materials in the creation of the community show garden at RHS Hampton Court flowershow. Acton Garden Community chest grant for the purchase of a cargo bike to enable sustainable gardening and enc{￿rage circular economy. Groundwork London Awarded to create calendar of walking and cycling events to showcase the local area - in conjunction with TFL. Twyford Abbey Clarlon group community fund provided by the Twyford abbey development. The grant Is awarded to support the running of the DIG garden in Hanwell and the Acton sile on Hanbury Road. A2Dominion Group Fund provided by Housingdeveloper Swarded for provlding a celebraiion of black hSstory at the Salop18n gard8n including food, storytelling and local history. Kew . Grow Wold Awarded for enhancing th8 Slte on Hanbury Road to become richer in its appeal to wildlife alongside growing on plants wilh the community via workshops in the area with the same aim. Julla Rauslng Trust Provided over 3 years to support the creation of a new rol8 of community director at Cultivate London. Heathrow Community Trust Award&d for the delivery of a structured short course in gardening sustainably aimed at young people who find it difficult to engage in mainstream eduGg1ion. Thriving Cornmunities Fund This fund is intended to deliver cohesive, sustainable and resilient communities. Make London DIG Awarded as part of a crowdfunding campaign to kickstart the our conversion of the DIG site into a Spacehive Crowd Funding

Campaign to raise money for a wood workshop and circular growing programme in Acton. Clarion Community Investment Awarded to deliver a programme of skills based gardening workshops within a park in Ealing in order to help combal anti-social behaviour in the park. OVO Global Action Plan Awarded lo provide schools within Ealing guidance to create sustainable gardenl growing spaces and also deliver educational sessions to the children to d8V8lop th8ir understanding of how to re-use waste to benefit the environment wildlif8 and increase awar8n8ss of food growing. The Liebreich Foundation Donation to provide stsff with bikes to cycle to and from sites during Covid. Global Actlon Plan This was a national lottery fund awarded lo global action plan who spread the funds to local community organisations in order to deliver online gardening workshops. Big Lottéry Award for All Awarded for creating acommunity celebralion to foster cohesion and integration London Borough of Ealing This r8pres8nled a digiial inclusion grant. Eallng Ploneers Project Funded by Ealing Council's Ealing Pioneers Fund, to set up a circular green waste recycling pllot programme in Ealing. Balance Sheet Funds Split In the current year, tangible fixed assets of £2,135 and current assets of £54,416 are represented by restricted funcjs. In the prior year, restricted funds were entirely represented by current assets. 14.3 Transfers between funds This Year

Amount Belween unrestricted and restricted funds 3,725 Between endowment and restricted funds 8etween endowment and unrestricted funds Last Year Amount Between unrestricted and restricted funds Between endowment and restricted funds Between endowment and unrestricted funds The above includes a transfer of £2,222 and £1,530 from Heathrow Community Trust and The Liebreich Foundation r88pectively. This do85 not repr8S8nl a transfer of funds in the legal lerm but a corr8Ction of a misallocation of these monie3 in the years when the project3 were carried out. 14.4 Designated funds The charlty did not have any designated funds during the current or previous period. 15. Transactions with trustees and related parties 15.1 Trustee remuneration and benefits None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related enlity12024- none) 15.2 Trustees. expenses No trustee expenses have been incurred (2024.. none) 15.3 Transaction(s) with related parties There have been no related party transactions in the reporting period12024'. none>

1. Additional Disclosures Prior Period Adjuslments
2. Correction of loan measurement During the year, the charity identified that a long-lerm, interest-free loan from a third party had previously been recognised at its nominal value rather than at amortised cost as required by FRS 102 Section 11 Basic Financial Instruments. The loan, which is repayable over an extended period, represents a financing transaction and should therefore have been initially recognised at the present value of the future cash flows, discounted at a market rate of interest, with the discount subsequently unwound through the Statement of Financial Activities. The IDan had previously been presented in the financial statements at 31 March 2024 and in the opening balances at 1 April 2023 at its undiscounted nominal amount of £40,644. Following review. the loan liability al 1 April 2023 has been recalculated al its amortised cost of £23,791 .91 . This has resulted in a decrease in long-term creditors of £16,852.09 and a corresponding increase in opening reserves at that date. The comparative figures for the year ended 31 March 2024 have been restaled accordingly. This adjustment affects only the presentation and measurement of the loan liability and has no impact on cash flows. Impact of the prior year adjustment Adjustm e nt As re.stated prevlously stated Credltors falling due after more than 1 year (31 March 20231 Opening unrestricted funds at 1 April 2023 £40,644 £(16,852) £23,792 £16,852 £{81,997) £198,84g}

3. Correction of deferred Income treatment Deferred incom8 of £43,355 had been carried forward from 2022 and 2023 relating lo funding that, on review, satisfi'ed the crileria for recognition as income in the year of receipt. Under FRS 102 and the Charities SORP, income should only be deferred wherè the charity has not yet become entitled to the resources. As ènlitlement had arisen in 2022, the deferral repr8s8nted an error. Accordingly, the comparative figures and opening fund balances have been restated as follows. Impact of the prior year adjustment As previously Adjustmenl staled As re-stated Deferred income £42,552 £142,552) £42.552 £Nil Opening restrided reserves at 1 April 2023 £35,826 £78,378 There is no impact on Ihe Statement of Financial Activities for 2023124 or 2024125.

4. Average Number of Employees 2025 2024 Directorsl Trustee5 Staff Total 14 14 Average number of employees during this year ', 14 and last year: 14 This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.