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2023-03-31-accounts

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

VAUXHALL (CITY) FARM LIMITED (company limited by guarantee)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

CONTENTS

Legal and administrative information 3
Trustee’s Annual Report 2022-23 4-16
Trustees’ Responsibilities Statement
17
Independent Auditor’s Report 18-20
Statement of Financial Activities 21
Balance Sheet 22
Statement of Cashflows 23
Notes to the Financial Statements 24-44

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

LEGAL AND ADMINISTRATIVE INFORMATION

For the year ending 31 March 2023

Board of Trustees

Faith Boardman (Chair) Alison Ewen (Deputy Chair) Stuart Peel (Treasurer) Amilia Rappak (Co. Secretary) Nigel Hood (Co Secretary) Alison Mohammed Andrew Sheils - appointed 16[th] August 2022 Aseem Sheikh - appointed 16[th] August 2022 Glen Walker Nigel Campbell Samantha Norman Sean Ellis

Chief Executive Officer Monica Tyler Finance Manager Stanford Manduna Company Registration number 1524041 Charity Registration number 281512 Registered Office 165 Tyers Street London SE11 5HS

Bankers NatWest Bank 504 Brixton Road London SW9 8EN

The Charity Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

TRUSTEES’ ANNUAL REPORT

The Trustees, who act as Directors of the charity for the purposes of the Companies Act and Trustees for charity law purposes, submit their annual report and financial statements for Vauxhall (City) Farm Limited (“The Farm”) for the year ended 31 March 2023. The Trustees confirm that the annual report and financial statements of the charity comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Farm is a registered charity (281512) and company limited by guarantee (01524041). Our original governing documents consisted of a Memorandum and Articles of Association which incorporated the organization on 23 October 1980 and registered as a charity on 5 January 1981. In the event of the company being wound up, members are required to contribute, if under 18, an amount not exceeding 50p and over 18, not exceeding one pound.

The Charity is managed by Trustees (Directors of the Company) who form the Management Committee. Trustees and the CEO provide annual reports on the finances, services and strategic objectives of the Farm to the Members of the Farm, at the Annual General Meeting - which is where their appointments are confirmed/elected annually, by the 'Members' of the Farm.

The Management Committee meets at least 5 times during the year. There are also three committees – Finance and General Purposes, which is focused on maximizing the use of the facilities for public benefit and oversight of our financial performance and sustainability; a Riding Committee, which monitors and supports the strategic development and operations of our horse riding school; and the third, the Animal Welfare Committee was established in the year to provide support and oversight in the welfare and care of our animals. In addition, the Farm regularly accesses veterinary and health and safety expertise and can call on volunteers for specialist advice and support such as with external co-optees with expertise on “Riding for the Disabled” (RDA) for our Riding Committee. Day-to-day responsibility for ensuring the charity delivers on its aims and objectives is delegated to the Chief Executive.

The Management Committee agrees Policies and Procedures for the running of the Farm and can access copies on-line for their own information and reference.

Recruitment and Appointment of Directors

The Directors of the Company are also Charity Trustees for the purpose of charity law, and under the company's articles are known as Members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the Members of the Management Committee are elected for a period of one year, after which they must be re-elected at the Annual General Meeting.

The skills needed for the future are regularly reviewed by the Trustees in the light of both turnover and future plans. New Trustees are recruited to meet clear skills specifications, in the light of the forecast needs and risks. Trustee needs are usually advertised, and all applicants are first vetted, interviewed and assessed by the Trustees and the CEO, before being initially co-opted to the Management Committee as a Trustee. In

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

the year, two new Trustees were appointed following a skills audit review; Andrew Sheils - who is a banker specializing in risk and finance had already been supporting the Farm with our risk assessments; Aseem Sheikh - who is the proprietor of Base Associates (architects) who have a long history with the Farm having created the designs for phase 1 and 2 for Developing the Farm.

Induction and Training

New members of the Management Committee are given an induction that includes familiarization with the Charity's mission statement, aims and objectives, organisational structure, policies and Trustees' responsibilities. Further trustee training is also available where required or desired. The Trustees periodically review the skill mix and training needs of its trustees and encourages active participation in volunteering and fund-raising activities to ensure they gain a good practical understanding of risks and benefits.

An annual Planning Day is held to enable the Management Committee to discuss key strategic issues and risks in depth, (including a review of skills requirements for both Trustees and staff). All Trustees are expected to be familiar with the workings of the Farm and some members are regular volunteers at the Farm.

The formal induction process for all individual new Trustees involves the Company Secretary, CEO, and the Chair of the Management Committee briefing new Trustees on the following:

Our Team

There were a number of personnel changes in the year with the creation of two part time Livestock and Farmyard Coordinator roles to replace our long-standing Coordinator Sophie Howard who left after 7 years to pursue new horizons. The new structure ensures better cover and support around the Farmyard. With the reopening of the Riding School, we appointed a new Riding Manager and two Grooms/Instructors and a new Education and Partnership Manager, Charlotte MacDonald with strong skills and experience in teaching and work with children. Hannah Lebon, our outgoing Education Officer Intern was offered a permanent role, but accepted another offer closer to home and with higher pay. We were delighted to have welcomed a new Jack Petchey Foundation funded Education Officer Intern, Jade Mortimer at the end of the reporting year.

To support our profile raising and administration we also created a new position of Marketing and Administrative Assistant with the new recruit due to start at the beginning of the next financial year.

Coming out of the pandemic the Senior Leadership Team and Trustees reviewed trends in demands and supply and reduced our use of ad hoc, sessional worker hours by incorporating their tasks, where possible, within existing staff roles – creating greater consistency across the Farm whilst reducing expenditure.

Charitable Objectives

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

Vauxhall City Farm occupies a site that dates from wartime bombing which left an area that was partially cleared initially by local people who wanted to supplement rations by growing food. Its formal life began as Jubilee City Farm in 1977 on two thirds of an acre of derelict land. The site was planned by local people and the Farm continues to welcome, and to significantly rely on, volunteers and donations.

The needs remain high in the area the Farm services – covering 6 inner-London boroughs with:

Our charitable objectives remain focused on providing educational, recreational and therapeutic activities using the setting of the Farm which remains free to enter and has become a thriving community project that also provides a green oasis for people of all ages and backgrounds living and working in an area in the heart of inner-city London.

A range of highly professional and specialist support programmes are also provided for those with additional and special needs – including supporting the curriculum needs of schools from all over inner London, and the work of partners such as the Riding for the Disabled Association.

The Farm has brought added value to meeting local needs through its partnership work , voluntary support from corporates and residents, and financial contributions.

Public Benefit

The activities as detailed below have all been undertaken to further the charity's purposes for the public benefit, and the charity's Trustees have complied with their duty as described in the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

The Farm regularly consults, (and actively seeks feedback and suggestions from) visitors, partners, volunteers and service users.

The Farm serves the community, family, educational, skills-development, and social cohesion needs of an area that covers 6 inner-London Boroughs. Visitors include many families, children, and adults from highly diverse backgrounds (in terms of ethnicity; social/private/rented housing and economic standing; employment status; age; physical/mental health & disabilities; & religion).

Our free entry, and the fact that several of the services are free and/or significantly subsidized by charitable and corporate social responsibility grants, is considered by the Trustees to be the Farm’s main contribution to public benefit .

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

Our Vision

‘We are a farm for London’

Our vision is a city where people from all communities are empowered to experience nature to enhance their health, wellbeing and life chances.

Mission

Our mission , therefore, is to use the setting of an urban farm to provide educational, recreational and therapeutic activities that:

Compared with other city farms, Vauxhall City Farm has an exceptional range of animals, horses, birds, pond-life, ecological habitats, insects, herbs, dye and medicinal plants, vegetables, trees and fruit bushes. There is also a riding arena; modern and well-equipped meeting/classroom space; a farm office and volunteer room; a visitor and family-friendly cafe; and modern event/ “corporate away-day” facilities etc. The Farm is formally recognized as a rare inner-city site of “exceptional ecological diversity”.

Values

Respect

We value and nurture the contribution of all those we work with, from our farm animals and the environment to our staff, volunteers, partners and beneficiaries.

Collaboration

We believe consultation, co-production, partnership and teamwork are essential ingredients for sustainable change.

Transformation Creativity

We take an innovative and resourceful approach to our work which means we are always learning and pushing ourselves to do better.

We strive to inspire change that will achieve powerful social, environmental and wellbeing outcomes for communities and people.

Inclusivity

We value diversity in everything we do and work hard to ensure different viewpoints are given an equal voice through our projects.

Professionalism

We are a responsible and efficient organisation with a working culture rooted in sound management business practice and governance.

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

MAIN ACHIEVEMENTS AND PERFORMANCE

Over the past year the Farm has continued to work hard to enhance our environmental, educational and social offer, particularly as the Farm and our communities were struggling with the effects of the cost-ofliving crisis and the ongoing impact of COVID-19. Despite the challenges of recruiting and retaining staff as well as fundraising, our Trustees and Senior Leadership Team remained focused on the second year of our strategic objectives and using our values to guide our work and actions – details of our performance are detailed below.

We were delighted to have received two awards in the year – for ‘ Farm of Year’ for the second year in a row at the Corporate Livewire London & South-East Prestige Awards for small and medium businesses that have proven to be the best in their field, and an Annual Special Award for our services to the community from the Worshipful Company of Tin Plate Workers. The greatest honour for us is that our efforts have enabled us to stay true to our vision of “a city where people from all communities are empowered to experience nature, well-being and life chances”.

Strategic Objective 1: A diverse and vibrant urban farm of excellence

We were delighted to have welcomed over 60,000 visitors to the Farm, double the last pre-pandemic year, and a reflection of the wellbeing needs and value of a free environmental and educational resource to our community. Such visitors continue to include well known celebrities as well as a new friendship with the BBC TV reporters who, for the second year in a row have used our site to present their weather forecast. We remain open to the public and free to enter , from Tuesday to Sunday each week.

Development of the Farm (phase 2)

Our project has progressed at pace, thanks to the ongoing oversight, input and guidance of our Trustees. By the end of the reporting year, we had renewed our community garden and new outdoor classroom, based on community consultation, installed new animal enclosures, refurbished our riding arena and neared completion of a new and impressive entrance to the Farm. This would not have been possible without the support of key funders such as the Kusuma Trust, Clothworkers’ Company, Garfield Weston Foundation and the many corporate and community volunteers. Our thanks also go to two of our Trustees, Sean Ellis, who raised £17,000 in his marathon and Alison Ewen, whose nephew secured nearly £2,500 in the Spanish marathon.

This last year has demonstrated that green spaces offer people an essential lifeline. Living in dense urban environments without a balcony or garden of your own is a challenge at any time, let alone during a cost-ofliving crises where communities have less income to access opportunities for leisure, learning or wellbeing. In the coming year, work will begin on the final elements of our Developing the Farm project, particularly the widening of the paths to improve site circulation and access for all.

Community and Ecological Gardens

Our ecology garden is a registered SINC (Site of Importance for Nature Conservation ) and continues to be a valuable addition (together with recently developed community garden) to the facilities and activities offered through our educational work. We welcomed our new Gardener with funding from the National Lottery Fund’s Awards for All , enabling us to provide more wellbeing, biodiversity, gardening and food growing activities. As schools and community groups became aware of our transformed community garden, we received ongoing bookings for workshops and horticultural classes utilising the outdoor classroom and

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

supersized greenhouse. Weekly community garden drop-in sessions were organised offering local people the opportunity to come together, learn about food sustainability, growing plants and vegetables, engage in outdoor drawing and much more.

Extended Educational Programme

Our newly appointed Education and Partnership Manager left in the autumn following a number of personal tragedies. As with other charities, the recruitment and retention of staff has been a real challenge which meant we were only able to appoint to the role towards the end of the reporting year. We were delighted to have the support of the Jack Petchey Foundation Internship programme for a second year for a new intern Education Officer to assist with our existing and new activities and workshops with the team.

Afterschool/homework provision

Working in partnership with TeamUp, we continued to have a positive impact for 28 young people/children, some of whom were living in overcrowded housing with over 80% from Black or other minority ethnic backgrounds. Most children attending the club obtained above average progression with some achieving an average grade 150% higher than the national average . One third of each session was also dedicated to stress busting and wellbeing activities to help relieve tension and improve emotional wellbeing. At the end of the academic year in July 2022, we took time out to review the provision and will relaunch this in the coming year with support from the Maria Mariner Foundation and Walcot Foundation , but we still need to secure further funds to fully cover our costs.

With the cost-of-living crisis affecting local households with children and young people, and disproportionately so for children from Black and other minority ethnic communities, we continued to provide our Easter – Spring-Time themed , and summer holiday programmes , with 50 children benefiting per programme from physical activities, environmental workshops and social sessions, thanks to part funding from the Lambeth Holiday Activity Fund . 82% of the children were recorded as having a special educational need, disability or social, emotional or mental health need. The programmes provided a piece of the countryside in the City for children from Lambeth and the surrounding boroughs with the chance to interact with a number of animals including sheep, guinea pigs, alpacas, goats, rats, pigs, rabbits, donkeys and ferrets, as well as bugs in the garden!

He is having such fun on the Farm; he has loved telling me about all the animals each day ". Caregiver of Summer Club Child .” " My favourite part of Summer Club was connecting and learning about nature ". Summer Club Child "Four words I would use to describe this Farm club is awesome, fun fantastic and extraordinary”. Summer Club Child

The emotional and mental wellbeing of children from across the six London boroughs we serve (Lambeth , Southwark, City of Westminster, Hammersmith & Fulham, Kensington & Chelsea and Wandsworth ) has remained a concern as the ongoing impact of Covid-19 continued to affect their social and educational development, which was further impacted by the cost-of-living crisis and their ability to access opportunities to enhance their learning and social skills.

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

Wellbeing Programmes

It was no surprise therefore that our Wellbeing programmes that combined learning about the environment in our eco-garden and food sustainability whilst accessing the therapeutic benefits offered through contact with our Farm animals made a real difference to participants’ wellbeing. We also created a 10-week introductory programme as part of our developing relationship with Octavia House to support children and young people with learning difficulties. Its success led to a renewed weekly wellbeing programme along with regular weekly, termtime programmes with local schools.

Another new partnership with Jamie’s Farm led to their vulnerable young people participating in a full day of wellbeing and animal husbandry activities which also generated such positive results that they went on to book further sessions, as well as a riding programme of lessons. We now have a waiting list of groups and new funding from the City Bridge Trust for our wellbeing programmes to reach over 250 children , young people and adults in the coming year.

During the summer months we delivered a new project in partnership with the Southbank and the Portuguese Wellbeing Partnership – Life Beyond the Living Room that engaged 10 elderly and infirm residents in building their social, physical and emotional wellbeing in a culturally sensitive way. Using the unique setting of the Farm and the therapeutic benefits of being with the animals, an interactive session was delivered that created an emotional tie to their experience of growing up with animals and growing food in Portugal, Angola and Brazil. Participants engaged in lively discussions, supported with feeding the larger animals and cuddling the smaller ones.

Even with the challenges of filling our vacant staff positions, we were able to continue with our many educational workshops such as Land to Lunchbox , Sustainability sessions – delivered to over 100 children from local schools, wreath making, Meet the Animals , self-guided tours and more with over 100 workshops being delivered .

Our ever-popular Young Farmers Club for 8-14 year olds was resumed, but staff capacity and increasing costs prevented us from delivering these to pre-pandemic levels, despite the interest. However, we are looking at a more sustainable model to relaunch in the new financial year and already have a number of bookings coming through.

Employability Programmes

As part of Lambeth Made ‘ Create Your Future’ Summer Programme we delivered our first pilot employability programme “Future in Farming ” for 16-25 year olds who are not in education, employment or training. A diverse cohort of young people joined the workshops and benefited from the social, educational and employability outcomes.

‘…we were delighted that she was able to progress through the programme so she can explore a career pathway in animal care’. Parent of young female participant with Downs Syndrome

We also continued our partnership with the Princes’ Trust , delivering our successful joint project and accredited training ‘Get Started in Animal Care’.

For the coming year we have secured funding from the Drapers’ Charitable Fund to relaunch our flagship New Shoots programme for up to 30 young people who will benefit from mentoring, accredited training workshop, work placements and more to support them towards further training or employment.

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

Youth Volunteering

Working with local charity Regenerate, we piloted a Youth Volunteering Day offering a range of tasks that would support young women with high levels of anxiety and mental health support needs to boost their confidence in a safe and calm environment. The pilot builds on the 38 work placements we offered in the year to students from schools, veterinary and other colleges and universities.

We also introduced a new offer of paid volunteering days for schools. Schools were charged for 30 11-year olds for a day of volunteering at the Farm who enjoyed animal husbandry activities, gardening and preparing the Farm for the annual Lambeth Country Show.

Farmyard

We continue to recruit new volunteers to our Farmyard team and now have a core team of approximately 20 regularly supporting the operations of the farmyard - without whom we would not be able to operate the Farm in a safe way.

Our 110+ animals have kept us busy with new arrivals (birth of new goats, sheep,) as well as replacements for our horses, pig, chickens, rabbits - and excitedly for both staff and visitors, we were delighted to welcome our new alpacas, Rolo, Cookie and Toffee who were named by the community and are the favoured choice for our Meet and Greet sessions. Sadly, one of our donkeys passed away with the second being sent to a donkey sanctuary. The ferrets that were on a long stay with us were finally returned to their owner.

As part of our Developing the Farm project, we started work on new animal enclosures, particularly for our turkeys, chickens and other farm birds. With concerns and risk relating to bird flu, we also decided to fully cover the duck pond area with netting so that visitors could continue to enjoy the presence of our ducks.

Mobile Farm

Reaching out to communities with our Mobile Farm has been an important means of ensuring a wider range of people benefit from our resource as this supports their mental and social wellbeing, skills and connection with their community and environment. At the start of the reporting year, demand for our Mobile Farm was slow, but demand picked up significantly later in the year with 25 Mobile Farms being delivered including a 3-day session at Battersea Power Station for its Spring Festival, with over 1,000 people attending each day. The diverse range of other groups included Woodside Primary Academy, Putney Vale Residents Association, SouthWestFest, Omnibus Theatre, St Anselm’s Church, Southwark Council, Battersea Power Station and Fullers, Smith & Turner. Our largest Mobile Farm event of the year is held at the annual Lambeth Country Show which was attended by over 100,000 people over 2 days, helping us to raise nearly £16,000.

Strategic Objective 2: A sustainable riding school for all

Our Riding School is the only RDA Centre in Lambeth and is also registered with the British Horse Society. After two years of closure following the COVID-19 restrictions, refurbishment of the riding arena, and challenges in recruiting staff, we re-opened the riding school in Summer 2022. Thanks to our supporters – the Loriners’ Charitable Trust, True Colours Trust, Peter O’Sullevan Charitable Trust, the Worshipful Company of Tin Plate Workers and Fidelity Foundation we were able to purchase new horses, finalise repairs and begin work on preparing for new riding and equine programmes. With the help of teams of corporate volunteers, the stables were cleaned and painted, and two new grooms/instructors and a Riding

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

Manager recruited. Over 20 volunteers had been recruited and inducted by the end of the reporting year with more volunteers signing up.

Our priority focussed on children and young people with special educational needs and disabilities as well as those experiencing disadvantage . With a grant from the Lambeth Social Value Fund , we were able to launch a new programme of riding lessons and equine activities from October 2022 that engaged 108 participants , 44 of whom had a learning disability, 13 with special educational needs and 57 recorded having a mental health challenge. In total, 220 riding lessons were delivered between October 2022 – March 2023, and as we enter the new financial year, we are confident of reaching our pre-pandemic levels of over 1,000 lessons. Partnerships were developed offering weekly programmes of horse riding and stable management/equine care with Jamie’s Farm – working with vulnerable young adults with complex social, emotional and wellbeing needs, and Octavia House (special educational needs children) – reflecting those who often have little or no opportunity to participate in equine activities or to experience the therapeutic and life skills benefits of doing so.

A new automated booking system was introduced that improved the experience for users and administration of booking riding lessons. As we increase our stock of horses – at 5 horses at the end of March 2023 - we will be able to provide more lessons and respond to the demand for private bookings to help sustain the riding school longer term, whilst we continue to fundraise for running costs in the coming year.

We are grateful to Tobias Hestler for his donation of £1,000 whose tree was growing through our riding stables’ roof and who also cleared the tree from the site. Thanks also go to our Trustees and co-optee on our Riding Committee who dedicated immense time, expertise and passion in driving our riding school business plan forward.

Our riding school activities continue to be recognised as we were again invited by the Saddlers’ Company to the Equestrian Therapy Forum during the year.

Strategic Objective 3: A mission driven caf é

Café

Within the Farm, visitors are welcome to use our café which we upgraded to provide an evening place to meet and launched this as Faith’s Place, in late Spring 2022. Together with the CEO the Trustees constantly reviewed the needs of the community and the challenges of the Farm throughout the year. Whilst the café had been doing well, we struggled to get people through the door during the 3 evenings each week that we opened. We revamped this offer to include regular music nights, sometimes poetry and a summer programme of events which proved to be a huge success, attracting up to 50 people on some nights. Following on from the Government’s KickStart programme in the previous year, we continued to offer paid employment to young people to develop their hospitality skills and experience within the Café, and hope to continue doing so in future years.

The café and associated meeting rooms continue to be popular with bookings increasing from a range of sources such as Ben & Jerry’s, London School of Economics, Homes for Students, Engineers without Borders, LGBT Consortium, Berkeley House, Ministry of Justice, Macmillan Cancer Care, 64 Million Artists, Natural History Museum, The Ramblers and many private wedding photos and birthday events. We were delighted to host the 350[th] anniversary celebration of the Worshipful Company of Tin Plate Workers in May 2022, with our Trustee, Amilia Rappak as guest speaker.

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

For the future, we want to build on the connections between our community garden and food growing activities and offer vegetables, fruit, herbs and plants for sale, for cooking sessions, or for use in our café products. We are also working with Lambeth Council to support a programme of Pride events for 2023 .

Strategic Objective 4: Strengthening our capacity

At a time when so many charities are struggling or closing, we are fortunate to report that we have been able to sustain and grow our work. This has not been without its challenges; on the back of the impact of the COVID-19 pandemic, we endured the difficulties of the cost-of-living crisis which led to an astronomical 207% rise per annum in our utility bills. Rising costs also made it difficult for us to recruit long term staff as we were often unable to match their salary expectations. As a small team, this was quite challenging for the CEO and Senior Leadership Team. By the end of March 2023 we were back to a near full complement of staff, with changes introduced to ensure more effective cover and support for our staff and volunteers.

Our Financial Review section details our performance in sustainably increasing our income and our priority for the coming year will be to further strengthen our reserves. We appointed a local charity support agency – Integrate CIC - to support our CEO with our grant fundraising. Their knowledge of similar charities and the communities and funders in our local area will be a great help.

Volunteering

During the year, on average, over 140 people volunteered their time, skill and energy, with 20 regularly supporting with the Farmyard and a further 20 helping with the riding school and stable management. They also gained immense value from learning new, practical and life skills, reducing their isolation, improving their mental wellbeing and obtaining access to employment opportunities. We are pleased to have nurtured our past volunteers some of whom applied for and were successfully recruited to our sessional and riding school vacancies.

Volunteers are not expected to perform a job that should be completed by a paid member of staff. However, they provide essential assistance and fresh ideas, and help us to continue offering free entry to the Farm for the community. Vauxhall City Farm has a Volunteer Policy and all volunteers are subject to the same policies and procedures as the paid staff. The volunteers undergo an induction and training and are recognized for their contribution.

Corporate volunteering

We also rely on contributions from corporate volunteers and were delighted to have the chance to continue building our relationship with past supporters and new ones that included: Funding Circle, MoveMeon, Cromwell Hospital, Schlumberger, Wells Fargo, Dops Digital, Agibriefing, Starling Bank, CITMA, DEFRA, Citywire Financial Publishers, Berkeley Homes, Goldman Sachs, Bluebay, Asante Group, London Freshfields, Walk the Walk, Baker McKenzie and Argus Media – with 380 individuals contributing to different aspects of the Farm.

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

PLANS FOR THE FUTURE PERIOD

For the coming financial year our plans will include:

The Farm will also develop the growing relationships with local businesses and corporates, and our range of off-site activities as well as seeking further ways to support precious inner-city green spaces.

FINANCIAL REVIEW

Funds at the balance sheet date were £538,989 (£401,666 in 2022). Of these funds, £142,250 (£82,139, in 2022) represents restricted funds and £396,739 is unrestricted (£319,527, 2022), an increase of 19% on last year's unrestricted reserves, equivalent to just under 5 months of expenditure based on FY24 budget. Within the unrestricted funds balance free cash reserves are £56,361 Management has engaged Integrate CIC to help drive free cash reserves to £180 000 so that there is adequate free cash reserves to cover three months expenditure

Reserves Policy

The Trustees aim to maintain a level of free cash reserves which ensures that there are adequate funds to meet current and known future liabilities. In order to fulfil our responsibility in securing Vauxhall City Farm’s viability beyond the immediate future, and in order to protect the charitable company against serious disruption to its charitable activities, we need to build reliable funds against future uncertainty, such as the cost-of-living crisis that we have experienced throughout the financial year, to absorb setbacks, and to take advantage of change and opportunity over the long term.

The reserves held are currently within our target range. At the end of the year, planning was in place to ensure the level of reserves remain constant through increased grant fundraising, on-Farm trading activities

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Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

and charitable activities. The re-opening of the riding school will support the strategy of growth together with the external fundraising services from Integrate CIC .

Fundraising

We continued to benefit from support from a diverse range of funders and individuals, to whom we are very grateful. We received both restricted and unrestricted funding from trusts and foundations.

Multi-year grants were awarded at the end of the reporting year from the City Bridge Trust in part support of our CEO role and our education/environmental work with schools, children and communities experiencing disadvantage, and from the Peter Harrison Foundation for our Riding School manager position. For a second year, we were grateful for an internship grant from the Jack Petchey Foundation for our Education Officer Intern position and from the National Lottery Fund’s Awards For All which part funded our Gardener and a range of community engagement activities in food growing and sustainability. We engaged the services of external fundraising group Integrate CIC who are prioritising large multi-year fundraising applications to support our revenue/ongoing costs.

Going Concern

During the year the Board of Trustees and the Finance and General Purposes Committee considered the major risks to which the Farm is exposed. An in-depth review of our Farmyard risks and mitigations were undertaken led by our Trustee, Andrew Sheils , using his risk compliance expertise. The organisation’s risk register was reviewed and updated with plans for a major review in the coming financial year.

A new fundraising agency was appointed and with the support of the CEO and Finance Manager focusing on multi-year and larger grant funding applications, in addition to the work undertaken inhouse on a regular programme of bid submissions to new, existing and past funders that have resulted in renewed and new grants, some multi-year to help sustain our work.

With the Riding Committee in place and a new Riding School Business Plan, the Committee met on a monthly basis and provided additional, mentoring and practical support to relaunch this service and to keep the team on track with the income projections. An ambitious, but achievable budget was signed off for the financial year 2023-2024 that supports the confidence that the Farm will continue to exist beyond 2024.

Through these measures, the Farm was able to raise funds to meet its day-to-day activities and to sustain the free reserves by the end of the financial year that meant we could meet more than three months of expenditure. As a result, the Trustees believe the Farm remains a going concern.

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Vauxhall (Clty) FaTm Lirnited (A company kntted by guarartee nth 01524041. Rggbstsréd charlty no. 281512) DISCLOSURE OF INFORMATION TO THE AUDITORS We. the directors of the company who held office at the date of approval of these Financial Statements as get out above each confimi. so far as we are aware. thatr. There is no relevant audit inf0m￿tion of which the ry)mpanYs auditors are unaware., and We have taken all the steps that we ought to have taken as directors in order to make ourselves aware of any relevant audit infomation and to establish that the company's auditors are aware of that information. The financial statements have been prepared in accordance with the accounting poI￿leS set out In notes lo the attounts and cornply wlth the chaiiws goveming d￿ument, the Charities Act2011, and 'ACc￿nI1ng and Reporring by Charitres: Staternent of Recommended Practice" apKlicable lo charities preparing their accounts in accordancè wtlh the Finanual Reportlng Stsndard applicable in the UK and Republic of Ireland published on the 6th J￿Y 2014 (as 8rnended by Upda18 Bulletin 1 published on 2 February 2016). This report has been prepared in accordancewith Ihe Spedal lknisions of Part Vll of th8 Compani8S Act 2006 relating to smal CoMpan￿S with the Statement of Recommended Pradice - Accounting and Reporting by Charitses (effective January 2015). This report was 8pproved by the Trustees on . 2710912023 -and slgrEd on Its behalf by.. F Boardman Trustee stuart Pe Trust8e

Vauxhall (City} Farm Limited (A company lint•d by guar4ntse no. 01524041. Reglstered charity 281512 STATEMENT OF TRUSTEES, RESPONSIBILITY The Trustees {who are also directors ofvauxhall City Farm forttbe purtKises ofc(Mnpany law) are responslble for preparing the Trustees. report and the financial statements in accordancewith applicable law Unlted Kingdom Accountlng Standards (United [fj[￿ Generally Accepted Acu)unknrHJ Practice). Company law requires Ihe Trustses to prepare financial Stat￿nents ftjr each financial year. Under company law the TrLbStees must not approve the financial statements unless they are sisfied that they give a truè and fair vi6w of th8 State of affairs of th8 tharitable o)mpany arKI of the irmming resources and the application of resources, including the income and experKJilure of Ihe charitsble company forthat peri¢xI. In preparing these financial ststements. the Trustees are fequired to: Select suitable accounting policies and then appty them o)nsistenlly, Observe the methods and principles in the C¢￿11t18S SORP. Make judgements and acrxsunting estirnates that are reasonable and prudent; State whether applicable UK Accounting Standards have been followed, subject to any mafrTial departures disclosed and explained in the finan(aal statements- Prepaie the fin2ricial statements on the going concem basis unless it 15 inappropriate to presume that the charitable cxjmpany tx)ntinue in operation The Trustees are resp[￿sIble for keeping adequate accounting records that are sufFicient to show and explain the charitable company's transaclK)ns and disclose with reasonable ac%uracy at any lime the financial position of the charitable company and ena￿e them to ensure that the financial statements comply with the Companies Act 2006. They are also restK>n&ble for safeguardSng the assets of the charitable company and hence for taking reasonable steps for ￿ prevenlion and detecllon of fraud and other irregularities. This report was approved by the Tnjstees on .. 2710912023 by.. .￿nd signed r)n its behalf F Boardman Trustee Stuart Pe Trustee

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF VAUXHALL (CITY) FARM LIMITED For the year ending 31 March 2023

Opinion

We have audited the financial statements of Vauxhall (City) Farm Limited (the 'Charity') for the year ended 31 March 2023 set out on pages 20 to 35. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors’ report thereon.

18

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF VAUXHALL (CITY) FARM LIMITED (cont.) For the year ending 31 March 2023

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements of our knowledge obtained in the audit or otherwise appears to be materially misstated.

If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

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

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

Responsibilities of trustees

As explained more fully in the Trustees’ responsibilities statement, the Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the

19

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF VAUXHALL (CITY) FARM LIMITED (cont.) For the year ending 31 March 2023

Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatements, whether due to fraud or error.

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

Auditors' responsibilities for the audit of the financial statements

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

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

Use of our report

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

Morlai Kargbo, FCCA (Senior Statutory Auditor)

for and on behalf of Moracle Limited

Chartered Certified Accountants & Registered Auditors Statutory Auditors 960 Capability Green Luton, England LU1 3PE

Date 27/09/2023

20

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT

For the year ending 31 March 2023



INCOME FROM:
Donations and legacies
2
Charitable activities
3
Other trading activities
4,5
Investments
6
Other income
TOTAL INCOME
EXPENDITURE ON:
Raising funds
4
Charitable activities
8
TOTAL EXPENDITURE
11
NET INCOME/ (EXPENDITURE)
BEFORE TRANSFERS
20
Transfers Between Funds
20
NET MOVEMENT IN
FUNDS
RECONCILIATION OF
FUNDS:
Funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 2023 2023 2023 2022
Unrestricted Restricted Total Total
221,646
335,037
556,683
467,070
122,834
-
122,834
84,494
119,037
-
119,037
118,906
693
-
693
24
-
-
-
-
464,210
335,037
799,248
670,495
37,140
-
37,140
33,609
556,410
68,375
624,785
557,047
593,550
68,375
661,924
590,656
(129,340)
266,662
137,322
79,838
206,550
(206,550)
-
77,212
60,112
137,322
79,837
319,527
82,139
401,666
321,829
396,739
142,250
538,988
401,666

21

Vauxhall (Cltyl Farm Limited IA company Ilmlted by guarantse no. 01524041. Règlstèr•d charlty no. 2815121 BALANCE SHEEr For the year ending 31 March 2023 2023 2022 Nots FIXED ASSETS Tangible assets 16 247.872 83.977 Intsngible Assets 16 1.116 3,347 Capital Work In Progress 56.991 54,621 CURRENT ASSET8 Stocks 17 48.081 23.136 Debtors 18 47,650 38.391 Cash at bank and In hand 23 218.158 276.559 313.8 338.086 CREDITORS: amounts falling due within one year 19 80,881 78,365 NET CURRENT ASSETS 233,009 259 721 NET ASSETS 538,989 401,666 CHARITY FUNOS Reslri¢led funds 20 142.250 82.139 Unrestricted funds 20 396,739 319.527 TOTAL FUNDS 538,989 401.666 The Charity's financial stalements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financi21 statements were approved and authorize(I for issue by the Trustees on. 2710912023 signed on their behalf by. .and F Boardman stuart Peel

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

STATEMENT OF CASHFLOW

For the year ending 31 March 2023

Cash flows from operating activities
Net cash provided by/(used in) operating activities
Cash flows from Investing activities:
Dividends, interest and rents from investments
Purchase of intangible fixed assets
Purchase of tangible fixed assets
Net cash provided by/(used in) investing
activities
Change In cash and cash equivalents in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward		 2023
2022
£
£
132,546
105,058
693
24
-
-
(191,640)
(120,832)
(190,947)
(120,809)
(58,401)
(15,750)
276,559
292,309
218,158
276,559

23

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS

For the year ending 31 March 2023

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Vauxhall (City) Farm Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Company status

The Charity is a company limited by guarantee. The members of the Charity are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

1.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the Charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the Charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the Charity which is the amount the Charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognized at the time of the donation.

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

24

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

1.4 Expenditure

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

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the Charity's educational operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities.

1.5. Turnover

Turnover comprises revenue recognised by the Charity in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.6 Tangible fixed assets and depreciation

Assets costing more than £500 are capitalized in most cases.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold improvements 25% straight line General farm equipment 25% straight line Computer Equipment 25% straight line Riding Stables 9 years straight line

25

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

1.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.

1.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Horses value is written off over four years.

1.9 Debtors

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

1.10 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.12 Financial Instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.13 Pensions

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

26

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

1.14 Fund accounting

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

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

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

2. INCOME FROM DONATIONS AND LEGACIES

Donations from individuals
Grants
Corporate donations
Marketing
Total donations and legacies
Total 2022		 Unrestricted
funds 2023
Restricted
funds
2023
Total
funds
2023
Total
funds
2022
£
£
£
£
173,935
-
173,935
150,674
33,417
335,036
368,453
307,784
14,294
-
14,294
8,612
-
-
-
-
221,646
335,036
556,683
467,070
213,344
253,725
467,070

27

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

3. INCOME FROM CHARITABLE ACTIVITIES

School visits, animal outs and
sponsorships
Allotments and room hire
Riding
Corporate Challenge
Livestock sales
Filming
RDA
Farmyard trading
Other income
Total 2023
Total 2022		 Unrestricted
funds 2023
Restricted
funds
2023
Total
funds
2023
Total funds
2022
£
£
£
£
35,222
-
35,222
53,684
-
-
-
-
11,518
-
11,518
-
39,811
-
39,811
-
1,360
-
1,360
4,635
2,077
-
2,077
3,990
-
-
-
-
32,845
-
32,845
22,184
-
-
122,834
-
122,834
84,494
84,494
-
84,494

4. FUNDRAISING INCOME

Music events
Total 2022		 Unrestricted
funds 2023
Restricted
funds
2023
Total
funds
2023
Total
funds
2022
£
£
£
£
-
-
-
-
-
-
-

28

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

5. TRADING ACTIVITIES

Charity trading Income
Cafe income
Gift shop income
Fundraising trading expenses
Cafe purchases
Net expenditure from trading
activities		 Unrestricted
funds 2023
Restricted
funds
2023
Total
funds 2023
Total
funds
2022
£
£
£
£
119,037
119,037
118,906
-
-
-
119,037
-
119,037
118,906
123,600
123,600
98,837
123,600
-
123,600
98,837
(4,563)
-
(4,563)
20,069

6. INVESTMENT INCOME

Bank interest receivable
Total 2022		 Unrestricted
funds 2023
Restricted
funds
2023
Total
funds 2023
Total
funds
2022
£
£
£
£
693
-
693
24
24
-
24

29

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

7. COSTS OF RAISING FUNDS

7. COSTS OF RAISING FUNDS
Costs of raising Funds
Staff costs		 Unrestricted
funds 2023
Restricted
funds
2023
Total
funds 2023
Total
funds
2022
£
£
£
£
-
-
-
-
-
-

Total 2022

8. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND

Youth and Education
Sport and Recreation
Health and Wellbeing
Total 2022		 Unrestricted
funds 2023
Restricted
funds
2023
Total
funds
2023
2022
£
£
£
£
191,256
22,505
213,761
190,586
249,327
29,339
278,666
248,454
118,423
13,935
132,357
118,008
559,006
65,779
624,785
557,047
453,502
103,545
557,047

30

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

9. DIRECT COSTS

Staff Welfare
Staff Training & Recruitment
Travel and subsistence
Programme equipment and
materials costs
Printing, postage and stationery
Insurance
Licenses and permits
Animal welfare costs
Livestock transport costs
Repairs and maintenance
Health and safety
Miscellaneous
Sessional workers
Wages and salaries
Pension cost
Total 2023
Total 2022		 Youth
and
Education
Sport and
Recreation
Health
and
Wellbeing
Total 2023
Total 2022
£
£
£
£
£
-
-
-
-
2,205
2,874
1,365
6,445
12,567
143
187
89
419
228
3,428
4,469
2,123
10,021
18,303
1,453
1,894
900
4,247
2,803
-
-
255
332
158
744
3,764
14,773
19,258
9,147
43,178
22,501
1,468
1,913
909
4,290
1,873
2,882
3,757
1,785
8,424
8,245
1,777
2,317
1,100
5,194
4,999
-
-
-
-
-
20,443
26,650
12,658
59,751
49,226
51,727
67,433
32,028
151,188
160,092
410
535
254
1,198
1,741
100,963
131,619
62,515
295,097
286,343
97,968
127,715
60,660
286,343

31

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

10. SUPPORT COSTS

Premises
Adverting & Marketing
Vehicle Expenses
Communications and IT
Legal and Professional
Finance costs
Other costs
Auditor's remuneration
Insurance
Wages and salaries
Pension cost
Amortisation
Depreciation
Total 2023
Total 2022		 Youth and
Education
Sport and
Recreation
Health and
Wellbeing
Total 2023
Total
2022
£
£
£
£
£
7,192
9,376
4,453
21,021
17,682
2,321
3,025
1,437
6,783
3,772
1,888
2,461
1,169
5,517
4,675
2,592
3,379
1,605
7,575
4,735
6,173
8,047
3,822
18,043
10,167
2,535
3,305
1,570
7,409
5,215
3,232
4,214
2,001
9,447
6,047
1,711
2,230
1,059
5,000
5,000
9,085
11,843
5,625
26,554
22,261
64,103
83,567
39,692
187,362
168,037
1,132
1,476
701
3,310
2,685
764
995
473
2,232
2,232
10,071
13,128
6,236
29,434
18,197
112,798
147,047
69,843
329,687
270,704
92,618
120,739
57,347
270,704

32

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

11. ANALYSIS OF EXPENDITURE - BY EXPENDITURE TYPE

Expenditure on raising voluntary
income
Expenditure on fundraising trading
Costs of raising funds
Youth and Education
Sport and Recreation
Health and Wellbeing
Charitable activities
Total 2023
Total 2022		 Staff
costs
2023
Depreciation
&
Amortisation
2023
Other
costs
2023
Total
2023
Total
2022
£
£
£
£
£
-
-
-
37,140
-
37,140
33,609
37,140
-
-
37,140
33,609
104,403 10,767
98,592
213,761
190,586
136,103 14,250
128,313
278,666
248,454
64,644 6,650
61,063
132,357
118,008
305,150 31,666
287,968
624,785
557,047
342,290 31,666
287,968
661,924
590,656
259,844 22,261
308,551
590,656

33

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

12. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Youth and Education
Sport and Recreation
Health and Wellbeing
Total 2023
Total 2022		 Activities
undertaken
directly 2023
Support
costs 2023
Total 2023
Total 2022
£
£
£
£
100,963
112,798
213,761
190,586
131,619
147,047
278,666
248,454
62,515
69,843
132,357
118,008
295,097
329,687
624,785
557,047
286,343
270,704
557,047

13. NET INCOME/EXPENDITURE

2023 2022
£ £
Depreciation of tangible fixed assets: - owned by the charity 25,373 18,197
Depreciation of Horses 4,061
Amortisation of Intangible Assets 2,232 2,232
Auditor's remuneration - Audit 5,000 5,000
Auditor's remuneration - other services - -
During the year, no Trustees received any remuneration (2022 - £NIL)
During the year, no Trustees received any benefits in kind (2022 -
£NIL).
During the year, no Trustees received any reimbursement of expenses (2022 -
£NIL).

14. AUDITORS RENUMERATION

Fees payable to the Charity's auditor and its associates
for the audit of the Charity's annual accounts
 2023
2022
£
£
5000
5000

34

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

15. STAFF COSTS

Wages and salaries (incl Ers NIC)
Other pension costs
Social Security Costs
Average number of persons employed by the Charity
during the year:
General duties
Office and administration
One employee received remuneration amounting to more than
£60,000 in either year.
The total amount of employee benefits
Key management personnel employee benefits		 2023
2022
£
£
309,146
301,108
4,508
4,427
29,404
27,020
343,058
332,555
2023
2022
No.
No.
13
18
6
4
19
22
2023
2022
£
£
1
0
60,135
0
139,134
130,580

35

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

16.TANGIBLE FIXED ASSETS

16.TANGIBLE FIXED ASSETS

Temporary
office building		 Leasehold
improvements		 General farm
equipment		 Computer
equipment Riding Stables		 Computer
equipment Riding Stables		 Furnitur &
Fixtures		 Capital Work
in Progress		 Total
£ £ £ £ £ £ £ £
Cost:
At 1 April 2022 40,000 251,067.62 118,785 21,678 115,635 6,921 54,620 608,706
Additions - 178,772.26 2,017 1,415 3,840 3,225 184,983 374,252
Disposals/(Transfers) - (182,612) (182,612)
At 31 March 2023 40,000 429,839.88 120,802 23,093 119,475 10,145 56,991 800,346
Depreciation:
At 1 April 2022 40,000 242,579 116,069 16,561 53,154 1,746 - 470,110
Charge for the year 12,023 963 2,228 7,701 2,456 25,372
At 31 March 2023 40,000 254,602 117,032 18,789 60,855 4,203 - 495,482
NBV At 31 March 2023 - 175,238 3,770 4,304 58,620 5,943 56,991 304,863
At 1 April 2022 - 8,489 2,716 5,117 62,480 5,175 54,620 138,598

16.1. INTANGIBLE ASSETS

Website Design 01/04/22 Cost 01/04/22 Acc
Amortisation
01/04/22 NBV		 FY23
Amortisation
31/03/23
Accom
Amortisation

31/03/23 NBV
6,695 (3,348) 3,347 (2,231) (5,579) 1,116

16.1 CAPITAL WORK IN PROGRESS

Funder Project Supplier Total
Garfield Weston Fundraising Fee The Giving Business 7,500
Wheelchair access ramp
Garfield Weston 50% Fantastic Limited 7,000
Clothworkers Fundraising Fee The Giving Business 8,800
Garfield Weston Farm Entrance Studio Hardie Limited 16,721
Garfield Weston Farm Entrance Studio Hardie Limited 12,000
Garfield Weston Farm Entrance Studio Hardie Limited 4,970
Grand Total 56,991

36

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) For the year ending 31 March 2023

17.STOCKS

17.STOCKS
Finished goods and goods for resale
18.DEBTORS
Trade debtors
Prepayments and accrued income (Gift Aid
reclaimed)
VAT Refund Due		 2023
2022
£
£
48,081
23,136
2023
2022
£
£
15,296
6,635
32,355
26,407
-
5,348
47,650
38,390

19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other taxation and social security
Accruals and deferred income		 2023
2022
£
£
25,517
46,804
23,131
13,938
32,233
17,623
80,881

78,364

37

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

20. STATEMENT OF FUNDS

Designated funds
Designated - fixed assets fund
Designated -non- fixed assets fund
Total Designated funds
UNRESTRICTED FUNDS
General fund
Total General funds
Total Unrestricted funds		 Balance at 1
April 2022
Income
Expenditure
Transfers in/out
Balance at 31
March 2023
£
£
£
£
£
125,655
179,208
304,863
109,947
(74,423)
35,524
235,602
-
-
104,785
340,387
83,925
464,211
(593,550)
101,765
56,351
83,925
464,211
(593,550)
101,765
**56,351 **
319,527
464,211
(593,550)
206,550
396,739

38

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.)

For the year ending 31 March 2023

RESTRICTED FUNDS
The William Dean Trust
Finnis Scott
Bruce Wake Charity
Elizabeth Dendy
CLS Holdings Plc
Loriners
Walcott Foundation
Peter Harrison Foundation
Maria Marina Foundation-Education
Caring as One Foundation
Jack Petchey Foundation-Education
Grow Back Greener (GLA)
Lambeth Kick Start
Kusuma Trust
Community Garden project
Mayor'sFund For England
The Mayor and Burgesses of Lambeth
Education Hub
Fixed Asset Fund
Leathersellers
CAF Resilience Fund
Sir Walter St John SWSJ
True Colours Trust
Ann Duchess of Westminster Fund
Clothworkers Federation
Saddlers Company
Community Fund
Lambeth Council-Social value Fund
The Garfield Weston Foundation
Worshipful Company of Tinplate Makers
Total restricted funds		 Balance at 1
April 2022
Income
Expenditure
Transfers in/out
Balance at 31
March 2023
£
£
£
£
£
1,000
(1,000)
-
2,500
-
2,500
1,500
(1,500)
-
3,000
(3,000)
-
1,750
(1,750)
-
5,000
5,000
10,000
(10,000)
-
5,794
15,000
(17,901)
2,893
505
20,000
(1,419)
19,086
460
15,858
-
-
16,318
1,127
10,680
(1,127)
10,680
15,691
20,000
(35,691)
-
-
4,654
(4,654)
(0)
-
51,858
(47,858)
4,000
2,530
2,530
1,400
(1,400)
(0)
1,000
(1,000)
(0)
759
(759)
(0)
6,876
(1,293)
5,584
8,558
(8,558)
-
189
(189)
-
2,500
2,579
(5,079)
0
5,000
5,000
5,000
(5,000)
0
88,000
(45,653)
42,347
1,500
1,500
9,907
9,907
10,000
(10,000)
0
75,000
(60,095)
14,905
10,000
(2,596)
(7,404)
-
82,139
335,037
(68,375)
(206,550)
142,250

39

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

PRIOR YEAR
Designated funds
Designated - fixed assets fund
Designated -non- fixed assets fund
General funds
General funds
Total Unrestricted funds
Restricted funds
Fixed Asset Fund
The William Dean Trust
Finnis Scott
Sir Walters/Educational charities
Bruce Wake Charity
Elizabeth Dendy
Nineveh Trust for Education
Walcott Foundation
British Equestrian Federation
Peter Harrison Foundation
Marina Foundation-Education
Jack Petchey Foundation-Education
Lambeth Kick Start
Sir Walter St John SWSJ
True Colours Trust
Ann Duchess of Westminster Fund
John Lewis
London Community Response
National Lottery Community Fund
Community Garden project
City Bridge Fund
Grow Back Greener (GLA)
CAF Resilience Fund
Mayor'sFund For England
The Mayor and Burgesses of Lambeth
Kusuma Trust
Loriners
Education Hub
Riding School
Lambeth Council
CLS
Grange Farm Centre
Caring as One Foundation
The Sir Peter O'Sullevan Charitable Trust
Total of funds
SUMMARY OF FUNDS
General funds
Restricted funds
TOTAL OF FUNDS		 Balance at 1
April 2021
Income
Expenditure
Transfers in/out
Balance at 31
March 2022
£
£
£
£
£
125,655
125,655
91,677
-
-
18,270
109,947
156,741
416,768
(487,111)
(2,473)
83,926
248,418
416,768
(487,111)
15,797
319,528
6,876

-
6,876
1,000

-
1,000
2,500
-
2,500
3,000
(3,000)
-
3,000
(1,500)
1,500
3,000
-
3,000
8,000
(8,000)
-
10,000
-
10,000
10,000

(10,000)
-
15,000

(9,206)
5,794
15,000

(14,495)
505
20,819

(19,693)
1,127
37,434
(37,434)
-
2,500
-
2,500
5,000

5,000
5,000

5,000
2,000
(217)
(1,783)
-
769
-
769
(0)
334
-
334
-
3,200
(670)
2,530
912
-
912
-
-
20,000
(4,309)
15,691
189
189
1,400

1,400
1,000

1,000
0

46,742
(46,742)
0
-

5,000
5,000
760

760
35,824

18,176
(45,442)
8,558
8,000
(8,000)
-
5,000

(3,250)
1,750
8,000
(8,000)
-
10,730

(10,270)
460
15,000
(15,000)
-
55,235
271,901
(103,545)
(141,452)
82,139
Brought
forward
Incoming
resources
Resources
expended
Transfers
between funds
Carried
forward
£
£
£
£
£
319,527
464,211
(593,550)
206,550
396,739
82,139
335,037
(68,375)
(206,550)
142,250
401,666
799,248
(661,924)
-
538,989

40

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) For the year ending 31 March 2023

Purpose of Restricted Funds

The Riding Project Fund provides "riding for the disabled" and also riding lessons for local school children.

The Fixed Asset Fund represents expenditure from restricted funds on various capital items. Depreciation on these assets are charged against the fund.

The Youth and Education Fund provides tailored activities for various target groups such as local children, young people and young disabled people, together with curriculum-based education programmes for schools and community groups in and around London.

41

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) For the year ending 31 March 2023

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS

CURRENT YEAR
Tangible fixed assets
Intangible Assets
Current assets
Creditors due within one year
PRIOR YEAR
Tangible fixed assets
Intangible Assets
Current assets
Creditors due within one year		 Unrestricted
funds 2023
Restricted
funds 2023
Total funds
2023
£
£
£
27,192 277,671
304,864
1,116
-
1,116
443,044
(129,154)
313,890
(80,881)
-
(80,881)
390,471 148,518
538,988
Unrestricted
funds 2022
Restricted
funds 2022
Total funds
2022
£
£
£
27,192 111,405
138,598
3,347
-
3,347
367,352
(29,267)
338,086
(78,364)
-
(78,364)
319,528 82,139
401,666

42

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) For the year ending 31 March 2023

22. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the year (as per Statement of Financial Activites)
Adjustment for:
Depreciation charges Fixed Assets
Amortisation charges
Dividends, interest and rents from investments
Decrease/(increase) in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Assets acquired as gifts in kind		 2023
2022
£
£
137,322
79,838
25,373
18,197
2,232
2,232
(693)
(24)
(24,945)
(16,831)
(9,260)
(18,118)
2,516
21,588
-
132,546
86,882

23. ANALYSIS OF CASH AND CASH EQUIVALENTS

2023 2022
£ £
Cash inthehand andintheBank 218,158 276,559
Total 218,158 276,559

43

Vauxhall (City) Farm Limited (A company limited by guarantee no. 01524041. Registered charity no. 281512)

NOTES TO THE FINANCIAL STATEMENTS (Cont.) For the year ending 31 March 2023

23. PENSION COMMITMENTS

The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £4,508 (2022: £4,427).

At the Balance Sheet date, £1,971 (2022: £1,936) was payable to the fund and is included in creditors.

25. OPERATING LEASE COMMITMENTS

At 31 March 2023 the total of the Charity's future minimum lease payments under non-cancellable operating leases was:

Amounts payable:
Within 1 year
Between 1 and 5 years
After more than 5 years		 2023
2022
£
£
6,914
8.212
656
7,570
8,212

26. RELATED PARTY TRANSACTIONS

2023 2022
During the year, £15,000 (2022: £15,000) was received as a donation from Faith
Boardman, chairman and trustee of the charity. 15,000 15,000

During the year, fire and intruder alarm services amounting to £570 (2022: £2,000) was obtained from West London Security (WLS). WLS is owned and operated by Jeremy Ewen, husband of Alison Ewen, who is a trustee of the charity. Consideration paid for the services was on an arm’s length basis.

No amount (2022: £nil) was outstanding at the year end.

44