REGISTERED COMPANY NUMBER: 01613085 IEngland and Wales)
REGISTERED CHARITY NUMBER: 284907
Report of the Trustees and
Audit8d FinancSal Statements
forthe Year Ended 31 March 2024
for
THE MUDCHUTE ASSOCIATION
{A COMPANY LIMITED BY GUARANTEEI
Xeinadin Audit Limited
Istalulory Auditor8)
Bryant House
Bryant Road
strood
Rochester
Kent
ME2 3EW

THE MUDCHUTE ASSOCIATION
Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024
Page
Chair's Report
Report of the Trustees
Report of the Independent Audltors
9 to 12
Statement of Financial Actlvities
13
Balance Sheet
14
Cash Flow Statement
15
Notes to the Cash Flow Stat8Ment
16
Notes to the Financial Statements
17 to 30
Detailed Statemant of Flnancial Actlvltl8S
31 to 32

THE MUDCHUTE ASSOCIATION
Chair's Report
FOR THE YEAR ENDED 31 MARCH 2024
I took over as Chair in June this year. I had previously been on the Board of Trustees. l am writing this
retrospe¢lively looking back from the beginning of this year. l am delighted lo be part of the Mudchule
organisalion and have watched it grow over the years to the organisalion il Is today.
The Mudchute has never looked and fell bélter which is a real trlbule to all of the staff and volunteers who
havo workgd tirelessly this year on a number of projects. 11 has a real community feel lo il and it is wonderful
to see local families enjoyng all that Mudchute has lo offer. So many families and children from local schools
visit and enjoy all Ihal the farm has lo offer at no cost which is amaang. We also offBr a whole range of
activities for children during the school holidays.
The slaff, agaill, is led by a brilliant professional team headed by Margaret and Vicki. Every departmerkl ha8
pulled out stops to make this place what il Is today and valued by the whole community espeaally families.
The work in the Nursery was completed and we were able to furnlsh both rooms from donations from other
play provisions that unfortunately have had lo close.
The Nursery is as popular as ever and we still have a waiting list which is wonderful as we rely on the Nursery
lo provide a stable revenue source and funds much more than the Nursery.
We conlinL¢e to battle with LBTH lo secure OLtr lease. This has now been going on for far too long and we
have instructed solicitors lo act on our behalf as the lease actually ran out at the end of Juno bul rolls over
until we can agree new lease terms with the LBTH.
We had a number of successful events over the course of the year includlng an annual Dog Show and an
amazing Winter Wonderland which proved to be a graal hit with families. We have been Incredibly lucky with
our corporate volunteers this year coming from a number of organisalions to support the Mudchule by
repairÉng, planting, erecting and so much moro. It must be said that without them we would struggle to gel this
kind of work done wlh such a small team of employees.
As Chair, I would like to thank all the stsff, Friends of Mudchule, the volunteers and the corporate groups for
a51 their efforts this year and for pulling Mudchule on the map yet ag2in.
l am also honoured lo Ch8ir a brlllianl team of Trustees that bring a vast llumb6r of skills and knowledge lo
tho table each month and provide support to the Management T8am.
S Mortimer- Chairp8rson
Dale.. 1 Ilh December 2024
Page I

THE MUDCHUTE ASSOCIATION (REGISTERED NUMBER: 01613085)
Report of thè Trustees
FOR THE YEAR ENDED 31 MARCH 2024
The Iruslees who are also directors of the charity for the purposes of the Companles Act 2006, present their
report with the financlal slalemenls of the charity for the year ended 31 M8rGh 2024. The annual report serves
the purpoges of both Trustees R&port and Directors Report under company law. The Trustees Confirm that
the Annual report and Financial statements of the charitable company comply with the current slalutory
requirements, the requirements of the companys goveming do(xJmenl and the provislons of the Statement of
R8commended Practice (SORPI applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective January
20191.
The report is prepared in accordance with the small company regime (Section 419(21 of the Companies Act
2006).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The putwsa of the charitable company is lo preserv& the area known as Th8 Mudchul8, Tha Isle of Dogs,
London, E14 for the benefit of the commur¢ity, in the London Borough of Tower Hamlets and in particular The
Isle of Dogs and the nelghbourhood thereof in perpelulty.
Significant activities
Details of the significant aclivllles of the charity can be found in the Achievement and Performance secllon of
the Report of the Trustees.
Public benefit
The Iruslees have considered the Charity Commission guidanco on public benefit and consider that the
activities of the Charity meet ils charilable objects and provide a benefit lo the p￿blic. We will continue lo me&1
the requlremenls by ensurlng that the nursery & after school club continue lo provide affordable childcare for
local residents, and alongside other educational activities lincluding school vi8its, summer camp programmes
elc.), give a unique opportunity in a Central London location for children lo experlence and learn about the
animals and their habitats.
Grantmaking
Tha eharity has no grant making poli¢y. No grants were made during the year.
Prlnclpal Risks and Uncertainties
As per prior years. the principal risks facÉng the organisation relate to cashflow management, day-to-day
oporalion81 activities and the lease renewal.
As wlh any charitable organisation our income from year-lo-year can be affe¢led by the availability of grants,
however in AAudchule'g case the potential for volalilily is reduced by earned in¢omtr from the nursery and
other aclivilies which we are abNays looking for opportunities lo increase andlor diversify. Income & Expenses
are budgeted for the financial year and monitored monthly as part of our Govèmance fram8work.
Ongolng Operational rlsks include Health & Safely risks, public & employee liability and regulatory risk
le.g.Ofsledl,' they are mlligaled by good working practices & pmcedures. pro-active management and
insurance cover where appropriate.
Lastly whilst the lease expired in June it is subject lo the provisions of the 1954 Tenant Act so continues on
until lerminaled in accordance with the Acl. The Iruslaes are actively negolialirkg the renewal terms with
Tower Hamlets and look to work conslruclively with them over the coming weeks lo resolve the remaining
issues as soon as possible.
Principal fundlng sources
Principal funding sources lo the charity come from grants, voluntary income and earned income. These
funding sources support the charity's key objectives by enabling the continued provFsion of affordable
childcare for local residents. and enable children in Central London lo experience & learn about animals &
their habitals.
Page 2

THE MUDCHUTE ASSOCIATION {REGISTERED NUMBER: 016130851
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Directorfs Report
Aprll 2023 - March 2024 seems lo have been the year when MudGhule fully recovered from Ihe ill effects of
Covid 19. All services have been running at full capacity and wts have been able lo continue to provide
residents of Tower Hamlets and neighl)ouring Borough5 with the benefils of Mudchute's unique natural
resources.
To satisfy the demands from local residents in need of ¢hlld¢are, we have been able lo increase th8 number
of available places in our Children's Nursery, enabling us lo provide nursery places for an addltional 24
children.
The success of the nursery is a vital link lo the sustainability of Mudchute, the income from this providing us
with tho shortfall in funding, neGe888ry to maintain the Park and Farm. Recruitment ol new staff for the
nursery has been problematic bul we are fortunate lo have a minimal turnover of staff and new staff. r8cruited
from local residenls,have proven to bé a marvellous asset lo the leam.
The successful Apprenticeship Project conllnues lo provide much needed support and employment
opportunities for young people. East End Community foundation have funded tho project since It8 offset and
for several years, additional funds havtr been donated by the Worshipful Company of IrTrsurers.
The volunteering support from Corporate Groups has been playing a major part in the maintenance and
upkeep of the environmental resources of Mudchute and are responsible for many of the repairs and
aesthetic developments that are made each year.
I have mentioned the valLte that the Corporate Volunteers bring to MLsd¢hule and have to 8mphasise that the
indlvldual volunlears who turn oul each week lo offer their service free of charge are irkvalu8ble.. So many lum
up al Mudchute week in, week out irrespective of how bad Ihe weather might be and use their many individual
skills lo ¢omplete a diverse range of tasks. These include.. plumbing, general building malntenance, farm
duties, shop and receplion work, childcare and adminislralion.
The CoTnmunily Granl funding which enabled Mudchute lo provide the excoplionally successful Free Play
Project each week finished this year. The project provided much needed play opportunities for hunolreds of
children throughout the year and its demise would be 5J major loss for ils many particlpanls. However. the
success of the proiecl had been noted and another organisalion S&CLJred suffici8nl funding to enable the
project to continue.
The tenure for the popular Mudchute Kitchen ceased in December 2023 and afl8r much deliberation, the
Trustees made the deci8ion lo lake the cafe back irÈ house. Unfortunately, a range of unfortunale
circumstan￿S have delayed the refurt)Ishment of the café bul il will be operational in the next linanGial year.
I would like lo finish by addlng my sincere thanks lo all volunteers, Trustees, the many financial supporters
includlng the Worshipful Companies, local businesses, Trusts and individual donors and last but not least, the
loyal, hardworking staff team who work tirelessly to keep Mudchule running.
Nursery
Once again. the nursery has gone from strength lo strenglh. The proposed expansion of the setting, was
finally completed in 2023, allowing the service lo create an extra room with extra childcare places.
The Nursery is still over subscribed with families wailing up lo a year lo be offered a place. With the new free
Childcaro Scheme for two-year-old infants and babies arriving In 2024, we expect lo see yet another increase
in demand for places.
A big problem the serwce has encountered over the year, has be8n the reGwitmenl of staff. With the
expansion of the setting and additional childcare places, we have needed lo re¢ruil additional staff but like
many other childcare sellings, this has been extremely very challenging. Th8 la¢k of qualrfied stsff has
hampered our ability lo operate a full service, and Gonsequenlly, we have not been able lo meet the demand
for nursery places.
Page 3

THE MUDCHUTE ASSOCIATION (REGISTERED NUMBER.. 01613085)
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
Over the last few years the Childcare sector has been under extreme preSs￿re wllh experienced qualified staff
leaving in their drovfjs, due lo poor pay, long hours and the work load, all of whlch has conlribuled lo the
situation.
Three valued members of staff left our service, lo pursue different careers of their Choosing. However, our
exislng staff have worked extremely hard Ihroughoul Ihe year, working gxlra hours lo ensure the service
continued to offer the highest qualily of chiklcare.
Wilhoul this dedicated, commilled staff team, Mudchul8 Nursery wouldr¢'l be what it is t(xlay, so I would like lo
express a "Big Thank You. to them all.
I look forward to the coming year, welcoming new children 2nd their families beginning Iheirjourney with us al
MLEdchule.
Thè Education Project
The Education ptoject has recorded upwards of 14,000 school age children allendances durlng the course of
the last year.11 is as ever very rewclrding delivering this work.
The wonderful working relationship with the farm staff team has been great iri a8sisling the education team
deliver the farm tours {900 allendances July 23 - January 241, workshops (480 21tendances July 23 - January
241 etc.
We have a number of gri)ups that attend regularly from George Gieens School1500 attendances July 23
January 241, George Greens outreach programme {300 attendances July 23 - Janugry 241, Phoenlx School
1400 allendances July 23 - January 241, and Phoenix College1300 alt8ndances July 23 - January 241, who
undertake various tasks on the open space and farm.
This in Ilseif is a challenge lo the particdpanls as most have additional needs with the students from Phoenix
School and College having high level needs with mosl being non.verbal. Some of the work undertaken by
them includes fighiing the endless wbbish Ihal is discarded by visitors.
Our green fingered gardeners have again been growlng a vast array of v6gelables from potatoes and carrots
and Chillies, all of which have been harvested and made into tasty meals whSch have been enjoyed by all.
Broadening the sludenls tastes as well as provlding a hol m681 for some of the more vulnerable all8r¢dees
when access lo fresh home grown vegglables at home Gan be limited. Tho meals are eaten in our Glassroom
al a table without any Computer, television or phone sGreens which encoLJrages the natural flow of
conversalion whilst eating a healthy meal.
Our children have made cakes. jams, chulneys and other preserves all with home grown produce. All of the
students work towards a certificate of achievement for differerkt tasks with these tasks glving them essential
life skllls that they take away with them.
We also facilitate independent school visils13,000 attendances July 23- January 24).
As part of our continued collaborative work with Phoenix Collegè, assisting wlh the learning of pile skills and
the progressK)n of students, we have secured funding lo provide a work placement for one of Ihelr long term
nonverbal, aulislic students, who now has paid work here al Mudchute for one hour a week. The edu¢alion
and farm ttrams continue to provide an education81. fun and affordable time al MLJdcP7ute.
The Park and Farm
The peri￿ under review has seen constant 8clivity on the farm with staff and volunteers once again working
lo improve our facilities and enhan￿ our fabulous selling.
The animals again have kept us busy, with the changlng of the seasons always a conslanl, with the
welcoming of new arrivals in the spring, further helplng to conserve our native rare breeds.
Page 4

THE MUDGHUTE ASSOCIATION (REGISTERED NUMBER.. 01613085)
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
Alongside all of our usual goings on such as allending agricultural shows, conservation grazlng and providing
aniTnals and sometimes a famier lor film and T.V work, we have also sold all v8riet16s of livestock to other
flocks and herds around the U.K as the genetic base that is held here within our breeds is much sort after by
other farmers and rare breed keepers. This again Solidifies the importance of the conservation work that w6
undertake here al Mudchute.
Our visitor numbers continue to increase as families, baltte with the cost of Ilving crisis and are unab16 to
afford the days out lo expensive allraction5 as they strive lo save money.
I would like lo thank all of our hardworking staff and volunteers for another great year at the Mudchute.
FINANCIAL REVIEW
Reserves policy
The trustees deem it pnjdent to hold 3 months running costs In unrestracled funds not allocated against fixed
assets. As of 31st March 2024 the unrestricted resetves of £296,241 is equal lo approximately 2 months
running costs and we will look to build this back up again during the next financial periods. These funds are
held lo ensure that in the event of a major incident preventing revenue generating activity, OLir running ¢osts
{gxcluding avoldable exlemal costs) could conlirhue lo be mel.
The balance on all restrtcled and unrestricted funds and explanation of why held Gan be found note 19 10
the financyal slatemenls.
Oveniiew
The Statement of Flnanci81 Activities shows a surplus for the year of £35,98612023', £261,939).
Our reserves sland at £836,84412023'. £800,858).
The surplLts for the current year is comparabla lo the operating surplus for 2023 of £40K after taking out the
donated nursery works from LBTH.
Going concern
Accounting stsndard8 require the Trustees lo consider the appropriateness of the going concern basis when
preparing tlie financial statements. After revi8wifhg forecasts and projections, tho Trustees havo a reasonable
expectation that tho Charity has adequate resources lo continue in op8ratlonal existencè for the foreseeable
future. The Trustees therefore continue to adopt the going concern basls in preparing the financial
slalemenls.
Tax slatU5
The charitable company is exempt from taxation on Charitable actlvilies.
FUTURE PLANS
Th8 cSosure of the equestrian centre has allowed us to continue to Irlal allernalive uses. including renting unlts
to local pop-up traders and hosting communlly svenls such as dog handling training.
We also refurbished tho c8fé and re-opened with a llew team & menu. 11 is anticipated that we will use these
facilities to run various community themed evenls throughout the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing do¢ument
The charity is controlled by ils governing document. a deed of trust, and constilules a limited company, limited
by guarantee, as defined by the Companies Act 2006.
Page 5

THE MUDCHUTE ASSOCIATION (REGISTERED NUMBER.. 01613085)
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational stru¢ture
The Mudchule Is governed by a board of trustees consisting of members of the local community who are
elected al the annual general meeting.
The board of Irustè8s has overall responsibility for ensuring that the finances al IAudehule ar6 adminisler&d
ac¢ordingly, in order to meet ils legal and other obligations. a.g.. Charities Act, Incom6 Tax, VAT. Companies
Act 2nd Common Law.
The role of the treasurer. appointed from the board of Irustees. is lo understand accounting procedures and
key inlemal controls, so a8 to be able to assure the board of Mudchule's financial inlegrily.
The charllab5e company is managed on a day lo day basis by the Margarel Tracey. who reports lo the board
of trustees.
Induction and tralnlng of new trustees
The Trustee Board continues lo be strong, Mqlh 811 key skills being filled. The Iruslees of the Mudchule
Association are selected in accordance with the various categorles set out in our Articles of Associallon, the
maximum pèrmilleé beirig fifteen.
We continue lo ensure that me6lings and Iruslee involvement tskos place in a transparfjnl and engaged
manner, and ensure training is provided as required.
Administration. Finance and Stafflng
A combination of Margaret Tracey. Vlcky Slror¢g and flnanGe officer Zemlchael Abrha. supported by other
team members has ensLFred the smooth mnning of the adminlstralion & finances of the association.
Warren Bun¢e has continued lo play a much appreclaled role as IT manager, and also assisted on brand
promollon and recruiting long term volunteers.
Remuneration
The finance sub committee made up of the chairperson, treasurer, HR trustee, the director and finance
officèr, in addition lo the overall finances of Mudchule, Focuses on the eslablishmenl of good employer
practices. The committee is responsibl8 for the revlew of staff salaries each year as part of the annual
budgetary process.
Truste8s Indemnity
The charitable company has arranged qualifying indemnity insurance for the trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01613085 (England and Wales}
Registered Charity number
284907
Registered office
Mudchule Farm & Park
Pier Street
Isle of Dogs
London
E143HP
Page 6

THE MUDCHUTE ASSOCIATION (REGISTERED NUMBER: 016130851
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
Trustoes
M D Humber
M R Philllps
M Barraclough
J H Abbott {resigned 27.4.231
R J Swindells
C Kirkwood Iresigngd 27.4.23)
M Gray
T Webb
T J Roper Mead
Sche
L Cavanagh Iresigned 4.7.241
Young18ppointed 27.4.231
T Joseph {appoinled 2.5.241
S A Mortimer (appointed 2.5.241
D Glark lappoinled 2.5.241
Auditors
Xeinadin Audit Limited
Islalulory Audilorsl
Bryant House
Bryant Roa
Strood
Roehester
Kenl
ME2 3EW
Bankers
Barclays Bank PIC
Leicester
LE87 2BB
CAF Bank Ltd
25 Kings Hlll Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Iruslees (who aro also the directors of The Mudchule Association for the purposes of company law) are
responsible for preparing the Annual Report and the financi81 slalements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Acceplod Accounting Practice).
Company law requires the trustees lo prep8re financial stalcments for each financial year which give a true
and fair view of the slate of affairs of the charitable company and of the illcoming resources and application of
resources. including the income and expenditure, of the charitable company for that period. In preparing those
financial slalemenls, the trustees are required to
select suitable accounting policies and then appty them consistently.,
observe the methods and principles in the Charity SORP.,
mak8 judgements and estimates that are reasonable and prudent.,
prepare the financial statements on the going concem basis unless il is inappropriate lo presume that the
charitable company will continue in business.
Page 7

THE MUDCHUTE ASSOCIATION {REGISTERED NUMBER.. 016130851
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES- contlnued
The Iruslees are responsible for keeping proper accounting records whlch disclose with reasornable accuracy
at any time the financial position of the charitable company and lo enable them lo ensure that the financial
slalements comply with th8 Comp2nies Act 2006. Thoy are also responsible for safeguarding the assets of
the ch8ri18ble company and hence for taking reasor¢able steps for the preventi(￿ and deleclk)n of fraud and
other irregiilarilies.
In so far as the trustees are aware..
there is no relevant audit information of which the charitable company's auditors are unaware., and
the Iruslees have taken all steps Ihal they ought to have taken lo make Iliemselves aware of any relevant
audit Informatlork and lo establish that the auditors are aware of that information.
AUDITORS
The audiltsrs, X8inadin Audit Limlled, Urill be proposed for re-appoinlmenl 81 the ft)rthcoming Annual Gener21
MeE)ling.
This report has b@en prepared in accordance wth the special provisions of Part 15 of the Companies Act
2006 relating lo small companies.
Approved by order of the board of trustees on 11 December 2024 and signed on its behalf by..
S A Mortimer- Trustee
Page 8

Report of the Independent Auditors lo the Members of
The Mudchute Association (Registered number: 016130851
Opinlon
We have audited the financial statements of The Mudchule Association Ilhe'charitable comparn5P) for the year
ended 31 March 2024 which comprise the Slalemenl of Financial Activities, th6 Balance Sheet, the Cash
Flow Statement and notes to the financial slalemenls, including a summary of significant accounting p)licies.
The financial reporting framework that has been applled in their preparalion is applicable law and United
Kingdom Accounting Standards (United Kingdom Generally A￿pIed Accounling Practice).
In our opinion Iht financial stalem8nts'.
give a true and fair vtew of the slate of th8 charitable companls affairs as al 31 March 2024 and of its
incoming resoLtrces and applicallon of resources, including its income and expenditure, for the year the
ended.,
have been properly prepared in accordance wilh United Klngdom Generally Accepted Accounting Practice-
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducte.d our audit in accordance with International Standards on Auditing {UKI IISAS (UKII and
applicabl8 law. Our rasponsibililies under those standards are ftjrther describéd in the Auditors,
respon8ibililies for the audit of the fir)ancial statements section ol our report. We are independent of the
charitable company in acoordance with the ethical requirenienls that are relevant to our audit ol the financial
slalemenls in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical
responsibilities in accordance wlh these requirements. We believe that the audit evtdtsnce we have oblained
is sufficient and approprFale lo provlde a basis for our opSnion.
Concluslons relating to golng concern
In audlling the financtal slal8menls, we have concluded that the trustees. use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Charitable comparls ability lo
continue as a going concern for a period of at least twelve months from when the financial statements are
aulhorised for issue.
Our responsibilities and the responsibilltles of the trustee8 Wlth respect to going concem aro described in the
relevant sections of this report.
other information
The Iruslees are responsible for the other information. The other information comprises the information
includad in the Annual Report, other than the financlal slalements and our Report of the Independent Auditors
thereon.
Our opinion on the financial slalements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, w8 do not eJ(press any form of assurance ￿Clusion Ihereon.
In connection wth our audit of the financial stat8m6nls, our rasponsibility is lo read the other Information and.
in doing so, consider wholher th8 other information is materially inconsistent with the finanGial slalements or
our knowledge obtained in the audit or olhenwise appears to be malerially mSsstaled. If we identify such
material inconsislencles or apparent mal&rial misslalements, we are required to determine whether this gives
rise 10 8 materlal misslatemenl in the financial statements themse5ves. If, based on the work we have
performed, we conclude that there is a material misslatemellt of this other information, we are required lo
report that fact. We have nothing to report in this regard.
Oplnlons on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the infomiation given in the Report of the TrLtslees for the financial year for which the financial statements
are prepared is consislenl with the fin8ncial statements., alld
th8 Report of the Trustees has been prepared in accordance with applicable legal requiroments.
Page 9

Report of the Independent Auditors to the Members of
The Mudchute Associatian (Registered number- 016130851
Matters on which we are required to report by exception
In Ihe light of the knowledge and understanding of Ihe charitable Company and its environment obtained in the
course of the audit, we have not identified material misslalements in the Report of the Truslees.
We have nothing lo report in respect of the following matters where the Companies Act 2006 requires us lo
report lo you if, in our oplnion..
adeqLtale accounting records have not been kept or returns adequate for our audtt hav8 not been received
from branches not visited by us., or
the financial slalemenls are not in agreement with the accounting records and retLsms', or
certain dlsclosures of trustees. remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit,. or
the trustees were not entitled to lake advantag6 of the small companies exemption from the requirement lo
prepare a Strategic Report or in preparing the Report of the Trustees.
Responslbilities of trustees
As explair¢ed more fully in the Statement of Trustees, Responsibilities, the Iruslees (who are also the directors
of the charitable company for thè purposes of company lawl are responsible for the preparation of the
financial slalemenls and for being satisfied that they give a IrLte and fair view, and for such internal control as
Ihtr trustees determine is ne￿sSary lo enable the preparation of financial statements that are free from
material misslalemenl, whether due lo fraud or error.
In preparing the financial slalemenls, the tmstees are responsible for assessing the charitable Gompanls
ability to continue as a going concem, disclosing, as applicable, mallers related to going concern and using
the going concern basis of aceaunling unless the Iruslees either intend to liquidate the charitable company or
lo cease operations. or have no reallstic allernalive bul to do so.
P8g8 10

Report of the Independent Auditors to the Members of
The Mudchute Assoclation {Reglstored number.. 01613085)
Our responsibilities for the audit of the financial statamènts
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misslatemenl, whelher clue lo fraud or error, and lo issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance 15 a high level of asgurance, bul is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always delect a material misstalemenl when it exists.
Misstalemenls can arise from fraud or eNor and are consldered material if, individually or in tho aggregate,
they could reasonably be expected to Influen￿ the economic decisions of users taken on the basis of these
rinancial stalem&nls.
The extent to which our p￿c￿edureS are capable of delecling irregularities. including fraud is detailed below..
Irregularities, Including fraud, ar8 instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to delect material misslalemenls in respect of
Irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities.
including fraud is detailed below..
We identify and assess the risks of material misstatement of the financial slateM&nts, whether duo to fraud or
error, and then design and perform audit procedures responsive lo those risks, indudlng obtaining a￿dIt
evldence that is sufficient 8nd appropriate to provide a basis of our opinion. These procedures included..
Discusslons with management and assessment of known or suspected instances of non-compliance w41h
laws and regulations lincluding heaSih and safety) and fraud., and
Assessment of identÉfied fraud risk factors- and
Review of cash expenditure lo Confirm no evidence of personal benefit,. and
Challenging assumptions and judgements madÉ) by management in its significant accounting estimates., and
Performing anal￿1¢81 Pfocedures to identify any unusual or unexpected relationships, Including relalad paty
Iransaclions, that may indicate risks ol material misstalomenl due to fraud.. and
Confirmation of related parties with managemonl, and review of transactions throughout the period to
identify any previously undisclosed transactions with related partieb outside the normal course of business.
and
Reading minut&8 of meetings of those charged with govemance., and
Physical inspection of tangible assets susceptible lo fraud or irregularity. and
Review of significant and ursusual Iransacliorits,. and
Identity and tosting journal entries, in particular any manual entries made al the year end for financial
slatemenl preparation.
Owing to th8 inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misslatemenls in the financial statemer7ls, everk though we have properly plsjnned and porformed our
audit in accordance with auditing standards. We are not responsible for preventing non-compliance and
cannot be expected to detect non-compliance with all laws and regulations.
These inherent limitations are particularly slgnificant in the case of misstalemenl resulting from fraud as this
may involve sophislicaled schemes designed lo avoid deleclion, including deliberate failure lo rewrd
transactions, collusion or the provision of intentional misrepresentations.
A furthér description of our responsibilities for the audit of the finan¢ial slalemenls is located on tho Financial
Reporting Council's websitè at www.frc.org.ukJaudltorsresponsibililies. This description forrns part of our
Report of Ihts Independent Audltors.
Page 11

Report of the Independènt Auditors to the Members of
The MudchutÈ Assoclatlon (Registered number- 016130851
Use of our report
This report Is made solely to the Charitable compan5Ps members, as a body, in accordance Ghapler 3 of
Part 16 of the Companles Act 2006. Our audit work has been undertaken so that we mlghl st21e lo the
charitable company's member8 those mallers we are required lo stale lo them in an auditors, report and for
no other p￿￿oSe. To the fullest extent permilled by law, we do not ac￿p( or assume responsibility lo anyone
other than the charitable company and the charitable companvs members as a body, for our audit work. for
this report, or for the opinions we have formed.
Mark Friend Bsc FCA Islalutory Auditor)
for and on behalf of Xeinadin Audit Limited
Istalulory Auditors)
Bryant House
Bryant Road
Slmod
Rach&sler
Konl
ME2 3EW
11 December 2024
Page 12

THE MUDCHiYfE ASSOCIATION
Statement of Financial Actlvltles
Iln¢orporating an Income and Expenditure Account}
FOR THE YEAR ENDED 31 MARCH 2024
2024
Total
funds
2023
Total
funds
Unreslricled
fL¢nds
R&stricled
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legaci8S
114.269
104,670
218,939
498,348
Charitable activities
Operation of patk and farm
1,371,597
1,371,597
1,121,938
Other trading activities
Investment income
153,495
2,811
153.495
2,811
151,485
802
Total
1,642,172
104,670
1,746.842
1,772,573
EXPENDITURE ON
Raising funds
40,433
40,433
15,077
Charitable activltles
Operation of park and farm
1,568.552
101.871
1,670.423
1,495,557
Total
1,608,985
101,871
1,710,856
1,510,634
NET INCOME
33,187
2,799
35,986
261.939
RECONCILIATION OF FUNDS
Total funds bmught foNard
263,054
537.804
800,858
538,919
TOTAL FUNDS CARRIED FORWARD
296,241
540,603
836,844
800,858
CONTINUING OPERATIONS
There were no unrecognised gains or losses other than the surplusldeficil for the year. The accompanytng
accounting policies and notes form an integral part of these financial slalgments.
Thè notes form part of these financial statements
Page 13

THE MUDCHUTE ASSOCIATION (REGISTERED NUMBER.. 016130851
Balance Sheet
31 MARCH 2024
2024
Total
fund5
2023
Tolal
funds
Unrestrtcled Restricted
funds
funds
Notes
FIXED ASSETS
Tangible assets
14
122,381
539,885
662,266
657,935
CURRENT ASSETS
Stocks
Debtors
Prepayments and accrued income
Cash al bank and in hand
15
916
47,467
4,983
314.955
916
47,467
4,983
315,673
2,738
39.225
10,484
268,126
718
368,321
718
369,039
320.573
CREDITORS
Amounts falling du8 within one year
17
{109,9981
{109.998}
{95,656}
NET CURRENT ASSETS
258,323
718
259,041
224,917
TOTAL ASSETS LESS CURRENT
LIABILITIES
380.704
540.603
921,307
882,852
ACCRUALS AND DEFERRED INCOME
184.4631
184,4631
181,9941
NET ASSETS
296.241
540,603
836.844
800,858
FUNDS
Unreslricled funds
Restricted funds
19
296,241
540,603
263,054
537,804
TOTAL FUNDS
836,844
800,858
These financial stateM$nts have been prepared in accordance with the provlslons applicable lo charitab18
companies subject lo the small companies regime.
The financial statements were approved by the Board of Trustees and aulhorised for issue on
11 Dscember 2024 and were signed on its behalf by..
S A Mortimer- Trustee
M D Humbar- Trustee
The notes form part of these financial statements
Page 14

THE MUDGHUTE ASSOCIATION
Cash Flow Statement
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activlties
Cash generated from operations
Interest paid
113,675
13,2271
356,931
{2,3151
Not cash provided by operating activities
110,448
354,616
Cash flows from investing activili8S
Purchase of tanglble fixed assets
Interest received
{65,712)
2,811
1244,921)
802
Nel cash used In investsng 8clivilies
162,9011
1244,1191
Change In cash and cash equivalents
Sn the reporting period
Cash and cash equivalents at the
beginning of the reporting period
47,547
110,497
268,126
157,629
Cash and cash equivalents atthe end
of the reportlng period
315,673
268.126
The notes form part of these financial slalemenls
Page 15

THE MUDCHUTE ASSOCIATION
Notés to the Cash Flow Statement
FOR THE YEAR ENDED 31 MARCH 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net Income for the reportlng perlod las per the Statement of
Financial AGtlvltles)
Adjustments for:
Depreciation chaiges
Loss on disposal of fixed assets
Interest received
Interest paid
Decreasellincreasel in stocks
Increase in debtors
Increase in creditors
35.986
261,939
61,381
51,299
543
{8021
2,315
11,5971
16,9091
50,143
(2,8111
3,227
1,822
12,741)
16,811
Net cash provided by operations
113,675
356,931
ANALYSIS OF CHANGES IN NET FUNDS
At 114123
Cash flow
At 3113124
Net cash
Cash at bank and in hand
268.126
47.547
315,673
268,126
47,547
315,673
Total
268.126
47,547
315,673
The notes form part of these financial slalemenls
Paga 16

THE MUDCHUTE ASSOCIATION
Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024
STATUTORY INFORMATION
The Mudchute Associalion is 2 company limited by guarantee and has no share capital. The Ilability of
each member in the event of winding up is limited to £1.
The company is registered in England and Wales, Registered Number 01613085 and ils reglster6d
office is
MudGhute Farm & Park, Pier Street, Isle of Dogs. London, E14 3HP.
The presenlalK)n currency of the financial statements 18 the Pound Slerllng 1£). Flgures are rounded to
th6 nearest pound.
ACCOUNTING POLICIES
Basis of preparation
The financial statements of the charitablè company, whlch is a public benefit entity under FRS 102,
have been prepared in accordance with Ihe Charities SORP IFRS 102) 'Accounting and Reporting by
Charities- Statement of Re¢ommended PractiCEJ applicable to charities preparing their acoounls Iti
accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS
1021,, the Financial Reporting Standard 102 'The Financial Rep()rting Standard applicabl8 in (he UK
and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared
under the historical cost convonlion.
Going concern
No material uncertainties that may cast doubl about the ability of the charity to Continue as a going
concem have been idenlifi8d by the Iru516es.'
See rsole 21 which refers to the ongoing negotiations between The Mudchute Association and The
Londor) Borough of Tower Hamlets lo agree the terms of the lease renewal of Mudchute Farm. As al
the date of the signing of the accounts, there are no factors the trustees are aware of that would
indlcal8 that the lease is not going lo be renewed.
Recognltlon of income
Irkcome is included in the Statement of Financial Activities when the charity becomes 8nlilled to the
resource, 11 is more likely Ihall not Ihdl Ihe trustees will receDie the resources., and the manetary v31ue
can be measured with sufficient reliability.
In addllion, income from the sale of goods is recognised whell the company has transferred the
significant risks and rewards of ownership lo the buyer and the company retains neither continuing
managerial involvement lo the dagree usually associated with the ownership nor effective control over
Ihg goods sold.
For the rendering of services the percentage of completion method is uséd to calculate the income
recognised al the p&riod end unless services are parformed by an indeterminate number of acts over 8
specified period of lime, in which circumstance income is recognised on a 51raighl-line basis over the
specified period.
Incomo is recognised al fair value, derived from ordinary actwilies and nel of sales lax8s and any trade
discounts.
Donations
Don8tions are included in the Slalement of Financial Activities whon the genoral income recognition
criteria are m61.
Volunteers. contrlbution
The contributlon from volunteers has not been included in the Statement ol Financial Aclivi118s as the
value of their contribution cannot be reliably quantified ill financial terms.
Page 17
contlnued...

THE MUDCHUTE ASSOCIATION
Notes to the Flnancial Statement5 continu8d
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES- contlnuad
Recognitlon of income
Gift Ald
Gift Aid receivable is ir¢cluded in income when there is a valid declaration from the donor. Any Gift Aid
amount recovered on a donation is considered lo b8 part of that gift and is treated as an addition lo the
Same fund as the initial donation unless the donor or the terms of the appeal have specified Othe￿ISe.
Expenditure and liabilities
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligallon
committing the charily lo that expenditure. it is probable that a transfer of economic benefits will be
reqUI￿d in selllemenl and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the cal@gory. Where costs cannot be directly allribuled lo particular headings they have been
allocated to acliviliès on a basis consistent with the use of resources.
Allocation and apportlonment of costs
All support costs are allocated directly lo the Charitable Aclivltles which they support. Whilst a minimal
amount of support costs could be allocated lo governance costs. ￿ is not considered appropriate for
such an allocation lo be made due lo the cost involved in doing so and since there would be no impact
on the true and fair view of the accounts produced.
Tangible flxed assets
Depreciation is provided at the followlng annual rates In order lo write off aach asset over ils estimated
useful life.
Short leasehold
Fixlures and fillings
Motor vehicles
Computer equipment
6'1D on reduclng balance
25 % on reducing balance
25Q/o on reducing balance
154/0 on reducing balance
Fixed assets costing less than £1,000 are not capilallsed bul are treated as expensed in the year of
purchase.
Tangible fixed assets are slated at cost 18ss accumulated depreclallon. Cost includes costs direcly
allribulable lo making the asset capable of operatirkg as intended.
Regular impalrmenl reviews are carried oul lo ensure Ihal fixed 2ssels are recorded irn the financial
slalem&nls 81 no more than thelr recoverable amount. Any resulting impairment Ioss 18 measured and
recognised on a consistent basis.
stocks
Stocks are v8lued at the lower of cost and nel rottli5able valL¢e, after making due 211owance for
obsolete and slow movlng items. Cost is based on the cost of purchase on a first in, first out basis.
Fund accounting
Unreslricled funds are funds which are expended al the discretion of the Iruslees in furtherance of the
objects of Ihe charity.
Reslricled funds are funds sublecl lo specific Irusls. which may only be expended in accordance wlh
the conditions imposed by the donors.
Pansion costs and other posl.retlrement beneflts
The charity operates defined benefll contribution schemes covering the majority of its permanent
ernployees. Th& assets of the schemes are held separately from those of the charity in independently
administered funds. The pellsion cost charge represents contributions payable by the charity to the
funds.
Page 18
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Financlal Statéments - continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES- continued
Flnancial instruTnents
Basic financial asselslliabilities including trade and other receivabl8slpayables and cash and bank
balances, are initially r8cognised at transaction price unless the arrangement constituleg a financing
transaction (loan over period of limel where the transaction is measured al present value of the fLFlure
re￿ip1S discounted at 2 market rale of inleresl. Such asselsAiablliti6s are subsequently carried al
amortised cost using the effective inlerest method.
Keyjudgements
In prepar¢ng these financial stslemenls, the trustees have made the folloming judgements..
Determine whether there are indicators of impairment of the companls tsngible assets, Factors taken
into consideiation in reaching such a decision include the economic viability and expected futur8
financial performance of the asset.
Delemine whether leases entered into by the company ellher as a lessor or a lessee are operating or
finan¢e leases. Thfjse decisions depend on an a88essrnenl of whether the risk and rewards of
ownershlp have been transfeETed from the lessor to the If)bsee on a lease byloase basis.
other key sources of èstimation uncertainty
Tangible fixed assets, other than invoslmenl propertles. are depreciated over their useful lives taking
into account residual values, whore appropriate. The actual lives of the assets and residual values are
assessed annu811y and may vary depending number of factors. Residual valu8 assessments
consider issuas such as future market conditions, the rewaining life of the asset and projected
disposal values.
Employee bénaflts
All employee benefit costs to whioh employees have become entitled as a result of service rendered lo
the enlily during the reportir¢g period are recognised as an expense, unless the financial reporting
standard requires the cost to be recugnised as part of the cost of an asset, or as a liability, alter
deductlng amounts that have been paid either directly lo the employees or as a contribution lo an
employee benefit fund. If the amount paid exceeds the obligation arising from s6rvice before the
reporting dale, the excess is recognised as an asset to the exlenl that the prepayment Mfjll lead lo a
reduction in future payments or a cash refund.
Hlre purchase and lea51ng commitments
Assets held under finance lease and hire purchase contracts are capilallsed In the balanoe sheet and
depreciated over Ilieir expected useful lives. The interest element of the leasing payment8 represents
a constant proEH)rtion of the capital balance oulstsnding and is charged lo the profit and loss account
over the period of the lease.
All other leases are regarded as operating leases and the payments mad8 und8r them are charged to
the profil and loss account on a straight line basis over the lease term.
Page 19
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
DONATIONS AND LEGACIES
2024
2023
Voluntary income
Gift aid
Legacies
Grants
38.282
3,033
319,100
9,420
28,065
141,763
177,624
218.939
498,348
OTHER TRADING ACTIVITIES
2024
2023
R&nts received
Hire of facililies
Sale of christmas tree8
94.776
49,981
8,738
72.481
70,979
8,025
153,495
151,485
INVESTMENT INCOME
2024
2023
Bank Interest recelved
2,811
802
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Incomlng resources from
charitsble acllvllies
Operation of park and larm
1,371,597
1,121,938
An analysis of incoming r6sources from charitable aclDiilies by Class of business is given below..
2024
2023
Sale of gTr)ds
Rendering of services
74,440
1,297.157
56,276
1,065,662
1,371,597 1.121,938
Page 20
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Flnanclal Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
RAISING FUNDS
2024
2023
other trading activitle8
Rental expenditure
Purchase of christmas trees
Bad debts
11,280
7.235
21,918
8,919
6,158
40,433
15,077
CHARITABLE ACTIVITIES COSTS
2024
2023
Operation of park and farm
Slaff costs
Hire of plant and machinery
Rates and water
Insurance
Light and heat
Telephone
Postage and st81ionery
Play activities
Training
Repairs and renewals
Motor expenses
Travelling
Refreshrnenls and entertainment
Farm & nursery consumables
Subscrlplions
Cleaning
Catering
Legal & professional fees
Bad debts
Depreciation
Loss on sale of tangible tixed assets
Bank ir¢leresl
Auditorfs romuneration
Auditor's remuneratiors for non-auéil services
1.186,127
6,014
14,596
25,800
38,740
2,135
12,631
35,726
832
38,874
3,647
1,072,242
5,998
10,817
22,352
51,391
2,017
6,346
15,519
10,470
14,889
7,455
1,032
1,720
107,624
11,081
50,336
29,510
2,827
119.189
13,605
53,356
32,348
4,878
6,801
51.299
543
2,315
7.100
6,700
61.381
3,227
7,455
7,035
1,670,423
1,495,557
Page 21
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Finan¢lal Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
SUPPORT COSTS
Governance
costs
Charitable aclimlies
14,490
Activity
Governance costs
Basis of allocatlon
All support costs are allocated to charitable activitles.
Support costs, included in the above, are as follows..
Governance costs
2024
2023
Audilovs remuneration
Audilorfs remuneFalion for non-audil work
7,455
7,035
7,100
6,700
14,490
13,800
10. NET INCOMEIIEXPENDITUREI
Net resources are sta18d after chargingllcredilingl-
2024
2023
D6preclalion - own&d assets
Hire of plant and machinery
61.381
6,014
51,299
5,998
11. TRUSTEES. REMUNERATION AND BENEFITS
Total salary and corresponding pension contributions paid by the charity lo the trustee Mary Gray
durlng the year were as foEIows'.
2024
2023
Wages and salaries
Pension costs
1,052
1.056
These transactions were in the normal course of the charitls operations and approval was obtained
from The Charities Commission for these services.
Page 22
onlinued...

THE MUDCHUTE ASSOCIATION
Notes to the Financlal Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
11, TRUSTEES. REMUNERATION AND BENEFITS. continued
Trustees. expenses
During the year ended 31 March 2024 the Iruslees made loial donations lo the charity of £120 (2023,,
£220). The Iruslees who made donations during the year were Raymond Swindells, Michael
Barraclough & Justin Abboll. The Iruslees who made donations during the 2023 financlal year were
Michael Barrac5ough & Justin Abbott.
The Charitable company reimbursed expenses of £387 {2023.. £7571 lo Tahira Webb, a tNsla& of the
charity. Th8se transactions w$re in the normal course of the charlty's operations.
STAFF COSTS
2024
2023
Wages and salaries
Social securFty costs
Pension costs
1,090,870
77,630
17,627
985,345
70,980
15,917
1,186,127
1,072,242
The average monthly number of employees in the year was..
2024
57
2023
55
Charltable activities
Office
61
58
Ther8 were no employees who received emdumenls (excluding pènsion contiii)ulionsl in excess of
£60,000 for Ihe year ended 31 March 2024 nor the year ended 31 March 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestriot8d
funds
13.
Restricted
funds
Tot81
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
241,376
256,972
498,348
Charitable activltle$
Operation of park and farm
1,121.938
1.121,938
Other trading activities
Investment income
151,485
802
151,485
802
Totsl
1.515.601
256,972
1,772,573
EXPENDITURE ON
Raising funds
15,077
15,077
Charitable aGlivlties
Operation of park and fami
1.430,992
64,565
1,495,557
Total
1,446,069
64,565
1,510,634
Pag8 23
contlnued...

THE MUDCHUTE ASSOCIATION
Notes to the Financlal Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
Unreslricled Reslri¢led
funds
funds
Total
funds
NET INCOME
69,532
192,407
261,939
RECONCILIATION OF FUNDS
Total funds broLJghl forward
193,522
345,397
538,919
TOTAL FUNDS CARRIED FORWARD
263,054
537,804
800,858
14.
TANGIBLE FIXED ASSETS
Fixtures
alld
fillings
Short
leasehold
Motor
vehicles
Computer
equipment
Totals
COST
Al 1 April 2023
Additions
1,326,457
5,040
163,138
60,279
59.276
8,782
1.396
1,558,656
65,712
Al 31 March 2024
1,331,497
163,138
119,555
10,178
1.624,368
DEPRECIATION
At 1 April 2023
Charge for year
703,933
37,654
133,120
7,504
56,428
15,782
7,240
441
900,721
61.381
Al 31 March 2024
741,587
140,624
72,210
7.681
962,102
NET BOOK VALUE
Al 31 March 2024
589,910
22.514
47.345
2,497
662.266
Al 31 March 2023
622,524
30,018
3,851
1,542
657,935
The hislorlcal cost of the original l@asehold land and buildings acquired or$ 14 JLtn6 1994 is £Nil and
was valuod by the directors al £650,000 on acquisition. The company has adopted the transitional
arrarbgemenls available on the inlmduclion of FRS 15 Tangible Fixed assets, and vill relain these
leasehold land and buildings al cost being equivalent to their nel book value al 31 March 2000
1£538,766). By taking advantage of the transitional arrangements, the directors will not be required lo
carry out periodic valualion of these land and building assets.
Page 24
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
15. STOCKS
2024
2023
stocks
916
2,738
Included in the amount shown above for stocks are items valued at cost calculated on a first in, first out
basis. The replacement cost of Ihese items al the year-end is equal lo historical cost.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
16.
2024
2023
Trade debtors
other debtors
45,980
1,487
36.959
2,266
47,467
39,225
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social security and other laxes
other creditors
15,716
21,453
72,829
27,152
16,843
51,661
109,998
95.656
18.
ACCRUALS AND DEFERRED INCOME
2024
2023
Accruals and deferred income
84,463
81,994
Deferred income of £67,39312023= £65.3221 is included wilhin the above figures. This relates ID grants
received, income for the hire of facilities, rents r6ceived and incoming r8sources from Charitable
activities, that relate lo future years.
Pagts 25
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Financlal Statements . continued
FOR THE YEAR ENDED 31 MARCH 2024
19.
MOVEMENT IN FUNDS
Nel
movement
in funds
Al
3113124
At 114123
Unrestrlcted funds
General fund
263,054
33,187
296,241
Restricted funds
Building Fund
Minibus Fund
Nature Trail Fund
Treehouse Project FLJnd
Arena Refurbisl)ment Project Fund
Nurs6ry Incluslon Fund
475,466
1,173
17.282
9,597
33.286
1.000
(28,5281
35,219
{1,0371
15761
{1,9971
12821
446,938
36.392
16,245
9,021
31.289
718
537,804
2,799
540,603
TOTAL FUNDS
800,858
35,986
836,B44
Nel movement in funds, included in the above are as follows:
Incoming
resour¢o8
Resoiirces
expended
Nlovem6nl
in funds
Unrestricted funds
General fund
1,642,172
11,608,985)
33,187
Restricted funds
Building Fund
Minibus Fund
Nature Trail Fund
Treehouse Project Fund
Arena Refurbi8hmenl Project Fur¢d
London Borough Of Tower Hamlets
Fund
Nursery Inclusion Fund
The Sl John's Park Holiday Activities
Fund
East End Community Foundatlo
Apprenticeship Fund
128,528)
{12,131)
11,0371
15761
11.9971
{28,528)
35,219
(1,0371
15761
11.9971
47,350
11.667
6,853
{11,6671
17,135}
1282)
16.300
(q6.3001
22,500
{22,500}
104,670
(101,8711
2.799
TOTAL FUNDS
1,746,842
(1,710,856)
35,986
Page 26
continue(l...

THE MUDCHUTE ASSOCIATION
Notes to the Flnancial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
19.
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movem8nl
in funds
At
3113123
At 114122
Unrestrlcted funds
General fund
193,522
69,532
263,054
Restricted funds
Building Fund
Minibus Fund
Nature Trail Fund
Treehouse Project Fund
Arena Refurbishment Project Fund
East End Communily Foundation Fund
Nursery Incluslon Fund
269,843
1,564
18,385
10.210
35,411
9,984
205,623
{3911
{1,103)
{613)
12,1251
19,9841
1,000
475,466
1.173
17,282
9,S97
33,286
1,000
345,397
192,407
537,804
TOTAL FUNDS
538,919
261,939
800,858
Comparative nel movemont in fvnds., included in the above aré as follows:
Incoming
resources
ReSoUr￿S
expended
Movement
in funds
Unrestricted funds
General fund
1,515,601
11,446,069)
69,532
Rèstyicted funds
Bullding Fund
Minibus Fund
Nature Trail Fund
Treehouse Project Fund
Arena Refurbishment Project Fund
East End Community Foundation Fund
London Borough Of Tower Hamlets
Fund
Nursery Inclusion Fund
235,972
(30,3491
13911
{1,103)
1613)
12,1251
{9,9841
205,623
13911
(1,103)
{613)
{2,1251
19,9841
20,000
1,000
120,000)
1,000
256,972
164,5651
192,407
TOTAL FUNDS
1,772,573
11,510,634)
261,939
Unrestricted lunds
The General fund includes illcome from grants, fundral8ing and farmbng activitles. Also incSuded withln
the general fund, is income from the charity's other Irading actlvilies, whlch consist of rents rec8ivtrd,
hlre of facililias and the sal6 ol christmas trees.
Restricted funds
The Building fund represents the net book value of the restricted portion of buildings on the sile.
The Minlbus fund repr@senls the net book value of minibuses purchased with restricted monies.
Page 27
continued.

THE MUDCHUTE ASSOCIATION
Notes to the Financlal Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
19.
MOVEMENT IN FUNDS - continued
The Nature trail fund represents monies given to improvo pathways and accessibility lo the farm sile.
The Treehous& project fund repr8sents monies given lo enable the building of a tree house which is
part of the children's seryices provision.
The Ar$na refurt)ishmenl project fund represenls monies given lo rebuild the riding arena.
The London Borough of Tower Hamlets fund represents monies givell lo run activities to support
young people and promote a healthy lifestyle. The fund monies were fully expended durlng the year.
The Nursery indusion fund represents monies given to support children who require one to one
support.
The Sl John's Park holiday activities fund repr6senl monies giverk lo provide activities lo the residents
of one Housing Gmup in the local area. The fund monies were fully exp&nded during the year.
The East End Community Foundation apprenticeship fund represent8 monies given to provide training
& work experience for apprenliGes al hAudchute. The fund monles were fully expended during the year.
20. EMPLOYEE BENEFIT OBLIGATIONS
Th8 charitable company operalos a defined conlribLflion scheme. The pension costs charge consists
of contributions payable to the funds of £17.627 {2023'. £15,917). Cont￿b￿lI01}S of £3,604 12023..
£3,100) were outstanding at the end of the period.
21. OTHER FINANCIAL COMMITMENTS
The followlng operating lease payments are commilled to be paid..
2024
2023
Within one year
Between one and five years
In more than five years
768
832
885
1,771
1,600
2,656
The following lease payments have been recognised as an expense in the stal6menl of financial
aclivilies..
2024
2023
Operating lease rfjnlals
944
1,152
The land st Mudchule Fami is leased by The Mud¢hute Association from the Mayor Burgesses of the
Londortr Borough of Tower Hamlets ILBTHI. Under the lease the open market rental value is currently a
pepper¢orr¢ as with the land comes the obligation lo provide and maintain 8 public park wllhoul the
fundlng lo support Ihls.
Page 28
continueil...

THE MUDCHUTE ASSOCIATION
Notes to the Flnancial Statements - continu8d
FOR THE YEAR ENDED 31 MARCH 2024
21.
OTHER FINANCIAL COMMITMENTS- continued
The existing 30 year lease expired Orn 30 June 2024. The lease is subject to the provisions of The
Landlord and Tenant Act 1954 which means that the existing lease is contlnued ¢Jnlil terminated in
accordance wilh the Act.
Post year end, nagolialions are tsking place between Tha Mudchute Association and LBTH to agree
the terms of the lease renewal.
22. RELATED PARTY DISCLOSURES
Durlng the year under review, lolal salary payments £35,231 (2023: £42,949) were made lo one adult
child (Paul Tracey), two adult grandchildren (Thomas Tra￿Y & Sadie Tracey) and the daughter in law
IDionne Tracey) of the general manager (Margaret Tracey), who were employed by the charity. These
transactions were In the normal course of the charity's operations.
Also duiing the year under review, total rental income of £13,64512023-. £6,859) was received from
two12023.' one) of the employees of the charity, for flats based within the leasehold of the charily.
Also during the year under review. total rental income of £7.06212023.' £Nill was received from John
Cavanagh, the spouse of Lorraine Cavanagh, a former chairperson and Iruslee Iresigned 04107120241.
Invol￿$ tot8lling £5,762 are induded within trade debtors in respect of the rental income, and are
consldered fully recoverable.
As also noted in note 24, total salary payynents of £170,108 12023.. £160,338) were made lo key
managament personnel during the year. These transactions were in the normal course of the charills
operations. The key management personnel are Margaret Tracey, Victoria Strong & Tom Davis.
The charitable company r￿e1Ved donations wilhoul Conditions of £120 12023.. £2201 from relat&d
parties and trustees, of whlch £12012023-. £2201 relates lo Iruslee donations as detailed in note 11 of
the financial ststements, where more detai18 of these donations can be found.
The charitable company reimbursed expenses of £367 {2023.' £757) lo related parties and trustees.
More delalls of these expenses can bè found in note 11 of the financial statements.
Total salary payments of £1,056 {2023.' £Nil) were made lo Mary Gray, a trLtstee of the charity. More
details regarding these salary payments Gan be found in note 11 of the financial stalemenls.
Page 29
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Financlal Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024
23.
FINANCIAL INSTRUMENTS
2024
2023
Financial assets
Financial agsels that are debt instruments measured 8t amortitsed
cost
367.484
317,771
367,484
317,771
Flnancial Ilabilities
Financial liabilities measured al amortised cost
127,066
112,329
127,066
112.329
Financial assets measured at amortised cost comprise trade debtors, other debtors, and cash and
cash equivalents.
Financial liabilities measured at amortised cost comprise trade creditors, other creditors and social
securities.
24.
KEY MANAGEMENT PERSONNEL
Key management includes the Iruslees, the director general. the farm manager and the nursery
manager. Th6 compensation paid or pttyable lo key management for employee seTvice8 is 8hown
below..
2024
2023
Salaries and other short-term benefits
170,108
160,338
25. LESSOR COMMITMENTS
Al the year end the charity have leased assets. in regards to rental of part of the short leasehotd
building, which is capitalised within the balance sheet, as well as the rental of telephone masts
included within the land of the short leasehold property. The amounts commilled lo be received during
the rented term are listed below.'_
2024
2023
Wilhln one year
Beh￿een one and five years
In more than flve years
1,805
54,836
12,897
Total
1,805
67,733
Page 30

THE MUDCHUTE ASSOCIATION
Dètailed StAtèment of Financial Activities
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
INCOME AND ENDOWMENTS
Donatlons and legacies
Voluntary income
Gift aid
Legacies
Grants
38,282
3,033
319,100
9,420
28,065
141,763
177,624
218,939
498,348
Other tradlng actlvltles
Rents received
Hiré of facilili8s
Sale of ¢hrislmas treas
94,776
49,981
8,738
72,481
70,979
8,025
153,495
151.485
Invostment income
Bank interest received
2,811
802
Charitable actlvltles
Incoming resources from charitable activities
1,371,597
1,121,938
Total incoming resources
1,746,842
1,772,573
EXPENDITURE
other tradlng actlvltles
Ren15Jl expenditure
Purchase of christmas treas
Bad debts
11,280
7,235
21,918
8,919
6,158
40.433
15,077
Charltable activiti8s
Wages
Social security
Pensions
Hire of plant and machinery
Rates and water
Insurance
Light and he21
Telephone
Postage and slalÉonery
Play activities
Training
Repairs ar)d renewals
Carrled foNard
1.090,870
77,630
17,627
6.014
14,596
25,800
38,740
2,135
12.631
35,726
832
38,874
1,361,475
985,345
70,980
15,917
5,998
10,817
22,352
51,391
2,017
6,346
15,519
10,470
14,889
1,212,041
This page does not form part of the stalulory financial slalemenls
Page 31

THE MUDCHUTE ASSOCIATION
Detalled Statement of Financial Activities
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Charltable activities
BroughtfO￿ard
Motor expenses
Travelling
Refreshmerhls and 8nl8rtainment
Farm & nursery consumables
Subscriptions
Cleaning
Catering
Legal & professional fees
Bad debts
Short leasehold depreciation
Fixtures & fillings d@pre¢ialion
Motor vohiclos depreciation
Computer equipment depreciation
Loss on Sale of tangible fixed assets
Bank intere81
1,361,475
3,647
1,212,041
7.455
1,032
1,720
107.624
11,081
50.336
29,510
2,827
119,189
13,605
53,356
32,348
4,878
6.801
39,737
i 0,(X)5
1,284
273
543
2,315
37,654
7,504
15,782
3,227
1,655,933
1,481,757
Support costs
Governance costs
Auditors, ramuneralion
14,490
13,800
Total resources expended
1,710,856
1,510,634
Net income
35,986
261,939
This page does rnol form part of the stalulory financial slalements
Page 32