REGISTERED COMPANY NUMBER- 01613085 (England and Wale$l
REGISTERED CHARITY NUMBER.. 284907
Rèport of the Trustee5 and
Audited Financial Stat•m•nts
for the Year Ended 31 March 2025
for
THE MUDCHVTE ASSOCIATION
IA COMPANY LIMITED BY GUARANTEEI
Xeinadin Audit Limited
(Statutory Audilorsl
Bryanl House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

THE MUDCHUTE ASSOCIATION
Contents of the Flnanclal Statements
FOR THE YEAR ENDED 31 MARCH 2025
Page
Chair's Report
Report of the Trnstees
Report of the Independent Auditors
9 10 12
ststement of Flnancial Activities
13
Balance Sheet
14
Cash Flow Statement
15
Notes to the Cash Flow Statemont
16
Notes to the Flnancial Statements
17 to 31

THE MUDCHUTE ASSOCIATION
Chal￿$ R&port
FOR THE YEAR ENDED 31 MARCH 2025
I t(￿k over a$ Chair in June 2024. Looking back ovei th¢ last year from 2024 until the end of M8rch 2025, l aTn
délighted to say thai Mvdchule cor)linues to Ihrlve as a loGal ¢ommunity 3sset despite some of the challenges we
have been facing. The maln challeng& IS the renewal of the lease from the k)cal council, Ihe London Borough of
Tower Hamlets IL8THI. We h8cl no choice bul to take legal action againsi LBTH thi¢h continues until WÈ get a
satisfactory condusion.
The fact that Mudchute has continued lo thrive Ts a real tribure to all of the staff and volunreers who have worked
tirelessly this year on è nurnber of proie¢ls. 11 has a real communrty feel lo It and It Is wondertul to see Ioc8
familie5 enjowng 211 that Mudehute has to offer So tnany families and children from local schools visit and enjoy
all that the farm has to offer at no ¢ost which is aMa￿ng. We also offer a Who￿ range of actiwties foi children
during the school holidays. It ls clear that we have the full suprL)rt of the local community in our action against
L8TH.
The staff are led by 8 brilliant professional team headed by Marg3rei and Wicky Every department has pulled out
all Ihe stops lo make this p¢a¢e that il is today and to ensure that it is valued by the thole community especlally
families and Indeed people from outside of Tower Hamlets.
The nur88ry is as popular as ever and we still have a waib.ng list Mthich 15 Wonderful as we rely on the nursery to
provide a stab5e revenue sour¢e 4thich funds much more than jusl the nursery.
We had 8 numbw of successful events over the course of the year whith proved to be 8 great hit wth famlies
especially over k4alloween and Christmas.
We have seen a re81 increase in the ftumber of cotporate volunteers this year coming from a number of
organisations. This provides an excellent venue for team building days 8nd helps lo support the Mudchute by
Tepairing, plantino, erecting and so much more. 11 mu51 be saKI that wthout them we would struggle to get this
kind of work dolle wth such a small team ol employees.
As Chair. l ￿￿)Uld 11ke to thank all the staff Frlends of MudEhLrte. th& volunieers and Ihe corporate groups for al
their efforts this year and lor putting Mudchute on the map yet again.
l am also honoured tc Gh8ir a brilliant tearn of tIU5tees that bring a ￿ast number of ski115 and kno￿edge to the
table each month and provide support lo the management team.
orhm•r- cha￿￿erSOn
Date." 15th December 2025
Page 1

THE MUDCHUTE ASSOCIATION {REGISTEREO NUMBER: 016130851
Report of th8 Trustees
FOR THE YEAR ENDED 31 P41ARCH 2025
The Iruslees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2025. The annual report serves the
purposes of both Trustees Report and Directors Report under company law. The Trustees confirm that Ihe
Annual report and Financial slalements of the charitable ¢ompany comply with the current slalulory iequirements,
the requirements of the company's governing document and the provisions ol the Statement of Recommended
Practice ISORPI applicable lo ¢harities preparing their accounts in accordance with the Financial Reporting
Standard appli¢able to the UK and Republic of Ireland IFRS 1021 leffeclive January 20191.
The report is prepared in accordance with the small company regime ISe¢lion 419{21 of the Companies Act
20061.
OBJECTIVES AND ACTIVITIES
Oblectlv¢$ and aims
The purpose of the charitable company is lo preserve the area known as The MLtdchule. The Isle of Dogs,
London, E14 for the benefit of the community, in the London Borough of Tower Hamlets and in parti¢LJlar The Isle
of Dogs and the neighbourhood thereof in perpeluily.
Slgnlficant actlvltl¢$
Details ol the si9nilicanl activilies of the charity can be found in the Achievement and Performance section ol the
Report of the Trustees.
Public beneflt
The trustees have considered the Charity Commission guidance on public benefit and consider that the 8¢tivities
of the charity meet its charitable objects and provide 8 benefit to Ihe public. We will continue lo meet the
requirements by ensuring that the nursery & after school Club conts'nue to provide affordable childcare for local
residents, and alongside olher educational activities (including school visits, summer camp programmes elc.l.
give a unique opportunity in a Central London k)calion for children lo experience and learn at)out the anima15 and
their habitats.
Grantmaklng
The charity has no grant making policy. No grants were made during the year.
Principal Risks and Uncertainties
As per prior years, the prin¢ipal risks facing the organisation relate to cashflow management, day-to-day
operational activities and the lease renewal.
As with any charitable organisalion our income Irom year-to-year can be affected by the availability of grants,
however in Mudchute's case the potential for volatility is reduced by earned income from the nursery and other
activities which we are always looking lor opportunities to increase andlor diversify. Income & Expenses are
budgeted for thé financial year and monitored monthly as part of our Governancg framework.
Ongoing Operational risks include Health & Safety risks, pub5ic & employee liability and regulatory risk
le.g.Ofsledl,' they are mitigated by good working practices & procedures, pro-active management and insuran¢e
cover where appropriale.
Lastly whilst the lease expired in June 2024 it is subject to the provisions of the 1954 Tenant Act so continues on
until terminated in accordance with the Act. The Iru51ees are actively negoli8ling the renewal terms with Tower
Hamlets.
Principal funding sources
Principal funding sources to the charity come from grants, voluntary income and earned income. These funding
sources support the charity's key obje¢tives by enabling the continued provision ol affordable childcare for local
residents, and enable children in Central London lo experience & learn about animals & their habitats.
Page 2

THE MUDCHUTE ASSOCIATION (REGISTERED NUMBER.. 01613085}
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE
Director's Report
Securing the renewal of our Lease has been the central, most demanding challenge ol the past year. We have
been negotiating the renewal ol this with LBTH for approximately 12 years. However, this year, following several
unsalislaclory offers from LB TH, the trustees, regretfully decided that they had no allernalive other than lo initiate
legal pro￿dIng$ against the council.
Support from residents of Tower Hamlets has been extremely encouraging and we believe this strong public
support has had a posilive influence on council officers, and wé are now hopeful th81 a suitable long-temi
agreement can be reached. The trustees will of course refuse any agreement that does not guarantee that the
Mudchute wll ￿maIn a valuable community asset for many years.
I would like to lake this opportunity lo mention the loyally and commitment shown by slall in all departments.
Their tireless work, in spite ol low pay and job uncertainty, has been lundamental in maintaining the quality ol our
services and ensuring Mud¢hute's long.term viability.
Despite the negativity that has surrounded our quest lo obtain a sats'slactory Lease, many posltive oul¢omgs have
been achieved this year. Visitor numbers and those of ¢orpDrale volunteers have increased dramatically and the
nursery, now running al lull Capacity, are strong indicators of our success.
In Seplember, Mud¢hute hosted the Federation of City Fanns and Gardens Annual Harvest Festival. an event
that was so successful. it has been agreed that Mud¢hute wll remain the venue for the next three years. The
highlighl of the show was the success of our dedicaled young faTmers, who won several 1st prizes wth the
animals they had been training to show.
The apprenticeship programme continues lo flourish. and I have been successful in securing funding for another
year. This will enable us lo offer another cohort of young people the opportunity lo enter into the employment
market.
I have mentioned the increase in the numbers ol corporate volunteers and wish lo recognise the valuable benefits
thal these provide for Mudchute. The corporate volunteers are essential, bridging the gap left by our limited staff
by executing much-needed maintenance work on the farm and open space.
In 8ddilion to providing us with Ihe necessary labour that has enabled us lo Carry out major relurbishmenls, site
clearance and maintenance, they have also provided essential Income allowng us lo purchase equipment and
tools necessary to completè the tasks.
Whilst reco9nising the benefits that corporate volunleeis provide, I have lo mention the valuable individuals who
support Mudchute throughout the year. These include. handy rnen, farm workers, and Ihose who assist with
events and group supervision. A special mention must go the volunteer marketing team who have succeeded in
promoting Mudchute through so¢ial media platforms and introducing modern digital markeling procedures that
have been extremely useful and effective.
l am hopeful that we will secure a suitable long-lerm lease before the end of the year which will ensure thè
Mudchute remains as il is today, "A unique natural resource In the mldst of a Concrete jungle"
Nursery
Il's been another successful year ai Mudchule Children's Nursery, the setting running lo full capacity with a
wailing list that reflects the demand lor the Nursery.
l am aware that fee increases will result in many families feeling the pinch. However, to keep in line with inflalion
and to cope with the extra national insurance and minimLJm wage rise, our fees have been increased.
Page 3

THE MUDCHUTE ASSOCIATION IREGISTERED NUMBER.. 016130851
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2025
In September the Government inlrodu¢ed 15 hours free funding per week, for 9-monlh-old babies and ¢hildren
upwards. The demand for places has been phenomenal, with parents taking up the offer il they are eligible.
There is a vast shortage of childcare places throughout the country and with the free fLJnding expanding in
September 2025, we are anlicipaling an even higher demand lor the nursery.
A big issue the nursery has faced, not just this year bul in previous years is the recruitment of qualified staff, with
staff leaving, il's been difficult lo replace them. Again, this is som8thing affecting the èntire childcare sector.
Our apprentice scheme is working well. the apprentices making up a big part of our work force. One apprentice
has gained her level 3 in Education and Childcare, and another is working towards the same qualification.
With the commitment of a strong staff team dedicated to providing qualily childcare, the nursery will continue lo
glow and move fotward.
I thank them most sincerely lor their hard work and dedication which has made Mudchule Nursery the success 11
is today.
The Education Project
The Education Project has recorded upwards of 12,000 school age children allendance's during the course of the
last year. 11 is as ever very rewarding delivering this work.
The wonderful working relationship wlh Ihe farm staff team has been great in assisling the education team
deliver the farm tours, workshops elc.
We have a number of groups that attend regularly frorn George Greens School ISEND departmenll, Phoenix
School and Phoenix College who undertake various tasks the open space and farm. This in itself is a
¢hallenge to the parti¢ipants as most have additional needs with the students from Phtsenix School and College
havin9 high level needs with most being non-verbal. Some of the work undertaken by them includes fightin9 the
endless rubbish that is discarded by visitors.
Our green fingered gardeners have again been growing a vast array of vegetables from potatoes and carrots and
¢hillies, all of which have been harvested and made into lasly meals which have been enjoyed by all. This
broadens the students. tastes, and also provides a hol meal for some of the more vulnerable attendees, when
access to fresh home grown vegetables al hom8 can be limited.
The rneals are eaten in our classroom at a table without any ¢ompuler, television or phone screens which
encourages the natural flow of conversation whilst eating a heatthy meal.
Our children have made Cake's, jaFn's, chulney's and other preserves all with home grown produce.
All ol the student's work towards a certificate of achievement for different tasks with these tasks giving them
essenlial life skills that they take away with them.
We also facilitate independent school visils13,500 attendan￿S July 24-January 251.
The education and farm teams continue lo provide an educational, lun and affordable lime at Mudchute.
The Park and Fami
The period under review has seen constant activily on the farm with staff and volunteers once again working lo
improve our facilities and enhance our fabulous setting.
The animals again h¥ve kept us busy, with the changing ol the seasons always a conslanl, with the welcoming of
new arrivals in the spring. fLJriher helping lo ¢onseNe our native rare breeds.
Page 4

THE MUDCHUTE ASSOCIATION IREGISTERED NUMBER.. 01613085)
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2025
Alongside all of our usual goings on such as attending agricuttLtral shows, Conservation grazing and providing
animals and somelimes a laimer for film and T.V work, we have also sold all varieties ol livestock to other floGks
and herds around the U.K as the genetic base that is held here within our bleeds is much sort after by other
farmers and rare breed keepers. This again solidifies the importance of the ¢onsetvation work that we undertake
here al Mudchute.
OUT visitor numbers continue lo increase as families, battle with the cost ol living crisis and are unable lo afford
the days out to expensive allra¢tions as they strive lo save money.
I would like lo Ihank all of our hardworking staff and volunteers for another great year al the Mudchute.
FINANCIAL REVIEW
Reserves policy
The trustees deem il prudent to hol(J 3 months running costs in unrestricted fLJnds not allocated against fixed
ssels. As of 31st March 2025 Ihe unreslricled reserves of £301,666 is equal to approximately 2 months running
costs and we will look lo build this back up again during the next financial periods. These funds are held lo gnsure
that in the event of a major incident preventing revenue generating aclivily, our running costs (excluding avoidable
exlemal costs) could continue to be mel.
The balance on all reslriclgd and unrestricted funds and explanation of why held can be found in note 19 to the
financial statements.
OvoFview
The Statement of Financial Activities shows a deficit12024'. surplus) for the year of £133,659}12024'. £35,986).
Overall during the year there was a slight defi¢it thn nel income but a modest operating surplus afler adding back
depreciation.
Our reserves sland 81 £803,18512024.. £836,844}.
Going concern
A¢¢ounting standards require the Trustees to ¢onsider the appropriateness of the going ¢oncern basis when
preparing the finan¢ial statements. After reviewin9 forecasts and projections, the Trustees have a reasonable
expectation that the Charity has adequate resources to continue in operational exislen¢e for Ihe foreseeable
future. The Trustees therefore continue to 8dopl the goin9 concern basis in preparing the financial slalements.
Tax status
The charitable company is exempl from taxation on charitable a¢livities.
Key performance indicators
Regular management accounts Imonthlyl are used lo infomi and 9uide the executs've team and flag incidences of
underperformance early, to allow year resolution or changes lo operational plans accordingly. These financial
indicators are included in the Iruslee's report every monthly management accounts pack, alongside other key
metrics linked lo income, such as nursery altendance figures.
FUTURE PLANS
We have rented out some of the unils in the courtyard and will be looking 81 how we can increase take up once
we have a lease in place. Wè will also be looking lo increase the nU￿ber of ¢orporale evenlslleam days. We
have seen a real increase this year and hope that continues next year.
We refurbished the calé last year and re-opened with a new team & menu. As well as an everyday cafe, we have
been using these facilities lo run various community themed events throughout the year.
Page 5

THE MUDCHUTE ASSOCIATION (REGISTERED NUMBER.. 016130651
Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND PAANAGEMENT
Governing document
The charity is controlled by ils governing document. a deed of trust, and conslilules a limited company, limited by
guarantee, as defined by the Companies Act 2006.
Organisational structure
The Mudchute Is govemed by a board of Iruslees consisting of members ol the local community who are elected
at the annual geneFal meeting.
The board of trustees has ovfyrall responsibility lor ensuring that the finances at Mudchule are administered
accordingly, in order lo meet its legal and other obligations, e.g. Charitie5 Act, In¢ome Tax, VAT, Companies Act
and Common Law.
The role of the treasurer. appointed from the board of trustees, is to understand a￿O￿ntIng procedures and key
internal controls, so as to be able lo assure the board of Mudchijle's financial integrity.
The ¢harilable company is managed on a day to day basis by Margaret Tracey, who reports to the board of
Irustges.
Induction and tralnlng of new trustees
The Trustee Board ¢ontinLJes to be strong. with all key skills being filled. The Iruslees ol the Mud¢hute
Association are selected in accordance with the various categories sel out in our Articles of Association, the
maximum permilled being fifteen.
We continue lo ensure that meetings and trustee involvement lakes plactr in a transparent and engaged manner,
and ensure training is provided as required.
Administration, Flnance and Staffing
A combination ol Margaret Tracey, Vicky Strong and finance officer Zemi¢hael Abrha, supported by other team
members has ensur&d the smooth running of the administration & finances of the association.
Warren Bunce has conlinued to play 8 ffluch appreciated role as IT manager, and also assisted on brand
promotion and recruiting long term volunteers.
Remuneratlon
The finance sub Committee made up of the ¢hairperson, treasurer, HR Iruslee, the director and finance officer, in
addition lo the overall finances of MudGhute, locuses on the eslablishmenl of good employer practices. The
committee is responsible for the Teview of staff salaries each year as part of the annual budgetary process.
Tru5t¥es Indemnity
The charil8ble company has arranged qualifying indemnity insuran¢e for the irustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01613085 (England and Wales)
Registered Charlty number
284907
Pa99 6

THE MUDCHUTE ASSOCIATION (REGISTERED NUMBER.. 016130851
Report of thè Trustees
FOR THE YEAR ENDED 31 MARCH 2025
Registèred office
Mud¢hute Park & Farm
Pier Street
Isle of Dogs
London
E14 3HP
Trustees
D Humber Iresigned 12.5.251
M R Phillips
M Barraclough (resigned 27.1.251
R J Swindells
Gray
T Webb
T J Roper Mead (resigned 12.5.251
S Chen (resigned 27.1.251
L Cavanagh Iresigned 4.7.241
M Young
T Joseph lappointed 2.5.241
S A Mortimer lappoinled 2.5.241
D Clark lappoinled 2.5.241 Iresigned 31.7.251
H Almusawa lappoinled 12.5.251
J Elherington lappoinled 12.5.251
P Gratwi¢k (appointed 12.5.251
Auditors
Xeinadin Audit Limited
ISl8lulory Audilorsl
Bryanl House
Bryant Road
Slrood
Rochester
Kent
ME2 3EW
Bankers
Barclays Bank PIC
Lei¢ester
LE87 2BB
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
Wesl Malling
Kent
ME19 4JQ
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The tiustees Iwho are also the directors of The Mud¢hute Association for the purposes of ¢ompany lawl are
responsible for preparing the Annual Report and the financial slalemenls in accordance with applicable law and
United Kingdom Accountin9 Standards (United Kingdom Generally Accepted Accounting Praclicel.
Page 7

THE MUDCHUTE ASSOCIATION IREGISTERED hlUMBER= 016130851
R8POrt ￿ the frugteès
FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES. RESPONSIBILITIES. continued
Company law requires the trustees to prepare finan￿21 statements for each finBnaal year. Under th81 law, the
trustees have elected to prepare the financial statemènts in accordance Mqth United Kingdorn Generally Accepted
Accounting Pr8¢ti¢e (United Kingdorn Accounbng Standards and applicable lawl.
Under company law the trustees must not approve the financial statement5 unles5 they are 5ats5fied that they
give a true and fair view of the 51ate of affairs of the charitable Company ar)d of Ihe incomlng resources and
application of resources. ineluding the income and expenditure, of the charitable company for that period. In
prepanng Iho$e ftnancial statements, the irustees ale required to
select suitable acwuntsng policies and then apply them consistently",
observe the methods and prinaples In the Charities SORP.
make judgements and ests'm8tes that are reasonable and prudenl
prepzre the financial statements on the going ¢on¢ern b88is unless li is inappropriate to p￿SuMe that the
charitable company will continue in buslness.
The trustee5 are ￿SponSIb￿ for keeping proper accounting records vthich disdose wth reaSonal￿e accuracy at
any time the financial position of the Charitable campany to enoble them to ensure thai the finan¢ial
statements Comply Vkryth the Companies Act 2006_ They are a150 responsitrAe for safeguardlng the assets of the
charitsble company and hence for takiw reasonable steps for the prevention and deteclon of fraud and olher
irregularities.
In so far as the trustees are aware..
there is no relevant audrt infomialion of which the tharitable ¢ompanls auditors are unaware-, and
the trusleeg have iaken all steps that they ought io have taken to make themselves aware of any relevarrt audit
information and to establish that the auditois are a•rare of that informaion.
AUDITORS
The auditors, Xanadin Audri Limlted, wll b¢ proposed for fe-appointment at the forth￿mIng Annual General
Meettng.
This report has beetTr prèpared In accordance ￿th thè special provisions of Part 15 of the Companies Act 20C
relaing to small companies.
Approved by order of the board of trustee5 on 15 December 2025 and signed on its behalf by."
S A Morbtner- Tru51ee
Page 8

Report of the Ind•pendent Auditors to the Members of
The Mudchuté Association IRegistered number- 01613085}
Opinlon
We have audited the financial statements of The Mudchute Association Ilhe 'charitable companl) lor the year
ended 31 Mar¢h 2025 which comprise the Statement of Financial Aclivilies, the Balance Sheet, the Cash Flow
Slalement and notes lo the financial statements, including a summary of si9nifi¢anl accounting poli¢ies. The
financial reporting framework that has been applied in their preparalion is applicable law and United Kingdom
Accounting Standards (Uniled Kingdom Generally Accepted A¢counling Praclicel.
In our opinion the financial slalemenls..
give a true and fair view ol the stale of the charitable company's affairs as al 31 March 2025 and of rts
incoming resources and application of resources, including its income and expenditure, for the year then
ended.,
have been properfy prepared in a¢¢ordance with United Kingdom Generally Accepted Accounting Practice-
and
have tieen prepared in accordance with the requirements of Ihe Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Inlemalional Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are furlher described in the Auditors. responsibilities for the audit
ol the financial statements section of our report. We are independent of the charitable company in a¢cordance
with the elhiGal requirements that are relevant lo our audit of Ihe financial slalements in the UK, including Ihe
FRC'S Ethical Standard, and we have fulfilled our other elhical responsibilities in accordance with these
requiremen15. We believe that the audil evidence we have obtained is sufficient and appropriate lo provide a
basis for our opinion.
Con¢luslons relating to going concem
In auditing the financial slalernènts, we have concluded that the trustees, use of the going concem basis of
accounting in the preparation of the financial slalemenls is appropriate.
Based on the work we have perfom)ed, we have not identified any material un¢ertainlies relating lo events or
conditions that, individually or collectively, may cast significant doubl on the charitable companls ability lo
conlinue as a going concern lor a period of at least twelve months from when the financial slalemenls are
authorised for issue.
Our responsibilities and the responsibilities of the Irusloes with respect lo going COn￿M are described in the
relevant sections of this report.
Other Infom)ation
The trustees are responsible for the other information. The other information Comprises the information included
in the AnnLJal Report, other than the financial slalements and our Report ol the Independent Auditors thereon.
Our opinion on the financial $18lements does not cover Ihe other information and, except to the extent olhetwise
explicitly stated in our report, we do not express any lom) ol assurance conclusion Ihereon.
In connectK)n with our audit of the financial statements, our responsibility 1s lo read the other information and, in
doing so, consider whether the other information is materially inconsislenl with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise lo a
material misstatement in the financial statements themselves. If, based on the work we have performed, we
conclude that there is a material misstalemenl of this other information, we are reqijired to report that fact. We
have nothing to report in this regard.
Opinions on other matter$ prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the Gourse of the audit..
the infomation given in the Report of the Trustees for the financial year lor which the financial slalements are
prepared is consislenl wlh the financial stalemenls.. and
the Report ol the Trustees has been prepared in ac￿rdance with applicable legal requirements.
Page 9

Report of th• Independent Auditors to the Members of
The Mudchute Association (Registered number.. 016130851
Matters on which we are required to report by exception
In the light of the knowledge and understanding ol the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Rewrt ol the Trustees.
We have nothing to report in respe¢l of the following matters where the Companies Act 2006 requires us to report
lo you if, in OLJr opinion..
adequate accounting records have not been kept or retums adequate for our audit have not been received
from branches not visited by us., or
the financial statements 8ie not in agreement with the accounting records and returns; or
certain disclosures of Irusleès. remuneration specified by law are not made,. or
we have nol received all the information and explanations we require for our akjdit., or
the trustees were not entitled to take advantage of the small companies exemption from the iequiremenl lo
prepare a Strategic Report or in preparing the Report ol the Trustees.
Responsibilities of trustees
As explained more fully in the Slalemenl of Trustees. Responsibilities, the trustees (who are also the directOTS of
the charitable company for the purposes ol company lawl are responsible for the preparation of the financial
slalemènts and lor being satisfied Ihat they give a true and fair view, and for Skjch internal control as the trustees
determine is necessary lo enable the preparation of financial slalements that are free from material
misslalement, whether due to fraud or error.
In preparing the financial slalements, the trustees are responsible lor assessing the charitable Company's ability
to continue as a going concern. disclosing, as applicable, matters related lo goin9 concern and using the going
concern basis ol accounting unless the trustee5 either intend to liquidate the charitable company or to cease
operations, or have no realistic altemative bul lo do so.
Page 10

Report of the Independent Audltors to the Members of
Thè Mudchute Association (Registered numbèr.. 016130851
Our responsibllltles for the audit of the flnancial statements
Our objectives are lo obtain reasonable as5uran¢e about whether the financial statements as a whole are free
from material misslaltrment, whether due lo fraud or error, and to issue a Report of the Independent Auditors Ihal
includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit
conducled in accordance with ISAS IUKI will always delect a material misslalemenl when il 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 slalemenls.
The exlenl lo which our procedures are capable ol detecting irregularities. includin9 frau(S is detailed below..
Irregularities, including fraud. are instances ol non-compliance with laws and ￿gUlations. We design Pro￿dureS
in line with our responsibilities, outlined above. lo detect material misstatements in respect of irregularities,
including fraud. The exlenl lo which our procedures are capable of delecling irregularities. including fraud is
detailed below..
We identify and assess the risks of material misslalement of the financial slalements, whether due lo fraud or
error. and Ihen design and perform audit procedures responsive to those risks, including obtaining audit evidence
that is sufficient and appropriate to provide a basis ol our opinion. These procedures included..
Discussions with managernenl and assessment of known or suspected instances of non-compliance with laws
and regulations lincluding heollh and saletyl and fraud., and
Assessment of identified fraud risk factors., ar)d
Review of cash expenditure to confirm no evidence of personal benelil., and
Challenging assumptions and judgements made by fnanagemenl in ils signifi¢anl a¢counting eslimales,. and
Performing analytical proGedures to identify any unusual or unexpected relationships, including related party
transactions, that may indi¢ate risks of material misslalement due to fraud.. and
Conlirmation of related parties with management. and review of transactions throughout the period lo identify
any previously undisclosed Iransa¢tions with related parties outside the normal couise of business. and
Reading minutes ol meetings of those charged with governance., and
Physical inspection of tangible assets susceptible to Iraud or irregularity,. and
Review of 5ignificanl and unusual transactions,. and
Identify and testing journal entries, in particular any manual entries made al the year end lor financial slalemenl
preparation.
Owing lo the inherent limitations ol an audit, there is an unavoidable risk that we may not have detected some
material rnisstatements in the linanGial statements, even though we have property planned and performed our
audit in a¢¢ordance with auditing standards. We are not responsible for preventing non-compliance and cannot
be expeGted lo delect non-compliance with all laws and regulations.
These inheient limilalions are particularly significant In the ¢ase of misslalemenl resulting from fraud as this may
nvolve sophisticated schemes designed lo avoid detection. in¢luding deliberate failure to record transactions,
collusion or the provision of intentional misrepresentations.
A further description of our responsibilities for the audit ol the financial statements Is located on the Financial
Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description fomis part of our Report
of Ihe Independent Auditors.
Page 11

Report of the Independent Auditors to the Members ol
The Mudchute Association IRègistered number.. 01613085)
Use ofour report
This repori is made solely lo th& ¢haritable companls members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has béen undertaken so that we mKJht state lo the charitable
companvs members those matters we are required to state to them in an auditors, report and for no other
purpose. To the lullesl exlenl permitted by law, we do not a¢cept or assume responsibilily to anyone other than
the charitable company and the ¢haritab5e companls members as a body, lor our audit work, lor this report, or
for the opinions we have formed.
Mark Friend Bsc FCA Islalulory Auditor)
for and on behalf of Xeinadin Audit Limited
Istalulc>ry Auditors)
Bryant House
Bryant Road
Slrood
Rochester
Kent
ME2 3EW
15 December 2025
Page 12

THE MUDCHUTE ASSOCIATION
Statement of Financial Activities
Ilncorporating an Income and Exponditure Account)
FOR THE YEAR ENDED 31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
funds
RÈstricled
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
101.445
44,640
146,085
218,939
Charitable a￿1VItieS
Operalion of park and farm
1.705,670
1,705.670
1,371,597
Other trading activit￿$
Investment income
104,742
3,209
104,742
3,209
153,495
2,811
Total
1.915,066
44,640
1,959,706
1,746,842
EXPENDITURE ON
Raising funds
14,994
14.994
40,433
Charitable activitiès
Operation of park and farm
1.894,647
83,724
1,978.371
1,670,423
Total
1.909.641
83,724
1,993,365
1.710.856
NET INCOMEIIEXPENDITUREI
5.425
{39,0841
133,6591
35,986
RECONCILIATION OF FUNDS
Total funds brought Iofward
296,241
540,603
836,844
800,858
TOTAL FUNDS CARRIED FORWARD
301,666
501,519
803,185
836,844
CONTINUING OPERATIONS
There were no unrecognised gains or losses other than the surplusldelicil lor the year. The accompanying
accounts'ng policies and notes form an integral part ol these financial statements.
The notes form part of these financial slalements
Page 13

THE MUDCHLITE ASSOCIATION (REGISTERED NUMBER: 01613D851
Balance Sheet
31 MARCH 2025
2025
Total
ftTrnils
2024
Total
nds
Unrestricted
funds
Restricted
funds
Note5
FIXED ASSETS
Tangible assets
14
112,16B
499.918
612,086
662,266
CURRENT ASSETS
Slo¢ks
Debtors
Cash at bank and in hand
15
16
7q6
32,953
404,466
716
32.953
406,060
918
52,450
315,673
1,601
438,137
q,601
439,738
389.039
CREDITORS
Amounts falling due wthin one year
17
1167.2221
1167,222)
(109,9981
NET CURRENT ASSETS
270.915
1,601
272.516
259,041
TOT AL ASSETS LESS CURRENT
UABILITIES
383,083
501,519
884,602
921.307
ACCRUALS AND DEFERRED INCOME
18
181.4171
181,4171
184,4631
NET ASSETS
301.666
501,619
803.18S
838.844
FUNDS
Unrestricted funds
Restncted funds
15
301,666
501,519
296,241
540.603
TOTAL FUNDS
803,185
838,844
These finarFcial $13temenis have been prepared in a¢¢ordance ￿th the provisions applicable to chantable
companies subject to the small compsnies r￿lMe.
The financial statements were approved by the Board of Trustees and aulhorised for 1$5ue on 75 December 2025
and were signed on its beha￿ by..
S A Mortimer- Tiustee
J Etherington- Truslee
The notes form part of these financial ststements
Page 14

THE MUDCHUTE ASSOCIATION
Cash Flow Statement
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating actlvltles
Cash generated from operations
Interest paid
96,591
(4,8051
113,675
13,227}
Nel cash provided by operating activities
91,786
110,448
Cash flows from Investlng activities
Purchase ol tangible fixed assets
Sale of tangible fixed assets
Interest received
15,3991
800
3,209
{65,7121
2,811
Nel ¢ash used in investing aclivilie5
(1,3901
162,9011
Changè In cash and cash equlvalents
in tho reporting period
Cash and cash equivalents at the
beginning of the reporting perlod
90,396
47,547
315,673
268,126
Ca$h and cash equivalents at the end
of the reporting period
406,069
315,673
The notes form part of these financial statements
Page 15

THE PhUDCHUTE ASSOCIATION
Notes lo the Cash Flow Statement
FOR THE YEAR ENDED 31 MARCH 2025
RECONCILIATION OF NET IEXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2025
2024
Net l•xpenditure}lin¢ome for the reporting perlod (as per the
Statement of Financlal Activities)
Adjustments for:
Depre¢ialion charges
Loss on disposal of fixed assets
Interest received
Interest paid
Decrease in stocks
Decreasellin¢reasel in debtors
Increase in creditors
133,6591
35,986
54,165
614
3.2091
4.805
200
19.497
54,178
61,381
12,8111
3,227
1,822
12,7411
16.811
Nat cash provld•d by oporation5
96.591
113,675
ANALYSIS OF CHANGES IN NET FUNDS
Al 114124
Cash flow
At 3113125
Net cash
Cash al bank and in hand
31 S,673
90,396
406,069
315,673
90,396
406,069
Total
315.673
90,396
406,069
The notes form part of Ihese financial slalements
Page 16

THE MUDCHUTE ASSOCIATION
Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025
STATUTORY INFORMATION
The Mudchute Association is a company limited by guarantee and has no share capital. The liability 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 registered office
Mudchule Farm & Park, Pier Street, Isle of Dogs, London, E14 3HP.
The presentation currency of the financial 51alements is the Pound Sledin91£l. Figures are rounded to the
nearest pound.
ACCOUNTING POLICIES
Ba$ls of preparatlon
The financial slalements ol Ihe charitable company, which is a public benefit entity under FRS 102, have
beèn prepared in accordance with the Charitiès SORP IFRS 1021 'A¢counting and Reporting by Charities..
Statement of Recommended Practice, appli¢able to charities preparing their accounts in accordance wilh
Ihe Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021., the Financial
Reporting Stanttard 102 'The Financ181 Reporting Standard 8pplicable in the UK and Republic of Ireland,
and the Cornpanies Act 2006. The financial slalemenls have been prepared under the historical cost
¢onvenlion.
Going concern
No material un¢ertainties that may cast doubl about Ihe ability of the charity to ¢ontinue as a going
con￿rn have been identified by the trustees.
See note 21 which rèfers to the ongoing negotiations between The Mudchute Association and The London
Borough of Tower Hamlets to agree the terms of the lease renewal of Mudchule Farm. As at the date of
the signing ol the a¢counls, there are no la¢lors the trustees are aware of that would indicate that the
lease is not going lo be renewed.
Recognition of incomo
Income is included in the Statement of Financial Activities when the charity be¢omes enlitled to the
resource. il is more likely than not that the trustees will receive the resources,. and the monetary value can
be measured with sufficient reliability.
In addition. income from the sale ol goods is recognised when the company has transferred the significant
risks and rewards of ownership lo the buyer and the company retains neither Continuing managerial
involvement lo the degree usually 8ssc>cialed with the ownership nor effective control over the goods sold.
For the rendering of seNices the percentage of completion method is used lo calculate the income
recognised al the period end unless Services are performed by an indeterminate number (>f acts over a
specified period ol lime, in which circumstance income Is recognised on a straighl-line basis over the
specified period.
Income is recognised al fair value, derived from ordinary activities and net of sales taxes and any trade
discounts.
Donations
Donations are included in the Slalemenl r>f Financial Activities when the general income recognition
criteria are mel.
Page 17
conlinued...

THE MUDCHUTE ASSOCIATION
Notes to the Financial Statements GontSnued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES- ¢ontinued
Recognition of Income
Gift Ald
Gill Aid receivable is included in incomtr when there is a valid de¢laration from the donor. Any Gift Aid
arnounl recovered on a donation is considèred lo be part of that gilt and is treated as an addition to the
same fund a5 the initial donation unless the donor or the terms of the appeal have specified otherwise.
Grants
Grants are included in the slalement ol financial activities on a receivable basis. The balance ol income
received for spe¢ilic purposes bul not expended during the period is shown In the relevant funds on the
balance sheet. Where income is received in advance of enlillement of receipt, its recognition is deferred
and included in ¢reditor as deferred incorne. Where enlillemenl occurs before income is received. the
in¢ome is accfued.
Expendltur¢ and liabilitles
Liabilities are recognised as expendilure as soon as there is a legal or constructive obligation committing
the charity lo that expenditure. il is probable that a transfer ol economic benefits will be required in
setuemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an
accrtJa15 basis and has been cla5srfied under headings that aggregate all cost related to the category.
Where costs cannot be directly allribuled lo particular headings Ihey have been allocated lo activities on a
basis consislenl with the use ol resour¢8s.
Allo¢atlon and apportionmènt of costs
I support costs are allocated directly to the Charitable Aclivities which they support. Whilst a minimal
amount of support costs could be allocated lo governance costs, il is not Considered appropriale lor such
an allocation to be made due lo the cost involved in doing so and Sin￿ there would be no impact on the
true and fair view of the accounts produced.
Tangibl• fixed assets
DepreGiation is provided al the following annual rates in order to write off each asset over its eslirnated
useful life.
Short leasehold
Fixtures and fitlings
Motor vehicles
Cotnpuler equipment
6°/0 on reducing balance
25°/0 on reducing balan¢e
25°/o on reducing balance
15°/0 on reducing balance
Fixed 8ssets costing less than £1,000 are not capilalised bul are Irealed as expensed in the year of
purchase.
Tangible fixed assets are slated at cost less accumulated depreciation. Cost indudes costs directly
attnbulable to making Ihe asset capable of operating as intended.
Regular impaiment reviews are carried out lo ensure that fixed assets are recorded in the financial
statements al no more than their re¢overable amount. Any resulting impairment loss is measured and
recognised on a Consistent basis.
Stocks
Stocks are valLJed at the lower of Cost and rlet realisable value, after making due allowance for obsolete
and slow moving items. Cost is based on the cost of purchase on a first in, first out basis.
Page 18
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Financial Statemènts - continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES- continued
Fund a¢¢ountlng
Unreslricled funds are funds which are expended al the discretion of the trustees in furtherance of the
objects of the charity.
Restricted funds are funds subject to specific Irusts, which may only be expended in accordance with the
condilions imposed by the donors.
Penslon costs and other post.retirèment benefits
The charity operates defined benefit contribution schemes covering the majority of its permanent
employees. The assets of the schemes are held separately from those of the Charity in independently
administered funds. The pension cosl charge represents contributions payable by the charity lo the funds.
Finan¢ial instruments
Basic financial asselsAiabilities including trade and other receivableslp8yables and cash and bank
balances, are initially recogni5ed at transaction pnce unless the arrangement constitutes a financing
transaction (loan Over period of limel where the transaction is measured al present value of the lulure
receipts dis¢ounted al a market rale ol interest. Such asselslliabililies are subseouenlly carried al
amortised Cosl using the effective interest method.
Debtors
Trade and other deblofs are recognised al the settlement amount after any trade discount offered.
Prepayments are v81ued at the amount prepaid net ol any trade discounls due. Known bad debts are
written off and provision is made for any considered lo be doubtful. Trade debtors relales lo income owed
ltsr charitable services provided.
Kèyjudgements
In preparing these finan¢ial statements, the trustees have made the following judgements..
Detemine whether there are indicators of impairment ol the companls tangible assets. Factors tsken into
consideration in reaching such a decision inGlude the economic viability and expected lulure financial
performance of the a5sel.
Detemine whether lease5 entered into by the company either as a lessor or a lessee are operating or
finance leases. These decisions depend on 8n assessment ol whether the risk and rewards ol ownership
have been transferred from the lessor to the lessee on a lease by lease basis.
Other key source$ of estimation unc¢rtainty
Tangible fixed assets. other than investment properties, are depreciated over their useful lives taking into
8c¢ount residual values. where appropriate. The actual lives of the assels and residual values are
assessed annually and may vary depending on a number of factors. ResidLJal value assessments Consider
issues such as future markel conditions, the remaining life of the asset and projected disposal values.
Employee bentrfits
All employee benefit Costs to which employees have become enlilled as a result of service rendered to the
entity during the reporting period are recognised as an expense, unless the financial reporting slandard
requires the cost lo be recI￿niSed as part of the cost ol an asset. or as a liability, after deduGling amounts
that have been paid either directly lo the employees or as a conlfiL>ulion to an employee benefit fund. 11 the
amount paid exceeds the obligation arising from service before the reporting date. the excess is
recognised as an assel to Ihe exlenl that the prepayment will lead lo a reduction in future payments or a
cash refund.
Page 19
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Flnancial Statement$ continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES- continued
Volunteers. ¢ontrlbutlon
The contribution from volunteers has nol been included in the Statement of Financial Activities as the
value of their contribution cannot be reliably quantified in financial temis.
Hire PUT¢hasè and leasing commitments
Assets held under finance lease and hire purchase conlra¢ls are capilalised in the balance sheet and
depreciated over their expected useful lives. The interest element of the leasing payments represents a
Constant proportion of the capital balan¢e outstanding and is charged to the profil and loss account over
the peri(Id of the lease.
l other leases are regarded as operating leases and the payments made under them are charged lo the
profit and loss account on a straighl line basis over the lease term.
DONATIONS AND LEGACIES
2025
2024
Voluntary income
Gift aid
Grants
41,298
3.516
101.271
38,282
3,033
177.624
146,085
218,939
OTHER TRADING ACTIVITIES
2025
2024
Rents received
Hire of facilities
Sale of ¢hrislmas trees
48,S27
46,960
9.255
94,776
49,981
8,738
104,742
153,495
INVESTMENT INCOME
2025
2024
Bank interest received
3,209
2,811
Page 20
continued...

THE MUDCHUTE ASSOCIATION
Notes to thè Financial StatemÈnts - continued
FOR THE YEAR ENDED 31 MARCH 2025
INCOME FROM CHARITABLE ACTIVITIES
2025
2D24
Activity
Incoming resources from
charitable activities
Operation ol park and farm
1,705,670
1,371,597
An analysis of incoming resources from charitable activities by class of business is given below..
2025
2024
Sate of goods
Rendering of services
98,022
1,607,648
74,440
1,297,157
1,705,670
1,371,597
RAISING FUNDS
2025
2024
other trading activities
Rental expenditure
Purchase of christmas trees
Bad debts
8,278
6.596
120
11,280
7,235
21,918
14,994
40,433
Page21
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025
CHARITABLE ACTIVITIES COSTS
2025
2024
Operation of park and farm
Slafl costs
Hire of plant and machinery
Rates and water
Insurance
Light and heal
Telephone
Postage and stationery
Play activities
Training
Repairs and renewals
Motor expenses
Relreshmenls and entertainment
Farm & nursery ¢onsumables
Subscriptions
Cleaning
Catering
Legal & professional fees
Depreciation
Loss on sale ol tangible fixed assets
Bank interest
Auditor's remuneration
Auditor's remuneration for non-audit services
1,370,148
5,008
19,736
30,957
53,994
1,831
9.426
S1,089
2,210
44,4B5
6,470
3.118
158,816
20,535
67,039
37,308
21,402
54,165
614
4.805
7,828
7,387
1,186,127
6,014
14,596
25.800
38,740
2,135
12,631
35.726
832
38,874
3,647
2.827
119.189
13,605
53,356
32.348
4,878
61,381
3.227
7.455
7,035
1,978,371
1,670,423
SUPPORT COSTS
Governanc¢
¢osts
Charitable activities
15,215
Activlty
Governance costs
Basis of allocation
All support costs arè allocated to charitable activities.
Support costs, included in the above, are as follows..
Governance costs
2025
2024
Auditorfs remuneration
Auditorfs remuneration for non.audil work
7,828
7,387
7,455
7,035
15,215
14,490
Page 22
ontinued...

THE MUDCHUTE ASSOCIATION
Note$ to th8 Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025
10.
NET INCOMEIIEXPENDITUREI
Net resources are staled after chargingll¢redity'ngl'.
2025
2024
Depreciation - owned assets
Hire of plant and machinery
54.165
5,008
61,381
6,014
11.
TRUSTEES. REMUNERATION AND BENEFITS
Total salary and corresponding pension ¢onlribulions paid by the ¢harily to the Iru51ee Mary Gray during
the year were as follows".
2025
2024
Wages and salaries
Pension costs
4,770
50
1,052
4,820
1,056
These Iransaclions were in the normal ¢ourse of the charity's operations and approval was obtained frorn
The Charities Commission for these services.
Trustees, expenses
During the year ended 31 March 2025 Ihe trustees made tolal donations lo the charity of £nil. 12024.-
£1201.
The charrtable ¢ompany reimbursed expenses of £845 12024.. £3671 to Tahira Webb and Tara Joseph,
tnjslees of the ¢harily. These transactions were in Ihe norrnal course of the charity's operats'ons.
12.
STAFF COSTS
2025
2024
Wages and salaries
Social security costs
Pension costs
1.255,819
93.318
21.011
1,090,870
77,630
17.627
1,370,148
1,186,127
The average monthly number of employees in the year was..
2025
64
2024
57
Charitable aclivilies
Office
68
61
Page 23
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Financial Statements - ¢ontlnued
FOR THE YEAR ENDED 31 MARCH 2025
12.
STAFF COSTS- continuèd
There were no employees who ￿CeiVed emoluments lexcluding pension conlributionsl in excess of
£60.000 for the year ended 31 March 2025 nor the year ended 31 March 2024.
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacles
114,269
104,670
218,939
Charitable a¢tivitigs
Operation of park and farm
1,371,597
1,371.597
Other Irading activities
Investment income
153,495
2,811
153,495
2,811
Total
1,642,172
104.670
1,746,842
EXPENDITURE ON
Raising funds
40,433
40,433
Charltable activities
Operation of park and farm
1,568,552
101,871
1,670,423
1,608,985
101,871
1,710.856
NET INCOME
33,187
2,799
35,986
RECONCILIATION OF FUNDS
Total funds brought forward
263,054
537,804
800,858
TOTAL FUNDS CARRIED FORWARD
296,241
540,603
836,844
Page 24
continued...

THE MUOCHUTE ASSOCIATION
Notes lo the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025
14. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Short
leasehold
Motor
vehicles
Computer
equipment
Totals
COST
At 1 April 2024
Additions
Disposals
1.331,497
163,138
4,770
119,555
10,178
629
1,624,368
5,399
13S,0001
135,0001
At 31 March 2025
1.331,497
167,908
84,555
10,807
1,594,767
DEPRECIATION
At 1 April 2024
Charge lor year
Eliminated on disposal
741,587
35,392
140,624
6,820
72,210
11,484
133,5861
7,681
469
962,102
54,165
133,5861
At 31 March 2025
776,979
147,444
50,108
8,150
982.681
NET BOOK VALUE
Al 31 March 2025
554.518
20,464
34,447
2,657
612,086
At 31 March 2024
589.910
22.514
47,345
2.497
662,266
The historical cost of the original leasehold land and buildings a¢quired on 14 June 1994 is £Nil and was
valued by the directors at £650,000 on acquisition. The Company has adopltrd the transitional
arrangernenls available on the introduction of FRS 15 Tangible Fixed assets, and will retain these
leasehold land and buildings at cost being equivalent lo their net book value al 31 March 2000 1£538,7661.
By iaking advantage ol the transitional arrangements, the direGtors will not be required lo ¢arry out periodic
valuation of Ihtrse land and building assets.
15.
STOCKS
2025
2024
Stocks
716
916
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 these items at the year*nd is equal to historical cost.
Page 25
continued...

THE MUDCHUTE ASSOCIATION
Note$ to the Financial Statèments - continued
FOR THE YEAR ENDED 31 MARCH 2025
16.
DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade debtors
Other debtors
Prepaymenls and accrued income
27,393
1.123
4,437
45,980
1,487
4,983
32,953
52,450
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade creditors
Social security and other taxes
Other creditors
34,822
23,734
108.666
15.716
21,453
72.829
167,222
109,998
ACCRUALS AND DEFERRED INCOME
2025
2024
Accruals and deferred income
81,417
84,463
Deferred income of £60,895 12024.. £67,393) is incluc¢ed within the above figures. This relates to grants
received. Income lor the hire of facilities, rents received and incoming resources Iiom charitable aclivilies.
that relate lo future years.
19.
MOVEMENT IN FUNDS
Nel
movement
in funds
At
3113125
At 114124
Unre$trietèd funds
General fund
296,241
5,425
301,666
Restricted funds
Building Fund
Minibu5 Fund
Nature Trail Fund
Treehouse Project Fund
Arena Refurbishment Project Fund
Nursery Inclusion Fund
446.938
36,392
16,24S
9.021
31,289
718
{26,8161
19,7581
19751
15411
11,8771
883
420,122
26,634
15,270
8,480
29.412
1,601
540,603
(39,0841
501,519
TOTAL FUNDS
836,844
(33,6591
803,185
Page 26
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Financial Statements - ¢ontinued
FOR THE YEAR ENDED 31 MARCH 2025
19.
MOVEMENT IN FUNDS . continued
Nel tnovement in funds, in¢luded in the above are as follows..
Incoming
resources
ResoLJrces
expended
Movemenl
in funds
Unrestricted funds
General fund
1,915,066
11.909,6411
5,425
Restrlcted funds
Building Fund
Minibus Fund
Nature Trail Fund
Treehouse Project Fund
Aren8 Relurbishmenl Project Fund
East End CommurTrily Foundation
Apprenticeship Fund
Nursery Inclusion Fund
London Borough of Tower Hamlets
Summer Playscheme Fund
Canary Wharf Group Natural Worfd of
Mudchule Fund
126.8161
{9.7581
19751
15411
{1,8771
{26,8161
(9,7581
19751
15411
(1.87n
30,000
2.639
130,0001
(1,7561
883
1,500
(1,5001
10,501
110,5011
44,640
183,7241
{39.0841
TOTAL FUNDS
1,9S9,706
11,993,365)
{33,6591
Comparatlves for movement In funds
Nel
movement
in funds
Al
3113124
Al 114123
Unreslrl¢ted funds
Geneial fund
263,054
33,187
296,241
Restricted funds
Building Fund
Minibus Fund
Nature Trail Fund
Treehouse Project Fund
Arena Refurbishment Project Fund
Nursery InGlusion Fund
475,466
1.173
17,282
9.597
33,286
1,000
128,5281
35,219
11,0371
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
836,844
Page 27
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Financial Statements - continu•d
FOR THE YEAR ENDED 31 MARCH 2025
19.
MOVEMENT IN FUNDS- contlnuèd
Comparative nel movement in lunds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcled funds
General fund
1,642,172
11,608,985)
33,187
Re$trlcted funds
Building Fund
Minibus Fund
Nature Trail Fund
Treehouse Project Fund
ena Relurbishmenl Project Fund
London Borough 01 Tower Hamlets
Fund
Nursery In¢lusion Fund
The Sl John's Park Holiday Aclivilies
Fund
East End Community Foundab'on
Apprenticeship Fund
128.5281
112,1311
{1,0371
15761
11,9971
128,5281
35,219
11.0371
15761
11,9971
47,350
11.667
6,8S3
111,6671
17,1351
12821
16,300
{16,3001
22,500
122,5001
104,670
1101,8711
2.799
TOTAL FUNDS
1,746.842
11,710.8561
35,986
Unrestricted funds
The General fund includes income from grants. fundraising and faiming activities. Also included within the
general fund, is incorne from the charills other trading aclivilies, which consist of rents received, hire of
facilili8s and the sale of chrislmas trees.
Rastricted funds
The Building fund represents the nel book value of the restricted portion of buildings on the site.
The Minibus fund represents the nel book value of minibuses purchased wilh resln¢led monies.
The Nalure trail fund rep￿SentS monies given to improve pathways and accessibility lo the farm site.
The Treehouse project fund represents monies given to enable the builtjing of a tree house wh￿h is part
of the children's services provision.
The Arena relurbishmenl projecl fund represents monies given lo rebuild the riding arena.
The London 8orough ol Tower Hamlets fun¢J represents monies given to run activities lo support yoijng
people and promote a healthy lifest5de. The fund monies were lully expended during the ye8r.
The Nursery inclusion fund represents monies given to support children who require one lo one support.
The East End Community Foundation apprenli¢eship fund represents monies given lo provide training &
work experience for apprentices at Mudchute. The fund monies were fully expended during the year.
Page 28
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025
19.
MOVEMENT IN FUNDS- ¢ontinued
The London Borough ol Tower Hamlets Summer Playscheme Fund represents monies provided lo offer
range ol free summer activities lor residents of the borough. The funding was awarded for Mud¢hute to
provide freé farm tours for visitors lo Mudchule, two days each week for a lolal of four weeks during July
August 2024. The fund monies were fully expensed during the year.
The Canary Wharf GTOUP Natural World ol Mudchule Fund represents monies provided to run educational
programmes which include activities such as environmental workshops on habitats and lrfe cycles, farm
tours. and forest school sessH)ns that teach children to care for the environment. The fund monies were
fully expensed during the year.
20.
EMPLOYEE BENEFIT OBLIGATIONS
The charitable company operates a defined conlribub'on scheme. The pension costs charge consists of
contributions payable lo the funds of £21,011 {2024.. £17.627}. Contributions of £4,367 12024: £3,6041
were outstanding at the end of the period.
21.
OTHER FINANCIAL COMMITMENTS
The following operating lease payments are ¢ommilted lo be paid.,
2025
2024
Within one year
Befvjeen one and live years
In more than five years
768
64
768
832
832
1.600
The following lease payments have been recognised as an expense in the slalemenl of financial activities..
2024
2025
Operating lease rentals
736
944
The land at Mudchule Farm is leased by The Mudchute Association from the Mayor Burgesses of the
London Borough of Tower Hamlets ILBTHI. Undei Ihe lease the open markel rental value is cuirently a
peppercorn as with the land comes the obligation lo provide and maintain a public park wilhoul the funding
lo support this.
The existing 30 year lease eXpl￿d on 30 June 2024. The lease is subjecl to the provisions ol The
Landlord and Tenant Act 1954 which means that the existing lease is ¢onlinued until terminated in
accordance with the Act.
The Associalion has commenGed proceedings in the County Court for the granl ol a new le8se pursuant lo
Part 11 ol the Landlord and Tenant Act 1954. The grant of a new lease is not OPPDsed and negotialions
over ils terms are proceeding satisfactorily, with the OLJl¢ome expected by May 2026 al the lalesl
Page 29
continued...

THE MUDCHUTE ASSOCIATION
Notès to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025
22.
RELATED PARTY DISCLOSURES
During the year under review, lolal salary payments £55.448 12024.. £35,231) weie made to two adult
children IPaul Tracey & Laura Brown), one adult giand¢hild (Sadie Tracey) and the daughter in law
(Dionne Tracey) of the general manager (Margaret Tracey). who were employed by thè charity. These
transactions were in the normal course of the charill5 operations.
so during the year under review, lolal rental income of £13,63812024.' £13,645) was received from iwo
12024.. two) ol the employees of the charity, lor flats based within the leasehold of the Gharily.
SD during the year under review, lolal renlal income of £1.72712024'. £7,062) was received from John
Cavanagh, the spouse of Lorraine Cavanagh, a former chairperson and trustee (resigned 04107120241.
Invoices lolalling £5.899 are Included within trade debtors in respect of the rental income. and are
considered fully recoverable.
As also noted in note 24, lolal salary payments of £229,922 12024." £170,708) were rnadé to key
management personnel during the year. These transactions were in the normal course of the charit¥s
operations. The key management personnel are Margaret Tracey, Victoria Strong. Tom Davis &
Zemichael Abrha.
The charitable company received donations without conditions of £nil 12024.. £1201 from related parties
and trustees, of whi¢h £nil12024.. £1201 relates lo Irustee donations as detailed in note 11 of the financial
slalemenls, wher& more deiails of these donations can be found.
The charitable company reimbursed expenses of £84512024." £3671 lo relaled parties and Iruslees. More
details of these expenses can be found in note 1101 the linancial slalemenls.
Total salary payments of £4.77012024.. £1,056) were made to Mary Gray, a trustee of the charty. More
details regarding these salary payments can be found in note 11 of the financial slalements.
23.
FINANCIAL INSTRUMENTS
2025
2024
Flnancial assets
Financial assets that are debt inslruTnents measured at amortised Cost
439,021
367,484
439,021
367.484
Finan¢ial liabilities
Financial liabilities measured al amortised cost
248.638
127,066
248,638
127.066
Financial assets measured al amortised cost comprise trade debtors, other debtors, and cash and cash
equivalents.
Financial liabilitie5 measured at amortised c051 Comprise trade creditors, other creditors and social
securities.
Page 30
continued...

THE MUDCHUTE ASSOCIATION
Notes to the Financial Statements - ¢ontinued
FOR THE YEAR ENDED 31 MARCH 2025
24.
KEY MANAGEMENT PERSONNEL
Key management includes the trustees, the director general, the farm manager, the finance and
administration manager and the nursery manager. The Compensation paid or payable to key management
for etnployee services is shown below..
2025
2024
Salaries and other short-lerm benefits
229,922
170,108
25.
LESSOR COMMITMENTS
At the year end the charity have leased assets, in Tegards lo rental ol part of the short leasehold building,
which Is capilalised within the balance sheet, as well as the rental of telephone m8s1s included wthin the
land of the short leasehold property. Both rental agreements are currently on a monthly iolling rental.
Page 31