# annual report 2024-25 



## chair’s report 

## "our sucCess relies on remarkable partnerships spanning eduCation, community serviCes, and corporate support.” 

**It has been an exceptional year for Spitalfields City Farm, marked by significant growth and meaningful community impact. I am delighted to report that we welcomed 2,475 individual school children through our gates, demonstrating our** 

**vital role in environmental education within Tower Hamlets and beyond.** 

`Our commitment to accessibility has been transformative. Through partnerships with Tower Hamlets Visual Impairment team, we have created inclusive experiences that allow children with visual impairments to explore nature through sensory` interaction. This reflects `our core mission of ensuring the Farm is welcoming to all communities.` 

`The dedication of our 50 volunteers, contributing 7,742 hours through` 

`team challenges, has been extraordinary. Their efforts, alongside our extensive network of partners, have enabled crucial site improvements including new stables, glasshouses, and accessible raised beds.` 

`Our success relies on remarkable partnerships spanning education, community services, and corporate support. From the Jack Petchey Foundation enabling our Youth Engagement intern to the Childhood Trust funding holiday activities, each relationship strengthens our impact. Corporate partners like Lockton’s and innovative collaborations such as our fresh produce partnership with St John Bread & Wine demonstrate the Farm’s role as a community catalyst.` 

`Our Young Farmers programme` continues to flourish, with `21 participants contributing` 

`and Westminster College’s deaf students. These partnerships, alongside our volunteer referral network including Dellow Centre and local autism services, demonstrate our commitment to serving diverse community needs.` 

`658 volunteer hours. These young people exemplify the Farm’s role as a community catalyst, developing` confidence, resilience, and `environmental stewardship.` 

`Our community partnerships` have deepened significantly `this year. We’ve` 

`strengthened relationships As we look ahead, I am with local schools including` proud of how Spitalfields `St. Anne & Guardian Angels City Farm continues to and Thomas Buxton, while create environmentally expanding our reach through knowledgeable communities collaborations with the while fostering genuine Brady Centre’s women’s ESOL connections between people, group, Daniel Gilbert House, animals, and nature.` 


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Year at a Glance  2)<br>**----- End of picture text -----**<br>


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## our year at a glance 

## income and expenditure 

2,475 visits from 256 hours supporting 7,742 hours contributed sChool children primary sChools in tower hamlets by 75 volunteers PANG) Roe hg a cle tS y ya Pop es ) an «<® = eS aS over 100 hours of free 658 hours of £75,474 spent on sChool holiday aCtivities volunteering by young farmers site improvement `[*]` 

total income: £591,338 total expenditure: £484,850 total funds: £554,785 `All donations: £216,133 Staff salaries: £337,315 Unrestricted Funds: (38%) (70%) £389,185 Grants: £294,521 Animal welfare (excluding (70%) (50%) Restricted` staffing): £11,484 `Contract income: £11,508 (3%) Funds:£165,600` | `(2%) Utilities: £11,460 (30%) Shop sales: £20,681 (3%) (3%) Site Repairs: £18,123 Venue hire: £13,877 (4%) (2%) All other running costs: Mobile Farms: £8,625 £106,468 (1%) (20%) All other income: £25,993 (4%)` 

`*During the year, the Farm carried out site improvement work of £57,351, all of which has been capitalised under Balance Sheet, and the rest of the site repair work amounted to £18,123.` 

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## education 

## creating environmentally knowledgeable and action-orientated communities who are stewards for the future, by providing inspiring educational experiences. 

## schools 

**`2,475 Number of individual visiting school children 62 Number of hours of guided tours`** 

**`51 Number of individual schools visiting on trips`** 

- **`256 Number of hours with local partner schools`** 

`It’s been a fantastic year for the Education team. We are proud to have supported more young people than ever, thanks to growing partnerships, expanded projects, and an increase in team capacity.` 

`With support from the Jack Petchey Foundation, we welcomed Education and Youth Engagement intern Aminah Shabir to the farm full-time.` 

`Aminah – known as Arms – has been an invaluable asset and now steps into the role of Young Farmers Coordinator, continuing to grow our popular Saturday sessions.` 

`Our holiday activities,` 

`funded by the Childhood Trust, were consistently well attended. Highlights included storytelling with local performer Rez Kabir, a comic book drawing workshop, pinhole photography, weekly Stay and Play sessions, and plenty of animal handling.` 

`During term time, our team has continued gardening sessions with students from Nursery to Year 6 at St. Anne & Guardian Angels, and with Year 3 at Thomas Buxton. We also welcomed SEND groups from Thomas Buxton and Christ Church Primary on Mondays – when` 

`the farm is closed to the public – for a calmer, more supportive experience. Staff have observed growing` confidence and resilience `among this group.` 

`We have embarked on a new partnership with Tower Hamlets Visual impairment team, which has led to visits from families and children experiencing visual impairment and thinking of innovative ways to allow the Farm to be as accessible as possible.` 

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## young farmers 

## **21 Young Farmers attending** 

**658 Hours of volunteering by Young Farmers** 

## **52 Young Farmers sessions delivered** 

`Through weekly Saturday sessions, for the last 12 months over 20 young people from Tower Hamlets and` slightly further afield had `the opportunity to regularly contribute to the upkeep of the Farm. Our regular group of Young Farmers, had the chance to complete a First Aid course with St John Ambulance, go on a trip to Surrey Docks Farm to meet and collaborate with their Young Farmers, as well as attend a bee workshop on site with our resident beekeeper Salvatore.` 

`Other activities included, craft sessions involving letter writing to their` 

`future selves for mental health awareness month, and bracelet making for sale in the Farm shop. Finally, we continued the usual...` 

`animal care, cooking, woodwork and the planning` 

`and planting of plants and` flowers in the education `gardening bed. These will hopefully then be cycled back into future cooking sessions - showing the young people how cyclical and resourceful a city farm can really be. The Young Farmers recently made and very excitedly decorated` 

**One of our longer standing Young Farmers, A said:** 

“i have something to look forward to now and animal interactions boosts my mood like literally. i enjoy planting the most though” 

`new signage for their gardening bed.` 

`Over the past year we have continued to have school avoiders join our Young Farmer programme in hopes to help reintegrate them into more social settings and give them a sense of community. The Young Farmers programme continues to be a microcosm for the wider` farm team and a reflection `of the demographic of the local community, helping young people to form longstanding connections within and outside of the farm.` 

## farmyard 

`Spring welcomed new arrivals to the Farm with a successful lambing of our Rare Breed sheep, the Castlemilk Moorits. Volunteers help raise and train the lambs which provides valuable lessons about responsibility, animal care, and the cycles of nature – whilst seeing the lambs grow is a` fulfilling experience for `all our farm users.` 

`With our growing herd we were able to offer local school groups educational wool workshops. Each class was able to watch the shearing and then learn all about how wool is processed to make yarn, including having a go at carding and spinning the` fleece. They were also able `to weave a little coaster to take home with them.` 

`Additional new residents were adopted during the year:` 

`2 Guinea Pigs from Wood Green Animal Shelter, 20 Excommercial hens from British Hen Welfare Trust, 2 Ferrets` 

`from Essex Ferret Welfare Society` 

`A highlight of the summer was a volunteer collaboration resulting in a guest resident - Toby the Tortoise! He won the hearts of all who had the pleasure to meet him and was` 

`carefully drawn by children in our drawing safari. 21 Mobile Farms were delivered to schools, care homes, community venues, and a particularly special visit to Great Ormond Street Hospital School – each bringing many physical, emotional, educational,` social benefits to a wide `diversity of participants` 

`Recreational and therapeutic visits provide contact with animals for people who may not normally have the opportunity.  Interaction with animals and nature has been proven to promote stimulation, self-expression and enhance wellbeing.` 

`Upon completion of our paddock fences, we had a unique opportunity to harvest the overgrown grass, with volunteers Mike & Lisa using their scythes to demonstrate traditional grass cutting and make our` own Spitalfields Hay! 

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## tower hamlets learning advisory service – Case study 

“i like going to the farm because the animals are nice and it’s fun. i liked the goat because it was funny, they were just getting over the fenCe, and i liked feeding the animals, the plants, and the blaCk cat chilling.” 

`created a safe, welcoming space where children with visual impairment can experience the wonder of` nature firsthand. This `collaboration allows us to offer a uniquely enriching experience by adapting and creating a safe and welcoming environment where children and young people with visual impairments and their families can touch and interact with a variety of animals. The Farm offers an invaluable opportunity for sensory exploration and learning.` 

`temperatures of animals, making abstract ideas concrete and expanding their understanding of the natural world. These moments of connection` foster confidence, `curiosity, and spatial awareness, supporting both emotional well-being and cognitive growth.` 

`For many children with visual impairments,this experience is a rare chance to explore and understand their environment in ways that traditional settings do not always provide. By making nature accessible and inclusive,` the Farm affirms their `ability to learn, discover, and thrive.` 

`Through a partnership with the Learning Advisory Service from the Borough of Tower Hamlets,` Spitalfields City Farm has 

`Through direct, handson interaction, visually impaired children can feel the textures, shapes, and` 

## site improvements 

Creating a welComing spaCe for people of all communities to come together, cultivate, grow and learn. 

**A key objective of our three-year strategy was to make significant investment into improving the accessibility of the Farm as well as its facilities, to better cater for our visitors, volunteers and animals. Over the past eighteen months, much of this ambition has come to fruition, led by our Site Manager Steven Adams.** 

`Our stables have been re-built as well as introducing new housing for our small animals. We have built two new glass houses and replaced most of our raised beds.` 

`Finally, work on building new toilets, improving our disabled toilet and hand washing facilities has started and is due to be completed by June 2025.` 

`Building on this, we` 

`The Farm’s much loved tree house had to be dismantled, and these have been replaced by more robust play and climbing equipment.` 

`want to improve the paving around the Farm site as well as the fencing in our farmyard area.` 

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## Meet our site manager 

`Steven is responsible for managing and maintaining our two-acre site.` 

**`What attracted you to` working at Spitalfields** **`City Farm?`** 

`I originally started as a volunteer in 2017. I was looking for an outdoor volunteer opportunity to do at the weekends around my job. I was suggested to visit the Farm by a friend and immediately fell in love with the place!` 

**Tell us more about your role as the Farm’s Site** **`manager?`** 

`which tie in to both the upkeep and the renovation of the Farm.` 

`I’m responsible for` 

`making sure the site stay safe and improving areas wherever possible! I lead our corporate volunteer sessions` 

**What is the most challenging aspect of the role?** 

`Figuring out what projects to start next! The Farm has` 

`so much potential to be even better than it already is and choosing the next renovation is` always difficult! 

**What is your favourite** **`Farm animal + why?`** 

`I absolutely love the donkeys! They’re so gentle and are one of the cuddliest animals on the Farm` **`.`** 

**What plans do you have for the Farm site in the coming years?** 

`My main focus is to make the space more accessible. Working on levelling out pathways and introducing more accessible features around the site. There’s also plans to incorporate a lot more interactive education for all visitors.` 


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New glasshouses, raised beds<br>+ play equipment.<br>**----- End of picture text -----**<br>


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**`Volunteer wreath making workshop.`** 

## volunteering 

Creating an environment for our community to build on their strengths, so that together we can address variations in people’s opportunities for a healthy life. 

## **`60 current volunteers`** 

`formal discussions between volunteers and staff.` 

`digital with online forms and the use of a CRM system` allowing for more efficiency `in the process but also for more secure data storage. We continue to offer printed forms in English and Bengali to ensure there are no barriers to volunteering with us.` 

**`7,742 volunteer hours contributed`** `Our 50 volunteers continue` to reflect the diversity of `Our dedicated team of weekly our local community as well volunteers continue to be as that of London with the the backbone of the Farm and majority being residents of we are forever grateful for local boroughs as well as the time and energy they being referred from social dedicate to ensure the Farm prescribers and local support runs smoothly. We show our services such as Dellow appreciation through monthly Centre and Autism services socials such as wreath to name a few. Included in making at Christmas, harvest this is the ‘Coriander Club’ celebration lunches, craft which continues to be a afternoons and more. huge success.` 

`Our dedicated team of weekly volunteers continue to be the backbone of the Farm and we are forever grateful for the time and energy they dedicate to ensure the Farm runs smoothly. We show our appreciation through monthly socials such as wreath making at Christmas, harvest celebration lunches, craft afternoons and more.` 

`We continue to work closely with local charities to offer the Farm as a means of supporting their service users and volunteers. We have run gardening sessions with the women’s ESOL group from the Brady Centre, started monthly volunteering groups with Daniel Gilbert House and held monthly sessions with a group of deaf students from Westminster College.` 

`We also continue to offer further learning opportunities with trainings on chicken health and a trip to Stepney City Farm. To ensure volunteers are kept up to date with Farm wide developments we hold quarterly meetings opening the space up for more` 

`In the coming months we plan to launch a new visitor engagement volunteer role, diversifying our volunteer opportunities whilst also improving our engagement with visitors.` 

## `Overall, the volunteer` 

programme and its benefit to `the Farm and local community` 

`We have also been making our volunteer systems more` 

`has strengthened and grown in the past year to continue to support teams across the Farm as well as opening further opportunities for adult wellbeing within our local community.` 

## Volunteer team Challenges 

## **`2150 volunteers`** 

**`7,841 volunteer hours`** 

## **`172 teams`** 

`Sarah Nash from Lockton’s, one of our long-term supporters, discussed her experience of organising a team challenge for colleagues at the Farm.` 

**`What are you looking for from employee team building sessions and why have you chosen to partner with the Farm?`** 


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Farm volunteers visit Kew Gardens.<br>**----- End of picture text -----**<br>


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## st John at the farm 

`Contributing to the communities we operate in has always been a crucial aspect of Lockton’s core values. Our track record of volunteering and fundraising demonstrates this ongoing commitment. The Lockton GREAC team have participated in many community projects over the years for a range of charities and causes, however we have a long-running` history with Spitalfields City `Farm. The team love what you do and the impact you have on the local community and beyond, so it was an easy decision to make in terms of starting a partnership with the farm.` 

**What were your employees’ experiences of their recent Team Challenge Days? What activities did they do?** 

`Since beginning the partnership in June 2023, GREAC have deployed 81 Associates over 5 volunteer days, equating to 324 hours` 

`of work – and counting! The teams have done everything from painting, mucking out, planting, weeding, sweeping, digging, and of course helping to herd the animals at the end of the day. Our team photos are always full of genuine smiles and everyone comes away feeling like they have made a difference.` 

**How do you think the Team Challenge Days benefit your employees?** 

`GREAC now have over 200 Associates in our team, therefore it’s becoming` increasingly difficult `to remain connected and` 

`maintain relationships. These team challenge days are a fantastic way for the team to spend time with people they may not know well, or at all, as well as give back to the community. Being outside for the day is also a welcome change from being` in the office, and a wholesome `way to spend an afternoon with colleagues.` 

**Anything else you’d like** **`to add.`** 

`I have personally very much enjoyed organising the quarterly volunteer days for my team and hearing how much people enjoyed their time there – I still remember the` joy I felt the first time I `visited, as I had no idea such spaces existed in the City of London! I have loved getting to know the team there over the years and hope that we have helped, and continue to help, make a difference to the farm and its surrounding community.` 

**Farouq from St John + Chris, the Farm’s Growing Manager.** 

**In early 2024 long term friend of the Farm, The Gentle Author, introduced Farokh Talati, Chef at** **`St John Bread & Wine to` Chris Gorgay, the Farm’s Growing Manager. The result is that fresh produce from the Farm has become an integral part of the menu** **`at St John, where diners` can now enjoy vegetables grown locally and picked fresh that morning. The Farm is just six minutes walk from the restaurant in Commercial St.** 

`“Every time I come here I` 

`learn something new!” Farokh said. “I’ll go over to the farm once a week, chefs will go on other days, and Chris delivers produce maybe twice a week. And we’re always talking to each other, Chris will send me a picture of something that’s coming up soon. I’ve been over with St John’s founders, Trevor Gulliver and Fergus Henderson.”` 

`“For me it’s important for St John to have a strong` 

`sense of connection with the community and the joy that it’s given us to use this farm, and to know that we can go over there and say, ‘Can we grab this?’ or ‘Can we grab that?’ or for them to come over and put their produce down on the table in front of guests. People will be eating their lunches and in walks Chris with onions, fresh garlic and mulberries and it’s such a proud moment.”` 

`“It’s rare in London restaurants. In many places I’ve worked the produce is there in the morning in boxes and you can forget where it came from. I have a huge sense of pride when I brief the waiters to say, ‘This dish has come from` Spitalfields City Farm and I `want you to talk about it at the table.’ How proud we are to announce, ‘These were picked this morning at the farm down the road.’”` 

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## ER x ’ ” wt ™~ S- ~~ ae a ai — — Se REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 

## SpITAlFIElDS FARM ASSOcIATION LIMITED REPORT OF THE TRuSTEES FOR THE YEAR ENDED 31 MARCH 2025 

## OBJEcTIVES AND ACTIVITIES STRATEGIc REPORT 

**`The trustees 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 trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective`** 

## **`OBJECTIVES AND AIMS`** 

## **`ACHIEVEMENT AND PERFORMANCE CHARITABLE ACTIVITIES`** 

`The principal activity of the charity in the year under review was that of running an inner-city farm` for the benefit of the inhabitants of Spitalfields `and the surrounding neighbourhood by utilising its facilities to provide education and volunteering activities for the community.` 

`Thanks to the hard work of the Farm’s passionate and dedicated staff team, and our wonderful volunteers and Trustees, the Farm continued an extraordinary range of charitable and community efforts this year, reaching many people from diverse groups in the local community and more widely.` 

## **`PUBLIC BENEFIT`** 

The Trustees confirm that `they have complied with the duty in section 4 of the Charities Act 2006 to have` due regard to public benefit `guidance published by the Charities Commission in determining the activities undertaken by the Charity.` 

**`1 January 2019).`** 


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## report of the trustees for the year ended 31 march 2025 

## strategic report 

## **`FINANCIAL REVIEW RESULTS FOR THE YEAR`** 

`The result for the year ended 31 March 2025 was a surplus of £106,488 (2024: surplus £149,410). This surplus includes a restricted grant from Veolia Environmental Trust` of £75,000, at the financial `year end. The grant remains unspent and will be spent during the year 2025/26.` 

## **`INCOME:`** 

```
Total income for the year
amounted to £591,338 (2024:
£541,451).
```

## **`EXPENDITURE:`** 

```
Total expenditure for the
year was £484,850 (2024:
```

```
£392,041).
```

## **`FUNDS:`** 

```
The Farm’s funds at 31
March 2025, amounted to
£554,785 (2024: £448,297),
of which £389,185 (2024:
£347,931) was unrestricted
funds and £165,600 (2024:
£100,366) was restricted.
```

## **`FINANCIAL REVIEW`** 

## **`GRANTS AND DONATIONS`** 

```
Thank you to the following
for providing us with a
grant or donation during
the past year:
```

## Garfield Weston 

```
Jack Petchey Foundation
Tower Hill Trust
Community Fund (Reaching
Communities, England)
The Worshipful Company of
Horner’s Charity Fund
City Bridge Foundation
SEI Investments
Access Reach Fund
Veolia Environmental
Trust
```

```
The Worshipful Company of
```

```
Vintners
The Childhood Trust
Worshipful Company of
Farmers
```

```
Thank you to the companies
who either attended our
team challenge volunteering
programme in person, or who
supported the Farm by making
donations or pre-paid for
future volunteering days.
Companies in 2024-25 were:
```

`Ably Realtime; Accenture; Addleshaw Goddard; Adverity; AECOM; Amplify; Antares; Antares Global; Apollo; Ares; Ashurst Atlantis; Aventum; Aviva; Baker McKenzie; Beat Capital; Beazley: Blackrock; Bloomreach; British Psychotherapy` Foundation Brookfield `Properties; Buzzacott; CFC (Click for Cover); CFC Underwriting; Chaucer; Checkout.com; Cincinnati Global Underwriting Ltd; Climate Impact Partners; Coats; Columbia Threadneedle; Davies Group; DropBox; DTZ Investors; Econergy; Ethical Trading Initiative; Financial Ombudsman Service; Gallagher Craig; Gallagher Harry; Global Aerospace;` 

`Global Assosication of Risk Professionals; Harrison Holgate; Headbox; Helical; Hewlett Packard Enterprise; staff. Howden Group; Igneo; ING; Insurance Institute of London; Internet Matters; Intuit; IQ-EQ; IQUW Group; KBC Bank NV; Kennedys Law LLP; Liberty; Linklaters; Lockton; Mackie Myers; Macquarie; Man Group; Markel; Mastercard; Maximus; MESH Construction; MS Amlin; Natterbox; Nomura; Nuveen; One Four Nine Group; Pallas; Partner Reinsurance Europe; Peel Hunt; Peters & Peters; Proctimise; PSE Consulting;` **Farm shop.** `Redis; RSM UK; S&P Global; Salesforce; Savills; SEI;` **`INVESTMENTS`** `Six; Smartsheet; Solici; Source Code Comms; Standard Chartered; Talbot; Texel; investments. The Investment Association; The Up Group; Thomas Miller; Tokio Marine HCC;` 

```
Special thanks also to
the East London Business
Alliance (ELBA) and its
staff.
```

**Thank you to everyone who donated to our successful ‘Champions for Children’ online fundraising campaign; dropped coins into our donation boxes; used the contactless donation machine; contributed via payroll giving; held a children’s party or an event at the Farm; bought our produce or something from the Farm shop.** 

```
The Farm does not hold any
investments.
```

`TransRe; UBS; Unily; United Talent Agency; University of the Arts London; Vervaunt;` Wellcome; Westfield; Woodmac; `Workday; YuLife` 

```
20
```

```
21
```



## report of the trustees for the year ended 31 march 2025 

## **`FINANCIAL REVIEW RESERVES POLICY`** 

## **`UNRESTRICTED RESERVES:`** 

```
Designated for future operating costs   £240,000
Designated for redundancy costs       £30,000
Designated for new learning space   £28,000
```

`As at 31 March 2025, the charity had £389,185 of unrestricted reserves,` adjusting for fixed and `biological assets, the charity had free reserves of £298,820.` 

## **`£298,000`** 

`The trustees will review the reserves policy and the designation of reserves` for specific purposes on an `ongoing basis.` 

```
common vision for where we
are going based on everyone
having a say.
```

```
The trustees consider it
prudent to hold unrestricted ongoing basis.
reserves of approximately 6
months of operating costs FUTURE PLANS
to cover the unexpected loss
of major income sources plus This year we developed a
a contingency for costs new strategy which presents
which could be incurred a vision for the Farm and
in the case of unexpected our services for the period
closure of the Farm. The 2022 to 2025. It outlines
balance of the unrestricted our aims, objectives and
reserves has been allocated priorities. It was the
to the cost of the creation culmination of a period of
of a dedicated learning and consultation with our staff,
education space.volunteers and trustees
during 2021, the purpose of
which was to create a shared
vision of how our city
farm can better serve the
local community, visitors
and other stakeholders: A
```

## struCture, governanCe and management 

## **`GOVERNING DOCUMENT`** 

Spitalfields Farm Association 

`is a registered Charity established as a company limited by guarantee. The objects of the Charity and its governance provisions are set out in the Articles of Association, which were adopted by the Farm’s Board on 16 February 2011. The Trustees have had regard to the Charity Commission’s guidance on` public benefit. 

```
adopted and is in operation
to govern operational matters.
```

## **`RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES`** 

`The Directors of the Charity` **`ORGANISATION AND REPORTING`** `(the Board of Trustees)` **`AT THE FARM`** `are usually appointed from residents or persons working Farm operations and strategy within the Borough of Tower are overseen by the Chief Hamlets or the City of London. Executive. Departmental Trustees are expected to Managers oversee the Farm’s take a particular interest projects and activities, reporting to the Chief` in a specific area of the `Farm’s activities and/or to Executive. have a relevant professional expertise. The Trustees meet monthly` 

`The Trustees meet monthly with the Chief Executive and one or more staff members, on a rotational basis. Trustees` reserve the final decision on `major capital expenditure and strategic decisions.` 

`Governance is undertaken by means of monthly Trustee Board Meetings at which reports are presented for discussion and decisions taken on the various aspects of the Farm’s work together` with the latest financial `information, health and safety matters and other governance issues. A system of internal controls is in operation at the Farm` with regard to all financial `operations. A series of written policies has been` 

## **`OTHER CHARITIES AND RELATED PARTIES`** 

```
There were no relationships
between the charity and
related parties that required
disclosure.
```

```
The Farm was a member of
the following organisations
```

`as this was considered` beneficial to achieving our `objectives:` 

```
Rare Breeds Survival Trust;
East London Business Alliance;
Social Farms & Gardens; London
Youth; Volunteer Centre Tower
Hamlets; Tower Hamlets Council
for Voluntary Services.
```

## **`REMUNERATION POLICY`** 

`All staff salaries are reviewed annually as part of the Farm’s Remuneration policy. The Chief Executive’s appraisal is conducted by the Chair of Trustees. The Board of Trustees recently undertook a comprehensive review and benchmarking analysis of all salaries for parity across the staff roles and pay levels.` The findings and recommendations `of the benchmarking were implemented in January 2025.` 

```
The Farm is committed to
```

```
paying all of our contracted
as well as sessional staff
at the London Living Wage.
```

```
22
```

```
23
```



## report of the trustees for the year ended 31 march 2025 

**RISK MANAGEMENT** `risks. The Farm has systems to give early warning The Board has examined` of financial shortfalls `the principal areas of and regularly reviews the Farm’s operations and its operating policies. considered the major risks The Farm maintains which may arise in a number good contact with the of key areas: necessary governmental departments on animal Governance husbandry, regulations Legal and restrictions, liaises Health & Safety extensively with the local Safeguarding council’s health and Finance` safety officers, and has `conducted a comprehensive` Staffing `Volunteers review of its washing Site` facilities, fire safety `Technology policy and information Privacy & Data Protection boards/warning signs.` 

## **RISK MANAGEMENT** 

`The Board has examined the principal areas of the Farm’s operations and considered the major risks which may arise in a number of key areas:` 

`The Farm utilised a risk In the opinion of the register to review and Trustees, the Farm has monitor various operational established resources and` 

`review systems which, under normal conditions, should` allow the risks identified `by them to be mitigated to an acceptable level in its day-to-day operations.` 

`The Risk Register is reviewed at trustee meetings` 

`on an annual basis.` 

## **`REFERENCE AND ADMINISTRATIVE`** 

## **`DETAILS`** 

`Registered Company number 02021898 (England and Wales)` 

`Registered Charity number 299536` 

Registered office `Buxton Street E1 5AR` 

## **`TRUSTEES`** 

## **`Trustees, who are also`** 

**directors under company law, who served during the year and up to the date of this report were as follows:** 

`Neil Stuart Rodel - Chair Alexander Michael Davidson Michael Richard Woods Momotaz Begum Kathryn Mallett Catalina Mastac Giles Heath Charlton - Appointed 3rd November 2024 Alix Emma H Jackson - Appointed 9th September 2024 Graham Thomas Morgan - Resigned 21st June 2024` 

## **Company Secretary** 

`Alexander Michael Davidson` 

## **Chief Executive Officer** 

## **Independent Examiner** 

`Mr A Patel BA (Hons), BFP, FCA` 

`Prestons & Jacksons Partnership LLP 364 - 368 Cranbrook Road Ilford` 

`Essex IG2 6HY` 

## **`INDEPENDENT EXAMINERS`** 

`Prestons & Jacksons Partnership LLP were appointed as independent examiners to the charitable company during the year.` 

`Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 8th July and signed on the board’s behalf by:` 

`Philip Nichols` 

`Chair of Trustees` 

`24` 

`25` 



## independent examiner’s report to the trustees of spitalfields farm assoCiation limited 

independent examiner’s report to the trustees of spitalfields farm assoCiation limited (‘the Company’) 

```
I report to the
charity trustees on
my examination of the
accounts of the Company
for the year ended
31 March 2025.
```

## **`RESPONSIBILITIES AND BASIS`** 

## **`OF REPORT`** 

```
As the charity’s trustees
of the Company (and
also its directors
```

```
for the purposes of company
```

```
law) you are responsible
for the preparation of the
accounts in accordance with
the requirements
```

`of the Companies Act 2006 (‘the 2006 Act’).` Having satisfied myself `that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under` 

## `Section 145 of the Charities` 

```
Act 2011 (‘the 2011
```

```
Act’). In carrying out my
examination I have followed
the Directions given by the
Charity Commission under
Section 145(5) (b) of the
2011 Act.
```

## **INDEPENDENT EXAMINER’S** 

## **`STATEMENT`** 

`Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body.` I can confirm that I am qualified to undertake the `examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.` 

```
and fair view which is matters in connection
not a matter considered with the examination to
as part of an independent which attention should be
examination; or drawn in this report in
```

```
I have completed my
```

examination. I confirm that `no matters have come to my attention in connection with the examination giving me cause to believe:` 

```
with the examination to
which attention should be
drawn in this report in
order to enable a proper
understanding of the
accounts to be reached.
```

- `cause to believe:` **4** `the accounts have not understanding of the been prepared in accounts to be reached.` 

- **`1`** `accounting records were accordance with the not kept in respect of the methods and principles Company as required by of the Statement of Section 386 of the 2006 Recommended Practice Act; or for accounting and reporting by charities` 

- **`2`** `the accounts do not (applicable to charities` **`Mr A Patel BA (Hons), BFP,`** `accord with those records; preparing their accounts` **`FCA`** `or in accordance with the Financial Reporting` **Prestons & Jacksons** 

- **`3`** `the accounts do not Standard applicable in` **`Partnership LLP`** `comply with the accounting the UK and Republic of` **364 - 368 Cranbrook Road** `requirements of Section Ireland (FRS 102)).` **Ilford** `396 of the 2006 Act other` **`Essex IG2 6HY`** `than any requirement that I have no concerns and the accounts give a true have come across no other Date: 8th July` 

- **`1`** `accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or` 

```
26
```

```
27
```



## statement of financial activities (inCorporating an inCome and expenditure acCount) for the year ended 31 march 2025 

|**`INCOME AND ENDOWMENTS FROM`**<br>`Donations and legacies`<br>**Charitable activities**<br>`Horticulture`<br>`Education`<br>`Team Challenges`<br>`Other trading activities`<br>`Investment income`<br>**`Total`**<br>**`EXPENDITURE ON`**<br>`Raising funds`<br>**`CHARITABLE ACTIVITIES`**<br>`Charitable activity`<br>**`Total`**<br>`Notes`<br>`2`<br>`5`<br>`3`<br>`4`<br>`6`<br>`7`|`Unrestricted`<br>`fund`<br>`£`<br>**149,070**<br>**`20,682`**<br>**`20,206`**<br>**97,657**<br>**13,878**<br>**`6,181`**<br>`Restricted`<br>`fund`<br>`£`<br>**281,664**<br>**`-`**<br>**`2,000`**<br>**`-`**<br>**`-`**<br>**`-`**<br>**`31.3.25`**<br>**Total funds**<br>**`£`**<br>**430,734**<br>**`20,682`**<br>**`22,206`**<br>**97,657**<br>**13,878**<br>**`6,181`**<br>`31.3.24`<br>`Total funds`<br>`£`<br>`439,410`<br>`19,234`<br>`31,761`<br>`24,025`<br>`21,931`<br>`5,090`|
|---|---|
||**307,674**<br>**283,664**<br>**`591,338`**<br>`541,451`|
||**`20,882`**<br>**245,538**<br>**`18,560`**<br>**199,870**<br>**39,442**<br>**445,408**<br>`36,467`<br>`355,574`|
||**266,420**<br>**218,430**<br>**484,850**<br>`392,041`|



|**`NET INCOME`**<br>`Transfers between funds`<br>**`RECONCILIATION OF FUNDS`**<br>`Total funds brought forward`<br>**`TOTAL FUNDS CARRIED FORWARD`**<br>`Notes`|`Unrestricted`<br>`fund`<br>`£`<br>**41,254**<br>**347,931**<br>`Restricted`<br>`fund`<br>`£`<br>**65,234**<br>**`100,366`**<br>**`31.3.25`**<br>**Total funds**<br>**`£`**<br>**106,488**<br>**448,297**<br>`31.3.24`<br>`Total funds`<br>`£`<br>`149,410`<br>`298,887`|
|---|---|
||**`389,185`**<br>**`165,600`**<br>**554,785**<br>`448,297`|



_The notes form part of these financial statements_ 

_The notes form part of these financial statements_ 

```
28
```

```
29
```



## statement of financial position 

## 31 march 2025 

||Notes|**31.3.25**|31.3.24|
|---|---|---|---|
|||**£**|£|
|**FIXED ASSETS**||||
|Tangible assets|14|**98,685**|30,119|
|**CURRENT ASSETS**||||
|Biological Assets|15|**6,085**|5,900|
|Debtors|16|**89,328**|25,122|
|Cash at bank and in hand||**415,529**|436,057|
|||**510,942**|467,079|
|**CREDITORS**||||
|Amounts falling due within one year|17|**(54,842)**|(48,901)|
|**NET CURRENT ASSETS**||**456,100**|418,178|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||**554,785**|448,297|
|**NET ASSETS**||**554,785**|448,297|
|**FUNDS**|19|||
|Unrestricted funds||**389,185**|347,931|
|Restricted funds||**165,600**|100,366|
|**TOTAL FUNDS**||**554,785**|448,297|



`The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.` 

`The members have not required the company to obtain an audit of its` financial statements for the `year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.` 

`The trustees acknowledge their responsibilities for` 

**`a`** `ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` 

`requirements of Sections` 

`394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating` to financial statements, so `far as applicable to the charitable company.` 

**`b`** `charitable company.` preparing financial `statements which give a true and fair view of the state of affairs of the charitable company as at the end of each` financial year and of its surplus or deficit for each financial year `in accordance with the Chair of Trustees` 

The financial statements were `approved by the Board of Trustees and authorised for issue on 8th July and were signed on its behalf by:` 

_The notes form part of these financial statements_ 

_The notes form part of these financial statements_ 

`30` 

`31` 



## statement of Cash flows for the year ended 31 march 2025 

|**Cash fows from operating activities**<br>`Cash generated from operations`<br>`Net cash provided by operating`<br>`activities`<br>**Cash fows from investing activities**<br>Purchase of tangible fxed assets<br>`Interest received`<br>`Net cash used in investing activities`<br>**Change in cash and cash equivalents**<br>**in the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the end**<br>**of the reporting period**<br>`Notes`<br>`1`|**`31.3.25`**<br>**`£`**<br>**49,230**<br>`31.3.24`<br>`£`<br>`148,837`|
|---|---|
||**49,230**<br>`148,837`|
||**(75,939)**<br>**`6,181`**<br>`(31,151)`<br>`5,090`|
||**(69,758)**<br>`(26,061)`|
|||
||**`(20,528)`**<br>**436,057**<br>`122,776`<br>`313,281`|
||**415,529**<br>`436,057`|



_The notes form part of these financial statements_ 

## notes to the statement of Cash flows for the year ended 31 march 2025 

## **`1 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES`** 

|**Net income for the reporting period**<br>**(as per the Statement of Financial Activities)**<br>**Adjustments for:**<br>`Depreciation charges`<br>`Interest received`<br>`Other`<br>`Increase in biological assets`<br>`Increase in debtors`<br>`Increase in creditors`<br>**Net cash provided by operations**<br>**`2 ANALYSIS OF CHANGES IN NET FUNDS`**<br>**Net cash**<br>`Cash at bank and in hand`<br>**`Total`**<br>`At 1/4/24`<br>`£`<br>`436,057`<br>`436,057`<br>`436,057`|**Net income for the reporting period**<br>**(as per the Statement of Financial Activities)**<br>**Adjustments for:**<br>`Depreciation charges`<br>`Interest received`<br>`Other`<br>`Increase in biological assets`<br>`Increase in debtors`<br>`Increase in creditors`<br>**Net cash provided by operations**<br>**`2 ANALYSIS OF CHANGES IN NET FUNDS`**<br>**Net cash**<br>`Cash at bank and in hand`<br>**`Total`**<br>`At 1/4/24`<br>`£`<br>`436,057`<br>`436,057`<br>`436,057`|**`31.3.25`**<br>**`£`**<br>**106,488**<br>**7,372**<br>**`(6,181)`**<br>**`1`**<br>**`(185)`**<br>**(64,206)**<br>**5,941**<br>`31.3.24`<br>`£`<br>`149,410`<br>`1,032`<br>`(5,090)`<br>`-`<br>`(660)`<br>`(10,669)`<br>`14,814`|
|---|---|---|
|||**49,230**<br>`148,837`|
|||Cash fow<br>`£`<br>`(20,528)`<br>**`At 31/3/25`**<br>**`£`**<br>**415,529**|
||`436,057`|`(20,528)`<br>**415,529**|
||`436,057`|`(20,528)`<br>**415,529**|



```
32
```

```
33
```



## notes to the financial statements 

## for the year ended 31 march 2025 

## 1 acCounting poliCies 

## **`BASIS OF PREPARING THE FINANCIAL STATEMENTS`** 

The financial statements of `the charitable company,` which is a public benefit `entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006.` The financial statements `have been prepared under` 

```
the historical cost
```

```
convention.
```

## **`GOING CONCERN`** 

`The Farm’s work continues to attract endorsement through attendance of their events, programmes and sponsorships grants and/ or donations.` From the financial position, `the Board is comfortable that the Farm is a viable going concern.` 

```
As a result of this, the
accounts have been prepared
on a going concern basis.
```

## **`INCOME`** 

```
All income is recognised in
the Statement of Financial
Activities once the charity
has entitlement to the
funds, it is probable that
the income will be received
and the amount can be
measured reliably.
```

`Donations are recognised when the charity has been` notified in writing of both `the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully` met, or the fulfilment of `those condition is wholly within the control of the charity and is probable that those conditions` will be fulfilled in the `reporting period.` 

```
Donated professional
services and donated
facilities are recognised
as income when the
charitable company has
control over the item,
any conditions associated
with the donated item have
```

`been met, the receipt of` economic benefit from the `use by the charitable company of the item, is probable and the economic` benefit can be measured `reliably. In accordance with the charities SORP (FRS102), general volunteer time is not recognised.` 

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

```
work of the charitable
company but do not directly
undertake charitable
activities. These costs
have been allocated between
cost of raising funds
and expenditure on
charitable activities on
the following basis:
```

## **`EXPENDITURE`** 

`Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of` economic benefits will be `required in settlement and the amount of the obligation can be measured reliably.` 

## **`ALLOCATION OF SUPPORT`** 

## **`COSTS`** 

`Expenditure is accounted Raising Funds - 14% for on an accruals basis Charitable Activities - 86.0%` and has been classified `under headings that` 

```
aggregate all cost related
to the category. Where
costs cannot be directly
attributed to particular
headings they have been
allocated to activities on
a basis consistent with the
use of resources.
```

## **`TANGIBLE FIXED ASSETS`** 

```
Depreciation is provided at
the following annual rates
in order to write off each
asset over its estimated
useful life.
```

```
Improvements to property
```

```
Allocation of support costs - 10% on cost
Support costs are those Motor vehicles - 25%
functions that assist the on cost
```

```
34
```

```
35
```



## notes to the financial statements for the year ended 31 march 2025 

```
Items of equipment are
capitalised where the
purchase price exceeds
£500. Depreciation costs
are allocated to activities
according to the percentage
used for support costs.
```

## **`BIOLOGICAL ASSETS`** 

```
Biological assets are
valued at the lower of
cost and net realisable
value, after making due
allowance for obsolete and
slow moving items.
```

## **`TAXATION`** 

```
The charity is exempt from
corporation tax on its
charitable activities.
```

## **`FUND ACCOUNTING`** 

```
Unrestricted funds can be
used in accordance with the
charitable objectives at the
discretion of the trustees.
```

```
Restricted funds can only
be used for particular
```

```
restricted purposes
```

`within the objects of the charity. Restrictions` arise when specified by `the donor or when funds are raised for particular restricted purposes.` 

`Further explanation of the nature and purpose of each fund is included in` the notes to the financial `statements.` 

## **`PENSION COSTS AND OTHER`** 

## **`POST-RETIREMENT BENEFITS`** 

`The charitable company` operates a defined `contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.` 

`The charitable company` operates a defined `contribution pension scheme. The assets of` 

## `the scheme are held` 

`separately from those of the charitable company in an independently administered fund. Pension costs charged` in the financial `statements represent the contribution payable by the charitable company during the year.` 

## **`DONATED GOODS AND SERVICES`** 

```
Donated professional
services and donated
facilities are recognised
```

```
as income when the
```

`charitable company has control over the item, any conditions associated with the donated item have been met, the receipt of economic` benefit from the use by `the charitable company of the item, is probable` and the economic benefit `can be measured reliably. In accordance with the charities SORP (FRS102),` 

```
general volunteer time is
not recognised.
```

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

## **`DEBTORS`** 

Basic financial assets, `including trade and other debtors, are initially recognised at transaction price, unless the arrangement` constitutes a financing `transaction, where the transaction is measured at` 

```
the present value of the
future receipts discounted
at a market rate of
interest. Such assets are
subsequently carried
at amortised cost using
the effective interest
method, less any
impairment.
```

## **`CASH AND CASH EQUIVALENTS`** 

`Cash and cash equivalents are represented by cash in hand, deposits held at call` with financial institutions, `and other short-term highly liquid investments that mature in no more than` 

`three months from the date of acquisition and that are readily convertible to known amounts of cash with` insignificant risk of change `in value.` 

## **`CREDITORS`** 

Basic financial liabilities, `including trade and other creditors, loans from third parties and loans` 

`from related parties, are initially recognised at transaction price, unless the arrangement constitutes` a financing transaction, `where the debt instrument is measured at the present value of the suture payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.` 

## **`FINANCIAL INSTRUMENTS`** 

`The company only enters` into basic financial `instruments transactions that result in the` recognition of financial `assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.` 

```
36
```

```
37
```



## notes to the financial statements for the year ended 31 march 2025 

## 2. donations and legaCies 

|`Donations`<br>`Grants`<br>`Grants received, included in the above,`<br>`are as follows:`<br>`Grants less than £5,000`<br>Garfeld Weston<br>`Jack Petchey Foundation`<br>`Tower Hill Trust`<br>Wakefeld & Tetley Trust<br>`The National Lottery Community Fund`<br>`The Hornes’ Charity Fund`<br>`Groundwork London`<br>`The City Bridge Trust`<br>`Nuveen Community Grant`<br>`Water Conservation Trust`<br>`Big Ideas`<br>`Canary Wharf Group Young Farmers Programme`<br>`City University`<br>`Nineveh Trust`<br>`OVO Foundation`<br>`SEI Investments`<br>`Tower Hill Beautiful Shed`|**`31.3.25`**<br>**`£`**<br>**`136,213`**<br>**294,521**<br>`31.3.24`<br>`£`<br>`188,934`<br>`250,476`|
|---|---|
||**430,734**<br>`439,410`|
||**23,357**<br>**`20,000`**<br>**11,897**<br>**`18,360`**<br>**`-`**<br>**`60,821`**<br>**`5,000`**<br>**`8,906`**<br>**48,200**<br>**`-`**<br>**`-`**<br>**`-`**<br>**`-`**<br>**`-`**<br>**`-`**<br>**`-`**<br>**`5,000`**<br>**`-`**<br>`10,382`<br>`20,000`<br>`15,660`<br>`4,600`<br>`3,750`<br>`58,397`<br>`5,000`<br>`8,906`<br>`50,000`<br>`3,886`<br>`444`<br>`750`<br>`2,500`<br>`25,201`<br>`4,000`<br>`25,000`<br>`5,000`<br>`7,000`|



|`Access Reach Fund`<br>`Veolia Grant`<br>`Vintners (Young Farmers Programme)`<br>3. other trading activities<br>`Fundraising activities and Events`<br>4. investment inCome<br>`Deposit account interest`|**`31.3.25`**<br>**`£`**<br>**`12,980`**<br>**75,000**<br>**`5,000`**<br>**294,521**<br>`31.3.24`<br>`£`<br>`-`<br>`-`<br>`-`<br>`250,476`<br>**`31.3.25`**<br>**`£`**<br>**13,878**<br>`31.3.24`<br>`£`<br>`21,931`<br>**`31.3.25`**<br>**`£`**<br>**`6,181`**<br>`31.3.24`<br>`£`<br>`5,090`|
|---|---|



```
38
```

```
39
```



## notes to the financial statements for the year ended 31 march 2025 

## 5. inCome from Charitable activities 

|`Grants`<br>`Grants`<br>`Grants`<br>**Activity**<br>`Horticulture`<br>`Education`<br>`Team Challenges`<br>`Grants received, included in the above,`<br>`are as follows:`<br>`Sales`<br>`Contract Income`<br>`Mobile Farm Filming and Appearances`<br>`Team Challenges`|**`31.3.25`**<br>**`£`**<br>**`20,682`**<br>**`22,206`**<br>**97,657**<br>`31.3.24`<br>`£`<br>`19,234`<br>`31,761`<br>`24,025`|
|---|---|
||**140,545**<br>`75,020`|
||**22,755**<br>**`11,508`**<br>**`8,625`**<br>**97,657**<br>`20,363`<br>`20,522`<br>`10,110`<br>`24,025`|
||**140,545**<br>`75,020`|



## 6. raising funds 

|**Raising donations and legacies**<br>`Animal Welfare`<br>`Bedding & Feedstuff`<br>`Catering & Refreshments`<br>`Cleaning & Hygiene`<br>`Community & Fundraising`<br>`Cost of Product for sale`<br>**Other trading activities**<br>`Bad debts`<br>`Aggregate amounts`<br>7. Charitable activities Costs<br>`Charitable activity`<br>`Direct`<br>`costs`<br>`£`<br>**273,366**|**`31.3.25`**<br>**`£`**<br>**`5,655`**<br>**`5,830`**<br>**424**<br>**`3,608`**<br>**`2,111`**<br>**21,814**<br>`31.3.24`<br>`£`<br>`3,734`<br>`5,941`<br>`445`<br>`3,886`<br>`470`<br>`21,641`|
|---|---|
||**39,442**<br>`36,117`|
||**`-`**<br>`350`|
||**39,442**<br>`36,467`|
||`Support`<br>`costs (see`<br>`note 8)`<br>`£`<br>**`82,208`**<br>`Totals`<br>`£`<br>**355,574**|



```
40
```

```
41
```



## notes to the financial statements for the year ended 31 march 2025 

## 8. support Costs 

`Other Other Overhead Support Governance Finance costs costs costs Totals £ £ £ £ £ Charitable activity` **2,257 40,389 7,372 48,402 98,420** 

## 9. net inCome/(expenditure) 

`Net income/(expenditure) is stated after charging/(crediting):` **`31.3.25`** `31.3.24` **`£`** `£ Depreciation - owned assets` **7,373** `1,032 Independent Examiners’ Fees` **`2,600`** `2,200` 

## 10. trustees' remuneration and benefits 

## 11. staff costs 

|`Wages and salaries`<br>`Other pension costs`|**`31.3.25`**<br>**`£`**<br>**`331,162`**<br>**`6,153`**<br>`31.3.24`<br>`£`<br>`256,620`<br>`4,480`|
|---|---|
||**337,315**<br>`261,100`|



```
The average monthly number of employees during
the year was as follows:
```

|`The average monthly number of employees during`<br>`the year was as follows:`||
|---|---|
|`Full Time Equivalent`<br>`Average Head Count`|**`11`**<br>**17**<br>`9`<br>`16`|
||**`28`**<br>`25`|



```
No employees received emoluments in excess of
£60,000.
```

There were no trustees’ remuneration or other benefits for the year ended 31 March 2025 `nor for the year ended 31 March 2024.` 

## **`TRUSTEES' EXPENSES`** 

```
There were no  trustees’ expenses paid for the year ended 31 March 2025 nor for the
year ended 31 March 2024.
```

```
42
```

```
43
```



## notes to the financial statements for the year ended 31 march 2025 

## 12. Comparatives for the statement of financial activities 31.3.2024 

||`Unrestricted`|`Restricted`|`Total`|
|---|---|---|---|
||`fund`|`fund`|`funds`|
||`£`|`£`|`£`|
|**`INCOME AND ENDOWMENTS FROM`**||||
|`Donations and legacies`|`199,317`|`240,093`|`439,410`|
|**Charitable activities**||||
|`Horticulture`|`19,234`|`-`|`19,234`|
|`Education`|`30,428`|`1,333`|`31,761`|
|`Team Challenges`|`24,025`|`-`|`24,025`|
|`Other trading activities`|`21,931`|`-`|`21,931`|
|`Investment income`|`5,090`|`-`|`5,090`|
|**`Total`**|`300,025`|`241,426`|`541,451`|
|**`EXPENDITURE ON`**||||
|`Raising funds`|`23,182`|`13,285`|`36,467`|
|**Charitable activities**||||
|`Charitable activity`|`127,258`|`228,316`|`355,574`|
|**`Total`**|`150,440`|`241,601`|`392,041`|
|**`NET INCOME/(EXPENDITURE)`**|`149,585`|`(175)`|`149,410`|
|**Transfers between funds**|`51,595`|`(51,595)`|`-`|
|**Net movement in funds**|`201,180`|`(51,770)`|`149,410`|



```
UnrestrictedRestrictedTotal
fundfund funds
£££
146,751152,136298,887
347,931100,366448,297
```

## **`RECONCILIATION OF FUNDS`** 

```
Total funds brought forward
```

## **`TOTAL FUNDS CARRIED FORWARD`** 

## 13. key management personnel 

`The Key Management Personnel comprise of the Board of Trustees and the Chief Executive` Officer. Total remuneration paid to the key management personnel during the year was `£41,433 (2024: £39,595).` 

```
44
```

```
45
```



## notes to the financial statements for the year ended 31 march 2025 

## 14. tangible fixed assets 

|**`COST`**<br>`At 1 April 2024`<br>`Additions`<br>`At 31 March 2024`<br>**`DEPRECIATION`**<br>`At 1 April 2024`<br>`Charge for year`<br>`At 31 March 2025`<br>**NET BOOK VALUE**<br>`At 31 March 2025`<br>`At 31 March 2024`<br>`Improvements`<br>`to property`<br>`£`<br>**`358,682`**<br>**57,351**<br>**416,033**<br>**`331,028`**<br>**`5,062`**<br>**`336,090`**<br>**79,943**<br>`27,654`|`Fixtures`<br>`and`<br>fttings<br>`£`<br>**37,522**<br>**`-`**<br>`Motor`<br>`vehicles`<br>`£`<br>**`-`**<br>**`18,588`**<br>`Totals`<br>`£`<br>**396,204**<br>**75,939**|
|---|---|
||**37,522**<br>**`18,588`**<br>**472,143**|
||**35,057**<br>**762**<br>**`-`**<br>**1,549**<br>**`366,085`**<br>**7,373**|
||**`35,819`**<br>**1,549**<br>**373,458**|
||**1,703**<br>**17,039**<br>**`98,685`**|
||`2,465`<br>`-`<br>`30,119`|



## 16. debtors: amounts falling due within one year 

|`Trade debtors`<br>`Prepayments`<br>17. Creditors: amounts falling due within one year<br>`Trade creditors`<br>`Social security and other taxes`<br>`Other creditors`<br>`Deferred income`<br>`Accrued expenses`|**`31.3.25`**<br>**`£`**<br>**`13,035`**<br>**76,293**<br>`31.3.24`<br>`£`<br>`23,873`<br>`1,249`|
|---|---|
||**`89,328`**<br>`25,122`<br>**`31.3.25`**<br>**`£`**<br>**`5,922`**<br>**5,786**<br>**`-`**<br>**35,715**<br>**7,419**<br>`31.3.24`<br>`£`<br>`5,305`<br>`4,798`<br>`783`<br>`34,025`<br>`3,990`|
||**54,842**<br>`48,901`|



## 15. biological assets 

```
Farmyard animals
```

```
31.3.2531.3.24
££
6,0855,900
```

```
46
```

```
47
```



## notes to the financial statements for the year ended 31 march 2025 

## 18. analysis of net assets between funds 

```
31.3.25
```

```
31.3.24
```

|||**`31.3.25`**<br>`31.3.24`|
|---|---|---|
|`Fixed assets`<br>`Current assets`<br>`Current liabilities`<br>**Analysis of Restricted Funds carried**<br>**forward as at 31st March 2025**<br>`Education`<br>`Volunteering`<br>`Farm`<br>`Gardening`<br>`Central Costs`<br>`Site Improvement`|`Unrestricted`<br>`fund`<br>`£`<br>**`98,685`**<br>**345,342**<br>**(54,842)**|`Restricted`<br>`fund`<br>`£`<br>**`-`**<br>**`165,600`**<br>**`-`**<br>**`Total`**<br>**funds**<br>**`£`**<br>**`98,685`**<br>**510,942**<br>**(54,842)**<br>`Total`<br>`funds`<br>`£`<br>`30,119`<br>`467,079`<br>`(48,901)`|
||**`389,185`**|**`165,600`**<br>**554,785**<br>`448,297`|
|||**`31.3.25`**<br>**`£`**<br>**20,284**<br>**32,755**<br>**17,216**<br>**`960`**<br>**`5,355`**<br>**`89,030`**<br>**`165,600`**<br>`31.3.24`<br>`£`<br>`45,709`<br>`17,410`<br>`21,524`<br>`-`<br>`-`<br>`-`<br>`100,366`|



**Analysis of Restricted Funds carried forward as at 31st March 2025** 

## **`EDUCATION`** 

## **`FARM`** 

## **`CENTRAL COSTS`** 

`Grants towards the purpose of education with local schools, the employment of an Education Intern to support the delivery of services` specifically for young people. 

```
These are grants towards
maintenance of farm and Grants towards the salary
towards provision of animal of the Chief Executive and
daily care such as feeds, for support to develop a
bedding and veterinary fundraising strategy.
care. These grants also
contributed towards SITE IMPROVEMENT
associated labour costs.
```

## **`VOLUNTEERING`** 

```
Funds towards the upkeep
and maintenance of the Farm
site. Including renovation
of The Beautiful Shed and
installation of two new
glasshouses.
```

```
Grants towards the salary
of a designated Volunteer
Manager, to help support
the development of our
volunteer services.
```

## **`GARDENING`** 

```
Grants towards improving
the layout of the Farm’s
growing spaces.
```

## 19. movement in funds 

`Net At movement At 1/4/24 in funds 31/3/25 £ £ £` **Unrestricted funds 347,931 41,254** **`389,185`** `General fund` **Restricted funds** `Restricted` **`100,366` 65,234** **`165,600` Total funds 448,297 106,488 554,785** 

```
48
```

```
49
```



## notes to the financial statements for the year ended 31 march 2025 

## 19. movement in funds continued 

```
Net movement in funds, included on
p49, are as follows:
```

|**Unrestricted funds**<br>`General fund`<br>**Restricted funds**<br>`Restricted`<br>**Total funds**|`Incoming`<br>`resources`<br>`£`<br>**307,674**<br>**283,664**<br>`Resources`<br>`expended`<br>`£`<br>**(266,420)**<br>**(218,430)**<br>`Movement`<br>`in funds`<br>`£`<br>**41,254**<br>**65,234**|
|---|---|
||**`591,338`**<br>**(484,850)**<br>**106,488**|



```
Comparative net movement in funds,
included on p50 are as follows:
```

|**Unrestricted funds**<br>`General fund`<br>**Restricted funds**<br>`Restricted`<br>**Total funds**|`Incoming`<br>`resources`<br>`£`<br>**`300,025`**<br>**241,426**<br>`Resources`<br>`expended`<br>`£`<br>**(150,440)**<br>**(241,601)**<br>`Movement`<br>`in funds`<br>`£`<br>**149,585**<br>**(175)**|
|---|---|
||**541,451**<br>**(392,041)**<br>**149,410**|



## **Comparatives for movement in funds** 

## 20. related party disclosures 

`Net Transfers At movement between At 1/4/23 in funds funds 31/3/24 £ £ £ £` **Unrestricted funds** `General fund` **146,751 149,585** **`51,595` 347,931 Restricted funds** `Restricted` **`152,136` (175)** **`(51,595) 100,366` Total funds 298,887 149,410** **`-` 448,297** 

```
There were no related party transactions for the year ended 31 March 2024.
```

```
50
```

```
51
```



## detailed statement of financial activities for the year ended 31 march 2025 

|**`INCOME AND ENDOWMENTS`**<br>**Donations and legacies**<br>`Donations`<br>`Grants`<br>**Other trading activities**<br>`Fundraising activities and events`<br>**Investment income**<br>`Deposit account interest`<br>**Charitable activities**<br>`Grants`<br>**Total incoming resources**|**`31.3.25`**<br>**`£`**<br>**`136,213`**<br>**294,521**<br>**430,734**<br>**13,878**<br>**`6,181`**<br>**140,545**<br>**`591,338`**<br>`31.3.24`<br>`£`<br>`188,934`<br>`250,476`<br>`439,410`<br>`21,931`<br>`5,090`<br>`75,020`<br>`541,451`|
|---|---|



|**`EXPENDITURE`**<br>**Raising donations and legacies**<br>`Animal welfare`<br>`Bedding & feedstuff`<br>`Catering & refreshments`<br>`Cleaning & hygiene`<br>`Community & fundraising`<br>`Cost of product for sale`<br>**Other trading activities**<br>`Bad debts`<br>**Charitable activities**<br>`Wages`<br>`Pensions`<br>`Rates and water`<br>`Insurance`|**`31.3.25`**<br>**`£`**<br>**`5,655`**<br>**`5,830`**<br>**424**<br>**`3,608`**<br>**`2,111`**<br>**21,814**<br>`31.3.24`<br>`£`<br>`3,734`<br>`5,941`<br>`445`<br>`3,886`<br>`470`<br>`21,641`|
|---|---|
||**39,442**<br>**`-`**<br>**`331,162`**<br>**`6,153`**<br>**`6,621`**<br>**`3,052`**<br>`36,117`<br>`350`<br>`256,620`<br>`4,480`<br>`5,100`<br>`7,166`|
||**346,988**<br>`273,366`|



_This page does not form part of the statutory financial statements_ 

_This page does not form part of the statutory financial statements_ 

```
52
```

```
53
```



## detailed statement of financial activities for the year ended 31 march 2025 

||**`31.3.25`**|`31.3.24`|
|---|---|---|
||**`£`**|`£`|
|`ssional Workers`|||
|**`PPORT COSTS`**|||
|**Finance**|||
|`Bank charges`|**2,257**|`2,726`|
|**Other Overhead Costs**|||
|`Rates and water`|**4,492**|`126`|
|`Light and heat`|**`6,968`**|`4,993`|
|`Telephone`|**`1,051`**|`926`|
|`Postage and stationery`|**2,701**|`3,300`|
|`Repairs and renewals`|**`18,123`**|`23,307`|
|`Sundries`|**`-`**|`1,593`|
|`IT Software & Consumables`|**1,134**|`101`|
|`Mobile Farm Costs`|**`16`**|`-`|
|`Subscriptions & Publications`|**5,904**|`4,296`|



## `Sessional Workers` 

## **`SUPPORT COSTS`** 

|**`Other Support Costs`**<br>`Depreciation of tangible`<br>fxed assets<br>**Governance costs**<br>`Other Professional Costs`<br>`Independent Examiners Fees`<br>`Consultancy`<br>`Total resources expended`<br>**Net income**|**`31.3.25`**<br>**`£`**<br>**7,372**<br>**14,363**<br>**`2,600`**<br>**31,439**<br>`31.3.24`<br>`£`<br>`1,032`<br>`11,779`<br>`2,840`<br>`25,189`|
|---|---|
||**48,402**<br>`39,808`|
||**484,850**<br>`392,041`|
||**106,488**<br>`149,410`|



_This page does not form part of the statutory financial statements_ 

_This page does not form part of the statutory financial statements_ 

```
54
```

```
55
```