REGISTERED NUMBER: 01509788 (England and Wales)
MEANWOOD VALLEY URBAN FARM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

MEANWOOD VALLEY URBAN FARM LIMITED
INDEX TO THE FINANCIAL STATEMENTS
Page
Company Inforniation
Report of the Management CommitteeDirectors
Independent Examiners Report to the Members
Statement of Financial Activities
Balance Sheet
12
Notes to the Financial Statements
Income and Expenditure Account
24-25
Management Infonnation
26

MEANWOOD VALLEY URBAN FARM LIMITED
COMPANY INFORMATION
PRESIDENT:
R E Collins MBE
MANAGEMENT COMMITTEEI
DIRECTORS:
P Ackroyd
E M Ainge
H J Bateman- Joint Chair
N Carlton
C G Follin- Joint Chair
R A Jeffcoat
D Meeson - Treasurer
REGISTERED OFFICE:
Sugarwell Road
Leeds
LS7 2QG
BANKERS:
Virgin Money
Leeds City Branch
94-96 Briggate
Leeds
LSI 6NP
Page I

MEANWOOD VALLEY URBAN FARM LIMITED
COMPANY INFORMATION
(continued)
COMPANY REGISTERED NUMBER .
01509788
CHARITY REGISTRATION NUMBER .
510452
INDEPENDEiYf EXAMINER .
Andrew Wilkinson FCA
Malcolm Jones & Co Limited
Accountants & Business Advisors
West Hill House
Allerton Hill
Chapel Allerton
Leeds
LS7 3QB
STAFFING .
FULL TIME
CHIEF EXECUTIVE OFFICER
A Ogilvie
HEAD OF LEARNING AND HOOF
E Cooke
LIVESTOCKJSMALL ANIMALS MANAGER A Sharp
SHOPIRECEvfioN
D Brown
NIGHT SECURITY
A Younger
PART TIME
BOOKKEEPERIADMINrrRAINER
ADMINICOIVIMUNICATION
COMMUNITY GROWERS
S Brown
R Akers
B Lawson / A Graham l J
Harris
E Forsterl C Bell / E Brown I
M Clayton
A Larner / D Hague
D Kershaw
LEARNING DISABILITY SUPPORT
LIVESTOCKASSISTANTS
SHOPIRECEPTION
Page 2

MEANWOOD VALLEY URBAN FARM LIMITED
REPORT OF THE MANAGEMENT COMMITTEEIDIRECTORS
The trustees are pleased to present their amual directors, report together with the financial
statements of the charity for the year ending 31 March 2024 which are also prepared to rneet the
requirements for a directors, report and accounts for Companies Act purposes.
STATEMENT OF THE JOINT CHAIRS
The charity has seen another busy year with lots of different activities taking place and lots of work
carried out to ensure we continue to do all we can to achieve ow charitable objectives.
We have attracted many members of the general public to the Fann once again as we open as a
visitor attraction 362 days of the year enabling people to enjoy our facilities and outdoor spaces.
We are very proud of the work we are doing to assist our group of around 30 adults with learning
disabilities as part of our HOOF (Helping Out on The Farm) programme up to five days a week.
The HOOF group are getting involved with caring for our farm animals and small animals, helping
with food growing on theiT own raised beds, helping to maintain the site, and looking after our bird
feeding areas.
Our school projects Temain popular with primary schools from across Leeds and beyond who come
to the Farm for a day or half day project linked to the national eurriculum around five subjects-
Sustainability, Composting, Rocks and Soils, Discovering Habitats and Horrible Histories as well
as our very popular Apple Days where chil(Iren getting involved with juicing some of our home-
grown apples.
Our market gaTden staff and volunteers have once again been working hard to grow and harvest
delicious chemical free vegetable5 and fruit on our l-acre market garden. Most of the produce from
the market garden reaches local peopLe via our Community Supported AgricultUTe veg box scheme.
as well as being sold into Leeds based cafes and restaurants, in the Barn Cafe at the Fam and
surplus produce goes to the Rainbow Junktion community cafe in Headtngley who turn it into
healthy nutritious meals for anyone on a pay as you feel basis.
We have continued to run our regular Management Committee meetings thToughout this year.
including the subcomrnittee structure that helps to give extra ov¢rsight and governance of the
OTganisation.
The Management Committee continues to monitor and caTry Out actions to ensure the good
fmancial rnanagernent of the orgaDisation. This has included continuing the approach that requires
the organisation to do all it can to finish ea¢h financial year with a surplus thaL in the first instance
can be used to replenish our reserves.
We have a risk register in place which the management COTnmittee and sub Committees are
overseeing on a Tegular basis.
Trustees and staff have been looking at refreshing our vison, mission. values and are in the process
of developtng a masterylan for the next stage of the charity's journey.
We are grateful to all the trustees for theiT hard WOTk and dedication once again this year.
We would also like to thank all staff, volunteers, service useTS, ￿nderS and partners who have
contributed in so many ways to keeping the charity going this year.
Cath Follin and Helen Bateman, Cfrchairs
Page 3

MEANWOOD VALLEY URBAN FARM LIMITED
REPORT OF THE MANAGEMENT COMMITTEEIDIRECTORS
CHIEF EXEcufIvE'S REVIEW
I would like to thank everyone who has helped us through another year here at the Fam] including
the staff team, our tn￿tees. volunteers, HOOF team, Fam] members. supporters and fijnders.
The Farni has been a hive of activity over this 12-month perTod with all our projects being busy
once again such as our HOOF programme for adults with learning disabilities. OUT work with the
many schools who have enjoyed visiting the Fann foT a day to work with our education team on a
different part of the national curriculum. We are also happy to host OUT local school, Carr Manor
Cornmunity School, who use the fann on a weekly basis for curriculum enrichment with their
pupils.
We have had a varied range of activities and events taking place at the Fann including our Summer
Fair and Christmas Market, which we have trialled ruTLning on a pay as you feel basis so as to be
accessible to as many people as possible. OUT on-site businesses, in addition to bringing rental
incorne to the charity, are bringing new audiences to the farm. These include basket weaving
WOTkshops, pottery workshops, fllst aid training and woodworking opportunities. OUT two
pern]anent forest schools operating at the fami have for another year provided solace and fun to
parents and toddlers alike- thank you Sarah and Rebecca for providing these opportunities for so
many people. We hold weekly baby yoga classes and sing and sign classes at the Fann and pop-up
events such as Northern Opera GTOUP holding a mini opera under our barn and dance classes taking
place outside in OUT coppice areas. The "men in shed's" style project based at the Farni aimed at
Teaching out to socially isolated men in the area Tun by local Meanwood charity, Interact, has seen
a number of men get involved in making wooden products for sale at the same time as developing
friendship between the group.
The Fartn regularly engages in local and city-wide initiatives including the Meanwood InteTagency
Meeting and My Meanwood, Feed Leeds. the Leeds Green Activity Providers Forum, Leeds Parks
and Green Spaces Forum.
I would like to say a very big thank you to our staff team for their hard work. energy, ideas and
enthusiasm once again this year, without which w¢ would not be able to progress and do the
amazing work we do.
A big that]k you to the Bam Cafe located at the Farni who offer delicious food and coffee/tea and
continue to be a popular destination for many people.
We are lucky to have a group of very committed volunteers who help us to maintain our site and I
would like to thank them for all their hard work and dedication. We very much appreciate it.
And thank you to all of our Farni Mernbers, including those who kindly renew each yeaT. for their
ongoing support and financial Contribution. which is very much appreciated by the Charity.
The Fami's trusfres give very many hours of support to the charity throughout the year, in different
ways. all of which adds great value. I very much appreciate this support and for all the guidance
and advice that they give in meetings, sub committees and in person.
Finally thank you to everyone who has supported us this year includintr the following funders .
LIVESTOCK & EQUIPMENT
2023124
5.000.00 Wades
Page 4

MEANWOOD VALLEY URBAN FARM LIMITED
REPORT OF THE MANAGEMENT COMMITTEEIDIRECTORS
LOWER COURTYARD IMPROVEMENTS
2023124
1,000.00 Margaret Swan
HORTICULTURE MG
2023124
2.500.00 Nineveh Trust
1,000.00 HDH Wills
1,500.00 SMB Trust
5,000.00 Sovereign Health
5.000.00 Finnis Scott
5,000.00 Haramead Trust
5.000.00 Southall Trust
PLAYSCHEME
202J124
4.574.00 Inner North East
GRA]￿S/DoNATIONs
2023124
6,500.00 Garfield Weston Foundation
i25.00 Charles Brotherton Trust
2.000.00 Sir GeoTge Martin Trust
3,996.80 Estate of Barry Turner
1,000.00 G Maud Rushbond PLC
200.00 Mice Money
414.00 Harriers
5,000.00 Harrison Potter
SUPPORT RECEIVED FROM .
Leeds City Council
THANK YOU ALL FOR YOUR AMAZING SUPPORT
Adam Ogilvie, Chief Executive
STRUCTURE, GOVERNANCE AIYD MANAGEMENT
GOVERNING DOCUMENT
The concept of developing a city fam] in Meanwood, Leeds was the inspiration of community
workers in 1979 and coincided with the establishment of the City fann movement nationally. This
enthusiastic and detennined group brought togetheT volunteers to progress this vision. Land was
leased from Leeds City Council and the Meanwood Valley Urban Farni opened on the l April
1980.
Page 5

MEANWOOD VALLEY URBAN FARM LIMITED
REPORT OF THE MANAGEMENT COMMITTEEIDIRECTORS
The organisation was incorporated as a company limited by guarantee and not having a share
capital {Company registration 1509788) on the 29 July 1980 and registered as a charity (charity No.
510452) on 18 September 1980. In the event of the company being wound up members are
required to contribute an arnount not exceeding £ l.
The charitable company was established under a Memorandum of Association which established its
objects and poweis and is governed under its Articles of Association.
The Fann holds an aoreement for a Fann Business Tenancy (fIxed tem]) with Leeds City Council
for a terni of 50 years from the I l April 1997. The 24-acre site is located 2 miles north of the centre
of Leeds.
THE MANAGEMENT COMITTEE AND ORGANISATIONAL STRUCTURE
The directors of the company are also charity trustees for purposes of charity law and under the
company's Articles are known as members of the Management Committee. Under these Articles.
Members of the Management Committee are elected annually at the Annual GeneTal Meeting from
aTnongst the FaTm's membership. The Articles provide for there to be up to 10 mernbeTS on the
Management Committee. of which 4 are designated as office holders. During the year, the
Management Committee does have the right to COwOPt additional persons on to the Board to fill
vacancies, plus up to t￿ee persons to provide special expertise.
The Management Committee keep under review its skill mix, with the Current committee having a
broad range of professional, business, and educational skills and experiences. Most Trustees have
been involved with the Fann prior to being elected onto the Management Committee and new
COTnmittee metnbers are given an induction to the Farn] by the Chair and the Chief Executive as
well as being PTovided with inforn]ation as to the role and responsibilities of charity trustees. All
Trustees give their time freely and no trustee remuneration was paid in the year.
The Management Committee meets on a regular basis and is responsible for strategic policy setting
and decision-making including reviewing and monitoring the activities of the Fann. The WOTk of
the Management Committee is also supported by three sub committees which allows for a more in
depth review of a number of key areas in the running of the Farn]. Day to day operational
management is delegated to the Chief Executive who in 1xm) is supported by a senior managernent
team.
During 202312024 the Farm was a member of the city farn] network known as Social Fanns and
Gardens.
The Directors who have held office during the whole of the period from l April 2023 to the date of
this report are as follows:
P Ackroyd
E M Ainge
H J Bateman
N Carlton
C G Follin
R A Jeffcoat
D Meeson
U J Slaughter- resigned 27 November 2023
Page 6

MEANWOOD VALLEY URBAN FARM LIMITED
REPORT OF THE MANAGEMENT COMMITTEEIDIRECTORS
Related Parties
For a llumber of years, the Farn] has had a close relationship with Leeds City Council. In addition,
to being the Farn]'s landloTd, the City Council also provides significant funding by way of grants
and contracts for providing services to the community. One of the Farn]'s trustees is employed by
Leeds City Council, anotheT runs a company that provides f￿st aid training to the Fami.
OBJECTIVES AND ACTIVITIES FOR PUBLIC BENEFIT
The Faml's objects and principal activities are..
Leisure and recreation
promoting the benefit and well-being of all persons in the
locality by providing a leisure and recreational facility.
Education and training - advancing general environmental education and awareness and
the PTovision of education and training for persons so as to prepare them foT any trade, occupation.
or service.
The Trustees conf]rni that they have complied with the duty in section 17(5) of the 201 I Charities
Act to have due regard to guidance published by the Charity Commission relating to public benefit
when reviewing the Charity's aims and objectives and in planning future activities. The Farni
mainly relies upon grants and incorne from educational and training activities. but does also
generate some income from admission charges, events, TOOM hire, cafe, agricultural sales. and fam
shop. In setting the level of fees chaTges and concessions, the Trustees give care￿] consideration to
the accessibility of the Farm to those on low income.
The Fann's strategy is to deliver its objectives by..
Ensuring that school children and city dwellers have access to a rural experience.
Developing environmental initiatives and interpretation.
Consolidating existing and developing new partnerships to deliver quality learning
experiences to socially excluded groups.
Providing an enviTonment where our people can achieve their potential and so enhance our
comTnunities.
Focusing on quality as seen by our Customers and delivering a consistent and safe service.
Our values are
Being proactive in developing services to the community to addTess social exclusion.
Acting with trnst and integrity.
Valuing our people, using their creativity to innovate and bring about continual
improvelnent.
Behaving with clarity, trust, and openness, encouraging participation, and giving support
when needed.
Positively addressing social excLusion and ernpowering individuals to achieve their
potential.
The Fann is committed to the safeguarding of children and vulnerable adults who attend the Farm
as either customers who participate on our various training programmes or visitors and has
developed appropriate policies and procedures accordingly.
Page 7

MEANWOOD VALLEY URBAN FARM LIMITED
REPORT OF THE MANAGEMENT COMMITTEEIDIRECTORS
FINANCIAL RE￿Ew
The Farni during 202312024 made an unrestricted surplus of £25.534 (202212023 deficit of
£22,030). At 31 March 2024, the Fann's unrestricted reserves stood at £97.847 (20221202J was
£72,313).
The Faml's main sources of incorne continue to be public bodies, including Leeds City Council,
although income from other sources is becoming increasingly more important. Most of the Farn)'s
income and expenditUTe is in support of its two main charitable activities as summarised below .'
2024 Unrestricted
Ipcome
Expenditure
Transfer
Surplusl
(Deficit)
Leisure & Recreation
84,693
(125,576)
(40,883)
Education & Training
211,199
(268,438)
(57,239)
All other activities
177,560
(5),904)
123,656
TOTAL
473,452
(447,918)
25,534
The Farni during the year has seen a welcome retum to surplus. The Management Committee in
setting the 202312024 budget had to make several difficult decisions whilst at the sarne time setting
ambitious targets to expand a number of our activities, but these have provided an opportunity to
replenish the Fam's reseTves and to provide a greater degree of financial resilience moving
fonvard.
Income overall in 202312024 was up by £90,8 l2 in comparison to 202212023, whilst expenditure
was up by just £43,248 compared to the previous year, resulting in an overall surplu5. ITJcome from
Education and Training was up by £70,678, and income from admissions was a150 up by £5,540.
lllcome from all other activities was up by £14.594. This includes a donation frorn the recently
established MVUF Enterprises Limited, which previously would have been shown as income from
the market garden, and which ha5 also resulted in a reduction in the cost of Livestock and Produce.
Shop sales were up by £2.128 which helped to generate a shop surplus of £1,840. The overall
increase in expenditure is more than accounted for by the increase in staffing costs of £58,658.
Stationery and computer costs were up by £3,054 whilst the cost of insurance was up by £2,581 in
comparison to previous year. Utility ¢OSts were also up by £5,118. These increases were partly
offset by a reduction of £14236 in maintenance costs.
The restricted funds consist of capital and income funds and are summari5ed below:
2024 Restri¢t¢d
Ba12nee
1.4.23
Income
Expenditure
Transfer
Balance
31.3.24
Capital Funds
473,763
(22,924)
450.839
Income Funds
22.661
48,692
(56.570)
14,783
TOTAL
496,424
48,692
{79,494}
465,622
The capital restricted funds represent capital grants and contributions that the Farm has received to
finance the acquisition and enhancetnent of fixed assets which are subject to depreciation. As such
the balance on these accounts represents the extent to which these capital grants and contributions
have not been written back.
The income Testricted funds Tepresent income that the Farm has received which is eamiarked for
specific projects. The balance as at 31 March 2024 represents unexpended Tes0￿CeS that are
earniarked to fund future expenditure on the project.
Page 8

MEANWOOD VALLEY URBAN FARM LIMITED
REPORT OF THE MANAGEMENT COMMrrTEEtDIRECTORS
(continued)
RESERVES POLICY
The Farni's free reserves at the 31 March 2024 stood at £83,104 (202212023 was £55,053). The
Management Committee have reviewed its previously established reserves policy and have
detern]ined that the level of reserves should now be in the order of £120.000. At this level, the
Management Committee feel that they would be able to continue the current activities of the Fann
for a period of time in the event of a significant drop in funding, whilst considering how funding
would be replaced or activities changed, or alternatively to allow for an orderlv closure.
The Management Committee is aware that free reserves as of 31 March 2024 are below the level
set by its reserves policy. In accordance with its reserves policy, the Management Committee
continue to take a variety of actions to control spending and to generate additional funding and
remain confident in the Fann's financial viabilitv.
STATEMEwf OF RESPONSIBILrfIES OF THE MANAGEMENT COMMfKTEE/
DIRECTORS
The charity t￿￿teesI￿anageMent committee (who are also the directOTS for the purposes of
company law) are responsible for preparing a trustees, annual report and financial statements in
accordance with applicable law and regulations and in accordance with United Kingdom Generally
Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each year. Under company
law, the trustees must not approve the f1nancial statements unless they are satisfied that they give a
true and fair view of the state of affairs of the charitable company and of its incoming resources
and application of resources, including the income and expenditure for the financial year. In
preparing the financial statements, the trustees are required to:
select suitable accounting polTcies and trien apply inem consistenuy. -
make judoements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements"
prepare the financial statements on a going concern basis unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting Tecords that are sufficient to show and
explain the company's trattsactions and disclose with reasonable accuracy at any time the financial
position of the company and that enable them to ensure that the financial statements complv with
the Companies Act 20.06. They are also responsible for safeguarding the assets of the company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies.
Bv Order of the Management CommitteelDirectors
Director
Dated . 18 November 2024
Page 9

MEANWOOD VALLEY URBAN FARM LIMITED
INDEPENDENT EXAMINERS, REPORT TO THE MEMBERS OF
MEAIYWOOD VALLEY URBAN FARM LIMITED
I report on the accounts of Meanwood Valley Urban Fann Limited for the year ended 31
March 2024 which are set out on pages I I to 23.
Respective Responsibilities of Trustees and Examiner
The trustees (who are also directors of the company for the purpose of company law) are
responsible for the PTeparation of the accounts. The charity's trustees consider that an audit is
not requÈred for this year under section 144 of the Charities Act 201 l or under part 16 of the
Companies Act 2006 and that an independent examination is needed. The charity is required
by law to prepare accrued accounts and I am qualified to undertake the examination by being a
member of The Association of Chartered Certified Accountants.
Having been satisfied that the charity is not subject to audit under company law and is eligible
for independent examination, it is my responsibility to-
examine the accounts under section 145 of the 2011 Act.
to follow the procedures laid down in the General Directions given by the Charity
Commission under section 145(5) of the 2011 Act. and
to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with the General Directions given by the
Charity Commission. An examination includes a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts, and the seeking of
explanations from you as trustees concerning any such matters. The procedures undertaken do
not provide all the evidence that would be required in an audit, and consequently no opinion is
given as to whether the accounts present a 'true and fair view,, and the report is limited to
those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
(l) which gives me reasonable caus¢ to believe that in any material respect the
requirernents-
to keep records in accordance with s386 of the Companies Act 2006. and
to prepare accounts which accord with the accounting records and to cornply with
the accounting requirements of the Compani¢s Act 2006 and also to prepare
accounts in accordance with the Charities SORP (FRS 102) and with the methods
and principles set out in Charities SORP (FRS 102) have not been met. or
(2) to which. in my opinion. attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Andrew Wilkinson FCA
Independent Examiner
West Hill House
Allerton Hill
Chapel Allerton
Leeds LS7 3QB
Dated . 18 November 2024
Pag¢ 10

MEANWOOD VALLEY URBAN FARM LIMITED
STATEMENT OF FINANCIAL ACTtVITIES
(including Statement of Comprehensive Income)
for the Year Ended 31 March 2024
Notes
2024
2024
Unrestricted Restricted
Funds
Funds
2024
Total
2023
Total
Incoming resources
Income resources from generated funds
Grants, donations, and legacies
Activities for generating funds
Incoming resources from charitable
activities
Interest received on investments
80,440
92.597
48,692
129.132
92,597
127,920
130,643
295,892
4,523
295,892
4.523
219,674
1,489
Total incoming resources
473,452
48,692
522,144
479,726
Resources expended
Costs of generating funds
Costs of charitable activities
GoveTnance costs
20,344
394,014
33,560
5,177
74,317
25,521
468,331
33.560
50,723
445,920
10
Total resources expended
447.918
79,494
527,412
523,028
Movement in funds for the year
Net Ancorne before transfers
25.534
(30.802)
(i,268) (43,302)
Transfers
Net movement in funds for the year
25,534
(30,802)
(5,268) (4J,302)
Other comprehensive income
Total comprehensive income for the year
25,534
(30,802)
(5.268) (43.302)
Reconciliation of Funds
Total funds brought forward
72,313
496,424
568,737
612,039
Total funds carried fonvard
97,847
465,622
563,469
568.737
All the above results are derived from continuing activities and there have been no acquisitions duTing the
year.
The notes forn] part of these financial statements.
Pagell

MEANWOOD VALLEY URBAN FAIIM LIfvUTED (Registered number 01509788)
BALANCE SHEET At 31 March 2024
Notes
Total
2024
Total
2023
FIXED ASSETS
Tangible assets
Investments
12
13
465,482
100
491,023
465 582
491023
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
Prepaymepts and other debtors
14
15
7,828
9,340
77,921
2,979
30,693
69,646
4,982
113,639
CREDITORS Amounts fallin-
due wÈthin one year
98,068
16
15,752
20,354
ET CURRENf ASSETS
TOTAL ASSETS I￿Ss CURRENr
LIABILTfIES
563.469
568.737
Unrestrictcd funds
Restricted funds
18119
17/19
97.847
465,622
72,313
496,4?4
568 737
For the financial year ￿ded 31 March 2024 the company was entitled to exemptlOD from audit under
section 477 of the Companies Act 2006 relatÈng to small companÈes. No members have required th¢
ompany to obtain an audit of its accounts for the year ended 31 March 2024 in accordance with section
476 of the Companies Act 2006.
The directors acknowledoe their Tesponsibility for complyino with the requirements of the Act with
respect to accounting records and for th¢ prepa￿lon of accounts.
These financial statements have beerA prepared in accordance with the provisions applicable to co￿PanicS
subject to th¢ small companies, regime and constitute the annual accounts required by the Companies
Act 2006 and 2Te for circularisation to mcmbets of the company.
OIN BEIIALF OF THE BOARD:
D Meeson - Treasurer
Approved by the Management Committee on 18 November 2024
These notes forni part of these financial statements
Page 12

MEANWOOD VALLEY URBAN FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ellded 31 Marcb 2024
COMPANY INFORMATION
Meanwood Valley Urban FaTm Ltd is a charitable company, limited by guarantee, registered in
England and Wales. The company's registered number and registered office address can be
found on the Company Information pages.
ACCOUNTING POLICIES
Basis of Preparation
The financial statements have been prepared in accordan¢¢ with Accounting and Reporting by
Charities= Staternent 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), the Charities SORP (FRS 102), the Companies Act 2006 and the Charities Act 2011.
The company meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless othe￿19e stated in the
relevant accounting policy note(s).
Preparation of the accounts on a going concern basis
The trustees consider there are no material uncertainties about the company's ability to continue
as a going concern as described in the Reserves Policy section.
Incoming resources
Income is recognised in the period in which the charity is entitled to receipt and the amount can
be me&sured with Teasonable certainty. Income is defe￿ed only when the charity has to fulfil
conditions before becoming entitled to it or where the donor has specified that the income is to
be expended in a fiJture period.
Grants receivable for revenue eipenditure
Grants from the local government and other agencies have been included as income from
activities in furtherance of the charity's objectives where these amount to a contract for services.
Donations receivable for capital expenditure
Donations and gifts are recognised in the Statement of Financial Activities when the conditions
for receipt have been complied with.
Activities to generate funds
Activities to geneTate funds are accounted for when the conditions for their receipt have been
rnet.
Investment ineome
Investment income is accounted for when receivable.
Resources expended and basis of allocation of costs
Expenditure is included when incurred and includes attributable VAT which cannot be
recovered.
Expenditure on opeTational PTogrammes is recognised in the per20d in which it is tncurred. A
designated fund is established for expenditure which has been cornmitted to projects but remains
unspent at the year end.
The majority of costs are directly attributable to specific activities. Certain shared Costs are
apportioned to activities in furtherance of the objects of the charity. Staff costs are allocated
according to the costs of staff working directly in the relevant departments.
Page 13

MEANWOOD VALLEY URBAN FARM LIMITED
NOTES TO THE FINAIYCIAL STATEMENTS
For the Year Ended 31 March 2024
ACCOUNTING POLICIES (eontinued)
Governance
Governance costs comprise all costs involving the public accountability of the charity and its
compliance with regulation and good practice. These costs include costs related to statutory audit
and legal fees together with an apportionrnent of overhead and support costs.
Alloeation of overhead and support eosts
These costs, which include staff Costs and premises costs and other day to day costs of the
charity are apportioned between the two core activities on the basis of estimated time and cost
spent on each activity.
Fund-raising costs
Funds held by the charity are:
Unreslrictedgeneralfvnds- these are funds which can be used in accordance with the Charitable
objects at the discretion of the t￿￿tees. Such funds may be held in order to finance both working
capital and capitaI investment, as well as funding under-funded projects.
Restrictedfunds- these are funds that 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 explanalion of the nature and pury)ose of each fund is included in the notes to the
accounts.
Tangible fIxed assets
In the main fixed assets in Previous years when acquired were written off against the receipt of
capital expenditure grants. From l April 1996 expenditure on fixed assets has been capitalised.
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Buildings
Plant and equipment
Motor vehicles
4% on straight line
150/0 on reducing balance
250/0 on reducing balance
Stocks
Stock has been valued at the lower of cost and net realisable value on the first in, first out basis,
onsistent with prior years. Repairs and renewals are charged directly against revenue.
Taxation
The charity. being a registered charity, is exernpt from the payment of incorne and corporation
tax.
Pension Cost
The charity operates a Stakeholder Pension Scheme which is accessible to staff.
LIABILrrY OF MEMBERS
Meanwood Valley Urban Farm Limited is a company limited by guarantee and the members,
liabilities are limited to £1.
NET INCOMING RESOURCES
The net incoming resources are stated after charging:
2024
2023
Depreciation on owned assets
Independent examiners fees
25,541
4,916
26,483
4,580
Page 14

MEANWOOD VALLEY URBAN FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024
GRANTS, DONATIONS AND LEGACIES
2024
2024
Unrestricted Restricted Unrestricted Restricted
Just Giving
Gift Aid Donation
Inner North East Community Committee Fund
(Playscheme)
Inner North East Community Committee Fund
(Tables)
Jonathan Maud Rushbond PIC
Wades Charity
Sovereign Health Care
Margaret Swan
Hyde Park Harriers
Charles Brotherton Trust
Garfield Weston Foundation
Sir George Martin Trust
Estate of Barry Tumer
Nineveh Trust
HDH Wills
SMB Trust
Finnis Scott
Haramead Trust
Southall Trust
Ha￿lsOn Potter
MiGe Money {Cllr Julie Hesslewood)
Advent Development Limited
Dr John W Mooney {Private Donor)
Social Enterprise Support Fund
Leeds Digital Inclusion (Leeds Community
Foudation)
Kate Parkins
Ernest Cook
Kick5tart
HSBC UK
Coflux Global
CLA Charitable Trust
D'oyley
BW Leoal
Mencap
Georgina Maud {Peak District Ultra Challenge)
Yorkshire Building Society
Calmcott Trust
Hillards
W W Spooner Charitable Trust
Peter Chadwick Charitable Trust
Other Donations and Gifts
19,054
38,901
7,512
4,574
4,584
2,763
1,000
1,000
5.000
5.000
1.000
1.000
414
325
6,500
400
300
2,000
3,997
2.500
1,000
1,500
5,000
5,000
5,000
5,000
200
2,600
24,000
18,360
10,000
10,000
9.068
6,511
6,000
5.000
4,000
4,000
2.298
1,900
1,500
1,000
1,000
1,000
500
265
10.249
555
80.440
Page 15

MEANWOOD VALLEY URBAN FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024
ACTIVITIES FOR GENEIL4TING FUNDS
2024
2024
2023
Unrestricted Restricted Unrestricted Restricted
Livestock and produce account
Education services
Events
Cafe recharges
Shop and bike income
Subscriptions
Rental incorne
8,499
11,914
5,076
10,200
40,924
22,274
4,118
10,200
28,645
8,109
16,373
8,513
16,970
92,597
130,643
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
2024
2024
2023
202)
Unrestricted Restricted Unrestricted Restricted
Leisure and recreation
Visitor fees
Leeds City Council . General grant
40,549
44,144
35,009
44,144
84,693
Education and training
Delivery of training and development
programme
Reconnect+
HOOF Agriculture
Forest Project
77,440
39,665
90,694
3,400
76,875
14.700
47.146
1,800
211,199
140,521
295,892
219,674
Page 16

MEANWOOD URBAN VALLEY FARM LIMITED
NOTES TO THE FINANCIAL STATEMEiYrs
For the Year Ended 31 March 2024
FUNDRAISING TRADING COSTS
2024
2024
2023
2023
Unrestricted Restricted Unrestricted Restricted
Livestock and produce account
Education services
Events
Visitor admission costs
Shop purchases
10,947
320
878
82
8,117
5,177
22,946
1,179
950
68
8,919
16.661
20,344
5,177
34,062
16.661
CHARrrABLE EXPENDITURE
2024
2024
2023
Unrestricted Restricted Unrestricted Restricted
Leisure and recreation
Staff costs
Reconnect+
Cornmunication and meeting costs
Farrn maintenance costs
Prernises costs
Motor and travelling
General support costs
Depreciation
104.723
1,776
3,408
3,938
8,773
198
2,318
442
32,500
87.126
32,718
2,497
7,924
6,737
247
2,871
509
4,563
4.941
1,500
3,870
2,000
3,961
125,576
42,433
107,924
43,620
Education and training
Staff costs
Communication and meeting costs
Farni maintenance costs
Premises costs
Motor and travelling
General support costs
Depreciation
218,348
8,762
10.127
22,558
508
5.960
2,175
6,074
181.657
6,421
20,377
17,321
20,585
4.175
2.581
19,054
7.381
2,508
17.987
19,505
268,438
31,884
236,300
58,077
394,014
74,317
344,224
101,697
Page 17

MEANWOOD VALLEY URBAN FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024
10.
GOVERNANCE COSTS
2024
2024
2023
Unrestricted Restricted Unr¢stricted Restricted
Staff Costs
Accountancy and legal fees
26,006
7,554
21,636
4.749
33,560
26,385
11.
DIRECT CHARITABLE EXPENDITURE
2024
2023
Costs..
Wages and salaries
Social security
Pension
353,491
28,747
5,413
314,298
23,891
5,533
J87,651
34J,722
Staff costs and numbers:
There were no employees who earned £60,000 OT more (2023 - None)
The average weekly numbeT of employees during the year was as follows:.
2024
2023
Chief Executive
Training projects
Security
Retaivreception
Administrationlsupport
Weekend cover
13
20
21
The Management CommitteelDirectors did not receive any Temuneration or reimbursement of
expenses.
Page 18

MEANWOOD VALLEY URBAN FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024
12.
TANGIBLE FIXED ASSETS
IT and Epicentre Courtyard Outbuildings Garden
Equipment
Centre
Access
Works
Total
Cost
At l April 2023
Additions
Disposals
42.028 624,792
506,443
68,029 112,990 1,354,282
At 31 March 2024
42,028 624,792
506,443
68,029 112.990 1,354,282
Depreciation
At l April 2023
Charge for year
21,800 461,350
7,141
280,573
11,293
47,290 52,246 863,259
25,541
Disposals
At 31 March 2024
24,834 468.491
291.866
48,326 55,283 888,800
Net book value:
At 31 March 2024
17,194 156,301
214,577
19,70J 57,707 465,482
At 31 March 202J
20,228 163.442
225,870
20.739 60,744 491,023
The Farni buildings which were built before 31 March 1996 weie not capitalised and as a Tesult, do
not have a cost value in these accounts. They were included in the original lease or built with grant
aid.
All the buildings excluding land have a Teplacement value for insurance purposes of £4,500.000
(2023- £4,209,675).
13.
FIXED ASSET INVESTMEiYrs
Total
Cost
Additions
loo
At 31 March 2024
100
Net book value:
At 31 March 2024
loo
Page 19

MEANWOOD VALLEY ifRBAN FARM LIMITED
NOTES TO THE FINANCXAL STATEMENTS
For the Year Ended 31 March 2024
14.
STOCK
2024
2023
Livestock on hand
Shop goods for resale
5,504
2,814
5,573
2,255
15.
DEBTORS- Amounts falling due within one year
2024
Trade debtors
16.
CREDITORS- Amounts falling due within one year
2024
2023
Accruals
17.
RESTRlCtED FUNDS
Balance
at
MOVEMENT fN FtrNDS
Balance
at
31.3.24
Incorning
resources
Resources
expended
Transfers
C2Pltal
EpiCentr¢
Coutyard Centre
Outbuildings
CCTV
Play ATea
Picnic Tables
IT and Equiprnent
Education Equipment
Garden Access Works
IT Upgrade
Income
NIE Wellbeing Youth Activity
Education
Livestock
Robert Collins
Site Improvement
Hen House
Coutyard Improvernent
Education Internship Training
Market Garden
Leeds Digital Inclusion
HSBC
160,154
22),784
(6,9JO)
(10,945)
(1,036)
(84)
(115)
(12)
(5)
(122)
(3,037)
(63 8)
153,224
212,839
19.703
474
2.547
272
29
647
57,707
3,397
558
2,662
284
34
769
60,744
4,035
7.i37
2.470
5.245
40
7.600
(7,3)7)
(1.750)
(5.177)
150
265
485
3,000
872
1,361
1,219
7.500
2.809
5.000
870
525
4,688
809
2,361
769
(5.912)
(63)
1.000
(450)
(32,500)
(1,881)
(1,500)
25.000
928
3,500
496.424
48,692
(79,494)
465,622
Page 20

MEANWOOD VALLEY URBAN FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024
17. RESTRICTED FUNDS {Continued)
The capital restricted funds represent capital grants and contributions that the Farn] has received to
finance the acquisition and enhancement of fixed assets which are subject to depreciation. The
grants and contributions are released in line with depreciation charges, and the balances on these
accounts thus Tepresent the extent to which the capital grants and contributions have not been
written back.
The income restricted funds represent income that the Fann has received which is earn]arked for
spectfic projects. These include:
The Education Fund was established for the development of the Farm's educational
service, for the purchase of educational equipment and materials. It also includes funding
received for an internship, the cost of which covers more than one year.
The Livestock Fund was established to generate external funding for the purchase of farni
animals and related equipment.
The Robert Collins Fund was established foT the purchase of plants and equipment.
The Site Improvements Fund was established for the purchase of equipment and repairs to
the site.
The Hen House Fund was established to raise funds to rebuild the Hen House.
The Coutyard Improvement Fund was established to raise funds to improve the courtyard.
The Education Internship Training Fund was established to raise funds to be us¢d for the
training of the Farni's internee.
The Market Garden Fund has been set up to raise external funds for the developtnent of
the Farn]'s market garden and includes grants which have been successfully applied for
which cover more than one financial year.
The HSBC Fund relates to funding received from the HSBC bank to enhance the Farni's
visitor experi¢nc¢ and support the Foffest School.
Page 21

MEANWOOD VALLEY URBAN FARM LI1￿llTED
IYOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024
18.
STATEMENT OF CHANGES IN EQUITY
2024
2023
Surplusl(deficit) for the financial year
(5,268)
(43.302)
Net inereasel(decrease} in equity
(5,268)
(4),302)
Opening funds
568,737
612,039
Closing Funds
563,469
568,7J7
Realised funds
Unrealised funds
563.469
568,7J7
563,469
568,737
Page 22

MEANWOOD VALLEY URBAN FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible
fixed assets
Cash at Bank Other assets
and in hand (liabilities)
Total
Restricted Funds .
Epicentre
Courtyard Centre
CCTV
Outbuildings
Play Area
Picnic Tables
IT and Equipment
Education Equipment
Garden Access Works
IT Upgrade
Education
Livestock
Robert Collins
Site Improvement
Hen House
Courtyard Improvement
Education Internship Training
Market Garden
Leeds Digital Inclusion
HSBC
153.224
21? 839
19,703
474
2,547
272
29
647
57.707
3,397
153,224
212,839
474
2,547
272
29
647
57,707
3,397
870
870
333
525
4,688
809
2,361
769
525
4.688
809
2.361
769
928
3,500
928
3,500
450,839
14,783
465,622
Unrestricted Funds .
14,743
54,863
28.241
97,847
465,582
69,646
28,241
563,469
20. RELATED PARTIES
The Management Committee acting in concert are able to exercise control over the company and are
accordingly together, the Controlling Paty and individually, ar¢ Telated parties. No disclosures arKse in
respect of transactions with members of the Management Committee and no members received any
remuneration or expenses during the year.
The company owns all of the shares in a trading cornpany. MVUF Enterprises Limited. The company
received a Gift Aid donation from this entity in the year totalling £38.901.
Page 23

MEAIYWOOD VALLEY URBAN FARM LIMITED
INCOME AKD EXPENDITURE ACCOUNT
For the Year Ended 31 March 2024
31.3.24
31.3.23
NET INCOME FROM OPEII4TIONS
Delivery of training and development
programme (see Dote l)
211,199
140,521
Leeds City Council -
General grant
Education services
Grants. donations, and legacies
Café recharges
Events
Farm Merchandise
Shop income
Bike sales
Livestock and produce
Interest received
SubscTiPtions
Visitors, fees
Rental income
44,144
11,914
80,440
10,200
5.076
1,176
15,352
14,897
8,499
4,523
8.513
40.549
16.970
44,144
22,274
30,834
10,200
4,118
13,404
14,879
40,924
1.489
8,109
35,009
473,452
382,640
OVERHEAD EXPENSES
Business rates and rent
Water
Farni insurance
1,042
2,640
15,174
2,818
9,657
14.065
2,617
1,470
1.733
12,593
2,544
5,720
28,301
i,017
Electricity
Farm. other maintenance. and tools
Depreciation of fixed assets
48,013
55,378
Wages and salaries
Motor expenses
Travelling expenses
Telephone and internet
349,077
472
232
4,497
290,419
882
4,639
354,278
295,940
Carried forward
402,291
473.452
i51,318
382,640
This page does not forn] part of the statutory financial statements.
Page 24

MEANWOOD VALLEY URBAN FARM LIMITED
INCOME AND EXPENDITURE ACCOUNT
For the Year Ended 31 March 2024
31.3.24
31.3.23
Brought fonvard
402,291
473,452
J51,318
382,640
Stationery, comput¢r and photocopieT
Advertising
Training expenses
Cleaning
Sundry expenses
Education services
Reconnect+
Farm merchandise
Shop Purchases
Bike parts
Livestock and produce
Events
Functions and free issues
Membershiplplots
Accountancy and legal fees
7,204
469
1,546
5,000
1,730
4,150
130
329
4,776
5,143
1,179
13
451
7,111
1,776
7,219
902
10,947
557
321
82
7,554
22.946
701
249
68
4,749
45,627
5i,352
Total expenses
447,918
404.670
447,918
404,670
(DEFICIT)/SURPLUS ON OPEIL4TIONS
25,534
(22,030)
Note I
Delivery of training and development
programrnes
Reconnect+
HiTe of Epicentre
Community care
HOOF projects
Forest Project
39.665
9,616
67,824
90,694
14,700
8,828
68,047
47,146
1,800
211,199
140,521
This page does not form part of the statutory financial statements.
Page 25

MEANWOOD VALLEY URBAN FARM LIMITED
MANAGEMENT INFORMATION
For the Year Ended 31 March 2024
31.3.24
31.3.23
LIVESTOCK AND PRODUCE
REVENUE ACCOUNT *
Sales
8,499
40,924
Cost of Sales
Stock at l April 2023
Purchases
5,573
10.878
6,028
22,491
16,451
(5,504)
28,519
(5.57J)
Stock at 31 March 2024
(10,947)
(22,946)
Surplus/(deficit)
(2,448)
17,978
SHOP Accouiyr *
Sales
15,352
13,404
Cost of Sales
Stock at l April 2023
Purchases
2,255
7,778
2,398
6.968
10,Oi3
(2,814)
9,366
(2,255)
Stock at 31 March 2024
(7.219)
(7.111)
Surplusl(deficit)
8.133
6,293
Iyote .
* Excludes associated salary costs
Please note that the Income and Expenditure figures above are included separately in the Income and
ExpenditUTe Account on pages 24 and 25.
This page does not forn] part of the statutory financial statements.
Page 26