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← Meanwood Valley Urban Farm Limited

2025-03-31-accounts

REGISTERED NUMBER: 01509788 (England and Wales)

MEANWOOD VALLEY URBAN FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

MEANWOOD VALLEY URBAN FARM LIMITED

INDEX TO THE FINANCIAL STATEMENTS

Page
Company Information 1-2
Report ofthe Management Committee/Directors 3-8
Independent Examiners Report to the Members 9
Statement ofFinancial Activities 10
Balance Sheet 1]
Notes to the Financial Statements 12-22
Income and Expenditure Account 23-24
ManagementInformation 25

MEANWOOD VALLEY URBAN FARM LIMITED

COMPANY INFORMATION

PRESIDENT:

RE Collins MBE

MANAGEMENT COMMITTEE/ DIRECTORS:

P Ackroyd H J Bateman CG Follin — Chair RA Jeffcoat D Meeson - Treasurer R Sykes D Gammage

REGISTERED OFFICE:

BANKERS:

Sugarwell Road Leeds LS7 2QG Virgin Money Leeds City Branch 94-96 Briggate Leeds LSI 6NP

Page |

MEANWOOD VALLEY URBAN FARM LIMITED

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |COMPANY|INFORMATION| |(continued)| |COMPANY|REGISTERED|NUMBER|:|01509788| |CHARITY|REGISTRATION|NUMBER|:|$10452| |INDEPENDENT|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| |LIVESTOCK/SMALL|ANIMALS|MANAGER| |SHOP/RECEPTION|AD|BrownSharp| |NIGHT|SECURITY|A|Younger| |PART|TIME| |BOOKKEEPER/ADMIN/TRAINER|S|Brown| |ADMIN/COMMUNICATION|R|Akers| |COMMUNITY GROWERS|A|Graham|/|J|Kruger/|L|Howell| |LEARNING|DISABILITY|SUPPORT|E|Forster|/ C|Bell|/|E|Brown|/ M|Clayton| |LIVESTOCK ASSISTANTS|A|Larner|/ D|Hague| |SHOP/RECEPTION|D|Kershaw| |HOOF COVER|T|Baines|/|1|Hulkkonen|/ R|Hamer-Young| |R|Leman| |SHOP COVER|M|Collier| |HYGIENE TECHNICIAN|S|Bourne|

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MEANWOOD VALLEY URBAN FARM LIMITED REPORT OF THE MANAGEMENT COMMITTEE/DIRECTORS

The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 31 March 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

STATEMENT OF THE CHAIR

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 our charitable objectives.

We have attracted many members of the general public to the Farm once again as we open as a visitor attraction 362 days of the year enabling people to enjoy our facilities and outdoor spaces.

The Board of Trustees, also known as the Management Committee, provides oversight and direction to the charity, while providing support and challenge to the organisation and its staff.

The board is clear that its main focus is on strategy, performance and assurance rather than operational matters.

Over the last year, two of our trustees have stepped down and our co-chair Helen Bateman decided to step down from this role to become vice chair. We are very grateful for all their work for the farm. We have recently recruited two new trustees, broadening our skills base.

Periodically renewing the Trustee base is regarded as good practice as it helps to keep our thinking fresh, enables us to broaden our expertise and avoids complacency. One of our Trustees, our Treasurer, Doug Meeson, however, has served with us for over 9 years. Doug’s expertise and commitment to the Farm is invaluable and his long knowledge of the Farm and its finances ensures our ability to learn from the past and see the inevitable ‘ups and downs’ in our finances in a wider context.

We have continued to run our regular Management Committee meetings throughout this year, including the subcommittee structure that helps to give extra oversight and governance of the organisation. The Management Committee continues to monitor and carry out actions to ensure the good financial management of the organisation to help finish each financial year with a surplus that, in the first instance, can be used to replenish our reserves. We have a risk register in place which the management committee and sub committees oversee on a regular basis.

Trustees and staff have refreshed our vison, mission and values this year. Our masterplan for the next stage of the charity's journey continues to evolve. I am very grateful to all the trustees for their hard work and dedication once again this year.

I would also like to thank all the staff, volunteers, service users, funders and partners who have contributed in so many ways to help the charity continue to fulfil its objectives.

CG Follin - Chair of Trustees/Director

Page 3

MEANWOOD VALLEY URBAN FARM LIMITED REPORT OF THE MANAGEMENT COMMITTEE/DIRECTORS

CHIEF EXECUTIVE’S REVIEW

Once again, I would like to thank all the Farm staff team, our trustees, volunteers, HOOF team, members, and supporters for helping us through another year.

All of this support helps us to achieve our overarching mission as a charity, which is to offer people in Leeds and beyond, of all ages, cultures and backgrounds, the chance to experience nature, farm animats and food growing in our urban green space so they can learn, share, flourish and have fun in a place of calm, care and compassion.

Our programmes, which have continued this year, are all about connecting people to nature, particularly those who would not normally get the chance. They are also about harnessing the power of nature to aid good health and wellbeing.

Our HOOF programme does both by giving adults with learning disabilities in Leeds the chance to get involved with alt aspects of the Farm and for many of the group, the farm is like their second home.

For the many school children who come to the Farm on our national curriculum linked outdoor environmental projects, they get to learn by directly engaging with nature.

We host forest schools at the farm, run by amazing practitioners, who are bringing fun and wellbeing to the many children and their parents who attend these sessions.

Our market garden continues to provide quality chemical free fruit and vegetables to local people through our community supported agriculture scheme that includes a popular veg box initiative and surplus produce given to local anti-food poverty projects.

We were successful in our application for a licence renewal from Leeds City Council under the Animal Welfare (Licensing of Activities Involving Animals) Regulations 2018 for the keeping and care of our farm livestock and small animals.

Our on-site businesses who rent space from us continue to bring new audiences to the Farm via the workshopsitraining that they offer, and we are very grateful for the additional support they provide to the charity throughout the year.

A thank you to the Barn Café located in the courtyard at the Farm which continues to be a popular destination for many people.

We have worked on refreshing our vision, mission, values, ambitions, and social objectives as part of the Pilotlight 360 programme we were accepted on as a Weston Charity Awards winner. This programme gave us 10 months of coaching from 4 external business executives to look at our future strategy and direction of travel and we have produced a strategic activity plan with clear strategic goals as part of this work.

Thanks to a donation we have been able to commission an accessibility audit of our whole 26-acre site by a nationally recognised accessibility consultant. We will be seeing how we can implement the key recommendation from the audit, as funds allow over time, to make the Farm accessible to more people.

The Farm is a partner with Leeds City Council’s Flood Alleviation Team, The Environment Agency, Leeds University and Yorkshire Water in a project to explore how the farm can become a “blue/green demonstrator site” which will inform and educate the public and those working in the flood industry about practical initiatives that can be adopted in our own homes/gardens/places of work to reduce the incidence and consequences of flooding.

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MEANWOOD VALLEY URBAN FARM LIMITED REPORT OF THE MANAGEMENT COMMITTEE/DIRECTORS

We would like to thank all of our funders this year for their generous support that helps us keep doing our charitable activities. We would also like to thank Leeds City Council for their funding and support which we very much appreciate.

To everyone who has contributed to the Farm this year, thank you very much.

Adam Ogilvie, Chief Executive

STRUCTURE, GOVERNANCE AND MANAGEMENT

GOVERNING DOCUMENT

The concept of developing a city farm in Meanwood, Leeds was the inspiration of community workers in 1979 and coincided with the establishment of the City farm movement nationally. This enthusiastic and determined group brought together volunteers to progress this vision. Land was leased from Leeds City Council and the Meanwood Valley Urban Farm opened on the | April 1980.

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 amount not exceeding £1.

The charitable company was established under a Memorandum of Association which established its objects and powers and is governed under its Articles of Association.

The Farm holds an agreement for a Farm Business Tenancy (fixed term) with Leeds City Council for a term of 50 years from the 11 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 General Meeting from amongst the Farm’s membership. The Articles provide for there to be up to 10 members on the Management Committee, of which 4 are designated as office holders. During the year, the Management Committee does have the right to co-opt additional persons on to the Board to fill vacancies, plus up to three persons to provide special expertise. In addition, and in accordance with Charity Commission guidance, Trustees who have been in position for more than 9 years are reviewed by the Chair to ensure that their continued reappointment remains appropriate.

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 Farm prior to being elected onto the Management Committee and new committee members are given an induction to the Farm by the Chair and the Chief Executive as well as being provided with information 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 Farm. The work 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 Farm. Day to day operational management is delegated to the Chief Executive who in turn is supported by a senior management team.

During 2024/2025 the Farm was a member of the city farm network known as Social Farms and Gardens.

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MEANWOOD VALLEY URBAN FARM LIMITED REPORT OF THE MANAGEMENT COMMITTEE/DIRECTORS

The Directors who have held office during the whole of the period from | Apri] 2024 to the date of this report are as follows:

First Appointed

PAckroyd Ackroyd 2/10/2019
EM M Ainge 2/10/2019 Resigned25/11/2024
H J Bateman 2/10/2019
N Carlton 28/12/2022 Resigned 24/3/2025
CG Follin 2/10/2019
DGammage Gammage 24/3/2025
RA Jeffcoat 2/10/2019
D Meeson 12/11/1996
R Sykes 24/3/2025

Related Parties

For a number of years, the Farm has had a close relationship with Leeds City Council. In addition, to being the Farm’s landlord, the City Council also provides significant funding by way of grants and contracts for providing services to the community. One of the Farm’s trustees is employed by Leeds City Council, one is partner to a Leeds Councillor and another runs a company that is a tenant and also provides first aid training to the Farm.

OBJECTIVES AND ACTIVITIES FOR PUBLIC BENEFIT

The Farm’s objects and principal activities are:

The Trustees confirm that they have complied with the duty in section 17(5) of the 2011 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 Farm mainly relies upon grants and income from educational and training activities, but does also generate some income from admission charges, events, room hire, cafe, agricultural sales, and farm shop. In setting the level of fees charges and concessions, the Trustees give careful consideration to the accessibility of the Farm to those on low income.

The Farm’s strategy is to deliver its objectives by:

Our values are

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MEANWOOD VALLEY URBAN FARM LIMITED REPORT OF THE MANAGEMENT COMMITTEE/DIRECTORS

The Farm 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.

FINANCIAL REVIEW

The Farm during 2024/2025 made an unrestricted deficit of £3,565 (2023/2024 surplus of £25,534). At 31 March 2025, the Farm’s unrestricted reserves stood at £94,282 (2023/2024 was £97,847).

The Farm’s main sources of income continue to be public bodies, including Leeds City Council, although income from other sources is becoming increasingly more important. Most of the Farm’s income and expenditure is in support of its two main charitable activities as summarised below:

2025 Unrestricted Income Expenditure Transfer Surplus/
(Deficit)
£ £ £ £
Leisure& Recreation 87,299 (138,042) - (50,743)
Education & Training 247,687 (298,139) - (50,452)
All other activities 163,534 (65,904) - 97,630
TOTAL 498,520 (502,085) - (3,565)

Income overall in 2024/2025 was up by £25,068 in comparison to 2023/2024, whilst expenditure was up by £54,167 compared to the previous year, resulting in an overall deficit. Income from Education and Training was up by £36,488, and income from admissions was also up by £2,606. Income from all other activities was down by £14,026. This includes a donation from MVUF Enterprises Limited in 2023/2024, which previously would have been shown as income from the market garden, and which has also resulted in a reduction in the cost of Livestock and Produce. Shop sales again were up by £2,486 which helped to generate a shop surplus of £10,830. The overall increase in expenditure is largely accounted for by the increase in staffing costs of £46,519 with utility costs up also up by £5,242.

The restricted funds consist of capital and income funds and are summarised below:

2025 Restricted Balance Income Expenditure Transfer Balance
1.4.24 31.3,25
£ £ £ £ £
Capital Funds 450,839 - (22,434) - 428,405
Income Funds 14,783 63,849 (36,326) - 42,306
TOTAL 465,622 63,849 (58,760) - 470,711

The capital restricted funds represent capital grants and contributions that the Farm has received to finance the acquisition and enhancement 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 restricted funds represent income that the Farm has received which is earmarked for specific projects. The balance as at 31 March 2025 represents unexpended resources that are earmarked to fund future expenditure on the project.

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MEANWOOD VALLEY URBAN FARM LIMITED REPORT OF THE MANAGEMENT COMMITTEE/DIRECTORS

RESERVES POLICY

The Farm’s free reserves at 31 March 2025 stood at £81,976 (2023/2024 was £83,104). The Management Committee have reviewed its previously established reserves policy and have determined 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 Farm 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 orderly closure.

The Management Committee is aware that free reserves as of 31 March 2025 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 Farm’s financial viability.

STATEMENT OF RESPONSIBILITIES OF THE MANAGEMENT COMMITTEE DIRECTORS

The charity trustees/management committee (who are also the directors 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 financial 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:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and that enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

By Order of the Management Committee/Directors

C G Follin+ Chair of Trustees/Director

Dated : 7 July 2025

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MEANWOOD VALLEY URBAN FARM LIMITED

INDEPENDENT EXAMINERS’ REPORT TO THE MEMBERS OF MEANWOOD VALLEY URBAN FARM LIMITED

I report on the accounts of Meanwood Valley Urban Farm Limited for the year ended 31 March 2025 which are set out on pages 10 to 24.

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 preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 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:

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:

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AD aA.
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Andrew Wilkinson FCA Independent Examiner West Hill House Allerton Hill Chapel Allerton Leeds LS7 3QB

Dated : 7" July 2025

Page 9

MEANWOOD VALLEY URBAN FARM LIMITED

STATEMENT OF FINANCIAL ACTIVITIES {including Statement of Comprehensive Income)

for the Year Ended 31 March 2025

Notes 2025 2025 2025 2024
Unrestricted Restricted Total Total
Funds Funds
£ £ £ £
Incoming resources
Income resources from generated funds
Grants, donations, and legacies 5 78,548 63,849 142,397 129,132
Activities for generating funds 6 82,625 - 82,625 92,597
Incoming resources from charitable
activities 7 334,986 - 334,986 295,892
Interest received on investments 2,361 - 2,361 4,523
Total incoming resources 498,520 63,849 $62,369 $22,144
Resources expended
Costs ofgenerating funds 8 30,973 315 31,288 25,521
Costs ofcharitable activities 9 436,181 58,445 494,626 468,331
Governance costs 10 34,931 - 34,93] 33,560
Total resources expended 502,085 $8,760 560,845 §27,412
Movement in funds for theyear
Net income before transfers (3,565) 5,089 1,524 (5,268)
Transfers = 5 - F
Net movement in funds for theyear (3,565) §,089 1,524 (5,268)
Othercomprehensive income - - - :
Total comprehensive income forthe year (3,565) 5,089 1,524 (5,268)
Reconciliation ofFunds
Total funds brought forward 97,847 465,622 563,469 568,737
Totalfundscarriedforward 94,282 470,711 $64,993 563,469

All the above results are derived from continuing activities and there have been no acquisitions during the year.

The notes form part of these financial statements. Page 10

MEANWOOD VALLEY URBAN FARM LIMITED (Registered number 01509788)

BALANCE SHEET At 31 March 2025

Notes Total Total
2025 2024
£ £
FIXED ASSETS
Tangible assets 12 440,771 465,482
Investments 13 100 100
440.871 465,582
CURRENT ASSETS
Stocks 14 9,693 8,318
Debtors 15 21,251 30,693
Cash atbankand inhand 89,909 69,646
Prepayments and otherdebtors 10,404 4,982
131,257 113,639
CREDITORS Amounts falling
duewithin one year 16 7,135 15,752
NETCURRENTASSETS 124,122 97,887
TOTALASSETSLESSCURRENT
LIABILITIES 564,993 563,469
FUNDS
Unrestricted funds 18/19 94,282 97,847
Restricted funds 17/19 470,711 465,622
564.993 563,469

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year ended 31 March 2025 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and constitute the annual accounts required by the Companies Act 2006 and are for circularisation to members of the company.

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ON BEHALF OF THE BOARD:
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D Meeson—Treasurer/Director
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Approved by the Management Committee on 7” July 2025.

These notes form part of these financial statements Page 11

MEANWOOD VALLEY URBAN FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025

  1. COMPANY INFORMATION Meanwood Valley Urban Farm 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.

  2. ACCOUNTING POLICIES Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), 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 otherwise 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 measured with reasonable certainty. Income is deferred 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 future period.

Grants receivable for revenue expenditure 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 generate funds are accounted for when the conditions for their receipt have been met.

Investment income

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 operational programmes is recognised in the period in which it is incurred. A designated fund is established for expenditure which has been committed 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.

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MEANWOOD VALLEY URBAN FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025

  1. ACCOUNTING POLICIES (continued)

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 apportionment of overhead and support costs.

Allocation of overhead and support costs

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:

Unrestricted generalfunds — these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Such funds may be held in order to finance both working capital and capital investment, as well as funding under-funded projects.

Restricted funds- 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 explanation of the nature and purpose 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 | 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 - 4% on straight line Plant andequipment —- 15% on reducing balance Motor vehicles - 25% on reducing balance

Stocks

Stock has been valued at the lower of cost and net realisable value on the first in, first out basis, consistent with prior years. Repairs and renewals are charged directly against revenue. Taxation The charity, being a registered charity, is exempt from the payment of income and corporation tax,

Pension Cost The charity operates a Stakeholder Pension Scheme which is accessible to staff.

  1. LIABILITY OF MEMBERS Meanwood Valley Urban Farm Limited is a company limited by guarantee and the members’ liabilities are limited to £1.

4, NET INCOMING RESOURCES The net incoming resources are stated after charging: 2025 2024 £ £ Depreciation on owned assets 24,710 25,541 Independent examiners fees 5,004 4,916

Page 13

MEANWOOD VALLEY URBAN FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

5. GRANTS, DONATIONS AND LEGACIES

2025 2025 2024 2024
Unrestricted Restricted Unrestricted Restricted
£ £ £ £
Just Giving 646 - 19,054 -
Gift Aid Donation 68,143 - 38,901 -
Lottery Community Fund - 20,000 - -
InnerNorth East Community Committee Fund
(Playscheme) - 4,378 - 4,574
InnerNorth East Community Committee Fund
(Tables) - - - 2,763
Jonathan Maud Rushbond Plc - - 1,000 -
Harrison Potter - 9,920 - 5,000
Garfield Weston Foundation 5,000 - 6,500 -
Mitchell Family Legacy - 6,500 - -
Morrisons Charitable Trust . 5,070 - :
Hays Travel Trust : 3,411 - -
Margaret Swan - 1,000 - 1,000
GMI Holdings - 1,000 - -
The Barry Green Memorial Fund - 2,000 - -
MakingA Difference - 1,400 - -
The Odd Fellows - 500 - -
Yorkshire Agricultural Society - 2,000 - -
St James’s Place - 2,500 - -
Morley Glass& Glazing Limited - 500 - -
Marshall& Viggars Charitable Trust - 500 - -
Skipton Building Society - 1,000 - -
SF&G - 1,500 - -
Wades Charity - - - 5,000
Sovereign Health Care - - - 5,000
Hyde Park Harriers - - 414 -
Charles Brotherton Trust 350 - 325 -
SirGeorge Martin Trust - - - 2,000
Estate ofBarry Turner - - 3,997 -
Nineveh Trust - . - 2,500
HDH Wills - - - 1,000
SMB Trust - - - 1,500
Finnis Scott - - - §,000
Haramead Trust - - - §,000
Southall Trust * - - 5,000
Mice Money (CllrJulie Hesslewood) - - - 200
Advent Development Limited - - - 2,600
Other Donations and Gifts 4,409 670 10,249 555
78,548 63,849 80,440 48.692

Page 14

MEANWOOD VALLEY URBAN FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025

6. ACTIVITIES FOR GENERATING FUNDS

2025 2025 2024 2024
Unrestricted Restricted Unrestricted Restricted
£ £ £ £
Livestock and produce account 6,631 - 8,499 -
Education services 9,873 - 11,914 -
Events 2,673 - 5,076 -
Café recharges 10,200 - 10,200 -
Shop and bike income 26,118 - 31,425 -
Subscriptions 9,590 - 8,513 -
Rental income 17,540 - 16,970 -
82,625 - 92,597 -
hh INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
2025 2025 2024 2024
Unrestricted Restricted Unrestricted Restricted
£ £ £ £
Leisure and recreation
Visitor fees 43,155 - 40,549 :
Leeds City Council : General grant 44,144 - 44,144 -
87,299 - 84,693 -
Education and training
Delivery oftraining and development
programme 43,747 - 77,440 -
ReConnect+ $70 - 39,665 -
Home Schooling Partnership 26,408 - - -
HOOF Agriculture 174,187 - 90,694 -
Forest Project 2,775 - 3,400 -
247,687 - 211,199 -
334,986 - 295,892 :

Page 15

MEANWOOD URBAN VALLEY FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

&. FUNDRAISING TRADING COSTS

&. FUNDRAISING TRADING COSTS
2025 2025 2024 2024
Unrestricted Restricted Unrestricted Restricted
£ £ £ £
Livestock and produce account 13,660 315 10,947 $,177
Education services 4,438 - 320 -
Events 704 - 878 -
Visitor admission costs 54 - 82 -
Shop purchases 12,117 - 8,117 -
30,973 315 20,344 5,177
9, CHARITABLE EXPENDITURE
2025 2025 2024 2024
Unrestricted Restricted Unrestricted Restricted
£ £ £ £
Leisure and recreation
Staffcosts 118,679 1,000 104,723 32,500
Reconnect+ - - 1,776 -
Communication and meeting costs 3,765 - 3,408 -
Farm maintenance costs 1,953 16,094 3,938 4,563
Premises costs 10,571 - 8,773 -
Motor and travelling 575 - 198 -
General support costs 2,115 6,754 2,318 1,500
Depreciation 384 3,787 442 3,870
138,042 27,635 125,576 42,433
Education and training
Staffcosts 247,445 7,332 218,348 6,074
Communication and meeting costs 9,682 - 8,762 -
Farm maintenance costs 5,023 1,188 10,127 4,175
Premises costs 27,181 - 22,558 -
Motorand travelling 1,479 - 508 -
General support costs 5,437 3,644 5,960 2,581
Depreciation 1,892 18,647 2,175 19,054
298,139 30,811 268,438 31,884
436,181 58,446 394,014 74,317

Page 16

MEANWOOD VALLEY URBAN FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025

10. GOVERNANCE COSTS
2025 2025 2024 2024
Unrestricted Restricted Unrestricted Restricted
£ £ £ £
Staffcosts 29,472 - 26,006 -
Accountancy and legal fees 5,459 - 7,554 -
34,931 - 33,560 -
11. DIRECT CHARITABLE EXPENDITURE
2025 2024
£ £
Costs:
Wages and salaries 372,033 353,491
Social security
Pension		 25,800
6,095		 28,747
5,413
403,928 387,651

Staff costs and numbers: There were no employees who earned £60,000 or more (2024 - None) The average weekly number of employees during the year was as follows:-

2025 2024
ChiefExecutive 1 ]
Training projects 12 1]
Security
Retail/reception		 l
3		 l
2
Administration/support 2 3
Weekend cover 3 2
Hygiene technician ] -
23 20,

The Management Committee/Directors did not receive any remuneration or reimbursement of expenses.

Page 17

MEANWOOD VALLEY URBAN FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

12. TANGIBLE FIXED ASSETS

ITand EpiCentre Courtyard Outbuildings Garden Total
Equipment Centre Access
aC t—«é‘“orks =
£ £ £ £ £ £
Cost
At 1 April 2024 42,027 624,792 506,443 68,029 112,990 1,354,281
Additions - - - - - -
Disposals - - - - - -
At 31 March 2025 42,027 624,792 506,443 68,029 112,990 1,354,281
Depreciation
At April 2024 24,834 468,491 291,866 48,326 55,283
Charge foryear 2,579 6,765 11,293 1,036 3,037 24,710
Disposals - - - - - -
At 3] March 2025 27,413 475,256 303,159 49,362 58,320 913,510
Net book value:
At 31 March 2025 14,614 149,536 203,284 18,667 54,670 440,771
At31March2024 17,194 156,301 214,577 19,703 57,707 465,482

The Farm buildings which were built before 31 March 1996 were not capitalised and as a result, 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 replacement value for insurance purposes of £4,526,443 (2024 — £4,500,000).

  1. FIXED ASSET INVESTMENTS
Total
£
Cost
At
 April 2024
Additions -
At 31 March 2025 ——100
Net book value:
At 31 March 2025 100
Net book value:
At31March2024 —~100

Page 18

14, STOCK

MEANWOOD VALLEY URBAN FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025

14, STOCK
2025 2024
£ £
Livestock on hand 6,363 5,504
Shop goods for resale 3,330 2,814
9,693 8,318
15. DEBTORS —-Amounts fallingduewithin one year
2025 2024
£ £
Tradedebtors 24,251 30,693
16, CREDITORS— Amounts fallingdue within one year
2025 2024
£ £
Accruals L135 13.252
17. RESTRICTED FUNDS
Balance MOVEMENT IN FUNDS Balance
i
1rey		 Incoming Resources Transfers al
31.3.25
resources expended
£ £ £ £ £
Capital
EpiCentre 153,224 - (6,573) - 146,651
Courtyard Centre
Outbuildings		 212,839
19,703		 -
-		 (10,945)
(1,036)		 -
-		 201,894
18,667
CCTV 474 ‘ (71) a 403
Play Area 2,547 - (109) - 2,438
PicnicTables 272 * (12) - 260
IT and Equipment 29 - {5) - 24
Education Equipment
Garden Access Works		 647
57,707		 :
-		 (103)
(3,037)		 -
-		 544
54,670
IT Upgrade 3,397 * (543) - 2,854
Income
N/E Wellbeing Youth Activity - 4,378 (4,378) - .
Playscheme
Education		 .
870		 4,911
$00		 (4,911)
(870)		 -
-		 -
500
Livestock 333 - (315) - 18
Robert Collins 525 170 : - 695
Site Improvement 4,688 - (4,688) - -
Hen House 809 - (592) - 217
Courtyard Improvement 2,361 1,000 (2,355) - 1,006
Education Internship Training 169 - (769) - -
Market Garden - 1,000 (1,000) - -
Leeds Digital Inclusion 928 - (48) - 880
HSBC 3,500 - - - 3,500
HarrisonPotterTrust - 9,920 (6,754) - 3,166
Lottery Community Fund - 15,000 - - 15,000
Mitchell Family Legacy = 6,500 (6,451) 5 49
HOOF/EpiCentre Reimbursement
Fencing		 -
-		 13,070
7,400		 (3,195)
-		 -
-		 9,875
7,400
465,622 63,849 (58,760) > 470,711

Page 19

MEANWOOD VALLEY URBAN FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

17. RESTRICTED FUNDS (Continued)

The capital restricted funds represent capital grants and contributions that the Farm 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 represent the extent to which the capital grants and contributions have not been written back,

The income restricted funds represent income that the Farm has received which is earmarked for specific projects. These include:

Page 20

MEANWOOD VALLEY URBAN FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025

18, STATEMENT OF CHANGES IN EQUITY

STATEMENT OF CHANGESOF CHANGESCHANGES IN EQUITY
2025 2024
£ £
Surplus/(deficit) for the financial year 1,524 (5,268)
Net increase/(decrease) in equity 1,524 (5,268)
Opening funds 563,469 $68,737
Closing Funds 564,993 563,469
Realised funds 564,993 563,469
Unrealised funds - -
564,993 563,469

Page 21

MEANWOOD VALLEY URBAN FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2025

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible Cash at Bank Other assets Total
fixed assets andinhand (liabilities)
£ £ £ £
Restricted Funds :
EpiCentre 146,651 - - 146,651
Courtyard Centre 201,894 - - 201,894
CCTV 18,667 - - 18,667
Outbuildings 403 - - 403
Play Area 2,438 - : 2,438
Picnic Tables 260 - - 260
IT and Equipment 24 - - 24
Education Equipment 544 - - 544
Garden Access Works 54,670 - - 54,670
IT Upgrade 2,854 - - 2,854
Education - 500 - 500
Livestock - 18 - 18
Robert Collins - 695 - 695
Hen House - 217 - 217
Courtyard Improvement - 1,006 - 1,006
Leeds Digital Inclusion - 880 - 880
HSBC - 3,500 - 3,500
Harrison Potter Trust - 3,166 - 3,166
Lottery Community Fund - 15,000 - 15,000
Mitchell Family Legacy - 49 - 49
HOOF/EpiCentre Refurbishment - 9,875 - 9,875
Fencing - 7,400 - 7,400
428,405 42,306 - 470,711
Unrestricted Funds : 12,306 47,603 34,373 94,282
440,71] 89,909 34,373 564,993

20. RELATED PARTIES

The Management Committee acting in concert are able to exercise control over the company and are accordingly together, the Controlling Party and individually, are related parties. No disclosures arise 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 company, MVUF Enterprises Limited. The company received a Gift Aid donation from this entity in the year totalling £64,138 (2024 - £38,901).

Page 22

MEANWOOD VALLEY URBAN FARM LIMITED

INCOME AND EXPENDITURE ACCOUNT

For the Year Ended 31 March 2025

31.3.25 31.3.24
£ £ £ £
NET INCOME FROM OPERATIONS
Delivery oftrainingand development 247,687 211,199
programme (see note 1)
Leeds City Council -
General grant 44,144 44,144
Education services 9,873 11,914
Grants, donations, and legacies 78,548 80,440
Café recharges 10,200 10,200
Events 2,673 5,076
Farm merchandise 2,215 1,176
Shop income 17,838 15,352
Bike sales 6,065 14,897
Livestock and produce 6,631 8,499
Interest received 2,361 4,523
Subscriptions 9,590 8,513
Visitors’ fees 43,155 40,549
Rental income 17,540 16,970
498,520 473,452
OVERHEAD EXPENSES
Business rates and rent 1,030 1,042
Water 1,290 2,640
Farm insurance 16,365 15,174
Gas 6,646 2,818
Electricity 12,421 9,657
Farm, other maintenance and tools 6,976 14,065
Depreciation offixed assets 2,276 2,617
~
47,004 48,013
Wages and salaries 395,596 349,077
Motorexpenses - 472
Travelling expenses 2,054 232
Telephone and internet 4,583 4,497
402,233 354,278
Carriedforward 449,237 498,520 402,291 473,452

This page does not form part of the statutory financial statements. Page 23

MEANWOOD VALLEY URBAN FARM LIMITED

INCOME AND EXPENDITURE ACCOUNT

For the Year Ended 31 March 2025

31.3.25 31.3.24
£ £
Brought forward 449,237 498,520 402,291 473,452
Stationery, computerand photocopier
Advertising		 8,482
382		 7,204
469
Training expenses 1,29] 1,546
Cleaning §,592 5,000
Sundry expenses 669 1,730
Education services 4,438 320
Reconnect+ - 1,776
Farm merchandise 2,139 -
Shop purchases 7,008 7,219
Bike parts 2,970 902
Livestockand produce 13,660 10,947
Events 459 557
Functions and free issues 245 321
Membership/plots 54 82
Accountancy and legal fees 5,459 7,554
~ 52,848 45,627
Total expenses 502,085 447,918
—_ 502,085 447,918
(DEFICIT)/SURPLUSONOPERATIONS (3,565) 25,534
Note 1
Delivery oftraining and development
programmes
Reconnect+ $70 39,665
Home Schooling Partnership 26,408 -
Hire ofEpiCentre 43,747 9,616
Community care - 67,824
HOOF projects 174,187 90,694
Forest Project 2,775 3,400
247,687 211,199

This page does not form part of the statutory financial statements. Page 24

MEANWOOD VALLEY URBAN FARM LIMITED

MANAGEMENT INFORMATION For the Year Ended 31 March 2025

31.3.25 31.3.24
£ £ £ BS
LIVESTOCKAND PRODUCE
REVENUE ACCOUNT *
Sales 6,631 8,499
Cost ofSales
Stock at 1 April 2024 5,504 5,573
Purchases 14,519 10,878
20,023 16,451
Stock at 31 March 2025 (6,363) (5,504)
(13,660) (10,947)
Surplus/(deficit) (7,029) (2,448)
SHOPACCOUNT *
Sales 17,838 15,352
Cost ofSales
Stock at 1 April 2024 2,814 2,255
Purchases 7,525 7,778
10,339 10,033
Stock at 31 March 2025 (3,331) (2,814)
(7,008) (7,219)
Surplus/(deficit) 10,830 8,133

Note:

Please note that the Income and Expenditure figures above are included separately in the Income and Expenditure Account on pages 23 and 24.

This page does not form part of the statutory financial statements. Page 25