for the Period Ended 30 November 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 November 2024
Directors
The director shown below has held office during the whole of the period from
1 December 2023
to
30 November 2024
The directors shown below have held office during the period of
23 May 2024
to
30 November 2024
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2024 | 2023 | |
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| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Distribution costs: |
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| Administrative expenses: |
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| Operating profit(or loss): |
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| Profit(or loss) before tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2024 | 2023 | |
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| Fixed assets | |||
| Tangible assets: | 3 |
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| Total fixed assets: |
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| Current assets | |||
| Debtors: | 4 |
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| Cash at bank and in hand: |
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| Creditors: amounts falling due within one year: | 5 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 November 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 November 2024
| 2024 | 2023 | |
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| Average number of employees during the period |
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for the Period Ended 30 November 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 1 December 2023 |
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| At 30 November 2024 |
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| At 1 December 2023 |
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| At 30 November 2024 |
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| At 30 November 2024 |
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| At 30 November 2023 |
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for the Period Ended 30 November 2024
| 2024 | 2023 | |
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| £ | £ | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Total |
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for the Period Ended 30 November 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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Sitopia Farm is a not for profit social enterprise. We are a modern, urban farm in London. We grow vegetables and flowers using organic, regenerative, and no-dig principles and sell direct to our local community, to chefs, and to florists. Through our farming and events, courses and community volunteering, we reconnect people to the soil, the joy of good food and flowers, and to each other. We live in a world shaped by food, a Sitopia. At the moment, we live in a bad Sitopia. Our food system is broken. The world is in the grip of multiple crises: the climate emergency; food poverty; diet-related mental and physical disease; and many of us feel totally disconnected from the natural world. We're on a mission to change this. Good food is our religion. We have a vision of a world where the food we eat nourishes both people and planet. From our farm in South East London, we are creating a better Sitopia, where we reconnect people to the soil, to the joy of good food and flowers and to each other. With thanks to the generosity and vision of the landowners, the Woodlands Farm Trust, we grow on two acres on their wider farm. We are proudly female-led and have an entirely female team. Our Advisory Board is also 60% female and 40% BAME and our Directors are 67% female, 33% BAME. During December 2023-November 2024 we achieved the following: - expanded our hyper-local distribution network, with an expansion in coverage of our veg bag scheme and a significant increase in customers, now providing fresh organic vegetables to our local area all year round - grew c. 200-300 different crop varieties, producing tonnes of vegetables and 10s of 1000s of stems of flowers - provided food at subsidised rates to low income households and donated to community groups - approximately 70% sold within a few miles’ radius of the farm (majority on site/ within Greenwich and Bexley boroughs) - created a new local wholesale circular economy network, selling our produce to new customers and making use of their materials that would otherwise have gone to waste (flower buckets from florists, crates from veg customers) - delivery of 1788 hours of community volunteering at our weekly sessions on the farm with a diverse range of volunteers, creating community and enhancing physical & mental health, new skills development and healthier food behaviours - ran 7 food and flower day-long growing courses, training 66 people in organic horticulture and providing 24% places free to those on low incomes (targeted at ethnic minorities under-represented in horticulture) - started to develop a schools programme, including 3 trial activities delivered with 90 children with very positive feedback - hosted 15 team days reaching over 200 individuals from a wide range of organisations, including potential investors and decision-makers in global food policy, who came and learnt first hand about more agroecological farming methods and business models - expanded our team, creating new jobs and contributing to the local economy - successfully passed annual Soil Association inspection and organic status renewed - 300+ volunteers engaged - expanded our social media and newsletter followers by 1000+ - 1000+ visitors to farm - significant local/national media coverage - some of these activities were supported by generous grants from the City Bridges Trust, Naturesave and ReLondon
Sitopia Farm has diverse and multiple stakeholders. In its broadest sense our mission is to change the food system, which affects everyone. In seeking to model what can be achieved in a short time scale, we are also seeking to influence others to support or create similar farms elsewhere. We work closely with the Woodlands Farm Trust, the landowners, and meet regularly to share concerns and plan joint activities. One of our Directors also sits on the Woodlands Farm Trust Board which meets monthly. This means that we support the wider board and specifically help on fundraising, seek to link in with other activities and signpost volunteering opportunities and volunteer at their events. We also consult with them on our activities on a frequent basis. Our more visible engagement is with our local stakeholders: those living near the farm who buy our produce, who visit our farm, whose children attend schools or local community projects who we have hosted or donated food to, those who donate their time to volunteer at the farm. Specifically one of the key benefits of having a monthly on-site pop up shop through much of the year allows us direct face to face conversations with our customers and local people. We also engage heavily through our social media channels, in particular through Instagram where most posts receive significant positive follower interaction. Rather than formal consultations at this stage we seek in all we do to engage closely with our community and seek feedback where relevant on our produce and activities. This year we also undertook monitoring and evaluation work with those who attended our growing courses and team days, which has helped us to continually improve our offering. We have also spoken and presented publicly about our work on various panels/ events and hosted a number of visitors for tours including councillors and officers from Greenwich and Newham councils.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
31 March 2025
And signed on behalf of the board by:
Name: Ms Chloe Georgina Dunnett
Status: Director