REGISTERED COMPANY NUMBER: 02740034 (England and Wales)

REGISTERED CHARITY NUMBER: 1014216

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

FREIGHTLINERS FARM LIMITED

(A COMPANY LIMITED BY GUARANTEE)

Page

Report of the Trustees

1

to

7

Independent Examiner's Report

8

Statement of Financial Activities

9

Balance Sheet

10

to

11

Notes to the Financial Statements

12

to

19

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The objects of the charity are:

- Improve quality of life particularly for those most in need;

- Promote community participation, education and skills development;

- Promote caring, nurturing and respect for others, the natural and built environment and all living things within the London Boroughs of Islington, Hackney, Haringey, Camden and their environs.

The charity's aims including the changes or differences it seeks to make through its activities.

The charity aims to achieve the above objectives by means of:

- providing access to a city farm for the local people and beyond;

- associating with the local authorities, voluntary organisations and inhabitants in a common effort to provide facilities in the interest of social welfare for recreation and other leisure time occupations;

- providing learning opportunities covering agriculture, horticulture, home crafts, country life, the natural environment and related subjects;

- educating people in the care and consideration for all animals particularly animals in need of care and protection. For these purposes to care for and exhibit animals in common agricultural and domestic use and rare breeds of farm animals so that the public will have a greater awareness of and appreciation for such animals;

- providing a rural type of outdoor environment in the inner city which enables urban people to access a little bit of the countryside; and

- demonstrating social, economic and environmental sustainability through modelling of practices, use of technology, fair access, enterprise and involvement.

In setting our objectives and planning our activities, the Trustees have given careful consideration to the Charity Commission's guidance on public benefit.

Summary of the main activities of the charity in relation to its objects

The diverse range of activities which are carried out by the Farm include project work, commissioned services, social enterprise and ongoing development work. In pursuit of its stated objectives, the charity's activities can be classified according to the aims of individual pieces of work as follows:

- Community support by providing facilities in the interest of social welfare for therapy, recreation and other leisure time occupations;

- Education by providing training and learning opportunities;

- Environmental awareness by providing facilities to improve appreciation, consideration and care for all animals and their habitats; and

- Social enterprise by providing unique opportunities for local people, developing educational food programmes, and supplying local goods and services in an accessible manner and at a reasonable cost.

Public benefit

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

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Throughout 2024-25 Freightliners Farm continued to provide a vibrant and inclusive community green space, welcoming schools, families, volunteers, community groups and local residents. Despite continued financial pressures affecting charities and local communities, the Farm remained committed to providing opportunities for people of all ages and backgrounds to connect with nature, animals, food growing and the environment. Farm trustees, staff and volunteers focused on work with our partners and supporters to provide and secure the resources required throughout the year and into the next to ensure the farm space and services continued to meet the needs of the community.

The Farm delivered educational programmes, holiday activities, volunteering opportunities, therapeutic sessions, vocational learning and community events which improved wellbeing, developed skills and increased access to nature for people living in one of London's most densely populated boroughs.

We are happy to report that as the new gardens mature the space becomes ever more green and biodiverse which is testament to the dedication and skill of our garden and site team. Visitors to the farm regularly comment on the feeling of relaxation they gain from walking around the site and are grateful to get away from the hustle and bustle of the busy London streets. The farm was once again awarded Gold for our Community Garden and recognised as Outstanding through the In Your Neighbourhood RHS scheme.

Access to the outdoors, nature and play

The Farm continued to provide an essential and unique green space where children, families and local residents could experience animals, gardens and nature.

Educational visits remained a core service in high demand. During the year the Farm hosted 86 school and organised group visits from 45 centres, engaging 1,921 children in practical countryside and environmental learning. Activities included farm tours, candle making, felt making, sheep shearing demonstrations, farming enrichment activities and seed sowing workshops. Schools from across Islington and the wider London area took part in the guided programme with many more local community groups nurseries and SEN provisions visiting on a self-guided visits. Over the year there were notable increases in local childcare providers bringing children to the farm regularly and also in the number of schools visiting from the adjoining borough of Haringey which does not have a City Farm.

Feedback from schools is highly positive with many schools and teachers returning year after year. One teacher commented:

"The children learn a lot and look forwards so much to the sheep shearing, we come every year."

The Farm also delivered a wide range of family and community activities throughout the year including out of school hours learning sessions during the school holidays,farm crafts, nature activities, storytelling sessions and community celebrations.

A parent attending family activities commented:

"We love coming to the farm and meeting the animals, it's a special activity for my children."

Over the year we have also seen an increase in use of the space by adult visitors enjoying a break from the office or working at home or finding a reason to get out and about in a tranquil space both together with friends and family or as a quite individual activity.

Children and young people's involvement

Young people have been central to the Farm's mission since its start and in partnership with Islington Council the Farm is proud to continue to place young people and their development at our core.

The Young Farmers Programme supported 41 young people through practical experience in animal care, horticulture, environmental management and community participation. The programme enabled participants to gain confidence, develop practical and work skills and contribute positively to their local community. They were also able to gain accreditation for learning and volunteering through school, and college courses and schemes such as Duke of Edinburgh Awards.

Young people consistently highlighted the value of the Farm as a supportive and welcoming environment.

One Young Farmer commented:

"I enjoy coming every week, it's a chance to get out and do something completely different from school and the rest of the week. I find it relaxing."

Another participant said:

"Thanks for the opportunity to complete my volunteering for my Duke of Edinburgh Award."

The Farm also delivered two oversubscribed week-long Summerversity courses Animal Care and City Farm Work Experience in partnership with Islington Council and Isledon, enabling 36 young people to participate in intensive practical learning experiences.

One participant reflected:

"I had a great time on the Summerversity course and wanted to keep involved in the farm to gain more skills and knowledge and to contribute to the farm for the community. I think it will be good for my CV."

Greater recognition of the support needs of a growing number of young people who grew up through the Covid-19 pandemic and live in a highly visible and digitally connected world has led to an increase in demand for nature based activities. The farm has aimed to continue and expand inclusive opportunities for neurodiverse children and young people and those with special educational needs. We have focused on meeting specific individual needs through all our children and young people's programmes and continued to develop the use of the farm in supporting local SEN Schools and provisions. The Trustees recognise that the increasing level of need for support places additional pressures on the Farm's staff and a need for further training, support and resources.

This year regular SEN programmes were delivered for groups from Swiss Cottage, Southover and Samuel Rhodes. During the year 31 students took part in specialist sessions, benefiting from regular weekly or bi-weekly engagement with animals, horticulture, outdoor learning and therapeutic nature-based activities. Through these sessions young people are able to progress with their personal development and education.

A School Learning Mentor fed back to Farm Staff the growth in confidence they noticed in a pupil over the year:

'I can't believe this is the same young person who could ran away from every space and animal on their first day and now they are feeding the sheep, holding the chickens and mucking out the cows.'

A lead teacher from another school commented:

"These sessions are so good for our students."

Inclusive volunteering and farming activities

The Farm continued to benefit from the commitment and enthusiasm of its volunteer community including volunteers who have supported the farm over many years. During the year 21 adults (including 7 people over 60 and 11 people with disabilities or long-term health conditions) volunteered regularly alongside 41 Young Farmers. Volunteers contributed to animal care, horticulture, site maintenance, administration, events and community activities, helping to maintain the Farm as a welcoming and accessible community resource. The Farm also hosted a monthly evening volunteering programme, attracting 14 regular attendees who provided much needed labour to maintain the farm and garden whilst enjoying time outdoors, with the animals and meeting new people. A volunteer explained their motivation:

'I've brought my children to the farm and know how much they love it and I saw how much there was to do when I took part in a corporate team day and I enjoyed being outside doing something different from my work so I wanted to get involved and help out on a more regular basis.'

Thanks to a grant from the North London NHS Forensic Consortium 8 people supported by the Community Mental Health Team took part in weekly animal assisted therapy and farming activity sessions. NHS staff and regular participants reported that the sessions were valued, looked forwards to and enjoyed. One participant commented

'Being with the animals is calming and I like looking after them, it gets me out of the house.'

Volunteering and therapeutic farming opportunities contributed significantly to wellbeing, social inclusion, skills development and community engagement while supporting the ongoing maintenance and development of the Farm.

Site developments and improvement

This year several areas of the farm needed refurbishment. The Big Green Give Match appeal provided funding to improve the hedgerow, rebuild fencing around the paddocks, increase pollinator friendly planting and rebuild garden beds. A Tesco Bags of Help Golden Grant and BUPA Foundation grant also contributed to funding essential work on the garden and animal housing to provide farm spaces for children's activities. We carried out renovation works with Summerversity students giving them a chance to gain skills in construction and landscaping utilising old fencing rails to build garden beds, a staircase and housing for pigeons and hens.

We worked with Cally Energy and Scouts of America to put in infrastructure to measure and share our excess energy produced by the Farm solar panels locally and provide an income stream. The scouts were also keen to get involved practically with the farm. A group volunteered to clear the hedgerow of dead wood and litter and are planning a project to carry out more improvements in 2026.

Corporate volunteering continued to provide valuable support to the Farm throughout the year. Teams from businesses contributed practical assistance across the site. In total, 339 corporate volunteers supported maintenance, horticulture, animal accommodation improvements and environmental projects, helping the Farm remain an attractive and accessible community resource whilst enabling participants to engage with environmental and community action. We would like to thank the volunteers, companies and partner organisations The Big Alliance, Matchable and Be on Hand for making these days happen.

Rare breeds and other animals

During 2024-2025 the Farm was pleased to be able to reestablish our collection of rare breed chickens. We successfully hatched and grew on some lovely Orpington chickens including a very impressive Black Orpington Cockerel. The Black Orpington has its history in Islington first being shown and recognised as a breed at the Royal Agricultural Halls, now the Business Design Centre. Wellsummer and Cream Legbar hens from a respected breeder were raised from chicks by a local nursery and joined the flock as our new laying group. These hens lay unusual blue-green and chestnut brown speckled eggs. The arrival of a group of ex-racing pigeons in need of a new home means we also have a new domestic species on the Farm although it is already home to their wild cousins.

All the animals continue in their therapeutic and educational roles providing non-judgemental companionship and hands-on learning opportunities. Visitors and volunteers are able to learn skills in animal care and husbandry which would not otherwise be available to city people and to develop a practical understanding of animal welfare and conservation.

The farm's wild residents also continued to excite and engage people of all ages. The fox family have been a very visible presence this year along with an increasing number of parakeets. The farms wild flora and fauna is doing well with many garden birds and butterflies spotted by visitors and volunteers during the annual RSPB and Butterfly Conservation counts as well as some beautiful dragon and damson flies.

Fundraising and social enterprise

Fundraising and income generation have been major concerns during the year in an increasingly difficult funding climate. Work focused on securing a significant multi-year grant from the City Bridge foundation alongside smaller grants to deliver activities requested by local community such as younger children's sessions. Staff time has also been dedicated to the delivery of income generating and self-funding charitable activities such as schools' programmes, alternative provision support and corporate team days.

Expected income from corporate teams was significantly reduced in year as a result of cancellations because of transport strikes particularly at the end of the year. In a tough financial period, this resulted in a shortfall on budgeted income and contributed to the deficit in financial activities. We are happy that most of the booked groups were able to rebook later in the calendar year and that the income is delayed rather than lost.

Trustees remain committed to developing diverse and sustainable income streams that support the delivery of charitable objectives.

The Big Give Green Match Appeal was once again popular and raised more than the target £10,000 plus gift aid. This year the funds are to support the farm's opening and essential services.

We would like to thank everyone who has supported the farm this year with donations, fundraising efforts and spreading the word about our appeals without this support the farm would not exist or be able to provide a much needed green space for the community.

Future plans and developments

Over the coming year we look forwards to providing access to a high quality city farm, tranquil green space and nature for our local community and building on our environmental and biodiversity programme. We hope to be able to share good news about the funding of our project application to the City Bridge Foundation. We aim to establish new opportunities for school aged children to get involved in farm life with the support of a grant from the BUPA Foundation.

We aim to strengthen the farm's financial stability through targeted grant fundraising, some new fundraising events and the further development of income generating services. We will use a more secure financial position to re-establish longer term strategic and financial planning and build staff and volunteer capacity following the uncertainty of recent years since the Covid-19 pandemic.

We will continue to build on our schools, education and therapeutic programmes with partner organisations including the London Borough of Islington, North London NHS Trust and local schools and community organisations.

FINANCIAL REVIEW

Financial position

The Statement of Financial Activities shows total income resources of £193,851 (2024: £206,520) whilst total outgoing resources of £209,057 (2024: £205,559) which resulted to a deficit of £15,206. (2024: Surplus - £961).

Fund balances at the year end stood at £102,532 (2024: £117,738) of which £22,928 (2024: £26,165) was unrestricted and £79,604 (2024: £91,573) was restricted.

Reserves policy

The Management Committee has established a policy whereby the restricted reserves equate to the net book value of certain company tangible fixed assets and that all other reserves are classified as unrestricted reserves. The Management Committee maintains the ambition to establish reserves of 3-6 months running costs, as recommended by the Charity Commission however financial challenges following the Covid-19 pandemic have resulted in a temporary depletion of reserves.

Availability and adequacy of assets of each of the funds

The Management Committee is satisfied that the charity's assets in each fund are available and adequate to fulfill its obligations in respect of each fund.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Nature of the Governing Document and constitution of the charity

The charity is controlled by its governing document, Memorandum and Article of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The organisation is a charitable company limited by guarantee, incorporated on 14th August 1992. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, each member is required to contribute an amount not exceeding £1.

Charity Website

https://www.freightlinersfarm.org.uk/

The organisational structure of the charity and how decisions are made.

Freightliners Farm Limited has a Management Committee that meets at least five times a year and is responsible for the strategic direction and policy of the charity. The Management Committee met bi-monthly (either on the farm or using remote video conferencing) to provide additional oversight and guidance considering financial pressures significantly impacting the farm's operations. At present, the Committee has five members from a variety of professional backgrounds relevant to the work of the charity, including people from the local area.

The major risks to which the charity is exposed and reviews and systems mitigate

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Management Committee has conducted its own review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks. Significant external risks to funding have led to the development of a strategic plan, which will allow for the diversification of funding and activities. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects, ensuring consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company Number

02740034 (England and Wales)

Registered Charity Number

1014216 (England and Wales)

Registered Office

Sheringham Road

London

N7 8PF

Trustees

O.S Robinson

M.Rowe

Thomas N Bailly - Appointed 24th July 2025

Laura Mackennon - Appointed 3rd October 2024

Sarah Victorisa Forrest - Resigned 31st December 2024

Company Secretary:

E McAllister

Chief Executive Officer:

E McAllister

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 15 September 2026 and signed on its behalf by:

T Bailly - Trustee

Independent examiner's report to the trustees of Freightliners Farm Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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

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

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A. Patel BA(Hons) FCA BFP

Prestons & Jacksons Partnership LLP

364 - 368 Cranbrook Road

Ilford

Essex

IG2 6HY

23 September 2026

30.9.25

30.9.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Grants and Donations

2

83,495

31,899

115,394

123,480

Charitable activities

4

Charitable Activities

78,457

-

78,457

83,013

Investment income

3

-

-

-

27

Total

161,952

31,899

193,851

206,520

EXPENDITURE ON

Raising funds

5

396

-

396

270

Charitable activities

6

Community Support

54,799

18,167

72,966

73,068

Education

50,216

8,516

58,732

56,475

Environment

33,728

9,494

43,222

42,796

City farming and visitor services

26,684

7,057

33,741

32,950

Total

165,823

43,234

209,057

205,559

NET INCOME/(EXPENDITURE)

(3,871

)

(11,335

)

(15,206

)

961

Transfers between funds

17

634

(634

)

-

-

Net movement in funds

(3,237

)

(11,969

)

(15,206

)

961

RECONCILIATION OF FUNDS

Total funds brought forward

26,165

91,573

117,738

116,777

TOTAL FUNDS CARRIED FORWARD

22,928

79,604

102,532

117,738

30.9.25

30.9.24

Notes

£

£

FIXED ASSETS

Tangible assets

13

71,602

77,924

CURRENT ASSETS

Debtors

14

39,039

55,943

Cash at bank

19,079

15,368

58,118

71,311

CREDITORS

Amounts falling due within one year

15

(27,188

)

(31,497

)

NET CURRENT ASSETS

30,930

39,814

TOTAL ASSETS LESS CURRENT LIABILITIES

102,532

117,738

NET ASSETS

102,532

117,738

FUNDS

17

Unrestricted funds:

General fund

22,928

26,165

Restricted funds:

Restricted Funds

79,604

91,573

TOTAL FUNDS

102,532

117,738

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 15 September 2026 and were signed on its behalf by:

T Bailly - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going Concern

The board of directors and management confirmed that they have secured sufficient fundings for the next foreseeable future. The charity received annual funding from the London Borough of Islington under agreements with Green Space and Children and Young People's Services, of which £42,000 is contracted for the year to 30th September 2027. In addition, three individual donors have indicated a willingness to provide emergency support, and the charity has historically been able to raise additional funds at short notice. The trustees have further reviewed a cash flow forecast for the twelve months from the date of approval and, having considered the reserves position and the timing of grant receipts, the Board consider it appropriate to prepare the accounts on a going concern basis.

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

Income

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

Voluntary income received by way of grants is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Donations are recorded as they are received.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.

Investment income is included when receivable.

Incoming resources from charitable trading activities are accounted for when earned.

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

Expenditure and irrecoverable vat

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estimated usage as set out in the notes to the accounts.

Tangible fixed assets

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

Short leasehold

-

2% on cost

Improvements to property

-

15% on cost

Fixtures and fittings

-

at varying rates on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Taxation

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

Fund accounting

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

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds are Unrestricted funds earmarked by the Management Committee for particular purposes.

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

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and Cash Equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

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

Pension costs

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

2.	GRANTS AND DONATIONS

30.9.25

30.9.24

£

£

Gift aid

9,139

5,500

Grants and Donations

106,255

117,980

115,394

123,480

Grants received, included in the above, are as follows:

30.9.25

30.9.24

£

£

Donations under £1,000

2,827

4,087

LB Islington Green Space and Leisure Division

32,000

32,000

LB Islington (Local Initiative Fund)

-

4,166

J&M Douglas

-

5,000

L Matlock

10,000

10,000

LB Islington Children's Services

9,959

9,831

The Co-op Community Fund

-

2,289

Robert McAllister

5,995

-

Anonymous

8,439

6,201

Benivity Charitable Giving

1,240

2,149

CAF

1,280

-

LB - Islington Community Investment Levy

-

20,000

The Beryl Evetts and Robert Luff Animal Welfare Trust

10,000

10,000

London Farm and Gardens Association (Worshipful Company of Farmers)

600

1,300

Big Give Green Match Fund

11,050

10,957

Tesco Bags of Help

5,000

-

Local Giving Donations

2,875

-

North London NHS Forensic Consortium (NLFC)

4,990

-

106,255

117,980

3.	INVESTMENT INCOME

30.9.25

30.9.24

£

£

Deposit account interest

-

27

4.	INCOME FROM CHARITABLE ACTIVITIES

30.9.25

30.9.24

Activity

£

£

Income from provision of goods and services

Charitable Activities

78,457

83,013

Grants received, included in the above, are as follows:

30.9.25

30.9.24

£

£

Education Income

45,425

50,641

Other Farm Income

33,032

32,372

78,457

83,013

5.	RAISING FUNDS

Raising donations and legacies

30.9.25

30.9.24

£

£

Fundraising Costs

396

270

6.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 7)

Totals

£

£

£

Community Support

53,015

19,951

72,966

Education

43,757

14,975

58,732

Environment

31,630

11,592

43,222

City farming and visitor services

25,144

8,597

33,741

153,546

55,115

208,661

7.	SUPPORT COSTS

Governance

Management

costs

Totals

£

£

£

Community Support

18,966

985

19,951

Education

13,861

1,114

14,975

Environment

10,929

663

11,592

City farming and visitor services

8,059

538

8,597

51,815

3,300

55,115

8.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.9.25

30.9.24

£

£

Depreciation - owned assets

6,322

6,323

Independent Examiners Fees

3,300

2,700

9.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.

10.	STAFF COSTS

30.9.25

30.9.24

£

£

Wages and salaries

150,035

151,855

150,035

151,855

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

30.9.25

30.9.24

Engaged on Charitable Activities

6

4

Engaged on administration and management

1

1

7

5

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

11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR 30 SEPT 2024

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Grants and Donations

81,532

41,948

123,480

Charitable activities

Charitable Activities

83,013

-

83,013

Investment income

27

-

27

Total

164,572

41,948

206,520

EXPENDITURE ON

Raising funds

270

-

270

Charitable activities

Community Support

64,629

8,439

73,068

Education

45,494

10,981

56,475

Environment

30,556

12,240

42,796

City farming and visitor services

23,835

9,115

32,950

Total

164,784

40,775

205,559

NET INCOME/(EXPENDITURE)

(212

)

1,173

961

Transfers between funds

1,622

(1,622

)

-

Net movement in funds

1,410

(449

)

961

RECONCILIATION OF FUNDS

Total funds brought forward

24,755

92,022

116,777

TOTAL FUNDS CARRIED FORWARD

26,165

91,573

117,738

12.	KEY MANAGEMENT PERSONNEL

Key Management Personnel is considered to be the CEO and the Board of Trustees. The CEO's gross remuneration was £35,817 for the year ended 30th September 2025. (30th September 2024 - £34,511)

13.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

leasehold

property

fittings

Totals

£

£

£

£

COST

At 1 October 2024 and 30 September 2025

95,922

8,126

70,694

174,742

DEPRECIATION

At 1 October 2024

50,424

2,260

44,134

96,818

Charge for year

1,918

1,232

3,172

6,322

At 30 September 2025

52,342

3,492

47,306

103,140

NET BOOK VALUE

At 30 September 2025

43,580

4,634

23,388

71,602

At 30 September 2024

45,498

5,866

26,560

77,924

14.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

29,120

35,804

Other debtors

1,379

179

Prepayments and accrued income

8,540

19,960

39,039

55,943

15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

8,699

13,873

Social security and other taxes

14,023

11,793

Other creditors

1,166

2,831

Accrued expenses

3,300

3,000

27,188

31,497