Mr R Saffery The Garden Gate Project Ltd. c/o 41 Warten Road Ramsgate Kent CT11 8BJ
PRIVATE & CONFIDENTIAL
Our Ref: AC/SB/G260
31 October 2022
Dear Mr Saffery,
The Garden Gate Project Ltd - Accounting period ended 31 March 2022
Further to the completion of the charity accounts the following documents have been uploaded for your review:
-
The financial statements of the Charity for the accounting period ended 31 March 2022. I shall be grateful if you will check the figures and, if you are happy that they are accurate, then please mark the accounts as approved by the Board of Trustees.
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Corporation Tax form CT600 for the accounting period ended 31 March 2022, together with a copy of the corporation tax computations which support the figures in the return. By approving the CT600 you are authorising us to submit the Return and accounts to HMRC.
There is no Corporation Tax liability.
- As this completes our work for this year, a note of our charges for your kind attention in due course.
If you have any queries in relation to the above or any other matter, please do not hesitate to contact me or Kira Debling.
Yours sincerely
Andrew Cannon
¢spuRLING ••CANNON Chartered Certifi'ed Accountant5 INVOICE Invoic8 Date 31 Oct 2022 Spurling Cannon 424 Margale Road Ramsgate England CT12 6SJ UNITED KINGDOM 01843 848383 The Garden Gate Project Ltd 41 Warten Road RAMSGATE Kent CT118BJ GBR Account Number G260 Invoice NLwnber INV-57495 VAT Number 825666895 Deption VAT Arnount GBP Prep8r8tion of Charity acunts, CT600 & Independent examineis report for the year ended 31 Marth 2022 20° 1,000.00 Subtotal 1,000.00 TOTAL VAT 200.00 TOTAL GBP 12lXI.00 Du8 Data.. 14 Nov 2022 CredillDebit r8rd payments accepted BACS payments direct lo.. Spuiling Cannon Ltd Account No.. 32840160 Sort Code.. 30-9&93 Please use your acoounvinvoice number as a reference Cheques to be made payable to'spurling Cannon Limiled, VISA E[AN Company Regisir41ion No". 04887524. Rl$lere0 Offi¢e." 424 Margate Road. RaMale. Eng18nd, CT12 6SJ. United Kingdom.
REGISTERED COMPANY NUMBER: 03753908 (England and Wales) REGISTERED CHARITY NUMBER: 1082954
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
THE GARDEN GATE PROJECT LTD.
Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ
THE GARDEN GATE PROJECT LTD.
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
THE GARDEN GATE PROJECT LTD.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. 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
a. POLICIES AND OBJECTIVES
The objectives of the Charity are to promote the preservation and safeguarding of mental health and the relief of persons suffering from mental disorders in association with the National Association of Mental Health. The charity also provides support for adults with learning disabilities. The Trustees have an agreement with Kent County Council to provide day support services.
b. ACTIVITIES FOR ACHIEVING OBJECTIVES
Our funding comes from the Garden Gate facility in Cliftonville. This now runs with regards to direct payments and outside resources ie. private donations, fund raising and grant applications.
ACHIEVEMENT AND PERFORMANCE
a. KEY FINANCIAL PERFORMANCE INDICATORS
As an organisation, when reviewing the activities we currently undertake, we consider activities that reflect two needs - those of the service participant and those of the charity.
The charity has endeavoured to operate services which are purposeful for those who participate, striving to improve well-being and the fulfilment of some aspirations of participants, whilst aiming to become a self-sufficient charity in a declining economic climate.
b. REVIEW OF ACTIVITIES
During the year the Garden Gate (GG) made a profit of £4,297.99. This compares to a profit the previous year of £2,068.60. It should be noted that the previous year's accounts were severely affected by the Covid pandemic.
Total income this year was almost £29,700 greater than last year. Whilst the GG did not receive any furlough income, this was more than compensated for by (i) over £13,000 additional income as a result of additional clients (ii) an increase in donations and grants of £7,900 and (iii) over £13,000 income from the Kickstarter Scheme which is a government-funded initiative to allow businesses to employ 16 to 24 year-olds on Universal Credit who face the risk of long-term unemployment.
Expenditure this year increased by almost £27,500 of which over £24,000 was additional employee related costs - both for staff directly employed by the GG and those subcontracted for work. This increase in costs is due to (i) the additional clients mentioned above (ii) employing staff on the Kickstarter scheme and (iii) pay rises in an attempt to keep pace with inflation. The balance of the additional expenditure is spread across a whole host of cost categories; none of which are material.
This profit of £4,297.99 means that the GG has total reserves as at the 31st March 2022 of £141,976.11. £4,118.29 of these reserves is funding remaining from the Global Giving Fund which provided money for solar panels. During the year solar panels costing a total of £2,295.76 (including minor associated costs). This cost was capitalised in the accounts which means, simply, that the cost is spread over a four-year or 48-month period i.e. a monthly charge for 4 years of £47.83. The charge in this year's accounts was just £239.14 (5 months) leaving £2,056.62 to be charged in future years. Even when this has been fully charged to the accounts there will still be a balance of £2,061.67 (£4,118.29 less £2,056.62) available for additional panels.
In summary:
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The GG continues to generate more income each year than it expends.
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These annual profits are not excessive. For example, the £2,068.60 profit in 20/21 and the £4,297.99 profit in 21/22 are equivalent to 2.41% and 3.72% respectively of the annual income. This is how it should be as, unless there are major approved projects in a year which could significantly reduce the reserves, the money received by the GG each year should be used for the benefit of its clients.
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The annual profits have incrementally increased the GG's reserves to almost £142,000 and, at some point, the GG should consider the best means of utilising this money (or a part of it) for the benefit of its clients.
Page 1
THE GARDEN GATE PROJECT LTD.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03753908 (England and Wales)
Registered Charity number
1082954
Registered office
424 Margate Road Westwood Ramsgate Kent CT12 6SJ
Trustees
Ms V M Baker N M Batterbee Ms S L Bigg T J Clarke (resigned 5/4/2021) Ms A L Nichols R Saffery K Harrison J Nestling
Independent Examiner
Andrew Cannon FCCA Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ
Approved by order of the board of trustees on 30 November 2022 and signed on its behalf by:
R Saffery - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GARDEN GATE PROJECT LTD.
Independent examiner's report to the trustees of The Garden Gate Project Ltd. ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
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:
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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
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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
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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.
Andrew Cannon FCCA Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ Date: .............................................
Page 3
THE GARDEN GATE PROJECT LTD.
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 113,331 Other trading activities 2 2,328 Total 115,659 EXPENDITURE ON Raising funds 67,805 Charitable activities Events 42,758 Total 110,563 NET INCOME/(EXPENDITURE) 5,096 Transfers between funds 10 19 Net movement in funds 5,115 RECONCILIATION OF FUNDS Total funds brought forward 132,743 TOTAL FUNDS CARRIED FORWARD 137,858 |
Restricted funds £ - - - - 798 798 (798) (19) (817) 4,935 4,118 |
2022 Total funds £ 113,331 2,328 115,659 67,805 43,556 111,361 4,298 - 4,298 137,678 141,976 |
2021 Total funds £ 78,906 7,057 85,963 54,307 29,587 83,894 2,069 - 2,069 135,609 137,678 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
THE GARDEN GATE PROJECT LTD.
BALANCE SHEET 31 MARCH 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 2,403 CURRENT ASSETS Debtors 8 1,303 Cash at bank and in hand 136,023 137,326 CREDITORS Amounts falling due within one year 9 (1,871) NET CURRENT ASSETS 135,455 TOTAL ASSETS LESS CURRENT LIABILITIES 137,858 NET ASSETS 137,858 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 2,057 - 2,061 2,061 - 2,061 4,118 4,118 |
2022 Total funds £ 4,460 1,303 138,084 139,387 (1,871) 137,516 141,976 141,976 137,858 4,118 141,976 |
2021 Total funds £ 3,835 1,005 134,670 135,675 (1,832) 133,843 137,678 137,678 132,743 4,935 137,678 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
The notes form part of these financial statements
continued...
Page 5
THE GARDEN GATE PROJECT LTD.
BALANCE SHEET - continued 31 MARCH 2022
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 30 November 2022 and were signed on its behalf by:
R Saffery - Trustee
The notes form part of these financial statements
Page 6
THE GARDEN GATE PROJECT LTD.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
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.
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.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
THE GARDEN GATE PROJECT LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Other incoming resources | 2,328 | 1,144 |
| Furlough income | - | 5,913 |
| 2,328 | 7,057 | |
| NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2022 £ 1,671 |
2021 £ 993 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| Operational staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 78,906 Other trading activities 7,057 Total 85,963 EXPENDITURE ON Raising funds 53,617 Charitable activities Events 28,842 Total 82,459 |
2022 7 Restricted funds £ - - - 690 745 1,435 |
2021 4 Total funds £ 78,906 7,057 85,963 54,307 29,587 83,894 |
|---|---|---|
continued...
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THE GARDEN GATE PROJECT LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | funds | funds | |||
| £ | £ | £ | |||
| NET INCOME/(EXPENDITURE) | 3,504 | (1,435) | 2,069 | ||
| Transfers between funds | 750 | (750) | - | ||
| Net movement in funds | 4,254 | (2,185) | 2,069 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 128,489 | 7,120 | 135,609 | ||
| TOTAL FUNDS CARRIED FORWARD | 132,743 | 4,935 | 137,678 | ||
| 7. | TANGIBLE FIXED ASSETS | ||||
| COST | Plant and machinery £ |
||||
| At 1 April 2021 | 17,017 | ||||
| Additions | 2,296 | ||||
| At 31 March 2022 | 19,313 | ||||
| DEPRECIATION | |||||
| At 1 April 2021 | 13,182 | ||||
| Charge for year | 1,671 | ||||
| At 31 March 2022 | 14,853 | ||||
| NET BOOK VALUE | |||||
| At 31 March 2022 | 4,460 | ||||
| At 31 March 2021 | 3,835 | ||||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Prepayments | 2022 £ 1,303 |
2021 £ 1,005 |
|||
continued...
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THE GARDEN GATE PROJECT LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Social security and other taxes Accrued expenses |
2022 £ 671 1,200 1,871 |
2021 £ 632 1,200 1,832 |
|---|---|---|
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds KCC Wood Burner Fund Global Giving Fund TOTAL FUNDS Net movement in funds, included in the above are as Unrestricted funds General fund Restricted funds KCC Wood Burner Fund Global Giving Fund TOTAL FUNDS |
At 1/4/21 £ 132,743 578 4,357 4,935 137,678 follows: |
Net movement in funds £ 5,096 (559) (239) (798) 4,298 Incoming resources £ 115,659 - - - 115,659 |
Transfers between At funds 31/3/22 £ £ 19 137,858 (19) - - 4,118 (19) 4,118 - 141,976 Resources Movement expended in funds £ £ (110,563) 5,096 (559) (559) (239) (239) (798) (798) (111,361) 4,298 |
|---|---|---|---|
continued...
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THE GARDEN GATE PROJECT LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1/4/20 in funds £ £ Unrestricted funds General fund 128,489 3,504 Restricted funds KCC Wood Burner Fund 1,322 (744) Bike Club 750 - Global Giving Fund 5,048 (691) 7,120 (1,435) TOTAL FUNDS 135,609 2,069 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 85,963 Restricted funds KCC Wood Burner Fund - Global Giving Fund - - TOTAL FUNDS 85,963 |
Transfers between At funds 31/3/21 £ £ 750 132,743 - 578 (750) - - 4,357 (750) 4,935 - 137,678 Resources Movement expended in funds £ £ (82,459) 3,504 (744) (744) (691) (691) (1,435) (1,435) (83,894) 2,069 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds KCC Wood Burner Fund Bike Club Global Giving Fund TOTAL FUNDS |
At 1/4/20 £ 128,489 1,322 750 5,048 7,120 135,609 |
Net movement in funds £ 8,600 (1,303) - (930) (2,233) 6,367 |
Transfers between funds £ 769 (19) (750) - (769) - |
At 31/3/22 £ 137,858 - - 4,118 4,118 141,976 |
|---|---|---|---|---|
continued...
Page 11
THE GARDEN GATE PROJECT LTD.
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds KCC Wood Burner Fund Global Giving Fund TOTAL FUNDS |
Incoming resources £ 201,622 - - - 201,622 |
Resources Movement expended in funds £ £ (193,022) 8,600 (1,303) (1,303) (930) (930) (2,233) (2,233) (195,255) 6,367 |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 12
THE GARDEN GATE PROJECT LTD.
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Daycare income Other trading activities Other incoming resources Furlough income Total incoming resources EXPENDITURE Raising donations and legacies Wages Social security Pensions Other trading activities Purchases Tools and equipment Maintenance Charitable activities Insurance Events Postage and stationery Subcontractors Depreciation of tangible fixed assets Support costs Management Sundries Human resources Training Total resources expended Net income |
2022 £ 16,016 13,368 83,947 113,331 2,328 - 2,328 115,659 53,380 7,096 696 61,172 4,410 489 1,734 6,633 1,656 1,244 1,028 32,934 1,672 38,534 4,826 196 111,361 4,298 |
2021 £ 8,085 - 70,821 78,906 1,144 5,913 7,057 85,963 41,678 3,642 - 45,320 3,613 1,024 4,181 8,818 1,302 555 500 23,385 993 26,735 3,021 - 83,894 2,069 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13