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 2024 FOR THE CARDEN GATE PROJECT LTD. Spurling Cannon Chartered Certified Accountants 424 Margale Road WL%tw(iod Ranisgate Kent CT12 6SJ
THE GARDEN GATE PROJECT LTD. CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent ExAMlller's Report Statement ot. Flnanclal Actlvltles Balanee Sheet Notes to the Flnanclal Statement5 8 to 13
THE GARDEN GATE PROJECT LTD. (REGISTERED NUMBER: 03753908) REPORT OF THE TRUSTEES FOR I'HL YEAR ENDED 31 MARCH 2024 The Irustees who are also directors of the cliarity for th¢ purtK)5es of the Compaiiies Act £006, present their report with the financial slalemenls of the charit), for the year ended 31 March 2024. The trustees have adopted ihe provisions of Accounling and Reporting by C,harilie%.' StutcmLnl ot Recoinm¢ndLd PrdLtiLL appliLdblL to Lharitie% prLparing theii- dccuunt% in aLLordanLe Wlth tlie FinanLidl Reporting Standard applicable in the UK and Republic ofTreland (FRS 1021 (effective l Jaiiuary 2019). OBJECTIVES AND ACTIVITIES a. POLICIES AND OBJECTIVES Tlic objcctivcs of thL C"'harity arc to promotL thc priscrvalion and safcouarding of mLntal health and thc rclicf of PLrsons suffering trom mental disorders in association with the Nalional Associalion of Mental Health. The charity also provides support tor adults with leaming disabilities. The Trustees have an agreement with Kent County Council lo provide day support services. b. AC'.TIVITIES FOR AC.HIEVING OBJECTIVES Our funding LOMLS froni Ihc (iardLn G&lL taeilily in CliftonvillL. This now runs with regards to direct paymLnts and outsidL fL'soufLCS ie. private donations. tiind raising and grani applicalion5. Page I
THE GARDEN GATE PROJECT LTD. (REGISTERED NUMBER: 03753908) REPORT OF THE TRUSTEES FOR I'HL YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE a. KEY FJNANCIAL PERFORMANCE INDICATORS As an organisalion, when reviewing ihe activities we currently undertake we consider activities Ihal reflect two needs sefviknL PLlrtiLipdnt und tho%L uf the Lhurily. Ibose of The charity has endeavoured to operate services which are purposeful for those who partiLipate, striving to improve well-being and th¢ fulfilinent ot. some a%piraTions of participants whilst aiining to be a self_5Utlicient charity in a difficiilt economic cliillate. b. REVIEW OF ACTIVITIES During the year tlie Garden Gale Project (GGP) made a protil ot £4,896.41 (2023 - £22,398.75). Tolal inconie for tlie year WdS £159,282.()9 (2023 - £163,()99.11) with expenditure ot'£1 54,386.28 {2023 £141.300.36). Total inconic for thL ycllr rcduLLd by £4,416 mainly duc to donations rcducino by £17,148. C'ILLnt inLomc, s4)Ics, grant inconic and bank interest all increased lo partly oflset this drop in tunding. Tot<il expendilure incref%%ed by £13,086 wliich 1% dttributuble lo increa%ed %tatting co%ts- some of which is due to tlie cost.% of one einployee bL'ing' pdrl-fundLd by a sraiii froin Groui)dwDrks. Reduced protits, reduced incorne and increased eKpenditure coimpared lo 2023 could be a cause t.or coiicem. However, wheii coiisidering the bottom-line it is clear that the profit of £22,399 was an ouilier and Ilie 2024 profLt is a reversion 10 mean. Fixed Asseis Sonie cJsls ar¢ Lapitalised wl)en sULh iosts are (i) signitlLai)i ai)d (li) are likely lo be of value oi'er a number of years. In aLLordance with GGP'S accouiiliiig, policies sucli COS are spread over four years. In the year ending 31 Miir¢li 2024, tlie Gdrdeii CJ¢lte ProjeLt buu¥hi a ¢vntdiner fur £2,%56. Tliib Lobt has been Lllpilllli%ed. Ai the end of th¢ year Ihe book value of fixed assets was £4,619.18, comprising of.. Wood Burner- purcliased Januarv 2021 Solar Panels purchased November 2021 Solar Pan¥1% - purih&%vd January 2023 Container - purchased Augusi 202.3 The lolal funds represenl the reserves available lo GGP al any point in lime. Such funds are eiiher reslricled or unreslricled. Reslricled fund% mu,4t bL' %punl fur a purtlLuldr purposL. ThL rLstriLtLd fund balunLL- dl IhL yL'ar LnLI WdS £2,690.(?O, whiLh 1% thL IOnLY remaining froin a grant by the Global Giving Fund to enable GGP 10 purchase solar paiiels. The total of all funds al the year end was £169,271.26 (2023 £164,374.R6) with the balance of £1 fi6.58Q.60 (2023 £160,8X6.46) being unreslricled. Summary The tsLiP Lonlinues lo generate more income than the expenditure it incurs. The profAI for the ye.ar of £4,896.41 represents a normal year of Irading wilh ihe 2021 profits be.ing an oiitlier. The GGP now has substantial reserves and has moved closer tD ils key financial aim ot being selt'_suificienl. STRIICTURE, COVERNANCE AND MANAGEMENT Govei'ning docuiiieiit Tlie iharily is controlled by its govLrning dociiinLllt, ll dcLd of trust, and LonstitutLs a limited Company, limitcd b). guarantLe, as delined by the Companies Act 2006. Page 2
THE GARDEN GATE PROJECT LTD. (REGISTERED NUMBER: 03753908) REPORT OF THE TRUSTEES FOR I'HL YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03753908 (England and Wales) Re£i5tered Charity number 1082954 Reglstered office 424 Margatc Road Weslwood Ramsgale Keiil C;T12 6SJ Trustees N M Batterbee M%SLBigg Ms A L Nichols R Saftery K Harrison Ms J Nestling (resigned 191912023) P C Burton Director (dppoinled 271412023) CompaJ)y Secretar N Condron Independent Exarniner Andrew Caniion Spurling Qunnon Charrered Certified Accounianls 424 Margale Road We%lwood Ranisgaie Kent CTI? 6SJ ApprovLd by urdcr ut"thL buurd of trustuus un 31 OLlubLr 2024 dnd %i¥nud on il% buhdlf by- R Saffery - Trustee Page 3
INDEPENDENT EXAIWINER'S REPORT TO THE TRUSTEES OF THE GARDEN GATE PROJECT LTD. Independent examiner's report to the trustees of The C#rden Gate Project Ltd. ('the Compg)ny') I report to the charity trustees ov] my exaillination of the accounts of the Coinpany for the year ended .31 March 2024. Re5ponsibilitie5 and bgsi5 of report As the charit} s Iruslees ol the Coinpany {aiid also ils directors for the purposes of company law) yOLi are responsible for Ilie prcpurutiun uf the acLuunt% in alLrdance with the requiremlt% uf thc Coinpunie% ALt 2006 ('thL 20U6 Act,). H&ving salisfi=d myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 ALt and are eligFibl¢ t.or independ¢iil examiiiatioii, I report iii respect of my examination of your charity's account5 a5 carried out under Section 145 of the C'harities Aci 2011 ('Ihe 201 l Act,). In carrying out my examinalion I have followed the Directions given by the C.harily Q'.ommission under ScLtion 145(51 (b) of the 201 I ALt. Independent examlner's stxtement I have completed my exdmiiialion. I contirm thal no malters have coine to my attentioii in Lonnection with the examiiiation gFiving7 Ine cause 10 belIee.. accoiinting records were not kepl in re5pecl ot. the c.ompany as reqiiired by Section 386 01. the 2006 Act. or the accounts do not acconl with thos¢ records; or the aceoiint,% do nol comply with the (ieenunlingT reqLiirement% of. Section 396 of the 2QQ6 Act other than iiny requirement tli&t tl)e acLountS gyle a rruL' and fair view whiLh is nul a nialic'r considered as part of an indL'pendent exaininarion. or the accounts have not been prepared in aLLordance with the methods and priiikniples of the Statement ()f Recon)meiided Practice for accouiiting and repoi1ing by charities (applicable to chariiies preparing> their accounts in ac¢ordanc¢ wilh th¢ Financial Reporting Standard applicable in the UK and Republic of Irelalld (FRS 102)). I have no concerns and hai.'e coine across no oiher rnaiiers in connection wilh Ihe examinaiion io which aiieniion should be drawn in this repon in order to enable a proper understanding of the accounts to be reached. Andrew Cannon Spurlin(F Cannon Cl)arlered Cerlified Accounlanis 424 MargatL Rodd Westwood Ramsgale Keiit CT12 6SJ Date.. Page 4
THE GARDEN GATE PROJECT LTD. STATEMELNT OF FINANCIAL ACTIVITIES FOR I'HL YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total fiinds Unrestricted lund Restricted funds INCOME AND ENDOWMENTS FROLWI Dondtion4 IcguLiL. 130,134 11.7S9 141.893 143,891 Other tradinu aLtivitic Total 17,389 1SY,2112 147 523 163,7UO EXPENDITURE OLN Rdl8ing fund 97,743 11,176 108,919 87,433 Chritable *ctivities Evenis Ttal 141 Y29 154 3R5 141302 NET INCOMEI{EXPENDITURE) 5,694 1797) 4,897 RECONCILIATION OF FUNDS Total tund% bi'ouulii forivard 160,886 3,488 164.374 141,976 TOTAL FUNDS CARRIED FORWARD 166 $80 169 271 164374 The notes fonn parl of iliese finaneial statements Page 5
THE GARDEN GATE PROJECT LTD. (REGISTERED NUMBER: 03753908) BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total fiinds Unrestricted lund Restricted funds FIXED ASSETS Tangiblc a%%Lt 3,095 1.524 4,619 3,%51 CURRENT ASSETS Debiors C.&%li at bunk ]d in hand 8,1144 158 799 167,643 8.844 162 308 171,152 3.509 3,509 160 8Y5 162,288 CREDITORS Amounts falliiig due within one year (4,158) {2J42} (6,500) {1,765} IYET CURRENT ASSETS 161,485 164 652 1605?3 TOTAL ASSETS LESS CURRENT LIABILITIES 166,580 2,691 169,271 164,374 NET ASSETS FUNDS UnrestriLted funds Resli'icled funds TOTAL FUNDS 166 $80 169 271 164 374 10 166,580 160,886 169271 Tlie Lharilable Lompanv is entiil¢d to exemplivn fr()In uudil under SeLlioii 477 ot the Cuinpanies ALt 2006 fvr the year elided I I March 2024. The meinbers have not required the coinpany lo obtain an audit of ils financial slalemenls for the year ended 31 March 2024 in aLLL)rduiiLL' with SLLIiL)n 476 of IhL' C(JinpuniLS ALI &OO(I. The In15tees acknowledge tlieir responsibilities t'or (a) ensuring that Ilie charitable coinpany keeps accounting records Ilial comply with Sections 386. and 387 of the Coinpanies Act 2006 dnd preparing financial sialements which give a Irue and fair view of the %iate of affairs of the charitable coinpany as al the end of each financial year and of its surplLlS or deficit for eaLh financial year in accordance with the requirements of Sections 394 and 395 aiid whicli otherwise coiiiply witli the requiremeiitb ol" the Companies Act 2n06 lating lo finaiicial statemen15, $0 far as applicable 10 Ihe charitable ¥ompany. (b) The notes fonn parl of iliese finaneial statements Page C) continued..-
THE GARDEN GATE PROJECT LTD. (REGISTERED NUMBER: 03753908) BALAIYCE SHEET- eontlnued 31 MARCH 2024 These financial statements have been prepared in aLcordanLe with the provisions appliLable lo charitable cotnpanies subject tt) the small compaiiies regime. The fiiiancial slateinents were approved by tlie Board of Truslees and authorised for issue on .3 l October 2024 and were signed on its behaifby.. R Saffery - Trustee The notes fonn parl of iliese finaneial statements Page 7
THE GARDEN GATE PROJECT LTD. P40TES TO THE FINANCI.4L STATEMEINTS FOR THE YEAR ENDED 31 MARLH 2024 ACCOUNTING POLICIES Basls of preparlng the financial statements ThL finunLial %tatcmLnt% of the Lliaritdble conipuny, whiLh 1% a public benefit Lntily under FRS 102, huve becn prep£Ld in accordance with the Charilies SORP (FRS 102) 'Accounting ai)d Reporting by Charilies- Sialeinent of Recoinm¢nded Practice applicable lo charities preparing their accounis it) aLcordance with the Financial Reporting Standard applicable in the UK and Republic of Jreland {FRS 102) (etlective l Janiiary 2019}', Financial Reporting Standard 102 'The Financial Reporiing Standard applicable in the UK and Republic of Ireland, and the C,ompaiiies Aet 2006. The financial slalements IiawL bccn prLparL'd undcr thc hisloriLal Lost LollvLntion. Incorne All incoille is recogFnised in tlie Stdtemenl ot Financidl Activities once ihe charity has eiititlement lo ihe fund%, it 1% pmbable that the income will be received and the amouni can be measured reliablj. Expenditure Liabilities are recognised as ¢xpenditure as soon as there is a legal or constructive obligation comtnitting the Charity lo thal expenililiire, il li probable that a tran%fer ot econoinic benefit% will be required in %eltlemenl and Ihe dmoiint of the ohl igpiilion cali bL Ineasured reliably. Expenditure is acLuuntL.d for on an accruals basis and has been classified uiider hL'<idingTS iliai ggregate all LOSI related to the category. Where costs Lannol be direLtIy attributed to particular headings they have been allocated to aclivilies on a basis consisl¢nt with th¢ use ot resoiirc¢s. T2nglble flxed assets Depreciaiion is proi'ided ai ihe following annual raies in order lo wriie off each assei over lis estimaied useful life. Plant and machinery 25 /th on cosi T4xation The L harily is exempt from corporation tax on ils charitable aLlivities. Fund &ccountlng Unre%lriLted fund4 Lan be u%¥d in LOrdance with the Lharildble L)bjeLtives ut the di%Lretion ot the trubtee4. Restricted funds can only be used for particular restricted Plirposes within the objects of the charity. Restrictions arise when specitied by the donor or when funds are Taised lor particular restricted purp05e5. FurthLr Lxpldnuliun uf thL' n(iturc' und purpuiL' uf LdL'li fund is inL'ludcd in ihL nulLS lo IhL' finanLiuI slaiL'inLnLs. Pension cosls And other post-retirement benefits The charitable coiiipJny operates L defined coiitribution pension scheine. Contributions payable to the charitsble company's pension scl)eme are charged lo Ihe Sialemeni of Financial Aclivili¢s in the period lo which Ih¢y r¢laie. Page 8 continued..-
THE GARDEN GATE PROJECT LTD. NOTES TO THE FINANCIAL STATEMENTS - continued FOR I'HL YEAR ENDED 31 MARCH 2024 OTHER TRADING ACTIVITIES 2024 2023 Fvndraising eveilts Other incoming resourLes 14,064 NET INCOMEI{EXPENDITURE) Net inLomel(expenditure) LS Stated after ehargiiigl(crediling): 2024 2023 Depreciation owned assets TRUSTEES, REMUNERATION ALND BENEFITS Tli¢r¢ wcrc iio ¢rust¢¢s' r¢illUii¢ratioii or othcr b¢n¢fi13 for th¢ y¢ar ¢iid¢d .31 Mai'¢h 2024 nor for tli¢ ycar ¢ndcd .31 Nlarcli 2023. Truslees, expenses There were no trustees, expenses paid for the year ended 31 Mai'ch 2024 nor for the year ended 31 MarLh 2023. STAFF COSTS The oierage monthly number of employees dLiring the year was as follows.. 2024 2023 Opcralional staff No employees reLeived emolLimenls in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrL%triLILd fund Rc4triLILd funds Totsl funds INCOMF. AND F.NDOIVMENTS FROM Dondlionb and ILg'aiics 137.789 6,102 143.891 Oiher trading activities TotAI 19 8119 147 598 19.8U() 163 700 EXPENDITURE ON Raisiiigv luiids 81,331 6,102 87,433 Charitabl¢ aitivitles Events Total 174,570 6,732 141J02 Page 9 continued..-
THE GARDEN GATE PROJECT LTD. NOTES TO THE FINANCIAL STATEMENTS - continued FOR I'HL YEAR ENDED 31 MARCH 2024 COMPARA TIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES - continued Unrestricted fund Restricted funds Totsl funds NET INCOMEI(EXPENDITURE) 23,028 (630} 22,39 REC'ULNCILIA'I'IUN Ub" TrUNDS Total funds brouglil forward 117.858 4,118 141,976 TOTAL FUNDS CARRIED FORWARD 160 886 164 374 TAIYGIBLE FIXED ASSETS Plant aiid machinery COST Ai l April 2023 Addition Al 31 MdrLh 1024 DEPRECIATION Al l April 2023 Charge for year Ai 31 Marcli 20?4 ET BOOK V.4LUE At 31 Marcli 2024 Al 31 Marih 2023 20,208 16,357 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 TradL dcbior Prepayinenls ACced incoin¢ 7.Q61 1,393 184 P¥AEe l O continued..-
THE GARDEN GATE PROJECT LTD. NOTES TO THE FINANCIAL STATEMENTS - continued FOR I'HL YEAR ENDED 31 MARCH 2024 CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 2024 2023 Trade ¢reditors Social security and other taxes Other creditors DLfLrrLd inLDniL Accrued expenses 1,286 1,213 309 2,342 565 1,200 MOVEMENT IN FUNDS Net Inovemenl iii I'und At 114123 3113124 Unrèstricted funds G¢n¢ral fund 160,880 5,694 166,580 Restricted funds Global Giving Fund 3,4118 1797) 2,691 TOTAL FUNDS 164 374 169 271 Nel movement in funds. included in the above are ab follows.. Incoining resnijru'es Resources expended Movement in fiinds Unrestrlcted funds General tund 147,523 (141,829) 5,694 Restl'iLted fund& Gi'oui)dwoi'ks Global Givin&y Fund KCC Community Coffee Mornings 11,381 (11,381) {797) (797) 378 11.759 159 282 12.446) 797) 154 3115) TOTAL FUNDS P¥AEe I I continued..-
THE GARDEN GATE PROJECT LTD. NOTES TO THE FINANCIAL STATEMENTS - continued FOR I'HL YEAR ENDED 31 MARCH 2024 io. MOVEMENT IN FUNDS - continued Comparxtlves for movement fin funds Net movement iii funds Ai 3113123 At 114122 Uiire%lri¢l¢d funds General tund 137.858 23,028 160,886 Restrieted funds Global Giving Fund 4.118 (630) 7.488 TOTAL FUNDS 141976 164 374 Comparaiive nel moveineni in fuiids, included in the above are as follows.. Incoining resources Resources expended Movement in funds Unrestricted funds (Jeneral tund 157,5Y14 (134,57U) Re8trleted fund$ Cjlubal Cjivirig Fund Kickslarler Scheme {()30) 1630) 6.102 16.1700 630) 22 3l)8 TOTAL FUNDS 141 .102) A current year 12 Inonths and prior year 12 Inontlis coinbined posilion is as follows.. Net movement in fund At 114122 3113124 Unrestricted funds General tund 137,858 28,722 16fi,580 Restriited funds Global Givii)sy Fund 4.118 (1,427) 2,691 TOTAL FUNDS 141976 169 271 P¥AEe 12 continued..-
THE GARDEN GATE PROJECT LTD. NOTES TO THE FINANCIAL STATEMENTS - continued FOR I'HL YEAR ENDED 31 MARCH 2024 io. MOVEMENT IN FUNDS - continued A current year 12 inonihs and prior year 12 months coinbined nel inovernenl in funds, included in the above are as follows: Tncoining resources Resources eApended Movement in funds" Unrestrlcted funds GLnLr&l fund 305.121 (270,399) 28,722 Restrleted funds Grouiidwork% Global Giving Fund Kickslarter Schcn)c KCC Coi11inunity Cotlee Mornings 11,381 (11,381) (1.427) (6,1 U2) (1.427) 6.102 378 19.2S8) 295 687) TOTAL FUNDS 322 982 RELATED PARTY DISCLOSURES There were no related Pdrty trdn.%dclion% t(Ir the yeur ended 31 March 2024. Page 13
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