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 2025 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 2025 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 2025 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 2025. 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 2025 ACHIEVEMENTS AND PERFORMANCE a. KEY FJNANCIAL PERFORMANCE INDICATORS The Garden Gale considers two needs when reviewing the cl)arity's activities - the needs of the clienls and ihe needs of the cliarily. The ¥harity endeavors lo operaie services wliich are purposeful lo Iliose who participale, striving to iTnprove well-being and the fulfilmenl of some aspirations of partlcipants whilst aiming lo be a self-sufficient charity in a challenging economic eni'ironmenL As such the charity aims lo hold sutTicieni reserves ai all tiines which allow for the eonlinualion of quality services 10 clients for a pcriod of at ILaSt six months in thL unlikcl J sccnario that all publiL funding ccascs. ThL cost ot-six months of aLtivilics withoLII publiL tunding changes aiinually bul are currently estiinaled lo be approximately £70.000 (£140,000 in a lull year). Thi5 estiinated cost excludes costs assoLialed with fundraising activities. b. REVIEW OF ACTIVITIES ThL Garden Gatc ProjLLI inadc a profit for Ihc ycar of £8,268.67 (2024 - L4,896.41}. Tolal income for the year was £155,668.60 (2024 _ £159.282.69) with expenditure of £147,.199.93 (:024 - £154,386.28). Income reduced by £3,613 almogi all of wl)ich is because of reduced income fi'oin clienis. This 18, ai least for now, not of concern to the Iruslees beLause { l) it only represents a reduction of 211/0 and (2) SULh income can fluLluate due to the nurnber of Llients which the Charity serv¢s. Expenditure reduced by £6,986 - more than ot74etling Ihe rediiced income, This reduced expenditure 14 u result ot 4uvingti on %latlin¥ cosis (boih salaried and self-employed) as Ihe chariiy aims (o i'espond as flexibly as possible 10 ihe ￿liangIng nuinber and needs of its Llienls. Fixed Assets Expenditure li ¢apildlised when >ULh LO811 are li) signifi¢dnl dnd (li) likely lo be uf value t.or dl least l.our year.4, Aciordinglv, the charily spreads such costs oN'er a period of four years by applying depreciation on a straighl-line basis of 25fy/u annually. There were no fixed asset purLhtsseb in the year. The nel book i'alue of fixed assets al the year end was L2,451.94.. Wood Burner- purchased Januarv 2021- NBV £0 Solar Panels- purchased November 2021- NB V £J)4.80 Solar Panels - pui-cha5¢d January ?023 NBV £391.64 Conlainer- purchased Augu>*i 20?3 - NBV £1,725.50 Funds The lund b&lanLes represent the reserves available lo the Garden Gale al any point in lime. These fiinds Laii either be unrestricted or restricted (i.e. wlien they Inust be speiil 3ccordingF lo ihe ternii of the funding, provided}. The restricted fund balaiice at year-end was £1.892.9.1. This is the money remaining from a grant provided by the Global Giving Fund lo ¢nabl¢ the Gai'den Gale lo purchase %olar pMnLls. £726.44 01" thL .s0liJr punLIs PLifLha%Ld rL"mdLn% to bL Lhdr¥Ld to tliL aLLount% in fulurL yLaPi (thL nLI buuk valLIL uf IliL' solar panels as shown above) which will leave a balaiice of £1,166.49. The lolal of all tunds at year-end was £177.539.94 with the balaiice ot £175,(Tr47.01 {2024 - £166,58n.60) beingF unrestricted. Suinmdry The Garden Gale continues to generate aiinual protits in difticult economic limes. This is entirely due to fund raising and other income generation aLlii'ili¢s. During the year approximately £33,500 was generated from such activities - donations, events, sales, bank intere%t, gyarden hire etc, with the a4%cKiated expenditure on Ihe%e 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 28 July 2025 Page 4 THE GARDEN GATE PROJECT LTD. STATEMELNT OF FINANCIAL ACTIVITIES FOR I'HL YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total fiinds Unrestricted lund Restricted funds INCOME AND ENDOWMENTS FROLWI Dondtion4 IcguLiL. 123,462 10.029 133.491 141,893 Other tradinu aLtivitic Total 22,178 155,66 145,640 159,282 EXPENDITURE OLN Rdl8ing fund 88,604 9,170 97,774 108,919 Ch￿ritable *ctivities Evenis T￿tal 136 573 147 4011 1543R5 NET INCOMEI{EXPENDITURE) 9,067 1798) 8,269 4,f197 RECONCILIATION OF FUNDS Total tund% bi'ouulii forivard 166,580 2,691 169.271 164,374 TOTAL FUNDS CARRIED FORWARD 177.540 169271 The notes fonn parl of iliese finaneial statements Page 5 THE GARDEN GATE PROJECT LTD. (REGISTERED NUMBER: 03753908) BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total fiinds Unrestricted lund Restricted funds FIXED ASSETS Tangiblc a%%Lt 1,725 726 2,451 4,619 CURRENT ASSETS Debiors C.&%li at bunk ￿]d in hand 11,786- 166.669 178,455 .780 167 836 179,622 8,844 162 30% 171,152 1.167 1,167 CREDITORS Amounts falliiig due within one year (4,533) (4,533) {6,500} IYET CURRENT ASSETS 171,922 175.11119 164652 TOTAL ASSETS LESS CURRENT LIABILITIES 1,893 177,£40 169,271 NET ASSETS FUNDS UnrestriLted funds Resli'icled funds TOTAL FUNDS 177 540 169271 10 175,647 166,580 2,691 169271 177 541) 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 2025. The meinbers have not required the coinpany lo obtain an audit of ils financial slalemenls for the year ended 31 March 2025 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 2025 These financial statements have been prepared in aLcordanLe with the provisions appliLable lo charitable cotnpanies subject tt) the small compaiiies regime. The financial stateinents were approved by the Board of Tru51ees and auihorised for issue on 31 August 2025 and weTe 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 2025 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'