The Greenhouse Trust U.K (A company limit￿ by guarantee) Annual Report and Flnanclal Statements for the Year Ended 31 December 2024 Charlty Reglstratlon Number: 1090568 Company Reglstratlon Number: 4291153 The Greenhouse Trust U.K Reference and Admlnlstratlve Detalls Trustees Louisa Bailey Michael Coulson Flchard Langmead. Chair Joanna Maybury Jeffrey Russell, wi￿ Chair Christopher Trent Charity Reglstratlon Number 1090568 Company Registratlon Number 4291153 The Charity is incorporated in England and Wales Prlncipal Address: 17 Burton Road Branksome Park P￿le Dorset BH13 6DT Independent Examlner: Mr Joshua Cottiroham FMAAT 72 Broadmead Road Folkestone Kent CT19 SAR The Greenhouse Trust U.K Contents Pagè Trustees, Report Independent Examiner's Report Slalement of Financial Activities 8alance Sheet Notes to the Financial Statements 7-12 Greenhouse Trust - Charitable Report 2024 ACHIEVEMENTS AND PERFORMANCE 2024 was another excellent year for The Greenhouse chrI￿lan Centre. Guest wrnber5 have remained con51Stently high, ond Ihe qvolity of our service continues to strengihen. Guests repeoledly tesllf y tha* ihey hove never experienced better hospltalltyi Core, ond space to encovnler God. Due to slgt)If Icont malntenonce costs assoclated wlth the current bulldlngi we hove produced o small operotional and minlstry loss lexcludlng transltlon costs) of £31,000 0$ opposed to the surpluses of recent years. However we remain deeply en￿uraged by the frvlifvlness of thls mlnlstry, whlch contlnues to be cherlshed by many. In additlon to ovr regular operotlons, signiflcont fund5 from ovr tronsition budget were spent this year In connection wilh our relocatlon plons. These Included expenses related to researching potential propertles, engaglng wlth estote ogents, and commisslonlno profesglonal services such as plarning con5ulionts, voluers, ond surveyors. These costs ref lert our due dillgence and commitment lo making a well-lnformed and prayerfully dlscerned move. Whlle the mlnlstry 15 Ihrivlng, we remoin Ilmlted by ihe constroints of our currenl slie ot 17 Burton Road. As such, we continued building on the November 2023 onnouncement thot we would relocate to a new slte in due course. Thls need to move is underlined by the significont 0￿1¢y$ of reserves on replacing boilers and key safety systems. These were expensSve and directly related lo ihe ogeing noture of our properly. The vision to move hos been met with enthuslasm by many omongst ovr community and supporters, and 2024 has seen meonlngful steps forword. After considerable research ond pruyer, we explored o wlde range of potential new pioperties and corefully shortllsted three that Met many of our criteria. Of ihe5e, one slood out as especiolly suited to the unique nolure of the Greenhouse mlnislryi and It remolns the focu5 Qf our hopes 0$ we look ahead. Several areas of our work bear speclol comment: **Staff** _ The team rernoins Strong ond vnited, conslstently deltverlng hlgh performance and hospitolity with warmih and grote. The team culture Is morked not only by excellent operotions and mutuol support, but also by a rlth splrltual rhythm, includino daily proyer and dIscerr￿enl for guests and one another. **progrom** _ We hove contlnved to reflne ond develop our amual progromme, introduclng fresh elemenls that respond io the needs of our gvesls ond ihe promptlngs of the Holy Spirit. These offerings have been well received and contSnve lo deepen ovr impocl. **Guesls**_ With an average ocojpancy around 650/, gvests expre55 heortfelt appreciotion for iheir time at The Greenhouse. Word of mouth conlinues lo be our strongest rnorketing tool, and 51ories abound of lives refreshed, healed, and redirected ihrough encovnlers here. **Parlnerships **_ We continue to deepen our colloboration with local ¢horities, including Foithworks and their Single Poreni Group5, a5 well os with a number of churthes. Our facilities are regularly of fered ot redv¢ed or no cost to locol partner5, and we h05t proyer meetings for local church leaders who shore our heart for this region. THE FUTURE Booklngs remoln strong for 2025 and 2026, and we are prepufing to cefebrote 70 years of mlnislry In Jvly 2025. The ongoing impad of our work confirms that there Is o I0￿1ng und vllol need for speces like The Greenhouse, where people con meel wilh God ond flnd resl ond renewal. We ore determlned to ensure ihat this mln151ry Contlnues for another 70 years ond beyond. Trv$tee$ ond leader5hlp conllnue Fo pursue ihe nexl step. We hove Ideniifled a properly ihat oligns well wilh our vlslon oAd nèeds, dnd rem¢ln proyerful and expectant Ihot the right door will open. Meanwhile, Ihe 17 Burlon Rood 51te Is on *he open markel. Although the year began wlth eneourcjglng lèvels of Inlereit, Ihe property markot has since 50ftened, cousing $orne delays In our onward moY•. Nonesheless, we remoln commllled to ihis CO￿Se orhs ure ¢ontlnulng both to fundralse ond to seek the rlght buyer foi our current slte. Our goal remains to ocqulre o rew property rhot will ollow the Greenhwse to expand Ils reocK romaln finandolly wstolnable, and pres•rve the unlque atmospl*re of hospitolity und $piritvol depth for whlth we ore known. We also prepare for an Imporlonl translllon In lead*rthlp• Afier I I remorkable years of f aithful servi￿, wè wlll be saylng goodbye lo Mork and Kute Strand in Avg¥Jsi 2025. Th¢lr contribvtlon to the Greenh¢¢Jse has b¢en lrnmen5e, and thelr departure will be Ma￿ed with hearrfeli ¢elebrollon ond gralilude. At the some Ilme, we look forword lo w•l¢omlng Melanle Perry a5 our new Centre Dlrector. We are ￿n*[dent Ihot, undef h?r leadershipi ihe mlnislry wlll conlinue lo flourlsh ond bear fruil In thè yeors lo comè. Rl¢hard Langmeod Chalr of 7rv518è5 Independent Examiner's Report to the Trustees ofThe Greenhouse Trust U.K I report to the charltytrustees on my exarnination of rhe accounts of the charityfor the year ended 21" December2024which are set outon p8ges 7 to 12. R¢spe¢tlve responslbSlltles of trustees and èxaminer As ihe ¢harily's trustees ot The Greenhouse Tiust U.K18nd also its directors for the purposes of company lawl you are responslble for the preparation of 8ccounts In 8ccordance with the requirements ol the Comp8ni88 Aot 2008 I'the 2006 Act'l H8vlng 88t18fiad myself th8t the accounts ol The Greenhouse Trust U.K are not requiied to b8 8udlt8d under Part 16 of the 2006 Act antj are eliglble tor independent examinatlon, I report in respect of my ex8min8tion of your chariys accounts 8s carried out under sectlon 145 of the Charltles Act 20111'the 2011 Act,). In c8rrylng out my examination I have lollowecj the Dlrections given by the Charity Commission under section 145151(b) of the 2011 Act. Independent &xamlner's statement Slnce the Company's gross Income exeoeded £250.OOOyour8X2mlner must be 8 rn8mberof8 body listed in section 14S of the 2011 Aci. I contirm that l am qualifi8d to und8rtak8 the examination becau8818m a m8mbor of The Associarion of Accounting Tochniciens, whlch Is one ot ihe Ilsted bodies. I h8V8 complet8d my ex8min8tlon: I contirm thatno m8t8rial matters have com8 to my attantlon In conn8cilon with the examlnation gNing me caus8 to belleve that In any materi81 respect: 8ccounting iecords wer& not kept In respect of The Greenhouse Trust U.K 8s f8qUITed by $ection 130 01 the Act. or 2. the accounts do not accord with those records: 01 3. the accounis do noi comply with the accounting requiremenrs ¢on¢ernlng the torm and content of accounts set in th8 Charities IA¢counts and Reports) Regulations 2008 other than any r8quir8ment give 8 'tru8 and fair viev whlch Is nor è matter consldered as part of Bn independent examin8tion 4. the accounts h8ve not been prepared in accordance with the methods and princlple$ ot the Statement of Recommended Practice lor accounting and reporting by ch8ritl88 l&pplic8ble lo ch8rlti8s pr8paringtheir accounts in accordance with the Financlal Reporting Standard applicable in Ihe UK and Repubknc ol Ireland IFRS 102)] I h8ve no concerns and h8ve come a¢TOSS no other matiers in connectton with the examin8tion to which altention should be dr8wn in thls report In order to enable a proper undgrstanding of thf &Gcount¥ to be reached. Mr J Cottingham FMAAT D8(e.' 0210612025 The Greenhouse Trust U.K ststement of Flnanclal Activltles For thè Year End 31 December 2024 {Includlng Income and Exp•ndltura A¢¢ount and Statement of Tol81 Recognlsed Galns and Losses) NOTE Unrestrl¢tod R6*trlcted fund$ funds Total 2024 Total 2023 In¢omo and Endowmènts from: Donations and legacies Challlable Actimlies Other trading a¢llvllle8 Inve8lm¢nl Income 23.596 515,595 24,823 1.044 59,830 83.426 515.595 24.823 1,044 42,723 472.969 18.398 732 Total Income 565.058 59.630 624,888 534.822 Exp¢ndllura on.. Raising funds Charitable aclimlies (589.0741 1121,2831 1710.3571 1514.3341 Tolal expendilure (589,0741 1121.2831 1710,3571 (514,334) Nel Income 124,0161 161,4531 {85,4691 20,488 Nel movement In fund8 (24,0161 161,4531 {85.4691 20,488 R•¢onGllllatSon of fundi Tolal funds brought lowrd 541,050 163,545 704,595 684,106 Total funds carried forward 17 517.034 102,092 619,126 704,595 All of the charitys aclivities derive Irom continuing operailons during the above periods. The funds bre8kdown for 2023 and 2024 are shown In note 17. The notes on pag85 7 to 12 ftym w integral part ofthes8 finangal 51at8monts The Greenhouse Trust U.K Balance Sheet As at 31 December 2024 2024 2023 Note Flxed assets Tangible Assets 599,389 541.862 Curront assots Sloeks Debtors Cash al bank and in hand 12 13 14 6,173 237.083 173,620 3,223 237.259 339,835 416,876 (337,276) 580,317 1340,6441 Credltors: Amounts falllng due within one yoar Net currant asso1$ 15 79,600 239,673 Total 08$0ts loss current Ilabilitlos 678,989 {59.8631 781,535 176.9401 Craditors- Amounts falllng du• after moro than ono year Not assot8 16 619.126 704,5g5 Funds of thè charity.. Rostrlctgd In¢ome funds Reslri¢led lund8 Unrostrletéd Incoma fund$ 17 102,092 163,545 Unreslr5cled (unds 517,034 541.050 Total funds 17 619.126 704,595 The nctss on page5 7 10 12 form an integtal pwt of Ihese finarrial 91aternenls The Greenhouse Trust U.K Balanc8 Shoel As at 31 December 2024 For the ¢lnanel¢l ￿ar •ndlno 31 De¢ember 2024 the charitywas •ndUed to exempikn frcrn aud￿ und8r section 477 tsf the Companlea Ac* 2006 reLgtlJg lo Small comp8#bs. Dir￿lars, iesptsAsfbllllles.' ' The members have not requlred the Ch￿lY lo obtaln dn audit of its acc¢¥unls for Ihe y&ar In quas￿On In 8￿0[￿aN¢8 wlh se¢tlon 476., and ' The dlredors a¢knth￿edge Ihelr responsfoiliues lor comp￿n9 with thè requif8m8nb tsf the Act wtth raspod lo aecounlin iecord$ and the prepara￿On ol accounts The finan¢￿] slalornents Dn po9e5 7 to 12 were appwved bythe trust¢¢s. and •ulboTlsed for Issue and sign8<1 on Ihdr behalf by. Rlchard Langrn•ad Trtsat4• Dated Il/or 7115 The notes t)n pdges 7 kn 12 kxrn 8ft integral part ofthw firwrthl stal8m￿ts Th• GreÈnhO￿SÈ Trust U.K Notes to Ihe FinanG¥al Stawm•Tr Forthe Year End4d 31 Decèmber 2Q21 11 CharftyStslU$ liBt4e tocontr￿le arIa￿v￿rt r￿10￿C￿ed1￿ £1 ILw4ards 8suisafthe chaitykn the ￿￿off￿￿n. The 01 rewttdoffice ￿. 17 hLrton Ro8 8r4r&sarne P8rk 8H13 6DT 21 Accountho ￿￿(1•6 8ummaryolslqnffic•nt iccDunUng pollclqs *nd kny ic¢0unthJg Uilm•t•¥ Th•¥• wlci65hDve be4n dllhB staia 51At•m¢J*t dicoth)pllan£e Pr•¢ik¢ laprlirnblt lo thgrth5 wepanw frte￿ acctyffts tng SthJ*d Inth8 UK ard of trll1E￿ IFRS 10211 I1¥$￿d ¥iiktob¥ 20195. (Ch￿ties SORP IFRS 1a2lL th• RwA*4 sw•r44W￿￿4ty1n th• UK￿ Rowri* 01 tr41ond IFRS 1LY21 and*)•Com￿OI AC120 B•¥t* ol pr•parntlon Thr (kOents￿$t TruAI u.K ihfr ttefirlbmaf• LvthrFRS 702. A••th 1thI1s¥• Iruly rwrts•¢ #• itsi¢rlr4 Qolnu ¢on¢orn EA*mptlon rtom prep4rfn9 a £aah now•¢at•mwbt Thè e4*nty opied io ••rfy a00w8￿11LD 1 2 F•tywT201Q rw•fty• •c** lknv thtwnorn Incom• Ind •ndowrn•Thti Ir*Jme ree*fv•t4• ¢w M mwL¥•¢reTrrt*. iuyect lo CC￿lL￿n￿ that rqwie i wYonN9n¢• t•lor• th• IS to Th I￿)$. m• li d11w•d￿nDf r•EWs•d un1&5 Bil￿r01 tr¥)se 1￿MEt ortho ftllimerdw fv)Sè ¢L*JWO ¢¢rtcl d th¢ ¢h•rfty Ino Grants recql¥abl• GrnNI ar• W9￿¥9¢j th•ntrm in ￿r4 wfcqrn?r** aty inathétt •re t• m•t as a on LnB bBknnt• iho•t z% dBlwr•d IrKome lo be ItMitrn•nt In¢on Exp¢ndllW• C4rmi bedliecty Byribuied b) p3￿￿￿•rhea(rK￿s1W*tVe teen •lkxated on CW&isI•rt￿th￿ ￿1¢$0￿¢￿. woh ￿L¢ll $i•ff ¢osi* Riljlng fundA Chirltible aciivltres ChAhts￿£ èxréndth COM￿5&5 bbjse cQgbln￿1d 5PF¥ires kenDfiv4thBJ. M*KIth5 b Th8 Gr8•nhou$e Twst il.K Notos lo the Finan¢lal Stat•m•nts Forthe Yoar Ended 31 Do¢•mbor2024 Gov•rnm¢nt grants as$ified as relauw lo tyttsaysetg Cr•nls r 819.128 B•lan¢• It 1 Janu•ry 202J 4l•ncq at 31 O•Mmb•r 2023 In¢omln9 r•ADurc•• •xp•Dd•d TraTrAlar4 Unr•8trlcwd fund• G•ner41 Giner¥A furJ¢ts 474. 1514.334) 477.458 Re$erJe fund n2 Total unr•sirlc¢•d lund& 617 53? 514.334 R•Atyl¢t•d lundl RafvJibtshmEnl fuhl 146,254 17.291 183.Y5 Totsl r•*trictéd lunds 146.254 17.291 163,545 Tai•l lund6 e84.1L 334.823 1514.J341 704,S95 181 Analy¥ls ot N•t •$*•tA ￿t￿en lunds R•atrlct•d lunéi Tot*1 fvnd• 4t Y1 ￿¢1mb￿r Unre￿￿¢1•4 funds G•n•r•l D•Jlgnllt•d R•4iA¢t•d 2024 TanoSbk ￿Xed &9ael8 Cuirenl •$¥ths ¢urréni labllbe5 Credllors over 1 ye¥ 2$1,19) P11.1831 185.9781 102,092 416.876 185.9781 Tolol nel a858ts 453.440 102.092 019 120 R•slfkt•d funds Total fund$ at J1 O•¢•mb•r Unrèstitied lunds DeslgNt•d General ReotrfEt•d 2423 TanglNe fixéd ass￿• Current 8¥9et8 Curreni llabili￿.eS Craditors oyer I ￿•r 541.862 353,179 0.6441 6.g40) 541.802 580.317 1340.6441 176.940) 63,594 163.544 Tolal fiel as£￿5 477.457 163.544 704.595 12