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11
Annual Report
Financial Statements
year ending 31st December 2023

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Parent During Annual Review

Greencorrid
Contents
Contents............................................................... ..
Chair's introduction....
CEO'S introduction..................................................... .
About Green Corridor.............................................................................................. ... .
Activities, Achievements and Performance.....
2023 - A year of building Firm Foundations.............................................................
Learners, Destinations 2023..
Refocussing of Provision and Admissions Criteria............
Therapies......................................
Equality, Diversity and Inclusion.....................-...............
2023 Ofsted inspection......
Our Staff - Thanks.....................................................................................
..10
Subsequent Events...................
Reference and Administrative Information...................................................................
-.10
Trustees.....................................................................................
Trustees Statement......
..12
Structure, Governance and Management.............. ... ..
Future Plans......................................................................................................................................................................
.12
..13
Our Partners and Funders........................................................... ...
..14
Remuneration Statement.............................................. ...........
..14
Complaints............................ ..
Compliance with Fundraising Standards........................................................
Financial Review..
..14
.15
..16
Opinion...................
statement of Financial Activities......................................................................................................
.19
..23
Balance Sheet......
..24
statement of Cash Flows................... .................... ..................
..24
Notes to the financial statements for the year ended 31 December 2023...........
..26

Chair's introduction
l am delighted to introduce our annual report for 2023.
At Green Corridor our mission is to provide young people who have Special Educational Needs with
a high quality, safe, positive and enriching learning experience. We provide pathways centred
around either horticulture or catering alongside a functional skills programme. It is our ambition to
harness the unique strengths and abilities of our learners, so they are happy, content and confident
to take their next steps and are prepared to enjoy life. We aim for each of our learners to transition to
a destination that is best for them, including working, further education and accessing the
community. We achieve this through values of Openness, Respect and Learning.
Green Corridor has continued to provide our unique service to learners, parents, carers and staff
throughout 2023. It has been year of change as we had our first OFSTED inspection, updated the
curriculum, navigated the changing landscape of policy and funding and made significant changes
to our leadership team.
This financial information in this annual report is accurate and signed off by our auditors and
demonstrates that despite headwinds created by lower learner numbers, Green Corridor is well
placed financially as we close 2023 and move into 2024, with increased number of offers being
given for our September 2024 intake.
We welcomed our CEO, David Welch in February 2023 and refreshed the senior 5eadership team in
the past year, a number of which were internal promotions, demonstrating our commitment to staff
development. We have over the past year refreshed the site, curriculum and strategy. The strategy is
central to the all plans, activity and objectives for the current and future years.
The response to all of these demonstrates the dedication of the team at Green Corridor and the
effort to create an environment that provided a place for all learner and staff to flourish. I thank the
team at Green Corridor for their ongoing commitment and hard work.
I would also like to take the opportunity to thank all of our supporters and volunteers, throughout the
past year, in particular Heathrow Airport, whose unwavering support is crucial to Green Corridor.
As we look to the future, we are excited to build on this year's accomplishments, setting our sights on
positive impact through expansion of the curriculum, refreshing parts of the site and providing the
best possible experience for our learners.
Nicole Jennings
Chair of the board of trustees
18th September 2024

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CEO'S introduction
The past few years have been difficult for many of us, particularly for learners like
those we work with who are facing complex and challenging situations.
Changing policy and funding landscapes mean that stability and certainty can
be hard to find, and we know that this is unusually challenging for our learners.
This annual report demonstrates Green Corridor's response to this environment,
and how we are seeking to maximise the opportunities that our learners have to
flourish, both during their time with us, but also in their next step having left our
provision.
During the year we have worked with 74 different learners - of which 31 left us in during the year to
move on to new destinations - we report the detail of this later in the report. This year has been
focused on building firm foundations for the future - addressing the challenges of establishing our
offering within the local SEN community, with a clear and distinctive purpose and meeting our
learners, unique needs in Green Corridor's unique ways.
At Green Corridor we are proud of our learner-centred approach which allows us to tailor pathways
and approaches that best suit the individual learner. From careful consideration of their needs at the
beginning of the consultation process through to specific work experience based on their interests
and preferences, we know that what we provide makes a real difference to the learners, lives - our
learners, their families and the other professionals around them tell us so in annual reviews and
spontaneously throughout the year. We use the statutory annual review process to review both
progress and our own work. We also use it to plan for the learners, future. Our high-quality,
accredited, vocational learning is done in small class sizes of no more than 6, allowing for
appropriate stretch and challenge and different communication styles. This approach also applies
to functional skills and our enrichment and careers programmes.
During the year, we refocussed our provision on learners who would most benefit from what we
provide. This means that we made the decision to stop working with learners who needed personal
care and learners who use wheelchairs as our site does not provide well for these needs. Green
Corridor's unique approach means that our learners come from a wide distance - and during 2023
we worked with10 Local Authorities (2022.. 10) as far away as High Wycombe and Hammersmith and
Fulham as well as many learners coming from our 'home' Local Authority of Hillingdon. Our
refocussed admissions criteria mean that we specialise in working with young people who haven't
achieved a GCSE prior to attending Green Corridor, but who have a 'demonstrable ability to learn,.
We have ambitious plans to improve our provision and to grow our impact in the coming years, and
we were delighted that Ofsted were able to recognise this during our routine monitoring visit that
happened in November, and which is reported on later in this report.
Finally, I would like to thank Ruth Kennedy who stepped down as chair of trustees in January 2024
just after the reporting period covered by the report - her leadership over the last few years made a
significant difference to our loarners and staff and we are grateful for the time, effort and skill that
she gave to Green Corridor.
David Welch
Chief Executive Officer

Greencorrid
About Green Corridor
Green Corridor is a charity that runs an independent learning provision for learners aged 16-25 with
an Education Health and Care Plan (EHCP). We specialise in Autism, working with about 45 learners
each year on our site in Stanwell Moor, near Heathrow Terminal 5. Many of our learners have
odditional therapy funded through their EHCP, with about half having either Occupational Therapy or
Speech and Language Therapy or both. During 2023 We offered learners either Horticulture or
Catering pathways, alongside a functional skills and careers curriculum. We also offer every learner
an enrichment programme and work experience with local businesses and organisations to prepare
our learners to take their next step - going into employment, a supported internship or social care.
Vision
All our young people with special educational needs have the opportunity to achieve their fullest
potential and participate in all aspects of life in their communities.
Mission
Improve access for disadvantaged 16-25 year-olds to education, training and employment
through practical horticulture and catering skills;
Change perceptions to increase employment opportunities for young people with special
educational needs and learning diff iculties,. and
Connect our young people with their local communities by increasing and integrating
volunteeringactivities into our learning programmes to promote the benefits of growing your
own and healthyeating to all participants.
Values
The trustees met in July 2023 to reflect on the values of the organisation. During this meeting we
discussed the approach that we would like to take in working with our key stakeholders - our
Learners, families, Local Authorities, Staff, Volunteers and Trustees. The trustees agreed three values
for our work.
Openness - we seek to be open and honest in our approach to all our work - including in our
relationships with staff, learners, Local Authorities ond other partners. This transparency allows
us to build deeper relationships and benefits our learners by helping them and those around
them to work together for their benefit.
l Learning - We embed learning at all levels of Green Corridor, from trustees to visitors. We
want to ensure that everyone continues to learn and develop through their time with us. We
encourage all staff to undertake regular training, from mandatory safeguarding training to
CPD that continues to grow skills and interests, demonstrating that learning is for all, not just
learners.
3. Respect - everyone deserves respect. We believe in treating people with care and
consideration. We help our learners and staff to listen to one another, and to amplify their
voices both internally and with those around them.
I We revised our Vision and Mission along with further developing our strategy in January 2024, after the
period covered by this reporL

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Activities, Achievements and Performance
2023- A year of building Firm Foundations
2023 was marked by building firm foundations for the future - ensuring that Green Corridor meets
the needs of current learners and those who will be joining us in the future. We have addressed the
admissions criteria to clarify whose needs we are able to meet, and ensured that the provision is
working to the standards expected by the trustee board, Ofsted and our Local Authority partners.
This has meant that the Senior Leadership Team has be appointed by the new CEO to work
collaboratively with all staff to improve standards and behaviour. The board has carefully monitored
the staff turn over and morale, with staff surveys and exit interviews forming an important part of the
process of improving our offering to staff and through them to our learners.
There was a considerable amount of staff change early in the year, but this quickly stabilised
following the appointment of David Welch as CEO in February 2023. Learner numbers have been
broadly stable, and income has remained in line with these learner numbers, with the board
forecasting15/ growth in learner numbers and income in quarter 4 of 2024. Morale has improved
with the 2023 staff survey reporting an average satisfaction rating of 8.6 out of10, with a rating of 9
out of10 for the effectiveness of senior management in guiding and leading the organisation.
Ofsted inspected the provision os expected in November (as reported on elsewhere) and the board
welcomed their conclusions and agreed with the areas identified for improvement. The Quality
Improvement Plan is addressing the identified issues to ensure that the board's improvement
ambitions are met.
As noted in last year's annual report under 'Subsequent events, Henrick Winter-olsten (interim CEO)
left on13 January 2023.
Learners. Destinations 2023
We carefully track the destinations of the learners who leave Green Corridor - and we work hard to
ensure that they have a positive destination when they leave us. Broadly learners end up in l of 4
different destinations: Direct Employment, Supported Internship, Further Study (at another provider)
or Social Care. Our leavers in 2023
went on to things that include
working in the kitchen of a pub,
working on a farm, supported
internships with a local hotel group or
local authority provided social care.
We keep in touch with learners after
they have left, and many enjoy
popping back over the summer and
beyond as they see Green Corridor as
home from home. We employ a
Careers Adviser specifically to work
with learners during their time here to
help them make the best move for them after they leave. Our 2023 destinations are shown in the
graph.
Apprenticeship Unknown I
Inclusion project 3
Suppo
Interns
urther Study 3
Employme

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Safeguarding
Safeguarding is a key foundation of the work at Green Corridor, and the Trustees work hard to
ensure that a robust policy is in place
and is followed at all times. The Board
receives a Safeguarding Report at
each meeting, and a named Trustee
has responsibility to visit regularly to
satisfy himself that Green Corridor
comply with the policy. The Trustees
review the number of safeguarding
incidents, the number of serious
incidents reported to the Local
Authority and visits to dip test both
the record keeping and processes.
The CEO and Chair regularly review
the Single Central Record to ensure
that all staff and visitors are
compliant with the safer recruitment
policy of the Board.
In 2023, one serious incident (2022: one) met the threshold for reporting to the Local Authority. These
incidents and lower level incidents are logged by the Safeguarding Team. Trustees regularly monitor
all incidents and actions including those not meeting the threshold for reporting to the Local
Authority. The safeguarding team meets weekly with additional meetings as required and they meet
with the Safeguarding trustee quarterly and as required in addition. Our Ofsted inspection in
November 2023 (report published Feb 2024) covered elsewhere in this report found that we had
made 'Significant' progress, in our Safeguarding practice, the highest level that can be achieved
during a monitoring visit.
'Green Corridor changed
my son's life,
Parent, During site visit
¢4
Refocussing of Provision and Admissions Criteria
Following a review of the site and the admissions criteria it was decided that they site wos not
suitable for wheelchair users due to the uneven nature of the ground and the bogginess associated
with the longer periods of rain in the winter. It was also decided that learners who needed personal
care on a regular basis would be better suited to a site where they have more appropriate facilities.
This review led to the 'life skills, class being discontinued in July 2023 as they oll needed various
forms of personal care. The board has clearly focussed our provision on learners who have not
achieved any GCSES but who have a demonstrable ability to learn. In 2023 we admitted learners
with autism who showed an interest in either the horticulture or catering offer of the provision in this
category. Learners are assessed on an individual basis by the admissions team. Offers are made to
learners based on our obility to meet their needs as expressed in the EHCP and in consultation with
the relevant local authority as required by the SEND code of practice. hAany of our learners visit the
site as a part of the consultation process.
Therapies
We offer learners therapies as dictated by their needs outlined in their EHCPS. In 2023 this included 14
Learners who have Occupational Therapy (OT) and 35 learners who have Speech and Language
Therapy (SaLT). We also offered physiotherapy to 3 learners and counselling to 8 learners. The SENCO

Greencorrid
works in collaboration with therapists and therapy assistants to ensure every learner receives the
appropriate type and quantity of therapy they require. Assessments throughout the year ensure
progress is monitored effectively.
Equality, Diversityand Inclusion
We have reviewed and reflected on our recruitment processes, to ensure that our job descriptions
and interview questions use language that is inclusive and based on essential requirements for the
role. During 2023 our refocussed efforts let to a dramatic increase in our staff team's diversity and
improving pay equality. During 2023 we have gone from 9/ to 22°A who do not identify as white
British. This is much closer to the 48.2/0 of residents in the local community of Hillingdon who are
white2 34/0 of employees consider themselves to have a disability or on going health condition.
During the period of this repor¢ we have broadened our advertising to target a wider audience, and
have begun to measure Equality, Diversity and Inclusion throughout our promotion and training
opportunities as well as our recruitment. We intend to adapt our processes further in order to further
improve our inclusivity. Our focus for 2024 will be to reduce barriers for neurodiverse applicants and
employees.
Our Gender pay gap for 2023 was -2.4/0 median (g/. mean), with lower quartile 36/0 male, 64/.
female lower middle quartile, 27/0 male, 73/. female, upper middle quartile 36/0 male, 64% female,
and upper quartile, 30/0 male and 70/. female. We do not have figures for 2022 for gender pay gap
reporting.
2023 Ofsted inspection ('Monitoring Visit.)
The charity is registered with Ofsted (number.. 146362). We were inspected by Ofsted on 29th and 30th
November 2023, with the report published by Ofsted in February 2024. We expect a full inspection
within18 months of the publication of this Ofsted report. The 2023 inspection was a routine
'Monitoring Visit, as we are a new provision. The inspection focussed on 3 themes..
How much progress have leaders and managers made in designing and delivering relevant
learning programmes that are clearly defined and tailored to suit the individual needs of
learners?
2. How much progress have leaders and managers made to ensure that learners benefit from
high quality learning programmes thot develop independence, communication and skills
and help them to achieve their personal andlor work-related goals?
3. How much progress have leaders and managers made in ensuring that effective
safeguarding arrangements are in place?
The full report can be viewed on the Ofsted website: htt
files.ofsted.
ov.uk
vl
file
50238985. The
inspectors found that we have made 'reasonable' progress in the first 2 themes, and 'significant'
progress in the third theme. Monitoring visits (and as of Sept 24 all Ofsted reports) do not give a 'one
word judgement, and therefore we do not have one to report. The board welcomed the Ofsted
report as marking an endorsement of the work of the staff team and trustees to ensure that we are
making progress. The trustees remain ambitious for our future and are working hard to ensure that
the senior staff team have plans in place to further develop the provision. Green Corridor has a Self-
Assessment Report (SAR) and a Quality Improvement Plan (oip) to address the areas identified in
the SAR. These are routinely monitored by the Senior Leadership Team at Green Corridor, and
trustees were involved in the production of the SAR in September 2023. Ofsted said 'Staff
ONS statistics from 2021 census

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demonstrate high levels of kindness and care towards learners. Learners feel well supported and
safe. They enjoy going to college and know who to speak to if they have any worries or problems.,
Our Staff - Thanks
We would like to thank all our staff who have worked tirelessly to deliver excellent results for our
learners. 2023 has been a very significant year of growth ond stabilisation for the charity, and this
has been achieved through the hard work and dedication of the staff. Green Corridor is a life
changing place for our learners who make good progress in our provision which is down to the statf
who go above and beyond what is required for the benefit of our learners.
Subsequent Events
In early 2024 the board met to consider future strategy for 2024-2026. This included evaluating the
vision and mission of the charity alongside a clear plan to develop the charity to ensure it remains
focussed on its objectives. This has led to a third 'Personalised Employment Pathway, being offered
to learners from September 2024, which broadens our appeal to learners with needs we can meet,
but who aren't interested in catering or horticulture. This reduces the risk of learner numbers
fluctuating due to changing preferences.
Government requirements have changed for Functional Skills, requiring all non-exempted learners
to study a minimum of 4 hours of maths and 3 hours of English each week from September 2024. We
have responded by adjusting timetables and staffing accordingly.
Ruth Kennedy Resigned as both chair of the trustee board and as a trustee in January 2024, and the
board would like to put on record their thanks for her dedication, hard work and wisdom in leading
the charity as chair of trustees until her resignation. Nigel Fishwick stood down as vice-chair of the
board at the same time and we extend our thanks to him too. He remains on the board.
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Reference and Administrative Information
Company number
Charity number
Charity Name
04267457 incorporated in England & Wales
1092093 registered in England & Wales
'The Green Corridor, known as 'Green Corridor,
Trustees
Trustees, who ore also directors under company law, who served during the year and up to the date
of this report were as follows..
Ruth Kennedy (Chair) [resigned 25th Jan 20241
Arnold Wickens
Nicola Leonard Iresigned 19th June 20231
Nigel Fishwick (Vice Chair) Iresigned as Vice Chair 24th Jan 20241
Nicole Jennings lappointed chair 24th Jan 2024]
Amanda Owen [appointed vice Chair 24th Jan 20241
Gareth Hughes
Ashley de Safrin
James Snaith (appointed 22nd Feb 2024)
Jo Salsbury (appointed 22nd Feb 2024)
Henrick Olsten-winter Interim CEO (left13th Jan 2023)
David Welch.. Chief Executive Off icer (from 20th Feb 2023)
Tim Whitelaw.. Head of Education (from17th April 2023)
Dawn Mowbray
Sarah Jones: HR manager (from Ilth April 2023)
Lily hAcCurdy: SENCO (from 31st July 2023)
Green Corridor,
Main Road Nurseries, Stanwell Moor Road,
Staines-upon-Thames. TW19 6BS
Web address and phone number: www.greencorridor.org.uk
01753 687236
MG Audit Services,166 College Road, Harrow, Middlesex, HAI IBH
CAF Bank Limited
Virgin Money PLC
Lloyds Bank PLC
25 Kings Hill Avenue Jubilee House
PO Box1000
Kings Hill,
Gosforth
Andover
West Malling
Newcastle upon Tyne
BXI ILT
Kent, ME19 4JQ
NE3 4PL
Russell-cooke Solicitors
2 Putney Hill, London, SW15 6AB
Key management personnel
Registered office and
operational address:
Auditor
Bankers
Solicitors

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Trustees Statement
The Trustees, who are also Directors of the charity for the purposes of the Companies Act 2006,
present their report and the audited financial statements for the year ended 31 December 2023.
The financial statements comply with current statutory requirements, the memorandum and articles
of association, the requirements of a directors, report as required under company law, and the
statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to
charities preparing their accounts in accordance with FRS102.
The directors of the company are also charity Trustees for the purposes of charity law and under the
companys Articles are known as members of the Trustee Board.
structure, Governance and Management
Governing Document
Green Corridor is a Charitable Company limited by guarantee, incorporated on 9th August 2001 and
registered as a charity17th May 2002. The company was established under a Memorandum and
Articles of Association in 2001, which have since been updated on 7th October 2010, and is
constituted as a company limited by guarantee. In the event of the company being wound up
members guarantee to contribute an amount not exceeding £1.
Recruitment, Retirement. Appointment. Induction and Training of New
Trustees.
Under the requirements of the Articles of Association, at the first Board meeting of each calendar
year one third of the Trustees for the time being or if their number is not three or a multiple of three,
then the number nearest one third shall retire from off ice. Any Trustee who was elected for the first
time during the previous calendar year shall not count towards the calculation of one third. The
Trustees to retire at the first Board meeting of each calendar year are those who have been longest
in off ice since their last election. A retiring Trustee shall be eligible for re-election by the other
Trustees. After being re-elected 3 times, Trustees should consider stepping down for at least a year
before being considered for re- election.
However, a Trustee may stand for re-election on his fourth retirement since his initial election for a
further term without taking a period out of off ice (the length of term to be decided by the Board)
provided that this is approved by a resolution of the Board passed by a majority of at least 75/0 of
those voting.
All members of the Board of Trustees give their time voluntarily and receive no benefits from the
charity. Any expenses reclaimed from the charity are set out in the notes to the accounts. Trustees
are recruited via various advertising routes including recognised trustee recruitment websites with a
job description of the key skills, knowledge or experience being sought and an overview of the role
and essential duties of a trustee. Selection is through a two-stage process involving the Chair, CEO
and Trustees as deemed appropriate.
All new Trustees undertake an induction process including a briefing on our Strategic Plan, current 3-
year Business Plan, Strategic Risk Register and access to a range of Charity Commission 'Essentials'
series such as charity finances. To increase the contribution that new Trustees con make, and to aid
continued professional development, we also signpost to appropriate training, publications and
webinars from the Directory of Social Change (DSC), National Council of Voluntary Organisations
(NCVO) and Association of Chief Executives of Voluntary Organisations (ACEVO). Green Corridor has
a Board of Trustees that acts as a Management Committee. The Trustees meet at least termly
12

Greencorrid
(normally quarterly) and are responsible for the strategic direction and policies of the charity. At
present the Committee has eight members from a variety of professional backgrounds relevant to
the work of the charity.
Organisational Structure and Decision Making.
A scheme of delegation is in place and day-to-day responsibility for the provision of the services
rests with the Chief Executive Officer (CEO). The CEO is responsible for ensuring that the charity
delivers the services specified and that key performance indicators are met.
The Trustee Board has conducts regular reviews of the major risks to which the charity is exposed. A
strategic risk register is regularly reviewed, with an identified member of the board having the risk
portfolio. Where appropriate, systems or procedures have been established to mitigate the risks the
charity faces. 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 control risks are minimised by
the implementation of procedures for authorisation of all transactions and projects. Procedures are
in place to ensure compliance with health and safety of staff, volunteers, learners and visitors. These
procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.
The Board of Trustees met 4 times during 2023 for formal business meetings.
'Staff demonstrate high levels of
kindness and care towards learners..
Ofsted Inspection Repor¢ 2023
Future Plans
We are committed to ensuring that we provide an inspirational learning environment such that
young people upon leaving are able to move on to positive destinations. The number of EHCPS is
increasing nationally and the demand for places remains strong. We are committed to continuing
to provide the highest quality provision and as such to balance this with the number of learners who
we offer places to. The Board has reviewed the vision and mission in January 2024 in the light of the
13

Greencorrid
recent growth and change that Green Corridor has experienced. The board plans to grow the
impact of the charity by increasing learner numbers in a sustainable way, and to consider offering a
broader range of subjectslpothways to potential learners, who are all at similar levels of ability to
the learners we already work with. The strategic plan agreed in January 2024 includes specific
targets and plans to underpin this growth.
Our Partners and Funders
Our work would not be possible without the partners that have worked with us throughout the year,
including our Landlord.. Heathrow Airport Limited (HAL), Local Authorities, various Grant Making Trusts,
HSS limited and the individuals and companies that have donated funds or time to our work. Thank
you. We have worked to develop our volunteering programme this year, and would like to extend our
thanks to the volunteers we have welcomed on to our site during the year, including volunteers from
LexisNexis and Heathrow.
Remuneration Statement
Green Corridor relies on Education, Health and Care Plan (EHCP) funding from our various Local
Authority partners and income from grant awarding bodies,. so, it is critical that these monies are
spent wisely and always to the benefit of our learners to ensure we deliver a high quality and value
for money service. To do this in the year to December 2023 we employed 39 staff (2022 - 51) who
provide the essential tutelage and support services to deliver our education, training and
employment services.
staff costs of £1,208,930 (2022.. £1,362,373) including salaries, pension and national insurances
contributions) make up the largest proportion of the annual cost of running Green Corridor (circa
56/.}. The charity has undertaken a benchmarking exercise in 2023 and will look to ensure salaries
are in line with median pay points for the sector. We have considered the bandings of the roles and
the pay levels of these bands in our September board meeting. In future years this will form a part of
our agenda in the summer board meeting so any pay adjustments can be made in time for the new
academic year in September. In 2023 one member of staff was paid more than £70,000 but less
than £80,000 (2022: One member of staff was paid more than £60,000 but less than £70,000).
Complaints
A total of O complaints were received by the Board during 2023 through the Whistleblowing and
Grievance policies (2022.. 2). This is a decrease of 2 from last year. The board has improved policies
and processes following 2022 which has led to this improved performance. The board monitors
complaints through the whistleblowing and grievance policies very carefully.
One referral was made to the Teacher Referral Agency (TRA) obout a former member of staff and
the board will act on any recommendations when they are received.
14

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Compliance with Fundraising Standards
Green Corridor continues to ensure that all Trustees, staff and volunteers carrying out fundraising
activity act in accordance with the Code of Fundraising Practice as outlined in our Fundraising
Policy. In particular, we will adhere
to the principles of the Code,
namely that our fundraising will
always be legal, honest, open and
respectful.
During the year we did not employ
external professional fundraisers
and we received no complaints
regarding our fundraising
octivities. Our website outlines both
our Fundraising and our Grievance
Policies to the general public. We
also adhere to the Charities
Protection and Social Investment
Act 2016 to ensure we protect
vulnerable people from making
donations to us if they do not have
the mental capacity to do so.
roLtti•
'[My Son] made more progress this year than
in the previous ten. It's changed all our lives.,
Parent whilst picking up ot end of the day
15

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Financial Review
The principal funding sources for the charity during 2023 came from fe*earned income of
£1,304,065(2022.' £1,838,425) which was 64% of total income (2022.. 81y.) from Education, Health and
Care Plans.
Income from donations and grants remains lower than historic at £102,534 (2022: £125,099).
Expenditure of all our income is on activities centred on those whom we try to help as described
above. Our charitable activities focus on linking young people with the environment around them,
engaging with them in volunteering, accredited training programmes and practical education
opportunities to improve their self-confidence and self-esteem, allowing them to move on to
positive destinations after their time with us - either direct employment, a supported internship or
social care.
Reserves and Investment Policies
The Board of Trustees has examined the charity's requirements for reserves in light of the main risks
to the organisation which include loss of donation income and loss of EHCP contracts. The Board
continues to grow its unrestricted reserves in line with policy to an equivalent of 6 months,
expenditure. This year our surplus of £31,614(2022: £266,508) means that our reserves stand at
£628,075(2022'. £596,461) which is 3.6 months, of expenditure. Total reserves including funds
restricted to a specific purpose are £630,888 (2022: £599,274). Our strategy is to continue to build
reserves through future operating surpluses but to also judiciously invest cash reserves to allow for
sustained expansion of our services to accommodate up to 64 learners in our provision.
Risk Management
Trustees are responsible for overseeing the charity's risk management activities. The Board
effectivelymanages Green Corridors risks through a Strategic Risk Register which is a standing
agenda item at Board meetings.
Trustees collate strategic risks into key categories and continue to direct the CEO to reduce these
risks to as low as reasonably practicable in order to allow the charity to meet its objectives.
The Trustees have reviewed the major risks and are satisfied that all possible precautions have been
taken to minimise them. Internal systems and procedures are in place to control all financial
transactionsand ensure that all activities comply with regulations covering the health and safety of
learners, staff, volunteers and visitors.
Statement of Trustees. Responsibilities
The Trustees (who are also directors of Green Corridorfor the purposes of company law) are
responsiblefor preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which
give atrue and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resources, including income and expenditure, of the charitable
company for that period. In preparing those financial statements, the Trustees are required to:
Select suitable accounting policies and then apply them consistently,.
Observe the methods and principles in Charities SORP,.
Make judgments and estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards have been followed, subject to any
materialdepartures disclosed and explained in the financial statements,. and
17

Greencorrid
Prepare the financial statements on a going concern basis unless it is inappropriate to
presume that the company will continue in operation.
The Trustees have considered the charity's ability to continue as a going concern. The charity
currently operates from leased premises for which the lease agreement has not yet been renewed.
The charity is in ongoing discussions with the landlord to secure a renewed lease agreement
While the absence of a formal renewal presents uncertainty, the Trustees have received assurances
from the landlord that the charity may continue to occupy the premises under the current terms
until a new agreement is finalized. Additionally, the charity has adequate financial resources and a
healthy cash flow, which will support operations over the foreseeable future.
The Trustees have reviewed the charity's forecasts and projections, considering the expected
income and expenditure, and they are confident that the charity has sufficient resources to meet its
obligations as they fall due. Based on this, the Trustees have a reasonable expectation that the
charity will be able to continue its operations for the next12 months and beyond. Therefore, the
financial statements have been prepared on a going concern basis.
The Trustees acknowledge the risk that if a new lease agreement is not secured, alternative
arrangements for premises may be required, which could impact the charity's operations
The Trustees are responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and to enable
the Trustees to ensure that the financial statements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware..
There is no relevant audit information of which the charitable company's auditor is unaware,.
The Trustees have taken all steps that they ought to have taken to make themselves aware of
any relevant audit information and to establish that the auditor is aware of that information.
The Trustees are responsible forthe maintenance and integrity of the corporate and financial
informationincluded on the charitable company's website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from legislation in
otherjurisdictions.
Members of the charitable company guarantee to contribute an amount not exceeding £1 to the
assetsof the charitable company in the event of winding up. The total number of such guarantees at
31 December 2022 was seven (2021.. 7). Trustees are members of the charity but this entitles them
only to voting rights. The Trustees have no beneficial interest in the charity.
Trustee Remuneration
No Trustees were paid for their work as Trustees, and the amount of Trustee expenses paid during
the year was £2,544 (2022.. £2,315).
Auditor
MG Audit Services was appointed as the charitable company's auditor during the year.
The Trustees, annual report has been prepared in accordance with small companies, regime under
thecompanies Act 2006.
Approved by the Board and signed on their behalf by
Nicole Jennings( air)
Dated:18th September 2024
18

Greencorrid
Independent Auditor's Report to the
Members
Opinion
We have audited the financial statements of The Green Corridor (the 'charitable company,) for the
year ended 31st December 2023 which comprise the Statement of Financial Activities, Balance Sheet,
statement of Cash Flow and Notes to the Financial statements, including significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The
Financial Reporting Standard applicoble in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31st December
2023 and of its results for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the charitable company in accordance with the ethical requirements that are relevant to our audit
of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Material uncertainty relating to going concern.
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
However, we would like to draw attention to Note 22 of the financial statements which states that the
operating lease agreement for use of the land has expired, and the renewal of this lease is still
outstanding as at the date of our audit report. AS Stated in Note 22, these events or conditions, along
with matters set forth in Note 21, indicate that a material uncertainty exists that may cast significant
doubt on the company's ability to continue as a going concern.
Our opinion is not modified in respect of this matter.
other information
The other information comprises the information included in the trustees annual report, other than
the financial statements and our auditor's report thereon. The trustees are responsible for the other
information contained within the annual report. Our opinion on the financial statements does not
cover the other information and, except to the extent otherwise explicitly stated in our report, we do
not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materialSy inconsistent with
the financial statements, or our knowledge obtained in the course of the audit or otherwise appears
19

Greencorrid
to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in
the financial statements themselves, or a material misstatement of the other information. If, based
on the work we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given for the financial year for which the financial statements are prepared is
consistent with the financial statements; and
the financial statements have been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception.
In the light of our knowledge and understanding of the company and its environment obtained in
the course of the audiL we have not identified material misstatements in the Trustee's report.
We have nothing to report in respect of the following matters where the Companies Act 2006 require
us to report to you if, in our opinion..
the information given in the Trustees, report is inconsistent in any material respect with the
financial statements.
sufficient accounting records have not been kept, or returns adequate for our audit have not
been received,. or
the financial statements are not in agreement with the accounting records,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors of the charitable company for the purposes of company law) are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view,
and for such internal control as the trustees determine is necessary to enable the preparation of
financial statements that are free from material misstatemenL whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustees either intend to
liquidate the charitable company or to cease operations, or have no realistic alternative but to do
so.
Auditor's responsibilities tor the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an auditors
report that includes our opinion. Reasonable assurance is a high level of assurance but is not a
guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the bosis of these financial statements.
20

Greencorrid
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in
respect of irregularities, including fraud.
Based on our understanding of the charitable company and sector, we identified that the principal
risks of non-compliance with laws and regulations related to, but were not limited to, the companies
Act 2006, Charities Act 2011, and other legislation and regulation through the Charity Commission for
England and Wales and we considered the extent to which non-compliance might have a material
effect on the financial Statements. We also considered those laws and regulations that have a direct
impact on the preparation of financial statements.
Our audit procedures included a range of substantive tests, analytical procedures, and risk
assessments that were tailored to the specific characteristics of the charity and its operational
environment. We ossessed the risk of material misstatement due to fraud, including the risk of
management override of controls, and designed our audit procedures accordingly. However, the
following factors affect the extent to which fraud may be detected:
There are inherent limitations in any audit, including the risk that some fraud may go
undetected due to the limitations of audit procedures and the ability of individuals to override
controls or manipulate accounting records.
The detection of fraud often requires the exercise of professional judgment, including the
consideration of indicators, circumstances, and patterns that may suggest fraudulent
activities.
Fraudulent activities may involve collusion among individuals within the charity, and efforts to
conceal such activities can make detection challenging.
Our audit procedures are designed to focus on material misstatements. Therefore, smaller
irregularities or instances of fraud that do not individually or collectively meet the materiality
threshold may not be detected.
Despite these limitations, we conducted our audit in accordance with the International Standards on
Auditing (UK) issued by the Financial Reporting Council (FRC) and followed ethical standards. We
have no reason to believe that material irregularities or fraud, if they exist, have not been
appropriately disclosed or addressed by the charity s management.
AS part of an audit in accordance with ISAS (UK), we exercise professional judgment and mcjintain
professional scepticism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financial statements, whether
due to fraud or error, design and perform audit procedures responsive to those risks, and
obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The
risk of not detecting a material misstatement resulting from fraud is higher than for one
resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the charitable company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by the trustees.
21

Greencorrid
Conclude on the appropriateness of the trustees, use of the going concern basis of
accounting and, based on the audit evidence obtained, whether a material uncertainty exists
related to events or conditions that may cast significant doubt on the charitable companys
ability to continue as a going concern. If we conclude that a material uncertainty exists, we
are required to draw attention in our auditors report to the related disclosures in the financial
statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are
based on the audit evidence obtained up to the date of our auditor's report. However, future
events or conditions may cause the charitable company to cease to continue as a going
concern.
Evaluate the overall presentation, structure, and content of the financial statements, including
the disclosures, and whether the financial statements represent the underlying transactions
and events in a manner that achieves fair presentation (i.e., gives a true and fair view).
Obtain sufficient appropriate audit evidence regarding the financial information of the
business activities of the charity to express an opinion on the financial statements.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.
A further description of our responsibilities is ovailable on Financial Reporting Council's website at:
htt
www.frc.or
.uk
our-work
Audit
Audit-and-Assurance
stondards-and-
uidance
tandards-
uidance-for-auditors
Auditors-res
onsibilities-for-audit
Descri
tion-of-auditors-
onsibilities-for-audit.as
x. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with
Chapter 3 of Part16 of the Companies Act 2006. Our audit work has been undertaken so that we
might state to the charitable company's members those matters we are required to state to them in
an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept
or assume responsibility to anyone other than the charitable company and the charitable
company's members as a body, for our audit work, for this report, or for the opinions we have
formed.
Gavin Fernandes FCA, CTA (Senior Statutory Auditor)
For and on behalf of MG Audit Services Limited, Statutory Auditor
166 College Road
Harrow
HAI IBH
Date................
22

Greencorrid
Financial Report
statement of Financial Activities
Including Income and Expenditure Account, for the year ended 31st December 2023
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
TotalFunds
2022
Income
Not8S
Donations and legacies
Interest received
Charitable activities
otal Income
102,534
5,983
2,035,576
2,144,093
102,534
5,983
2,035,576
2144,093
125,099
989
2,260,671
Z386,759
Expenditure:
Raising funds
Charitable activities
46,506
2,073,824
46,506
2,073,824
27,834
2,101383
Net incomel(expenditure)
before dlsposal of fixed assets
23,763
23,763
257,542
Dlsposal of fixed assets
et Incom81(expendlture)',&.n-
23,763
23,763
257,542
Reconciliatlon of funds
Total funds brought forward
596,461
2,813
13
59g,274
341,732
The statement of financial activities includes all gains and losses recognised in the year. All income
and expenditure derives from continuing activities.
The statement of financial activities complies with the requirements for an income and expenditure
account under the Companies Act 2006.
The notes on pages from 26 to 35 form part of these accounts.
23

Greencorrid
Balance Sheet
As at 31 December 2023
Note
2023
2022
Fixed assets
Tangible Assets
167,305
282,691
Current assets
Debtors
Cash at bank and in hand
10
185,966
370,Q58
556,924
338,007
105,744
443,751
Liabilities:
Creditors.. Amount falling due within one year 11
Net current assets l (liabilities)
(101,192)
(127,168)
455,732
316,583
The funds of the charty.
Restricted income funds
Unrestricted income funds
General Fund
otal charl
14
14
2,813
2,813
620,224
596,461
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting
records which comply with sections 386 and 387 of the Companies Act 2006 and for preparing
accounts which give a true and fair view of the state of affairs of the charity as at the end of the
financiol year and of its incoming resources and application of resources, including its income and
expenditure, for the 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 occounts so
far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part15
of the Companies Act 2006 relating to small companies.
The notes on pages 26 to 35 form port of these accounts.
The accounts were approved by the Board on 18th September 2024
Nicole Jennings (Chair)
Trustee
Charity Registration No. 1092093
Company Registration No. 04267457
24

Greencorrid
statement of Cash Flows
For the year ended 31 December 2023
Note
2023
2022
ows
rom ope ng a
13,132
Cash flov￿ from investing activities
Interest Received
Purchase of fixed assets
5,983
989
(180,430)
cas
us
Cash flow from Financing Activities
Interest Paid
(13,446)
Short-term loan Received
100,000
Short-term Loan Repaid
(91,667)
Change in cash and cash equivalents in the year
Cash ond cash equivalents at the beginning of the year
105,744
272,053
(A) Reconciliation of net income to net cash flow from operating activities:
2023
2022
Net Income l (expenditure) for reporting period (as per statement
of financial activtties)
Interest received
Depreciation charge
Interest Paid
(Profit)/ioss on the disposal of fixed assets
(Increase)/decrease in debtors
Increase/(decrease) in creditors
23,763
257,542
(5,983)
115,386
13,446
(989)
98,018
152,041
(34,309}
220,886
(562,325)
2023
2022
Analysis of cash and cash equivalents
h at bank arKI In hand
25

Greencorrid
Notes to the financial statements for the year ended 31 December 2023
statutory information
The Green Corridor is a charitable company limited by guarantee, registered in England and Wales.
The registered office and principle place of business is Stanwell Moor Road, Staines-upon-Thames,
Middlesel TWI9 6BS. The functional currency is sterling.
Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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), (Charities SORP FRS 102), Companies Act 2006 and the Charities Act 2011.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy or note.
Public benefit entity
The Green Corridor meets the definition of a public benefit entity under FRSIO2.
Going concern
The Trustees do not consider that there are any sources of estimation uncertainty at the reporting
date that have a significant risk of causing materiol adjustment to the carrying amounts of assets
and liabilities within the next reporting period. There are no material uncertainties about The Green
Corridorfs ability to continue as a going concern other than mentioned in Trustee Report and the
charitable company con comfortably operate based on confirmed funding with suff icient reserves.
Income
All incoming resources are included in the Statement of Financial Activities when the charitable
company is legally entitled to the income, it is probable the income will be received and the amount
can be quantified with reasonable accuracy. The following specific policies apply to particular
categories of income..
Where donations and grants are restricted to future accounting periods, they are deferred
and recognised in those future accounting periods. Grants for immediate financial support
and assistance, or to reimburse costs previously incurred, are recognised immediately.
Income from charitable activities comprises training, educational and volunteer programmes
which are included when receivable. Charitable activities also include commissioned work
carried out by The Green Corridor staff and learners and grants awarded for activities
undertaken by the charitable companys project partners.
Donated professional services and donated facilities are recognised as income when the
charity has control over the item or received the service, any conditions associated with the
donation have been met, the receipt of economic benefit from the use by the charity of the
item is probable and that economic benefit can be measured reliably. In accordance with
the Charities SORP (FRS 102), volunteer time is not recognised so refer to the Trustees, annual
report for more information about their contribution. On receipt, donated gifts, professional
services and donated facilities are recognised on the basis of the value of the gift to the
charity which is the amount the charity would have been willing to pay to obtain services or
facilities of equivalent economic benefit on the open market; a corresponding omount is then
recognised in expenditure in the period of receipt.
26

Greencorrid
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity,. this is normally upon notification of the interest paid or payable by the bank.
Expenditure and basis of apportioning costs
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a
third party, it is probable that settlement will be required and the amount of the obligation can be
measured reliably. Expenditure is accounted for on an accruals basis with the irrecoverable element
of VAT included with the item to which it relates and has been classified under headings that
aggregate all costs related to the category.
The allocation basis is reviewed annually and has been updated as follows:
30/0 of the CEO'S time is allocated to governance, 30/ to support costs including
organisational development, with 40/0 allocated to education, training and employment
development and managing frontline staff.
50/0 of the Marketing & HR Officer is allocated to raising funds and 50/. to support.
IOO/o of the Administrator role is allocated to support.
100% of the Premises Staff are allocated to support.
Telephone, insurance, payroll, utilities & security are fully allocated to support.
Accountancy is allocated 50% to governance and 50/ to support
The balance of staff costs and other costs are allocated directly to the frontline delivery of
education, training and employment of young people.
Payments to partners working on specifically funded projects have been disclosed separately in the
statement of Financial Activities and allocated to the period in which the expenditure is incurred.
Tangible fixed assets and depreciation
The charitable company operates a policy of capitalising fixed asset items over £1,000. Tangible fixed
assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off
the cost less estimated residual value of each asset over its expected useful life. The principal
annual rates used for this purpose are:
Plant and machinery: 25/0 on cost
Portocabins.. 33% on cost
Computer Equipment. 33/0 on cost
Motor vehicles: 25/0 on cost
Site improvements & internal building works.. 25/0 on cost
Leasing and hire purchase commitments
Rentals applicable to operating leases where substantiolly all the benefits and risks of ownership
remain with the lessor are charged on a straight line basis over the lease term.
Pensions
The charitable company operates an Auto Enrolment defined contribution pension scheme and
makes contributions equivalent to a minimum of 3/0 of gross salaries on behalf of its employees.
Contributions are charged to the Statement of Financial Activities as they are incurred. The
charitable company has no liability under the scheme other thon for the payment of those
contributions.
Cash at bank and in hand
Cash at bank ond in hand includes cash and short term highly liquid investments. The Trustees seek
to use short term deposits to maximise the return on monies held at the bank and to manage cash
flow.
27

Greencorrid
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financiol
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a
past event that will probably result in a transfer of funds to a third paty and the amount due to
settle the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Fund accounting
Unrestricted funds are donations and other incoming resources received or generated for the
charitable purposes.
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which
meets these criteria is charged to the fund.
Fundraising
The Green Corridor does not use 3rd paty fundraising organisations. Funds are raised through
grants from Trusts, Foundations and Government grants and contracts. A small amount of
donations and funds raised are received from individuals and from partner company charity days
and fundraising efforts.
Donations and Legacies
Unrestricted Restricted
Total
2023
rotol
2022
Other donations
Product Sale
Grant
Heathrow Airport Ltd Gift in Kind - Building & Land
Heathrow Airport Ltd Core Grant
Heathrow Community Trust
Kickstart Grant DWP
,otal
1,683
1,683
10,692
851
100,000
851
100,000
100,000
5,000
6,594
724099
Income from Charitable Activities
Income from charitable actlviti8S
Unrestricted Restricted
Total
2023
Total
2022
Income from Education Health Care Plans
Education and Skills Funding Agency
Income from training provision
Fundraising sales
Corporate Volunteer Days and Other
1,296,214
739,017
1,296,214
739,017
1838,425
392526
3,266
908
25,546
345
345
28

Greencorrid
Analysis of Expenditure
Education
Cost of
Training
ralslng funds Employment
Governance
costs
Support
costs
2023
2023 Total
Staff costs
Direct project costs
Staff training
Audit fees
35,245
1,029,231
242,096
29,228
25,560
118,894
1208,930
24Z096
29,228
6,000
Z544
115R86
100,000
6,000
2,544
Trustee related
Depreciation
Gift in Kind
Volunteer expenses
Premises
Interest Paid
Other costs
otal
Support costs
Governance costs
115,386
100,000
100,683
7,068
13,446
278,803
107,751
13A46
294,949
1,167
7,107
7,872
9,173
921
409,038
41,055
1073 824
(418,211)
(41,976)
otal expendlture
46￿08
Z120230
O* the total expenditure:
2023
2022
Unrestricted
Z120,330
2,117,438
Restricted
Total
1120,330
2,129,217
11,779
29

Greencorrid
Analysls of expendlture - (Continued)
Charitable activities
Education
Training
Employment
Cost of
raising
funds
cvp
Partnership
Governance
costs
Support
costs
2022
2022 Total
Staff costs
Direct project
costs
Staff troining
Audit fees
Trustee
related
Depreciation
Gift in Kind
Volunteer
20,029
1,145,153
42459
154,732
1,362,373
205,228
27,287
11,779
217,007
27,287
5,200
5,200
2,315
2,315
98,018
100,000
98,018
100,000
expenses
Premises
other costs
111,391
5,097
9,202
176,056
120,593
196,424
2,516
12755
Support costs
4,312
323,679
11,999 (339,990)
Governance
costs
977
73,501
(74,478)
Total
expenditure
27,834
Z089,354
11,779
250
Z129217
Net Income for the Year
The net income for the year is stated after charging:
2023
2022
Depreciation of tangible fixed assets owned by the charitable company
Operating lease rentals,. equipment
Audit
115,386
271
6,000
g8,018
271
5,200
30

Greencorrid
staff Costs
Staff costs during the year were..
2023
2022
Salaries and wages
Social Security costs
other pension costs
otal
1,088,809
96,437
23,684
1208,930,.
1,223,382
110,132
Number of Employees
The average number of monthly employees during the year was..
2023
34
2022
45
Training
Support
The key management personnel of the charitable company included the Trustees and Chief
Executive Officer. Total employee benefits paid to key management personnel including NIC and
pension were £238,461 (2022.. £109,379).
Comparative - Statement of Financial Activities
Statement of Financial Activities for the year ended 31 December 2022
Total
Funds
2022
Unrastnct8d R8StnGted
Funds
Funds
Incon
Donations and legacies
Interest received
Charitable activities
Notes
122286
989
2260,671
2813
125,099
989
2,260,671
Expenditura.
Raising funds
Charitable activities
27,834
2,089,604
27,834
2,101,383
11,779
N8tinGom8/(ew8nditure) before disposolof rued assets
266,508
(8 966)
257,542
Disposalof f£Yad assets
ON8t1ncomo/(expendknra) andnetmov8m8nt/n
266,508
257,542
R8Gonciliation of funds
Total funds brought forward
329,953
11,779
341732
31

Greencorrid
Tangible Fixed Assets
Computer
Equipment
Plant &
Motor
Machinery Vehicles
Itchen
Site
Total
Cost
At l January 2023
Additions at cost
Disposals
14t 31 December 2023
Depreciation:
At l January 2023
Charge for year
On disposals
81 Decémber
Net book value:
t 31 December
At 31 December 2022
65,100
149,738
20,919
78,254 241,670
555,681
85,100
149,738
20,919
78254 241670
555,681
37,291
15,277
91,231
39,690
20,919
78,254 45,295
60,419
272,990
115,386
27,809
58,507
196,375
282691
10 Debtors
Due within one year:
2023
2022
Trade debtors
Accrued income and other debtors
Prepayments
93,607
825TI
9,782
184986
332,860
3,713
11
Creditors
Amounts falling due within one yeor..
2023
2022
Trade creditors
Social Security and other taxes
Pension
Other creditors
Accruals
Deferred income
Bank Loan
16,608
27,992
10,482
211
32,888
3,641
9,370
101,192
65,050
26,606
5,723
210
15,449
14,130
13
12 Analysis of net assets between funds
Unrestricted Restricted 2023 Total 2022 Total
Funds
Funds
Funds
Funds
Fund Balances at 31 December are represented by..
Tangible Fixed Assets
Current Assets
Creditors.. Amounts falling due
within one year
167,305
554,111
167,305
556,g24
282691
443,751
2,813
(101,192)
(101,192) (127,168)
32

Greencorrid
13 Deferred Income
2023
Deferred income on 01 January 2023
Resources Deferred in the period
Amount Released from previous period
Deferred income at the year-end 31 December 2023
14,130
3,641
(14,130)
3,641
14 Funds
The income funds of the charity include restricted and unrestricted funds comprising the following
unexpended balances of donations and grants held on trust..
At
Incoming
01 Jan 2023
Outgolng
At
31 Dec 2023
Restricted Funds
Heathrow Community Trust
otal Restrfcted F.u
Unrestricted fund
General funds
2,813
2,813
596A61
ZI44093
(2,120R30)
620224
otal funds
599274
ZI44093
Z120R30
624037
Restricted Funds- description
Heathrow Community Trust.. funding to purchase equipment to facilitate student enrichment
activities
Funds- Comparative 2022
The income funds of the charity include restricted and unrestricted funds comprising the following
unexpended balances of donations and grants held on trust..
At
OlJan-2022
Incoming
Outgoing
At
31Dec-2022
RestnctedFunds
Project partner funding
Partner funding - Crane Valley restoration
Heathrow Community Trust
11779
(11,779)
2,813
2813
2813
11779
Unr8Stnctedfvnd&'
Gen8ralfunds
2384946
(2117338)
594461
33

Greencorrid
15 Analysis of Net funds
At IstJanuary
2023
Cash
Flow
othernon-cash
changes
At 31stDec8mber
2023
Cash at hand and in bank
Debt due within one year
N8t d8bt
105,744
265214
(9,370)
105744 255
870 958
(9,370)
361588
16 Taxation
The charitable company is registered as a charity and all of its income falls within the exemptions
under Part11 of the Corporation Tax Act 2010.
17
Related parties
There are no related party transactions to disclose for 2023 (2022.. none). There are no donations
from related parties which are outside the normal course of business and no restricted donations
from related parties.
18 Trustees
None of the trustees (or any person connected with them) received any remuneration from the
charity during the year. Reimbursements claimed by one trustee £62.50 in 2023 (2022.. £nil) for
travelling and other expenses and no payments were made direct to third parties.
19
Pension and other post-retirement benefit commitments
Defined contribution
2023
2022
Contributions payable by the charitable company for the year
23,684
28,859
At 31 December 2023 £10481.68 was outstanding.(2022: £5,157).
20 Operating lease commitments
The charitable companys total future minimum lease payments under non-cancellable operating
leases is as follows for each of the following periods.
Equipment
2023
2022
Less than one year
One to five years
245
551
245
551
21 Gift in Kind
The premises from which the charitable organisation operates on a lease from Heathrow Airport
Limited. The current lease agreement expired in 2023. The trustees are confident that a new lease
will be signed at a consideration of I peppercorn per annum. The lease rent I benefit received is
recognised in the accounts at the annual rental equivalent value of £lOO,000 (2022 - £100,000).
34

Greencorrid
22 Going Concern
The financial statements have been prepared on o going concern basis. The charity operates from
premises with an expired lease, and negotiations for a new agreement are ongoing. The Trustees
have received assurances that the charity may continue to occupy the premises under existing
terms until the lease is renewed.
23 Contingent assets or liabilities
There are no contingent assets or liabilities in December 2023 (2022.. Nil).
24 Professional indemnity insurance
The charitable company has insurance to protect it from loss arising from the neglect or defaults of
its Trustees, employees and agents and to indemnify the Trustees or other officers against the
consequences of any neglect or default on their part. The insurance premium paid by the
charitable company during the year totalled £526 (2022: £490).
25 Liability of members
The Green Corridor is a company limited by guarantee and has no share capital. In the event of the
company being wound up, the liability of the members is limited to £1 each.
26 Ultimate controlling party
The charitable company was under the control of the Trustees during the period under review. There
is no single ultimate controlling party.
35

hv.
1111111111;.7'
s *•
'Green Corridor is amazing,
Local Authority SENCO during site visit