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Openino minds Opening opportunitie:
Annual Report
Financial Statements
year ending 31st December 2024

Greencorrid
'Being here has made a huge difference
from when she was at school.,
Parent During Annual Review

Greencorrid
Contents
Contents...................
Chair's introduction...................
CEO'S introduction....................................................................
About Green Corridor................................................................................................................................................................
Activities, Achievements and Performance..................................................
A new 3 year strategy for 2024-2026...............................................
Learners, Destinations 2024.......
Therapies.............
Equality, Diversity and Inclusion................................................................................................................-..-....-..................
Ofsted....................................................................................... ...
.10
-10
Our Staff - Thanks..............
Subsequent Events......................
Reference and Administrative Information............................................................................................................................................12
Trustees........................................................................
-12
Trustees Statement........................................................................................................................................................................................................13
structure, Governance and Management......
Future Plans.....
.13
..15
Our Partners and Funders.........................................
-15
Remuneration Statement............................................................................................................................................ .....
.15
Complaints.......................................................................................
Compliance with Fundraising Standards............................................................................................
Financial Review..............
-15
.16
.17
Independent Auditor's Report to the Trustees............................................................................................
Statement of Financial Activities.
..20
..24
Balance Sheet.............................................................................................................
..25
Statement of cash flows........................................................................................................
..26
Notes to the financial statements for the year ended 31 December 2024...........................................................27

Chair's introduction
l am delighted to introduce our annual report for 2024.
At Green Corridor we continue our mission to provide young people with Special Educational Needs
with a high quality, safe, positive, and enriching learning experience. We provide study plans centred
around horticulture or catering alongside a functional I general skills programme. It is our intent to
harness the unique strengths and abilities of our learners, so they are happy and confident to take
their next steps and are prepared to enjoy life. Each of our learners. transitions to a destination that is
best for them, including working, further education and accessing the community.
2024 has been year of stabilisation, we continue to update the learning pathways, curriculum,
navigated changes to government policy and refreshed our board, with the introduction of three new
trustees, enabled through the stepping down of two longstanding trustees. We implemented a new
governance structure across the board of trustees and senior leadership team, which has had an
immediate positive impact, improved communication, and oversight.
The audited financial information in this annual report demonstrates that despite headwinds created
by increased costs and lower learner numbers, Green Corridor is well placed financially as we close
2024 and move into 2025, with increased number of offers and acceptances for our September 2025
intake.
We have continued to refresh and make changes to the site, curriculum and most recently updated
our strategy. The strategy continues to be central to all plans, activity, and objectives for the current
and future years.
The response to all of these demonstrates the dedication of the entire team at Green Corridor and the
effort to create an environment that provides a place for all learner and staff to thrive. I thank the team
at Green Corridor for their dedication and hard work every day.
I would also like to take this opportunity to say thank you to all of our supporters and volunteers,
throughout the past year, in particular Heathrow Airport, dnata, Sunbelt Rentals, Stockley Park, Wilson
James & St Peter's Hospital, whose continued support is crucial to Green Corridor. This year these
companies have committed, time, space, equipment, and funds to supporting Green Corridor and this
has enabled us to look at further enriching the educational offering and experiences available.
As we look to coming year, we are pleased to welcome new and existing learners, continue to expand
the offering at Green Corridor and improve the site to provide the best possible experience for our
learners and staff.
Nicole Jennings
Chair of the board of trustees
20 June 2025

Greencorrid
CEO'S introduction
l am proud to introduce this annual report for 2024. Green Corridor continues to
go from strength to strength and our learners have achieved many amazing
things, often beyond their expectations and previous outcomes. Their progress is
down to a combination of their hard work and the dedication of the staff team,
trustees and volunteers. Highlights include the visit of the scissor truck from dnata
that marked the beginning of a new partnership giving opportunities to our
learners as well as our staff, the new PEP pathway and our partnership with
Sunbelt Rentals.
The end of the academic year in July saw a number of learners passing qualifications: we celebrated 41
entry level qualifications and l Level l and I level 2, including many learners who had not achieved
formal qualifications before. The end of year party proved to be a great opportunity to celebrate their
success with the whole of Green Corridor.
September saw the launch of the pilot 'Personalised Employability Pathway, (PEP) which was just a
single class in its first year, tutored by an experienced member of staff moving over from Horticulture.
We have seen an increase in applications to this pathway in the autumn and expect this pathway to
grow to 2 or 3 classes in 2025. Broadening our offer to help more learners experience Green Corridor
came as a direct result of the strategy day reported on elsewhere.
We are very grateful for the number of volunteers who helped us this year - from the dedication of our
trustees to over100 volunteers, who worked with us either via various employers charity volunteer day
schemes or from their own initiative which mean that our site continues to look beautiful all year round,
and particularly in the growing season.
We have been continuing to grow our partnerships and recently we had a Road Safety awareness day
run by Sunbelt. This was an essential and significant day for our learners and in our mission to help
them become independent individuals, road safety is a large part of this.
Our Board of Trustees and Senior Leadership Team held a Strategy awayday to establish Green
Corridor's strategic plans and we are excited to see this growth come to life as we continuo to lay solid
foundations for the future.
Since our last report, we have had a few changes in our Board of Trustees. In the summer, we said
goodbye to one of our longest serving trustees Arnie who has contributed significantly to our growth
and development over the years. At the same time, we welcome three new Trustees, Jason, Marisa, and
Adam. Each bring a wealth of knowledge and experience. We will also be saying goodbye to Ashley this
summer. Whilst we are always sad to see Trustees go, we are extremely grateful to Arnio and Ashley for
everything they have done for Green Corridor.
David Welch
Chief Executive Officer

Greencorrid
About Green Corridor
Green Corridor is a charity that runs a Special Post-16 Institution (spi) for learners aged16-25 with an
Education Health and Care Plan (EHCP). We specialise in Autism, working with about 50 learners each
year on our site in Stanwell Moor, near Heathrow Terminal 5. Many of our learners have additional
therapy funded through their EHCP, with over half having either Occupational Therapy or Speech and
Language Therapy or both. During 2024 We offered learners Horticulture, Catering or our new
Personalised Employment pathways, alongside functional skills, PSHE 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 employmenL a supported
internship or social care.
Activities, Achievements and Performance
A new 3 year strategy for 2024-2026
As noted under 'subsequent events, in our 2023 repor¢ the trustees met and agreed an ambitious new
strategy in January 2024, focusing the leadership of the charity on 4 priorities for the next 3 years.
The trustees agreed that at Green Corridor our mission is that 'We provide young people with Special
Educational Needs with a safe, positive & enriching, quality learning experience,
Our Ambition
We are ambitious for our learners, and the trustees agreed that Green Corridor is seeking 'To make the
best of our learners so they are happy, content & confident to take their next steps & are equipped to
enjoy life. Each learner will transition to a destination that is best for them, including working, further
education & accessing the community.,
Our 4 Priorities
Service Offering
We want to prioritise what makes us different from other providers and to continue to develop our
expertise and excellence. We are focused on our learners and ensuring that we are clear on whose
needs we can meet. We want to offer a compelling curriculum that draws learners to our offering
alongside supporting learners as they transition into and out of Green Corridor.
2. Strategic Partnerships
Green Corridor has built excellent links to the local communities that we serve over recent years, and
we are prioritising further developing these partnerships - with local employers, other Further Education
providers, local charities and supporting our learners, families. This is to build connections that will
improve outcomes for our learners and given them opportunities that would otherwise not be available
to them.
3. Standards
Our work is only possible if we meet the standards expected of a Special Post-16 Institution and a well-
run charity. We are accountable to the Charity Commission and Ofsted and seek to exceed the
standards expected of us. We do this via good leadership and governance, staff training, the colleague
proposition, good safeguarding systems and by measuring and improving our environmental impact.

Green
4. Sustainable Model
We are seeking to be a charity here for the long term - providing our services and impacting learners
long into the future. To do so we are prioritising work on our funding model and fee structures which,
along with a focus on our costs, will help Local Authorities in their duty to get best value for their
residents. We are also improving the way that we tell the story of our work to our key stakeholders and
partners.
OL7r Ilalua-
lljreacl in 2C23
As noted in our previous annual reporL the trustees agreed 3 values in July 2023 that Green Corridor
stands for: Openness, Learning and Respect. We seek to model these in all our work - from the way we
deal with staff and learners to the relationships we have with Local Authorities and our feeder schools.
Year I strategy Progress
Following the agreed strategy, the Senior Leadership Team (SLT) led by the CEO have worked hard to
implement the first year of the plan. In September 2024 we launched the new pathway ('Personalised
Employment Pathway,) to improve our service offering in response to the requests of potential learners
as assessed on our open days. The pathway has included 4 new learners in a pilot scheme in 2024, and
applications for the pathway in 2025 mean that we are expecting to add new classes in September
2025. We have also clarified our odmissions criteria for 2024 to help potential learners and families
understand the profile of learners whose needs we are able to meet on our site. These new approaches
led to14/. growth from 43 learners on roll in Jan-July 2024 to 49 on roll in September 2024.
Working with local partners has led to an increase in the number and type of work experience
placements that we are able to offer our learners. We offer learners placements with 11 different
partners (2023 we offered placements with 8 different partners). These include placements with Wilson
James (who provide security services), Dovecote café (a local SEN café) and the Heathrow Special
Needs Farm.
other partnership working has led to a large charitable donation of £12,000 from Sunbelt Rentals and
since the year end, dnata has committed to donating £120,000 of Apprenticeship Levy funding for us to
train our staff in 2025, which will be used during 2025 and onwards. The trustees are grateful for the
support of the local organisations and are looking forward to fostering even closer ties in 2025.
We have improved our colleague offer during the yeor - our annual benchmarking exercise resulted in
new pay bands, and we have registered with the 'Living Wage Foundation, as a living wage employer -
demonstrating our commitment to ensuring that staff are paid a fair day's pay for a fair day's work. We
have also changed our EAP provider to one more aligned with our values. On top of this we have looked
at ways to relieve pressure on staff by introducing a cleaning company to give our TA staff more time
to do other elements of the role. We are actively looking at further improving the colleague offer in 2025.
During 2024 we revised our fee structure and charging model, seeking to more closely align the fees
that we charge with the costs that we incur. The trustees seek to ensure that each programme is self-
funding, and that we avoid cross-subsidising between the various programmes that we offer. This
revised fee structure has achieved its goal of simplitying our charging and offer making process
without increasing the overall average cost per learner. Increased income reported during the year is
resulting from increased learner numbers on roll.
We are keen to ensure that Green Corridor is fit for today and prepared for the future. As such we
believe that understanding and reducing our environmental impact is an important part of our

Green
responsibility to our community. We struggled to complete an audit in 2024 due to difficulties finding a
suitable audit partner but expect to do so early in 2025 with a view to understanding our carbon
footprint and working to reduce corbon emissions from our work.
Learners. Destinations 2024
At Green Corridor, we pride ourselves on supporting our learners, transitions to meaningful
opportunities after they complete their time with us. Our dedicated Careers Lead works individually with
each learner throughout their journey, ensuring they are well-prepared for their next steps.
Our tracking shows that our 2024 graduates have successfully transitioned into four main pathways..
Direct Employment One of our learners secured a position with a local scaffolding firm.
2. Supported Internships: We've established valuable partnerships with local Supported Internship
including a prestigious hotel group and a major shopping centre, providing three of our learners
with structured workplace experiences that often lead to permanent positions.
3. Further Study: Six of our learners choose to continue their educational journey with other
providers, building upon the foundation we've helped them establish.
4. Social Care.. We worked closely with local authorities to ensure appropriate social care
arrangements for three of OLir learners who required ongoing support.
Many of our leavers return to visit, sharing their successes with both staff and learners and maintaining
the supportive relationships theY￿e built here.
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 2024 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 lef¢ 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
2024 destinations are shown in the graph.
Apprenticeshit4 Unknown I
Inclusion...
Supp
InLern
Further Study
Employment
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

Greencorrid
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 2024, 4 required reporting to the Local Authority. These are logged by the Safeguarding Team and
trustees regularly monitor all incidents and
actions including those not meeting the
threshold for reporting. The staff safeguarding
team meets weekly with additional meetings as
required. The SENCO meeting 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.
Our Safeguarding trustee has changed from
Arnie Wickens to Marisa Sefton and We want to
thank Arnie for all of his hard work and dedication
to the board and the safeguarding sub-
committee during his time working with Green
Corridor.
'Green Corridor changed
my son's life,
Parent, During site visit
Admissions Criteria
The opening of the new pathway agreed by the
board in January 2024 has led to a broadening of
the cohort of learners on site. Whilst we remain committed to the new needs profile criteria of 2023, we
-are now able to make offers to a more diverse rang-. of learners in terms of their subject preferences.
Many learners come to us from school at age16 or18, and like many young people this age they are
not clear on what they want to do longer term. Our historic catering and horticulture pathways work
well for learners interested in working in those industries, learners who were not sure what they wanted
to do were not suited to these and we were not able to meet their needs. The new pathway means that
we are now able to meet the needs of learners who have similar needs profiles but are unsure about
their future career aspirations, and therefore we can now meet their needs and admit them to Green
Corridor. This has also increased the gender diversity of learners on roll.
Therapies
We offer learners therapies as dictated by their needs outlined in their EHCPS. This is mainly 37 Learners
who have Occupational Therapy (OT) and 43 learners who have Speech and Language Therapy (SaLT).
We also offer physiotherapy to 4 learners and counselling to 7 learners. The SENCO works in
collaboration with therapists and therapy assistants to ensure every learner receives the appropriate
type and quantity of therapy they require as outline on each individual EHCP. Both formal and informal
assessments throughout the year onsure progress is monitored effectively.

Greencorrid
Equality, Diversity and Inclusion
We have reviewed and reflected on our recruitment processes, to ensure that our selection process is
fair, reviewing job descriptions every time we recruit to ensure they are based on essential
requirements for the role, and we give a flavour of interview questions to candidates in advance of the
interview to support our neurodiverse candidates, for a number of our roles we do a practical
assessment as well as interview, we will look to expand this to the majority of roles. We have gone from
9 % in 2022, to 22/0 in 2023 to 27.5/0 who do not identify as white British during 2024. This is much closer to
the 51.82/0 of residents in the local community of Hillingdon, 52% of residents in Hounslow, and larger
than the15.5/0 of Surrey residents who identity os non-white British. 46/0 of employees consider
themselves to have a disability, learning difficulty or on going health condition. During the period of this
report, 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 os our
recruitment. We intend to adapt our processes further in order to improve our inclusivity and reduce
barriers for neurodiverse applicants and employees.
Our Gender pay gap for 2024 was 0.88/0 median (14.18/0 mean), this is slightly larger than 2023, where it
was -2.4% median (9/0 mean), with lower quartile 20% male, 80/ female lower middle quartile, 32/.
male, 68/. female, upper middle quartile 42/0 male, 58/ female, and upper quartile, 30/0 male and 70/.
female. With only the lower quartile changing from with lower quartile 36/. male, 64% female in 2023 to
27/d male and 73/. female between 2023 and 2024. Men make up 30/0 of our'Norkforce.
Ofsted
The charity is registered with Ofsted (number'.146362). Wo were last inspected by Ofsted on 29th and
30th November 2023, with the report published by Ofsted in February 2024. We reported on this in our
2023 annual report. We anticipate a full inspection within18 months of the publication of this Ofsted
report. The board is monitoring the changing inspection landscape carefully as we are aware that our
next inspection may use different measurables and grading criteria. We continue to focus on the areas
outlined in the Ofsted report and remain determined to improve outcomes for all our learners.
A particular focus for 2024 was ensuring that all our learners progress is monitored and reviewed,
leading to greater collaboration across departments and targeted interventions where necessary. We
hove also focused on improving our therapy offer which led to a new approach being taken by the
therapy team, including working with a new therapy provider.
Green Corridor remains committed to ensuring that the quality of our provision does not get diluted by
the organic growth that is planned for 2025, which means that our future strategy includes increasing
our investment in quality during the coming year.
10

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Our Staff - Thanks
2024 has been a year of continued and sustained growth and improvement, none of which would be
possible without our wonderful staff and volunteers. Green Corridor ends the year in a strong financial
and staff position for 2025 with exciting plans for both strategic and organic growth in the coming
years. Green Corridor remains a life changing place for our learners who make good progress in our
provision and is now a place where staff also talk about the positive experience that working here is.
Our staff do more for our learners than the norm, and we want to put on record our thanks to them.
The board wishes to extend particular thanks for the work of the volunteers at Green Corridor, including
2 trustees who resigned during the year.. the former Chair of Trustees, Ruth Kennedy whose determined
leadership was vital to the charity during her time as chair and Arnie Wickens who as our longest
serving trustee and Designated Safeguarding Trustee has given many hours to ensure the safety of our
learners and Green Corridor's current success. Thank you.
Subsequent Events
In early 2025 the board met to assess progress against the 3 year strategy and to consider future goals
and plans. The board reaff irmed their strategy and agreed further goals for 2025-2027.

Greencorrid
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 are also directors under company law, who served during the year and up to the date of
this report were as follows"
Ruth Kennedy (Chair) Iresigned 25th Jan 2024]
Arnie Wickens (resigned 18th Sep 2024)
Nigel Fishwick (Vice Chair) Iresigned as Vice Chair 25th Jan 241
Nicole Jennings (Chair) [appointed Chair 25th Jan 2024]
Amanda Owen (Vice Chair) [appointed as vice Chair 25th Jan 20241
Gareth Hughes
Ashley de Safrin
Jim Snaith (appointed 22" Feb 2024)
Jo Salsbury (appointed 22" Feb 2024)
Jason Knight (appointed 18th Sep 2024)
Marisa Sefton (appointed 18th Sept 2024)
Adam Sunderland (appointed 18th Sep 2024)
David Welch.. Chief Executive Officer
Tim Whitelaw.. Head of Education
Dawn Mowbray.. Careers Lead
Sarah Jones.. HR manager
Lily Mccurdy: SENCO
Key management personnel
Registered office and
operational address:
Green Corridor,
Main Rood Nurseries, Stanwell Moor Road,
Staines-upon-Thames. TWI9 6BS
Web address and phone number: www.greencorridor.org.uk
01753 687236
Auditor
Azets Audit Services, Gladstone House, 77-79 High Street, Egham
Surrey TW20 9HY
Bankers
CAF Bank Limited
Virgin Money PLC
25 Kings Hill Avenue Jubilee House
Kings Hill,
Gosforth
West Malling
Newcastle upon Tyne
Ken¢ ME19 4JQ
NE3 4PL
Lloyds Bank PLC
PO Box 1000
Andover
BX1 1LT
Solicitors
Russell-cooke Solicitors
2 Putney Hill, London, SW15 6AB
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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 2024. The information
contained on pages 3-13 forms part of the Trustees report and should be read in conjunction with it.
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
company's Articles are known as members of the Trustee Board. In setting the activities of the charity,
the trustees have had due regard to the public benefit guidance issued by the charity commission.
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 office 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 office (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.
13

Greencorrid
All new Trustees undertake an induction process including a briefing on our Strategic Plan, current 3-
year Business Plon, Strategic Risk Register and access to a range of Charity Commission 'Essentials'
series such as charity finances. To increase the contribution that new Trustees can 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 (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 2024 for formal business meetings.
'He is so happy at Green Corridor. He is
happy to get into the taxi to go to GC
and every day, he comes home happy
too,.
Parent of learner
14

Greencorrid
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 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
subjectslpathways 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,
Sunbelt Rentals, dnata, Wilson James Ltd 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 2024 we employed 42 staff (2023 - 39) who provide the
essential tutelage and support services to deliver our education, training and employment services.
Staff costs of £1,373,268 (2023.. £1,208,930) including salaries, pension and national insurance
contributions make up the largest proportion of the annual cost of running Green Corridor (circa 64/.).
The charity has undertaken a benchmarking exercise in 2024 and continues to ensure salaries are in
line with median pay points for the sector. The trustees consider the bandings of the roles and the pay
levels of these bands in our June board meeting each year and considers the advice of the REMCO
subcommittee in all matters related to pay. A pay proposal is drafted by the HR Manager ond CEO for
the REMCO to consider which is presented to the full board for approval. Pay of key management
personnel is considered by REMCO as part of this process. CEO pay is reserved to the board and
discussed at the June meeting without any staff members present. Any pay adjustments are made in
time for the new academic year in September. In 2024 one member of staff was paid more than
£80,000 but less than £90,000 (2023: One member of staff was paid more than £70,000).
Complaints
A total of O complaints were received by the Board during 2024 through the Whistleblowing and
Grievance policies (2023: 0). This is unchanged on last year. The board's improved policies and
processes continue to tackle issues pre-emptively and successfully. The board monitors complaints
through the whistleblowing and grievance policies very carefully.
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One referral was made to the Teacher Referral Agency (TRA) in 2023 about a former member of staff
and the board will act on any recommendations when they are received. The backlog at the TRA
means that no formal recommendations have been so far received.
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 out￿Ined 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 activities. Our website outlines
both our Fundraising ond 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.
Trustee Insurance
'[My Daughter] is happier at Green
Corridor than her previous school,
Parent during annual review
Trustees benefit from the professional indemnity insurance purchased by the charitable company.
Further details are given in note 22.
16

Greencorrid
Financial Review
The principal funding sources for the charity during 2024 came from fee-earned income of £1,300,922
(2023". £1,304,065) which was 66/0 of total income (2023.. 64/) from Education, Health and Care Plans
and Direct Funding from ESFA (Education & Skills Funding Agency) of £667,533 (2023: 739,017). This
increase in fe@-earned income is as a direct result of the charity's strategy to increase the number of
learners referred on Educational Health Care Plans from local authorities.
Income from donations and grants remains lower than historic trends due to the continued impact of
Covid at £192,112 (2023.. £102,534). This includes provision of our site, grant funding from National Lottery
and DfE Capital Funds. DfE revenue is recognised as part of the fee earned income above.
Expenditure of all our income is on activities centred on those whom we try to help as described above.
All our charitable activities focus on linking young people with the environment around them, engaging
them in volunteering, accredited training programmes and practical education opportunities to
improvetheir 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 unrestricted surplus of £194,417 (2023.. £23,763) means that our unrestricted reserves stand at
£814,641 (2023.. £620,224) which is 5.0 months of expenditure. We are 1.0 months (£161,492) below our 6-
month targe¢ which we forecast to achieve in the early months of 2025. £99,481 (2023: £167,305) of the
charity's unrestricted reserves comprises tangible fixed assets. As such, the charity's free reserves at 31
December 2024 were £715,160 (2023: £452,91g).
In addition to our unrestricted reserves, we have additional restricted reserves totalling £32,000(made
up of Lottery fund £20,000 and Sunbelt £12,000, both of which have funded the purchase of a minibus in
2025). Total reserves including funds restricted to a specific purpose are £846,641 (2023.. £623,037). 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 effectively
manages Green Corridor's 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 board have
identified strategic risks allied to Governance, Finance and operational risks which include changes to
government policy and process as well as ensuring that key relationships which enable Green Corridor
to operate are maintained at multiple levels within both Green Corridor and our partners.
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 transactions
and ensure that all activities comply with regulations covering the health and safety of learners, staff,
volunteers and visitors.
18

Greencorrid
statement of Trustees. Responsibilities
The Trustees (who are also directors of Green Corridor for the purposes of company law) are responsible
for 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 a
true 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 material
departures disclosed and explained in the financial statements; and
Prepare the financial statements on a going concern basis unless it is inappropriate to
presumethat the company will continue in operation.
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 for the 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 other
jurisdictions. 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 2024 was 10 (2023: 8). 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 £0 (2023.. £62.50)
Auditor
Azets Audit Services was appointed as the choritable company's auditor during the year. The Trustees.
annual report has been prepared in accordance with small companies, regime under the Companies
Act 2006.
Approved by the Board on 20th June 2025 and signed on their behalf by
Nicole Jennings ( air)
Dated.. 20th June 2025
19

Greencorrid
Independent Auditor's Report to the Trustees
Qpinion
We have audited the financial statements of The Green Corridor (the 'charitable company.) for the year
ended 31st December 2024 which comprise the Statement of Financial Activities, the 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 applicable 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 2024,
and of its incoming resources and application of resources, including its income and expenditure,
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 thot 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.
Conclusions 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.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charitable
company s ability to continue as a going concern for a period of at least twelve months from when the
financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described
in the relevant sections of this report.
othar 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.
Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements, or our knowledge obtained in
20

Greencorrid
the course of the audit or otherwise appears 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. 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.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report, including the directors, report prepared for the
purposes of company law, for the financial year for which the financial statements are prepared
is consistent with the financial statements; and
the directors, report included within the trustees, report have been prepared in accordance with
applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment
obtained in the course of the audit, wo have not identified material misstatements in the directors,
report included within the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the
trustees, report and from the requirement to prepare a strategic report.
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 misstatement, 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 for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as o whole
are free from matorial misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
21

Greencorrid
oudit 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 basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms
part of our auditor's report.
Extent to which the audit was considered capable of detecting irregularities, including
fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's
website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely
future developments, including in relation to the legal and regulatory framework applicable and how
the entity is complying with that framework. Based on this understanding, we 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. This includes consideration of the risk of acts by the
entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud,
we designed procedures which included:
Enquiry of management and those charged with governance around actual and potential
litigation and claims as well as actual, suspected and alleged fraud,.
Reviewing minutes of meetings of those charged with governance;
Assessing the extent of compliance with the laws and regulations considered to have a direct
material effect on the financial statements or the operations of the company through enquiry
and inspection
Reviewing financial statement disclosures and testing to supporting documentation to assess
compliance with applicable laws and regulations.
Performing audit work over the risk of management override of controls, including testing of
journal entries and other adjustments for appropriateness, evaluating the business rationale of
significant transactions outside the normal course of business and revieing accounting
estimates for bias.
Bocause of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the
events and transactions reflected in the financial statements, as we will be less likely to become aware
of instances of non-compliance. The risk of not detecting a material misstatement arising from fraud is
also higher than for one resulting from error, as fraud may involve collusion, forgery, interntional
omissions, misrepresentations, or the override of internal control.
Use of our report
This report is made solely to tho 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
22

Greencorrid
state to the charitable companys members those matters we are required to state to them in an
auditor's 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.
Paul Creasey (Senior Statutory Auditor)
For and on behalf of Azets Audit Services
Gladstone House
77-79 High Street
Egham Surrey
TW20 9HY
Date: 2010612025
23

Greencorrid
Financial Report
Statement of Financial Activities
Including Income and Expenditure Account, for the year ended 31st December 2024
Total
Total
Unrestricted Restricted
Funds
Funds
Funds
Funds
2024
2023
Income
Notes
Donations and legacies 3
Interest received
110,436
81,676
192,112
102,534
12,281
12,281
5,983
Charitable activities
1,300,922
667,533
1,968,455
2,035,576
Total income
1.423,639
749.209
2.172.848
2.144.093
Expenditure:
Raising funds
Charitable activities
25,620
25,620
46,505
1,203,602
720,022
1,923,624
2,073,825
Total expenditure
Net incomel(expenditure) and net movement in
1.229,222
720,022
1,949.244
2.120.330
funds for the year
Reconciliation of funds
Total funds brought fonmard
194,417
29,187
223,604
23,763
620,224
2,813
623,037
599,274
Total funds carried forward
£ 814.641
£ 32,000
£ 846,641
£ 623,037
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 requiroments for an income and expenditure account under the Companies Act
2006. The notes on pages 27 to 38 form part of these accounts.
24

Greencorrid
Balance Sheet
As at 31 December2024
Note
2024
2023
Fixed assets
Tangible Assets
99,481
167,305
Current assets
Debtors
Cash at bank and in hand
10
68,635
762,100
185,966
370,958
830,735
556,924
Liabilities:
Creditors: Amount falling due within
one year
(83,575)
(101,192)
Net current assets
747,160
455,732
Net assets
846.641
623,037
The funds of the charity:
Restricted income funds
Unrestricted income funds
General reserve
14
32,000
2,813
814,641
620,224
Total charity funds
846.641
623,037
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 27 to 38 form part of these accounts.
The accounts were approved by the Board on 20th June 2025
Nicole Jennings (Chair)
Trustee
Charity Registration No.1092093. Company Registration No. 04267457
25

Greencorrid
Statement of cash tlows
For theyear ended 31 December 2024
Note
2024
2023
Cash flows from operating activities
413,574
264,344
Cash flows from investing activities
Interest received
12,281
5,983
Purchase of fixed assets
(25,343)
Net cash used inl(provided by) investing
activities
(13.062)
5,983
Cash flow from financing activities
Interest paid
(1,037)
(13,446)
Short term loan received
100,000
(91,667)
Short term loan repaid
(8,333)
Net cash used inl(provided by) financing
activities
(9,370)
(5.113)
Change in cash and cash equivalents in the
year
Cash and cash equivalents at the beginning of
the year
Cash and cash equivalents at the end of the
year
391,142
265,214
370,958
105,744
762,100
370,958
(A) Reconciliation of net income to net cash flow from operating
activities:
2024
2023
Net income l (expenditure) for reporting
period (as per statement of financial
activities)
Interest received
223,604
(12,281)
23,763
(5,983)
Interest paid
1,037
13,446
26

Greencorrid
Depreciation charge
93,167
115,386
(Increase)/decrease in debtors
Increasel(decrease) in creditors
117,331
(9,284)
152,041
(34,309)
Net cash used in operating activities
413,574
264,344
2024
2023
Analysis of cash and cash equivalents
Cash at bank and in hand
762,100
370,958
Analysis of changes in net funds
0110112024
Cashflow 3111212024
Cash and Cash Equivalents
Cash
Bank Loan
370,958
(9,370)
361,588
391,142
762,100
9,370
400.512
Total
762,100
Notes to the financial statements for the year ended 31 December 2024
statutory information
The Green Corridor is a private charitable company limited by guarantee, registered in England and
Wales. The registered off ico and principal place of business is Stanwell Moor Road, Staines-upon-
Thames, Middlesex, TW19 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 FRS102, Charity SORP effective from 2019) and the Companies Act 2006.
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.
27

Greencorrid
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 material adjustment to the carrying amounts of assets and
liabilities within the next reporting period. There are no material uncertainties about The Green
Corridor's ability to continue as a going concern and the charitable company can comfortably operate
based on confirmed funding with sufficient 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 olso include commissioned work carried out by The
Green Corridor staff and learners and grants awarded for activities undertaken by the charitable
company s project partners.
Donated professional services and donated facilities ore 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 oconomic benefit on the open market,. a
corresponding amount is then recognised in expenditure in the period of receipt.
Intarest r•eeivuble
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.
50Yv of the Marketing & HR Off icer is allocated to raising funds and 50Y. to support.
28

Greencorrid
100 % of the Administrator role is allocated to support.
IOO/o 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 Financiol 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.. 33/0 on cost
Kitchen:
25/0 on cost
Portable Classrooms.. 25/0 on cost
Computer Equipment: 33/0 on cost
Motor vehicles: 25% on cost
Site improvements & internal building works: 25% on cost
Le¥ising llnd nire Durchase cornmitments
Rentals applicable to operating leases where substantially 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/. of gross salaries on behalf of its employees. Contributions
are charged to the Statement of Financial Activities us they are incurred. The charitable company has
no liability under the scheme other than for the payment of those contributions. Employees are
automatically enrolled into this scheme, but can opt out if they wish in line with Government legislation..
Cash at bank and in hand
Cash at bank and 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.
Finuncial ins*riirnents
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
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 party and the amount due to settle
the obligation can be measured or estimated reliably. Creditors ancl provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
29

Greencorrid
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 party 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.
30

Greencorrid
Notes to the financial statements for the year ended 31 December 2024:
continued
3 Donations and legacies
Unrestricted
Restricted
Total
2024
Other donations
Product Sale
National Lottery Fund
DfE Capital Fund
Donations Non Gift Aid
Other Income
Heathrow Airport Ltd Gift in Kind
Building & Land
2,376
267
2,376
267
20,000
49,676
17,286
2,507
20,000
49,676
12,000
5,286
2,507
100,000
110,436
100,000
192.112
81.676
Donations and legacies - prior year comparative
2023
Grant
Heathrow Airport Ltd Gift in Kind -
Building & Land
Other donations
851
851
100,000
1,683
102.534
100,000
1,683
102.534
The premises from which the charitable organisation operates on a lease from Heathrow
Airport Limited. A new lease agreement was renewed on 2nd October 2024 for 5 years at a
consideration of I peppercorn per annum. The lease rentlbenefit received is recognised in
the accounts at the annual rental equivalent value of £lOO,000 (2023 - £100,000).
Income from charitable
activities
Unrestricted
Restricted
Total
2024
Income from Education Health
Care Plans
Education and Skills Funding
Agency
1,300,922
1,300,922
667,533
667.533
667,533
1.968,455
1.300.922
31

Greencorrid
Income fn?m Charitable activities - prior year comparative
2023
Income from Education Health Care
Plans
Education and Skills Funding Agency
Income from training provision
Corporate volunteer days and other
Fundraising sales
1,296,214
1,296,214
739,017
739,017
345
345
1.296.559
739,017
2,035.576
Analysis of
5 expenditure
Charitable
activities
Cost
Education
raising
Training
funds Employment
2024
Total
staff costs
Direct project costs
Staff training
Audit fees
17,389
573,195
121,849
11,374
32,612
82,539 667,533 1,373.268
2,813
124.662
11.374
12,750
54
93,168
100.000
21,540
85,438
2,433 137,892
148.530
47,849
241,971 720,022 1.949.244
12,750
54
Trustee related
Depreciation
Gift in Kind
Premises
43,492
100,000
63,898
6,014
919,822
49,676
Other costs
2,191
19,580
Support costs
5,043
Governance costs
997
Total expenditure 2024 25,620
236,928
46,852 (47,849)
1.203.602
(241,971)
720,022 1,949,244
Of the total expenditure:
2024
2023
Unrestricted Restricted
1.229.222
720.022
2,120,330
Total
1.949.244
2,120,330
32

Greencorrid
Notes to the financial statements for the year ended 31 December 2024: continued
5 Analysis of expenditure - prior year comparative
Charitable activities
Cost of
Education
raising
Training Governance
funds Employment
costs
Support
costs
2023
Total
Staff costs
Direct project costs
Staff training
Audit fees
Trustee related
Depreciation
Gift in Kind
Premises
Other costs
35,245
1,029,231
242,096
29,228
25,560
118,894 1,208.930
242.096
29.228
6.000
2.544
115.386
100.000
7,068
107.751
292,249
308.395
418,211 2.120.330
(418,211)
6,000
2,544
115,386
100,000
100,683
7,107
1,623, 731
409,038
41,055
1,167
36,412
9,173
921
7,872
41,976
Support costs
Governance costs
(41,976)
Total expenditure 2023
46.506
2,073.824
2.120.330
6 Net income for the year (after charging)
2024
2023
Depreciation of tangible fixed assets
owned by the charitable company
Operating lease rentals. equipment
Audit
93,167
461
12,750
115,386
271
6,000
33

Greencorrid
Notes to the financial statements for the year ended 31 December 2024: continued
7 Staff costs
Staff costs during the year were:
2024
2023
Salaries and wages
Social Security costs
other pension costs
1,232,426
114,767
26,075
1,373.268
1,088,809
96,437
23,684
1,208,930
Numberof employees
The average monthly number of employees during the year was:
2024
2023
Training
Support
31
11
34
The key management personnel of the charitable company included the Trustees and those
listed on page12. Total employee benefits paid to key management personnel including NIC
and pension were £298,622 (2023: £238,461). One employee was paid between £90,001-
£100,000 (2023: one employee between £70,001- 80,000).
8 Comparative Funds - Statement of Financial Activities for the
Year Ended 31 December 2023
Total
Funds
Unrestricted
Funds
Restricted
Funds
2023
Income
Donations and legacies
Interest received
Charitable activities
Total income
Expenditure:
Raising funds
Charitable activities
Total expenditure
Notes
102,534
5,983
2,035,576
2.144.093
102,534
5,983
2,035,576
2,144.093
46,505
2,073,825
2.120.330
46,505
2,073,825
2.720,330
Net income/(expenditure) and net movement in funds for the year
Reconciliation of funds
23,763
Total funds brought forward
596,461
23,763
599,274
2,813
Total funds carried forward
£ 620,224
£ 2,813 £623.037
34

Greencorrid
Notes to the financlal statements for the year ended 31 December 2024: continued
9 Tangible fixed assets
Cost:
At l January 2024
Additions at cost
65,100
21,441
149,738 20,919
2,722
78,254 241,670
555,681
25,343
1,180
Disposals
At 31 December 2024
Depreciation:
At l January 2024
Charge for year
On disposals
At 31 December 2024
86,547 152.460 20.919
78,254 241.670 1.180 581,024
52,568
13,725
130,921 20,919
18,926
78,254
105,714
60,417
388,376
93,167
98
66,293 149.847 20.919
78,254
166.131
98 481.543
Net bookvalue:
At 31 December 2024
20.248
12,532
2,613
18,817
75.539 1.082
135,956
99.481
167,305
At 31 December 2023
10 Debtors
Due within one year:
2024
2023
Trade debtors
Accrued income and other debtors
Prepayments
staff Loan
38,987
9,207
14,137
6,304
68,635
93,607
82,577
9,782
185,966
Creditors
Amounts falling due within one year:
2024
2023
Trade creditors
Social Security and other taxes
Pension
other creditors
Accruals
Deferred income
Bank loan
32,701
29,418
4,680
211
16,565
16,608
27,992
10,482
32,888
3,641
9,370
83.575
101,192
Notes to the financial statements for the year ended 31 December 2024: continued
35

Greencorrid
12 Analysis of net assets between funds
Unrestricted Restricted
Funds
Funds
Total
Funds
Fund Balances at 31 December 2024 are represented by.
Tangible Fixed Assets
Current Assets
Creditors: Amounts falling due within
one year
Total net assets
99,481
798,735
99,481
830,735
32,000
(83,575)
(83,575)
814.641
32.000
846.641
13 Analysis of net assets between funds - comparative 2023
Unrestricted Restricted
Funds
Funds
Total
Funds
Fund Balances at 31 December 2023 are represented by.
Tangible Fixed Assets
Current Assets
Creditors: Amounts falling due within
one year
Total net assets
167,305
554,111
167,305
556,924
2,873
(101,192)
(101,192)
620.224
2.813
623.037
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
Outgoing
At
Dec2024
Jan 2024
Restricted Funds
Heathrow Community Trust
National Lottery Fund
DfE Capital Fund
Donations Non Gift Aid - Sunbelt
ESFA
2,813
(2,813)
20,000
49,676
12,000
667,533
749.209
20,000
(49,676)
12.000
(667,533)
(720.022)
Total Restricted Funds
Unrestricted funds:
General funds
Total funds
2,813
32.000
620,224
623.037
1,423,639 (1,229.222)
2.172.848 (1.949.244)
814,641
846.641
36

Greencorrid
Restricted Funds- description
Heathrow Community Trust: funding to purchase equipment to facilitate learner
enrichment activities.
National Lottery and Sunbelt . funding to purchase Green Corridor Minibus
Funds - comparative 2023
The income funds of the charity include restricted and unrestricted funds cornprising
the following unexpended balances of donations and grants held on trustr
15
At Incoming
Jan-2023
Outgoing
At
Dec-2023
Restricted Funds
Heathrow Community Trust
Total Restricted Funds
Unrestricted funds:
General funds
2,813
2.813
2.813
2.813
596.461 2.144.093 (2,120,330)
620.224
Total funds
599.274
2.144.093 (2.120,330)
623.037
16 Taxation
The charitable company is registered as a charity and all of its income falls within the
exemptions under Part 11 of the Corporation Tax Act 2010.
17 Related parties
There are no related party transactions to disclose for 2024 (2023: 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 remunerations
from the charity during the year. Reimbursements claimed £0 in 2024 (2023. £62.50) 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
2023
Contributions payable by the charitable company for the
year
26,075
23,684
At 31 December 2024 £4680 was outstanding, paid in February 2025 (2023". £10,482).
37

Greencorrid
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
2024
2023
Less than one year
One to five years
435
3,732
245
551
21 Contingent assets or liabilities
There are no contingent assets or liabilities at December 2024 (2023:Nil).
22 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 £460 (2023: £526).
23 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.
24 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.
38

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10