Martineau Gardens
Report and Financial Statements
Registered number 4273209
31 March 2022
Legal and administrative information
Status
Martineau Gardens is a charitable company limited by guarantee and a registered charity governed by its memorandum and articles of association. The company was incorporated on 20 August 2001 and registered as a charity on 7 June 2002 (charity number 1092364).
Trustees
Mr T Bruton (Chair)
Mr P Arnold Mr T Walkling Mrs L Hensel Mr P Townley Mrs F Simmonds
Secretary
Ms J Fryer
Registered Office
27 Priory Road, Edgbaston, Birmingham, B5 7UG
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Martineau Gardens
Company No. 4273209
Report of the Trustees for the year ended 31 March 2022 (incorporating the Directors’ report)
The Trustees, who are also directors of the charitable company for the purposes of the Companies Act, present their report for the financial year ended 31 March 2022.
Review of financial results and future developments
Martineau Gardens continues to generate public benefit through its main activities, namely Therapeutic Horticulture and visits from schools, groups and the public, providing opportunities to learn about plants, biodiversity and food growing.
During this financial year, outgoing resources have exceeded incoming resources by £(27,805). There was a £(22,311) reduction in restricted funds and a £(5,494) reduction in unrestricted funds in the year. Overall net assets at the year-end was £158,978.
The year to March 2022 has seen a return to ‘normal’ within the gardens, with the roadmap from lockdown taking us up to July, when restrictions dropped completely.
Thanks are due to everyone who worked so hard to keep each other and the gardens so well supported through that time.
Our work in Therapeutic Horticulture continues to rely on grants from Charitable Trusts including on-going support from Jo Malone.
Environmental Education sessions with schools and other groups were restricted for the early part of this year this year, but we are looking to bring this back to its previous level in the next year. Income generating activity was reduced due to the restrictions in place last year but began a return to previous levels from August onwards.
Trustees have continued to review income generation with the aim of increasing income from: -
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The hire of the Gardens for events including more corporate sponsored activities;
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Subscribers to the Friends scheme, which is listed separately from donations;
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Special events held at the Gardens
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Educational visits and services provided by the Gardens
The primary focus of our income generation activities continues to be on securing funding for our running costs alongside plans to replace the current Mollie Martineau building in the near future, to provide a warmer and more welcoming space for staff and volunteers.
Reserves Policy
The Charity has agreed the level of reserves, that is, those funds that are freely available that the Charity ought to retain for the unexpected and for future investment. The Charity aims that cash or borrowing facilities are available to cover three months of normal unrestricted expenditure which now amounts to approximately £18,000 and year end unrestricted cash amounted to £19,000. The Charity considers that in the current economic conditions, it would be prudent to maintain a higher than normal level of cash until future operating conditions become clearer. In future years, higher levels of funds may be retained to support our further refurbishment plans.
Funds held as custodian trustee on behalf of others
The Charity does not hold any funds as custodian trustee on behalf of others.
Trustees’ responsibilities in relation to the financial statements
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 company and of the profit or loss of the company for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent; and
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Martineau Gardens
Company No. 4273209
Report of the Trustees for the year ended 31 March 2022 (incorporating the Directors’ report)
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees have given consideration to the Charity Commission guidance and the Charity Act 2011 with regards to public benefit.
Independent examiners
The trustees have appointed Birmingham Voluntary Services Council (BVSC) to carry out an independent examination of these accounts.
By order of the Trustees:
Tim Bruton (Treasurer)
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Martineau Gardens Company No. 4273209
Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2022
| Notes Incoming resources Grants Charitable services Sales Donations Building development Membership Bank interest Total incoming resources Resources expended Charitable expenditure Therapeutic horticulture salaries 2 Other therapeutic horticulture costs Charitable services Premises and overheads Public engagement Building development and depreciation Other expenditure Cost of sales Total resources expended Transfer of funds Net movement in funds Total funds at start of year Total funds at end of year |
Unrestricted Funds £ 16,667 - 35,623 15,483 - 5,328 113 |
Restricted Funds £ 114,954 6,008 5,210 - - - - |
Total Funds 2022 £ 131,621 6,008 40,833 15,483 - 5,328 113 |
Total Funds 2021 £ 168,861 1,155 2,911 33,695 - 5,474 - |
|---|---|---|---|---|
| 73,214 | 126,172 |
199,386 |
212,096 |
|
| - - - (14,725) (49,326) - - (9,483) |
(91,931) (18,142) (21,057) (14,602) - (7,925) - |
(91,931) (18,142) (21,057) (29,327) (49,326) (7,925) - (9,483) |
(56,863) (22,310) (17,523) (13,739) (33,493) (10,094) (4,859) |
|
| (73,534) | (153,657) |
(227,191) |
(158,881) |
|
| (5,174) | 5,174 |
- |
- |
|
| (5,494) 24,334 |
(22,311) 162,449 |
(27,805) 186,783 |
53,215 133,568 |
|
| 18,840 | 140,138 |
158,978 |
186,783 |
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Martineau Gardens Company No. 4273209
Balance Sheet as at 31 March 2022
| Notes Tangible fixed assets 3 Current assets Cash at bank and in hand 4 Debtors 5 Creditors falling due in one year 6 Net current assets Net assets Unrestricted funds Restricted funds 7 Fixed asset fund Total funds |
2022 £ 13,141 |
2021 £ 17,992 183,481 605 184,086 (15,295) 168,790 186,783 24,334 144,457 17,992 186,783 |
|---|---|---|
| 152,292 3,245 |
||
| 155,537 (9,700) |
||
| 145,837 | ||
| 158,978 | ||
| 18,840 126,997 13,141 |
||
| 158,978 |
For the year ended 31 March 2022, the company was entitled to exemption under section 477 of the Companies Act 2006.
There were no related party transactions in the current or prior period.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibility for:
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Ensuring the company keeps accounting records which comply with section 386; and
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Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of its financial year and of its profit and loss for the financial year in accordance with section 393 and which otherwise comply with the requirements of the Companies Act relating to accounts so far as applicable to the company.
Approved by the trustees on 2022 and signed on its behalf by:
Tim Bruton (Treasurer)
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Martineau Gardens
Company No. 4273209
Notes to the accounts
1. Accounting Policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16[th] July 2014 and the Financial Reporting Standard applicable in the United Kingdom and republic of Ireland (FRS102) and the Charities Act 2011 and the UK Generally accepted Practices it applies from 1 January 2015.The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Capitalisation and depreciation of tangible assets
All assets costing more than £200 are capitalised, including, where applicable, irrecoverable VAT. No depreciation is charged in the year of acquisition. The cost of these assets is then written off by equal annual instalments over their expected useful life as follows:
Equipment: 3-10 years
Incoming resources
Grants are generally recognised in full in the Statement of Financial Activities, in the year in which they are receivable. Grants received which support future charitable activity are deferred.
Statutory income, sales and donations are included in the Statement of Financial Activities when receivable.
Resources expended
Resources expended are recognised in the period in which they are incurred.
Restricted funds
Restricted funds are to be used for specific purposes laid down by the donor. Expenditure which meets these criteria is charged to the fund.
Unrestricted funds
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
2. Staff costs
Staff costs (net of furlough claims) were as follows:
| Wages and salaries Social security costs Total funds |
2022 £ 143,452 5,174 |
2021 £ 85,807 2,793 |
|---|---|---|
| 148,626 | 88,600 |
Within the Statement of Financial Activities wages and salaries are allocated to the category of expenditure to which they relate. The comparative figures for 2021 reflect the receipt of furlough payments from the Government.
The average weekly number of employees during the year, calculated on the basis of full time equivalents, was as follows:
quivalents, was as follows: |
||
|---|---|---|
| 2022 | 2021 | |
| Project co-ordinators and management | 5 | 5 |
No trustees receive any remuneration or benefits, no trustee expenses were paid and no staff earn over £60 , 000
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Martineau Gardens
Company No. 4273209
Notes to the accounts
3. Tangible fixed assets
| Cost At 1 April 2021 Additions Disposals At 31 March 2022 Depreciation At 1 April 2021 Charge for the year Disposals At 31 March 2022 Net book value At 31 March 2021 At 31 March 2022 4. Cash at bank and in hand Cash at bank 5. Debtors Trade debtors 6. Creditors: Amounts falling due within one year Trade creditors Deferred revenue |
2022 £ 152,292 |
Equipment £ 39,211 3,074 - |
|
|---|---|---|---|
| 42,285 | |||
| 21,219 7,925 - |
|||
| 29,144 | |||
| 17,992 | |||
| 13,141 | |||
2021 £ 183,481 |
|||
| 152,292 | 183,481 |
||
| 2022 £ 3,245 |
2021 £ 605 |
||
| 2022 £ 204 9,496 |
2021 £ 2,795 12,500 |
||
| 9,700 | 15,295 |
Deferred revenue represents grants and statutory income received in the year that relates to the future periods.
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Martineau Gardens Company No. 4273209
Notes to the accounts
7. Restricted Funds
| Opening balance Income for the year Expenditure Transfers Closing balance |
Therapeutic Horticulture Building Funds Charitable Services BUPA Other Total 41,256 51,117 - 13,470 38,614 144,457 71,743 - 20,719 - 33,710 126,172 (115,275) - (19,143) (6,781) (4,533) (145,732) 2,276 - (176) - - 2,100 |
|---|---|
| - 51,117 1,400 6,689 67,791 126,997 |
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