Green Pastures (Dereham) (A company limited by guarantee) Trustee Annual Report and Financial Statements for the period 1.2.24- 31.1.25 Charity Number: 1104249 Company Number: 5014262
Green Pastures (Dereham) Annual Report and Financial Statements 5t For the year ended 31 January 2025 Contents Page Legal and administrative information Report of the Trustees/Directors Statement of Financial Activities Balance Sheet Notes forming part of the financial statements Independent Examinerfs Report
Green Pastures (Dereham) Annual Report and Financial Statements st For the year ended 31 January 2025 The Trustees present their report and accounts for the year ended 31" January 2024 which have been prepared in accordance with current statutory requirements, the memorandum and articles of association and the Statetnent of Recommended Practice {FRS102) 2019. Legal and administrative Information Charity Name: Green Pastures (Dereham) Charity Number: 1104249 Company Number: 5014262 Directors and Trustees The directors of the charitable company ("the charitW'I are its trustees for the purpose of charity and throughout this report are collectively referred to as its trustees and are as follows.. Lance Birks - Chair of Trustees Peter Andrews Christine Dove Sheila Knowles John Mills Paul Taylor (to 1919124) Registered Office and Principal Address 20, Norwich Street, Dereham. Norfolk, NR19 IBX Bankers National Westminster Bank, 32, Market Place. Dereham, Norfolk, NR19 2AR Independent Reporting Accountant Fox & Co (Anglia) Ltd. Unit I, Bennett House, Norwich Street, Dereham, Norfolk, NR19 IBX
Green Pastures (Dereham) Annual Report and Financial Statements st For the year ended 31 January 2025 st st Annual Report for the period l February 2024 to 31 January 2025. Report of the trustees Legal and Administrative information set out on page I forms part of thi5 report. Public Benefit The trustees have had due regard to the Charity Commission guidance on public benefit reporting. This report illustrates the activities undertaken to support the public benefit requirement. Organisation The charity is a charitable company limited by guarantee. incorporated on 13th January 2004, it changed its name on 25th April 2004 and registered as a charity on 9th June 2004. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The charity is managed by the trustees who meet regularly to consider the progress of the charity and to consider its future direction and activities. The day-to-day operation of the charity is delegated to the Managers. Trustee Appointments Trustees are appointed by the existing trustees to meet the needs of the trustee board. Objects of the charity The charity has the following objects: To advance the Christian Faith in Norfolk for the benefit of the public through the sale of Bibles, Christian t)ooks. music, cards and related products. Activities and Achievements The year ended well, despite the challenges that retail shops face. This was largely due to additional pop-ups and regular pop-ups in Bury St Edmunds, Kings Lynn and more recently Norwich. Overall, Pop-ups accounted for over 25% of our sales Income in the last financial year. We attend Ladies events regularly and are always open to attend additional events when asked. The closure of Revelation Resource Centre in Norwich has led to an increase in interest and footfall in the shop and this in turn has widened contact with additional churches which we are able to resource. The Managers working together on a Wednesday is proving beneficial and enables continuity. They both attended the Christian Resources Together conference. Sadly, one of our Trustees resigned during the year due to other commitments, but we are actively seeking additional trustees to widen our range of skills and expertise. We have extensively refurbished the shop. We have removed the front window display unit which enables more space in the shop but also opens the shop visibility to the public. We h3ve been able to purchase additional units to display stock more effectively and look to add to this further in the coming year. Our partnership with Love Dereham and DBC continues to work well including sponsoring a book for the DBC congregation.
Green Pastures (Dereham) Annual Report and Financial Statements st For the year ended 31 January 2025 Financial Review The results of the charity show a loss of £1,855 for the year. Reserves Policy The charity holds reserves that provide for the ongoing work of the charity whilst retaining financial stability. Reserves are required to provide stock and to cover other working capital requirements. At the 31st January 2025 the resenies held were £28,921 (2024 £30,776) which the trustees consider adequate. Responsibilities of the Trustees Charity law requires the trustees to prepare financial statements for each financial period, which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently.. make judgments and estimates that are prudent and reasonable: state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departure5 disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in existence. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Directors on And signed on its behalf by It)irecfornrustee) k47<ctr L-V&Tr4A- )1
Green Pastures {Dereham) Annual Report and Financial Statements si For the year ended 31 January 2025 Statement of Financial Activities {including Income and Expenditure Account) For the year ended 31 January 2025 Unrestricted Funds 2025 Restricted Funds 2025 Total Funds 2025 Total Funds 2024 Incomlng Resources Donations and Legacies Incoming Resources from charitable activities Investment Income 10,236 74.791 10,236 74.791 9,840 63,845 219 219 220 Other Incoming Resources Total Incomlng Resources 1,789 85.246 85.246 75,694 Resources expended Expenditure on Charitable activities Other expenditure Total Resources expended 87,101 87,101 79,515 87,101 87,101 79,515 Net Income forthe period -1.855 -1,855 -3,821 Reconciliation of Funds Total Funds brought forward Total funds carried forward 30.776 30,776 28.921 34,597 30,776 28,921 All of the activities of the charity were continuing. The notes on pages 7 and 8 form part of these financial statements.
Green Pastures (Dereham) Annual Report and Financial Statements st For the year ended 31 January 2025 Balance Sheet As at 31 January 2025 2025 2024 Fixed assets Tangible assets Total Fixed Assets Current a55ets Stock io 8,691 239 11,809 344 Debtors li Cash at hand and in bank 22.232 21,350 33.503 Total current assets 31.162 Current Ilabilities Creditors: Amounts falling 12 due within or)e year 2,241 2,727 Net current assets 28.921 30.776 30.776 Total assets less current liabilltles 28.921 The funds of the charlty Unrestricted income funds 28,921 34,597 Total unrestrlcted funds 28,921 30,776 For the year ending 31101125 the company was entitled to exemption from audit under section 477 of the Companies Act 2CM)6 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act in respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Signed: {Ditfietor/Trusteel Dated.. The notes on pages 7 to 8 form part of these financial statements.
Green Pastures (Dereham) Annual Report and Financial Statements st For the year ended 31 January 2025 Notes to the accounts Accounting Policies Basis of Preparation The accounts have been prepared under the historic cost convention and in accordance with the Accounting Regulation set out under the Charities Act 1993 and with the Charity Commission Statement of Recommended Practice: Accounting and Reporting by Charitie5 2015 IFRSSEI bl Incoming resources are included when receivable. Depreciation is provided at a rate of 25% Straight line. Legal status of the charity The charity is a company limited by guarantee. The Directors of the company are it5 trustees. In the event of the charity being wound up. there 15 no liability in respect of the guarantee to the trustees of the charitv. Incoming Resources The majority of Income is from Sales. Some Donations are also received from the Friends of Green Pastures who support the work. Expenditure on CharStable attivities stsff Support Costs Other Direct Costs Totsl Funds 2025 Total Funds 2024 Cost of sale5 Salaries Payroll Fees Rent Insurance Repairs/MaintenancelEquipment Telephone/Broadband Stationerylpostages Licences/Legal/Website Hospitality/ConferencelTravel Miscellaneous Equipment/Furnishings Governance Advertising/Marketingnraining Card Processing charges Merlio Support Depreciation 41,456 41,456 28,276 349 11,016 805 153 529 211 36.685 25,759 321 11,016 596 135 498 355 28,276 349 11,016 805 153 529 211 540 280 76 455 300 346 1.459 540 280 76 455 300 346 1,459 850 641 332 17 400 435 1.600 725 850 28,276 1.199 57,626 87,101 79,515 Other expendlture None Trustee Remuneration No Sums were paid to Trustees.
Green Pastures (Dereham) Annual Report and Financial Statements St For the year ended 31 January 2025 Notes to the accounts (Cont.) Trustee Expenses No expenses have been paid to trustees for SeiCe5 provided. Employees Cost of Staff Salaries for the year was £28,276. 2 staff were employed {2 in 2024} No employees received emolument exceeding £60k. Fixed Assets Fixtures & fittings Total Net Book value At l February 2024 At 31 January 2025 io. Stock Stock consists of purchased good5 for resale. Stocks are valued at the lower of cost and net realisable value. 2025 2024 Goods for resale 8.691 11.809 ii. Debtors and Prepayments 2025 2024 Trade Debtors Prepayments 239 344 239 344 12. Creditors and Accruals 2025 2024 Trade Creditors Accruals 1,941 300 2,241 2,427 300 2.727
Green Pastures {Dereham) Annual Report and Financial Statements st For the year ended 31 January 2025 Independent Examiners report on the accounts Report to the trusteesldirectors of Green Pastures {Dereham> Charity Number: 1104249 Company number: 5014262 On accounts for the year ended 31 January 2025 set out on pages 5 - 8 st We report to the charity trustees on our examination of the accounts of the Company for the year ended 31/01/2025. Responsibilities and basis of report As the charity's trustees of the Company (who are also the directors of the company for the purposes of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061"the 2006 Act"). Having satisfied ourselves that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, we report in respect of our examination of your chariws accounts as carried out under section 145 of the Charities Act 20111"the 2011 Act"). In carrying out our examination, we have followed the Directions given by the Charity Commission (under Section 145(5llb) of the 2011 Act. Independent examinerfs statement We have completed our examination. We confirm that no material matters have come to our attention which gives us cause to believe that: accounting records were not kept in accordance with section 386 of the Companies Act 2006,. or the accounts do not accord with such records; or • the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2(X)6 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination; or •the accounts have not been prepared in accordance with the Charities SORP IFRS102). We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. C56L Date: Fox & Co {Anglia) Ltd. Unit I, Bennett House, Norwich Street, Dereham, Norfolk, NR19 IBX