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2021-03-31-accounts

Company Number: 5052045 Charity Number: 1106420 Global Generation Annual Report and Financial statements For the year ended 31 March 2021

Global Generation Reference and administrative details Trustees Rasila Jassal Jane Jones Amir Miah Georgina Hamill Street Jane Storie Benaifer Bhandari Wen Yuh Quek S•nSor Managoment Jane Riddiford- Founding Director Nicole Van den Eijnde - Joint Executive Director Company number 5052045 Charity number 1106420 Reglstered Offlce Suite 352 254 Penlonville Road London. N19FQ PrSnclpal place of buslness Story Garden Ossulslon Streel London. NWI 1DF Independent Examlner Sterling Partners Limited Unils 15 & 16 7 Wenlock Road London N1 7SL Bankers Triodos Bank Deanery Road Bristol BS1 SAS

Global Generation Trustees, report for the year to 31 March 2021 The trustees who are also directors of the charity for the purposes of the Companies Act 2006 are pleased lo present their report toaether with the financial statements of the charity for the year lo 31 March 2021. The accounts have been prepared in accordance wrth the accounting p)licies set out in note 1 to the accounls and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice 'Accounling and Reporting by Charities, {revised 20191. Structure, Govemance and Management Legal status Global Generation is a company limited by guarantee and a registered charity- The company was registered in England and Wales on the 23ro February 2004 and gained charitable stslus on the 25° October 2004. Governing Document Global Generation is govemed by its Memorandum and Artides of Association. Trustees The directors of the charitable company are its trustees for the purpose of charity law and the members of the company limited by guarantee. Throughout this report they are collectively réferred lo as the trustees. The following individuals served as Iruslees during the pericd and to the dale of this report..: Rasila Jassal Jane Jones Amir Miah Georgina Hamill Street Jane Slorie Benaifer Bhandari Wen Yuh Quek Lela Kogbara Steven Marshall (appointed 29th Sep 2020) lappoinled 29th Sep 2020) (appointed 28 Mar 2021 (appointed 25 May 2021) (resigned 29th Sep 2020) (resigned 25 May 2021) Al trustees seNed for the hjll year unless otherwise indicated above. The Trustees meet approximately every 8 weeks to review the activities and direction of the charity. The day lo day running of the charity is delegated to the joint Directors, who manage the staff team. Individual Trustees maintain an active interest and participation in many oflhe projects, which is an important part of ensuring the direction and spiril of the charity stays true to its original vision, aims and objectives. Recrultment and appolntment of new Iruslees New Trustees are recruited by the Board who consider the skills cU￿entlY available and then identify the requirements of any additional or replacement Iruslee. Potential trustees are invited lo a preliminary discussion with the Chair. at least one current trustee and one of the joint Directors. On successful appointment of a trustee, the Director provides documentary and verbal induction material lo introduce the trustee to the workings and objectives of the organisation. Related parties Details of transactions with related parties are given in note 14 to these accounts.

Global Generation Trustees, report for the year to 31 March 2021 Risk Management The trustees regularly review the risks the charity faces and are satisfied that systems are in place to mitigate their exposure to the major risks. In common with many other charities Global Generation faces challenges in the area of long- lemi funding and resource mobilisats'on. The charity continually strives to develop new and more diverse sources of income to fund our work. Covid-19 caused a major risk to Global Generation. The charity was forced into closing many of its income generating business such as events, venue hire. garden commission. The charity responded by closing most of ils activities during the first lockdown and putting staff on furlough. In this lime the charity adapted and moved work online where possible, introduced strict health, safely and cleaning processes in order to be able to move all activities outdoors and reached out lo funders. The work was monitored through regular reviews with teams and trustees and bi- monthly finance forecasts. Public Benefit The Trvslees confim that they have complied with their duty under Section 1715} of the Charitses Act 201110 have due regard to the Charity Commission's general guidance on public benefit. Global Generation carries out a wide range of activities in furtherance of ils charitable objectives, as detailed under Activities and Achievements below. Where possible we have allempted to quantify the number of direct beneficiaries. and we also believe the community- building aspects of these activities provide benefit lo the wider public both in the areas where we work and beyond. Objectiv•8 and prin¢ipal actlvitits The objects of the charity as expressed in the Memorandum of Association are To advance the education of the public by providing opportunities and instruction for the direct experience of natural wildemess environments for children. young people and adults. To educate and assist young persons to develop their full potential so they are able to contribute positively lo society and the environment. The area of benefit is worldwide. To achieve these objects. during the18St financial year the charity carried out most of ils work in London and through residentials at Quadrangle Trust in Kent and Wilderness Wood in Sussex. Activities and Achievements During the period the charity continued to take children, young people, families, local residents and business employees on a pracbcal and reflective leaming joumey. The Charity helped them grow in themselves, in relationships and in practical actions to leave a positive legacy11, We and The Planet). Rooted in the rhyihms and pattems of nature our projects have induded a combination of.. Environmental actions= supporting urban foo&growing. increasing biodiversity, healthy cooking and eating. upcycling materials. Bringing different parts of the community tc*Jether across age. backgrounds and abiltties through events, workshops, gardening, (x)oking, making and ealing together. Creative Arts.. photography. film. writing. storytelling. singing. perfomiance, design and making.

Global Generation Trustees, report for the year to 31 March 2021 Teams of paid staff and volunteers have led the work al the Story Garden in King's Cross, the Paper Garden in Canada Water and in Regents P￿Ce. The main teams are Youth and Community, Gardens and Build. During this year in which Covid hit and with numerous lockdowns and restrictions on face-t(F face work and gatherings, we have slopped doing all events and commercial room hires. We also had to adapt our work lo move some of it online for some of the time, and all in-person delivery moved completely outdoors, encouraging our participants to connect lo wide green spaces, places beneath the trees and the tiny cracks in the pavement where, dandelion, nettle and fireweed find their way through. Slory Garden In Somers Town This is our second year al the Story Garden in which it has flourished into a well-established community space with the help of many hands. The pandemic and Covid-19 lockdowns have meant we have had lo adapt how we work, how we respond to the changing needs locally and how we run our programmes. 11 was very clear that the garden should stay open wherever possible lo provide a space in the middle of King s Cross for people to connect to natur8, which we did apart from the first 5 weeks of the first lockdown whilst we adapted to new health and safely systems. A big focus al the beginning of the year was lo increase food growing in the garden by 50 % by building new beds and growing quick lumaround vegetables and salads lo provide to the Mobile Camden Food Bank. We also created the Stay-at-Home Garden Activity Pack, seed packs and DIY planters with soil and seeds, lo keep people connected to the outdoors and each other even when stuck indoors. And as reslriclions eased, we have welcomed people back in the garden lo join programmes such as our youth leadership programme, Local Food Ambassadors, Voices of the Earth. Nature ExplO￿r$. After School Club. Family Saturdays, Twilight Gardening and many more. Gardenlng at the Story Garden Increasing Food Produ¢tlon To respond to local demand, and the need for people to have better access to fresh and nulrilious food, we expanded our growing capacty by 50Q/D and donated all our harvest to the Mobile Camden Food Bank, operated by Urban Community Projects based at the Living Cenlre. We increased space for vegetable production by 33 square metres and harvested 258kg of vegetables. Community Growing Beds A total of 32 beds for community growers have now been established reaching 75 local residents. We have supplied all tools, seeds, soil and support with food growing throughout the year. We held a growers agreement forum. a Harvest Celebration meal and a Seed Day - a day of seed sowing, giving out seeds that growers have requested, talking to the garden team about their growing plans and getting any support needed. The Stay ot Home Garden In Spring 2020 we developed the first Stay at Home Garden Activty Pack which we shared widely via email and social media www. lobal eneralion.or .ukllhe-sla -al-home- arden. Five paper editions over the year were distributed across Somers Town and the Su￿ound1ng eighbourhoods through schools, children's centres, community organisations and local food banks including..

Global Generation Trustees, report for the year to 31 March 2021 120 copies - Edith Neville School 50 copies - Life Afler Hummus 120 copies - Nelley Primary Sthool 100 copies - Richard Cobden 100 copies - St MaVs and Si Pancras Schools 100 copies - Kings Cross Academy The Stay at Home Garden Garden- Seedpacks We developed seed packs that included seed trays. soil and seeds for an eaSy-t￿roW microgreens and sprouts for fresh vitamins - all can be grown indoors to suit flats with no outdoor space or windowsills. We donated a total of 185 packs locally. The seed pack instructions were translated into Bengali and Somali lo make them accessible to a wider section of our local community. The packs that went lo 'We are Aging Better, were part of an intergeneralional programme with young people who designed and wrote postcards to older people, sharing a memory and asking the reupients to share a memory back. building a relationship. Youth and Communlty Programmes Famlly Saturdays Our list of families over this past year has grown from 40 to over 125 families who allend our Family Saturdays regulady and our provision moved completely outdwrs, in all weather. Thernes for this year have been campfire cooking, crafts, seeds, play, den making and homemade gifts. Children, parents and carers work alongside gardeners, chefs and artists to create and explore together. Seeds have been our inspiration.. Taking children on a journey from what a seed is. looking at seeds from around the wodd, discovering them in the garden and using a magnifying glass to draw their details and evenlvally creating the large stencils that can be seen on the hoarding al the Story Garden. We collaborated with the Central St Martins {CSMI MAKE space to offer workshops with clay, creating clay tiles with pressed seed designs that have been put up on the hoarding. Loose parts play In collaboration with CSM MAKE space, we worked alongside a student resident to create stories, buildings and magic in the garden. Inspired by the circulatory City model we used parts we found around the garden lo build dens. balancing walkways and curious waterways. all focused around a continuous na￿atIVe. Generators Exploring leadership and social actions, we took 34 young people on a journey of values around who we are and what role we play in the world. On Mondays we run a session for the 9-13 year olds and on Tuesdays for an older year group, focusing on Climate and Food Growing. From cooking, to photography, gardening and design, stop animation, drama and reflective sessions, we provided a safe Spa￿ for young people to feel connected with themselves and the local community. This year particulady we have focused on our role to protect the world, exploring the Climate Emergency and the importance of nature for our well-being and the health of the planet. We also W0￿ed with CSM lo create video materials that will contribute to the global network of

Global Generation Trustees, report for the year to 31 March 2021 initiative for COP26 in November. We c¢>designed the Dnjmmond Street Parklets. making 3-D models of structures that are now populating Drummond Street, reclaiming parking spaces to bring more nature and fewer cars to the city- We will close the summer with a camping trip to Wildemess Wood. Friday Night Out Project 10 young people aged 8-12 look part in fortnightly cooking sessions, online during the lockdowns with recipe kits being dropped off at their homes. and outdoor cooking in person at the Story Garden when reslriclions eased. Each session covered a vegetarian meal with different cooking skills, nutritional infomation and food culture and practices from around the wodd. Meals have ranged from yoghurt cake, brownies. pizza, cauliflower baked pasta, soda bread, naturally sweetened apple and carrot breakfast muffins and veggie burritos. Frlday Nlght In Pmject As many older people were shielding and feeling increasingly isolated during the pandemic, we brought additional fortnighlly cook and chal sessions online for older people. We discussed nulrilion, wellbeing. food and produce from different cultures, leaching cooking skills and introducing new approaches and flavours. We cooked with ingredients that are easy lo gel. cheap and seasonal produce. Meals included cake with yoghurt. pancakes sweet and savoury, soup with surprising flavours and polalo kugel Passover I Si Patricks Day. One-to-one supported Cooklng We continued lo work with young people referred through local colleges with additional needs to do one-to-one cooking lo support them in their cooking skills. confidence and independence, and social and emotional skills lo become more work ready. Plant Nursery and Tralnlng We installed a new polyiunnel as a base for our plant nursery and upcoming Horticulture courses we are running in partnership with Organic Lea. The plant nursery will enable us to create a base for training, growing and propagating plants. creating a strong focus for educational activities al the Story Garden which will benefit the wider local area. Our emphasis will be on suslainabilily, through reducing plastic use. peat free growing and using organic practices and wildlife friendly techniques. The plant nursery will become a supplier of local plants, grown with local people, and serving as a training platform, for greening developments taking place in the local area. Greenlng Somers Town Supporting residenl-led gardening and greening has played an important part in our work to ensure that Somers Town residents continue to have access to nature on their dwrsteps beyond the temporary lifespan of the Story Garden. We supported residents to apply for funding from Somers Town Big Local to pul forward ideas for greening their areas. All decisions were made by the local Greening Committee which Global Generation chairs. 8 resident-led gardens are being implemented across the following estates: Oakshott Court Walker House Phoenix Court Amplhill Estate

Global Generation Trustees, report for the year to 31 March 2021 Monica Shaw Court Hadslock House Coopers Lane Estate Medbum Street Projects include revamping communal areas. community food growing, rooftop gardens and balcony growing spaces. After School Club A seven-week programme run each tenn for 8 local children who are in a class bubble from Edith Neville Primary School, which the Family Centre identified as high need. Activities included fire lighting and cooking, gardening, craftsmaking, and free time for children to be a lilue wild within a held space. Gardening in schools Gardenlng Club Edith Neville School As schools have not been able to do any out of school visits we have spent a day a week al Edith Neville Pnmary School lo work with their students lo design. in$lal and maintain a new garden and school vegetsble plot. Gardenlng Club Netley School Al the beginning of 2020, Nelley school received fundlng from Camden GivSng to run Community Gardening Club. With changes brought about by the pandemic, the Community Gardening Club lumed into a weekly club for Year 5 students lo grow food and connect with alure every Wednesday afternoon. The goals for the dub are: grow fI￿d from seed, maintain the green areas of the school sile, improve the wellbeing of the community through gardening, and eventually with reslriclions eased a chance for the wider community to SOCl81ise together. At the beginning of every session, the students have an opportunity to practise mindful activities. The Gardening Club has shovelled and tipped plenty of soil, sown hundreds of seeds, weeded beds, planted plants, watered thirsty vegetables, chopped compost, fed worms in their wormery, built a bug hotel, made natural bird feeders, and harvested crops. Beetroots, carrots, radishes, leeks, onions, garlic, and broad beans have all made their way to Netley's kitchens for their brillianl team to cook up some lovely hOM￿roWn lunch. Actlon for Local Food We started our Action for Local Food project this year. a Lottery funded Climate Action project run in collaboration with Octopus Communities and Islington Council, which puts food at the heart of the response to the dimate emergency. We are working with the diverse communities of Islinglon lo create a vibrant and sustainable local fcod system. Our aim is to.. maximise the amount of food grown in the borough, encourage people lo eat and shop local. promote, demonstrate and practice soil improvement and water harvesting, actively seek to reduce waste, aiming for zero food waste. The Story Garden is one of 5 pilot sites in which we a￿ aiming to improve our soils, comtX)sting and water haNesting systems. as a showcase of what is possible in urban contexts. The Story

Global Generation Trustees, report for the year to 31 March 2021 Garden also serves as the plaffomi from which the training for the Youth and Adult Local Ambassadors takes pla(% {following some initial online sessions during lockdown). Adult and Youth Ambassadors 20 Adult Ambassadors and 10 Youth Ambassadors have been recwited through local community groups, schools and youth groups. The training focuses on generating a creative response to inspire deeper thinking around the issues of food waste and climate change. Values based learning forms a strong element of our approach. Aongside this the Ambassadors are gaining a range of relevant skills lo share, encompassing topics from the constraints of urban growing, finding out where lo source recycled and other materials, deeper knowledge about soil and composting as well as the opportunity to discover the wider context of food growing in London and beyond. Voices of the Earth Global Generation's Voices of the Earth project encouraged young people lo discover the healing power of plants. Thanks to funding from the Heritsge Lottery and our project partners.. Theatre Complicilé's, The British Library. The Royal College of Physicians, Hopscotch and LB Camden Arts and Tourism the project brought together physicians, herbalists, storytellers and historians, parents and children. This encouraged different ways of seeing the world which ar8 sometimes oppositional. A range of creative outputs were produced throughout the year, including new garden spaces, two performances, seven audio pieces, an anthology now available on the British Library website and a photography exhibition. In a Ilme when the inslltuts'ons were forced to close their doors, we drew more deeply on the often hidden resources within local neighbourhoods. Invitations for young people to stop. look and appreciate the plants that grew on their balconies and around their back-doorsteps brought forth unexpected moments of connection. Paper Garden In Canada Water Over the year the Paper Garden in Canada Water continued to flourish thanks to a dedicated team and the imagination and hard work of over 2,100 local children, young people and adult volurnleers. The team consisted of a Paper Garden Manager, Community Gardener and several arts and educ81ion associates. They worked out of c4Jr large workshop space in what was the Daily Mail Prinlworks, and a garden in the fomier car park. Alongside the work with five local primary schools and five local secondary schools we also ran inter-generational sessions in collabor81ion with the local organisation Time and Talents and worked with local businesses. Ideas grown in the Paper Garden began their ioumey outwards into helping to create p(￿ketS within the Canada Water Maslerplan {CWM} being developed by British Land lo be a sustainable and communrty created place. Young people cTrdesigned and are working on wooden sculptures for a space within the public realm. During this year we also began designing the new Paper Garden. with a large indoor workshop space and associated outdoor area. Like our current Paper Garden it will also be in a part of the car-park of the old daily mail building in Canada Water. Resldentlal camps wlth young people We ran two residential camps for young people al Wilderness Woods in East Sussex. This is a working woodland that dales back lo Roman Times. Along with cooking on the fire, long walks and camping under the trees, our young partiapants had a chance to leam whittling from a local woodcarver and more about the life of the forest from a local ecologist.

Global Generation Trustees, report for the year to 31 March 2021 We also ran one camp at Quadrangle Trust in Kent in partnership with youth charity Kori for young people from across London lo meet, connect with nature and learn from each other. MSC with Community Based Regeneration Fo¢us During the year our first cohort of master students on the Middlesex University Msc in Transdisciplinary Studies completed their studies. All 6 students passed, achieving two distinctions and two merrts between them. Due to changes in the university we decided to pause the Msc for now. We are committed to taking fonNard elements of the learning. particularly the action research approach in other ways. Organisational Development Our cornmitmenl lo staff development was challenged due lo the pandemic. In previous years we have held monthly GG Circles and Engaged Education sessions. bi-annual away days and two annual staff relreals. This year, all training needed to be done on-line and we felt the consequence of not working so closely with each other and spending time in different non- operational ways. That being said, an action research oriented '1, We and the Planet, collaborative and wayfinding approach remains al the heart of how the organisalion runs. The pandemic was an opportunity to pul the spirit of a wayfinder into action, instead of calm seas we prayed for courage lo meet whatever came our way. The disruption caused by the pandemic encouraged self-organising amongst the Global Generation team, revealing previously hidden talents. In the early stages of lockdown, thèy adapted rapidly tn'alling possibilities so we could delemiine the best way to be, that was both true to our charitable purpose, our ethos and was most useful to the communities we work with. Discussion and creative writing provided an Op￿UnitY to find words for unfamiliar experiences and to share fears about the lived realities of each day. The Covid-19 pandémic provided glimpses of how we might live in a moré l¢xal, sustainabl8, life, giving way in the midst of a climate•changed world. During this often fearful and confusing period. as the air cleared and birds flocked back into the city, the natural world was appreciated more than ever. The doors of many institutions closed and, as a result, we drew even more strongly upon the power of local green spaces and local communities. Our two home bases, the Story Garden and the Paper Garden, north and south of the River Thames in London, became sanctuaries for the young and the not so young. During this lime, with many of our plans tumed upside down. we asked ourselves big questions and began to imagine what a kinder fijture might be. In practical terms since March 2020 the charity faced major challenges due to Covid-19, closing ils gardens and semi hibemats'ng for 3 months. From July 2020 with lockdown restrictions eased the charity gradually resumed operations and staff relumed to work. By September only 6 of the charity's 15 staff remained on {flexiblel furlough. Although the charity was unable to deliver its planned programme of activity during this period, it remained financially stable thanks to th8 fLJrfoLJgh scheme and the flexible support of our donors. The Trustees are cautiously optimigtic that with careful stewardship of our reserves this will remain the case for the period ahead. Volunteers The Charity is very invofved in the communty and relies on voluntary help. Volunteers have enabled the delivery of various pr￿jraMmeS at the Skip Garden in King's Cross and Paper 10

Global Generation Trustees, report for the year to 31 March 2021 Garden in Canada Water by supporting the Youth and Community Team, Gardens Team and Build Team. We are grateful to our volunteers who support the delivery of the work and the maintenance of the gardens and lo King's Cross Central Partnership. our lawyers at Freeths and the contractors on the King's Cross development for the pro bono support we have received regarding premises, labour and professional expertise. Future plans In line with our strategic plan over Ihe coming year we have set ourselves the following strategic largels.. To develop and maintain key localised gardens in Camden. Islinglon and Soulhwark influenced by I, We and the Planel. These will serve as Global Generation hubs for the team lo operate from and as 8 base for our children. young people and community projects. We will share learning and practice across boroughs. 2. To work with the directors of Wildemess Woods in Sussex and the Quadrangle Trust in Kent lo run rural camps for children and young people and lo be open to further collaboration with other organisalions that support wildlife and holistic farming practices. 3. To deepen our relationships and grow our outreach work in th8 communities with the highest levels of need in the areas surrounding our gardens. 4. To actively work on greening and nalurevorienled community work in the green spaces and streets surrounding the Story Garden. 5. To work with local young people on a co4esign process for a community growing barge on the Regent's Canal in King's Cross with Ihe aim of delivery by summer 2021. 6. To finalise the lease for a permanent Skip Garden on the King's Cross Estate in Islinglon which would begin in 2022. 7. To grow our influence and impact Ihrough writing. speaking and other foms of wider dissemination. 8. To grow a resilient financial model for Global Generation aligned with the growth of the organisalion. 9. To invest in developing Global Generation's culture, team, systems, skills and knowledge. Flnanclal revlew The financial year ending 31$1 March 2021 was a year of challenges and adaptation for the charity. Despite the many disruptions of lockdown total income fell only by 19Y. from £924k to £752k, partly due lo emergency grants received in response to the pandemic. The impact of Covid-19 related closure and restrictions as well as the closure of the Café in October 2019 is seen most significantly in earned income which dropped by 49 %. The table below shows earned income by category over the last 6 financial years and dearly shows the main drop in Events and Venue hire.. Earned income category 2016 2017 2018 2019 2020 2021 £'ooo E'ooo £'o(M) io 89 161 io £'ooo Course fees Garden Commissions &Mainten3nce Talk5 & Training Corporate Sponsorship Events & merchandise sales Venue hire & Café Total Growth rate in year 15 45 16 37 92 31 29 37 76 io 54 146 154 40 46 74 45 21 79 192 115 273 106 230 109 387 90 492 187 20% 42% -16% 68% 27% -62%

Global Generation Trustees, report for the year to 31 March 2021 Spend fell more than income by 23 /0 from £809k lo £622k with the biggest drop in project expenses due to lockdown. Staff cost decreased by 7010 mainly be￿uSe working staff agreeing lo a salary drop to 80QA in line with furloughed staff eamings during the first few months of the year. Support costs also fell. The net effect of these changes was positive with a surplus of £130k for the year12020, £115kl- The trustees are pleased with this ￿SuIt and with healthy addition to reserves the charity is in a reasonably strong financial position for the challenges ahead. ReseNes The trustees, policy is that the balance of rese￿eS held by Global Generation should be equ81 lo between three and six months of the organization's running costs, which in monetary terms means approximately £155k lo £311 k based on the figures in these accounts. The trustees believe this level of reserves will provide short tem financial stability and allow time to secure alternative sources of fijnding. in the event of a significant drop in income. During the period reserves. which are shown as unreslricled fvnds in the balance sheet. rose from £222k to £405k and al the end of the period they were equivalent to 7.8 months expenditure. The Iruslees believe this is in line with policy given the likelihood of furthèr disruptsons lo income streams as the economy emerges from the pandemic. Statement of Trustees Responslb115tSès The Iruslees (who are also the directors of Global Generation for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards IUnit8d Kingdom Generally Accepted Accounting Practice). Company law requires the Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of the slate of affairs of the charitsble company and of the incoming resources and application of resources. including the income and expenditure, of the charitsble company for that period. In preparing those finanual statements, the trustees are required to select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the charitable company and to enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. 12

Global Generation Trustees, report for the year to 31 March 2021 Small company provlslons This report has teen prepared in a(ZOrdan￿ with the swcial provisions for small ojnpaniès urKler Part 15 of the Companies Act 2006. This reFth was approved by the Board of Tnth on 18" 0(#ober 2021 aNI sifv on its behalf by: Benaifer Bhandari Trustee 13

Independent examiner's report to the trustees of Global Generation for the year ended 31 March 2021

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021, which are set out on pages 15 to 25.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the '2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's report

Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of [insert name of applicable listed body], which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those accounting records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by charities.

I 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.

Narges Cyroos BSc (Hons) FCA Sterling Partners Limited Chartered Accountants 2nd Floor, Grove House 77 4-780 Wilmslow Road Didsbury, Manchester M20 2DR

Date: 20 Oct 2021

14

Global Generation Statement of Financial Activities (incorporating the Income and Expenditure Account) for the year to 31 March 2021 Unro$trl¢t¢d Funds 2021 Ro$trl¢tsd Funds 2021 Total Fund$ 2021 Totsl Funds 2020 Note Income Donations 65.630 235.118 186.757 1.584 65.630 498.067 186.757 1.584 116.533 312,917 492,103 2,329 Grants Income from trading operations Other income 262.949 Total Income 489.089 262.949 752.038 923,882 Expendlture Fundraising Charitable activities.. 14.464 281.093 14,464 607.611 15,726 792,827 326.S18 Total expendlture 29S.557 326.518 622.075 808,553 Not Incomo I lexpandbturel ￿forn transfgr¥ 193.532 163,5691 129,963 115,329 Tran8f8r8 betwèén funds 110.4171 10.417 Net movgmgnt In funds 183.115 153,1521 129.963 IIS,329 Reconclllatlon of funds Total funds broughl forward 221.566 162,558 384,124 268,795 Total funds carrSed forward 12 404.681 109.406 514.087 384,124 Is

Global Generation Balance Sheet as at 31 March 2021 2020 FIXED ASSETS 59,862 124,358 CURRENT A88ET3 10 160.855 420,840 105,995 271.457 Cath at bank and kn h￿1 581,695 377,4S2 (127270) (117,686) NET CURREIIT A88ETS 454,425 259.768 TOTAL A88Efs LE88 CURREMT LIA8IUll&8 514,087 CAPITAL AMD RESERVE8 109.41J3 404.681 162,558 221,588 12 514,087 21JC6 Ith• Acll to the aLwJ6t cl Ihe fir￿￿1 stalem￿ lor tr yw by of 477. and that no Ihe •ThJ of the final￿￿ yw of its wofit or frx the financ41 year in ac¢¢ydarKe wrtyth• ol Port 15 of the CLvnparM•s Act relab'rvJ to 8ml cl￿all&S ¥KI constrtthe the ¥￿Ual actcwrts wuired by Trusle•

Global Generation Statement of Cashflows for the year ended 31 March 2021 Reconciliation of net movement in funds to net cash flow from operating activities 2021 2020 Net movement in funds 129.963 115,329 Add back depreciation Decrease I lincrease) in debtors Increase I Idecreasel in creditors 73.357 {54,8601 9,584 72,156 116,3791 13,143 Cash lused inl I provided by operating activities 158.044 184.249 Cash flows from investing activities Purchase of tangible fixed assets {8,6611 1161.665 Decrease in cash and cash equivalents in the year 149,383 22,584 Cash and cash equivalents at the beginning of the year 271,457 248,873 Total cash and cash equivalents at the end of the year 420.840 271,457 17

Global Generation Notes to the accounts for the year ended 31 March 2021 Prin¢ipal #c¢ounting poli¢1 The principal acthuniing pc41¢￿$ adopi8d in the w6parakni of the ￿antial stst8m8nts ar8 $81 b81ow. lal Basis of accounting These financial slalements have been prepar￿1 under the hi5toritsl (x>sl ¢X)nvefitim in accordance with the Slalemeni of Recommended Practice'A￿wntiThg and Reptybry by Charities. effective January 2019 Ilhe Charities SORP IFRS 10211. UK accounting Standards, includin9'Finanaal Rep(￿bn9 Standard 102 The Fwianoal R8tX)rting standard appl￿ble in the UK and ftepubI￿ of Irdand. IFRS 1021 the CompanEs Act ￿. Ibl Fund accounting Ill Unrestricied funds ar8 avai1gt48 leruse al the ¢Jisrx8liM of th8 tnJstees in fijtherance of the genwal objectives of the charily. Iiil Restricted lundsar8 subject to SP8ofic irnkM)sed by the ¢jor￿r as to how Ih8y may be used. The purpos8& and us•$ ol the restricted luThJ$ aTe s•1 out in Ihe rKJles tts the aceounls. Transfers b&iwe8n funds ar& m8d& 10 cover iThYividu81 restr￿ed funds and lo recognlse fixed as88ts, Includlng Ih05e acquired wth re5trirJed separatefy within r&sthded lund5. 1¢) Incom• All Income is induded in the $latem6nt of finanual when th8 charty is entsyed to Ihe inwma 8nd the amount ¢•n be quanlrfied %vith reosonabb a¢rAJrary. Th• spoofic are Op￿1￿d tts parf¢xJir Ulegw8$ tyf In¢ome. 111 Income fecwved byway ofgrants. donaknns an¢J 9ft8 18 incJd8d In full ￿ ihe Statsment of Fin8nd81 Activitie when reGwvablg. lill Grants receivable are r8cL¥nwd whon tho chan￿b￿ne$ Un￿￿d￿.￿alV8ntthd lo tho gr8nt. liiil Donalod pro10s5k)nal servius and donal•d facil￿5 ar• r•coyThwd as %vhon Iho rewipl of economl b8n8fi1 from the use by the chariiy of the item is and thai economic benefil can be maasured raliably,. orresponding amwnl Is thon recoyni5ed in expondilwe in Iho 5affle porK)d. Ilvl The value ol servK88 prov￿8￿ byvolunieers has Tr)¢ been Induded In Ihese aco)unts. Iv) InGom¢ from Gharitab￿ #cti¥ll￿5 15 0cc¢unled lor ¢0￿￿. 11 rewv¢d in •d¥•n¢e, f•0$ Irom ￿￿r$e5 #nd projects are deferyed until lh8 relevanl 8ClWrtyhas tskan F4ac8 Ivll Invtr$im6ni incomè * indudÉd whtn rrfv81Jlts. I￿1) Income In th8Dco1slel8rred untl the c¥ltert8 for IrKcffle r8cL¥nttlon are mel. Idl Exp•ndltur• Expenditure is r¢¢ognW a¢wal$ b8$ a$ ¥ l•tty is ￿(￿rrI, aTha Ir￿￿deS any VAT whi¢h ¢anTh)I bo fvlly rewvered. 111 Cesi ol generating lund8 IncwFthtas th8 sala￿88. direth eyThJl￿r8 and ovethead costs oftt)e Staff who undertake fundraising work. 1111 charitab￿ eNpen¢Jitur8 compr those costs i￿rred on ￿eCts undartaen In putsuanc8 of the charptat4e aims ol the wmpany. liiil Governance CO$￿ are costs iTh)Jrred in the management of chariws asÈèts, organis81ion and com￿10n¢0 luncbons. livl Supwjrt costs are those c¢$ts Incu￿ed by the L¥)mp8ny in supwt of its m8in tharitablè activities and Kxoiects. Where c051$ cannol be direclly allribulod. they have b8en 8&xa¢ed io aclwives on 8 basis ¢￿SIStenI wllh the use of resources. Iv) The value olwvKe$ provkyed byvdunleersha5 no¢ been induded in these accwnts. 191 Tanglbl¢ fix¥d a$$¢ls and dgprKlatlon Tangible fixed assets cosbng (wer £5￿ lincluding any in(adental eXPer￿e5 of acqui5ilionl are rApitalized. Depreriation is provided al rates calculaied lo wnle off the cosl w a stra4ht line bas￿ over their expecied usoful economic life. The ral8 of dèpr8ciatiM is 33 1 % annum lorall 18

Global Generation Notes to the accounts for the year ended 31 March 2021 Donations 2021 2020 Donated premi￿5 Oonaied s8Thic&s Otherdonations 51.250 50.0(h) 10.0 56.533 116.533 14.380 65.630 t￿ring the year the thaiity recewl SVFVCrtrecogni5ed in Ilw xcwnts for rent.free premises fcK Ihe Story Gardén in Klng's Cross vthed 81 £40.C¥JO. and th& PyGard8n w) Canada Watsr Val￿ ai £11.250. 3 Gr¥nts 2021 2020 Grants Irom Govomment Bodb•8 London Bofough of Isling￿n Greater London Aulhority IGLAI C8md&n Coundl HMRC Clly of London 151inqlw Council Mayor's Fund lthdon Arts. Youro Londrm Inspwed Community GraeniNJ Jcl) Relenbon Scheme COVKI Rtssw)$8 F￿)d Vdunary&Cofflmunty s•Ctc(T￿rn Kilchen Social 3.401 34.540 3.202 2.200 14.222 92.247 18.000 3.750 1,600 129.819 43.343 Othgr Gr•nl• Clly 8 Guild5 Reia Lila Howard Greener Cily Fund Bertha Earth Foundat￿Th Voluntary Aclk)n C￿den Aga Unlimited Speak Street John Lyons Charity CDpplegale FOundalk￿ I Cafy Cripplegaie I I￿1￿J10n Giving GreenBoard M & C Freeman Charftalté Trust Herilagfr Lollery Fund Camden Giving Somer51own BVJ Local Somers Tewn Cvnmu A$￿)cIal￿n Emesi Cook Green Innuenc•8 Sch8me Paul Hamlyn co¥￿ Response Arts Countil Summer ofvcitas ofthe Earth The Swire Foundalir Core Fundirq AdNities Story Garden The National Lottery Community Fw aim81& Actv)n FuThJ Kusuma TFu51 Nalure connedirfft wor*shops The Brilish Library story Garden Buikj Olher Grants Awarfs for AJI. FuluTe Kvjs. Camden GMryJ. Sustsin Younq Poopki pwramn N8￿re eonneaion w0￿$hop& Sellin9 up Story Garden si0￿ellIng 8nd creatson olthe Garden. Camden Gniing KX Fund 1nler9enern￿0n8I projeci GardenintycwkiThJ - Near NobJhbwr5 Fund Famity days 81 the skip G8rden Surnmor yqect Fnday nKJhl tyji ycwlh project 2019 Crynmunily Bulky KX ¥verft wilh childre Seeds for a b&fferWrKWVoicosol tho Earth H52 Camden Slory Gwden Manager Inreasing grtrwirwJ capactyai StoryGarfan 12.0(h) 29.9(M) 35.000 15.0(M) 9.798 3.800 4.720 3.900 23.524 16.1(M) 15.930 10.OC4) 25.300 36.065 12.420 7,000 6.300 3.000 62.270 27.742 12.420 27.176 28.788 26.333 12.0 20.125 28.544 23.229 67.425 15.896 16.117 368.248 289.574 498.067 312.917 19

Global Generation Notes to the accounts for the year ended 31 March 2021 Fundraising 2021 2020 staff costs Support costs 9.168 5.296 9.545 6.181 14.464 15.726 5 Charitable actiNlties 2021 2020 S18ff cos Freelance projecl staff Volunteers expenses Café runniw costs Project maiarlals OtherdireGI prq•GI ¢06ts Support costs 336.668 24.956 290 363.013 105.090 1.137 22.569 20,943 45.017 235.058 34.684 16.539 194.474 607.611 792,827 6 Staff ¢08t• 2021 2020 Gross wages and saL8rS88 Empl¢)yw'5 nat￿nd1 insurnn¢ Pens 347.038 23.960 9.256 368.237 30.443 9.735 380.254 408,415 The average number ol amployees durlng ts ￿81 was 18 15 No membor ol$iaff recew emoluments of more £60.0(Kl dwng th• >•r12020' nono). The charity INstses were P8KI n￿d￿l I￿Y re￿1ve any re1M￿r$emenl dumg tha ￿rI2020.. £nill. The key managemonl porswnel ¢1 chanty the Iruslees. Ihe Foundir#J Directry 8nd Ihe Joint Execulivo Director. Thè total empknyee benefits ol thè kty managemeffl personnd of the Trusiweré £92.58612020. £91,495). The charity operat95 an aultrenrolmenl pens￿￿ stheme wflh The People5 Pen$w. hjl 51aff are elvj1b￿ onTr they h8Vg passed Iheir probaiim period, and the Charity pays a 4% empbyerfs ￿nInbU￿On. Pension Costs siaied in note 6 and harged In the slalemenl ol Finoncipl kIN1t￿ rewexnl lolal conlribulK)ns pgyatrje by ts ch8nly In the year. Stair costs have b••n analy•d as: 2021 2020 Direct charitabkn expendthjre Fundraising Govem8nce Support 336.668 9.168 ?.549 31.869 363.013 9.545 2.656 33.201 380.254 408.415

Global Generation Notes to the accounts for the year ended 31 March 2021

7
Support costs
Staff costs
Travel and subsistence
Premises
Finance & administration
Legal & professional
Insurance
Depreciation
Training & recruitment
Marketing
Office
Independent Examiner's fee
Other
Fundraising (note 4)
Charitable activities (note 5)
8
Net income (expenditure) for the year
This is stated after charging:
Depreciation
Reporting Accountant's remuneration
9
Fixed assets
Cost
At 1 April 2020
Additions in year
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the period
At 31 March 2021
Net Book Value
At 31 March 2021
At 31 March 2020
10 Debtors:amounts falling due within one year
Trade debtors
Prepayments and accrued income
Other debtors (Taxation)
2,549
-
-
2,760
-
-
-
-
-
-
1,500
-
6,809
Office
Equipment
£
3,716
-
3,716
2,866
627
3,493
223
850
Governance
function
£
General
support
£
31,869
279
50,464
8,280
12,929
4,485
73,357
1,545
793
8,925
-
35
192,961
Campsite
Equipment
£
5,154
-
5,154
5,154
-
5,154
-
-
Total
2021
£
34,418
279
50,464
11,040
12,929
4,485
73,357
1,545
793
8,925
1,500
35
199,770
5,296
194,474
199,770
2021
£
73,357
1,500
Sites
£
212,754
8,661
221,415
89,246
72,730
161,976
59,439
123,508
2021
£
130,627
22,979
7,249
160,855
Total
2020
£
35,857
2,635
71,446
11,040
21,308
4,374
72,157
4,916
949
13,888
1,400
1,269
241,239
6,181
235,058
241,239
2020
£
72,156
1,400
TOTAL
£
221,624
8,661
230,285
97,266
73,357
170,623
59,662
124,358
2020
£
72,580
33,415
-
105,995

10 Debtors: amounts falling due within one year

21

Global Generation Notes to the accounts for the year ended 31 March 2021

11 Creditors: amounts falling due within one year

----- Start of picture text -----
2021 2020
£ £
Trade creditors 23,887 5,655
Taxation, Social security and pension 4,242 13,006
Deferred Income 96,366 91,650
Accruals 2,775 7,375
127,270 117,686
Summary of movements in year on deferred income 2021 2020
£ £
Balance at 1 Apr 2020 91,650 58,679
Released in year (81,650) (58,679)
Deferred in year 86,366 91,650
Balance at 31 Mar 2021 96,366 91,650
----- End of picture text -----

Deferred Income comprises of various deferred grant income: £65,704 (Ernest Cook, Paul Hamlyn, Charterhouse Southwark, Camden Giving, Camden Council), deferred garden commission (£11,912) and deferred other income (£10,000).

12 Movements in funds

Restricted Funds:
Greater London Authority (GLA)
Camden Giving 2019
Greenboard 2019
Greenboard 2020
Reta Lila Howard
Bertha Earth Foundation
Future for Kids
Ernest Cook 2019-20
Ernest Cook Green Monitor
National Lottery-Voices of the Earth
National Lottery- Awards for All
Camden Giving/HS2
Somerstown Big Local
Arts Council
Cripplegate Foundation / FNOP
The Swire Foundation
The National Lottery Community
Fund / Climate Action Fund
Islington VCS
Kumsuma Trust
Mayor's Fund/Kitchen Social
Fixed Assets
Total restricted funds
Total unrestricted funds
TOTAL FUNDS
At 1 April
2020
£
3,323
2,064
4,579
-
8,477
4,632
580
-
-
11,352
-
2,373
820
-
-
-
-
-
-
-
124,358
162,558
221,566
384,124
Income
£
14,222
1,996
-
6,300
-
-
4,000
10,350
18,000
62,270
9,400
27,743
12,420
12,000
7,000
20,125
28,544
3,750
23,229
1,600
-
262,949
489,089
752,038
£
(17,681)
(4,311)
(4,647)
(5,384)
(8,568)
(4,698)
(4,646)
(10,362)
(5,123)
(69,794)
(9,470)
(30,606)
(13,423)
(12,000)
(7,020)
(11,392)
(26,068)
(2,674)
(3,391)
(1,903)
(73,357)
(326,518)
(295,557)
(622,075)
Expenditure
Transfers
in / (out)
£
136
251
68
91
66
66
12
70
490
183
20
303
8,661
10,417
(10,417)
-
At 31 March
2021
£
-
-
-
916
-
-
-
-
12,877
3,828
-
-
-
-
-
8,733
2,476
1,076
19,838
-
59,662
109,406
404,681
514,087

The trustees approved transfers from unrestricted fund to the restricted to cover any deficits left on the completed restricted projects as well as to cover the depreciation charges of the restricted fixed assets.

22

Global Generation Notes to the accounts for the year ended 31 March 2021

12 Movements in funds continued

Restricted Funds:
People's Postcode Trust
Greater London Authority (GLA)
Emergence Foundation
City and Guilds
Honey Club
Wisdom Through the Ages
Camden Giving 2018
Camden Giving 2019
Camden Giving HS2
Greenboard
John Lyons
Bertha Earth Foundation
Cripplegate - Cally
Ernest Cook
Children & Youth (FNOP)
Future Kids
Greener City Fund
Reta Lila Howard
Somerstown Big Local
National Heritage Lottery
Fixed Assets
Total restricted funds
Total unrestricted funds
TOTAL FUNDS
At 1 April
2019
£
12,224
1,843
7,619
5,907
1,099
1,229
2,220
-
-
-
-
-
-
-
-
-
-
-
-
-
34,850
66,992
201,803
268,795
Income
£
-
34,540
771
13,509
26
-
1,813
7,984
36,065
15,930
3,900
15,000
23,524
3,450
16,100
2,000
35,000
29,900
12,420
25,300
-
277,232
646,650
923,882
£
(12,268)
(33,060)
(8,445)
(19,470)
(1,260)
(1,237)
(4,399)
(5,920)
(33,692)
(11,351)
(3,907)
(10,368)
(23,632)
(3,540)
(16,308)
(1,420)
(18,580)
(21,423)
(11,600)
(13,948)
(72,157)
(327,985)
(480,568)
(808,553)
Expenditure
Transfers
in / (out)
£
44
-
55
54
135
8
366
-
-
-
7
-
108
90
208
-
(16,420)
-
-
-
161,665
146,319
(146,319)
-
At 31 March
2020
£
-
3,323
-
-
-
-
-
2,064
2,373
4,579
-
4,632
-
-
-
580
-
8,477
820
11,352
124,358
162,558
221,566
384,124

Greater London Authority (GLA)

Camden Giving 2019

This fund supports our Generator programme and youth led social action projects across our 3 sites - in the Skip Garden and around King's Cross, in Regents Place and Euston, and at the Paper Garden and around Canada Water.

To involve different members across the community in community meals and days, bringing together local children, young people, families, older people, businesses and community groups to connect, create new friendships and build community.

Camden Giving HS2

Running community workshops in the Story Garden including volunteering, supporting the community bed growers, family activities and nature oriented school workshops.

Greenboard 2019 and 2020

Community co-design and build of the Story Garden including the whole community across ages, backgrounds, abilities and sectors.

Bertha Earth Foundation

Ernest Cook

Storytelling and creation of the Story Garden.

Community Gardener role in the Story Garden to run nature connection workshops with children and families.

Ernest Cook Green Influencers

Youth Social Action Projects in Kings Cross and Soutwark.

Cripplegate Foundation / FNOP

Future Kids

Friday night cooking programme at the Story Garden with local children to learn about seasonality, increasing confidence and gaining new skills.

Children and Young people's nature connection workshops in the Paper Garden.

Reta Lila Howard

Nature connection workshops with children and families and intergenerational activities across our sites at Story Garden, Regents Place and Paper Garden.

23

Global Generation Notes to the accounts for the year ended 31 March 2021

Somerstown Big Local Running community workshops in the Story Garden including volunteering, supporting the community bed growers, family activities and nature oriented school workshops. Facilitating the Somers Town Greening Committee and supporting local residents with greening and gardening. National Heritage Lottery/ A mythological, cultural and personal exploration into the healing power of plants. Voices of the Earth National Heritage Lottery/ Supporting young people on a leadership journey to gain the experiences and skills needed Awards for All to develop a deeper sense of self, a stronger connection to their local communities and to leave a positive social and environmental legacy. This is done through training, workshops, visits to businesses, camping and wilderness experiences, hands-on, reflective and creative practices. Arts Council Summer activities as part of the Voices of the Earth project. The Swire Foundation Core funding to support all activities and work taking place at Story Garden. The National Lottery Community Partnership programme to support Islington residents and organisations to increase food Fund / Climate Action Fund growing, reduce food waste and improve access to local seasonal and affordable food through an Adult and Youth Ambassador Programme and linking with other pilot sites in Islington. Islington VCS Intergenerational growing and cooking programme in Islington, particularly focusing on the Caledonian Ward. Mayor's Fund/Kitchen Social Providing meals for children during the holidays to help alleviate holiday hunger. Kumsuma Trust Nature connection workshops and setting up a new garden at Regent High School, volunteering with vulnerable people to do the harvest for the local Food Bank. Fixed Assets This fund represents the net book value of fixed assets. When such assets are purchased the cost is transferred into the fixed assets fund, and future depreciation is charged to the fund. When the assets are donated the value of the donation is shown as income in the Fixed Assets fund.

This treatment ensures the charity sets aside the funds needed to cover future depreciation which would otherwise be a drain on unrestricted funds in years ahead.

On completion of projects, where restricted income is insufficient to cover the costs of a project, the deficit is transferred from unrestricted funds to leave a nil balance on that project. During the year, £1,756 was transferred from the unrestricted funds to restricted funds (2020: £3,016).

In the Trustees’ opinion, there are sufficient resources held to enable each fund to be applied in accordance with the restrictions imposed by donors.

13 Analysis of net assets between funds

Fixed assets
Current assets
Current liabilities
Net assets at 31 March 2021
£
-
531,951
(127,270)
404,681
Unrestricted
funds
Restricted
funds
£
59,662
49,744
-
109,406
Total
funds
£
59,662
581,695
(127,270)
514,087

14 Related parties

The founding director's husband, Rod Sugden, provided training services to the charity during the year. The fee for these services was £4,582 (2020: £9,511). The balanced owed to Rod Sudgen at the year end was £694 (2020: £288.20).

24

Global Generation Notes to the accounts for the year ended 31 March 2021

15 Capital

The company is limited by guarantee and has no share capital. Upon appointment, trustees automatically become members of the company, and each member has undertaken to contribute up to £10 in the event of the company being wound up.

16 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

25