**Company Number: 5052045 Charity Number: 1106420** ## **Global Generation** **Annual Report and Financial statements** **For the year ended 31 March 2023** **Global Generation Reference and administrative details** |**Trustees and Directors**|Benaifer Bhandari (Chair)| |---|---| ||Amir Miah (Treasurer)| ||Jane Jones| ||Georgina Hamill Street| ||Wen Yuh Quek| ||Oluwaseun Ariyibi Ilenda| ||Simon Nicholas Lewis| ||Katherine Logan| |**Senior Management**|Nicole Van den Eijnde – Joint Director| ||Martina Mina – Joint Director| |**Company Secretary**|Nicole Van den Eijnde| |**Company number**|5052045| |**Charity number**|1106420| |**Registered Office**|Suite 352| ||254 Pentonville Road| ||London, N1 9FQ| |**Principal place of business**|Story Garden| ||Ossulston Street| ||London, NW1 1DF| |**Auditors**|Hamilton Coopers| ||66 Earl Street| ||Maidstone Kent ME14 1PS| |**Bankers**|Triodos Bank| ||Deanery Road| ||Bristol| ||BS1 5AS| 2 ## **Global Generation** ## **Table of Contents** **Report of the Trustees** ............................................................................................................................... 4-13 **Auditor’s Report** ....................................................................................................................................... 14-17 **Statement of Financial Activities** .................................................................................................................. 18 **Balance Sheet** ................................................................................................................................................. 19 **Statement of Cashflows** ................................................................................................................................. 20 **Notes to the accounts** .............................................................................................................................. 21-28 3 ## **Global Generation** **Trustees’ report for the year to 31 March 2023** The trustees who are also directors of the charity for the purposes of the Companies Act 2006 are pleased to present their report together with the financial statements of the charity for the year to 31 March 2023. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity’s Memorandum and Articles of Association, the Companies Act 2006 and the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (revised 2019). ## **Structure, Governance 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 23[rd] February 2004 and gained charitable status on the 25[th] October 2004. Its registered office is: Suite 352, 254 Pentonville Road London N1 9FQ. ## **Governing Document** Global Generation is governed by its Memorandum and Articles 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 referred to as the trustees. The following individuals served as trustees during the period and to the date of this report:: Jane Jones Amir Miah Georgina Hamill Street Benaifer Bhandari Wen Yuh Quek Oluwaseun Ariyibi Ilenda Simon Nicholas Lewis Kathrine Logan (appointed 1 November 2022) Jane Storie (resigned 24 January 2023) All trustees served for the full year unless otherwise indicated above. The Trustees meet approximately every 8 weeks to review the activities and direction of the charity. The day to 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 of the projects, which is an important part of ensuring the direction and spirit of the charity stays true to its original vision, aims and objectives. ## **Recruitment, appointment and induction of new trustees** New Trustees are recruited by the Board who consider the skills currently available and then identify the requirements of any additional or replacement trustee. Potential trustees are invited to 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 to 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. 4 ## **Global Generation** **Trustees’ report for the year to 31 March 2023** ## **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-term funding and resource mobilisation. The charity continually strives to develop new and more diverse sources of income to fund our work. ## **Public Benefit** The Trustees confirm that they have complied with their duty under Section 17(5) of the Charities Act 2011 to 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 its charitable objectives, as detailed under Activities and Achievements below. Where possible we have attempted to quantify the number of direct beneficiaries, and we also believe the community-building aspects of these activities provide benefit to the wider public both in the areas where we work and beyond. ## **Objectives and principal activities** 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 wilderness 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 to society and the environment. To achieve these objects, during the last financial year the charity carried out most of its 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 practical and reflective learning journey. The Charity helped them grow in themselves, in relationships and in practical actions to leave a positive legacy (I, We and the Planet). Rooted in the rhythms and patterns of nature our projects have included a combination of: - Environmental actions: supporting urban food-growing, increasing biodiversity, healthy cooking and eating, upcycling materials, youth-led campaigns and projects. - Bringing different parts of the community together across age, backgrounds and abilities through events, workshops, gardening, cooking, making and eating together. - Creative Arts: photography, film, writing, storytelling, singing, performance, design, ceramics and making. Teams of paid staff and volunteers have led the work at the Story Garden in King’s Cross, the Paper Garden in Canada Water, and from our newest space the Floating Garden in King’s Cross. The main teams are Youth and Community, Gardens and Build. ## **Story Garden in King’s Cross** Through our weekly programmes, activities and workshops we inspire creativity and offer nature connection and outdoor learning opportunities, keeping nature at the heart of everything we do. Our work in and around the Story Garden in Somers Town provides local residents, families, children and young people with the opportunity to get outside, develop practical hands-on and creative skills and connect to their local community and area. It bridges relationships between businesses and local people of all ages, creating a space for people from different backgrounds to find common ground, slow down, appreciate nature in the middle of the city and to imagine their futures differently. 5 ## **Global Generation** **Trustees’ report for the year to 31 March 2023** This year in the garden we embraced the dramatic changes to the seasons, moving from the sunny spring to the intense dry heat of the summer, the vibrant growth period in the autumn and then into the darkness, stillness and snow of winter. Throughout, the garden has remained a space of nourishment and respite, where people made connections with each other and learnt to appreciate the rhythms of nature in all its extremes. Alongside a busy year in the Story Garden, we worked with residents from the local housing estates in Somers Town to make the area greener, with a longer-term aim to build a legacy of skills, knowledge and resources for the benefit of the community. Throughout the year we have provided opportunities for young people and local residents to become involved in shaping the local landscape. This is particularly important in Somers Town where access to green space is low, poverty levels are high, and land is so contested due to largescale redevelopment in the area. There are common threads in our work such as improving the wellbeing of people, communities and the planet through creating greater access to green space and promoting biodiversity and sustainability in the middle of the city. Our work goes beyond gardening and greening, showcasing what’s possible through dialogue, reflection, positive action and coming together as a community to create a new vision for the area and beyond. ## **The Need** The Story Garden sits at the heart of an area undergoing huge development and change, often to the exclusion of the local residents who feel the new spaces being created are not for them. Somers Town has some of the highest levels of deprivation in the UK and the life expectancy rate in the Somers Town ward is 10 years lower compared to the most affluent ward in the borough. The area is at high climate risk, has a lack of green space and the large-scale development has further created pollution and environmental damage to an already fragile corner of Camden. The Story Garden was co-created by local residents, particularly young people and families, providing them with a way to feel greater ownership of a local green space and addressing the many barriers experienced by disadvantaged communities across London in access to safe green spaces. It showcases how disused urban spaces in the middle of the city can become an oasis for plants, people and communities to grow together and provide a platform for weaving people together who would not usually meet - people of different ages, sectors, abilities, cultures and social circumstances. In creating the right conditions for people to connect with each other and with nature something ‘more-than- expected’ takes place as a result of these relationships. We ran the following activities and programmes at the Story Garden and in the surrounding area: - **75 community growers** have growing bed space in the Story Garden. They live in the housing estates in Somers Town and have no other access to growing space. Community Growers produced a huge volume of fresh, culturally appropriate fruit and vegetables that they took home and shared with members of their communities. - We ran **33 drop in sessions** for practical growing support, which over **100** local residents attended. - **43 Twilight Gardening** volunteering sessions were delivered which brought over **150** people together who live and work in the area through food growing, gardening and greening. - **8** young people with special educational needs from the **Harington Scheme** developed their social and emotional skills, as well as practical gardening skills. - Delivered an **Afghan Men’s Wellbeing Group** for **8** men, supporting them to integrate and connect outside the hotels, slowly meeting new groups and communities and venturing out with greater confidence. - In partnership with the **Family Centre at Edith Neville Primary School** we hosted regular wellbeing and gardening sessions with **95** refugee families and isolated residents from Somers 6 ## **Global Generation** **Trustees’ report for the year to 31 March 2023** Town (including 20 young children), which have now developed into weekly cooking and craft sessions. - **Harvested and donated 250 kg** of fresh produce to the Camden Mobile Food Bank. This included over 45 different crops. - Delivered sessions for **30 16-18 year old ESOL** students from a local college who are refugees and asylum seekers. They harvested the food donated to the foodbank and developed their woodwork and ceramics skills through making plant pots for the Floating Garden and starting to make chestnut shakes for the community kitchen and handmade bricks for the office in our new permanent site. - Ran **47 Family Saturday sessions** , which **110** families attended - over 250 participants. These sessions connect local families to nature by being outdoors, exploring nature and wildlife, free play, getting hands dirty with gardening, carpentry and other practical activities and provide opportunities for families to meet each other and socialise through cooking and eating together. - Hosted **10 Monthly Family Feasts** where children learnt to cook over the fire, use the pizza oven and honed their knife skills as well as picking produce from the garden for the meal. - Delivered a popular **After School Club** in partnership with Edith Neville primary school, benefiting **20** local children. - Ran a **4-week Summer Holiday Camp,** offering nature based activities and a hot meal for over **50** local children and young people aged 6-19, including the opportunity to go on camp outside of London for two nights for the older young people. - Creatively led on the **Phoenix Court Canvas** , bringing together local organisations, residents and young people to explore cultural stories around water and awakening the dragon of the River Fleet that runs under our feet roaring ideas, ancestral stories, memories and images into life. - Supported **3** local schools to set up and develop **gardens in their school grounds** - Worked with **4 housing estates in Somers Town** to identify and develop greening and growing areas with **90** local residents. - Supported over **50** young people on our **Youth Programmes** to connect with themselves, each other and become responsible stewards towards the Earth. Our flagship youth programmes aim to support young people in developing a sense of belonging and connection to the local community as well as increasing their confidence, exploring different types of leadership models, getting familiar with different career paths (through our partners and events), finding their voice and self-esteem. - Co-created and launched our newest green community space - the Floating Garden - in collaboration with local young people and gaining support from 3 corporate partners for its maintenance as a community space in Kings Cross. - Hosted 8 Community Events to mark the seasons and different cultural celebrations, in which 4000 people came to celebrate, come together as a community, meet new people, and share food and stories. - 15 young people from King’s Cross went on a residential camp at Wilderness Woods in the summer holidays. 7 ## **Global Generation** **Trustees’ report for the year to 31 March 2023** ## **Paper Garden in Canada Water** Since April 2022 the Paper Garden has worked with over 1,800 local people. We have responded to the needs of the local communities through: - Donating over 250kg of fresh food - Building the new community classroom with local people and through volunteer days - Providing outdoor education for six Primary Schools - Albion, St John's, St Joseph's, Alfred Salter, Peter Hills, and Redriff - We have maintained relationships with the following Secondary Schools: St Thomas The Apostle College, Compass, St Micheal's, City of London Academy, Kingsdale, St Olave's and St Saviour's Grammar, Ark Academy Walworth, Harris Academy Bermondsey - Over the past year we have grown deeper relationships with: Love North Southwark Food Pantry, Time and Talents, Surrey Docks Farm, Silwood Community Centre, Hawkstone TRA, Surrey Quays Shopping Centre, Roots and Shoots, Restorative Justice for All, Brunel Museum, NHS, TEDI London, Greenwich University, King’s College University, University Arts London - Running our youth programmes 2 evenings a week - Opened the garden through a celebration event hosted by young people with 200 local people attending. ## _**The move and the build**_ This year saw the build of the new Paper Garden classroom really get underway. We have been converting an old shed into a classroom and office space, building a cordwood wall and upcycling materials. It is the largest cordwood build in the UK and largest circular economy build in London. Over 3000 volunteers and local people have helped grow the site so far. As lime mortar can get damaged when it freezes, we had to wait until April 2022 to begin proper construction of the cordwood walls. This was a long and labour-intensive process, but this allowed us to involve 1000’s of people in its construction. We hired 10 young people to be trained in this traditional building technique and they then led teams of volunteers to strip bark, chop wood, mix lime and build it. For other parts of the build this year we have been supported with site management and procurement by both Wates and then Mace. This has helped us source the majority of materials needed through circular economy practices meaning as much as possible is built from recycled materials. Through their supply chains they have supported with pro-bono or reduced cost labour to fit windows, install the ceiling, do all the MEP (Mechanical, Electrical and Plumbing) internal fit out, painting the outside and internal carpentry work. In January 2023 we hired a new Community Build Manager to oversee the remainder of the works and involve the local community in getting the space ready. It is due for completion in July 2023. British Land have kindly given us temporary access to an unused restaurant space to use as an office/group space while we’re waiting for the classroom to be finished. ## _**The Generator Programme**_ From February-December 2022, 35 young people from Southwark took part in the weekly Paper Garden Generator Programme, a youth leadership programme for ages 10-18. At least 14 of these young people had access to Free School Meals, and 20 young people were from Black and minoritized ethnic backgrounds. The young people were in two groups of 15, based on ages, and attended biweekly garden workshops. ## _**Residential camps with young people**_ In August young people from Southwark embarked on an adventure to the New Forest and to Wilderness Wood, in Sussex. In the New Forest 15 young people camped with other young people from Bristol, forming new friendships and connections in the middle of ancient protected woodland. 8 ## **Global Generation** **Trustees’ report for the year to 31 March 2023** This camp was run in collaboration with Black 2 Nature. In Sussex 12 young people slept, explored and foraged through a 62 acres of chestnut coppice, beech, Scottish pine, douglas, cedar and giant sequoia woodland. For most, it was their first camp with us; for some, it was their first camp at all. We all shared unique experiences with one another that brought laughs, tears, songs, stories and wonderful art. ## _**Green Ambassadors**_ From February-December 2022, 35 young people from Southwark took part in the weekly Paper Garden Green Ambassador Programme, a youth leadership programme for ages 10-18 which enables young people to continue their journeys with Global Generation after completing the Generator Programme. At least 6 of these young people had access to Free School Meals, and 18 young people were from Black and minoritized ethnic backgrounds. The young people were split into two groups, based on ages, and attended bi-weekly garden, craft, cooking, social action, and mental health workshops. The Green Ambassadors voiced their desires to make more gardens like the Paper Garden in the local area. We connected with local community groups in the Silwood Estate including Oopsy Daisy Nursery and Silwood Youth Club. Together with our Green Ambassadors we worked hard to turn a disused lot on the Silwood Estate into what is now the Alphabet Garden and Creative Space that launched in October 2022. The Green Ambassadors also had the opportunity to help shape the planning applications for the new Park and Pavillion close to The Printworks in a consultation process with Townshend Landscape Architects. ## _**Young people education workshops**_ Every week Bosco College students, including their ESOL (English for speakers of other languages) group, has visited the Paper Garden. They have helped build the new garden, cooked lunch, grown food, and had fires. Roots and Shoots SEND (Special Educational Needs and Disability) students have visited the garden for monthly workshops, helping transform the new space. We hosted a month long Intern from Career Ready and two work experience placements in July. Time and Talents holiday club have used the new garden for outside activities. NHS Families and local families have visited the garden, watering, harvesting, and cooking together. ## _**Twilight Gardening with local people and King’s College**_ We hosted 6 evenings of gardening and dinner for local people and health researchers. ## _**Community Growing group**_ The Community Growing Programme has seen 14 members of the local community learning to grow food and develop a community garden. The group met once a month where they received training from employees, Jack and Seth, on an aspect of growing, maintained the community beds and enjoyed a communal meal. 10 out of the 14 members said this was their first experience of growing like this and 8 people don't have access to green space at home. The training included seasonal planning, seed sowing, feeding and caring for the soil, the basics of compost and harvesting crops. The training we provide includes tips in organising and growing communally, skills required to successfully run a community growing programme. This meant that the growers spent time each month self-organising; creating a seasonal growing plan and inputting on the development of the programme. Looking forward, the group will integrate further with Paper Garden's operations, getting involved with Saturday openings, community cooking and supporting with growing and maintenance of crops. 9 ## **Global Generation** **Trustees’ report for the year to 31 March 2023** ## _**Primary schools**_ We worked with the following primary schools: Redriff, Albion, St John’s, St Joseph’s, Alfred Salter. We have facilitated 60 workshops in the Paper Garden, working with every year group, from Year 1 to Year 6, in each one of our six partnered local schools. Activities are varied through the year, changing with the seasons but the education and experience has remained true to our practice at the Paper Garden. Working to incorporate the curriculum where possible, we used water as a prompt through the summer, understanding the water cycle and the human-made infrastructure around our water needs. This leads us to water in plants, and what the different needs of a plant are in order to allow it to grow healthily. In the Autumn and Winter term we deep dived into soil and what lies beneath our feet. This investigation was based around us creating our own soil on top of the concreted Paper Garden. Worms, compost and how soil bacteria supports our plants led us to important conversations around land rights with some of our older students. Opportunity for the children to get their hands dirty is always met with joy and excitement. We have sown thousands of seeds for the Paper Garden and the schools we work with, harvested organically grown food, turned compost and built new growing beds. Each child leaves with an experience they could not access anywhere else and with knowledge they didn't realised they wanted to learn. ## _**Young Gardeners**_ The Young Gardener programme ran through 2022 with two groups of children from local primary schools, Alfred Salter and Redriff. The children were selected by their school's pastoral leads, identified as struggling with life within the standard classroom environment. The aim was to build their confidence, communication skills and improve engagement in their learning and wider school life. 40 workshops were delivered 40 children were involved. ## **Organisational Development** This year has seen a few changes within the staff team, with the hiring of a new Community Chef, Office Assistant and Community Build Manager. This has helped strengthen the team and brought extra capacity. This year we have been focusing on both wellbeing and inclusion, for staff and those we work with. The winter saw us pilot a new way of working during the colder, darker months to allow everyone to rest and recuperate, alongside a residential 2-night stay in the countryside together. All staff have been taking part in Trauma Informed Practice training and we have set up a working group to support embedding this training in how we work. Work towards the Triangle site has picked up, we have appointed a full design team including structural and MEP engineers. We are working towards the completion of our Agreement to Lease which is due to be completed in summer 2023 ready to take on the site at the end of the year. Our newest space, the Floating Garden is now open to the public! Since arriving in Kings Cross in April 2022, it has continued to be developed by the young people who will use it, with a water themed mural, roof garden, insect habitats and herbal planting. Our public programme is going from strength to strength, with a series of community events and workshops planned for half-terms and with a weekly school programme running in between. ## **Volunteers** The Charity always welcomes volunteers. Volunteers have enabled the delivery of various programmes at the Story Garden in King’s Cross and Paper 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 to King’s Cross Central Partnership, our lawyers at Freeths and the contractors on the King’s Cross and Canada Water development for their ongoing support. 10 ## **Global Generation** **Trustees’ report for the year to 31 March 2023** ## **Future plans** In line with our strategic plan over the coming year we have set ourselves the following strategic targets: 1. To develop and maintain key localised gardens in Camden, Islington and Southwark influenced by I, We and the Planet. These will serve as Global Generation hubs for the team to operate from and as a base for our children, young people and community projects. We will share learning and practice across boroughs. 2. To work with the directors of Wilderness Woods in Sussex and the Quadrangle Trust in Kent to run rural camps for children and young people and to be open to further collaboration with other organisations that support wildlife and holistic farming practices. 3. To deepen our relationships and grow our outreach work in the communities with the highest levels of need in the areas surrounding our gardens. 4. To actively work on greening and nature-oriented community work in the green spaces and streets surrounding the Story Garden and continue to develop the legacy of the Story Garden. 5. To work with local young people on a co-build process for the Floating Garden, our community growing barge on the Regent’s Canal in King’s Cross. 6. To finalise both the lease for a permanent Garden on the King’s Cross Estate in Islington and the fundraising for capital works, and start the build. 7. To grow our influence and impact through writing, speaking and other forms of wider dissemination. 8. To grow a resilient financial model for Global Generation aligned with the growth of the organisation. 9. To invest in developing Global Generation’s culture, team, systems, skills and knowledge. In King’s Cross, we will be looking to develop our legacy in Somers Town over the next five years by creating sustainable green spaces on underused pieces of land in local housing estates which will bring local people together, develop their skills and knowledge, support their health and wellbeing and improve the environment. This will take place whilst we initially continue to run our programmes in the Story Garden, and then eventually wind down our activities there and move to our permanent site - ‘The Triangle’ (working name) - in the Caledonian Ward of Islington. The Triangle site will be a space where young people and the community can come together to learn about how to take care of themselves and the planet. There will be a process of community conversations, co-design and co-creation, so that local people, especially young people, have the opportunity to develop their skills and create a meaningful space where they have a sense of ownership. It will be a place for the local community to find a deep connection to nature and learn about biodiversity and climate justice. It will also be a safe and inclusive space, supporting the health and well-being of communities and the environment. The new, permanent, garden will be built by the community and last for generations to come. Through community and youth workshops and programmes which are starting in March 2023 in the Story Garden, we will offer local people the opportunity to co-build the three structures on the site, each with a focus on a different type of sustainable construction. There will be a deliberate focus on ‘slow architecture’, emphasising the process of organic community creation, rather than a fast finished product. We feel it is important to offer residents, young people, children and families in Somers Town the opportunity to become involved in the early stages of this co-creation, so they have a connection to the new site as well as the opportunity to develop their skills by being a part of its early creation. 11 ## **Global Generation** **Trustees’ report for the year to 31 March 2023** ## **Financial review** The financial year ending 31[st] March 2023 was a year of growth and move – the charity moved the Paper Garden and built a new Garden in a new location in Canada Water. The charity has shown a strong overall performance and grown beyond one million income in year for the first time in its history to a total income of £1.4m, a growth of £517k / 58% compared to last financial year (£885k). About 60% of this growth is down to one-off funding for the build of the new Paper Garden, with the rest being actual growth in delivery of the many charitable activities across the sites mentioned above. Spend increased only by 21% from £791k to £958k. Staff cost increased the most by £90k / 21% mainly due to the full year effect of staff hired towards the end of last year, now including staff cost for a full year (the number of employed staff increased from 18 to 23 in the last financial year). Costs for running programmes also increased by 21% due to the increase of activities in year discussed above. Support costs increased only slightly by £30k compared to last financial year. The net effect of these changes was positive and the charity enjoyed a surplus of £444k for the year of which £312k was restricted funds and £132k was added to reserves. The trustees are pleased with this result and with healthy addition to reserves the charity is in a reasonably strong financial position for the challenges ahead. ## **Reserves** The trustees’ policy is that the balance of reserves held by Global Generation should be equal to between three and six months of the organization’s running costs, which in monetary terms means £226k to £452k based on the figures in these accounts. The trustees believe this level of reserves will provide short term financial stability and allow time to secure alternative sources of funding, in the event of a significant drop in income. Reserves, which are shown as unrestricted funds in the balance sheet, increased during the period from £403k to £535k and were equivalent to 7 months expenditure at the end of the period. Although this is above the charity’s policy, the trustees believe this is acceptable given the coming move to and build of the first permanent premises at the Triangle site and the consequent increased spend and uncertainty in the budget for the financial year 2023-24. ## **Statement Of Trustees Responsibilities** The Trustees are aware that Company law requires Trustees to prepare financial statements to: - Select suitable accounting policies and then apply them consistently. - Observe the methods and principles of the 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. - Prepare the financial statements on a 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 Charity 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Statement As To Disclosure Of Information To The Auditors** So far as the Trustees are aware, there is no relevant information of which the charitable company’s Independent examiners are unaware, and each trustee has taken all the steps that he 12 ## **Global Generation** **Trustees’ report for the year to 31 March 2023** or she ought to have taken as a trustee in order to make himself or herself aware of any relevant audit information and to establish that the charity’s auditors are of that information. A resolution proposing the reappointment of Hamilton Coopers as auditors will be put to the annual general meeting. ## **Small company provisions** This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Sep 19, 2023 This report was approved by the Board of Trustees and signed on its behalf on ........................ by AMIR MIAH (Sep 19, 2023 12:22 GMT+1) Amir Miah Treasurer 13 ## **Global Generation** ## **Independent auditors' report to the Trustees of the Global Generation** We have audited the financial statements of Global Generation for the year ended 31 March 2023 which comprise of the statement of financial activities, the balance sheets and the notes to the financial statements, including a summary of 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 group’s and of the parent charitable company’s affairs as at 31 March 2023 and of the group’s 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; - have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011. ## **Basis of 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 company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' (who are also the directors of the company for company law purposes) 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 entity'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. ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in 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 there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 14 ## **Global Generation** ## **Independent auditors' report to the Trustees of the Global Generation** We have nothing to report in this regard. ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion - the information given in the financial statements is inconsistent in any material respect with the trustees' report; or - the charitable company has not kept adequate accounting records; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the trustees' responsibilities statement [set out on page 8], 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. ## **Our responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Capability of the audit in detecting irregularities, including fraud The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Based on our understanding of the company and industry, and through discussion with the management (as required by auditing standards), we identified that the principal risks of noncompliance with laws and regulations related to their FCA permissions and requirements. We considered the extent to which non-compliance might have a material effect on the financial 15 ## **Global Generation** ## **Independent auditors' report to the Trustees of the Global Generation** statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure and management bias in accounting estimates and judgmental areas of the financial statements such as accrued income. Audit procedures performed by the engagement team included: - Discussions with management and assessment of known or suspected instances of non compliance with laws and regulations and fraud; and - Assessment of identified fraud risk factors; and - Challenging assumptions and judgements made by management in its significant accounting estimates; and - Performing analytical procedures to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and - Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and - Reading minutes of meetings of those charged with governance; and - Review of significant and unusual transactions and evaluation of the underlying financial rationale supporting the transactions; and - Identifying and testing journal entries, in particular any manual entries made at the year end for financial statement preparation. There are inherent limitations in the audit procedures described above and the further removed non compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.- Obtain an understanding of - internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the company's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the members. - Conclude on the appropriateness of the members' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw 16 ## **Global Generation** ## **Independent auditors' report to the Trustees of the Global Generation** - attention in our Auditors' report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Because 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 noncompliance with regulation. The risk increases more when 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 is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 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.uk/auditorsresponsibilities. This description forms part of our auditor's report. ## **Use of our report** This report is made solely to the Charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity's trustees 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 Charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Asim Malik, FCA (Senior Statutory Auditor) 66 Earl Street for and on behalf of Maidstone **Hamilton Coopers** Kent ME14 1PS Chartered Accountants and Statutory Auditors Date: Sep 20, 2023 **Hamilton Coopers is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006** . 17 Global Generation Statement of Financial Activities (incorporating the Income and Expenditure Account) for the year to 31 March 2023 Unrestrlcted Funds 2023 Reslrictod Funds 2023 Totsl Funds 2023 Totsl Funds 2022 Note Income Donations Grants Incorne from trading operations Other income 117,283 169,714 352,607 1,069 152,755 442,037 166,590 270,038 611,751 519,197 1,069 63,681 472,061 349,067 653 Total Income 640,673 761,382 1,402,055 885,462 Expendlturo Fundraising Charitable activities.. 34,946 431,263 34,946 923,094 27,552 763,268 491,831 Total expendlture 466,209 491,831 958,040 790,820 Net Income I lexpendllurel belore translers 174,464 269,551 444,015 94,642 Transters bèlwtèn lunds 142,4401 42,440 Net movemènt In funds 132.024 311,991 444.ols 94,642 Rèconelllatlon ol lund$ Total funds brought lorward 402.690 206,039 608.729 514,087 Total funds carrled fonyard 12 S34.714 518.030 1.052,744 608,729 18 ## **Global Generation Balance Sheet as at 31 March 2023** |**Note**
**FIXED ASSETS**
Tangible Assets
9
**CURRENT ASSETS**
Debtors
10
Cash at bank and in hand
**CREDITORS: Amounts falling due within one year**
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
Restricted funds
Unrestricted funds
12|**2023**
**£**
432,109
277,636
557,881
835,517
(214,882)
620,635
**1,052,744**
518,030
534,714
**1,052,744**|**2022**
**£**
170,442
179,535
576,443| |---|---|---| |||755,978| |||(317,691)| |||438,287| |||| |||**608,729**| |||206,039
402,690| |||**608,729**| The Trustees acknowledge their responsibilities for: - (i) ensuring that the company keeps proper accounting records which comply with section 386 of the Act, and - (ii) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company. The Trustees have prepared these accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The notes on page 21 to 28 form part of these financial statements. Approved by the Board and signed on their behalf on .......................................................by Sep 19, 2023 AMIR MIAH (Sep 19, 2023 12:22 GMT+1) Amir Miah Treasurer 19 Global Generation Statement of Cashflows for the year ended 31 March 2023 Reconciliation of net movement in funds to net cash flow from operating activities 2023 2022 Net movemenl in funds 444,015 94,642 Add back depreciation Decrease I lincreasel in debtors Increase I Idecreasel in creditors 100,501 198.1011 1102.8091 93,423 118,6801 190,421 Cash (used inl I provided by operating activities 343,606 359,806 Cash flows from investing activities Purchase of tangible fixed assets 1362,1681 1204,2031 Decrease in cash and cash equivalents in the year 118.5621 155,603 Cash and cash equivalents al the beginning ol the year 576,443 420,840 Total cash and cash equivalents al the end of the year 557.881 576.443 20 Global Generaiion Noles to the accounts for Ihe year ended 31 March 2023 1 Prln¢lpal a¢¢ounllng poll¢l¢$ The principal accounting w11￿e5 athpled n It￿ preparabon ol Ihe finarKx& 5trtenEnls are set out bdow. lal B35is of accounting These financial statements have bew prepar￿1 urthrthe historic¥ ¢051 convwtion In accordan￿ the Slalement ot Recommended Praclice'Accounling and Rewrbng by Chanties. effective January 20191lhe Charities SORP IFRS 10211, UK accounting slandarlts. including'Finareial Rewrting Standard 102 The Financkl Rewrting Stsndard ap￿iCa￿e in the UK a￿1 Republic ol Ireland, IFRS 1021 a￿j the Companw *&t 2W6. Ibl Fund •ccountlrwJ lil Unrestricted funds are avwlable tor use at Ihe discretKin ol Ihe twstees in turtherance ol the general objectives ot the charity lill Reslricled funds are sutr4ecl to SFrfrfic CrThlrt￿nS vnposed by the drmr as to howthey May be used The purposes and uses ol the reslrKled lunds are set oul in the noles lo Ihe accounts. Transters bemren funds are made to cover delI￿ts on 1ndMdU￿ re51ricleil luTrYs to rwnBe tixed assets. including Ih05e acquired ¥%ilh restrict80 Income. separalety ￿11￿￿ ￿s￿led I￿ts. Icl Income All Income Is Included in Ihe $lal8rnenl of lin￿￿1 xlivit*s I￿n Ihe r*amy enli1￿ lo th8 income and ihe amount can be quaniilieo 4Wh reasonable accuracy. The lo1￿1r￿j specrfr p)Irie5 are aFpled 10 particular calegorie5 01 Income. lil Income r8C8W8d by way ol grani$. Lbna1ior￿ aThJ gffts Is indu08d In tull In the Slal8meN ol Financial A￿1¥11188 when receivable. 1111 Grants r8C8watle ar? recognised %th8n th8chanty becomes un¢oTrlit￿na1Y 8nti1￿j io the grant. liiil Donated profess￿n￿ $8ryices and th)naied t￿1￿￿98 ar8 r8cognis•J as income the recew ol ecwmic bgnetll from the use by the charity ol Ihe rtem Is prcthtle and Ihai banelii can be mea5ur8d reliaNy', a corresponding amount Is then recognised In expendi￿re in the same ￿ntsY. (lvl The ol seNKes kvovh1ed by volunie8rs has r￿1 been Ir￿￿1*Y Ih8se arxounts. Ivl Income from chaiiiaNe aciwnies is xcouni8d lor earned. 11 r8c8wed in ad¥anc?. fe88 from cour888 and projects are delerred until Ihe I81￿an1 aclivity has tsk8n ￿a¢0 Ivll InY8sim8ni Income is irKlud8d *then iec•vabl8. Ivlll Income r￿e1ved in adwance is deleryed thmil the crh8rta ￿Orne recoJnllwJTh ar8 met. Idl ExpeThdltur8 EX￿nditUr￿ Is recopnlsed on an acuuab as a Ikqt¥hty 18 inirred. 8TrJ any VAT cannot be lully r8COV8red. 111 Cost ol generating fund5 Incoffj￿r￿eS the saL8ri8s. e•p*Th1ilure and ￿ethead cosis ol Ihè stall *ho undèrtake lurK1ralsing ￿Ik. 1111 Chaniable exp8ndhure comww costs Ir￿ur￿j on wopcts undanaket) It) wrsuatKe of the charltable alms ol the company. Illil Governart8 Costs arn those costs Ir￿ur￿d in the managèm8nt ￿ the chatitys assets. oryanisatlon and compllance lurtlions. livl Support cosis are those costs irturr*J by Ihecompany in surport ol its main charitable activities and projects. Where costs cannot be directly attntrtrted, It*y have been alkncaied 10 activities on a basis constsieni with the use ol resources. Ivl Thè value ol services provKJed by volthtsÈrs has Mi irtludwl in Ihese a¢c4>Jnis. lol Tanglble ffxed assets and depre¢lal10 Tangible fixed assets costing over £5￿ Iinclu(*NJ any 1rtwJeni￿ eyw)ses ol acquisilK)ni are capialized. Deweciation is ovided al rates calculated lo w￿le off the cost on a straghl line basis overtheir ex￿ted useful economic liltr. The rate ol depreciation is generally 33,33 % per torall assels. ExÈtnptKJns frorn this rule are the Barge and the new Paper Garden which are de[xeC￿ted oveT 6 atKJ 5 yews re5pectNely. 2 Oonatlons 2W23 2tr22 Donated Pretnises Donated pro bDllO SerV￿e5 Other donations 86,0(K) 152,755 31,283 270,038 51,250 12.431 63.681 ring the year the charity r￿￿ed in-knrHI SUFWt recogrysed in these accounts lor renl-tree wemi5e5 lor the Story Garden in King 5 Cros5 Y￿￿ed al f40.IX)O. and Ihe Paper Gard2n in Canada Watervaued at £46.000. Further. the charity received pro tx)no vnrkfrom various comp3nie5 lor Ihe bu1￿ ol Ihe r￿MpaPPr Gath ￿ Carwla Water. 21 Global Generaiion Noles to the accounts for Ihe year ended 31 March 2023 3 Grant$ 2023 21122 Grants from Government Bodie¥ Catnden Council Catnden Courol Catnden Courril Islington Council Soulhvrdrk Counul Soulhvrdrk CourKil Soulhvrdyk Couwil Soulhvr4Yk Council Mayor's Fund Camden COU￿11 Greater London Aulhrth IGLAI MRC Future NwglknwrtK>od5 Fund mer5 To%%n Glow Gererat#)n Ga01w￿r ckslarter Grants Volunary&Communrty S￿tOr Team ComnK)n Purkk)se Grant Posrtive Future tor Your¥J PeoF4e Fund CGS (Greeniry arKI Grwwl PUNIC Heallh t*visK)n l Food Se￿niY Ichen Sco S106 granl for the FloabThJ Classrwm Fofyj RwgYouThJ Lonthin Inspred b Relenih)n thme &8.050 6.060 18.750 8.486 13.629 15.300 17.000 15.360 17.0(K) 22,750 4,636 5.0(K) 2.250 1.600 108.772 19.596 8.989 141,226 212.122 Other GT8nts Phoenix Court Works H&Yiiage Lottery Fun The Cblhwrrkers Foundabon The Cly Bridge Trusl M & C Freeman Chaiitalte Trusl Kusuma Trust Ernesl Cook Ernesl Cook The Svire Foundaih)n Paul Hamlyn Childhood TNSI GreenBoard The London Community Fwndali Criptyegaie Foundation Crlprdegaie I Isllngion GfviThJ The Natyonal Lottery CommuThty FL￿d The Natyonal Lottery CommuThty FL￿d Young Camden Fwndati Camden GIWNJ CripFdegaie I Isllngion G￿ing Somfrrsiown &'g Local Ag& Unlimi18d Rose Foundaiion Other Grants < £S.O Varnus Core Grants Vtyces ol Il* Waler Built*rg a Community Wothj Work wOrk￿P Story Garden Manapr Core Grani lor CamF6 o*ing lQ38lhw. leamry togelhergranl (>een Inlluenc8fiMoniior Jldw Lwning &arn C•re suFwrt N&ightouthotrJ Graffl MaichluTrJirKJ C4mmunfly OBE Clima18 FuThl SuEwn lor Par8nis Frthy nvjhl out Y￿ffi svgact A**rds lor ￿1 Clmaie Act￿n FuThJ Summer Pwamme Acimlh HS2 Camdèn Granimakers S￿ry Garden Manapr Iniergewdra￿)￿ project Dtsabkd Lrfl ltr Barge Varw)u$ Giants 101.000 75,383 33,000 7.063 4,345 25,000 24,870 13,800 24,000 20,000 20,000 18,900 16,667 14,675 12,000 10,0Tr) 7.810 8.040 13.800 20.000 12.000 9.998 57.084 9.410 27.742 15.638 12.420 5.000 5.000 17.518 17,787 470,525 259.939 611,751 472.061 4 Fundralslng 2W23 2￿22 Slaff costs Support costs 24,697 10,249 19.333 8.219 34,946 27.552 Global Generaiion Noles to the accounts for Ihe year ended 31 March 2023 S Charltsblg a￿1vIll¢S 2023 21122 Staff costs FreelanTr project stsfl Volunteer5 expense5 Project maleri*s (Jher direcl tyoje¢l costs Support costs 455.4n 83.958 275 85,918 108,460 189.010 379.915 65.032 562 50.380 105.857 161.522 923,094 763.268 6 Stsff costs 2023 2022 Gross salaries Emtyoyw's national In5urarte Pen*on 477,273 36,458 12,739 399.605 27.248 9.193 $26,470 436.046 The average number of lull lime ern￿oYeeS during the year was No member ol slaft r8c8wed emoluments ol ￿re Ihan £60.CWéurinp the y8ar12022.' none). None ol the charily's Irusiees rec•ved any r8mun8raliw Ic< Iheir $8r¥ic8s as Irusiees Lbring Ihe yw. One T￿￿tee5 was reimbufS8d Iravd expenses incuried in ￿￿r￿ming hw ¢Jtsty as InK818e5 10 a IOMI 01 £13312022.. £1261. The key management personnd ol Ihè chariiy comkyise I￿ Irusie88 and the Joini Ex8cuiw8 Dire£lors. The lolal empbyee b&nelilS ol the k8y managemenl pwsonr*l ol the Trusi *W8 £82.32712022.' £102.0731. The charity 0￿raleS an auio-enrolmeni Pe￿￿n scheme Wlh Thè PeO88 P8nsYJn. Al siaH ar8 eligible once Ihey have passad Ihelr probation ￿riod. the ehaniy pays a 4% emF4oyer's conirit¥JlK)n. PensK)n cosis siaied In Thxe 6 and charg•J In Iha 8iaiemeth ol FInarK1￿ ActiVitk98 18W888ni Ihe coniribjli￿s payabl8 by the charity in Ihe year. Stoif eo•t8 have b8•n •nalyB8d a•: 2023 2022 Dlreci chariiat4e exFenditur8 Fundrai￿ Govemance SuFPOrt 455,473 24,697 2,951 43,349 279.915 19.333 3.320 33.478 $26,470 436.046 7 Support costs Gewal support TOMI 2029 Toial 2022 furKiion sialf Costs Travel and suttsistence Premise5 Finance & administrat￿n Legal & prote5sional Insurance Deweciatio Training & recruitment Marketing Office Audit Fee Other 2.951 43.349 2.365 46,3LK) 2,365 99,111 11,040 8,283 6,738 387 8,382 837 12,802 2,3(X) 714 36.798 1.235 59.868 11.040 18.290 5.991 612 18.095 1.458 14.573 1.650 8.280 8,283 387 837 12.802 714 8.011 191.248 199,259 169,741 Global Generaiion Noles to the accounts for Ihe year ended 31 March 2023 Fundraisw (note 41 Charilable activities IrK)te 51 10.249 189.010 8.219 161.522 199,259 169.741 8 N¢t Incomeloxpgndlture) for th¢ y¢ar 2023 2022 Thls is stsled after ¢h•rylng'. Depreciaiion Inlkpendeni Examin*s remuneralb)n Au(l￿or.5 remuneration 1(X).501 93.423 1.650 2.300 9 Flxod assets ¢•mp•ll• equipment equlwent Slte* TOTAL Cos1 Al l April 2022 Additions In year Disposals in year 5.154 420,935 362,168 430.187 362.168 Al 31 March 20rJ 5.154 770,802 780.054 D8pre¢l8llon Al l April 2022 Charge lor the p8rioJ Disposals in year 5.154 251,268 1W,114 259.745 100.501 387 Al 31 March 2023 3.710 5.154 339,081 347.945 Net Book V•luo Al 31 March 20fJ 431,721 432,109 AI 31 M8Kh2022 169,667 170,442 10 Dobtors: amounis lalling ￿￿@￿thIn one ye 2022 Trade deOIO Prepaymenis and acuued irKom8 180,495 97,141 106.734 72.801 277,636 179.535 11 Crodltors: aM￿niS I￿ling du&*ilhin onè year 2￿22 Trade ¢￿￿110r$ Taxation, Stitsal security aThJ pènsK)n Dderred Income Accruals 79,394 11,873 89,452 24,163 56.994 9.398 213.794 37.505 214,882 217.691 Summary of movèmtnts In y￿r on dtftrred Ine¢)mÈ 23 2tr22 Baa[￿ at 1 Aw 2022 Released in year Deferred in year 213,794 1163.7941 39,452 96.366 196.3661 213.794 Balance at 91 Mar 2023 89A52 213,794 Defe￿ed income relate5 etrtirdy 10 9rants wthere Ihe chartly ha5 nDt yet conweled the activity utx)n *thich enlitlemenl to the income is conditional. This includes fSS( related to fuiure caFxlal on [￿IseS devdopmenl projects and 236k related to future S￿aries and prograrnme speTKI. 24 Global Generaiion Noles to the accounts for Ihe year ended 31 March 2023 12 Movements In fund$ Al 1 April Trnn$fers in I lout) A131 MDr¢h 2023 Restricted Funds= Amicabl& sa￿elY Barge,. Young Granlmakgrs rilish LandlPaw Gardpn Buikl Camden Coun¢illFthuip I Camden Coun¢illFthuip 2 Camden Coun¢illSomers T£&￿ Gaidvnei CharteThouse Soulhwark Cripplegat9 FOu[￿abo￿1Pargnl Su Cripplegat9 Fou[￿abo￿lF￿op ETnes1 co0￿0J¢￿¢V |earnirvJ ETnes1 co0￿￿>99￿ Inllugt Greenboard Kusuffla TTUSI QT5 Fur￿ l Kdthen social0r￿1 NewcLvnen C￿1￿￿ FLyJndabon Nonh SoutlKwark EnvI￿nMen1 Trust Somerslown Comfflunily A55LKialiortSTCA Soulh4Yark Coun¢iVCwnmw Purp Soulh4Yark Coun¢iVCSG Soulhwark Coun¢iVFood Securtty Soulhwark CounciVPosilive FulLYe The Ciry Bndlle Trusvcornfflunily m￿aller The Cloihworkers Foundati The National Heritage Lotteryl v0￿e5 01 the Water The London CommuThty FouDdDhoThQBE ClifflDie Fund The Nallonal LO￿ry c￿Mffi￿nhty Fu Awards IN AI Volunlaryand Community Sector 0￿10￿nI￿Ter Youw Camden Foundaiion HAF Fixed Asseis 2.7S) 12.7551 13.2741 3.138 166. 33.750 1166.5901 682 13.105 147.5371 116.0801 16.0681 15.7161 112.0841 110.9321 18.220 1.310 494 2.591 1.309 14.675 12.(KM) 13.8(M) 24.870 18. 25.(YY) 241 919 119.4971 118.9871 120.3211 18491 11.0021 12.2331 16.7371 117.0471 11.0041 15.3201 123.8041 130.1321 114.6051 5.373 87 3.496 8.175 2.751 2.425 6.713 17.rlxi 192 24 3.605 3.558 13.6321 320 1.054 22.750 31.118 33.toj 986 18.395 75.363 175.3021 61 16.667 5.550 9.102 10.tN)) 15.360 13.691 4.575 110.7851 18.0121 11W.5011 170.442 152.75S 209,413 432,109 Total r••trleted fun 781,382 1491.8311 42,440 518,030 Total uMe8trlelod I￿￿ts 640,6n 1466,2091 142,4401 534,714 TOTAL FUNDS 1,402.055 1958,0401 1,052,744 Th& Irusiees aFproved Irtnslers Irom unresiricted fu￿￿ 10 the restrwxed 10 cover any del￿11$ lètt on th& COMp￿d restricted projects as well as 10 cover Ihè deweciaiK)n ch*pes ol Ihè Tesiricied fixed asse￿. Global Generaiion Noles to the accounts for Ihe year ended 31 March 2023 12 Movements In fund$ ¢onllnued Al 1 April Trnn$fers in I lout) A131 MDr¢h 2022 Restricted Funds= Barge Camden ¢ouncillFthuie ￿￿¥hI￿jrhtyjd Camden Coun¢illSDMw3T(h￿Th GaId￿er Camden Giviry HS2 Camden GivinulPalhwwlo EMp￿￿nert CharteThouse SothtrNark Cripplegat9 Fou[￿abo￿lF￿op Ernest co0￿￿¢￿0￿ lgarniry Grwl ETnes1 Co0￿￿￿98￿ Monitor ol￿F00￿ Roo15 Incubaloi Granl Greenboard 129.410 18.7S) 1126.2721 16481 3.138 13.105 14.9971 18.4861 128.0291 27.742 287 13.5901 1.310 241 12.(KKI 13.8(M) 113.8321 120.9171 119.5991 32 12.871 19.596 916 1.076 19.&3B 15.3 Kum5uffla Trust iIwoT5 Fur￿lKitChen Sroal GraTrl Somerslown Big Local Somerstwon Big LocaV&g LLrAI ¢>qen Fur Soulh4Yark Coun¢iVCwnmw Purpwfy The National Heritage Lotteryl Volces of the Water The National Loiwry c￿ThUn￿y Fu Cliffjaie klion Fu The National Lottery thmunlty Fu Awards lor Al The Sswre Foundallon Youry Camden FOu￿81￿1￿HAF Fixed Aaa•ta 116.3421 3.496 1.600 12.420 112.4201 18.1391 113.3951 809 17.( 3.605 110.9901 2.476 57.084 159.7041 18961 18.7331 19.4311 193.4231 9.102 9.410 21 204,203 170.442 Total r••trlcted fur 109,106 1367,1301 78W34 206,039 Total uM••trlel•d t￿￿0 404,681 14rJ.6901 178,8341 402,690 TOTAL FUNDS 514.087 1Th).8201 608,729 Fund Deseylptlon and tMr*ler bèh¥een lund8: Arn￿￿e Socieiy Gr￿1 IN ￿rYC￿r￿a GHrdene￿ pwramme in Styjihwoth. 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