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← Global Generation

2024-03-31-accounts

Company Number: 5052045 Charity Number: 1106420

Global Generation

Annual Report and Financial statements

For the year ended 31 March 2024

Global Generation Reference and administrative details

Trustees and Directors Benaifer Bhandari (Chair)
Amir Miah (Treasurer)
Jane Jones
Georgina Hamill Street
Wen Yuh Quek
Simon Nicholas Lewis
Katherine Logan
Joseph Ball
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

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Trustees’ report for the year to 31 March 2024

Global Generation

Report of the Trustees ............................................................................................................................... 4-15 Auditor’s Report ....................................................................................................................................... 16-19 Statement of Financial Activities .................................................................................................................. 20 Balance Sheet ................................................................................................................................................. 21 Statement of Cashflows ................................................................................................................................. 22 Notes to the accounts .............................................................................................................................. 23-30

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Global Generation

Trustees’ report for the year to 31 March 2024

Message from the Chair

“Another year passes with global devastation and an opportunity for all of us with privilege, to take a long look at who we are, what we do, and how we do it.

Another year has passed for Global Generation, where we have continued to work in a heart-led way, responding to external and internal events in a quiet and thoughtful way, figuring out the best options for all, especially the organisation.

We have continued to flourish, and I believe this is because of two things. One, an incredibly focussed team, led by example by Nicole and Martina. Two, a robust governance system which has been maintained and provides the organisation with space to then be creative and meet needs as they shift.

Trustees and I are honoured to hold this strategic portfolio and can't wait to see what the next year holds for this beautiful charity.”

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 2024.

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 Simon Nicholas Lewis Kathrine Logan Joseph Ball (appointed 30 January 2024) Oluwaseun Ariyibi Ilenda (resigned 20 August 2024)

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.

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Global Generation

Trustees’ report for the year to 31 March 2024

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.

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 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

In February 2024 Global Generation turned 20!

For 20 years, Global Generation has been working with young people, spreading seeds of hope and change for the future. Many of those young people started with us quiet and shy - unsure and uncertain of what their future might bring. And yet, through the trusting relationships we build with them over time, we support them to unlock their potential to become positive forces for good, both in their own lives and in their communities. They leave us sure footed, confident, with an understanding of themselves and why their actions, big or small, matter. From our very first days of taking groups of young people camping outside of London, to the co-creation of over 50 green spaces, young people have been our guides and nature has been theirs.

During this period of April 2023 - March 2024, we have continued to take children, young people, families, local residents and business employees on a practical and reflective learning journey. Our work 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:

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Global Generation

Trustees’ report for the year to 31 March 2024

Teams of paid staff and volunteers have led the work at the Story Garden and Floating Garden in King’s Cross and surrounding areas, especially in Somers Town and Caledonian Ward, and the Paper Garden in Canada Water. The main teams are Youth and Community, Gardens, Build and Operational.

Our educational and youth work in the Story Garden

Guided by our Theory of Change and the interconnected fields of I, We and the Planet, we continue to grow our educational and youth programmes in the Story Garden. Here is a snapshot:

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Global Generation

Trustees’ report for the year to 31 March 2024

“Dear Story Garden, I thank you for the quiet, peaceful and at the same time bright, vibrant times. I thank you for being the space we come to weekly, to relax, to meet new people, to see friends. When coming here I feel safe and happy” - Lily, Generator.

“Nowhere else in our lives do we have opportunities like the ones you offer in the Story Garden. Giving us yesterday's experience was special and wonderful.” - Natalie, a visiting parent

“These sessions bring us mums together, it is such a welcoming place where we can talk about anything and learn from each other. We love the food and conversations and it's one of the highlights of our week” - Amina, Cooking and Crafts participant, July 2023

“A safe space to explore. Holding peppers in each hand as well as smaller aubergines. We are from different countries and cultures as we create our space together. Flowers, colours. An oasis of time.This is today’s blessing. To dance. Bliss.” - Sherry, Feel Good Friday Participant, June 2023.

“I cannot say enough. You helped me be happy and all the ladies who came as well! I really liked the commonality of making the bowl and towards the end of the event everyone was making and smoothing and forming the bowl together with their hands.” - Attendee, Refugee Week event

Gardening in the Story Garden

Our gardens are made of a thousand hands. Each effort is crucial to creating our gardens, which become home to a wide range of people and plants. From those that sow one seed to others who come back time and time again to sow many, the Story Garden has been shaped by these many hands, their laughter and stories, their ideas and energy, their cups of tea, time, skills and dedication to the garden. It is these stories told and the seeds planted and grown that provide nourishment and break through the hardest of barriers and surfaces. It is these stories and seeds that have grown the Story Garden.

"Greening is good for the mind and health. It is good for my energy. I have a nice time in the evening and it gives me energy." - Afruja, Community Grower, August 2023

"What I will take away from my time in the garden is peace, contentment, relaxation, skills, knowledge, inspiration" - Twilight Gardening participant, October 2023.

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Global Generation

Trustees’ report for the year to 31 March 2024

Our work in Somers Town

As our work in Somers Town continued through our collaboration with Camden Council’s Future Neighbourhoods, we engaged 500 households in 10 housing estates in Somers Town. Whilst the aim is to identify and develop greening and growing areas and help to upskill local residents in gardening and food growing, we are aware that what brings people together is the stories that they share - nourishing our souls and creating common ground between us all. Once these stories have been shared and the bonds made stronger, it becomes easier to plant the seeds in the concrete ground in and around Somers Town, which is becoming greener and transforming with new forms of life with every year that passes.

"I love the Saturday drop-in. We can chat and learn new gardening skills and meet friends. It's not about all the growing, it's about keeping active and spending time with our neighbours". - Amina, Somers Town resident.

Floating Garden in King’s Cross

This year we continued with our National Lottery Heritage Fund programme, Voices of the Water. We have invited the local community to reflect on water, through storytelling, performance, movement, art, cooking and other creative practices. We have taken inspiration from two local waterways - the hidden River Fleet and the man-made Regent’s Canal.

Through a variety of sessions, participants from local primary and secondary schools, community and youth groups and GP practices considered, uncovered, celebrated and shared their personal and cultural memories and experiences of water, mythological stories of water and the role of water in our climate changing world. We also explored how being around water can impact our health and wellbeing. In a snapshot:

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Global Generation

Trustees’ report for the year to 31 March 2024

where children showcased their puppets, and a samba band accompanied them to raise awareness about the role of water and sustainability linked to the UN goals

“Being a part of the Voices of the Water project has given me the power of knowledge, inspiration and time for reflection. I feel grateful to water for this.” - Nathan, Research Fellow.

“The Floating Garden was a space where primary school children could take a break from the bounds of the everyday classroom; where their minds were free to wonder, flowing like water. On the barge, the water surrounds them, submerged even deeper into the depths of their minds. ” - Lucy, Research Fellow, March 2024

“I had a very wonderful time at the Pavement Prowl and Weed Walk today. I believe this event can benefit many people. I loved hearing about Global Generation and the work that is being done, it was very inspirational.” - Story Walk participant, July 2023.

The ´Triangle’ in King’s Cross - building a permanent home

This year we signed the Agreement for Lease for a 999-year lease to create a permanent garden in King’s Cross, ensuring that this little pocket in the middle of the city is earmarked as a habitat area and educational space for generations to come. Though the build will not start until next year, we have already started engaging people in the following ways:

“It makes you feel human again, it’s really grounding”. - Co-build participant, September 2023.

“Global Generation Rocks! You touch our hearts across cultures and bring us together as one beating heart”. - Reflections from a participant.

Our educational and youth work in the Paper Garden in Canada Water

Our biggest achievement this year in Canada Water was finishing our classroom. Once the shed used to store reams of paper from the Daily Mail print works, it is now the largest circular economy build in London, showcasing cordwood building techniques alongside community engagement and co-creation. Numbers in a snapshot:

Programmes:

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Global Generation

Trustees’ report for the year to 31 March 2024

New programmes:

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Global Generation

Trustees’ report for the year to 31 March 2024

“Being in the Paper Garden is a very fun experience as I was open to new opportunities such as making new friends, meeting different people from different backgrounds and enjoying the environment” . - Rahema, Generator.

“Dear Wilderness Woods, thank you for inviting me to your forest. Your home is an amazing place. I have learned many things like building dams or going on night walks or just sitting by myself to decompress. Being in this area has made me relieved about things and made me realise why earth is so important to mankind and animals. What I am looking forward to is maybe come back and see the difference in the woods. Have a good time and grow as fast as you can! Thank you forest” - Muqty, 12

“I like being at the Paper Garden because it helps me come out of my comfort zone as I can be really shy sometimes” - Jordan, Redriff Primary School pupil.

“I feel calm here at Paper Garden, I don’t have to think about the stresses I usually have out there .” Child, Year 5, St John’s Primary School

“I have felt lots of joy coming to the garden. It gave [my child] and I a chance to spend more time outside, connect with nature and feel part of our neighbourhood. Living in a flat in an urban place like London it feels super precious.” - Maud, Community Grower

Gardening in the Paper Garden and beyond

This year’s highlights in the garden:

Co-creating of a new green space locally:

Organisational Development

This has been a big year with some important milestones for us such as the signing of the Agreement for Lease for a 999-year lease for the Triangle site at the end of 2023, Global Generation turning 20 at the beginning of 2024 and our fundraising targets doubling over the next year due to the build of the new garden. We have moved straight from finishing the Paper Garden classroom into gearing up for the build of the Triangle site, whilst still running all our programmes across our sites at the same level.

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Global Generation

Trustees’ report for the year to 31 March 2024

In order to support this, we recruited an Events and Communications Manager, which has been key in raising our profile, having a constant presence on social media, reaching new audiences and having more capacity to fundraise through events. We also recruited a Patron for the first time and would like to grow this in the future. Other changes in the staff team include our Head of Gardens leaving and recruiting a new Head of Gardens, Paper Garden Manager going on maternity leave, and recruiting a Community Chef at Paper Garden.

As part of our 20-year celebrations we have reached out to people, young and older, who have been part of the Global Generation story since the beginning to share their stories. We are pulling these together into a blog series. We are also running multiple events to celebrate our 20 years across our sites through supper clubs, funder events and community events. These have all served multiple purposes, from celebrating to raising our profile to raising funds.

During this period, we launched our new website, which is now much more up to date, more visual and easier to navigate. As a team we have continued to take part in trainings, particularly focusing on Diversity, Equity and Inclusion, Neurodiversity and Gender Diversity. We have also continued to develop our Trauma Informed Practice as an organisation and have been embedding the practice of Listening Circles as a way to communicate with each other in the team in an open and honest way.

Volunteers

The Charity always welcomes volunteers. Volunteers have enabled the delivery of various programmes at the Story Garden and Floating Garden in King’s Cross and Paper Garden in Canada Water by supporting the Youth and Community Team, Garden 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 Argent, British Land, our lawyers at Freeths and the contractors on the King’s Cross and Canada Water development for their ongoing support.

Future plans

As part of the conditions for signing the 999-year lease for the Triangle site, we produced a 10-year plan to show how we plan to run the garden and prove that we are a capable organisation. This included a 10-year financial forecast in which we are not planning on growing in size as an organisation but aiming to diversify our income more, including growing our training programme and consultancy to share our learnings as an organisation from the past 20 years.

Our plan includes the following:

  1. Have a strong team in place to deliver our vision for the garden:

  2. We are a female-led, interdisciplinary and diverse team (including across culture, race, class, gender identity, neurodivergence and including experts in education, community and youth work, architecture, gardening, crafts, art, fundraising and events).

  3. We have strong governance with a robust Board of Trustees with experience across different sectors and are involved in all decision making. Three of our Trustees have HR, recruitment and organisational change expertise.

  4. Our Joint Director leadership model offers more stability and continuation because the leadership and executive functions are shared. Our Joint Directors specialise in community and youth engagement, youth-led social action, community co-built and architecture and circular economy and construction. We also have a Senior Management team in place, which includes another 3 members of staff, who also have a strategic overview of our gardens, fundraising, evaluation and programmes.

  5. Construct a garden through a co-build and circular economy approach, showcasing traditional build techniques and the use of locally sourced natural materials (2024-2026):

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Global Generation

Trustees’ report for the year to 31 March 2024

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Global Generation

Trustees’ report for the year to 31 March 2024

Financial review

The year ending 31[st] March 2024 was one of consolidation - we completed the build of Big Jarrah at the Paper Garden in Canada Water and together with the Story Garden and the Floating Garden in King’s Cross were running programmes at three sites.

Income remained above £1m for the second successive year although at £1.15m it was down on last year’s £1.4m. The peak income figure from the previous year was largely down to one-off capital funding for Big Jarrah, whereas in the year under review income funding of our ongoing programme work increased.

Spend increased by 23% from £958k to £1.18m. The largest increase was to our staff costs which increased by £108k / 21% as our team grew from 23 to 30 in year. Programme running costs also increased by 24% due to the increase of activities in year discussed above, while support costs increased by £54k due in large part to repair and maintenance works in the Story and Floating Gardens.

Although the net effect of these changes was a small deficit for the year of £33k, this was split between a deficit of £86k on restricted funds as we spent down funding received in the previous year, and a small surplus on unrestricted funds of £53k which 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 £295k to £590k 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 £535k to £588k and were equivalent to 6 months expenditure at the end of the period. This is at the top end of the charity’s target range, which the trustees believe is required given the coming build of and move to our first permanent premises at the Triangle site discussed under future plans above and the consequent increased spend for the financial year 2024-25.

Statement Of Trustees Responsibilities

The Trustees are aware that Company law requires Trustees to prepare financial statements to:

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.

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Global Generation

Trustees’ report for the year to 31 March 2024

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 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.

12/10/2024

by

Amir Miah (Dec 10, 2024 12:25 GMT) Amir Miah Treasurer

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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 2024 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:

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 authorized 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.

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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

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement [set out on page 14], 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

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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:

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:

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Global Generation

Independent auditors' report to the Trustees of the Global Generation

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) for and on behalf of Hamilton Coopers Statutory Auditors

66 Earl Street Maidstone Kent ME14 1PS Chartered Accountants and

Date

………………… 12/11/2024

Hamilton Coopers is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

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Global Generation Statement of Financial Activities (incorporating the Income and Expenditure Account) for the year to 31 March 2024

Note
Income
Donations
2
Grants
3
Income from trading operations
Other income
Total income
Expenditure
Fundraising
4
Charitable activities:
5
Total expenditure
Net income / (expenditure) before transfers
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
2024
£
124,865
142,924
412,508
3,035
683,332
39,332
542,862
582,194
101,138
(48,402)
52,736
534,714
587,450		 Restricted
Funds
2024
£
-
463,400
-
-
463,400
-
597,925
597,925
(134,525)
48,402
(86,123)
518,030
431,907		 Total
Funds
2024
£
124,865
606,324
412,508
3,035
1,146,732
39,332
1,140,787
1,180,119
(33,387)
-
(33,387)
1,052,744
1,019,357		 Total
Funds
2023
£
270,038
611,751
519,197
1,069
1,402,055
34,946
923,094
958,040
444,015
-
444,015
608,729
1,052,744

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Global Generation Balance Sheet as at 31 March 2024

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		 2024
£
374,580
302,920
600,452
903,372
(258,595)
644,777
1,019,357
431,907
587,450
1,019,357		 2023
£
432,109
277,636
557,881
835,517
(214,882)
620,635
1,052,744
518,030
534,714
1,052,744

The Trustees acknowledge their responsibilities for:

(i) ensuring that the company keeps proper accounting records which comply with section 386 of the Act, and

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 23 to 30 form part of these financial statements.

12/10/2024

Approved by the Board and signed on their behalf on ____ by

Amir Miah (Dec 10, 2024 12:25 GMT)

Amir Miah Treasurer

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Global Generation Statement of Cashflows for the year ended 31 March 2024

Reconciliation of net movement in funds to net cash flow from operating activities

Net movement in funds
Add back depreciation
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Cash (used in) / provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Decrease in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Total cash and cash equivalents at the end of the year		 2024
£
(33,387)
108,057
(25,284)
43,713
93,099
-
(50,528)
42,571
557,881
600,452		 2023
£
444,015
100,501
(98,101)
(102,809)
343,606
-
(362,168)
(18,562)
576,443
557,881

22

Global Generation Notes to the accounts for the year ended 31 March 2024

1 Principal accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below.

(a) Basis of accounting

These financial statements have been prepared under the historical cost convention in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ effective January 2019 (the Charities SORP (FRS 102)), UK accounting standards, including 'Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland' (FRS 102) and the Companies Act 2006.

(b) Fund accounting

(i) Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

(ii) Restricted funds are subject to specific conditions imposed by the donor as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

Transfers between funds are made to cover deficits on individual restricted funds and to recognise fixed assets, including those acquired with restricted income, separately within restricted funds.

(c) Income

All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.

(ii) Grants receivable are recognised when the charity becomes unconditionally entitled to the grant.

(iii) Donated professional services and donated facilities are recognised as income when the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably; a corresponding amount is then recognised in expenditure in the same period.

(iv) The value of services provided by volunteers has not been included in these accounts.

(v) Income from charitable activities is accounted for when earned. If received in advance, fees from courses and projects are deferred until the relevant activity has taken place

(vi) Investment income is included when receivable.

(d) Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred, and includes any VAT which cannot be fully recovered.

(iv) Support costs are those costs incurred by the company in support of its main charitable activities and projects. Where costs cannot be directly attributed, they have been allocated to activities on a basis consistent with the use of resources. (v) The value of services provided by volunteers has not been included in these accounts.

(e) Tangible fixed assets and depreciation

Tangible fixed assets costing over £500 (including any incidental expenses of acquisition) are capitalized. Depreciation is provided at rates calculated to write off the cost on a straight line basis over their expected useful economic life. The rate of depreciation is generally 33,33 % per annum for all assets. Exemptions from this rule are the Barge and the new Paper Garden which are depreciated over 6 and 5 years respectively.

2 Donations

Donated Premises
Donated pro bono Services
Other donations		 2024
£
86,000
-
38,865
124,865		 2023
£
86,000
152,755
31,283
270,038

During the year the charity received in-kind support recognised in these accounts for rent-free premises for the Story Garden in King's Cross valued at £40,000, and the Paper Garden in Canada Water valued at £46,000.

23

Global Generation Notes to the accounts for the year ended 31 March 2024

3 Grants

Grants from Government Bodies
Camden Council
Future Neighbourhoods Fund
Camden Council
Somers Town Global Generation Gardener
Camden Council
Other (VCS Small Grants/Kickstarter Grant)
Islington Council
Volunary&Community Sector Team
Islington Council
Mayor's Fund
Kitchen Social
Southwark Council
Common Purpose Grant
Southwark Council
Positive Future for Young People Fund
Southwark Council
CGS (Greening and Growing)
Southwark Council
Public Health Division / Food Security
Southwark Council
Empowering Communities Programme
Other Grants
Heritage Lottery Fund
Voices of the Water
Phoenix Court Works
Various Core Grants
The National Lottery Community Fund
Reaching Communities
The National Lottery Community Fund
Awards for All
The City Bridge Trust
Story Garden Manager
Groundwork London
Grow Back Greener
Groundwork London
Growing Greener Together
Childhood Trust
Matchfunding Big Give
Paul Hamlyn
Neighbourhood Fund
Cripplegate / Islington Giving
Friday night out youth project
Cripplegate Foundation
Support for Parents
GreenBoard
Community Maker
M & C Freeman Charitalbe Trust
Youth Summer Camps
Francis Crick
Story Garden Manager
King's College London/Cooking in the Gard Young Grantmakers
Charterhouse
HS2 Camden
Young Camden Foundation
Summer Programme Activities
Ernest Cook
Green Influencer/Monitor
Ernest Cook
Outdoor Learning Grant
The Clothworkers Foundation
Building a Community Wood Work Workshop
Kusuma Trust
Growing together, learning together grant
The Swire Foundation
Core support
The London Community Foundation
QBE Climate Fund
Other Grants < £3,000
Various Grants
undraising
Staff costs
Support costs
haritable activities
Staff costs
Freelance project staff
Volunteers expenses
Project materials
Other direct project costs
Support costs
Other (Local Initiatives Fund/Community
Engagement and Wellbeing Directorate)		 2024
£
55,997
15,095
949
15,000
450
2,000
18,020
22,750
-
-
3,500
133,761
128,147
90,600
55,367
-
41,985
28,168
4,575
20,000
20,000
15,000
14,675
13,923
5,000
4,958
4,950
4,900
3,860
2,780
-
-
-
-
-
13,675
472,563
606,324
2024
£
27,438
11,894
39,332
2024
£
558,070
130,701
389
89,449
120,259
241,919
1,140,787		 2023
£
68,050
6,060
120
15,360
-
2,250
17,000
22,750
4,636
5,000
-
141,226
75,363
101,000
-
10,000
31,118
-
-
20,000
20,000
12,000
14,675
18,900
4,345
-
-
-
8,000
24,870
13,800
33,000
25,000
24,000
16,667
17,787
470,525
611,751
2023
£
24,697
10,249
34,946
2023
£
455,473
83,958
275
85,918
108,460
189,010
923,094

4 Fundraising

5 Charitable activities

24

Global Generation Notes to the accounts for the year ended 31 March 2024

6 Staff costs

aff costs
Gross salaries
Redundancy Payment
Employer's national insurance
Pension
e average number of full time employees during the year was		 2024
£
571,017
5,600
42,849
15,168
634,634
18		 2023
£
477,273
-
36,458
12,739
526,470
15

The average number of full time employees during the year was

No member of staff received emoluments of more than £60,000 during the year (2023: none).

The key management personnel of the charity comprise the trustees and the two Joint Executive Directors. The total employee benefits of the key management personnel of the Trust were £97,027 (2023: £82,327).

None of the charity's trustees received any remuneration for their services as trustees during the year. One Trustee was reimbursed £41 travel expenses incurred in performing her duty as a trustee (2023: 1 trustee, £133).

A redundancy settlement of £5,600 was paid to the leaving Head of Garden.

The charity operates an auto-enrolment pension scheme with The Peoples Pension. All staff are eligible once they have passed their probation period, and the charity pays a 4% employer's contribution. Pension costs stated in note 6 and charged in the statement of Financial Activities represent the total contributions payable by the charity in the year.

Staff costs have been analysed as:
Direct charitable expenditure
Fundraising
Governance
Support		 2024
£
558,070
27,438
3,262
45,864
634,634		 2023
£
455,473
24,697
2,951
43,349
526,470

7 Support costs

pport costs
Staff costs
Travel and subsistence
Premises
Finance & administration
Legal & professional
Insurance
Depreciation
Training & recruitment
Marketing
Office
Audit Fee
Other		 3,262
-
-
2,760
-
-
-
-
-
-
2,300
-
8,322
Governance
function
£		 General
support
£
45,864
1,470
134,382
8,280
9,663
7,839
1,226
10,039
6,018
19,810
-
900
245,491		 Total
2024
£
49,126
1,470
134,382
11,040
9,663
7,839
1,226
10,039
6,018
19,810
2,300
900
253,813		 Total
2023
£
46,300
2,365
99,111
11,040
8,283
6,738
387
8,382
837
12,802
2,300
714
199,259

Support costs, as detailed above, relate to the staff and running costs of the Trust's London secretariat and are allocated on a basis consistent with the use of resources as follows;

Fundraising (note 4)
Charitable activities (note 5)		 11,894
241,919
253,813		 10,249
189,010
199,259

25

Global Generation Notes to the accounts for the year ended 31 March 2024

8 Net income (expenditure) for the year

This is stated after charging:
Depreciation
Auditor's remuneration
9
Fixed assets
Cost
At 1 April 2023
Additions in year
Disposals in year
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the period
Disposals in year
At 31 March 2024
Net Book Value
At 31 March 2024
At 31 March 2023
10 Debtors:amounts falling due within one year
Trade debtors
Prepayments and accrued income
11 Creditors:amounts falling due within one year
Trade creditors
Taxation, Social security and pension
Deferred Income
Accruals
Summary of movements in year on deferred income
Balance at 1 Apr 2023
Released in year
Deferred in year
Balance at 31 Mar 2024		 Office
Equipment
£
4,098
2,516
-
6,614
3,710
1,227
-
4,937
1,677
388		 Campsite
Equipment
£
5,154
-
-
5,154
5,154
-
-
5,154
-
-		 2024
£
108,057
2,300
Sites
£
770,802
48,012
818,814
339,081
106,830
-
445,911
372,903
431,721
2024
£
226,536
76,384
302,920
2024
£
59,811
9,256
186,489
3,039
258,595
2024
£
89,452
(39,452)
136,489
186,489		 2023
£
100,501
2,300
TOTAL
£
780,054
50,528
-
830,582
347,945
108,057
-
456,002
374,580
432,109
2023
£
180,495
97,141
277,636
2023
£
79,394
11,873
89,452
34,163
214,882
2023
£
213,794
(163,794)
39,452
89,452

Deferred income relates entirely to grants where the charity has not yet completed the activity upon which entitlement to the income is conditional. This includes £155k related to future capital spend on premises development projects and £31k related to future salaries and programme spend.

26

Global Generation

Notes to the accounts for the year ended 31 March 2024

12 Movements in funds

Restricted Funds:
Camden Council/Future Neighbourhood
Fixed Assets
Total restricted funds
Total unrestricted funds
TOTAL FUNDS
Team London Bridge
The City Bridge Trust/Community Manager
The Clothworkers Foundation
Kusuma Trust
Majors Fund / Kitchen Social Grant
North Southwark Environment Trust
Southwark Council/Common Purpose
Ernest Cook/Green Influencer
Francis Crick / Community Chest
Greenboard
Groundwork / Growing Together (Our Space)
Groundwork / GBG Floating Garden
Camden Council/Somers Town Gardener
Charterhouse Southwark
Cripplegate Foundation/Parent Support
Cripplegate Foundation/FNOP
The National Lottery Community Fund /
Reaching Communities
Voluntary and Community Sector
Development Team/Islington VCS
Rotherhithe Consolidated Charities
The National Heritage Lottery/
Voices of the Water
The London Community Foundation/QBE
Climate Fund
The National Lottery Community Fund/
Awards for All
Young Camden Foundation / HAF
King's College London /
CME Community Health Fund
Southwark Council / Neighbourhood Fund /
Empowering Communities
Southwark Council / Positive Future		 At 1 April
2023
£
18,220
-
494
2,591
1,309
5,373
-
-
-
-
-
8,175
2,751
192
-
3,558
-
-
-
986
18,395
61
5,550
13,691
-
4,575
-
432,109
518,030
534,714
1,052,744		 Income
£
55,997
15,095
4,900
14,675
15,000
2,780
4,958
13,923
4,575
28,168
4,950
-
2,000
1,800
2,550
18,020
3,500
22,750
2,950
41,985
-
128,147
-
-
55,367
15,450
3,860
463,400
683,332
1,146,732		 £
(70,869)
(15,134)
(5,395)
(17,321)
(11,689)
(4,698)
(2,431)
(12,341)
(4,619)
(27,490)
(4,982)
(8,183)
(1,687)
(2,001)
(962)
(21,578)
(3,505)
(22,795)
(2,950)
(42,837)
(18,395)
(126,708)
(5,590)
(13,701)
(24,652)
(13,394)
(3,961)
(108,057)
(597,925)
(582,194)
(1,180,119)
Expenditure		 Transfers
in / (out)
£
(337)
39
1
55
-
-
-
-
44
(678)
32
8
-
9
-
-
5
45
-
-
-
(1,500)
40
10
-
-
101
50,528
48,402
(48,402)
-		 At 31 March
2024
£
3,011
-
-
-
4,620
3,455
2,527
1,582
-
-
-
-
3,064
-
1,588
-
-
-
-
134
-
-
-
-
30,715
6,631
-
374,580
431,907
587,450
1,019,357

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 future depreciation charges of the fixed assets purchased in year.

27

Global Generation Notes to the accounts for the year ended 31 March 2024

12 Movements in funds continued

Restricted Funds:
Amicable Society
Barge / Young Grantmakers
British Land/Paper Garden Build
Camden Council/Future Neighbourhood 1
Camden Council/Future Neighbourhood 2
Camden Council/Somers Town Gardener
Charterhouse Southwark
Cripplegate Foundation/Parent Support
Cripplegate Foundation/FNOP
Ernest Cook/Outdoor learning
Ernest Cook/Green Influencer
Greenboard
Kusuma Trust
Majors Fund / Kitchen Social Grant
Newcomen Collett Foundation
North Southwark Environment Trust
Somerstown Community Association/STCA
Southwark Council/Common Purpose
Southwark Council/CSG
Southwark Council/Food Security
Southwark Council/Positive Future
The City Bridge Trust/Community Manager
The Clothworkers Foundation
Fixed Assets
Total restricted funds
Total unrestricted funds
TOTAL FUNDS
Voluntary and Community Sector
Development Team/Islington VCS
Young Camden Foundation HAF
The National Heritage Lottery/
Voices of the Water
The London Community Foundation/QBE
Climate Fund
The National Lottery Community Fund/
Awards for All		 At 1 April
2022
£
-
3,138
-
13,105
1,310
-
241
-
-
-
3,496
1,600
-
-
-
3,605
-
-
-
-
-
-
-
9,102
-
-
170,442
206,039
402,690
608,729		 Income
£
2,750
-
166,590
33,750
34,300
6,060
4,900
14,675
12,000
13,800
24,870
18,900
25,000
2,000
1,000
2,425
6,713
17,000
4,636
5,000
22,750
31,118
33,000
75,363
16,667
10,000
15,360
8,000
152,755
761,382
640,673
1,402,055		 £
(2,755)
(3,274)
-
(47,537)
(16,080)
(6,068)
(5,716)
(12,084)
(10,932)
(14,719)
(19,497)
(18,987)
(20,321)
(849)
(1,002)
(2,233)
(6,737)
(17,047)
(1,004)
(5,320)
(23,804)
(30,132)
(14,605)
(75,302)
(11,117)
(5,411)
(10,785)
(8,012)
(100,501)
(491,831)
(466,209)
(958,040)
Expenditure		 Transfers
in / (out)
£
5
136
(166,590)
682
-
8
-
-
-
919
-
87
-
-
2
-
24
-
(3,632)
320
1,054
-
-
-
-
-
-
12
209,413
42,440
(42,440)
-		 At 31 March
2023
£
-
-
-
-
18,220
494
2,591
1,309
-
5,373
-
8,175
2,751
-
192
-
3,558
-
-
-
986
18,395
61
5,550
13,691
4,575
-
432,109
518,030
534,714
1,052,744

Fund Description and transfer between funds:

Camden Council/Future Neighbourhood Phase 2

Camden Council/Somerstown Gardener

Charterhouse Southwark

To support resident-led greening and engagement on estates and in the local area of Somers Town.

To support resident-led greening and food growing projects around Somers Town, especially focusing on housing estates.�

Youth social and environmental action programmes in Southwark.

Cripplegate Foundation/FNOP

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

Cripplegate Foundation/Support for Pareents

Weekly workshops for isolated parents living in Islington to come to the Story Garden to connect with each other and the garden through cooking and crafts.

Ernest Cook/Green Influencers Francis Crick / Community Chest

Youth Social Action Projects in Kings Cross and Southwark.

Extra freelancer support for After school club, art therapy sessions and materials.

28

Global Generation Notes to the accounts for the year ended 31 March 2024

Greenboard Community co-design and build of the Story Garden including the whole community across
ages, backgrounds, abilities and sectors.
Groundwork / Our Space Improvements to the Paper Garden and workshops with children and community members.
Groundwork / GBG Floating Garden Workshops with local schools and community members exploring biodiversity around the
canal and the installation of the Floating Island to improve biodiversity.
King's College London / CMW Community Health Saturday cooking sessions at the Paper Garden exploring food growing and healthy eating,
Fund targetted to families accessing food pantrys.
Islington VCS Intergenerational growing and cooking programme in Islington, particularly focusing on the
Caledonian Ward.
Kumsuma Trust Grant towards the cost of the Education and Community Gardener to harvest produce weekly
and deliver it to the local food bank and to facilitate nature and nurture sessions at Regent
High School. The grant also contributes to the Story Garden Manager’s time for garden
maintenance and the Garden Assistant’s time for supporting the weekly harvest.
Mayor's Fund/Kitchen Social Providing meals for children during the holidays to help alleviate holiday hunger.
North Southwark Environment Trust A grant for young people in Southwark to experience Global Generation’s yearly camp to
experience nature and the wilderness outside of London.
Rotherhithe Consolidated Charities Under 5's at the Paper Garden.
Somerstown Community Association / STCA To support our outreach and volunteering work with local residents in Somers Town.
Southwark Council/Common Purpose Youth social and environmental programmes.
Southwark Council / Empowering Family Cooking sessions at the Paper Garden on Saturdays.
Communities
Southwark Council / Positive Future for Young Co-creating the Paper Garden through a weekly Youth Social and Environmental Action
People programme; carpentry and gardening workshops with local refugee young people and those
with SEN; and summer programmes for local young people.
Team London Bridge Workshops for Young Gardeners programme and materials for the Paper Garden.
The National Heritage Lottery/ Co-creation of the Floating Garden with local people and the facilitation of workshops with
Voices of the Water schools, community groups and young people to explore water within the urban landscape of
Kings Cross, and the cultural memories of water stories and practices shared by people living
in the area.
The City Bridge Trust / Community Manager Grant to support the Community Manager and Story Garden Manager roles in Somers Town,
The London Community Foundation / QBE Climate Youth social and environmental action programmes in Kings Cross.
Fund
The National Lottery Community Twilight gardening with local residents and community beds programme for local residents to
Fund/Awards for All learn how to grow food.
The National Lottery Community Providing support for the Story Garden's legacy in Somers Town and the community co-
Reaching Communities creation of the Triangle site.
The Clothworkers Foundation Building of a woodwork shed in the Paper Garden.
Young Camden Foundation/HAF Summer holiday activities for children and young people, including providing a meal to
alleviate holiday hunger.
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.

29

Global Generation Notes to the accounts for the year ended 31 March 2024

Transfers between funds break down into 2 separate categories:

Where funding is received for capital expenditure, upon completion of the spend the money is transferred to the Fixed Asset fund to cover the future depreciation of the asset. In FY 2023-24 this includes the transfers under The National Heritage Lottery/Voices of the Water (£1,500), Camden Council/Future Neighbourhoos (£337) and Groudwork / GBG Floating Garden (£678).

All other transfers relate to revenue expenditure. For this category, on completion of projects funded by restricted income, where that income is insufficient to fully cover the costs of the project the overspend is transferred from unrestricted funds to leave a nil balance on the project. During the year, £389 was transferred from the unrestricted funds to restricted funds (2023: £3,249).

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 2024		 £
-
846,045
(258,595)
587,450
Unrestricted
funds		 Restricted
funds
£
374,580
57,327
-
431,907		 Total
funds
£
374,580
903,372
(258,595)
1,019,357

14 Related parties

None in current year (2023: nil).

15 Capital and Legal Status

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.

30