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← Global Generation

2025-03-31-accounts

Company Number: 5052045 Charity Number: 1106420

Global Generation

Annual Report and Financial statements

For the year ended 31 March 2025

Global Generation

Reference and administrative details

Trustees and Directors Amir Miah (Chair)
Benaifer Bhandari
Georgina Hamill Street
Wen Yuh Quek
Simon Nicholas Lewis
Katherine Logan
Joseph Ball
Lola Kneller
Ambika Mistry
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 Story Garden
Ossulston Street
London, NW1 1DF
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
Solicitors Freeths LLP
Cumberland Court
80 Mount Street
Nottingham, NG1 6HH

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Global Generation

Report of the Trustees Report of the Trustees 4-9
10-13
Statement of Financial Activities 14
Balance Sheet 15
Statement of Cashflows 16
Notes to the accounts 17-25

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Global Generation

Message from the Chair

Another year has passed for Global Generation, one defined by both challenge and progress. Our incredible and diverse group of trustees has come together with shared purpose and deep The management team and staff have done an outstanding job navigating change with resilience and heart.

excitement. This new home will provide a lasting space for young people to connect with nature and take part in meaningful, nature-based projects and programmes.

It is a privilege to serve alongside such a dedicated team and community. Together, we look

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 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the (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: Story Garden, Ossulston Street, London, NW1 1DF.

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:

Amir Miah Benaifer Bhandari Wen Yuh Quek Georgina Hamill Street Simon Nicholas Lewis Kathrine Logan Joseph Ball Lola Kneller (appointed 4[th] March 2025) Ambika Mistry (appointed 4[th] March 2025) Oluwaseun Ariyibi Ilenda (resigned 20 August 2024) Jane Jones (resigned 6[th] May 2025)

All trustees served for the full year unless otherwise indicated above.

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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.

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.

Aims

The aims of the charity as expressed in the Memorandum of Association are

We achieve these aims through: Our Guiding Framework - I, We and the Planet

I - people gain a deeper understanding and care of themselves, each other, their communities and the planet. They develop practical skills, increase confidence and become empowered to reach their full potential

We - people connect to each other and the natural world, creating stronger communities that are connected and able to tackle the root causes of social, racial and environmental injustice

Planet - people take social and environmental action. Community led biodiverse spaces are created that rethink built environments, unite people and nature and are examples of best practice in co-creation

This guiding framework is present in all the work we do and gives us the opportunity to support our participants, young and old, to develop an understanding of the world through relationships and interconnectedness - emphasising the importance of connections, not just between people, but also with the land, nature, and our ancestors.

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Global Generation

Where we work

Our work is carried out in London from our 3 home gardens: Story Garden and Floating Garden in King’s Cross and Paper Garden in Canada Water, as well as surrounding areas, and through residentials at Quadrangle Trust in Kent and Wilderness Wood in Sussex.

With each green space, we support young people, connect communities and help to create a thriving planet. Our gardens serve as green oases in the middle of the city and as platforms for bringing the local communities together over food growing, communal meals, shared stories and creative and hands-on activities.

The hands-on activities in our gardens are complemented by values-based practices. Through exercises like free fall writing in journals, through sitting still and meditation, and listening circles, we create space to reflect to help us make sense of our experiences and find common ground with others.

Impact Highlights from across the organisation:

The Generator Programme,

our Flagship Youth Leadership Programme to grow environmental, creative and connected young people for a just world

We run our Flagship Youth Leadership Programme with young people aged 10-18 each year from the Paper Garden, the Floating Garden and the Story Garden,. This programme is a journey of exploration and celebration of different ecological communities to improve wellbeing, increase connections between people and different communities, inspire creativity and become responsible leaders and stewards of the Earth. This year we engaged:

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Our focus this year has been:

Our legacy in Somers Town

Since coming to the Story Garden 6 years ago, we have supported local residents in 10 estates, creating 7 new green spaces for food growing and improving biodiversity in the area. This year, with the Story Garden moving, we focused on working with local residents to develop their skills through our Green Mentors - local people with an interest in community gardening - and setting up a regular gardening group in Somers Town.

We also ran 13 special events to engage more local residents in community-led greening and nature connection. Many of these special events were in partnership with local organisations such ged from Bangladeshi have supported the Somers Town community to connect with each other and explore nature and the world around them through different creative practices.

Celebrating the Floating Garden and Voices of the Water

This year the Floating Garden saw 350 children and young people engaged in workshops and programmes taking place on the Floating Garden. 100 local residents and employees coming to volunteering workshops or other activities, and 500 families, children and young people coming to one off events, exhibitions and community days. Our weekly Generator programme for young people aged 14-17 was based on the Floating Garden every Wednesday evening throughout the year. Being in a space in the middle of Kings Cross has inspired the Generators to think about nature and sustainability in the built environment.

In June 2024, we celebrated the Summer Solstice with a final exhibition of the work created throughout the Voices of the Water programme and a performance of our young people in partnership with Chickenshed. We saw almost 200 people come to visit us for this final exhibition. For the second year running, the Floating Garden also joined the dream fleet for the 2024 edition of Canal Dream Art Festival which took place across 9th-16th August. Taking the flow of water as its inspiration, the festival invited audiences to drift between dance, music, poetry and art for a summertime celebration of creativity and community.

The Floating Garden won the best Social Impact Initiative at the Property Awards 2024, in collaboration with Kings Cross Central Partnership!

Finding Inspiration from Big Jarrah at the Paper Garden

At the Paper Garden, we worked with 800 children and young people through our education and youth programmes, and welcomed 300 families, children and young people to our celebration events. We reached 2200 families, children and young people in total through our work in the garden, in local primary schools and in the local area.

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The theme for the youth and education programmes this year at the Paper Garden was waste - inspired by all of the recycled materials that were used to create Big Jarrah - our new classroom and kitchen space.

The project took an arts-focussed approach, centered around a procession and sculpture made from compostable materials including home-made natural pigments. This year, we worked more closely with smaller groups of children, with recurring groups from three different schools. This allowed us to build a relationship with the groups, creating an environment to delve deeper into the subject. The schools selected children based on a criteria of their need for additional educational support, pastoral support and access to green space.

This model of working with returning groups meant that we observed individual development of interpersonal skills, confidence and belonging within the cohort and within the Paper Garden space. With the support of their peers, a number of children previously unable to read in front of our facilitators, gained the confidence to read their work in front of an audience of over one hundred people at our December celebration.

Future Focus and Priorities

Our focus for the coming year will be:

Financial review

The year ending 31[st] March 2025 was dominated by continued fundraising and the start of the build of our new permanent home at the Triangle Site. Together with the Story Garden and the Floating , the Paper Garden in Canada Water we were running programmes at four sites in the year under review.

Income nearly reached the £2m mark at £1.91m in year (£1.15m in 2024) with the peak in income figure largely being down to one-off funding of £906k for the Triangle site build.

Spend increased only by 6% in total from £1.18m to £1.25m. The largest increase was to our employed staff cost which increased by £99k / 16% following the increase of our team from an average 30 to 37 staff in year by simultaneously decreasing freelance staff cost by £19k / 15%. With the focus on the biggest build in our history, we ran fewer programmes than in previous years, thus project running costs decreased by £31k. Support costs increased only by £18k (7%) due in large part to repair and maintenance works in the Story and Paper Gardens and the Barge.

The net effect of these changes was a big surplus for the year of £660k, with a small deficit in unrestricted funds of £8k and a surplus of £667k in restricted funds. Most of the surplus on restricted funds relates to sites including funds carried forward at year end to fund the build in 2025/6 and the transfer into the fixed asset fund of £341k already spent in 2024/5. In this way the capitalised cost of the building work to date is set aside in the Fixed Asset Fund and the depreciation of the site over the next 50 years will be charged to that fund.

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The trustees are pleased with this result especially given the potential for such a large build t strain our finances, and believe the charity is in a reasonably strong financial position for the challenges ahead.

Reserves

£312k to £624k 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, decreased during the period marginally from £587k to £580k and were equivalent to 5.60 months expenditure at the end of the period. This is at

required given the continuing 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 2025-26.

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.

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 or she ought to have taken as a trustee in order to make himself or herself aware of any relevant

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.

This report was approved by the Board of Trustees and signed on its behalf on _______ 17/11/25 by

Amir Miah (Nov 17, 2025 18:10:30 GMT) Amir Miah Chair

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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 section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our 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 es 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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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 Charites Act requirements. We considered the extent to which non-compliance might have a material effect on the financial

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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

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.

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.

Hamilton Coopers Chartered Accountants and Statutory Auditors

66 Earl Street Maidstone Kent ME14 1PS Chartered Accountants and

Date

20/11/25

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

13

Global Generation Statement of Financial Activities (incorporating the Income and Expenditure Account) for the year to 31 March 2025

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
2025
£
140,306
209,325
392,449
6,429
748,509
45,108
618,715
663,823
84,686
(92,229)
(7,543)
587,450
579,907		 Restricted
Funds
2025
£
152,560
937,683
67,879
-
1,158,122
-
583,147
583,147
574,975
92,229
667,204
431,907
1,099,111		 Total
Funds
2025
£
292,866
1,147,008
460,328
6,429
1,906,631
45,108
1,201,862
1,246,970
659,661
-
659,661
1,019,357
1,679,018		 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

14

Global Generation Balance Sheet as at 31 March 2025

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		 2025
£
763,340
138,474
926,923
1,065,397
(149,719)
915,678
1,679,018
1,099,111
579,907
1,679,018		 2024
£
374,580
302,920
600,452
903,372
(258,595)
644,777
1,019,357
431,907
587,450
1,019,357

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 17 to 24 form part of these financial statements.

Approved by the Board and signed on their behalf on ____ by 17/11/25

Amir Miah (Nov 17, 2025 18:10:30 GMT)

Amir Miah Chair

15

Global Generation Statement of Cashflows for the year ended 31 March 2025

Reconciliation of net movement in funds to net cash flow from operating activities
2025
£
Net movement in funds
659,661
Add back depreciation
115,683
Decrease / (increase) in debtors
164,446
Increase / (decrease) in creditors
(108,876)
Cash (used in) / provided by operating activities
830,914
Cash flows from investing activities
-
Purchase of tangible fixed assets
(504,443)
Decrease in cash and cash equivalents in the year
326,471
Cash and cash equivalents at the beginning of the year
600,452
Total cash and cash equivalents at the end of the year
926,923		 2024
£
(33,387)
108,057
(25,284)
43,713
93,099
-
(50,528)
42,571
557,881
600,452

16

Global Generation Notes to the accounts for the year ended 31 March 2025

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

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.

(i) Income received by way of grants, donations and gifts is included in full in the Statement of Financial Activities when receivable.

(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.

(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.

(vii) Income received in advance is deferred until the criteria for income recognition are met.

(d) Expenditure

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

(i) Cost of generating funds incorporates the salaries, direct expenditure and overhead costs of the staff who undertake fundraising work.

(ii) Charitable expenditure comprises those costs incurred on projects undertaken in pursuance of the charitable aims of the company.

(iii) Governance costs are those costs incurred in the management of the charity's assets, organisation and compliance functions.

(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.

(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. Exeptions to this rule are the various sites: Barge 6 years, Paper Garden 5 years and the Triangle Site with 50 years.

17

Global Generation Notes to the accounts for the year ended 31 March 2025

2 Donations

Donated Premises
Donated pro bono Services
Other donations		 2025
£
86,000
152,030
54,836
292,866		 2024
£
86,000
-
38,865
124,865

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 £40k, and the Paper Garden in Canada Water valued at £46k. Donated pro bono services are £152k for the Triangle site build including £5k Architekt services. Other donations include various Corporate and Individual donations including a £5k coaching course.

3 Grants

Grants from Government Bodies
Camden Council
Future Neighbourhoods Funds
Camden Council
Somers Town Global Generation Gardener
Camden Council
Other (VCS Small Grants/Kickstarter Grant)
Islington Council
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
Empowering Communities Programme
Other Grants
Charterhouse
HS2 Camden
Childhood Trust
Matchfunding Big Give
Cripplegate / Islington Giving
Friday night out youth project
Cripplegate Foundation
Support for Parents
Ernest Cook
Green Influencer/Monitor
Francis Crick
Story Garden Manager
Garfield Weston
Triangle Site build
GreenBoard
Community Maker
Groundwork London
Grow Back Greener
Groundwork London
Growing Greener Together
Heritage Lottery Fund
Construction & Craft
Heritage Lottery Fund
Voices of the Water
King's College London
Young Grantmakers
Kusuma Trust
Triangle Site build
Iris and David Freeman Trust
Triangle Site build
M & C Freeman Charitable Trust
Core Grant / Youth Summer Camps
Paul Hamlyn
Neighbourhood Fund
Peter Stebbings Memorial Charity
Creative Food Workshops
Phoenix Court Works
Core Grants
The City Bridge Trust
Story Garden/Community Manager
The D'Oyly Carte Charitable Trust
Workshops and Generator Support
The National Lottery Community Fund
Reaching Communities
The National Lottery Community Fund
Awards for All
Young Camden Foundation
Summer Programme Activities
Other Grants < £5,000
Various Grants
Other (Local Initiatives Fund/Community Engagement
and Wellbeing Directorate)
Cally Green Economy Youth Engagement and Food
Planter Project		 2025
£
81,625
-
-
21,130
10,000
-
2,200
18,723
-
3,000
136,678
-
30,000
15,000
-
-
-
100,000
14,804
-
-
118,601
45,353
-
200,000
100,000
30,450
20,000
5,000
150,000
43,612
5,160
105,436
15,680
-
11,234
1,010,330
1,147,008		 2024
£
55,997
15,095
949
-
15,000
450
2,000
18,020
22,750
3,500
133,761
4,900
20,000
15,000
14,675
2,780
4,958
-
13,923
28,168
4,575
-
128,147
4,950
-
5,000
20,000
-
90,600
41,985
-
55,367
-
3,860
13,675
472,563
606,324

18

Global Generation Notes to the accounts for the year ended 31 March 2025

4
Fundraising
Staff costs
Support costs
5
Charitable activities
Staff costs
Freelance project staff
Volunteers expenses
Project materials
Other direct project costs
Support costs
6
Staff costs
Gross salaries
Redundancy Payment
Employer's national insurance
Pension
The average number of employees on a head count basis during the year was
The average number of full time equivalent employees during the year was		 2025
£
31,962
13,146
45,108
2025
£
643,277
111,277
3,558
51,476
127,687
264,587
1,201,862
2025
£
663,774
-
51,892
18,325
733,991
37
18		 2024
£
27,438
11,894
39,332
2024
£
558,070
130,701
389
89,449
120,259
241,919
1,140,787
2024
£
571,017
5,600
42,849
15,168
634,634
30
18

No member of staff received emoluments of more than £60,000 during the year (2024: 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 £90,048 (2024: £97,027).

None of the charity's trustees received any remuneration for their services as trustees during the year. No Trustee was reimbursed any travel expenses during the year (2024: 1 trustee, £41).

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		 2025
£
643,277
31,962
1,800
56,952
733,991		 2024
£
558,070
27,438
3,262
45,864
634,634

19

Global Generation Notes to the accounts for the year ended 31 March 2025

7
Support costs
Staff costs
Travel and subsistence
Premises
Finance & administration
Legal & professional
Insurance
Depreciation
Training & recruitment
Marketing
Office
Audit Fee
Other		 General
support
£
1,800
56,952
-
711
-
144,560
3,000
9,000
-
5,657
-
9,496
-
4,284
-
17,124
-
3,331
-
16,757
2,800
-
-
2,261
7,600
270,133
Governance
function
£		 Total
2025
£
58,752
711
144,560
12,000
5,657
9,496
4,284
17,124
3,331
16,757
2,800
2,261
277,733		 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

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)
8
Net income (expenditure) for the year
This is stated after charging:
Depreciation
Auditor's remuneration		 13,146
264,587
277,733
2024
£
115,683
2,800		 11,894
241,919
253,813
2024
£
108,057
2,300

9 Fixed assets

Cost
At 1 April 2024
Additions in year
Disposals in year
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the period
Disposals in year
At 31 March 2025
Net Book Value
At 31 March 2025
At 31 March 2024		 Office
Equipment
£
6,614
1,183
-
7,797
4,937
1,233
-
6,170
1,627
1,677		 Campsite
Equipment
£
5,154
-
-
5,154
5,154
-
-
5,154
-
-		 Sites
£
818,814
503,260
1,322,074
445,911
114,450
-
560,361
761,713
372,903		 TOTAL
£
830,582
504,443
-
1,335,025
456,002
115,683
-
571,685
763,340
374,580

20

Global Generation Notes to the accounts for the year ended 31 March 2025

10 Debtors: amounts falling due within one year

==> picture [475 x 250] intentionally omitted <==

----- Start of picture text -----
2025 2024
£ £
Trade debtors 87,349 226,536
Prepayments and accrued income 51,125 76,384
138,474 302,920
11 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 67,579 59,811
Taxation, Social security and pension 12,892 9,256
Deferred Income 52,854 186,489
Accruals 16,394 3,039
149,719 258,595
Summary of movements in year on deferred income 2025 2024
£ £
Balance at 1 Apr 2024 186,489 89,452
Released in year (186,489) (39,452)
Deferred in year 52,854 136,489
Balance at 31 Mar 2024 52,854 186,489
----- End of picture text -----

Deferred income relates entirely to grants where the charity has not yet completed the activity upon which entitlement to the income is conditional with the total of £52k relating to future salaries and programme spend.

21

Global Generation

Notes to the accounts for the year ended 31 March 2025

12 Movements in funds

Restricted Funds:
Argent Community Fund/Triangle
Camden Council/Future Neighbourhood 3
Childhood Trust
CLA Charitable Trust / Young Gardeners
Cripplegate Foundation/FNOP
Ernest Cook/Green Influencer
Francis Crick / Community Chest
Garfield Weston/Triangle
Greenboard
Heritage Lottery Fund/Triangle
Iris and David Freeman Trust/Triangle
Islington Council /Cally Green Economy
Islington Council/CIL
Kusuma/Triangle
Majors Fund/Kitchen Social Grant
Nineveh Trust
D'Oyly Charitable Trust
Rotherhithe Consolidated Charities
Southwark Council/ Neighbourhood Fund
Southwark Council Common Purpose CW
The City Bridge Trust/Community Manager
Fixed Assets
Total restricted funds
Total unrestricted funds
TOTAL FUNDS
The National Lottery Community Fund/
Awards for All
Voluntary and Community Sector
Development Team/Islington VCS
The National Lottery Community Fund /
Reaching Communities
Heritage Lottery Fund/Voices of the
Water		 At 1 April
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		 Income
£
30,000
81,625
30,000
4,859
15,000
-
-
100,000
14,804
45,352
118,601
100,000
21,130
37,879
200,000
2,200
2,500
5,160
-
3,000
18,723
43,613
15,680
105,436
10,000
152,560
1,158,122
748,509
1,906,631		 £
(27,163)
(80,984)
(1,368)
(4,859)
(13,729)
(3,507)
(2,528)
-
(16,304)
(50,935)
(48,768)
(934)
(15,006)
(33,963)
(26,621)
(520)
(2,766)
(2,317)
(2,278)
(3,000)
(12,934)
(37,506)
(10,637)
(60,982)
(7,855)
(115,683)
(583,147)
(663,823)
(1,246,970)
Expenditure		 Transfers
in / (out)
£
(1,949)
(641)
(19,591)
-
-
52
1
(31,479)
-
5,583
(52,407)
(17,197)
-
-
(114,615)
-
266
-
690
-
-
-
-
(28,367)
-
351,883
92,229
(92,229)
-		 £
888
3,011
9,041
-
5,891
-
-
68,521
82
-
17,426
81,869
6,124
3,916
58,764
4,744
-
2,843
-
-
5,789
6,241
5,043
46,802
8,776
763,340
1,099,111
579,907
1,679,018
At 31 March
2025

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.

22

Global Generation

Notes to the accounts for the year ended 31 March 2025

12 Movements in funds continued
Restricted Funds:
Camden Council/Future Neighbourhood
Camden Council/Somers Town Gardener
Charterhouse Southwark
Cripplegate Foundation/Parent Support
Cripplegate Foundation/FNOP
Ernest Cook/Green Influencer
Francis Crick / Community Chest
Greenboard
Groundwork / Growing Together
Groundwork / GBG Floating Garden
Kusuma Trust
Majors Fund / Kitchen Social Grant
North Southwark Environment Trust
Rotherhithe Consolidated Charities
Southwark Council/Common Purpose
Southwark Council / Positive Future
Team London Bridge
The City Bridge Trust/Community Manager
The Clothworkers Foundation
Fixed Assets
Total restricted funds
Total unrestricted funds
TOTAL FUNDS
The National Heritage Lottery/
The London Community Foundation/QBE
Young Camden Foundation / HAF
King's College London /
CME Community Health Fund
Southwark Council / Neighbourhood Fund /
The National Lottery Community Fund/
Awards for All
The National Lottery Community Fund /
Reaching Communities
Voluntary and Community Sector
Development Team/Islington VCS		 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

Fund Description and transfer between funds:

Camden Council/Future Neighbourhood Phase 3

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

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.

CLA Charitable Trust

D'Oyly Charitable Trust Ernest Cook/Green Influencers Francis Crick / Community Chest

Young Gardeners Club at Paper Garden in Southwark.

Generators support at Paper Garden.

Youth Social Action Projects in Kings Cross and Southwark.

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

23

Global Generation Notes to the accounts for the year ended 31 March 2025

Islington Council / Cally Green Economy Youth Engagement and Food Planter Project. Youth Engagement and Food Planter Project. Youth Engagement and Food Planter Project. Youth Engagement and Food Planter Project. Youth Engagement and Food Planter Project. Youth Engagement and Food Planter Project.
Greenboard Community co-design and build of the Story Garden including the whole community
across ages, backgrounds, abilities and sectors.
Islington VCS Intergenerational growing and cooking programme in Islington, particularly focusing on
the Caledonian Ward.
Iris and David Freeman Trust Construction of Global Generation's permanent home at the Triangle Site.
Kusuma Trust The Triangle - co-creating a new green home for the inhabitants of our city - people,
Mayor's Fund/Kitchen Social plants and animals.
Rotherhithe Consolidated Charities Under 5's at the Paper Garden.
Southwark Council/Common Purpose Youth social and environmental programmes.
Southwark Council / Neighbourhood Fund Growing and Cooking in Paper Garden.
The National Heritage Lottery/ Co-creation of the Floating Garden with local people and the facilitation of workshops
Voices of the Water with 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 National Heritage Lottery/ Construction & Craft: Heritage as a tool for inspiring the next generation including
Construcion and Craft community build workshops and recruiting young trainees.
The City Bridge Trust / Community Manager Grant to support the Community Manager and Story Garden Manager roles in Somers
Town,
The National Lottery Community Twilight gardening with local residents and community beds programme for local
Fund/Awards for All residents to 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.
Garfield Weston Build of the new community Garden at Triangle Site.
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.

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 2024-25 this includes the transfers under Camden Council/Future Neighbourhood Fund (£641) and for the Triangle site build: Argent Community Fund (£1,949), Childhood Trust (£19,591), David & Irish Freeman Trust (£91,876)Garfield Weston (£31,479), The National Heritage Lottery Fund (£52,407), The Naterional Lottery Community Fund (£28,367) and the Kusuma Trust (£114,615).

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, £6,592 was transferred from the unrestricted funds to restricted funds (2024: £389).

restrictions imposed by donors.

24

Global Generation Notes to the accounts for the year ended 31 March 2025

13 Analysis of net assets between funds

Fixed assets
Current assets
Current liabilities
Net assets at 31 March 2024		 £
-
729,626
(149,719)
579,907
Unrestricted
funds		 Restricted
funds
£
763,340
335,771
-
1,099,111		 Total
funds
£
763,340
1,065,397
(149,719)
1,679,018

14 Related parties

None in current year (2024: 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.

Address of registered office and principal place of business is in Story Garden, Ossulston Street, London, England, NW1 1DF.

16 Corporation Taxation

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

25