| Financialreview | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funding Sources | ||||||||||||||
| Reference | and administrative | details | Expenditure | |||||||||||
| Lega I status | Leases | 12 | ||||||||||||
| Principal address | Reserves policy | &going concern | 12 | |||||||||||
| Trustees | Independent Examiner's |
Report | '13 | |||||||||||
| Company | secretary | Statement ofFinancialActivities | forthe Year Ending | |||||||||||
| Senior management | team | 31March loll | 14 | |||||||||||
| Independent | examiner | Balance Sheet as at31March | 2021 | 15 | ||||||||||
| Bankers | Statement ofCash | Flows | for | the | year ending 31March | |||||||||
| 2021 | 16 | |||||||||||||
| Chair's Statement | ||||||||||||||
| Notes tothe financial statements | 1.7 | |||||||||||||
| Trustees' Report | ||||||||||||||
| 1ACCOUNTING | POLICIES | 17 | ||||||||||||
| Objectives | ||||||||||||||
| 2GRANTS AND | DONATIONS | 18 | ||||||||||||
| lolo/210bjectives | ||||||||||||||
| 2.1THE GLASSHOUSE | PROJECT | 19 | ||||||||||||
| Risk management | ||||||||||||||
| 3 PROJECT RELATED FEES | 19 | |||||||||||||
| Recruiting, appointing, |
induction | & | training ofnew | |||||||||||
| trustees | 6 | 4 EXPENDITURE | 20 | |||||||||||
| Organisational structure |
5 STAFF COSTS | 20 | ||||||||||||
| Related party transactions | 6TRUSTEE REMUNERATION | AND RELATED | ||||||||||||
| PARTYTRANSACTIONS | 21 | |||||||||||||
| Fundraising | ||||||||||||||
| 7TANGIBLE FIXEDASSETS | 21 | |||||||||||||
| Achievements for |
the | year | ||||||||||||
| 8 DEBTORS | 21. | |||||||||||||
| Environmental Social |
& | Governance | Performance | 6 | ||||||||||
| 9 CREDITORS: AMOUNTS | FALLING DUE WITHIN | |||||||||||||
| 2020/21 Resources | expended | by objective area | ONE YEAR | 21 | ||||||||||
| loANALYSIS OF | FUNDS | 21 | ||||||||||||
| Community Gardening |
||||||||||||||
| 11RECONCILIATION OF NET |
||||||||||||||
| Building relationships | INCOME/(EXPENDITURE) | TO | NET CASH FLOW | |||||||||||
| Get Out There! And Men | in Sheds | FROM OPERATING ACTIVITIES | 22 | |||||||||||
| Educational Programmes |
12CONTINGENT | LIABILITIES | 22 | |||||||||||
| Grow Well | 13 POST BALANCE SHEET | EVENTS | 22 | |||||||||||
| Communications | ||||||||||||||
| Building links |
||||||||||||||
| Looking ahead to 2021/22 | ||||||||||||||
| Our staff &volunteers | 10 | |||||||||||||
| Corporate volunteering | 10 | |||||||||||||
| Volunteer time |
| Year ended 31March | Year ended 31March | 2022 | Year ended 31March | Year ended 31March | ao21 | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| Notes | s | s | s | s | s | s | |
| Income | |||||||
| Grants 8 donations | 47I426 | 275I252 | 222l577 | 21E833 | 182g884 | 203y714 | |
| Bank interest receivable | 71 | 71 | 163 | 173 | |||
| Pro'ect related fees | 2 0 |
2 0 |
|||||
| Total income | 2 002 |
1 1 1 |
00 1 | 166 2 |
18188 | 8 1 |
|
| Expenditure | |||||||
| Charitable activities |
4i5 | (252 025) | (275)151) | (427E276) | (225)266) | (223~507) | (238(773) |
| Total ex enditure | (22oa) | (1 11) | (2 16) | (11 266) | (12 0 ) |
(2 8 | |
| Net (expenditure)/income | 72r977 | 72'977 | 5' 163 | 58r377 | 109I540 | ||
| Increase/(reduction) in revaluation reserve |
(2,000) | (2,000) | (2,000) | (2,000) | |||
| Profit on sale offixed assets Transfer between funds |
10 | 277i073 | (177E073) | 9,500 | 9,500 | ||
| Net movement in funds |
10 | 280010 | 0 | 8 66 | 8 | 11 00 | |
| Fund balances brought forward | |||||||
| at1A ril 2021 |
10 | 139525 | 192I904 | 332429 | 80I862 | 134(527 | 215I389 |
| Fund balances carried forward | |||||||
| at 31March 2o22 | 387I 75 | 15g831 | 403g406 | 139g525 | 292g904 | 332I429 |
| 31 | March | 2022 | 31 | March 2o21 | March 2o21 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | s | f | E | s | |||||||||
| Fixed assets | |||||||||||||
| Tangible fixed assets | 255,051 | 42, 812 | |||||||||||
| Current assets | |||||||||||||
| Debtors | 8 | 28, | 477 | 13,333 | |||||||||
| Cash at bank and in |
hand | 214,311 | 328,738 | ||||||||||
| Total current assets | 2r,2,788 | 342,071 | |||||||||||
| Creditors; amounts | fallin | due within one | ear | ( | ) | (2 | ) | ||||||
| Net current assets | 1 8 | 28,617 | |||||||||||
| Net assets | 4o | o6 | |||||||||||
| Restricted income funds | 10 | 15,831 | 192,904 | ||||||||||
| Unrestricted income funds |
10 | ||||||||||||
| Revaluation reserve General funds |
2.0 10 |
4,000 8, |
1 | 6,ooo 2 |
|||||||||
| Totalcharit funds |
10 | financial | o | o6 | 2 II,2 |
| 31March 2o22 | 31March 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | E | s | ||||||
| Cash Rows from /(used | in) operating | activities | 11 | »8/003 | 126,286 | |||
| Cash Rows from investing | activities | |||||||
| Interest income | 71 | 163 | ||||||
| Glass house | (232,Sos) | |||||||
| Purchase ofnew van | (31,761) | |||||||
| Proceeds on sale offixed assets | 9/500 | |||||||
| Increase/(decrease) in |
cash and cash equivalents | in the | ||||||
| reporting period |
(»4,427) | 1o/„188 | ||||||
| Cash and cash equivalents | at the beginning | ofthe year | 328,738 | 224,550 | ||||
| Total «ash and cash | equivalents | at the | end | ofthe | ||||
| ear | 21 11 |
28 8 |
| Unrestricted | Restricted | Total 2022 |
Total 2021 |
|||
|---|---|---|---|---|---|---|
| s | ||||||
| London Borough ofHammersmith | & Fulham | 35IOOO | 35,000 | 35,000 | ||
| BBCChildren in Need |
3 970 | 3 970 | ||||
| Dr Edwards & Bishop Kings |
Charity | 4iooo | 4IOOO | |||
| Greater London Authority | 75I000 | 75,000 | ||||
| Mercers Charitable Foundation |
29g706 | |||||
| Co-op Community Fund (Get Out There Project) |
2,553 | 2,553 | 10,000 | |||
| TFLWalks | 2 775 | Ri775 | ||||
| Imperial Health-Grow Well |
4,965 | 4,965 | ||||
| Awards for All | 9,65o | |||||
| Men in Sheds | 5i027 | |||||
| Social Enterprise (National |
Lottery) | 37,000 | ||||
| Kusuma Trust | 5,000 | 5,000 | 2,76o | |||
| John Lyons Charity | 38,274 | 27i470 | 65,744 | 3524 | ||
| Hammersmith and Fulham |
Giving | 500 | 500 | 7,50D | ||
| Glasshouse developments Other Grants and Donations |
,1 2 | 5,614 1, 18 |
5,614 23,070 |
52,267 21,2 0 |
||
| 47)426 | 175 151 | 222i577 | 203I724 |
| Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| s | s | |||||||
| Educational | Programmes, | including | school gardening | and adult education | 101,012 | 68,624 | ||
| Community | Gardening | Progra mmes | 86)975 | 15879 | ||||
| Corporate Team Building | Days | 12,422 | ||||||
| Maintenance | Contracts | 51,674 | 43' 97rr | |||||
| Health and | wellbeing programmes |
2,422 | ||||||
| Local fundraising events |
and donations | 11I172 | 31540 | |||||
| Site Hire | 2,230 | |||||||
| White City Enterprise | 9&139 | |||||||
| Other unrestricted income |
9,598 | 3,281 | ||||||
| 2 | 0 |
| Total | Total | |||
|---|---|---|---|---|
| I | a) Analysis oftotal expenditure |
2022 | 2021. | |
| e | S | |||
| Charitable | activities | 267,850 | 174,676 | |
| Support costs | 156,315 | 57,537 | ||
| Governance | costs | 3 011 | 6560 | |
| TOTAL | 427,176 | 238,773 | ||
| b) Analysis ofsupport costs: |
Total 2022 |
Total 2021 |
||
| E | ||||
| Governance | 314 | 270 | ||
| Finance | 4,831 | 4&375 | ||
| Human resource |
||||
| 150,290 | 52 057 | |||
| Information | technolo | 880 | 8 | |
| TOTAL | 16, 1 | 7 7 |
||
| c) Analysis ofgovernance costs |
Total | Total | ||
| 2022 | 2021 | |||
| e | ||||
| Independent | examiner fee | 500 | ||
| Legalfees | 3,000 | |||
| Staff and support costs | 1.,291 | 1,r,o6 | ||
| Insurance | 1I720 | 1,654 | ||
| TOTAL | 011 | 6 60 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 6 | |||||
| Salaries and wages | 138,940 | 96 223 | |||
| Social | securit | costs | 86 | 8010 | |
| Staff | ensions | 08 | 2 | ||
| 1 021 | 106626 | ||||
| No employee | received emoluments | ofmore than c60,000. |
| 2022 | 2021 |
|---|---|
| Number | Number |
| 4(3.1) | 2(1.6) |
| 2(2.2) |
| Leasehold | Leasehold | Glasshouse | Van | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| Property | |||||||||
| E | |||||||||
| Cost at1April 2o21. | 102/000 | 31,761 | 133,761 | ||||||
| Additions | 232/501 | 232,501 | |||||||
| Dis osals | |||||||||
| Cost at31March | 2o22 | 102,000 | 232,501 | 31,761 | 366,262 | ||||
| Accumulated depreciation |
at | 1April 2021. | (86,979) | (3/97ii) | (9o,91,9) | ||||
| Depreciation provided |
in year | (4,5o9) | (5,813) | (7,91o) | (18,262) | ||||
| Released on disposals | |||||||||
| Transfer from revaluation | reserve | (2 000) | (2 000) | ||||||
| Accumulated de |
reciation | at | 1March 2022 | ( | 88) | ( 81) | (11 10) | (111211) | |
| Net book value at | 1March 2022 | 8 | 226 688 | 1,8 1 | 2 0 1 |
||||
| Net book value at | 31March 2o21 | 15,021. | 27/791 | 42, 812 |
| Debtors are made | up a | s follows: | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| s | |||||
| Fees receivable | 24, | 874 | 9/010 | ||
| Otherdebtorsand | re | a ments | 60 | 2 | |
| 28 |
| Creditors are amounts falling due within one year and are mad |
e up as follows: | |
|---|---|---|
| 2022 | 2021 | |
| Deferred income | 36,949 | 46,275 |
| Social security and other taxes | 1,041. | 681. |
| Other creditors | 5,873 | 5,498 |
| Accruals | Sii/570 |
| 1April ioii | Income | Income | Expenditure | Expenditure | Transfers | 31March | io22 | 31March 2021 | |
|---|---|---|---|---|---|---|---|---|---|
| 6 | s | a | 6 | s | |||||
| Unrestricted | Funds 139r525 |
325,002 | (2S4,oiS) | 177/073 | 387,575 | 139,525 | |||
| Restricted | Funds 192/904 |
175,151 | (7S,iS1) | (177r/73) | 15,831 | 192/904 | |||
| Total all Funds 2 2 |
00 1 | 1 6 | 0 | 06 | 2 2 |
||||
| Restricted funds ofs177,073were transferred | to unrestricted | funds during the year. |
| iApril | ioii | Net Movement |
31.March 2022 |
31 March 2021 |
31 March 2021 |
||
|---|---|---|---|---|---|---|---|
| 6 | 6 | 6 | 6 | ||||
| General Funds | |||||||
| Fixed assets | 33r79i | 216,748 | 250/539 | 33/791 | |||
| Net current assets | 10 | 1 02 | 0 6 | 10 | |||
| Total unrestricted | funds | 2 | 2 800 | 1 | 2 | ||
| Restricted funds |
| Net | Net | 31 March | 31 March | ||||
|---|---|---|---|---|---|---|---|
| 1April ioii | Movement | 2022 | 2021 | ||||
| 6 | 1 | 6 | 1 | ||||
| Restricted funds | |||||||
| Fixed assets | 9,021 | (4/509) | 4/512 | 9/021 | |||
| Current assets | 18 | 88 | 6 | ) | 11 1 | 18 88 | |
| Total restricted funds | 1 2 | 0 | 1 | 0 | 8 1 | 1 2 0 |
| /\ ( !:(,* | . | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| s | ||||||
| Net income | forthe | reporting | year (as per | the SOFA) | 72r977 | 109,540 |
| Adjustments | for: | |||||
| Depreciation | charge | 18,262 | 8,479 | |||
| Interest | (71) | (1.63) | ||||
| (Increase)/Decrease | in debtors | (iS,i44) | 7/207 | |||
| Increase/(Decrease) | in creditors | 1 | 122 | |||
| Net cash rovided |
b /(used | in) 0 eratin | activities | 11800 | 126 286 |