Charity reglstratlon number 1139428 Company registration number 07302003 (England and Wales) GATHER COLLECTIVE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Caladine Chartered Certified Accountants GATHER COLLECTIVE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trusteos R Brown R Kenward C Kimber L Moir L Taylor (Appolnted 1 July 2024) Charlty number 1139428 Company number 07302003 Prlnclpal •ddre$8 6 Montclare Hous8 E8Stboume East Sussex BN21 1JG Regi•tsr•d offlce Chantry H¢Juse 22 Upperton Road Eastboume East Sussex BN211BF Indepond•nt examlner John Ca18dlne FCCA CTA FCIE Caladlne Llrnlted Chantry House 22 Upperton Road Eastboume East Sussex BN21 1BF GATHER COLLECTIVE LIMITED CONTENTS Page Trustee5' report Independent examlnerfs report stat8m8nt of financlal actsvities Statsment af flnancial positlon Notes to th8 financlal 5tat8ments 6-13 GATHER COLLECTIVE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JUL Y2024 The trustees present their annu81 report and financial ststements forthe year ended 31 July 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply wlth the trust's Memorandum of Articles, the Companles Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to ch8rities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland {FRS 102) (effective 1 January 20191.. Objectlves and actlvltiés The trust's object5 are to advance the Chrlstian faith and to fiJlfill such oth8r purposes whlch are exduslvely charitsble, according to the law of England and Wales, and are connected wlth the charitable work of the trust. It alms to support and devèlop the Christian pres8nce primarily In the UK but also in other parts of the wortd. Publlc benefft The trustees have paid du8 regard to guldance Issued by the Charlty Commlsslon In deciding whal activities the trust should undertake. Achlevem8nt8 and performance Significant activities and achievements against objeclives Gather Collective has 3 main expressions and 2023-24 saw these grow and consolldate. The main Sunday church congregation continued to attract up tc 65 dlfferent people in any given month. A smaller group (5-101 met every 2nd week at the Community Garden on a Sunday morning. Plans were made to prornote our activities to 1.400 houses wlthln a 15 minute walk as part of our commitment to promoling asset based community development. This generated more volunteers for the garden project. The Community Garden undemient a maintenanc8 upgrade to make it easier for our volunteers to find Materials and create the crops that we us8 ourselves and donate to local food povety charities. This started in the final months of the finance year and yielded in excess of 700 kilos of donated food. We also started a parent and toddler group that attracts 10-20 parents with their children each week. Flnanclal revlew Total income during the year was £68,111 {2023'. £48,871) of which £8,92012023.' £9,456) was restricted. Total expenditure during the year was £73,360 (2023.. £52,047) of which £8,511 (2023-. £4,736) was restricted. Total funds at 31 July 2024 amount8d lo £12,190 (2023: £17,439) of whlch £8,631 12023.. £8,222) w8re restrictsd funds. ReseN8s policy It15 the policy of thp trust that unrestrlcted funds which have not been restricted for a specific use should be malnlalned at a level equivalent to approximately three months expenditure. The trustees are seeking ways to reach this level. Major risks The trustees have assessed the major risks to which the trust is exposed, and are $8tisfi8d that syslems are in place to mitigate exposure lo the major risks. Structure, governance and managoment The trust is a charity and a company limlted by guarantee. incorporated on 1 July 2010. The trust is led on a day to day basis by Dave Roberts. and support team, who report to the trustees on a regular bas1S. GATHER COLLECTIVE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 The trustees, who are also the directors for the purpose of company law. and who serv8d during the year and up to the date of signature of the financial statements W8re: R Brown R Kenward C Klmber J Moir L Moir L Taylor (Resigned 2 July 2024) (Appointed 1 July 20241 Recmltm8nt and appointmant of trustees New trustees are appointed, when required, by th8 8XlSting trustées. None of the trustees has any ben8ficial Inte￿$1 In the company. All of the trustees are members of the company and guarantee to contrlbute a sum not 8xceeding £10 in the event of a winding up. ststoment of trusteos. respon$lbllltlas The trustees, who are also the directors of Gather Collective Llmited for the purpose of company law. are responsible for preparing the Tru5tees' Report and the financlal statements in accordance with applicable law and United Kingdom Accounting Standards (Unit8d Kingdom Gen8rally Accepted Accountlng Pracucel. Company Law requires the trustees to prepare financial statements for each financial year which give a true and falr vlew of the State of affairs ofthe trust and of the incomlng resources and appllc8tion of resources, including the income and expendlture, of the charitable company for that year. In preparfng these financl81 ststements, the trustee5 are requlred to: select suitable accountlng policies and then apply them consistently; observe the fflethods and principles in the Charitles SORP; make ludgements and estlmates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed, subl8ct to any materlal departures disclosed and explalned In the financlal statements., and prepare the finan¢lal stat8ments on the going concern basls unless It Is Inapproprlate to presume that th8 trust will continue in operation. The trustees are responsible for keeplng adequate accounting records that disclose wlth reasonable accuracy at any tlme ihe financial position of the trust and enable them lo ensure that the financial statements comply with the Companies Art 2006. They are a150 responsible for safeguarding the assets of the trust and hence for takn'ng reasonable step5 for th8 prevention and detection of fr8ud and other irregu12rilies. The trustees, report was approved by the Board of Tnjstees. R P Brovm Trustee 23 April 2025 GATHER COLLECTIVE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GATHER COLLECTIVE LIMITED I report to the trustees on my examination of the financial statements of Gather Collective Limited (the trust) for the year ended 31 July 2024. Responslblllties and basls of report As the trustees of the trust (and also Its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in 8ccordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financlal stalements of the trust are not requlred to be audlted under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examlnation of the trust's flnancial statement8 carried out under section 145 of the Charitles Act 2011 (the 2011 Act). In carrylng out my exarnination I have followed all the applicable Dlrections given by tha Charity Commission under section 145{5){b) of the 2011 Act. Independent examlner'8 Statement I have completed my examin8tlon. I confirm that no matiers have come to my attentlon In connecllon with the examination glving me cause to b81ieve that in 8ny material respect- accounting records were nol kept in respect of the trust as requlred by sectiorb 386 of the 2006 Act. or the financial Statements do not accord with those records. or the financlal statements do not comply with the accountlng requlr&m8nts of sectlon 396 of the 2006 Act other than any requirement that the accounts give a true and fair vlew which Is not a matter ccnsidered as part of an independ8nt examin8tlon', or the financlal statements have not be8n prepared in 8ccord8nce wlth the methods and princlples of the Statement of Recommended Practlce for accounting and reporting by chari1I8s applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir81and IFRS 1021. I have no concems and have come across no other matters in connection wlth the examination to which attention should be awn In this report in order lo 8nable a proper understsnding of th8 financial statements lo be reached. John Calad ne FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road Eastboume East Sussex BN21 1BF Date: ril 2025 GATHER COLLECTIVE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JUL Y 2024 Unrnstrlctad Restiictsd funds funds 2024 2024 Total Unrostrlcted Restrlcted funds funds 2023 2023 Totsl 2024 2023 Note$ Income from: Donations and legacles Inveslments 59,136 8,920 68.056 55 39,415 9,456 48,871 Total Incom• 59,191 8,920 68.111 39,415 9,456 48,871 Expendlture on: Charitable aclivities 64.849 8,511 73,360 47,311 4,736 52,047 Total expondlture 64.849 8,511 73,360 47,311 4.736 52,047 N•t Incomel(oxpgndltural and mov•ment In funds 15,658) 409 (5,249) {7,8961 4.720 (3,1761 Reconclllatlon of funds: Fund balances at 1 August 2023 9,217 8,222 17.439 17,113 3.502 20.615 Fund balonces at 31 July 2024 3,559 8,631 12,190 9,217 8.222 17,439 The ststement of financial activltles Includes all gains and108ses recognised In the year. All Income and expenditure derive from COn￿nUIng actlvlttes. GATHER COLLECTIVE LIMITED STATEMENT OF FINANCIAL POSITION ASAT31 JULY2024 2024 2023 Notès Flxed assets Propety, plant and equipment 11 1,106 Current assets Trade and other récelvabl83 Cash at bank and In hand 12 1,754 14,753 21,054 16.507 (4,317) 21,700 (5,367) Current Ilabllltl•s 13 Net current usets 12,190 16,333 Tolal assets l•ss current Ilabllltlo• 12.190 17.439 Th• funds of tha trust Restricted income funds Unrestrtcted fvnds 15 16 8,631 3,559 8.222 9,217 12,190 17,439 The company Is entided to the 8xemptlon from the audlt requlrement contalned in sectlon 477 of the Companles Act 2006, for the year ended 31 July 2024. The dlrectors acknowledge thelr responslbllltles for complylng wlth thè requlrements of the Companies Act 2006 with respect to accountlng records and the preparatlon of financial statements. The members have not required th8 company to obtaln an audit of Its financlal stat8ments for the year In quesllon in accordance with section 476. These financial statements have been prepared In accordanG8 wlth the provlslons applicable to companles sublect to the Small companies reglme. The financlal siatements were approved by the trustees on 23 Aprll 2025 R P Brown Trustee Company registratlon number 07302003 (England and Wales) GATHER COLLECTIVE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUL Y 2024 Accounting policlos Company inforniatlon Gather Collective Limited is a prlvate company limlted by guarantee incorporated in England and Wales. The registered offlce 15 Chantry House. 22 Upperton Road, Eastboume, East Sussex, BN21 1 BF. 1.1 Accountlng conventlon The accounts have been prepared in accordance wlth the trusvs Memorandum and Artlcles of Association. th8 Companies Act 2006 and "Accounting and Reporting by Charitl8s'. Statement of Recommended Practic8 applicable to charlties preparing their accounts in accordance wlth the Financial Reporting Stand8rd applicab18 In the UK and Republlc of Ireland IFRS 102)" las amended for accounting periods commencing from 1 January 20191, The trust Is a Public Benefit Enllty as defined by FRS 102. The trust has tak8n advantage of the provlsions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepar8 a Statement of Cash Flows. The financlal statement8 are prepared In sterllng, whlch Is the functional currency of the trust. Monetary amounts in these financial statements are rounded lo the nearest £. The flnanclal statements have been prepared under the histOTlcal cost convention. The princlpal accounting policies adopted are set out below. 1.2 Golng concern At the tlme of approvlng the financlal statements, the trustees have a reasonable expeclatlon that the trust has adequate resources to contlnue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable fund8 Unrestricted funds are 8V8i18ble for use at the discretion of the trustees in furth8rance of their charitable objectlves. Restr4cted funds are subject to specific condltions by donors or grantors as to how they may be used. Th8 purp¢)ses and uses of the restricted funds are set out In the notes to the financlal ststements. 1.4 Income Income18 r8cognlsed when the trust Is legally enlltled to It after any performance conditions hav8 been met, the amounts can be measured rellably, and il Is probable that income wlll be received. Cash donatlons are recognised on rec8Ipt. Other donatlons are recognised once the trust has been notlfied of the donatlon, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations recelved under Gift Aid or deeds of covenant is recognised at the tlme of the donation. Legacles are recogn15ed on receipt or otherwise If the trust has been notSfled of an impendlng distribution. the amount is known, and receipt is expecled. If the amount is not known. the legacy is treated as a contingent ass8t. 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will b8 required in sett18ment, and the amount of the obligatlon can be measur8d rellably. Resources expended are recognised in the period in which they are incurred and allocated to the appropriate expendlture category. GATHER COLLECTIVE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JUL Y2024 Accounting policies Icontlnued) 1.6 Property, plant and equipment Propety, plant and equipment are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Generally only Items wlth a purchase price above £500 are capitalised. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over thelr useful Ilves on the followlng basls: Allotment fixtures & equlpment 250A on stralght Ilne basis The galn or loss arising on the disposal of an asset is determined a5 th8 difference between the sale proceeds and the carrylng value of th8 asset, and Is recognised in the ststement of financial activities. 1.7 Cash and cash equlvalents Cash and cash equlvalents indude cash in hand, deposlts held at call with banks, olher 5hart-term liquid investments with original maturit18s of three months or less, and bank overdrafts. Bank overdrafts are shown within tiorrowings in current liabilities. 1.8 Flnanclal Instruments The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financlal Instruments1sSUes' of FRS 102 to all of ils financial instruments, Finenclal instruments ar8 recognised In the trusvs balance sheetwhen the trust becomes paty to the conlraclual provisions of the instrument. Financlal assets and liablllties are offset, with the net amounts presented In the financial statsmenls, when there is a legally enforceable right to set off the recognlsed amounts and there is an intentlon to settle on a net basls or to realise the asset and settl8 the Ilability slmultaneously. agslc Ilnanclal gssots Basic financial assels. which include trade and other recelvables and cash and bank balances, gre measured at transaction price including transaction cost5. Baslc financlal Ilabllldes Basic financial liabilities. including trade and other payables and bank loans are recognised at transaction price. Trad8 payables are obllgatlons to Pay for goods or seNlces that have beèn acqulred in the ordlnary course of operations from suppllers. Amounts payable are classified as Qu￿0nt Ilabilities if payment is due within one year or18ss. If not, they are presented as non