2025-03-31-accounts - The Orchard Project (Cause) Ltd

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

 

 



            

 

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



          [] []     []  []                     

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

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 []  []  




















 


 


 

 

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



 



   





      
   



          

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



 

            

    

       

 

 





  







                       



 



       

 















     



             

 

        









  
 
  




   

                     [] 









  



  

    



   

 

         

  

    

 





   

                                                                                                                                          	                                                           	                              

 





 



                                                                                                              	                         	                         
		 
		 
		   
		 



  

       

 

  





  























































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The Orchard Project (Cause) Ltd

Notes to the accounts for the year ended 31 March 2025

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 section 1A.

The Orchard Project (Cause) Ltd meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees have considered the potential implications of the Coronavirus (COVID-19) pandemic. Whilst the eventual financial impact of the pandemic on the society, and on the overall economy, remains uncertain, the trustees are confident that the charity will be able to operate for at least 12 months from the date of signing.

There are no key judgments which the trustees have made which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

The Orchard Project (Cause) Ltd

Notes to the accounts for the year ended 31 March 2025 (continued)

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

The Orchard Project (Cause) Ltd

Notes to the accounts for the year ended 31 March 2025 (continued)

h Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

i Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

j Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The Charity does not acquire put options, derivatives or other complex financial instruments.

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

k Stock

Stock is included at the lower of cost or net realisable value. In general, cost is determined on a first in, first out basis. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving, and defective stocks. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

l Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

The Orchard Project (Cause) Ltd

Notes to the accounts for the year ended 31 March 2025 (continued)

O Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

P Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Q Pensions

The charity pays into NEST for pensions under the auto enrolment scheme for its employees

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

3 Income from donations and legacies

Donations Crowdfunding Total Donation from trading subsidiary Corporate sponsorship	Unrestricted Restricted Total 2025 £ £ £ 60,278 - 60,278 - - 32,141 - 32,141 - - -	Unrestricted £ 23,075 - 118,564 -	Restricted Total 2024 £ £ - 23,075 - - - 118,564 - -
	92,419 - 92,419	141,639	- 141,639

4 Income from charitable activities

The Orchard Project (Cause) Ltd

Notes to the accounts for the year ended 31 March 2025 (continued)

Total Groundwork London The MacRobert Trust Julia Rousing Trust Swansea City Council Moondance Farming the Future Wates Foundation Helvellyn Foundation David Cock Esmée Fairbairn Foundation City Bridge Trust: London Community Response Fund John Ellerman Foundation EMB Limited Midlothian Council Swire Charitable Trust The National Lottery: Heritage Fund People's Postcode Lottery A team foundation Garfield Weston Foundation Anonymous Friends of Cheetham Park HDH Wills The Linder Foundation WCVA	Unrestricted Restricted Total 2025 £ £ £ - - - - 55,800 55,800 - - - - 39,090 39,090 40,000 - 40,000 75 - 75 - - - - - - 30,000 - 30,000 - 26,180 26,180 - - - 20,000 - 20,000 26,434 - 26,434 - 75,000 75,000 - - - 6,300 - 6,300 - 13,100 13,100 - - - - 9,380 9,380 - - - - 15,000 15,000 24,000 - 24,000 10,000 - 10,000 - - -	Unrestricted £ 20,000 - - - 40,000 - - - 30,000 - - 20,000 25,434 - - - - - - - - - - -	Restricted Total 2024 £ £ - 20,000 21,375 21,375 10,000 10,000 - - - 40,000 - - 38,740 38,740 5,750 5,750 - 30,000 8,101 8,101 33,000 33,000 - 20,000 - 25,434 - - 20,000 20,000 - - 5,950 5,950 30,000 30,000 6,253 6,253 14,300 14,300 - - - - - 31,522 31,522
	156,809 233,550 390,359	135,434	224,991 360,425

The Orchard Project (Cause) Ltd

Notes to the accounts for the year ended 31 March 2025 (continued)

5 Fees and other income

Training income Cider sales Events, training & consultancy	Unrestricted Restricted Total 2025 £ £ £ 96,279 - 96,279 - - - 47,314 - 47,314	Unrestricted £ 120,870 (3,576) -	Restricted Total 2024 £ £ - 120,870 - (3,576) - -
	143,593 - 143,593	117,294	- 117,294

All income from fees and trading is unrestricted.

6 Investment income

Investment income
Income from bank deposits	Unrestricted Restricted 2025 £ £ £ 1,527 - 1,527	Unrestricted £ 1,770	Restricted 2024 £ £ - 1,770
	1,527 - 1,527	1,770	- 1,770

All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted.

7 Analysis of expenditure on raising funds

Staff costs Cider cost of sales Other	Total 2025 £ - 88 1,507	Total 2024 £ 49,725 - 599
	1,595	50,324

The Orchard Project (Cause) Ltd

Notes to the accounts for the year ended 31 March 2025 (continued)

8 Analysis of expenditure on charitable activities

Governance Independent examination Trustee recruitment Other governance costs; meetings and training Restricted expenditure Unrestricted expenditure 9 Net income/(expenditure) for the year This is stated after charging/(crediting): Independent examiner's remuneration - accountancy - independent examination 10 Staff costs Staff costs during the year were as follows: Wages and salaries Social security costs Employers pension contributions Activities costs (Orchard Planting & Restoration, Education, Training)	Total 2025 £ 795,422 1,800 - 5,871	Total 2024 £ 645,393 1,800 9,908 4,940
	803,093	662,041
	2025 £ 225,504 577,589	2024 £ 200,831 461,210
	803,093	662,041
	2025 £ 900 900	2024 £ 900 900
	2025 £ 471,420 38,042 23,161	2024 £ 432,326 32,000 21,210
	532,623	485,536

No employee has employee benefits in excess of £60,000 (2024: Nil).

The average number of staff employed during the period was 17 (2024:18).

The average full time equivalent number of staff employed during the period was 11.3 (2024: 11.55).

The average number of staff employed during the period for both the charity and its trading arm was 17 (2023:18). The average full time equivalent number of staff employed during the period for both the charity and its trading arm was 11.3 (2024: 11.55).

The key management personnel of the charity comprise the trustees, the Chief Executive Officer, the Head of Operations (job share 1.4 FTE) and Head of Fundraising (0.8FTE). The total employee benefits of the key management personnel of the charity were £185,322 (2024: £177,507).

The Orchard Project (Cause) Ltd

Notes to the accounts for the year ended 31 March 2025 (continued)

11 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration during the year (2024: Nil). No trustees received reimbursed travel and meeting expenses (2024 £nil)

Aggregate donations from related parties were £nil (2024: £nil).

During the year, there were the following transactions with its subsidiary company, The Orchard Project (Ventures) Ltd:

ject (Ventures) Ltd:
	2025	2024
	£	£
Management fees receivable	-	-
Cost paid by subsidiary on behalf of parent	-
Recovery of overhead/staff cost	-
Gift of surplus profits to parent charity	-	-
Amount owed to parent charity by subsidiary	11,609	79,262

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2024: nil).

12 Government grants

The government grants recognised in the accounts were as follows:

13 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

The Orchard Project (Cause) Ltd

Notes to the accounts for the year ended 31 March 2025 (continued)

14 Investments

The charity owns 100% of the share capital of The Orchard Project (Ventures) Ltd (co. no. 915489) which is incorporated in England and Wales. Its principal activity is planting orchards

2025 2024 £ £ Shares in group undertaking (at cost) 1 1 A summary of its trading results for the year ending 31 March 2023: 2025 2024 £ £ Turnover - - Administrative expenses - - Other Operating Income - - - - A summary of its balance sheet 2025 2024 £ £ Net current assets 11,609 79,263 Creditors: amounts falling due within 1 year (11,609) (79,263) Net assets - - 15 Debtors 2025 2024 £ £ Grants receivable 22,685 107,643 Amounts owed by subsidiary 11,609 79,262 Other debtors 1,691 2,567 35,985 189,472 16 Creditors: amounts falling due within one year 2025 2024 £ £ Trade creditors 3 - Other creditors and accruals 6,863 1,800 6,866 1,800	2025 £ 1	2024 £ 1
	-	-
	2025 £ 11,609 (11,609)	2024 £ 79,263 (79,263)
	-	-
	2025 £ 22,685 11,609 1,691	2024 £ 107,643 79,262 2,567
	35,985	189,472
		2024 £ - 1,800
	6,866	1,800

The Orchard Project (Cause) Ltd

Notes to the accounts for the year ended 31 March 2025 (continued)

17 Analysis of movements in restricted funds

Farming the Future EMB Limited HDH Wills Julia Rousing Trust Midlothian Council Moondance Foundation Groundwork London The Linder Foundation WCVA Swansea City Council The National Lottery Heritage Fund City Bridge Trust: London Community Response Fund	Balance at 1 April 2024 Income £ £ 9,685 - - 55,800 - 39,090 28,600 - - 75,000 - 13,100 12,500 - - 26,180 20,000 - - 9,380 - 15,000 25,804 -	Expenditure £ (9,685) (55,800) (39,090) (28,600) - (13,100) (12,500) (26,180) (20,000) (9,380) - (11,169)	Transfers Balance at 31 March 2025 £ £ - - - - - - - - - 75,000 - - - - - - - - - - - 15,000 - 14,635
	96,589 233,550	(225,504)	- 104,635

The Orchard Project (Cause) Ltd

Notes to the accounts for the year ended 31 March 2025 (continued)

17 Analysis of movements in restricted funds (continued)

Farming the Future Finnis Scott Foundation Friends of Cheetham Park HDH Wills Moondance Foundation Groundwork London Kusuma Trust The Linder Foundation People's Postcode Lottery MHCLG: Pocket Parks Plus WCVA Previous reporting period Greater London Authority: Greener City Bridge Trust: London David Cock Foundation The National Lottery Heritage Fund	Balance at 1 April 2023 Income £ £ - 38,740 7,125 21,375 - 10,000 3,000 - - 5,750 - 33,000 38,624 30,000 - - - 8,101 23,680 - - 20,000 - 6,253 - 14,300 - - 31,522	Expenditure £ (29,055) (28,500) (10,000) (3,000) (5,750) (4,400) (56,124) - (8,101) (23,680) - (6,253) (14,300) (5,718)	Transfers Balance at 31 March 2024 £ £ - 9,685 - - - - - - - - 28,600 - 12,500 - - - - - - 20,000 - - - - - - - 25,804
	72,429 224,991	(200,831)	- 96,589

The balances on restricted funds are all unexpended grants for the charity's projects.

18 Analysis of movement in unrestricted funds

General fund Innovation fund Unrestricted grant funding to be spent in the following year	Balance at 1 April 2024 Income £ £ 251,312 394,348 100,000 - 10,000 -	Expenditure £ (529,184) (50,000) -	Transfers As at 31 March 2025 £ £ 10,000 126,476 - 50,000 (10,000) -
	361,312 394,348	(579,184)	- 176,476

The Orchard Project (Cause) Ltd

Notes to the accounts for the year ended 31 March 2025 (continued)

18 Analysis of movement in unrestricted funds (continued)

Previous reporting period

Innovation fund reporting period General fund Unrestricted grant funding grant received in 2022/23 to be spent in the following year	Balance at 1 April 2023 Income £ £ 288,648 386,137 170,000 - 18,061 10,000	Expenditure £ (423,473) (70,000) (18,061)	Transfers As at 31 March 2024 £ £ - 251,312 - 100,000 - 10,000
	476,709 396,137	(511,534)	- 361,312

Name of Description, nature and purposes of the fund

General fund The free reserves of the charity Innovation fund Monies set aside to develop new initiatives, projects and opportunities, including using staff skills and time, in order to foster innovation in our work. Unrestricted grant funding to be spent in the following year: these are unrestricted grants received by 31 Mar 24, which will be spent on project work in the following year

19 Analysis of net assets between funds

Tangible fixed assets Net current assets/(liabilities) Total	General fund £ - 66,475	Designated funds £ - 110,000	Restricted funds Total £ £ - - 104,635 281,110
	66,476	110,000	104,635 281,111

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

Net income/(expenditure) for the year Adjustments for: Dividends, interest and rents from investments Decrease/(increase) in debtors Increase/(decrease) in creditors Net cash provided by/(used in)	2025 £ (176,790) (1,527) 153,487 5,066	2024 £ (91,237) (1,770) (48,028) (3,150)
	(19,764)	(144,185)