   ##   ##                              [] []     []  []                        **----- Start of picture text -----**

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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. 13 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. 14 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. 15 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_| 16 **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_| 17 ## 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_| 18 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). 19 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. 20 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_| 21 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| 22 ## 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| 23 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)_| 24