Company registration number: 02679127 Charity registration number: 1151903
Ecoworks (Nottingham) Limited
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 September 2023
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Ecoworks (Nottingham) Limited
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 to 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 16 |
Ecoworks (Nottingham) Limited
Reference and Administrative Details
Trustees Michael Peverill Dr Stephanie Davis Emma McEwan Debbie Butler Billy Rebecchi Michelle Stubley Charity Registration Number 1151903 Company Registration Number 02679127 Registered Office c/o St Ann's Allotments Visitor Centre 121 Ransom Rd Nottingham NG3 3LH Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
Ecoworks (Nottingham) Limited
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 30 September 2023.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Michael Peverill Dr Stephanie Davis (appointed 4 July 2023) Emma McEwan (appointed 28 September 2023) Debbie Butler (appointed 27 April 2023) Billy Rebecchi (appointed 18 January 2024) Michelle Stubley (appointed 28 September 2023) Laura Compton (resigned 27 April 2023)
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated November 1992 and most recently amended May 2013. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
Recruitment and appointment of trustees
After identifying the need for particular skills and expertise on our board we advertise for new trustee positions through NCVS and their volunteer job listings, through newsletters of our own and partner organisations, through social media and through word-of-mouth/email with our network of past and present volunteers, staff and participants.
Objectives and activities
Objects and aims
The principal objects of the company are to develop services that benefit disadvantaged people and the environment.
Public benefit
Ecoworks runs a community garden consisting of nine plots at St Ann's Allotments, located within one of the most deprived wards in Nottingham. A range of activities take place at the gardens with a focus on supporting adults experiencing social exclusion, mental ill health and/poor economic deprivation. Activities at the garden sites include growing, harvesting, cooking and eating seasonal fresh fruit and vegetables, eco-build and garden maintenance, wildlife habitat management and willow craft. Activities are openly accessible to local residents and those referred through health organisations, particularly those who would directly benefit from being active outdoors, take part in social and community activity and access support from our staff through a 'green care' programme.
Page 2
Ecoworks (Nottingham) Limited
Trustees' Report
All of our activities are inclusive and engage vulnerable adults in community opportunities to improve their health, wellbeing and life opportunities. Our programme is based outdoors and combines practical activity with healthy eating also, and for many individuals is a project which is more accessible than traditional methods of recovery and meets interests and access needs more than other provisions. Our project impacts on friends, family, communities and health care providers and helps to build communities, develop community and self pride and through our outreach programme, celebrate achievement and the outcomes of our activity to a wider public. Individuals are encouraged to consider new opportunities and avenues through engaging with our projects, make connections, make friendships and improve their own lives and their local environment.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
This year saw our 30th birthday celebration and the start of a big jump in regular activities at the gardens, thanks to some new grants being secured. Four new trustees joined the board in 2023, bringing lots of new skills, knowledge and enthusiasm, so this felt like a very positive year overall.
The Dig and Dinner project was awarded a year's funding by the National Lottery Community Fund (Awards for All) in February 2023 and attracted a total of 365 participants on Thursdays from Oct '22 - end Sept '23 with an increase of 10% in the second half of this period. The financial year ended with some further good news, that following a successful grant application to the Postcode Lottery, Dig and Dinner will in future be run on two days a week, on Mondays and Thursdays. This will further widen access and opportunity to more people to benefit from the fresh air, exercise, group activity and excellent food provided.
The gardens were very productive during 2023, thanks in part to the more favourable weather conditions compared to the very hot 2022 when gardening was hard work due to all the watering needed. Our experiments growing ring culture tomatoes provided great results and such fresh, healthy food, grown on site continued to be a staple for the lunches provided during the weekly Dig and Dinner sessions.
Our Lightbulb Studio project (funded by Wheatcrofts) was finally completed in April 2023 when large glazed doors were fitted to make the building water tight. A long period of building work by supervised volunteers each Wednesday enabled us to turn a decaying old brick shed into a much improved, useable space, with lots of natural light and a wood burner for heating in the winter. This is now an important new asset for Ecoworks and has already started to be used as a space for making and creating art. The Wheatcrofts funding benefited 72 people over 23 sessions, who reported improved mental health as a result of participating in green building or gardening activities.
In March 2023 we were awarded funding from the Severn Trent Community Fund to start an exciting new project, The Forage Ring. This has enabled us to begin planting lots of useful forageable plants around the perimeter of the gardens. We will have nine themed areas including a dyers garden, berry garden, craft garden and mushroom garden. The funding will also allow us to run a series of workshops which started in early September 2023 with a successful dye workshop where participants learnt about different plants that could be used to dye cloth and had a go with Shibori type tie dye techniques.
Our popular Willow Workshops project was funded by the Lady Hind Trust and in September 2023 we received a small grant from JN Derbyshire to continue. The willow instructor wasn't able to be there for some of the time during the year, so fewer sessions were held than previously, but up to 5 people still turned up to each session and enjoyed making baskets and conversation in the straw bale building.
Page 3
Ecoworks (Nottingham) Limited
Trustees' Report
In December 2022, we marked the important milestone of Ecoworks 30th birthday, when lots of people, including many of our volunteers, supporters and former workers came up to the gardens for a winter garden party to share in the celebration, which included some film taken by one of our volunteers during the early days of the organisation.
We continued to communicate to our 1,900 followers through our Facebook page, with weekly updates about our activities, the plants being grown, the meals prepared and the baskets made from willow. This is now a valuable resource in its own right as it includes many high quality photographs which makes the content very engaging and tells a compelling story about the charity and its work. We launched an Instagram account in August 2023 to help reach a different, younger audience.
The value provided by Ecoworks will be evaluated more thoroughly in the year ahead, but this quote from one of our volunteers helps to sum up what it means to them to attend our regular sessions:
'I most enjoy gathering food, preparing, cooking, eating the landscape, eating the garden, eating the sunshine. This does so much for my mental health, you get nourishment from the food and it nourishes the mind.'
Financial review
Ecoworks have increased their income in this financial year to a little under £46,000 compared to £26,000 in FY2021-2022. The increase is due to a large grant being awarded by The People's Postcode lottery at the end of the financial year for the Dig and Dinner project.
Four grants were awarded in the financial year, totalling £44,066, thanks to our in-house fundraiser, Paul. The other £2,000 has been raised through a combination of donations, sale of produce, hire of the space by other, like-minded organisations and a small amount of bank interest. This is a decrease from the previous year, due to the closure of the neighbourfood scheme.
The income above has supported Ecoworks throughout the year with a charitable spend of <£23,000 and overhead costs of £5,000. The bulk of the expenditure, as always, is on sessional workers who continue to run activities at the gardens.
At the start of the financial year >£16,000 was brought forward from 2022. £35,000 is being carried forward to 2023-24. Reserves remain consistent at £4,200, a slight decrease on the balance brought forward last year of £5,000. At present, the board is actively trying to increase the reserves, so that the agreed 2 years' is held.
Policy on reserves
Ecoworks policy is to maintain sufficient reserves to cover two years' core costs (all the costs of running the site not including the staffing costs), which is reviewed annually at the AGM.
Principal risks and uncertainties
Financial risks
Ecoworks is heavily dependent on grants to be able to deliver its charitable objectives and so the main financial risk is not being able to secure sufficient grant income to maintain core activities. This is mitigated by an ongoing search and application process for new grants, by not employing staff (other than on a sessional basis) and by seeking different forms of unrestricted income.
Page 4
Ecoworks (Notllngham) Llmlted Trusttt5' Report StAttmemt •f Responsibilititg The IrusicES (who arc also the dirrthsxs of EwBThks (Nottitiglthm) Limitrd for of c(wany law) ar¢ reSpoAble for prtpaTi thc mt¢¢S, report and thc flnancial 5tcm£nts in Lccordantt with appli1¢ law and Uniied Kingdom Accounting Srandards Iutiiied Kingdom Generdlly Acccptcd Accountsng Pracricel. including FRS 102 "Th¢ FiDan¢ia] R¢[]¥ Stsndard applicabl¢ in thc UK and Rwthlic of Ir¢land'. The report and accounts have been irt with the &VOViSiLW iti the CthnpAnies Act 2(16 rclating lo srnall compani. Compw law require5 the tnCeS to WePAre fiDan¢id 8tements for ch financial ye. Under company law thc trpts¢cs rnt Doi approve the finwwial uttitss they art satisfied that they give a truc 8Dd fw iry¢w of the swe of affairs of the charitsblt and of the Incr1 r¢sour¢eB and appli¢ats"on of resources, including ILS incornc and expenditwe, ts( the eban"tsble eonyny for pttiÈMI In preparing these finallci S¢atemtnis, the In are required to: sele¢t suitable accouniiiig trt)lici&4 and appty thcrn consiStcntly- observe the Meth and prIlpleS Én the Charilies SORP: make JudBements artd estima rUSLMb1¢ state whethtt Applicable aec(wiTill8 Ststtdd4 ¢4Jmwtsing FRS 102 knve been followe4 sthbieet tts prepare the finwKi41 Slatcmcnts on the going CeM b&%is li 1$ inapwopriate to PTe4ume that the Chanble cornpany will C111nuc in busin&¥. The tru5t¢¢5 ar¢ rf6ponsibl¢ for k¢In8 propry r¢c4Kds th'K105¢ with Teasonable accuracy ai arty tsmc thc financid posilion of thc chm"thble c(Knparry and c1¢ thcm to cttsure th¢ fanCial siat¢m¢nts ¢omply with th¢ Companies Aci 2(M)6. They are also te4xynsiblc for uf¢wwding th¢ assets of the ¢haritable company and hence for taking reasonable sieps for the PTDenuon and d¢tion of frnud and other irregularities. The are respin$ibl¢ for th¢ mainnanCe and inte8Tity of the coqJora and fin¢1&1 infomution ineluded on the charitsble website. Le81s110 8ovemitt8 the preparntion and th'55¢mination of finAn¢id Ststhenrs may differ from l¢gislsts'oD in txlwiyrisdiaion& Smllll cotnp•nltt prowlslon ittemtnt Ihis r¢IMTrrt h&$ b¢¢n PT¢parcd in a¥cordanc¢ with ttK snMII ¢ompanies rt8Tht wthr the ( Art 2(Jtsfi. Thr rrwrt by thr uf thr thvity LMJ... .. its bdwlf by: Mic cl Peveriu Tn¢¢ Page 5
Ecoworks (Nottingham) Limited
Independent Examiner's Report to the trustees of Ecoworks (Nottingham) Limited ('the Company')
Independent examiner’s report to the trustees of Ecoworks (Nottingham) Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the company for the year ended 30 September 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
......................................
John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Date:.............................
Page 6
Ecoworks (Nottingham) Limited
Statement of Financial Activities for the Year Ended 30 September 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Other trading activities 5 Investment income 6 Total Income Expenditure on: Charitable activities 7 Total Expenditure Net (expenditure)/income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 17 |
Unrestricted £ 749 - 242 31 1,022 (5,177) (5,177) (4,155) 3,118 (1,037) 5,207 4,170 |
Restricted £ - 44,915 - - 44,915 (22,617) (22,617) 22,298 (3,118) 19,180 11,445 30,625 |
Total 2023 £ 749 44,915 242 31 45,937 (27,794) (27,794) 18,143 - 18,143 16,652 34,795 |
Total 2022 £ 769 19,190 6,367 - |
|---|---|---|---|---|
| 26,326 | ||||
| (20,286) | ||||
| (20,286) | ||||
| 6,040 - |
||||
| 6,040 10,612 |
||||
| 16,652 |
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for the period is shown in note 17.
The notes on pages 10 to 16 form an integral part of these financial statements. Page 7
Ecoworks (Nottingham) Limited
Statement of Financial Activities for the Year Ended 30 September 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
These are the figures for the previous accounting period and are included for comparative purposes
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Other trading activities 5 Total income Expenditure on: Charitable activities 7 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 17 |
Unrestricted funds £ 769 - 6,367 7,136 (5,396) (5,396) 1,740 1,740 3,467 5,207 |
Restricted funds £ - 19,190 - 19,190 (14,890) (14,890) 4,300 4,300 7,145 11,445 |
Total 2022 £ 769 19,190 6,367 |
|---|---|---|---|
| 26,326 | |||
| (20,286) | |||
| (20,286) | |||
| 6,040 | |||
| 6,040 10,612 |
|||
| 16,652 |
The notes on pages 10 to 16 form an integral part of these financial statements. Page 8
Ecoworks (Nottin%ham) Limited (Registration number: 02679127) Balance Sheet as at 30 September 2023 2023 2022 riole Current assets Debiors Cash al bank and in hand 817 16,393 io 36.598 37,498 17,210 Creditors: Arnounts falling due within onc l'ear (2.7031 1558) Net a55et5 34,795 16,652 Funds of the charlty: Restricted income funds Ri%liiLILd I'und 17 30.625 11,445 Unre5trlcied Income fund$ Unre%irictLd tund% 4,170 5.207 Tot#1 funds 17 34.795 l{>.fy52 'or IhL financial yLar cnding .10 SL'PtLmber 2023 the chariry w&s cntiiled 10 excmption from audit under sectinn 477 of IhL' CompaniL's Ail ?IMlh rLldiinbr io sinall cumpanies. Dir1{r5, r¢&wnsibiliii¢s'. ThL IniinbL'r4 havi not riquiTLd Ihc charity obthin an audit of i15 accounls for thc ycar in qucslion in o¢¢ordan¢¢ with s¢¢iion 476; and Th¢ dir¢ciors a¢know.Icdg¢ Ih¢ir r¢sponsibiliti¢s for ¢omplying with th¢ Y¢quircmcnts of th¢ A¢t with T¢sp¢¥¢ 10 A¢couniing records and lh¢ pr¢paraiion of g¢¢ounts. These financial staiemenis ha%'e been prepared in accordance with ihe special proi'isions relatin8 10 companies subjeci lo the %mall companies regime wiihin Pan IS ofihc Companies Aci 26. The financial siatemenls on pa8es 7 to 16 were approved by the iruslees. and auihorised for issue on and signcd on thcir bchalf by.. .6we•4D.JPjoI4w4c... Emma MeEN'an Trusiee The notes on pages 10 10 16 forni an inicgral part of these financial ststements. Page 9
Ecoworks (Nottingham) Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Ecoworks (Nottingham) Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Exemption from preparing a cash flow statement
Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Page 10
Ecoworks (Nottingham) Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 11
Ecoworks (Nottingham) Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
2 Income from donations and legacies
| Donations and legacies; Donations from companies, trusts and similar proceeds 3 Income from charitable activities Grants & donations 4 Grants & donations National Lottery Community Fund Postcode Places J. N. Derbyshire Trust Severn Trent Water Sundry donations 5 Income from other trading activities Trading income; Sales of goods and services |
Unrestricted funds General £ 749 749 Restricted funds £ 44,915 Unrestricted funds £ - - - - 749 749 Unrestricted funds General £ 242 242 |
Total 2023 £ 749 749 Total 2023 £ 44,915 Restricted funds £ 9,920 24,736 1,000 8,410 849 44,915 Total 2023 £ 242 242 |
Total 2022 £ 769 |
|---|---|---|---|
| 769 | |||
| Total 2022 £ 19,190 |
|||
| Total £ 9,920 24,736 1,000 8,410 1,598 |
|||
| 45,664 | |||
| Total 2022 £ 6,367 |
|||
| 6,367 |
Page 12
Ecoworks (Nottingham) Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
6 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits 7 Expenditure on charitable activities Unrestricted funds General £ Communications 80 Fees & subscriptions - Insurance 1,520 IT 207 Office costs & stationery 2 Professional fees & accountancy 852 Project materials 320 Rent & rates 1,626 Sessional workers 570 Sundry expenditure - Volunteers - 5,177 |
Unrestricted funds General £ 31 Restricted funds £ - - - - - - 2,323 - 20,260 - 34 22,617 |
Total 2023 £ 31 Total 2023 £ 80 - 1,520 207 2 852 2,643 1,626 20,830 - 34 27,794 |
Total 2022 £ - |
|---|---|---|---|
| Total 2022 £ 98 35 1,417 6 66 833 2,197 1,547 14,080 7 - |
|||
| 20,286 |
8 Related party transactions
There were no related party transactions in the year.
9 Debtors
| Trade debtors Prepayments |
2023 £ 67 833 900 |
2022 £ 24 793 |
|---|---|---|
| 817 |
Page 13
Ecoworks (Nottingham) Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
10 Cash and cash equivalents
| Cash on hand Cash at bank 11 Creditors: amounts falling due within one year Other creditors Accruals |
2023 £ 50 36,548 36,598 2023 £ 588 2,115 2,703 |
2022 £ 50 16,343 |
|---|---|---|
| 16,393 | ||
| 2022 £ 558 - |
||
| 558 |
12 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
13 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
| Accounting Plus are analysed as follows: | ||
|---|---|---|
| Independent examination | 2023 £ 490 490 |
2022 £ 465 |
| 465 |
14 Taxation
The charity is a registered charity and is therefore exempt from taxation.
15 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 14
Ecoworks (Nottingham) Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
16 Analysis of net assets between funds
Unrestricted
| Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets 17 Funds Unrestricted funds General General fund Redundancy fund Community Garden Restricted funds Jones Trust Dig & Dinner (Lottery) The Forage Ring (STW) Light Bulb Studio J. N. Derbyshire Trust Dig & Dinner (Postcode Places) Wheatcrofts Lady Hind Trust Total restricted funds Total funds |
Balance at 1 October 2022 £ 2,682 1,975 550 5,207 129 2,185 - 3,131 - - 5,000 1,000 11,445 16,652 |
General £ Restricted £ 2023 Total funds £ 4,758 32,740 37,498 (588) (2,115) (2,703) 4,170 30,625 34,795 Unrestricted General £ Restricted £ 2022 Total funds £ 5,765 11,445 17,210 (558) - (558) 5,207 11,445 16,652 Incoming resources £ Resources expended £ Transfers £ Balance at 30 September 2023 £ 1,022 (5,177) 5,643 4,170 - - (1,975) - - - (550) - 1,022 (5,177) 3,118 4,170 - - (129) - 9,920 (10,488) (600) 1,017 8,410 (2,653) (810) 4,947 349 (3,284) 129 325 1,051 - (100) 951 24,736 - (1,400) 23,336 - (4,792) (208) - 449 (1,400) - 49 44,915 (22,617) (3,118) 30,625 45,937 (27,794) - 34,795 |
2023 Total funds £ 37,498 (2,703) |
2023 Total funds £ 37,498 (2,703) |
|---|---|---|---|---|
| 34,795 | ||||
| 2022 Total funds £ 17,210 (558) |
||||
| 16,652 | ||||
| Balance at 30 September 2023 £ 4,170 - - |
||||
| 4,170 | ||||
| - 1,017 4,947 325 951 23,336 - 49 |
||||
| 30,625 | ||||
| 34,795 |
Page 15
Ecoworks (Nottingham) Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
The transfers from the restricted fund to the General fund represent agreed amounts to cover overheads in the period.
The transfers from the desingated fund to the General fund reflects the release of any designation on the use of these funds as agreed by the trustees.
The specific purposes for which the funds are to be applied are as follows:
Light Bulb Studio is a project which is to build an artists studio with disadvantaged groups. Wheatcrofts - for staff training & development and to run sessions.
Jones Trust - for a willow workshop.
Dig & Dinner (Lottery & Postcode Places) - project engaging local people living in St. Ann's Ward in gardening, harvesting, cooking and eating together.
J. N. Derbyshire Trust - for garden projects and small build projects.
Lady Hind Trust - for willow projects.
The Forage Ring - new project that has enabled us to begin planting lots of useful forageable plants around the perimeter of the gardens, the funding will also allow us to run a series of workshops.
These are the figures for the previous accounting period and are included for comparative purposes:
| Unrestricted funds General General fund Redundancy fund Community Garden Restricted Jones Trust Dig & Dinner (Lottery) Light Bulb Studio J. N. Derbyshire Trust Wheatcrofts Freemasons Lady Hind Trust Total restricted funds Total funds |
Balance at 1 October 2021 £ 942 1,975 550 3,467 3,920 - 3,225 - - - - 7,145 10,612 |
Incoming resources £ 7,136 - - 7,136 - 9,660 - 3,000 5,000 530 1,000 19,190 26,326 |
Resources expended £ (5,396) - - (5,396) (3,791) (7,475) (94) (3,000) - (530) - (14,890) (20,286) |
Balance at 30 September 2022 £ 2,682 1,975 550 |
|---|---|---|---|---|
| 5,207 | ||||
| 129 2,185 3,131 - 5,000 - 1,000 |
||||
| 11,445 | ||||
| 16,652 |
Page 16