2022-10-31-accounts

Trustees’ Annual Report for the period

From 01/11/2021 Period start date To 31/10/2022 Period end date

Charity name: The Budding Foundation

Charity registration number: 1155335

Objectives and Activities

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SORP reference
Summary of the Para 1.17 To help improve the lives and of
purposes of the charity young people aged 5 to 31 who
as set out in its due to poverty, disability & lack
governing document of support are in need of financial
assistance. To run a small
museum linked to the charity for
fund raising purposes.
Summary of the main Para 1.17 and To provide grants via Local
1.19
activities in relation to Authorities, Schools & Colleges &
those purposes for the other Charities/Organisations who
public benefit, in have identified a young person in
particular, the activities, need of support. Museum is
projects or services responsible for raising the
identified in the majority of our funds.
accounts.
Statement confirming Para 1.18 The trustees are fully aware of
whether the trustees the guidance issued by the
have had regard to the Charity Commission on public
guidance issued by the benefit.
Charity Commission on
public benefit
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Achievements and Performance

SORP reference

	Summary of the main achievements of the charity, identifying the diference the charity’s work has made to the circumstances of its benefciaries and any wider benefts to society as a whole.	Para 1.20	The charity has provided 67 grants in the year totalling £18355 Whilst the majority of grants are for individuals, some are to help groups of young people, for example respite outings for young carers, day trips for those with disabilities. This year’s grants have helped improve the lives of more than 450 young people.

Financial Review

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Review of the charity’s Para 1.21 Financial position maintained
financial position at the with a 10% increase in cash funds
end of the period held.
Statement explaining Para 1.22 Restricted funds of £20,000 held
the policy for holding to maintain museum &
reserves stating why operational costs for a suitable
they are held period.
Amount of reserves held Para 1.22 £20000
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially Para 1.24 N/A
in deficit
Explanation of any Para 1.23 N/A
uncertainties about the
charity continuing as a
going concern
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Structure, Governance and Management

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Description of charity’s
trusts:
Type of governing Para 1.25 Trust Deed dated 19 [th] August
document 2013
(trust deed, royal
charter)
How is the charity Para 1.25 Unincorporated Association
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 Appointment of new trustees to
methods including be approved by a minimum of two
details of any existing trustees in accordance
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constitutional provisions with Trust Deed dated 19[th] August e.g. election to post or 2013 name of any person or body entitled to appoint one or more trustees

Reference and Administrative details

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Charity name The Budding Foundation
Other name the charity Museum of Gardening
uses
Registered charity 1155335
number
Charity’s principal 35 Culver Road, Lancing, West Sussex, BN15 9AX
address
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Names of the charity trustees who manage the charity

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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Clive Gravett
Lawrence
2
Stevens
3 Kate Angel
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved Director name

N/A

Name of trustees holding title to property belonging to the charity

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Trustee name Dates acted if not for
whole year
N/A
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Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

N/A

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

K Angel

Signature(s) C Gravett Kate Angel Full name(s) Clive Gravett

Position (eg Chairman Secretary Secretary, Chair, etc)

Date 2nd Jan 2023

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The Budding Foundation 1155335
Receipts and payments accounts
For the period 11/1/2021 10/31/2022
To
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Donations 4,815 - 4,815
Gift Aid 665 - - 665
Sales 9,592 - 9,592
Activites 54,318 - - 54,318
- - - -
- - - -
- - - -
- - - -
69,390 - - 69,390
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - -
- - - -
Sub total - - - -
Total receipts 69,390 - - 69,390
A3 Payments
Grants 18,355 - - 18,355
Events 14,722 - - 14,722
Costs 10,319 - - 10,319
HMRC 9,246 - - 9,246
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total [ 52,642 ] - - 52,642
A4 Asset and investment
purchases, (see table)
Heritage Assets 11,518 - - 11,518
- - - -
Sub total [ 11,518 ] - - 11,518
Total payments 64,160 - - 64,160
Net of receipts/(payments) 5,230 - - 5,230
A5 Transfers between funds - - - -
A6 Cash funds last year end 53,616 20,000 - 73,616
Cash funds this year end 58,846 20,000 - 78,846
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Section B Statement	of assets and liabilities	at the end of the period	at the end of the period
		Unrestricted	Restricted
Categories	Details	funds	funds
B1 Cash funds	Bank Account (Nat West) PayPal Total cash funds	to nearest £ 55,399 3,447 - 58,846	to nearest £ 20,000 - - 20,000
	(agree balances with receipts and payments account(s))	OK	OK
		Unrestricted	Restricted
		funds	funds
B2 Other monetary assets	Details	to nearest £ - - - - - -	to nearest £ - - - - - -
B3 Investment assets	Details	Fund to which asset belongs	Cost (optional) - - - - -
B4 Assets retained for the	Details	Fund to which asset belongs	Cost (optional) -
charity’s own use			- - - - - - - -
		Fund to which	Amount due
B5 Liabilities	Details	liability relates	- - - - - (optional)
Signed by one or two trustees on behalf of all the trustees	Signature	Print	Name
	C Gravett K Angel	Clive Gravett Kate Angel

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CC16a
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Last year

to the nearest £

-

-

-

-

Endowment funds

to nearest £ - - - -

OK

Endowment funds to nearest £ - - - - - -

Current value (optional) - - - - -

Current value (optional) - - - - - - - - - When due (optional)

Date of approval

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Budding Foundation On accounts for the year ended 31* October 2022 Charity no (if any) 1155335 Set out on pagès One I report to the trustees on my examination of the accounls of the above chartty (Ihe Trust-) for the year ended- I l MM I 4": Responsibilities and -As the tharity trustees of the Trust. YO￿are ￿pOnSIble for the preparatson basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Ad and in carrying oul m¥ examination, I have followed the applicable Directions given by the Charity CommissiorF under sertion 145(51(b} of the Act. I have completed my examination. I confim tbat no material matters have come lo my attention {other than that disclosed below ") in connection with the examination which gives me cause to believe that in. any material respect." accounting records were not kept.in accordarTce with section 130 of the Art or the accounts do not accordwith the accounting records Independent examiner's statement I have no COn￿mS and have corne across no other mattets in connection with the examinafion lo which attention should be drawn in order to enable a proper understanding of the accounts to be reached._ . Please delet￿the w0￿S in Ihe brackets rfthey do notappty. Signed: Name: Cuffoqjs Jr)HN Relevant professional qualification{s) or body lif anyl: Address: lo C- ty1(È7 Sor IER October 2018