## **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** **----- Start of picture text -----**
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
**----- End of picture text -----**
## **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** **----- Start of picture text -----**
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
**----- End of picture text -----**
## **Structure, Governance and Management** **----- Start of picture text -----**
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
**----- End of picture text -----**
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** **----- Start of picture text -----**
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
**----- End of picture text -----**
## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
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
**----- End of picture text -----**
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 **----- Start of picture text -----**
Trustee name Dates acted if not for
whole year
N/A
**----- End of picture text -----**
## **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 **----- Start of picture text -----**
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
**----- End of picture text -----**
|**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|| **----- Start of picture text -----**
CC16a
**----- End of picture text -----**
**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