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← The Budding Foundation

2023-10-31-accounts

Trustees’ Annual Report for the period

From 01/11/2022 Period start date To Period end date

31/10/2023

Charity name: The Budding Foundation

Charity registration number: 1155335

Objectives and Activities

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

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The charity has provided 114 grants in
the year totalling £42741
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 750 young
people.

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Financial position maintained with a
28% increase in cash funds held.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Restricted funds of £20,000 held to
maintain museum & operational costs
for a suitable period.
Amount of reserves held Para 1.22 £20000
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A

Structure, Governance and Management

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

Reference and Administrative details

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

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
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10
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13
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19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
Clive Gravett
Lawrence Stevens
Kate Angel

– 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

Trustee name Dates acted if not for whole year
N/A

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

Signature(s) C Gravett

K Angel

Kate Angel Full name(s) Clive Gravett Position (eg Secretary, Chairman Secretary Chair, etc) Date 2nd Feb 2024

The Budding Foundation
 The Budding Foundation
 The Budding Foundation
 1155335 CC16a
For the period
from		 11/1/2022 To 10/31/2023
Section A Receipts and payments
A1 Receipts
Donations
12,256
Gift Aid
746
Sales
8,188
Activites
75,029
-
-
-
96,219
-
Sub total -
Total receipts 96,219
A3 Payments
Grants
42,742
Events
19,619
Costs
8,524
-
-
-
-
-
Sub total 70,885
Heritage Assets
3,067
-
Sub total 3,067
Total payments 73,952
Net of receipts/(payments) 22,267
A5 Transfers between funds
-
A6 Cash funds last year end
58,846
Cash funds this year end 81,113
Unrestricted
funds
to the nearest £
Sub total(Gross income for AR)
A2 Asset and investment sales,
(see table).
A4 Asset and investment
purchases, (see table)		 to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
20,000
20,000
Restricted
funds		 to the nearest £
Endowment
funds		 Total funds
to the nearest £
12,256
746
8,188
75,029
-
-
-
-
96,219
-
-
-
96,219
42,742
19,619
8,524
-
-
-
-
-
-
70,885
3,067
-
3,067
73,952
22,267
-
78,846
101,113		 Last year
to the nearest £
- 12,256 -
- 746 -
- 8,188 -
- 75,029 -
- - -
- - -
- - -
- - -
- 96,219 -
- -
- - -
- - -
- 96,219 -
- 42,742 -
- 19,619 -
- 8,524 -
- - -
- - -
- - -
- - -
- - -
- - -
- 70,885 -
- 3,067
- -
- 3,067 -
- 73,952 -
- - 22,267 -
- - - -
20,000 - 78,846 -
20,000 - 101,113 -

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
B4 Assets retained for the
charity’s own use
Signed by one or two trustees on
behalf of all the trustees		 Details
Bank Account (Nat West)
PayPal
Details
Details
Details
Details
Signature
C Gravett
K Angel
Total cash funds
(agree balances with receipts and payments
account(s))		 to nearest £
to nearest £
79,852
20,000
1,261
-
-
-
81,113
20,000
OK
OK
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Print Name
Clive Gravett
Kate Angel
Unrestricted
funds
Restricted
funds
Unrestricted
funds
Restricted
funds
Fund to which
asset belongs
Fund to which
asset belongs
Fund to which
liability relates
Amount due
(optional)		 to nearest £
Endowment
funds
-
-
-
-
OK
to nearest £
Endowment
funds
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
C Gravett Clive Gravett 2nd Feb 2024
K Angel Kate Angel 2nd Feb 2024

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Roport to the trusteèsl mèmbers of The Budding Foundation On accounts for the year ended 31 $1 October 2023 Charity no lif any) 1155335 Set out on pages One I report to the trustees on my examination of the accounts of the above harity {'the Trust.) for the year ended Rosponsibilities and As the chanty trustees of the Trust. you are responsible for the preparation basis of report of the accounts in acwdance 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 Act and in carrying my examination, I have followed the applicable Directions given by the Charrty Commission under section 14515llbl of the Act I have completed my examination. I confirm that no matenal matters have come to my attention (other than that disclosed ￿loW "l in connection with the examination which gives me cause to believe that in, any material respect. accounting records were not kept in accordance with section 130 of the Act or the accounts do rN)t accord with the accounting records Independent examinerfs statsment I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enab proper understanding of the accounts to be reached ' Please delete Ihe words in the brackets rfthey do not apply. Signed: Date: Name: Relevant profèsslonal qualifi¢ationls) or body lif any): Address: tr4 J S _s É JEST EKJSE￿ £Crr IER October 2018