## **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
9
10
11
12
13
14
15
16
17
18
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