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← The Budding Foundation

2024-10-31-accounts

From 01/11/2023 Period start date To Period end date

31/10/2024

Trustees’ Annual Report for the period

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
The charity has provided 94 grants in
the year totalling £35,241
Summary of the main
achievements of the charity,		 Para 1.20 Grants have been made available to
individuals/families (24), Groups of
identifying the difference the young people via organisations & other
charity’s work has made to charities (36) Schools/learning projects
the circumstances of its (34).
beneficiaries and any wider This year’s grants have helped improve
benefits to society as a the lives and benefited several thousand
whole. young people in Sussex.

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Financial position reduced by 36% due
to re-structure of Christmas fundraising
where revenue will be received after
2024 year end.
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

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2
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4
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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
Hazel Haylock

– 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 25th Feb 2025

The Budding Foundation 1155335 Receipts and payments accounts For the period 01/11/2023 31/10/2024 To from ~~| |~~

CC16a

Section A Receipts and payments

Unrestricted
funds		 Restricted
funds		 Restricted Endowment
funds		 Endowment
funds		 Total funds Last year
to the nearest
£		 to the nearest to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donations 15,558 - - 15,558 - -
Gift Aid 1,058 - - - - 1,058 - -
Sales 4,592 - - 4,592 - -
Activites 39,305 - - - - 39,305 - -
Sundry 15 - - - - 15 - -
Interest 1,643 - - - - 1,643 - -
- - - - - - - -
- - - - - - - -

Sub total (Gross income for 62,171 - - 62,171 - AR) A2 Asset and investment sales, (see table). - - - - - - - - Sub total - ~~—————~~ Total receipts 62,171 - - 62,171 - A3 Payments Grants 35,241 - - 35,241 - Activities 42,909 - - 42,909 - Costs 20,699 - - 20,699 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Sub total [ 98,849 ] - - 98,849 - A4 Asset and investment purchases, (see table) - - - - - Sub total - ~~—~~ Total payments ~~————~~ 98,849 - - 98,849 - Net of receipts/(payments) - 36,678 - - - 36,678 - A5 Transfers between funds - - - - - A6 Cash funds last year end 81,025 20,000 - 101,025 - Cash funds this year end ~~SS~~ 44,347 20,000 ~~S45]~~ - 64,347 -

CCXX R1 accounts (SS)

13/05/2025

1

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

Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 K Angel
Signature
C Gravett
Details
Details
Bank Account (Nat West)
PayPal
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
42,235
20,000
2,112
-
-
-
44,347
20,000
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
Clive Gravett
Kate Angel		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
C Gravett Clive Gravett 24th Feb 2025
K Angel Kate Angel 24th Feb 2025

CCXX R2 accounts (SS)

13/05/2025

2

k : CHARITY COMMISSION Independent examiner's FOR ENGLAND AND WALES report on the accounts

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Section A Independent Examiner’s Report
Report to the trustees/ : :
members of | he Budding Foundation
On accounts for the year | 31% October 2024 Charity no | 1155335
ended (if any)
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| report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent | have completed my examination. | confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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Name: | C.r1SOZD DAW GuREnrin
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Relevant professional | “| A qualification(s) or body (if any):

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Address: |2.0 ANMASASE AGAlden
SAsLeXnet —~ 641 ~ISer
WIEST Kssecn GR YS SG@¢
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IER

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October 2018