**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** |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|||| ||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 **----- Start of picture text -----**
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)
**----- End of picture text -----**
- | report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/10/2024. - Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). | 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: - e accounting records were not kept in accordance with section 130 of the Act or - e the accounts do not accord with the accounting records | 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. * Please delete the words in the brackets if they do not apply. **----- Start of picture text -----**
Name: | C\.r1SOZD DAW GuREnrin
**----- End of picture text -----**
Relevant professional | “| A qualification(s) or body (if any): **----- Start of picture text -----**
Address: |2.0 ANMASASE AGAlden
SAsLeXnet —~ 641 ~ISer
WIEST Kssecn GR YS SG@¢
**----- End of picture text -----**
IER 1 October 2018