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2023-12-31-accounts

FRIENDS OF ABBEY GARDENS

(Charitable Incorporated Organisation) TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31.12.23

CIO number:1158147

Friends of Abbey Gardens Financial year ending 31 December 2023

Trustees' report

CIO number 1158147

Charity Objectives:

To promote for the benefit of the inhabitants of Newham, London and the surrounding area, the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity, or disablement, financial hardship or social and economic circumstances or for the public at large in the interest of social welfare and with the object of improving the condition of life of the local community.

Executive Summary

Another successful and active year was enjoyed in Abbey Gardens! This year, a smaller team and smaller amounts of funding meant we had challenges sustaining activities with the team's capacity being stretched at times. However we continued to build community engagement with the gardens. We enjoyed the space in Spring and Summer especially, with our first Bee Day celebrations and a community celebration of the Jubilee weekend with music in the gardens. A focus for 2024 is to increase funding that can support the team more sustainably. We are proud of the achievements of a small and passionate team within the gardens, and seeing how appreciated the space is by locals and those wandering by, providing a space of calm and connection.

Summary of main activities

The following events and activities addressed our charitable aims in 2023:

Spring festival

Earth day with funding from CPRE and Go Parks

Partnership with Hive Curates - recycling workshop

new audience for the gardens

Community grant to celebrate the Jubilee weekend in May

Abbey Gardens celebrated our first World Bee Day event

Summer Fridays for families

Apple Day

Successful funding application for People Powered Places

50 Steps Steerco

,••rf Earth Day Fenceliner Planters

Earth Day Fenceliner Planters

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Apple Day Juicing

Summary of main achievements

Ambition and focus 2024-25

We would like to extend a special thank you to the core team below working to maintain the gardens. The passion and investment of this group are making it possible for a meaningful community to grow in the space.

Xuan Sinden

Alice Walters

Monika Szolle

Jess Damidot

Dr Zhen

And to all our other gardeners and volunteers who make the gardens such a special and unique place. And Vinny the dog!

Financial Review

Friends of Abbey Gardens Financial year ending 31 December 2023

Reference and administrative details:

Charitynumber:1158147

Trustees:

Stewart Haywood

Anna Bulman

Monika Szolle

Tim Peake

Principal address:

AbbeyGardens,20BakersRow,London,E153NF Bankers:Co-OperativeBank,1BaloonStreet,Manchester,M604EP

Governingdocument:ConstitutionoftheCIOFriendsofAbbeyGardens(2014)

Type of organisation:

Charitable Incorporated Organisation

Appointment of Trustees:

New trustees are elected to post at the annual general meeting As per the Constitution the CIO is required to have at least three trustees at any time

The Trustees are responsible for preparing the Annual report and Annual Accounts in accordance with Charity Law of the United Kingdom/Charity Incorporated Organisations (General) Regulations 2012

The Trustees are responsible for keeping accurate accounting records

Financial review

Due to a small core team of Trustees, 2023 was a year of lower activity in grants and projects. The space was well maintained and visited by the presence of an onsite Cafe trading at weekends combined with a small group of regular volunteers.

This year the charity was unable to meet its reserves policy due to lower levels of grants and fundraising. The Trustees intend to increase funds for the coming years and will review fundraising strategy to support making the gardens more sustainable ongoing.

We have been lucky to receive enough volunteering and time investment into the gardens to maintain the gardens and community. Regular outgoings are low which enables us to sustain the space in years of lower income.

The trustees are prioritising grants and funds for the next year that can support a Project Manager for the space to be able to take on more structured activities in the gardens and generate more funds in 2024 to deliver on the charity's aims.

Friends of Abbey
Gardens
Financial year ending
31 December 2023
Profit & Loss by
activity
INCOME
Grant income £ 2,567.50
Unrestricted income £ 714.20
TOTAL INCOME £ 3,281.70
EXPENDITURE
Labour £ 6,210.00
Project Management £ -
Gardener £ -
Contractors £ -
Materials £ 1,565.61 £ 1,565.61
Insurance £ -
Utilities £ 901.19
Publicity £ -
Event costs £ -
General expenses £ 316.64
TOTAL EXPENDITURE £ 8,993.44
-£ 5,711.74

Friends of Abbey Gardens Financial year ending 31 December 2023 Notes to the Annual Accounts

  1. The annual accounts are prepared on a receipts & payments basis according to the Charity Incorporated Organisations (General) Regulations 2012 2. The CIO is exempt from external audit as the income in FY 2019 income falls below 250K threshold

  2. In the FY 2023 the CIO did not enter into any guarantees

  3. As at 31.12.2023 the CIO did not owe any amounts to external parties

  4. The Profit & Loss presents the summary of all amounts received and paid out in financial year 2023