Rogl¥tered number.. 08755152 Charity numbor= 1158795 GROW COOK LEARN UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2021 WR Partners Protecting your future.
GROW COOK LEARN (A company Ilmlt•d by guwant••l CONTEIITS Page R•f•r•n¢• and Jdministrative details of the Chaiitable cornpany* its TN•t••s •nd dvlserg Chalrman's stst•m•nl Trustees. report Ind?ndnt examinèrfs rèport Statement of financlal •cti¥ltle• 3.14 15.16 17 Balanc• sh••t 18 Nol•• to th• finan¢l•l $tsl¢m•nls 19.29
GROW COOK LEARN IA Company Ilmltod by guaranto0) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPAMY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Tru5t8ès Mr C P E¢Ywards Mr C Balkèr KIS A Calfyn Ms S Boak Iresioned 26 November 20201 K4r P Carty Mr P J Sams lappoinled 25 Febrvary 20211 Ms B M Smith lappoinled 24 September 20201 Company r•gl$l•r•d num1 08755152 ¢hJrlty r•glst•r•d number 1158795 R•glsl•r•d offlc• Shropshir• Hill$ Ois¢ovory C¢nlr¢ School Road Craven Arms Shropshire SY7 9RS Accountants WR Partners Charlered Accovnl8nls Belrnonl House Shr¢wsbury Bu$inèss Pa Shrew5bury Shropshire SY2 6LG Page 1
GROW COOK LEARN IA eornpany Ilmlt•d by iuarant••l CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2021 Chai¢s FOreWd This is a report on a mosl sfrange year. when we had lo be cbsed to Ihe publ for alrnost as mvch as wè warè open And even when we were open. our services had to be limited. Despitè this, tha govemment support available lo enterpri5 such as ows %%i¢h were lorwl to ch)se enabled us yet again to romplele the year without any other operating subsidy. as Ihe figures in Rèport show.1 Howev¢r, progre55 on our crilical Outstandin9 Nalural plans to dalivèr on our misslon and $8cure the financial sus13irnability ol the charity wa5 in ellecl pyl or) hold for Ihe year This w39 not only because of the pandemic but b¢caLtse tsl delays In resolving our secure lenure ol Ihe siie. l am glad Ihat we now seetN lo h3v8 a way throug this tenure issue and can kirk5tart our Outstar19 Natural plans. Last year's Annual R¢port - On a 'normal' year's operating - inlri)duced lealures and photographs ol our work. I'm pleased to Say we have dong so again. even il a bil m(x8 limited. lof obvious rèasons. Again, I have £onlidence thal appreciatK)n and •xp•n8nc& of 8ritain's. and Ihe Shropshire Hills.. gf8at ouldoN• is on a long-lèrm growth trtnd and Ihal the charily is Ideally placed lo conlribule lo that. What has bèen heart-warmin9 during all Ihe uncertainty is Ihal the stall. volunleers, truslees and Mttmbèrs hAve maintainèd théir tommllmènt b an(J belièl in Ihe charity. 11 w8 can do that when the going is iough, thère is so much to look lomard lo as ihiTvJs relurn to nom)al. Charles Edwards Prof Charles Edwards lrtdl. Ch'r ol Grtsw Cook Learn Lld Page 2
GROW COOK LEARN (A company Ilmll•d ty 9uJraibt•al TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCM 2021 The Trustees present their annual report tr)gelher with Ihe financial staiements of the Charitable company for thè year 1 April 2020 10 31 March 2021. Thè Annual ieport seryes the wrposes ol both a Trustees, report and a directors, report under cornpany law. The Trustees confim that the Annual report and fin8ncial slalements ol the charitable company Gomply wlh Ihe currenl Statutory requirements. the requirements of th& chAriiablÈ company's governing docurnenl and the provi&tsns ol the Stalement of RecorM)ended Practice ISORPI applicable to charities prèparing their accounts in accordance wrth the Financial Repor'n9 Standard applicablè In the UK and Republic ol Ireland IFR51021 lerfeclive 1 January 20191. Sincè the Charilable company qualifies a5 small under section 382 01 Ihe Companies Act 2006. the Slralegic report requifed ol medium and &rge companie5 under Ihe Coryanies Act 2006 (Strategic Report and Oir8Ctors' Report) Regulahons 2013 has been omilled. Obl•ctlvt$ and actlvlll•$ a. Poll¢l•s and obl•¢ll¥•s Thè ArtIc$ ol Association define Ihe Objecls ol Grow Cook Learn 35 Ihe promotion lor the publlc benefrt ol urt)an or rural r8g•nefalion in Ihe Area ol Benefit by all or any Of thè following rneans.. * the protection or constrrvalion ol Ihe enviroTrmenl'. thè advancement ol etjucalion. Ifaining or relrainin9, paCUlty amon9 un8mpksyed people. and providing unemployed pèople wilh work eXpernce.. the creaiiorn ol Iralnin9 and employment opporlunilies by Ihtt provision wwkspaea. buildings andlor land lor usè on lavourable terms", Ihe mainlenante, improvernent Of provision of public arneniliès.. the provision of recreational facililies foi the public al large or Ihosa who by rèason ol their youth, age, infirmity or disablement. poverty or social and economic circurn51ances. hav• néèd of such faalilies". and such olhef means as rnay from Iirne lo lime bè dètermined subieci 10 the pnor written consent ol the Charily Commission lor England and Wales. Thes8 genaral objectives have been fvrther r8fined sincè our lomiaiion w)to the specific overarching mission.. Why we're htre The charity's goal is lo connecl people to Ihè ftch ouldoor world around them. Vlsilors lo the Shropshire Hills 11 come to the Discovery Centr& 10 enjoy experiencing. discovenng. leaming 8boul and beirw inspired by.. 1. The great food that comes from Ihe artra, htsw to grow and cook it and how rood and ils production affects our environment and health 2. The beauty and variety of the Shropshire Hills landscape, the wildlife lflofa and launal il supports and how to explore, appreciate and piolecl this bolh in our Onny Meadows and using the aa'S wider abundance of footpaths. bridleway3 and lanes 3. The fascinating nalural. human arKI ec0n0ffl history ol the ShropshI Hills and the present and fulure challenges which the area faces Page 3
GROW COOK LEARN {A company Ilrnlted by guwatst••} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Oblèctlw•s and a¢tSvltS•s leontlnuedl 4. Our work wilh and for the hxal community and its dtversityof wpulations and interests We're proud lo host the life.size replica of the Shropshir8 Marnrnoth found In Ihè area in 1986. This changed our knowledge of whal animals lived here after Ihe end ol the last Icè Agé." it vividly captures the evolvin9 relionship betr4een food. landscape and hislory in the Shropshire Hills. The mor8 vlsitors we have the more peop we reach with our m8ssage and th• mor$ incom¢ we receive to improve and extend the wsilor experience and contrknule to the local cornrnunity. l# sètting obl$¢tiv¢s and plannin9 aclivilws. lh8 TnJstees hav8 givon due con$Kleralion to g8n8r81 guidanca pub115h8d by Ihe Charity Commission relaling lo public b8ngfil. including the guidance 'Publi¢ btrn$fil. runrning o charity IP821'. b. M¥ln o¢tl¥ltl•s und•rlakèn tts lurthor thè eh•rlty'$ purpos•s lor th• publ1¢ b•n•flt Pursuing its Obieels and mission. thè main activity of Grow Cwk Learn conbnued lo be the operation ol th iconic Shropshire Hi11s Discovery Cenlie Craven Arms as an edycation and training ¢enlre ltsf food-relalad skills, as a visitor attraction linkin9 food. landscape. wildlife and history in the Shropshire 1115 and as a 18isura rsoure8 for visitors arnd bcal reskdenls. This Operaln was repeatedly 51g11gd 4rtd ¢on$tr8ined by government m•aSreS owing lo the Coronavirus pandemic. Specifically, th8 rna aclivilies of Glow Cook Learn in 2020121 WOfO'. Running the calé Running the shop ainlainin9 Ihe Exhib41itsn Provi¢Jing school visits when possible Running a very lirnited programrnè of Evènts Recruiting and keeping Mernbeis. Mainlaining and improving Ihe meadows Pagè 4
GROW COOK LEARN {A eornpany Ilmltsd by guar#nt•81 TRUSTEES. REPORT ICONTINUED FOR THE YEAR ENDED 31 MARCH 2021 hievem¢nt$ and performane• a. Manager's 2020121 Report Th8 year 2020121 w111 w down in hlstory as a year Irke olherl It was a period which ended as it began- with the C8ntr6 closed 10 Ihe public and we spent the months in belween under vario(ts local and national restrictions and Ihree l(Kkdowrns. A5 such. my reptsrt on Cenlre Ille is going to be father shorter than usual. but there wer# a féw noiablé moments, so here goes. How we copod wlth th• Pand•ml¢. though all the siaff wèrè lurltsughed, we knew thal our meadows would have a role to play in allowing people some open Space lo escape Ihe confines ol their homes. With this In mind. we ernployed a basic carèiaking service 18mptyin9 bins, litter picking, checking Ihe paths elc.) lo make sure the area could be used Safely, Although tsthèr operaiois were olfefirwJ some form of takeaway (Jrinks offer and meal delivery serviés, wè lèlt this lo be at odd5 wilh Ihe government's "slay al horne" message. and so we elected to keep all ¢ommer¢i81 operations c105ed. With all our incomè strèams cul off. our v8ry survival was once again in jeopardy With little sc¢ptr its 9on¢ral¢ Income bayond that which was prOVe by the various g)vernment support package5, survival depended on our ability to redu¢e ¢osis and keep eash In ihè bank. The boilers were shul off, standing orders slopped, contracts wilh sUpplrS cancèll8d. and all utility suppltrs ¢tacted In the atlempl lo reduce every ov¢rhe8d lo its minimum. All we could do was srt and wait and w6 walched Ihe ebb and flow ol Ihe virus caseload and awailed th n&xt govtrrnmenl d8cree. Even when we did open the cale? and shop inehveen bckdovms. the social dist8ncin9 rul8s rnbanl that visilor numb8rs w•r• r•siricled and income was impacted severefy Our education programmè was molhballad, and the majority ol our events were cancelleil. ncluding our big fundrai5er5- the Shropshire Way 80K Fèslival and Bonfire. The pandem. coupled with drawn out negotkations over tenure, has delay8d lurthar our plans lo deliver thé Oulslanding Nalufal Proiecl Ju4i¢ious use of Iho furfough sch8mts. oveth6ad reductions and ihe conlinued support ol our Membèrs ènablad US to come through wilh money still in the bank. We acknovAedge Ihe willingness ol ¢vr $laff. Trusiees and voluniè8rs 10 help out in Ichever way Ihey could and extend a big Ihank you lo everyone who played their part. We are pleased that the lurlough s¢heme SUPFKTrrted our slaff who Subsequently return8d lo their roles and stayèd wilh us through the highs and lows ol the year. As our Management accounls show. we managed to cover our operatin9 cosls for Ihe year This means thal we have now operated wilhoul subsidy for four full years Once in receipt of our final audited accounts, wè will know thè precise outturn and will (K)n vethllyon this al the AGM. Page 5
GROW COOK LEARN {A company Ilmit•d by guarant••) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 31 MARCH 2021 A¢hS•v•menls •Nd p•rl0rnnce Icontlnu8d} Mombfjrshi Although our M8mb4rs warè unable to lake lun adv3nlage of their Membership. we were delighted that so many electèd nol 10 lèt Il lapse. Al a time when we needed Membership Income rnorè than èv8r. we thank you lor sticking with us. Membership numb8rs remained stsble Ihroughoul Ihis poriod, although they have grown 5ubslanlially since the restart. so welcome lo all the new Member51 Gr4nt's 200km non4top ¢hall•ng• With Ihe Ctntre ck)sed and wilh time on my hands whilst furbughed. rt wa5 time lo pul a plaN inlo action. I had been thinking lor a while about taking on a big challenge walk lo support thè Cènlre and seemed the ideal time. I began Iraining haffj lo lake on Ihe 129 miles of the Shropshire Way Stsuth¢rn Loop. The Idea behind the project was lo promole e new Shropshire Way Long Oislance Palh, raisè somè much-naod8d funds for the Centre ar*d take on an exciting personal chalenge. The d8ie was sèt lor Jurba 5th and the challenge was onl 129 rnlles non-stop in under 40 hour$- ¢outyJ il be dtsne? Wèll, I guess you know Ihe resl. Ihe challèn9e was completed, and although not quite wilhin the lime, and I found the arnounl of love lor the Centre Iwuly huThbbling. Whai me gn9 through the dark moments wag the support ol so many friends ol Ihe Cenlre The first picture atjove shows Charlès Edwards, our Chair. meeting me at the sumfftil of Titlerslone Clee Hill. Al this p1. I had been through my second consecutive night without sleep, bul with only 16 miles 10 90 Irom there. I knew I could do il. The second picture was laken al Ihe finish, bul it fails to show Ihe 100 or so pp1a who had come oul lo support me- truly a grandstand finish. The evenl obviously captured your imagination with over 2QYJ donations to Ihe JuslGiving page lo18lling nearly £10K. The Money Is being usèd to help support the development of the meadows. My sinre thanks to everyone who supportèd me and donaied 10 the cause. Page 6
GROW COOK LEARN IA cornY IlMSt by guarant801 TRUSTEES. REPORT {CONTINUEOI FOR THE YEAR ENDED 31 MARCH 2021 A¢hl¢v•m¢nts and pertormaneè leontlnu•dl Other events In been lockdown5. we did marvJe to squ•èz• in a couple of fun events includirg the pèrènnially successful Apple Day, 8r8aklasi with Sanla. Frost Fair and a few of Stephanie's school holiday activities. Stephaniè made her 5umm8r and Christmas activities self.led wilh enhanced social distsncing rneasures In placè. Thèsè weie often rurn with restricted numbèrs bul nonetheless. offered Ihose who felt cornfortable tts d¢ w. the charnce lo get out and rning18 with othèrs. Event income was very much reduced. Volunl¢erin9. Our organised volunleering grt)UPS. the Onny M8ados Group and Flabitat Helpers. also stopped for most ol thè year, but som8 aciivilits cairied on In spile ol the lo¢k%Jown wilh volunteers working eilh8r alone or In Ih•ir household bubbles Jenny and Andy COpIe1& thè iesloralion ol the withy beds and an eM19rtsiv* litter piek was carried out In every lorgtslten corner ol the Site. If you haven't been down lo our withies recenlly, w8 suggest you lake a look There is a pe¥¢¢lyl gardan ar•a which is a great place to see woodpeckèrs and ènjoy the tranquillily of the pollard8d willow trèes We also ¢oniinued to wa9tr wgr on our okj lo&. lh• invasive Hlrnalay Balsam. Staff N•w$ First some sad news. As I'm sure many ol you know. our much loved and hardWorkg Groundsman, Dovo Jones, was taken ill at Ihe héight ol Ihe pandemic and sadly passed away after a short illness. Dave had worked at the Cenlrtr lor over six years and was a well-known figure. AlayS willing lo help and with an ability lo fix pretty much anything. Dave is vÈry m[h miss8d by all his CO& workers and rnany of roguiar visil¢rs with whom h8 regularly shared thè nèws ol the (Jay. RIP Dave. The decision was takèn, lolknving Dave's passmg. to hire a Meadows Ran9er. ¢harged with tsking forward our Conservalion work, in¢reasing Iha Scope ol our vdunteering and ensuriThJ our grovnds werè 8ttractiv8 and ccessible lo all. We were delighted to have appoinled lan Chee5et¥)rough who has a w8allh ol èxperience in conservalion management, having worked with Shropshire Wildlife Trust. Field Studies Council and N311tinal Trust. He is also Ihe County Recorder for bees and wasps and an experl on dragonfiS His prioritles are the iestoralion ol our Ir3diliollal hay meadows ènd to begm a systernaiic programme of coppicing in our woodland areas. Wè wèlcome lan lo Ihe team. T•nur8 N•gotiations. Longstanding members will be aware Ihal. needing lon9-terrn tenure to secure the necessary funding to launch our Outstanding Nalural Projecl, Connexus. our laThYlords. were approached al the ènd of 2019 with a request for a new lease. Page 7
GROW COOK LEARN IA company limlt•d by gu¥ant••l TRUS7EES' REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 A¢hlovem•nts •nd performanee leonilnuodl Two years later, wilhoul goin9 inlo too much d81[. w• find cwjrselves fmally in a position where we are getting towards a deal. Grow Cijok Learn hopes lo have the oppodunity lo lake over the Freehold of Ihe Discov8ry Centre via an asset transler and ihe Leasehold ol Ihe Onny Meadows on a 99-year lease with a p8pp8rcorn rent Although wè would have praferred the sile not lo have been split. this was the only deal 89reeable to all partios, 11 will allow us the security we need lo apY low funding lo deliver our Oulstanding Natural Project and to secura our futur8. The Trusleès are asking you to vole on a Special Resolution lo approve this deal al the AGM and you are urgèd to support it. And Flnolly I would like Its Ih8nk y¢y all for takin9 lim• to read Ihis. I ho you WAI como Io OUT AGM which we try lo mak8 a$ inl8re51in9 and enjoyablè lor you. with some tasty food a drink on offw. l arn keen to dgvglgp thal seTrse ol community wilhtsi our Members and l encourage you to conla¢i mo wllh ony suggestions you hava. I woul(J welcome In particular. an article Irom the point ol view of our Mgrnbers for Inclusion irn our monthly newsletter. Similady. il have any Interesting wikllile 51ghlin9s or pictures ol the maadows that you would like lo share. we would k)ve lo see Ihern. l olso gncourag you its comtt 1¢ $om ot thé events and courses we offer or even to volunteer with us. I leav# with a lew Images encapsulabng why we are here and why ¢his pl8¢e is $0 spetyal to u$. Lét's all keep Grtswing, Cookin9, Learnir@. Grant Wlls¢Tr. C•ntr• Manager Pago 8
GROW COOK LEARN IA cornpany Ilmlt•d by guaranto•} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR EMDED 31 MARCH 2021 Aehlévèm•nts and p•rfomianco l¢ontSnuedl Page 9
GROW COOK LEARN IA cornpany 1lrnlt ty gu¥ants•l TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 A¢hl•v•m•nts and perfornan l¢ontlnu¢dl Page 10
GROW COOK LEARN IA company Ilmlted by guarant8e} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Achiev¢m•nts •nd perfofftant• leontlnu•d) I: Page11
GROW COOK LEARN IA compwy IIMlt•d by gurant•èl TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 31 MARCH 2021 Flnanclal revl•w a. Golng concern Although the charity achievin9 Vlrtual break-8ven again in 2020121 la trading deh¢it of £653 on a tumover of n88r1y £313.0001 was achieved mostly as a consequence ol the Government support provided to 8nt8rprlses which were required lo close for Coronavirus pand8mic rèasons lor much of the year. il was nonelhele5S an achievement in this unusual year. It also means thal we have now have Ihfee year5 behind us wh8n wè have rèquirad no operatin9 subsidy. Since yearvend 2021122 ow financial p•rformanc• has beerb ahead of our budget. which Is lor a small operaling surplus in 2021122. Since the 2020121 yearnd, there weve developmtrnts regarding our security of tenurè which eould hove affected our going concern slatU5. which has been dependent vpon our landlords Connexu5 ng1 ralling in thè £250,000 loan which thèy advancaij is in 2014115. Our lease of the si¢e from Connexu5 Is duè lo axplre in 2023 and we ini1181ty requested a writing off of Ihe ban and a long term lease exten510n, and subsequently lor the freehold lo be transferred lo Grow Cook Leam after Connexus oHered that kY155ibility. The pr8c•ding freeholder Shropshire Council retained the first relusal on any assel disposal by Cornnexus and difficulties were encountered negOtialin9 a solution saiisfaclory lo the local wlhori11o$ lincluding Craven Arms Town Council), Corinexus and Grow Cook Learn. All parties are now onduain9 negotiations on arn arrarngernenl whoreby Grow Cook Leam will.. il acquire th8 Discovèry Cèntre builth'ng for nil value ill not b& requif•d lo répay the loan illl aceept a charge of £250,0(10 against Ihe building iv) enter into a 99-year lease at peppercom rgnl wilh Cran Am)s Town Council for the Meadows all8¢hed lo the building Tha Trustees resolved at Iheir 80or(l rntreting ol Septembar 30th 2021 thal this oulcome would eHt¢liv* remove the threal lo our goiro concem slatus. So the Truslees have a reasonable èxpeciation that (he Charily has adequate résources to continue in operatlonal exislence for Ihe lorèsèeablè futurè. For this reascm). Ihey conD'nue to adopt th? golllg concèrn basls in preparing the finantial statements. b. R•$erve$ poll¢y In the long term the Charity aims to build reserves to meet th months Tvnning costs although as 01311312021 there wcr¢ negative fund5 01 £227.71212020. £222.7171. This Is mainly due lo an oulslanding loan of £250,000 from Connexus Housing Group to finance the Iransition frorn Shrop5hire Council ownership In the lirsl few years after 2014. The Trustee5 are in advanced discussions wilh Connexu5 and is confidènt Ihal the loan will cease to be repayable as an oulslanthrKJ liability during 2021122. or shortly after. The free reserves figure is the unreslri¢led funds arKJ represents the funds available for use by Ihe Charity. Th8 fre6 reserves at year end were at a deficit of £260.08312020". (kficit of £259.4301. Page12
GROW COOK LEARN IA company Ilmll•d by guarant••l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Structure. govornanc• and management o. Conslltutlon Th8 chanlable company is conskntuled under ils Articles ol Association. dated 30 October 2013 and is a registered charity. nurnber 115879$. 11 is registered as incorwraled in England and Wales. b. Mathods ol appoln¢mont or •l•ctlon of Trust¢•s Tho managern8nl ol the Charilable company * thg rgsponsibblity of the Trustees who aro gl•cl•d and COvOPted under the terms tsf ihe Articles ol Association Prospeclive Trust8es are made aware of Ihe aims and acliviiias of the Charity before their appointm8nt, Where spe¢ifi¢ ¢Jvtis ar• r•quired ol Ihe Trusiètrs, lh¢ Charity looks lo appoint people with the appropriate skills and experience. . Pollcl•s adop¢•d for thg Inducllon and tralnlng of T$¢$ Lead role5 are agreed lor each Irustee d. Organlsatlonal struclur• and d•clslon4naklng poll¢l The DirecloT5 practice their due diligence by 5eekin9 assurances Irom fellow Oir¢¢lors, Managers and staff that the organisalion Is being operated eff8clivèly. ai Board Meelings arKJ Ihrw9h various SUbroUps. Re¢ord$ >r¢ kept ol thes8 rn8&1ings and of decisions made. •. Flnanclal rlsk man4mont The Tru5tegs havè assessed Ihe major risks to which the charilable cornpany is txposed. In particular, those related lo thè operations and finances of the charilable company and Jre Salisfied Ihal systems and procedures are ill place to migate Ouf exposure lo Ihe major nsks. The is a S-year plan lor the charity lor 2018119 10 2022123 which Incorporates an updaled Risk Re9isiéf considered and apwoved by the Board ol Trustees. Plans for future period¥ The charity will prèss ahead with raising capilal funds lor the Outstanding Natural project whilst mainlainirig tsur operational èffectsveness a1 reorienting our aetivr(i•s as appropriale to a post-pand&mic future. Page13
GROW COOK LEARN IA Company Ilmlted by 9Uarnnt1 TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOED 31 MARCH 2021 Statem•nt of Tffustse$' fwsponsiblllll¢$ The Trustees Iwho are also the directors of the charitab company for the purposes of cornpany lawl ar8 responsible for preparing the Trustees. foport and the financial staternefils in accordance with applicable law and Unlted Kingdom Accounts'ng Siandards (United Kingdorn Generally Accepted Accounting Practice). Company law requires the Trvstee5 to wepare finanaal statements for each fmanual year. Under company law. th8 Trustees must not appfove the financial slalemenls unless Ihey arè satisfied that they give a true and fair view of Ihe sialè ol alfairs of the Charitabk company and of sls incom9 resources and 3pplicaiion ol resources. includiw ils income and exp8ndiiur8, that period. In preparing ihèse financial staiem8111s. the Trustees are required to.. select su¢lable aCCOUnling policies and Ihen apply Ihèrn consislenlly.. observe thè methods and principle5 of lh8 Charities SORP IFRS 1021. make judgments and acrA>unling 891imales Ihat are reas¢nabl¢ and prudent., slate whelher applicab UK Accovntirg Slandards IFRS 1021 have been followed, subject lo any rnal8rial departures disclosed and explain1 in the financial slalemenls". prepare the financial sialèmenls on ihe 90in9 concern ba51s unless it is inappropnat8 to presume th81 the Charilable company wll conlinue In business. The Trustsos are responsible for kèèping adeqvale accounting recor<Js thal are suifici8nl lo show and explain the Charitable company's Iran$aciioThs an¢J disclose with feasonabl accuracy at any limè ihe financial posiliorn ol the Charitable cornpany and enable them to ensure Ihat thè financial slatemenls comply with the Companies Act 2006. They are also respon51bl• lor saleguarding the asseis ol the Charilable company and hence for taking reasonable steps lor the pievention and detec.0 ol Iraud and other irregul8fil$. Approved by order ol the members of Ihe board of Trustees c and signed ¢n their b8hall by., LOA( Mr C P EdwJrds Ichair ol Trusteosl Page 14
GROW COOK LEARN IA company Ilmll•d ty guarantsèl INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021 Ind•pendent Examiner's Report to the Trusteès ol Grow Cook Leam I'the Charitable company'l I report lo the charity Trvslees on my examination of the accounts ol thè Charitable company for the year ended 31 March 2021. R•spon$ibililies and B¥sis gt Report As the TrustÈ8s ol the Chafilable company land its directors f¢y the pur$$ ol company lawl you are responsible lor the preparation of Ihe accounts in accordance with the requifèmenls ol the Companies Act 2006 I'lhe 2006 Act'i. Having satisfied myself Ihal Ihe accounts ol the Chairtable company are not iequired lo be audiled und*r Part 16 of Ihe 2006 Act and are eligible lor indep8ndenl 8xaminalion. I report in respecl of my examination ol the Charitable company's accounts cariied oul seclion 145 01 the Charities Act 2011 I'the 2011 Act'l. In carying out my examination I have Idlow8d lh• Diréciions given by the Charity Commission under $e¢lion 14515llbl ol Ihe 2011 Act. Page 15
GROW COOK LEARN IA company ¥mlt•d by guarant•81 IlEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Independent Examlnerfs Statement SSnce thè Charitablè cornpanls 0$$ income exceeded £250.000 your examiner must be a member of a bcdy Iisled in section 145 of the 2011 Act. I confirm thal l a qUalifd to undertake the &xaminaliDn because l arn member ol18nler tM)dy here). which is onè ol the listed bod. I have completed my examination I confirm Ihal no malters have corne lo my attèntion In connèction wlth tha examination giving me cause lo bglie¥e. accouniiA9 records were Th)t kept in respect ol Ihe Charilable company as required by section 386 of th9 2006 Att". or the accounts clo nol attord wilh Ihtss¢ re¢ords.' Of th8 accounis (Jo nol comply with Ihe accounling requiremonls ol soction 396 of the 2006 Act othef than any raquirèmenl Ihal the accounts give a 'true and lair, view which is not a matter considered as part ol an independenl eXaMina.0ft.. the accounls have nol been prepared In accordancè wlh Ihè mèthods and principles ol the Statemenl ol Recommended Pra¢ti¢t lor accountsng and reporting by chanliès lapplicab18 lo charlli8s preparing Ih•ir account5 in accordance wilh Ihe FinanrJal Reportsng SlaThYard 8pplleabk8 In the UK and Republic of Ireland IFRS 10211. I have no concern5 and have come across rK) o¢her maiiars in conn•ciK)n with the examination lo which attenlion should be drawn in Ihis rgport in ord&r to ènablè a propaf urmlèrslanding ol the accounts lo be reached. This report is made solety lo Ihe Charitable company's Truslees. as a body. in accordance with Parl 4 01 thè Charilies (Accounts and Reports) Regulations 2008 My wk has been uThdertaken $0 that I might slatè io the Charilable company's Trustees Ihose matler5 1 arn required ¢0 state to them in an Indep8nd8nl examinèr's rèport and lor no other purpose. To the lullest extent permitted by law. l (h) noi accèpt or assume responsibility to anyorne other than the Charitable company and the Charitable MpanY'S Trustees as a body, ftsr my rk or lor this report. sned". Dated.. 04101r2022 Tim Lunt BA FCCA MIRPM WR Partners Chartered Accountants Belmont House Shrwsbury Business Park Shrewsbury SY2 6LG Pa9è 16
GROW COOK LEARN IA company Ilmlied by guarant••l STATEMENT OF FINANCI ACTIVITIES (INCORPORATING IMCOME A14D EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AIARCH 2021 Unr•strictd fvjnds 2021 Rstrl¢ttd funds 2021 Total funds 2021 Tolal funds 2020 Note Income from.. Donations and legacies Charitable aclivils 160.$26 151.802 160.527 151.802 34.696 471, 18S T•tal Ineomè 312.328 312,329 505.887 Exp•ndltur• on.. Charilable aclivrtK8S 312.911 4,342 317,323 522.461 Total ?xp?ndllur• 312.981 4,342 317.323 522,461 N•t movernenl In lundi 16531 14.3411 14.9941 (16,58Q? R•¢onGlllatlon ol lundo: Toial funds broughl lomard Nel movement in funds 12S9.4301 16531 36,712 14,341} 1222,7181 14,9941 (206. 138) (16,580) Total funds carrl•d fop•rd 1260,0831 32.371 1227.7121 {222,7t81 The Slalemenl ol Financial Activilies includas all gains and loss*s r8cognised In thè year. The notes on pages 19 (0 29 form part of these fina[Kl s1mnIs. Page 17
GROW COOK LEARN IA company Ilfflltod by guarant••l REGISTERED NUAIBER: 08755152 BALANCE SHEET AS AT 31 MARCH 2021 2Q21 2020 Note Current a85ets stocks Dtblors Cash al bank and in hand 10 24,731 1.935 45.128 30.615 2.338 53.905 71,794 86.858 Creditors.. amounts lalling due within ¢M year 12 149.$061 (59.5761 N•t curr•nl as••t$ 22,288 27,282 Total a•¥?¢s l?¥J curr•nt li4billti•s 22,288 27.282 Creditors. amounts flling dytr •ft¢r mofe Ihan one year 13 12SQ.0001 (250,OOQ) Total n•t ass•ts 1227.7121 (222. 718) Charbly lund¥ RestriGl¢d funds Vniestricled funds 15 15 32.371 1260.0631 36, 712 (259,430) Total funds 1227.7121 {222, 7181 The Charitable company was enlilled lo exernption from audil under seclM)n 477 01 the Companies Act 2006. The members have [t reouireil the CAxnpar)y lo obtain an audil for the year In queslion in accordance wilh section 476 01 Companiès Acl 2006. The Trustees acknowlèdgè thèir rèswnsibilitiès loi ¢omplyiThJ wilh Ihe qUIrementS of Ihe kt with rèspÈci lo accounting records and preparation of financial slalemenls. The financial slalemenls have been pe in accor¢Jance wilh the provisions applicable to en(1ti85 Subject to the small companies fegime. The financial stattmènts were approved an4J aul)se lor issue by the Trustees on on their behaw by". nd signed Mr C P Edwards Ichair ol Trusleesl The notes on pages 19 tD 29 lorm part of Ihese ljnancial 51alernent5 Page 18
GROW COOK LEARN IA company Ilmli•d by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 General infomiation Grow, Cook L8am is a charitable cowny. limited by guarantee and COrprated in England and WaSe5. Thè mèmbars ol the charity are the tiustees named on page l of these accounts. In Iha 8v8ni (>f th8 charilable company bEing wound up. the lobility in respecl of Ihe guarantee is Iimiled lo £1 per mernber of Ihè charitablè company. Accountlng pollcl•s 2.1 Basis of preparatlon of financi•l •lJt¢mgnt¥ The financial 51alements have been prepared in accordanc• with the Chaiilies SORP IFRS 1021 Accounting and Reporting by Chariliès" Staiom8ni d R8commen¢Yed Praclice applicable to charities preparin9 their accounls In accordance with the Financial Reporting Slandard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive l January 20191. Ih• Financial Reporting Slandard ppIIc8ble in Ihe UK Rèpubl of Ireland IFRS 1021 and the Companies Acl 2006 Grow C¢xsk L¥am m&els the d•f¥)itn of a public benefit enlty under FRS 102. Ass8¢5 and liabilits¢$ are inilialty recognised 8t hi51orKal cost or lonsaclion value unless otherwise slated in the relevant 8ccouniin9 poII¢y. 2.2 Income All in¢orn 1$ r¢¢ognisèd once the Chafitable cornpany has entillernenl lo the incorne. il 15 probabl¥ Ihal the incom• wlll bè iecèived and Ihe amount of income c•¥able can be rnttasured reliabty. Grants are incbjded in the Ststement of financial aclivilEs on a receivable basis. The balance ol sncomè rècewed for specific puiwses but nol expended during the peri¢d 15 shown In th¢ r¢lcvanl funds on the 8alènce sheel whe income is CeIVed in advance of entillernenl ol receipt, its recognilion Is deferred and included in creditors as del8rred income. Where 8nlill8mènt oceurs before incomè is iceived, the income is accrued. 2.3 Exp•ndltur• Expendilure Is recognised once there is a legal or conslruclive obligation lo transfer economic banefil lo a thiid party. it is probable Ihal a transfer of economic benefits will be required in settlement and Ihts amount ol the obligation can be measured lIablY. Expendilure is classified by activity. The cos15 of each activity are made up of Ihe lotal ol direc¢ costs and shared costs. induding SUPPOrt costs invofved irl undertaking each activity. Direct costs allribulable lo a single activily are allocated diieclly lo that activity. Shared costs which conlribute lo me Ihw) one aclivity and 5UPPQrt costs which are not attribuiable lo a single activity are apporlioned between Ihose activilies on a basis consistent with the use ol resources. Central staff cosls a allated on Ihe basis of timè spènt. and dapTaciation charge5 all<Kaled on Ihè porticv) ol the asset's use. Expenditure on charitable actiwties is incurred di¢11Y undertaking the activili8s which furthei Ihe Charitable companys obJe¢lNes. as well as any associaled support costs. All expenditure is Ilu&Ve ol irrecoverable VAT. 2.4 Govemment grants Government grant5 are r8cognised on receipt of the inrne. Page 19
GROW COOK LEARN {A coMY Ilm#ad by guxantae) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcl•s {¢o•)tinuedl 2.5 Stocks Slocks are valued al Ihe lower ol cosl and nel reahsable value after making due allowancè lor obs(Ale 3n¢J slow-moving stocks. Cosl includes all direct costs and an appropriate proportion tsl fix8¢J •niJ variable overheads. 2.6 0•btor8 Tradè and othèr debtors are recognised at the Settrnent arnount 3ft¢r any trade di$¢oynt offefad. Prepayments are valued at ¢he amounl prepaid nel of any Irade discounls duè. 2.7 Cash at ban and in hand Cash al bank and In hand Includas cash and short-lèrm highly liquid Investmen¢s with a short maturity of three rnonlhs or less from Ih? daitr tsl a¢quisi1N or owning ol tha dewsil or similar account. 2.8 Llabllltl•• Jnql provis•on8 Liabiliti8s are reco9nised when Ihwe is an obligalKin al th• Balanca sheet date as a result of a past event. il is probable that a Iransler ol economic bénefil w1 be required in seluemenl, and the arnounl ol lh¢ S¢ttl¥menl can b¥ ¢$lim8ted i¢liably. Liabiliti8s ar8 rècognis8(J al the amounl thal the Chanlable ¢panY anlicipates It will pay lo settle th¢ debl or Iht arnount it has ftCthV6d as advanced payments lor the gc¥)ds or 5ervieès il mu$1 provid•. Provisions ar• measured at the best estimale ol Ihe arnounls réquired to sèlllè Ihe obligalion. Where (he 8ffecl ol th8 timè value of money is material. Ihe provision is based on the pre$¢nl value ol those amounts. discounted al the pre4ax ¢Jiscouni rale that renecls the risks specific lo the liability. Tha unwinding of Ihe discounl is recogn in the Staternenl of financial activities as a finance cost. 2.9 Flnanclal Instruments The Charitable company only has finanGial assets and financial liabilities ol a kind that qualify as basic financial instrurnenls. Basic financial Insirumènts aré initialfy recognised at Iransaclton value an# subseqvently measured at iheir s8lllemenl value wth Ihe exception ol bank loans which are subsequently measured at amortised cost U9 lh8 effecuve intèrest melhod. 2.10 P•nslons The Charitable cornpany operates a dèfined contnbulion pensi scheme and the pension charge represents Ihe amount5 paYle by the Charilable company to the fund in respect of the year. Page 20
GROW COOK LEARN IA company Ilrnlted by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Aeeounting pollcl•s lcontlnuedl 2.11 Fund accounting Gen8ral funds are unrestricted funds which are available lor use al the discretion ol the Truslees in furtherance ol Ihe general obieciivès ol the Charitable company and which have not been designated for othèr purposes. Reslricted funds are fund5 which are lo bè us8d in accordancè with specific rèslriclions imposed by donors or which have l)een raised by Ihe Charitable company lor paCUlar purposes. The costs ol raising and admini5te¥ing such lunds are char9ed against the specific lund. The aim and use ol each r*slrnci6d fund Is sèl oul in thè noi•s to thè financial staiem•nts. Incorne from donations and lègael•s Unr•strlct•d R•strlcted lunds funds 2021 2021 Total funds 2021 Total lunds 2020 Donalions Grants 21.360 13.426 125,740 21,360 13,427 12S,740 15,5Ql 19,795 Government gr8nts 160.526 160.S27 34,696 Total 2020 13.038 21.658 34,696 Page21
GROW CIXIK LEARN (A Conyxny Ilmltad by gvarantsè) NOTES TO THE FIMANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2021 Income from charltsbh a¢tiviti?$ Unre$trlcted lunds 2021 R•5trictod lunds 2021 Total lunds 2021 Tolal lunds 2020 Cafe Retail Exhibition Other Education Gallery Room Hire 88,423 45.708 5,119 4.074 88,423 45,708 5.119 4.074 2.294 2.407 3,177 289.368 122.982 20.060 9,287 17,088 4,938 7.468 2.407 3.777 151.802 151,802 471, 185 Total 2020 467.380 3,8L15 471, 185 Anatysls of •xp•Trthtur• on ¢harlt•blo a¢ll¥ltl•$ Summary by lund lypt Unr•strkl•d Res¢rl¢led funds funds 2021 2021 Total funds 2021 Total funds 2020 Direcl and Support ¢osls 312.981 4,342 317,323 522,461 Tolal 2020 516. 128 6.333 522.461 Page 22
GROW COOK LEARN IA comyny Ilrntt•d by guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysls of expendlture by activi¢i•s Acti¥ill•s undertaken dir•dly 2021 Support eosts 2021 Total funds 2021 Total funds 2020 D*act and Supporl cosls 257.915 59.408 317,323 522,461 Total 2020 416.619 105.842 522,461 Analysis of dir•cl ¢ost$ Total funds 2021 rolal funds 2020 cafe 2021 $18ff costs DIscov8ry aclivilies Marketing and exhibils Gallery ¢tS School visits Food and drink Exhibition costs Books and maps Olhef relail 195.982 19S.982 115 249.313 266 14.976 2.061 14,976 2.061 19.264 4,057 308 76,389 695 22,722 185 8,214 13,655 22.722 185 8,214 13,655 23,475 42.852 2S7,915 257,915 416,619 Tolal 2020 416,619 416.619 Page 23
GROW COOK LEARN IA CoMpY Ilrnltad by guaranteol NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysos ol •XpendIbJ by actlvltles lconlinwedl Analysls ol Support costs Tot•1 fundg 2021 Tol81 lunds 2Q20 Caf• 2021 Moltsr expanses Staff Iraining Project exp8ndilurè Bank chafges Sundry exp$nsè$ Legal lees Other employ88 COs1s Cale equipmenl rentsl Rates Heal and light Cl$aning an(J laundry Prints'ng, poslage and $tslion¢ry Telephong Property mainlenance Insurance HR, payroll and IT sèrvic•• Governance costs (68) 2,077 1,484 5,656 13,083 23 1,046 2,467 2,007 27,553 6.2T2 4.089 1,553 15.667 432 432 2,208 2,208 so 275 3,413 3.818 13,614 4,101 1.719 275 3,413 3,818 13,614 4,101 1.719 7.153 3,276 16,667 2.682 7,153 3.176 16,687 2.682 20.000 3,945 59,408 59,408 105,842 Total 2020 105,842 105.842 Indopèndont èxamin•r's r•mun•ratlon The independenl exane(.$ remyneralion ami)vnts lo an independent examiner lee of £1,55012Q20 - El, 155) P3g8 24
GROW COOK LEARN IA Company Ilmliod by guaranto81 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Staff e¢)sts 2021 2020 Wages and salaries Social sÈcurrty costs Contribution to defined contributs'on pension sthemÈs 190.008 2.818 3,156 233.006 9.894 6.414 195.982 249.374 The average nurnb¢r tsf persons trmpltyed by the Charitablè company duriThJ the year w85 as lollows.. 2021 No. 2020 No. Employggs 30 No employèe rtteived remuneration amounting lo rn0 than £60.000 in eilhw y¢ar. Tru$io¢s' rèmunèiatlon 8nd •xp•n$e$ During th¢ year, no Trusl&es rèceived any remun8raUon or olhef benefits (2020- £NIL). Duriry the year ended 31 March 2021. no Trustee expenses have been incurred (2020- £NILI. 10. Stocks 2021 2020 Raw malerials and consvmable5 24,731 30,615 11. Debtors 2021 2020 Due within one year Tfade debtors 1,289 646 1.679 659 Prepaymenls and aCced income 1,935 2,338 Page 25
GROW COOK LEARN IA eompany Ilmlt•d ty gu¥ant••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2021 12. Cr•dltor$'. Amounts falling due wlthln one ye•r 2021 2020 Trade creditors Other laxalion and social security Pension fund 108n payablè Other creditors Ac¢ru81s and del¢rr In¢ome 6.570 14.441 309 12,349 15.837 1.477 18,723 23 19.583 19.770 49.506 59,516 13. Creditorn.. Amounts lalllng du• aftèr more than one y•av 2021 2020 L08ns 250.000 250,000 Infonn81ion relaling to Ihe loan can be found in 'Going Conwn, section within the Trusi¢e Report. 14. Flnancljl Instruments 2021 2020 Flnan¢lal ass•¢s Financial assèts measured al lair value thfough income and expenditure 45,128 S3,905 Page 26
GROW COOK LEARN IA company Ilmlted by 9u#rante•} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 15. Stat•rn•nt of funds Stat•m•nt of fund$ - curr•nt y•ar Balance at 31 March 2021 Balance at 1 April 202 Ineom• Exp•ndltur• Unrèstrletèd funds General Funds- an furvJ5 12S9,43QI 312,328 1312.9811 1260,0831 R•slrlct?d fund$ Girls Group Income 16117 projecl Town Council grant Caffyn Trust 80K Walk Bonfire night Youth Volunleer Programme Green Te¥rn Projg¢t 4,S01 1,082 3,676 16.195 3.113 4.672 3.473 4,502 1,082 3.676 13,521 3,113 4,672 1.805 12,6741 11.6681 36.712 14,3421 32,371 Total of funds 1222.7181 312.329 1317,3231 1227,7121 Page 27
GROW COOK LEARN (A ¢(xnpany Ilmlt•d by guarant8el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 15. Statement of funds Icontinuedl Statement of funds- prior y¢ar Balance al 31 March 2020 8alance al Y Aprjl 2019 Income Expenditu Unr•strlcl•d funds General Funds- all luThJs 1223.6321 480.419 1516. 128) 1259,4291 R•strlct•d lunds Girfs Group Income 16117 project Town Council Grant Caffyn Trusl 80k Walk Bonfire nighl Youth Volunl••r Programrn• Green Tèam Projecl L.E.A.O.E.R 2.557 541 1.838 9.024 2,623 541 (679) 4.501 l.Q82 3,676 16,195 3,113 4,672 3,473 1.838 8.363 5.758 2.534 (1, 192? (2,645) (396? 1333) (1.088) 2.534 3,806 16.494 25.463 {6.333) 36, 712 Total of lunds (206, 138J 5,882 (522,461) (222, 7771 Page 28
GROW COOK LEARN (A cornpany Ilmlt8d by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Anaty5i5 of net assets between filnds Anatysis tst net a$sèt$ bètw••n fvnds - ¢uY¥•nt y•ar Unr•$trlct•d Restrlcted lunds lunds 2021 2021 Total funds 2021 Curr*nt a$ts Crtdilors due within one year Cr¢diitsrs du¢ In mor¢ than on• ar 39.423 149.5061 1250.0001 32,371 71.794 149,5061 1250,0001 Tot•1 1260.0831 32.371 1227,7121 Analysls ol not assots beh¥e•n funds - prlor y•4r Unr8slitled luids 20 R&slri¢l lunds 2020 funds 2020 Curr¢ni assets Cfeditors due within one yeai Creditors due in more Ihan one year 50. 746 (59.576) f250.000) 36.712 86,858 159,576) (250.QOO) Total (259.430) 36. T13 (222, 7181 17. Pension ¢ommi¢mont$ 'The gioup operates a defined conlnbulion pensron scheme. The as5els of Ihe scheme are held separately from those ol the group in an independently adtninislered fund. The pension cost charge represenls contributions payable by thè charitable company to the fund and amounled lo £3,15312020 £6.4141. Conlribulions totalling £30912020- £231 were payable to the fijnd 81 the balance sheet dalè and are Includ8d In credilors." 18. Related party transaetions The directois conlim there are no relaled party iransactsons to disclose12020 £nill Page 29