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?￿nd￿nt 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 num￿1 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 FOreW￿d 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 enterpri￿5 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 Outstar￿1￿9 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, pa￿CUl￿ty amon9 un8mpksyed people. and providing unemployed pèople wilh work eXper￿nce.. 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 a￿a'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 re￿lionship 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 r*soure8 for visitors arnd bcal reskdenls. This Operal￿n was repeatedly 51g11gd 4rtd ¢on$tr8ined by government m•aS￿reS owing lo the Coronavirus pandemic. Specifically, th8 rna￿ aclivilies of Glow Cook Learn in 2020121 WOfO'. Running the calé Running the shop ainlainin9 Ihe Exhib41itsn Provi¢Jing school visits when possible Running a very lirnited programrnè of Evènts Recruiting and keeping Mernbeis. Mainlaining and improving Ihe meadows Pagè 4 GROW COOK LEARN {A eornpany Ilmltsd by guar#nt•81 TRUSTEES. REPORT ICONTINUED FOR THE YEAR ENDED 31 MARCH 2021 hievem¢nt$ 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 prOV￿e￿ 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 sUppl￿rS 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 in*ehveen 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 $laff. Trusiees and voluniè8rs 10 help out in ￿Ichever way Ihey could and extend a big Ihank you lo everyone who played their part. We are pleased that the lurlough s¢heme SUPFKTrrted our slaff who Subsequently return8d lo their roles and stayèd wilh us through the highs and lows ol the year. As our Management accounls show. we managed to cover our operatin9 cosls for Ihe year This means thal we have now operated wilhoul subsidy for four full years Once in receipt of our final audited accounts, wè will know thè precise outturn and will ￿(K)n vethllyon this al the AGM. Page 5 GROW COOK LEARN {A company Ilmit•d by guarant••) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 31 MARCH 2021 A¢hS•v•menls •Nd p•rl0rn￿nce Icontlnu8d} Mombfjrshi Although our M8mb4rs warè unable to lake lun adv3nlage of their Membership. we were delighted that so many electèd nol 10 lèt Il lapse. Al a time when we needed Membership Income rnorè than èv8r. we thank you lor sticking with us. Membership numb8rs remained stsble Ihroughoul Ihis poriod, although they have grown 5ubslanlially since the restart. so welcome lo all the new Member51 Gr4nt's 200km non4top ¢hall•ng• With Ihe Ctntre ck)sed and wilh time on my hands whilst furbughed. rt wa5 time lo pul a plaN inlo action. I had been thinking lor a while about taking on a big challenge walk lo support thè Cènlre and seemed the ideal time. I began Iraining haffj lo lake on Ihe 129 miles of the Shropshire Way Stsuth¢rn Loop. The Idea behind the project was lo promole ￿e new Shropshire Way Long Oislance Palh, raisè somè much-naod8d funds for the Centre ar*d take on an exciting personal chalenge. The d8ie was sèt lor Jurba 5th and the challenge was onl 129 rnlles non-stop in under 40 hour$- ¢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 g￿n9 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 p￿￿1. 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 p￿p1a 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 sin￿re thanks to everyone who supportèd me and donaied 10 the cause. Page 6 GROW COOK LEARN IA corn￿Y 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 be￿e￿n lockdown5. we did marvJe to squ•èz• in a couple of fun events includir*g 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 M8ado*s 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 CO￿pIe1&￿ 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 hardWork￿g 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. A￿layS 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 dragonfi￿S 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 d￿81[. 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 ap￿Y 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 gu*rant•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 year*nd, 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 Cra￿n 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$. 11 is registered as incorwraled in England and Wales. b. Mathods ol appoln¢mont or •l•ctlon of Trust¢•s Tho managern8nl ol the Charilable company * thg rgsponsibblity of the Trustees who aro gl•cl•d and COvOPted under the terms tsf ihe Articles ol Association Prospeclive Trust8es are made aware of Ihe aims and acliviiias of the Charity before their appointm8nt, Where spe¢ifi¢ ¢Jvti*s ar• r•quired ol Ihe Trusiètrs, lh¢ Charity looks lo appoint people with the appropriate skills and experience. . Pollcl•s adop¢•d for thg Inducllon and tralnlng of T￿$¢￿$ 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 SUb￿roUps. Re¢ord$ >r¢ kept ol thes8 rn8&1ings and of decisions made. •. Flnanclal rlsk man4*mont 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 mi￿gate 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 a￿1 reorienting our aetivr(i•s as appropriale to a post-pand&mic future. Page13 GROW COOK LEARN IA Company Ilmlted by 9Uarnnt￿1 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 incom￿9 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 explain￿1 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 recorf 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¥)it￿n 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 i*ceived, 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 m￿e 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￿ all￿ated on Ihe basis of timè spènt. and dapTaciation charge5 all