Reglst¢red numbgr: 08766162 Charlty number. 1158796 GROW COOK LEARN UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ¥'Y i& WR Partners Protecting your future.
GROW COOK LEARN (A conyany Ilmhad by guar•nt••) CONTENTS Page R•f•r•n¢o and admlnlstrallve d•tall• of th• Charft•bl• Company* tt• Tru•toa• and advlMr• Chalrf• •latam•nt Tru•t•••' r•port Ind•pondenQ •xamln•rf• rnport Statem•nt of flnanclal a¢llvltl•s 4-15 18-17 18 Baknn¢• •h••t 19-20 Slat•m•nt of c••h flow• 21 Nota• to th• flnanclal •tatsments 22-38 App•ndlx l- Th• S Y•ar Plan
GROW COOK LEARN (A company Ilmhod by guarants•l REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPAMY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Tru•tse• Isabelle Carter Peter Carty Rlchard Coleman, Vlce Chalr from 30 January 2025 (appolnted 28 Nov8mb8r 20241 Charfes E(h¥ards, Chalr to 28 November 2024 Irasigned 28 Novemb8r 2024) Helen Fairweather Clare Featherstone, Chair Irom 28 November 2024 (appoinled 8 August 2024) Lauren Hough (appointed 28 November 2024) Steve Kelby (appointed 8 August 2024) Laura Perratt Phlllp Sams (resigned 27 March 20251 Davld Warren Company r•gl•tor•d numb•r 08755152 Charfty r•gl•t•r•d number 1158795 Rogl*t•r¢d offl Shropshlre Hills Discovery Centr School Road Craven Arms Shropshire SY7 9RS Centr• Manag•r Grant Wilson ¢ountsnts WR Partn8rs Chartered Accounlants Belmont House Shrewsbury 8uslness Park Shrewsbury Shropshlre SY2 6LG Page 1
GROW COOK LEARN (A company Ilmtt•d by guirants•) CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 The chalr presents her Statement for the year. In November 2024, 1 wa8 è10(ed Chair of tha Grow Cook Laam Board of Tru81888 a8 the organ18allon moves Inlo a development phase for the DIwA)very Centre, lollowlng Its acquisltion in 2023. Durlng the AGM. Members were Invlted lo shafe th8lr perspectlves on Ihe 8tr8nglhs and areas for Imwovemenl at thè Sile. Their leedback Informed the dlrectlon of a n8w Strategy, which tho Truste88 dfafted at the start of 2025. The Strategy 8ets out our Mission, Vision and Strategic Aims for tho nexl Ilve years: Our mlssion- The Shropshir• Hllls Dlscovery Cantra Is the gateway to tha Shropshire Hills. Our mission Is lo Invlle you on a loumey ol dlscovery into the special land$cape of The Shropshlre Hlls, to experience its rich heritag6, promote regenerallon, develop the local economy, engage in ils beauty and onsure tt8 fijture for generatlons lo come. Our vlslon- In Itve years, tho Shropshire Hills Discovery Cenlre will be a thrlvlng hub. connecting people lo the rkh heritsge, land$cap88, food. and wlldllfe of Ihe ShropshSre Hllls. It will inspire people of all background8, abllNles and generatlons to discover. learn about, and protect the aroa'8 natural and cultural herllage. vthlle championing a fflore sustainable fulure. By 811PPOrting local buslne6888 and attractlng vl8ltOT8 noar and far. il will boosl the local economy, promote fegen8ratlon and foster wide in this unwue arKI special plaGe. Our 8trat8glc alms- Several strategic alm8 hav8 emerged a8 In8twmental lo the Successful development of Ihe Shropshlre Hllls Dlscovery Centre. Thelr implementatlon wlll be phased over the nexl fve years. Incfease leamlng and understanding of nalural and cuttural herltage for all Encourage Snvofvement in dimate adaplats'on and natur& racovèry Transform the visilor offor Foster communlty prfde Operate a8 a vlbrant, vlabla and welcomlng organisation. A¢hleving succe8$ful Implemenlation of the strategy will ne¢èssilato anhanced collaboratlon wlth partners. The Truslees have colleclively engaged in dis¢u88ions wilh both exlsllng and polential partners. including Shrop$hlre Cllmale Actlon. the Shrop5hire Hills Nallonal Landscape Team, and Worklng Together Ludlow. By the conclusion of the 2024r25 financlal year, we had acwrnpllsld the follow5ng'. Complellon of a draft stralegy, prepared for distribution lo partneis and Members. SIK consecullve years of operallng wlthln the tralnlng Income generated by the Dlscovery Contr•, wlth no addltlonal 8ub3idy required. Consislenlly strong performance from our dedicated staff team, led wilh expertlse by Centre Manager Grant Wilson. An ongaged group of volunteers contributlng to biodiversity and accebs enh8ncemenl8, and provldlng valuable support auos& education sessions. events, administration. maintenance. and front.of.house operatlons. Implemenlatlon ol a sucLessful programme ol school visits, events, and adlvltlO8. Continued davelopmenl of the we114egarded café and rotsil off8ring. Contlnued Improvements to Onny IAeadows. An expanding membershlp base. wlth over 450 Members curronlly supporting Iho Centr•. Recorded over 100.IXIO vlsils lo Ihè Centre, Page 2
GROW COOK LEARN (A company Ilmlt•d by guarantse) CHAIR'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 I would like to thank the staff, volunteers. Members and sItOrS to the Centre, and I look foThvard to helplng dollvar the planned developmenls over the next 5 years that will further enhance the enjoyment and experience for everyone Involved. Clare Clare Featherslone, Chair of Grow Cook Leam. Page 3
GROW COOK LEARN (A ¢ompany Ilmlted by guarnnt•o TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 202S The Trustees present thair annual report together wlth Ihe IFnan¢ial slatements of tha Charltable Company for Ihe year 1 Aprfl 2024 to 31 March 2025. The Annual report serves the puiposes of both a Trusteas, report and a directorg, report under Company law. The Trustees confirm that the Annual i¢port and financial statements of the charitable company comply with the current slatutory requirements. the requiiements of the charftable compan18 goveming document and the provl8lons of Ihe Stalement of Recommended Practice {SORP) appllcable to th8rltles preparlng Ih81r accounts in accordanc8 with the Financial Reporting Standard appllcable Sn Ihg UK and Republic ol Ifeland {FRS102) (effecllve 1 January 2019). Since the Charflable Company quallfies as small under Section 382 of the Cornpanies Aci 2008, the Stralegl report fequlred ol medlum and large companles under the Companles Act 2006 (Straleglc Report and Dlrectors, Report) Réoulatk)ns 2013 has been omitted. ObJactlvo8 And actlvltl•o a. Polklo• and obl•ctlv The Artides of Association dofine the Object8 of Grow Cook L•8rn a8 the promotlon for the public benefit of urban or rural regeneration in the Area of Benefit by all any of Ihe followlng means.. . The prot8dion or cnSerallOn of the 8nvironmenl: Thè advane•m•nl of edu¢atlon, tralnlng or retrahlng. partlcularly among unemployed people, and provldkng unemployed people wilh work experience., The creatlon of tralnlng and employment opportunitio9 by Iho provision of workspace, bulldlng$ andlor IAnd for use on favourable terms: . The malntenance, Improvemont or provlslon of public amenitie3: . The provlsion of recreational facilities for the public at large or those who by rean of thelr youth. age, llffirrnty or dlsablement. poverty or soclal and ec¢Jnomlc clTcurn3tanceB. have need of such lacililiej. • Such other means as may from Ilm8 to tlm8 be determlned subject to the prlor wrltten consent of the Charfty Cemmis8ion for England and Wale8. In settlng oblectlve8 and plannlng for activlties, the Trustees have given du8 consideration lo general guldance published by tha Chanty Commlssion relaling to wbllc bon8frt, Includlng the guldance 'Public benefit: running 8 charity (PB2)'. Pag8 4
GROW COOK LEARN IA company Ilmltod by guarant•o} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 ObJoGtlvM and actlvltlm (contlnuodl b. Maln aetlvltle• undertakon to lurthor the Charltable Company'• purpo808 for tho publlc bonofflt Pursuing its Objects and mission, the main adivity Df Grow Cook Learn continued lo be Ihe operation of the Iconlc Shropshire Hllls Discovery Centre In Craven Awms as an education and Iraining centre for food related Skills, as a vlsltor attractbn Ilnklng food. landscape. wlldllfe and h18tory In the Shropshlre Hllls and a8 a1816ure fe80urc8 for vlsltors and local resld8nts. Specificalty, the main activities of Grow Cook Learn in 202412S weM'. Running Ihe cafe Runnlng the shop and art gallory Maintaining the exhibition prodIng school vlslls Running a programme of events Recrultlng and keeplng Members. Maintaining and Improving the meadows A¢hl•v•m•nts •nd p•rfomi•n¢• a. Manag0rf• R•port Introductlon 14, Thi5 period signalled a period of fen8wal- our new lenure arrangements have provided space for some new. more slralegic thinking and ovr new chair. Clare Featherslone, has biought in a wealth of fresh ideas to help re- Shape the Centre and grounds. There was renewed focus loo on generaling non-trading income through grants, partnershlps, legades and donatlons wllh varylng degrees of success. 11 was important Ihat, desplte this new way of working, the main lask was to conlinue to opeiate the Centre and grounds as a vibrant visitor aaCtIon and ensuring our charitable aims were met. Page 5
GROW COOK LEARN (A ¢ompany Ilmlted by guarant••) TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevomenl• and p•rfomian¢o (GontInu) It Is heartening to see that the year ended wilh a small trading surplus. a healthy bank balance. our rnembershlp growlng and our staff team well motivated and Intact. All essential building blocks for su$talned growih. After 10 years as a trustse, and nlne a$ Chalr, we bade a fond farewell to Charle$ Edwards, whoso vision, business acumen, erudlllon aTKI networklng ablllty helped Grow Cook Leam to Come as far as It has. Charfes ha8 been a great ambas8ador for the charity and for the Discovery Centre and we thank him for hls many years of dgdlcatsd SeICe. We also welcomed In Clare Featherslone a5 Chalr and Rlchard Colemen as Vic&Chalr and their combined experlence, enthuslasm and drive meant the transltlon went ahead smoothly and a now 5- y8ar stralegy now informs our dlrectlon of travel In Ihe new era. There Is pride in the fact that the Centre contlnu85 to offer much needod employment, wlth 0r 20 Staff on tho payroll In a variety of rolès and our volunlaerlng and work 8xp&rf8nce programme$ offer tralnlng. Support and the chance for people ffom all walk8 of Ilfe to 8ociali$e and l•arn new 8klll8. Flnanc• The headline is that Grow Cook Laam compl8ted Ihe year with a tradlng Surplus 01 £3K. We are incfeasln9ty ¢onfidant In our abilty to cover our operntlng oosts wllh our trading income (thls Is the Seventh Successive year wa have done so). In Ilghl of thls. decisions Wo tsken to make a considerabl8 Inveslment (£20K In total) In rofurblshlng th• rAfé area and Counter ralher than focus on maxlmlslng OUT Irading surplug. Decisions as to vthen and how much to invesl are Informed by our monthty manag8menl ac¢ounl$, t the general feeling now is Ihat the Centre would benefft from ongoing investmenl and whenever It Is felt s8nsbble lo do so, wilh any surplus used to accelerate improvements to Ihe bulldlng. As tho chart shows, tolal sales were over £708K (ngl of VAT), our best Iradlng year lo date and the café continues to be our bgeSt Income stream but in recent years, retall and events have begun lo contribute more signifKantly to our sal85 and bottonbllno flgures. Of note thls year is steaty increase in small donations. mainly as a re¥utt of the new websSte allowww Onne donallons for car pafk. Pago 6
GROW COOK LEARN IA company Ilmltod by guaMntéè} TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevemonts and p?rfornMnco (contSnued) The exhibition. despite a lack of inv851menl, continues lo attract and excite many visitors and althov9h total sale$ are relatlv¢ly small, there Is very little cx)st or staff time as60daled with it and attendance numbers remain stable. Providing a useful and reliable income stream. To have cornpleted the year In the black whilsl ¢aY7ng out so much improvement work Is tostamenl to our Increased finanGlal resi1SenLY and is down to the hard work of the whole Discovery Centre team in maximi$ing Income generation and controlling costs effectlvety, M•mbernhlp IA Our membershlp scheme saw continued, sustalned growlh during this period, with Iho numbar of mamb•rshlp8 increasing from 400 to over 450. Although give back far more in mambars di$¢ount8 than the sch8m8 generates. ils r8al success lias in building a vibrant and supportive community of regular visitors to the Centr8. which upholds our charitable mission. The scheme stimulates repeal visits, and our membors contribut• nèarly 20% of our total income. Membership ha$ b88n one of our ongoing $u¢¢8SS Storles ol recenl years and we continue to work h8rd lo engage with our members via thè monthly 'Tusker Times" newsletter and our members ale encouraged lo lake an evar mor8 actNe part in Centre life Ihrough volunleering and partlcipating Sn our events and workshops. Page 7
GROW COOK LEARN IA company Ilmltod by guarants•) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 W4RCH 2026 Achl•voments and porforman¢• (¢onlInd Educatlon. Educatlon Is Ihe boatlng heart of our operatlon and contlnues to dellght 4)ur young audloncg. Plgage note that educatlon analysis is done over Calendar years rather than finandal years. 80 Ihis data rélalos to the year 2024. Schools Programme Educatlon Manager. Stephanie Bellows, schools programme was very well attended. and in this period, there were 115 school sesslons frorn 70 differenl sthools, leaching over 3700 thlldren. A8 the graph shrms. yéars 3 and 4 remaln Ouf m06t popular audlencg, accountlng for 53% of pupils. Ir focus ag ever is on primary aged pupHs. Thmughout the 8¢hool holldays, we put on a family activity amnod 8t thro& to o1ovafvy8ar-old8. Across Ihe half- temis, Easter. Summer and Chr18lmas holldays. wo offered over 40 sessions Includlng Wild Homes. Ston8 Age Hunters and Wlnnie the Pooh. These sesslon$ contlnuad to be very popular. wlth nearly avery sesslon fully booked and Jusl over 700 chSldren participated in the sessions over the year. The new onllne booking process has been well recelved and save8 a lol of staff tlme ram We continued lo develop our HAF Programme this year, off8ring a lotal of 28 sesslons through the Easter. Summer and Christmas holldays. Fundod through a Shropshire Council grant which covered salarles, food and materia18. the programma Is 8lmed al those children eligible for free school meals and ensures chikjren receive a nutrilious moal, some 8ducatlon81 actlvlty and the chance to ex8rci88 and soclallse. Page 8
GROW COOK LEARN IA company Ilmlt•d by guarantoo) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2028 hl•vèments and perfomianco (contlnued) vo1unt••ng. Volunteering had anolhar successful year wlth our volunteers coming to us br a vaiSely of roasons- some like to learn new skills, olher to galn confidence and worf( experien(x, some lkn to give something back to Ihelr community and olhers enjoy the 8oclal slde of volunteerlng. WO conlSnue lo develop and grow our volunteering proyramme8 and help our volunteers lo achiove thoii personal goal$. The Onny Meadows Group conlinued, under lan Cheeseborough's supervision, to lake on a huge amount of landscape and nalure rocovèry work In the meadows. We also saw a growing number of volunleers carrying out dNerse mle8 In retail. office admin, catering and even upgradlng our healing sy31eml We would Ilke to thank all our wondarful volunteer$ for the huge contribution Ihey makè lo the Centre. We also liaised wilh 8o¢lal pre$crlbers to provide volunleering tallored to people in kjng.temi unempk)yment or those Ilvlng with low level mantal health Issues. We lake prlde in supporting younger volunteers on thelr journeys too and th1$ year we took on two work experlence students from Ludlow and Church Stretton Schools, as well as three Duke of Edinburgh students who undertook Iheir volunleering placements wlth us. Volunteerlngls a greal way to meet new people, glve something back to youi ¢ommunlty and to learn new ski115 and galn confidence and we know our volunleers gel a great deal from working alongslde the staff team. We work hard to ensure our Volunte8 have a fulfilllng experience with u5 and as a speclal Ihank you this year, the volunteers enjoyed a celebratlon Chrfstmas lunch al the Centre. Page 9
GROW COOK LEARN IA company Ilmltod by guaranteo) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 hlov•m•nl• and porfomi4n¢• {¢ont5nu•d) Onny M•adow*. Under the 8teward8hlp of our Meadow8 Ranger, lan Cheesborou9h. we contlnued to engage In a programm• of nature rewvery wofk In the Onny Meadow$. As lald oul In the Moad¢S Management Plan. tha work focus8es on provldlng free, unllmlled publlc access to a range of well managed habltals: specles-rith meadow, coppic8 woodland, h8dg8r(yw, pond, orchard and flvarbank. The Onny Meadows Group continues to thrtve and the output from Ihls commltted group of volunteers enabled lan lo dellv8r on h18 k8y targets wlth the follcbwh)g kay tasks belng complated. Annual hay cut, wlth th• arl•lngs ramovad to help low•r •oll fort111ty. Completlon of tho la8k to plant 800 m•lr•• of n•w hqroW Copplclng anolher coup of woodland Prunlngty mulchlng and g•nr41ty looklng aft•r our ¢.70 orchard trw• (applo•1 p•ar•• plum•, qulnct and medlar) Invaglve sp•¢l•s contro rwnovlng Hlmalayan Balsam, Ragwort and Dock from rArtaln ar•u of the mudow. The meadow8 now foim an important part of our visitor offer, complernenllng the other facllltles at the Centre and providing much needed fresh air, opportunity for exerci88 and Ihe thance to commune wilh natur& all th98 we are being d8prived of and which we all need much more of. Page 10
GROW COOK LEARN (A ¢ompany Ilmlted by guarantso) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2028 Achlevements and performance (conllnued) There are challenge8- financial restrainl8 mean work needs to be prioritised and there Is much more we would like to do. Dog muck continues to blr9ht the grounds despite ongoing campaigns to 8radicate rt, and Ash Oi8back disease is decimating our ash tre8s including the beloved Me8dow8 Glant whlth succumbad last wlnter and had to be redurAd to a &metre monolrth on saf8ty grounds. Invasive species such as Himalayan Balsam and New Z8alAnd Pondweed <Cfa88ula Helm1} remaln a concarn, and much limo 1$ Invested In tholr ¢ontml Floodlng Is an Incr8asingly common and deslructlve Ihreal. wlth the ralns from storm Ashley In November 2024 ¢au$ing Ihe River Onny to rl80 to its highosl ever l?vel and causing extensive fflood damage to our newly created paths and bridge. All Ihese challenge5 divert limited staff time and resources from more Important and constructlve work so Ivg Important we thlnk carefijlty ab¢Jut Iloodlng when Inlroduclng new Infraslwcture Into the area. Tha focus of our management 8tratggy contlnue8 to be on promotlng publlc acce88 and creatlng and malntslnlng a wlde varlety of habllats lor wlldlife. Fundam6nlal to this is our ongoing work to improvo our hay meadows and woodlands whlch form the ba58 of a food pyramld, supportlng a rlch and dfverse array of wlldllfe. Ev•nts. Yet again, our events programme was a very succe$$ful part of our operatlon, generatlno record 8ale$ of 0r £49K. Th8 programme was dominated by our big fundralsing 8vents- the SW80K walking f8Stival and our famous Bonfire and Fireworks display. The year began. as it always does. with Ihe SW8OK which, following one of the wettest winters on record. was a soggy affair yet again but incr8dibly our runn8rs and walkers (most of them at least) seemed lo enjoy their trawl through the knee-daep mud. Although there was no sponsor on board and the weather ¢aused some additional cost$. the event pertomied well and generated a considerable contribulion to the charilvs coffers. Pag8 11
GROW COOK LEARN IA ¢ompany Ilmltod by guarante•) TRUSTEES, REPORT Icop¥llNUED) FOR THE YEAR ENDED 31 hlARCH 2025 Achlw•m•nl• and porfornMnc• (¢ontlnu•dl The weather was som8whal klnder for our bonfire; Indeed li remalned dry and calm In the lead up to th8 event and on the nlght. The marketing of the evant was a tsg success. and w6th Euro Quality Lambs and Homsey Ste81 iolnlng us a spon6oT8hlp partners. the huge cost of the Ilreworks was offset by their financlal contrlbution. Tickat salos Vre Ihe best ever, Vdllh over 2500 people comlng together lo enjoy Ihe 8how and tho evenl was a great success. On top of thls, we ran myriad smaller 8vent8 and couwses Indudlng blrd, buttertly, dragonfiy and bee workshop8, a series of summef car bool sales. Apple Day. lamb Suppers. Frost Faif, Breakfast with Santa. Wild About Wlng8, PTunlng course, and wlld garflc p88to workshopsl Our events continuo to gonerale much Intar•st and aro an Increaslngly Important part of our offer. Looklng Ah•ad Our tfU6tee8, management and slaff leam remaln resithent and c¢ymmitted to meet the thall8ng8s we face. and we Temaln a viable, stable and focussed organlsatlon. Som8tlmes the task ahead seems huge, and we always want lo do more than our liny budgets and mlnlmal staff structure alknv, but the passion remains and we relish Ihe chance to explolt lh8 opportunltles provlded by our new slatus as freeholders. The &year stfategy document Is an imporfant first step In shaplng how the Cenlre will look, how Ihe visitor offer will be Improved and most importanlly, how we wlll continue to be a thTlving educational charity whith engender5 a sense of prlde throughout the loca5 area. Page 12
GROW COOK LEARN IA company Ilmltod by guarnnts•} TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevom•nts and p•rfomwn¢• (¢ontlnu¥d Since developing our strategy, Ihe projocts which have been priorlti8ed lo flow from that document are as follows; To Cfeat8 a stepchange Improvement lo our vl$llor offer To ensure the Centr8 being rarbon neutral by 2025 To rA)ntinuously improve our ac£essibllity, and Install a 'Changlng Plo¢es" spedficallon tollal To tell our slorlos better and lo fr•sh audigncas- this involves refreshlng our exhibltlon, fevlewing our signage to create a more Iwli8tlc feel lo our tre messaglng and urb1$hln9 the felaxalion area so that thè Centr8 and mèadows look and feel mora integraled. I would Ilke to thank our Iru$tees, Slaff, volunleei$, supporters and members lor continuing to believe in what we are dolng and lor Ihe SUPPOrt and inspiralion they provlde. Here's to the futurel Grant Wllson. September 2025 Fln•n¢l41 r•vl•w A. Golng conc•m Total sales were over £706K (nel of VAD for the financlal year ondlng 31$t Mar¢h 2025, our bast trading yoar to date, and total net assats were £196,797. B8cause of thls. and another year when our operational income ¢onlinued to cover our operalional cost5, Ihe Trustees have a roasonable expectation that the Charity has adequate resourcas to contlnue In operatlonal existence for the foreseeable future. For thls reason. Ihey continue lo adopt the going ¢on¢8rn basis in preparing the fflnancial 81atement$. b. R•••N•• poII¢y The free reseNe8 figuro is the unrestricted funds less any unrestrlcted flxed assets and r8presen18 the funds available lor use by th8 Charlty. The frèe reservas at yaar end were at £65,721 (2024: £43,091). This would cover 1 month of unreslricted expense5 less depredation. We alm to have free reserves of 1 month of the previous lull yearfs unrestrtcted expenses loss depre¢lallon, In Ihe long term the Charity aims to build r65eTves to 2 months ol the previous y8arfs unrestricted expenses less depreclatlon lo allow for an increase In the provlslon for windlng down costs should Ihls be necessary. We wlll malnlain a monthlY eslimale of free Teserves to help ensuTe remaln on Ira¢k lo finish the year wilh sufficient reserve5 and to give trustees the ability to take the level of reserves into account when makSng investmenl decisions. Page 13
GROW COOK LEARN IA company limDt•d by guarant••) TRUSTEES. REPORT ICONTINUED FOR THE YEAR ENOED 31 W4RCH 2026 stvucturn. govornanco Ind manag•m•nt a. Con•titutlon Grtrw Cook Leam Is constituted under Its Articles of Assoclatlon, dated 30 October 2013 and Is a reg181ered ¢h8rfty. number 1158795. 1118 reglstered a$ Incorporated In England and Wales.. Members will be a8k8d to approve an amended set of Articles of Assoclation at tha 2025 AGM. Th8 thanges are limited to procedural and edttorial amendments to reflect the change In ownershlp of the centre. b. Mothods of appolnthi•nt or •l•¢tlon of Tfu•ts•• Th• managament of Ihe ChElable Company Is the responslblllty ol tha Trustees who are elected and ¢.0ptad under tho Iwms of the Memorandum of A530ciation. The tharity ha5 a Trustee ar4)ointment poll¢y. Thls polcy 5918 Out how Grow Cook Learn appolnts, induct8, and reappoints Iruslees.11 ensures compllance wlth.. The Charitle8 Ad 2011 The charitys govamlng document Guidanco from Ihe Charfty Comml8sion for England and Wales Our alm Is to malntaln an effecllve and div•rne board that can carry out th• tharf¢Vs purpose8 for the public beneflt. Prospective Trustees are made aware of Ihe alms and activitie$ ol the Charity bafore thelr appointment. Whero spaclfic dutles are requlred of tho Truslees, tho Charlty looks to appolnt people with lh8 approprfate ski118 and experience. c. Pollcl•s adopt•d for th• Indu¢tlon •nd tralnlng of Trusts•• SpecifK rol88 and areas of engagement are agreed for each Iru8tee d. Organlsatlonal •tructur• and dacl•lon maklng pollGI•s The Trustees pracli¢x thelr due dlllgence by seoking a88urances from fallow TN8te88 Mana9er8 and staff that the Nganlsatlon Is being operated effectlvely, at and outslde Board Mo6tlng$. Records afe kept of these meetings and of d8clslon8 made. •. Flnancl•l rf$k managoment The TTU5tees have assessed the malor rf$k$ lo whlch the ¢harilable company 18 exposed. In particular, those related to the operations and flnances of the charfiable company and aro satisfied that systems and procedures are M) place to mltigale our exposure to Ihe major risks. The 5-year plan for tho charity for 2023 to 2028. incorporates a Risk Register. Pag8 14
GROW COOK LEARN (A company Ilmlted by guarants•l TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2025 Statement of Tru8teo1' r••pon•lbllltl•8 The Trustees (who awe also th8 directors of the Charltable Company for the purp0888 of company law) are responsible for preparing the Trustees, report and the financial statements In accordancè vAth appll¢able law and Unlted Kingdom Accounting Slandaids (United Kingdom Ganerally Accapled Accounling Practice). Company law requlT86 Ihe Tru8t8es to prepare finanijal statem8nts for aach financial Undèr company law, thè Trustees must not approve th8 flnanclal statements unless thèy afe sall$fied that Ihey give a true and lair view of the slato of affalrs of th& Charitable Company and ol ils incoming resources and application of resources, including its incoma and exp8nditure. for that Period. In preparing these ftnancial 8tatem8nts, th8 Trustees are r8qulred to.. select suitable accounting policies and Ihen apply Ihem consi81ently', obseTV8 the methods and prlnclples of thè Ch8rili•$ SORP (FRS 102): rnake ludomenl6 and accountlng e811mate8 Ihal are reasonable and prudent; state whether appllcable UK Accounllng Standards IFRS 102) have been ftbllowed, subject to any material departures di8dos•d and •xplain•d in Ihe financial statements: prepare Ihe Inanclal statements on the going concem basis unless11 Is Inappropdate to presume that the Charflable Company wlll conllnue in business. The Trustees are iesponslble for keeplng adequate accounting rKord$ Ihat are 8ufflclenl to show and explaln the Charftable Companys Iranfjactlons and dlsclose reasonable accuracy at any time the financial poslllon of the Charitable Company and enable them to ensure that the financial ststemenl8 Gomply whh the Companles Act 2006. They are also re¥pon$lble lor safeguarding the assets of the Charilable Company and henGe for laklng reasonable step5 for the prevention and detection of fraud and olher iiregularities. Approved by ordar of tha members of the board of Truslees and signed on Iheir behalf by.. Clar• Faath•rnton• (Chair of Truste8s) Date: Page 15
GROW COOK LEARN (A company Ilmlt•d by guarnntse) INDEPENDENT EXAMINER? REPORT FOR THE YEAR ENDED 31 MARCH 2025 Indep•nd•nt •xamlnef8 report to the Tru•toM of Grow Cook L•am (Yhe Charftabh Companv) I report to the chaflty Trustees on my gxamlnatlon of the accounts of the Charllable Company for Ihe year ended 31 March 2025. R•8ponslbllltlo• and b••l8 of Mport As thè Trusl888 of the Charitabl8 Company (and its directors for the purpose5 of company law) you are re$pon$lble for the preparnlion of the accounts In aG¢Ofdance wlth the requiremen18 of tho Companio8 Act 2006 the 2006 Arf). Havlng 8atlsfied mysew that Ihe accounts of Ihe Charltable Company are not requlred to be audited undor Part 18 of the 2006 Act and 8r8 81iglbl8 for Independent examinatlon, I report In respect of my examlnatlon of the Charltable Companys account$ carried out under sectlon 145 of the Charitie8 Act 2011 Cthe 2011 Act,). In carrying oul my examlnatlon I have followed the D*ection8 glven by the Charlty Commi88lon under seclion 145(5){b> of Ihe 2011 Act. Pag8 16
GROW COOK LEARN IA company Ilmlted by guarnnt•è) INDEPENDENT EXAAIINER'S REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Independent examlneV• statem?nl Slnce the Charitable Companys gTOSS income exceeded £250,000 your examiner must be a m8mb8r ol a body Il$led in seclion 145 of the 2011 Act. I confirm that l am quallffièd to undertake the examinatlon because l am a member ofACCA, whlch is one of the listed bodles. I have completed my examinalion. I confim that no matters have coma lo my attention in connection with tho examlnatlon giving me cause to believe: accountlng records were not kept In respect ol tho Charltabl8 Company as required by sectlon 386 of the 2006 Act; or the accounts do not aCcd with those records; or Ihe accounts do not cornpty wlth Ihe aCCA)unting requiremènts of sectlon 396 of the 2006 Act other than any requiremenl that the accounts give a 'true and lalf eW whlch Is nol a matter consldered as part of an Independent axamination: or the accounts have not been prepared In a¢¢ordance wllh Ihe melhodg and prlnclples of the Statement of Recommended Practlce for accounting and reporting by Charities [applicablo to charities preparing their accounls In accordance with Ihe Finandal Reporting Standard applicable In the UK and Republic of Ireland (FRS 102)]. I have no ncernS and have come across no other matters in connection with the examination to which attontlon should be drawn In Ihis report In order to enable a propor under8tandlng of the accounts lo bo reached. Thi8 report 18 made solety to the Charltable Cornpanys TfUSt•es, as a body. in accordance with Part 4 of Ihe Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so Ihal I mlght state to Ihe Chailtable Cornpanys Trustees those matterB l am required to state to them In an Independent examlnerf8 report and for no other purpose. To the fulle$l exlent permitted by law, I do not a¢p1 or assume responsibility to anyone other Ihan the Charilabla Company and the Charitable Companys Truslees as a body, for my work or for Ihls report. Signed.. Dated: T Lunt 8A FCCA MTPI WR Partners Chartaiad Accountants Belmont House ShThvsbury Buslness Park Shr8wsbury SY2 6LG Page 17
GROW COOK LEARN (A company Ilmlt•d by guarants•) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENorruRE ACCOUNT FOR THE YEAR ENDED 31 W4RCH 2D26 R•strlct•d Unr•8trfctod fund8 lund• 2026 2026 Total lund• 2028 Tot fvnds 2024 Nota In¢om• from: Llonations and legacles Chafiiable activities 31,956 24,588 690,701 87, 128 636.786 690,701 Tolal In¢omo 31,966 716,289 747,245 723,914 Exp•ndlturn on: Charltabl• acllvllil 28.592 700.688 729,278 701.005 Total •xp•ndltur• 28,592 700,886 729,278 701,005 N•1 In¢om• Transler$ belween funds 3,364 966 14,603 1955) 17,987 22,909 14 N•t mov•m•nt In fund• 4.319 13,648 17.967 22.9Q9 R•conclllatlon ol lund*: Tolal lunds brought forward Net movement In funds 98.787 4,319 82,043 13,M8 178,830 17,967 155,921 22,909 Total fund• Carr1 foThvard 101,108 96,691 196.797 178.830 The Slatoment of financlal athltlo8 Indudes all galn8 and108808 recognl$od In tho year. The notes on pages 22 to 38 form part of thege fflnanclal stataments. Page 18
GROW COOK LEARN (A company Ilmltad by guarantae REGISTERED NUMBER: 08755152 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2026 2025 2024 Note Charlty funds Restrlcted funds Unr8strict8d funds 14 14 101,106 96,691 96,787 82,043 Total fund• 196.797 178,830 The Chariiabl• Company wa8 entblled to exemptlon from audlt under sectlon 477 of the Companle5 Act 2008. Tho m6mb•r8 have not requlred the company lo obtain an oudit for the year In question in accordance wllh sèction 478 of Compani•s Act 2W6. The Trusteos acknowledg• thelr re$pon8lblllti@8 for complying with the quirents ol Ihe Acl wlth respect to ac¢ounllng records and preparation of financial statements. The financlal slalemenls have been prepared in ac¢ordan¢e wlth the provisions applicable lo ontities 8ublect lo the small C4)mpanies règlme. The financlal ¥latements were approved and authori¥ed for issue by the Tru8te83 and slgned on Iheir bohalf by. Clir• F•atli•r•lon• (Chalr of Trustees) The noles on pages 22 to 38 fomi part of these financial slatements. Pag8 20
GROW COOK LEARN (A Company 11m1t by guarant00) REGISTERED NUMBER: 0875S162 BALANCE SHEET AS AT 31 MARCH 2026 2025 2024 Note Flxod a••el• Tanglble a8sel8 10 89,970 88.952 89,970 88,952 Curront a•Mt• Stock8 Debtors C3sh at bank and in hand Sl.129 9,447 126,U6 49.819 13,744 100,853 12 187,421 164,416 Curmnt Ilablllll Credilor5'. amounts falling due wtthln one year 13 180,6941 (74,538) N•t curr•nt u••t• 108,827 89,878 Totsl h•• currnnt Ilabllltle• 196,797 178,830 Totsl n•t a$a•ts 196,797 178,830 Pag8 19
GROW COOK LEARN (A company Ilmlted by guarnnt••) STATEMENT OF CASH FLO¥VS FOR THE YEAR ENDED 31 MARCH 2026 2025 2024 Cash flo from operallng actlvltlo8 Not cash used in operating a¢tivilio$ 44,204 26,248 C••h flow• from Invo•tlng a¢tlvltlo• Purchase of tangible fixed assels 118,212) (27,483) N•t c••h US In Inv•stlng actlvltl•• 118.212) (27,483) Cash flowB from Ilnanclng actlvlllo8 Not CA•h provldad by Ilnanclng aellvltles Change In cash and ca•h equlvalent• In the yoar Cash and cash equhvalent8 al the beglnnlng of the year 25,992 11,2351 102,088 100,863 Ca•h and ¢a•h •qulval•nt• at th• •nd ol th• yo•r 126,846 100,853 The notes on page8 22 to 38 form part of these financial Btatements Page 21
GROW COOK LEARN (A company Ilmhod by guarnntoe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 G•n•ral Inlornutlon Grow, Cook L8am is a charitabl8 company, Ilmlted by guaranlee and incotporated In England and Walo8. The memb6rs of lh8 charlty afe the trusteos named on pag8 1 of th8S8 accx)unls. In the event of the charitable ¢ompany belno wound up, the liabikty in respect ol Ihe guarantee is limited to £1 member of the ¢harltsble company. Accountlng pollcl•• 2.1 Bul• of pr•p•r•tk4n ol flmnclal •titsmont• The financlal statements hav6 been prepared In aco)rdance wilh the Charltlos SORP (FRS 102} . Accounting and Reportlng by Charltles.. Staternent of Recommended Practke applicable to charltles prepatlng thelr accounts In accordance wtth the Flnan¢Sal Reportlng Standard appllcable In tha UK and Republic ol Ireland (FRS 102) (effedve 1 January 2019). the Financial Reportlng Standard appllc74ble in Ihe UK and Rgpubllc of Ireland (FRS 102) and the Companles Act 2006. Gfow Cook Leam meets Ihe definllion of a public benefft entlty under FRS 102. AMets and IlabSlltles are Inltlally reOni88d at hl8torl¢al cost or transactlon value unle$8 otheThvl¥e $tatsd In the relevant aecountlng pollcy. 2.2 In¢om• All Income 15 regnISed once the Charllabl8 Company has entitlement lo the Incoma, il 15 probable that the income wll be recelved and the amount of income recelvable can be measured ieuably, The recognition of income from legacles Is dependent on establishing entlllement. lh8 probability of recelpl and Ihe ablllty to estimale with sufflcient accLtracy the amount receivable. Evklenca of enlltlement lo a legacy exi318 wn the Charftable Company ha8 8ufficlent eVIden that a gift has been left to Ihem (through knowledge of tha exl8tence of a valid WIU and the death ol the bonofactor) and th8 executor is 8allsfied thal the Property in question wlll not be requlred to satisfy claims In thg •$lai•. Recelpi of a legacy must be recognlsed when1118 probable that it will b? recelved and the fair value of the amount receivable, whlch wlll generally be the expected rash amount to be d18trlbuted to the Charitable Company, can be rellably rneasured. Grants are Included In th8 Stalement of fjnanclal acllvltles on a receivable basis. The balanc4 of Income received for speclfic purp0888 but not expended during Ihe period Is shown In the fel8vant fund8 on the Balance Sheet. Where Income 18 recelved In advance of entrtlement of recelpt. Ils recognftion Is deferred and Induded in creditors as deferréd Incom8. Wher8 enth'uement occurs before income is received, the Income Is accrued. Pag8 22
GROW COOK LEARN IA company Ilmlt•d by guarants•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poll¢le• l¢ontlnuod} 2.3 Expendlture Expenditure is fecognised once there is a legal or constructive obligation to transfer economic benefit to a thlrd paty. 1118 probable Ihat a transfer of economic benefits will be required In settlement and th8 amount of Ihe obligation can be measured reliably. Expendilure is classified by activity. The costs of each actlvlty are made up of the totsl ol dlrect costs and shared costs, Includln9 SUPPOrt Costs involved in undertaking each activity. Direct costs attributabl8 to a singl8 actNlty are allocated directty to that actlvlty. Shared costs which contrlbule to more than one activlty and support costs whlch are nol attributable lo a $ingle aclivty are apportioned behyeen those activities on a basi5 consistent with the use of re8ource8. Central staff cost$ are allocated on Ihe bo818 of Ilme spent, and deprecSatlon ¢harges allocated on the portlon of the asset's usa. Expendlture on ¢harftable aclivilies is incurred on direcity undertaklng the a¢tlvltte8 whlch further Ihe Charitable Companls objectives, as wel as any associated 5UPPOrt costs. All expenditure is inclu3i4ffj 01 irrecoverable VAT. 2A Gov•rnm•nl grant• Govemm8nt grants relating to tsnglble fixed assels are treated as deferred income and released to the Sl8t8m8nt of financlal actlvltlès upon the complation of the relevant p8rformanc8-relalèd condlllons. Olher grants that 8T• not $ubj8ct to performance-relatad condltlons 8ra er•dlt•d lo Ihe Statement of flnanclal adlvllles as the grant proceeds are recelv8d. Grants received prlor to Ihe revenue rècognltlon criteria bein9 satisfied are ro¢ogni6ed as a li8bilty. 2J T4nglbl• fix•d a•••ts and d•pr•clatlon Tanglble flxed assets a PItalISed and recogn13ed vthen fuknre economlc beneffts are probable and the cost or value of the asset can be measured reliably. Tangible fixed as5els are inilially fecognised at cost. Ailer recognlllon. under Ihe cost model, langible fixed assets are measured at cost less accumulated depreclatlon and any accumulaled Impalmient losses. All costs incuried lo bring a tangibl8 fix8d asset Into Ils Intended working condlllon should be Induded in the measurement of cost. Land Is not dèpreclaléd. Depreciallon on other 8$$ot$ is Charged $0 a$ lo 8llocal8 the cost of tanglbte fixed assets less their residual value over their estimated useful lives. using Ihe slraight4ina method. Deprecialion is provided on the following basis.. Plant and mathinery Office equlpment 25% 25% Page 23
GROW COOK LEARN (A Company Ilmlt•d by guarant•8) NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDEO 31 MARCH 2025 Accountlng poll¢l•• {¢ontlnu•d) 2.6 R•valuatlon of tanglble flx•d a8•t• The freehold PfOP8rty Is carried al fair valu8 lot he charlty at th8 date of revaluatKJn. Revaluations are undertaken wllh sufficlent regularfty to 8nsufe th8 carrying amount doe8 not dlffer mateTialty Ifom that whlth would be determinad uslng falf value at the r8POrting dale. Falr values are detennined from market ba8ed evldence noTmaly undertaken by prof8881onal quallfled valuers. Revaluatkni galns and losses are recognld kn other comprehensive incoma unle881098e8 exceed the prevlously recognlsed gains or reflect a clear consumptlon of economic benafils, kn whlch ca88 the exch8S6 losses are reGognlsed In proflt or loss. 2.7 8tock• Stockb are valued at the lowèr of cosl and nèt ra81isable value after maklng due alk)Wan for obsoleto and slow-moving stocks. Cost IncJude8 all dlrect costs and an appropriate proportlon of fixed and varlabla overh6ad8. 2.8 Doblorn Trade and other deblof8 are recognlged at the 80ttlement amount after any trade dlgcount offeréd. Prepayments are valued at the amount prepaid nel of any trade dlscounts due. 2.9 Ca•h at bank and In hand Cash al bank and In hand Includes cash and short-tenn highly Ilquld Investments with a short maturlty of three months or less from the date ol acquisition or openlng of the deposit or similar account. 2.10 Llabllllle• and provlslon• Llabilities are recogn18ed when the Is an obligation at the Balanco Sheet date as a result of a past event, It Is probable that a transfer of economlc wlll be requirod in settMen1. and Ihe amount of the settlement can be estimated reliably. Li8bMilies are recognlsed at the amount Ihal the Charftablg Company antlclpate5 It wll pay to settle the debl or the amount It has recelved as advanced payments for the goods or services il musl provlde. 2.11 Flmnclal In•trumonts The Charitable Company only ha8 flnanclal assets and financial liabilities of a klnd that qualify as baslc financlal instrum6nts. Basic financial Instrum8nts ar8 Inltially recognised at transactlon value and subsequenlly measured at Iheif settlement value with the ex¢eptlon of bank loans which are subgequenlly rneasured at amortlsed cost usSng the effectlve Interest method. 2.12 Op•rallng l••• Rantals paid under operating leases are tharged lo the Ststemont of financial activities on a slralghl- line basis over th818as8 temi. Page 24
GROW COOK LEARN {A company Ilmltsd by guarantse) NOTES TO THE HNANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2025 Accountlng pol1cl (contlnu•d) 2.13 Penslon* The Charllable Company oparates a defined Contribution pension scheme and the pension charge represents the amounts payable by Ihe Charitable Company lo the fund in respect of the year. 2.14 Fund accounllng General fund5 are unrestricted funds which are available for use at Ihe discretion of the Tfustees in furthorance of the general object18 of the Charltable Company and whlch have not been designated for other purpose5, Designated funds comprise unTe5trided funds thal have been sel aside by the Trustees for particular purposes. The alrn and use of each deslgnated fund 18 set oul In the notes lo the flnanclal $talemenl$. Restrlcted fvnd8 are fund$ whlch are lo be used In accordance wlth 8peclfic restrfdlons Imposed by donor3 or whkch have been ralsed by the Charltable Company for partlcular purposes. The cost3 of ralslng and admlnisterlng Such lunds are charged against the sp8clflc fund. Tha alm and use of each restricted fund is Sel out in the noles to Ihe financial slalemenls. Page 25
GROW COOK LEARN (A Company Ilmttod by guar•nt••} NOTES TO THE ANANCIAL STATEMENTS FOR THE YEAR ENDED 31 PaARCH 2026 Ana1• of •xp•ndllure by actlvltlo• (¢ontlnuad) Anaty•l• of dlTr¢t ¢0814 Charftsbl• actlvlty 2026 Total fund• 2025 Total funds 2024 Staff costs Dlscovery actlvltle5 Markets'ng and exhlblls Gallery cosls School vlslts Repalrs, renewals. maintenancA of outdoor5 Food and drlnk Exhlbltion costs Book8 and maps other retall 334,277 461 39,188 4.764 437 21,569 107,562 334.277 461 39,186 4,764 437 21,669 107,662 311,043 324 38,581 4,235 399 40,191 90,974 293 29,069 60,9Q6 25,405 54,638 28.406 64,638 588.307 688,307 576,015 Total 2024 576,015 576,015 Page 28
GROW COOK LEARN IA company Ilmlted by guarnntsol NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analy819 of expondltur• by a¢tSvltl•s Icontlnued) AnalyBl8 of Support co*ts Charltabl• •¢tlvlty 2025 Totsl fund8 2026 Total funds 2024 Depreciation Staff training Bank charges Sundry 8xpense8 Other employee costs Cafe equlpment rental Rates Hoat and light Cleanlng and laundry Prinling, postage & 81atlonery Telephone and broadband Legal and professlonal lees Property maintenance Insurance HR, payroll & IT 88r¥lces Govorn8nce costs 17,193 582 10,405 330 1,048 7,104 3,722 28,706 12,499 3,408 4,074 2,152 24,472 3,574 18,963 2,739 17,193 682 10,405 330 1,048 7,104 3,722 28,706 12,49• 3,408 4,074 2,152 24.472 3.574 18.963 2,739 12.639 854 8,469 837 1,560 2,367 3,026 28,907 10,829 3, 553 2, 780 3,442 19,049 3,278 20.925 2,415 140,971 140,971 124.990 Tot812024 124,990 124,990 Independent examlnerfs rnmuneratlon 2026 2024 Fees payable to the Charitable CompanV8 independent examin8r for the independenl examination of Ihe Charitable Companrfs annual accounts 2.635 2,415 Page 29
GROW COOK LEARN IA ¢ow•any Ilmftod by guarnntee) NOTES TO THE FINANCIAL STATEMENT8 FOR TrIE YEAR ENDED 31 MARCH 2025 81aff costs 2026 2024 Wages and Salarlas Soclal securlty Costs Contribution to d8lln6d contrfbutlon penslon stheme8 314,062 13,263 6,962 293,828 10,829 6,380 334,277 311,043 The averaae number of per80n8 employed by the Charltable Company durlng the year wa8 as foll0v. 2026 No. 2024 No. Employe88 25 No employe6 recelved remunoration amounting lo mora than £60,000 In etthor year. Total benefits paid lo key managemenl personnel were £44.953. (2024.. £42,753) induding gro33 wag•8. omployw Nl and pension contribthions, Thi•tse•' r•muneratlon and •xp•ns•• Durlng the year, no Truste6s Mceivod any romunerallon or other benefft8 {2024 - £NIL). Durlng the year ènd•d 31 Marth 2025. no Tru8tee expenses have been Inwrred (2024 - £NIL). Pago 30
GROW COOK LEARN IA company Ilmlted by guaranta•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. Tanglble fixed a•8•t• Fr•ehold proparty Plant and machlnery Office equlpment Total Gt or valuallon At 1 April 2024 Addbtlons 0,000 66,849 17,313 9.013 899 125.862 18,212 At 31 March 2025 60,000 74,162 9,912 144.074 D•pre¢latlon At 1 April 2024 Charge for the year 29,472 16,268 7,439 926 36,911 17,193 At 31 March 2025 4S.740 8.364 64.104 N•t book valu• At 31 March 2025 60,000 28N22 1,648 89,970 At 31 MOh 2024 60,000 27,377 1,574 88,951 The freehold property is held at ifs fair value to the Charity. Tho propoty 1$ valuod at £370,000 but there is a charge against il lor £250,000 and when sold Ihe charity wlll also repay SOOA ol any additional proceeds. The un8ncumb8red falr value lo the Charfty at current valuo is thgroforo £60,000. 11. stock• 2025 2024 Slock and consumables 51.129 49.819 Page 31
GROW COOK LEARN IA company Ilmlted by guarnnts•l NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 RCH 2026 12. D•btor• 2026 2024 Du• wlthln on• y•ar Trade deblors Prepayments and accrued income 5.524 3,923 6,637 7, 107 0,447 13, 744 13. Credltor8: Amount• falllng duo wlthln ono yoar 2026 2024 Trade Gredllors Othai taxatlon and soclal secudty Accrual$ and d&ferr•d Income 18.600 28.697 36M97 29,843 19,860 25,035 80.694 74,538 2026 2024 Defeffed Income at 1 April 2024 Re$oureè8 defeThed durlng the year Amounts relea$•d from prevlou8 period8 19.714 22,630 19,754 (22.630) 19,764 19,754 Deferrad income felate$ to Income reIved thal is in relalion lo events being held the followlng year. Page 32
GROW COOK LEARN (A Company Ilmlt•d by guaMnt•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1& Statemont of fund• Stat•ment of fundg - currnnt year Balan¢• at 31 Maw¢h 2025 Balanco at 1 Aprfl 2024 Tran•f•rn Inlout Incom• Expfrndlturo Unr••trl¢t•d fund• D••lgnal•d fund• New servery 10.000 110,000) G•n•ral fund• General Funds 72,043 710,289 (090,686) 1956) 95,691 Tot41 Unr••trf¢t•d lund• 82,043 715,289 1700,686) 1956) 95,691 RMtrl¢l•d lund• Girls Group Income 18117 prol8Ct Town Coundl granl Caffyn Trust Youth Volunteer PTogramme Green Team Project HAF Program Communlty Cooklng Pond platform National Lottery Community Fund Soil's gol Soul Ploiect Path$ Fund Conversations Art Project Cookery CouTses Propety fund 6,406 1,082 2,871 4.742 809 6,247 796 2,634 1201) 6,206 1,082 2,076 4,742 809 5,104 795 2,634 1795) 3.956 15,099 2,213 9,988 2,213 11,374 3,000 19.000 1.000 5,000 (1,6141 119.9551 (9281 965 72 6.000 60.000 60.000 96,787 31,966 128,5921 955 101,106 Totsl of fvnd¥ 178,830 747,245 1729,278) 196,797 Page 33
GROW COOK LEARN IA company Ilmlt•d by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. 8tstem•nt of fund• {¢onUnu•d) Do•lgnatod Fund• relate lo a donatlon received thal has been set a8lde for work on a now servery whith 1$ Ilkely to take pla&8 next year. R••trl¢tad lund• ar• made up of th• followlng: - LJC Glrls Group- a fortnlGMly actlvlty dub - Town Councll fund - money for tho malntonanc• of Ihe community garden. - Caffyn Trust- for leafiel prlntlng Bonflr• Nlght lund• - sponsoTshlp money ralsed far th• indlvldu81 ov•nt8 - Youth Volunt•or Program•, 'Gr••n Toam Prol•¢f and 'HAF Proqram. . ongoing youlh actlvltle8 Pond Dgvglopment Grant- for 88890nal Pond clearance - Communlty Cooklng - fund8d ¢our888 for u8ers of the local food bank - Pond Platforni- DEIRA fvnds called Access for All which encourages accessibility in Ihe counlryslde. - Nallonal Lottèry communlty fund - towards refubl8hment of Ihe dassroom - Welland Scr•p• Prol•et . Squelch - ftJnd8 piovlded by Ihe Severn Trenl Communlty Fund for th• creation of 4 400 spare metro s¢rap&, a bird hide, intsry)relallon and acce88iblg paths - Sol1• got Soul pr0ct- This project look8 at reg8nerallv8 horticuhure, usin9 6oA al a carbon-8ink and producing food In a way thal enhances rather than damages Iha envlronm8nt. - Prop•rty fund- Iha fixed a88Ot glfted to the Charity Page 34
GROW COOK LEARN (A ¢ompany Ilmftod by guarants• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Stat•mont of lund$ (¢onllnu•d) Ststomont of lund$ - prlor y•ar BalAnc8 at 31 Mah 2024 Bolance at l April 2023 Transfers inloul Incom8 Exp8nditur8 Unr••trlct•d fund• De•lgnatod funds Now s•rvery 10,000 10,000 G•n•r•l fund• General Funds 70,924 670, 120 (659,001) (10.000) 72,043 Total Unro8lrlcted fund• 70,924 670, 120 (659,001) 82,043 Re•trfct•d funds GIrf8 Group Income 16117 prolect Town Councll grant Caffyn Trust Bonfire nlght Youth Volunteer Prografflme Green Team Projecl HAF Program Pond developmenl Community Cooking Pond plaffomi National Lottery Community Fund Wetland Scrap Projeci- Squelch Soil'5 gol Soul Project Property fund 4,293 1.082 3,676 1,235 (122) 5,406 1,082 2,871 (805) (1.250) 1.250 4, 742 809 4,742 809 6,247 6,247 1,140 795 1,155 (1.155) (1, 140) 795 2.634 13,303 (10,669) 2,213 2,213 26.851 10.000 (26,851) f12) 9,988 60,000 60,OCAJ 84,997 53, 794 (42,OQ4) 96,787 Page 35
GROW COOK LEARN IA company Ilmlted by guarnnts•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IMRCH 2025 14. Ststsmont of fund {contIndI Total of funds 155,921 723,914 1701.005) 178,830 1& AnalyJl• of n•t a•••t• b•tsvoan fund# AnalyO• ol n•t a8••ts lkn•n fund• - ¢urr•nt y•ar R••trJot•d Vnr••trlct•d fund• fund8 2026 2026 Total fund• 2026 Tanglble fixed a88ets Current 4$8ets Credllors due withln one year 60,000 41,106 29,970 148.315 (80.594) 89,970 117,421 (80,694) Total 101,106 95.691 196,797 Anal19 of n•t aM•ts belwogn fund• - prfor y•ar R•stiict8d Unr•strfcted runds funds 2024 2024 Tot lunds 2024 Tanglb18 fixed as$et$ Current assets Credltors due wtthln onè r 60.000 36,787 28,952 127,829 174.538) 88.952 164.416 f74.538) Totsl 96,787 82,043 178.830 Pago 38
GROW COOK LEARN (A company Ilmlt•d by guarnnte8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. R•con¢lllatlon of nat movom•nt In fund• to net cash flow from operatSng aGtlvltlo8 2026 2024 Net Income for Ihe year (a8 per Statement of Flnancial Adlvttle$) 17,967 22.909 AdJu*tfflonts for: Depr8cialion charyas Increa88 in stock8 Decrease In debtors Increas81(decrease) in ueditors 17.194 12,639 (13,647) 6,488 (2, 141) 4,297 6,056 N•t ca•h provld•d by op•rnllng a¢tlvbll•• 44,204 26,248 17. Analys18 of ca8h Ind ca8h equlvalants 2026 2024 Cash in hand 128,846 100,853 Total ca•h ind ca•h •qulval•nts 126,846 100.853 18. Anal1¥ of ¢h4ngu In not d•bt At 1 Aprll 2024 Ca8h flow8 At 31 March 2025 Cash at bank and in hand 100,8S3 2S.992 126,846 100,853 2S.992 126.846 19. Contlngent Ilabllltl•$ There is a legal charge over the freehold property held. If Ihe propety is sold the charity would have lo repay £250,0000 plus 50'/ts ol the sale proceeds above £250.000. The propety is currentty included in fixed assets at it's fair value. being th8 unencumbered valu8 of £80.000. The current markel value is £370.OCIO. Page 37
GROW COOK LEARN IA company limit•d by guarnnt•e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Ponslon ¢ommltmonts Th8 group operates a deflned cntribUtIon p8nsion scheme. The a85els of the scheme are held Separately from thos8 of the group In an Indep8ndenlly admlnlslered fund. The pension $1 charge repro$ents contrlbutlons payabl8 by th8 eh8r118ble company to the fund and amounted to £8,386 (2023 £5,908). Conlribulions totalllng £nll (2023 £nll) were payable to tho fund al the balance sheet date. 21. Op•rntlng ¢ommllm•nl• At 31 March 2025 the Charftablo Company had commllments to make futura mlnlmum I$& payments under noTrcancellable op8rallng leases a8 follows: 2020 2024 Nol later than 1 year Later Ihan 1 year and nol later Ihan S Yr5 4,070 10,907 950 1,717 14,977 2,667 21 R•lated party tMn#actlon• The Charllable Company has nol anterod Inlo any related party transaction durlna the year. nor are there any outslanding balances owlng between related partlas and Ihe Charltable Company at 31 March 2025. Pago 38