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2025-10-31-accounts

Charity number: 1159007

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

CONTENTS
Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 9
Independent examiner's report 10
Statement of financial activities 11
Income and expenditure account 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14 - 23

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2025

Trustees

Joanne Ellison (appointed 28 November 2025) Karen Wardle Andrew Robert Pratt MBE Jeanette Smalley Tayo Korede (appointed 17 December 2025) Mark George Jewell (appointed 7 December 2025)

Charity registered number

1159007

Registered office

Ashton Park, Preston, Lancashire, PR2 1HL

Accountants

CW Accountants Limited, Office 5, The Boulevard Centre, 45 Railway Road, Blackburn, Lancashire, BB1 1EZ

Bankers

The Co-Operative Bank PLC, PO Box 101, 1 Balloon Street, Manchester, M60 4EP

Page 1

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2025

The Trustees present their annual report together with the financial statements of the company for the 1 November 2024 to 31 October 2025. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

Objectives and Activities

a. POLICIES AND OBJECTIVES

Our objectives are;

  1. Improve and maintain for the benefit of the inhabitants of Preston (defined as the PR postcodes) and its visitors, the gardens, landscaped areas, open spaces, playing fields, playgrounds and recreational amenity spaces with the object of improving the conditions of life of the public by providing resources and support which are ancillary to those provided by the local authority.

  2. The advancement of education in the conservation, protection and improvement of such places with the object of improving the health and well-being, and developing the self-confidence, social skills, work skills and horticultural skills of the inhabitants of Preston (defined as the PR postcodes) and its visitors.

b. ACTIVITIES FOR ACHIEVING OBJECTIVES

Main activities of Let's Grow Preston CIO

Provide training/resources to help community groups to manage and maintain green spaces Provide a network of communication and support for community environmental groups, activities and people Promote an environment of skill sharing, volunteering and sharing of resources Encourage the formation of new community-based groups Promote and publicise community environmental activities

These activities can be further broken down into the following categories

c. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT

Social and Therapeutic Horticulture

Delivered over 550 horticulture sessions with an average attendance of 14 people, resulting in over 21,000 volunteer hours.

Based on the Real Living Wage (£13.85/hour), the volunteer contribution is valued at approximately £7620.

Community Events and Outreach

Hosted 1 annual Spring Fair, attracting over 500 attendees. This event showcases diverse performances

Page 2

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 OCTOBER 2025

including brass bands, Bollywood dancers, and featured local, ethical traders.

National Garden Scheme Open Day, engaging an average of 45 attendees per event, connecting us to local gardening clubs and businesses.

Attended major community events such as Preston Mela, and various fetes and fairs, reaching approximately 1000 individuals

Bulbs of hope project reached over 300 individuals

Various public speaking events and represented

Workshops and Training

Delivered 10 outreach workshops (e.g., Leave an Impression, Sowing Seeds for the Community) in community centres across Preston, engaging around 300 individuals.)

Ran over 10 training courses in horticulture and willow weaving, averaging 12 attendees per course. Participants valued each course at approximately £35.

Provided 60 hours of outreach activities across 8 schools, engaging over 40 children.

Facilitated 2 cookery courses for a total of 30 participants.

Regularly run a bereavement café, sewing club, and "chat and chippy" events, each engaging around 30 people monthly from the hub on Grange park.

Volunteering and Employment

Maintain an active volunteer base of 60–80+ volunteers weekly across three sites (currently over 80 individuals, with further growth expected).

Over 300 individuals are registered on our volunteer database.

87% of beneficiaries and volunteers report improved mental health from participating in our activities. 6 individuals reported that our services directly prevented their death by suicide.

Supported the direct employment of 1 volunteer through progression from volunteering.

Food Distribution and Environmental Impact

Distributed 982.99 kg of fruit and vegetables, valued at £7000 retail, providing approximately 9,000 meals and saving 2391.91 kg. of carbon, according to the Sustain Harvestometer.

Weekly van collections from Fareshare: over 30 food collections annually, supporting an estimated 300 families each week.

Donated over 200 buckets of living vegetables to families and primary schools at engagement events. Provided over 30 donations of gardening equipment (e.g., wheelbarrows, pots, seeds) to schools, community gardens, and local organisations.

Repaired and redistributed over 20 recycled tools back into community gardens.

Support for Community Groups

10 local groups benefit from our umbrella public liability insurance, saving approximately £3,000 collectively over the year.

Equipment loans (wheelbarrows, apple press, tools) have saved community organisations at least £500 over the project period.

We share our policies and other documents with groups to save them time and money. We provide training in how to complete risk assessments and how to manage volunteers safely

We collaborate to facilitate safeguarding training and other training matters such as outdoor first aid and mental health first aid so that community growers, allotmenteers and friends of open spaces have access to this kind of training

We facilitate monthly meetings where members can share their updates and resources and we operate a wish list and bulk buying discounts for materials like mulch, seeds and compost.

Accredited Learning

Over 75 individuals have gained accredited horticultural qualifications through courses delivered onsite by Lancashire Adult Learning and Myerscough College.

Sustainability Practices

Page 3

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 OCTOBER 2025

Donations of plant pots and materials from local florists and suppliers diverted approximately 3 tonnes of waste from landfill annually, saving us about £200 per year.

General public donations of materials saved us a further £200 annually in purchasing costs.

From January to June we facilitated a sewing club which had on average 9 attendees each week learning how to repair and create clothes. This has meant that people are throwing away less clothing and are reusing and repurposing more material.

Education and Schools Engagement

Hosted over 200 visits from primary schools, secondary schools, and colleges, including students with special educational needs and disabilities (SEND).

We frequently facilitate home schooled pupils and their carers

Environmental Clean-up

Organised 7 litter picking events, averaging 15 participants per event.

d. VOLUNTEERS

Our volunteers are from all walks of life including:

We continue to work with young people under 18, accompanied by a responsible adult.

We work with young people over 17 on their own, provided we have a positive and communicative relationship with their parent or carer and that we trust that the parent or carer will be contactable if required. Safeguarding underwrites our ethos for nurturing and working with our volunteers, our staff and the entire community.

Our volunteers are crucial to the continuation of Let’s Grow Preston. We are extremely grateful to our volunteers for their consistent efforts and enthusiasm.

We value our volunteers enormously; we are guided and inspired by their input.

We have created a volunteer handbook which we believe expresses our investment in the volunteers and will be creating a further handbook and development strategy for Volunteer Leaders who will take on more responsibility, enabling longer and more opening times, more opportunities for LGP to take part in activities which is currently difficulty to achieve with only our small team of employed staff.

Our volunteers and beneficiaries typically report that they feel better, and better about themselves after a volunteering session with Let’s Grow Preston.

Page 4

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 OCTOBER 2025

It is testimony to the investment in our volunteers that has resulted in the Hub on Grange Park now being staffed independently by volunteers, as planned.

If you wish to join our team of volunteers, we would be delighted for you to do so, please contact annie@letsgrowpreston.org

Achievements and performance

a. REVIEW OF ACTIVITIES

How, What and When have we achieved these

We support a network of community gardens and gardeners across the PR postcodes and have assisted in improving or creating gardens and green spaces by providing advice, tools, volunteers and plants. Following the principles of Social Therapy in Horticulture, we work with volunteers to improve their physical, mental and social well-being. With the increase in cost of living impacting on fuel poverty and food poverty, the detrimental effect on mental health, the demand for our services continues to increase.

Our volunteers have the experience of growing significant quantities of food at both the LGP sites and have continued to collect surplus harvest from the 600 allotmenteers of Preston.

Grange community Gardens has benefited from funding which has enabled us to create a propagation room, shaded polytunnel and improved herbaceous boarders, as well as renewing the timber in the raised beds. This means that we have significantly increased the methods of horticulture and facilities for delivering horticultural activities at Grange Community Gardens and hence provided our volunteers with experience of conducting horticultural work and activities. We have continued to grow as much food as possible on site and collecting surplus harvest from the 600 allotmenteers of Preston.

As a Charitable Incorporated Organisation, the Charity Commission provides direction on how we can generate a surplus and is particularly clear on trading and how and when we are able to trade and raise surplus for our charity.

Following the principles of Social Therapy in Horticulture, we work with volunteers to improve their physical, mental and social well-being. We recognise that the cost of living increased tremendously, including fuel poverty and food poverty, leading to the demand for our services to continuously increase.

We are open for volunteering sessions at least 50 weeks a year. There are regular tasks to be done each week and seasonal tasks such as pruning, harvesting and mulching. We value our volunteers and ensure that they have purposeful and productive activities to do every session.

The plants that we grow at our sites with volunteers and site users are used to:

a) Furnish our own sites, and pass on to be used by community gardens across the PR postcode, and by friends of open spaces and parks. b) They are planted into buckets as growing vegetables which have been given to schools, libraries and members of the public at roadshows.

c) Plants and seedlings have been donated to the allotmenteers of Preston in exchange for their harvests. d) The surplus plant stock is sold from our sites and at markets to raise funds for the organisation. This in itself also improves a volunteer’s or a site user’s sense of usefulness - which is incredibly important. e) Let’s Grow Preston receives donations of plants, bulbs and seeds which we grow to use or grow to sell to support our charitable activities. f) We continue to develop and mutually benefit from relationships with local suppliers and nurseries such as

Page 5

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 OCTOBER 2025

Brighter Blooms, Newgate Nurseries, Holland House Farm, Bannister Hall Gardens and Peter H Smith.

In addition to above

We aim to have a new building erected to manage the increased demand upon our services with a community café which will generate a sustainable income to support the staff costs

We will develop more relationships with local businesses and high net worth supporters to generate more support in kind and more donations from business who take their corporate social responsibility towards the environment and peoples’ health seriously, as do we.

We will source funding to replace our raised beds and will source funding for an outdoor kitchen because we know that our volunteers and beneficiaries can grow food but they don’t necessarily know how to cook it, so we will collaborate with local organisations who teach food cookery to deliver workshops and opportunities to cook and eat together

Testimonials

Karen Livesey, CEO of No Whispers CIC, praised our Volunteer Handbook-

“I was working on your Volunteer policy and reading it gave me a warm almost ‘Ready Brek feeling’… The handbook is clear, detailed, and focused on empowering people within a safe culture with strong safeguarding messages. Great stuff.”

Right honourable the Mayor of South Ribble Borough Council – Paul Wharton-Hardman

It's not just about creating beautiful green spaces, it's about building communities, improving wellbeing and giving people a sense of pride and purpose

Teacher from Tom Finney High School

I just want to say a huge thank you for giving us the opportunity to volunteer and learn new skills in our horticulture sessions last term. The pupils were able to learn a lot about the different types of plants and gain understanding of how to maintain gardens, which they have put into practice both back at school and in their gardens.

Many pupils at our school have physical disabilities, which are often a barrier to their learning. However, you and your volunteers were able to boost their confidence and expectations of what they can and can't do.

Many also have social anxieties or lack of understanding in how to interact in a social setting. You offered us and continue to offer us a welcoming and safe environment for pupils to develop their understanding and put strategies that they learn in school, into practice, without any stigma.

It is important for our pupils to have opportunities to meet less familiar faces and learn more about safer strangers and gain confidence when communicating with people they do not know. Pupils thrived with this when working in your garden.

We have some pupils who attended the sessions who often go into crisis if they get wet or dirty and they were accepting of both in your sessions. They have clearly built their resilience in this area.

It has been lovely watching the pupils grow and develop and to see so many happy faces, particularly when they could see the 'fruits of their labour'!

Thank you so much, we look forward to working with you again this year!

Financial review

a. GOING CONCERN

Page 6

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 OCTOBER 2025

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. RESERVES POLICY

The reserves policy for Let's Grow Preston is observed and monitored by the trustees alongside the Risk Register.

Structure, governance and management

a. CONSTITUTION

The company is registered as a charitable company limited by guarantee and was set up by a Trust deed on 24/10/2014 .

The company is constituted under a Trust deed dated 24/10/2014 and is a registered charity number 1159007.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. A skills analysis is also considered for the election of trustees to ensure that the individual meets the CIO's needs. Re election is completed on a regular basis and recruitment is based on eliminated skills of the current board at the time.

c. ORGANISATIONAL STRUCTURE AND DECISION MAKING

There are currently four employees and one paid contractor of Let's Grow Preston CIO; A Project Development Manager, Communication and Logistics Officer, Horticultural Project Officer and a Volunteer Co-coordinator. The Chief Executive Officer has day to day management of the organisation and reports to the board on a regular basis. The trustees have quarterly meetings.

d. RISK MANAGEMENT

The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Two of the major risks identified by the CIO are;

  1. Reputational Risk

As the organisation is in the community every day and uses volunteers, the organisation cannot control the threat or danger to the organisation name.

  1. Operational Risk

Due to the primary income of the organisation being from one main source which includes partnership working, there is a risk that there may be a break down in communication or the funding coming to an end.

Plans for future periods

a. FUTURE DEVELOPMENTS

The Future and Strategy Planning

Page 7

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 OCTOBER 2025

We will continue to

Strategic Planning

There are several significant projects we are looking at over the next 5 to 10 years.

LGP have established relationships with accredited horticultural training organisations, we will therefore continue to recruit candidates and reinforce the accredited training provided in the community, building resilience and confidence in individuals. Using our connections with local colleges and University of Central Lancashire, we will ensure that potential candidates are supported for higher education and further education with local trainers. Why is this important? Because many of our volunteers and service users come to us at their lowest ebb, they are frequently off work on a long-term basis, the headspace that our work provides, and the reflective listening we provide enables a human to rethink their life circumstances. We can identify education pathways and we can empower and enable volunteers to learn new skills and change their careers/vocations.

Our work in environmental education including climate and sustainability, food distribution, food waste education, and community building uniquely positions us to collaborate effectively with Preston's anchor and community organisations to support these strategic goals. Through collaborative funding applications, we will deliver a programme of outreach work that connect culture to horticulture to the communities using methods and messages of stealth sustainability.

We have outgrown our building at Ashton Walled Garden and will work with Preston City Council, our stakeholders and potential funders to create a new building within the grounds of the walled garden that meet the needs of all of the groups that currently use the building and is future proof, providing amply facilities for a community café, where our volunteers and service users can learn how to prepare and cook the food that we grow, and providing a training room and facilities for community organisations to use, as well as adequate facilities for staff breaks and private consultations.

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees (who are also directors of Lets Grow Preston for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

Page 8

LETS GROW PRESTON (A Charitable Incorporated Organisation)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 OCTOBER 2025

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees, on

and signed on their behalf by:

28th August 2026

Trustee

Page 9

LETS GROW PRESTON (A Charitable Incorporated Organisation)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LETS GROW PRESTON (the 'company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 October 2025.

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Dated: 28th August 2026

Courtney Wright BA FCCA

Office 5, The Boulevard Centre, 45 Railway Road, Blackburn, Lancashire, BB1 1EZ

Page 10

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025

Unrestricted
funds
Note
2025
£
INCOME FROM:
Donations and legacies
2
7,193
Other trading activities
16,067
TOTAL INCOME
23,260
EXPENDITURE ON:
Charitable activities
53,025
TOTAL EXPENDITURE
53,025
NET EXPENDITURE BEFORE INVESTMENT
LOSSES
(29,765)
Net losses on assets
-
NET EXPENDITURE BEFORE OTHER
TOTAL FUNDS CARRIED FORWARD
RECOGNISED GAINS AND LOSSES
(29,765)
NET MOVEMENT IN FUNDS
(29,765)
RECONCILIATION OF FUNDS:
Total funds brought forward
38,174
8,409		 Restricted
funds
2025
£
97,566
-
97,566
98,767
98,767
(1,201)
-
(1,201)
(1,201)
25,914
24,713		 Total
funds
2025
£
104,759
16,067
120,826
151,792
151,792
(30,966)
-
(30,966)
(30,966)
64,088
33,122		 Total
funds
2024
£
100,635
16,976
117,611
159,554
159,554
(41,943)
(1,207)
(43,150)
(43,150)
107,238
64,088

The notes on pages 14 to 23 form part of these financial statements.

SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2025

Note
GROSS INCOME IN THE REPORTING PERIOD
Less: Total expenditure
NET INCOME FOR THE FINANCIAL YEAR
9		 Total
funds
2025
£
120,826
151,792
(30,966)		 Total
funds
2024
£
116,404
-
(43,150)

The notes on pages 14 to 23 form part of these financial statements.

Page 11

LETS GROW PRESTON

(A Charitable Incorporated Organisation) REGISTERED NUMBER: 0000000

BALANCE SHEET AS AT 31 OCTOBER 2025

Note
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Debtors
7
Cash at bank and in hand
CREDITORS:amounts falling due within
one year
8
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
9
Unrestricted funds
9
TOTAL FUNDS		 £
-
26,447
26,447
(3,279)		 2025
£
9,954
23,168
33,122
24,713
8,409
33,122		 £
3,440
50,688
54,128
(2,482)		 2024
£
12,442
51,646
64,088
25,914
38,174
64,088

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved and authorised for issue by the Trustees on signed on their behalf, by:

and

The notes on pages 14 to 23 form part of these financial statements.

Page 12

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2025

Note
Cash flows from operating activities
Net cash used in operating activities
11
Change in cash and cash equivalents in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
12		 2025
£
(24,241)
(24,241)
50,688
26,447		 2024
£
(71,788)
(71,788)
122,476
50,688

The notes on pages 14 to 23 form part of these financial statements.

Page 13

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Lets Grow Preston meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Reconciliation with previous Generally Accepted Accounting Practice

In preparing these accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.

No restatements were required.

1.3 Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

Page 14

(A Charitable Incorporated Organisation)

LETS GROW PRESTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

1. ACCOUNTING POLICIES (continued)

1.4 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

Page 15

LETS GROW PRESTON (A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

1. ACCOUNTING POLICIES (continued)

1.6 Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.7 Tangible fixed assets and depreciation

All assets costing more than £1,000 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

1.8 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

1.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.10 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

Page 16

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

1. ACCOUNTING POLICIES (continued)

1.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2. INCOME FROM DONATIONS AND LEGACIES

Unrestricted
funds
2025
£
Donations
6,193
Grants
1,000
Total donations and legacies
7,193
Total 2024
52,527		 Restricted
funds
2025
£
1,200
96,366
97,566
48,108		 Total
funds
2025
£
7,393
97,366
104,759
100,635		 Total
funds
2024
£
8,059
92,576
100,635

Page 17

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

3. ANALYSIS OF EXPENDITURE

Staff wages
Telephone/ broadband
Advertising/ promotion
Printing/ stationery
Insurance
Subscriptions
Materials/ equipment
Computer costs
Motor costs
Accountancy costs
Depreciation
Legal and professional
Refreshments
Office equipment/ costs
Training costs
Bank Charges
Repairs/ maintenance
NET INCOME/(EXPENDITURE)
This is stated after charging:
Depreciation of tangible fixed assets:
- owned by the charity		 2025
£
106,945
5,104
1,222
671
6,510
1,003
19,951
450
3,873
450
2,488
877
167
420
-
179
1,482
-
-
-
151,792
2025
£
2,488		 2024
£
120,661
3,692
361
218
5,197
2,167
13,931
614
2,857
150
2,861
531
201
2,309
311
7
3,486
-
-
-
159,554
2024
£
2,861

4. NET INCOME/(EXPENDITURE)

During the year, no Trustees received any remuneration (2024 - £NIL). During the year, no Trustees received any benefits in kind (2024 - £NIL). During the year, no Trustees received any reimbursement of expenses (2024 - £NIL).

Page 18

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

5. STAFF COSTS

Staff costs were as follows:
2025
£
Wages and salaries
106,945
The average number of persons employed by the company during the year was as follows:		 2024
£
120,661
2025 2024
No. No.
3 4

No employee received remuneration amounting to more than £60,000 in either year.

6. TANGIBLE FIXED ASSETS

Cost
At 1 November 2024 and 31 October 2025
Depreciation
At 1 November 2024
Charge for the year
At 31 October 2025
Net book value
At 31 October 2025
At 31 October 2024
7.
DEBTORS
Prepayments and accrued income		 Plant and
machinery
£
2,028
1,676
70
1,746
282
352		 Motor
vehicles
£
17,880
5,790
2,418
8,208
9,672
12,090
2025
£
-		 Total
£
19,908
7,466
2,488
9,954
9,954
12,442
2024
£
3,440

Page 19

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

8. CREDITORS: Amounts falling due within one year

CREDITORS: Amounts falling due within one year
Other taxation and social security (see below)
Other creditors
Accruals and deferred income
Other taxation and social security
PAYE/NI control		 2025
£
2,451
378
450
3,279
2025
£
2,451		 2024
£
1,054
378
1,050
2,482
2024
£
1,054

Page 20

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

9. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Balance at
1 November
2024
£
Unrestricted funds
Reserves
38,174
Restricted Funds
25,914
Total of funds
64,088
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
1 November
2023
£
Income
£
General funds
Reserves
13,106
67,976
Restricted Funds
94,132
49,635
SUMMARY OF FUNDS - CURRENT YEAR
Balance at
1 November
2024
£
General funds
38,174
Restricted funds
25,914
64,088		 Income Expenditure
£
£
23,260
(53,025)
97,566
(98,767)
120,826
(151,792)
Gains/
Expenditure
£
(Losses)
£
(41,701)
(1,207)
(117,853)
-
Income Expenditure
£
£
23,260
(53,025)
97,566
(98,767)
120,826
(151,792)		 Balance at
31 October
2025
£
8,409
24,713
33,122
Balance at
31 October
2024
£
38,174
25,914
Balance at
31 October
2025
£
8,409
24,713
33,122

Page 21

(A Charitable Incorporated Organisation)

LETS GROW PRESTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

9. STATEMENT OF FUNDS (continued)

SUMMARY OF FUNDS - PRIOR YEAR

Balance at
1 November
2023
£
General funds
13,106
Restricted funds
94,132
107,238		 Gains/
Balance at
31 October
Income
£
Expenditure
£
(Losses)
£
2024
£
67,976
(41,701)
(1,207)
38,174
49,635
(117,853)
-
25,914
117,611
(159,554)
(1,207)
64,088

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted
funds
2025
£
Restricted
funds
2025
£
Tangible fixed assets
9,954
-
Current assets
1,734
24,713
Creditors due within one year
(3,279)
-
8,409
24,713		 Total
funds
2025
£
9,954
26,447
(3,279)
33,122

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

Unrestricted
funds
2024
£
Restricted
funds
2024
£
Tangible fixed assets
12,442
-
Current assets
28,214
25,914
Creditors due within one year
(2,482)
-
38,174
25,914		 Total
funds
2024
£
12,442
54,128
(2,482)
64,088

Page 22

LETS GROW PRESTON

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

11. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the year (as per Statement of Financial Activities)
Adjustment for:
Depreciation charges
Loss on the sale of fixed assets
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash used in operating activities
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Total		 2025
£
(30,966)
2,488
-
3,440
797
(24,241)
2025
£
26,447
26,447		 2024
£
(43,150)
2,861
1,207
(1,832)
(30,874)
(71,788)
2024
£
50,688
50,688

12. ANALYSIS OF CASH AND CASH EQUIVALENTS

13. RELATED PARTY TRANSACTIONS

There have been no related party transactions throughout the financial year.

14. POST BALANCE SHEET EVENTS

There have been no significant events affecting the company since the year-end.

15. CONTROLLING PARTY

Those trustees listed on page one of the accounts control the company.

Page 23