Company Registered No. 08821484 Charity Registered No. 1160393 ALDER TRUST TRU5TEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024
ALDER TRUST (A COMPANY LIMITED BY GUARANTEE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 Charity Information Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-17
ALDER TRUST CHARITY INFORMATION FOR THE YEAR ENDED 29 FEBRUARY 2024 WORKING NAMES OF THE CHARITY: AlderTrust Firgrove Lillies Aldermoor Community Farm TRUSTEES: Dr PJ Clarke S Clarke A Arthur D Barclay S Hull R Brown (resigned 25109/20241 CHIEF EXECUTIVE OFFICER: D Barclay REGISTERED OFFICE: 107 Firgrove Southampton Hampshire S015 3ET REGISTERED COMPANY NUMBER: 08821484 REGISTERED CHARITY NUMBER: 1160393 BANKERS: Lloyds Bank plc Cobden House 12 Mosley Street Manchester M2 3AU INDEPENDENT EXAMINER: Marcus Cridland B.A.IHons) F.C.A. Scott Vevers Ltd. Chartered Accountants and Registered Auditors 65 East street Bridport Dorset DT63LB
ALDER TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 The Trustees present their report together with the financial statements of the Charity for the year ended 29 February 2024. The accounts have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity's governing document, applicable law and the requirements of the 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 IFRS 1021. OBJEcfivES AND AcfiviTIES Our Wision and Mission The vision of the trust is to enable communities to thrive. Every person should know their value. Our mission is to improve mental health and well-being, empowering people to live better, and find their place in community. Objects The objects of the charity are to improve mental health and wellbeing by". Relieving poverty, to advance education and to relieve need in individuals arising from their youth, age infirmity or disability, financial hardship or social circum5tance5. Developing the capacity and skills of members of disadvantaged communities in such a waythattheyare better able to identify, and help meettheir needs and to participate more fully in society. For any othercharitable purposesforthe benefit of communities a5 theTrustee decide from time to time. Activities Achieving our Mission andAims- creating a public benefit In compiling this report, we have referred tothe guidance contained in the Charity Commission's general guidance on public benefit and compiled the review of our aims and objective to reflect how our activities deliver public benefit. We run several accessible projects and create impactful partnerships to achieve our mission. We aim to fill the gaps we see in our communities through support, services and resources. ACHIEVEMENTS AND PERFORMANCE What we do to achieve our Vision, Mission Gnd Aims Alder Trust remains agile. inclusive, sustainable, accessible and transformational to ensure that we benefit the community with what is required. We provide projects, initiatives and support to the local community focuses on the current need. The primary focus for this years, activitie5 has been: The whole charity has moved onto a Salary matrix that is a better rate of pay for the job responsibility. This has helped us with recruitment a5 well as retention in staffing. We employed a Head of Fundraising and Innovation to focus on making connections with Grants and Trust5 to support all our projects.
ALDER TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 Firgrove & the Lilies: o Thi5 year the team took a difficult decision to start charging for the counselling sessions. We created a Bursary Fund so that those who couldn't afford the sessions could still access our service. We also subside 50% of the cost. Delivered a total of 911 hours of counselling, 241 cou nselling sessions were cancelled. This was acros5 123 client5, 8 of which are couples. Miscarriage is the most common type of loss that we support with Termination for Medical Reason {TFMRI and still-birth on the increase since last year. Princess Anne Hospital in Southampton and the Bereavement Midwives team are our highest referrers although we see a range of other services signposting to our Centre. From our evaluation forms to clients, 99% of clients would recommend our service and 95% said the delivery of our sessions was excellent. o Our two trainees qualified as counsellors, and we were able to employ both on 5 hours per week to continue working for usl o We have expanded our service to those experiencing infertility and those who have received a terminal diagnosis during their pregnancy. o Purple Doonmay has been handed over to us and we are preparing for delivering the training ourselves. We had an office renovation making a reception area forclients to wait in which is more welcoming than before. We also have a new hot desking in the back office so more people can work at the same time downstairs. o Throughout the year, we have worked on a 5-Year Plan for Firgrove so that we know where we'd like to get to over the years and the targets we need to meet financially to achieve this. We moved to an online calendar for the team to reduce the hassle with remote and part-time working. o Secured funding from Kind2Mind Campaign 1£9.6851, Michael and Betty Little Trust {£30,000}, Hospital Saturday Fund Association grant1£3,000) and 8&Q Foundation {£8,0001. Firgrove's Annual Quiz Night was a great success raising £1,171. Healthy Relationships: This year our project leader has defined the vision and mission of the projert to have clear focus and direction. o Delivered 48 Primary School sessions to over 370 pupils. o We have received feedback from 344 pupils and 8 teachers with 940A of the pupils enjoying the sessions and 91% learning new things in each session. "I've learnt its okay to be different. It5 importt7nt to be who you are." And of the teachers, 100% agreed the subject content covered were relevant and important, and IOOOA agreed that its valuable havlng an outside agency delivery Relationship sessions. .1 thought the 5esslons were brilliant. Carefully and sensitively delivered, intert7ctive und engoging. I thought the domestic abuse workshop e5peci(711y wt75 really important cTnd done in an age appropriate way. I think this should be delivered in oll Primory schools." Continuing team development in SRE by attending Solent Sexual Health training, Sexuality & Inclusivity, NSPCC online safety, Engaging Boys & Young Men and Consent & Touch for younger learners. o Part of two network forums for RSE and Teenage Pregnancy.
ALDER TRUST REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 o Developed resource5 for schools including a board game resource on the topic of stereotypes, 'Break the Mould,, an 'Empathy in Children, booklet, and revamped the Lifeline Manual to have up to date information. o Delivering sessions to primary schools for free with an £100 admin fee and charging secondary schoo15 for sessions to bring in income. Secured funding from Barker-mill Foundation 1£2,0001, 7Star5 {£2,5001, Hedlev Foundation {£3,0001 and a local business {£lO,000). Aldermoor Community Farm: 0 2023 Statistics on the Farm with volunteering: Hosted 190 volunteer sessions totalling 4318 hours of volunteering. We saw 80 individual volunteers. 26 volunteers gave over 30 hour5 10 volunteers gave over 100 hours 4 volunteers gave over 400 hours! o Of all the volunteers we have 14 young people and 36 were new this year. o The community of the farm has grown, with volunteer days increasing and a café opening in the Farm Shop to bring in people in a safe, outdoor space. o We have increased the team with more hours for the Lead Grower and added a Food Production Specialist and a Therapeutic Gardening Lead to the team. o Open Days are regular, with 4 each year, aligning with each season, bringing in new customers and increasing shop sales. We recruited an Animal Care volunteerto coordinate incubating chicken and duckeggs and looking after the resulting chicks and ducklings. o We explored the possibility of increasing the area of the farm by renting from the adjoining owners but this is not currently possible. We will revisit this in the years to come. The Farm Manager taught an Introduction to Permaculture Course three times over the year which is helping establish our centre of learning. o We hosted Southampton Green Network and Southampton Environmental Network which has connected the farm to othervoluntary organisations, schools and agencies. The Farm Shop opening times were extended during the summer holidays to provide extra supportforfamilies. We saw a new customer base come through but not enough to sustain the opening hours so we reduced back to the usual hours in September. o We moved the shop from the barn into two shipping containers loaned by local company Storage on Site. This is the first move in developing the steel barn into shop. kitchen and community space. o The Food Production Specialist role is working well and bringing in new customers for lunches, cakes in the café and preserves. o We supported a summer internship from the University of Southampton researching how we might use rainwater orspring water as a source of drinking water. FINANCIAL REVIEW Total reported income was £215,502 {2023: £239,700}. The net deficit for the year was £61,99812023: surplu5 of £84,313). Unrestricted reserves at 29 February 2024 were £220,078 12023: £260.243), including the freehold property valued at £180.00012023: £180,000) transferred from Firgrove Family Trust in 2018 and other designated fund5 Of £35.85812023: £71,716). Restricted funds at 29 February 2024 were £5,95312023: £27,786).
ALDER TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 Reserves Poli The directors have considered the level of reseNes they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside fund5 unnecessarily. The aspiration of the Trustee5 is to hold sufficient funds whereby the unrestricted funds not committed or invested in tangible fixed assets I'the free reserves'l held by the Charity represent between 3 and 6 months of core running costs of the overall charity. This amounts to approximately £4,000 to £8,000. At the year end free reserves amounted to £4,220. PLANS FOR THE FUTURE The Trust has the following principle objettives for the coming year: To make each project more financially sustainable. To make more relationships with local businesses resulting in support. To increase the wellbeing of our employee5 as well as beneficiaries. To double the amount of school sessions delivered for Healthy Relationships focusing on Primary. To develop more events within the Farm widening our community. To increase our volunteering hours I These objectives will continue alongside our support of other Charities, which may include consultancy and potentially other charities where this is alignment of objects, vision and values coming under the leadership and governance of AlderTrust. The Trust will aim to increase its Trustees to increase its public accountability and finances. STRUCTURE, GOVERNANCE AND MANAGEMENT Governin Document th The Charitable company was formed on 19 December 2013 and registered with the Charity th Commission for England and Wales on 9 February 2015. It Is governed by the Memorandum and th Articles of Association dated 19 December 2013. Trustees Trustees are elected and removed by the existing trustees. Trustees are recruited for various 5ki11s they bring to the organisation. New Trustees are issued with an induction pack and are invited to visit a number of projects during the year to gain first-hand knowledge of the value of the service we provide. The Trustee Board meets up to 4 four times a year for formal business meetings at which long-term strategy, current direction and finance are considered. The Board currently comprises of five Trustee5 who delegate the day to day running of the charity to David Barclay. Trustees who served during the year are listed on Page l. anisational Structure The board of Trustees meet at least quarterly (with senior staff attending as appropriatel. The operational management of the Charity is delegated to the Chief Executive Officer and his staff. They liaise with the Trustees on a frequent and regular ba51S.
ALDER TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024 Ma or Risks The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and busine55 risks which they face and confirm that they have established systems to mitigate the significant risks. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees are required under Charity law to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the financial activities of the Charity for that period. In preparing those financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with applicable laws and regulations. They are also responsible for ensuring that the Charity maintains an adequate system of internal control designed to provide reasonable assurance that assets are safeguarded against loss or unauthorised use and to prevent and detect fraud and other irregularities. In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. On behalf of the board: Dr P J Clarke Trustee Date:
REPORT OF THE INDEPENDEMf EXAMINER TO THE TRUSTEES OF ALDER TRusr I report tothe charity trustees on my examination of the accounts of the companyforthe year ended 29 February 2024, which are set out on pages 8 to 17. Responsibilities and basis of report As the charity trustees of the company land also 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 your company's accounts as carrled out under section 145 of the Charities Act 2011 ('the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ib) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: Accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or The accounts do not accord with those records; or 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 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 lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concern5 and have come acr055 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. Marcus Cridland B.A.{Honsl F.C.A. Scott Vevers Ltd. Chartered Accountants and Registered Auditors 65 East Street Bridport Dorset DT63LB Date.. IL!10 l.z.F....................
ALDER TRUST STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 29 FEBRUARY 2024 2024 Total 2023 Total Restricted Unrestricted funds funds funds funds Notes INCOME Income and endowments from: Donations and legacies 33,331 48,861 82,192 167,090 Charitable activities 36,349 96,791 133,140 72,588 Investment income 170 170 22 Total incoming resources 69,680 145,822 215,502 239,700 EXPENDITURE ON: Raising funds 1,480 291 1,771 2,797 Charitable activities 254,412 21.317 275.729 152,590 Total expenditure 255.892 21,608 277,500 155,387 Net income/lexpenditurel before transfers 1186,212) 124,214 161,9981 84,313 Transfers between funds 13 164,379 1164,3791 140,165) Net Movement in Funds for the year 121,833) {61.9981 84.313 Total Funds.. Brought Forward 27,786 260,243 288,029 203,716 Carried Forward 5.953 220,078 226,031 288,029 All incoming resources and resources expended derive from continuing activities. The notes on pages 10 to 17 form an integral part of these financial statements.
ALDER TRUST BALANCE SHEET AT 29 FEBRUARY 2024 Company Reglstratlon No. 08821484 2024 2023 Notes Fixed Assets Tangible assets io 200,908 203,358 Current assets Stock Debtors Cash at bank and in hand 8.540 3,108 20,450 32,098 5,772 2,482 81,135 89,389 li Creditors: Amounts falling due within one year 12 16,9751 14,7181 Net current a55et5 25,123 84,671 Total asset5 less current liabilities 226,031 288,029 The funds of the charity: Restricted Funds 13 5,953 27,786 Unrestricted fund5 Designated funds General funds 215,858 4,220 251,716 8,527 220,078 260,243 Total charity funds 226,031 288,029 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts: These accounts have been prepared in accordance with the provisions applicable to small companies regime and in accordance with FRS102 SORP. The financial statement5 were approved by the Board of Trustees on by: li IIL) IJ- and signed on it5 behalf Dr P J Clarke - Chair of Trustees The notes on pages 10 to 17 form an integral part of these financial 5tatement5.
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 l General information Alder Trust is a company, limited by guarantee. incorporated in England and Wale5 under the Companies Act 2006 and Charities Act 2011. The address of the registered office is provided in Reference and administrative details. Details of the charity's operations are provided in the Report of the Trustees. 2 Accounting policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Statement of compliance and basls of preparation The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared on a going concern basis under the historical cost convention and 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 1021, Icharities SORP IFRS 1021), the Companies Act 2006 and the Charities Att 2011. Accounting convention The financial Statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Income All incoming resources are included in the Statement of financial activities when the company has entitlement to the funds, certainty of receipt and the amount can be quantified with reasonable accuracy. Donated assets and services are included at their estimated open market valuation. No income 15 recognised where there is no financial cost borne by a third party. Classifjcation of expenditure Expenditure is included when incurred. Cost5 which are identified as relating to restritted projects are allocated directly to those activities. Costs which relate to the general running of the charity are allocated against unrestricted funds, and within the statement of financial activities these expenses are shown as Costs of raising fund5 and charitable activities (including support costs and governance costs). Governance costs are those relating to the charity's compliance with constitutional and statutory requirements. Tangible flxed assets Tangible fixed assets costing more than £500 are capitalised at cost. No depreciation is provided on buildings as in the opinion of the direttors, net realisable value is in excess of cost. No depreciation is charged on freehold land and buildings as the trustees have a policy of regular repair and maintenance to ensure they are maintained to the highest standard and their residual value will be in exce55 of cost, meaning any depreciation charge would be immaterial. Depreciation 15 provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows- Farm equipment Computer equipment Plant and machinery Fixtures and fittings 3 years straight line 3 years straight line 5 years straight line 15 years straight line io
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 2 Accounting policies (contlnued) Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost include5 all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate. Funds Restricted funds are funds subject to Specific conditions imposed by donors as to how they may be used. Unrestricted funds are those which are not subject to any special restrictions and they can be used as the Trustee5 decide. Designated funds are part of unrestricted funds and are amounts the Trustees have set aside to cover particular expenditure, Pensions The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. Financial instruments cla5sificotion Financial assets and financial liabilities are recogni5ed when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Recognition and meosurement All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value Iwhich is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transactions. If an arrangement constitutes a financing transaction, the financial a55et or financial liability is measured at the present value of the future payments discounted at a market rate of interest for similar debt instruments. Financial assets and liabilities are only offset in the statement of financial p051tion when, and only when there exists a legally enforceable right to set off the recogni5ed amounts and the charity intends either to settle on a net basis. or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when al the contractual rights to the cash flows from the financial asset expire or are settled, bl the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or cl the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecogni5ed only when the obligation specified in the contract 15 discharged, cancelled or expires. 3 Donations and legacies Restricted Unrestricted 2024 2023 Donations and gifts Gift Aid 28,215 5,116 33,331 47,901 960 48,861 76,116 6,076 82,192 159,467 7,623 167,090 li
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 4 Charitable activities Restricted Unrestricted 2024 2023 Fundraising Grants Sale5 Coun5elling sessions Venue hire Other income 9,878 26,190 80 274 10,152 26,190 80,733 14,950 1,081 34 133,140 11,052 80,653 14,950 880 34 96,791 60.450 201 827 259 72,588 36,349 5 Other costs of raising fund5 Restricted Unrestricted 2024 2023 Fundraising Advertising and marketing 218 220 1.551 1.771 1,270 1,527 2,797 1,262 1,480 289 291 6 Charitable activities costs Restricted Unrestricted 2024 2023 Staff costs Direct costs Support costs Governance costs 165,804 63,683 24,925 12,677 412 6,428 1.800 21,317 178,481 64.095 31,353 1,800 275,729 89,930 40,077 20,684 1,899 152.590 254,412 Staff costs.. Direct staff salaries Support staff salaries Other staff costs 163,790 163,790 12,466 2.225 178,481 83,712 3,819 2,399 89.930 12,466 211 2,014 165,804 12,677 Dirert costs.. Cost of sales Project charges Depreciation Volunteers costs Travel expenses 47,690 13,922 2,047 47,690 13,922 2,450 38,271 439 1,309 403 16 25 64,095 58 40.077 63,683 412 Support costs.. Insurance Office expenses Property costs Legal and professional fees Bank charges 695 5,682 17,447 139 962 345 1,222 40 4,813 1,040 6.904 17,487 4,952 970 31,353 1,797 7,697 4.002 6,536 652 20,684 24,925 6.428 Governance cost5.' Accountancy fees 1,800 1,800 1.800 1.800 1,899 1,899 12
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 7 Staff costs No remuneration or expenses were paid to trustees in the year12023.. £nil). The costs of the remaining staff were.. 2024 2023 Wages and salaries Social security costs Pension cost5 173,513 1,605 1,138 176,256 87,025 261 245 87,531 No employee earned more than £60,000 during the year. The number of staff employed by the charity during the year was as follows: 2024 No. 2023 No. Support costs Charitable activities 17 18 16 17 8 Net income/ (expenditure) for the year This is stated after charging: 2024 2023 Depreciation of tangible fixed assets Independent examiner's remuneration 2,450 1,800 1,309 1.740 9 Defined contribution pension scheme The charity operates a defined contribution pension scheme. The assets of the scheme are administered bv trustees in a fund independent from those of the charity. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £1,138 (2023: £2451. 13
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 10 Tangible fixed assets Freehold land & buildings Plant & machinery Total Cost or valuation A5 at l March 2023 As at 29 February 2024 180,000 180,000 28,066 28,066 208,066 208,066 Depreciation As at l March 2023 Charge for the year A5 at 29 February 2024 4,708 2,450 7,158 4,708 2.450 7,158 Net book value As at 29 February 2024 180,000 20,908 200.908 As at 28 February 2023 180,000 23,358 203,358 The freehold property was transferred from the Firgrove Family Trust in 2018. Whilst the trustees consider that the market value is higher than the carrying value of the freehold land & buildings, it is not practical to quantify the difference. 11 Debtors 2024 2023 Trade debtors Gift Aid recoverable Prepayment5 and accrued income 505 540 2.063 3,108 loo 1,358 1,024 2,482 12 Creditor5: Amounts falling due within one year 2024 2023 Trade creditors Social security and other taxes Other creditors and accruals 1,623 2,829 2.523 6,975 2,545 267 1,906 4,718 14
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 13 Funds Incoming resources Resources expended 01.03.23 Transfers 29.02.24 Restrirted funds Aldermoor Community Farm Aldermoor Community Farm - Poly Tunnel Aldermoor Community Farm Intern fund Aldermoor Community Farm - Outdoor Kitchen Aldermoor Community Farm Fundraising Salaries Aldermoor Community Farm SOTON University fund Firgrove Firgrove- B&Q Foundation Firgrove - Restricted bursary fund Firgrove The Big Give Healthy Relationships 2,193 4,814 255 804 1156,7731 1179} 1804) 144,048 15.7181 76 loo iioo} 560 (560) 2,300 12,300) 22,846 19,387 8,000 14,967 2,208 16,285 69,680 {62,5641 18,000) 18, 1721 14,435) {12,0051 {255.892) 20.331 6,795 2,227 520 27,786 4,800 5,953 164,379 Designated Funds Aldermoor Community Farm Firgrove Healthy Relationships Fixed Asset Reserve 62,594 6,929 2,193 180.000 251.716 81,454 45,538 1,538 1144,0481 120,3311 32,136 3,722 180,000 215.858 19) 128,530 191 1164,3791 General Funds Unrestricted Reserves Policy 5.385 3.142 8,527 17,292 121,5991 1,078 3,142 4,220 17,292 121,5991 Total 288,029 215,502 1277,500) 226.031 15
ALDER TRUST NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 29 FEBRUARY 2024 13 Funds (continued) Incoming resources Resources expended 01.03.22 Tnynsfers 28.02.23 2023 Restrirtedfunds Aldermoor Community Farm Aldermoor Community Form - Poly Tunnel Aldermoor Community Farm Solaries Aldermoor Community Form Fundraising Salaries Firgrove Firgrove - The Big Give Lilies Healthy Relationships Healthy Relationships Salaries 83,496 4.200 (81,940) (13) 637 (4,187) (608) 2,193 608 1,370 (1,341) (29) 10,045 80 3,626 49,298 2,921 (40,123) (774) 3,626 22.846 2,227 (3,626) 1,250 4,005 146,540 1730) (4,005) (128,926) 520 14,359 (4.187) 27,786 Designoted Funds Aldermoor Community Form Firgrove Healthy Relationships FixedAsset Reserve 61.574 6,099 2,188 (140) 1,160 62,594 6,929 2,193 180.000 251, 716 830 180,000 180.830 69.861 (135) 1,160 General Funds Unrestrirted Reserves Policy 5,385 3,142 8,527 23.299 (26,326) 3,027 5,385 3,142 8,527 23,299 (26,326) 3.027 Total 203,716 239. 700 (155,387) 288,029 Restricted Funds Aldermoor Community Farm aims to nurture the potential of people and land. Promotes sustainability. An outdoor kitchen has been built to help deliver the farms educational programmes. Fundraising has also been ongoing to increase the farm managers schedule. Firgrove provides free support and information for those facing unintended pregnancy s well as pre and post abortion, miscarriage and baby10s5 counselling Southampton. They have built a third counselling unit with a grant from the Big Give. Healthy Relationships delivers sessions in local schools developing resources and training for 5chool5. teachers and students to reduce violence against women and girl5. Designated Funds The net book value of fixed assets is shown as a separate designated fund. The fixed asset reserve of £180,000 is for the use of Firgrove for charitable activity. The trustees have Set up designated funds for Aldermoor Community Farm, Firgrove and Healthy Relationships. to allow them to create sustainability for the different areas of the charity, which will be internal ly managed at trustees meetings. 15
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 14 Analysis of fund balances between net assets Total Designated General Unrestricted Restricted funds funds funds funds Total Tangible fixed assets Current assets Current liabilities 180,000 35,858 20,908 19,7131 16,9751 200,908 26,145 {6,9751 200,908 32,098 16,9751 5,953 Total funds 215,858 4.220 220,078 5,953 226,031 2023 Tangiblefixed a5set5 Current ¢7ssets Current liabilities 180,000 71,716 23,358 110,1131 14,718} 203,358 61,603 (4.7181 203,358 89,389 (4, 718) 27,786 Totolfunds 251. 716 8,527 260,243 27.786 288,029 15 Financial instruments 2024 2023 Categorisation of financial instruments.. Financial assets that are debt instrument measured at amortised cost 30.035 88,365 Financial liabilities measured at amortised cost 6,975 4,718 Items of income, expensei gain5 or10s5e5 The total interest income for financial assets not measured at fair value through profit or loss is £170 12023: £22). 16 Related party transactions Donations totalling £5,688 were made to the charity by four trustees during the year. 17