Company Registered No. 08821484 Charity Registered No. 1160393 ALDER TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 28 FEBRUARY 2025
ALDER TRUST (A COMPANY LIMITED BY GUARANTEE)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
| Charity Information | 1 |
|---|---|
| Report of the Trustees | 2-7 |
| Report of the Independent Examiner | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11-19 |
ALDER TRUST
CHARITY INFORMATION FOR THE YEAR ENDED 28 FEBRUARY 2025
| WORKING NAMES OF THE CHARITY: | Alder Trust |
|---|---|
| Firgrove | |
| Lillies | |
| Aldermoor Community Farm | |
| TRUSTEES: | Dr P J Clarke |
| S Clarke | |
| A Arthur | |
| D Barclay | |
| S Hull | |
| R Brown (resigned 25/09/2024) | |
| CHIEF EXECUTIVE OFFICER: | D Barclay |
| REGISTERED OFFICE: | 107 Firgrove |
| Southampton | |
| Hampshire | |
| SO15 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.(Hons) F.C.A. |
| Scott Vevers Ltd. | |
| Chartered Accountants | |
| and Registered Auditors | |
| 65 East Street | |
| Bridport | |
| Dorset | |
| DT6 3LB |
1
ALDER TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 The Trustees present their report together with the financial statements of the Charity for the year ended 28 February 2025. 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 Repu blic of Ireland IFRS 1021. OBJEcfivES AND AcfiviTI ES Ourvision 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 wel l-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 inf irmity or disability, financial hardship or social circumstances. Developing the capacity and skills of members of disadvantaged communities in such a way that they are better able to identify and help meet their needs and to participate more fully in society. For any other charitable purposes for the benefit of communities as theTrustee decide from time to time. Activities Achieving our Mission ond Aim5- creating a public benefit In compilingthis report, we have referred to the guidance contained in the Charity Commission's general guidance on public benefit and compiled a review of our aims and objective to reflect on 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 and Aims People who are more socially connected to family, friends and their community have fewer mental health problems. That's why we create a compassionate and transforming culture in all our teams and their projects. We represent respectful relationships, inclusive communities and enjoyment of life. We recognize how big the need is when it comes to improving mental health and well-being. That's why 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. The primary focus for this year's activities has been: To keep mental health and wellbeing the focu5 for our employees, volunteers and beneficiaries. We delivered our first charity-wide wellbeing day to promote our main charitable objective throughout all the projetts.
ALDER TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 To develop a vision plan for the whole charity, linking all projects together creating more synergy between the distinct individual activities we deliver. To registerforVAT as we went overthe threshold with our income from our counselling service and Farm Shop combined. This has been a big process but with the support of our bookkeepers (Neon Numbers) we managed this development smoothly. Firgrove & the Lilies: We delivered 947 hours of counselling to those experiencing pregnancy and baby loss. 0 49% of these were due to miscarriage o Il% for Termination for Medical Reason o Il% for Neo-natal Deaths 0 7% for Ectopic pregnancies 0 7% for Post-abortion 0 50A for Still-birth Saw 162 people through our Centre throughout the year through initial booking in sessions and ongoing counselling sessions. 23% of all referrals came from our local hospital teams {Bereavement Midwives and the Foetal Medicine Team) We have moved all our forms and processes onto an online booking system which is making administration for the counsellors and clients a much smoother process. We have created an ending client pack for our closing clients to take away with them including small sunflower pouch, two heart chocolates, Firgrove bookmark, quote card and fundraising card. We created a video to promote our work to local organisations and churches to gain more fundraising and financial su pport. Held an event at our sister project, Aldermoor Farm's site, with SANDS for those who have experienced loss. Purple Doorway now has a dedicated team of three counsellors to push forward the project to deliver training in the next financial year. "I wos made tofeel comfortable and to know th(7t I could soy onything without being judged. It was hard to be honest about how Ifeltabout myself. Accessing Firgrove's service gove me understonding of myself and mypersonolity ond thotits ok to grieve." Client Feedback Thank you to the following grants, trust and businesses who have given financially towards supporting our clients through this unimaginable grief: o Michael & Betty Little Trust The Big Give Christmas Challenge and ShareGift William Rufus Lodge o Hospital Saturday Fund Focus Foundation o Costco Healthy Relationships: We delivered 123 hours of Healthy Relationship sessions to Primary Schools impacting 770 primary aged pupils (covering 11 schools in Southampton and l in Portsmouth) We also met with 50 Sixth Forms and 140 Secondaryschools aged children to talk about Healthy Relationships.
ALDER TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 Out of the pupils we delivered sessions to- 0 95% said they enjoyed the sessions 0 90% said they learnt something new 0 90% said it's important to learn about relationships Our Project Lead was invited to join the Southampton Domestic and Sexual Abuse Operational Group which is part of the council's strategy to reduce violence against women and girls. Through thi5 group we have been reporting on our prevention work for this strategy to the council. Our Project Lead completed the RSE Facilitator accredited course and passed to give clear credibility to the schools for her skills. We developed more resources to use in the sessions and refined our session delivery to be aligned with school curriculum needs to make it easier for the schools. °Debs, thank you so much for coming into our5chool to teach u5 about empathy ond communication. I hove learnt a lotfrom the three lovely le550ns. and I hope you will come bock to teach us more. Thonks once again I" Written Comment from Pupil Thank you to the following organisations who have supported us through this year. Our work would not be possible without your support: Rareloop Arnold Clarke o Abri Group Limited o Groundwork UK-Tesco Stronger Grants Aldermoor Farm: o We saw 5277 hours of volunteering time on the land. given by our community of 102 people. 0 41 of these volunteers are new to us this year 0 8 are work experience placements from schools o A group of 12 staff and volunteers celebrated Christmas day with a meal and games outside by our firepit. o We grew 51 different products in our market garden, selling £7180.00 of vegetables, seeds and plants grown on the farm. We had 4 events throughout the year which were accessed by our local community. reaching on average 150 people per event. About a third of the people attending at each event were people who had never been to the Farm before. o Spring Celebration/Grow Your Own Festival o Harvest Festival 0 Supperclub Festive Farm o We delivered 159 hours in 53 sessions of Therapeutic Gardening to secondary Schools and I 25-year-olds. We employed a permanent Therapeutic Gardening Lead to deliverthese sessions. We've had the privilege of hosting many different groups and connecting with the following.. o Oakwood Primary school o Hampshire Foetal Alcohol Spectrum Di50rder Support Group Wild Hive Lordswood Preschool o Good Gym Romsey School o Olive Tree Preschool
ALDER TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 o City Farm Drawing on the Outside group o Southampton Clothes Swap SANDS Windward Solent University A Rocha Sparsholt College Hampshire Young Farmers Our Farm Shop has developed through a new Shop Manager in post. Having moved to the shipping containers at the end of the previous financial year, we have developed good systems to deliverthe shop from this new space. o A dedicated volunteerwho has rebranded the previously'Preloved Shed, to'Aldermoor Emporium, bringing in £6,228 for the Farm activities (previous financial year was £279.93) increasing fundraising by £6,000! We invested in a coffee machine to expand our reach for those wanting a community space to sit and relax in nature and have coffee and cake. This has been positive for the local community in the summer months. -15uffer from mentt71 illnes5 (7nd getting out the house is very difficult for me but being around such wonderful, coring people, being oround Grnimols ond noture helps me so much and I reL711y do feel like it makes on impact on my weekl l om olwoys hoppy at thefarmj" Farm Volunteer Thank you to the following organisations who have supported the ethos and vision of the Farm over the last financial year: o Sovereign Network Group for their matched funds in our campaign week o John and Freda Coleman o Finnis Scott Foundation o D'oyly Carte o Calisen Impact Charitable Trust Hendy Foundation o Anton Jurgens Charitable Trust o Michael & Betty Little Trust o ROCC Ltd FINANCIAL REVIEW Total reported income was £263.73712024: £215,502). The net deficit for the year was £14,54112024: 61,9981. Unrestrirted reserves at 28 February 2025 were £195,72612024: £220.0781, including the freehold property valued at £180,00012024: £180,000) transferred from Firgrove Family Trust in 2018 and other designated funds of £12,584 {2024: £35,858). Restricted funds at 28 February 2025 were £15,76412024.' £5,953). Reserves Poli The dirertors have considered the level of reserves 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 objective5 even if there is a temporary Shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.
ALDER TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 The aspiration of the Trustee5 15 to hold sufficient funds whereby the unrestricted fund5 not committed or invested in tangible f ixed 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 £3,142. Included in unrestricted designated funds is the freehold property which was transferred from the Firgrove Family Trust in 2018 at a valuation of £180,000. Whilst the trustees consider that the ma rket value is higher than the carrying value of the freehold land & buildings, it is not practical to quantify the difference. The charity holds both restricted and unrestricted funds, and a proportion of its ongoing activities is dependent on the renewal of grant funding and the continuation of fundraising income. Detailed budget5 and cash flow forecasts prepared for the next twelve months demonstrate an improvement in financial performance and liquidity, supported by actions taken to manage costs, diversify income Streams. and strengthen financial resilience. Having considered these factors, along with the principal risks and uncertainties facing the charity, the Trustees have a reasonable expectation that the charity has adequate resources to continue its activities for the foreseeable future. PLANS FOR THE FUTURE The Trust has the following principal objectives for the coming year: To maintain ourfinancial sustainability as we workto a budget and plan per project To make more relationships with local businesses resulting in support To restructure the roles within each project for maximum efficiency, effectiveness and sustainability To develop each project with its offering to the community through their specific areas 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 Alder Trust. The Trust will aim to increase its Trustees to increase its public accountability and finances. STRucfuRE, 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 15 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 skills they bring to the organisation. New Trustees are issued with an induttion pack and are invited to visit a few projects du ring 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 bu5ines5 meetings at which long-term strategy, current direction and finance are considered. The Board currently comprises of five Trustees who delegate the day to day running of the charity to David Barclay. Trustees who served during the vear are listed on page l.
ALDER TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025 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 basis. 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 business risks which they face and confirm that they have established systems to mitigate the significant risks. STATEMENT OF TRU5TEES' 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 activitie5 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 irregu larities. 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: MrDBar Chair of Trustees Date..
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF ALDER TRusr I reportto the charitytrustees on my examination of the accounts of the company for the year ended 28 February 2025, which are set out on pages 9 to 19. Responsibilities and basis of report As the charity trustees of the company land also its dirertors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 ACVI. Having satisfied myself thatthe 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 carried out under section 145 of the Charities Act 20111'the 2011 ACYI. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl 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 Republicof Ireland IFRS 10211. 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. Marcus Cridland B.A.IHonsl F.C.A. Scott Vevers Ltd. Chartered Accountants and Registered Auditors 65 East Street Bridport Dorset DT6 3LB Date: ....
ALDER TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 28 FEBRUARY 2025 2025 Total funds 2024 Total funds Restricted Unrestricted funds funds Notes INCOME Income and endowments from: Donations and legacies 19,945 54,347 74,292 82,192 Charitable activities 76,950 112.435 189,385 133,140 Investment income 60 60 170 Total incomlng resources 96,895 166,842 263,737 215,502 EXPENDITURE ON: Raisingfunds 1,129 906 2,035 1,771 Charitable activities 162,885 113,358 276,243 275,729 Total expenditure 164,014 114,264 278,278 277,500 Net income/lexpenditurel before transfers (67,119) 52,578 114,5411 161,998) Transfers between funds 13 76,930 176,9301 Net Movement in Funds for the year 9,811 124,3521 (14,5411 161,998} Total Funds: Brought Forward 5,953 220,078 226,031 288,029 Carried Forward 15,764 195,726 211,490 226,031 All incoming resources and resources expended derive from continuing activities. The notes on pages 11 to 19 form an integral part of these financial statements.
ALDER TRUST BALANCE SHEET AT 28 FEBRUARY 2025 Company Regi5tratlon No. 08821484 2025 2024 Notes Fixed Assets Tangible assets io 200,042 200,908 Current assets Stock Debtors Cash at bank and in hand 5.282 6,565 9,188 21,035 8,540 3,108 20,450 32,098 li Creditors: Amounts falling due within one year 12 {9,5871 16,9751 Net current assets 11,448 25,123 Total assets less current liabllltles 211,490 226,031 The funds of the charlty: Restricted Fund5 13 15,764 5,953 Unrestrlcted funds Designated funds General funds 192,584 3,142 215,858 4,220 195,726 220.078 Total charity funds 211,490 226.031 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilitie5 for complying with the requirements of the Act with respect to accounting records and the preparation of account5: These account5 have been prepared in accordance with the provisions applicable to small companies regime a nd in accordance with FRS102 SORP. The financial statements were approved by the Board of Trustees on .?.1 by.. l6>rf and signed on its behalf Mr D Barclay air of U5tee5 The notes on pages 11 to 19 form an integral part of these financial statements. io
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 l General information Alder Trust is a company, limited by guarantee. incorporated in England and Wales 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 charit¢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 accorda nce 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 IFRS 1021, (Charities SORP IFRS 10211, the Companies Act 2006 a nd the Cha rities Act 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 ca n be quantified with reasona ble accuracy. Donated assets and service5 are included at their estimated open market valuation. No income is recognised where there is no financial cost borne by a third party. Classification of expenditure Expenditure is included when incurred. Costs which are identified as relating to restricted projects are allocated directly to those activities. Costs which relate to the genera I running of the cha rity are allocated against unrestricted funds, and within the statement of financial activities these expense5 are shown as costs of raising funds 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 fixed assets Tangible fixed assets costing more than £500 are capitalised at cost. No depreciation is provided on buildings as in the opinion of the directors, net realisable value is in excess of cost. No depreciation is charged on f reehold 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 excess of c05t, meaning any depreciation charge would be immaterial. Depreciation is 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 yea rs straight line li
ALDER TRUST NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 28 FEBRUARY 2025 2 Accounting policies Icontinued) Stocks Stock5 are stated at the lower of cost and estimated selling price less costs to complete and Sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing Stock to its present location and condition. Cost 15 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 Trustees 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 a5 they become payable in accordance with the rules of the scheme. Taxatlon The charitable company is a registered charity and is generally exem pt from income and corporation tax on income and ga ins falling within Part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that they are a pplied to its charitable purpose5. The charity is registered for VAT but is partially exempt for VAT purposes. This means that VAT incurred on expenditure is only recoverable to the extent that it relates to taxable business activities. Irrecoverable VAT is charged to the relevant expenditure category in the Statement of Financi31 Activities. Recovera ble VAT is excluded from income and expenditure. Flnancial instruments Classification Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instrument5 are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidence5 a residual interest in the assets of the charity after deducting all of its liabilities. Recognition and measurement 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 prof it or1055, which are initially measu red at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction5. If an arrangement constitutes a financing transaction. the financial asset or f inancial liability is measured at the present value of the future payment5 discounted at a market rate of interest for sim ilar debt instruments. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised 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 a} the contractual rights to the cash flows from the financial asset expire or are settled, bl the charity transfers to another pa rty substantially all of the risks and reward5 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 derecognised only when the obligation specified in the contract 15 discharged, cancelled or expires. 12
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 3 Donations and legacies Restricted 2025 2024 Unrestricted 2025 2024 Total 2025 2024 Donations and gifts Gift Aid 17,038 2,907 19,945 28,215 5,116 33,331 49,440 4,907 54,347 47,901 960 66.478 7,814 74,292 76,116 6,076 82,192 48,861 4 Charitable activities Restricted 2025 2024 Unrestricted 2025 2024 Total 2025 2024 Fund ra ising Grants 32,193 38,350 9,878 26,190 80 5,402 274 37,595 38,350 77.150 27,012 628 8,496 154 189,385 10,152 26,190 80,733 14,950 1,081 Sales Counselling sessions Venue hire Workshop and sessions Other income 77.150 26,051 498 3,334 80,653 14,950 880 961 130 5,162 154 76,950 201 34 96,791 34 133,140 36,349 112,435 5 Other costs of raising funds Restricted 2025 2024 Unrestrlcted 2025 2024 Total 2025 2024 Fundra ising Advert15ing and marketing 733 396 1,129 218 1.262 1.480 144 762 906 877 1.158 2,035 220 1,551 1,771 289 291 13
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 6 Charitable activities costs Restricted 2025 2024 Unrestricted 2025 2024 Total 2025 2024 Staff costs Direct costs Support costs Governance costs 132,159 18,558 11,074 1,094 162,885 165,804 63,683 24,925 50,018 53,082 9,092 1,166 113,358 12,677 412 182,177 71,640 20,166 2,260 276,243 178,481 64,095 31,353 1,800 275,729 6,428 1,800 21.317 254,412 Stt7ff cost5.' Direct staff salaries Support staff salaries Other staff costs 131,667 163,790 33,773 15,892 353 50,018 165,440 15,892 845 163,790 12,466 2,225 178,481 12,466 211 12,677 492 2,014 165,804 132,159 182,177 Direct costs.. Cost of sales Project charges Depreciation Bad debts Volunteers costs Travel expenses 2,353 14,705 1,394 47,690 13,922 2,047 49,592 1,440 1,164 718 35 133 53,082 51,945 16,145 2,558 718 50 224 71,640 47,690 13,922 2,450 403 15 91 18,558 16 25 64,095 63,683 412 Support costs., Insurance Office expenses Property Costs Legal and professional fees Bank charges 815 3.131 5,840 1,163 125 11,074 695 5,682 17,447 139 962 24,925 917 1,647 1.269 4,210 1,049 9,092 345 1,222 40 4,813 1,732 4,778 7,109 5,373 1,174 20,166 1,040 6,904 17,487 4,952 970 31,353 6,428 Governonce costs.. Accountancy fees 1,094 1,094 1,166 1,166 1,800 1,800 2,260 2.260 1,800 1,800 14
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 7 Staff c05tS No remuneration or expenses were paid to trustees in the year12024.. £nill. The costs of the rema ining staff were.. 2025 2024 Wages and salaries Social security Costs Pension costs 176,795 3,104 1,433 181,332 173,513 1,605 1,138 176,256 No employee earned more than £60,000 during the year. The number of staff employed by the charity during the year was as follows: 2025 2024 No. Support costs Charitable activities 15 16 17 18 8 Net income/ (expenditure) for the year This is stated after charging: 2025 2024 Depreciation of tangible fixed assets Other accounting services Independent examiner's remuneration 2.558 460 1,800 2,450 1,800 9 Defined contribution pension scheme The charity operates a defined contribution pension scheme. The assets of the scheme are adm inistered by trustees in a fund independent from those of the charity. The pension c05t charge for the year represents contributions payable by the charity to the scheme and amounted to £1,43312024: £1,138). 15
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 10 Tangible fixed assets Freehold land & buildings Plant & machinery Total Cost or valuation As at l March 2024 Additions As at 28 February 2025 180,000 28,066 1,692 29,758 208.066 1,692 209.758 180,000 Depreciation As at l March 2024 Charge for the year As at 28 February 2025 7,158 2,558 9,716 7.158 2,558 9,716 Net book value As at 28 February 2025 180,000 20.042 200,042 As at 29 February 2024 180,000 20,908 200,908 The freehold property was transferred from the Firgrove Family Trust in 2018. Whilst the trustees consider that the market value is higher tha n the carrying value of the freehold land & buildings, it is not practical to quantify the difference. 11 Debtors 2025 2024 Trade debtors Gift Aid recoverable Other debtors Prepayments and accrued income 2,176 2,166 548 1.675 6.565 505 540 2,063 3,108 12 Creditors: Amounts falling due within one year 2025 2024 Trade creditors Social security and other taxes Other creditor5 and accruals 4,020 2,727 2,840 9,587 1,623 2.829 2.523 6,975 16
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 13 Funds Incoming resource5 Resources expended 01.03.24 Transfers 28.02.25 Restricted funds Aldermoor Community Farm Aldermoor Community Farm- Poly Tunnel Firgrove Firgrove - bursary fund Healthy Relationships Therapeutic gardening Total restricted funds {5,7181 76 40,460 {56,6981 14,002 1761 59,539 17,954} 10,990 13,328 4,850 27.267 96,895 (70,5291 114,8371 113,1151 {8,8351 1164,0141 6.795 4.800 5,286 3,465 18,432 15,764 5.953 76,930 Deslgnated Funds Aldermoor Community Farm Firgrove Healthy Relationships Fixed Asset Reserve 95,817 42,462 555 188,8481 {6,9691 13,1141 159,5391 11731 {3,4651 32,136 3,722 180,000 215,858 11,945 639 180.000 192.584 138,834 192,1351 169,9731 General Funds Unrestricted Reserves Policy 1,078 3,142 4,220 28,008 122,1291 16,9571 3.142 3,142 28,008 122,129} 16,9571 Total unrestricted funds 220,078 166,842 {114,2641 176.9301 195,726 Total funds 226.031 263,737 1278,2781 211,490 During the year, the trustees approved a transfer of £6,957 from unrestricted funds to restricted funds to reduce a deficit arising on the Aldermoor Community Farm restricted fund. The Aldermoor Community Farm aims to nurture the potential of people and land. Expenditure during the year exceeded the restricted income received by £16,238 {2024: £151,959), primarily due to overspend on project costs. In accordance with the Charities SORP IFRS 102}. paragraph 2.71 and note 2.72, the trustees have approved transfer from unrestricted funds to ensure that the deficit on the restricted fund is reduced. The transfer reflects the trustees, decision to apply part of the charity's unrestricted reserves to meet the charity's commitments under the terms of the restricted project. 17
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 13 Funds (continued) Incominq resources Resources expended 2024 RestrictedAunds Aldermoor Community Farm Aldermoor Community Farm - Poly Tunnel Firgrove Firgrove - Restricted bursaryfund Firgrove- The Big Give Healthy Relotionships Total restrictedfunds 01.03.23 Transfers 29.02.24 2,193 8.578 255 27,387 14,967 2,208 16,285 69,680 (160,537) (179) (70,564) (8,172) (4,435) (12,005) (255,892) 144,048 (5. 718) 76 22,846 20,331 6, 795 2,227 520 4,800 5,953 27,786 164.379 Designated Funds Aldermoor Community Form Firgrove Healthy Relationships Fixed A55et Reserve 62,594 6,929 2.193 180.000 251, 716 81,454 45.538 1,538 1144,048) (20,331) 32,136 3, 722 180.000 215,858 (9) 128,530 (9) (164,379) Generol Funds Unrestricted Reserves Policy 5.385 3,142 8,527 17,292 (21.599) 1.078 3,142 4.220 17,292 (21,599) Totol unrestrictedfunds 260,243 145,822 (21, 608) (164.379) 220,078 Totalfunds 288,029 215,502 (277.500) 226,031 Restrlcted Funds Aldermoor Community Farm aims to nurture the potential of people and land. Promote5 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 a bortion, miscarriage and baby105s coun5elling Southam pton. They have built a third counselling unit with a grant from the Big Give. Healthy Relationshlps delivers sessions in local schools developing resources and training for schools, teachers and students to reduce violence against women and girls. Therapeutic Gardening are designed to help young people identify their emotional state which will help them self-regulate. The overall aim is to increase young people's wellbeing and equip them for managing Current cha Ilenges as well a5 their next stage of life. 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 charita ble 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 internally managed at trustees meetings. 18
ALDER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 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 12,584 20,042 17,3 13) 19,5871 200.042 5,271 19.587} 200,042 21.035 19.587} 15,764 Total fu nds 192.584 3,142 195,726 15,764 211,490 2024 Tangiblefixed ossets Current a55et5 Current liabilities 180,000 35,858 20,908 19,7131 16,9751 200,908 26,145 16,9751 200,908 32,098 (6,975) 5,953 Totolfunds 215,858 4,220 220,078 5.953 226.031 15 Financial instruments 2025 2024 Categorisation of financia l instruments: Financial assets that are debt instrument measured at amortised cost 19,360 30,035 Financial liabilities measured at amortised cost 9,587 6,975 Items of income, expensei gains or losse5 The total interest income for financial assets not measured at fair value through prof it or Ioss is £6012024.. £1701. 16 Related party transactlons Donations totalling £6,955 were made to the charity by three trustees during the year. 19