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2025-03-31-accounts

Charity registration number 1163345 (England and Wales)

THE GOOD SOIL TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

THE GOOD SOIL TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Harper
N S A Morrell
J Reakes-Williams
R Bilson
T Davenport
Charity number 1163345
Registered office Top Barn Farm
Worcester Road
Holt Heath
Worcester
WR6 6NH
Independent examiner Kendall Wadley
Granta Lodge
71 Graham Road
Malvern
Worcestershire
WR14 2JS
Bankers Santander UK plc
Bootle
Merseyside
L30 4GB
Solicitors Anthony Collins Solicitors LLP
134 Edmund Street
Birmingham
B3 2ES

THE GOOD SOIL TRUST

CONTENTS

Page
Trustees' report 1 - 3
Statement of Trustees' responsibilities 4
Independent examiner's report 5
Statement of financial activities 6 - 7
Statement of financial position 8
Notes to the financial statements 9 - 20

THE GOOD SOIL TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's constitution, the Charities Act 2011 and "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).

Objectives and activities

The objects of the CIO are, for the public benefit:

To advance the Christian faith in accordance with the statement of beliefs in the Constitution; to relieve sickness and financial hardship and to promote and preserve good health; and to advance education and provide recreational activities in the interest of social welfare with a view to improving the conditions of life.

In accordance with these objectives outreach has been to adult individuals facing issues of addiction, homelessness, unemployment, mental health or a combination of these.

Intervention activities have included ongoing land-based therapeutic activity at The Good Soil Project, Top Barn Farm, Worcestershire, and the provision of supported housing.

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance

Throughout the year, Good Soil’s two supported houses continued to maintain steady levels of occupancy, with client referrals from third party agencies reflecting the good reputation developed by the Trust, both locally and further afield. Supported accommodation is provided for up to 9 adults with backgrounds in homelessness, addiction, offending or poor mental health. This is complemented by the structured and purposeful activity offered at the Good Soil farm project where clients build work-readiness and engage with staff and volunteers.

In addition to those clients benefitting from Good Soil’s supported housing provision, help has also been given to other vulnerable adults willing to engage with the farm-based programme of activities. This has enabled Good Soil to maintain positive contact with former clients and continue to provide a degree of lower level support where appropriate.

Good Soil has continued to benefit from a team of loyal and enthusiastic volunteers who provide a variety of excellent support throughout the farm growing seasons, as well as year-round maintenance of property and equipment. A number of farm-based open days during the year, together with visits to local churches, have helped Good Soil to develop awareness of its activities, strengthening existing supporter relationships and building new connections. In February 2025, we were delighted to appoint a communications assistant onto the management team with the aim of developing supporter relations and generally raising the profile of the Charity.

The Trustees remain extremely grateful for the ongoing commitment of a number of individuals who provide financial support, many of whom have done so for a number of years. In addition to this loyal support, grants were received during the year from The Dumbreck Charity, Mary Hill Trust and Geoff Hill Charitable Trust, all of which were allocated to the cost of providing a programme for personal transformation and recovery. Help the Homeless, Six Masters Charity and Lasletts Charities also helped with grants towards the cost of replacing the minibus in July 2024.

THE GOOD SOIL TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

The Trustees continue to work closely with the management team to ensure the needs of marginalised and vulnerable people are met appropriately. Good Soil continues to ensure that it has sufficient resources to grow its staff and volunteer base in order to achieve this.

With the benefit of the grant funding from Nationwide Building Society Community Fund, the Trustees and management team are also exploring ways in which the Good Soil operational model can become more sustainable and financially secure. Research is being undertaken on the feasibility of relocating the farm project; improving existing farm activities / facilities; and exploring ways to develop the Good Soil housing provision so as to improve the transition of clients back into independent living.

Financial review

During the year the net surplus amounted to £5,208 (2024 surplus £73,332), this increased the overall funds of the charity to £193,992 (2024 - £188,784) as at 31 March 2025.

The funds are made up of restricted funds, which has been donated for a specific purpose of £62,834 (2024 - £77,280), designated funds of £31,857 (2024 - £32,476) and unrestricted funds of £99,301 (2024 £79,028).

The charity's free reserves after eliminating fixed assets amounted to £94,455 (2024 £78,589).

Reserves policy

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. The Trustees are currently working towards meeting this level of reserves.

Risk management

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The Charity is a charitable incorporated organisation (CIO) governed by a constitution dated 2 February 2015. The charity was registered with the Charity Commission on 28th August 2015, Charity number 1163345.

The Trustees who served during the year and up to the date of signature of the financial statements were: J Harper

N S A Morrell J Reakes-Williams R Bilson T Davenport

THE GOOD SOIL TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Organisational structure

The affairs of the CIO are managed by the charity Trustees. The Trustees meet regularly to review the finances and decide matters of policy. A Operations Director is appointed by the Trustees to run the day-to-day operations. The remuneration of management is set by the Trustees.

Appointment

When new Trustees are appointed, they are provided with the information about the role of Trustees and Charity law. The term of office for a Trustee is two years. Any person retiring as a trustee is eligible for reappointment. Every Trustee must be appointed by a resolution passed at a properly convened meeting of the Trustees.

The CIO constitution makes provision for Charity Trustees to be remunerated in Clause 7.2 & 7.3: (Clause 7.2.3) "Subject to Clause 7.3 a Charity Trustee or connected person may be employed (other than as a Charity Trustee) by the CIO."

All Charity Trustees may receive reimbursement for reasonable and proper expenses incurred in carrying out their duties.

The Trustees' report was approved by the Board of Trustees.

J Harper N S A Morrell Trustee Trustee

16 December 2025

THE GOOD SOIL TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees 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).

The law applicable to charities in England and Wales requires the Trustees 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 incoming resources and application of resources of the Charity for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE GOOD SOIL TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GOOD SOIL TRUST

I report to the Trustees on my examination of the financial statements of The Good Soil Trust (the Charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

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:

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 financial statements to be reached.

Sarah Morley ACA

Kendall Wadley Granta Lodge 71 Graham Road Malvern Worcestershire WR12 4JS

Dated: 16 December 2025

THE GOOD SOIL TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Current financial year
Unrestricted Unrestricted
Restricted
funds
funds
funds
general
designated
2025
2025
2025
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
56,743
-
8,060
Charitable activities
4
106,717
-
-
Investments
5
4,579
-
-
Other income
6
-
-
8,947
Total income
168,039
-
17,007
Expenditure on:
Raising funds
7
16,054
-
-
Charitable activities
8
129,025
619
34,140
Total expenditure
145,079
619
34,140
Net incoming/(outgoing) resources
before transfers
22,960
(619)
(17,133)
Gross transfers between funds
(2,687)
-
2,687
Net movement in funds
20,273
(619)
(14,446)
Fund balances at 1 April 2024
79,028
32,476
77,280
Fund balances at 31 March 2025
99,301
31,857
62,834		 Total
2025
£
64,803
106,717
4,579
8,947
185,046
16,054
163,784
179,838
5,208
-
5,208
188,784
193,992		 Total
2024
£
126,139
120,113
3,384
-
249,636
5,346
170,958
176,304
73,332
-
73,332
115,452
188,784

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE GOOD SOIL TRUST

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Prior financial year

Unrestricted Unrestricted
Restricted
funds
funds
funds
general
designated
2024
2024
2024
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
54,139
-
72,000
Charitable activities
4
120,113
-
-
Investments
5
3,384
-
-
Total income
177,636
-
72,000
Expenditure on:
Raising funds
7
5,346
-
-
Charitable activities
8
163,903
825
6,230
Total expenditure
169,249
825
6,230
Net incoming/(outgoing) resources before transfers
8,387
(825)
65,770
Gross transfers between funds
(120)
-
120
Net income/(expenditure) for the year/
Net movement in funds
8,267
(825)
65,890
Fund balances at 1 April 2023
70,761
33,301
11,390
Fund balances at 31 March 2024
79,028
32,476
77,280		 Total
2024
£
126,139
120,113
3,384
249,636
5,346
170,958
176,304
73,332
-
73,332
115,452
188,784

THE GOOD SOIL TRUST

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

2025
Notes
£
£
Fixed assets
Property, plant and equipment
13
33,447
Current assets
Trade and other receivables
14
17,656
Cash at bank and in hand
147,614
165,270
Current liabilities
15
(4,725)
Net current assets
160,545
Total assets less current liabilities
193,992
Income funds
Restricted funds
18
62,834
Unrestricted funds-general
Designated funds
31,857
General unrestricted funds
99,301
131,158
193,992
The financial statements were approved by the Trustees on 16 December 2025
J Harper
N S A Morrell
Trustee
Trustee		 2024
£
12,372
176,438
188,810
(9,258)
32,476
79,028		 £
9,232
179,552
188,784
77,280
111,504
188,784

THE GOOD SOIL TRUST

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

1 Accounting policies

Charity information

The Good Soil Trust is a Charitable Incorporated Organisation (CIO). The address of the registered office is Top Barn Harvest Shop, Worcester Road, Holt Heath, Worcester, WR6 6NH.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, the principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

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 are allocated on the portion of the asset’s use.

1.6 Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 12.5% on cost Computers 20% on cost Motor vehicles 25% on net book value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of non-current assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

1.9 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Donations and legacies

Unrestricted
Restricted
funds
funds
general
2025
2025
£
£
Donations and gifts
56,615
-
Legacies receivable
128
-
Grants receivable
-
8,060
56,743
8,060
Grants receivable for
core activities
Charities Trust
-
-
Edward Cadbury Trust
-
-
Albert Hunt Trust
-
-
Geoff Hill Charitable
Trust
-
200
The Mary Hill Trust
-
860
The Dumbreck Charity
-
500
Sixmasters
-
2,000
Lasletts
-
2,000
Help the Homeless
-
2,500
-
8,060		 Total
Unrestricted
Restricted
funds
funds
general
2025
2024
2024
£
£
£
56,615
53,755
-
128
384
-
8,060
-
72,000
64,803
54,139
72,000
-
-
60,000
-
-
5,000
-
-
7,000
200
-
-
860
-
-
500
-
-
2,000
-
-
2,000
-
-
2,500
-
-
8,060
-
72,000		 Total
2024
£
53,755
384
72,000
126,139
60,000
5,000
7,000
-
-
-
-
-
-
72,000

4 Charitable activities

Housing Housing
2025 2024
£ £
Charitable rental income 106,717 120,113
Analysis by fund
Unrestricted funds - general 106,717 120,113

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 4,579 3,384
6 Other income
Restricted Restricted
funds funds
2025 2024
£ £
Net gain on disposal of tangible fixed assets 8,947 -
7 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Staff costs 15,380 4,656
Support costs 427 564
15,807 5,220
Trading costs
Other trading activities 247 126
Total costs 16,054 5,346

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Charitable activities

Staff costs
Farm project
Housing project
Feeding station project
Outreach
Share of support costs (see note 9)
Share of governance costs (see note 9)
Analysis by fund
Unrestricted funds - general
Unrestricted funds -
Restricted funds		 Farm
Housing
Outreach
2025
2025
2025
£
£
£
38,350
43,421
3,302
2,449
-
-
-
53,909
-
-
-
-
-
145
-
40,799
97,475
3,302
6,658
13,295
575
-
1,680
-
47,457
112,450
3,877
19,016
106,132
3,877
619
-
-
27,822
6,318
-
47,457
112,450
3,877		 Total
2025
£
85,073
2,449
53,909
-
145
141,576
20,528
1,680
163,784
129,025
619
34,140
163,784		 Farm
Housing
Outreach
2024
2024
2024
£
£
£
34,537
58,562
3,121
3,657
-
-
-
53,269
-
-
181
-
-
125
-
38,194
112,137
3,121
8,517
6,970
759
-
1,260
-
46,711
120,367
3,880
41,714
118,309
3,880
825
-
-
4,172
2,058
-
46,711
120,367
3,880		 Total
2024
£
96,220
3,657
53,269
181
125
153,452
16,246
1,260
170,958
163,903
825
6,230
170,958

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

9 Support costs

Depreciation
Staff welfare and training
Office costs
Insurance
Motor vehicle costs
Legal and professional
Other costs
Accountancy
Analysed between
Fundraising
Charitable activities		 Support
costs
Governance
costs
£
£
6,659
-
2,068
-
3,868
-
2,255
-
5,438
-
611
-
56
-
-
1,680
20,955
1,680
427
-
20,528
1,680
20,955
1,680		 2025Support costs Governance
costs
£
£
£
6,659
2,697
-
2,068
2,269
-
3,868
2,654
-
2,255
2,560
-
5,438
5,268
-
611
671
-
56
691
-
1,680
-
1,260
22,635
16,810
1,260
427
564
-
22,208
16,246
1,260
22,635
16,810
1,260		 2024
£
2,697
2,269
2,654
2,560
5,268
671
691
1,260
18,070
564
17,506
18,070

Governance costs includes payments to the independent examiners of £1,680 (2024- £1,260) for examination fees.

10 Trustees

During the year one Trustee, N S A Morrell received remuneration amounting to £28,492 (2024 £24,377) for his role as head of Operations with the Charity.

11 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
6
2025
£
94,589
2,896
2,968
100,453		 2024
Number
5
2024
£
95,491
2,642
2,743
100,876

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

11 Employees

(Continued)

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Property, plant and equipment

Leasehold
improvements
Computers
£
£
Cost
At 1 April 2024
3,135
978
Additions
1,935
649
Disposals
-
-
At 31 March 2025
5,070
1,627
Depreciation and impairment
At 1 April 2024
621
539
Depreciation charged in the year
452
239
Eliminated in respect of disposals
-
-
At 31 March 2025
1,073
778
Carrying amount
At 31 March 2025
3,997
849
At 31 March 2024
2,514
439
14
Trade and other receivables
Amounts falling due within one year:
Other receivables
Prepayments and accrued income		 Motor
vehicles
Total
£
£
25,145
29,258
32,093
34,677
(20,650)
(20,650)
36,588
43,285
18,866
20,026
5,968
6,659
(16,847)
(16,847)
7,987
9,838
28,601
33,447
6,279
9,232
2025
2024
£
£
16,159
8,855
1,497
3,517
17,656
12,372

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15
Current liabilities
Other taxation and social security
Other payables
Accruals and deferred income
16
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
1,843
1,442
1,440
4,725
2025
£
2,968		 2024
£
2,113
3,688
3,457
9,258
2024
£
2,743

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

17 Unrestricted funds - Designated

These are unrestricted funds which are material to the Charity's activities.

At
Van
Contingency fund
Previous year:
At
Van
Contingency fund		 1 April
2024
Resources
expended
At 31 March
2025
£
£
£
2,476
(619)
1,857
30,000
-
30,000
32,476
(619)
31,857
1 April
2023
Resources
expended
At 31 March
2024
£
£
£
3,301
(825)
2,476
30,000
-
30,000
33,301
(825)
32,476		 1 April
2024
Resources
expended
At 31 March
2025
£
£
£
2,476
(619)
1,857
30,000
-
30,000
32,476
(619)
31,857
1 April
2023
Resources
expended
At 31 March
2024
£
£
£
3,301
(825)
2,476
30,000
-
30,000
33,301
(825)
32,476
32,476

Van - represents the net book value of the charity van purchased from restricted donations.

Contingency fund - represents money set aside as part of the charity's reserve policy.

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at Incoming Resources Transfers Balance at
1 April 2023 resources expended 1 April 2024 resources expended 31 March 2025
£ £ £ £ £ £ £ £ £
Development fund - 60,000 (4,151) - 55,849 - (25,899) - 29,950
Resident Support fund 2,000 - - - 2,000 - (2,000) - -
Office / Technology project 1,000 - (300) - 700 - (74) - 626
Minibus Fund 5,071 12,000 (1,267) - 15,804 15,447 (5,349) 783 26,685
Van appeal 1,404 - (17) - 1,387 - (618) 791 1,560
Steve Giligan 300 - - - 300 - - - 300
Genesis Process - - - - - 1,560 (200) - 1,360
Greenhouse 272 - (392) 120 - - - 1,913 1,913
Workshop Project 800 - - - 800 - - (800) -
Wheelbarrows 43 - - - 43 - - - 43
Uniforms 500 - (103) - 397 - - - 397
11,390 72,000 (6,230) 120 77,280 17,007 (34,140) 2,687 62,834

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Restricted funds

(Continued)

Development fund - funds received from Nationwide Building Society Community Grant fund towards support and development growth, including additional staff salaries and costs.

Resident Support fund - funds received from The Albert Hunt Trust towards resident support.

Office / Technology Project - funds received from the Souter Trust in connection to the work development programme.

Minibus Fund - funds received from The Albert Hunt Trust; Edward Cadbury Trust; Six Masters Charity; Laslett's Charities; Help the Homeless towards the cost cost of the Trust's minibus.

Van appeal - funds received from Oliver Borthwick Memorial Trust, Bromwich Road Mission and other donations towards the cost of a van for gardening and produce.

Steve Gilligan - monies received towards the van appeal.

Genesis Process - funds received from Geoff Hill Charitable Trust; Mary Hill Trust; Dumbreck Charity towards a programme for personal transformation and recovery.

Greenhouse- funds received towards the purchase of new greenhouse.

Wheelbarrows- monies received for the purchase of new wheelbarrows.

Uniforms- monies received for the purchase of new uniforms.

19 Analysis of net assets between funds

Unrestricted
funds
Designated
funds
Restricted
funds
2025
2025
2025
£
£
£
Fund balances at 31 March 2025 are represented
by:
Property, plant and equipment
4,846
1,857
26,744
Current assets/(liabilities)
94,455
30,000
36,090
99,301
31,857
62,834		 Total
Unrestricted
funds
Designated
funds
Restricted
funds
2025
2024
2024
2024
£
£
£
£
33,447
439
2,476
6,317
160,545
78,589
30,000
70,963
193,992
79,028
32,476
77,280		 Total
2024
£
9,232
179,552
188,784

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

20 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).