CIO no. 1165003 ROOTS4LIFE (Charitable Incorporated Organisation no. 11650031 REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NIP AccoLJnlanls Ltd
ROOTS4LIFE (Registered charity no. 1165003) REPORT AND FINANCIAL STATEMENTS for the year ended 31 March 2023 CONTENTS Page Legal and admlnlstratlve Informatlon Trustees. annual report Independent Examiner's report Statement of financial activities 10 Balan¢e sheet Notes to the flnanclal statements 12
ROOTS4LIFE {Registered Charitable Incorporated Organisation (CIO) no. 1165003) REFERENCE AND ADMINISTRATIVE DETAILS tor the year ended 31 March 2023 Trustees Steve McAllster Fisher Ichairl Liz Gale lappoinled 19 October 20231 John Baker Sarah Hutt (resigned September 20231 David Gardner (resigned December 20221 Tim Baker (resigned September 20231 Charity reg. no. 1165003 Registered office The Baker Centre 245 Foolscray Road New Eiiham SE9 2EL Independent examiner Charles Ssempiiia, FGA NFP Accounlanls Ltd 3rd Floor, 86-90 Paul Street London EC2A 4NE Bankers Natwest Bank Ellham branch 65 Ellham High Street London SE9 2EL
ROOTS4LIFE (Charitable incorporated organisation no. 1165003) TRUSTEES, ANNUAL REPORT for the year ended 31 IAarch 2023 The TrLJStees, who are the directors of the company lor the purposes of company law, present their annual report and financial statements ol the charity lor the year ended 31 March 2023. This Trustees, Annual Report is also the director's report lor company law purposes. The Fleference and adminislralive information sel out on page 1 forms part of this report. The financial slalemenls comply with current stalulory requirements, the charity's governing document, and the Slalemenl of Recommended Practice.. Accounting and Reporting by Chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland ISORP FRS 1021 ledilion October 2019, elleclive January 20191, and the Finan¢ial Reporting Standard applicable in the United Kingdom and Republi¢ ol Ireland IFRS Income and expenditure have been analysed on a'natural basis, taking advantage of sections 4.6 and 4.22- 4.26 of this SORP. The reference and administrative details on page 1 form part of the Trustees. Annual Report. STRUCTURE, GOVERNANCE ANO MANAGEMENT CONSTITUTION Rools4Lile is a Charitable Incorporated Organisalion ICIOI. It is governed by a Conslitulion, dated 25 September 2015, and was règistered al the Charity Commission on 30 December 2015. The Charity Registration number is 1165003. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management ol the charity is the responsibility of the Trustees who are elected and co-opted to Conform to the terms of the Memorandum and Articles ol Association. An annual skills audit identifies any gaps in Trustees, existing skills and an open recruitment process is conducted with Trustee skill profiles lo aid application. An advert is placed on Rools4Life website and other voluntary sector recruitment sites lor volunteerl Trustee positions. Applications are made on reIpl ol CV and cover leller. New Trustees are interviewed by existing Trustees and the Charity Manager and are appointed lor three years according lo the Roots4Life charitable conslitulion. Trustees are re-elected al the POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES New trLJStees attend meetings and are familiarised with how the activities are designed to deliver charity aims and objectives. They are termed Trainee Trustees until legally signed up as Directors ol the Company.
ROOTS4LIFE (Charitable incorporated organisation no. 1165003) TRUSTEES, ANNUAL REPORT for the year ended 31 IAarch 2023 PUBLIC BENEFIT In undertaking their duties, the trustees have had due regard lo the charity commission's guidance on public benefit. ORGANISATIONAL STRUCTURE AND DECISION MAKING The key management personnel ol the charity report directly to the board of Trustees. The Charity as 0131 March 2022 had three employees - a full lime Charity Manager, a lull-lime Deputy Manager and a part-time Horticultural Therapist and Gardener. TRUSTEES AND OTHER RELATED PARTY RELATIONSHIPS The Iruslees consider that the members ol the board are the primary related parties ol the charity- None of the Trustees receive remuneration or other benefit from their work with the charity. Any connection between a Trustee or staff ol the charity and a contractor, supplier or customer lo the charity musl be disclosed to the full Board ol Trustees. In the current year no such related party transactions were reported. The Iruslees have identified no other related party relationships or transactions lo report in the current year. PAY POLICY FOR SENIOR MANAGEMENT PERSONNEL The Manager's pay is reviewed al intervals. Remuneration is benchmarked against the range paid for similar roles with similar levels of experience. RISK MANAGEMENT The Board of Trustees fully accepts ils responsibilities for ensuring that the major risks lo which the Charity is exposed are idenlilied, and that there are systems and prcKedures in place The Trustees have assessed the major risks lo which the charity is exposed - in particular, those related to the operations and finances of the charity and are satisfied that the systems and procedures are in place lo mitigate the charity's exposure to the major risks. Cash flow and forward lorecasling to the end ol the financial year are reviewed at every trustee meeting. A budget lor all charity costs is prepared every year lo support loMard planning and is regularly reviewed. There are no serious incidents to report. The costs of living crisis and rising energy costs are having an impact on the organisalion's in¢ome and service users. For this reason the reserves have been adjusted accordingly lo ensure we are able lo continue to support our service users during these difficu limes. The Charity is committed lo rising additional unreslricled income through venue hire and providing paid educational, cooking and grow and As a small new charity with the majority ol funding being reslricled, financial management has been identified as a risk and considerable ellorl has been put in lo ensure Rools4Lile is able lo maintain good financial management. The charity has invested in a new online accounts package QuickBooks which allows the Charity lo monitor both grant expenditure and cashllow which have lo dale been done via excel
ROOTS4LIFE (Charitable incorporated organisation no. 1165003) TRUSTEES, ANNUAL REPORT for the year ended 31 IAarch 2023 OBJECTIVES AND ACTIVITIES MISSION Rools4Life is a charity focusing on activities which aim to tackle the problems ol obesity, malnutrition and loneliness, across generations. VISION We want everybodyto have: Improvedphysical and mental well-being Better understanding, attitudes and behaviour around food, eating and exercise A raised sense ofcommunily and more positive friendships CHARITABLE OBJECTIVES The advancement ol education lor the benefit of the public, including through vocational training in the areas Land cullivalion and loodproduction Cookery, preparation and processing of lood, catering and lood service and distribution, health eating and other directly 2ssoci2tion 8re8S Provision and maintenance ofa garden lor use and benelit ol inhabitants ofLondon Boroughs of Greenwich, Lewisham, Southwark and Bexley 2nd visitors to the area In the interests of social welfare and with the objects of improving the conditions ol life for, and advancing the education ol, the said beneficiaries CHARITIABLE ACTIVITIES THEMES All activities and programmes offered by Rools4Life are locused on one or more ol our four core themes which we believe are the Rools4Lile lor any individual ol any age al any time in their life.. 1. Food and nutrition 2. Food growing 3. Exercise and wellbeing 4. Nature and environment The themes overlap and intersect -so lor example food and nutrition lessons involve food growing as well as exercise and wellbeing, or food growing inlersecls with nature and the environment as our growing methods are organic lo protect the environment and biodiversity bul also health.
ROOTS4LIFE (Charitable incorporated organisation no. 1165003) TRUSTEES, ANNUAL REPORT for the year ended 31 IAarch 2023 STAFF AND VOLUNTEERS Rools4Lile is managed by a dedicated work-force who develop our education and environment aclivilies. Trustees would like to record a note ol thanks to the stall and volunteer team. The stall team is Currently three employees (two lull lime and one parl-limel and is supported in ils work by a growing volunteer team of over 30 people helping with community fridge. food growing sessions and nature conservation. ACHIEVEMENTS AND PERFORMANCE Operating from the Baker Cenlre, a new community hub and 8.6-acre sile in New Eltham, Greenwich, London, OLJr goal is lo ensure access to a heatthy and green life is accessible lo all ages. OLJr community hub is a purpose-bLJiII centre that has a main hall. changing rooms, a reception, catering and teaching kitchen facilities. The outdoor space measures 8.6 acres with a secure fence boundary and includes raised beds lor vegetable growing, commercial-size polytunnel. garden, wetland area, orchard and grass amphilhealre. Levi Roots officially opened our centre in July 2021. To dale we have welcome over 6,000 visitors since opening. Aim7 Tackling child and family obesfty through cooking and nutrition lessons and a weekly Community Pantry Activities Weekly Community Pantry providing healthy and free produce for local community impacted by costs of living crisis. Food and Cooking Lessons in kitchens with a professional chel and Nutrition and Food Planning Sessions and Workshops. Sessions for Children, Parenlsl Guardiansl Carers, older people, and mixed age group sessions. Delivers learning about food and nutrition, and practical cooking skills. Peer-group Obesity CommLJnily Support Groups and Workshops to support and encourage changes in attitudes and behaviours pertaining to food, eating and health. Sessions for Children, Parenlsl Guardiansl Carers, Elderly. Aim2 Access to growing food growing projects for all ages and abilities Activities Gardening and Food Growing Sessions with professional gardener alongside Gardening Workshops. Sessions for Children, Parenlsl Guardiansl Carers, Older People, and mixed age group sessions. Delivers learning and practical skills about growing plants and food and understanding food and nutrition.
ROOTS4LIFE (Charitable incorporated organisation no. 1165003) TRUSTEES, ANNUAL REPORT for the year ended 31 IAarch 2023 Aim3 Opening exercise and well-being to all ages and abilities Activities Indoor fitness, sports, dance, yoga, palates and mindfulness sessions and workshops for Children, Parenlsl Guardiansl Carers, and Older People. Deliver learning about fitness, health and wellbeing along with practical sessions and skills. Aim4 Access to green space for all Activities Sessions on urban biodiversity and conservation Improving accessibility to rewildingl re-naturing areas lor those with limited mobility Education and community sessions on nalLJre conservation. re-cycling. composting, invertebrate and wildflower identification FINANCIAL REVIEW The charity incurred net expenditure for the year of £24,74712022 £1,206), delails ol which are shown in the Slalemenl ol Financial Activities on page 10. This brings the charity's total funds lo £14.533 12022 £39,280), -£6,989 01 which were unreslricled. Total income for the year was £117,51512022 - £87,746). Total expenditure amounted to £142,26212022 £86,540). Reserves Pollcy The charity s currently has no reserves policy. Going Concern Due lo the costs ol living and significant increases in energy bills, food and resource costs, Roots4Lile as a small charity has struggled lo maintain ils financial security. A recent grant application being unsuccessful has meant that as of August 2024 Rools4Life Trustees are reviewing ils capacity to manage the large 8 acre sile and community building which is on 40 year lease. As parl ol this Trustees are reviewing closure ol the charity and Iransilioning the lease lo another local charitable organisalion in negotiation wilh the sile owner. As ol September 2024 discussions are ongoing with the site owner and the Royal Borough ol Greenwich. Ftools4Life employees who are entitled to slalutory redundancy have been informed due lo a lack of funding ol the likelihood ol closure as well as key donors and stakeholders.
ROOTS4LIFE (Charitable incorporated organisation no. 1165003) TRUSTEES, ANNUAL REPORT for the year ended 31 IAarch 2023 Trustees. responsibilities Company and Charity Law requires the Trustees lo prepare financial slalemenls that give true and lair view ol the stale ol affairs ol the ¢h8rity al the end of the financial year and of ils surplus or deli¢il for the financial year. In doing so the Trustees are required to- Select suitable accounting policies and then apply them consistently: Make judgments and estimates that are reasonable and prudent., Stale whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial statements: Follow the methods and principles of the Charity SORP- and Preparè the financial statements on the going concern basis unless il is inappropriate lo assume that the charity will continue in operation. The Trustees are responsible lor 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 slalemenls comply with the Companies Act 2006. They are also responsible lor safeguarding the assets ol the charity and hence lor taking reasonable steps for the prevention and detection of fraud and other The Trustees are responsible for the maintenance and integrity ol the corporate and financial information included on the charitable company s website. Legislation in the United Kingdom governing the preparation and dissemination ol the financial statements may diller from legislation in other jurisdictions. Approval This report was approved by the Trustees on and signed on ils behalf by.. Steve McAllster Flsher Chair
ROOTS4LIFE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES For the year ended 31 March 2023 I report lo the trustees on my examination ol the accounts of the above charity I'the Trust") for the year ended 31 March 2023. Responsibilities and basis of report As the charity trustees, you are responsible lor the preparation ol the accounts in accordance with the requirements ol the Charities Act 2011 1"Ihe Acl"l- I report in respect of my examination of the Trust's accounts carried out under section 145 01 the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515llbl ol the Act. Exarnin8r's statement I have completed my examination. I confirm that no material matters have come lo my attention lolher than that disclosed below) in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 01 the Act, or the accounts do not accord with the accounting records. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in order to enable a proper understanding ol Ihe a¢¢ounts lo be reached. Disclosures l understand that the financial statements have been prepared lo give a 'true and lair, view, and have departed from the Charities IAccounls and Reports) Regulations 2008, only lo the exlenl required to provide a 'lrue and lair vieW. This departure has involved following SORP FRS102 lelleclive January 20191, rather than the Accounting and Reporting by Charities-. Statement ol Recommended Practice effective from 1 April 2005 ISORP 20051, which is referred lo in the extent regulations, bul has since been withdrawn. Charles Ssempijja, FCA NfP Accountants Ltd Chartered Accountants 86-90 Paul Street London EC2A 4NE Date:...............................
ROOTS4LIFE (Charitable Incorporated Organisation no. 11650031 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2023 Unrestrlcted Restrlcted Total Funds Funds Funds 2023 Unreslriclecl RestricteLI Total Funds Funds Funds 2022 Notes INCOME FROM Donations and lagaci8S Earned in¢ome 9,080 14,069 94,366 103,446 14,069 21,577 1,471 64,$98 86,275 1.471 TOTAL INCOME YJ,149 94,366 117,515 23,048 64,$98 87,746 EXPENDITURE ON Staff costs Gr05s salaries 30,851 3,319 2,003 1,043 40,246 71 25,815 14,851 40,666 Employer Nl Other salary costs Consultancy fee5 Project costs Project tools, equipment, arKI cutlery Food and groceries Marketing Cotnposl, plants, and seeds Sheds and shelters Grounds maintenance Other project activity costs Running costs Flenl and ra18S Insurance 3,319 2,003 21,022 19,979 2,977 9,846 12,823 7,202 3,221 377 7,202 3,290 380 4,4S2 5,587 2, 143 10,049 2, 143 69 7,381 5,025 2,149 546 7,381 5,025 2,149 1.248 739 739 600 1,080 1,680 702 332 35 367 1,218 13,244 1,218 9,887 260 1,251 3,334 1,511 9,034 3,357 5,700 L8gal and professional fegs Slalf and volunteer training Health and safety Independ8nt exarnination fees Repairs and maintenance Sundry expenses 500 500 510 510 24 24 S97 537 840 840 840 1,631 316 1,300 249 331 6,000 67 TOTAL EXPENDITURE 44,598 97,664 142.262 46,662 39,878 86,540 Net lexpenditurellincome before transfers 121,4491 13,2981 124,747) (23,614) 24,820 NET MOVEME IN FUNDS 121,4491 13,2981 124.747) (23,$14) 24,820 TOTAL FUNDS ATOI APRIL 14,460 24,820 39,280 38,074 38,074 TOTAL FUNDS AT 31 MARCH 16,9891 21,522 14,533 14,460 24,820 39,280 All incoming resources arKI outgoing resources derive frorn continuing actiwties. The ann8X8d not8s forrn part of th8se financial statements
ROOTS4LIFE Icharitsble Incorporated Organisation no. 1165003) BALANCE SHEET As at 31 March 2023 2023 2022 Notes CURRENT ASSETS Debtors.. accrued income Cash at bank and in hand 4,950 118,474 152.110 CREDITORS: amounts falllng due within one year {108,8911 (172,830) NET CURRENT ASSETS 9,583 39,280 NET ASSETS 14,533 39,280 FUNDS Restricted funds General fund lunrestrictedl 21,522 16,9891 24,820 74,460 TOTAL FUNDS 14,533 39,280 The financial statements have been prepared in accordance wilh Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP FRS 102, edition October 2019, elleclive 01 January 20191, the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 and the Companies Act 2006. They were approved, and authorised for issue, by the Trustees on signed on their behalf by=_ and Sieve McAllsler Fisher Chair The annexed notes form part ol these financial statements 10
ROOTS4LIFE (Charitable Incorporated Organisation no. 11650031 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 ACCOUNTING POLICIES 88sls of prep8ratlon of fln8nc181 statements The financial statements have been prepared under the histori¢al Cost convention with items recognised at cost or transaction value unless olheNise staled in the relevant nolelsl to these accounts. The financial slalements have been prepared in accordance with the Statement ol Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ISORP FRS 1021 ledilion October 2019, elleclive January 20191, and the Financial Reporting Standard applicable in the United Kingdom and Republic ol Ireland IFRS 1021 and the Charities Act 2011. Income and expendilure have been analysed on a 'nalural basis, taking advantage of sections 4.6 and 4.22-4.26 of the SORP. The effect of events relating to the year ended 31 March 2023 which occurred before the dale ol approval of the financial statements by the Trustees has been included in the linaneial statements to the exlenl required lo show a true and fair view of the slate ol allairs al 31 March 2023 and the results for the year ended on that date. The financial statements have been prepared lo give a 'lrue and lair, view and have departed from the Charities IAccounls and Reports) Regulations 2008 only lo the extent required to provide a 'lrue and fair view.. This departure has involved following SORP 2015 rather than the Accounting and Reporting by Charities.. Statement ol Recommended Pra¢lice effe¢live from 1 April 2005 ISORP 20051 which has since been withdrawn. The CIO is a public benefit entity within the meaning of FRS 102. Golng concern The Trustees consider that there are no material uncertainties about the charills ability lo continue as a going concern. Key judgements that the charity has made which have a significant ellecl on the accounts include estimating income and expenditure for the next 12 months. Statement of Cash Flows The Company has taken advantage of the exemption conferred by Section 1 of FRSI 02 in relation to the Sialement of Cash Flows. Income All incoming resources are included in the Statement of Financial Activities when the Charity is enlilled to the income and the amount can be quanlilied with reasonable accuracy. Grants which have a reslriclion as lo liming are recognised over the period lor which they are given. The value ol services provided by volunteers has not been included in the accounts. 11
ROOTS4LIFE (Charitable Incorporated Organisation no. 11650031 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 Fund accounting General funds are unreslricled funds which are available lor use al the discretion of the Trustees in furtherance of the general objects of the Charity and which have not been designated for other PLJrposes. Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by donors which have been raised by the Charity lor particular purposes. The cost ol raising and administering such funds are charged against the specific fund. The aim and use ol each reslricled fund is sel out in the notes to the financial statements. Statutory grants which are given as contributions towards the Charity's core services are treated as unreslricled. Expenditu and irrecoverable VA T Expenditure is recognised once there is a legal or conslruclive obligation lo make a payment lo a third paty, it is probable that selllemenl will be reqLJired and the amount of the obligation can be measured reliably. All the expenditure ol the charity is in the furtherance ol its charitable activities and includes the costs ol delivering services Ljndertaken lo further the purposes ol the charity and their associated SLJPPOrt costs. Irrecoverable VAT is included in expenditure as parl ol the gross cost ol items. Where VAT is recoverable, expenditure is shown net of this VAT. Basic financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic linaneial instruments are initially recognised al transaction value and subsequently measured al their settlement value with the exception ol bank loans which are subsequently measured al amortised cost using the elleclive interest method. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discoLJnl ollered. Prepayments are valued at the amount prepaid nel ol any trade discounts due. Cash at bank and in hand Cash al bank and cash in hand includes cash and short term highly liquid investments with a short malurily ol three months or less from the dale ol acquisition or opening of the deposit or similar account. 12
ROOTS4LIFE (Charitable Incorporated Organisation no. 11650031 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing lor any trade discounts due. 2. DONATIONS AND LEGACIES Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2023 Total Funds 2022 Arnold Clark Foundation Lealhersellers The Forester Family Trust Hubhub Foundation Asda Foundation Cooperative Bank London Calalysl Natural England Wild Wednesdays Natural England Green Social Prescribini Mayor of London.. Grow Back Greener Metropolitan Public Gardens Association National Lottery Sl. James Church Tallow Chandlers Young Greenwich Royal Borough of Greenwich Food and lun programmes - Community Champions Small Grants Community Fund -HAF - Warm Spaces Other donations 1,000 2,500 3.000 1,000 2,51XI 3.OlXI 800 1,038 2,150 800 1,038 2,150 3.000 5,000 2,5(Kl 4,950 20.528 2,500 4,950 20.528 21,156 600 9,600 750 20,000 9,936 9,936 5,9rKI 5,91JO 720 4,818 8,550 29.979 2,497 720 4,818 8,550 29.979 2,497 2,580 25,342 2,580 827 9,080 £ 94,366 £ 103,446 £ 86,275 13
ROOTS4LIFE (Charitable Incorporated Organisation no. 11650031 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Social security and other taxes Net wages payable VAT Landlord's advance for future repairs Isee note below) Accruals 4, 779 17 107,434 17 107,434 1,440 600 108,891 £ 7 12,830 During 2020-21, the signed a new propety lease lor 40 years with Linden Homes (the landlord). As part of the lease agreement, the landlord made a one-oll payment of £100,000 to the charity lo be used in offset against future repair costs ol the building. The charity musl return the building in the same Condition as it was acquired, and the landlord retains the right to disallow the use of these funds if they consider that supporting documents requested and provided are not salislaclory. As this is an operating lease Isee Note 9 below), and there is no time reslriclion as to when the charity can use the funds, the amount is shown as a current liability in these accounts. 4. STAFF COSTS AND NUMBERS Unrestricted Funds 2023 Restricted Funds 2023 Total Funds 2023 Total Funds 2022 Gross pay Employer Nl Employer pension 71,097 3.319 71,097 3,319 40,666 74,416 21,022 74,416 21,022 40,666 12,823 Consultancy costs TOTAL STAFF COSTS £ 95,438 £ Nil £ 95,438 £ 53,489 The average weekly number of stall in the year Iheadcounll was 1 12022 - 01. That key management staff member received total remuneration of £9,27912022 £Nill. No employees received remuneration in excess of £60.00012022 - the same). 5. TRUSTEES One Trustee was reimbursed out of pocket expenses amounting lo £1,02012022 Nill. No Trustees were paid lor reimbursed expenses12022 - the samel- 14
ROOTS4LIFE (Charitable Incorporated Organisation no. 11650031 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 6. CORPORATION TAX The charity is exempt from lax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation ol Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 7. STATEMENT OF FUNDS Brought Incoming FoThvard Resources Resour¢e$ Transfers & Expended Gains l Losses Carried Fonvard 2023 Restricted funds.. ASDA Foundation London Calalysl RBG Community Champions Cooperative Bank Grow Back Greener Mayor of London HLJbhub FoLJndation Hubhub Pumpkin Rescue Metropolitan Public Gardens Association National Lottery A4A Heat Club National Lottery Climate Community RBG Small Grants Community Fund RGB HAF RGB Holiday Food and Fun Programme Natural England Wild Wednesdays RGB Warm Space Natural England Green Social Prescribing Young Greenwich 1.038 1964) {3,491) {4,259) {2,150) 131.947) 2,965 74 184 3,675 4,818 559 2,150 12.616 20,528 1.197 2,965 {800) 9.936 (3.905) 6.031 8,915 {7,590) 1,325 8,550 {3,515) 26,622) 5,035 29,979 3,357 20 720 740 2,500 (2.215) 1521) 285 2,497 1,976 4,950 (4.242) (2,478) 708 (3,376) 5,900 46 Total reslricled funds Unreslricled fund 24,820 14,460 94,366 23.149 197,664) 144.598) 21,522 {6.989) Total funds 39.280 £ 117,515 £ (142.262) £ Nil £ 14,533 15
ROOTS4LIFE (Charitable Incorporated Organisation no. 11650031 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 Brought Incoming Fonvard Resources Resources Transfers & Expended Gains / Losses Carried Fonvard 2022 Restricted funds.. London C2t8lyst Grow Back Greener Mayor of London Hubhub Foundation Melropolilan Public Gardens Association National Lottery Climate Community RBG Together for Winter RGB Holiday Food 2nd Fun Programme Summer RGB Holiday Food and Fun Programme Winter Young Greenwich 5,000 [7,325) 3,675 21,156 (8,540) 135) 12,616 3,000 2,965 600 (595) 9,600 (685) 8,975 5,392 (5,392) 13.875 (13,855) 20 6,075 [6,075) (3,376) (3,376) Total restricted lunds Unrestricted fund 64,698 23,048 (39,878) (46,662) 24,820 14,460 38,074 Tot21 funds 38,074 £ 87,746 £ (86,540) £ Nil £ 39,280 16
ROOTS4LIFE (Charitable Incorporated Organisation no. 11650031 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 8. ANALYSIS OF NET ASSETS BETWEEN FUNDS General Funds 2023 R8Stricted Funds 2023 Totsl Funds 2023 Total Funds 2022 2023 CLJrrent assets Creditors due within one year 96,952 1108,8911 21,522 118,474 (108,891) 152,110 (112,830) È 16,9891 È 21,522 £ 9,583 £ 39,280 2022 Current assets Creditors due within one year 127,290 (172,830) 24,820 152,110 (112,830) 74,460 24,820 £ 39,280 9. OPERATING LEASE COMMITMENTS DLJring 2020-21, the charity entered a 40 year property lease with Linden Homes. Under the lease, the charity is required to pay a peppercorn rent, and can serve notice of lerminalion of the lease al any lime without penalties. The landlord cannot seNe notice ol lerminalion ol the lease during the lease term. In addition, under the terms of the lease, the landlord has made a one-off payment of £100,000 lo the charity, as an advance payment in lieu ol covering any lulure repair costs. Al the end ol the lease term. the charity musl return the premises in the same condition as at the start ol the lease. While the lease transfers some rights and obligations ownership, the landlord retains lull ownership ol the premises, and retains the right lo inspect the premises and any supporting documents in relation to repair costs charged lo the £100,000 advance. In substan, the rights and obligations ol ownership have not been transferred. Therefore the lease is treated as an operating lease in these accounts. BecaLJse the landlord retains the right lo inspect supporting documents in relation lo any repair costs that are charged lo the £100k advance money, and can reject expenses that they consider unsatisfactory, this amount is recorded as an advance in creditors. The amount will be released into income when all conditions ol any chargeable repair Costs have been mel. 10. OTHER LEGAL INFORMATION Rools4Life 18 a charitable incortx)rated organisalion, registered with the Charity Commission in England and Wales, registration number 1165003. Ils registered ollice address is Bardhill Cenlre, Foolscray Road, New Ellham, SE9 2EL. The accounts are presented in GBP rounded to £1. 17