Chavlty number: 1169417 THE LILE ORCHARD CHARITABLE TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE UTfLE ORCHARD CHARITABLE TRUST CONTENTS Page Reference and admlnistratlvg dfjtsll¥ of th• Ch•rlty, Its Tntst•e8 and advi8•ra TnNlees' r¢port Ind•p8nd•nt •xafflin•fs rnwl stat•ment of flnancial aclivltl•s 8alanc• 8h•ot statement of $h Noles to the finan¢l*l 8tatsments 8-15
THE LirrLE ORCHARD CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Mr B Parkander {deceased 8 Fel)ruary 2024) Mrs E Parkander Mrs A Parkander Charfty reglstered number 1169417 Prlnclpal offlce James Cowper Kreston 2 COMMUntiOnS Road Greenham BUneSS Park Newbury Berkshire GL1 STS Accountants James Coww K$tOn Chartered Accountsnls 2 Communications Road Greenham 8UneSS Park Greerbham Newbury erkshire RG19 6AB Page 1
THE UTTLE ORCHARD CHARrrABLE TrUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEER 2023 The Trustees present their annual report tOther with the financial statets of the Charity for the 1 January 2023 to 31 December 2023. The Trustees confim that the Annual report and financ1 statements of the Charity comply with the Charities Act 2011, the requirements of the Charitys gov8ming dccurnent and Aecounting and Reporting by Charities statement of Recommended Pradic8 ISORP) applicabte to charities preparing their accounts in accordance wrth the Financial Rewting Standard apF&tsble in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019}. Refgr•n¢¢ and admini#trntiv• infamlI0n The Little Orehard Charitable Trusys administrative Offi is James Cowper Kreslon. 2 Communications Road. Greenham Business Park, Greenham, Newtryjry, Berkshire. RG19 6AB. It registered wth the Charity Commission for England and Wales under number 1169417. The Twsl was founded in 2014 and was dOMnt unlil il registered as a charity in September 2016. It is governed by ils deed of twst ded 26 Seplemter 2014. Oble¢tl¥es and a¢tfvltles Polkles and oble¢tlves The objectives of the Charity are to appty its ino)rr for any charitable objects and purposes in any part of the world as the Trustees may. in their discretion. see fit The Trustees also reSe to seek. there possible. to fuffil their tharitable obj.ects by provwjiny fvnds to local causes in Gloucestershire whth prcrfTh)te ffental heallh avarene5S. The Trustees confirm their investment pc4w is io provkje a balwce of income and ¢apitsl git>wth. The Trustees seek to maintsin a sum, assessed trom time to tin in the light of probable fvt expenditure, in cash reseNes to meet that expenditure. The Trustees confirm thal in setting the obJ'ec*ves of the Trust they have complied with their duty in se¢lh)n 4 of the Charities Act 2011 to have due regard to Publ benefft guKlan¢e published by Ihe Charity Commission. Achtevements and wformanc• . Main a¢hl•v•ments of th• crity During the year the Trust reeeived donations of £6.420 (2022 £ndl and reported a loss after investment fair value losses of £59.772 {2022: £251,566 loss). A £10,000 grant 12022.. £30.0001 was gNen to Gloucester Community Fund lo support voluntary and community groups that are in the field of mentsl health. The Charity also buitt up its reseNes to continue gifting grants in the futu. Flnanclal revlew . Golng conc•rn After making appropriate eruIrIeS. the Twstees have a ax)nable expectatson that the Charity has adequate resources to conlinue in operab'onal existence for the foreseeable future. For this reason. they continue lo adopt the going conrn basis in pparIng the finanoal statents. Further detsils regarding the adoption of the going concern basis can be found in the accounty'ng policw. Page 2
THE LITTLE ORCHARD CHARITA8LE TRUST TRUSTEES. REPORT (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 b. Res•rves policy A minimum level of resee5 a held to ¢over al planned futu expendilure. These funds WIN be utili$ed to fulfil the objects of the Chanty in future pericKls. It is intended that resee$ held should be sufficient for the Charity to fvnd Chantable expenditu out of the retum on Ihe inveslwts hehj. At the year end the Trust had £2,812.092 {2022". £2,871.8641 free reseNes. being unrestricted funts. Structure. gov¢rn•n •nd man•yment . Ory•nl$•tlonal strn¢Ie and declslon4Nklng pollcles The Charity is administered by the Trustees as set oui in the general information. The Trustees hold al least iwo meetings a year. The Trustees who served during the year were '. Mr B Parkander (deceased 8 February 20241 Mrs E Parkander Mrs A Parkander The appointment of new Trustees ss made by the existing Trustees. The Trustees shall consist of al least tsvo but no more than six indiwduals. Subj'ect lo disqualification or resignation the First Trustees. Mr 8 Parkander and Mr$ E Parkander, are entitled to hold Off for lrfe. Future Trustees must be appointed by resolutson of the Trustees. Every lulure Tnjstee must swJn a declarat of wellness to act as a Tnxstee of the Charity before he or she may act as a Trustee. No remuneration is paid to the Trustees. Approved by order of the mentss of the b)ard of Trustees and signed on th'r behalf by.. i41rn E Parkander (Trustee) Date.J& . S. Page 3
THE LITfLE ORCHARD CHARITABLE TRUST INDEPENOENT EXAIINERE REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Ind•pend•nt Examin•Vs Report to the TnMt••s of Th• Lltth Orchard Charitabh Trust fth• Charty, rgport to the charity Trustees on my examinat)n of the Ounts of the Charity for the year ended 31 Decembgr 2023. R•Bponsibiliti•4 and Bas18 of Rèport As the Trustees of the Chaiity you are responsible for the preparation of the accounts in accordance with the requirements of the Chaiities Act 2011 {'the 2011 Acr). I report in respect of my examinat¥)n of the Charity's accounts carried out under seth.on 145 of the 2011 Act and in carrying out my examination I have f01t(p the applKatle Direth"ons given by the Charity Commission und section 145151{bl of the 2011 Act. Independent Examlnerfs Ststement Your attention is drawn to the fact that ihe Charity has prepared the xcounts in accordance with Accounts'n9 and Reporting by Charities.. Ststement of Recomrrnded PTacts"ce applicable to charities preparing their accounts in accordance wrth the Finanoal RewJrts"ng Standar(l applicabk in the UK and Republic of Ireland IFRS 102} in preference lo the Accounting and Report]"ng by Chartbes.. Statement of Recomm8nded Practic8 issued on 1 April 2005 which is referred to in the extant regulatn5 but ha5 been wrthdrawn. l understand that this has been done or(ler for the accounts to provide a true and fair view in accordan with the Generally Accepted Accounbng Practice effective for reFthJ'ng pemds beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come io my attention in connection with the examination gi¥ing me cause to beli8ve that in any material resFecL accounting recwds were not kept in fespe¢t of the Chanty as requi by section 130 of Ihe 2011 Act or the a¢¢ounts do not accord wth those records: or the accounts do not compty wrth the appl requirements eon¢eming the form and Content of accounts sel out in the Charities (Accounts and Reports) Regulation$ 28 other than any requirement that Ihe accounts give a 'true and fairf whi¢h is nol a matter considered as part of an independent examination. I have no concems and have come aCsS no other matters in Con1 wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made sotety lo the Charivs Twstees. as a tojy, in accordance with Part 4 of the Charities (Accounts and Reports) RegulatiMs 2008. My vrnk has been undertaken so that I might stste to the Charity's Tnjslees those matters l am required to stste to them in an Independent examinerfs report and for no other purpose. To the fullest extent perrned by law. I do not attept or assume responsibility to anyone other than the Charity and the Charitrfs Trustees as a t£<ly. for my wck or for this polI Dated: eoz FCA &gned'. Fiona Hawkins James Cowpor Kreston Chartered Accounlanls 2 Communications Road (knnham Business Park Greenham Newbury Berkshire RG19 6A8 Page 4
THE LITTLE ORCHARD CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEVaER 2023 Unrgstriclod funds 2023 Total funds 2023 Total funds 2022 In¢ome from: Donations and legaaes Investments 6,420 40,10S 6A20 40,105 55,635 Total Income 46,525 46,525 55,635 Exp•nditur• on: Raising fiJnd$ Charitable activities 7.092 15,$94 7,092 15.594 7.673 35.045 Total expendlture 22,686 22,686 42,718 Net incom• before net losses on Inveslmonts Net losses on investments 23,839 183,611) 23.839 183,611) 12.917 {264,483) Net movement In fvnds {S9.7721 159.7721 {251.566) Reconclllation of funds: Total funds brought fomard Net movement in fvnds 2M71.864 159.772} 2,871.864 159,772} 3.123.430 1251.5661 Total funds cafflod forward 2A12,092 1812,092 2,871,864 The Statement of Financial Artivilies includes all gains and losses recognised in the year. The notes on pages 8 to 15 fomi part of these financ4al statements. Ptye5
THE UTTLE ORCHARD CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEIABER 2023 2023 2022 Note Fix•d a88•ts Investments 11 2.743.051 2.689.321 2,743.051 2.689,321 Current assets Cash at bank and in h*KI 76.985 191,363 76,985 191,363 Credilots". allnts falling due w•thin one year 12 17.9441 (8,820) Net current assets 69.041 182,543 Total assets less current Ilabllltle8 1812.092 2.871.864 Net assets exdudlng ponslon asset 2.812.092 2.871.864 Total net assets 1812,092 2,871.864 Charlty fund8 Unreslricied funds 14 2,812.092 2,871.864 Total funds 2.812.092 2,871,864 The financial statements were approved a1 authorised ts issue by th8 Trustées and signed on their behalf by.. irs E Parkand•r (Trustee) Date.Jb. 6 . The notes on pages 8 to 15 fom part of these financ1 slatements. Page 6
ThE LITTLE ORCHARD CHARITABLE TRUST STATElNT OF CASH FLOWS FOR ThE YEAR ENDED 310ECEMBER 2023 2023 2022 Cash flows from op•rating activits•s Net cash used in operats.ng xtivit*s 116,5611 138,938) Cash Ilows from Investlng actlvltlos Proceeds from sale of investnEnts Purchase of in¥estments Investment income 1.020,923 3,801,934 (1,158,845) 13.780.304) 40,105 55,635 Not ¢ash lusod Invprovlded by Investing adivities 197.8171 77.265 Cash flows from financing a¢¢lvltl¢s Net cash providod by finan¢lng a¢tivltlos Change In cash and cash •qulval•nts In th• year Cash and cash equivalents at Ihe beginning of year 1114,3781 191,363 38,327 153,036 Cash and cash •quival8nts at the end of th• y•ar 76,985 191,363 The notes on pages 8 to 1S fomi part of these financial statenwnts Page 7
THE UTTLE ORCHARD CHARITA8LE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023 General infornialion The Little Orchard Charitsbl8 Tru5f5 administratsve Off 15 Jame5 Cowper Kreston. 2 Communications Ro&J, Greenham Busine Park, Greenham, Newbury, Berkshire. RG19 6AB. 11 is registered with the Charity COMrrson for England aThJ Wale5 under number 1169417. AcGounting polici48 2.1 Basls of preparatlon of financial statements The finanaal slatements have been prepared in x¢ordan¢e ¥th the Charities SORP (FRS 102) _ Accounting and ReportiThJ by Charitts: Statement of Rewmmended Practice applicable lo charities preparing their accounts in a¢¢ordan¢e the Financial Repoth'ng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffethve 1 January 2019}. the Finanryal Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102) and the Chan'ties Act 2011. The financial statements have trfftn prepared to gNe a 'true and fairf view and have departed from the Charities {Accounls Reports) Regulabons 2008 onty to the extent required to provide a 'lrue and fairf view. This departure has involved followmg the Charities SORP IFRS 1021 published in October 2019 rather than the A¢counting and Repofbng by Charities.. Ststement of Recommended practi effective from 1 April 2005 has sinee been withdrawn. The Litue Orchard ChaTrlable Trust meets the definition of a public benefit entty under FRS 102. Assets and liabiltbes are initialty recogni%ed al historical cost or transaction value unless otherwise stated in the levant aecountirKJ wlicy. 12 Golng corK•rn The Charity holds sufficient reserves and maintains a diverse irwestment portfolio. Therefore ihe Trustees have a reasonable expectation that the Charity has adw4uate resources to continue in operalional existence for the foSeeable future. For this reason. they continue to adopt the going concern basis in preparing the financial statements. 2a Incom• All income is reccgnised once the Charity has entiuement to the income, il is probable that the income will be received and the arrnt of income receivatrAe can be measured reliably. Income tax recoveratle in relation lo donat#)ns received under Gift Aid or deeds of covenant is recognised at the lime of the donation. 2A Exp•ndllure Expenditure is recognised once there is a legal or constructtve obligation to transfer economic benefit to a third paty, it is Probable that a transfer of economic beneffts will be required in settlement and the amount of the obligation can be aSured reliabty. Expendrture L% classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. inc5uding support costs involved in undertaking each &tivity. Direct costs attributable lo a single activity are allocated directty to that actNty. Shared costs whh contribute to more than one activity and support costs which are nol attributsble to a ngle activity are apFM)rtioned been those activities on a basis consistent with the use of resources. Expenditure on raising funds indudes all ex[dIture incurred by the Charity to raise funds for ils charitable purposes and indudes costs of all fundraisiryj athities events and non-charilable tradiry. Expenditure on ¢haritable *ivFbes is incurrnd on directty undertaking the activities which further the Charity's obie¢tsves. as well as any assoaated support costs. Page 8
THE LITTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policles {continued> 2A Expenditur• Icontlnu•d) Grants payable are charged in the year when the offer is made 8xcepl in those cases where the offer is condib"onal, such grants beirs recognised as experllUre when the ts)nditions attaching are fulfilled. Grants offwed subject to conditions which have not been met at the year end arg noted a5 a commitThnt, L1 not a(xrued as eXPrture. All expenditure is indUVe of iffecoverdble VAT. 2.S Inv•slment• Fixed asset investments are a fomi of financial instrument and are iniknalty recognised al their transaction cost and subsequenty measured al fair value at the Balance sheet date, unless the value cannot be measuled reliabty in case it is measured at cost less impaimient. Investrnent gains and losses. whether realised or unrealised. are combined and presented as 'Gainslllosses) on investments. in the Statement of financial aclivibes. 2.6 Cash at bank and In hand Cash at bank and in hand irKludes cash and short-temi hvjhty IUld investments with a short maturity of three months or less from the date of wuisition or opening of the deposit or Similar account 17 Llabilities and provisions "abilits"es are reCOgned wben there is an obligation al the Balan sheet date as a result of a past event. rt is probable that a transfer of economic benefit will be required irb settlement. and the amount of the settlement can be esbrroted reliabty. Liabilits"es are reco9nised at the am¢)unl that the Charity an11Pate$ it wim pay to settle the debt or the amount it has r4Ved as advanced PaneTrts for the gwds or servKg5 it rnust provide. 2.8 Flnancial Inslrum•nts Basic financial a5$ets, whth indudg debtar5 aTrJ cash and bank balances. are inrtially measured at transactr.on price includirvJ tranSxt1 costs and are subsequentty carrd al amortised $t using effective interest methods unl855 Ihe arrangment constitutes a financing transaction, wh8re the transaction is measured at pr8sent value of the future receipts discounted at a market rate of interest. Finanual assets classified a5 reNable Within one year are not amortised. Other financial assets, induding trade investments, are inrtially measured al fair value, whh is normally the transaction PTKe. Suth assets are subsequenty carried al fair value and the changes in the fair vae are recogni$8d on net income l (expenditure), except for investments in equity instruments that are rt Publ traded and whose fair values cannot be reliably rr*asured are recognised at cosl18ss iThyairrn8nL Basic financi liabilib"es. including creditors are inkn.alty fecognised al transaction price unless th8 arrangement constitutes a financiThJ transaction. where the debt instrument is measured at the present value of the future payments discounted at a markel fate of inte$t Finanual liabilities Glassified a5 payable wthin Jtar are not anmytised. Debt instruments are subsequefity carried at anwlised cost, using the effecbve Inte$t rate method. Pa3e 9
THE LITTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS F¢)R THE YEAR ENDED 31 DECEIABER 2023 Ac¢ountlng pollcl¢8 (contlnued) 2.9 Fund accountlng General fvnds ale unrestricted funds which are availalqe for use at thg dis8110n of the Trustees in furtherance of ihe general obpctsves of the Charity arKI whFch have not been designated for other purposes. Investment incW. gains and h)sses are alIcated to the appropriate fund. Incom• from donation8 and l•gxles Unr¢8trlctsd funds 2023 Total funds 2023 Total fvnds 2022 Donations 6.420 6A20 Investmenl Income Unrestrkted fmds 2023 Total funds 2023 Total funds 2022 Income from invesbnents 40,105 40,10S 65,635 Investment management CO81$ Unrestricted funds 2023 Totsl funds 2023 Total funds 2022 Investsnenl managemenl costs 7.092 7,673 P4e 10
THE LITTLE ORCHARD CHARITA8LE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Anatysls ol gr•nls Grants to Institutions 2023 Total funds 2023 Total ftjnds 2022 Grant funding of activities 10,000 10,000 30,000 The Charty has made the follo*irKJ rnatwi grdnts to instilutsons during the year. 2023 2022 Name of Institution Gloucestershire ConNmunty Fndation 10.000 30,C4)0 10.000 30.000 Grants were made to Gloucestwshire CnrnitY Foundation to supwrt local voluntary and community groups and organisations that are irb the of mentsl health. AnatysSs of •xp•ndituT• on charilal activilles Summary by lund typtr Unr•8trlctsd funds 2023 Total 2023 Total 2022 Grant funding ol actsvbties 15.594 15594 35,045 Summary by oxp¢ndlture type (Xhor Toial 2023 Total 2022 23 Grant funding of activilies 15.594 15.594 35.045 Page 11
THE LirrLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEprrs FOR THE YEAR ENDED 31 DECEMBER 2023 Analysls of expenditurn by activlli•s Grant fundlng of a¢tsvitit$ 2023 Support costs 2023 Totsl funds 2023 Total funds 2022 Grant funding of aCtiV"eS 10,1)00 5,594 1594 35.045 Total 2022 5.045 35,045 Independ•nl exJmln•rf$ r•mun•ration The independent examine¢s remuneration amounts to an IThJepeIent examiner fee of £5.544 12022 - £5,280). 10. Trusto0s' r¢mun•rntlon and expnses During th& year. no Trustees received any remunera or other te12022- £NILI. During the year ended 31 December 2023. no Trustee expenses have been incurred {2022 - £NIL). 11. FIX as$•t Inveslments Li8tod inv•8tm•nt8 C06t or valuatlon At 1 January 2023 Additions 2,889,321 1,158,845 11.044.482) 160,633) Disposals Revaluations At 31 December 2023 1743,OS1 Net book valu• At 31 Deeenthr 2023 2,743,051 At 31 Decen*)er 2022 2.689,321 Equity instruments that are listed on a reguLgted stock exchange are measured at fair value using obseNable markel value. Page 12
THE LrrrLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12. Cr•dliorB: Amounts lalllng due 4*lthln one year 2023 2022 ruals and deferred income 8.820 13. Financial instruments 2023 2022 Flnanclal a$sets Finan31 assets measured at far value through income and expenditure 76,985 191,363 14. Stat•ment of funds statement of funds - currént y•ar Balae at 31 Galn81 t>¢¢omber ILossesl 2023 Balance at 1 January 2023 Income Expendlture Unr•strl¢ted fund$ General Funds- all funds 2.871,864 46.525 (22.6861 (83.611) 2.812.092 ststement of funds - prlor year Balance at 31 December 2022 Balance at 1 January 2022 Gainsl (Losses) Income Eypenditure Unrestrlcted fvDds General Funds - all fvrKIs 3.123,430 55,635 (42,718) (264,4831 2,871.864 Page 13
THE UTTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEIAENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Anatysl$ of n¢t 4s$0ts between funds Anatysl$ of net assets between funds - currènt year Unrestrlcted funds 2023 Total funds 2023 Fixed asset investments Current assets Creditors due vthin one year 2.743,051 76,985 17.944} 2,743.051 76.985 17,944) T¢>tal 2,812,092 2,812,092 Analysls of net assets between fvnds. prfor year Unrestricted funds 2022 Total funds 2022 Fixed assel Inveslrrnts Current assets Creditors due wilhin one year 2.689.321 191.363 18,8201 2.689,321 191,363 (8,8201 Total 2,871.864 2,871,864 16. Reconclliatlon of n•t movement In lunds to n•t ush flow from opgrallng athltles 2023 2022 Net expenditure for the year las per statert of Finanaal Activities) 159,7721 {251.566) Adjustments for: Loss on investments Dividends. interests and rents from irwestTr*nts Loss on the sale of fixed assets Inc8$e/le¢ase) ffi credrtors 60,633 (40,106) 23.560 1876) 114,286 {55,635) 150,197 3,780 Net cash used In 0tIng actlviti•5 (16,561) 138,9381 Page 14
THE UTTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17. Analysls of cash and cash equlvalents 2023 2022 Cash in hand 76.98S 191.363 Total cash and cash equlvalents 76,985 191,363 18. Analy618 of chang In debt At31 Do¢•mber 2023 January 2023 Cash Ilows Cash at bank and in harKI 191,363 11143781 76,98S 191.363 {114,3781 76,985 19. Related party transactlons During the year datiOnS of £6.42012022- £nill wefe receNed from the Trustees. Page 15