Chavlty number: 1169417 THE LI￿LE 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 ￿$h Noles to the finan¢l*l 8tatsments 8-15 THE LirrLE ORCHARD CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Mr B Parkander {deceased 8 Fel)ruary 2024) Mrs E Parkander Mrs A Parkander Charfty reglstered number 1169417 Prlnclpal offlce James Cowper Kreston 2 COMMUn￿tiOnS Road Greenham BU￿neSS Park Newbury Berkshire GL1 STS Accountants James Coww K￿$tOn Chartered Accountsnls 2 Communications Road Greenham 8U￿neSS Park Greerbham Newbury erkshire RG19 6AB Page 1 THE UTTLE ORCHARD CHARrrABLE TrUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECE￿ER 2023 The Trustees present their annual report tO￿ther with the financial state￿￿ts of the Charity for the 1 January 2023 to 31 December 2023. The Trustees confim that the Annual report and financ￿1 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• infam￿lI0n 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 dOM￿nt unlil il registered as a charity in September 2016. It is governed by ils deed of twst d*ed 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 reS￿e 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 pc4*w 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• c￿rity 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 er￿uIrIeS. 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 con￿rn basis in p￿parIng the finanoal state￿nts. 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 rese￿e5 a￿ held to ¢over al planned futu￿ expendilure. These funds WIN be utili$ed to fulfil the objects of the Chanty in future pericKls. It is intended that rese￿e$ 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 Recomrr*nded 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 regulat￿n5 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$ 2￿8 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 aC￿sS no other matters in Con￿1￿ 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 perrn￿ed by law. I do not attept or assume responsibility to anyone other than the Charity and the Charitrfs Trustees as a t£ 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 exper￿llUre 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, L￿1 not a(xrued as eXP￿rture. All expenditure is indU￿Ve 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 I￿Uld 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 reCOgn￿ed 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 an1￿1Pate$ it wim pay to settle the debt or the amount it has r￿4Ved as advanced Pa￿neTrts for the gwds or servKg5 it rnust provide. 2.8 Flnancial Inslrum•nts Basic financial a5$ets, whth indudg debtar5 aTrJ cash and bank balances. are inrtially measured at transactr.on price includirvJ tranSxt1￿ costs and are subsequentty carr￿d al amortised ￿$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 r￿eNable Within one year are not amortised. Other financial assets, induding trade investments, are inrtially measured al fair value, wh￿h is normally the transaction PTKe. Suth assets are subsequenty carried al fair value and the changes in the fair va￿e are recogni$8d on net income l (expenditure), except for investments in equity instruments that are r￿t Publ￿ traded and whose fair values cannot be reliably rr*asured are recognised at cosl18ss iThyairrn8nL Basic financi￿ liabilib"es. including creditors are inkn.alty fecognised al transaction price unless th8 arrangement constitutes a financiThJ transaction. where the debt instrument is measured at the present value of the future payments discounted at a markel fate of inte￿$t Finanual liabilities Glassified a5 payable wthin Jtar are not anmytised. Debt instruments are subsequefity carried at anwlised cost, using the effecbve Inte￿$t rate method. Pa3e 9 THE LITTLE ORCHARD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS F¢)R THE YEAR ENDED 31 DECEIABER 2023 Ac¢ountlng pollcl¢8 (contlnued) 2.9 Fund accountlng General fvnds ale unrestricted funds which are availalqe for use at thg dis￿8110n of the Trustees in furtherance of ihe general obpctsves of the Charity arKI whFch have not been designated for other purposes. Investment incW￿. gains and h)sses are alIc￿ated to the appropriate fund. Incom• from donation8 and l•gxles Unr¢8trlctsd funds 2023 Total funds 2023 Total fvnds 2022 Donations 6.420 6A20 Investmenl Income Unrestrkted fmds 2023 Total funds 2023 Total funds 2022 Income from invesbnents 40,105 40,10S 65,635 Investment management CO81$ 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 F￿ndation 10.000 30,C4)0 10.000 30.000 Grants were made to Gloucestwshire C￿nr￿nitY 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 15￿94 35.045 Total 2022 5.045 35,045 Independ•nl exJmln•rf$ r•mun•ration The independent examine¢s remuneration amounts to an IThJepe￿Ient 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 t￿e￿￿12022- £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 Finan￿31 assets measured at far value through income and expenditure 76,985 191,363 14. Stat•ment of funds statement of funds - currént y•ar Bala￿e 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 Inveslrr￿nts 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 state￿rt 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 Inc￿8$e/l￿e¢￿ase) ffi credrtors 60,633 (40,106) 23.560 1876) 114,286 {55,635) 150,197 3,780 Net cash used In 0￿￿tIng 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 d￿atiOnS of £6.42012022- £nill wefe receNed from the Trustees. Page 15