Cha￿ty reglstratlon number 1171968 MISSENDEN WALLED GARDEN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 MISSENDEN WALLED GARDEN LEGAL AND ADMINISTRATIVE INFORMATION Trustoès Mr F Harrison Ms G Foley Mr J Baleson Mr N Craggs Ms D Honey Charity number 1171%8 Prlnclpal oddre88 Missenden Walled Garden Missen(Jen Abbey London Rtsad Greal Missenden Bucks HP160BD Ind•p•nd•nt ¢xomln•r Rou$& Parln&rs LLP 55 Station Road Beaconsfield Buckinghamshire HP9 IQL MISSENDEN WALLED GARDEN CONTENTS Page Tnjstees. feport Independent examiners report Statement of financjal activities Balance sheet Notes lo the fin8n¢ial stslemenls 10-21 MISSENDEN WALLED GARDEN TRUSTEES, REPORT FOR THE YEAR ENDED 31 MAY2023 The Trustees present their annual report and financial ststements for the year ended 31 May 2023. The financial statements have been prepared in accordanc£ with the accountsng poliaes set out in note 1 to the financial staternents and compty with Ihe CIO'S goveming document. the Charits'es Act 2011 and 'Accounting and Reporting by Charities.. Staternent of Recommended PraGtice applicable to charities preparing theii accounts in accordance with the Finan￿81 Reporting Standard appltsble in the UK and Republic of Iieland IFRS 1021" leffective 1 January 20191. Oblectlves and actlvltles The vision of the Trustees is that the CIO will bg a dass4èading provmler of SO￿81 therapeuti¢ horticulu￿ I'STH'I, providing meaningful activits'es, independence and social engagernent for its members which, in tuin, provi¢Je benefits of social wellbeing and Inclusion wthin Ihe community. The objects of the CIO are.. To relieve the needs of disabled people or Ihose wrth long lem) illnesses by the provision of horticultural based care with a view lo providing training. activrties and other opportunities to develop themselves and facilitate better inclusion wthin the cJ)mmunity. To promote. foT the benefrt of the inhabrtants of Buckingham5hiTe and ihe Surrounding area. the provision of facilities for recreation or other leisure time orxupation of individuals who have need of such facilities by r&ason of their youth, a9è, infirmrty or disabl&meni, finan081 hardship, or social and è¢onomi¢ circumstances or for the publ￿ al lar9è in thè interest ol social wellare and with the object ol improving the cOndit￿n of life of the said inhabitants. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what aclivities the CIO should undertake. Sl9nlflcont •¢llvltle$ Missenden Walled Garden has successfulty completed 8 years as an independent charity and is continuing to grow and thrive. The charity provides social Iherapeulic horticultural day support. within Ihe grounds of Missenden Abbey in Buckingharnshire. for adutts %•rith disabilibes or menlal heallh issues lour 'mernbers'l. Our team of staff and volunteers help our mernbers lo grow and reach their potential 81 their Own pa¢e. through teamwork, educ&lion, and communty engagomènt. Missenden Walled Garden leases Ihe premises, at a peppercom rent, from Buckinghamshire New University 1'8NU'I, which owns Missenden Abbey. The lease was renewed for S years, until May 2027, with a break clause after 3 years. Being on this srte enhances the member experience. and Ihe Truslees ￿gard rt as a great location for the charity lo be based, and we are locused on securing longer tenure at the next renewal. As well as providing STH activities on site. we also take small group5 of members into the community lo help deliver external gardening contr8c15. These indude contracts lo mainlain the Missenden Abbey grounds. the BNU site in High Wcombe and gardens at some Abbeyfield homes. These communty based horticumural actNrties tsffer an important and valuable member experience as they provide meaninglul teamwork opportunities, enabling members to feel induiled, grow their independence and develop new prath.cal skills. Over the last 2 years we have been developing plans and raising funds (o upgrade the walled garden site Iparts of which are Grade11 listed), induding replacing Ihe 3 wooden-framed. glass greenhouses, which were coming to the end of their life. Operating within the conslraints ol a relativety short lease. we are now focu5sing our plans on shorter-lerrn and flexible projects whth delNei w)rt8ble assets. We are very gratelul Ih8t the following organisations have been able to support us." We received fijnding from Heart of Bucks to build a new'Green Room. dubhouse which provides shèlter to enable members to carry oul actNrties and explore biodiversity our local community. Although the wooden greenhouses were removed in January 2023, we were fortunate (o re￿1ve fijnding from HS21Align and the King Cullimore Charilable Trusl. to install a lemporary potytunnel to enable us to continue to grow produce and plants. This was sourc2d from. and installed at short notice by Northem Polytunnels. MISSENDEN WALLED GARDEN TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 MAY2023 Various grants Irom." Coop Local Communities, Missenden's Communrty Board, Chiltern Friends of Endeavour and Amersham aThJ Chesham Mencap to enhance our tools, equipment and learning environrnents. We undertook a carbon audrt and reduction plan through Bucks Business First. We successfully partnered wrth Public Heallh Buckinghamshire to pilol and deliver a. 'Grow it Cook it Eat it, project for our rnembers. This invofves using Ihe produce the members help to grow. lo prepare he8lhy and nutrrtional mea15. thereby supporting health and wellbèing. while develtsping social interaction and essential independent living skills. Publlc beneflt In setting our objectives and planning our adivities, we have given ¢arèful Consideration to the Charity Commission's 9eneral guidance on publ￿ benefit. Missenden Walled Garden's charitable purposes and public benefit will be lor both members and Ihe wider community. We provide people with opportunities to grow in confidence and develop Independen￿.. together with the aim ol promoting wider community involvement and integration. We achieve this by providing care and support to all members and visitors. making full use of the unique setting. and our staff and volunteers. Bèn•nt lor M*m￿r$ The STH day care service offe￿d to w*mbers at Missenden Walled Garden provides adutts with disabilrties, from across Buckingharnshire. with opportunities to.. Develop lrfe•skills su¢h as making new friendship8. Partirypating in teamwork. and building ￿latIOnShIPS. Gain new skills and Irainino in differtrnl 8spe¢ts of horticulture. Experience the happiness and enjoyment of purposeftjl and produdive outdoor leamwtsrk. Be¢om¥ MO￿ Confident and independenl Ihrough inthsion and inl&r¥¢ts'on with volunteers, visitors, customers and the widèr Community. Engage in enrlchment activities including". sport, art and muslc. trlps out and sodal gatherings. The chanty also operates a bursary scheme to help benefficiaries wfv) need support wth fees. Wlder communlty benellts Missenden Walled Garden offef$ *'gnifi¢anl publi¢ b¢nefil and ben&fioal impact lo th¥ wider Community through.. Opportunrties to volunletrr by suppth.ng the care serwces", by involvement in th& development ol th& overall site,. or by suppothng the chanty through ils retail and fundraising acbvi116s. Additional opportunities for the public to experience the grade 11 listed Walled Garden and to benef5t from retail sales ol the garden produce, products and flowers. Opening of the Walled Garden to other kjcal groups and organisations. such as educational, disability and mmunty groups, who are inleresled in using the gardens for indusion. environmental project5. eduration. Iher8py. or physical exercise. Aehi•vom•nts and pèrfomi#ne• Overview The Board of Trustees can report that Missenden Walled Garden has had a successful year from both financial and Servi￿ delivery perspectives. Income from members increased by 33% to £254,641 12022.. £191,393). Total incorne increased by 24°k (0 £395.62212022.' £318.1001 and overall we made a surplus of £61,92512022.' £34,611). MISSENDEN WALLED GARDEN TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 MAY2023 Achl•vom•nts Beneficiaries and servic8 dev810 ment Throughout the year ended 31 May 2023 we have invested in staff and 5eNce development which h85 enabled us to increase the number of members able to benefit from oui semce. This includes provision ol'one to one. sessions which allow adults wth a higher level ol need to partiapate. During the year we ¢Jelivered 4,389 day sessions for our members. including 237 one lo one sessions12022- 3673 day sessions. induding 33 one to one sessions). In November 2022 we were delighted to be assessed and rated'S stsr Excellent, by PAMMS ￿gIOnal local authority sorial care quality monitoring framework. We have also been developing an outcomes tracking package called the 'Missenden Walled Garden Goal Planning Tool. whith will enhance our Service by enabling mernbers to set goals and Ir8ck progress against them. Our sèrvic6 has also ctsntinuèd to bènèfrt from a rètail fiower stall, along with $&a$onal produce sal¥$, Induding flower arrangements and the produ¢tion ol our own apple jui¢e ana honey. Volunteer su ort Volunteer support has conbnued to develop at a steady pace and we are maintaining an active pool of 23 volunteers. Some of our volunteers provide a care locus which complements the service we provide to members. Other volunteers provide horticultural expertise, bee keeping. Ca￿entry and sile rnaintenance skills. Group volunteering continues to be 8 mode5tty successful Ventu￿ for u5 this year. and we have worked in partnership with 8 range 01 5UPPQrters. indudin9 providing days for s¢hool sludents lo progress thtrir Nation81 Citizenship Awards and hosting Adum Social Caie Commissioning Teams Volunl¥6r support is &ss¥ntial lor us lo be able lo d¢liv$r al lh* lev¥1 we do, ona w& are very grateful for all Ihelr support. mm We have continued lo benefrt from our well*slablished communty conneclh)ns. Examples indude various local businesses and communty groups donating equipmenl. holding charity boxes and fvndraising for us. We have also hosted a Bee Friendly Garden Schoo15 competition. and Practical Gardening courses in partnership with Buckinghamshire Adutt Le8ming. Futur• intention$ and g¢•l$ The charity's key airns and objeclives for the coming year are.. To continue with Ihe Charty's core focus of providing social Iherapeutic horticultural activities wrth the benefits of the nalural environment for people with leaming disabilrties and mental health problems. To develop the service lurther, demonStra￿n9 measurable improvement to thè lives of our members, through meaningful, èngaging, rewarding and indusive experiences. We aspire to construct a substantive, 'Grow it Cook it Eat rt. programme, to see our members growng their food, cooking and eating heaKhy sustainabty sourced meals together. This wll also promote hearthy lifestyles and independent living skills beyond lrfe at the Walled Garden. Following a parent carer consumation. we also intend to facilrtate conversalions wrth the objective of enabling a group of members lo source supported accommodation logether. The provision of such long- term accommodatloll 15 recognized a5 being of crib.ral importance to our meTnbers 8nd their parents. Develop a contingency plan for the conbnued delivery of our chantable purpose, in the unlikely event that our landlord exerases the break clause on our lease. Improve facili￿.eS and site infrastructure as far as ￿aSOnable. wiihin the ujnfines of our lease. This includes.. Replaring and upgrading our original dubhouse to increase Ihe scale and scope of the services we provide to our mernbers Developing the wder srte to imptove the sustsinatm.lity of our operations and tts enhance thè dwersity of habitats the￿in MISSENDEN WALLED GARDEN TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 MAY2023 To maintain and strengthen our community partnec arrangement wtth 8NU, Missenden Abbey, and other local partners, maximyzing the mulual benefits and increasing our colleC￿'ve value wrth the community. To continue sharing and celebrating our growing repulakn'on for excellence with Council comrnissioners and key stskeholders Wlthin the fiehy of Aduh Social Care. Flnanclal revlew and risk rnanagement The finanaal results for the year are sel out in the Statement of Financial Activities and our financial position at the year-end is set out in the Balance Sheet. The trustees are responsible for ensuring the a55ets of the cornpany are properfy applied in accordance with charrty law. Ros•rv•s polley Notes 19 to 21 to the financial statement5 show the movernent of fvnds during the year. The Iruslees have deterrnined that the appropriate level of Iree reserves Should be a minimum of £163.500. As 8t the b818nce sheet dale unreslricled fijnds amounted lo £195,940 12022".£143.7181 and Itee fund$ of £157,39812022.. £143,077) after adjusting for unrestricted fixed assets. The minimum cash balance required by the Charity Is considered to be at least £183,500 which rep￿SentS six months of expendrture. The charity ended Ihe financial year wtth a cash balance of £218,48712022'. £180,288). Principal funding sources The principal funding sources continue to be Fe& Incomè from bèneficiaries Imembersl,. income from h0￿Cultural contracts,. fundraising and donations., and income from sale of produce. A breakdovm is given in notes 3 to 7 to the accounts. Investment policy and objectiv•s The trustees consider holding cash on Ileposit as th& most appropriate investment lor the charity. Rlsk Management The Trustees use a risk managemènt pro¢e$$ to ensu￿ they ¢an adequalety monrtor and ¢ontrol 811 $lgnlfic8nt rlsks. They look at the level of risk the charty is wlling to take (risk appetite approach) and use controls and other actions lo ensure that residual risk is al an acceptable level. The main risk which the Irustees are current monitoring is to consider atternative locations. should Ihe break clause in our lease be enforced in June 2025. which in the light of our strong and growing partnership with BNU and Missenden Abbey we regard as a low probability. albert one with high potential impact. Stru¢tur•. gov•man¢• ond manag•m•nt The charity is a Charitable Incorporated Organisation constituied under a goveming document dated 9 March 2017. The Trustees who servtsd during the year 8nd up to the dale Of $*3nature of the finanu81 slalemenls were.. Mr F Harrison Ms G Foley Mr J Bateson Mr N Craggs Ms D Honey Ms L Re Tumer (Resigned 4 May 20231 Recruitment and appointment oltruslees The work of trustees is undertaken on a voluntary basis without any fom of remuneration and consequent recruitment is mainly from the local communty, or via volunteer recrurtment websrtes as skills gaps are identified. Prospectwe new trustees meet with the Board of Trustees and a￿ ful￿ vetted befo￿ being appointed. Org8nis8Donal structure New trustees undergo a period of orientatbjn to brief them on their legal obligations under charity and company law", the content of the CIO'S constrtui•)n', the Board and staff structsbres and decjsion-making pro￿$S,. the business plan and recent finanrial perfOrrnan￿. MISSENDEN WALLED GARDEN TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 MAY2023 The Tru$tee$' report W8s approved by the Board of Tw$te8s. CLJ.-. Mr F Harrison Ms G Foley Date.. 251112024 MISSENDEN WALLED GARDEN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MISSENDEN WALLED GARDEN l ￿port to the Trustees on my examination ofthe finanoal State￿nts of Missenden Walled Garden (the CIO) for the year ended 31 May 2023. Responsibilities and basis of report As the Tmstees ol the CIO you are responsible fof the preparation of the finanaal statements in accordance the requirements of the Charities Act 2011 Ithe 2011 Acti. I report in respect ol my eXaminal￿n of the CIO'S finanryal statements ca￿Ted out under section 145 01 the 2011 Act. In carrying out my examination I have followed all the applicable Directions gNen by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlnels statement Since the Clo's gr05s income exceeded £250,CQ) your examiner must be a member of 8 bo(ly listed in Section 145 of the 2011 Act. I confirm that l am qualthed to undertake the ex8min81ion because l am 8 member tsf ACCA, which is one ol the listed bodies. Your attention is drawn to the fact that the charity has prepared finanaal slalements in accordance with Accounting and Reporting by Charities preparing their accounls in accordance wilh the Finanaal Reporting Standard applicable in the UK and Republic of I￿land IFRS 1021 in preference to the Ac£ounbng and Reporting by Charrties.. Statement of Recommended Practice issued on 1 April 2005 which is relerred to in the extant regulations but has now been Ihdr3wn. l und•rst8nd that this has bèen done in order lor finanoal $lat•ments to provide a true and fair viw In 8¢cordance wrth GeneraltyAccepted Accounthng Prath'￿ effeclwe for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confim that no matters have come to my attentMJn in connects'on with the examination giving me cause to believe thal in any malerial respect.. accounting records were nol kept in respect of the CIO as required by sectlon 130 of the 2011 A¢t,' or the financial ststements do not accord wilh Ihose records.. or the finanaal statements do not compty with the applicable requ1￿mentS conceming the fomi and content of accounts set oul in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and lair view which is nol a matter COn￿dered as part of an independent examination. I h8ve no and have come across no other matters in ￿nneCtIon wilh the examination to which allenlion sho be drawn in this report in order to enable a proper understanding of the finan¢i81 statemtrnts to be iea¢hed. Malld Sadeghl ACCA Rouse Partners LLP 55 Station Road Beaconsfield Buckingharn5hire HP9 1QL Dated.. 2511r2024 MISSENDEN WALLED GARDEN STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MA Y 2023 Tow Unwid¢iodLlnresirf¢t•d Re*tr*t•d fvnd4 fundi gonwal dMlqnat4d 2022 2122 Tot•1 ndl lund• n¢ 2023 2Q2J 202J 20 2022 2022 Incom• and 4ndowrn•nt• Irom.. DonalionB and legaGies char1t8b￿ Scllwbes Other tr801no actlvlll88 Invoslnxn Oiher Inco ID.820 254.041 67.026 72.926 254.011 67.026 25,145 191.393 57.491 457 43.391 e8.53e 57.491 457 223 833 833 Total In¢om• 312.316 395.822 274.7(Y4 4),391 318.100 EXpAndI￿r9 C￿.. RaiBlng lunds char1t8b￿ sctlwb•ts 216 J01.$05 216 353.401 216 230.221 21e 283.273 1.853 30.123 2,300 50,748 Totsl expendllur¢ 301.721 1.853 30.123 333.897 230.437 2,308 50.748 283.489 Not Incomvii•xpendhuw• {1.853) 2J.183 81.925 41.272 12,3001 17,3551 34,611 Transtsrn betwe•n fund• 11.827 1.853 127,3C¢I 27,￿& Not mov•rnent In lun 9.703 81.925 18 25,000 17.3551 34,611 MISSENDEN WALLED GARDEN STATEMENT OF FINANCIAL ACTIVITIES ICONTINUEDI INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MA Y 2023 Tow Unm•tsi¢i8dUnresirf¢t•d R•$trkt•d fvndl fundi Total nd* funth 2023 2Q2J 202J 20ZJ 2022 22 2022 io R•conclllatlon olfunds.. Fund balanc4sal 1 June 2022 143.718 21.542 215.280 128,752 25,QOO Z8,897 180.649 Fund b•l•nc•• •t 31 Pl•y 2023 195.940 31.24$ 277.185 143.711 s0,L¥)o 21,542 215.280 fin8n¢￿1 8ebYh* in￿￿￿•6 èl Al ir*om X*vIl￿￿. MISSENDEN WALLED GARDEN BALANCE SHEET AS AT31 MAY2023 2023 2022 Notes Flxed assets Tangible assets 15 39.259 6,265 Currnnt assèts Debtors Cash at bank and in hand 16 52.398 218.487 49.604 180.288 270.885 229.892 Cr•dltors'. amounts lalllng du¢ vAthln one year 17 32.959 20,897 Net current assets 237.928 208,995 Total a88et8 le88 curr•nt IlabllSlle8 277.185 215,260 Thè funds of th• CIO Restricted income fvnds Unrestricted funds- general Unrestricted funds- designated 19 31,245 195.940 50,000 21,542 143.718 50,000 20 277,185 215,260 The financial stslemenls were approved by the Tru$lee$ on 251112024. C. LJ.- Mr F Harrison Tru¥tge Ms G Foley Trujtee MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY2023 Aecountlng pollel•s Charfty Snforniatlon Missenden Vvalled Gafden is a chantable incoryjorated organisat￿n ￿lstered the Charrty Commission. 1.1 Aecountlng conventlon The financial 5tstement5 have been prepared in accoTdance with thè CIO'S goveming docurnent, the Charities Ad 2011, FRS 102 'The Finanaal RÈporb"ng Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Chants"es SORP "Accounting and Reporting by Charrties. Statement ol Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021" leffeclive 1 January 20191. The CIO is a Public Benefit Entity as defined by FRS 102. The CIO has tsken 8dvants9e of thtr provision$ in Ihe SORP for ¢h81itie$ not lo prtrp8￿ a Slalemtrnl of Cash Flows. The financial statements have departed from Ihe Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a tnje and fair Y￿W. This departure has involved following the Statement of Recommended Practice lor charibes apptying FRS 102 rather Ihan the version of the Ststement of Recommended Practice which 15 relerred to in the Regula¢H)ns but which has since been withdrawn. The financial statements are p￿pa￿ in $t*rfing, vthi¢h 1$ the lun¢tiMal cuttenw of lh& CIO. Mon*tsry amounts in these financial staten￿ntS arè rounded lo th• nèar*$t £. The financAal statements have been prepa￿d under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng con¢•m At the time of approving the financial slalements. the Trustees have a reasonable expectation that the CIO has adequate resources to continue in operabonal existen￿ lor the loreseeable fijture. Thus the Trustees continue to adopt the going concem basis of accounling in preparing the financial staternents. 1.3 Charftabl• fund8 Unrèstricted funds ar¢ available lof us& al the dIS￿lI0n of the Tw$l¢¥$ in lurtheran¢o of Ih&ir ¢haritable objectives. Restricted funds are subject lo specffic conditions by donors or grantors as to h¢)w they rnay be used. The PUIPOses and use5 of the restricted lunds are set out in the notes to the fin8nci81 sl8ternenls. Endowment fund5 are subject to specific conditions by donors that Ihe capital must be maintained by the CIO. 1.4 Income Income is recognisèd when the CIO is legaNy entffjed to it after any perfomiance condthons have bèen met, the amounts can be measured reliabty, and rt is probable that income wll be received. Cash don81ions are recognised on le￿ipt. Olher donalions are recognised On￿ Ihe CIO has been notified of the donation, unless perfomance ctsndrtions ￿qUIre defetral of the amount. Income tax recoverable In relab.on to donatsons received under GiftAid or deeds of covenanl is recognised at the b.me of the donation. Legacie5 are recognised on receipt 01 otherw5e rf the CIO has been nottfied of an impending distribLrtion, the amount is known, and receipt is expected. 11 the amount is not known, the legacy is treated as a contingent asset. 10- MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2023 Accounting policies (Continuedl 1.5 Exp•ndltur• Eypenditure is recognised once Ihere is a legal or constructive obligation to Iransfer economic benefit to a third paty. r( is probable that a transfer of e￿nOMiC benefits will be iequired in settlement, and the amount of the obligation can be rneasured reli8bty. Expenditure is dassified by athvty. The costs of each adivrty are made up of the total of direct costs and shared costs. including support costs involved in undertaking each acbvity. Direcl costs attributable to a single activity are allocated directy 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 befvleen those activitie5 on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are alk)raleiJ on the portion of the assel's us&. 1.6 Tanglble Ilxed asJet• Tangible fixed assets are inrtialty measured at cost and subsequenty measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to vnile off th& ¢ost or valuation of assets less their re$ldual value$ over thelr useful lives on the following bases.. Le8$ehold irnprovemenls Plant and equipmenl Computers Straight line over 3-5 years Straight line over 34 years Straight line over 3 y&ars Th& gain orloss arising on the di4)osal of an o$sel is delemiin¢d 0$ the di11&￿nCe befvrfe•n th* sale pro¢&eds and th¥ carrying valu¥ of the assel. ana 1$ recognised in the $lalem&nl of finanoal a¢tivitie$. 1.7 Impalrment of Ilxed as¥els At each reporting end date. the CIO reviews the carrying amounts of its tangible assets to detemine whether there is any indication that those assets have suffered an impairnient loss. If any such indication exists, the recoverable amount of the asset is esbmated in order to determine the e¥tent of the impairmenl loss lil any). 1.8 Cash and cash equlvalents Cash and cash equivalents include ¢8sh in hand. deposit$ held at oll with bank$. other short-teim liquid investments wth original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts are shown within borro¥wngs in ojrrent liabilths. 1.9 Flnanclal Instruments Thè CIO has elected to appty the provisions of Seclion 11 'Basic Financial Instrumènts, and Sèction 12 '0th&i Financial Instruments Issues. of FRS 102 to all of rts financial instruments. Financial instruments are recognised in the CIO'S balance sheet when the CIO becomes party to the contraclual provision5 of the in$truTh*nt. Financial assets and liabilrtie5 are offset, wth the net amounts piesenied in the financial statements, when there is a legalty enforceable right to set off the recognised amunts and there is an intention to settle on 8 net basis or to realise the asset and setue the liability simuhaneousty. Basic financial assets Basic finanaal assets. which indude debtots and cash and bank balances, are initialty MeasU￿d at transaction price Induding transaction costs and a￿ subsequentty carried at amorts.sed cost using the effective interest method unless the arrangemenl constitutes a financing transaction. where the transaction is measured at the present value of Ihe lulure receipts discounted at a market rate of inlerest. FinancAal assets classified as receivable wthin one ye8r are not amort15ed. MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2023 Accounting policies (Continuedl Basle finanelal Ilabilltiès Basic finanrial liabilities. induding credrtors and bank loans are inrtially recognised at transaction price unless the arrangement constrtutes a financing transaction. where the debt instwment is measured at the present V81ue of the future payment5 discounted at a market rate of inlere51. Fin8nryal li8bilities classified 85 Payable wrthin one year are not amortised. Debt instruments are subsequentty carried at amortised cosl, using the effective interest rate method. Trade creditors are obligations to pay lor goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable 8re dassified as current liabilities if payment is due wlhin one year or le$5. If not. they are presented a5 non-current liabilities. Trade creditor5 are recogni$ed inth'ally 81 transactKJn price and subsequentty measure(1 at amortised cost usin9 the effectsve interest method. D•rncognitlon of financlal liabiliti•s Financial liabilities are derecogni5ed when thtr CIO'S rthtraclu81 obligations expirtr or are dis¢h8rged tsr ¢8ncelled. 1.10 Employe• b•n•fit8 The cost of any unused holiday trnlrflemenl is recooni8ed in thtr period in vthi¢h the employee's se￿￿8 arts received. Termination beneffts are recognlsed immediately as an expense when the CIO Is demonstrab￿ commltted to temiinale the employment of an employee or to provide lerminalion beneffts. 1.11 Retlrem•nt benefits Payments to defined contribulK)n retirement benefft schemes ara charged as an expense as they fall due. crttlcal accoUn￿n9 estlmates and judgements In the application of the CIO'S 8ccounting poliryes. the Trustees are ￿qUired to make judgements. eslirnales and 8ssumplions about the carrying arnovnt of a55els and liabilrties thal are not readily 8pp8renl from other sourc8$. Thè estimates and a$sociatÈd assumptions are based on historical ¢xp¢rien¢4 and oth¥r fa¢tor$ that are considered to be rèlevant. Actual resuns may drffer from Ihese estimates. The estimates and undertying assumptions a￿ reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the eslimale is revised where Ihe revision affects only that period. or in the period ol the revision and ftjture peiiod5 where the revision affects bolh current and future peri¢xls. Ineomè from donations and l•gael•8 Unrestrlcted Restrlcted funds fund¥ 2023 2023 Total Unrestrlcted Restrlcted fund8 fund¥ 2022 2022 Total 2023 2022 Donations and grants 19,620 53,3( 72.926 25,145 43.391 68,536 Govemment grants Induded in grants receivable are Govemmenl Grants totslling £Nil12022'. £3,941) as a resuli of the Covid 19 pandernic. 12_ MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2023 Ineom• from eharltable aetlvltl•s Unf•st￿tte￿ funds 2023 Unrèstrletad funds 2022 Fee Income Sale ol services 254,641 191,393 Income from othertradlng actl¥ltle8 Unrnstrfcted Unrnjtrlcted fund• fund8 2023 2022 Earned income from garden services. retail sales and events 67,026 57,491 Income from Inv••tm•nt• Unrnotrtcted Unmtrlcted fund• fund8 2023 2022 Interest receivable 396 457 Other Incom• Unrestrtcted Unrestrlcted funds funds 2023 2022 Other incL)me 633 223 Expendlture on ralslng funds Unrestricted Unrestrlcted funds funds 2023 2022 Fundraising and publicity Seeking donations, grants and legacies 216 216 13- MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2023 Exp•ndltur• on charltsbl• aetlvltl•s ProvS9Son of Provlslon of day support day support 2023 2022 DSrect Costs Stsff costs Garden supplies and contract C￿StS Sundry costs Recruitrnent Training costs 248,188 12.215 10,516 509 S,347 190,872 11.668 13,488 732 6,593 276,775 223,353 Grant funding of activities Isee note 10} 1,853 2,306 Sharo of support ond govem•n¢• ¢Mt• l•tr• not• 111 Support Gov&rnan¢e 44,770 10,083 49,758 7,856 333,481 283,273 Analy818 by fund Unrestricted lunds general Unrestricted funds- designated Re$lri¢l&d fvnds 301,505 1,853 30,123 230,221 2,306 50,746 333,481 283,273 In¢ludei mernbers Funding for apprentices 1,801 {1.8011 {1.6301 26 1261 9.730 {4.993 12081 16971 {2,7161 14931 149 4,737 1.1)05 1,223 308 155 412 49 51 128 1511 547 18751 {2.4501 2,550 2SO 1220) 30 800 570 18001 1570 10.000 110,0001 14.000 114,0001 629 1921) 292 11.750 11,750 1.400 1762) 638 492 600 10.620 14921 600 110.6201 21,542 53.3( 130.123} 113.4801 31,245 18- MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2023 19 Restricted funds (Continuedl Prèvlous yèar= At1 Junè 2021 Ineomlng rnsourees R•soure•s Èxpended Transfèrs At 31 May 2022 Construction of the chalet Purchase of the woodchipper Path construction Furniture and appliances Garden machinery for conlracts Toilet relvrbishmenl Pergola Vvheelthair a¢¢¢ss Electronic office, public address systems and refn'geration Stage VW Transporter five sealer- rgntal and costs Ride on mower Trailer Sunflower seeds 8nd pots COVID related Community d&velopmenl Honda Mower Specified Special Projects Equipment Irepurposedl Flower stall Irepurpos6dl Health and safety equipment Upscaling Exerrise m8ts Training Outcome tools Mower repair 4,204 {2.403) 1,801 282 169 4,509 6,059 12821 11691 {2,82SI {6.0591 1501 176 2.311 1151) 26 12,3111 5.810 {5.0801 15001 9,730 208 11,0001 12001 200 1,701 16961 {1.1001 1493 {3.6721 {1.2001 {2,3101 11.0511 115,0001 13001 {7,2231 1,005 1,223 90S 2.014 1,398 3.672 1.200 2,310 1.000 1S.000 300 7.223 5.000 182 5,000 11821 28.897 43.391 150.7461 21,542 19- MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2023 20 Unr•strSetod funds - d•slgnat•d These are unrestricted fvnds whith are material to ihe CIIYS aciNilies. At 1 June 2022 Resource8 expended Transfer8 At 31 May 2023 {1.B531 1.853 50.000 Previou8 year: At 1 June 2021 Resource8 expended Tran8fer8 At 31 May 2022 25.000 {2.3[￿> 27.306 50,000 21 Unr••trlet•d funds The unrestricted fvnds ol the charity comprise the unexpended balances of donations and grant5 which are not Subject lo specific condition5 by donors and grantors as to how they may be used. These include designated fund8 vthi¢h have been Set a$￿e out ol unrtrstrided lunds by Ihtr ¢ru8ttres for specific purposes. At 1 Jun• 2022 Ineomlng r•8oure•8 Rè8tsurcè$ •xynd•d Tr•n•f•rn At 31 May 2023 G•neral fvn¢Js 143,71 342,316 1301.7211 11,627 195,940 Prevlou$ y¥¥r= At 1 June 2021 Incomlng Ou￿e¥ Re8ource$ expended Trnnsf•r¥ At 31 May 2022 Goneral fund$ 126,752 274,709 1230,4371 127,3061 143,718 22 Anoly$i¥ of 0$8gt$ betwgon fund¥ Unrestrlcted Unrestrlcted funds funds general d￿Ignated 2023 2023 Restrlcted funds Total 2023 2023 Fund balances at 31 May 2023 are represented by: Tangible assets Current assetsllliabilities 38.542 157.398 717 30.528 39,259 237.926 195.940 31.245 277.185 -20- MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2023 22 Analysis of net assets between funds (Continuedl Unréstrletèd Unr•strlet•d funds fund8 general deslgnated 2022 2022 Rèstrtctèd fund8 Total 2022 2022 Fund balances •t 31 Moy 2022 arg rgprgsentsd by: Tangible assets Curr8nt assetsllliabilrti¢sl 5.624 15.918 8,265 208,995 143.077 50.1)00 143.718 50,000 21,542 215,260 23 Related party tran8actlon• During Ihe year the CIO entered into the ftAlowing tr8ns8dions wilh relaled p8rtie8.' Amounts of £19012022." £2951 were I￿Ned. In resped of gardening $etvi¢e$ and relall $ale$, from Great Missenden Village Association. which Gillian Foley is a Treasurer of. There was also a payment of £10 made by the chanty lo Great Missenden Village Associabon for Membership fees12022'. £101. Amoun15 of £3.395 12022.. £3.1091 We￿ received from Abbeyfield. in respect of gardening services provided. which Neil Cr8ggs was 8 trustee of. Neil Craggs Slepped down as a Irusltte in July 2022. Payment of £1¢)0 12022.. £4,033) wa$ made lo Ri¢hard Glen Assoo818$ in r*$p*¢t of 18nd$¢ap¥ planning work. Richard Glen is the partner of Clare Lawson. 21