Charity registration number 1171968 MISSENDEN WALLED GARDEN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY2024
MISSENDEN WALLED GARDEN LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr F Harrison Ms G Foley Mr J Bateson Mr N Craggs Ms D Honey Charity number 1171968 Principal address Missenden Walled Garden Missenden Abbey London Road Great Missenden Bucks HP16 OBD Independent examiner Rouse Partners LLP 55 Station Road Beaconsfield Buckinghamshire United Kingdom HP9 1QL
MISSENDEN WALLED GARDEN CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 10-21
MISSENDEN WALLED GARDEN TRUSTEES. REPORT FOR THE YEAR ENDED 31 MA Y 2024 The Trustees present their annual report and financial statements for the year ended 31 May 2024. The financial statements have been prepared in accordance with the accounting policies set out in nole 1 to the financial statements and comply with the CIO'S governing document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 20191. Objectives and activities The vision of the Trustees is that the CIO will be a class-leading provider of social therapeutic horticulture ('STH'), providing meaningful activities. independence and social engagement for its members which, in turn, provide benefits of social wellbeing and inclusion within the community. The objects of the CIO are.. To relieve the needs of disabled people or those with long term illnesses by the provision of horticultural based care with a view to providing training, activities and other opportunities to develop themselves and faGililate better inclusion within the community. 2. To promote. for the benefit of the inhabitants of Buckinghamshire and the surrounding area, the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement. financial hardship. or social and economiG circumstances or for the public at large in the interest of social welfare and with the object of improving the condition of life of the said inhabitants. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the CIO should undertake. Significant activities MWG has successfully completed 7 years as an independent charity and is continuing to grow and thrive. The charity provides social therapeutic horticultural day support, within the grounds of Missenden Abbey in Buckinghamshire, supporting adults with aulism and learning disabilities lour 'members'l. Our leam of staff and volunteers help our members to grow and reach their potential at their own pace, through teamwork, education. training and community engagement. MWG leases the premises, at a peppercorn rent, from Buckinghamshire New University I'BNU,), which owns Missenden Abbey. Being on this site enhances the member experience, and the Trustees regard it as a great location for the charily to be based. The lease has just been renewed for 5 years, until 16 July 2029, which will enable MWG to benefit from significant funding to replace the greenhouse. As well as providing STH activities on site, we also take small groups of members into the community to help deliver external gardening contracts. These include contracts to maintain the Missenden Abbey grounds, the BNU site in High Wycombe and gardens at some Abbeyfield homes. These community based horticultural activities offer an important and valuable member experience as they provide meaningful teamwork opportunities, enabling our members to feel included, grow their independence and develop new practical skills. Over the last 3 years we have been developing plans and raising funds to upgrade the walled garden site (parts of which are Grade11 listed). Operating wilhin the constraints of a relatively short lease, we continue to focus our plans on shorter-term and flexible projects whiGh deliver portable assets. We are very grateful that the following organisations have been able to support us.. Working in partnership with our landlord BNU, we will benefit from a grant from HS2's Community Environment Fund to replace one of our greenhouses. Reconfigured our office space and a built a new member reception room (thanks to the funding of Pete Gibbs and his Gompanyl, all of which was fumished thanks to a generous donation of surplus furnishings from Lexmark UK.
MISSENDEN WALLED GARDEN TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 We have been actively fundraising to reach our £60.000 target to build a community kitchen. This involves using the produce the members help to grow, to prepare healthy and nutritional meals, thereby supporting health and wellbeing, while developing social interaction and essential independent living skills. We anticipate reaching this target by Autumn 2024, with a build Completion date of January 2025. Supporters to date include: The Clare Foundation 'Angels Den,. King Cullimore Trust. ALIGN JV (HS2 Contractor), Shanly Foundation. Buckinghamshire Council's Missendens Community Board, Stockwell Cliffe, Mobbs Memorial Trust, and others. We also received a grant from the King Cullimore trust which will allow us to repla all of our petrol horticultural tools with electric ones, in Summer 2024. These tools are easier for our members to use, as they are lighter and quieter. along with the added benefit of saving money on fuel and reducing our carbon footprint. Various grants from.. Chiltem Friends of Endeavour and Great Missenden Parish Council to enhance our member experience, equipment and learning environments. Public benefit In setting our objectives and planning our activities. we have given careful consideration to the Charity Commission's general guidance on public benefit. Missenden Walled Garden's charitable purposes and public benefit will be for both members and the wider community. We provide people with opportunilies to grow in confidence and develop independence,. together with the aim of 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. Benefit for members The STH day care seNice offered to members at MWG provides adults with autism and learning disabilities, from across Buckinghamshire, with opportunities to.. Develop life-skills such as making new friendships, participating in teamwork, and building relationships. Gain new skills and training in different aspeds of horticulture. Experience the happiness and enjoyment of purposeful and productive outdoor teamwork. Become more confident and independent through inclusion and interaction with volunteers, visitors, customers and the wider community. Engage in enriGhment activities including.. sport, art and music, trips out and social gatherings. The charity also operates a bursary scheme to help beneficiaries who need support with fees. Wider community benefits Missenden Walled Garden offers significant public benefit and beneficial impact to the wider community through.. Opportunities to volunteer by supporting the care services., by involvement in the development of the overall site., or by supporting the charity through its retail and fundraising activities. Additional opportunities for the public lo experience the grade 11 listed Walled Garden and to benefit from retail sales of the garden produce, products and flowers. Opening of the Walled Garden to other local groups and organisations, such as educational, disability and ommunity groups, who are interested in using the gardens for inclusion, environmental projects, education, therapy, or physical exercise.
MISSENDEN WALLED GARDEN TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Achievements and performance OveThiew The Board of Trustees can report that MWG has had a sucSsful year from both financial and service delivery perspectives. Income from members increased by 24 % to £315.521 12023 £254,641 }. Total income increased by 150/0 to £454,39312023 = £395,622) and overall we made a surplus of £54,58212023 £61,925). Achievements Beneficiaries and service develo ment Throughout the year ended 31 May 2024 we have invested in staff and Servi development which has enabled us to increase the number of members able to benefit from our service. This includes provision of'one to one, sessions which allow adults with a higher level of need to participate. During the year we delivered 4,989 day sessions for our members, including 366 one to one sessions12023 = 4,389 day sessions, including 237 one to one sessions). We have continued to develop our outcomes tracking tool called 'The Missenden Walled Garden Goal Planning Tool, which is actively enhancing our service by enabling our members to set meaningful goals and track progress against them. Our service has also continued to benefit from a retail flower stall, along with seasonal produce sales, including flower arrangements and the production of our own apple juice and honey. We have also provided additional enhancement training including STH training from industry experts Thrive, along with bushcraft training for staff to deliver sessions to members - this unlocked new skills and experiences through varied nature-based interventions. We have used a supported internship scheme with Feedback Global and funded through The Rothschild Foundation to progress a member though a paid internship and then to working as a paid member of slaff. We are grateful to have a 3-year grant from the Rothschild Foundation to continue this work to help progress our members. Volunteer su ort Volunteer support has continued to develop at a steady pace and we are maintaining an active pool of 18 volunteers. Some of our volunteers provide a care focus which complements the seNice we provide to members. Other volunteers provide horticultural expertise, bee keeping, carpentry and site maintenance skills. Group volunteering opportunities have included hosting.. a volunteer day for Social Care Senior Commissioners; BNU students as part of our community partnership,. various team days including.. 02, EKFB and Align JV (HS2 Line Contractors), Red Kite Community Housing, and Alfriston Special School. Volunteer support is essential for us to be able to deliver at the level we do, and we are very grateful for all their support. Communi We have continued lo benefit from our well-established community connections. For example.. we supported various environmental preservation groups, such as 'Chiltern Rangers,. with hedge planting- we provided 'Rough Around The Hedges, with our hazel for hedging at a local meadow., we provided Grow Togelher Bucks with sweet pea seedlings for their school growing programme.. and we provided plants and seeds to help Great Missenden School with their bee and bug garden. We also worked with a local filmmaker to produce a funded film about the work of MWG - this involved our members- both behind and in front of the camera. Environment and sustainabili Having adopted an Environment and Sustainability Strategy in the prior year, we initially worked with local expert groups to survey the baseline position. Good progress against the initial goals has now been made, particularly through a dramatic reduction in the use of fossil fuels both in greenhouse heating, and in power tools following the purchase of a suite of electric tools,. the elimination of peat in purchased materials: in the management of waste, and in sharing of best practice for the management of the River Misbourne banks.
MISSENDEN WALLED GARDEN TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Future intentions and goals The charity's key aims and objectives for the coming year are.. To Gontinue with the Charity's Gore focus of providing social therapeutic horticultural activities with the benefits of the natural environment, supporting adults with autism and learning disabilities. To develop the service further, demonstrating measurable improvement to the lives of our members. through meaningful, engaging, rewarding and inclusive experiences. We intend to GonstruGt a substantive, 'Grow it Cook it Eat it, programme, to see our members growing their food, cooking and eating healthy sustainably sourced meals together. This will also promote healthy lifestyles and independent living skills beyond life at the walled garden. Following a parent carer consultation, we are continuing to host and facilitate conversations with the objective of enabling a group of members to Sour supported accommodation together. The provision of such long-term accommodation is recognised as being of critical importance to our members and their parents. Improve facilities and site infrastructure as far as reasonable. within the confines of our lease. This includes.. Replacing and upgrading our original Glubhouse to increase the scale and scope of the services we provide to our members Developing the wider site to improve the sustainability of our operations and to enhance the diversity of habitats therein To maintain and strengthen our community partner arrangement with BNU, Missenden Abbey, and other local partners, maximizing the mutual benefits and increasing our collective value with the community. To continue sharing and celebrating our growing reputation and '5 star excellent assessment rating with Council commissioners and key stskeholders within the field ofAdult Social Care. Financial Review and Risk Management The financial results for the year are set out in the Statement of Financial Activities and our finanGial position at the year-end is set out in the Balance Sheet. The trustees are responsible for ensuring the assels of the company are properly applied in accordance with charity law. Princi al fundin sources The principal funding sources continue to be Fee income from beneficiaries (members)., income from horticultural contracts; fundraising and donations; and income from sale of produce. A breakdown is given in notes 3 to 7 to the accounts. Investment olic and ob-ectives The trustees consider holding cash on deposit as the most appropriate investment for the charity. Reserves olic Notes 19 to 22 to the financial statements show the movement of funds during the year. The trustees have determined that the appropriate level of free reserves should be a minimum of £190,00012023 = £163,500). As at the balance sheet date unrestricted funds amounted to £235,70412023 = £195.9401 and free funds of £195,636 (2023 £157,398) after adjusting for unrestricted fixed assets. The minimum cash balance required by the Charity is Gonsidered lo be at £190,000 which represents six months of expenditure. The charity ended the financial year with a cash balance of £293,413 (2023 = £218,487).
MISSENDEN WALLED GARDEN TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Risk Mana ement The Trustees use a risk management process to ensure they can adequately monitor and control all significant risks. They look at the level of risk the charity is willing to take (risk appetite approach) and use controls and other actions to ensure that residual risk is at an acceptable level. The main risk which the trustees have been monitoring has been considering alternative locations, should the break clause in our lease be enforced in June 2025. Given that the lease has now been renewed until July 2029, we regard this as a low priority. Structure, governance and management The charity is a Charitable Incorporated Organisation constituted under a governing document dated 9 March 2017. The Trustees who served during the year and up to the date of signature of the financial statements were.. Mr F Harrison Ms G Foley Mr J Bateson Mr N Craggs Ms D Honey Recruitment and a ointment of new trustees The work of trustees is undertaken on a voluntary basis without any form of remuneration and consequently recruitment is mainly from the local community, or via volunteer recruitment websites as skills gaps are identified. Prospective new trustees meet with the Board of Trustees and are fully vetted before being appointed. Induction and trainin of new trustees New trustees undergo a period of orientation to brief them on Iheir legal obligations under Gharity and company law- the content of the CIO'S constitution., the Board and staff structures and decision-making process,. the business plan and recent financial perfomiance. The Trustees. report was approved by the Board of Trustees. Mr F Harrison Ms G Foley Date.. 01-Feb-2025
MISSENDEN WALLED GARDEN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MISSENDEN WALLED GARDEN I report to the Trustees on my examination of the financial statements of Missenden Walled Garden (the CIO) for the year ended 31 May 2024. Responsibilities and basis of report As the Trustees of the CIO you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the CIO'S financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(51(b) of the 2011 Act. Independent examiner's statement Since the CIO'S gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their aGcounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with GenerallyAccepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the CIO as required by section 130 of the 2011 Act- or the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {AGcounts and Reports} Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Eotss6 Partn&rs LLP Susan Drummond FCA Rouse Partners LLP 55 Station Road Beaconsfield Buckinghamshire HP9 1QL United Kingdom Dated.. 18-Feb-2025
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MISSENDEN WALLED GARDEN BALANCE SHEET ASAT31 MAY2024 2024 2023 Notes Fixed assets Tangible assets 15 30,068 39,259 Current assets Debtors Cash at bank and in hand 16 51,832 293,413 52,398 218,487 345,245 270,885 Creditors: amounts falling due within one year 17 {43,546) {32,959) Net current assets 301,699 237,926 Total assets less Current liabilities 331,767 277,185 The funds of the CIO Restricted income funds Unrestricted funds - general Unrestricted funds - designated 19 21 20 46,063 235,704 50,000 31,245 195,940 50,000 331,767 277,185 The financial statements were approved by the Trustees on1.-.Fob.-.20.25.. Mr F Harrison Ms G Foley
MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MA Y 2024 Accounting policies Charity information Missenden Walled Garden is a charitable incorporated organisation registered with the Charity Commission. 1.1 Accounting convention The financial statements have been prepared in accordance with the CIO'S governing document, the Charities Act 2011, FRS 102 -The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The CIO is a Public Benefit Entity as defined by FRS 102. The CIO has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities {Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional Gurrency of the CIO. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the CIO has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees ontinue to adopt the going concern basis of aGGounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subjeGt to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the CIO. 1.4 Income InGome is recognised when the CIO is legally entitled to it after any performanGe Gonditions have been met, the amounls can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the CIO has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otheNise if the CIO has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 10-
MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct Gosls attributable to a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those activilies on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is reGognised so as to write off the cost or valuation of assels less their residual values over their useful lives on the following bases= Leasehold improvements Plant and equipment Computers Straight line over 3-5 years Straight line over 3-4 years Straight line over 3 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date. the CIO reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the reGoverable amount of the asset is estimated in order to determine the extent of the impaimient loss lif any}. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The CIO has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '01her Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the CIO'S balance sheet when the CIO becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction Gosts and are subsequently carried at amortised Gost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future reip1S discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 11
MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constilutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised Gost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-Gurrent liabilities. Trade Greditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the CIO'S contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the CIO is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the CIO'S accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and grants Grants receivable 19,650 46,262 750 65,912 750 19,620 53,306 72,926 19,650 47,012 66,662 19,620 53,306 72,926 12-
MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Income from charitable activities Unrestricted funds 2024 Unrestricted funds 2023 Fee income Sale of goods 315,521 254,641 Income from other trading activities Unrestricted Unrestricted funds funds 2024 2023 Other income 70,167 67,026 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 1,729 396 Other income Unrestricted Unrestricted funds funds 2024 2023 Other income 314 633 Expenditure on raising funds Unrestricted Unrestricted funds funds 2024 2023 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 MA Y 2024 Expenditure on charitable activities Provision of Provision of day support day support 2024 2023 Direct costs Staff costs Garden supplies and contract costs Sundry costs Recruitment Training costs 295.421 18.742 9,479 248.188 12.215 10.516 509 5,347 6,092 329,734 276,775 Grant funding of activities (see note 10) 258 1,853 Share of support and governance costs {see note 11> Support Governance 54,817 14,786 44,770 10,083 399,595 333,481 Analysis by fund Unrestricted funds - general Unrestricted funds - designated Restricted funds 367,118 258 32,219 301,505 1,853 30,123 399,595 333,481 10 Grants payable Provision of Provision of day support day support 2024 2023 Grants to individuals 258 1,853 Grants paid are bursaries for unfunded members. 14-
MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 11 Support costs allocated to activities 2024 2023 Depreciation Insurance Maintenance and repair costs IT, telephone, postage and stationery Staff costs Motor expenses Bank charges Provisions for dilapidations Governance costs 16,517 8,176 6,028 7,899 8,463 7,156 578 9,285 6,620 4,746 3,720 7,285 7,649 465 5,000 10,083 14,786 69,603 54,853 Analysed between: Provision of day support 69,603 54,853 2024 2023 Governance costs comprise: Legal and professional Independent examination fees Payroll fees 5,481 4,650 4,655 4,825 3,900 1,358 14,786 10,083 12 Trustees None of the Trustees (or any persons connected with them} received any remuneration or benefits from the CIO during the year. None of the trustees were reimbursed for expenses undertaken on behalf of the Gharily in the year. 13 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 16 11 15-
MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 13 Employees (Continued) Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 270,127 12,463 12,831 232,830 11,580 3,778 295,421 248,188 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows.. 2024 Aggregate compensation 61,813 14 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 15 Tangible fixed assets Leasehold improvements Plant and equipment Computers Total Cost At 1 June 2023 Additions 62,832 7,326 38,154 6,307 107,293 7,326 At 31 May 2024 70,158 38,154 6,307 114,619 Depreciation and impairment At 1 June 2023 Depreciation Gharged in Ihe year 38,896 10,484 24,510 5,280 4,628 753 68,034 16,517 At 31 May 2024 49,380 29,790 5,381 84,551 Carrying amount At 31 May 2024 20,778 8,364 926 30,068 At 31 May 2023 23,936 13,644 1,679 39,259 16-
MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 16 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 34,126 293 17,413 38,357 575 13,466 51,832 52,398 17 Creditors: amounts falling due within one year 2024 2023 Trade Creditors Other creditors Accruals and deferred inGome 10,064 12,249 21,233 9,962 1,549 21,448 43,546 32,959 18 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined Gontribution schemes 12,831 3,778 The CIO operates a defined Gontribution pension Scheme for all qualifying employees. The assets of the scheme are held separately from those of the CIO in an independently administered fund. 17-
MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 19 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 June 2023 Incoming resources Resources expended Transfers At 31 May 2024 Purchase of the woodchipper Garden machinery for contracts Weelchair access VW Transporter five seater- rental and costs Covid related Community development Honda Mower STH Goal Planning tool 'Living Tree, art class Community kitchen project Construction of outdoor furniture Coach trip Opening Weekend MiGro Grant - Art workshop Tools and equipment Summer Party Walkie talkies Seating Members Xmas Meal Boat Trip Printer Easter Eggs Furniture Mower repair Christmas Meal Contribution to salary - Rothschild Funding for intemship and work experience 54 4,737 308 155 412 2,550 30 11,750 (4,748) {308) {164) {412) (1,715) 11 835 30 39,750 28,000 638 600 {632) {605) 300 13,500 300 323 228 1,177 515 540 261 750 208 160 (2351 (8,1881 {3001 {3231 {2281 (1,177) {515) {540) {261) (750) {208) {160) 65 5,312 (10,000) 10,000 750 (7501 21,245 47,012 (32,2191 10,025 46,063 18-
MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 19 Restricted funds (Continued) Previous year: At 1 June 2022 Incoming resources Resources expended Transfers At 31 May 2023 10,000 10,000 Construction of the chalet Purchase of the woodchipper Garden machinery for GontraGts Weelchair access Electronic office, public address systems and refrigeration VW Transporter five seater- rental and costs Ride on mower COVID related Community development Honda Mower Flower stall Irepurposedl Health and safety equipment STH operational staff training To create and implement a bespoke STH goal planning tool for all members 'Living tree, art class for members Christmas party for members and volunteers Boat trip for members Purchase and installation of building for charity to engage in STH and biodiversity activities Purchase and installation of polytunnel for charity to engage in STH activities Composting and beehive equipment Contribution towards a clubhouse to create a new community kitchen project for members Construction of outdoor furniture for members Staff and member STH equipment Coach trip members Funding for apprentlGes 1,801 (1,801) 1,684 (1,630) 26 {26) 9,730 208 1,005 1,223 905 (4,993) (2081 (6971 (2,7161 {4931 {491 4,737 308 155 412 1,648 49 51 128 {51) 547 {675) 5,000 (2,450) 2.550 250 {220) 30 800 570 {800) {570) 10,000 (10,000) 14,000 {14,000) 629 {921) 292 11,750 11,750 1,400 {762) 638 492 600 10,620 {492) 600 (10,620) 21,542 53,306 (30,123) {13,480) 31,245 19-
MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 20 Unrestricted funds - designated These are unrestricted funds which are material to the CIO'S activities. At 1 June 2023 Resources expended Transfers At 31 May 2024 50,000 {258) 258 50,000 Previous year: At 1 June 2022 Resources expended Transfers At 31 May 2023 50,000 (1,853) 1,853 50,000 21 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and granlors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 June 2023 Incoming resources Resources expended Transfers At 31 May 2024 General funds 195,940 407,381 (367,334) (283) 235,704 Previous year: At 1 June 2022 Incoming resources Resources expended Transfers At 31 May 2023 General funds 143,718 342,316 (301,721) 11,627 195,940 22 Analysis of net assets between funds Unrestricted unstrICted funds funds general designated 2024 2024 Restricted funds Total 2024 2024 Fund balances at 31 May 2024 are represented by: Tangible assets Current assetsl{liabilities) 30,068 205,636 30,068 301,699 50,000 46,063 235,704 50,000 46,063 331,767 -20-
MISSENDEN WALLED GARDEN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 22 Analysis of net assets between funds (Continued) Unreslricted Unrestricted funds funds general designated 2023 2023 Restricted funds Total 2023 2023 Fund balances at 31 May 2023 are represented by: Tangible assets Current assetsl(liabilities) 38,542 157,398 717 30,528 39,259 237.926 50.000 195,940 50,000 31,245 277.185 23 Related party transactions During the year the CIO entered into the following transactions with related parties- Amounts of £415 {2023'. £190) were reived, in respect of gardening services and retail sales, from Great Missenden Village Association. which Gillian Foley is a Treasurer of. There was also a payment of £10 made by the charity to Great Missenden Willage Association for Membership fees12023'. £101. Payment of £4,025 in respect of website development work was made to Work-Form. Mr John Bateson's son-in-law is a partner of Work-Form. 21