**REGISTERED COMPANY NUMBER: 10168064 (England and Wales) REGISTERED CHARITY NUMBER: 1178639** Report of the Trustees and Financial Statements for the Year Ended 31 December 2024 for Goscote Greenacres Community Garden (A Company Limited by Guarantee) Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW Goscote Greenacres Community Garden |Contents of the Financial Statements|||| |---|---|---|---| |for the Year Ended 31 December 2024|||| |||Page|| |Reference and Administrative Details||1|| |Report of the Trustees||2|| |Independent Examiner's Report||3|| |Statement of Financial Activities||4|| |Balance Sheet||5|| |Notes to the Financial Statements|6|to|10| |Detailed Statement of Financial Activities||11|| Goscote Greenacres Community Garden Reference and Administrative Details for the Year Ended 31 December 2024 **TRUSTEES** Mrs L J Holloway Mrs A N Tolley (resigned 26.1.25) Mrs M E Whiting M Bracey (resigned 22.10.24) Mr N Imber (resigned 22.10.24) Mr S Pritchard (resigned 22.10.24) Mr R Dolan (appointed 28.5.24) Mr C Carrington (appointed 28.5.24) Mr M J Morton (appointed 26.1.25) Ms D Adams (appointed 26.1.25) Mr D S Frost (appointed 26.1.25) **COMPANY SECRETARY** Mr P B Mason **REGISTERED OFFICE** Goscote Greenacres Community Garden Goscote Lane Walsall West Midlands WS3 1SJ **REGISTERED COMPANY NUMBER** 10168064 (England and Wales) **REGISTERED CHARITY NUMBER** 1178639 **INDEPENDENT EXAMINER** Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW Page 1 Goscote Greenacres Community Garden Report of the Trustees for the Year Ended 31 December 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** To provide facilities for recreation or other leisure time occupation by providing an area for use as a community garden for individuals in Goscote and the surrounding area, who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the objective of improving the condition of life of the said inhabitants. ## **ACHIEVEMENTS AND PERFORMANCE** ## **Charitable activities** We have supported 22 adults with learning disabilities each week undertaking supervised activities, growing vegetables and help maintain the site. This helps their well-being and helps them feel part of the wider community. We have 5 'able bodied' volunteers who assist on site including some admin support. All 60 plots have been let again this year therefore we are at full capacity and will be starting a waiting list We have started a men's fishing group on a Thursday to help tackle mental health in partnership with rethink, a local mental health charity. Also we hoping to develop a community woodworking hut on site to make habitat boxes and planters which we hope to sell to earn income for the charity. We have a partnership with makerspace / urban Hax, they are helping support the woodworking hut and a potential woodland craft area going forward. We have held 3 events over the past 12 months with well over 100 people attending each one, including a Mayday plant sale, art and music event in august and our traditional Halloween event. The garden maintenance team still operates 4 days per week, but we have struggled to find enough work over the winter period so we have had to lay off one member of staff. We continue to sell vegetables from the site and hope to forge new partnerships with local community cafes. ## **FINANCIAL REVIEW** ## **Financial position** The charity had net expenditure this year of £37,216 (2023 - £33,002). The net assets of the charity at the year end were £20,082 (2023 - £57,298). The net assets are split into unrestricted funds of £5,765 (2023 - £27,125) and restricted funds of £14,317 (2023 - £30,173). ## **Going concern** At the year end the charity's surplus of funds was not sufficient to cover another years worth of expenses and significant new funding would be required for it to continue in its current format. Unfortunately this has not been possible and at this time the charity's activities are being scaled down and all staff have been made redundant. We are hoping to continue the charity on a volunteer basis. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 28 March 2025 and signed on its behalf by: Mr R Dolan - Trustee Page 2 Independent Examiner's Report to the Trustees of Goscote Greenacres Community Garden ## **Independent examiner's report to the trustees of Goscote Greenacres Community Garden ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** 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: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Andrew James Smith ACCA Lewis Smith & Co. Chartered Certified Accountants The Old Doctor's House 74 Grange Road Dudley West Midlands DY1 2AW 28 March 2025 Page 3 Goscote Greenacres Community Garden Statement of Financial Activities for the Year Ended 31 December 2024 |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
19,393
Other trading activities
3
26,029
**Total**
45,422
**EXPENDITURE ON**
**Charitable activities**
Raising funds
5,930
Payroll costs
40,713
Other costs
20,139
**Total**
66,782
**NET INCOME/(EXPENDITURE)**
(21,360)
**RECONCILIATION OF FUNDS**
Total funds brought forward
27,125
**TOTAL FUNDS CARRIED FORWARD**
5,765|Restricted
funds
£
32,304
-
32,304
250
38,184
9,726
48,160
(15,856)
30,173
14,317|31.12.24
31.12.23
Total
Total
funds
funds
£
£
51,697
47,633
26,029
15,448
77,726
63,081
6,180
4,194
78,897
72,485
29,865
19,404
114,942
96,083
(37,216)
(33,002)
57,298
90,300
20,082
57,298| |---|---|---| The notes form part of these financial statements Page 4 Goscote Greenacres Community Garden ## Balance Sheet ## 31 December 2024 |||||31.12.24|31.12.23| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||fund|funds|funds|funds| ||Notes|£|£|£|£| |**FIXED ASSETS**|||||| |Tangible assets|8|1,823|10,275|12,098|15,755| |**CURRENT ASSETS**|||||| |Debtors|9|230|-|230|161| |Cash at bank and in hand||6,162|4,042|10,204|44,110| |||6,392|4,042|10,434|44,271| |**CREDITORS**|||||| |Amounts falling due within one year|10|(2,450)|-|(2,450)|(2,728)| |**NET CURRENT ASSETS**||3,942|4,042|7,984|41,543| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||5,765|14,317|20,082|57,298| |**NET ASSETS**||5,765|14,317|20,082|57,298| |**FUNDS**|11||||| |Unrestricted funds||||5,765|27,125| |Restricted funds||||14,317|30,173| |**TOTAL FUNDS**||||20,082|57,298| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 28 March 2025 and were signed on its behalf by: Mr R Dolan - Trustee The notes form part of these financial statements Page 5 Goscote Greenacres Community Garden Notes to the Financial Statements for the Year Ended 31 December 2024 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |Plant and machinery|- 25% on reducing balance| |---|---| |Motor vehicles|- 25% on reducing balance| |Computer equipment|- 25% on reducing balance| ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. DONATIONS AND LEGACIES** |**DONATIONS AND LEGACIES**||| |---|---|---| ||31.12.24|31.12.23| ||£|£| |Donations|3,168|1,556| |Grants|47,609|45,172| |Subscriptions|920|905| ||51,697|47,633| |Grants received, included in the above, are as follows:||| ||31.12.24|31.12.23| ||£|£| |Big Lottery Reaching Communities Fund|-|33,834| |Wages grants|9,403|11,338| |General grants|15,703|-| |Spacehive|22,503|-| ||47,609|45,172| Page 6 continued... Goscote Greenacres Community Garden ## Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## **3. OTHER TRADING ACTIVITIES** ## **4.** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||31.12.24|31.12.23| ||£|£| |Fundraising events|300|4,441| |Shop income|12,605|4,829| |Garden maintenance services|13,124|6,178| ||26,029|15,448| |**NET INCOME/(EXPENDITURE)**||| |Net income/(expenditure) is stated after charging/(crediting):||| ||31.12.24|31.12.23| ||£|£| |Depreciation - owned assets|4,040|5,263| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **6. STAFF COSTS** |**STAFF COSTS**||| |---|---|---| ||31.12.24|31.12.23| ||£|£| |Wages and salaries|76,827|70,542| |Other pension costs|2,070|1,943| ||78,897|72,485| |The average monthly number of employees during the year was as follows:||| ||31.12.24|31.12.23| |Management|2|2| |Other|3|2| ||5|4| |No employees received emoluments in excess of £60,000.||| ## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
Restricted
fund
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2,460
45,173
Other trading activities
15,448
-
**Total**
17,908
45,173
**EXPENDITURE ON**
**Charitable activities**
Raising funds
4,194
-
Payroll costs
225
72,260
Other costs
4,438
14,966
**Total**
8,857
87,226|Total
funds
£
47,633
15,448| |---|---| ||63,081| ||4,194
72,485
19,404| ||96,083| continued... Page 7 Goscote Greenacres Community Garden ## Notes to the Financial Statements - continued for the Year Ended 31 December 2024 |**7.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**||| |---|---|---|---|---|---| ||||Unrestricted|Restricted|Total| ||||fund|funds|funds| ||||£|£|£| ||**NET INCOME/(EXPENDITURE)**||9,051|(42,053)|(33,002)| ||**RECONCILIATION OF FUNDS**||||| ||Total funds brought forward||18,074|72,226|90,300| ||**TOTAL FUNDS CARRIED FORWARD**||27,125|30,173|57,298| |**8.**|**TANGIBLE FIXED ASSETS**||||| |||Plant and|Motor|Computer|| |||machinery|vehicles|equipment|Totals| |||£|£|£|£| ||**COST**||||| ||At 1 January 2024|35,183|20,854|2,099|58,136| ||Additions|383|-|-|383| ||At 31 December 2024|35,566|20,854|2,099|58,519| ||**DEPRECIATION**||||| ||At 1 January 2024|25,049|15,906|1,426|42,381| ||Charge for year|2,634|1,237|169|4,040| ||At 31 December 2024|27,683|17,143|1,595|46,421| ||**NET BOOK VALUE**||||| ||At 31 December 2024|7,883|3,711|504|12,098| ||At 31 December 2023|10,134|4,948|673|15,755| |**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |||||31.12.24|31.12.23| |||||£|£| ||Prepayments and accrued income|||230|161| |**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |||||31.12.24|31.12.23| |||||£|£| ||Pension creditor|||351|778| ||Accruals and deferred income|||2,099|1,950| |||||2,450|2,728| |**11.**|**MOVEMENT IN FUNDS**||||| |||||Net|| |||||movement|At| ||||At 1.1.24|in funds|31.12.24| ||||£|£|£| ||**Unrestricted funds**||||| ||General fund||27,125|(21,360)|5,765| ||**Restricted funds**||||| ||Big Lottery Reaching Communities Fund||22,563|(13,684)|8,879| ||Big Lottery Awards For All||4,012|(2,616)|1,396| ||Wages Grants||3,598|(3,598)|-| ||Spacehive||-|4,042|4,042| ||||30,173|(15,856)|14,317| ||**TOTAL FUNDS**||57,298|(37,216)|20,082| continued... Page 8 Goscote Greenacres Community Garden Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## **11. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Big Lottery Reaching Communities Fund
Big Lottery Awards For All
Wages Grants
Spacehive
Other Small Resticted Grants
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Big Lottery Reaching Communities Fund
Big Lottery Awards For All
Wages Grants
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Big Lottery Reaching Communities Fund
Big Lottery Awards For All
Wages Grants
**TOTAL FUNDS**|Incoming
resources
£
45,422
-
-
9,403
22,503
398
32,304
77,726
At 1.1.23
£
18,074
63,129
4,634
4,463
72,226
90,300
Incoming
resources
£
17,908
33,835
-
11,338
45,173
63,081|Resources
Movement
expended
in funds
£
£
(66,782)
(21,360)
(13,684)
(13,684)
(2,616)
(2,616)
(13,001)
(3,598)
(18,461)
4,042
(398)
-
(48,160)
(15,856)
(114,942)
(37,216)
Net
movement
At
in funds
31.12.23
£
£
9,051
27,125
(40,566)
22,563
(622)
4,012
(865)
3,598
(42,053)
30,173
(33,002)
57,298
Resources
Movement
expended
in funds
£
£
(8,857)
9,051
(74,401)
(40,566)
(622)
(622)
(12,203)
(865)
(87,226)
(42,053)
(96,083)
(33,002)|Resources
Movement
expended
in funds
£
£
(66,782)
(21,360)
(13,684)
(13,684)
(2,616)
(2,616)
(13,001)
(3,598)
(18,461)
4,042
(398)
-
(48,160)
(15,856)
(114,942)
(37,216)
Net
movement
At
in funds
31.12.23
£
£
9,051
27,125
(40,566)
22,563
(622)
4,012
(865)
3,598
(42,053)
30,173
(33,002)
57,298
Resources
Movement
expended
in funds
£
£
(8,857)
9,051
(74,401)
(40,566)
(622)
(622)
(12,203)
(865)
(87,226)
(42,053)
(96,083)
(33,002)| |---|---|---|---| ||||(42,053)| ||||(33,002)| ## **Purpose of Funds** ## **Unrestricted General Fund** This fund represents the free funds of the charity that are not designated for particular purposes. ## **Restricted Funds** continued... Page 9 Goscote Greenacres Community Garden Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## **11. MOVEMENT IN FUNDS - continued** ## Big Lottery Reaching Communities Fund This initial grant was first received on 1st October 2018 with further amounts recieved over a five year period. Its purpose was to help fund salaries and the majority of the garden's running costs, with some fixed assets also being purchased. All of this fund has now been spent with the remaining value in the accounts representing the net book value of fixed assets purchased by the fund during the five years. ## Big Lottery Awards For All This grant of £10,000 was received during 2019 to fund the development and delivering of the garden's new digital trail. The value in the accounts represents the net book value of the trail in fixed assets. ## Wages Grants These are various grants that have been received over the years to fund the some of the wages paid by the charity. ## Spacehive This is a grant received this year to cover wages and to develop the woodworking hut. ## Other Small Restricted Grants These are other small restricted grants that have been fully utilised during the year ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2024. ## **13. GOING CONCERN** At the year end the charity's surplus of funds was not sufficient to cover another years worth of expenses and significant new funding would be required for it to continue in its current format. At the date these accounts were signed no new funding had been made available and the charity's activities were being scaled down with all staff being made redundant. It is the charity's intention to continue in the short term on a volunteer basis. Page 10 Goscote Greenacres Community Garden ## Detailed Statement of Financial Activities for the Year Ended 31 December 2024 |Detailed Statement of Financial Activities
for the Year Ended 31 December 2024||| |---|---|---| ||31.12.24|31.12.23| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|3,168|1,556| |Grants|47,609|45,172| |Subscriptions|920|905| ||51,697|47,633| |**Other trading activities**||| |Fundraising events|300|4,441| |Shop income|12,605|4,829| |Garden maintenance services|13,124|6,178| ||26,029|15,448| |**Total incoming resources**|77,726|63,081| |**EXPENDITURE**||| |**Charitable activities**||| |Purchases for resale|429|1,339| |Garden supplies|4,353|1,627| |Event and promotion costs|1,281|1,168| |Licences|117|60| ||6,180|4,194| |**Support costs**||| |**Management**||| |Wages|76,827|70,542| |Pensions|2,070|1,943| |Insurance|1,290|1,247| |Telephone and internet|902|568| |IT, post, printing, stationery|96|511| |Repairs and consumables|3,257|4,177| |Fuel and travel expenses|860|1,697| |Van insurance and tax|2,153|1,557| |Other van expenses|3,294|886| |Vehicle hire|1,092|-| |Refreshments|1,248|423| |Cleaning and hygiene costs|459|256| |Volunteer expenses|266|206| |Accountancy|2,868|2,244| |Legal fees|1,405|-| |Website and advertising|166|302| |Gifts|482|-| |Spacehive expenses|5,987|-| |Sundry expenses|-|67| |Depreciation of tangible and heritage assets|4,040|5,263| ||108,762|91,889| |Total resources expended|114,942|96,083| |**Net expenditure**|(37,216)|(33,002)| This page does not form part of the statutory financial statements Page 11