Report of Trustees and Annual Accounts July 2022 – June 2023 Growing Well Ltd is a Registered Charity in England and Wales, No. 1182018 ## **Contents** ||Growing Well at Tebay Services|Page 3| |---|---|---| |1|Executive summary:|| ||– Our Financials|4| ||– Our Impact|5| ||– Our Future|6| ||– Our Supporters|7| |2|Trustees, Oficers and Professional Advisors|9| |3|Message from the Chair|10| |4|Our Purpose, Aims and Objectives|11| |5|Future Strategic Plans|12| |6|Our Activities, Performance and Achievements|13| |7|Structure, Governance and Management|15| |8|Financial Review, July 2022 – June 2023|16| |9|Independent Examiner’s Report|18| |10|Statement of Financial Activities|19| |11|Balance Sheet|20| |12|Notes to the Financial Statements|21| Growing Well Limited - Trustees’ Report and Financial Statements 2023 2 Growing Well Limited - Trustees’ Report and Financial Statements 2023 3 ## **1 Executive Summary** ## Financials - Income increase due to funding for new Tebay site and group development - Expenditure increased to set up and staff new site and central support team - Net surplus of income over expenditure v 2022 - Reserves used to fund capital and revenue expenditure gap - Designated fund re-allocated to unrestricted reserves - Unrestricted reserves decreased to £19k |||2023
£K|2022
£K|Change
£K| |---|---|---|---|---| ||Income|800|384|416| ||Expenditure|794|460|334| ||Net Surplus/(Deficit)|6|-76|82| ||Reserves
Designated Funds|19
0|132
25|-113
-25| ||Unrestricted Funds|19|157|-138| ||Staf|20|13|7| ||Staf (FTE)|16|10|6| ## Income Stream Analysis **----- Start of picture text -----**
2023 £800k
**----- End of picture text -----**
## 2022 £384k **----- Start of picture text -----**
1%
5%
7% 13% 16%
19%
79% 60%
**----- End of picture text -----**
**----- Start of picture text -----**
Donations Grants Charitable Activities Other Trading Activities Investments
**----- End of picture text -----**
4 Executive Summary Growing Well Limited - Trustees’ Report and Financial Statements 2023 **on their mental health** ## Our Impact ## Kendal: - 196 therapeutic days delivered - 1,202 attendances - 296 individuals supported - 71% average attendance ## Tebay (opened January 2023): - 72 therapeutic days delivered - 532 attendances - 84 individuals supported - 75% average attendance 70% of beneficiaries demonstrated a **significant positive change in wellbeing** (Warwick & Edinburgh Mental Wellbeing Survey) ## Quotes from our Volunteers: _“Growing Well works, helps people when they don’t really know what to do. It’s about mental health, but by doing hands-on work you get the chance to feel useful and have a safe space to come without judgement”._ _“It’s had a huge impact in such a short space of time. I feel capable now and less scared to go about my daily life. I am now going back to work”._ _“Happy, valued, welcome, safe, like I matter, like people have time for me, I feel connected to people”._ _“(When I’m at Growing Well) I feel like I’m enough. Calm and content”._ _“(What’s most useful to my mental health is) being around other people in a setting that is productive and lets me feel useful and part of something with purpose, but still understands and makes room for mental health difficulties instead of making people feel inadequate”._ _“Less despair, more energy, happier, more hopeful that maybe I’m not as bad at being around other people as I’ve thought. I’m more hopeful about life in general on my day at Growing Well and often the day or so after too”._ _“It has given me confidence to get a new job, given me tools to manage day to day problems, shown me I really like being outside and hands-on work, so much so that I have my own allotment now”._ 93% say that coming to Growing Well is **teaching them skills they need to maintain better mental health** 100% of beneficiaries say they **feel valued and listened to while at Growing Well** Growing Well Limited - Trustees’ Report and Financial Statements 2023 ## Our Future Having grown back and grown better in 2021-22, this year we have fully embraced our third strategy objective: to grow bigger. Not only have we opened our second Growing Well site at Tebay Services on time and on budget, we’ve also added cohort programmes to our core service at both sites to support people seeking asylum. In Q4 of our financial year, we received confirmation that our third site in Egremont, West Cumbria, has been approved for development and the community asset transfer of a 25-year lease on the site was signed by Cumberland Council. In its almost 19 years of being, Growing Well has constantly transformed to meet the changing needs of its communities, but never has the organisation transformed at this rate or on this scale. We are ready to make this transformation, whilst continuing to provide our beneficiaries with the stability and consistency they need. Our work in replication has presented huge challenge and huge opportunity, in equal measure. The financial year ahead will focus on achieving further growth, with the opening of our Egremont site in early 2024, but also stability. Once Growing Well Egremont is open, it is our aim to put our three sites and our organisation as a whole through a robust, three-year consolidation period, the outcome of which will be: - A compelling, tried and tested service delivery model implemented across three different communities, with compelling evidence of impact. - A sustainable business model with strong local investment and a healthy fundraising mix at each site. - Rebuilding our financial reserves, which have been depleted through our replication development period. - Replicate inclusive and accountable governance structures across all our sites. - A clear and compelling service proposition understood by a wider (national) audience. _Image: existing greenhouses at the Beck Green Nurseries site in Egremont, September 2023_ Growing Well Limited - Trustees’ Report and Financial Statements 2023 6 Executive Summary ## Our Supporters “Growing Well is a wonderful organisation and one of the most effective mental health charities I’ve ever come across. I know that the incredible work they do to support people’s mental health is greatly valued by people across Cumbria.” Tim Farron MP “The benefits of physical activity and fresh air to mental health are huge and this supportive environment with experts on hand is a valued resource to the community.” ## Karen Hirst, MD, Maple Grove Developments _- Growing Well is Maple Grove’s Charity of the Year_ “Our new partnership with Growing Well in 2023 is both exciting and vital for our local community. Both organisations are passionate about people and produce, and extremely proud of the unique supply chain we have created together at our Tebay Services Northbound site.” ## Nabil Subuh, CEO, Westmorland Limited “Over the last two years I have been working with the Growing Well team to get the old Beck Green parks depot (Egremont) back up and running as a functional productive horticulture establishment. It was at no surprise that there was and still is full support within Copeland Council and now Cumberland Council present to make this happen. We are so pleased that we have a reputable charity such as Growing Well to take charge of the site and provide West Cumbria with a horticulture intervention base for mental health support. We are looking forward to seeing the produce from the site and service provision in many years to come in the heart of Egremont.” ## Emanuel Flecken CHort MHort PTI ## Parks, Open Spaces and Bereavement Manager Place, Sustainable Growth and Transport / Cumberland Council “It has been a pleasure to work with Growing Well to help them define their unique approach and to communicate why their offer is so effective. This has enabled them to scale up services locally in order to support more people across Cumbria with mental ill-health, and also to share their learning, to bring more structure and robustness to the green care sector nationally”. ## Dr Rachel Bragg OBE Consultant and advocate for Nature connection, Green Care & care farming; Visiting Fellow, SRES, University of Essex “It has been so good to see the connections developing between Growing Well and the National Trust teams at Sizergh. We are so vicariously proud of the work that Growing Well does to support the local community and are keen to support the operation in any way that we can. We have been pleased to host Growing Well staff in our meeting spaces, providing clothing and equipment for volunteers, materials for the operations, hosting tours for the asylum seeker volunteers, and a pub quiz team for the recent fundraiser. We are keen to develop a pathway for volunteers from Growing Well who have finished their year placement and can offer a range of opportunities across Sizergh and Cumbria, either volunteering or employment opportunities. Keep up the amazing work Mary and the team we are so proud of you.” ## Dan Taylor, General Manager, National Trust South & East Cumbria and Morecambe Bay “It’s a privilege to be in a position where we can help [Growing Well] in this way” ## Anonymous donor “Growing Well is a great referral partner allowing us to promote recovery and gain support for individuals who are experiencing moderate to severe mental health. The benefits of Growing Well’s alternative approach in a community setting, providing activity as an alternative or alongside other therapies for those requiring on-going support, is very valuable.” ## Clare Benson, Deputy Director of Nursing, The Bay, Lancashire and South Cumbria NHS Foundation Trust “You are making excellent progress and it is exciting to hear that you now have three sites on which to replicate and evaluate your new service delivery model.” Sara Buchanan, Co-Director of Programmes, The Churchill Fellowship Growing Well Limited - Trustees’ Report and Financial Statements 2023 Executive Summary 7 ## Our Funders Major funders (£25,000 or more) The National Lottery Community Fund Lloyds Bank Foundation The Mary Kinross Charitable Trust Eric Wright Charitable Trust Postcode Neighbourhood Trust Westmorland Limited Large grants (£5,000 or more) SIB Enterprise Development Fund Sir John Fisher Foundation Frieda Scott Charitable Trust The Westmorland Family Fund NHS Green Social Prescribing Fund CRH Charitable Trust The Roselands Trust The Hadfield Trust David Family Foundation The Winston Churchill Memorial Trust Louis Nicholas Residuary Charitable Trust The Noble Charitable Trust Evan Cornish Foundation The Newby Trust Grants - £1,000 to £5,000 The Misses Barrie Charitable Trust The Harold and Alice Bridges Charity Lupton Tower Trust The Southall Trust John Ashlin Culforth Charitable Trust The Stafford Trust The Fort Foundation Finn Family Fund Sylvia Waddilove Foundation The Ninevah Charitable Trust The Leigh Trust The Hobson Charity The William Dean Countryside and Education Trust Anton Jurgens Charitable Trust NISA/ MADL Charity Tesco Community Grants Cumbria County Council Asda Foundation Small grants or community organisation donations up to £1,000 Kendal Town Council High Sheriff of Cumbria CCF Staff 10th Anniversary Fund Proven Family Trust Marsh Charitable Trust Bryan Lancaster Trust The Fitton Trust N Smith Charitable Settlement Grange Fell Golf Club Lakeland Horticultural Society Co-op Local Community Fund Blue Mind Men Swim Alpkit Foundation Kirkby Lonsdale WI Egton-cum-Newland WI Lake District Sheepdog Trials Kendal Bridge Club Sedbergh Young Farmers Greening Levens Growing Singing Hoad Hill Harriers Sedbergh Ladies NFU Group Asby Mothers Union IN Group Askham & Helton Garden Club Sockbridge & Tirrel Community Group Gardeners of Eden Penrith Lions Club Rotary Club of Ambleside Westmorland Horticultural Society ## Corporate Supporters _We are grateful for the continued support for our work from the management and staff of the following business supporters:_ Low Sizergh Barn Low Sizergh Farm Thomson Hayton Winkley Hawkshead Relish John Jordan Ltd Electricity Northwest David Kneale Financial Management From the Fields (Kendal Calling) Lakeland Ltd The Floralistas The Factory Tap Gan Yam Brewery Paintwell Chester Race Company Our Leadership Agenda Maple Grove Developments Growing Well Limited - Trustees’ Report and Financial Statements 2023 8 Executive Summary ## 2 **Trustees, officers and professional advisers** Reference and administrative details of the charity, its trustees and advisers for the year ended 30 June, 2023 Registered Charity Name: Growing Well Limited Registered Charity Number: 1182018 Company Registration Number: 11446092 Registered Office: Growing Well Limited Low Sizergh Barn, Sizergh, Kendal, Cumbria LA8 8AE The Trustees: Mr J Sharp (Chair) (during the period 2022-2023) Dr M F Cheesbrough (Retiring Chair) Mr S Wren (Finance Trustee) Mr S Brock Dr T Watson (Therapeutic Trustee) Ms S Rostás (Retired October 2022) Mrs F Weir (Retired March 2023) Company Secretary: Mrs M I Smith Chief Executive Officer: Mrs M I Smith Accountants: Lamont Pridmore (South Cumbria) Limited 136 Highgate, Kendal, Cumbria LA9 4HW Bankers: Cooperative Bank PLC PO Box 200, Delf House, Southway, Skelmersdale WN8 6GH Trustees, Officers and Professional Advisors 9 Growing Well Limited - Trustees’ Report and Financial Statements 2023 ## 3 **Message from the Chair** I am delighted to report that the last twelve months have seen Growing Well continue to deliver on its core post pandemic aims of Growing Back, Growing Better and Growing Bigger. I would firstly like to thank my predecessor, Dr Marion Cheesbrough, who stepped down as Chair at the last AGM, after 3 years in the role. During her time as a trustee, she oversaw the transformation of the charity and the service we offer. Fiona Weir also stepped down as Treasurer. Fiona joined Growing Well in 2014 and guided the finances of the charity assiduously during her time with us. We are indebted to both Marion and Fiona for their devotion and expertise. Marion will be stepping off the Board at this year’s AGM. She will be greatly missed by us all. Her role as lead therapeutic trustee will be assumed by Tessa Watson, who joined the board in 2022. Fiona’s role as Finance Trustee has been assumed by Stewart Wren. He has supported our new Financial Controller, Catriona James, over the year. Cat has further strengthened the controls and planning of the charity. The last twelve months have been as exciting as they have been challenging. We have taken the first step in delivering our plan to grow bigger. In January we opened our second site, at Tebay Services. This was made possible thanks to the very generous support of The Westmorland Family, who have been friends to the charity for many years, and the National Lottery. The opening ceremony was testament not only to the wonderful work Growing Well does, but also to the support it enjoys from such a huge number of people in the communities it serves. We have also made progress towards the opening of our third site, in Egremont in West Cumbria, which we expect will be open in early 2024. This has been made possible by the support of Copeland Community Fund, the Nuclear Decommissioning Authority and the National Lottery. It was very pleasing to see in the June survey of our beneficiaries that all respondents tell us that coming to Growing Well improves their mental health. 97% of core volunteers report positive impact on their mental health (exceeding our target of 90%). We also now have a year of “clean” evidence of impact data post COVID that demonstrates that the majority of individuals’ wellbeing improves whilst with us (Warwick and Edinburgh Mental Wellbeing Survey). The delays in securing the funding for our third site have impacted our finances this year, particularly given the expenses we have incurred ahead of opening the new sites. We have developed a three year plan which will see the charity onto a more sustainable financial footing. With Egremont open, our focus in the short to medium term will be build the volunteer base at each site, refine our therapeutic and business model and gather very detailed evidence of the impact of what we do. This will stand us in good stead to proceed to the next stage of growth thereafter. I would lastly like to thank all of our staff who have worked so hard in the past twelve months, led by Mary. I look forward to the next twelve months and to the extension of our services into a new community. Jim Sharp Chair of Trustees Growing Well Limited - Trustees’ Report and Financial Statements 2023 10 Message from the Chair Growing Well Limited - Trustees’ Report and Financial Statements 2023 Our Purpose, Aims and Objectives 11 ## 5 **Future Plans** Our three-year plan is to deliver proven and replicable therapeutic and business models (2023-26). Once Growing Well Egremont is open and working with beneficiaries, the organisation will prioritise financial stabilisation and will enter a consolidation period to ratify our model further. This will include: ## MODEL The development and publishing of a service delivery framework, outlining our intervention, the training and governance required to deliver it and standard operating procedures, including our ways of measuring evidence of impact. We aim to provide our service to over 1,000 beneficiaries during the next three financial years. We aim for 700 (70%) to leave with a meaningful positive mental health improvement. ## GOVERNANCE The updating of robust, clear, inclusive and accountable governance structures at Growing Well, with a trauma informed approach (as underpinned by an accredited, silver level external Quality Mark[1] ). > 1 https://onesmallthing.org.uk/quality-mark ## POSITIONING A refined narrative, which offers a clear and compelling service proposition that can be understood by, and enthuse, a national audience. This consolidation period cannot be rushed, particularly in relation to gathering compelling evidence of impact. Once we have achieved a published, therapeutic model, built up our financial reserves and achieved a sustainable business model to underpin our work, we will begin work on creating a blueprint for further roll out of Growing Well services and sites. ## IMPACT Three years’ evidence of impact data across three sites, extrapolated and reviewed internally and externally, through academic peer review. ## INCOME Strategic focus on broadening key areas of our income generation approach, to include: - Decentralising a proportion of our fundraising efforts to site level and securing guaranteed, annual, local “partner” income for each site from individuals, businesses and community fundraising initiatives - Achieving statutory funding through commissioning or contracting, to support our work - Development and sale of consultancy/skilled services Growing Well Limited - Trustees’ Report and Financial Statements 2023 12 Future Plans ## 6 **Our Activities, Performance & Achievements** _This section details our activities and achievements during the period to June 2023, with specific reference to the strategic aims outlined in our previous report._ ## Growth in numbers of our beneficiaries Following a fundamental change to our operating criteria and implementing a (soft) time cap on beneficiary attendance of one year, our last Kendal beneficiaries from the “no time cap” era were safely and successfully transitioned away from the service in October 2022. We had anticipated and planned for a drop in beneficiary numbers at Kendal when this long-standing cohort of people moved on. In response, a targeted programme of outreach and engagement was undertaken to drive referrals to Growing Well across all referral networks. As a result, we have seen the highest annual rate of referrals (170) in Growing Well’s history during this year. At the time of reporting, our weekly volunteer numbers at Kendal stand at 41, with an additional cohort of up to 15 people seeking asylum attending on one day per week. Our Friday community day also welcomes up to 12 people each week, for “general population health” activities on our field. The throughput of individuals accessing the service means the demand for continued outreach with referrers is high but we can see the benefits of this move therapeutically and the efforts made to enable this more progressive approach mean that we can help many more individuals each year. Our Tebay site opened on 16th January 2023 to support the Eden and Carlisle communities. In addition to core service delivery, the site has also supported 81 people seeking asylum to access mental health and wellbeing support. This project was funded by the NHS and brokered by the Cumbria Council for Voluntary Service. As well as investing in referral outreach and mapping across North Lancashire, South Lakes, Eden and Carlisle, we made several improvements to our service marketing, including a website update, the digitising of our referrals process, print marketing for referral and self-referrals, posters and attendance/ membership at key, regional, statutory and third sector events and networks. Our two minibuses now reach Lancaster, Morecambe, Carnforth, Milnthorpe, Barrow-in-Furness, Dalton-in-Furness, Grange-overSands, Ambleside, Windermere, Kendal, Carlisle, Penrith, Shap, Appleby and Kirkby Stephen. With rural isolation a significant barrier to service access in our area, this is a vital lifeline to many of our beneficiaries. The geographical impact of our wider outreach (and transport network) and the opening of our second site, is that two new Cumbrian districts and a Lancashire district have been able to access our service within the financial year. This means more people helped and quicker travel times to reach help, for those coming to Growing Well. ## Growth of evidence of impact aims and outcomes One of our aims during the last year was to evidence, through robust systems, the positive mental health change coming to Growing Well can make. We aimed to evidence that > 70% of beneficiaries on leaving Growing Well (after a minimum of 12 weeks engagement) would show meaningful positive mental health improvements. Data this year our Kendal site is very positive in terms of evidencing this. 100% of beneficiaries across both sites, when staying in the service for 6 weeks or longer, have been supported to set themselves a mental health goal for their recovery, through our Goals Based Outcomes framework. Quarterly volunteer surveys collect feedback from volunteers on their experience at Growing Well, and the impact on their mental health. Based on our two most recent surveys, 97% of core volunteers reported that coming to Growing Well was having a positive effect on their mental health (against a target of 90%), with 93% stating that coming to Growing Well is teaching them skills they need to maintain better mental health. 100% of core volunteers reported they felt valued and listened to while at Growing Well. Growing Well Limited - Trustees’ Report and Financial Statements 2023 Our Activities, Performance and Achievements 13 During the calendar year 2022, all beneficiaries, when starting at Growing Well, were below the UK average Warwick and Edinburgh Mental Wellbeing Survey (WEMWBS) score, with 60% in the bottom 15 centile of the UK population score, indicative of clinical depression. Growing Well delivered a significant uplift in mental health after 6 months for more than 70% of our beneficiaries. ## Growth of sustainable income Due to delays in starting development of our third site in Egremont, our financial plan for ambitious growth was severely affected, and the charity has carried the cost of these delays using its reserves. _Image: Mary Smith with project funders and supporters at the third Growing Well site at Beck Green Nurseries, Egremont, September 2023._ _From left: Andy Harper, Socio-Economics Manager, Nuclear Decommissioning Authority; Alyson Carney, Community Development Officer, Copeland Community Fund; Emma Moynihan, Fund Manager, Copeland Community Fund; Paul Cambre, Head of Horticulture, Growing Well; Mary Smith, CEO, Growing Well; Emanuel Flecken, Parks, Open Spaces & Bereavement Manager, Place, Sustainable Growth and Transport, Cumberland Council_ Our reserves have now diminished but the opportunity and the professional readiness for growth have been invested in considerably and are secured. Our priority is to stabilise finances and push forward with our three year growth strategy. We have revised our income generation approach to reflect our current situation and have agreed a plan for urgent focus on major grants and trusts fundraising. Resource is also being invested in making a significant step change in fundraising over the next three years, through essential but slower growing channels. There are plans to develop our work in site-specific non-grant fundraising, including corporate and community engagement. We will improve our individual, digital and legacy giving fundraising channels and will generate income (and multiply our impact further) by developing a consultancy service to share our horticultural and mental health expertise. We are pleased to report the successful recruitment of experienced resource to our financial function, and welcome Catriona James (Financial Controller) and Stewart Wren (Finance Trustee) to their new positions. Growing Well Limited - Trustees’ Report and Financial Statements 2023 14 Our Activities, Performance and Achievements ## 7 **Structure, Governance & Management** ## a) Constitution Growing Well Limited is registered as a charitable company limited by guarantee and is governed by its Memorandum and Articles of Association. ## b) Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of Articles. ## c) Organisational structure and decision-making procedures The Board of Trustees meets bi-monthly but delegates the daily running to the Chief Executive Officer. A number of working groups, involving trustees and staff, exist to aid discussion and problem solving in different aspects of the charity’s operations, and these continued to operate throughout the pandemic. These groups report back to the main board with any recommendations. ## d) Risk Management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied the systems and procedures are in place to mitigate exposure to the major risks. The Trustee board is sensitive to potential risks to which the Charity may be exposed. The principal risks currently identified are: 1. Significant increase in annual income targets unachievable and scaling back of plans/staffing required 2. Delayed opening of Egremont funding – financial risk – not being able to raise operating costs if not operating 3. Sustainable funding model not achieved Growing Well Limited - Trustees’ Report and Financial Statements 2023 Structure, Governance and Management 15 ## 8 **Financial Review** ## Results for the year Over the last 12 months Growing Well has transformed into a multi-site organisation. Having raised the funding to develop a second site at the Westmorland Services, Tebay, which opened January 2023 and securing funding for a third site at Beck Green, Egremont, which will be developed over the following year. The second site has been possible primarily through funding from our partners at Westmorland Limited and the National Lottery, as well as investment from our own reserves. The second site has enabled income growth during the year of £800,328 against £384,038 the previous year. Work on the third site in Egremont is due to commence in Autumn 2023. It is anticipated that the majority of the pledged startup funding will be received then, however, the charity has already received £25k funding for the Egremont site from the People’s Postcode Trust which is shown in restricted funds carried over at year-end. Expenditure has also grown to £794,091 against £460,151 (2022). Trustees are mindful of building a strategy for expenditure that promotes cost control whilst protecting the core service and resources required to support beneficiaries throughout their journey with Growing Well. The strategy of moving from a CIO to a charity in 2018 has enabled Growing Well to access new funding streams and increase its support base. The charity has developed strong working relationships with funding partners over the period since the change and this continues to provide a basis for resilience moving forward. We are grateful to all our funders and supporters, without whom it would not be possible to offer the service to our beneficiary volunteers that makes such a difference at a critical point in their lives. During the past year, the focus has been on building a new support structure of a central team of staff, who can provide administrative and financial oversight of multiple locations. There has also been a requirement for investment in new infrastructure for the site at Tebay and minor renewals at Sizergh. This has led to a depletion of our reserves during 2022-3 and an increase in funds held as tangible fixed assets. The focus of trustees and the senior leadership team continues to be on developing new income streams and reducing our reliance on trusts and grant income, where possible. These diversified income streams allow sites to have greater control over income and expenditure, whilst building long term resilience and replenishing reserves. ## Reserves Policy Trustees have agreed a policy which has set the goal for unrestricted funds (funds which carry no restriction on use, or specific designation, or are invested in tangible fixed assets) held as reserves should be a minimum of 3 months of expenditure. This would allow the charity to continue current activities at all sites in the event of a significant drop in income. At year-end, the charities’ unrestricted funds stand at £19,083 this is below the agreed level and therefore trustees will implement a financial strategy to build these funds through raising surplus over the next three years. ## Going Concern The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Although the charity seeks to raise funds through its charitable activities, we remain dependant on external funding and donations to allow investment in growth and fund the gap in core costs. Growing Well Limited - Trustees’ Report and Financial Statements 2023 16 Financial Review ## Responsibilities of the Trustees The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on Thursday 28th September 2023, and signed on their behalf by: Mr J Sharp (Chair) - make judgements and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. Growing Well Limited - Trustees’ Report and Financial Statements 2023 Financial Review 17 ## 9 **Independent Examiner’s Report** I report to the charity Trustees on my examination of the accounts of Growing Well Limited (‘the Charity’) for the year ended 30 June 2023. ## Responsibilities and Basis of Report As the Trustees of the Charity (and 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 Charity 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 the Charity’s accounts 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 Since the Charity’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 I am qualified to undertake the examination because I am a member of Association of Chartered Certified Accountants, which is one of the listed bodies. 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 Charity as required by section 386 of the 2006 Act; 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. This report is made solely to the Charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an Independent Examiner’s Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for my work or for this report. Signed on Thursday 28th September 2023 by: ## Karl Burrell FCCA Lamont Pridmore (South Cumbria) Limited 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 Growing Well Limited - Trustees’ Report and Financial Statements 2023 18 Independent Examiners Report ## 10 **Statement of Financial Activities** (Incorporating Income and Expenditure Account) For The Year Ended 30 June 2023 |Note|Unrestricted
Restricted
Fixed asset
Total
Total
funds 2023
funds 2023
fund 2023
funds 2023
funds 2022
£
£
£
£
£
283,004
297,094
155,000
735,098
293,050
58,773
-
-
58,773
73,914
5,430
-
-
5,430
16,940
1,027
-
-
1,027
134
348,234
297,094
155,000
800,328
384,038
71,824
-
-
71,824
39,628
402,731
271,498
48,038
722,267
420,523
474,555
271,498
48,038
794,091
460,151
(126,321 )
25,596
106,962
6,237
(76,113 )
11,137
-
(11,137 )
-
-
(137,458 )
25,596
118,099
6,237
(76,113 )
156,541
39,643
99,402
295,586
371,699
(137,458 )
25,596
118,099
6,237
(76,113 )
19,083
65,239
217,501
301,823
295,586| |---|---| |Income from:
Donations and grants
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net (expenditure)/income
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward|| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 21 to 34 form part of these financial statements. Growing Well Limited - Trustees’ Report and Financial Statements 2023 Statement of Financial Activities 19 ## 11 **Balance Sheet** as at 30th June 2023 |Note||2023
£||2022
£| |---|---|---|---|---| |Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due
14
within one year
Net current assets
Net assets excluding pension asset
Charity funds
Restricted funds:
Restricted funds
16
Fixed asset fund
16
Total restricted funds
16
Unrestricted funds
16
Total funds|17,219
106,034
123,253
(38,931 )
65,239
217,501|217,501
217,501
84,322
301,823
301,823
282,740
19,083
301,823|9,364
253,237
262,601
(31,380 )
39,643
99,402|64,365
64,365
231,221
295,586
295,586
139,045
156,541
295,586| The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: Mr J E Sharp Date: 28th September, 2023 Chair of Trustees The notes on pages 21 to 34 form part of these financial statements. Growing Well Limited - Trustees’ Report and Financial Statements 2023 20 Balance Sheet ## 12 **Notes to the Financial Statements** ## **1. General information** Growing Well Limited is a charitable company, limited by guarantee, incorporated in England and Wales under the Companies Act 2006. The address of the registered office is Low Sizergh Farm, Sizergh, Kendal, Cumbria, LA8 8AE. ## **2. Accounting policies** ## 2.1 Basis of preparation of financial statements The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Growing Well Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## 2.2 Going concern The Trustees assess annually whether the use if the going concern basis of accounts preparation is appropriate and consider any material uncertainties that exist relating to events and conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees conclude that the charity has adequate resources to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis of accounting. ## 2.3 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. ## 2.4 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 costs attributable to a single activity are allocated directly 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 between those activities on a basis consistent with the use of resources. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity’s objectives, as well as any associated support costs. ## 2.5 Taxation The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using both the straight line and the reducing balance method. Growing Well Limited - Trustees’ Report and Financial Statements 2023 Notes to the Financial Statements 21 ## **2. Accounting policies** (continued) Depreciation is provided on the following bases: _Short-term leasehold property Straight line over the lease term Plant and machinery 5 years straight line or 25% reducing balance Motor vehicles 25% reducing balance Fixtures and fittings 3 years straight line Office equipment 3 years straight line_ ## 2.7 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## 2.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## 2.9 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. ## 2.11 Operating leases Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term. ## 2.12 Pensions The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. ## 2.13 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. ## 2.10 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Growing Well Limited - Trustees’ Report and Financial Statements 2023 22 Notes to the Financial Statements ## **3. Income from donations and grants** ||Unrestricted
Restricted
Fixed asset
Total
Total
funds 2023
funds 2023
fund 2023
funds 2023
funds 2022
£
£
£
£
£| |---|---| |Donations and legacies
Grants
Total 2023
Total 2022|86,564
19,908
-
106,472
61,519
196,440
277,186
155,000
628,626
231,531| ||283,004
297,094
155,000
735,098
293,050| ||183,239
87,559
22,252
293,050| Analysis of grant income |Analysis of grant income|| |---|---| ||Unrestricted
Restricted
Total
Total
funds 2023
fund 2023
funds 2023
funds 2022
£
£
£
£
-
22,250
22,250
16,850
-
34,433
34,433
71,299
-
4,600
4,600
-
-
-
-
2,700
-
15,333
15,333
-
-
-
-
(3,290 )
196,440
200,570
397,010
121,720
-
155,000
155,000
22,252
196,440
432,186
628,626
231,531
121,720
109,811
231,531| |Growing
Volunteer Support
Catering
Training
Business Development
Repayment of unspent grant
Other Grant Income
Capital Funding
Total 2023
Total 2022|| ## **4. Income from charitable activities** |**4. Income from charitable activities**|| |---|---| ||Unrestricted
Total
Total
funds 2023
funds 2023
funds 2022
£
£
£| |Training
Fees from engagement activities
Catering income
Growing retail - cropshare
Growing wholesale
Total 2023
Total 2022|-
-
8,148
900
900
-
860
860
6,747
46,680
46,680
46,544
10,333
10,333
12,475| ||58,773
58,773
73,914| ||73,914
73,914| Growing Well Limited - Trustees’ Report and Financial Statements 2023 Notes to the Financial Statements 23 ## **5. Income from other trading activities** Income from non-charitable trading activities |**5. Income from other trading activities**
Income from non-charitable trading activities|| |---|---| ||Unrestricted
Total
Total
funds 2023
funds 2023
funds 2022
£
£
£| |Other trading activity income
Fundraising Events
Total 2023
Total 2022|2,606
2,606
364
2,824
2,824
16,576| ||5,430
5,430
16,940| ||16,940
16,940| ## **6. Investment income** |**6. Investment income**|| |---|---| ||Unrestricted
Total
Total
funds 2023
funds 2023
funds 2022
£
£
£| |Investment income
Total 2022|1,027
1,027
134| ||134
134| ## **7. Expenditure on raising funds** Fundraising trading expenses |**7. Expenditure on raising funds**
Fundraising trading expenses|| |---|---| ||Unrestricted
Restricted
Total
Total
funds 2023
fund 2023
funds 2023
funds 2022
£
£
£
£| |Event costs
Other fundraising costs
Wages and salaries
Total 2023
Total 2022|455
-
455
1,055
2,644
-
2,644
971
68,725
-
68,725
37,602| ||71,824
-
71,824
39,628| ||39,628
-
39,628| Growing Well Limited - Trustees’ Report and Financial Statements 2023 24 Notes to the Financial Statements ## **8. Analysis of expenditure on charitable activities** ## Summary by fund type |Summary by fund type||| |---|---|---| |||Unrestricted
Restricted
Total
Total
funds 2023
funds 2023
funds 2023
funds 2022
£
£
£
£| |Charitable operations
Total 2022
Summary by expenditure type|Staf Costs
2023|450,769
271,498
722,267
420,523| |||265,247
155,276
420,523
Depreciation
Other costs
Total
Total
2023
2023
2023
funds 2022
£
£
£
£| |Charitable operations
Total 2022|491,503|48,038
182,726
722,267
420,523| ||290,031|27,437
103,055
420,523| ## **9. Analysis of expenditure by activities** |**9. Analysis of expenditure by activities**|**9. Analysis of expenditure by activities**|**9. Analysis of expenditure by activities**| |---|---|---| |Activities undertaken
Support
Total
Total
directly 2023
costs 2023
funds 2023
funds 2022
£
£
£
£||| |Charitable operations
Total 2022
Analysis of direct costs|590,626
131,641
722,267
420,523|| ||350,524
69,999
420,523
Charitable
Total
Total
operations 2023
funds 2023
funds 2022
£
£
£|| |Staf costs
Depreciation
Growing costs
Volunteer support
Catering
Training and Education
Site costs
General support costs
PR and Marketing
Governance
Total 2023
Total 2022||395,322
395,322
233,275
48,038
48,038
27,437
23,216
23,216
19,965
23,290
23,290
13,581
8,051
8,051
5,783
1,712
1,712
669
23,518
23,518
15,435
50,037
50,037
24,991
11,714
11,714
1,548
5,728
5,728
7,840| |||590,626
590,626
350,524| |||350,524
350,524| Growing Well Limited - Trustees’ Report and Financial Statements 2023 Notes to the Financial Statements 25 ## Analysis of support costs |Analysis of support costs|Analysis of support costs| |---|---| |Charitable
Total
Total
donations 2023
funds 2023
funds 2022
£
£
£|| |Staf costs
Management and admin costs
Professional fees
Bank and finance charges
Total 2023
Total 2022|96,181
96,181
56,755
6,210
6,210
299
28,307
28,307
12,895
943
943
50| ||131,641
131,641
69,999| ||69,999
69,999| ## **10. Staff costs** |**10. Staf costs**|| |---|---| ||Total 2023
Total 2022
£
£| |Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
The average number of persons employed by the Charity during the year was as follows:|495,739
285,901
40,343
26,264
24,146
15,468| ||560,228
327,633| ||2023
2023
No.
No.| |Staf|20
13| No employee received remuneration amounting to more than £60,000 in either year. During the year remuneration paid to key management personnel amounted to £58.9k (2022: £50.8k). ## **11. Trustees’ remuneration and expenses** During the year, no Trustees received any remuneration or other benefits (2022 £NIL ). During the year ended 30 June 2023, no Trustee expenses have been incurred (2022 £NIL). Growing Well Limited - Trustees’ Report and Financial Statements 2023 26 Notes to the Financial Statements ## **12. Tangible fixed assets** |**12. Tangible fxed assets**|**12. Tangible fxed assets**| |---|---| |Short term
Plant and
Motor
Fixtures
Ofice
leasehold property
machinery
vehicles
and fittings
equipment
Total
£
£
£
£
£
£|| |Cost or valuation
At 1 July 2022
Additions
Disposals
At 30 June 2023
Depreciation
At 1 July 2022
Charge for the year
On disposals
At 30 June 2023
Net book value
At 30 June 2023
At 30 June 2022|88,769
280,142
15,000
31,662
28,476
444,049
6,430
154,662
16,745
11,789
11,549
201,175
(7,436 )
(16,760 )
-
(7,130 )
(20,082 )
(51,408 )| ||87,763
418,044
31,745
36,321
19,943
593,816| ||76,797
238,693
8,671
29,359
26,165
379,685
4,709
31,981
4,722
2,644
3,982
48,038
(7,436 )
(16,760)
-
(7,130 )
(20,082)
(51,408 )| ||74,070
253,914
13,393
24,873
10,065
376,315| ||| ||13,693
164,130
18,352
11,448
9,878
217,501| ||11,971
41,450
6,329
2,303
2,312
64,365| ## **13. Debtors** |**13. Debtors**|| |---|---| ||2023
2022
£
£| |Due within one year
Trade debtors
Prepayments and accrued income|14,914
3,663
2,305
5,701| ||17,219
9,364| Growing Well Limited - Trustees’ Report and Financial Statements 2023 Notes to the Financial Statements 27 ## **14. Creditors: Amounts falling due within one year** |**14. Creditors: Amounts falling due within one year**|| |---|---| ||2023
2022
£
£| |Due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals
Deferred income|12,280
1,728
13,330
7,100
2,990
2,011
10,331
12,562
-
7,979| ||38,931
31,380| Deferred income 2022 is in respect of grant receivable in advance, repaid before yearend 2023, before it was recognised as income. ## **15. Financial instruments** |**15. Financial instruments**|| |---|---| ||2023
2022
£
£| |Financial assets
Financial assets measured at fair value through income and expenditure.|| ||106,034
253,237| Financial assets measured at fair value through income and expenditure comprise cash at bank. Growing Well Limited - Trustees’ Report and Financial Statements 2023 28 Notes to the Financial Statements ## **16. Statement of funds** |**16. Statement of funds**|| |---|---| |Current year|Balance at
Income
Expenditure
Transfers
Balance at
1 July 2022
in/out 30 June 2023
£
£
£
£
£| |Unrestricted Funds
Designated Funds
Sizergh site dilapidations
Total 2023
General Funds
General Funds - all funds
Total Unrestricted Funds
Restricted Funds
Anonymous Charitable Trust
CCF - Westmorland Family Trust
Sir John Fisher Foundation
Enterprise Development Fund
Postcode Neighbourhood Trust
Combined Funds <£2k
The National Lottery Community Fund
Churchill Fellowship
The Roselands Trust
Recovery Through Activity - Sizergh
Recovery Through Activity - Sizergh Furness Days
Recovery Through Activity - Tebay
Recovery Through Activity - Tebay Carlisle Days
Horticulture - Sizergh
Catering & Utilities - Sizergh
Westmorland - Tebay Schools
Cumbria Community Fund (CCF)
Restricted Fixed Asset Fund
Fixed Asset Fund
Anonymous
SLLC
Mazars Charitable Trust
Westmorland Limited - Tebay Capital Grant
Horticulture Capital Grants
Total Restricted Funds
Total of Funds|25,000
-
-
25,000
-| ||25,000
-
-
(25,000 )
-| ||131,541
348,234
(474,555 )
13,863
19,083| ||156,541
348,234
(474,555 )
(11,137 )
19,083| ||3,333
-
(3,333 )
-
-
940
-
(940 )
-
-
15,000
15,000
(16,667 )
-
13,333
(283 )
18,750
(16,560 )
-
1,907
-
25,000
-
-
25,000
3,935
-
(3,935 )
-
-
-
110,000
(110,000 )
-
-
-
15,333
(10,000 )
-
5,333
-
7,320
(7,140 )
-
180
14,218
32,250
(46,468 )
-
-
2,500
2,353
(4,853 )
-
-
-
25,250
(21,500 )
-
3,750
-
27,080
(21,495 )
-
5,585
-
3,500
(3,000 )
-
500
-
4,600
(4,600 )
-
-
-
10,158
(507 )
-
9,651
-
500
(500 )
-
-| ||39,643
297,094
(271,498 )
-
65,239| ||64,364
-
(48,038 )
201,175
217,501
15,392
-
-
(15,392 )
-
4,646
-
-
(4,646 )
-
15,000
-
-
(15,000 )
-
-
150,000
-
(150,000 )
-
-
5,000
-
(5,000 )
-| ||99,402
155,000
(48,038 )
11,137
217,501| ||| ||139,045
452,094
(319,536 )
11,137
282,740| ||| ||295,586
800,328
(794,091 )
-
301,823| Growing Well Limited - Trustees’ Report and Financial Statements 2023 Notes to the Financial Statements 29 ## Designated Funds Sizergh site dilapidations - to cover anticipated investment needed to the temporary structures on the existing site. Trustees agreed to transfer this fund to unrestricted reserves during the year. ## Restricted Funds ## _Grants brought forward from:_ CCF - Westmorland Family Community fund – grant for a feasibility study looking at potential site replication. ## _Grants received during the year from:_ The National Lottery Community Fund - Tebay site 22-24 ## Restricted Fixed Asset ## _Grants brought forward from:_ Cumbria County Council - South Lakeland Local Committee, Anonymous funder – capital funding towards site and horticultural equipment. Mazars Charitable Trust – capital funding for a double span polytunnel. ## _Grants received during the year from:_ Westmorland Limited - Tebay set up capital grant Horticulture Capital Grants from Kendal Town Council, The Harold and Alice Bridges Charity and Sylvia Waddilove Foundation. Enterprise Development Fund - therapeutic grower - Tebay Postcode Neighbourhood Trust - towards revenue costs of planned site at Egremont Churchill Fellowship - group development The Roselands Trust - rent - Sizergh Westmorland Limited - working with local schools - Tebay ## Transfers between funds During the year there was also a transfer from unrestricted to restricted Fixed Asset Fund representing the element of capital expenditure not funded by grants and met from reserves. The Fixed Asset Fund continues to reflect the Net Book Value of all assets held by the Charity, as agreed by the Trustees. Cumbria Community Fund (CCF) - minibus running costs - Sizergh Grants towards Sizergh horticulture costs were received from The Hobson Charity and Kendal Town Council. Grants towards Sizergh catering and utilities costs were received from Tesco Community Grants, Asda Foundation, Cumbria County Council. ## - Recovery Through Activity Programme Sizergh Grants brought forward from: Frieda Scott Trust, Sir John Fisher Foundation, Newby Trust, Finn Family Fund, The February Foundation, Anonymous Charitable Trust. Grants received during the year from: Sir John Fisher Foundation, Newby Trust, The Noble Charitable Trust, Evan Cornish Foundation, The Fitton Trust, The Southall Trust and The Nineveh Charitable Trust. Grants specific to delivery of the Furness day of the Recovery Through Activity programme were received from Sir John Fisher Foundation, Cumbria Community Foundation, Lake District Foundation, Bryan Lancaster Trust and The Leigh Trust. ## - Recovery Through Activity Programme Tebay Grants received during the year from CCF - Westmorland Family Community Fund, CRH Charitable Trust, David Family Foundation, CCF - North Cumbria NHS Green Social Prescribing Fund. Grant funding specific to delivery of the Carlisle day of the Recovery Through Activity programme was received from Cumbria CVS. Growing Well Limited - Trustees’ Report and Financial Statements 2023 30 Notes to the Financial Statements ## **16. Statement of funds** (continued) |**16. Statement of funds**(continued|)| |---|---| |Prior year|Balance at
Income
Expenditure
Transfers
Balance at
1 July 2021
in/out 30 June 2022
£
£
£
£
£| |Unrestricted Funds
Designated Funds
Replication Project
Sizergh site dilapidations
Total 2022
General Funds
General Funds - all funds
Total Unrestricted Funds
Restricted Funds
Anonymous Charitable Trust
CLA Charitable Trust
Frieda Scott Charitable Trust
Nineveh Charitable Trust
Henry Oldfield Trust
CCF – Westmorland Family Trust
Sir John Fisher Foundation
Newby Trust
Schroder Charity Trust
The February Foundation
CRH Charitable Trust
CCF – COVID-19 Response Fund
Misses Barrie Charitable Trust
Clark Foundation
The David Brooke Charity
Access - Enterprise Development Fund
Postcode Neighbourhood Trust
Lake District Foundation
The Percy Bilton Charity
Combined Funds <£2k
The Hedley Foundation
Restricted Fixed Asset Fund
Fixed Asset Fund
Harold & Alice Bridges Charity
Anonymous
The Dowager Countess Eleanor Peel Trust
COMF
SLLC
Mazars Charitable Trust
Total Restricted Funds
Total of Funds|65,000
-
-
(65,000 )
-
25,000
-
-
-
25,000| ||90,000
-
-
(65,000 )
25,000| ||104,382
274,227
(304,875 )
57,807
131,541| ||194,382
274,227
(304,875 )
(7,193 )
156,541| ||-
10,000
(6,667 )
-
3,333
-
5,000
(5,000 )
-
-
13,316
13,583
(17,844 )
-
9,055
5,000
-
(5,000 )
-
-
5,000
-
(5,000 )
-
-
5,400
-
(4,460 )
-
940
16,933
15,000
(16,933 )
-
15,000
6,500
-
(6,337 )
-
163
-
5,000
(5,000 )
-
-
-
5,000
-
-
5,000
-
7,500
(7,500 )
-
-
9,393
-
(9,393 )
-
-
-
3,000
(3,000 )
-
-
-
2,000
(2,000 )
-
-
-
2,000
(2,000 )
-
-
4,250
5,010
(9,543 )
-
(283 )
7,167
-
(7,167 )
-
-
2,500
-
-
-
2,500
-
2,550
(2,550 )
-
-
4,464
9,916
(10,445 )
-
3,935
-
2,000
(2,000 )
-
-| ||79,923
87,559
(127,839 )
-
39,643| ||70,894
-
(27,437 )
20,907
64,364
1,500
-
-
(1,500 )
-
20,000
-
-
(4,608 )
15,392
5,000
-
-
(5,000 )
-
-
2,252
-
(2,252 )
-
-
5,000
-
(354 )
4,646
-
15,000
-
-
15,000| ||97,394
22,252
(27,437)
7,193
99,402| ||| ||177,317
109,811
(155,276)
7,193
139,045| ||| ||371,699
384,038
(460,151)
-
295,586| Growing Well Limited - Trustees’ Report and Financial Statements 2023 Notes to the Financial Statements 31 |**17. Summary of funds**
Current year|Balance at
Income
Expenditure
Transfers
Balance at
1 July 2022
in/out 30 June 2023
£
£
£
£
£| |---|---| |Designated funds
General funds
Restricted funds
Restricted funds - Class II
Prior year|25,000
-
-
(25,000 )
-
131,541
348,234
(474,555 )
13,863
19,083
39,643
297,094
(271,498 )
-
65,239
99,402
155,000
(48,038 )
11,137
217,501| ||295,586
800,328
(794,091)
-
301,823| ||Balance
at Income
Expenditure
Transfers
Balance at
1 July 2021
in/out 30 June 2022
£
£
£
£
£| |Designated funds
General funds
Restricted funds
Restricted funds - Class II|90,000
-
-
(65,000 )
25,000
104,382
274,227
(304,875 )
57,807
131,541
79,923
87,559
(127,839 )
-
39,643
97,394
22,252
(27,437 )
7,193
99,402| ||371,699
384,038
(460,151 )
-
295,586| Growing Well Limited - Trustees’ Report and Financial Statements 2023 32 Notes to the Financial Statements ## **17. Summary of funds** (continued) ## Designated Funds Replication Project fund - fund created to cover a proportion of senior management time as replication options are investigated. Sizergh site dilapidations - to cover anticipated investment needed to the temporary structures on the existing site. ## Restricted Funds Frieda Scott Charitable Trust, The Nineveh Trust, Henry Oldfield Trust, Anonymous Trust, CLA Charitable Trust, Schroder Charity Trust, The February Foundation, CRH Charitable Trust, Misses Barrie Charitable Trust and The David Brooke Charity – funding towards running costs of the Recovery Through Activity programme. CCF - Westmorland Family Community fund – brought forward funding towards running costs of the Recovery Through Activity programme and a new grant for a feasibility study looking at potential site replication. Sir John Fisher Foundation – delivery of the Furness day of the Recovery Through Activity programme. Newby Trust – costs associated with the Life Skills training programme. ## Restricted Fixed Asset Funds The Harold and Alice Bridges Charity – to purchase horticultural equipment. Anon/Dowager Eleanor Peel Trust – contribution towards new horticultural building. Cumbria County Council - Containing Outbreak Management Fund (COMF) – capital funding towards a caterpillar polytunnel. Cumbria County Council - South Lakeland Local Committee – capital funding towards site and horticultural equipment. Mazars Charitable Trust – capital funding for a double span polytunnel. ## Transfers between funds During the year there was also a transfer from unrestricted to restricted Fixed Asset Fund representing the element of capital expenditure not funded by grants and met from reserves. The Fixed Asset Fund continues to reflect the Net Book Value of all assets held by the Charity, as agreed by the Trustees. CCF - COVID-19 Response fund – funding towards new Commercial Grower. Enterprise Development fund – feasibility study for potential new trading opportunities. Postcode Neighbourhood Trust – funding for Catering Manager’s salary. Lake District Foundation Small Grants fund – funding to run farm visits for young people. Clark Foundation – funding towards the cost of essential growing materials and equipment. The Percy Bilton Charity – funding for horticultural power tools and equipment. The Hedley Foundation – funding towards the cost of horticultural materials. Growing Well Limited - Trustees’ Report and Financial Statements 2023 Notes to the Financial Statements 33 ## **18. Analysis of net assets between funds** |Current year|Unrestricted
Restricted Restricted fixed
Total
funds 2023
funds 2023
assets 2023
funds 2022
£
£
£
£
-
-
217,501
217,501
58,014
65,239
-
123,253
(38,931 )
-
-
(38,931 )
19,083
65,239
217,501
301,823
Unrestricted
Restricted
Total
Total
funds 2022
funds 2022
funds 2022
funds 2022
£
£
£
£
-
-
64,365
64,365
179,942
47,622
35,037
262,601
(23,401 )
(7,979 )
-
(31,380 )
156,541
39,643
99,402
295,586| |---|---| |Tangible fixed assets
Current assets
Creditors due within one year
Total
Prior year|| |Tangible fixed assets
Current assets
Creditors due within one year
Total|| ## **19. Pension commitments** The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £24,146 (2022 - £15,468). At the year end date £2,990 (2022 - £2,011) was payable to the fund and is included in creditors. ## **20. Operating lease commitments** At 30 June 2023 the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows: |leases as follows:|| |---|---| ||2023
2022
£
£
7,320
7,320
3,050
10,370
10,370
17,690| |Not later than 1 year
Later than 1 year and not later than 5 years|| At the year end date the balance outstanding on leases related to the charity’s land lease which has been agreed for a period of 5 years to 30 November 2024. On 3 August 2022 the charity entered into a new lease with Westmorland Limited relating to land at Tebay Services. The term of the lease is 6 years and will be at a peppercorn rent per annum (if demanded). Growing Well Limited - Trustees’ Report and Financial Statements 2023 34 Notes to the Financial Statements Growing Well Low Sizergh Farm, Kendal, Cumbria LA8 8AE www.growingwell.co.uk Growing Well Ltd is a Registered Charity in England and Wales, No. 1182018