Report of Trustees and Annual Accounts July 2023 – June 2024 

Growing Well Limited is a Registered Charity in England and Wales Charity Number 1182018    Company Number 11446092 



## **Contents** 

2 




**----- Start of picture text -----**<br>
Income Stream Analysis<br>2024 £1,136k<br>1%<br>8% 14%<br>77%<br>2023 £800k<br>1%<br>7% 13%<br>79%<br>Donations<br>Grants<br>Charitable Activities<br>Other Trading Activities<br>**----- End of picture text -----**<br>


## 1 **Executive Summary** 

## Our **financials** 

- Income increased due to funding for new Egremont site 

- Expenditure increased to set up and staffing of new site 

- Increase in net surplus of income over expenditure v 2023 

- Unrestricted reserves increased to £58k 

||2024|2023|Change|
|---|---|---|---|
||£K|£K|£K|
|Income|1,136|800|336|
|Expenditure|925|794|131|
|Net Surplus/(Deficit)|211|6|205|
|Reserves|58|19|39|
|Designated Funds|0|0|0|
|Unrestricted Funds|58|19|39|
|Staf|24|20|4|
|Staf (FTE)|17|16|1|



Executive Summary - Our Financials 

3 




**----- Start of picture text -----**<br>
Our  impact<br>**----- End of picture text -----**<br>


Individuals supported: Therapeutic days delivered: **Kendal 293 Kendal 190 Tebay 219 Tebay 182 West Cumbria 18** 

|**Kendal**<br>**293**<br>**Tebay**<br>**219**||**Kendal**<br>**Tebay**<br>**West Cumbria**|**190**<br>**182**<br>**18**|
|---|---|---|---|
|Individuals engaged||||
|(6+ weeks):||Average attendance:||
|**Kendal**|**98**|**Kendal**|**67%**|
|**Tebay**|**99**|**Tebay**|**68%**|
|**West Cumbria**|**19**|**West Cumbria**|**67%**|



|Individual attendances|Individual attendances|
|---|---|
|to day service:||
|**Kendal**|**1,337**|
|**Tebay**|**990**|
|**West Cumbria**|**56**|



_Growing Well West Cumbria opened April 2024._ 

4 Executive Summary - Our Impact 




68% made a **significant step change in their wellbeing** whilst with us. (Warwick and Edinburgh Mental Wellbeing Survey) 

**Gender split of beneficiaries:** Male 55% Female 44% Non-binary 1% 

94% felt **a greater sense of purpose** as a result of coming to Growing Well. 

**Age demographics:** 18-30 27% 31-50 28% 51-70 38% 70+ 7% 



92% of beneficiaries say that coming to Growing Well has **had a positive effect on their mental health** . 

94% **felt valued, accepted** and not judged. 


95% **felt challenged, in a positive way** . 

3,477 **Crop Share bags** distributed within our community. 

97% reported **learning and developing more transferrable skills** whilst at Growing Well. 

(minimum 8 items of organic fruit and veg) 

Over **100,000 seedlings** produced by our beneficiaries. 



5,302 **hot, healthy meals provided** to beneficiaries. (Kendal and Tebay only) 

3,620 **additional day visitors to our sites** , benefiting from our expertise in horticulture and mental health. (non-mental health/general population health) 

Executive Summary - Our Impact 

5 



## Quotes from **our beneficiaries** 

6 Quotes from Our Beneficiaries 




## Our **future** 

Having resourced a new team and opened our Egremont site in the last financial year, our focus for the coming year will be consolidation. Importantly, due to our recent growth we will be able to support the recovery of 30% more beneficiaries this year than last. 

For the first time ever, and in a pioneering move for the national mental health and green care sectors, we now have three sites in three different geographies operating the same clinically-led therapeutic model. 

The data we can now collect in support of our work, using national data set approved frameworks, has the power to influence the transformation of mental health systems and services in the UK. 

However, the rapid growth of our charity from one to three sites in 2 years has come at a significant cost and, to continue with our mission safely, we must now build back our reserves after a heavy period of investment. 

Our 70% reliance on trusts and foundations presents a substantial risk to the charity, and our growing role in supporting NHS systems and services, we believe, will present a possible, viable answer to the financial challenges we face. 

Therefore, our greatest priorities this year will be: 

- Underpinning the value of our offer to society by: 

   - Strengthening and further professionalising our datasets with the support of Clinical Psychologists and prestigious academic partners including Lancaster University and University of Cumbria 

   - Developing a stronger value proposition for each of our unique stakeholder audiences, including the NHS 

- Attracting strong national and local investment to achieve 

   - better financial sustainability and build back our reserves by: 

   - Responding to statutory research and commissioning priorities and call outs, leveraging our professional expertise and data sets to secure funding for the work we already do to support the burden on NHS mental health services 

   - Further development of diversified income streams to include: 

   - ° occupational health support for corporate workforces 

   - ° a new earned income stream in tree propagation (Tebay) 

Executive Summary - Our Future 7 




**----- Start of picture text -----**<br>
Mary Smith, CEO, Growing Well and David Peattie, CEO, Nuclear Decommissioning<br>Authority at the official launch of Growing Well West Cumbria, October 2024<br>**----- End of picture text -----**<br>


## Our **supporters** 

“It’s clear that you are doing wonderful work at Growing Well. Thank you for everything you’re doing for our communities.” _Victoria Ellarby, Director of Place Development and Integration, South Cumbria Place-based Partnership_ 

“Many thanks to you all for the very warm welcome you gave yesterday, it was so lovely to meet so many supporters of such a fantastic cause and witness, first hand, your enthusiasm and love for the organisation and all of the wonderful support that it delivers to a great number of people. Really well done!” _Ed Tallis, Director of Delivery at North East and North Cumbria NHS_ 

“Sellafield Ltd are delighted that Growing Well has established a base in West Cumbria.  The organisation has delivered a real step change for its user group in the south of the county and we are delighted that they can start to do that in the west. They have a committed and professional team and we are looking forward to exploring ways we can collaborate with them.” _Alan Rankin, Diversity and Inclusion Lead, Sellafield Ltd_ 

“This truly is a fantastic asset to the local Cumbrian community and as someone who places huge value on mental health, I am delighted that the NDA has been able to be part of supporting such an important service.” 

_David Peattie, CEO, Nuclear Decommissioning Authority_ 

“I am really inspired by the work of the charity and see firsthand the work they do every week from our National Trust base at Sizergh just over the road. It has been a joy to see their clients enjoying the transformative experiences that their work provides, to support clients become volunteers with us, to meet the refugee groups that they host, and to support their veg box scheme.” 

“Congratulations on opening the gates on Growing Well West Cumbria. I’m hugely supportive of your work.” _Josh MacAlister, MP for Whitehaven and Workington_ 

_Dan Taylor, General Manager, South East Cumbria and Morecambe Bay at National Trust_ 

8 Executive Summary - Our Supporters 




## Our **funders** 

Major funders (£25,000 or more) The National Lottery Community Fund The National Lottery Heritage Fund The Henry Smith Charity The Mary Kinross Charitable Trust The Nuclear Decommissioning Authority Copeland Community Funds Lloyds Bank Foundation 

Large grants (£5,000 or more) The Westmorland Family Fund CRH Charitable Trust The Roseland Trust Cumbria CVS Van Neste Foundation Cumbria Community Foundation - South Cumbria & Eden The Hadfield Trust The Sir John Fisher Foundation Frieda Scott Charitable Trust The Dowager Countess Eleanor Peel Trust The Band Trust 

Grants - £1,000 to £5,000 Irving Memorial Trust Hedley Foundation Penrith Town Council John Ashlin Cutforth Charitable Trust The Misses Barrie Charitable Trust The Harold & Alice Bridges Charity Van Neste Foundation Souter Charitable Trust Eric Wright Charitable Trust The Fat Face Foundation Archipelago Choice Ltd Sir Robert McAlpine Fund The D’Oyly Carte Charitable Trust The Percy Bilton Charity The Screwfix Foundation Cumberland Council Community Investment Fund 

Small grants or community organisation donations up to £1,000 

Rank Foundation Marsh Charitable Trust TK Maxx and Homesense Community Fund 3R Charity Douglas Arter Foundation Big Onion CIC Cumbria Soaring Club Community Fund Cumbria Gardens Trust B4RN Growing Singing CIC Bob on Paintings 

## Corporate Supporters 

_We are grateful for the continued support for our work from the management and staff of the following business supporters:_ Thomson Hayton Winkley Hawkshead Relish John Jordan Ltd David Kneale Financial Management Lakeland Ltd The Floralistas The Factory Tap Gan Yam Brewery Lake District Estates Anord Mardix Apogee Corporation Ltd Beetham Nurseries Better Bodies (Workington) Booths Supermarkets British Gypsum Caterite Food and Wineservice Ltd Centre Parcs Whinfell Forest Chester Racecourse Cartmel Racecourse Coley Cottages Co-op Foods Grange Over Sands From The Fields Ginger Bakers H&H Group James Cropper Plc KE Adventure Travel Lovingly Artisan Lyon Equipment Ltd Mitie O’Connor Fencing Ltd Penningtons Tea & Coffee Ltd RAF Engineering Red Bank Coffee Roasters Sainsburys Supermarkets Sellafield Ltd Smurfit Westrock Solomons Europe Ltd The Big Give Trust Ltd Virgin Wines Westmorland Ltd William King Brickwork Solutions Ltd Low Sizergh Farm 

Executive Summary - Our Funders 9 




## 2 **Trustees, officers** and **professional advisers** 

Reference and administrative details of the charity, its trustees and advisers for the year ended 30 June, 2024 

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), Mr S Wren (Finance Trustee), Dr T Watson, Mrs H Duxbury, Prof. J Duxbury OBE (appointed October 2024), Dr A Simper OBE (appointed October 2024), Mr S Brock (resigned October 2024), Dr M Cheesbrough (resigned October 2023) 

Company Secretary: Mrs M I Smith 

Chief Executive Officer: Mrs M I Smith 

Auditor: Lamont Pridmore, Chartered accountants & statutory auditor 136 Highgate, Kendal, Cumbria LA9 4HW 

Bankers: Cooperative Bank PLC PO Box 200, Delf House, Southway, Skelmersdale WN8 6GH 

10 Trustees, Officers and Professional Advisors 



## 3 Message from **the Chair** 

I am very pleased to report that Growing Well has made significant progress in delivering on our stated goal of operating across multiple sites across Cumbria. This has allowed us to support record numbers of beneficiaries on their journey to recovery from severe or medium mental health issues. 

Most importantly I would like to thank all our staff, volunteers and supporters who have enabled us to achieve so much. 

Our site at Tebay was open for the full year and has helped over 200 people so far through the core service and welcomed a further 2000+ day visitors. We’ve also delivered an NHS severe mental health project to support cohorts of people seeking asylum. 

Our third site, in Egremont, opened in April. I would like to thank particularly all our funders, nuclear supply chain volunteers and community volunteers who supported our staff to open. 

Our crop share programme is already operating, we have beneficiaries on site and our redundant town centre location now looking luscious and green, with thousands of visits already received. We have been very encouraged by the welcome we have received from the West Cumbrian community. 

We  enjoyed welcoming all our supporters at the official launch on 1st October. 

Our first site, at Kendal, is now operating as well as ever. We have helped almost 300 people this year. We have widened Sizergh’s geographic reach and the beneficiary base is now coming from the Lancaster and Morecambe areas, in addition to the areas we have historically served, South and Central Lakes and Furness. 

I wrote last year that, with Egremont open, our focus in the short to medium term will be to 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. We have grown volunteer numbers and believe the therapeutic model is as strong as it has ever been. We are developing our data to demonstrate the effectiveness of what we do. 

We have continued to face an extremely challenging funding environment with overall charity sector income having fallen due to the cost-of-living crisis and heavily oversubscribed grants and trusts fundraising channels. 

We were very pleased to welcome Helen Duxbury to our Trustee board. Helen is Development Manager for the Cumbria Wildlife Trust and has decades of experience in charity income. 

We were also delighted with our supporters’ and communities’ response to our 20 year anniversary fundraising. It was wonderful to see how many people were engaged in such a wide variety of initiatives. 

Now the charity is operating across multiple sites, it is clear that in order to be sustainable, we need to develop our “commissioned” income. 

This could be workplaces and employers commissioning occupational health support for their staff or aligning our work with statutory provision to enable us to be contracted or commissioned for our work by the NHS. This means we will be less reliant on one off donations and better able to plan for the longer term. 



Jim Sharp Chair of Trustees 

Message from the Chair 11 



12 Our Purpose, Aims and Objectives 



## 5 Our **Activities, Performance** and **Achievements** 

This section details our activities and achievements during the period to June 2024, with specific reference to the strategic aims outlined in our previous report. 

We are in year two of our three-year plan to achieve proven, replicable, therapeutic and business models (2023-6), prioritising financial stabilisation and ratification of our model. 

We were clear in last year’s report to underline the importance of an unrushed approach to the test and learn period that lay ahead. 

During 2023-4, we have been approached several times to consider further (national) roll out of Growing Well services and sites; some with investment packages attached. Whilst our vision is still for as many communities as possible to benefit from our model of community-based mental health support, we will not be considering further replication during this period. 

## MODEL 

We tasked ourselves with: _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._ 

Every quarter, the proposed therapeutic outcomes of these frameworks are tested, through beneficiary surveys, to review and ensure their relevance. 

We are pleased to report that our survey data across all sites maintains, unanimously, that the proposed outcomes of our service are being achieved. 

This represents the broad outline of our intervention, with the therapeutic process, training and governance requirements and operating procedures all existing as internal documents, to date. 

A significant investment this year has been in the expansion and streamlining of our operational and governance systems under a new IT infrastructure. 

Each Growing Well site now has its own unique portal for recording, reporting and learning, supported with a site-specific therapeutic database, which maps individual and collective beneficiary mental health outcomes. 

Our thanks to Stream Computer Services and Richard Hancock for their support and expertise in this area. 

Growing Well now has established and published Theory of Change and Logic Model documents, which are used internally and externally to guide our approach, our work and our decision making. 

## Growing Well Logic Model 

_Target Group: People experiencing mental ill health, severely affecting their everyday living, socialising and work._ 


**----- Start of picture text -----**<br>
Outcomes for<br>Activities Quality Delivery Change Mechanisms Impact<br>Beneficiaries<br>At Growing Well we: Feeling belonging   Increased self-esteem<br>Supported commercial  Run a caring, equitable service  and part of a team and confidence<br>growing activities and recognise the scope of<br>Growing Well provision.<br>Train our staff to provide a safe   Increased<br>and supported environment. Feeling valued   social inclusion<br>and listened to<br>Signposting Operate a whole team approach   More people<br>with a staff who are calm,<br>consistent and considered. Better/balanced   with the life skills<br>emotional resilience<br>Set boundaries around on-site  Feeling accepted   to maintain better<br>behaviour and set expectations   and not judged mental health<br>Development & monitoring   for all volunteers to participate.  Increased<br>of growing & catering skills Provide structure and routine   sense of purpose<br>to each day. Feeling achievement<br>Operate a strengths-based  and a sense of purpose<br>Increased agency<br>approach, trusting volunteers<br>Goal setting   to take responsibility. and empowerment<br>and monitoring Continually check the evolving  Feeling safe<br>needs of our volunteers -   and secure Progression towards<br>positive challenges and change  personal life goals<br>are part of our approach.<br>Are a progressive service that<br>Supported transitions encourages people to move on. Feeling positively   Increased vocational and<br>challenged transferrable life skills<br>**----- End of picture text -----**<br>


Our Activities, Performance and Achievements 13 



## 5 Our **Activities, Performance** and **Achievements** 

## IMPACT 

Our 2023-6 goal is to have: _Three years’ evidence of impact data across three sites, extrapolated and reviewed internally and externally, through academic peer review._ 

Since the interruption of COVID-19 and site closures, we have steadily been building our data set at Kendal since 2021. After Growing Well at Tebay Services opened in January 2023, we now have over one year’s worth of data from the new service there. Data at our newly opened Egremont site is only just starting to be collected. 

Our site teams collect the following data sets: 

- Engagement and attendance data of all participants (core beneficiaries, day session attendees, groups and partners) 

- Demographic information of all participants 

- Horticultural skills logs, tracking vocational and life skills attained by each participant, recorded against more than 200 individual skills 

- Wellbeing and mental health outcomes data for all core beneficiaries, measured against NHS national data set approved frameworks (Goals Based Outcomes and Warwick and Edinburgh Mental Wellbeing Survey) 

- Statistics on number and diversity of native tree species produced 

- Quarterly satisfaction surveys with core beneficiaries 

- Exit surveys and longitudinal wellbeing data (3, 6 and 12 months post-exit) 

Beneficiaries are invited to view their personal data and progress in a 1:1 session, once every six weeks, with a Mental Health Support Coordinator. The data helps to provoke conversations around goal setting, any additional needs the beneficiary may be expressing, areas where support or more challenge is required, and how to support transitions to more and other external opportunities in our communities. 

Our data from all sites is pulled together and reported on by skilled Support Volunteer, Hilary Thomas. Many thanks to Hilary for all your hard work in this area. 

During 2023-4, we have not been in a position to re-recruit the vacant Clinical Psychologist position to our Senior Leadership Team. This role was originally (2022) charged with managing and extrapolating our data sets, providing professional therapeutic guidance to staff and supervising DCl in Psych PhD students to gather and report on quantitative and qualitative data surrounding our intervention. 

This work has been supported by our therapeutic trustee, Dr Tessa Watson, and we are pleased to announce that an operational role will join the team in September 2024, on a fixed term contract. 

From September onwards, our partnership with Lancaster University will be formalised as we welcome two PhD students to study and work at Growing Well, supporting the further extrapolation of our hard data, mapping this to qualitative outcomes and contributing to the national picture around governance and training requirements to deliver green care to mental health cohorts. 

The peer review and publishing of Growing Well data sets will be a significant achievement for our charity and we aim to achieve this within the 2023-6 test and learn period. We are convinced that this will support our campaign to achieve contracted or commissioned partnerships with our statutory counterparts. 

## INCOME 

In 2023, we proposed: 

- _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_ 

We successfully reformatted our budgets in 2023/4, decentralising around 10% to individual site level and upskilling our site Managers and Office Coordinators to contribute resource to this work. 

Other than Egremont, which is still in its development funding period, we have struggled to achieve grant funding targets at individual site level, consistently, all year. This situation has been managed carefully and mitigated, where possible, with larger group applications. 

Further, the achievement of corporate and community funding has been very challenging due, in no small part, to the cost of living crisis. 

- _Achieving statutory funding through commissioning or contracting, to support our work_ 

Our strategic work has been focused on the development of new relationships with statutory bodies and representatives in our new NHS Trust (Cumbria, Northumberland, Tyne and Wear NHS Foundation) and Council (Cumberland) areas, whom we have only become geographically relevant to since the opening of our two new sites. We have done well at developing new strategic relationships but this investment will take longer to generate new income streams. 

We have been successful in 2023-4, in achieving some small statutory funding awards to support our work. These were in the areas of green social prescribing (Tebay, £5,000) and a severe mental health partnership project supporting people seeking asylum (Tebay, £20,000). 

In February of this year, our CEO, Mary, was invited to Newcastle to meet with Amanda Pritchard, CEO of NHS England. This presented an opportunity to discuss community based mental health services in our area and underpin the need for financial support for our work. 

14 Our Activities, Performance and Achievements 



_- Development and sale of consultancy/skilled services_ 

Our greatest urgency in income generation has been to secure the major funds associated with our new sites. The Egremont funding package was released in Autumn of 2023. We have also been prioritising continuation grant funding for our Tebay site, whose initial development funding from The National Lottery Community Fund finished in July 2024. 

Secondary to this priority, we have given considerable time to our offer to corporate partners, particularly in the area of occupational health and supporting staff to stay in, or return to, work. The opportunity for this is focused on the larger employers in Cumbria. The nuclear industry in West Cumbria, and its accompanying supply chain, is a target market for this work. 

## GOVERNANCE 

For 2023-6, we’ve committed to: _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]_ 

Our trustee board and its working groups (Finance, Therapeutic and Income Generation) hold our operational teams accountable for our progress against our 2023-6 plan. 

The implementation of our IT infrastructure has also been supported with investment in a new financial system, incorporating integrations that support our Customer Relationship Management, income generation and HR functions, as well as our key financial processes. 

Our financial systems are now refined and have been developed to support each site, individually, plus our central function, efficiently and safely. Thanks to Financial Controller, Cat James, and Finance Trustee, Stewart Wren, for all their hard work. 

Our therapeutic governance is very strong. We are clinicallygoverned and led, with external support from professional supervisors, and exemplary reporting and recording systems, as well as our comprehensive impact database. 

## POSITIONING 

We agreed in 2023 that a major priority for us was: A refined narrative, which offers a clear and compelling service proposition that can be understood by, and enthuse, a wider (national) audience. 

Our move from one site to three has pre-empted revisions to our marketing outreach, to ensure we are engaging people in three different geographies in a way that resonates with them. 

In Spring 2024, we enlisted the support of Altogether Creative (Newcastle) to support a significant value proposition and brand guidelines project, segmenting our key audiences with a view to refining and agreeing a relevant narrative approach to each: 

- A universal (core) proposition 

- Beneficiaries 

- Commissioners and funders 

- Commercial (crop) customers 

- Supporters and partners 

- Staff 

This work involved extensive stakeholder consultation, including beneficiaries and volunteers of the charity, staff and trustees, current and prospective funders (including commissioners), contractors and other mental health sector experts. 

Initial results have been shared with all stakeholders and we are now delivering on a plan to embed this work in all external and internal outreach, including making significant improvements to our website. 

The creation of brand guidelines will help us to work with partners in our communities to ensure clear and professional messaging about our service that is understandable and prioritises our key messages around mental health. 

The work will conclude in December 2024 and be rolled out in early 2025. 

We have now completed most of the governance work that will contribute to a strong case for a trauma informed Quality Mark. We will undertake this registration in 2024-5, with support from the DClin Psych PhD students from Lancaster University. 

> _1 https://onesmallthing.org.uk/quality-mark_ 

Our Activities, Performance and Achievements 

15 




## 6 **Future plans** 

We are part way through our three-year plan to deliver proven and replicable therapeutic and business models (2023-26). In financial year 2024-5, our work will advance in these ways: MODEL 

- Further advancement of our therapeutic model, working with Clinical Psychologists and Clinical Psychology PhD students to map our therapeutic activity and mental health support against recognised and evidence-based psychosocial interventions 

## IMPACT 

- Strengthening and further professionalising our datasets with the support of prestigious academic partners including Lancaster University 

## INCOME 

- Attracting strong national and local investment to achieve better financial sustainability and build back our reserves by: 

   - Responding to statutory research and commissioning priorities and call outs, leveraging our professional expertise and data sets to secure funding for the work we already do to support the burden on NHS mental health services 

- Further development of diversified income streams to include: 

- occupational health support for corporate workforces 

- a new earned income stream in tree propagation (Tebay) 

## GOVERNANCE 

- In 2024-5, we have appointed two new trustees, who will 

- prioritise: 

   - Mental health research and practice excellence 

   - West Cumbrian business and community networks 

- Continuing to work towards our Trauma-Informed Quality Mark 

## POSITIONING 

- Investing resource in making closer links with NHS and 

   - commissioning routes, responding to their needs and explaining how we already respond to gaps in their services 

- Developing a strong value proposition for each of our unique stakeholder audiences (to include beneficiaries, fruit and veg customers, funders and commissioners, supporters and donors), which will include: 

   - Website improvements 

   - Brand guidelines and updated marketing material 

16 Future Plans 




## 7 **Structure, Governance** and **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. 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_ Mitigation: 

- New, wider, geographical reach and 30% greater impact across Cumbria – new, group-wide funding opportunities to be prioritised 

- Fundraising diversification to incorporate: 

- Closer alignment with NHS commissioning 

- Corporate occupational health – commercial income stream 

- New, earned income project at Tebay (trees) 

## _2. Succession of key roles_ 

Mitigation: 

- Trustee recruitment (summer 2024) 

- Strengthening of Senior Leadership team with clear schemes of delegation 

## _3. Sustainable funding model not achieved_ 

Mitigation: 

- Fundraising diversification 

- Investment in key skills to support income generation and diversification 

Structure, Governance and Management 

17 




**----- Start of picture text -----**<br>
Volunteers at Growing Well Tebay Services.<br>**----- End of picture text -----**<br>


## 7 Financial **Review** 

## Results for the year 

Over the past 12 months, Growing Well has continued to grow, benefiting from the full establishment of a third site at Egremont and the operational expansion of its second site at Tebay. Having opened the Egremont site in 2024, alongside the first full year of operations at the Tebay site, income has increased significantly. Total income for 2024 reached £1,136,721, compared to £800,328 in the previous year. 

The charity’s expansion has been supported by generous grant funding, particularly for the development of the Egremont site, alongside continued support for the Tebay and Sizergh sites. Capital grants totalled £226,393 for the year, with the majority (£216,602) designated for the setup of Egremont, and additional funding for both Tebay (£7,116) and Sizergh (£2,675). This support has enabled us to continue delivering services to our beneficiaries while increasing capacity. 

## VAT Registration and Financial Impact 

A key change in 2024 was Growing Well’s registration for VAT in June. This has introduced a VAT refund due of £52,690 on the year’s accounts. This reclaim presents an opportunity to reduce costs moving forward, especially given the zero rated nature of our core agricultural activities. 

## Expenditure and Reserves 

Trustees and the senior leadership team have maintained a focus on cost control; however, expenditure has still risen to £925,276 from £794,091 in 2023, driven by the setup and operations of the Egremont site, the full-year operation of the Tebay site, and increased staffing costs. Despite these rising costs, the charity has continued to maintain financial stability, with a net movement in funds of £211,445 for 2024, a significant improvement on the previous year’s £6,237. 

## Capital Investments and Asset Growth 

Capital expenditure and investment in new infrastructure at the new Egremont site was a key focus during 2024. 

These investments have reduced the charity’s liquid reserves, as funds were transferred into tangible fixed assets. Total funds carried forward increased to £513,268 from £301,823 in 2023. 

## Income Growth and Diversification 

Growing Well continues to make significant progress in diversifying its income streams. Sales from crops have increased, largely driven by the Tebay site’s full year of operation alongside a growth in wholesale activities at Sizergh. This is expected to grow further as Egremont’s activities scale up in the coming year. While we are actively seeking to diversify our income streams, the charity remains highly dependent on donations and grant funding to cover core costs and support future growth. 

18 Financial Review 



We are incredibly grateful to our donors and grant funders, without whose support the work we do would not be possible. The charity’s ability to generate income from its agricultural operations is an encouraging step towards long-term financial resilience, but external funding continues to play a crucial role in sustaining our operations. 

## Looking Forward 

The trustees and senior leadership team are committed to further developing our financial sustainability by exploring new income streams and reducing reliance on grant funding. We remain grateful to all our supporters, funders, and partners, without whom our work would not be possible. Our aim is to continue providing high-quality services to our beneficiary volunteers while ensuring the long-term resilience of the charity. 

## 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 £58,046, this is an improvement on the previous year but still 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. 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. 

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. 

Each of the persons who is a trustee at the date of approval of this report confirms that: 

- So far as they are aware, there is no relevant audit information of which the charity’s auditor is unaware; and 

- They have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity’s auditor is aware of that information. 

After the year end a resolution proposing that Lamont Pridmore are reappointed as auditor of the company in accordance with section 487 of the Companies Act 2006 was passed. 

## Small Company Provisions 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. 

Approved by order of the members of the board of Trustees on 16[th] December 2024 and signed on their behalf by: 

## 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. 


Mr J Sharp (Chair) 

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); 

- 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; 

Financial Review 19 



## 9 **Independent Auditor’s Report** 

## GROWING WELL LIMITED 

## COMPANY LIMITED BY GUARANTEE 

## INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GROWING WELL LIMITED 

## YEAR ENDED 30[th] JUNE 2024 

## Opinion 

We have audited the financial statements of Growing Well Limited (the ‘charity’) for the year ended 30[th] June 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the charity’s affairs as at 30[th] June 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## Basis for opinion 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## Conclusions relating to going concern 

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## Other information 

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## Opinions on other matters prescribed by the Companies Act 2006 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the trustees’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the trustees’ report has been prepared in accordance with applicable legal requirements. 

## Matters on which we are required to report by exception 

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit; or 

- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report. 

20 Independent Auditor’s Report 



## Responsibilities of trustees 

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. 

## Auditor’s responsibilities for the audit of the financial statements 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

The objectives of our audit in respect of fraud are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company. 

Our approach was as follows: 

- We obtained an understanding of the legal and regulatory requirements applicable to the charitable company and considered that the most significant are: 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) - (Charities SORP (FRS 102)), FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice) and the Companies Act 2006. 

- We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur. 

- We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations. 

- We examined supporting documents for all material balances, transactions and disclosures. 

- We applied analytical procedures to identify any unusual or unexpected relationships. 

- We tested the appropriateness of journal entries recorded in the general ledger and other adjustments made in the preparation of the financial statements. 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards.  For example, the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. 

In addition, as with any audit, there remained a higher risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls.  Our audit procedures are designed to detect material misstatement.  We are not responsible for preventing non-compliance or fraud and cannot be expected to detect noncompliance with all laws and regulations. 

Independent Auditor’s Report 21 



## 9 **Independent Auditor’s Report** (continued) 

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: 

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. 

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. 

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. 

- Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern. 

## Use of our report 

This report is made solely to the charity’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed. 


## Christopher Lamont BSc FCA _(Senior Statutory Auditor)_ 

For and on behalf of: 

Lamont Pridmore Chartered accountants & statutory auditor 136 Highgate Kendal Cumbria LA9 4HW 

Date: 16[th ] December, 2024 

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 

22 Independent Auditor’s Report 



## 10 **Statement of Financial Activities** 

(Incorporating Income and Expenditure Account) For The Year Ended 30 June 2024 

|Note|Unrestricted<br>Restricted<br>Fixed asset<br>Total<br>_Total_<br>funds 2024<br>funds 2024<br>fund 2024<br>funds 2024<br>_funds 2023_<br>£<br>£<br>£<br>£<br>_£_|
|---|---|
|Income from:<br>Donations and grants<br>3<br>Charitable activities<br>4<br>Other trading activities<br>5<br>Investments<br>6<br>Other<br>7<br>Total income<br>Expenditure on:<br>Raising funds<br>8<br>Charitable activities<br>9<br>Total expenditure<br>Net (expenditure)/income<br>Transfers between funds<br>17<br>Net movement in funds<br>Reconciliation of funds:<br>Total funds brought forward<br>Net movement in funds<br>Total funds carried forward|371,649<br>436,183<br>226,393<br>1,034,225<br>_735,098_<br>86,780<br>-<br>-<br>86,780<br>_58,773_<br>10,650<br>-<br>-<br>10,650<br>_5,430_<br>158<br>-<br>-<br>158<br>_1,027_<br>4,908<br>-<br>-<br>4,908<br>_-_|
||474,145<br>436,183<br>226,393<br>1,136,721<br>_800,328_|
||90,401<br>-<br>-<br>90,401<br>_71,824_<br>387,011<br>374,162<br>73,702<br>834,875<br>_722,267_|
||477,412<br>374,162<br>73,702<br>925,276<br>_794,091_|
||(3,267 )<br>62,021<br>152,691<br>211,445<br>_6,237_<br>42,230<br>-<br>(42, 230 )<br>-<br>_-_|
||38,963<br>62,021<br>110,461<br>211,445<br>_6,237_|
||19,083<br>65,239<br>217,501<br>301,823<br>_295,586_<br>38,963<br>62,021<br>110,461<br>211,445<br>_6,237_|
||58,046<br>127,260<br>327,962<br>513,268<br>_301,823_|



The Statement of Financial Activities includes all gains and losses recognised in the year. 

The notes on pages 26 to 40 form part of these financial statements. 

Statement of Financial Activities 23 



## 11 **Balance sheet** 

for the Year Ended 30[th] June 2024 

|Note||2024<br>£||_2023_<br>_£_|
|---|---|---|---|---|
|Fixed assets<br>Tangible assets<br>13<br>Current assets<br>Debtors<br>14<br>Cash at bank and in hand<br>Creditors: amounts falling due<br>15<br>within one year<br>Net current assets<br>Net assets excluding pension asset<br>Charity funds<br>Restricted funds:<br>Restricted funds<br>17<br>Fixed asset fund<br>17<br>Total restricted funds<br>17<br>Unrestricted funds<br>17<br>Total funds|162,116<br>75,965<br>238,081<br>(51,189 )<br>127,260<br>327,962|326,376<br>326,376<br>186,892<br>513,268<br>513,268<br>455,222<br>58,046<br>513,268|_17,219_<br>_106,034_<br>_123,253_<br>_(38,931 )_<br>_65,239_<br>_217,501_|_217,501_<br>_217,501_<br>_84,322_<br>_301,823_<br>_301,823_<br>_282,740_<br>_19,083_<br>_301,823_|



The trustees have determined that an audit is required under Section 144 of the Charities Act 2011  in accordance with Section 475 of the Companies Act 2006. As such, these financial statements have been audited by an independent auditor as required by law. 

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 

Chair of Trustees 


Date: 16[th ] December, 2024 

The notes on pages 26 to 40 form part of these financial statements. 

24 Balance Sheet 



## 12 **Statement of Cash Flows** 

for the Year Ended 30[th] June 2024 

|Cash flows from operating activities<br>Note||2024<br>£||_2023_<br>_£_|
|---|---|---|---|---|
|Net cash provided by<br>22<br>(used in) operating activities<br>Cash flows from investing activities<br>Proceeds from sale of fixed assets<br>Purchase of fixed assets<br>Net cash provided by (used in) investing activities<br>Cash flows from financing activities<br>Net cash provided by (used in) financing activities<br>Net increase/(decrease) in cash and cash equivalents<br>Cash and cash equivalents at beginning of year<br>Cash and cash equivalents at end of year<br>23|7,000<br>(236,812 )|199,743<br>(229,812 )<br>-<br>(30,069 )<br>106,034<br>75,965|<br>_-_<br>_(201,175 )_|_53,972_|
|||||_(201,175 )_|
|||||_-_<br>_(147,203 )_|
|||||_253,237_|
|||||_106,034_|



The notes on pages 26 to 40 form part of these financial statements. 

Statement of Cash Flows 25 



## 13 **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. 

The charitable company meets the definition of a public benefit entity under FRS 102. 

## **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 of 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 consider that there are no material uncertainties and so 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 Donated Services 

As the value of service provided to the charity by volunteers cannot be quantified, they have not been included in these accounts. 

## 2.5 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 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. 

## 2.6 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. 

## 2.7 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. 

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_ 

26 Notes to the Financial Statements 



## 2.8 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. 

## 2.9 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. 

## 2.10 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. 

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. 

## 2.11 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. 

## 2.12 Operating leases 

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term. 

## 2.13 Pensions 

## 2.14 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. 

## 2.15 Critical accounting estimates and judgements 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## _Significant Judgements and Key Sources of Estimation Uncertainty_ 

The most significant judgement made in applying the accounting policies is the determination of whether there are indicators of impairment on the tangible fixed assets. Factors taken into consideration include the economic viability and expected future financial performance of the assets. 

Tangible fixed assets are depreciated over their useful economic life taking into account their residual values. Actual lives of assets and residual values are assessed annually, in re-assessing asset lives factors such as technological innovation and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal value. 

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. 

Notes to the Financial Statements 27 



## **3. Income from donations and grants** 

||Unrestricted<br>Restricted<br>Fixed asset<br>Total<br>_Total_<br>funds 2024<br>funds 2024<br>fund 2024<br>funds 2024<br>_funds 2023_<br>£<br>£<br>£<br>£<br>_£_|
|---|---|
|Donations and legacies<br>Grants<br>Total 2024<br>_Total 2023_|146,91 9<br>11,500<br>-<br>158,419<br>_106,472_<br>224,730<br>424,683<br>226,393<br>875,806<br>_628,626_|
||371,649<br>436,183<br>226,393<br>1,034,225<br>_735,098_|
||_283,004_<br>_297,094_<br>_155,000_<br>_735,098_|



## Analysis of grant income 

||Unrestricted<br>Restricted<br>Total<br>_Total_<br>funds 2024<br>fund 2024<br>funds 2024<br>_funds 2023_<br>£<br>£<br>£<br>_£_|
|---|---|
|Growing<br>Volunteer Support<br>Catering<br>Business Development<br>Other grant income<br>Capital Funding<br>Total 2024<br>_Total 2023_|-<br>6,000<br>6,000<br>_22,250_<br>-<br>397,114<br>397,114<br>_34,433_<br>-<br>4,200<br>4,200<br>_4,600_<br>-<br>7,667<br>7,667<br>_15,333_<br>224,730<br>9,702<br>234,432<br>_397,010_<br>-<br>226,393<br>226,393<br>_155,000_|
||224,730<br>651,076<br>875,806<br>_628,626_|
||_196,440_<br>_432,186_<br>_628,626_|



## **4. Income from charitable activities** 

||Unrestricted<br>Total<br>_Total_<br>funds 2024<br>funds 2024<br>_funds 2023_<br>£<br>£<br>_£_|
|---|---|
|Fees from engagement activities<br>Catering income<br>Growing retail - Crop Share<br>Growing wholesale<br>Total 2024<br>_Total 2023_|5,833<br>5,833<br>_900_<br>-<br>-<br>_860_<br>47,314<br>47,314<br>_46,680_<br>33,633<br>33,633<br>_10,333_|
||86,780<br>86,780<br>_58,773_|
||_58,773_<br>_58,773_|



28 Notes to the Financial Statements 



## **5. Income from other trading activities** 

Income from non-charitable trading activities 

|**5. Income from other trading activities**<br>Income from non-charitable trading activities||
|---|---|
||Unrestricted<br>Total<br>_Total_<br>funds 2024<br>funds 2024<br>_funds 2023_<br>£<br>£<br>_£_|
|Other trading activity income<br>Fundraising Events<br>Total 2024<br>_Total 2023_|7,946<br>7,946<br>_2,606_<br>2,704<br>2,704<br>_2,824_|
||10,650<br>10,650<br>_5,430_|
||_5,430_<br>_5,430_|



## **6. Investment income** 

|**6. Investment income**||
|---|---|
||Unrestricted<br>Total<br>_Total_<br>funds 2024<br>funds 2024<br>_funds 2023_<br>£<br>£<br>_£_|
|Investment income<br>_Total 2023_|158<br>158<br>_1,027_|
||_1,027_<br>_1,027_|



## **7. Other income** 

|**7. Other income**||
|---|---|
||Unrestricted<br>Total<br>_Total_<br>funds 2024<br>funds 2024<br>_funds 2023_<br>£<br>£<br>_£_|
|Gain on sales of assets<br>_Total 2023_|4,908<br>4,908<br>_-_|
||_-_<br>_-_|



## **8. Expenditure on raising funds** 

Fundraising trading expenses 

|**8. Expenditure on raising funds**<br>Fundraising trading expenses||
|---|---|
||Unrestricted<br>Restricted<br>Total<br>_Total_<br>funds 2024<br>fund 2024<br>funds 2024<br>_funds 2023_<br>£<br>£<br>£<br>_£_|
|Event costs<br>Other fundraising costs<br>Wages and salaries<br>Total 2024<br>_Total 2023_|561<br>-<br>561<br>_455_<br>3,654<br>-<br>3,654<br>_2,644_<br>86,186<br>-<br>86,186<br>_68,725_|
||90,401<br>-<br>90,401<br>_71,824_|
||_71,824_<br>_-_<br>_71,824_|



Notes to the Financial Statements 29 



## **9. Analysis of expenditure on charitable activities** 

## Summary by fund type 

|Summary by fund type|||
|---|---|---|
|||Unrestricted<br>Restricted<br>Total<br>_Total_<br>funds 2024<br>funds 2024<br>funds 2024<br>_funds 2023_<br>£<br>£<br>£<br>_£_|
|Charitable operations<br>_Total 2023_<br>Summary by expenditure type|Staf Costs<br>2024|460,713<br>374,162<br>834,875<br>_722,267_|
|||_450,769_<br>_271,498_<br>_722,267_<br>Depreciation<br>Other costs<br>Total<br>_Total_<br>2024<br>2024<br>2024<br>_funds 2023_<br>£<br>£<br>£<br>_£_|
|Charitable operations<br>_Total 2023_|527,735|73,702<br>233,438<br>834,875<br>_722,267_|
||_491,503_|_48,038_<br>_182,726_<br>_722,267_|



## **10. Analysis of expenditure by activities** 

|**10. Analysis of expenditure by activities**|**10. Analysis of expenditure by activities**|**10. Analysis of expenditure by activities**|
|---|---|---|
|Activities undertaken<br>Support<br>Total<br>_Total_<br>directly 2024<br>costs 2024<br>funds 2024<br>_funds 2023_<br>£<br>£<br>£<br>_£_|||
|Charitable operations<br>_Total 2023_<br>Analysis of direct costs|728,515<br>106,360<br>834,875<br>_722,267_||
||_590,626_<br>_131,641_<br>_722,267_<br>Charitable<br>Total<br>_Total_<br>operations 2024<br>funds 2024<br>_funds 2023_<br>£<br>£<br>_£_||
|Staf costs<br>Depreciation<br>Growing costs<br>Volunteer support<br>Catering<br>Training and Education<br>Site costs<br>Administraion support costs<br>PR and Marketing<br>Governance<br>Total 2024<br>_Total 2023_<br>The governance figure above includes audit fees as detailed below:||459,102<br>459,102<br>_395,322_<br>73,702<br>73,702<br>_48,038_<br>47,069<br>47,069<br>_23,216_<br>36,564<br>36,564<br>_23,290_<br>-<br>-<br>_8,051_<br>-<br>-<br>_1,712_<br>29,642<br>29,642<br>_23,518_<br>54,169<br>54,169<br>_50,037_<br>20,230<br>20,230<br>_11,714_<br>8,037<br>8,037<br>_5,728_|
|||728,515<br>728,515<br>_590,626_|
|||_590,626_<br>_590,626_<br>2024<br>_2023_<br>£<br>_£_|
|Audit fees||8,000<br>_-_|



30 Notes to the Financial Statements 



## Analysis of support costs 

|Analysis of support costs||||
|---|---|---|---|
||Charitable|Total|_Total_|
||donations 2024|funds 2024|_funds 2022_|
||£|£|_£_|
|Staf costs|68,633|68,633|_96,181_|
|Management and admin costs|12,684|12,684|_6,210_|
|Professional fees|23,080|23,080|_28,307_|
|Bank and finance charges|1,963|1,963|_943_|
|Total 2024|106,360|106,360|_131,641_|
|_Total 2023_|_131,641_|_131,641_||
|The professional fees figure above includes fees paid to the auditor in respect of payroll services as detailed||below:||
|||2024|_2023_|
|||£|_£_|
|Payroll service fees||1,295|_200_|



## **11. Staff costs** 

|**11. Staf costs**||
|---|---|
||Total 2024<br>_Total 2023_<br>£<br>_£_|
|Wages and salaries<br>Social security costs<br>Contribution to defined contribution pension schemes<br>During the year redundancy payments of £2,894 were paid (2023 - £NIL).<br>The average number of persons employed by the Charity during the year was as follows:|543,144<br>_495,739_<br>43,536<br>_40,343_<br>27,241<br>_24,146_|
||613,921<br>_560,228_|
||2024<br>_2023_<br>No.<br>_No._|
|Staf<br>The F.T.E. of persons employed by the Charity during the year was as follows:|24<br>_20_<br>2024<br>_2023_<br>No.<br>_No._|
|Staf<br>No employee received remuneration amounting to more than £60,000 in either year.<br>During the year remuneration paid to key management personnel amounted to £58,927 (2023: £58,900).|17<br>_16_|



## **12. Trustees’ remuneration and expenses** 

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 30[th] June 2024, no Trustee expenses have been incurred (2023 - £NIL). 

Notes to the Financial Statements 31 



## **13. Tangible fixed assets** 

|Short term<br>Plant and<br>Ofice<br>Fixtures<br>Motor<br>leasehold property<br>machinery<br>equipment<br>and fittings<br>vehicles<br>Total<br>£<br>£<br>£<br>£<br>£<br>£|Short term<br>Plant and<br>Ofice<br>Fixtures<br>Motor<br>leasehold property<br>machinery<br>equipment<br>and fittings<br>vehicles<br>Total<br>£<br>£<br>£<br>£<br>£<br>£|
|---|---|
|Cost or valuation<br>At 1 July 2023<br>Additions<br>Disposals<br>VAT Reclaimed<br>At 30 June 2024<br>Depreciation<br>At 1 July 2023<br>Charge for the year<br>On disposals<br>At 30 June 2024<br>Net book value<br>At 30 June 2024<br>_At 30 June 2023_|87,763<br>418,044<br>19,943<br>36,321<br>31,745<br>593,816<br>56,377<br>145,179<br>6,235<br>8,621<br>20,400<br>236,812<br>-<br>(13,466 )<br>-<br>-<br>-<br>(13,466 )<br>(7,479 )<br>(37,376 )<br>(2,515 )<br>(1,475 )<br>(3,298 )<br>(52,143 )|
||136,661<br>512,381<br>23,663<br>43,467<br>48,847<br>765,019|
||74,070<br>253,914<br>10,065<br>24,873<br>13,393<br>376,315<br>7,843<br>48,768<br>5,107<br>6,121<br>5,863<br>73,702<br>-<br>(11,374 )<br>-<br>-<br>-<br>(11,374 )|
||81,913<br>291,308<br>15,172<br>30,994<br>19,256<br>438,642|
|||
||54,748<br>221,073<br>8,491<br>12,473<br>29,591<br>326,376|
||_13,693_<br>_164,130_<br>_9,878_<br>_11,448_<br>_18,352_<br>_217,501_|



## VAT Reclaim on Capital Items 

During the financial year, the organisation reclaimed VAT amounting to £52,143 on capital purchases made in prior years. This reclaim was in accordance with HMRC guidelines, allowing VAT on eligible capital items to be reclaimed within four years of purchase. 

## **14. Debtors** 

|**14. Debtors**||
|---|---|
||2024<br>_2023_<br>£<br> _£_|
|Due within one year<br>Trade debtors<br>Prepayments and accrued income<br>VAT Reclaimable|26,101<br>_14,914_<br>83,325<br>_2,305_<br>52,690<br>_-_|
||162,116<br>_17,219_|



32 Notes to the Financial Statements 



## **15. Creditors: Amounts falling due within one year** 

||2024<br>_2023_<br>£<br>_£_|
|---|---|
|Due within one year<br>Trade creditors<br>Other taxation and social security<br>Other creditors<br>Accruals|18,584<br>_12,280_<br>13,250<br>_13,330_<br>3,343<br>_2,990_<br>16,012<br>_10,331_|
||51,189<br>_38,931_|



## **16. Financial instruments** 

|Financial assets<br>|2024<br>_2023_<br>£<br>_£_|
|---|---|
|Financial assets measured at fair value through income and expenditure.<br>Financial assets measured at fair value through income and expenditure comprise cash at bank.||
||75,965<br>_106,034_|
|||



Notes to the Financial Statements 33 



## **17. Statement of funds** 

|**17. Statement of funds**||
|---|---|
|Current year|Balance at<br>Income<br>Expenditure<br>Transfers<br>Balance at<br>1 July 2023<br>in/out     30 June 2024<br>£<br>£<br>£<br>£<br>£<br>-<br>-<br>-<br>-<br>-<br>19,083<br>474,145<br>(477,412 )<br>42,230<br>58,046<br>19,083<br>474,145<br>(477,412 )<br>42,230<br>58,046<br>10,000<br>34,800<br>(43,800 )<br>-<br>1,000<br>-<br>4,200<br>(2,228 )<br>-<br>1,972<br>500<br>2,000<br>(2,500 )<br>-<br>-<br>3,333<br>-<br>(3,333 )<br>-<br>-<br>180<br>7,320<br>(7,140 )<br>-<br>360<br>15,308<br>51,750<br>(67,058 )<br>-<br>-<br>5,585<br>15,990<br>(21,575 )<br>-<br>-<br>-<br>4,000<br>(4,000 )<br>-<br>-<br>25,000<br>308,456<br>(209,528 )<br>-<br>123,928<br>5,333<br>7,667<br>(13,000 )<br>-<br>-<br>65,239<br>436,183<br>(374,162 )<br>-<br>127,260<br>217,501<br>-<br>(73,702 )<br>182,577<br>325,030<br>-<br>2,675<br>-<br>(2,675 )<br>-<br>-<br>7,116<br>-<br>(5,685 )<br>1,431<br>-<br>216,602<br>-<br>(216,447 )<br>155<br>217,501<br>226,393<br>(73,702 )<br>(42,230 )<br>327,962<br>282,740<br>662,576<br>(447,864 )<br>(42,230 )<br>455,222<br>301,823<br>1,136,721<br>(925,276 )<br>-<br>513,268|
|Unrestricted Funds<br>Designated Funds<br>General Funds<br>Total Unrestricted Funds<br>Restricted Funds<br>Sizergh - General Charitable Activities<br>Sizergh - Catering<br>Sizergh - Horticulture<br>Sir John Fisher - Sizergh Furness Days<br>Roselands Trust - Sizergh Rent<br>Tebay - General Charitable Activities<br>Cumbria CVS - Tebay Carlisle Days<br>Tebay - Horticulture<br>Egremont - General Charitable Activities<br>Churchill Fellowship - Group Development<br>Total<br>Restricted Fixed Asset Fund<br>Fixed Asset Fund<br>Sizergh Capital Grants<br>Tebay Capital Grants<br>Egremont Capital Grants<br>Total Restricted Funds<br>Total of Funds||



34 Notes to the Financial Statements 



## **17. Statement of funds** Current year 

## Designated Funds 

No funds were designated by Trustees from unrestricted reserves during the year. 

## Restricted Funds 

## Restricted to Sizergh Site Activities 

## Restricted Fixed Asset 

## _Grants received during the year from:_ 

Sizergh capital grant from The Percy Bilton Charity. 

Tebay capital grants from The Rank Foundation, The Irving Memorial Trust, The Screwfix Foundation, Douglas Arter Foundation. 

## _Grants brought forward from:_ 

Sir John Fisher Foundation - Sizergh Recovery Through Activity (RTA) programme 

Kendal Town Council - Sizergh horticulture 

Egremont capital grants from The Dowager Countess Eleanor Peel Trust, Copeland Community Fund, Nuclear Decommissioning Authority, Cumberland Council, Cumbria Community Foundation (UK SPF). 

Sir John Fisher Foundation - RTA programme Furness days 

The Roselands Trust - Sizergh rent 

## _Grants received during the year for:_ 

Sizergh charitable activities including RTA programmes from Anonymous donations, The Big Onion, Cumbria Community Foundation, The Van Neste Foundation, Sir John Fisher Foundation, The Harold and Alice Bridges Charity, Lake District Estates, 3R Foundation. 

Sizergh catering from The Fat Face Foundation 

## Transfers between funds 

During the year there was also a transfer from restricted to unrestricted Fixed Asset Fund representing the balance of capital expenditure not funded by grants and VAT reclaimed on previous years assets. 

The Fixed Asset Fund continues to reflect the Net Book Value of the assets held by the Charity, plus any capital grants received in the year unspent at the year end, as agreed by the Trustees. 

Sizergh horticulture from The Hedley Foundation 

Sizergh rent from The Roselands Trust 

## Restricted to Tebay Site Activities 

## _Grants brought forward from:_ 

The National Lottery Community Fund, Westmorland Ltd, Enterprise Development Fund - Tebay charitable activities 

Cumbria CVS (Carlisle RTA days) 

## _Grants received during the year for:_ 

Tebay charitable activities including RTA programmes from The National Lottery Community Fund, Westmorland Family Fund, Cumbria Community Foundation, Penrith Town Council. 

Tebay Carlisle days  from Cumbria CVS 

Tebay horticulture from The D’Oyly Carte Charitable Trust 

## Restricted to Egremont Site Activities 

## _Grants brought forward from:_ 

## Postcode Neighbourhood Trust 

## _Grants received during the year for:_ 

Egremont charitable activities including RTA programmes from The National Lottery Community Fund,  Copeland Community Fund, Nuclear Decommissioning Authority, Heritage Lottery Fund (Heritage Growing Project), The Robert McAlpine Foundation, The Henry Smith Charity. 

## Restricted to Central Support Activities 

Churchill Fellowship - group development grants brought forward and received during the year. 

Notes to the Financial Statements 35 



## **17. Statement of funds** 

|**17. Statement of funds**||
|---|---|
|Prior year|_Balance at_<br>_Income_<br>_Expenditure_<br>_Transfers_<br>_Balance at_<br>_1 July 2022_<br>_in/out      30 June 2023_<br>_£_<br>_£_<br>_£_<br>_£_<br>_£_|
|_Unrestricted Funds_<br>_Designated Funds_<br>_Sizergh site dilapidations_<br>_Total 2023_<br>_General Funds_<br>_General Funds - all funds_<br>_Total Unrestricted Funds_<br>_Restricted Funds_<br>_Anonymous Charitable Trust_<br>_CCF - Westmorland Family Trust_<br>_Sir John Fisher Foundation_<br>_Enterprise Development Fund_<br>_Postcode Neighbourhood Trust_<br>_Combined Funds <£2k_<br>_The National Lottery Community Fund_<br>_Churchill Fellowship_<br>_The Roselands Trust_<br>_Recovery Through Activity - Sizergh_<br>_Recovery Through Activity - Sizergh Furness Days_<br>_Recovery Through Activity - Tebay_<br>_Recovery Through Activity - Tebay Carlisle Days_<br>_Horticulture - Sizergh_<br>_Catering & Utilities - Sizergh_<br>_Westmorland - Tebay Schools_<br>_Cumbria Community Fund (CCF)_<br>_Restricted Fixed Asset Fund_<br>_Fixed Asset Fund_<br>_Anonymous_<br>_SLLC_<br>_Mazars Charitable Trust_<br>_Westmorland Ltd -Tebay Capital Grant_<br>_Horticulture Capital Grants_<br>_Total Restricted Funds_<br>_Total of Funds_|_25,000_<br>_-_<br>_-_<br>_(25,000 )_<br>_-_|
||_25,000_<br>_-_<br>_-_<br>_(25,000 )_<br>_-_|
||_131,541_<br>_348,234_<br>_(474,555 )_<br>_13,863_<br>_19,083_|
||_156,541_<br>_348,234_<br>_(474,555 )_<br>_(11,137 )_<br>_19,083_|
||_3,333_<br>_-_<br>_(3,333 )_<br>_-_<br>_-_<br>_940_<br>_-_<br>_(940 )_<br>_-_<br>_-_<br>_15,000_<br>_15,000_<br>_(16,667 )_<br>_-_<br>_13,333_<br>_(283)_<br>_18,750_<br>_(16,560 )_<br>_-_<br>_1,907_<br>_-_<br>_25,000_<br>_-_<br>_-_<br>_25,000_<br>_3,935_<br>_-_<br>_(3,935 )_<br>_-_<br>_-_<br>_-_<br>_110,000_<br>_(110,000 )_<br>_-_<br>_-_<br>_-_<br>_15,333_<br>_(10,000 )_<br>_-_<br>_5,333_<br>_-_<br>_7,320_<br>_(7,140 )_<br>_-_<br>_180_<br>_14,218_<br>_32,250_<br>_(46,468 )_<br>_-_<br>_-_<br>_2,500_<br>_2,353_<br>_(4,853 )_<br>_-_<br>_-_<br>_-_<br>_25,250_<br>_(21,500 )_<br>_-_<br>_3,750_<br>_-_<br>_27,080_<br>_(21,495 )_<br>_-_<br>_5,585_<br>_-_<br>_3,500_<br>_(3,000 )_<br>_-_<br>_500_<br>_-_<br>_4,600_<br>_(4,600 )_<br>_-_<br>_-_<br>_-_<br>_10,158_<br>_(507 )_<br>_-_<br>_9,651_<br>_-_<br>_500_<br>_(500 )_<br>_-_<br>_-_|
||_39,643_<br>_297,094_<br>_(271,498 )_<br>_-_<br>_65,239_|
||_64,364_<br>_-_<br>_(48,038 )_<br>_201,175_<br>_217,501_<br>_15,392_<br>_-_<br>_(15,392 )_<br>_-_<br>_-_<br>_4,646_<br>_-_<br>_-_<br>_(4,646 )_<br>_-_<br>_15,000_<br>_-_<br>_-_<br>_(15,000 )_<br>_-_<br>_-_<br>_150,000_<br>_-_<br>_(150,000 )_<br>_-_<br>_-_<br>_5,000_<br>_-_<br>_(5,000 )_<br>_-_|
||_99,402_<br>_155,000_<br>_(48,038 )_<br>_11,137_<br>_217,501_|
|||
||_139,045_<br>_452,094_<br>_(319,536 )_<br>_11,137_<br>_282,740_|
|||
||_295,586_<br>_800,328_<br>_(794,091 )_<br>_-_<br>_301,823_|



36 Notes to the Financial Statements 



## **18. Summary of funds** 

Current year 

|**18. Summary of funds**<br>Current year||
|---|---|
||Balance at<br>Income<br>Expenditure<br>Transfers<br>Balance at<br>1 July 2023<br>in/out     30 June 2024<br>£<br>£<br>£<br>£<br>£|
|Designated funds<br>General funds<br>Restricted funds<br>Restricted funds - Class II<br>Prior year|-<br>-<br>-<br>-<br>-<br>19,083<br>474,145<br>(477,412 )<br>42,230<br>58,046<br>65,239<br>436,183<br>(374,162 )<br>-<br>127,260<br>217,501<br>226,393<br>(73,702 )<br>(42,230 )<br>327,962|
||301,823<br>1,136,721<br>(925,276 )<br>-<br>513,268|
||_Balance at_<br>_Income_<br>_Expenditure_<br>_Transfers_<br>_Balance at_<br>_1 July 2022_<br>_in/out_<br>_30 June 2023_<br>_£_<br>_£_<br>_£_<br>_£_<br>_£_|
|_Designated funds_<br>_General funds_<br>_Restricted funds_<br>_Restricted funds - Class II_|_25,000_<br>_-_<br>_-_<br>_(25,000 )_<br>_-_<br>_131,541_<br>_348,234_<br>_(474,555 )_<br>_13,863_<br>_19,083_<br>_39,643_<br>_297,094_<br>_(271,498 )_<br>_-_<br>_65,239_<br>_99,402_<br>_155,000_<br>_(48,038 )_<br>_11,137_<br>_217,501_|
||_295,586_<br>_800,328_<br>_(794,091 )_<br>_-_<br>_301,823_|



Notes to the Financial Statements 37 



**18. Statement of funds** Prior year 

## 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 for:_ 

The National Lottery Community Fund - Tebay site 2022-24 

## Restricted Fixed Asset Funds 

## _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 Ltd - 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 Ltd - 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. 

38 Notes to the Financial Statements 



## **19. Analysis of net assets between funds** 

Current year 

||Unrestricted<br>Restricted  Restricted fixed<br>Total<br>funds 2024<br>funds 2024<br>assets 2024<br>funds 2024<br>£<br>£<br>£<br>£|
|---|---|
|Tangible fixed assets<br>Current assets<br>Creditors due within one year<br>Total<br>Prior year|-<br>-<br>326,376<br>326,376<br>109,235<br>127,260<br>1,586<br>238,081<br>(51,189 )<br>-<br>-<br>(51,189 )|
||58,046<br>127,260<br>327,962<br>513,268|
||_Unrestricted_<br>_Restricted_<br>_Total_<br>_Total_<br>_funds 2023_<br>_funds 2023_<br>_funds 2023_<br>_funds 2023_<br>_£_<br>_£_<br>_£_<br>_£_|
|_Tangible fixed assets_<br>_Current assets_<br>_Creditors due within one year_<br>_Total_|_-_<br>_-_<br>_217,501_<br>_217,501_<br>_58,014_<br>_65,239_<br>_-_<br>_123,253_<br>_(38,931 )_<br>_-_<br>_-_<br>_(38,931 )_|
||_19,083_<br>_65,239_<br>_217,501_<br>_301,823_|



## **20. 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 27,240 (2023 - £24,146). At the year end date £3,341 (2023 - £2,990) was payable to the fund and is included in creditors. 

## **21. Operating lease commitments** 

At 30 June 2024 the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows: 

|leases as follows:||
|---|---|
||2024<br>_2023_<br>£<br>_£_|
|Not later than 1 year<br>Later than 1 year and not later than 5 years<br>Total|6,504<br>_7,320_<br>8,634<br>_3,050_|
||15,138<br>10,370|



At the year end date the balance outstanding on leases related to the charity’s land lease at Low Sizergh, Kendal which has been agreed for a period of 5 years to 30 November 2024 and printer rental at two sites with a 5 year lease agreement until March 2027. 

On 3 August 2022 the charity entered into a 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). 

On 2 August 2023 the charity entered into a new lease with Cumberland Council relating to property at Beck Green Nurseries, Egremont. The term of the lease is 25 years and will be at a peppercorn rent per annum (if demanded). 

Notes to the Financial Statements 39 



## **22. Reconciliation of net income/expenditure to net cash flow from operating activities** 

||2024<br>_2023_<br>£<br>_£_|
|---|---|
|Net income/(expenditure) before capital grants<br>Adjustments for:<br>Depreciation<br>(Surplus)/deficit on sale of assets<br>VAT reclaimed on previous years’ asset purchases<br>(Increase)/decrease in debtors<br>Increase/(decrease) in creditors<br>Capital grants received<br>Net cash provided by (used in) operating activities|(14,948 )<br>_(148,763 )_<br>73,702<br>_48,038_<br>(4,908 )<br>_-_<br>52,143<br>_-_<br>(144,897 )<br>_(7,855 )_<br>12,258<br>_7,552_<br>226,393<br>_155,000_|
||199,743<br>_53,972_|



## **23. Analysis of cash and cash equivalents** 

|**23. Analysis of cash and cash equivalents**||
|---|---|
||2024<br>_2023_<br>£<br>_£_|
|Cash in hand<br>Cash at bank<br>Short-term deposits<br>Total cash and cash equivalents|1,339<br>_1,173_<br>71,490<br>_101,725_<br>3,136<br>_3,136_|
||75,965<br>_106,034_|



## **24. Related Party Transactions** 

There were no related party transactions in the year. 

40 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