2021-05-31-accounts - Veterans' Growth

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REGISTERED CHARITY NUMBER: 1183537

`REPORT OF THE TRUSTEES AND`

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021

`FOR`

`VETERANS' GROWTH`

Ashdown Hurrey Auditors Limited
Statutory Auditors
20 Havelock Road
Hastings
East Sussex
TN34 1BP

VETERANS' GROWTH

`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021`

		`Page`
`From the Founder and CEO`		2
Our Year in Pictures	3	`to`	5
`Report of the Trustees`	6	`to`	9
`Independent Examiner's Report`		10
`Statement of Financial Activities`		11
`Balance Sheet`		12
`Notes to the Financial Statements`	13	`to`	20
`Detailed Statement of Financial Activities`	21	`to`	22

VETERANS' GROWTH

OUR YEAR IN PICTURES

Veterans’ Growth client and volunteer Tam with a wall planter generously donated by Platipus

Page 1

VETERANS' GROWTH

`FROM THE FOUNDER AND CEO FOR THE YEAR ENDED 31 MAY 2021`

2020/2021hasbeenadifficultyearforallcharitiesandVeterans'Growthisnoexception.Ourfocushasbeenon
usingsuchresourcesaswereavailabletoustofindnewwaystoreachandhelpveterans,whileworkingwithinthe
limitationsimposed by the COVID-19 pandemic.

Onenotableimpactofthepandemicwasthatveteranswerereluctanttoreachout,withmanystrugglingtoadapt
toonlineformsofcommunicationsuchasZoomandTeams.Isolationandlackofsocialisationwerekeyissues,
affectingboth veterans themselves and their loved ones. For some, a lack of work meant significant economic hardship
too.

Iamproudthatasanorganisationwewereabletohelpmanyveteransto"heatandeat",providingfoodparcels
andsupport with heating costs during this period. We have secured funding to enable us to do the same from January
2022.

Despitethesechallenges,theVeterans'Growthteamremainedatthecoalface.ThesitewasmadeasCOVIDsecure
aspossibleandwecontinuedtodeliverasmuchface-to-facesupportasthesituationallowed,workingbothwith
groupsandone-to-onewithindividualserviceusers.Wealsoworkedonlinewithgroupsandindividualsunableto
travel.I amhappy to report that not one veteran was referred to another organisation due to us being unable to help in
some way.

Thesitehascontinuedtoexpandatpace.Thingsarealwayschanging,anditcanbedifficulttorememberthestate
thesitewasinwhenwefirstarrived.Weareworkingconstantlytoimprovethefacilities,andtherearemore
changesplanned for the winter of 2021/22.

Ourworkforcehasgrownovertheyear,too.Duetothenumberofreferralsreceivedfromotheragenciesand
theconsequentriseinnumbers,wenowhavefourpart-timemembersofstaff:twoqualifiedsocial
therapeutichorticulturists, one trainee social therapeutic horticulturist and a farmhand.

Therehavebeenchangestothemake-upoftheboardoftrusteesoverthelastyear,ascanbeseenonthe
CharityCommissionwebsite.IlookforwardtoworkingwithournewboardmemberstoensurethatVeterans'Growth
continuesto expand and to support as many veterans as possible for years to come.

Fundingwasinshortsupplythroughouttheyear,butweneverthelessgainedinsomeareasandcontinuedto
pushforwardwithourplans.Ourresidentialprojecthasbeenparticularlyhardhitbythelackoffundraisingactivitybut
we arenowabletoofferaone-bedroomhouseeitherasaccommodationforveteransattendingcoursesandtheir
families,or foruseasrespite.Assoonasfundraisingcanbegininearnestandgrantsstarttobecomeavailablefor
thissortof projectwewillbepushinghardtogainthefundsweneedtotakeourplansforward.Havingcompleteda
firewalk,a superherorunandtheLondonMarathonthisyear,Iplantotakeabackseatin2022butIwillcontinue
tosupporteveryone thatgives their time and effort to raise funds for this great charity.

AsCEOIamproudofeverythingthathasbeenachievedbyoursmallteaminthelastyear.Itisreallyhearteningto
seethechangeintheveteransweworkwith,andtohearfromtheirfriendsandfamilythedifferencetheyseetoo.
I amconstantlymonitoringthecostsinvolvedinrunningthecharitytoeliminateunnecessaryexpenditureand
ensure thateverything we do spend is delivering maximum impact.

IamdelightedtoreportthatwewerenamedNHSSouthEastMentalHealthCharityoftheyearandthatwehave
nowsignedtheArmedForcesCovenant.Iamexcitedaboutthefutureandaboutourplansfor2021/22,andIfeel
confidentthatwhatwedowillcontinuetohaveapositiveimpactonourveterans.Tofindoutmoreaboutourplans
andkeep uptodatewithourprogress,pleasefollowoursocialmediaaccounts.Inthemeantime,thepicturesbelow
giveaflavour ofwhat's been going on at Veterans' Growth this year.

Jason Stevens, Founder and CEO

Page 2

VETERANS' GROWTH

OUR YEAR IN PICTURES

Top to bottom, L to R: Horticultural therapist Nicky and a veteran with the garlic harvest; Planters generously sponsored by Natural Grower; A team of veterans building a natural hedge barrier; Tam’s impressive pumpkin carving

Page 3

VETERANS' GROWTH

OUR YEAR IN PICTURES

Top to bottom, L to R: A team-building day for NHS Operation Courage; Flowers arranged by veterans; A pavilion designed and built by one of our veterans; One of our veterans with the pumpkin harvest

Page 4

VETERANS' GROWTH

OUR YEAR IN PICTURES

Top: Veterans’ Growth was named NHS South East Mental Health Charity of the Year 2021

Bottom: Garden furniture generously donated by landscaper and garden designer Fisher Tomlin & Bowyer

Page 5

VETERANS' GROWTH

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021`

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31May2021. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

`Our Aim`

Topreserveandprotectthementalhealthandtorelievetheneedsofmilitaryveterans,primarily,butnot exclusively,
through the provision of social therapeutic horticulture (STH).

`Our Vision`

Wewanteveryveteranfromthetri-servicethathassufferedorissufferingwithmentalhealthissuestohaveaccess to
STH and outdoor working, and to receive the best support and outstanding development opportunities.

`Our Objectives`

1. To provide STH to veterans from the tri-service in accordance with individual needs, and to refer on to specialist

organisations where appropriate.

2. To make this support available to the many organisations that cannot provide STH themselves.

3. To provide opportunities for further horticultural training and/or employment in the industry.

`Public benefit`

ThetrusteeshavepaiddueregardtoguidanceissuedbytheCharityCommissionindecidingwhatactivitiesthe charity
should undertake.

`Frequently Asked Questions`

`Q: How do veterans get on to a Veterans' Growth course?`

A:VeteransaregenerallyreferredbyathirdpartysuchastheNHSTiLSservice,MartinsOakSurgeryinBattle, East
Sussex,theSussexArmedForcesPartnership,andtheSussexArmedForcesNetwork,buttheyarealsowelcome to
contact Veterans’ Growth direct.

`Q: How many employed members of staff do you have?`

A: At present we have four part-time members of staff. Remuneration will always be considered carefully in the context of the contribution the individual can make to the goals of the charity.

`Q: How much money did the charity make this year?`

A:Thecharityhasbroughtinincomeofaround£240,000thisyear.Around83%ofthisismadeupofrestricted funds
which must be used for specific purposes and within a set timeframe.

`Q: How much do you have in reserves?`

A: The charity is still in its infancy and does not have sizable reserves. Currently, our unrestricted reserves stand at around £45,000. We will look to build this up in order to make sure Veterans' Growth is on a sustainable financial footing.

`Q: How many veterans did you help during the COVID-19 pandemic?`

A: We provided assistance worth over £6,000 in food and heating allowances to more than 100 veterans, sent out over 70 grow-and-sow-along parcels, provided seeds to a huge number of veteran allotment-holder (both groups and individuals) around the country and worked face-to-face with more than 60 veterans.

`ACHIEVEMENT AND PERFORMANCE`

`Charitable activities`

The main achievements of Veterans' Growth during 2020/21 were as follows:

Enhanced the accessibility of the site by installing 300m2 of patio, a concrete ramp and veg pods - accessible raised
beds for veg growing.
Created a safe, sheltered area where veterans and their families can work if the weather is unkind.
Provided food parcels using produce grown by those veterans who were able to attend the site during the pandemic.
Provided direct support to veterans with heating or food during the winter of 2020/21.
Continued to expand the site with the support and assistance of veterans and volunteers.
Organised and held courses for families including in flower arranging, planting hanging baskets, etc.
Successfully applied for many small grants which were used to reduce suffering in the veteran community though the
hardships of the pandemic.

Page 6

VETERANS' GROWTH

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021`

`FINANCIAL REVIEW`

`Financial position`

Theaccountshavebeenpreparedinaccordancewiththeaccountingpoliciessetoutinnote1totheaccounts and
complywiththecharity'sgoverningdocument,theCharitiesAct2011andtheStatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS102) published on 16 July 2014.

Financiallytheorganisationisinreasonablehealth,butthereisaneedtoincreasetheleveloffinancialreservesheld. In
accordance with the guidance set out by the Charity Commission, the reserves are held in order to:

assure continuity of support to those the charity benefits
permit any changes needed to be made in an orderly manner, and
provide some capacity to launch new projects.

Forthesepurposesthetrusteesaimtoholdmoniesequivalenttosevenmonths'averageexpenditure,overalland within
eachofthecharity'sprojects.Thetrusteeswillallocateorretainmoniesforeachoftheprojectstoachievethislevel as
funds become available. The trustees will review the actual reserves level annually and reallocate funds accordingly.

`Principal funding sources`

TheprincipalsourcesofincomehavebeengrantsawardedtousbytheArmedForcesCovenantFundTrustand The
NationalLottery.SmallergrantshavecomefromTheLennoxHenryTrust,TheGreenhallFoundation,TheChalk Hill
Trust,ArnoldClark,PremierPolytunnelsLtdandTheSussexFoundation.Thesesourcesofincomehavemostly been
restricted,mostdonotcoveranywagesandhavebeenusedtomeettheobjectiveofprovidingSTHtoveteransfrom the
tri-service.

Wealsorelyonmanyvolunteersandfundraiserstoprovidedonationstothecharityandarrangefundraisingevents. The
income is recognised by Veterans' Growth and thank you letters or social media mentions are actioned ASAP.

`FUTURE PLANS`

The charity has identified the following key targets for the coming year:

To continue to work to make the charity's existing range of activities available to veterans from the tri-service
nationally by making the property residential, and to secure funding for this as soon as possible.
To stay true to our purpose as a veterans-led charity at all times.
To boost our fundraising activities.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityiscontrolledbyitsgoverningdocument,aconstitutionandconstitutesaCharitable Incorporated
Organisation.

`Recruitment and appointment of new trustees`

Veterans’Growthhasaformaltrusteerecruitmentpolicyandprocess.Newtrusteepositionscanbeadvertised by
Veterans’Growthornominationsfromthemanagementteamandtheexistingtrusteescanbeput forward.
Appointmentswilltakeintoaccountanyspecialistskillsneededbythecharity.Thosenominatedandappointed are
formally elected at the first AGM following appointment.

`Organisation and key responsibilities`

Thecharityisadministeredbynofewerthanthreetrustees.Thecommitteemeetsatleastthreetimesduringthe year,
either face-to-face or via video link. Two trustees must be present for a decision to be made.

TofacilitateeffectiverunningofVeterans'Growththeseniormanagementteamhasdelegatedauthority,within the
termsapprovedbythetrustees,foroperationalmattersincludingfinanceandemployment.Themanagementteam keeps
the trustees abreast of developments verbally and via email.

Theremunerationoftheseniorofficialsofthecharityisdecidedandagreedunanimouslybytheboardof trustees.
Remunerationwillreflecttheindividual'slevelofserviceanddedication,aswellasthecontributiontheymake to
promoting the objectives of the charity as outlined in this report.

Page 7

VETERANS' GROWTH

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021`

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Induction and training of new trustees`

Trusteesareencouragedtoattendappropriateexternaltrainingeventswherethesewillfacilitatetheundertakingof their
role.

Newtrusteesattendanorientationmeetingtobriefthemontheirlegalobligationsundercharityandcompanylaw, the
contentoftheMemorandumandArticlesofAssociation,thevariouscommitteesanddecision-makingprocesses, the
financialplanandrecentfinancialperformanceofthecharity.Duringthisinitialorientationprogrammetheymeet key
employees and other trustees.

`Risk management`

Thetrusteeshaveassessedthemajorriskstowhichthecharityisexposedandaresatisfiedthatsystemsareinplace to
mitigate exposure. The review process comprises:

-ongoing review of the risks the charity may face

-establishmentofsystemsandprocedurestomitigatetherisksidentified,andtheimplementationof procedures
designed to minimise the potential impact on the charity should those risks materialise.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`

`Principal address`

Rocks Farm Oast
Cottage Lane
Westfield
Hastings
East Sussex
TN35 4RS

`Trustees`

L Bell
C Vokins
L Thompson (resigned 26.8.21)
N O'Shaughnessy (appointed 26.8.21)

Theseniorofficialtowhomtheday-to-daymanagementofthecharityisdelegatedbythetrusteesisJason Stevens,
CEO.

`Independent Examiner`

Mr S R Sampson
FCA FCIE DChA
Ashdown Hurrey Auditors Limited
Statutory Auditors
20 Havelock Road
Hastings
East Sussex
TN34 1BP

`Solicitors`

Lawson Lewis Blakers
11 Hyde Gardens
Eastbourne
East Sussex
BN21 4PP

Page 8

VETERANS' GROWTH

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021`

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Bank`

HSBC
4 Robertson Street
Hastings
East Sussex
TN34 1HW

`Chief Executive Officer`

Jason Stevens

Approved by order of the board of trustees on 14 March 2022 and signed on its behalf by:

C Vokins - Trustee

Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
VETERANS' GROWTH

`Independent examiner's report to the trustees of Veterans' Growth`

IreporttothecharitytrusteesonmyexaminationoftheaccountsofVeterans'Growth(theTrust)fortheyear ended
31 May 2021.

`Responsibilities and basis of report`

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActandincarrying out
myexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionundersection145(5)(b)of the
Act.

`Independent examiner's statement`

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr S R Sampson
FCA FCIE DChA
Ashdown Hurrey Auditors Limited
Statutory Auditors
20 Havelock Road
Hastings
East Sussex
TN34 1BP

Date: 25 March 2022

Page 10

VETERANS' GROWTH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021

`Unrestricted` `fund` `Notes` `£` `3` `33,151` `4` `6,587` INCOME AND ENDOWMENTS FROM `Donations and legacies` `Other trading activities` `Other income` `5` `-` Total `39,738` EXPENDITURE ON `Raising funds` `114` `6` Charitable activities `Charitable activities` `8,782` `Other` `7` `402` Total `9,298` `30,440` `14` `(1,551)` `28,889` NET INCOME Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward `16,206` TOTAL FUNDS CARRIED FORWARD `45,095`	`Year Ended` `31.5.21` `Restricted` `Total` `funds` `funds` `£` `£` `196,249` `229,400` `4,209` `10,796` `-` `-` `200,458` `240,196` `1,011` `1,125` `115,347` `124,129` `3,161` `3,563` `119,519` `128,817` `80,939` `111,379` `1,551` `-` `82,490` `111,379` `39,462` `55,668` `121,952` `167,047`	`Period` `22.5.19` `to` `31.5.20` `Total` `funds` `£` `99,045` `4,020` `5,940`
		`109,005` `2,442` `47,231` `3,664`
		`53,337`
		`55,668` `-`
		`55,668` `-`
		`55,668`

The notes form part of these financial statements

Page 11

VETERANS' GROWTH

BALANCE SHEET 31 MAY 2021

`Unrestricted` `fund` `Notes` `£` `12` `1,500` CURRENT ASSETS `Debtors` `Cash at bank` `45,361` `46,861` CREDITORS `Amounts falling due within one year` `13` `(1,769)` NET CURRENT ASSETS `45,092` TOTAL ASSETS LESS CURRENT LIABILITIES `45,092` `45,092` `14` NET ASSETS FUNDS `Unrestricted funds` `Restricted funds` TOTAL FUNDS	`Restricted` `funds` `£` `2,024` `119,931` `121,955` `-` `121,955` `121,955` `121,955`	`31.5.21` `Total` `funds` `£` `3,524` `165,292` `168,816` `(1,769)` `167,047` `167,047` `167,047` `45,092` `121,955` `167,047`	`31.5.20` `Total` `funds` `£` `1,024` `57,444` `58,468` `(2,800)` `55,668` `55,668` `55,668` `16,206` `39,462` `55,668`

The financial statements were approved by the Board of Trustees and authorised for issue on 14 March 2022 and were signed on its behalf by:

C Vokins - Trustee

L Bell - Trustee

The notes form part of these financial statements

Page 12

VETERANS' GROWTH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

1. STATUTORY INFORMATION

Veterans'Growthisacharitableincorporatedorganisation,registeredinEnglandandWales.The charity's
registered number and principle address can be found in the Report of the Trustees.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Inpreparingthefinancialstatements,thetrusteesarerequiredtomakeanassessmentoftheabilityof
thecharitytocontinueasagoingconcern.Thetrusteeshavepreparedacashflowforecastandbudgets
for thecharityandagainstthebackdropoftheCOVID-19Pandemica"reversestress"testhasbeen
appliedto theforecasts,seekingtoestablishthelevelofliquidityheadroomthecharityisexpectedtohave
duringthe12 monthgoing concern period.

Onthebasisoftheseforecastsandthefactthatthecharityhassubstantialnetcurrentassetsandnetassets,
thetrusteesareconfidentthatthecharityhasadequateresourcestocontinueinoperationalexistenceandto
meetitsliabilitiesastheyfallduefortheforeseeablefuture.Asaresultoftheabove,thetrusteeshave
concluded thatit remains appropriate to adopt a going concern basis of preparation in these financial
statements.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,
isprobable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting
thecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin
settlement andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonan
accrualsbasisand hasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.
Wherecostscannotbe directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitieson
abasisconsistentwiththeuse ofresources.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.
Restrictionsarise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

3. DONATIONS AND LEGACIES

`Year Ended` `31.5.21` `£` `Donations` `28,400` `Grants` `201,000` `229,400`	`Period` `22.5.19` `to` `31.5.20` `£` `22,237` `76,808`
	`99,045`

continued...

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VETERANS' GROWTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021

3. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

`Year Ended` `31.5.21` `£` `Other grants` `201,000` 4. OTHER TRADING ACTIVITIES `Year Ended` `31.5.21` `£` `Fundraising` `10,796` 5. OTHER INCOME `Year Ended` `31.5.21` `£` `Insurance claim` `-` `Funds pre-charity status` `-` `-` 6. CHARITABLE ACTIVITIES COSTS `Charitable activities` 7. OTHER `Year Ended` `31.5.21` `£` `Professional fees` `99` `Meetings and networking events` `488` `Support costs` `2,976` `3,563`	`Period` `22.5.19` `to` `31.5.20` `£` `76,808`	`Period` `22.5.19` `to` `31.5.20` `£` `76,808`
	`Period` `22.5.19` `to` `31.5.20` `£` `4,020` `Period` `22.5.19` `to` `31.5.20` `£` `4,035` `1,905` `5,940` `Direct` `Costs` `£` `124,129`
	`Period` `22.5.19` `to` `31.5.20` `£` `1,744` `114` `1,806` `3,664`
		`3,664`

continued...

Page 14

VETERANS' GROWTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021

8. INDEPENDENT EXAMINERS' REMUNERATION

INDEPENDENT EXAMINERS' REMUNERATION
	`31.05.21`	`31.05.20`
	`£`	`£`

`Fees payable to the charity's independent examiners for the independent examination` `of the charity's financial statements`	`2,520`	`1,800`
`Fees payable to the charity's independent examiners for payroll processing`	`456`	`-`

	`2,976`	`1,800`

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the period

ended 31 May 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2021 nor for the period ended 31 May 2020.

10. STAFF COSTS

STAFF COSTS	STAFF COSTS
`Year Ended` `31.5.21` `£` `Wages and salaries` `36,110` `36,110` `The average monthly number of employees during the year was as follows:` `Year Ended` `31.5.21` `Charitable activities` `2` `No employees received emoluments in excess of £60,000.`		`Period` `22.5.19` `to` `31.5.20` `£` `1,000` `1,000` `Period` `22.5.19` `to` `31.5.20` `1`
			`£`

`Total employee benefits for key management personnel`			`23,750`

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES `Unrestricted` `fund` `£` `22,738` `4,020` `5,940` `32,698` INCOME AND ENDOWMENTS FROM `Donations and legacies` `Other trading activities` `Other income` Total EXPENDITURE ON `Raising funds` `1,494`	`Restricted` `funds` `£` `76,307` `-` `-` `76,307` `948`		`Total` `funds` `£` `99,045` `4,020` `5,940` `109,005` `2,442`

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 15

VETERANS' GROWTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

		`Unrestricted`	`Restricted`	`Total`
		`fund`	`funds`	`funds`
		`£`	`£`	`£`
	Charitable activities
	`Charitable activities`	`12,249`	`34,982`	`47,231`
	`Other`	`1,920`	`1,744`	`3,664`
	Total	`15,663`	`37,674`	`53,337`
	NET INCOME	`17,035`	`38,633`	`55,668`
	Transfers between funds	`(828)`	`828`	`-`
	Net movement in funds	`16,207`	`39,461`	`55,668`
	TOTAL FUNDS CARRIED FORWARD	`16,207`	`39,461`	`55,668`
12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			`31.5.21`	`31.5.20`
			`£`	`£`
	`Other debtors`		`1,500`	`-`
	`Prepayments`		`2,024`	`1,024`
			`3,524`	`1,024`
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			`31.5.21`	`31.5.20`
			`£`	`£`
	`Social security and other taxes`		`(392)`	`25`
	`Other creditors`		`-`	`975`
	`Accrued expenses`		`2,161`	`1,800`
			`1,769`	`2,800`

continued...

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VETERANS' GROWTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021

14. MOVEMENT IN FUNDS

Unrestricted funds `General fund` Restricted funds `Sussex Community Fund` `Armed Forces Covenant - Positive Pathways` `Armed Forces Covenant - Local Grant` `PCC for Sussex` `National Lottery` `The Cloth Workers` `Peoples Postcode Lottery` `Screwfix Foundation` `Nineveh Trust` `Comic Relief` `Greenhall Foundation` `Sussex Community Foundation - COVID` `Lennox Hannay` `National Lottery - COVID-19` `The Veterans Foundation` `The Sussex Community Trust` `Sussex Giving` `Cowdfunder - Orchard` `Crowdfunder - Family Days` TOTAL FUNDS	`At 1.6.20` `£` `16,206` `648` `17,722` `13,810` `50` `7,232` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `39,462` `55,668`	`Net` `movement` `in funds` `£` `30,437` `(648)` `3,960` `(12,400)` `-` `(7,308)` `(331)` `8,401` `3,321` `702` `232` `(296)` `(463)` `3,213` `49,048` `20,000` `10,000` `(385)` `3,693` `203` `80,942` `111,379`	`Transfers` `between` `funds` `£` `(1,551)` `-` `-` `-` `-` `76` `331` `-` `-` `-` `-` `296` `463` `-` `-` `-` `-` `385` `-` `-` `1,551` `-`	`At` `31.5.21` `£` `45,092` `-` `21,682` `1,410` `50` `-` `-` `8,401` `3,321` `702` `232` `-` `-` `3,213` `49,048` `20,000` `10,000` `-` `3,693` `203`
				`121,955`
				`167,047`

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VETERANS' GROWTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds `General fund` Restricted funds `Sussex Community Fund` `Armed Forces Covenant - Positive Pathways` `Armed Forces Covenant - Local Grant` `National Lottery` `The Cloth Workers` `Peoples Postcode Lottery` `Screwfix Foundation` `Nineveh Trust` `East Sussex General` `Comic Relief` `Greenhall Foundation` `Sussex Community Foundation - COVID` `Lennox Hannay` `National Lottery - COVID-19` `The Veterans Foundation` `The Sussex Community Trust` `Sussex Giving` `Cowdfunder - Orchard` `Crowdfunder - Family Days` TOTAL FUNDS Comparatives for movement in funds Unrestricted funds `General fund` Restricted funds `Silver Lady` `Sussex Community Fund` `Round Table` `Armed Forces Covenant - Positive Pathways` `Armed Forces Covenant - Local Grant` `PCC for Sussex` `National Lottery` TOTAL FUNDS	`Incoming` `resources` `£` `39,738` `-` `35,000` `-` `(1)` `10,000` `19,500` `5,000` `2,500` `750` `3,999` `5,000` `5,000` `5,000` `69,501` `20,000` `10,000` `4,999` `3,693` `517` `200,458` `240,196` `Net` `movement` `in funds` `£` `17,034` `(30)` `619` `(769)` `17,722` `13,810` `50` `7,232` `38,634` `55,668`	`Resources` `Movement` `expended` `in funds` `£` `£` `(9,301)` `30,437` `(648)` `(648)` `(31,040)` `3,960` `(12,400)` `(12,400)` `(7,307)` `(7,308)` `(10,331)` `(331)` `(11,099)` `8,401` `(1,679)` `3,321` `(1,798)` `702` `(750)` `-` `(3,767)` `232` `(5,296)` `(296)` `(5,463)` `(463)` `(1,787)` `3,213` `(20,453)` `49,048` `-` `20,000` `-` `10,000` `(5,384)` `(385)` `-` `3,693` `(314)` `203` `(119,516)` `80,942` `(128,817)` `111,379` `Transfers` `between` `At` `funds` `31.5.20` `£` `£` `(828)` `16,206` `30` `-` `29` `648` `769` `-` `-` `17,722` `-` `13,810` `-` `50` `-` `7,232` `828` `39,462` `-` `55,668`

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VETERANS' GROWTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds `General fund` Restricted funds `Silver Lady` `Sussex Community Fund` `Round Table` `Armed Forces Covenant - Positive Pathways` `Armed Forces Covenant - Local Grant` `PCC for Sussex` `National Lottery` TOTAL FUNDS	`Incoming` `resources` `£` `32,698` `5,000` `5,000` `2,557` `33,250` `20,000` `500` `10,000` `76,307` `109,005`	`Resources` `Movement` `expended` `in funds` `£` `£` `(15,664)` `17,034` `(5,030)` `(30)` `(4,381)` `619` `(3,326)` `(769)` `(15,528)` `17,722` `(6,190)` `13,810` `(450)` `50` `(2,768)` `7,232` `(37,673)` `38,634` `(53,337)` `55,668`

Description of Restricted Funds

SussexCommunityFund:Toensurethecharitycouldmakegooduseofthesite,formaterials,PPE,transport and
management costs.

ArmedForcesCovenant-PositivePathways:FundingtowardstheSocialandTherapeuticHorticulture(STH) for
Veterans project.

ArmedForcesCovenant-LocalGrant:FundingtowardstheSocialTherapeuticHorticulture(STH)Pilot Scheme
project.

PCC for Sussex: Funding not to be used for core costs.

National Lottery: Funding towards the production of a wildlife area on site.

The Cloth Workers: Grant towards making the site accessible.

Peoples Postcode Lottery: Grant towards staff salaries.

Screwfix Foundation: Funding towards building refurbishment costs.

Nineveh Trust: Grant for staff costs.

East Sussex General: Grant for running costs.

Comic Relief: Funding for the big barn project, making the barn safe for use during courses.

Greenhall Foundation: Funding towards the big barn project and accessibility.

SussexCommunityFoundation-COVID:FundingtoensurethecharitycouldmeetthewinterCOVID support
needed within the group of veterans using the service.

LennoxHannay:FundingfortheupkeepofVeterans'Growthtoensurethecharitycontinuestocomply with
health and safety laws.

National Lottery - COVID-19: Funding for staff costs.

The Veterans Foundation: Funding to cover staff costs.

The Sussex Community Trust: Grant funding to assist with family days coming out of COVID and beyond.

continued...

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VETERANS' GROWTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021

14. MOVEMENT IN FUNDS - continued

Sussex Giving: Funding assistance during COVID.

Crowdfunder - Orchard: Online campaign towards orchard plants in January 2022.

Crowdfunder - Family Days: Funding campaign towards the cost of family days throughout the year.

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2021.

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