**REGISTERED CHARITY NUMBER: 1183537**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023**
## **FOR**
## **VETERANS' GROWTH**
Ashdown Hurrey Chartered Accountant & Business Advisers 20 Havelock Road Hastings East Sussex TN34 1BP
**VETERANS' GROWTH**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023**
|||**Page**||
|---|---|---|---|
|**From the Founder**||1||
|**Report of the Trustees**|2|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|16|
**VETERANS' GROWTH**
## **FROM THE FOUNDER FOR THE YEAR ENDED 31 MAY 2023**
2022/23 has been another busy year for Veterans' Growth. Indeed, it has been our busiest ever in terms of the number of clients helped, the range of activities offered and the amount of produce grown. This is testament to the value of the services we offer, and to the dedication and hard work of our staff and volunteers.
Throughout the year, we continued to deliver our core programme of social and therapeutic horticulture, demand for which continued to grow as we emerged from the COVID-19 pandemic. Our thanks to the many donors - including the Veterans' Lottery, the Veterans' Foundation, Sussex Community Foundation, the Lawson Trust, the Hendy Foundation, the Morrisons' Foundation, Sussex Crisis Fund, Groundworks, the Screwfix Foundation, the Isabel Blackman Foundation, the Army Benevolent Fund and the Hendy Foundation - whose generous support made this possible.
We continued our work providing SMART Recovery services to those veterans dealing with issues around addictions. Addictions come in many forms and with our unique and individually tailored approach, we have been able to achieve very positive outcomes for people facing a wide range of challenges. This work was facilitated mainly by a generous grant from the Armed Forces Covenant Fund Trust.
We also expanded our woodland management and green woodworking activities thanks to grants from the Armed Forces Covenant Fund Trust, the Comic Relief Community Fund, the Heritage Craft Fund, the Henry Smith Charity, the CLA Charitable Trust, the Blakemore Foundation and Hedley Foundation.
Other highlights of the year including being named as co-recipients of funds raised through the Westfield Lights initiative, reflecting our close relationship with the local community. Thank you to all involved. We were contracted by the London College of Garden Design to grow plants for and build their stand at the RHS Chelsea Flower Show - a wonderful opportunity for our veterans to explore their creativity and gain valuable work experience. We were also able to take a group of veterans for a stay at the beautiful historic house Goddards in Surrey, courtesy of The Landmark Trust.
I would like to express my gratitude to the Board of Trustees, our wonderful team of staff and volunteers and everyone that played a part in delivering services this year. I would also like to congratulate each and every veteran who made the decision to engage with Veterans' Growth. Seeking support requires resilience and bravery, and we applaud you for it.
Finally, I would like to personally thank the following organisations for supporting us this year, and in doing so enabling us to carry on helping veterans:
Westfield Christmas Lights, Rotary Club Senlac, Hedley Foundation, Landmark Trust, Screwfix, Isabel Blackman Foundation, Sussex Community Foundation, Henry Smith Foundation, CLA Trust, Lawson Fund, Groundworks, The Hendy Foundation, Veterans' Lottery, Morrisons Foundation, Blakemore Foundation, Comic Relief Community Fund, Veterans' Foundation, private donor (£5000).
Jason Stevens, Founder
Page 1
**VETERANS' GROWTH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 May 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
## **Our Aim**
To preserve and protect the mental health and to relieve the needs of military veterans, primarily, but not exclusively, through the provision of social therapeutic horticulture (STH).
## **Our Vision**
We want every veteran from the tri-service that has suffered or is suffering with mental health issues to have access 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**
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
## **Main achievements in 2022/23**
- Continued to provide SMART Recovery services to veterans dealing with issues around addictions, alongside our core
- programme of social and therapeutic horticulture.
- Expanded our woodland management and green woodworking activities.
- Worked with the London College of Garden Design to grow plants for and build their stand at the RHS Chelsea Flower Show.
- Continued to expand the site with the support and assistance of veterans and volunteers.
- Organised and held courses for families and veterans on site in our weather- proofed barn.
- Participated in local events, raising awareness of our work within the community.
- Appointed two new trustees, bringing new expertise and experience to the team.
## **FINANCIAL REVIEW**
## **Financial position**
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and the 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 (FRS102) published on 16 July 2014.
Financially the organisation is in reasonable health, but there is a need to increase the level of financial reserves held. 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.
For these purposes the trustees aim to hold monies equivalent to seven months' average expenditure, overall and within each of the charity's projects. The trustees will allocate or retain monies for each of the projects to achieve this level as funds become available. The trustees will review the actual reserves level annually and reallocate funds accordingly.
Page 2
**VETERANS' GROWTH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023**
## **FINANCIAL REVIEW**
## **Principal funding sources**
The principal sources of income have been grants awarded to us by: Westfield Christmas Lights, Rotary Club Senlac, Hedley Foundation, Landmark Trust, Screwfix, Isabel Blackman Foundation, Sussex Community Foundation, Henry Smith Foundation, CLA Trust, Lawson Fund, Groundworks, The Hendy Foundation, Veterans' Lottery, Morrisons Foundation, Blakemore Foundation, Comic Relief Community Fund, Veterans' Foundation, private donor (£5000). These sources of income have mostly been restricted.
We also rely on many volunteers and fundraisers to provide donations to the charity and arrange fundraising events. 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 expand the work we do here at Veterans' Growth. While we will always maintain our focus on STH, we will explore other related areas in response to the needs of the veterans we support.
- To always stay true to our purpose as a veterans-led charity.
- To boost our fundraising activities and secure funding to support the continued development of the site.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a constitution and constitutes a Charitable Incorporated Organisation.
## **Recruitment and appointment of new trustees**
Veterans' Growth has a formal trustee recruitment policy and process. New trustee positions can be advertised by Veterans' Growth or nominations from the management team and the existing trustees can be put forward. Appointments will take into account any specialist skills needed by the charity. Those nominated and appointed are elected at the first AGM following appointment.
## **Organisation**
The charity is administered by no fewer than three trustees. The committee meets at least three times during the year, either face-to-face or via video link. Two trustees must be present for a decision to be made.
To facilitate effective running of Veterans' Growth the senior management team has delegated authority, within the terms approved by the trustees, for operational matters including finance and employment. The management team keeps the trustees abreast of developments verbally and via email.
The remuneration of the senior officials of the charity is decided and agreed unanimously by the board of trustees. Remuneration will reflect the individual's level of service and dedication, as well as the contribution they make to promoting the objectives of the charity as outlined in this report.
## **Induction and training of new trustees**
Trustees are encouraged to attend appropriate external training events when these will facilitate the undertaking of their role.
New trustees attend an orientation meeting to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the various committees and decision-making processes, the financial plan and recent financial performance of the charity. During this initial orientation programme, they meet key employees and other trustees.
## **Risk management**
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure. The review process comprises:
- ongoing review of the risks the charity may face
- establishment of systems and procedures to mitigate the risks identified, and the implementation of procedures designed to minimise the potential impact on the charity should those risks materialise.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1183537
Page 3
**VETERANS' GROWTH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023**
## **Principal address**
Rocks Farm Oast Cottage Lane Westfield Hastings East Sussex TN35 4RS
## **Trustees**
L Bell C Vokins (resigned 31.7.23) R Thornborough (appointed 28.7.22) P R Welsh (appointed 7.2.23) A Chipchase (appointed 31.10.23) H Daniell (appointed 31.12.23)
The senior official to whom the day-to-day management of the charity is delegated by the trustees is Sarah Wilson, interim CEO.
## **Independent Examiner**
Mr S R Sampson Ashdown Hurrey Chartered Accountant & Business Advisers 20 Havelock Road Hastings East Sussex TN34 1BP
## **Solicitors**
Lawson Lewis Blakers 11 Hyde Gardens Eastbourne East Sussex BN21 4PP
## **Bank**
HSBC 4 Robertson Street Hastings East Sussex TN34 1HW
## **Interim Chief Executive Officer**
Sarah Wilson
Approved by order of the board of trustees on 28 March 2024 and signed on its behalf by:
L Bell - Trustee
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VETERANS' GROWTH**
## **Independent examiner's report to the trustees of Veterans' Growth**
I report to the charity trustees on my examination of the accounts of Veterans' Growth (the Trust) for the year ended 31 May 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr S R Sampson
Ashdown Hurrey Chartered Accountant & Business Advisers 20 Havelock Road Hastings East Sussex TN34 1BP
28 March 2024
Page 5
**VETERANS' GROWTH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2023**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
24,455
Other trading activities
4
8,946
**Total**
33,401
**EXPENDITURE ON**
Raising funds
238
**Charitable activities**
5
Charitable activities
56,618
Other
6
3,572
**Total**
60,428
**NET INCOME/(EXPENDITURE)**
(27,027)
**Transfers between funds**
13
82,975
**Net movement in funds**
55,948
**RECONCILIATION OF FUNDS**
Total funds brought forward
60,298
**TOTAL FUNDS CARRIED FORWARD**
116,246|Restricted
funds
£
172,570
-
172,570
408
174,184
216
174,808
(2,238)
(82,975)
(85,213)
132,159
46,946|31.5.23
31.5.22
Total
Total
funds
funds
£
£
197,025
215,091
8,946
9,458
205,971
224,549
646
3,351
230,802
190,319
3,788
5,469
235,236
199,139
(29,265)
25,410
-
-
(29,265)
25,410
192,457
167,047
163,192
192,457|
|---|---|---|
The notes form part of these financial statements
Page 6
**VETERANS' GROWTH**
## **BALANCE SHEET 31 MAY 2023**
|Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
11
3,674
Cash at bank
115,009
118,683
**CREDITORS**
Amounts falling due within one year
12
(2,436)
**NET CURRENT ASSETS**
116,247
**TOTAL ASSETS LESS CURRENT LIABILITIES**
116,247
**NET ASSETS**
116,247
**FUNDS**
13
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
46,945
46,945
-
46,945
46,945
46,945|31.5.23
Total
funds
£
3,674
161,954
165,628
(2,436)
163,192
163,192
163,192
116,247
46,945
163,192|31.5.22
Total
funds
£
3,657
191,053
194,710
(2,253)
192,457
192,457
192,457
60,298
132,159
192,457|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 March 2024 and were signed on its behalf by:
L Bell - Trustee
A Chipchase - Trustee
The notes form part of these financial statements
Page 7
**VETERANS' GROWTH**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023**
## **1. STATUTORY INFORMATION**
Veterans' Growth is a charitable incorporated organisation, registered in England and Wales. 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.
There are no material uncertainties in relation to the charity's ability to continue as a going concern, these financial statements have therefore been prepared on the going concern basis.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 8
**VETERANS' GROWTH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023**
|**3.**
**DONATIONS AND LEGACIES**
Donations
Grants
Grants received, included in the above, are as follows:
Other grants
**4.**
**OTHER TRADING ACTIVITIES**
Fundraising
**5.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Charitable activities
230,737
**6.**
**OTHER**
Business rates
Professional fees
Support costs
**7.**
**INDEPENDENT EXAMINERS' REMUNERATION**
Fees payable to the charity's independent examiners for the independent examination of
the charity's financial statements
Fees payable to the charity's independent examiners for payroll processing|Direct
Costs
£
230,737|31.5.23
£
12,406
184,619
197,025
31.5.23
£
184,619
31.5.23
£
8,946
Support
costs
£
65
31.5.23
£
-
210
3,578
3,788|31.5.23
£
12,406
184,619
197,025
31.5.23
£
184,619
31.5.23
£
8,946
Support
costs
£
65
31.5.23
£
-
210
3,578
3,788|31.5.23
£
12,406
184,619
197,025
31.5.23
£
184,619
31.5.23
£
8,946
Support
costs
£
65
31.5.23
£
-
210
3,578
3,788|31.5.22
£
33,059
182,032
215,091
31.5.22
£
182,032
31.5.22
£
9,458
Totals
£
230,802
31.5.22
£
171
750
4,548
5,469|
|---|---|---|---|---|---|
|||||31.05.23|31.05.22|
|||||£|£|
|||||||
|||||3,000|3,840|
|||||578|708|
|||||||
|||||3,578|4,548|
|||||||
continued...
Page 9
**VETERANS' GROWTH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023**
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2023 nor for the year ended 31 May 2022.
## **9. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Charitable activities
No employees received emoluments in excess of £60,000.|31.5.23
£
149,260
12,037
455
161,752
31.5.23
4|31.5.23
£
149,260
12,037
455
161,752
31.5.23
4||31.5.22
£
108,317
6,375
68
114,760
31.5.22
3|31.5.22
£
108,317
6,375
68
114,760
31.5.22
3|
|---|---|---|---|---|---|
|Total employee benefits for key management personnel|||||£
46,667|
## **10.**
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
41,559
Other trading activities
9,458
**Total**
51,017
**EXPENDITURE ON**
Raising funds
3,351
**Charitable activities**
Charitable activities
16,371
Other
5,469
**Total**
25,191
**NET INCOME/(EXPENDITURE)**
25,826
**Transfers between funds**
(10,620)
**Net movement in funds**
15,206|Restricted
funds
£
173,532
-
173,532
-
173,948
-
173,948
(416)
10,620
10,204|Total
funds
£
215,091
9,458
224,549
3,351
190,319
5,469
199,139
25,410
-
25,410|
|---|---|---|
continued...
Page 10
**VETERANS' GROWTH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023**
|**10.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||fund|funds|funds|
|||£|£|£|
||**RECONCILIATION OF FUNDS**||||
||Total funds brought forward|45,092|121,955|167,047|
||**TOTAL FUNDS CARRIED FORWARD**|60,298|132,159|192,457|
|**11.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||Other debtors||31.5.23
£
1,647|31.5.22
£
1,633|
||Prepayments||2,027|2,024|
||||3,674|3,657|
|**12.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||Social security and other taxes||31.5.23
£
(650)|31.5.22
£
(907)|
||Other creditors||-|159|
||Accrued expenses||3,086|3,001|
||||2,436|2,253|
continued...
Page 11
**VETERANS' GROWTH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023**
## **13. 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
Peoples Postcode Lottery
Screwfix Foundation
Nineveh Trust
Comic Relief
National Lottery - COVID-19
The Veterans Foundation
The Sussex Community Trust
Cowdfunder - Orchard
Crowdfunder - Family Days
Groundwork
PWC - SPF Grant
The Henry Smith
The Lawson Trust
Veterans Outreach
The Morrisons Foundation
Armed Forces Covenant - Afghan Fund
Armed Forces Covenant - Sustaining Support
Veteran's Lottery
Armed Forces Covenant
ABF The Soldiers
The Grocers' Charity
The Heritage Craft
Sussex Crisis Fund
Isabel Blackman
**TOTAL FUNDS**|Net
movement
At 1.6.22
in funds
£
£
60,298
(27,026)
2,067
(7,037)
4,633
(1,647)
1,352
-
50
-
77
-
3,321
-
191
-
232
-
13,625
(19,197)
40,745
10,866
10,000
-
749
-
203
-
-
6,897
66
(66)
2,500
-
5,000
(5,412)
13,790
-
20,000
(11,057)
3,721
(17,076)
9,837
(27,496)
-
48
-
58,671
-
7,646
-
5,000
-
1,300
-
(4,381)
-
702
132,159
(2,239)
192,457
(29,265)|Transfers
between
funds
£
82,975
4,970
(2,986)
(1,352)
(50)
(77)
(3,321)
(191)
(232)
5,572
(34,629)
(10,000)
(749)
(203)
(6,897)
-
(2,500)
412
(13,790)
(8,943)
13,355
17,659
(48)
(42,654)
-
-
-
4,381
(702)
(82,975)
-|At
31.5.23
£
116,247
-
-
-
-
-
-
-
-
-
16,982
-
-
-
-
-
-
-
-
-
-
-
-
16,017
7,646
5,000
1,300
-
-
46,945
163,192|
|---|---|---|---|
continued...
Page 12
**VETERANS' GROWTH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023**
## **13. 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
National Lottery - COVID-19
The Veterans Foundation
Groundwork
PWC - SPF Grant
The Lawson Trust
The Morrisons Foundation
Armed Forces Covenant - Afghan Fund
Armed Forces Covenant - Sustaining Support
Veteran's Lottery
Armed Forces Covenant
ABF The Soldiers
The Grocers' Charity
The Heritage Craft
Sussex Crisis Fund
Isabel Blackman
**TOTAL FUNDS**|Incoming
resources
£
33,401
-
-
-
18,100
7,750
-
-
-
-
-
-
128,420
10,000
5,000
1,300
-
2,000
172,570
205,971|Resources
Movement
expended
in funds
£
£
(60,427)
(27,026)
(7,037)
(7,037)
(1,647)
(1,647)
(19,197)
(19,197)
(7,234)
10,866
(853)
6,897
(66)
(66)
(5,412)
(5,412)
(11,057)
(11,057)
(17,076)
(17,076)
(27,496)
(27,496)
48
48
(69,749)
58,671
(2,354)
7,646
-
5,000
-
1,300
(4,381)
(4,381)
(1,298)
702
(174,809)
(2,239)
(235,236)
(29,265)|
|---|---|---|
continued...
Page 13
**VETERANS' GROWTH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023**
## **13. MOVEMENT IN FUNDS - continued**
## **Comparatives for 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
Peoples Postcode Lottery
Screwfix Foundation
Nineveh Trust
Comic Relief
Lennox Hannay
National Lottery - COVID-19
The Veterans Foundation
The Sussex Community Trust
Cowdfunder - Orchard
Crowdfunder - Family Days
D'Oyly Carte
Groundwork
PWC - SPF Grant
The Henry Smith
The Lawson Trust
Veterans Outreach
The Morrisons Foundation
Armed Forces Covenant - Afghan Fund
Armed Forces Covenant - Sustaining Support
**TOTAL FUNDS**|Net
movement
At 1.6.21
in funds
£
£
45,092
25,826
-
2,067
21,682
(17,049)
1,410
(58)
50
-
8,401
(8,324)
3,321
-
702
(511)
232
-
3,213
(3,818)
49,048
(35,423)
20,000
20,745
10,000
-
3,693
(2,944)
203
-
-
(2,513)
-
(3,862)
-
(3,574)
-
2,500
-
5,000
-
13,790
-
20,000
-
3,721
-
9,837
121,955
(416)
167,047
25,410|Transfers
between
funds
£
(10,620)
-
-
-
-
-
-
-
-
605
-
-
-
-
-
2,513
3,862
3,640
-
-
-
-
-
-
10,620
-|At
31.5.22
£
60,298
2,067
4,633
1,352
50
77
3,321
191
232
-
13,625
40,745
10,000
749
203
-
-
66
2,500
5,000
13,790
20,000
3,721
9,837
132,159
192,457|
|---|---|---|---|
continued...
Page 14
**VETERANS' GROWTH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023**
## **13. MOVEMENT IN FUNDS - continued**
Comparative 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
Peoples Postcode Lottery
Nineveh Trust
Lennox Hannay
National Lottery - COVID-19
The Veterans Foundation
Cowdfunder - Orchard
D'Oyly Carte
Groundwork
PWC - SPF Grant
The Henry Smith
The Lawson Trust
Veterans Outreach
The Morrisons Foundation
Armed Forces Covenant - Afghan Fund
Armed Forces Covenant - Sustaining Support
**TOTAL FUNDS**|Incoming
resources
£
51,017
10,000
9,927
-
-
-
-
-
30,000
-
4,000
8,250
21,355
2,500
5,000
20,000
20,000
17,500
25,000
173,532
224,549|Resources
Movement
expended
in funds
£
£
(25,191)
25,826
(7,933)
2,067
(26,976)
(17,049)
(58)
(58)
(8,324)
(8,324)
(511)
(511)
(3,818)
(3,818)
(35,423)
(35,423)
(9,255)
20,745
(2,944)
(2,944)
(6,513)
(2,513)
(12,112)
(3,862)
(24,929)
(3,574)
-
2,500
-
5,000
(6,210)
13,790
-
20,000
(13,779)
3,721
(15,163)
9,837
(173,948)
(416)
(199,139)
25,410|
|---|---|---|
## **Description of Restricted Funds**
Sussex Community Fund: To ensure the charity could make good use of the site, for materials, PPE, transport and management costs.
Armed Forces Covenant - Positive Pathways: Funding towards the Social and Therapeutic Horticulture (STH) for Veterans project.
Armed Forces Covenant - Local Grant: Funding towards the Social Therapeutic Horticulture (STH) Pilot Scheme project.
PCC for Sussex: Funding not to be used for core costs.
Peoples Postcode Lottery: Grant towards staff salaries.
Screwfix Foundation: Funding towards building refurbishment costs.
Nineveh Trust: Grant for staff costs.
Comic Relief: Funding for the big barn project, making the barn safe for use during courses.
Lennox Hannay: Funding for the up keep of Veterans' Growth to ensure the charity continues to comply with health and safety laws.
National Lottery - COVID-19: Funding for staff costs.
continued...
Page 15
**VETERANS' GROWTH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023**
## **13. MOVEMENT IN FUNDS - continued**
The Veterans Foundation: Funding to cover staff costs. Providing Social and Therapeutic Horticulture (STH).
The Sussex Community Trust: Grant funding to assist with family days coming out of COVID and beyond.
Crowdfunder - Orchard: Online campaign towards orchard plants in January 2022.
Crowdfunder - Family Days: Funding campaign towards the cost of family days throughout the year.
D'Oyly Carte: Providing Social and Therapeutic Horticulture (STH).
Groundwork: Providing the skills to grow your own veg to veterans and familys.
PWC - SPF Grant: Suicide prevention daily costs.
The Henry Smith: Providing Social and Therapeutic Horticulture (STH).
The Lawson Trust: Providing Social and Therapeutic Horticulture (STH).
Veterans Outreach VPPP: The Veterans' Places, Pathways and People programme is funded through the Veterans' Mental Health and Wellbeing Fund. It will provide grants for the sustainable provision of places of safety and pathways of support across the United Kingdom.
The Morrisons Foundation: Renovation of Oast House, accessibility.
Armed Forces Covenant - Afghan Fund: Support to veterans throughout the withdrawal of Afghanistan.
Armed Forces Covenant - Sustaining Support: Providing support to the charity after the pandemic.
## **Transfers between funds**
The transfers between funds relate to the correction of restricted fund balances at the end of the accounting period. This is due to prior accounting periods not reflecting all restricted expenditure.
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 May 2023.
Page 16