Green Bean Trust Report and Accounts for the period ended 31 December 2023 Registered Charity No.. 1196167 Green Bean Trust Legal and administrative Informatlon Trustees: Graham R Barker Professor Michael Askew John Wills Registered Charity No.. 1196167 Date established.. 28 March 2021 Address.. The Old Bakery 4 Stepney Green London El 3JU Bank: Co-operative Bank plc l Balloon Street Manchester M60 4EP Trustee￿ report The Trustees present their report and financial statements for the period ended 31 December 2023. Objectives Green Bean Trust (the Yrusv) is a registered charity, constituted as a Charitsble Incorporated Organisation. It was established in 2021 by Graham Barker and his fellow Trustees to support tharitable projects forthe public benefit under three main strands.. architectural and social heritage. woodlands, waterways and natural environments- housing and skills. The area of benefit of the Trust is UK wide. with priority given to applications that will benefit individuals or communities In Leicester, Leicestershire, Tower Hamlets and other inner London boroughs. The Trust is not open to unsolicited applications; instead, the Trustee5 seek out projects and organisations aligned to the Trusys objertives and priorities. Artlvltles In March 2023, it was agreed to provide grants to two organisations: The National Forest Cornpany {£800) A Brant to contribute towards the creation of a new community orchard at Brookvale Wood, located on the edge of the village of Groby in Leicestershire. The new orchard will comprise approximately 20 fruit trees- including some newer varieties of pear, apple, plum and cherry that will be more resilient to climate change- plus a foraging hedgerow of edible fruits and nuts such as elder, hazel, dogrose and blackberry. Once the orchard is established it will provide ongoing opportunities for outdoor learning and community events. such as Blossomfest each spring and Apple Day celebration5 each autumn. Derbyshlre Wlldlife Trust1£5￿) Aqueduct Cottage is a former lock-keeper's cottage built in 1802 beside the Cromford Canal in Derbyshire. It has undergone a remarkable transformation over recent years- from derelict ruin to a beautifully restored activity space and visitors. gateway to Lea Wood Nature Reserve-thankstothe ongoing work of project manager Ron Common and his team of dedicated volunteers. Our grant contributed to providing a 410-Watt solar panel - mounted on the roof of the wash house- which. coupled with two batteries and a power control module, enables four lighting zones124 LED lights) inside the cottage to be powered renewably. Aqueduct Cottage opened in Marth 2023 and has already attrarted thousands of visitors. Trustee< responslbilities for the flnanclal statements Charity law required the Trustees to prepare financlal statements for each financlal period which show the state of affairs of the charity and of net income or expenditure of the charity for that period. In preparing those financial statements, the Trustees are required to: Select suitable accounting policies and apply them consistently. Make judgements and estimates that are reasonable and prudent- Prepare the financial statements on the going concern basis. unless it is inappropriate to presume thatthe tharitywill continue in operation; and State whether applicable accounting standards of recommended prattice have been followed subject to any departures disclosed and explained in the financial statements. The Trustee5 are responsible for keeping proper accounting records and disclose with reasonable accuraLry at any time the financial position of the charity and enable the Trustees to prepare financial statements. The Trustees are responsible for safeguarding the assets of the charity and hence for takin8 reasonable step5 for the prevention of fraud and other irregularlties. This report was approved by the Trustees on 20 August 2024 and signed on their behalf by.. Trustee Trustee Green Bean Trust Statement of flnancial activities for the period ended 31 December 2023 Notes 2023 2022 Income: Donations Dividend income Interest income Total income io,oc 2,571 52,000 1.076 12.571 53.076 Expenditure: Grants made Administration costs Total expendfture 1,300 1,31KI Net income/ (expenditure) 11,271 53,076 Investment revaluation 735 23 Fund balances brought forward 53,099 Fund balances carried forward 65,105 53,099 Green Bean Trust Balance Sheet as at 311)￿mber 2023 Notes 2023 2022 Flxed assets: Investments Property. equipment 60,758 50,023 60,758 50.023 Current assets: Cash Icurrent and savings accounts) Debtors and prepayments Total ¢urrent assets 4,347 3,076 4,347 3,076 Creditors: amounts falling due within one year Total net assets Represented by Revenue reseThes The financial statements were approved by the Trustees on 20 August 2024 and signed on their behalf by.. Trustee Trustee Green Bean Trust Notes to the accounts for the year ended 31 December 2023 l Accountlng pollcles Basls of preparation: The financial statements have been prepared in accordance with the Financial Aeporting Standard in the UK and republic of Ireland IFRS1021, and the Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with FR5102- the Charities SORP IFR51021, as modified for smaller charities. The charity meets the definition of a public benefit entity as defined under FRSIO2. Accounting for income: Donations, investment income and sundry income are accounted for on a receipts basis. Resources expended are recognised in the period in which costs are incurred. Resources expended include attributsble VAT, which cannot be recovered. Accounting for purchases with an expected life of more than one year: It has been considered prudent to write off the costs of such Items in the year of purchase. Depreciatton is provided at rates calculated to write off the cost of each asset over its expetted useful life. as follows: freehold land and property Inill and fixtures, fittings and equipment120% straight line). 2 Investments Purchase cost Market value at 31 Dec 2023 M&G Charity Multi Asset Fund (Income Units) 67.6H.278 units Total 3 Staff nurnbers and costs There are no paid employees. Trustees are not remunerated, but can claim reimbursement of eligible out-of-pocket expenses. No such reimbursements were claimed in 2023.