Green Bean Trust Report and Accounts for the period ended 31 December 2024 Registered Charity No: 1196167 Green Bean Trust Legal and •Jmlnlstrative inforniation Trustees: Graham R Barker Professor Michael Askew John Wills Registered Charity No: 1196167 Date esLiblished: 28 March 2021 Address: The Old Bakery 4 Stepney Green London El 3JU Bank: Coryoperative Bank plc l Balloon Street Manchester M604EP Trusteeg report The Trustees present their report and financial ststements for the period ended 31 December 2024. Objectlves Green Bean Trust (the Yrust") is a registered charity. constituted as a Charitable Incorporated Organi5atlon. It was established in 2021 by Graham Barker and his fellow Trustees to support charitable projects for the public benefit under three main strands: architettural and social heritage; woodlands, waterways and natural environments; housing and skills. The area of benefit of the Trust ￿ UK wide, with priority given to applications that will benefit individuals or communitles In Lelcestef. Leicestershire, Tower Hamlets and other inner London boroughs. The Trust is not open to unsolicited 3pplitrations- instead, the TrLJStees seek out projects and organisations aligned to the Trusys objectives and prioritie Activities In March 2024, it was agreed to provide one grant Iwith another organisation invited to apply, but declining to do sol: Lei¢estershire & Rutland Wildlife Trust (£750) Open to the public 311 year round, Altsr Stones Nature Reserve near Markfield, Leicestershire comprises rough heath grassland. stone walls and rocky outcrops Icomp05ed of Precambrian volcanic ash, tuffs and slump brecci3sI. The grasses, herbs and lichens that thrive here are diverse and, in some cases, very rare in Leicestershire. Altar Stones is, however, currently absent of areas of open water so. with help from our grant, LRWT will dig a new 60 square metre pond, creating a habitat for a wide range of wetland species such a5 dragonflies. palmate newts and water-borne invertebrates. Trusteeg responsbllltles for the flnancial statements Charity law requires the Trustees to prepare financial statements for each finanaal 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 finanoal statements, the Trustees are required to: Seleci Suitable accounting policies and apr4y them consistently; Make judgements and estimates that are reasonable and prudent: Prepare the financial statements on a going concern basis, unless it is inappropriate to presume that the ch3ritywill continue in operation. and State whether applicable accountlng standards of recommended prartice have been followed subjert to any departures disclosed and explained In the financlal statements. The Trustees are responslble for keeping proper accounting records and disclosing with reasonable accuracy at any time the financial position of the charity to enable the Trustees to prepare financial statements. The Trustees are responsible for safeguarding the assets of the charity and hence fortskin8 reasonable steps for the prevention offraud and other irregularities. This report was approved by the Trustees on 31 March 2025 and signed on their behalf by: Trustee Trustee Green 8ean Trust Statement of financial artSvltles for the period ended 31 December 2024 Notes 2024 2023 Income: Donations Dividend income Interest income Total income io,ooo 3.194 81 13,275 10.000 2,571 12,571 Expenditure: Grants made Administration costs Total expendlture 750 1.300 750 1,300 Net incomel (expenditure) 12.525 11,271 Investment revaluation 2,465 735 Fund balan￿$ brought fo￿ard 65,105 53,099 Fund balance5 carried forward 80,095 65.105 Green Bean Trust Balance Sheet as at 31 tlecember 2024 Notes 2024 2023 fixed assets: Investments Property, equipment 73.223 60,758 73.223 60.758 cuf￿nt assets: Cash (current and 5avin8s accounts) Debtors and prepayments Totsl current a55ets 6,872 4,347 6.872 4,347 Creditors: amounts fallin8 due within one year Total net assets Represented by Revenue reserves The financial statements were 4>proved by the Trustees on 31 March 2025 and signed on their behalf by- (, AILJ Trustee Trustee Green Bean Trust Notes to the accounts for the year erbded 31 December 2024 l Accounting policies Basls of preparatlon: The financial statements have been prepared in accordance with the Financial Reporting Stsndard in the UK and Republic of Ireland {FR5102), and the Accounting and Reporting by Charities- Statement of Recommended Pr3tt1ce applicable to charities preparing their accounts in accordance with FR5102-the Charities SORP (FR51021. a5 modified for smaller charitie5. The charity meets the definition of a public benefit entity as defined under FRSIO2. A¢¢ountlng for Income: Donations investment.income and sundry income are accounted for on a receipts basis. Resources expended are recognised in the period in whith costs are incurred. Resources expended include attributable VAT. which cannot be recovered. Accountlng for purchases with an expetted Ilfe of MO￿ than one year. it has been considered prudent to write off the costs of such items in the year of purchase. Depreclation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follow5: freehold land and property {nill and fixtures, fittings and equipment 120% stralght line), 2 Investments Pur¢hase cost Market value at 31 Dec 2024 M&G Charity Multi Asset Fund {Income Units) 78.878.971 units Total 3 Staff numbers and costs There are no paid employees. Trustees are not remunerated. but can claim reimbursement of eligible out-of-pocket expenses. No suth reimbursements were claimed in 2024.