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2025-02-28-accounts

Annual report & financial statements

for the period ending 28 February 2025

Registered Charity in England No: 1205802

Annual Report p 2-5 Financial Report p 6-10 Independent Examiner’s Report Appx 1

Annual report and financial statements – Period ending 28 February 2025

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity: Friends of the Storey Gardens Registered Charity No: 1205802 Address: Friends of the Storey Gardens C/o 23 Regent Street, Lancaster LA1 1SQ Trustees: Lucas Introna (Chair) Diane Lamb (Secretary) Dave Brookes (Treasurer) Sue Pope Alan Sandham Bridget Cook (from 29/10/2024) Bankers: Lloyds Bank Limited PO Box 1000, Andover, Hampshire, BX1 1LT

Independent Examiner: Jane Parker, Greenways, Sunnyside Lane, Lancaster, LA1 5ED

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure: Friends of the Storey Gardens was registered as a charity on 20 November 2023.

Governing Documents: Constitution adopted 20 November 2023. Trustees: Trustees are elected each year at the Annual General Meeting, and are eligible for re-election at the expiry of their term of office (normally three years). In addition Trustees may be co-opted during the year.

OBJECTIVES AND ACTIVITIES

Aims and Objects

To restore, preserve, improve and enhance the area known as the Storey Gardens in Lancaster, Lancashire, for the benefit of the local community and the wider public.

Public Benefit

The trustees consider that the above aims and objects have been carried out in such a manner throughout the year as to have complied with their duties under s.17 of the Charities Act 2011, having due regard to the Charity Commission public benefit guidance. Further details of activities available is given in the review of the year.

Reserves and investment policies

The Trustees consider that in the absence of any contractual obligations, the charity should hold a minimum level of reserves of £1000 to cover any unforeseen urgent expenditure.

The Trustees’ investment policy has been to choose the best interest bearing instant access savings account available from the Trustees’ existing bankers. General funds are kept in the current account and restricted funds in the savings account.

The Trustees will review these policies on a regular basis.

Risk assessment

The Trustees do not believe that they are subjected to any substantial risks beyond the liabilities disclosed in the Report and Accounts.

Annual report and financial statements – Period ending 28 February 2025

2

REVIEW OF THE YEAR

1. Governance

Bridget Cook was co-opted as a trustee to represent the gardening team on the board of trustees. To better guide and focus our work, we have developed a long-term development plan. This plan outlines FOSG’s medium- and long-term objectives and will serve as the foundation for our annual planning and fundraising efforts. Additionally, FOSG has renewed its Memorandum of Understanding with Lancaster City Council, the owners of the gardens.

2. Volunteer engagement

Volunteering is central to everything FOSG does, with a dedicated group generously contributing 4607 volunteer hours over the past financial year. These hours are distributed as follows:

Based on the 2024 average volunteer hourly rate in England of £17.76, the total value of FOSG’s volunteer contributions approximately £81 864 for the year. This figure highlights the significant economic and community impact of the volunteers.

3. Gardening

In line with our charitable mission to restore, preserve, improve, and enhance the Storey Gardens for the benefit of the public, a great deal of effort goes into their ongoing care and development. Alongside regular tasks such as garden maintenance, planting, preparing plants for sale, and welcoming visitors, several new initiatives were also introduced.

4. Recreating and Maintaining the Artwork

A major ongoing project for FOSG is the recreation of The Tasting Garden , an artwork originally created by environmental artist Mark Dion. The following main activities were undertaken:

All work is being carried out in consultation with Mark Dion and his UK representative, Robert Williams, to remain faithful to the original vision of the artwork.

Annual report and financial statements – Period ending 28 February 2025

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5. Special Events

The Storey Gardens hosts a variety of special events throughout the year. Recent highlights include:

6. Other Engagement Activities

FOSG collaborates with a variety of charity and community groups that use the gardens to deliver their programmes. This includes, for example:

7. Web and social media

Engaging with our online audience is an important part of our work as a small charity, and we are encouraged by the positive trends in our engagement analytics. The FOSG website received 3151 unique visits, with 7398 pages viewed and an average of 2.35 pages viewed per unique visitor. Our Facebook account has 634 followers, and our Instagram account has 420 followers.

In summary: This has been a vibrant and rewarding year for FOSG, filled with activity, growth, and community involvement. We are deeply grateful to our incredible volunteers, whose generosity, time, and dedication have helped make the Storey Gardens a welcoming and inspiring space for everyone to enjoy. Our heartfelt thanks also go to Lancaster City Council for their continued support and partnership—together, we are making a real difference.

Prof. Lucas Introna (Chair) - April 2025

Annual report and financial statements – Period ending 28 February 2025

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ACCOUNTING AND REPORTING RESPONSIBILITIES

The trustees are responsible for preparing financial statement for each financial year, which give a true and fair view of the Trustees’ financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to:

  1. select suitable accounting policies and then apply them consistently.

  2. make judgements and estimates that are reasonable and prudent.

  3. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures and explained in the accounts.

  4. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Trustees will continue on that basis.

The Trustees are responsible for

  1. keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable it to ensure that the annual financial statements comply with the Charities Act 2011.

  2. safeguarding the Charity’s assets and hence for taking reasonable steps for preventing and detection of fraud and other irregularities.

Approved by the Trustees on 22nd April 2025 and signed on their behalf by:

Chair

Signature

Lucas Introna

Treasurer Signature

Dave Brookes

Annual report and financial statements – Period ending 28 February 2025

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RECEIPTS AND PAYMENTS

Receipts and Payments (Unrestricted)

General Fund
Income
Membership donations
Plant sales
Income via Donate
Open day donations
General donations
Artwork donations
Spacehive campaign
Gift Aid
Grants
Bank interest
2025 2025
Expenditure
Artwork restoration
Tools & garden supplies
Publicity materials
Web domain & hosting
Composting project
165
850
427
111
604
4225
11761
2325
3000
148
13447
391
40
209
1020
Surplus/(Deficit) of Income
over Expenditure (before
fund transfers)
Balance at 19/11/2023
Net transfers from/(to)
funds
Balance at 28 Feb 2025
23616
8509
4781
(9788)
15107
3502

Annual report and financial statements – Period ending 28 February 2025

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RESTRICTED FUNDS

Lancashire County Council Members Grants (2014)

Balance b/f 20/11/23 Income Expenditure Balance c/f 28/02/25
990 - - 0

Lancashire County Council members awarded grants totalling £990 for garden design in 2014. This was not spent at the time due to a change in policy direction. Return of the grant monies was offered but declined. The grant was spent in 2024 on design work for the composting project.

Lancaster University Wind Turbine Community Benefit Fund

Balance b/f 20/11/23 Income Expenditure Balance c/f 28/02/25
1650 - 1650 0

Lancaster University Wind Turbine Community Benefit Fund awarded a grant of £1650 to contribute to the costs of restoring The Tasting Garden fruit sculptures.

Lancashire County Council Members Grants (2023)

Balance b/f 20/11/23 Income Expenditure Balance c/f 28/02/25
- 1113 1113 -

Lancashire County Council members awarded grants totalling £1113 to contribute to the costs of restoring The Tasting Garden fruit sculptures.

Artwork donations

Balance b/f 20/11/23 Income Expenditure Balance c/f 28/02/25
275 4225 - 4500

Donations were received from Lancaster University and a number of private donors totalling £4225 to contribute to the costs of restoring The Tasting Garden artwork.

Spacehive crowdfunding campaign

Balance b/f 20/11/23 Income Expenditure Balance c/f 28/02/25
- 11761 11761 0

The Spacehive crowdfunding campaign raised £11761 to contribute to the costs of restoring The Tasting Garden artwork.

Annual report and financial statements – Period ending 28 February 2025

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Gift Aid

Balance b/f 20/11/23 Income Expenditure Balance c/f 28/02/25
- 2325 36 2289

Gift Aid was claimed on eligible artwork and Spacehive donations and treated as restricted funds to contribute to the costs of restoring The Tasting Garden artwork.

Finnis Scott Foundation

Balance b/f 20/11/23 Income Expenditure Balance c/f 28/02/25
- 3000 0 3000

The Finnis Scott Foundation awarded a grant of £3000 to contribute to the costs of restoring the Tasting Garden paths.

Annual report and financial statements – Period ending 28 February 2025

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STATEMENT OF ASSETS AND LIABILITIES

Statement of Assets and Liabilities

Funds

Funds
2025 2025
Unrestricted Funds
- General Fund
Bank Accounts
3502
- Current Account
- Savings Account
3502
9789
Restricted Funds
- LCC Members 2014
- LU Wind Turbine
- Artwork donations
- Spacehive campaign
- Gift Aid
- Finnis Scott Foundation
-
-
4500
-
2289
3000
13291 13291

Approved by the Trustees on 22 April 2025

and signed on their behalf by:

Chair

Signature

Lucas Introna

Treasurer Signature

Dave Brookes

Annual report and financial statements – Period ending 28 February 2025

9

Notes to the Accounts:

1 Accounting Policies

1.1 Basis of preparation

These financial statements have been prepared on an income and expenditure basis in accordance with the Charities Act 2011, and the Charities Statement of Recommended Practice (Charities SORP March 2005). The Trustees have taken advantage of the provisions not to disclose minor departures from the SORP given that the total income of the Charity is below £100,000.

1.2 Income, grants and donations receivable

A donation or grant to the Friends of the Storey Gardens is recognised when received.

1.3 Bank Interest

Bank interest is recognised when received. All bank interest is treated as unrestricted income to the General Fund.

1.4 Fund accounting

General funds represent the funds of the Trustees that are not subject to any restrictions regarding their use, and are available for application on the general purposes of the Trustees.

Where income is received for a specified purpose, the amount concerned is treated as a ‘restricted’ and is applied to the appropriate ‘restricted fund’.

The Trustees do not hold any capital/endowment funds at the present time, and therefore no figures are shown in these accounts.

All transactions have been applied to the appropriate fund.

Annual report and financial statements – Period ending 28 February 2025

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Independent Examinef s Report to the Trustees of the Friends of the Storey Gardens Charitsble Incorporated Or9anisation (Xhe CIO I report to the charity tnJstees on my examination of the accounts of the CIO th for the period from 20 November 2023 to 28 February 2025. Responsibilities and basis of the report As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Art 2011 he Act"). I report in respect of my examination of the CIO'S accounts carried out under section 45 of the 20ll Act and in carrying out my examination I have followed all the applicable Dirertions given by the Charity Commission under section 145 (5) (b) of the Act. Independent examinerfs statement I have completed rny examination. I confim that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: a) accounting records were not kept in respect of the CIO as required by section 130 of the Act. or b) the accounts do not accord with these records. I have no concerns and have come across no other rnatters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accountsto be reached. Jane Parker Greenways, Sunnyside Lane, Lancaster LAI SED 24 March 2025