REGISTERED COMPANY NUMBER.. 1360536 (England and Wales) REGISTERED CHARITY NUMBER: 275608 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2024 FOR JUBILEE GARDENS119781 LIMITED Haines Watts Chartered Accountants & Slatulory Audiltsrs Old Station House Stslion Appro8¢h Swindon Willshire SN1 3DU
JUBILEE GARDENS119781 LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2024 Page Report of the Trustees RgPQrt of the Independent Auditors Statement of Flnanclal Activitles Statement of Financial Position 10 Notes to the Financial Statements 11 to 18
JUBILEE GARDENS119781 LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2024 The truslees who are also directors ol the charily for the purposes of the Companies Act 2006, present their report with the financial statemenis of thè charity for the year ended 30 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Recomrnended Practice applicable lo charilitss preparing their accounts in accordance with the Financial Reporting Standard applicable in thè UK and Republic of Iieland IFRS 1021 lefftrclive 1 January 20191- OBJECTIVES AND ACTNITIES Objectives and aims The ¢ompany is a registered charity (charity registered number 2756081 and is principally engaged in proiriding horticultural training for adults with learning disabilities. This activity continued throughout the year. The object for which the Company is estsblished is lo promote and provide for the advancement of education and training of people with learning disabilities and lo promot8 the development of horticultural skills whilst maintaining growth in literacy and social skills. The directors re¢ognis& the signnlcanl contributions made by volunteers, who give freely of their lime. The directors revi&w the aims, objectives and activities each year. This review looks al what we achieved and the outcomes ol our work in the previous 12 months. The review looks al the success of each key activity and the benefits Ihtry have brought lo those groups of people we are set up to help. Significant a¢tlvltlos The Project has achieved the successful provision of a stable environment for Jubilee's students lo experienc8'. il social Inleracllon with fellow students and the public ill support to develop their basic life skills iiil the developrnenl of horticultural skills in Jubilee's greenhouses and extensive gardens iv) the opportunity lo operat& as team members sUPPOrting the seasonal horticultural activities Public beneflt The trustees h8ve referred lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our fLJlure aclivilies. In particular, the trustees consider how planned activities will contribute to the aims and obje¢lives they have sel. Page 1
JUBILEE GARDENS119781 LIMETED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2024 FINANCIAL REVIEW Financial p051tion The financial position of the charity al the yearend is sel out on page 11. The company received income from Social Services of £121,898 12023.. £85,388) for their services. With sales, interest and other income the company had a gross inrne in the year of £147.09612023'. £131.9001. This resLJlled in an unreslricled fund balance carried forward, lo provide a minimum level of working capital ovèr the remaining years, of £66,29512023.. £76,025). Of this £10,000 has been sel aside as a designated siaff conb'ngency fund and £24.000 for a replacement minibus. Al 30 March 2024 the charity had free reserves lunrestricled reserves l&ss funds lied up in fixed assets) of £14,91012023'. £20.4711. £nil of restricted funds were held al the year-end12023.. £nill. The company has no investments other than savings accounts with Bardays Bank. The Directors continue lo recognise the difficuY( economic climate, particularty in the area ol public finances, which continues to represent the vast majority of our income. AttelldaN fees. once again, rernain below the levels al which we WOLJld ideally sel them, particularly as costs conlinue to escalate, bul opportunities for increases in the current climate remain extremely Iirnfted and the Directors remain committed lo a wAicy of charging all students on an equal basis. The Directors are also aware that the main element of funding for the Project comes from fundlng for students supplied by Wiltshire Council and Swindon Council. Polenli81 changes in funding packages for existing students will make it important for the Project lo seek new students with fLJnding packages. The Directors will continue trj liaise with the local authorities and with other funding inslilLJlions with the intention of ensuring the Continuing viability ol the Project. The Directors 8re also mindful that the Projed is currently operating al a lower atten(Sancè rate than historically anL8 that student numbers need to be increased back lo their historical levels lo ensure the ntinuing viability of the Project. The Directors will continue in their efforts lo idenlify and recnjil new students. FUTURE PLANS To continue lo provide the platform and support for Jubilees students wlh learning disabilities in an effedive way whilst operating wilhin the limited budget available. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng documant The charity is controlkd by ils governing document, a deed of trust, and conslilules a lirniled company, limil¢d by guarantee, as defined by the Companies Act 2006. The charity Is a registered charity and incorporated as a company wSlh share capital. 11 is governed by Rs Memorandum and Articles ofAsso¢iation. The trustees who served during the year are sel out on page 1. Recruitment and appolntmant of now trustees The Trustee of the charity is the Company and the powers of the Company are oxercised by the Board of Management. The Board advertises va¢an¢iés in the local area and seek5 to re¢wit local people with appropriate expertise that is relevant lo the needs of the Charity. Prospective trustees are interviewed by the Chairman and serve a brief probationary period before being confirmed as directors of the company. Each new director is given a sumrnary of the principal documents of the Cornpany lo explain how the company operates. From lime lo lime the Board hold5 lfftining sessions to deal with emerging issues and the long term planning for the objectives of the Company. Organl$atlonal structure Under the Articles of the Cornpany, the Chairman of the Board is the Managing Director of the Company and deals wth deals issues such as fund raising from extern81 sources and long term objectives. Day to day management Is dolegated lo the Principal who is the Companrfs most senior employee. Page 2
JUBILEE GARDENS119781 LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Key management remuneration The remuneration of staff is kept under annual review and is sel by the Board after taking account of the pValling economic situation and the financial circumstanS of the Cornpany. Rlsk management The Board has a strong policy of ensuring that thè charity continues lo fundion effectively. The main risk is the possibilily that student numbers may fall below the optimum level lo enable the charity lo continue to function or that the funding streams for individual students may cease and reduce the finan¢ial viability ol the charity. The Board keeps this risk under review by assessing the current ¢ir¢umslances of each sludenl ant each Board m8gting and assessing whether the risk of that sludenl ceasing lo allend or be funded is high, medium or low. Ea¢h Board meoting contains thg following agenda items.. {al Report ol Student numbers and the analysis of risk of any sludenl no longer being fijnded {bl Action lo enrol students {cl Donations and granls The princlpal is aulhorised lo pursue the recrijitment of new students and to maintain effective working relationships wlh the relevant offi¢ers of Wiltshire Council and report on the current siluatlon lo oa¢h Board Meeting. The second Fnain risk is the need for succession planning to ensu Ihal on the retirement of the Principal the Company is in a posilic>n lo rtscruil a qualified and competent successor. The Board has recently revigwed the arrangements that need lo be pul in place and is in discussion with the principal to ensure that therg is provision for all organised handover of the responsibilities of the Principal. The third main risk is that the charity's buildlngs may suffer deterioration and need 5ubslanlial repair. The board keeps the slate of the buildings under constsnl review and maintsins a reserve fund for the upkeep ol the buildings REFERENCE AND ADMINISTRATIVE DETAILS Règlstarad Company number 1360536 (England and Wales) Rogistered Charity number 275608 R8glstered office Church BLJsh Hall Cricklade Road Purton Stoke SN5 9BU Trustees Mr J D Bellamy Mr P F Kinsman MrRJScott Mr C Gannicott Iresigned 19.6.231 Mrs C T Hyland Senior Science Technician lappointed 19.6.231 Company Secretary Mr J N Crawford Page 3
JUBILEE GARDENS119781 LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Auditor5 Haines Watts Chartered A0UntantS & Statutory Auditors Old Slalion House Station Approach Swindon Wilishire SN13DU STATEMENT OF TRUSTEES. RESPONS181LITIES The Iruslees Iwho are also the directors of Jubilee Gardens119781 Lirnited for the purposes of company lawl are responsible for preparing the Report of the Tru51ees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practicel including Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in th8 UK and Republic of Ireland" Company law requires the Irusle8s to prepare financial slalements for each financial year which give a true and fair view of the slate ol affairs of the charitable company and of the incoming resources and application of resoLJr¢es, including the income and expenditure, of the charitable company for that period. In preparing those financial slalemenls, the trustees are required lo select suitable accounting tH)licles and then appty them conslstently., observe the methods and principles in the Charity SORP., make judgements and eslimales that are reasonable and prudent., prepare th& financial statements On thè going concern basis unless it is inappropriate lo presume that th& ch8rilable company TMII continu8 in business. The Irusleos a responsible for keeping propèr accounting records which disclose wlh reasonable accuracy al any lime the financial position of the charitable company and to enable them to ensur¢ that the financial slalemenls comply with the Comp8nies Ad 2006. They are also responsible for safeguarding the assets of the charitsble Company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there is no relgvanl audit information of which the charitae company's auditors are unaware.. and the trustees have taken all steps that they ought lo have taken lo mak& themselves aware of any relevant audit information and to establish that the auditors are aware of that infomalion. AUDITORS The auditors. Halnes Watts, will be proposed for re-appoinlmenl al the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 of the Cornpanies Act 2006 rèlating lo small companies. Approved by order of the board of trustees on 9th July 2024 and signed on ils behalf by: Mr P F Kinsman- Trustee Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF JUBILEE GARDENS119781 LIMITED Opinlon We have audited the financial stalemenls of Jubilee Gardons119781 Limited (the 'charilable company'l for the year ended 30 March 2024 which comprise the Statement of Financial A¢tivilies, the Statement of Finanrjal Position and notes lo the financial statements, including a surnmary of significant accounting poli¢ies. The financial reporting framework that has been applied in their preparation is appli¢8ble law and United Kingdom A¢counling Standards Iuniled Kingdom Generally Accepted A¢¢ounling Praclicel, inclLJding FinancAal Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements.. give a true and fair view of the stale of the charitable company's affairs as al 30 March 2024 and of ils Incoming soUrCeS and application of resources, including its in¢ome and expendilLJre. for the year then ended.. have been proper prepared in accordance with United Kingdom Generalty Accepted Accounting Practi. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republi¢ ol Ireland and have been prepared in acwrdance with the requirtsments ol the Companies Acl 21KJ6. Basi5 for opinion We conducted our audit in accordance with Inlemats'onal Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibililitss under those standards are further (Sescribed in the Auditors. responsibilities for the audit of thè financial statements section of our report. We are indopendenl of the charitsble company in accordan¢e with the ethiral requirements that ara relevant to OLJr audit of Ihts financial slalements in the UK, in¢luding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordanco with these requirements. We believe that the audit evidence we have obtained is sufficient and 8ppropriale lo piovide a basis for our opinion. Conclusions relatlng to going concèm In auditing the financial slalemenls, we have concluded that the trustees, use of the going concem basis of accounting in the prep8rabon of the financial slalements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating lo events or conditions that. individually or Collectively. may cast significant doubl on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial stalemenis are authorised for issue. Our responsibilities ancs the rosponsibilities of the trustees with respect to going Conrn are described in the relevant sections of this report. Other inforniation The trustees are responsible for the other inforrnalion. The other infomalion comprises the information included in the Annual Report, other than the financial statements and our Report ol the Independent Audilors thereon. Our opinion on the financial slalemenls does not cover the other information and, except to the exlenl olhewise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. In connectlon with our audit of the financial slatemenls, our responsibility is lo read the other inforrnalion and, in doing so, consider whether the other information is Material inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent m31erial misslatem&nls, we are required lo delerrnine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstalemenl of this other Information. we are required to report that fact. We have nothing lo report in this regard. Oplnions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the couise of the aLJdil'. the infomialion given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Rèwrt of the Trustees has been prepared in accordance with applicable legal requirements. Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF JUBILEE GAROENS119781 LIMITED Matters on which we are requlred to report by exception In the light of the knowledge and understanding ol the charitable ctsmpany and its environment obtained in the course ol the audit, we have not idenlif5ed material misstalemenls In the Report Df the Trustees. We have nothing lo report in respect of the following matters where the Companies Act 2006 requiros us to report to you if, in our opinion.. adequate accounting records have not been kept or retums adequate for our audit have not b&8n roceived frofll branGhes not visited by us., or the financial siatemenls are not in agreement with the a¢counting records and returns,. or certain disclosures of trustees. remuneration specified by law are not madè., or we have not received all the information and explanations we require lor our audit., or the trustees were not entitled ID lake advantsge of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Re5ponslbllllles of trustees As explained more fully in the Slalemenl of Trustees, Responsibilities, the Iruslees (who are also the directors of the charitable company for the purposes of company lawl are responsible lor the preparation of the financial slalements and for being satisfied that they give a trLJe and fair view, and lor such internal Ctsnlrol as the tDJslees determine is necessary lo enable the preparation of financial statements that are free from material misstslement, whether due to fraud or trrror. In preparing the financlal statements, the trustees are responsible for assessing the Charitable company's ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accoLJnling unless the trustees either intend lo liquidal& the Charitable company or lo cease operations, or have no realistic allernalive bul lo do so. Page 6
REPORTOF THE INDEPENDENT AUDITORS TO THE MEMBERS OF JUBILEE GARDENS119781 LIMITED Our responsibilities for the audit of the financial stalements Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are free from material misstalemenl, whether due lo fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level ol assurance, bul is not a guarantee that an audil ¢ondLJCtèd in accordance with ISAS IUKI will always delecl a material misslatemenl when il exists. Misslalements Can arise trom fraud or error and are considered material if, individually or in th8 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stslements. The exlenl lo which our procedLJres are capable of detecting irregularities, including fraud is detailed below.. We obtained an understsnding of the legal and regulatory framework applicab to both the company itself an(f the industry in which il operates. We identified areas of laws and regulations that could reasonably be expected lo have a material effe¢t on the financial statements from our sector experience and through discussion with the directors and other management. The most significant were identified as the Companies Act 2008. UK GA4P IFRS1021, Charity SORP IFRS1021, Charities Act 2011 and relevant lax legislation. We considered the exlenl of compliance with those laws and regulations as part of our procedures on th& related financjal slatemenls. Our audit procedures included.. making enquires of directors and management as to where they consider there to be a susceptibility to fraud and whether they have any knowledge or suspicion of fraud., obtaining an understanding of the intsrnal controls Èstablished lo miligale risks related to fraud or non-compliance with laws and regulations., - assessing the design effecllvene5s of the controls in place to prevent and detect fraud; assessing the risk of management override including identifying and lesling joumal entries; ¢hallenging the assumptions and judgements made by managemant in its significant accounting estimates. Despite the audit being planned and conducted in accordance with ISAS IUKI there remains an unavoidable risk that material misslalemenls in the financial slalements may not be detected owng lo inherenl limitations of the audit, and that by their very nature, any such instances ol fraud or irre9ularity likely involve collusion, forggry, intentional misrepresentations. or the override of internal controls. A further description of our responsibilities for the audit of the financial stalements is located on Ihe Financial Reporting Council's website at www.frc.org.uklaudilorsrespoll5ibililies. This description forms part of our Report of the Independent Auditors. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF JUBILEE GARDENS119781 LIMITED Use ofour report This report is made solely lo the charitable company's members, as a body, in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been Ljndertaken so that we might slate lo the charitable company's members those matters we are required to stale lo Ihern in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume respDnsibility lo anyone othor than the charitable Company and the charitable company's members as a t)ody, for our audit work. for this report, or for the opinions we have formed. (IQA Susan Plumb ACA ISeniL)r Slalulory Auditorl for and on behalf of Haines Watts Chartered Accountants & Statutory Auditors Old Slalion House Slalion Approach Swindo Wiltshire SN13DU Dale.. Page 8
JUBILEE GARDENS119781 LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 MARCH 2024 2024 Total funds 2023 Totsl funds Unreslricled funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 5,870 3,320 9,190 30,795 Charitable activities Attendance fees Sales veg and flowers 121,898 12.502 121.898 12,502 85,388 11,983 Other trading activities Inveslmenl income 3,406 100 3,406 100 3,698 Total 143.776 3,320 147,096 131,900 EXPENDITURE ON Charltablè actlvities Horticultural training Governance costs 139,747 13,759 3,320 143,067 13,759 127,935 7,444 Total 153,506 3,320 156,826 135,379 NET INCOMEIIEXPENDITUREI 19,7301 19,7301 13,4791 RECONCILIATION OF FUNDS Total ftjnds brought forward 76.025 76,025 79,504 TOTAL FUNDS CARRIED FORWARD 68,295 68,295 76,025 The notes form part of these financial statements Page 9
JUBILEE GARDENS119781 LIMITED STATEMENT OF FINANCIAL POSITION 30 MARCH 2024 2024 Total fvnds 2023 Total funds unstriCted funds Reslricled funds Notes FIXED ASSETS Tangible assets 12 51,385 51,385 55,554 CURRENT ASSETS Stocks Debtors Cash al bank and in hand 13 14 2,157 14,039 13,913 2.157 14.039 13,913 1,341 17.417 6,386 30,109 30,109 25,144 CREDITORS Amounts falling due within one year 15 113,1991 113,1991 14,6731 NET CURRENT ASSETS 16.910 16,910 20.471 TOTAL ASSETS LESS CURRENT LIABILITIES 68,295 68,295 76,025 CREDITORS Arnounls falling due after more than one year 16 12,0001 12,0001 NET ASSETS 66.295 66.295 76,025 FUNDS Unreslricled funds 19 88,295 76,025 TOTAL FUNDS 66.295 76,025 These financial statements have been prepared in accordance wlh the provisions applicable to charitable companies subject lo the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 9th July 2024 and were signed on ils behaK by: Mr P F Kinsman- Truste8 The notes form part of these financial statements Page 10
JUBILEE GARDENS119781 LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial stalements of the Charitable company, which is a public benefit entity under FRS 1 D2, have been prepared in accordance with the Charities SORP IFRS 1021 'AccoLJnting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities preparing their accounts in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting StandaTd applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Going concern The charity is dependenl on a number of key contracts with local Councils. The truslees have no reason lo believe these contracts will not ¢ontinue Iherefore, the charity can continue to adopt the going concern basis in preparing the financial statements. Income All income is recognised in the Statement of Financial Activities once the ¢harity has entitlernenl to the funds, il is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as ther& is a legal or conslrucb've obligation committing the charity to that expenditure, it is probable that a Iransfar of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is awounted for Dn an accruals basis and has been dassified under headings that aggregate a11 cost related lo the cale90ry. Where costs cannot be directly attributed lo partiCLJlar headin9S they have been allocated lo activities on a basis consislenl with the use of resources. Tangible fixed assets Depreciation is provided al the following annual rates in order lo write off each asset over ils estimated usefkjl life. Freehold property External Fixtures and Fittings Fixtures and fittings Motor vehicSes 20A on cost 150A on cost 1 OO/D on cost 100/0 on cost stocks & work in progress Stocks are slated al the lower of cost and eslimaled selling price less wsts lo complete and sell. Costs include all costs of purchase, costs of conversion and other costs in¢urred in bringing sloGk lo its presgnt location and condition. Work in progress is valued on the basis of direct costs plus attributable ovetheads based on normal level ol activity. Provs1on is made for any foreseeable losses where appropriate. An element of profil is included whero the oul¢omo of tho proje¢l may reasonably be determined. Taxation The ch8rily is eMpt from corporation tax on its chaTilable aclivilies. Fund accounting Unrestrict6d fLJnds can be used in a¢cordance with the charitable obj&ctives al the discretion of the Irusle8S. Reslricled funds can only be used for parti¢ular r8Stri¢led purposes within the objects ol the Charity. Restrictions arise when specified by th& 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 lo the financial ststements. Page11 continued.
JUBILEE GARDENS 119781 LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 MARCH 2024 ACCOUNTING POUCIES-continued Pansion costs and other postvretirement benefits The Charitable company operates a defined contribution pension schem8. Contributions payable to the charitable company's pension scheme are charged lo the Stal8menl of Financial Activities in the period lo which they relate. Debtors Trade and other debtors are recognised al the selllemenl amount due. Prepayments are valued al the arnounl ppaId. Croditors Creditors are recognised where the charity has a present obligation resulting from a past event Ihal will probably sU11 in the transfer of funds lo a third party and the amount dué lo settlè the obligation can be measured or eslimaled reliably. Creditors are recognised al Iheir settlement amount. DONATIONS AND LEGACIES 2024 2023 Donations 9.190 30.795 OTHER TRADING ACTIVITIES 2024 2023 Transport Lunches 1.379 2.027 1.983 1.715 3,406 3.698 INVESTMENT INCOME 2024 2023 Deposit account interest 100 36 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity North Wiltshire attendance fees Swindon attendance fees Other attendance fees Sales veg and flowers Attendance fees Attendance fees Attendance fees Sales veg and flowers 39,522 70,938 11,438 12,502 31.760 48,140 5.488 11.983 134,400 97.371 Page 12 continued...
JUBILEE GARDENS119781 LIMITED NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 30 MARCH 2024 CHARITABLE ACTIVITIES COSTS Support costs (see note 71 Direct Costs Totals Horticultural training Governance costs 137,027 6,040 13,759 143,067 13.759 137,027 19,799 1 56.826 SUPPORT COSTS Governance costs Managernent Finance Totals Horticultural training Governance Costs 5.668 136 236 13,759 6,()40 13,759 5.668 136 13,995 19,799 NET INCOMEIIEXPENDITURE} Nel incomellexpendilurel is $18led after chargingllcredilingl.. 2024 2023 Auditors, remuneration Depreciation - owned assets 2,760 4,539 2,700 4,531 TRUSTEES, REMUNERATION AND BENEFITS There were no Iruslees. rgmuneralion or othèr benefits for the year ended 30 March 2024 nor lor the year ended 30 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 30 March 2024 nor for the ytsar ended 30 March 2023. 10. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 98,803 2,747 1.915 94,432 2,730 1.501 103,465 98,663 The average rnonlhly riumber of employees during the year was as follows.. 2024 2023 Total No employees received emoluments in excess of £60,000. Page 13 continued...
JUBILEE GARDENS119781 LIMITED NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDED 30 MARCH 2024 10. STAFF COSTS - Contlnued Key Management Personnel Key management personnel include all persons that have authority and responsibility lor planning, directing and controlling the activities of the charity. The lolal compensation paid Ic> key management personnel lor services provided lo the charity was £36,00612023'. £36,114). 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Reslricled funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 24,072 6.723 30,795 Charitable actlvltles Attendance lees Sales veg and flowers 85,388 11,983 85,388 11,983 Other trading activities Investment income 3,698 3,698 36 Total 125.177 6,723 131,900 EXPENDITURE ON Charitablè activities Horticultural training Governance costs 127.935 127,935 7.444 Total 135,379 135,379 NET INCOMEIIEXPENDITUREI Transfers betweèn funds 110,2Q21 6.723 6,723 16,7231 13,4791 Nèt movement in funds 13,4791 {3.4791 RECONCILIATION OF FUNDS Total funds brought forward 79,504 79.504 TOTAL FUNDS CARRIED FORWARD 76,025 76,025 Page 14 continued...
JUBILEE GARDENS119781 LIMITED NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 30 MARCH 2024 12. TANGIBLE FIXED ASSETS Extemal Fixtures and Fittings Fixtures and fittings Freehold propety Motor vehicles Totals COST Al 31 March 2023 Additions 65,683 6.674 37,921 370 11,495 121,773 370 AI 30 March 2024 65.683 6.674 38,291 11,495 122,143 DEPRECIATION Al 31 March 2023 Charge for year 23,126 1.314 1,001 1,001 33,010 1,074 9,082 1,150 66,219 4.539 At 30 March 2024 24,440 2,002 34,084 10,232 70,758 NET 800K VALUE At 30 March 2024 41,243 4,672 4.207 1,263 51.385 AI 30 March 2023 42.557 5.673 4.911 2,413 55,554 13. STOCKS 2024 2023 Stocks 2,157 1,341 14. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONEYEAR 2024 2023 Other debtors Prepayments and accrued income 6,638 7,401 10,415 7.002 14,039 17,417 15. cREDORS. AMOUNTS FALLING DUEWITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 171 Trade creditors Social security and other taxes Accrued expenses 4,000 3,943 2,386 2,870 1,826 2,847 13.199 4,673 Page 15 continued...
JUBILEE GARDENS119781 LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2024 16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 171 2,000 17. LOANS An analysis of the maturity of loans is given below-. 2024 2023 Arnounls falling due wthin one year on demand.. Bank loans 4,000 Amounts falling between one and years-. Bank loans- 1-2 years 2.000 18. SECURED DEBTS The followng secured debts are included within creditors.. 2024 2023 Bank loans 6.000 The bank loan is secured by a limited guarantee given by 4 of the trustees. 19. MOVEMENT IN FUNDS Nel movement in funds Transfers between funds At 3113123 At 3013124 Unroslrlctsd funds General fund Staff contingency fund Share capital Minibus fund 41,925 34,000 100 19,7301 32.195 10.000 100 24,000 124,0001 24.000 76,025 19,7301 66,295 TOTAL FUNDS 76,025 19,7301 66,295 Nel movement in funds, includ&d in the above are as follows.. InrnIng r&sources Resources expend8d Movement in funds Unrostricted funds Geneml fund 143,776 1153,5061 19,7301 R&strlct&d funds Roof repairs 3,320 13,3201 TOTAL FUNDS 147,096 1156,8261 19,7301 Page 16 conbnued...
JUBILEE GARDENS119781 LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2024 19. MOVEMENT IN FUNDS - contlnued Comparatives for movement In funds Nel movement in funds Transfer5 between funds At 3113122 At 3013123 Unrestricted fvnds General fund Staff contingency fund Share capital 45,404 34,000 100 110,202) 6,723 41,925 34.000 100 79,504 110,202) 6.723 76.025 Restrlcted funds Greenhouse fund 6,723 16,7231 TOTAL FUNDS 79,504 13,4791 76,D25 Comparative net movement in funds. iricluded in the above are as follows.. Incoming resourc&s Resources 8XP8nded Movernenl in funds UnstrICted fund5 General fund 125.177 1135,3791 110,2021 R8$tri¢ted fund$ Greenhouse fund 6.723 6,723 TOTAL FUNDS 131,900 1135,3791 13,4791 A current year 12 months and prior year 12 mnlhs combined position is as follows.. Net movement in funds Transfers between funds At 3113122 Al 3013124 Unrestri¢ted funds General fund Staff contingency fund Share capital Minibus fund 45,404 34,000 100 119.9321 6,723 124,0001 32,195 10.000 100 24,000 24,000 79.504 119,9321 6.723 66,295 Restricted funds Greenhouse fund 6,723 16,7231 TOTAL FUNDS 79,504 113,209} 66,295 Page 17 continued...
JUBILEE GARDENS119781 LIMITED NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 30 MARCH 2024 19. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combinèd nel movement in funds, ineluded in the aLK>ve are as follows.. Incomin9 resources Resour¢es expendgd Movement in funds Unrestrlcted funds General fund 268,953 1288,8851 119,9321 Restrlcted funds Greenhouse fund Roof repairs 6,723 2,320 6,723 13,3201 10,043 13,3201 6,723 TOTAL FUNDS 278,996 1292,2051 113,2091 Willshire Borough Counal and Swindon Borough Council provided COVID support grants lo be spent on infection prevention during the pandemic. Swindon Borough Council provided a COVID support grant to ensure $18ff who were isolating in line with govemment guidance rgceive their normal wages while doing so. Various donations were received to ftind the purchase of a new greènhouse and various consumables for th& gr&8nhouse during 2023 and for roof repairs during 2024. Designated funds represent a stsff conlingoncy fund of £10,000 and a £24,000 fund lo buy a replacement minibus. 20. RELATED PARfY DISCLOSURES There were no related paty Iransadions for the year ended 30 March 2024. Page 18