Charity registration number 288070 Company reglstratlon number 01714560 (England and Wales) KEHELLAND HORTICULTURAL CENTRE LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
KEHELLAND HORTICULTURAL CENTRE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Tru$t•è$ DJKing S L Pyner H Bryant l H Smith N Smith Del¢gat¢d manag¢ment Chief Executive - Anthea Hedge Secretary B Davies Charity number 288070 Company number 01714560 Registered office Kehelland Camborne Cornwall United Kingdom TR14 ODD Auditor A2els Audit servIs Woodlands Court Truro Business Part( Truro Cornwall United Kingdom TR4 9NH Bankers Barclays 28 Chapel Street Camborne Cornwall United Kingdom TR14 8EL Solicitors Paddle & Cocks LLP Solicitors Charles House 18-21 Charfes Street Truro Cornwall United Kingdom TR12PQ
KEHELLAND HORTICULTURAL CENTRE LIMITED CONTENTS Page Trustees. report ststement of trustees, responsibilities Independent audilols report 8-10 Slalernenl of financial activities 11 Balance sheet 12 statement of cash flows Notes to the financial statements 14-24
KEHELLAND HORTICULTURAL CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The truslees present their report and financial statements for the year ended 31 August 2024. The financial slalernenls have been prepared in accordance with the accounting policies sel out in note 1 to the financial stslemenls and comply with the ¢h8ritsble wmpany's governing document, the Companies Act 2006 and "Ac¢ounling and R&porting by Charities." Slalemtrnl of R&¢ommended Practice appli¢able to charities preparing their a¢¢ounts in a¢¢ordan¢e with tho Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 leffe¢live 1 January 20191" Objectives and activities The Trustees of Kehelland Horti¢ullural Centre Ltd I'¢haritsble Company'l, Stsff and Volunleors Continue lo be committed to the charity's mission statement.. - "The provlslon of a rural, hortlcultural settlng for the support of young poople and adults wlth leamlng and/ or physlcal dlsabllltles. Developlng personal and soclal skllls, Indlvldual opportunltlas and actlve participation in the local Community" Adhering to the charity's mission statement, the charitable company was incorporated in 1983. sin standing alone as a charity in 2011, the charitable company has maintained close and positive partnerships with Cornwall Council and the department ofAdult Social Care and Cornwall Adult Education. The charitable company is also a registered training provider with OCN London. The Charity trades as the Kehelland Trust. The focus this financial year has been to continue to maintain our service as best as possible and diversify servIS lo meet organisational and individual needs. The trustees have paid due regard to guidan issued by the Charity Commission in deciding what activities the charitable company should undertake. The Trustees consider that they have complied with their duty in section 17 151 of the Charities Act 2011, which requires them to have due regard to guidance published by the Charity Commission.
KEHELLAND HORTICULTURAL CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Achlev8ments and rfOrmanc Over the past 12 months we have: Provided support for 73 trainees on individual budgets within our day service. Continued lo work with Comwall Adult Education and OCN London lour awarding body for the education programmel to deliver meaningful and enriching education prograrnmes lo young adults aged 16-25 who have an Education, Health and Care Plan. These programmes develop training and support opportunities for young people and those in transition from education lo employment. Our education provision continues to be externally assessed as exemplary. Continued developments in the classroom areas and IT network lo ensure efficient use of all resources and a professional image. Enhanced our educ4lion assessment methods further, with video and photographic evidence of achievement now being ulilised in more units. Expanded our embedding of engaging with educational ICT throughout our offering, with elements such as Canva, Kahool and Blooktrt being regularly used by tutors. Developed work experience programmes with learners partnering with Cambome Town Council on several tree planting events across Cambome and surrounding publi¢ par¢s and groLJnds. Continued to Celebrate & enhance our brand image to provide a ¢lear message about who we are and what we do without restricting our potential to expand. On social media we now have 3.5k page likes and 4.3k followers with 750 posts and 1253 followers on Instagram with an average monthly reach of 32,839. Opened a new shop on Cambome high street on 201h January 2024, with financial SLJPPOrt from CIOS Growth Hub and Camborne BID project A-void supporting new shops with necessary infrastructure works for opening such as signage and shop fittings. Reduced wastage on site, fully utilising our produce wherever possible resulting in improved profitability. The new retail outlet in Cambome allows a sleady flow of produce from site to sale meaning vastly reduced waste, improved profitability as our relian on wholesale has reduced and better visibility and support for our fresh, local & seasonal produce. Continued to supply a range of local provenance, native perennial wildflower stock with partnership working with Cormac's new biodiversity team 'Urban Green Shoots, running meadow workshops to include scything demonstrations and a meadow experiment lo look at optimum sowing schedules for best results. Designed and planted bedding contracts for Helslon Town Council, Perranporth Garden Charities, grew on plants for Gambome Town Council perennial scheme, designed and supplied a gardening project for supporting re-housed refugees, started partnership working with Baker Tom. Continued lo grow native trees from seed and graft heritage Comish Apple Trees from our Community Tree Nursery thanks lo funds from Comwall Council's Forest for Cornwall Project. This is led by our Learner Horticultural Work Experience team with events organised and run by our Horticulture & Projects Manager alongside skilled staff and guest partners such as Resilient Orchards Comwall. Maintained and enhanced our 16-acre site. Main18ined our peal-free & rninimal chemical use status for our own growing, using biological controls against pests. Reducing the amount of single-use-plaslic as far as possible. Continuing with a no4ig approach lo the land across sile to further improve our biodiversity. Ran many specialist workshops 8¢ross the year.. Apple te pruning (winter and summer), grafting, pruning, w3th making, nest box making & te planting. We ran an Orchard Conference in the Spring of 2024 which was ftjlly booked for talks, lectures and demonslralions aboLJI all manner of orchard-relaled experiences, skills and knowledge. Speakers on Wildlife, Ramial mul¢h and biochar, orchard biodiversity, meadow creation and more. Hosted guided tours for visiting groups and did outreach tslks and slide shows for Community Groups. Fuchsia Society, a group of women growers from Myanmar who feed 1000s of individuals displaced by civil war in the country. They harvested and pressed apples from our apple tree grown by a village resident from the pip of an apple eaten in Myanmar and took the jul back wilh them to Myanmar- very speciall Godolphin Community Group, Kerrier U3A, St Ives U3A, Leedstown CAMEO group. Continued to develop our group volunteer programmes. Groups have included Seasalt Cornwall who visited twice totalling 40 members of staff. Other community days and volunteering days have attracted people to the site. We attended outreach events,. Camborne GreenFest, Camborne Show, Stithians Show, West of England Steam Rally.
KEHELLAND HORTICULTURAL CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 What do wè nèèd to focus on for 202412025? Ensuring there is adequate & appropriate infrastrLJCtLJre for our day service and education programmes. Market our education programmes to ensure we have full capacity of delivery for 202512026. Ensure care and support services continue as best as possible to ensure full capacity. Monitoring and responding to the impact of the ongoing cost-of-living crisis on our staff team, trainees, leamers, volunteers & visitors. 31 trainees every day on our day service. The Trust currently provides a service for 67 trainees, an average of 29 placements per day. Continue lo develop our education programmes lo ensure they meet the highest standards and identrfied skills needs, aligned with learner and local priorities, with a target of 36 learners per year. To do what we can to maintain stability for the charity, staff team, trainees, leamers, volunteers & visitors. Continue lo build on our existing marketing strategy and our presence on the worldwide web and social media network Further develop corporate volunteering and sponsorship initiatives. Ensure that weddings, private functions & vibrant corllmunity-led events and celebrations continue. Maintain and build on sales income & particularfy our profil margins, supporting & upholding our provision. Build on our in-house production of sales items, improve our seed-saving capabilities by ordering suitable seeds. Continue lo develop our online sales presence. Continue lo develop our native plant growing & Community Tree Nursery programmes lo support re-wilding and pollinator projects across the County. Continue lo grasp opportunities across funding streams, educational provision and life-skills support for all those we work with and want lo work with into the future. Continue to nurture positive business partnerships. Further invest in site enhan¢ement and maintenance. The introduction of our new Business Plan for 2025-2030. Reasons to celebrate at the turn of the financial year We continue lo work under Cornwall Council's Framework for our day service. This has a far-reaching irnpact., not only on our accessibility, bul on the levels of care we can provide. Our staff team continues lo develop, both lo f8cilil8le growth, ensure exemplary education progr8rnmes & day- ¢are support. Staff continue to be supported lo develop their skillsels, with designated members of staff now being responsible for the Bespoke provision, running our social media and delivering training on the technology we use to extemal providers. We ¢onlinue lo look for ways we can facilitate our staff in devtrloping their interests in a way that also has benefits for our learners, trainees, the Trust and other professionals. At our external monitoring visit from our awarding organizalion IOCN London), our feedback once again reflected that our provision is exemplary across the board, with no areas for improvement. OLJr Education Provision continLJes to provide excellent programmes with 27 leamers this year, thanks to a subcontract with Adult EdLJcation. We also delivered Bespoke programs (through Comwall Council) to two leamers. In our end-of-year leamer questionnaire, all learners rated the Kehelland Trust as being the top possible mark for'do you feel safe at Kehelland.. The charitable company has been SLJccessful in its application to provide the Duke of Edinburgh Award for our leamers, with 21 learners enrolled. The Board of Trustees would like to thank the whole team at Kehelland Trust for showing extraordinary adaptability and dedication to the work of the charity, to each other, the trainees, learners, families, and volunteers. It has been another challenging year which we have faced confidently & positively. We can be assured that Kehelland Trust will continue lo provide exemplary care, support & educational opportunities for young people and adults with disabilities in Cornwall., all set within the stunning backdrop of 16 acres of productive land, rich in both managed crops & wildlife providing both sustenance and sanctuary.
KEHELLAND HORTICULTURAL CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Flnanelal rèvlèw During this period, the Kehelland Trust achieved incoming resources of £1,481,090 12023 £1,341,268) and outgoing resources of £1,595,073 12023 - £1,471,427), an overall deficit in income over expenditure of £113,983 12023 £130,159). Our main expenditure continues lo be staff salaries in order lo maintain a skilled and experienced staff team that can support the changing needs of our service users, and the diversification of services I business development needed. Over the last 5 years. Kehelland Trust had been pulling back from a large deficit, however, the deficit these last 2 years is indicative of funding resources not keeping pace with the increase in costs of goods and services as well as the National Living Wage. Investment in stsff has continued to account for our highest cost but has th& highest return as maintsining a highly skilled and experienced stsff team enables us lo continue to provide excellent services for tho people we support. 02312024 02212023 202112022 117 months) 1,614.888 1,559,458 +£55.430 02012021 01912020 Income utgoings n¢ome nditure 1,481,090 1,595,073 -£113,983 1,341,268 1,471,427 130.159 940,877 783,387 157,490 696,563 633,524 63,039 ove Reserves policy The Board of Trustees recognise that in order that the charitable company may not only survive, but fulfil its objectives, it requires adequate finanS to ensure that we can meet our slalutory requirements and both working capital and capital expenditure requirements. The charitsble company strives lo maintsin a healthy solvency barrier and adheres lo the Reserves and Solvency Policy, which is reviewed annually. Summary of Funds 3110812024 110812023 3110312022 3110312021 110312021 otal Funds ash at bank and in and angible assets and lock Debtor5 reditors 286,034 233,180 400.017 344,267 530,176 433,165 430,537 347,564 317.256 234,698 58,507 62,832 68,081 70,205 9,481 les -£5.653 £7,082 28,930 12,768 13,077 It is the policy of the charity that unreslricled funds which have not been designated for a specific use should be al least £250,000. The trustees consider that reserves al this level will ensure that, in the event of a significant drop in funding, they will be able lo continue the charity's current activities while consideration is given to ways in which additional funds may be raised. At 31 August 2024 the lolal funds held by the charity were £286,034 12023.. £400,017). After excluding tangible fixed assets of £36,061 12023.. £40,315) and reslricled funds of £7,76212023.' £nill, the free reserves balan is £242,211 1£359,7021 which falls slightly below the target level. The trustees are obviously mindful of this and focused on ensLJring we operate efficiently and effectively in the challenging environment we operate in. We are now operating at full capacity which ensures revenue from Cornwall Council is maximised. We are mindful of keeping costs under control and adapting our resources accordingly. We are aiming to build up our reserves over the coming year and ensure that we are well in excess of the minimLJm.
KEHELLAND HORTICULTURAL CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The trustees assessed the major risks to which the charitable company is exposed, and are satisfied that systems are in pla to mitigate exposure to the major risks. Stru¢ture, go¥ernan¢e and management The organisation is a Charitable Company limited by guarantee, incorporated on 13th April 1983 and registered as a charity on 20 January 1984. The company was established under a Memorandum of Association, which established the objects and powers of the Charitable Company and is governed under its Articles ofAssociats'on. Business and Management are driven by the Mission Statement as noted under'objectives and activities.. The charitable company has continued to face difficulties due to increases in the cost of living, goods and services, national minimum wage and staff salaries, and funding not keeping pace with these. Our priority has continued lo be lo operate in a safe and secure manner for all our trainees, learners & staff, whilst effectively delivering servIs. Our thanks lo all the staff, trainees, carers, volunteers, and partners who have derllonslrated that a flexible and adaptable approach can help us overcorlle obstacles. We have continued to fulfill our mission statement, maintain a cohesive and ever-growing team managing both horticultural support work and day care provision and our own education prograrnmes alongside supporting the immediate community. The Board of Trustees continues lo govem the charity in a positive and solulion-focused way. The trustees, who are also the directors for the purpose of company law, and who served during the year and up lo the date of signature of the financial statements were.. DJKing S L Pyner H Bryant S W Wallace M Thompson l H Smith J Kelly N Smith (Resigned 19 November 20241 (Resigned 17 November 20231 (Resigned 13 August 20241 None of the Iruslees has any beneficial interest in the charitable company. All of the trustees are rllerllbers of the charitable company and guarantee to contribute £5 in the event of a winding up. Qualifying third party indemnity provisions The Trustees consider that they have complied wth their duly in section 17 151 of the Charities Act 2011, which requires them to have due regard to guidance published by the Charities Corllmission. The Company is managed by a Board of Trustees., the mernbers of which discharge the functions of a Board of Directors. The number of Trustee seats on the Board must be no less than 3. The Trustees are as stated above and are unremunerated. Induction procedures are in place for newly appointed Trustees, with DBS checks and references requested and recorded. During the reporting period the Board of Trustees met al regular intervals to receive reports from the Chief Executive and make decisions. Key Performance Indicators, Risk Registers, Finance Reports and staff structure updates formed the basis of meetings with the Chief Executive reporting lo the board, making recommendations and the Board voting on decisions as necessary. Day-lo-day management of the company is carried out by the Chief Executive and Team Leaders. Management keeps in touch with merllbers of the board as appropriate.
KEHELLAND HORTICULTURAL CENTRE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Audltor In accordance with the company's articles, a resolution proposing that Azels Audit Services be reappointed as auditor of the company will be pul at a General Meeting. Dlsclosurè of Infomiatlon to audltor Each of the trustees has confirmed that there is no information of which they are aware which is relevant lo the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps lo identify such relevant information and lo establish that the auditor is aware of such information. The trustees. report was approved by the Board of Trustees. PA VIP E/N6 .&IllAING1Ma¥l4..2D25 11.'23 GMT+il DJKing Trustee Dale.. 14/05/2025
KEHELLAND HORTICULTURAL CENTRE LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees, who are also the directors of Kehelland Horticultural Centre Limited for the purpose of company law. are responsible lor preparing the Trustees, Report and the financial stalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AccoLJnting Practice). Company Law requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently,. observe the rllelhods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., and prepare the financial slalements on the going concem basis unless il is inappropriate lo presume that the harilable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any lime the financial position of the charitable company and enable them lo ensure th8t the financial slalements Comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company and hgn¢e for taking reasonable steps for the prgvenlion and detection of fraud and other irregularities.
KEHELLAND HORTICULTURAL CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF KEHELLAND HORTICULTURAL CENTRE LIMITED Oplnlon We have audited the financial statements of Kehelland Horticultural Centre Limited Ithe 'charitable company'l for the year ended 31 August 2024 which comprise the statement of financial activities, the balan sheet, the slalement of cash flows and notes 1 10 21 to the financial statements, including significant accounting policies. The rinancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements-. give a true and fair view of the stste of the charitsble company's affairs as at 31 August 2024 and of its incoming reSoUS and application of resources, including ils income and expenditure, for the year then ended., have been properly propared in accordanco with United Kingdom Generally Accepted A¢¢ounling Pradi¢e,' and have been prepared in accordan with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons ralatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going cOnM basis of accounting in the preparation of the financial ststemenls is appropriate. Based on the work we have performed, 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 lo continue as a going concern for a period of al least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the relevant sections of this report. other information The other inforrnalion comprises the information included in the annual report other than the financial slalements and our auditovs report Ihereon. The ttuslees are responsible for the other information contsined within the annual report. Our opinion on the financial slalements does not cover the other information and, except lo the exlenl olhetwistr explicitly slated in our report, we do not express 8ny form of assuran¢& conclusion Ihertron. Our responsibility is lo read the other information and, in doing so, consider whether the other information is mal&rially inconsistent with the financial ststements or our knowledge obtained in the Course of the audit, or otherwise appears to be materially misstated. If we identify SLJ¢h material in¢onsisten¢ies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we ¢onclude that there is a material misstatement of this other information, we are reqLJired to report that fact. We have nothing to report in Ihis regard.
KEHELLAND HORTICULTURAL CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF KEHELLAND HORTICULTURAL CENTRE LIMITED Oplnlons on othèr mattèrs prèscrlbed by thè Companlès Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the trustees, report for the financial year for which the financial ststemenls are prepared, which includes the directors, report prepared for the purposes of company law, is consislenl with the financial statements.. and the directors. report included within the trustees. report has been prepared in accordance with applicable legal requirements. Matters on which we are qUId to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report included within the trustees. report. We have nothing lo report in rtrspect of the following matters in relation lo which the Companies Act 2006 requires us lo report lo you if, in our opinion". adequale accounting records have not been kept, or retLJms adequate for our audit have nol been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and retums., or certain disclosu$ of trustees, remuneration specified by law are not made., or we have not received all the infomiation and explanations we require for our aLJdit', or the trustees were not entitled lo prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Iruslees, report and from the requirement lo prepare a strategic report. Responsibilitiès of truste8s As explained more fully in the slalemenl of trustees. responsibilities, the Iruslees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlemal control as the trustees determine is necessary lo enable the preparation of financial ststemenls that are free from material misslalement, whether due lo fraud or error. In preparing the financial slalemenls, the trustees are responsible for assessing the charitsble ompany's ability lo continue as a going concern, disclosing, as applicable, mallers related lo going concern and using the going concern basis of accounting unless the Iruslees either intend lo liquidate the charitable company or lo cease operations, or have no realistic alternative bul to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material rnisslatemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will 81w¥ys delecl 8 material misstslemenl when it exists. Misslalemenls can arise from fraud or etror and are ¢onsidsred m8leri81 if, individually or in the aggregate, they Could reasonably be expected lo influence the economic decisions of users tsken on the basis of these financial ststomenls. A further description of our responsibilities is available on the Financial Reporting Council's website al.. https'.11 www.frc.org.uklaudilorsresponsibililies. This description forms part of our audilorfs report.
KEHELLAND HORTICULTURAL CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF KEHELLAND HORTICULTURAL CENTRE LIMITED Extent to whlch the audlt was conslderèd capablè of dètectlng Irrogularltles, Includlng fraud IrregLJlarities, induding fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting CoLJncil's website, to detect material misstatemenls in respect of irregularities, including fraud. We obtsin and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory frameworf( applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the rinancial statements, whether due lo fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary lo applicable laws and regulations, including fraud. In response lo the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included.. Enquiry of rnanagement and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud., Reviewing minutes of rneelings of those charged with governance., Assessing the exlenl of compliance with the laws and regulations considered lo have a direct material effect on the financi81 slalements or the operations of the entity through enquiry and inspedion., Reviewing financial slalement disclosures and lesling lo supporting documentation to assess compliance with applicable laws and regulations., Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of signifi¢anl transactions outside the normal ¢ourse of business and reviewing a¢¢ounting estimates for indicators of potential bias. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulalion. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflecled in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of intemal control. Use of¢ur report This report is made solely to the charitable companls members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable companls members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's mernbers as a body, for our audit work, for this report, or for the opinions we have formed. Matthelv Webb (May 14. 2025 15.25 GMT¥II Matthew Webb FCA (Senior Statutory Auditor} for and on behalf of Azets Audit Services 1410512025 Chartered Accountants Statutory Auditor Woodlands Court Truro Business Park Truro Cornwall United Kingdom TR4 9NH 10-
KEHELLAND HORTICULTURAL CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrostrict•d Rèstricted funds funds 2024 2024 Total Unrostrictèd funds 2023 2024 Notes Income and endowments from: Donations and legacies Charitsble activities Other trading activities Investments Other income 5,135 1,265,051 175,898 3,633 1 S,000 16,373 21,508 1,265,051 175,898 3,633 15,000 3,443 1,185,855 150,867 1,103 Total income 1,464,717 16,373 1,481,090 1,341,268 Ex ndlturn on: Raisin funds Other trading activities 156,248 8,611 164,859 129,277 Charitsble activities Staff ¢osts and charitable expenditure 1,430,214 1,430,214 1,342,150 Total charitable expenditure 1,430,214 1,430,214 1,342,150 Total axp•nditur• 1,586,462 8,611 1,595,073 1,471,427 Net income for the pèriodtyear Net movement in funds 1121,7451 7,762 1113,9831 1130,1591 Fund balances at 1 September 2023 400,017 400,017 530,176 Fund balance5 at 31 August 2024 278,272 7,762 286,034 400,017 The slalemenl of financial activities includes all gains andlosses recognised in the year. All income and expenditure derive from continuing activities. The siatement of financial activities also complies with the requirements for an income and expenditure account Ljnder the Companies Act 2006.
KEHELLAND HORTICULTURAL CENTRE LIMITED BALANCE SHEET ASAT31 AUGUST2024 2024 2023 Notes Flxed assèts Tangible assets 12 36,061 40,31 S Current assets Stocks Debtors Cash at bank and in hand 13 14 22,446 75,224 233,180 22,517 61,338 344,267 330,850 428,122 Credltors: amounts falllng due wlthln one year 15 180,8771 168,4201 Nel current assets 249,973 359,702 Total assèts lèss currènt Ilabllltl8s 286,034 400,017 Incomè funds Restricted funds Unreslricled funds 18 7,762 278,272 400,017 286,034 400,017 The financial statements were approved by the Trustees on . 1410512025 PA V/2) E/N6 IJAVID.WJNG.IK4iTry.14,aQ25 11'.2J GMT+ll DJKing Trustee Company rnglstratlon numb8r 01714560 12-
KEHELLAND HORTICULTURAL CENTRE LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Notes Cash flows from op8ratlng actlvltles Cash absorbed by operations 16 1112,0751 189,3731 Investlng actlvltl•s Purchase of tangible fixed assets Investment InMe received 12,6451 3,633 16281 1,103 Net cash generated from investing activities 988 47S Net Cash us•d In flnan¢lng a¢tlvltle$ Net decrease in cash and cash equivalents 1111,0871 188,8981 Cash and cash equivalents at beginning of year 344,267 433,16S Cash and cash equlvalents at end of year 233,180 344,267
KEHELLAND HORTICULTURAL CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcle$ Charity information Kehelland HortiCLJltural Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Kehelland, Camborne, Cornwall, TR14 ODD, United Kingdom. The company has no share capital. The liability of each member who has subscribed to the companls Memorandum & Articles of Association is limited in the event of a winding up to £5. 1.1 A¢¢ountlng conventlon The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191" The charitable company is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amoLJnts in these financial statements are rounded to the nearest pound sterling. The financial slalemenls have been prepared under the historical ¢osl convention. The principal accounting policies adopted are sel out below. 1.2 Going concern The trustees have assessed the use of the going concem basis and have Considered possible events or conditions that might cast a significant doubt on the ability of the ¢harily to continue as a going ¢on¢&rn. The trustees have considered a period of al least twelve months from the date of approval of these financial statements. In particular, the trustees have Considered the charity's available cash balances in ¢onjun¢tion with expected working Capital requirements and have ¢oncluded that there is a reawnable expectation that the charity has adeqLJate resources to continLJe in operational existen for the foreseeablè future. The trustees are of the view that there are no material uncertainties that may create significant doubt over the charity's ability to continLJe as a going concern. The charity therefore continues to adopt the going concern basis in preparin9 Its financial stalements. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Reslricled funds are subject to specific Conditions by donors as lo how they may be used. The purposes and uses of the reslricled funds are sel out in the notes to the financial statements. 1.4 Income Income is recognised when the charitable cornpany is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charitable corllpany has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution. the amount is known, and reipt is expected. If the amount is not known, the legacy is Irealed as a ¢onlingenl asset. 14-
KEHELLAND HORTICULTURAL CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Icontinuedl Grant income is recognised when the charity has entidement to the funds, any performance conditions attached to the grant have been met, it is probable that the income will be received and the amount can be measured reliably. Trading incorne is recognised when the goods or services have been provided, typically al the point of sale, or as services are performed. Interest income is recognised using the effective interest rale method. 1.5 Expenditu Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a Ihird paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of Ihe obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure is accounted for on an arualS basis and has been classified under headings that aggregate all costs related lo the category. Where costs cannot be directly allribuled lo particular headings they have been allocated lo activities on a bas15 consislenl with the use of resources. The charity is partially exempl for VAT purposes due to the nature of ils incoming sourCes. On a qu8rtedy basis the VAT is attributed lo the eXnSeS lo which il originated from. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases.. Improvements to leasehold property FixtLJres and fittings Office equipment Motor vehicles Payments to provisions of assets 10010 straight line 20Q/o Straight line 20 /0 Straight line 20 /0 straight line 200kn straight line The gain or loss arising on the disposal of an asset is determined as the differen between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end dale, the charitable corllpany reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order lo determine the exlenl of the impairment loss Irf any).
KEHELLAND HORTICULTURAL CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Icontinuedl 1.8 stocks Stocks are slated al the lower of cost and eslimaled selling price less costs lo complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or norninal consideration are measured the lower of replacernenl cost and cost. 1.9 Fin8n¢i81 instruments The charitable company has elected to apply the provisions of Seclion 11 'Basic Financial Instruments, and Section 12 '0lher Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right lo set off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc flnanclal assgts Basic financial assets, which include debtors, cash and bank balans, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amort4'sed. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction pri unless the arrangement conslitules a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable ar& classified as current liabilities if payment is due within one year or less. If not, they are presented as non-¢urrenl liabilities. Trade creditors are re¢ognised initially al transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are dere¢ognised when the ch8ritsble company's contractual obligations expire or are discharged or ¢an¢elled. 1.10 Taxation The charity is exempl from corporation tsx on ils charitable a¢livilies. 1.11 Retirement benefits Payments to defined ¢onlribulion reliromenl benefit schemes a Charged as an expense as they fall due. 16-
KEHELLAND HORTICULTURAL CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Donatlons and 1ogacl8s Unre5tri¢ted Restricted funds funds Totsl Unrestricted funds 2024 2024 2024 2023 Donations and gifts Government grants 4,627 508 4,627 16.881 3,443 16,373 5,135 16,373 21,508 3,443 Charitable activities Personal Budgets 2024 Education Income 2024 Total 2024 Personal Budgets 2023 Education Income 2023 Total 2023 Adult social care 419,776 845,275 1,265,051 331,054 854,801 1,185,855 Other tradlng actlvltlès Unrestricted Unrestri¢ted funds funds 2024 2023 Kil¢hen income Shop income Lettings income 18,820 135,665 21,413 17,563 121,330 11,974 Other trading activities 175,898 150,867 In¥¢$tments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 3,633 1,103 17-
KEHELLAND HORTICULTURAL CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Other Incomè Unrestricted funds Total 2024 2023 Insurance claim 15,000 Charitable activities Staff costs Staff costs and and charitable charitable expenditure expenditure 2024 2023 Staff costs Depreciation and impairment Rates and water Insurance Light and heat Telephone Postsge and stslionery Advertising Travel and subsistence 1,218.682 1,130.203 6,899 11,023 1,828 1,467 9.050 8.136 16,344 14,462 3,365 1,378 4,487 5,121 610 1,504 14 154 E 11 Motor expenses Rent Uniform and protective clothing Repairs and renewals Cleaning and laundry Staff training Professional fees Dance and other activities Other charitsble expenditure 7,584 16,742 2,544 33,529 5,981 4,675 17,216 8,757 31,535 6,356 7,274 3,558 21,047 5,966 1,827 25,766 11,405 56,182 1,389,842 1,312,829 Share of support costs Isee note 81 Share of governance Costs Isee note 81 13,072 27,300 12,320 17,001 1,430,214 1,342,150 18-
KEHELLAND HORTICULTURAL CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support costs Support Governance costs costs 2024 Support Governance costs costs 2023 Bank charges IT support and broadband Payroll ServIS 3,308 3,308 2,778 2,778 7,301 2,463 7,301 2,463 6,874 2,668 6,874 2,668 Audit fees Accountancy 16,800 10,500 16,800 10,500 12,950 4,051 12,950 4,051 13,072 27,300 40,372 12,320 17,001 29,321 Analysed betreen Charitable activities 13,072 27,300 40,372 12,320 17,001 29,321 Support costs are not attributsble to a single activity bul rather provide the organisalional infrastructure that enables output activities to lake place. Trustees During the year the trustee S L Pyner received a salary of £34,858 12023.. £33,013) in respect of her employment as the Horticultural Coordinator. Other than the above, none of the trLJStees lor any persons connected with them) received any remuneration or benefits from the charitable company during the year {2023'. nonel- 10 Employees The average monthly number of employees during the year was.. 2024 NuMr 2023 Number 72 71 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 1,121,873 68.654 28,155 1,048.299 59,580 22,324 1,218,682 1,130,203 There were no employees whosg annual remuneration was more than £60,00012023'. none). 19-
KEHELLAND HORTICULTURAL CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 Taxatlon The charity is exempt from tsx on incorne and gains falling within section $05 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Ad 1992 to the exlenl that these are applied to its Charitable objects. 20-
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KEHELLAND HORTICULTURAL CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Tangible fixed assets Icontinuedl Payments for Provision of Assets il Pre 1 April 1985 In order that the company may have the use of assets al a cost excluding VAT, certain assets were purchased by Cornwall Council utilising funds raised by the Company. Although the title of these assets remains with Cornwall Council, the Company understands that the Council will perrllit the assets lo be Irealed as though the lille vested with the Company. ill Post 1 April 1985 From 1 April 1985, when the company registered for VAT purposes, all assets have been purchased through the company and tille rests with the company. 13 Stocks 2024 2023 Finished goods and goods for resale 22,446 22,517 14 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Prepayments and accrued income 43,041 32,183 55,501 5,837 75,224 61,338 15 Creditors- amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Other creditors Accruals and deferred in¢ome 23,683 22,310 10,242 24,642 9,354 10,902 29.440 18,724 80,877 68,420 22-
KEHELLAND HORTICULTURAL CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 Cash gènorat8d from op•ratlon$ 2024 2023 Deficit for the year 1113,9831 1130,1591 Adjustments for.. Investment income recognised in statement of financial activities Depreciation and impaimient of tangible fixed assets 13,6331 6,899 11,1031 11,024 Movements in working capitsl.. Decreasellincreasel in stocks Ilncreaselldecrease in debtors In¢rease in creditors 71 113,8861 12,457 15,1471 4,975 31,037 Cash absorbed by operations 1112,0751 189,3731 17 Analysis of changes in net funds The charitable company had no debt during the year. 18 Restrictèd funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for spe¢ifi¢ purposes.. Movement in funds In¢oming Balance at resources 1 September 2023 Movement in funds In¢oming resources ResOue5 expended Balance at 31 August 2024 Growth Hub grant 16,373 18,6111 7,762 Growlh Hub Grant- In order lo address the pressLJres on space on our site al Kehelland, we located a town centre shop site in Cambome for OLJr sales operations. This allowed us to apply for a grant from the Comwall and Isles of Scilly Growth Hub to assist LJS With developments in town and fund much needed infrastructure improvements on site. The grant, which we were required to match-fund, allowed better digitsl & physical access in the shop in Camborne,. it covered the cost of our new Electronic Point of Sales System, disabled access lift, kitchen & accessible toilet. The grant also part fLJnded providing power and WiFi to our onsite shop. 19 Analysis of net assets between funds Unr8stricted Restricted funds funds 2024 2024 Total Unrostrict•d funds 2023 2024 Fund balances at 31 August 2024 are represented by.. Tangible assets Current 8ssetsllliabililiesl 36,061 242,211 36,061 249,973 40,315 359.702 7,762 278,272 7,762 286,034 400,017 23-
KEHELLAND HORTICULTURAL CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 20 0ratIng leas8 commltmènts At the reporting end dale the charitable company had oulslanding commitments for future minimum lease payments under nOn-CanlIable operating leases, which fall due as follows.. 2024 2023 Within one year Between two and five years 20,600 8,642 7,100 11,242 29,242 18,342 21 Related party transactions Ramuneratlon of kèy managemènt porsonnol The remuneration of key rnanagement personnel is as follows. 2024 2023 Aggregate compensation 161,396 174,237 During the finanaal year S Pyner, spouse of Sally Pyner Itrusteel, was employed by the charity and was paid a gross salary of £1,55312023'. £1,6071- During the period payments were made to Resilient Orchard Cornwall CIC, a CIC in which Sally Pyner Itrusleel is a director, of £48012023.. £9451 relating to event expenditure. There was no outstanding balance at the year end12023.' £2401. 24-