2022-03-31-accounts

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Registered company number: 01888351 Registered charity number: 292578

CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

UNAUDITED

COUNCIL OF MANAGEMENT'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

CONTENTS

	Page
Reference and administrative details of the Charity, its Council of Management and	1
advisers
Council of Management's report	2 - 4
Council of Management's responsibilities statement	5
Independent examiner's report	6
Statement of financial activities	7
Balance sheet	8
Notes to the financial statements	9 - 23

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS COUNCIL OF MANAGEMENT AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Council of Management	P Athwal
	L Sander
	R Champagnie, Vice Chair
	M Parkes
	M Chang
	Anu Singh (appointed 6 April 2022)
	A Miller Jones
	C Emmott
	N Luder, Chair
Company registered number 01888351 Charity registered number 292578 Registered office 258 - 274 Grays Inn Road London WC1X 8LH Independent Examiner MHA MacIntyre Hudson Chartered Accountants 910 The Crescent Colchester Business Park Colchester Essex CO4 9YQ Bankers Unity Trust Plc Nine Brindleyplace Birmingham B1 2JB CCLA Investment Management Ltd Sentor House 85 Queen Victoria Street London EC4V 4ET Solicitors Russell-Cooke Solicitors 2 Putney Hill Putney London SW15 6AB

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

COUNCIL OF MANAGEMENT'S REPORT FOR THE YEAR ENDED 31 MARCH 2022

The council of management present their report together with the financial statements of the Calthorpe Community Garden (the charity) for the year ended 31 March 2022. The council of management have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

The reference and administrative information set out on page 1 forms part of this report.

Structure, governance and management

The charitable company is limited by guarantee and is governed by its Memorandum and Articles of Association adopted on 20 February 1985 (updated 2015). The members each agree to contribute £1 in the event of winding up. Any surplus remaining must be transferred to charities with similar objectives.

The council of management, who are also members of the company, administer the charity. The members receive no remuneration.

The members of the council of management are updated on a regular basis on issues of relevance to the charity. These briefings are augmented by the council members' personal research and reading.

The staff of the charity assist the council members in ensuring that they are up to date on information relevant to the charity.

The Director is appointed by the council of management to manage the day-to-day operations of the charity. Council of management meetings are held regularly and are attended by the Director.

Appointment and retirement of council members

All members of the council of management must retire at the Annual General Meeting, but all retiring members shall be eligible for re-election.

Objectives and activities

“An inner-city oasis – a community garden and centre where people grow and learn together taking care of each other and the environment”. The Calthorpe Community Garden is unique in providing a one-acre back garden for the Kings Cross community that is safe and fully staffed and where all cultures can interact together.

The Calthorpe Community Garden is a ½ hectare community garden in the heart of King’s Cross. The site contains an early years and community building, a flood-lit five-a-side sports pitch, polytunnels, allotments and gardens. The site demonstrates a closed-loop food cycle microsystem.

The objects and purpose of the charity, as per its Memorandum and Articles, are:

• To promote the benefit of the inhabitants of the King's Cross area without distinction of sex or of political, religious or other opinions by association of the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.

• To establish or secure the establishment of a community centre, and to maintain and manage, or to cooperate with any local statutory authority in the maintenance and management, such a centre for the activities promoted by the company and its constituent bodies in furtherance of the above objects.

Achievements and performance

The period 2021/2022 was undoubtedly a challenging one as society continued its rebound from the Coronavirus pandemic of the previous year. Whilst still affected by sporadic lockdowns and varying levels of restrictions with respect to social distancing CCG was able to increasingly open and restore much of the services that had been run in the years prior to the pandemic whilst still maintaining a core of emergency programmes which included where needed continued outreach to the most vulnerable in our community. All staff, trustees and volunteers feel rightly proud of the organisations achievements.

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

COUNCIL OF MANAGEMENT'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Our core services continued to receive strong usage throughout the year – including the following highlights:

• The return of our supported volunteer programme after closure during covid.

• The continued impact of our foodbank (although we hope to be able to wind down this emergency service in 2022/23).

• Hosting of a succession of major events including: Christmas market, International women’s day, Day of the Dead Festival, Permaculture Festival, Harvest Festival, Defibrillator Training/Walking Football Tournament.

• A return to many face to face community projects including: Afghan refugees weekly engagement session, Bangladeshi women’s allotment group, Tennis for Adults/Kids, Over 50’s Walking Football, Women’s Football, Over 50’s Gardening group.

• CCG core services attracted nearly 1000 beneficiaries with much work done to increase capacity in the coming years.

We would particularly like to highlight our work with children of all ages; we provide a safe, educational, and supportive atmosphere to young people at critical times of their live. Of particular importance are our children’s holiday and weekend play activities which offer valuable respite to families often living in overcrowded conditions.

It is important to recognize though that beyond the numbers issued here in this report CCG represents a real community of people who support each other and those around them no matter how difficult things become. Such external benefits are impossible to quantify when expressed as simply as ‘attendance’ or less still in pounds sterling.

Financially speaking, we have been well supported throughout the year by major grant donors who have generously supported much of our work and allowed us to continue broadly untroubled in terms of income. That said, with new expertise at staff and Board level we are now implementing modernisations across the organisation and looking to increase capacity for other revenue generating activities such as room hire. In further good news the sports pitch, a key income contributor, is quickly returning towards booking capacity as the lockdowns weaken and thus, we are very optimistic that in 2022/2023 and beyond we can be far less reliant on grant income and thus improving the stability of the organisation.

Much time has also been spent planning and building for the future with key new staff hired and new roles identified as CCG begins to adopt an organisational structure which will permit continued growth and expansion of all core services. This will include an enhanced community café which sadly remained shuttered in 2021/22 but will eventually reopen with new street facing access points and with a view to becoming a key economic provider for the institution. With our twenty-year lease and strong relationships with all key local stakeholders this period has been not only about delivery in the here and now but very much about strategizing for both the medium and long term future of the organization. We have also made much progress towards the production of a new business plan which in completion should secure the release of a substantial s106 planning award from the building work on the site adjacent to the garden. This award will be spent improving and enhancing both the building and the gardens at Calthorpe and will make the site a leading example of a community facility.

Public benefit

The management committee have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its current and future activities. In particular, the management committee consider how planned activities will contribute to the aims and objectives they have set. The charity will seek support to deliver projects that meet these aims and objectives by raising funds in the communities we operate in, and by seeking supporters who share these aims and objectives. All activities have been undertaken to further the charity's public benefit.

Financial review

Total income for the year was £413,407 (2021: £440,558). Expenditure was £364,110 (2021: £340,339). Net income for the year was £49,297 (2021: net income of £100,219).

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

COUNCIL OF MANAGEMENT'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Reserves policy

The Calthorpe Project holds free reserves to enable it to develop new services on a pilot basis or when there are urgent needs for services, to meet timing variations in income or unforeseen expenditure, and to provide for contingencies. The council of management regularly reviews the charity's need for reserves in line with guidelines issued by the Charity Commission, the operating environment prevailing at that time, and the general levels of reserves held by similar charities for this purpose.

Staff and the council of management aim to accumulate reserves equal to three months unrestricted expenditure (approximately £91,000) by fundraising for unrestricted funds. As at 31 March 2022, unrestricted funds stood at £204,642, with restricted funds of £131,167. The unrestricted reserves include amounts tied up in fixed asset balances totalling £4,707.

Risk statement

Staff and the council of management have performed a review to assess the key risks faced by the organisation and to establish ways to mitigate them. Specific plans have been put in place to deal with the key risks.

Preparation of this report

In preparing this report, the council of management have taken advantage of the small companies exemptions of the Companies Act 2006.

Approved by order of the members of the Council of Management and signed on their behalf by:

................................................ ................................................ N Luder C Emmott Chair Treasurer Date: 12/12/2022

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

STATEMENT OF COUNCIL OF MANAGEMENT'S RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022

The Council of Management (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Council of Management's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Council of Management to prepare financial statements for each financial year. Under company law, the Council of Management must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Council of Management are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Council of Management are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the Council of Management and signed on its behalf by:

................................................ ................................................ N Luder C Emmott Chair Treasurer Date: 12/12/2022

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022

Independent examiner's report to the Council of Management of Calthorpe Community Garden Limited ('the Charity')

I report to the charity Council of Management on my examination of the accounts of the Charity for the year ended 31 March 2022.

Responsibilities and basis of report

As the Council of Management of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Dated:

14/12/2022

Cara Miller ACCA

MHA MacIntyre Hudson, 910 The Crescent, Colchester Business Park, Essex, CO4 9YQ

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Note Income from: Donations 3 Charitable activities 4 Other trading activities 5 Bank interest receivable Total income Expenditure on: Raising funds 7 Charitable activities 8 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2022 £ 47,138 173,497 35,466 12 256,113 51,955 108,556 160,511 95,602 109,040 95,602 204,642	Restricted funds 2022 £ 5,000 152,294 - - 157,294 3,782 199,817 203,599 (46,305) 177,472 (46,305) 131,167	Total funds 2022 £ 52,138 325,791 35,466 12 413,407 55,737 308,373 364,110 49,297 286,512 49,297 335,809	Total funds 2021 £ 161,692 262,846 15,985 35
				440,558
				58,664 281,675
				340,339
				100,219
				186,293 100,219
				286,512

The Statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities. In the prior year, of the total cost of raising funds of £58,664, £19,703 was allocated to restricted funds and £38,961 to unrestricted funds. Of the total expenditure on charitable activities of £281,675, £219,167 was allocated to restricted funds and £62,508 to unrestricted funds.

The notes on pages 9 to 23 form part of these financial statements.

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CALTHORPE COMMUNITY GARDEN LIMITED

(A company limited by guarantee) REGISTERED NUMBER: 01888351

BALANCE SHEET AS AT 31 MARCH 2022

Note Fixed assets Tangible assets 13 Current assets Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total net assets Charity funds Restricted funds 16 Unrestricted funds 16 Total funds	112,440 175,729 288,169 (24,783)	2022 £ 72,423 72,423 263,386 335,809 131,167 204,642 335,809	27,621 188,757 216,378 (15,574)	2021 £ 85,708
				85,708 200,804
				286,512
				177,472 109,040
				286,512

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Council of Management acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Council of Management and signed on their behalf by:

................................................ ................................................ N Luder C Emmott Chair Treasurer Date: 12/12/2022

The notes on pages 9 to 23 form part of these financial statements.

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. General information

Calthorpe Community Garden is a charitable company and is registered with the Charity Commission (Charity Registered Number 292578) and Registrar of Companies (Company Registration Number 01888351) in England and Wales. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. The address of the registered office is given in the Charity information on page 1 of these financial statements.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Calthorpe Community Garden Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the Charity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these Financial Statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2 Going concern

The financial statements have been prepared on a going concern basis as the Council Members believe that no material uncertainties exist. The Council Members have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the 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 to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.8 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	5% Straight-line
Early year's (U5's) extension	-	5% Straight-line
Office equipment and furniture	-	33% Straight-line
Site improvements	-	20% Straight-line

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.12 Financial instruments

The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows:

Debtors – trade debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 14. Prepayments are not financial instruments.

Cash at bank – is classified as a basic financial instrument and is measured at face value.

Liabilities – trade creditors and accruals will be classified as financial instruments, and are measured at amortised cost as detailed in Note 15. Deferred income is not deemed to be a financial liability, as in the cash settlement has already taken place and there is simply an obligation to deliver charitable services rather than cash or another financial instrument.

2.13 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Council of Management in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2.15 Judgements and key sources of estimation uncertainty

The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:

• Depreciation rates for tangible fixed assets

• Allocation of support costs

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

3. Income from donations

Unrestricted funds 2022 £ Donations 22,138 Grants 25,000 47,138 Unrestricted funds 2021 £ Donations 11,202 Grants 124,982 136,184	Restricted funds 2022 £ - 5,000 5,000 Restricted funds 2021 £ - 25,508 25,508	Total funds 2022 £ 22,138 30,000
		52,138
		Total funds 2021 £ 11,202 150,490
		161,692

4.

Income from charitable activities

Unrestricted funds 2022 £ Activities 165,651 Play - Garden 3,768 Festival 4,078 173,497	Restricted funds 2022 £ 17,628 61,426 73,240 - 152,294	Total funds 2022 £ 183,279 61,426 77,008 4,078
		325,791

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

4. Income from charitable activities (continued)

Activities Play Garden Festival	Unrestricted funds 2021 £ 32,209 60 342 2,403 35,014	Restricted funds 2021 £ 52,304 46,694 128,834 - 227,832	Total funds 2021 £ 84,513 46,754 129,176 2,403
			262,846

Included within income from charitable activities is performance-related grant income of £152,044 (2021: £227,832).

5. Income from other trading activities

Unrestricted funds 2022 £ Room hire 31,499 Other trading income 3,967 Total 2022 35,466 Total 2021 15,985	Total funds 2022 £ 31,499 3,967 35,466 15,985	Total funds 2021 £ 15,174 811
		15,985

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6. Grant income

City Bridge Trust Awards for All Arnold Clark Matrix St Andrews Holborn Charity The Mercers' Company The National Lottery Fund Camden Giving London Community Foundation John Lyons Charity Thornton Francis Crick Kusuma Trust Job Retention Scheme Derwent Fitzdale Trust London Borough of Camden Julia & Hans Rausing Trust Garfield Weston Tesco Young Camden Foundation Independent Age	2022 £ 52,300 9,408 1,000 - - - 47,101 2,000 - 4,000 - - 18,940 - - - 30,000 - - 970 16,325 - 182,044	2021 £ 76,900 - - 3,000 19,200 2,000 65,942 8,000 28,820 - 22,500 2,824 - 41,313 5,000 3,000 40,000 28,094 10,000 500 6,260 14,969
		378,322

During the year, £30,000 was received from the London Borough of Camden (2021: £40,000) and £47,101 (2021: £65,942) was received from the BIG Lottery Fund, all of which are considered to be funding from government sources. There are no unfulfilled conditions and no other contingencies attached to these grants.

A total of £Nil (2021: £41,313) was received through the Job Retention Scheme.

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

7. Analysis of raising funds

Activities undertaken directly Support costs	2022 £ 42,292 13,445 55,737	2021 £ 45,839 12,825
		58,664

8. Analysis of expenditure by activities

Activities Play Early Years (U5s) Garden Total 2022	Activities undertaken directly 2022 £ 79,965 46,961 7,643 69,413 203,982	Support costs 2022 £ 25,422 31,418 2,430 45,121 104,391	Total funds 2022 £ 105,387 78,379 10,073 114,534
			308,373

Activities Play Early Years (U5s) Garden Total 2021	Activities undertaken directly 2021 £ 53,711 33,120 4,990 75,178 166,999	Support costs 2021 £ 20,541 19,069 6,618 68,448 114,676	Total funds 2021 £ 74,252 52,189 11,608 143,626
			281,675

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

9. Support costs

Rent and rates Repairs and maintenance Legal and professional fees Cleaning Insurance Other expenses Governance costs Wages and salaries Other staff related costs Depreciation	2022 £ 13,324 16,674 15,681 2,009 4,079 6,415 6,543 44,486 2,666 5,959 117,836	2021 £ 8,912 14,720 5,331 634 3,335 18,508 6,180 59,794 2,236 7,851
		127,501

10. Governance costs

Independent examiners' remuneration - current year Independent examiners' remuneration - under-accrual of prior year Independent examiners' remuneration - other services Wages and salaries	2022 £ 4,080 - 420 2,043 6,543	2021 £ 3,900 240 - 2,040
		6,180

11. Staff costs

Wages and salaries Social security costs Contribution to defined contribution pension schemes	2022 £ 222,348 11,599 5,065 239,012	2021 £ 226,286 11,070 4,766
		242,122

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

11. Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:

	2022	2021
	No.	No.
Employees	15	16

No employee received remuneration amounting to more than £60,000 in either year.

The total amount of employee benefits received by Key Management Personnel was £40,855 (2021: £40,807). The Charity considers its Key Management Personnel to comprise:

• Council of Management

• Director

12. Council of Management's remuneration and expenses

During the year, no Council Member received any remuneration or other benefits (2021 - £NIL) .

During the year ended 31 March 2022, no Council Member expenses have been incurred (2021 - £NIL) .

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CALTHORPE COMMUNITY GARDEN LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13. Tangible fixed assets

Freehold property £ Cost or valuation At 1 April 2021 184,199 Additions - At 31 March 2022 184,199 Depreciation At 1 April 2021 184,199 Charge for the year - At 31 March 2022 184,199 Net book value At 31 March 2022 - At 31 March 2021 - Debtors Due within one year Trade debtors Prepayments and accrued income	Early year's (U5's) extension £ 165,843 - 165,843 89,835 8,292 98,127 67,716 76,008	Office equipment and furniture £ 8,937 966 9,903 8,937 322 9,259 644 -		Site improve- ments £ 185,072 - 185,072 175,372 5,637 181,009 4,063 9,700 2022 £ 26,566 85,874 112,440	Total £ 544,051 966
					545,017
					458,343 14,251
					472,594
					72,423
					85,708
					2021 £ 24,231 3,390 27,621

14. Debtors

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

15. Creditors: Amounts falling due within one year

Trade creditors Other creditors Accruals	2022 £ 13,480 4,704 6,599 24,783	2021 £ 6,927 4,076 4,571
		15,574

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

16. Statement of funds

Statement of funds - current year

Balance at 1 April 2021 £ Unrestricted funds General Funds 109,040 Restricted funds Garden 46,203 Play 26,660 Early years 4,912 Other restricted grants 4,089 Activity 95,608 177,472 Total of funds 286,512	Income £ Expenditure £ 256,113 (160,511) 73,240 (92,467) 61,426 (63,450) - (3,840) 5,000 (3,782) 17,628 (40,060) 157,294 (203,599) 413,407 (364,110)	Balance at 31 March 2022 £ 204,642
		26,976 24,636 1,072 5,307 73,176
		131,167
		335,809

Garden fund - The Calthorpe Community Garden has funders who fund certain aspects of work within the garden, including the City Bridge Trust, who fund the Volunteer Manager's salary, materials and volunteer expenses for those workng on projects within the garden. The Thornton Charitable Trust covers the salary cost, expenses and capital costs for the Closed Loop programme. Mercers Charitable Trust and Independent Age cover salary and expenses for the Older People's Activity Programme. The London Community Response Fund has provided funding for additional staff to support social and therapeutic horticulture sessions.

Play fund - This relates to funding received for children's play, which covers the salary and materials for weekend and holiday play activities. The National Lottery Community Fund covers the salaries for three weekend play staff, materials and running costs.

Activity fund - This relates to funding for community activities such as Garfield Weston for the support of Project Development, Matrix for promotion and volunteer expenses and LB Camden, St. Andrews Holborn, Francis Crick and the London Community Response Fund for the support and running of the Foodbank.

Early years fund - This relates to funding from the Fitzdale Trust and Postcode Community Fund for improvements to outdoor play facilities.

Transfers were made within the restricted funds in the prior year following a review of the restricted fund categories by Key Management Personnel, to better reflect the nature of the restrictions identified.

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

16. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds General Funds Restricted funds Garden Play Early years Other restricted grants Activity Total of funds	Balance at 1 April 2020 £ 14,744 47,553 27,009 605 11,010 85,372 171,549 186,293	Income £ 187,218 128,834 46,694 - 25,508 52,304 253,340 253,340	Expenditure £ (101,469) (122,285) (45,127) (5,222) (32,379) (33,857) (238,870) (340,339)	Transfers in/out £ 8,547 (7,899) (1,916) 9,529 (50) (8,211) (8,547) -	Balance at 31 March 2021 £ 109,040
					46,203 26,660 4,912 4,089 95,608
					177,472
					286,512

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds 2022 £ Tangible fixed assets 4,707 Current assets 224,718 Creditors due within one year (24,783) Total 204,642	Restricted funds 2022 £ 67,716 63,451 - 131,167	Total funds 2022 £ 72,423 288,169 (24,783)
		335,809

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CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

17. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets Current assets Creditors due within one year Total	Unrestricted funds 2021 £ 9,700 114,914 (15,574) 109,040	Restricted funds 2021 £ 76,008 101,464 - 177,472	Total funds 2021 £ 85,708 216,378 (15,574)
			286,512

18. Operating lease commitments

At 31 March 2022 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

			2022	2021
			£	£
Not later than	1	year	677	677

19. Related party transactions

There were no related party transactions during the period (2021: £NIL).

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