2023-03-31-accounts

Registered company number.. 01888351 RegiSte￿d charity number.. 292578 CALTHORPE COMMUNITY GARDEN LIMITED (A company limited by guarantee UNAUDITED COUNCIL OF MANAGEMENfs REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l CONTENTS Page Rafèronc8 and administrative datails of the Charity. its Council of Managament and advisers Councll of Managem•nt's report Council of Manag•mont's r￿pOnsibl11tios statamenl Indèpendènt èxamln•r'$ roport Slatsment of financlal a¢ti¥lllg¥ Balance sh••t 10 Not￿ to the financlal statsm•nts

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS COUNCIL OF MANAGEMENT AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Council of Managgm8nt P Athwal (resigned 4 March 2023) L Sander Iresigned 13 February 20231 R Champagnie M Parkes Iresioned 9 December 20221 M Chang Iresigned 4 March 20231 Anu Sinqh (appointed 6 April 2022, resiqned 4 March 20231 A Miller Jones Iresigned 9 December 20221 C Emmott Iresigned 4 Mar¢h 20231 N Luder Iresigne<l 8 February 2023} J Ashton lappointed 4 March 20231 C Gonzalez Cruz lappointed 4 March 20231 A Juarez Manosalva (appointed 4 Mar¢h 20231 L Levidow lappoinled 4 March 20231 B Nehar (appointed 4 March 2023} E Rowcliffe lappoinled 4 March 20231 R Uddin (appointed 4 March 20231 Company r•glst•r•d numb•r 01888351 Charlty reglstsred numb•r 292578 Roglstored offlce 258- 274 Grays Inn Road London WC1X8LH Indopondont Examlnor MHA Chartered Accountant¥ 910 The Cre5￿￿t Colchester Business Park Colchesler Essex C04 9YQ Bankors Unity Trust PIC Nine Brindleyplace Bimingham B1 2JB CCLA Investment Management Ltd Sentor House 85 Queen Victoria Street London EC4V4ET Page 1

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS COUNCIL OF MANAGEMENT AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Solicitors Russell£ooke Solicilors 2 Putney Hill Putney London SW15 6AB Page 2

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l COUNCIL OF MANAGEMENT'S REPORT FOR THE YEAR ENDED 31 klARCH 2023 The council of management p￿sent their ￿port together IMth the financial stslements of the Calthorpe Community Garden (the charity) for the year ended 31 March 2023. The council of management have adopted the provisions of the Statement of Recommended Practice ISORPI Accounting and Reporting by Charities IFRS 1021 in preparing the annual report and financial statements of the char￿. The reference and adminislralive infom)ation set out on page 1 fom)s part of this report. Structure. governanc8 and managemènt The charitable company is limited by guarantee and is govemed by ts Memorandum and Articles of Association dDpled on 20 February 1985 lupdaled 20151. The members each agree lo contribute £1 in the event of wnding up. Any surplus remaining musl be transferred to charities with similar objective5. 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 updaled on a regular basis on issues of relevance to the tharity. These briefings are augmented by Ihe council members. personal research and reading. The staff of the charity assist the council members in ensuring that they are up lo dale on information relevant lo the charity. Under normal circumstances, the Director is ap inled by the council of management lo manage the d8y-lo-day operations of the charity. Since the departure o the most recent Director in March 2022, day-to-day operations have been managed by the Operations Manager and Business Manager loverseen by the council of managomgnll while the hiring process for a new Director Is underway. The new Director will assume the usu81 roles once they have been selected. Council of management meetings are held regularfy and are attended by the Managers and any relgvant staff members where necessary. AppoSnlm•nt and retlr•mnt ol councll Mem￿1$ All members ol the council of management must retire at the Annual General Meeling, bul all retiring members shall be eligible for revelection. Objectiv•8 and a¢tivitl•8 "An Inner-city oasis - a community garden an(J centre W1)e￿ people grow and learn together taking eare of each other and the environment.. The Callhorpe Community Garden is unique in providing a one-acre back garden for the Kings Cross community that is safe and fully staffed and %there all cultures can interact together. The Calthorpe Community Garden is a 'A hectare community garden in the heart of King'5 Cr05s. The slte contains an early years and ¢ommunty building. a flood-lit five-a-side 5POrts prteh, potytunnels, allolmen15 and gardens. The sile demonstraleg a clo$ed4oop food cyde microsyslem. The ob'ects and ur se of the chari as r rts Memorandum and Arbdes 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 authorits'es. voluntary organisations and inhabitants in a ¢ommon effort lo advance education and lo prowde facilrtses in the interest5 of social welfare for recreation and leisure-time occupation wth the object of impioving the condib.ons of life foi Ihe said inhabitsnts. 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 ils constituent bodies in fijrtherance of the above objects. A¢hleYem•nts and porfomian¢e Over the past year our CO￿ services have remained in great demand from the local community. and as we have transitioned out of the Covid-19 pandemic from the beginning of 2022 there has been a major effort to retum to nonmal levels of ath'vities, services and community outreach at the charity. The Board of Trustees is very pleased overall with the concrete progre55 Ythich has been made acros5 all aspects of Callhorpe's charitable tsbjeclives, and the sustained beneficial impaGI of the charity's work on the social and educational wellbeing of local residents. as detailed below. Page 3

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l COUNCIL OF MANAGEMENT'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 klARCH 2023 In the wake of the pandemic's consideraNe conseqtlences on social interaction and face-lo-face activities. a central focus ol the past year has been to reconnect wth volunteer groups. visitors and communities whose ability to visit Calthorpe was hampered by the pandemic. an initiatsve which has seen overwhelming success and enthusiastic engagement from a wde variety of communities in King's Cross. Volunteers in the garden have been able lo join In food growing and maintenance of vegetable bed5, harvesting food from the garden lo contribute to weekly lunches which a￿ prepa￿￿ by members of the Labn American over*Os group. Older groups have also learned embroidery and weaving, held coffee momin9s and taken part in outdoor group exercise with their peers, championing the importance of access to green spaces as a comerstone ol a healthy lifestyle. The long-standing 8angladeshi Women's gardening group has also been joined by a Bengali interpreter who holds weekly meetings to feed experiences and suggesb"on5 back to staff and ensure volunteers feel involved in the lrfe of the charity. A particular highlight of the gardgn stairs work is ￿nstitutel by the supported horticultural volunteering and training programme$ Cakhorpe offers for adults wth learning disabiltiies and mental hearth conditions. These volunteers have the opportunity to take part in food growing, maintenance of vegetable beds, wldflower planting lo encourage pollinators and learning essential horticultural skills while gaining confidence in a dynamic garden setting. We would also like lo foreground Catthorpe's continuously broadened outreach and the eslablishmenl of further collaborative projert$ to welcome le$$ well-supported communities in King's Cro$$, building Calthorpe'$ ¢apa¢ity to deliver new and engaging services to key local stakeholders. This has enjoyed great success in no small part lo the diligent work which staff have pul into establishing new roots with a wide range of local organisalions, charities and voluntary organisalions wlhin Camden and greater London as a whole, vthile reinforcing the implemenlalion of much-loved community programmes alfeady in place. A new and upcoming CCG volunteer programme lo be launched in summer 2023 wll aim lo slrengihen collaborations wlh students and universities in particular, and build up a large community of regular volunteers from across the local area. A continued partnership wth local women's centre Hopscotch has welcomed Afghan refugee families lo the Callhorpe, offering an inv￿n9 space for the Afghan community lo cook. eat and socialise wlh the support of inlerprelers. Through a recently established parlnership with Heafthprom. a health and social inclusion charity, the garden ha$ fvn¢tioned as a social hub for Ukrainian refvgees in the local area, while weekly gardening groups have been joined by refugees from Hong Kong, tho tend to the vegetable beds, help to organise charity events and share their own horticultural knO￿edge wilh staff. The charity's ongoing collaborats'on with Mind in Camden has seen ever-popular weekly sessions to promote conversations around good mental health, wellbeing and local support within the Community. Another recent partnership with the Black Mary Project, a community art and storytelling Initiative which aims lo uncover the history of Camden's diverse global communities. is working with volunteers and artists lo create a comMemorat￿e statue for Ihe mosaic garden voted for by the community. In keeping with previous years, the charity has hosted a succession of major annual events in collaboration with local communities, many of which are now regular and much-anticipated dates in Calthorpe's social calendar. Thi5 year such festivals have Included Intemabonal Women'5 Day, the Lunar Lantem Festival, Dia de 105 Mijertos IDay of the Deadl, the Harvest Festival. the annual Christmas Ma￿et. and the Camden River ol Hope celebration. A further highlight of the past year has been the ever4Jrowng popularity of the sports prtch, which has returned to near it5 full daytirne booking capacity and now stands as a signthcant and reliable source of income for the ¢hanty. Regular fixtures have involved a disability football session in partnership wlh the local further educational college, a walking football group. a women's football group and tennis for children and adults. all of which seek lo accommodate the ¥Mde range of needs and abilities in the local area and have proven immensely popular. Multi- sports camps during the summer and Christmas holidays, an annual youth football tournament and weekly school football dropin sessions constitute a valuable provision for children and young adutts throughout the year. Plans are also underway lo reintroduce the Rising Coach programme for young people out of education, and in the coming year we Intend lo expand prtch hire lo lunthlime and after-school leagues as an additional stable Contributor of income for the d)arity. Page 4

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l COUNCIL OF MANAGEMENT'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 klARCH 2023 In further good news. this year has been a success for eady years provision al Catthorpe. wth a vasuy increased number of members registered from surrounding boroughs. These services offer an enriching, supportive and engaging environment for local children while suppoth'ng their families through what has in many respects been a challenging year, and also provide residents a valuable opportunity to build sUPPOrt netsvorks within their local community. Children have the opportunity lo play creatively and spontaneously in the natural environment while developing their communicabon skills. enriching their understsnding of the wodd and providing opportunities lor physical activity outdoors. In a similar vein, the Weekend Play project for school-age children has continued to provide numerous outdoor ath'vities such as creating bird teeders for the garden, foraging, cooking and baking, arts and crafts using natural materials, and leaming to care for the garden's thriving ¥Mld ecosystem throughout the year. In financial terms we have continued to receive the generous support ol several major grant donors. including fiJnding to support the Weekend A¢¢e$s to nature groups run lor lo¢al ¢hildren and s¢hool holiday playschemes throughout the year. Total grant funding was a little lower than the previous financial year, in part due to a more hallenging grant landscape and increased compets'lion for bids, ihough grants still remain an important and much-apprecialed source of finan￿al support for our services. and the chanty wll conb'nue lo actively pursue relevant grant opportunities in the coming year. In the wake of cro$s-organi$alional modemisalion$, ￿pacity for arternalive revenue generation strategies has been ampty expanded.. room hire ha$ seen a $ignffi¢anlly in¢reased Ltptake Since the previous financial year, and with the implementation of a streamlined calendar for bookings now stands as one ol the charity's major income conlribulors. This period has also seen a marked growth In the charity's corporate volunteering programme, with an increased operational capauty enabling the garllens lo welcome groups from partner organisalions most weeks of the year lo work on the srte and assist stsff wth garden maintenance. This has c(>nslituled a predominant and reliable source of un￿$1￿cte¢j funding over the past year. and ￿ are opts'mislic that ils inclusion as a regular and ongoing activity in the Calthorpe calendar wll contribute to a reduction in the charity's reliance on grant income in the long term. The beginning of the 2022 financial year Saw the departure of the Callhorpe's Director Louise Gales after 21 years of dedicated service lo the charity. In the intervening tsme, the Boartj has worked closely wlh senior managers lo support them in the running of daY-l￿daY operations. lo ensure that Callhorpe continues lo meet ils charitable objectives, and to proceed wth outlining the long-terni strategic direction for the charity post-covid. At the time of writing. the process to begin adVe￿'sIng for a new Director is already underway, with the aim of finding a suitable candidate for the post by the autumn of 2023 who will work dosely with staff and the Board on further developing Callhorpe's core sewvi¢e5. mid- and long-lerm income generation strategies and the $106 business plan. March 2023 also saw a new intake of trustees assume roles on the Board, bringing relevant expertise and a close kno¥￿edge of the communty lo the posrb'on. the trustees wll ¢ontinue to focus on the aforementioned priorities while ensuring that the Calihorpe conts'nues to meet its charitable objectives. Progress towards the new CCG s106 business plan has continued steadity wlh ongoing consultation befvleen the charity and local authority representatives lo ouuine 115 expected scope and bmeline. The Board and managers have continued lo research and explore a range of promising Options. including prospects for a considered and profitsble social enterprise which would generate a steady source of revenue for the ¢harily. and potential improvements to Calthorpe's building and gardens ¥thich wll ensure the site remains a leading community facility. In order lo strengthen community engagemenl, we have also set in motion a process of ongoing consultation with our local residents, induding the recent establishment of regular communily-led Working Group meetings lo encourage broader participatson in the lrfe of the charty and lo better understand how the CCG business plan can meet the nee¢Ys of King's Cross's thriving local ¢ommunilies. The generous s106 planning award offered by UCL remains an eXc￿n9 new opportunty for the Carthorpe, and the charty looks forward to strengthening its ongoing partnership wth the organisation in the coming years as a key stakeholder in King's Cross, worfd-leading KnovAedge Quarter. The trustees would also like lo ackno%￿edge the immense effort and dedication shown by staff and volunteers in their work over the course of the past year. While the post-covid landscape has presented numerous challenges Page 5

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l COUNCIL OF MANAGEMENT'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 klARCH 2023 to the chanty sector. the daY-l￿daY operation of the Calthorpe ¢￿tinUeS lo be of immense importance lo the ¢ommunity that it was created to serve. This remains possible only wth the valuable experience and continuous support of all those who give their time to ensure that the charity fulfils its charitable objectives and fvrthers its public benefit. We are confident that such a strong commitment lo the charity's values from across the local community puts the Calthorpe on a secure footing for the future. Public bènèfit The management committee have referred to the guidance contained in the Charty Commission's general guidance on public benefit when reviewing the charitys aims and objectives and in plannin9 Its current and future lctivilies. In particular, the management committee consider how planned aclivrties will contribute lo the aims and objectives they have sel. The charity wll seek support lo deliver projects that rneel these aims and objectives by raising funds in the communities we operate in. and by seeking supporters share these aims and objectives. AJI activities have been undertaken lo fvrther the ¢haritls public benefit. Flnancial ravlow Total income for the year was £463,665 12022.. £413,407I. Expenditure was £422,275 12022.. £364,110). Nel income for the year was £41,39012022'. net income of £49.2971. Rg$grve$ pollcy The Calthorpe Project holds free reserves lo enable it lo develop new $ervi¢es on a pilot basis gr when there arg urgent needs for services, lo meet liming variabons in income or unforeseen expenditure, and to provide for contingencies. The council of management regulady reviews the charitys need for reserves in line with guidelines issued by the Chanty Commission. the opeiatsng environment prevailing al that lime, and the general levels of reserves held by similar charities for this purpose. Staff and the council of management aim to accumulate reserves equal to three months unrestricted expenditure (approximately £106,000) by fundraising for unrestricted fvnds. As at 31 March 2023, unrestricted funds stood at £271,701, with restricted fund5 of £105.498. The unrestricted reserves indude amounts b'ed up in fixed asset balances lolalling £322. Rlsk statement Staff and the council of management have perfonned a review to assess the key risks faced by the organisation and to establish ways to mitigate them. Specific plans have been put in place to deal wth the key risks. Preparation of thi$ report In preparing this report, the council of management have taken advantage of the small companies exemptions of the Companies Act 20C6. Approved by order of the members of the Council of Management and signed on their behalf by.. A Juarèz Manosal¥a Trustee Date.. 2011112023 Page 6

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l STATEMENT OF COUNCIL OF MANAGEMENT'S RESPONSIBIUTIES FOR THE YEAR ENDED 31 AIARCH 2023 The Counul of Management Ibtho a￿ also the directors of the Charity for the purposes of company lawl are responsible for preparing the Council of Management's report and the financial statements in accordance ￿rith applicable law and United Kingdom Accounting Standards (United ￿.￿gdoM Generally Accepted Accounts'ng Praclicel. 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 prepanng these financial stslements. the Council of Management are required lo: select 5uilable accounting policies and then apply them consislenuy". observe the meth¢xls and principles of the Charities SORP IFRS 1021., make judgments and accounting estsmates that are reasonable and pnjdent., stsle whether applicable UK Accounting Stsndards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial slalements on the going concem basis unless il is inappropriate lo presume that the Charity wll continue in business. The Council of Management are responsible lor keeping adequate accountsng records that are sufficient lo show and explain the Charity's transactions and disclose wlh reasonable a¢¢uracy al any lime the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Aet 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 membL¥S of the Council of Management and signed on ilg behalf by.. A Juarez Manosalva Trustee Dale.. 2011112023 Page 7

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 Indèpèndènt èxamln8r'$ rsport to tho Coun¢ll of Managomont of Calthorpg Communlty Gardon Limited I'th& Charity'l I report lo the tharity Counul of Management on my examinab"¢)n of the accounts of the Charity for the year ended 31 March 2023. Responsibilitios and basis of report As the Council of Management of the Charity land its directors for the purpo$e$ of ¢ompany lawl you are responsible for the preparalion of the accounts in accordance wth the requirements of the Companies Act 2006 I'lhe 2006 Act'i. Having satisfied myself that the accounts of the Chanty are not required lo be audited under Part 16 of the 2008 Act and are eligible for independent examination, I report in respect of my examination of the Charitys accounts carried out under section 145 of the Charities Act 2011 Ilhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under sed￿ft 14515llbl ofthe 2011 Act. Independent examlner'¥ $tatemgnt Since the Charity's gross income exceeded £250.000 youf examiner musl be a member of a body listed In section 145 of the 2011 Act. I confim Ihal l am qualified to undertake the examination because l am a member of the Associatson of Chartered Certj'fied Accounlants, which is one of the lisle(I bodies. I have completed my examination. I confim that no matters have come to my attention In connection wkh the examination giving me cause to believe in any material respect.. accounting records were r￿t kept in respect of the Chanty as required by seth'on 386 of the 2006 Act., or the accounts do not accord wrth those records". or the accounts do not comply wth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examinats'on., or the accounts have not been prepa￿d rn accordance ￿￿th the methods and principles Lif the Stslement of Recommended Practice for accounb'ng and reporting by charilies applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no ¢on¢erns and have come across no other matters in connection wlh the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. Dated.. 20 Novernber 2022 Cara Miller ACCA MHA, 910 The Crescent, Colchesler Bu5ine55 Park. Essex. C04 9YQ Page 8

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2023 Unrnstrictsd funds 2023 Rostrictsd funds 2023 Total funds 2023 Total funds 2022 Note Income from: Donations Charitable acliwt.es Other trading activities Bank interest receivable 52,378 190.594 62.357 5,716 52,378 343,214 62,3S7 5,716 52, 138 325, 791 35,466 12 152.620 Total incom8 Expendlturè on: Raising funds Charitable acliwbes 311.045 152,620 463,665 413,40T 92.214 151,772 92,214 330,061 55,737 308,373 178,289 Total expgndlture 243.986 178,289 422,275 364, 110 67,059 12S,6691 41,390 49,297 Not movoment In funds Re¢on¢lllatlon of funds: Total funds brought forward Net movement in funds 204.642 67,OS9 131,167 12S,6691 335,809 41,390 286.512 49,297 271.701 105,498 377,199 335,809 Total funds carrl•d for￿rd The Statement of financial activities includes all gains and losses re￿gnised in the year. All income and expenditure derive from continuing activities. In the prior year, of the total cost of raising funds of £55,737, £3,782 was allocated to restricted funds and £51,955 to unreslricted fvnds. Of the lolal expenditure on charitable activities of £308,373. £199,817 wa5 all￿ated to restricted funds and £108,556 to unrestricted fijnds. The notes on pages 11 to 25 fonn part of these financial statements. Page 9

CALTHORPE COMMUNtrY GARDEN UMITED IA Company limited by guaranteo) REGISTERED NUMBER: 01888351 BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Mole Flx•d assèts Tangible assets 13 59,746 72,423 59.746 72,423 Current a$sots Debtors Cash al bank and in hand 14 42,258 465,642 112,440 175, 729 507,900 288. 169 Creditors.. amounts fallin9 due within one year 15 1190,4471 (24, 783) Not current assets 317,4S3 263,386 Total not assots 377,199 335,809 Charlty funds Reslricled funds Unreslri¢ted funds 16 16 105,498 271,701 131, 767 204,642 Total fundy 377.199 335,809 The Charity was enlilled lo exemption from audrt under section 477 of the Companies Act 2006. The members have not required Ihe Company to ¢)btsin an audit for Ihe year in question in a￿ordanCe with Section 478 of Companies Act 2006. The CounrAI of Management ackno%￿edge their responsibilities for complwng with the requirements of the Act vnth reypect to accounting records and preparation of financial statements. The financi31 statements have been prepared in accordance wilh the provision$ applicable lo entities subject to the small companies regime. The financial 51alements were approved and authorised for issue by the Council of Management and signed on their behalf A Juarpy Mano8alva Trustee Date.. 2011112023 The notes on pages 11 to 25 fomi part of these financial statements. Page 10

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 General information Catthorpe Community Garden is a charitable company and is registered wlh the Charity Commission (Charity Registered Number 2925781 and Registrar of Companies (Company Registration Number 018883511 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 slatemenls. Accounting policie8 2.1 Basls of proparatlon of financlal stst•monts The finanaal statements have been prepared in accordance wth the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Companies Act 2006. Callhorpe Community Garden ￿'MIted meets Ihe definition of a public benefit entty under FRS 102. Assets and liabilities are inilially recognised at historical cost or transaction value unless otherwse stated in the relevant accounts'ng policy. The financial statements are prepared on a going concem basis under the historical cost convention, modified lo include certain rtems al fair value. The financial stslemenls are presented in sterling which is the functional currency of the Chanty and rounded to the nearest pound. The significant accounting policies applied in Ihe preparatson of Ihese Financial Statements are sel out below. These policies have been con51slenUy applied to all years presented unless olherwse slated. 2.2 Golng ¢on¢¢m The financial slalements have been prepared on a going concem 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 aulhorising these financial slalemenls. The budgeted income and expenditure is sufficient wrth the level of reserves for the Charity lo be able lo ￿ntsn￿e as a going con¢em. 2.3 Income All income is recognised once the Chanty has enlthemenl to the income. il is probable that the income wll be received and the amount of income r￿e1Vable can be measured reliably. Grants are induded 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 enlrtlement of receipt, ils recognrtion is deferred and induded in creililors as deferted in￿rne. Where ents"tlement occurs before income is received. the In￿Me is accrued. Income tax recoverable in relation to investment income is recognised at the ts'me the investment income 15 receivable. Page 11

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ountlng poll¢l•$ l¢ontlnu•d} 2.4 Expenditure Expenditure is recognised once there is a legal or Constructive obligation lo transfer economic benefit lo a third paty. it is probable that a transfer of economic benefits VAII 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 ath'vity. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs which conlnbule lo more than one activity and support costs which are not attributable lo a single activity afe apportioned between those activities on a basis consistent with the use of resources. Central stsff costs are allocated on the basis of time spent, and depreciats'on charges allocated on the portion of the a$set'S LBe. Expenditure on charitable a¢tivrties is incurred on dire¢Uy Undertaking the aclivi(ies vthich further the Chanty's objedives, as well as any associated support ￿$1$. All expenditure is inclusive of irrecoverable VAT. 2.5 Govemm•nt grants Government grants relating lo tangible fixe¢J assets are treated as deferred income and released lo the Statement of financial activities over the expected usefvl lives of the assets concerned. Other grants a￿ ¢redrted to the Ststement of finan¢ial a¢tivities as Ihe related expenditure is incurred. 2.6 Interost r•celvabl Interest on funds held on deposit is included when rtteivable and the amount can be measured reliably by the Chanty." this is normalfy upon nolificab'on of the interest paid or payable by the institution vAth ￿0M Ihe funds are depostted. 2.7 Taxatlon The Charity is considered lo pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore rt meets the defintb.on of a chartsble company for UK corporation tsK purposes. Accordingly. the Chanty is potentially exempl 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 exient that such income or 9ains are applied exclusively to charitable purposes. Page 12

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ountlng poll¢l•$ l¢ontlnu•d} 2.8 Tangible fixed assets and depreciation Tangible fixeil assets costing £500 or MO￿ are capilalised and recognised when future economic benefits are probable anfj the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognrtion, under the cost model, tangible rixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bnng a tsngible fixed asset into its intended working condition should be included in the Measu￿Ment of ¢osL Depreciation is charged so as to allocate the cost of tangible fixed assets le$$ their residual value over their estimated usefvl lives, using the straight4ine method. Depreciation is provided on the followng basis.. Freehold property Early yearfs IUS'$l exten$i¢)n Office equipment and furniture Site Improvements 5% Straight-line 5% Straight4ine 33% Strai9ht-line 20% slraigh14ine 2.9 Debtor¥ Trade and other debtors are T￿ognIsed at the Settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.10 Ca$h at bank and In hand Cash al bank and in hand includes ¢ash and short-lemi highly liquid inve$lmenl$ with a short malurily of three months or less from the date of acquisits'on or opening of the deposit or similar account. 2.11 Liabilities and provisio Liabilities are recognised vthen the￿ is an obligation al the Balance sheet date as a result of a past event. il is probable that a transfer of economic benefil wll be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recogni5ed at the amount that the Charrty anlirApate3 it wll pay to settle the debt or the amount il hag received as advanced payments for the goods or services it musl prowde. Provisions are measured at the best estimate ol 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 unwnding of the discount 13 recognised in the Ststement of financial actsvilie5 as a finance cost. Page 13

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ountlng poll¢l•$ l¢ontlnu•d} 2.12 Financial instruments The Charty only holds basic Financial Instwments. The finanaal assets and financial liabilities of the Charity are as follows= Debtors trade debtors are basic financial instruments and are debt instruments measured al amortised cost as detailed in Note 14. Prepayments are not financial inslrumenls. Cash al bank- is dassifie(l as a basic financial instrument and is measured at face value. Liabilities- trade creditors and accruals wll be classified as financial instruments, and are measured al amortised cost as detailed in Note 15. Defe￿ed income is not deemed to be a financial liability, as in the cash settlement has already tsken place and there is Simply an obligation lo deliver charitable services ralhef than cash or another financial inslrumenl. 2.13 Pen$l¢ns The Charity operates a defined contribution pension scheme and the pension charge represents the amoun15 payable by the Charity to the fund in respect of the year. 2.14 Fund a¢¢ountlng General funds are unre$lri¢ied fund$ which are available for use at the dI￿retIon of the Cguncil of Management in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds vthich are to be used in accordance %Mth specific restrictions imposed by donors or vthi¢h have been raised by the Charrty for parts'¢ular purposes. The costs of raising and administering such fvnds are charged against the specific fund. The aim and use of each restricted fvnd is set out in the notes to the financial statements. Investment income. gains an(J losses are allocated lo the appropriate fvnd. 2.15 Judgemgnts and key sour¢e$ of ostlmallon ￿￿￿rtaInty The followng judgements (apart from Ihose involving ests'matesl have been made in the process of applwng the above accounting policies thal have had the most significant effect on amounts recognise<J in the financial stslements". Depreciation rates for tangible fixed a$set$ . Allocation of support costs Page 14

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from donations Unrestrict8d R￿triCt9d nds funds 2023 2023 Total funds 2023 Donations Grants 22,506 29,872 22,506 29,872 52.378 52.378 Unrestricled funds 2022 Reslricled funds 2022 Total funds 2022 Donations Grant$ 22.138 25,000 22, 738 30,000 5,000 47, 738 5,000 52, 138 Income from charftsble 8¢tlvltles Unrestricted Restrictod fund$ funds 2023 2023 Total fund$ 2023 Activities Play Garden Fests'val 172,591 34,865 57,097 60,658 207,456 57.097 68.016 10,645 7.358 10,645 190.594 152,620 343.214 Page 15

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from charitsbje activities (continued) Unresltycled funds 2022 Reslricled funds 2022 Total runds 2022 Activities Play Garden Fests'val 165,651 17,628 61,426 73,240 183,279 61,426 77,008 4,078 3. 768 4,078 173,497 152,294 325, 791 Induded within income from charitable ath"vitses is perfomian¢&relaled grant income of £152,82012022.. £352,044). Incomg from othgr Iradlng acllvbtbg$ Unrgstrlctgd nds 2023 Totsl funds 2023 Total funds 2022 Room hire Other trading income Mer¢handi5e 33,973 1,139 27,245 33,973 1,139 27.24S 31,499 3,967 Total 2023 62,357 62.3S7 35,466 Total 2022 35.466 35.466 Page 16

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Grant income 2023 2022 Cty Bridge Trust Awards for All Arnold Clark Cty of London The D'oyly Carte Charitsble Trust The National Lottery Fund Camden Giving John Lyons Charity Kusuma Trust Fitzdale Trust London Borough of Camden Te8CO Young Camden Foundation 41.719 52,300 9.408 1,000 4.872 3,000 41,697 6.538 47, 101 2,000 4,000 18,940 18,939 3,000 50,327 30,000 970 16,325 12,400 182.492 182,044 During the year. £50.327 was received from the Lont1on Borough of Camden 12022". £30.0001 and £41.697 12022." £47.1011 was weived from the BIG Lottery Fund. all of which are considered lo be funding from govemmenl sources. There are no unfuffilled conditions and no other ¢onb'ngencies attached to these grants. Analysis of raislng funds 2023 2022 Activities undertaken directty Support costs 61.461 30,753 42,292 13,445 92.214 55,737 Page 17

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysis of expenditure by activities Activiti8$ undertaken directly 2023 Support costs 2023 Total funds 2023 Activitie$ Play Early Years IUSs} Garden 74,834 48.755 9.345 80,844 37,444 33,711 4,676 40,452 112,278 82.466 14.021 121.296 Total 2023 213.778 116,283 330.061 Ac1wit￿S undertak8n directly 2022 Support ¢osls 2022 Total funds 2022 Activities Play Earfy Years IU5s} Garden 79.965 46,961 7.643 69,473 25,422 31,418 2,430 45, 127 105,387 78,379 10,073 114,534 Tol812022 203,982 104,391 308,373 Page 18

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Support Costs 2023 2022 Rent and rates Repairs and maintenance Legal and professional fees Cleaning Insurance 12.911 11.786 11.025 4.295 5,786 13,324 16.674 15,681 2,009 4,079 r ij Other expenses Govemance costs Wages and salaries Other staff related costs Depreciats'on 9,S14 7.295 73.697 6,342 4,385 6,415 6,543 44,486 2,666 5,959 147,036 117,836 10. Governance costs 2023 2022 Independent examiners. remuneration- current year Independent examiners. remuneration - laxkn'on services Independent examiners. remuneration - over-a¢¢rual of prior year fee Independent examinecs, ￿MUneration - other services Wages and salaries 4,000 1.200 14201 360 2,075 4,080 420 2,043 7.295 6,543 Page 19

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. Staff costs 2023 2022 Wages and salaries Social security cosls Contribution to defined contribLrtion pension schemes 261.037 13.168 5,829 222,348 11,599 5,065 280.034 239,012 During the year, ex*ralia termination payments of Q8,000 12022.. £Nill were paid lo one 12022.. Nill members of staff. The average number of persons employed by the Charity during the year was as follows.. 2023 No. 2022 No. Employees 13 15 No employee received remuneration amounting to more than £60.000 in either year. The total amount of employee benefft$ receiveil by Key Management Personnel was £41,495 12022.. £40,855>. The Charity considers ils Key Management Personnel to comprise.. Council of Management Director 12. Councll of Managemont's remuneratlon and expfrn8es During the year, no Council Member received any remunerab.on or other benefts f2022- £NIL). During the year ended 31 March 2023, no Council Member expenses have been incurred (2022- £NILI. Page 20

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Tangible fixed assets Office equipment and fumltu Early yearfs IU5'sl èxtension Site improve- monts Freehold PrO￿rtY Total Cost or valuation Al 1 Apnl 2022 Disposals 184.199 165.843 9.903 185,072 19,5701 545.017 19.570 At 31 March 2023 184.199 165.843 9.903 175,502 535.447 Dgpreclallon Al 1 April 2022 Charge for the year On disposals 184,199 98.127 8.292 9.259 322 181,009 4,063 19,5701 472.594 12.677 19,5701 Al 31 March 2023 184,199 106.419 9.581 175,502 475.701 Ngt book value Al 31 March 2023 59.424 322 59.746 Al 37 Ma￿h 2022 67.716 644 4,083 72,423 14. Debtors 2023 2022 Due wlthln one year Trade debtors 33,394 8.864 26,566 85,874 Prepayments and accrued income 42,2S8 112,440 Page 21

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 1S. Creditors: Amounts falling due within one year 2023 2022 Trade credrtors Other creditors Accruals and deferred income 16.548 4.277 169,622 13,480 4, 704 6,599 190.447 24, T83 2023 2022 Resources deferred during the year 162,760 Deferred income relates lo compensation received due lo disruption caused by building works on an adjacent sile. The compensation is recognised In the Statement of Financial Activities on a straight line basis over the term of the building works. wth £162,760 held In deferred inetsme al the Balance Sheet dale. Page 22

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 16. Statement of funds ststem•nt of fund$ - current year Balance at 31 March 2023 Balance at 1 Aprfl 2022 Income Expendlture Unrestricted funds General Funds 204.642 311.045 {243.9861 271.701 Rostrlctod funds Garden Play Early years Other restricted grants Activity 26,976 24.636 1.072 5,307 73.176 60,658 57.097 {77,1631 {58.0711 11,0721 11,3371 140,6461 10,471 23.662 3,970 67.395 34.865 131,167 152,620 {178.2891 105.498 Totsl of funds 335,809 463,66S {422.2751 377.199 Garden fun¢J - The Callhorpe Community Garden has lunders who fund certain aspects of work wlhin the garden. including the City Bridge Trust, wtho fund the Volunteer Managerfs salary, materials and volunteer expenses for those workng on projects wthin the garden. The Thomton Charitable Trust covers the salary cost. expenses and capital cost5 for the Closed Loop programme. Mercers Charitable Trust and Independent Age cover salary and expenses for the Olijer People's Activity Prograrnme. The London Community Response Fund has provide(J funding for addib.onal stsff lo support gocial and Iherapeuts"c horticultu￿ sessions. Play fund - This relates to fijnding received for children's play, which covers the salary and materials for weekend and holiday play activities. The Nabonal Lottery Communty Fund covers the salaries for three weekend play staff, materials and running costs. Activity fund - This relates lo fijnding for Community activib'es such as LB Camden. Sl. Andrews Holborn. Franas Crick and the London Community Response Fund for the support and running of the Foodbank. Earfy years fund This relates lo fijnding from the Fitzdale Trust and Postcode Community Fund for improvements to outdoor play facilrties. Page 23

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 16. Statement of funds Icontinuedl ststem•nt of fund$ - prlor yoar 8alance at 31 Ma￿h 2022 Balance at l Apnl 2021 InGoffte Expendrtut Unrestricted funds General Funds 109,040 256, 713 (160,577) 204,642 R•strict•d funds Garden Play Early years Other reslricled grants Activity 46,203 26,660 4,912 4,089 95.608 73.240 61,426 (92.46T? (63,450) (3,840) {3, 782? (40,060) 26,976 24,636 1,072 5,30T 73,776 17,628 177,472 157,294 (203,599) 131, 167 Totsl of funds 286,512 413,407 (364, 110) 335,809 17. Analy$l8 of net a$s•ts bet%￿n lunds Analysis of not assets bfrt*wn funds- currnnt year Unrestricted Restricted fvnds funds 2023 2023 Total fund$ 2023 Tangible fixed assets Current assets Creditors due wthin one year 322 461.826 1190,4471 59,424 46,074 59.746 507.900 1190,4471 Totsl 271,701 105,498 377.199 Page 24

CALTHORPE COMMUNtrY GARDEN UMITED {A ¢¢mpany limitod by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 17. Analysis of net assets between funds (continued) Analys1$ of n•t assets bètwn funds- prlor year Unrestricted funds 2022 Restricted funds 2022 Total funds 2022 Tangible fixed a$sel$ Current assets Creditors due wrthin one year 4,707 224, 718 (24. T83) 67, 716 63,451 72.423 288, 169 (24. 783? Total 204,642 131, 167 335,809 18. Op•r*tlng lèa#è cofflmltrnontl Al 31 March 2023 the Charity had commitments lo make lulure minimum lease payments under non- Cancellable operating leases a$ follows.. 2023 2022 Not later than 1 year 677 677 19. R8lat8d party tran8actlon8 There were no related party tran5acb.ons during the period {2022'. £NIL}. Page 25