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 Iresignenslituled 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. 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