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Filename: Final Cam Gard Centre Charity 2021 Group Accs.pdf
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CHARITY f4UMBER: 296803 BEPORT OF THE TRUSTEES AND GROUP ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021 FOR Camden Garden Centrc Ch&rltgblo Trust ud Éls wlLoIiy-ownor] trlldlllg ¢ompiny Camden GArdcn Centre Llmlted
Camden Garden Centr¢ Charltablo Trust CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 3] July 2021 Pag¢ Report of th¢ Truste¢s Roport of tho Independtnt Auditor Group Sttsment of FlnnnelAIA¢dvltles Group BRIHncc Shcct Tr40tes to tlio Group Flnh¢lnl Stntcments Pirtnt Charlty BAlfjn¢t Sheet and Deta115 of FlnAntlal Acdvlty 12
CY4md¢n GArden C¢ntre Claarltable Thist REPORT OF THE TRUSTEES lor the Y¢*r Endtd 31 JUIY 2U21 Th¢ Trustees presenttlieii annual i¢port and group fn¢la[ Statements of tlw Tru$t for th6y¢ar ¢ndcd 31 July 2021. Tht fjnanEial 51ateJnents hav¢ been prepared a¢¢ord&n¢¢ with tlic accouiiting polictes set out in Thot¢ I to tli¢ a¢eounts and comply with tlic Ch&ri¢ies AGt5 Statement of Recommended Practice.. Ae¢ountiug ond Rwort1 by Charities 2005. The Report and A¢¢ounts also comply witii the Trnsl's govEming document. REFERENCE AND ADMINISTRATIVE DETLs Regisler¢d ¢hBtity numb¢r 296803 Address.. olo CHmden Garden Centre Barker Drive NWI QJW TriLslee$ &1 date of approva] of thib R¢port'. MrDUr¢ 5 S Lappin MrJ Hodgson Ms E Millar Mr5 S Crisp Ms W Piilchard Banker$.' Barclays Cainden and Islin8toii Group PO Box 3474 London NWI 7NG Solicitors.. Mccartliy D¢nning Miiister House 42 Miiiciiig Lon¢ Ltsndoii EC3R 7AE Audliors.. Jone$ & Co. Si&iulory Auditors Slierwood House 41 Queen$ Ro Famborough Hsnls GU146JP STRUCTUR GOVERNAJICE. & MANAGEMENT Tlie'frusi, fom)erly 118tncd SouilJern'l'a¥L F.du¢alional Trust. was ¢sblis17ed by deed on April 71h 1987 {llmended by supplcmenl&l deed oil Junc J9111 2013). The ubj¢¢tivc of the chttrity tsiid¢r its COThSiitylion 15 to educate and traili young people and Rdult5 ovcr tli¢ stalulory SLliuol leEving a8C )11 work and life ski115 likely to enabl¢ them subsequ¢ntly to find satisfactory employrneThl botii by attAnsing pcriods ofwork experiellce aiid otherwis¢ ond by &i¢h mtsn5 H150 to relievepovety and improve 5VGLwI wrlfHre and conditioJJ$ ofiif¢ among such people. New Trust¢¢$ wt¢ appointed for temis of 3 years by f¢SDlutioll oftlje Twstees 8nd tnust Sign a D¢cl8rRtion of Willingn¢ss 10 act as a TNstee b¢lore b¢gintLing to so act. Tw5ttts may b¢ r¢-&PPOintcd to serve for furtlier temjs. A con8ensui of Trusl¢¢s 5¢1¢cl ncw suilable members, if re(Luired, wlio are 8iv¢n an siifolliial indu¢tiOTL on relcvant mallw5 including inve51menls, grants, aiid pow¢ts and rponSibilitIeS of Irustet5. Dls1O115 are mad¢ by a coiiscnsus of TrDStees and there no staff directly eillployed by Ilie Trust. Tlie Trustees meet fonnally #l l¢a5t once p¢1 annuin ond llre otlierwise lli resulqT conlact tlvoughout th¢ y¢aT, to cnsurc the prtrpErmanagem¢rtl and ad2ninistration of ili¢ Tru51. The Trustees hold on trnBt for theTwst 100% of the sh#r¢s ID Camden Garden Ceiilr¢ Limited and th¢ Trustees ensure that charitable work is arried out by th¢ Garden Centre Én ageMent witii tts¢ Boaid orth¢ Gardcn Cwitre and with the support of the Tru5L Thc major risks to which the Trnst is ¢xposed, as identified by th¢Tru51ees. bave been reviewed 5y5t¢ins alid proc¢dures have been cstablislied to ¥Danage those ri$k$. It is acccptcd that the Twst's risk maDOgemenl policy canllol off¢r ibsolul¢ ll55ufdll against all fonns of potential loss 01 damage, aiid thttTru$te¢5 recognise th¢ n¢¢d lo V5¢w theirpolicy oj) an anllual basis and 10 r¢main 21¢rt lo idcnlifying a1 addrtssing sucli ll¢w oradditional riÉks 8¢ may arise. OBJECTIVES AND ACTIVITIES The Trast a¢hiev¢s its cliarilable obj¢¢livt throii811 the vehicle of CaTd Garden Centre Ltd, a comphiiy r¢gisl¢r¢d in th¢ UIi no. 1592398. Th¢ Trust is the gDle11older of tlie 8har¢s of thE company wbicli it fonned tt) employ wd traill TraiJJee5 to Ihc linjit of its sustainabl¢ capa¢ity and withiTh the context of a COttLer¢ial op¢ratlOll ola type dpprupriat¢ to tiK geograplll'cal area cov¢r¢d by the Trust. Pa8¢ 1
CAmd¢n GArden Centr¢ Charitable Trust REPORT OF THE TRUSTEES- cont'd for the Year Ended 31 July 2021 Tlie maoagem¢nt of Camden Garden Centre Ltd is operated by its Board of DI[t015 who report frequently to tb¢ Trustees otl its actlVLties. The Managing Director work$ full-tirn¢ aiid 15 the only Direcior re¢¢iving remunerntion. CAmden GY4rdeu Centre Tlie offL¢¢rs of Camdell Gardeii Centre Ltd Ire.. P Elding, Chair of lh¢ Board of Directors (NOn¢¢tiVe Dir¢otorl Hulatr. Man88iiJg Director II)irector and Cliief Executive Officer) Ms A Davies, Coinpfiny Secretary Camden G8rden C¢ntr¢ was csl8blished ta provide the vchicl¢ tiirough which Tlie Trust acliieves its clLritsble objective to ¢ducate and train young people and 8dull¥ ovcr th¢ Statutory school leavittg ag¢ in work aiid life skills likely ¢9 ¢llable them subsequently to fiud bati¥faGtory employmerti 2nd to reli¢ve povety aiid iii)prove soci81 welfare aiid conditions of lif¢ amoiig such people. The Garden C¢ntr¢ is a commercial limited ¢OlDpany employiiJ8 full li¢ (Ind part timeprofessional staff lo su¢ttssfully (ppeTUtc ilie business wlii¢lJ tradcs in the s8me way lls iny otljer gardcn ¢¢ntr¢, r¢loiling plants and gATdeniiig products. Camdesl G4Tden Cenire h&4 won Inany honiculturdl lrn(l¢ award5 including UK Oatd¢rt C¢ntrc of the Year 2002., Lvndvj) in Bloom Certificate of Excelleiice 2010., UK Urban Gard¢n c¢nI ofilie Year 2012 and UK Best Gdrdeii Centre Plant Ar¢a 2017 aud featur¢s in ThcTelcwaph #nd Suiiday Timcs lists of th¢ be51 UK fjard¢n C¢nit¢5 lo visit. Troln¢¢5 Tralnlng Sthomt Tlie Gard¢D Centrc ciiiploys a nuniber of Train8 ¢aBh ycar on fixed term one or two.y¢ir contracts ov¢r and above ils requirement for opeiitional TT&iiiee5 come from a wide variety of background8 but all will huve been uneinploy¢d for a si8llificaiit period of Time and di8advaThiog¢d in thc labour Jnarket. Tliey bc rccoveriii8 frotll 5ubstonce abuse.. reoffcnders: homele65.' recovering frvm pliysical or inenlal illne5Sb phy$i¢ally diwbled or geiierally lackitis iii ¢onfid¢nLe. A nuinbcr of refcrral og¢n¢ies refer pro8PCCtiv¢ Irainees including Youili CoThlract aiJd Appr¢nIj%l1ip providers.. Prisons,. Loiidon l>robalion Scrvi¢¢.' St Muiiso's,. TeLtnily tlie aood Work Cani(len employTncnt hub for hard to plac¢ uii¢ixployed individuals and yclf-referrols. Traiiiees receive Iruiiiing iii 8Arden Lciitre aclivilie8 iii¢liiding Gu5toii)cr service. rerAil &kills,. lorklill truck drivi118', horli¢ultur#l skills, 1$ well as car drivin8, Tli¢ Dbjcctive via the Iraiiiin¥ experience r¢¥¢iv¢d ib io ¢llable Trainees to subs¢queiitly fEnd 4atisfo¢tury employment hop¢fully fur the lon8 Icrm and io Ihcrofore reliev¢ pov¢rty iinprove social welf&r¢ aiid ¢ondilioiis of life atnon¥.%uch people. The Q&rd¢ii Cenlre1188 b¢¢n r¢¢ognised lor its aclii¢v¢in¢iiis witli Trainccs witli tlie nhtionol AwrLrd of Most ()utSl8ndin¥ Comi)Jilment tt> Educution and TrniiJin¥ iii UK l.loriiculthJrc in 2006 th¢ uwarii of CliaritylSo¢ial Ent¢rpiise of the Year &t Ilie C4mdcn aiid lslingtoii Flusiness Awards 2011 &iid mor¢ r¢¢¢nlly feafuring iri Ilie Natwest SEIOO. Th¢ Ttust's Inttin objectiv¢ for the year WAS for its trnding subsidiary ¢omp&ny to provide employment And training within its Iraiiiitig %Lhcnie during the yeAr 10 Ut Icast twe disudvalllaged iiidividuals. Tli¢ Tru¥t'5 51Tategy to a¢lii¢vL its. objociive 15 Ililll Cumd¢ii Gaideii L'cnlr¢ Lld.%liould be sutrici)lly succes¥ful Rtid fiiian¢i#lly able 10 sustuin its trainin8 obligHlions. 11ic QTorden C¢nlr¥ Laii oiily truii) a ¥in&ll nuinb¢r of llldividiillls at Jny tsll¢ limt g& il is of the ¢ssen¢¢ that It is al 4LII iiix¢s a susiatDable ¢ornineTciAI ¢nlity. In ¢omplianGe witli dieir duty under se¢lioii 17 ofih¢ Charities A¢t 2011, the Trustee$ h•d due r¢gard to guidance on publi¢ benefit publislied by the Cliarity Coinmi55iOLI. ACHIEVEMENTS AND PERFORMANCE As for Jnany retail bu8iiie$5rs acros$ Ilie UK. th¢ p4ndcmic had some sever¢ VSe effects oil tr#din8. The Garden Centre liad to ¢los¢ between Inid-MJr¢h and mid-mhy in tlic prcvious fiiian¢ial year. M031 slaff qnd traiiiees were fiJrlouBlied although none were inade redulalit. Pervers¢lyi aficr this IoLkdown pcriod ejjded, tli¢ pent-up con$llni¢r possioii for gardening, link¢d with the sliifi towards workiiig froin liome. created A hugc Surge in ¥ales wliicli conlinu¢d throiigli most of th¢ 20121 financial y¢8r. This enabled the Thst to b¢ confid¢nt to conlinue with tlie TraiJiinB S¢h¢mc wilhoutthe need to redu¢¢ Ilic iiuIJiber of 'l'Tainees. Durills li ¢ours¢ of tlie 2020121 fLnNncial yettr, training and employment was provid¢d by Camiten Qarden Centr¢ to six trainees from diverse b&ck8round5 all of whom had disadvailtage in tiiE labour inarkei. Trainee A started at Comd¢n Garden Celltr¢ 88 a tomporary member ol'siaff during the ChilstK8 salc6 season of 2018. Pr¢viou5 short-tertn work included time as an gssistanl at a differentG#rdeii Centr¢ ond WQTk for a14iidsc£pe gard¢nin8 ¢ompany. Inter personlll relatioiisliip skills diffJculii¢s had liampered any p055ibility for a lortg-terni job. Trainee$hip was offered in December 2018 and trainingwas mainly iii 1¢ Garden Produ¢15 Dcpartmejjl dnd ti115. Staff had wotk¢d liaTd io help improv¢ Ilie challcn8C8 faced by this Trainee. The Trainee b¢¢aill¢ a Gompclellt till operator, 8ardert products assi8lanl aiid forklift driver dfter gaining forklift certifJ¢ation. Driving1¢5sons p¥id by the Trust werc lakcji Icading to &ucce55fully achi¢ving a full drivin2 Ii¢¢Lice. A pla¢emcnt one day a weekpaid by CGC with & lalld5capc gardelling CoMpY w#5 arrallBed. Tlxi$ experience lead to pellThaiiciJt garderting wts al the eud of th¢ Traiiiing period in December 2020. The Trainee also found work forklift driver. Trainee B is iu th¢ir mid 30.5 and $iarted at Cai)Jden Gden Centre 4s a tempordry in¢mb¢t of staff during the c11st&S sales season of 2019. They had previously worked in various idminislrative WOTk but had Suffered a mental health breakdown and liad bccn thit of work for50me time. Coming lo CGC fortciiiporary WDrk was & first slep back into ¢inploymttJt and it was clear froitt th¢ outset that a furth¢r p¢riod a5 Trainee woultI gyreatly l*lp them in theirr¢habilitation aiid started frdincc in January 2020. Trainee B show¢d R keen inteiest in pIlS aiid has mainly worked in the Plant Area, oil lill$, customer servitte attd some adrninislration. Th¢y ¢o]D]n¢nG¢d RHS Course in Practical Horticulture in 2021 and aims to tak¢ furtherliortÈculttJrni qu4lifJcatiolls aixd driving lessons. Page 2
C3rnden Gurden Centre ChArltabl¢ Trnst REPORT OF THE TRUSTEFS- cont'd for the Year Ended 31 July 2021 Tl¢t C is in theirlai¢ 20's aDd applicd to us fora trainee place but first started as a l¢mporary munber tsf staff during tl)e Christmas 8al¢s season of 2019 for aprobationaryperiod to see how they would be able to ¢op¢ with working lifc. Train¢¢ C has a tnedical cendilion from birth which affects th¢ir ability to retain infomthtion and maini8ltt atlenLioTr. They d¢Jnonstraled that were abl¢ to workwitb support )rtd was taken on as a Trainee in January 2020 to give them their first cver p¢riod of long- t¢nn Work. Although tliey still need somc support ihey have greatly iinproved iTh cotsfJd¢nce and liave b¢¢Th abl¢ to Contribute lo th¢ t¢atti. After th¢ winl¢r of2D2012021 itw8s clear (hat tlic sur8e in post lockdowrt busine meant lAt$upport could be givell to more Trdin¢es and in March 2021 three inoi¢ Train¢¢s Started. Tr&in¢¢ D is in their late 30,$ 2 ¢liild of an imini¥TllIlt faiiiily and i8 a single par¢Tht thcmselves. Disjointed eduution linked to helpllJ8 k¢ep thc tnily's small busin¥bS afloat ineant that th¢y hud Iilnited employment prospects aiid had iiot b¢¢n any other ¢mployinenl. Referred to us by the lo¢LI council employni¢Llt hub- Good Work Camdell- this p¢tWll WHS LLiter¢sied in gainins ¢xp¢ri¢n¢¢ in h05Pitality to broaden thture einploym¢iitpossibililies. TrdSUC¢ D became the second Traiiiee wo hiyr liad in our Café. Trdinee E had suffered a mental breakdown &ftcr building a 8ueces$fvl eareer iii fashion d¢sign. P&rtn¢T brnk-up followed lertding io homele$5ne58. The paTJd¢miG had deciinated etnployinmi possibililics ITr Ihe fllsliion sector. Tlie local ¢ounGil Iiad h¢lp¢d lo obtain some t¢mpordry dcGonunodation btst le outlook wa8 bleak. Tliis person needed to Tebuild th¢ir rontidtiice. their sense of $elf-worth &iid tliejj fjud fiill time work and mor¢ p¢nllanent accoinniod4tion. Also tefrryrd ¢0 us by Good Work Cai)Mi¢n, Train¢c E was tgken on in MLrch 2021 und was ati i1lled1ate success working throughout t1 Centre. Their ¢onfIdle gr¢w and comlnunitation wilh others. wljicli Iiad b¢rom¢ a greHt difficulty, qui¢kly illlPToved. We wero very pleased tIiRI aft¢r ju81 A fcw mortt118 lll th¢ C¢ntre, Trainee F. felt confideiit to apply for jobs iii r¢tuil ttiid succesyfjjlly obt4ined a position at a world leadin8 tller in customer 8eJvi¢¢. Trninev F wgs olsfi ref¢ed lo us by Good Work CamdeTh. Anoilier ¢sualty of pAnd¢inic job losses, this persoo hid ts b4gkground iii 8dinirtisiration but suff¢r¢d acute Bnxiety 4nd11gd been out of WOTk siiice the be8twiiiig of 2020 as tlic pandemic Iiit. Encouraged by th¢ ¢inployment liub to Ivok at oiherjob pos$ibililics. this p¢r&un r¢alised that Uieir intcrest in gurdciiiiig as a liobby wuld becoine u carecr. Trilnee F wa5 iAken on in Marcli 2()21 Aiid l?Hs nlI11Y worked iii Ilie Plantarea bul Also lilts fjnd customer service and is undertaking l¢v¢l trvo City #nd Guilds Professional Gardener qualifiLation oil day re1¢4so und driving le53011S. The incr¢&s¢ in Gurden Centre business post lo¢kdowns in 2020 has allowed us 10 maintain di¢ training progrlnime. Tlie ¢in¢rgin8 risk forih¢ future will b¢ risiiig Gar(ten C¢iilro wniiing costs, Dnd tile 10Th8-ienn cffecis ot'lli¢ pg1)dcillic. Rcstr&iJit oil Irainec Jiuinb¢rs for the fure will b¢ r¢latcd to both op¢r41ionul aiid cconc*ini¥ factors. The CoffeL Shop wos opEned in April 2015 and piovid¥d addilional cmployinLiil, traiiiiThg, ond educalion&l opportunitl. Duriii8 Ihtt 2020-21 finaiiciul ye&T tlie Ciré busille¥8 was iii lockdowji for lunB¢r Ilian thc rest of the Gardeii Centr¢. l.lowever fullowing inv¥slmcnt iii tlie oulsidc diniiig arou. Ihc perfonnaiict of Ilic cafè lias Fviitiiiued tu build r¢$uliing in ali opportunity for a Cafe'fruinee Aiid ¢ontributcd toward¥ the ovlrall suc¢v$¥ of the Ggrden Ceiitr¢ by attractin8 repedt busine55. lil addition to ils compl¢x training aolivilies tlie GardcLI C¢tyiT¥ lSU undcrtakey Inany ¢oininunity activities Such #s visits to and from s¢hoo15 and offer8 an cxtensive pro8raiTrme of Work ¢xp¢rienee opportunit1¢$ 10 5cliools and Lollcge$. Siiice its inception ov¢r 300 Trainees hllve pass¢d throu811 Cazndcn Gardcn Cejilre und r¢¢¢av¢d oil tjie jul) traiiiillg, eduutional qiialifirution5 aiid wurk expcri¢tt¢¢. Often tiiis will hovc been their rirst perivd of paid employment and fir51 CV¢T qualifi¢Ations aLhicv¥d. Tli¢ gen¢ral public benefit$ tliroiigh trainees b¢¢omillg rc5ponsible, tax poyiiig and econoini¢ contributors to society. iii$lead of tjic gliemalive wlii¢li n)ighi bcfall th¢in wer¢ it noi for the wurk of the Trust. PLANS FOR FU'fuRF. PERIODS 'flie Twstplun for the fvtllTe IS to ¢ontinu¢ with ilg objeclive8 throusl) 4t Ica5t Iwo Trninee positior15 at Camd¢n GTdl Cenlre Ltd with #mbition to ¢xpand on this number. The TTU5t uiid ihe trading ¢oinpany conliniie to focus llttenlion to appoiilting Traiiitts froin a lur8¢t group of longer-term unemploy¢d pcople mbinly dged 18 to 30. r&ih¢i Ihuii froni olderunemploy¢d pcople witli mDrc complex bllekBTouiid$. Th¢ 5ale¥ perfomiaiice of Ilic G1rden Ceiitit Irom reop¢ning iii May 2020 wa¥ very strong and as atytL¢Lpalcd that conliniied duriiig thc rctnainder of the 2020 ¢al¢lldur yeRr fjjjd inl0 2021. Tlie Gardcn Centre Hoard Ihe Trust agre¢d infrasiruGIuTC improvem¢nt at the Garden C¢tLtrc &iin¢(l at iinproving all ye8r-round sales ld trainiiig DPPOrtunity cfficien. The compaliy Board and'l'rnst also a8re¢d to invesligllle opejiing attoihcr outlet elsewhrrc in London with tli¢ aim of in¢re85ing Trllllie¢ opportuniiies. FINANCIAL REVIEW Caillden GArden Ccntre Ltd is the principal futlding source ro th¢ TTl15t. The Trust¢¢5 consider that the T¢ fvnds are 5UtYici¢nt at tlie present time and do not immediat¢ly plaii lo undertak¢ Rny significant fundraising activilies. The TnJsl¢c5 view the re$0rv¢5 as a fin4u]cial b8¢kslop for th¢ gardell cciilrtr which is the Trust's only instN]n¢nt foi fulfilling ils objectiv¢$. TtU51 funds are abo ts a limit¢d ¢xtent a source ofErants to supplcmeiit IraiDillB and oth¢rtrailling related garden ¢¢ntre projects. The Trust¢¢s vIeW tliepolicy and16vcl of reserves 2t lesst once a year. The group arrouiils and the s¢parat¢ Trnst IKcounts attaclied show the d¢lailed resulis for the year dnd thE Position at the year end. As * result of donations, theTrust's reserv¢$ inGr¢a5¢d by a net £81,181 in th¢ ycar. At dje yettT end the Trust's ass¢15 omprised c8sh of £176,862 and ils shgreholdiJJ8 in lh¢ coinpany. Tli¢ Trust'5 trading subsidi8ry showed a pre-taxpTofit of £226,559 forthc year alld an increa$¢ in TeserY¢E of £177.320. Page 3
Camden GArden Centr¢ Charitable Trust REPORT OF THE TRUSTEES- cont'd for Ilie Yt#r Ended 31 July 2021 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees arerespon$ibl¢ forpT¢paring the Report of theTru$t¢¢s and tlie fillaDcial statem¢nts inordanCe with applicable law and r¢gulatl(kll5. The appli¢Ableto cbarities in England and WalEsrequires tl)e tNst¢¢S lo preparc financ281 slalements wkni¢h giv¢ a true and fair vxcw of the stdte of affairs of thc cliArity and of the incoi)Jing resources and application of re$ourGts of th¢ charity for dial period. Under Iliat law Insstces are required to.. select suit&bl¢ accountingpoli¢ie5 and ihetl apply them consistently ubscrve tbe meihods and principlcs of the Cbarilieg SORP. Inake judgemcnls and estim3¢ets whi¢Ji aTe reasonable 2nd pwd¢nl. $tale wlieiher applicable accountillg standards have been followed, subject to any departur¢8 di5rlo3ed and ¢xplained ili the fin7claI sl#t¥]n¢nts; pr¢par¢ the fiJJall¢ial $tdtornellts on th¢ going coiic¢rn b&5is unless it i$ inappropriate lo presuine thatthe ¢hdrity will ¢11]ne Én busin¢ss The trustees ar¢ r¢¥ponsible for kecpitt8 Hounting rewrds t1191 are suffi¢ieJil to thow and explollj th¢ rh4rity's traiisacliong 2nd disclose with rcasonabl¢ &LLuracy Ht sny tiine tlie fsnaThci31 position vf the cljarity and en&blc tliein to ensure t11 tlie fiJ)anci81 slat¢mellls comply willi the Cliarili¢s Alt 2011. the Cliarity IA¢¢ouni¥ and Reports) Regulations 2008, aiid the provisions of the ttusl (l¢cd. Ility ar¢ also responsible for th¥ tnaintCJ18nc¢ and ini¢8rity oltlw cjjarity and 8iiy linarLBiuI ]nforntIOLl iiicluded oil tli¢ charity's websit•. ON BEHALF OF THE TRUSTEES: Cliairmatt of TN51¢eB Date.. Pa8e 4
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CAMDEN GARDEN CENTRE CHAIUTABLE TRUST We have audited the group fingncial statements of Cadell Gaiden CentT¢ Charitable TNst for the year ended 31 July 2020 pag¢5 52X to Iwclve which comprise th¢ Statement of Financial A¢livitL¢S, tli¢ Balats¢¢ Sheet, and related notes. The financial repolting framewort( that has bcen appLi¢d ill Ili¢ir pparation is applicable law. FRS2 (IA). Th¢ Charities Act 20L I, and The Charities (Reports Aecounls) Re8ulations 2008. Re5pectlve rosponslbliltles of trnstet5 And Audltors As ¢xplained more fully in the Stsi¢ment of TNstce$' R¢sportsibilitl¢5 5¢1 out OTh pages olle to four, the tnJstee$ Bre responsible for the preparation of the fknarL¢ial 51alements wliich Biv¢ a ITU¢ alld fair view. We have been &ppoint¢d as auditors under S144 of th¥ Chaiities Act 2011 and report in Jccordance witli Regulations mAd¢ under S154 of that Act. Our responsibility is to audit alld cxpress an opinion on th¢ finalloial slatemenrs til accordttnre with applÈcable law and Iftt¢rnatioiial Stalldards on Auditin (UK Irela]Mll. Those sland&rd$ requir¢ us to comply with the Auditing Practi¢¢s Board'5 Ethical Sl8ndard$ for Abditors. S¢ope of the aDdlt of the nn#h¢ial 5tAt¢m¢nts An audit involv¢s obluining evidoice about th¢ omtsunls aJ)d disclosures ill the fJnan¢ial statements suffjcient 10 giv¢ r¢osonable assuraiice that the group financial $tat¢m¢Dt5 urc fre¢ from inaierial 1tt15Statement. wlJetli¢r ¢8us¢d by fruud OT error. This tii¢lud¢s on asses%rncnl of.. wlietlier the o¢¢oun¢iiig polieies ar¢ #PPTopriat¢ to Ihc chaTity's circumstances and liave b¢cn con5151ently applied and adequately disclosed., th reownableiiess of signific2llt accounting #siiTnalEY made by tlie TTuslee$' 2nd ihe ovcrall presentation of the gruup fjnancial statcmenls. Iii addiijotl, W¢ Tead all tli¢ JDd j10n-fJn¢aI intorniation itl the Repon of dje Trugiees to id¢ntify inaterial iJJ¢onsi$i¢n4i¢s Wltli the audited group f0¢141 statemeThls. If w¢ b¢¢om¢ &ware of any appar¢nt materiRI nu5$1atem¢nts or 5nGousi5t¢iJcie5 we consider th¢ impli¢aiions for QUT report. Oplnlon Ilnan¢lal stAt¢m¢nts In our opinion thc group fllhaiicial $tstements'. give a Iwe aThd fair vlew orth¢ bt&t¢ of the charity'$ 4ffuirs as at 31 July 2020 alld of 115 incoming res(trur¢¥s 4nd appliution of Iheseresourc15 for Ihc year then ciided., hJv¢ becn prop¢rly pr¢p#red iii accordan with Finan¢i81 Reponing Stalldurd 10211A1.' h8v¢ been prepar¢d in uccordance with lh¢ r¢quiremenls of 1¢ Cl)&rilics Act 2011, Dnd the 2008 R¢8ulation$. MntteN on Jvlilch vo oro rtqulred to r¢port by exccptlon W¢ huve noihiiig lu r¢port in re%pecl of thc following matl¢rs where the Ch8rili¢s 2011 requires u8 to report lo you if, in our opinion.. tli¢ information ¥iVCll 111 Ilie Report of Ihc TNste¥y is in¢onsi51ent in any n1¢01 T¢SPeCt witli tli¢ 8wup finaiieiAI Slatemenls. or adcquAle acLOuntii records liav¥ not been kep', or th¥ finwicial slLt¢menty are not iii agrcemenl with til¢ uecouiiliiig records And re¢urns,' er we IJav¢ not reeeived all th¢ illfonnalion and ¢xplaiJations wc reQUr for our audit., SiBned lain Patrick Alfred Qoodl)ew FCCA IS¢tyEor Sialutory Auditor) for aijd on bdiHlf of Jon¢s & Co Statutory Auditor SheTwood Hou5¢ 41 Quee118 lioad F&mborough GU14 6JP Date: Jones & Co i8 ¢ligible for appointinent as auditor of thr ¢hority by virtu¢ of its cligibilily for appointment auditor of a coillpllny under S1212 of tbe C4)mpiie8 Act 2006. Page S
Camden Garden Ccntre Charitabk Trust GROUP STATEMFNT OF FINANCIAL ACTIVITIES for the Year Ettd¢d 31 Jvly 2021 Unrostr1Qd Funds 2021 R¢$trlcted Futtd5 2021 Total Funds Totsl Fund5 2020 2021 Iyotos Inco]nlng rostsury¢s Froin general¢d funds.. Voluniary ill[ne.. DoiiatlQnS? gifts, and grants Acliviti¢s forgelleratilJ8 funds.. 103,297 103,297 777 Investment incom¢ 184 184 524 Froin charil4bl¢ activilieA'. Incoine from trading 8ubsldiary 2,470,841 2.470,841 1,946,671 Otli¢r incoining resour Total IDtomlni rosgur¢05 2,574,322 2.574,322 1,947,972 Rosourcei cxponded Cosis of geiiernling funds.. Costs of g¢nvratlEig voluntary in¢om¢ Fundr&i¥ing lrndiiig.. cost of snles Invcstin¢ni IndnHgeJn¥nt CQ5ts Cliaritable actLVllies: EXp¢jiturt by trnding Subsidiary Exp¥nditur¢ by parent ¢karity 13 2,288,111 20,790 2,288,111 20,790 1,910,193 GovernJii¢¢ ¢051s'. Audit Fccs Le8dl Fe IJ 6,932 6,932 6.932 Other resources ¢xpcnded Total resources oxponded 2.315.833 2.315,833 1,917,325 N¢t incomingloutgoinK re$oNre¢8 bofoi¢ trRnsfers 258,489 258,489 30,847 Transfor& Gr0$5 transfers b¢twccn futtd$ Oth¢r recognlsed gal1055e5 Net movement In fund 258.489 258,489 30,847 Reconeiliatlon of fvndB Totsl illcom¢ funds blfivd 562,239 562,239 531,392 Total incorne fi]nds cifwd 820,728 820,728 562.239 PagE 6
Camdtn Gtsrd¢n Ccntre CharLtable Trust GROUP BALANCK SHEET 31 July 2021 31.7.21 31.7.20 Notss FIXED ASSETS Tan8ibl¢ ass¢15 Investinent5 255,088 258,498 255,088 258,498 CURRENT ASSETS Stocks D¢btors Cash at bank athd in hand 196,533 23,281 151.744 24,074 779.370 1,029,858 CREDITORS Arnounts fulliiig due within one y¢llT 955.188 443 037 493 496 NET CURRENT A&SETS 586821 461692 TOTAL ASSETS LESS CURRINT LIABILITIES 841.909 720,190 CREDITORS AinouTrt¥ falli118 du¢ ift¢T more than ono T 157,9SI PROVISIONS FOR LIALIII.ITIKS NET ASSETS 820 728 562 239 FUNDS OF THE CHARITY R¢siriclcd inLome fuiids Unr¢siTlCtcd in¢oin¢ funds 820 728 562 239 TOTAL CHARITY FUNDS 820 728 562 239 Approv¢d by the TN$t¢¢s on June 2022 ind 5i8ned on their behalf by.. Tru$t¢¢ Th¢ notes form paTI of tke5c financial statements Page 7
Carnden Garden Centro Charitkbli Trust NOTES TO THE FJNANCIAL STATEMENTS for th¢ Y¢ar End¢d 31 July 2021 STATUTORY ILYFORMATION Cailldai Garden Centre Charitttble Tru8t is a re8iStered cliarity. Th¢ ¢h&TLly'.% r¢gistcred nuillber, address, and Trust¢¢s' del&ils can b fouijd in tl)c ReporL of th¢ Trust¢e5 oi) page l. The diarily is r¢quir¢d lo preparc group accounts by virtue of ils ttlmOV¢T including the activities of its tradills $ubsidiaryJ Camd¢n Garden Centre Ltd, a company registered in England al Wal¢s. ACCOUNTING POLICILS Basi5 of prepArlng the finoncial Statements Thesc fin4Jicial siarements hav¢ b¢en pr¢pHred ill accordance with FRS102 (AAI, So1 FRS102. and willi the Cl)&riii¢s IAr¢L>un15 and R¢p0rt5) R¢gulatioiis 2008. Funds Strueturc The Cliarity has no R¢stricted iior Endowm¢nt Fund5. Incoming R¢ioiir¢¢s Donations, 8&ft$, ond gran15 are recDsni%ed when re¢¢iv¢d. Tlie In¢oin¢ froin the trading &iibsidiary r¢pr¢s¢Jits invoiced 4ale8 of good3 ond s¢ryic¢8, n¢t of Valu¢ Added T&x. Ilicome Is recogni$ed wh¢n goods are sold and servi¢¢5 delivered. Resources Expondod All expenditure is a¢rounlcd for on an accrusl8 btssii. Governance cest5 compris¢ all costs Involv in the publi¢ a¢counl8bility of tlie Cliarity and its compliance witli resulNtioiis •nd good pri¢iieè. Tfjnglble fixod 4sset5 Deprecintion is provi(led ul the following Hnnual rates iji order lo write off each 8ss¢1 ov¢r ils e51iLll&ted ufiJI life. Sliort le8s¢hold iThprov¢ineiiis over thc tenn of tli¢1¢08¢ linpruvementi to piop¢rty IOQ/q un Lo1 FixturEs & E4uipni¢ni 250/0 oil reducing bal8nc¢ Molor veliicles 25Yo 011 LO$1 OffL¥¢ equipnt 259h on r¢du¢ing balance Stocki Stocks ar¢ vHlued at di¢ lower (Trf cost And tt¢r realisttble value, after m8kiiiB du¢ allowance forobiol¢t¢ and slow moving irems. Tnxatlon Taxation fr)r tli¢ y¢ur coinpri3¢5 ¢utt¢nt lax recoBni5ed Is th¢ Bmoutlt of tax payable using the lax r31¢5 aDd18ws that ljave been ¢nJ¢ted or subslttnlively ¢ii•¢led by tlje boluli sJ)c¢i d&te. Dtrforrod tthx D¥f¢rr¢d tax 15 not reco8ttisrd in r05pect of lllly limiDg dilYererKes tliat havv Qriginatcd but not rever¥ed at th¢ balance Sheet dat¢ sin¢¢ tIL¢ amount IE not con$id¢r¢d to be 3141. Hire purthAS¢ *Nd leaslng commltni¢iit$ Reiitsls pHid und¢i op¢ratsn8 lettses are charged lo profit or loss OTr a 51raight lin¢ basis over the period offlie1¢I5e. Pon$lon C0$15 and otli¢r p05t-retlrement b¢nofilS Tlie trading compatty op¢ratC8 a d¢fmed coiiiributioll pension sckeme. Colltribulions payablc kn the company's pth$ion $¢hoine are ¢llgEd to profitor lo in tlie period to wlJi¢Ji thsy r¢l&tc. OPERATINC PROFITI(LOSS) The operatin8 profit is statcd afterthargiThg'. 31.7.21 31.7.20 Depreci&tion- owncd as5els 56.137 Page 8 continued...
C*mdon Garden Centr¢ Ch2rltibl¢ Trn5t NOTES TO THE FINANCAAL sfATEMENTS- conttnued ror ili¢ Yur Ejkdod 31 July 20ZI TANGIBLE FIXED ASSETS Short leasehold improvements lJnpTovements to PTOP¢tty Fixtre$ & Equipment COST At I Au8U5r2020 Addiuons 403.538 ILI,777 29.412 134,596 At 31 July 2021 403 538 141189 152216 DEPRECJATION Ai l August 2020 Charge for yur 268.863 44288 131.306 At 31 July 2021 280 659 137.744 NET BOOK VALUE At 31 July 2021 122,879 At 31 July 2020 134,675 67.489 Motor vehi¢l¢s Office equipinent Tot&l8 COST AI I August 2020 Additions Disposals 40,541 157,880 12,505 848.332 59,537 At31 July2021 170385 907 869 DEPRECJATION Ai i August 2020 ClJ¥rge fuT year ElimiiMt¢d on disp05&1 13,303 6,810 132,074 23,784 589,834 62,947 At 31 July 2021 155 858 6S2781 NET BOOK VAI.UE At31 July2021 255 088 At 3L July 2020 27238 258 498 Fixed Assets in¢luded in the above figures held under hire purchas¢ ¢oiitra¢ts aro followB Motor Vehicles COST At I August 2020 And &t 31 July 2021 40,541 TrIKT BOOK VALUE At 31 July 2021 At 31 July 2020 27.238 Page 9 continued...
Camden Garden Ceutrc Charfjtable Trn5t NOTES TO TTrIF FJNANCIAL STATEMENTS- tontlTtued for tho Yoar Endtd 31 July 2021 STOCKS 31.7.21 31.7.20 stocks DEBTORS: AMOUPITS FALLING DUE WITHIN ONE YF.AR 31.7.21 31.7.20 Trade d¢btors other debtors 815 22.466 CREDITORS.. AMOUIYTS FALLJNC DUE WITHIN ONE YEAR 31.7.21 31.7.20 Trade creditor5 Tax&lion aiid social security Other crediloTS 201,401 175,787 280,165 160,163 443 037 492 176 CREDITORS: AMOUNTS FALLING DUE AER MORE THAN ONE YEAR 31.7.21 31.7.20 Bank loans Hire Pur¢lias¢ contrt5 5,511.3 109,583 157951 OTHER FINANCIAL COMMITMENTS Tli¢ group had loial operrttin8 l¢as¢ fDittmliinents ot th¢ year end falling due within l ye8r of £62,00912020 £57,3431. 10. SECURITY Tl)¢ tr8diLig subsidiary compaiJy'B bllnking lacilili¢s ar¢ 5¢rured by a d¢b¢n¢ure on the company's ass¢tA. a rSt chorgo on tlie compswy, I¢ehDId premi$ey, 8iid a char8¢ over a key man lif¢ policy. INVESTMENT IN SUBSIDIARY Th¢ charity's investtnent in ils tradi1 subsidi8ry ¢ompany at th¢ bolllnce sheet dale wa8 os follows.. CAmd¢n C4rden C¢ntr¢ Llmlted CIHSS of sliiTf5-. Ordinary holding 500.00 31.7.21 31.7.20 Aggregate capital alld re8cThfes Profil for the year after taxation 646,530 177,320 469,210 A statem¢nt of tlie trnling Sb$idiary'S ijicome eXpendIr¢ for th¢ y¢ar is dctailed al Note 12 Page 10
C4md¢n Garden C¢ntr¢ Ch4rltabl¢ Trust NOTLS TO THE FINANCIAL STATEMENTS- continued for the Yefir Ended31 July 2021 12. INCOME & EXPENDITURE OF CHARITABLE AcfiviTIES OF TRADING SUBSIDIARY 31.7.21 31.7.20 Income Turnover & Grants 2.470,841 1.946,671 Expendlturo C05t of sales 1,043.858 863,526 Estab115hLnent couts 126,074 137,339 AdTniiii¥trative and stdff costs 841,688 763.886 Audit 5,600 5,600 Sclliii8 & Marketuig Cait5 138.169 46,174 FlllAiice costs 25.524 20,305 DeplAtion 62.947 61,133 Profitlloss on sale of asset8 TAXAtion 2,293,699 1,915,793 PagEII
Catuden Carden Centre Charltabl¢ Trust BALANCE SHEET 31 July 2021 31.7.21 31.7.20 FIXED ASSETS 70.005 Otd £1 shares in Cainden Garden Centr¢ Ltd 70,OOS 70,005 CURRKNT ASSETS Camdell Garden Centre Ltd Baiik deposit a¢Gount Bank curr¢n¢ arcount 28,105 148757 28,099 66,250 176,862 94,349 CURRENT LIABILITIES Aru cxpell5e5 Audilor%' Rernuneraliojj 2,664 174 198 NET ASSETS 244 203 163 022 FINANCED BY RESERVES Bdl4nLC brought fon¥ard Income & ExpenJi(urc Aecount 163,022 163.5DI 479 244 2()3 163022 DE7'AIl OF FINANCIAL ACTIVITY for the Year knd¢d 3J July 2021 31.7.21 31.7.20 GROSS INCOME EXCESS OF EXPENDITURL OVER INCOME Pag¢ 12