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Filename: Final Cam Gard Centre Charity 2021 Group Accs.pdf
Client of: Jones & Co
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Name: Peter Hulatt
Email: peter@camdengardencentre.co.uk
Date & Time: 13/07/2022 15:19:23 (BST)
IP Address: 92.239.48.145
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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 St*tsment of FlnnnelAIA¢dvltles
Group BRIHncc Shcct
Tr40tes to tlio Group Fln*h¢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$.
MntteN on Jvlilch vo oro rtqulred to r¢port by exccptlon
W¢ huve noihiiig lu r¢port in re%pecl of thc following matl¢rs where the Ch8rili¢s 2011 requires u8 to report lo you if, in our opinion..
tli¢ information ¥iVCll 111 Ilie Report of Ihc TNste¥y is in¢onsi51ent in any n1¢01 T¢SPeCt witli tli¢ 8wup finaiieiAI Slatemenls. or
adcquAle acLOuntii records liav¥ not been kep*', or
th¥ finwicial slLt¢menty are not iii agrcemenl with til¢ uecouiiliiig records And re¢urns,' er
we IJav¢ not reeeived all th¢ illfonnalion and ¢xplaiJations wc reQUr for our audit.,
SiBned
lain Patrick Alfred Qoodl)ew FCCA IS¢tyEor Sialutory Auditor)
for aijd on bdiHlf of Jon¢s & Co
Statutory Auditor
SheTwood Hou5¢
41 Quee118 lioad
F&mborough
GU14 6JP
Date:
Jones & Co i8 ¢ligible for appointinent as auditor of thr ¢hority by virtu¢ of its cligibilily for appointment auditor of a coillpllny under S1212
of tbe C4)mp*iie8 Act 2006.
Page S
Camden Garden Ccntre Charitabk Trust
GROUP STATEMFNT OF FINANCIAL ACTIVITIES
for the Year Ettd¢d 31 Jvly 2021
Unrostr1Qd
Funds
2021
R¢$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