CHARITY NUMBER.. 296803 REPORT OF THE TRUSTEES AND GROUP ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025 FOR Camden Garden Centre Ch2ritabl¢ Trust and Its wholly-owned trading compAIIy Camden Garden Centre Limit¢d Camden Garden Centre Charitable Trust CONTENTS OF THE FtNANCIAL STATEMENTS for the Ye#r Ended 31 July 2025 Page Report of thÈ Tru$tets Report of tht Indtpendtnt Auditor Group Statemetht of Fith#thti#l Adivitits Group B21ittte Shtet Notts to the Group Flh2ntlil Ststements 10 Plrtnt Charity BAlinee Sheet And DetsÉls of Financial Activity 14 Page 2 of14 Camden Garden Centre Charitable Trust REPORT OF THE TRUSTEES for the Year Ended 31 July 2025 The Trustees piesent their annual report and group financial stalemenis ofthe Trust for the year ended 31 July 2025. The financial staiem¢nts have been prepared in accoTdanc¢ with the accounting policics sei out irt nolc I to Ihe accounis and comply with the Charitics Acts and StateTn¢llt of Recvmmended PraGtice'. Accounting and Reporting by Charities 2005. The Re￿rt and Accounis also comply with the TTU$t's governing docujnent. REFERENCE AND ADMINJSTRATtVE DETAILS Registered charity number 296803 Addres5: clo Camden Garden Centre Barker Drive NWI QJW Trustees at date ofapproval of this Report.. MrDUr¢ Mr G Mo￿tOn M5 S LappTll Mr J Hodgson M5 E Millar Mr5 S Cri5P Ms W Pritrhard B#nktrs= Barclays Camden and Islingion GTOUP PO Box 3474 London NWI 7NG (appointed on 5 December 20241 Solicitors.. MGCarthy Denning Minster House 42 MÈncirtg Lane London EC3R 7AE Auditor5: Cockt Vellacott 2nd Hill. Ch2rteTed A¢¢ounitnts Unli 15. City Business Cenire Lower Road London SE16 2XB STRucfuRE, GOVERNANCE, & MANAGEMEIYT The Trust, lormcrly named Southern Task Educational Trust, was established by deed on April P 1987 lamendcd by supplemental deed on June 20131. The objeciivc of the charity undeT it5 roJ)stitution 15 to educate and train young people and adults overth¢ Statutory 5Ghool l¢aving age in ivork end life skills likely to enable them subsequently to find satisfactory employment both by arranging peFiods of WOTk ¢xperien¢e and otherwise arKi by such means also 10 relieve povcty and itnprove social welfare and conditions of life atnong such people. N¢w Trust¢e5 are appointed for terms of3 yeaT$ by Tesolulion of th¢ Trubtee5 and tnUs1 sign a DeclaTation of Willingness 10 act as a Trustee before beginning to ￿ act. Trusiees may be rc-appointed 10 seTve for lurther teTttis. A consensus of Trustees sclcci new suitable Tn¢mkri if required. who #re given an infonnal induction on relevant matters including invesiment& grhnis. and powers and responsibilities of trustees. Decisions are made by a consensus of Trustteg and Ihere are no staff directly e]nployed by ihe Tru81. The Trugicts mccl foimally at least onc¢ ptt annum and are oth¢rwise in reEular contact throughout the year. io etssure the propeT manaEemettt and administration of the TrusL The TTusiees hold on trust for the Trust IWQ/o of Ihc shares in Camden Gardcn C¢ntr¢ Limiicd and Ihc Truslccs cnsure thai charitable work 15 ¢&Tied out by th¢ Garden Centr¢ in agreement with the Board of the Garden Centre and wilh (he support of ihe Trust. The major risks to which the Trust 15 exposed, ￿ idcntificd by the Trustees, have bc¢n revicwed and systems and procedures have been csiablishcd to mana8e those risks. It is accepted that the Trust's risk managemeni policy cannot offer absolute assurance againsi all fotms of poiertlial 10$$ OT datnage, and thc Trustees rccognisc the need to review their policy on an annu81 b&8is and to remain alert lo identifying and addrtssin8 such new or additional risks as may arise. OBJECTIVES AND ACTIVITIES The Tiust achieve5 Ils charitable obj¢ctiv¢ through ihe vehicl¢ of Camden Garden Centre Ltd. a company registered in the UK. no. 1592398. Thc Trust is the sole holder of the shares of ihe company which it formcd to employ and train Trainees to the limit of it5 5UStainablc capacity and within th¢ ceniexi of a cotnrn¢rcial operation of a type appropriate to the geographical arca covered by the Trust. The managemeni of Camden Garden Centre Ltd is operatcd by it5 Board of Directors who report frequentjy 10 the Trustets on its activities. The Managing Director wi>rk5 full-tirn¢ and i5 the only Director r¢ceiving remuneration. Camden Garden Centrt Th¢ off2cers of Camden Garden Centr¢ Ltd are.. P Blding. Chair ofihe Board of DIr￿lor$ (Non-ex¢¢u¢ive Dir¢¢tOTI P Hulall, Managing Dire¢toi (Director and Chief Executive Officer) Ms A Davie& Ctsmpany Se¢retary ge3of14 Camden Garden Centre Charitable Trust REPORT OF THE TRUSTEES- cont'd lor the Year Ended 31 July 2025 Camden Garden Cen1￿ was established to provid¢ the vehicle thtough which The TTUSt achi¢ves its charitablc objective to ¢ducale and train young people and adults over the siaiutory school leaving age in wotk and lif¢ skills lik¢ly lo enable thcm subsequently to find 5atisfacrory employmcnt and to Telieve povcrty and iTnprov¢ social welfare and conditions of life among such people. The Garden Ctnlie is a commercial limiied company en]ploying full time and part iirne professional siaff10 su¢¢essfully operate thc busincss whtch trtdrs in the same way as any other gardcn eentre, Trtailing plants and gardening products. Camden Garden Centre ha5 won many horticuliural trade awards including UK Garden Centrc of th¢ Y¢ar 2002., London in Bloojn Certificatc of Exctllcrtce 2010: UK Urban Garden Ccnttc of Ihe Year 2012 and UK Besi Gardcn Ccniie Plant Area 2017 and r¢gularly f¢atures in Th¢ Telegfdph and Sunday Times lists of the bei UK Garden Cenlres to visit. Trainees And Training Scheme The Gardcn Cenire ¢tnploy5 a number of Train¢es each year on fjxed teim one or two-ycar contrdcls over and above its requirement for operaiional staff. Train¢¢5 come f￿[Th 4 wid¢ variety of backgiounds but all will havc bc¢n unemployed for a significant period of time and disadvaniaEed in the labour market. They may be ￿CoverIng from subsi1￿¢¢ abuse,. ￿off¢￿der5. horneless. recovering froTn physical or mental illness. physically disabled or Ecnerally lacking in contidence or looking to Cotnpletely change career. A number of ref¢rral agencies ief¢r prospective Trainees intluding Youth Contract and AppT¢ntic¢ship pioviders: Prisons.. London Probation Servicc. St Mungo's. recently th¢ Good Work Catnden employment hub for hard to place unemployed individuals and s¢lf-referrals. Trdinees reLeive trAining in gardcn centre activities including Gu5tom¢rservice', ￿tall skills; forklifttruck drivinB; horticultural skills, ￿ well a5 car driving. Theobjective via the training and experiencc reLcived is to enable Trainett 10 5ubs¢quenily find satisfaciory employ￿ent hopefully for the lon8 iemi and to thercforc tclieve poverty and impiove so¢ial welfarc and condition5 of life among such pcoplc. The Garden Centre has been rccognised lor Ets achievements with Traintts ivith the national aw2rd of Most Outstanding Commithient io Edu¢ation and Training in UK Horticultutr in 2006 the 2%v2rd of Charitylsocial EnrerpTiS¢ of ihe Year at the Camd¢n and Islington Busintss Awards 2011 and more recently feaiuiin8 ift the NaiW¢si SEIOO. The Trust's main objectiv¢ for the year WLS for its tr2ding Subsidiary company io provide ¢tnpk)ytnent and training within its training schcme during the ytrarto at least two disadvantaged individua15.'1'h¢ TNst's slraiegy lo achieve ilsobj¢clive is thai CamdLn Garden C¢nlr¢ Lid should b¢ SU￿1¢1¢nI1Y succcssful and finwJcia]ly able to Susldin ils trainingobligaiions. The Garden Centre only irain a Small numb¢rof individuals Ai any one timc &8 it is of the ¢55ence that it is at all times a sustainable commercial cniity. wmpliance with theiT duty under section 17 of the Charities Act 2011. the Tnjstees hav¢ had due regard to guidaÈ)ce on public benefjt published by the Charity Commis5É0n. ACHIEVEMENTS AND PERFORMANCE Global ¢cunofflic uncertainty. fucl priG¢ and general inflation. politlC21 turmoil in the UK, war in Ukraine brtd the rniddleciety. insteAd of the alternative which might befall th¢tn were it not for thc work of th¢ TTU5L Page 4 of14 Camden Garden Centre Charitable Trust REPORT OF THE TRUSTEES- cont'd ror the Year Ended 31 July 2025 PLANS FOR FUTURE PERIODS The success of the Garden Centre business albwed us to maintain the training proBramme hoivever risin8 Garden C¢nlr¢ running costs. and effects of cu510mcr confidence will Ksult in some resirainton Train¢¢ numbers for the nexi feiv years. The Trust plan forth¢ future isto cortlinue with its obj¢rtive5, as financial perfomiance of the Compartyallows of at lefjst two Traintt positions at Camden Garden Centre Ltd. Thc Trust and the Irading company continue lo focus Ètteniion 10 2ppoinllrt8 Tiain¢¢s from a target group of longer-*Ttn unemployed peoplcmainly aged 18 to 40. The Gardcn Cenirc Board and the Trust agrccd infrL%lru¢ture improvement atiheGarde Centre aimed at improving all year-rotsnd Sales atld training opponuniiy e￿ICiencY. FINANCIAL REVIEW Camden Garden Centre Ltd is the PTincipal funding source to the Tn]si. The Trusltts consider that the Trust funds OT¢ sufficient at the pres¢ni titne and do not immcdiat¢ly plan 10 undertake any 5ignifJcant fundiaising activities. The Trustee5 view th¢ rescrves as a financial backstop for the 8ar&n ccnlrc which is the Trust's only instrument for fulfilling its ubjectives. Trust funds are also io a limiied cxieni a source of grants to supplement trainin8 andoihertraining r¢lated garden ¢en¢Te project5. The Trustees review th¢ policy and Icvcl of reserve5 at least onc¢ a year. The group accounts and the Separa￿ TTUSt awounts attached show the det￿led results for the year and the position at the year end. As a result of donatitsn5. the Trust's rcscrves rise by a net £26,080 in the year. Al thc year cnd Ihc TTUSt's assets coInpTl5ed cash of £167,347 2nd lis shareholding in the comparty. The Trust's trading subsidiary sknwed a profit of £22.526 for the yc8r and its cash reseTves in¢ffased frotn £190,470 to £261,945. STATEMENT OF TRUSTEES, RESPONSIBILITIES Th¢ Irustets ar¢ responsible for PTeparing th¢ Report of the TNstees and the fJnancia] statements in a¢¢ordan¢e with applicable law and Tcgulation5. Th¢ law applicable lo charities in Englartd and Wal¢s requires the trustees to prepare fjnancial siaiements which give a tNe and fair view of the sta* of affairs of the charity and of the incotning rcsources and application of resources of the charity for that ￿riOd. Under thai law Irusiees aFe Tequired to-. s¢l¢Gt suitable accountin8 polictes 2nd then apply th¢m consistently: observe the tnethods and principles of the Charitie5 SORP.. make judgements and estimates whi¢h arc reasonable prudcnl: state whether applicable accounting standards have been followe& subject to any departures disclosed and explained in the financial statements., prew2 ¢h¢ financial statements on thegoiftg ton¢em basi5 unless It is inappropriate kn presumeihatihe Charity will continue in bu$iness. The itustees are r¢spon5ible for keeping acLX)Uniittg records that are sufficient to show and cxplain Ihc charity's iransaciions and disclose with reasonablc accuracy at 4ny time the fjnancial position of the charity ond enable them to ensure that the financial sialements comply with the Charities Act 2011, the Charity (Accounts and Rcports) Re8ulation5 2008, and the provision5 of thc trust deed. Thcy arc al80 Te5pon5ible for the mzinienance 2nd int¢grity of the charity 2nd any fi]￿leJa[ infonnation included on the charity's website. ON BEHALF OF THE TRUSTEES: Chainnan of Tru5tces DAVID URE Date".1 May 2026 Page 5 of14 REPORT OF THE INDEPEIYDENT AUDITORS TO THE TRUSTEES OF CAMDEN GARDEN CENTRE CHARITABLE TRUST Opinion W¢ have audited the finamcial statements of Camden Garden Centre Charitable Trust set out ort p8g¢s 9 to I S for Ihc year ended 31 July 2025, which comprise th¢ Group Sratrtnent of Financial Aciivities, th¢ Group Balance Sheei and notes ¢0 the accounts including a summary of significani accounting policics 2nd the Charity Balancc Shect and Delai15 of Cliarity financial Activity. The financial reporiing fratnework that has been applicd in their preparation is applicable law and United Kingdom Accounting SiandaTds {United Kingdom Generdlly Accepred Accounting Pra¢tic¢l includinB"Accounling and Rcporting by Charities.. Stalemeniot'Recommended Practice applicableto ¢harilies preparing their accounis in aGcordance with the Financial R¢porrinE Standard applicabl¢ in Ihc UK and Rcpublicof Ireland IFRS 1021{effe£liv¢ l January 2019)" In our opinion the financial 8iaietnenls'. givc a Iru¢ and faiT vicw of Ihc Slal¢ of the charity's affairs as at 3151 July 2025, and of ils incoming ￿SOurceS and appli¢ation of ￿ourte& for the period then ¢nd¢d.. havc bcen properly prepared itt accordance with United Kingdom Generally Accepted Accounting Prxti¢e' gnd have been pffpard in accordan¢e with the requircmenis of the Charities Act 2011. Basis for Oplnlon We conducted our audit in accordance with International SLqndards on Auditing IUKI {ISAs IUKII ond applicable law. Our responsibilitics under Ihose standard5 are furthcT described in the Audito¢s responsibilities lor the audit of the financial statements se￿1￿n of our report. We are independeni of the charity in accordance with thc clhical requir¢m¢nts that are relevant io our audit of the financial sitiemenis in the UL including th¢ FRC'S Ethical Standard, and w¢ hav¢ fulfilled ouroth¥T ¢ihiral responsibilities in accordan¢e wilh Ihesc requiremenl$. We belicve that the audit evidertce we havc obtained is Sufficient and appropridie lo providt a basis for our opittion. Conclusions rtlating to goÉng cothtern We hav¢ nothing to report in r¢speci of the following matters in relaiion 10 which the ISAS IUKI requirc u5 to rewrt lo you where: tht trusttts. use of the going concem basis of accounting in the preparation of th¢ financial siatements is not appropri8tc,' or the trustees havc not dis¢105ed in ihe financial 51atem¢nts any ideniifjed material uncertainties that may Cast significant doubt about the charity's ability to continue lo adopt the going concern basis of accounting for a period of at least tw¢lvc months from the date wh¢n the rJnan¢ial Malemcnts are authorised for issue. Other information The other infomiation compris¢5 th¢ information in¢lud¢d in the annual Icport, other than tlie financial siaiemertis and our auditor's ieport thcrcon. I'he trustees 8r¢ res￿nSible for the other inf0T￿l]0n. Our opinion on the financial ststements docs noi cover the other infomiation and we do not express any form of a55urance conclusion Ihereon. In connection with our audit of the finglljcial statemert￿ our responsibility 15 to read ihe other information and, in doing so. consider whetheT the other information is matcrially incon51Stent with Ihc financial statemenis orour knowledge obtained in the audit or oihenvis¢ appcars 10 be tnal¢rially Mis￿ated. If we identify such maierial inconsisten¢i¢s or apparcnt material missiatemenls. Ive ere required io delerminc ivhether Ih¢r¢ 15 a rnalerial missialtment in the financial slaiements or a material isstaiemcnt of thc oih¢r information. If, based on the work we have perfoTtngJ. we coJ)clude that there is a material MIS￿alement of thi5 oiher information, we are requir¢d to report thai fact. We have nothing to report in this regaTd. Matter5 on which we are required to report by exception We hav¢ nothing 10 rerx)rt in respeci of the following matters whcre the Chzritj¢5 Act 2011 requires lo report to you if. in our opirtion.. th¢ information given in the Trusiees, Annual Report is inconsisteni in any material respect with the financial statem¢nt5', or sutTi¢ient accounting recoTds have noi been ktpi., or thr financial statemeniy are noi in agreetntni wilh th¢ a¢¢ounting records 2nd re￿rn$.. or we have not received all th¢ infomation attd explanatiot15 we require for our audil. Re5pohsibilities of trustees As explained more fully in the Sia*m¢nt of Tn)stces' Responsibilitie5 Set out on pages 4 and 5 the trustccs are responsible for th¢ prepardtion and prcsentalion of the financial sta(¢m¢nls and for being satisfied that they givc 8 tnjcand fairview and for such internal conlToI a5 the Itusicts determine is necessAry to enable thc pr¢paration of financial slatefflents that are free from maierial mi551at¢menL wheiherdue to fraud or error. A￿dItor'S rtsponsibilitl¢5 for fhe ludit Df th¢ financial stattmtnts W¢ have been appointed a5 auditors und¢r section 144 of ihe Chatitie5 AGt2011 and Tepon ifft accordanr¢ with the Act and relevant rgulalions made ot having effect thereunder. Our objfftive5 are to obtain reasonable assurance about whetheT the financial statemcnts as a whole are free from matcrtal misstaiemen( whcther due to fraud or error. and to issue an auditor's rewrt thai includes our opinion. Reasonable assuran¢¢ is a high level of assurance but is not a guataniee thatan audit conducted in actord&nc¢ with ISAS IUKI will alwaysd¢t¢cta material misststement when it exists. Missiaiementscan arise frotn fraud or ¢n'orand are considered tnai¢riaJ if, individually or in thedggregate, they could reasonably be expected to influence the economic decisions of users taken on thc basis of these financial stalcmcnts. We have obtained an understsnding of the group'5 policics and priKedur¢s through discussions with senior management. We also drew on our existing understanding of the work thai Ihe subsidiary company does and the s¢¢tor that it operates in. Page 6 of14 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CAMDEN CARDEN CEIYTRE CHARITABLE TRUST (Continued) We und¢rst3nd that th¢ group complies with its responsibiliiies through close involvement of the CEO of the subsidiary coinpany Ln the day lo day running of the business and regular liaison beiiveen hitn and the ext¢rnal ChaiT. W¥r¢ ih¢re any litigation or rlaitns Ih¢y would come to the attention vf th¢ CEO d&rectly. The subsidiary company also holds regular board me¢tings ai which all such matters ar¢ discussed. Managetnent account$ ore circulatcd lo all directors and senior manag¢m¢nt in advance of these meeiings along with a detailed report by th¢ CEO Wt have r¢vi¢w¢d these repons. and minulcs of all meeting5, and tK) irrcEularities were idenlifi¢d. Th¢ tru51¢¢5 as a body mcct le￿ frcqu¢ntly but w¢ have r¢view¢d all availabl¢ inutes. In the context of th¢ audii we considered those laws and Tegulat)Oll5 which d¢t¢rmin¢ th¢ forrn and content of the financial 5tat¢m¢nts, which aTe central io the company's ability 10 conduci busine$$ 2nd where lailur¢ to rotnply Gould Tesult in rnaterial p¢naltie5. We have considered the disclosure requirements for charities as part of our finalisation pro¢¢ws. W¢ di5CU8s¢d the possibility of fraud with s¢nior management and wh¢th¢r they had any knowledge of any aGtual. all¢gd or suspected fraud. We designed our audit tests to consider controls and tested a sampl¢ of financial tranS￿li0n￿. We wnsideTed the titning of recognition of incomc. In common with all audits undcr ISAS IUKI we also performed sperific proc¢dur¢s to r¢5wnd kn th¢ ri5kof Jnanag¢Tn¢nt Ove￿id& W¢&8sessed the company's control environmcni is adequate for the size and operating Tnodel of such 8 Company. Because of thc inherent limiiations of an audiL ther¢ 15 a risk that we will tLOt detect all irregularitie4 inGluding Ih05e leading to a material mi￿tatement in the finaiicial siaicmenls OT non-cotnplian¢¢ with regulation. Thi5 risk increases th¢ more that cotnplience with a law or regulation Is removed from the evcrtis and Iran5a¢iions reflected in the financial stal¢menls, as we will b¢ less likely to become aware of instsnc¢s ol non-compliance. Th¢ risk is also greater regarding it￿gularitICS o¢¢urring due to frnud rnth¢T than error, as fraud involvcs intentional collcealmen¢ forgery, collusion, omission or misrepresentation. A furth¢r dexTiplion of our r¢sp)nsibiliiies for the audit of the fthancial state]nenlS is located on th¢ Finaniial Reporting Council's website at.. www,f￿.org.UkIdudltorSrcSponslb1lltits. This deseriplion fonns part of our audiior's Icwrt. U5¢ of our r¢port This Teport is made solely to the trustecs. as a body, in accordance with Section 144 of the Chariiies Act 2011. Our audit Work ha5 been ndertaken so thai ive mighi $lat¢ to the trustees those matters we are required to slate to them in an aUdi￿r'S report and for no other purpose, To the fvllest extertt pcrrnitt¢d by law. wc do not accept or assume responsibility to anyone other than ihc charity and ihe charity's trustees as LN)dy rot OUT audii work, for this reporL or for the opin&on we hav¢ formed. .LL, veLA¢- It A Cocke. Vellacott & Hill Chartered Awounlants and Statutory Auditor Unit 15 City Bu5iJ)¢ss Centre Lower Road LONDON SE16 2XB Dale.. l May 2026 Vella¢ott & Hill are ¢li8ible to act as 8udiiors irt terms of section 1212 of thc Companies Act 2006. Pa8e 7 of14 Camden Garden Centre Charitable Trust GROUP STATEMENT OF FINANCIAL AcfIviTIES for the Year Ended 31 July 2025 Unrestricted Funds 1025 Restricted Funds 2025 Totsl Funds 2025 Total Funds 2024 Notes Incoming re50ur¢es FTQffl generated funds.. Voluntary incomc= Donations. gifts, and grdnts Activitie5 for generatitsg funds.. 582 582 657 IDvtsttnenl income 3,319 3,319 1,472 From ¢haritable 2CljVities'. Inwme from Iradirt8 subsidiary 14 1.936,807 1.936.807 1,802,164 OiheT incorning resources Total incoming resources 1,940,708 1.940,708 1,804,293 Resources expended Co81s of g¢R¢rating funds.. Costs of generating voluntary income Fundiaising trading.. cost of sa1¢5 Investment rnanagemeni costs Charitable aciivitie5', Expcnditurc by trading subsidiary Expendtture by parent charity 14 1.884.520 1.884.520 1,874.407 GoveTnanc¢ cosrs.. Audit F¢cs Legal fees 7.582 7.582 7,832 OtheT r¢50urce5 expcndcd Totsl re50urtes ¢xpended 1,892,102 1,892,102 1.882,239 Net ineomithgl{outgoingl resources before trAnsltrs 48.606 48,606 177,9461 Transfer GTOSS transfer bctween fund5 Other recognised gainslJoss¢s Net movement in fut)d$ 48,606 48.606 (77.9461 Re¢ontlll•tlon of funds ToLIl incotn¢ funds bifwd 547,883 547.883 625,829 Toi81 tncome funds clfwd 596.489 596.489 547,883 The noies onpageJ 10 10 14formpurl ofihEsgfJnanciulslulenJeAIs. Pagt 8 of14 Camdell Garden C¢ntr¢ Cbaritable Trust GROUP BALANCE SHEET 31 July 2025 2025 2024 Notes FIXED ASSETS Tangiblc asscts Investment 139,796 170,189 139,796 170,189 CURRENTS ASSETS Stocks Debrors Cash at bank and in hand 252.660 30,178 429,292 274,063 32,854 331,737 CREDITORS Amounts falling due within one ytar {255.4371 (260.960) NET CURRENT ASSETS 456.693 377,694 TOTAL ASSETS LESS CURRENT LIABILITIES 596,489 547.883 CREDITORS Amounis fallinB duc after more than one year PROVJSIONS FOR LIABILITIES NET ASSETS 596.489 547,883 FUNDS OF THE CHARITY Rcstrictcd ineotnc funds Unrestricted income funds 596,489 547.883 TOTAL CHARITY FUNDS 596,489 547.883 Approved by th¢ Trustees on l May 2026 and signed by their behalf by.. DAVID UIIE Trustee The notes on pages 10 10 14 fortll part of thcse financia] siatements. Page 9 of 14 Camden Garden Centre Charitable Trust NOTES TO THE FINANCIAL STATEMENTS for tht Year Ended 31 July 2025 STATUTORY INFORMATION Catnden Garden Cenire Charitable TTUSI 15 a regist¢red chttity and a public ben¢fIt entity. Thc charity's regisiercd number. 8ddrL'4 and Tru$i¢e5' delatls can bc found in the Rewn of Ihe Trusiees on pag¢ 3. Th¢ Charity is requir¢d to prepare group accounis by virtue of it5 lumover including the a¢tivilies of its tradin2 subsidiary, Catndcn Garden Centre Ltd, a company registered in England and Wales. The chariiy's pres¢Rlation cutrency is GBP. ACCOUNTING POLICIES Bisi$ of preparing the finAnti#l 5tstements These financial slalemenis hav¢ b¢¢n prepared in accordance with FRS102 {IAI, ChaTili¢s SORP FRSIOI and with the ChaTiIj¢5 IA¢¢ounlS and Rcports} Regulations 2008. Funds Structure The Charity has no Resiricted nor Endowment Funds. Incomlng Resovr¢es and Debtor5 Donations, gilts, grants are recognised whell received. The Jncorn¢ from the trading subsidiary repr¢sent5 invoiced sales of good5 ￿Ty1c¢S, net of Value Addcd TLX. Incomc is recognised ivhen goods are sold 2nd servite5 d¢liv¢r¢d. Any debtor arising is tecvrd¢d as an assct utltil the amount i$ settled. Resourttt Eip¢Dded And Liabllitles All eX￿nditure is aGcount¢d for on an accruals basis. Govemancc costs comprise all cost5 involved in th¢ public accountability of the Charity and it5 compliance with regulations and good practice. Liabilities are reco8nised ai th¢ p)int at which they are in¢urred. Tangible fixed gsstts Dep￿ciatiOll is provided at the following ennual tale$ in ordcr to WTit¢ off each asscl ovcr its estimated useful life. Short l¢as¢hold impiov¢rn¢nls over the term of the leasc Improvernents to prop¢ty I￿10 on cost FiXtu￿S & Equipmertl 250/0 on reducing balance Motor vehicles 25Q/o Ol) Cost OffiLe equipment 250/0 on rcducing balance Compul¢r ¢quipm¢nl 20% on cost Stocks Stocks are valued at the lower of cost and nei Teali$abl¢ value, after making due allowance for obsolete and slow rnovin8 Item& Taxation Taxation for the y¢ar comprises current recognixd a5 the amount of t&x payable using the t7LX rat¢$ and laws Ihat hav¢ b¢en ¢naGt¢d or substantively ena¢ted by the balance sheet de￿. Deferred tax D¢f¢n'¢d t&x is not re¢ognised in respect of any limin8 differ¢nc¢s that have originated bui not reveTsed at the balance sheet date since the a￿OUnt is not consider¢d to be material. Hlre purchase and leasing commi*ments Rentals p2id under operating leas¢s ar¢ ¢harged to profit or losson a straight line basis over thc pcriod of the leas¢. Pell5ion co$t$ #lld other post-rttiretntnt benefits The trading company opttatus a defined Ctsntribution pension schem¢. Coniributions p8yable to the company's pension scherne are charged to profit or1055 in the peFiod to which they relate. OPERATING PROFIT/(LOSSI The operdting profi¢ is stated after charging.. 2025 2024 D¢pr¢ciation- owned ￿tIS Audit fe¢s- Charity Audit fe¢s- Subsidiary 38,127 1,332 6,250 45,360 .332 6,500 Page 10 of14 C2md¢n Garden Centre Charitable Trust NOTES TO THE FINANCIAL STATEMENTS-torJtinued for the Year Ended 31 July 2025 TANGIBLE FIXED ASSETS Short le%sehold improvements Improvements to Fsxtures & property Equipment COST At l August 2024 Additions Disposals 403,538 155.105 180,561 808 At 31 July 2025 403,538 155.105 181,369 DEPRECIATION AI l Au8USt 2024 Charge for year On disposals 316,047 1,796 102,603 11,963 172,930 4.939 At 31 July 2025 327,843 14,566 177.869 NET BOOK VALUE At 31 July 2025 75,695 40,539 3,SOO At 31 July 2024 87,491 52.502 7,63 1 fvlotor Vthlcle$ otfLce Eq￿1pMent Computer Equipmtmt TotsL5 COST At l August 2024 Additions Disposals 40.541 190.457 6.926 6.229 976,431 7,734 At 31 July 2025 40.541 197.383 6.229 984,165 DEPRECIATION At l August 2024 Charge for y¢aT On disposals 31.923 2,154 181,493 6,029 .246 ,246 806,242 38,127 At 31 July 2025 34,077 187,522 2.492 844,369 NET BOOK VALUE At 31 July 2025 6.464 9,861 3.737 139,796 At 31 July 2024 8,618 8,964 4.983 170.189 Fixed Ass¢t5 included in above fjgures held tsndcr hiTe purchasc cuntracts were a5 follow5 in 2023 (all wntract5 Dow ¢ndedl. Motor VehiG1¢5 COST Al l August 2024 And at 31 July 2025 NET BOOK VALUE Ai 31 July 2025 40.541 6,464 At 31 July 2024 8,618 Pa8e Ilof14 Camden Gard¢n Centre Charitable Trust NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 July 2025 STOCKS 2025 2024 Stocks 252.660 274,063 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 202S 2024 Tr8de debtors Ihhcr dcbiors 265 29.913 4,869 27,985 30.178 32,854 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors T￿atIon and social security Othcr crcditors 110.686 123,070 21,681 255,437 260,960 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loans Hite PuTchase contra¢is OTHER FINANCIAL COMMITMENTS The group had total operdting lease commiimenis ai the year end a]1 faIling due wiihirt l year of £59,00012024.. £135,000). 10. SECURITY The tiadin8 subsidiary cornpatLy'S banking facilities ar¢ secured by a debenture on the company's a58ets. a first charge on the compÈny's leasehold pr¢rDiSts, and a charge over a key Than life policy. TRUSTEES AND EMPLOYEES The charity has no etnploy¢¢s12024'. nil) and did not pay arly salaries. the￿fore no-one carned in excess of £60.￿0 from the Charity. No trustees (2024.. nil) received any remuneAiion or reimbursement of expense& 12. RELA TED PARTY TRAf4SACfIONS One donation was given to donation to the chaTity by the subsidiary Company foT £25.00012024.. £nill as shown in note 14. No gT4Dt wa5 given to grant to th¢ subsidiary company by the charity (2024.. £25,000) as shown irt note 14. Pig£ 12 of14 Camden Garden Centre Charitable Trust P40TES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 July 2025 INVESTMENT IN SUBSIDIARY The parent charity's invesimeni in its trading subsidiary company al the balance sh¢¢l date ivas L8 follows". Camde]J G•rdén Cetttr¢ Llmittd Cia8s of shares: Ordinary holding 100.00 2025 2024 Aggregat¢ rnpital and re5¢rv¢s Profitl(lossl for the year after Mation 430,474 22.526 407,948 153,1581 A *al¢rnent of the trading subsidiary's income and expcnditure forthe year 15 delailed at Notc 14. 14. INCOME & EXPENDITURE OF CHARITABLE ACTIVITIES OF TKIDING SUBSIDIARY 2025 2024 ncome Tumover & Grants lof which £nil {2024.. £25,000) was received from Camdcn Garden Centr¢ Charitable Trust and has betn removcd on consolidation) 1,938,296 1.828.249 Expenditure Cost of sale5 848.270 767,583 E￿ablishtlle￿t rosts 136.939 225.g43 Administraiive and staff ¢o#s lof which £25,00012024.. £nill was &)nation paid lo Camden Garden Cenire Charitable Trust in year and has b¢en Temoved upon cortsolidaiionl 756.863 725.412 Audii 6,250 6.500 Selling & Marketing Costs 106,452 90,397 Financc costs {of ivhich £nil12024.. £500} was inierest paid to Camden Garden Centr¢ Charitable Trust in year and has been remov¢%1 upon consolidation) 22,189 20,312 Depr¢Giation 38,127 45,360 Profivloss on sale of assets Ta¥ation 680 1,915.770 1,881,407 Pa8e 13 of14 Camden Garden Centre Charitable Trust CHARITY BALANCE SHEET 31 July 2025 2025 2024 FIXED ASSETS 70,005 Ord £1 shares in Camden Garden Centre Ltd 70,005 70.005 CURRENT ASSETS Catnden Gardcn cent￿ Ltd Bank deposit account Bank current account 130.944 36,403 129,114 12,153 167,347 141,267 CURRENT LIABILITIES Accrutd expcnscs Auditor5, Rcmuneration 11.3321 166,015 139,935 NET ASSETS 236.020 209,940 FINANCED BY RESERVES Balance brought furward Income & ExpEndilure A¢￿Unt 209,940 26,080 234,728 124,7881 236,020 209.940 DETAILS OF CHARITY FIIYANCIAL ACTIVITY for the Year Ended 31 Jllly 2025 2025 2024 CROSS INCOME 27,412 1.544 (DEFICITYEXCESS OF INCOME OVER EXPENDITUR£ 26.080 124.7881 Pa8¢ 14 of14