Charlty reg5stratlon number 296921 (England and Wales) Company reglstratlon number 2134343 MEANWHILE GARDENS COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MEANWHILE GARDENS COMMUNITY ASSOCIATION Report of the Management Committee The Management Committee presents its report and unaudited financial statements for the year ended 31$1 March 2024. Reference and administrative information Charity Name.. Meanwhile Gardens Community Association Charity Registration Number.. 296921 Company Registration number.. 2134343 Registered Office and operational address: 156-158 Kensal Road London W10 5BN Members of the Management Committee Alex Bowling Keith Benton Tony Curzon-Price (Chair) Susie Gretz Julie Jones Gary Lohan Rohan Mccullough Dez O'Neill Kristian Parker Rose Peel Simon Ryder (Hon. Treasurer) (Co-vice Chair) (Co-vice Chair) Senlor Management Team.. Project Manager.. Chandrika Dalpat Auditors GMAK Services Ltd Flat 1, 26 Lansdowne Road London W113LL Bankers Royal Bank of Scotland
Structure Governance and Management Governing document Meanwhile Gardens Community Association is a charitable company limited by guarantee incorporated on 22nd May 1987 and is registered with the Charity Commissioners. The company was established under a Memorandum of Association, which establishes Ihe objects and powers of the company and is governed under its Articles of Association. In Ihe event of the company being wound up, members are required to contribute an amount not exceeding £1.00. Recruitment and Appointment of Management Committee The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management Committee. Under the Articles of Association, the members of the Management Committee are elected from the members of the Association at the AGM to serve for a period of one year but may stand for re-election. The Management Committee may consist of a minimum of 10 and a maximum of 30 members, of whom no more than one third may be co-opted. MGCA actively seeks to recruit Management Committee members from the local community and from users of its services, aiming to maintain a pool of varied skills and experience. Committee Induction and Training A pack of information for new committee members currently exists and is being revised and updated to reflect current legislation and good practice. All committee members are actively encouraged to take up training opportunities that will support them in their role. MGCA aims to hold regular strategic planning events at which all the committee members gather to consider the aims and objectives of the organisation and to review fOard plans. Risk Management The Management Committee aims to conduct a review of the major risks to which the charity is exposed and to ensure systems are established to mitigate those risks. These procedures are then periodically reviewed to ensure they continue to meet the needs of the charity. Significant external risks to funding and the need to respond to the changing needs of our local community mean that it is necessary to review and potentially diversify activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure regular review of health and safety considerations,. this is a mandatory item on every Management Committee meeting agenda.
Organisational Structure MGCA is governed by a voluntary Management Committee which includes residents, users of Meanwhile Gardens as well as representatives from other local organisations. The Committee aims to increase its pool of varied skills and experience to respond lo the changing needs of the organisation, be reflective of the local area and ensure MGCA is operating under current legislation and good practice. There is currently one main Commiltee that meets every 8 weeks. The Committee oversee financial and strategic developments and are kept updated on our service delivery. As and when needed, sub committees may be formed to oversee various specific developments. The Project Manager is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Project Manager is also responsible for the day-to-day operational management of the Gardens and supervision of the rest of the staff team. Objectives and Activities The charity has defined a mission statement as follows.. "Meanwhile Gardens is an inspiring green space at the heart of our inner-city community" The charity aims to enhance the lives of residents in North Kensington and North Westminsler by providing open air, leisure, play, training and educational opportunities in our four-acre community park. MGCA seeks to work in accordance with sound environmental principles and in partnership with the local community. To achieve these aims, the charity operates several core activities: The management and maintenance of a four-acre community park ('the Gardens"}, including a free skate park facility. A Stsy and Play Centre - "The Playhut" for parents and carers with children up to their sixth birthday. A range of volunteering, educatlonal and training opportunities supported by our qualified and experienced staff. A programme of community festivals, including activities and entertainment at the annual Notting Hill Carnival. Achievements and Performance Whilst Meanwhile Gardens started out as a temporary community project back in 1976, the organisation is now firmly established as a much loved, local community green space. With a unique history that started with a vision of a local man, Jamie Mccullough, who gained support from the community, the local authority and local businesses, a derelict stretch of land began a great transformation. 2023 Com etition Results We are delighted to report we won 1st place in the Platinum Jubilee 2023 Brighter Kensington & Chelsea Summer Competition, "Encouraging Community Engagement & Volunteers" Category 10.
Meanwhile Gardens also achieved "Outstanding" Level 5 in the London in Bloom - RHS It's Your Neighbourhood Campaign. This is thanks to all those who work on the Gardens, the staff and volunteer team. Communit Involvement MGCA actively encourages residents to be involved in the maintenance, development and management of the green space and welcomes new volunteers on a regular basis. Local people gain a wealth of skills and experience in horticulture through volunteering with Meanwhile Gardens. Volunteering is a great way to meet other people, connect with the local area and helps to reduce feelings of isolalion and loneliness. Volunteering in the Gardens also provides opportunities to be more physically active and improve one's overall health through the supportive gardening sessions which are planned and led by our staff. People visiting the Gardens stop and talk to our staff and volunteers. Over and again, they express how much they appreciated the green space, how beautiful the Gardens are and how much they benefit from being in the natural environment. Partnerships & Collaborations MGCA works in partnerships with other local organisations and embraces new opportunities to increase community involvement and expand on our services to residents. Our well-established partnership projects include.. The Meanwhile Wildlife Garden Project. Since 1994, Kensington & Chelsea MIND have been located on the Gardens running a horticultural training and social enterprise programme with opportunities to help recovery for local adults who have long term mental health needs. The Floating Classroom, a local educational charity, has been bringing visiting school groups into the Gardens since 2012 through their Garden Classroom and other environment programmes. They utilised the Gardens for outdoor educational sessions for schools and local community groups. The old factory building located at one end of the Gardens continues to provide a meeting and rehearsal space for our resident steel band, the Melronomes Steel Band Orchestra. This arrangement has been on-going for over three decades. The Metronomes are a thriving, inspiring community band and one of the UKS leading steel bands. We continued to work collaboratively with the Natural History Museum who utilised our Garden to test their new outdoor educational programme whilst their own Wildlife Garden was under major renovation. We saw local visiting schools groups who also utilise the Gardens independently, carrying out a range of activities as part of their environmental studies including mini beast hunting, pond dipping, plant identification and even outdoor fitness.
Our Projects, Events & Activities Our volunteering programme and health and well-being gardening sessions ran across a weekly timetable. Our new"Fork to Fork" sessions supported learning to grow edibles in small spaces. The project runs in our"Kitchen Garden" and polytunnel space. Our largest event of the year, the highly popular"Carnival Oasis" two-day event as part of the Notting Hill Carnival attracted many parents and carers with young children. Meanwhile Gardens is known locally for providing a safe haven from the busy overcrowded streets during what is Europe's largesl street festival with over a million visitors. We continued to keep in contact with many of our skating friends. They told us how our open access skate park was their "mental oasis" Some skaters have very kindly helped us to keep the bowls maintained. They also report any issues of concern to our office, which is incredibly helpful. The Playhut Set within the Gardens is the Playhut, a community play facility that specifically works with disadvantaged and isolated families, bringing them together to engage in social, learning and cultural activities. We have a strong track record of working with families, in particular of providing parenting support and advice to those with Children up to their sixth birthday. We welcome all families and receive referrals from the Early Years Team and other agencies working with identified children in need of support. Our small staff team at the Playhut provide a safe and stimulating play and learning environment where children's emotional, physical and cognitive needs can be developed through play. The team also facilitate social contact between parents and carers, as well as sign post users on to various support agencies. Our early years setting is a popular community centre for bringing families together and preparing young children for starting school. Our extensive weekly timetable included sessions such as Stay & Play, Messy Play, Nature Explorers which included gardening with one of our Community Gardeners. We also ran a food hub for local families. The North Kensington Community Kitchen provided a selection of food and other items to the Playhut each week. This helped many families that needed some assistance during the on-going cost-of-living crisis. The Stay & Eat session offering a warm space with soup, toasties and hot drinks to our families has proved highly popular. On-golng Developments The Facto Sile Develo ment Meanwhile Gardens continued pulling together ideas for the future potential of the old Factory Building to become a community-driven asset, and a firm base for a range of inclusive projects. Working with The Metronomes Steel Band, Counterculture, IDK Architects and the local authority a feasibility has been produced, and plans are progressing.
Financial Review The Association showed a surplus on unrestricted funds for Ihe year of £76,572. Al 31 March 2024 there were free reseNes carried fotward not tied up in fixed assets of £73,088 and no restricted revenue funds. The remaining restricted funds in the balance sheet of £3,484 comprise the net book value of the Playhut and equipment. Reser4es Policy The Management Committee reviews the reserves policy on an annual basis and are committed to maintaining the reserves al the level recommended by the Charity Commission of between 3 and 6 months running costs. For 2023124 this amounts to bebNeen £77,415 and £154,830. The current unrestricted funds of £76,572 almost fall within this range. Principal Funders MGCA continues lo fundraise to support both ongoing overheads and new capital developments during this year. We continue to be supported by a range of grant giving bodies, particularly The Royal Borough of Kensington and Chelsea. Plans for the Future Other strategic priorities include'.- Securing a long lease on the Gardens including the Factory Site. Securing ongoing funding to manage and maintain the Gardens with greater community and volunteer involvement. In particular, we are seeking to increase core funding to enhance our staffing capacity Increasing volunteering and training opportunities. Developing the services for young children offered from the Playhut. We aim to provide more opportunities for both children and their carers. Maximising community use and enjoyment of the Gardens with the development of new community initiatives, including wider inclusion of marginalised groups. Large scale capilal programme to renovate our four-acre community garden including the skate park. Responsibilities of the Management Committee Company law requires the Management Committee to prepare financial statements for each financial year, which give a true and accurate view of the state of affairs of the charitable company as at the balance sheet date, and of its incoming resources and application of resources, including income and expenditure for the financial year. In preparing those financial statements, the Management Committee follows best practice and aims to.. Select suitable accounting policies and apply them consistently. Make judgments and estimates that are reasonable and prudent., and Prepare financial statements on the going concern basis, unless it is inappropriate to assume the company will continue on that basis.
The Management Committee is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 1985. The Management Committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Members of the Managoment Committee Members of the management committee are the directors for the purpose of company law and trustees for the purpose of charity law., those who served during the year and up to the date of this report are set out on page 1. Public Benefit Statement The trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit 'Charities and Public Benefit,. Meanwhile Gardens Community Association's charitable purpose is to enhance the lives of local residents by providing leisure and educational opportunities in its community park. The financial statements comply wilh the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2015) and the special provisions of Part 15 of the Companies Act 2006 relating to small entities. Approved by the management committee on the 17th February 2024 and signed on its behalf by.. Gary Lohan - Treasurer
MEANWHILE GARDENS COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MEANWHILE GARDENS COMMUNITY ASSOCIATION I report on the accounts of the charity lor the year ended 31 March 2024. which are sal out on pages 10 10 21. Respectlve responsiblllties of trustees and examlner The Iruslees, who are also the directors of Meanwhile Gardens Community Association foi the purposes of company law, are responsible for the preparatlon of the accounts. The Irusl&es consider that an audit is not required lor this year under section 144121 of the Charities Act 2011, the 2011 A¢1, and that an independent 8xaminalion is n&eded. The charily's gross incorne exceeded £250,000 and l am qualified to und&rtake the examination being a ACA,FCCA. Having satisfied myself that the charity Is nol subject lo audit under Company law and is eligible for independent examination, il is my responsibility lo.. examine the financial slalemenls under section 145 of the 2011 Act., lill lo follow the procedurss laid down in the general Directions given by the Charity Commisslon under section 14515llbl ol Ihe 2011 Act., and {iill lo slate whether particular matters have come lo my attention. Basis of independent examln•r's raport My examination was carried out in accordance with the general Directions given by the Charity Cornmission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or dlsclosures in the accounts, and seeking explanations from you as Iruslees conceming any such mallers. The procedures undertaken do not provide all thè evidence that would be required in an audit and cDnsequenlly no opinion is given as lo whether the accounts presenl a 'lrue and fair view, and the report is limited lo thos8 mallers sel out in slalemenl below. Independanl gxaminer's statement In connection with my examination, no maller has come lo my atlenlion.. 18) which gives me reasonable cause lo believe that in any rnalerial re8p&cI the requirements.. Its keep accounting records in accordance with Section 386 of the Companies Act 2006,. and lo prepare accounts which accord with the accounting r&cords, comply with the accounting requirements of 396 of the Companies Act 2006 and with the methods and principles of the Slalemenl of Recommended Practsce.. Accounting and Reporting by Charities.. have not been mel., or Ibl lo which, in my opinion. allenlion should be drawn in order lo enable a proper underslandlng of the accounts lo be reached. Angela Klista'S GMAK SeNlc8s Ltd ACA,FCCA Flat 1. 26 Lansdowne Road London W113LL Dated.. ..A....N.AP..GL 202
MEANWHILE GARDENS COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Llnrgstrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcled Restrlcled funds funds 2023 2023 Total 2024 2023 Notes Income from., Donations and legacies Charitable activities Investments 178,716 12.255 736 178,716 105.498 736 117,327 40,246 315 117,327 167,729 315 93.243 127,483 Total Income 191.707 93,243 284,950 157.888 127.483 285,371 Expendlture on: Charitable aelivilies 159,848 149,813 309,661 131,150 129.416 260.566 Total exp&ndlture 159,848 149,873 309.661 131,150 129,416 260,566 Nel Incomg11gxpendlture) 31,859 156,570) {24,7111 26,738 {1,9331 24.805 Transfers between funds 118,2411 18,241 Net movement In funds 13,618 138,3291 124.7111 26,738 11,9331 24,805 Reconciliation of funds.. Fund balances al 1 April 2023 62,954 38,329 101,283 36,216 40,262 76,478 Fund balancès at 31 March 2024 76,572 76.572 62,954 38,329 101,283 The slalement of Ilnancial aclivilie8 includ88 all galns and losses recognised in the year. All Income and expenditure derive from continuing aclivilies,
MEANWHILE GARDENS COMMUNITY ASSOCIATION BALANCE SHEET ASAf31 MARCH 2024 2024 2023 Not&s Flxed assets Tangible assets Current assets Debtors Cash al bank and in hand 12 3,484 11,069 13 21,659 86,206 36,943 75,322 107,885 112,265 Creditors: amounts falllng due wlthln on& year 14 134,776) 122,048) Nel current assets 73,088 90,215 Total assèts less current Ilablllties 76,572 101,284 Income funds Reslricled funds Unreslricled funds 38,329 62,954 176,5721 176,572) 101,283 The company is enlilled lo the exemplion flom the audit iequiremenl contained in 88clion 477 of the Companies Act 2006, lor the year ended 31 March 2024. The directors a¢knOedge their responsibililles for complying with the requifemenls ol the Companies Act 2006 with respect lo accounting records and the preparation of financial slalemenls. The members have not required the company lo obtain an audit of ils financial statements for the year in question in accordance th section 476. These financlal statements have been prepared In accordance with the provisions applicable lo companies subject lo the small companies regirne. The financial slalements wefft approved by the Trustees on . Trnstee Company Reglstratlon No. 2134343 10-
MEANWHILE GARDENS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charity Informatlon Meanwhile Gardens Community AssocialSon is a prlvale company limited by guarantee incorporated in England and Wales. The registered Office is 158-158 Kensal Road, London W10 5BN. 1.1 Accounting convention The financial slalemenls have beèn prepared in ac¢ordance with the charity's governing docurnenl. the Companies Act 2006, FRS 102 "The Financial R&porling Standard applicable in the UK and Republic of Ireland" and the Charitiès SORP "Ac¢oLJnling and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charitiès preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 The charity is a Public Benefit Enlily as rIned by FRS 102, The charity has taken advantage of the provisions in the SORP for charities not lo prepa a slalemenl of cash flows. The financial slalemenls are prepared in sterling, which Is the functional currency of the tharily. Monetary amounts in these financial slalemonls are rounded lo the nearest £. The financial slalemenls have been pfftpared under the historical cost convention, Imodified to include the revaluation of freehold properties ancl lo include investment propertl&S and certain financial Instruments al fair valuel. The principal accounting policies adopted are 8el out below. 1.2 Golng concem Al the lime ol approving the financial slalemenls, the Iruslees have a reasonable expectation that the charity h8s adequate resources to continue in operation81 existence for the forèseeable future. Thus the Irltee8 continue lo adopt the golng concern basls of accounting in preparing tho financial slalemenls. 1.3 Charltabl& funds Unreslricled funds are available lor use al the discretion of the Iruslees in furtherance of their charitable objecliv8S. Unreslriclod funds consist of donations and other incoming resources receivable or gen¢raled for the objecls of the charity wilhoul further specified purpose and are available as general funds. R&strlcled funds are lo be used for specific purposes as laid down by the donor. Expenditure which meets these crtleri8 is charged to the fund together wllh a fair allocation of management and support eosls. Endowment funds are sublecl to 8pe¢lfic conditions by donors that the capital musl be maintained by the charity. 1.4 Income Income Is recognlsed when the charity Is legally enlilled lo il after any pgrformance conditions have been mel, the amoun15 can be measured reliably, and il is prc*bable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recov&rable in relation lo donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation, Legacies are recognised on receipt or otherwise if the charity has been notified of an impending dislribulion, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a conlingenl asset.
MEANWHILE GARDENS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles {Continuedl 1.5 Exp8ndlture Expenditure is recognSsed once there Is a legal or constructive obligation lo transfer economlc benefit lo a third party, il is probsble that a transfer ol economic benefits will be required in selllemenl, and the amount ol the obligation can be measured reliably. Expenditure Is classified by aclivily, The costs of each activity are made up ol the 10181 of dir1 costs and shared costs, including support costs involved in undertaklng each aclivily. Direct costs allribulable to 8 single activity are allocated diraclly lo that aclivily. Shared costs which contribute lo more than one activity and support Costs which are not allribulable lo a single aclivily are apportioned between those activities on a basis consislenl with the use of resources. Central staff cosls are allocated on the basis of lime spent, and depreeialion charges are allocated on the portion ol the asset's Ljse. 1.6 Tanglble Ilxed assets Tangible ftxed assets are initially measured al cost and subsequenlly rneasured al cost or valuation, nel ol depreciation and any impairrnenl losses. Tangible fixed assets are slated at cost less deprecialion.Assels with 8 cost of £1,000 or more are capilalised. Depreciation is provided al rates calculated lo write off the cost le88 eslimaled re8idual valuo of each asset over Ils expected useful life, as follows.. P12yhul Skalebowl and Gardens Playgrounds Flxlures, fillings & equiprnenl 23 112 years over remainder of lease 10% pa slralghl line 25% pa slraighl Ilne The gain or loss arising on the disposal of an asset is determined as the difference belween the sale proceeds and the Carrying value of the asset. and is CoUn1Sed in the slalemenl of financial activities. 1.7 Impalrment of flxed assets Al each reporting end dale, the charfly reviews the carrying amounts of ils lan9ible assets lo determine whether there is any indication that those assets have SLtffered an impairment loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order lo detem)ine the exlenl of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents Inciude cash in hand. deposits held 81 call with banks, other short-lerm liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowings in current liabilities. 1.9 Flnanclal Instrumanls The charity has elected lo apply the provisions ol SecliDn 11 'Basic Financial Inslrumenls, and Section 12 'Olher Financial Instruments Issu8s' of FRS 102 to all ol ils financial instruments. Financial instruments are recognlsed in the charity's balance Sheet when the charity becomes party lo the contractual provisions of the inslrumenl. Financial assets and liabili118s are offset, with the nel amounts presented in Ihg financial slalernenls, when there Is a legally enforcaable right lo set off the recognised amounts and there is an intention lo sellle on a nel basis or lo realise the asset and sellle the Ilabilily simultaneously. 12
MEANWHILE GARDENS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountlng policips (Continued) Basic financlal assets Basic financial assets, which Include debtors and cash and bank balances, are initially measured al transaction price induding transaction costs and are subsequently carried al amorlised cost using the effective interest method unless the arrangement Conslilules a financing Iransaclion, where the transaction is measured 21 the present value of the lulure receipts discounted at a market rale of interest. Financial assets classified as receivable wlhin one year are not amortised. Baslc financffal Ilabilllles Basic financlal liabilities, including creditors and bank loans are initially recogniged al transaction price unles5 the arrangement conslilules a financing Iransaclion, where the debt instrument is measured al the present value ol the future paym&nls discounted al a mark81 rale of interest. Financial liabilities classrfied as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effecb've interest rale method. Tiade creditors are obligations to pay for goods or servlces that have been acquired in the ordinay course ol operations from suppliers. Amounts payable are classifi&d as Current liabilities if paym&nl is due within one year or less. 11 not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and SubSUnIIY measured al amortised cost using the effective interest method. 1.10 Employee benefits The cost ol any unused holiday enliuemenl is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably commilled lo lerminale the employment of an employee or lo provide lerminalion benefits. 1.11 Volunteers No monetary value has been placed on the services of volunteers. Crltlcal accountlng estlmates and judgement5 In the application of the charity's accounting policies, the Iruslees are required to make judgements, eslimales and assumptions about the carrylng amount of assets and liabililles that are not readily apparent from other sources. The eslimales and assocbaled assumptions arè based on historical experl&nce and other laclors that are consldered lo be relevant. Actual results may differ from these esllmales. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are recognised in the perlod in which the estimate is revised where the revision affects (lY that perlod, or in the period ol the revision and lulure periods where the revision affects both current and future periods. Income from donatlons and legacles Unrestrlcted Unrostricted funds funds 2024 2023 Donations and 91ft3 Grants 97,716 81,000 36,327 81,000 178,716 117,327 13-
MEANWHILE GARDENS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Income from donatlons and legacles Icontlnuedl Income from charitable acllvltlas Unrèstrlct8d Restrlcted funds funds 2024 2024 Total Unrestrlcled Reslrlctgd funds funds 2023 2023 Total 2024 2023 Sale of goods Performance related grants 12.255 12,255 40,246 40,246 93,243 93.243 127,483 127,483 12,255 93,243 105,498 40,246 127,483 167,729 Income from Investments Vnrgstricled Unrestiicted funds funds 2024 2023 Interest receivable 736 315 14
MEANWHILE GARDENS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 6 Charitable activities Charitable expenditure 2023 2024 Staff costs Depreciation and impairment Charitable expenditur8 heading 1 158,013 6,939 27,903 162,680 7,585 11,247 192.855 181,512 Share of support cos15 Isee note 71 Share of governan costs (see note 71 118,806 78,554 2,500 309,661 260,566 Analysis by fund Unreslricled funds Reslricled funds 159,848 149.813 131,150 129,416 309,661 260,568 For lh& y&ar ended 31 March 2023 Unrestricted funds Reslricled funds 131.150 129,416 260,566 Support costs Support Govgrnance ¢o$ts costs 2024 2023 Adminislralion Awmmodalion costs 112,139 112,139 50.770 25,784 Ac¢ounlancy 2.500 2,500 2,500 112,139 2,500 114,639 79,054 Analysed between Charitable 8clivllies 116,8C 2,500 119,306 79,053 15-
MEANWHILE GARDENS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement In funds 2024 2023 The nel movement in funds is staled after chargingllcreditingl.. Fees payable for the independent &xaminatlon ol the charity's financial slalemenls Depr8ciallon of owned tangible fix assets 2.500 6,939 2.500 7.585 Trustees None ol the trusloes lor any persons connected with them) received any remuneration during the year. 10 Employees The average monthly number of employees during the year was.. 5 2024 Number 2023 Number Project workers 10 Employmgnt costs 2024 2023 Wages and salaries 158,012 162.680 There were no employ&68 whose annual remuneration was more than £60,000. 11 Taxation As a registered charity the association is normally exempl from laxalion under S466 10 493 of CTA 2010. 16-
MEANWHILE GARDENS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tanglble flxèd assets Playhutskatebowl and Playgrounds Gardens Flxtures. iittlng5 & qulptnent Total Cost Al 1 April 2023 163,076 977.700 38,828 68,953 1,248,557 Al 31 March 2024 163,076 977,700 38,828 88,953 1.248.557 Dopreclatlon and Impalrment Al 1 April 2023 Depreciation Charged in the year 152,654 6,939 977.700 38,828 68,952 1.238,134 6,939 Al 31 March 2024 159.593 977,700 38,828 68,952 1.245,073 Carrylng amount Al 31 March 2024 3,483 3,484 Al 31 March 2023 10,422 647 11,069 Meanwhile Gardens occupy land on 8 25 year lease from the Royal Borough of Kensington and Ghelsea at a peppercorn rent. The lease was signed on 1$1 O¢lober 1999 and with effect from that dale. They also have a tenancy at will on the buildings. All Ihg costs of the works. which were completed in 2001. are being depreciated over the remainder of the lease whlch is 23.5 years. 13 Debtors 2024 2023 Amounts falllng due wlthln one year.. Trade debtors Prep8ymenls and accrued Income 21,659 36,314 629 21,659 36,943 14 Crèditors: amounts falling wlthln one year 2024 2023 Notes Other laxalion and 80cial security Deferred income Accruals 5,956 23,349 5.471 6,721 12,160 3,170 15 34,776 22,051
MEANWHILE GARDENS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Deferred Income 2024 2023 Arising from government grants Other deferred income 905 11.255 12,160 Deferred income 18 included In the financial slalements as follows.. 2024 2023 Deferred income is included within.. Current liabilities 12,160 16 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subjg¢110 Specific conditions by donors and grantors as lo how they may b6 used. These Include designated funds which have bean s818side out of unrestricted funds by the Irusl8es for specific purposes. At 1 Aprll 2023 Incoming resources Resources expended Trdnsfers Al 31 March 2024 General funds 62,954 191.707 {159,8481 118.2411 76,572 Prevlous year: At 1 Aprll 2022 Incoming resourc8s Resources expended Transfgrs At 31 March 2023 General funds 36,216 157.888 1131,1501 62,954 17 Analysls Of n&t assets between funds Unrèstrlcted R8Strlcted funds funds 2024 2024 Total Totsl 2024 2023 Fund balances al 31 March 2024 are represented by.. Tangible assols Curronl ass8lsllliabililiesl 3,484 73,088 3,484 73,088 11,069 90,214 76.572 76,572 101,283 18-
MEANWHILE GARDENS COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 1B Related party transactions There were no dl8closabl8 related party transactions during the year {2023 - none).