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 fO￿ard 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¢knO￿edge 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 Irl￿tee8
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 dir￿1 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 SubS￿U￿nIIY 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).