##
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|ENTS|||
|---|---|---|
|||Pages|
|Board ofTrustees'
Annual
Report|||
|Objectives|and Activities||
|Achievements
and Performance|||
|Plans for Future Periods||10|
|Financial
Review|||
|Structure,|Governance
and Management|13|
|Reference|and Administrative
Details|17|
|Independent|Auditor's
Report tothe Trustees and Members|18|
|Consolidated|Statement ofFinancial Activities|21|
|Consolidated|and Charity Balance Sheets|22|
|Consolidated|Cash Flow Statement|23|
|Notes tothe|Financial Statements|24|
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||||Notes|Unrestricted|Restricted|Total Funds|Tota I Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|||
|||||2020|2020|2020|2019|
|income from||||||||
|Donations,
membership|and|legacies||11237/ 228||11237/ 228|1/ 217/463|
|Charitable
activities||||162/079|196,871|358,95o|590,285|
|Other trading
activities||||97/005||97/005|161,543|
|Investments||||8,653||8,653|1/137|
|Other income||||36,663||36,663|35/102|
|Total||||1,541,628|196/871|1,738,499|2/005/530|
|Expenditure||||||||
|Raising funds||||6s4,4ss||6s4,4ss|645,711|
|Charitable
activities||||996,001|175/749|1/171/750|1,408,124|
|Total||||1650 456|175/749|1,826,2os|2,o53,835|
|Net Income/(Expenditure)||||(1o8,828)|21/122|(87,7o6)|(48,3o5)|
|Transfers between funds||||28 041|(28,o41)|||
|Net movement
in funds||||(So,787)|(6,g1g)|(87,7o6)|(48,3o5)|
|Net gains on investments|||12|79/573||79/573||
|||||(1,214)|(6,g1g)|(8,133)|(48,3o5)|
|Actuarial
gains/(losses)|on|defined||||||
|benefit pension schemes|||17|(S47,46S)||(S47,46S)|(17o,244)|
|||||(S48,679)|(6,g1g)|(555,598)|(218,54g)|
|Reconciliation offunds||||||||
|Total funds brought forward||||37,75o|118,959|156,709|375,258|
|Total funds carried forward|||18|(510929)|112040|(398,88g)|156709|
##
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|||||||||
|---|---|---|---|---|---|---|---|
|AS AT 3 I DECE|MBE|R 2020||||Company|Number
02I88402|
|||||Group||Charity||
|||||2020|201.9|2020|2019|
||||Notes||f|||
|Fixed assets||||||||
|Tangible fixed assets||||119/574|2/001|»9/574|2/001|
|Investments|||12|1,375,280||1,375,289||
|||||1,494,854|2/001|1/494/863|2/010|
|Current assets||||||||
|Debtors|||13|131/547|129/144|156,576|134,960|
|Cash at bank and|in hand|||509/319|2,355,283|482,959|2,346,051|
|||||64o,866||639,535|2,481,011|
|Creditors:
Amounts||falling||||||
|due within one year|||14|(398,442)|(395/345)|(397/120)|(391,938)|
|Net current assets||||242,424|2,o8g,o82|242/415|2,089,073|
|Tota Iassets less|current|||||||
|liabilities||||1,737,278|2,091,083|1,737,278|2/091/083|
|Creditors:
Amounts||falling||||||
|due after more than one year|||16|(38,881)|(41,893)|(38,881)|(41,893)|
|Provisions for liabilities||||||||
||||17|(2,097,286)|(1,892,481)|(2,097,286)|(1,892,481)|
|Net assets||||(3g8,88g)|156/709|(398/88g)|156709|
|Reserves|||18|||||
|Restricted funds||||112/040|118,959|112/040|118959|
|Unrestricted
funds:||||||||
|-designated
fund|||||120/000||120,000|
|-other charitable|funds|||(510/929)|(82,25o)|(510/929)|(82,25o)|
|||||(3g8,88g)|156,709|(398,889)|156709|
##
##
|||||2020|2019|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operating
activities||||||
|Net cash provided
by operating
activities|||19|(426,o51)|(116,g88)|
|Cash flows from investing|activities|||||
|Interest income||||8,653|1i137|
|Proceeds ofassets held for sale|||||2,362,500|
|Purchase oftangible fixed|assets|||(132,859)||
|Proceeds from sale ofinvestments||||894,611||
|Purchase ofinvestments||||(2,1go,318)||
|||||(1i419'913)|2,363,637|
|Cash flows from financing|activities:|||||
|Repayments
ofborrowing|||||(358,o74)|
||||||(358,o74)|
|Change
in cash and cash equivalents||in the year||(3.,845,964)|1,888,575|
|Cash and cash equivalents|atthe beginning
ofyear|||2,355,283|466,7o8|
|Cash and cash equivalents|atthe end ofthe year|||509'319|2,355,283|
|Analysis ofcash and cash equivalents||||31 December|31 December|
|||||2020|2019|
|Cash and cash equivalents|atthe end|ofthe year||509'319|2,355,283|
|The notes on pages 24to 3g form part ofthese financial|||statements.|||
##
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|annually.
They
are amended|annually.
They
are amended|when|when|when||necessary|necessary|to reflect
current|to reflect
current|estimates,|based|on technological||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|advancement,
future investments,||||economic utilisation|||||and the physical condition ofthe assets. See note|||||
|11for the carrying amount ofthe|||fixed|||assets, and note|||1(g)forthe|useful economic lives for each class of||||
|assets.||||||||||||||
|Net income/(expenditure)||for||the||year:||||||2020|2019|
|This isstated after charging:||||||||||||||
|Depreciation
on owned tangible fixed|||||||assets|||||15,286|13,616|
|Operating
lease rentals —Plant||||and||machinery||||||4,116|Si410|
|Interest payable
on bank|loans|||and||overdrafts|||||||8,g67|
|Auditors'
remuneration|||-|audit||services||(Charity: z8,293)||||8,2g3|8,855|
|Income from Donations,|Membership||||||and Legacies|||||||
|||||||||||||Total|Total|
|||||||||Unrestricted||Restricted||Funds|Funds|
||||||||||Funds|Funds||2020|2019|
|Donations
and gifts|||||||||202,690|||202,6go|139,844|
|Legacies|||||||||296,245|||296,245|395i140|
|Membership|||||||||588,521|||588,521|567,798|
|Gift aid recovery|||||||||149i772|||149i772|114,681|
||||||||||1,237,228|||1,237,228|1217,463|
|Income from Charitable|Activities|||||||||||||
|||||||||||||Total|Total|
|||||||||Unrestricted||Restricted||Funds|Funds|
||||||||||Funds|Funds||2020|2019|
|Fees for gardening
projects|||||||||69,514|||69,514|186,411|
|Government
and public|authority||||payments||||92,565|6o,ooo||152,565|233,627|
|Charitable
grants||||||||||136I871||1361871|168,344|
|Admissions|||||||||||||1igo3|
||||||||||162,079|196871||358,95o|590,285|
##
##
||Income from Other|Income from Other|Trading Activities|Trading Activities|||||
|---|---|---|---|---|---|---|---|---|
||||||||Total|Total|
||||||Unrestricted|Restricted|Funds|Funds|
||||||Funds|Funds|2020|2019|
||Income from trading||activities||89,7SS||89,7SS|62,288|
||Rental income|||||||99/255|
||Sponsorship||||7/25o||7/250||
||||||97/005||97(«5|I543|
|6.|Expenditure|on Raising Funds|||||||
||||||Activities|Support|Total|Total|
||||||undertaken|COStS|Funds|Funds|
||||||directly|(Note 8)|2020|2019|
||||||f|E||f|
||- Membership||||262,234|150,78g|413/o23|388,974|
||—Fundraising|and publicity|||94,366|90/757|185/123|219/123|
||-Other trading activities||||32/470|23,839|56,309|37,614|
||||||389/070|265 385|6s4,4ss|645/711|
||Expenditure|on Charitable||Activities|||||
||||||Activities|Support|Total Funds|Total Funds|
||||||undertaken|costs|2020|2019|
||||||directly|(Note 8)|||
||||||f|E|||
||- Education|and training|||451,969|10g,758|561,727|839,641|
||- Heritage Seed Library||||285,262|56 154|341/416|244/»7|
||- Research||||74,116|8,602|82,718|61,590|
||-Ryton Gardens||||155,718|30/171|185/889|262,766|
||||||967,06S|204/685|1/171/750|1I408I124|
##
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##
|8.|Analysis of|Support|Support|Costs||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Governance|IT&|Premises|Total|Total|
||||||&Finance|Human||Support|Support|
|||||||Resources||costs|costs|
|||||||||2020|201.9|
||- Membership||||125/111|16,g48|8,73o|15o,78g|14o,836|
||- Fundraising|and publicity|||82,155|4/237|4,365|90/757|132/112|
||-Other trading||activities||15(237|4/237|4,365|23,839|19,484|
||- Education|and|training||28,74o|63,558|17,460|109758|185,58g|
||—Heritage Seed||Library||4/413|21,186|30(555|56 154|67,038|
||- Research|||||4/237|4,365|8,6o2|14(377|
||- Ryton Gardens|||||12/711|17,460|30/171|36,796|
||||||255,656|127/114|87/300|470/070|596/232|
||Basis ofApportionment|||ofSupport Costs||||||
##
##
|Analysis ofTrustee and|Staff Remune|ration||||
|---|---|---|---|---|---|
|||||2020|2019|
|The aggregate
payroll|costs were:|||||
|Wages and salaries||||885,g8o|971(132|
|Social security costs||||67,o47|73,63o|
|Employer's
contribution|to defined contribution||pension scheme|531001|61,653|
|Operating
costs ofdefined benefit pension scheme||||75,699|70,146|
|||||1081727|1176561|
|The average number of|staff employed|by the|group during the financial year amounted to:|||
|||||No.|No.|
|Total number ofstaff:||||||
|Raising Funds||||3||
|Charitable
Activities||||27|27|
|Support Staff||||14|18|
|||||44|46|
##
##
##
##
|||||Notes|Unrestricted|Restricted
Funds|Total Funds|
|---|---|---|---|---|---|---|---|
||||||Funds|||
||||||2019|201.9|2019|
||||||f|f||
|Income from||||||||
|Donations,
membership|||and||1/217/402|61|1,217463|
|legacies||||||||
|Charitable
Activities|||||382,967|207/318|590,»5|
|Other trading|activities||||161,543||163.,543|
|Investments|||||1/137||1/137|
|Other income|||||35/102||35/102|
|Total|||||1/798/ 151|207/379|2/005/530|
|Expenditure||||||||
|Raising funds|||||645,711||645,711|
|Charitable
activities|||||1,193,783|214/341|1,408,124|
|Total|||||1.,839,494|214/341|2,o53,835|
|Net Income/(Expenditure)|||||(41/343)|(6,962)|(48,3o5)|
|Transfers between||funds|||55/075|(55,o75)||
|Net movement|in funds||||13/732|(62,o37)|(48,3o5)|
|Actuarial
gains/(losses)|||on defined|||||
|benefit pension|schemes|||17|(170,244)||(17o,244)|
||||||(156,512)|(621037)|(218549)|
|Reconciliation|offunds|||||||
|Total funds brought||forward|||194/262|180,996|375,258|
|Total funds carried||forward||18|37/750|118/959|156709|
##
##
|Tangible Fixed Assets|Tangible Fixed Assets|||||
|---|---|---|---|---|---|
|||||Fixtures
& Fittings||
|||||Ik||
|||||Total||
|Group and Charity||||||
|Cost orValuation||||||
|At 1January 2o2o||||100(517||
|Additions||||132,859||
|Disposals||||||
|At 31December 2020||||233,376||
|Depreciation||||||
|At 1January 2o2o||||(g8,516)||
|Depreciation
charge||||(15,286)||
|Disposals||||||
|At 31December 2o2o||||(113,8o2)||
|Net BookValue||||||
|31 December 2o2o||||»9I574||
|31December 2019||||21001||
|Investments||||||
|||||2020|2019|
|Investments
managed||by Investment|Manager||f|
|Market Value||||||
|At 1January 2o2o||||||
|Additions||||2I190I318||
|Disposals at opening|market value|||(894,611)||
|||||1I295I707||
|Realised and unrealised||profit on investments||79I573||
|At 31December 2020||||1375 28o||
##
##
|Fixed asset investment|Fixed asset investment|split||
|---|---|---|---|
|Equities|||638,692|
|Fixed Interest —UK|||1521812|
|Property|||33I751|
|Alternatives|||105r907|
|Sterling
Liquidity|Funds||4»1773|
||||1i352i935|
|Cash held by Investment||Manager|22I345|
||||1,375,280|
||||||||Market|Value||%of|Portfolio|
|---|---|---|---|---|---|---|---|---|---|---|---|
|ASI Ethical Corp BD||||UK Corporate||Bonds|82,632||||6 11%|
|ASI Standard|Liquidity|Sterling|Fund|Liquidity|Fund||424773||||31.17%|
|Investments|in Group Undertakings|||||||||||
|||||||||Group||Charity||
||||||||2020||2019|2020|2019|
||||||||f|||||
|Shares in group undertakings||||||||||||
##
##
##
|The results for|this subsidiary
were as follows:|||
|---|---|---|---|
|||2020|2019|
|Profit and Loss account||||
|Turnover||20,444|7I059|
|Cost ofsales||(2,o52)|(3I327)|
|Gross profit/(loss)||18I392|3I732|
|Other income||5o,82o|155I135|
|Administrative|and other expenses|(25I730)|(116,928)|
|Net profit prior|to gift aid tothe Charity|43,482|41I939|
|Investments
in group undertakings|comprise:|
|---|---|
|Organic Enterprises
Limited||
|Garden Organic Limited||
|Debtors|||||
|---|---|---|---|---|
||Group||Charity||
||2020|201.9|2020|2019|
|Trade debtors|79,6o3|68,717|64,312|51I740|
|Amount
owed from group undertakings|||4OI320|22I793|
|Otherdebtors|39I324|31,o82|39I324|31,082|
|Prepayments|121620|29I345|12,62o|29I345|
||131I547|1291144|156576|134960|
##
##
|Creditor|s: amounts
falling due within one ye|ar||||
|---|---|---|---|---|---|
|||Group||Charity||
|||2020|2019|2020|2019|
|Trade creditors||6o,682|82,863|59,758|82,839|
|Amount|owed to group undertakings|||||
|Other taxation and social security||29/603|32/526|29/603|30/341|
|Other creditors||17,782|17/933|17,782|17/933|
|Accruals|and deFerred income (note 15)|290/375|262,o23|289,975|260/823|
|||39 /44|395/345|397/»0|391,938|
|Deferred|income|||||
|Deferred|income at 1January 2020|274,596||||
|Released|during year|(498,753)||||
|Deferred|in 2o2o|499/432||||
##
|||||Group||Charity||
|---|---|---|---|---|---|---|---|
|||||2020|2019|2020|2019|
||||||||f|
||Deferred income due||within one year|236,394|232/7o3|236,394|232/703|
||Deferred income due||after more than one year|38,881|41,893|38/881|41,893|
|||||275/275|274,596|275/275|274,596|
|16.|Creditors: amounts|falling due after more than one year||||||
|||||Group||Charity||
|||||2020|2019|2020|2019|
||Accruals and deferred||income (note 15)|38,881|41,893|38,881|41,893|
|||||38,881|41893|38,881|42 893|
##
##
##
##
|The total cost recognised
in|the period was as follows:|||
|---|---|---|---|
|||2020|2019|
|Contributions
paid||116,361|1o1I557|
|Net interest||(4o,662)|(31,411)|
|Recognised
in net income/expenditure||75,699|7o,146|
|Orphan
settlement
payment|on segregation|302,000||
|Pension shortfall||245,465|17oi244|
|Recognised
in other gains/losses||547,465|170I244|
|Total cost recognised||623,164|240'390|
|Amounts
recognised
in the|balance sheet are as follows:|||
|||2020|201.9|
|Market value ofassets held|at 1September|1,905,000||
|Liabilities to members at 1September||(4,o4o,ooo)||
|Contributions
paid||37I714||
|Net present value offuture|contributions||(1,892,481)|
|Deficit||(2,og7,286)|(1,892I481)|
##
##
##
|The principal actuarial a|ssumptions
used were as follows:||
|---|---|---|
|||2020|
|Discount rate||o.690pa|
|RPI inflation||3.3%pa|
|CPI inflation||2.59'0 pa|
|Revaluation
ofdeferred|pensions|2.5%pa|
|Pension increases —post|1g88 GMP|2.2%pa|
|Pension increases —1997-2005pension||2.5%pa|
|Pension increases-post|2oos|2.o%pa|
##
##
|Reserves|||||||||
|---|---|---|---|---|---|---|---|---|
|||||Designated|Other||Restricted|Total|
|||||Fund|charitable||Funds|Funds|
||||||funds||(note 21)||
|Fund balances at31December|||2019|120,000|(82/250)||118959|156,709|
|Surplus/(deficit)
for|year||||(S48,679)||(6,g1g)|(sss,s98)|
|Transfer to/(from) designated||fund||(120,000)|120IOOO||||
|Fund balances at31December|||2o2o||(510i929)||112I040|(398'889)|
|Reconciliation ofnet income/expenditure||||to net cash flow from operating|||activities||
||||||||2020|2019|
|||||||||f|
|Net income for reporting
period|||(as per the|statement
offinancial activities)|||(8,133)|(48,305)|
|Adjustments
for:|||||||||
|Depreciation|||||||15 286|13 616|
|Profit on sale oftangible fixed||assets||||||(13,726)|
|Gains on investments|||||||(79'573)||
|Interest received|||||||(8,653)|(1137)|
|Decrease/(increase)|in stock|||||||1I934|
|Decrease/(increase)|in debtors||||||(2,4o3)|86,33o|
|Increase/(decrease)|in creditors||||||85|(124,290)|
|Increase/(decrease)|in defined|benefit pension scheme liability|||||||
|(excluding
actuarial|gains/losses)||||||(342,66o)|(31,411)|
|Net cash provided
by operating|||activities||||(426,o51)|(116,g88)|
|Restricted funds —current year||||Balance at|Movement|in Resources||Balance at|
##
##
||||1January|1January|&|||31 December|31 December|
|---|---|---|---|---|---|---|---|---|---|
||||2020||Transfers|||2020||
|Projects:||||||||||
|Social Therapeutic
Horticulture|||12,767||||(2,878)|g,88g||
|Children
in Need|||12/092||16,136||(7,536)|20,692||
|Online Training
National|Pilot||39/900||||(34,871)|5/029||
|Cumbria
Master Composter|||13/594||36,000||(27,715)|21,879||
|Cambridge
Home Composting||||125|||(125)|||
|Growing
Communities|||40,481||120/735||(114,176)|47/040||
|Edible Gardens|||||24/000||(16,48g)|7/511||
|Total restricted funds|||118959||196871||(203/790)|112I040||
|Restricted funds —prior|year||Balance at||Movement|in|Resources|Balance at||
||||1January|||&||31December||
||||201.9||Transfers|||201.9||
|Projects:||||||||||
|Growing for Health|||||||(4,778)|||
|Move More, Eat Well||||10,849|19,598||(30/447)|||
|Growing
Enterprise||||4,817|(4,817)|||||
|Food Growing
in Schools|—London|||6,305|10||(6,315)|||
|Project Learning
Garden||||6,215|(soo)||(s,71s)|||
|Social Therapeutic
Horticulture|||||15464||(2,697)|12/767||
|Tackling Re-offending||||15/011|||(15,011)|||
|Children
in Need||||5,831|16,016||(9,7ss)|12,092||
|Towards
Nature|with|Mutual||||||||
|Understanding||||52|1,706||(1,758)|||
|Ryton Gardens Improvements||||5,962|(s,g62)|||||
|Thyme ToBe||||1,16o|(1,16o)|||||
|Online Training
National|Pilot|||S4,8So|||(w,gso)|39/900||
|Southwark
Master Gardener||||27,769|||(27,769)|||
|Cumbria
Master Composter||||9/935|36,000||(32/341)|13/594||
|Cambridge
Home Composting||||2,436|||(2,311)||125|
|Growing
Communities||||25,026|131/024||(115,569)|4o,481||
|Total restricted funds|||f180/996||&207/379||(f269,416)|F118,959||
##
##
##
##
##
##
##
##
|Southwark
Master Gardener|—A Master Gardener/Food
Buddy programme|—A Master Gardener/Food
Buddy programme|—A Master Gardener/Food
Buddy programme|which|engages
with residents ofthe|engages
with residents ofthe|
|---|---|---|---|---|---|---|
|London borough ofSouthwark to support food at home or in community|||gardens.||Target beneficiaries|are those|
|on low incomes/at
risk offood poverty or who have been food bank users.|||||||
|Analysis ofnet assets between funds|||||||
||Unrestricted|Restricted|||Total|Total|
||Funds|Funds|||Funds|Funds|
||||||2020|2019|
|Fund balances at 31December 2o2o|||||||
|are represented
by:|||||||
|Tangible fixed assets|119/574||||»9/574|2,001|
|Investments|1/375/280||||1,375,280||
|Current assets|528,826|1121040|||64o,866|2,484,427|
|Current
liabilities|(398,442)||||(398,442)|(395/345)|
|Creditors amount
falling due|after||||||
|more than one year|(38,881)||||(38/881)|(41,893)|
|Provisions for liabilities|(2,og7,286)||||(2,og7,286)|(1,892,481)|
|Total net assets|(510/929)|112/040|||(3g8,88g)|156709|
|At 31December 2o2o the total f
leases are as follows:|uture
minimum
lease payments
for the Gr|oup under non-cancella|ble
operating|
|---|---|---|---|
|||2020|2019|
|Expiry:||||
|Within one year||4,»6|4/»6|
|Between one and five years||2/734|6,861|
|||6,85o|10/977|
|Capital commitments||||
|There were capital commitments|ofanil (2o1g:anil) atthe year end.|||
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