2023-01-31-accounts - Plants and Minds

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Trustees			James Robinson	(Chair)
			June Perryman
			Vic Williams
			Catherine Hosier
			Keilah Towers (Treasurer)
			Deborah Jarmey			(Appointed	1 February 2023)
			Caroline Darby Jenkins			(Appointed	1 February 2023)
Senior Management		Team	Tish Borrowman	- Project Manager Cherry Tree Nursery
			Andrew Verreck	—Project Manager Chestnut		Nursery
Patrons			Bill Bailey
			Mrs A Pitt-Rivers
			Katie Cox
			Norman Aish
Secretary			Susan Cheeseman
Registered	numbers		Charity number			900325
			Company number			2449757
Principal address			Cherry Tree Nursery
			Off New Road Roundabout
			No rthbourne
			Bourn cmouth
			Dorset
			BH10 7DA
Registered	office		Cherry Tree Nursery
			Off New Road Roundabout
			Northbourne
			Bournemouth
			Dorset
			BH10 7DA
Auditors			Warner Wilde Limited
			4 Marigold Drive
			Bisley
			Surrey
			United Kingdom
			GU24 9SF
Bankers			CAF Bank Limited, West Mailing,		Kent
			Barclays Bank Pic, Castlepoint,		Bournemouth
			Barclays Bank Pic, Poole
			Cambridge and	Counties Bank
			Redwood Bank
			Monmouthshire	Building Society
			United Trust Bank

				Page
Trustees'	report
Independent examiner's			report
Statement	offinancial	activities		7-8
Balance sheet
Notes to	the financial	statements		11-24

Current financial year
		Unrestricted	Unrestricted	Restricted	Total	Total
		funds	funds	funds
		general	Designated
		2023	2023	2023	2023	2022
	Notes	R	R	K
Income and endowments	from
Donations and legacies		44,518		21,389	65,907	45,928
Charitable activities
Cherry Tree Nursery		423,116			423,116	386,443
Chestnut Nursery		262,959			262,959	289,478
Investments		3,002			3,002	1,697
Other income						833
Total income		733,595		21,389	754,984	724,379
Ex enditure on:
Raising funds		1,911			1,911	843
Charitable activities
Cherry Tree Nursery		441,102	71	62,662	503,835	434,302
Chestnut Nursery		288,111	9,422	28,346	325,879	295,803
Total charitable expenditure		729,213	9,493	91,008	829,714	730,105
Total expenditure		731,124	9,493	91,008	831,625	730,948
Net income/(expenditure)	for the year/
Net movement in funds		2,471	(9,493)	(69,619)	(76,641)	(6,569)
Net income/(expenditure)	for the year/
Net movement in funds		2,471	(9,493)	(69,619)	(76,641)	(6,569)
Fund balances at 1 February 2022		382,879	207,627	887,084	1,477,590	1,484,159
Fund balances at 31January 2023		385,350	198,134	817,465	1,400,949	1,477,590

Prior financial year
			Unrestricted	Unrestricted	Restricted	Total
			funds	funds	funds
			general	Designated
			2022	2022	2022	2022
		Notes	F	K	f	F
Income and endowments	from:
Donations and legacies			39,470		6,458	45,928
Charitable activities
Cherry Tree Nursery			373,863		12,580	386,443
Chestnut Nursery			289,478			289,478
Investments			1,697			1,697
Other income			833			833
Total income			705,341		19,038	724,379
Ex enditure on:
Raising funds			843			843
Charitable activities
Cherry Tree Nursery			378,394	74	55,834	434,302
Chestnut Nursery			258,668	9,433	27,702	295,803
Total charitable expenditure			637,062	9,507	83,536	730,105
Total expenditure			637,905	9,507	83,536	730,948
Net income/(expenditure)	for the year/
Net movement in funds			67,436	(9,507)	(64,498)	(6,569)
Fund balances at 1 February 2021			315,443	217,134	951,582	1,484,159
Fund balances at 31January 2022			382,879	207,627	887,084	1,477,590

				2023		2022
			Notes
Fixed assets
Tangible assets			12		974,602		1,041,165
Current assets
Stocks			13	138,015		103,138
Debtors			14	27,637		18,060
Cash at bank and in		hand		314,956		373,403
				480,608		494,601
Creditors:	amounts	falling due within
one year				(54,261)		(58,176)
Net current	assets				426,347		436,425
Total assets less current liabilities					1,400,949		1,477,590
Income funds
Restricted	funds		18		817,465		887,084
Unrestricted	funds
Designated	funds		20	198,134		207,627
General unrestiicted		funds		385,350		382,879
					583,484		590,506
					1,400,949		1,477,590

				2023		2022
			Notes
Cash flows from operating		activities
Cash (absorbed by)/generated		from	22
operations					(45,779)		60,290
Investing	activities
Purchase	oftangible fixed assets			(15,670)		(14,171)
Proceeds	on disposal oftangible fixed
assets						844
Investment	income received			3,002		1,697
Net cash	used in investing	activities			(12,668)		(11,630)
Net cash	used in financing	activities
Net (decrease)/increase in		cash and cash
equivalents					(58,447)		48,660
Cash and	cash equivalents at beginning		ofyear		373,403		324,743
Cash and	cash equivalents	at end of	year		314,956		373,403

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			general			general
			2023	2023	2023f	2022	2022	2022
Donations and gifts			43,827	8,404	52,231	35,467	6,408	41,875
Legacies receivable						3		3
Grants receivable				12,985	12,985	4,000	50	4,050
Donated goods and
services			691		691
			44,518	21,389	65,907	39,470	6,458	45,928
Donations	and gifts
Broadstone	Golf	Club		2,772	2,772
Mr and Mrs	M Clifford		2,100		2,100
Bournemouth	Free
Church			4,000		4,000	4,000		4,000
The Holdenhurst		Charity	1,500		1,500	1,500		1,500
Smaller donations
including gift aid			36,227	5,632	41,859	29,967	3,408	33,375
JP Morgan							3,000	3,000
			43,827	8,404	52,231	35,467	6,408	41,875


Donations and legacies					(Continued)
Grants receivable for
core activities
ESFACommunity
Training Grant	11,885	11,885
Other	1,100	1,100	4,000	50	4,050
	12,985	12,985	4,000	50	4,050

		Cherry Tree	Chestnut	Total	Cherry Tree	Chestnut	Total
		Nursery	Nursery	2023	Nursery	Nursery	2022
		2023	2023		2022	2022
Sales within charitable
activities		394,592	248,874	643,466	368,260	274,158	642,418
Services provided
under contract		4,000	14,085	I8,085	4,000	14,140	18,140
Fundraising		24,524		24,524	1,233	1,030	2,263
Other income					12,950	150	13,100
		423,116	262,959	686,075	386,443	289,478	675,921
Analysis by fund
Unrestricted	funds-
general		423,116	262,959	686,0?5	373,863	289,478	663,341
Restricted funds					12,580		12,580

		Unrestricted	Unrestricted
		funds	funds
		general	general
		2023	2022
Interest	receivable	3,002	1,697

							Unrestricted
							funds
							general
							2022f
Net	gain	on	disposal	oftangible	fixed	assets	833

			Unrestricted	Unrestricted
			funds	funds
			general	general
			2023	2022
Fundraisin	and	ublici
Seeking donations,		grants and legacies	1,911	843
			1,911	843

				Cherry Tree	Chestnut	Total	Cherry Tree	Chestnut	Total
				Nursery	Nursery	2023	Nursery	Nursery	2022
				2023	2023		2022	2022
						f	f	E
Staff costs				213,868	160,012	373,880	190,270	125,959	316,229
Depreciation		and
impairment				45,046	37,185	82,231	42,825	36,954	79,779
Nursery cost		ofsales		160,701	98,995	259,696	126,963	105,476	232,439
Promotional		expenses		3,055	691	3,746	2,666	79	2,745
Open day	expenses			18		18
Nursery maintenance				10,782	5,408	16,190	11,240	5,811	17,051
Protective	clothing			230	54	284	165	233	398
Rent				219	1,883	2,102		1,889	1,889
Water rates				9,215	2,002	11,217	6,354	1,477	7,831
Volunteer's	welfare			3,819	695	4,514	2,064	1,017	3,081
Volunteer's	advice			10,034		10,034	10,009	25	10,034
Outings and		social events		2,298	249	2,547	2,006	224	2,230
Travel and	subsistence			3,285	1,652	4,937	2,764	1,051	3,815
Volunteer	training			9,865		9,865	5,831		5,831
				472,435	308,826	781,261	403,157	280,195	683,352
Share ofsupport costs
(see note	9)			29,350	17,053	46,403	29,881	14,977	44,858
Share ofgovernance			costs
(see note	9)			2,050		2,050	1,264	631	1,895
				503,835	325,879	829,714	434,302	295,803	730,105
Analysis	by	fund
Unrestricted		funds—
general				441,102	288,111	729,213	378,394	258,668	637,062
Unrestricted		funds—
Designated				71	9,422	9,493	74	9,433	9,507
Restricted	funds			62,662	28,346	91,008	55,834	27,702	83,536
				503,835	325,879	829,714	434,302	295,803	730,105

Support costs
		Support	Governance	2023	2022	Basis of
		costs	costs			allocation
		F
Accountancy fees		1,172		1,172	1,908	2:1 CT:CN
Light, heat and cleaning		9,200		9,200	7,570	Actual cost
Motor expenses		3,896		3,896	6,196	Actual cost
Telephone and fax		2,323		2,323	2,263	Actual cost
Printing, postage 8 stationery		8,050		8,050	8,310	Actual cost
Bank charges		7,874		7,874	7,337	Actual cost
Insurance		12,429		12,429	10,929	Actual cost
Sundry		1,459		1,459	345	Actual cost
Independent Examination	fees		2,050	2,050	1,895	Governance
		46,403	2,050	48,453	46,753
Analysed between
Charitabie activities		46,403	2,050	48,453	46,753

The average monthly number ofemployees during t	he year was:
	2023	2022
	Number	Number
Total number ofposts	18	17
Employment costs	2023	2022f
Wages and salaries	342,666	288,363
Social security costs	23,042	20,392
Other pension costs	8,172	7,474
	373,880	316,229

Tangible fixe	d asset	s
			Land and	Office Motor vehicles		Total
			buildings	equipment and
				furnituref
Cost
At 1 February	2022		1,628,953	98,692	21,174	1,748,819
Additions			2,264	13,406		15,670
At 31January	2023		1,631,217	112,098	21,174	1,764,489
Depreciation	and impairment
At 1 February	2022		623,684	62,796	21,174	707,654
Depreciation	charged	in the year	69,658	12,575		82,233
At 31 January	2023		693,342	75,371	21,174	789,887
Carrying amount
At 31 January	2023		937,875	36,727		974,602
At 31January2022			1,005,269	35,896		1,041,165

13	Stocks
								2023 K	2022f
	Finished	goods	and goods for resale					138,015	103,138
14	Debtors
								2023	2022
	Amounts	falling due within		one year:
	Trade debtors								6,257
	Other debtors							16,064	2,948
	Prepayments and accrued income							11,573	8,855
								27,637	18,060
15	Creditors: amounts falling			due within one year
								2023	2022
							Notes
	Other taxation		and social security					5,915	8,499
	Deferred	income						9,229	9,439
	Trade creditors							27,923	28,574
	Other creditors								50
	Accruals							11,194	11,614
								54,261	58,176
16	Deferred	income
								2023	2022
	Other deferred		income					9,229	9,439
	Deferred	income is included		in the financial	statements	as follows:
								2023f	2022
	Deferred	income is included		within:
	Current	liabilities						9,229	9,439
	Movements in		the year:

Deferred	income				(Continued)
Deferred	income at	1 February 2022		9,439	5,725
Released	from previous		periods	(5,343)	(5,725)
Resources deferred		in	the year	5,133	9,439
Deferred	income at	31	January 2023		9,439

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22	Cash generated from	operations	operations				2023	2022
							E	f,
	Deficit for the year						(76,641)	(6,569)
	Adjustments for:
	investment income recognised		in statement		offinancial	activities	(3,002)	(1,697)
	Gain on disposal oftangible fixed assets							(833)
	Depreciation and impairment oftangible			fixed assets			82,231	79,768
	Movements in working	capital:
	(Increase) in stocks						(34,877)	(26,737)
	(Increase)/decrease in	debtors					(9,577)	18,314
	(Decrease) in creditors						(3,703)	(5,670)
	(Decrease)/increase in	deferred	income				(210)	3,714
	Cash {absorbed by)/generated		from operations				(45,779)	60,290
23	Analysis ofchanges in net funds
	The charitable company	had no	debt during		the year.