#
##
##
|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|
##
##
##
##
||||||||Total|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|
##
##
|9|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:|||||||
##
##
##
|16|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|
##
##
||||(U
I0||N
N
Cl|4I||lA
CO
O|(A
CO|O
CD
lA||M
(DN0|IVeOC
IV
IV
m|NN
&N
G
IV||0
CO
N|O
CD
lA
CD||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||CL|||||||
||||0
(0
0~
N|N
C0C
LL|N
O|4l||CO
CO
(A
CO
00|CO
lA
lA|00O
CO
00||CL
O
06
CL
N|VI
QIO
i
0
Vl
QI|C
(L
e|44||||
||||||N
O|||CO
O|I|(O
ON||ID(0
(U
M|CV
QIOC(5
IV
m|fN
IV NO
~ N
Xh
(L||O
N|lA
N
IA
CIN|CO
O|
||||(U
IDC
6&|N
~
LL|NN||||CD
CO
N
CO
CO|||Vl
'(0
4
(0|VI
QI
Cl
0
VI
QI
(L|'Cl
QI
CL
X|||||
||||lU
I-||N
C)|4l||N
O
CO
CD|CON|CD
CD
O
Cl||Or
(0
0|IV
alVL
IV
IV
m|P~
eNO
~ N
VI
lL|ca4|CO
N|00
lA||
||||O
0
L|N
'UIr||||CO
(O
CO|(D
CD
O|||(0.(0
N
CU
Q)|||||||
||||NO|||||||||M|||||||
||||CL|||||||||Q)|||||||
||||||C0|4l||P)|I|||(U|||||||
|||||||||CO|||||||||||
|||||||||CD||||0|||||||
|||||||||||||M|||||||
|O
LLIDZI-R0|||Gl
(U
Ql
U|N
~
r
LL|N
CON|||I|O
P)
(A
CO|||(D
(U
CD
Vl|||||||
|O|||||||||||||||||||
|||||||||||||CD|||||||
|lOI-R
ILI|o||||||(0
6)
N|||||C:
5
0|||||||
||||||||CL|||||(0|||||||
|Ill||Nr|||||(0|||||(0|||||||
|CO||r
(0e|||||(U
N
CI|||||0|||||||
|||||||||||||L|||||||
|||||||||||||(U|||||||
|OX
K|a
Ci|ID
S)
Ne
N
M
(U|||||(U
CO
GJ||N
(U
(U||M
"(0|0
(0
0
M||||CU
CL
CU
(U ~
CL
po
(0
N|||
|UJ
I-0I-
V)
LLII-0K|LLI
LLI
4.0|(Ur
0
N
M
(U|||||N
0
(U
(U
(0
LL|N
Q)
V)
Vl
'CD
C
(UI-|M
(U
(0
N
(U
2
O||'a
Ql
(U
p
N
Ql
CI|4—
(U
E00r
(0
I-||||Z
I-
L
6)
0|(0
N
N
Ql
0||
##
##
##
|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.||||