Charity registratlon number 900325
Company roglstration number 2449757 (England and Wales)
PLANTS AND MINDS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY2024

PLANTSAND MINDS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
James Robinson (Chair)
Vic Williams
Keilah Towers ffreasurer)
Deborah Jamiey
Caroline Darby Jenkins
(Appolnted 1 February 2023}
(Appointed 1 February 2023)
Senlor Management Team
Sandi Marshall - Project Manager Chery Tree Nursery
Andrew Verr6ck- Project Manager Chestnut Nursery
Patrons
Bill Bailey
Mrs A Pitt-Rivers
Katie Cox
Norman Aish
Registered numbers
Charity number
Company number
900325
2449757
Principal address
Cherry Tree Nursery
Off New Road Roundabout
Northboume
Bournemouth
Dorset
BH10 7DA
Registered office
Cherry Tree Nursery
Off New Road Roundabout
Northboume
Boumemouth
Dorset
BH10 7DA
Independent Examiners
Wamer Wilde Limited
4 Marigold Drive
Bisley
Surrey
United Kingdom
GU24 9SF
Bankers
CAF Bank Limited. West Malling, Kent
Barclays Bank Plc, Casttepoinl, Boumemouth
Lloyds Bank PIG, Poole
Cambridge and Counties Bank
Redwood Bank
Monmouthshire Building Society
United Trust Bank

PLANTS AND MINDS
CONTENTS
Page
Trustees, report
Independenl examinevs report
Statement of financial activities
Balance sheet
Notes to the financial statements
10-23

PLANTS AND MINDS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY 2024
The trustees present their annual report and financial statements for the year ended 31 January 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial ststemenls and comply wilh the charitable company's goveming document. the Companies Act 2006
and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance wilh the Financial Reporting Stsndard applicable in the UK and Republic
of Ireland (FRS 102). {effective 1 January 2019).
Objectlves and activities
The objectives of the charity are:
to offer a sheltered Workpla￿ relating to horticulture and use of the land to those suffering mental
illness. providing a place for relief and rehabilitation. education and devélopmenL
The charity's Wision. Mission and Values are set out below.
VEslon
A community where mental health does not define us.
Mission
We promote therapeutic horticulture as a basis to provide realistic work experience in a non-pressured
environment, allowing those struggling with their mental health the opportunity to flourish.
Value5
Welcoming - our community is always pleased to see its members
Listening
we make time to listen to each other's problems. stories and successes,. peer support is
invaluable and is encouraged and facilitated
Compasslonate and non-judgemental - we respecl everyone and see the person behind the
diagnosis
Practical - we provide and share skills and advice that can be used in everyday lrfe
Diversity and inclus5vity - everyone is treated equally and fairly. irrespective of their age, disability.
ethnicity, religion, gender and sexual orientation
Empowerment- all are encouraged and supported to fvlfil their potential
Activities
The main areas of charitable activity are the provision of Iwo sheltered workplaces, Cherry Tree Nursery and
Chestnut Nursery. as well as support, training and guidance for the Volunteers who attend.
The nurseries propagate and grow, as well as buying in plants for direct sale to the public and other
horticulturalists and the Volunteers are involved in all aspects of this.
Th8 Volunteers, who are the primary beneficiaries of the charity. are people wilh mental health illness
who are referred to the projocts by various sources including Dorset Healthcare University Foundation
Trust. GP'S. other agencies and self-referral. Ail services are provided fre8 of charge to the Volunteers.
The charity has developed and is implementing a three year Strategic Plan to enhance tts operations.
Public Beneflt
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public
benefil when reviewing the charity's aims and objectives and in planning its future activities.
There is increasing extemal evidenc8 of the benefils of horticulture therapy on wellbeing especially in the
treatment of menlal health.
Fri8nds of the charity
The charity is most grateful to all the people, known as 'Friends' of the charity who give their time on a voluntsry
basis to help with the activities of and fundraising for the Charity. 88 Friends contributed in this way during the
year and the charity could not so successfully provide all the services it does without them.

PLANTSAND MINDS
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY2024
Achievements and perft>rmance
During the course of the year, 118 Volunteers with mentsl health problems have attended and been supported by
Cherry Tree Nursery and 50 have attended and been supported by Chestnut Nursery. Our Volunteers are abl6 to
attend the nurseries for up to full days each week.
As predicted, the demand for our services has increased partly due to the Covid-19 pandemic but also due to the
increased demand for NHS mental health serVi￿S and the associated delays in accessing said treatments and
servi￿S. We have always been aware Ihat we plug a gap in NHS setvices and we are often the only option for
those who are not in NHS treatments. As a result, we are seeing new applicants who are very unwell, not as far
into their recovery joumey as we would have seen before and. as a result, need a huge amount of support,
compassion and undèrstsnding from us all. In order to widen our accessibility to Volunteers before they have
been able to access NHS specialist seNices. with the benefit of a Dorset NHS Trust grant administered by
Dorset Community Foundation, in 2024 we have started to form a ne￿Ork with other support organi5ations in the
area so that they are able to recommend our services to appropriate adults who are accessing their seNI￿s.
After many years with us, our manager at Chery Tree Nursery retired and we are very fortunate to have
appointed a new manager who brings a wealth of experience and enthusiasm to the role. Wo are extremely
grateful to both of our nursery managers and all our members of staff who have again risen to the challenges
thrown at them this year and demonstrated their commitment to our Volunteers and our charity.
Our Volunteers generally gain substantially in skills and confidence while they are with us.
Regular reviews of the Volunteers al 6 or 12 monthly intervals show improvements in motivation, confidence,
self-esteem, sense of belonging to a communFty, and gaining new skills. wilh a decrease in feelin9s of loneliness,
isolation and admission to psychiatric hospitals.
Treatment of mental health conditions such as anxiety and depression are becoming more peer-led in Ihe
community mental health teams in an effort to offer support and understsnding to those in mental distress and
we welcome this realisation of the value of peer support which is an importanl part of our ethos.
We hold many classes. events, trips and workshops throughout the year to broaden the life experiences offered
to our Volunteers including peer-led cookery and crafting sessions, days out to Kew Gardens and Boumemoulh
Beach Hut and. with the support of The Landmark Trust, a small group of our Volunteers were able to have a few
days. holiday in a historic building.
The RHS Level One course in Practical Horticulture which we have been delivering to some Volunteers on a
rolling programme. as a satellite of Kingston Maumard College in Dorchester. was completed during the year
with all students successfully completing their courses. This initiative allows volunteers the opportunity to obtain
this presligious qualification in situ at Chery Tree Nursery. We anticipate that these qualifications will lead to
improved work prospects in the open job market or fiJrther study. Either way, the successful students have
gained an accredited qualification that is widely respected throughout the horticullural industry and will have
greatly increased their own self confidence and self-esteem. This is eVIden￿d by a group of our Volunteers who,
after completing their Level 1 Course with us, chose independently to enrol at Kingston Maumard to continue
their studies and undertake the RHS Level 2 course.
SWOP actively seeks to break down the slareotypical ideas and stigma associated with a mental health
diagnosi5 by engaging with the local community and we are pleased to welcome school, industry and local
interost groups back to visit. Our Community Liaison Officer has continugd her outreach aGtivities in the year
which raises our profile in the local community. As part of this programme, we have changed the name of Ihe
charity in 2024 from °Sheltered Work Opportunities Projecr to °Plants and Minds" a name which we feel more
¢le8rly reflects our activities and ethos to our many st8keholders.
The pandemic increased the public's awareness of the solace of nature and the joy of gardening and we are
always plaas8d to welcome back old and new customers. Our beautiful tailor-rnade shop al Chestnut Nursery
has bean a great success as an inspiring place to work and to shop in and we have welcomed many new
customers for the high quality plants nurtured by our Volunteers. The predominanuy outdoor experience of
shopping at Cherry Tree Nursery suils many. but expansion and development ol the retail area Ihere is a project
on which we have made a stsrt in earfy 2024 by doubling the size of our retsil polytunn81, allowing us to display
many more of our plants in an environment protected from the weather.

PLANTSAND MINDS
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY2024
Financlal review
The policy of the charity's Trustees is to maintsin reserves at a leval which provides a cushion against any
downtum in funding in order to provide security for the charity's beneficiaries. The promotion of plant sales in
recent years has allowed the charity to become more self sufficient and less dependent on grant and donation
funding for its regular activities but this, in tum. means that sustainability is more affected by fiuctuations in
demand in the horticultural retail sector. Free reserves stood a little under £350,000 at the balance sheet date
which represent a little over 4 monlhs. total running costs for the charity and the Trustees consider this position to
be satisfactory.
Princlpal Funding Sources
Funding for the charity is provided by plant sales from the two nurseries, servica lèvel agreemants with the local
authority. fvndraising activities and legacies, grants and donations from individuals and organisations.
Fundraising activities have included events such as Great Garden Parties at both nurseries, the Great Duck
Race in Bournemouth Gardens, a Charity Golf Day hosted by Gordon Barker Sales and Lettings. Easter Bingo
as well as a Quiz Night. Cream Tea, Antiques Valuation Day and a Coffee Moming at Rick Stein. We also hosted
bucket collections, plant sales and presentations and we were chosen as charity of the year by the Femdown
Business NebNork, Leading Edge NeI￿OrkIng. Boumemouth and District Law Society and Christchurch Golf
Club.
The Trustees are grateful to all the individuals and organisations who have fijndraised and donated to the charity
and would especially like to thank:
Nomian and Jean Aish, Stephen Bailey. Aaron Barker, The Atice Ellen Cooper-Dean Charitable Foundation, Blue
Pebble Monday. Bournemouth AFC, Bournemoulh Free Church, Bournemouth North Rotary, Christchurch Golf
Club, Mlke and Tina Clifford. Eastcliff Rotsry, Femdown Business Network, Femdown & Parfey Rotary, The
Holdenhurst Chariiy. Arthur and Doreen King, The Leading Edge Business Nelwork. Moose Intemational. JP
Morgan. Luke Piper, Poulner Players. Barclays Tony Raybould. Stanbridge Mill, Peter Stockwell-Jones. Stefan
Tariska.
Investment Policy
The charity aims to maintain a prudent amount of free reserves each year and sufficient working capital to
support a seasonal trade. Having considered the long-temi investments options available. the Board of Trustees
has opted for a low-risk investment policy and decided to maintain investrnents in a variety of deposit accounts
with UK banks and building societies which are each covered by FSCS guaraniees. Investment policies are
reviewed on an ongoing basis.
Risk management
The Board of Trustees has conducted a review of the major risks to which the charity is exposed. A Risk Register
has been established and is updated at least annually. Where approprtate. systems and procedures have been
established and are updated at least annually to mitigate the risks the charity faces.

PLANTS AND MINDS
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY2024
Structure, governance and management
The organisation is a charitable company limited by guarantee, incorporated on 6 December 1989 and registered
as a charity on 12 February 1990. The company was established under a Memorandum of Association which
established the objectives and powers of the charitable company and is govemed under its Articles of
Association. The charitable company changed its name on l May 2024 from Sheltered Wort( Opportunities
Project to Plants and Minds.
In the event of tha company being wound up. members arè required to contribute an amount not exceeding
£1.00.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the date of signature of the financial statements were:
James Robinson (Chair)
June Perryman
Vic Williams
Catherine Hosier
Keilah Towers (Treasurer)
Deborah Jarmey
Caroline Darby Jenkins
(Resigned 6 July 2023)
(Resigned 2 April 20241
(Appointed 1 Febmary 2023)
(Appointed 1 February 2023)
The directors of the company are also the Charity Trustees for the purposes of charity law and under the
companls Articles are known as members of the Board of Trustees.
Trustee Selection Methods
A range of business and mental health skills are well represented on the Board of Trustees. In an effort to
maintain this broad skill mix, members are requested to provide a list of their skills and update it each year. In the
event of partiGular skills being lost due to retirement, individuals are approached to offer themselves for election
onlo the Board of Trustees. Under the requirements of the Memorandum and Articles of Association. the
members of the Board of Trustees are elected to serve for a period of a year after which they must be reelected
at Ihe next Annual General Meeting.
Organisational Structure
The Board of Truslees nomially meet quartedy with a pre-planned agenda and receives management accounts,
a written and verbal report from both nursery managers and a financial risk and funding overview, to enable it to
make decisions. Plants and Minds, two nursery managers report to the Board of Trustees. The power to make
day-to-day decisions is vested in th8 two managers and they hold meeting with Volunteers at least monthly to
ensure Volunteers are involved in appropriate decision making
Trustee Induction and Training
Most Trustees are already familiar with the practical work of the charity, having been encouraged to follow closely
the actimties of the project. New Trustees are encouraged to attend the projects to observe the dey-to-day
operation lo familiarise themselves wilh th8 charity and the context in which it operates. These visits are led by
the Chairman of the Trustees and facilitated by the project managers.
Infomiation provided to new Trustees includes..
The obligations of Ihe Board of Trustees
The main documents setting out our operational framework including the Memorandum and Articles of
Association.
Our Mission and Vision
Resourcing and the current financial position as set out in the latest published accounts.
Our Strategic Objectives.
The Charity Commission's guide °The Essential Tnjstee.

PLANTS AND MINDS
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY2024
Related and affiliated organisations
Plants and Minds is not connected with any other charity or company but does work closely with a number of
different organisations.
The trustees, report was approved by the Board of Trustees.
ames Roblnson (Chair)
Trustee
Dated: ..l.O
1:1120&*

PLANTS AND MINDS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PLANTS AND MINDS
I report to the trustees on my examination of the financial statements of Plants and Minds (the charitable
company) for the year ended 31 January 2024.
Responsibilities and basis of report
As the trustees of the charitable company (and also its directors for the PLtrposes of company law) you are
responsible for the preparation of the financial statements in accordan￿ with the requirements of the
Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charitable company are not required to be audited
under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of the charitable company s financial statements carried out under section 145 of the Charities Act
2011 (the 2011 Act). In carying oul my examination I have followed all the applicable Directions given by the
Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examSner's statement
Since the charitable companWs gross income ex￿eded £250.000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examinalion because l am a
member of the Association of Chartered Certtfied Accountants, which is one of Ihe listed bodies.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any matertal respect..
accounting records were not kept in respect of the charitable company as required by section 386 of the
2006 Act" or
the financial statements do not accord with those records. or
the financial ststemenls do not comply wilh the accounting requirements of section 396 of Ihe 2006 Act
other than any requirement Ihat the accounts give a true and fair view which is not a matter considered as
part of an independent examination" or
the financial statements have not been prepared in accordance with the melhods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
I have no conc8ms and have com8 across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial statements to
be reached.
FJ Wilde FCCA DChA
Warner Wilde Limited
4 Marigold Drive
Bisley
Surrey
GU24 9SF
United Kingdom
IL JJ IoL+

PLANTS AND MINDS
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUAR Y 2024
Current financial year
Unr8strlcted Unrèstrieted
funds
funds
general designated
2024
2024
Restricted
fvnds
Total
Total
2024
2024
2023
Notes
Income from:
Donations and legacies
Charitable Activities
44,634
795,663
16,541
5,158
61,175
800,821
65,907
686,075
Investments
7,359
7.359
3,002
Total Income
847.656
21,699
869.355
754,984
Expenditure on:
Raising funds
Charitable Activities
2,413
871.974
2,413
984.108
1.911
829,714
9.427
102,707
Net expenditure
(26,731)
19.427)
{81.008)
(117,166)
(76,641)
Transfers between funds
(11.506)
11,506
Net movement in funds
(38,237)
2.079
(81,008)
(117.166)
(76.6411
Reconciliation of funds:
Fund balan￿S at 1 February 2023
385,350
198,134
817,465
1,400,949
1.477.590
Fund balances at 31 January 2024
347.113
200,213
736.457
1,283,783
1.400,949
The statement of financial activilies includes all gains and losses recognised in the year. All income and expenditure
derive from wntinuing activities.

PLANTS AND MINDS
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY2024
Prior financial year
Unrestricted Unrestricted
funds
funds
general designated
2023
2023
Restrlcted
funds
Total
2023
2023
Notes
Income fmm:
Donations and legacies
Charitable activities
Charitable Activities
Investments
44,518
21,389
65,907
686,075
3.002
686,075
3,002
Total income
733.595
21,389
754,984
Expenditure on:
Raising funds
Charitable Activities
1.911
729,213
1,911
829,714
9,493
91,008
Net incomel(expenditure} and movement in funds
2,471
(9,493)
(69.619)
(76,641)
Reconciliation of funds:
Fund balances at 1 February 2022
382,879
207,627
887,084
1.477.590
Fund balances at 31 January 2023
385,350
198.134
817,465
1,400.949

PLANTS AND MINDS
BALANCE SHEET
AS AT31 JANUARY2024
2024
2023
Notes
Fixed assets
Tangible assets
12
908.866
974,602
Current assets
Stocks
Debtors
Cash at bank and in hand
13
14
129,787
28.705
309,650
138,015
27.637
314.956
468,142
480,608
Creditors: amounts falling due within
one year
15
93,225
54,261
Net current assets
374.917
426.347
Total assots less current liabilities
1.283,783
1,400,949
The funds of the charitable company
Restricted income funds
Unrestricted funds - general
Unrestricted funds - designated
19
736.457
347,113
200,213
817,465
385,350
198,134
18
1,283,783
1,400,949
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006. for the year ended 31 January 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordan￿ with section 476.
These financial statements have been prepared in accordano with the provisions applicable to companiès subject
to the small companies regime.
The financial statemonts were approved by the trustees on ..
es Robinson (Chair)
Trustse
Company registration number 2449757 (England and Wales)

PLANTS AND MINDS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY2024
Accounllng pollcies
Charity inforniatlon
Plants and Minds is a private company limited by guaranl6e incorporated in England and Wales. The
registered office is Cherry Tree Nursery, Off New Road Roundabout, Northboume, Boumemouth, Dorset,
BH10 7DA.
1.1 Accounting convention
The financial statements have b8en prepared in aGcordance with the charitable companWs goveming
document, the Companies Act 2006. FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland" (°FRS 102.) and the Charities SORP 'Accounting and Reporting by Charities= Ststement
of ReGommended Praclice applicable to charities preparing their accounts in accordance wilh the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). The
charitable company is a Public Benefit Enlity as defined by FRS 102.
The financial ststements are prepared in sterling. which is the functional currency of the charitable Gompany.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the
charitable company has adequate resources to continue in operational existence for the foreseeable future.
Thus the trustees continue to adopt the going Con￿rn basis of accounting in preparing the financial
statetnents.
1.3 Charitable funds
Unrestricted funds ara available for uso at the discretion of the trustees in furtherance of their charitable
objectives.
Designated funds compiise tunds which havo been set aside at the discretion of the trustees for specific
purposes. Th8 purposes and uses of the designated funds are set out in the notes to the financial statements.
Resthcted ftjnds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the rastricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capFtal must b6 maintained by thè
charitable company.
1.4 Income
Income is recogniséd when the charitable company is legally entitlèd to it after any perfomance conditions
have been met, the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has
been notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of
the donation.
L8gacias are re¢ognised on receipt or otherwise rf the charitable company has been notified of an impending
distribution. the amount is known, and re￿Ipt is expected. If the amount is not known, the legacy is treated as
a contingent asset
10-

PLANTS AND MINDS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
Accounting policies
(Continued)
Gifts in kind donated to the charity for Its own use are included in the Statement of Financial Activities at their
fair value at the point of donations. Donated services and facililies are only included rf the charity would
otherwise have had to purchase them and the benefit can be measured reliably. The value is the estimated
value to the ch8rtty of the seNice or facility received.
1.5 Expenditure
Expenditure is recognised once there is a legal or constnjctive obligation to make a payment to a third paty, tt
is probably that settlement will be required and the amount of the obligation can be measured reliably.
Support costs are those functions that assist the work of the charity but do not directty undertake charitable
activities. Support costs include ofTice costs and govemance costs. Support cosls are allocated between the
charitsble activities on an actual basis where that can be detemiined. othernise split proportionately behveen
the two nurseries.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases=
Land and buildings
Office equipment and tumiture
Motor vehicles
10 years straight line or lease tem rf longer
3 to 10 years straight line.
3 years straight line.
The gain or loss arising on the disposal of an asset is determined as the differen￿ between the sale proceeds
and the carrying value of the asset, and is recognised in the ststemenl of financial activities.
1.7 Impalmient of fixed assets
At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to
determine whelher there is any indication thal those assets have suffered an impairment loss. If any such
indication exists. the reGoverable amount of the asset is estimated in order to determine the extent of the
impairment loss (rf any).
1.8 stocks
Stocks are stsled at the lower of cost and estimated selling pri￿ less costs to compl8te and sell. Cost
comprises direct materials and, where applicab18. direct labour costs and those overheads that have been
incurred in bringing the stocks to their presenl location and condition. Items held for distribution at no or
nominal consideration are measured at the lower of replacement cost and cosL
Net realisable value is the estimated selling pri￿ less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank ovardrafts are shown
within borrowings in current liabilities.
11

PLANTS AND MINDS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Accounting policles
(Continued)
1.10 Financlal instruments
The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable Company's balance sheet when the chaiitable company
becornes paty to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements. when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settte on a net
basis or to realise the asset and setue the liability simultaneously.
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are SLSbsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the fulure receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities dassified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as Gu￿ent liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade credilors are recognised inwtially at
transaction price and subsequently measured at amorlised cost using the effective interest method.
Derecognition of flnancial liabilities
Financial liabilities are derecognised when the charitable company's contractual obligations expire or are
discharged or cancelled.
1.11 Employee benefits
The cost of any unused holiday entsuement is recognised in the period in which the employee's services are
re￿ived.
Termination beneffts are recognised immediately as an expense when the charitable company is
demonstrably committed to temiinate the employment of an employee or to provide temiination benefits.
1.12 Retirement benefits
Payments to defined contribution retirem8nt benefil schemes are charged as an expense as they fall due.
12-

PLANTSAND MINDS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUAR Y 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated froml{absorbed by)
operations
23
4,539
{45.779)
Investing actlvities
Purchase of tangibla fixed assets
Investment income received
(17,201)
7.357
(15,670)
3,002
Net cash used in investing activities
{9,844)
(12,668}
Net cash used in financing activities
Net decrease in cash and cash equivalents
(5,305)
(58,447)
Cash and cash equivalents at beginning of year
314.956
373.403
Cash and cash equivalents al end of year
309,650
314,956
13-

PLANTSAND MINDS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Critical accounting estlmates and Judgements
In the application of the charitable company's accounting policies. the trustees are required to make
judgements. estimates and assumptions about the carrying amount of assets and liabilities that are nol readily
apparent from other sources. The estimates and associated assumptions are based on historical experience
and other factors that are considered to be relevant. Actual results may differ from these estimates.
The eslimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimates are recognised in the period in which the estimate is revised where the revision affeGt5 only Ihat
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Critical judgements
Stock
Stocks are valued at the lower of cost and net realisable value. Net realisable value includes. where
necessary, provisions for Ihe condition of plants. Calculation of these provisions requires judgements to be
made which includes estimating the future quality of the plants
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Grants receivable
Donated goods 8nd
serVI￿S
44,634
16,291
250
60.925
250
43,827
8,404
12.985
52,231
12,985
691
691
44,634
16,541
61.175
44.518
21,389
65,907
Donations and glfts
Cooper Dean Charitable
Foundaton
Broadstone Golf Club
Mr and Mrs M Clifford
Boumemouth Free
Church
The Holdenhurst Charity
Barclays Match Scheme
Smaller Donations
including Gift Ard
10.000
10.000
2,772
2,TT2
2.100
2.000
2,000
2.100
4,000
1.500
2,441
4.000
1,500
2,441
4.000
1.500
4,000
1.500
36,693
4,291
40,984
36.227
5,632
41,859
44.634
16.291
60,925
43,827
8,404
52,231
14-

PLANTS AND MINDS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Income from donations and legacies
(Continued)
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Grants receivable for core activities
ESFA Community
Training Grant
Olher
11,885
1.100
11,885
1.100
250
250
250
250
12,985
12,985
Income from charitable activities
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Charitable Actlvlties
Sale of goods
SeNices provided under
contract
Fundraising
Other income
739,338
739,338
643.466
643.466
18,085
37,373
867
18,085
37,373
6.025
18,085
24.524
18.085
24.524
5,158
795,663
5,158
800.821
686.075
686.075
Income from Investments
Unrestricted Unrestrlcted
funds
funds
2024
2023
Interest receivable
7.359
3,002
15-

PLANTS AND MINDS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Expenditure on raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraising and publicity
Seeking donations, grants and legacies
2.413
1,911
Expenditure on charitable activities
Charitable
Activities
2024
Charitable
Activities
2023
Direct costs
staff cosls
Depreciation and impairment
Nursery cost of sales
Promotional expenses
Open day expenses
Nursery maintenance
Protective dothing
Other Staff costs
Rent
Water rates
Volunteerfs welfare
Volunteerfs advi
Outings and social events
Travel and subsistence
Volunteer training
384,318
82,939
317,137
3.472
152
61.035
142
8.734
1,883
8,775
4,842
10,079
2,061
5,452
547
373,880
82,231
259,699
3,746
18
16,190
283
2,101
11,217
4,512
10,034
2.547
4,937
9,865
891,568
781,260
Sharn of support and governance costs {see note 8)
Support
Govemance
90,175
2,365
46.403
2.050
984,108
829.713
Analysis by fund
Unrestricted fiJnds- general
Unrestricted funds - designated
Restricted funds
871,974
9.427
102,707
729,213
9.493
91.007
984,108
829.713
16-

PLANTS AND MINDS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
Support costs allocated to activities
2024
2023
Staff costs
Accountancy fees
Light, heal and cleaning
Motor expenses
Equipment hire and rental
Printing. postsge and stationery
Telephone
Bank charges
Insurance
Sundry
Intsmet
Independent Examination fees
20,844
2,213
13.175
7,094
2,357
5,729
3.267
1,172
9,200
3,896
2,323
5,119
2,680
7,874
12,429
1,458
251
2.050
13,448
12.560
2,365
92.540
48.452
Analysed between:
Charitable Activities
92,540
48.453
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charitsble company during the year.
17-

PLANTS AND MINDS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
10 Employees
Number of employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Total number of posts
18
18
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
372,035
24,136
8,991
342,666
23,042
8,172
405.162
373.880
Remuneration of Key Management Personnel, including employerfs National Insurance and employerfs
pension contributions. totslled £72.647 (2023- £71.716).
There were no employees whose annual remuneration was £60,000 or more.
11 Taxation
The charity is exempt from taxation on its activities because all tts income is applied for charitable putposes.
12 Tangible fixed assets
Land and
Office
bulldingsequipmont and
fumlture
Motor
vehicles
Total
Cost
At 1 February 2023
Additions
1,631.217
11.506
112,098
5,695
21,174
1,764,489
17.201
At 31 Jar¢uary 2024
1,642,723
117,793
21.174 1.781.690
Depreciation and impainnent
At 1 February 2023
Depreciation charged in the year
693.342
69,094
75,370
13.844
21.174
789,886
82,938
At 31 January 2024
762,436
89.214
21,174
872.824
Carrying amount
At 31 January 2024
880.287
28,579
908,866
At 31 January 2023
937,875
36,727
974,602
18-

PLANTS AND MINDS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
12 Tanglble fixed assets
(Continued)
13 Stocks
2024
2023
Finished goods and goods for resale
129,787
138,015
14 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Other debtors
Prepaymenls and accrued income
8.578
8,564
11,563
16.064
11,573
28,705
27,637
15 Creditors: amounts falling due within one year
2024
2023
Notes
Other tsxation and social security
Deferred income
Trade creditors
Other creditors
Accruals
7,282
9,515
58,417
50
17,961
5.915
9.229
27,923
16
11,194
93,225
54.261
16 D8ferred incomo
2024
2023
Other deferred income
9,515
9.229
Deferred income is included in the financial statements as follows:
2024
2023
Deferred income is induded within:
Current liabilities
9.515
9.229
Movements in the year.
19-

PLANTS AND MINDS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
16 Deferred inGome
(Continued)
Deferred income at 1 February 2023
Released from previous periods
Resources deferred in the year
9,229
{9,229)
9.515
9,439
(5,343)
5,133
Defe￿ed income at 31 January 2024
9,515
9.229
17 Retirement benefit schemes
Defined contributlon schemes
The charitable company operates a defined contribution pension sGheme for all qualtfying employees. The
assets of the scheme are held separately from those of the charitable cx)mpany in an independently
administered fund.
The charity has established a Workpla￿ pension scheme with NEST. Employeas are invited to join and
ntributions are paid in accordance with rules goveming workplace pensions schemes.
18 Unrestricted funds - designated
These are unrestricted funds which are material to the charitable company's activilies. These include
designated funds which have been set aside out of unreslricted funds by the trustees for specific purposes.
At 1 February
2023
Resources
expended
Transfers At 31 January
2024
Chery Tree Nuf5ery: Capital
Chestnut Nursery: Capital
2,230
195,904
(120)
(9.307)
11.506
13.616
186.597
198,134
(9.427)
11.506
200.213
Previous year".
At 1 February
2022
Resources
expended
Transfers At 31 January
2023
Ch8rry Tre& Nursery: Capitsl
Chestnut Nursèry: Capital
2.302
205,325
(72)
(9,421)
2,230
195,904
207,627
(9.493)
198.134
-20-

PLANTS AND MINDS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
19 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 February
2023
Incoming
resources
Resources
expended
Transfers At 31 January
2024
Cherry Tree Nursery: Capital
Fund
Buildings and equipment funds
Nursery activities
Volunteer actwities
CAB Advisor
Chestnut Nursery= Capital Fund
Buildings and equipment funds
Nursery Maintenance
362,978
28,708
(17)
8,366
(45,589)
(6.381)
17
(10.507)
(250)
127.923)
{12,024)
{50)
1,136
(1,136)
318,525
23,543
2,352
5,447
250
3,306
414.180
3,250
4.550
(4.550)
390,807
276
13.600
50
817,465
21.699
(102,707)
736.457
Previous year:
At 1 February
2022
Incoming
resources
Resources
expended
Transfers At 31 January
2023
Chery Tree Nursery: Capital
Fund
Buildings and equipment funds
Nursery activities
Volunteer activities
CAB Advisor
Chestnut Nursery: Capital Fund
Buildings and equipment funds
Volunteer.activtlies
395.761
31.176
(17)
14.813
(44.972)
(2.449)
12,189
{4,012)
362,978
28,708
{17)
8,366
3,993
15,874
1.100
(14.144)
(1.100)
(27.763)
{247)
(333)
(8,177)
438,463
6,767
121
3,480
(3.480)
414,180
3,250
210
212
887,084
21.389
(91,008}
817.465
Capital funds represents the Net Book ValLte of fixed assets already purchased from restricted grants and
donations and does not reflect unspent funding.
21

PLANTS AND MINDS
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 JANUAR Y 2024
20 Analysis of net assets between funds
Unrestricted Unrestricted
funds
funds
general Designated
2024
2024
Restricted
funds
Total
2024
2024
Fund balances at 31 January 2024 are represented by..
Tangible assets
Current assetsl(liabilities)
200,213
708,653
27.804
908,866
374,917
347,113
347.113
200,213
736,457
1,283,783
Unrestricted Unrestricted
funds
funds
geneTal Designated
2023
2023
Restricted
funds
Total
2023
2023
Fund balances at 31 January 2023 are represented by:
Tangible assets
Cutrent assetsllliabilities)
198,134
776.468
40.997
974,602
426,347
385.350
385,350
198,134
817.465
1.400.949
21 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balan￿S of donations and grants which are
nol subject to specific conditions by donors and grantors as to how they may be used.
At 1 February
2023
Incoming
resources
Resources
expended
Transfers At 31 January
2024
General funds
385,350
847,656
{874.387)
(11,506)
347.113
Previous year:
At 1 February
2022
Incoming
resources
Resources
exponded
Transfers At 31 January
2023
General funds
382,879
733,595
{731.124)
385,350
22 Related party transactions
There were no disclosable related party transactions during the year (2023 - non8).
-22-