REGISTERED COMPANY NUMBER: N1621885 (Northern Ireland) REGISTERED CHARITY NUMBER: 100201 Report of theTrustees and UnAudited Financial Statements for the Year Ended 31 December 2024 for True Harvest Seeds M.B.McGrady & Co Chartered Accountants Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS
True Harvest Seeds Contents of the Financial Statements for the Year Ended 31 December 2024 Pgge Report of the Trustees 1 10 16 Independent Exgminer's Report 17 Statement of Fin#neial Activities 18 Balance Sheet 19 to 20 Lyotes to the Finaneial Statements 21 to 28
True Harvest Seeds Report of the Trustees for the Year Ended 31 December 2024 The trnstees who are also directors of the charity for the purposes of the Compani¢5 Act 2006, present their report with the finatkcial statements of the charity for Ihe year ended 31 December 2024. The ttvstees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Finamcial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfivES AND AcfiviTIES Purposes and aims Our charity's purposes as set out in the objects contsined in the company'5 memorandum of association. l) (a) Promote for the benefit of the community and future generations the conservation, protection and improvement of biodiversity through the provision of a bjtanical garden, a seed bank and repatriation of lost plant species, to protect endangered species in accordance with the Convention on International Trade in Endangered Species (CITES). (b) Source viable Irish native and naturalised seed. 2) Advance the education of the public so as to incre&8e their knowledge, understanding, appreciation and aWe¢s5 of.. a) vegetable and other appropriate seeds, Iheir value and the benefits arising from their conservation. b) the principles and pra¢tice of maintaining seed biodiversity and sustainable development. c} the design and application of se¢d conservation proje¢ts in the community. d) edueating trainers and teachers and developing training aids for schools lo tie in with their ¢urriculum' e) the benefits arising from th¢ maintenance of organic principles. 3) Provide and promote infomation and interPtive material about vegetable seeds. 4) Promote, foster and carry on study and research into th¢ prin¢iples and practice of 5e¢d saving and to publish the usefvl results of such research. We would like at this point to acknowledge and remember Gill Start who passed on 24th April 2024. Gill loved life and we miss her contribution in work but most of all her unwavering positive attitude and absolute love of life. Gill dotkated her funeral donation in lieu of flowers money to us. In her memory we bought a garden bench with a commemorative plaque.
True Haryest Seeds Report of the Trustees for the Year Ended 31 December 2024 ORIECTIVES AND ACTIVITIES Our main activities undertaken to further our aims MaintainiT]g and further development of headquarters at Kilclief Seed Centre we have had many challenges in ontinuing our conservation of Ireland's native-origin flora. The new year started as 2023 ended, with ongoittg communicalions with the planning department gardIng our planning pplication to build a purpose-built building to house works for True Harvest Seeds. The final substantiation document sent in July is in ANNEXE l of this document. It outlines the athivities that could be held at THS going forward. Administration of charitable duties was addressed with our accountant Jennifer of M¢Grady's. We were helped greaily with her suggestion to start and use an online version of Sage. Debbie had prior experience using Sage from 2008 and with Jennifer's help got the 2023 accounts and also the 2024 accounts up to date by end of July 2024. This will greatly reduce the yearly burden and also the accounts should be ready earlier in the year at a lesser cost. Continuing funding from the CRESI. Covid Recovery Employment Skills Initiative from the Department for Communities administered by Heritage Lottery Fund: In March, after a prolonged illness, our Marketing Coordinator resigned effective 12th April 2024. THS obtained extemal HR advice and joined the Federation of Small Businesses to ensure fairness throughout. We re-created the role under the title Marketing Officer and employed Emily Osbome starting 1st July. Emily had previous marketing experience and wished to expand her capabilities in a small organisation that would allow her to see and understand a greater overall picture of how marketing benefits and in what places, in temis of an organisation as a whole. Emily's achievements have been and continue to be an enornious benefit to the charity. We signed a contract to take us to the end of the CRESI nding. Emily stayed until 24th December 2024. We wish her every success in her new home and her career. and thank Emily for her hard work and lasting results for the charity. Unfortunately trustee Mike Thompson had to resign for personal busin¢ss commitments. Giving us 3 months notice, to 30th June 2024, was highly beneficial and to take his place Joanne Murray came on board. Mike handed over his responsibilities over this period making the Iransition as smooth as it could be. Mike's appointment terniinated on 8th July 2024. We would take this opportunity to thank Mike for the fabulous ach&evements throughout his 4 year tenure and wish him every success in his business ventures. Joanne joined THS officially on 4th April 2024. Joanne was instrumental in helping the charity advertise and recruit the new CRESI appointment. Joanne h&$ extensive teaching, HR and recruitment experience and brings naturally an enorn)ous amount of energy and enthusiasm. Joann¢ was also instNmental in the recruitment of Sebastian as Nursery Assistant via the Jobstart scheme. We We able to secure a 9 month placement for Sebastian stsrting 15th January 2024 and lasting until 23rd September, when he had secured a permanent job working on boats to service wind farnis. We were very pleased as this was ihe point of the Jobstsrt scheme. - Debbie continued as CEO conlribLtting vision throughout paid and voluntary hours much the same as previous years. She continued to lay the ground work for the imminent creation of a p¢rn?anent purpose-built seed bank for our island's flora through- Ongoing training with Clare lo look after Customers both in person and via the online shop. This include5 product development and population of items through continuing website development. Content is Carefully selected for the advancement of peopl¢, nature and sustainability, all proceeds go to keeping core costs m¢É and new projects emerging. Seed packing of all seed. Completion of training with Sebastian for the Nursery Assistant role and also external training. The training started with a power boat course that was to enable an island Seed Collection Project across the islands of Sirangford Lough. The Seed Collection Project had io remain on hold due to planning uncertainties, so Sebastian continued in the boat theme and received more training that would enable him to apply for jobs by the etkd of his time with THS. Ongoing training for all stsff - Overseeing and managing the HR for all stsff. Writing quotes for various seed requests, outings and training. Overseeing th¢ growing and harvesting, cleaning and storing of seed. Seed bank maintenance. Kilclief maintenance of machinery and equipment.
True Harvest Seeds Report of the Trustees ror the Year Ended 31 December 2024 OBJECflVES AND ACTIVITIES - Coordinating the work of our staff and volunteers, including training. Maintaining gov¢rnance issues. accounts and payroll. Assisted by Rebeca Knight Treasurer and a¢¢ountant Jennifer Murphy of McGradys Accountants. - Developing and looking after conservation projects. Making seed collections Debbie continues as a committee member of ENSPA and BNFC. "Worklng as CEO of THS is certainly challenging and at times tiring, but a lot can be said for living a life with an altruistic purpose, which seems to lend its own kind of energy to the project and of course attracts help from all kinds of very kind and wonderful people, to whom l am entirely grateful. The greatest lessons leamt by me as CEO in 2024 is that of time management. As & small and spe¢ialised charity, we have welcomed temporary stsff, who so often bring energy and ideas. They also require training and we are leaming how to manage that time commitment ID such a way that it benefits all." Debbie Joanne now provides management strUCre for the CRESI Marketing Coordinator post and Debbie provides the working environment. Trustee Katie has supported Joanne in this role as necessary. The Live Here Love Here (LHLH) subsidy to schwls and community groups for their wild flower 5¢ed purchases continues to be availed of. There are still funds available which are ¢arried fon¥ard to use in 2025. - The Google Not for Profits programme continues to provide SIO,OOOplmonth in free advertising and access to Google Workspace for document sharing and storage, how to best utilise these funds are under constant review. Our team of volunteers comprises Mike, Sue, Fergus, Marian and Philip. Each regularly and reliably brought and shared different skills and tslents. Mike our longest stsnding volunteer h&8 the greatest all round experience and handles seed collecting and cleaning with skill. Sue is our best plants, woman particularly skilled in nursery plant production. Fergus grows our vegetables, onions. shallots and garlic for dire¢t sale as well as tending the results of gemiination tests. He also helps greaily with harvesting. Marian is a proftssional herbalist and under her guidan¢e we have begun to develop our Medicinal plants capabilities. In spring Marian wrote a lJ)ok on herbal medicines for THS and on her instruction we started a medicinal section of the website. In the latter part of the year we applied for a grant to develop a community physic garden, designed by Marian and matntained by 811. L&st but by no means l¢&st Philip conlinues to help us with site maintenance. Looking after the grw cutting. hedge maintenance for site lines, composting and general upkeep. W¢ also welcome our SERC students volunteering, from their Duke of Edinburgh volunteering ranging fr)m diggtng, to seed collecting to washing pots for recycling, our students bring with them youthful energy and fun. We also welcome occasional volunteering activities from industry. In 2024 this came from CDE, a large engineering company https'.l/www.cdegroup.com/. A group joined us in June and helped us plant out MTaM, Lyme and Sand couch plants wlth the Strangford Lough and Le¢ale and Council partnershipj to help alleviate asta1 erosion at Tyrella beach. Report on the fulfilment of charity's purposes.. Purpose la.. Provision of a seed bank. The seed bank continues to be maintained by Debbie. Funded by voluntary hours and money generated by the online shop sales. As of December 2024 the Seed bank continues to maintain its collections. Purpose 14 2 (a) (b): To pmtect endangered species. We worked with DAERA and Karl Hamilton to locate and collect further Schedule 8 plant populations which live at Binevenagh. We attempted, yet again, collection of Saxifraga oppositifolia. We were expediently given permission by DAERA, but lo no avail, again. distance and availability of everyone to attend together was not su¢cessful. Despite this we will continue to try in 2025.
True Haryest Seeds Report of the Trustees for the Year Ended 31 December 2024 OWEcfivES AND AcfiviTIES The four Crambe maritima plants in the raised beds are now 3 in number however conditions during the year were such that none set flower so no seed could be collected. PurTx)se I b- Source viable Irish native seed. Contributions of Rhinanthus minor, yellow rattle were made lo THS by Michael and Rachel of Ardtole and also Greer and Maureen of Slievemoyle. Both generously allowed Debbi¢ and team to harvest yellow rattle free of charge and use it as a funding income for the Charity. Both sites are naturally occutting populations. - In August Debbie attended the LIFE of Machair project in Co Mayo, meeting with Caitriona and Mark who led a group lo learn how to make seed collections of native Marram and how to plant them out. Debbie spent 2 days with the team in person and the team can follow up with questions they later may have. Purpose 2.. Advance the education of the public. - Debbie continues to give talks and presentations. The website for SOS8 is kept up but was not added to in 2024, despit¢ the list for Schedule 8 plants increasing to include 121 species, up from 88 previously. Payment is still made for it to stay live using unreseryed funds raised by the shop. - Volunteers changed throughout 2024. - Our SERC students, led by Joanne and Joe. came from SERC Downpatrick campus, we are delighted and honoured to continue to host the students. Their volunteering gives THS a much needed work b(J)st every fortnight and gives the Sdents practical experience which adds to the quality of their portfolios. The students have helped with sowing seeds, plant care and site maintenance. The students can also now count volunteering hours to their Duke of Edinburgh portfolios. Everyone at THS have really taken to all of the students, we have got to know them as individuals, they brighten up our week and we very much appre¢iate their regular and valuable contribution. In March, as a continuation of our work with local Dublin artist Rachel Doolin. Rachel came lo visit THS. We discussed ideas for the project and fund raising options as partners with Rachel being the lead parther. YOLE can access a talk here.. httys.'Ilwww.racheldoolin.comldebbie-gillies We held one training day on "Seed Conservation Techniques" in August. edu¢ating 7 parti¢ipants. A great day w&8 had by all. In late August training was delivered to 10 participants of the above mentioned LIFE on Machair project. In early Septetnber we were delighted to receive the group from the GAIA Seed Training course, to our Kilclief site. Th¢ aim of their visit was lo demonstrate and infomj participants how we do what we do in tem)s of seed handling. Late September saw Debbie travel lo Glenveagh National Park in Donegal to deliver training to staff on making collections of woodland species on their site and investigate how to ww them on in their nursery. Purpose 2 (a): Vegetable and other appropriate seeds, their value and the benefits arising from their conservation- and (b) the principles and pra¢ti¢e of maintaining seed biodiversity and sustainabl¢ development. We continue to souree the best quality organic and often Demeter standard, open pollinated vegetable seed from reputable seed houses across Europe. For each variety we hold we give as much infonnation as we can on the webpage for each.
True Haryest Seeds Report of the Trustees or the Year Ended 31 December 2024 OBJEcfivES AND ACTIVITIES We stock seed that does well Ireland. With the invaluabl¢ help of volunt¢er Fergus, we continue to 0W out samp1¢5 of rnany of the seed lots, this helps us with descriptions, phoiographs and forn15 a large part of the gernlinalion testing that we do ourselves. By supplying only open pollinated varieties people are empowered to save their own seed and use them next se&80n. By actually doing the seed saving, people are learning how to manage seeds themselves. This h&8 many benefits and we are seeing the opening of various amateur seed saving and seed swap events across Ihe country. In an ever increasingly uncertain futsjre. seed knowledge is a vilal part of sustainability on any island. W¢ have added to our range with the help of volunteer Marian and her expertise on Medicinal plants and design of the new THS Community Physic Garden. From here we intend to provide natural remedies ond advice for the general public. Purpose 2 (c): Design and appli¢ation of seed conservation projects in the community, We continue to grow and supply grasses for the restoration of the fore dunes at Tryella beach for 2025. By using seed from our raised beds at Kil¢li¢f we continuing to miSh a Contract from Newry Moume and Down Council's Darren Rice. Our raised beds were originally populaled by previous collections made from the local area. On principle we believe that it is important to use local seed. To avoid inbreeding depression we made collections from several different locations over a 15 mile stretch of coast. Species are: Ammophila arenaria, Leymus arenarius and Elytrigia juncea. Marram, Lyme and Sand couch resp.. The contract wvers the period 2024 and 2025. the plants being availabl¢ for collection each spring. Debbi¢ and team will be helping plant out the plugs and pots. Planting took place in June 2024. Monitoring has shown very positive results. We continue to the same amount of plants for planting out in the f]nal planting of Phase I, due in 2025. We applied to LHLH for fvnding for the below projects:. l. Building the Physic Garden. 2. Instsllation of a Pond for Biodiversity. Neither attempts to secure funding were successful. Purpose 2 (e): Organic principles. We have maintained our organic status in cooperation with the Soil Association: I, Growing at Kil¢lief and 2. For selling bought in organic seed, {which we were already certified for). Debbie looks after inspections and certification. We have an onsite apiary run by Debbie in her Spa time which did greatly as51St in the pollination of the wild flowers throughout the year. Mark continues to help maintain the field's weeding by tractor. Debbie concentrates on site maintenance. using the tra¢tor. This year Sebastian helpa greatly with the removal of Schedule 9 weeds. Philip helped with putting out the bins, general tidiness. Cleaning of all facilities and maintenance of cleaning rolas and has tsk¢n over the maintenance of the site around the buildings, mowing, Cleaning, cutting back and general tidying which is much appreciated. Both Sebastian and Philip helped maintsin site visibility along the road which was vastly improved in spring time with the help of David Thompson who very kindly brought his hedging experience. knowledge and chainsaw over 2 days voluntarily. Purpose 3.. Provide and promote infomation and interpretive material about veg¢lable seeds.
True Harvest Seeds Report of the Trustees for the Year Ended 31 Deeember 2024 0EcrIVEs AND ACTIVITIES Maintenance and improvement of the websile. The declsion to wntinue, enhance, promote and incre&8e stork on the online shop has increased sales. providing our Cltstomers with greater choice and infom)ation in particular the new product ranges in Medicinal seed, plant food and cleaning materials. The idea is that everything you buy from THS is guaranteed to meet with organic and our own high standard of environmenlal princtples. This continues to provide unrestricted funds for the charity, which helps cover Core costs. With the shop expansion brough recognition that the old websit¢ was out of date and Emily took on the huge task of revamping the website. This in particular enables our website to function much more easily over mobile phones and tablets. It also ironed out several oyher practical problems with postage un¢l¢ar donationlsubscriptionlmembership options. Purpose 4.. Making our inforn]ation and knowledge available to the public. The collections are a source of native lrish-origin plant material and most are available to the public upon request. This is excepting the endang¢r¢d species which will require special permission to administer. Information about the collections is currently on the website. We published a list of collections from 2015 2018 on our website www.trueharvestseeds.org from data collected at the seed collections. Th¢ list is in need of updating to show new collections. We are still holding open our project lo put a dynamic database of the collections online. This is a matter for fijndraising either from core funding or raised. A dynamic database would enable easier updating of the online record and provide paid staff hours. Through our work we have gen¢rally raised public awareness of the plight of our native plants by engaging with botanists. land owners and volunteers while delivering training courses and open days. The work Emily did on the shop we hoped to pay dividends. She put up maTty gift ideas, combinations of gift sets and many items from Debbie's Farni marketed professionally and the proceeds divided equxlly between Debbie and the charity. The websites remain as shop.trueharvestseeds.org and the main conservation website trueharv¢stseeds.org. - THS had pemiission from DAERA for wildlife lic¢n¢es for endangered plants and pemission from NIEA for working on Areas of Special Scientific Interest (ASSIS). The monthly email newsletter also Saw regeneration from July by Emily.
True Harvest Seeds Report of the Trustees for the Year Ended 31 December 2024 OBJECTIVES AND ACTIVITIES Puryoses and aims Our charity's purposes as set out in the objects contained in th¢ company's memorandum of association. l) (a) Promote for the benefit of ihe wmmunity and future generations the conservation, protection and improvement of biodiversity through the provisTon of a botanical garden, a seed bank and repatriation of lost plant species, to protect endangered species in a¢¢ordance with the Convention on International Trade in Endangered Species (CITES). (b) Source vtable Irish native and naturdlised seed. 2) Advance the education of the publi¢ $0 as to increase their knowledge, understanding, apprIatiOn and awareness of: a) vegetable and other appropriate seeds, their value and the benefits arising from their ¢onservation' b) the principles and practice of maintaining seed biodiversity and sustainable development. c} the design and application of seed conservation projects in the community. d) educating trainers and teachers and developing training aids for sch¢)ols to tie in with th¢iT curriculum. e) the benefits arising from the maintenance of organic principles. 3) Provide and promote infomation and interpretive material about vegetable se¢ds. 4) Promote, foster and carry on study and research into the principles and practice of seed saving and to publish the use1 results of such reseah. We would like at this point to acknowledge and remember Gill Start who p&8sed on 24th April 2024. Gill loved life and we miss her contribution in work but most of all her unwavering positive attitude and absolute love of life. Gill donated her neral donation in lieu of flowers money to us. In her memory we bought a garden bench with a ommemoralive plaque. Our main activities undertaken to further all our aims Maintaining and further development of headquarter5 at Kilclief Seed Centre we have had many challenges in ontinuing our Conservation of Ireland's native-origin flora. The new year started as 2023 ended, with ongoing communications with the planning department regarding our planning application to build a putp)se-built building to house works for True Harvest Seeds. The final substantiation document sent in July is in ANNEXE l of this document. It outlines the activities that could be held at THS going fon¥8rd. Administration of charitable duties was addressed with our accountant Jennifer of McGrady's. We were helped greatly with her suggestion to stsrt and use an online version of Sage. Debbie had prior experience Ltsing Sage from 2008 and with Jennifer's help got the 2023 accounts and also the 2024 accounts up to date by end of July 2024. This will greatly redu¢e the yearly burden and also the accounls should be ready earlier in the year at a lesser cost. Continuing funding from the CRESI, Covid Recovery Employment Skills Inilative from the Department for Communities administered by Heritage Lottery Fund.. In mah, after a prolonged illness, our Marketing Coordinator resigned effective 12th April 2024. THS obtained external HR advice and joined the Federation of Small Businesses to ensure fairness throughout. We re-created the role under the title Marketing Officer and employed Emily Osborne starting 1st July. Emily had previous marketing experience and wished to expand her capabilities in a small organisalion that would allow her to see and understand a greater overall picture of how marketing benefits - and in what places, in tems of an organisation as a whole. Emily's achievements have been and continue to be an enornious benefit to the charity. We signed a contrad to take us to the end of the CRESI funding. Emily stayed until 24th December 2024, her reason for leaving was needing more time to move house. We wish her every succes5 in her new home and her are¢r, and thank Emily for her hard work and lasting results for the charity.
True Harvest Seeds Report of the Trustees for the Year Ended 31 December 2024 OBJEcfivES AND AcfiviTIES Unfortunately ttee Mike Thompson had to SIgn for personal bLtsiness commitments. Giving us 3 months notice, to 30th June 2024, was highly beneficial and to take his place Joknne mllay came on board. Mike handed over his responsibilities over this period making the transition as smooth as it could be. Mike's appointment tem]inated on 8th July 2024. We would take this opportunity to thank Mike for the fabulous achievements throughout his 4 year tenure and wish him every success in his business ventures. Joann¢ joined THS officially on 4ih April 2024. Joanne was instrumental in helping the charity advertise and recruit the new CRESI appointmenl. Joanne has extensive teachin& HR and recrnitment experience and brings naturally an enomous amount of energy and enthusiasm. Other employment: Joanne was also instnjmental in the recruitment of Sebastian as Nursery Assistant via the Jobstsrt scheme. We were able to secure a 9 month placement for Sebastian starting 15th January 2024 and lasting until 23rd Sepl, when he had secured a pemianent job working on boats lo service wind farn)s. We were very pleed a5 this was the point of the Jobsiart scheme. Debbie Continued as CEO contributing vision throughout paid and voluntary hour5 much the same as previous years. Continuing laying the ground work for the imminent creation of a pern]anent purpose-built seed bank for our island's flora through: Ongoing training with Clare to look after customers both in person and via the online shop. This includes product development and population of items through continuing w¢bsit¢ development. Content is carefully selected for the advancement of peopl¢, nature and sustainability. all pro¢e¢ds go to keeping core costs met and new projects emerging. Seed packing of all seed. Completion of trdining with Sebastian for the Nursery Assislant role and also external training. The training started with a power boat course that was to erkable an island Seed Collection Project across the islands of Strangford Lough. The Seed Collection Project had to remain on hold du¢ to planning uncertainties, so Sebastian conlinued in the boat theme and re¢eiv¢d more Iraining that would enable him to apply for jobs by the end of his time with THS. Ongoing training for Emily in the work of THS. Integration of Emily'5 ideas for example regular weekly staff meetings on Mondays. Overseeing and managing the HR for all staff. Writing quotes for various seed requests, outings and training. Overseeing the growing and harvesting, cleaning and storing of seed. - Seed bank maintenance. - Kilclief maintenance of machinery and equipment. Coordinating the work of our staff and volunteers, including training. Maintaining governance issues, accounts and payroll. Assisted by Becky Knight Treasurer and accountant Jennifer Murphy of McGradys A¢countanls. Developing and looking after conservation projects. Last, and in the case of 2024, making the seed collections. least. Debbie continues a eommitt¢¢ member of ENSPA and BNFC. "Working as ceo of THS is certainly challenging and at times tiring. but a lot Can be said for livtng a lif¢ with an altruistic purpose, which seems to lend ils own kind of energy to the project and of course attracts help from all kinds of v¢ry kind and wonderful people. to whom l am entirely grateful. The greatest lessons learnt by your CEO in 2024 is that of time management. It is relatively easy to tske thing5 on in the hope that they will lighten ones burden, only lo discover they do the opposite. Through the fault of no particular person. I was required to engage in staff training x 3. 2 of those staff we knew were on temporary contracts, but needed time none the less. Recruiting temporary staff into such a small and specialised charity brought with it many unpaid training hour5. W¢ had successfully secured the funding to wver trainee staff wages, but had not secured funding to recover the full economic cost and therefore paid the price." Debbie JoaT]n¢ now provides management stru¢ture for the CRESI Marketing CcKirdinator post and Debbie provides the working environment. Trustee Katie 5UPPOrts Joanne in this role as necessary.
True Harvest Seeds Report of the Trustees for the Year Ended 31 December 2024 OKIECTIVES AND ACTIVITIES The Live Here Love Here subsidy to schools and ¢ommunity groups for their wild flower seed purchases continues to be availed of. There are still funds available which ar¢ Caled forward to use in 2025. The Google Not for Profits prOamMe continues. previously looked after by Emily, it has been somewhat under utilised, but wntinues to provide SIO.OOOplmonth in free advertising and access to Google Workspace for document sharing and stornge. Our team of volunteers comprises Mike. Sue, Fergus, Marian and Philip. Each regularly and reliably brought and shared different skills and talents. Mike our longest standing volunteer h&s the greatest all round experience and handles seed collecting and cleaning with skill. Sue is our best plants, woman particularly skilled in nursery plant production. Fergus grows our vegetables, onions, shallots and garlic for direct sale as well a5 tending the results of gemiination le5ts. He also helps greatly with harvesting. Marian is a professional herbalisl and under her guidance we have begun to develop our Medicinal plants capabilities. In spring Marian wrote a book on herbal medicines for THS and OD her instrnction we started a medicinal section of the website. In the latter part of the year we applied for a grant to develop a community physic garden. designed by Martan and maintained by all. Last but by no means least Philip continues to help us with site maintenance. Looking after the grass cutting. hedge maintenance for site lines, composti¥Jg and general upkeep, Philip's contribution keeps us looking respectable. We also welcome our SERC students volunteering, from their Duke of Edinburgh volunteering ranging from digging, to seed collecting to w&shing pots for recycling, our students bring with them youthful energy and fun. We also welcome occasional volunteering activities from industy, In 2024 this came from CDE, 2 large engineering company httpsJlwww.cdegroup.coml. A group joined us in June and helped us plant out Marram, Lyme and Sand couch plants with the Strangford Lough and Lecale and Council partnership, to help alleviate coastal erosion at Tyrella bea¢h. Report on the fulfilment of charity's purposes: Purpose la- Provision of a seed bank. The se¢d bank continues to be maintained by Debbie. Funded by voluntary hours and money generat¢d by the online shop sales. As of December 2024 the seed bank continues to maintain its ¢ollections. Purpose lffj 2 (a) {b)- To protect endangered species. We worked with DAERA and Karl Hamilton to locate and collect further Schedule 8 plant populations which live at Binevenagh. We attempted. yet again, llectiOn of Saxifraga oppositifolta. We were expediently given perniission by DAERA, but to no avail, again, distance and availability of everyone to attend together wa8 not SLtccessthl. Despite this we will continue to ty in 2025. The four Crambe maritima plants in the raised beds are now 3 in number. They did so badly none set flower so no seed could be collected. Purpose Ib.. Source viable Irish native seed. Contributions of Rhinanthus minor, yellow rattle were made to THS by Michael and Rachel of Ardtole and also Greer and Maureen of Slievemoyle. Both generously allowed Debbie and team to harvest yellow rattle free of charge and use it as a funding income for the Charity. Both sites are naturally occurring populations. - In August Debbi¢ attended the LtFE of Ma¢hair project in Co Mayo, meeting with Caitriona and Mark who led a group to leam how to make seed collections of native Marram and how to plant them out. Debbie spent 2 days with the team in person and th¢ team can follow up with questions they later may have. Puryjose 2: Advance the education of the public.
True Harvest Seed5 Report of the Trustees for the Year Ended 31 Detember 2024 OWEcfivES AND AcfiviTIES - Debbie eontinues lo give lalks and now we request payment. The website for SOS8 is kept up but was not added lo in 2024, despite the list for Schedule 8 plants increasing to include 121 species, up from 88 previously. Payment is still made for it to stay live using unreserved fvnds raised by the shop. Volunteers changed a fair bit in 2024. An observation that an increase in stsff has led to a decrease in volunteers, due to the time it takes to train new people. only so many can be catered for at this point, This is mainly because the training h&8 to be done by Debbie. - Our SERC students, led by Joanne and Joe, came from SERC Downpxtrick campus, we are delighted and honoured io continue to host the students. Their volunteering gives THS a much needed work boost every fortnight and gives the students practieal experience which adds to the quality of their portfolios. The students have helped with sowing seeds, plant care and site maintenance. The students can also now count volunteering hours to their Duke of Edinburgh portfolios. Everyone at THS have really taken to all of the students, we have got to know them as individuals, they brighten up our week and we very much appreciate their gular and valuable contrtbution. In March. as a continuation of our work with local Dublin artist Rachel Doolin. Rachel came to visit THS. We discussed ideas for the project and fund raising options as partners with Rachel being the lead parlner. You can access a talk here.. https:Ilwww.racheldoolin.¢omldebbie-gillies We held one training day on "Seed Conservation Techniques" in AugusL educating 7 partiripants. A great day w&8 had by all. - In late August training was delivered to 10 participants of the above mentioned LIFE on Ma¢hair project. In early September we were delighted to receive the group from the GAIA Seed Training course. to our Kilclief site. The aim of their visit was tt) demonstrate and infom pArti¢ipants how we do what we do in temis of seed handling. Late September sxw D¢bbi¢ travel to Glenveagh National Park in Donegal to deliver training to staff on making collections of w(K)dland species on their site and investigate how to grow them on in their nursery. Purpose 2 {a)'. Vegetable and other appropriate seeds, Iheir value and the benefits arising from their conservation. and (b) the principles and practice of maintaining seed biodiversity and sustainable development. We continue to source the best quality organic and often Demeter standard, open pollinated vegetable seed from reputable seed houses rOSS Europe. For each variety we hold we give as much infomation as we can on the webpage for each. We stock seed that does well in Ireland. With the invaluable help of volunteer Fergus, we contiT]ue to grow out samples of many of th¢ seed lots, Ihis helps us with descriptions, photographs and fom]s a large part of the gemjination testing that we do ourselves. By supplying only open pollinated varieties people are empowered kn save their own seed and use them next season. By actually doing the seed saving, people are learning how to manage seeds themselves. This has many benefits and we are seeing the opening of various amateur seed saving and seed swap events across the county. In an ever increasingly uncertain tre, seed knowl¢dge is a vital part of sustainability on any island. We have added to our range with the help of volunteer Marian artd her expertise on Medicinal plants and design of the new THS Community Physic Garden. From here we intend to provide natural remedies and advice for the general public. Putpose 2 (c).. Design and application of seed conservation projects in the Community. io
True Harvest Seeds Report of the Trustees for the Year Ended 31 December 2024 ORJEcfivES AND AcfiviTIES We continue to grow and supply grasses for the restordtion of the fore dunes at Try¢lla beach for 2025. By using seed from our raised beds at Kilclief we continuing to furnish a contract from Newry Mourne and Down Council's Darren Rice. Our raised beds were originally populated by previous collections made from the local area. On principle we believe that it is important to use local seed. To avoid inbreeding depression we made wllections from several different locations over a 15 mile stretch of coast. Species are: Ammophila arenari4 Leymus arenarius and Elytrigia juncea. Marram, Lyme and Sand couch resp.. The contract covers the period 2024 and 2025, the plants being available for collection each spring. Debbie and team will be helping plant out the plugs and py)ts. Planting took place in June 2024. Monitoring h&$ shown very positive results. We continue to grow the sam¢ arnount of plants for planting out in the final planting of Phase I, dve in 2025. - We applied to LHLH for funding for the below projects:. l. Building the Physic Garden. 2. Installation of a Pond for Biodiversity. Neither attempts to secure funding were successful. Purpose 2 {¢).. Organic principles. We have maintained our organic stsius in Cooperation with the Soil Association. l. Growing at Kilclief and 2. For selling Ix)ught in organic seed, (which we were already Certified for). Debbie looks after inspections and certification. We have an onsite apiary by Debbie in her spare time which did greatly as51St in the pollination of the wild flowers throughout the year. Mark continues to help maintain the field's weeding by tractor. Debbie concentrates on site maintenance, using the tractor. This year Sebastian helped greatly with the removal of Schedule 9 weeds. Philip helped with putting out the bins, generdl tidiness. Cleaning of all facilities and maintenance of cleaning rotas and has taken over the matntenance of the site around the buildings, mowing. cleaning, curting back and general tidying which is much appreciated. Both S¢b&stian and Philip helped maintain site visibility along the road which was vastly improved in spring time with the help of David Thompson who very kindly brought his hedging experience. knowledge and rhainsaw over 2 day5 volunlarily. Purpose 3.. Pmvide and promote inforniation and interpretive malerial about vegetable seeds. Maintenance and improvement of th¢ website. The decision to continue, enhance, promote and in¢re&se stock on the online shop h&$ increased sales. providing our customers with greater choice and inform*ion in particular the new product ranges in Medicinal seed, plant food and cleaning materials. The idea is that ev¢rythiTJg you buy from THS 15 guaranteed to meet with organic and our own high standard of environmental principles. This continues to provide unrestricted funds for the charity, which helps cover cor¢ costs. In this way the charity continues to function. With the shop expansion brough recognition that the old website w&$ clunky and Emily took on the huge task of revamping the website. This in particular enables our website to function much more easily over mobile phones and tablels. It also ironed out problems with postage, the ongoing website costs and unclear donation/subs¢riptionlmembership options. Purpose 4: Making our inforniation and knowledge available to the public. The llectionS are a sour¢¢ of native lrish-origin plant material and most are available to the public upon request. This is excepting the endangered species which will require special pennission to administer.
True Harvest Seed$ Report of the Trustees for the Year Ended 31 December 2024 OBJECTIVES AND AcfiviTIES Inforniation about the collections is currenily on the website. We published a list of collections from 2015 2018 on our website wwv.trueharvestseeds.org from data collected at the seed eollections. The list is in need of Ltpdating to show new collections. We are still holding open our project to put a dynamic database of the collections online. This is a matter for fundraising eiiher from core funding or raised. A dynamic database would enable ¢asi¢r updating of the online record and provide paid stsff hour5. Through our work we have generally raised publi¢ awareness of the plight of our native plants by engaging with i)otanists, land owners and volunteers while delivering training courses and open days. The work Emily did on the shop we hoped to pay dividends. She put up many gift idea5, wmbinalions of gift sets and many items from Debbie's Farn] marketed professionally and the proceeds divided equally between Debbie and the charity. Emily spent 3 weeks working from home on th¢ website with a view to learning how it worked and how to improve its many foibles. She was unable to change the website as is. She worked mainly to port it to the Shopify hosting. but on further discussion with Debbie it was decided that Shopify didnl suit the needs of the charity. The websites remain as shop.trueharyestse¢ds.org and the main conservation website trueharvestseeds.org. - THS had pemission from DAERA for wildlife licences for endangered plants and pemission from MEA for working on Areas of Special Scientifi¢ Interest (ASSIS). The monthly email newsletter also saw regeneralton from July by Emily who was firn)ly in control of its delivery. FINANCIAL REVIEW Principal funding sources Restricted ndS Ongoing funding frotn Department for Communities CRESI funding administered by Heritage Lottery Fund for position of Marketing Coordinator changed to Marketing Officer in July 2024 with a new person, Emily, in post. - Ongoing delivery of Live Here Love He funding to subsidise wild flower seeds for schools and community groups. - Funding from Department for Communities via th¢ Jobstart program for Nursery Assistant from January to October. Unrestricted funds Sales of wild flower, vegetable, herb and garden flower seeds raised cash which was used to pay for ongoing overheads, and new stock. - Donations. - Memberships Reserves policy - THS have secured property from which to operate and buildings to work from for th¢ long tenn, with no ongoing costs other than conacre aTtd utilities. However, whilst the land is secure the temporary buildings were only granted temporary planning status by the planning department. Th¢ membership scheme continues to run, the quarterly mag82ine run by Emily saw a rebirth in July and reads very well. Current membership stands at 43. 12
True HArvest Seeds Report of the Trustees for the Year Ended 31 Detetnber 2024 FINANCIAL REVIEW Going Concern - At the close of 2024 we are happy that the charity will wntinue to be a going concern. THS, shift from submitting funding applications to various bodies to r¢flect a more self sustaining attitude is ongoing. The natural capital of the seed bank has been given a value for insurance purposes. Our market research had shown a reduced appetite for small seed packets of wild flowers in 2024. Probably because large seed ¢ompanies have moved into markeling wild flower seed in island. As far as we Can tell, the Companies are without exception importing species native to Ireland and marketing them heaply and aggres5iv¢ly as 'Wative Irish Wildflowers" This h&8 obvious, detrimental consequence5 for the native populations. We hav¢ been in touch with the Advertising Agerkcy and they agree with our view that many seeds are being marked as ative Irish,. They say they will take up the case for us once we provide th¢ evidence and paperwork. To date we don't have the resources lo do this work. We continue to pmvide our Native Origin" option. however our hand grown, picked and processed seed is more expensive and we find tt dilTiculÉ to compete. - We continued to import vegetable, herb and non-native seeds - (other) into Nt from the EU throughout 2024.There are no vegetsble I herb crops which we import that are currently grown in Ireland for which there are native altematives. - We continue to: to use our expertise to provide seeds to ihe small packet market in Ireland as a whole. This service was used by many customers throughout 2024. Keep prices low and offer postal service as an extr4 rather ihAn subsume the cost of postage into raised seed prices, this remains under review. A 50/0 price increase was added to products in October 2024. Provide "Open Pollinated" other seeds. The seeds we provided are either Organic or Demeter standard and are of a quality that ean be used in seed breeding. This decision was taken with a view to potentially alleviating food shortages in the ture, empowering people to save their own seeds, to swap viable seeds going forward. Wild flower seed mixtures continue to prove to be more wpular than individual seed packets. They are better value for money and marketing &8sessment has shown - that it is our expertise in putting together the seed mix remains of greatest value. FUTURE PLANS Marketing trustee Mike, CEO Debbie and Marketing Coordinator Kathryn had started investigating Corporate membership and sponsorship. With the need to develop a new seed bank building project fundraising will be of the essence. However future plans are on hold until we submit amended drawings and receive decision from the planning department. Work is ongoing and we would like to show our appreciation to th¢ Planning Department for working with us to provide a suitsble facility. Continuing on into 2024, discussions with HtP Ar¢hit¢ds and seed banking experts from various sources we started to develop a plan for a pemianent building. To pay for this we must use unrestricted fvnds, raised from the shop and eourses. Debbi¢'s Farm. THS, land owner remains in a position to allow THS to build a replacement farni building, that could be used by THS going forward with rent remaining the same Conacre. A Consultation with our neighbours in February 2024 saw no objections raised. From May to August 2024, 12 support comments were added to the planning portal. We received infomation that further comments Could not be added. We received further support verbally from many other supporters. THS trustees and CEO would welcome help and or trustee applirations from persons interested in advancing the charity through use of their expertise in finance and fundraising. 13
True Harvest Seeds Report of the Trustees for the Year Ended 31 December2024 STRucfuRE, GOVERNANCE AND MANAGEMEIYT Governillg document The organisation is a charitable company limited by guarantee, incorporated on the I l De¢¢mber 2013 and regislered as a charity on 14th April 2014. The company was established under a M¢tnorandum of Associatiotk which ¢stsblished the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the ompany being wound up members are required to contribute an amount not exceeding £1. 14
True Harvesl Seeds Report of the Trustees for the Year Ended 31 December 2024 STRucfuRE, GOVERNANCE AND MAIYAGEMENT Recruitment 2nd appointment of new trustees The directors of the company are also charity trustees for th¢ purposes of charity law and under the company's Articles and shall manage the business of the Charity. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of one year after which they must be re-elected at the next Annual General Meeting. All member of the Management Committee give their time voluntarily and received no benefits from the charity. Mr M Bryson, Miss K Lawrence, Ms J Cross, Mrs R Knight, Ms J Murray and Mr M Thompson retire by rotation and, being eligible, offer themselves for re-el¢¢tion at the next 8t81 general meeting. To be appointed as a charity trustee each trustee must be nominated and seconded by other charity truslee members. Mr M Thompson resigned effective 9th July 2024. Miss K Lawrence resigned on 14th December 2024. Ms J Murray appointed on 4th April 2024. Dire¢torfs skills - The directors of the company ar¢ also charity trustees for the purposes of charity law and under the company's Articles and shall manage the business of the Charity. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serv¢ for a period of one year after which ihey must be re-elecled at the next Annual General Meeting. - All member of the Management Committee give their time voluntarily and received no benefits from the charity. Mr M Bryson. Miss K Lawrence, Ms J Cross. Miss R Knight, Ms Joanne Murray and Mr M Thompson retire by rotation and, being eligible, offer themselves for re-ele¢tion at the next annual general meeting. To be appointed as a harity trustee each trustee musi be nominated and seconded by other charity trustee m¢mb¢rs. Director's skills - Mark Bryson has run the workefs co-op Ecoseeds since 1997, growing out native origin wild flower seeds. E¢oSeeds assists in native wild flower restoration projects both as consultant and / or contractor. "True Harvest Seeds continues to undertake unique invaluable work IT) thes¢ tirnes of biodiversity Ioss ond climate crisis. Th¢ amount of insects and birds visiting the field is amazing due to all the ex situ plants grown. I would say its is now the most native species rich sites in Ireland if you include all the collections it holds. Many organisations talk about the work they do but with little substance but THS has the substance. it continued to make collections and grow plants. I fimily believe it h&8 made an important contribution to reducing Biodiversity loss in Ireland." - Rebecca Knight is a chartered accountant, with 9 years experience in practice in tax, she assists THS with governance. Julia Cross is a trained primary sch¢)ol teacher. She has extensive networking capabilities and is a perfect advocate for THS, ethos of saving our native and naturalised s¢eds. Joanne MutTay is a teacher with SERC, Downpatrick. Debbie and Joanne met through the student scheme back in 2020. Joanne started volunteering herself with True Harvest Seeds in October 2023. Her role is that of Recruitment Consultant, seeking to select and recruit the right people to join our dedicated and growing team. With a BA Hons in Business Studies and a Msc in Management aTkd Corporate Governance, Joanne also has over l O years, experience in the Recruitment Industy. To help with the CRESI fund Joanne became a Trustee in April 2024 to help with HR and also training in the post as she also sports experience in marketing and ndraiSIng. 15
True HArvest Seeds Report of the Trustees for the Year Ended 31 December 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Operational Structure The chief executive officer is responsible for the day to day running of th¢ charity. Four quarterly meetings are held with between CEO and directors. Issues are dealt with as they arise with the appropriate director. Related parties - The charity had no new related party transactions during the year. Ms Debbie Gillies (CEO) is a related party of Mrs Rebecca Knight's (Treasurer). However Mrs Knight has not undertaken any financial trdnsa¢tions (or other transa¢tions) with Ms Gillies while acting as an agent of ihe charity. Mrs Knight was excluded from all employee on-boarding Matte and has no oversight or input into Miss Laurence's role of staff liaison officer. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1621885 (Northern Ireland) Registered Charity number 100201 Registered office 36 Ardglass Road Kilclief Co. Down BT30 7NS Trustees M W Bryson J C Cross R V Knight K L Laurence (resigned 1411212024) M D Thompson (resigned 91712024) J Murray {appointed 414ll024) D Gillies CEO Company Secretary M W Bryson Independent Examiner M.B.McGrady & Co Chartered Accountants Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS Approved by order of the board of trustees on 30 September 2025 and signed on its behalf by: R V Knight- Trustee 16
Independent Examiner's Report to the Trustees of True Harvest Seeds I report on the accounts of the company for the year ended 31 December 2024, which are set out on pages eighteen to twenty eight. Respective responsibilities of charity trustee5 and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of th¢ CoTnpanies Act 2006. Having satisfied myself that the charity is not subjed to audit under company law and is eligible for independent examination. it is my responsibility to: examine the accounts under Section 65 of th¢ Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65{9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts &8 required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions giveT] by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a omparison of the accounts presented with those records. It also included nSideratIon of any unusual items or disclosures in the aceounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me Cause to believe.. That accounting r¢¢ords were not kept in acwrdance with Sertion 386 of the Companies Act 2006 That the accounts do not accord with ihose accounting records That the accounts do not comply with the accounting rquirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to ¢harities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland That there is further infomiation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have Completed my examination and have no concerns in respect of th¢ matters (l) to (4) listed above and, in onnection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Mr Conaill MCG FC M.B.McGrady & Co Chartered Accountants Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS 17
True Harvest Seeds Statement of Financial Activlties for the Year Ended 31 December 2024 31112124 Total funds 31112123 Total funds Unrestricted fund Reslrieted funds Iyotes INCOME AND ENDOWMENTS FROM Donations and legacies 794 39J69 40,163 25,977 Other trading activities Investment income 27,602 118 27.602 118 48,705 191 Total 28,514 39J69 67,883 74,873 EXPENDITURE ON Raising funds 6,628 6,628 5,825 Charitable activities Charitable Activity 31,416 40266 71,682 53,668 Total 38,044 40266 78JlO 59,493 NET INCOMEI(EXPENDITURE) (9,530) {897) (10,427) 15,380 RECONCILIATION OF FUNDS Totsl funds brought forward 158278 9347 167525 152.145 TOTAL FUNDS CARRIED FORWARD 148,748 8J50 157,098 167,525 The notes fomi part of these financial statements 18
True H4Tvest Seeds Balance Sheet 31 Deeember 2024 31112124 Total funds 31112123 Total funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets Heritage assets 7,744 142288 2,987 5a63 10,731 147,651 12,292 144,151 150,032 8J50 158J82 156,443 CURRELYf ASSETS Cash at bank and in hand 35,807 35,807 33.017 CREDITORS Amounts falling due within one year io {37,091) (37,091) {21,935) NET CURRENT ASSETS (1284) (1284) 11,082 TOTAL ASSETS LESS CURRENT LIABILITIES 148,748 8J50 157,098 167,525 NET ASSETS 148,748 8a50 157,098 167.525 FUNDS Unrestricted ndS Restricted funds 148,748 8J50 158.278 9,247 TOTAL FUNDS 157,098 167,525 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not qUired the company to obtain an audit of its financial statements for the year end¢d 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their r¢sponsibilitie5 for (a) ensuring that the charitable company keeps accounting records that comply with Sedions 386 and 387 of the Companies Act 2006 and preparing financial statem¢nts which give a true and fair view of the state of affairs of the charitable wmpany as at Ihe end of each financial year and of its surplus or deficit for each financial year in ac¢ordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far &$ applicable to the charitable Company. (b) The notes form part of these financial statements 19 continued...
True Haryest Seeds Balance Sheet- continued 31 Detetnber 2024 These financial statements have been prepared in accordan¢¢ with the provisions applicable to charitsble Companies subject to the small companies regime. Th¢ financial statements were approved by ihe Board of Trustees and authorised for issue on 30 September 2025 and were signed on its behalf by.. R V Knight- Trustee The notes fomi part of these financial slatements 20
True Harvest Seeds Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNfiNG POLICIES Basis of preparing the financial statetnents The financial ststements of the charitable Company, which is a public benefit entity under FRS 102, have been prepared in accordance with ihe Charities SORP (FRS 102) '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 l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in th¢ UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. Critical accounting judgements and key sources of estimation uncertainty Estimates and judgments made in the process of preparing the financial statements are continually evaluated and are bed on historical experience and other factors, including expectstions of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any ¢ritical judgments made in applying the Trust's aeeounting policies or Éhat there are any critical accounting estimates or assumptions which may have a significant risk of rausing a material adjuslment to carrying amounts of assets and Itabiliti¢s within the next financial year. Income All income is recognised irt the Statement of Financial Athivities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are wognis¢d &8 expenditure as soon as the is a legal or constNctive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendithre is accounted ftir on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs ¢annot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed gssets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Heritage assets - seed colleetiolls Seed collections are collection of wild flowers from all over Ireland. The cost of the collections have not been capitalised up to 2020 as many of the collections has been donated to True H8Thest Seeds. However the Board of Trustees have revalued the llectionS at 31 December 2020. The basis of this revaluation is detailed in note T4xytion The charity is exempt from corporation t&K on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitmeDts Rentals paid under operating leases are charged to the Statement of Financial Athivities on a straight line basis over the p¢riod of the lease. 21 continued..
True Harvest See(ts Notes to the Financial Statements- contÉnued for the Year Ended 31 Deeember 2024 OTHER TIL4DING AcfivITIES 31n2124 31112123 Earned Incom¢ 27,602 48.705 INVESTMENT INCOME 31112124 31112123 Deposit account interest 118 191 NET INCOMEI(EXPENDITURE} Net incomel(expenditure) is stated after chargingl(crediting)'. 31112n4 31112123 Depreciation - owned assets Other operating lelses 2,154 250 2.594 TRUSTEES, REMUNERATION AND BENEFITS There were no tru5tees' remuneration or other benefits for th¢ year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no lntees, expenses paid for the year ended 31 Decemb¢r 2024 nor for the year ended 31 December 2023. STAFF COSfS The average monthly number of employees during the year was as follows: 31112n4 31112123 Management No employees received emoluments in excess of £60,000. ontinued.-.
True Harvest Seeds Notes to the FirAancial Siatements - continued for the Year Ended 31 December 2024 COMPARATIVES FOR THE STATEMENT OV FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOMNENTS FROM Donations and legacies 3,067 22,910 25,977 Other trading activities Investment income 48,705 191 48,705 191 Total 51,963 22,910 74,873 EXPENDITURE ON Raising funds 5,825 5.825 Charitable activities Charitable Activity 29,861 23,807 53,668 Total 35,686 23.807 59,493 NET INCOMEI(EXPENDITURE) 16,277 (897) 15,380 RECONCILIATION OF FUNDS Total funds brought fonvard 142.001 10.144 152,145 TOTAL FUNDS CARRIED FORWARD 158,278 9247 167,525 TANGIBLE FIXED ASSETS Vixtures nd rittings Freehold property Plant And machinery COST At l January 2024 Additions 12,036 6,700 2.190 115 At 31 December 2024 12,036 6,700 2JOS DEPRECIATION At l January 2024 Charge for y¢aT 5,640 640 5,626 269 1,546 177 At 31 December 2024 6280 5,895 1,723 NET BOOK VALUE At 31 December 2024 5,756 805 582 At 31 December 2023 6.396 1,074 644 23 continued...
True Harvest Seeds Notes to the Finaneial Statements - continued for the Year Ended 31 December 2024 TANGIBLE FIXED ASSETS- continued Motor vehicles Computer equipment Totals COST At l January 2024 Additions 1,556 9544 478 32,026 593 At 31 D¢c¢mber 2024 1,556 10,022 32,619 DEPRECIATION At l January 2024 Charge for year lJ48 42 5,574 1,026 19,734 2,154 At 31 December 2024 l?90 6,600 21,888 NET BOOKVALUE At 31 Dember 2024 166 3,422 10,731 At 31 December 2023 208 3.970 12,292 HERITAGE ASSETS Total MARKET VALUE At l January 2024 Additions 144,151 3,500 At 31 December 2024 147,651 NET BOOK VALUE At 31 December 2024 147,651 At 31 December 2023 144,151 True Harvest Seeds is conserving Ireland's indigenous seed-bearing plants by securely storing their seeds. Through the generous donations of seeds from local public and private landowners we are populating a seed bank. The seeds and wociated material are Cared for at our Seed Centre, Kilclief, Co Down. This work will ensure the security of our natural pital into the future. Seed and access to material and data may be requested by bona fide individuals and organisalions. True Harvest Seeds have approximately over 300 seed collections from various native speci¢s, some of which are Schedule 8 species meaning they ar e endangered and require a licence to collect and grow. The majority of True Harvest Seeds collections are held indefinitely and cared for to maintain Iheir quality and to make them available to the publi¢. 24 continLEed..-
True Harvest Seeds Notes to the Financial Statements- continued for the Year Ended 31 December 2024 HERITAGE ASSETS - continued The cost of th¢ seed collections have not been capitalised before 2020. All collections are, by their nature, donations from land owners. Costs to collect were by True Harvest Seeds via various funding streams including voluntary work. Prompted via discussions with our insurance company. the Board of Trustees have taken the decision to revalue the assets and recognise them in the balance sheet as herilage 85sets (which are biological in nature) based on their fair value. To detennine this value, for collertions made in 2020 or earlier True Harvest Seeds have used the same calculation that is used by K¢w's Millennium Seed Bank which is based on the cost to replace Collections. For the additions in 2021, we have used the actual cost of the seed eollections as the heritage set value. As a charity we do not ¢harge for bona fide projects to withdraw seeds from the seed bank and therefo no cost to the users is associated. io. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31112n4 31112123 Accrued expenses Deferred government grants 3,882 33209 2,945 18,990 37,091 21,935 ii. MOVEMENT IN FUNDS Net movement in funds At 31112124 At iiin4 Unrestricted funds General fund 158278 (9530) 148,748 Restricted funds Heritsge Lottery Fund DAERA/SLL Co Down Rural Community DAERA/SOS8 Awards For All Newry Mourne Down District Council Covid Recovery Employment and Skills for Heritage Fund 275 423 151 364 5,849 890 (69) (106) (38) (91) (122) (222) 206 317 113 273 5,727 668 1295 (249) 1,046 9247 (897) 8?50 TOTAL FUNDS 167,525 (10,427) 157,098 25 ontinued...
True Harvest Seeds Notes to the Financial Statements- continued for the Year Ended 31 December 2024 ii. MOVEMENT IN FUNDS- continued Net movement in funds, included in ihe above are as follows.. Incoming resources Resource5 expended Movement in funds Ullrestricted funds General fund 28,514 (38,044) (9530) Restricted funds Heritage Lottery Fund DAERA/SLL Co Down Rural Community DAERAISOS8 Department for Communities Awards For All Newry Mourne Down District Coun¢il Covid Recovery Employment and Skills for Heritsge Fund (69) (106) (38) (91) (12,960) (122) {222) (69) (106) (38) (91) 12,960 (122) (222) 26,409 (26,658) {249) 39J69 (40266) (897) TOTAL FUNDS 67,883 (78JlO) (10,427) Comparatives for movement in funds Net movement ill funds At 31112123 At Iiir23 Unrestricted funds General fund 142,001 16,277 158.278 RestTlCted funds Herilage Lottery Fund DAERAISLL Co Down Rural Community DAERAISOS8 Awards For All Newry Mourne Down District Council Covid Recovery Employment and Skills for Hltage Fund 368 564 202 486 6.011 1,187 (93) (141) (51) (122) (162) {297) 275 423 151 364 5,849 890 1,326 (31) ,295 10,144 (897) 9,247 TOTAL FUNDS 152,145 15,380 167,525 26 continued...
True Harvest Seeds Notes to the Fin&neial Statements- continued for the Year Ended 31 December 2024 ii. iVIOVEMENT IN FUNDS - continued Comparative net movement in fijnds, included in the above are as follows- Incoming re$ources Resources expended Movement in funds Unrestricted funds Generdl fund 51,963 (35.686) 16.277 Restricted funds Heritsge Lottery Fund DAERAISLL Co Down Rural Community DAERA/SOS8 Awards For All Newry Moume Down District Council Covid Recovery Employment and Skills for Heritsge Fund LHLH (93) (141) (51) {122) {162) (297) (93) (141) (51) (122) (162) (297) 22.638 272 {22,669) (272) (31) 22.910 (23,807) (897) TOTAL FUNDS 74.873 (59,493) 15,380 A current year 12 months and prior Ye 12 months combined position is as follows.. Net movement in funds At 31112124 At 111123 Unrestricted funds Generdl fund 142.001 6,747 148,748 Restricted funds Heritage Lottery Fund DAERAISLL Co Down Rural Community DAERA/SOS8 Awards For All Newry Moume Down District Council Covid Recovery Employment and Skills for Heritage Fund 368 564 202 486 6,011 1,187 {162) (247) {89) (213) (284) (519) 206 317 113 273 5,727 668 1,326 (280) 1.046 10,144 (1,794) 8.350 TOTAL FUNDS 152,145 4,953 157,098 27 continued...
True H4rve$t Seeds Notes to the Financial Stgtements- continued for the Year Ended 31 Detember 2024 ii. MOVEMEIYT IN FUNDS- continued A current year 12 months and prior year 12 months Combined nel movement irk funds, included in the alx)ve are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 80,477 (73,730) 6,747 Restricted funds Heritage Lottery Fund DAERAISLL Co Down Rural Community DAERA/SOS8 (162) (247) (89) (213) (12,960) (284) (519) (162) (247) (89) (213) Department for Communities Awards For All Newry Mourne Down Distrtct CouTr¢il Covid Recovery Employment and Skills for Heritsge Fund LHLH 12,960 (284) (519) 49,047 272 (49,327) (272) (280) 62.279 (64,073) (1,794) TOTAL FUNDS 142,756 (137,803) 4,953 12. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 December 2024. 28