HELLENS GARDEN FESTIVAL CIC

Company limited by guarantee

Company Registration Number:
10182432 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

HELLENS GARDEN FESTIVAL CIC

Contents of the Financial Statements

for the Period Ended 30 September 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HELLENS GARDEN FESTIVAL CIC

Directors' report period ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Political and charitable donations

Donations to the following institutions were made during the yearCultivating Learning and Nature CIC £2300Back to the Wild CIC £4600St Michaels Hospice £16100



Directors

The directors shown below have held office during the whole of the period from
1 October 2022 to 30 September 2023

Gail Calthrop
Adam Munthe
Justine Peberdy
Katharine Terry


The director shown below has held office during the period of
25 January 2023 to 30 September 2023

Joanna Coull


Secretary Justine Peberdy

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 October 2023

And signed on behalf of the board by:
Name: Adam Munthe
Status: Director

HELLENS GARDEN FESTIVAL CIC

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 6,059 4,648
Total fixed assets: 6,059 4,648
Current assets
Debtors: 4 1,760
Cash at bank and in hand: 11,206 11,162
Total current assets: 12,966 11,162
Creditors: amounts falling due within one year: 5 ( 487 ) ( 197 )
Net current assets (liabilities): 12,479 10,965
Total assets less current liabilities: 18,538 15,613
Total net assets (liabilities): 18,538 15,613
Members' funds
Profit and loss account: 18,538 15,613
Total members' funds: 18,538 15,613

The notes form part of these financial statements

HELLENS GARDEN FESTIVAL CIC

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 October 2023
and signed on behalf of the board by:

Name: Adam Munthe
Status: Director

The notes form part of these financial statements

HELLENS GARDEN FESTIVAL CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for delivery of the goods.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures and Fittings - 25%Computer Equipment - 33%

    Other accounting policies

    TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (ad tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.Current of deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

HELLENS GARDEN FESTIVAL CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

HELLENS GARDEN FESTIVAL CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2022 5,274 1,034 6,308
Additions 3,654 3,654
Disposals
Revaluations
Transfers
At 30 September 2023 8,928 1,034 9,962
Depreciation
At 1 October 2022 1,319 341 1,660
Charge for year 1,902 341 2,243
On disposals
Other adjustments
At 30 September 2023 3,221 682 3,903
Net book value
At 30 September 2023 5,707 352 6,059
At 30 September 2022 3,955 693 4,648

HELLENS GARDEN FESTIVAL CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Debtors

2023 2022
£ £
Trade debtors 1,760
Total 1,760

HELLENS GARDEN FESTIVAL CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 487 197
Total 487 197

COMMUNITY INTEREST ANNUAL REPORT

HELLENS GARDEN FESTIVAL CIC

Company Number: 10182432 (England and Wales)

Year Ending: 30 September 2023

Company activities and impact

The Hellens Garden Festival CIC organises an annual charity fund-raiser garden festival at Hellens Manor. The festival programme offers inclusive and inspiring learning opportunities with the hope of catalysing change for a fairer, greener, more sustainable world. All profits, after expenses, are donated to charitable causes in the local community. This year we also extended our work with local schools. We delivered a 6 week garden project at Much Marcle Primary school and an Earth Education day for students from Ledbury Primary school.The Festival team worked to advance the principles that have guided the organisation over a number of years:to celebrate the natural worldto have a positive, constructive and educational approach to Global issuesto create an enjoyable, celebratory atmosphereto raise awareness of environmental and ecological issuesThe 2023 Festival was able to uphold the aim of the CIC to share profits between charities that promote similar ideas and have social and community benefit This year our local beneficiaries were St Michael’s Hospice, Back to the Wild CIC Cultivating learning and nature CIC

Consultation with stakeholders

The CIC’s key stakeholders are:The Pennington Mellor Munthe Charitable Trust who own Hellens Manor and provide the estate as the venue for the FestivalThe Exhibitors who book spaces at the FestivalThe Public who attendThe Recipients of any donations resulting from the net proceeds of the FestivalThe PMMCT receive a report from the directors of Hellens Garden festival annually and regular meetings with the Hellens team, including full evaluation of the event inform the planning process.Exhibitors are all asked to complete a feedback form after attending the event – their comments and suggestions are taken on board, to find ways of improving their experience overall.We send a survey to visitors via mailchimp and social media to ask feed feedback and suggest areas of improvement. The recipients of donations from the 2023 Festival (St Michaels Hospice, Back to the Wild CIC and cLan CIC) keep in touch with the Hellens Garden Festival Board, sharing the ways in which the donated funds support their causes. HGF beneficiaries have a prominent presence at the Festival and the public can learn of their work in supporting members of the Herefordshire community.

Directors' remuneration

Full details of Directors’ Remuneration are contained within the accounts.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

The total transfers of assets in this period were to: - St Michaels Hospice: £16,100 - Back to the Wild CIC: £4,600 - Cultivating learning and nature CIC £2,300 Total £23,000

This report was approved by the board of directors on
31 October 2023

And signed on behalf of the board by:
Name: Justine Peberdy
Status: Director