| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| THE GARDEN GATE PROJECT LTD. |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| THE GARDEN GATE PROJECT LTD. |
| THE GARDEN GATE PROJECT LTD. |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
| THE GARDEN GATE PROJECT LTD. (REGISTERED NUMBER: 03753908) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 1 January 2019). |
| OBJECTIVES AND ACTIVITIES |
| a. POLICIES AND OBJECTIVES |
| The objectives of the Charity are to promote the preservation and safeguarding of mental health and the relief of persons suffering from mental disorders in association with the National Association of Mental Health. The charity also provides support for adults with learning disabilities. The Trustees have an agreement with Kent County Council to provide day support services. |
| b. ACTIVITIES FOR ACHIEVING OBJECTIVES |
| Our funding comes from the Garden Gate facility in Cliftonville. This now runs with regards to direct payments and outside resources ie. private donations, fund raising and grant applications. |
| THE GARDEN GATE PROJECT LTD. (REGISTERED NUMBER: 03753908) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| ACHIEVEMENTS AND PERFORMANCE |
| a. KEY FINANCIAL PERFORMANCE INDICATORS |
| The Garden Gate considers two needs when reviewing the charity's activities - the needs of the clients and the needs of the charity. |
| The charity endeavors to operate services which are purposeful to those who participate, striving to improve well-being and the fulfilment of some aspirations of participants whilst aiming to be a self-sufficient charity in a challenging economic environment. |
| As such the charity aims to hold sufficient reserves at all times which allow for the continuation of quality services to clients for a period of at least six months in the unlikely scenario that all public funding ceases. The cost of six months of activities without public funding changes annually but are currently estimated to be approximately £70,000 (£140,000 in a full year). This estimated cost excludes costs associated with fundraising activities. |
| b. REVIEW OF ACTIVITIES |
| The Garden Gate Project made a profit for the year of £8,268.67 (2024 - £4,896.41). |
| Total income for the year was £155,668.60 (2024 - £159,282.69) with expenditure of £147,399.93 (2024 - £154,386.28). |
| Income reduced by £3,613 - almost all of which is because of reduced income from clients. This is, at least for now, not of concern to the trustees because (1) it only represents a reduction of 2% and (2) such income can fluctuate due to the number of clients which the charity serves. |
| Expenditure reduced by £6,986 - more than offsetting the reduced income. This reduced expenditure is a result of savings on staffing costs (both salaried and self-employed) as the charity aims to respond as flexibly as possible to the changing number and needs of its clients. |
| Fixed Assets |
| Expenditure is capitalised when such costs are (i) significant and (ii) likely to be of value for at least four years. Accordingly, the charity spreads such costs over a period of four years by applying depreciation on a straight-line basis of 25% annually. There were no fixed asset purchases in the year. |
| The net book value of fixed assets at the year end was £2,451.94: |
| Wood Burner - purchased January 2021 - NBV £0 |
| Solar Panels - purchased November 2021 - NBV £334.80 |
| Solar Panels - purchased January 2023 - NBV £391.64 |
| Container - purchased August 2023 - NBV £1,725.50 |
| Funds |
| The fund balances represent the reserves available to the Garden Gate at any point in time. These funds can either be unrestricted or restricted (i.e. when they must be spent according to the terms of the funding provided). The restricted fund balance at year-end was £1,892.93. This is the money remaining from a grant provided by the Global Giving Fund to enable the Garden Gate to purchase solar panels. £726.44 of the solar panels purchased remains to be charged to the accounts in future years (the net book value of the solar panels as shown above) which will leave a balance of £1,166.49. |
| The total of all funds at year-end was £177,539.94 with the balance of £175,647.01 (2024 - £166,580.60) being unrestricted. |
| Summary |
| The Garden Gate continues to generate annual profits in difficult economic times. This is entirely due to fund raising and other income generation activities. During the year approximately £33,500 was generated from such activities - donations, events, sales, bank interest, garden hire etc, with the associated expenditure on these activities estimates to have been a little over £5,000. |
| THE GARDEN GATE PROJECT LTD. (REGISTERED NUMBER: 03753908) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| This fundraising and other income generation has led to unrestricted funds totalling £175,647 which is far in excess of the requirement to hold reserves equivalent to at least six months of activity without public funding (currently estimated to be approximately £70,000). As per the trustees reserves policy, consideration will be given to investing this excess funding to enhance and improve the services provided to clients but only when such investment is affordable, feasible and provides good value for money. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Independent Examiner |
| Andrew Cannon |
| Spurling Cannon |
| Chartered Certified Accountants |
| 424 Margate Road |
| Westwood |
| Ramsgate |
| Kent |
| CT12 6SJ |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| THE GARDEN GATE PROJECT LTD. |
| Independent examiner's report to the trustees of The Garden Gate Project Ltd. ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
| Independent examiner's statement |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
| 4. | the accounts have not been prepared in accordance with the methods 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 concerns and have come 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 accounts to be reached. |
| Andrew Cannon |
| Spurling Cannon |
| Chartered Certified Accountants |
| 424 Margate Road |
| Westwood |
| Ramsgate |
| Kent |
| CT12 6SJ |
| 28 July 2025 |
| THE GARDEN GATE PROJECT LTD. |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 2025 | 2024 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other trading activities | 2 |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 169,271 |
| THE GARDEN GATE PROJECT LTD. (REGISTERED NUMBER: 03753908) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 10 |
| Unrestricted funds | 166,580 |
| Restricted funds | 2,691 |
| TOTAL FUNDS | 169,271 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance 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 as applicable to the charitable company. |
| THE GARDEN GATE PROJECT LTD. (REGISTERED NUMBER: 03753908) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| THE GARDEN GATE PROJECT LTD. |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Income |
| All income is recognised in the Statement of Financial Activities 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 recognised as expenditure as soon as there is a legal or constructive 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. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Plant and machinery | - |
| Taxation |
| The charity is exempt from corporation tax 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. |
| Pension costs and other post-retirement benefits |
| The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
| THE GARDEN GATE PROJECT LTD. |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 2. | OTHER TRADING ACTIVITIES |
| 2025 | 2024 |
| £ | £ |
| Fundraising events |
| Other incoming resources | 3,856 | 3,325 |
| 3. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2025 | 2024 |
| £ | £ |
| Depreciation - owned assets |
| 4. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| 5. | STAFF COSTS |
| The average monthly number of employees during the year was as follows: |
| 2025 | 2024 |
| Operational staff |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | funds | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other trading activities |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| THE GARDEN GATE PROJECT LTD. |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
| Unrestricted | Restricted | Total |
| fund | funds | funds |
| £ | £ | £ |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 160,886 | 3,488 |
| TOTAL FUNDS CARRIED FORWARD | 166,580 | 2,691 | 169,271 |
| 7. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 April 2024 and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Prepayments |
| Accrued income |
| THE GARDEN GATE PROJECT LTD. |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Deferred income |
| Accrued expenses |
| 10. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1/4/24 | in funds | 31/3/25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 166,580 | 9,067 | 175,647 |
| Restricted funds |
| Global Giving Fund | 2,691 | (798 | ) | 1,893 |
| TOTAL FUNDS | 8,269 | 177,540 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 145,640 | (136,573 | ) | 9,067 |
| Restricted funds |
| Groundworks | 7,687 | (7,687 | ) | - |
| Global Giving Fund | - | (798 | ) | (798 | ) |
| KCC Community Coffee Mornings | 2,342 | (2,342 | ) | - |
| ( |
) | (798 | ) |
| TOTAL FUNDS | ( |
) | 8,269 |
| THE GARDEN GATE PROJECT LTD. |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 10. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1/4/23 | in funds | 31/3/24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 160,886 | 5,694 | 166,580 |
| Restricted funds |
| Global Giving Fund | 3,488 | (797 | ) | 2,691 |
| TOTAL FUNDS | 164,374 | 4,897 | 169,271 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 147,523 | (141,829 | ) | 5,694 |
| Restricted funds |
| Groundworks | 11,381 | (11,381 | ) | - |
| Global Giving Fund | - | (797 | ) | (797 | ) |
| KCC Community Coffee Mornings | 378 | (378 | ) | - |
| 11,759 | (12,556 | ) | (797 | ) |
| TOTAL FUNDS | 159,282 | (154,385 | ) | 4,897 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1/4/23 | in funds | 31/3/25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 160,886 | 14,761 | 175,647 |
| Restricted funds |
| Global Giving Fund | 3,488 | (1,595 | ) | 1,893 |
| TOTAL FUNDS | 164,374 | 13,166 | 177,540 |
| THE GARDEN GATE PROJECT LTD. |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 10. | MOVEMENT IN FUNDS - continued |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 293,163 | (278,402 | ) | 14,761 |
| Restricted funds |
| Groundworks | 19,068 | (19,068 | ) | - |
| Global Giving Fund | - | (1,595 | ) | (1,595 | ) |
| KCC Community Coffee Mornings | 2,720 | (2,720 | ) | - |
| 21,788 | (23,383 | ) | (1,595 | ) |
| TOTAL FUNDS | 314,951 | (301,785 | ) | 13,166 |
| 11. | RELATED PARTY DISCLOSURES |