THE SOCIETY FOR HORTICULTURAL THERAPY - … 31 March 2012... · the society for horticultural therapy (a company limited by guarantee) reference and administrative details of the

Registered number: 1415700Charity number: 277570

THE SOCIETY FOR HORTICULTURAL THERAPY

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2012



CONTENTS

Page

Reference and administrative details of the charity, its trustees and advisers

1 - 2

Trustees' report

3 - 11

Independent auditor's report

12 - 13

Statement of financial activities

14 - 15

Income and expenditure account

16

Statement of total recognised gains and losses

16

Balance sheet

17

Notes to the financial statements

18 - 30



REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS

FOR THE YEAR ENDED 31 MARCH 2012

Our Patrons

HRH Princess AlexandraThe Hon Mrs Bayliss JPChristine Cohen OBEBaroness Fookes of Plymouth DBE, DLJune ParkinsonAnna Piper NyeLouise RobinsonBaroness Royall of Blaisdon PCWilliam J Simpson MBEBaroness Thomas of Winchester MBESir Richard Thompson KCVODavis Blunkett MP

TrusteesBrian Donohoe MP, ChairmanMr Richard Bagley, Vice Chairman (appointed 22 March 2011)Mr Christopher D'Olley, Vice ChairmanMr David Aitchison-Tait TDMr Howard Symonds FCCAMs Lin ConwayMr Stephen DaviesMrs Prunella Scarlett LVOMs Philippa SlingerMr Andrew Fisher TomlinDr Nick BourasMr Robert Hillier OBE (appointed 22 March 2011)Ms Anna Quenby (appointed 22 March 2011)

Company registered number1415700

Charity registered number277570

Registered officeThe Geoffrey Udall CentreTrunkwell ParkReadingBerkshireRG7 2AT

Acting Chief executive officerSusan Stuart ACA

AuditorsJames Cowper LLPStatutory AuditorMill HouseOverbridge SquareHambridge LaneNewburyBerkshireRG14 5UX

Page 1



REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS


Advisers (continued)

BankersHSBC24 Market PlaceFromeSomersetWiltshireBA11 1AJ

SolicitorsField Seymour ParkesThe Old Coroner's Court1 London StreetPO Box 174ReadingRG1 4QW

Page 2



TRUSTEES' REPORT


The Trustees (who are also directors of the charitable company for the purposes of the Companies Act) presenttheir annual report together with the

audited

financial statements of The Society for Horticultural Therapy

(the

company) for the ended 31 March 2012. The Trustees confirm that the annual report and financial statements ofthe company comply with the current statutory requirements, the requirements of the company's governingdocument and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reportingby Charities" issued in March 2005.

The company also trades under the name Thrive.

Structure

Our legal structure, governance and administration details

The Society for Horticultural Therapy is also known as Thrive. It is registered as a charity (number 277570) withthe Charity Commission for England and Wales. It is registered as a limited company (number 1415700).

Thrive was established under the terms of its governing Memorandum and Articles of Association in 1978,which were updated in 2009, and is constituted as a company limited by guarantee.

The Board currently comprises thirteen Trustees who delegate the day-today running of the charity to the ChiefExecutive Officer and four senior managers.

The Trustee Board meets five times a year for formal business meetings at which long-term strategy, currentdirection and finance are considered. The business plan and budget are approved in March and reviewedquarterly. The Treasurer monitors the budget regularly and provides updates at each Board meeting.

In addition, Trustees have four committees which report to the main Trustee Board for decisions. The Boarddelegates some of the investigation and specific strategic input to the committees.

The Property and Investment Committee reviews and monitors the performance of Thrive's investment portfolio, including properties held and reviews the Investment and Reserves policies to ensure that theyare appropriate and reflect the underlying needs of the charity.The Human Resources Committee provides guidance on governance, human resources and healthand safety matters.The Nominations Committee is responsible for reviewing skills of the Board, proposing new Trusteesand Patrons.The Research Advisory Group supports the Board in proposing research and other initiatives to supportthe charity s aim of providing a robust evidence base for the benefits of social and therapeutic horticulture

After the selection procedure and nomination by the Board, new Trustees undertake a formal induction process.This includes an induction pack and handbook and the opportunity for them to spend time at the charity wherethey meet senior managers and staff. They are encouraged to visit the Thrive Garden Projects and meet thedisabled people supported by Thrive as well as volunteers. Internal training is offered on specific topics afterdiscussion and agreement by the HR committee. Trustees are encouraged to attend appropriate externaltraining days.

Risk Management

The Trustees are responsible for overseeing the charity s risk management activities. The Trustee Boardmanage its risks through a business risk register which is presented by senior management and is reviewed atevery Board Meeting. In addition, a formal risk-management process reviews operational risks every sixmonths. Risks are prioritised in terms of potential impact, likelihood of occurrence, and mitigations identified. Aspart of this process, the Trustees have reviewed the Charity s current controls which, in their opinion, areadequate to mitigate the potential and perceived risks of the Charity. It is recognised that any control systemcan only provide reasonable but not absolute assurance that major risks have been adequately managed.

Page 3



TRUSTEES' REPORT (continued)


Achieving our Mission and Aims

In compiling this report we have referred to the guidance contained in the Charity Commission s generalguidance on public benefit and compiled the review of our aims and objectives to reflect how our activitiesdeliver public benefit.

Our Vision: To enable those touched by a disability to transform their lives using gardening.

Our Mission: Using our passion for the power of gardening to change the lives of people touched by adisability,

Thrive will:

- teach practical and creative ways to use gardening- learn more about how gardening helps people - talk about what we do and how we help using gardening - work with individuals and organisations.

Our Aims

Our aims reflect the object and purposes for which the charity was originally founded in 1978 and are designedto enable the charity to fulfil its vision and mission. They are to:

improve the skills and knowledge of disabled people so they can benefit from gardeningimprove the skills and knowledge of health and education professionals in the use of gardening

andsocial and therapeutic horticultureincrease the range of evidence related to gardening and disabilitypromote the benefits of gardening for disabled people.

What we do to achieve our Vision, Mission and Aims

Provide a range of services, practical support and inspiration for disabled people Thrive provides an information service for disabled people, professional practitioners and the general publicincluding access to resources which have been collated and developed over more than thirty years. Thisincludes:

Our two websites www.thrive.org.uk providing information on our activities and services; andwww.carryongardening.org.uk, which provides information and guidance on techniques and toolsthat can help disabled people to continue gardening and with tips to make every day gardeningeasy accessible and enjoyable for people with a wide range of disabilities and limitations.Our publications and gardening tool kits designed to help disabled people and professionals whowork with them to understand and enjoy the benefits of gardening; andA specialist library and a wide variety of published print and audio material.

We operate specialised gardening programmes and services through projects created and funded from externalsources specifically designed for:People recovering from a stroke or affected by heart disease; older disabled people including those living withdementia; people living with mental ill health; and young disabled people aged 14-19 especially those living withlearning disabilities and complex needs. These specialised programmes are managed and coordinated throughour two Garden Projects based at Battersea Park in London and Trunkwell at Beech Hill near Reading whichalso provide a variety of personalised gardening programmes to meet the health, therapy and skills needs of awide range of disabled people.

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http://www.thrive.org.uk

http://www.carryongardening.org.uk





We provide advice, training and education and learning resources for government agencies, othercharities, companies and professionals working with disabled people so that they can deliver the bestpossible services and support to disabled people through the use of gardeningOur Training & Education professionals offer a variety of short courses, bespoke training programmes andconsultancy.

In partnership with Coventry University we offer the only professional Diploma in Social andTherapeutic Horticulture in the UK and a nationally accredited Award in Social and TherapeuticHorticulture . These qualifications are designed to secure best practice amongst professionals

usinggardening for the benefit of disabled people;Our team actively engages in supporting professionals in their work with disabled people. Thisincludes encouraging garden projects to adopt Cultivating Quality a unique quality assurancescheme developed with the Charities Evaluation Service aimed at improving eleven operatingstandards and a small membership scheme which allows professionals in health, education orsocial care to access specialist resources and the publication Growth Point; andWe provide consultancy services to: Government departments, Local Authorities, charities andcompanies who are working with disabled people, helping them to understand the benefits ofgardening for their clients and customers and advising them so that they can deliver cost effectiveand beneficial services

We work to develop and increase the evidence of the benefits of gardening for disabled peopleThrive works in partnership with research specialists, universities and academics working in social care, healthcare and education to increase the evidence base around the benefits of gardening for disabled people. Wealso utilise the evidence produced from our own gardening programmes. Robust evidence of positive outcomesfor disabled people is not only essential for Thrive in securing funding to deliver its services but an essential partof our aim to promote the sider use of Social and Therapeutic Horticulture for the benefit of disabled people.

We promote the benefits of gardening for disabled peopleThrive s Senior Management, Trustees and Patrons work actively to promote the benefits of gardening to seniorleaders and policy makers in national and local government. We use our knowledge and evidence base topromote the increased use of Social and Therapeutic Horticulture as a credible way of supporting their higherlevel outcome targets for disabled people. Our staff present at seminars and conferences, for professionals and staff and volunteers give over 200 talkseach year to community groups, charities and other organisations and individuals who can support us inachieving our aims.

Thrive focus

No organisation can do everything for every one and as a small charity, we must focus our resources to ensurethat we deliver the maximum benefit to those that we can best serve. In this respect, we operate under definedthemes:

1 . Reaching disabled people:Those who want their life back people who have experienced something unexpected which affectsthem profoundly, often with physical repercussions. They want to regain what they perceive as 'lost .Focus on - stroke survivors

Those who want a different life these people see that the life they were leading is not what they wantfor their future. They may have experienced some sort of mental ill health such as depression or a lifechanging event that has led them to re think their priorities and direction, including those with brain

injuriesFocus on those who want to improve their mental health and well-being

Those who want the best life they can have these people have been born with a disability or becomedisabled, often as they age. They may include those experiencing a degenerative disease such as dementia or multiple sclerosis. Focus on young adults with learning disabilities and older people including those with dementia

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2. Our second focus is to use our Training & Education services to ensure that professionals andorganisations working with disabled people have access to training and advice which will enable them tounderstand the benefits of gardening for their clients and to deliver to the highest standards

A review of our activities in 2011/12

The Trustees confirm that they have referred to the guidance contained in the Charity Commission s generalguidance on public benefit when reviews the charity s aims and objectives and in planning future activities andsetting the objectives for the year.

Improving the knowledge and skills of disabled people so that they are able to benefit from gardening

We spent £1,077,423 in meeting this aim; £460,588 of the expenditure was restricted and funded predominantlyfrom Trusts and Charitable foundations and the Big Lottery. £616,835 of expenditure was unrestricted. Totalexpenditure has decreased by 25% on the previous year.

1,272 disabled people benefitted fromthe gardening programmes delivered from our Trunkwell and Batterseagarden projects, with over 100 attending our Working it Out programme helping unemployed disabledLondoners to move towards employment; 331 attending our programmes helping stroke survivors to usegardening as part of their recovery; and 187 people attending our community based Sow n Grow and Growing 4Life programmes aimed at community participation amongst older people and people living with mental illhealth.

Most of our support was given indirectly through a range of means including the information service andspecialist publications such as our guide, Growing for Hearts and Minds. During the year, 3,312 disabled peopleand carers used our enquiry and advice services.

We estimate that a further 5,802 people were able to benefit from gardening through the services provided byprofessionals who attended our training programmes during the year

We have been especially pleased at the outcomes achieved from three of our core programmes which have thepotential for a national roll out:

Growing Options vocational training and personal development for young adults with complexneeds; Working it Out vocational and work skills training and personal development for unemployeddisabled adults; and Life After Stroke gardening to support recovery and rehabilitation for stroke survivors

Additional public benefit: Our Trunkwell and Battersea Garden projects both offer around 10% of their paid clientplacements on a subsidised basis and the Battersea Garden project funds a free to the user volunteer trainingprogramme for 8 people living with mental ill health.

Improving the skills and knowledge of health and education professionals in the use of gardening andsocial and therapeutic horticulture

£426,915 was spent in meeting this aim, of which restricted expenditure was £54,001 funded predominantlyfrom Trusts and Charitable foundations.

We are the leading provider of training, education and advice in Social and Therapeutic Horticulture toprofessionals and organisations who work to enable their clients and customers to benefit from gardening.

Despite the economic climate, we continued to increase the numbers of professionals and organisationsaccessing our training and advice services. During the year, 967 professionals attended our short coursetraining programmes and Step into STH workshops. Our new Award in Social and Therapeutic Horticulture, thefirst nationally accredited professional development Award in STH exceeded expectations with 26 professionalsenrolling on the course and 10 gaining their qualification during the year. A further 26 students enrolled in theDiploma in Social and Therapeutic Horticulture.

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Funding from the Wates Family Enterprise Trust was used to run 41 training days for 427 professionals workingin the care home sector.

Increasing the range of evidence related to gardening and disability

Our focus for this past year has been on evaluating the evidence collated by Thrive s professional horticulturaltherapy practitioners using our INSIGHT measurement tool to capture the beneficiary outcomes from ourgardening programmes. We have also been trialling GAS (Goal Attainment Scale) a recognised goal setting andmeasurement tool.

We place the highest emphasis on continuing to improve the rigour and validity of the evidence base for Socialand Therapeutic Horticulture as a way of fostering increased recognition and support for the use of gardeningfor the benefit of disabled people.

Promoting the benefits of gardening for disabled people

Thrive was featured in 267 magazine and newspaper articles with a combined reach of 36 million people.National press coverage included articles featuring Thrive s beneficiaries and gardening programmes in TheTimes, The Daily Telegraph, The Independent on Sunday and the national womens magazine Candis.

A key aim in our communications strategy is to secure coverage in publications reaching professionals anddisabled people. Thrive was featured in Special Children a publication for professionals working in specialneeds education; Disability magazine; Heart Matters, the British Heart Foundation magazine; the RNIB s Visionmagazine and in the Parksinson s Society newsletter.

Trustees, patrons, staff and volunteers are also active in promoting Thrive and the benefits of gardening toindividuals, organisations in the community, voluntary and corporate sectors and across governmentdepartments.

Financial Review

Income this year totalled £1,537,800 compared with £1,645,706 in the previous year, a decrease of 6.6%.

Thrive has retained a diversified flow of funding and this year unrestricted income from earned charitableactivities totalled £708,646 (46%) and restricted charitable activity income totalled £432,737 (28%). UnrestrictedIncome from generating funds totalled £367,707(24%) and restricted income totalled £29,210 (2%).

Expenditure in 2011/12 has fallen to £1,685,785 compared with £1,987,510 a decrease of 15.2%. The primaryreason for this decrease was a cost reduction exercise which cut staff and service delivery costs and overheadsby approximately £156,000. Furthermore, in the previous year costs totalling £76,000 were incurred inconnection with our Unexpected Gardener show garden at the May 2010 RHS Chelsea Flower Show.

The Trustees have continued to ensure that governance costs are strictly controlled. These have been reducedto 1.7% of total income, compared to 2.4% for the previous year. Overall expenditure exceeded income by £147,985 in 2011/12 compared with a deficit of £341,804 in the prioryear. The total fund balance has decreased to £3,619,222 from £3,644,536.

The cash balances and short term deposits decreased during the year to £473,555 from £563,947, and this isan aspect which the Trustees are monitoring very closely. In order to fulfil our policy commitments it is importantthat sufficient funds are always available to meet our short term funding requirements, whether they are used forday to day expenditure or items of a capital nature.

Income from our supporters is important to us, particularly in the current economic climate when trusts andfoundations are experiencing additional pressures to fulfil their charitable aims with the limited resources

Page 7





available. Despite the challenges ahead securing unrestricted income is vital, and we will continue to keepthose who support us informed on a regular basis throughout the year of our progress and the activities wehave undertaken.

Looking forward we are confident that the cost saving and efficiency measures taken during the course of2011/12 have achieved a lasting impact in reducing Thrive s financial deficit to a manageable level.

Reserves and Investment policies

Thrive holds long term investment assets to generate a return in excess of inflation, protecting the charity scapital base and supporting future delivery of charitable activities and aims. Short term assets are held toprovide certainty and to support the operational requirements of the charity.

Thrive reviews the level of reserves annually in line with the budget and business plan to ensure that sufficientand appropriate resources are available to deliver charitable aims, support the business strategy and to meetcontingencies. Trustees consider that reserves should amount to no less than the equivalent of 5 monthsexpenditure which currently equates to around £750,000.

The majority of Thrive s activities and programmes are currently delivered in London and the South East.Thrive s 2012-15 year business strategy will create 3 new operating regions, The North East, North West andWest Midlands which will enable Thrive to significantly increase the extent, reach, impact and awareness of itscharitable activities. As the roll out of the strategy takes place, the risk profile for the charity will increaseconsiderably and for this reason, trustees feel that it is appropriate to hold additional reserves to safeguarddelivery of the new strategy.

In January Thrive compiles a comprehensive budget for the forthcoming year which is broken down intodepartments and by month. These projections are then compared on a monthly and year to date basis to theCharity s actual performance, and if material divergences from the budget exist the reasons are determined. Are forecast may be implemented if changes have taken place which could not have been anticipated at the timethe budget was compiled.

Our Plans for the Future

The Government estimates that there are over 10 million disabled people in the UK. Our own research carriedout by Mintel in 2006 shows that more than 2.8 million disabled people have an interest in gardening and couldpotentially benefit from Thrive s services.

Currently our gardening programmes for disabled people are delivered from our bases in London and Reading,limiting access to disabled people living in Inner London, Berkshire, Oxfordshire, and Hampshire

In March 2012, Trustees approved a new strategic direction which aims to establish Thrive s services fordisabled people in major cities in the UK. Our initial aim is to establish new Thrive bases in The West Midlands,the North East and North West with gardening programmes being delivered from Birmingham. Newcastle,Middlesbrough, Manchester and Merseyside, enabling us to reach disabled people in some of the country smost populous and deprived communities, Working it Out will be the first programme in the roll out of the newstrategy and we anticipate that we will be operational in Birmingham and the North East during the course of2012/13.

A larger footprint focused on major population centres will enable us to significantly increase the numbers ofdisabled people we are able to reach, helping us to improve delivery against our charitable aims. We also knowthat a presence on the ground raises awareness and support and we anticipate that we will be successful inincreasing our supporter base and in furthering understanding amongst the general public of the benefits ofgardening.

Working with professionals and organisations who provide services to disabled people is an increasinglyimportant element of our activities.There is a growing understanding of the benefits of gardening and, as theGovernment becomes more involved in ensuring that the provision for disabled people, especially dementia

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sufferers and adults with learning disabilities living in care homes is improved, the need for high quality trainingand consultancy is increasing, We believe that Thrive is the only organisation in the UK which meets theseneeds and has the expertise to deliver the services. We see this as an area in which we can increase ourincome generating potential and support many more disabled people to access the benefits of gardening, Weestimate that for every professional practitioner trained, they will reach at least 6 disabled people per year.

Whilst the funding environment for charities remains challenging with the prospect of further reductions ingovernment spending, we believe that Thrive offers innovative, effective value for money solutions for disabledpeople and which offer attractive options for funders seeking to secure life improving health, skills and socialoutcomes for disabled people.

Our Volunteers

In 2012 volunteers donated 21,500 hours of their time to support Thrive. 144 individual volunteers from the localcommunity help us on a regular basis and 15 corporate groups helped us with a wide variety of tasks which areoften beyond our reach.

We recognise the contribution of our volunteers through our Volunteer of the Year Award. Our individualvolunteer of the year was chosen for her tireless work as a weekend volunteer selling plants at the BatterseaGarden project on of her fellow volunteers said of her "Come rain or shine she is always ready to commit to fourhours selling plants. She has saved the stall from cancellation more times than anyone. Her understanding ofthe aims and vision of Thrive shines through in her entire demeanour."

The corporate volunteer of the year was Unum, the Basingstoke based finance company.

The awards were presented by Mary Bayliss, Thrive Patron and the Lord-Lieutenant of the Royal County ofBerkshire.

We are intensely grateful for all the support given to us by the volunteers.

Our Staff

Trustees would like to thank Thrive s staff for their commitment and professionalism. Many of them go wellbeyond what is expected of them, supporting events and activities in the evenings and at weekends and alwaysgoing the extra mile with the work they do to support disabled people.

In January 2012, Nicola Carruthers resigned as Chief Executive and the Trustees record their thanks to her.Susan Stuart has acted as Chief Executive since her departure and our thanks go to her for the sterling servicegiven to date.

TRUSTEES' RESPONSIBILITIES STATEMENT

The trustees (who are also directors of The Society for Horticultural Therapy for the purposes of company law)are responsible for preparing the Trustees' report and the financial statements in accordance with applicable lawand United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company and charity law

requires the Trustees

to prepare financial statements

for each financial year

whichgive a true and fair view of the state of affairs of the charitable company

and of the incoming resources andapplication of resources, including the income and expenditure,

of the charitable company

for that period.

Inpreparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;

observe the methods and principles in the Charities SORP;

make judgments and estimates that are reasonable and prudent;

prepare the financial statements

on the going concern basis

unless it is inappropriate to presume thatthe charitable company will continue in operation.

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The Trustees

are

responsible for keeping

adequate

accounting records that

disclose with reasonable accuracy

at any time the financial position of the charitable company

and enable them

to ensure that the financial

statements

comply with the Companies Act 2006. They are

also responsible for safeguarding the assets of the

charitable company

and hence for taking reasonable steps for the prevention and detection of fraud and otherirregularities.

Page 10





PROVISION OF INFORMATION TO AUDITOR

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

so far as that Trustee

is aware, there is no relevant audit information of which the company's auditor isunaware, and

that Trustee

has taken all the steps that ought to have been taken as a Trustee

in order to be aware ofany information needed by the company's auditor in connection with preparing its

report and toestablish that the company's auditor is aware of that information.

This report was approved by the Trustees on and signed on their behalf, by:

................................................Brian Donohoe MPChairman

Page 11



INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE SOCIETY FOR HORTICULTURAL

THERAPY

We

have audited the financial statements

of The Society for Horticultural Therapy

for the year

ended 31 March

2012

set out on pages 14 to 30. The financial reporting framework that has been applied in their preparation is

applicable law

and United Kingdom Accounting Standards

(United Kingdom Generally Accepted Accounting

Practice).

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND AUDITOR

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors ofthe charitable company for the purposes of company law) are responsible for the preparation of the financialstatements and for being satisfied that they give a true and fair view.

Our responsibility is to audit and express an opinion on the financial statements in accordance with applicablelaw and International Standards on Auditing (UK and Ireland). Those standards require us to comply with theAuditing Practices Board's Ethical Standards for Auditors.

SCOPE OF THE AUDIT OF THE FINANCIAL STATEMENTS

A description of the scope of an audit of financial statements

is provided on the Auditing Practices Board'swebsite at www.frc.org.uk/apb/scope/private.cfm.

OPINION ON FINANCIAL STATEMENTS

In our opinion the financial statements:

give a true and fair view

of

the state of the charitable company's affairs

as at 31 March 2012

and of itsincoming resources and application of resources, including its income and expenditure,

for the yearthen ended;

have been properly prepared in accordance with United Kingdom Generally Accepted AccountingPractice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

OPINION ON OTHER MATTER PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion the information given in the Trustees' report for the financial year for which the financialstatements are prepared is consistent with the financial statements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

We

have nothing to report in respect of the following matters where

the Companies Act 2006

requires us

toreport to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not beenreceived from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of trustees' remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit.

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http://www.frc.org.uk/apb/scope/private.cfm



INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE SOCIETY FOR HORTICULTURAL

THERAPY

Adrian Rann BSc FCA (Senior Statutory auditor) for and on behalf of James Cowper LLP

Chartered Accountants & Statutory Auditor Mill HouseOverbridge SquareHambridge LaneNewburyBerkshireRG14 5UXDate:

Page 13



STATEMENT OF FINANCIAL ACTIVITIESFOR THE YEAR ENDED 31 MARCH 2012

Restrictedfunds

Unrestrictedfunds

Totalfunds

Totalfunds

Note2012

£2012

£2012

£2011

£

INCOMING RESOURCES

Incoming resources from generated funds: Voluntary income 2 29,210 243,466 272,676 334,018 Activities for generating funds 3 - 24,094 24,094 49,221 Investment income 4 - 99,647 99,647 110,890Incoming resources from charitable

activities: Education activities

Education activities: Increasing theexpertise of professionals 5 49,190 130,649 179,839 139,985

Education activities: Increasing theknowledge and skills of disabled people 5 383,547 577,997 961,544 1,011,592

TOTAL INCOMING RESOURCES 461,947 1,075,853 1,537,800 1,645,706

RESOURCES EXPENDED

Costs of generating funds: 7 4,910 122,776 127,686 187,072Charitable activities: Education activities

Education activities: Increasing theexpertise of professionals 6 54,001 372,914 426,915 262,037

Education activities: Increasing theknowledge and skills of disabled people 6 460,588 616,835 1,077,423 1,437,580

Promotion 6 - 27,987 27,987 61,480Governance costs 8 - 25,774 25,774 39,341

TOTAL RESOURCES EXPENDED 519,499 1,166,286 1,685,785 1,987,510

NET RESOURCES EXPENDED BEFORETRANSFERS (57,552) (90,433) (147,985) (341,804)

Page 14



STATEMENT OF FINANCIAL ACTIVITIES (continued)


Restrictedfunds

Unrestrictedfunds

Totalfunds

Totalfunds

Note2012

£2012

£2012

£2011

£

Transfers between Funds

19 (7,600) 7,600 - -

NET RESOURCES EXPENDED BEFOREINVESTMENT ASSET DISPOSALS (65,152) (82,833) (147,985) (341,804)

Gains and losses on investment assets 15 - (3,329) (3,329) 8,799

NET INCOMING RESOURCES /(RESOURCES EXPENDED) BEFOREREVALUATIONS (65,152) (86,162) (151,314) (333,005)

Gains and losses on revaluations ofinvestment properties 14 - 126,000 126,000 100,000

NET MOVEMENT IN FUNDS FOR THEYEAR (65,152) 39,838 (25,314) (233,005)

Total funds at 1 April 2011 523,752 3,120,784 3,644,536 3,877,541

TOTAL FUNDS AT 31 MARCH 2012

458,600

3,160,622

3,619,222

3,644,536

All activities relate to continuing operations.

The notes on pages 18 to 30 form part of these financial statements.

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SUMMARY INCOME AND EXPENDITURE ACCOUNT


Restrictedfunds

Unrestrictedfunds

Totalfunds

Totalfunds

Note2012

£2012

£2012

£2011

£

TOTAL INCOME 461,947 1,075,853 1,537,800 1,645,706

LESS: TOTAL EXPENDITURE 519,499 1,166,286 1,685,785 1,987,510

Net expenditure for the year beforetransfers and investment assetrevaluations (57,552) (90,433) (147,985) (341,804)

Transfers between funds 19 (7,600) 7,600 - -

Net expenditure for the year beforeinvestment asset revaluations (65,152) (82,833) (147,985) (341,804)

Gain/(loss) on investment assets 19 - (3,329) (3,329) 8,799

NET EXPENDITURE FOR THE YEAR 19

(65,152)

(86,162)

(151,314)

(333,005)


STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSESFOR THE YEAR ENDED 31 MARCH 2012

Restrictedfunds

Unrestrictedfunds

Totalfunds

Totalfunds

Note2012

£2012

£2012

£2011

£

NET EXPENDITURE FOR THE YEAR 19 (65,152) (86,162) (151,314) (333,005)

Gains and losses on revaluations ofinvestment properties - 126,000 126,000 100,000

TOTAL GAINS AND LOSSESRECOGNISED SINCE 1 APRIL 2011 19 (65,152)

39,838

(25,314)

(233,005)

There is no difference between the expenditure

on ordinary activities for the year

stated above and its historicalcost equivalent.


Page 16


(A company limited by guarantee)REGISTERED NUMBER: 1415700

BALANCE SHEETAS AT 31 MARCH 2012

2012 2011Note £ £ £ £

FIXED ASSETS

Tangible assets

13 606,814 588,488

Investment property 14 1,540,000 1,414,000

Investments

15 980,297 983,626

3,127,111 2,986,114

CURRENT ASSETS

Stocks 16 - 4,925

Debtors 17 168,687 208,567

Short term deposits 99,982 410,000

Bank balances and cash in hand 373,573 153,947

642,242 777,439

CREDITORS: amounts falling due withinone year 18 (150,131) (119,017)

NET CURRENT ASSETS 492,111 658,422

NET ASSETS 3,619,222

3,644,536

CHARITY FUNDS

Restricted funds 19 458,600 523,752

Unrestricted funds 19 3,160,622 3,120,784

3,619,222

3,644,536

The financial statements were approved by the Trustees

on

and signed on theirbehalf, by:

................................................Brian Donohoe MPChairman


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NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2012

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements

have been prepared under the historical cost convention, with theexception of investments which are included at market value. The financial statements

have beenprepared in accordance with the Statement of Recommended Practice (SORP), "Accounting andReporting by Charities" published in March 2005,

applicable accounting standards

and theCompanies Act 2006.

1.2 Company status

The company

is a company limited by guarantee. The members of the company are the Trusteesnamed on page 1. In the event of the company

being wound up, the liability in respect of theguarantee is limited to £1 per member of the company.

1.3 Fund accounting

General funds are freely available for use by the charity.

Designated funds represent balances earmarked by the Trustees for specific purposes.

Restricted funds comprise of balances held on trust for specific purposes.

Investment income, gains and losses are allocated to the appropriate fund.

1.4 Incoming resources

All incoming resources are accounted for on a receivable basis. No amounts are included forservices donated by volunteers.

Income from legacies is accounted for when the amount and timing of the receipt is known withsufficient certainty. Entitlement is the earlier of the charity being notified of an impendingdistribution or the legacy being received.

1.5 Resources expended

All expenditure is accounted for on an accruals basis. Costs are apportioned by the basis of actualcosts where possible. Where costs cannot be attributed directly to particular headings they havebeen allocated on a basis consistent with the use of head count.

Governance costs are those incurred in connection with administration of the company andcompliance with constitutional and statutory requirements.

Costs of generating funds are those costs incurred to raise voluntary income and costs of tradingactivities for the purpose of raising funds. Governance costs are costs incurred in meeting theconstitutional and statutory requirements of the charity.

1.6 Cash flow

The company

has taken advantage of the exemption in Financial Reporting Standard No.1 from therequirement to produce a cash flow statement on the grounds that it is a small charitable company.

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1. ACCOUNTING POLICIES (continued)

1.7 Tangible fixed assets and depreciation

All assets costing more than £750 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at ratescalculated to write off the cost of fixed assets, less their estimated residual value, over theirexpected useful lives on the following bases:

Freehold buildings - 2% straight lineImprovement to properties - 20% straight lineEquipment - computers - Various rates depending on the projectEquipment - other - 10-20% straight lineMotor vehicles - 25% straight line

1.8 Other investments

Investments are stated at market value at the balance sheet date. The Statement of FinancialActivities (SOFA)

includes the net gains and losses arising on revaluations and disposalsthroughout the year.

1.9 Investment Properties

Investment properties are included in the accounts at open market value. all movements arisingfrom revaluation are shown in the SOFA. Realised gains or losses on investment properties arecalculated as the difference between the disposal proceeds and the market value at the beginningof the year or cost of purchases during the year. Unrealised gains and losses are derived from themovement in the market values during the year.

2. VOLUNTARY INCOME

Totalfunds

Totalfunds

2012£

2011£

Donations and gifts 272,676 318,768Legacies - 15,250

Voluntary income

272,676

334,018

3. FUNDRAISING INCOME

Totalfunds

Totalfunds

2012£

2011£

Fundraising events 5,321 36,495Rental income 4,100 6,217Other 14,673 6,509

24,094

49,221

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4. INVESTMENT INCOME

Totalfunds

Totalfunds

2012£

2011£

Property rental 27,737 28,744Investment income 67,318 66,358Bank interest 4,592 15,788

99,647

110,890

5. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

Grants£

OtherIncome

£

2012Total

£

2011Total

£

Education: of professionals 49,190 130,649 179,839 139,985 of disabled people 383,547 577,997 961,544 1,011,592

Total 432,737 708,646 1,141,383 1,151,577

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Other income:

2012 £

2011 £

Income for rehabilitation and training in horticultural skills 562,924 551,289Training for professionals 81,762 74,908Membership fees 12,836 12,952Other income 51,124 37,165

Total 708,646 676,314

Grants

Grants were from the Big Lottery Fund (£151,543), London Councils (£96,950) and various charitable trusts including Wates Family Enterprise Trust, Dunhill Medical Trust and the AD Trust. All grants were used for specific services as stipulated by the donor

Included in grant income above has been the following movements on deferred income: 2012

£ 2011

£

Deferred income released in year 19,699 15,000Income deferred in year (48,930) (19,699)Income received in year 461,967 479,962

Total grant income received 432,736 475,263

6. TOTAL RESOURCES EXPENDED

Staff costs£

Direct costs£

Supportcosts

£

Depreciation£

2012£

2011£

Cost of generatingfunds 90,749 10,239 21,768 4,930 127,686 187,072

Charitable activities

Education -professionals 301,456 48,940 60,360 16,159 426,915 262,037

Education - disabledpeople 776,452 95,898 163,591 41,482 1,077,423 1,437,580

Promotion 22,757 - 4,013 1,217 27,987 61,480

Governance 5,811 6,119 13,498 346 25,774 39,341

Total 1,197,225 161,196 263,230 64,134 1,685,785 1,987,510

Volunteers assist with a variety of activities, as described in more detail in the Trustees' report. In the year ended 31 March 2012 volunteers contributed more than 21,500 hours to Thrive, however it is not considered practical to assign a monetary value to this contribution.

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7. COSTS OF GENERATING FUNDS

2012 £

2011 £

Cost of generating voluntary income 127,054 185,308Investment property costs 632 1,764

Total 127,686 187,072

8. GOVERNANCE COSTS

Totalfunds

Totalfunds

2012£

2011£

Auditors' remuneration for audit work 9,120 8,499Trustee expenses 6,119 6,277Other costs 4,724 2,013Staff costs 5,811 22,552

25,774

39,341

9. ANALYSIS OF DIRECT COSTS OF CHARITABLE ACTIVITIES

Education -Professionals

£

Education -Professionals

£

2012£

2011£

Programme costs & materials 22,164 14,717 36,881 54,835Transport - 10,979 10,979 10,260Volunteer costs 7,450 - 7,450 7,574Training 19,326 2,775 22,101 19,693Events - 10,503 10,503 86,856Printing - 28,446 28,446 39,811Audio - - - 2,845Website - - - 7,091Marketing & PR - 28,478 28,478 43,338Battersea - - - 43,593Other - - - 4,941

Total 48,940 95,898 144,838 320,837

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10. ANALYSIS OF SUPPORT COSTS OF CHARITABLE ACTIVITIES

Education -professionals

£

Education -disabled

people£

Promotion£

2012£

2011£

Other staff costs 13,123 22,533 449 36,105 61,257Insurance 2,612 6,706 197 9,515 9,038Office costs 19,074 50,483 1,427 70,984 68,033Travel & subsistence 5,541 15,015 433 20,989 20,229Property expenses 13,433 34,483 1,012 48,928 73,003Legal and professional fees 6,577 34,371 495 41,443 88,370

Total 60,360 163,591 4,013 227,964 319,930

Support costs have been allocated on the basis of head count

11. NET RESOURCES EXPENDED

This is stated after charging:

2012 2011 £ £

Depreciation of tangible fixed assets:- owned by the charity 64,134 48,544

Auditor's remuneration 9,120 8,499

During the year, no Trustees received any remuneration (2011 - £NIL).During the year, no Trustees received any benefits in kind (2011 - £NIL).4

Trustees received reimbursement of expenses amounting to £1382 in the current year,

(2011 - 2Trustees - £298).

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12. STAFF COSTS

Staff costs were as follows:

2012 2011 £ £

Wages and salaries 1,082,553 1,126,987Social security costs 93,671 96,900Other pension costs 21,001 26,048

1,197,225

1,249,935

The average monthly number of employees during the year was as follows:

2012 2011 No. No.

Generating voluntary income 2.36 3.19Governance 0.25 0.25Charitable Activities

Education - professionals 8.91 3.76Education - disabled people 23.62 22.70Communication & promotion 0.69 0.57Support 10.46 7.97

46.29 38.44

The number of higher paid employees was:

2012 2011 No. No.

In the band £70,001 - £80,000 1 0In the band £80,001 - £90,000 0 1

1 1

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13. TANGIBLE FIXED ASSETS

Freeholdproperty

Improvementsto property

Motorvehicles

Officeequipment Total

£ £ £ £ £

Cost

At 1 April 2011 633,290 131,117 50,094 92,645 907,146Additions - 79,843 - 2,617 82,460Disposals - - - (20,477) (20,477)

At 31 March 2012 633,290 210,960 50,094 74,785 969,129

Depreciation

At 1 April 2011 132,597 61,231 50,094 74,736 318,658Charge for the year 11,077 42,448 - 10,609 64,134On disposals - - - (20,477) (20,477)

At 31 March 2012 143,674 103,679 50,094 64,868 362,315

Net book value

At 31 March 2012 489,616

107,281

-

9,917

606,814

At 31 March 2011 500,693

69,886

-

17,909

588,488

14. INVESTMENT PROPERTY

Freeholdinvestment

property£

Cost

At 1 April 2011 1,414,000Surplus/(deficit) on revaluation 126,000

At 31 March 2012 1,540,000

The 2012 valuations were made by Carter Jonas, on an open market value for existing use basis.

Properties gifted to the charity comprise premises used as a hotel and restaurant, land surrounding theCharity's premises at Beech hill and a cottage called Broadview.

The properties were valued in 2007 in accordance with the RCIS Appraisal and Valuation Manual (''RedBook''). This valuation was updated in March 2012 by Carter Jonas, Property consultants. The originalbequest was recorded as a nil amount.

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15. FIXED ASSET INVESTMENTS

Listedsecurities

Unlistedsecurities Total

£ £ £

Market value

At 1 April 2011 185,820 797,806 983,626Losses (3,329) - (3,329)

At 31 March 2012

182,491

797,806

980,297

Investments at market value comprise:2012 2011

£ £

Listed investments 182,491 185,820Unlisted investments 797,806 797,806

Total market value

980,297

983,626

All the fixed asset investments are held in the UK

The listed securities comprise of units in the charity common investment fund, Charifund, managed byM&G investments.

The historic cost of fixed asset investments is £847,110 (2011: £847,110).

Unlisted investments are valued on the basis of the valuation given in the entity's own audited accounts.

16. STOCKS

2012 2011 £ £

Goods for resale -

4,925

17. DEBTORS

2012 2011 £ £

Trade debtors 102,988 119,410Prepayments and accrued income 65,699 89,157

168,687

208,567

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18. CREDITORS:Amounts falling due within one year

2012 2011 £ £

Trade creditors 45,888 51,000Social security and other taxes 24,299 29,965Other creditors 6,439 5,300Accruals and deferred income 73,505 32,752

150,131

119,017

19. STATEMENT OF FUNDS

BroughtForward

IncomingResources

ResourcesExpended

Transfersin/out

Gains/(Losses)

CarriedForward

£ £ £ £ £ £

Designated funds

Property and estatemaintenance/development fund 300,000 - - - - 300,000

ICT fund 48,228 - - - - 48,228Investment

property fund 1,414,000 - - - 126,000 1,540,000

1,762,228 - - - 126,000 1,888,228

General funds

General fund 1,358,556 1,075,853 (1,166,286) 7,600 (3,329) 1,272,394

Total Unrestrictedfunds 3,120,784 1,075,853 (1,166,286) 7,600 122,671 3,160,622

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19. STATEMENT OF FUNDS (continued)

Restricted funds

BroughtForward

IncomingResources

ResourcesExpended

Transfersin/out

Gains/(Losses)

CarriedForward

£ £ £ £ £ £

Battersea 286,084 8,495 (4,910) - - 289,669Growing Options

Battersea 4,797 2,354 (7,151) - - -Working it out (AD

Trust) 45,077 36,653 (35,087) - - 46,643Eco Minds

BatterseaPathways 3,121 8,664 (7,273) - - 4,512

Grow and Learn - 10,000 - - - 10,000Wates Family

Enterprise Trust 18,927 30,000 (32,114) - - 16,813Berkshire West

PCT 8,385 - (8,385) - - -The Garden Gang 11,757 1,658 (3,472) (7,600) - 2,343Keep Gardening 5,067 17,021 (22,088) - - -Gardening therapy

for StrokeSurvivors 23,886 32,401 (35,001) - - 21,286

Working It Out/ESF 58,934 96,950 (155,884) - - -Life after stroke -

John Ellerman 23,449 - (23,449) - - -Pots and Petals 1,900 12,000 (13,900) - - -Green Circle -

Headley Trust 15,000 - (15,000) - - -Community Rural

Gardening 10,231 82,246 (78,349) - - 14,128Eco Minds - Big

Lottery 7,137 69,297 (62,801) - - 13,633Community Wildlife - 9,244 (9,244) - - -Garden Gallery - 19,190 (1,190) - - 18,000Eleanor Palmer

Trust - GrowingOptions OakLodge - 4,400 (58) - - 4,342

Working It Out - JoMalone - 659 - - - 659

Fixed asset - 20,715 (4,143) - - 16,572

523,752 461,947 (519,499) (7,600) - 458,600

Total of funds 3,644,536

1,537,800

(1,685,785)

-

122,671

3,619,222

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19. STATEMENT OF FUNDS (continued)

The Designated Funds- Funds for the maintenance, upgrade and development of buildings and surrounds at Thrive.- Funds to further develop ICT. The Trustees have agreed a 3 year programme of ICTimprovement.- Investment property fund - for the longer term security of the charity. Trustees may seek to realise

some or all of these assets to support the charity s 2012-15 business strategy which was approvedon 20th March 2012.

Restricted Funds represent grants and other monies received specifically for defined projects. Thesefunds will be utilised over the period of the grant.

SUMMARY OF FUNDS

BroughtForward

IncomingResources

ResourcesExpended

Transfersin/out

Gains/(Losses)

CarriedForward

£ £ £ £ £ £

Designated funds 1,762,228 - - - 126,000 1,888,228General funds 1,358,556 1,075,853 (1,166,286) 7,600 (3,329) 1,272,394

3,120,784 1,075,853 (1,166,286) 7,600 122,671 3,160,622

Restricted funds 523,752 461,947 (519,499) (7,600) - 458,600

3,644,536

1,537,800

(1,685,785)

-

122,671

3,619,222

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restrictedfunds

Unrestrictedfunds

Totalfunds

Totalfunds

2012£

2012£

2012£

2011£

Tangible fixed assets 16,572 590,242 606,814 588,488Fixed asset investments - 980,297 980,297 983,626Investment property - 1,540,000 1,540,000 1,414,000Current assets 442,028 200,214 642,242 777,439Creditors due within one year - (150,131) (150,131) (119,017)

458,600

3,160,622

3,619,222

3,644,536

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21. OPERATING LEASE COMMITMENTS

At 31 March 2012

the company

had annual commitments under non-cancellable operating leases as

follows:

2012 2011£ £

Expiry date:

Within 1 year - 640Between 2 and 5 years 5,084 3,943

22. OTHER FINANCIAL COMMITMENTS

A contingent liability exists in respect of an employment claim. The Trustees consider that no liablityexists.

23. RELATED PARTY TRANSACTIONS

Christopher D'Olley is a partner of Carter Jonas LLP. Thrive engaged the services of Carter Jonas toundertake the valuation of the investment properties for the year ended 31 March 2012. The fee for thiswork was £1,860 (2011: £nil) and this amount was outstanding at the year end.

24. CONTROLLING PARTY

The Trustees control the Charity.

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Documents

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