Company registration number.. 02461558
Charity registration number: 1000067
Trebah Garden Trust
(A company Ilmlted by guarantee)
Annual Report and Flnanclal Statements
for the Year Ended 31 January 2024

Trebah Garden Trust
Contents
Reference and Admlnlstratlve Detalls
Report of the Council of Management
2to9
Statement of Trustee5' Responslbllltles
io
Independent Audltors, Report
lito 14
Consolldated Statement of Flnancial Actlvltles
15
Consolldated Balance Sheet
16
Balance Sheet
17
Consolldated Statement of Cash Flows
18
Statement of Cash Flows
19
Notes to the Flnanclal Statements
20to38

Trebah Garden Trust
Reference and Administrative Details
Councll of Management
H S Bradshaw
Z M Curnow {appointed 20 June 2023)
R Dudley~Cooke, Chalrman
M D Harvey
T Hubbard
N S K Khalra {appolnted 20 June 2023)
S Nathan (reslgned 31 October 2023)
G F Plpkln (reslgned 31 October 2023)
C R Rlchèrdson
R F Townsend
Company Secr•tary
G Wllkes
Regl$tor¢d Offlce
Trebah
Mawnan Smlth
Falmouth
Cornwall
TRII 5JZ
The charlty Is Incorporated In England and Wales.
02461558
Company Reglltratlon Number
Charlty Reglstratlon Number
1000067
Banker•
Barclays Bank plc
14 Klng Street
Truro
Cornwall
TRI 2RB
Audltor
Walker Moyle Ltd
3 Chapel Street
Redruth
Cornwall
TR15 2BY
Page I

Trebah Garden Trust
Report of the Council of Management
The Council of Management present the annual report together with the financlal statements and auditors,
report of the charltable group and company for the year ended 3 1 January 2024. This report also contalns the
Dlrectors, Report as required by company law. The Council of Management has adopted the provisions from the
Statement of Recommended Practice {SORP) "Accounting and Reporting by CharStSes" Issued in 2019 {FRS 102)
In preparlng the annual report and financlal statements of the Charlty and Is prepared In accordance with the
small company reglme Sectlon 419(2) of the Companles Act 2006,
Reference Jnd Admlnlstratlve Detalls
Prlnclpal Offlce
Trebah
Mawnan Smlth
Falmouth
Cornwall
TRII 5JZ
The charlty Is Incorporated In England and Wales,
Company Regl•tratlon Numb•r
02461558
Ch•rlty R•gl•tratlon Number
1000067
structurei governance and management
Nature of qovernlng document
The Charlty Is a charltable company Ilmlted by guarantee and was Incorporated on 22 January 1990. It Is
governed by Its memorandum and artlcles of assoclatlon.
The trustees as a body are known as the Councll of Management.
Councll of Management
The Councll of Management durln9 the year under revlew were..
H S Bradshaw
Z M Curnow {appolnted 20 June 20231
R Dudley-cooke, Chalrman
M D Harvey
T Hubbard
N S K Khalra {appolnted 20 June 20231
S Nathan (reslgned 31 October 2023)
G F Plpkln (reslgned 3 1 October 2023)
C R Rlchardson
R F Townsend
In accordan￿ wlth the Artlcles of Assoclation, Mr H S Bradshaw, Mr M Harvey and Mr T Hubbard wlll retlre at
the forthcomlng Annual General Meetlng, and, belng ellglble, wlll stand for re-electlon.
An Operatlon5 Dlrectorls appolnted by the Trustees to manage the day-to-day operatlons of the Charlty. The
Operations Director reports directly to the Councll of Management. Nlgel Burnett was Operatlons Dlrector from
l February 2023 untll his retlrement on 23 June 2023. Jon Cummins (previously Operatlons Manager at Trebah
Garden} was appointed by the Council of Management to be Nigel Burnett's successor in May 2023. The
Operations Dlrector role title changed to that of Chlef Executlve Offlcer at the tlme of Jon Cummlns,
appointment.
The Charity pays Trustees Indemnity Insurance which cost £3,587.21 during the year.
Page 2

Trebah Garden Trust
Report of the Council of Management
Arrangements for settlng key management personnel remuneratlon
The Council of Management are responsible for setting the pay of the Chief Executive Officer, having revSewed
the Job description, role and responsibillties, benchmarking agalnst local and Industry pay scales. The pay of all
other staffls set by the CEO In the same way.
R•crultment Jnd appolntment of trustees
All members are clrculated with Invltatlons to nomlnate trustees prlor to the annual general meetlng. The
Councll of Management are aware of the need to encompass In thelr make up as many skllls as are approprlate
to the activltles and remlt of the Charlty. In consequence, the Councll of Management request Indlvlduals to
Joln the Council or the approprlate sub-commlttee where addltlonal speclallst advlce Is sought and as a mearns
of posslble recrvltment as a future trustee to the Councll, The alm Is to retaln a group of trustees wlth a broad
and relevant range of skllls and experlence.
Inductlon and tralnlnq of trusteés
New trustees are brlefed on thelr legal obllgatlons under charlty 3nd company law and the content of the
Memorandum and Artlcles of Assoclatlon. They are Informed about the declsion-maklng process and
famlllarlsed wlth the buslness plan and flnanclal performance of the Charlty and, ès soon as practlcal,
Introduced to the key employees. Speclflc tralnlng of tru5tee5 Is addressed as and when matters arlse or
particular area Is Identlfled.
Organlsatlon41 structure
The Councll of Management admlnlsters the Charlty and must have a mlnlmum of 7 members and a maxlmum
of 12 members. There are currently 8 members. The Coullcll meets normally every 3 months. There are two
sub-commlttee5, prlnclpally a Management Commlttee whlch meets more regularly to whom the day-to-day
management Is delegated. In addltlon, there Is a Garden Commlttee whlch covers gardenlng matters. These
sub-commlttees report to the Councll of Management and all strateglc and pollcy declslons are made by the
Councll of Management wlth advlce from the sub-commlttees.
Zoè Curnow and Nlna Khalra, co-opted as trustees durlng 2022123 flnanclal year, were voted In as Trustees
and therefore members of the Councll of Management at the AGM on 14 October 2023. They brlng a wlde
range of relevant experlence to the Councll.
The Councll of Management, excludlng seconded members, are also the dlrectors of the wholly owned tradlng
subsldlary, Trebah Enterprlses Llmlted.
In accordance wlth the Charlty Commlsslon Guldellnes on Sound Governance, the Councll of Management
regularly revlews the membershlp of the trustee body to ensure It operates effectlvely,
Investment Powers
Under the memorandum and artlcles of assoclatlon, the Charlty has the power to make any Investment, whlch
the Councll of Management sees fit.
Rel•tlon$hlps wlth r•lated partles
The Charity has a close relatlonshlp wlth 'The Great Gardens of Cornwall" a limlted company that carrles out
Jolnt marketlng and advertising support for Trebah and other gardens In Cornwall. A summary of other related
party transactlons Is set out In note 26 to the flnanclal statements,
Rlsk
The Councll of Management Is satlsfled that the major rlsks to whlch the Charlty Is exposed have been
Identlfled ènd the Trustee5 continue to consider rlsk management In all declslon-maklng. Procedures have been
Implemented to mltigate the risk5 posed by both Internal and external factors.
Page 3

Trebah Garden Trust
Report of the Council of Management
Flnanclal Rlsk Management
The Charlty carefully appraSses Its flnanclal rlsks and pursues a pollcy of malntalnlng prudent reserves and
carefully plannlng of capital proj'ects or substantlve expendltures.
Where posslble the Charlty seeks to mltbgate flnanclal rlsk through suitable Insurance arrangements.
Importantlyi the Charlty make5 every effort to ensure pricing of services and facilities are competitive and offer
falr value.
Credlt rlsk
The nature of Its actlvltles does not leave the Charlty especlally exposed to credlt rlsk. Indeed, very Ilttle of the
Charlty's Income Is deferred, so credlt rlsks are mlnlmal,
Llquldlty rlsk
The Charlty manages Its cash flows very carefully, Desplte slgnlflcant seasonal shlfts In Sts funding needs the
Charlty consider that It has adequate reserves and cash resources to ensure It are not taklng undue rlsks In
terms of cash avallablllty and Ilquldlty.
Property Rlsk
Trebah does not own most of the area currently used for the car park, Instead thls Is retalned under an annual
Ilcence from a nelghbourlng landowner. The Charlty malntalns a good relatlonshlp wlth Its nelghbours but the
rlsk remalns that future Ilcences may not be granted and therefore the buslness contlnulty at current levels
would be at rlsk. In thls sltuatlon the Charlty would need to allocate alternatlve parklng areas wlth further
potentlal constralnts and Impacts.
These procedsjres are perlodlcally revlewed to ensure that they stlll meet the needs of the organlsatlon.
ObJectlve• and actlvltle$
Objerts and alm$
"To preserve, enhance and recreate for the educatlon and enjoyment of the publlc the gardens of Trebah,
Mawnan Smlth and such other propertles for whlch the Trust may accept responslblllty. To promote the
education of the publlc on matters connected wlth the Arts and Sclences of garden land.
The prlnclpal responslblllty of the Trust Is to ensure the contlnuance of the garden In perpetulty for the beneflt
of vlsltors and to ralse, through entrance fees and Its commerclal operatlons, sufflclent Income to enable the
Trust to dlscharge that responslblllty.
Publlc beneflt
The trustees conflrm that they have complled wlth the requlrements of sectlon 4 of the Charltles Act 2011 to
have due regard to the publlc beneflt guldance publlshed by the Charlty Commlsslon for England and Wales.
ObJ•ctlv•4 Strategles and artlvltles
The prlnclpal actlvlty In the year under revlew was that of the runnlng of the gardens at Trebah, Mawnan Smlth
for charltable purposes, together wlth tradlng operatlons carrled on by Its subsldlary company, Trebah
Enterprlses Llmited.
The tradlng operatlons comprlse the runn￿ng of a gSft shop, cafeterla and plant sales at Trebah, the prlnclpal
purpose of which is to raise funds for Trebah Garden Trust and meeting the Trust's objectlves.
The maln actlvlty undertaken to further the Charlty's purpose for the publlc beneflt Is the malntalnlng and
Improving of the gardens.
Trebah Lodge will be the major capital projett for the year, with renovations planned to be complete in
Summer 2024.
The trustees continue to ensure the Charity complles Wlth the Charity Commlsslon'5 guidance on public benefit.
Page 4

Trebah Garden Trust
Report of the Council of Management
Revlew of the year
In common wlth most vlsltor attractlons In Cornwall, 2023 was a year of consolldatlon followlng the trauma of
the pandemlc. In the year to 31 January 2024, despite a modest budget, vlsltor number5 grew from 83,956 In
2022123 to 100,500, as we returned to openlng Trebah Garden dally.
As a result total net Income grew from £1,856,224 In 2022123 to £2,306,138 In 2023124, The charlty returned
to Surplus wlth contrlbutlon from a deflclt of £34,242 In 2022123 to a proflt of £65,276 In 2023124.
In January 2023 the Oeclslon was taken to open Trebah Garden 5even-days a week from Aprll-october.
Followlng a successful Inltlal perbod, In July the declslon was taken to return to daily openlng year-round on a
permanent basls as per pre-covld opening arrangements, Trebah remalns closed on Chrlstmas Eve, Chrlstmas
Day and Boxlng Day annually. Followlng the necessary adoptlon of a cash-free buslness dur￿ng covld, thls
approach remalned In place untll August 2023 when the declslon was taken to re-lntroduce cash, whlch has
helped further Increase turnover and Improve vlsltor feedback.
There were several slgnlflcant changes In the Trebah team durlng 2023124. Nlgel Burnett, who played a major
role as Operatlons Dlrector for Trebah over 18 years, retlred In June. We conducted an external recrultment
process to flll thls key post. Jon Cummlns was successful as an Internal candldate and was appolnted as Chlef
Executlve Offlcer on 1st May 2023.
Wlth the Incumbent Flnance Manager retlrlng In March, In January we recruSted Glna Wllkes to the role as
successor. Thls role v4as upgraded to Head Of Flnance IHOF) on 1st May 2023 to reflect the fact thls role acts
as Company Secretary for Trebah Garden Trust and Trebah Enterprlses Ltd and deputlslng for the CEO on
buslness matters as requlred,
The Creatlve and Commerclal Dlrector was made redundant and left the bu5Ine55 In Aprll. As a resull. we
created a new role of Marketlng Executlve whlch we recrulted Internally. We have slnce Increased the
marketlng budget and focused on promotlng Trebah wlth hlgh quallty and relevant content across appropriate
channels,
The Creatlve Producer also reslgned from thls part-tlme role In May. In turn we appolnted externally to the new
role of Programmlng and Engagement Co-ordlnator (full tlme) In August, responslble for events, actlvltles and
volunteerlng at Trebah. As a result Trebah's events programme has been revlsed wlth a programme of Indoor
exhlbltlons and performances relevant to our audlences and the garden. In January 2024 a volunteer
recrultment drlve began In earnest wlth 30 new volunteers wantlng to become Involved wlth our work,
The post of Health and Safety Offlcer lone day per weekl was made redundant In September 2023 and we
Sntroduced the post of Faclllties Manager (full tlmel whlch was recrulted Internally. Thls post comblnes the
responslblllty for malntenance wlth H&S. A new role of Food and Beverage Manager (full-tlme) was created to
oversee all operatlons In Trebah Kltchen and the Boathouse on the beach. We appolnted an external candldate
to thls post In October 2023.
As of the close of January 2024 three roles wlthln the retall arm of the buslness are undergolng a
reorganlsatlon to ratlonallse the retall stafflng Structure.
Followlng the retlrement of both Lucle Nottingham and Sue Nathan as members of the Councll of Management
and Garden Commlttee, we have recrulted two new members of the Garden Commlttee In order to relnforce
the commlttee's breadth and depth of knowledge and experience. John Lanyon, Head Gardener of Trellsslck,
Trerice and Glendurgan for the National Trust and Melanle Klng, a keen gardener and local Trebah member
Jolned the Commlttee In October.
Trebah's membershlp scheme contlnues to bulld momentum and Importantly to galvan15e local support. As
foundatlon for thls, a three-year admission and membershlp prlclng strategy has been developed. Group
booklngs, both domestlc and overseas are also strong for 2024, glvlng us further optlmlsm.
To strengthen Trebah's Strateglc Plan a Marketlng Plan and a Programmlng Plan have been developed.
Page 5

Trebah Garden Trust
Report of the Council of Management
A number of revlews were commissloned during the year to ascertain actions necessary for achleving and
malntalnlng compllance..
Review of HR processes and proCedU￿S
A GDPR Audlt
A H&S audlt
An ongolng Internal revlew of financial systems and processes.
Our flr5t anonymous annual staff survey was13unched.
A detailed statement of Company Values was agreed wlth full staff and trustee consultatlon. As part of that a
Vlslon workshop was held wlth both staff and Trustees, the results of whlch are yet to be flnallsed and
Integrated Into the Strateglc Plan,
Employee beneflts have been revlsed wlth the Introductlon of a health-plan scheme, more generous dlscounts
and an addltlonal day annual leave awarded to all employees. Llke most buslnesses we have faced challenges
wlth wage Inflatlon, Increases In the Ilvlng wage and real Ilvlng wage rate. We outsourced our payroll servlces
durlng the year to take advantage of speclallst knowledge.
The Court Garden Project was completed In May at a total cost of approxlmately £430,000. A generous
donatlon of £6,095 from the Tanner Phoenlx Trust was secured vla the Coriiwall Communlty Foundotlon. The
new Court Garden - on the 51te of a former tennls court - opened to vlsltors In mld May and we are dellghted
wlth the new accesslble garden area. It has proved very popular wlth vlsltors and has added to thelr enjoyment
and dwell-tlme, therefore contrlbutlng to Trebah's success thls year.
In Ilne wlth the Stroteglc Plan and wlth the alm of developlng a new Income stream for the charlty the Councll
made the declslon to renovate Trebah Lodge, vacant slnce the retlrement of the Operatlons Dlrector. The
Lodge wlll become Trebah's flrst unit of hollday accommodatlon. Contractors were appolnted In late 2023 wlth
work beglnnlng In January 2024.
In January 2024 we closed Trebah to vlsltors for one week In order to carry out essentlal repalrs and renewals
to our vlsltor centre and the chlldren's play areas. We also replaced our entrance fenclng and vlsltor slgnage.
We faced challenges wlth the rlslng cost of energy throughout thls year, but to help mltlgate that a small
project was completed to Install a second array of solar panels to the Vlsltor Centre Roof whlch It Is hoped wlll
generate up to 27,5 KWH, addlng to Trebah's sustalnablllty credentlals.
The Trustees would Ilke to express thelr thanks to the Trebah team for thelr contlnued hard work and
dedlcatlon throughout the year.
Page 6

Trebah Garden Trust
Report of the Council of Management
Objectlves and Prlorltles for the Comlng Year
We expert the current year to have a rnore posltlve outlook for Trebah Enterprlses and for the charlty. A
contbnued increase In support through Trebah membership and a return to pre-covid levels of coach booklngs
are both reasons for optlmism. Openlng seven days a week has had a positlve outcome and we have budgeted
for Incremental growth this year wlth a view to contlnulng that trend In future years.
Trebah contlnues to go through a perlod of change followlng the appolntment of several sensor management
roles, Including the CEO, Jon Cummlns. Now structural changes have been Implemented In the management
team we need to consolldate further and ensure that we can dellver as a good employer for the wlder team,
who wlll In turn dellver for our vlsltor5 and care for thls speclal place.
The Councll of Managernent conslders that the prlorltles for the current year Include,,
Developlng the Strateglc Plan and agreelng the Vlslon for Trebah.
Recruitment of new Trustees to flll at leBst two board vacancles.
Further Increaslng our vlsltor numbers by promotlng T￿bah as a hlgh quallty and Insplratlonal destlnatlon.
Developlng an agreed Ilst of proposed Investment5 for cycllcal repalrs, malntenance and new projects.
UndertakSng feaslbillty for new capltal projects where needed.
Investlng In the staff team through trainlng.
Further developlng our volunteer Involvement.
To sustaln and wherever posslble make further Improvements to the core vlsltor experlence, together wlth
Improvements to our caterlng and retall actlvltles.
Contlnulng to develop a relevant programme of events and exhlbltlons for Trebah as a garden, that Is
relevant both to our audlences and to the place.
Grant maklng pollcles
The Charlty does not routlnely make grants to other bodles unless there are exceptlon31 clrcumstances.
Use of volunteers
The Charlty has a valuable Input from volunteers prlmarlly Ilnked to supervlsed garden worklactlvltles but also
In support of our events programme, café and vlsltor experlence/orlentatlon. In the year to 31 January 2024,
1708 volunteer hours have been recorded 12023: 1310 volunteer hours). Thls flgure Includes an estlmate ol
320 hours glven by the Councll of Management.
Achlevomonts and performance
The re5uIt5 for the year and flnanclal posltlon of the group are as shown In the annexed financlal statements.
The Trustees do not conslder any further amendment Is requlred to the statement of the flnanclal posltlon of
the Trust as at 31 January 2024,
The result for the year was a surplus of £65,276, compared to the prevlous year deflclt of £34,242,
The Charity's cash posltlon remalned strong prlmarlly because overheads and capltal expendlture have been
carefully managed.
The Consolldated Statement of Flnanclal Artlvltles for the year Is set out on page 15.
Page 7

Trebah Garden Trust
Report of the Council of Management
Key Performance Measures
We alm to ensure the highest standards and ouallty of service and facillties in relation to the garden, our
events and enterprlses, and regularly seek and recelve feedback In these crucial areas. We have a philosophy
of contlnuous Improvements In all that we do.
Trebah has an actlve, valuable and growlng membershlp whlch we engage wlth actlvely. At the tlme of wrltlno
we currently have over 6,400 Trebah Garden members, up from 5,000 a year ago.
Our overrldlng concern Is the long-term Impact of our actlvltles both on the conservatlon and malntenance of
the garden and the flnanclal well-belng of the Trust.
Overall vlsltor numbers remaln below pre-pandemic levels. We welcomed 100,500 vlsltors In 2023124,
compared wlth 120,298 vlsltors In 2019120, Trebah's buslest ever year.
Flnanclal revlew
The results for the year and flnanclal posltlon of the Charlty are as shown In the annexed flnanclal statements.
There was a surplus In the year to 31 January 2024 of £65,276 {2023.' deflclt of £34,242). After thls surplus,
the Net Assets of the Trust Increased to £5,627,979 at the year-end (2023: £5,562,703).
Cash reserves at the year-end amounted to £692,441 (2023.. £572,563). In vlew of contlnulng uncertalntles,
the trustees are encouraged that we have been able to strengthen the level of cash substantlally over the past
12 months.
These accounts comply wlth current statutory requlrements and the Charlty's governlng documents. The
Charlty's assets are consldered adequate to fulfll Its obllgatlons on a fund-by-fund ba515.
Pollcy on reserves
The trustees alm to accumulate Ltnrestrlcted cash reserves of £500,000 by 2025. Thls flgure takes Into account
the seasonal nature of the Trust's Income and a potentlal shutdown for the peak Income generatlng months.
Prlnclpal fundlng sources
All Income thls year has arlsen from donatlons and legacles, actlvltles In furtherance of the objectlves and
tradlng actlvltles for ralslng funds.
Expendlture on Objectlv
In the flnanclal year expendlture Is consldered routlne and of an ongolng nature to preserve and enhance the
garden and educate the publlc on connected matters.
Plans for future perlod•
Actlvltles planned to achleve alms
We are consclous that Trebah's bulldings may need further Investment over the comlng years, The trustees wlll
also contlnuously review the longer-term needs for Trebah vla the 5tr8teglc plannlng process.
This wlll help us In explorlng potential new sources of Income streèms compatlble wlth the objectlves and
resources of the charlty and also how to approprlately Invest our charltable funds.
Golng concern
The Trustees have reviewed the forecasts for the perlod through to July 2025. Trebah Garden Trust has
sound financlal posltlon at the reporting date and is expected to have such in 12 months. The Trustees
consider there are no materlal uncertainties in adopting the golng concern basls of accountlng.
Page 8

Trebah Garden Trust
Report of the Council of Management
Dl$clo$ure of Inlormatlon to audltor
Each trustee has taken steps that they ought to have taken as 3 trustee in order to make themselves aware of
any relevant audlt Informatlon and to establish that the charlty's audltor Is aware of that information. The
trustees conflrm that there Is no relevant Informatlon that they know of and of whlch they know the audltor Is
unaware,
R•hppolntment of audltor
The auditors, V¢al
Moyle, Chartered Accountants, will be proposed for re-appointment In accordance wlth
the specla
rovlslons
of Part 15 of the Cowpanles Act 2006.
The annual r
wa
prov
e trustees of the Charlty onu:.?.. ;2￿,. and slgned on Its behalf by;
R Dudley-cook
Trustee
C R Rlchard50n
Trustee
Page 9

Trebah Garden Trust
statement of Council of Management Responsibilities
The trustees (who are also the directors of Trebah Garden Trust for the purposes of company law} are
responsible for preparing the Report of the Council of Management and the flnancial staternents in accordance
with the United Klngdom Accountlng Standards Iunlted Klngdom Generally Accepted Accountin9 Practlcel and
appllcable law and regulatlons.
Company law requlre5 the Council of Management to prepare financial statements for each financlal year,
Under company law the trustees must not approve the flnanclal statements unless they are satisfied that they
give a true and falr vlew of the state of affalrs of the charitable company and the group and of Its incoming
resources and appllcatlon of resources, Includlng Its Sncome and expendlture, for that perlod, In preparing
these financlal statements, the Councll of Management 15 required to..
select sultable accountlno pollcles and apply them conslstently,,
observe the methods and prlnclples In the Charltles SORP;
make Judgements and estlmates that are reasonable and prudent;
state whether appllcable UK Accountlng Standards have been followed, subject to any materlal departures
dlsclosed and explalned In the flnanclal statements,. and
prepare the flnanclal statements on the oolng con¢ern ba51$ unless It Is Inapproprlate to presume that the
charltable company wlll contlnue In bu51ness.
The Councll
a9ement 15 responslble for keeplng adequate accountlng record5 that are sufficlent to Show
and ex
n the ch rltable company's transactlons and dlsclose wlth reasonable accuracy at any tlme the
flnan
I posltlon of
the charltable company and the group and enable them to ensurè that the flnanclal
stat
ment5 comply
Ith the Companles Act 2006. They are also responslble for safeguardlng the assets of the
cha
Itable company
nd hence for takln
ea50nable steps for the preventlon and detectlon of fraud and other
Irre
arltles.
Approved by th
ee5
e charlty on
and slgned on Its behalf by..
R Dudley-co
Truste
C R Fllchardson
Trustee
Page 10

Trebah Garden Trust
Independent Auditor's Report to the Members of Trebah Garden
Trust
Oplnlon
We have audlted the flnanclal statements of Trebah Garden Trust (the 'charitable parent company,) and its
subsldlarles (the 'group') for the year ended 31 January 2024, whlch comprlse the Consolldated Statement of
Fbnanclal Act1Vltles, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Cash Flows,
Statement of Cash Flows and Notes to the Flnanclal Statements, Sncludlng a surnmary of slgnlflcant accounting
pollcles. The flnanclal reportlng framework that has been applled In their preparation is United Kingdom
Accountlng Standards, comprlslng Charltles SORP - FRS 102 'The Flnanclal Reporting Standard appllcable In the
UK and Republlc of Ireland, and appllcable law (Unlted Klngdom Generally Accepted Accountlng Practlce}.
In our oplnlon the flnanclal statements:
glve a true and falr vlew of the state of the group's and parent charlty's affalrs as at 31 January 2024 and
of the group's results for the year then ended;
have been properly prepared Sn accordance wlth Unlted Klngdorn Generally Accepted Accountlng Practlce;
and
have been prepared In accordance wlth the requlrements of the Companles Act 2006.
Basls for oplnlon
We conducted our audlt In accordance wlth Internatlonal Standard5 on Audltlng {UK> {ISAs (UK)) and
appllcable law. Our responslbllltles under those standards are further descrlbed In the Audltor's responslbllltles
for the audlt of the flnanclal statements sectlon of our report, We are Independent of the group In accordance
wlth the ethlcal requlrements that are relevant to our audlt of the flnanclal statements In the UK, Includlng the
FRC'S Ethlcal Standard, and we have fulfllled our other ethlcal responslbllltles In accordance wlth these
requlrements. We belleve that the audlt evldence we have obtalned Is sufflclent and approprlate to provlde a
basls for our oplnlon.
Conclu$lon• relatlng to golng concérn
In audltlng the flnanclal statements, we have concluded that the trustees, use of the golng concern basls of
accountlng In the preparatlon of the flnanclal statements Is approprlate,
Based on the work we have performed, we have not Identlfied any materlal uncertalntles relatlng to events or
condltlons that, Indlvldually or collectlvely, may cast slgnlflcant doubt on the company's ablllty to contlnue as a
golng concern for a perlod of at least twelve months from when the orlglnal flnanclal statements were
authorlsed for Issue.
Our responslbllltles and the responslbllltles of the trustees wlth respect to golng concern are de5crlbed In the
relevant sectlons of thls report.
other Informatlon
The trustees are responslble for the other Informatlon. The other Informatlon comprlses the Informatlon
Included In the annual report, other than the flnanclal statements and our audltor's report thereon. Our oplnlon
on the financlal statements does not cover the other Informatlon and, except to the extent otherwlse expllcltly
stated In our report, we do not express any form of assurance eoncluslon thereon.
In connectlon wlth our audlt of the flnanclal statements, our responslblllty Is to read the other Informatlon and,
In dolng so, consider whether the other Informatlon Is materlally Inconslstent wlth the flnanclal statements or
our knowledge obtained In the audlt or otherwlse appears to be materlally mlsstated. If we Identlfy such
material inconsbstencles or apparent materlal mlsstatements, we are requlred to determlne whether there is a
material misstatement In the financlal statements or a materlal mlsstatement of the other Information. If,
based on the work we have performed, we conclude that there Is a material misstatement of this other
Informatlon. we are requlred to report that fact.
We have nothlng to report in this regard.
Page 11

Trebah Garden Trust
Independent Auditor's Report to the Members of Trebah Garden
Trust
Opinion on other matters prexrlbod by the Companles Act 2006
In our oplnlon, based on the work undertaken In the course of the audlt..
the Informatlon glven In the Report of the Councll of Management for the flnanclal year for which the
flnanclal statements are prepa￿d Is con51stent wlth the flnanclal statements,. and
the Report of the Councll of Management have been prepared In accordance wlth appllcable legal
requlrements,
Matters on whlch we are requlred to report by exceptlon
In the light of our knowledge and understandlng of the group and the parent charltable company and thelr
envlronment obtalned In the course of the audlt, we have not Identlfled materlal misstatements In the Report
of the Councll of Management.
We have nothlng to report In respett of the followlng matters where the Companles Act 2006 requlres us to
report to you If, In our oplnlon..
adequate accountlng records have not been kept by the parent charltable companyi or returns adequate for
our audit have not been recelved from branches not vlslted by us,. or
the parent charltable company flnanclal statements are not In agreement wlth the accountln9 records and
returns. or
certaln dlsclosures of trustees remuneratlon speclfled by law are not made; or
we have not recelved all the Informatlon and explanatlons we requlre for our audlt.
Re•pon$lbllltl•• of tru8t•••
As explalned more fully In the Statement of Trustees, Responslbllltles [set out on page 101, the trustees (who
are also the dlrectors of the parent charltable company for the purposes of company law) a￿ responslble for
the preparatlon or the group flnanclal statements and the parent charltable company flnanclal statements and
for belng satlsfled that they glve a true and falr vlew, and for such Internal control as the trustees determlne Is
necessary to enable the preparatlon of the group flnanclal statements and parent charltable company flnanclal
statements that are free from materlal mlsstatement, whether due to fraud or error.
In preparlng the group flnanclal statements and parent charltable company financlal statements, the trustees
are responslble for assesslng the group's and the parent charltable company's ablllty to contlnue as a golng
concern, dlscloslng, as appllcable, matters related to golng concern and uslng the golng concern ba51s of
accountlng unless the trustees elther Intend to Ilquldate the group or the parent charltable company or to
cease operatlons, or have no reallstlc alternatlve but to do so,
Audltor's responslbllltles for tho audlt of the Ilnanclal Statements
Our objectlves are to obtain reasonable assurance about whether the financial statements as a whole are free
from materlal mlsstatement, whether due to fraud or error, and to Issue an audltor's report that Includes our
opinlon, Reasonable assurance is a high level of assurance, but Is not a guarantee that an audSt conducted In
accordance wlth ISAS (UK) wlll always detect a materlal mlsstatement when it exists, Mlsstatements can arlse
from fraud or error and are consldered materlal If, Indlvldually or In the aggregate, they could reasonably be
expected to Influence the economlc declslons of users taken on the basls of these flnanclal statements,
Irregularltles, Includlng fraud, are Instances of non-compllance wlth laws and regulatlons. We deslgn
procedures In line with our respon51blllties, outllned above, to detect materlal mlsstatements In respett of
Irregularities, including fraud.
The extent to whlch our procedures are capable of detectlng Irregularlties, Includlng fraud Is detailed below,.
Page 12

Trebah Garden Trust
Independent Auditor's Report to the Members of Trebah Garden
Trust
We obtalned an understandlng of the legal and regulatory frameworks that are appllcable to the charity at the
plannlng stage of the audlt. The charlty IS subj'ect to laws and regulations that dlrertly affect the flnanclal
statements, speclfically the Companies Act 2006, Charlties Act 2011 and Charities Statement of Recommended
Practice. We assessed the extent of compliance with these laws and regulations as part of our procedures on
the related financlal statement items. The charlty Is also subject to laws and regulatlons where the
consequences of non-compliance could have a materlal effect on amounts or dlsclosures In the flnanclal
statements, for Instance through the Imposltlon of flnes or Iltigatlon or loss of the charlty's ablllty to operate. In
making thls assessment we determlned that the most slgnlficant elements of leglslation Include those relatlng
to employment laws and regulatlons, health and safety standards and compllance wlth major funding
contracts.
Based on thls understandlng we deslgned our audlt procedures to Identlfy non-compllance wlth such laws and
regulations. Our procedures Involved the followlng:
Maklng enqulrles of management regardlng thelr knowledge of any non-compllance wlth laws and re9ulatlons
that could affect the flnanclal statements. As part of these enqulrles, we also dlscussed wlth management
changes In rlsk assessment relatln9 to fraud, and whether there have been any known Instances, allegatlons or
SUsplclon5 of fraud, of whlch there were none.
Conslderlng the flllngs made at Companles House and the Charlty Commlsslon, and any omlsslons thereon,
of whlch none were Identlfled.
Dlscusslng wlth management compllance wlth health and safety leglslatlon, Includlng any reforms to these.
Maklng enquirles of management and revlewlng charlty expendlture for any evldence of dlsputes, actual or
potentlal Iltlgatlon and clalms, wlth regulators or any other such body.
Revlewlng documentatlon from fund provlders to test whether funds had been approprlately clalmed and
utlllsed for purposes as set out In the respectlve contract Items.
Audltlng the rlsk of management overrlde of controls, Includlng through testlng of Journal entrles and other
adjustments for approprlatenessm and evaluating the ratlonale for slgnlflcant transactlons outslde the normal
course of buslness actlvltles, of whlch there were none,
Revlewlng estlmates and Judgements made In the flnanclal statements lor any Indlcatlon of blas and
challenged assumptlons used by management In maklng the estlmates.
Revlewlng Board mlnutes and correspondence wlth regulators to corroborate the flndlngs from the above,
Due to the Inherent Ilmltatlons of an audlt, there remalns a rlsk that we may not have detected some materlal
mlsstatements In the flnanclal statements or non-compllance wlth laws and regulatlons. Thls Is desplte the fact
that we have properly planned and performed our audlt In accordance wlth audltlng standards. For example,
the further removed Irregularltles are from the events and tran5actlons reflected In the financlal statements,
the less Ilkely the Inherently Ilmlted procedures requlred by audlting standards would Identify It. As wlth any
audlt, there remalned a hlgh risk of non-detectlon of Irregularltles, as these may Involve colluslon, forgery,
Intentlonal omisslons, misrepresentatlons, or the overrlde of Internal controls. Thi5 rlsk was reduced by a
thorough revlew of all controls In place that monltor Items and transactions affecting the flnanclal statements.
The prlmary responsblllty for the preventlon and detectlon of Irregularlties and fraud rests wlth the trustees of
the charlty.
All relevant laws, regulations and signiflcant rlsks of fraud Identlfled have been clearly communlcated to each
member of the audlt engagement team.
We are not responsible for preventlng non-compllance and cannot be expected to detect non-compllance wlth
all laws and regulatlons.
A further description of our responsibllities for the audlt of the flnanclal statements Is located on the Flnanclal
Reporting Council's webslte at www.frc,org. uk/auditorsre5POn5ibilities. This description forms part of our
audltor's report.
Page 13

Trebah Garden Trust
Independent Auditor's Report to the Members of Trebah Garden
Trust
Use of our report
This report is made solely to the charitable parent company's trustee5, as a body, In accordance wlth Chapter 3
of Part 16 of the Companies Art 2006. Our audlt work has been undertaken so that we might state to the
group's trustees those matter5 we are required to State to them In an audltor's report and for no other
purpose. To the fullest extent permltted by law, we do not accept or assume responsiblllty to anyone other
than the charltable parent company and Its trustees as a body, for our audlt work, for this report, or for the
oplnlons we have formed,
Paula Thomas BA FCA DChA (
enlor Statutory Audltor)
For and on behalf of Walker Moyle Ltd, Statutory Audltor
3 Chapel Street
Redruth
Cornwall
TR15 2BY
Date..
Page 14

Trebah Garden Trust
Consolidated Statement of Financial Activities for the Year Ended
31 January 2024
(Including Consolidated Income and Expenditure Account and
Statement of Total Recognised Gains and Losses)
Unrestrlrted
funds
Restrlcted
funds
Total
2024
Total
2023
Note
Income and Endowments from:
Donatlons and legacles
Charltable actlvltles
Other tradlng bctlvltles
Investment Income
215,962
769,665
1,284,363
9,294
225,256
769,665
1,284,363
331,225
459,746
1,046,788
Total Income
2 296 844
2 306 138
1 856 224
Expendlture on:
Ralslng funds
Charitable actlvltles
Other expendlture
(1,364,345)
{855,706)
(1,364,345)
(879,614)
11,146,257)
(747,7641
(23,908)
Total Expendlture
2 216 954
2 240 862
1 890 466
Net Income/(eXpendltu￿l
Net movement In funds
79,890
(14,6141
65,276
134,2421
R•¢on¢lllatlon of lund•
Total funds brought forward
5 206 114
356 589
5 562 703
5 596 945
Total funds carrled forward
24
5 286 004
341 975
5 627 979
5 562 703
All of the group's actlvltle5 derlve from contlnulng operatlons durlng the above two perlods.
The funds breakdown for 2023 Is shown In note 24.
Page 15

Trebah Garden Trust
(Registration number: 02461558)
Consolidated Balance Sheet as at 31 January 2024
2024
2023
Not•
Flxed )$sets
Tanglble assets
Investments
15
16
4,336,514
635 000
4,323,992
635 000
4 971 514
4 958 992
Current assets
stocks
Debtors
Cash at bank and In hand
17
18
103,523
70,310
692 441
110,514
60,330
572 563
866,274
743,407
Cr•dltori: Amount• fthlllng du• wlthln on• y•4r
19
204 576
131 366
Not current a*••t•
661 698
612 041
Tot41 a•••ti l••s curr•nt Ilabllltl••
5,633,212
5,571,033
Provl8loni
21
5 627 979
5 562 703
Fund• of th• group:
R••trlct•d lund•
341,975
356,589
Unrestrlcted Incom• fund•
Unrestrlcted funds
5 286 004
5 206 114
Totjl fund•
24
5 627 979
5 562 703
These flnanclal
companles subj
statement
cttothes
have b
n prepared In accordance wlth the speclal provlslons appllcable to
anles,reglme,
The flnanclal stateme
and
.15 to 38 were approved by the trustees, and authorlsed for Issue on
behalf by.,
R Dudley-cooke
Trustee
Rlchardson
Trustee
Page 16

Trebah Garden Trust
(Registration number: 02461558)
Balance Sheet as at 31 January 2024
2024
2023
Note
Flxed assets
Tangible assets
Investments
15
16
4,306,909
735 000
4,277,630
635 002
5 041909
4 912 632
Current •ss•ts
Debtors
Cash at bank and In hand
18
118,634
652 736
304,440
460 785
771,370
765,225
Crodltori: Amount• falllng du• wlthln on• y••r
19
113 243
Net curr•nt ••••t•
658 127
695 449
N•t J•••t•
5 700 036
5 608 081
Fund# of th• ¢harlty:
R••trlct•d fund*
341,975
356,589
Unre%trlct•d Incom• lund•
Unrestrlcted funds
5 358 061
5 251 492
Totbl fund•
24
5 700 036
5 608 081
Charlty's surplus/{deflcltl for the flnanclal year
These fln
companbe
nclal stat
ubject to
ments have been prepared In accordance wlth the speclal provlslons appllcable to
he small companle5 reglme.
The
nanclal statem
s on
5 15 to 38 were approved by the trustees, and authorlsed for Issue on
Ir behalf by,.
R Dudley-cook
Trustee
C R Richardson
TrLJStee
Page 17

Trebah Garden Trust
Consolidated Statement of Cash Flows for the Year Ended 31
January 2024
2024
2023
Not0
Cash flow$ from operatlng artlvltle$
Net cash Income/(expendlture)
65,276
(34,242)
Adjustments to cash flow$ from non-cash Items
Depreclatlon
Amortlsatlon
Investment Income
Loss/(proflt) on dlsposal of tanglble flxed assets
Tax charge
106,353
96,390
688
(18,465)
(80)
126,854)
202
141,880
40,735
Worklng capltal adjustment•
Decreaselllncrease) In stocks
Increase In debtors
Lncrease/ldecreasel In credltors
17
18
19
6,991
19,980)
{11,467)
(9,853)
Net cash flows from operatlng èctlvltles
212 105
Ca•h flows from Inv•8tlng actlvltle•
Interest recelvable and slmllar Income
Purchase of tanglble flxed assets
Sale of tanglble flxed assets
26,854
(120,378)
18,465
1350,549)
80
15
Net cash flows from Investlng actlvltles
{92,227)
(332,004)
Ca•h flow• from flnan¢lng actlvltlei
Repayment of loans and borrowlngs
19
Net Increaselldecrease) In cash and cash equlvalents
119,B78
(358,1641
Cash and cash equlvalents at l February
572 563
930 727
Cash and cash equlvalents at 3 1 January
692 441
572 563
All of the cash flows are derlved from contlnulng operatlons durlng the above two perlods.
Page 18

Trebah Garden Trust
Statement of Cash Flows for the Year Ended 31 January 2024
2024
2023
Note
Cash flows from operatlng actlvltles
Net cash Incomel{expendlture)
91,958
(20,357)
AdJu$tment$ to ¢a$h flows from non-cash Items
Depreclation
Amortlsation
86,240
73,750
688
136,129)
80
Investment Income
Lossllprofit> on dlsposal of tanglble flxed assets
{44,5181
202
133,882
17,872
Worklng capltal adjustment•
Decrease In debtors
Increasel{decrease) In credltors
18
19
185,806
256,595
Net cash flows from operatlng actlvltles
363 152
236 731
Cash flows from Investlng actlvltle•
Interest recelvable and slmllar Income
Purchase of tanglble flxed assets
Sale of tanglble flxed assets
Purchase of Investments
44,518
{117,018)
1,297
36,129
1347,175)
60
15
Net cash flows from Investlng actlvltles
{171,201)
(3 10,966)
Ca•h flow$ from flnanclng actlvltle•
Repayment of loans and borrowlngs
19
Net Increasel(decreasel In cash and cash equlvalents
191,951
(88,003)
Cash and cash equlvalents at l February
460 785
548 788
Cash and cash equlvalents at 31 January
652 736
460 785
All of the cash flows are derlved from contlnulng operatlons durlng the above two perlods.
Page 19

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
I Charlty status
Trebah Garden Trust operates In the tourlsm sector within Cornwall,
The Charlty Is a prlvate company, Ilmlted by guarantee, registered In England and Wales. The members of the
company a￿ the Councll of Management named on page l. In the event of the Charity belng wound up, the
Ilabillty in respect of the guarantee Is Ilmlted to £ I per member. The company was Incorporated In England and
the reglstered number Is 02461558, The address of the reglstered offlce Is Trebah, Mawnan Smlth, Falmouth,
TRII 5)Z.
These flnanclal statements cover a group of entltles.
2 Accountlng pollcl••
Summary of •lgnlllcant accountlng pollcle• and key accountlng ostlm•te•
The prlnclpal accounting pollcles applled In the preparatlon of these flnanclal statements are set out below.
These pollcles have been conslstently applled to all the year5 presented, unless otherwlse stated.
Statement of compllance
The flnanclal statements have been prepared In accordan￿ wlth Accountlng and Reportlng by Charltles:
statement of Recommended Practlce applichble to charltles preparlng thelr accounts In accordance wlth the
Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) leffectlve l January 2015)
{Charltles SORP IFRS 102)), the Flnanclal Reportlno Standard appllcable In the UK and Republlc of Ireland
(FRS 102) and the Companles Act 2006.
Basls of preparatlon
Trebah Garden Trust meet5 the deflnltlon of a publlc beneflt entity under FRS 102. The flnanclal statements
have been prepared under the hlstorlcal cost conventlon, as modlfled by the revaluatlon of certaln assets. The
presentatlon currency of the flnanclal statements Is the Pound Sterllng (£). Monetary amounts In these
flnanclal statements are rounded to the nearest Pound.
Ba•1• of consolldatlon
These flnanclal statements consolldate the results of the Charlty and Its wholly owned subsldlary, Trebah
Enterprlses Llmlted, on a Ilne by Ilne basls. All Intra-group balances, transactlons, Income and expenses are
ellmlnated on consolldatlon. The consolldated accounts are prepared uslng unlform accountlng pollcles.
Golng concern
The Trustees have revlewed the forecasts for the perlod through to july 2025. Trebah Garden Trust has a
sound financlal posltlon at the reportlng date and Is expected to have such In 12 months. The Trustees
conslder there are no materlal uncertalntles In adoptlng the golng concern basls of accountlng.
Page 20

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
Judgements
In the appllcation of the Charity's accounting pollcles, the trustees are required to make Judgements, estlmates
and assumptions about the carrying amount of assets and liabilltSes that are not readlly apparent from other
source5. The estlmates and associated assumptlons are based on historical experience and other factors that
are considered to be relevant. Actual results may dlffer from these estlmates.
No Judgements (apart from those Involvlng estlmatesl have been made In the proces5 of applylng the above
accountlng pollcles.
The estlmates and underlylng assumptlons are revlewed on an ongolng basls. Revlslon5 to accountlng
estimates are recognlsed In the perlod In which the estlmate Is revlsed where the revislon affects only that
perlod, or In the perlod of the revlslon and future perlods where the revlslon affects both current and future
perlods.
Income and endowments
All Income Is recognlsed once the Charlty has entitlement to the Income, It Is probable that the Income wlll be
recelved and the amount of the Income recelvable can be measured rellably. There Is no nettlng off of
expendlture agalnst Income.
Membershlp subscrlptlons are credlted to the SOFA In the year of recelpt.
Admlsslon charges booked onllne and deposlts for events are recognlsed when recelved, as these are
non-refundable,
Grants recelvable
Income from donatlons or grants Is recognlsed when there Is evldence of entltlement to the glft, recelpt Ss
probable and Its amount can be measured rellably. In accordance wlth the Charltle5 SORP all grants are
recognlsed under the performance model.
Glfts In klnd
Glfts-ln-klnd are Included at the value to the Charlty where thls can be quantlfled and a thlrd party Is bearlng
the cost, No value Is attrlbuted to donated staff hours,
Expendlture
All expendlture Is accounted for on an accruals basbs and has been classlfled under headlngs that aggregate all
costs related to the category. Where costs cannot be dlrectly attrlbuted to partlcular headlngs, they have been
allocated to actlvltles on a basls conslstent wlth the use of the resources.
R8lsln9 funds
Thls represents dlrect marketlng costs for the garden and general publlclty costs.
Other expendlture
Support costs are those functlons that asslst the work of the charityi but do not dlrectly undertake charltable
work. Support costs are Included wlthln governance costs and can be seen withln note 8.
All termlnation beneflts are calculated accordlng to government guldellnes based on length of servlce, age and
start date. All holiday pay accrued but not taken Is also pald, Payment In Ileu of notlce Is calculated as at the
termination date.
Taxation
The Charity is considered to pa55 the tests set out In Paragraph I Schedule 6 of the Flnance Act 2010 and
therefore it meets the definition of a charitable company for UK corporatlon tax purposes. Accordlngly, the
charity is potentially exempt from taxatlon In respect of Income or capltal galns recelved wlthln categortes
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Galns Act 1992, to the extent that such Income or gains are applied exclusively to charitable purposes.
Page 21

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
Intangible agsets
Intanglble assets are stated In the Balance Sheet at cost less accumulated amortisation and Impalrment. They
are 3mortised on a straight1Sne basls over thelr estimated useful Ilves.
Amortlsatlon
Trebah Garden Trust rebrandlng and web51te costs are belng amortlsed at a rate of 33% on cost as It Is
assumed that the useful Ilfe wlll not exceed 3 years. The amortlsatlon cost Is Included In the SOFA under the
headlng 'Cost of operatlon of the garden,.
Asset class
Rebranding and webslte costs
Amortlsatlon method and rate
330/0 on cost
Tanglbl• flxed assets
Tanglble a55ets are stated In the balance sheet at cost, less 8ny subsequent accumulated depreclatlon and
subsequent accumulated Impolrment losses,
The cost of tanglble assets Includes dlrectly attrlbutable Incremental costs Incurred In thelr acqulsltlon and
Installatlon.
Indlvldual asset expendlture below £500 Is not capltallsed but charged to the SOFA when Incurre¢J.
Internal labour Is capltallsed when It equates to more than £500 on an Indlvldual asset. Thls Is calculated by
reference to tlmesheets and hourly payroll costs for the Indlvlduals Involved.
Costs Incurred In respect of garden replantlng are wrltten off Sn the perlod In whlch they are Incurred.
Upon transactlon to FRS 102, assets prevlously revalued have been frozen at the date of transltlon and thls
value has been treated as the deemed cost. Thls complles wlth Sectlon 35 of FRS 102, paragraph 35.10(d).
Depre¢latlon
Deprecl3tlon Is provlded at the followlng annual rates In order to wrlte off each asset over Its estlmated useful
Ilfe or, If held under a flnance lease, over the lease term whlchever Is the shorter:
Asset class
Freehold property (garden and house)
Freehold bulldlngs {Hlbbert Centre)
Equlpment and flxtures
Motor vehlcles
Depreclatlon m•thod and rate
4010 to IOO/o on cost
IO% and 20010 on cost
250kn on reduclng balance
The property owned and occupled for admlnlstratlve purposes Is stated at deemed cost, belng the value of the
asset on transltlon to FRS 102. No materlal depreclatlon arlses on the admlnlstratlve property of the Trust as a
slgnlflcant portlon of Its deemed cost relates to land (whlch Is not depreclated) and as the Ilfe of the property Is
consIde￿d to be so long and thelr resldual values based on deemed cost to be high enough to ensure that any
annual depreclatlon Is Immaterlal.
Investment propertles
Investment property is carrled at falr value, derlved from the current market prlces for comparable real estate
determined annually by external valuers. The valuers Use observable market prlces, adjusted If necessary for
any dlfference In the nature, locatlon or condition of the specific a55et. Changes In fair value are recognised in
profit or10sS.
stock
stocks are valued at the lower of cost and net reallsable value. The cost formula used for valulng stocks Is
weighted average cost.
Page 22

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
Trade debtors
Trade debtors are amounts due from customers for merchandlse sold or servlces performed In the ordinary
course of bu51ness.
Trade debtors are recognlsed Inltlally at the transaction prlce. They are subsequently measured at amortlsed
cost uslng the effectlve Interest method, less provlslon for impalrment, A provlslon for the Impalrment of trade
debtors Is established when there Is objectlve evldence that the charlty wlll not be able to collect all amounts
due accordlng to the orlglnal terms of the recelvables.
Cash and cash equlvalents
Cash and cash equlvalents comprlse cash on hand and call deposlts, and other short-term hlghly Ilquld
Investments that are readlly convertlble to a known amount of cash and are subject to an Inslgnlflcant risk of
change In value.
Trade credltor•
Trade credltors are obllgatlons to pay for goods or servlces that have been aCquI￿d In the ordlnary course of
buslness from SUppl￿erS, Accounts payable are classlfled as current Ilabllltles If the charlty does not have an
uncondltlonal rlght, at the end of the reportlng perlod, to defer settlement of the credltor for at least twelve
months after the reportlng date. If there Is an uncondltlonal rlght to defer settlement for at least twelve
months after the reportlng date, they are presented as non-current Ilabllltles.
Trade credltors are recognlsed Inltlally at the transactlon prlce and subsequently measured at amortlsed cost
uslng the effectlve Interest method.
Fund structure
General funds are unrestrlcted funds whlch are avallable for use at the dlscretlon of the Councll of Management
In furtherance of the general objectlves of the Charlty and whlch have not been deslgnated for other purposes.
Restrlcted funds are funds whlch are to be used In accordance wlth speclflc restrlctlons Imposed by donors or
whlch have been ralsed by the Charlty for partlcular purposes. The cost of ralslng and admlnlsterlng such funds
are charged agalnst the speclflc fund. The alm and use of each restrlcted fund Is set out In note 24 of the
flnanclal statements, Investment Income Is allocated to the approprlate fund.
Operatlng Lease Commltments
Rentals appllcable to operatlng leases where substantlally all the beneflts and rlsks of ownershlp remaln wlth
the lessor are charged to the SOFA over the term of the lease.
Penslons and other post retlrement obllgatlon$
The company operates a deflned contrlbutlon pen5Ion scheme, Contrlbutlons payable to the company's penslon
scheme are charged to the SOFA In the perlod to whlch they relate.
Page 23

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
Flnanclal Instruments
Recognltlon and measurement
The company has chosen to adopt the Sectlons I l and 12 of FRS 102 In respect of financlal Instruments.
{1) Flnanclal assets
Baslc flnanclal assets, InclL¢dlng trade and other recelvables, cash and bank balances are Inltlally recognlsed at
transactlon prlce, unless the arrangement constitutes a financlng transactlon, where the transactlon Is
measured at the present value of future recelpts, dlscounted at a market rate of Interest.
Baslc flnanclal Ilabllltles, Includlng trade and other payables, bank loans and loans from fellow group companles
are Inltlally recogn15ed at transactlon prlce, unless the arrangement constitutes a flnanclng transactlon, where
the debt Instrument Is measured at the present value of future recelpts, dlscounted at a market rate of
Interest.
Debt Snstruments are subsequently carrled at amortlsed cost, uslng the effectlve Interest rate method.
3 Income from donatlon• and legacl••
Unre$trlrt•d
fund•
Re•trl¢t•d
fund•
Total
2024
Total
2023
General
Donatlons and legacles,,
Net donètlons under glft ald
Sundry donatlons
Legacles
Glft ald reclolmed
Grants, Includlng capltal grants,.
Grants recelvable
168,756
5,013
168,756
8,212
230,951
2,916
5,000
57,738
3,199
42,193
42,193
215 962
225 256
331 225
4 Income from charltablo a¢tlvltle$
Vnrestrlcted
funds
Total
2024
Total
2023
General
Garden entrance fees
Membershlp subscrlptlons
582,961
186 704
582,961
186 704
336,591
123 155
769 665
769 665
459 746
Page 24

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
5 Income from other tradlng actlvltles
Unrestrlcted
fund$
Total
2024
Tot•1
2023
General
Tradlng Income,.
Commerclal tradlng operatlons
Events Income,.
other events Income
Educatlon,. Chlldrens tralls
Art Exhlbltbon Income
Solar panel Income
other Income from other tradlng actlvltles
1,232,523
1,232,523
936,929
23,029
6,350
7,681
14,267
513
23,029
6,350
7,681
14,267
513
73,887
5,298
13,683
1284 363
1 284 363
1 046 788
6 Investment Income
Unroltrlcted
fund•
Total
2024
Tot81
2023
General
Interest recelvable ènd slmllar Income;
Interest recelvable on bank deposlts
Property rental Income
4,604
4,604
465
7 Expendlture on ral•lng fund•
Unrestrlcted
Fund•
Tot•1
2024
Total
2023
General
Note
Marketlng and publlclty
Event costs
Commerclal tradlng operatlons
FSnance costs
72,961
38,560
1,231,573
72,961
38,560
1,231,573
58,288
131,806
929,751
1 364 345
1 364 345
1 146 257
Page 25

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
8 Expendlture on charltable actlvltles
Unrestrlcted
funds
Restrlcted
tund8
Total
2024
Total
2023
General
Cost of operatlon of the garden
Cost of operatlng membershlps
Governance costs
809,182
14,167
23,908
833,090
14,167
703,213
13,826
855 706
879 614
747 764
Co•t of op•ratlon of the garden
Unregtrlcted
fund$
R•8trlcted
lund•
Total
2024
Total
2023
General
Salarles and wages
Garden plants and sundry expenses
Insurance
Motor and travel expenses
Llght and heat
Rates and water
Rent payable
Repalrs and renewals
Cleanlng and household expenses
Sundry expenses and Ilcences
Depreclatlon and amortlsatlon
{Proflt) / loss on sale of assets
Equlpment hlre
staff tralnlng and recrultment
Health and safety
Prlntlng, postage and statlonery
Telephone
Flat expenses
470,215
20,390
35,064
6,160
50,776
3,944
12,500
81,376
18,103
8,627
62,333
202
12,109
7,355
2,581
10,198
5,521
470,215
20,390
35,064
6,160
50,776
3,944
12,500
81,376
18,103
8,627
86,241
202
453,165
13,004
30,813
7,207
9,364
5,138
12,000
49,834
10,256
10,346
74,438
180)
11,894
3,510
2,070
7,444
1,191
23,908
12,109
7,355
2,581
10,198
5,521
809 182
833 090
703 214
Cost of operatlng membershlps
Unrestrlcted
Funds
Total
2024
Total
2023
Salarles and wages
Page 26

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
Governance costs
Unrestrlcted
funds
Total
2024
Total
2023
Gener•1
Audit fees
Audlt of the flnanclal statements
Legal fees
Consultancy fees
9,035
2,801
9,035
2,801
8.950
2,718
The above flgures relate solely to Trebah Garden Trust. All expendlture Incurred by Trebah Enterprlses Llmlted
Is Included In costs of generatlng funds as commerclal tradlng operatlons wlthln the consolldated statement of
flnanclal actlvltles on page 15.
9 Flnance co•t•
Unre$trlct¢d
funds
Total
2024
Totsl
2023
General
Interest payable,,
Interest payable on bank loans and overdrafts
Flnance charges;
Bank charges
206
Page 27

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
10 Net Incomlng/outgolng resources
Net incomlnglloutgolng) resources for the year Include:
2024
2023
Operatlng leases other assets
Audltors remuneration
Audltors fees - other servlces
Lossl{proflt) on dlsposal of tanglble flxed assets
Depreclatlon of flxed assets
Amortlsatlon of goodwlll
14,780
5,500
7,500
202
106,353
14,360
5,446
7,764
(80)
96,390
688
11 Trustee* remun•ratlon and expen•e•
Durlng the year the group made the followlng transactlons wlth trustees,,
Durlng the year, R Townsend was relmbursed £915 (2023.. £1,608) to cover hls travel and accommodatlon
expense5 for attendlng trustee meetlngs,
No trustees, nor any persons connected wlth them, have recelved any remuneratlon from the group durlng the
year,
12 Staff cost•
The aggregate payroll costs were as follows:
2024
2023
staff costs durlng the year were:
Wages and salarles
Soclal securlty costs
Penslon costs
974,189
72,150
840,419
69,123
1061 891
923 013
The monthly average number of persons (Includlng senlor management team) employed by the group durlng
the year expressed as full tlme equlvalents was as follows..
2024
No
2023
No
Charltable actlvltles
52
45
The nsjmber of employees whose emolvments fell wlthln the followlng bands was..
2024
No
2023
No
£60,001 £70,000
The penslon costs charge ￿preSentS contribution5 payable by the group to the funds and amounted to £15,552
{2023'. £13,471). At 31 January 2024, £346 was the aggregate sum owed to the penslon schemes (2023..
£2,138).
Page 28

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
13 Taxatlon
No liablllty to UK corporatlon tax arises on ordlnary actlvitles for the Charlty for the year ended 31 January
2024 because of the charltable status,
The tradlng subsldlary, Trebatt Enterprlses Llmlted, was subject to UK corporatlon tax. There was no tax charge
In the year due to the company maklng a loss,
Deferred tax Is recognlsed In respect of all tlmlng dlfferences that have orlglnated but not reversed at the
statement of flnanclal posltlon date.
Tlmlng dlfferences arlse from the Incluslon of Income and expenses In tax assessments In perlods dlfferent
from those In whlch they are recognlsed In flnanclal statements, Deferred tax Is measured uslng tax rates and
laws that have been enacted or substantlvely enacted by the year-end and that are expected to apply to the
reversal of the tlmlng dlfference.
14 1ntanglbl• flxed a••et•
Group and Ch•rlty
Rebrandlng
and webslte
Total
Cost
At l February 2023
At 31 January 2024
Amortl•atlon
At l February 2023
At 31 January 2024
Not book valu•
At 31 January 2024
At 31 January 2023
The amortlsatlon charge of £nll (2023., £688) Is Included wlthln the 'Cost of operatlon ol the garden, Ilne In the
SOFA.
Page 29

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
15 Tanglble flxed assets
Group
Freehold
Property
Freehold
Bulldlngs
Equlpment
•nd Flxtures
Motor
Vehlcles
Total
Cost
At l February 2023
Addltlons
Dlsposals
3,485,943
19,127
2,406,796
57,658
786,369
43,593
26,449 6,705,557
120,378
At 3 1 January 2024
3 505 070
2 464 454
793 224
26 449 6 789 197
D•preclatlon
At l February 2023
Charge for the year
Ellmlnated on dlsposals
1,686,722
54,747
682,329
48,124
12,518
3,482
2,381,569
106,353
At 3 1 January 2024
1 741 469
695 214
2 452 683
Net book valu•
At 3 1 January 2024
3 505 070
722 985
4 336 514
At 31 January 2023
3 485 943
720 074
104 040
4 323 988
Charlty
Freehold
Property
Freehold
Bulldlngs
Equlpment
and Flxture8
Motor
Vehlcle•
Total
Co•t
At l February 2023
Addltlons
Dlsposals
3,485,943
19,127
2,406,796
57,658
511,108
40,233
26,449 6,430,296
117,018
At 3 1 January 2024
3 505 070
2 464 454
514 603
6 510 576
Depreclatlon
At l February 2023
Charge for the year
Ellmlnated on d15posals
1,686,722
54,747
453,426
28,011
12,518
3,482
2,152,666
86,240
At 31 January 2024
1 741 469
446 198
16 000 2 203 667
Net book value
At 31 January 2024
3 505 070
722 985
4 306 909
At 31 January 2023
3 485 943
720 074
4 277 630
Page 30

Trebah Garden Trust
Notes to the Flnancial Statements for the Year Ended 31 January
2024
Upon transltlon to FRS 102 on l February 2014, assets previously classlfied as herltage assets have been
reclasslfled as freehold property. These assets have been transferred at thelr value on transltlon together wlth
any addltlons that have occurred slnce that date.
The Hlbbert Centre, whlch Included wlthln Freehold Bulldlngs, contlnues to be depreclated and Is perSodically
reviewed for Impalrment.
Included wlthln the net book value of Freehold Property above Is £870,692 (2023.. £851,565) represented by
the orlglnal c05t and £2,634,378 (2023: £2,634,378) represented by the revaluatlon reserve.
If the freehold property had not been revalued It would have been Included at the followlng hlstorlcal cost and
value..
Group
Charlty
Freehold Property
Hlstorlcal cost
870,692
(213,892)
656,800
870,692
{213,8921
656,800
Aggregate depreclatlon
16 Flxed a•8et Inve•tments
Group
2024
2023
Investment propertles
635 000
635 000
Inve•tment propertl•s
Investment
propertle•
Cost or Valuatlon
At l February 2023
635 000
Provlslon
At 31 january 2024
Net book value
At 31 January 2024
635 000
At 31 January 2023
635 000
The investment property was last valued as at 31 January 2023. The valuation was carried out by Philip Martin
MRICS an approprlately qualfied, Independent valuer, with expertise in the local property market. The
valuatlon was completed on a vacant possession basis. In the trustees, opinion the falr value of Investment
property a5 at 31 Jan¢Jary 2024 has not chan9ed materially since the previous valuation.
Page 31

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
Charlty
2024
2023
Investment propertles
Shares In group undertaklngs and partlcipatlng Interests
635,000
loo 000
635,000
735 000
635 002
Shares In group undertaklngs and pjrtlclpatlng Interests
Subsldlary
undertakln96
Total
Cost
At l February 2023
Addltlons
At 31 January 2024
loo 000
loo 000
Net book valu•
At 31 January 2024
loo 000
loo 000
At 31 January 2023
Detall• of undortE4klng•
Detalls of the Investments In whlch the charlty holds 20Wo or more of the nomlnal value of any class of share
capltal are as follows:
Proportlon of
votlng rlghts and
•hare$ held
Country of
Incorporatlon
Undertaklng
Holdlng
Prlnclpal artlvlty
Sub$ldlary undertaklngs
Trebah Enterprlses
Llmlted
the runnlng of a glft
shop, cafeterla and
plant soles at Trebah
England and Wales Ordlnary shares
iOOO/o
Page 32

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
Subsldlarles
The loss for the flnanclal perlod of Trebah Enterprlses Llmlted was £26,682 and the a9gregate amount of
capital and reserves at the end of the perlod was £27,943.
The address of the reglstered offlce of Trebah Enterprlses Llmlted Is Trebah, Mawnan Smlth, Falmouth,
Cornwall, TRI 1 5JZ.
The addltions In the year relate to an Issue of shares by the subsldlary that was fully subscrlbed to by the
Charlty. The results of the subsldlary have been consolldated Into the group flnanclal statements. Audlted
accounts have been flled wlth the Reglstrar of Companles,
17 Stock
Group
Charlty
2024
2023
2024
2023
Caterlng stock
Plants and 9arden shop stock
Glft shop stock
8,227
32,685
7,543
35,178
103 523
110 514
18 Debtoro
Group
Charlty
2024
2023
2024
2023
Trade debtors
Due from group undertaklngs
Prepayments
other debtors
7,523
5,331
5,607
58,032
51,787
5,000
248,683
25,581
59,490
29,808
118 634
304 440
19 Credltors: •mounts falllng due wlthln one year
Group
Charlty
2024
2023
2024
2023
Trade credltors
Other taxatlon and soclal secvrlty
Other credltors
Accruals
98,102
30,681
1,087
64,304
31,851
53,612
9,405
34,669
13,492
204 576
131 366
113 243
Page 33

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
20 Obllgatlons under leases and hlre purchase contra¢ts
Operjtlng lease commltments
Totsl future mlnlmum lease payments under non-cancellable operatlng leases are as follows:
Group
Charlty
2024
2023
2024
2023
other
withln one year
Between one and five years
6,242
6,583
6,242
6,5B3
Lease payments recognlsed as an expense durlng the year amount to £ 14,78012023: £9,510).
21 Provlilonj
Group
Deferred tax
Total
At l February 2023
Utlllsed durlng the perlod
8,330
8,330
At 31 January 2024
22 Commltmentl
Charlty
Capltal commltment•
As at 31 January 2024 the Charlty had capltal commltments of £8,685 (2023,. £31,045) In relatlon to the
walled garden project, £112,264 12023.. £nll) In relatlon to Trebah Lodge works, and £21,340 12023., £nll) In
relatlon to the new play area.
The total amount contracted for but not provlded In the flnanclal statements was £142,289 {2023 - £31,045).
23 Contlngent assets
Group
The group benefitted from a settlement of Its outgolng electrlclty contract, wlth £5,383 agreed between the
parties followlng the year-end to not be paid by the group.
Page 34

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
24 Funds
Group
Balance at i
February
2023
Incomlng
resources
Resources
expended
Bolance at 31
January 2024
Unrestrlcted fund8
General
5,206,114
2,296,844
(2,216,954)
5,286,004
Restrlcted fund•
356 589
341975
Tot•1 fund•
5 562 703
2 240 862
5 627 979
Balanc• Jt i
February
2022
Incomlng
resources
Resources
expended
Balance at 31
January 2023
Unre•trlrted fund•
General
5,221,823
1,822,136
{1,837,8451
5,206,114
R••trlcted fund•
375 122
356 589
Total fund•
5 596 945
1 856 224
1 890 466
5 562 703
Charlty
Balance at i
February
2023
Incomlng
resource8
Resources
expended
Balance at 31
January 2024
Unrestrlrted funds
General
5,251,489
1,216,870
{1,110,298)
5,358,061
Reltrlrted funds
356 589
341 975
Total funds
5 608 078
1 226 164
1 134 206
5 700 036
Balance at i
February
2022
Incomlng
r¢$our¢es
Resources
¢xpended
Balance at 31
January 2023
Unrestrlcted funds
General
5,253,316
1,003,784
(1,005,608}
5,251,492
Restrl¢ted funds
375 122
356 589
Total funds
5 628 438
1 058 229
5 608 081
Page 35

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
Included withln the above reserves.,
Unrestrlcted
Revaluatlon
Reserves
Restrlrted
Revaluatlon
Reserves
Total
At l February 2023 and 31 January 2024
2,630,993
3,385
2,634,378
The speclflc purposes for whlch the funds are to be applied are as follows..
Unrestrlcted Funds
General reserve The general reseNe covers the operatlon of the garden.
Restrlcted Funds
Beach Access Project - Thls restrlcted fund has arisen from grant5 recelved, to help bulld an Improved access
to the beach from the gardens, Work commenced on thls project In January 2019 and was completed durlng
the year ended 3 1 January 2020,
Water Course - Thls restrlcted fund arose In 1995 from grant monles recelved to alter the water course In the
garden.
Garden Improvement Fund Thls restrlcted fund has malnly arlsen from grants recelved In 2000 for garden
Improvements. Donatlons for speclflc Items wlthln the garden are reflected In thls fund. Donatloris for "Adopt
tree and 'Donate a bench" are Included wlthln thls fund. The related costs are offset agalnst the donatlons
once the tree Is planted or the bench Is placed wlthln the garden.
Sculpture Project - Thls restrlcted fund arose In 2002. A wooden carvlng was made and erected In the garden.
Donatlons and sponsorshlp monles were recelved for thls speclflc project and the related costs were offset
agalnst them,
Vlsltor Centre and Hortlcultural Works Fund - Thls restrlcted fund arose In 2001 from the constrtsctlon of new
bulldlngs at Trebah, whlch started In September 2001. It was funded by a grant from the Herltage Lottery Fund
for the sum of £ 1,389,000 and from Objectlve One for the sum of £540,223. The constructlon was completed
n June 2002 and opened to the publlc, The Income Is the grants recelved and the expendlture Is the
depreclatlon costs as they arlse.
Amphltheatre - Thls restrlcted fund arose In 2013 as a way to help wlth the fundlng of the c05t of bulldlng the
Amphltheatre. We garnered thls Income as donatlons to our "Adopt a Seat" Inltlatlve, relatlng to the
Amphltheatre, whlch wlll be acknowledged by way of a plaque Inscrlbed wlth the donor's name.
Major Hlbbert Memorlal Thls fund arose In 2014 when donatlons were recelved followlng the death of Major
Hlbbert. The restrlcted fund wlll be used for expendlture on the garden In memory of Major Hlbbert.
Events & Educatlonal projects fund Thls fund represer¢ts grants recelvable to asslst wlth fundlng the cost of
dellverlng theatre performances and educatlonal projects at Trebah Garden.
Page 36

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
25 Analysls of net assets between funds
Group and Charlty
Balance at i
February
2023
Incomlng
resources
Re$ourceg
expended
Balance
31 January
2024
Tran$f•r•
Restrlcted funds
Beach Access Projert
Water Course
25,530
39,100
92,295
994
(4,500)
21,030
39,100
92,295
994
Garden Improvements
Sculpture Project
Vlsltor Centre
138,634
10,813
24,338
885
118,4881
1920)
120,146
19,187
24,338
885
Court Garden
9,294
Amphltheatre
Major Hlbbert Memorlal
Theatre & Educatlonal Projects
24,000
24,000
Tot41 re•trl¢ted fund•
356,589
9,294
{23,908)
341,975
Restrlcted
Fundg
Unrestrlrted
Funds
Total Fund•
Group
Balance at l Febrvary 2023
Income
356,589
9,294
(23,908)
341,975
5,206,114
2,296,844
(2,216,954)
5,286,004
5,562,703
2,306,138
12,240,862)
5,627,979
Expendlture
Balance at 31 January 2024
Restrlct•d
Fund$
Unre8trlrted
Fund•
Total Fund8
Charlty
Balance at l February 2023
Encome
356,589
9,294
123,908)
341,975
5,251,492
1,216,870
11,110,301)
5,358,061
5,608,081
1,226,164
(1,134,209)
5,700,036
Expendlture
Balance at 31 January 2024
Page 37

Trebah Garden Trust
Notes to the Financial Statements for the Year Ended 31 January
2024
26 Related party transartlon
Charlty
Durlng the year the Charlty made the followlng related party transactlons.,
Trebah Enterprlse$ Llmlted
(wholly-owned subsldlary of Trebah Garden Trust>
Trebah Garden Trust ralsed Management charges to Trebah Enterprlses Llmlted of £134,885 (2023.. £110,924}
In the year and charged rent to Trebah Enterprlses Llmlted of £17,664 (2023: £ 17,6641 In the year.
Durlng the year, Trebah Enterprlses Llmlted Issued share capltal at par wlth a value of £99,998, These were
fully subscrlbed to by Trebah Garden Trust.
The Intercompany account remalns unsecured and repayable on demand, At the balance sheet date the
amount due from Trebah Enterprlses Llmlted was £58,032 (2023 - É248,683).
Mr C Hlbbert
(related to two of the Trustees)
Mr C Hlbbert purchased £ 1,85512023: £2,387) of heatlng oll In the year through the Charlty, Mr C Hlbbert was
also pald £7,350 {2023.' £nll) for repalrs and malntenance servlces c3rrled out on behalf of the Charlty. These
transactlons were carrled out on a commerclal basls. At the balance Sheet date the amount due to/from Mr C
Hlbbert was £NII (2023. £NII),
Key Management Personnel
The Charlty's key management personnel In the year comprlses the Chlef Executlve Offlcer and the Operatlons
Dlrector.
The aggregate remuneratlon of key management personnel In the year was £100,380 (2023.. £72,281).
27 Control
The group was controlled by the Councll of Management, who are also the Trustees and Dlrectors, throughout
the current year. These are detalled on page 2 of these flnanclal statements.
Page 38