2021-03-31-accounts

Report ofthe Trustees incorporating	the Strategic Report
Report ofthe Independent Auditors
Statement of Financial Activities
Balance Sheet
Statement ofCash Flows
Notes to Financial Statements

Executive Senior	Management	Team:
H Francis	Chief Executive Officer (Director)
Dr N De Vere	Head of	Science, Conservation		and Research
W Ritchie	Curator
SC Evans	Head of	Finance
D Cattell	Head of	Facilities
D Hardy	Head of	Marketing	and Communications
M Ward	Head ofTrading and Admissions
C Williams	Head of	Hospitality
A Nicholas	Human	Resources	Manager

G Davies (Chair)	G Davies (Chair)
D Howell		(Re)-appointed		November2019
R Glyn Thomas
JJames (Vice Chair)		(Re)-appointed		November	2019
Cllr DJenkins
Sir RJones		(Re)-appointed		November	2019
TJones
EParrott
5Williams
M Woods
P Smith
EWhittle
5Jennings		Appointed	1September 2020
Professor	I Donnison	Appointed	1September 2020
M Davies		Appointed	1September 2020
Dr 5Matthews		Appointed	1September 2020
P Wall		Appointed	1September 2020

						Total	Total
			Note	Unrestricted	Restricted	funds	funds
				funds	funds	2021	2020
				f	f	f	f
Income and endowments		from:
Donations and legacies				981,287	48,260	1,029,547	1,430,473
Charitable activities				964,203	2,571,980	3,536,183	4,019,647
Investment income				3,135		3,135	4,625
Other trading activities				398,212	9,032	407,244	978,027
Total income and endowments				2,346,837	2,629,272	4,976,109	6,432,772
Expenditure on:
Raising funds				317,207		317,207	917,997
Charitable activities				1,358,932	2,676,933	4,035,865	3,904,637
Total expenditure				1,676,139	2,676,933	4,353,072	4,822,634
Net income/(expenditure)				670,698	(47,661)	623,037	1,610,138
Transfers between	funds		19,20	(10,971)	10,971
Net movement infunds				659,727	36,690	623,037	1,610,138
Reconciliation ofFunds
Total funds brought	forward		19,20	3,164,896	22,521,822	25,686,718	24,076,580
Total funds carried	forward		20,21	3,824,623	22,485,132	26,309,755	25,686,718

				2021		2020
			Note	E
Fixed assets:
Tangible assets			12		26,261,036		26,115,291
Current assets:
Stocks			14	100,507		108,353
Debtors			15	721,418		1,024,701
Cash at bank	and in	hand		1,424,911		758,966
				2,246,834		1,892,020
Liabilities:
Creditors: Amounts		falling due within
one year			16	(749,432)		(880,678)
Net current assets					1,497,404		1,011,342
Net assets					27,758,440		27,126,633
Creditors: Amounts		falling due after
one year			17		(1,448,685)		(1,439,915)
Total net assets					26,309,755		25,686,718
The funds of	the charity:
Restricted income funds			19		22,485,132		22,521,822
Unrestricted	funds		20		3,824i623		3,164,896
Total charity	funds		21		26,309,755		25,686,718

						Note	2021	2020
							E	E
Net cash provided by operating activities						24	1,794p812	2,258,450
Cash flows from investing	activities:
Dividends, interest and rents from investments						5	Sp135	4,625
Purchase ofproperty plant	and equipment					12	(1,128,772)	(2,229,892)
Net cash used in investing	activities						(1,125,637)	(2,225,267)
Cash flows from financing	activities:
New finance						24	3,000
Repayments ofborrowing						24	(6,230)	(12,625)
Net cash (used in)/ from financing activities							(3,230)	(12,625)
Change in cash and cash equivalents		in the	reporting	period			665,945	20,558
Cash and cash equivalents	at the beginning		ofthe reporting		period		758,966	738,408
Cash and cash equivalents	at the end	ofthe reporting		period		24	1,424,911	758,966

Freehold premises	and leasehold	land	0%	%straight	line
Leasehold premises			2%	%straight	line
Plant and machinery			4% - 33%	%straight	line
Motor vehicles			10%- 25%	%straight	line

	Unrestdcted	Restricted	Total	Total
	funds	funds	2021	2020
	E		E	E
Donations	81,823	48,260	130,083	808,753
Legacy	4,988		4,988	9,969
Sponsorship				3,000
Grants	894,476		894,476	608,751
	981,287	48,260	1,029,547	1,430,473

					Total	Total
					2021	2020
					E	E
Welsh	Government	(Core)			834,000	581,000
Welsh	Government	—Rural	Development	Wales	60,476	27,751
					894,476	608,751

						Unrestricted	Restricted	Total	Total
~Grou						fundsf	funds f	2021	2020 f
Admission fees						365,107		365,107	575,062
Educationaland contract income						30,564	8,119	38,683	82,390
Grants						247,841	2,563,861	2,811,702	3,060,031
Membership income						213,388		213,388	185,626
Other income						40,582		40,582	29,950
Plant and seed sales						66,721		66d721	86,588
						964,203	2,571,980	3,536,183	4,019,647
rants were received	from the		following			sources:
								2021	2020
									f
European Regional Development				Fund				734,515	902,139
Welsh Government	Enabling	Natural			Resources and Wellbeing			358,681	232,561
Welsh Government	Capital Funds							195,000	395,000
The Waterloo Foundation								111,000	150,000
The National Lottery	Heritage		Fund					978,725	1,304,785
Postcode Lottery									18,480
Carmarthenshire County Council				LEADER Programme					42,931
The Finnis Scott Foundation									5,000
HMRC								285,488	9,135
Welsh Government	COVID-19							148,293
								2,811,702	3,060,031

		Unrestricted	Restricted	Total	Total
~Gd	G	funds f	funds f	2021f	2020 f
Bank interest		3,135		3,135	4,625
		3,135		3,135	4,625

					Unrestdcted	Restricted	Total	Total
					funds	funds	2021	2020
~Grou					E	E	f	E
Corporate	and wedding		income		1,787		1,787	103,652
Event income					567		567	27,086
Food and drink sales					211,647		211,647	602,151
Other sales					700		700	5,662
Renewable	income				70,680		70p680	73,795
Rental income					6,679		6,679	19,041
Sale ofgoods					106,152	9,032	115,184	146,640
					398,212	9,032	407,244	978,027
OTAL INCOME
ncome has	been generated			from the following categories:
							Total	Total
							2021	2020
							E	E
Middleton	Garden	Limited					445,391	960,843
Horticulture							29,581	32,976
Education							10,082	58,309
Admission	and membership						650,578	848,409
Operations	and central						1,207,991	720,398
Fundraising	and events						767	26,493
Science							2,447	4,930
Restricted	funds						2,629,272	3,780,414
							4,976,109	6,432,772

		Raising				Total	Total
		funds f	Direct E	Support E	Governance E	2021f	2020 E
Advertising and
ma rketing		12,229	35,901	1,173		49,303	111,016
Audit fees					12,500	12,500	12,050
Bad debt				(1,445)		(1,445)	9,733
Catering consuma bles		6,650				6,650	30,747
Cleaning and waste
management		95	20,151	374		20,620	28,007
Depreciation		2,027	958,573	18,876		979,476	970,799
Educational and research
expenditure			22,366			22,$66	74,579
Equipment hire, repairs
and maintenance		13,983	63,509	694		78,186	101,366
Event and attraction
expenses		460	(52)			408	54,181
Farm expenses			11,787			11,787	13,338
Health and safety			6,532			6,532	10,152
Horticulture costs			150,518			150,518	213,682
Insurance			53,533			53,533	49,957
Interest, card and	bank
charges			133	19,081		19,214	36,716
ITcosts		3,617	$7,868	18,470		59,955	70,520
Lease costs				5,944		5,944	6,410
Legal and professional
fees		945	91,031	12,005		103,981	86,462
Light, heat, power			176,691			176,691	227,652
Loss on sale ofasset							48,791
Other costs			1,295	2,066		3,465	4,236
Other staff and volunteer
costs		90	67,946			68,036	76,909
Printing, postage,
stationery		3,564	25,789	4,019		$$,372	32,876
Premises repairs and
maintenance			236,089			236,089	44,862
Purchases		114,842	32,793			147,6$5	330,298
Rent, rates and water			10,162			10,162	19,919
Subscriptions and	licenses	2,861	11,770	1,748		16,378	18,943
Telephone and mobiles			12,295	4,310		16,605	16,039
Translation and
interpretation			15,492			15,492	31,837
Travel and subsistence		180	1,280	4,957		6,417	37,175
Wages and salaries		155,560	1,723,472	164,169		2,043,201	2,060,462
		317,207	3,766,924	256,441	12,500	4,353,072	4,822,634

			2021	2020
				f
Middleton Garden Limited			426,545	846,252
Horticulture			321,726	362,291
Education			56,332	92,539
Admission and membership			63,678	90,349
Operations and central			617,003	806,720
Fundraising and events			74,272	176,546
Science			86,529	125,441
Interpretation			30,054	33,949
Restricted funds			2,676,933	2,288,547
			4,353,072	4,822,634
ET INCOME FOR THE YEAR
Net income for the period	was stated	after charging:
			2021	2020
~Grou			f	f
Auditors remuneration:
Audit fees			11,500	11,050
Accountancy services			1,000	1,000
Depreciation			979,476	970,799
Operating leases			11,175	10,140
NALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION			AND EXPENSES, AND THE COST OF KEY
MANAGEMENT PERSONNEL
			Total	Total
			2021	2020
			f	f
Wages and salaries			1,764,476	1,742,244
Freelance and contracted	labour		80,394	137,430
Social security costs			119,335	120,132
Pension costs (defined contribution		scheme)	62,278	60,656
			2,026,483	2,060,462

Number ofstaff to whom benefits are accruing:
Key management personnel

Total	Total
2021	2020
E	E
Total	Total
2021	2020
E	E

2021	2020
No.	No.
102	120
102	120

			2021	2020
			No.	No.
Charitable	activities		73	80
Fundraising		activities		2
Management		and administration	13	13
				95

ANGIBLE FIXEDASSETS
			Fixtures,
			fittings,
	Land and	Plant and	vehicles and
~Grou	buildings	machinery	plants	Total
	E	E		E
Cost
At 1April 2020	29,078,231	9,145,105	2,295,323	40,518,659
Additions Disposals	771,336	202,245	155,191 ~3,550)	1,128,772 (3,550)
At 31March 2021	29,849,567	9,347,350	2,446,964	41,643,881
Depreciation
At 1April 2020	9,282,177	4,148,056	973,135	14,403,368
Charge for the year	485,578	385,621	108,278	979,477
At 31March 2021	9,767,755	4,533,677	1,081,413	15,382,845
Net book value
At 31March 2021	20,081,812	4,813,673	1,365,551	26,261,036
At 31March 2020	19,796,054	4,997,049	1,322,188	26,115,291
Charity
Cost
At 1April 2020	29,078,231	9,134,004	2,294,708	40,506,944
Additions	771,336	202,245	152,294	1,125,875
Disposals			(3,550)	(3,550)
At 31March 2021	29,849,567	9,336,249	2,443,452	41,629,268
Depreciation
At 1April 2020	9,282,177	4,144,518	973,135	14,399,830
Charge for the year	485,578	383,726	107,865	977,169
At 31March 2021	9,767,755	4,528,244	1,081,000	15,376,999
Net book value
At 31March 2021	20,081,812	4,808,005	1,362,452	26,252,269
At 31March 2020	19,796,054	4,989,486	1,321,573	26,107,113

NBVofassets under finance leases
Depreciation on the above
Capital commitments at balance sheet date
Total ofassets funded by restricted	reserves
Total ofassets funded in course of	construction

			2021	2020
			E	f
Profit and Loss Account
Turnover			445,391	960,843
Expenditure			(426,545)	(938,265)
Operating profit			18,846	22,578
Statement ofChanges	in Equity
Balance brought forward			8,179	7,085
Profit and total comprehensive		income
for the period			18,846	22,578
Distributions to parent	charity under gift
aid			(18,256)	(21,484)
Balance carried forward			8,769	8,179
Capital and Reserves:
Reserves			8,768	8,178
Share capital			1	1
			8,769	8,179

14.	STOCK
			Total	Total
			2021	2020
	~Grou		f	f
	Stock		100,507	108,353
			100,507	108,353
	&barite
	Stock		21,479	25,536
			21,479	25,536
15.	DEBTORS
			Total	Total
	~Grou		2021f	2020 f
	Trade debtors		9,183	20,956
	Prepayments		57,554	54,442
	Other debtors		654,681	949,303
			721,418	1,024,701
	Charity
	Trade debtors		9,183	14,705
	Prepayments		57,554	54,442
	Other debtors		654,681	949,302
	Amounts	owed by group undertakings	67,084	63,055
			788,502	1,081,504

	Total	Total
	2021	2020
~Grou		E
Bankloans and overdrafts	25,460	37,460
Trade creditors	332,273	287,937
Deferred income	466	139,221
Accruals	389,703	373,196
Taxation and social security		29,308
Other creditors	1,530	13,556
	749,432	880,678
Charity
Bank loans and overdrafts	25,460	37,460
Trade creditors	317,995	266,819
Deferred income	466	136,745
Accruals	389,179	368,192
Taxation and social security		29,308
Other creditors	1,530	13,556
	734,630	852,080

				2021	2020
~Grou				E	E
Balance	at the start ofthe reporting	period		139,221	16,550
Amounts	added in current period				182,826
Amounts	released to income from	previous	periods	(138,755)	(60,155)
Balance	at the end ofthe reporting	period		466	139,221
Charity
Balance	at the start ofthe reporting	period		136,745	4,592
Amounts	added in current period				176,963
Amounts	released to income from	previous	periods	(137,211)	(44,810)
Balance	at the end ofthe reporting	period		466	136,745

19. RESTRICTED	FUNDS	FUNDS	FUNDS	(continued)
				Balance at				Balance at
				1April				31March
G~dd				2019 f	Income f	Expenditure f	Transfersf	2020 f
Fixed Asset Fund				20,443,181	95,000	(975,532)	2,077,861	21,640,510
Growing the Future				457,753	710,199	(667,879)	(37,066)	463,007
Regency Restoration				44,577	2,419,747	(291,870)	(2,013,554)	158,900
Apprenticeship Scheme				106,126	75,000	(49,604)		131,522
Penny David Mycology		Fund		1,800			(1,800)
The Waterloo Foundation			/
Borneo				7,951		(5,686)		2,265
Professor 0 Morgan				896			(896)
Institute of Physics				264			(264)
Welsh Government	-Sundry			2,750				2,750
National Lottery Awards		for
All Wales				7,842		(6,624)	(1,218)
Japanese Garden
Restoration				(17,192)	21,460	(2,713)	(1,555)
Feasibility Studies				(15,713)	42,931	(28,149)	931
Caru Natur Cymru'/Biophilic
Wales Project					232,561	(222,344)	(10,217)
Postcode Lottery					18,480	(10)		18,470
Sustainable management
scheme					165,036	(35,346)	(25,292)	104,398
				21,040,235	3,780,414	(2,288,547)	(10,280)	22,521,822

				Balance at				Balance at
				1April				31March
				2020	Income	Expenditure	Transfers	2021
Garou				E	E	E	E	E
General		unrestricted	funds	3,164,896	2,346,837	1,676,139	(10,971)	3,824,623
				3,164,896	2,346,837	(1,676,139)	(10,971)	3,824,623
Charity
Genera	I	unrestricted	funds	3,156,718	1,918,577	(1,248,514)	(10,971)	3,815,810
				3,156,718	1,918,577	(1,248,514)	(10,971)	3,815,810
				Balance at				Balance at
				1April				31March
				2019	Income	Expenditure	Transfers	2020
~Grou				E	f	f	E	E
General		unrestricted	funds	3,036,345	2,652,358	(2,534,087)	10,280	3,164,896
				3,036,345	2,652,358	(2,534,087)	10,280	3,164,896
Charity
General		unrestricted	funds	3,029,260	1,805,013	(1,687,835)	10,280	3,156,718
				3,029,260	1,805,013	(1,687,835)	10,280	3,156,718

NALYSIS OF NET ASSETS BETWEEN	FUNDS
	Unrestricted	Restricted	Total
	funds	funds	2021
~Grou	E	E	E
Fixed assets	4,514,204	21,746,832	26,261,036
Net current assets	759,104	738,300	1,497,404
Long term liabilities	(1,448,685)		(1,448,685)
	3,824,623	22,485,132	26,309,755
Charity
Fixed assets	4,505,437	21,746,832	26,252,269
Investments	1		1
Net current assets	759,057	738,300	1,497,357
Long term liabilities	(1,448,685)		(1,448,685)
	3,815,810	22,485,132	26,300,942
	Unrestricted	Restricted	Total
	funds	funds	2020
~Grou	E	E	E
Fixed assets	4,474,781	21,640,510	26,115,291
Net current assets	130,030	881,312	1,011,342
Long term liabilities	(1,439,915)		(1,439,915)
	3,164,896	22,521,822	25,686,718
Charity
Fixed assets	4,466,603	21,640,510	26,107,113
Investments	1		1
Net current assets	130,029	881,312	1,012,435
Long term liabilities	(1,439,915)		~1,439,915
	3,157,812	22,521,822	25,679,634

23.	OPERATING LEASECO	OPERATING LEASECO	MMITME	NTS	NTS
	The following operating		leases	were in		place as at31March 2021:
										Total	Total
	~Grou									2021	2020
										E	E
	Within one year									11,175	10,140
	Within two to five years									16,835	18,649
										28,010	28,789
	Charity
	Within one year									5,474	4,848
	Within two to five years									669	4,416
										6,143	9,264
24.	RECONCILIATION	OF NET MOVEMENT				IN	FUNDS	TO NET CASH FLOW		FROM OPERATING
	ACTIVITIES
	~Grou									2021	2020
										E	f
	Net income for the reporting			period						623,037	1,610,138
	Adjustments for:
	Depreciation charges									979,477	970,799
	Loss/(gain) on disposal									3,550	52,710
	(Increase) / decrease		in stocks							7,846	(10,812)
	(Increase) / decrease		in debtors							303,283	(606,398)
	Decrease in creditors									(119,246)	246,638
	Dividends, interest and rents from investments									(3,135)	(4,625)
	Net cash provided by operating				activities					1,794,812	2,258,450
	Anal isofCash	and	Cash E uivalents
	Cash in hand									1,424,911	758,966
	Total Cash and Cash Equivalents									1,424,911	758,966
	Anal sisof chan	es innetfunds
								At 1	New	Cash	Asat31
							April	2020	finance	flows	March 2021
								E	f	f
	Cash						758,966			665,945	1,424,911
	Loans falling due	within one year					(37,460)		(3,000)	15,000	(25,460)
	Loans falling due	after more than
	one year						(1,439,915)			(8,770)	(1,448,685)
							(718,409)		(3,000)	672,175	(49,234)

				Total
		Unrestricted	Restricted	funds
		funds	funds	2020
		E	E	f
Income and endowments	from:
Donations and legacies		721,275	709,198	1,430,473
Charitable activities		951,129	3,068,518	4,019,647
Investment income		4,625		4,625
Other trading activities		975,329	2,698	978,027
Totalincome and endowments		2,652,358	3,780,414	6,432,772
Expenditure on:
Raising funds		917,997		917,997
Charitable activities		1,616,090	2,288,547	3,904,637
Total expenditure		2,534,087	2,288,547	4,822,634
Net income/(expenditure)		118,271	1,491,867	1,610,138
Transfers between funds		10,280	(10,280)
Net movementin funds		128,551	1,481,587	1,610,138
Reconciliation of Funds
Tota I funds brought forward		3,036,345	21,040,235	24,076,580
Totalfunds carried forward		3,164,896	22,521,822	25,686,718