Registered number: 03006258
Charity number: 1044931
CASTLE HOWARD ARBORETUM TRUST
{A Company Limited by Guarantee)
ANNUAL REPORT AND FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

CASTLE HOWARD ARBORETUM TRUST
{A Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statement5
10-24

CASTLE HOWARD ARBORETUM TRUST
{A Company Llmlted by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
Trustees
Mr Greville Worthington, Chair
The Hon. Nicholas Howard1
Mrs Jane Ingham, IRets"red 24104120241
Mrs Julia Willison,
Professor Nicola Spence,
Mr Michael Sturge,
Mrs Victoria Howard,
Dr Helen Crews,
Mr Christopher Bridge,
Mr Richard Barley
Mr Alan SugEett (Retired 241041241
Professor lan Graham
Mr John Wood, (Appointed 24104120241
Caskle Howard Estate Ltd representatwe
Independent repre5entatTrve
Royal Botanic Garden5 Kew representative
Company registered number
03006258
Charity reglstered number
1044931
Registered office
The Estate Office. Castle Howard. York, Y060 7DA
Company secretary
Mr Michael Sturge
Chair
Mr Greville Worthington
Independent examiner
Mr G Baragwanath FCA
C & GB Associates
37-39 Westgate, Thirsk Y07 IQR
Bankers
Cafcash. 25 Kings Hill Avenue, West Malling, Kent, ME19 4JQ
Solicitors
Crombie Wilkinson, Forsyth House, 3 Market Pl, Malton, Y017 7LP.
Page I

CASTLE HOWARD ARBORETUM TRUST
IA Company Limited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JANUARY Z024
The Trustees present their report and the financial statement5 of the charity for the year ended 31 January 2024. The
trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by
Charities" IFRS 1021 in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts
and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charitie5-
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under
The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 15 not required.
Objectives and Activitie5
a. Policies and objectives
The Trust was founded in 1997. Its prime purpose is the curation of its extensive botanical collections for the purpose of
dendrology, botanical science, education and conservation. In 2017 a Strategic Plan 2018-22 was adopted that sets out the
vision for the Trust's work and activities over a five year period. It states that:
Our mission is to grow the widest possible range of trees for conservation, for education, for people and for inspiration.
The mission is encapsulated in our motto.. Inspiration, Education, Conservation.
Our vision is to be one of the finest collections of temperate trees set in a rich and attractive landscape.
A new Strategic Plan is being developed.
The tree collertion in the Yorkshire Arboretum and the garden in Ray Wood is overseen by the Director. In 2023-24 the
collection was maintained by two full time Operations Team employees and a part-time Plant Records Officer.
The Trust maintains an electronic catalogue of its collection, which is available to search online in conjunction with an
interactive map.
Further information on the Trust can be found at www.
orkshirearboretum.or
Achievements and performance
a. Financial review
Income for the year totalled £535,91312023'. £280,386), after expenditure of £515,46312023.' £429,222) the surplus before
revaluations was £20,45012023: deficit1£148,83611, after gains/llossesl on investments of1£3,816112023'.1£7,38511 there
was an overall surplus for the year of £16,634 12023- deficit 1£156,2711, resulting in total funds carried forward of
£1,682,38312023: £1.665.7491. Unrestricted funds carried forward were £1,531,20012023: 1,457,464). Restricted funds
carried forward were £13.75012023'. £56.8721. Endowment funds carried forward were £137.43312023'. £151,413).
Page 2

CASTLE HOWARD ARBORETUM TRUST
{A Company knmited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
Achievements and perAormance- continued
b. Achievements and performance
In 2023-24 the Trust continued to manage and improve the grounds and collection in both the Yorkshire
Arboretum and Ray Wood and continued programme of education for all ages, Visitor numbers increased, and
membership recruitment and retention were good.
The most important development in the year was the opening of the Red Squirrel Enclosure on l April. Funded
by the King Charles111 Charitable Fund, designed by Ben Paterson (Yorkshire Arboretum arborist) and built by
volunteers, the enclosure encompasses 2500 m and includes several mature oaks and older trees. A boardwalk
provides access for visitors, who are enabled to have close-up views of the squirrels. The founding population
of two females and a male, obtained through the BIAZA Red Squirrel Studbook network, rapidly started
breeding and over the course of the year produced 12 kits. These attracted a lot of media interest and publicity,
substantially boosting arboretum revenue while interpretation educates the visitors about both Red and Grey
Squirrels.
The appointment of Ginette Alexander as Head of Tree Health and Training enabled a much fuller programme
of Tree Health Centre activities, with a shift in emphasis away from direct teaching and training to provision of
information and interpretation materials. A major project undertaken was a pilot study into the provision of
tree health training using virtual reality, in collaboration with Askham Bryan College a nd Fera Science Ltd. The
arboretum was used for ongoing research on plant health matters by scientists from Fera Science Ltd.
Volunteering effort remained strong, with (voluntary) Volunteer Coordinators being great assistance.
Volunteering covers all aspects of the Trust'5 activities, from furniture renovation to sponsorship coordination,
but is especially important in the curatorial side of our work. Volunteer teams work with staff each day of the
week.
School visits were comparable previous levels, despite our Education Officer being employed for only one day
per week following the covid pandemic. Unfortunately there is no opportunity for outreach work with schools
and this has ceased. However, the cost of travel to the arboretum is seen as a significant limiting factor.
During the year we welcomed a number of professional colleagues to the arboretum. A meeting of the Royal
Horticultural Society's Woody Plant Committee was held here in September, followed by a study day for the
International Dendrology Society. The Director continued to work one day/week on the International
Dendrology Society's Trees and Shrubs Online, making reliable information on woody plants available
worldwide.
A number of art exhibitions were held. Art classes and nature walks were well attended, and garden talks were
given in person and by Zoom. The Open Gardens programme was well received and contributed useful funds.
Curatorial notes
After a dry spring a wet summer and autumn enabled exceSlent growth of the trees and shrubs in the
collection, though wet ground made some curatorial tasks difficult. A mild but very wet winter followed. A
diversity of trees and shrubs was planted across the site.
The discovery of Phytophthora ramorum in a Rhododendron necessitated the removal of a stand of larch in
the vicinity, which was undertaken by the arboretum team through the summer and autumn. The area
Page 3

CASTLE HOWARD ARBORETUM TRUST
(A Company Limited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
remains carefully monitored.
c. Plans for future periods
Following staff changes in 2023 it Is anticipated that 2024 will see a period of consolidation and further work
towards creating a strategy for robust sustainability.
d. Investment policy and performance
The charity's Investment policy has two components:
il funds which may be required for expenditure within the next three years are held in deposit instruments which may be
realised at short notice without capital loss: and
ill funds which are held for the medium to long term in a balanced portfolio of equities and bonds which seeks to achieve
capital growth without undue risk, and also to provide a sustainable income to support the Arboretum's operating costs.
Financial reviTew
. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources
to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern
basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found
in the Accounting Policies.
b. Reserves policy
The two principal financial risks to be covered by the charity's Reserves Policy are the volatility of net income, and the
impact from material operational disruption including, but not limited to, enforced closures of the Arboretum.
The Trustees consider that a minimum level of reserves of £325,000 should be held to mitigate these two risks.
At 31 January 2024 the free reserve5 of the charity equated to £198,28112023.' £90,9801.
The Trustees accept the current shortfall relative to the above policy whilst the charity's strategic plan 15 being reviewed
and updated.
5trurture, governance ond monogement
a. Constitution
The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association
injune 1997
The charity is constituted under a Mernorandum of Association dated June 1997 and is a registered charity number
1044931.
The principal object of the charity is the curation of its extensive botanical collections for the purposes of dendrology,
botanical science, education and conservation.
Page 4

CASTLE HOWARD ARBORETUM TRUST
{A Company Llmited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
b. Method of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the term5 of the
Articles of Association. Rights of nomination exist for an independent Chair and equal numbers of Trustees as between
Castle Howard Estate Ltd and the Royal Botanic Gardens, Kew. Three Trustees have been appointed by each and six
Trustees are independent of those bodies and have been appointed by the Trustees.
c. Policies adopted for the induction and training of Trustees
New Trustees are Eiven a tour of the Arboretum and meet with staff. They also meet with the Chair of Trustees. They
receive papers such as the business plan, budget and latest annual accounts, together with the charity's Memorandum
and Articles of Association.
d. Appointment of Independent Examiners
Following a tender process, the Trustees appointed C & GB Associates to act as Independent Examiners of the Accounts
for the year ended 31 January 2024. The Trustees are grateful *or the services of BHP LLP who acted in previous years.
e. Public benefit
The Castle Howard Arboretum Trust continues to maintain and extend its nationally important hardy wood reference
collections using primarily wild source material a5 a complement to the National Collections at the Royal Botanic Gardens,
Kew and Wakehurst and other collections in the UK. In doinE SO It also makes these collections available to the public,
and visitor numbers are growing year on year.
We seek to ensure the scientific integrity of the records and to encourage the wider use of the collection for science and
conservation and to develop its educational and information services. The outdoor education programme to extend the
use of the arboretum by schools and to share the experience of such environmental education with a wide range o*
other users has been particularly successful.
Director
In July 2024 the Director, John Grimshaw MBE, advised his resignation following his appointment as Editor in Chief of the
prestigious Curtis's Botanical Magazine. He will leave at the end of September 2024. Trustees are immensely grateful to
John for his 12 years of service at the Arboretum during which huge advances were made, as well as significant
challenge5 faced, not least those arising from the covid pandemic. Throughout John served with skill, passion and
dedication.
This report was approved by the Trustees and signed on their behalf by..
Mr Greville Worthington
Trustee and Chair
Date.. kn.oe.L
Page 5

CASTLE HOWARD ARBORETUM TRUST
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
Independent Examiner's Report to the Trustees of Castle Howard Arboretum Trust (the 'charity'l
I report to the charity Trustees on my examination of the accounts of the charitable company for the year ended 31 January
2024.
Responsibilities and Basis of Report
As the charity trustees of the company land its directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l.
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts
carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed
the Directions given by the Charity Commission under section 14515llbl of the 2011 Act.
Independent Examiner's Statement
Since the charity's gross income exceeded £250,000 your examiner must be a metnber of a body listed in section 145 of
the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one
of the listed bodies.
I have completed my examination. I can confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act,. or
the accounts do not accord with those records: or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any
requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent
examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 6

CASTLE HOWARD ARBORETUM TRUST
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (incorporating the income and expenditure account)
FOR THE YEAR ENDED 31 JANUARY 2024
Unrestricted
funds
2024
Restrlcted
funds
2024
Endowment
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income and endowment5 from:
Donations and legacies
Charitable activities
Investments
Other income
311,027
194,308
11,828
18,750
329,777
194,308
11,828
162,608
111.072
5.531
Total income and endowments
517 163
535 913
280 386
Expenditure on:
Raising funds
Charitable activities
6,102
6,102
509 361
12,447
416 755
10.7
Total expendlture
510 463
515 463
429 222
Net income/lexpenditurel before
investment gains/(losses)
Net Ilossesl/gains on investments
Net income/(expenditure before
transfers
6,700
13,750
20,450
1148,8361
10,980
13,750
18,096)
16,634
1156.2211
Transfers between Funds
Net lincomellexpenditurel before
other recognlsed gains and
losses
17
73,736
143,122)
{13.9801
16,634
1156,2211
- Net movement in funds
73,736
143,122)
{13,9801
16,634
1156,221}
Reconciliation of funds:
Total funds brought forward
1457 464
151413
1665 749
1821970
Total funds carried forward
74
The notes on pages 9 to 23 form part of these financial statements.
Page 7

CASTLE HOWARD ARBORETUM TRUST
{A Company Limited by Guarantee)
REGISTERED NUMBER: 03006258
BALANCE SHEET
AS AT 31 JANUARY 2024
2024
2023
Note
Fixed assets
Tangible assets
13
1,332,919
1,366,484
Investments
14
196 079
349 895
1,528,998
1,716,379
Current assets
Debtors
15
144,401
36,690
Cash at bank and in hand
225,688
45,339
Creditors: amounts falling due within one year
16
Net current Iliabilitiesl/ assets
175 609
Creditors: amounts falling due after more
than one year
17
Net assets
74
Charity Funds
Endowment funds
18
137,433
151,413
Restricted funds
18
13,750
56,872
Unrestricted funds
18
1 531 200
1457 464
Total funds
166574
The charity's financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regirne.
The Trustees consider that the charity is entitled to exemption from the requirement to have an audit under the provisions
of section 477 of the Companies Act 20061"the Act") and members have not required the charity to obtain an audit for
the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with
respect to accounting records and the preparation of financial statements.
The financ
I stat
ments were approved and authorised for issue by the Trustees and signed on their behalf, by..
Mr Greville Worthington
{Trustee & Chairl
Date..
09.2L
The notes on pages 9 to 23 form part of these financial statements.
Page 8

CASTLE HOWARD ARBORETUM TRUST
IA Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
Cash flows from operatlng activities
Net cash used in operating activities
24
Cash flows from investing attivities
Dividends and interest
Purchase of fixed assets
Proceeds from sale of investments
11,828
17,6851
150 000
5,531
175,6791
Net cash provided by/{used in) investin8 activities
154 143
Change in cash and cash equivalents in the year
72,638
{142,5791
Cash and cash equivalents brought forward
151228
Cash and cash equivalents carried forward
25
Page 9

CASTLE HOWARD ARBORETUM TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 {CONTINUED)
Accounting Pollcies
1.1 Basis of preparation offinonclal statements
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019,
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. the
Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
Castle Howard Arboretum Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilitie5 are initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy.
The financial statements are presented in sterling which is the functional currency of the charity and
rounded to the nearest £.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to
prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small
group. The financial statements present information about the company as an individual entity and not
about its group.
1.2 Compony status
The charity is a company limited by guarantee. The members of the company are the Trustees named on page
l. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per
member of the charity.
1.3 Fund uccountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or
which have been raised bv the charity for particular purposes. The costs of raising and administèring such
funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to
the financial statements.
Endowment funds represent those assets which must be held permanently by the charity. Income arising on
the endowment funds can be used in accordance with the objects of the charity and is included as
unrestricted income. Any capital gains or losses arising on the investments form part of the fund.
Investment management charges and legal advice relating to the fund are charged against the fund.
Investment income, gains and losses are allocated to the appropriate fund.
1.4 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be
received, and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at
the time of the donation.
Page 10

CASTLE HOWARD ARBORETUM TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
Accounting Poll¢ies- continued
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement and the amount
of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance
costs are allocated to the applicable expenditure headings.
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading
activities that raise funds.
Charitable activities and Governance costs are costs incurred on the charity's educational operations, including
support costs and costs relating to the governance of the charity apportioned to charitable activities.
1.6 Tangiblefixed assets and deprecitytion
All fixed assets are initially recorded at cost.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation
is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over
their expected useful lives on the following bases..
Long-term leasehold property
Plant and machinery
Office/Workshop
Tree Health Centre
Red squirrel enclosure
20- 50 years
5 years
50 years
50 years
25 years
Assets under the course of construction are not depreciated.
1.7 Heritage Asset5
An independent Charitable Trust was formed in June 1997 by joint agreement between Castle Howard and
the Royal Botanic Gardens Kew to oversee the curation of the extensive collections of woody plants held in
both the Arboretum and in the woodland garden of Ray Wood at Castle Howard which is situated within the
Howardian Hills Area of Outstanding Natural Beauty.
The Trust holds a 99-year lease dated 23rd June 1997 with regards to the Arboretum and a licence to
manage Ray Wood.
Trustees consider the plant collection has inestimable value for envirollmental conservation, scientific
research, education and public enjoyment. To value these assets would not only involve very considerable
expense but conventional valuations would, in certain cases, lack sufficient reliability. Even if reliable
valuations could be obtained, the Trustees consider that the cost would be wholly disproportionate to any
likely benefit to the Trust or to other users of the accounts. Accordingly. the Trust does not recognise
heritage assets on its Balance Sheet and no value is placed on these assets.
Maintenance and curation costs:
These are charged and reported in the accounts under Charitable Activities by fund type in the year they
are incurred.
Further information is given in the account5.
Page 11

CASTLE HOWARD ARBORETUM TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
Accounting Policies- continued
1.8 Inve5tmentS
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost
and subsequently measured at fair value at the Balance Sheet date, unless fair value cannot be measured
reliability in which case it Is measured at cost less impairment. Investment gains and losses. whether realised
or unrealised, are combined and shown in the heading 'Gains/llossesl on investments, in the Statement of
Financial Activities.
1.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discount5 due.
1.10 Cash at Bunk and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three
months or less from the date of acquisition or opening of the deposit or similar account.
1.11 Liabilitie5 rlnd provisions
Liabilitie5 are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is
probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement
can be estimated reliably. Liabilities are recognised at the arnount that the charity anticipates it will pay to
settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the
effect of the time value of money is material, the provision is based on the present value of those amounts.
discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the
discount is recognised within interest payable and similar charges.
1.12 Employee benefits
The charity operates a defined contribution pension scheme, and the pension charge represents the amounts
payable by the charity to the fund in respect of the year.
When employees have rendered service to the charity, short-term employee benefits to which the employees
are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
1.13 Critical accounting estimates und areas ofiudgment
In the application of the charity's accounting policies, the trustees are required to make judgements.
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results rnay differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are reco8nised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Page 12

CASTLE HOWARD ARBORETUM TRUST
IA Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
Income from donations and legacies
Unrestricted
funds
2024
Restricted
funds
2024
Endowment
funds
2024
Total
funds
2024
Total
funds
2023
Donations
Donation from trading subsidiary
Gift Aid
IDS Grant
Tree Adoptions
Memorials
Squirrel adoptions and donations
Membership
125,366
3,527
63,780
12,000
26,525
5,838
4,139
15,000
140,366
3,527
67,530
12,000
26,525
5,838
4,139
41,401
27,776
9,803
11,000
22,435
3,750
Total 2023
00
Charltable activities
Unrestricted
funds
Restricted
funds
Endowment
funds
Total
funds
Total
funds
2024
2024
2024
2024
2023
Arboretum - entrance fees
Education income
Events and other income
Tree Health Centre Income
149,810
6,132
20,375
17,991
149,810
6,132
20,375
17,991
81,303
4,922
19,013
5,834
194
iii
Total 2023
iii
Page 13

CASTLE HOWARD ARBORETUM TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
Investments
Unrestricted
funds
2024
Restricted
funds
2024
Endowment
funds
2024
Total
funds
2024
Total
funds
2023
Investment income Ilisted
investrnentsl
Interest on Loan
Investment income Icashl
9,601
1,600
627
9,601
1,600
627
4,413
1,000
118
li
Total 2023
Other income
Unrestricted
funds
2024
Restricted
funds
Endowment
funds
2024
Total
fund5
Total
funds
2023
2024
2024
Miscellaneous income
1,175
Total 2023
17
Raising funds
Unrestricted
funds
2024
Restricted
funds
2024
Endowment
funds
2024
Total
funds
2024
Total
funds
2023
Donation5, fundraising, grants
& membership costs
02
Total 2023
Page 14

CASTLE HOWARD ARBORETUM TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
Analysis of expenditure on ¢haritable activitles
Unrestricted
funds
Restricted
funds
2024
Endowment
funds
2024
Total
funds
Total
funds
2023
2024
2024
Arboretum
Ray Wood
Education
Visitor Centre
Red Squirrels
Tree Health Centre
244,961
9,661
9,253
142,174
10,949
244,961
9,661
14,253
142,174
10,949
226,810
8,424
13,696
104,759
1.315
5,000
502,810
1,551
5,000
Governance Costs
507,810
1,551
414,525
2,250
504
77
Total 2023
41
Analysis of Expendlture by expenditure type
Staff costs
2024
Depreciation
2024
Other costs
2024
Total
2024
Total
2023
Expenditure on raising
voluntary income
6,102
6,102
12,447
Costs of ruisingfvnds
Arboretum
Ray Wood
Education
Visitor Centre
Red Squirrels
Tree Health Centre
179,319
8,331
12,095
70,840
10,576
56,056
1,330
2,158
61,834
7,264
15,942
244,961
9,661
14,253
142,174
10,949
85,812
226,810
8,424
13,696
104,759
1,315
59,521
9,500
3,685
17,489
52,381
Churitable ortivities
322 976
507 810
414 525
Expenditure on governance
1,551
1,551
2,250
97
41
46
77
Total 2023
24
Page 15

CASTLE HOWARD ARBORETUM TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 {CONTINUED)
Analysis of expenditure by activities
Activitie5
undertaken
directly
2024
Support CQ5t5
2024
Total
2024
Total
2023
Arboretum
Ray Wood
Education
Red Squirrels
Visitor Centre
Tree Health Centre
166,574
6,174
7,547
9,441
89,395
64,509
78,387
3,487
6,706
1,507
52,779
21,304
244,961
9,661
14,253
10,948
142,174
85,813
244,958
8,424
13,696
1,315
95,355
50,777
Total 2023
12
Analysis of support costs
Unrestricted
funds
Total
funds
2024
Total
funds
2023
2024
Wages and salaries
Postage and stationery
Computer support, equipment and software
Health and safety
Bank charges
Insurance
Bookkeeping. payroll and accountancy
Legal and professional fees
Staff training
Travel and expense5
Marketing costs
Other
94,857
2,993
8,202
3,701
10,042
8,682
11,682
8,536
450
7,182
15,539
17,796)
94,857
2,993
8,202
3,701
10,042
8,682
11,682
8,536
450
7,182
15,539
17,796)
55,825
1,790
9,473
3.184
7,503
7,102
9,971
1,994
2,555
6,108
17,577
12
io.
Governance costs
Unrestricted
funds
2024
Restricted
funds
2024
Endowment
funds
2024
Total
funds
2024
Total
funds
2023
Independent examination fee
Trustees, expenses
1,450
ioi
1,450
ioi
2,250
Total 2023
Page 16

CASTLE HOWARD ARBORETUM TRUST
(A Company Limited by Guarantee)
NOTE5 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
ii.
Net income/{expendlture)
This is stated after charging:
2024
2023
Depreciation of tangible fixed assets..
owned by the charity
Independent examination
41,251
31,984
During the year, no Trustees received any remuneration12023- £NILI.
DurinE the year, no Trustees received any benefits in kind12023 £NILI.
During the year, l Trustee received reimbursement of expenses of £IOI12023 -ENill.
12.
Staff costs
Staff costs were as follows..
2024
2023
Wages and Salaries
Social security costs
Other pension costs
295,583
17,773
12,220
252,130
15,326
8,098
97
54
The above costs include £3,000 which was included in capital additions in relation to the building of the Red Squirrel
Enclosure12023.' £29,000), leaving a net staff cost of £322,97612023- £246,554) in the cost of raising funds Inote
81.
The average monthly number of employees was as follows:
2024
No.
2023
13
14
No employee received remuneration amounting to more than £60,000 in either year.
Page 17

CASTLE HOWARD ARBORETUM TRUST
IA Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 {CONTINUEDI
13.
Tangible fixed assets
Long-term
leasehold
property
Plant and
machinery Office / Workshop
Tree Health
Centre
Red Squirrel
enclosure
Total
At l February 2023
Additions
382,550
221,556
182,772
874,441
84,444
7,685
1,745,763
7,685
At 31 January 2024
382,550
221,556
182,772
874,441
92,129
1,753,448
At l February 2023
Charge for the year
124,640
9,500
205,296
7,184
26,825
3,392
22,518
17,489
379,279
41,250
3,685
At 31 January 2024
134,140
212,480
30,217
40,007
3,685
420,529
Net book value
At 31 January 2024
24
94
14.
Fixed asset investments
Shares in group
undertakings
Listed securities
Total
Murket vulue
At l February 2023
Proceeds of sale in year
Revaluations
349,894
1150,000)
349,895
(150,000)
At 31 January 2024
96
96
Historlcal cost
122
Page 18

CASTLE HOWARD ARBORETUM TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
SubsldiTary undertoking5
The following were subsidiary undertakings ot the company=
Name
Holding
Arboretum Trust Trading Limited
loo%
The aggregate of the share capital and reserves as at 31 January 2024 and of the prof it or Ios5 for the year ended
on that date *or the subsidiary undertakings were as follows-
Aggregate of share
capital and reserves
Name
Profit/llossl
Arboretum Trust Trading Limited
15.
Debtors
2024
2023
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
10,059
44,025
90,317
4.570
9,147
22,973
44
Amounts owed by group undertakings include £30,66312023.. £29,063) which is due in more than l year. the terms
of this loan are fully disclosed in note 22 to these Financial Statement5.
Page 19

CASTLE HOWARD ARBORETUM TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 {CONTINUED)
16.
Credltors: Amounts falling due within one year
2024
2023
Trade creditors
HSBC Loan
Other taxation and social security (see belowl
Other creditors
Accruals and de*erred income
11,548
9,512
13,957
7,349
7,713
30,183
10,434
12,775
9,512
2,251
17.
Creditors: Amounts falling due after one year
2024
2023
HSBC Loan
22,224
30,814
Other taxation and social security
2024
2023
PAYE/NI
VAT
2,501
11,456
7.127
5,648
The HSBC Loan Iwhich is a government guaranteed Business Bounce Back Facility) is repayable over a maximum of 5
years commencing l April 2022, interest is charEed on the loan.
Page 20

CASTLE HOWARD ARBORETUM TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
18.
Statement of funds
Statement of funds- current year
Balance at i
February 2023
Transfers
Balance at 31
in/out Gains/ {Lossesl January 2024
Income
Expenditure
General Funds
1457 464
517 163
510 463
1531200
Endowmentfvnds
Howard Fund
Howick Fund
145,529
5,884
{8,096)
137,433
{5,884}
151413
18,096
137 433
Restrlrtedfunds
Red Squirrel Project
Education Shelter
Education visits
36,872
20,000
{36,8721
{20,0001
18,750
{5,000)
13,750
Total of funds
16
Endowment funds
The Howard Fund is capital given to provide income from interest to support the maintenance of the collections.
The Howick Fund is capital given to provide income for the maintenance of the botanical collections
Restrlcted funds
Red Squirrel Project represents monies raised for a capital Red Squirrel Project.
Education visits represents monies to support school visits.
Transfers out of restricted into unrestricted funds represents capital appeals where capital expenditure has been
incurred and there is no ongoing restriction in the underlying use of the assets.
Page 21

CASTLE HOWARD ARBOR￿um TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
18.
Statement of funds- contlnued
Statement of funds- prior year
Balance at
l February
2022
Transfers
in/(out)
Gains/ Balance at 31
(Losses) January 2023
Income
Expenditure
General Funds
1602 682
260 386
397 212
1457 464
Endowmentfunds
Howard Fund
Howick Fund
144,522
5,884
1.007
145.529
5,884
150 406
151413
Restrictedfvnd5
Tree Health Centre
Business
Red Squirrel Projett
Education Shelter
32,010
36,872
132.0101
36,872
20,000
20,000
68,882
Total of funds
621
80
222
Summary of funds- current year
Balance at I
February
2023
Transfers
Inl{outl
Gains/ Balance at 31
{Lossesl January 2024
Income
Expenditure
General funds
Endowment funds
Restricted funds
1,457,464
151,413
56,872
517,163
(510,463)
62,756
15,884)
(56,872)
4,280
18,0961
1,531,200
137,433
13,750
18,750
(5,0001
Summary of funds- prior year
Balance at
l February
2022
Transfers
in/lout)
Gains/ Balance at 31
(Losses) January 2023
Income
Expenditure
General funds
Endowment funds
Restricted funds
1,602,682
150,406
68,882
260,386
1397,2121
18,3921
1,007
1,457,464
151,413
56,872
20,000
132.0101
21
Page 22

CASTLE HOWARD ARBORETUM TRUST
{A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
19.
Analysls of net assets between fund5
Analysis of net assets between funds- current year
Unrestricted
funds
2024
Restricted
funds
2024
Endowment
funds
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due after one year
1,332,919
58,646
211,938
{50,0791
122,224)
1,332,919
196,079
225,688
(50,0791
122,224)
137,433
13,750
Analysis of net assets between funds- prior year
Unrestricted
funds
2023
Restricted
funds
2023
Endowment
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due after one year
1,322,789
204,368
{17,4171
{65,155}
{30,8141
1,322,789
349,895
45,339
(65,1551
130,814)
145,529
5,884
56,872
20.
Capital commitments
At 31 January 2024 the charity had capital commitments as follows..
2024
2023
Contracted for but not provided in these financial statements
00
21.
Pension commitments
The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from
those of the charity in an independently administered fund. The pension cost charge represents contributions
payable by the charity to the fund and amounted to £12,22012023'. £8,098). Contributions totalling £7,34912023:
£9.5121 were payable to the fund at the balance sheet date and are included in creditors.
Page 23

CASTLE HOWARD ARBORETUM TRUST
IA Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
22.
Related partytransartions
The charity has a 100% subsidiary The Arboretum Trust Trading Company Limited which gift aids its surplus of
£3,52712023= £27,7761 to the Trust.
Amounts due from The Arboretum Trust Trading Company Limited of £44,02512023.' £9, 1471, are included within
debtors. The amount includes a loan due from the subsidiary company of £25.000 plus interest of £5,663, which is
due for repayment on 30 June 2026. Interest is charged on this loan at 2% per annum above base rate.
During the year, donations made by individual Trustees totalled E4,72312023: £6,230).
23.
Heritage assets
The Trust's plant holdings are found on two sites. Yorkshire Arboretum opened to the public for the first time in
1999 as part of the celebration of Castle Howard's tercentenary year although planting of the new Arboretum began
in 1975, instigated by the shared vision of the late Lord Howard and Dr James Russell. It wa5 James Russell's talented
plantmanship and extraordinary planting design that was brought to bear on the creation of the present Arboreturn.
In the 120-acre Arboretum, a native flora of species-rich grassland nestle beneath exotic trees gathered from
around the temperate world, providing a landscape that is unique in both style and substance.
The land at Ray Wood covers 40 acres and contains a collection of rhododendrons, some 500 species and 300
important hybrids along with many other rare shrubs and trees, among them other members of the family
Ericaceae, such as Vaccinium and Gaultheria and considerable collections of genera such as Sorbus. Magnolia, Rose
and Acer. Many of the plants such as Rhododendron Thomsonii, along with other rhododendrons from the Sino
Himalaya are of historic importance. The collection also includes plants gathered by many great plant collectors,
for example, Hooker, Wilson, Farrer, Purdom, Rock and Kingdon-ward.
An education programme offers a range of activities for School and community groups, families, and all visitors in
general.
24.
Reconciliation of net movement in funds to net cash flow from
operating activitles
2024
2023
Net incomellexpenditurel for the year la5 per Statement of
financial activities)
16.634
1156,2211
Adjustment for:
Depreciation
IGainsl/losses on investments
Dividends and interest
Ilncreasel/decrease in debtors
IDecreasel/increase in creditors under one year
IDecreasel in creditors over one year
41,250
3,816
111,8281
{107,711)
(15,076)
31,984
7,385
15,5311
17,653
42,610
Net Cash used in operating actiViTties
81
431
25.
Analysis of cash and cash equivalents
2024
2023
Cash at bank and in hand
Total
287
Page 24