REfJSTERED COMPANY NUMBER: 03163187 (England and Wale5)
REGISTERED CHARITY NUMBER: 1053446
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
THE GARDENS TRUST
Able & Young Ltd
Chartered Certified A(c￿ntantS
AirFort House
Purley Way
Croydon
Surrey
CRO OXZ

THE GARDENS TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Page
Report of the Board of Trustees
3to7
Independent Examiners Rewrt
Statement of Finar￿la[ ACtI￿tIeS
Balance Sheet
10t011
Notes to the Financial stateff￿nt5
12to20
Detailed Stateff*nt of Financial Activities
21to22

THE GARDENS TRUST
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE D￿AlLs
Registered Cornpany number
03163187 IEngland and Wales)
Reglstered Charfty number 1053446
Reglstered office
70 Cowcr055 Street
London
EC1M 6EJ
Trustees
Christopher John Blandford
Deborah Jane Evins
Dr Clare Hickman
Peter Thomas Hughes KC
Dr Sally Roberta Jeffery {re5igned 8th September 2022. reappointed
pllrsLiant to Ariicle 37.1 1st lanuary 2023)
Dr David john Edward Marsh (resigned W September)
Maureer) Patricia Nolan {re5igned f September pursuant to Artide 37.1)
Catriona Stenhouse (appointed W September 2023)
Francesca Murray (Ippointed f September 2023)
Paul Anthony Rabbitts
Rachel Jane Savage
Gillian Sian Sinclair
Elizabeth Jane Watson
Ex officio and nOt￿yOting members of the Board:
Joanna Elizabeth Davidson
Company Secretary
Catriona Stenhouse
Independent examiner
Rekha Shah
Able & Young Ltd
Chartered Certified Accountants
Airp)rt House
Purley Way
Croydon
Surrey
CRO OXZ
Bankers
Barclays Bank plc
Leicester
LE87 2BB
CAF Bank Limited
PO Box 289
West Malling
Kent. ME19 4TA

THE GARDENS TRUST
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
REPORT OF THE BOARD OF TRUSTEES
The Board of Trustees Iwho are also DireCtc￿$ for purEM)5es of companies lawl present their Annual Report together with
the Finanaal Statements of The Gardens Trust ("the Charity-} for the year ended 31 December 2023.
The Trustees confirm that the Annual Rewrt and financial staten*nts of the Company comply with the current statutory
requirements, the requirements of the Company5 governing docurrent and the provisions of the Statement of Recommended
Practice ISORPI 'Accounting and Reporting by Charities" further details being set in the accounting policies.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The Company is a charitable company limited by guarantee constituted under Articles of Association, as amended by Special
Resolution dated 24 July 2015, and is a Registered Charity number 1053446. Registered Company number 03163187 (England and
Wales).
Method of electfon of Board of Trustees
Board mernber5 are elected for a three-year term of offi-ce and are then required to retire at the next Annual General Meeting
but are eligible for re-electIc￿ for a further three-year temi. The natTES of those wh) are due to retire and wish to stand for re-
election to the Board are listed in the paper5 for the Annual General Meeting.
Policies adopted for the Induction and Training of Board Members
Newly elected Trustees are provided with copies of the previous Annual Rewrt and Financial Statements, the Trust's Articles of
Asx)ciation, the Trust's Busine55 Plan, the Risk Register, Trust policy docurrents, Minutes of previous Board meeting5 and Charity
Commission advice on the duties of Trustees. All Trustees se￿e on Committees or ot￿￿¥1$e have resp)nsibilities within the Trust
in addition to serving as Tmstees.
Organisational structure
The Board has Committees resp)nsible for- Conservation- Audience DeveloprrEnt, Marketing, and Communications and Education
and Training. In 2002, the Board also had a Steering Group as required by the terms of grant funding provided by the National
Lottery Heritage Fund. This acted also as a Management Committee and from the 1st January 2023, it was replaced by a
Management Committee comprising the Officers and the Chairs of Committees. The Board meets quarterly, with additional ad-
hoc meetings as required, the Managerrent Committee r￿￿ts r￿nthly, normally on the second Friday of the month, and the
Committees meet on a regular basis.
By the end of 2022, the Trust had a complerrEnt of Staff compri5ing= Head of Operation5 and Strategy- Administration and
Membership Officer,. Finance Officer. Conservation Officer. Casework Manager,. Assistant Casework Manager. Audience
Development and Engage￿￿llt Officer and three Volunteer Support Officer5. one of whom wa5 engaged during the year on a
specific project assisted by a grant from Historic England. All staff apart from the Head of Operations and Strategy were employed
part-time.
OBJECnVES AND AcllviTIES
Charitable objectives
The objects of the Charity are for the wblic benefit=
to promote the study of the history of gardens and gardening, landscape gardening and horticulture in all its aspects.
to promote the protection and conservation of historic park5. gardens and designed landscapes and to promote and
advise on their conservation.
to prornote the County Garden5 Trusts and thr¢)ugh tFEm. educatr"on. appreciation and involvement of the public in
matters connected with the arts and sciences of Garden Land; and
to encourage the creation of new parks. gardens and designed land5caFE.
Public benefit
The Board of Directors, as Trustees, confimi that have complied with duty in Section 4 of the Charities Act 2006 to have
due regard to the Charity Commission's general guidarKe on public benefi.t.

THE GARDENS TRUST
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENT AND PERFORMANCE
CHAIRMAN'S REPORT
This is my fourth annual repjrt as Chairman of the Board of Trustees. 2023 has to tE seen a5 a year of challenge and change for all
those organisations involved in the charitable sector and the Gardens Trust is no exception. It was the year in which, in some respects,
life began to return to normal after the Covid pandemic, t￿t in other respects new challenge5 emerged. These included an unwelcome
return to high inflation, a cost of living crisis affecting charitable wving, and, of even nK)re acute concern, a much nK>re dangerous
world with war in Europe and in OCto￿r 2023. fresh conflict in the Middle East.
As national charities £0, the Gardens Trust 15 a relatively small organisation. but it has an imFQrtant part to play as the voice for the
country's rich heritage of parks and gardens and for their protection and conservation. It is the only charity which is exclusively
dedicated to this. It has a special role as the only statutory con5ultee in the planning system which speaks solely on behalf of the
designed landsca￿ rather than buildings and archaeological remains. We have always had to fight for our voice to be heard, and with
the pressure for rnore house iKJilding and the development of large envir1)n￿Ental project5 such as solar farm5, we will need to shout
all the louder in the future.
To fulfil our charitable objectives, we de￿nd on a small and dedicated team of staff, trustees, and volunteers. Just as vital, though,
15 the supw)rt we receive from our ThErnber5, tx)th indiwdual members and the thirty Six County Garden5 Tru5t5 and the Welsh Historic
Gardens Trust. In the past, we have received essential financial assistance from grants, provided mainly by Historic England. The
national financial climate, though, is now such. that thi5 source is no longer as dependable or generous a5 in the past. We must look
for alternative means of financial SUPFrt)rt. This includes our ￿EM￿rS, SUPFX)rters, and other initiatives to raise funds.
During 2023 the restrictions of the Covid pandemic were gradually relaxed but life did not just return to pre-pandemic normality. The
pandemic disrupted e￿stIng networks and pattems of doing things. Teams of volunteers had been disbanded and needed to be re-
fomied. In-person events had been suspended and when they could be re-intrcKJuced, tEople had got out of the habit of attending
events. Some still felt a reluctance to mix. Online talks and events, which had been such a lifeline during lockdowns, whilst still
popular, were less-well supported. In comrrL)n wth other charities, the Gardens Trust has faced financial challenges coming out of
the pandemic.
In my last annual rewrt, I referred to the 1mplen￿ntatIOn of our strategic Business Plan and the need carefully to manage our
resources, and the need to rely to a limited extent on our reserves. Our objective was to provide a sound and resilient platform from
which to build the future of the organisation. There are a number of priorities for the future of the Trust that have been identified.
One is in relation to our role as Statutory consultees in the planning system. The number of planning applications has grown year-on-
year and there is an increasing number of sensitive and controversial protx)sals. Our conservation team do an incredible job but we
need to expand our team to ensure that we can rrEet the t￿rden of the work for the future. ANJther is to grow our membership, to
tind new ways of explaining what we do and why it is imwrtant, and to encourage younger people to join us. A third is to broaden
our financial appeal. We cannot rely on rreM￿r5hiP 5ubscriptr.ons alone. In 2023 we appointed our first fund raising officer, Tara
Hamdi. She has considerable exFtrience in the field and is working on ways to attract new sources of financial support.
Our trustees knew that 2023 was always going to be a difficult year as we implemented the Business Plan. It has, though proved more
challenging than anticipated. Thi5 has been. in part, because of the economic and financial climate but a150 a consequence of the
pandemic. We have been obliged to rely on our reserves to a greater extent than we had planned for and would have wished. The
altemative would have trten to scale back on our actiwtie5 and plan5 for the future. The Board considered that thi5 would have been
a retrograde step, and that our underlwng financial p)sition was sufficiently secure for us to avoid taking such ￿￿aSureS. It does,
t￿)Ugh, add to the urgency for the future of raising our own fund5 and reducing our dependerKy on 5UPFK)rt from public funds.
On the w51tive side, though, 2023 wa5 also a year of achievement for the Garden5 Trust. More information can be found in our Impact
Report for the year and the committee rep)rts on Conservation, Audience Development, Marketing and Communications, and
Education and Training. In brief, though, we received 777 planning consultations affecting registered parks and gardens and submitted
545 written responses. These were the highest figures ever. Our conservation team, Margie Hoffnun£, Alison Allighan, and Daniel
Bowles, and meM￿rS of the Conservation Committee chaired by Chris Blandford, and our volunteers in the County Gardens Trusts
around the country did an amazing job.
We successfully used scKial media to engage with authences we would othernise not reach and alert them to what we do and why it
is so important for the future. There were over 145.CKM) visitors to our weekly blog and an incredible 224,851 views of posts on social
media. In addition we provided training for 660 volunteers. This success owes much to Frankie Taylor, our Engagement Officer, and
the members of our Audience Development Committee chaired by Rachel Savage. The attendance figures for our programme of online
and in Ferson lectures and events for the year exceeded 12,(XKJ. These achieverrents would not have been possible without the hard
work of the Education and Training Committee chaired by Sally Jeffery, supwrted by a team of volunteers helping to produce the
online talks. In addition. we continued to publish Garden History. the GT New5 and the online Ebulletin, thanks to the support and
commitment of Barbara Simms, editor of Garden History, Susannah Charlton and Charlotte Cassel. Sally Jeffery retired as both a
trustee and chair of the Education and Training Comrnittee at the end of the year, txjt will continue to 5UPPOrt the work of the
committee. We are immensely grateful to her for her contribution over many years.

Towards the end of the year, Chris Blandford inforrned rre that he needed to reduce his cornmitrnent5 and relinquish his role as Vice-
ChaTr of the Board of Tnjstees and chair of the ConseNation Committee. This is a decision that he took with reluctance. As Chairman,
I have benefited f rom hi5 experience and Sound advice. He ha5 alx) made a huge contribution through his work leading the proce5S to
create the Business Plan and through chairing the Conservation Committee. Happily we will not be losing him entirely and he has
agreed to continue to serve a5 a trustee.
This will be my last annual report. I have chaired the Board for four years through a period of significant change for the Trust. It 15
due time for someone younger to take the helm. Someone who can provide new vigour and lead the Trust forward. In 2025, the
Gardens Trust will celebrate its tenth birthday, and by the of the 2025 Annual General Meeting, the Board of Trustees will have
a new chair. It has been a priwlege to serve as a trustee and to chair t￿ Trust. I look foNard to the Gardens Twst continuing to grow
in stature over the years to come and to prowde a strong voice for garden history, for the protection of our rich heritage of parks and
gardens, and for their conservation for the benefit and enjoynEnt of future generations.
Peter Hughes KC

THE GARDENS TRUST
REPORT OF THE BOARD OF TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW FOR THE YEAR ENDED 31 DECEMBER 2023
In 2023 the operating outcome for the Gardens Trust was a negative figure of I£115.756}, before gainsllosses. This was broadly in
line with what was expected. As in the pre￿￿5 year, we ￿ded to increase our investment in staff hours, although we would have
been grateful for a mre realistic level of grant funding given the scott of activity required.
The Gardens Twst has continued to benefit from supwrt from Historic England funding, Th)t only in respect of our statutory casework
and County Gardens Tmsts SUPFX)rt activities, but also in other projert work, such as the very popular Suffolk's Unforgettable Gorden
Story research project. We delivered our Lottery-Funded Engaging with our Future project. Our Historic England-funded Volunteers
Save Spocel Project has been very successful in finding ways to engage new I￿OPle ￿th historic park and garden volunteering. The
Gentian Trust was very generous in facilitating the Gardens Trust to fund other small projects.
The value of our investment5 began to rise again, and at the end of the year our net gain was £8,638. Taking account of this increase
and our 0￿ratIng loss the negative outcome for the year was (£107,118), with total funds carried fO￿ard of £418,333.
Lisa Watson. Honorary Treasurer
STATEMENT OF THE BOARD OF DIRECTORS RESPONSIBIUTIES
The trustees Iwho are also the directors of The Gardens Trust for the wrw)ses of company lawl are resw)nsible for preparing
the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view
of the state of affairs of the charitable company and of the incoming re9)urce5 and application of resources. including the
income and expenditure, of the charitable company for that period. In preparing those finar￿la[ statements, the trustees
are required to
select suitable accounting FL)licies and then apply them consistently.
obsetve the methods and principles in the Charity SORP;
make Judgerrents and estimates that are reasonable and prudent-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable
company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the financial position of the charitable company and to enable them to ensure that the finanaal statements comply wth
the Companies Act 21x16. They are also reswnsible for safeguarding the assets of the charitable company and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
Risk Management
Following Charity Cornmission guidance. the Board ha5 adopted a Risk Kinagerrent Policy and agreed a Risk Register. This 15
monitored and reviewed annually and actions agreed to manage significant risks. The Board has reviewed the Risk Register during
the year and agreed action5 to addre55 or mitigate the identified 5ignifi.cant ri5k5.
Approved by order of the Board of Trustees on 9th July 2024 and signed on its behalf b
Peter Hughes QC- Chairman

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE GARDENS TRUST
Independent exarniner's report to the trustees of The Gardens Trust Ithe Compan￿>
I report to the charity tnjstees on my examination of the accounts of the Company for the year ended 31 December 2023.
Responsibilities and basis of report
As the charitys trustees of the Company land also its directors for the purwses of company lawl you are reswnsible for
the preparation of the accounts in accordance with the require￿￿nts of the Companie5 Act 2006 {'the 2006 Act'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I rewrt in respect of my examination of your charitys accounts as carried
out under section 145 of the Charities Act 2011 1.the 2011 Act'}. In carwng out my examination I have followed the
Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act.
Independent examiner's statement
Since your charitys gross incorrE exceeded £250.(KKJ your examiner must be a rrember of a listed body. I can confimi
that l am qualified to undertake the examination because l am a registered tTEmber of the AsscKiation of Chartered
Certified Accountants which 15 one of the listed trKKh"es.
I have completed my examination. I confi.rm that no matter5 have come to my attention in connection with the
examination giving cause to believe:
accounting records were Th)t kept in respect of the Company as required by section 386 of the 2CQ6 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 2CK16 Act other than any
requirement that the accounts give a true and fair view which 15 not a matter considered a5 part of an
independent examination; or
the accounts have not been prepared in accordance with the ￿￿thodS and principles of the Statement of
RecOm￿Ended Practice for accounting and rep)rting by charities lapplicable to charities preparing their
accounts in accordance with the Financial Rewrting Standard applicable in the UK and Republic of Ireland IFRS
10211.
I have no concerns and have come acr055 no other matters in connection Vrfith the examination to which attention should
be drawn in this rewrt in order to enable a proper understanding of the accounts to ￿ reached.
Rekha Shah
Association of Chartered Certified Accountants
Able & Young Ltd
Chartered Certitied Accountants
Airport House
Purley Way
Croydon
Surrey
CRO OXZ
Date: July 2024

THE GARDENS TRUST
STATEMENT OF FINANCIAL AcnvmES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Total funds
Unrestricted
funds
Restricted
funds
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Subscriptions and donations
80,660
64,889
Historic England
Historic England Projects
Other Projects
124,897
124,897
1¢X),925
2,500
40.965
5,404
Publications
7.658
7,658
18,752
Advertising
Events
InVeSt￿Ent Inco￿
906
67,647
11,902
1,182
96,510
11,434
67,818
11,902
Total
168.944
134,301
303,245
337,160
EXPENDITURE ON
Raising funds
Charitable attl￿tieS
Events
3,426
3,426
4,022
39,428
39,428
46,313
Wages and salaries
Printing and distribution
Membership
offi.ce rnanagernent costs
93,833
21,842
2,430
36.152
179,995
273,828
21,842
2,430
36.152
225,339
38,708
8,385
24.536
Other sUPPOrt C05t5
Other Projects
3,960
37,935
4,241
22,987
12,277
25,658
Total
213,349
205,652
419,CQ1
374,591
NET INCOME I (EXPENDITURE) BEFORE GAINS
AND LOSSES
.44.405
-71,351
-115,756
-37,431
Net gain511105sesl on invest￿Ents
8.638
8,638
-55,657
NET INCOMEI{EXPENDITURE)
-35.767
-71.351
-107,118
-93,088
RECONCILIATION OF FUNDS
Total funds brought forward
558.915
-33,467
525,451
618,540
TOTAL FUNDS CARRIED FORWARD
523.150
-104,818
418,333
525,451
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

THE GARDENS TRUST
BALANCE SHEET
AT 31 DECEMBER 2023
2023
Total funds
2022
Total funds
Unrestricted
funds
Restricted
funds
Notes
FIXED AsS￿s
Tangible assets
Investments
63,715
337.961
63,715
337,961
63,715
437,748
10
401.676
401,676
501,463
CURRENT ASSETS
Prepay￿Ent
Debtor5
Cash at bank and in hand
1,187
50,823
6,731
1,187
50.823
6,731
34,332
44,175
58.741
58,741
78,507
CREDITORS
An￿untS falling due wthin one year
12
142.0851
142,0851
154,5191
NET CURRENT ASs￿s
16,656
TOTAL ASSETS LESS CURRENT UABIUTIES
418.333
418,333
525,451
CREDITORS
AnK)unts falling due after mre than one year
13
ASS￿5
418 333
418 333
525 451
14
FUNDS
Unrestricted fund5
Restricted funds
523,150
-104,818
558,915
-33,467
TOTAL FUNDS
418,333
525 451
10

THE GARDENS TRUST
BALANCE SHEET- CONTINUED
AT 31 DECEMBER 2023
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2CQ6 for the year
ended 31 December 2023.
The member5 have not required the charitable company to obtain an audit of its financial statenEnts for the year ended
31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their reswnsibilities for
la
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of State of affairs of the charitable company
as at the end of each finanaal year and of its surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act
2LNJ6 relating to financial statements, so far as applicable to the charitable company.
Ibl
These financial statements have been prepared in accordance with the provisions applicable to charitable companies
subject to the small companies regime.
The financial 5taternent5 were approved by the Board of Tru5tee5 and authorised for i55ue on 9th July 2024 and were
signed on its behalf by
Peter Hughes QC -chairn￿n

THE GARDENS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING pouaES
Basis of preparing the financial statements
The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Rewrting by Charities: Statement of
R￿0MMended Practice applicable to charities preparing their accounts in accordance with the Financial
Retx)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20201., Finanthal
ReFX)rting Standard 102 The Financial Rewrting Standard applicable in the UK and Republic of Ireland. and the
Companies Act 2CN)6. The finanthal statements have been prepared under the historical cost convention, with the
exception of investments which are included at market value. as modified by the revaluation of certain assets.
Income
All income 15 recogni5ed in the Staterrent of Financial Activities once the charity has entitlement to the funds,
it is probable that the income will ￿ received and the a￿￿Unt can be measured reliably.
Expenditure
Liabilities are recogni5ed a5 exkEnditure a5 soon a5 there 15 a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic tenefits will be required in settlement
and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals ba515
and has been classitied under headings that aggregate all cost related to the category. Where costs cannot be
directly attributed to particular headings they have been allocated to actr"vitie5 on a basis cons1Stent with the
use of resources.
Tangible fixed assets
Depreciation is provided at the follo￿ng annual rates in order to write off each asset over its estimated useful
life.
Furniture, fi'xtures & fittings
- 25% on reducing balan
No depreciation is provided for on the Trust's library as, in the Board's opinion, the library will be maintained in
perpetuity.
Taxation
The charity is exempt from corForation tax on its charitable activities.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Board in furtherance of
the general objectives of the company and which have not been designated for any other purpose.
Designated fund5 comprise unre5trirted fund5 that have trEen Set aside by the Board for a particular purpose.
The aim and use of each designated fund is set out in the r￿teS to the fI￿ar￿la1 stateffEnts.
Restricted funds are funds which are to te used in accordance with specific restrictions imposed by donors which
have been raised by the company for particular purFK)ses. The cost of raising and administering such funds are
charged against the SFEcific fund. The aim and use of each restricted fund is set out in the notes to the financial
statements.
12

THE GARDENS TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING pouaES - continued
Foreign currencies
Monetary assets and liabilities dencffiinated in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of
transaction.
Exchange differences are taken into account in the Statement of Financial Activities.
Company statu5
The company is a company limited by guarantee. The directors of the company are the Board members nan￿d
in the reference and adrninistrative details. In the event of the compary being w(xJnd up. the liability in respect
of the guarantee is limited to £1 per n￿mber of the company.
Investments
Investments are stated at market value at the balance sheet date. The State￿￿nt of Financial Activities includes
the net gain5 and 1055es arising on revaluations and di5wsa15 throughout year.
Investments are held for the long-term to generate income or ca￿tal growth.
SUBSCRIPTIONS
2023
2022
tk)nations
Subscriptions
CGT Insurance surplus
27,412
52,690
558
55,981
268
INVESTMENT INCOME
2023
2022
Dividends and interest from investments
Interest receivable on liquid investments
11,648
254
11,282
152
11,902
11,434
13

THE GARDENS TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
RAISING FUNDS
Investment management costs
2023
2022
Investment management fees
3,426
4,022
SUPPORT COSTS
Totals
2023
Totals
2022
Manage￿Ent
Other
Postage and stationery
IT
Bank charges
Office sundries
Rent
Communications advisor
Independent Examiner
Exchange difference
okkeeping
6,391
12,567
798
8,694
4.020
3,635
6,391
12,567
798
8,694
4,020
3,635
3,960
48
2,278
3,235
1,291
3,585
4,467
9,680
3,780
461
36,152
40,112
28,777
TRUSTEES. REMUNERATION AND BENEFrrs
There were no trustees. re￿￿r￿ratIOn C￿ other benefits for the year ended 31 December 2023 nor for year ended
31 December 2022.
Trustees. expenses
There were rK) tru5tee5' expenses re1ml￿r5ed for the year ended 31 December 2023.
14

THE GARDENS TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
STAFF COSTS
2023
2022
Wages and salaries
Social security c05t5
251,855
207,137
273,828
225,339
The average n￿nthlY number of employees during the year was as follows:
2023
2022
Manage￿￿￿t and admini5tratr.on
ConseNation
10
10
No employees received enK>luments in excess of ￿0.[￿.
2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcllviTIES
Unrestricted
fund5
Restricted
funds
Total funds
INCOME AND ENDOWMENTS FROM
tk)nations and legacies
Charitable actI￿tieS
Grants receivable
Publications
64,889
64,889
144,390
144,390
18,752
18,752
Other trading actiwties
InVeSt￿Ent income
97,692
97,692
Total
192,767
144,390
337,160
15

THE GARDENS TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcllviTIES - continued
Unrestricted
Restricted
funds
funds
Total funds
EXPENDITURE ON
Raising funds
Charitable attl￿tTe$
Events
Wa£e5 and salaries
National insurance
Printing and distribution
Membership
Other management Costs
Other support costs
Historic England
Historic England Projects
Other Projects
Heritage Lottery Fund - Repton
4,022
4,022
46,313
60,559
46,313
225,399
164,840
38,708
8,385
24,536
4,241
38,708
8,385
24.536
4,241
22.987
22,987
Total
186.764
187,827
374,591
Net gains on investments
-55,657
-55,657
INCOMEI{EXPENDITURE)
-49,654
-43,437
-93,088
RECONCIUATION OF FUNDS
Total funds brought forward
608,569
9,970
618,540
TOTAL FUNDS CARRIED FORWARD
558.915
-33,467
525,451
16

THE GARDENS TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
TANGIBLE FIXED ASs￿s
Furniture,
fixtures &
fitting5
Computer
eqUIp￿ent
Library
Totals
COST
At 1 January 2022
At 31 December 2023
63.715
DEPRECIATION
At 1 January 2022
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
63.715
63,715
The library comprises books and joumals donated to the TNst from titTE to time and is valued at the estimated
C05t when donated. The library 15 housed at the Library of the University of Bath, BA2 7AY and the Library of
the University of York, Y010 5DD.
10.
FIXED Ass￿ INVESTMEltrs
Listed
inve5trrents
Unlisted
inve5trnent5
Totals
MARKET VALUE
At 1 January 2023
Addition5
Diswsals
Revaluations
437,248
101.998
1210,423}
8,638
5LIJ
437,748
101,998
1210,4231
8,638
At 31 December 2023
337,461
5(KJ
337 961
NET BOOK VALUE
At 31 December 2023
337,461
337,961
At 31 December 2022
437 248
5LIJ
437 748
There were no investment assets outside UK.
Unlisted investments comprises a Pen and Wash painti￿ that was donated in earlier years and is included at its
estimated market value.
17

THE GARDENS TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2023
2022
Other debtors
52,010
34,332
52,010
34,332
12.
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2023
2022
ial security and other taxes
Accnjals and deferred income
8,673
33,412
6,303
48,216
Accmals and deferred income for 2023 includes grants received from Historic England in respect of the
foll￿ng year.
13.
CREDITORS: AMOUF￿5 FALUNG DUE AFtER MORE THAN ONE YEAR
2023
2022
Accruals and deferred income
14.
MOVEMENT IN FUNDS
Net movement
in fund5
At 1.1.23
At 31.12.23
Unrestricted funds
General fund
Library Fund
Fighting Fund
Fund for Conservation
College Lectures
349.261
63,715
30,758
112,341
-35,767
313,494
63,715
30,758
112,341
558,915
-35,767
523,150
Restricted funds
Other Projects
Frank Clark
G DruM￿￿nd Volunteer Award
-34,996
-71,351
-106,347
529
529
-33.467
-71,351
-104,818
TOTAL FUNDS
525.451
-107,118
418,333
18

THE GARDENS TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
14.
MOVEMENT IN FUNDS- continued
Net rnvement in funds, included in the aL￿e are as follows=
Incoming
resource5
Resources
expended
Gains and Movement in
1055es
fund5
Unrestricted funds
General fund
168.944
213,349}
8,638
-35,767
168.944
{213.349}
-35,767
Restricted funds
Historic England
Other Projects
124,897
1159,261 }
46.391 }
-34,364
-36,987
134,301
1205,652)
71,351
TOTAL FUNDS
303,245
419,(K11 }
-107 118
Comparatives for movernent in fund5
Net movement
in funds
At 1.1.22
At 31.12.22
Unrestricted funds
General fund
Library Fund
Fighting Fund
Fund for ConseNation
College Lecture5
398,915
63,715
30,758
112,341
2,840
-49.654
349,261
63,715
30,758
112,341
608,569
-49,654
558,915
Restricted funds
Historic England
Other Projects
Frank Clark
G DrumrTh)nd Volunteer Award
8,441
-43,437
-34,996
529
529
9,970
-43,437
-33,467
TOTAL FUNDS
618,540
-93,088
525,451
19

THE GARDENS TRUST
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
Comparative net movement in funds, included in the atrmjve are a5 follows:
Incorning
resources
Resource5
expended
Gain5 and
losses
Movernent in
funds
Unrestricted funds
General fund
192.767
186,764}
-55,657
-49,654
192.767
{186,764}
-55,657
-49,654
Restricted funds
Historic England
Other Projects
144.390
187.827}
187 827)
TOTAL FUNDS
337.160
374.591 }
-55,657
-93,088
The purFK)se of each material fund may be summarised as follows:
De￿gnated funds:
The Library Fund comprises and journals donated to the Trijst from time to tin￿.
The Fighting Fund comprises funds designated by the Board as such from time to time to help build a general
reserve.
The Fund for Conservation comprise5 gifts to the Trust designated to be held to supwrt the Twst's objective5 in
conservation work.
The College Lecture Fund is designated to be used for edUCati(￿al purp)ses.
The G Dnjmmond Volunteer Award Fund was contritrmjted by CGTS.
General funds:
The General fund represents net assets of charity that are not Designated Funds or Restricted Funds.
Restricted funds:
The grant from Historic England has teen applied to Cor￿er¥atIon and I￿alIsM work in England.
The Frank Clark Fund contains a grant to be used towards work on a publication of the life and work of the
Trust's founding President. Frank Clark.
15.
RELATED PARTY trfSCLOSURES
There were no related party transactions for the year ended 31 Decemtser 2023 or 2022.
20

THE GARDENS TRUST
DETAILED STATEhlENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
INCOME AND ENDOWMENTS
Subscriptions and donations
tk)nations
Subscriptions
CGT Insurance surplus
27,412
52,690
558
55,981
268
80.660
64.889
Other trading activities
Advertising
Contribution5 from memberfs events etc.
906
67.818
1,182
96,510
68,724
97,692
Investment income
Dividends from investments
Interest receivable on liquid investments
11,648
254
11,282
152
11.902
11,434
Charitable activities
Publications
Grants receivable
7,658
136,856
18,752
144,390
144,514
163,142
Total Incomlng resources
303,245
337,160
EXPENDITURE
Investment management costs
Investment management fees
3,426
4,022
Charitable activitie5
Wages and salaries
Events
Printing and distribution
Membership
Historic England Projects
273,828
39,428
21,842
2,430
225,399
46,313
38,708
8,385
374,468
345,814
Support costs
Management
36,152
24,536
36.152
24,536
21

THE GARDENS TRUST
DETAILED STATEhlENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Other
Independent Examiner
3,960
3,960
Total resource5 expended
419.CK)1
374,591
Net income l (expenditure) before gains and
losses
-115,756
-37,431
Reallsed and unreallsed galns and losses
Net realised gain51llossesl on fixed asset investrrents
Unrealised gainslllossesl on revaluations of fixed assets inveSt￿￿ntS
6.145
2,493
2,506
-58,163
Net Income l (expenthture)
-107 118
22