REGIERED COMPANY NUMBER: 03163187 (England and Wales) REGIERE0 CHARITY NUMBER: 1053446 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE GARDENS TRU Able & Young Ltd Chartered Certified Accountants AirrKJrt Hse Purley Way Croydon rrey CRO OXZ
THE GARDENS TRU CONTENTS OF THE FINANCIAL ¥fATEMENT5 FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Board of Trust 3to9 Independent Examiner's RerM)rt 10 Statement of Financial l£tivities 11 Balance Sheet 12to13 Notes to the Financial Statements 14to22 Detailed Statement of Financial ArtT¥ities 23to24
THE GARDENS TRUST REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03163187 IEngland and Wale51 Registered Charity number 1053446 Registered offlce 70 Cowcr0s5 Street London EC1M 6EJ Trustees Jo Barnes (appointed 17th September 2024} Christopher John Blandford Deborah Jane Evans Dr Clare Hickman Catriona Hoyes Peter Thoma5 Hughe5 KC (resigned 17th September 2024) Francesca Murray Paul Anthony Rabbitt5 (resigned 1st October 20241 Rachel Jane Savage Gillian Sian Sinclair Victoria Louise Thomson lapp)inted 17th September 20241 Elizabeth Jane Watson Ex officio and non-voting members of the Board= Joanna Elizabeth Davidson Company Secretary Catriona Hoyes Independent examiner Rekha Shah Able & Young Ltd Chartered Certified Accountants Airport House Puriey 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 TRusr REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REPORT OF THE BOARD OF TRuEE5 The Board of Trustees Iwho are also Directors for the rxjtposes of the companies lawl present their Annual Report together with the Financial Statements of The Gardens Trust I'the Charitfl for the year ended 31 December 2024. The Trustees confirm that the Annual Report and financial statements of the Company comply with the current statutory requirements, the requirements of the Companls governing document and the provisions of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charitie5-, fLbrther detai15 being Set in the accounting policie5. RUCTURE. GOVERNANCE AND MANAGEMEI Constitution The Company is a charitable company limited by guarantee constituted under Artlcles of Assooation, as amended by Special Resolution dated 24 July 2015, and is a Registered Charity number 1053446, Registered Company number 03163187 (England and Wale51. Method of election of Board of Trustees Board members are elected for a three-year term of office and are then required to retire at the next Annual General Meeting but are eligible for re-election for a further three-year term. The names of those who are due to retire and wsh to Stand for re-election to the Board are listed in the paper5 for the Annual General eting. Policies adopted for the Induction and Training of Board Members Newly elected Trustees are prowded with copie5 of the previous Annual Report and Financial Statements, the Trust's Articles of A$$(1atl0n, the Trust's Business Plan, the Risk Register, Tnst policy documents, Minutes of prewous Board meetings and Charity Commission advice on the duties of Tnjstees. ALI TrUstS serve on Committees or otherwse have restx)nsibilities within the Trust in addition to serving as Trustees. Organlsatlonal structure The Board has Committees responsible for: Consetvation. Allence DeveloptrEnt, Marketing) and Communications,. and Education and Training. There 15 also a Management Committee comprising the Officers and the Chairs of Committee5. The Board meets quarterly, wtth additional ad-hoc meetings as required, the Management committ meets monthly. and the Committees mt on a regular basis. The Trust had a complement of staff compri5ing- Head of OperatKln5 and Strategy- Ad715tratlon and Mernber5hip Officer- Finance Officer- Conservation Officer- Casework hk3nager- 57stant Casework Manager- Audience Development and Engagement Officer and three Volunteer &Jpport Officers, one of whom was engaged during the year on a specific project a551Sted by a grant from Historic England. All staff apart from the Head of Operations and Strategy were employed part-time. oBJEIVEs AND AcnvmES Charltable objectlves The object5 of the Charity are for the public LEnefTt- to promote the study of the htstory of gardens and gardening, landscare gardening and horticulture in all its asttcts. to promote the protettion and conservation of historic parks, gardens and designed landscapes and to promote and advise on their conservation- to promote the County Gardens Tnjsts and through them, education, appreciarion 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 landscape. Publlc beneflt The Board of Directors, a5 Trustees, confirm that they have complied th the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission'5 general gLridance on public benefit.
THE GARDENS TRUST REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEAIENT AND PERFORMANCE TRUSTEES. OVERVIEW The Gardens Trust is a statutory consultee in the planning system, which means that local planning authorities must consult us, and we mt restxjnd, on any planning applications that may affect sites on the Register of Parks and Gardens of Special Historic Interest. Whilst Historic England are only statutory consultees for Grades l and Il. we are additionally consulted on Grade11, vthich comprise 65% of the Register. In 2024we received 1.744 planning con5ultatlOn5 a5 a statutory consultee, 911 of which were for Grade 11 sites. In 2024 we made full written responses to 534 consultations. The inadequacy of government funding for our statutory consultee work means that in Summer 2024 we had to make some changes to our way of working. Regrettably) we can currently only undertake our statutory remit, which is to respond to planning application5 which impact on Registered parks and gardens. We are currently unable to offer wider advice and have had to lean heavily on thegoodwill and understanding of the County Gardens Trusts. Nationally Significant Infrastructure Projects INSIP51 increasingly came acr055 our desk, placing huge demands on the time of expert volunteers, locally and nationally. In September 2024 we started a two-year volunteer training project 'Green Futures: new infrastructure and historic gardens In the East of England,, wfth thanks to Historic England funding. In this project we will train volunteers to understand NSIPS, how to know how to assess and engage with an NSIP application. and how to research, record and understand the significance of historic designed landscapes that may be affected by them. By adding this research to the hi5torK record, wa platform5 like Historic Environment Records and the National Heritage List for England, 50 that it is available to all, we can help developers, planners and statutory consultees like Historic England and the Gardens Trust to take into account the effect of NSIPS on historic paths. gardens and other tlesigned landscapes. The GT is now Certified Carbon Literate, followng Staff and volunteer training on the impacts of climate change on both our rersonal lives and in the workplace. The GardensTrust is committed to minimising its enwronmental impact, inspiring others to do the same, and plawng an active role in demonstrating and supporting the contribution that historic designed landscapes can make to managing the climate emergency. We're proud that the Gardens Trust is now an official Appointing Body to the National Trust Council, after securing an impressive 54,220 votes in their 2024 AGM, demonstrating the value that National Trust meMr$ place on historic parks and gardens and the role that the Gardens Tnjst can play. As an ApInting Body, the Gardens Trust will be better placed than ever to support the WO of the National Trust in caring for historic parks and gardens and championing their protection. In Summer 2024 the two-year Suffolk's Unforgettable Gardens Story Project was completed. The project, delivered by the Gardens Trust in partnership wth Suffolk Gardens Trust and funded by Historic England, has helped tell the storie5 of the county's park5 and gardens and brought attention to the value of its historic designed landscape5. The hard work of volunteers has resulted in the research of more than twenty htstoric parks and gardens and seven new additions to the Register of Parks and Gardens, giving these sites a tter level of protection in the planning $tem. In March 2024 the two-year Volunteers Saved Spacel Project was completed. With funding from Historic England, Volunt*rs Save Spacel enabled us to run multiple training, networking and support activities, all aiming to tell more people about our country's designed landscape heritage and to build capacity in the volunteer organisation5 working to understand and protect these landscapes. Volunteers Save Space! has helrtd over 16(KJ people, many of them from new audiences, better understand historic designed Landscapes. the threats they face, and how volunteers can help to protect them. The 36 County GardensTrusts and theweish Historic GardensTru5tarecTitKal to our work, yjpportingourstatutoryconsultee role as well as delivering wtal research and recording actiwty and helping to engage with communities across the country. As well as ongoing availability to all CGTS, in 2024 our Volunteer Suptx)rt ieam were able to give specific support to 21 CGTS, helping them to continue their wtal local work. Founded over 50 years ago, the Journal continues to offer a range of scholarty papers furthering understanding of garden history, under Dr Barbara Simm's editorship. The full contents list from 1969 to 2024 has been upjated and is now available and searchable at: thegardenstrust.orglresourcesljournall In Spring 2024 we ran a webinar on ways to share garden history research, to promote diverse contributions to interdisciplinaryscholarlydiscussion, including how to submit papers to the Journal, to encourage knowledge sharing, and promote international dialog.
THE GARDENS TRusr REPORT OF THE BOARD OF TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Icontinuedl TRusfEES' OVERVIEW {continued) The submissions guide has been updated, and is on our website: thegardenstrust.orglgarden-history- submissions-guidel In 2024 the New Research Symposium received a high number - and high standard of entries, and hosted two fr online sessions on Saturday aftemoons in November to showcase the chosen presentatlOll5. We lox)k forward to welcoming submis5K)ns again in 2025 from researcher5 approaching garden and landscape history and conservation from various academic discipline5 and yational background5. A full list of researcher5 featured and tOPlCs covered in the symp05ia over the past 13 years is available on our website: thegardenstrust.orglnew-research-symrM)siuml The winner of the Gardens Trust's 2024 Mavis 8atey Essay Prize was Emma Poynter IMPhill for her essay on 'The production, use, and significance of the Hortus Malabaricus11678-16931 in the creation of colonial botanical knowledge. There's bn a catastrophic dearth in recent years of places to study garden hisiory, so the Gardens Trust is delighted to partner with the University of Buckingham on postgraduate degree courses. This gives the opportunity to pursue research at Master's level in any one of a wide range of garden aThJ Landscape related topics. In the 2024-25 cohort there are eleven new MA students. In November 2024 the Gardens Trust published its first trM)ok - Unforsettable Gardens.. 5LXI Yeors of Historic Gordens and Landscapes. It covers around 60 individual gardens, specially selected to give a broad historical overview of British garden design from the Early Modern Period up until the Alillennium. Each chapter also include5 an essay exploring the wder changes in social context, taste and style in each period. Sales look go(MJ, wth almost 1.21X) copies sold globally in the first few weeks of its publication. In 2024 we ran over 85 events lonline and in personl, with almost 9(KA) tickets {d, to attendees from all across the world. Online highlights included a roundiable on 'Why Garden History., the firsi half of our new 6-series programme A History of Gardens, sponsored by Wocnlen Books, a new partnership with the County Gardens Trusts exploring Restoration in Action, and popular serie5 on People's Park5, Community Landscapes, Roman Gardens, Garden5 & the Written Word and Head Gardener5 Working at Historic Sites. In-person events included successful trip5 to the MERL and Forbury Gardens in Reading, Dorneywood in Buckinghamshire, Exbury Gardens in Hampshire. Charlton House and Garden in SOhea$t London, Gravetye Manor in Sussex, a multi-day study trip to Suffolk, atKI partnership sessions with the Royal Horticultural Society exploring the archives at the Lindley Library. One of the purposes of our events programme is to raise funds for our work and this year ticket sales contributed over £30,000 to the cause. We also partnered with other organisations, such as the Garden Museum for an Introduction to Garden History course, and welcomed around 30 delegates to our annual study weekend arranged in partnership with Oxford University, this year with the theme New Perspertives on Botanical Gardens. We are fortunate to have a team of long-standing volunteers making our events programme possibte and highly value their help. To complement the GT News Magne for memtws. our bulletin covering settor highlights, went out monthly to over 2,100 readers, with an extra edition for non-GT members. Social media stats for 2024 include.. our posts on X (previously Twitter) were viewed over 30380 times; Facebook posts reached over 32,) u5er5; Instagram won 3CK) more Followers and our posts have reached over 126,(KK) u5er5' Linkedln gained 2(XJ new foll¢)wers and p05t5 have been viewed 10,0(HJ times. 19 TikTok wdeos have en viewed over 75.(KKI times. We're grateful to have the he) of 6 volunteers under the age of 30 to help th our social media. In 2024 two community garden projects in historTC designed landscapes were able to progress thanks to our Gardens Trust Community Grant, supported vrith the generosity of member5 Peter and Rosy Gent. Friends of Brunswick Square & Terrace in Hove, East Sussex, received É25(K) to help restore the garden not only for the mental, physical and social benefits of the volunteers who go every Saturday, but for the mary local residents and tourists that appreciate the Square too. Dawber Garden CommunityTrust, Lincoln, received £1(KK) for a project around the restoration, ongoing maintenance, and significant improvement of the garden to ensure long term survival. We look fotvlard to seeing work progress on the projects awarded GT Community Grants in autumn 2024, which are- Arn05 Vale Cemetery in Bri5tol- Brwmhill Community Library Garden in Sheffield- a still-used historic mental health hospital garden known as 'Warneford 2LK)' in Oxfordshire- and biodiYer51ty planting5 in historic park5 a5 part of the Your Park Bath project. Barbara Moth won our Volunteer Award 2024 for her outstanding contribution to all of Cheshire Gardens Trust's activities, management, research and leadership over a period of more than 20 years. Barbara has made a huge impact, through her involvement in activities irKILKJing organi5ing conferences and stLKJy days, leading the Caldwell Nur5erie5 Project, writing article5 and delivering outreach events which have engaged new audiences.
THE GARDENS TRUST REPORT OF THE BOARD OF TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Icontinuedl TRUSTEES, OVERVIEW {continued) Due to the outstanding calibre of nomInS, we created a new award this year so Claire de Carle was given the brand new award for Exceptional Contribution, recognising her achievements in reaching out and engaging new audiences with garden historyj including the setting up of the Buckinghaff6hire Garder)ers' Network, Leing BLKkingham5hire Garden5 Trust's audience development Strategy over the next five year5 and delivering acLiwtie5 like a Heritage Open Day and sessions for the Chiltern yng Archaeologists, Club. Special mention was also given to Zhixin Zheng, for her work helping to publicise our events to a wider audience. Zhixin is one of the youngest voluntrs ever nominated and in light of this we are exploring wayswe recogn75e the achievements of our new and younger volunteers in the future. Other nominees for 2024 Volunteer Award were: Dr Sarah Rutherford, Buckinghamshire GT Joanne Mirzoeff, Buckinghamshire GT Slrffolk's Unforgettable Garden Story Volunteers- and Sally Miller, Hampshire GT. The Award was presented at the annual Gardens Trust Volunteer Celebration, held in July at the Sheffield Botanical Gardens. This celebration is a valued milestone in the Gardens Trust calendar as an opportunity to thank and celebrate the volunteers caring for historic designed Landscapes. In October we welcomed Chair5 frown 21 County Garden5 Trusts to a Chair5 h4eet Up at our office5 in London, where we discussed ways in which the CGTS and GT could work more produciivelytogether. Thiswas the first Step in what we expect to be a multi-year project to rewew and refine the GT-CGT reLatnShIp that was first established in 2015, $0 that we can together be fit-for-purpose for another ten years and beyond. CGT achievements in 2024 include- Buckinghamshire Gardens Trust's new Mission Statement project includes a focus on audience development. The team has worked hard to introduce new [pIe to garden history th least six public events over the summer. Sussex Gardens Trust began a new research project base¢J on l+kirine Gardens, West Sussex. The team supplemented its archival research with oral histories, collected during a drop-in dayin lttsy, in partnership with the Friendsof Marine Gardens. • Yorkshire GT got 3 previously Th)n-designated sites onto the Register of Parks and Gardens, including Waterton Park IGrade 111, thought to be the world'5 first nature reserve. The southwest County Gordens Trusts have invIgOrated their research groups with a kick-off event at Wiltshire Record Office in 4>ril. Gloucestershire Gardens & LandscarEs Tnjst is partnering with GI0estershlre Orchards Trust to identify, research and map historic orchards. Hertford5hire Gardens Trust has restarted its research group th a walled kTtchen garden prOJt. In September, Devon Gardens Trust celebrated the addition of two sites to the Register of Parks and Gardens of Special Historic Interest at Grade11- Larkbeare House in Exeter- probably the only 5urviwng Brit15h wlla garden by James Veitch- and Peamore Park, which developed fr(Mn an 18th century picture4L landsca. • The Essex Gardens Trust provided a grant to restore two paintings of now vanished aILotnnts at Grays - rare early examples of allotments teing used as the primary focus of a painting. London Parks & Gardens worked with the Gardens Trust and two young Stents from University College London who identified an amazing twenty park5> gardens and other green space5 that were either missing from the London Inventory or had incomplete entries. Lincolnshire Gardens Trusts Committee memLEf Elizabeth Erf)w5kill wa5 integral to developing the Grantham Green Spaces Forum IGGSFI, which 1[ champion the value of the town's parks and green spaces, ensuring they are preserved and maintained to standards that befit their intended purpose- community health and recreatN)n. Peter Hughes KC stepped down a5 Chair of Trustees at the end of his term in September 2024. We owe him a great debt of thanks for his work taking the Gardens Trust through an ambitious and challenging pemd.
THE GARDENS TRusr REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Icortinuedl TRUSTEES, OVERVIEW {continued) Plan5 for 2025 are well underway and bjld, as 15 fitting for our 10th anniversary year, and we Look forward to working with the new Chair to help deliver them. In particular- We wll work wth CGT5 on Historic England-fuwvjed scoping rewrt into a multi-year project to rewew and refine the GT- CGT relationship that was first established in 2015. $0 that we can together fit-f0r-pUrp for another ten years and beyond. The GT Community Grant will run again, with an increased grant of £8(KJO, with thanks to the generosity of members Peter and Rosy Gent. The GT New5 wll be relaunched as a fresher revitali5ed magazine. A grant from the National Archives, with thanks to Lottery Players, as part of their Archives Revealed, programme, will enable us to scope the contents of the Garden Trust's archive of papers to assess its significance and potentially apply for further grant in order to make the collection available to researchers in future. We will continue to deliver our Fundraising Strategy. designed to redu reliance on public funding and put the GT on more secure financial foundotions. Please refer to The Gardens Trust Committee Reports 2024 for further detail, and see htt s".Ilthe we- dolour-im ctl for the Impact Report 2024. ardenstrust.or Iwhat- FINANCIAL REWEW FOR THE YEAR ENDED 31 DECEMBER 2024 In 2024 the operating outcome for the Gardens Ttust'5 wa5 a rwatiye figure of IE67,173I. before gains1105se5. That thi5 negative figure was not considerably worse was down to the indefatigable efforts of the team running our Events and those involved In seekins sources of fundraising. To Ihose peopte we are extremely grateful. We are also very grateful for the many, many hours of voluntary time that have been contributed to achieving what is a very impressive list of successes for the year under review. The Gardens Trust continued to benefit from support from HistorK England funding* not only in respect of our statutory casework and County GardensTrustS 5UPPOrt activities, but a150 in other projett work, As discussed in the ervIeW, 5ufiolk's Unforsettable Garden Story research project was completed in 2024. We also delivered Volunteer5 saved Spac81 Project. The Gentian Trust continued to be very generous in facilitating the Gardens Trust to fund other small projects. The value of our investments began to rise again, and at the end of the year our net gain was £10,310. Taking account of this increase and our operating loss the negative outcome for the year was (£56,863>, wth total funds carried forward of £361,470.
THE GARDENS TRU5r REPORT OF THE BOARD OF TRuEEs FOR THEYEAR ENDED 31 DECEMBER2024 STATEMENT OF THE BOARD OF DIREOR5 RESPONSIBILMES The trustees (who are also the directNs of The Gardens Trust for the purposes of company lawl are reswnsible for preparing the Report of the Trustees and the financial statements in accordance with appIable law and United Kingdom Accounting Standard5 Iunited Kingdom Generally kcepted Accounting Practice). Company Law requires the trustees to prepare financial statenntS for each financTal year whKh give a tnje and fair view of the State of affairs of the charitable company and of the incoming re50urce5 and application of resources, including the income and expenditure, of the charitable company for that peri(Ml. In preparing t}Se financial statements, the trustees are required to - select suitable accounting polic and then apply tM consistently. - observe the methc¥Js and principles in the Charity SORP" - make judgements and estimates that are reasonable and prLKknt' prepare the financial StateEntS on the golng concem basi5 unles5 It is inappropriate to presume that the charitable company will continue in busine5S. The trustees are responsible for keeping proper accounting records vA)ich disclose th reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Art 2006. They are also resrx)nsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulanties. Risk Management Following Charity Commission guidance. the Board has adopted a Risk Management Policy and agreed a Risk Register. Thi5 is monitored and reviewed annually and actions agreed to manage significant risks. The Board has reeWed the Risk Register during the year and agreed actions to address or mitigate the identif*d significant r. Approved by order of the Board of Trust on 16 June 2025 ar signed on it5 behalf by- Elizabeth Jane Watson - Ttee
INDEPENDENT EXAMINERS REPORT TO THE TRuEEs OF THE GARDENSTRUST Independent examiner's rert to the trustee5 of The Garden5 Trust I'the Company'l I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responslbllltles and basls of report As the charitls trustees of the Company land also its directors for the purposes of company Lawl you are respx)nsible for the preparation of the accounts in aCCordare wth the requirements of the Companies Act 26 I'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 report in respect of my examination of your charitys accounts as carried out under section 145 of the Charities Art 2011 1.the 2011 Act'l. In carrwng out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Independent examiner's statement Since your charitys gross income exceeded £250,((O your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of the Association of Chartered Certified Accountants which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giwng me cause to believe: accounting records were not kept in re5rct of the Company as required by section 386 of the 2(KJ6 Act. the accounts do not accord th those records- or the accounts do not comply with the accountin£ requirements of settion 396 of the 21M)6 Act other than any requirement that the accounts give a true and fair view vthich is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance with the methods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in conneth 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. Rekha Shah Association of Chartered Certified Accountants Able & Young Ltd Chartered Certified Accountants Airport House Purley Way Croydon Surrey CRO OXZ Date- 16th June 2025 10
THE GARDENS TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Total funds Unrestrirted funds Restricted funds Total funds Note5 INCOME AND ENDOwmEs FROM Subscriptions and donations lo3.61 103,690 80,660 Historic England Historic England Projects Other Projects 99.810 3,567 99.810 3,567 12,570 124,897 8,771 Publications 5.631 5,631 7,658 Advertising Events Investment income 2,036 70,117 9,285 2,036 70,117 9,285 67,647 11,902 Total 199,531 107,177 3CK),7(P) 303,245 EXPENDITURE (J4 Raising fund5 Charitable actlvltles Events 2,655 2.655 3.426 39,673 39,673 39,428 Wages and salarie5 Printing and distribution Membership Office management cost5 129,835 10,029 113,889 243,724 10,029 9,770 64,249 273,828 21,842 2,430 36,152 64,249 Other support costs Other Project5 3,7P 3,780 Total 259,992 113.889 373,881 419,W1 INCOME I IEXPENDITUREI BEFORE GAINS AND LOSSES 4J712 7.173 -115,756 Net gainslllossesl on investments 10,310 10,310 8,638 INCOMEI{EXPENDITUREI .164.040 107,177 -56,863 -107,118 RECONCILIATION OF FUNDS Total funds brought forward 523,150 -104,818 418,333 525,451 TOTAL FUNDS CARRIED FORWARD 473.(KK) -111.530 361.4ZQ 418.333 CONTINUING OPERATIONS All income and expenditure have arisen from continuing activriies.
THE GARDENS TRUST BALANCE SHE AT 31 DECEMBER 2024 2024 Total funds 2023 Total funds UnrestrKLed fund5 RestrKted funds Note5 FIXED ASS5 Tangible assets InYestment5 63,715 63,715 63,715 10 355,469 355,469 401,676 CURRENT AS5 Prepayment Debtors Cash at bank and in hand 11 11 2,108 28,391 31,103 2,108 28,391 31,103 1,187 50,823 6,731 61,)3 61,ed)3 58,741 CREDoRs Amount5 falling due within one ar 12 155,6011 155.6011 142,0851 CURRENT ASSErs TOTAL ASSEfs LESS CURRENT UABILMES 361.470 361.470 418,333 CREDITORS Amounts falling due after more than one year 13 NET ASS5 418 333 14 FUNDS Unrestricted funds Restricted fund5 473.(KM) -111 530 523,150 TOTAL FUNDS 361.470 418.333 12
THE GARDENS TRusr BALANCE SHEET- CONTINUED AT 31 DECEMBER 2024 The charitable company is entitled to exemption from audit under 477 of the Companie5 Act 2006 for the year ended 31 December 2024. The members have not required the charitable company to obtain an audit of its financial statewnents for the year ended 31 December 2023 in accordance th Section 476 of the Companies Act 2(K)6. The director5 acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with Section5 386 and 387 of the Companies Act 2(K)6 and preparing finanoal statements which give a true and fair wew of the state of affairs of the charitable company as at the end of each financial year and of its surplu5 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 2006 relating to financial statements, so far as applicable to the charitable company. Ibl These financial statement5 have been prepared in accordance wth the provi5ion5 applicable to charitable companies subject to the small companies regin. The financial statement5 were approved by the of Tru5tee5 and authorised for issue on 16 June 2025 and were signed on its behalf by Elizabeth Jane Watson - Trustee 13
THE GARDENS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES Basis of preparin8 the financial ststemerts The financial statements of the charitable company, which is a public benefit entity Ljnder FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 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 Irela1 IFRS 1021 leffective 1 January 20201., Financial Reporting Standard 102 The Financial RepK>rting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2(M)6. The financial statements have been prepared under the historical cost convention, wirh the exception of investments which are included at market value, as n*)dified by the revaluation of certain assets. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income 11 reT¥e and the amount can be measured reliably. Expenditure Liabilities are recogni5ed a5 expwvjiture as 500n a5 there is a legal or constructive obligation committing the charity to that expendTture, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the Use of resources. Tangible fixed assets Depreciation is prowded at the following annual rates in order to write off each asset over its estimated useful life. Furniture, fixtures & fitting5 - 25% on reducing balance No depreciation is provided for on the Tnjst's library as. in the Board's opinion, the library will be maintained in perpetuity. Taxation The charity is exempt from corporatTh)n tax on its charitable tIvItIes. 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 funds comprise unrestricted funds that have iEen set aside by the Board for a particular purpose. The aim and use of each designated fund is set out in the notes to ihe financial statements. Restricted funds are funds whi(h are to be used in accordance wth specific restrictions imposed by donor5 which have been raised by the company for particular purposes. The cost of raising and admin75tering such fund5 are charged against the specific fund. The aim and use of each restrirted fund is set out in the notes to the financial statements. 14
THE GARDENS TRUST NOTES TO THE FINANCIAL ATEME¥rs- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES- contlnued Foreign currencies Monetary assets and liabilities denominated in foreign cUrnCle5 are translated into sterling at the rates of exchange ruling at the balance sheet date. Tran5action5 in foreign currencie5 are translated into sterling at the rate of exchange ruling at the date of transattion. Exchange differences are taken into account in the Statement of Financial Artivities. Company ststus The company is a company limited by guarantee. The directors of the company are the Board members named In the reference and administrative details. In the event of the company being wound Upy the liability in respect of the guarantee 15 limited to £1 per member of the company. Investments Investment5 are stated at market value at the balance sheet date. The statement of Financial Activitie5 includes the net gains and losses arising on revaluations and dissalS thmughout the year. Investments are held for the long-term to generate incowne or capital growth. SUBSCRIPMONS 2024 2023 Donations Jbscriptions CGT Insurance surplus 32,409 70,825 456 27,412 52,960 558 103.690 80.66Q INVEMENT INCOME 2024 2023 Dividends and interest from investments Interest receivable on liquid investments 9,026 259 11,648 254 9,285 11,902 15
THE GARDENS TRUST NOTES TO THE FINANCIAL ATEME¥rs- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 RAISING FUNDS Investment mana8ement Costs 2024 2023 Investment management fees 2,655 SUPPORT cosrs Totals 2024 Totals 2023 Managerr£nt Other Postage and stati(M)ery 9.587 22,882 415 13,236 7.947 3,555 5.160 9,587 22,882 415 13,236 7,947 3,555 5,160 3,780 6,391 12,567 798 8.694 Bank charges Office sundries Insurance 4,020 3.635 3,9tA) CommunicatvJn5 advi50r Independent Examiner Exchange difference )okkeeping 3.780 64,249 TRuEES. REMUNERATION AND BENEFrrs There were no tnjstees. reMunerat)n or other nefItS for the year ended 31 December 2024 nor for year ended 31 December 2023. Trustees. expen5e5 There were no trustees. expenses reimbursed for the year ended 31 December 2024. 16
THE GARDENS TRUST NOTES TO THE FINANCIAL ATEME¥rs- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS 2024 2023 Wages and salaries Social security costs 222,080 251,855 The average thlY number of employee5 during the year wa5 as follows: 2024 2023 Management and administrati Conservatn No employee5 received elnoluwwnts in exce55 of £fJ),(KX). 2023 COMPARATIVES FOR THE ATEMENT OF FINANCIAL AVmEs UnresEred funds Re#ricted fund5 Total funds INCOME AND ENDOWMENTS FROM tlonations and legacies Charitable activities Grants receivable Publications 80,660 134,301 134,301 7.658 7,658 Other trading *ivities Investment income 68,r24 68,724 Trtal 1&8.944 134,301 303,245 17
THE GARDENS TRUST NOTES TO THE FINANCIAL ATEME¥rs- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 2023 COIAPARATIVES FOR THE STATEAIENT OF FINANCIAL ACTIVITIES- continued UnrestrKted fund5 Restricted funds Total funds EXPENDuRE ON Raising funds Charitable activitie5 Event5 Wages 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 3.426 3,426 39,428 93,833 39,428 273,828 179,995 21.842 2,430 36,152 3,9t 21,842 2,430 36,152 12.277 25,658 37,935 Total 213,349 205,652 419,W1 Net 8ains on investments INCOMEIIEXPENDrruREI -35,767 -71,351 -107,118 RECONCILIATION OF FUNDS Total funds brought forward 558,915 -33,467 525,451 TOTAL FUNDS CARRIED FORWARD 41 18
THE GARDENS TRUST NOTES TO THE FINANCIAL ATEME¥rs- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 TANGIBLE FIXED ASSErs Fumiture, fixtures & fittings Computer equipment Library Totals At 1 January 2023 At 31 December 2024 63,715 DEPRECIATION At 1 January 2023 At 31 December 2024 BOOK VALUE At 31 December 2023 63.715 63.715 At 31 December 2024 63.715 63.715 The library comprises books and journals donated to the Trust from time to time and is valued at the estimated C05t when donated. The library is housed at the Library of the University of Bath, BA2 7AY and the Library of the University of York, Y010 5DD. 10. FIXED Ass INVEENTs Listed investments Unlisted investments Totals MARKETVALUE At 1 January 2023 Additions DisSalS Revaluations 337.461 47,348 1103,8651 5(J) 337,461 47,348 1103,8651 At 31 December 2024 5Q) 291 754 BOOK VALUE At 31 December 2024 291.254 5Q) 291 754 At 31 December 2023 There were no investment assets outside the UK. Unlisted investments cownpri5es a Pen and Wash painting that wa5 donated in earlier year5 and 15 included at it5 estimated market value. 19
THE GARDENS TRUST NOTES TO THE FINANCIAL ¥fATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 DEBTORS: AIAoup¥fs FALUNG DUE VIITHIN ONE YEAR 2024 2023 Other debtors 30,499 52,010 30,4 52.010 12. CREDITORS: AMoup¥fs FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes Accruals and deferred income 6.224 49 8,673 55,tl 42.085 Accruals and deferre(l income for 2024 inclLKles grants received from Historic England in respect of the following year. cREDORS. AMOUNTS FALLING DUE AER AIORE THAN ONE YEAR 2023 Accruals and deferred income 14. MOVEMENT IN FUNDS Net moverrtnt in funds At 1.1.24 At 31.12.24 Unrestricted fijnds General fund Library Fund Fighting Fund Fund for Conservation Collese Lectures 313,496 63.715 30,758 112,341 -50,150 263,346 63,715 30,758 112,341 523,150 -50,150 473,C Restricted funds Other Projects Frank Clark G Drummond Volunteer Award -1CK¥,347 -6712 -113059 529 529 -104,818 -6712 -111,530 TOTAL FUNDS 418.333 .56863 361.470
THE GARDENS TRUST NOTES TO THE FINANCIAL ATEME¥rs- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS- contlnued Net movement in funds, included in the above are as foll0v. Incoming resources Resources expended Gains and 105ses Movement in funds Unre5trirted fund5 General fund 259 9921 19J.531 1259,9921 10310 .50151 Restrlcted funds Historic England Other Projetts 103,378 1113889 -10511 107.177 11138891 -6712 TOTAL FUNDS 373 8811 10310 Comparatives for movement in fd5 Net movement in funds At 1.1.23 At31.12.23 Unrestrirted fvnd5 General furvj 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 Historic England Other Projerts Frank Clark G Drummond Volunteer Award -34,996 -71,351 -106,347 529 529 -33,467 -71,351 -104,818 TOTAL FUNDS 525,451 -107,118 418,333 21
THE GARDENS TRUST NOTES TO THE FINANCIAL ¥fATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Comparative net movement in funds. inclL#Jed in the above are as follovo: Inci)ming resources Resources expended Gains and 1055es )vement in fund5 Unrestrirted fund5 General fL¥vJ 213 3491 168.944 1213.3491 8,638 -35,767 Restricted funds HistorK England Other Projerts 124,897 159,2611 -34,364 205 6521 TOTAL FUNDS 419 (M)11 The purpose of each material fund wnay be 5ummari5ed a5 follow5: Designated funds: The Library Fund comprises books and journa15 donated to the Trust from time to time. 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 comprises gft5 to the Tnst designated to be held to support the Trust's objective5 In conservation work. The College Lecture Fund 15 designated to be used for educational purposes. The G Drummond Volunteer Award Fund was contributed by CGTS. General funds: The General fund represents net assets of the charity that are not Des7gnated Funds or Restricted Funds. Restricted funds: The grant from Historic England ha5 been applied to conservation and localism work in England. The Frank Clark Fund contains a grant to used towards work on a publication of life and work of the Trust's founding President, Frank Clark. RELATED PARTY DISCLOSURES There were no related party transartions for the year ended 31 December 2024 or 2023.
THE GARDENS TRUST DAlLED STATEME OF FINANCIALAcnvlES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Subscriptions and donations Donations Sub5CriPtions CGT Insurance surplus 32,409 70,825 456 27,412 52,960 558 103,690 80,660 Other trathng actItIeS Advertising Contributions from memberfs events etc. 2,036 70,117 n.153 68,724 Investment income Dividend5 from investments Interest receivable on liquid inve5tment5 9.026 259 11,648 254 9,285 11,9)2 Charitable *ivities Publication5 Grants receivable 5,631 115,947 7,658 136 856 121,578 Total incoming resour 3{1,709 303,245 ExPENDURE Investment management Costs Investment management fees 2,655 3,426 Charitable activities Wage5 and salaries Events Printin8 and distribution Membership Historic England Projects 243,724 39,673 10,029 9.710 2T3,828 39,428 21,842 2.430 303,196 374,468 Support costs ManagerrEnt 64,249 36,152 64,249 36,152
THE GARDENS TRUST DAlLED STATEME OF FINANCIALAcnvlES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Other Independent Examiner Total resources expended 3n,881 419,(X)1 Net income l {expenditure) before gains and losses -67,173 -115,756 Realised and unrealised gains and losses Net realised gainslllossesl on fixed asset investments Unrealised gainslllossesl on revaluations of fixed assets investn*nts 195 10,115 6,145 2,493 Net income I (expenditure) 107 118 24