Company Number: 03788484
Charity Number: 1079635
THE ARBORY TRUST
(A company limited by guarantee and not having share capitsl)
REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023

THE ARBORY TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Contents
Pages
Trustees. report
Independent examiners, report
Statement of financial activities
Balance Sheet
Notes to the financlal statements
7-13
Principal address:
The Lodge
The Barton Woodland Burial Ground
Comberton Road
Barton
Cambridge
CB23 7BA
Company Number:
03788484
Charity Number:
1079635
Bankars:
Barclays Bank PIC
Cambridge
CB2 3XN
Sollcitors:
Lee Bolton Monier- Williams
1 The Sanctuary
Westminster
London
Independent Examlner
Naomi Hedger BFP FCA CTA
7 Quy Court
Colliers Lan8
stow-cum-Quy
CB25 9AU

THE ARBORY TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report with the financial statements of the Trust for the year ended 31
December 2023.
OBJECTIVES AND ACTIVITIES
The object of the charity is the provision and maintenance of public burial grounds in the advancement of
Christian religion. The Trustees in setting their objectives have had due regard to the public benefit
guidance issued by the Charity Commission.
ACHIEVEMENTS AND PERFORMANCE
The popularity of Barton continues, We are using the glades in the North Glebe for Burials and have filled
Glade 1 (Hornbeam), Glade 2 (Aspen), Glade 4 (Birch), Crab Apple (Glade 51 and Willow (Glade 3).
Spindle (Glade 8) and Oak {Glade 7) and Wayfaring (Glade 6) and Ash (Glade 9) are now open.
There were in total, 191 burials and 111 intemients of ashes in 2023 [181 Buria15 and 114 Ash internments
in 2022]. There was a consistent flow of Funera18 throughout the year. There have been relaxed covid
restrictions in line with govemment recommendations.
Burial reservations have not been allowed since 2019. The Trust can retract that decision at any time in
the future. People are allowed a reservation when it is booked at time of the burial of their loved one. We
seem to be taking more double depth reservations because of this.
The Trust anticipat8S that the number of reservations and intermonts in 2024 will continue to match if not
exceed Ihat of previous years. It is the dedication and Cohesion of the whole team, whether employees or
volunteers both at Barton and Ely, that contributes hugely to the Trust's success.
The Trustees expect that Glebe Rise will be fulty fenced in 2023 with further works due to be completed in
2024 including track and car parking provisions along with the tree planting.
Trustees
The Venerable Dr Alex Hughes, Archdeacon of Cambridge has joined the Trust.
REVIEW OF THE YEAR
The net surplus for the year amounted to £139.881 (2022- £196,597).
Rlsk analysls
The trustees confirm that major risks lo which the Trust is exposed are reviewed regularly. The trustees
delegate to a Working Group of trustees the task of ensuring that risks are reviewed and managed.
Reserves pollcy
The Trust aims to hold free reserves sufficient to cover 12 months of charitable expenditure, currently
estimated at £ 95.000. At 31 December 2023 the Trust's free reserves were £1,010,602. The long term
aim of the reserves is to enable for future acquisition of land for woodland burials, either at Barton or
elsewhere and for stte maintenance in-perpetuity.

THE ARBORY TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Plans for the future
The Trust are in the process of authorising final drawings for the se￿ice Room extension and will be
Submitting these plans for final planning permission in 2024. This is to make sure our families can be
S8ated comfortably rather than stand outside when large funerals are taking place.
The planting of trees in Glebe Rise will commence in 2024. The tracks in Glebe Rise will also be
completed in 2024.
Regarding Covid 19, we will still plan to have safety measures in place including social distancing signs
and sanitiser in place around the venue. Signs will be present to remind people to be careful. We will keep
the Lodge well ventilated when families are having a service.
STRUCTURE GOVERNANCE & MANAGEMENT
The charity was incorporated as a company limtted by guarantee on 11 June 1999 and regi8tered with the
Charity Commission on 29 February 2000, charity number 1079635.
Day to day management of the work of the Trust is undertaken by the Manager, under the direction of the
working group of Trustees. The working group meets 4 times per year, usually February, April, June and
November and the full annual meeting takes place in September.
Appolnlment of Trustees
The Chairman of the Trust must be a Bishop of the Church of England, Othor trustees are appointed to
provide expertise in the following areas.. land and woodland management, flnance,, ecological matters., and
burial practice of the Christian Church. All of these areas are covered by the current trustees. Upon
appointment new trustees are given an induction pack, which includes working group meeting minutes,
past Issues of the newsletter and the most recent annual accounts, and are invited to attend a trustees
meeting before accepting the trusteeship.
Trustees. responglblllties
The trustees are responsible for preparing financial statements for each financial year which give a true
and fair view of the state of affairs of the trust as at the end of the financial year and of the surplus or
deficit of the trust for that period. In preparing those financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.,
make judgements and estimates that are reasonable and prudent.,
comply with applicable Accounting Standards, subjecl to any material departure8
disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the trust will continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable
accuracy at any time the financial position of the trust and to enable Ihem to ensure that the financial
statements comply with the Charities Act and the Companies Act 2006. They are also responsible for
safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.

THE ARBORY TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Charlty Trustees
The Tnjstees who served during the year were:
The Rt Revd Bishop of Ely Stephen Conway (Chainnan)
(resigned 1 July 2023)
Sir Hugh Duberly KCVO C8E (resigned 12 September 2023)
The Venerable Dr Alex Hughes (appointed 25 August 2023)
Mr Richard Pemberton (Acting Chaimian from 1 July 2023)
The Revd Peter C Owen Jones
Mr Howard John Dellar
Dr Gareth John Thomas
Mrs Judy Pearson
Mr John Boocock BEM
Mrs t)eryn Coe
Mr Paul Lawson Evans
Mr Fr8ncis William Mlles Burkltt
Secretary
Mrs S Mlla
Slgned by:
Richard Pemberton
Date:

THE ARBORY TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
I report to the charity trustees on my examination of the accounts of the company for the year ended 31
December 2023 which are set out on pages 5 to 13.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity trustees of the company you are responsible for the preparation of the accounts in accordance
with the requirements of the Companies Act 2006 {the 2006 Act'}.
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 company's
accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my
examination I have followed the Directions given by the Charity Commission under section 145(5)(bl of the
2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any malerial respect..
la) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act- or
(b) the accounts do not accord with those records. or
(c) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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
(d) 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 lapplicable to charities preparing their account
in accordance with Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)].
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 underslanding of the accounts to be reacheo
Naomi Hedger BFP FCA CTA (Independent Examiner)
Date.. 4 July 2024
Chater Allan LLP
Chartered Accountants
7 Quy Court
Colliers Lane
Stow-cum-Quy
CB25 9AU

THE ARBORY TRUST
STATEMENT OF FINANCIAL ACTIVITIES (Incorparating Income and Expenditure Account}
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted Funds
General
Total
Fund
2023
Total
2022
Note
Income From:
Donations and legacies
Charitable activities
Investments
1,620
1,620
271,995 271,996
8,156
8,156
111,425
238,564
7,883
Total
281,771
281,771
357,872
Expanditure On:
Charitable activities
167,840
167,640
125,965
Total
167,640
167,640
125,965
Net gainl(loss) on investm8nts
25,750
25,750
(35,310)
Net Income (Expandituro)
139,881 139,881
196,597
Transfer between Funds:
Net Movement In Funds
139,881
139,881
198,597
Reconciliation Of Funds:
Total funds brought forward
1,617,278 1,617,278 1,420,681
Total funds carried fonNard
1,757,159 1,757,159 1,617,278
Contlnulng operatlons
None of the Trust's activitie8 were acquired or discontinued during the above financial periods,

THE ARBORY TRUST
BALANCE SHEEr
AS AT 31 DECEMBER 2023
Company Number. 03788484
2023
2022
FIXED ASSETS
Tangible assels
Investments
746.557
303.705
659,465
269,799
CURRENT ASSETS
stock
Debtors
Cash at bank
1,098
84.576
627.116
712,790
1,098
164.726
527.848
693,672
CREDITORS
Amounts falling due within one year
10
5,893
5,658
NET CURRENT ASSETS
706,897
688,014
TOTAL AS8ET8 LESS CURRENT LIABILITIES
1,757.169
1,617,278
NET ASSETS
1,757.159
1,617,278
FUNDS
Unrestricted funds..
General furKI,.
Other reserves
Revaluation reserve
1,688,174
68,985
1,574.043
43,235
13
1,757,159
1,617,278
,159
,617,278
The charhable ¢omp8ny Is enlltled to exemption from audit under Section 477 of the Companies Act 2006 for
th8 year ended 31 December 2023
The members have not required the cornpany to obtsin an eudlt of Its flnancl81 ststements for the year ended
31 December 2023 in accordance with Section 476 of Ihe Companies Act 2006
Thg Irustees a¢knO￿edge thelr re8ponsSbllltles for.
{al ensurlng thot the charitable company keep8 accounllng records ￿tch comply with Sectlons 386 and 387 01 the
Companioes Act 2006 and;
(bl preparfng financial statements vknich give 8 Iru8 and fair vlew of the state of affai15 of the charitable cornpany
as at the end of each finalcial year and of its profft or loss for each financlal year in accordance with ihe
requirements of Sections 394 and 395 and which otherwse comply wlth the requlremenls of the Comp8nie8 Act
2006 relating to financial slalements. so far as applicable to the charilablo company.
The financial slatements We￿ approved by the Board of Trustees on Z Juu1 2<£¢Fand were signed on its
behalf by:
Richard Pernberton
Tn5Stee
Deryn Coe
Trustee

THE ARBORY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
la) Basis of accounting
The financial statements have been prepared under the historical cost convention, with the exception of
investments which are included at market value. The financial statements have been prepared in
accordance with the 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
The Charity constitutes a public benefil enttty as defined by FRS102
Ibl Income
Income is recognised when the Charity has entitlement to the funds, any perfomiance conditions
attached lo the ilem of income have been met, it is probable that the income will be received and the
amount can be measured reliably.
ReseNatlon fees are recognised upon receipt and not treated as restricted due to future costs belng
negligible
(c) Expendlture
Expenditure is recognised On￿ there is legal or constructive obligation to make a payment to third
paty, it is probable that settlement will be required and the amount of the obligation can be measured
reliably.
(d) Tangible flxed a886t8
Land is not depreciated. The Memorial Lodga and it's furnishings are depreciated to wrste off the cost
over the estimated useful life of belween 10 and 25 year8. Computers are depreciated over an
estimated useful life of 3 years.
(e) Taxation
The company18 8 registered charity and as such is not liable to texalion.
(n Income and oxpenditure
The inclusion of an Income and Expenditure account is not deemed necessary as the relevant
information is included in the Statement of Financial Activities.
(g) Investments
Investments listed at the stock exchange are stated at market value at the balance sheet date. The SOFA
Includes the nel gains and losses arising on revaluations and disposal throughout the year.
(h} Pension contribution8
The company operates a defined benefli pen8lon Scheme for one member of staff. It Is a mulll-employer
scheme and it is not possible to attribute scheme assels and liabilities to specific employers. Contributions
are accounted for as if it was a defined contribution schemè.
11) Golng Concern
The trustees have considered the financial position of th8 charitable company and bèlieva St is well placed to
manage its business risk successfully.
The trustees have a reasonable expectation that the charitable company will have
adequate resources to meet its financial obligations for the next 12 to 18 months and, on that basis, they
continue to adopt the going concern basis in preparing the annual reports and the financial statements.

THE ARBORY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2 INCOME FROM CHARITABLE ACTIVITIES
A8hlPartner
Resopiatlon8
Burial
Room
hire and
other Incomo
Totsl
2023
Total
2022
Grants
Woodland burial ground
70,685 165,970
10,280
25,080
271,995
238,564
3a EXPENDITURE ON CHARITABLE ACTIVITIES
SUMMARY
Direct
Costs
Support
Co$t8
Total
2023
Total
2022
Woodland burial ground
156,833
10,807
167,640
125,985
3b EXPENDITURE ON DIRECT COSTS
Ganaral
Fund
Total
2023
Totsl
2022
Staff cost8
Traval and guardian expenses
Telephone
Payroll processing costs
Printing and slationery
Subscription
Computer expenses
Grave digging
Lodge expenses
Grounds maintenance
Professional fees
Deprecialion
Car park rent
Promotlon
65,454
1,847
1,328
2,059
1,601
65,454
1,847
1,328
2,059
1,601
55,628
1,476
1,330
2,042
1,178
990
883
4,533
5,383
28,356
1,190
10,909
1,000
672
115,568
1,255
6,103
6,385
51,879
4,875
11,797
1,000
1,250
156,833
1,255
6,103
8,385
51,879
4,875
11,797
1,000
1,250
156,833
3c EXPENDITURE ON SUPPORT COSTS
General
Fund
Total
2023
Total
2022
Insurance
Utilitie5
Diocesan office costs
Governance (Note 4)
Bank charges
1,532
3,760
1,500
3,720
295
10,807
1,532
3,760
1,500
3,720
295
10,807
1,321
3,079
1,500
4,200
297
10,397

THE ARBORY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2023
4 EXPENDITURE ON GOVERNANCE
General
Fund
Total
2023
Total
2022
Accountancy fees- current year
3,720
3,720
3,720
3,720
4,200
4,200
No Trustees received any expenses during the year (2022.. £Nill.
5 STAFF COSTS
2023
2022
Wages and salaries
Pension cost
Pension deficit redU￿10n Cost
64,603
851
54,888
740
65,454
55,628
Key management per80nn61
The total employment benefits including pension contributions of key management personnel was £32,441
(2022: £33,173)
No employee eamed £60,000 or more during the year.
The average number of employe8s during Ihe year was 4 <2022- 3)
No tru8tee received remuneration during ihe year (2022: £Nill
6 TANGIBLE FIXED ASSETS
Memorlal
Lodge
Land
Equlpmant
Total
Cost
At 1 January 2023
Addition5
552,561
89,874
144.882
22,097
9,015
719,520
98,889
At 31 December 2023
642,435
144,862
31,112
818,409
Depreclatlon
At 1 January 2023
Charge for year
46,066
8.741
13,989
3,056
60,055
11,797
At 31 December 2023
54,807
17,045
71,852
Net book value
Al 31 December 2023
642,435
90,055
14,067
746,557
At 31 D￿ernber 2022
552.561
98,796
8,108
659,465
The Trusys fixed assets are all used for charitable purposes.

THE ARBORY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
7 INVESTMENTS
2023
2022
Lisled investments..
Central Board of Finance
Income Shares
303,705
269,799
303,705
269,799
Movements in tho year: Income shares
Balance at 1 January 2023
Additions
Reinvested income
Disposals
Revaluation - unrealised
realised
269,799
8.156
25,750
Balance at 31 December 2023
303,705
STOCK
2023
2022
Grave microchips
1,098
1,098
9 DEBTOR8 AND PREPAYMENTS
2023
2022
Prepayments
Accrued income
Due from Ely Diocesan Board of Flnance
333
3,869
80,374
333
3,869
160,524
84,576
164,726
10 CREDITORS: Amounts falllng due within one year
2023
2022
Creditors & accrual8
5,893
5,658
5,893
5,658
10

THE ARBORY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11 FUNDS
General
Fund
Total
Balance at 1 January 2023
Surplusl(Deficil) for the period
1,617.278
139,881
1,617,278
139,881
Balance at 31 Decembor 2023
1,757,159
1,757,159
The restricted fund related to donations for Irees
12 ANALYSIS OF NET ASSETS BETWEEN FUNDS
General
Fund
Total
Fixed assets
Net ass8lsllliabiliti88)
746,557
1,010,602
746,557
1,010,602
Total net assets
1,757,159
1,757,159
13 REVALUATION RESERVE
2023
2022
Balance at 1 January 2023
Rev81uation In the year
43,235
25,750
78,545
(35,310)
Balance at 31 De￿mber 2023
68,985
43,235
14 CONTROLLING PARTY
The charity is controlled by the Board of Trustees.
11

THE ARBORY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2023
15 PENSION COSTS
The Arbory Trust is part of the Ely Diocesan Board of Finance (DBSJ pension scheme.
Ely DBF (DBS) participates in the Defined Benefils Scheme section of CWPF for lay staff. The Stheme is
administered by the Church of England Pensions Board, which holds th8 assets of the scheme separately from
those of ELY DBF (the employer) and thè other participating employers.
CWPF has two sections:
1. the Defin6d Benèfits Scheme
2. the Pension Builder Scheme, which has two subsections.
a. a deferred annuity section known as Pension Builder Classic, and.
a cash balance section known as Pension Builder 2014.
The Defined Benefits Scheme I'DBS.) section of the Church Workers Penslon Fund provides beneffts for lay
staff based on final pensionable salaries.
For funding purposes, DBS is divided into sub-pools in respect of each participating employer as well as a further
sub-pool, known as the Life Risk Pool. The Life Risk Pool exists to shar6 Certain risks between employers,
including those relating to mortality and post-retir6m8nt invastm8nt returns.
The division of the DBS into sub-pools is notional and 18 for the purpose of calculaling ongoing contributions.
They do not aller the fa¢t that the a8sets of the DBS are held as a single trust fund out of which all the benefit8
are lo be provided. From time to lime, a notional premium is transferred from employers, sub-pools to the Life
Risk Pool and all pensions and death benefits are paid from the Life Risk Pool.
The scheme is a multi-employer 8cheme as described in Section 28 of FRS102. It is not possible to
altrtbule DBS assets and liabilities to specific ernployers, since each employer, through the Life Risk Section,
8 exposed to aduarial risks associated with the current and fomier employ&es of other entities participating
in DBS, This means that contributions are accounted for as ff DBS wer6 a deflned conlrlbutlon scheme.
The pensions costs charged to The Arbory Trust SOFA during the year are contributions payable towards b8n8fits
and expenses accrued in that year12023.' £851, 2022: £740) plus the figLif8s in relation to The Arbory Trust's
share of the DBS deficit highlighted In the lable below 8s being recognised in the SOFA, giving a total charge of
£851 for 2023 (2022: £740}.
If, following an actuarial valuation of the Life Risk Pool, there is a surplus or d8ficit in the pool, further transfers may
be made from the Life Risk Pool lo the employers, sub-pools, or vice v6rsa. Th8 amounts to be transferred
(and their allocation between th6 sub-pools) will be settled by the Church of England Pensions Board on the
advice of the Actuary.
A valuation of DBS is carried out once every three years. The most recenlly finalised was carried out as at 31
December 2019. In this valuation, the Life Risk Section was shown to be in deficit by £7.7m and £7.7m was
notionally transferred from the employers. sub-pools to the Life Risk Section. This increased the Employer
contributions that would otherwise have been payable. The overall deficit in DBS was £11.3m.
The next actuarial valuation is due at 31 December 2022. The calculations for Ihis are under way.
Following the valuation, Ely DBF has enlered into an agreement with the Church Workers Pension Fund
to pay a contribution rat6 of 23.60h of pensionable salary and expenses of £6,500 per year. In addition deficit
payments of £5,692 per year have bean agreed for 7 years from 1 April 2021 in respect of the shortfall in the
Employer sub-pool. This obligation has been recognised as a liability within Ely DBF'S financial statements.
12

THE ARBORY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15 PENSION COSTS (continued)
Section 28.11A of FRS 102 requires agreed deficit recovery payments lo be recognised as a liabilty. The
movement in the provision for Arbory Trust is set out below..
2023
2022
Balance sheet liability at 1 January
Deficit contribution paid
Interest cost {recognised in SOFA)
Remaining change to the balance sheet liability'(recognised in SOFA)
Balance sheet liability at 31 December
' Compri898 change in agre&S d&ficil r@￿Vory plan and ¢h8ng• in dlxount rate b¢h¥e¢n year4nd$.
This liability r8pr8$ents the present value of the deficit contribution8 agreed as at the accounting d8te and has
been valued using the following assumptions, set by reference to the duration of the deficit recovery payments:
Dec-23
NIA
D6c-22
O.OO/o
Oec-21
Discount rate
The legal structure of the sch8m8 is such thal rf another employer fails, the employer could become rèsponsible
for paying a share of that employer's pension liabilities.
13