Company Number.. 03788484 Charity Number.. 107S635 THE ARBORY TRUST IA company Ilmltad by guaranlee and not havlng share capllal) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE ARBORY TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Contents Page8 Trustees, report Independent examiners, report Statement of financial activities Balance Sheel Notes to the financial statements 7-12 Prln¢lpal addro88: The Lodge The Barton Woodland Burial Ground Comberton Road Barton Cambridge CB23 78A Company Number: 03788484 Charlty Number: 1079635 Bankers: Barclays Bank PIC Cambridge CB2 3XN Sollcllor8: Lee Bolton Monier- Williams 1 The Sanctuary Westminster London Indop•ndent Examlner Naomi Hedger BFP FCA CTA 7 Quy Court Colliers Lane Stow-cum-auy CB25 9AU
THE ARBORY TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report with the financial statements of the Trust for the year ended 31 December 2024. 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 re9ard 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 Gleba for Burials and have filled Glade 1 (Hornbeaml, Glade 2 (Aspen), Glade 4 (Birch), Crab Apple {Glad8 51 and Willow (Glade 3}, Spindle {Glade 81 and Oak {Glade 71 and Wayfarin9 (Glada 6}, Ash (Glade 91 and Maple (Glade 10} are now open. There were in total, 172 bufials and 103 interments of ashes in 20241192 Burials and 111 Ash internments in 20231. There was a consistent flow of Funerals throughout the year. Burial reseryations have not been allowed since 2019. Th6 Trust can relracl that decision at any time in the future. People are allowed a re5erv8tion when it is booked al time of the burial of their loved one. We seem to be taking more double depth reservations because of this, Ash burials are increasing in number. The Trust anticipates that the number of reservations and interments in 2024 will continue lo match if not exceed that of pr8vious years. It is the dedication and cohesion of the whole team, whether employees or volunteers both al Barton and Ely, that contributes hugely lo the Trust's success. The Trustees report that Glebe Rise (extension lo the site), has now had 300 trees planted, all fenced off and growing well. Trustees There have been no new Trustees appointed. Paul Evans has stepped down as Trustee. The Arbory Trust are grateful for his support over the years. REVIEW OF THE YEAR The net surplus for the year amounted to £104,168 (2023- £139,881). Rl8k analysls The Iruslees confirm that major risks to which the Trust Is exposed are reviewed regularly. The trustees delegate to a Working Group of Iruslees the task of ensuring that risks are reviewed and managed. Reserva$ pollcy The Trust aims lo hold free reseNes sufficient lo cover 12 months of charitable expenditure. currently estimated at £ 95,000. At 31 December 2024 the Trust's free reseNes were £1,035,010. 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 site maintenance in-perpeluity.
THE ARBORY TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEM8ER 2024 Plans for the future The Trust have obtained Planning Permission for the extension of the Service Room extension. This is to make sure our families can be seated comfortably rather Ihan stand outside when large funerals are taking place. Plans are now commencing for fund raising and contruction. The planting of trees in Glebe Rise has been completed wilh the p18nling of 3,000 trees. All tracks and fencing complete. Regarding Covid 19, we will still plan lo have safety measures in place including social distancing signs and saniliser in place around the venue. Signs will be present to remind people lo be careful. We will keep the Lodge well ventilated when families are havin9 8 sorvice. STRUCTURE GOVERNANCE & MANAGEMENT The charity was Incorporated as a company limiled by guarantee on 11 June 1999 and registered 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 directlon 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 Tru8tee8 The Chairman of the Trust must be a Bishop of the Church of England. Other trustees are appointed lo provide expertise in th8 following areas: land and woodland management., finance., ecological matters,. and burial practice of the Christian Church. All of these areas are covered by the current Iruslees. Upon appointment new Iruslees 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 Iruslees meeting before accepting the trusteeship, Trustee¥, respon31bllltle8 The trustees are responsible for preparing financial statements for each financial year which give a true and fair view of the slate 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 £re 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, subject to any material departur¢¥ 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 bu$ine8S. The Iwslees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the trust and to enable them to ensure that the financial slalemenls comply with the Charities Act and the Companies Act 2006. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE ARBORY TRU8T TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Charlty Tru•l• The Tru8tee$ who oervthj during tho year W•f• The Venwal)le Dr Alex Hughe8 Mf RKhgrd Pemborton IAcling Chairman Iforn 1 Juty 2023) The Rovd Peier C Jon Mr Hrjward John Del8f Dr G•fh John Thoma• Mr• Judy Pearjon Mi John Boock BEIA Mf• D•ryn Co• Mf Paul Evani (resigned 9 Augu8120241 Far Franos Wiliarn Mil•• Buikiit S•cfolary Mr• S Mil Slgned by Richard P•mb•rton Dato q14
THE ARBORY TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 I report lo the charity trustees on my examination of the accounts of the company for the year ended 31 December 2024 which are set out on pages 5 to 12. 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 20061'the 2006 Acl'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 company, 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 14515}Ib) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect,, lal accounling records were not kept in respect of the company as required by section 386 of the 2006 Act., or (bl the accounts do not accord with those records., or (cl Ihe 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 vievl, which is not a matter considered as part of an independent examination., or Id) the accounts have nol 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 a¢¢ounl in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211, I have no concerns and have come acrogs no other matters in connection with the exeminallon to whlch attention should be drawn in this r8port in order to enable a proper underslandlng of the accounts to be reached Naomi Hedger 8FP FCA CTA (Independenl Examiner) Dale.. Iql oq laoa5 Chaler Allan LLP Chartered Accountants 7 Quy Court Colliers Lane Slow-cum-Quy CB25 9AU
THE ARBORY TRUST STATEMENT OF FINANCIAL ACTIVITIES Ilncorparating Incorne and Expendlture Account) FOR THE YEAR ENDED 310ECEMBER 2024 Unrestrlcted Funds General Total Fund 2024 Total 2023 Nota Income From: Donations and legacies Charitable activities Investments 3,384 3,384 277,389 277,389 8,517 8,517 1,620 271,995 8,156 Total 289.290 289,290 281,771 Expendlture On: Charitable activities 192,048 192,048 167,640 Total 192,048 192,048 167,640 Net gainl(lossl on investments 8,928 6,926 25,750 Net Income (Expendlturel 104,168 104,168 139.881 Roconclllatlon Of Fund8: Total funds brought forward 1,757,159 1,757,159 1,617,278 Total funds carrled fopNard 1,861,327 1,861,327 1,757,159 Conllnulng opgratlon8 None of the Trust's eclivities Wre acquired or discontinued during the above two financial periods.
THE ARBORY TRU8T 8ALANCE 8HEET AS AT 31 DECEMBER 2024 C¢vnp•ny Plumb•r. OJ781484 2024 2023 FIXED A38ET8 Tangible •JMII Inv•sIMli 828.318 319,148 748,557 303.705 CURRENT A88ET8 Stock Oabloil Coih al b•n 1.83 57,118 6134 712 84.576 827.118 712.7gJ) cReTORs Amounti l•ikng du• hln w y•af NET CURRENT A98eTS TOTAL ASSET8 LE88 CURRENT LIABILMES 1.881.327 1.757.159 NET ASSET8 FUND8 Unio8lrKXfjd lund8' GonerAI lund Olhw ro10Th00 R•vthJalkm i•MTh 1.785.417 1.688.174 13 1,881,327 Th• ch•ni4bl• company l• •nlill•d10 •x•mF4ts1 frwi •wX uTrJw 477 01 lh• clpIn4 A¢1 f th y•4f •nd•d 31 Dec•mb•f 2ff24 Tho mrrthra hivo noi roq Iho CnY lo obthln w audrt ol Its IknBnclBI Jl•tomoftli ftm the yeai w)dod 31 Décom1 2024 in a¢eofdanc• SOCI 476 ol lh• Crmpanios Aa 2 Tho In181••• a¢nodQe Ihelr f•sP(S I. (a) •nsurfng Ihal th• ch•rttatl• c%xnpany kéy aC¢(Jjn r•¢yxdi whKtt CMIKy S•ctlMI 388 8nd 387 ol lh• Compinw Acl 20 •rKI, (bl pr•panng •l•t•m•nls 9fv• • Iw ol lh• •tst• ol 4ll•irs ol lh• ¢hll•N• company ai il tho of Ilndd41 year and of rt woftl loss kn oKh lInarK4 yw n •rLwd•nc• wllh the réqulfoff•nl• ol S•thM$ 394 ond 395 and lch olh•iwlM compty ilh t r4wuiirnnli ol th• Comp•nl•i Acl 2LTrX rdallng lo IInar1 *W•rnl$, •0 la( 4• appkatl• lo lh• thgnlat4e company bvhalf by Rlch8rd P•mb•rton TN•l•• Tiu•¢••
THE ARBORY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. ACCOUNTING POLICIES (a) Basls of accountlng The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. The financial slalemenls have been prepared in accordance with the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and The Charity con8tilules a public benefit entity as defined by FRS 102 Ib) Incomo Income is recognised when the charity ha$ enlillement to the funds, any performance ¢ondilion$ attached lo tha item of Income have been mel, it is probable that the income will be received and the 8mounl can be measured reliably. Reservation fees are recognised upon receipt and not treated as restricted due lo future costs being negliglble Ic) Expondlture Expenditure is recognlsed once there13 legal or con$lru¢tlve obllgallon to meke a payment lo thlrd party. it Is probable that settlement will be required and the amount of the obllgallon can ba measured reliably. Id) Tanglbla flxad a888t8 Land is not depreciated. The Memofial Lodge and il's furnishings are depreciated to write off the cost over the eslimaled useful life of betsveen 10 and 25 years. Computers are depreciated over an estimated useful life of 3 years. (01 Taxatlon The company is a regislared charity and as such is not liable to laxalion. {fj Income and oxpandltura The inclusion of an Income and Expenditure accounllg not deemed necessary as the relevant information Is included in the Slalement of Financial Aclivilies. Ig) Investmonts Investments Ilsled al the stock exchange are slated al markel value at the balance sheet dale. The SOFA includes the net gains and losses arising on revaluations and disposal throughout the year. (h) P•nslon ¢ontrlbutlon$ The company operates a defined benefit pension seherne for one member ol staff. It 1$ a mulli-employer scheme and it is not possible to atlribule s¢heme assets and liabilities to specific employers. Contributions are accounted for as if il was a defined contrlbulion scheme, 111 Golng Concern The trustees have considered the financi81 position of the charitable company and believe il 15 well placed lo manage its business risk successfully. The trustees have a reasonabla expectation that the charitable company will have adequate resources to meet ils financial obligations for the next 12 10 18 months and, on that basis, they continue to adopt the going concem basis in preparing the annual reports and the financial slalemenls.
THE ARBORY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2 INCOME FROM CHARITABLE ACTIVITIES AshlPartner Reservatlons Burlal fees Room hlre and ¢th•r in¢omo Total 2024 Total 2023 Grants Woodland burial ground 37,820 205,490 11,129 22,950 277,389 271,995 3a EXPENOITURE ON CHARITABLE ACTIVITIES SUMMARY Olrect Cost8 Support Coats Total 2024 Total 2023 Woodland burial ground 179,820 12.228 192,048 167,640 3b EXPENOITURE ON DIRECT COSTS Gonoral Fund Total 2024 Totsl 2023 Staff costs Travel and guardlan expenses Telephone Payroll proces9ing cos15 Printing and stationery Computer expenge3 Grave digging Lodge expenses Grounds maintenance Professional fees Depreciation Car park rent Promotion 88,329 1,732 1,611 2,249 1.387 1,405 7,005 8,473 67,984 6,866 11,779 1,000 68,329 1,732 1,611 2,249 1.387 1,405 7,005 8,473 87,984 6,866 11,779 1,000 65,454 1.847 1.328 2,059 1.601 1,255 6,103 8,385 51,879 4,875 11,797 1,000 1.250 156.833 179,820 179,820 3¢ EXPENDITURE ON SUPPORT COSTS Ganeral Fund Total 2024 Total 2023 Insurance Utilities Diocesan office costs Governanre (Note 4) Bank charges 1,758 5,152 1,500 3,540 278 12,228 1,758 5,152 1,500 3,540 278 12,228 1,532 3,760 1,500 3,720 295 10.807
THE ARBORY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 4 EXPENDITURE ON GOVERNANCE General Fund Totsl 2024 Total 2023 Accountancy fees - current year 3,540 3,540 3.540 3.540 3,720 3,720 No Trustees received any expenses during the year12023'. £Nill. S STAFF C08T8 2024 2023 Wages and salarles Pension cost Pension deficll reductlon cost 67,308 1,023 84,603 851 88,329 65,454 Key management personnel The lolal employment benefits includlng penslon conlrlbutlons of key management personnel was £31,588 12023.. £32,441) No employee earned £60,000 or more durin9 the year. The average number of employees durlng the year was 41202341 No Iruylee received remuneration during the year (2023.. £Nil) 8 TANGIBLE FIXED ASSETS M8morlal Lodge Land Equlpmont Total Cost Al 1 January 2024 Additions 642,435 87,562 144,862 31,112 3.976 818,409 91,538 At 31 December 2024 729,997 144,882 35,088 909,947 Deproclatlon At l Jonvary 2024 Chafge for year 54,807 9,195 17,045 2,583 71,851 11,778 At 31 Oecember 2024 64,002 19,628 83.629 Net book valuo Al 31 December 2024 729,997 80.860 15,460 826.318 Al 31 December 2023 642,435 90,055 14,087 746,558 The Trust's fixed assets are all used lor charitablè purposes.
THE ARBORY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 7 INVESTMENTS 2024 2023 Listed inveslmenls.. Central Board of Finance Income Shares 319,148 303,705 319,148 303,705 Movements In the yaar: Income shares Balance al 1 January 2024 Additions Reinvested income Disposals Revaluatlon . unrealised realised 303,705 8.517 6.926 Balance al 31 December 2023 319,148 8 STOCK 2024 2023 Grave microchips 9 DEBTORS AND PREPAYMENT8 2024 2023 Prepayments Accrued income Due from Ely Dlocesan Board of Flnance 49,016 3,869 4,231 333 3,869 80,374 57,116 84,576 10 CREDITORS: Amounts falllng due wlthln one yoar 2024 2023 Creditor$ & accruals 7,605 5,893 7,605 5.893 10
THE ARBORY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11 FUNDS Genoral Fund Total Balan¢e at 1 January 2024 Surplus/(Deficil) for the period 1,757.159 104,168 1.757,159 104,168 Balance at 31 December 2024 1,861,327 1,861,327 12 ANALYSIS OF NET ASSET8 BETWEEN FUNDS General Fund Total Fixed assets Nel asselsl{liabllitie8} 826,318 1,035,010 826,318 1,035,010 Total nel asse13 1.861,327 1,861,327 13 REVALUATION RESERVE 2024 2023 Balance 811 January 2024 Revaluation in the year 68,985 6,928 43,235 25,750 Balance al 31 Oecember 2024 75,911 68,985 14 CONTROLLING PARTY The ¢herity 1$ controlled by the Board of Trustees.
THE ARBORY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 15 PENSION COSTS The Arbory Trust is part of the Ely Oiocesan Board of Finance IDBS) pension scheme. Ely DBF (DBSI participates in the Defined Bernefits Scheme se¢lion of CWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the scheme separately from those of ELY DBF {Ihe employer} and the other participating employers. CWPF has sections.. 1. the Defined 8enefits Scheme 2. the Pension Builder Scheme. which has subsections,. a, a deferred annuity section known as Pension Bullder Cla$3lc, and, b. a cash balance section known as Pension Builder 2014. Penslon Bulldor Schemo Both seellons of the Pension Builder Scheme are classed as deflned benafit schemes. Penslon aullder Classlc provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms sel and reviewed by the Church of England Pansions Board from lime to lime. Discretionary increases may also be added, depending on investment returns and other factors. P•nslon Bullder 2014 is a cash balance scheme that provides a lump sum which members use lo provid• benefits at retirement. Penslon conlributlong are recorded in an account for each member. Dlscrelionary bonu58s may be added before reliremenl, depending on investment returns and other factors. The account, plus any bonuses declared Is payable. unreduced, from age 65. There Is no 8ub-dlvlsSon of a$sel$ between employers In each sectlon of the Penslon Bullder Scheme. The scheme Is considered to be a mulll-employer scheme as descrfbed In Secllon 28 of FRS 102. Thls Is because it19 not posslble to altrlbute the Penslon Builder Scheme's assets and liabllilies lo speclfic employers and means that conlribulSons are accounted for as if the Scheme were a defined Gonlribullon scheme. The pensions costs charged lo the SOFA in the year are the Gonlribulions payable12024.' £1,023, 2023.. £851 }. A valuation of the Pension Builder Scheme i¥ carried out onc8 every three years. The most racenl valuallon was carrled out as at 31 December 2022. For the Penslon Bullder Classic section, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recenl annual review effective l January 2025, the Board chose lo grant discretionary bonus of 6.7Vo to both penslons not yel in payment and pensions in payment in respect of servlce prior lo April 1997., and a bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 2.7(J/o {where usually it would be calculated based on inflation up to 2.5QAI. This followed improvements in the funding position over 2024. There is no requirement for deficit payments at the current lime. The next valuation is due as a131 Oecember 202S, For the Pension Builder 2014 section. the valuation revealed a 3urplus of £8.5m on the ongoing assumptions used. Theré is no requirement for deft¢it payments at the current time. The legal structure of the scheme is such that if another employer fails, The Arbory Trust could become responsible for paying a share of the failed employerfs pension liabilities. 12