Professional Gardeners, Trust Flnanclal statements for the year ended 31 December 2023 Company Reglstratlon Number 04544242 Charlty Number 1101169 *A043OMJ' 2810512024 COMPANIES HOUSE
135
Professional Gardeners, Trust Flnancial statements Year ended 31 December 2023 Contents Pages Reference and administralive delails Chai¢s statement Trustees, annual report 3and4 Responsibilities of the Trustees Independent examiner's report to the Trustees Statement of financial activities (incorporating the income and expenditure account) Balance sheet Notes to the financial statements 9t013
Professional Gardeners, Trust Reference and administrative details Registered charity name Professional Gardeners, Trust Charlty number 1101169 Company regl8tratlon number 04544242 Blad( Stwp Bam The Stree( Boxgrove, chIdter. West Sussex. P018 ODX Trustees Sarah Wain (Chair) Simon Bagnall Michael Brown Stephen Crisp Sheila Das George Hudson Stephen Mccallum Mercy Morris Catherine Nicoll Helen Seal Gemma Sturges (Reslgned 14 December 2023) (Resign 14 December 2023) (Appointed 15 January 2024) (Appointed 18 March 2023) (Appointed 14 December 2023) Offlcer3 Adrian Thome Natasha Goodfellow Thys Terblanche Penny Peerless Awards Manager Hon. Secretary Hon. Treasurer Web Manager Independent examlner Richard Dyson Chartered Accountant Glendower Hawley Lane Hale Barns Altrincham WA15 ODW COIF fund manager CCLA Investment Management Limited Cheapside, London. EC2V 6DZ Bankers CAF Bank, 15 Kings Hill Avenue Kings Hill West Malling ME19 4JQ ME19 4JQ Charty Bank Fosse House 182 High Streer Tonbridge TN9 18E
Professional Gardeners, Trust Chair's statement Year ended 31 December 2023 2023 continued to be a year of financial consolidation for the Professional Gardeners Trust as some donors restricted their donated amount due to the ongoing volatile financial situation. Rising costs for professional gardeners have made it increasingly difficult for them to contemplate continuing their professional development, which is where the PGT plays its part by providing valuable financial assistance to those in need. Each year the generous donations from all our donors, including but not limited to the Natlonal Garden Scheme. Finnis Scott Foundation, RHS Bursaries and Scotland's Garden Scheme. underpin the work of the trust, allowing it to continue to support professional training for gardeners. There have also been individual supporters who have donated money, for whid) the trust is extremely grateful. From an agreed annual budget of £60,000, over £52.000 was distributed to successful applicants towards the costs of their professional training. The average cost of awards has risen sharply recently in line with the current financial crisis. Since the Trust stsrted in 2004 it has distributed over £400,000 to successful applicants and, with an increased interest in gardening as a career. the demand for training and education will Increase correspondingly. As the cost of education rises so too does the requirement for further donations which are always welcome. In 2024 there have been additions to the board of trustees bringing the personnel number to len. After four years, the Secretary Natasha Goodfellow and l. as Chair, will be stepping down at the next AGM so that a new team with new ideas can take the trust forward into the future. I believe the Trust delivers real benefits to those who wish to further their horticultural career through relevant education and training and my thanks go to all our trustees and to officers of the Professional Gardeners Trust for their diligence and enthusiasm to make Ihis happen and for their support for the trust throughout the year. zo.+ Z* Sarah Wain Chair 20 April 2024
Professlonal Gardeners, Trust Trustees. annual report Year ended 31 December 2023 The Trustees, who are also directors for the purposes of company law. have pleasure in presenting their report and the financial statements of the Trust for the year ended 31 December 2023. Trustees The Trustees during the year and up to the date of this report are ligted on page 1. Objectlves and actlvftlws The Trust was established for the relief of povety particularly (but not limited to) by provision of scholarships, grants or other monetary awards to persons engaged in horticulture, in order that they may develop their skills and who are in need of such assislance by reason of thelr or their famity's economic or other circumstances. In setting our objectives and planning our activltles, the Trustees have complied wlth the duty to have due regard to give careful consideration to the Charty Commission's general guidance on public benefit. By encouraging specialist training and the gaining of garden skills, the Trust is encouraging a better trained and skilled garden workforce to maintain and develop the nation's gardens for the better enjoymenl and appreciation by the vlsitlng public and to help increase skllls required at 8otanlc Gardens, colleges, private and public gardens arKI parks, arKI in commercial establishment. It remains our intention that our work will expand to help a greater number of gardeners wanting to fvther their career development. Achlevements and perforniance Donations raised a total of £61,193 (2022: £43,112) and investment Sncome generated a further £3.416 (2022: £1,725). This allowed the Trustees to make net scholarships and grants of £48,882 (2022: £37,695). Structure, governance and management Professional Gardeners, Trust is a company limited by guarantee but not havlng a share capital and is registered as a charity under the Charities Act 1993. The Trust Is managed by its Councll of Trustees. Trustees are nominated by the other Trustees. All retire at the AGM and are eligible for re-election. The administration of awards and enquiries is carried out by the Awards Manager. The Trustees meet three times a year and delegate certain duties of the organisation between themselves and the Honorary Secretary and the Honorary Treasurer between meetings. All significant declslons regarding the Trust are taken or confirmed al a Trustees, meeting. All new Trustees receive a formal briefing from the Chaimian of their dulles and responsibilities and receive various booklets from the Charity Commission and Companies House. They are also encouraged to keep themselves abreast of current and proposed developments in charity regulation through access to the Charity Commission website and other relevant sources of information.
Professional Gardeners, Trust Trustees, report (contlnued) Flnanclal revlew The results for the year and their impact on the charity's funds are set out in detail in the statement of financial ath'vities on page 7. Totsl net income for the year was £8,349 {2022 net expenditure £8.026 and the year end net assets amounted to £135,702 (2022; £127,353). Risk management The Trustees have considered the risks to which the charity is exposed arKI are taking approprlate action. Reserves pollcy The Trustees review the reserves policy annually to reassess the risks and reflecl changes in the environment in which the charlty is operating. recognising that it is vulnerable to economic downturns. Based on an evaluation of the services the charity provides. the Trustees consider that the Charity should hold sufficient unrestricted income funds to meet the budgeted expendlture on both awards and running costs approved by the Trustees for the lollowing eighteen months. The unrestricted income fund has increased during the year to £133,637 (2022 £124.958) and the fund at 31 D8¢ember 2023 represented approximately 21 months (2022: 18 months) of budgeted expenditure approved by the Trustees for the following year. The level of the unrestricted income fund is kept under close review at our Trustees, meetings. Signed on behalf of the Trustees 2o/Ql21 Natasha Goodfellow Honorary Secretary 20 Aprll 2024
Professional Gardeners. Trust Responsibilities of the Trustees Year ended 31 December 2023 The Trustees (who are also the directors of Professional Gardeners, Trust for the purposes of company law) are responsible for preparing the Trustees, annual report, the Chairman's statement and the financial slatements in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and applicats.on of reSoUrs, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting polieies and then apply them consistently,. observe the rnethods and principles in the Statement of RecommerKled Practice: Accounting and Reporting by Charities; make Judgement8 and estlmates that are reasonable and prudent; state vth8th8r applicable UK Accounting Standards have been folltyHed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operation, The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees 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.
Professional Gardeners, Trust Independent examinerfs report to the Trustees of Professional Gardener's Trust I report on the financial statements of the Trust for the year ended 31 December 2023 which are set out on pages 7 to 12. Respectlve responslbllltles of the Trustees and the examiner As explained moT8 fully in the Truslees, Responsibilrty Statement set out on page 5, the Trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that these give a true a fair view. The Trustees consider that an audit is not requi1 for this year under section 144(2) of the Charrties Act 2011 (Ihe 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examinalion, it is rny responsibility to-. examine the financial statemenls under section 145 of Ihe 2011 Act; to follow the procedures laid down in the General Directions given by the Charity Commission (undef section 145(5){b) of the 2011 Act,. and to state whether particular matters have com8 to my attention. 8asls of Independent examlner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees conceming any such matters, The procedures undertaken do not provide all the evidence that would be required in an audit and no opinion is gNen as to whether the financial statements pres6nt a llrue and fair view. and the report is limited to those matters set out in the stalement below. Independent examiner's $tatsment In connection with my examination, no matter has come to my attention... (1) which gives me reasonable cause to believe that in any material respect Ihe requiremenls to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare financial statements which accord with the accounting records and comply wrth the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the siatement of Recommended Practice.. Accounting and Reporting by Charities. have not been met,. or to which. in my opinion, attenlion should be drawn in order to enable a proper understanding of the financial statements to be reached. (2) Richard Dyson 20Aprll 2024
Professional Gardeners, Trust Statement of financial actlvltles (incorporatlng the Income and expenditure account) Year ended 31 December 2023 Unrestrlcted funds Restrlctsd Totsl fund5 Totsl funds funds 2023 2022 Note Income from: Donations Investment income 50,993 41 10,200 61,193 41 43,112 Total Income 54,409 10,200 44,837 Expendlture on: Expenditure on charitable activlties 71 Totsl •xpondlture Unrealised (loss) gain on investment 3,948 (6,153) Net Incomo (expendlture) and net movement In funds for the year 8,998 (649) 8,349 (8,026> Reconclllatlon of funds Funds brought forward 124,958 2.395 127.353 135,379 Transfer between fvnds 19 Funds carrled loard The statement of financial activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. Th• nots• on po90• 9 to 13 form part of th880 flnanclal 8tatsm•nt•
Professional Gardeners, Trust Balance sheet 31 December 2023 2023 2022 Note Current assets Investment Cash at bank 46,899 109 757 42.951 Total current assets Creditors: amounts falllng du• wlthin one year 156,656 144,756 Net current assets 135 702 127 353 Not assets Funds Restricted income funds Unrestricted income funds 2,065 133 637 2,395 124 958 The Trustees are satisfied that the Company is entitled to exemption from Ihe provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the period by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act. The Trustees acknowledge their responsibilities for: (i) ensuring that the Company keeps adequate accounting records which comply with section 386 of the Act, and (li) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit or loss for the financial period in accordance with the requirements of section 393. and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company. These financial statements were approved by the Trustees on 20 April 2024 and are signed on their behalf by: Sarah Wain Chaimian Company registration number: 04544242 The notes on pages 9 10 13 fom) part of these flnanclal statements.
Professional Gardeners Trust Notes to the financial statements Year ended 31 December 2023 Accountlng pollcles General Inforniatlon The charity is a private company limited by guarant68, incorporated in England and èleS (company number 04544242 and chanty number 1101169) on 24 September 2002, and is a public benefft enkn.ty as defined by FRS 102, Its registered office is given on page 1. The . accounts are drawn up on the historical cost convention, as modified by the revaluation of the investmenL Basls of preparatlon The financial statements have been prepared in accordan with the Financial Reporting Standard applicable in the UK and Republic of Irpland (FRS 102), the Companies Act 2006 and the Statement of Recommended Prath"ce.' Accounting and Reporting by Charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) effective l January 2019. Golng concern The Trustees have, at the time of approving the financial statements, a reasonable expectation that the charty has adequate resources to continue in operational existence for the foreseeable future and consider that Ihere were no material uncertalnties over the Trust's financial viability. Accordingly, the Trustees conb'nue to adopt the going concorn basis of accounts.ng in preparats'on of the financial statements. Judgements and key sources of estlmatlon uncertalnty The Trustees consider that no judgements, apart from those involving estimates, have been made in th8 pr¢xess of applying the above accounting policies which have had a significant effect on amounts recognised in the financial statements. The Trustees consider that no key assumptions conceming the future and other key sources of estimation uncertainty at the reporting date have been made which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Fund accountlng Unrestricted funds are funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors. The aim and use of each restricted fund is set out in note 7 to the financial statements. Income Voluntary income, including donations and gifts, is recognised as receivable when the charty ha5 entitlement ID Ihe funds, any performaft condition5 attached to the ilem(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Investment income and interest on deposits is recognised when receivable. Expendlture All expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to whith 'rt relates. Charitsble activities include all costs incurred by the charity in the delNery of its ath'vities and services for its beneficiaries.
Professlonal Gardeners Trust Notes to the financial statements (continued) Year ended 31 December 2023 Accountlng pollcles (continued) Investments Investments are stated at the c105ing bid price at the balance sheet date. Realised gains are the differen between sales proceeds and the carying value of the investment. The carrying value ts the fair value at the beginning of the year or the purchase cosl where the investment was acquired during the year. Unrealised gains are the change in value of investments after taking Into account any movements In investment holdings such as purchases and disposals of investments. Realised and unrealised gains are accounted for within the Statement of Financial Activities. Donatlon8 Unrestricted funds Restricted funds Total funds Appeals Year ended 31 December 2022 Appeals Income from Investments Unrestricted nds Restricted funds Total funds Bank inlerest receivable 2,129 Dividends from Charities Official Investment fund 1287 2,129 Year ended 31 Dfflber 2022 Bank interest receivable Jnterest from Charities Official Investment fund 442 442 Expendlture on charltable actlvities Unrestricted funds Restricted funds Total funds Charitable awards made Administration and other costs 38,323 10,499 350 48,822 Year ended 31 December 2022 Charitable awards made Administration and other costs 26,242 11,453 37,695 10
Professional Gardeners Trust Notes to the financial statements (continued) Year ended 31 December 2023 The Trustees did not receive ary remuneration (2021- Nil) 6. Investments 2023 2022 At 1 January 2022 Investment additions Investment disposals Unrealised investment gain (loss) At 31 December 2023 42,951 49,104 Investments comprise: Units in Charities Official Inve8tsnent Fund The historic cost of the units in Charities Official Investment Fund 18 £27,100 (2022: £27,100) Cr8dltorn: amounts falllng du• wlthln one year 2023 2022 Other rJeditors and accruals 7. Restrlcted Income funds Balance Transfer Balance from at31 unreslricted December funds 2023 January 2023 Income Expenditure Royal Botanical and Horticulture Society of Manchester and the Northem Counties The Finnis Scott Foundation Lironi Training Fund Scotland's Gardens Scheme Cattanach Fund The Professional Gardeners, Guild Birbeck Garden History Group 185 185 181 279 85 {417) (266) 1,000 862 8,200 (7.881) 319 (336) 585 249 450 11
Professional Gardeners Trust Notes to the financial statements (continued) Year ended 31 December 2023 Balance Transfer Balance from at31 unrestricted December funds 2022 January 2022 Income Expenditure Royal Botanical and Horticulture Society of Manchester and the Northern Counties The Finnis Scott Foundation Llroni Training FurKI Birbeck Garden History Group 185 185 8,418 2,297 (8,237) (3,216) 181 279 1,198 750 The restri(ed inrne funds n funds that are to be used in accordanix with the specffic restrictions Impowl by donors. The aim and use of each restri(ed fund Is set out below. A donation from The Royal Botanical and Hollicuknral Society of Manchester and the Northem Counties is to be used exdusively to assist northem baseAd proiecls carriwj out by gardener5 w01ng in the north of England. A donation from The Finnis Scott FoundalK•n (pre 2023) is to be used to provide grants for garder5 who have recently made a career change into hor11cultu and are now committed professional gardeners and to support professional gardeners. experience the working environment of another garden for a Sh time. The objective is to develop existing skills or Irn new skills vthith will benefft both the gardener and their workplacels. Grants from the Lironi Training FurKI, which is fijnded by Perennial and ts administered on behalf of Perennial by the Professional Gardeners, Trust, are for working gardeners and trainees, and those who have re(rtY completed a recognised training or academic course in hort1cuftu and who are starting horticultural wo. The Birkbeck Garden History Group Award Ks available to professional gardeners wisthg to broaden their knowledge of garden history by attending lectures, conferences, courses and study days. Scotland's Gardens Scheme Cattanach Fund is avallable to horticulturist in Scotland, for personal and professional training and development. An annual donation from The Professiork31 Gardens. Guild (PGG). known as the Kenwyn Pear)n Award, named after the Trusfs first Honorary Secretary who did so much to estsblish 1he TTUSt. funds awards to gardaws who are members of the PGG. 12
Professional Gardeners Trust Notes to the financial statements (continuedl Year ended 31 December 2023 Unrestrfcted Income funds Unrealised gain (loss) on Expenditure investments Transfer Balance at from 31 unrestricted December funds 2023 Balance at 1 January 2023 Income General funds Unrealised gain (Ios8) on Expenditure investments Transfer Balance at from 31 unrestricted December funds 2022 Balance at 1 January 2022 Income General funds Analyslg of not assets between funds Unrestricted Restricted funds funds 2023 2023 Total funds 2023 Net assets At 31 December2022 Net assets 13