THE GArroN TRUST LIMITED
TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31AUGUST 2023
COMPANY REGISTERED NUMBER.. 4216691
REGISTERED CHARITY NUMBER: 1101467

THE GArroN TRUST LIMITED
CONTENTS
Pagelsl
Report of the Trustees
Independent Auditors, Report
10-14
Statement of Financial Activities
15
Balance Sheet
16
Notes to the Financtal Statemenis
17-26

THE GAThON TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31AUGUST 2023
The Trustees present their annual report which includes the requirement5 of a directors. report Ljnder
company law and the audited financial statement5 of The Gatton Trust Limited I'the Charity") for the
year ended 31" August 2023. The financial statements have been prepared in accordance with FRS
102 "The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland" and
the accounting policies Set out in Note 3 to the accounts, the Companies Act 2￿6, the Charities Act
2011, and 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 Republic of Ireland I'FRS 102,1.
In preparing these financial statements the Trustees Confirm that they have had regard to the Charity
Commission guidance on public benefit.
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
The purposes of Gatton Trust which are set out in the Memorandum and Articles of Association are
to:
restore, conserve, protect and improve the physical and natural environment of the parkland,
gardens and historic buildings of Gatton Park-
to develop and enhance the means of access to Gatton Park for as wide a section of the
community as possible,.
dvance education for the whole community and facilitate the study of subjects such as natural
history, history and environmental education,. and
advance the education of the pupils of the Royal Alexandra and Albert School.
The Trustees, current priorities to further the Charity's purposes for the public benefit are..
to continue the ongoing programme of conseNation and maintenance of the grounds and
gardens,.
through a programme of open days, events and special projects continue to expand vi51tors of
all age groups including those with disabilities and the community generallv;
to mainlain and build on the relationship between the Charity and other users of Gatton Park,.
to maintain a pool of volunteers to assist with all aspect5 of the CharitV'5 work;
to fundraise for all of the above.
ACHIEVEMENTS ANO PERFORMANCE
Overview
The restoration of the Pulhamite pond in the Rock Garden ha5 continued this year, with the
improvement of the surrounding paving and associated planting. The final part of the project will
continue into next year with the repair of the steps below the pond. The pond and associated
waterfall have transformed the garden.
Ash dieback has been increasing amongst the parkland trees and remedial work is beginning to have
an impact on the appearance of the woodlands and gardens of the site. The cost of this work has
been covered by the RAAS Foundation. This situation is likely to continue for some year5 to come. A
woodland management plan is being finalised to facilitate this work.

THE GArroN TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31AUGUST 20231contlnued}
Pro
ects durln
the
ear
Volunteer Coordlnator
Partial funding for this part-time staff member was provided by The National Lottery Community
Fund. This essential role has continued beyond the completion of the grant. The return of the role,
post-covid, ha5 helped us to increase our volunteer numbers and the hours contributed to our
charitable work.
Trees for the Future
During the autumn and winter, local schools were involved in this project to learn about woodlands
and to collect and plant seed5 to grow seedling5 from our own ancient trees. Each group also
planted di5ea5e-re515tant elm5 in the parkland and understorey saplings in the woodlands.
Funding for this project was provided by Toyota IGBI Charitable Trust, and Netherby Trust
Dementia Adventure
This project is run in partnership wilh MHS Communities Southeast. Each month we run a workshop
for people with dementia and their carers using Gatton Park as inspiration. The sessions involved
gardening and crafts and other seasonal activities such as picnics and juicing apples from the
orchard. Each month our visitors can enjoy a drive around the park in our golf buggy.
Funding for thi5 project was provided by the Brian and lune Amos Foundation and a further year of
the project has been secured with furbding from the Shanly Foundation.
Vlsltors and Education
During this period 17,85112022.. 16, 7921 visits were made to the park as part of our events,
activities and educalional work. The park is in the grounds of Royal Alexandra and Albert School and
is home to 145 resident staff and their families, and 422 boarding pupils11,095 school pupils in
totall. In school holidays the slte is let to other residential groups. In July 2022, Gatton Community
Theatre used the park for performances of Wind in the Willows, with 1054 members of the cast,
crew and audience in total. Parts of the park are accessible as part of the North Downs Way.
Open Days
The Park is normally open once a month between February and October, with additional days in
February for visitors to enjoy the snowdrops.
Total attendance was 2441 adults and 832 children12022.' 2318 adults, 568 children,).
Events
Our biggest event, Gatton Country Fair, had lower visitor numbers than last year with 2636 people
attending12022.' 3615 people our highest ever number). The reasons for thi5 may be the post-covid
boom last year and increased price this year. Overall the experience was better for visitors this year
and the income was not Significantly reduced.

THE GAThON TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31AUGUST 2023 (contlnuedl
Our other popular seasonal events, including Winter Welly Walk, Easter Egg Hunt and Halloween
trails and fairytale treasure hunt were all successful totaling 1585 adults and 1268 children
12022..973 adults, 757 children). This year, we ran one trail run in partnership with Run Reigate, with
a total of 487 people attending.12022'. 2 runs 849 runners) Thi5 included a canicross event for
runner with dogs, which was very popular.
Famlly Learnlng and Chlldren's Actlvltles
During term-time we run two regular activities for parents and pre-schoolers- Little Seeds Forest
School and the story-based Trails and Tales. During school holidays we run a variety of sessions for a
wider range of ages.
The number of participants increased this year from last year's numbers- 1798 children and 1546
adult$12022.. 1584 children, 1271 adults).
Groups of children from organi5ations such as Young Carer5 and other youth groups also v15ited for
activities in the park. totaling 331 visltors12022: 2491. Children's birthday parties were attended by
674 people12022: 4161
School Vlsits
School vi5it5 have still not quite returned to pre-covid numbers. Schools tended book later meaning
that our availability at peak times was limited by staffing levels and indoor space. This year 2690
school children visited the park12022: 2660, 2019: 3,2881-
Volunteers
Volunteering is essential for our ¢harFtable activity to contlnue at the level we achieve. Volunteers
help with every aspect of our work, from governarice by our trustees, gardening and parkland
conseNation, supporting our school visits and family activities, running event5, office work and
lundrai5ing. There are 101 volunteers who regularly support the work of the Trust12022.' 99
volunteers). In total they provided 7401 volunteer hours12022: 48201.
Corporate Volunteerin
Corporate volunteering was useful contribution to our work force in the year before Covid, but we
have not attracted as many groups since the pandemic. We welcomed 5 groups of volunteers
totalling 311 volunteer hours contributed12022: 7 groups, 311 hours 2019.. 17 group51-
Staffin
Staffing changes have been small this year. A new Volunteer Coordinator started in November and a
new part-time gardener joined in March, following resignations of the previous employees. The
Events and Marketing Offiter reduted his hours to 24 hours per week in january and the Chief
Executive's hours were increased to full-time in April.
Fundln
The National Lottery Community Fund support for the Volunteer Coordinator has allowed us to
maintain financial stability this year. This has also been achieved as a result of a 8enerous donation
from our local golf club towards our work and an education project during the winter months. We
continue to rely on our volunteer fundraiser for researchin8 and making applications.

THE GATTON TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023 (continued)
Park and Gardens
The Gardens
The Japanese Garden has continued to improve with additional planting of Acers, Hydrangeas and
japanese grasses as well as general maintenance to wider garden.
The focus in the Rock and Water Garden this year has been the Pulhamite Pond and waterfall. Work
by our in-house team of staff and volunteers has allowed completion of the repair to the slabbed
path around the ponds. The pond in the upper part of the rock garden was repaired by contractors,
following a split in the concrete liner caused by the high temperatures experienced in the previous
summer.
Thi5 year has seen the continuation of the initial phase of the restoration of The Old World Garden
which currently lies hidden amongst trees in the Pleasure Gardens. Restorative pruning of the yew
trees which once formed a hedge around the pond and rose garden has continued. Fundraising has
started for the removal of trees, repair of features and plantin8. The orchard has been maintained
throughout the year and had a good crop of apples. Our nursery and greenhouse facilities have been
used by our propagation volunteer team to improve plant stock and sales at our open days.
Parkland
Tree surveys were carried out as usual this winter and later in the year for ash dieback. Our strategy
to deal with ash dieback ha5 had to be reas5e55ed a5 the disease has more imp3£t on our woodlands.
A woodland management plan has beer) drawn up and ha5 now been agreed by the Forestry
Commission. This will allow larger Scale felling in woodland areas. Thi5 work will be spread over a
number of years for financial reason5. The costs of these essential Safety works will be met by the
Charitable Fotjndation Royal Alexandra and Albert School a5 landowner.
The maintenance of the parkland carried out this year included grassland management by grazing
with sheep and mowing with the aim of promoting biodiversity in the grasslands. Further clearing of
the Cedar walk area and more extensive mowing down to panhandle has been undertaken. Work to
maintain the viewpoints with scrub/ bramble clearance and to remove invasive species such as
horsetail continues. Key areas cleared included the western terrace and slope towards pleasure
gardens as well 35 around the panhandle i51and in Cedar Walk. We continued the reintroduction of
elm5 to the parkland with 8 new semimature 'New Horizon, trees. The team linked up with Surrey
Wildlife Trust to do a hedge laying workshop with volunteers and then create a length of traditional
hedge along the serpentine canal.

THE GAThON TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31AUGUST 2023 Icontlnued)
FINANCIAL REVIEW
Income and expenditure
The surplus for the year ended 31 August 2023 was £16,42912022.' £34,489). There was a surplus
within unrestricted funds of £35,35012022.. £23,650) reflecting continued financial stabilitv.
Restricted funds had a deficit of £18,92112022: £10,839 surplus) owing to the spending on the Trees
For The Future and Dementia Adventure projects for which funding was received last year, and the
recruitment of a Volunteer Coordinator for which funding was received last year.
Income for the year ended 31 August 2023 amounted to £148,73912022.' £141,418). Donations and
voluntary income received amounted to £13,05812022: £21,709). A list of all donations of £750 or
more 15 included in the Notes to the Financial Statements.
Open day and related income amounted to £76,25012022.. £69.1071. A full activity programme wa5
run this year, promoted ar)d managed by the Event5 and Marketing officer. Details of the activitie5
are included in this report.
Staffing expenditure represents the salary and related costs of the Chief Executive and her education
team which have not been recharged to specific projects.
Net current assets
These comprise principally cash at bank.
Reser¥es
At 31 August 2023, reserves amounted to £178,29512022'. £161,866) of which £161,06812022:
£125,718) comprise unrestricted reserves. As at 31 August 2023, unrestricted reserves included
£91,41512022.' £55,CQOI designated to future projects, details of which are given in Note 15.
Of the £17,227 restricted reserves at 31 August 202312022.. £36,148), £14,613 comprised general
education reserves which were transferred at the time of the merger of Gatton Trust with Gatton
Park Education Trust Limited in 2C(J9.
Going Concern
Having made appropriate enquirles, the Trustees are satisfied that the Charity has adequate
resources to continLse for the foreseeable future. For this reason, the Trustees have continued to
adopt the going concern basis of accounting.

THE GArroN TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023 (continued)
RISK MANAGEMENT
As part of their normal procedures, the Trustees assess the major risks to which the Charity is exposed,
in particular those related to the operations and finances of the Charity. The assessment comprises..
a review of all the risks that the Charity may face in it5 normal operations forthe financial yeaf
ahead,.
an assessment of the likelihood of those risks occurring, together with an assessment of their
impact,.
the establishment of procedures, actions and systems to mitigate the risks identified and to
minimise any potential impact on the Charity.
The principal risks and uncertainties that the Charity faces are 5ummarised as:
insufficient funds raised from fundraising activities
withdrawal of support from the parent undertaking.. Royal Alexandra and Albert School
The Trustees manage the risks by ensuring that there is regular monitoring of financial performance
and forecast fundraising activities. Special projects are not undertaken unless fully funded. ReBular
meetings are held with the Trustees and the parent undertaking is kept informed of the Charitvs
current and planned operations.
RESERVES POLICY
The Trustees seek to ensure there are sufficient funds to cover six months ongoing operational
expenses. This equates to £62,625 which represents the sum total of all payroll costs along with all
other unrestricted and designated spend in the year. Unrestricted and Designated reserves at 31
August 2023 was £161,068 which implies there was a reserves surplus of £98,443. This policy is
reviewed annuallv.

THE GAThON TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31AUGUST 2023 (continued)
STRucfuRE, GOVERNANCE AND MANAGEMENT
The Gatton Trust Limited I"Gatton Trust" or.the Charity"), Iregistered company number 42166911,
charitable company limlted by guarantee, was incorporated on 15 May 2001. The company became
a registered charity on 12 january 2004 (registration number 11014671. The governing documents
are the Memorandum and Articles of AsSOClation. The sole member of the company is the charitable
corporation Royal Alexandra and Albert School I'the Foundation" or "RAAS").
Olrectors
The Board of Directors comprise the Charity Trustees who are responsible for the general control and
management of the Charity. New Trustees, who are selected for their relevant expertise and
experience are nominated by the member Royal Alexandra and Albert School. Upon appointment,
Trustees are provided with detailed information regarding the Charity and are invited to attend
detailed briefing sessions with the Chairman. All Trustees give of their time freely and no Trustee
remur)eration was paid in the year. Trustees are required to disclose all relevant interests and register
them with the Chairman and to withdraw from declsions where a conflict of Interest arises.
Royal Alexandra and Albert School, the parent charity, maintain5 liability insurance for the Trustee5
and officers of it5 subsidiary Undertakings including the Charity, which qualifies a5 a third party
indemnity provision for the purposes of the Companies Act 2C(J6. This insurance was in force during
the financial year and at the date of approval of the financial statements.
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees
Peter Dawson
David Frank
Margaret Kippen
Elizabeth Lowe
Alan Mortlock
Helen Neve
Gail Sperrin
Chief Executlve
Louise Miller
Prlncipal Office
Foundation Office
Gatton Park
Reigate
Surrey
RH2 OTW
Charity Number: 1101467
Audltors
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RHI IDL
8ankers
CAF Bank
25 Kings Hill Avenue
West Malling
Kent
ME19 4JQ
Solicitors
Farrer & Co LLP
66 Lincoln's Inn Fields
London
WC2A 3LH

THE GArroN TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31AUGUST Z023 Icontlnued)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also directors of The Gotton Trust Limited for the purposes of company Saw)
are responsible for preparing the Trustees, Annual Report and the financial statements in accordance
with applicable law and regulation.
Company law requires the Trustees to prepare financial statements for each financial year. Under that
law the Trustees have prepared the fin3ncial statements in accordance with United Kingdom
Accounting Standards, comprising FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland" and applicable law (United Kingdom Generally Accepted Accounting Practitel.
Under company law the Tru5tee5 must not approve the financial statements unles5 they are satisfied
that they give a true and fair view of the state of the affairs of the charitable company and of the
incoming resources and application of resources. including the income and expenditure, of the
h3ritable company for that period. In preparing these financial statements, the Trustees are required
select suitable accounting policies and then apply them con5i5tently,'
observe the methods and principles in the Statement of Recommended Practice: Accounting
and Reporting by Charities120151.'
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards, comprising FRS 102, have been followed,
subject to any materi31 departure5 disclosed and explained in the financial statement5,' and
prepare the financial statements on the going concern basis unles5 It is inappropriate to
presume that the charitable Company will continue in business.
The Trustees are responsible for keeping adequaie accounting records that are sufficient to show and
explain the charitable company's transactions and disclose with reasonable accuracy at any time the
financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They 3re also responsible for safeBuardinE the assets of the
charitable company ar)d hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charitable company's website.
Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.

THE GAThON TRUST LIMITED
REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023 (continued)
DISCLOSURE OF INFORMATION TO AUDITORS
In accordance with Section 418 of the Companies Act 2006, directors, reports Shall include a
statement, in the case of each director in office at the date the directors, report 15 approved, that..
lal so far as the director is aware. there is no relevant audit information of which the charitable
company's auditors are unaware; and
Ibl he has taken all the steps that he ought to have taken a5 a Trustee in order to make himself
aware of any relevant audit information and to establish that the charitable company's
auditors are aware of that information.
Under the Companies Act, 5414B, The Gatton Trust Limited is entitled to small companies exemption
in relation to the strate8ic report for the financial year ended 31 August 2023 a5 It is entitled to prepare
accounts for the year in accordance with the small companies regime.
INDEPENDENT AUDITORS
A resolution proposing that Moore Kingston Smith LLP be re-appointed as auditors will be put to the
forthcoming annual general meeting.
On behalf of the Board..
Davld Frank
Chairman
l December 2023
The Gatton Trust Limited
Company registered number.. 4216691

THE GAThON TRUST LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE GAThON TRUST LIMITED
OPINION
We have audited the financial statements of The Gatton Trust Limited for the year ended 31 August
2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial
statements, including significant accounting policies. The financia5 reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, includin8 FRS
102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland, Iunited Kin8dom
Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 Augusi 2023
and of it5 incoming resources and application of resources, including its income and
expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Prattite,. and
have been prepared in accordance with the requirements of the Companie5 Act 2(XJ6.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditorfs
Responsibilities for the audit of the financial statements section of our report. We are independent of
the charitable company in accordance with the ethical requirements that are relevant to our audit of
the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other
ethical responsibilities in accordance with these requirement5. We believe that the audit evidence we
have obtained is Sufficient and appropriate to provide a ba515 for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the Tru5tee5' Use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relatin8 to
events or conditions that, individually or collectively, may cast significant doubt on the charitable
company'5 ability to continue a5 a going concern for a period of at least twelve months from when the
financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to 80ing concern are
described in the relevant sections of this report.
OTHER INFORMATION
The other informètion comprises the information included in the annual report, other than the
financial Statements and our auditor's report thereon. The Trustees are responsible for the other
information contained within the annual report. Our opinion on the financial statements doe5 not
cover the other information and, except to the extent otherwise explicitly stated in our report, we do
not express any form of assurance conclusion thereon.
io

THE GAThON TRUST LIMITED
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF THE GAThON TRUST LIMITED
{continuedl
OTHER INFORMATION Icontinuedl
Our responsibility is to read the other information and, doir¢g so. consider whether the other
information is materially inconsistent with the financial statements or our knowled8e obtained in the
course of the audit or otherwise appears to be materially mi55tated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a
material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material misstatement of this other information, we are
required to report that fact.
We have nothing to report in this re8ard.
OPINIONS ON OTHER MArrERS PRESCRIBED BYTHE COMPANIESACT 21)06
sn our opinion, based on the work undertaken in the course of the audit:
the information given in the Trustees, Annual Report for the financial year for which the
financial statements are prepared is consistent with the financial statements,. and
the Trustees, Annual Report has been prepared in accordance with applicable legal
requirements.
MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of the knowledge and understanding of the charitable company and it5 environment
obtained in the course of the audit, we have not identified material misstatements in the Trustees,
Annual Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us; or
the financial statement5 ore not in agreement with the accountlng records and returns,. or
certain disclosures of Trustees, remuneration Specified by law are not made- or
we have not received all the information and explanations we require for our audit; or
the Trustees were not entitled to prepare the financial statements in accordance with the
small companies re8ime and take advantage of the small companies exemption in preparing
the Trustees, Annual Report and from preparing a strategic report.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Trustee5' responsibilities statement set out on page 8, the Trustees
(who are also directors of the charitable company for the purposes of company lawl are responsible
for the preparation of the financial Statements and for being satisfied that they give a true and fair
view, and for such internal control as the Trustees determine is necessary to enable the preparation
of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the 80ing concern basis of accounting unless the Trustees either intend to liquidate
the charitable company or to cease operations, or have no realistic alternative but to do 50.

THE GArroN TRUST LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE GAThON TRUST LIMITEO
(continued)
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OFTHE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report
that includes our opinion. Reasonable assurance is a hi8h level of assurance, but 15 not a guarantee
that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when
it exists. Misstatements can arise from fraud or error and are Considered material if, individually or in
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
As part of an audit in accordance with ISAS IUKI we exercise professional judgement and maintain
professional sceptlCi5m throughout the audit. We also..
Identify and assess the risks of material misstatement of the financial statements. whether
due to fraud or error, design and perform audit procedures responsive to those risks, and
obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The
risk of not detecting a material misstatement resulting from fraud is higher than for one
resulting from error, as fraud may involve collusion, forgery, intentional omi55ions,
misrepresentotions, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purposes of expressing
an opinion on the effectiveness of the charitable company's internal control.
Evaluate the appropriateness of accounting pollcies used and the reasonableness of
accounting estimates and related disc105ures made by the Trustees.
Conclude on the appropriateness of the Trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charitable company's ability to
continue as a going concern. If we conclude that a material uncertointy exists. we are required
to draw attention in our auditorfs report to the related disclosures in the financial statements
or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on
the audit evidence obtained up to the date of our auditor's report. However, future events or
conditions may cause the charitable company to cease to continue as a goin8 concern.
Evaluate the overall presentation, structure and content of the financial statements, Including
the disclosures, and whether the financial statements represent the underlying transaction5
and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
12

THE GAThON TRUST LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE GAThON TRUST LIMITED
(continued)
EXPLANATION AS TO WHAT EXTENT THE AUDIT WAS CONSIDEREO CAPABLE OF DETEcnNG
IRREGULARITIES, INCLUDING FRAUD
Irregularities, including fraud, are instance5 of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in
respect of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below.
The objectives of our audit in respect of fraud, are,. to identify and assess the risks of materSal
misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence
regarding the assessed risks of material misstatement due to fraud, through desi8ning and
implementing appropriate responses to those assessed risks. and to respond appropriately to
instances of fraud or suspected fraud identified during the audit. However, the primary responsibility
for the prevention and detection of fraud rests with both management and those charged with
governance of the charitable company.
Our approach was as follows..
We obtained an understanding of the legal and re8ulatory requirements applicable to the
charitable company and considered that the most Sl8nificant are the Companies Act 2006, the
Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the
Financial Reporting Council.
We obtained an understanding of how the charitable company tomplie5 With these
requirements by discussions with management and those Charged with governance.
We assessed the risk of material misstatement of the financial statements, including the risk
of material misstatement due to fraud and how it might occur, by holding discussions with
mana8ement and those charged with governance.
We inquired of management and those charged with governance as to any known instances
of non-compliance or Suspected non-compliance with laws and regulations.
Based on this understandin& we desi8ned specific appropriate audit procedures to identify
instances of non-compliance with laws and re8u5ations. This included makin8 enquiries of
management and those charged with governance and obtaining additional corroborative
evidence as required.
There are inherent limitations in the audit procedures described above. We are less likely to become
aware of instances of non-compliance with laws and regulations that are not closely related to events
and transactions reflected in the financial statements. Also. the risk of not detecting a material
misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud
may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or
through collusion.
13

THE GArroN TRUST LIMITED
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF THE GAThON TRUST LIMITED
(continued)
USE OF OUR REPORT
This report is made solely to the charitable company's members, as a body, in accordance with Chapter
3 of Part 16 of the Companies Act 2006. Our audlt Work has been undertaken so that we might state
to the charitable compar)y's members those matters we are required to state to them in an auditorfs
report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to any party other than the charitable company and charitable company's members as
a body, for our audlt work, for this report, or for the opinions we have formed.
James Saunders (Senior Statutory Auditor)
19 December 2023
for and on behalf of Moore Klngston Smith LLP
Statutory Auditor
Betchworth House
57- 65 Station Road
Redhill
Surrey
RHI IDL
14

THE GArroN TRUST LIMITED
STATEMETrif OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE
ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023
Note Unresirlcted
funds
Restrlcted
funds
2023
Total
2022
Total
INCOME FROM
Charitable aclivlties
Open days and related income
Environmental education
76,050
59,431
200
76,250
59,431
69,107
50,602
Donatlon5
Grants from 6overnment ènd other
public bodies
Voluntary income
6,258
6.800
13.058
21,709
TOTAL
141,739
7,000
148,739
141,418
EXPENDITURE ON
Charitable a¢tlvltles
Park and garden conservation
Open day and event costs
Non project staffin8 COStS
Environmental education projects
15,580
12,338
67,335
7,608
IS,16S
441
9,678
569
30,745
12,779
77.013
8,177
22,858
13.214
60,206
8,658
Ralsing fund5
Marketing
3,528
68
3,596
1,993
TOTAL
106,389
25,921
132,310
106,929
NET INCOMEIIEXPENDrruREI AND
NETMOVEMENT IN FUNDS
35,350
118.9211
16.429
34,489
Reconclllatlon of Funds
FUND BALANCES brought forward al
I September
125,718
36.148
161,866
127,377
FUND BALANCES ¢arrled forward at 31
Au8USt
The resulis shown above are attributable to continuing operaiionsonly.The Charity had no other¢omprèhensive
income or 105ses other than those dealt with in the Statement of Financial Activities. There are no material
differences between the rnei lexpenditurell income and the fund balances carried forward stated above and
their historical cost equivalents. The account5 have been prepared in line with FRS 102.
15

THE GAThON TRUST LIMITED
BALANCE SHEET AS AT 31 AUGUST 2023
Note
2023
2022
FIXED ASSETS
Tangible assets
io
535
2,607
CURRENT ASSETS
Debtors
Cash at bank and in hand
Total current a55ets
li
5,275
182,661
187,936
5,310
178,156
183,466
LIABILITIES
Creditors.. Amounts fallin8 due within one year
12
110.1761
124,2071
CURRENT ASSETS
159,259
NET ASSETS
178,295
161,866
THE FUNDS OF THE CHARITY:
Restricted income funds
Unrestricted income funds
13,14,16
13,14,15
17,227
161,068
36,148
125,718
TOTAL CHARITY FUNDS
178,295
161,866
The financial Statements on pages 15 to 26 were approved by the Board on l December 2023 and
were Signed on its behalf by..
David Frank
Chalrman
Company registration number: 4216691
16

THE GAThON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
I. GENERAL INFORMATION
The Gatton Trust Limited I'the Charity'l is a charitable company limited by guarantee,
incorporated in the United Kingdom (registered company number 42166911 and is a charity
domiciled in the United Kingdom (registered charity number 11014671. The Charity's registered
office and operational address is.. Royal Alexandra and Albert School, Gatton Park, Reigate, Surrey
RH2 OTW.
The Gatton Trust Limited is a public benefit entity.
2. ACCOUNTING CONVENTION
The financial statements have been prepared irb accordance with FRS 102 'Ihe Firbancial Reporting
Standard applicable in the UK and Republic of Ireland" Accounting and Reporting by Charities..
Statement of Recommended Practice Icharities SORP IFRS 10211, the Charities Act 2011 and the
Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency at the charitable
company. Monetary amounts in these financial statements are rounded to the nearest £.
The Charity is a qualifying entity for the purposes of FRS 102 as it is part of the publicly available
consolidated financial statements of the parent charity, Royal Alexandra and Albert School. The
Charity has taken advantage of the following exemptions=
lil Under FRS 102 paragraph 1.12 Ibl, from preparing a statement of cash flows
lill Certain disclosure requirements of section 11 in respect of financial instruments
liiil Disclosure of the Charity's key management personnel compensation
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention. The principal
accounting policies applied in the preparation of these financial statements, Consistently applied
to all the years presented, are set out below.
Going toncern
The results for the year show a surplus with the activity programme having fully returned to normal
following the pandemic. A full artivity programme is planned for the coming year, therefore there
is no indication that income will fall in the next year. Having made appropriate enquiries, the
Trustees are satisfied that the Charity has adequate resources to continue for the foreseeable
future being at least twelve months from the date of approval of the financial statements. For this
reason, the Trustees have continued to adopt the going concern basis when preparing the financial
statements.
17

THE GArroN TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
{continuedl
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Icontlnuedl
Incomlng resources
All incoming resources are included in the statement of financial activities when the Charity is
legally entitled to the income and the amount can be quantified with reasonable accuracy.
Legacies, donations and other voluntary income represent income from legators. donors (whether
individual or corporatel, and grants from charitable trusts. Grants from government and other
public bodies are accounted for where full approval has been received. Interest is accounted for
when receivable. Income from charitable activities is accounted for when receivable.
Charitable expendlture and management and admin15tratlon expendlture
Costs of generating funds comprise the costs of marketing the Charity to attract funds. Costs of
charitable activities comprise all expenditure directly relating to the objects of the Charity.
Expenditure is accounted for on an accruals basis a5 a liability arises.
Allocation of 5UPPOrt costs
Support costs are those functions that assist the work of the Charity but are not directly incurred
in the performance of charitable activities. Support costs include office costs apportioned on the
basis of expenditure for each unrestricted fund activity in relation to the total cost. The allocation
of support costs is analysed in Note 7.
Pension costs
The Charity pays contributions for those employees who elect to become members, into a
qualifyir)g pension scheme established with the National Employment Savings Trust. Contribution5
for one employee are pald into a personal pension scheme with Friends Provident.
Both Scheme's assets are invested separately from the Charity's assets and payments are char8ed
to the statement of financial activities as they are incurred.
Irrecoverable Value Added Tax
Any irrecoverable Value Added Tax is charged to the statement of financial activitles. or capitalised
as part of the cost of the related asset, as appropriate.
Tanglble flxed assets and depreclatlon
Tangible fixed assets, costing £2,(X)O or more, are stated at historic cost less accumulated
depreciation. Cost includes the original purchase price of the asset and the costs attributable to
bringing the asset to its working condition for its intended use. Depreciation is recognised so as to
write off the cost of the assets, less their residual values, over their expected useful lives on the
following ba5e5=
Motor Vehicles
Plant and machinery
50% strai8ht line
25% straight line
The useful economic lives and residual value of fixed assets are reviewed at the end of each
accounting period.
18

THE GAThON TRUST LIMITED
NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
Icontinuedl
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLiaES Icontlnued)
Unrestricted fund5
Unrestricted funds comprise accumulated surpluses on general funds. They are available for use
at the discretion of the Trustees in furtherance of the objects of the Charity.
Deslznated funds
Designated funds comprise unrestritted funds that have been set aside by the Trustees for
particular purposes. The aims and uses of the designated funds are set out in Note 15.
Restrlcted funds
These are funds for which the donor has specifically restricted the purpose for which the funds can
be used. The amounts in the funds represent the monies still remaining for future expenditure.
Transfers between funds
Transfers are made from and within unrestricted funds in line with charitable objectives.
Crltlcal accountlng Judgements and estlmatlon uncertalnty
Estimates and jud8ments are continually evaluated and are based on historical experience and
other factors, including expectations of future events that are believed to be reasonable under the
circumstances. The Charity makes estimates and a55umptions concerning the future. The resulting
accounting estimates will, by definition, seldom equal the related octual results. It is in the opinion
of the Trustees that there are no estimates and assumptions that have a significant risk of causing
a material adjustment of the carrying amounts of assets and liabilities within the next financial
vear.
4. STATUS
The charitable company is limited by guarantee and has no share capital. The liability of the
member in the event of a windin8 up is limited to £1.
5. DONATIONS AND VOLUNTARY INCOME
2023
£'ooo
2022
E'OOO
Grants and donations comprise..
Grants from government and other public bodie5
Donations and other voluntary income
13,058
13,058
21,708
21,708
19

THE GArroN TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
(contlnued)
S. DONATIONSAND VOLUNTARY INCOME Icontlnuedl
Donations and other voluntary income inclLtde the following amounts received of £750 and over:
2023
202Z
Reigate Hill Golf Club
Shanly Foundation
The Nineveh Charitable Trust
Jeremiah Colman Gift Trust
The National Lottery Community Fund
Hazel Usher Fund
The Bryan and June Amos Foundation
Takuhirio Yamada
4,050
3,300
3,CKJO
750
750
10,0
5.100
2.400
840
6. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES
The monthly average number of employees was 4.712022: 3.31. Calculated as full time equivalents
the employee number was 2.912022: 1.81. All employees are involved in the delivery of education
activities.
staff costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
73,055
4,864
3,362
81,281
51.020
3,373
2,258
56,651
None of the employees earned more than £60,00012022'. nonel. None of the Trustees received
any remuneration or expenses12022'. none).
Audit fees of £2,52512022: £2,3651 were borne by the parent charity who made no recharge.
20

THE GAThON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
{continuedl
7. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Dlrect
costs
Support
¢05ts
Current year
2023
Park and garden conservation
Open day and event costs
Non project staffinE Costs
Environmental education projects
Marketin8
28,204
11,722
70,647
7,501
3,299
121,373
2,541
1,057
6,366
676
297
10,937
30,745
12,779
77,013
8,177
3,596
132,310
Comparative year
Dlrect
cost5
Support
costs
2022
Park and garden conservation
Open day and event costs
Non project staffing c05t5
Environmental education projects
Marketin8
21,221
12,268
55,894
8,038
1,850
99,271
1,637
946
4,312
620
143
7,658
22,858
13,214
60,206
8,658
1,993
106,929
B. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
Unrestrlcted
funds
Restrlcted
funds
Current year
2023
Oirect costs
Support costs
97,945
8,444
106,389
23,428
2,493
25,921
121.373
10.937
132,310
Unrestri¢ted
fund5
Restricted
funds
Comparative year
2022
Direct cost5
Support cost5
93,077
5,051
98,128
6,194
2,607
8,801
99,271
7,658
106,929
9. TAXATION
The Gatton Trust Limited, as a registered charity, is exempt from taxation on capital gains and
income arising and expended on tts charitable artivities.
21

THE GAThON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
{contlnuedl
10. TANGIBLE FIXED ASSETS
Plant and
Ma¢hinery
Motor
vehicle5
Total
COST
At I September 2022
Additions
Disposals
At 31 August 2023
4,347
7,714
1,071
12,061
1,071
4,347
8,785
13,132
ACCUMULATED DEPRECIATION
At I September 2022
Charge for year
Disposals
At 31 August 2023
4,347
5,107
3,143
9,454
3,143
4,347
12,597
NET BOOK VALUE
At 31 Au8USt 2022
At 31 August 2023
2.607
535
2.607
535
11. DEBTORS
2023
2022
Trade debtors
Accrued income and prepayments
4,542
733
5,275
4,346
964
5,310
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade creditors
Amounts owed to group undertakings
Accruals and deferred income
636
7,752
1,788
10,176
815
19,585
3,807
24,207
Amounts owed to the charitable Cof poration. Royal Alexandra and Albert School, are unsecufed,
interest-free and payable upon demand.
22

THE GArroN TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
{contlnued)
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Current year
Unrestrirted
funds
Restricted
funds
Total funds
2023
Fixed assets
Current assets
Current liabilities
Net a55ets
535
170,709
110,1761
161,068
535
187,936
110,1761
178,295
17,227
17,227
Comparatlve year
Unrestrirted
funds
Restrirted
funds
Total funds
2022
Fixed assets
Current asset5
Current liabilities
Net a55etS
114
149,811
124,2071
125,718
2,493
33,655
2,607
183,466
124.2071
161,866
36,148
14. STATEMENT OF FUNOS
At I Sept
2022
Fund
Transfers
At31
Aug 2023
Current year
Income
Expendlture
Unrestricted funds-.
General funds
Designated funds
70,718
140,324
1106,3891
135,OCQI
69,653
55,000
1,415
35,OLKJ
91,415
Restricted funds
36,148
161,866
7,000
148,738
125,9211
1132,3101
17,227
178,295
At I Sept
2021
Fund
Transfers
At31
Aug 2022
Comparatlve year
Income
Expenditure
Unrestricted funds..
General funds
Designated funds
102,068
121,778
183,1281
115,0001
18,8011
1106,9291
170,0(xII
70,OCK)
70,718
55,0(Xl
Restricted funds
25,309
127,377
19,640
141,418
36,148
161,866
23

THE GArroN TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
(continued)
15. DESIGNATED FUNDS
Current year
At I Sept
2022
Fund
Transfets
At 31 Aug
2023
Income
Expenditure
Parkland fund5
Footpaths in Rock Garden
Japanese Garden
Old World Garden
Glasshouse Restoration
Wood Chipper
15,000
5,000
5.000
30,000
3,LK)O
18,0
5,000
5,CilO
50,000
1,415
79,415
20,CQO
1,415
1.415
55,000
23,OCK)
Education funds
Volunteer Coordinator
12,OC()
12,0(X)
12,OCK)
12,000
Total Designated Funds
55,000
1,415
35,0
91,415
Comparative year
At I Sept
2021
Fund
Transfers
At 31 Aug
2022
Income
Expenditure
Parkland funds
Pulhamite Pond
Footpaths in Rock Garden
Japanese Garden
Old World Garden
Glasshouse Restoration
115.C(JOI
1s,0(x)
Is,o(x)
5,CKJO
5,000
30,0(X)
70,000
15,000
5,000
5.000
30,0
55,0(X)
I15,0￿>
Total Designated Fund5
115,0(xJl
70,0(YJ
55,000
The designated funds have been set aside by the Trustees to fund approved expenditure on the
above projects, all of which involve the reconstruction and conservation of the gardens and
parkland. The timing of approved expenditure is uncertain as this 15 dependent on a number of
factors including 5easonol considerations and availability of specialist assistance.
24

THE GAThON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
(continued)
16. RESTRICTED FUNDS
Current year
At Isept
2022
Fund
Transfers
At 31 Aug
2023
Income
Expendlture
Jolnt funds
New Golf Buggy
Gatton Country Fair
2,493
12,4931
12001
12,6931
200
2,493
200
Parkland funds
Trees For The Future
Dementia Adventure
Japanese Garden PlantinB
Glasshouse Restoration
7,5CIJ
2,400
3,000
3,300
110,5001
13,5861
15001
2,114
500
500
6,800
114,5861
2,614
Education funds
General Education
Reserves
Forest School For All
Volunteer Coordinator
14,613
14,613
415
8,227
23,255
14151
18,2271
18.6421
14,613
Total Restricted Funds
36,148
7,000
125,9211
17,227
Restricted Funds comprise funds donated for the specific use of the proiects noted above. Any
amount5 unspent in any year are carried forward to the next.
The General Education Reserves comprise the general funds of Gatton Park Education Trust Limited
which were transferred at the time of the merger and which will continue to be restricted a5 per
their original purpose.
Comparative year
At I Sept
2021
Fund
Transfers
At 31 Aug
2022
Income
Expenditure
Jolnt funds
Orchard Project
New Golf 8uggy
Gatton Country Fair
68
1681
12,6071
13001
12,9751
5,100
300
5,400
2,493
68
2,493
25

THE GATTON TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
(continued)
16. RESTRicfED FUNDS (continued)
Parkland funds
Japanese Garden
Trees For The Future
japanese Garden Path
Dementia Adventure
Japanese Garden Planting
118
7,QK)O
11181
500
840
2,400
500
4.240
7,500
18401
2.400
500
10,400
7,118
19581
Education fund5
General education
14,613
14,613
reserves
Forest School For All
London School Project
Volunteer Coordinator
2,010
1,500
11,5951
11,5001
11,7731
14,8681
415
10,000
10,000
8,227
23,255
18,123
Total Restricted Funds
25,309
19,640
18,8011
36,148
17. ULTIMATE CONTROLLING PARTY AND PARENT CHARITY
The charitable corporation, Royal Alexandra and Albert School, is the parent undertaking and
ultimate controlling party of the smallest and largest group to consolidate these financial
statements a5 at 31 August 2023. Royal Alexandra and Albert School is a charity registered in the
United Kingdom Iregistered charity number 3119451 whose principal address is Gatton Park,
Reigate, Surrey, RH2 OTW and its consolidated financial statements can be obtained from thi5
address.
Royal Alexandra and Albert School is an educational charity whose principal purpose is to
accommodate and educate 'Foundationers', children who are without one or both parents or
whose special circumstances make it desirable for attending a boarding 5thool. The parent
charity's activities include the provision of an education centre for the benefit of the School and
the public. as well as the consetvation of the historic landscape and buildings within Gatton Park.
The parent charity exercises its control through the power to appoint or remove the majority of
Trustees.
18. RELATED PARTY TRANSACTIONS
2023
2022
Purchases from related partSes.'
Gatton Community Theatre
2,438
801
26