Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31AUGUST 2025**
COMPANY REGISTERED NUMBER: 4216691
REGISTERED CHARITY NUMBER: 1101467
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **CONTENTS**
||**Page(s)**|
|---|---|
|Report of the Trustees|1-9|
|Independent Auditors’ Report|10-14|
|Statement of Financial Activities|15|
|Balance Sheet|16|
|Notes to the Financial Statements|17-27|
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025**
The Trustees present their annual report which includes the requirements of a directors’ report under company law and the audited financial statements of The Gatton Trust Limited (“the Charity”) for the year ended 31[st] August 2025. 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 2006, 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 (“FRS 102”).
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;
- advance 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 conservation and maintenance of the grounds and gardens;
- through a programme of open days, events and special projects continue to expand visitors of all age groups including those with disabilities and the community generally;
- to maintain and build on the relationship between the Charity and other users of Gatton Park;
- to maintain a pool of volunteers to assist with all aspects of the Charity’s work;
- to fundraise for all of the above.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Overview**
Restoration work on the Old World Garden has continued throughout this year. Repairs have been made to the pond’s inflow and outflow systems, ensuring proper function. Clearance efforts around the garden have also progressed.
Tree removal has continued in line with our woodland management plan to address ash dieback. This year’s work focused on the area from the rock garden to the boathouse at the eastern end of the lake, with other woodland sections scheduled for management in the coming years.
The cabin building, heavily used by our education team and for events, is now in poor condition. Its replacement will be necessary within the next 18 months.
1
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
## **Projects during the year**
## **Dementia Adventure**
This on-going project is run in partnership with MHA Communities Southeast. Each month we run a workshop for people with dementia and their carers using Gatton Park as inspiration. Our aim is to reconnect older people who suffer with dementia with nature and the outdoors. The sessions involved gardening that can be carried out indoors and crafts using natural materials such as Christmas wreaths 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 this project was provided by the Brian and June Amos Foundation. This funding has also allowed us to run some pilot sessions linking their members and volunteer befrienders, encouraging them to participate in activities together. The same donors have supported our project for a further year.
## **Wild Wellbeing**
A continuing project along similar lines as Dementia Adventure in partnership with Age Concern Merstham, Redhill and Reigate. This project has increased in numbers, now in its second year, with 15 – 20 people who attend regularly and benefit from the activities.
The project was supported by Charles Hayward Foundation.
Some funding for next year has been secured from Merstham Millennium Trust.
## **Forest Adventures**
The final visits for this project took place in September 2024 with YMCA groups for young people with special educational needs. We provided forest school-style activity sessions for a number of partner groups who support children and families. These included Jigsaw, helping children to manage bereavement and the National Autistic Society
Funding for this project was provided by Netherby Trust.
## **Forest School for All – Homestart**
In August 2025, we started a six-week programme for families supported by Home-start East Surrey to visit Gatton Park for forest school activities. All costs were covered by a grant from Suez Surrey through ActionFunder.
A second project with this group will take place in Spring 2026 supported by Hall Hunter community fund Foundation for Surrey.
## **Old World Garden**
The restoration of this garden, originally created in the 1890s, has continued this year with works on the water system connecting the garden with nearby ponds.
The funding for this project has been provided by Beaufort Homes, Haroldsea Lodge and individual donations including a legacy from Adrian Smart, our former Chair of trustees.
2
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
## **Volunteer Coordinator**
The recruitment, support and liaison with our increasing voluntary workforce is managed by a Volunteer Coordinator. This important role has received funding support from The Community Fund for Reigate and Banstead and Orchid Environmental Trust Fund through Community Foundation for Surrey.
## **Visitors and Education**
During this period 17,441 (2024: 17,173) visits were made to the park as part of our events, activities and educational work. The Park forms the grounds of Royal Alexandra and Albert School and is home to 138 resident staff and their families, and 298 boarding pupils (1,000 school pupils in total). In school holidays the site is let to other residential groups. 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 December, with additional days in February for visitors to enjoy the snowdrops.
Total attendance was 3,590 adults, 1,230 children, (2024: 3,904 adults and 926 children). Numbers were down on open days in April, May and June due to exceptionally large numbers last year around the 25[th] anniversary celebrations for the Japanese gardens. However, numbers were significantly higher for several other open days including August’s inaugural classic car rally.
## **Events**
Our biggest event, Gatton Country Fair, was again affected by poor weather with 1,033 adults and 651 children people attending (2024: 950 adults and 396 children).
Our other popular seasonal events (Easter Egg hunts, Halloween and fairy tale treasure hunt) totalled 1,084 adults, 1,279 children (2024: 1,104 adults and 903 children). Some of these events were affected by weather. This year, we again ran one trail run in partnership with Run Reigate, with a total of 404 runners (2024: 391) This included a canicross event for runners with dogs, which was very popular. We also ran our first barn dance with 115 adults and a candlelight concert in April with 370 adults.
## **Family Learning and Children’s Activities**
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 compared to last year’s numbers – 1,774 children, 1,692 adults (2024:1,681 children and 1,481 adults). This is largely due to the improved staffing situation compared to last year.
This year we started a new project: Growing Wild Forest School for Home Educators. 96 visits were made during this period. Many of the families attending this project have children with special educational needs and have gained a great benefit from the group.
3
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
Groups of children from a number of other organisations, also visited for activities in the park totalling 264 (2024: 134 visitors). Children’s birthday parties were attended by 440 people (2024: 385 people).
## **School Visits**
This year 2,748 school children visited the park (2024: 3,024). These children took part in our educational programmes to study a variety of topics outdoors including maths, science and art. The majority of the pupils are Key stage 1 and Early Years Foundation Stage.
## **Volunteers**
Volunteering is essential for our charitable activity to continue at the level we achieve. Volunteers help with every aspect of our work, from governance by our trustees, gardening and parkland conservation, supporting our school visits and family activities, running events, office work and fundraising. There are 137 volunteers (2024: 125) who regularly support the work of the Trust. In total they provided 9,742 volunteer hours (2024: 8,184)
## **Corporate Volunteering**
Corporate volunteering was a useful contribution to our work force. We have made connections with new organisations and now have a repeat corporate volunteer base. We welcomed 7 groups of volunteers totalling 276 volunteer hours contributed, slightly up on last year’s figures.
## **Staffing**
Our Park Warden resigned in May and has yet to be replaced. One of our part-time gardeners has resigned and been replaced. The Education Officer left for maternity leave just at the end of this period. A replacement will be sought for January 2026 onwards.
## **Funding**
Our charity continues to carry out its charitable work using both generated income from events and activities and donations from charitable trusts, businesses and other grant-making bodies. Grants and donations are essential to help us build our funds towards larger restoration projects. We continue to rely on our volunteer fundraiser for researching and making applications.
## **Park and Gardens**
## **The Gardens**
The Japanese Garden has benefited greatly from the support of the Japanese Garden Society alongside our dedicated volunteers. This year, new trees have been planted to enhance the garden’s beauty, while ongoing efforts continue to remove invasive species such as Spanish bluebells. The area at the back of the garden has been cleared in preparation for planting a willow bed, which will provide winter interest and a sustainable material for craft workshops held at the park.
In autumn 2024, the Rock Garden was honoured with a royal visit. The Duchess of Gloucester toured the garden and met with several of our volunteers. Most of the garden’s development this year has focused on lifting and spreading bulbs, as well as introducing new plantings. Additionally, leaf compost heaps have been relocated to improve the area’s tidiness and maintenance.
4
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
As mentioned earlier, the Old World Garden project is underway, with continued progress throughout the year. Meanwhile, the orchard has been well maintained and remains a key site for educational activities. Our nursery and greenhouse are managed by the propagation volunteer team. This brings the benefits of improving our plant stock for the gardens and income generation by plant sales during our open days.
## **Parkland**
Our annual maintenance programme continues to support the long-term health and character of the landscape. Grasslands are managed through a combination of mowing and grazing by our small flock of sheep. Viewpoints are kept clear by removing bramble and invasive weed trees, while ongoing woodland and tree work ensures public safety, supports wildlife, and maintains the visual appeal of the park.
This year, a sloped area beside the former tennis court in the Pleasure Gardens was terraced. This improvement will make future maintenance more manageable and also introduces a potential new feature for the park — a natural performance or gathering space.
A new 130-metre path has been laid along the southern side of the lake near the bird hide, enhancing access and the visitor experience.
The first phase of works to reduce flood risk around the lake and its surrounding landscape began this summer – part of the dam was raised in height. These works are part of regulatory compliance with the Environment Agency.
Large-scale felling of ash trees, due to ash dieback, progressed into the next woodland block on the eastern side of the lake. These essential safety measures are guided by our Woodland Management Plan, and the associated costs are being covered by the Charitable Foundation of the Royal Alexandra and Albert School, as landowner.
While necessary, the impact on both landscape and wildlife has been significant. In the coming years, further restoration efforts will be undertaken to improve biodiversity within the affected woodlands. This will involve protective fencing to encourage natural regeneration, as well as targeted replanting.
## **FINANCIAL REVIEW**
## **Income and expenditure**
The surplus for the year ended 31 August 2025 was £5,221 (2024: £38,339). There was a deficit within unrestricted funds of £7,745 (2024: £27,165) and restricted funds had a surplus of £12,966 (2024: £11,174 deficit) owing to funding received for new projects which are ongoing.
Income for the year ended 31 August 2025 amounted to £173,302 (2024: £193,018). Donations, grants and voluntary income received amounted to £33,355 (2024: £50,606). A list of all donations of £750 or more is included in the Notes to the Financial Statements.
Open day and related income amounted to £88,429 (2024: £75,478). A full activity programme was run this year, promoted and managed by the Events and Marketing officer. Details of the activities are included in this report.
5
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
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.
## **Reserves**
At 31 August 2025, reserves amounted to £221,855 (2024: £216,634) of which £180,488 (2024: £188,233) comprise unrestricted reserves. As at 31 August 2025, unrestricted reserves included £159,570 (2024: £118,278) designated to future projects, details of which are given in Note 15.
Of the £41,367 restricted reserves at 31 August 2025 (2024: £28,401), £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 2009.
## **Going Concern**
Having made appropriate enquiries, the Trustees are satisfied that the Charity has adequate resources to continue for the foreseeable future. For this reason, the Trustees have continued to adopt the going concern basis of accounting.
## **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 its normal operations for the financial year 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 summarised 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. Regular meetings are held with the Trustees and the parent undertaking is kept informed of the Charity’s 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 £80,458 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 2025 was £180,489 which implies there was a reserves surplus of £100,031. This policy is reviewed annually.
6
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Gatton Trust Limited (“Gatton Trust” or “the Charity”), (registered company number 4216691), a charitable company limited by guarantee, was incorporated on 15 May 2001. The company became a registered charity on 12 January 2004 (registration number 1101467). The governing documents are the Memorandum and Articles of Association. The sole member of the company is the charitable corporation Royal Alexandra and Albert School (“the Foundation” or “RAAS”).
## **Directors**
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 remuneration was paid in the year. Trustees are required to disclose all relevant interests and register them with the Chairman and to withdraw from decisions where a conflict of interest arises.
Royal Alexandra and Albert School, the parent charity, maintains liability insurance for the Trustees and officers of its subsidiary undertakings including the Charity, which qualifies as a third party indemnity provision for the purposes of the Companies Act 2006. This insurance was in force during the financial year and at the date of approval of the financial statements.
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
**Trustees Chief Executive** Peter Dawson Louise Miller David Frank Margaret Kippen Elizabeth Lowe Alan Mortlock Helen Neve Gail Sperrin Nishma Acharya appointed 13 November 2024
**Principal Office Auditors** Foundation Office Moore Kingston Smith LLP Gatton Park Betchworth House Reigate 57-65 Station Road Surrey Redhill RH2 0TW Surrey Charity Number: 1101467 RH1 1DL
7
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
**Bankers Solicitors** CAF Bank Farrer & Co LLP 25 Kings Hill Avenue 66 Lincoln’s Inn Fields West Malling London Kent WC2A 3LH ME19 4JQ
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The Trustees (who are also directors of The Gatton Trust Limited for the purposes of company law) 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 financial 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 Practice). Under company law the Trustees must not approve the financial statements unless 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 charitable company for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Statement of Recommended Practice: Accounting and Reporting by Charities (2015);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards, comprising FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping adequate 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 are also responsible for safeguarding the assets of the charitable company and 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.
8
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 (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 is approved, that:
(a) so far as the director is aware, there is no relevant audit information of which the charitable company’s auditors are unaware; and
(b) he has taken all the steps that he ought to have taken as 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, s414B, The Gatton Trust Limited is entitled to small companies exemption in relation to the strategic report for the financial year ended 31 August 2025 as 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:
David Frank
**Chairman**
18/12/2025
The Gatton Trust Limited Company registered number: 4216691
9
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE GATTON TRUST LIMITED**
## **OPINION**
We have audited the financial statements of The Gatton Trust Limited for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ (United Kingdom 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 August 2025 and of its 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 Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **BASIS FOR OPINION**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s 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 requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **CONCLUSIONS RELATING TO GOING CONCERN**
In auditing the financial statements, we have concluded that the Trustees’ 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 relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as 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 going concern are described in the relevant sections of this report.
## **OTHER INFORMATION**
The other information 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 does 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.
10
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE GATTON TRUST LIMITED (continued)**
## **OTHER INFORMATION (continued)**
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. 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 regard.
## **OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006**
In 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.
## **MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION**
In the light of the knowledge and understanding of the charitable company and its 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 statements are not in agreement with the accounting 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 regime 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 Trustees’ responsibilities statement set out on pages 8-9, the Trustees (who are also directors of the charitable company for the purposes of company law) 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 going 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 so.
11
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE GATTON TRUST LIMITED (continued)**
## **AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS**
Our objectives are to obtain reasonable assurance about whether the financial 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 high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) 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 (UK) we exercise professional judgement and maintain professional scepticism 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 omissions, misrepresentations, 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 policies used and the reasonableness of accounting estimates and related disclosures 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 uncertainty exists, we are required to draw attention in our auditor’s 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 going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions 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
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE GATTON TRUST LIMITED (continued)**
## **EXPLANATION AS TO WHAT EXTENT THE AUDIT WAS CONSIDERED CAPABLE OF DETECTING IRREGULARITIES, INCLUDING FRAUD**
Irregularities, including fraud, are instances 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 material 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 designing 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 regulatory requirements applicable to the charitable company and considered that the most significant 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 complies 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 management 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 understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making 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
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE GATTON 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 audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s 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 audit work, for this report, or for the opinions we have formed.
19/12/2025
## **James Saunders (Senior Statutory Auditor)**
**for and on behalf of Moore Kingston Smith LLP Statutory Auditor**
Betchworth House 57 – 65 Station Road Redhill Surrey RH1 1DL
14
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025**
|**Note**
**INCOME FROM**
**Charitable activities**
Open days and related income
Environmental education
**Donations**
Grants from government and other
public bodies
5
Voluntary income
5
**TOTAL**
**EXPENDITURE ON**
**Charitable activities**
Park and garden conservation
Open day and event costs
Non project staffing costs
Environmental education projects
**Raising funds**
Marketing
**TOTAL**
7,8
**NET INCOME/(EXPENDITURE) AND**
**NET MOVEMENT IN FUNDS**
**Reconciliation of Funds**
**FUND BALANCES brought forward at**
**1 September**
**FUND BALANCES carried forward at 31**
**August**|**Unrestricted**
**funds**
**£**
88,429
51,518
2,950
2,205
145,102
24,917
14,052
104,077
4,957
4,844
152,847
(7,745)
188,233
180,488|**Restricted**
**funds**
**£**
-
-
-
28,200
28,200
2,833
721
8,967
2,250
463
15,234
12,966
28,401
41,367||**2025**
**Total**
**£**
88,429
51,518
2,950
30,405
173,302
27,750
14,773
113,044
7,207
5,307
168,081
5,221
216,634
221,855||**2024**
**Total**
**£**
75,478
66,934
3,500
47,106|
|---|---|---|---|---|---|---|
|||||||193,018|
|||||||23,296
16,508
102,771
6,211
5,893|
|||||||154,679|
|||||||38,339
178,295|
|||||||216,634|
The results shown above are attributable to continuing operations only. The Charity had no other comprehensive income or losses other than those dealt with in the Statement of Financial Activities. There are no material differences between the net (expenditure)/ income and the fund balances carried forward stated above and their historical cost equivalents. The accounts have been prepared in line with FRS 102.
15
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **BALANCE SHEET AS AT 31 AUGUST 2025**
|Note
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Debtors
11
Cash at bank and in hand
Total current assets
**LIABILITIES**
Creditors: Amounts falling due within one year
12
**NET CURRENT ASSETS**
**NET ASSETS**
**THE FUNDS OF THE CHARITY:**
Restricted income funds
13,14,16
Unrestricted income funds
13,14,15
**TOTAL CHARITY FUNDS**|**2025**
**£**
10,426
6,081
226,352
232,433
(21,004)
211,429
221,855
41,367
180,488
221,855|**2024**
**£**
1,166|
|---|---|---|
|||15,028
222,965|
|||237,993
(22,525)|
|||215,468|
|||216,634|
|||28,401
188,233|
|||216,634|
The financial statements on pages 15 to 27 were approved by the Board on and 18/12/2025 were signed on its behalf by:
David Frank
**Chairman**
## **Company registration number: 4216691**
16
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **1. GENERAL INFORMATION**
The Gatton Trust Limited (“the Charity”) is a charitable company limited by guarantee, incorporated in the United Kingdom (registered company number 4216691) and is a charity domiciled in the United Kingdom (registered charity number 1101467). The Charity’s registered office and operational address is: Royal Alexandra and Albert School, Gatton Park, Reigate, Surrey RH2 0TW.
The Gatton Trust Limited is a public benefit entity.
## **2. ACCOUNTING CONVENTION**
The financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, Accounting and Reporting by Charities: Statement of Recommended Practice (Charities SORP (FRS 102)), 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:
(i) Under FRS 102 paragraph 1.12 (b), from preparing a statement of cash flows
(ii) Certain disclosure requirements of section 11 in respect of financial instruments
(iii) 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 concern**
The results for the year show a surplus with the activity programme having fully returned to normal following the pandemic. A full activity 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
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
## **3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)**
## **Incoming 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 corporate), 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 expenditure and management and administration expenditure**
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 as a liability arises.
## **Allocation of support 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 qualifying pension scheme established with the National Employment Savings Trust. Contributions for one employee are paid into a personal pension scheme with Friends Provident.
Both Scheme’s assets are invested separately from the Charity’s assets and payments are charged 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 activities, or capitalised as part of the cost of the related asset, as appropriate.
## **Tangible fixed assets and depreciation**
Tangible fixed assets, costing £2,000 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 bases:
Motor Vehicles 50% straight line Plant and machinery 25% straight line
The useful economic lives and residual value of fixed assets are reviewed at the end of each accounting period.
18
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
## **3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)**
## **Unrestricted funds**
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.
## **Designated funds**
Designated funds comprise unrestricted 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.
## **Restricted 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.
## **Critical accounting judgements and estimation uncertainty**
Estimates and judgments 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 assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual 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 year.
## **4. STATUS**
The charitable company is limited by guarantee and has no share capital. The liability of the member in the event of a winding up is limited to £1.
## **5. DONATIONS AND VOLUNTARY INCOME**
|Grants and donations comprise:
Grants from government and other public bodies
Donations and other voluntary income|**2025**
**£’000**
2,950
30,405
33,355|**2024**
**£’000**
3,500
47,106|
|---|---|---|
|||50,606|
19
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
## **5. DONATIONS AND VOLUNTARY INCOME (continued)**
Donations and other voluntary income include the following amounts received of £750 and over:
||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Hazel Usher Fund|13,300|-|
|Beaufort Homes|-|10,000|
|Legacy from Adrian Smart|-|5,000|
|Bryan & June Amos Foundation|5,000|5,000|
|Orchid Environmental Trust Fund|-|4,827|
|Charles Hayward Foundation|-|4,000|
|Netherby Trust|-|3,850|
|Borrows Charitable Trust Fund|-|3,300|
|Action Funder Ltd|2,950|-|
|CF Surrey Community|2,950|-|
|Merstham Millenium|2,000|-|
|Kent County Council|-|2,000|
|Community Fund for Reigate and Banstead|-|2,000|
|Department for Environment, Food & Rural Affairs (DEFRA)|-|1,500|
|Adrian Smart funeral|-|1,393|
|Deloitte|1,000|-|
|The Personnel Agent|1,000|-|
|Richard Wassell|-|1,000|
|Surrey Hills Society|-|1,000|
|Haroldslea Lodge|-|950|
|Jeremiah Colman Gift Trust|750|750|
## **6. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES**
The monthly average number of employees was 6 (2024: 5.3). Calculated as full time equivalents the employee number was 3.0 (2024: 3.0). All employees are involved in the delivery of education activities.
|**Staff costs**
Wages and salaries
Social security costs
Other pension costs|**2025**
**£**
91,091
7,950
4,784
103,825|**2024**
**£**
83,889
5,551
6,242|
|---|---|---|
|||95,682|
None of the employees earned more than £60,000 (2024: £60,000). None of the Trustees received any remuneration or expenses (2023: none).
Audit fees of £2,867 (2024: £2,730) were borne by the parent charity who made no recharge.
20
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
## **7. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE**
|**Current year**
Park and garden conservation
Open day and event costs
Non project staffing costs
Environmental education projects
Marketing
**Comparative year**
Park and garden conservation
Open day and event costs
Non project staffing costs
Environmental education projects
Marketing|**Direct**
**costs**
**£**
25,380
13,512
103,390
6,591
4,853
153,726
**Direct**
**costs**
**£**
20,771
14,719
91,631
5,537
5,255
137,913|**Support**
**costs**
**£**
2,370
1,261
9,654
616
454
14,355
**Support**
**costs**
**£**
2,525
1,789
11,140
674
638
16,766|**2025**
**£**
27,750
14,773
113,044
7,207
5,307|
|---|---|---|---|
||||168,081|
||||**2024**
**£**
23,296
16,508
102,771
6,211
5,893|
||||154,679|
## **8. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE**
|**Current year**
Direct costs
Support costs
**Comparative year**
Direct costs
Support costs|**Unrestricted**
**funds**
**£**
140,037
12,810
152,847
**Unrestricted**
**funds**
**£**
123,650
13,192
136,842|**Restricted**
**funds**
**£**
13,689
1,545
15,234
**Restricted**
**funds**
**£**
14,263
3,574
17,837|**2025**
**£**
153,726
14,355|
|---|---|---|---|
||||168,081|
||||**2024**
**£**
137,913
16,766|
||||154,679|
## **9. TAXATION**
The Gatton Trust Limited, as a registered charity, is exempt from taxation on capital gains and income arising and expended on its charitable activities.
21
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
## **10. TANGIBLE FIXED ASSETS**
|**Plant and**
**Machinery**
**£**
**COST**
At 1 September 2024
4,347
Additions
12,467
Disposals
-
At 31 August 2025
16,814
**ACCUMULATED DEPRECIATION**
At 1 September 2024
4,347
Charge for year
3,117
Disposals
-
At 31 August 2025
7,464
**NET BOOK VALUE**
At 31 August 2024
-
At 31 August 2025
9,350
**11. DEBTORS**
Trade debtors
Accrued income and prepayments
**12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||**Motor**
**vehicles**
**£**
11,117
2,152
-
13,269
9,952
2,241
-
12,193
1,166
1,076
**2025**
**£**
4,773
1,308
6,081||**Total**
**£**
15,464
14,619
-|
|---|---|---|---|---|
|||||30,083|
|||||14,299
5,358
-|
|||||19,657|
|||||1,166|
|||||10,426|
|||||**2024**
**£**
4,040
10,988
15,028|
|Trade creditors
Amounts owed to group undertakings
Accruals and deferred income|**2025**
**£**
1,243
17,163
2,598
21,004|**2024**
**£**
2,333
18,293
1,899|
|---|---|---|
|||22,525|
Amounts owed to the charitable corporation, Royal Alexandra and Albert School, are unsecured, interest-free and payable upon demand.
22
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
## **13. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**Current year**
Fixed assets
Current assets
Current liabilities
**Net assets**
**Comparative year**
Fixed assets
Current assets
Current liabilities
**Net assets**|**Unrestricted**
**funds**
**£**
10,426
191,066
(21,004)
180,488
**Unrestricted**
**funds**
**£**
1,166
209,592
(22,525)
188,233|**Restricted**
**funds**
**£**
-
41,367
-
41,367
**Restricted**
**funds**
**£**
-
28,401
-
28,401|**Total funds**
**2025**
**£**
10,426
232,433
(21,004)|
|---|---|---|---|
||||221,855|
||||**Total funds**
**2024**
**£**
1,166
237,993
(22,525)|
||||216,634|
## **14. STATEMENT OF FUNDS**
|**Current year**
Unrestricted funds:
- General funds
- Designated funds
Restricted funds
**Comparative year**
Unrestricted funds:
- General funds
- Designated funds
Restricted funds|**At 1 Sept**
**2024**
**£**
69,955
118,278
28,401
216,634
**At 1 Sept**
**2023**
**£**
69,653
91,415
17,227
178,295|**Income**
**£**
142,952
2,150
28,200
173,302
**Income**
**£**
143,624
20,383
29,011
193,018|**Expenditure**
**£**
(145,989)
(6,858)
(15,234)
(168,081)
**Expenditure**
**£**
(116,322)
(20,520)
(17,837)
(154,679)|**Fund**
**Transfers**
**£**
(46,000)
46,000
-
-
**Fund**
**Transfers**
**£**
(27,000)
27,000
-
-|**At 31**
**Aug 2025**
**£**
20,918
159,570
41,367|
|---|---|---|---|---|---|
||||||221,855|
||||||**At 31**
**Aug 2024**
**£**
69,955
118,278
28,401|
||||||216,634|
23
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
## **15. DESIGNATED FUNDS**
|**Current year**
**Parkland funds**
Footpaths in Rock Garden
Japanese Garden
Old World Garden
Glasshouse Restoration
Wood Chipper
Ride on Mower
Secret Garden
Woodland Management
Cabin
**Education funds**
Volunteer Coordinator
**Total Designated Funds**
**Comparative year**
**Parkland funds**
Footpaths in Rock Garden
Japanese Garden
Old World Garden
Glasshouse Restoration
Wood Chipper
Ride on Mower
**Education funds**
Volunteer Coordinator
**Total Designated Funds**|**At 1 Sept**
**2024**
18,000
5,000
16,323
60,000
1,955
17,000
-
-
-
118,278
-
-
118,278
**At 1 Sept**
**2023**
18,000
5,000
5,000
50,000
1,415
-
79,415
12,000
12,000
91,415|**Income**
-
-
-
-
2,150
-
-
-
-
2,150
-
-
2,150
**Income**
-
-
18,343
-
2,040
20,383
-
-
20,383|**Expenditure**
-
-
(2,665)
-
-
(4,193)
-
-
-
(6,858)
-
-
(6,858)
**Expenditure**
-
-
(7,020)
(1,500)
(8,520)
(12,000)
(12,000)
(20,520)|**Fund**
**Transfers**
-
-
-
-
-
-
5,000
1,000
40,000
46,000
-
-
46,000
**Fund**
**Transfers**
-
-
-
10,000
-
17,000
27,000
-
-
27,000|**At 31 Aug**
**2025**
18,000
5,000
13,658
60,000
4,105
12,807
5,000
1,000
40,000
159,570
-
-
159,570
**At 31 Aug**
**2024**
18,000
5,000
16,323
60,000
1,955
17,000
118,278
-
-
118,278|
|---|---|---|---|---|---|
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 is dependent on a number of factors including seasonal considerations and availability of specialist assistance.
24
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **GATTON TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
## **16. RESTRICTED FUNDS**
|**Current year**
**Joint funds**
Gatton Country Fair
**Parkland funds**
Glasshouse Restoration
New Golf Buggy
**Education funds**
General Education
Reserves
Volunteer Coordinator
Forest Adventures
Dementia Adventure
Wild Wellbeing
Forest School - Homestart
Forest School -NHS Group
CF Surrey Community
Group
**Total Restricted Funds**|**At 1 Sept**
**2024**
**£**
-
-
500
-|**Income**
**£**
1,000
1,000
-
13,300|**Expenditure**
**£**
(1,000)
(1,000)
-
-|**Fund**
**Transfers**
**£**
-
-
-
-|**At 31 Aug**
**2025**
**£**
-|
|---|---|---|---|---|---|
||||||-|
||||||500
13,300|
||500|13,300|-|-|13,800|
||14,613
4,221
2,045
3,022
4,000
-
-
-
27,901
28,401|-
-
-
5,000
2,000
2,950
1,000
2,950
13,900
28,200|-
(4,221)
(2,045)
(3,427)
(3,360)
(181)
(1,000)
-
(14,234)
(15,234)|-
-
-
-
-
-
-
-
-
-|14,613
-
-
4,595
2,640
2,769
-
2,950|
||||||27,567|
||||||41,367|
Restricted Funds comprise funds donated for the specific use of the projects noted above. Any amounts 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 as per their original purpose.
|**Comparative year**
**Joint funds**
Gatton Country Fair|**At 1 Sept**
**2023**
**£**
-
-|**Income**
**£**
250
250|**Expenditure**
**£**
(250)
(250)|**Fund**
**Transfers**
**£**
-
-|**At 31 Aug**
**2024**
**£**
-|
|---|---|---|---|---|---|
||||||-|
25
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
## **16. RESTRICTED FUNDS (continued)**
|**Parkland funds**
Glasshouse Restoration
Woodlands Management
Plan
North Downs Way
**Education funds**
General Education
Reserves
Forest School Equipment
Forest Adventures
Dementia Adventure
Dementia Adventure (Age
Concern)
Wild Wellbeing
Volunteer Coordinator
**Total Restricted Funds**|500
-
-
500
14,613
-
-
2,114
-
-
-
16,727
17,227|-
1,500
3,000
4,500
-
534
3,850
5,750
3,300
4,000
6,827
24,261
29,011|-
(1,500)
(3,000)
(4,500)
-
(534)
(1,805)
(4,842)
(3,300)
-
(2,606)
(13,087)
(17,837)|-
-
-
-
-
-
-
-
-
-
-
-
-|500
-
-|
|---|---|---|---|---|---|
||||||500|
||||||14,613
-
2,045
3,022
-
4,000
4,221|
||||||27,901|
||||||28,401|
## **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 as at 31 August 2025. Royal Alexandra and Albert School is a charity registered in the United Kingdom (registered charity number 311945) whose principal address is Gatton Park, Reigate, Surrey, RH2 0TW and its consolidated financial statements can be obtained from this 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 school. 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 conservation 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.
26
Docusign Envelope ID: DD97BB52-DE84-4489-B489-B531C4BD4F43
## **THE GATTON TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 (continued)**
**18. RELATED PARTY TRANSACTIONS**
|**RELATED PARTY TRANSACTIONS**|||
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|**Purchases from related parties:**|||
|Gatton Community Theatre|785|1,370|
27