REGISTERED COMPANY NUMBER: 07181964 (England and Wales) REGISTERED CHAIUTY NUMBER: 1134948 REPORT OF THE TRUSTEES AI¥D AUDJTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR THE GREAT DIXTER CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) GMP Audit Ltd 82 High Str¢¢l Tenterden Kent TN30 6JG 'AEtX2PKGQ' 2211012025 COMPANIES HOUSE A05
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THE GREAT DIXTER CHARIT ABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Reference and AdministrAtive Details Report of the Trustees 2 10 13 Report of the Independent Audltor 14 10 16 Statement of Finanelal Aetivllles 17 to 18 Statemen¢ ofFinancial Position 19 to 20 Sl8temenl of Cash Flowi 21 Noles to the Statement of Cash Flows 22 Noles to the Financi81 St8tements 23 to 42 Detalled Statement of Flnanelal Actlvltles 43 to 45
THE GREAT DIXTER CHARIT ABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR EIYDED 31 MARCH 2025 TRUSTEES Mr G Dyer Chairnian Mr T Cooper Ms O Eller Mr J French MrCWHind MrGFHKing Mr J S W Massey Ms H K Nonnan Mr J P Wolton Mr P Garbe Ms J A F Cligman Dr A J C Cooper Mr J C Ringerr REGISTERED OFFICE Greai Dixter House and Gardens Northiam Rye East Sussex England TN316PH REGISTERED COMPANY NUMBER 07181964 (England and Wales) REGISTERED CHARITY NUMBER 1134948 AUDITOR GMP Audit Ltd 82 HiEh Street Tenierden Kent TN30 6JG COMPANY SECRETARY Carol Joughin Page I
THE GREAT DIXTER CHAR]T ABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 CHAIRMAN'S REVIEW OF THE YEAR The Truslees of Great Dixter Charithble Trust (GDCT) are please to present their report and financial sthlements for the riscal year ending March 2025. Trustees The Trusiees of the GDCT are listed on page l. 0ECTIVEs AND ACTIVITIES Objeetives and Attlvlties The GDCT was creaied lo ensure the conservation of the Great Dixler Estate and public access to the House and Gardens as developed and mainlained by the fainily of Christopher Lloyd for almost l 00 years. As a regjistered charity created io manage and conserve Greai Dixter House and Gardens for the benefit of the publi our charitable objeclives are.. to conserve, mainiain, and enrich ihe Garden (in accordance with the long honoured gardening spirit tradition of Christopher Lloyd) for the benefit of the general public. io conserve, maintain and restore the House (in accordance with the conservation principles and policies applicable thereto as a Grade I listed and registered heritage prop¢rty), and wher¢ applicable Great Dixler in ils entirety for the benefil of the general public. to manage the woodlands, meadows and fields in a rnanner thai encourages (heir bio-diversity and serves the objeclives above. to advance education tn honiculrure and bio-diversity, in particular but noi exclusively by conserving, cataloguing, maintaining and making accessible lo the public the extensive archival material in the House relating lo the House, Ihe Garden and the Lloyd family for its hcrilage and historical value. The Trustees have complied with the duty in se¢tion 4 of the 2006 Acl, having due re8ard lo the Charity Commission Guidance on public benefit. STRATEGIC REPORT Achievemenl and performance Ai the time of writing, il is someiimes appropriate noi io ignore developments following the completion of the fiscal year under review, in our case the year ending 31 March 2025. The experience of the f)rsi few months of fiscal 202512026 is strikingly Sirong and Positive, particularly given the challenges of the previous few years. Some of the commentary which follows reflects this. In large measure, Dixter is thriving. The good weather for gardening during the last few months has certainly helped. More importantly. all of the essential operations through much of fiscal 202412025 have been increasingly effective and reflect considerable excellence and harniony. In 2024125, visitor number$ were slightly down on the previous year due mainly lo poor weather conditions. We welcomed 47,01 O visitors lo the Gardens and House (-1,171 on the previous year). During this financial year the focus was placed on the development of a five-year strategy for Great Dixter and a plan for the restOTalion and maintenance of the house and historic buildings on the estate. Page 2
THE GREAT DIXTER CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT (continued) Strategy for the Greal Dixter Chorltable Trust (GDCT) Vision To be a place lo inspire and enlighten. Bringing together horticulture, education, ecology and history. Mission For 2025 to 2028 is to allow generaiions to gain a deeper understanding of horticulture and nalure. by creating and combining an exceptional environmeni for biodiversity rich. susiainabl¢ horticulture, benefiling people, nature and society. Trustees and staff have worked iogether to highlight and prioritise key areas of work io be addressed over the next five years. Areas for improvemeni included the need to- Appoint addilional support io assist with financial management within the Trust Develop a Fundraising Straiegy for the next 5 years. Inlroduce an appraisal process throughout ihe organisation Introduce departmental plans to ensure the strategy is adopted ihroughoul the organisalion Encourage the developmenl of a culture of evaluation across all departments Continue lo develop new susiainabiliiy iniliaiives ensuring that we meet our carbon reduction targets as required. Restoration, Repairs and Malntenance While Ihe House and estate buildings provide a wonderful environment for ihe work undertaken at Great Dixler they are in themselves a big responsibility for the team in ternis of time and money lo repair and prolecl them. With ¢he appointment of a new Estates and Facilities Manager, great strides have been made to focus more on ihe need lo make sympaihelic and timely repairs 10 Ihe buildings on the esthte. Any plans for repairs io a Grade I listed building are fraughi with potenlial piifalls in iernis of geiiing agreement among experts for the COTTect approach lo tske, chooqing the mosl appropriate materials and finally gelling approval for any plans from th¢ Conservation Department, The process for each building needing repairs can tske many months. A project has commenced io record all repairs and building work undertaken at Dixler going right back lo 1910. A Quinquennial Survey of the house, the first of ils kind to be undertaken al Great Dixier, has begun and will be completed later in 2025. and will provide a dethiled priority list for work lo be undertaken on the house. By developing a planned programme of work we should be able to ensure proaclive maintenance of the eslale and reduce the long period of wailing time which CUentlY hamper the work being undertaken. This financial year we have becn able to replace roll¢n windows in the garden cottagt where the scholars and students live. We have also commenced work to address damage 10 the roof which will be ¢ompleied in 2025. Great care has been taken of the 16th century floor boards this year. An enornlous commitment of ¢leaning* waxing and polishing the boards which Lutyens reclaimed from the Elizabethan additions to the house {which he removed) and are laid throughout the house, has commenced and will be ¢ompleied later in 2025, Volunteers have assisied the House and Contents Manager witli evehIng from book checking and dusting 10 making new lablecloihs, blackouis for items in risk of sun damage and cliecking of textiles. The House and Legacy Access lo ihe House is now part of a combined entrance ticket. We hope this will encourage more people to step in and enjoy the exceptional house and ils contents. "Garden Greeters" the newest band of volunteers, share inforn)ation, welcome people to the house, discuss the pot displays and create a warni welcome lo the property, Guides in the House share the hisiory of Great Dixler with visitors and music has now returned lo the Parlour as the piano is played on a regular basis. New exhibitions had been made available throughout the open season. Topics have included: Daisy Lloyd's lace making equipmenl and examples of her work, clothes belonging lo Daisy Lloyd, a display of items from the Alan Caiger-smith Collection of poiiery held ai Great Dixier and a display showing ihe process of restoring the Yeoman's Hall. Page 3
THE GREAT DIXTER CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The House and Legacy (continued) The Lutyens Tours raised £3,427. Ninety-seven people allended ihe tours this year. The House is also a living space and welcomes community groups io visit for meetings. Il is a place for discussion, debaie and learning as well as being a historically important property. Many horticulturists and ecologists Stay during the warnier months, and 75 guesis stayed over ihis financial year. The Garden The garden has ¢ontinued to thrive despite the wettest spring on record. The weather l¢d to the unprccedenie41 decision to cancel the spring 2024 plant falr much 10 the disappointment of visitors and staff. An extra summer plani fair was held which was enjoyed by all. The autumn 2024 plant fair went ahead as usual. The Garden has continued to feature in articles written across the world and was listed in the New York Times as one of the grealcsi gardens in the world. This type of publicity brings new Visito lo the garden every year. Each year the garden team hosi a volunteer weekend io allow people from across ihe country to have an experience of gardenin8 the "Dixter way" In Spring 2025 approximately 68 people attended and we were delighted 10 provide an opportunity like this for networking and l¢arnin8. Education GTeai DiAler coniinues to excel in teaching, inspiring and sharing our way of gardening. Our education work coniinues lo offer meaningful and in some cases life-changing experiences to H wide ran8¢ of people from varied backgrounds. Scholars and GArden Students Great Dixter Slill continues lo lead Ihe way in the practical trainin8 of gardeners and now offers 6 year-long paid places for trainee gardeners and nursery workers. The aim is lo work with the individual, and often training continues for people beyond iheir initial scholarship year. The Elizabeth Murray Scholarship is a new $1 for 2024, which provides paid work and training for a person who has previously siruggled wlth access 10 employment. There is one 'floating space" which means short ierni placements can be accommodated. During 2024-5, 12 people joined us for a monih's experience each. Weekly work expertence has been provided for a student from a local College since September 2023. Stud da leetures rden ¢ours SAnds Greal Dixler coniinues lo offer an inspiring educational programme for adults, which generales revenue for the Trust, and helps to share our approach of gardening in harn)ony with Ihe natural world. These Courses are led by Fergus Garrell and members of the gardening and nursery leams as well as select visiting tutors. Some courses such as the Art and Crafi of Gardening lake place Ihrou8h the year and offer a seasonal view of the garden work. Oihers such as Ihe study days are sland alone and aim lo provide an understanding of Great Dixler's gardening methodology. Week -long symposia offer an in-depth, often hands-on experience of specific gardening topics. Great Dixter has also continued to extend the offer around the theme of gardening for biodiversity and has tried to promoie acces5ibilily to m05t courses by offering reduced- price bursary places, as well as an online symposium for those unable 10 allend in person. Page 4
THE GREAT DIXTER CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Chrsto her Llo d Bursar The Christopher Lloyd Bursary is generously funded by donations from Nurseries attending the plant fairs and is iniended lo provide small grants for travel or training for young or developing gardeners. £4,477.69 of grants were warded to I I people in 2024-2025. Faellilles Spnn8 2024 saw the rejuvenalion of the pond dipping platforni and area funded by the Fieldfenn Trust. Famll Edueatlon Garden Explorers is a group for carers and preschool children thking place bi-weekly. Families attending take part in a wide variety of activities aimed al connecting them with the seasons, biodiversity and gardening. These have included seed sowing and planting, bulb planting, pond dipping and using sweepnets to invesligaie invertebrates, arts and crafts, Cooking and stories relating to plants and wildlife and foresl school activities. Addilional aciivities for older children thke place during the school holidays. School V5sils In July 2024 in response lo a downtum in h0O1$ visiting a new h0o]S, brochure was produced and distributed to schools within easy reach of the garden. As part of the programme free visits are now offered 10 any pupils in receipt of a Pupil Premium (free school meals). 5 schools visited in the autumn and spring bringing 117 children including schools based in sonie of the more deprived areas of Hastings. 30 of these children receive free school meals. Since January 2025, Great Dixler have been running weekly forest school sessions for our local primary school, based in Northiam. Home Education In January 2025 (following a pilot session in the summer of 2024) an offer for the Home Education community (people who educaie their children al home) was launched. These are monlhly sessions which include seasonal activities linked 10 growing and the garden (including a visit lo the garden) and foresl school oclivilies in the woods. Page 7
THE GREAT DIXTER CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Nursery Income from Nursery sales was up by 40/0 compared lo last year. The Nursery employs trddilional techniques and grows approximately 900/0 of the plants for sale. The a grown in Dixter compost and are given minimal proteclion. This produces strong young plants which are mostly sold in 9¢m pots. Selling small plants is a deliberate decision as these will often do belter when transplanted into gardens than larger plants, and are more sustainable in ternis of composl use and pots to recycle. Better use has been made of the existing space in the nursery and new areas have been developed for growing on the plants before sale. Trials of new varieties takes place in large pots in the nursery and in the lop stock beds in the garden. Over l 00 new plant varieties have been grown ihis year. The team have been producing hand pollin8led seed strains of hellebores and the firsl 8en¢ralion have now flower¢d and we look forward 10 watching this project develop further. Daliah Propagation is now sthrted earlier that before meaning that cullings produce larger plants in lime for sale. These have been very popular. Biodlverslty Improving biodiversily remains central lo all areas of Greal Dixlerfs work. From Ihe habitat piles which aTe increasing in number across the estate to the care taken to manage the gardens wiihoul resorting lo pesiicides or methods that could harni Ihe wildlife thai we have. The big change in practice in 2024 was the addilion of a number of Galloway cattle 10 conservalion graze Great Park. This allowed thc sward lo be improved and invasive species such as thistles lo be managed. The aim is lo improve the structure of Ihe land lo allow the recovery of ancienl species and many new species of plants and inse¢ls 10 thrive and lo provide resources that will bring in more wildlife to the estate. Regular assessment of these areas continues. Sustainability features heavily in the new strategy and all departmenls will be asked to identify areas for improvement over the Coming year. We have changed energy and insurance providers this year 10 improve our sustainabilily redenlials. Frlends and Fundralslng Income from ihc Friends of Greal Dixier continues to be vitally important to allow us to continue lo meet our Charitable Objectives. The Friends membership, donations, and income from grants and gift aid has amounted to £972,131. This is so apprecialed and valued by all who work here. The Loggig and Shop Loggia sales brought in £298,721, an increase of 70/ from last year. Further adaptalions were madc lo the structurc of the loggia and the equipmenl was improved in an attempt to assist staff deal wilh Ihe many visitors, to what is a small outlet, on the eslale. Shop sales brought in £217,786. an 80/0 increase on last year. At the end of Ihe financial year the shop undenvent a refurbishment, and new lines were added with more planned for the next financial year. The Ereenwood benches n)ade on the eslale using Dixler wood have been extremely popular Ihis year and sold well as have the hurdle5. Page 8
THE CREAT DIXTER CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Potential development of Improved Fatilities for the Loggia and Shop A delailed feasibility study has been undertaken and inilial designs developed by Grimshaw Architects to consider the possibility of creating more indoor space in a Loggia and shop for Visltors. Trnslees will forni a decision in 2025 whether this is a project they wish to undertake and if so al what scale. This is a big decision for those irusled with the future sustainability of Great Dixier and the impact on the estate needs to be considered alongside the projected cost and potential benefil to visitors and staff. Volunteers Volunteers conlinuc to help the organisation thrive. Over 70 volunleers supported the work of Great Dixter in this financial year. In February 2025 we were delighted to welcome almost 64 vlsiiing volunleerslstudents for the annual garden volunieer weekend. Volunteers join us in almosi all areas of our work from the regular volunteers in the garden, some who have been with us for many years. to ihe volunteers on the Estate Team, those helping with care of the conlents of the house, assisting with Garden Explorers and al the Friends evenls and Plant Fairs. A big thank you goes out io them all. Communlty Something that has always sei Great Dixler apart is the 8enuine welcome that is exlended to ihe many thousand of people we encounler through ihe yelr. When considering Ihe benefit Greal Dixter provides for the Communily il extends far beyond what is generally understood by the lerni. Community to Great Dixler includes the forn)er friends of Christopher Lloyd, horticultyrisls from across the world and sdentS of horticulture both past and present. It refers to be numerous people who come from across Ihe coun(ry lo help us Tun Ihe plani fairs, il is Ihe nurserymen and women who attend. 11 is the people in ihe village and surrounding area who we employ, who volunteer for us, who are our suppliers. It is the keen amateur gardeners who visit over and over again from across the UK and beyond, it is the small horticultural societies across the ountry lo whom Fergus lectures. It is the people who are trying lo replicate whal we do in their own cities. towns, villages and gardens. li is also anyone in Ihis field who we iry lo help. It is the folk from the men's shed groups who join us to learn 10 make hurdles. li is the tremendous group of people who are our Friends aiid donors. Where we use Ihe expression Ihe"Dixter Family" others would perhaps use the word community." Investment Powers The charter of the GDCT auihorises the Trustees to make and hold investments using the general funds of the GDCT. Financial review Tothl income in the fiscal year 2024125 was £2,644,144 (£2,220,563 in 2023124). The total nel surplus for the year was £220.448 (£80,453 in 2023124) the surplus on the unrestricted general fund 2024125 was £193,952 and ihis was transfeed lo the new Major Repairs Fund {£3,543 in 2023124 transferred lo Christo's Fund). Income relating to operaling aclivilies, including admissions amounted lo £1,646,557 in 2024125 (£1,536,866 2023124). There was expenditure relating to Irdding aciivities of £880,530 (£788,841 in 2023124) resuliing in operating surplus inclusive of admissions income of £766,027 (£748,025 in 2023124). Investments generated £26,923 (£22,441 in 2023124). The total reserves held by the charily at ihe year-end amounied to £8,920,661 of this amounl £5,212,831 was restricted. Thanks are due lo the very hard work and accountability of staff and our public and private financtal support. The Trust's principal funding sources remain splil between ils operaiing income derived from lis Charitable Aclivilies, which means ils admission to the House and Gardens and its Trading Aclivilies belng ihe Shop, ]XJggia and Garden Nursery sales, logeihcr with Educational courses and its income from charitable donations, grants and legacies. Page 9
THE GREAT DIXTER CHAR]TABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Future plans Now that the strategy is completed, we will slart the harder work of implementing the prioriltes across all departments and wilh all staff. As m¢ntiontd earlier in ihi5 report providing our visitors with a waTm space to Cal and drink is currently a challenge and becoming more so with the current unpredictsble weather patterns. We will continue 10 explore options to allow us to provide indoor seating and improve facilities for the future. We will coniinue to follow a planned progrnmme of repairs of the buildings across the estate. STRUCTURE, GOVERNANCE AND MANAGEMENT Governance Th¢ Great Dixter Charitable Trust is a company limiled by guarantee governed by ils Memorandum and Articles of Association dated 9th March 201 O, JI is registered as a charity with the Charity Commission. Appointment of Irustees TNsiees are elecied in accordance with the direciive as sei out in ihe Articles of Association. The Trust currenily has a total of 13 Trnstees. All Truslees are mindful of Iheir responsibilities regarding the appointmenl and training of new Trustees. Presently, the need for new Trustees is discussed amongst exjsiing Trusiees with, when a need is agreed, polential candidates bein8 identified through existing nctworks or by external dvertisement. The Succession Planning Sub-committee 5UPPOrtS this work. Ttustees are elected in accordance with the directive as sel oul in the Anicles of Association. Shortlisled candidates are inierviewed, and the successful candidates undergo a comprehensive induction where they meet key members of Ihe Trust and are introduced to all aspects of the Trust's work. Each new Trustee is provided wilh a summary of the responsibilities of a new Trustee. Organisation The GDCT is managed by the trustees and & staff led by Fergus Garretl, CEO and Head Gardener. During the fiscal year ended 31 March 2025, the Trustees met regularly, including an annual general meeting for the 2023 fiscal year in early July 2024. Those meetings addressed, among other Ihings, a running agenda dealing with business operations, financial niallers, conservation plans. committee reports. health and safety consideraiions and other risk management mallers, together with v¢ry allcnlive monitoring of our activities and revenues. Operalionallyj Fergus Gattl (the CEO) continues lo achieve very high-qualily effectiveness with respect io Ihe rnanagemenl. I, as Chair of the Trustees, am in regular communicaiion wilh Fergus and the oiher Trustees. A Scheme of Delegation sets oui th¢ extent 10 which Trustees have delegated responsibilities 10 its commiltees and to the Chief Executive Officer. A number of commiiiees and various working groups of the GDCT Continue lo make significant contributions. They include the following: l. A House Commillee which regularly reviews and analyses the condilion and circumstances of the House and the collections therein and the development of practices and policies with respect to public visitalion. 2. The Finance and Management Committee which meets monthly and is responsible for the review of accounts and financial results of the of the GDCT, addresses operational issues and develops budgets- 3. The Futures Committee which has been fornied to explore improved long tern) funding options for Greai Dixter. 4. The Retail Committee which advises the Board on matters relating Ihe shop and the loggia. 5. A succession Planning sub-committ addresses key issues relating to good governance. Page 10
THE GREAT DIXTER CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk managemenl A Risk Regisier is maintained and the Trustees a¢lively review the major risks which GDCT faces on a r¢gular basis. Reserves Policy GDCT'S accounts include both restricted and unrestricted resetves. A substanlial proportion of both categories of reserves are capiialised, representing asseis of GDCT which cannot or would nol nornially be realised. The reserves policies are primarily Concern with the uncapilalised, unreslricled reserves of GDCT. which are available to meet the liabilities of Ihe charity incurred in the normal course of its aclivilies and in exceplional or unforeseen circumstances. In relation to such reserves, the trustees have adopied the following policies. a) A reserve of al least £1 00,000 shall be maintained to meet an unforeseen ernergency or other unexpe¢ted event. This amount is a1Ved al after consideTing risks and how niuch might be needed for such contFngen¢ies- this Involves judgemeni of events that may occur and their likelihood. b) A reserve of al leasi IOO/D of the expenditure budget for the CUTrent year shall be mainlaincd lo meel unexpected and unforescen operationhl expenditure. c) An addilional reserve to increase the reserves lo al least six months of operational expenditure shall be maintained to provide against uncertainty over future income. Potential significant loss of income Could result from a downturn in economic activity or an increase in fuel costs resulting in fewer lourisls, a major disaster in the area, bad weather, pollution incident, or loss of reputation etc. Maintaining such a reserve will allow time for GDCT io develop new sources of income or to cul-back on expenditure. d) Further reserves may from lime 10 lime be created to provide for planned expenditure on idenlified projecls which cannol be fully funded out of current year income or restricted reserves where appropriale. e) Should the GDCT'S cash flow forecasts indicate a shortfall, additional reserves shall, if necessary, be maintained to cover such shortfall. Investment Pollcy Investmenl aims and objeclives The primary investment objective for GDCT 1$ 10 invest a portion of its general funds in order to help fund its chariiable objects. The Trustees, aims are.. first, to gencraie 40/0 growth in capital over the long tern], ahead of inflation as measured by CPI, and secondly to generat¢ an investment return on surplus working capital. Altitude lo risk: The Trustees have considered the Itvel of risk they are willing to tske and seek io accept a level of risk no greater than is necessary to achieve their invesirneni aims Liquidity consideralioT]s: Funds required lo meet short lern) budgeted expenditure, plus a contingency for unexpected expenditure, shall be kept on CUent account or in call or short-lerni deposit accounts wtth GDCT'S bankers or other insti110nS approved by the trustees. Funds nol so required may be invested with a view lo obtaining a grealcr return over the niedium lo long tem]. Funds representin8 al least the minimum level of uncapilalis¢d, unreslricled reserves for the til¢ being, delerniined under GDTS reserves policies, should be held on current account, Call or short'_lerni deposit, or in other investmenls which, in the opinion of ihe trustees, provide sufficient security and liquidity lo be realised al short notice, if required, so far as possible without cosi or penalty. Investment of Restricted and Designated Funds Similar principles apply lo the inveslmenl of restricted and general funds. having reEard to lemis on which such funds are held, the purposes for which they are held and th¢ length of lime funds are likely to be held before ihey are spent, Pagell
THE GREAT DJXTER CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Ethical considerations: Investments shall be selected which are in tune with the ethos of Great Dixter. The COIF Investment Fund incorporaies environmenial, social and governance considerations inio the investhient strategy. Governance: Decisions regarding investments are made by the Finance and Managemenl Committee and approved by the Trust Board. How will success be measured? Perforniance of investments will be revicwed on a quarterly basis. Remuneration Polley The tTUSI is commiiied to paying staff a fair salary that is competitive within the charity sector locally, proportionaie to the complexity of each role and in line wilh the charitable objectives. The Trust meets all national pay standards and provides all stsff wilh ai least ihe Naiional Living Wase. The Trustees, with recommendations from the Finance Committee, govern overall remuneralion packages and approval any annual perceniage increase. The remunerdlion of sthff who are key management personnel is ¢onsAdered annual by the CEO. Charity Code of Governance The Trust uses the Charity Code of Govcrnance lo infonn its work and decision-making. STATEMENT OF TRUSTEES, RESPONSIBILITIES Law applicable 10 charities in England and Wales requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the charity's activities during the year and of ils financial position ai the end of the year. In preparing Ihose finanoial statements the trustees are required to: seleci suilable accounting policies and apply them consistently make jud8emenls and eslimales that are reasonable and prudent stale whether applicable accounting siandards and statements of recommended practice have been followed, subjeci 10 any departures disclosed and explained in the financial statements prepare the financial statements on a 80ing concern basis unless it is inappropriate lo assume that the charity will ontinue in operation In so far as the trustees are aware.. There 15 no relevant audit inforniation of which the charitable company's auditors are unaware- and ihe Irusiees have taken all steps Ihal they ought lo have taken to make th¢ms¢lv¢s aware of any r¢l¢vant audit Anfornialion and io establish thai the auditors are aware of thai infomialion. The trustees are responsible for keeping accounting records which disclose wilh reasonable accuracy ai any time ihe financial position of the charily and enable them to ensure thai the financial siaiemenis comply with the Charities Acl 1993. They are also responsible for safe- guarding the assets of the charity and hence for iaking reasonable Sleps for the prevention of and detection of fraud and other irregularities. Page 12
THE GREAT DIXTER CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Report of the trustees, inco directors, on.......11./? . rating a Stregi¢ report, approved by order of the board of trustees. as the company zl............... and signed on the board's behalf by.. MrGDyer- Page 13
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF THE GREAT DIXTER CHARITABLE TRUST Opinion We have audiied the financial sialements of The Great Dixter Charitable Trust (the 'charitsble company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statemenl of Cash Flows and noies io the financial statements, including a summary of significani accounting policies. The financial reporting framework that has been applied in their prepardtion is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Siandard applicable in Ihe UK and Republic of Ireland,. In our opinion the financial statements.. give a true and fair view of the siale of the charilable company's affairs as ai 31 March 2025 and of ils incoming TesouTces and applicaiion of resources, including ils income and expenditUTe, for Ihe year then ended. have been properly prepared in accordance with United Kingdom Generally Accep(ed Accounllng Practice, including Financial Reporting Standard 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland," and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance wilh International Siandards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibililics under Ihose standards are further des¢rAbed in the Auditor responsibilities for the audil of the finaneial statements seciion of our report. We are independeni of the Charitable company in accordance with the ethical requirements thai are relevanl lo our audit of the fmancial statements in the UK, including the FRC'S Elhical Slandard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe thal 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 irustees, use of the going concern basis of accounting in the preparation of the financial siaiements is appropriaie. Based on the work we have perforn)ed, we have not identified any material uncertainties relating lo events or conditions thai, individually or colleciively, may ¢asl significant doubi on Ihe charitable company's ability 10 colliinue as a goin8 concern for a period of al leasl Iw¢lv¢ monihs from when the fjnancial statements are aulhorised for issue. Our responsibilities and the responsibililies of the trustees with respect io going ¢oncern are described in the relcvanl sections of this report. Other information The trustees are responsible for the other infomalion. The other inforniation comprises Ihe inforniaiion included in the Annual Report, oiher than the financial statements and our Report of Ihe Independent Auditor thereon. Our opinion on the financial statemenis does not cover the other infomiation and, excepl lo the exlenl othenvise explicilly slated in our report, we do not express any forni of assurance conclusion Ihereon. In connection wilh our audit of the financial statements, our responsibility is to read the other inforniation and, in doing so, consider whether the other infom]alion is materially inconsistent with ihe financial slaiements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsisiencies or apparent material misstatements, w¢ are required lo d¢l¢miine whether this gives rise lo a material misstatemenl in the financial statements themselves. If, based on the work we have perfornicd, we Conclude that there is a material misstatement of this other inforniation, we are required lo report thai fact. We have nothing io report in Ihis regard. Opinion$ on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infornialion given in the Report of the Trustees for the financial year for which the financial statements are prepared is consislenl with the flnancial stalemenls. and the Report of the Twstees has been prepared in accordance with applicable legal requirements. Page 14
REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF THE CREAT DIXTER CHAIUT ABLE TRUST Matters on which Ive are required to report by exception In the light of the knowledge and understsnding of the Charitable company and its environment obiain¢d in the course of the audil, we have noi identified material misslalements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Aci 2006 requires us lo report lo you if, in our opinion.. dequale accounling records have not been kepl or returns adequate for our audii have noi been received fTom branches noi visiied by us- or the financial statemenis are not in agreement with the accounting records and returns. or certain disclosures of tNslees' remunernlion specified by law are not made- or we have not received all the infomiatlon and explanations we require for our audit. Responslb11511e$ of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charilable company for the purposes of company law) are responsible for ihe preparation of the financial statements and for being salisfied thai Ihcy give a Inje and fair view, and for such internal control as ihe trustees delennine is necessary lo enable the preparation of fmancial siaiements thai are free from malerial misstatemeni, whether due lo fraud or error. In preparing the financial statements, the trusiees are responsible for assessing the charitable company's ability 10 conlinue as a going concern, disclosing, as applicable, matters relaled 10 going concern and using the going concern basis of accounling unless the trustees eiiher intend to liquidate the charitable company or to rease operations, or have no realistic aliernalive but to do so. Our responsibiiiiles for the audlt of the financlal statements Our objectives are lo obtain reasonable as5uran¢e about wheiher the financial slalemenls as a whole are free from malerial misslalemenl, whether due lo fraud or error, and to issue a Report of the Independent Auditor that ineludes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audil conducted in accordance with ISAS (UK) will always detect a material misstaiemeni when li cxisis. Misstatemenls can arise from fraud or error and are considered maierial if, individually or in the aggregale, they could reasonably be expected ¢0 influence the economic decisions of users thken on the basis of these financial statements. IegUlaritIes, including fraud, are insiances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misslalements in respect of irregularities. including fraud. The eAlenl lo which our procedures are capable of delecling irregularilics, including fraud is detailed below-. Discussion with management which included consideralion of known or suspected instances of non-compliance wilh laws and regulations and fraud Reviewing, evaluating and testing systems and controls lo assess their effectiveness lo preveni and detetted irregularities Identifying, reviewing and testing journal enlries Challenging assumptions and judgements made by managemenl in respecl of significant accounting estimates Reviewing minutes of board meetings for known or suspected instances of non-compliance willi laws and regulations and fraud There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulalions is from that events and transactions reflecied in the fmancial slalemenls, the Ics5 likely we would become aware of tl. Also, the risk of not dele¢ling a matertal misstaiemenl due 10 fraud is higher than the risk of not detecting one due lo error. as fraud may involve deliberale concealmeni by, for example, forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities for ihe audit of the financial Slalemenls is located on the Financial Reporting Council's website at www.frc.org.uklaudiloTsresponsibilities. This descriplion forn]s part of ow Report of the Independent Audilor. Page 15
REPORT OF THE INDEPEIYDENT AUDITOR TO THE MEMBERS OF THE GREAT DIXTER CHARITABLE TRUST 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 Aot 2006. Our audit work has been undertaken so ihal we might state 10 the charitable company's members those mallers we are required to SLqie io them in an auditoes report and for no other purpose. To the fullesi extent perniitied by law, we do not accepl or assume responsibility lo anyone other than the charitable company and the charitsble company's members as a body, for our audit work, for this rq)ort, or for the opinions we have fornied. Daniel Sallows FCA (Senior Siatutory Auditor) for and on behalf of GMP Audit Ltd 82 High Street Tenlerden Kent TN30 6JG Dale.. l ...Q.G&.b.4r.... 20 2 S Pag¢ 16
THE CREAT DIXTER CHARIT ABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds UDres¢rictedRestricttd funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 715,227 6,J22 721,349 442,624 Charitable aetivities Admissions income S07,57S 507,575 449,860 Projects 226JlS 226J15 131,102 Charitable activities 23,000 23,000 87,528 Olhcr trading activities Investhient income Other income I,J38,982 25,944 1,138,982 26,923 1,087.006 22,441 979 Total 2 410 728 233 416 2 220 $63 EXPENDITURE ON Raising funds Oiher Trading Aclivilies Raising Donaiions And Legacies 876,751 3,779 880,530 788,841 937,262 3,779 941,041 842,289 Charitable actlvities Projects 161,771 161,771 377,991 Charitable activities 1,274,529 10,087 ,284,616 920,174 Governance Total 2 239 822 175637 2 415 459 2 166601 Net gainsl(losses) on invcstments NET INCOME 162,669 57,779 220,448 80,453 RECONCILIATION OF FUNDS Total funds brought forward 3,545,161 5,155,052 8,700,213 8,619,760 The notes forni part of these financial statements Page 17
THE GREAT DIXTER CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Tolal funds UnreslrlcledRestrleted funds funds Notes TOTAL FUIYDS CARRIED FORWARD 3 707 830 5 212 831 8 920 661 8 700 213 The notes forn] part of these financial statements Page 18
THE GREA T DIXTER CHARJTABLE TRUST STA TEMENT OF FINANCJAL POSITION 31 MARCH 2025 202S 2024 Notes FIXED ASSETS Tangible assels Heritage assets Investments 17 18 19 398,69] 7,008,008 418 204 403.564 7,008.008 228 526 7,824,903 7,640,098 CURRENT ASSETS Stocks Debtors.. amounts falling due within one year Cash at bank and in hand 20 21 151,577 33,167 1 172 224 148,266 3,389 1 181890 1,356,968 1,333,545 CREDITORS Amounts falling due within one year 22 {261,210) {273.430) NET CURRENT ASSETS 109S 758 060115 TOTAL ASSETS LESS CURRENT LIABILITIES 8,920,661 8,700,213 NET ASSETS 8 920 661 8700213 The notes fomi part of these financial statements Page 19 continued...
THE GREAT DIXTER CHAIUTABLE TRUST STATEMENT OF FINANCIAL POSITION- continued 31 MARCH 2025 2025 2024 Notes 24 FUNDS Unrestricted funds.. Genernl fijnd Capitalised Funds Christo's Fund Angel Fund Arcadia Fund Veg Wages Fund FG 25 Year Fund Project 2023 Appeal Major Repairs loo,000 2,505.902 342,418 411J53 83 J33 467 47,765 22,640 193 952 i 00,000 2,505,902 346.621 415.258 83,333 769 4i.740 49.538 3 707 830 3 545 161 Re5tricled funds: Meadow Project Fund Gardeners Fund Christopher Lloyd Travel Bursary Christopher Lloyd Scholarship US Scholarship Fund Bio Diversity Fund Richard & Brenda Young Fund Projects Fund Caiger-smith Collection Fund- Capitalised Borun Scholarship Fund Capitalised Funds 1,900 6,617 11,783 2,446 13,088 30,004 2J52 297,585 48,000 21,021 4 776 935 ,655 6,355 15,061 ,468 13,688 31.197 2.852 383,591 48,000 21,021 4630 164 5 212 831 5 155052 TOTAL FUNDS 8 920 661 8 700213 The finan ial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. st Mr J French - Trustee The notes form part of these financial statements Page 20
THE GREAT DJXTER CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Noles Cash noivs from operating aetivities Cash generdted from operations 197 051 161,723 Nei cash provided by operdting activities 197 051 161723 Cash flows from investing activitie$ Purchase of tsngible fixed a55ets PuT¢hase of herithge assets Purchase of fixed assel investments Sale of tangible fed assets Sale of fixed asset investments Interest Income (13,793) (28,993) (10,178) (ioo,000) (200,000) 4,991 2,085 Nel cash used in investing aciivilies 206 7J7) 116 731) Change sn egsh and eash equlvalents In the reportlng perlod Cash and cash equlvalents ai the beglnnlng of the reportlng perlod (9,666) 44,992 1181890 1 136898 Cash and Cash equivalenls at the end of the reportlng period 1172 224 1 181890 The notes forni part of these financial statements Page21
THE GREAT DixfER CHARIT ABLE TRUST NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATJNG ACTIVITIES 2025 2024 Nel income for the reporting perlod (as per the Statement of Flnancial Activities) Adjustments for: Depreciation charges LOsSe(gain) on investh)ents Profil on disposal of fixed assels Interest income Increase in stocks (Increaseyde¢rease in debiors (Decreasc)/increase in creditors 220,448 80,453 15,054 8,237 (1,379) 25,186 (26,491) (22,440) (4,092) 67,985 (3,31]) (29.778) 12 220) Net cash provided by operations J97 051 161723 ANALYSIS OF CHANCES IN IYET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash al bank and in hand J 181890 1172 224 l J8J 890 J J72 224 Total 1181890 J 172 224 The notes fomi part of these financial slatemenls Page 22
THE GREAT DIXTER CHARIT ABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTINC POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements have been prepared in accordanoe with Accounting and Reporting by Charilie5'. Statement of Recommended Praclice applicable to charilies preparing their accounls in accordance wilh the Financial Reponing Standard applicable in the UK and Republic of Ireland FRS 102 which bccame effcclive on I st January 2015, and the Companies Act 2006. The Great Dixter trust meets the definition of a public benefil entity under FRS 102. Assets and liabilities are inilially recogni5ed at historical cost or transaction value unless otherwise stated in the relevani accounting policy note. The Great Dixler Charitable Trusi is a charitable company limited by guarantee and incorporated in England and Wales. In the event of the charity being wound up. The liabillty in respect of Ihe guarantee is limited to £1 per member of the charity. The address of the regisiered office is given in the charity infonnation appended to these financial s¢a¢emenlS. INCOME All income, including capital or revenue grants, is re¢ognised when the charity has enlillement to the funds and any perfomjance conditions have been mel, il is probable thai the income will be received and the amount can be measured reliably. Income received in advance of a symposium or study lecture is defeThed until the criteria for income recognition are met, see note 18. For legaries, enliilemeni is Ihe earlier of the charity being notified of an impending distribution or the legacy being received. Ai ihis point income is recognised. On occasion legacies will be notified lo the charity however il is not possible lo measure the amount expected 10 be distributed. On these occasions, the legacy is treated as a coniingent assei and disclosed. EXPEIYDITURE AND IRRECOVERABLE VAT Liabilities are recognised a5 expenditure as soon as there is a legal or constructive obligation comrnilling the charity lo Ihat expenditure, it is probable tliai & transfer of economic benefits will be required in seiilemenl and the amounl of the obligation Can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly atlribuied 10 particular h¢adings Ihey have been allocai¢d to activili¢s on a basis consist¢nl with the use of resources. The Charity is registered for VAT and all figures are nel of VAT where applicable. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ALLOCATION OF SUPPORT COSTS Support cosis are those functions ihal assist ihe work of Ihe chariiy bul do not directly undertake charitable acliviiies, Support cosis include back office costs, finance, personnel, payroll and governance cosis which support the Trusts activities. These costs have been allocated between business Costs, governance and fundraising. TANGIBLE FIXED ASSETS The Great Dixter estate is situated in East Sussex, occupying 72 acres of countryside. Page 23 ¢onlinued...
THE GREAT DtXTER CHAIUT ABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued TANGIBLE FIXED ASSETS The main House dales back to the mid-15th century but il was restored and enlarged by the rebuilding of a 16th cenNry yeoman's house dismaniled and moved in 1910. together with the Lutyens's designed extension added during 1910-12. The house is complimented by its fornier farni buildings, including the Oasthouse, Great Barn and North Barn. These three buildings, together with lesser ones, provide a backdrop to the gardens that altraei visitors from all over the UK and around the world. The house and gardens are open to the public from April to October and an admission enty fee is charged. Regular educational and Iraining activities are provided and visitors can enjoy regular guided lours of the house and lis Collection. Wiihin the house, there are house contents, mainly incorporating furniture and works of art which are also intended for public viewing. Grcal Dixier House and Gardens, iogether with House Contents are considered as Heritage Assets. These are used by the trust in its operations and are therefore acKounted for as operational assets in occordance with Sec 34 of FRSIO2. Tangible Fixed Assets are slated as cosl less accumulated deprecialion. Deprecialion is calculated $0 as lo write off the cost of an assel, less its esiimated residual value over (he useful economic life of thai assei as follows.. Plani & Machinery Moior Vehicles Infornialion Technology Greenhouses 15 /tr reducing balance basis 250/0 reducing balance basis straighi line over 4 years straight line over 10 years The house and conlenls are deemcd to have indeleTminate lives and the Trustees do nol therefore consider it appropriate lo charge deprecialion. The grecnhouses were originally purchased for £53,237 and depre¢i8led over 10 years using the slraighi line method and there is no remaining useful life. HEIUTAGE ASSETS MANAGEMENT POLICY Christopher Lloyd, who died in 2006, established the Great Dixler Charitable Trust in 2004 to lake charge afier his death of managing, enhancing, developing and maintaining the long-tem) heriiagc of Greal Dixler. The TNSI is committed to mainlaining ihe house, gardens and buildings as a centre for innovative horticulture and planlsmanship. li is the Trust's policy to mainlain the house and maintenance costs arc charged lo the Income and Expenditure account when incurred. Heriiage Lottery Funding was received towards renovation of the north face of ihe house, the purchase of Dixler Farn) and the consolidation of tl)e House and Barn buildings. Costs relaling to the renovalion have been capitalised. STOCKS Stock is included ai the lower of cost or nel realisable value TAXATION The charity is exempt from con)oration tax on its ¢haritable activities. Page 24 continued...
THE GREAT DIXTER CHAIUTABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - eonllnued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued FUND ACCOUNTING Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trusiees have decided al their discretion lo sel aside for a particular purpose. Restrictd funds are donations which the donor has spccified are to be solely used for particular areas of the Trust's work or projects being undertaken by the Trust FOREIGN CURRENCIES Assets and liabilities in forei8n currencies are translated inio sterling ai the rates of exchange ruling at the statement of financial posillon date. Transactions in forelgn CuencieS are translated into sierling ai the ra of exchange Nling ai the dale of transaction. Exchange dtfferences are taken into account in arriving at the operdlin8 result. PENSIONS The charity operates a defined contribution pension scheme. Any conlribulions payable to the scheme are charged to Ihe SOFA in the period to which they relate. OTHER ACCOUNTING POLICIES INTEREST RECEIVABLE Inlerest on funds held on deposit is included when receivable ond the amount can be measured reliably by the charity. this is nonnally on noiification of the intercsl paid or payable by the bank. INVESTMENTS The charity have invested funds not needed as working capital in COIF to protect the amount from depreciaiion and also generaie a return on the charity funds. The investment is slaied al fair value. DEBTORS Trade and other debiors are recognised at the s¢iilemenl amount due after any Irade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. CASH AT BANK AND IN HAND Cash al bank and cash in hand includes cash and short-terni bank accounts. CREDITORS AND PROVISIONS Credilors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the Iransfer of funds lo a third party and the amount due lo settle the obligation can be measured or estimated reliably. Creditors and provisions are nornially re¢o8nised al their seiilemenl amount after allowing for any trade discounts du¢. LEGAL STATUS OF THE TRUST The Ttusi is a charitable company Iimiled by guarantee and has no share capital. In the evenl of windin8 up the members are liable to make a contribution not exceeding £1 per member. Page 25 continued...
THE GREAT DIXTER CHARITABLE TRUST NOTES TO THE FINANCIAL ST ATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 DONATIONS AND LEGACIES 2025 Total funds 2024 Total funds Unrestrieted funds Restricted funds Donations and legacies Gifi aid 673J16 6,122 679.438 396,019 7JS 227 721 442 624 OTHER TRADING ACTIVITIES 2025 Total funds 2024 Total funds Unrestricted funds Restri¢led fund$ Nursery income Merchandise income Loggia income Other business income Rental Royalties 213,985 217,786 298,721 384,541 20,687 213,985 2J 7,786 298,721 384,541 20,687 206,049 201,894 280,405 376,206 17,006 1138 982 1138 982 1087 006 INVESTMEi¥T INCOME 2025 Total fund5 2024 Total funds Unre$tri¢¢ed funds Restricted funds Interest 979 Page 26 continued...
THE GREAT DIXTER CHARJTABLE TRUST NOTES TO THE Flly ANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTIVITIES 2025 Total a¢tivitie$ 2024 Total a¢liviti¢$ Admissions income Charitable actiyilies Projeets Admissions income ProjeGIS S07,575 507,575 249 449,860 218 630 226 315 507 575 226 756 890 668 490 OTHER INCOME 2025 Total funds 2024 Total fund$ Unrestrltted funds Restrlcted funds Other income OTHER TRADJNG ACTIVITIES 2025 Totil funds 2024 Total funds Unrestrieled funds Restrleted funds Staff costs Nursery costs of sale Merchandise c051S of sale Loggia cosis of sale Direci costs of oiher activity Volunteer expenses Training Light, heat and water Insurance Health insurance Telephone and internei Postage and 51alionery Compuler cosis Motor expenses Travel expenses Subscriptions Accountancy Legal and professional Bank charges and interest Card Iransaclion fees Sundry expenses Health and safety Deprecialton 255,029 60,2J3 92,117 159,613 103,425 lJ41 J83 66,581 9,441 3,996 6,842 9,576 29,419 6,444 3,209 677 8,480 27,631 2,742 12,238 3,496 4,142 255,029 60,233 92,117 159,613 103,425 lJ41 183 66,581 9,441 3.996 6.842 9,576 29,419 6,444 3,209 677 8,480 27,631 2,742 12,238 3,496 4,142 208,489 49,196 98,496 122,299 107,996 1,371 309 51,618 11,396 3,662 5.258 9.885 46,950 4,189 .162 ,168 9.120 11,606 ,731 14,084 ,255 2,415 Carried forward 878,130 3,779 881,909 788,841 Page 27 ontinued...
THE GREAT DIXTER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 OTHER TRADING ACTIVITIES - continued 2025 Total funds 2024 Total funds Unrestrlcted funds Restricted funds Brought forward Loss on sale of assets 878,130 3,779 881,909 788,841 876 751 880 530 788 841 RAISING DONATIONS AND LEGACIES 2025 TolAI funds 2024 Total funds Unrestr5cted funds Restrleled funds Staff costs CHARITABLE ACTIVITIES COSTS Direet Costs (See note JO) Support costs (see nole 11) Totals PrOjIS 161,771 161,771 Charitable aclivilies 1,284,616 1,284,616 Governance 1474 418 Page 28 continued...
THE GREAT DIXTER CHAIUTABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 Jo. DtRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Staff costs Repairs and renewals Cleaning and laundry Volunteer expenses Food and hospitality Project cosiings Conservation Fundraising Bank Charges Card transaction fees Light, heal and water Rates Advertising Health and safety Insurance 962,101 155,917 3,105 6,008 JO,033 217.742 5,245 14,233 1,703 12,238 866,257 105,751 2,556 7,729 5.344 219.468 2,103 11.138 2,403 14,084 i! 12,549 11,141 13,560 4,142 13.509 7.840 16,989 2,415 1298 165 SUPPORT COSTS Governance costs Governance Support cosis, included in the above, are as follows.. GOVERNANCE COSTS 2025 2024 Total ctivities Governance Audiiors, remuneration Bank charges Trustee Jnsurance Wages and salaries 6,250 558 2,212 5.673 426 2,212 Page 29 continued...
THE GREAT DIXTER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 12. NET INCOMEI(EXPENDITURE) The surplus of income over expenditure is staled after charging: 2025 2024 Depreciation of tangible fixed assets owned by the charity Audit fees 14.729 6,250 25,186 13. TRUSTEES, REMUNERATION AND BENEFITS The ¢harily trustees wer¢ not paid or received any other benefils from employmenl with the Trusi in ihe year (2024- nil). TRUSTEES, EXPENSES The trustees were not reimbursed expcnses during the year (2024: Nil) KEY MANACEMENT PERSONNEL REMUNERATION AND EXPEIYSES One employee received iotal employee benefils (excluding pension contribulions) of more than £60,000. 2025 ,186,080 131,752 23,428 103,321 2024 979,127 149,982 30,554 85,630 Salaries Key Managemen( Personnel Employer Pension Social securily and other tax 444 581 245 293 14. STAFF NUMBERS The average monthly head couni was 74 staff (2024.. 63 staffj and the average number of full lime equivalent employees, including casual and part-tim¢ staff during the year w¢r¢ as follows.. 2025 62 2024 51 Business activities Fundraising Governance 65 54 Page 30 Continued...
THE GREAT DIXTER CHARJTABLE TRUST NOTES TO THE FINAIYCIAL ST ATEMENTS- tonlinued FOR THE YEAR ENDED 31 MARCH 2025 15. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrestrictedRestrieted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 414,169 28,455 442,624 Charitable activities Admissions income 449,860 449,860 Projects 131,102 131.102 Charitable activilies 87,528 87,528 Other trading activities Investmenl income Other income 1,087,006 22,440 1,087,006 22,441 Total 2 061005 159 558 2 220 563 EXPENDITURE ON Raising funds Other Trading Aciiviiies Raising Donations And Legacies 776,447 12,394 788,841 829,895 12,394 842,289 Charitable actlviti¢$ Projects 219,347 158,644 377,991 Charitsble activities 897,093 23,081 920,174 Governance Total 972 482 194 119 2 166601 Net gains on investments NET INCOMEI(EXPENDITURE) 115,014 (34,561) 80,453 RECONCILIATJON OF FUNDS Total funds brought forward 3,430,147 5,189,613 8,619,760 Pag¢31 continued...
THE GREAT DIXTER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2025 15. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - tontinued UnrestrictedRestri¢ted funds funds Total funds TOTAL FUNDS CARRIED FORWARD 3 545 161 5 155052 8.700,213 16. FUNDS Unrestricted Funds Christo's Fund: A fvnd allocated by the trustees lo even oul the variations caused by the vagaries of the weather and other nornial events crealed from surpluses in the good years. Angel Fund.. Gifts from generous benefaclors allocaled to special projects by the trustees. Arcadia Fund.. Funds donated annually to suppon biodiversity and education projects for Ihe year ahead. Veg wages Fund.. Donations allocated to support apprentices and additional help in the vegetable garden. FG 25 Year Fund: Donations allocated 10 prOJtS close to Chief Cxcculive's heart as a result of his 25 years of service. Capilalised fund.. Funds donated for the capiial element of projects. Project 2023 Appeal: Unreslricled funds for any requirement. Major repairs: Large repairs lo house and estate. Restricted Funds Meadow Project Fund- Donations given specifically for meadow work Gardeners Fund.. Donations given specifically toward the gardeners Christopher Lloyd Travel Bursary . Funds given for studeni travel and Sdent projects Christopher Lloyd scholarship.. Funds reserved specifjcally for the UK Chrisiopher Lloyd scholarship US Scholarship Fund.. Funds reserved specifically for Ihe North American Christopher Lloyd scholar Biodiversity Fund.. Funds given specifically towards biodiversiiy projects Richard and Brenda Young Fund.. Fund donated by neighbours specifically to go towards ihe house Projects Fund: Various project funds including Silk Route Projcci Caiger Smith Collection Fund: Pottery colleciion donaied io be on show in the house Borun Scholarship Fund.. Donation by Dr Raymond Borun in memory of his late wife for a student scholarship Capilalised funds . Funds. donated for the capital element of specific projects. Page 32 continued...
THE GREAT DIXTER CHARITABLE TRUST NOTES TO THE FINANCJAL STATEMENTS - conlinued FOR THE YEAR ENDED 31 MARCH 2025 17. TANGJBLE FIXED ASSETS Freehold property Plant and maehinery Motor vehicles Information Technology Totals Cost Ai l April 2024 Additions Disposals 320,978 195,584 12,086 19,515 200 85,754 1,507 621,831 13,793 Ai 31 March 2025 320 978 202 670 630 624 Depreclatlon Al l April 2024 Charge for year Eliminated on disposal 118,937 13,310 14,884 J,208 84,446 536 2J8,267 J5.054 Ai 31 March 2025 J30 859 231933 Net book value Ai 31 March 2025 320 978 398 691 Al 31 March 2024 320 978 18. HERJTAGE ASSETS Total Markel value Ai l April 2024 and 31 March 2025 7 061246 Provlslons At l April 2024 and 31 March 2025 Nel book value At 31 March 2025 7 008 008 At 31 March 2024 7 008 008 2025 2024 10,177 2023 53,765 2022 40,462 2021 31,320 Cost of acquisition Impaim)enl recognised Heritage assets held are The Greai Dixier house and gardens which date back io the 15th Cenry, the contents of the house include furnilure dating back to the 17th century. Dixler farn) coniains a number of hisloric buildings converted by the Trnst to provide educalion facilities for students Valuatlon A 25160th proportion of the house was acquired from the Estate of the late Christopher Lloyd al probate value. The remaining balance of 35160th is recorded at cost being the amount paid in 200912010. A subsequent valualion of this share was undertaken to support the above values. Page 33 continued...
THE GREAT DIXTER CHAIUTABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 202S J8. HERITAGE ASSETS- eontlnued Legal Charge The Trustees of the Naiional Heritage Memorial Fund hold a legal charge over the Greai Dixier House, Land & Buildings. 19. FIXED ASSET INVESTMENTS Lisled Investments Market value At l April 2024 Additions Revaluations 228,526 200,000 10 322) At 31 March 2025 Net book value Al 31 March 2025 At 31 March 2024 228 526 There were no investment assets outside the UK. Cosi or valuaiion ai 31 March 2025 is represented by.. ListÈd Investments Valuation in 2023 Valuation in 2024 Valuaiion in 2025 Cosl 2,035 26,491 (10,322) 400 000 4J8 204 20. STOCKS 2025 2024 Merchandise Loggia Nursery 66,074 4.911 71,267 15] 577 148 266 Page 34 continued...
THE GREAT DIXTER CHARITABLE TRUST NOTES TO THE FIIYANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 21. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debiors VAT Prepayments and accrued income 2,509 10,023 2,226 22. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade Creditors PAYEtNIC Control Pcnsion Control VAT Accruals and deferred income Accrued expenses 27,538 551 4,439 38,978 505 4,400 6,539 210,013 2JSJJ7 J3 261210 273 430 Income has been deferred as il relaies 10 money received during Ihe financial year for mailers oCcu1ng after Ihe year cnd. These maller5 includ¢ educational days, Zoom syinp05iums, in person symposiums and donalions for Centenary friends that relate lo a number of years. During Ihe year the total money received that has been deferred amounied lo £167,151 (2024-. £112,675). Of ihe deferred income brought forward, £54,476 has been released to income during this financial year. 23. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total funds 2024 Total funds UnrestrictedR¢stricted funds funds Fixed assets Investm¢nlS Current assets Current liabilities 2,581,765 418,204 969,071 261210) 4,824,934 7,406,699 418,204 Ja56,968 7,411,572 228,526 ,333,545 387,897 3 707 830 5 212 831 8 920 661 8700213 Page 35 ontinued...
THE GREAT DIXTER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2025 24. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.25 At 1.4.24 Unregtrl¢¢ed funds General fund Capitalised Funds Christo's Fund Angel Fund Arcadia Fund Veg Wages Fund FG 25 Year Fund Projeci 2023 Appeal Major Repairs loo,000 2,505,902 346,62] 415,258 83,333 769 43,740 49,538 193,952 {193,952) loo,000 2,505,902 342,418 411,353 83,333 467 47,765 22.640 193 952 (4,203) (3,90S) (302) 4,025 (26,898) 193 952 3,545,161 162,669 3,707,830 Restricted funds Meadow Project Fund Gardeners Fund Chrislopher Lloyd Travel Bursary Christopher Lloyd Scholarship US Scholarship Fund Bio Diversity Fund Richard & Brenda Young Fund Projects Fund Caiger-smiih Collection Fund - Capitslised Borun Scholarship Fund Capilalised Funds 1,655 6,3S5 15,061 1,468 13,688 31,197 2,852 383,591 245 262 (3,278) 978 1,900 6,617 11,783 2,446 13,688 30,004 2,852 297,585 (1,193) 64,544 (150,550) 48,000 21,021 4 630 164 48,000 21,021 4 776 935 J50550 5 155 052 5 212 831 TOTAL FUNDS 8 700 213 220 448 8 920 661 Page 36 continued...
THE GREAT DIXTER CHAIUT ABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 24. MOVEMENT IN FUNDS - COD¢inued Net movement in funds, included in the above are as follows: Ineoming resourees Resourees expended Galns and losses Movement in funds Unrestrieted funds General fund Christo's Fund Angel Fund Veg Wages Fund. FG 25 Year Fund Project 2023 Appeal 2,387,085 123 (2,193,133) 193,9S2 (4,203) (3,905) (302) 4,025 26 898) (4J26) {3,9111 515 22,999 (817) (18,974) 26 898) 2,410,728 (2,239,822) (8,237) 162,669 Restricted funds Meadow Project Fund Gardeners Fund Chrisiopher Lloyd Travel Bursary Chrisiopher Lloyd Scholarship Bio Diversity Fund Projects Fund Capitslised Funds 245 262 3,465 978 2,151 226J15 245 262 (3,278) 978 {1,193) 64,544 (6,743) (3,344) (J61,771) 233 416 175 637 TOTAL FUNDS 2 644 144 2415459) 237) 220 448 Pag¢ 37 continued...
THE GREAT DIXTER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 24. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement In fund5 Transfers between funds At 31.3.24 At 1.4.23 Unrestrlcted funds Genernl fund Capitalised Funds Chrisio's Fund Angel Fund Arcadia Fund Veg Wages Fund FG 25 Year Fund Projecl 2023 Appeal 100.000 2,505,902 329,265 381,042 83,333 330 30,275 3,543 {3,543) 100,000 2,505.902 346,621 415,258 83,333 769 43,740 13,813 34,216 3,543 439 13,465 3,430,147 15,014 3,545,161 Restrlcted funds Meadow Projeci Fund Gardeners Fund Chrisiopher Lloyd Travel Bursary Christopher Lloyd Scholarship US Scholarship Fund Bio Diversity Fund Richard & Brenda Young Fund Proj1$ Fund Caigcr-smith Colleciion Fund - Capiialised Borun Scholarship Fund Capitalised Funds 1,069 5,635 14,197 568 13,688 28,891 2,852 421,661 586 720 864 900 1,655 6,355 15.061 1,468 13,688 31,197 2,852 383,591 2,306 (38,070) 48,000 21,021 4 632031 48,OLN) 21,021 4 630 164 5 189613 34 561) 5 155 052 TOTAL FUNDS 8 619 760 8 700 213 Page 38 continued...
THE GREA T DIXTER CHARITABLE TRUST NOTES TO THE FJNANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2025 24. MOVEMENT IN FUNDS- continued Comparaiive net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestrieted funds General fund Chri510'5 Fund Angel Fund Veg Wages Fund FG 25 Year Fund Project 2023 Appeal ,951,103 13,813 7,725 836 31,880 (1,947,560) 3,543 13,813 34,216 439 13,465 26,491 (397) (18,415) 2,061,005 (1,972,482) 26,491 15,014 Restrleted funds Meadow Project Fund Gardeners Fund Chrislopher Lloyd Travel Bursary ChTisiopher Lloyd Scholarship Bio Diversity Fund Projects Fund Capithlised Funds 650 720 6,230 900 19,957 (64) 586 720 864 900 2,306 (38,070) (5,366) (17,651) (169,171) 159 558 194 119 TOTAL FUNDS 2 220 563 2 166 601) Page 39 ntinued...
THE GREAT DIXTER CHAIUTABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2025 24. MOVEMENT IN FUNDS - continued A currenl year 12 months and prior year 12 months ¢ombined position is as follows: Net movement in funds Transfers between funds At 31.3.25 At 1.4.23 Unrestricted funds General fund Capilalised Funds Christo's Fund Angel Fund Arcadia Fund Veg Wages Fund FG 25 Year Fund Projeci 2023 Appeal Major Repairs i 00,000 2,505,902 329,265 381,042 83,333 330 30,275 197,495 (197,495) i 00,000 2,505,902 342,418 411,353 83,333 467 47,765 22,640 193 952 9,610 30,311 3,543 137 17,490 22,640 193 952 3,430,147 277,683 3,707,830 Restricted funds Meadow Project Fund Gardeners Fund Chrisiopher Lloyd Travel Bursary Chnslopher Lloyd Scholarship US Scholarship Fund Bio Diversily Fund Richard & Brenda Young Fund Projects Fund Caiger-smith Collection Fund- Capitalised Borun Scholarship Fund Capitalised Funds 1,069 5,635 14,197 568 13,688 28,891 2.852 421,661 831 982 (2,414) 1,878 1,900 6,617 11,783 2,446 13,688 30,004 2,852 297,585 26,474 (150,550) 48,000 21.021 4 632 031 48,000 21,021 4 776 935 150 550 5 189613 5212831 TOTAL FUJYDS 8 619 760 300 901 8 920 661 Page 40 ontinued...
THE GREAT DIXTER CHAIUTABLE TRUST NOTES TO THE FtNANCIAL STA TEMENTS - eontlnued FOR THE YEAR ENDED 31 MARCH 2025 24. MOVEMENT IN FUNDS - continued A current year 12 monihs and prior year 12 months combined net movement in funds, included in the above are as follows; Incoming resourees Resources expended Galns and losses Movement in fund5 Unrestricted funds General fund Chn'sto's Fund Angel Fund Veg Wages Fund FG 25 Year Fund Project 2023 Appeal 4,338,188 13,936 7,731 1,351 54,879 (4,140,693) 197,495 9,610 30,311 137 17,490 (4,326) 22,580 (1,214) (37,389) 33 008) 4,471,733 (4,212,304) 18,254 277,683 Restricted funds Meadow Proje¢l Fund Gardeners Fund Chnsiopher Lloyd Travel Bursary Christopher Lloyd Scholarship Bio Diversity Fund Projecls Fund Capiialised Funds 895 982 9,695 1,878 22,108 357,416 (64) 831 982 (2,414) 1,878 1,113 26,474 {12,109) (20,995> (330,942) 392 974 369 756 TOTAL FUNDS 4 864 707 4 582 060) 300901 25. RELATED PARTY DISCLOSURES The North American Friends of Great Dixier (NAFGD) is a chariiy sel up in the USA whose purpose is to support and promote the a¢livilies of GDCT in North America. GDCT and NAFGD have trustees in common. During (he course of the year GDCT received funds lotslling $276,290 (2024.. $220,220) to support their activities. 26. CORPORATION TAXATION As a chariiy, The Great Dixter Charitable Trnst is exempt from lax on income and gains falling within seciion 505 of the Taxes Act 1988 or s¢clion 252 of the Taxation of Char8eable Gains Aci 1992 10 the extent that these are applied to its charitable objects. No tax charges have arisen in the year. Page41 continued...
THE GREAT DIXTER CHAIUTABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2025 27. CONTINGENT ASSET During the year ending 2017, Ihe Trust has benefitted from a legacy which also included a futtjre benefil from a 213rd inieresl in a property that is currently held in trust for a life tenant. The probate value of the property was eslimaled at £500,000 during 2017. Page 42
THE GREAT DIXTER CHARITABLE TRUST DETAILED STATEMENT OF FJNANCIAL ACTJVITJES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total fund$ 2024 Total funds Unrestrlcled funds Restrlcled funds INCOME AND ENDOWMENTS Donations and legaeies Donalions and legacies Gift aid 673,316 6,122 679,438 396,019 715,227 6,122 721,349 442,624 Other trading activities Nursery income Merchandise income Loggia income Other business income Rental Royalties 213,985 217,786 298,721 384,541 20,687 213,985 217,786 298,721 384,$41 20,687 206,049 201,894 280,405 376,206 17,006 1,138,982 J,138,982 1,087,006 Investment income Interest 25,944 979 26,923 22,441 Charitable a¢tivities Admissions income Projects 507,$7S 507,575 249 226 3J5 15 449,860 218630 530,575 226JlS 756,890 668,490 Other Income Oiher income Total Incoming resources 2,4JO,728 233,4J6 2,644,J44 2.220,563 EXPENDITURE Olher Tradlng Actlvltles Wages Pensions Nursery costs ofsale M¢rchandise costs of sale Loggia costs of sale Direcl Cosis of other activity Carried forward 221,601 33,428 60,233 92.117 159,613 103,425 670,417 221,601 33,428 60,233 92,117 159,613 103,425 670,417 177,935 30,554 49,196 98,496 122.299 107,996 586,476 This page do¢s not form part of the statutory financial statements Page 43
THE GREAT DIXTER CHAIUTABLE TRUST DET AILED ST ATEMENT OF FINANCIAL ACTIVJTIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Tolal fund$ 2024 Total funds Unrestricted funds Reslrleted funds oiher Trading Actlvities Brought forward Volunteer expenses Trdining Lighi, heal and water InsuTanGe Health insurance Telephone and internel Postage and slationery Compulcr costs Motor expenses Travel expenses Subscriptions Accountancy Legal and professional Bank charges and interest Card iransaclion fees Sundry expenses Health and safety Plant and machinery Motor vehicles Computer equipment Loss on sale of iangible fjxed asseis 070,417 lJ41 J83 66,581 9,441 3,996 6,842 9,576 29,419 6,444 3,209 677 8,480 27,631 2,742 12,238 3,496 4,]42 9,531 1,208 536 670,417 lJ41 183 66,58] 9,441 3,996 6,842 9,576 29,419 6,444 3,209 677 8,480 27,631 2,742 12,238 3,496 4,142 13,310 1,208 S36 586,476 1,371 309 51,618 11,396 3,662 5,258 9,885 46,950 4,189 ,162 1,168 9,120 11,606 1,731 14,084 1,255 2,415 13,526 1,544 10,116 3,779 876,751 3,779 880,530 788,841 Raislng Donations And L¢gacles Wages and salaries 60,51J 60,511 53,448 Charltable actlvltles Wages Repairs and renewals Cleaning and laundry Voluntcer expenses Food and hospitality Project Coslings Conservation Fundraising Bank charges Card transaclion fees LiEhi, heat and water Rales Advertising Carried fomrd 962,101 155,917 3,J05 0,008 10,033 45,884 5,245 14,233 1,703 12,238 12,549 11,141 13,560 1,253,717 962,101 155,917 3,105 O,Of18 10,033 217,742 5,245 14,233 1,703 12,238 12,549 11,]41 13,S60 1,425,575 866.257 105,751 2,556 7,729 5,344 219,468 2,103 11,138 2.403 14.084 13,509 7,840 16,989 1,275,171 J7J,858 171,858 This page does not fonn part ofthe slatulory fjnancial stalemenls Page 44
THE GREAT DIXTER CHAIUTABLE TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted lunds Charltable attlvllles Brought forward Health and safety Insurance 1,253,717 4,142 171,858 1,425,575 4,142 ,275,171 2,415 1,274,529 17J,858 1,446,387 ,298,165 Support costs Governan¢e ¢osts Auditors, remuneration Bank charges Trustee Insurance Wages and salaries 6,250 558 2,212 6,2SO 558 2,212 5,675 426 2.212 Tothl resources expended 2 239 822 175 637 2 4J5459 2 166601 Nei Income before £aln$ and lo$se$ 170,906 57,779 228,685 53,962 Realised reeognised gains and losses Realised gainsl(losses) on fixed assei investments Net income 162 669 This page does noi fonn part of the statutory financial staiements Page 45