**REGISTERED COMPANY NUMBER: 07398115 (England and Wales) REGISTERED CHARITY NUMBER: 1141252**
## REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## FOR
## STONE LANE GARDENS
Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS
STONE LANE GARDENS
## CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|6|
|Independent Examiner's Report||7||
|Statement of Financial Activities||8||
|Balance Sheet|9|to|10|
|Notes to the Financial Statements|11|to|18|
|Detailed Statement of Financial Activities|19|to|20|
STONE LANE GARDENS
## REPORT OF THE TRUSTEES for the Year Ended 31 March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019).
The charity is a charitable company limited by guarantee and has no share capital and is governed by a memorandum and articles of association. In the event of a winding up the liability of the members is limited to £1 each. The entity is also a registered charity (RCN 1141252)
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
1. To advance the education of the public by the provision and maintenance of an arboretum containing national collections of Birch (Betula) and Alder (Alnus) and by researching Birch and Alder and associated organisms in order to share knowledge and increase the scientific understanding of the genera.
2. To promote the conservation, protection, and improvement of the physical environment, in particular by:
- a) Preserving rare and endangered species within the arboretum;
- b) Promoting the cultivation and distribution of Birch and Alder;
c) Preserving the Ashburner Arboretum for its merit as an example of innovative (naturalistic) and outstanding landscape design.
3. To advance education of the public in the understanding and appreciation of the arts and garden design by organising exhibitions and events.
## **Significant activities Arboretum**
We maintain the Arboretum by employing a full-time garden manager who is assisted by two self-employed part-time gardeners and by volunteers.
The collection is open to the public every day of the year, and educational material and interpretation is available on our web-site and in the garden itself. Information about our activities is provided via bi-annual newsletters to our "Friends" as well as through social media and local press.
Interpretation of the collection is done through re-usable guide books, labelling and interpretation panels, guided tours by our Garden Manager, illustrated talks to clubs, the "Friends" newsletter, through our web-site (www.stonelanegardens.com), and via social media.
Trees from our collection are propagated on site and sold to both private and public gardens.
Our Garden Manager is running a Mingrelian Birch conservation project in Georgia in partnership with the BGCI and we are propagating this species in our nursery.
## **Art Exhibitions**
With the easing of Covid-19 restrictions, the Charity ran its annual sculpture exhibition as usual from June to October, albeit in a slightly revised form. The exhibition serves to promote art to visitors, and there is also a productive cross-fertilisation between those who come primarily to see the arboretum and those who are mainly interested in the sculpture.
## **Tea Room**
This had its second season of operation in 2021, opening from April to October as close to seven days a week as staff availability permitted, and under the new management of Lorraine Coombes. The Tea Room continued to make a significant contribution to the Gardens, both financially and as a visitor facility providing a useful initial point of contact and information for people coming to here for the first time as well as offering locally sourced refreshments.
Page 1
STONE LANE GARDENS
REPORT OF THE TRUSTEES for the Year Ended 31 March 2022
## **OBJECTIVES AND ACTIVITIES Public benefit**
The Trustees are aware of the Charity Commission's guidance on public benefit by making the Arboretum and Gallery accessible to all.
Page 2
STONE LANE GARDENS
## REPORT OF THE TRUSTEES
## for the Year Ended 31 March 2022
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Again, easing of Covid restrictions in 2021 allowed the activities within the Gardens to return with new vigour. Under Nick Parker's expert guidance and tireless energy as curator, the Sculpture Exhibition ran again from June through to the end of October, though in a new form with all submitted works being on the theme of Regeneration. This year saw the introduction of the Ashburner prize (named in memory of the Gardens' founders Kenneth and June Ashburner), being awarded to the creator of the exhibition's most impressive work as judged by a panel of art experts and fellow artists. This year the £1000 prize went to Nicola Turner for her "This Mortal Coil".
In addition to a lot of promotional work from Sandy Lipo (Trustee) and Anna Imrie (volunteer), Nick also conducted no less than 100 private tours of the Exhibition to individuals and small groups of enthusiastic visitors.
Sales of sculptures topped seven thousand during the course of the exhibition, giving the Charity a useful £2346 in commissions.
Early in 2022, Nick also secured support for both the 2022 exhibition in general and the Ashburner prize in particular from the Cornish quarry company Caradon Granite, assuring continuity for the new format.
Another welcome return to the Gardens in 2021 came in the form of The 3 Inch Fools Theatre Company. The travelling troupe gave two quite different performances, one in July and one in August, and to enthusiastic audiences each time. With a total profit of only a little under £700, the financial reward to the Charity was not huge, but the publicity and PR benefits, of reminding people of our existence and of helping to make the Gardens a local cultural hub, are significant.
Early in October, the Gardens once again took part in the National Gardens Scheme, whereby for two days all visitor entry fees are donated to charity. This year we collected a shade over £520, about 10% up on last year.
The nursery has always been an important part of the Charity's income stream, especially during the winter months when visitor numbers are reduced, and this last financial year was exceptional, with a gross income of £20348, an approximate 40% increase on 2020-2021.
The Tea Room too continued to be a good contributor to Charity's finances. Though because of staffing costs it was not as as profitable as the previous year when staffed entirely by volunteers, it still brought in almost £8000, as well as adding the immeasurable benefits of simply being there. For there is no way of knowing how many visitors are drawn to the Gardens in the first place by the promise of tea and cake.
In the gardens, significant progress has been made with setting up the New Arboretum in Kenneth's Field and creating a wild flower meadow in June's Field helped by much advice and a generous grant from Plant Life. Most of the first phase of tree planting was completed, new paths mown and a grass amphi-theatre set out in the wild-flower meadow, positioned so that Peter Hunt will still be able to keep his bee hives safely on site, while his small flock of Jacob sheep, which are a great delight to visitors, will be restricted to grazing in Easter Wood between the car park and the main courtyard. Landscape designer Annabel Crowley has taken over from Duncan Rice in overseeing the project, working closely with Paul Bartlett, our Garden Manager, and the Trustees in refining the original concept plans to meet the Charity's changing requirements.
In partnership with the Swiss research laboratory Mycosolutions, the Gardens have begun trials of a possible treatment of Honey Fungus (so damaging to birch especially) though the use of another naturally occurring fungus, Trichoderma. By spreading this around the base of infected birch, the hope is that it will feed off and ultimately kills Honey Fungus without harming the trees themselves. Though it has already worked well in laboratory conditions, these will be the first fields trials in the UK, with samples of mulch spread around the base of the test and the control trees at the start of the treatment being sent back to St Gallen every winter for analysis. The trial expected to last at least five years and if successful will be a breakthrough in the control of an otherwise untreatable problem.
Paul Bartlett also undertook two informative tours and talks with visiting groups to the gardens as well as an off-site lecture for the Tavistock Gardening Group.
Everything that the Charity has achieved over this past and other years has depended in large measure on the hard work and goodwill of its many volunteers, without which it simply could not operate. Stone Lane Gardens take this opportunity to acknowledge and thank them all.
Page 3
STONE LANE GARDENS
## REPORT OF THE TRUSTEES
## for the Year Ended 31 March 2022
## **FINANCIAL REVIEW**
## **Financial Structure and Review**
The Charity's finances are all run through its Current (Trading) Account with Lloyds bank
linked to a Deposit account which holds various donations, gifts, and grants, most but not all of which are restricted to being used for a particular purpose in connection with the running of the Charity. There is also a Reserve Account into which the Charity pays £300 per month from its rental income (see below), and which is intended to be used solely for the maintenance of the house and cottage. Expenses that are properly covered by either of these two holding accounts are paid initially by the Trading Account, and a balancing payment is then transferred across from the relevant holding account.
Early in 2022, the Charity set up an interest-bearing, 95-day notice with Cambridge & Counties Bank in order to gain some interest from deposit funds that were unlikely to be called on for some time.
Excluding one-off grants and donations, the Charity's principle income comes from visitor admissions, tree sales, property and Friends' subscriptions, roughly in that order. Of its outgoings, approximately 65% are for the full-time employment of our Garden Manager plus the fees for two self-employed gardeners working one day a week. Other expenses vary from month to month and individually are generally below 15% of total spend for any particular month.
Income varies according to the time of year. In the winter it comes primarily from tree sales, in the summer from visitor admissions. The one consistent source of income for the Charity is property rental from the house, the cottage and a workshop. In 2021-22 this amounted to £1850 per month (of which £300 was transferred to the Reserve Account to cover future building costs) up until mid-September, at which point the Farm House became untenanted, dropping the income to £1000. Progress began later in the year to renovate the Farm House with a view to reletting in the autumn of 2022.
## **Gift Aid**
This brought in £996 in 2021/22, an approximate increase of 50% over the previous year.
## **Friends Subscriptions**
Our Friends subscriptions supported us to the tune of £3059 last year, a little over a 20% increase over the previous year.
## **Grant Funding, Donations, and Legacies**
Apart from numerous small donations kindly made by the Gardens' numerous Friends and well-wishers, thanks largely to our volunteer fund-raiser Chris Griffith, the Charity received £8700 from the National Lottery towards installing a mesh compound to the top car-park, allowing us for the first time to keep the car park open all year round instead of having to close it in winter, as the surface used to become too slippery to use in wet weather.
Trustee Sandy Lipo's husband generously donated £6000 through his company TConsult towards to the wages cost of our valuable part-time gardener, Vaughan Gallavan, and a small environmental charity, cryptically named Wiggly, donated £200 towards the wild flower meadow.
## Funds
The trustees have undertaken a review of the categorisation of the funds and have corrected some of the allocation of restricted and designated funds. They believe that the allocation now shown in note 11 is now correct.
## **Reserves policy**
The capital value of the property can be treated as security. The Trustees have agreed to transfer money from this income from the property into a designated property maintenance reserve fund. The general reserve fund currently covers 3 months liabilities and the intention is to increase this to 6 months.
At the balance sheet date the charity had free reserves of £39,810 in the general fund (after transfers into designated funds).
Page 4
STONE LANE GARDENS
## REPORT OF THE TRUSTEES
## for the Year Ended 31 March 2022
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Charity is a charitable company limited buy guarantee and has no share capital and is controlled by its governing document, memorandum and articles of the company incorporated on 14 October 2010 as amended by a special resolution dated 23 March 2011 and registered at Companies House. Two further amendments were approved by the Charities Commission on 14 January 2019.
In the event of a winding up the liability of the members is limited to £1 each. The entity is also a registered charity (RCN 1141252).
## **Organisational structure**
The Trustees meet regularly and collectively also contribute about 7 days per week on a voluntary basis, some on site and some working from home.
Different areas of Trustees' responsibilities have been delegated to sub-committees which report back to all the Trustees via email as well as at quarterly meetings. These sub-committees cover: Property Management, Garden Development, Exhibitions and Events, Publicity, and Friends' Membership.
The Charity employs one full-time Garden Manager (currently doing a four day rather than five day week), plus two self-employed Gardeners for 1 day per week each to help with the renovation and maintenance of the garden and the National Collections.
The Garden Manager is responsible for helping to implement the aims of the Charity and for managing and training any staff, volunteers, or self-employed workers on site, and for health and safety and risk assessment.
Other local volunteers help with catering at events, publicity, as well as property and garden maintenance. Together these regular volunteers contributed around 500 days over the year. Two groups, Sticklepath and Okehampton Conservation Volunteers, and the Chagford Conservation Group, help in the gardens 2 - 3 times a year each.
Pru Barnes continues to act as volunteer Secretary to the Trustees and as Friends' co-ordinator.
The Charity is a partner garden with the Royal Horticultural Society, and a member of Plant Heritage working in co-operation with this organisation over the management of the National Collections which have scientific status. Other affiliations include: Botanic Gardens Conservation International, Visit Dartmoor, Dartmoor First status from the Dartmoor National Park Authority and Devon CVS.
Our Garden Manager has worked closely with the BGCI in collaboration with the Georgian Institute of Botany on a joint conservation project to protect the rare Mingrelian birch in Georgia.
## **Risk management**
The Trustees have a duty to identify and review the risks to which the Charity is exposed, and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. This is reviewed annually at the AGM, but in 2021 Arion Safety generously conducted gratis an additional risk assessment, concentrating especially on the Sculpture Exhibition. Our thanks to the company's MD Russ Pryor and our assessor Gary Mountain.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07398115 (England and Wales)
## **Registered Charity number**
1141252
## **Registered office**
Stone Farm Stone Lane Chagford Devon TQ13 8JU
Page 5
STONE LANE GARDENS
## REPORT OF THE TRUSTEES
for the Year Ended 31 March 2022
## **Trustees**
T Imrie K D Rushforth Ms R Duerden D Savage Mrs S Lipo Ms D J Witting (appointed 1.7.22)
## **Independent Examiner**
Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS
## **Senior staff**
The Garden Manager: Paul Bartlett Volunteer Secretary and Trustee of Ashburner Arboretum: Pru Barnes Volunteer Press Officer: Anna Imrie Volunteer Fund Raiser: Chris Griffith Volunteer Exhibition Organiser: Nick Parker
Approved by order of the board of trustees on 14 November 2022 and signed on its behalf by:
T Imrie - Trustee
Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STONE LANE GARDENS
## **Independent examiner's report to the trustees of Stone Lane Gardens ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS
6 December 2022
Page 7
STONE LANE GARDENS
## STATEMENT OF FINANCIAL ACTIVITIES
## (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 March 2022
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
Net gains on investments
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
11
**Other recognised gains/(losses)**
Gains on revaluation of fixed assets
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
**85,279**
**18,378**
**103,657**
**77,583**
**-**
**26,074**
**20,788**
**-**
**46,862**
**1,209,546**
**1,256,408**|Restricted
funds
£
**19,640**
**-**
**19,640**
**22,154**
**-**
**(2,514)**
**(20,788)**
**-**
**(23,302)**
**51,596**
**28,294**|**2022**
**Total**
**funds**
**£**
**104,919**
**18,378**
**123,297**
**99,737**
**-**
**23,560**
**-**
**-**
**23,560**
**1,261,142**
**1,284,702**|2021
Total
funds
£
74,239|
|---|---|---|---|---|
|||||20,868|
|||||95,107|
||||||
|||||96,116|
|||||250,000
248,991|
|||||-|
|||||54,379
303,370|
|||||957,772|
||||||
|||||1,261,142|
The notes form part of these financial statements
Page 8
STONE LANE GARDENS
## BALANCE SHEET
## 31 March 2022
|Notes
**FIXED ASSETS**
Tangible assets
7
Investment property
8
**CURRENT ASSETS**
Debtors
9
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds:
General fund
Black Swan Fund
Land Sale Fund
Phoebe Palmer Legacy
Save The Garden Appeal
Free Garden Access for Care Workers
Jane Seymour Cocks Bequest
June Ashburner Legacy
Margaret Cruft Legacy
H B Allen Trust
Investment Property Fund
Rental Property Maintenance Fund
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
**322,661**
**753,535**
**1,076,196**
**189**
**180,840**
**181,029**
**(817)**
**180,212**
**1,256,408**
**1,256,408**|Restricted
funds
£
**-**
**-**
**-**
**-**
**28,294**
**28,294**
**-**
**28,294**
**28,294**
**28,294**|**2022**
**Total**
**funds**
**£**
**322,661**
**753,535**
**1,076,196**
**189**
**209,134**
**209,323**
**(817)**
**208,506**
**1,284,702**
**1,284,702**
**361,513**
**30,000**
**-**
**-**
**-**
**700**
**5,840**
**15,000**
**40,712**
**16,851**
**753,535**
**32,257**
**1,256,408**
**28,294**
**1,284,702**|2021
Total
funds
£
311,087
750,000|
|---|---|---|---|---|
|||||1,061,087|
|||||-
200,872|
|||||200,872|
|||||(817)
200,055
1,261,142|
|||||1,261,142|
|||||1,189,273
15,000
794
2,108
2,371
-
-
-
-
-
-
-
1,209,546
51,596
1,261,142|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
Page 9
STONE LANE GARDENS
## BALANCE SHEET - continued 31 March 2022
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14 November 2022 and were signed on its behalf by:
T Imrie - Trustee
The notes form part of these financial statements
Page 10
STONE LANE GARDENS
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount 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 to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Plant and machinery|- 15% on reducing balance|
|---|---|
|Fixtures and fittings|- 20% on cost|
|Computer equipment|- 20% on cost|
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. INVESTMENT INCOME**
|Rents received
Deposit account interest|**2022**
**£**
**18,363**
**15**
**18,378**|2021|
|---|---|---|
|||£|
|||20,382|
|||486|
|||20,868|
continued...
Page 11
STONE LANE GARDENS
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022
## **3.**
## **NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||**2022**|2021|
|---|---|---|
||**£**|£|
|Depreciation - owned assets|**2,748**|977|
||||
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Garden Manager
Tea room
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
67,563
Investment income
20,868
**Total**
88,431
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
67,560
Net gains on investments
250,000
**NET INCOME/(EXPENDITURE)**
270,871
**Transfers between funds**
(645)
**Other recognised gains/(losses)**
Gains on revaluation of fixed assets
54,379
**Net movement in funds**
324,605|**2022**
**1**
**1**
**2**
Restricted
funds
£
6,676
-
6,676
28,556
-
(21,880)
645
-
(21,235)|2021|
|---|---|---|
|||1
-
1|
|||Total
funds
£
74,239
20,868|
|||95,107|
|||96,116|
|||250,000|
|||248,991
-
54,379|
|||303,370|
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 12
STONE LANE GARDENS
## NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**7.**
**TANGIBLE FIXED ASSETS**
Freehold
property
£
**COST OR VALUATION**
At 1 April 2021
**305,550**
Additions
**-**
At 31 March 2022
**305,550**
**DEPRECIATION**
At 1 April 2021
**-**
Charge for year
**-**
At 31 March 2022
**-**
**NET BOOK VALUE**
At 31 March 2022
**305,550**
At 31 March 2021
305,550|**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**7.**
**TANGIBLE FIXED ASSETS**
Freehold
property
£
**COST OR VALUATION**
At 1 April 2021
**305,550**
Additions
**-**
At 31 March 2022
**305,550**
**DEPRECIATION**
At 1 April 2021
**-**
Charge for year
**-**
At 31 March 2022
**-**
**NET BOOK VALUE**
At 31 March 2022
**305,550**
At 31 March 2021
305,550|Plant and
machinery
£
**16,080**
**12,571**
**28,651**
**10,543**
**2,716**
**13,259**
**15,392**|Unrestricted
funds
£
884,941
1,209,546
Fixtures
and
fittings
£
**-**
**1,222**
**1,222**
**-**
**11**
**11**
**1,211**|Unrestricted
funds
£
884,941
1,209,546
Fixtures
and
fittings
£
**-**
**1,222**
**1,222**
**-**
**11**
**11**
**1,211**|Restricted
funds
£
72,831
51,596
Computer
equipment
£
**-**
**529**
**529**
**-**
**21**
**21**
**508**|Total
funds
£
957,772
1,261,142
Totals
£
**321,630**
**14,322**
**335,952**
**10,543**
**2,748**
**13,291**
**322,661**|Total
funds
£
957,772|
|---|---|---|---|---|---|---|---|
|||||||||
|||||||||
|||||||||
|||||||||
|||||||||
||305,550|5,537||-|-|311,087||
|||||||||
Cost or valuation at 31 March 2022 is represented by:
|Valuation in 2021
Cost|**Freehold**
**Plant and**
**property**
**machinery**
**£**
**£**
**54,379**
**-**
**251,171**
**28,651**
**305,550**
**28,651**|**Fixtures**
**and**
**Computer**
**fittings**
**equipment**
**£**
**£**
**-**
**-**
**1,222**
**529**
**1,222**
**529**|**Totals**
**£**
**54,379**
**281,573**|
|---|---|---|---|
||||**335,952**|
The freehold property was revalued during the year for insurance purposes.
continued...
Page 13
STONE LANE GARDENS
## NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022
## **8. INVESTMENT PROPERTY**
|**FAIR VALUE**
At 1 April 2021
Additions
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021
Fair value at 31 March 2022 is represented by:
Valuation in 2021
Cost
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors|**2022**
**£**
**189**
**2022**
**£**
**817**|**£**
**750,000**
**3,535**
**753,535**
**753,535**|**£**
**750,000**
**3,535**
**753,535**
**753,535**|
|---|---|---|---|
|||750,000||
|||**£**
**250,000**
**503,535**
**753,535**||
|||||
||||2021
£|
||||-|
|||||
|||||
||||2021
£|
||||817|
|||||
continued...
Page 14
STONE LANE GARDENS
## NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022
## **11. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**|||||
|---|---|---|---|---|
|**Unrestricted funds**
General fund
Black Swan Fund
Land Sale Fund
Phoebe Palmer Legacy
Save The Garden Appeal
Free Garden Access for Care Workers
Jane Seymour Cocks Bequest
June Ashburner Legacy
Margaret Cruft Legacy
H B Allen Trust
Investment Property Fund
Rental Property Maintenance Fund
**Restricted funds**
BGCI - Georgia Project
Ernest Cook Trust
Barn fund
John Spedan Lewis Foundation
Tea Room fund
Foyle Foundation
H B Allen Trust
Jane Seymour Bequest
Dartmoor Leaf Fund
Ashburner Prize Fund
Free Garden Access for Care Workers
National Lottery
TConsult
Wildflower/Wiggly Covid
Save The Garden Fund
**TOTAL FUNDS**|At 1.4.21
£
**1,189,273**
**15,000**
**794**
**2,108**
**2,371**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**1,209,546**
**9,822**
**1,571**
**420**
**320**
**1,244**
**1,219**
**24,769**
**5,840**
**4,645**
**1,046**
**700**
**-**
**-**
**-**
**-**
**51,596**
**1,261,142**|Net
movement
in funds
£
**14,029**
**15,000**
**(871)**
**(2,108)**
**24**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**26,074**
**(655)**
**320**
**(420)**
**(320)**
**(309)**
**(170)**
**(7,918)**
**-**
**(120)**
**-**
**-**
**2,127**
**4,751**
**200**
**-**
**(2,514)**
**23,560**|Transfers
between
funds
£
**(841,789)**
**-**
**77**
**-**
**(2,395)**
**700**
**5,840**
**15,000**
**40,712**
**16,851**
**753,535**
**32,257**
**20,788**
**-**
**-**
**-**
**-**
**-**
**-**
**(16,851)**
**(5,840)**
**-**
**-**
**(700)**
**-**
**208**
**-**
**2,395**
**(20,788)**
**-**|At
31.3.22
£
**361,513**
**30,000**
**-**
**-**
**-**
**700**
**5,840**
**15,000**
**40,712**
**16,851**
**753,535**
**32,257**|
|||||**1,256,408**
**9,167**
**1,891**
**-**
**-**
**935**
**1,049**
**-**
**-**
**4,525**
**1,046**
**-**
**2,127**
**4,959**
**200**
**2,395**|
|||||**28,294**|
|||||**1,284,702**|
Page 15
continued...
STONE LANE GARDENS
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Black Swan Fund
Land Sale Fund
Phoebe Palmer Legacy
Save The Garden Appeal
**Restricted funds**
BGCI - Georgia Project
Ernest Cook Trust
Barn fund
John Spedan Lewis Foundation
Tea Room fund
Foyle Foundation
H B Allen Trust
Dartmoor Leaf Fund
Ashburner Prize Fund
National Lottery
TConsult
Wildflower/Wiggly Covid
**TOTAL FUNDS**|Incoming
resources
£
**88,633**
**15,000**
**-**
**-**
**24**
**103,657**
**-**
**320**
**-**
**-**
**-**
**-**
**420**
**3,000**
**1,000**
**8,700**
**6,000**
**200**
**19,640**
**123,297**|Resources
Movement
expended
in funds
£
£
**(74,604)**
**14,029**
**-**
**15,000**
**(871)**
**(871)**
**(2,108)**
**(2,108)**
**-**
**24**
**(77,583)**
**26,074**
**(655)**
**(655)**
**-**
**320**
**(420)**
**(420)**
**(320)**
**(320)**
**(309)**
**(309)**
**(170)**
**(170)**
**(8,338)**
**(7,918)**
**(3,120)**
**(120)**
**(1,000)**
**-**
**(6,573)**
**2,127**
**(1,249)**
**4,751**
**-**
**200**
**(22,154)**
**(2,514)**
**(99,737)**
**23,560**|
|---|---|---|
Page 16
continued...
STONE LANE GARDENS
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022
## **11. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated
Black Swan Fund
Land Sale Fund
Phoebe Palmer Legacy
Save The Garden Appeal
**Restricted funds**
BGCI - Georgia Project
Ernest Cook Trust
Barn fund
John Spedan Lewis Foundation
Tea Room fund
Foyle Foundation
H B Allen Trust
Jane Seymour Bequest
Dartmoor Leaf Fund
Ashburner Prize Fund
Free Garden Access for Care Workers
**TOTAL FUNDS**|At 1.4.20
£
876,966
7,975
-
-
-
-
884,941
10,022
1,571
420
320
2,450
1,219
51,829
5,000
-
-
-
72,831
957,772|Net
movement
in funds
£
328,703
(3,453)
-
-
-
-
325,250
-
-
-
-
(1,284)
-
(27,092)
105
4,645
1,046
700
(21,880)
303,370|Transfers
between
At
funds
31.3.21
£
£
(16,396)
1,189,273
(4,522)
-
15,000
15,000
794
794
2,108
2,108
2,371
2,371
(645)
1,209,546
(200)
9,822
-
1,571
-
420
-
320
78
1,244
-
1,219
32
24,769
735
5,840
-
4,645
-
1,046
-
700
645
51,596
-
1,261,142|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated
**Restricted funds**
Tea Room fund
H B Allen Trust
Jane Seymour Bequest
Dartmoor Leaf Fund
Ashburner Prize Fund
Free Garden Access for Care Workers
**TOTAL FUNDS**|Incoming
resources
£
87,293
1,138
88,431
180
-
105
4,645
1,046
700
6,676
95,107|Resources
expended
£
(62,969)
(4,591)
(67,560)
(1,464)
(27,092)
-
-
-
-
(28,556)
(96,116)|Gains and
Movement
losses
in funds
£
£
304,379
328,703
-
(3,453)
304,379
325,250
-
(1,284)
-
(27,092)
-
105
-
4,645
-
1,046
-
700
-
(21,880)
304,379
303,370|Gains and
Movement
losses
in funds
£
£
304,379
328,703
-
(3,453)
304,379
325,250
-
(1,284)
-
(27,092)
-
105
-
4,645
-
1,046
-
700
-
(21,880)
304,379
303,370|
|---|---|---|---|---|
|||||325,250
(1,284)
(27,092)
105
4,645
1,046
700|
|||||(21,880)|
|||||303,370|
continued...
Page 17
STONE LANE GARDENS
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
## **13. INDEPENDENT EXAMINER'S REMUNERATION**
The fee for the Independent Examination is included with the accountancy fee in the accounts. For 2022 it was £400 (2021: £400).
Page 18
STONE LANE GARDENS
## DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Legacies
Grants
Trees & plants
Friends subscriptions
Sales
Public & group visits
Mythic garden commission
Tea Room
Book royalties
Sundry income
**Investment income**
Rents received
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Casual workers & outwork
Insurance
Light and heat
Telephone & Internet
Delivery & carriage
Advertising, printing & PR
Rates & water
Repairs & maintenance
Purchases
Office & sundry expenses
Tea room expenses
Events
Volunteer costs
IT licence fees
Barn restoration
IT & website
Garden equipment
Garden maintenance
Carried forward|2022
£
**1,125**
**996**
**1,000**
**24,514**
**20,374**
**3,059**
**3**
**27,038**
**2,347**
**23,375**
**-**
**1,088**
**104,919**
**18,363**
**15**
**18,378**
**123,297**
**33,373**
**922**
**4,468**
**788**
**838**
**2,044**
**4,501**
**596**
**3,392**
**647**
**1,954**
**6,318**
**3,912**
**425**
**168**
**5,792**
**1,272**
**1,173**
**10,962**
**83,545**|2021
£
4,340
653
-
25,019
13,491
2,482
-
13,092
1,985
13,050
127
-
74,239
20,382
486
20,868
95,107
25,166
5,101
2,626
861
872
1,415
2,953
529
28,389
5,996
11,842
4,506
-
-
-
-
-
-
-
90,256|
|---|---|---|
This page does not form part of the statutory financial statements
Page 19
STONE LANE GARDENS
## DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2022
|**Charitable activities**
Brought forward
Travel
Visitor facilities
Exhibition expenses
Memberships
Prizes
Catering equipment
Property management
Tree grafting
Plant and machinery
Fixtures and fittings
Computer equipment
**Support costs**
**Finance**
Bank charges
**Governance costs**
Legal & professional fees
Accountancy
Total resources expended
**Net income/(expenditure)**|2022
£
**83,545**
**23**
**133**
**498**
**222**
**1,000**
**939**
**2,247**
**6,569**
**2,716**
**11**
**21**
**97,924**
**55**
**487**
**1,271**
**1,758**
**99,737**
**23,560**|2021
£|
|---|---|---|
|||90,256
-
-
-
-
-
-
4,067
-
977
-
-
95,300
-
-
816
816
96,116
(1,009)|
This page does not form part of the statutory financial statements
Page 20