**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 2025
## 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 2025
|||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 2025
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 2025. 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**
## The Arboretum
The Arboretum is maintained by employing a garden manager who is assisted by an assistant gardener, one self-employed part-time gardener and by volunteers.
The collection is open to the public 5 days every week of the year, and educational material and interpretation is available on our website and in the garden itself. Information about our activities is provided via quarterly 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.
In recent years our Garden Manager has run a Megrelian Birch conservation project in Georgia in partnership with BGCI. We now have ex-situ conservation collections of this endangered relict species in our living collections.
## Art Exhibitions
Once again, the Charity ran its annual sculpture exhibition from June to the end of September. 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 fourth season of operation in 2024, opening 5 days a week to coincide with when the garden was open, and under the management of Trustee Anna Imrie-Tait. The Tea Room continued to make a contribution to the Gardens, both financially and as a visitor facility providing a useful initial point of contact and information for people visiting 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 2025
## **OBJECTIVES AND ACTIVITIES Public benefit**
The Trustees are aware of the Charity Commission's guidance on public benefit by making the Arboretum and surrounding areas accessible to all.
Page 2
STONE LANE GARDENS
for the Year Ended 31 March 2025
## REPORT OF THE TRUSTEES
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
2024 was another challenging year with falling revenues in most areas. The economic climate, poor weather and the marked return to holidaying abroad all impacted on performance despite the Trustees' best efforts. Trustees Susie Pope and David Savage oversaw the annual sculpture exhibition this year, assisted by the garden team and office administrator, and curated for the first time by South West Sculptors. South West Sculptors are a group of over 60 professional sculptors working and living in the South West with members coming from Cornwall, Devon, Dorset and Somerset. The Exhibition ran from June through to the end of September, with all 58 pieces of work from 31 artists being on the theme of 'Natural Elements'.
Sales of sculptures totalled £9,445 over the course of the exhibition, giving the Charity £1,889 in commissions, a significant increase on last year. Cornish quarry company Caradon Granite once again sponsored the exhibition, alongside Fowlers Estate Agents, Reddaways Removals and Jackson Stopps & Staff Estate Agents.
Another welcome return to the Gardens in 2024 came in the form of 'The 3 Inch Fools Theatre Company'. This year the travelling troupe performed Shakespeare's 'A comedy of Errors' in August, to a large and enthusiastic audience. Our popular MusicFest was staged in July and a second open-air theatre performance by the Calf 2 Cow theatre company in June. Overall, the events achieved £780 profit for the Charity. While the financial reward to the Charity was not huge, 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 £476. Overall admissions income was approaching 9% lower than last year at £17,366.
The nursery has always been an important part of the Charity's income stream, especially during the winter months when visitor numbers are reduced. Sadly this financial year saw a significant downturn on the revenue of last year with a gross income of £12,229. Many of the one-year-old trees not suitable for sale in earlier were sold as two or three-year-old trees in 2024 and the number of grafts purchased was reduced accordingly.
The Tea Room provides an important dimension to the Gardens, adding immeasurable benefit to the visitor experience and assisting in up-selling Friends memberships and Sculpture sales. Once again Trustee Anna Imrie-Tait oversaw the running of the tearoom with an employed tearoom supervisor managing the day to day operation and with a wider menu offering. The tearoom was open 5 days a week and the net contribution achieved was £1,261, significantly down on last year owing to employment costs. The trustees consider it a vital attribute to the Gardens and propose to open it for five days a week in 2025 once again.
In the gardens, a few more of the recently planted trees in the New Arboretum in Kenneth's Field were lost owing to dry periods. The wildflower meadow in June's Field matured and the new paths linking the wider estate continue to be mown and enjoyed by visitors. The grass amphitheatre set out in the wild-flower meadow hosted the theatre performances in June & August.
In partnership with the Swiss research laboratory Mycosolutions, the Gardens continue the 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 is expected to last at least five years and if successful will be a breakthrough in the control of an otherwise untreatable problem.
Sadly, the trials haven't eradicated the spread of the disease and a number of Birch had to be felled in in March 2023. Replanting was undertaken in late Spring and has added a new dimension to the garden, introducing a variety of plants and shrubs. The replanting has received very positive comment from visitors to the garden.
Page 3
STONE LANE GARDENS
## REPORT OF THE TRUSTEES
## for the Year Ended 31 March 2025
The gardens were hit by two consecutive storms at the end of November. Heavy snow fell, weighing down many boughs, and was immediately followed by very high winds. The garden suffered heavy losses with several fallen trees and numerous fallen branches. The trustees, advised by the Garden Manager, took the difficult decision to close the gardens while the clearing up operation was underway, with the garden not able to re-open until February 2025. The Garden Manager organised a very successful Crowdfunding Appeal which raised in excess of £8,000 towards loss of admissions revenue, new planting and labour costs.
We continue to encourage new volunteers to help in the garden, tearoom and at events. Our garden volunteers are a friendly and welcoming group with great loyalty to the organisation. 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.
## **FINANCIAL REVIEW**
## **Financial Structure and Review**
The Charity's finances are all run through its Current (Trading) Account with Lloyds Bank
linked to a Instant Access Savings Account 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, and into which the Charity pays £300 per month from its rental income (see below) intended to be used solely for the maintenance of the farmhouse and cottage.
The Charity continues to have funds in its interest-bearing, 95-day notice account with Cambridge & Counties Bank and Aldermore Bank. Bank Interest of £4,581 was received during the financial year.
Excluding any one-off grants and donations, the Charity's principal income comes from visitor admissions, tree sales and property rental although Garden events are a welcome income stream and commission on the sale of sculptures is of benefit. Of its outgoings in the current financial year, approximately 52% are for the full-time employment of our staff. Other expenses vary from month to month and individually are generally below 15% of total spend for any month, with the exception of the annual insurance premium, in excess of £6000 per annum, and the sum paid for tree grafts.
The primary sources of income vary 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 farmhouse, the cottage and a workshop. In 2024-25 this averaged £1,970 per month (of which £300 was transferred to the Reserve Account to cover future building costs).
## Gift Aid
A Gift Aid claim covering the previous financial year was made during the year netting the Charity an additional £866.
## Friends Subscriptions%
Our Friends' subscriptions supported us to the tune of £2,822 in 2024-25, a small increase on the previous year.
## Grant Funding, Donations, and Legacies
Apart from numerous small donations kindly made by the Gardens' numerous Friends and well-wishers, the Charity raised £8,750 through grant funding applications.
## **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 £20,596 in the general fund (after transfers into designated funds).
Page 4
STONE LANE GARDENS
for the Year Ended 31 March 2025
## REPORT OF THE TRUSTEES
## **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**
## Organisational Structure
The Trustees meet regularly and collectively also contribute about 5 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 permanent Garden Manager on a four day a week basis. He offered to work 3 days a week with effect from January 2025 as a temporary way of reducing the charity's expenses until some financial stability is regained. The Trustees agreed to this arrangement. A new Assistant Gardener was employed on an annual contract of 1200 hours from the beginning of October 2024, to replace the outgoing Assistant Gardener, who was working two days a week, and self-employed Gardener working approximately 1 day per week.
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 helps with 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 300 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.
David Savage stepped down as a Trustee at the AGM having served six years. The Trustees would like to thank him for his hard work, commitment and enthusiasm during his time in role. Sadly David passed away unexpectedly a few months after he stepped down.
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. He took part in a botanical research expedition to Greenland in 2022 and also spent two weeks in Mongolia in August 2024 studying the native shrub and tree birches of the region. Reports were published in 2023 and April 2025 respectively and are available in the research section of our website.
## **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.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07398115 (England and Wales)
## **Registered Charity number**
1141252
Page 5
STONE LANE GARDENS
## REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
## **Registered office**
Stone Farm Stone Lane Chagford Devon TQ13 8JU
## **Trustees**
D Savage (resigned 25.10.24) Ms D J Witting Treasurer Mrs A Imrie-Tait Chair (resigned 15.9.25) Ms S H D Pope R Cox T C Hudson J Hutchinson S Guthrie
## **Independent Examiner**
Ian Barrett Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS
## **Senior staff**
The Garden Manager: Paul Bartlett
Approved by order of the board of trustees on 22 October 2025 and signed on its behalf by:
Ms D J Witting - 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 2025.
## **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
Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS
23 October 2025
Page 7
STONE LANE GARDENS
## STATEMENT OF FINANCIAL ACTIVITIES
## (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 March 2025
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
12
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2025**
Unrestricted
Restricted
**Total**
funds
funds
**funds**
£
£
**£**
**67,950**
**8,750**
**76,700**
**28,226**
**-**
**28,226**
**96,176**
**8,750**
**104,926**
**100,338**
**5,172**
**105,510**
**(4,162)**
**3,578**
**(584)**
**3,240**
**(3,240)**
**-**
**(922)**
**338**
**(584)**
**1,237,717**
**20,572**
**1,258,289**
**1,236,795**
**20,910**
**1,257,705**|2024
Total
funds
£
68,111|
|---|---|---|
|||26,933|
|||95,044|
||||
|||105,266|
|||(10,222)|
|||-|
|||(10,222)|
|||1,268,511|
||||
|||1,258,289|
The notes form part of these financial statements
Page 8
STONE LANE GARDENS
## BALANCE SHEET
## 31 March 2025
|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**
**CREDITORS**
Amounts falling due after more than one year
11
**NET ASSETS**
**FUNDS**
12
Unrestricted funds:
General fund
Black Swan Fund
June Ashburner Legacy
Margaret Cruft Legacy
Investment Property Fund
Rental Property Maintenance Fund
Storm Bert appeal
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
**369,494**
**761,229**
**1,130,723**
**2,116**
**109,910**
**112,026**
**(2,687)**
**109,339**
**1,240,062**
**(3,266)**
**1,236,796**|Restricted
funds
£
**-**
**-**
**-**
**-**
**20,909**
**20,909**
**-**
**20,909**
**20,909**
**-**
**20,909**|**2025**
**Total**
**funds**
**£**
**369,494**
**761,229**
**1,130,723**
**2,116**
**130,819**
**132,935**
**(2,687)**
**130,248**
**1,260,971**
**(3,266)**
**1,257,705**
**399,957**
**25,403**
**15,000**
**25,700**
**753,535**
**14,377**
**2,824**
**1,236,796**
**20,909**
**1,257,705**|2024
Total
funds
£
369,763
762,323|
|---|---|---|---|---|
|||||1,132,086|
|||||1,765
135,755|
|||||137,520|
|||||(5,653)
131,867
1,263,953
(5,664)|
|||||1,258,289|
|||||399,147
29,809
15,000
29,450
753,535
10,776
-
1,237,717
20,572
1,258,289|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 2025
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 22 October 2025 and were signed on its behalf by:
D J Witting - 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 2025
## **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.
## **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|**2025**
**£**
**23,645**
**4,581**
**28,226**|2024|
|---|---|---|
|||£|
|||23,175|
|||3,758|
|||26,933|
continued...
Page 11
STONE LANE GARDENS
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025
## **3.**
## **NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||**2025**|2024|
|---|---|---|
||**£**|£|
|Depreciation - owned assets|**6,590**|8,100|
||||
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Garden Manager
Assistant Gardener
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward|**ACTIVITIES**
Unrestricted
funds
£
59,310
26,933
86,243
103,012
(16,769)
3,652
(13,117)
1,250,833||**2025**
**1**
**1**
**2**
Restricted
funds
£
8,801
-
8,801
2,254
6,547
(3,652)
2,895
17,678||2024|
|---|---|---|---|---|---|
||||||1
1
2|
||||||Total
funds
£
68,111
26,933|
||||||95,044|
||||||105,266|
||||||(10,222)
-|
|||||(10,222)
1,268,511||
## **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 2025
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**TOTAL FUNDS CARRIED FORWARD**
**7.**
**TANGIBLE FIXED ASSETS**
Freehold
property
£
**COST OR VALUATION**
At 1 April 2024
**322,392**
Additions
**-**
At 31 March 2025
**322,392**
**DEPRECIATION**
At 1 April 2024
**-**
Charge for year
**-**
At 31 March 2025
**-**
**NET BOOK VALUE**
At 31 March 2025
**322,392**
At 31 March 2024
322,392|**TOTAL FUNDS CARRIED FORWARD**
**7.**
**TANGIBLE FIXED ASSETS**
Freehold
property
£
**COST OR VALUATION**
At 1 April 2024
**322,392**
Additions
**-**
At 31 March 2025
**322,392**
**DEPRECIATION**
At 1 April 2024
**-**
Charge for year
**-**
At 31 March 2025
**-**
**NET BOOK VALUE**
At 31 March 2025
**322,392**
At 31 March 2024
322,392|Plant and
machinery
£
**30,899**
**5,206**
**36,105**
**17,185**
**2,108**
**19,293**
**16,812**||Unrestricted
funds
£
1,237,716
Fixtures
and
fittings
£
**41,481**
**-**
**41,481**
**8,276**
**4,344**
**12,620**
**28,861**||Restricted
funds
£
20,573
Computer
equipment
£
**689**
**1,115**
**1,804**
**237**
**138**
**375**
**1,429**||Total
funds
£|
|---|---|---|---|---|---|---|---|---|
|||||||||1,258,289|
|||||||||Totals
£
**395,461**
**6,321**
**401,782**
**25,698**
**6,590**
**32,288**
**369,494**|
||322,392|13,714||33,205||452||369,763|
Cost or valuation at 31 March 2025 is represented by:
|Valuation in 2021
Cost|**Freehold**
**Plant and**
**property**
**machinery**
**£**
**£**
**54,379**
**-**
**268,013**
**36,105**
**322,392**
**36,105**|**Fixtures**
**and**
**Computer**
**fittings**
**equipment**
**£**
**£**
**-**
**-**
**41,481**
**1,804**
**41,481**
**1,804**|**Totals**
**£**
**54,379**
**347,403**|
|---|---|---|---|
||||**401,782**|
continued...
Page 13
STONE LANE GARDENS
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025
## **8. INVESTMENT PROPERTY**
|**FAIR VALUE**
At 1 April 2024
and 31 March 2025
**AMORTISATION**
At 1 April 2024
Charge for year
At 31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024
Fair value at 31 March 2025 is represented by:
Valuation in 2021
Cost
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments and accrued income
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
Accruals and deferred income|**2025**
**£**
**2,116**
**2025**
**£**
**1,425**
**1,262**
**2,687**|**£**
**762,825**
**502**
**1,094**
**1,596**
**761,229**|**£**
**762,825**
**502**
**1,094**
**1,596**
**761,229**|
|---|---|---|---|
|||762,323||
|||**£**
**250,000**
**512,825**
**762,825**||
|||||
||||2024
£|
||||1,765|
|||||
|||||
||||2024
£|
||||1,388|
||||4,265
5,653|
continued...
Page 14
STONE LANE GARDENS
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025
## **11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
|Other creditors
**12.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
Black Swan Fund
June Ashburner Legacy
Margaret Cruft Legacy
Investment Property Fund
Rental Property Maintenance Fund
Storm Bert appeal
**Restricted funds**
Ernest Cook Trust
Tea Room fund
Foyle Foundation
Jane Seymour Bequest
Dartmoor Leaf Fund
National Lottery
Save The Garden Fund
June Ashburner Bequest
South West Water
West Devon Council
Chagford Community Trust
Chagford Show Committee
Finnis Scott
Linder Foundation
Viscount Amory Trust
Plant Heritage
**TOTAL FUNDS**|At 1.4.24
£
**399,146**
**29,809**
**15,000**
**29,450**
**753,535**
**10,777**
**-**
**1,237,717**
**1,891**
**590**
**650**
**5,840**
**658**
**2,127**
**2,478**
**1,036**
**4,052**
**950**
**-**
**300**
**-**
**-**
**-**
**-**
**20,572**
**1,258,289**|Net
movement
in funds
£
**(2,579)**
**(4,406)**
**-**
**-**
**-**
**-**
**2,824**
**(4,161)**
**(177)**
**(145)**
**-**
**-**
**(675)**
**-**
**-**
**-**
**-**
**369**
**99**
**(488)**
**362**
**3,750**
**500**
**(18)**
**3,577**
**(584)**|**2025**
**£**
**3,266**
Transfers
between
funds
£
**3,390**
**-**
**-**
**(3,750)**
**-**
**3,600**
**-**
**3,240**
**-**
**-**
**(650)**
**-**
**17**
**-**
**(18)**
**-**
**(1,581)**
**(1,115)**
**(99)**
**188**
**-**
**-**
**-**
**18**
**(3,240)**
**-**||2024
£|
|---|---|---|---|---|---|
||||||5,664|
|||||||
|||||At
31.3.25
£
**399,957**
**25,403**
**15,000**
**25,700**
**753,535**
**14,377**
**2,824**
**1,236,796**
**1,714**
**445**
**-**
**5,840**
**-**
**2,127**
**2,460**
**1,036**
**2,471**
**204**
**-**
**-**
**362**
**3,750**
**500**
**-**
**20,909**
**1,257,705**||
Page 15
continued...
STONE LANE GARDENS
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025
## **12. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Black Swan Fund
Storm Bert appeal
**Restricted funds**
Ernest Cook Trust
Tea Room fund
Dartmoor Leaf Fund
West Devon Council
Chagford Community Trust
Chagford Show Committee
Finnis Scott
Linder Foundation
Viscount Amory Trust
Plant Heritage
**TOTAL FUNDS**|Incoming
resources
£
**88,252**
**-**
**7,924**
**96,176**
**-**
**-**
**-**
**1,500**
**500**
**-**
**2,000**
**3,750**
**500**
**500**
**8,750**
**104,926**|Resources
Movement
expended
in funds
£
£
**(90,831)**
**(2,579)**
**(4,406)**
**(4,406)**
**(5,100)**
**2,824**
**(100,337)**
**(4,161)**
**(177)**
**(177)**
**(145)**
**(145)**
**(675)**
**(675)**
**(1,131)**
**369**
**(401)**
**99**
**(488)**
**(488)**
**(1,638)**
**362**
**-**
**3,750**
**-**
**500**
**(518)**
**(18)**
**(5,173)**
**3,577**
**(105,510)**
**(584)**|
|---|---|---|
Page 16
continued...
STONE LANE GARDENS
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025
## **12. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Black Swan Fund
June Ashburner Legacy
Margaret Cruft Legacy
Investment Property Fund
Rental Property Maintenance Fund
**Restricted funds**
Ernest Cook Trust
Tea Room fund
Foyle Foundation
Jane Seymour Bequest
Dartmoor Leaf Fund
Ashburner Prize Fund
National Lottery
TConsult
Save The Garden Fund
June Ashburner Bequest
South West Water
West Devon Council
Chagford Community Trust
Chagford Show Committee
**TOTAL FUNDS**|At 1.4.23
£
413,761
30,000
15,000
31,361
753,535
7,176
1,250,833
1,891
935
885
5,840
658
46
2,127
555
2,395
2,346
-
-
-
-
17,678
1,268,511|Net
movement
in funds
£
(14,666)
(191)
-
(1,911)
-
-
(16,768)
-
(160)
(235)
-
-
(46)
-
(555)
-
-
6,300
950
(8)
300
6,546
(10,222)|Transfers
between
funds
£
52
-
-
-
-
3,600
3,652
-
(185)
-
-
-
-
-
-
83
(1,310)
(2,248)
-
8
-
(3,652)
-|At
31.3.24
£
399,147
29,809
15,000
29,450
753,535
10,776|
|---|---|---|---|---|
|||||1,237,717
1,891
590
650
5,840
658
-
2,127
-
2,478
1,036
4,052
950
-
300|
|||||20,572|
|||||1,258,289|
continued...
Page 17
STONE LANE GARDENS
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025
## **12.**
## **MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Black Swan Fund
Margaret Cruft Legacy
**Restricted funds**
Tea Room fund
Foyle Foundation
Ashburner Prize Fund
TConsult
South West Water
West Devon Council
Chagford Community Trust
Chagford Show Committee
**TOTAL FUNDS**|Incoming
resources
£
85,743
500
-
86,243
-
-
1,000
1
6,300
950
250
300
8,801
95,044|Resources
Movement
expended
in funds
£
£
(100,409)
(14,666)
(691)
(191)
(1,911)
(1,911)
(103,011)
(16,768)
(160)
(160)
(235)
(235)
(1,046)
(46)
(556)
(555)
-
6,300
-
950
(258)
(8)
-
300
(2,255)
6,546
(105,266)
(10,222)|
|---|---|---|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2025.
## **14. INDEPENDENT EXAMINER'S REMUNERATION**
The fee for the Independent Examination is included with the accountancy fee in the accounts. For 2023 it was £400 (2022: £400).
Page 18
STONE LANE GARDENS
## DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2025
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Grants
Trees & plants
Friends subscriptions
Sales
Public & group visits
Mythic garden commission
Sponsorship
Tea Room
Book royalties
Sundry income
Fundraising events
**Investment income**
Rents received
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Insurance
Light and heat
Telephone & Internet
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
Travel
Carried forward|2025
£
**8,275**
**866**
**8,750**
**12,229**
**2,822**
**1,602**
**17,366**
**1,889**
**200**
**17,053**
**112**
**740**
**4,796**
**76,700**
**23,645**
**4,581**
**28,226**
**104,926**
**55,125**
**6,235**
**1,118**
**545**
**3,530**
**956**
**1,208**
**556**
**1,508**
**4,102**
**4,624**
**-**
**291**
**-**
**766**
**1,263**
**7,970**
**-**
**89,797**|2024
£
995
1,764
7,800
16,706
2,748
2,549
18,990
840
1,750
8,809
62
5,098
-
68,111
23,175
3,758
26,933
95,044
44,352
5,307
1,131
245
3,995
1,044
614
784
959
2,622
3,150
470
445
4,825
1,503
567
6,428
124
78,565|
|---|---|---|
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 2025
|**Charitable activities**
Brought forward
Visitor facilities
Exhibition expenses
Memberships
Prizes
Catering equipment
Tree grafting
Cinema
Nursery
Sculptures
Freehold property
Plant and machinery
Fixtures and fittings
Computer equipment
**Support costs**
**Finance**
Bank charges
**Governance costs**
Legal & professional fees
Accountancy
Total resources expended
**Net expenditure**|2025
£
**89,797**
**473**
**536**
**257**
**-**
**-**
**2,975**
**-**
**1,724**
**-**
**311**
**2,107**
**5,126**
**138**
**103,444**
**964**
**-**
**1,102**
**1,102**
**105,510**
**(584)**|2024
£|
|---|---|---|
|||78,565
791
2,245
190
1,000
(189)
6,785
1,494
2,218
462
314
2,029
5,961
110
101,975
755
412
2,124
2,536
105,266
(10,222)|
This page does not form part of the statutory financial statements
Page 20