Company registration number. 08339736 Charity registration number., 1152430 The Hutts Foundation (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 March 2024 Lambert Roper & Horsfield Limited First Floor Rosemount House Huddersfield Road Elland Wesl Yorkshire HX5 OEE
The Hutts Foundation Contents Reference and Administrative Details Trustees, Report 2to4 Independent Examiner's Report Statement of Financial Activities 6107 Balance Sheet 8109 Notes lo the Financial Statements 10t022
The Hutts Foundation Reference and Administrative Details Charity Reglstration Number 1152430 Company Registration Number 08339736 Reglstered Office The Hutls Hutls Lane Grewellhorpe Ripon North Yorkshire HG4 3DA Principal Office The Hulls Hults Lane Grewellhorpe Ripon North Yorkshire HG4 3DA Trustees Mr P W D Roberts Mrs A C Bulk Mr W G a Roberts Mrs L A Morris MrRAOFirth Independent Examiner Lambert Roper & Horsfield Limited First Floor Rosemount House Huddersfield Road Elland Wesl Yorkshire HX5 OEE Page 1
The Hutts Foundation Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors, report of the charitable company for the year ended 30 March 2024. Trustees and off icers The trustees and officers serving during the year and since the year end were as follows, TfUStees'. Mr P W D Roberts Mrs A C Bulk Mr W G D Roberts Mrs L A Morris MrRAOFirth Objectives and activities Objects and alms The charitable company's principal objective during the year was that of the advancemenls of the arts, horticulture and environmental protection or improvement, particularly but not exclusively by promoting the cultivation and conservation of rare and endangered species of the world and the use of sculpture within natural and cultivated landscapes, and the advancement of education of the publi in the arts and horticultural ski11s, particularly but not exclusively in the field of plant and garden conservation, the cultivation of rare plants and the use of sculpture within natural and cultivated landscapes. Achievements of the Charity The garden opened on Tuesday, 4th April 2023, Visitors are still encouraged to purchase tickets in advance online, so we can control the capacity per day to comply with our planning conditions. Pre-booked visitors are scanned in on arrival. Walk-up visitors can pay at the Ticket Office on the day, subject to availability. We saw an increase in the sale of season tickets to 1.0371319 in 20221 due to better onsite promotions and upselling by ticket office staff. Adult visitor numbers were up 220/0 from last year, reaching 870/0 (including children) of the overall allowed capacity by the end of the season, We launched the season with the addition of the Hungry Barn Owl sculpture, a chainsaw seat created from the trunk of the damaged Hungarian Oak tree sited in the middle of the main lawn, which received lots of positive press attention. The gardeners have focused on crowning, lifting trees through Hosta Bank and Bluebell Bank, pruning shrubs to create more light and improve the views. There was also a lot of spring bulb planting and use of woodchips to reduce weeds. The garden continues to receive great reviews on Tripadvisor and Google and received another Tripadvisor Travellers Choice award (for averaging 4,815 reviews) and won another RHS Yorkshire In Bloom award. Trustees and Officers There were no changes to the Trustees in the financial year to 30 March 2024, Page 2
The Hutts Foundation Trustees, Report Public benefit statement The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and W21es. Financial review The attached accounts show the results for the year with a surplus of £116,998 on the unrestricted and reslricled funds12023. deficit of £40, 7491. Pollcy on reserves The Charity has a policy of maintaining sufficient reserves lo enable the Charity lo meet, as a minimum, its operational costs for the next three months, which are estimated as £75,000. There were no free reserves of the charity at 30 March 2024. Having reviewed the Charity's financial position, the trustees do not believe the shortfall represents a significant risk and are confident that the Charity has adequate resources lo maintain day-to-day operation of the Charity The reserves of the Charity are continually monitored and reviewed with the context of the funds required to fulfil the objectives of the Charity. Structure, governance and management Nature of governing document The organisalion is a charitable company limited by guarantee, incorporated on 21 December 2012 and registered as a charity on 14 June 2013. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under ils Articles of Association. In the event of the company being wound up, members are required lo contribute an amount not exceeding £1. Recruitment and appointment of trustees The Iruslees are also directors of the company for the purposes of company law and under the company's Articles. Under the requirements of the Memorandum and Articles of Association the number of directors shall not be less than two nor more than seven. Any person who is willing lo act as a director, and is permitted by law lo do so, may be appointed a director by ordinary resolution or by simple majority of all the directors entitled lo attend and vole al any meeting of the directors. Statement of trustees, responsibilities The trustees (who are also the directors of The Hutts Foundation for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Page 3
The Hutts Foundation Trustees. Report Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its incorne and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required lo.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP 2019 IFRS1021', make judgements and estimates that are reasonable and prudent., stale whether applicable UK accounting standards, subject to any departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounling records that disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small companies exemption The charitable company has taken advantage of the small companies exemption in the Companies Act 2006 in preparing the report. The annual report was approved by the trustees of the charity on 17 January 2025 and signed on its behalf by.. SIGNED SECURELY 1710112025 Jl 4.'24.'46 PM UT Mr W G D Roberts Trustee Page 4
The Hutts Foundation Independent Examiner's Report to the trustees of The Hutts Foundation {'the Company,) I report to the charity Iruslees on my examination of the accounts of the Company for the year ended 30 March 2024. Responsibilitles and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Acl'l Having satisfied myself that the accounts of the Company are not required lo 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 I'the 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission Ltnder section 14515llbl of the 2011 Act. Independenl examlner's statement Since the Company's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of The Inslilule of Chartered Accounlanls in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm th£t no mallers have come lo my attention in connection with the examination giving me cause lo believe Ih8t in any material respect., 1. accounting records were not kept in respect of The Hulls Foundation 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 parl of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Staleirent of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other mallers 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. Samuel Mitchell FCA The Institute of Chartered Accountants in England and Wales First Floor Rosemount House Huddersfield Road Elland West Yorkshire HX5 OEE Date.. Page 5
The Hutts Foundation Statement of Financial Activities for the Year Ended 30 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restrtcted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities other income 128,485 279,566 340 128,825 279,566 36,407 227,395 594 360 447 447 Total income 408,498 340 408,838 264,756 Expenditure on: Raising funds Charitable activities Other expenditure 111,715> 1280,125} 111,7151 1280,125) 19,891) (295,5641 150 Total expenditure Nel income I lexpendilurel Net movement in funds 291,840 291,840 1305,505 116,658 340 116,998 40.749 116,658 340 116,998 (40,7491 Recon¢llSation of funds Total funds brought forward Total funds carried forward 21 14,848 131,506 14,848 131,846 55,597 340 14,848 The notes on pages 10 to 22 form an integral part of these financial statements. Page 6
The Hutts Foundation Statement of Financial Activities for the Year Ended 30 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) For the year ended 30 March 2023 Unrestricted funds Restricted funds Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Other income 33,421 227,395 594 360 2,986 36,407 227,395 594 360 Total income 261,770 2,986 264,756 Expenditure on: Raising funds Charitable activities Other expenditure Total expenditure Nel expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried fotward {9,8911 {292,345} 50 19,891} 1295,564) 50 {3,219} 302,286 3,219 305,505 40,516 1233 40,749 (40,516) 1233) {40,749} 55,364 14,848 233 55,597 14,848 21 The notes on pages 1010 22 form an integral part of these financial slatemenls. Page 7
The Hutts Foundation (Registration number: 08339736) Balance Sheet as at 30 March 2024 2024 2023 Note Flxed assets Tangible assets Current assets Debtors Cash al bank and in hand 15 248,572 251,719 16 15,396 3,292 14,429 2,348 18,688 16,777 Creditors.. Amounts falling due withln one year Net current assets l (liabilities} 17 {122,081 230,315 103,393 1213,538 Total assets less current liabilities 145,179 38,181 Creditors.. Amounts falling due after more than one year 18 Net assets 13,333 23,333 131,846 14,848 Funds of the charity: Restricted income funds Restricted funds Unrestricted funds 340 131,506 14,848 Total funds 21 131,846 14,848 The notes on pages 10 to 22 form an integral part of these financial statements. Page 8
The Hutts Foundation (Registration number.. 08339736) Balance Sheet as at 30 March 2024 For the financial year ending 30 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to 8ccounling records and the preparation of accounts. The financial statements on pages 6 to 22 were approved by the trustees, and authorised for issue on 17 January 2025 and signed on their behalf by: SIONED SECURELY 1710112026 al 4'.24.'46 PM UT¢ Mr W G D Roberts Trustee The notes on pages 10 10 22 form an integral part of these financial statements. Page 9
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 I Charity status The charity is a private company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable lo contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is.. The Hutts Hutls Lane Grewelthorpe Ripon North Yorkshire HG4 3DA These financial statements were aulhorised for issue by the trustees on 17 January 2025. 2 Accounting pollcSes Summary of signlflcant accounting pollcles and key accounting estlmates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compllance The financial statements have been prepared in accordance with the Statement of Recommended PraGliee.' Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 issued in October 2019 ISORP 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021, the Charities Act 2011 and the Companies Act 2006. Basls of preparation The Hutts Foundation meets the definition of a public benefit entity under FRS 102. These financial statements have been prepared under the historical cost convention with items recognised initially at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes, Going concern The trustees consider thal there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 10
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been mel. Where performance conditions are attached lo the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income lo be released. Government grants Grants rel£ting to revenue are reeognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support lo the enlily with no future related costs shall be recognised in income in the period in which il becomes receivable. Deferred income Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, il has been received. Such income is only deferred when.. The donor specifies that the grant or donation must only be used in future accounting periods., or The donor has imposed conditions which musl be met before the charity has unconditional entitlement, Glft ald Gift aid receivable is included in income when there is a valid declaration from the donor, Any gift aid amount recovered on a donation is considered to be parl of that gift and is treated as an addition lo the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consislenl with the use of resources, with central staff costs allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in allracling voluntary income, the management of investments and those incurred in trading activities that raise funds. Page 11
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating propety costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable lo the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. DepreclatSon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset class Depreclatlon method and rate 33.30/0 per annum on a straight line basi5 33. 30/0 per annum on a straight line basis 33. 3 /0 per annum on a straight line basis Garden improvements Sculptures Office equipment Debtors Debtors (including trade debtors) are measured on initial recognition al settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts, Page 12
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is reslricled lo that area or purpose. Defined contribution penslon scheme The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation lo pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. Financial instruments The charity accounts for basic financial instruments on initial reeognilion as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 10 11.19, FRS102 SORP. 3 Income from donatlons and legacies Unrestrlcted funds General Restrlcted funds Total 2024 Total 2023 Don8tions from individuals Gift aid reclaimed Government grants 112,120 15,365 1,000 340 112,460 15,365 1,000 30,000 2,821 3,586 36,407 128,485 340 128,825 4 Income from charitable activSties Unrestricted funds General Total 2024 Total 2023 Garden entry Talks including travel Workshops 275,041 1,525 3,000 275,041 1,525 3,000 279,566 226,479 916 279,566 227,395 Page 13
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 5 Income from other trading activities Unrestricted funds General Total funds Total for 2024 Total for 2023 594 594 6 Other income Unrestricted funds General Total 2024 Total 2023 Room hire 447 447 360 7 Expendlture on raislng funds Costs of tradSng actlvlties Unrestricted funds General Total 2024 Total 2023 Marketing and publicity 11,715 11,715 11,715 9,891 9,891 11,715 Page 14
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 8 Expenditure on charitable activities Unrestricted funds General Total 2024 Total 2023 Note Purchases Freight and carriage Costs of workshops Wages recharge Rent Rates Light and heating Repairs and maintenance Plant care Computer and slalionery costs Toilets hire Children's activities costs Sundry expenses Cleaning Travel and subsistence Clothing Consultancy fees Subseriplions Charitable donations Depreciation Staff costs Allocated support costs Governance costs 297 109 89 1,850 12,893 19,300 2,148 544 16,205 6,862 1,822 1,131 1,541 23 6,267 332 1,134 89 1,850 12,893 19,300 2,148 544 16,205 6,862 1,822 1,131 1.541 23 6,287 332 1,134 7,840 19,300 2,039 921 28,080 4,800 2,843 798 165 98 7,268 1,526 5,678 1,241 1,926 1,060 3,147 192,280 10,477 (906 280,125 1,926 1,060 3,147 192,280 10,477 906 2,731 190,808 18,022 3,000 11 280,125 295,564 9 Other expenditure Total 2024 Total 2023 Other resources expended Note 50 50 Page 15
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 10 Staff costs The aggregate payroll costs were as follows.. Unrestricted funds General Restricted funds Total 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Pension costs Other staff costs 169,861 14,441 4,410 3,568 192,280 169,861 14,441 4,410 3,568 192,280 169,033 14,550 4,582 2,643 190,808 The monthly average number of persons (including senior management I leadership team) employed by Ihe charity during the year based on head count was as follows.. 2024 No 2023 No Gardeners Admin 10 12 The monthly avera9e number of persons {including senior management I leadership team) employecl by the charity during the year expressed as full time equivalenls was as follows.. 2024 No 2023 No Gardeners Admin 6 {2023 71 of the above employees participated in the Defined Contribution Pension Schemes. Contributions to the employee pension schemes for the year totalled £4,41012023 £4,582). No employees received total employee benefits of more than £60,000 in the current or prior year. The total employee benefits of the key management personnel of the charity were £Nil {2023 - £Nil). Page 16
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 11 Analysis of governance and support costs Support costs allocated to charltable actlvities Unrestricted funds Total Total Basis of allocatlon 100% General 2024 2023 Legal and professional fees Card machine and bank charges Bank interest payable Staff training Insurance Advertising 545 1,479 720 1,577 6,144 12 545 1,479 720 1,577 6,144 12 10,890 1,465 969 180 3,557 961 100% 100% 10,477 10,477 18,022 Governance costs Unrestrlcted funds General Total 2024 Total 2023 Independent examiner fees Examination of the financial statements 906 906 3,000 3,000 906 906 12 Trustees remuneration and expenses No trustees, noi any persons connected with them, have received any remuneration from the charity during the year. During the year the charity made the following transactions with trustees.. Mr W G D Roberts £1,11612023. £482) of expenses were reimbursed lo Mr W G D Roberts during the year. Expenses reimbursed consisted of £1,116 (2023. £482) for petrol for garden machinery, consumables and Facebook advertising. Mr P W D Roberts £19812023.. £87} of expenses were reimbursed lo Mr P W D Roberts during the year, Expenses reimbursed being for insurance costs (2023 engraving coslsl. Page17
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 13 Independent examiner's remuneration 2024 2023 Examination of the financial statements {906 3,000 Page 18
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 14 Taxation The charity is a registered charity and is therefore exempt from taxation. 15 Tangible fixed assets Woodland Garden Garden Improvements Sculptures Total Cost Al 31 March 2023 245,000 63,812 56,783 365,575 At 30 March 2024 245,000 63,812 56,763 385,575 Depreclation Al 31 March 2023 Charge for the year At 30 March 2024 63,812 50,044 3,147 113,856 3,147 63,812 53,191 117,003 Net book value At 30 March 2024 245,000 3,572 248,572 AI 30 March 2023 245,000 6,719 251,719 16 Debtors 2024 2023 Prepayments and accrued income Other debtors 15,330 66 13,888 541 15,396 14,429 17 Creditors: amounts falling due wlthin one year 2024 2023 Bank loans Trade creditors Other taxation and social security Qther creditors Accruals Deferred income 10,833 8,461 8,509 78,057 4,910 11,311 122,081 10,000 8,131 2,739 191,871 12,090 5,484 230,315 Page 19
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 2024 2023 Deferred income at 31 March 2023 Resources deferred in the period Amounts released from previous periods 5,484 11,311 5,484 5,484 Deferred income al year end 11,311 5,484 18 Creditors: amounts falllng due after one year 2024 2023 Bank loans 13,333 23,333 19 Bank loans The charity received a Bounce Back Loan for £50,000 during the year ended 30 March 2021. The loan balance outstanding is disclosed on the balance sheet under, Credilors.amounls falling due with one year £10,83312023'. £10,000) Creditors'.amounls falling due after one year £13,33312023. £23,333) 20 Obllgatlons under leases and hlre purchase contracts Operatlng lease commitments Total fulLfre minimum lease payments under non-cancellable operating leases are as follows.. 2024 2023 Land and buildings Within one year Other Within one year 14,000 14,000 3,500 17,500 3,500 17,500 The amount of non-cancellable operating lease payments recognised as an expense during the year was £19,30012023, £19,300). Page 20
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 21 Funds Balance at 31 March 2023 Incoming resources Resources expended Balance at 30 March 2024 Unrestrlcted funds General 14,848 408,498 (291,8401 131,506 Restricted funds 340 340 Total funds 14,848 408,838 1291,840 131,846 The unrestricted funds are available for use at the discretion of the charity in furtherance of the general objectives, The restricted funds are donations received towards acquiring an all terrain mobility scooter for visitor use. 22 Analysis of net assets between funds Unrestrlcted funds General Total funds at 30 March 2024 Restricted funds Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets 248,572 18,348 (122,081) 13,333 248,572 18,688 (122,081) 13,333 340 131,506 340 131,846 Unrestricted funds General Total funds at 30 March 2023 Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets 251,719 16,777 (230,3151 (23, 333} 14,848 251,719 16,777 1230,315) 23,3331 14,848 Page 21
The Hutts Foundation Notes to the Financial Statements for the Year Ended 30 March 2024 23 Related party transactlons During the year the charity made the following related party transactions.. W G D Roberts During the year the trustee was reimbursed £1,116 (2023,. £4821 expenses as disclosed in note 10. The majority of the sculptures in the gardens are owned by W G D Roberts and rented to the charity free of charge. During the year the charity received £2,000 {2023. £nil) in donations from the trustee. Countrywlde Leisure Management Countrywide Leisure Management is controlled by one of the Charity's trustees, P W D Roberts. During the year £29,404 (2023. £19,095) wages and pension costs were rechar9ed from Countrywide Leisure Management. Expenses of £1,861 12023. £7,915) were paid to Countrywide Leisure Management on behalf of The Hutls Foundation during the year, The charity received £56,490 12023.. £47,795) from Countrywide Leisure Management for garden entry ticket sales received via Countrywide Leisure Management. The charity also paid £8,50012023.' £8,500) during the year to Countrywide Leisure Management for the Sculptures, Norse Shelter and access to the car park rent charge. Included in other creditors is an amount of £75,965 {2023.. £122.8611 due to Countrywide Leisure Managemenl. Manor Farm Partnership Manor Farm Partnership is contro51ed by one of the Charity's trustees, W G D Roberts, The charity paid £10,80012023.' £10,800) lo Manor Farm Partnership for the rental of property. Included in other debtors is an amount of £nil12023.' £5431 due from Manor Farm Partnership. P W D Roberts During the year the trustee was reimbursed £19812023. £871 expenses as disclosed in note 10. During the year the charity received £109,914 {2023'. £30,000) in donations from the the trustee. Included in other creditors is an amount of £nil12023. £68,000) due to P W D Roberts. Page 22