CHARITY REGISTRATION NUMBER: 1162566 Sheffield Botanical Gardens Trust Unaudited Financial Statements 31 March 2025 ALLEN, WEST AND FOSTER Chartered accountants Omega CoLJrt 364-366 Cemetery Road Sheffield S118Fr
Sheff ield Botanical Gardens Trust Financlal Stalemenls Year ended 31 March 2025 Page Trust&85' annual report Indèpendent sxaminerfs report to the trustees Statement ol financial activibes Statement ol linancial position Notes lo the linanclal statements
Sheffield Botanlcal Gardens Trust Trustees, Annual Report Year ended 31 March 2025 The trustees present their report and th8 unauditéd financial Statements ol the charity lor the yaar endod 31 March 2025. Reterence and @dmlnlstratlve detalls Rè91sler8d ¢hgrlty name Sheffield Botanical Gardens Trust Charlty reglstrallon numb&r 1162566 Princlpal ottice Omega Court 364-366 Cemelary Road Shelfield S118FT Thè trusteas M R Slev8nson- Chair Mr J F 8 Hopkins Mrs J M Quibell MsCARoso Mr M Sibley Ms K Hors6field Ms R A Hunter (Resigned 20 February 20251 (Resigned 20 February 20251 Indepandenl examlner Slepheri Allen BA (Honsl ACA FCCA Omega Court 364-366 Cemetery Road Sheffield S11 8
Sheffield Botanical Gardens Trust Trustees, Annual Report (Gonllntsedl Year ended 31 March 2025 Structur&i governance and managament The Trust 15 constituted as a Charitab18 Incorporated Organi58tion la "CIO'I and was registered as a charity under the Charit185 Act 2011 on 7 July 2015. 11 is aclminislered and managed by the Trustees in accordancè with the powers sel out in the Trust's Gonstitution which arnongsi other things prohibits the borrowing ol money and commitm8nl to expenditure for which tun¢s are not already availabl8. The body DI Trustees consists ol up to sèven Trusle&s of whom up to two may be Nominatad Trustees. The Norninaled Trustee5 are appointed by the Friends ol the BDlanical Gardens I'FOBS"). Each Nominated Tiustee appoiniment Is made at a meeting cofivened and held according lo the ordinary practic8 ol FOBS and is effe1ve from Ihe later ol the date ol thè vacancy being filled by that appointment and the date on which the other Trustees or the Trust secretary or cl8rk are Informed of th8 appointment. New Trustees (other than Norninated Tru5teÉsl are appointed by a resolution ol thè Trustees at a Trustee's m6eling convened pursuant lo the Trust's Conslilution. By an agreem8nl datod 29 October 2015 1.the Transfer") Shett181d Botanical Garden5 Trust (whose registered charity number was 1057845 and which is fK)w 1162566111 I the Original Charily'l Iianslerred its entire activities and asset5 to the Trust. The Charity Commission consented lo the Transfer. The Trvsi has the same purposes and obj8ctiv8s as the Original Charity. The reason lor establishin9 the Trust was lo lacililale the r8developmenl ol the Education Centr8 1 the Redevelopment"). Having esiablished the CIO It was considered to be more efficacious for the CIO to lake over Ihg rest ol the business ol the Original Gharity and il did. Th8 RedevElopment was carried out by the Sheffielcj City Council with funds glfted to it the Trust. These funds wgre part ol the assets transferred lo the Tru51 from the Original Charity pursuant lo the Translgr. Th8 Original Charity continues lor the purpose of re¢eiving18gacies and gifts. For ease ot oryoing management of the Original Charity, the Trust applied to the D8partrnent ol Juslice a1 was aulhorised to become th8 sole corporate Iruslee ol the Original Chafily Objectlve$ and activltlès The objectives ol the Trust ara lo improve and refurbish the Sheffield Botanical GarcJ&ns Ilhe "Gardens'l, its collections and its buildings lor the 8ducation and benefit ol the inhabitants of Sheffield and ils surrounding areas. The Trusi raises funds f(>r the developrnent and relurbishmenl ol the bui1Llings and lighiino ol the Gardens, thèir inlerprelalion and promotion and the Improvemenl ol the plant collection throughout the Gardens. It also rai58S funds lor the provision ol education programm95 relating to Ihg Gardens based In and around the Education Centre. The Trustees confirm that they have refèrred to the guidan¢e containad in the Charity Comrnis5ion's gen8ral guidance on public benefit when reviewiffj the Tiusl's aims and objectives and in planning future activities,
Sheffield Botanical Gardens Trust Trustees. Annual Report Icontlnued) Year ended 31 March 2025 Achlev&ments and performanc• During th8 reporting period, Sheffield Botanical Gardens Trust received income from a eombination ol clonaiions: grant5 and Investment ineome. The 2024125 financial year was a period of signilicant progress an achievomeni lor the charily. Major milestoTr&s included the establishment and official opgning of the new Volunt8£r Cèntre, substantial investmenl in garden refurbishment projects, and the continuation of educalion and 9ngagemenl initiativ&s Ihrougth the Dorothy Fox Educalion Centre. The Trust also provided ongoing support for visitor facilities such as bench85 and trails, published a new history ol the Gardens, and celebra18d the 40th anniversary ol the Friends ol the Botanical Gardens. In addition, the Trust was th8 recipiont ol a gènerous legaey Irorn the estate of Dr Jill Thompson, ensuring lurth6r support lor its charitable objeetiv&s. Gardèn Improvements During the reporting period, the Trust awroved funding for a planting programme proposed by Andrea Jones Head Gardener. This included live projects with a conibined cost of £9,500, ong ol which-the New Zealand planting project-was cornmenced during the year. The N8w Zealand Garden, which is being replanted with Spla11$1 plants and f9rns io creat8 an important new attraction was allocated £5,000 ol the total. The Trust also supported a number ol gravel-rela18d projects, including ifflprovements to the Award of Garden Merit dry bed, the Marnock Gard8n. the Mediterranean Garden, the Rock and Water Garden, and the provision of red granite gravèl lor the Pavilions. The renewal ol the bed near the main gat8hou5e has creatèd a particularly attractive display. Enhanc8m8nts lo the Rock and Water Gaiclen were further complem8nl8d by the planting ol an Acer Japanese Mae and a matur8 Cloud-Prun8d Pina. Vlsltor Facilities The Trust continues lo support a rolling programme ol maintenance and repair ol benches in partn8r$hip with Sheffield City Council. This includes replacing 8XiSting wooden benches with new metal benehes that require minirnal mainienance, are moig SU51ainable, and oller greater longevity. In total, 16 new baneh88 w8re installed during the pericd, with th8 Trust awarding £2,680151Y/o of the total costl towards this worff. In addition, £1.550 was allocated to the creation ol new signage. enabling a r8configuralion ol th8 popular Ri(Jdle Trail 10 enhance the visitor gxp8ri8nce. Dorothy Fox Education Centre The Trust provided £S,ODO, matched by Sheffield City Council, towards thè eonstru¢iion of a new corridor at the Dorothy Fox Education Cenlie. Completed during the summer, this project has Improved th8 functionality and use ol space within the building. Shemield Council was granl8d £8,000 from the Trust for sal&ty railings, tarmacking, fencing, new signage and improvements to th8 entrance gateway ol the Dorothy Fox Education Genlre. Volunteer Cen One ol th8 most 8ignificant achievements of the year was the establishment ol a new Volunt8er Centre, located just below the Dorothy Fox Education Cenlie and adja¢enl lo the waintenance yard. The C8ntre provides a welcomiry indoor space where members ol the Friends ol the Botanical Gardens IFOBSI and oth8r volunteers can relax, prepare relreshmenls, and store belongings while working in th8 Gardens, The Trust oranled £52,395 10 fund the project, which included the dernolilion DI th8 existing sheds: removal of a brick wall, and extension ol the concrele pad lo accomfflodale the prelabri¢ated building. The facility was off icially opened on 27 May 2025 by The Right Worshipful Lord Mayor ol Shettield, Councillor Saliya Saeed.
Sheffield Botanlcal Gardens Trust Truslees, Annual Report Iw)iinuedl Year ended 31 March 2025 Achlevemenl$ and rfOrMance (contlnu¢dJ Educatlon and Communlty Engagement The Trust continues lo support the Education Offic8r post within the Gardens, delivered as part ol a joint application to the National Heritage Lottery Fund INHLFI. Under Ihe terms ol thi5 agreement, the Trust 15 liable lor a potential £8.000-t9,000 per year lo¥vard5 this post until 31 March 2027. The first of these payments fell within the reporting period. with £4.000 Invoiced and pèid. To mark the 40th anniversary ol the Friends of the Botanical Gardens, the Trust contributed £500 towards th8 c8lebrabon h&ld on 4 August 2024. which included refreshments and music from a brass band. Publl¢atlons and Cultural Conlrlbutlons The Trust supported the publlcation ol Ali50n Hunter's IIIusirated History of the Botanical Gardans. an important resource lor ProoI1ng the Gard8ns and their eduealional value. A print run ol 154 copies was produced al a cost of t1.875, with éach copy retailing al £24.95. Before dedvcling sales costs, the TrLSSI anticipates a gross return of £1.967. L890¢18s and Investmants Thg Trust Is d8eply gralÈful to its supporters who continue lo rernernber the Gardens in thèir wills. During the reporting period, the Trusl received a further 16gacy instalment of £43.368 from the e5tale of Dr Jill Thompson. This generous gift will Pfovlde vital support lor the Trust's charitable obigctives In lulure years. The Trust gratèfully received an in memoriam donation or £14,882 from Chris and Melanie Holdsworth. to honour their parerils, Dr Dprek and Vanèssa Holdsworth and to ragnISe their parents. love and enioymenl ol the gardens. The Trustees wish lo record their sincere appreciation. The investment strategy policy that was adopted tyy th8 Trust in the 2017118 year continu85 in place Wllh Investments made an(J continuing lo be made In compliance with this policy. The finance sub-committ&e continuès to meet and monitor the Iiivesttn8nl portfolio and additions Iherelo and repoft5 to the Trustees at every meeting. Flnancial r8vlew Unreslricled lynds." Incorning r8sources Inel of / including gains on Inveslm8Filsl amounted to £131,35512024 £418,0541 and expenditure of £21.701 12024 - £26,523) was Incurred. Aller the surplus lor the year ol £110.182 12024- e391.5311 tsnrestricled funds increased lo £1,230.907 as 0131 March 202512024." £1,120.7251, Reslrictgd funds.. Incoming resources amounted to £Nil 12024 - £Nill. Restricted expenditure in the y8ar was £43,893 12024 - £24,978), with the restricted funds carriad fOard on 31 Mar¢h 2025 arnounb'ng to £15,981 12024.. £59.8741. Resgrves are currendy hekl in deposit accounts and investments rnanaged by Ralhbones Investment Management. The trustees, annual report was aFproved on 19 September 2025 and signed on behalf ol th8 board ol trustees by.. Mr M R Stev2nson- Ghair Trustee Mr M Siblay Trustee
Sheffield Botanical Gardens Trust Independent Examiner's Report to the Trustees ol Sheff leld Bolanical Gardens Trusl Year ended 31 March 2025 I report lo the trustees on my examination of the financial stat8fflenls ol Sheffield Botanical Gardens Trust Ilhe ¢harily'l lor the year end$d 31 March 2025. R8$ponsSblllti•8 and b8$58 01 report As Ihe trustees of the charity you afe responsible for the preparation of the financial statements in accordance with the quirementS of the Charities Act 2011 1'th& Acl'l. I report in respect of my examination of Ihs ¢harily's Ilnancial stat9ments carried out under section 145 of the 2011 Act and in carrying out my exatnination I have followed all th8 applicable Directlon5 given by th8 Charity Cornmission under section 14515llbl of the Act. Ind&pendenl examiner's ststement I have compl8fed my examination. I confirm that no maleriai matters have come to my &tteTrlion in connection with th8 examination giving mo Cause to b81ieve that in any material re5pecl'. accounting records were not kept in r8sp8Ct ol the charity as required by section 130 01 the Act- or the financial staternents do not accord with those records.. or the financial statements do nol cornply wilh Ihe applicable requirements concerning the form and content of accounis set out in the Gharilies (Aceounls and Reports) Regulation5 2008 oth$r than any requirement Ihai the accounts give a 'lrue and lair, view which is not a tnatler considered as part of an Independent examination. I have no concerns and have com8 across no other matters in conn8clion with thg gxamination lo which attention should be drawn in this rèport in order to enable a proper understanding ol the accounts lo bè ached. Steph8ri Allen BA (Honsl ACA FCCA Independent Examin8r Omega Court 384-366 Cemetery Road Sheffield S118FT
Sheffield Botanical Gardens Trust Slatement of Flnancial Actlvities Year ended 31 March 2025 2025 Restricted funds Total tunds 2024 Unrestricted funds Total funds Note Income and endowments Donalions an(J18gacies Totèl income 126,915 126,915 431,835 431,835 126,915 126,915 Expenditure Expenditure on charitable activities Total èxpttndlture 21,701 21.701 43,893 65,594 51,501 51.501 43,893 65,594 Net gain51110s8951 on inve5tsll8nts 4,968 4,968 113,7811 Net incom8 and net movomant in funds 110,182 143,8931 66,289 366,553 R8conclllatlon of funds Total funds brought forward Totsl fund$ ¢¢rrled forward 1,120,725 1,230,907 59.874 1,180,599 814,046 15,981 1,246,888 1.1 eo,599 The statement of financial &lfvitl8s includes all oains and losses recognised in the year. All incorne and expenditure derive from continuing activities. The notes on pages 8 to 13 lomi port ol these flnancial statèments.
Sheffield Botanical Gardens Trust Statement of Financlal Posillon 31 March 2025 2025 2024 Flxed ass•ts Investments Note Current as$Èts Debtors Investments Cash at bank and in hand 12 13 14,806 913,093 323,363 1,251,262 17,361 908,124 259,361 1,184,846 Credltors.. 8mounts lallrng du• withln one yèai Net currènt assets 14 4,375 1,248,887 4,248 1,180,598 1,180,599 Total assets less current Ilabllitles Net ossets 1,246,888 1,246,888 1,180,599 Funds of thè charity Resiricted funds Unr8Stricted funds 15,981 1,230,907 1,246,888 59,874 1,120,725 Total charlty funds 15 1,180,599 These financial stalgmenls were approv8d by the board ol Irust88s and authori5ed lor issue on 19 Sèpt8mber 2025, and are signed on beha of the board by- Mr M R Stevenson - Chair Trustee rdr M Siblgy Trustee Tha notes on pages 8 to 13 lom) part of these Ilnanel81 $tstements.
Shelfield Bolanical Gardens Trust Notes to Ihe Financial Statemenls Year ended 31 March 2025 General Informatlon The charity Is a public benefit enb.ty and a registered charity in England and Wales and is unincorporat8d under the Companies Act. The address ol the prin¢ipal ollice Is Omega Court. 364-366 Cemet8ry Road, Sheffield, Sl 1 8K, Statement of ¢ompllanc8 These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard appli¢ab18 in the UK and th8 Flepublr of Ireland., Ihg Statement ol Re¢omm8nded Pra¢lice applicable lo charities preparing their sOUntS in accordance with tho Financial Repoiting Standard applicable in the UK and Républic of Ir81and IFRS 1021 Icharities SORP IFFIS 10211 and the Charities Act 2011. Aecounling poll¢les Bssls ot preparatlon The financial statements hav8 been prepared on Ihe historical cost basis, as modilled by the revaluation of certain financial assets and liabi1Sties measurèd al fair valu8 through In¢ome or expenditure. The finanoal slatem8nls are prepar8d in sterling. which is th8 functional currency of the gntity. Golng conc•rn There are no material uncertainties about the charity's ability lo continue. Judg&m&nt$ and key $ourc8s of estimation uncertalnty Judgements and key sources ol eslimalion uncgrtainly In the application ol the Chanty's accounting policies. Ihe Trusl68s are require¢J lo make judgern6nts, estimat9s ancj assumptions about the carrying amount ol assets and Iiabililies thai are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other lactors thal are Considered lo be relevant. Actual resu115 may dilfer from these eslimales. Th6 &slimates and underlying assurnplions are reviewed on an ongoing basis. Revisions to accounting estimates are r6¢0gnis8d in tha period in which th6 9Stimale is revised where the revision aflecis only that period, or In the period of th8 révision and tutur8 periods where the ievtsion affects both current and future periixls. Thère wgre no significant judg8tnents Di estimat&s in relation lo the year under review. Fund ¥ccountlng Unrgstricled lunds are available foi use al the discretion ol th8 trustees lo further any ol the ¢harily's purposes. Dèsignated funds a unr85tricled funds earrnarked by the trusts88 lor particular future project or commitrnent. Aeslricled fund5 arg subjected to restrictions on their expenditure déclared by the donor or through th8 term5 01 an appeal, and Idl into one ol two 5ub-classes- restricted income funds or endowment funds.
Sheffield Botanical Gardens Trust Notes to Ihe Financial Stalements leontinued) Year ended 31 March 2025 Accounllng policlès Iconllntsed} Invéstrnent8 Unlisted eouily investments are inlhally e0rded al cost, and subsequently measurgd at lair value. 11 fair value cannol be reliably measured, ass8ts are measuf8d at cost less impairment. Listed investments are measured at lair value wilh changes In fair value being recognised in income or expenditur8. Investments in associat05 Investments in associal8s accounlgd for in awordance with the cost model are r8corded at cost less any accurnulaled Impairment losses. Investments In a$sociates accounted lor in accordance with the lair value model are initially recorded al the Iransaclion pric6. Al each rèporting Oato, the Investments are measured al lair value, with changes In lair value taken through Income or expenoilure. Where Il Is Itnpraclicable to measure lair value reliably without undue ¢05101 effort. the eosl model will be adopted. Dividends and other distributions received Irorn the investment are recconised as income wilhoul r8gard lo wh81her the distributions arg from accumulated profits of the associate arising beforé or after the dale of acquisition. ImpaSrm8nt of flxed 0$88ts A revi8w lor indicators ol impairment is carried out at each reporting date, wrth the recoverable amount being $slimaled where such indicators exist. Whère the carrying value 8xceeds the recoverable amount the asset is impaired accordingly. Prior itnpairm8n15 are also review8d lor possible reversal al each reporting dat8. For the purposes ol impairmgnl lesling, when il is not possible lo eslirnate the recovérable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unil lo which the asset bélongs. The cash-g&n&rating unit is the sffla119St id6nlifiable group ol assets that includes the asset and generat85 cash inflows that largely independent of the cash inflows from other assets or groups ol ass$ts. DonatIor and l8g¥cies Unreslriclod Total Funds Unreslrieled Total Funds Funds 2025 Funds 2024 Donallon$ Donations from FOBS Donats'on5 from individuals Fee, Evonts and Sponsorship Sponsorship of panes ol glass, trees and benches Interest & Inv8slrnent income H80 Filrning 5,000 7,916 1,000 5,OCx) 7,916 1,000 10,000 7,735 7,000 10,000 7,735 7,000 1,000 53,768 1,000 53,768 33,902 1,500 33,902 1,500
Sheffield Botanlcal Gardens Trust Notes to the Flnancial Slatemenls (¢ontlnueLI) Year ended 31 March 2025 Donations and legaci8s Icont1ntdJ Unrestrictèd Total Funds Funds 2025 Unrsstricl6d Total Funds Funds 2024 Leg8clès Lggacies 58,231 126,915 58,231 126,915 371,698 431,835 371,698 431,835 Expendlture on charltable actlvilles by lund type Unrestricted Funds Flestricted Totol Fund$ Funds 2025 Expenditur8 21,701 43,893 65,594 Unreslricled Funds Restri¢led Total Funds Funds 2024 Expenditure 26,523 24,978 51,501 An8lysl$ ol •xpendlture 2025 2024 Accountancy fees Independent examinsr's fees Stationery, printing and postage Charitable grants In5uran¢e Donah'on Kiosks I W£bsite costs Bank and investrnent charges L8gal and prolessional fees Room Hire Event costs (FOBS 40th) Trav61 a1 subslstencè 3,625 750 2,013 55.522 563 1.702 S45 90 200 575 3,498 750 44,468 554 1.584 370 60 217 Total 65.594 51.501 Included within the expenses is £43,893 of restricted expenditure for projects lo repair and maintenance the gardens. Net gainslllossesl on Invgstmgnts Unrestrieted Total Funds Funds 2025 Urnroslricte(J Total Funds Fun(Js 2024 Gainslllossasl on other investment assets 4,968 4,968 113,7811 113,7811 10
Shelfield Botanical Gardens Trust Noles to the Financlal Statements (QonttftJ Year ended 31 March 2025 Independent ax•minatlon fees 2025 2024 Fees payable to thè independent examiner for.. Independènt examination ol the financial statefflents 750 750 Stait costs Thg avarag8 head count of emtyoy8e5 during the year was Nil12024: Nill. No employeg rec8ived employee benefits ol rnore than £60,000 during the year12024.' None). 10. Trustee r•mun8ratlon and èxpen8•S The trustees ree8ived remungration of £Nil12024.. £Nill. Thè trustees rac8ived expenses 01 £2412024.. £801. 11. Investmènts Shares In group undertaklngs Cost or v8luatlon At 1 Apr 2024 and 31 Mar 2026 Impairment At 1 Apr 2024 and 31 Mar 2025 Cairylng amount At 31 Mar 2025 At 31 Mar 2024 All investments shown above ar& hgld at valuation. Thé investment of £1 is for Sheffield Botanical Gardens Limited. 12. Dabtor8 2025 2024 Other debtors 14,806 17,361 13. Investmonts 2025 2024 Quoted Securities 913,093 908,124 During the y&ar, there were no additional investments or sales ol inveslmenls. Due to th9 rise in the market valuès during th8 year, there was a lair value adjustment of £4,968 at the year end.
Sheffield Botanlcal Gardens Trust Notes to the Flnancial Statements (conllnt1 Year ended 31 March 2025 14. Creditors: amounts falllng due wSthln one yoar 2025 2024 Accruals and deferred income 4,375 4,248 15. Analysls of ClItabl8 lunds Unrestricted lund$ Gains aThY At losses 31 Mar 2025 At 1 Apr 2024 Income Expenditure Gen8ral fund5 1,120,725 126,915 121,7011 4,968 1.230,907 Gains and At losses 31 Mar 2024 At 1 Apr 2023 Incom& Expenditure General funds 729,194 431,835 126,5231 113,7811 1,120,72S Restricted lunds Gains and At losses 31 Mar 2025 Al 1 Api 2024 Income Expénditure FOBS Project and 50,352 6,522 Shetfield Town Trust J G Grave5 Charitable Trust Freshgale Trust Other resiricted luThYs 135,8931 15,0001 14,459 1,522 3.OCK) 13.0001 59,874 143,8931 15,981 Gains and Al losses 31 Mar 2024 At l Apr 2023 Incorne Expenditure FOBS Project and 50,352 20,000 Sheffield Town Tru51 J G Graves Charitablg Trust Freshgal8 Tru$l Other r85tricled funds 50,352 6,522 113,4781 3.000 10.000 1,500 3,000 110,0001 11,5001 124.9781 84,852 59,874 12
Shelfield Botanical Gardens Trust Notes to the Financial Statements leon11n(lI Year ended 31 March 2025 16. Analysls ol nèt assets belwoon lunds Unrestricted Funds Restricted Total Funds Funds 2025 Investments Current assels Creditors less than 1 year Net asgets 1,235,281 14,3751 1,230,907 15,981 1.251,262 14,3751 1,246,888 1S,9e1 Unrestricted Funds Restricted Total Fun(15 Funds 2024 Invgstments Current assets Creditors less than 1 year Not a59ets 1.124,972 14,2481 1,120,725 59,874 1,184,846 14,2481 1,180,599 59,874 17. Contlngent Ilabilrties The Trust issued a grant ofler letter to ShefField City Council lor the education officer lor the Education Centre project. It offered to match fund with the National HerilagÈ Lottery Fund INHLFI the costs ol a deVeloent officer lor one y8ar to formulate a two year education program lor delivèry by an education officer Ilhe 'Developfflenl Phase'l and the costs ol an edUcaton oNic@r lor Llelivery ol thai programmo OV8r th8 nexi two years (the "Delivery Phase'l. Ttrie Delivery Phase was conlingenl upon NHLF agreeing the 8ducation programrne. The liability of the Tru¢ t lor the D8velopm&nl Phase was £4,656 and this has bèen mel in lull by the Tnjst following completion ol the Development Phase. Following the SLJCC8ssful appiication to NHLF by Shemield City Council lassislerj by the Trust) for funding for Ihe Delivery Phase In early Summer 2021, the Trust was liablg lon a matched lun¢Jing basis) lor parl ol the costs lor the education olficgr for the two year Dolivery Phase ol up to £16,007 lapproximaièly £8.000 Por annuml which phasè has now completed and the Trust 1iabillly has been mel in full by the Trust (although invoicèd and paid in the ne¥1 period). Under Ihe NHLF agreetnent, the Trust is committ£d lo a potential £8,000 - £9,000 per annum ol funding for years 3-5 linclusiv91 ol the education officer's post which, provided th8 proj8cI 15 not further exlendeol, will 8xpire In the periocl ending 31 Mar¢h 2027. In this period th6 Trust has discharged it's year 3 liability in the arnount 01 £4.000. 13