**REGISTERED COMPANY NUMBER: CE010640 (England and Wales) REGISTERED CHARITY NUMBER: 1174033**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **FOR**
## **THE KEW GUILD**
Xeinadin Isle of Wight
1 Langley Court Pyle Street Newport Isle of Wight PO30 1LA
**THE KEW GUILD**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 5|
|**Independent Examiner's Report**|6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8 to 9|
|**Notes to the Financial Statements**|10 to 18|
|**Detailed Statement of Financial Activities**|19 to 20|
**THE KEW GUILD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
The Board of The Kew Guild is pleased to present its report together with the examined financial statements for the year ended 31 December 2024.
The reference and administrative information set out on page 1 forms part of this report.
The Trustees confirm that the financial statements comply with the requirements of the Charities Act 2011, the constitution and byelaws, and the Statement of Recommended Practice - "Accounting and Reporting by Charities" (revised 2015).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's objectives and activities and in planning future activities.
## Objects
The Guild has three main objects as follows:
1. The advancement of horticultural, mycological and botanical knowledge for the benefit of the public, particularly (without limitation) in connection with the work of the Royal Botanic Gardens, Kew.
2. The encouragement and advancement of horticultural and botanical education for the benefit of the public, in particular at the Royal Botanic Gardens, Kew, including (without limitation) by the provision of awards, prizes and grants to schools and students.
3. To promote the improvement, preservation and sound management for the benefit of the public of places of natural beauty, gardens and lands of ecological, horticultural, mycological or botanical importance or interest.
Activities undertaken to achieve the objects:
-Arranging events and trips to various places of horticultural, mycological or botanical interest.
-Provision of Diploma and Science Prizes.
-Arranging and promoting of the Annual Dinner and an AGM Soiree.
-Managing the Award Scheme, publicising the availability of these funds and making awards.
-Collating suitable articles and information for the Journal and arranging for its publication.
-Awarding of Honorary Fellowships, the Kew Guild Medal, and the George Brown Memorial Award.
-Provision of a website to disseminate the historical record of the Kew Guild Journal to members and the wider public for research and other purposes. For use as a vehicle for communication amongst members.
## **Grant making policy**
The object of the Award Scheme is to help people further their education or widen their interest in botany, mycology and horticulture. The applications are assessed and approved by the Kew Guild Award Committee and successful awards are allocated from the appropriate fund.
The Award Committee reports on a regular basis to the Trustees Board. Awardees report on the receipt of an award by writing an article for the Journal.
Page 1
## **THE KEW GUILD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **OBJECTIVES AND ACTIVITIES**
## **Graham Heywood**
The sudden death in January 2023 of the Guild's President, Graham Heywood, was a great shock and a great loss to the Guild, his many friends at the Guild, and above all to his wife Eira and his family. Graham's funeral at St Paul's Church in Bolton on 20 February was attended by representatives of the Guild, and Past President Tony Overland paid tribute to Graham's kindness, extensive charity work, and dedication to achieving the Guild's objectives. He will be sorely missed.
## **FINANCIAL REVIEW**
## **Financial position**
Income and expenditure for the year ended 31 December 2024 included the following:
Income totalled £48,622. This included £7,191 from subscriptions, £ 28,748 from the Guild's investments, donations of £6,229. The unincorporated Kew Guild charity donated the investment income of £1,465 that it received from its four permanent endowment funds; this has been accounted for under restricted donations.
Expenditure on the Journal was £5,235 which was produced to an excellent standard; this included the cost for additional copies to distribute to the affiliate members. Other expenditure included £25,640 on a Horticultural programme for a student, and £3,000 donation to Forestry England for the Bedgebury National Pinetum.
There were unrealised gains on the Guild's investments of £15,286.
£170,620 in restricted funds, £504,586 in designated funds and £179,536 in the unrestricted general fund have been carried forward to 2025.
## **Investment policy and performance**
The Kew Guild invests its funds in the CCLA's Charities Official Investment Fund. The Board considers that for the value of the funds they have to invest this gives sufficient diversification to spread their risk and provide a reliable return. Gains were made during 2024. As the funds are invested for the long term the Board continues to believe that no change to the policy is required.
## **Reserves policy**
The Board has set a reserves policy, which requires:
Reserves to be maintained at a level which ensures that The Kew Guild's core activity could continue during a period of unforeseen difficulty. This level should cover two years of running costs of the organisation.
This proportion of reserves should be maintained in a readily realisable form
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Kew Guild is a charitable incorporated organisation (CIO), number 1174033, which is governed by a Constitution and Byelaws registered with the Charity Commission of England and Wales on the 31st July 2017. This Constitution and Byelaws set out the conditions for membership of the Guild and the structure by which the Guild should be managed by the Committee. The Constitution allow the Guild to invest in such shares, stocks, funds, securities, investments and property in any part of the world and upon such terms and conditions as the Board thinks fit.
Page 2
**THE KEW GUILD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Recruitment and appointment of new trustees**
The business of The Guild is conducted by a Board of Trustees "The Board" consisting of not less than seven (TBC) and not more than twelve elected Trustees. The Board will be supported by a Committee of ex officio, invited or co-opted members. The Board will elect from within its number a President, Two Vice Presidents, (each serving two years; one being appointed in each calendar year) a President Elect and an Award Scheme Chairperson. The position of Immediate Past President will follow the election of a new President.
The Board will elect from within its number a Membership Secretary, Treasurer, Editor, Events Officer and a Communications Secretary or failing any nominations may make external appointments to the Committee along with any other support to perform Guild functions.
The Board will also invite as ex officio members to the Committee the Principal of The School of Horticulture plus three Kew Diploma Students Representatives, one from each diploma year, to speak on behalf of the School and the student body.
The Board may appoint to the Committee Advisors including a Gardens Representative whose function will be to bring to the Board special expertise and experience in respect of Guild matters. Advisors may or may not be members of The Guild.
At every annual general meeting of the members of the CIO, one-third of the charity trustees shall retire from office. If the number of charity trustees is not three or a multiple of three, then the number nearest to one-third shall retire from office, but if there is only one charity trustee, he or she shall retire. The charity trustees to retire by rotation shall be those who have been longest in office since their last appointment or reappointment. If any trustees were last appointed or reappointed on the same day those to retire shall (unless they otherwise agree among themselves) be determined by lot. The vacancies so arising may be filled by the decision of the members at the annual general meeting; any vacancies not filled at the annual general meeting may be filled as provided for in the paragraph below.
The members of the charity trustees may at any time decide to appoint a new charity trustee, whether in place of a charity trustee who has retired or been removed in accordance with clause [15] (Retirement and removal of charity trustees) of the Constitution, or as an additional charity trustee, provided that the limit, specified in clause [12(3)] of the Constitution on the number of charity trustees would not as a result be exceeded.
A person so appointed by the members of the CIO shall retire in accordance with the provisions of sub-clauses (2) and (3) of clause 13 of the Constitution. A person so appointed by the charity trustees shall retire at the conclusion of the next annual general meeting after the date of his or her appointment, and shall not be counted for the purpose of determining which of the charity trustees is to retire by rotation at that meeting.
The details of persons standing for election or re-election to the Board will be included in the notice for the Annual General Meeting
## **Organisational structure**
The business of the charity is conducted by the Board who delegate day to day operations to the Voluntary Treasurer, Communicating Officer & Acting Secretary, Honorary Membership Secretary and Award Scheme sub-committee.
The Kew Guild charity (charity number 306064) has transferred its assets (apart from the four endowment funds), its liabilities and operations to a successor charity, the newly constituted Charitable Incorporated Organisation known as the Kew Guild CIO Charity (charity number 1174033) with effect from the 16th August 2018. The Kew Guild charity (306064) will continue in existence so as to safeguard any legacies left to the charity and to hold "on Trust" the permanent endowment funds. From the 7th October 2019 the Kew Guild charity (306064) appointed the Kew Guild CIO charity (1174033) as their sole corporate trustee.
Page 3
**THE KEW GUILD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Induction and training of new trustees**
Trustees are appointed from a list of potential candidates whose skills meet those required by the Board. Trustees receive the booklet entitled "The Essential Trustee - what you need to know", other relevant charity documents, a copy of the Kew Guild Constitution and Byelaw, along with other relevant Guild procedures. Reference is made to the Kew Journal which contains the financial statements of the Guild.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
CE010640 (England and Wales)
## **Registered Charity number**
1174033
## **Registered office**
Royal Botanic Garden The Herbarium Kew Green Richmond Surrey TW9 3AE
## **Trustees**
R Brett E Allen (appointed 4.3.25) T E M Pickering (appointed 12.11.24) C Hindmarch S Strickrodt B V Schoenaich R Barley C D A Kidd
## **Independent Examiner**
Simon Johnston BA FCA Xeinadin Isle of Wight 1 Langley Court Pyle Street Newport Isle of Wight PO30 1LA
## **PLANS FOR THE FUTURE**
The 5-year plan adopted at the 2021 AGM sets out programme areas linked to the Guild's priorities - Supporting educational initiatives, continuing to encourage membership of the Guild, expanding on the current successful Award Scheme and ensuring the sharing of horticultural, mycological and botanical knowledge to a wide audience.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of The Kew Guild for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 4
**THE KEW GUILD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
Company law requires the trustees to prepare financial statements for each financial year which 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 the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- 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 proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.
Approved by order of the board of trustees on 18 September 2025 and signed on its behalf by:
Trustee
Page 5
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KEW GUILD**
## **Independent examiner's report to the trustees of The Kew Guild ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
## **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.
Simon Johnston BA FCA The Institute of Chartered Accountants in England and Wales
Xeinadin Isle of Wight 1 Langley Court Pyle Street Newport Isle of Wight PO30 1LA
18 September 2025
Page 6
## **THE KEW GUILD**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**6,229**
**-**
**Charitable activities**
General
**7,318**
**6,327**
Investment income
2
**24,702 **
**4,047**
**Total**
**38,249**
**10,374**
**EXPENDITURE ON**
**Charitable activities**
General
**48,265**
**3,125**
Other
**-**
**-**
**Total**
**48,265**
**3,125**
Net gains on investments
**12,882 **
**2,404 **
**NET INCOME**
**2,866**
**9,653**
**Transfers between funds**
9
**(30,000) **
**30,000**
**Net movement in funds**
**(27,134)**
**39,653**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**711,256**
**130,967**
**TOTAL FUNDS CARRIED FORWARD**
**684,122**
**170,620**|**2024**
**Total**
**funds**
**£**
**6,229**
**13,645**
**28,749**
**48,623**
**51,390**
**-**
**51,390**
**15,286**
**12,519**
**-**
**12,519**
**842,223**
**854,742**|2023
Total
funds
£
4,362
49,202
22,433|
|---|---|---|
|||75,997|
|||30,677
-|
|||30,677|
|||57,493|
|||102,813
-|
|||102,813
739,410|
|||842,223|
The notes form part of these financial statements
Page 7
## **THE KEW GUILD**
## **BALANCE SHEET 31 DECEMBER 2024**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Investments
5
**587,512**
**CURRENT ASSETS**
Stocks
6
**2,205**
Debtors
7
**4,069**
Cash at bank
**98,725**
**104,999**
**CREDITORS**
Amounts falling due within one year
8
**(1,348)**
**NET CURRENT ASSETS**
**103,651 **
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**691,163**
**NET ASSETS**
**691,163**
**FUNDS**
9
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**157,976**
**-**
**2,378**
**6,500**
**8,878**
**(3,275)**
**5,603**
**163,579**
**163,579**|**2024**
**Total**
**funds**
**£**
**745,488**
**2,205**
**6,447**
**105,225**
**113,877**
**(4,623)**
**109,254 **
**854,742**
**854,742**
**684,122**
**170,620**
**854,742**|2023
Total
funds
£
683,164
2,205
8,399
158,845
169,449
(10,390)
159,059
842,223
842,223
711,256
130,967
842,223|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
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.
The notes form part of these financial statements
continued...
Page 8
**THE KEW GUILD**
**BALANCE SHEET - continued 31 DECEMBER 2024**
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 18 September 2025 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
Page 9
**THE KEW GUILD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income and endowments**
All income and endowments are included in the Statement of Financial Activities when the charity is legally entitled to the income, it is certain that the income will be received and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations, legacies and membership subscriptions and is included in full in the Statement of Financial Activities.
Income from charitable activities are received by way of events, membership activities and donations and are included in full in the Statement of Financial Activities.
Investment income generated by the four permanent endowment funds that are currently held by the Kew Guild unincorporated charity are treated as restricted donations (awards and prizes) in line with the original endowment purposes.
Investment income and deposit interest receivable is fully accrued at the balance sheet date.
## **Expenditure**
Expenditure is recognised on an accruals basis when a liability is incurred, as soon as there is a legal or constructive obligation committing the charity to the expenditure. Expenditure includes any VAT, which cannot be recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Awards and prizes payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such awards being recognised as expenditure when the conditions attaching to the awards are fulfilled. Award related support costs comprise office costs.
Governance costs include those costs primarily associated with meeting the constitutional and statutory requirements of the charity and include the costs linked to the charity's compliance with regulation and good practice.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to particular activity are allocated directly to those activities.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
continued...
Page 10
**THE KEW GUILD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of The Committee in furtherance of the charitable objectives of the Guild.
Designated funds comprise funds set aside by The Committee out of unrestricted funds for specific future purposes or projects.
Restricted funds comprise monies raised for, and their use restricted to, a specific purpose, or donations subject to conditions imposed by the donor or through the terms of an appeal.
Endowment funds comprise monies which must indefinitely be held as capital. The income therefrom can only be used for restricted purposes and is credited directly to restricted funds.
## **2. INVESTMENT INCOME**
|COIF Charities Investment Fund Income Units
COIF Charities Deposit Fund|**2024**
**£**
**19,986**
**8,763**
**28,749**|2023
£
18,948
3,485|
|---|---|---|
|||22,433|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
4,362
-
**Charitable activities**
General
43,604
5,598
Investment income
19,002
3,431
**Total**
66,968
9,029
**EXPENDITURE ON**
**Charitable activities**
General
18,259
12,418|Total
funds
£
4,362
49,202
22,433|
|---|---|
||75,997|
||30,677|
continued...
Page 11
## **THE KEW GUILD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
|**4.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||£|£|£|
||Other|-|-|-|
||**Total**|18,259|12,418|30,677|
||Net gains on investments|47,564|9,929|57,493|
||**NET INCOME**|96,273|6,540|102,813|
||**Transfers between funds**|(7)|7|-|
||**Net movement in funds**|96,266|6,547|102,813|
||**RECONCILIATION OF FUNDS**||||
||Total funds brought forward|614,990|124,420|739,410|
||**TOTAL FUNDS CARRIED FORWARD**|711,256|130,967|842,223|
|**5.**|**FIXED ASSET INVESTMENTS**||||
|||||Unlisted|
|||||investments|
|||||£|
||**MARKET VALUE**||||
||At 1 January 2024|||**683,164**|
||Additions|||**47,038**|
||Revaluations|||**15,286**|
||At 31 December 2024|||**745,488**|
||**NET BOOK VALUE**||||
||At 31 December 2024|||**745,488**|
||At 31 December 2023|||683,164|
||There were no investment assets outside the UK.||||
||Cost or valuation at 31 December 2024 is represented by:||||
|||||**Unlisted**|
|||||**investments**|
|||||**£**|
||Valuation in 2024|||**745,488**|
continued...
Page 12
**THE KEW GUILD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
|**6.**
**STOCKS**
**2024**
**£**
Stock of Kew Guild medals
**2,205**
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2024**
**£**
Other debtors
**6,447**
Prepayments and accrued income
**-**
**6,447**
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2024**
**£**
Commitment for awards & prizes
**3,275**
Accrued expenses
**1,348**
**4,623**
**9.**
**MOVEMENT IN FUNDS**
Net
Transfers
movement
between
At 1.1.24
in funds
funds
£
£
£
**Unrestricted funds**
General
**134,635**
**4,059**
**-**
Valentine Tynan Legacy
**38,944**
**1,833**
**-**
Stella Ross-Craig Fund
**439,822**
**21,657**
**-**
SRC Education Fund
**47,968**
**(25,640)**
**-**
Legacies
**30,100**
**-**
**(30,000)**
James Harold Turner Fund
**17,238**
**870**
**-**
Joseph Robert Sealy Fund
**2,199**
**87**
**-**
Thomas Lothian Prize Fund
**350**
**-**
**-**
**711,256**
**2,866**
**(30,000)**
**Restricted funds**
General Award Scheme
**101,859**
**5,310**
**-**
Ian Leese Travel Scholarship
**20,323**
**1,049**
**-**
James and Edna Memorial Fund
**36**
**-**
**-**
William Dallimore Memorial Funds
**69**
**-**
**-**
Tom Arnold Bursary Fund
**1**
**-**
**-**
Tom Reynolds Award fund
**54**
**-**
**-**
John Woodhams Award
**6,500**
**11**
**-**
Prize Donation
**2,125**
**(2,050)**
**-**
Peter Thomas Bridgman - Legacy Fund
**-**
**5,333**
**30,000**
**130,967 **
**9,653**
**30,000**
**TOTAL FUNDS**
**842,223**
**12,519**
**-**|2023
£
2,205
2023
£
7,977
422
8,399
2023
£
9,550
840
10,390
At
31.12.24
£
**138,694**
**40,777**
**461,479**
**22,328**
**100**
**18,108**
**2,286**
**350**
**684,122**
**107,169**
**21,372**
**36**
**69**
**1**
**54**
**6,511**
**75**
**35,333**
**170,620**
**854,742**||2023
£
2,205|
|---|---|---|---|
||||2023
£
7,977
422|
||||8,399|
||||2023
£
9,550
840|
|||10,390||
continued...
Page 13
**THE KEW GUILD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **9. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General|**24,717**|**(22,625)**|**1,967**|**4,059**|
|Valentine Tynan Legacy|**1,015**|**-**|**818**|**1,833**|
|Stella Ross-Craig Fund|**11,987**|**-**|**9,670**|**21,657**|
|SRC Education Fund|**-**|**(25,640)**|**-**|**(25,640)**|
|James Harold Turner Fund|**482**|**-**|**388**|**870**|
|Joseph Robert Sealy Fund|**48**|**-**|**39**|**87 **|
||**38,249**|**(48,265)**|**12,882**|**2,866**|
|**Restricted funds**|||||
|General Award Scheme|**4,188**|**(1,075)**|**2,197**|**5,310**|
|Ian Leese Travel Scholarship|**581**|**-**|**468**|**1,049**|
|John Woodhams Award|**11**|**-**|**-**|**11**|
|Prize Donation|**-**|**(2,050)**|**-**|**(2,050)**|
|Peter Thomas Bridgman - Legacy Fund|**5,575**|**-**|**(242)**|**5,333**|
|Harold Graham Heywood Prize|**19**|**-**|**(19) **|**-**|
||**10,374**|**(3,125)**|**2,404 **|**9,653**|
|**TOTAL FUNDS**|**48,623**|**(51,390) **|**15,286**|**12,519**|
continued...
Page 14
**THE KEW GUILD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **9. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
Transfers
movement
between
At 1.1.23
in funds
funds
£
£
£
**Unrestricted funds**
General
127,836
6,807
(7)
Valentine Tynan Legacy
34,901
4,042
-
Stella Ross-Craig Fund
392,044
47,778
-
SRC Education Fund
41,488
6,480
-
Legacies
100
30,000
-
James Harold Turner Fund
16,263
975
-
Joseph Robert Sealy Fund
2,008
191
-
Thomas Lothian Prize Fund
350
-
-
614,990
96,273
(7)
**Restricted funds**
General Award Scheme
93,938
7,921
-
Ian Leese Travel Scholarship
19,010
1,313
-
James and Edna Memorial Fund
1,987
(1,951)
-
William Dallimore Memorial Funds
372
(303)
-
Tom Arnold Bursary Fund
77
(83)
7
Tom Reynolds Award fund
36
18
-
John Woodhams Award
7,500
(1,000)
-
Prize Donation
1,500
625
-
124,420
6,540
7
**TOTAL FUNDS**
739,410
102,813
-|At
31.12.23
£
134,636
38,943
439,822
47,968
30,100
17,238
2,199
350
711,256
101,859
20,323
36
69
1
54
6,500
2,125
130,967
842,223|
|---|---|
Page 15
continued...
**THE KEW GUILD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **9. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General|23,702|(23,795)|6,900|6,807|
|Valentine Tynan Legacy|994|-|3,048|4,042|
|Stella Ross-Craig Fund|11,753|-|36,025|47,778|
|SRC Education Fund|-|6,480|-|6,480|
|Legacies|30,000|-|-|30,000|
|James Harold Turner Fund|472|(944)|1,447|975|
|Joseph Robert Sealy Fund|47|-|144|191|
||66,968|(18,259)|47,564|96,273|
|**Restricted funds**|||||
|General Award Scheme|2,862|(3,126)|8,185|7,921|
|Ian Leese Travel Scholarship|569|(1,000)|1,744|1,313|
|James and Edna Memorial Fund|3,139|(5,090)|-|(1,951)|
|William Dallimore Memorial Funds|1,486|(1,789)|-|(303)|
|Tom Arnold Bursary Fund|330|(413)|-|(83)|
|Tom Reynolds Award fund|18|-|-|18|
|John Woodhams Award|-|(1,000)|-|(1,000)|
|Prize Donation|625|-|-|625|
||9,029|(12,418)|9,929|6,540|
|**TOTAL FUNDS**|75,997|(30,677)|57,493|102,813|
## **Stella Ross-Craig Fund**
This unrestricted legacy was left to the Guild by the estate of the late Stella Ross-Craig. The Committee has taken the prudent decision to split this fund & has created the Stella Ross-Craig Education Fund & the Stella Ross-Craig Development of Communications & Public Benefit fund. The dividend interest on this original fund will be used to support the running costs of the Guild. The fund has no restrictions on the use of the income.
## **Stella Ross-Craig Development of Communication & Public Benefit Fund.**
This is an unrestricted fund from the legacy of the late Stella Ross -Craig. The Committee has set this money aside to use for the development of Communications & Public Benefit.
## **Valentine Tynan Legacy Fund**
This fund left to the Guild by the estate of Valentine Tynan. The initial legacy was received by the Kew Guild charity (306064) and passed to the Kew Guild CIO (1174033) as a donation. The fund has no restrictions on the use of the income.
## **Stella Ross-Craig Education Fund**
This is an unrestricted fund from the legacy of the late Stella Ross -Craig. The Committee has designated this to be used for specific educational purposes.
## **Legacies Fund**
This fund has been designated to be used for educational purposes.
## **James Harold Turner Fund**
Page 16
continued...
**THE KEW GUILD**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **9. MOVEMENT IN FUNDS - continued**
This fund represents a legacy left to the Guild by the estate of the late James Harold Turner. The legacy had no restrictions, but the Guild has determined that the income from this fund will be used to make an annual award in deceased's name.
## **Joseph Robert Sealy Fund**
This fund was left to the Guild by the estate of Joseph Robert Sealy. This fund has no restrictions on use. The Guild has agreed that the income will be used to meet the cost of updating the Presidents' and Major Donors' Board.
## **Thomas Lothian Prize Fund**
This fund was left to the Guild by the estate of Thomas Robert Noel Lothian. This fund has no restrictions but has been designated for prize giving.
## **James & Edna Redman Memorial Fund**
This fund was left to the Guild by the estates of James and Edna Redman. This fund makes awards to assist with the travel costs for appropriate projects.
## **William Dallimore Memorial Fund**
This fund was left to the Guild by the estate of Edith Annie Dallimore. This fund makes awards to students to pursue studies in arboriculture and silviculture.
## **Tom Arnold Bursary Fund**
This fund was left to the Guild by the estate of Thomas Arthur Arnold. This fund makes awards to assist with student nursery work.
## **Tom Reynolds Award Fund**
This fund was established through a donation from Tom Reynolds. This fund is to be used to award a prize to the best Kew Diploma student in Plant Physiology and Biochemistry.
## **General Award Scheme**
This fund was established through donations. This fund makes awards under the award making policy of the Guild.
## **Ian Leese Travel Scholarship Fund**
This fund has been established through donations. This fund is to make awards for travel scholarships.
## **John Woodhams Award**
This fund has been established through a donation from Joan Woodhams in memory of her late husband John Woodhams. This fund is to be used to make awards for the study of plants in the tropics.
## **Peter Thomas Bridgman Fund**
This fund was left to the Guild by the estate of Peter Bridgman. This fund is to be used towards students and workers in the gardens.
## **Donation Prize**
This fund was established through a donation. This fund is to be used to award a prize.
continued...
Page 17
**THE KEW GUILD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **10. OTHER FINANCIAL COMMITMENTS**
As at 31 December 2024 the charity had no annual commitments under non-cancellable leases.
## **11. RELATED PARTY DISCLOSURES**
The Kew Guild charitable incorporated organisation (CIO) is a registered charity (number 1174033) and is established to be the successor charity to the unincorporated Kew Guild charity (number 306064). The unincorporated Kew Guild charity (306064) agreed to transfer its assets, liabilities and operations apart from its permanent endowments to the Kew Guild (CIO) charity (1174033) with effect from the 16th August 2018.
The CIO and the unincorporated charity signed a transfer agreement (dated 16 August 2018) in which it agreed warranties and indemnities in respect of applying the Assets in pursuance of the Charitable objects; apply all Assets which are subject to Special conditions in accordance with such Special conditions; liabilities; contracts and software rights and other such matters.
The unincorporated Kew Guild charity (306064) made a donation to the Kew Guild charitable incorporated organisation (CIO) of £1,465 (2023: £4,973). This amount was in respect of the investment income generated by the four permanent endowment funds that are currently held by the unincorporated charity and were received by them during the year ended 31 December 2024 (for 2023: in respect of the period 1st January to 31 December 2023). This is shown in the statement of financial activities as restricted donation income for awards and prizes and will be used by the CIO in alignment with the original endowments.
Page 18
**THE KEW GUILD**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Other donations
Philip & Granville Charitable Trust
**Investment income**
COIF Charities Investment Fund Income Units
COIF Charities Deposit Fund
**Charitable activities**
Membership subscriptions
Annual dinner
Kew Guild Unincorporated Charity (306064)
Other donation incl. gift aid
Legacy: The Estate of the late Peter Bridgman
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Donations
Journal of the Kew Guild
Annual dinner
Horticulture programme
Awards to individuals
Awards to individuals - less commitments -
written back
Prizes awarded to horticultural students
Grants awarded to institutions - RBG, Kew -
less commitments - written back
**Support costs**
**Management**
Secretarial services
Volunteer Treasurer
Carried forward|2024
£
**6,229**
**-**
**6,229**
**19,986**
**8,763**
**28,749**
**7,191**
**-**
**1,465**
**127**
**4,862 **
**13,645**
**48,623**
**3,000**
**5,235**
**-**
**25,640**
**3,125**
**-**
**-**
**-**
**37,000**
**5,534**
**2,400**
**7,934**|2023
£
248
4,114
4,362
18,948
3,485
22,433
10,391
3,213
4,973
625
30,000
49,202
75,997
-
5,319
4,099
-
13,712
(350)
375
(6,480)
16,675
6,558
2,400
8,958|
|---|---|---|
This page does not form part of the statutory financial statements
Page 19
## **THE KEW GUILD**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Management**
Brought forward
Membership card
Other administrative costs
Accountancy
Total resources expended
**Net (expenditure)/income**|2024
£
**7,934**
**1,309**
**3,437**
**1,710**
**14,390**
**51,390**
**(2,767)**|2023
£
8,958
1,595
2,609
840
14,002
30,677
45,320|
|---|---|---|
This page does not form part of the statutory financial statements
Page 20