Charity number: 1184185 WHITE HOUSE FARM ARBORETUM FOUNDATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
WHITE HOUSE FARM ARBORETUM FOUNDATION CONTENTS Page Reference and Administrative Details ot the Charity, its Trustees and Advisers Trustees. Report Independent Examinerfs Report Statement of Flnanc5al Activltles Balanc• Sh••t Note8 to the Flnanclal Statem•nt8 9-19
WHITE HOUSE FARM ARBORETUM FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees M C Foster. Director C L E Foster. Chair C Lane C R Fostsc S A S Berkeley C SandeTS J J Aldridge R K White (appointed 17 June 20231 Charity rnglst•r•d number 1184185 Prlnclpal office Whf(e House Farm High Cross Road Ivy Halch Sevenoaks Kent TN150NN Independent Exarnlner Duncan Cochrane•Dyel Bsc BFP FCA MHA Victoria Court 17-21 Ashford Road Maidstone Kent ME14 50A Bankers National Westminster Bank plc 67 High Street Sevenoaks Kent TN13 1LA Investment Advisèrn Evelyn Partners Group Ltd 45 Gresham Street London EC2V 7BG Page 1
WHITE HOUSE FARM ARBORETUM FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report together wNh the finanaal slatements of the Charity for the year from 1 January 2023 to 31 December 2023. The financial statements have been prepad in accordance with the accounting policies set out in note 2 to the financial statements and comply with the Charitys constitution, the Charities Act 2011 and the Accounting and Reporting by Charities.. Statement of Recommended Practice ISORPI applicable to charf(ies preparing their accounts in accordance with the Financ4al Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 effective from 1 January 2019. Objectives and activities a. Poll¢lo$ and obJ•¢tlYo$ The objective of While House Farm Arborelum Foundation is first. to promote the conservation protection and improvement ol the physical 8n(J natur81 environment for the public benefit by eullivating and maintsining a collection of plant sptrcies ol the lemperale wodd al an arboretum and botani¢ gardtrn developed by Mauric8 Foster VHM since 1971 and known as While House Fami, Sevenoaks, K8nl', and in doing so, advance the education of the publi¢ in horticulture and the cultsvation. preseNation, propagation and conservation of plants ond their impact upon biodiversity and the conservation of the phyEical and natural environment. In setting objectives and planning for acts'vities. the Trustees have given due o)nsideralion lo gener81 guldance published by the Ch8ri1y Commission re181irwJ lo public b&nefil. inclutling the guidanc8 'Publlc bonefil.. running a harity IP821'. b. Strat•gl&s for a¢hlev5ng ¢bJ•ctSv•s The Charitls aim is to make available its collections as an ong¢ing living resource of both plant material and plant knowledge to botanists, horticulluralisls and interested members of the public from all over the worfd. Maurice Foster's 2023 educational introductory book 'The Hydrangea.. a Reappraisal, Icrowood Press. Dec 20231 is a good example of the kind ol knowledge abovl all types of plants which While House Farm works lo share, both in pgrson and in Ihg field, with, lor example, ils 240 magnolias, 140 camg11ias, hundreds of rhododendrons and nationally-ranked wllections of phildelphus. deulzia, Betula IBir¢hl and other trees and flowering shrubs - all of which offer exposure in a single visil to a mixlure ol the old and new, of commercially available cultivars and rare new species and hybrids. The charity maintains some 9,000 species and cultivars, including some 77 Champion Trees Ithe largest of their kind in Briiain and Irelandl. It also demonslrales woody gardening methods that are low inlerventson. low maintenance and self-5UStaining, with all garden waste re- cy¢led. The Trustees and other Friends of While House Fami use rts colltrclions of various gtrnera lo support the exchange of plants and plant knowledge across many l)otanic and horticultural organisations, both nationally and intemationally. as well as to research artides and tx)oks. induding atx)ut species and hybrids new to science or horticulture. ¢. A¢tivitie$ und¥rtak¥n to •¢hieve obj¢¢tiv¢$ The ongoing activities of the Charity are described tully in Ihe-strategies for achieving objectives" seth'on above and the "Achievements and performance" section under"Review of activitie5". Page 2
WHITE HOUSE FARM ARBORETUM FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Objectives and activities Icontinuedl d. Maln actfvitles undertak•n to furthor the Charity's purposos for the public bènefit The Charity provides advocacy, advice and infonnation to the public. as well as provision and maintenance of an arborteum and botanic garden open lo the general public. website 1whilehousef8rmgardenand8rboretum.coml is maintained in order lo make the Charity mora a¢¢essible lo the public and, sin¢8 March 2021, the Charity has provided guided tours ol the gardens and arborelLJm to the general public as well as establishing a volunteer group. Achl•vtm•nt$ and rf0Mlancè a. Revl8w of actlvltles In 2023, we held Study Days lor horticultural students Ilree lo slvdents, non-slvdents £15 to cover our costs) on Propagation MÈthiK1s, Magnolias, and the genus Phila(lelphus (Mock Orange). We continued to guide visitors 2- 3 times per week from March through October.. highlights included a touring group from the Netherlands, the Intemational Camellia Society Ireviewing our Camellia collection) and a visit from the French National Collection ol Mahonias Ireviewing our Mahonia colleclionl. We were delighted to host our first summer intern, sent to u5 by Arboretum Wespelaar.. a landscape design student from Angers in France. Erwan Le Bec, who studied and documented our collections ol Carpinus (Hornbeam) and cou$ (Null, among Other plants. Thè Charity's unr8Strict8d InMe includes private endowment contributions, visitor contribLJtions, and contributions in kind by our teams of Volunteers and Trustees. which indude gardening, lectures, talks and demonstrations. Expenses in 2023, currently being paid for by Maurice Foster, were approximalely £15,600 12022.. £16,000),. an annual sum which il is expecled the endowmenl interes( will be able to cover in future years. Flnanclal rnvb•w a. G¢ing ¢¢n¢em After rnaking appropriate enquiries, the Truslees have a reasonable expectation that the Charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern ba515 in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the a¢oxJnling polioes. b. Reserves policy The Trustees aim to hdd SelveS sufficient to cover the costs of running and maintaining an arboretum and botanic garden, as well as providing advocacy and advice for the next 12 months. The balanca of reserves as at 31 December 2023 amounted to £560.72212022- £527,683}. ¢. Kèy figurès The results of the charity for the period show a net movement of funds of £33.03912022 - £203,888). Page 3
WHITE HOUSE FARM ARBORETUM FOUNDATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, governance and management a. Constltutlon Whi18 House Farm Arboretum Fndation is a Charitsble Iru)rporaled Organi5atson - FourKlalion, registered wrth the Charity Commission. and is conslituled un(ler a consb"lution for a CIO - Foundation dated 1 July 2019. The Charity number 1$ 1184185. b. Methods of appointment or olection of Trustees The management of the Charily is the responsibility ol the Trustees. who are elected and co-QPt8d under the terms of the constitution a$ registered wth the Charity C¢ynmis$ion. c. Organlsatlonal stru¢turn and d•¢lslon•iaklng policl The Trustees aim lo meet on a regular basis to discuss arKI resolve any issues arising. The Trustees are the m8in decision making body for the Charity. The Iruslees 8re Maurice Fosler VMH, Dr C18re L. E. Foster . Christopher Sanders VMH, Chris Lane VMM, Jack Aldridgg, Roderick White, Chadottg R Foster, and Sally 8erkeley. Roderi¢k While (Head of RHS Trials Committee) joined the board on June 17th 2023. Tnjstees do not re1ve any payments from the charity. The director of the Charity is Maurice Foster. The Chair of the Board of Trustees and Charity Commission Contact is Maurice's daughter, Clare L. E. Foster. and Chris Sander5, Chris Lane. Jack Adridge 8nd Roderiek While advise on the Idenlificalion and value of the collecb"on, as well as Co-organise and guide study days and visitor groups. Sally Berkeley is a lawyer and garden historian,. Charlotte Fo$t8r is also a daughler of Maurice Foster. The address of the Chanty is White House Fami, High Cross Road, Ivy Hatch, Sevenoaks, Kent TN15 ONN. Its website is whitehousefamgardenandarboretum.com. The Charity is managed by the Director and Chair, in consultation with the Truslees. A labelling Sumit1ee was conststuted in July 012023, and new labels for the collection began being produced in November 2023. Page 4
WHITE HOUSE FARM ARBORETUM FOUNDATION TRUSTEES. REPORT ICONTINLIEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, governance and management {continued) Statement of Trustees. responslbllltles The Trustees are responsible for preparing the Trustees, Report and the financial slalemenls in 8ccord8nce with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepled Accounling Practice). The law applicable lo charities in England & Wales requires the Trustees to prepare financial $tslemanls for each financi81 which give a true and lair view of the stsle ol affairs of the Charity and of its incoming r&sour¢&s and application of resources. in¢luding its income and expendblure, for that period. In preparing those financial statements, the Trustees are required to.. selecl suitable accounting polioes 8n(I Ihen apply them consislenlly.. observe the methods and principles of the Charilies SORP IFRS 1021., make judgements and accounting 8slim8les that are reasonable and prudent.. stslg whelhgr applicablg UK Accovnbn9 Standards IFRS 1021 have been followgd, subjecl lo any malgrial departures disclosed and explained in (he financial statements.. prepare the financial ststemenls on the going concem basis unless il is inappropriate lo presume that the Charity will continue in business. The Trustees are responsible for keeping adèquate att4)unling records that are sufficient to Show and èxplain the Ch8rills transactions and disclose with reasonable ac¢ura¢y at any lime the financial position of the Charity and enable them lo ensure that the financial slalements comply wilh the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions ol the constitution. They are also responsible lor Safeguarding the assets of the Chanty and hence lor taking reasonable steps for the prevention and dete¢tion of fraud and other irregularities. Approved by order of the members ol the t*)ard ol Truslees and signed on their behalf by.. C Fost•r Page 5
WHITE HOUSE FARM ARBORETUM FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Independent Examiner's Report to the Trustees of White House Fami Arboretum Foundation I'the Charity'l I retK>rt to the charity Tnjstees my examination of the accounts of the Charity for the year ended 31 December 2023. Responslbilities and Basls ot Report As the Trustees of the Charity you are responsible for the preparation of the accounts in a¢cordance with the requirements of the Charities Acl 2011 1.the 2011 Act'}. I report In respect of my examinab.on of the Charitys accounls carried oul under section 145 of the 2011 Act and in carrying out my examination I have fdlowed Ihe applicable Direcb'ons given by Ihe Charity Commission under section 14515llbl of the 2011 Act. Independent Examlner's Statement I have completed my examina¢Jon. I wnfimi that no matters have ccmme lo my attenlion in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respecl of the Charity as required by section 130 of the 2011 Act,. or the accounts do not accor(I with those records. or the accounts do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reporisl Regulalions 2008 other than any requirement that the accounts give a 'lrue and fairf view which is r1 a matter considered as part of an independent examination. I have no concerns and have come across no other matters in cKJnnection with the examination to which attention should be drawn in Ihis rewt in order to enable a proper underslanding ol the accounts to be reached. This report is made solely lo the Charitys Trustees, as a body, in accordance with Part 4 of the ch8rib.es (Accounts and Reports) Regulalions 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters l am requir8d to stale lo them in an Independent Examinerfs Report and for no other purpose. To the fullesl extent permitled by law, I do not accept or assume responsibility to anyone other than the Charity and the Chariws Trustees as a body, for my work or for this report. Signed.. Duncan Cochran•-Dy•t Bse BFP FCA Ind•p•nd•nt Examln¢r For and on behalf ol MHA Maidslone United Kingdom Date.. 22 Odob8r 2024 Page 6
WHITE HOUSE FARM ARBORETUM FOUNDATION STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Not• Income from.. Donations and legacies Charilablts a¢tivili8s Invesiments 4,812 2,190 8.407 4,812 2,190 8,407 242,684 1,230 4,343 Total Income 15,409 15,409 248,257 ExpendSture on: Raising funds Charitable activiligs 4,785 4,622 4,785 4,622 3, 733 2,734 Total •xp•ndlture 9,407 9,407 6,467 N•t 5ncome bofore net ga5nslllo8ses} on Investment8 Nel gainslllossesl on inveslmenls 6,002 27,037 6,002 27,037 247, 790 (37,902) Net mov•ment In funds 33,039 33,039 203,888 R8conclllatlon of funds: Total funds brought forward Nel movement in funds 527,683 33,039 527,683 33,039 323, 795 203,888 Total funds carrled fonyard 560.722 560.722 527,683 The Statement of Financial Activibes indudes all gains and losses recognised in the year. The notes on pages 9 10 19 form part of these financjal statements. Page 7
WHITE HOUSE FARM ARBORETUM FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Flx•d as$•ts Tangible assets Investments 12 319 359 13 543,071 506,468 543,390 506,827 Current ass8ts Debtors Cash 81 b8nk and in hand 14 280 19.916 303 23,247 20,196 23,550 Creditors- amounts falling due wthin ono year 15 (2.864) (2,694) Not curr•nt ass•ts 17,332 20,856 Total not assets 560,722 52T,683 Charity lund$ Restricted funds Unrestricted funds 16 16 560,722 527,683 Total lund$ 560,722 52T,683 The financial stslements were approved 8n¢J autrriSed for issue by the Tfuslees and signed on their behalf by.. C Foster D819'. October 21st 2024 The notes on pages 9 10 19 form part of these finanaal stalements. Page 8
WHITE HOUSE FARM ARBORETUM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Ganaral inforniatlon White House Farm Arboretum Foundation is a Charity Incorporated Organisation - Foundation registered by the Charity Commission in England and Wales and govemed by the Charitys constitution dated 1 July 2019. The règist8red address is given on the alministralive dètails page of th8S8 financial statements. The financial statements are presented in sterling. whith is the fvnctional currency of the Charity, and rounded to the nearest pound. ¢ountlng pollcl•$ 2.1 Basis of preparatlon ol financlal statsments The financial stslements have been prepared in accordance the Charities SORP IFRS 1021- Accounting and Reporting by Charitses.. Statement of Remmended Practice applicable to charits'ès preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. White Hous8 Fami Artx)retum Foundatson me8ts the definition of a public b8nefit entity under FRS 102. Assets and liabilities are inibally recognised at hi$tori¢al or transa¢tion value unless otherwise staled in the relevant accounting policy. 2.2 Golng concern Thg Truslges have considered the Chariws finanoal posrtion and. given tho high18vg1 of unrgstricted funds available, have a reasonable expectation thal the Charity will be able to continue to operate lor the foreseeable luture. The Trustees consider Ihal it is appropriate to prepare the financial stalements on a going concem basis. 2.3 Incom All income is recognised onc8 the Chartty has 8ntitl8ment to the incom8, It is probablè that tho income will be received and Ihe amount of income CeiVable can be measured reliably. Income tax recoverable in relalion lo investmenl income is re¢)Jgnised at the time the investment income 15 receivable. Page 9
WHITE HOUSE FARM ARBORETUM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Icontinuedl 2.4 Exp•ndlturn Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in setuemenl and the amount of the obligation can be measured reliably. Expenditure is dassified by activity. The costs of each activity are made up of the total of direct costs and shared eos15. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocalod directly to that activity. Shared costs which contribui8 io more than on8 actsvily and support costs which are not attribuiable to a single aciivity are apportioned befven those activities on a basis consistenl with the use of resources. Central staff costs are allocated on the basis of tsme spent, and depreaalion charges allocated on the pO.on of the asset's use. Expendilure on raising lun(is indudes all expenditure incurred by the Charity lo raise funds for ils th8rilable purposes and includes costs of all fundraising activities events and non-charilable Ir8ding. Expenditure on Charitable adivities is incurred on directly undertaking the a¢tivities which further the Chariws objectives. as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest re¢elv•ble Interest on funds held on d8posit is induded when receivable and tha amount can be measured reliably by Ihe Charity.. this is nornially upon nolification of the interest paid or payable by the institution with whom the funds are dep051ted. 2.6 Tangible fixod a88tts and depreciation Tangible fixed assets are Pitalised and recognised when fviure economlc benefits are probable and the cost or value of the assel can be measured reliably. Tangible fixed assets are initially re¢ogni$ed al ¢))sl. After recognition, under the cost model. tangible rixed assets are measure(l al cost less 8ccumul8led depreciation and any 8ccumul8led impairment lossgs. Al costs incu lo bring a tsThJible fixe(l asset inlo its inl8nde(I working conditK)n should bo included in the measurement of cosl. Depreciation is charged so as to allocaie ihe cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the folkmng basis- Plant and machinery 10% straight line basis 2.7 Investments Fixed asset investments are a form of financial instrument and are initially recognised al their transathon ¢ost and subsequenlly measuTrd at fair value at the Balance Shèèt dale. unless th& valu8 cannot be measured reliably in which Gose it is measured at cost less impaim)ent. Investment gains and losses, whether realised or UnalISed. a combined and psented as 'GainsllLossesl on investments. in the Statement of Finanual Activities. Page 10
WHITE HOUSE FARM ARBORETUM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Icontinuedl 2.8 D•btors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.9 Cash at bank and In hand Cash al bank and in hand indvdes cash and short-iemi highly liquid investments with a short maturity of three months or less from Ihe date of acquisition or opening of the deposit or similar account. 2.10 Liabilitios and provis5ons Llabililies are recognised when there Is an oblKJatK)n al the Balance Sheet dale as a result of a past event, il is probable Ihal a transfer ol ewnomic benefit will be required in selllemenl, and the amount of the seltloment can be eslimal¢d reliably. Liabilities are recognised at the amounl that the Charity antscipatss it will pay to settle the debt or tha amount il has received as advanced PaentS for the goods or Services il musl provide. 2.11 Flnanclal Instrumtsnts The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial insiruments are initially recognised al Iransaction value and subsequently measured at their settlement value wilh the exceplion of bank loans which are subsequently measured al amorbsed cost using Ihe effective interest method. 2.12 Fund a¢¢ounting General funds are unrestricted funds which are available for use at the discretlon of the Trustees Sn furtherance of Ihe general objectives of the Charily and which have not been designated for other purposes. Reslricled funds a funds whi¢h are to be used in 8¢xordan¢e with specific reslriclions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are ¢harged against the specific fund. The aim and use of each restricted fund is set out in the notes to Ihe finanaal statements. Investment income, gains and losses are allocated lo the appropriate bJnd. Page 11
WHITE HOUSE FARM ARBORETUM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from donatlons and l•gac••s Unrestricted Restricted fund5 funds 2023 2023 Total funds 2023 Total funds 2022 Donations 4.812 4.812 242,684 Totsl 2023 4,812 4,812 242,684 Total 2022 242.285 399 242.684 Income from charltable actl¥ltl•s unrtrICted funds 2023 Total fund5 2023 Total funds 2022 Income from visitsng groups 2,190 2,190 1,230 Total 2022 1.230 1.230 Investment Income Unrestri¢ted funds 2023 Total funds 2023 To181 funds 2022 Income from listed investments Investment in¢ome- on cash held th Evelyn Partners Bank interest 7.973 321 113 7,973 321 4,106 224 13 Totsl 2023 8,407 8,407 4,343 Total 2022 4,343 4,343 Page 12
WHITE HOUSE FARM ARBORETUM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Inv8stmènt manag8m•nt costs Unrestricted funds 2023 Total funds 2023 Total funds 2022 Investment management fees 4,785 4,785 3, 733 Total 2023 4,785 4,785 3, 733 Total 2022 3, 733 3, T33 Analy$ls of •xp•ndlturo on ¢harltabl• actlvttl•s Summary byfund ty Unrestrlcted fund$ 2023 Total 2023 Tol81 2022 Arboretum adivilies 4,622 4,622 2, 734 Total 2023 4,622 4,622 2, 734 Total 2022 2, 734 2, 734 Analysls of èxpendltur• by actlvbtb•s Activities undertaken dlre¢tly 2023 Support ¢o$t$ 2023 Total fund$ 2023 To181 fvnds 2022 Arboretum activitie5 3.942 4,622 2,T34 Total 2023 3,942 4.622 2, 734 Total 2022 40 2,694 2, 734 Page 13
WHITE HOUSE FARM ARBORETUM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysls of •xnltUre by actlvStS•s Icontlnued} Analysis of direct costs Arborètum actlvltle$ 2023 Total funds 2023 Total funds 2022 Depreciation Visiting group 8xpenses 40 640 40 40 Totsl 2023 40 Total 2022 40 40 Analy818 of 8UPPOrt costs Arboretum a¢tlvltl¢$ 2023 Total funds 2023 To181 funds 2022 Govemance costs 3,942 3,942 2,694 Total 2023 3,942 3,942 2,694 Total 2022 2,694 2,694 Anoly$i$ of gov•man¢e ¢o$ts 2023 2022 Govemance costs Accountancy fees Independent examination fees Professional fees 1,S85 1,585 772 1,347 1.347 3,942 2,694 Page 14
WHITE HOUSE FARM ARBORETUM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Ind8p8nd8nt 8xamln•rfs r•mun8ration The independent examin8¢s remuneration amounts to an independent examiner fee of £1,585 (2022 - £1,347), accounts preparation fees of £1,58512022- £1,347) and other fees of £77212022- £nill- 10. Staff costs The average number of persons employed by Ihe Charity during the year was as follows.. 2023 No. 2022 No. Trustees No employee received remuneration amounting to m¢ye than £60.(W in either year. The charity has no employees other Ihan Ihe Trustees who did not receive any remunerats'on or benefits in either year. There are also 10 unpaid volunteers {2022'.10) who. logether wilh the Trustees, undertake gardening. lectures. talks and demonstrations. 11. Tru$t¢•s' remuneratlon and expen$e• During the year, no Trustees received any remuneraiion or other benefi f2022. £NIL). During the year ended 31 December 2023, Trustee expenses have been incurred (2022- £NIL). Page 15
WHITE HOUSE FARM ARBORETUM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12. Tanglblè fixed assèts Plant and machlnery Cost or valuation At 1 January 2023 Al 31 December 2023 399 D•pr•¢latlon Al 1 January 2023 Charge for the year 40 40 At 31 December 2023 80 Net book valuo At 31 December 2023 319 Al 31 December 2022 359 13. Flx•d as$•t Investments Listed Inv•stm•nts Cost or valuatlon Al 1 January 2023 Additions Disposals Revaluations 506,468 246,306 {236.7401 27,037 At 31 December 2023 543,071 Net book value At 31 Dember 2023 543,071 At 31 December 2022 506,468 Page 16
WHITE HOUSE FARM ARBORETUM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Dèbtors 2023 2022 Duè wlthln onè ar Other debtors 280 303 15. Creditors: Amounts falling due within one year 2023 2022 Accruals and deferred income 2,864 2,694 Page 17
WHITE HOUSE FARM ARBORETUM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Statemant af funds Statement offunds - cunent year 8alan¢e at 31 Galnsl D•eèmb•r (Losses) 2023 Balan¢• at 1 January 2023 Income ExndIture Unrèstrl¢ted funds General Funds- all funds 527.683 15.409 {9,4071 27,037 560,722 Stat•m•nt of fund¥ - prlor ye?r Belance at 31 Dec&mber 2022 Balance al 7 J8nu8ry 2022 Trnnsfers in/out Galnsl (Losses) Income Exp8nditure Unrestrlcted funds General Funds- all funds 323, 795 247,858 (6,467) 399 (37,902? 527,683 Re$tri¢t•d nd$ Restricted Funds all funds 399 (399) Total of funds 323,795 248,257 (6,467) (37,902) 527,683 Page 18
WHITE HOUSE FARM ARBORETUM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17. Analysls of nèt assèts betwn funds Analysis of net assets been funds - current year Unrestricted funds 2023 Total fund$ 2023 Tangible fixed assets Fixed 8sset investments Currenl assets Creditors due within one year 319 543,071 20,196 12,8641 319 543,071 20,196 12,8641 Total 560,722 560,722 Analy$l$ of net o$$•ts b•twoon fvnds - prfor •r Unrestricted funds 2022 Total funds 2022 Tangible fixed assets Fixed asset inveslmenl$ Current assets Creditors due within one year 359 506,468 23,550 (2,694? 359 506,468 23,550 (2,694) Totsl 527,683 527,683 18. Related party transactions During the y68r, the Director and Trustee M C Fosler donated lo the Charity amounts of £4,81212022 - £242,285). No conditions were attached to the donations in either year. The arboretum and botanic gardens are leased from the Director and Trustee M C Foster rent free. Page 19