GREAT COMP RÉPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024 PAGE I GREAT COMP CONTENTS PAGE Contents Report of the Trustees Independent Examiner's Report Ststement of Financial Activities Balance Sheet Notes to the accounts 9-17 PAGE 2 GREAT COMP (Charity number 1189847) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024 OBJECTIVES AND ACTIVITIES OBJECTIVES OF THE CHARITY Great Comp is the successor of the Great Comp Charitable Trust that was formed by Roderick and Joy Cameron in 1982 to ensure the future of Great Comp Garden. They gave the garden to their new charity.for the purp05e5 of a garden for the education and enjoyment of the public and with a view to furthering the study and sclence of botany and improving the prattice and methods of horticulture~. They had developed the garden themselves from a blank canvas, creating a collection of rare and exotic plants, and opened it to visitors. In 2009 Mr Cameron bequeathed the 400 year old house which stands in the garden to the charity. MAIN ACTIVITIES UNDERTAKEN Great Comp Garden is open to the public from I" March to 30 November. It ss one of Kenvs leadin8 gardens. In spring the garden erupts into bloom with swathes of magnolias, azaleas and rhododendrons, under planted with large drift5 of hellebores and spring bulbs, while summer brings warmth and extravagance from one of the most comprehensive and exciting collections of salvias in Europe. Ornamental gra55es in great variety punctuate the colourful borders and combine beautifully with the myrlad colours of late autumn. Speclal events are hèld to encourage more people to come to the garden including the Snowdrop Sensation dav, the Spring Fling plant fair, the Great Comp Summer Show, National Garden Scheme open days and open air theatre. The garden is a Partner Garden of the Royal Horticultural Society. Educational prograrrmes are run for pupils of local schools. In the winter art and wreath making workshops are held. The Tearoom serves lunches and teas to visitors. The Trustees have regard to the guidance on public benefltlssued by the Charity Commisslon, while planning the activities for the year at their Trustee meetings. Grèat Ccjmp benefit% from Voluntoor& who a&&l£t With 8ard&>nin8 ancl typically d•votts J hall day Df time a weeJ¢. ACHIEVEMENTS AND PERFORMANCE 2024 marked the 56th year that the garden has been Open to the public. Throughout the season. we welcomed 24,147 visits. a 1.2% increase compared to the previous year. It was a very wet and cold early spring. which reduced footFall in the first few month5. However. footfall was strong from May to August, exceeding the previous year's numbers during these months. May 2024 wa5 the most visited May on record. Building on the succe55 of past years, we continued to enhance visitor experience through a full schedule of events, including Snowdrop Sensatlon, Sprin8 Fling, The Great Comp Summer Show, and Bulbs 'n' Things. Our Bulbs'n, Things Autumn Fair was expanded from a one-day event to a two-day event in October. incorpotsting a 'Great Comp Bulbs, stand curated by our Senior Gardener Kristyna Kay-CIou8h. PAGE 3 GREAT COMP REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 OCTOBER 2024 ACHIEVEMENTS AND PERFORMANCE (continued) We were delighted to welcome Kri5tyna Kay-clough ès our new Senior Gardener in April 2024. Krlstyna was previously the Senior Gardener at Down House, the home of Charles Darwin, and brings a wealth of knowledge, experience. and enthusiasm to the role. Under her leadership, our garden volunteer team expanded si8nificantly from IS to 30 members, making a remarkable impact on the upkeep of the garden A slgnificant horticultural mllestone was our acquisltlon of a National Collection of Rosemary from Downderry Nursery following the retirement of Dr Simon Charlesworth. who donated the collection to Great Comp. R05ernary has recently been reclassified as Salvia, and this aligns perfectly with our existing Dyson Salvia Collection curated by William Dyson, further enhancing our garden's reputation as a centre for Salvia conservation and display. A major financial development in 2024 was the sale of The Barn, a property owned by the charity- the sale was completed in August 2024 for £775,000. The Barn, located next door to Great Comp but not part of the visitor experience. had previously provided iental income to help sustain the garden and charity. However, the building required significant renovation and upkeep, and with upcoming UK law5 requiring rented properties to meet stricter EPC standards, it was not a long-term financial benefit for the charity. The monies raised from the sale of The Barn will safeguard the charity for many year5 to corne. In 2024, we also began working on a bid to secure significant funding from the National Lottery Herltage Fund, with plans to expand our visitor experience, including the renovation of Great Comp House and The Stable Theatre. The bid was submitted in February 2025, arnd we expect to know the outcome by Jurie 2025. If successful, this funding will enable us to enhance our facilitie5, 5afe8uard our heritage, and ensure that Great Comp remains a vibrant and engaging destination for visitors. Our financial strategy remained cautlous yet proartwe in response to ongoing economic challenges. Trustees agreed not to increase admission prices in 2025 due to the c05t-of-living crisis, and funds raised from the sale of The Barn will cushion the finèncial impact of this in the short term. Coach visitors continued to increas& post-pandemic. with 1,701 coach guests welcomed In 2024 compared to 1.456 in 2023, demonsrrating recovery for this industry and growing group interest in the garden. PR activity was steady throughout the year, with a focus on events and the changing seasons. Particular empha51S Was given to new stories like The Rosemary Collection, and PR activity around azaleas was also Strong in the spring, resulting in immediate media coverage, with Country Life featuring the Story a year later. We had national coverage in The Daily Mail, The Guardiarb, Country Livin& The English Garden, regional publications, The Londonist, and BBC Radio Kent/sussexlSurrey. As we close the chapter on 2024, we extend our gratitude to OLJf vi51tors, 5tsff, volunteers. and supporters. With their unwavering dedication, we look forward to another year of 8rowth, resilience, and continued excellence in horticulture and heritage preservation. PAGE 4 GREAT COMP REPORT OF THE TRUSTEES Icontinuedl FOR THE YEAR ENDED 31 ocfoBER 2024 FINANCIAL REVIEW Expendlture exceeded income by £35,275. There were net gains on investments of £43,460 (from the sale of The Barn) and the Charity's total funds increased by £8,185. Total funds on 31. Ortober 2024 were £3,099,061. INVESTMENT SELECTION POLICY at 31 Ottober 2024 no investments were held by the charity. The funds raised from the sale of The Barn were held in bank accounts before being transferred to CCLA Fund Managers Limlted after the year end. RISK MANAGEMENT The charity maintains a risk register which Is reviewed regularty by management and trustees. STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT The charSty is a charitable incorporated organisation ICIOI. It was incorporated on 9th June 2020 with a constitution in the standard CIO form of the Charity Commission. TRUSTEE SELECTION MEfHOD Trustees are appointed by the exlsting trustees. There must be at least three and not nore than twelve trustees. MANAGEMENT The charity is managed by a management team led by the Curator. REFERENCE AND ADMINSTRATIVE DETAILS CHARITY NAME Great Comp CHARITY COMMISSION REGISTERED NUMBER 1189847 CHARITY'S PRINCIPALADDRESS Great Comp. Comp Lane, Platt, Sevenoaks, Kent TM15 8QS PAGES GREAT COMP REPORT OF THE TRUSTEES Icontinuedl FOR THE YEAR ENDED 31 OCTOBER 2024 NAMES OF TRUSTEES WfrIO ACTED DURINGTHE PERIOD David Chesover Ichairl Nigel Britten Amand3 Cottrell OBE Andrew Garland Susan Chandler (appointed 18 February 20241 David Hobart (appointed 7 lune 20241 Amicia de Moubray lappointed 6 September 20241 Peter Robertson lappolnted 18 November 20241 SIGNATURE AND DECLARATION The Trustees declare that they have approved the Trustees. report above. Signed on f of the charity's Trustees.. Signature DAVID CHESOVER CHAIR Full Name Position NIGEL BRITTEN TRUSTEE Date PAGE 6 GREAT COMP INDEPENDENT EXAMINER'S REPORT Report to the trustees of Great Comp on the accounts of the Charitable Incorporated Organisation (Charity number 11898471 for the year ended 31 October 2024, which are set out on pages 7 to 17. I report to the trustees on my examination of the accoLFnts of the above charity I"Great Comp") for the year ended 31 October 2024. RESPONSIBIUTIES ANO BAS15 OF REPORT As the charity's tlUStees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the Arfl. I report in respert of my examination of Great Comp's accounts carried out under section 145 of the 2011 Act and in earrying out my examination, I have followed all the applicable Directions g4ven by the Charity Commission under section 14515llbl of the ACL INDEPENDENT EXAMINER'S STATEMENT The charity's gr055 income exceeded £250,000 and l am qualified to undertake the examination by bein8 a qualified mèmber of the ICAEW. I have completed my examination. I confirm that material matters have come to my attentlDn in connection with the examination which gives me cause to believe that in, any material respett: the accounting records weie not kept in accordance with section 130 of the Charltles Act,. or the accounts did not accord with the accounting records,. or the accounts dSd not comply with the applicable requirements ¢on¢erning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I havÈ no concerns and have come across llo 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 acctsunts to be reached. A-M Johnstone ACA J & F Accountancy Llmlted Chartered Accountants I Station Court Borough G￿en Sevenoaks, Kent TN15 8AD Date PAGE 7 GREAT COMP STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 OCTOBER 20Z4 Note 2024 2023 Unrestrlcted Funds Restricted Income funds Prior year lunds Totsl funds INCOMING RESOURCES Income and endowments from: Oonations and legacies Charitable artivities Other trading activitie5 Investments Other TOTAL 9,111 142,343 174,190 45,131 9,111 142,343 174,190 45,131 74,703 141,393 159,628 55,802 370,775 370,775 431,526 RESOURCES EXPENDED Expenditure on: Raising funds Charitable actwities other 193,859 201,309 10,882 406,050 193,859 201.309 10,882 406,050 176,851 171.206 9,453 357,510 TOTAL NET INCOME/{EXPENDITUREI BEFORE INVESTMENT GAINSIILOSSES) 135,2751 135,2751 74,016 Net gainslllossesl on investments 43,460 43,460 1,651 NET INCOME/IEXPENDITUREI 8,185 8,185 75,667 OTHER RECOGNISED GAINs/ILOSSESI Other gainslllossesl 15381 NET MOVEMENTIN FUNDS 8.185 8.18S 75.129 RECONCIUATION OF FUNDS Totsl funds brought forward Transfe¥ between funds 13 13 3,088,876 2,000 3,090,876 3,015,747 TOTAL FUNDS CARRIED FORWARD 3,097.061 2,000 3,099,061 3.090,876 PAGE 8 GREATCOMP BALANCE SHEET AS AT 31 ocfoBER 2024 Note 2024 fte5tricted Income funds 2023 Unrestrlcted Funds Prior year funds Total fund5 FIXED ASSErs Tangible assets Investments Totsl fixed assets 2,314,991 2,314,991 2.292.895 717,563 3,010,458 2,314,991 2,314,991 CURRENT ASSETS Debtors Investmerit5 Cash at bank and in hand Total current assets io 9.913 9,913 17,056 li 839,383 849,296 2,0(K) 2,OCM) 841,383 851,296 152,574 169,630 CREDITORS: amounts falllng due within one year 12 31,293 31,293 37.879 NET CURRENT ASS￿5 818,003 2,CK>O 820,003 131.751 TOTAL ASSETS LESS CURRENT LIABILrrES 3.132.994 2.000 3,134,994 3.142,209 CREDITORS: amounts fallingdue after one year 12 35,933 35,933 Sl,333 TOTAL NET ASSETS 3,097.061 2.000 3,099,061 3.090,876 FUNDS OF THE CHARITY RESTRICTED INCOME FUNDS UNRESTRICTED FUNDS REVALUATION RESERVE 13 2,000 2,000 2,295.478 801,583 2,000 1,837,293 1.251.583 13 13 2,295,478 801,583 TOTAL FUNDS 3.097,061 2,000 3,099,061 3,090,876 Signed by one or two trustees on behalf of all the trustees.. Signature: Prlnt namè: Date of approval Idd/mm/Yyvyl: DAVID CHESOVER NIGEL 6RIThEN GREAT COMP NOTES TO THE ACCOUNTS YEAR ENDED 31 OCTOBER 2024 I. BASIS OF PREPARATION AGE9 1.1 BASIS OF ACCOUNTING These accounts have been prepared under the hislDrical cost convention with items reco8nlsed at cost or transaction value unless otherwise stated in the relevant notelsl to these accounts. The account5 have been prepared in accordance with.. - the Statement of Recomrnend&d Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and with the Charities Act 2011 2. ACCOUNTING POLICIES 2.1 INCOME RecoBnltlon of Incomè These are included in the Statement of Financial Activities ISOFAI when.. the charity becomes entitled to the resources; it Is more likely than not that the trustees will receive the resource5.' and the monetary value can be rne35ured with sufficient rellabS11ty. Offsettlng There has been no offsetting of assets and liabilities, or income and expense5. unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grant5 2nd donations are only included in the SOFA when rhe general Income rècognition criteria are met15.10 to 5.12 FRS102 SORPI. Tax recTralrns on donations and gifts 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 part of that gift and is treated as an addition to the same fund as the initial donation unless the donor orthe terms of the appeal have specified otherwise. Support costs Thg charib/ hag intufrgd èxpÈnditurÈ on support etsgt*. Volunteer help The value of any VDlynt8ry help received is not included In the accounts but is described in the trustees. annual report. Income from Interest, royzlties and dlvldends This Is Included in the accounts when receipt is probable and the amount receivable can be measured reliablv. Invtstment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss re5ultin8 from revaluing investments to market value at the end of the year. GREATCOMP NOTES TO THE ACCOUNTS YEAR ENDED 31 OCTOBER 2024 PAGE 10 2.2 EXPENDITURE AND LIABILITIES LlabS11ty recognition Liabilities are recognised where it Is more likely than not that there Ls a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certaintv. Governance and 5UPPOrt costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs Involving public accountability of the charfty and its compliance with regulation and good practice. Support costs inclLJde central functions and have been allocated to athvlty Cost categories on a basis conslstent wlth the US￿ of resources. Credltors The chanty ha5 creditors which are measured at settlement amounts less any trade discounts. Basic Ilnanclal Instruments The charity accounts for basic financial instruments on Inltlal recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19. FRS102 SORP. 2.3 ASSETS Tanglblè fixed 3s5ets for use by charlty ThesÈ are capitali5ed il they can used lor MO￿ than one year, and cost at least £300. - They are valued at cost. with the exception of the land and buildings which are shown at valuation. - The depreclation rates and rnethods used are disclosed in note 8.2. Investments Fixed asset investments in Quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The sarne treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measurEd at CDSt1ogs impalrmont. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of les5 than l year are treated as current asset investments. Oebtor5 Debtors (including trade debtors and loans receivèblel are meèsured on initial recognition at 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. Current asset invè5trnent5 The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposlt and cash equNalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash comrnitments as they fall due. They are valued at fair value except where they qualify as basicfinancial instruments. GREAT COMP NOTES TO THE ACCOUNTSYEAR ENDED 31 ocfoBER 2024 PA 3. ANALYSIS OF INCOME Unrestrlcted funds Restrirted Inttsme fund5 Prloryear fund5 Total funds Donatlons and legacles: Donations and glfts Gift Aid General grants provided by overnment/other charities Total 1,454 7,657 1.454 7,657 54.480 20,223 9.111 9.111 74,703 Charitsble attivrties: Entrance fees Totsl 142,343 142,343 142,343 142,343 141,393 141.393 Other irading activitie5'. Tearoom Special events Guide books 164.387 9,161 642 174,190 164,387 9,161 642 174.190 146,866 11,850 912 159,628 Total Income from investments: Interest income Dividend iricome Rental and leasing income Totsl 2,979 2,979 429 42,152 45,131 42,152 45.131 55.025 55,802 Other: Other Total TOTAL INCOME 370,77S 370,775 431,526 GREAT COMP NOTES TO THE ACCOUNTSYEAR ENDED 31 OCTOBER 2024 PAGE 12 4. ANALYSIS OF £XPENDITURE Unrestricted funds Restricted Income funds Prlor year funds Total funds Expenditure on r315ing funds.. Incurred seeking grants Staging fundraising events Advertising, marketing. direct mail and publicity Tearoom running costs Other trading actlvities Investrnent management costs Rent collection, property repairs and maintenance charges Total 7,657 7.657 6,214 9,989 143,053 3,238 9.989 143,053 3,238 9,614 145.527 213 29,922 193.859 29,922 193,859 15,283 176.851 Expendlture on charitsble artivities: Wages and labour costs Garden expenses Utilities, telephone. postage, stationery. insurance and Sundry Legal and professional fees Depreciation 152,456 13,287 152,456 13,287 122,373 10.498 31,147 3,364 1.055 201.309 31.147 3,364 1,055 201.309 32,711 4,568 1.056 171,Z06 Totsl Other: Bank and credit card Charges Sundry 8,963 1,919 lo￿82 8,963 1,919 10,882 8,999 454 9,453 Total TOTAL EXPENDITURE 406,050 406,050 357,510 Other Information: All expenditure in the prior year was unrestrlcted. Analysls of expenditure on charitsble actrvities Artivity or pro¥ramme Activities undertaken dlrectly Support Costs Total thls year Totalprlor yeur Other 198,652 198.652 2,657 2,657 201.309 201,309 171,206 171.206 Totsl Prior year expendltu¥e on ¢harltable actlvltles can be analysed as follows: Other.. AttivSties undertaken direcdy E168,408. support costs £2,798, total £171,206. GREAT COMP NOTES TO THE ACCOUNT5 YEAR ENDED 31 ocfo8ER 2024 PAGE 13 5. SUPPORT COSTS This year Charftable adivities Other tradlng actlvlties Basi5 of altocatlon Support cost Grand totsl Governance 2,657 2.657 4,266 4,266 6,923 6.923 See below Total Last year Charltable activtties Other trathng activitie5 Basls of allocation Support cost Grand total Governance 2,798 2,798 3.160 3,160 5,958 5,958 See below Total Apportionment of costs betwètn artTrvities- On the basis of materiality. support costs are split between the main activities, Charitable and Other Trading Activities. S. D￿AlL$ OF CERTAIN ITEMS OF EXPENDITURE S.1 Fees for examinatlon of the accounts This year Last yèar Independent examiner's fees 1.802 1.759 6. PAIO EMPLOYEES This year Last year 6.1 Staff costs Salarles and wages Sollial Security costg Pension costs (defined contribution scheme) Total staff costs 215,897 10,056 6,094 232,047 190.459 8,373 5,213 204,045 There were no staff working for the charity whose contracts were with and were paid by a related party. No employees received employee benefits lexcluding employer pension costs) for the reporting period of more than £60,0(MJ. 6.2 AveraEe head count in the year This year Number Last yèar Number The part5 of the charity In which the employees work.. Fundraising Charitable Activities Governance Other 14 13 GREATCOMP NOTES TO THE ACCOUNTS YEAR ENDED 31 OCTOBER 2024 PAGE 14 7. DEFINED CONTRIBUTION PENSION SCHEME Thls year Last year Amount of contributions recognised in the SOFA as an expense.. 6,094 5.213 Please explain the basis for allocating the liability and expense of All attributed to unrestricted funds and defined contribution pension scheme between activities and between charitable activities on the basi5 of rnaterialitv restricted and unrestricted funds.. and the area employees work in. TANGIBLE FIXED ASSETS Freehold land & buildtngs Plant and machinery FrAtures. flttiThBs and equlpment Total 8.1 Cost or ¥aluat*Jn At beginning of year Addition5 Disposals Net g3in/llossl on revaluation At end of year 2.291,152 23,151 43,042 39,850 2,374,044 23,151 2.314,303 43.042 39￿50 2,397,195 8.2 Depreclatkon and Impalrmènts 8aslS Rate Straight line Straight Ilne 20-25% At beginning of year Depreciation Disposals Impairment At end of year 41,873 39,276 572 81,149 1,055 42.356 39.848 82,204 8.3 Net book value Net book value at the end of the year 2,314.303 2,314.991 Net book value at the be8inning of the year 2.291,152 1,169 574 2,292.895 8A Revaluation - the freehold land and buildings were valued on 8 August 2017 at £1.775,C(K). The Trustee5 consider thls value is not materially different frorn the amount they would have been valued èt on the transfer of the a55ets frorn Great Comp Charitable Trust. - the independent valuerwa5 Lambert & Foster, Chartered Surveyors. - the property was valued usin8 the comparable method, taking into account the condition of the buildings and the existing tenancies. GREAT COMP NOTES TO THE ACCOUNTS YEAR ENDED 31 OCTOBER 2024 PAGE 15 9. INVESTMENT ASSETS 9.1 Flxed asset investments sted Investments Investment properties Total Carying Ilairl value at beginning of period Add.. additions to investments during period Less.. di5POsals at tarrying value Less". irnpairments Add.. Reversal of impèirments Add/ldeductl.' net gain/llos51 on revaluation Carryin8 Ifairl value at end of year 717,563 717,563 1717,5631 1717.5631 Please note that Fairvalue in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arrr's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets Whe￿ the￿ is no market price on è traded market, ic is the trustee5' orvaluers, best estimate of fairvalue. 9.2 Anafy51s of Inyesments Falr value at perlod end Cost le$5 Impalrrnènt This year Listed investments Investment properties Total Grand total (Falr value at year.end + C05t less Impalrmentl Falr value at perlod end Cost less impairment Last year Listed investment5 Investment properties 717,J63 Total 717,563 Grand total (Falr valuè at year-end + Cost less Impairment) 717.563 9.3 Investment propertles lil The property was valued using the comparable method, taking into account the condition of the buildings and the existing tenancies, on 8 August 2017. The Trustees consider this value is not materially different from the amount it would have been valued at on the transfer of the assets to Great Comp CIO. lill The independent valuer w35 Lambert & Foster, Chartered Surveyors. The investment property formed part of the Great Comp Charitable Trust prior to the transfer to GrÈat Comp CIO. livl There are no contractual obligations forthe repèir5 and maintenance of the Investment property. but the Trustee5 were responsible for rnaintaining the Trust properties. GREAT COMP NOTES TO THE ACCOUNTS YEAR ENDED 31 OCTOBER 2024 PAGE I 9.4 Current asset investments Analys15 of current asset Investments Thls yèar Lastyear Cash or cash equivalents Total 10. DEBTORS AND PREPAYMENTS 10.1 Anal￿19 of debtots Thls yèar Last Ve3r Trade debtors Prepayment5 and accrued income Totsl 1,369 15,687 17,056 9,913 9.913 11. CASH AT BANKAND IN HAND Thls year Last year Cash at bank and on hand Total 841,383 841,383 2,574 152,574 12. CREDITORS This year Last year Amounts falllng dut within one year.. Loan Accruals and deferred income Taxation and social security Total ,400 2,971 12,922 31,293 15,4(M) 9,679 12,800 37,879 Amounis fallln8 due after oThe year: Loan 35,933 35.933 51,333 51,333 Total GREATCOMP NOTES TO THE ACCOUNTSYEAR ENDED 31 OCTOBER 2024 PAGE 17 13. CHAftifY FUNDS 13.1 Details ot materlal funds hekl and movernents durlng the CURRENT reportlng period Revaluatlon Fund name Fund balances brought foward Income Expenditure Transfer between funds Gain5 and losses Fund balances carried forward re5erye Unrestricted 1,837,293 370,775 1406,0501 450.000 43,460 2,295,478 Restfltted 2.OQ) Totsl fund5 3,090.876 370.775 1406.0501 1,251.583 1450,CY)01 43,460 3,099,061 801,583 2,000 The transfer from the Revaluation reserve to the Unrestricted reserve of £450,OC4) reflects the amount held in the Revaluation resetve that related to the Investment property disposed of in the year. 13.2 Detalls of material funds held and movemènts during the PREVIOUS reporting period RevalUat￿)n Fund name Fund balancès brought forward Income Expenditure Transfer between funds Gains and losses Fund balances tarried forward reseyve Unrestrlcted 1,762,164 431,526 1357,5101 Restricted 2.OLkJ Total funds 3,015,747 431.526 1357,5101 1.251.583 1,113 1,837,293 1,113 3,090,876 1,251.583 2,000 The Restricted Funds are made up of Grants received and the related expenditure. 14. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES 14.1 Trustee remLEneratlon and benefits None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity. Thls Is the case for both thi5 year and last year. 14.2 Trustees. èxpenses No trustee expenses have been incurred, this year or last year.