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2024-12-31-accounts
|
Pages |
| Officers and professional advisers |
1 |
| Trustees’annual report |
2 - 12 |
| Independent auditor’s report |
13 - 15 |
| Group statement of financial activities |
16 |
| Group balance sheet |
17 |
| Charity balance sheet |
18 |
| Statement of cash flows and |
|
| consolidated statement of cash flows |
19 |
| Notes to the financial statements |
20 - 43 |
| T rustees |
Robert Cowlin |
(resigned 31 December 2024) |
|
Jan E Smith |
(resigned 31 December 2024) |
|
Benjamin Woodgate |
(resigned 31 December 2024) |
|
Ian Hodge |
(resigned 31 December 2024) |
|
David Whipps |
(resigned 31 December 2024) |
|
Meriel Barclay |
(resigned 31 December 2024) |
|
The Markshall Estate |
(appointed 31 December 2024) |
|
Company Limited |
|
| Chief Executive |
David Finkle |
|
| Registered Office |
Markshall Estate |
|
|
Markshall |
|
|
Coggeshall |
|
|
C06 1TG |
|
| Registered Number |
Charity 256700 |
|
| Auditors |
Sumer Auditco Limited |
|
|
Statutory Auditor |
|
|
820 The Crescent |
|
|
Colchester Business Park |
|
|
Colchester |
|
|
C049YQ |
|
| Bankers |
Barclays Bank pic |
|
|
9 High Street |
|
|
Colchester |
|
|
Essex |
|
|
C011DD |
|
| Solicitors |
Holmes and Hills LLP |
|
|
Booking End |
|
|
Braintree |
|
|
Essex |
|
|
CM7 9AJ |
|
|
|
|
**Unrestricted ** |
Restricted Endowment Total |
Restricted Endowment Total |
Restricted Endowment Total |
Total |
|
Notes |
|
Funds |
Funds |
Funds |
Funds |
Funds |
|
|
|
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
£ |
£ |
£ |
| Income |
|
|
|
|
|
|
|
| Donations and legacies |
|
2 |
30,551 |
|
- |
30,551 |
33,861 |
| Income from charitable |
|
|
|
|
|
|
|
| activities: |
|
|
|
|
|
|
|
| Grants receivable |
|
3 |
5,519 |
6,000 |
- |
11,519 |
30,076 |
| Other income from |
|
|
|
|
|
|
|
| charitable activities |
|
4 |
250.488 |
224 |
- |
250,712 |
244,623 |
| Income from other |
|
|
|
|
|
|
|
| trading activities |
|
5 |
766,430 |
|
- |
766,430 |
1,069,799 |
| Investment income |
|
6 |
53,769 |
- |
- |
53,769 |
60,638 |
| Total income |
|
|
1,106,757 |
6,224 |
- |
1,112,981 |
1,438,997 |
| Expenditure on raising |
|
|
|
|
|
|
|
| funds |
|
7 |
777,299 |
- |
- |
777,299 |
1,163,309 |
| Charitable activities |
|
8 |
849,587 |
1,240 |
- |
850,827 |
992,337 |
| Total expenditure |
|
|
1,626.886 |
1,240 |
- |
1,628,126 |
2,155,646 |
| Realised and unrealised |
|
|
|
|
|
|
|
| investment (losses)/gains |
|
|
(12,762) |
- |
- |
(12,762) |
165,486 |
| Net (expenditure)/income |
|
|
(532,891) |
4,984 |
- |
(527,907) |
(551,163) |
| Transfer between funds |
23 |
|
945,000 |
- |
(945,000) |
- |
- |
| Net movement in funds |
|
|
|
|
|
|
|
| carried forward |
|
|
412,109 |
4,984 |
(945.000) |
(527,907) |
(551,163) |
| Balances brought forward |
|
|
|
|
|
|
|
| at 1 January 2024 |
|
£1,707,650 |
|
£7,819 |
£2,431,181 |
£4,146,650 |
£4,697.813 |
| Balances carried forward |
|
|
|
|
|
|
|
| at 31 December 2024 |
|
£2.119,759 |
|
£12,803 |
£1,486,181 |
£3,618.743 |
£4,146,650 |
|
Notes |
|
As restated |
|
|
2024 |
2023 |
|
|
£ |
£ |
| Fixed assets |
|
|
|
| Intangible assets |
12 |
25,815 |
21,854 |
| Tangible assets |
13 |
1,089,578 |
3,065,108 |
| Investments |
14 |
860,993 |
2,237,926 |
|
|
1,976,386 |
5,324,888 |
| Current assets |
|
|
|
| Stocks |
15 |
2,034 |
18,477 |
| Debtors |
16 |
1,581,341 |
130,378 |
| Cash at bank and in hand |
|
417,469 |
51,064 |
|
|
2,000,844 |
199,919 |
| Creditors: amounts falling due |
|
|
|
| within one year |
17 |
349,060 |
414,300 |
| Net current assets/(liabilities) |
|
1,651,784 |
(214,381) |
| Total assets less current liabilities |
|
3,628,170 |
5,110,507 |
| Creditors: amounts falling due |
|
|
|
| after more than one year |
18 |
9,427 |
963,857 |
| Net assets |
|
£3,618,743 |
£4,146,650 |
| Funds |
|
|
|
| Capital funds |
|
|
|
| Endowments |
20 |
1,486,181 |
2,431,181 |
| Income funds |
|
|
|
| Restricted funds |
21 |
12,803 |
7,819 |
| Unrestricted funds : |
|
|
|
| General charitable funds |
22 |
2,119,759 |
1,707,650 |
|
|
£3,618,743 |
£4,146,650 |
|
Notes |
|
As restated |
|
|
2024 |
2023 |
|
|
£ |
£ |
| Fixed assets |
|
|
|
| Intangible assets |
12 |
25,815 |
21,854 |
| Tangible assets |
13 |
1,082,198 |
3,045,675 |
| Investments |
14 |
861,000 |
2,237.933 |
|
|
1,969,013 |
5,305,462 |
| Current assets |
|
|
|
| Debtors |
16 |
1,731,982 |
166,026 |
| Cash at bank and in hand |
|
402,076 |
40,826 |
|
|
2,134,058 |
206,852 |
| Creditors: amounts falling due |
|
|
|
| within one year |
17 |
325,366 |
293,862 |
| Net current assets/(liabilities) |
|
1,808,692 |
(87,010) |
| Total assets less current liabilities |
|
3,777,705 |
5,218.452 |
| Creditors: amounts falling due |
|
|
|
| after more than one year |
18 |
- |
944,690 |
| Net assets |
|
3,777,705 |
£4,273,762 |
| Funds |
|
|
|
| Capital funds |
|
|
|
| Endowments |
20 |
1,486,181 |
2,431,181 |
| Income funds |
|
|
|
| Restricted funds |
21 |
12,803 |
7,819 |
| Unrestricted funds : |
|
|
|
| General charitable funds |
22 |
2,278,721 |
1,834,762 |
|
|
3,777,705 |
£4,273.762 |
|
Group |
Group |
Charity |
Charity |
|
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
| Cash flows from operating activities |
|
|
|
|
| Net movements in funds |
(527,907) |
(551,163) |
(496,057) |
(501,932) |
| Depreciation of tangible assets |
165,673 |
294,520 |
159,771 |
282,739 |
| (Profit)/loss on disposal of tangible assets |
(23,039) |
39,732 |
(21,620) |
39,732 |
| Unrealised investment (gain)/loss |
12,762 |
(165,487) |
12,762 |
(165,487) |
| Interest paid |
93,592 |
111,417 |
72,866 |
100,672 |
| Interest received |
(3,772) |
(5,636) |
(3,452) |
(5,158) |
| Dividends received |
(49,997) |
(55,002) |
(49,997) |
(55,002) |
| (Increase)/ decrease in debtors |
23,177 |
307,660 |
(91,816) |
74,124 |
| (Decrease)/increase in creditors |
(36,093) |
(224,147) |
60,651 |
(27,549) |
| Decrease in stocks |
16,443 |
2,355 |
- |
- |
| Cash used in operations |
(329,161) |
(245,751) |
(356,892) |
(257,861) |
| Cash flows from financing activities |
|
|
|
|
| Interest paid |
(93,592) |
(111,417) |
(72,866) |
(100,672) |
| Interest received |
3,772 |
5,636 |
3,452 |
5,158 |
| Finance lease repayments |
(8,965) |
(11,357) |
(8,965) |
(11,357) |
| Loans repaid |
(543,396) |
(42,325) |
(533,656) |
(33,542) |
| Net cash (used in)/from financing |
(642,181) |
(159,463) |
(612,035) |
(140,413) |
| activities |
|
|
|
|
| Cash flows from investing activities |
|
|
|
|
| Purchase of tangible fixed assets |
(111,605) |
(101,402) |
(111,605) |
(91,629) |
| Cash withdrawn from investments |
1,364,171 |
268,569 |
1,364,171 |
268,569 |
| Dividends received |
49,997 |
55,002 |
49,997 |
55,002 |
| Proceeds from sale of fixed assets |
22,570 |
5,000 |
15,000 |
5,000 |
| Net cash from investing activities |
1,325,133 |
227,169 |
1,317,563 |
236,942 |
| Change in cash and cash equivalents |
|
|
|
|
| in the year |
353,791 |
(178,045) |
348,636 |
(161,332) |
| Cash and cash equivalents |
|
|
|
|
| brought forward |
(22,042) |
156,003 |
(32,280) |
129,052 |
| Cash and cash equivalents |
|
|
|
|
| carried forward |
£ 331,749 |
£ (22,042) |
£ 316,356 |
£ (32,280) |
|
**Unrestricted ** |
**Restricted ** |
Endowment |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
Funds |
|
|
|
|
2024 |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Disabled vehicle "Buggy" |
815 |
- |
- |
815 |
817 |
| General donations |
29,736 |
- |
- |
29,736 |
33,044 |
|
£ 30,551 |
£ - |
£ - |
£ 30,551 |
£ 33,861 |
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
Funds |
|
|
|
|
2024 |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Land and Environmental |
5,519 |
6,000 |
- |
11,519 |
30,076 |
|
£ 5,519 |
£ 6,000 |
- |
£ 11,519 |
£ 30,076 |
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
Funds |
|
|
|
|
2024 |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Admissions |
144,821 |
- |
. |
144,821 |
141,019 |
| Friends fees |
105,667 |
- |
- |
105,667 |
103,604 |
| Other Income |
- |
224 |
- |
224 |
|
|
£ 250,488 |
£ 224 |
£ - |
£ 250,712 |
£ 244,623 |
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
Funds |
|
|
|
|
2024 |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Coach house and visitor |
|
|
|
|
|
| centre lettings |
63,289 |
|
|
63,289 |
413,417 |
| Events income |
9,415 |
|
|
9,415 |
13,056 |
| Shop income |
55,212 |
|
|
55,212 |
52,954 |
| Catering income |
179,176 |
|
|
179,176 |
247,471 |
| Rental and estate income |
456,984 |
|
|
456,984 |
342,064 |
| Timber sales |
2,354 |
|
|
2,354 |
837 |
|
£ 766,430 |
£ - |
£ - |
£ 766,430 |
£ 1,069,799 |
|
Unrestricted |
Restricted Endowment |
Restricted Endowment |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
Funds |
|
|
|
|
2024 |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| UK equities |
49,997 |
|
. |
49,997 |
55,002 |
| Interest received |
3,452 |
|
- |
3,452 |
5,636 |
|
£ 53,449 |
|
- |
£ 53,449 |
£ 60,638 |
|
|
Visitor |
|
|
|
|
Activities |
Centre |
|
|
|
|
undertaken |
Support |
Support |
Total |
Total |
|
directly |
costs |
costs |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Coach house and visitor |
|
|
|
|
|
| lettings |
266,646 |
- |
35,278 |
301,924 |
614,025 |
| Events |
18,680 |
8,341 |
818 |
27,839 |
33,698 |
| Shop |
- |
155 |
- |
155 |
47,015 |
| Catering |
- |
- |
- |
- |
5,163 |
| Rental and estates |
|
|
|
|
|
| activities |
80,197 |
- |
367,184 |
447,381 |
463,408 |
|
£ 365,523 |
£ 8,496 |
£ 403,280 |
£ 777,299 |
£ 1,163,309 |
|
|
Visitor |
Support |
|
|
|
Activities |
Centre |
and |
|
|
|
undertaken |
Support |
Governance |
Total |
Total |
|
directly |
costs |
costs |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
£ |
| Arboretum |
439,460 |
|
53,989 |
493,449 |
633,192 |
| Admissions |
- |
125,403 |
- |
125,403 |
121,086 |
| Members’ fees |
- |
91,497 |
- |
91,497 |
88,961 |
| Trustee and |
|
|
|
|
|
| administration expenses |
- |
- |
143 |
143 |
670 |
| Auditors' remuneration: |
|
|
|
|
|
| in respect of |
|
|
|
|
|
| audit services |
- |
- |
35,065 |
35,065 |
31,935 |
| in respect of |
|
|
|
|
|
| non audit services |
- |
- |
3,200 |
3,200 |
2,965 |
| Professional fees |
- |
- |
102,070 |
102,070 |
113,528 |
|
£ 439,460 |
£ 216,900 |
£ 194,467 |
£ 850,827 |
£ 992,337 |
|
2024 |
2023 |
|
£ |
£ |
| Staff costs |
708,777 |
834,678 |
| Events and Visitor Centre expenditure |
92,982 |
150,475 |
| Shop and catering expenditure |
28,636 |
25,032 |
| Wedding expenditure |
13,105 |
62,710 |
| Repairs to property and equipment |
106,479 |
142,673 |
| Cleaning |
22,503 |
31,639 |
| Telephone |
7,409 |
12,826 |
| Rates |
5,107 |
(3,396) |
| Heat, light and water |
17,977 |
25,190 |
| Bank interest and charges |
40,347 |
41,176 |
| Depreciation |
165,674 |
246,534 |
| Miscellaneous |
59,793 |
101,530 |
| Transport, fuel and maintenance |
22,398 |
16,572 |
| Insurance |
42.619 |
41,917 |
| Land access payments |
7,083 |
7,083 |
| Loan interest |
51,532 |
74,021 |
| Hire purchase interest |
1,713 |
476 |
| Subscriptions |
8,123 |
10,236 |
| Auditors’ remuneration |
38,265 |
34,900 |
| Marketing and management fees and expenses |
24.972 |
41,899 |
| Professional fees |
121,980 |
118,692 |
| Trustee and administration expenses |
143 |
670 |
| Management, staff and volunteer expenses |
1,338 |
2,927 |
| Training |
3,474 |
2,639 |
| Plants |
33,571 |
36,175 |
| Bad debts written off |
8,821 |
43,089 |
| Printing |
758 |
4.666 |
| Licences |
96 |
973 |
| Equipment |
505 |
7,912 |
| (Gain)/Loss on disposal |
(22,497) |
39,732 |
| Investment fees |
10,081 |
- |
| Stock provision |
4,362 |
- |
|
£ 1,628,126 £ 2,155,646 |
|
|
2024 |
2023 |
|
£ |
£ |
| Staffcosts |
154,855 |
107,689 |
| Repairs |
16,159 |
27,055 |
| Cleaning |
10,813 |
15,677 |
| Telephone |
3,265 |
6,292 |
| Light, heat and water |
4,834 |
2,863 |
| Bank interest and charges |
7,638 |
12,306 |
| Miscellaneous |
11,289 |
37,452 |
| Insurance |
14,159 |
11,660 |
| Legal fees |
- |
2,089 |
| Volunteer expenses |
2,363 |
1,795 |
| Subscriptions |
21 |
308 |
|
£ 225,396 |
£ 225,186 |
|
2024 |
2023 |
|
£ |
£ |
| Staff costs |
221,720 |
232,791 |
| Marketing fees |
24,972 |
67,934 |
| Professional fees |
140,307 |
190,609 |
| Management, staff and volunteer expenses |
544 |
1,512 |
| Training |
2,824 |
2,534 |
| Miscellaneous |
24,360 |
12,737 |
| Bank charges |
34,595 |
29,346 |
| Cleaning |
9,369 |
14,559 |
| Light, heat and water |
13,143 |
22,327 |
| Repairs |
59,963 |
83,765 |
| Telephone |
4,144 |
6,534 |
| Bad debts written off |
8,821 |
43,089 |
| Printing, postage and stationery |
358 |
3,070 |
| Depreciation |
5,903 |
11,781 |
| Insurance |
142 |
6,937 |
| Licences |
96 |
973 |
| Subscriptions |
7,573 |
6,621 |
| Equipment hire |
505 |
7,911 |
| Trustee and administration expenses |
143 |
670 |
| Auditor's remuneration |
38,265 |
34,900 |
|
£ 597,747 |
£ 780,600 |
|
2024 |
2023 |
|
£ |
£ |
| Employees |
|
|
| Wages and salaries |
653,011 |
772,956 |
| Social security costs |
43,379 |
49,788 |
| Pension costs |
10,387 |
11,934 |
|
£ 706,777 |
£ 834,678 |
| The average monthly number of employees during |
|
|
| the year was made up as follows: |
41 |
60 |
|
2024 |
2023 |
|
£ |
£ |
| Auditors’ remuneration : in respect of audit services |
21,750 |
17,150 |
| in respect of payroll services |
2,187 |
3,205 |
| in respect of other non-audit services |
5,450 |
2,965 |
|
£ 29,387 |
£ 23,320 |
| Group and Charity |
|
|
Digital plant |
|
catalogue |
|
£ |
| Cost |
|
| At 1 January 2024 (As restated) |
25,295 |
| Additions |
6,995 |
| At 31 December 2024 |
32,290 |
| Amortisation |
|
| At 1 January 2024 (As restated) |
3,441 |
| Charge for year |
3,034 |
| At 31 December 2024 |
6,475 |
| Net book values |
|
| At 31 December 2024 |
£ 25,815 |
| At 31 December 2023 |
£ 21,854 |
| Group |
|
|
|
|
|
Improvements |
|
|
|
|
Freehold |
to |
Plant and |
|
|
property |
properties |
machinery |
Total |
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
| At 1 January 2024 |
2,353,635 |
1,344,290 |
678,004 |
4,375,929 |
| Additions |
- |
23,715 |
80,895 |
104,610 |
| Disposals |
(1,917,970) |
(83,575) |
(31,569) |
(2,033,114) |
| At 31 December 2024 |
435.665 |
1,284,430 |
727,330 |
2,447,425 |
| Depreciation |
|
|
|
|
| At 1 January 2024 |
|
794,720 |
516,101 |
1,310,821 |
| Charge for year |
- |
123,675 |
38.964 |
162,639 |
| Disposals |
- |
(98,868) |
(16,745) |
(115,613) |
| At 31 December 2024 |
- |
819,527 |
538,320 |
1,357,847 |
| Net book values |
|
|
|
|
| At 31 December 2024 |
435,665 |
464,903 |
189,010 |
1,089,578 |
| At 31 December 2023 |
£ 2,353,635 |
£ 549,570 |
£ 161,903 |
£ 3,065,108 |
|
Freehold |
to |
Plant and |
|
|
property |
properties |
machinery |
Total |
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
| At 1 January 2024 |
2,353,635 |
1,344,290 |
616,324 |
4,314,249 |
| Additions |
- |
23,715 |
80.895 |
104,610 |
| Disposals |
(1,917,970) |
(83,575) |
(22,696) |
(2,024,241) |
| At 31 December 2024 |
435,665 |
1,284,430 |
674,523 |
2,394,618 |
| Depreciation |
|
|
|
|
| At 1 January 2024 |
- |
794,720 |
473,854 |
1,268,574 |
| Charge for year |
- |
123,675 |
33,061 |
156,736 |
| Disposals |
- |
(98,868) |
(14,022) |
(112,890) |
| At 31 December 2024 |
- |
819,527 |
492,893 |
1,312,420 |
| Net book values |
|
|
|
|
| At 31 December 2024 |
435,665 |
464,903 |
181,630 |
1,082,198 |
| At 31 December 2023 |
£ 2,353,635 |
£ 549,570 |
£ 142,470 |
£ 3,045,675 |
|
2024 |
2023 |
|
£ |
£ |
| Listed investments |
|
|
| Market value at 1 January 2024 |
2,237,926 |
2,341,008 |
| Disposal at cost |
(1,354,090) |
(268,568) |
| Investment fees |
(10,081) |
- |
| Net unrealised investment (loss)/gam |
(12,762) |
165,486 |
| Market value at 31 December 2024 |
£ 860,993 |
£ 2,237,926 |
| Historical cost at 31 December 2024 |
938,494 |
£ 2,129,574 |
|
|
Mid-market |
|
Cost |
value |
|
£ |
£ |
| M and G Charibond Common Investment Fund |
|
|
| 7,168 Income Shares |
7,786 |
7,734 |
| M and G Charifund - Equities Investment Fund for Charities |
|
|
| 708 Income Units |
8,000 |
10,425 |
| Charinco Common Investment Fund |
|
|
| 4,404 Income Shares |
7,042 |
6,244 |
| Charishare Common Investment Fund |
|
|
| 3,442 Income Shares |
6,532 |
25,770 |
| Charities Official Investment Fund |
|
|
| 1,226 Income Units |
7,802 |
24,885 |
| 37 Accumulated Units |
393 |
9,604 |
| Glaxo Smith Kline PLC |
|
|
| 2,804 Income Shares |
43,139 |
37,405 |
| Haleon PLC |
|
|
| 3,505 Income Shares |
10,785 |
13,228 |
| Rathbone Portfolio |
847,015 |
725,698 |
|
938,494 |
860,993 |
| Charity investment in subsidiary |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Cost and net book value: |
|
|
| At 1 January 2024 and at 31 December 2024 |
£ 7 |
£ 7 |
| Group |
|
|
| Total fixed asset investments |
£ 860,993 |
£ 2,237,926 |
| Charity |
|
|
| Total fixed asset investments |
£ 861,000 |
£ 2,237,933 |
|
Group |
Group |
|
|
Charity |
|
2024 |
|
2023 |
2024 |
2023 |
|
£ |
|
£ |
£ |
£ |
| Goods for resale |
£ 2,034 |
£ |
18,477 |
|
£ - £ - |
|
Group |
Group |
|
Charity |
Charity |
|
2024 |
|
2023 |
2024 |
2023 |
|
£ |
|
£ |
£ |
£ |
| 7rade debtors |
56,361 |
|
55,833 |
54,516 |
39,134 |
| Other debtors |
37,823 |
|
66,662 |
37,823 |
63,352 |
| Prepayments |
13,017 |
|
7,883 |
5,593 |
5,972 |
| Amounts due from group |
|
|
|
|
|
| undertakings |
1,474,140 |
|
|
1,634,050 |
57,568 |
|
1,581,341 |
£ |
130,378 |
1,731,982 |
£ 166,026 |
|
Group |
Group |
Charity |
Charity |
|
|
2024 |
2023 |
2024 |
|
2023 |
|
£ |
£ |
£ |
|
£ |
| Loans and overdrafts |
95,720 |
129,483 |
85,720 |
|
119,483 |
| Trade creditors |
42,713 |
98,704 |
41,058 |
|
70,526 |
| Other creditors |
148,932 |
64,606 |
148,932 |
|
63,998 |
| Other taxation and social security |
10,865 |
64.938 |
10,076 |
|
9,498 |
| Accruals |
33,738 |
31,697 |
25,875 |
|
21,277 |
| Deferred income |
3,416 |
15,812 |
29 |
|
20 |
| Amounts due under finance leases |
13,676 |
9,060 |
13,676 |
|
9,060 |
|
349,060 |
£ 414,300 |
325,366 |
£ |
293,862 |
|
Group |
Group |
|
Charity |
Charity |
|
2024 |
|
2023 |
2024 |
2023 |
|
£ |
|
£ |
£ |
£ |
| Loans: |
|
|
|
|
|
| Due between one and two years |
8.552 |
|
33,965 |
|
33,965 |
| Due between two and five years |
|
|
631,436 |
|
612,269 |
| Due after more than five years |
|
|
284,875 |
|
284,875 |
|
8,552 |
|
950,276 |
|
931,109 |
| Amounts due under finance leases: |
|
|
|
|
|
| Due between one and two years |
|
|
13,581 |
|
13,581 |
| Deferred income: |
|
|
|
|
|
| Due between one and two years |
875 |
|
|
|
|
| Total |
£ 9,427 |
£ |
963,857 |
£ - |
£ 944,690 |
|
Group |
Group |
Charity |
Charity |
|
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
| Financial assets |
|
|
|
|
| Financial assets measured at fair |
|
|
|
|
| value through profit or loss |
860,993 |
2,237,926 |
861,000 |
2,237,933 |
| Financial assets measured at |
|
|
|
|
| amortised cost |
511,653 |
173,559 |
654,325 |
200,880 |
|
£ 1,372,646 £ 2,411,485 £ 1,515,325 |
|
|
£ 2,438.813 |
| Financial liabilities |
|
|
|
|
| Financial liabilities measured at |
|
|
|
|
| amortised cost |
£ 787,161 £ 1,297,407 |
|
£ 759,091 |
£ 1,299.034 |
|
|
**Movement ** |
in funds |
|
|
Balance |
|
Expenditure, |
Balance |
|
at |
|
gains/(losses) |
at |
|
1.1.24 |
Income |
and transfers |
31.12.24 |
|
£ |
£ |
£ |
£ |
| Permanent endowment |
|
|
|
|
| Investment |
2,237,926 |
. |
(1,376,933) |
860,993 |
| Markshall Estate |
193,255 |
- |
431,933 |
625,188 |
|
£ 2,431,181 |
|
**£ (945,000) ** |
£ 1,486,181 |
|
|
Movement in funds |
Movement in funds |
|
|
Balance |
|
**Expenditure, ** |
Balance |
|
at |
|
gains/losses |
at |
|
1.1.24 |
Income |
**and transfers ** |
31.12.24 |
|
£ |
£ |
£ |
£ |
| Educational events |
6,828 |
- |
(455) |
6,373 |
| Cycle path |
253 |
- |
- |
253 |
| Peter Holland Donation |
738 |
- |
(738) |
- |
| Essex Heritage |
- |
6,000 |
- |
6,000 |
| Mouse House Campaign |
- |
209 |
(47) |
162 |
| Tree Wishes |
- |
15 |
- |
15 |
|
£ 7,819 |
6,224 |
(1,240) |
12,803 |
|
|
|
Movement in funds |
Movement in funds |
|
|
|
Balance |
|
Expenditure, |
Balance |
|
|
at |
|
(gains)/losses |
at |
|
|
1.1.24 |
Income |
and transfers |
31.12.24 |
| Group |
|
|
|
|
|
| General charitable funds |
**£ ** |
1,707,650 |
1,106,757 |
(694,648) |
£ 2,119,759 |
| Charity |
|
|
|
|
|
| General charitable funds |
**£ ** |
1,834,762 |
828,968 |
(385,009) |
£ 2,278,721 |
|
2024 |
2023 |
|
£ |
£ |
| Income |
835,192 |
811,704 |
| Expenditure |
|
|
| Fundraising trading: |
|
|
| Cost of goods sold and other costs |
483,223 |
905,912 |
| Charitable activities |
804,571 |
548,690 |
| Governance costs |
30,693 |
24,520 |
| Realised and unrealised |
|
|
| Investment loss/(gain) |
12,762 |
(165.486) |
| Net outgoing resources |
(496.057) |
(501,932) |
| Total funds brought forward |
4,273,762 |
4,775 694 |
| Total funds carried forward |
£ 3,777,705 |
£ 4,273,762 |
| Represented by: |
|
|
| Restricted funds |
12,803 |
7,819 |
| Endowment funds |
1,486,181 |
2,431,181 |
| Unrestricted funds |
2,278,721 |
1,834,762 |
| Total funds |
£ 3,777,705 |
£ 4,273,762 |
| roup |
|
|
|
|
|
|
|
Net current |
|
|
|
|
assets less |
|
|
Fixed |
|
long term |
|
|
assets |
Investments |
liabilities |
Total |
|
£ |
£ |
£ |
£ |
| Restricted funds |
- |
- |
12,803 |
12,803 |
| Endowment funds |
216,058 |
860,993 |
409,130 |
1,486,181 |
| Unrestricted funds |
|
|
|
|
| General charitable funds |
2,817,305 |
- |
(697,546) |
2,119,759 |
| Total funds |
3,033,363 |
860,993 |
(275,613) |
3,618,473 |
| harity |
|
|
|
|
|
|
|
Net current |
|
|
|
|
assets less |
|
|
Fixed |
|
long term |
|
|
assets |
**Investments ** |
liabilities |
Total |
|
£ |
£ |
£ |
£ |
| Restricted funds |
- |
- |
12,803 |
12.803 |
| Endowment funds |
216,058 |
860,993 |
409,130 |
1,486,181 |
| Unrestricted funds |
|
|
|
|
| General charitable funds |
2,809,925 |
7 |
(531,211) |
2,278,721 |
| Total funds |
3,025,983 |
861,000 |
(109,278) |
3,777,705 |
|
**Unrestricted ** |
**Restricted ** |
**Endowment ** |
Total |
|
Funds |
Funds |
Funds |
Funds |
|
|
|
|
2023 |
|
£ |
£ |
£ |
£ |
| Income |
|
|
|
|
| Donations and legacies |
28,208 |
5,653 |
. |
33,861 |
| Income from charitable |
|
|
|
|
| activities: |
|
|
|
|
| Grants receivable |
30,076 |
|
|
30,076 |
| Other income from |
|
|
|
|
| charitable activities |
244,623 |
. |
. |
244,623 |
| Income from other |
|
|
|
|
| trading activities |
1,069,799 |
. |
|
1,069,799 |
| Investment income |
60,638 |
- |
- |
60,638 |
| Total income |
1,433,344 |
5,653 |
- |
1,438,997 |
| Expenditure on raising |
|
|
|
|
| funds |
1,163,309 |
|
|
1,163,309 |
| Charitable activities |
980,170 |
12,167 |
- |
992,337 |
| Total expenditure |
2,143,479 |
12,167 |
- |
2,155,646 |
| Realised and unrealised |
|
|
|
|
| investment gains/(losses) |
165,486 |
- |
- |
165,486 |
| Net expenditure |
(544,649) |
(6,514) |
- |
(551,163) |
| Transfer between funds |
499,193 |
- |
(499,193) |
- |
| Net movement in funds |
|
|
|
|
| carried forward |
(45,456) |
(6,514) |
(499,193) |
(551,163) |
| Balances brought forward |
|
|
|
|
| at 1 January 2023 |
£1,753,106 |
£14,333 |
£2,930,374 |
£4,697,813 |
| Balances carried forward |
|
|
|
|
| at 31 December 2023 |
£1,707,650 |
£7,819 |
£2,431,181 |
£4,146,650 |
| roup |
|
|
|
|
|
Balance |
|
|
Balance |
|
at |
Cash |
Non Cash |
at |
|
1.1.24 |
**Movements ** |
Movements |
31.12.24 |
|
£ |
£ |
£ |
£ |
| Cash at bank and in hand |
(22,042) |
353,791 |
- |
331,749 |
| Debt due within one year |
(56,377) |
22,838 |
(10,615) |
(44,154) |
| Debt due after one year |
(950,276) |
521,433 |
10,615 |
(418,228) |
| Net debt |
£ (1,028,695) |
£ 898,062 |
£ - |
£ (130,633) |
|
Balance |
|
|
Balance |
|
at |
Cash |
Non Cash |
at |
|
1.1.24 |
**Movements ** |
Movements |
31.12.24 |
|
£ |
£ |
£ |
£ |
| Cash at bank and in hand |
(32,280) |
348,636 |
- |
316,356 |
| Debt due within one year |
(46,377) |
12,223 |
- |
(34,154) |
| Debt due after one year |
(931,106) |
521,433 |
- |
(409,673) |
| Net debt |
£ (1,009,763) |
£ 882,292 |
£ - |
£ (127,471) |
|
2024 |
2023 |
|
£ |
£ |
| Not later than 1 year |
3,196 |
|
| Later than 1 year and not later than 5 years |
9,388 |
|
|
£ 12,584 |
£ - |
|
2024 |
2023 |
|
£ £ |
£ £ |
| Income |
|
|
| Estate |
538,998 |
432,108 |
| Arboretum and Land in Hand |
15,868 |
34,528 |
| Visitor Centre Operations |
558,115 |
972,361 |
|
1,112,981 |
1,438,997 |
| Expenses |
|
|
| Estate |
480,496 |
638,288 |
| Arboretum and Land in Hand |
297,756 |
287,125 |
| Visitor Centre Operations |
872,371 |
1,190,501 |
|
1,650,623 |
2,115,914 |
| Operating (deficit)/surplus |
|
|
| Estate |
58,502 |
(206,180) |
| Arboretum and Land in Hand |
(281,888) |
(252,597) |
| Visitor Centre Operations |
(314,256) |
(218,140) |
|
(537,642) |
(676,917) |
| Profit/(Loss) on disposal of fixed assets |
22,497 |
(39.732) |
| (Loss)/gain on investment |
(12,762) |
165,486 |
| Deficit for the financial year |
(527,907) |
£(551,163) |
|
2024 |
2023 |
|
£ £ |
£ |
| Income - Estate |
|
|
| Rental income |
399,990 |
331,551 |
| Tenant contributions |
9,193 |
5,853 |
| Investment income |
53,449 |
55,002 |
| Insurance and other income |
42,722 |
6,287 |
| Grants and donations |
11,519 |
30,076 |
| Nursery |
3,886 |
3,339 |
|
18,239 |
|
|
|
— |
|
538,998 |
432,108 |
| Expenses - Estate |
|
|
| General maintenance |
62,090 |
62,767 |
| Premises and public liability insurance |
14,159 |
11,660 |
| Other professional fees |
25,050 |
113,528 |
| Accountancy |
30,550 |
23,850 |
| Office administration and services |
26,979 |
19,698 |
| Office electricity and water |
11,101 |
15,982 |
| Staff costs |
221,720 |
232,791 |
| Staff and trustee expenses |
292 |
1,924 |
| Bank charges and overdraft interest |
13,696 |
13,869 |
| Miscellaneous |
7,423 |
62.911 |
| Access payments |
7,083 |
7,083 |
| Loan interest |
51,532 |
74,021 |
| Bad debts (recovered)/written off |
8,821 |
(1,796) |
|
480,496 |
638,288 |
| Divisional surplus/(deficit) |
58,502 |
£ (206,180) |
|
2024 |
2023 |
|
£
£ |
£
£ |
| Income - Arboretum and land in hand |
|
|
| Grants and donations |
13,514 |
33,691 |
| Timber sales |
2,354 |
837 |
|
15,868 |
34,528 |
| Expenses - Arboretum and land |
|
|
| in hand |
|
|
| Personnel expenses |
252 |
258 |
| Staff costs |
209,714 |
208,858 |
| Equipment |
14,201 |
11,747 |
| Equipment hire |
4,745 |
2,308 |
| Planting and tree surgery |
8,542 |
10,637 |
| Fuel and oil |
9,200 |
6,952 |
| Repairs and maintenance |
18,477 |
21,509 |
| Vehicle insurance and tax |
14,811 |
12,833 |
| Heat, power and water |
1,385 |
1,233 |
| Miscellaneous |
9,869 |
9,364 |
| Hire Purchase Interest |
- |
476 |
| Other professional Fees |
6,560 |
950 |
|
297,756 |
287,125 |
| Divisional deficit |
(281,888) |
£ (252,597) |
|
2024 |
2023 |
|
£ £ |
£ £ |
| Income - Visitor Centre Operations |
|
|
| Admission |
144,821 |
141,019 |
| Catering |
179,176 |
247,471 |
| Shop and plants |
55,212 |
52,914 |
| Membership |
105,665 |
103,604 |
| Coach house |
35,612 |
381,180 |
| Events |
34,014 |
30,251 |
| Other income |
3,615 |
15,922 |
|
558,115 |
972,361 |
| Expenses - Visitor Centre Operations |
|
|
| Catering |
(2,250) |
4,964 |
| Shop |
50,563 |
45,606 |
| Wedding |
13,105 |
62,710 |
| Events |
95,667 |
145,138 |
| Bank and credit card charges |
17,895 |
27,307 |
| Cleaning |
20,182 |
30,236 |
| VC electric and water |
5,491 |
7,975 |
| Repairs and maintenance |
14,032 |
48,053 |
| Staff, volunteer and trustee expenses |
2,362 |
7,066 |
| Miscellaneous |
13,399 |
23,979 |
| Marketing and promotions |
25,459 |
44,564 |
| Staff costs |
277,343 |
393,029 |
| Office and administration costs |
19,037 |
23,990 |
| Depreciation |
165,674 |
246,534 |
| Insurance |
14,301 |
18,597 |
| Legal and professional fees |
126,993 |
14,156 |
| Equipment |
|
1,712 |
| Bad debts written off |
|
44,885 |
| Stock provision |
4,362 |
|
| Interest charges |
8,756 |
|
|
872,371 |
1,190,501 |
| Divisional surplus |
(314,256) |
(218,140) |
| Signature: M&t'l&i fiftl'CUiy |
|
|
| Email: merie!b3S@yahoo.co.uk |
|
|