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||**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|





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|**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||





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||||**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|





## 

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||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|





## 

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||**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)**|





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||**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|





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||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|





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## 

||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|





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|||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**|





## 

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## 

||**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||





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## 

||**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|



## 



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## 

||**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|



## 



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||**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|



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||**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|





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|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|



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|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|





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## 

||**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|



## 



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||**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|





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|**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**|
|---|---|---|
||£<br>£|£<br>£|
|**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|||