Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 Charty number: 261925 STANLEY SMITH IUK) HORTICULTURAL TRUST UNAUDtrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STAMLEY SIITh IUKI HORTICULTURAL TrUST CONTENTS Page Reference and Administratfv• L)etsll$ of the Charity. its Tnrntees and Advljers Trust085' Report Indgpendgllt Examlnefs Report Statement of Flnancial Actlvltles Balanco She•1 10 Notes to the Flnancial Statements 11-25
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH (UK) HORTICULTURAL TRUST REFERENCE AND ADIANISTRATIVE DETAILS OF THE CHARI, ITS TrUSTEES AND ADVISERS FOR THE YEAR ENDED 6 APRIL 202S TruStS ADeBrye P R Sykes ENR&d J David S G Knees T Upson J Watkins Charfty registèrod number 261925 Princlpal offlce Royal Botan Garden Inverfwih R Edinbur9h EH3 SLR Indopondent Examlner K Breth81ick FCA Peters ErthY & Moye Chartered ACCotantS Salisbury House Station Roal Cambridgg CB12LA Bankers Lbyds Bank PLC 48 H*3h Street Suffolk C88 8LF Sollcltor¥ Maclartanes LLP 20 CLrrsit¢y Street London EC4A 1LT Investment Advlgors Rathbone InveStr1 MaweMt 1 Cuvzon Street LoThJon W1J 5FB Pe1
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SPATH IUKI HORTICULTURAL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2025 The Trusl8es present their annual rewt togethw finwKtal statements of the ChtY for the year 6 April 2024 10 5 April 2025. The TNstees confiThn that the Annual Report Ihe finarKral statements of the Charity compfy %wth the current statutory requirements. the requements of the Charitys goveming dUMent and the provisions of the Ststement of Recommended Pract8 {SORPI. applieIe lo charrties preparing their accounts in accordanc8 With the Financial Reporting Stsndard appIable in UK and Republic of Ireland IFRS 102) (second edilion of ihe Charrties SORP (FRS102) Octobw 2019, effeclive 1 January 2019). OWECTIVES AND ACTIVITIES POLICIES AND OBJECTIVES The Tvustees hold both cawal and IrTh upon trust for such thantabbe objectives the a(fvanment of educalw)n in thè science of hCrfticuMU in the United Kin9d(Th and. $0 far as it is charitable. outside the United lQngdTrn as Ihe Truslees in Iheir thclule discretion think f Objectives The c4)jactiv8s of the Trust we.. . to promote horticultu., . lo promote the consewtion of the physical and natural eMronmenl by prcnoting bclca1 dNersity.' • to promote the creation, devel(4)ment. preservati and mantenarte of gardens accessible to the publK; and . the vAJv8ncement of hortKultural ation. Grants for projects The Trust ¥hi8ves its rtjjectives ty making grants to IndlS. organisati$ and instrtutions carryiThJ out projecls of SiJnrficare lo: . horticulture: gardening.. or . iw)tany wilh a strong ekfftht. Th8 followww is a ni)noxhausti¥e list of tyF¥cal prciects: ' gardaners, training Sthern run by apprcwiate ganisatIons. restoring gardens of hislryic interest. . developing new gardens for publK a$$ and eryOllent.. ' exhknrtsons. bty)k publthtions. research and educational prograrrwnes relating lo hortrullure.. • expeditKsns to coll8Ct and protect pknls of Scientif and horticuliural vue", and stUdY-vilS by tiCulturlS or bO&ists strong horticuhural links. GPANT MAKING CYCLE Grants are rallY awarded a ytar with the deèJ&'ne for applKws as folk)ws.' • March Tru$tee5' meeting 15 February . September Trustees. meetirvJ 15 August Only one gRnt is USU8lly made for each F>roj1 but rt is possibbe for subsequent grants lo be made over or three y8ars. 11 15 a conditKJn of the award of a grant Ihat gianls Th)t used bthin six mcthS {or other agreed period) are lo be ielurned to the Trust. M i8 0 a conditw)n that $XeS$1uI ap1¢ants report ba¢k to the Trust on the use of the gr*. Page 2
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH IUKI HORTICULTURAL TRUST TRUSTEES. REPORT ICONTINUEDI FOR ThE YEAR ENDED S APRIL 2025 ACHIEVEMENTS AND PERFORMANCE REVIEW OF ACTIVITIES The Stsnley Smilh (UK) HortKuhural Trust was set up with the express purpose of furthering the development of the art and science of horticulture by means of grants paKI oul of the dwid8nd5 from the investment of the inilial money provided by the found8T (Mrs Bart¥ara de Brye 4th) was the daughter of Stanley Smith). The intention of thase grants. as defined by Ihe Founder arKI Ihe frsl Director. Sir George Tayfor FRS. was to improve the qualty of lyjrticurture in all possible ways. Behind this stands fja of wnF)roving horticutture for the public generally. and this was and ccrfrtinues to be the main gubding of the Trusfs adbvits8S. The Trust's procedures laKI d(hvn al Ihe beginnrKJ: thè Dector miews grant applications received before the Iwo annual deadlines115 February 15 August) and presents the details of eligib applicalKJn$ in a report lo the Twstees. The Trustees then 9ranls according to the vivws of the Director las mcwjified by the Trustees themselves, as appropriatel. arbd the cash availatAe al the time. Tl Trust also awards Iwo Iraine8ships a year and the pr(Ke(lure for thi5 i8 that the Direthr iivestigales six potentsal host gardens from which Trustees select tsyo based the infrKmn providod. The Directcrf also deals wlh the daY-ldaY running of the Trust, and horticuftwa ade lo applicants, pOttl appkants and membgrs of the publie generally. Since 1970 grants amounting tt) £3.726.012 (grants and traineesh4)sl have been made, mostly to projects in Britain, but soma to proiects abroa. The September 2024 round unu5ualty did Trjt include any overs8as grants but the March 2025 round includa a grant lo a recent a Gregk university for PROJECT Frilillaria.GR 11- Botanical expeditions and gemiination. protocols of Greek Frilillaro s. for hortKultural evaluation. The grant was for o eontribulion to travd. acccrniodats"on. Subsisten and nursery materials. Th study trips grants were also awarded to alluw $18ff from British and Irish botan gardens to visri bolanicamy rich habitats in China and South Africa. All of these grts and other activities have been made directly for the public benefit. The public generaly ben8fts in terms of improbd horticuttural facilities aThJ amenrties available to them (such as Ihe restoration of historic gardens and the development of nv•V gardens), educalKJn (Iraining and employment of persne[l and the publ17 of research otsr InfryM wilh a direct relevance lo hortiClure. Tkwee projects supported during the par deMLtr the benefit of thè Trust. A grnnt of £4,000 was aarded lo Horatio's Gard, Princess Royal Snal Cord Inju$ Cenlre. SheffEld lo help them create a specialist garden for SFrfnal cor(1 ii¥ury ptents aThJ Iheir familEs lo help speed recovery and provide a space for solace. In January 2025 Little Sparta Gard, Lanarkshire suff8r8d severe damage caused by Stomi Eowyn and the Trust awarded them a grant of £5.0 to help clear the damage and enable them lo reopen lo the public. The historic trL)x hedges at Fulham Palace. London were decimated by box blight and ¢aterpilLgrs and the Trust awarded them a grant of £5.0 lo reFe Ihe box plant$ with other speues thus restoring the historic garden and allowing them lo reopen lo the public. This year the aciivities of the Tw51 have largely folltreAI the Iwtablished pattern described above. The Trustees hekl tsvo meetings 119 September 2024 aTrJ 14 March 2025) lo discuss Ihe awarding of grants. Al these meetings the TnJ5tees had in mind the advKe of the Corrrfnission wrth regard lo public benefft. At the September 2024 meeting (Report 107132 applTh7tions for granls were considered 18 glants were madg. Al the March 2025 meeting (Report 108) 43 4)plieatKJns were and 19 grants were awarded. This amounted to an annual totsl of 75 aFpI"cations with 37 grants awarded amounting lo £84,219 (excluding the Iraiieeship grants). The lolal number of appliCatn5. 9r&tts aThJ total value were very simdar lo lasl year where the equivalent figures were.. 74, 39 and £82.784. Twenty five grants were given for the ueatlC, TestOTation or devekjpment of gardens (including the purehase of plants and equipmenll. thre8 for travel Costs. selen for wt4icat#)ns and InterelatiOn. and Iwo for research or conseThation. Thity three of the grants were for propcts the UK •)d four were for work or travel ove¥seas. Detailed prcyosal$ for traineeshp grants we tabled by th8 Ch"rector at the September 2024 meetiNJ and four suitable recpient gardenslorganisations were pui fcfi¥ for Ihe Trtee$ to select . The proposad gardens Pagg 3
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITrI IUK) HORTICULTURAL TRUST TRUSTEES. REPORT {CONTINLIED) FOR THE YEAR ENDED 5 APRIL 2025 were th8 Historic and Botanic Gar(len Training prc9rane IHBGTP) ?1 Wakner Cast, Profe$siorbal Gardener's Trust IPGT), Eden Project in Comwal and Oxford Botan Gar(len. After conshjerable debate and discu$sKJn TTuslees concluded that all four wefe worthy of SUpi arbd decided that should be offered each year for Ihe nexi years as follcwts: HBGTP at Walmer Ca#k and PGT in 2025 Edon prclt Oxfor(l Bolan Garden in 2026. The Quarterfy Valual•Jn reK¥)rt for eThJing 31 March 2025 from Rathbones valued the portfolio at £3,772.034 arKI estimated annual incowÉ to be £126.251. In the year ahea(1 Ihe Trust will Contin lo support o rounds of grants amounting lo about £35.000 e&h and traineeships of £15,(K)O each. However. due lo mre than adequate cash in tl)e bank and following discussion at the Marth 2025 ffleeling. trustees decided that they may increas8 the amount of grants and Iraneeships slwhtly in the next two years. As is customary the Trust will restrict the number and amount of grants gNen lo match income already TeNl. 11 is pleasing to note that applications for foreign travel have wrtinued lo rtse in the wrake of COVID restrictions but, apart from that, the Trust anlKipates Ihe types of grant gh¥en to b8 much the s•ne as in prewu$ yearn. The Trustees have reYi•¥ed Ihe financial of Ihe Trust and have a reascmab18 expectat that the Trust has adequate resources lo tinUe in ¢)peotiond for the future. Accordingly. the finanekn?I slalemenls continue to be prepared Ly) the going concem basis. FINANCIAL REVIEW REVIEW OF FINANCIAL PERFORMANCE AND posmoN Total income amounted 10 £182,877 (2024. £143.399). of whth £35,611 was from donatnS12024. £6481, £348 12024". £148) was from charthable aCknes. £146.868 (2024.. £142.603) was frcffi listed VeStments. Totsl expeThJ"rturé 8mounled to £214.739 12024.. £181,224), of which £27.982 P024". £27,529) was investment management fees, £114.219 {2024= £112,784) was grant5 to indNiduals and institutions and £72,538 12024.. £40.911) was supptyt and govemance c(ts. The investment portfoffio generated a h)$3 of £321.218 during the >Ear12024.. £121.$35 gain). Ov811, Twsl incurred a £353,080 defiut (2W24'. £83.710 Sur5). largety due to the IcSS on invesknenls, the vast majority of whKh vras unrealiseAJ at the brKe she81 date. Al the year-8nd. the unrestricte(l fvnd amtj to £3.709.207 (2024: £4.062.287). of which £3,565,441 had been desnated for specffic purp 12024.. £3.944.6411. kavmg £143,76612024: £117.6461 freely avaable for other uses. The TTU$t has no restricted funds. RESERVE POLICY Deiails of the Trust's reserves a gNen in rth 16 to the Tinancial slalemenls. The C¥ital Fund provides income lo fulfil the Trust's charitJle objeclives whhch are to prov¢ for fulure grants and trainShips. Funds e designgJ to a Traineeeship Fund aNJ an Approved Grants Fund I deemed approprratel in resped of traineeships, training awards and gfanls lo be pahj in tho current year or subsequent years. The Trustees. policy is to allocate all InMe generated e&h year by way of charitable e4nditre. To this end tWe yearly projections of available income are preparej to e&lish avaikbk resources for charlable expenditure. On oceasion, approved grant appltstions may resul in a temporary deficit of general income resources. Larger gTanl reqU1MentS have been supported by a release of caprtal funds. The Twstees aim to maintsin frea reserves equivalent to approximatety months of unreslricled ehitable exp&nditure, which the Trustees consider is a level that will provide wffiKienl funds lo resnd to applications for grants and ensure that support arKI govemance costs are covered. This equates lo approxunately £.000. At the year end the Trusl had general reserves 01 £143.766 {2024.. £117.6461. is brOty consistent wrth the target level of free reserves. Therefore. the general reseNes balan is sufvient to enatAe the Trustees lo cover any shcfftfall in investment incom8 and to continue to make fUrtr deSna¥ lor traineeships or exceptK•nal gr1 awards in the future. Page 4
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH (UKI HORTICULTURAL TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED S APRIL 2025 GOING CONCERN After making apprcoriate enquiries. the Trustees have a reasonable exFedalion that Charity has adequate resources to continue in operational exislence the foresee&)le future. For this reason, they continue to adopt the going concem basis in preparing the financi statements. FUrtt detai15 reyardin9 Ihe adopts'on ol the going concern basis can be frnd in the CJntt.ng STRUCTURE, GOVERNANCE AND AIANAGEmETr CONSTMJTION Stanley Smith IUKI HorticuKural TTU5t is an unirKaXwaW Charity and wa$ establtshed by deed on 7 October 1970 in memcffy of Stanley Smf(h 11907-19681. an Australian busine$sman wf(h a keen interest in gardening. cullivaling orthid$ and supportiTrJ Kur?1 xross the workl. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The Trustees are responsJle for the operion of the Tnt5t. the eltiOn of the Truslees and they dede whether lo award grants to applicants. The board of Truslees endea¥cMx to appoirrt Truste8s that will provide valuable and practical skills for the Trust. The following We Trustees during Ihe finan ADeBrye P R Sykes ENReed J David S G Knees T Upson J Walkins ORGANISATIONAL STrUCTURE AND DECISION AW(ING Day to day management is ordinarily dewed to the tlirector. wh) is Dr David Rae OBE FRSE SHM. The day lo day affairs inclLKl8 a wide range of li¥ilies oftthKh frlkymg are the m061 WWI.. Advising potential applicants about the e4gibilrty arKJ presenlalKsn ot their applications. which invofves eonsidgrable correSndence and may resuli in suggestmg that the applicanl apply to other. more relevant grant- giMng bodies or modify the applicatKJn to suit grant criteria. - MonItj previousty grants to en5uie that ihw have been Ld for the purposes intended by t Trustees. - Rewting lo Truslees wth his recrymiendations gfant applralions r1Ved by the Trust. . Pro¥kling advisThy assistsnce as apFwr*. POUCIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES Potential and new Trustees are thised of Charitys obie¢Xives. its activities and the public benefrt reqU1ment and support 1$ available lo them from felkyAY Trustees. Other infomalM)n regarding their duties as Trustees is available from the Chanty C(rfThni%sion. Page 5
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SPAITH IUKI HORTICULTURAL TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 STATEMENT OF TRUSTEES. RESPONSI8IUTIES The Trustees are respons for preparing the Trustees. Rewt and the financial slalemen15 in accordance wrth appIab law and Uned Kiwjom A¢countirwJ Standards {Uniled KiThJdorn Generally Accepled Awunting Practice). The law app1Kale to chariis li EngLgrKI & Wa18s wequires the Trustees to prewe financol statements for each financial year which give a true and fair of the $t of affaits of the Charity and of ils incoming iesources and appli&2tion of resources, in¢luding its income and expendilure, for that period. In preparing th8se financial slalements, the Trustees are required to" select suitsble account¥vJ wjliues aj Ih9n appty them ¢cs1$tentty.' observe the methods and pmciples of the c"t18S SORP (FRS 1021". make judgement5 and aeeountiTh3 eslw)wtes that are reasonable and prudent.. state whether apFAicable UK AccLnI1ng Slan(lards IFRS 1021 have been lolthvgd. subieGI lo any material departures discloseoj and explained in the ffflaral statements.. prepare the finCial stalefflents C the w'ng concern basis unkn it is inappropriate lo presum8 that the Charity will continue in business. The Trlte8$ ar8 responsible f(w keeping que aet4yJnkng reccrfds that we SLthcient to show and expla the Charitys transactions and dis¢bJse with reasonable xcuraey at any IMe the financial posrtion of the Charty and enable them to ensure th the finaKial slaterts compty the Charilios Act 2011, the Charity {Acccwnl$ and Reports} Regulations 2008 the provisKsns of Ihe Trust deed. They are also responsible for safeguarding th8 assets of the Charity hen¢e for t8king reasonable st8ps for the prevention and detection of fraud and olher irregularities. Approved by order of the Meer8 ol the board ol Trusiees syn1 on the* behaw by: ENReed Trustee Dale 07 October 2025 Page 6
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH (UK) HORTICULTURAL TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 2025 INDEPENDENT EXAMINER'S REPORT TO ThE TRUSTEES OF STANLEY SMITH IUKI HORTICULTURAL TRUST I'the Charlty.) I reFrt to the Charit¥s Trus188s on my ekwnination of the acCoLts of the Charity for Ihe year ended 5 April 2025 RESPONSIBIUTIES AND BASIS OF REPORT As the Trustees of Ihe Charty are resrSt) for the prepwation of the accounis in aeeordance wkh the requirements of the Charbti8s Act 2011 (Ihe 2011 Adl. I report in respéct of my examlnation of the Charity$ accounts calld oul 1@r S.0 145 of the 2011 Act and in carrying QLrt my examination I have folkyed the icatle Dir&tions gNen by the Charity Commission under section 145(51{b) of th8 2011 Acl. INDEPENOENT EXAMINER'S STATeMEpir Your attentn is drawn to the f1 that Ihe Chairty has prqjad the accounts in a¢an with ACcnting and Reporting by Charrties.. Ststement of Recommendad PrtI applicable to charities Preparing their arcounls in a¢cordance with the Financial Reporting Standard applicable in the UK )d Republic of Ireland (FRS 1021 in preferenee lo the Accounting and Reporting by Charities.. Statement of Recoffmended Practic8 issued on 1 April 2005 whth is refeffed to in the extanl wuktions bul has been wilhdrwm. l underd that this has been (h)ne in cthr Ihe xcount5 to prOe a true and fair view in accordance wtth the Generalty Ac¢eFtsd Accountirvj Prxlpx effecti for rwting peric%Js beginning on or after 1 January 2015. I have ¢ompleted my examinath)n. I confirm that M rnate have CCrfT lo my altent*)n in connection ryth Ihe examination giving me cause to beh'eve Ihat in any ffAierial respett. accounting feed5 were rnt kept in respect of the Charty as required by Se¢l1n 130 of the 2011 Actr, or the accounts Th)t coryly wrth appltsble requirements conceming the fomi content of ounls set out in the Charilies {AccryJnts arKI Rewls) Regulalions 28 other than any r8quir8m8nt that the accounts give a Irue and fairf which is n¢A a matter considered as part of an independent examinaticffi. I no concems and ve crAne •ms no other matters in connection with the exaffination to whKh attention $hrHJld be drawn in this rewl in to enable a understanding of the accounts to be reached. Page 7
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH (UK) HORTICULTURAL TRUST INDEPENDENT EXAMINER'S REPORT (CONTINUED FOR THE YEAR ENDED S APRIL 2025 This report is made solely to the Chantys Tiustees. as a b¢, In accordance with Part 4 of the Chaii(ies (Accounts and Reports) RegulatK)ns 2CQ8. My )rk has been undertak8n so th* I might state to the Charity's Tru$lees those matters l am required to state lo Ihem in w Independent E%ine(S R8POrt and for no other purpose. To the fullest extent permrtied by l•w. I do Tr)t accept or assume responsijility to anyone othar than the Charity and the Chartys Trustees as a bcty. mywth or for this ieFQrt. Syned.. Mr5 K 8therick Dated 07 October 2025 FCA PETERS ELWORTHY & MOORE Chartered Aeeountsnts Salisbury House Station Road Cambridge CB12 Paga 8
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH (UK) HORTICULTUPAL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2025 Unfestricted funds 2025 Total funds 2025 Total funds 2024 INCOME FROII: Donatiorhs Charrtable actMI*s Investments 35.661 35.661 148 142,603 146,868 146M68 TOTAL INCOME 181877 182,877 143.399 EXPENDITURE ON: Raising funds Charitable actNitie5 27.982 186.757 27,982 1B6.757 27.529 153.695 TOTAL EXPENDTfuRE 214.739 214.739 181.224 Net {bssesllgains on investmnts 1321218) 1321.2181 121.535 MOVEMENT IN FUNDS (3S3,0801 (363,0801 83,710 RECONCIUATION OF FUNDS: TLXal fvn(ts brought fopNard Net movemert in funds 4.062,287 1353.080) 4.062.287 1353.0801 3.978.577 83,710 TOTAL FUNDS CARRIED FORWARD 3.709.207 3.709.207 4,062.287 The Slalament of Finanual Actmtss ineludes all gains aryl k)sses nEed in the year. The Th)te5 on pages 1110 25 fom) part of these fina1 statwnents. Page 9
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH IUK) HORMCULTURAL TRUST BALANCE SHEET AS AT 5 APRIL 2025 2025 2024 Note FIXED ASSETS Investments 13 3.469.2n 3.888,609 CURRENT ASSETS Investments Cash at bank and in hand 14 153.521 95,305 82.752 140,536 248.826 223.288 CURRENT LIABILITIES Creditors. Jnounts fallng due wilhin one 15 (8,891) {49.6101 NET CURRENT ASSETS 239.935 173,678 TOTAL NET ASSETS 3.709.207 4,C62,287 CHARITY FUNDS Unrestricle(I funds 16 3.709.207 4.062.287 TOTAL FUNDS 3.709.207 4.062,287 The financia statements were apwoved and atrised for by ts TN51e and signed on their behalf by.. ADe8rye P R Sykes ENReed JDav S G Kne8s T Upso J Watklns Dale 07 October 2025 The notes on p•Jes 11 10 25 fcffii part of these financol Page 10
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH IUKI HORTICULTURAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026 GENERAL INFORMATION stanley Smith (UK) Horticultural Twst L an unirwtrated charity fegislered with the Charity Commission {regislratK)n number 261925). The princpal address and Lmher adminislraliv8 delai15 are included on page1. ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION OF THE FINACIAL STATEMENTS The financial statements have been prepared in ance wh the Charities SORP IFRS 1021- Accounting and Reporting by ChwitEs'. Staanent of Recommended PractKe applicable lo charities prepallng their accwnts in xcordanco wilh the Finaneial Reporting Standard aPpIable in the UK and R8PLblic of Ireland IFRS 1021 leffeclive 1 January 20191, the Finanal ReportirwJ stdard applicable in the UK and Rep1 of Ireland (FRS 1021 aThJ the Chaities Act 2011 The financial ststements have been prep¥ed to give a Iwe and fairf vvw and have departed from the charit (Accounts and Rewrtsl RegulK)n$ 2CKJ8 onfy to the exlent required to provide a Irue and fairf ¥iew. This departure has i¥oW foHowir4J the Chaiities SORP IFRS 1021 pubh.shed in October 2019 rather Ihan the Accounting and ReportiTrJ by Charitie5.' Statement of Recommended Pra¢tice effectNe from 1 April 2(M)5 whth ha5 since withdrawn. Stsnky Smith (Ll(l HOrtuMUTr Trust meets the definrtwjn of a publ'c benefft enlbty undèr FRS 102. AsS and liabilities are initialy rec(yJnised at hi5t( eost er transaction value unless olheThvi$e stated in the relevant accounting polw. There were no signfficant estimates cff judgements made ty managemerrt in preparing these financial sLements except the valuation of inveslmènts as Calculat by Rathbones Investment Managemenl. 2.2 GOING CONCERN The Trustees have reiAevrtJ the financial of the Tnvst, and have a reasonable expectatic that the Trust has adequate resources to Contin in operation existence for the future. Accordingly. the financial statements continue to be prepared on the going concgm basis. Thefe are no mateiiol urthlainlies in relabon to 90irwJ concern. 2.3 FUND ACCOUNTING Gen fuThJs are unrestricted funds whth are avadable for use at the discretion of the Tru$lees in furtheran of the general otyectiv8s of the Charity &)d vthich have not been designated for oth8r purposes. Designated funds comprise unrestiicled funds thal have teen set aside by the Trustees for particular purposes. The awn and use of each desunaled fvnd is sel ¢)ut in the notes lo the financial stem8nts. Investmenl income, gains losse5 are alkxated lo the appropriate fund. Page 11
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH IUKI HORTICULTURAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ACCOUNTING POUCIES {cop¥llNUED) 2.4 INCOME All inccffle is rJi&ed once the Charity has enlitlemenl to the rne, it is probable that the income will be recryved and the annI of If£#e receiva w be aSured relrably. Donated seryiees or facilibes are recognise(I vthen the Charity has control over the item, any nditions associated wth the donated item ha¥e been mel. the receipt of e¢onomie benefit from the use Of Chty of the rtem is probable and thal ecortomic benefft can be measured Teliably. On recept, donated pnessKinal servKes and faolrttg are rwnised on the basis of the value of the gift to the Charty. which is the anounl wouhj have been willing lo pay to obtain See5 or facilities of equtvalenl eethjnic benefft on the q)en Maet,. a CorresdIng amount 15 then reccgnised in expenditure in ts pernd of r. In¢ome tsx rtto¥erable in relatw)n to recgred under Gift A or dds of covenant is recognised at the lirre Lrf the dMalw)n. Diwdends aTe recognised once the dr4bJend has be declared and notification has been received of the diwdend due. 2.5 EXPENWURE Expenditure is recognised once thefe is a or constructive obligation lo transfer econom benefit to a third party. * is probatAe thal a transfer ecOn¢)M beIfrts will be required in settlement and the amount of the obligatwm can be MeaSud reliabty. supp costs are those 51$ incurred in supwt of expenditu on the ¢)bjectNes of the Charity, being the aw¥d¥ig of grants aThJ Iraineeship$. Gov&n8nce costs are those incurred in CnKIn th ec¥npliar£e with and Slatul r8quirements. Costs of rSIng fvThJs represent investrnent man&¥ment Costs charged by Ralhbones Irwestrnent Management. Grants pardble are chwged in the searwhen the offer is made excew in those eases where the offer is condilKsnal, such grts beiry recognwl as expendTture when the conditions attaching are fulfilled. Grants Offe subjecl to conditions whth have not bn met ai the year end are N)ted as a comrnitrnent. but not cnJed as expen(liture. Traineeships are recognised in the ar in whth the traiiing coportunty comm9nces, whtch r5 usually in September. If funds have been designa for this pUose in anticipation of an award made. the exFenthture ts rrnt fr(xn tP#)se dwrwted funds. All expenditure is irKlusive of irTecover*)le VAT. Suppjrt costs are allrKaed to Cl111ab ackn in proportvJn to the valuè of grants made towards those activrties. 2.6 INTEREST RECEIVABLE Interest on funds hekj on deros'rt is Iuded when reCeN&1 th8 amount can be measur8(1 reliably by the Ch¥iiy. this is nomialy upon notrfutson of the interest paid (ff Payab by the in5tstution with whom the funds are dep)sited. Page 12
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH {UKI HORTICULTURAL TRUST NOTES TO TrIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ACCOUNTING POLICIES (CONTINUED) 2.7 INVESTMENTS Fixed assel investmènts ¥e a form of financk81 instrumenl and are Initial recognised at their iransaction cost and subsequenty measured at fair value at the Balar Sheet dale. unless the value cannot be measured reliabty in whh case measured at cost less irrpainl. Investment gains and k)sses, whether realised or unreahsed. we conl%ned wesented as 'Gainsl{Losses1 on investments. in the Slalemenl of FwlancI ActNilies. Current asset investments represent cash hek4 on deposit with a maturity datè of less than one year whKh is being held for investment pu#)$e5 ralher than lo meet short lemi cash commitments as they fall due. 2.8 CASH AT BANK AND AT HAND Cash al bank and in hand Ind cash and short4em hKJhly liquid investments with a short maturity of three months or I from the d cl Xquisit or wening ofthe derh)sit Of sniLgr account. 2.9 LIA81LITIES AND PROVISIONS Liabilities are r8cognised there is an thhgatK at the Balance Sheet date as a resuW of a past event. it is probable that a Iransler c+ eccniC benefrt wll be requir&J in settleffnt, and the amount of the setmement can be estimated relhabty. Liabih'lies are reccgnis&J at the amwnl that the Chy anticipales it VAI pay tt) settle the debt or the amount it has received as advanctry payments for the gotsas of seNi¢es it must Kovide. 2.10 FINANCIAL INSTRUMENTS The Charty lY has finanaal assets and financial blIthe$ of a kirnl that qualfy as basic financial instruments. Basic finala1 instruments are inrtialty recognised at transaction value aNI subseqyenlty measurgj at their settlemenl value with the excepti of bank loan$ which are subsequent measured al anc#lL8ed cosi usiThJ the effective interest Trwlhod. 2.11 PEMSIONS The Charty ¢Jperatss a deffined ¢¢tribUt)n pensKJn scheme and the pension charge represents the amounts payable by the Charty to the fund in respect of the 1. Page 13
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH IUKI HORTICULTURAL TRUST NOTES TO THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 INCOME FROM tK)K4TIONS Unr•stricted funds 2025 Total funds 2025 Total funds 2024 DonaliMs 35.661 35.661 648 TOTAL 2024 648 INVESTMENT INCOME Unrestrlcted nds 2025 Total Tolal funds 2024 2025 Dividends Bank interest Bond interest 118.095 632 28,141 118,09S 632 28.141 121,347 598 20,658 146,868 146.868 142.603 TOTAL 2024 142.603 142.603 INCOME FROM CHARITABLE ACTIVITIE8 Unrestrlcted funds 2025 Total funds 2025 Total fvnds 2024 Publicabon income 348 148 TOTAL 2024 148 Page 14
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH (UK) HORncuLTURAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SAPRIL 2025 INVESTMENT MANAGEMENT COSTS ljnrnstrlctsd fund$ 2025 Total funds 2025 Total funds 2024 Investment rnanagt fees 27.982 27,982 27.529 TOTAL 2024 27.529 27,529 ANALYSIS OF EXPENtXTURE ON CHARITABLE ACTMTIES Unrvstricted nds 2025 Total 2025 Total 2024 PrOMotg hortKLllure Promoting Creati1 arnl of publK gardéns Advancing horti¢ultur* education Promoting bp)Ir4ical consetvakn and drversity 11.773 88.733 81,344 4,907 11.773 88.733 81.344 4.7 4,529 78,823 58,135 12.208 186.757 186.757 153.695 TOTAL 2024 153,695 153,695 Page15
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH (UK) HORTICULTURAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ANALYSIS OF EXPENDrruRE BY AcnvmES Grant funding of acllvltles 202S Support Total funds 2025 Total funds 2024 2025 Promots"ng hortKuMu Promoting creakn"c and rna¥)tenance of publi gardens Advancing Iv)rticullural gJuc*ion Promoting biobgul c(msep4ath)n diversily 4.S73 11.773 4.529 88,733 81 J44 78,823 58,135 49,750 31.594 1.907 4,907 12.208 114.219 72.538 186.757 153.695 TOTAL 2024 112.784 40.911 1S3.695 Page 16
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH {UK) HORTICULTLIRAL TRUST IIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ANALYSIS OF EXPENDITURE BY ACTIVMES {CONTINUEDI ANALYSIS OF SUPPORT COSTS cwtion and Promoting maintgnance Advancing blological of publlc horticuliural conservatlon gard•ns education and diversity 2025 2025 2025 Promotlng horticulturn 2025 Total funds 2025 Total nds 2024 Direclorfs remuneration offi rent Legal fees Website and IT Insurance Accountancy Independent examinels fee Postage and stationery Payroll processu Travel and meetings 15.484 20 15.335 14.194 18 14.058 32.688 32,430 1,500 2.035 32376 10 290 4.368 192 290 4,160 18 275 138 2.075 126 1.W3 115 42 319 293 18 672 640 81 199 37 1,391 1,336 820 164 4.573 31.594 1.7 72,538 40.911 TOTAL 2024 1.229 20,e64 15,546 3,272 40.911 Page 17
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH {UK) HORTICULTURAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 ANALYSIS OF GRANTS Grants to Grnntsto I1tilU1h)Th$ Indivldua15 2025 2025 Total funds 2026 Total funds 2024 Prthnoting hOrtiClUTe Pflynoting crealty)n and maintenance of put4 gardens Advancing hortKuttural edalK Promoting blOgIcal ConservatK diversty 20 3,300 54.269 $4.269 49,750 57.959 42.589 5.250 3.000 8.936 7.250 114,219 112,784 TOTAL 2024 102.359 10.425 112,784 A breakdown of the gfants committe(I lo in511lu iThlNiduals ts #ICIled the next pag8. 2025 2024 Grants to Inst5tutlons Bimingham Botanical & HOrtUl1ral Ltd IBimiirrfJhtrn Botanical Gardens), Development of Medilgrranean Glasshjuse Garden MUsm. Lon(h)n. Ne•4 Heakng Gar CranYt TvhEr Bank Garden Rerb)vathJn Prc4ect. Broadslairs. Kent Preservation of Borde Hills Hislorr RhcthendrOn Collection. West Sussex Pelerborough Cathedral, ReStOr*K of Scmjth EntrwKe Garden W8slbury Town Council. Wiltshi. Bub Planti Hestercombe Garden Trusl. Samw. Gotton C(ye resloralv)n RHS New Shlth Prc4ecL Bridgater Prthal Trainng Hub Rise 61 Sensory Garden Project, Salisbury Family A¢tion'$ Escape project. Norfclk Garden Organic, Devdopment of Cdbeclion Trees for Cities Tredegar Square Pr(4ecl, East LoThJcfi. Purchase of Trees Plant heritage 45th Sapphio Celebratw)n Event. RHS WBley Improving Knowl&Jge and Lth1 of the Living Colbecthis aTrJ Sl Andrews B¢)tani¢ G¥den Proiecl Frilijlaria GR - Wibj Colkctions arKI Ex-situ ConseNalion of Priorrtised FritilLqria Spp. Ot Greece for H(YI1tr EvaIL10n Teapcrt TnJsl (based in Musselbuwh. East Lothianl. Elsewhere Gard8n, Royal Hospiial for Children. Glasgow Size ofwales Chelsea Garden 4,C0 3.670 480 2.936 4,000 870 3.LKJO 2,500 1,000 1.000 3,236 2,5 800 2,164 4.000 3.000 4,ClJO Page18
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY sMrrH (UK) HORTICULTURAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 Uplon in B1m. Gring fw Gdd Prqect Chelsea Physie Garden, xerophyt Garden Proied The AncEnl TecholcJy Centre. t)orsenl. Medwal Garden Kelmarsh Hall aNJ Garden. rth8nlon$h1le. Spring in WwdLand Garden Project Scone Pale. Perth, Rose Garden Prqect Sl Fagans Castle Cardefi Glasshouses. C¥drff. Rest Pioiecl Sl Ann'a Allcrtments, Nottingham. Renovat of 011$ Gar) The Gardens, Communty Gth ¢Jn C)ncaster G#enS Ascape Garden Club. West Dorset Clim81e Friendly Fcod. LarKashire. Bog pl for WelbeYKJ The Conmnunity Altherts. RBG Kew GTOW for Life Therapeutic HI1jAUre PwoJ"e¢t. Balh Sheringham pa INation81 Trust). . Plant Ident1 Proiecl Working for Gardens AssociatpJn Twe&ship Friends of the University of Bristol 8otsnK Gwdwi Traine8$hp Iver Environment Cenlre, Iver, 8lKkghamSTe. Gth Devent Pres8rvalJn of Blxde Hill's Hist Rhothron Cdlectw)n Haddinglon Garden Trust. St Ma$ Pkasancè Bath Park Activator Programm. Purchase of PL4nt5 and Tree Supports Sl Christother's Hospice, Syjenham. London. Purchase of Plants Ahle[arder Horticullura Society. Perth and Kinross Beannachar CnmUnty. BarKhcwy. Aberdeenshire Enham Trust Conwnunrty Orchard and Wald Garden. Ando Garden Oryanic, Coventry. De¥el¢)pment ot Natwjnd Coiedion WASLER. Women's South Lanark5hire aTrJ East Renfrwwshire Northern Rocs. Oldham. Urtw Fa arwj Mathet Garden Free RaThJe Garden proiKt. Hathy Vobjnteering Hebrides. Stcfft)way, Growng Tcwher Projed Brilish Libray Garden Exhibrtion. ContrfoutKJn to Exhibition Costs North Wale$ Wildlife TrusL Invasr4e Plants InterpretatTh National Plant CdIetn Pknbjers. Conference 2024, Kew Gardens V&A. Dundee. Garden FLrtures'. Designing wilh Nalwe Exwk 8roaJstone Dell Reiuvenati(m Proj&t. Dorset Boleskine House. Invemess. Gwden Restoration Wameford Hosprtal, Oxfofd. RedeVekpfft ofAsylum Garden Everton Pool Gar(len, Everton Path. LNerpy)I Horalio's Garden, Princess Royal spin C(Kd lryuits Centre. sheffd Litme Sp¥ta, Lanarkshire. Stomi Damage Restoration Sl. Augustine's H3h Sehool, London, Eco & Garden Prwl Proposal Leed5 Casme F0uTrjh, Kent. Cascade Garden Fulham Palace. London. Box H* Rep&emenl Project Painshill Pa Trust. Cobham. Surrey 1.000 500 1.624 5.Tr)0 5.000 2.879 1.SCM) 1,800 3,000 2,000 15,000 15.000 2,000 3,500 2,000 1,500 200 1.000 4.000 2.000 2,000 5,000 3,000 3,000 5,1)00 1.250 4.581 4.968 4.000 5.000 300 5.000 1.0 Page 19
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH {UK) HORTICULTURAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 HighGround Defence Medical Rehaixlitation Cwrtre LoUghbh YMCA Exeter, Therapeu¢i¢ H¢)rticufture Prqect Revealing the Enryma". A Survey of EnglBh Garden Grottoes Virtwus Landscapes.. Litue Sparta al War PROJECT Fritillaria.GR11- Botanical exFedil1S germination End1¢ Plants of PAediterranean Chile. ContribulKJn lo d1s1ritKrt Costs Hampshire County Council - Traineeship English Heritage- Tralrh1p no 800 1.200 1.000 2.000 2.1)00 15.000 15,000 Total grants to irffjtitutions 106,969 102,359 2025 2024 Grnnts to individualg Jonalhan Hutthnson. FiehJvAirk trip lo Twzarma to Scadoxus Nepal Botanical sdY Trip, Misako Kastha Hannah Hall, MoN)cots Conference, Cctsta R Colin Jones. Plant stlY Trip, Ml Meli and Yunnan Seamus OBrien. Plrt Slu(ty Trip. Mt m11 and Bilw Yunnan Margie Phillips, Plant Study Trip. Mt m11 and Biluo Yijnnan Paul Bartlett. Sone Lane Gardens. De. st Try to Mongoka Study trip Dr 8ui Hong Quang Dr NguJFn Van txb to RBG Edinburgh and Kew Celia Acoag, IntematKsnal Bot1 Cre$S, 2024. MaJr•J Ellen Willmott l>)ok. Support for Prc#JLKt¥)n Costs Mark Bobin. Study Tour of Nive Flora. Sthuan. China Jamie McCom*k. Study Tour of Naliw Fkya. SKhuan. China ant Study Trp. Stsjth Africa. Desert lo RwTrftt 1.000 425 2.000 1.CKJO 1.WO 1,CJ)O 2.000 1,000 2.000 2,250 1.000 2.000 Total grants to indivlduals 7,250 10.425 Bekny is a SUMM of the grants madg lo their nature. 2025 2024 DeVel7n9 publ gardens Restoring gardens of historic interest Exhibitions, publicatn5. researth arKI ed(lOn Study visits 39,188 16,081 54,700 5.250 45,100 18.295 38. 10.425 114.219 112,784 Page 20
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY sMH (UK) HORTICULTURAL TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED S APRIL 2025 10. INDEPENDENT EXAMINEFYS REMUNERATION 2025 2024 Fees payable to the Chanty's independent exami)er krthe independent examination of th8 Chafitrfs annual xcovnts F80s payable lo the Charitls independent examiner in respert of.. ststulory finanal StatentS pieparatKJfb Payroll buaU processing 670 640 4.370 1.391 4,160 1.336 STAFF COSTS 2025 2024 Wages salaries Social se¢urity costs conti)Ul to defw)6g contribulvJn pensw scheme 29.000 2,905 683 29,000 2.747 31688 32.430 The overage nurrthr of persons eThwI0 by the Charity during the sear was as folkM'. 2025 No. 2024 Dir8Ctor No employa8 reced rttnuneralion K)untry to than £60.OQ) in either year. The Charity ccfflsid8rs its key manageffnt per$Cn to be the Trust and Ihe Dirtttor. Ctr David Fiae. During the year, the t)ireclor receNEd ranunefation (comprising gr¢)ss salary, employ•rfs national insur8nce and employerfs pensw)n ¢CtribulK¥n1 totalling £32,58812024 £32.4301. 12. TRUSTEES. REIIUNERATION AND EXPENSES During the 1. no Tlee$ reeefvEd remuneration or other benefils12024 - £NILI. During the year ended 5 April 25. expenses tdalling £631 WEre reKmbued or paid directly to 3 Trustees 12024 - £134 to 1 Trustee). These costs rel8led lo catering and travel costs associated with attendance at Trustee fvleotings. Page 21
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITh (UK) HORTICULTURAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 13. FIXEO ASSET INVESTMENTS Ralhbones Investments VALUATION At 6 April 2024 Addit#)ns Disposals Iprct8ed5 £837.959: realised loss £12.3C6) Revaluations 3.888.609 739.840 1850,26S} 1308,9121 AT5APRIL 2025 3.469,272 All the fixed asset investmnts are hdd in the UK. All investments are carried at their faff value. Investm in equities and fixed ereSt securitias are all traded in quoted public mwkets. wimarity the Ld0 Stock Exchange. Holdings in c¢Jnmon investment funds, unrt Irusls and (¥en-ended invesknnent ¢panIeS are at the bid pre The basis of fair value for quoted investrnenls is equwalent to Ihe market Ve. using the bid price. Asset sales and purchases are rttcgnised al the date oftrade at cost Ilhat is th"r transactKm value). The Trustees delegated the marwement of 1r inv8strnents to Rathie$ during the year. Th& Charty is operating an investment policy that provwjes for a degree of diversfficatJn of holdings within different Un trust in¥eslments. The Charity has invest&J in a number of unit trusts in order lo protect the Chartty's exposure lo volalilty in the market and sed( risk investnnts wherever possible. The Charty does rwt m8 us8 of der[¥ 8nd simlar ¢(pleX financAal instrum8nts as it takes the view that vestMts are held for Ihw"r Iwr tem grtr4Ah and annual income. The Charity has no materwl inveslffent IM)trJiThJs in mathets subj1 to exd*nge controls or trading resth"ctions. 14. CURRENT ASSET INVESTMENTS 2025 2024 Cash hehj on deposit IS3,$21 82.752 Page 22
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH (UK) HORTICULTURAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 15. CREDITORS: AMOUNTS FAWNG fxJE WIThIN ONE YEAR 202S 2024 Other laxalK•n and social secuiity Other creditors Accruals and ¢Jeferd income Grant commrtments 1.386 133 5,372 1000 1,279 5.128 43.203 8,891 49,610 Below is a summary showing the mvemenl in the grant conwnilment during the financial year. The year- end eommilment represgnls grant commrtrnents expecled to be settled wrthin one year. 2025 2024 Grant commitments Ixwght forward New commitments Settle(I during finarLial year 43.203 42.425 114.219 112.784 (15S,422) {112.OC61 Grant commllmwts urrlgd forward 2.000 43.203 Page 23
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH (UK) HORTICULTURAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 16. STATEVENT OF FUNDS STATEMEwf OF FUNDS- CURREKf YEAR Bala0 * 6 Aprll 2024 Galnsl Balance al S (Losses) Aprll 2025 Income Expendilu DESIGNATED FUNDS Capital Fund Traineeship Fund 3.914,641 30.IXIO (27.9821 (30.0001 1321218) 3.565.441 3,944,641 157.9821 (321,2181 3.665.441 GENERAL FUNDS General Funds 117.646 182.877 11S6.7571 143,766 TOTAL UNRESTRICTED FUNDS 4.061287 182.877 (214.739 1321.2181 3.709,207 The Capital Fund is represented by investments. whflst the Traneeship Fund General FuThJ are represented by tangible fixed assets and net current assets. The Designated funds are Ihose fur$ dwnated at the discretion of the Truslees for particular purposes. The Designated Capital Fund represents Ihe walue d Ited investments managgd by Rathbone& The Value of Ih&%e ¥)vestments has been deswn8le(i to provide annual incorne lo fund thg Charity's ¢harilable tivilies. The Designated Traineeship FurKI represents mcmEs due to be paid by the Trust for traineeships. These are pa in September eath year. From time to lime the Trustees also utilise a Designated Approved Grants Fund. which represents mcmies due to be paKI by the trust for grants aw¥ded during the year and earlier. Page 24
Docusign Envelope ID." 96101F4&EAB&4l3&A31BDFEE5SE80A5 STANLEY SMITH (UK) HORTICULTURAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 16. STATEMENT OF FUNDS (CONTINUED) STATEIAENT OF FUNDS - PRIOR YEAR Balance at 1 Aw'l 2023 Gainsl BalarKe al (Losses) 5 April 2024 Income Expendilure DESIGNATED FUNDS Capital Fund TTaineeship Fund 3.82rJ.635 (27,5291 (30.0) 121.535 3.914,641 30,000 3.880.635 {57,5291 121,535 3,944,641 Ba1ce at 1 hwil 2023 Gainsl 8alaneè al {L05ses} 5 April 2024 IrKome Expenditure GENERAL FUNDS General Funds 97.942 143.399 (123.6951 117.646 TOTAL UNRESTRICTED FUNDS 3.978.577 143.399 (181,2241 121,535 4.062.287 17. PENSION COMMITMENTS The Charity operates a defined contrkbukn pension scheme. assets of the s¢heme are held separately from those of the Charity in an iNlependentty administered fijnd. The pension cost tharge represents erN)loyer contributions payth by the Charity lo the fund and amounled to £683 {2024" £6831. £133 was due to the scheme at the year eryj (21r24.. £Nil). 18. RELATED PARTY TRANSACTIONS Durin9 the year. legal fees of £32.27612024.. £Nill were pJ lo Mxtsrlanes LLP. Mr E Reed. a Twslee of Stanley Smith IUKI Hortieuttural TnA( i% a consultant of Mxfarknes LLP. These fees were settled on behaf of thg Charity and therefore have been dwkjsed in these accounts as a donati a cost lo the Tntst. Ttre are rK 0)ndrtKs attathgj to thi5 donation arrangement. There were no other related paty transactk)ns durry the year. Page 25