1144. (EN REPORT OF THE TRUSTEES AND AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 PAINSHILL PARK TRUST UMITED Painshlll Parf( Trust Limited Rèport of the Trustees For the Year Ended 31 December 2023 Report of Ihe Trustees Report of Independent Auditors 11 Con80lidat8d Statement of Flnanclal A¢tlvttl96 14 Balance Sheets 1S Consolldated Statement of Cash Flo 16 Notes to the Congolldatrd Accounts 17 Painshill Park Trusl Limited Report of the Trustees For the Year Ended 31 December 2023 The Trustees. who are also dire¢lors of the charty for the purp05e5 01 the Comp¥n￿$ Act 20[￿. present Ihtsir report wlh the financial slalemenls of the cha¥ity for the year ended 31 De￿mber 2023. The Trustees have adopted the prowsions of Accounting an(S Reporting by CharitEs". &atemenl of Recommended Practice applicab￿ to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclÈve 1 January 20191. OBJECTIVES AND ACTIVITIES The Trust's objectives remain lo preserve and restore Painshill as cktsety as pos51ble lo the concept of rts creator, the Hon. Charles Hamilton.. to provhle understanding of and N5ight into that original concepl." and to maintain the gardens and Iheif access for the benelit ol the publ￿. Within these objectives we aim". lo make Painshi11 properly known as a significanl part of our national and ipteMat￿nal heritage lo cotllplele the resloialion ol the landscape and 115 buildings lo make Painshill Parto Trusl linanually sustainabk in perpeturty Background Painshill Park Trust Limited wa5 established in 1981. al which lime the la￿lSCape had been left virtually untouched for over 30 years, reverting lo native ￿Fub inteispersed wrth some beautiful trees and some derelict slruclures. (Xher buildings existed only on plans or in paintings Painshill first opened lo the public in 1983. Gradually Ihe was rest￿ed lo its former glory_ The original car park and entrance bridge were opened in April 1997. sin￿ then the poI￿Y al Painshill ha5 been lo open every day. weather permitting, except Christmas Day and Boxing Day. In 2001 Ihe visrtor cefilie, grft shop, tearoom, conference and educabon facilities were opened and, in 2022, a new purpose buitt car park wa5 conslru¢led Over the last 40 years. the landscape has been subslanli81ty rest￿￿ lo its fom)er beauty. includiry Ihe replanling ol the Vineyard, Amphitheatie and Walled Gardens. Many ol the major garden buildings have also been restored including the Gothic Tower. WaleA¥heel. Chinese BrKlge. Ruined Abbey, Gothic Temple, Turkish Tent, Hermitage, Ice House. Five Arch Bridge. Crystal Grollo, Boat House, Ihe extenor of the Temp ol Bacchus and the wool￿1{ Bridge. ACHIEVEMENT AND PERFORMANCE Hlghlights of 2023 Over the ￿nturieS, Painshill has enioyed Amefican ConneCt￿nS and is Pfivileged lo have been visited by two American Presidenls in the 18th cenlury. These ale importanl hisloriG41 connections and we ale hoping lo to re-eslablish them. In September. we were delighted lo be able lo send a small delegation to Boslon USA where thanks lo R. Newcomb stil￿ell. Chair of Ihe Massachusetts Historic Society. we hekl a d1nner al the Somersel Club in Boslon lo presenl Painshill 10 60 potential donors and supporters. Whilsl in Boslon we mel potential partner organisalions. including Ihe Mount Aubutn Cemetery, the Trustees ol the Resetvalions alld the Massachusells Hislorical sOc￿lY. One ol Ihe deEgalion also visited Dumbarton Oaks Garden in Washington. Bartram 5 Gaiden in Philadelphia and friends in Wilmington, where useful contacts weie established foi oui possible further invofvemenl in the US. We have sel up a Fiscal Sponsorship Agieemenl via the FTM Foun(lalion which wsll allow individuals based in the US lo make lax exernpl donations In December 2023 we completed the re-lhalching of the Hemiitage. This is thanks lo many generous small donalions from supporters Ihrough Just GNing and larger donations Irom The Aurelius Charitable Trusl, Stuart Heath Charitable Selllemenl, Tansy Trust and MKhael Symes. As ever we are very gfatelLJI lo all our supporters lor their support. Painshlll Park Trust Umited Report of tho Trustses For the Year Endod 31 December 2023 We were very gralefvl for the continued supwrt from Cary￿1 pk w￿) (kinated £5k towards our education programme. Everyone at Painshill was saddened to leam of the death of ksng temi supporter John Dean. who was especialty generous in his suptK>rt towards our wLxI￿tt Br¥Jge appe￿ in 2022. We again took part in National Lollery Open Week in March as a way to say thank you lo Nat￿81 Lollery players and a¢knowkdge funding Irom National Lottery Heritage Futvl. We offered 400 ffee ticket5 to players and all were booked up. ElmbrKJge Borough Covncil featured Painshill and their support for the Woollell Bridge in a film shoiNn al their 2030 viS￿n event. The Bridge also featured in a poster showing cOmm￿￿partnerShip in aclh)n and we were delighted lo feature in their 2030 Vision for the Boiough. As ever, the Trusl is enormously grateful for the continued support of our volunteers vtho help wlh all aspects of the park and are an essential part of our WOTk to care for its future. At close of the year our volunteers numbered 235 and had generously volunteeled for a total of 16,435 hours during 2023. OurvolunleeTS SUPPOrt us in a variety of roles in¢lLtding helping al our vtsitor ￿ntre, working ￿L￿gSide the landscape team. acting as rangers in the park, buggy drbmng, maintenance of the Grotto and Waterwheel and helping at our fundraising events. The Painshill ar¢hive continues lo be a source of information. interest and inspiration for much of our work and we are gralefvl lo all those volunteers whose sleadfasl work to cale f(x the material we have enables us lo develop our understanding of the restoralion. As reported prewjusly, Painshill is delighted to be in a Partnership Surrey Wikllrfe Trust. the unive￿Ity of Surrey and Buglife lo form the 'Space 4 Nature project. funded by a 9rant from The Poslcode Lottery Dream Fund. This project will integrale earth ObserVat￿n satellite dats wilh artrfK4al intelligence lo map the naluie enwronmenl, and wi51 use citEen $C￿nee lo engage landowners. businesses. and communittes wlih this new. innovalive technology and protecL enhan￿ nature and boost bKKlwersty in Surtey. As part ol this PTi4ecl, 2023 sawthe first year in vthich an intenlKJnal effortW3s pkced on sensitively managing our meadow areas. In addrtion we left iargerfield margins Whe￿ po$Sb￿ to enable bettertransilion for wildlife from the woodland edges lo the shorter grass. In prevK)us years at Painshill our meadows have traditionally been cul in Jurbe as a hay crop. By prolonging the lenglh ofb.me that the meadows are left before cuttin9, this leaves a food source for wildlrfe through mosl of the summer. LcKJking forward lo next year we will be V+K)rking closety with Buglrfe to int￿duCe drffeTenl meadow species. which will help lo start the process of controlling wgorous grass speoes and encourage more sensitive wi flower species. VISITORS AND MEMBERS Our 2023 visiloT numbers increased from 193.976 in 2022 to 201.226 in 2023 in spite of a number of weather related issues which meant the temporary closure of the Park.Painshill ended 2023 wrf(h 5,185 memberships compared to 5,475 at the previous year end. Membership income from 2023 was £417k compared to 2022 income of £409k. LANDSCAPE AND RESTORATION In 2Q23 Painshi11 planted an oak tree in the Landscape lo Ma￿ the Kwig's Coronation and lo celebrale his passion foi the natural world. During the year we planted conifer trees in the Alpine Valley whKh are historically pertinent to Chaties Hami￿On'5 lime Painshill Park Trust Limitèd Report ol the Trustees For the Year Ended 31 December 2023 Seed sowing began in earnest in early Febnjary for the vegelable planting in the Kitchen Garden and lor the annual flower display al the Temple of Ba¢¢hus. This year saw the Introd￿tiOn of a 'No t)HJ' approach in our Kitchen Garden. centring on avoiding culiNating the soil al all and no heavily mulching. This appeared to be very successful endeavour. some ol the prodtjce was used in the learoom and the remainder was sold for donations through the shop- a part￿UL￿rIY pcpular scheme with visilors Over the autumn, a complex projgd of recording Ihe existing plant colleclicm) and then corroborating rt against the historical record of what should be Iheie was undertaken and detailed records established. A150 during the second hatf of the year. extensNe work to remove a dead hedge al the Temple of Bacchus began, aSong wrth the felling ol a numbef of trees in older to open up views across the lowei meadows and waterwheel. There wa5 a path along the ridge during Chades Hamill(M's lime and this prqect will ie-establish this path in lime. During 2023 there were also a number of new developments within IfrE Serpentine area of the Park. New perennial plantings were used to restock the Amerun bordef. An atternative lawn path was conslrucled, conr)ecling the lakeside path lo Berry Walk and Ihe Sefpenline and beyond. and overgrown laurel shrubs were cut hard back on the Chinese Peninsula lo maintain open view5 al head hwghl across this area EVENTS We continued lo offer themed trails in the lands¢ape with our Easlei Statue Irail and'in-house trails such as the Science. bugs and butterfly's trail and the Fairy DrK)rs Irail which cOntin￿d lo prove very popular Our winter Alice in Wonderland Irail buiK on a similar trail from the previous year and recetved 20.500 visrtors during the winter period and was enjoyed by wsrtors of all ages. 2023 saw the introduction of a number ol new marketing schemes that aim lo ￿a¢h new audencies lo support our events programme For the fiisl time, we ulilised ovid(K)r adverti5ng and our posters were displayèd al Sbane Square on the London Underground and al main line rai￿48Y slations during the Chelsea Flowei Show and Harnplon Court FI￿￿er Show. For the se¢ond year running. our summer series of events were launched Inthe Ampilheatre and Large Wal￿d Garden and w&re well supported by our media partners BBC Radio Surrey. WEDDINGS AND VENUE HIRE During the year Painshill held a small number ol weddings. We are fry)king to grow and develop our wedding offering in 2024 with the additKJnal use ol the Large Walle(l Garden 25 a rK)sl ￿[emonY reception venue and Ihe addrtional Iicencing of the Crystal Groito as a wedding ceiemony l(talion The Park also held piivale and corporate functions in the Amphilhealre and In the Abercom Rwm. Larget cotpoiale functions Iwk place on the Amphitheatre In 2023. EDUCATION The Forest School remained wputar during 2023 bul the unpiedicatable winter weather saw an impact on numbers. Our Holiday Camps remained popular with most camps lully b(¥J(ed. A lolal 016.116 children used our education programme in 2023. RETAILAND CATERING Our retail and calefing oullels conlinued lo do well during 2023 bul a SI￿h1 dip in explrled w511or number5 over the winter affected secondary spend. Nevertheless. iK)Ih the catering and the retail achieved increased spend per head in 2023 with retail income increasing by 12°h and calering by 13,1. 2023 saw the opening ol our ice cream hLJI and the launch ol the Horse Box Calé s￿￿k hul beside the Woollell Bridge Palnshill Park Trust Llmlted Report ofthe Trustses For the Year Ended 31 December 2023 EWIRONMENTAL IMPACTS & CUIAATE CHANGE Painshill Park is situated on a designated fl¢xxJplain. In le￿nI years the P* has seen a s¥Jnfficant increase in the Iiequency ol flooding and htgh winds which have forced us to cb)se the Park to VlSitors. Th￿ happened on several occasions in 2023. with a consequenl loss of inco￿. FUTURE PLANS In 2021, we commissioned Pllngle Richards Sharratt Architects CThni¥c Cd8 Landscape Architects to devekp a new finasterplan for Painshill to include the updating and review of the 2011 Conservation Management Plan. The Maslerplan was delivered in 2023. and subsequentty a working commrtlee has been established to focus on future PTKYities for the restoration of the landscape and the devdopmenl of the Trust more widely. In particular il will focus on the risks posed by environmental challenges and climate change, Visitor and eslale infrastructure improvements. reaching new audience5 and to maximise use ofthe eslale for income generation. We will continue to build on relatvjnships with our supwlers and to establish rdatK)nships so that we diversrfy our vduntary income streams. We ￿11 look for ways to indude those who have not yet experienced the joy and wellbeing that Painshill can bring. ChaTttable Trusts have b*n and wll continue lo be a vit81 source of support. Alongside this we VAII ¢ontinue to build partnerships wth companies and encourage mre supporters to indude a Gsft in Iheii Will Painshill Park TcusL We Continuously look to undertake proieds to impFove environThtnlal sustainability al Painshill as we work towards a sustsinable future. Our Suslainability Policy and Action Plan is nearing complelK)n ond will guide U5 on OUT path. On-going major roathvorks wrth National Highway and their wJenls contiiue as they upgrade the A31M25 junction and we work in close consultab.on with them lo mitigate the impact to Painshill land￿ape. As part of these road upgrades Painshill will lose our current emergency ￿55 gate direct from the A3., however a new gale will be installed in the landscape from the n￿Y constructed ￿esS road_ Al present there is not suitable surface from the new gale to link up with the e￿$ting tracks wrthii the our estate. As this land is outside of the project area we are pleased that National Highways are working lo se¢ure'De5ignaled Funds, to construct a new track on our land lo allow emergency Veh￿leS to erter Painshill. During 2023, folk)wing invesligalk)ns by cwil engineering experts and dNers we established that the Chinese Bridge was no longer sale and had lo be closed to the public. The brKlge is a vital part of the htslorical roule, linking the park lo Grotto Island Whe￿ the Crystal grollo is kcated. The existhng bridgewill need lo be iemoved in its entirety and cOm￿etelY re-built. Our furKlrai5ing campaign is underway lo raise the estimated £250,0(M) required lo enable this restoialion project. Until li 15 restor￿ a fk>ating ￿nI00n bridge has hired to enable vistor access. As Pain5hill bec(￿8$ increasingty better known we aim to embed il even further inlo the life of our community as well as raising its profile as an hiSt￿le landscape of nalM)nal impX)rt￿Ce. thereby nurturing and proleclit)g it for future generalK)ns. PUBLIC 8ENEFIT STATEMENT The Trustee5 have due regard lo th￿r duties under sectK)n 17 of the Ch￿tieS Act 2011 in relatK)n lo public Enefit and have revwed Charity Commission guMJance. The Trust has continyed lo embrace educakn as an important part of our 3¢aryilies. Our is lo encourage people of all ages lo enjoy the landscape and to beneffl from a WKle rdrKJe of courses, lectures and aclivilies. Many visitors. groups and $th(x)￿ tell us ol their enjoynMt of the rffwarding experieThces provid￿1 by the Trust. For adull and family visttors we provide discovery trails, talks and g￿ed tours. In *ldilion, paid act￿(L￿8 Palnshlll Park Trust Llmlted Report of the Trustees For the Year Ended 31 December 2023 include lectures, workstr￿p$. art and small events - examples being nx1s￿ events. walercolour workshops, seasonal photography, bal walks and bird sollg walks. We have developed opportunrties for volunteers, schools and corporate or9anisations to join a programme of landscape rna1ntenan￿ and eonservalion. We attach great importance to a close relatw)nship wrth the kical cornrnunty. We continue lo make Painshill available lo local charibes in support of their fundraising activities. and lo ariange visi15 to Painshill for some ol their beneficiaries. We have been delighted to continue working wrth the Cobham-based Child￿￿.5 Charity Oasis. providing three days out al Painshill for families who woukl not otherwise be able to vtsit us During the Summer we were p￿aSed lo be able lo provide a venue for 'Oasis Fest, for an evening celebralK>n of the charity's work raising awareness and funds lortheirvital ¢ommun(ty work. Afterthe Mayor olElmbridge, Councilkr Rrhard Williams chose Oasis as his Mayor's Charty il was only fftting the it should be launched here ai Painshill. We adively encourage work experience placements and have close knks wrth Surrey Young Carers, local schools and Elmbridge Heamhy Walkers. We are a wofk eXper￿nCe site for Surrey Choice5 whose misS￿n is to give everyone with support needs in Surrey the chance to fulfil their polential and reach their goals. In addition many complimentary familylickels v*re donated throughoulthe yearlo local schools forfundraising events and to local charrtj.es to SUPPOrt vulneTable families. We were pleased lo lake part in National Loltery Open Week 2023 for the second year running as a way lo say thank you lo National Lolleiy players and acknowledge the generous funding frorn National Lollery Heritage Fund which has been of such signrficance lo the resilience ollhe Trust. We offered a limited nUM￿r ol free tickets lo players and 212 people benefrted from this offer. FINANCIAL REVIEW 2023 was a difficutt year. The changes in climate and inc¥easing fk)odfvig on site had caused us lo Close the park lo our visitors on several days wrth a consequential Impact on our ￿nCome In addition. hwJher lickel prices were offset by rising costs for products and 5erwces. We are conlinualty reviewing all our conlra¢is and exploring new sources ol income to ensure our financval viabiltty. Our unreslricled income of £2.14 from operations decreased compargj lo the prewous year, primarily due lo a reduction in fithing income compared lo 2022. Unrestricled expendrture increased lo £2 36m due lo additional works requirecl in the lands¢ape and general increases in coas ￿rO$S all areas from suppliers. Reslricled income received in the year lotalled £14k 12022". £627kl. The previous year's high income vlas mainly received from Elmbri(Ige Borough Council and Community Infrasttuclure Levy lor the 5UPPOrt ol iwo building projects. Our restricted expenditure costs during the year amounted lo £22K12022 '. £1.18ml. This gave an overall nel expendilure kjss of £8k wh￿h was funded by de&gnated funds from prevv)us year. Our overall operating Unrestr￿ted defi¢rt for Ihe year was £217k. After gains on inveslments of £32k, gain on fixed asset of £8k and after adjusttng for reslri¢led fund movements of £18k our decrease in unreslrieled funds was £159k, reducing our reserves to £396k from £555k at the beginning ol the year. After adjusting for restr1cled fund movements, our overall loss for 2023 was £184k {2022". loss £515kl. The loss in 2022 was after accounting for the car park project Incorne frorn admission increased by 17010 from the previous year lo £773k due lo an increase In visrtor numbers coupled wilh an increase in our admission price. Membership increased by 2Qh lo £417k Income from other trading activiles saw a 170A decrease in the year due to re(kJced income from filming. Expondrture on visilor management decreased lo £1 51 m 12022 £2 51 ml, where 2022 higher costs were associated with reslllcled expendrture lor the new car park of £1.1m. the Wool￿tt BrKJge replacement costing £77k. the M3s1erplan and olhei projects. The overall balance carried fowar(5 in General Contingency Funds. after movwnenls, Is £371k12022. £528kl. Palnshlll Park Trust Lknlt8d Report ofthe Trustees For the Year Ended 31 December 2023 Rèserves poli The Trustees of Painshill Park Trust knmited have agreed the following poly in relation to reserves. This will be rewewed annually. Our obj8dive is lo make the Trust fft'nancially sustainable in perpetuity aThl thus to hold funds in reserve in case of unforeseen problems. We raise fvnds to mainlain and preserve the landscape, garden buildings, visitor centre and other facilities, and lo retain the beauty anil wsion of the Hon. Chades Hamilton in the landscape. Funds donated foi speofic projects are hekl 8s restricted reserves. in accordance with the wshes of the donor. We designate funds from our unrestricted reseTves for Specffj￿ projects in accordance our key pr￿[ItIeS at the lime. Our designated funds were depteted during the year due to the construction of the new car park which will gfeatty improve the visitor experien￿ and help reduce runn￿9 costs. In addition. we aim lo maintain a contingency reserve of approximately 3 months of annual operating expenses. The Trustees consider that there are polenlial major threats to our longtem ability lo operate including climate change, flooding, pandemic Situat￿n$ or serious inlemjptions to our wisrtor levels, each of which would result in loss of revenue or significant cost burdens. The contingency reserves (31culalion is based on ¢urrenl opèrating budgeted expendicure and will incfe8se with inftalion over time. These fund5 will be invested appropriately balanung growth and security. STRUCTURE, GOVERNANCE AND MANAGEMENT Painshill Parf( Trust Limrted is a C(￿panY limited by guarantee govern&1 by ils Memorandum and Articles of Association dated 26 August 1981. 11 is registered as a ¢harily wilh the Charity Commission. Each member of the Board of Management is a Trustee and each membef is l￿ble to contribute an amount not exceeding £5 in the event of a wndin9 up of the charity. The memters of the Board ol Management consli(ule directors of the chanty for Companies Act purposes. Al the year*nd. there were nin& Trustees who are also members ol the Board of Management after the resignatton of Louise Russell in Deeember. The Trustees wish to thank Louise for her geneTOUS SUPPOrt of Painshill through her sleadfasl work over nine years as a Truslee and as Chair of the Fundraising Committee and whose work has geneialed vital funds lor the charrty. This Board rneets bi-monthly OT more frequently, rf required. and administers the Charity. There is also a salaried Director wrfh delegated aulhortty within lemis approved by the Board. Recruitment. appolntment. Induction and training of new Trustees The Board of Management has the power lo appoint any member of the Trust as a Member of Ihe Board. eilherto lill a casual vacancy or as an addition lo the existing Members of the Board-, any member so appointed holds office only until the next Annual General Meeting IAGMI and is IIEn eligible foi election by the Trust al that meeting as an additional Member of the Board. Such appoinbnents are tsken into account when d61emining the members who are lo retire by rotalwJn al such meeting. During the year the Board agTeed that in the interests of gocKI governance a lime limit should be laid down for membership ol the Board. and that henceforth Trustees should in general serve for no rrtore than a maximum of nine years la tenure of three year5 renewable tw￿}. Al every AGM, one third of the elected Membèrs of the Board retire from office. The members lo retire are those who have been k)ngest iv office since their last election. A TelNing mwber of the 8rJ8rd is eligible for re-election. Al the 2023 AGM, Sir Stephen Lamport, Paul Tillei and David Taylor stood down and were all re- e￿¢ted lo the Board. The Board of Management seeks to identfy new Trustees who share th￿r enthusiasm for the restoration of Painshill and who bring qualrties which will help lo aCh￿e the Twsys defined obieclives. Painshill Park Trust Limited Report of the Trustees For the Year Ended 31 December 2023 New Trustees receive appropriale induction from Ihe Trustees and the Director. which includes briefing them on the conlenl of the Memorandum and Articles of Association, the business plan and recent financial performance of the Trust. and also during the indudion m￿tIng key empk)yees. Ouring the year there were no new appointments_ Related organisations Painshill has maintained excellenl working relationships with Elmbridge Borough Council, the freeholders of the land and hence its U￿lMate guardian. and wrth Sl$￿eY County Counul. The Charily's wholly owned subsidiary, Painshill EnterP￿S Limited, was eslablished to operate the ielail grft shop, the Hamitton leaioom and other trading activities. It has an apwowiate 1icence from the charity and donates ils profits to the charity. Ils accounts are consolidaled with those of the chanty. Risk management The Trust has a bw appelile for risk, and has measures in place lo enswe thalwherever possible a particular risk can be responsibly managed or mrtigaled. The Trustees have conducied a review ol the major risks to wh￿h the Charty is expDsed. A risk regisler has been established and is updated annually OT more frequentty as ¢ir¢urnslances require. Where 8ppropriate, systems or procedures have been established to mrtigate Ihe risks the Charity laces. The key risks Painshill is exposed to are". its dependence on visitor income,. the effect of the weather and seasons,. the continued risk of fl(￿ing frorn the adjoining River Mole., other national events which may affect visitor numbers. and the lirniled number of significant income streams awdilable lo us. Substantial management effort is devole(I to maintaining and Incre8sing inctyne. Procedures are in place lo ensure compliance wrth he8￿h and safety regulations by staff, vdunleers and visitors lo Painshill Detailed risk assessment and method slalements are regularty reviewed. Up lo dale Iraining is in place for the use ol mechanical equipment ar￿ plants Regular seTvi¢ing and pi(yJramme rnainlenance is in place and serV￿e conlracls are in plxe for all prirwl Se￿￿ syslems. Palnshlll Park Trust Limlted Report of the Trusta8s For thè Year Ended 31 December 2023 REFERENCE AND AD￿NISTRATIvE DETAILS Reglsteied Company number . 1587910 Registered Chaiity number: 284944 Reglstered office Portsmouth Road, Cobham. Surrey KT11 1JE Tru8ts+8 Sir Stephen Lamport GCVO OL Chair HH Christopher Crilchlow DL Chair Mr Dawd Hingley Mrs Shwela Kapadia Mr Peter Kelly Mr Richard Reay-smith DL Mrs Louise Russ811 Mr lan Sampson JP Dr David Taylor Mr Paul Tiller Resigned 13 Decefflber 2W23 Honotary T￿a$￿Ter ompaTry Secretary Mr Paul Tiller Dtre¢tor Mr Paul Griffth$ Senior ManagementTeam Mrs Ydynnda Ddugar Fina[￿ Dir8Gtor Ms knberty Bilinglon Marketing & BraKI Manager IANxxnied 27 Sep120231 Ms Kaien Dawson He*1 ol Fundra19￿ IRe¥Jr￿ 21 July 20231 Mr Adam Langendoen Head ol LeamiNJ Mr Jake LovKk Head of Estates & L￿d$ca Ms Ghristina Paver Head of Markeling &Communi¢xtlOllS (ReS￿n8d 23 Aw 231 Mi Steven Roach Hè&J ol Visitorwd COrTmT￿aI OkErations Auditors Sheen Sliekland Charlered A￿O￿ll￿nts. 7 East Pallanl. Chichester. West Sussex PO19 1TR Solicitors Knighls pl¢. The Bramplon. Newca511e-un(ler-Lyme. Siaffordshire ST5 OQW Bankers National Westminsltsy Bank. 7-10 Brindley Pl￿. Bimiingham B1212 Members HH Christophei Crilchlow DL- Mr Oavid Hingley. Mrs Angela Frasef DL Mrs Shwela Kapadia. Mr Peter Kelly. Sir Stephen Lamport GCVO DL. Mr Rithard Reay-smith DL. Mrs Louise Russell. (Resi￿ed 13 Oecember 2023) Mr lan Sampson JP. Mrs Cherrill Sands Mr Michael Symes Dr David Taylorf Mr Paul Tiller. Chairman of Surrey County Counal- ex officxo Mayoi ol Elmbridge- ex officio Those members who a￿ Twslees and ￿s0 members ol the Board of Management ale indTrrated by an asterisk.. Painshill Park Trust Limited Report ofthe Trnstees For the Y&ar Ended 31 December 2023 STA TEMENT OF TRUSTEES RESPONSI8IUTIES The Trusl*s (who are also the di1￿10r$ of Painshill Park Trust Limit￿ for the purw5es of company13wl are responsible foi preparing the Report of Ihe Trustees and the financial statements in accordance with applicable law and United Kingdom A¢counting Standards Iunited Kingdom Generally Accepted Accounting Pracli¢el. Company law requires the Trustees lo prepare financial statements foi each financial year wh￿h gwe a true and fair view of the slate ol affairs of the charitable company and of the incoming resources and application of resources, includ1ng the income and expenditure of the chariiable corryany for that period. In preparing those financial slalemenls, the Trustees are iequirer co1￿ctiVety, may cast significant doubt on the group's ability lo continue as a going Can￿M for a period of at least twelve months from when the group financial slalements are aulhorised for issue. Our responsibiif(ies and the res[￿￿sibIlitIeS of the dir￿torS vMth respedlo goiTYJ con(wn are described in the relevant sections of this re￿t. Other information The trustees are responsible for the other infomialion. The other inlormat*Jrb comprises the informalK)n included in the annual report, other than Ihe group Iinancial stalemenls and our Report of the Independent Auditors Ihereon. Our opinion on the group financial sL￿eMentS does not coverthe othei infoma'on arKJ we ¢k) nol extxes5 any form of assuran￿ conclusion thereon. In COnn￿li0n vrith our audrt of the group financial sl*ements, our restK)nsibility is lo read the other inlormatDn and. in doing so, consvjèr whether the other information is Material￿ inconsistent with the group finan¢ial statements or our knowfedge obtained in the audrt or otheTwse appears to be materially misstated. If we identify such material inconsistences or apparent material misstalernents. we are iequired lo delemiine whether there is a material misslatemenl in the financial statements or a ￿ater￿1 misstatement of the other information. If. based on the work we have perfornied. we conclude thal there is a material misst*ement of thi5 other infomalK)n, we are required lo reporl that fact. We have noth￿9 io let￿ in Ihis regard. Opinlon on other matters prescdbed by the Companles Act 2006 In our opinion, bas&J on the work undertaken in the coutse ofthe audrt.. infomalKJn given the Reporl ol Ihe Trustees lor the finaThcial year foT which the financial statements are prepared is consislenl with the group financial slatemenls.. and the Report ol the Trustees has been prepared in accordance wth applicab￿ legal requirements. Matters on which we are required to report by exceplion In the light of the knowledge and understanding of the group and the parent ¢haritsble company and their environment obtained in the course of the audit. we have not Klentified material Tllisstatements in the Report of the Trustees. Reporl of the Independent Auditorn to thè Members of Painshill Park Trust Limited Matters on whlch we are requlred to report by exception We have nothing lo report in respect of Ihe following mattels where the CoMpan￿S Act 20￿ requires u5 10 report lo you il, in our opinion.. adequate a¢¢ounting records have not been kept by the parent charitable company or returns adequate for our audit have nol been re￿Ned from bi8nches not visited by us". or the parent charttable company financial slalements are not in aweemwl wilh the &¢ounting record5 and return5", or certain disclosures of Ifuslees. remuneration specrfied by law are n(rt made." or we have not fecewed all the inlormalion and explanations we ￿QUire for our audrt. Responsibilities of trustees As explained more fully in the Slalemenl ol Truslees Responsibilriies sel out on page 10, the trustees (who are also the direclors ol the parent charitsble company lor Ihe purposes of company lawl are responsible for the prepaialion of the group financial slalements and for being satisfied that they gwe a true and lair view. and lor such internal ¢ontrol as the trustees determine is necessary lo enable the preparation ol group fi'nancial slalemenls that are free from material misslalement. whether due lo fraud or error. In preparing the group financial slalements. the trustees are iesponsible for assessing the group and parent charitable company's ability lo conlinue as a going con￿rn. disclosing, as applicable. mallers related to going concern and using the going concein basis of accounling unless the Iruslees either intend to liquidate the group and parent charitable company or lo ¢ease operali)ns. or have no realislic allern21ive bul lo do so. Our responsibilltles for the audit of the financial statements Our obieclives are lo obtain reasonable assurance about whether the group financial slalemenls as a whole are free from material missialemenl, whether due to fraud or etroi. and to Issue a ReKK)rt ol the Independent Auditors Ihal includes our opinion. Reasonab￿ assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance w((h ISAS IUKI will a￿vaYS delect a mateiwl misslalemenl when it exists. misslalemen15 can arise from fraud or error and are considered materi31 rf. individually or in the aggregate, they could reasonably be expected lo influence the Eronomi¢ decisions of users tak￿ on the basis of these group financial slalements. Irregularities, including fraud, a￿ instances ol [￿n<0mpl￿8nce wrth I￿S and regulations. We design procedures in line with our responsibilrties. outlined above. to dete(X material misslatemenls in respecl of irreguiarilies, including fraud. The extent lo which our procedures are capable ol detecting iiregLJlaritie5, including fraud is detailed below.. Enquiry of management, those charged with goveman¢e and Ihe entrty's soli(ators around 8Ctual and )lenlial liligalion 2nd C￿lMs,. and Enquiry ol enlily's staff lo identity any instances of non-compliance with laws and r￿UlationS.. and Reviewing minutes of meetings ol those charged wlh govemance". and Reviewing financial statement disclosu￿$ and testing to suppcM1ing documentation lo assess Complian￿ with applicab￿ laws and regulations.. and Audrting the risk of management override of controls including through lests'ng journal entries and other adiuslmenls for appropriateness and evalualing the business rational ol significant IransaclK)n5 outside the normal course of business. A further d￿Cription ol our responsibilrties for the audrt of the gfOUP financial slalemenls is l(taled on the Financial Reporting Council's website al www.frc.org.uklauditorsresponsibilities. This desuiplion forms part ol our Report of Ihe Independent Audrtors. Report of the Independent Auditors to the Members of Painshill Park Trnst Llmited Use of our report This report is made solety to the charitable (xryany'5 memtws. as a trLxly. in XCordar￿ with Chapter 3 of Part 16 01 the Companies Act 2006. Our audit work ha5 been undertaken so that we might stale Its the charitable company's members those matters we are required to stale lo thern in an audf(ors' report and for no other purp05e. To the ful￿1 extent permitted by law. we do not vl or assume responsibilrty lo any¢Me other.IhaD the group and Charitable company and the charitable companls mgnbers as a body. for our audit for Ihi>'f¢ ort. or for the opinKJns we have fornied. Paul Wright FCA DChA ISenioT Statutory Auditor) for and on behalf of Sheen Sticklar Chartered Accountants Statutory Audf(ors 7 East Pallanl ch￿hester West Sussex P019 1TR Dale.. Pzinshill Park Trust Llmited Con501idated Statement of Financial Activities lincorporating income & eXP￿dI￿re account) Year ended 31 December 2023 2023 Total £'L)DO 2022 Total Unresln.Ct￿ Reslncted £'oa) £'o(x) Note Income frorn.. Donations and legaues Charitable activities Admission and rnembership Education Evenls other trading athvilie5 Investments othei iniy)ffle 14 36 1.1￿) 78 118 732 1,190 78 118 732 1,D72 78 128 878 Total Incomè 14 Expenditufe on: R8151ng funds Charitable acb-vities Landscape Visitor managemenl Education Other Iiading acb-vilies 95 133 637 937 17 654 937 561 1.992 100 515 576 576 Total expenditure 22 3.302 Net expenditure and nel wnovement in funds belore gains 12171 181 1224 14861 Transfers between funds 18 GainllLossl on disposal of fixed assets Gainlllossl on revaluation of Irwestments 32 1281 Net rnovement in funds 11 11591 1251 11841 Reconciliation ol funds Total funds bioughl lofvrard 61 616 1,131 Total funds carried foNard 12 36 432 616 I transactions are derived Irom conbnuing acbvities. Th￿e weie Th) other recognised gains or thses Movements In funcss are d15closed in nole 11. 14 Palnshlll Park Trust L*mited Balance sheets As at 31 December 2022 Cornpany number: 01587910 Group 2023 ro¢)J Charlty 2023 Note 22 2022 Flxed assets Tawible assets 212 212 Current assets sto Deljlors Cash at bank and in harKI 37 150 676 165 395 242 324 446 6tiJ 835 cred￿0[$. amounts falling dug vthin one year 10 {3521 14431 13181 14131 Net current assets 420 420 Tots1 aswts less current liabilitie5 432 632 432 632 Cfedilors." amounts falling due after MO￿ than year io {161 1161 Total net assets 616 432 616 Funds R&stricted funds 61 61 Uniestricled funds.. Designated funds General contingency funds 11 27 528 27 528 371 371 To181 Y￿￿$tricted Iwds 396 555 396 S55 Totsl charlty funds 12 432 616 432 616 The thaiily's St*emenlof Financ481 AdwiQ"es has rK)t presented. as wrnitted by se(*on 408 01 the Cc¥npanles Act 20(￿. The tharitys net movement in furKJs for the year as an indiwdual entstywas a defiLit £184K12022.' defi(lll £515KI The notes on p8ges 17-25 fomi part ofthese finanixal slalemenls. The stateM￿ts wete approved and authorised for issue by the Board of Trustees on 24 April 2￿24 wicl We￿ s￿ned bel￿ on its bèhalf by.. Slr Steptrien Lam Chairma VODL Paul Tiller I4￿0rdry TreAsurer 15 Palnshlll Park Trust Limited Collsolldated ststemènt of ush flow5 Yeor ended 31 December 2023 2023 rooo 2022 £'ooo Net cash usgd In operatlng actlvfties 273 428 Cash flows from Inv85tlng actSviUts Interest and dividends Purthase of equipment 191 Net cash provided by invèstlng actlvllles ch￿ge in ¢a5h and cash equivalents in ￿ year 12811 14281 Cash and cash equivalents brought forward 676 1.104 Cash and cash oqulvalents at the end of the year 2023 rooo 11841 28 2022 Recon¢lltstlon of net income to net cash flow from operatlng actfvitfjes Net movement in funds Depre¢i8tion Interest Gain on disposal of equipmenl Ilncreaselldecrease In debtors IDecreaSeylnc￿a$e in ueditor5 11r￿re95e)ldecrease in stock 15151 28 1351 107 1101 11071 131 Net Gash used In operating activitie$ 2023 £'ooo 395 2022 Cash at bank 676 16 Painshll Park Tru$tLlm Notès to the cotksolidat•d accounts Yoaf ended 31 December 2023 1 Accounting policies al Statutory Infowmation P￿nShI11 Park Trusl Limited is 3 charrfth t￿nPaTry lThniled by wantee reg¥steral at Painshill Park. PortsmNth Rd, Cobham. Surrey. l(r11 1JE bl Basis of preparatitsn The f¢nancial statement5 have been prepared in ￿t(￿an(￿WIth A(xmnting and Reporbr¥J by Char"th"es.' S18tem8nt of ReCoMr￿nded Pr3cb¢e aA)licAbb to thar1￿5 preparing their ar1￿￿nts tn ￿￿dance with the Financial RepDrting Standard applicable in the UK and Repth1￿ of Irela￿j IFRS 1021 leffedNe 1 Jan￿ry 20191- (Charit￿5 SORP FRS l(Y21. and th& compan￿ Acl 2(th. Assets and lyabilitss are initially rec(wt￿l at hk%toiical ortransxtion vakA8 Un￿$S oU)er*w siatwj in the re￿vant accountiThJ pOI￿Y notelsl. Group financial statements have been prepared in reswof Painshill P* TruslLtnited a[￿ ts w￿)llY owrEd t[￿Ing 5ubsrdiary, Painshill Enlerprw ￿rnited. ¢1 Publ1¢ ￿n&￿tfrntity Painshill Path Trust meets Ihe def￿rtIOn of a enbty FRS 102. dl Golng con¢•m and keyludgements The TIu5tees congder there are no material uncertaintie5 about the Charity'$ alxlty Io CLMrtinue as 8 Lx>irYJ Con￿rft. T￿r& are no $KJnificanl areas of judger￿1 thal affecl Ihe chartys accounts. In the View of th8 Iruslee5, no assumptions (x>ne*miru fijture OT ests.tnatK￿ u￿£￿alnty a¥fecbryJ assets or liabiliks 88 balan￿ sheet date afft likety to res￿￿ ￿ a rI￿terial al"uStm￿l to th￿r (xryirYJ •nounts ￿ Ihe next ffinanaal year. 01 Income Income is reCryn￿e￿ On￿ the thayity ha8 enbtlem8nt to the lurvjs. it is Ihat be r￿e1ved aTKI the amounl can measu￿￿ relwNy. Inrxjrre from other traling actiwtE5 is re￿nI￿1 as rekied gLvJ5 are wov¥Jed. IDveslmenl incoN* is rec(*Jni8ed when re￿Nable aThY Il* ￿0￿￿ts ran be rneasui￿ I￿>bly. fl Expendi￿1￿ Expenditure is rec0grt￿ed OfKe th￿ 15 a legal lx (ly￿1rufJ￿e oblvJalK)n lo make a paym8nl to a third party. il 1$ probable that setdem8nt will lje requi￿1 and amwnt of the oWvJalion ctn be measured reliabty. Expen(Iture is ckssrfed under Ihe Idlowing adwity heathtVJ5." Raising lunds ir￿lUdeS direct marteting wsts and Iheir as50ck*&l supwrf costs. charitab￿ actithtW3 comprise direct of mainlainiThJ and testoriryj OE13nd5caKe. ¥￿tIor semces aThJ ed￿ation adivides undertaken to fvrther putp(tses of th8 charity ZNJ theiia5swaled support Costs. E¥JÈThliturÈ is r8ccgni5ed on an a(txvats bask8 88 a IratM"lty iwjrrryl. iftrj￿￿e0f VATthat canrK)t be recovewl. 91 Redundancyand iennination paJTnents R8dundancy and terrninatK)n payments we accounted for when the ierniinalA)n has t4en communicated lo the employee The totsl amounl for the fepo¥hThJ perKrfl atKI the nature of ihe ￿ment ￿e (SEdosed in staff costs note. h) Allocation of support Costs Support ￿$ts have t*en allocaied iElween gO¥eMan￿ cosls and other $￿p￿t costs. Gov8mance a¢bvities mprise organi5atiDnal administrab.on arKI compliafi￿ with CoDStitutK)n￿ and statuk)ry reouiremenls. Governan￿ and support costs have t*en apFth"oned bett￿en all *bw(E5ba%8d on $tsff tead ujunl. 17 Painshlll Park Tw$t Umlted Notes to the con501idated acctsunts l¢ontlnuedl Year ended 31 December 2023 11 Fun(1 acctsuntlng Restricled funds Inoie 111 are lo be used for swfjc purpose5 as lahl d(Mn by the thnor. Expenditure Ithid) meets ttr*se c￿leria is charged to the furKI Unreslncted funds are dC￿atIonS and other inc(xnitKJ te50yr￿S r￿1Ve￿ u senerated for Ils general purpos8s. They Indu(Je funds des￿nated by Ihe trustees for partthlar purposes knthefe u* remains at the dIS￿lI0n of trusiee5. Il Tanglble Ilxed assets Fixed assets ère slated al o)st less accumulaied ￿e￿(jab0n and wnpairwt losses Asse15 costing more than £2,0￿ are cApitalised. Dep￿Jat￿ry is Calculated to wite off ol thef1￿￿ a￿t by equal instalmen15 as follows, all straighl lir Depreoaiion Is cal(AJlaled on a slraighl line ba￿S to alocate the charge tO￿lr residual val￿5 over the estirnaled useful live5 as follows". Motor vehide$ 10 years Landwpe equipmenl 5 years Tea room equipment 5 years Fixtures and fittings 3 years Coftwuier equiprnenl 3 years Trustee5 have Considered the vèlue of the wotks ol art heky by Tntst arnj ￿￿1rdI￿lY estitnaled the value of these works and ￿lated ple￿$ kl Stocks stocks are valued at the k)werof c051 and nel ￿811$at￿e value_ 11 VAT The group is partially exempl for VAT arKI irrecoverats￿ VAT is indvded 1nexpend1tu￿. The ¢haritls subsidiary. Painshill Enterprises Limited i5 wislered wthin the same VAT group. ml Debtors Trade and other debtors are recognised al the setuemenl arnount due aft¥ any trade discount offered. Prepayments aft valued at the amunt prepaKI tFet ol any trade d￿￿nts d￿. n) Cash at hand and In bank Cash al bank and cash in hand indvdes cash aThl Short term hwJhly *i¥esttnents wth a short maturity olthree months or ￿$$ fr¢Mn the date of acquisition or openirvJ of the deposii or Su)￿18rarEoUThI ol Creditors and Pro￿$[0￿$ Credilors and provisiolls are rets)onised there tharily h85 a present oblpjalion resulling f￿M a p351 event that wll probab5y ie5uIt In the transfer of funds to a thitd party the 3Tnount due losettle the obligation can be measLJred or eslimaled re118bly Credrtors and provi￿OnS are notrnally ￿(￿gnI￿1 at their setkn*nt amount after 311oving lof any trade discounts due. pl Financial instruments The ¢hanly only has finanoal assets and finan(Jal Iiat¥"lth$ of 8 kind that walifyas bawc finanoal instruments Basic finanual instruments are inilia11y recognised at transacxion value and subsequently rnea5vred al their settlement value ql Penslon scheme Pain5hill Park Trust o)ntribules lo a group personal pension scheme, the assets of thich ère a(IminislerecS by Nest 11 is a tjefined contribution scheme All eonlnbuted costs 8re 8C(X)Linted for N Ihe b8s1s of chargiw the cost ol providi n510ns over the Feriod the tharily benefits from Ihe ern￿oY￿. seMc25. The charily has ntr fllrt￿r lia￿li1Y under the scher 18 Painyhill Park Tn78t Llmtfyd Notes to the consolidated accounts Icontinugdl Year 8nded 31 December 2023 2 Analysis of group incom8 Uniestn"¢ted Restricted Total 2023 Total 2022 £tWJD £'(K)O £'ooo £'ooo Donatims, 109acies and grnnls Aurelius Charitable Trust, The Cargill PLC Elmbridge eorough Council, L￿1 CIL grant Elmbridge Borough Counul. Strategic CIL 9￿￿t D¥ and Mrs Day￿ Taylor Lethe Trust. The Loseley Ghristsan Trust, The S8bina Sutherland Charitable Twsl SWf- People's Postcode Lottery D￿aM Fund Stsnley Smith (UK) Horticultural Trust Hugh and Catherine Stevenson Stuart Heath Charitable Settl￿ent Surrey His10ri¢ Buildings Trust Other donations including Gtft Charitable acllvltlos Admissitsn Membership Educalion Events Other part( income Oth¥r Irading activities Tearoom Retail Commercial events and filming Wedding Venue hire Invèstment income Bank interest Othèr income Job Retention Scheme Insurance claims Olher income 534 41 14 14 io 11 37 773 417 78 773 417 7B 409 78 109 24 503 171 22 17 19 503 171 22 17 19 238 21 28 Totsl Income 19 LD (¥ Vl I i¥ LI (• z> Palnshlv Park Trust Llmlte Notes to the consolldated accounts {cortIn￿dI Y￿anded 31 Decemljer 2023 staff ¢osts 2023 rooD 2022 Salaies and wages Casual stsff salary costs SocAal se¢urrity ￿SiS Em￿0ye¢S COntr￿￿￿"0n to d8fir*d ContriLxrt￿ pens￿￿ 762 103 750 83 17 16 The numbwof empk)yees *N)se emoluments foTtIE yeaffel ￿rth￿ the baN18 *Bft." 2023 2022 £6W1. £70.1MM> £701K>1- £fAI,000 empk)h*e eamiro more than £&).((i)12022.. 11 pathipalB(l in (kthed OMtrbUt￿n penslon 5the￿. The key mar4gement personr*l of the tharity are the Dire(lo¢and the Ser*cY manapl￿nt T8am, aggwats iernuneration and I)￿fits forthe key rnana9on*ntKerswr￿l ￿ £309.5671%122.. £3(0,9&8}. 2023 included 7 [￿rsonnell2022 .. 71 The average nuMb8Tofem￿Oyees (he&1 (x)unlbased on nurrt*iolstaff •lwas' 2023 2022 Ra￿n9 f￿d$ Landscape Visitor ManWJ8Tr￿1 Educaik)n Support Governan Tolal 26 Net exFenditufy forthe year 2023 2022 £'wo This is stated after Charg￿g.. Au(Jito¢$ rwunei8tvJn Operating ￿8s8 pawnents DepreaalK)n 13 28 16 28 Trusle85' and oxp8 A lolal of t2.280 was pahj by ￿ Charityforfvavel 3Th1 sUbs￿e￿￿ ey4)erw for 1 TNstse.12022". nonel 21 Paithshill Park Trust Llmited Notes to the con¥olid31Bd accounts Icontinuedl Year ended 31 Decemb8r 2023 Tanglble fixed assets- group and ¢harlty Motor Landst3pe Tea roc¢n Worf(s of ¥ehr*s equ￿ment equipmenl equipment Art £'o)o £.￿0 Tt>tsl £'OLM) Cost At Ihe start of the year Adilitions Disposals At the en(J of the year 91 36 120 60 341 21 70 21 329 43 36 120 60 A¢¢umulated depreciation Al the slarl of the ￿ar Charge for year Depreciaknon on dispo8aL% At the end ol the year 25 33 41 12 129 26 12 145 12 26 32 34 53 Net book valu8 At the end ol the year 11 67 60 184 At the start of the year 61 79 Invèstments In trading subsidiaries Goup Charity Nam¢ of subsldiary P8inshill Enterprises Linrted Holding Ordinaty Shares Proportion Ol￿ting Regi5tsrod Inveslmpnt ErKJland Income fr¢Nn the tradiThJ subsidiary is reeEived by way of Gfft Axl p￿ase referto note 13 lor further delaiL8 Debtors due withln one year G￿up 2023 Charfty 2023 2022 £'ooo 2022 t'ooo Tiade debtors PrepayTnenls wJued Incoffle Curfenl accounts with tradiTrJ subsKJrdTi8S Other deblors 48 112 30 112 95 312 307 165 150 242 446 10 Creditors lalliDg due within one year Group 2023 £'oDo Charity 2023 £'ooo 2022 2022 £'ooo Trade creditors VAT Other taxes & sooal security Ac￿U87$ and def￿￿ed in¢c*ne Bank Loa Finan￿ ￿ase Other t￿dItorS 121 172 24 102 154 24 22 178 22 163 26 13 22 148 26 13 189 36 352 443 318 413 ditors= amounts falling due in more than year Fin8nce lease 16 16 352 459 318 429 Current bank loan has an Inler8St rate of 2.5% per annum 22 Notes to the consolidated accounts Icontinuedl Year gndgd 31 Deceffl￿r 2023 11 Movement In funds At1Jan 2￿23 Irm7* E¥wKlilure Ttan51ers l At 31 Dec Losses 2023 £'ooo Restrlcted funds Temple of Batchus LatKlscape equipment and vehides Hemiitage reslorab Landscape restora1￿￿ Vdunleering wogramrr Education programme Othei18ndscape donations Charlty restrfcted fund 35 141 19) 18 (181 (51 61 14 1221 1181 Unrestricted funds Designated- PainstrNII Devefopments Designated- Temple of Bacchus General contingen¢y funds Unrestricted funds 12) 25 528 555 25 371 2.140 12,35n Group total funds 432 Notss LO rn6trf¢tod fvnds The Twnple of Ba¢th￿$fUftdS ate In supp￿1 ofts refiJt4sh the re￿￿￿ of B*Ctrt￿. the kntetior. H¥mitaye RestwalK￿. AD appear￿d$law￿￿ed in 2023 to wxxllhp or11￿H2￿1ts￿ F(Aty Inu￿ L￿5￿4￿. Eknnalimskn*re ieceNe(Ilram ￿ernbe￿. ￿￿te￿$, InLStee5. ChwAat* Trusts d￿#￿Tr$. LandsGape rtstoraith. Iwx*i¥ that was te(*J￿￿ ￿ appeal ￿2tr22 nexths8 ofwhatthekndi*&sknwe Etsined. 11 has b￿n 20231￿the ￿ld￿e reStns received fr¢Jn Trustees during the yew (2022. £2.0(K)). 15 Operatlng lease The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following pericKIs'. 2023 2022 £'ooo Less than one year One lo five years 13 13 16 Ststutory infonnation The company is limited by guarantee therefo￿ has no share capital. There is no controllirbg party. 17 Movement in fvnils Iprlor year) Al l Jan In¢on* Ex￿￿tu￿ R8valu*ion Al 31 De¢ 2022 2022 Resliicted fvnds Tenwle ofSacchus CarPa Landscape équipment & vehicles Woolletl BrAdge Landscfjpe ￿slOrali0￿ Volunlee17ngprogramm& Education programm8 Olherlandscape donalions Charltyrestricled fun¢ts 32 {1) 35 (1.073) (4) 25 70 (18) 18 (o) 18 (5) (8) 17 (1,184) io 79 12 627 61 Unrestriotedfun(ts Designated- Pain51y"Il DevelopThnts Dgsignal8d- Templ& of Bacchus General funds Unrestricied fiinds 542 25 485 1,052 (540) 25 528 555 2,117 (2,117) 28 (568) 2,188 Gro(w tofal fvnds 301 28 616 25